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Stock impact report

Hiltzik: Are White House insiders using Trump's tariff announcements to play the stock market? It's not that easy [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
In what may be a sign of the times, and not an especially healthy one, my readers and friends recently have been filling my email inbox with questions about whether Donald Trump and White House insiders have been manipulating the stock market with his vacillating announcements about tariffs and the economy. Speculation along those lines broke into the open Tuesday when Fox News reporter Peter Doocy referred to the overall slide in the stock market since President Trump's inauguration and asked White House spokeswoman Karoline Leavitt, "You're sure nobody here at the White House shorted the Dow?" (Doocy meant betting on a drop in the Dow Jones industrial average, which fell by more than 4.7% from the last trading day before the inauguration through Tuesday's close.) Stocks have reached what looks like a permanently high plateau. Economist Irving Fisher fails to read the market, just before the 1929 crash Leavitt laughed off his question. "No," she said. "I don't think so." Show less Read more
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