"Bloodbath" Trump's recession rhetoric wiped $1.75 trillion off U.S. stocks

On March 11, according to Al Jazeera, the market value of the U.S. stock market evaporated by $1.7 trillion after U.S. President Donald Trump refused to rule out the possibility of the U.S. economy falling into recession this year. The market plunge comes at a time when Mr. Trump’s repeated tariffs have rattled investors and raised fears that the economy could slow sharply or, in the worst case, a recession. NYSE trader Peter Tuchman described Monday’s trading as a “bloodbath.” “Last week we had a rollercoaster ride, with ups and downs, all of which were the result of decisions made by the President’s Office, complete indecisiveness, confusion and mixed information, and the investment community lost confidence in the whole situation,” he said. U.S. Democratic Senator Warren said, “We’re in real economic trouble because of the president.” Right now, the stock market is a flashing warning light. ”