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In the wake of a contentious debate between President Joe Biden and former President Donald Trump on Thursday night, CNBC's Jim Cramer described how the vibe of the market could change if Trump returned to the White House. Cramer noted that Trump is broadly amiable to gas and oil, pointing to companies like New Fortress Energy and Cheniere . Cramer said as long as he's known Trump, the GOP candidate has had a keen interest in the market. "He loved bantering about the stock market, appeared on this show many times, because even though he was in real estate, he enjoyed stocks," Cramer said. Former President Trump's campaign did not immediately respond to a request for comment.
Persons: Joe Biden, Donald Trump, CNBC's Jim Cramer, Trump, Cramer, bode, Trump's Organizations: Kroger, Albertsons, Capri, New Fortress Energy, Republican, Nike, Starbucks, GOP Locations: China
President Biden and Republican presidential candidate, former U.S. President Donald Trump are facing off in the first presidential debate of the 2024 campaign. The New York Times editorial board on Friday urged President Joe Biden to exit the presidential election contest against Donald Trump, citing the Democrat's poor debate performance the night before. "The president appeared on Thursday night as the shadow of a great public servant," the Times editorial said. ''It should be remembered that Mr. Biden challenged Mr. Trump to this verbal duel,'' the editorial said. The Times editorial board for decades has been the leading liberal newspaper editorial voice in the United States.
Persons: Joe Biden, Biden, Donald Trump, Trump, Mr, Hillary Clinton Organizations: CNN, CNN Studios, Republican, New York Times, Times, Democratic, Trump, White Locations: Atlanta , Georgia, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPending mergers and acquisitions will likely go through in a Trump administration, says Jim Cramer'Mad Money' host Jim Cramer talks how different sectors of the market will respond to a Trump presidency.
Persons: Jim Cramer, Trump Locations: Trump
A group of some of the most powerful social conservatives in the country, fearful that Donald J. Trump may push to water down the Republican Party’s official position on abortion, sent a pointed letter to the former president this month imploring him to keep strong anti-abortion language in the party platform. The letter, which has not previously been reported but was reviewed by The New York Times, is the latest sign of the fierce behind-the-scenes lobbying underway over the language that will officially outline the party’s principles. The Republican platform has not been updated in eight years and is especially outdated on the topic of abortion after the Supreme Court overturned Roe v. Wade in 2022. The letter urges Mr. Trump to “make clear that you do not intend to weaken the pro-life plank.” Specifically, it asks him to commit to keeping language in the platform that the party supports a “human life amendment to the Constitution” and legislation to “make clear that the 14th Amendment’s protections apply to children before birth.”It was co-signed by 10 anti-abortion leaders, including Marjorie Dannenfelser of Susan B. Anthony Pro-Life America, Ralph Reed of the Faith and Freedom Coalition, Tony Perkins of the Family Research Council and Penny Nance of Concerned Women for America. Ms. Dannenfelser delivered the letter via email to Mr. Trump’s top adviser, Susie Wiles, on June 10, as the party prepares to hold its national convention in Milwaukee starting July 15.
Persons: Donald J, Trump, Roe, Wade, Marjorie Dannenfelser, Susan B, Anthony Pro, Ralph Reed, Tony Perkins, Penny Nance, Dannenfelser, Trump’s, Susie Wiles Organizations: Republican, The New York Times, America, and Freedom Coalition, Family Research, Women Locations: Milwaukee
Charges against Trump not likely affectedThe people who pushed their way into the Capitol aren’t the only ones who are facing the obstruction charge. But even before the court’s decision was handed down, Smith made clear that the charge was based on different circumstances in Trump’s case. The Supreme Court’s opinion did not address the fake electors scheme specifically. What is far more important for Trump is the Supreme Court’s pending decision on immunity. The Justice Department has taken steps for months in its prosecutions of rioters to shore up the obstruction charges.
Persons: Donald Trump, Neil Gorsuch, Brett Kavanaugh –, Biden, Trump, Jack Smith, Smith, John Roberts, nodded, , General Merrick Garland, Garland, Jackson, Barrett, Fischer, Ketanji Brown Jackson, Roberts, Amy Coney Barrett, , , ” Jackson, Joseph Fischer, Fischer “, ” Barrett, CNN’s Kristen Holmes, Paula Reid Organizations: CNN, Capitol, Trump, Enron, Trump . Trump, Justice Department, Department, The, Republican, Democratic, United States Capitol Locations: Pennsylvania
CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.
Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, , Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, , , ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, , Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden-Trump debate: 'Quite muted' reaction from U.S. Treasurys, says Mashreq CapitalAmol Shitole, head of fixed income at Mashreq Capital, says markets aren't expecting a change in fiscal policy from an administration led by Joe Biden or Donald Trump.
Persons: Shitole, Joe Biden, Donald Trump Organizations: Biden, Trump, Mashreq
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney on radar: Shares of Club name Disney dropped 3% on Friday, breaching the $100 level that Jim Cramer has in recent weeks identified as a favorable price to buy more stock. Solar praise: Analysts at Susquehanna offered upbeat commentary Friday on our newest stock: Nextracker , which joined the portfolio a day earlier . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Disney Cruise Line's Disney Dream is seen docked in Port Canaveral, Florida, on July 30, 2021.
Persons: Jim Cramer, Dow, Jim, Jim's, Donald Trump's, Trump, Cramer, Jerome Powell, he's, Powell, Joe Biden, Morgan Stanley, Jim Cramer's, Joe Burbank, Mark Gauert Organizations: CNBC, ., Federal, Nasdaq, Dow Jones, Nike, Dow, Nvidia, Apple, Broadcom, Disney, House, Trump, Susquehanna, Microsoft, Jim Cramer's Charitable, Disney Cruise, Orlando Sentinel, Tribune, Service, Getty, Sun Sentinel Locations: U.S, Nextracker, Wells Fargo, Port Canaveral , Florida
WASHINGTON — The Supreme Court on Friday ruled in favor of a former police officer who is seeking to throw out an obstruction charge for joining the Capitol riot on Jan. 6, 2021, in a ruling that could benefit former President Donald Trump. Prosecutors in Trump's case said that even if Fischer wins, Trump's conduct would still be covered by a narrower interpretation of the statute. Fischer faces seven criminal charges, only one of which was the focus of the Supreme Court case. Even if the obstruction charge is ultimately dismissed, the other charges, including assaulting a police officer and entering a restricted building, will remain in place. In his election interference case, Trump faces four charges, including one count of obstructing an official proceeding and another of conspiracy to do so.
Persons: Micki Witthoeft, Ashli Babbitt, WASHINGTON —, Donald Trump, Joseph Fischer, Joe Biden's, Fischer, Trump, Trump's Organizations: WASHINGTON, Capitol, Trump, Sarbanes, Oxley, Justice Department, ., Prosecutors Locations: Washington , DC
Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Trump Media & Technology — Shares of Trump Media & Technology Group declined about 2%, reversing an earlier gain on the heels of the first presidential debate between former President Donald Trump and President Joe Biden. Infinera — Shares of the networking solutions supplier rallied 18% after Nokia announced its plans to acquire the company for $2.3 billion. Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral.
Persons: Donald Trump, Joe Biden, Infinera, Baird, Brennan Crowley, — CNBC's Michelle Fox, Alex Harring, Samantha Subin Organizations: Nike, LSEG, Trump Media & Technology, Trump Media & Technology Group, Nokia, SAP —, BMO Capital, Digital Realty Trust, JPMorgan, Realty Trust
Washington CNN —Donald Trump used to tell his fans that he’d win so much, they’d get tired of winning. The ex-president’s lawyers are already signaling they will seek to get evidence tossed and obstruction counts against the ex-president dismissed. The court released its decision ahead of an even more critical case that will bear more directly on Trump’s criminal entanglements. A second 2020 election case, in Georgia, is also stalled – partly over a controversy and appeals process triggered by a relationship between District Attorney Fani Willis and a prosecutor she appointed. Trump is only three years younger than Biden and often lapses into gibberish in campaign events.
