Trump says Tuesday's market drop is 'peanuts' and won't force him to make a bad China trade deal

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Trump downplayed the stock market's Tuesday losses as 'peanuts' when compared to both the importance of striking a good deal with China.

President Donald Trump as he leaves the White House for a trip to Nashville, Tennessee, in Washington D.C on May 29th, 2018.Donald Trump

downplayed the stock market's Tuesday losses as "peanuts" when compared to both the economic importance of striking a favorable trade deal with China and the market's gains since his election. The Dow Jones Industrial Average "was about 16,000 or 15,000 and now it's almost at 30,000," Trump said from London. "It's going to be at 30,000."

"No, I have to tell you if it's not going to be a good deal, I'm not signing a deal," he added. Today's move is "peanuts compared to — We have picked up record numbers so that's OK. That's the way I feel."

 

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I thought realDonaldTrump does watch the market? $SPX $SPY $VIX

I thought he didn't watch the markets 🤔

Trump destroyed Hong Kong’s future and America’s credibility created by generations of Americans totally. What a loss! He is a moron!

unbelievable

red china our mortal enemy! almost as dirty as our fbi! and cia!

The fact that Trump even mentions the stock market in the same breath as his trade negotiations shows that he’s purposely manipulating the markets

I’m confused?

How the Trump stole Christmas, part 2. Now showing at a 401k account near you.

realDonaldTrump manipulating the market again for your advantage, not American retirees huh?

you hear that MrPeanut ?

Hear that, farmers? Peanuts. Go get second jobs.

Doesn't every trader wish they had the power to manipulate the market direction like this?

Consumers’ overall concern about the impact of recent trade policies and tariffs on their household spending was slightly down among the U.S. adult population in November. Full tariff monitor study:

Congress needs to step in and cancel the tariffs since likely they are unauthorized taxes

Is that what trump said when he had his six bankruptcies?

Right , But he just said he doesn't watch the markets, only jobs ... WHAT HORSE SHIT

Loose lips sink ships. Again and again.

Trade wars are easy to win - Donald J Trump Coming soon. Big bags of peanuts

Finally a President with a set of balls 🥳

THAT IS BECAUSE THERE IS NO DEAL. AND ANY DEAL MADE WILL BE WORSE THEN WHAT WE HAD.

Hipster_Trader so that means his puts aren’t in the money yet?

'President Trump announces substantial phase one trade deal with China' Fox 10/11/19 'President Trump said Thursday a new location for signing the “phase one” U.S.-China trade deal' CNBC10/31/19 There was no 'phase one' trade deal Why would anyone believe him? (rhetorical)!

The market has been tracking at all time highs for 9 months. Managers are sitting on massive piles of cash, waiting for an entry point, 5% or so off those highs. That will trip the next leg higher. Wake me up when the market is down 5%; I'm buying then.

Peanuts for major investors. Tariffs are nothing for major retailers. This entire fiasco is killing small business and retail investors. Who don’t have the resources to adjust. Any gains picked up by SB and RI in the past few years are being erased. realDonaldTrump

🤣😂😂🤣- realDonaldTrump ChinaDeal is close ChinaDeal is the biggest ever ChinaDeal is going to get done ChinaDeal will be great Today - NoChinaDeal - not till after Election2020 Why do Markets, jimcramer or the Fed ever take this guy seriously. LiarInChief

In a few years when economists review this time, I am just about certain that they will find out that insider trading was rampant.

It’s not peanuts to those who lost and continue to lose money because of his simple minded self and his sorry negotiating. No empathy at all!

tRump has already mapped out the timing for a China deal. It will be made in October 2020, 'October surprise.' Just before the election.

Tell the people at the loosing end of the drop that it's 'peanuts' Not everyone in the 'market' has millions of dollars to play with. Most of us have IRA or SEP accounts shoring up money for our retirement

Glad you picked up on THAT. Now go back to giving us bad advice CNBC

May turn out to be peanut butter. Watch out below.

Impeach this mutherfucker before he destroys the entire economy. We've had enough of this mad wannabe king.

Stick to your guns, President Trump 🇺🇸

Trump will never make any trade deal with any country. The markets are going to crash when they finally fully realize this.

Wonder who in his camp are buying lots of stocks today at a discount...hum

Wasn’t his $ it never is!

Any other day it would be the fault of the Fed.

Trump2020

Peanut is the size of what his brain would be if he had one

Peanuts? 🤦‍♀️

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