Trump blames Democrats for $3 trillion market loss, defends Iran strikes

President Donald Trump blamed Democrats' midterm election gains for a claimed $3 trillion US market loss, while defending his decision to strike Iran, speaking to reporters in Florida on Friday. Trump linked the market fall to the vote, saying the country lost about $3 trillion due to the Democratic performance, and reiterated that preventing Iran from obtaining a nuclear weapon remains a priority. He rejected blame for Republican losses and cited investor worries over potential stricter regulations on AI and technology industries. Republicans lost control of both chambers of Congress and key state races on Tuesday. The S&P 500 saw its steepest drop in over a year on Thursday, with the Nasdaq 100 falling 6.4%. Trump also announced plans for a major US air show called CapeWeek, set to begin in 2028.