Showing posts with label SNL. Show all posts
Showing posts with label SNL. Show all posts

Sunday, October 12, 2025

Simon & Garfunkel


Wednesday, December 11, 2024

Nepo Babies and Billionaires

 

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Good Tuesday evening, folks and welcome back to another edition of Today’s American News. We love bringing you news and analysis on the circus that is American politics and entertainment. Here are today’s big headlines:

Is Trump keeping his son’s ex-fiance silenced with a boutique post??? Greek Islands for the president-elect’s son’s ex-girlfriend at the expense of the U.S. taxpayer… oof. The nepotism of Donald Trump never ends and it’s just gross, but now it takes a new turn. Former Fox News host and and Court TV anchor Kimberly Guilfoyle, better known for her broken-off engagement to Donald Trump Jr. and her shouting during the 2020 virtual Republican National Convention, is on track to be the United States’ ambassador to Greece. Reports suggest the younger Trump has broke things off with Guilfoyle and is now involved with socialite Bettina Anderson. Maybe this is their way of keeping her quiet.

Assad’s torture dungeons speak of unspeakable cruelty… Have a strong stomach if you’re going to find out more about this story. The topping of former Syrian president Bashar al-Assad over the weekend was followed by horrific new evidence of what took place under his watch for the purpose of keeping him in power (or, rather, for the purpose of just plain cruelty).

Israel conducts air raid on Syrian military targets amid power vacuum… Count Israel among the top of many around the world celebrating the ouster of Syrian president Assad over the weekend–and weary at the same time of what comes next for the war torn country. Israel took out numerous Syrian military targets. “Israeli officials have reveled in the downfall of Assad, a staunch ally of Iran who allowed his country to be used as a resupply route for Hezbollah in Lebanon. But they also fear what could come from radical Islamists governing Syria, which borders Israel in the occupied Golan Heights,” CNN wrote. Yesterday we brought you news of President Biden’s ordering of air strikes on ISIS-affiliated targets within Syria.

Arctic tundra now contributing to climate change… This news won’t get the coverage it deserves, but it was pretty eye-popping from our perspective. Arctic tundra stores carbon–scientists knew that part–but now that carbon is contributing to the warning of the planet. Yikes. The findings were released by the National Oceanic and Atmospheric Administration today based on research by Woodwell Climate Research Center scientists based out of Falmouth, Massachusetts.

Today’s Buzz

SNL did a Gladiator II and Wicked fusion trailer and it’s awesome… Gladiator II actor Paul Pescal was host of “Saturday Night Live” this weekend, and SNL had some creative fun with the popularity of both his latest movie and Wicked. We loved it.

(note: includes some spoof violence and adult topics)

We appreciate you reading! Stay tuned for tomorrow’s Today’s American News.

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Monday, November 18, 2024

Trump Makes Second Attempt to Install Wall Street’s Lawyer, Jay Clayton, to Oversee Prosecutions of Wall Street SAY NO TO JAY CLAYTON!

TODD BLANCH = MATT GAETZ DEFENSE COUNSEL 

IN THE NY LAWSUITS, FALSIFICATION OF BUSINESS RECORDS, TODD BLANCH 

ARGUED IN OPENING ARGUMENTS & CLOSING ARGUEMENTS THAT TRUMP 

HAD NEVER MET STORMY DANIELS...WHICH WAS TRUMP'S IRRELEVANT 

ARGUMENT....DON'T GET LOST IN TRUMP'S LIES!

SAY NO TO JAY CLAYTON!


SUBSCRIBE TO THIS NEWSLETTER TO RECEIVE TIMELY REPORTS! 


Trump Makes Second Attempt to Install Wall Street’s Lawyer, Jay Clayton, to Oversee Prosecutions of Wall Street

By Pam Martens and Russ Martens: November 18, 2024 ~

Trump, Pied PiperLast week President-elect Donald Trump announced the nomination of Jay Clayton to become U.S. Attorney for the Southern District of New York – the regional office of the U.S. Department of Justice that brings (or passes on bringing) criminal prosecutions against the Wall Street megabanks for their serial looting of the American people.

