Stocks fall after Steven Mnuchin's odd statement fails to calm markets

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US markets are open only a half day on Monday. That's probably a good thing for anyone watching stocks on Christmas Eve.

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No, they are falling since liberals took the house duh! U don’t hv to be a genius to know companies hate socialists.

The only thing really that has fallen is CNN...

Next CNN headline: Trump and His Incompetent Trump Administration Resigns TrumpResign TrumpShutdown. b

Just wondering whether Mr Mnuchin is treasury secretary or Accountant of Trump n associates like Mr Weisselberg?He seems to be caring more for President and his family or friends more than Americans?

Another amateur...

Funny how statements that 'EVERYTHING IS FINE, NO NEED TO PANIC!!!' from top officials can backfire like that.

Trump will fire Powell and the markets will fall even further.

Is this the face of calm?

🤦🏻‍♂️ trumpenomics101 onlythebest filltheswamp

Just how dumb does CNN think the American people are? I am astounded anyone follows you any more. What a load of hysterical nonsense.

from the country that sends us murderers and rapists, according to the President but it is the place for Steven Mnuchin to take his young wife for Christmas

He is saying the words clearly----get out, the markets are stressed, near collapse and your money may not be available.

鐵元素如何在建立機械星球時產生吸力又不導致生物鐵元素體內的元素偏下,這就是我為何說各位亂做會死人。機械平台及其餘星球呢?我講的東西各位貪,代價生命。犯罪者冤獄都有國賠而且還諸多疑點呢,我是受害者

Is there anything this administration doesn't turn into a disaster by their unqualified or inept handling?

Does EVERYONE on Trump's 'team' feel he/she has 'mystical powers'? No one's listening, Steven!!

This president just actually compared a US financial meltdown to a bad game of golf.

What a beautiful smile Mnuchin

Im sorry, this outlet has lost all credibility. Twitter, PLEASE stop trying to force this entertainment feed on me!!!!!!!

More winning by the Trump administration. 🙄

Elect a rollercoaster personality to run the nation, get a rollercoaster market and PAY THE PRICE! Grow up, America!! Effing grow up!!!

Another example of Trump making America Weak again I bet he doesn’t want to take credit for this? wake up America....he’s a poor decision maker think Mattis and all the decent people he’s fired.

So, Chump and his Yrzm specialising in shooting thdmselves in the foot due to their general nativity and incompetence - it starts at the top and filters down !

Investors nervous as democrats taking house shortly. O expect market to tank when that happens. You have only a short time to protect your money and park it elsewhere You have been warned.

The Trump administration made things worse...go figure

6 TRILLION DOLLARS DEAD ON .AMERICAN ECONOMY FOR 2YEAR

Soon there'll be a recession. The stock market will lose 3.1 % of future market and 3.5 % of High technology ,And the new Congress won't give in to Trump's insanity.

Dims should start jumping from windows the sky is falling

Ben shapiro's wife is a doctor!

Removing that clown from our WH will go a long ways to calming the market AND the rest of the world that believes (correctly) that he has lost his mind.

Hey Moocher, While Your Spending Thousands Of Taxpayer Money In Mexico, Ask If They Will Pay For The Wall.

The regulators have to keep consumer confidence in the banks up to avoid a run. Don't be fooled, this is the beginning of an economic crash. Thanks Trump. TrumpResign

Wouldn’t it be wonderful if the MSM could lay off all the negative news during the holiday season? The world isn’t falling apart as they report! Let us enjoy the holidays and celebrate the birth of Jesus!

Ever since the dems got elected and the in fighting got worse the markets are tumbling. Trump was our hope now the country had decided to go with socialism and bad times are coming to america for sure. God damn the dems for not voting for a wall - F them and their families

Rates never go up until the money gets out of the market. You can never know when that happens until after the fact.

The money is in bonds. Rates are going up so rich folks can make money. The money WAS in the market. I wrote it this way to make the point crystal clear.

Take a look at this guys photo. I can't believe people don't trust this guy! What a joke! The market is going nuts because of this dumbass presidents comment and impulses. You don't own anything until two years into your presidency. You all are finally seeing realDonaldTrump

Just cus he's ugly, doesn't make him smart.

He’s clueless

He just created a problem that wasn't there with that statement.

Alternate headline: Stocks fall because of Sen Schumer’s refusal to protect Americans.

