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Former PIMCO CEO Mohamed El-Erian On The Wild Week In Markets06:28
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Mohamed El-Erian, chief economic adviser at Allianz, is pictured in Paris on November 7, 2014. (Eric Piermont/AFP/Getty Images)
Mohamed El-Erian, chief economic adviser at Allianz, is pictured in Paris on November 7, 2014. (Eric Piermont/AFP/Getty Images)
This article is more than 5 years old.

Stocks in the U.S. opened slightly lower after a two-day surge, following a steep fall in the first part of the week over concerns about China's stock market and economy.

After a wild week, Here & Now's Jeremy Hobson speaks with Mohamed El-Erian, chief economic adviser for Allianz SE, about how China's economy impacts the U.S., and what is coming up for the Federal Reserve.

El-Erian is also the chair of President Obama's Global Development Council and the former CEO of PIMCO, a global investment management firm headquartered in Newport Beach, California

Guest

This segment aired on August 28, 2015.

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