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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Where does CNN get its “talent?” Just watched someone named Abby Phillip lecture her audience on Tariffs and the economy (which is doing record business!). She has absolutely no idea what she is talking about, strictly 3rd rate. Fortunately, the audience has long ago left CNN, and it will only get WORSE. LOSERS ALL!!!”
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 critical remarks about CNN and its talent could potentially influence investor sentiment towards media companies, particularly those perceived as competitors or similar entities. Stocks like The New York Times Company and News Corporation Class A might experience volatility as investors reassess their positions based on perceived media credibility. Additionally, ETFs like Vanguard Communication Services and Communication Services Select Sector SPDR Fund, which include media stocks, could also see fluctuations, while Warner Bros. Discovery might be indirectly affected due to its association with CNN.
Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
News Corporation Class A ((NWSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Warner Bros. Discovery, Inc. Series A ((WBD)).