Showing posts with label STOCK MARKET. Show all posts
Showing posts with label STOCK MARKET. Show all posts

Saturday, May 23, 2026

Friday Afternoon Updates: Gabbard Out and a DOJ Scandal That Could Change Everything — 5/22/26

                                                                                                                      

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Friday Afternoon Updates: Gabbard Out and a DOJ Scandal That Could Change Everything — 5/22/26

Consumer confidence hits historic lows, the Iran blockade crumbles, and the Broadview Six scandal blows the lid off DOJ corruption.


Hi all, Ben here. It’s Friday. It may be the end of the week, but the news certainly isn’t letting up. Let me give you a quick rundown of the major stories we’re tracking this afternoon, then we’ll get into the details. Remember to like and re-stack so this reaches as many people as possible.

Top Stories Today:

  • Tulsi Gabbard resigns as Director of National Intelligence, effective June 30

  • U.S. consumer sentiment crashes to its lowest level ever recorded, worse than the 1973 Oil Crisis, the Dot-Com crash, and the inflation shocks of the 1980s

  • Iran has destroyed over two dozen U.S. MQ-9 Reaper drones, costing nearly $1 billion

  • The IRGC Navy is escorting ships through the Strait of Hormuz, the one Trump falsely claims the U.S. controls

  • Foreign diplomats report the U.S. negotiating team in Geneva couldn’t explain basic uranium enrichment concepts

  • Pakistan’s Field Marshal Munir and a Qatari delegation have both traveled to Tehran in a push for a deal, reports say

  • Israeli intelligence claims Iran is planning a major surprise strike on Israel and Gulf states. How convenient.

  • Trump will not attend Don Jr.’s wedding, citing “circumstances pertaining to Government”

  • Trump’s anti-weaponization slush fund faces new scrutiny as he defends the $1.776 billion theft of taxpayer dollars

  • All charges against the Broadview Six have been dismissed and the grand jury misconduct scandal is now threatening to unravel the entire DOJ’s prosecution strategy against Trump’s political enemies

  • NATO Secretary General Rutte breaks from his usual deference to Trump, and Rubio makes threats about the alliance

  • Jeff Landry returns from Greenland and accidentally admits the whole point was the oil

  • A federal appeals court allows Rep. Jamie Raskin to file arguments opposing the DOJ’s attempt to dismiss seditious conspiracy convictions of Proud Boys and Oath Keepers

Before I go any further, if you haven’t yet joined as a paid subscriber, consider doing so now by clicking here to support our work. This is how we grow. If you’re already a Meidas+ paid Substack subscriber, thank you for your support of pro-democracy media!

Let’s get into it.

Tulsi Gabbard Resigns as Director of National Intelligence

We have breaking news this afternoon. Tulsi Gabbard has resigned as Donald Trump’s Director of National Intelligence, effective June 30. According to Fox News, Gabbard’s resignation letter states that her husband Abraham was recently diagnosed with an extremely rare form of bone cancer, and that she is stepping away from public service to focus on supporting him through treatment.

Meanwhile, Reuters reports that the ​White House ‌forced Gabbard to ⁠resign ​from her ​post, per a person familiar ​with ​the matter.

The timing and the context here matter and we’d be doing you a disservice not to note them. This is the second high-profile departure from the intelligence community tied to Trump’s Iran War in a matter of months. Gabbard’s own deputy, Joe Kent, resigned earlier this year in protest of the war, stating plainly that Iran posed no imminent threat to the United States. And before she joined the Trump administration, Gabbard herself was one of the most vocal critics of military adventurism in the Middle East. She spent years warning against exactly the kind of conflict that Trump has now launched. Whether her resignation is purely personal, or whether the weight of what this administration has done in the Middle East is also a factor, only she knows. But the DNI’s office has now lost two of its most significant figures amid a war that was launched on false pretenses and is going badly by every measurable metric.

