President Donald Trump raised concerns about his intentions after he posted a TikTok video discussing why he might have purposefully crashed the stock market.

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President Trump on Sunday denied engineering a stock market sell-off, and likened the pain of re-ordering the global economy to taking medicine for an illness.

Why it matters: After plunging Thursday and Friday, global markets sank even further Sunday night, threatening one of the worst three-day routs in history.

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• Investors who spent all weekend hoping for some kind of policy reversal on tariffs realized that none was coming, and sold off across asset classes in earnest.

What they're saying: "I don't want anything to go down. But sometimes you have to take medicine to fix something," Trump told reporters on Air Force One, heading back to Washington, D.C.

• He denied crashing markets on purpose, saying "no, that's not so," after he shared a video on his social media accounts that suggested he was intentionally bringing markets down.

Zoom out: Trump's comments came hours after his topic economic advisers, in Sunday TV interviews, said markets shouldn't expect a rescue from the tariff-driven sell-off.

By the numbers: As of 8pm Sunday ET, early trading indicated U.S. stocks would open more than 4% lower, continuing a sell-off that already cost investors more than $6 trillion.

• The dollar continued to weaken, oil fell below $60 for the first time in years, and even tariff safe-haven gold sold off.

The intrigue: Billionaire hedge fund manager and Trump supporter Bill Ackman warned of an "economic nuclear winter" if the president didn't pause the tariff regime.

• Later Sunday, Ackman called the tariffs a "mistake" and said they were "massively in excess" of what the world charges the U.S.

Editor's note: This story has been updated with market details and investor comments.

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• Parisa Pichitmarn is Thai, lives in Bangkok, and watches "The White Lotus."
• She points out details that foreigners are missing.
• This story contains spoilers for season 3 of 'The White Lotus.'

I'm Thai, grew up both in Bangkok and abroad, and remember American classmates confusing Thailand with Taiwan.

This is why, when Parker Posey's character in the third season of "The White Lotus" said, "You want to live in Taiwan?!" in response to her daughter's plan to spend a year in Thailand, it felt spot-on.

The third season, set mostly in Koh Samui and Bangkok, incorporates cultural nuances and clichés. As a local, a few details stood out in the show that foreigners may have missed.

The hotelier character is based on a real person

A well-known Thai actor, Lek Patravadi, plays the hotel owner Sritala on the show. The character was inspired by Kamala Sukosol, Thailand's real-life singing hotelier.

A fixture in Thai high society and the matriarch of the Sukosol Group, the 86-year-old is as well known for her jazz performances as she is for her award-winning hotels.

Her boutique hotel, The Siam, by the Chao Phraya River in Bangkok, was previously scouted as a potential shooting location for the third season of "The White Lotus."

In October, during an interview on "Trends" for TravelDailyNews, Sukosol said she met Mike White when he visited her hotel and spoke to her about possibly acting in the show.

"He said, 'Khun Kamala, do you act?' I said, no way. He said, 'You sure you can't act?' I said, I'm positive, I'm a singer," Sukosol told David Barret, the show's host. She went on to explain that White continued trying to convince her for the next few months.

"He wanted me to act as me, as the singing hotelier," she said.

In February, her hotel posted a photo on Instagram of Mike White with both Patravadi and Sukosol. "⁣Step behind the scenes with Khun Kamala, the heart and soul of The Siam, whose legendary performances inspired the character Sritala in The White Lotus Season 3."

Some of the song lyrics are tied to the show's plot

Season three's Thai soundtrack includes national bangers as well as more folksy sounds from all regions of the country. In several instances, the lyrics have emphasized or foreshadowed what happens next.

Atchariya Pinitsanpirom, the show's Thai producer, told Business Insider that she originally sent the sound director a playlist of around 50 Thai songs.

"I translated for them when we watched the final cut because I wanted them to know it fits perfectly," Pinitsanpirom said of matching song lyrics to plot developments.

In episode 7 of "The White Lotus," Sritala shows Frank (Sam Rockwell) a video of her younger self performing "Lamthad," both the song title, as well as a type of folk rap in Thai. Lamthad is also a compound word — and "thad" means cut.

On the TV, the actor is shown in her younger years singing the word "lamthad" repeatedly and making a chopping hand motion. This matches well with Rick's (Walton Goggins) inner turmoil and a decision he is on the brink of.

The song also includes the phrase "wing gun utlalood," which translates to "run their asses off" — which in turn lines up with Rick and Frank's actions in the episode.

The security guard doesn't speak Thai clearly

The security guard, Gaitok (Tayme Thapthimthong) has a foreign accent when he speaks Thai. That's because the actor was born and grew up in the UK.

"When I speak Thai with others, I tend to throw in English words when I can't think of the Thai word in time. In one scene, I answered, 'Yeah,' and the team's feedback was, 'Okay, you just revealed clearly that you're not a Thai security guard!'" Thapthimthong told the Thai media site Standard Pop last month.

I also found him a little too international to be portraying a shy, provincial security guard.

Lalisa Manobal, also known as Blackpink's Lisa, plays Mook, the security guard's love interest who also works as a hotel staff member. She pronounces Thai well despite moving to South Korea when she was 14 to become a K-pop trainee.

Thapthimthong credited Lisa for helping him out with his lines. "Lisa and her assistant helped me out so much and I'm really thankful for it," he said.

