The Dow Jones Industrial Average saw its steepest ever one-day point drop, wiping 4.6 per cent off the value of America's 30 largest companies to finish at 24,345.75, havingat one point plummeted almost 1,600 points to a low of 23,923.88. "Un-American. Somebody said, 'Treasonous.' I mean, Yeah, I guess, why not", the President said.
The insane stock market isn't dampening Treasury Secretary Steven Mnuchin confidence in the nation's economy.
White House spokesman Raj Shah, in an adjustment to the administration's message on stocks, told reporters aboard Air Force One en route to Trump's speaking event in Ohio, "Look, markets do fluctuate in the short term". You might have heard about them from President Trump.
While there could be various factors behind the market's volatile plunge the last several trading days, Trump has frequently credited himself for the market going up, seemingly with little regard for the fact that it can also move in the other direction.
But for Trump, who has constantly boasted about nearly daily record highs on Wall Street since his election and told Americans that he alone is responsible for their healthy 401 (k) balances, the mismatch was even more pronounced. For a year, he took credit for stock market gains that were the continuation of a nine-year bull market (a market he had called a "bubble" before assuming the presidency).
Including boasts he has made in speeches, he has celebrated stock market gains roughly 100 times.
President Donald Trump has repeatedly touted the strong stock market performance since his election victory as key proof of his success.
"I believe the stock market from that level, the initial level, would have been down close to 50 percent", he said.
In Illinois, reality is catching up with Trump, and Republicans, in a less amusing way. The White House had dubbed it the "Trump bump". But what goes up inevitably must come down.
This prompted fears about an increase in inflation, meaning the Federal Reserve would have to raise interest rates to control it, prompting traders to ditch shares. Since stocks tend to attract the wealthiest of Americans, highlighting rampaging stock values always seemed an odd way for him to connect to the "forgotten men and women", who helped put him in the White House.
The auto could be traveling between Earth and Mars' neighborhoods for a billion years, according to the high-tech billionaire. The three booster rockets used by Falcon Heavy to generate this power will land back on Earth, if all goes according to plan.
The 27-year-old scalped his maiden ODI five-wicket haul, dismissing the likes of Quinton de Kock , JP Duminy, and Khaya Zondo. However, India were simply too good for them on Thursday night with Kohli recording his 18th century in successful chases.
Counsel to Lee expressed his "respect for the court's courage and wisdom to give a not guilty verdict of key charges". On Monday, Seoul High Court slashed Lee's sentence to two and a half years and also suspended it.
Avengers 4, due May 2019, will be his fourth appearance as Black Panther , so there's room for another chapter for the character. Coogler called him " Black Panther's version of Obi-Wan Kenobi", and a tie-back to T'Challa's father, T'Chaka.
Despite losing the first leg at Espanyol , 1-0, Barcelona won the tie thanks to a 2-0 victory in Camp Nou . But, with Ernesto Valverde throwing Messi into the fray Barcelona did manage to get back on to level terms.
It is the sixth most common cause of cancer death in the UK according to 2014 figures from Cancer Research UK. Also the International Agency for Research on Cancer at the World Health Organization reports the same.
So in as much as stakeholders are heavily spending on ads, their audience is also responding very well to what they are offering. In addition to this, there’s a wide variety of games which the platform offers to cater for all types of gamers.
He asked them to chalk out plans to get the maximum benefits from the schemes announced by the Centre for all the states. People are dissatisfied because there is no specific mention of state issues in the Union Budget.
He calls Butler the best defender ever and says the Patriots gave up the most yards ever in a Super Bowl because of his absence. Due to the unusual circumstances surrounding Butler's absence during the Super Bowl the Texans will need to tread lightly.
Trump promotes GOP tax bill in Ohio
The episode highlights the political risk Trump runs tying his presidency too closely to a bull market. The president went to the Sheffer Corporation in Blue Ash, a suburb north of Cincinnati.
Services business index rises to 51.7 in January
Monday's data completes a hat-trick of worse than forecast PMI surveys for the three major sectors of the British economy. GETTYThe index from IHS Markit was expected to inch higher from 54.2 to 54.3, but instead dropped to 53.
Season of Big Bash was expanded
Female Rebel BBL starts their season from the 9th f December, which is 10 days earlier from the male season of KFC BBL games. Fans of cricket across the world can see the online stream at the official Australian cricket website, and throw its app.