Market reacting to REALITY!
Media conglomerate Time Warner, which owns CNN, saw its stocks fall Wednesday after President-elect Donald Trump labeled the outlet “fake news,” a CNBC reporter says.
Time Warner shares, as Trump tells @Acosta, "You are fake news."$TWX @CNN pic.twitter.com/N1LpAKEXkK
— Carl Quintanilla (@carlquintanilla) January 11, 2017
According to CNBC reporter Carl Quintanilla, the shares took a noticeable dip during the president-elect’s first news conference moments after Trump refused to answer questions from CNN Senior White House Correspondent Jim Acosta.
“Your organization is terrible…” Trump said repeatedly. “I’m not going to give you a question. You are fake news.”
Steve Kopack, a social lead for CNBC’s breaking news desk, also stated that shares “fell to session low.”
It wasn't just pharma/biotech stocks that Trump hit today, when he told @Acosta "you are fake news" $TWX shares fell to session low. pic.twitter.com/z5EwDct7Q1
— Steve Kopack (@SteveKopack) January 11, 2017
While the dip was minuscule financially, Kopack asserted the incident showed the “power of Trump’s comments.”
“Should be noted that the $TWX move was an approximately 1.2% or $1.10/share move total, but shows power of Trump comments,” Kopack added.
During the press conference Trump also pointed to numerous other journalists in the crowd and similarly branded them as “fake news.”
Ref.: http://www.infowars.com/time-warner-stocks-fall-after-trump-labels-cnn-fake-news/
Butthurt CNN Reporter BAWLS That He May Have Been Thrown Out of Press Conference
Immediately after his epic scolding from Trump, CNN’s Jim Acosta got on air and complained to his buddies that Trump’s a big bad guy and was going to “throw him out.”
What a baby!
CNN's @Acosta reports that Trump's White House press secretary threatened to throw him out of the press conference for asking a question. pic.twitter.com/M5uBVssL9s
— Media Matters (@mmfa) January 11, 2017
No greater joy than watching @PEOTUS #BitchSlap the beta male from @CNN… #lol
— James Woods (@RealJamesWoods) January 11, 2017