Another character appears to be inspired by an American-born Thai businessman

While much of the show was filmed at Four Seasons Resort Koh Samui, additional hotel scenes were filmed at three Anantara properties in Phuket and Koh Samui.

This luxury hotel chain is owned by William Heinecke, an American-born business magnate whose company, Minor, oversees over 500 hotels and resorts.

The name "Minor" is fitting — Heinecke started an advertising business and an office cleaning company in Bangkok at age 17. He later gave up his US citizenship to become Thai, a move that let him own land in Thailand.

With a net worth of $1.5 billion, Heinecke ranked 17 on Forbes' 2024 list of Thailand's 50 Richest.

Although Heinecke is not married to Sukosol in real life, his persona appears to have influenced the character of Sritala's American husband, Jim Hollinger.

"I think Mike drew from a lot of prominent people like Jim Thompson and William Heinecke. This character is a mix of all those figures," Pinitsanpirom, the show's producer, said.

Jim Thompson was an American entrepreneur who revived Thailand's silk industry in the mid-20th century and mysteriously disappeared in Malaysia in the 1960s.

Two details in the show didn't add up

During a scene set in Samui, Lochlan Ratliff (Sam Nivola) says the tsunami happened on a nearby beach. However, the 2004 tsunami affected only Thailand's western coast, including Phuket. Samui is on the east coast of Thailand and was not affected by the tsunami.

In one episode, Rick and Chelsea (Goggins and Aimee Lou Wood) catch a ride on a tuk-tuk to a snake farm. However, unlike other parts of Thailand, tuk-tuks are not a common mode of transportation on Samui. Due to the island's many hilly roads, the three-wheeled motorized rickshaws are not ideal. Instead, songthaews — shared pickup truck taxis —are the more typical means of getting around.

Commenting on this detail, Pinitsanpirom said, "It is impossible to be 100% accurate, but in the end, the factual inaccuracies are not too off. Narratively speaking, Rick and Chelsea are in a rush to go out, but using a taxi would be too boring. We had to think of visuals and the tuk-tuk gives a more dramatic flair."

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Health and Human Services Secretary Robert F. Kennedy Jr. advocated for the measles, mumps and rubella (MMR) vaccine during a visit to West Texas on Sunday to comfort two families whose children died of the disease.

Why it matters: Kennedy has been criticized for downplaying measles risks and the efficacy of vaccines, notes Axios' Marc Caputo, who first reported on the secretary's visit to Texas.

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• The secretary has a long record of sowing skepticism about vaccines.

Driving the news: Both children in Gaines County were not vaccinated when they died of measles, according to the Texas Department of State Health Services.

• Texas has the largest number of reported measles cases in the U.S. Kennedy wrote on X Sunday that 499 of the 642 confirmed cases in 22 states were in Texas.

What he's saying: Kennedy said on X Sunday he's visiting Gaines County, Texas, to "quietly to console the families and to be with the community in their moment of grief."

• He said he's also there to support Texas health officials and to learn how our HHS agencies "can better partner with them to control the measles outbreak."
• Kennedy pointed to the deployment of a CDC team "to bolster local and state capacity for response across multiple Texas regions, supply pharmacies and Texas run clinics with needed MMR vaccines and other medicines and medical supplies," among other measures he said he'd taken.
• "Since that time, the growth rates for new cases and hospitalizations have flattened," Kennedy said. "The most effective way to prevent the spread of measles is the MMR vaccine."

Flashback: In the face of criticism of his handling of the federal response to the outbreak, Kennedy wrote an op-ed for Fox News Digital last month with the headline "Measles outbreak is call to action for all of us" and the subheading "MMR vaccine is crucial to avoiding potentially deadly disease."

• In the article, Kennedy wrote "Vaccines not only protect individual children from measles, but also contribute to community immunity, protecting those who are unable to be vaccinated due to medical reasons," but said the decision to vaccinate is "a personal one."

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The world faces an "economic nuclear winter" if President Trump doesn't immediately pause his sweeping reciprocal tariffs, hedge fund manager Bill Ackman said Sunday night.

Why it matters: The billionaire Ackman, a staunch Trump supporter, put the market's fears about the fate of the global economy in the starkest terms possible.

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What they're saying: "The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down," Ackman wrote in a lengthy post to X.

• "May cooler heads prevail."

Zoom out: Ackman's Sunday post follows another Saturday where he suggested the world would be better off with a pause on Wednesday's reciprocal tariffs, warning of a "potentially severe" recession otherwise.

• Sunday's rhetoric, though, raised the stakes.

Between the lines: Ackman's new post acknowledged the administration's position that decades of unfair trade practices by other nations disadvantaged the U.S.

• But he said the downsides of rushing into a tariff regime were far worse, framing the current moment as an "opportunity" for Trump to pause the tariffs for 90 days and negotiate.
• The alternative, he said, was that "business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate."

Context: Ackman endorsed Trump last summer, shortly after an assassination attempt against the then-former president at a presidential campaign rally.

• In October, he made a lengthy case on social media for Trump as the better candidate.
• He later said he hoped Trump's victory would lead to the "implosion" of the Democratic Party.

Go deeper: Trump tariffs based on massive error, conservative think tank says

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