But he’s still rich, right? I was worried for a sec

This White House is on a downward spiral. Incompetence everywhere

Good job Stevie

Odd statements by a truly ODD person! Another Dumpy Trumpy selection. Gees when will he be removed, along with all of his appointments. Let’s get started rolling back the majority of his damage!

Reaction of the ignorant and Democratic mouth pieces tipping their hand of total obstruction. Anyone read the news or just listen to DS Don Lemon or Como?

Donald and Ivanka Trump will put the world into another recession with their antics. Then the rednecks who support them will find out what its like to have nothing while the Trumps are eating off gold plated food dishes............

Remember the stock market is a social science, not based on facts but emotions. Easily manipulated by powerful rich people who have the constant media coverage by creating mass fear when they want to buy and mass confidence when they want to cash in.

Thanks to realDonaldTrump and Mnutcase...our 401k plans are all taking a major hit as stocks continue the downward crash...These 2 fools are destroying our economy and our savings and DONT BKAME THE DEMS OR OBAMA OR HILLARY..this is on YOU TWO. CNN MSNBC CBSNews abcnews

Wished markets were closed ALL day today so they couldn't drop any lower.

Bannon is the source of chaos. He speaks with and advisesTrump almost daily. He wanted the 'generals' gone. There should be questions about Bannon being behind the WH chaos. Though not in public eye, Bannon exerts much influence on Trump.

Tap in to the archives of 📌ToriSpilling for spills and (spiels) on Mnuchin , real-time world news and information in and more! {

Would people be upset if press, journalists, tv, stars etc weren’t making us think the world was coming to an end with Mnuchins resignation. Pay attention how they stir things up. They’re smart & r telling us how we should react, because we don’t know

I’m waiting for Trump to say this is all fake news.

My favorite part is all the liberals thinking they earned a degree in economics and have some say. They want to tear Trump down so bad they will hype up all yhis drama just to put the US in a depression. Enjoy scavenging for food while the rich politicians live like kings

Is Trump and his appointees intentionally trying to manipulate the stock market for their own profit? Not beyond the realm of the possible with this crew—capitalism at all costs.

Someone (US House, DOJ / FBI) really needs to look hard at why he is doing this and if financial gain is the motive. 'Steven Mnuchin's attempts to calm investors backfired.' - CNN

realDonaldTrump Amateur move that back fired. As is attacking the Fed for doing what they are supposed to.

Pretty soon Mnuchin will be odd man out of his position. Give trump another month destroying his administration. Pretty soon you would think he would look in the mirror.

I was on vacation at Matzalan Mexico!I left my phone there while I took a quick trip to the Caymans to check on my Gold & Silver stash!(I'm so Rich),All I wanted to do was find out if Wall Street has enough Liquidity?That doesn't mean that everybody's 401k's are in trouble..er.?

Well he tried

What a creepy looking guy!

Who thought that call or publicizing it was a good idea?

Correct me if I’m wrong but don’t they raise interest rates in an effort to stem inflation ? More importantly has that ever worked before, for me raising rates is like kick starting an engine but your motor has no oil and it’s beginning to smoke, take the economy into the shop !

I'm no investor or economist, but Steven Mnuchin just at a glance is the kind of man that makes me wonder wtf is going on... but don't let my idle not so nice observations crash the stock market.

So far this morning, the body count surpasses 20,000 investors now who have jumped to their deaths from out of office windows on Wall Street once president Trump declared he was putting his son Eric in charge of solving the crisis

I mean you can’t trick the stock market. It sees the truth....

Thanks a lot Steve! I guess your brilliant strategy was wrong! Like so much of Trump’s actions.

Fake excuss

Looks like a certain treasury secretary got to wondering if maybe everyone wouldn’t be better off if he’d never been born ...

'OK GOOGLE: notify me when the housing market crashes so I can finally buy a house.'

This weird f***** like everybody else in this Administration totally unqualified

Of all the people resigned or fired how this idiot survived is the greatest mystery of all time.

Meanwhile Saudi Arabia is paying to rebuild Syria because of Trump but you guys are silent. Spineless cowards. Who is your Chrome dealer

The stock market right now:

stevenmnuchin1 realDonaldTrump I LOVE the leadership from Mexico. Donald he’s on vaca in Cabo while you’re at the WH. Great stuff you just can’t make this up. CNN Acosta

John! iamjohnoliver

The stock market right now:

Wow I sure love all this winning thanks to trump

Of course! What you expected? From the golf course can’t control stock market and make Mexico pay for the wall!

