Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly:
1. NEW YORK TIMES OP-ED: On Wednesday, President Trump denounced what he referred to as a “gutless editorial” posted by the New York Times (NYT), in which an unnamed administration official alleged that advisers to the president were intentionally attempting to thwart his misguided impulses from the inside. Later in the day, Trump tweeted:
“Does the so-called “Senior Administration Official” really exist, or is it just the Failing New York Times with another phony source? If the GUTLESS anonymous person does indeed exist, the Times must, for National Security purposes, turn him/her over to government at once!”
On Friday, Trump said Attorney General Jeff Sessions should investigate the identity of the author of the anonymous op-ed, repeating that he believes it to be a “national security” issue. Asked if he would take any action against the Times, Trump said “we’re going to see, I’m looking at that right now,” according to the AP.
2. NBC ‘FAKE NEWS’: Earlier this week, President Trump went after NBC, tweeting “NBC FAKE NEWS, which is under intense scrutiny over their killing the Harvey Weinstein story, is now fumbling around making excuses for their probably highly unethical conduct. I have long criticized NBC and their journalistic standards-worse than even CNN. Look at their license?” NBC is a unit of Comcast (CMCSA; CMCSK).
3. NIKE: Shares of Nike (NKE) were under pressure earlier this week after the company announced that former NFL quarterback Colin Kaepernick, who sparked controversy by kneeling during the national anthem to protest racial injustice, will be one of the faces of its ad campaign for the 30th anniversary of its “Just Do It” motto. Many took to social media to voice their opinions, with some showing support but others going as far as completely destroying their Nike-branded apparel. Commenting on the choice, President Donald Trump said that Nike is sending a “terrible message,” according to the Daily Caller. Nonetheless, the President noted that the company’s ability to make its own business moves “is what this country is all about.” “I think it’s a terrible message. Nike is a tenant of mine. They pay a lot of rent,” Trump told the periodical.
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