Trump Threatens 35% Tariff on Canada; Rubio Says Xi-Trump Summit Likely
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USA Today
20 minutes ago
- USA Today
Donald Trump says Beyoncé should be 'prosecuted' for alleged Harris endorsement payment
Donald Trump still has a political bone to pick with Queen Bey. The president, who has previously voiced criticism of celebrities who showed support for his election counterpart, Kamala Harris, took to social media on Saturday, July 26, to renew his unfounded claim that pop star Beyoncé was allegedly paid $11 million to endorse Harris' presidential bid. In the lead-up to the 2024 presidential election, the "Cowboy Carter" songstress made her endorsement of Harris official when she appeared at the former vice president's abortion rights rally in her hometown of Houston in October. She also cleared the usage of her 2016 song "Freedom" for Harris, and the tune became the Democratic nominee's official campaign song. "I'm looking at the large amount of money owed by the Democrats after the presidential election and the fact that they admit to paying, probably illegally, $11 million dollars to singer Beyoncé for an ENDORSEMENT (she never sang, not one note...)," wrote Trump in a fiery Truth Social post, also citing alleged endorsement payments to media mogul Oprah Winfrey and civil rights activist Al Sharpton. USA TODAY has reached out to a representative for Beyoncé for comment. "Can you imagine what would happen if politicians started paying for people to endorse them. All hell would break out!" Trump concluded. "Kamala and all of those that received endorsement money BROKE THE LAW. They should all be prosecuted! Thank you for your attention to this matter." Trump's digital tirade comes just two months after he accused the Grammy-winning singer and other celebrities of being paid to publicly support Harris' candidacy. In a May Truth Social post, the GOP president announced plans for a "major investigation" into the Harris campaign's celebrity endorsements. Catch up: Trump calls Beyoncé's endorsement of Kamala Harris 'illegal' Did Beyoncé receive payment for Kamala Harris endorsement? At the time of Trump's original allegations in May, the Federal Election Commission had no record of an $11 million payment to Beyoncé from Harris' presidential campaign. Additionally, the agency does not have rules explicitly prohibiting candidates from paying for endorsements. It is unclear where Trump got the unsubstantiated $11 million figure. The Harris campaign last year rejected a rumor that it paid Beyoncé $10 million for her endorsement that spread on social media shortly after the music star's October 2024 appearance with Harris. Beyoncé's mother, Tina Knowles, also pushed back at the $10 million rumor in a November 2024 Instagram post, calling it "false information" and a "lie." She added that the singer "actually paid for her own flights for her and her team." Oprah Winfrey says she was not paid a 'personal fee' for Kamala Harris rally What has Beyoncé said about Kamala Harris campaign? During her October 2024 appearance at Harris' rally, Beyoncé, who was joined by fellow singer and Destiny's Child alum Kelly Rowland, said "It's time for America to sing a new song" when describing Harris' presidential bid. "I'm not here as a celebrity. I'm not here as a politician. I'm here as a mother," the pop star added. "Your freedom is your God-given right, your human right." Harris has long been a fan of Beyoncé. The California-born politician attended the singer's Renaissance World Tour in 2023 just outside of Washington, D.C., after she gifted Harris tickets. Contributing: Caché McClay, Joey Garrison and Swapna Venugopal Ramaswamy, USA TODAY
The Hill
20 minutes ago
- The Hill
Ohio State University president: Ivy League presidents ‘in survival mode, quite frankly'
The Ohio State University (OSU) President Ted Carter said on Sunday that he thinks Ivy League schools are in 'survival mode,' when asked about Columbia University's settlement with the Trump administration. In an interview on CBS News's 'Face the Nation,' moderator Margaret Brennan asked Carter whether he's troubled by the 'precedent' that the settlement sets and whether he would have agreed to a similar deal to resolve a hypothetical dispute with the administration. 'I can't speak to those institutions because I'm not leading them,' Carter responded. 'I know both President Shipman and some of the other Ivy League presidents are colleagues, and they're having to do, I think, what I would call, be in survival mode, quite frankly,' he said, referring to acting Columbia University President Claire Shipman. 'We're not going through any of that here at Ohio State, and nor do I think that we will,' Carter added. Columbia agreed to pay $221 million to restore the more than $400 million in federal funding that was blocked by the administration, according to the settlement announced July 21. In cutting off Columbia's funding, the Trump administration originally cited alleged inaction on antisemitism, though Education Secretary Linda McMahon pointed to more ideological motives in an interview after the settlement was announced. 'This is a monumental victory for conservatives who wanted to do things on these elite campuses for a long time because we had such far left-leaning professors,' McMahon said on Fox Business Network. The university, which saw some of the nation's most active pro-Palestinian campus demonstrations amid the war in Gaza, did not have to admit to wrongdoing as part of the deal.
CNBC
21 minutes ago
- CNBC
CNBC Daily Open: A week when everything happens
Choose a comfortable seat and grab your popcorn. These five days will basically be the Olympics for market watchers: And looming over all those financial and macroeconomic events is U.S. President Donald Trump's August 1 deadline for his new tariffs. As Kim Forrest, founder at Bokeh Capital, said, "What isn't happening in this week?" Here's the ideal scenario for investors. The Magnificent Seven companies reporting earnings this week and the U.S. economy secure gold at their respective events. (The Fed is expected to keep rates unchanged — whether this qualifies the central bank for a medal is up for debate). Big trading partners of the U.S., such as South Korea and India, secure a deal with the White House and join the European Union and Japan at the podium, while Beijing extends its tariff suspension with Washington. If those events happen, U.S. stocks will probably have legs clear hurdle after hurdle — and the S&P 500 can continue topping record announces a trade agreement with the European Union. Most European goods, including cars, exported to the U.S. will face a 15% tariff, Trump said Sunday. The bloc also agreed to purchase $750 billion worth of U.S. energy, he added. The Fed is ready to start lowering rates, Trump said. On Friday, the U.S. president said Fed Chair Jerome Powell told him "the country is doing well," which Trump took to mean "he's going to start recommending lower rates." Futures markets disagree. Perfect week for the S&P 500. The broad-based index rose Friday to close at a high — its fifth record in a row last week. The Nasdaq Composite and Dow Jones Industrial Average also advanced. The Stoxx Europe 600 lost 0.29%. Palantir joins rank of top 20 most valuable U.S. companies. After rising more than 2% on Friday to hit a market cap of $375 billion, Palantir bumped Home Depot out of the list. The software provider has more than doubled in value this year. [PRO] Keep an eye on these overbought stocks. Using CNBC Pro's stock screener tool, the team has identified 18 stocks that might be trading at levels higher than their fair value, based on their 14-day relative strength index. Under Trump, Uncle Sam is becoming an active investor The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security. More interventions could be on the horizon as the Trump administration develops a policy to support U.S. companies in strategic industries against state-backed competition from China.