As Americans Feel Economic Pain, Trump Brags about Stocks

U.S. consumer sentiment has plunged to the lowest level ever recorded in data going back to 1952. That is a historic low. We have never seen numbers this bad. Sentiment is down 21% since February of this year, before the Iran War began. Americans right now feel worse about the economy than they did during the 1973 Oil Crisis. Worse than the Dot-Com crash. Worse than the inflation shocks of the 1980s. Worse than the Great Recession.

And what are consumers expecting going forward? Inflation hitting 4.8% over the next twelve months. Frankly, I think that’s a conservative number. We’ve been seeing month-over-month increases of 0.3 to 0.6%. Do the math and you get to 5% fast.

So how does Donald Trump respond to the worst consumer sentiment report in American history? He posts on Truth Social: “NEW STOCK MARKET RECORD!” And then, conveniently, Barak Ravid at Axios posts that Pakistan’s Field Marshal Asim Munir is traveling to Tehran to broker a deal. The market jumps. Reuters follows with word that a Qatari delegation has also arrived in Tehran, in coordination with the U.S. The market surges more.

Then Trump holds a press conference to swear in his new Fed Chair Kevin Warsh and brags again about the Dow Jones being over 50,000. We know that during the first quarter alone, Trump made over 3,700 stock trades. That’s a new trade every nine minutes, in companies whose CEOs he regularly meets with at the White House. And the is practically flaunting it in public.

And then, Trump again pushed lies that he has brought $18 trillion in investment to the United States in eleven months. The entire U.S. GDP is roughly $30 trillion. Our national debt just hit $39 trillion. He’s not even in the right universe. And when someone eventually asks about the debt, he says, “We’re going to grow our way out of it.” Sure you are, Donald.

Iran War Updates

Here’s what we know today about the ongoing, catastrophic, and unlawful war in Iran. Over two dozen U.S. MQ-9 Reaper drones have been destroyed by Iran since the conflict began, nearly $1 billion in losses, representing roughly 20% of the Pentagon’s entire pre-war fleet of these aircraft. That’s a staggering military and financial loss that the administration has been slow-walking to the public.

And the blockade Trump boasted about? It’s not working. The IRGC Navy reported that 35 ships, oil tankers, container ships, commercial vessels, passed through the Strait of Hormuz in the past 24 hours, under Iranian coordination and escort. Trump literally claimed yesterday that the U.S. controlled the Strait. He just made it up (again). The radar tracking data tells a completely different story.

Making matters worse, Reuters is reporting that during nuclear talks in Geneva, European officials were stunned to find themselves explaining basic uranium enrichment concepts to the American negotiating team. Experienced Iran nuclear experts were pushed out of the government when Trump took office, replaced with loyalists. One diplomat reportedly questioned aloud how the U.S. could negotiate a nuclear deal without understanding the underlying science.

Meanwhile, Israel is moving into war posture. Israeli intelligence officials are claiming Iran is planning a major surprise missile and drone attack against Israel and Gulf states following the collapse of negotiations, and are pressing for Israel to strike preemptively. Here we go again. We’ve read this book before…

Trump Skips Don Jr.’s Wedding

Donald Trump announced he will not be attending his own son Don Jr.’s wedding to Bettina. His explanation, posted on Truth Social, was that “circumstances pertaining to Government” and his love for the United States require him to remain in Washington.

Image

Now, we’re not in the business of armchair psychoanalyzing family dynamics. But Donald Trump has spent the past several months finding time for golf, rallies, ceremonial events, and extended Truth Social posting sessions. He could not find a weekend for his son’s wedding.

South Carolina Republicans Fumble Their Own Redistricting Power Grab

The South Carolina State Senate today killed a motion to fast-track debate on a Republican-drawn redistricting map that would have favored the GOP in all seven of the state’s congressional districts. The vote was 25-15 — falling short of the two-thirds threshold needed to suspend Senate rules and allow immediate action.

Six Republicans crossed over and voted with Democrats to kill the motion: Rex Rice, Shane Massey, Sean Bennett, Chip Campsen, Tom Davis, and Greg Hembree. Former State Rep. Adam Morgan, a Republican, said the failure “puts the entire effort in serious jeopardy.” Without expedited action, Republicans won’t be able to get a new map in place before early voting begins this Tuesday, May 26.

