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)
Marine Corps unit busted planning to hold a party at Trump’s Mar-a-Lago resort: report
President Donald Trump is facing yet another corruption scandal after a Marine Corps unit was caught planning to hold a party at the commander-in-chief's Mar-a-Lago resort.
"At a time when taxpayer and foreign-government spending at Trump Organization properties is fueling political battles, a U.S. Marine Corps reserve unit stationed in South Florida hopes to hold an annual ball at a venue that could profit the commander-in-chief," the Miami Herald reported Thursday.
Internet blown away by Giuliani’s ‘pants-sh*tting panic’ freak out on CNN’s Cuomo
Former New York City Mayor Rudy Giuliani received harsh reviews of his Thursday evening appearance on CNN with anchor Chris Cuomo.
Many people worried about Giuliani's mental health after watching the interview.
Here is some of what people were saying about Trump's defense attorney.
Maddow is visibly shocked Trump is claiming in court the president can’t even be investigated
The host of "The Rachel Maddow Show" on MSNBC was flabbergasted by the latest court moves by President Donald Trump as he continues to hide his tax returns from investigators.
The host noted the ongoing legal battle Trump is waging to keep his accounting firm, Mazars, from handing over eight years of his tax returns to New York state investigators.
The host was shocked by the headline on the front-page of The Washington Post website.
[caption id="attachment_1544917" align="aligncenter" width="640"] Headline in The New York Times: "Trump Lawyers Argue He Cannot Be Criminally Investigated" screengrab.[/caption]