Strong jobs report amid tariff uncertainty
There was a surge on Wall Street amid a strong jobs report, with the S&P and NASDAQ recovering all losses since President Trump announced tariffs on April 2. Meanwhile, in an exclusive interview, President Trump told NBC News that the U.S. is in an economic transition period. NBC News' Garrett Haake reports.May 2, 2025
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The Independent
3 hours ago
- The Independent
Trump made $10million selling guitars, bibles, watches and sneakers - but his crypto firm was the most profitable of all
President Donald Trump made over $10 million in the last year selling watches, sneakers, bibles and guitars, but his stake in a cryptocurrency platform was the most profitable of all. Trump's financial disclosure report, released Friday by the Office of Government Ethics, lays bare the vast wealth of the president and his family. The president has made $57,355,532 from his stake in World Liberty Financial, the cryptocurrency platform. His $TRUMP meme coin was not part of the disclosure report because it only launched in January, but is estimated to have earned $320 million in fees. The president has also made millions in license fees, the 234-long disclosure report shows. By comparison, former President Joe Biden's 2024 filing was 11 pages. Trump's Mar-a-Lago estate and members-only club in Palm Beach brought in more than $50 million, according to the filing, which appears to cover the 2024 calendar year. Other items raking it in for Trump include 'Trump Watches,' that made $2.8 million, 'Save America' coffee table books that brought in $3 million, and Trump sneakers and fragrances which made $2.5 million. Sales of the Greenwood Bible made $1,306,035 and '45' guitars made $1,055,100. Trump launched the 'limited edition' American Eagle-branded electric and acoustic guitars in November last year, retailing from $1,500 to as much as $10,500. And earlier in 2024, Trump also unveiled his 'Never Surrender' high-top shoes for $399. The president has never shied away from pushing his merchandise on supporters, despite critics accusing him of shameless grift. His cryptocurrency venture has come under the spotlight recently. According to a Financial Times report last month, Trump's media company is planning to raise $3 billion to spend on Bitcoin and other cryptocurrencies. Trump Media & Technology Group, which owns the Truth Social app, aims to raise $2 billion in fresh equity and $1 billion in a convertible bond, according to the report. The move is the latest potential conflict of interest that has seen Trump pursue policies inside the White House that may financially benefit him and his family outside of it. Last month the president also hosted 200 of the largest investors in the $TRUMP memecoin at a personal banquet at his Virginia golf club — a move that one special interest watchdog called 'nakedly corrupt.'
Daily Mail
5 hours ago
- Daily Mail
Hockey-loving Canadians and classic car buffs brace for Trump 'circus' and reveal how they want G7 world leaders to respond to his threats
The two teams battling on the ice at the East Calgary Twin Arenas are checking each other with ferocity – with slots in a successful Canadian youth league on the line in a country where hockey is king. But in a region that will soon host President Donald Trump and other G7 leaders, youth sports parents and other locals are fretting about another face-off – this one involving a volatile U.S. president who vows to make Canada the 51st State. 'I think if it was reversed, we would probably have a war on our hands, because the Americans would not put up with it,' said Curtis Reynard, 47, electrical contractor whose 17-year-old son played goalie for the first of two games Saturday. Reynard, a conservative, takes Trump's threat seriously, as the president prepares to set foot on Canadian soil for the first time since saying it was 'meant to be' the 51st U.S. State. 'I don't think he's playing around. I think he has intent around it. I think I think he's smart enough to know that we need them more than they need us, and he's willing to do whatever it takes,' he told the Daily Mail. He has two hopes for the summit. For the 'circus to end' – and for other leaders including PM Mark Carney to find a way to work around the U.S. president. 'The only way to defuse Trump is not give him any energy. Allow him to do his rhetoric and his steam and just ignore him. Move on. Have your conversations with all of them about trade deals,' he advised. Calgary and the oil-rich province of Alberta are known as the 'Texas of Canada,' and if there is a MAGA-stronghold north of the border, this is it. But even people who identify with the conservative party here have grave concerns about Trump's trade threats – and are fear the real estate baron is intent on an acquiring their homeland. Some worry Trump's tariffs are a means to an unwanted end. 'I think those are crazy,' said Renee Sonen, whose 16-year old son absorbed a body blow on the ice as young men in green and orange jerseys battled before scouts, prompting a gasp from his mother. She said 'definitely didn't care' for Trump's repeated talk about absorbing Canada. But she wondered whether the threats helped her country by forcing it to reexamine some outdated policies and focus on internal trade. 'The U.S. has always been such a strong market, so when it got taken away, we had to get creative,' she said. No one here has been able to completely avoid Trump's idea, raised after he secured the White House in the November elections. Many have calculated how it might affect their own bottom line, if it is indeed serious. 'The only reason I'm hesitant doing a 51st state type thing is because I don't want to have to go to privatized health care,' said Jill, 40, who came to the arena to host a birthday for her 10-year-old hockey loving son, not ruling out the idea. She has family in the States, and worries about what would happen to her safety if Canada joined a country known for its gun violence. 