Speed Reads

stuck like glue

Trump is reportedly 'glued to' stock market fluctuations

President Trump may be conspicuously silent when it comes to major stock market losses, but he's apparently still watching every move with rapt attention.

Several officials close to Trump say he values the Dow Jones Industrial Average as an indicator of his success and job performance in the same way he values presidential approval poll numbers, The Wall Street Journal reports.

The president reportedly watches every little update on TVs he tunes to business networks. "He's glued to it," one person close to the White House told the Journal.

Trump's obsession with markets has continued this week after his self-described "historic" meeting with Chinese President Xi Jinping. Trump is now reportedly questioning why the temporary tariff truce with China hasn't reflected more positively in U.S. markets.

While talking with his advisors, Trump was reportedly convinced the market lows were due to the Federal Reserve's plan to raise benchmark interest rates. However, some investors and administration officials attribute the downturn to Trump labeling himself a "Tariff Man" on Twitter Tuesday, signaling potentially heightened tensions with China down the road. Read more at The Wall Street Journal.