The Trump administration subpoenaed New York Times reporters after they wrote about security concerns with the new Air Force One. The reporters did their jobs. The administration responded by demanding their communications records.
This is what happens when you report on a plane. A f*cking plane. Not state secrets. Not covert operations. A Boeing 747 that costs too much and runs late like every other government contract since the invention of government contracts.
The security concerns involved the new Air Force One project, which has been plagued by delays and cost overruns because apparently building a fancy plane for the president is harder than building a fancy plane for anyone else. The Times wrote about it. Standard reporting. The kind that happens every day in every newsroom that still has reporters who aren't writing about which cryptocurrency will make you rich.
Now those reporters get subpoenas. The government wants to know who told them things. Because nothing says "we have nothing to hide" like using legal threats to find out who talked.
Retail traders will read this headline and think it affects Boeing stock. It does not. They will check the BA chart anyway. They will draw lines on it. The lines will be meaningless. They will buy calls based on those lines. The calls will expire worthless. None of this will have anything to do with subpoenas or Air Force One or the New York Times.
The paper says multiple journalists received subpoenas. Not one. Multiple. Someone in the administration saw the story and thought "let's make this everyone's problem."
The Trump administration spent years calling the media fake news, and when the media reported actual news about an actual plane with actual problems, they got subpoenas for being too real.
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