His tweets have the power to shape international relations, send stock prices up — or down — and galvanize the American public.
We're watching how Donald Trump is using this platform of unfettered communication now that he’s commander in chief. Here is everything Trump has tweeted since he was sworn in as 45th president of the United States. In many cases, we look at what he was reacting to and whether what he said was accurate. And, as much as possible, we'll relate what else was going on at the time. Check back for more as Trump continues to tweet.
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President Trump touted a report that says shoppers set a new record for holiday spending this year.
In a tweet Thursday morning, Trump boasted that the economy is “going better than anyone ever dreamt” and told supporters: “you haven’t seen anything yet!”
Retail sales were up 4.9% this holiday season, the largest year-over-year gain since 2011, according to Mastercard’s SpendingPulse Report, which tracked sales activity across all payment types from Nov. 1 to Dec. 24.
The report said the increase represents a “new record for dollars spent” but did not give a dollar amount. Another research firm, Customer Growth Partners, said that from the start of the holiday season to Christmas Eve, shoppers spent $598 billion, up from $565 billion for the same period last year.
Trump’s tweet in the final days of 2017 comes as the major stock indexes are closing in on double-digit gains for the year, led by Apple, Facebook and other technology stocks.
Several factors have kept the market on an upward grind. The global economy rebounded, while the U.S. economy and job market continued to strengthen, which helped drive strong corporate earnings growth.
Investors also drew encouragement from the Trump administration's and Republican-led Congress' push to slash corporate taxes, roll back regulations and enact other pro-business policies. Congress passed the $1.5-trillion tax overhaul bill, which reduces the corporate tax rate from 35% to 21%, last week.
With the tax cuts, U.S. economic growth may get an extra short-term boost. But analysts warn that extra fiscal stimulus, coming at a time when the economy already is perking, could quickly lead to overheating.
— This post contains reporting from the Associated Press and Times staff writers Tracey Lien, David Pierson and Don Lee.