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It's Christmas in America: The President is home alone in the White House, ranting at his foes inside and outside; an administration lurching deeper into crisis; stock markets are in free fall and the government is paralyzed by a partial shutdown.
Donald Trump is spending the festive season as he did much of the year, sparking chaos and raising concerns in the capital and around the world about his impulsive behavior and boiling with frustration as he barges right up to the limits on his power.
One reason for his fury: A favorite barometer of his own success has been stripped away by days of savage losses on the markets. In a shortened Christmas Eve session, the Dow Jones Industrial Average tumbled more than 600 points after a bizarre attempt by Treasury Secretary Steven Mnuchin on Sunday to calm investors by consulting with the CEOs of top banks backfired. Losses were compounded by another of Trump's Twitter attacks on the Federal Reserve -- following revelations that he has asked if he can legally fire the independent central bank's chairman, Jerome Powell.
The Dow fell 2.91% and the S&P 500 dipped 2.71% in the biggest Christmas Eve declines in the two indices' history. The slump came after the stocks last week had their worst week since the Great Recession a decade ago, and the last time the market fell so far in December was in 1931, during the Great Depression.
More at https://tinyurI.com/y8u6ado6
Donald Trump is spending the festive season as he did much of the year, sparking chaos and raising concerns in the capital and around the world about his impulsive behavior and boiling with frustration as he barges right up to the limits on his power.
One reason for his fury: A favorite barometer of his own success has been stripped away by days of savage losses on the markets. In a shortened Christmas Eve session, the Dow Jones Industrial Average tumbled more than 600 points after a bizarre attempt by Treasury Secretary Steven Mnuchin on Sunday to calm investors by consulting with the CEOs of top banks backfired. Losses were compounded by another of Trump's Twitter attacks on the Federal Reserve -- following revelations that he has asked if he can legally fire the independent central bank's chairman, Jerome Powell.
The Dow fell 2.91% and the S&P 500 dipped 2.71% in the biggest Christmas Eve declines in the two indices' history. The slump came after the stocks last week had their worst week since the Great Recession a decade ago, and the last time the market fell so far in December was in 1931, during the Great Depression.
More at https://tinyurI.com/y8u6ado6