• 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 Support
  • Keeping It Real
  • Contest
  • Programming
    • FOX 40 TV Guide
    • WHAT’S ON FOX
    • WATCH STREAMING NEWS NOW
    • 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
  • Puppy Picks
  • FOX 40 Foodies
  • Closing the Gap
  • Weather
  • More…
    • Lifestyle
      • Heart Month
    • Politics
    • Health
    • Science
    • Entertainment
      • Technology
      • What’s on TV?

c16918c4-9b28-51fa-addc-a663015c3160

Sens. Richard Burr, Kelly Loeffler sold millions in stock before coronavirus crippled markets, reports find

Two Republican lawmakers are under intense scrutiny as reports show Sens. Richard Burr and Kelly Loeffler sold millions in stock before the coronavirus outbreak sent the markets in freefall.

Both senators attended briefings on the growing coronavirus outbreak for weeks leading up the national emergency that was declared by President Trump days ago. Burr and Loeffler are each members of the Senate Health Committee, while Burr also serves as chairman of the Senate Intelligence Committee.

ProPublica alleged Burr “sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions” in filings listed in the U.S. Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus.

“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 told Fox News. “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. He supported Congress’ immediate efforts to provide $7.8 billion for response efforts and this week’s bipartisan bill to provide relief for American business and small families.”

SEN. KELLY LOEFFLER REPORTEDLY ‘DUMPED MILLIONS’ IN STOCK BEFORE CORONAVIRUS TANKED MARKETS

This followed another report by NPR, which alleged Burr warned “a small group of well-connected constituents” at a luncheon in late February about the potential impact of the virus, according to a secret recording of the conversation that NPR obtained.

“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 says in the recording. “It is probably more akin to the 1918 pandemic.”

Senate Intelligence Committee Chairman Richard Burr, R-N.C., is seen in an undated photo. (Reuters)

Burr hit back at NPR’s “tabloid-style hit piece” in a lengthy Twitter response.

“NPR knowingly and irresponsibly misrepresented a speech I gave last month about the coronavirus threat,” Burr said. “This lunch was hosted on Feb. 27 by the North Carolina State Society. It was publicly advertised and widely attended. NPR knew, but did not report, that attendees also included many non-members, bipartisan congressional staff, and representatives from the governor’s office.”

Burr dismissed the notion that the North Carolina State Society is a “high-dollar donor group” and refuted the suggestion that he and other Republicans, including President Trump, were not publicly taking the virus outbreak seriously at the time.

“COVID-19 is a rapidly evolving situation. To know if we’ve been successful in stemming it, we have to keep an accurate accounting of our nation’s response. Purposefully misleading listeners for the sake of a ‘narrative,’ like NPR has done, makes us less safe,” Burr concluded.

Shortly after, The Daily Beast reported that Loeffler sold stock owned by her and her husband Jan. 24, the same day she sat in on a closed-door Trump administration coronavirus briefing as a member of the Senate Health Committee. Dr. Anthony Fauci, a member of the White House Coronavirus Task Force, also attended.

SEN. RICHARD BURR SOLD ROUGHLY $1.6 MILLION IN STOCK BEFORE CORONAVIRUS CRIPPLED STOCK MARKET, REPORT FINDS

According to the report, Loeffler sold stock in Resideo Technologies “worth between $50,001 and $100,000.” The company’s stock price “has fallen by more than half” since January.

In addition, 27 out of 29 transactions in February by the Georgia senator and her husband were sales. One stock purchase was in a company called Citrix, a teleworking software company, and was worth between $100,000 and $250,000. The company’s stock, as The Daily Beast noted, has seen a bump since the virus outbreak grew.

The report also claims Loeffler and her husband sold jointly owned stock worth between $1,275,000 and $3,100,000 during the Jan. 24-Feb. 14 timespan, according to filed transactions.

Sen. Kelly Loeffler, R-Ga., takes her seat for the Senate Health, Education, Labor and Pensions Committee hearing on “An Emerging Disease Threat: How the U.S. Is Responding to COVID-19, the Novel Coronavirus” on Tuesday, March 3, 2020. (Getty Images)

CLICK HERE TO GET THE FOX NEWS APP

Her husband, Jeffrey Sprecher, is chairman of the New York Stock Exchange.

Loeffler slammed the “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.”

