Donald Trump warns of market crash in flurry of anti-impeachment tweets

Trump called Democrats' inquiry the "greatest scam in the history of American politics," in a separate tweet

Washington: President Donald Trump speaks to members of the media at the White House in Washington, Wednesday, July 24, 2019, as he departs for a short trip to Andrews Air Force Base, Md., and onto Wheeling, W.Va., for a fundraiser. AP/PTI(
Washington: President Donald Trump speaks to members of the media at the White House in Washington, Wednesday, July 24, 2019, as he departs for a short trip to Andrews Air Force Base, Md., and onto Wheeling, W.Va., for a fundraiser. AP/PTI(
Caitlin Webber | Bloomberg
1 min read Last Updated : Sep 26 2019 | 6:37 PM IST
President Donald Trump predicted sinking stocks and a reversal of economic gains if House Democrats’ impeachment inquiry proceeds.

“If they actually did this the markets would crash,” Trump said in a tweet Thursday morning that cites stock session lows after House Speaker Nancy Pelosi’s impeachment inquiry was announced Tuesday.

Trump said the strong stock market and economy wasn’t “luck” in the tweet, one of more than a dozen sent early Thursday related to impeachment and defending himself against wrongdoing related to a request for Ukraine to investigate a chief 2020 Democratic rival, former Vice President Joe Biden.

Trump called Democrats’ inquiry the “greatest scam in the history of American politics,” in a separate tweet.

The investigation proceeds Thursday as Acting Director of National Intelligence Joseph Macguire testifies before the House Intelligence Committee on a whistle-blower complaint detailing Trump’s July 25 request to Ukraine President Volodymyr Zelenskiy. A redacted version of that complaint has been declassified and is expected to be released Thursday, according to people familiar with the matter who have asked not to be named to discuss information that’s not yet public.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Donald Trump

Next Story