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Trump threatens to 'challenge' NBC's license; Comcast shares dip slightly
President Donald Trump says in a tweet, "With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License?"
Comcast trading volume jumped and the shares moved slightly lower after the tweet.
The Federal Communications Commission does not require networks to have licenses.
Evelyn Cheng | @chengevelyn
Published 36 Mins Ago
CNBC.com
Donald Trump NBC
Jason LaVeris | FilmMagic | Getty Images
Shares of NBC-parent Comcast dipped slightly Wednesday after President Donald Trump tweeted about challenging the NBC network license.
"With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!" Trump said in a Wednesday tweet at 9:55 am ET.
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Donald J. Trump ✔@realDonaldTrump
With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!
9:55 AM - Oct 11, 2017
22,802 22,802 Replies 6,960 6,960 Retweets 27,232 27,232 likes
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Comcast trading volume jumped and the shares fell to their lows of the day following the tweet.
The stock was down 0.8 percent as of 10:32 am in New York, while the S&P 500 was little changed.
Trump's tweet could raise fears of higher government scrutiny on Comcast, although networks are not licensed by any organization. The Federal Communications Commission requires licenses for individual radio and television stations.
https://www.cnbc.com/2017/10/11/trump-threatens-to-challenge-nbcs-license-comcast-shares-dip-slightly.html
I read somewhere yesterday that basically this sociopathic asshole wakes up every morning and makes a list of people he's going to fuck with.
He has found he can adversely affect the stocks of anyone he attacks in his tweets.
Twitter really needs to shut down his account, and Twitter needs to start getting sued when this happens.
Maybe that would get their attention and make them take away this psycho's platform.
Gothmog
(145,666 posts)L. Coyote
(51,129 posts)smirkymonkey
(63,221 posts)It is his reason for being. It made me think back to his meeting w/ Richard Branson where Branson said "Some years ago, Mr Trump invited me to lunch for a one-to-one meeting at his apartment in Manhattan. We had not met before and I accepted. Even before the starters arrived he began telling me about how he had asked a number of people for help after his latest bankruptcy and how five of them were unwilling to help. He told me he was going to spend the rest of his life destroying these five people.
He didnt speak about anything else and I found it very bizarre. I told him I didnt think it was the best way of spending his life. I said it was going to eat him up, and do more damage to him than them. There must be more constructive ways to spend the rest of your life. (Hopefully my advice didnt lead to him running for President!) I was baffled why he had invited me to lunch solely to tell me this. For a moment, I even wondered if he was going to ask me for financial help. If he had, I would have become the sixth person on his list!
I left the lunch feeling disturbed and saddened by what Id heard. There are a lot of frightening things about this election; not least that policy has been pushed so far down the agenda. What concerns me most, based upon my personal experiences with Donald Trump, is his vindictive streak, which could be so dangerous if he got into the White House. For somebody who is running to be the leader of the free world to be so wrapped up in himself, rather than concerned with global issues, is very worrying."
orangecrush
(19,640 posts)onenote
(42,779 posts)So I wouldn't put too much weight on the idea that today's drop is attributable to Trump's tweet.
Other media companies have had downturns in their stock prices recently, particularly those like Comcast and Charter that have revenue generating properties in areas impacted by the hurricane and that may have significant re-construction costs ahead.
Weekend Warrior
(1,301 posts)It starts with proving Twitter allows Trump to keep his account after others have been suspended for less. It would show that Twitter is well aware of his impact when using their service.
orangecrush
(19,640 posts)piss in his cornflakes!
And I believe someone in his inner circle was coached by Moscow as to how he could use Twitter to further their ends.
madokie
(51,076 posts)orangecrush
(19,640 posts)For both the comment, and your service, per your avatar.
Louis1895
(768 posts)Tell stock broker to buy a company's stock when it drops below a certain level.
Tweet a negative comment about the company.
Stock prices drop.
Broker buys stock.
Wait appropriate time for bullshit value of tweet to be realized or tweet something more positive
Stock price recovers.
Sell stock at profit.
++
Someone should analyze the stock price histories of companies that Trump has criticized in tweets to see if there is a pattern that we could use for our own investments!
jmowreader
(50,567 posts)This works if the SEC tracks short-selling.
We need a list of Trumps friends, a way to log Trumps tweets by time, and a short tracker.
Imagine: Trump wants to illegally enrich some of his friends. They decide to short Acme.
On Wednesday at 9 am, those friends open large Acme short positions. One of them opens one for Trump.
At 9:30, Trump launches a major anti-Acme tweetstorm.
At 9:35, Acme drops $2.50 per share.
At 9:35:15, all Trumps friends cover their shorts. They all make out like bandits, including Trump.
YES I believe Trump would manipulate the stock market for personal gain.
YES I believe market manipulation and conspiracy are impeachable offenses.
And YES I believe the GOP would impeach the bastard to save their own political skins if they could prove it.
Beartracks
(12,821 posts)orangecrush
(19,640 posts)this would be impeached in short order.
bdamomma
(63,930 posts)"bad for country".
Mr. Evil
(2,856 posts)Fucking people over for his own personal jollies and gain.