He's an idiot, like Trump!

Well done Mnuchin, sorry to interrupt your vacation in Mexico, who still isn’t going to pay for the wall by the way.

WTF was he trying to do? Didn't work DOW still crashed this morning.

Another Trump Chump.

You mean the foreclosure king?

Bang up job, Steve... so much winning.

Tone deaf! Why Trump's inability to hire qualified experts hurts our nation!

Who would have guessed that could happen?

The newly elected Democratic congress has investors worried. Especially when you have the far left .

For all those who tout their book-learning expertise abt the stock mkt being driven by economic stats, take another look & swallow this bitter pill. It’s being driven right now by politics and lack of confidence in “businessman bullshit.” We are his next bankruptcy.

With shutdown, how did Mnuchin travel to Mexico? Also, did he move all his $ and assets out of the U.S. prior to his idiotic calls and public announcement. I cannot begin to fathom the lack of intelligence from this administration. God save America.

Poindexter

Great secretary of Treasury , guess him and Trump studded the same thing - how to bankrupt a country ! Can a president and his whole cabinet be charged with treason ?

iamjohnoliver How could you not be reassured by this rugged masculinity?

Like saying one is naked at a nudist colony. Goes without saying.

Great Mnuchin’s making odd statements, and Trumps on another twitter rant! So who is running things? Oh no one the Government is shut down! MAGA? BE BEST?

Ugghhh

IDIOTS!! As if a phone call would help. SMH

Gas on the fire 😑

PATHETIC. The recession coming upon America. Thanks Trump.

Smoke show!

Here comes the dark side of the moon.

Brilliant statement from Mnuchin

It’s like your 5 year old running into the living room and announcing everything is fine nothing happened.

who would listen to him? Or his lovely wife?

Remember the old saw that Generals always fight the last war, this is the economic equivalent. Mnunchin’s letter has the fingerprints of the “stable genius” and discredited economist Peter Navarro all over it. TrumpResign

Dan1973Resists How about a soothing photo shot?

Is that the call he is using to justify his government ride to Cabo?

Somebody must have put something in his tequila shots down in Mexico! Where’s the cartel when you need them?!

Well...this is great news as many are pleased with this plunge so fingers can be pointed.!! Both sides need to be out of office as they obviously don’t care about the common person in this Country..!!

If you dont think these guys have been shorting the market for months you have not been paying attention. Mueller wants to see some ' unnamed banks records huh' ...

ramonv15 lol

baby pop 2-1

Thanks for raising interest rates. When a bank goes under no government bailout.

What was this an ad hoc stress test? Sure who needs oversight amd regulation, we'll just do a quarterly huddle. Fuckmooks.

What a douche... StormyDonYells NeedleDick NotForAllTheMoneyinTheWorld

The Botox has sipped into his brain!

Mnuchie is the man.

so? it will rebound

realDonaldTrump If this is what winning looks like, count me out.

Banks lending Nonsense

Republicans are ruining America! 🙄

pizzagateisreal

baby pop 1-1

If they would stop lying things may be different

realDonaldTrump

No Jesus No Peace Know Jesus Know PEACE.

So much winning 🤦🏻‍♂️

A face you can’t trust.

We are not going more in debt. Time to meet the billionaires.

Stock Market crash is real reason he not going to Mar-Largo. His reception would be Icy.

Incompetence all around this administration. Is it January yet?

Why would the announcement of a bank run calm the markets!

what a surprise

Thanks for your help Stevie from Mexico Glad ur able to vacation

He only knows about spending money. That's it.

Incompetence led by incompetence.

This administration is a shit show

There's no value to their word now. That's a new low.

This is a man out of his depth suddenly and belatedly realising he has no idea what he's doing. He's trying to find scape goats. He's panicked and we're fucked. Hope Santa takes appropriate action tomorrow (some of the coal they are so fond of?)

Trump only hires the best. So much winning.

Been falling since libs took the House.

But I thought Trump was supposed to be the all savior of the stock markets and keep them going up? At least that’s what I was told when the tax scam, errr tax break, went into effect?

Odd statement from an odd man.

You cannot believe a word these Liars have got to say

This guy? 😂

good. Another trump loss.

'Steven Mnuchin's odd statement fails to calm markets' People take anything he says comfortingly?

Being an “Odd” person himself it’s no wonder his statements are similarly viewed!