In Trump’s first term as President, Clayton was tapped by Trump to serve as Chairman of the Securities and Exchange Commission – notwithstanding that Clayton had represented 8 of the 10 largest Wall Street banks in the prior three years as a law partner at Sullivan & Cromwell, one of the oldest Wall Street go-to law firms. Clayton returned to Sullivan & Cromwell after his stint at the SEC and currently serves there as Senior Policy Advisor and Of Counsel.

When Clayton’s name was first announced by Trump to be SEC Chair in early January 2017, Senator Sherrod Brown, then the Democrat’s ranking member of the Senate Banking Committee, issued the following statement:

“It’s hard to see how an attorney who’s spent his career helping Wall Street beat the rap will keep President-elect Trump’s promise to stop big banks and hedge funds from ‘getting away with murder.’ I look forward to hearing how Mr. Clayton will protect retirees and savers from being exploited, demand real accountability from the financial institutions the SEC oversees, and work to prevent another financial crisis.”

Our Revolution, the organization created by supporters of Senator Bernie Sanders after his failed bid for the Presidency, ramped up the heat against Clayton serving as SEC Chair with an email blast asking Sanders’ supporters to sign a petition against Clayton. The email message read in part:

“Clayton’s ties to Wall Street are deep. His law firm specializes in protecting Wall Street banks, and during the financial crisis he worked as a bailout attorney for Goldman Sachs, where his wife works today…The SEC chair is supposed to referee Wall Street banks, but Clayton has spent his entire career protecting their interests – and more than half of his family income currently comes from one of them. How can he be trusted to suddenly switch sides and put working Americans first?”

The link to the petition called this a “hostile takeover” of America. That hostile takeover now looks like a warm, cuddly blanket compared to what Trump is unleashing today. Saturday Night Live’s James Austin Johnson, playing Trump, described his cabinet picks as follows: “…I am very fastly picking the most epic cabinet of all time. They’re some of the most dynamic, free-thinking, animal killing, sexually criminal, medically crazy people in the country.” Saturday Night Live forgot to reference Fox News host Pete Hegseth, the man Trump has nominated to be Secretary of Defense and head the U.S. military and Pentagon, despite his tattoos espousing white supremacy rhetoric.

Most notable about the current Trump nomination of Clayton is that this is not the first time that Trump has attempted to put this deeply conflicted man – who has zero experience as a criminal prosecutor – in charge of the federal prosecutor’s office that handles criminal prosecutions of Wall Street. The first time was more of an attempted coup d’état rather than an appointment. Here are the hubristic details of what went down with Clayton in Trump’s last year in office as President – six months before Trump fueled the insurrection on the U.S. Capitol building on January 6, 2021.

Shortly after 9 p.m. on June 19, 2020, the then U.S. Attorney General, William Barr, blindsided prosecutors in the Southern District of New York with the announcement that their boss, Geoffrey Berman, was stepping down as U.S. Attorney and would be replaced with the sitting SEC Chairman, Jay Clayton.

What Barr had not foreseen was that Berman had no intention of being ousted quietly. In fact, he would later write a tell-all book on the experience. Berman writes the following in Holding the Line: Inside the Nation’s Preeminent US Attorney’s Office and Its Battle with the Trump Justice Department:

“Throughout my tenure as U.S. attorney, Trump’s Justice Department kept demanding that I use my office to aid them politically, and I kept declining — in ways just tactful enough to keep me from being fired.”

Two hours after Barr’s announcement, Geoffrey Berman released his own statement indicating that the U.S. Attorney General had just told a brazen lie to the American people. Berman’s statement was this: “I learned in a press release from the Attorney General tonight that I was ‘stepping down’ as United States Attorney.  I have not resigned, and have no intention of resigning my position, to which I was appointed by the Judges of the United States District Court for the Southern District of New York.”

The next day, Barr issued another statement indicating that President Trump was removing Berman from his post but would leave Berman’s Deputy in charge of the office on an interim basis. Barr had stated the prior Friday evening that he would be putting in Craig Carpenito, the sitting U.S. Attorney for the District of New Jersey, as acting head of the office until Clayton’s confirmation hearing. The acknowledgement by Barr that Berman’s Deputy would fill the post until a confirmation occurred appeased Berman and he agreed to step down.

