The Presidential Daily Brief

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    Global Stocks Tumble After Wall Street Slide

    Long-suffering Chinese stocks fell nearly 6 percent today following Wednesday’s U.S. stock market decline. The Dow dropped 832 points, or 3.2 percent, while the tech-heavy Nasdaq slid 4.1 percent — its worst decline since June 2016 — including Netflix taking an 8 percent hit. Early trading in Europe was also lower. Rising yields on U.S. Treasury bonds, stoked by Federal Reserve interest increases, were blamed for the sell-off. President Donald Trump was blunt in his analysis, saying, “The Fed has gone crazy.”

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