Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)
 

Odoreida

(1,549 posts)
Mon Jun 8, 2020, 03:02 PM Jun 2020

Why is this sh*t good for big business? [View all]

Trump celebrates a 'big day for the stock market' as Dow jumps by 250 points and American Airlines reveals their shares have DOUBLED in price off the back of reopening and huge jobs report
https://www.dailymail.co.uk/news/article-8399187/Dow-Jones-jumps-250-points-American-Airlines-reveals-shares-DOUBLED-month.html

The Dow was up 263 points, or 1%, at 27,374, on Monday morning

Hammered shares in travel operators, including American Airlines and United Airlines Holdings, climbed between 7% and 16.5% in premarket trading

AA stocks were up 7% from pre-market on Friday. At $19.90, shares had doubled compared to this time last month and increased 94% from two months ago

The market saw a boost Friday when the government said 2.5 million jobs were added to payrolls last month, after economists expected 8 million more jobs lost

Trump tweeted: 'Big day for Stock Market. Smart money, and the World, know that we are heading in the right direction. Jobs coming back FAST'

...


I'm trying to avoid getting all conspiracy theoretical about this.

Is all the upheaval simply irrelevant to them or are they profiteering on it somehow?
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»Why is this sh*t good for...