‘There is no way’ Trump is guilty of trade inside, the word ‘Wolf of Wall Street’ Jordan Belfort | US News

‘Wolf of Wall Street’ Jordan Belfort told Sky News that there was “impossible” Donald Trump guilty of internship in internal or market manipulation.

The opponent said the President had a question to be answered after he said it was “the right time to buy” – four hours before The stock market soared On Wednesday when he stopped the tariff.

Mr. Belfort tells Gillian Joseph The fact that Trump made a statement on social media means that it was a public, rather than he told some people.

Latest Rates: Trump – ‘Everything will be beautiful in the end’

Talk about World programMr. Belfort said: “I personally do not consider him too suspicious. Especially because he tells everyone at once.

“If he doesn’t say anything and tell five of his best friends, ‘I will ease this tariff situation – you have to buy’, it will be illegal.”

Internal trafficking is when people use non-public information to buy or sell shares and get a profit.

The former stock brokerage was famous for being played by Leonardo DiCaprio in a film about his initial life and recognizing crimes related to stock manipulation.

Belfort said Trump’s post had just repeated what the previous President had said, and that the purchase when the stock price jumped was a famous investment step.

“He has said that so far [to buy]It’s not the only one when he says that, “Belfort said.

“[Treasury] Secretary Bessent also said that. This is a very basic advice. “

The stock market worldwide fell dramatically on Monday due to the start of American tariffs on imports from all over the world.

The world economy was shocked again only two days later when the president said almost all taxes would be detained for 90 days.

The S&P 500 key index jumped by almost 10% – a very large daily increase.

Democratic politicians said Mr. TrumpThe urge to buy increases “big ethical problems”.

Some call for an urgent investigation whether there are families or administrative officials who benefit from dealing in the previous stock market.

The White House said the presidential position only convinced Americans “about their economic security in facing the fear of media without stopping”.

Belfort accused Democratic figures of trying to “get brownie points with their media and parties”.

‘Won’t be beautiful’

Despite the surge in mid -week, turbulence in the stock market appears far from completion – mainly because China and the US remain locked in the rates staring down.

The American index was closed again on Thursday, Nikkei Japan fell about 5% earlier on Friday, and Hong Kong shares headed for their worst week since 2008.

Meanwhile, Gold, is considered an asset “Safe Haven”, has risen to the record price and previously today passed the level of $ 3,200/OZ for the first time.

Belfort told Sky News that while he opposed the tariffs in general, President Trump’s dramatic intervention was needed because the US had a “crazy” trade imbalance and import was far more than exports.

“The United States has been dried from its wealth, dried from its factory,” he said.

“It won’t be beautiful,” added Mr. Belfort. “There will be pain – but the path we faced before is not sustainable. It must change.”

He said he was skeptical because of fears of tariffs that would hit US consumers hard, with some predictions – including popular items such as iPhone – could jump in prices if the cost was reduced.

The former trader said he was sure the company would divert production from China, which was charged more than 100%, to places like India, and the exception would eventually be agreed upon.

He also handed over the thumb Elon MuskThe role of controversial government efficiency that has forced thousands of work to be cut.

Read more:
China is ready for a trade war and Trump doesn’t know what he is doing
Trump has blinked – but not a market that forced him to act

“I like what is being done because of the number of harassment and waste and fraud, it’s really crazy,” Belfort said.

“This is a great thing that happened. Obama talked about doing it, Clinton tried it; this is not a new idea to try to make the government more efficient.”

If Mr Musk leaves or stops in the near future, as reportedly, Belfort said the richest person in the world had installed “some very experienced business people who really care about the country”.