Monday, 21 May, 2018

WH: Trump Not Focused on Wall Street

Former White House chief strategist Steve Bannon is not expected to appear before the House Intelligence Committee Tuesday risking being held in contempt for failing to comply with a subpoena according to a source close to the process Trump roots for a government shutdown in order to get his way: report
Ray Hunter | 07 February, 2018, 02:07

The Dow Jones Industrial Average, an index based on the performance of 30 major companies, has suffered its biggest drop in two years, crashing by more than 1,000 points in two days.

The New York Times reported Trump bragged, boasted, and took credit for the skyrocketing stock market 25 times in January alone.

As Trump spoke, televisions across the West Wing - including those tuned to Fox - showed the stunning side-by-side images of Trump touting a booming economy while the Dow plummeted.

Pressed ahead of Trump's speech about the stock market losses, White House deputy press secretary Raj Shah acknowledged "markets do fluctuate in the short term, I think we all know that".

"No question the president was involved and responsible for the increase in the stock market, but also the overall economy", Gidley said.

2018 iPhones may use Intel modems inclusively, pushing out Qualcomm entirely
That may be so, but the fact is demand for iPhone X cooled quickly before Christmas, as several market observers have pointed out. As a result of these lawsuits and fines, and Apple withholding royalty payments, Qualcomm claims its revenue is being impacted.

After the speech Sarah Huckabee Sanders, the White House press secretary, said Trump is focused on "long-term economic fundamentals" and these are "exceptionally strong". And he didn't allow the stock market slide to dampen his remarks.

President Donald Trump has long touted the impressive success of the stock market the past year, but after its precipitous decline, his spokespeople are backtracking his boastful words.

"Where were they when it was going up?"

News networks, many of which had been airing a Trump speech live from OH where the president had gone to promote the Republican tax reform plan, interrupted the programming to break the news.

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