President Trump himself hasn't addressed Monday's miserable day for the stock market, but two White House officials made a point to downplay the trouble and emphasize perspective. "America is once again open for business". But it's now too late for President Trump and his surrogates to adopt a similarly bland and consistent response to Wall Street's gyrations.
In an interview previous year with The Associated Press, Trump seemed to recognize the risk of pointing to the markets as a sign of progress.
One White House aide told CNN'sJeff Zeleny that it was jarring to see Fox ditch the President's speech when the market free-fall hit 1,000 points.As Trump slammed Democrats in Blue Ash, Ohio, and celebrated robust job creation along with rising wages, the Dow Jones Industrial Average tanked 1,600 points at one point, before recovering on a volatile day to a record loss of a 1,175 point tumble, or 4.6%. The last biggest intraday point dive came on September 29, 2008, when the Dow fell 777 points. "Look markets do fluctuate", said deputy White House press secretary Raj Shah. The current conventional market wisdom is that the fundamentals of the economy and corporate profits, a key driver of valuations, are likely to remain solid, as is this rare period of synchronized global growth.
During his wide-ranging remarks on Monday, Trump criticized House Democratic leader Nancy Pelosi of California for describing as "crumbs" the bonuses of $1,000 or more that some companies, including where he spoke, are giving their workers as a result of the tax cuts.
Trump's event Monday in Cincinnati is part of the President's latest effort to tout the tax cuts he and Republicans in Congress delivered late previous year.
This afternoon, President Donald Trump was in OH to speak to workers at a manufacturing plant and tout the recently passed tax cuts and the strength of the economy in general. One wonders if this sell-off continues, will the president take the same level of ownership with the slumping market?
News networks, many of which had been airing a Trump speech live from OH where the president had gone to promote the Republican tax reform plan, interrupted the programming to break the news.
According to her, the high manufacturing PMI that was seen in November and December was mostly due to the base effect. The services sector is more labor-intensive than manufacturing, and policymakers are counting on it to create jobs.
Monster Hunter World continues to be a roaring success for Capcom , with it now having shipped over 5 million units worldwide. The update requires 81 MB of space on PlayStation 4, though the space required for the Xbox One version was not detailed.
Naseem said that Yameen had also removed police oommissioner Ahmed Areef after he refused to delay the enforcement of the verdict. The apex court also reinstated 12 members of Parliament who had defected to the Opposition and lost their seats a year ago .
The Pentagon-led review of the USA nuclear arsenal and the policies that govern it was ordered by Trump a year ago. Iran has become the latest nation to lambast the U.S. over its new nuclear policy document release .
The Cloverfield Paradox stars Elizabeth Debicki , Daniel Bruhl , Gugu Mbatha Raw , Chris O'Dowd, Zhang Ziyi and David Oyelowo . The first trailer for the highly-anticipated " Cloverfield " sequel has finally arrived during the Super Bowl .
Pep Guardiola hailed a near-perfect performance from Manchester City , despite being held 1-1 by Burnley at Turf Moor. A handsome counter from City then saw Aguero tee up Sterling but under pressure he put his shot over.
The first came in the 31st minute, Mee left unmarked following a free-kick but hitting his volley too close to Ederson . City took the first half lead as Brazilian Danilo struck from outside the box midway in the 22 minute.
The incident appeared to begin in the 62nd minute when Lallana and 19-year-old George Marsh slammed into one another. Adam Lallana has been sent off while playing for Liverpool Under-23s because of an angry reaction to a challenge.
The foreign minister added that the Afghan delegation, which visited Islamabad on Wednesday, had productive talks with Pakistan. Crucially, any talks would also require a U.S. administration that knows what it wants to say.
IPhone X Plagued by Incoming Call Bug
It is said that there will be a 6.1-inch LCD device as well as two OLED devices, one at 6.3 inches and another at 5.8 inches. Taiwanese contract manufacturer Wistron makes iPhone SE for Apple as semi-knocked down units at a Karnataka-based facility.
Israel legalises outpost after settler shot dead
On January 9, Havat Gilad resident Rabbi Raziel Shevah was shot dead from a passing vehicle as he drove near his home. The organization referred to the move as a "cynical exploitation of an abominable murder".
Suspect in LA school shooting believed to be 12
The shooting was in the Westlake District, a heavily populated area just northwest of downtown Los Angeles . Two students were hit directly by gunfire and three other victims were hit by shrapnel, police said.
Secret missile defence test by USA military fails
U.S. defence officials are said to be looking for sites on the country's west coast to deploy new anti-missile systems. The false warning, which comes amid continued tensions with North Korea, set off panic on the islands.