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  • teft@lemmy.worldtoNot The Onion@lemmy.world•Fox News removes their Dow ticker as stocks crater from Trump's new tariffsEnglish
    36·
    16 days ago

    Here is just the text for anyone who cares for their eyeballs

    It appears as though FOX News removed their DOW ticker as it dropped 1,228 points today, following President Donald Trump’s tariff announcements.

    A screenshot on X showcased the moment. In a clip, Kayleigh McEnany, Trump’s former press secretary, was on Fox speaking today as the DOW sank, and the screen was missing its usual DOW ticker.

    It’s not the first time the conservative news giant has done so, as others have recorded them getting rid of their DOW ticker pretty much anytime there was a significant loss. There’s a clip of Trump on in August 2024, and as the DOW fell, the FOX ticker was removed.

    It comes after Trump had to be ‘guided back’ on stage following his tariff-touting speech after ‘forgetting’ to sign his executive order, sparking health fears after yet another strange moment.

    Buzzfeed reported the same back in March, when stocks first fell after Trump announced his original tariff plans.

    Users on X responded with their usual: jokes about Fox news. “Fox News logic is if the ticker’s gone, the crash didn’t happen,” writes one user. Another laughed, “Good thing I developed object permanence when I was a baby.”

    “Naturally, they would prefer that their audience remain oblivious to the impact Donald Trump’s tariffs are having on them,” said another.

    wall street floor The stock market opened up with all three major stock indexes going under (Image: Getty Images)

    Yesterday, President Trump announced far-reaching new tariffs on nearly all U.S. trading partners. The Trump tariff hikes included another 34% tax on imports from China, which was already looking at a 20% tariff hike, bringing the total tariffs on Chinese products to 54%, as per NBC.

    Trump also added a 20% tax on products from the European Union, a 10% baseline tax on imports from all countries, 46% on Vietnam, and 32% on Taiwan. All in all, 180 countries were on the tariff list.

    The new price hikes could be a painful transition for many Americans as middle-class essentials such as housing, autos, and clothing are expected to become more costly, while disrupting the alliances built to ensure peace and economic stability. The lack of faith has now transferred to the stock market, which has been in a tailspin since the announcement.

    US President Donald Trump signs an executive order after delivering remarks Trump signed the tariff executive order, adding taxes to nearly imports from around the world (Image: AFP via Getty Images)

    The S&P 500 was down 3.7% in afternoon trading, more than other major stock markets, and at its bottom in the morning was on track for its worst day since COVID struck in 2020. The Dow Jones Industrial Average was down 1,228 points, or 2.9%, as of 1:08 p.m. Eastern time, and the Nasdaq composite was 4.8% lower.

    Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower.

    Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.5% to pull it more than 20% below its record.