All the stock market losses Trump has created lately are quite ironic, considering his earlier boasts about the stock market - even when it was still rising on former President Obama's policies.
http://thehill.com/policy/finance/38126 ... us-imports
U.S. stocks slid Monday after China announced new tariffs on agricultural imports from the United States in response to President Trump’s levies on foreign steel and aluminum.
The Dow Jones industrial average had fallen more than 500 points shortly after noon, a 2.3 percent drop. The S&P 500 index had dropped 2.6 percent and fell into correction territory — a 10 percent drop from its 52-week high. The Nasdaq had taken the heaviest losses, falling 2.9 percent.
https://www.bloomberg.com/news/articles ... -skyrocket
Here’s one way to assess President Donald Trump’s tariffs on imported steel and aluminum: America’s factories already aren’t feeling so great.
The tariff announcement helped send a measure of raw-material prices paid to an almost seven-year high in March, the Institute for Supply Management’s manufacturing survey showed Monday.
https://www.bloomberg.com/news/articles ... -quicktake
Trump Wanted a Trade War. Here's What One Looks Like
In a two-week span, President Donald Trump ordered up an array of tariffs against numerous countries, blocked Chinese takeovers of U.S. companies and sought new restrictions on future Chinese investment. China responded with tariffs of its own on imports of 128 U.S. goods. Economists are warning that the world is on the verge of an all-out trade war, featuring tit-for-tat reprisals, heated rhetoric and appeals to the World Trade Organization, which may be ill-equipped to respond.
I'm not fond of all the cheap Chinese imports or their increasing power in the U.S., but it's one thing to consult with real experts and formulate policies, and another for Trump to create a mess of a trade war based on his own impulses and what seems to be Peter Navarro's influence.
https://www.marketwatch.com/story/calle ... 2018-03-02
Meet Peter Navarro, the man who pushed Gary Cohn out of the White House
It wasn’t that long ago that Peter Navarro was the butt of jokes in Washington. Now, or at least for the moment in the topsy-turvy world of the Trump White House, it looks like he just got the last laugh.
Navarro, a trade deficit hawk, has long advocated for President Donald Trump to impose trade restrictions on national security grounds and to pull out of the North American Free Trade Agreement.
...A trade publication recently suggested that Navarro is set for a promotion into Trump’s inner circle.
The National Review (conservative) and the Washington Post (leans liberal) are united in their disdain for Peter Navarro:
https://www.nationalreview.com/2017/04/ ... economics/
Peter Navarro: Trump’s Nutty Economics Professor
https://www.washingtonpost.com/business ... story.html
Meet Mr. ‘Death by China,’ Trump’s inside man on trade
A disturbingly predictive 2017 article from Politico
https://www.politico.com/magazine/story ... ina-214772
The Most Dangerous Man in Trump World?
How Peter Navarro could lead us into a global depression—or worse.
Also ironic - getting more accurate information from Russian media than the US presidency.
https://www.bloomberg.com/news/articles ... emlin-says
“When our presidents spoke on the phone, Trump suggested having the meeting in Washington at the White House,” Kremlin foreign policy aide Yuri Ushakov told reporters on Monday. “This is quite an interesting, positive idea.”
...Trump had told reporters he discussed a potential summit with Putin shortly after the phone call but neither he nor Sanders disclosed that an invitation to the White House was under consideration until the Kremlin revealed it Monday
This was the phone call where Trump's national security advisors had told him "DO NOT CONGRATULATE" at the top of his briefing and he went ahead and congratulated Putin on "winning" his rigged election anyway.
And Sinclair media is flexing its muscle in promoting Trump on local news:
http://fortune.com/2018/03/08/sinclair- ... fake-news/
Sinclair TV Group Requires Local News Anchors to Echo President Trump in Bashing 'Fake News'
Sinclair Media Group, one of the largest local TV station owners, is reportedly requiring its anchors to read promotional messages on air that many are calling “pro-Trump propaganda.”