Persons: Washington CNN — Donald Trump, they’d, Joe Biden’s, Trump, ” Trump, Jack Smith, Aileen Cannon, Cannon, , Fani Willis, Juan Merchan, it’s, Biden, Biden’s, he’s, , overstepped, Smith, CNN’s Paula Reid, , ” Cannon Organizations: Washington CNN, Trump, America, , Justice Department, Capitol, Republican, WIN, White, Republican National Convention, Biden, Justice, Trump . Trump’s Locations: Atlanta, Virginia, Florida, Lago, Georgia, New York, Milwaukee , Wisconsin
Former President Donald Trump is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey. Of the 400 investors, traders and money managers polled, 67% said Trump would be better for stocks than President Joe Biden. The S&P 500 rose 68% during Trump's four years in office versus the 44% gain so far under Biden's administration. Seventy-seven percent of the survey respondents said they trusted the central bank to do right by the American economy, but 23% said they didn't trust the Fed. The 400 money managers who took the survey were evenly split on where they stand on the direction of the S&P 500 and Nasdaq.
Persons: Donald Trump, Trump, Joe Biden, there'll, we're Organizations: Alpha Stock Survey, Nasdaq, Biden, Federal Reserve
Washington CNN —President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some to openly question whether Biden can stay atop of the Democratic ticket. Pressed by Cooper on Biden’s performance, Harris offered a defense of her boss. Austin Steele/CNNBiden brushed off concerns about his debate performance, telling reporters that he thought he performed well while visiting patrons at a Waffle House after the debate. When asked about calls for him to drop out and if he had any concerns about his debate performance, Biden attacked former president Donald Trump. Democratic Party officials questioned why Biden missed other opportunities to slam Trump’s comments, particularly on the issue of abortion.
Persons: Joe Biden’s, Biden, , David Axelrod, Axelrod, Donald Trump, Trump’s, Kamala Harris, Joe Biden, ” Harris, CNN’s Anderson Cooper, Cooper, Harris, , I’m, Trump, Austin Steele, CNN Biden, ” Biden, who’s, Gavin, Newsom, Gretchen, Whitmer, I’d, “ Trump, Kate Bedingfield, ” Bedingfield, “ Biden, Trump’s mistruths, Jill Biden, Jake Tapper, Dana Bash, Will Lanzoni, Jill, Joe Organizations: Washington CNN, Democratic, CNN, Capitol, White House, Waffle, , Biden, Convention, Biden White House Locations: United States, Chicago, Trump’s
London CNN —President Joe Biden had a shaky performance in last night’s presidential debate, triggering panic in the Democrat camp. Former President Donald Trump, meanwhile, repeated multiple falsehoods while doubling down on his record of cutting taxes and hiking tariffs during his first presidential term. If repeated in a second Trump term, many economists fear that kind of agenda could stoke inflation at a critical moment and add to America’s rapidly growing debt mountain. That could pull the typical year-end election relief rally forward, said Ed Clissold, chief US strategist at Ned Davis Research. The US dollar has also been reactive — it edged higher as initial CNN polling found that Trump was viewed as the winner of the debate.
Persons: Joe Biden, Donald Trump, shrugged, , Keith Lerner, Barack Obama, Trump, Lerner, Ed Clissold, Ned Davis, Antonio Ernesto Di Giacomo, , Goldman Sachs ’ Scott Rubner, Jonas Goltermann, Emmanuel Macron, Katie Nixon, France’s, CDK, Ramishah Maruf, Eva Rothenberg, aren’t, they’ve, Scott Campbell, CNN they’ve, Jordan Valinsky, Tim Wentworth Organizations: London CNN, Democrat, Trump, , Biden, Ned, Ned Davis Research, Investors, Capital Economics, CNN, Renaissance, Northern Trust Wealth Management, CAC, CDK, Auto, Capital City Buick GMC, Bloomberg, Walgreens Locations: France, , North America, United States, Canada, Berlin , Vermont, Eastern Europe, America
Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. AdvertisementStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. AdvertisementA third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. Outside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.
Persons: , Joseph Stiglitz, Stiglitz, Trump, Axios, Joe Biden, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Trump, U.S, Republicans, CNN Locations: U.S
Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.
