'Recession Monitor' - like the economy -- is flashing a lot of red right now

Joseph Brusuelas, chief economist at RSM, returns to Money Life today as the firm introduces the RSM US Recession Monitor — a comprehensive scorecard relying on more than 20 indicators to track the health of the economy — which is showing a 55 percent chance of recession, a danger level that Brusuelas says will go higher if current tariff and trade policies continue as announced. While he is optimistic about potential rollbacks in those policies, Brusuelas says the current conditions would be considered recessionary regardless of the party in power in Washington, but are exacerbated more by policy than they have been during times of recession triggers like an oil price shock.Todd Rosenbluth, head of research at VettaFi, brings a Pimco actively managed multi-sector bond fund back as the ETF of the Week, noting that the fund is a strong diversifier and can goose yields now, at a time when investors are looking for safe havens but might want bond managers to manage into the rapidly changing market conditions. Plus, more from the archives with investment legend Jack Bogle — who founded Vanguard 50 years ago today and who appeared on the show a decade ago talking about the firm's 40th anniversary; today's excerpts, culled from three different appearances on the show, include comments from 2016 on the first Trump Administration that stand up particularly well against the test of time.