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’s trying ‘to get under Trump’s skin’: Reporter Olivia Nuzzi outlines Joe Walsh’s impact on 2020
Republican strategist Shermichael Singleton explained during an MSNBC panel discussion that former Rep. Joe Walsh isn't likely to peel away many voters from Trump as someone who is "Trump-light." New York Magazine reporter Olivia Nuzzi, however, thinks Walsh with have a more significant impact, whether or not he can win the primary race.
During a CNN panel discussion, Nuzzi similarly noted that Walsh's primary purpose could be to troll the president.
Boris Johnson ‘tremendously humiliated’ Donald Trump on a global scale at G-7 meeting: CNN analyst
United Kingdom Prime Minister Boris Johnson was one of President Donald Trump's favorite people to take over for Theresa May when she resigned this summer. But Johnson also mocked the U.S. president and humiliated him on a global scale, said New York Magazine reporter Olivia Nuzzi.
During a panel discussion on CNN Sunday, CNN's Ryan Lizza opened by saying that Johnson is in a tight spot as he's trying to negotiate Brexit while serving as an international leader to the G-7. Johnson also needs to negotiate a trade deal with Trump, but he clearly is going about it in the worst possible way.
‘That’s total nonsense’: Bill Kristol punches Santorum right between the eyes on Trump’s failing trade policy
CNN contributor Rick Santorum said he was personally offended on Sunday after conservative writer Bill Kristol attacked President Donald Trump's trade policy.
During a segment about Trump's trade war with China, Kristol noted that the president seems "demoralized" and "depressed."
"His economists have told him privately we're slowing down and we're at some risk of toppling into a recession," Kristol explained. "His political people have told him his numbers are going down not up."
The conservative writer pointed to Trump's racist attacks on black lawmakers as one mistake he has made.