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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“It was my Great Honor to write the Foreword for George “Tyrus” Murdoch’s (Is he related to Rupert Murdoch?) new Book, “WHAT IT IS, AMERICA.” I have been fortunate in getting to know Tyrus, and he is a very smart and talented guy — And also a very good man. Throughout his career in Professional Wrestling and Television, he has earned the respect and admiration of millions. While Late Night Television Ratings have rapidly declined for others, Tyrus, working with the incredible Greg Gutfeld, and a group of wonderful people, have created something very special — A Late Night Show that is destroying Traditional Late Night Television, and the Radical Left who preside over it, in TV Ratings and beyond. Tyrus, using his iconic Wit, Humor, and Charm, to target the Deranged Trump Haters, and their joyless campaign against the American Way of Life, Liberty, and the Pursuit of Happiness, is a STAR. He became famous for saying, long before the Election, “Why we are talking about the 2024 Presidential Election? It’s OVER. TRUMP is going to win, and everyone knows it. It’s a waste of time to talk about it. They’re not going to beat him, and they never will.” I used to laugh when I heard it, but he was right. In his wonderful new Book, Tyrus tells the true story of the 2024 Presidential Election, with his own unique insights, strongly rooted in Common Sense and Love for our Country. This Book is fantastic — Enjoy! Pre-Order today:”
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 endorsement of Tyrus’s new book and his praise for Tyrus’s late-night show could potentially boost interest in media companies associated with Tyrus, such as Fox Corporation, due to increased viewer engagement. However, the impact on broader communication services ETFs like Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund may be limited, as these funds are diversified across various media companies. News Corporation Class A, which is related to Fox, might see a slight positive movement if investors perceive a strengthened media presence as beneficial.
Here are some of the stocks that might be affected:
News Corporation Class A ((NWSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Fox Corporation Class B ((FOX)).