Reprinted with permission from Alternet.
In a muddled, dishonest, rambling news conference from the White House press briefing room, President Donald Trump for over an hour talked to reporters Wednesday evening about coronavirus in an attempt to stave off three days of market near-collapse. He lied. He twisted the truth. He displayed little grasp of basic facts. He didn't let the experts run the show.
He instilled no confidence Wednesday night. In fact, the DOW futures dropped as Trump began speaking:
Dow Futures dropped when Trump said the market fell 2k points because of the Dem debate https://t.co/cvbviB2l9a— Evan Siegfried (@Evan Siegfried)1582762572.0
The markets on Thursday rewarded his efforts with the DOW posting the largest single-day loss in history.
BREAKING: Dow Jones Industrial Average records worst point drop ever on record, plummeting nearly 1,200 points… https://t.co/3f0w5QyPQQ— CNBC Now (@CNBC Now)1582837316.0
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