Week In Review: How Trump's Policies Moved Stocks - Saturday, July 4

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:

INFRASTRUCTURE BILL: 

The U.S. House of Representatives has passed a $1.5T infrastructure bill, as Democrats pursued their own legislation without the bipartisan agreement discussed for years during the Trump administration, the Wall Street Journal's Andrew Duehren reported. Nearly 40 House Democrats joined with House Republicans to approve a last-minute amendment to the bill on the floor, with the change seeking to bar the government from using funds in the legislation to enter into contracts with Chinese state-owned companies or Chinese companies that construct facilities for interning Uighurs in western China, Duehren said.

The measure pours over $300 billion into repairing bridges and roads, $130 billion into schools that educate low-income children, over $100 billion into building or preserving affordable housing and $100 billion into expanding broadband internet access, the author said, noting that Republicans oppose the bill, which also includes several measures aimed at combating climate change. The White House has said the President would veto the bill if it came to him, the author noted. Publicly traded companies in the infrastructure space include Fluor Corp (FLR), Vulcan Materials (VMC), Eagle Materials (EXP), Martin Marietta Materials (MLM), Caterpillar (CAT), Aecom (ACM), Granite Construction (GVA), Quanta Services (PWR), Jacobs (J) and U.S. Concrete (USCR).

CAMPAIGN SPENDING ON FACEBOOK

President Trump's re-election campaign has started spending heavily on Facebook (FB) advertisements that also promote the social media pages of Brad Parscale, Trump's campaign manager, running over $325,000 in ads, largely in recent weeks, The New York Times' Shane Goldmacher reported. Parscale is one of just three people whose Facebook and Instagram accounts the campaign has used to display ads, with the other two being Donald J. Trump and Mike Pence, Goldmacher said. Digital strategists said it was very unusual to use a campaign staff member's page to run such ads, though the Trump campaign claims that it was testing the use of the campaign manager's page to run ads and that Parscale had not received any financial gain, the author noted.

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