US. President Donald Trump speaks to media representatives after a solemn swearing in of Eugene Scalia, US Secretary of Labor, at the White House Oval Office in Washington, DC.
Chris Kleponis | Bloomberg | Getty Images
President Donald Trump blamed the Democrats on Wednesday for stifling the stock market on Wednesday, and their 401K fell. But that is exactly what the Democrats want to do.
The President's comments came when Wall Street's major stock indexes fainted for the second consecutive day, and the Dow Jones Industrial Average fell more than 530 points in mid-day trading ̵
Others said that continuing trade fears between Washington and Beijing are also worried about import prices and supply chain disruption.
Trump, for his part, referred to Speaker of the House Nancy Pelosi, who announced on September 24 an impeachment investigation against Trump alleging that he had abused his power. The leading Democrat took official action to investigate Trump after the presidency he had made a controversial phone call with his Ukrainian counterpart asking for help in the investigation of former Vice President Joe Biden. The stock markets would overthrow if the Congress successfully removed him from office.
"If they did, the markets would crash, believe that it was fortunate that we came to the best stock markets and the best economy in our history, it was not like that." In the recent development of the impeachment investigation, Rep. Elijah Cummings, D-Md., chairman of the House Oversight and Reform Committee, said he plans to summon the White House for documents related to Issue Ukraine.
This is an evolving story. Check again for updates.