Most Americans disapprove of President Trump's handling of the U.S. economy, despite entering the White House on the promise of lowering prices for consumers.
Gallup just registered Trump's worst economic approval rating on record, at -12 (42% approve/54% disapprove). Throughout Trump's first term it was a relative strength for him, and previously his lowest economic rating with Gallup was -8 in June 2017.
-- Will Jordan (@will-jordan.bsky.social) February 19, 2025 at 3:36 PM
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Dow tumbles more than 700 points as inflation and tariff fears mountwww.cnn.com
US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump's tariffs could reignite the inflation crisis.
The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and the Nasdaq was 2.2% lower. The Dow tumbled for the second consecutive day, falling about 1,200 points over the course of Thursday and Friday.
The University of Michigan's latest survey, released Friday, showed that US consumer sentiment declined in February for the second consecutive month, according to a final reading, down by a steep 10% from January. That was double the decline initially reported earlier this month.
Could?:
Americans worry Musk's campaign to slash government could hurt services, Reuters/Ipsos poll findswww.reuters.com
A majority of Americans worry that Elon Musk's drive to slash the federal government could hurt services their communities depend on and believe that billionaires have too much influence on President Donald Trump's administration, a new Reuters/Ipsos poll found.
Some 58% of respondents to the six-day survey completed on Tuesday said they were concerned that federal programs such as Social Security retirement payments and student aid could be delayed by Musk's campaign, double the 29% of respondents who said they did not worry about it.
Americans, including some of Trump's most ardent supporters, are nervous about the influence wealthy Americans are having on the White House after Trump stocked his cabinet and circle of advisers with corporate executives and billionaires.
Among poll respondents, 71% agreed with a statement that the very wealthy have too much influence on the White House, and 69% said they think the wealthy are making money off their White House connections.
Even among Americans who said they strongly identify with the Make America Great Again, or MAGA, movement--the president's most ardent supporters who make up about a third of his party--some 44% thought the richest Americans were profiting from White House connections.
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