Former Trump advisor (Icahn) dumps $30million in steel stocks a week before the tariff announcement....

[hal9000]

http://www.newsweek.com/carl-icahn-sold-millions-steel-stock-donald-trump-tariff-announcement-829029

http://nymag.com/daily/intelligencer/2018/03/trump-pal-sold-steel-related-stock-days-before-tariff-news.html

A billionaire investor and former presidential adviser unloaded nearly $31.3 million in a steel-related stock company just days before President Donald Trump announced he would impose steep tariffs on foreign steel and aluminum—news that sent stock markets tumbling around the world.

Between February 12 and February 22, three of Carl Icahn's companies happened to place four sell orders amounting to $31,277,063.43, according to a Securities and Exchange Commission filing. The filing was first reported by the liberal news site ThinkProgress.

At the time, Icahn owned more than 5 percent of Manitowoc Company Inc.'s shares. Manitowoc Company Inc. is a "leading global manufacturer of cranes and lifting solutions" based out of Wisconsin, according to its website. Manitowac Cranes describes itself as one of the "largest providers of lifting equipment for the global construction industry."

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Trump didn't announce his plan to impose a 25 percent tariff on steel and 10 percent on aluminum products until Thursday, one week after Icahn's final transaction.

That was great timing for Icahn, but it caught the markets off guard. The announcement sent the stock market sliding. The Dow Jones industrial average plunged more than 400 points, a 1.7 percent drop, by the closing bell on Thursday. The Standard & Poor's 500 index and the NASDAQ Composite were also down about 1.3 percent.

icahn
Carl Icahn unloaded nearly $3.3 million worth of stocks in a company largely dependent on the price of steel just days before President Donald Trump announced his administration would impose a 25 percent tariff on steel and 10 percent tariff on aluminum.
SECURITIES AND EXCHANGE COMMISSION

Manitowoc Co.'s stock also took a beating, dropping 6 percent on Thursday, according to Reuters, which lumped the company in with Caterpillar Inc. and Boeing as "major consumers of steel."

On February 16, Commerce Secretary Wilbur Ross issued a statement that he had suggested Trump consider several recommendations regarding steel imports, including a 24 percent global tariff. That statement, however, came four days after Icahn began selling off the Manitowoc stock.

On February 23, a day after Icahn's final sales, Bloomberg reported the president had "told confidants" of his plan to impose steep steel tariffs. In an interview with CNBC on Thursday, Icahn said he hasn't "had much interaction with [Trump] at all in the last four or five months."

Uh oh.

 

[studog]

how much you wanna bet it was Carl who told Cheeto to make the tariff announcement

 

[hal9000]

They're not even trying to hide their corruption at this point.

 

[obslop]

this is how the stock market works.

 

[Autoprax]

My friend who is a trump guy might not be able to get materials for his business because of trump having a trade war.

 

[studog]

My friend who is a trump guy might not be able to get materials for his business because of trump having a trade war.

but drain the swamp

 

[Billy Ocean]

There was a profile on Icahn in the New Yorker a few months ago

Consider the source but he comes off as a sad individual

Totally obsessed with money

Beyond all reason and practicality

He’s a smart guy and had a sort of moral argument at one time (I.e. , CEOs are basically fraternity presidents)

But at this point he seems pretty destructive

 

[studog]

There was a profile on Icahn in the New Yorker a few months ago

Consider the source but he comes off as a sad individual

Totally obsessed with money

Beyond all reason and practicality

and that's who Cheeto's idol is

 

[StuAzole]

wouldn't you want to own US steel stocks in a world of protectionism? I guess unless they export too, lol.

 

[GromsDad]

Say what you want about Trump but he really is making an effort to follow through on the things he campaigned on. He campaigned repeatedly to large crowds spouting off about how he wanted to put tariffs on steel because he felt we were getting screwed. Give him credit for following through.

 

[studog]

Say what you want about Trump but he really is making an effort to follow through on the things he campaigned on. He campaigned repeatedly to large crowds spouting off about how he wanted to put tariffs on steel because he felt we were getting screwed. Give him credit for following through.

