Goodyear tumbles 6% after Trump tweets to boycott the company over MAGA hat ban - Business Insider

At 10:33 a.m., Trump, "Don't buy GOODYEAR TIRES - They announced a BAN ON MAGA HATS. Get better tires for far less! ."

One minute later, shares of Ohio-based Goodyear fell to an intraday low of $9.15, representing an intraday decline of 6%. Inside Eagle Investors, the 20,000-member online community run by 2 Indiana University students that's helping spearhead the Gen Z day-trading revolution The tweet from the President seems to be in reaction to an image that was shared on social media earlier this week.

The image is supposedly of a slide presentation at a Goodyear employee training session. The slide outlines that MAGA attire, politically affiliated slogans or material, all lives matter, and blue lives matter are "unacceptable" forms of attire to wear at the work place, while Black lives matter, and LGBTQ attire are "acceptable."Goodyear said the slide in question was not "created or distributed" by Goodyear corporate.

Additionally, the company said it asks associates to "refrain from workplace expressions in support of political campaigning for any candidate or political party, as well as similar forms of advocacy that fall outside the scope of racial justice and equity issues."Get your daily markets analysis with our Markets newsletter. Sign up now.

If elonmusk had tweeted something to boost Tesla stock against Shorts; the SEC would be all over him! Why can the president boicot any company? Should somebody regulate that?

Imagine the number of Trump supporters who may lose income because of this.🤦🏾‍♀️ He cares about nobody but himself. You're hurting businesses in an economy you should be building. Very Christian to preach hate, I suppose.

I wonder who profited off of that tweet?

P Trump is hurting His own People by Doing this claim And he says he loves THE USA.

Buy American. realDonaldTrump do you agree? Evidently not. magasucks

This why stockmarket is horseshit.

🥳😅

Umm should we tell him? goodyeartires VoteBlueToSaveAmerica Vote2020

Kinng_Shitt As it should be. Karma is a bitch

Fascist

Our Great President...

As always, do as I say not as I do. In the real world, company stocks should rise if they were not recommended by the world’s most hated man.

Oh goddamnit. Can we make this illegal? Stop the president from doing this sort of thing?

I need tires and I’ll be buying Goodyear tires.

Truthfully, they’re not good tires 😁

How very presidential. Buy pillows and beans from companies that like me. Don’t buy tires from companies which don’t.

And when they make cuts because they claim they can't afford to pay them, he's gonna hide his hand as usual.

foxnews imagine if President Obama had.... a real and legitimate President.

you don't need Trump to tell you to boycott them. You can read for yourself how they discriminate and do not honor free speech. An issue many people would have, with any company

Trump is great for America and great for the working man!!! 🙄

SHORT 😂😂 $$$$$$$ .... Thank You Good Year

How's that pendulum swang feel?

This is called an abuse of power

Were Trump and his friends short?

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