Stocks drop after President Trump calls off stimulus talks

[HumblePi]

Stocks drop after President Trump calls off stimulus talks
https://www.fox23.com/news/stocks-drop-after/4TY3H2PZVEQ7MCNBPJ24LUSIUA/


NEW YORK — (AP) — Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The Dow Jones Industrial Average swung instantly from a gain of about 200 points to a loss of about 300 points. The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support “would lead to a weak recovery, creating unnecessary hardship for households and businesses.”

THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.

Stocks are drifting in afternoon trading on Wall Street Tuesday, as the market’s momentum slows following the S&P 500’s best day in more than three weeks and another rocky stretch of trading.

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Hey Mr. and Mrs. America and Hey mister average shop keeper, barber shop or deli... the president just sent you a message, the message is 'screw you'.

 

[Greenbeard]

Sort of like when he took full responsibility for a massively unpopular government shutdown. Brilliant strategy.

 

[Torus34]

Stocks drop after President Trump calls off stimulus talks
https://www.fox23.com/news/stocks-drop-after/4TY3H2PZVEQ7MCNBPJ24LUSIUA/


NEW YORK — (AP) — Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The Dow Jones Industrial Average swung instantly from a gain of about 200 points to a loss of about 300 points. The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support “would lead to a weak recovery, creating unnecessary hardship for households and businesses.”

THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.

Stocks are drifting in afternoon trading on Wall Street Tuesday, as the market’s momentum slows following the S&P 500’s best day in more than three weeks and another rocky stretch of trading.

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Hey Mr. and Mrs. America and Hey mister average shop keeper, barber shop or deli... the president just sent you a message, the message is 'screw you'.

That's our one and only president, incidentally one of the great ones. Who does Chairman Powell think he is, hinting that Congress and the President of the United States of America, Donald Trump, should do something like spend money? Does he think he knows more about the economy than the president? Has he lost his senses? Should he be impeached?

You show 'em, President Trump. Your loyal supporters love you! Don't send people a dime for stimulus!

Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.

 

[Chuck9788]

Under President Trump the stock market went from 18,300 points (the day he took office) to over 30,000 points. It sits at 27,750 points today.

Just yesterday the stock market rose 465 points. Democrat and media reaction? ..... silence.

Today the market lowers 300 points and the Democrats are trying to create hysteria. Such underhanded people.


#TRUMP2020

 

[HumblePi]

Under President Trump the stock market went from 18,300 points (the day he took office) to over 30,000 points. It sits at 27,750 points today.

Just yesterday the stock market rose 465 points. Democrat and media reaction? ..... silence.

Today the market lowers 300 points and the Democrats are trying to create hysteria. Such underhanded people.


#TRUMP2020

You just proved a point, the stock market rose because Trump gave the billionaires a great big tax cut. The most important reason is because Trump announced to lower the corporate tax rate from currently 35% down to 15%. The Dow Jones represents just 30 companies, and these are the companies that profited the most from the largest tax decrease for the wealthy in decades.

The best-performing companies, in terms of share prices, have been those that benefitted directly from Trump’s reductions in financial regulation and loosening of restrictions on energy production, and the detention and deportation of undocumented immigrants. Do you really believe that you mattered to Republicans or to Trump, really? The Democrats are trying to give more stimulus money to the little guys, like you and me, and not filter off 90% of it to big, wealthy corporations like the last one did. That's exactly why men like Mitch McConnell don't want to pass the democratic plan, it gives away too much money to ordinary people that are desperate.

 

[Greenbeard]

Under President Trump the stock market went from 18,300 points (the day he took office) to over 30,000 points. It sits at 27,750 points today.

Just yesterday the stock market rose 465 points. Democrat and media reaction? ..... silence.

Today the market lowers 300 points and the Democrats are trying to create hysteria. Such underhanded people.


#TRUMP2020

The millions of struggling Americans to whom Trump is denying aid and the businesses he's dooming to extinction are the problem here, not the DOW.

 

[SenorXm/Sirius]

When the DOW went up under Obama the Republicans swore he had nothing to do with it.. With Trump, BTW that's pretty much all they got to point to now, the DOW...... But now of course they give the president 100% credit when it goes up...

Anyway businesses are hurting, small businesses especially, but hey the big boys got their tax cut in 2017, so F the little guys and the small businesses.. That's the Trump way. The GOP tied themselves to Trump, lets hope to God they sink to the bottom with him.. Any working person who votes Republican next month is a fool...

 

[ultmd]

Under President Trump the stock market went from 18,300 points (the day he took office) to over 30,000 points. It sits at 27,750 points today.

Just yesterday the stock market rose 465 points. Democrat and media reaction? ..... silence.

Today the market lowers 300 points and the Democrats are trying to create hysteria. Such underhanded people.
#TRUMP2020

Underhanded?

At this point in Obama's 1st term, the stock market had increased by 64%, compared to just 43% at this point under Trump.
https://www.macrotrends.net/2481/stock-market-performance-by-president



Under President Obama, the stock market rose 149% in 8 years....an AMAZING feat, given the shit-show he inherited from the GOPer who preceded him).