He’s odd to begin with

Time for stevenmnuchin1 to step down. We are losing all our 401(k). This is not cool. Maybe larry_kudlow should take over and save the nation.

Trump and admin and supporters think everything can be solved so simply. It's a recipe for disaster.

Realize these companies are making hand over fist. They’re just greedy and want more and Trump gave it to them in a tax cut and they still want more. There was never a real recession... only an influx of greedy people.

He should just shut up. His imbecilic utterances are making things worse. He is hurting our retirement accounts.

And, when can we expect your resignation letter?

Not surprised after midterm elections I pulled a great deal of capital out of the market myself. Another 2 years of stagnation in Congress will do that. Interesting oppurtinity investments in the Baltics promise better returns.

Great, buy buy buy, we’ll all be millionaires!! Thanks for the stear CNN

A lot of money going be made in the swing up...likely many of the same people making it the way down too.

Is Obama gonna take credit for this one?

Hello this is the Fire Department calling to tell you, your house ISN’T on fire, but we are going to send our “firefighting crisis team”

Trump puppet

Lol

This is Trump's recession.

White House is in damage control. Panic in our government spreading to whole world. Stock market responding to Trump’s trades and policies. The only way to stop this childish governing is for Republicans stepping in and do their job because they didn’t do nothing in last 2 years

I mean, you start thinking that this is a deliberate attempt to manipulate the market. Advance warning would have made a lot of money to whoever knew.

There is no calming of the markets, the real reason for decline is beyond our borders in a coordinated and important way, triggered by a tariff war. This was the state of Chinese holdings as of June 2018. Russia on its end shrinked their stockpile of US Treassuries (debt) by 84%

The complete failure of the realdonaldtrump administration is in full swing. Incompetence flows down from the top. FakePresident

Strange how market starts falling after dems took house

And here’s a jackass we need to replace.

It must be sooooo frustrating for Trump to have so many ppl around him trying to screw him!!! Or they just know better then him... Tough call.

The inevitable result of an amateur president surrounded by unqualified sycophants

what 'odd' statement ? That the administration is on it and being preemptive?

It is almost like this administration is incompetent or something

The is worse than amateur hour...it is infantile hour...the US Government is being run like a lemonade stand.

He's a bigger idiot than trump, if that's possible. He stole from everyone he could in Hollywood and will do the same thing in DC.

He called from Cabo San Lucas, an upscale Mexican resort on the Baja peninsula. Very possibly he'd had a bit too much Christmas 'cheer' and it affected his judgment.

The biggest fear on the horizon is the transfer of power from the House to the Democrats. The market is factoring in all future obstructing policies the Dems plan against our current administration. All time low unemployment along with a strong economy benefits all Americans.

CNN FoxNews If only Mnuchin knew anything about finance or banking it might help but with his zero IQ it was a wasted call. Only the best hired by lil’ dondon.

Hahaha 😂 😂 because w men speaks wit fork tongue 😎

stevenmnuchin1 realDonaldTrump more winning! When will this nightmare of a administration end?

This admin just needs to shut up and stop tweeting. The market has figured out these guys don’t have a clue what they are doing and what they will do. Kudlow and Navarro have been wrong their entire professional lives and Trump is a fraud. STFU. We are going to be broke!

Shouldn't The Markets Be Closed?

It would be wise to withdraw cash from the bank and keep it at home plus stock the pantry and have a few containers of gas and an emergency kit and contact plan for all family and friends.

He’s a fraud.

People are overthinking this. 1. Trump is pissed about the stock market. 2. He blames anyone but himself. 3. He berates Mnuchin over it and screams 'DO SOMETHING!' at him. 4. The dumb phone calls are all he could come up with. That's the most likely scenario.

We grimaced at the photo of his wife in the Bond villain gloves with 'their' money. It actually said a lot, pretty early.

And he’s suppose to be the best and brightest as trumps pick 🤷‍♂️🤦‍♂️

Dude....shut up

Cheering for the downfall of the economy and great nation are we CNN

Maybe that was the plan. Buying puts and let it crash.....

panic mode never helps.

Trust me, fine people of Earth....we mean you no harm.

realDonaldTrump and stevenmnuchin1 both need to go trumpresign trump trumprussia mueller

'MAGA'...right?

Clown show.

