Dave Portnoy estimates he lost $20 million after Trump’s tariff fuel stock market “Bloodbath.”
As a presidentDonald Trump’sSome thought leaders and influential podcasters who supported the Republican campaign are involved in the global market.
Bar Stool Sports OwnerDave Portnoyhedge fund managerBill AckmanAnd moreElon MuskAdding many voicesCongressional RepublicansThe person who weighed against the customs set to take effect on Wednesday.
Here’s a look at some of what they said:
Dave Portnoy
“Welcome to Orange Monday,” Portonoi said in a financial live stream of “Davy Day Traders” just before the market opened this week that he had “no political agenda” in his commentary other than making money.
After the market plunged last week, Portnoy said he lost $7 million in stocks and crypto.
However, Portnoy said he plans to stick to Trump, which he calls “a clever man.”
“I think they’re smarter than me when it comes to these tariffs. I think he’s playing high stakes games here,” Portnoy said last week in his livestream. “I’m going to roll with him for a few days or weeks. How will this ring out?”
Founded in 2003 by Portnoy as a free sports and gambling newspaper, Barstool has grown into a digital platform covering sports, lifestyle and entertainment, with hundreds of millions of followers. Portnoy has been a loyal Trump supporter since his first support in 2016, and interviewed the president at the White House in 2020.
Joe Logan
Logan, one of the nation’s most influential podcasters who supported Trump on the eve of last year’s election, lamented the fact that Trump’s feud with Canada was “silly” and that Canadians “around tariffs” during a professional sporting event featuring teams from both countries.
Logan recently broke with Trump in other regions.Wide exilereferring to recent tactics to detain immigrants as “terrifying.”
A few weeks before Election Day, Logan tapes it up.Almost 3 hours of podcast interviewIn Trump, it’s an opportunity for Republican candidates to highlight the hypermasculine tone that defined the majority of 2024 White House bids.
Bill Ackman
Pro Trump Hedge Fund manager warned on Sunday x Unless Trump takes a more intentional approach, “We are heading towards a self-induced economic nuclear winter.”
In another post, Ackman attacked late on SundayCommerce Secretary Howard Lutnick“Indifferent to the stock market and the economy crash.” The next day, Ackman apologised for criticism, claiming that Lutnick, formerly head of financial company Cantor Fitzgerald, could benefit from tariffs for bond investments.
However, the hedge fund manager also reiterated his concerns about Trump’s tariffs.
“I am frustrated to see what I believe is a major policy error after our country and the president have made great economic advances that are currently at risk due to tariffs,” he writes to X.
Elon Musk
Even Trump’s top billionaire advisers of federal overhauls have said he is skeptical of tariffs. Teslahis electric car maker.
“I hope that both Europe and the US will, in my view, have moved to an ideal zero-duty situation and effectively agree to create a free trade zone between Europe and North America,” Musk said.Video meeting with Italian politicians.
Above Fox News’ “Sunday Morning Futures” and White House trade adviser Peter Navarro said Musk “doesn’t understand” the situation.
Musk fought back on Tuesday, calling Navarro “really stupid” and “more stupid than a brick bag.”
This story was originally introduced Fortune.com