Dave Portnoy, founder of Barstool Sports, lost approximately $7 million after the stock market fell sharply following President Trump's announcement of new tariffs. The president's tariffs affected various American trade partners and led to an immediate negative reaction in the stock market, with the Dow and S&P indices plunging over 3% at the market's opening. In a live stream, Portnoy expressed his confusion over the tariff implications and discussed the significant financial impact these policies have had on his investments.
"It's tariff city, Portnoy said around the three-minute mark of the stream. Trump has put his tariffs all over the place. I've been trying to understand them. I don't."
"And everything's in the shitter because of it. So I said, Dave, pick yourself up. It's OK that you don't feel good. You gotta get to the people."
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