Trump ambassadors sold stocks as president downplayed pandemic and virus was spreading

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Several ambassadors chosen by President Donald Trump shed assets amid warning signs that the coronavirus was rapidly spreading across the world.

and is currently the U.S. ambassador to Morocco, sold from close to $380,000 to up to just over $2 million in stocks between January and February, according to his financial disclosure report. The Office of Government Ethics asks government officials to give a range in value of how much federal employees are making from either buying or selling assets.

in April that they plan to "study intranasal vazegepant, a third generation, high affinity, selective and structurally unique, small molecule CGRP receptor antagonist, in pulmonary complications of COVID-19 disease." Kenneth George, the U.S. ambassador to Uruguay, went on a stock buying and selling spree in January and February. Of the notable transactions, George invested between $5,000 and $75,000 in RedHill Biopharma. In May, the companyIn March, George also bought and sold shares of Inovio Pharmaceuticals, a biotechnology company that recently started clinical trials for aMcCourt, the U.S. ambassador to France, sold her shares on Jan. 17 in what's described on her financial disclosure as the "A.

 

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My friends is Italy warned me what was coming long before the markets fell. COVID19

Yeah that's normal 🙄

I don’t think this is insiders trading. The ambassadors would have found out about what was coming to USA because of Coronavirus news widely circulated abroad.

I don’t blame them. Many folks shed their holdings during the early months

No evidence of anything inappropriate here. Lots of public information available in January and February that caused lots of investors (individuals and institutions) to sell. In fact, there were far more sellers than buyers through March 18, which is why the market fell.

They knew what was coming. They didn’t need insider trading to see what was going to happen with this administration.

LOL, but the stock market continues to roar !!

There are sooooo many legitimate reason to criticize and condemn this admin, why bother making things up and forcing even non-supporters to defend it. No wrongs were committed here, shouldn't even be covered.

THEN THEY MISSED OUT ON AN AMAZING COMEBACK!!

They were stupid. Like the rest of us they should have been buying up as much of the sold off share as they could get. Up 30% since those fools sold.

More likely sold due to media hysteria. Hopefully they were smart enough to buy back in after sanity returned

Omg, what are they thinking? Making money from the stock market? What a bunch of criminals. Stop implying that there were crimes committed you bunch libfucktards.

It's coming back. I moved mine into bonds but have the same percentage back in stocks now as before. I believe in America and Trump. Now do an article on how many ambassadors didn't shed their stock holdings, you know, just to be unbiased.. 😂😂😂

And several congressmen as well how convenient that gets omitted right?

Most people did

Lock them up!

They lost money?

well, at least they knew he would F things up

They weren't stupid. Can't blame them.

People with insider info selling off?!?!?!? That'd never happen......

CNBC you are so pathetic 😂

sns_trader Sounds like the ambassadors were not stupid and could see it for what it was, maybe because they weren't inside the USA bubble.

LiveSquawk And they lost out a lot of money....fooking idiots.

Conclusion: Trump has intelligent ambassadors.

Looking back, that was stupid.

If they sold their stocks, they did nothing illegal. What they do with their stock holdings is a private matter.

FakeNews conflating unconnected events to push political agenda

How do you know?

Their source sites the source buying blue chip stocks like Apple and amazon. This is astonishing. What an mastermind

Trump was the only one stopping flights from China. Pelosi was telling everyone to party in China town. Fake News CNBC!

LiveSquawk I did too. No insider information. Everyone was downplaying the outbreak in the beginning. If you paid attention to what was happening and not what the news and elected officials were saying you were pretty set.

If they are found to have used non public information, throw them in jail.

After Éric trump , now ambassadors, so all the administration put pression on the FED to invest and make Money in the market. Its called insider trading no? sec

Past govts allowed employers to suppress wages time we set wages by job class bands in law and tax wealth centers like stock trading consumer sales NOT individuals

How did these ambassadors get to know more about this disease and the extent of its ability to cause DAMAGE to the HUMAN RACE even before the WHO?

And bet his family did too

Some ambassadors sold stock? Democrats were actively calling POTUS a racist. It must be the ambassadors were reacting to the left being always wrong. tt:PressSec

therealcpeace

Ahh duh lol what’s the problem

So did I. I could see what was happening. Btw I have zero insider information.

So they underestimated the Fed

Was that smart?

Now they chase it back up lol

So they lost money?

quote from the pig - ' This is great news, but even better news is that death, and the death rate, is DOWN' 128,024 DEAD 725 DIED yesterday and the pig is bragging and celebrating these numbers WTF, he is fuking INSANE

It is common sense. I sold my portfolio at the end of January because I know something big coming. I bought a ton of jnj and msft when market tank. You dont have to be rocket scientist you just slow.

Trump Did he downplay it? Have you forgotten about Democrats Did he downplay it? Have you forgotten democe their announcements about the 'pandemia' ⬇️

CNBS FAKENEWS

Trump, Ivanka and Jared didn't care about Americans to do the right thing from the start of the coronavirus covid-19 pandemic...

the ponzi will collapse. just a matter of time.

He didn't tell them that the FED would print Trillions to pump markets to prevent the collapse of the retirement fund Ponzi scheme which would bring protests like crazy by defrauded workers.

Throw all the ambassadors in jail if they truly traded on non public info.

Idiots! Stock market is booming 😂

TheyAreTheSwamp

So did I

President is Trump not that Trump is president. And it would be staying that way in 2020 re-elections. Congratulations to the President who will be Trump.

Fucking a. People can buy and sell stocks whenever the hell they want to

I sold and bought stocks this whole time. What's the point?

But did they get back in at the bottom?

I sold stocks too. You don't need any insider info to know what a PANDEMIC will do.

SenFeinstein also right?

Hey look. Trump runs a country just like Putin. Protect the Oligarchs Donald!

So what, didn’t everyone bail?

Davidlaz Grifters gonna grift.

Crooks. All of them. Especially this orange clown

They are American ambassadors not trump ambassadors. Stop spreading hatred

Corruption and nepotism are lucrative as usual..

Throw em in jail

Trump is the Enron of presidents.

Incorrectly sold stocks, wonder why u didnt include that?

So they lost money?

I don't think that worked out to well for them.

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