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‘Pretty brutal day on Wall St’: CNN explains impact of Trump’s trade wars and Twitter tirades

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President of the United States Donald Trump speaking with attendees at the 2019 Teen Student Action Summit hosted by Turning Point USA at the Marriott Marquis in Washington, D.C. (Credit: Gage Skidmore/Flickr)

On Friday, President Donald Trump went on a Twitter tirade against China.

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The president seemed triggered by recent reports that his trade wars with China are hurting key U.S. industries and destabilizing the stock market.

Even as most economic indicators point to the president’s erratic trade policy as the driver of market instability, the president has resorted to blaming the head of the Federal Reserve.

On Friday, CNN explained how the president’s behavior is wreaking havoc on Wall Street.

“Those tweets, plus China’s new tariffs equal a pretty brutal day as you can see on Wall Street, with the Dow tumbling,” CNN’s Brooke Baldwin explained. The Dow dropped over 500 points Friday. As Barron’s reports, Powell had actually eased fears in the market, right before Trump revved them up again.

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“Trump didn’t stop with China or its president, who he compared to Federal Reserve chairman Jerome Powell, the man Trump nominated to lead the agency two years ago.”

“Today, President Trump asked whether Jerome Powell or President Xi was the biggest enemy of the U.S.” She added.

Watch:

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GOP’s use of Kanye West to help Trump has been a spectacular flop: CNN host

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On CNN Saturday, Michael Smerconish examined rapper Kanye West's presidential campaign — and how the GOP efforts to boost it to siphon voters from former Vice President Joe Biden don't appear to be working.

"Is Kanye West serious about running for president or is it all part of a dark twisted fantasy?" said Smerconish. "NPR has documented how several operatives, some with Trump ties, are actively helping the superstar get on general election ballots in various states. Kanye West officially on the ballot in Vermont, Colorado, Oklahoma, and Arkansas, and has filed recently in Ohio, Wisconsin, and Iowa. Jared Kushner met privately with West in Colorado, where the two par took in a friendly conversation ... the RNC and Trump has denied involvement in West's campaign. but the president isn't exactly discouraging the competition."

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Maddow reveals how one state stood up to Trump’s USPS cuts — and won

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MSNBC anchor Rachel Maddow's opening segment on Friday focused on a positive story of political pressure stopping one of the Trump administration's attacks on the U.S. Postal Service.

Maddow reported how NBC Montana reporter Maritsa Georgiou had doggedly reported on the removal of postal boxes in Missoula, where she is based. Missoula has been a long-time Democratic Party stronghold.

Montana has a competitive U.S. Senate election in 2020, with Democratic Gov. Steve Bullock challenging first-term Republican Sen. Steve Daines.

As Georgiou chased the story, she learned there were also plans to remove boxes in the battleground of Billings. And more planned for the blue town of Bozeman. And other towns.

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2020 Election

Pepsi joins the chorus of people dunking on Tucker Carlson over Kamala Harris

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The Pepsi soda company mocked Fox News personality Tucker Carlson on Friday evening.

On Tuesday, Carlson flipped out after a guest attempted to teach him how to pronounce the name of Sen. Kamala Harris (D-CA), who is running for vice president on Joe Biden's ticket.

Video of the exchange was posted on Twitter by Nikki McCann Ramirez, a researcher at the watchdog group Media Matters for America.

Tucker Carlson loses it when a guest corrects his pronunciation of Kamala Harris's name pic.twitter.com/1fHIrPGuwN

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