No. There’s a special election in Pennsylvania coming up. Besides Carl directing this to make $30 billion this announcement is to get votes in the up coming election. The area is Steel country. Ruining the America economy in the long term so he can keep votes

 

[Ifallalot]

This is the collusion we should be worried about

Not social media

 

[StuAzole]

This is the collusion we should be worried about

Not social media

Social media has nothing to do with collusion. Collusion will be Trump agreeing to receive stolen information in return for a promise to end Russian sanctions.

 

[sizzld1]

This is the collusion we should be worried about

Not social media

Social media has nothing to do with collusion. Collusion will be Trump agreeing to receive stolen information in return for a promise to end Russian sanctions.

Not to mention "social media" and "trolling" are bullshit excuse terms and iFall knows it. Yet he persists for some reason.

You never did respond to this....

You people simply won't accept that the final result of the whole Russian operation is social media posts. Add to that your elitism where you MY GOSH CANNOT POSSIBLY BELIEVE THAT SOMEONE WOULD VOTE FOR *THAT* MAN, SOMEONE *MUST* HAVE BEEN BEHIND THIS and you guys simply can't see the forest for the trees.

I don't see anyone on here saying the results of the election are illegitimate. This is the same bullshit strawman argument you guys use over and over. Congratulations on reaching GromsDad level thought processes.

Beyond that, it's an idiotic argument. These "trolls" were part of a highly sophisticated operation, spending more than $1 million a month, engaging in all kinds of disinformation campaigns. They sent spies to the United States to setup assumed identities to make their accounts look like they were coming from Americans.

A "troll farm" is an organized operation of many users who may work together in a "factory" or from different places across a distributed network to generate online traffic aimed at affecting public opinion, and to spread misinformation and disinformation.

And their efforts were effective. Trump and many people in his campaign retweeted and spread lies promulgated by these "troll" accounts dozens of times. You don't think that matters?

They didn't need to change everyone's vote and they certainly weren't the reason for the vast majority of votes Trump received. But, all they needed to do was change several thousand votes in a few key states to completely change the outcome of this particular election. Who knows if they did or not? How could we even tell? But, we know the Russians hacked into voter rolls and had highly detailed information about voting demographics in many of these key states. How do you think independent voters decide which candidate to ultimately choose? It doesn't take a genius to figure out that the media and "news" they are exposed to is going to play a key role...[sadly many Americans get their news from social media these days and never check for sources]

AND, even if you're so delusional that you can't see any issues with the above, the fact the POTUS and his campaign staff were [allegedly] conspiring with a foreign government to sway the election [and don't make your idiotic comparison to Clinton], and lying to the public/DOJ about their contacts with Russians that all seem to have to do with easing sanctions [in exchange for dirt on Clinton in at least one instance], should concern you more than enough.

 

[Ifallalot]

When did you post that?

All social media nonsense. Were these troll farms actually ran by the Kremlin?

Spreading lies and nonsense is part of a campaign

 

[Ifallalot]

This is the collusion we should be worried about

Not social media

Social media has nothing to do with collusion. Collusion will be Trump agreeing to receive stolen information in return for a promise to end Russian sanctions.

It has everything to do with social media. What do you think the stolen information was?

 

[sizzld1]

When did you post that?

All social media nonsense. Were these troll farms actually ran by the Kremlin?

Spreading lies and nonsense is part of a campaign

Alright. I guess you're not as thoughtful as I believed. Good luck. :wave2:

And yes, the troll farm was run by one of Putin's closest allies. The same guy who ordered an attack on American troops in Syria [with Putin's blessing] a week or so ago. Not that you're interested in understanding any of these issues.

 

[manbearpig]

When did you post that?

All social media nonsense. Were these troll farms actually ran by the Kremlin?

Spreading lies and nonsense is part of a campaign

Whose campaign are we talking about? Trumps or Putin’s?

 

[potato-nator]

Say what you want about Trump but he really is making an effort to follow through on the things he campaigned on. He campaigned repeatedly to large crowds spouting off about how he wanted to put tariffs on steel because he felt we were getting screwed. Give him credit for following through.

Through the endless crap - its hard to pay attention - I too see this.
Bewildered; yet hoping for the best. Am I.

 

[GromsDad]

Did Trump or did he not make a campaign promise repeatedly to place tariffs on foreign steel?

Shouldn't people after they are elected make good on the promises they made on the campaign trail?

Agree or disagree with the policies themselves but you have to admit that Trump has probably been the most aggressive president in my lifetime when it comes to following through on the things he promised on the campaign trail.