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Fri Aug 23, 2019, 01:38 PM

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

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

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Reply MARKET SNAPSHOT: Dow Drops Over 500 Points After Trump Says U.S. Companies Must Look For 'alternativ (Original post)
crazytown Aug 23 OP
no_hypocrisy Aug 23 #1
lagomorph777 Aug 23 #10
bronxiteforever Aug 23 #12
Grasswire2 Aug 23 #2
IronLionZion Aug 23 #3
Mendocino Aug 23 #4
Auggie Aug 23 #5
Lonestarblue Aug 23 #6
Loge23 Aug 23 #7
bucolic_frolic Aug 23 #8
duforsure Aug 23 #9
Firestorm49 Aug 23 #11
bucolic_frolic Aug 23 #13
athenasatanjesus Aug 23 #14
LiberalArkie Aug 23 #15
Bengus81 Aug 23 #16
ck4829 Aug 26 #17

Response to crazytown (Original post)

Fri Aug 23, 2019, 01:40 PM

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

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Response to no_hypocrisy (Reply #1)

Fri Aug 23, 2019, 02:30 PM

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

To put it mildly.

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Response to lagomorph777 (Reply #10)

Fri Aug 23, 2019, 02:47 PM

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


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Response to crazytown (Original post)

Fri Aug 23, 2019, 01:41 PM

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

F%$king tyrant!!

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Response to crazytown (Original post)

Fri Aug 23, 2019, 01:42 PM

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.

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Response to crazytown (Original post)

Fri Aug 23, 2019, 01:43 PM

4. An alternative to China...?

like Greenland...

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Response to crazytown (Original post)

Fri Aug 23, 2019, 01:50 PM

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

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Response to crazytown (Original post)

Fri Aug 23, 2019, 02:00 PM

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 Trumpís head telling him that he is God are getting louder.

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Response to crazytown (Original post)

Fri Aug 23, 2019, 02:01 PM

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.

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Response to crazytown (Original post)

Fri Aug 23, 2019, 02:26 PM

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.

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Response to crazytown (Original post)

Fri Aug 23, 2019, 02:28 PM

9. Reporters should ask him

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

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Response to crazytown (Original post)

Fri Aug 23, 2019, 02:36 PM

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.

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Response to crazytown (Original post)

Fri Aug 23, 2019, 03:12 PM

13. Down 581 now

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

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Response to crazytown (Original post)

Fri Aug 23, 2019, 03:48 PM

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

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Response to crazytown (Original post)

Fri Aug 23, 2019, 04:06 PM

15. This is what Russia and China want. Payback

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Response to crazytown (Original post)

Fri Aug 23, 2019, 06:30 PM

16. Closed down 623 points. Sooooo sick of winning

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Response to crazytown (Original post)

Mon Aug 26, 2019, 02:46 AM

17. Kick

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