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Raw Story: 'Planet you do not want to be on!' CNN analyst aghast as he shares record-breaking numbers
Raw Story - 'Planet you do not want to be on!' CNN analyst aghast as he shares record-breaking numbers
Matthew Chapman
April 22, 2025 10:24AM ET
President Donald Trump's trade war has led to a collapse of the stock market that eclipses any other presidency in modern history, CNN forecaster Harry Enten told CNN's Kate Bolduan on Tuesday morning.
"The stock market was down in a big, big, big way yesterday," Bolduan asked him. "How poorly has the stock market done since Trump took office?"
"Sometimes you look at the day-to-day and I feel like we can get lost," said Enten, a frequent analyst of Trump's polling numbers who has flagged precipitous declines this year.
"So let's take a look over the whole stretch of the Trump presidency as we approach day 100. The S&P has dropped the most under Trump for any president at this point in their presidency since the S&P 500 was in fact created back in 1957. And indeed, it is not anywhere close, folks. It's not anywhere close under Trump. It's dropped — get this — 14 percent."
The second biggest drop, he noted, was the 7 percent decrease under former President George W. Bush as a result of the September 11 attacks.
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Matthew Chapman
April 22, 2025 10:24AM ET
President Donald Trump's trade war has led to a collapse of the stock market that eclipses any other presidency in modern history, CNN forecaster Harry Enten told CNN's Kate Bolduan on Tuesday morning.
"The stock market was down in a big, big, big way yesterday," Bolduan asked him. "How poorly has the stock market done since Trump took office?"
"Sometimes you look at the day-to-day and I feel like we can get lost," said Enten, a frequent analyst of Trump's polling numbers who has flagged precipitous declines this year.
"So let's take a look over the whole stretch of the Trump presidency as we approach day 100. The S&P has dropped the most under Trump for any president at this point in their presidency since the S&P 500 was in fact created back in 1957. And indeed, it is not anywhere close, folks. It's not anywhere close under Trump. It's dropped — get this — 14 percent."
The second biggest drop, he noted, was the 7 percent decrease under former President George W. Bush as a result of the September 11 attacks.
/snip/
/snip