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Larry Kudlow: Trump ‘was very calm’ while stock market plummeted in response to Fed rate cut

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Director of the National Economic Council Larry Kudlow insisted on Monday that President Donald Trump had been “very calm” on Monday while the stock market plummeted over concerns about the novel coronavirus pandemic.

After the president announced on Sunday that the Federal Reserve had cut rates, the market responded by dropping more than 7% before trading was temporarily halted on Monday.

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Kudlow told reporters on Monday morning that Trump had not gotten upset.

“He was very calm about the market,” the adviser said. “It is what it is.”

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WATCH: Woman caught on video unleashing racist rant against Vietnamese restaurant owner

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A woman unleashed a racist rant at a business owner in a Kroger parking lot in Houston, Texas, and the incident was captured on video.

The owner of a Vietnamese restaurant identified as "Sammi" told ABC13 that when she went outside her business to investigate a commotion, she encountered the woman.

In the video, the woman, who is pushing a shopping cart, yells, "Get out of our country!" in addition to other profanities.

"You!" the woman yells. "Get out of the United States, you ugly [expletive]."

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2020 Election

Trump’s last-ditch 2020 strategy is based on a perverse fantasy — and it’s scary as hell

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Thursday night, the access journalism team at the Washington Post published a piece declaring that Donald Trump intends to "reopen much of the U.S." in May.

This article was originally published at Salon

"The Trump administration is pushing to reopen much of the country next month," Matt Zapotosky, Josh Dawsey, Jose A. Del Real and William Wan report, noting that Trump, behind "closed doors," has "sought a strategy for resuming business activity by May 1."

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2020 Election

Trump’s COVID-19 crisis has brought out his inner authoritarian — and his corruption is about to get much worse: columnist

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In a column for the conservative Bulwark, popular novelist Richard North Patterson explained that, while Donald Trump has always exhibited authoritarian tendencies, his fading chances of being re-elected due to his bumbling response to the coronavirus pandemic have now brought out his ugliest side and that he no longer feels constrained from flouting his corruption.

According to the author, "COVID-19 debilitates democracy: confining candidates, shutting legislatures, stifling peaceful assembly, curbing voter registration, and limiting personal engagement. As the pandemic proliferates, anxiety permeates an involuntarily passive populace. Donald Trump seems resolved to exploit this paralysis by squelching dissent, politicizing relief efforts, and corrupting the November election."

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