Donald Trump claims America is 'open for business' despite stock market plunge

Trump has often taken credit for the stock market's climb. Will he own the drops too?

This afternoon, President Donald Trump was in OH to speak to workers at a manufacturing plant and tout the recently passed tax cuts and the strength of the economy in general.

But Trump's economy-focused, campaign-style remarks on Monday ignored the beating the stock market has taken in the last two days of trading - including while he was speaking - with the Dow dropping more than 1,000 points in the biggest drop in the past two years amid turmoil in the United States bond market.

The Dow Jones industrial average plunged more than 1,100 points Monday as stocks suffered their worst loss in six-and-a-half years.

The conservative network has spent months promoting the Trump administration's claim that the market's health is a result of the president's policies and promises.

"In fact, we should be celebrating the things that the market is so anxious about: wages are going up ... because the economy is gaining steam", Peek said. And he didn't allow the stock market slide to dampen his remarks.

His reaction highlighted the risks for politicians who take credit for soaring stocks: the fall.

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And conservative media commentators have largely played along. Or maybe even President Trump.

Thus, the markets' flirtation with a correction is not a sign of economic weakness but simply a natural reaction to an unsustainable froth in the markets' recent rise.

"Number one, the Trump stock market rally, it rolls on", Varney told "Fox & Friends".

The stock market dip follows months of record highs, but still leaves the Dow at a significantly higher level than it was when Trump took office.

"The president's tax cuts and regulatory reforms will further enhance the USA economy and continue to increase prosperity for the American people", said Sanders. "It's based on the hope of what the Trump presidency could do for our economy and our country and it's dependent upon the Republican Party to come through for our president".

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