Trump’s First News Conference

By: DailyForex.com

You are fake news

Donald Trump Berated a CNN Reporter

In his first press conference as President-elect, Donald Trump berated a CNN reporter for supplying “fake news”, a statement which has received backlash worldwide, despite evidence that the report Trump was referring to was, in fact, unverified. Nevertheless, one could argue that Trump himself makes erroneous, unsubstantiated or even false claims, as was the case during the same press conference.

According to Donald Trump, there are "96 million [people] wanting a job and they can't get [one]. You know that story. The real number. That's the real number." In actuality, 96 million is the number of people age 16 and older who are not in the work force – the majority of whom don’t want to find a job because they are in school, retired or disabled. The “real number” of people wanting a job in the United States right now is closer to 5.4 million people, a fraction of what Trump claimed.

In response to Trump’s less-than-stellar press conference performance, the dollar retreated significantly and confirmed signs that is on course for its worst week since the U.S. presidential election in early November.