On Wednesday, the Dow Jones Industrial Average fell by 800 points, its worst day of 2019.
Although President Trump continues to tout a strong economy, analysts have concerns that his trade wars with China might cause a major recession.
On CNN Thursday, Moody’s analyst Mark Zandi explained that with each passing day, Trump risks having the economy slump into a recession he won’t be able to fix.
“Yeah, sure, the president could tweet that he had a call with president Xi of China and they came to some kind of arrangement and they’re going to wind down the trade war,” he said. “I don’t think it will be a substantive agreement, nothing that will change the grievances that we have with China but it will be a face-saving arrangement and I think that will be enough to quell the uncertainty and keep the economy moving forward,” he added.
“But having said that, to your metaphor, I think with each passing day that the president doesn’t send out that tweet, the more likely he’s not going to be able to turn this thing around and the recession will take on its own dynamic and no matter what he does, he won’t be able to turn it around.”
CNN panel mocks the White House for promoting a photo of Trump looking ‘subservient’ to Pelosi
The White House posted a series of photos of House Speaker Nancy Pelosi (D-CA) Wednesday after their meeting, showing Pelosi being the only person in the room literally standing up to President Donald Trump. It was an image that baffled the mind of at least one CNN panelist as to why the Trump people would be promoting Pelosi.
According to reports from those who were in the room, the president flew off the handle after Pelosi quipped that it seems all roads lead back to Russia for this president. It was at that point that Trump called Pelosi a "third-grade politician," though presumably, he meant "third-rate," and the meeting broke apart.
Max Boot calls BS on Republicans for trying to claim Syria is Nancy Pelosi’s fault because of impeachment
President Donald Trump is conducting foreign policy like a 1980s television character, according to conservative Washington Post columnist Max Boot.
In a panel discussion about the letter Trump sent to Turkish President Recep Tayyip Erdo?an, Boot mocked Republicans for suddenly trying to claim that Trump's withdrawal from Syria was Speaker Nancy Pelosi's fault because of impeachment. It is unclear if Republicans are confessing the president is too distracted by impeachment to be making foreign policy decisions or if they are blaming Pelosi for military decisions.
"I mean there's a lot of really lame Republican talking points out there, Don," Boot said to CNN host Don Lemon. "But to suggest, as Rep. Liz Cheney and others have done that somehow Trump's inexplicable decision to give the Turks the green light to invade Syria — that was somehow the fault of Nancy Pelosi because of the impeachment process? What?"
Ex-counterintel official explains how lobbying laws could bring down Rudy Giuliani
On Wednesday's edition of CNN's "Cuomo Prime Time," former Justice Department counterintelligence official David Laufman explained to Chris Cuomo how President Donald Trump's attorney Rudy Giuliani could go down for violations of the Foreign Agents Registration Act (FARA).
"Why does this matter, this area of the law?" asked Cuomo.
"This was a statute enacted in the 1930s in response to pro-Nazi German elements of the United States, engaged in subversive propaganda activities so that the U.S. people or lawmakers when confronted with content, whether lobbying or an op-ed, can make an informed assessment based on who the real party is behind it," explained Laufman. "If it's a foreign party, the American people should be able to take that into account and assigning whatever weight they want."