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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Great News for America: The ratings challenged Jimmy Kimmel Show is CANCELLED. Congratulations to ABC for finally having the courage to do what had to be done. Kimmel has ZERO talent, and worse ratings than even Colbert, if that’s possible. That leaves Jimmy and Seth, two total losers, on Fake News NBC. Their ratings are also horrible. Do it NBC!!! 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 about the cancellation of the Jimmy Kimmel Show could potentially influence investor sentiment towards the Walt Disney Company, which owns ABC, as it may be perceived as a positive move for the network’s programming strategy. Conversely, the negative remarks about NBC’s late-night hosts could impact Comcast Corp, NBC’s parent company, by raising concerns about its programming decisions and ratings. These developments may also affect broader communication sector ETFs like the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, as changes in major media companies’ stock prices can influence the overall performance of the sector.
Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Walt Disney Company ((DIS)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).