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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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2020 Election

Montana residents furious with Trump Jr. girlfriend Kimberly Guilfoyle for exposing them to COVID: report

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According to a report from the DailyBeast, locals and Donald Trump donors in Montana are furious with Kimberly Guilfoyle, who does double duty as a Trump 2020 campaign official while dating the president's son Don Jr., because she likely exposed them to COVID-19 during a donors' retreat.

The report notes that the retreat, which also featured fly fishing, was held in July before the president visited the state for a July 4th rally at Mt. Rushmore, and that attendees only found out that Guilfoyle tested positive for the deadly coronavirus the day after she left.

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Donald Trump intends to weaponize the Supreme Court against ordinary Americans — here’s how

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As a union griever, Jason Haynes fought constant battles against employers ever ready to cheat workers out of overtime pay and other hard-earned benefits.

He's also seen firsthand how greedy corporations and their Republican cronies relentlessly erode labor protections at the state and national levels, making it increasingly difficult not only for Americans to organize but for union members to exercise long-held rights.

Now, Haynes fears the addition of anti-worker Judge Amy Coney Barrett to the right-wing-dominated Supreme Court will help the rich tighten their stranglehold on working people.

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2020 Election

Trump is struggling in a critical Pennsylvania county that helped him win in 2016: report

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On Saturday, Politico profiled Luzerne County, Pennsylvania — a place that voted for Obama twice before backing President Donald Trump and giving him nearly half of his margin in the state in 2016.

While Trump is still likely to carry the county again, there are trouble signs that he will not win it by nearly as much as he did four years ago.

"Despite the GOP’s triumphs in recent years, there are a few reasons to believe Biden could be competitive. Democratic Gov. Tom Wolf won Luzerne County by almost 5 percentage points in 2018. Recent New York Times/Siena surveys found that Trump is underperforming in northeastern Pennsylvania relative to 2016," reported Holly Otterbein. "Multiple surveys have also shown that Trump is winning white working-class voters by a smaller margin than he did in 2016, both nationwide and in Pennsylvania. And the Democratic Congressional Campaign Committee has pulled its ad bookings in the market where Democratic Rep. Matt Cartwright, who represents parts of Luzerne County and whose district voted for Trump in 2016, is running for reelection — a 'big sign of confidence in Cartwright's chances,' said Brendan Welch, communications director for Pennsylvania’s Democratic Party."

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