Coronavirus? Never heard of her.
According to Payne, Sanders’ recent presidential primary win in Nevada is what caused the Dow Jones Industrial Average to tumble to its biggest one-day point drop in three years, rather than the deadly COVID-19 outbreak that has claimed over 2,600 lives and continues to surge in new countries.
Sanders decisively won the Nevada Democratic caucuses Saturday, boasting high numbers in the Democratic primary’s most diverse contest thus far. Payne pointed to a dive in several health insurance stocks following Sanders’ win, saying “the Bernie factor is finally rearing its head in the stock market.”
Fox Business host Charles Payne blames much of today’s Dow plunge on Bernie Sanders’ Nevada win:
“The Bernie factor is finally rearing its head in the stock market…there’s absolutely no doubt.” pic.twitter.com/20041Y0oHE
— Justin Baragona (@justinbaragona) February 24, 2020
Sanders’ has made health care the hallmark of his campaign, but Payne attributing this to the stock market plunge might be a little iffy.
China, where the outbreak originated, boasts the world’s second-largest economy, so it shouldn’t be too surprising that the largest economy would be affected. Both the S&P 500 and the Nasdaq Composite fell 3.2 percent and 4 percent, respectively, on Monday, and several major industries, including several that rely heavily on Chinese consumers, have taken hits.
Still, Payne said this may be the first time Wall Street is taking “Sanders very seriously.”
But Payne should know that age-old wisdom tells us Sanders’ Nevada win wouldn’t travel far anyway — what happens in Vegas is supposed to stay in Vegas.
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