CNN’s’ Christine Romans: Stock Market ‘Is Going up Because of the Expectation of Tax Cuts’

‘This market is going up because of the expectation of tax cuts’

EXCERPT:

ROMANS: "It's so interesting here, because to hear a president talk about the stock market and cheerlead it like this, it’s something that those of us who cover markets rarely, rarely see. And the Treasury Secretary Steven Mnuchin actually telling 'Politico', he actually said this; he said, if we don’t get tax cuts, the market will tank. Really unusual to have the treasury secretary talking about --"
HARLOW: "Tank?"
ROMANS: "-- the stock market in that way, he said --"
HARLOW: "Wow!"
ROMANS: "-- the stock market won’t keep goinf up if you -- if you don’t cut taxes. So putting -- putting the stock market in a kind of political football language I think was -- was pretty interesting. But this market is going up because of the expectation of tax cuts."
BERMAN: "But maybe not today."

Video files
Full
Compact
Audio files
Full
Compact