The situation concerning the heavily indebted Chinese real estate giant Evergrande has weighed on markets around the world this week. The company missed Thursday's interest payment of $83.5 million and now has 30 days to pay it off. If it does not, Evergrande will default without a bailout from Beijing. Any outcome is expected to have an impact on global markets. Interactive Brokers chief strategist Steve Sosnick joined Cheddar News' Closing Bell to discuss.