Fox Business host blames stock market plunge on Bernie Sanders
Coronavirus? Never heard of her.
Fox Business host Charles Payne is attributing Monday's massive stock market drop — which is widely considered to be connected to the deadly coronavirus outbreak — to Sen. Bernie Sanders (I-Vt.).
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sanders decisively won the Nevada Democratic caucuses Saturday, boasting high numbers in the Democratic primary's most diverse contest thus far. Payne pointed to a dive in several health insurance stocks following Sanders' win, saying "the Bernie factor is finally rearing its head in the stock market."
Sanders' has made health care the hallmark of his campaign, but Payne attributing this to the stock market plunge might be a little iffy.
China, where the outbreak originated, boasts the world's second-largest economy, so it shouldn't be too surprising that the largest economy would be affected. Both the S&P 500 and the Nasdaq Composite fell 3.2 percent and 4 percent, respectively, on Monday, and several major industries, including several that rely heavily on Chinese consumers, have taken hits.
Still, Payne said this may be the first time Wall Street is taking "Sanders very seriously."
But Payne should know that age-old wisdom tells us Sanders' Nevada win wouldn't travel far anyway — what happens in Vegas is supposed to stay in Vegas.
