Trump's bid to 'calm the markets' failing as he now has 'zero credibility' on Iran: expert

Any hope that Donald Trump might have that he can reassure Wall Street that the war in Iran is going well is quickly falling by the wayside as investors and financial advisers turn a deaf ear to the president's victory boasts.

As Joe Scarborough put it on Monday, the president has failed to "calm the markets."

On MS NOW’s “Morning Joe,” co-host Jonathan Lemire spoke with contributor Katty Kay and remarked, “I just think we have to be clear here: The president of the United States has zero credibility in terms of how this war is going. He has declared victory about two dozen times.”

“He also, he's shifting timetables, he's shifting goals,” he added. “And the Iranians seem to be realizing they might be able to wait him out. And Trump is saying so often about trying to sound optimistic for the markets. The last handful of days, the markets seemingly haven't listened, despite the good news coming out of Trump's mouth.”

“Yeah,” Kay replied. “The president keeps saying and has done several times over the course of the last few days, we've won, putting that in the past tense and that there has been regime change. But as you pointed out, the markets don't seem to be buying that.”

“I spoke to an economist over the weekend who said to me, traders aren't really buying the TACO [Trump Always Chickens Out] trade anymore,” she added. “They think this is an escalate situation. They're looking at all of these American forces coming into the region.”

“As we found, this is not Venezuela and the regime has not changed,” she pointed out. “Nobody else buys the idea that the regime has changed just because the president and Karoline [Leavitt] say that we've got rid of the people at the top.”

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