Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:
1. CNN WINS SUIT AGAINST WHITE HOUSE: On Tuesday, CNN announced that the AT&T (T) unit filed a lawsuit against President Trump and his top aides over Jim Acosta's revoked press credentials. The journalist’s press pass was revoked last week just hours after he was part of a tense standoff with Trump during a press conference. The White House accused Acosta of “inappropriate behavior” after an intern tried to grab a microphone out of his hand. Meanwhile, thirteen media organizations, including the Associated Press, Bloomberg, Fox News (FOX) and the Washington Post (AMZN), issued a joint statement in support of CNN's lawsuit against the Trump administration, according to a report by the Hill. On Friday, a federal judge ruled the White House must restore access to CNN's Acosta.
2. CHINA TRADE TALKS: The U.S. and China have intensified efforts to strike a truce at the G20 that would curb their trade war, according to the Financial Times. Negotiators stepped up efforts after President Trump and his Chinese counterpart Xi Jinping spoke on the phone earlier this month and agreed to discuss trade when they meet on the G20 sidelines, the publication added. This follows a report on Wednesday, saying China has sent a written response to U.S. demands for wide-ranging trade reforms, a move that could jumpstart negotiations to bring an end to a trade war between the two economies. Trump is expected to meet with Chinese President Xi Jinping at the G20 summit in Argentina later this month and in early December.
3. COMCAST: The American Cable Association, or ACA, a lobby group for more than 700 smaller TV and broadband companies, sent a letter to the Department of Justice asking for an investigation into Comcast (CMCSA; CMCSK) over alleged antitrust violations. Comcast’s smaller rivals in the cable industry claim the company uses its ownership of TV programming to harm competitors. Using his Twitter account, President Trump retweeted on Monday ACA's concerns. "American Cable Association has big problems with Comcast. They say that Comcast routinely violates Antitrust Laws,” the tweet read in part.
4. AUTO TARIFFS: According to Business Insider, President Trump is once again thinking about imposing auto tariffs and is expected to meet with advisors to discuss the matter. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
5. NEW YORK TIMES: Calling a recently published New York Times (NYT) story on North Korea missile bases “inaccurate,” President Trump tweeted on Tuesday that, "We fully know about the sites being discussed, nothing new - and nothing happening out of the normal. Just more Fake News. I will be the first to let you know if things go bad!" Later in the day, NYTimes said in a tweet that it "stands by our story, which is based on satellite imagery analyzed by experts [...] The story notes, "the satellite images suggest that the North has been engaged in a great deception: It has offered to dismantle a major launching site - a step it began, then halted - while continuing to make improvements at more than a dozen others."