'It does confuse me': Fox News host fact-checks pundit claiming stock market better under Trump
05 August 2024
Fox News host Neil Cavuto proved Monday that he is not afraid of calling out Donald Trump's contradictory claims when it comes to the US stock market.
Mediate points out that the former president in February "took credit for the booming stock market because, he claimed, investors 'think I’m going to be elected.'
On Monday, Trump blamed President Joe Biden and Vice President Kamala Harris for "a massive market downturn" via his social media platform, Truth Social.
READ MORE: US strong economic growth 'continues to defy expectations' as expert credits Biden policies
"Kamala is even worse than Crooked Joe," the former president wrote. "Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole."
Trump also claimed: "Stock markets are crashing, job numbers are terrible, we are heading to World War III, and we have two of the most incompetent "leaders" in history. This is not good!!!"
Cavuto, speaking with Fox News' Mike Emanuel Monday expressed his confusion towards Trump's claims.
"The Donald Trump thing and the market amazes me," the Your World with Neil Cavuto host said. "When they’re up, it’s all because of him, and they’re looking forward to him. When they’re down, it’s all because of the Democrats and how horrific they are. Yet, of our biggest-point falloffs – three of the biggest top 10 occurred during his administration. Now, a lot of those were in the Covid years. I get that. But you know, you either own the markets or you don’t. It does confuse me."
READ MORE: Ex-Obama treasury official shreds Trump’s talking points in brutal fact-check
Cavuto added, "I keep a very, very close look at all the records here – selloffs and otherwise. Three big ones, the three biggest among them in the history of the markets occurred during the Trump administration. Not all on him, but they did occur under his watch."
Watch the video below or at this link.