Trump discovers that markets go down
- Author: Megan Austin Feb 07, 2018,
Feb 07, 2018, 1:15
For months, the network's conservative analysts have attributed the stock market's steady climb to President Donald Trump's policies and promises and have celebrated the market's health as an economic boon to regular Americans.
Wall Street stocks endured a brutal session on Monday, with the Dow seeing one of its steepest ever one-day point drops, as the heady bullishness of early 2018 gave way to extreme volatility. Though Trump's approval ratings have improved, to the low 40% range in some recent polls, he remains in a position that historically has been perilous for presidents in midterm polls.It's always possible stocks could go back on a tear in the weeks to come. Or maybe even President Trump.
Larry Nassar Sentenced to 40 to 125 Years Order by Judge
She asked anyone who enabled Nassar to prey on young women for as long as he did to come forward and explain how that happened. All told , well over 200 women allege that Nassar sexually assaulted them under the guise of providing medical treatment.
During his wide-ranging remarks on Monday, Trump criticized House Democratic leader Nancy Pelosi of California for describing as "crumbs" the bonuses of $1,000 or more that some companies, including where he spoke, are giving their workers as a result of the tax cuts. And if you invest, don't panic. So how did the White House respond? Press chief Sarah Huckabee Sanders said similarly that the "president's focus is on our long-term economic fundamentals, which remain exceptionally strong". That's for the best: Presidents can tilt markets through war or trade decisions, experts say, but the Federal Reserve holds more sway over daily trading prices. "Why not? I mean, they certainly didn't seem to love our country very much".
A source familiar with the matter added that Bannon would instead answer all of special counsel Robert Mueller's questions as part of his investigation. During his speech, he brought up individuals to explain how they'll be spending their new money, accused Democrats of treason for not cheering him at the State of the Union and claimed they "caught them" with the Nunes memo.