MARKET SNAPSHOT: Dow Drops Over 500 Points After Trump Says U.S. Companies Must Look For 'alternativ

[crazytown]

Source: Morning Star

MARKET SNAPSHOT: Dow Drops Over 500 Points After Trump Says U.S. Companies Must Look For 'alternative To China'

Fed's Powell leaves door open to rate cut, but gets blasted by Trump as 'enemy'

Stocks tumbled Friday as the U.S.-China trade war took a sharper turn, with President Donald Trump saying he's ordering American companies to start looking for "an alternative to China," while readying additional measures after Beijing imposed retaliatory tariffs on imports of U.S. goods.

Earlier, the major indexes flipped between modest gains and losses after Federal Reserve Chairman Jerome Powell left the door open for another interest rate cut in September in a widely anticipated speech in Jackson Hole, Wyoming.

Read more: https://www.morningstar.com/news/dow-jones/201908236360/market-snapshot-dow-drops-over-500-points-after-trump-says-us-companies-must-look-for-alternative-to-china

[no_hypocrisy]

1. I don't understand why. Trump can't make companies do what he demands.

[lagomorph777]

10. But demonstrating his insanity so openly, affects investor confidence.

To put it mildly.

[bronxiteforever]

12. +1 Plus he said the fed chairman is a greater enemy than China.

[Grasswire2]

2. How can he ORDER companies to do anything??

F%$king tyrant!!

[IronLionZion]

3. How about "alternative facts"?

Maybe voters will choose an alternative president soon.

China has economies of scale allowing for high output at low cost. There's a reason they make everything.

What a dumbass. Dude's policies are failing badly and there's no one else to blame.

[Mendocino]

4. An alternative to China...?

like Greenland...

[Auggie]

5. Trump's short-selling deplorables are jumping for joy. They're playing the world.

[Lonestarblue]

6. Instead of going to the G7 meeting, Trump needs to go to a psychiatric ward.

He has a delusional god complex, and seems to have lost touch with reality. He will do nothing at the G7 but embarrass the US. I wonder how irrational and delusional a president has to be before his cabinet invokes the 25th amendment! We have just over 14 months to the election. Given how much Trump has unraveled in just the past year, at least some Republicans must be realizing that by the time the 2020 election is held their candidate is likely to be a full-scale lunatic. The voices in Trump’s head telling him that he is God are getting louder.

[Loge23]

7. He'll crash the market later today.

The #IPOTUS is supposedly going to "answer" China this afternoon.
Anything can happen, but it's pretty certain that the markets will implode.
We watching the destruction of trillions of dollars in personal wealth along with the forced beginnings of the recession.

[bucolic_frolic]

8. The Free Market to suit Trump's distorted trade policy

Ridiculous. Insane. I've been saying for years, if you need frequent spare parts from China, buy now and stock up.

[duforsure]

9. Reporters should ask him

If he and ivanikie have stopped manufacturing their goods in China ?

[Firestorm49]

11. Here's a hypothetical.

Trump, with his grade school mindless meandering, wants the Fed to cut rates not for the good of a struggling economy, but for the chance to refinance his alleged crumbling empire for a longer term.

With this imbecile, you can't take anything he says truthfully.

[bucolic_frolic]

13. Down 581 now

looking for a close at the worst levels of the day. Who can see optimism for monday morning?

[athenasatanjesus]

14. So when does he piss off the rich and powerful enough that they finally stop him?

[LiberalArkie]

15. This is what Russia and China want. Payback

[Bengus81]

16. Closed down 623 points. Sooooo sick of winning

[ck4829]

17. Kick