Stocks closed higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon. Investors also cheered strong quarterly results from Walmart and Cisco Systems.
Hutchins Center Director David Wessel and CNBC's Rick Santelli discuss how mismeasuring prices and output can harm not only the long-term assessment of the economy but also the mood and politics of the country.
The currency has lost 28 percent of its value against the greenback since August and more than 40 percent this year amid investor fears over central bank policy and escalating disputes with the United States.
The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world's two largest economies, an analyst told CNBC on…