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Donald Trump personally profited from missile-maker Raytheon’s stock jump after his Syria attack

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HERSHEY, PA - DECEMBER 15, 2016: President-Elect Donald Trump speaks of his relief to have won the state of Texas on Election night during his speech at the "Thank You Tour" rally at the Giant Center (Shutterstock).

While the world is dealing with both the implications and the fall-out from President Donald Trump’s missile attack on a Syrian airfield on Thursday, the manufacturer of the Tomahawk missile used in the attack is seeing their stock surge which is good news for their investors — including the president.

As noted by the Palmer Report, Trump owns stock in Raytheon, which was reported by Business Insider in 2015.

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According  to Trump’s financial disclosure reports filed with the FEC in 2015, his stock portfolio includes investments in  technology firms, financial institutions and defense firms, including Raytheon.

On Thursday, Trump launched an attack on the al-Shayrat military airfield, used by both Syrian and Russian military forces, hitting it with 59 Tomahawk missiles manufactured by Raytheon. Trump’s attack on Syria was reportedly in response to a deadly gas attack launched by Syrian President Bashar al-Assad against his own people earlier in the week.

While the Tomahawk attack did little damage to the airfield — with the Syrian air force  continuing to launch assaults from the same base on Friday — investors, sensing an increasing escalation in tensions between two countries and the possibility of war , pushed Raytheon stock up.

Since taking office, Trump has refused to divulge all of his financial information — including his income taxes — and refused to place his business and financial holdings in a blind trust allowing Trump and his family to move money and investments around as they see fit.

 


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WATCH: Shep Smith ends his show with a passionate plea to ‘follow the Fauci’ as COVID-19 surges

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CNBC host Shepard Smith, a former veteran newsman at Fox News, on Friday begged Americans to follow guidance from Anthony Fauci to prevent the spread of COVID-19

“Those of us in New York and the Northeast are worried about you, our friends, our loved ones and our viewers across the country, now more than ever really,” Smith said. “This new COVID surge is awful. So, follow the Fauci. Not for us, we are mostly good around here, we are worried for you. So please, follow the Fauci," he said.

New York was hit hard during the initial stages of the novel coronavirus outbreak in the United States. "We lived the horror of neighbors and friends sick and dying," Smith said.

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Trump gets schooled by a historian for comparing his achievements to Abraham Lincoln’s

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During the final presidential debate on Thursday, President Donald Trump boasted that he had done more for Black Americans than any president since Abraham Lincoln. On Friday, historian Doris Kearns Goodwin appeared on CNN and blasted Trump for his remark.

“The most important thing in a time of crisis is for a president to be willing it take responsibility. One of FDR’s aides once said when things are going on right, people don't have to think a lot about the character demanded by the presidency. He can just stay in that old picture frame,” she told CNN host Chris Cuomo.

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2020 Election

Trump argues Biden is the candidate of ‘needless death’ — on the ‘worst day of the pandemic’

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President Donald Trump attempted to brand former Vice President Joe Biden as the candidate of "needless death" during a Friday night campaign rally in Pensacola, Florida.

"Biden is the candidate of endless wars and needless deaths," Trump argued, as coronavirus fatalities continue to mount.

"The United States is in the midst of one of the most severe surges of the coronavirus to date, with more new cases reported across the country on Friday than on any other single day since the pandemic began," The New York Times reported Friday.

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