Week In Review: How Trump's Policies Moved Stocks - Saturday, May 2

We highlight 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:


On Friday, President Trump tweeted: "Concast (@NBCNews) and Fake News @CNN are going out of their way to say GREAT things about China. They are Chinese puppets who want to do business there. They use USA airwaves to help China. The Enemy of the People!"

His tweet followed a report on Thursday night regarding the president having said that his trade deal with China is no longer the top priority due to the COVID-19 crisis. He threatened new tariffs on the Asian country as his administration crafted retaliatory measures over the pandemic, Reuters' Jeff Mason, Matt Spetalnick, and Humeyra Pamuk reported. The president's harsh rhetoric against China reflected his growing frustration with the country over the pandemic, the authors said. Two U.S. officials told Reuters that a range of options against Beijing were being discussed, though they cautioned that efforts were in preliminary stages.


President Trump plans to declare meat-processing plants are critical infrastructure and use the Defense Production Act to order that they remain open, Bloomberg's Jennifer Jacobs reported, citing a person familiar with the matter. Trump signaled as much by saying he planned to sign an order aimed at Tyson Foods' (TSN) liability, which had become "a road block" for the company, the report noted. Other publicly traded companies in the meat production space include Conagra Brands (CAG), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Hormel Foods (HRL).


The Trump Administration's secret project, dubbed "Operation Warp Speed," is seeking to drastically cut the time needed to develop a coronavirus vaccine, Bloomberg's Jennifer Jacobs and Drew Armstrong reported, citing sources. The project has a goal of producing 100M doses of a vaccine by the end of the year, the authors noted.

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