The same day, then Senate Judiciary Committee Chairman Lindsey Graham, Republican of South Carolina, released a statement indicating that he would not move forward on Clayton’s nomination without the standard policy of getting a go-ahead from the two Senators of the state where the new U.S. Attorney will serve, i.e., New York. That meant that Senators Chuck Schumer and Kirsten Gillibrand would have to give the greenlight to Clayton. Instead, Schumer released the following statement:

“Forty seven years ago, Elliott Richardson had the courage to say no to a gross abuse of presidential power. Jay Clayton has a similar choice today: He can allow himself to be used in the brazen Trump-Barr scheme to interfere in investigations by the U.S. Attorney for the Southern District of New York, or he can stand up to this corruption, withdraw his name from consideration, and save his own reputation from overnight ruin.”

According to the New York Times, Senator Gillibrand had also stated that Clayton should withdraw his name from consideration.

That was the end of the Trump-Barr-Clayton attempted coup d’état on June 19, 2020. It was followed by the violent and deadly attempted coup d’état on January 6, 2021 at the Capitol building.

Now Trump’s plan to install Clayton in the U.S. Attorney’s Office for the Southern District of New York is back and, incredibly, Clayton looks like one of the more reasonable Trump cabinet picks – on the mere basis that he hasn’t been accused of sexually assaulting anyone or having his body decorated with white supremacy images.

What Trump is attempting to do for Wall Street’s serial miscreants today is precisely what he is planning to do for himself at Main Justice – the U.S. Department of Justice in Washington, D.C. Trump has nominated his sycophant, Matt Gaetz, to be U.S. Attorney General and his defense counsel, Todd Blanche, to be Deputy Attorney General, a position that oversees the criminal division of the U.S. Department of Justice.

Blanche represented Trump in the federal cases brought by Special Counsel Jack Smith and in the New York case where Trump was accused of attempting to illegally influence the 2016 election by paying hush money to porn star Stormy Daniels, who testified in court that the two had sex in a hotel room. According to Daniels’ statements to the media, Trump’s wife, Melania, was caring for their four-month old son, Barron, at the time. The hush money trial ended with Trump being convicted on all 34 criminal felony counts – making him the first convicted felon in U.S. history to be elected President of the United States.

In the 2020 effort by Trump to install Clayton, mainstream media focused on the fact that the U.S. Attorney’s office for the Southern District was actively investigating Trump ally, Rudy Giuliani, and Deutsche Bank, a major financial lender to Trump’s companies. That might have been relevant. But also noteworthy was the ongoing criminal investigations of two Wall Street megabanks.

Goldman Sachs was under investigation in one of the biggest financial frauds in history – a case involving a Malaysian sovereign wealth fund known as 1MDB. Goldman raised over $6 billion in bond offerings for 1MDB but, according to the Justice Department, $4.5 billion of that was “misappropriated” and used “to fund the co-conspirators’ lavish lifestyles, including purchases of artwork and jewelry, the acquisition of luxury real estate and luxury yachts, the payment of gambling expenses, and the hiring of musicians and celebrities to attend parties.” Goldman made more than $600 million in fees from the bond offerings, according to the Justice Department.

On June 6, 2020 Reuters reported that Malaysia would not accept $3 billion from Goldman to settle the case. On June 11 – just eight days before Berman was abruptly dismissed from his post — the New York Times reported the following:

“Goldman Sachs is trying to get federal prosecutors to ease up on the bank for its role in a brazen scheme to loot billions of dollars from a Malaysian sovereign wealth fund.

“Lawyers for the bank have asked Deputy Attorney General Jeffrey Rosen to review demands by some federal prosecutors that Goldman pay more than $2 billion in fines and plead guilty to a felony charge, according to three people briefed on the matter.

“The bank has sought to pay a lower fine and avoid a guilty plea, according to the people, who spoke on condition of anonymity because the talks are continuing.”

What most Americans have never heard about in this famous case is that Clayton’s law firm, Sullivan & Cromwell, was involved in making some of those luxury purchases on behalf of the gang of alleged criminals who looted 1MDB, according to the U.S. Department of Justice.

Sullivan & Cromwell’s name makes seven appearances in the criminal complaint filed in court by the Justice Department.

While Sullivan & Cromwell is named 7 times in the complaint, the giant law firm Shearman & Sterling is mentioned 94 times. Shearman & Sterling has represented Goldman Sachs and other Wall Street banks on numerous occasions.

