New York (AP) – When Donald Trump proposed some financial advice on Wednesday morning, the shares were hesitant between profits and losses.
But it was about to change.
“It’s a great time to buy !!! DJT,” he wrote in his Truth Social Platform at 9:37 in the morning
Less than four hours later, Trump announced a 90-day break for almost all his tariffs. The shares increased on the news, closing 9.5% until the end of trade. The market, measured by the S&P 500, won about $ 4 trillion, or 70%of the value it had lost in the previous four trade days.
It was a preceding call from the president. It may be too predicted.
“He loves this, this control over the markets, but he is better at care,” said Trump’s critic and former White House Ethics lawyer Richard Painter, noting that the Securities Act prohibits internal information or helping others to do so. “The people who bought when they saw this post made a lot of money.”
Senators talk
Democratic senators call for an investigation.
“Did anyone buy or sell shares and profit at the expense of the public,” said the democratic senator Adam Schiff in a publication on the Bluesky platform. Added Democratic Senator Chris Murphy of the X Connecticut, “the internal trade scandal is boiling.”
The key question is: Trump was already considering the tariff pause when he did this post?
“In the last few days I have been thinking about it,” Trump himself said as he asked him directly about when he arrived in his decision, but then added to the confusion, saying, “Quite early this morning.”
Asked for an explanation of time in an email to the White House later, a speaker did not respond directly, but defended Trump’s post as part of his job.
“It is the responsibility of the United States President to calm markets and Americans for their economic security in the face of continuous media fear,” writes White House spokesman Kush Deza.
Trump Media Shares
Another curiosity of the publication was Trump’s entry with his initials.
DJT is also the symbol of stocks for Media and thechnose Group, the company mother of the President Truth Social President President.
It is unclear whether Trump said they were buying shares in general or more special to Trump media. The White House was asked, but did not turn to it. Trump includes “DJT” in his publications periodically, usually emphasizing that he personally wrote the message.
The vagueness of what Trump meant did not prevent people from pouring money into this action.
The Trump media closed 22.67%, elevating twice as much as the wider market, a stunning presentation of a company that lost $ 400 million last year, and at first glance it is not affected by whether the tariffs will be imposed or stopped.