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Fox’s Chris Wallace stunned as ‘flailing’ Trump tries to order around US companies while the stock market plunges

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Fox News Sunday host Chris Wallace seemed stunned by a series of angry tweets from Donald Trump on Friday morning, first attacking Fed Chair Jerome Powell for not lowering interest rates than exploding at China over a new round of tariffs.

Speaking with host Sandra Smith, Wallace sat and listened as she read off the president’s Twitter complaints about economic events beyond his control, including one telling U.S. companies to take their manufacturing business elsewhere.

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“We are just all learning of this at the same time, but the best I can tell, the American president can’t order U.S. companies how they’re going to do their sales and where they’re going to have their supply chains,” Wallace lectured. “We have a free-market capitalist system.”

“I don’t think the president can order a car company to move some of its factories from one place to another,” he continued. “He could impose tariffs or make it economically untenable, but he can’t sit there and order the CEO of the board — and my guess is most people in this country wouldn’t want to see the president be able to do this.”

Noting Trump’s inflammatory comments about Powell, calling him a “enemy” and comparing him to China’s leader Xi Jinping, Wallace said the president’s comments about one of his own appointees were concerning.

“We have to drill down on the statement, who was a bigger enemy to this country? The head of the Federal Reserve Jerome Powell who was appointed by President Trump, or Chinese president Xi?” Wallace asked.

He later asked, “When you have the president of the United States sort of flailing around this way and ordering companies to move back to the U.S. and saying that the head of the Federal Reserve is the enemy of the country, is that going to create more consumer confidence about the state of the economy or not?”

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Smith replied by pointing to a chyron showing the stock market tanking, while adding, “It’s creating more uncertainty in the market.”

Watch below:

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Impeachment: Trump’s ‘hearsay’ defense just crashed and burned

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In the panoply of contradictory and incoherent defenses of Donald Trump, a favorite of Republicans has been to harp on the claim that witnesses to Trump's extortion scheme against Ukraine were all "second-hand" or "third-hand." This has always been confounding, as the official summary readout of the famous phone call between Trump and Ukrainian President Volodymyr Zelensky shows Trump clearly conditioning military aid and U.S. support on Zelensky giving a public boost to Trump's conspiracy theories about former Vice President Joe Biden and other Democratic leaders. The witnesses so far have simply affirmed what the written record demonstrates amply.

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WATCH: Dejected Devin Nunes slumps back in his chair after he fails to yield his time to Elise Stefanik

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The top Republican on the House Intelligence Committee was visibly frustrated after once again getting shut down while attempting a parliamentary maneuver.

Rep. Devin Nunes (R-CA) has been attempting to ignore the rules governing the impeachment inquiry so that he can yield Republicans' time to fellow members of Congress, instead of just the professional GOP counsel.

Nunes has attempted to yield time to Rep. Elise Stefanik (R-NY), who has been raising re-election funds off of her outbursts in the hearings.

Once again, Nunes attempted to yield his time to a fellow Republican and once again Nunes was told that is against the rules.

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Mike Pompeo wants to run for Senate — but can’t figure out a graceful way to resign: report

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For months, Secretary of State Mike Pompeo has been dogged by rumors that Senate Majority Leader Mitch McConnell (R-KY) is trying to recruit him to run for Senate in his home state of Kansas — a claim that he has flatly denied.

Now, Time reports that multipler Republican sources have confirmed Pompeo does in fact have a Kansas Senate run on his radar. The only problem is that he can't figure out a graceful way to exit the Trump administration.

Pompeo, who has largely remained in President Donald Trump's good graces, has come under national scrutiny for his role in the Ukraine scandal, which has seen several foreign service officers and national security officials testifying that Trump set up a backchannel with his lawyer Rudy Giuliani to Ukrainian leadership to demand political help against former Vice President Joe Biden.

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