Treasury Secretary Scott Bessent joined Martha Raddatz on ABC’s This Week earlier right this moment.
Throughout their interview, Bessent took a swing on the pretend information media.
Treasury Secretary Scott Bessent: After I take a look at a few of the issues which are being printed, there was a narrative 10 days in the past that stated, That is the worst April for the inventory market for the reason that Nice Melancholy. Ten days later, the Nasdaq is now up within the month of April, and I haven’t seen a narrative that claims, Oh, inventory market has greatest bounce again ever.
Martha Raddatz: It actually has gone forwards and backwards.
Scott Bessent: I feel quite a lot of that is media-driven.
After all, Secretary Bessent is appropriate. The NASDAQ was at 19,278 on March 31, 2025. On Friday the NASDAQ was at 19,432 on April 25, 2025. The NASDAQ is greater than it was on the finish of Might DESPITE President Trump’s tariffs coverage.
That’s fairly exceptional.
However as a substitute of admitting her grievous mistake, Raddatz brushed it off because the markets going “forwards and backwards.” That’s not appropriate. The market has carried out remarkably this month and EVERYONE within the pretend information has egg on their face as soon as once more. As a substitute of apologizing Raddatz lies once more to the American public.
You actually can’t hate this pretend information media sufficient!
Through Rapid Response 47:
.@SecScottBessent: “There was a narrative ten days in the past that stated that is the worst April for the inventory market for the reason that Nice Melancholy. Ten days later, the Nasdaq is now up on the month of April, and I haven’t seen a narrative that claims ‘inventory market has greatest bounce again ever.’” pic.twitter.com/gbU68ocKV8
— Speedy Response 47 (@RapidResponse47) April 27, 2025
