MSNBC

MSNBC 26 Feb 2020

Markets Tanked On Coronavirus Fears. Trump Blamed Democrats.

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Trump used a briefing meant to calm fears about the coronavirus to say stock markets are down because of fears about the Democratic candidates. But markets are down worldwide, and it's because of coronavirus. Aired on 02/26/20.


FOX Business' Jackie DeAngelis discusses why investors were spurred to sell stocks over coronavirus fears on the floor of the New York Stock Exchange.
Stock markets tumbled on Wednesday, and are down more than 20% from their 2020 peak, as the World Health Organization declared the COVID-19 outbreak a "pandemic."
Stocks slumped again on Wall Street Tuesday, piling on losses a day after the market's biggest drop in two years as fears spread that the growing virus outbreak will put the brakes on the global economy. (Feb. 25)
The threat of a coronavirus-fueled oil war and continued panic around the virus brought markets to unprecedented lows Monday, triggering the first-ever forced halt on trading after the Standard & Poor's 500 index sank 7 percent shortly after open. The Dow Jones industrial average sank as low as 2,000 points.

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>>> THE STOCK MARKET HAS TAKEN
>>> THE STOCK MARKET HAS TAKEN ’BIG HIT OVER THE PAST FEW DAYS.
’BIG HIT OVER THE PAST FEW DAYS. WHAT CAN YOU DO ABOUT THAT?
WHAT CAN YOU DO ABOUT THAT? AND IF THE CDC IS RIGHT IN
AND IF THE CDC IS RIGHT IN SAYING THE SPREAD IS INEVITABLE,
SAYING THE SPREAD IS INEVITABLE, ARE YOU GOING TO BE DEALING WITH
ARE YOU GOING TO BE DEALING WITH STOCK MARKET ISSUES AND ECONOMY
STOCK MARKET ISSUES AND ECONOMY ISSUES FOR SOME TIME TO COME?
ISSUES FOR SOME TIME TO COME? >> WELL, I REALLY THINK THE
>> WELL, I REALLY THINK THE STOCK MARKET, SOMETHING I KNOW A
STOCK MARKET, SOMETHING I KNOW A LOT ABOUT, I THINK IT TOOK A HIT
LOT ABOUT, I THINK IT TOOK A HIT MAYBE FOR TWO REASONS.
MAYBE FOR TWO REASONS. I THINK THEY LOOK AT THE PEOPLE
I THINK THEY LOOK AT THE PEOPLE THAT YOU WATCHED DEBATING LAST
THAT YOU WATCHED DEBATING LAST NIGHT AND THEY SAY IF THERE’S
NIGHT AND THEY SAY IF THERE’S EVEN A POSSIBILITY THAT CAN
EVEN A POSSIBILITY THAT CAN HAPPEN, I THINK IT REALLY TAKES
HAPPEN, I THINK IT REALLY TAKES A HIT BECAUSE OF THAT.
A HIT BECAUSE OF THAT. >> SO IT’S IMPORTANT TO NOTE THE
>> SO IT’S IMPORTANT TO NOTE THE STOCK MARKET DROPPED ALMOST
STOCK MARKET DROPPED ALMOST 2,000 POINTS BEFORE LAST NIGHT’S
2,000 POINTS BEFORE LAST NIGHT’S DEMOCRATIC DEBATE.
DEMOCRATIC DEBATE. JUST A POINT OF ORDER.
JUST A POINT OF ORDER. HERE TONIGHT, MAYA WILY, FORMER
HERE TONIGHT, MAYA WILY, FORMER ASSISTANT U.S. ATTORNEY FOR THE
