Live Blogging Reality: No Fake News Here!
Okay, I’m trying to stay away from any Trump News because honestly, it’s affecting my sanity and well being. That is the honest truth.
Something else that’s not Fake News. The CEO of Merck has resigned from Trump’s business council, in response to the Charlottesville white supremacy rally and rioting, and the fact that Trump didn’t call out the violence of the white supremacists right away, saying that there’s hatred and racism on many sides. So (and I repeat, this is not fake news) Trump didn’t want to get heat from the far right wing, bigots and racists who voted him in, by not calling them out by name. And, only 48 hours later, after much protesting even from staunch Republicans, did he call out the white supremacists for being the evil that they are.
So, meanwhile he truly pissed off some savvy business CEOs, who responded to this travesty by resigning from his business council. End of story. Not Fake News!
Today’s Random Live Blogging…
7:19am – We’re having a nice rally on the stock market this morning. I’ve been following along since 6am, but am just able to chime in just now. Many stocks have gapped up this morning, and I’m wondering if it’s because of the actions of CEOs against Trump’s initial reaction and words to the Charlottesville incident in which a young woman was killed and several injured when a white supremacist plowed into a group of anti-white supremacist rioters. The ‘many sides’ thing has gotten Trump into a lot of hot water, but it’s the actions of CEOs resigning from Trump’s business council that sparked this response against him. And the drama continues to unfold…
7:22am – Merck [stock_quote symbol=”MRK”] has gapped up and is surging this morning, following the resignation of its CEO from Trump’s business council.
7:45am – Here’s Merck CEO Kenneth C. Frazier’s statement in response to Trump’s failure to call out the White Supremacists directly last Saturday…
“Our country’s strength stems from its diversity and the contributions made by men and women of different faiths, races, sexual orientations and political beliefs.
America’s leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal.
As CEO of Merck and as a matter of personal conscience, I feel a responsibility to take a stand against intolerance and extremism.”
7:50am – I picked up shares of Snapchat [stock_quote symbol=”SNAP”] late yesterday, and shares of Blue Apron [stock_quote symbol=”APRN”] this morning. For better or worse, let’s see how these new companies do in the long term.
7:56am – Of course, Trump has to react caustically with a tweet at Merck CEO Ken Frazier:
“Now that Ken Frazier of Merck Pharma has resigned from President’s Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!”
This only proves more that: 1. Trump is a total jerk and will not apologize for his insensitivity toward the Charlottesville violence caused by White Supremacists. 2. He’s acting like a spoiled bully attempting to insult the Merck CEO for saying something that is really in the best ideals of the nation!
8:00am – Top Portfolio Leaders this morning so far:
- Snap, Inc. – [stock_quote symbol=”SNAP”]
- Amazon.com – [stock_quote symbol=”AMZN”]
- ING – [stock_quote symbol=”ING”]
- Apple, Inc. – [stock_quote symbol=”AAPL”]
10:26am – So, the two stocks I bought in the past two days are Snapchat [stock_quote symbol=”AAPL”] and Blue Aprn [stock_quote symbol=”AAPL”], and both stocks are surging today. Go figure! 😉