Week In Review: How Trump's Policies Moved Stocks - Nov. 17. 2018

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. CNN WINS SUIT AGAINST WHITE HOUSE: On Tuesday, CNN announced that the AT&T (T) unit filed a lawsuit against President Trump and his top aides over Jim Acosta's revoked press credentials. The journalist’s press pass was revoked last week just hours after he was part of a tense standoff with Trump during a press conference. The White House accused Acosta of “inappropriate behavior” after an intern tried to grab a microphone out of his hand. Meanwhile, thirteen media organizations, including the Associated Press, Bloomberg, Fox News (FOX) and the Washington Post (AMZN), issued a joint statement in support of CNN's lawsuit against the Trump administration, according to a report by the Hill. On Friday, a federal judge ruled the White House must restore access to CNN's Acosta.

2. CHINA TRADE TALKS: The U.S. and China have intensified efforts to strike a truce at the G20 that would curb their trade war, according to the Financial Times. Negotiators stepped up efforts after President Trump and his Chinese counterpart Xi Jinping spoke on the phone earlier this month and agreed to discuss trade when they meet on the G20 sidelines, the publication added. This follows a report on Wednesday, saying China has sent a written response to U.S. demands for wide-ranging trade reforms, a move that could jumpstart negotiations to bring an end to a trade war between the two economies. Trump is expected to meet with Chinese President Xi Jinping at the G20 summit in Argentina later this month and in early December.

3. COMCAST: The American Cable Association, or ACA, a lobby group for more than 700 smaller TV and broadband companies, sent a letter to the Department of Justice asking for an investigation into Comcast (CMCSA; CMCSK) over alleged antitrust violations. Comcast’s smaller rivals in the cable industry claim the company uses its ownership of TV programming to harm competitors. Using his Twitter account, President Trump retweeted on Monday ACA's concerns. "American Cable Association has big problems with Comcast. They say that Comcast routinely violates Antitrust Laws,” the tweet read in part. 

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