ASSISTANT U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK,
SOUTHERN DISTRICT OF NEW YORK, NOW WITH THE NEW SCHOOL HERE IN
NOW WITH THE NEW SCHOOL HERE IN NEW YORK.
NEW YORK. AND RICK WILSON, LONG-TIME
AND RICK WILSON, LONG-TIME REPUBLICAN STRATEGIST,
REPUBLICAN STRATEGIST, CO-FOUNDER OF THE LINCOLN
CO-FOUNDER OF THE LINCOLN PROJECT, A SUPER PAC CREATED BY
PROJECT, A SUPER PAC CREATED BY CONSERVATIVES WITH THE AIM OF
CONSERVATIVES WITH THE AIM OF DEFEATING TRUMP AND TRUMPISM.
DEFEATING TRUMP AND TRUMPISM. HIS NEW BOOK IS "RUNNING AGAINST
HIS NEW BOOK IS "RUNNING AGAINST THE DEVIL: A PLOT TO SAVE
THE DEVIL: A PLOT TO SAVE AMERICA FROM TRUMP AND DEMOCRATS
AMERICA FROM TRUMP AND DEMOCRATS FROM THEMSELVES."
FROM THEMSELVES." WELCOME TO YOU BOTH.
WELCOME TO YOU BOTH. AND RICK, THIS PUTS US INTO SOME
AND RICK, THIS PUTS US INTO SOME NEW TERRITORY.
NEW TERRITORY. >> SURE.
>> SURE. >> THIS WAS THE PRESIDENT
>> THIS WAS THE PRESIDENT OFFERING AN ALTERNATE REALITY OF
OFFERING AN ALTERNATE REALITY OF A POTENTIAL PANDEMIC.
A POTENTIAL PANDEMIC. WHAT HE MAY NOT BE ABLE TO DO IS
WHAT HE MAY NOT BE ABLE TO DO IS DECIDE HIS OWN NEWS HERE BECAUSE
DECIDE HIS OWN NEWS HERE BECAUSE IF YOU’RE LIVING IN SUBURBAN
IF YOU’RE LIVING IN SUBURBAN CINCINNATI TONIGHT, NORTHERN
CINCINNATI TONIGHT, NORTHERN KENTUCKY PERHAPS, AND THEY FIND
KENTUCKY PERHAPS, AND THEY FIND LOCAL CASES, YOU’RE GOING TO
LOCAL CASES, YOU’RE GOING TO HEAR ABOUT THAT ON YOUR LOCAL
HEAR ABOUT THAT ON YOUR LOCAL NEWS.
NEWS. THAT’S GOING TO BECOME YOUR
THAT’S GOING TO BECOME YOUR TRUTH.
TRUTH. >> YEP.
>> YEP. AND THERE’S A CASE TONIGHT BEING
AND THERE’S A CASE TONIGHT BEING TESTED IN WALTON COUNTY,
TESTED IN WALTON COUNTY, FLORIDA.
FLORIDA. HEART OF TRUMP COUNTRY.
HEART OF TRUMP COUNTRY. THAT’S NOT GOING TO BE SOMETHING
THAT’S NOT GOING TO BE SOMETHING YOU CAN JUST WALK AWAY FROM.
YOU CAN JUST WALK AWAY FROM. IF IT TURNS OUT TO BE A REAL
IF IT TURNS OUT TO BE A REAL CASE.
CASE. WE’RE SEEING THESE THINGS
WE’RE SEEING THESE THINGS POPPING UP ALL OVER.
POPPING UP ALL OVER. THE SAFE BET WAS ALWAYS TO SAY
THE SAFE BET WAS ALWAYS TO SAY THIS COULD BE BAD, WE’LL DO
THIS COULD BE BAD, WE’LL DO EVERYTHING WE CAN TO STOP IT.
EVERYTHING WE CAN TO STOP IT. BUT HE CAN’T STOP HIMSELF FROM
BUT HE CAN’T STOP HIMSELF FROM SELF-AGGRANDIZING AND LYING
SELF-AGGRANDIZING AND LYING ABOUT THINGS.
ABOUT THINGS. AND IT’S ACTUALLY -- SETTING
AND IT’S ACTUALLY -- SETTING ASIDE MY NORMAL CRITICISM OF
ASIDE MY NORMAL CRITICISM OF TRUMP, THIS IS A DANGER TO THE
TRUMP, THIS IS A DANGER TO THE COUNTRY THAT HE IS NOT A
COUNTRY THAT HE IS NOT A TRUSTWORTHY PERSON FOR THE
TRUSTWORTHY PERSON FOR THE AMERICAN PEOPLE.
AMERICAN PEOPLE. EVEN PEOPLE WHO LIKE HIM NOW HE
EVEN PEOPLE WHO LIKE HIM NOW HE B.S.S THEM ALL THE TIME.
