Summary

Fox News openly blamed Donald Trump for Monday’s stock market crash, with the Dow dropping 890 points and the S&P 500 falling 2.7%.

The Dow is now 1,500 points below where it was when Trump took office. Analysts cite his chaotic messaging and steep tariffs on key trading partners as driving investor uncertainty.

Trump refused to predict a recession, calling it a “transition,” while his officials gave conflicting reassurances.

Treasury Secretary Scott Bessent warned of a “detox period,” further fueling market fears.

  • CharlesDarwin@lemmy.world
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    5 days ago

    Well, shit just got real and State Media is about keeping an eye on THEIR money, too. If they are not cut in on the market manipulation/intentional cratering and subsequent buying out things for pennies on the dollar, that is.

  • roofTophopper@lemmy.world
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    6 days ago

    What was that truth social post again about the market dropping 2% under “horrible Harris” and “sleepy Joe” and how they should resign?

    • CharlesDarwin@lemmy.world
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      5 days ago

      If ding-a-ling keeps it up, he just might be on track for wiping out all gains since his hyperventilating last year.

      Watching these LYING LIARS from his admin and in Congress and from State Media claiming that Biden handed him the worst economy, and how it’s been a “terrible four years” is a real exercise in next-level gaslighting. They are saying this right as little d does his tariff game to crash the markets.

  • RememberTheApollo_@lemmy.world
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    6 days ago

    Eh, they’ll just blame the democrats somehow. That’s all they ever do. Make up some convoluted or disconnected logic about how some unrelated policy set by Biden or Obama made trump such a shitty president.

    • ainokea@lemmy.world
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      5 days ago

      Exactly and their viewers will eat that shit up. Faux news can eat a bag of necrotic maggot infested dicks.

      Edit autocorrect

  • tehn00bi@lemmy.world
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    6 days ago

    They need to double down. They are the mouthpiece of the president, embrace your role. Propaganda only works if you don’t question.

  • Chainweasel@lemmy.world
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    6 days ago

    Trump was placed in office for one specific reason, to make rich people even more money.
    He’s falling at that because rich people don’t have cash, they have stock.

    He’s fucking with trade which is making stock prices free fall, and since rich people’s values are directly tied to stock prices, that’s as good as taking money directly out of their wallets.
    This is the only thing that will put an end to Donald Trump, fucking with rich people’s money.

    • JacksonLamb@lemmy.world
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      6 days ago

      He was placed in office to make super wealthy oligarchs richer and he is succeeding.

      Oligarchs make a killing in these conditions. They all came out richer after the 2008 financial collapse and they will again this time.

    • GuidoSarducci@lemmy.world
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      6 days ago

      They’re crashing everything on purpose, and at multiple people direction. The wealthy a) make money on the shorts etc and b) will hoover up whats left after everyone not in the 1% has nothing left.

      THATS when they’ll ditch DT via the 25th, Vance will take over as hes less of a loose cannon and more controllable. He’ll also be able to run for president twice more if they use the 25th on DT after 2 years.

    • Christer Enfors@lemm.ee
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      6 days ago

      Unbelievably enough, it might end up being the rich people in the US who end up saving us all, by deposing Trump because he fucks up their bottom line.

    • SoleInvictus@lemmy.blahaj.zone
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      6 days ago

      I wish you were right, but the rich LOVE a stock fire sale and Trump is giving them one. Berkshire Hathaway has been saving up liquidity specifically in anticipation of a recession. Every time the market dips, the rich end up growing even richer.

    • Throbbing_Banjo@midwest.social
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      6 days ago

      The rich are far, far more savvy at investing than that. The rich made a fuckton yesterday by selling VIX, writing calls, and generally just doing what people who already own everything do.

      This hurts 401(k)s and investments owned by normal people. The rich will be fine.

  • BrianTheeBiscuiteer@lemmy.world
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    6 days ago

    Uh-oh! You thought Trump was some ultra-conservative “tear down this wall” kind of President when he actually turned out to be a treasonous, Russian asset, “burn fucking everything” type of President? Ah, dang, where did I leave those shits? Totally would’ve given you some, but it appears I’m all out. 🤷

  • partial_accumen@lemmy.world
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    6 days ago

    Treasury Secretary Scott Bessent warned of a “detox period,” further fueling market fears.

    “Monetary policy in this nation historically has been too stuck on the concept of money having value. The president has introduced a ‘detox period’ where we are decouple the concept of ‘money’ and it being worth anything.” -Scott Bessent probably

    • corsicanguppy@lemmy.ca
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      6 days ago

      But losing the mouthpiece created for conservatism after Nixon, that’s an important weather gauge.

      Yeah, they normally have nothing to say I want to hear, but then they stop supporting the primary conservative, that speaks volumes.

      • tempest@lemmy.ca
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        6 days ago

        Yeah but as their market shrinks they are less important. Trump might watch Fox but he is 80 years old.

  • Dimmer@leminal.space
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    6 days ago

    Fox is play their pretending to be fair game. I don’t trust new republic reading the air.

    • _stranger_@lemmy.world
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      6 days ago

      I started doing the math on how many leopards gnawing on faces it would take to make the sound level dangerous and it made me kind of nauseous, but trust me, it was ballparking towards “a lot”. Probably way less than 70 million though.

  • venotic@kbin.melroy.org
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    6 days ago

    Hell has frozen over for once that FOX actually blames an active Republican politician. That’s when you know - you’ve truly fucked up.