Something else that the public does not know is that a unit of JPMorgan Chase, a bank that has pleaded guilty to five criminal felony counts, is named 61 times in the 1MDB complaint for its role in wiring the looted funds. While the Justice Department did not bring charges against J.P. Morgan in the matter, the Swiss regulator, FINMA, found in 2017 that the bank had committed serious anti-money laundering breaches in its handling of monies belonging to 1MDB.

Just three months after the attempted Clayton coup, the U.S. Department of Justice gave JPMorgan Chase a deferred prosecution agreement for two criminal felony counts involving sprawling crimes in the trading of precious metals and U.S. Treasuries. But instead of the case being brought by the U.S. Attorney’s Office for the Southern District of New York – where JPMorgan’s trading desks are located – the case was inexplicably handled by the District of Connecticut.


WALL STREET ON PARADE

Friday, July 28, 2023

RSN: FOCUS: 'No One Knew What to Do': When Sinéad O'Connor Ripped Up the Pope's Photo on TV - the Inside Story

 

 

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'It was a heavy moment in history' ... Sinead O'Connor rips a photo of the Pope on SNL. (photo: NBC)
FOCUS: 'No One Knew What to Do': When Sinéad O'Connor Ripped Up the Pope's Photo on TV - the Inside Story
Daniel Glass, Guardian UK
Glass writes: "I will never forget it. Everybody froze at SNL. The music producer Liz Welch went from jubilation to tears. No one stopped it, no one knew what to do." 

ALSO SEE: Sinead O'Connor's Muslim Identity Missing in Obituaries, Some Fans Say


Record label executive Daniel Glass remembers the infamous 1992 SNL appearance that resulted in the artist becoming ‘totally cancelled’


At the record label Chrysalis in New York, we had a Wednesday marketing meeting every week. I was a young executive and the president came in and said, “I just came back from England and we signed a super talent.” I think she was 19 – it was Sinéad. This was before she shaved her head. When we heard [debut album] The Lion and the Cobra it was one of the greatest meetings I’ve ever attended – it was staggering, this record. It came out and we promoted it in a very unorthodox way. The key was getting it to go up the American college media charts, which it did and we took it to No 1. There were remixes of Mandinka and various other records – we had an MC Lyte version of I Want Your (Hands on Me).

Sinéad was terrific, so smart. And you could see at that young age she was very torn about stardom and recognition. The first day she landed, we decided to have dinner. We were going downtown, and I don’t know who made the decision to have a limousine but she wouldn’t get in. She wanted to go in a van. And then we got to Tower Records – the buzz was already out about Sinéad and a DJ was playing the record. She got very upset and said to me, “If there was a hole in the ground, I would crawl into it right now. Please tell him to take it off.” And I said to her very nicely, “It’s a homage. It’s respect.” She said, “Please, I don’t want to hear it. Please, please, please.” And we left. That was the contradiction of fame and recognition.

Live, she would always have hip-hop artists opening for her. That was her thing. No one was doing that. Not the commercial producers, but the really rock, hip-hop, political people in the business that had a voice – she gave them a voice and she had them opening for her. She befriended [Public Enemy’s] Hank Shocklee. She and my wife were also very close. We had babies at the same time: my second child, Maxie. Sinéad had come here and she was so lonely, not having her baby with her. She said to my wife, “Deborah, can Maxie sit on my lap?” She just wanted to hold her. She was so sweet.

I got to work with Sinéad again. In 1992, she’s getting ready to release the album Am I Not Your Girl. She got booked on SNL. Sinéad was not getting a lot of love at the time – she was controversial, she hadn’t had a hit in a while. Anyway, first song, Steve Kingston and Brian Phillips – two of the most influential people in the world of alternative rock radio – look back at me and said, “We’re adding the record Monday.” Thumbs up. Everybody’s great. We’re breathing.

And of course, the next performance was when she did War, and she ripped the picture of the pope. I will never forget it. Everybody froze at SNL. The music producer Liz Welch went from jubilation to tears. No one stopped it, no one knew what to do. We walked back to the artist’s dressing room. I don’t think she knew what she just had just done. The magnitude of it. She was in a room by herself which was kind of sad and lonely, because it was a heavy moment in history.

