Stock market tweet falsely attributed to Trump
CLAIM: President Donald Trump tweeted on Feb. 25,2015: “If the Dow Joans ever falls more than 1000 ‘points’ in a Single Day the sitting president should be ‘loaded’ into a very big cannon and Shot into the sun at TREMENDOUS SPEED! No excuses!”
AP’S ASSESSMENT: False. The tweet was not written by Trump. It was fabricated and it was first posted in 2018, not 2015.
THE FACTS: Social media users recirculated a screenshot of the fabricated tweet Monday as the Dow Jones Industrial Average dropped 2,013 points. It was created in 2018 to make it appear Trump tweeted it when Barack Obama was president. The steep drop in the Dow, following concerns over the spread of the novel coronavirus and a crash in oil prices, led to an automatic halt in trading on the New York Stock Exchange, a step that had not been taken in two decades.
Shaun Usher, author and blogger, first shared the post in 2018 as a joke and later said he did not intend for his tweet to be taken seriously. On Monday, he addressed the tweet again after retweeting a Snopes fact check of the tweet.
The screenshot of the false tweet was shared on Twitter and Facebook where it received thousands of likes. Many of the posts shared the false image with comments suggesting that Trump’s words were coming back to haunt him.
Trump did tweet about the stock market on Monday, writing: “Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!”
This is part of The Associated Press’ ongoing effort to fact-check misinformation that is shared widely online, including work with Facebook to identify and reduce the circulation of false stories on the platform.
Here’s more information on Facebook’s fact-checking program: https://www.facebook.com/help/1952307158131536