Fox News Tweet Just Trolled Donald Trump With a Summary of October's Stock Market Numbers, and It's Brutal

US President Donald Trump speaks before boarding Marine One from the South Lawn of the White House in Washington, DC on October 15, 2018. - Trump is heading to Florida after Hurricane Michael devastated the state. (Photo by MANDEL NGAN/AFP/Getty Images)

Fox News has often been accused of serving as a mouthpiece for President Donald Trump and his policy proposals, but the latest message from the network's research team contradicts the president's claims that the stock market is the healthiest its ever been under his watch.

Fox News Research noted that the Dow, S&P 500 Index, and Nasdaq had all suffered their worst monthly point loss as of last month. The team dubbed October 2018 "A Scary Month for Stocks."

The Fox News Research team weren't the only ones noting last month's losses.

Entrepreneur Michael Skolnik pointed out that U.S. stock markets "lost nearly $2 trillion" last month, effectively wiping out gains made in 2018.

Earlier this week, political scientist Brian Klaas observed that the stock market is "down 2,174 points from late January 2018" an eight percent drop. The Dow is also lower than the day the president signed the GOP tax plan into law on the promise that the stock market would see significant gains in its wake. (Economists have long said otherwise.)

Bishop Talbert Swan of the Church of God in Christ said that not only have all of 2018's gains been "completely wiped out," but that the president and the GOP have added $1.3 trillion dollars to the national debt in one year, an amount which Business Insider notes is "the highest total debt issuance since the depths of the Great Recession."

In recent days, the president, in messages meant to assuage his base, has characterized the stock market's losses as "a little pause," although yesterday he wrote that the stock market had risen "more than 400 points."

The president was also taken to task for his claims about the stock market last week when construction equipment manufacturer Caterpillar blamed its disappointing stock market performance, which kept its adjusted earnings guidance for 2018 steady, falling short of the increase analysts had projected, on his tariffs. The company’s analysts say “higher material costs due to steel and tariffs” drove up manufacturing costs, which caused its stock to dive 8 percent despite an 18 percent increase in company revenue.

If you were to ask the president, however, you’d hear a different story. That day, the president responded to criticism of the tariffs his administration imposed on steel and aluminum imports, insisting that tariffs would continue so long as other countries don’t “give us a fair Trade Deal.”

Caterpillar’s announcement comes after electric vehicle manufacturer Polaris Industries said its suppliers “must help offset the cost of President Donald Trump’s trade wars if they want to keep doing business,” according to Bloomberg.

Polaris is “making good progress with domestic suppliers saying, ‘Hey, we’re not taking that price increase.’ Or more recently, telling our Chinese suppliers, ‘Hey, if you want to continue to be a supplier to us, you’re going to have to take some of these costs,’’’ said Chief Executive Officer Scott Wine, who noted that the president’s trade wars caused Polaris’s stock price to dip 31 percent.

The president remains steadfast in his belief that tariffs are necessary to address the signs of what he believes to be an era of waning American influence on international markets.

In March, shortly before confirming that the U.S. would impose tariffs on aluminum and steel, Trump attracted criticism for claiming that trade wars “are good, and easy to win.”

Stocks saw modest improvement today after the president wrote that he'd made some progress with China on trade.

Trump and Chinese President Xi Jinping are scheduled to meet and discuss the U.S.-China trade relationship at the G-20 conference at the end of this month.

Blaze TV

Continuing a steady slide to the right since her tenure as President Donald Trump's United Nations ambassador, former South Carolina Governor Nikki Haley is under heat for recent comments regarding the Confederate flag.

The comments came during an interview with far-Right Blaze TV host Glenn Beck.

Keep reading... Show less
Fox News

Former Vice President and current 2020 Presidential candidate Joe Biden erupted at a man during an Iowa town hall who accused him of actively working to get his son Hunter a board position on the Ukrainian energy company Burisma Holdings. Biden called the man a "damn liar" before challenging him to pushups.

Republicans seized on the moment as an opportunity to discredit Biden as a candidate, but Fox and Friends cohost Ainsley Earhardt's reaction may be the most deluded yet.

Keep reading... Show less
Bryan Woolston/Getty Images // @parscale/Twitter

House Speaker Nancy Pelosi (D-CA) has repeatedly made clear that, after President Donald Trump solicited Ukrainian leaders to announce investigations that personally benefitted him, the decision to launch impeachment proceedings wasn't a political maneuver, but a constitutional mandate.

The move came after years of Trump's supporters, as well as some critics, insisted that impeachment would be political suicide for the Democrats.

Since shortly after the inquiry's announcement in September, support for impeachment outweighed its oppositon as more revelations surfaced of Trump's dealings with Ukraine, but his 2020 campaign manager Brad Parscale attempted to show that Pelosi's move to impeach would lose Democrats their House majority.

Keep reading... Show less

Shortly after House Speaker Nancy Pelosi (D-CA) announced that representatives would begin drafting articles of impeachment against President Donald Trump, House Minority Leader Kevin McCarthy took the podium to defend the President and the Republican party as a whole.

It could've gone better.

Keep reading... Show less
SAUL LOEB/AFP via Getty Images // MANDEL NGAN/AFP via Getty Images

One day after the House Judiciary Committee's hearing on impeachment, House Speaker Nancy Pelosi (D-CA) held a press conference announcing that the House would begin drafting articles of impeachment, with a possible floor vote as soon as Christmas.

The press conference signaled the beginning of the end of the impeachment inquiry in the House.

Keep reading... Show less
Salwan Georges/The Washington Post via Getty Images

The House Judiciary Committee, in its public impeachment hearing against President Donald Trump on Wednesday, consulted four constitutional scholars for greater insight to the legal implications of the President's Ukraine scandal—and whether they merit impeachment.

Three witnesses, called by Democrats, each made compelling arguments for the articles of impeachment with which Trump could be charged.

George Washington University professor Jonathan Turley—invited by Republicans—was the lone dissenter.

Keep reading... Show less