I remember knocking on the door. I went in and she was talking to herself. Her hands were behind her back, she had her socks on and she was doing something between poetry and chanting. I didn’t know what to do. People were upset and we got blamed, as if we were complicit. And then a few days later, she’s invited to the Dylan concert at the Garden [where she was loudly booed by the crowd]. I was there and I will never forget what Kris Kristofferson did for her. He hugged her, he put his arm around her, and he really got her through it. That was beautiful.

She was totally cancelled and then people would say, months and years later, “She was right, you know, we shouldn’t have done that.” The mob was horrible. The boycotting and blacklisting. People weren’t judging the music. The fear of not playing a record, or not adding a record to your playlist? Give me a break. It really did hurt her because she was speaking from the heart – she was an artist, and she had a very strong point of view. Her delivery was rough. She could alienate people.

She never recovered after that. No one judged the music, that’s what I was very pissed off about. Being outspoken should not be a penalty.

Two years ago, her manager Fachtna Ó Ceallaigh reached out and asked if I’d be interested [in working with her again]. I felt at that moment – not judging the music – that we had two beautiful runs together and I can’t do it again. I have a higher tolerance for artistic freedom and integrity and license and most people don’t. And I was right, because the world now is so woke, and so less open to chance, to open voices, than they were then. And I don’t regret my decision not to do that dance again.

But I only have great memories. Very often I’m asked, who are the most brilliant artists you’ve ever worked with? Nine out of 10 times, she comes in first. Not that she’s bigger, better, but that’s my gut response. She was more than a singer, more than an interpreter of songs. She was somebody who spoke the truth and wasn’t afraid of the truth. Prophets and poets, you always say after they pass away, or when it’s too late, that they were right. And what did she say that was wrong? About the abuses of the church? About mental health? About the children of the world? She was right. I knew her as a mother. She was a very compassionate, soulful person.

By the way, she drove me nuts professionally – she was the most frustrating artist of my career. But a brilliant one. I wouldn’t trade it for anything. I have a very heavy heart today.



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Sunday, November 13, 2022

SNL48 Fox & Friends Cold Open - SNL

 


The hosts of Fox & Friends (Mikey Day, Heidi Gardner, Bowen Yang) interview Kari Lake (Cecily Strong) and Donald Trump (James Austin Johnson) about the 2022 midterm elections.


Saturday, May 8, 2021

POLITICO NIGHTLY: The mystery of the missing jobs

 


 
POLITICO Nightly logo

BY RENUKA RAYASAM

Presented by Facebook

With help from Myah Ward

Nightly video talk with Renuka Rayasam and Ben White

THE 266,000 QUESTION — This morning’s April employment report held a shocking number: The country created about 266,000 jobs last month, about the quarter of the number that economists had expected. President Joe Biden tried to put a positive spin on the report later in the day, arguing that the economy was back on track, but also saying that the numbers are evidence that more stimulus is needed. Nightly asked chief economics correspondent Ben White to explain this morning’s report and tell us what’s ahead for jobs this summer in three minutes or less . As Ben says, “The question is, Is it an outlier, or is it a real indication that the pace of jobs coming back from the Covid hit is slowing down considerably?”

Welcome to POLITICO Nightly. Heading into the weekend like Rob Gronkowski on a slide (h/t to our new Massachusetts Playbook author Lisa Kashinsky). Reach out with news, tips and ideas for us at rrayasam@politico.com, or on Twitter at @renurayasam.

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FIRST IN NIGHTLY

Illustration of Elon Musk

GARY GENSLER’S PRE-‘SNL’ READING — “The loathing Musk inspires from the left is uniquely intense and personal, not unlike that directed toward his fellow techno-optimists in the Democratic Party like Andrew Yang and Pete Buttigieg. Musk shares their cardinal sin: that of cringe, an obliviousness toward, or unwillingness to acknowledge, the tastemakers who define pop culture at its highest level — which increasingly includes policy positions, like police abolition or massive wealth redistribution. Musk has remained stubbornly committed to a brash and vague tech-bro libertarianism that was already wearing out its welcome among cultural elites in 2011, and seems fully retrograde in the world of 2021. And his arc as a public figure serves as a neat lesson in how and where the battle lines of our current culture wars came to be drawn.” — From Derek Robertson’s “How the Internet Turned on Elon Musk,” coming this weekend in POLITICO Magazine

 

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WHAT'D I MISS?

