“Dow surges above 30,000 for first time as buyers cheer transition to Biden administration,” wrote Enterprise Insider.
“Dow soars previous 30,000 mark,” The Washington Submit announced, including in a subhead, “Traders cheer because the White Home transition will get underneath means, and Janet Yellen is tapped for treasury secretary — steps seen as progress in stabilizing the economic system.”
Merely put, buyers are completely elated over Joe Biden’s rise and Trump’s demise. And for Trump, the historic inventory market information and its context had been clearly a killer. Inside minutes of the headlines hitting on Tuesday, Trump known as a spontaneous press convention within the White Home briefing room so he might rush out and take credit score for the surge.
In a matter of 64 seconds (sure, 64 seconds!), Trump let Individuals know that the Dow’s rise and regular vaccine developments are all his doing.
“I simply wish to congratulate all people. The inventory market Dow Jones Industrial Common simply hit 30,000, which is the best in historical past. We have by no means damaged 30,000,” Trump instructed reporters, including, “By no means been damaged, that quantity, that is a sacred quantity, no person thought they might ever see it.” (Ah, a Trump favourite—the likes of which nobody has ever seen.)
Trump claimed it was the ninth time in 2020 and the 48th time total that his administration had damaged information—it is unclear precisely which measures for these “information” had been floating round in his slippery thoughts.
Trump additionally expressed being “thrilled” over progress on the coronavirus vaccines. “Nothing like that has ever occurred medically,” he added, suggesting that maybe he is by no means heard of vaccines.
However Trump, ever magnanimous, mentioned he merely needed to return out and congratulate the individuals of the nation. Then, 64 seconds later, he ran for the briefing room exits with out taking a single query.
He can be missed.