Reporter Asks Trump Straight-Up If He’s ‘Crashing the Markets on Purpose’ on Air Force One
CBS News White House correspondent Jennifer Jacobs straight-up asked President Donald Trump if he’s “crashing the markets on purpose” amid a disastrous week for the stock market.
The stock market dropped like a boulder as soon as the opening bell rang last Thursday morning after Trump announced his tariff program, and closed almost 1700 points in the hole — and that was before China announced reciprocal tariffs that sent futures crashing again.
At Friday’s closing bell, the Dow was down another 2200 points. Futures and foreign markets plunged over the weekend, setting up anticipation of another selloff at Monday’s open.
With analysts throwing around the c- word (“crash”), Trump reposted a video on Friday that included the claim he’s “purposefully crashing the market.”
On Sunday evening, Trump emerged into the press cabin aboard Air Force One to face questions from reporters for about fifteen minutes, during which the market turmoil came up repeatedly.
Jacobs asked Trump to address speculation he’s purposefully crashing the market fueled by the video he posted saying he was “purposefully crashing the market”:
JENNIFER JACOBS: On the idea of crashing the markets on purpose, there’s been some speculation, partly because of the video that was posted on True Social, that there was some sort of deliberate effort on your part to have the market sell off.
Can you talk about that with us?
PRESIDENT DONALD TRUMP: No, that’s not so. But I do want to solve the deficit problem that we have with China, with the European Union and other nations.
And they’re going to have to do that. And if they want to talk about that, I’m open to talking.
But otherwise, why would I want to talk?
And as you know, because of the tariffs, we have $7 trillion already committed to to be invested in the United States building auto plants, building chip companies, and all sorts of companies are coming into our country at levels that we’ve never seen before.
Biden had nothing coming, and he was a dead company with– this was a dead country with Biden. He didn’t know what he was doing, and that’s now been proven at least.
Watch above via C-SPAN.
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