This is a significant moment. Republicans in South Carolina were attempting a last-minute gerrymander to lock in a 7-0 congressional map ahead of the 2026 midterms. The fact that six members of their own party stepped in to slow it down, at least for now, is notable. The fight isn’t over, but the clock is now working against them.

NATO Is Fraying in Real Time

There was a significant NATO meeting today in Helsingborg, Sweden, and for the first time it seems, Secretary General Mark Rutte said something that wasn’t entirely flattering to Trump. He openly acknowledged that it is strange for Europe, one of the wealthiest regions on the planet, to be so dependent on the United States for its own defense. That’s Rutte, the same guy who has been bending over backwards for months, finally saying what everyone has been thinking and what other world leaders have been saying.

And then there was Marco Rubio, who suggested that because some NATO allies denied the U.S. use of their bases during the Iran War, the value of those alliances needs to be “discussed.” He said NATO allies’ responses to U.S. operations in Iran are “well documented” and will have to be “addressed.”

Someone asked Rubio whether NATO should play a role regarding Cuba, since we’ve got a carrier group sitting nearby. His answer was that NATO is “far from Cuba.” Which, yes, geographically true, but also a window into the incoherence at the heart of this foreign policy. NATO is a defensive alliance. It was never designed for offensive military adventures in the Middle East or the Caribbean. Rubio seems to not fully grasp this. At least, he is pretending not to.

Jeff Landry’s Disastrous Greenland Trip

Louisiana Governor Jeff Landry, Trump’s envoy to Greenland, is back home after a humiliating trip. He was followed through the streets by Greenlanders booing him and telling him to go home. There were mass demonstrations. He made a fool of himself and of this country.

In his post-trip interview on Fox, the truth finally slipped out. He wanted to know about Greenland’s oil. That’s what this was all about. Trump realizes the Strait of Hormuz gambit isn’t working out as planned, and now the play is to seize Greenland’s energy resources. The Trump regime, true to form, is looking at a sovereign territory with a thriving population and seeing a resource extraction opportunity.

The Broadview Six Scandal Is Bigger Than One Case

Yesterday, all remaining charges against the Broadview Six defendants were dismissed and the story of how we got here is one of the most significant DOJ misconduct revelations we’ve seen. Federal Judge April Perry reviewed the grand jury transcripts in this case and said she had never, in reviewing thousands of such transcripts throughout her career, seen prosecutorial behavior this bad.

What happened? Prosecutors engaged in “vouching,” putting their personal credibility on the line to push the grand jury toward indictment. They dismissed grand jurors who disagreed with the government’s case. They had improper substantive communications with grand jurors outside the grand jury room. And then they redacted the transcripts to hide all of it. When the full transcripts finally came out, the judge was, in her own words, “incredibly shocked.” You may remember that former congressoinal candidate Kat Abughazaleh was among the defendants.

Here’s why this matters beyond the Broadview Six. This is now the second major Trump DOJ prosecution, following the James Comey case, where a federal judge has found serious grand jury misconduct. People have rightly asked how a grand jury could have returned indictments in cases with no real legal foundation against Trump’s political enemies. This is how. Defense attorneys have already announced a motion for sanctions. There will be testimony. There will be cross-examination. And the emergency motion filed today seeking preservation of all emails and texts from the prosecutors involved suggests this is far from over.

The whole scheme is starting to unravel. We’re going to stay on this one closely.

The Slush Fund Continues to Melt

Trump today defended his $1.776 billion anti-weaponization fund, which, let’s be clear, is a slush fund designed to direct taxpayer money to January 6th insurrectionists and provide Trump himself with immunity from future IRS audits and tax fraud investigations. In his post, he claimed he could have settled his own legal cases “for an absolute fortune” but chose not to out of generosity. This is a lie. His claims were time-barred. He wouldn’t have gotten anything. And 450,000 other people were affected by the same IRS data breach he’s citing, a breach that happened under his own administration in 2019.

That’s the Friday afternoon rundown for now. Ron Filipkowski will be back later with a comprehensive breakdown of all the news, so stay tuned. Thank you for subscribing!




