Just in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump.
Keeping one eye on the U.S. President-elect’s personal Twitter feed has become a regular pastime for the fund managers and traders who invest billions of dollars daily on world stock, currency and commodity markets.
Trump knocked several billion off the value of pharmaceutical stocks a week ago by saying they were “getting away with murder” with their prices. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin
That plays to the growing group of technology startups that use computing power to process millions of messages posted online every day and generate early warnings on when shares are likely to move.
(For a graphic on companies affected by a Trump tweet, click http://fingfx.thomsonreuters.com/gfx/rngs/USA-TRUMP-COMPANIES/010031832S5/index.html)
Trading.co.uk chief Gareth Mann said the Trump signal generator used artificial intelligence technology to differentiate between tweets or other messages that, for example, just mention Boeing and those liable to move markets.
“It is impact analysis,” he said. “We can let you know when Trump tweets. We can let you know when he mentions a particular stock, or when he mentions a stock and a country. But if he just says he’s riding on a Boeing 747 the system will do nothing.”
(Writing by Patrick Graham; Editing by Mark Potter)
Republican lawmakers ask judge to destroy smoking gun documents proving GOP’s white supremacy
Republicans on Monday sought a court order to block damning documents from being used against them in a lawsuit.
"North Carolina Republican lawmakers on Monday asked a court to make sure the files of the now-deceased GOP strategist Tom Hofeller are destroyed, or at least kept secret, instead of being used in a high-profile gerrymandering lawsuit," the Raleigh News & Observer reported.
"The filing comes after the groups behind the lawsuit, including Common Cause, accused Republican lawmakers of making false statements in court in a previous gerrymandering case, when the state’s 2011 maps were ruled unconstitutional," the newspaper noted. "That blockbuster accusation made national headlines and was, it said, based on Hofeller’s files which had been secret until recently."
Maddow slams Trump’s era of government officials ‘saving the country from the commander-in-chief’ with leaks
Rachel Maddow on Monday worried about the pattern of government officials leaking to the press to stop President Donald Trump from sabotaging United States' interests to help Russia.
The MSNBC anchor broke down the key questions raised by the bombshell New York Times report that officials were keeping secrets from Trump to protect U.S. interests.
Maddow reminded of a June 2017 story by Michael Isikoff.
Trump angrily demands newspaper reveal unnamed sources behind bombshell report on his Russia policy
President Donald Trump on Monday evening again lashed out at The New York Times for reporting on his Russia policy.
"The story in The New York Times about the U.S. escalating attacks on Russia’s power grid is fake news, and the failing New York Times knows it," Trump argued in a tweet sent after 10 p.m.
"They should immediately release their sources which, if they exist at all, which I doubt, are phony," he continued.
"Times must be held fully accountable," he demanded.