Jim Cramer Freezes for 10 Seconds as Co-Host Cites Trump's $220 Million Stock Trades
Updated
Updated · HuffPost · May 18
Jim Cramer Freezes for 10 Seconds as Co-Host Cites Trump's $220 Million Stock Trades
7 articles · Updated · HuffPost · May 18
10 seconds of on-air silence hit CNBC's "Squawk on the Street" after Carl Quintanilla said filings showed President Donald Trump traded Intel stock during the first quarter.
The remark interrupted a discussion of Intel, in which Cramer had suggested the government could sell some of its shares after taking a 10% stake in the chipmaker last August.
David Faber and Quintanilla teased Cramer's stammer before Faber cut to break, telling viewers they were not having technical difficulties.
At least $220 million in transactions tied to major U.S. companies were disclosed by Trump last week, adding to scrutiny after reports he bought shares in companies he later promoted or helped.
Where is the ethical line when a president trades stocks in companies their administration directly impacts?
How can public trust survive when a president's personal investments and official policies are intertwined?