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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“All Air Traffic Controllers must get back to work, NOW!!! Anyone who doesn’t will be substantially “docked.” For those Air Traffic Controllers who who were GREAT PATRIOTS, and didn’t take ANY TIME OFF for the “Democrat Shutdown Hoax,” I will be recommending a BONUS of $10,000 per person for distinguished service to our Country. For those that did nothing but complain, and took time off, even though everyone knew they would be paid, IN FULL, shortly into the future, I am NOT HAPPY WITH YOU. You didn’t step up to help the U.S.A. against the FAKE DEMOCRAT ATTACK that was only meant to hurt our Country. You will have a negative mark, at least in my mind, against your record. If you want to leave service in the near future, please do not hesitate to do so, with NO payment or severance of any kind! You will be quickly replaced by true Patriots, who will do a better job on the Brand New State of the Art Equipment, the best in the World, that we are in the process of ordering. The last “Administration” wasted Billions of Dollars trying to fix antiquated “junk.” They had no idea what they were doing! Again, to our great American Patriots, GOD BLESS YOU – I won’t be able to send your money fast enough! To all others, REPORT TO WORK IMMEDIATELY. GOD BLESS AMERICA! PRESIDENT DONALD J. TRUMP”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement could lead to increased investor confidence in aerospace and defense companies like Boeing, Lockheed Martin, and Northrop Grumman, as it suggests potential government investment in state-of-the-art equipment. This could positively impact the Industrial Select Sector SPDR Fund and iShares U.S. Aerospace & Defense ETF, which include these companies. However, the confrontational tone and potential labor disputes might introduce some volatility in the short term.
Here are some of the stocks that might be affected:
Boeing Company ((BA)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Industrial Select Sector SPDR Fund ((XLI)),
iShares U.S. Aerospace & Defense ETF ((ITA)).