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Trump booed and cheered at the Kennedy Center while attending ‘Les Miserables'
U.S. President Donald Trump and first lady Melania Trump arrive to view opening night of "Les Miserables," at the Kennedy Center, Wednesday, June 11, 2025, in Washington. (AP Photo/Alex Brandon) WASHINGTON — A tuxedo-wearing U.S. President Donald Trump was booed and cheered as he took his seat for the opening night of 'Les Miserables' at the Kennedy Center, bringing his own dose of political drama to the theatrical production that was unfolding onstage. It was his first time attending a show there since becoming president, reflecting his focus on remaking the institution in his image while asserting more control over the country's cultural landscape. 'We want to bring it back, and we want to bring it back better than ever,' Trump said while walking down the red carpet with first lady Melania Trump. The Republican president has a particular affection for 'Les Miserables,' the sprawling musical set in 19th-century France, and has occasionally played its songs at his events. One of them, 'Do You Hear the People Sing?,' is a revolutionary rallying cry inspired by the 1832 rebellion against the French king. Opening night had a MAGA-does-Broadway feel. Ric Grenell, the Trump-appointed interim leader of the Kennedy Center, stood nearby as the president spoke to reporters. Attorney General Pam Bondi chatted with other guests. Health and Human Services Secretary Robert F. Kennedy Jr. took selfies with attendees. Vice President JD Vance and his wife, Usha, were also there. There were more precautions than usual, given the guest list, and ticketholders had their bags searched after walking through magnetometers. Canned soda was on sale for $8, while a glass of wine cost $19. Terry Gee, a bartender, bought his ticket for the show in November and didn't mind Trump's presence. It's his sixth time seeing 'Les Miserables,' and he said, 'I'm going to enjoy the show regardless.' Hannah Watkins, a nurse, only learned that Trump would be there when the Kennedy Center distributed information about extra security and she searched online to see what was happening. 'I've seen a lot of famous people so far, which is exciting,' said Watkins, who had claimed a spot near the VIP entrance with her mother. 'Honestly, we just like `Les Mis' and are excited to be here.' However, when the lights went down and the show began, there were empty seats in the balconies and even in the orchestra section. Before Trump, presidential involvement in the Kennedy Center's affairs had been limited to naming members to the board of trustees and attending the taping of its annual honors program in the fall. But after returning to office in January, Trump stunned the arts world by firing the Kennedy Center's longtime director and board and replacing them with loyalists, who then named him as chairman. Trump promised to overhaul its programming, management and even appearance as part of an effort to put his stamp on the national arts scene. His latest moves have upset some of the center's patrons and performers. In March, the audience booed the Vances after they slipped into upper-level seats to hear the National Symphony Orchestra. Trump appointed Usha Vance to the Kennedy Center board along with Bondi, White House chief of staff Susie Wiles and Fox News Channel hosts Maria Bartiromo and Laura Ingraham, among other supporters. Sales of subscription packages are said to have declined since Trump's takeover, and several touring productions, including 'Hamilton,' have canceled planned runs at the center. Actor Issa Rae and musician Rhiannon Giddens scrapped scheduled appearances, and Kennedy Center consultants including musician Ben Folds and singer Renee Fleming resigned. Understudies may have performed in some roles Wednesday night because of boycotts by 'Les Miserables' cast members, but Trump said he wasn't bothered by anyone skipping the performance. 'I couldn't care less,' he said. Since returning to the White House in January, Trump has adopted a more aggressive posture toward the arts. The White House has taken steps to cancel millions of dollars in previously awarded federal humanities grants to arts and culture groups, and Trump's budget blueprint proposed eliminating the National Endowment for the Arts and the National Endowment for the Humanities. Trump has also targeted Smithsonian museums by signing executive orders to restrict their funding and by attempting to fire the director of the National Portrait Gallery. Trump characterized previous programming at the Kennedy Center as 'out of control with rampant political propaganda' and said it featured 'some very inappropriate shows,' including a 'Marxist anti-police performance' and 'lesbian-only Shakespeare.' The Kennedy Center, which is supported by government money and private donations, opened in 1971 and for decades has been seen as an apolitical celebration of the arts. It was first conceived in the late 1950s during the administration of Republican President Dwight Eisenhower, who backed a bill from the Democratic-led Congress calling for a National Culture Center. In the early 1960s, Democratic President John F. Kennedy launched a fundraising initiative, and his successor, President Lyndon B. Johnson, signed into law a 1964 bill renaming the project the John F. Kennedy Memorial Center for the Performing Arts. Kennedy had been assassinated the year before. Associated Press writer Mark Kennedy in New York and Chris Megerian in Washington contributed to this report. Darlene Superville, Associated Press
