Watch LIVE

Trump says Democrats 'making fools of themselves' to blame for stock market crash during briefing on coronavirus

News

'... when they look at the Democratic candidates'

ERIC BARADAT/AFP via Getty Images

President Donald Trump addressed a steep decline in the Dow Jones industrial average during a media briefing on the coronavirus on Wednesday and blamed Democratic candidates.

"Are you suggesting that was overblown, are financial markets overreacting here?" asked a reporter.

"I think the financial markets are very upset when they look at the Democrat candidates standing on that stage, making fools out of themselves," responded Trump.

"And they say, if we ever have a president like this, and there's always a possibility, it's an election, you know, who knows what happens," he continued.

"I think we're gonna win, I think we're gonna win by a lot," the president added, "but when they look at the statements made by the people standing behind those podiums, I think that has a huge effect, yeah."

Democratic candidates had participated in a debate the previous evening, where Democratic socialist front-runner Sen. Bernie Sanders (I-Vt.) touted his socialist economic policies.

The Dow Jones dropped more than two thousand points since Monday, which most analysts attributed to concerns of the virus affecting companies and workers abroad and threatening global supply chains.

Charles Payne, an analyst at Fox News Business, also claimed that the sell-off could be partially attributed to fears from financial markets that Sanders would take the Democratic nomination and get closer to implementing socialist economic politics.

Here's more from the corona virus briefing:

www.youtube.com

Most recent
All Articles