Trump refuses to concede, touts stock market as more states certify Biden win

By WCBS Newsradio 880

President Donald Trump refused to concede in the 2020 election again on Tuesday during a brief press conference as more states certified Joe Biden as the winner of the presidential race.

At a noon press briefing, which was announced with just two minutes warning, the president touted the Dow Jones Industrial Average trading above 30,000 points for the first time in history.

“I just wanna congratulate everybody,” the president said. “The stock market, Dow Jones Industrial Average, just hit 30,000 – which is the highest in history. We’ve never broken 30,000 and that’s despite everything that’s taken place during the pandemic.”

He also said he was “thrilled” by the progress pharmaceutical companies are making on the coronavirus vaccine front.

Trump spoke for about a minute before abruptly leaving the room without taking questions from reporters.

According to the Associated Press, stock market traders have been encouraged by the latest progress on the coronavirus vaccine and by news that President-elect Biden had selected Janet Yellen, a widely respected former Federal Reserve chair, as treasury secretary.

After the president spoke at the presser – which was announced with just two minutes warning – reporters could be heard asking him why he would not concede, as both Pennsylvania and Nevada certified election results on Tuesday naming Biden the winner in both states.

Late Monday, the federal government also recognized Biden as the “apparent winner” of the Nov. 3 presidential election. The move officially starts the transition of power.

While Trump did tweet that he was directing his team to cooperate on the transition, he has yet to formally concede and has vowed to continue to fight, even after suffering legal and procedural defeats in an effort to overturn the election with unsubstantiated claims of voter fraud.

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