Week In Review: How Trump's Policies Moved Stocks - March 16, 2019

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. BOEING 737 MAX PLANES GROUNDED: On Wednesday, the FAA ordered the temporary grounding of Boeing (BA) 737 MAX aircraft operated by U.S. airlines or in U.S. territory. The agency said the decision was based on new information about the crash of the Ethiopian Airlines Boeing 737 Max 8 on Sunday that killed 157 people. The grounding will remain in effect pending further investigation, including examination of information from the aircraft's flight data recorders and cockpit voice recorders. The announcement followed President Trump stating that he was going to be issuing an emergency order of prohibition regarding all flights of the 737 MAX 8 and 737 MAX 9, following in the footsteps of many other countries around the world that had already grounded the plane. Following the President's announcement, Boeing stated that it supports the action by the White House. The company noted in its statement, though, that it "continues to have full confidence in the safety of the 737 MAX."

2. TECH COMPANIES' 'COLLUSION': President Trump responded to Senator Elizabeth Warren's proposal to break up big tech companies like Amazon (AMZN), Facebook (FB), and Google (GOOG, GOOGL), telling far-right news outlet Breitbart that there was "collusion between the Democrats and these tech companies" during the 2016 election. Trump said that the large tech companies are "a hundred percent steered against" Republicans. He added that, "Actually it's incredible that I won the election because you know it was so rigged against me... It wasn't Russians. Russia collusion was a delusion. But what there is, is there was collusion between the Democrats and these tech companies."

3. ETHANOL MARKET: Bloomberg's Mario Parker and Jennifer Dlouhy reported on Tuesday that the White House is moving ahead with an advanced "plan meant to expand the U.S. market for corn-based ethanol and place trading restrictions on credits that refiners use to prove they are using biofuel." Publicly traded companies that may be impacted include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS-A) and Total (TOT), Amyris (AMRS), Andersons (ANDE), Archer Daniels (ADM) and Gevo (GEVO).

4. STUDENT LOAN RISK-SHARING PROGRAM: The White House is mulling a measure that would require colleges and universities to take a financial stake in their students' ability to repay government loans in a move that could pressure loan availability and decrease defaults, the Wall Street Journal's Michelle Hackman reported earlier this week, citing the administration's budget proposal. The proposal briefly mentioned a "request to create an educational finance system that requires post-secondary institutions that accept taxpayer funds to have skin in the game through a student loan risk-sharing program." Publicly-traded companies in the space include Navient (NAVI).

5. BREXIT: On Thursday, President Donald Trump said via Twitter that, "My Administration looks forward to negotiating a large scale Trade Deal with the United Kingdom. The potential is unlimited!"

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Gary Anderson 5 years ago Contributor's comment

Well, Trump thinks McCain is still alive since he seems to think the deceased senator still reads his tweets. There is a tool or 5 missing from his mental toolbox. So accusing tech of collusion continues the fantasy.