The simple FACT is that almost EVERY major economic indicator that Trump attempts to take credit for, is simply a continuation of the trend created BY Obama, which Trump inherited FROM Obama.

You want to talk about "underhanded people"? I'd say the your remarks, above, are about as disingenuous or "underhanded" as it gets.

 

[HumblePi]

Same day, just hours later, Trump backtracks on his previous opinion on a stimulus package. Daddy McConnell must have yelled at him

 

[joluoto]

The stock market is not the real economy, so who cares.

 

[Chuck9788]

When the DOW went up under Obama the Republicans swore he had nothing to do with it..

Not me.

What's interesting though is how the far left Democrats (who hate Wall Street) to this day have ignored that Obama was a "corporatist".

 

[Chuck9788]

Guys, Obama left Trump a stock market at 18,300 points.

Trump turned that into over 30,000 points.

This is a fact that can not be denied.

 

[Luther]

Guys, Obama left Trump a stock market at 18,300 points.

Trump turned that into over 30,000 points.

This is a fact that can not be denied.

And Trump didn't come out of the Greatest recession since the Great depression right?

 

[Jean-s]

Under President Trump the stock market went from 18,300 points (the day he took office) to over 30,000 points. It sits at 27,750 points today.

Just yesterday the stock market rose 465 points. Democrat and media reaction? ..... silence.

Today the market lowers 300 points and the Democrats are trying to create hysteria. Such underhanded people.


#TRUMP2020

What happens in the stock market is not important to most people.

 

[NerdcoreSteve]

Stocks drop after President Trump calls off stimulus talks
https://www.fox23.com/news/stocks-drop-after/4TY3H2PZVEQ7MCNBPJ24LUSIUA/


NEW YORK — (AP) — Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The Dow Jones Industrial Average swung instantly from a gain of about 200 points to a loss of about 300 points. The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support “would lead to a weak recovery, creating unnecessary hardship for households and businesses.”

THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.

Stocks are drifting in afternoon trading on Wall Street Tuesday, as the market’s momentum slows following the S&P 500’s best day in more than three weeks and another rocky stretch of trading.

------------------------------------------------------------------------------------
Hey Mr. and Mrs. America and Hey mister average shop keeper, barber shop or deli... the president just sent you a message, the message is 'screw you'.

I have to think that bubble's gotta burst at some point. Might as well be now.

 

[rickc]

Trump

You only get your stimulus check if you reelect me!

Stock market drops

Stimulus talks are back on

Where is trump's focus?

Trump and the Republicans aren't interested in helping the average Americans. Never have been!

 

[Luther]

I have to think that bubble's gotta burst at some point. Might as well be now.

Yep

 

[Casper]

The stock market is not the real economy, so who cares.

Trump watches the markets like a hawk, and he has already backtracked on his statement. but once again the damage is done, even Republicans are starting to see he cannot be trusted.

 

[Casper]

And Trump didn't come out of the Greatest recession since the Great depression right?

That was done by the previous administration over 8 long years, trump just rode the ride as it continued to climb. All the numbers support that fact. Oh and just one reminder, the Markets are not the sign of a healthy economy, markets can be up and the Nation can be struggling to stay afloat.

 

[Luther]

That was done by the previous administration over 8 long years, trump just rode the ride as it continued to climb.

That correct but I don't give credit to any admin

The economy was coming back on it's own

 

[SenorXm/Sirius]

Guys, Obama left Trump a stock market at 18,300 points.

Trump turned that into over 30,000 points.

This is a fact that can not be denied.

When Obama left office on Jan 20, 2017, the Dow closed at 19,827. Up from 6,400 in March of 2009... A gain of over 13,000 points.

BTW I retired at 55 because I did NOT hate Wall street... Actually I know many democrats who don't hate WS... so your generalization, like your facts about the DOW when Obama left office, is mistaken..

 

[Chuck9788]

Trump and the Republicans aren't interested in helping the average Americans. Never have been!

Under President Trump just every demograghic enjoyed record unremarkable unemployment.

President Trump did not send us to war. Instead he brought troops back home from Syria and Afghanistan.


Does that help average Americans?

 

[ultmd]

Guys, Obama left Trump a stock market at 18,300 points.

Trump turned that into over 30,000 points.

This is a fact that can not be denied.

Still lying, I see. Trump has never seen ONE DAY at 30,000, much less "over 30K".

Do you think everyone is as blindly trusting of your rhetoric as the average ignorant Trumpster, or what?

In REALITY, Obama left office with the Dow at 19,827 (not 18,300) and Trump has NEVER seen a day of 30,000 during his 33 months in office (it's at 28, 580 today).

But since my last response to you left you speechless, I'll just repeat for you:

The FACT is that the market increased by 64% at this point in Obama's first term in office, compared to Trump's 43% today. And during Obama's 8 years, the market increased by an astounding 149%. So, by ANY measure, this is yet another example of Obama as the better man, with the much better record, than your dear Fuhrer, Trump.

Tell THAT to your "guys", ok?