However, the White House has now called the information fake news.
The tweet has since been deleted.
Gizmodo reached out to the account via email for comment.
© Andrew Harnik/Getty Images
Indeed, the Walter Bloomberg accounthas claimedthat he first heard the news from Reuters.
The White House denied the report.
Reuters has withdrawn the incorrect report and regrets its error.
However, the White House was quick to shoot down the media reports.
The market promptly plummeted.
He doesnt work for us and is not authorized by Bloomberg.
Barronswrites thatthe tweet may have been a misunderstanding of Hassetts Monday morning interview with Fox.
INSANE market action right now,wrote Joe Weisenthal, who runs Bloombergs Odd Lots podcast.
Market exploded higher on a headline attributed to Kevin Hassett.
And now nobody can figure out where it came from and the markets are diving again.
An 8% surge and then a 3.5% plunge in a matter of seconds.
Other web-users chimed in to comment on the ridiculousness of the situation.
s&p is now a memecoin,one X user wrote.
Twitter verification used to be reserved largely for professional media organizations and was determined by an internal team.
Dont be a PANICAN (A new party based on Weak and Stupid people!).
Be Strong, Courageous, and Patient, and GREATNESS will be the result!
News from the future, delivered to your present.
