Following President Donald Trump's announcement that the U.S. is withdrawing from the Paris Climate Accord, many in the mainstream media are melting down.

In fact, many headlines portrayed this as a doomsday scenario:

On "Your World," Neil Cavuto pointed out that the financial markets are not reflecting this alleged looming climate catastrophe, with the Dow, Nasdaq and S&P closing at all-time highs.

"I'm think to myself, 'Wait a minute, Drop Dead?' It's a lie!" Cavuto said.

He explained that if these headlines are accurate and our planet is indeed going to go "kablooey," then Americans' investments, financial balance sheets, credit scores and economic optimism would not be soaring.

Cavuto added that the U.S. has been leading the world on reducing CO2 emissions long before the Paris agreement was signed, and, as Trump said in his announcement, will continue to do so.

Cavuto said he doesn't want to debate climate change, no matter what one's views on the issue happen to be.

"I am here to say, my friends, we have to step back and all take a chill pill," Cavuto said.

Watch more above.

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