alison kosik is at the stock exchange with much more on this. alison, is president trump directly affecting the markets with what he's talking about here? >> reporter: i'll tell you this much, kate, president trump certainly not instilling any confidence in the stock market. first you heard that report over the weekend where the president questioned if he has the legal authority to fire jay powell because he blames the fed chair for the market meltdown. and the tweet you just showed a short time ago, blaming the fed, that actually caused the dow to accelerate its losses. it made the shortened trading session today anything but sweet. then you had treasury secretary steve mnuchin's phone call to big bank ceos over the weekend, that didn't hit the market in a friendly fashion either, proof of that are the red arrows and the dow closing at its lowest level since september of last year. a source family with these calls told cnn that these ceos were totally baffled by the move that came out of nowhere, with