Wednesday, April 23, 2025

Lawrence: Trump, a 'humiliated clown' who always pretends he never backs down, backed down again

 


MSNBC

8.52M subscribers




Tuesday, March 11, 2025

"WHEN TARIFF TANTRUMS MEET ECONOMIC REALITY"

 


"WHEN TARIFF TANTRUMS MEET ECONOMIC REALITY"

...surprise, surprise, the markets are reacting the way every rational economist predicted; with sheer panic!


For years, Donald J. Trump has sold the American people a golden fantasy; a land where the stock market booms under his, and only his, masterful leadership. Where tariffs are the ultimate power play against foreign adversaries, and where, according to him, any economic downturn is the fault of "Sleepy Joe" Biden and his so-called incompetence. But now, with the market in a tailspin over the last 45 days, the reality check has arrived, and it's not looking good for the current President and his merry band of sycophants.



The numbers don’t lie. The stock market, which Trump has long treated as his personal approval rating, has taken a brutal beating. The Dow has shed thousands of points, the S&P 500 has tumbled, and investors are growing increasingly skittish. And let’s be clear: this isn’t some cyclical market correction. This is a full-blown crisis of confidence; a referendum on the very economic policies Trump is promising to resurrect in his second term. The very same policies he claimed would "make America rich again" are now exposing the flaws that economists, financial analysts, and anyone with a functioning brain have been warning about for years.

Remember how Trump used to sneer and scoff at Biden when the market had a bad day? How he would gleefully tweet things like, "Stock Market at all-time lows! Sleepy Joe’s America is a disaster!" or "Biden is DESTROYING your 401(k)!"? Funny, he seems awfully quiet now that the economic disaster is unfolding on his own doorstep. Maybe because this time, there’s no one else to blame but himself.

One of the biggest culprits? Trump's obsession with tariffs. He has spent years treating tariffs like a blunt instrument, swinging them wildly at China, Europe, Canada, Mexico and anyone else who doesn’t kowtow to his economic illiteracy. And now, surprise, surprise, the markets are reacting the way every rational economist predicted; with sheer panic!

The mere mention of a return to Trump’s draconian tariffs has investors sprinting for the exits. Why? Because tariffs don’t just hurt the countries they’re imposed on, they create widespread economic uncertainty, disrupt global supply chains, and ultimately, jack up prices for American consumers. That’s right…I said it, they jack up prices for the American consumer! Wall Street doesn’t like instability, and Trump’s policies are a one-way ticket to economic chaos. But of course, try explaining that to the MAGA diehards who still believe that making China pay somehow means they’re getting richer. Newsflash: they’re not and you will be paying more for EVERYTHING!

And while the stock market tumbles, let’s talk about what Trump’s economic idiocy has just done to New Yorkers. Canada, my loving, maple syrup-loving cousins to the north, have decided to hike its energy costs to the Northeast, including New York, and guess what? You can thank Donald Trump for that the next time he parades himself down Fifth Avenue.

Trump’s reckless trade policies and his decision to pull back from North American energy agreements have left the U.S. more vulnerable than ever. And now, with rising costs and strained relations, Canada is looking out for itself; which means everyday New Yorkers are about to pay even more to keep the lights on. This isn’t some abstract, theoretical economic debate, this is real money coming out of real people’s pockets. And yet, you won’t hear Trump talking about how his policies just made winter a hell of a lot more expensive for millions of Americans. And wait, just wait until your electric bill comes in when we need the air conditioner during what is expected to be a very hot summer.

The truth is, Trump was always wrong when it came to the economy. He got lucky in his first term, coasting off the momentum of the Obama-era recovery, then spent four years artificially inflating stock prices with corporate tax cuts and reckless deregulation. It was all political smoke and mirrors. And right now, the market and consumer confidence is falling faster than Trump’s approval ratings; outside the MAGA cult of course.

The last 45 days have been an omen; a flashing neon sign warning that a second Trump term is on course to be a financial disaster. The markets are nervous because they see the writing on the wall. Investors clearly aren’t buying his nonsense anymore. And, Wall Street is waking up to the reality that Trump’s economic policies aren’t the road to prosperity; they’re a one-way ticket to economic ruin.

