Fox Business: Markets ‘Hate’ Trump Tariffs
This post was originally published on this site
Fox Business Network host Stuart Varney, a rabid Trump supporter, opened his program by saying Wall Street and stock markets hate Trump tariffs
We are seeing a decline of thousands of points because of Trump’s moronic tariffs, and Varney did not try to put lipstick on the pig when he opened his program.
VARNEY: Here’s the response from Wall Street.
Hate it.
Dow Industrial is likely to be down 1,200 points at the opening bell.
That would be 3%.
The S&P 3.7% down.
The Nasdaq up maybe 900 points.
That is 4.5%.
Spectacular declines across the board.
Varney’s producers were so flummoxed they put up the wrong graphic on-air when discussing retailers.
Was this a way to put some green on the board?
Then Varney did his best to soften this blow.
Economists? They’re largely skeptical that the tariffs will produce a new golden age of prosperity.
Ya, think?
Holy hellfire stock market crash, Batman.