Persons: Donald Trump, Joe Biden, Infinera, , Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets
Asked whether Biden would exit the race, Biden campaign spokesperson Seth Schuster responded: “No.”“There’s no basis for that,” one Biden adviser also told CNN Friday morning. The Biden campaign will hold an all-staff meeting Friday afternoon, two Biden campaign officials told CNN, part of what they said is a routine pattern of Friday meetings. “It’s hard to debate a liar,” Biden told patrons at an Atlanta-area Waffle House following the debate. Big lies.”Pro-Biden political world fretsIn the broader pro-Biden and anti-Trump political universe, the panic over Biden’s debate performance was much clearer on Friday morning. God.”The veterans of Obama’s administration who launched the “Pod Save America” series of podcasts popular with liberal listeners also lamented Biden’s performance.
Persons: Joe Biden’s, Biden, , Donald Trump, Seth Schuster, , Joe Biden, Allison Joyce, Hakeem Jeffries, Biden —, “ I’m, ” Jeffries, Biden’s, David, “ It’s, It’s, , Jeff Zients, Anita Dunn, Tristen Rouse, CNN ‘, ’ Biden, , Barack Obama’s, Obama, ” Obama, ” Biden, reconsidering, Joe, Jill Biden, Trump, Republican Adam Kinzinger —, Kinzinger, Joe Scarborough —, Axios, ” Scarborough, ” Jon Stewart fuming, ” Stewart, Jon Favreau, haven’t, Joe Biden —, ” Ben Rhodes, “ Joe Biden couldn’t, Angie Craig, Brad Schneider, Scott Peters, ” Peters, Nancy Pelosi, ” Trump, Jim Clyburn, didn’t, Democratic Sen, Ben Cardin, Ben Cardin of Maryland, “ Biden, ” Cardin, ‘ We’ve, Josh Shapiro, Shapiro, ” “, we’ve, ” Shapiro, Michigan’s Gretchen Whitmer, “ Joe Biden, ” Whitmer, Donald Trump’s, Betsy Klein, Haley Talbot, Manu Raju, Veronica Stracqualursi, Andrew Millman, Ted Barrett, Lauren Fox, Annie Grayer, Priscilla Alvarez Organizations: Washington CNN, Democratic, CNN, House, Getty, House Democratic, Biden, White, White House, , Trump, Charlottesville White, New York Times, Republican, Illinois, Obama, ” Hill, California, South Carolina Rep, Pennsylvania Locations: North Carolina, Wilmington, Raleigh , North Carolina, Carolina, Biden’s Wilmington, Washington ,, Atlanta, Charlottesville, America, Ben Cardin of, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's message is resonating around the country, says North Dakota Gov. Doug BurgumNorth Dakota Gov. Doug Burgum, who is also a Trump Campaign surrogate, joins ‘Squawk Box’ to discuss the first presidential debate, how both Biden and Trump performed, and more.
Persons: Doug Burgum, Trump Organizations: North Dakota Gov, Doug Burgum North Dakota Gov, Trump, Biden
“Hard to watch” is how multiple foreign diplomats described Thursday night’s debate between Biden and Trump to CNN. I had difficulties understanding what he was saying, and I understand English pretty well,” said a second European diplomat. Biden’s debate flop was front-page news across Europe, with left- and right-leaning newspapers excoriating the president – even in France, where the country has its own elections coming up this weekend. “There are many options that are discussed, but we don’t see, any that are self-evident,” the first European diplomat said. Moscow’s state TV station, Russia 1, lampooned Biden’s debate performance.
Persons: Joe Biden’s, Donald Trump, Trump, Biden, , “ Trump, , , Vladimir Putin, Putin, ” Trump, Radek Sikorski, “ Marcus Aurelius, Commudos, didn’t, Kamala, Harris, Trump’s, Volodymyr, Zelensky, Biden pilloried, Joe’Matosed ”, “ Biden, Biden’s, Emmanuel Macron’s, Ansa, Russia’s, Olga Skabeeva laughingly Organizations: CNN, Biden, NATO, Democratic Party, , , strongmen, Arab, Financial Times, Sun, Guardian, Monde, TV Locations: Europe, East, Asia, European, Arab, Asian, France, Russia, Ukraine, Russian, Afghanistan, Polish, California, Israel, British, Atlanta, Greece’s, Italy, Puglia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket favors a second Trump presidency as he is seen as more 'business friendly'David Neuhauser of Livermore Partners discusses the upcoming U.S. elections, saying that "neither Trump nor Biden" have indicated that they will be tackling the budget deficit in the United States.
