‘Trump always chickens out’: Taco jibe ruffles president’s feathers

News Snapshot:

Trump Always Chickens Out – or Taco for short. Investors like narratives to explain the financial world, and they appear to have seized on this one: whenever Donald Trump faces a market backlash, he will back down. It would be fair to say the US president did not take kindly to the suggestion that he was being a “chicken” when asked by a reporter at the White House about the term that is gaining traction on Wall Street. “Oh isn’t that nice – ‘I chicken out.’ I’ve never heard that,” Trump mused on Wednesday in response to the reporter’s question...