— California population drops for first time in state history: California’s population declined in 2020 for the first time in the state's recorded history due to Covid-19 deaths, federal immigration restrictions and declining births, state officials announced today. The nation’s most populous state lost more than 180,000 people between January 2020 and January 2021, a decline of 0.46 percent, according to data released by the state Department of Finance. This was the first time California experienced an annual drop since the state began recording such data in 1900, according to Finance spokesperson H.D. Palmer.

— Internal study highlights struggle over control of America’s special ops: The study, which has not been previously reported, is being conducted by Joint Special Operations University, the academic arm of U.S. Special Operations Command. The plan is to review arguments for and against establishing a separate military branch for the special operations community, according to a slide deck dated March 21 and reviewed by POLITICO.

— Virginia gubernatorial candidates push ‘election integrity’ in major post-Trump contest: The first statewide Republican nominating contest since Trump left office has added a new issue to the top tier of traditional GOP campaign messages: “election integrity.” All four of the leading Republican candidates for this weekend’s “unassembled convention,” where Republican delegates will vote for their nominee at 39 sites around the state, are talking about election and voting rules on the trail and in ads, with some putting forth detailed plans for how they would change Virginia’s election rules.

— Keisha Lance Bottoms exits Atlanta’s mayoral race: Bottoms said this morning that she would not seek a second term as Atlanta’s mayor, citing the tumultuous last four years. Bottoms alerted staffers and allies of her plans to exit the race on Thursday evening in a call first reported by the Atlanta Journal-Constitution.

 

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NIGHTLY INTERVIEW

‘THEY HAVE TO GO FASTER’ — Rep. Raja Krishnamoorthi (D-Ill.) is one of only four Indian Americans currently in Congress. Elected in 2016, he’s been pushing the Biden administration for weeks to deliver vaccines and other supplies to India.

In 2000, only two South Asian Americans ran for Congress, according to FiveThirtyEight. That rose to about 40 in the last couple of election cycles. And, Krishnamoorthi told Nightly, “The administration has about 20 senior officials of Indian heritage or South Asian heritage, including the vice president.”

Nightly’s Renuka Rayasam spoke with Krishnamoorthi today about the rise of South Asian political power in the U.S. and whether the administration is doing enough to help India. This conversation has been edited.

Are you in touch with the Biden administration about Covid aid to India?

We have been in regular contact with the administration. There are a lot of people in the administration who get it. But there are a lot of people who are overly cautious on this particular issue. They’re worried about the technicalities associated with the agreements with pharmaceutical companies, and even some are concerned about maybe not having enough vaccine down the road.

They’ve started to make moves in the right direction. Honestly, they have to go faster. Why would we jeopardize the incredible progress we’ve made with vaccines here by allowing this five-alarm fire to rage? If there’s anywhere where you could have a mutation that could potentially defeat a vaccine, it could be there. Nobody’s talking about not getting our own citizenry vaccinated.

How do you feel about the Biden administration’s ban on travelers from India?

We have to defer to the CDC on this particular issue. That being said, it has to be uniformly applied across all countries. There should be some criteria that are set, not only for triggering a travel ban, but also for lifting the travel ban. A lot of my constituents and others are contacting us and saying, “We had plans to receive grandma, our grandfather and now we are very, very afraid for their safety and we don’t know when we’re going to be able to bring him or her.”

Do you have family in India? How are they doing?

A lot of our family has unfortunately had Covid already or has Covid now. Fortunately, the elderly relatives have been somewhat segregated from everyone else in the family. They have kind of locked themselves down. One of our friends lost 10 family members. Another lost a brother, sister-in-law and younger daughter — all to Covid.

I’ve been to a lot of parties where the Aunties and Uncles love to argue about Trump or Biden. But I’m not sure if they actually vote.

I find that fascinating too, but I think it has to do with inconvenience. There’s a large percentage who are small business people and sometimes work in situations where they feel they can’t take time out to do this. There’s also a myth that was circulating in certain communities that if you vote then you’re going to get called to jury duty.

I hope it doesn’t take tragedies to force people to come to terms with the old adage that if you don’t have a seat at the table, you’re on the menu.

