WINNING: Dow Jones Plummets Another 650 Points

CNN reports:

Markets took a wild ride on Monday after Treasury Secretary Steven Mnuchin’s attempts to calm investors backfired. Stocks had recovered late morning, but then fell to their lowest level for the day after President Donald Trump tweeted mid-morning, “The only problem our economy has is the Fed.”

Investors are concerned that Trump may fire Federal Reserve Chairman Jerome Powell. The major bank CEOs who spoke by phone Sunday with Mnuchin were “totally baffled” by the session, according to a person familiar with the call, who said the executives found the encounter puzzling and largely unnecessary.