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. SHUTDOWN AVERTED, EMERGENCY DECLARED: After the White House confirmed on Thursday that President Trump will sign a spending bill to avert a government shutdown while declaring a national emergency in an attempt to build his proposed border wall, House Speaker Nancy Pelosi said she "may" file a legal challenge to any emergency declaration and will review her options. Lawmakers and the White House will be avoiding their second partial shutdown since December, but the emergency declaration could quickly spark lawsuits challenging Trump's authority. Trump, speaking from the White House on Friday, alluded to the lawsuits that he expects to follow his emergency declaration, stating, "Sadly, we'll be sued and sadly it will go through a process and happily we'll win, I think."
2. U.S.-CHINA TRADE TALKS: Trump, during the same announcement from the Rose Garden on Friday, stated that trade talks with China are going "very well," adding that Chinese representatives will be coming to the U.S. in the coming week for additional talks and he plans to meet with Chinese President Xi at "some point after that." Meanwhile, Lingling Wei of the Wall Street Journal reported earlier in the week that amid a deadlock on a number of different issues, China is looking to loosen negotiations with "promises of big purchases of semiconductors and other U.S. goods." Publicly traded companies in the chipmaking space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
3. TWITTER: When asked by Recode's Kara Swisher if he would consider suspending the account of President Trump, Twitter (TWTR) CEO Jack Dorsey said he holds "all accounts to the same terms of service." "The most controversial aspect of our TOS is the newsworthy/public interest clause, the 'protection' you mention," Dorsey said. "That doesn't extend to all public figures by default, but does speak to global leaders and seeing how they think." In response to a follow-up about whether Twitter's business and engagement would suffer when Trump is no longer president, the Twitter CEO said he does not believe that the service or business of Twitter is dependent on any single account or person. "I will say the number of politics conversations has significantly increased because of it, but that's just one experience on Twitter," he said. "There are multiple Twitters, all based on who you follow."
"Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.