Fox Business’ Charles Payne Blames Stock Market Plunge on ‘The Bernie Factor’
The Dow fell almost 1000 points on Monday on fears about the Coronavirus, but on the Fox Business network there was another explanation: Senator Bernie Sanders victory in the Nevada caucus. Fox host Charles Payne blamed Sanders for spooking the markets.
“The Bernie factor is finally rearing its head in the stock market,” Payne said. He went on to talk about falls in stock prices for medical and drug companies.
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
“There’s absolutely no doubt,” that Sanders has affected the stock market today, Payne said. He also said that Senator Elizabeth Warren had had a similar effect in the past.
Payne’s claim is simply not credible. Stock markets in the U.S. and Europe fell today because of concerns about the Coronavirus, which has affected the Chinese economy and has spread to other countries. There is serious dispute about the effect any politician can have on the stock market.
Watch the video above, via Fox Business/Twitter.