Trump bragged about the Dow gaining 2,100 points, as the coronavirus spreads and the American death toll continues to grow.
The Dow Jones Industrial Average has lost all gains it amassed since President Donald Trump took office, a further indication of the turbulent effect of the coronavirus pandemic on global markets. The Dow plunged 1,428.48 points, or 6.7 percent, an intraday low of 19,808.90. That’s below its close of 19,827.25 on Jan. 20, 2017, the day of the president’s inauguration.
Wall Street stock markets dropped so precipitously on Monday’s opening bell that a 15-minute delay in all trading conducted was triggered.
Such a trigger happens on trading when the S&P 500 dips below 7 percent from its previous close, Bloomberg reported. If the rate drops down to 20 percent below its previous close, Wall Street itself will close for the day.
Donald Trump has staked his entire reelection campaign on taking credit for Wall Street and the economy, but Trump now has the 8 biggest Dow drops in US history.
Trump admitted the real reason why he held the Coronavirus press conference as he blamed the stock market plummet on the Democratic debate.
Donald Trump is livid over the stock market plunge due to the Coronavirus, and he wants more lies to keep the stock market growing.
What is the story of the U.S. economy?
Not unlike the proverbial elephant subject to scrutiny by a band of blind men, the nation’s economy is subject to multiple narrative descriptions depending on which component of the beast, whether our economy or an elephant, the blind man massages.
Trump started frantically retweeting himself as the stock market plummeted and no one believed his tariff lies.
We know that the Philippines, Kuwait, Turkey, and Saudi Arabia are among the foreign governments booking large blocks of rooms at the Trump International Hotel with the hopes and intents of currying favor with the President. And we know that foreign lobbyists, particularly from Saudi Arabia, are doing the same.
For some unknown reason Donald Trump is trying to simultaneously undermine stock markets while at the same time eliminating millions of jobs in the red states that were his biggest supporters in 2016.
On Thursday Trump said he’s planning another $100 billion in tariffs on Chinese imported goods which increases the prospects of an ongoing and increasingly serious trade war with the largest country in the world.
Trump seems to believe – or at least want you to believe – that this rosy economic picture came out of nowhere, thanks to him.
Either the businessman president doesn't understand basic economics or he is intentionally misleading the American public.
"It's like a guy built a house and sold it to someone, and that person walked in and turned the lights on is like, 'Look at the house I built.'"
In moments of the campaign when his polling has improved, the markets went into a freefall.
If he was aiming for Planned Parenthood, God nailed the wrong country, and besides, things aren't looking so bad this morning, say experts
Donald Trump is talking about China, which has prompted an ill-considered attempt by Scott Walker to sound relevant regarding foreign policy