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The Guardians of Democracy

NBC Analyst Suspects Trump Family Is ‘Profiting From Insider Knowledge’ Of Trump’s ‘Market-Moving Tweets’

NEWS

NBC Analyst Suspects Trump Family Is ‘Profiting From Insider Knowledge’ Of Trump’s ‘Market-Moving Tweets’




NBC News Analyst Howard Fineman on Sunday suggested that President Donald Trump’s family, or associates, is using early knowledge of the president’s market-moving tweets to make money in the stock market.

“My twitter feed is asking a legitimate question: are @realDonaldTrump’s businesses and family profiting from insider knowledge of his pending — market-moving — tweets, comments and bargaining stands?” Fineman asked.




Fineman added: “My guess would be yes. The real questions are: who is doing it for him and how?”

In a May interview with Politico, held shortly after Trump tweeted about his negotiations with China which had failed to produce a trade deal, “Unprompted, the president marveled about the instant effect his China-related tweet had on stock prices.”

As Business Insider notes:

President Donald Trump has a predilection for tweeting about the economy, trade, specific companies, and the stock market. Bloomberg, in fact, tracks his market-related Tweets.

And he seems to be aware that his tweets can have at least a short-lived impact.

“It seems to be having quite an impact on the market,” Trump said according to Politico. “I looked — the market was down. Now I think it’s up 181.44. So, it shows you what happens.”

“You’re living in a world where one Trump tweet can change everything,” Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, told CNBC.





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