So, to all those investors, business leaders, and Americans watching their retirement accounts shrink and their bills go up, remember this: Donald Trump isn’t the economic savior he claims to be. And worse, he’s surrounded by people who don’t care about him or the legacy he will leave. They are individuals who have been successful in their own right. But that doesn’t make them geniuses. Certainly not geniuses to make the country successful or place us on the right path. And now, as the stock market spirals and New Yorkers brace for higher costs, the evidence is clearer than ever; four more years of Trump and his enablers’ policies means four more years of economic disaster.

But hey, don’t take my word for it. Just ask your 401(k).

(Kindly consider supporting this platform and all independent journalists here on Substack. Plus, the first 240 Founding Members to this platform receive a rare, signed, numbered edition of my NYT Bestseller “Revenge, How Donald Trump weaponized The US Department Of Justice Against His Critics.” Join now!)

Tuesday, February 4, 2025

A Hostile Takeover Is Happening

 

A Hostile Takeover Is Happening

2.3.25

Credit: AP

Good Monday evening and welcome back to Today’s American News, your source for news and analysis on the circus that is American politics and entertainment.

Trump backtracks on tariffs but U.S. economy still takes hit… Donald Trump announced 25 percent tariffs on Mexico and Canada on Friday, prompting backlash among our neighbors, before backing off today after conversations with Mexico City and Ottawa. NBC News reports on the damage: “The Dow Jones Industrial Average fell 0.3%, while the broader S&P 500 declined 0.8%. The tech-heavy Nasdaq 100 lost 1.2%. The Cboe Volatility Index, known as Wall Street’s “fear” gauge, which anticipates major market swings, spiked above 18 — approaching highs seen over the last two years.

red and blue light streaks
Photo by Maxim Hopman on Unsplash

Musk’s U.S. takeover extends to Treasury’s payments database…. Politico reports, “Elon Musk’s headlong rush to take control of crucial federal agencies and functions… has stoked widespread alarm in Washington about the aims of his Donald Trump-backed mission. The opaque office’s early moves have violated the Privacy Act and cybersecurity laws, according to legal experts, and triggered a lawsuit challenging the Trump administration’s assault on government bureaucracy. Legal and security experts are particularly exercised by Musk’s move to shutter the U.S. Agency for International Development and take control of the Treasury Department’s central payments database.”

ACLU sues Trump over suspension of asylum… Joined by three immigrant rights groups, the American Civil Liberties Union filed a major lawsuit against the Trump administration today, telling the U.S. District Court for the District of Columbia that Trump’s executive actions on asylum usurped the constitutional authority of Congress. After a series of Trump moves it has become virtually impossible for refugees to make an asylum claim with the U.S. government. Trump, the lawsuit alleges, “is returning asylum seekers—not just single adults, but families too—to countries where they face persecution or torture, without allowing them to invoke the protections Congress has provided."

Six Americans held in Venezuela come home with Trump envoy… In a diplomatic win for the Trump administration, envoy for special missions Richard Grenell was able to secure the release of six Americans detained in Venezuela after a meeting with President Nicolás Maduro. Maduro, who remained in power after an illegitimate re-election last year, met with Grenell to discuss his government’s refusal to accept Venezuelan nationals deported from the United States under Trump. The Trump Administration, which does not recognize Maduro’s legitimacy for his current, third term, faced questions about whether the meeting was a propaganda win for Maduro.

Today’s Buzz

Grammys: Beyoncé’s Cowboy Carter wins best country album… Cowboy Carter by Beyoncé won best country album at last evening’s 2025 Grammys, making the artist the first Black woman to win best country album in Grammy history. She won a second Grammy in the best country duo/group performance category for her collaboration with Miley Cyrus, “II Most Wanted.” Check out People’s best and worst Grammy moments here.

(Photo credit: CBS)

Thanks for reading Today’s American News. Check back in with us tomorrow evening for more news and analysis.