Primary Sidebar


  • Facebook
  • Instagram
  • Twitter

Follow Us On Facebook


Trending Now

travis-kelce-responds-to-mark-cuban’s-suggestion-taylor-swift-should-dump-chiefs’-star-for-mavericks-player

Travis Kelce responds to Mark Cuban’s suggestion Taylor Swift should dump Chiefs’ star for Mavericks player

house-to-vote-on-cr-funding-bill-as-government-faces-likely-shutdown-this-weekend

House to vote on CR funding bill as government faces likely shutdown this weekend

thousands-of-park-rangers-to-be-furloughed-if-us-government-shuts-down

Thousands of park rangers to be furloughed if US government shuts down

conservatives-call-for-gop-candidates-to-drop-out-after-2nd-debate:-‘time-to-thin-the-herd’

Conservatives call for GOP candidates to drop out after 2nd debate: ‘Time to thin the herd’

new-hampshire-project-to-protect-3,700-acres-of-forest

New Hampshire project to protect 3,700 acres of forest


LOCAL NEWS HEADLINES

Capitol Police investigating alleged road rage incident near stadium

25-acre fire started in Copiah County after 4-wheeler backfires

Body found in Mississippi River, MPD investigates

Hinds County approves spending hundreds of thousands of dollars in payments for cyberattack recovery efforts

Vicksburg football game ends early after 2 fights break out

More Local News

NATIONAL HEADLINES

packers’-matt-lefleur-gets-testy-with-reporter-over-‘bs’-question-after-brutal-loss:-‘we-got-our-a–-kicked’

Packers’ Matt LeFleur gets testy with reporter over ‘BS’ question after brutal loss: ‘We got our a– kicked’

Green Bay Packers head coach Matt LeFleur was blunt in his assessment of Thursday night’s brutal beat down by the Detroit Lions, but he got testy with the media when pressed further for an explanation during his postgame presser. "They manhandled us," LaFleur … Read Full Report about Packers’ Matt LeFleur gets testy with reporter over ‘BS’ question after brutal loss: ‘We got our a– kicked’

every-child-deserves-education-freedom.-let’s-take-it-nationwide

Every child deserves education freedom. Let’s take it nationwide

NEWYou can now listen to Fox News articles! There has been a largely unreported revolution sweeping through several American states in recent years, and it has been helping students achieve better outcomes based on a simple, intrinsically American idea — … Read Full Report about Every child deserves education freedom. Let’s take it nationwide

house-finally-passes-defense-spending-bill-and-two-others,-while-one-fails-in-late-night-vote-series

House finally passes defense spending bill and two others, while one fails in late-night vote series

House lawmakers voted to pass three of four appropriations bills brought to the floor on Thursday night, with defense spending passing along bipartisan lines while their bill on agriculture and FDA spending was sunk by both Republicans and Democrats. The House … Read Full Report about House finally passes defense spending bill and two others, while one fails in late-night vote series

trump-comment-about-punishing-gen.-milley-with-‘death’-causes-major-outcry-from-gop-rivals

Trump comment about punishing Gen. Milley with ‘death’ causes major outcry from GOP rivals

Former President Donald Trump is facing backlash from within the Republican Party after suggesting that outgoing Chairman of the Joint Chiefs of Staff Mark Milley committed crimes worthy of the death penalty.Trump wrote the fiery accusations on his social … Read Full Report about Trump comment about punishing Gen. Milley with ‘death’ causes major outcry from GOP rivals

musk-goes-to-border-to-expose-crisis,-gop-moves-to-defund-biden-official’s-salary-and-more-top-headlines

Musk goes to border to expose crisis, GOP moves to defund Biden official’s salary and more top headlines

Tesla, X *formerly Twitter) CEO Elon Musk paid a visit to Eagle Pass, Texas to see for himself the migrant situation on the ground on Thursday, September 28, 2023. Musk also livestreamed what he saw on X. Good morning and welcome to Fox News’ morning … Read Full Report about Musk goes to border to expose crisis, GOP moves to defund Biden official’s salary and more top headlines

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
»Advertising Terms And Conditions

 

 

  • Local News
  • National
  • Sports
  • Puppy Picks
  • FOX 40 Foodies
  • Closing the Gap
  • Weather
  • More…
    • Lifestyle
      • Heart Month
    • Politics
    • Health
    • Science
    • Entertainment
      • Technology
      • What’s on TV?

CATEGORIES

  • Local News
  • National
  • Sports
  • Puppy Picks
  • FOX 40 Foodies
  • Closing the Gap
  • Weather
  • More…
    • Lifestyle
      • Heart Month
    • Politics
    • Health
    • 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