FIRST AIRED: March 22, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> Wall Street showing more concern Wednesday, a day after the biggest stock market drop since Donald Trump's November victory. Investors see the administration's struggle to push through Trump's health care overhaul as a sign he may face setbacks delivering other reforms. Reuters US stock market correspondent Rodrigo Campos.>> This was supposed to be the easy part, that's why they tackled it first.
00:00:22
They were supposed to go after healthcare, this was supposed to be a day one kind of thing, replace and repeal Obamacare and move on to other things that the market is expecting to boost the economy.>> Like corporate tax cuts. The prospect of lower taxes, one of the major reasons behind the stock market's 10% surge since Trump's win.
00:00:43
The market drop also triggering fears that Trump's deregulation and infrastructure plans will have a hard time getting through Congress.>> The sell off was led by banks which have performed very well since the election. There was a big sale in steel companies, as well. Construction has been a little bit hit.
00:01:04
>> With the healthcare overhaul seemingly stalled, Wall Street is now left wondering if the market rally was based too much on talk of what Trump would get done instead of the reality of what he could get done.