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Republican presidential nominee and former U.S. President Donald Trump speaks as he participates in an interview with billionaire entrepreneur Elon Musk on the social media platform X, at Mar-a-Lago in Palm Beach, Florida, U.S., August 12, 2024 in this picture obtained from social media. Margo Martin via X/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.
The stock market is booming today. Except for one stock.
The Dow is up almost 600 points at 2:30pm thanks the Fed rate cut yesterday.
Donald Trump always warned that markets would crash if he wasn’t president. But that’s proven untrue. The only stock bombing is his Trump Media.
Trump Media, a sewage system for haters, has fallen below $15 today. That’s an all time low since the company merged and was revived last winter. It may drop even more before the day is over.
If the stock hits $12, Trump cannot sell any shares. He promised last week that he wouldn’t anyway and praised the horrific content on the site.
But Wall Street watchers are waiting now to see if Trump will renege, screw his investors and sell off. That could happen at any time.
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Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009, where he covered Michael Jackson, and previously wrote the "Intelligencer" column at New York magazine in the mid-1990s, where he covered the O.J. Simpson trial. He also edited Fame magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.
