'Going to drop 10 percent': Morning Joe warns market already 'rattled' by expected moves

Donald Trump has already spooked the markets, according to MSNBC's Joe Scarborough — and his proposals could cut into the stock market's gains. Economists said in a recent survey that they believe the Federal Reserve will take a more cautious approach to interest rate cuts due to fears that Trump policies would lead to higher inflation, and the "Morning Joe" host said the president-elect's nominees for high-ranking positions have already destabilized market forces. "There's going to be a real battle, I think, internally over tariffs, because Donald Trump doesn't want to see this stock market, which many people already believe is artificially inflated drop 10 percent in a day," Scarborough said. "On the good side, if you can get the Pentagon focused on what it needs to focus on, I think it's a good thing that you suddenly have really smart entrepreneurs like Mark Andreessen or Elon Musk thinking about government and trying to apply some of their mindshare to it, having the smartest people who built these technologies, who understand these technologies thinking about it and advising the president could be a net very positive thing if you structure your administration to make sure you're focusing on how to make the advantages we have bigger and bolder so that we create a bigger gap between us and China. "But when you get into grievance or you get into retribution, that's the type of stuff that rattles markets, that does rattle world leaders or ultimately maybe the public," VandeHei added.