Billionaire Trump BFF Unloaded Millions in Steel-Related Companies Right Before Tariffs Announced: Report
Billionaire Carl Icahn’s name is synonymous with the excesses of the ’80’s, when he was dubbed a “corporate raider” – and a “vulture capitalist.” Many were surprised to see President Trump name him as Special Advisor to the President on Regulatory Reform last year. Some suggested his actions while in the White House seemed to be designed to feather his own nest. Last August Icahn resigned from the Trump administration just before a negative article in The New Yorker was published that asked: “Was President Trump’s richest adviser focussed on helping the country—or his own bottom line?”
The Trump BFF is back in the news Friday after a ThinkProgress article accuses Icahn of dumping “millions in steel-related stock last week, days before tariff announcement.”
President Trump on Thursday announced hefty tariffs on steel and aluminum imports. That announcement caused the market to plunge over 500 points during the day, before closing down over 400 points. The markets today continue to plummet – the DOW is now down 320 points.
Icahn, ThinkProgress reports, “dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.”
In a little-noticed SEC filing submitted on February 22, 2018, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc Company Inc. Manitowoc is a “is a leading global manufacturer of cranes and lifting solutions” and, therefore, heavily dependent on steel to make its products.
Manitowoc’s stock is down more than 11 percent since Thursday’s open.
“In an interview on CNBC on Thursday, Icahn appeared to acknowledge at least occasional ongoing conversations with Trump, saying the two had not had ‘much‘ interaction in the last four to five months.”
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Conor Lamb Apparent Winner of Pennsylvania US House Special Election
Democrat Conor Lamb has been declared the apparent winner in the special election for Pennsylvania’s conservative 18th congressional district to replace Republican Rep. Tim Murphy. Lamb beat Trump-endorsed Republican Rick Saccone, a far right wing Christian extremist, who is a state representative.
The vote was so close it had to be decided by absentee ballots. The final tallies have yet to be declared, but networks including MSNBC and CNBC have called it for Lamb.
Trump won the district barely more than a year ago by nearly 20 points. Lamb was recently projected to win, and was up about six points in the final polls.
The president, the Vice President, and the president’s eldest son all endorsed and campaigned in Pennsylvania for Saccone.
“Outside GOP groups have spent $10.7 million supporting Rick Saccone,” Axios on Tuesday reported.
Lamb is a former Assistant U.S. Attorney and a former Marine.
Saccone, already down in the polls, made news late Monday night when he told supporters at a rally that Democrats hate God, America, and Donald Trump.
Lamb supports ObamaCare and a woman’s right to choose (although he personally is against abortion, but says a right is a right.) He has called for stronger background checks but no new gun control laws.
Former Rep. Tim Murphy resigned after it was revealed he had urged his mistress to get an abortion. Murphy is a “pro-life” “family values” Republican.
“I don’t think there’s any way around the fact that this [PA-18] election is all about President Trump.” https://t.co/FLYaGp7mCT pic.twitter.com/LOK0vPlI6b
— CBS News (@CBSNews) March 14, 2018
Last month The Washington Post reported “Republican-allied groups have dramatically outspent their Democratic rivals 17-to-1 in the first congressional race of 2018, a special election in Pennsylvania that both parties have cast as a potential bellwether for the November midterms.”
This is the second major special election in a row in which the Democrat won a seat previously held by a Republican. Many political analysts believe these results reflect how even GOP voters feel about President Trump.
Image via Facebook
Putin: I Have a New ‘Invincible’ Nuclear Missile
President Vladimir Putin says Russia has developed a new “invincible” nuclear missile that can “reach anywhere in the world,” according to the BBC.
Claiming the U.S. missile shield that covers Europe and Asia can not stop the new warhead, Putin described it as “a low-flying, difficult-to-spot cruise missile with a nuclear payload with a practically unlimited range and an unpredictable flight path, which can bypass lines of interception and is invincible in the face of all existing and future systems of both missile defence and air defence.”
The Russian Federation leader made his remarks in a campaign speech 17 days before an election which he will win. He faces seven challengers, and his main opponent, Alexei Navalny, was declared ineligible to run.
Putin told the Russian Parliament the West has nothing comparable to this new nuclear missile, and he had it developed “in response to the U.S. withdrawal from a Cold war-era treaty banning missile defenses and U.S. efforts to develop a missile defense system,” CBS News adds.
“No one has listened to us,” Putin, complaining about the U.S., told Russian lawmakers. “You listen to us now.”
After Calling Kelly ‘General Jackass’ Scaramucci Fears Retaliation From Trump’s Chief of Staff
Anthony Scaramucci, the man who holds the title for shortest stint as White House Communications Director, is inserting himself into the latest drama at the Trump White House by blasting General John Kelly – the man who fired him. Now he is worrying his reckless behavior will have financial implications.
After discussing the resignation of Hope Hicks and telling CNN Thursday morning there is a “culture of fear” inside the Trump White House, warning morale under John Kelly is “terrible,” Scaramucci spoke with Bloomberg News to continue his war against the Chief of Staff.
“Does the president want to lose everyone because of General Jackass?” Scaramucci asked Bloomberg’s Jennifer Jacobs.
“Scarmucci denied he was backstabbing Kelly — and he told Jacobs that he was proudly ‘front-stabbing’ him,” as Raw Story reports.
But Scaramucci apparently is having second thoughts about just how wise it was to tangle with the retired general.
“Scaramucci says he now fears Kelly will thwart his bid to sell his stake in SkyBridge Capital to China’s HNA Group Co,” Jacobs reports at Bloomberg. “The sale has been stuck at the Committee on Foreign Investment in the U.S., which reviews foreign acquisitions of domestic businesses for security risks.”
“Let’s see what he says about that,” Scaramucci told her. “That’ll be the next food fight.
Scaramucci served 11 days (at most) in Trump’s White House. Kelly fired him after Scaramucci launched into an on-the-record vulgar tirade with a reporter, calling then-Chief of Staff Reince Priebus “a fucking paranoid schizophrenic, a paranoiac.” Scaramucci also falsely accused Priebus of a “felony” – the leaking of his financial disclosure form (which is publicly available).
He also infamously told the reporter, Ryan Lizza, “I’m not Steve Bannon, I’m not trying to suck my own c*ck.”
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