Week In Review: How Trump's Policies Moved Stocks - Mar. 23, 2019

Trump accuses social media of anti-conservative bias, President feuds with GM

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 Donald Trump and his administration with this weekly recap compiled by The Fly:

1. SOCIAL MEDIA ACCUSED OF BIAS: President Trump called vaguely for action to be taken against social media companies on Wednesday, saying "we have to do something," Business Insider's Rob Price reported. His comments at a press conference followed a tweet by the President saying that "Facebook (FB), Google (GOOG; GOOGL) and Twitter (TWTR), not to mention the Corrupt Media, are sooo on the side of the Radical Left Democrats. But fear not, we will win anyway, just like we did before! #MAGA".

2. TRUMP SAYS GOOGLE HELPING CHINA: Google has denied "working with the Chinese military" after President Donald Trump criticized the company in a message posted on Twitter for "helping China and their military, but not the U.S.," NBCNews' Max Burman reported earlier this week. A spokesperson for the tech giant said that, "We are not working with the Chinese military. We are working with the U.S. government, including the Department of Defense, in many areas including cybersecurity, recruiting and healthcare."

3. GENERAL MOTORS: General Motors (GM), which has recently be a target for negative tweets from President Trump, confirmed that it is investing $300M in its Orion Township, Michigan, assembly plant to produce a new Chevrolet electric vehicle to be designed and engineered off an advanced version of the current Bolt EV architecture. Additional product information and timing for the new Chevrolet EV will be released closer to production, GM said. Over last weekend, President Trump tweeted: "G.M. let our Country down, but other much better car companies are coming into the U.S. in droves. I want action on Lordstown fast. Stop complaining and get the job done! 3.8% Unemployment!...Just spoke to Mary Barra, CEO of General Motors about the Lordstown Ohio plant. I am not happy that it is closed when everything else in our Country is BOOMING. I asked her to sell it or do something quickly. She blamed the UAW Union - I don't care, I just want it open!"

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.