'Canada, because it is friendly and it is welcoming, we feel safe here. Whereas that's not quite the case in a lot of states,' she said. Trump's indignant blast that 'we don't need anything from Canada' including its cars struck a chord in a country that has been closely linked to the U.S. economically for generations. Over at the Wings & Wheels classic car event at the Hangar Flight Museum in Calgary, Canadians came to a Father's Day weekend event marvel at some relics of American – and Canadian – engineering. Inside a hangar is a model of an admired Canadian jet that got scrapped in favor of U.S.-made fighters in the 1960s. Outside on display near an aging Royal Canadian Air Force plane made in the U.S. are some of the Detroit's greatest muscle cars. 'Canada has been the U.S. biggest trading partner for God knows how many years, and we're the best of friends of the Americans,' said Bill Lambe, 85, a retired communications worker who stops to admire a 1956 white and powder blue Pontiac. He said Trump thinks he doesn't need anything from Canada. 'But it's really interwoven to trade between Canada and the U.S. I don't think it's going to do the Americans any good.' Trump's tariffs and threats have led to security concerns. 'We need allies. But America is an unreliable one right now,' fretted Rob Malach, a retired professor who owns a 1979 Corvette but is sizing up a classic 1974 Plymouth Duster. 'They can't ignore his tariffs, but they can personally ignore him,' he said of other G7 leaders. Malach was infuriated by the parade honoring the 250th birthday of the U.S. Army that was underway in Washington on Trump's 79th birthday. 'Who's your model? Putin? Kim Jong-un?… I mean, yeah, throw me a parade with a bunch of tanks? I can't believe somebody with the attitude of a 13-year-old is running what used to be the leader of the free world. It's sad.' Not far away, Dave Alle of Calgary is displaying his immaculate 1941 pickup – and it doesn't come from Detroit. Alle has one of the few remaining Fargo vehicles made during World War II in Windsor, Ontario, just across the river from Motown. Alle works in the steel construction industry, and retooled some of the car parts himself. He finds the tariffs Trump imposed on Canadian steel maddening, and says it is hurting his bottom line. 'It's unreal what it's doing to our industry. To keep businesses – you just can't plan.' He called it all 'quite upsetting.' 'I think as Canadians, we should take it seriously,' he said, adding that they 'just need to stand up to it.' John Gray and his wife Sue are camped out by what some car buffs would call a pinnacle of American industrial engineering: a candy red 1964 Corvette. Gray says he hopes Trump's threats prompt Canadians to 'wake up' and diversify their industry. 'Business is business, but love is bull****,' he said, describing the bilateral relationship in terms of spoiled romance. Now, he brings up how Hitler came to power democratically. 'It's happening in the States and he's not good for the world,' he said. A retired oil industry worker, Gray has a brother down in Texas, and used to take road trips with his son to car shows south of the border. Now, he's 'not going across. Not for the foreseeable future.' 'When we were down there, my son and I, I can't say I met anybody that I wouldn't want to meet again. The people down there – they were friendly as hell. We had a great time. And it probably still would be. But it's just the taste, I guess you could say that. It's a shame.'
South Wales Argus
7 hours ago
- South Wales Argus
Canada is independent and sovereign, says Starmer ahead of visit
In an apparent challenge to the US President, the Prime Minister said the country was a 'much-valued member of the Commonwealth'. Sir Keir indicated the UK and Canada will seek to restart trade talks on his way to meet Mark Carney, the country's premier and former Bank of England governor, in the Canadian capital on Saturday. The visit will be the first by a British premier to the country in eight years and comes ahead of leaders from the world's major economies meeting for the G7 summit in Kananaskis next week. The Prime Minister will be walking a diplomatic tightrope between strengthening bilateral relations with Canada and keeping Mr Trump, with whom he is finalising details of a transatlantic trade deal, on side. The US President has repeatedly expressed a desire to make Canada the '51st state.' Asked whether he had called out Mr Trump's remarks about Canada, the Prime Minister said: 'Canada and the US are our allies. Canada is an independent, sovereign nation, and quite right, too. 'And that's the basis on which I've approached my discussions with all of our partners. I'm not going to get into the precise conversations I've had, but let me be absolutely clear: Canada is an independent, sovereign country and a much-valued member of the Commonwealth. 'And we work closely with Canada on any number of issues, whether that is defence and security – particularly the training in Ukraine, it's been something where Canada and the UK have worked very closely together.' He added: 'And one of the things I want to do is to open the door to taking out further, reducing out trade barriers with Canada. So, I'm really clear where we stand on that.' The UK and Canada have a trade relationship worth about £28 billion to the British economy and are both members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. But the two leaders have starkly different approaches to the US president. Mr Carney previously criticised the UK Government's invitation for Mr Trump to make a second state visit, telling Sky News earlier this year that Canadians were 'not impressed' by the gesture. Downing Street said Sir Keir would use his visit to Canada to argue that 'in a shifting global economy, the UK must retain its proud status as a free and open trading nation – strengthening our existing alliances while reducing barriers to trade with other countries around the world'. He is also expected to meet Mr Trump at the summit next week.
