Boeing stocks tumbled Tuesday after president-elect Donald Trump tweeted about canceling a $4bn order for a new Air Force One. But it was a typical Trumpism: the number is plucked out of nowhere, and Boeing was forced to publicize the fact it's only got the U.S. Government on the hook for $170m.
https://twitter.com/realDonaldTrump/status/806134244384899072
“The plane is totally out of control. It’s going to be over $4 billion for Air Force One program and I think it’s ridiculous," he said. "I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money.”The president-elect's most recent financial disclosure form, filed in May and detailing his 2015 holdings, showed that the Manhattan billionaire owned between $50,001 and $100,000 worth of stock in Boeing, a purchase he announced on Twitter in 2013. Jason Miller, a spokesman for Trump, said Tuesday morning that Trump sold all of his stocks last June.
Miller added that the exact details of Trump's desire to cancel the Boeing order would be dealt with after he is inaugurated next month.
Boeing's stocks rebounded later in the morning as it became apparent Trump was saying untrue things.
(He doesn't want to fly on it. Same as not wanting to live in the White House.)
