Skip to content
Search AI Powered

Latest Stories

Fox News Tweet Just Trolled Donald Trump With a Summary of October's Stock Market Numbers, and It's Brutal

Fox News Tweet Just Trolled Donald Trump With a Summary of October's Stock Market Numbers, and It's Brutal
US President Donald Trump speaks before boarding Marine One from the South Lawn of the White House in Washington, DC on October 15, 2018. - Trump is heading to Florida after Hurricane Michael devastated the state. (Photo by MANDEL NGAN/AFP/Getty Images)


Fox News has often been accused of serving as a mouthpiece for President Donald Trump and his policy proposals, but the latest message from the network's research team contradicts the president's claims that the stock market is the healthiest its ever been under his watch.

Fox News Research noted that the Dow, S&P 500 Index, and Nasdaq had all suffered their worst monthly point loss as of last month. The team dubbed October 2018 "A Scary Month for Stocks."

The Fox News Research team weren't the only ones noting last month's losses.

Entrepreneur Michael Skolnik pointed out that U.S. stock markets "lost nearly $2 trillion" last month, effectively wiping out gains made in 2018.

Earlier this week, political scientist Brian Klaas observed that the stock market is "down 2,174 points from late January 2018" an eight percent drop. The Dow is also lower than the day the president signed the GOP tax plan into law on the promise that the stock market would see significant gains in its wake. (Economists have long said otherwise.)

Bishop Talbert Swan of the Church of God in Christ said that not only have all of 2018's gains been "completely wiped out," but that the president and the GOP have added $1.3 trillion dollars to the national debt in one year, an amount which Business Insider notes is "the highest total debt issuance since the depths of the Great Recession."

In recent days, the president, in messages meant to assuage his base, has characterized the stock market's losses as "a little pause," although yesterday he wrote that the stock market had risen "more than 400 points."

The president was also taken to task for his claims about the stock market last week when construction equipment manufacturer Caterpillar blamed its disappointing stock market performance, which kept its adjusted earnings guidance for 2018 steady, falling short of the increase analysts had projected, on his tariffs. The company’s analysts say “higher material costs due to steel and tariffs” drove up manufacturing costs, which caused its stock to dive 8 percent despite an 18 percent increase in company revenue.

If you were to ask the president, however, you’d hear a different story. That day, the president responded to criticism of the tariffs his administration imposed on steel and aluminum imports, insisting that tariffs would continue so long as other countries don’t “give us a fair Trade Deal.”

Caterpillar’s announcement comes after electric vehicle manufacturer Polaris Industries said its suppliers “must help offset the cost of President Donald Trump’s trade wars if they want to keep doing business,” according to Bloomberg.

Polaris is “making good progress with domestic suppliers saying, ‘Hey, we’re not taking that price increase.’ Or more recently, telling our Chinese suppliers, ‘Hey, if you want to continue to be a supplier to us, you’re going to have to take some of these costs,’’’ said Chief Executive Officer Scott Wine, who noted that the president’s trade wars caused Polaris’s stock price to dip 31 percent.

The president remains steadfast in his belief that tariffs are necessary to address the signs of what he believes to be an era of waning American influence on international markets.

In March, shortly before confirming that the U.S. would impose tariffs on aluminum and steel, Trump attracted criticism for claiming that trade wars “are good, and easy to win.”

Stocks saw modest improvement today after the president wrote that he'd made some progress with China on trade.

Trump and Chinese President Xi Jinping are scheduled to meet and discuss the U.S.-China trade relationship at the G-20 conference at the end of this month.

More from People/donald-trump

TikTok screenshots of Hank Azaria and Buckingham Palace guard

Hank Azaria Hilariously Tries To Get Buckingham Palace Guard To Crack With Classic 'Simpsons' Voices

Hank Azaria tried to get a King's Guard to crack during a recent visit to London... but to no avail.

The actor shared his hilarious attempt on TikTok, captioning the video:

Keep ReadingShow less
Antony Starr as Homelander on "The Boys"; Donald Trump survives assassination attempt during rally
Prime Video; Rebecca Droke/AFP via Getty Images

'The Boys' Issues Content Disclaimer And Alters Season Finale Title After Trump Shooting

The Amazon Prime series The Boys changed the title of its Season 4 finale and issued a content disclaimer explaining that "plotline similarities" to the recent assassination attempt on former President Donald Trump "are coincidental."

The final episode, titled "Assassination Run," features an attempt on President-elect Robert Singer's (Jim Beaver) life by a supe disguised as Starlight (Erin Moriarty). After the assassination attempt on Trump at a Pennsylvania rally on July 13, viewers of the R-rated superhero satire noted the unsettling similarities.

Keep ReadingShow less
Screenshot of Nikki Haley; Joe Biden
C-SPAN; Kevin Dietsch/Getty Images

Nikki Haley's Blunt 'Election' Prediction Comes Back To Haunt Trump After Biden Drops Out

Earlier this year, South Carolina Republican Governor Nikki Haley made a blunt prediction about which political party would win this year's election, a statement that has garnered more attention since President Joe Biden dropped out of the 2024 race and endorsed Vice President Kamala Harris.

At 81, Biden faced increasing concerns within his party about his age and capacity to serve another term, along with fears of a potential loss to former President Donald Trump—who is 78—in November. In his announcement, Biden backed Harris as the Democratic nominee to replace him, calling it "the best decision I’ve made."

Keep ReadingShow less
group of people eating on picnic table
Lee Myungseong on Unsplash

People Describe The Worst Things That Have Ever Happened At A Family Function

Ahhh, family.

Some we love, some we like, some... let's just say there are usually some family members we'd rather see far less of.

Keep ReadingShow less
Glen Powell; Bill Paxton
Kevin Winter/Getty Images, Stefanie Keenan/Getty Images for Critics' Choice Television Awards

Glen Powell Pays Moving Tribute To Bill Paxton As 'Twisters' Opens: 'His Boots Are Impossible To Fill'

Actor Glen Powell paid tribute to late actor and friend Bill Paxton on the opening day of the film Twisters.

Powell stars as famous internet "tornado wrangler" Tyler Owens in the new disaster film, which is a standalone sequel to the 1996 Twister movie that starred Paxton, who also played a former storm chaser.

Keep ReadingShow less