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Former federal prosecutor Andrew Cherkasky explains the delay in the Supreme Court’s ruling on President Donald Trump’s tariffs as well as the upcoming birthright citizenship case on ‘Varney & Co.’
President Donald Trump On Sunday, he said he predicted the Dow Jones Industrial Average would hit 100,000 by the time he leaves the White House in January 2029.
This comes after the Dow closed beyond 50,000 Friday for the first time.
“A record stock market and national security thanks to our high tariffs. I predict 100,000 on the DOW by the end of my term,” Trump wrote on Truth Social.
President Donald Trump said he expects the Dow Jones Industrial Average to hit 100,000 by the time he leaves the White House. (Photo by Andrew Harnik/Getty Images/Getty Images)
“Remember, Trump was right about everything! I hope the United States Supreme Court is watching,” he added.
The president’s Supreme Court comment comes as a high-profile case over the legality of his tariff authority is expected to be decided. The Supreme Court recently heard arguments on whether the sweeping tariff powers used by Trump were constitutional.
THE tariff charges have been largely absorbed by U.S. consumers and businesses rather than foreign exporters, economists say. A study released last month by the Kiel Institute for the World Economy found that about 96 percent of tariff costs were borne by Americans.
The Dow Jones closed above 50,000 points on Friday for the first time. (Anna Moneymaker/Getty Images/Getty Images)
Trump had issued an identical message Friday evening, as well as a separate message that also took credit for the Dow’s close.
“The ‘experts’ said if I had hit 50,000 on the Dow by the end of my term I would have done a great job, but I hit 50,000 today, three years ahead of schedule. Don’t forget that for the midterm elections, because the Democrats are going to crush the economy!” he wrote on Friday.
TARIFFS MAY HAVE COST THE ECONOMY THOUSANDS OF JOBS MONTHLY, FED ANALYSIS REVEALS
Tariff costs were found to be largely absorbed by U.S. consumers and businesses rather than foreign exporters. (Chip Somodevilla/Getty Images/Getty Images)
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In another message posted Sunday, Trump wrote: “Enjoy the Super Bowl, America! Our country is stronger, bigger and better than ever and, THE BEST IS YET TO COME!”
