There was an immediate wave of comment on social media, including a video posted from President Trump, before the 2020 election, warning America if Biden was elected, “the stock market will crash.”
Business Insider reported the Dow Jones was down more than 1,100 points on Wednesday, and was at a level of about 31,500.
During President Trump’s tenure, it frequently was in the range of 36,000 to 37,000.
Wednesday’s victims included Target, down as much as 28%, as it reported a “surge in fuel and freight costs” could contribute to a “hit” of “at least $1 billion” this year.
Walmart was down 11%.
The report added, “Lowe’s also saw an earnings-related decline on Wednesday, and Home Depot sold off considerably despite it beating earnings estimates on Tuesday. Investors are now pointing to the big earnings misses from retailers as an added sign that an economic recession is imminent.”
Many are predicting a full-blown recession.
A commentary published at Twitchy said it was Fox’s Peter Doocy who asked Jean-Pierre about the stock market.
“Her response was something else.”
Karine Jean-Pierre was asked about today’s stock market dive and her response was:
“We do not- that’s not something we keep an eye on every day.”
You know who does keep an eye on the markets every day? People watching their 401k tank faster than Biden’s approval.
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God is looking for humble people. People that aren't out for self-serving interests, but those who are willing to put Him first and let Him get the glory. [...]