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Is Trump rigging the markets?
Experts, market watchers and the authorities in Iran have accused the U.S. President of engaging in market manipulation surrounding the Iran war by timing military announcements around market opens and closes. On top of that, there have been questions of possible insider trading in connection to Trump’s moves. Last Monday, a spike of highly suspicious and extremely lucrative oil futures trades and prediction market bets took place minutes before Trump posted about the war winding down. It follows a pattern seen before around tariff policy, and the attack on Venezuela. To parse the accusations of market manipulation and insider trading, we’re joined by Mike Bird, the Wall Street editor at The Economist and co-host of The Economist’s Money Talks podcast. For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts
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