• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • FOX 40
    • Meet Our Team
      • Our Journalists
      • Sales & Programming
    • Red Cross: Get Help
  • Keeping It Real
  • Contest
    • The Super FOX 40 Giveaway
  • Programming
    • FOX 40 TV Guide
    • WHAT’S ON FOX
    • WATCH STREAMING NEWS NOW
    • FOX 40 Weekly Sports Lineup
    • CHURCH PROGRAMMING AND DIRECTORY
  • About WDBD
    • Contact Us
    • Job Listings
  • Advertise With Us
  • MS Help Wanted
WDBD FOX 40 Jackson MS Local News, Weather and Sports

WDBD FOX 40 Jackson MS Local News, Weather and Sports

WDBD Television for Jackson, MS

  • Local News
  • National
  • Sports
  • Weather
  • The Super FOX 40 Giveaway
  • FOX 40 Weekly Sports Lineup
  • More…
    • Lifestyle
      • Realizing DPP
    • Politics
    • Health
    • red cross
    • Science
    • Entertainment
      • Technology
      • What’s on TV?

Dianne Feinstein, 3 Senate colleagues sold off stocks before coronavirus crash: reports

Sen. Dianne Feinstein of California and three of her Senate colleagues sold off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.

The data is listed on a U.S. Senate website containing financial disclosures from Senate members.

Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.

SENS. RICHARD BURR, KELLY LOEFFLER SOLD MILLIONS IN STOCK BEFORE CORONAVIRUS CRIPPLED MARKETS, REPORTS FIND

When questioned by the newspaper, a spokesman for the Democrat from San Francisco said Feinstein wasn’t directly involved in the sale.

“All of Senator Feinstein’s assets are in a blind trust,” the spokesman, Tom Mentzer, told the Times. “She has no involvement in her husband’s financial decisions.”

“All of Senator Feinstein’s assets are in a blind trust. She has no involvement in her husband’s financial decisions.”

— Tom Mentzer, Feinstein spokesman

Sen. Dianne Feinstein, D-Calif., is seen in an undated photo. (Associated Press)

Reports identified the three other senators as Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all Republicans.

Burr, chairman of the Senate Intelligence Committee, used more than 30 transactions to dump between $628,000 and $1.72 million on Feb. 13, according to ProPublica.

The report said the transactions involved a significant percentage of the senator’s holdings and took place about a week before the impact of the virus outbreak sent stock prices plunging to the point where gains made during President Trump’s term in office were largely erased.

“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak,” a Burr spokesperson said. “As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”

Burr was an author of the Pandemic and All-Hazards Preparedness Act, a law that helps determine the federal response to situations such as the coronavirus outbreak, ProPublica reported. Burr’s office would not comment on what kind of information Burr might have received about coronavirus prior to his stock sales, the outlet reported.

NPR reported that Burr made more ominous comments about coronavirus behind closed doors last month.

“There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,” Burr said at a Feb. 27 meeting of business leaders in Washington. “It is probably more akin to the 1918 pandemic.”

Loeffler was appointed to the Senate in December by Georgia Gov. Brian Kemp after incumbent Sen. Johnny Isakson resigned because of health issues – despite allies of President Trump having urged Kemp to select Rep. Doug Collins instead.

Loeffler and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, sold stock Jan. 24, the same day she sat in on a briefing from two members of Trump’s Coronavirus Task Force, The Daily Beast reported.

CLICK HERE FOR COMPLETE CORONAVIRUS COVERAGE

Between that day and Feb. 14, the couple sold stock worth a total between $1.2 million and $3.1 million, the report said. In addition to the sales, they also purchased stock in a maker of software that helps people work at home – just before millions of Americans were forced to leave their offices because of the outbreak, the report said.

Loeffler slammed the Daily Beast report as a “ridiculous and baseless attack” in a pair of late-night tweets.

“This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement,” Loeffler wrote. “As confirmed in the periodic transaction report to Senate Ethics, I was informed of these purchases and sales on February 16, 2020 — three weeks after they were made.”

Imhofe sold as much as $400,000 in stock all on Jan. 27, in companies such as PayPal, Apple and real estate company Brookfield Asset Management, The New York Times reported.

The Senate financial disclosure data is available by clicking here.

Primary Sidebar


  • Facebook
  • Instagram
  • Twitter

Follow Us On Facebook


Trending Now

us-marine-corps-base-camp-pendleton’s-main-gate-temporarily-closed-after-driver-attempted-to-gain-access

US Marine Corps Base Camp Pendleton’s main gate temporarily closed after driver attempted to gain access

tyre-nichols’-last-words-heard-on-newly-released-bodycam-footage:-‘i’m-just-trying-to-get-home’

Tyre Nichols’ last words heard on newly released bodycam footage: ‘I’m just trying to get home’

tyre-nichols-video:-memphis-authorities-release-footage-from-deadly-traffic-stop

Tyre Nichols video: Memphis authorities release footage from deadly traffic stop

tom-shillue:-will-labeling-social-media-‘defective’-prove-effective?

