Stocks Struggle After Pop, ‘FAIRNESS!’, Cracking down on Facebook & Twitter
Carl Quintanilla, Jim Cramer and David Faber break down the swift move downward for stocks as they struggle after popping at the open. The President preparing to sign an executive order aimed at cracking down on social media giants Facebook and Twitter. The order would push the FCC to tighten its oversight of online publishers and clarify regulations under Section 230 of the Communications Decency Act. The backlash comes just days after Twitter began fact-checking some of the President’s tweets. This morning President Trump tweeting, “a Big Day for Social Media and FAIRNESS!” Plus, Cramer’s take on the retailers reporting results. Both Dollar General & Dollar Tree beating the street and benefiting from the change in consumer behavior during the pandemic.
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