Trump downplays coronavirus fears, oil price war as stock market plunges
President Trump on Monday down played a stock market rout driven by panic over the coronavirus outbreak and an oil price war, blaming Russia, Saudi Arabia and the media for undercutting investors.
“Good for the consumer, gasoline prices coming down!” Trump tweeted Monday morning after all three major stock indexes plunged 7 percent amid growing fears of an oil price war.
“Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!”
Trump also accused the media of stoking unnecessary fear over the coronavirus outbreak within the U.S., asserting in contradiction to U.S. health officials that it was comparable to influenza.
"So last year 37,000 Americans died from the common Flu. It averages between 27,000 and 70,000 per year. Nothing is shut down, life & the economy go on." Trump tweeted.
https://thehill.com/policy/finance/486593-trump-downplays-oil-price-war-as-stock-market-plunges
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