U.S. Steel suffers biggest stock plunge in its 26-year public history

[ffr]

Shares of U.S. Steel Corp. X, -25.86% plunged 25% in morning trade Wednesday, putting them on course to suffer the biggest one-day selloff since they went public in April 1991, after the steelmaker reported a surprise quarterly loss. The previous biggest one-day drop was 18% on Oct. 15, 2008. The stock, which was by far the biggest percentage decliner listed on the NYSE, was trading at the lowest level seen since Nov. 8, 2016. At one point, the stock had nearly doubled after the election, to a 2 1/2-year high close of $41.26 on Feb. 21, before all the post-election gains were erased. - MarketWatch

Bet rust belt voters are feeling a little neglected by the Orange Turd Blossom they elected and his band of KGOP thieves.

In related news, expect housing starts to either plummet or the cost of new homes to drastically increase due to a 20% tariff put on Canadian lumber.

Lumber fight with Canada could raise home prices - USA Today

The tRump administration on Monday imposed a 20% tariff on softwood lumber entering the United States from Canada, souring a generally friendly trading relationship between the two countries.

[underpants]

1. Trump has a softwood problem

[ffr]

2. That would explain why Malania prefers to live in an electric city.

Good one!

[underpants]

8. :-)

[Orrex]

3. And his bark is worse than his bite

Well played, by the way.

[underpants]

7. You too

[Wellstone ruled]

4. Well well,

the question should be asked,did this stock plunge have anything to do with all the Russian Steel that is being dumped in New Jersey. Buy American,yah right!!

[Bleacher Creature]

5. What happened to the whole "winning" thing??? NT

[randome]

6. Well, China's winning.

[hr][font color="blue"][center]There is nothing you can't do if you put your mind to it.
Nothing.[/center][/font][hr]

[gratuitous]

9. That doesn't make any sense

The Keystone XL pipeline is supposed to use 100% all American steel, which is going to create skabillions of jobs, and even bring the coal industry roaring back. President Trump promised!

[MFM008]

10. maggot in chief

will bring back the tried and true pony express.

[ffr]

11. I hear wild horses could be trained for that.