Mohammed El-Erian on why the markets are rising amid chaos in the Capitol
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The Dow was up about 1.5% Wednesday as chaos reigned in Washington. The S&P 500 also gained about 0.5% while the Nasdaq fell. Mohamed El-Erian, economic advisor at Allianz and Gramercy, joined “Squawk Box” on Thursday to discuss the potential market ramifications of Wednesday’s events.