Special Poll
Fox News Host Challenges Trump on Market Responsibility
- Neil Cavuto’s Critique: Fox News anchor Neil Cavuto challenged former President Trump’s comments on the stock market’s performance, highlighting inconsistency in Trump’s claims.
- Trump’s Blame on Biden and Harris: Trump blamed the recent market drop, caused by instability in Japan and U.S. job market concerns, on President Biden and Vice President Harris. Earlier in the year, Trump attributed market gains to anticipation of his return to the White House.
- Cavuto’s Point: Cavuto pointed out that Trump often credits himself for market gains but blames Democrats for market losses. He noted that three of the biggest market drops occurred during Trump’s administration, particularly during the COVID-19 years.
- Market Downturn: On Monday, the Dow fell about 1,100 points, marking the worst day for U.S. markets since 2022. Republicans labeled this fall as the “Kamala Crash.”
- Trump’s Social Media Post: Trump took to Truth Social to criticize Harris, calling the market downturn the “Kamala Crash” and predicting a “Great Depression of 2024” if she remained in office.
- Trump’s January Statement: In January, Trump expressed hope for an economic crash within 12 months, so it wouldn’t happen under his potential administration, likening it to President Hoover before the 1929 crash.
- Harris Campaign’s Response: Ammar Moussa, spokesperson for the Harris campaign, dismissed Trump’s comments, emphasizing the need for steady economic leadership over what he described as Trump’s chaotic and false statements. He criticized Trump’s economic record and highlighted that Trump’s plans would raise costs and worsen inflation.
- Market Recovery in Japan: The Japanese Nikkei market rebounded by about 10 percent on Tuesday, recovering nearly all of Monday’s losses. It remains uncertain if American markets will follow suit.