Tags: Trump Administration | trump. stock market | dow | russia | hoax

Trump Touts Stock Market; Calls Russia Story 'A Hoax'

Image: Trump Touts Stock Market; Calls Russia Story 'A Hoax'
(AP)

By    |   Saturday, 15 Jul 2017 02:07 PM

President Donald Trump Saturday announced through Twitter that the stock market is at an all time high — "despite the Russian hoax story" — and that job numbers are looking good.

His comment came after a Dow Jones story on Saturday, reported through Fox Business News, that noted Wall Street analysts' forecasts are projecting earnings of near double digits, which would put the second quarter reports at among the best place since the fourth quarter of 2011.

He later tweeted this after arriving at the U.S. Women’s Open golf tournament in New Jersey:

According to John Butters, senior analyst at FactSet, earnings per share were projected to climb by 6.5 in the quarter of April-June, but said the actual increase could go above 9 percent.

Karyn Cavanaugh, a senior market strategist at Voya Financial, who predicted earnings growth of 6 percent to 7 percent, was also optimistic about the second quarter results.

"The canary in the coal mine is earnings and the canary is singing a very sweet song right now," said Cavanaugh.

On Friday, stocks rose, with the S&P 500 and the Dow closing at record highs, and the Nasdaq finished within 10 points of its all-time high close.

The other part of Trump's first tweet, about the "Russian hoax story" came as further details emerge about a meeting arranged last June between his son, Donald Trump Jr. and Russian attorney Natalia Veselnitskaya, through promises she had negative information to share about then-Democratic presidential candidate Hillary Clinton.

On Saturday, CNN reported  the meeting held at Trump Tower with Donald Trump Jr., Jared Kushner and Paul Manafort included at least eight people, not four, as had initially been reported.

The Associated Press reported Friday that a Russian-American lobbyist named Rinat Akhmetshin said he also attended the June 2016 meeting with Trump Jr., after NBC News reported that another, unnamed person who had been connected in the past with Russian counterintelligence, was in the room.

According to CNN, Trump Jr., Trump son-in-law Jared Kushner, campaign manager Paul Manafort, Veselnitskaya, Akhmetshin and publicist Rob Goldstone, who had helped set up the meeting between Trump and the attorney, have been confirmed to have been in the meeting.

A source close to the story said there were at least two other people in the room as well, a translator and person representing a Russian family who had asked Goldstone to set up the meeting. No additional names have been provided.

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President Donald Trump Saturday announced through Twitter that the stock market is at an all time high - "despite the Russian hoax story" - and that job numbers are looking good.Stock Market hit another all-time high yesterday - despite the Russian hoax story!
trump. stock market, dow, russia, hoax
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2017-07-15
Saturday, 15 Jul 2017 02:07 PM
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