‘We’re Calling It Orange Monday’: Dave Portnoy Rages at Trump Over Stock Market Nosedive, Says He’s Nearing $20 Million in Losses
Barstool Sports founder Dave Portnoy didn’t mince words as he pointedly blasted President Donald Trump during a Monday morning live stream as the markets opened, raging at his $20 million in losses triggered by tariff-induced economic carnage.
During the livestream, Portnoy tore into Trump’s aggressive tariffs on imported goods. What CNBC host Jim Cramer predicted would be a “Black Monday”, Portnoy branded “Orange Monday” – squarely blaming the president for triggering a market nosedive
“This is a decision that one guy made that crashed the whole stock market,” Portnoy fumed. “That’s why we’re calling it Orange Monday.”
Portnoy watched live as the S&P 500 plunged 4% at opening, capping a brutal three-day stretch of 13% losses—its worst since the 2008 financial crisis. The Dow shed another 1,363 points and the NASDAQ off 26% from its high.
Portnoy, a vocal Trump backer in recent years, didn’t hold back.
“I didn’t love seeing [Trump] on the golf course playing his course championship and being like I’m a very low handicap,” he said. “The stock market is getting crushed. I’ve lost 20% of my net worth. And you’re out on the golf course.”
But Portnoy didn’t just vent for rich guy solidarity — he framed the fallout as a threat to media and working-class livelihoods.
“You think if I’m losing money, if the stock market is tanking that only affects rich people?” he said. “We’re probably affected the least.”
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He continued: “Yeah I’m losing $20 million, but I still have plenty of money… it all shakes down. Companies contract. Let’s look at Barstool Sports, alright? This economy tanks. Our advertisers, who do business overseas and sell products and advertise with us. They sell less products. It gets more expensive. What’s the first thing they cut? Ad budgets. Ad budgets that we get. Suddenly we’re not getting as much money. Suddenly I have to fire Nate and lay people off.”
“That’s how it works,” added Portnoy. “The rich people are probably the least affected… It affects you whether you have money in the stock market or not.”
