Trump Calls Market Crash the Worst Day, Blames Democrats
After a Wednesday surge tied to Democratic wins, the market plunged Thursday, prompting the president to point fingers at the opposition.
The market rallied Wednesday, climbing 1,104 Dow points after the opening bell, a boost that came on the heels of Democratic victories in the midterm elections.
The very next day the Dow tumbled by more than 2,100 points, wiping out the gains and sending the market into a sharp decline.
President Trump described Thursday’s slide as one of the worst days in history and told voters that "you only have yourselves to blame," accusing Democrats of causing the plunge.
CBS News business analyst Ann Berry and commentator Aaron Navarro broke down the president’s reaction for the network, highlighting the political angle of the market’s volatility.
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Original reporting
The Hill
Trump on stock market losses: ‘You only have yourselves to blame’
President Trump said the stock market “suffered one of the Worst Days in History” on Thursday, a day after it surged following Democrats’ sweeping victories in the midterm elections. The Dow Jones Industrial Average went up by 1,104 points on Wednesday after the opening bell. But on Thursday, it dropped by more than 2,100 points from…
Read the original →CBS News
Trump blames Democrats for the massive stocks plunge. Here's what to know.
President Trump is blaming Democrats after an excruciating day for the stock market. CBS News business analyst Ann Berry has more, and Aaron Navarro breaks down the president's reaction.
Read the original →
Facts this version was allowed to use
- President Trump said the stock market "suffered one of the Worst Days in History" on Thursday.
- The stock market surged on Wednesday following Democrats' victories in the midterm elections.
- The stock market dropped on Thursday, a day after surging.
- The Dow Jones Industrial Average went up by 1,104 points on Wednesday after the opening bell.
- On Thursday the Dow dropped by more than 2,100 points.
- The Hill headline quotes Trump: "You only have yourselves to blame."
- President Trump is blaming Democrats for the stock market plunge, according to CBS News.
- Ann Berry is a CBS News business analyst.
- Aaron Navarro breaks down the president's reaction for CBS News.
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