FIRST AIRED: March 27, 2017

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Transcript

00:00:01
>> The US stock market trading sharply lower Monday, as investors worry that president Donald Trump's healthcare defeat foreshadowed difficulties delivering on other key campaign promises such as tax cuts and infrastructure spending. The president's failure to rally enough support from his own Republican party to repeal and replace Obamacare spurred a rush to safe haven assets like gold, the Japanese Yen and the Swiss Franc.
00:00:24
So called Trumpflation trades, that's that Trump's pro-business policies would stoke growth and inflation in the US and global economies boosting assets such as commodities, came under heavy selling pressure. The dollar, who's index had surged more than 6% in the aftermath of Trump's election to hit 14 year highs, flipped to it's lowest since November 11th, two days after Trump claimed victory.
00:00:47
The depressed mood looked set to continue on Wall Street.