Alabama's Morning News with JT
Erin Real covers Trump stocks
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I even looked at Judy and I said, "There's our next president after Donald Trump right now. That guy is so articulate. Very smart guy from Yale. Former Marine connections to the tech industry out west bringing money in. I mean, this guy can bring it, and he's 39, and I think young voters are finally glad and saying, "Thank God, we finally got somebody that's not in their 90s." So, yeah, I think it was a good pick, and I think he's going to do a great job. And I understand they're trying to work out a debate. Him and Kamala Harris with CBS, I guess, no official word on that yet, but I think he'll just duster in a debate. I think he'll be great at that. We'll see, yeah. I mean, we'll see, and then hopefully we'll get that. Yeah, information should be out soon. I would think in locking that down. But let's talk about how the money is moving, speaking of money. I mean, just great response from donors. Elon Musk coming and pledging $45 million a month from now until the election, and through the process of getting the ballots together, $45 million a month, I mean, that is huge. Of course, the guy's worth $250 billion, wallet money to him. But you look at the market, I mean, the media shares for Trump's company soaring, Bitcoins on fire. I mean, after this assassination attempt, the needle's moving financially. Yeah, absolutely. I mean, the needle is absolutely moving, and I think that what we've seen with DJT Trump media is that it is tethered to Donald Trump, not necessarily the media company, which it's overseen. So Trump media and technology group, that is the name of the parent company that owns Truth Social, it is not performing well. If you look at first quarter earnings, it lost $300 million, and it brought in only $700,000. That's not a company you generally want to invest in. However, many mean stocks do make money. It doesn't mean they're tethered to fundamentals, but it does mean people are enthused about it. Yesterday, we saw Trump media shares up 30% after the assassination attempt, and the volume is what's really interesting. 76 million shares exchange hands. It's 10 times the stock's 30-day average. So what we know is that following the felony conviction, the three weeks after, it plummeted 50%. So if you're looking at this just objectively, it's like, OK, it's tied to Donald Trump, the individual, his wins and losses, not the company as a media and tech company. Yeah, but those who saw stock own stock in Trump's media have seen their wealth soar. Yeah, I mean, yes, and they've seen it plummeted. It depends on which week you're looking at. And I think recently, I'm not discouraging anyone. Right, but his felony conviction was what, six weeks ago? Yeah. So that's pretty recently too, and that was down 50%. And I'm not, listen, I would never give investment advice. I'm a journalist, not an investment advisor. If you have a high-risk tolerance for volatility, this might be for you. If you do not, then it is not. It is that simple. It's OK either way, and there's no right or wrong. It's just what appeals to you as an individual investor. Yeah, well, in the fact that he also had that case thrown out in Mar-a-Lago, big news yesterday, obviously, the thing can be appealed. Jack Smith says, yeah, I'm going to appeal this decision, but the judge threw it out. I mean, that was a huge win for him down there. And then it was a good one. Yeah. Sorry, I didn't mean to interrupt you. I was agreeing and just saying like, but I think again, this illustrates the wins, whether they be in Trump's personal or professional life as a politician, are much more associated and correlated to this stock's performance than the company in which it represents. All right, the value of Bitcoin also jumping up as the market saw the increase. Yes, indeed. So Bitcoin trading up 6%, it's like floating just below 63,000. That's what it closed out yesterday. So what we know is that Trump has yet to really put any detailed proposals regarding his regulation of the cryptocurrency industry, but he seems to be pretty supportive of the sector. He had the endorsement of the Winklevi Brothers. He's speaking at a major annual Bitcoin conference later this month. And we know that his campaign began accepting donations from the crypto industry in May. So the messaging behind crypto is one of, hey, we're open to it. Let's move forward, which is in direct contrast to Senator Elizabeth Warren and other Democrats who have really been in favor of reigning in the sector. So Bitcoin took a bump on the expectation that a Trump presidency is more likely. Absolutely. All right, Aaron, thank you for the input. Hello, it is Ryan. And we could all use an extra bright spot in our day, couldn't we? 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