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Earnings Estimates Stabilize: A Closer Look
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: Total S&P 500 earnings for the June quarter are expected to be up +5.2% from the same period last year on +3.8% higher revenues, with a broader and greater pressure on estimates relative to other recent periods since the June-quarter got underway. Q2 earnings estimates for 14 of the 16 Zacks sectors have come down since the quarter got underway, with Aerospace and Utilities as the only sectors whose estimates have moved higher. Q2 earnings estimates for the Tech and Finance sectors, the two largest contributors to aggregate S&P 500 earnings, accounting for 51% of all index earnings, have also been cut since the quarter got underway. The quarter started with significant pressure on Tech sector estimates, but the negative revisions trend notably stabilized in the subsequent weeks. Q2 earnings for the 'Magnificent 7' group of companies are expected to be up +11.8% from the same period last year on +11.2% higher revenues. Excluding the 'Mag 7' contribution, Q2 earnings for the rest of the index would be up +3.4% (vs. +5.2%). The Q2 earnings season will really get going once JPMorgan and Wells Fargo kick-off the June-quarter reporting cycle for the Finance sector. But officially, the Q2 earnings season will have gotten underway much before that, as we and others count results from companies with fiscal quarters ending in May as part of the Q2 earnings season. Using that definition of Q2, we have already seen such results from Costco ( COST ), AutoZone ( AZO ), and Oracle ( ORCL ), and will have seen almost two dozen such results by the time the big banks report their results. Making Sense of Earnings Expectations for 2024 Q2 and Beyond The start of Q2 coincided with heightened tariff uncertainty following the punitive April 2 nd tariff announcements. While the onset of the announced levies was eventually delayed for three months, the issue has understandably weighed heavily on estimates for the current and coming quarters, particularly in the first few weeks after the April 2 nd announcement. The expectation at present is for Q2 earnings for the S&P 500 index to increase by +5.2% from the same period last year on +3.8% higher revenues. The chart below shows how Q2 earnings growth expectations have evolved since the start of the year. While it is not unusual for estimates to be adjusted lower, the magnitude and breadth of Q2 estimate cuts are greater than we have seen in the comparable periods of other recent quarters. Since the start of the quarter, estimates have come down for 14 of the 16 Zacks sectors, with the biggest declines for the Transportation, Autos, Energy, Construction, and Basic Materials sectors. The only sectors experiencing favorable revisions in this period are Aerospace and Utilities. Estimates for the two largest earnings contributors to the index – Tech & Finance – have also declined since the quarter began. Tech sector earnings are expected to be up +12% in Q2 on +10.5% higher revenues. While these earnings growth expectations are materially below where they stood at the start of April, the revisions trend appears to have notably stabilized lately, as we have been flagging in recent weeks. You can see this in the sector's revisions trend in the chart below. This stabilizing turn in the Tech sector's revisions trend can be seen in expectations for full-year 2025 as well, as the chart below shows. The two charts above show that estimates for the Tech sector have stabilized and are no longer under the type of downward pressure experienced earlier in the quarter. The Tech sector is much more than just any another sector, as it alone accounts for almost a third of all S&P 500 earnings. The Earnings Big Picture The chart below shows expectations for 2025 Q2 in terms of what was achieved in the preceding four periods and what is currently expected for the next three quarters. The chart below shows the overall earnings picture for the S&P 500 index on an annual basis. While estimates for this year have been under pressure lately, there haven't been a lot of changes to estimates for the next two years at this stage. Stocks have recouped their tariff-centric losses, although the issue has only been deferred for now. 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Free: See Our Top Stock And 4 Runners Up Oracle Corporation (ORCL): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report