 

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AROUND THE WORLD

MACRON SLAMS VAX ‘BLOCKING’ — French President Emmanuel Macron today renewed his call for richer nations to share Covid-19 vaccine doses with poorer nations, and he criticized the U.S. and the U.K. for “blocking” such transfers.

France was the first member of the group of seven rich nations known as the G-7 to donate doses, but Macron has been under pressure recently for not clearly supporting a proposal to lift intellectual property rights for Covid-19 vaccines, an idea the U.S. backed on Wednesday.

Responding to a question by reporters upon his arrival to the EU Social Summit in Porto, Macron defended his position. “What’s the issue right now? It’s not really about intellectual property; you can give it to a lab that won’t know how to produce it — the first issue is giving doses,” Macron said. “The second pillar for the vaccines to circulate it’s not to block ingredients and the vaccines; today the Anglo-Saxons are blocking a lot of ingredients and vaccines.

PUNCHLINES

CATCHING OUR BREATH — After a week that saw the GOP go after Liz Cheney; Facebook’s Oversight Board keep Trump from posting; and the Bidens seeming to tower over the Carters, Matt Wuerker delivers the Weekend Wrap of the best political satire and cartoons to send us into Saturday and Sunday.

Nightly video player of Matt Wuerker's Weekend Wrap

NIGHTLY NUMBER

107 percent

The rate of increase in threats against members of Congress compared to last year, the United States Capitol Police said today . The disclosure comes as lawmakers debate additional funding to increase Capitol Police staffing and to address security needs in the aftermath of the Jan. 6 riot, including whether to install permanent fencing around the Capitol complex.

PARTING WORDS

LIVE FROM NEW YORK, IT’S $DOGE — Elon Musk is hosting “Saturday Night Live” this weekend, and as the Tesla CEO said in the promo video, “There’s no telling what I may do.”

Wall Street is already betting on what Musk might do. Dogecoin, one of Musk’s favorite cryptocurrencies, was trading up today at around 65 cents ahead of Musk’s SNL appearance. That’s just short of its all-time high of 69 cents.

Last week, when Musk promoted his May 8 SNL gig on Twitter by labeling himself “The Dogefather,” Dogecoin spiked more than 30 percent.

Nightly’s Myah Ward talked to Brendan Greeley, a contributing editor at the Financial Times, about the crypto craze and what Musk could do to move the markets this weekend. This conversation has been edited.

Let’s say Musk makes a joke about buying cryptocurrencies on SNL tomorrow. What kind of effect would this have in the world of memecoins and other crypto assets?

I mean, it sounds like a lot of fun!

Look, this happens with more traditional currencies. Steven Mnuchin, I think it would have been early 2017 at Davos, made a comment about the value of the dollar. And I’m going to get this wrong, but he said something about how we should let the dollar do what it wants to do. And that was interpreted as, perhaps the dollar will sink in value.

Just that indicator of intent from him changed the value of the dollar against other currencies overnight. So it’s not that hard to believe that somebody who’s obviously invested in other coins could give a signal of intent and change the value overnight. That’s not novel.

You’re writing a book about the history of the dollar. What do you make of the crypto craze and the role these currencies play in the financial system?

I still think we’re talking a bit of fun. I think Dogecoin is hilarious. I don’t know immediately what it would be for. But that doesn’t mean we should dismiss it as inherently not money.

There’s this idea that all money is a meme. I don’t agree with that. I think it’s necessary for money to be a meme to survive, but it’s not sufficient. We can talk about Steven Mnuchin at Davos saying something about the dollar and in a meme-like way, affecting the value of it. But that doesn’t explain all of how it works.

I think one of the things that’s missing in a conversation about any of these other new kinds of currency is that, if you want a system where different kinds of money trade for each other at par, you’re not talking about technology. You’re talking about governments and social policy. That’s what makes money trade at par. If Elon Musk says something tomorrow night about Dogecoin and it affects the value of Dogecoin, that is an aspect of money. But it is not the complete aspect of how money works and how we think of it.

What do you think the is most market-moving thing Musk could say on SNL?

If he decided that he was going to convert Tesla’s treasury into Dogecoin, that would be significant. I don’t anticipate he would do that.

But look at what we’re talking about. We’re talking about a major American car manufacturer, the possibility of that company converting some of its treasury into a coin based on a dog meme that was invented as a joke a couple of years ago. I don’t know, this is all too fantastical to take seriously.

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