The NPR Politics Podcast Weekly Roundup: February 28th
Feb 28, 2020
Scott Horsley, NPR's chief economics correspondent, dives into the week’s drastic stock market decline due to coronavirus fears, discussing its potential impact on the upcoming elections and the administration's efforts to maintain public confidence. He also examines Joe Biden's critical moment in the South Carolina primary, highlighting his campaign dynamics and growing momentum following recent endorsements. The conversation blends economic insights with political strategy, setting the stage for pivotal decisions ahead.
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Stock Market Free Fall
- The stock market's free fall reflects investor concern about the coronavirus's economic impact.
- This drop is the worst since the 2008 financial crisis, causing varied descriptions like "dive," "slide," or "correction."
Trump's Take on the Market
- President Trump partly blames the Democratic debate for the market downturn, not solely the coronavirus.
- This highlights the administration's concern over the virus's potential impact on Trump's reelection chances.
Market Drop and Election Impact
- A 15% stock market drop could shift the election's predicted outcome according to Moody's Analytics economist Mark Zandi.
- This model assumes the drop sustains for some time.