B.S.S THEM ALL THE TIME. NOW IF HE SAYS IT’S NOT A
NOW IF HE SAYS IT’S NOT A PROBLEM AND PEOPLE ARE BEING
PROBLEM AND PEOPLE ARE BEING HOSPITALIZED, IT IS A PROBLEM.
HOSPITALIZED, IT IS A PROBLEM. >> THERE’S SOMETHING CALLED
>> THERE’S SOMETHING CALLED STEWARDSHIP WHICH OUR PRESIDENTS
STEWARDSHIP WHICH OUR PRESIDENTS HAVE USUALLY FELT THAT IN OFFICE
HAVE USUALLY FELT THAT IN OFFICE OFFICE, I’VE GOT YOU, YOU THE
OFFICE, I’VE GOT YOU, YOU THE AMERICAN PEOPLE, I’VE GOT YOU.
AMERICAN PEOPLE, I’VE GOT YOU. THIS PRESIDENT DECIDED TO
THIS PRESIDENT DECIDED TO RELITIGATE NANCY PELOSI TODAY.
RELITIGATE NANCY PELOSI TODAY. WENT AFTER HER CONGRESSIONAL
WENT AFTER HER CONGRESSIONAL DISTRICT.
DISTRICT. HE DIMINISHED CHUCK SCHUMER FROM
HE DIMINISHED CHUCK SCHUMER FROM THE PODIUM, BASICALLY GAVE HIS
THE PODIUM, BASICALLY GAVE HIS RE-ELECTION CASE.
RE-ELECTION CASE. AND THINK ABOUT WHAT THE TOPIC
AND THINK ABOUT WHAT THE TOPIC WAS THEY WERE SUPPOSED TO BE
WAS THEY WERE SUPPOSED TO BE DISCUSSING IN THERE.
DISCUSSING IN THERE. >> DENY, DEFLECT, AND DENOUNCE.
>> DENY, DEFLECT, AND DENOUNCE. THAT’S THE WAY TRUMP LEADS.
THAT’S THE WAY TRUMP LEADS. AND UNFORTUNATELY, AND TO RICK’S
AND UNFORTUNATELY, AND TO RICK’S POINT, AND TO YOUR POINT ABOUT
POINT, AND TO YOUR POINT ABOUT STEWARDSHIP, THAT’S NOT
STEWARDSHIP, THAT’S NOT LEADERSHIP.
LEADERSHIP. THAT’S SELF-INVOLVEMENT.
THAT’S SELF-INVOLVEMENT. THAT’S SELF-INTEREST.
THAT’S SELF-INTEREST. AND IT’S EXTREMELY DANGEROUS.
AND IT’S EXTREMELY DANGEROUS. WHAT’S AMAZING TO ME IS IF
WHAT’S AMAZING TO ME IS IF DONALD TRUMP IS SO SMART ABOUT
DONALD TRUMP IS SO SMART ABOUT THE STOCK MARKET WHY DIDN’T HE
THE STOCK MARKET WHY DIDN’T HE TURN THIS INTO A STORY ABOUT HOW
TURN THIS INTO A STORY ABOUT HOW THE STOCK MARKET IS IRRATIONAL,
THE STOCK MARKET IS IRRATIONAL, IT IS RESPONDING TO FEAR AND HE
IT IS RESPONDING TO FEAR AND HE AS THE LEADER OF THE FREE WORLD
AS THE LEADER OF THE FREE WORLD IS HERE TO TELL EVERYONE EXACTLY
IS HERE TO TELL EVERYONE EXACTLY WHAT HE’S GOING TO DO TO HELP
WHAT HE’S GOING TO DO TO HELP ENSURE THAT THE IRRATIONAL STOCK
ENSURE THAT THE IRRATIONAL STOCK MARKET CAN START BEHAVING MORE
MARKET CAN START BEHAVING MORE RATIONALLY?
RATIONALLY? IN OTHER WORDS, IT’S AN
IN OTHER WORDS, IT’S AN OPPORTUNITY FOR HIM TO EXPLAIN
OPPORTUNITY FOR HIM TO EXPLAIN TO THE AMERICAN PEOPLE HOW IT
TO THE AMERICAN PEOPLE HOW IT WASN’T ABOUT HIM, IT WAS ABOUT A
WASN’T ABOUT HIM, IT WAS ABOUT A VIRUS THAT HE DOESN’T CONTROL IN
VIRUS THAT HE DOESN’T CONTROL IN THE SENSE THAT IT EXISTS, AND
THE SENSE THAT IT EXISTS, AND HERE’S ALL THE WAYS THAT HE CAN
HERE’S ALL THE WAYS THAT HE CAN PROTECT US.

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