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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Why does Fake News ABC’S This Week With George Slopadopolus have Low IQ “commentator” Donna Brazile on the show? Wasn’t she totally discredited when she gave Crooked Hillary Clinton the questions to a Debate??? Wasn’t she FIRED by Fake News CNN for so doing??? Why would ABC “News” hire such a dumb retread? Check out her disastrous interview with Megyn Kelly from years ago – A total Classic!!! Donna is dumb as a rock, and a liar besides. She, and Sloppy Chris Christie, should be fired from a highly discredited ABC Fake News. They just paid me $16,000,000 for “inaccurate” reporting, now they should pay me more!!! Thank you for your attention to this matter. President DJT”
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 social media post criticizing ABC News and its commentators could lead to negative sentiment towards the Walt Disney Company, which owns ABC, potentially impacting its stock price. The Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, both of which may have significant holdings in Disney, could also experience volatility as investors react to the controversy. The market response will depend on the perceived credibility of Trump’s claims and the broader media landscape’s reaction.
Here are some of the stocks that might be affected:
Walt Disney Company ((DIS)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).