Week In Review: How Trump's Policies Moved Stocks - March 9, 2019

Boeing says aircraft could be part of trade deal, Trump to strip India of special tariff status

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. U.S.-CHINA TRADE TALKS: Boeing (BA) CEO Dennis Muilenburg said at an aviation summit in Washington earlier this week that purchases of U.S.-made Boeing jets by China could be part of a sweeping deal currently being negotiated to end the trade dispute between the U.S. and Beijing, Eric M. Johnson and David Shepardson of Reuters reported. Muilenburg said that he sensed U.S.-China trade talks were moving forward "in a good way," and that, "they are dealing with some of the tough framework issues around intellectual property and things like that." "I do think they are making progress. And at the same time, I think there's an economic opportunity here for airplanes to be part of the ultimate deal and help further close the trade deficit gap."

2. AT&T/TIME WARNER DEAL: In 2017, President Trump ordered Gary Cohn, then the director of the National Economic Council, to pressure the Justice Department to block the proposed deal between AT&T (T) and Time Warner, The New Yorker's Jane Mayer reported on Monday. According to a source, Trump called Cohn into the Oval Office along with John Kelly, who had just become the chief of staff, and said to Kelly, "I've been telling Cohn to get this lawsuit filed and nothing's happened! I've mentioned it fifty times. And nothing's happened. I want to make sure it's filed. I want that deal blocked!"

3. MEDICAL INDUSTRY PRICING: The Trump administration is sounding out the medical industry on requiring hospitals to publicly disclose the negotiated prices they charge insurance companies for services, The Wall Street Journal's Stephanie Armour and Anna Wilde Mathews reported. The U.S. Department of Health and Human Services is seeking public comment on whether patients have a right to see the discounted prices in advance of obtaining care, the report added, citing federal officials. Publicly traded hospital companies include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

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