On Wednesday’s edition of CNN’s “OutFront,” anchor Erin Burnett broke down President Donald Trump’s seeming panic over the day’s 800-point Dow stock slide — and what it means for his case for a second term.
“Trump took to Twitter, sending nine tweets about the economy, including trying to spin the plunge in interest rates into a positive,” said Burnett. “The president tweeting ‘Tremendous amounts of money pouring into the United States. People want safety!'”
“Well, the president is right about this. Money is pouring into U.S. Treasuries,” said Burnett. “But that, as he well knows, is not a sign of strength tonight. That is a sign of deep recession fears. The lower the yield on benchmark Treasuries, the lower the interest rates, the higher the fear of economic crisis. And today the 30-year yield fell to its lowest level in history.”
“Markets also afraid of Trump and China’s trade war. And Trump took that head-on today too. The tweet ‘We are winning, big time, against China.’ Well, only time will tell on this. But as for winning right now, Trump’s war with China is hurting the United States, big time.”
“Trump knows the economy can make or break him. He knows this all too well,” said Burnett. “Just listen to Trump.”
“Last year, for the first in a decade, the United States was ranked the most competitive economy anywhere in the world,” said Trump in a clip.
“I made the economy so strong that nothing is going to stop us,” he said in another.
“Our country now has the hottest economy anywhere in the world,” he said in yet another.
“That’s not what the markets are saying tonight,” said Burnett. “And so Trump is blaming someone else, one of his favorite bogeymen, Jerome Powell for the market freefall. Another tweet moments ago: ‘China is not our problem, though Hong Kong is not helping. Our problem is with the Fed.’ Why blame China when you could blame someone in the United States?”
He ‘can’t understand why he is being impeached’: CNN reports Trump is asking ’why are they doing this to me?’
President Donald Trump is reportedly "distracted" by impeachment while vacationing at Mar-a-Lago as the United States Senate trial begins.
"A source close to the White House who speaks to Donald Trump regularly said the President has appeared 'distracted' by the impeachment trial that begins on Tuesday, telling people around him Friday night at Mar-a-Lago that he 'can't understand why he is impeached,'" CNN's Jim Acosta reported Saturday. "'Why are they doing this to me,' the source quoted Trump as saying repeatedly."
Rod Rosenstein’s legal defense in lawsuits from Strzok and Page won’t hold up under oath: legal experts
Former Deputy Attorney General Rod Rosenstein claimed responsibility for the release of text messages between then-FBI attorney Lisa Page and then-FBI official Peter Strzok.
Emails released in a Freedom of Information Act (FOIA) lawsuit by the watchdog group Citizens for Responsibility and Ethics in Washington (CREW) revealed the highly unusual release by Sarah Isgur Flores, who at the time was the spokesperson for Trump's Department of Justice (she is now overseeing CNN's 2020 election coverage).
Flores instructed reporters to not cite the release of the documents to the Depart of Justice.
GOP forcing Hunter Biden to testify could ‘completely backfire’ on them — here’s why
With public pressure mounting for Senate Republicans to allow officials like former National Security Adviser John Bolton and White House chief of staff Mick Mulvaney to testify at President Donald Trump's impeachment trial, some in the GOP are now suggesting a trade — allowing these witnesses in exchange for Hunter Biden, the focus of Trump's Ukraine conspiracy theories, to take the stand as well and face aggressive questioning about his role in Burisma. This is a GOP attempt to distract from the allegations against Trump by changing the subject to the Bidens.
But as CNN's Michael Smerconish noted on Saturday, this strategy might not even work.