Fox's Stuart Varney Blames The Press Covering News Of Trump Scandals For Markets Taking A Dive

Varney: "This Over-The-Top Media Response To This Latest Investigation, That Is Hurting You And Every One Of Our Viewers, Hurting Their Money"

Video ››› ››› MEDIA MATTERS STAFF

From the May 18 edition of Fox News' Fox & Friends:

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STEVE DOOCY (CO-HOST): Well, the Dow dove, as you can see right there, closing at nearly 373 points lower, about close to a two percent decline, making this the biggest drop in the Dow since September. 

AINSLEY EARHARDT (CO-HOST): And the media now taking aim, of course, blaming none other than President Trump. But is that really fair?

[...]

BRIAN KILMEADE (CO-HOST): Stuart, what caused this?

STUART VARNEY: The bottom line is that investors are increasingly anxious, increasingly worried that they will not get any of the Trump growth agenda, the Trump growth plan this year. That is a legitimate concern. The market went straight up after the election because we were expecting tax cuts, less red tape, infrastructure plan. We haven't got any of it in six months into the presidency. And these investigations and the political turmoil simply make things worse. 

EARHARDT: Why the concern now? 

VARNEY: Look, we've had an extraordinary 10 days, have we not, with scandal after scandal and the appointment of a special counsel now to investigate any Russian connection. That is political turmoil. That's going to hang over any legislation that reforms the tax code, that repeals and gets rid of Obamacare. This is hanging over everything. So, it makes it less likely, I think frankly almost impossible, that you will get tax reform done this year. And if it's delayed until next year -- 

KILMEADE: Paul Ryan said just the opposite yesterday. He said, "We're still moving along." 

[...]

VARNEY: This over-the-top media response to this latest investigation, that is hurting you and every one of our viewers, hurting their money.

Previously:

CNN’s Brian Stelter: Fox Is Living In An “Alternate Reality” Where Bombshell Allegations Aren’t A Giant Problem For Trump

David Gregory Calls Out Fox News For Sneering At Journalism

Sean Hannity: James Comey "Was A National Embarrassment" And "A Complete Failure"

Posted In
Economy, The Presidency & White House
Network/Outlet
Fox News Channel
Person
Stuart Varney
Show/Publication
FOX & Friends
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