Persons: David Neuhauser, Trump, Biden Organizations: Email, Trump, Livermore Partners Locations: United States
Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Supporters of independent candidate Robert F. Kennedy Jr. protest outside the White House on Thursday. Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024.
Persons: Joe Biden, stiffly, Donald Trump, Biden, John F, Kennedy, Richard Nixon, , Ron Klain, , Trump, didn’t, parry, Austin Steele, ” Biden, Will Lanzoni, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, Tristen Rouse, Tapper, CNN Tapper, Bash, Robert F, Kennedy Jr, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Troublingly, , Van Jones, Kamala Harris, ” Harris, CNN’s Anderson Cooper, Harris, Paul Ryan, Gavin Newsom, Gretchen Whitmer —, Barack Obama, Ronald Reagan, CNN’s Kasie Organizations: CNN, Trump, Democratic Party, Democratic National Convention, Capitol, Atlanta, Voters, Democratic, White, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, Republican, Trump Organization, coalesces, Biden White, Michigan Locations: Atlanta, America, incoherence, Georgia, CNN's, Washington ,, AFP, United States, New York, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer talks the impact of another Trump presidency on the stock market'Mad Money' host Jim Cramer talks how different sectors of the market will respond to a Trump presidency.
Persons: Jim Cramer, Trump Organizations: Trump
Read previewThe first presidential debate of 2024 did not go well for President Joe Biden. Despite a few jabs at Trump, Biden spent much of the debate slurring through sentences and, at times, sounding incoherent. AdvertisementBut the shortcomings of Biden's performance — which Business Insider's politics reporters called a "complete disaster" — went beyond his speaking segments. 'It wasn't the president's finest hour'When it was Trump's turn to speak, Biden sometimes looked toward the ground as though drifting from the conversation. "I don't think Biden's base can put a positive spin on his first debate performance," Falzon said.
Persons: , Joe Biden, Donald Trump sparred, Biden, Trump, Paul Falzon, Falzon, Adriana Giotta, Giotta, TikTok, Biden Trump, Zers, Biden's, lauding, Donald J, Joe Organizations: Service, Trump, Business, Google, Biden Locations: Singapore
CNN —CNN’s Thursday night debate between President Joe Biden and former President Donald Trump was watched by 47.9 million viewers on television, according to preliminary figures from Nielsen. On television, CNN drew 8.7 million viewers on its flagship channel, including 3 million in the advertiser coveted 25-54 demographic, the network said Friday. The right-wing talk channel Fox News drew 8.8 million viewers, ABC News saw 8.7 million viewers and MSNBC drew 3.968 million viewers. The nearly 48 million who watched Thursday night’s debate on television represents a 35% drop in audience from 2020, when more than 73 million people watched the first debate between Trump and Biden across all television networks. The previous most-watched program in CNN’s history occurred in 2015, when a GOP debate featuring Trump and a slew of Republican rivals averaged 23.1 million viewers.
Persons: CNN —, Joe Biden, Donald Trump, Hillary Clinton, Trump, , , Nicholas Kristof, David Chalian, Jake Tapper, Dana Bash, Bash, he’d, Jake, Dana Organizations: CNN, Nielsen, Fox News, ABC News, MSNBC, Max, Trump, Biden, YouTube, GOP, New York Times Locations: Atlanta, Trump
Trump Media stock surges 10% after debate
  + stars: | 2024-06-28 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
CNN —Former President Donald Trump’s social media company is getting a boost after President Joe Biden’s shaky debate performance. Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday as investors bet the debate has boosted Trump’s chances of retaking the White House. Trump is the chairman of Trump Media, and he is the leading shareholder. Trump Media doesn’t really trade on the fundamentals of the underlying company, the stock has ebbed and flowed with the news about Donald Trump, including his criminal conviction and Thursday night’s debate performance. Trump Media is valued at more than $6 billion even though the company makes very little revenue and Truth Social is tiny.
Persons: Donald Trump’s, Joe Biden’s, Trump, , Donald Trump, “ DJT, ” Matthew Tuttle, Tuttle, Biden, aren’t Organizations: CNN, Social, Trump Media & Technology, Trump Media, Trump, Tuttle Capital Management
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