Dow Surges Past 30,000 As Investors Celebrate Biden’s Rise, Trump’s Demise
November 25 | 2020
Photo by samxmeg/ iStock
Reprinted with permission from DailyKos
In anticipation of Donald Trump's now-certain ouster, the Dow Jones surged past 30,000 during trading on Tuesday for the first time ever. The headlines are already precious.
"Wall St. trades in record territory as Biden transition begins," declared The New York Times.
<p>"Dow surges above 30,000 for first time as investors cheer transition to Biden administration," <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-biden-transition-yellen-value-rotation-economy-2020-11-1029834655" rel="noopener noreferrer" target="_blank" title="">wrote</a> Business Insider.</p><p>"Dow soars past 30,000 mark," <em>The Washington Post</em> <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-biden-transition-yellen-value-rotation-economy-2020-11-1029834655" rel="noopener noreferrer" target="_blank">announced</a>, adding in a subhead, "Investors cheer as the White House transition gets under way, and Janet Yellen is tapped for treasury secretary — steps seen as progress in stabilizing the economy."</p><script id="3d14008d7e044c36b256c61ff82728bb">
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</script><p>Simply put, investors are absolutely elated over Joe Biden's rise and Trump's demise. And for Trump, the historic stock market news and its context were clearly a killer. Within minutes of the headlines hitting on Tuesday, Trump called a spontaneous press conference in the White House briefing room so he could rush out and take credit for the surge.</p><p>In a matter of 64 seconds (yes, 64 seconds!), Trump let Americans know that the Dow's rise and steady vaccine advancements are all his doing. </p><p>"I just want to congratulate everybody. The stock market Dow Jones Industrial Average just hit 30,000, which is the highest in history. We've never broken 30,000," Trump told reporters, adding, "Never been broken, that number, that's a sacred number, nobody thought they would ever see it." (Ah, a Trump favorite—<em>the likes of which no one has ever seen</em>.)</p><div class="inarticle_ad_placeholder" data-aa-adunit="/5931858/NatMemo_RM/NatMemo_Middle_Desktop_2" data-aaad="true"></div>
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<div id="vid"></div><p>Trump claimed it was the 9th time in 2020 and the 48th time overall that his administration had broken records—it's unclear exactly which measures for those "records" were floating around in his slippery mind.</p><p>Trump also expressed being "thrilled" over progress on the coronavirus vaccines. "Nothing like that has ever happened medically," he added, suggesting that perhaps he's never heard of vaccines. </p><p>But Trump, ever magnanimous, said he simply wanted to come out and congratulate the people of the country. Then, 64 seconds later, he ran for the briefing room exits without taking a single question. </p><p>He will be missed.<br/></p><p><br/></p><div class="rm-shortcode" data-rm-shortcode-id="73051ce5dd3bc97b500954676b8a85a8" id="85c99"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1331292617028423680"><div style="margin:1em 0">Pres. Trump took to the briefing room for one minute to praise the stock market and left without taking questions:… https://t.co/ZcgM1gfcnq</div> — Alex Salvi (@Alex Salvi)<a href="https://twitter.com/alexsalvinews/statuses/1331292617028423680">1606239868.0</a></blockquote></div>
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Trump Makes ‘Weird’ Sudden Appearance Claiming Credit For Market Rise
November 25 | 2020
Official White House Photo by Tia Dufour
Reprinted with permission from Alternet
President Donald Trump baffled reporters on Tuesday morning with what appeared to be his shortest press conference, to date.
After giving reporters a brief "two minutes notice" according to CNN White House correspondent Kaitlan Collins, the president, along with Vice President Mike Pence, made his way to the White House briefing room on Tuesday. Once at the podium, he opted to boast about the Dow Jones Industrial Average hitting 30,000 despite the ups and downs the stock market has seen due to the pandemic. Trump had previously predicted that the stock market would tank if Joe Biden were elected president, as he has been.
<p>"I just want to congratulate everybody. The stock market Dow Jones Industrial Average just hit 30,000 which is the highest in history," Trump said. "We've never broken 30,000 and that's just despite everything that's taken place with the pandemic."</p><div class="rm-shortcode" data-rm-shortcode-id="2cbc6eb3a98e9941e5f66879c16191bb" id="e6e0b"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1331292912525725696"><div style="margin:1em 0">President Trump: "I just want to congratulate everybody. The stock market Dow Jones Industrial Average just hit 30,… https://t.co/5B9jwGPcGO</div> — CSPAN (@CSPAN)<a href="https://twitter.com/cspan/statuses/1331292912525725696">1606239939.0</a></blockquote></div><p>After a very brief period of rambling about stock market gains, the president abruptly exited without taking any questions from reporters. According to NBC News correspondent Peter Alexander, Trump's press briefing lasted only <a href="https://twitter.com/PeterAlexander/status/1331293803156738058" target="_blank">64 seconds</a>. The relatively bizarre press conference left reporters and viewers baffled. In fact, one reporter could even be heard saying, "Well, that was weird as shit."</p><div class="inarticle_ad_placeholder" data-aa-adunit="/5931858/NatMemo_RM/NatMemo_Middle_Desktop_2" data-aaad="true"></div>
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<div id="vid"></div><div class="rm-shortcode" data-rm-shortcode-id="e5b3975e792ff4bb487199e821be3e9c" id="6245b"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1331291788456448006"><div style="margin:1em 0">@Yamiche After he leaves, listen for the reporter saying "Well that was weird as shit." https://t.co/lrkjlEHx3h</div> — The Recount (@The Recount)<a href="https://twitter.com/therecount/statuses/1331291788456448006">1606239671.0</a></blockquote></div>PBS White House correspondent Yamiche Alcindor also took to Twitter with her reaction to the president's announcement.<p>"Very, very odd. Just as quickly as President Trump came into the briefing room, he left without taking questions and after praising his administration's work," she said. "He spoke briefly about the stock market gains and the COVID vaccine."</p><p><br/></p><div class="rm-shortcode" data-rm-shortcode-id="ceb12b130082dab18318da3cc44fc05c" id="2375a"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1331290284093812743"><div style="margin:1em 0">Very, very odd.
Just as quickly as President Trump came into the briefing room, he left without taking questions a… https://t.co/rIyscomrcQ</div> — Yamiche Alcindor (@Yamiche Alcindor)<a href="https://twitter.com/Yamiche/statuses/1331290284093812743">1606239312.0</a></blockquote></div><p>Trump's bizarre press briefing comes less than one day after his General Services Administration (GSA) Emily Murphy announced plans to move forward with transition to the Biden administration. There is speculation that the announcement may be the reason for Trump's seemingly odd behavior.</p><p>Under heightened pressure, Murphy released <a href="https://www.washingtonpost.com/politics/gsa-emily-murphy-transition-biden/2020/11/23/c0f43e84-2de0-11eb-96c2-aac3f162215d_story.html" rel="noopener noreferrer" target="_blank">a personalized letter to President-elect Joe Biden</a> on Monday, Nov. 23.</p><p><iframe __idm_frm__="5182" style="vertical-align: bottom; max-width: 100%; overflow: hidden; border-width: 0px; border-style: initial; width: 1px; height: 1px; box-sizing: border-box !important;"></iframe></p><p>"I have always strived to do what is right," she wrote to Biden. "I was never directly or indirectly pressured by any Executive Branch official — including those who work at the White House or GSA — with regard to the substance or timing of my decision."</p>
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