TOM SHILLUE: Will labeling social media ‘defective’ prove effective?

on-this-day-in-history,-jan.-28,-1986,-space-shuttle-challenger-explodes,-shocking-the-nation

On this day in history, Jan. 28, 1986, space shuttle Challenger explodes, shocking the nation


LOCAL NEWS HEADLINES

Not all midwives in Mississippi are required to be licensed but advocates want that to change

Mississippi Film Office celebrates 50th anniversary

Third-party manager: Extend judicial oversight over Jackson water until federal money is spent

IN CUSTODY: Man accused of trying to kill his step-father in St. Martin turns himself in

Second class of students begin Gray Media Training Center

More Local News

NATIONAL HEADLINES

tennessee-sheriff-opens-new-investigation-into-two-deputies-after-tyre-nichols-bodycam-video-release

Tennessee sheriff opens new investigation into two deputies after Tyre Nichols bodycam video release

The Shelby County sheriff’s office has placed two deputies on administrative leave following the release of bodycam footage Friday evening of a traffic stop on Jan. 7, showing officers severely beat 29-year-old Tyre Nichols. He later died of his … Read Full Report about Tennessee sheriff opens new investigation into two deputies after Tyre Nichols bodycam video release

bill-maher-says-tyre-nichols,-california-shootings-prove-america’s-culture-of-violence-goes-‘deeper-than-race’

Bill Maher says Tyre Nichols, California shootings prove America’s culture of violence goes ‘deeper than race’

"Real Time" host Bill Maher said recent tragedies across the country prove the "culture of violence" goes beyond racial lines. Maher began the panel discussion Friday night by recapping the "rage" that has unfolded in the past weeks between the mass shootings … Read Full Report about Bill Maher says Tyre Nichols, California shootings prove America’s culture of violence goes ‘deeper than race’

lawyer-of-ex-officer-charged-in-tyre-nichols-case-responds-to-video-release

Lawyer of ex-officer charged in Tyre Nichols case responds to video release

Following the release of the video footage showing the deadly interaction between Tyre Nichols and five Memphis police officers on Friday, the lawyer for Desmond Mills Jr., one of those five police officers who was charged with his murder said a "thorough … Read Full Report about Lawyer of ex-officer charged in Tyre Nichols case responds to video release

tyre-nichols-video-release-ignites-protesters-who-stomp-police-car,-urge-crowds-to-‘burn-it-down!’

Tyre Nichols video release ignites protesters who stomp police car, urge crowds to ‘burn it down!’

Protests began across America Friday night following the release of body camera video relating to the Tyre Nichols traffic stop, which sent him to a local hospital where he died days later.In New York City someone stomped the windshield of a police cruiser as … Read Full Report about Tyre Nichols video release ignites protesters who stomp police car, urge crowds to ‘burn it down!’

patrick-mahomes’-wife-says-cincinnati-mayor’s-jabs-at-chiefs-qb-are-‘weak,-embarrassing’

Patrick Mahomes’ wife says Cincinnati mayor’s jabs at Chiefs QB are ‘weak, embarrassing’

Cincinnati Mayor Aftab Pureval threw some shade at Kansas City Chiefs quarterback Patrick Mahomes in an official city proclamation Friday.Pureval proclaimed this Sunday "They Gotta Play Us Day" in honor of the city's Bengals taking on the Chiefs in the AFC … Read Full Report about Patrick Mahomes’ wife says Cincinnati mayor’s jabs at Chiefs QB are ‘weak, embarrassing’

Footer

Public File Info

Individuals with disabilities who have questions about the content of our public file or website may contact RaMona Alexander by phone at
601-948-3333 or by email at RaMona.Alexander@fox40tv.com

»WDBD FCC Public File
»EEO Report
»Closed Captioning

 

  • Local News
  • National
  • Sports
  • Weather
  • The Super FOX 40 Giveaway
  • FOX 40 Weekly Sports Lineup
  • More…
    • Lifestyle
      • Realizing DPP
    • Politics
    • Health
    • red cross
    • Science
    • Entertainment
      • Technology
      • What’s on TV?

CATEGORIES

  • Local News
  • National
  • Sports
  • Weather
  • The Super FOX 40 Giveaway
  • FOX 40 Weekly Sports Lineup
  • More…
    • Lifestyle
      • Realizing DPP
    • Politics
    • Health
    • red cross
    • Science
    • Entertainment
      • Technology
      • What’s on TV?
GRIT TV Logo
Antenna_TV_logo
GRIT-TV Logo
Antenna_TV_logo

Copyright © 2023 · American Spirit Media LLC · WDBD TV · Jackson MS · Terms of Service · Privacy Policy