Who would trust this self-serving, egomaniacal, incompetent, Trumpuppet? Another example of the corrupt traitorous, Trump administration. GOP Betrays USA Expel them from public office. DemandTrumpResignNow

Their blatant attempts to influence the stock markets so they look good are failing, as they should. Trump has never been capable of managing anything right; it was stupid to think he could manage the US economy.

...and he has the tiny balls to do this during a shut down, on vacation.....IN MEXICO.

'The best and the brightest.'

Mnoron!

Nice Harry Carey glasses!!

More likely his calls spooked the hell out of those bankers

People’s careers are over. How many will end up in jail and felons. Trump has screwed these people up. Serves them right.

Where are Larry Summers, Tim Geithner, Hank Paulson, Robert Rubin and , James Baker? Our current one is asking the patient if he is sure he is not sick and maybe the patient should get a second opinion.

His statement was insane. He has no idea how markets work and his actions threaten us all.

It’s only “odd” if you don’t consider that Mnuchin and the associated cabal of grifters are likely shorting the market and escalating uncertainty intentionally for personal gain. This would also suit Teump’s instructions from Putin to weaken every sector of US society.

Welp, Steven stevenmnuchin1 ... I guess THAT idea was a bust!! 😜 When is Don the Con gonna fire THIS fellow Grifter for fanning the flames of failure in the markets!! 🤣🤣😂😂 NotAGoodDayForUSA

Munching is toast if he can’t reverse the stock market slide that is embarrassing Trump.

Can someone please tell this administration to just shut the f**k up! None of them know what their talking about so just go away!

JUST NORMAL EVERYDAY CAPITALISM

Compared to where the US banking system was leading into the last financial crisis it is now in good shape. The only thing that will cause it to fail is wide spread panic orchestrated by too many causing alarm in synchrony!!

Now you are getting to the real news, the stock market.

Paging all the “I don’t care what the trump admin does as long as the markets are rockin’” folks

I find stevenmnuchin1 absolutely terrifying, insincere, false, hollow, shallow and very, very scary. Just saying.

this incompetent will be the next to go and trump will substitute it by himself

The 'doughnut dump' dumbness still spreading like a runaway train to seemly intelligent people....🤣😂

gee. i wonder who told him to make the odd statement?

ResignNowTrump IStandWithMattis

resigntrump TrumpChristmasShutdown

You don’t say.... 😂😂😂

That just sucks

You mean the unsolicited phone call from the crisis team didn't calm anyone? Weird.

Bond. Villan.

stevenmnuchin1 is enjoying a paid vacation in Cabo with SecretService protection. The SS agents are unpaid

Amateurs running the White House now.

You know all that winning your 401Ks were enjoying? Yeah, say goodbye. You don’t just call the banks to calm them. You call to prepare them.

The only qualifications this guy has to be Treasury Secretary is that he is allowed to carry his wife purse. Who is going to listen to anything he has to say. Just another Trump Idiot

RTJCooper Winning, right?

what do you expect - a recession

CNN goal of destroying the economy and trashing our elected President is almost complete

Can we build the wall before stevenmnuchin1 comes back?

Few advices for the lone wolfs in the lands of Kufr

Stocks are on pace for their worst December since the Great Depression. On Friday, the Dow ended its worst week since 2008 Thanks realDonaldTrump! MAGA.

He's shorting the mkt.

Sério

Is anyone surprised by this?🙄

Credit and trade worries, tumbling stocks and a falling renminbi have diminished the wealth of more than three quarters of the top 400 listees on last year’s Forbes China Rich List

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Mnuchin pins market volatility on wrong presidentThe Treasury secretary partly blames the Obama-era Volcker Rule for big swings in stocks. But prices aren’t as choppy as 2009, before the prop-trading ban was adopted. And the rule barely affected equities trading. It’s the policies of Mnuchin’s volatile boss fanning the flames.
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Treasury Secretary Mnuchin checks in with agencies on shutdown response as market turmoil continuesThe Christmas Eve call with the group, which has been referred to as the 'Plunge Protection Team,' was scheduled to discuss coordinating agencies' functions during the shutdown, a senior administration official told CNBC. What a moron. Note that the market was about to turn around until 10:55 AM when Trump tweeted again blaming the Fed and everyone else for falling stock prices Sec. Mnuchin: 'Hey Mr. Banker, do you have any cash?' Mr. Banker: 'Yup, got lotsa cash plus a spare million bucks in my pocket.' Sec. Mnuchin: 'Thanks. No problems, then. Merry Christmas.'
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