How Trump's Policies Moved Stocks This Week

Trump says China trade deal "fully intact," Facebook does about face on politicians' posts

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. FACEBOOK CHANGES STANCE AS ADVERTISERS FLEE: Unilever (UL), Verizon (VZ), and Procter & Gamble (PG) are among companies that have halted or are evaluating advertising their products in the U.S. on Facebook (FB), with Verizon chief media officer John Nitti saying that the company is pausing its advertising until "Facebook can create an acceptable solution" on hate speech "that makes us comfortable and is consistent with what we've done with YouTube and other partners." Unilever is also halting advertisements on Twitter (TWTR), saying that there is "much more to be done" on hate speech on social media platforms. In a town hall meeting on Friday afternoon, Facebook CEO Mark Zuckerberg said that the company will start labeling content that Facebook finds newsworthy that might otherwise violate policies, since they may have "public interest value," such as certain posts or comments by politicians.

2. TWITTER PUTS WARNING ON TRUMP TWEET: Twitter has placed a warning on President Trump’s tweet that said, "There will never be an 'Autonomous Zone' in Washington, D.C., as long as I'm your President. If they try, they will be met with serious force!" The warning said that, "This Tweet violated the Twitter Rules about abusive behavior. However, Twitter has determined that it may be in the public's interest for the Tweet to remain accessible." This was the fifth tweet from the President that the social media company has labeled in the last few weeks.

3. U.S.-CHINA TRADE DEAL: President Donald Trump said via Twitter earlier this week that, "The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!" The tweet came after White House trade adviser Peter Navarro told Fox News "it's over" in an interview when asked about the China trade agreement. Navarro said the "turning point" came when the United States learned about the spreading coronavirus only after a Chinese delegation had left Washington following the signing of the Phase 1 deal on January 15.

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