Navarro: 'I guarantee no recession, okay?'

White House senior trade adviser Peter Navarro attempted to assure the American public that the country will not plunge into a recession sparked by President Trump's recent sweeping tariffs, suggesting Wall Street's 500 biggest corporations will lead the economic turnout. 

Navarro said the market is “finding a bottom now. It's finding a bottom now, but it ... look, here's the thing ... it's going to shift over and it's going to be companies in the S&P 500 who are the first to produce here.