Weekly Plunge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That's the deepest weekly plunge since the recession in 2008. president trump blames the fed chair for the downfall. according to bloomberg, trump is even thinking about firing jerome powell, blaming higher interest rates for the market hits. >> cnn's money and politics reporter has more from the stock exchange. good morning to you. >> reporter: a brutal week in the market. the dow and s&p on track for the worst december since the great depression and the worst yearly performance in a decade. this week the selling began in earnest on wednesday when the federal reserve raised interest rates. in...

A bad end to an awful week on wall street. the dow closed down, 414 points on friday. for the week, it fell 6.9%. that's the deepest weekly plunge since the recession in 2018. sources are telling cnn that president trump is blaming the federal reserve and higher interest rates for the market slide. he's even thinking of firing fed chairman jerome powell. cnn's politics and business correspondent christina aleshi has more. >> reporter: a brutal week in the market. dow and s&p on track for the worst december since the great depression, and worth nearly performance in a decade. selling began in e...

When they made that decision to make that hike, i almost felt like they didn't have a choice because they were getting so much pressure from the president to do the opposite, it felt like they would have had to cave in. so i think the little caveat for next year is they will only do two rate hikes versus three. but to be able to influence something direct like that will not be in his power. >> we'll have more of my interview with ryan patel in the next murder and talk more about the other factors that are driving the markets down and driving a lot of people in the markets kind of coo-coo. >> w...