Trump loves them, of course:
http://thehill.com/homenews/administrat ... s-networks
President Trump on Monday defended Sinclair Broadcasting Group after its move to have its local news anchors warn of alleged bias in reporting by other media outlets.
... So funny to watch Fake News Networks, among the most dishonest groups of people I have ever dealt with, criticize Sinclair Broadcasting for being biased. Sinclair is far superior to CNN and even more Fake NBC, which is a total joke.
Lots of mainstream news organizations sites have been writing exposes and warning about Sinclair, for a while now:
https://www.pbs.org/newshour/show/sincl ... local-news
How Sinclair Broadcasting puts a partisan tilt on trusted local news
https://www.theguardian.com/media/2017/ ... tbart-news
This is Sinclair, 'the most dangerous US company you've never heard of'
Sinclair is the largest broadcast company in America. But its partisan politics – and connections to the White House – are raising concerns
Most Americans don’t know it exists. Primetime US news refers to it as an “under-the-radar company”. Unlike Fox News and Rupert Murdoch, virtually no one outside of business circles could name its CEO. And yet, Sinclair Media Group is the owner of the largest number of TV stations in America.
“Sinclair’s probably the most dangerous company most people have never heard of,” said Michael Copps, the George W Bush-appointed former chairman of Federal Communications Commission (FCC), the top US broadcast regulator.
http://www.slate.com/articles/news_and_ ... _news.html
News. Traffic. Weather. Trump.
How Sinclair Broadcast Group and Boris Epshteyn took administration propaganda from the Oval Office to the local news.
They've also been fined by the PCC for other trickery:
http://variety.com/2017/politics/news/s ... 202647175/
The FCC is slapping Sinclair Broadcast Group with a $13.4 million fine for running news stories on a cancer foundation but failing to disclose that the foundation was paying for them to air.
The FCC said that the programming was broadcast more than 1,700 times, “either as stories resembling independently generated news coverage that aired during the local news, or as longer-form stories aired as 30-minute television programs.” The agency said that it was the largest fine ever imposed for a violation of its sponsorship identification rules.
And they're about to get more control of your local news, thanks in part to Trump's FCC chief.
http://fortune.com/2017/07/25/sinclair- ... -local-tv/
Sinclair Broadcast Group isn’t looking to challenge Fox News’ position as the leading conservative voice in cable news, but the country’s largest television station operator’s latest acquisition could at least trigger a major shift in the local TV news landscape.
https://www.politico.com/story/2017/08/ ... ion-241337
Sinclair Broadcast Group is expanding its conservative-leaning television empire into nearly three-quarters of American households — but its aggressive takeover of the airwaves wouldn’t have been possible without help from President Donald Trump's chief at the Federal Communications Commission.
Sinclair, already the nation’s largest TV broadcaster, plans to buy 42 stations from Tribune Media in cities such as New York, Chicago and Los Angeles, on top of the more than 170 stations it already owns. It got a critical assist this spring from Republican FCC Chairman Ajit Pai, who revived a decades-old regulatory loophole that will keep Sinclair from vastly exceeding federal limits on media ownership.
http://www.baltimoresun.com/business/bs ... story.html
Feb 28, 2018. Sinclair Broadcast Group expects to finalize its proposed $3.9 billion takeover of Tribune Media in the second quarter, the Hunt Valley TV station owner said Wednesday.
The company updated the status of the planned acquisition, which would cement its spot as the nation’s largest broadcaster, as it reported financial results for the last three months of its fiscal year.
Edit to add another Sinclair media tentacle, from Harvard's Nieman Foundation
http://www.niemanlab.org/2017/07/in-cir ... n-hannity/
In Circa, Sinclair sees a way to attract “independent-minded” millennials (and Sean Hannity)
What was once an imaginative mobile news app has become a big part of Sinclair’s national strategy — one that critics say pushes its conservative views on audiences.