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Stephanie Ruhle Profile picture
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26 Oct, 4 tweets, 1 min read
THREAD: Dow is down 650 – WHY? Because of COVID resurgence.

Travel/leisure/hospitality – any industries that would be adversely impacted by additional lock downs & restrictions are getting hit the hardest.
Earnings have been improving – with expectations of strong GDP coming Thursday (strong GDP # is positive, but remember - we were under broad shut down mandates in Q2)
As we look at stocks tumble & Covid #'s rise, it is a key reminder that the economic recovery is 100% linked to the actual pandemic recovery.
Reminder: Not making any progress on stimulus means there's less $ for people to spend, less $ goes into the economy, and there are less ways for businesses to make $.

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More from @SRuhle

Stephanie Ruhle Profile picture
16 Oct
✔️ Trump town hall fact-check time!

Let’s break down the economic points President Trump made last night and explain why the false claims aren’t true.
Arguing that $400M isn’t much, his debt is just a bunch of mortgages on beautiful properties, saying he doesn’t owe $ to foreign entities, touting a V shaped recovery, companies are pouring back into U.S., that lenders asked him to borrow from them as a favor to them...
(CONT’D)
...saying he built the greatest economy ever...

NONE OF THE ABOVE IS TRUE
Read 8 tweets
Stephanie Ruhle Profile picture
8 Oct
THREAD: Money matters to voters, so what did we learn in last night's #VPDebate ?

Here’s a summary of what we heard, specifically the hits and misses on our very complicated economy ⬇️
Pence repeated the previously fact-checked claim that Trump turned the U.S. economy around.

FALSE: GDP was 2% & 2.3% under Obama, 2.5% under Trump. It was an economic expansion Trump made possible by the 2017 Corporate Tax Cut.
Pence says Biden will raises taxes on all Americans.

FALSE: Biden plans to partially repeal the corporate tax cut. Trump dropped the corporate tax rate from 35% - 21%.
Read 21 tweets
Stephanie Ruhle Profile picture
6 Oct
THREAD: It's time for another fact check. We're going to dig a little deeper into President Trump's messaging yesterday, where he essentially started tweeting: "Your 401k will be gone without me."
After Trump said this and the markets shot up, the White House and others tried to say it was because Trump was getting better.

That argument failed...markets were up on news of stimulus getting closer and they have tanked on the news that Trump pulled the deal.
The “he’s the economy guy” argument is growing weaker as small businesses face permanent closure without a relief bill extending more support.

Big businesses knows they will get hurt if consumers have less to spend (which they will without stimulus).
Read 7 tweets
Stephanie Ruhle Profile picture
6 Oct
THREAD: Comments by Fed Chair Jay Powell Are worth noting.

Despite all the Fed has done to keep markets afloat, he is very clearly urging Congress and the White House to save the real economy.

🚨THIS IS A “The Economy Is In Trouble” RED FLAG 🚨
This is very out of step for the Fed: an independent government agency that traditionally focuses on the financial system, not the economy.

Chairman Powell noted the inequalities in impact and recovery when discussing the economic developments and challenges ahead.
Powell said: “The burdens of the downturn have not been evenly shared. The initial job losses fell most heavily on lower-wage workers in service industries facing the public: job categories in which minorities & women are overrepresented."
Read 5 tweets
Stephanie Ruhle Profile picture
30 Sep
It’s time for a little bit of fact-checking.

THREAD: President Trump touted getting 10.4 million jobs back. He forgot to mention the 26 million people who are out of work, as well as the tens of thousands of small businesses on the brink of closing.
Big business isn’t doing all that well, either. Look at what happened yesterday:
We also often hear the president talking about how he built the greatest economy ever.

He literally cut corporate taxes in half, but didn’t cut anything for everyday Americans...leaving us with a $1.3T shortfall and forcing us to cut social programs.
Read 5 tweets
Stephanie Ruhle Profile picture
25 Sep
.@MSNBC EXCLUSIVE: Former Vice President and Democratic presidential nominee @JoeBiden joined me for a one-on-one conversation about election interference, economic policy, racial injustice and much more.

Read more of our discussion below ⬇️
I asked @JoeBiden what he would do if he wins and President Trump refuses to leave.

He told me: "Every vote in this country’s going to be heard, & they’ll not be stopped. And I’m confident...we’ll have an election in this country as we always have had, and he’ll leave."
In light of claims of Russian interference, I asked @JoeBiden what his message to Vladimir Putin was:

"If I’m elected, I’m coming, because here’s the deal. It’s a violation of our sovereignty...I promise you there will be consequences."
Read 8 tweets

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