Democratic presidential candidate Tom Steyer on Trump's contribution to US market fears: 'Americans should be worried because our President is a fraud and a failure when it comes to business and when it comes to managing our economy'
Washington President Donald Trump enjoyed a brief stock market bounce after deciding to delay his threatened tariffs on Chinese-made cell phones and toys, but Wednesday's very bad day for the US stock market underscored the grim economic reality facing the President as he runs for reelection.
Both China and Germany -- the world's second- and fourth-largest economies -- delivered disappointing economic data overnight. Germany, which relies heavily on exports to China and the US, reported a slight contraction in the second quarter, opening up the possibility that it might tip into full-blown recession.
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