Friday, December 13, 2024

Happy Friday with MeidasTouch Network

 


Forwarded this email? Subscribe here for more

Written by Ben Meiselas

I’ll keep this short.

First, some good news. I am interviewing Canadian Member of Parliament Charlie Angus soon. Our video on Angus’ speech calling out Trump has hit 1 million YouTube views. I’ve been told the MeidasTouch Network is having a profound impact on Canadian politics as millions of Canadians are sharing our videos. We love our Canadian Meidas Mighty.

The MeidasTouch Network just hit 5.22 billion views on YouTube. Hopefully, by early next year, we will hit 6 billion. We are gearing up for our coverage of the confirmation hearings for Trump’s unqualified and dangerous picks. Our coverage will be unlike anything you’ve ever seen on corporate media. I am confident you will be proud of it.

Meidas+ is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber.


Corporate media continues to fail. The ratings for CNN and MSNBC are so bad it’s hard to imagine they’ll stay in business without some dramatic change or merger soon. I continue to weigh whether MeidasTouch should pursue an acquisition of MSNBC, but that would require partnering with a billionaire investor, and honestly, I don’t want any outside investors. I prefer to be independent and entirely people-powered, even if this means our growth takes longer. We are 100 percent independent.

By the way, I’m sure you heard that The Onion tried to acquire the InfoWars IP from Alex Jones’ bankruptcy, but the federal judge blocked it and said the bidding process wasn’t transparent. I appreciate the recommendations from those who said we should make a bid for InfoWars. Even if it would be a great troll of Alex Jones, I am not interested in owning anything he touched. It just doesn’t appeal to me, even if it could be turned into an engine for good. Just seeing the name InfoWars sickens me.

Speaking of billionaires, in the least shocking news of the day, we learned that both Jeff Bezos and Mark Zuckerberg are giving $1 million to Trump’s inauguration. As I said on yesterday’s live MeidasTouch podcast, it’s not that Bezos and Zuckerberg are “obeying in advance.” The fact is, they are no different than Trump—they care about money over America. They have always obeyed greed over patriotism their entire careers. This is simply a “mask off” moment for them. It sickens me.

Also, where the heck are the Democrats now?

Seriously, I don’t see a modicum of leadership.

I hear about this Democrat fighting with that Democrat for positions on committees.

I appreciate how some Democrats do great at cross-examining MAGA witnesses during committee hearings, but what is needed right now is ruthless, aggressive, loud leadership calling out Trump and his band of billionaire bandits.

It seems like a layup to call out Trump right now.

Yesterday, Trump went to the stock market, and the market dropped across all major indexes after his visit.

When ringing the bell, Trump was asked a softball question by hack business reporter Jim Cramer about whether Americans should invest in the stock market. Trump responded that he didn’t know since people would lose money if “there was a dip” in the market.

So let me get this straight: Trump went from promising riches in the stock market during his campaign to now saying there will be a dip.

Also, Trump said this past weekend on Meet the Press, and again in his Time magazine interview released yesterday, that he couldn’t promise to bring prices down. I just don’t hear Democrats loudly calling him out on the fact that his main campaign promise is a lie. Hopefully, that changes.

We will release an ad-free version of yesterday’s MeidasTouch Podcast here soon on Substack. Thanks for making this Substack one of the most widely read in the world in under 80 days. We hope you are enjoying our content here as a good supplement to everything else we put out across YouTube and all social and digital media. We have major expansion plans for 2025 thanks to your support.

By the way, how good are Ron Filipkowski’s daily recaps?

Resistance HQ Bulletin 25, 12/12/24

Resistance HQ Bulletin 25, 12/12/24

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12:38 AM
Read full story

More people watch and read the MeidasTouch Network than the major media networks now. We take our responsibility seriously to be a leader in reporting. We have zero investors. You are our only stakeholders. We hope you feel we are representing your interests and bringing accountability to those in power every day, as corporate media has failed us all.

If you aren’t already a paid subscriber to this Substack, please consider becoming one now. It is a major driver of our growth.

Thanks again, and have a great Friday.

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Top News | 'He’s Not Going to Run Unopposed': Sanders Rejects Schumer for Majority Leader

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