General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald Trump personally profited from missile-maker Raytheon's stock jump after his Syria attack
TOM BOGGIONI
08 APR 2017 AT 09:48 ET
While the world is dealing with both the implications and the fall-out from President Donald Trumps missile attack on a Syrian airfield on Thursday, the manufacturer of the Tomahawk missile used in the attack is seeing their stock surge which is good news for their investors including the president.
As noted by the Palmer Report, Trump owns stock in Raytheon, which was reported by Business Insider in 2015.
According to Trumps financial disclosure reports filed with the FEC in 2015, his stock portfolio includes investments in technology firms, financial institutions and defense firms, including Raytheon.
On Thursday, Trump launched an attack on the al-Shayrat military airfield, used by both Syrian and Russian military forces, hitting it with 59 Tomahawk missiles manufactured by Raytheon. Trumps attack on Syria was reportedly in response to a deadly gas attack launched by Syrian President Bashar al-Assad against his own people earlier in the week.
While the Tomahawk attack did little damage to the airfield with the Syrian air force continuing to launch assaults from the same base on Friday investors, sensing an increasing escalation in tensions between two countries and the possibility of war , pushed Raytheon stock up.
more
http://www.rawstory.com/2017/04/donald-trump-personally-profited-from-missile-maker-raytheons-stock-jump-after-his-syria-attack/
world wide wally
(21,744 posts)niyad
(113,344 posts)HoneyBadger
(2,297 posts)angstlessk
(11,862 posts)HoneyBadger
(2,297 posts)Moosepoop
(1,920 posts)Citing bloomberg.com would be correct, but the article was by Jennifer Jacobs and Caleb Melby.
Those two authors did report that Trump and his team said, in December of 2016, that he had sold all of his stocks back in June of that same year. But did he really sell them?
That same December, Meghan Keneally of abcnews.com, addressed Trump's claim:
Donald Trump Claims He's Sold All of His Stocks Without Offering Proof
There is not much that Trump does that is significant that he does not brag about or make very public, so I would think given all of the concerns about his conflicts of interest and his taxes and his finances, that if he did take that step, that he would have been very public about it, Hudak told ABC News.
Hudak said that one possible explanation for why Trump may not have announced his stock sale sooner is because if he was then pressed for documentation of it, he would have then revealed at least in part the size of his investment portfolio.
<snip>
ABC News has asked for further details about Trumps stock holdings and has not heard back from his transition team.
So the question of whether Trump sold his stocks is settled only if one believes what Trump and his team say.
Do you take them at their word, and without verification?
Response to Moosepoop (Reply #6)
HoneyBadger This message was self-deleted by its author.