Trump Blames Democratic Midterm Sweep for Stock Market Volatility
- Democrats regained majorities in both the House and Senate.
- President Trump blamed 'Dumocrats' for the recent stock market crash.
- AI-related stocks saw major sell-offs following the midterm elections.
- Senator-elect Sherrod Brown and Governor-elect Gina Hinojosa oppose data-center expansion.
- Trump warned that Democratic mayoral wins could harm cities and states.
President Donald Trump blamed Democratic midterm election victories for recent stock market volatility in a post on Truth Social. Democrats regained the majority in the House with at least 253 seats and the Senate with at least 54 seats on Tuesday, a shift described as a bluenami.
While the market saw a rally on Wednesday following the midterm elections, artificial-intelligence-related stocks faced major sell-offs on Thursday.
AI stocks face pressure from data-center moratoriums
Investor fears regarding the future of the US AI industry are linked to Democratic winners such as Senator-elect Sherrod Brown of Ohio and Governor-elect Gina Hinojosa of Texas, who opposed widespread data-center expansion.
Data-center moratoriums have become popular among candidates of both parties. Governor Kathy Hochul of New York has already implemented such moratoriums this year.
Trump predicts future strength despite election results
Trump addressed the economic outlook following the midterm election results by telling supporters not to fear. He stated: "Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE.".
Trump criticizes mayoral election outcomes in major cities
Trump warned that Democratic Socialist mayoral victories in Los Angeles and Washington, DC could cause lasting harm to cities and states. He predicted a “disaster” based on historical trends.
Trump described the Los Angeles election as “a very disgraceful event”. He said he had anticipated Spencer Pratt reaching the final round of the contest.
Trump alleged that U.S. elections were “crooked”. Regarding New York, he said he got along with a “very nice gentleman” and wished the city success.
Trump claims success in military and foreign policy
President Donald Trump commended Secretary of War Pete Hegseth, stating he had performed a “fantastic job”. Trump also asserted that the United States currently has more generals than it did during World War II.
Regarding international conflicts, Trump claimed the struggle with Venezuela lasted 48 minutes, resulted in no deaths, and was a “total success”. He asserted that the United States is at war with Iran.
Trump alleged that the United States controls the Strait of Hormuz and that oil flow through the passage has increased compared to pre-war levels. He touted the success of the U.S. blockade and claimed the country “destroyed somebody”.
Toyota expands robotics operations in Japan
Toyota operates 436 Geek+ autonomous mobile robots across multiple plants in Japan. These single robot systems scale to about 200 robots each.
Software controls the robot routes, allowing them to change automatically when production lines or product mixes shift, which eliminates the need for conveyors. The use of these robots reduces crossings between forklifts, tuggers, and people while providing travel data on inventory movement.
The company is currently conducting a hiring search for a new Vice President of Sales in the United States.
Frequently Asked Questions
- Trump blames voters for post-midterm market ‘crash’ (washingtonexaminer.com)
- ‘People will be unhappy, but it’ll be too late’: Trump sees disaster ahead after midterm losses - The Economic Times Video | ET Tv (economictimes.indiatimes.com)
- 'He's done a fantastic job': Trump backs Hegseth amid growing calls for his removal - The Economic Times Video | ET Now (m.economictimes.com)
- CJ Trump (linkedin.com)
- Paris Bourse crash of 1882 (Wikipedia — background) (en.wikipedia.org)
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