Trump’s Critique of Fox News: Potential Market Implications for Fox Stocks and Communication ETFs

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“Why does Fox News allow failed TV personality Jessica Tarlov to “soil” The Five? Her voice, her manner, and above all else, what she says, are a disgrace to television broadcasting. I’ve had the best poll numbers that I’ve ever had, and she is constantly saying the exact opposite. The just out highly respected Rasmussen Poll is at 56%, Insider Advantage 54%, and many others are at 56% to 68%! Sadly, the audience has to listen to her spew off that I am doing poorly in the polls, while I am beating the democrats by 15%+ points and, more importantly, I just won an election against two candidates, Sleepy Joe and Kamala, in a Landslide by winning all 7 Swing States, and the Popular Vote by millions, with records broken everywhere! In all fairness to Jesse and Greg, who are terrific, they don’t see all of these poll numbers and can’t, therefore come to my defense. But I can! Nobody can stand Tarlov! She lies over and over again, and MAGA is complaining, BIG LEAGUE, that she’s all over Fox. Watch their ratings go down by keeping her on the show — nobody wants to listen to her. Why doesn’t she talk about the fact that I had ZERO illegal aliens come into our Country last month, whereas Sleepy Joe Biden allowed 62,000 people in, many from prisons, mental institutions, and gangs. People like Jessica Tarlov make MAGA absolutely hate Fox!”

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 criticism of Jessica Tarlov and Fox News could potentially impact the stock market by influencing investor sentiment towards Fox Corporation’s Class A and Class B stocks, as well as related ETFs like Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund. Negative publicity and potential viewer dissatisfaction could lead to concerns about Fox’s viewership and advertising revenue, which might affect stock performance. However, the overall impact would depend on the broader market perception and the response from Fox Corporation and its audience.

Here are some of the stocks that might be affected:
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Fox Corporation Class A ((FOXA)),
Fox Corporation Class B ((FOX)).