Trump Responds to Elon Musk Big Bill Criticism
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
🎙️ Voice is AI-generated. Inconsistencies may occur.
President Donald Trump has responded to his ally Elon Musk's blistering criticism of his "big, beautiful bill."
Musk has called the bill "outrageous" and "pork-filled" and attacked Republicans for supporting it.
On Wednesday, in the Oval Office, Trump said that he'd rather Musk "criticize me than criticize the bill."
This is a breaking news story, updates to follow.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Stock Market News for Jun 5, 2025
U.S. stocks ended mostly lower on Wednesday after data showed private sector payrolls hit a two-year low, suggesting that a lack of clarity over President Donald Trump's trade policies could weigh on the nation's economy. The S&P ended nearly flat, while the Dow slipped. However, the Nasdaq ended in positive territory. The Dow Jones Industrial Average (DJI) slid 0.2% or 91.90 points, to close at 42,427.74 points. The S&P 500 added 0.01% or 0.44 points to finish at 5,970.81 points. Utilities and energy stocks were the worst performers. The Utilities Select Sector SPDR (XLU) fell 1.8%, while the Energy Select Sector SPDR (XLE) declined 2%. The Financials Select Sector SPDR (XLF) lost 0.6%. Six of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq rose 0.3%, or 61.53 points, to end at 19,460.49 points. The fear-gauge CBOE Volatility Index (VIX) was down 0.45% to 17.61. Advancers outnumbered decliners on the NYSE by a 1.3-to-1 ratio. On Nasdaq, a 1.18-to-1 ratio favored advancing issues. A total of 14.5 billion shares were traded on Wednesday, lower than the last 20-session average of 17.8 billion. The Dow snapped its four-day winning streak, while the S&P 500 struggled on Wednesday as disappointing jobs data raised concerns over the economy's health. According to a report from payrolls processing company Automatic Data Processing, Inc. (ADP), the economy added only 37,000 private jobs in May, less than the downwardly revised 60,000 jobs in April and sharply lower than the consensus estimate of 110,000. Trump slammed Federal Reserve Chairman Jerome Powell moments after the figures were out, saying, 'Too Late, Powell,' as he called for immediate interest rate cuts. Investors also focused on trade negotiations between the United States and its trading partners. Trump and the Chinese President are scheduled to talk sometime this week as tensions cease to ease between the world's two biggest economies. The lack of clarity over Trump's upcoming tariff policies has raised concerns among investors. Stocks have rebounded over the past month, and investors are still confident that there will be a positive outcome from the ongoing trade negotiations between the United States and its trading partners. Meanwhile, shares of Tesla, Inc. (TSLA) declined 3.6% after the electric carmaker's sales fell for the fifth straight month in European markets. Also, shares of Dollar Tree, Inc. (DLTR) tumbled 8.4% after the retailer said that its second-quarter adjusted profit could plummet as much as 50% owing to the tariff-fueled volatility. Dollar Tree has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In other economic data released on Wednesday, the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) fell to 49.9 in May from April's reading of 51.6. This is the first time the services sector has declined in nearly a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Republicans urge Donald Trump and Elon Musk to end their feud
WASHINGTON (AP) — As the Republican Party braces for aftershocks from President Donald Trump's spectacular clash with Elon Musk, lawmakers and conservative figures are urging détente, fearful of the potential consequences from a prolonged feud. At a minimum, the explosion of animosity between the two powerful men could complicate the path forward for Republicans' massive tax and border spending legislation that has been promoted by Trump but assailed by Musk. 'I hope it doesn't distract us from getting the job done that we need to,' said Rep. Dan Newhouse, a Republican from Washington state. "I think that it will boil over and they'll mend fences.' As of Friday afternoon, Musk was holding his fire, posting about his various companies on social media rather than torching the president. Trump departed the White House for his golf club in Bedminster, New Jersey, without stopping to talk to reporters who shouted questions about his battle with Musk. 'I hope that both of them come back together because when the two of them are working together, we'll get a lot more done for America than when they're at cross purposes,' Sen. Ted Cruz, a Texas Republican, told Fox News host Sean Hannity on Thursday night. Sen. Mike Lee, a Republican from Utah, sounded almost pained on social media as Trump and Musk volleyed insults at each other, sharing a photo composite of the two men and writing, "But … I really like both of them.' 'Who else really wants @elonmusk and @realDonaldTrump to reconcile?' Lee posted, later adding: 'Repost if you agree that the world is a better place with the Trump-Musk bromance fully intact.' So far, the feud between Trump and Musk is probably best described as a moving target, with plenty of opportunities for escalation or detente. One person familiar with the president's thinking said Musk wants to speak with Trump, but that the president doesn't want to do it – or at least do it on Friday. The person requested anonymity to disclose private matters. In a series of conversations with television anchors Friday morning, Trump showed no interest in burying the hatchet. Asked on ABC News about reports of a potential call between him and Musk, the president responded: 'You mean the man who has lost his mind?' Trump added in the ABC interview that he was 'not particularly' interested in talking to Musk at the moment. Still, others remained hopeful that it all would blow over. 'I grew up playing hockey and there wasn't a single day that we played hockey or basketball or football or baseball, whatever we were playing, where we didn't fight. And then we'd fight, then we'd become friends again,' Hannity said on his show Thursday night. Acknowledging that it 'got personal very quick,' Hannity nonetheless added that the rift was 'just a major policy difference.' House Speaker Mike Johnson projected confidence that the dispute would not affect prospects for the tax and border bill. 'Members are not shaken at all,' the Louisiana Republican said. 'We're going to pass this legislation on our deadline.' He added that he hopes Musk and Trump reconcile, saying 'I believe in redemption' and 'it's good for the party and the country if all that's worked out.' But he also had something of a warning for the billionaire entrepreneur. 'I'll tell you what, do not doubt and do not second-guess and don't ever challenge the president of the United States, Donald Trump,' Johnson said. "He is the leader of the party. He's the most consequential political figure of this generation and probably the modern era.' — Associated Press writers Leah Askarinam and Kevin Freking contributed to this report. Seung Min Kim And Chris Megerian, The Associated Press
CNN
27 minutes ago
- CNN
Kilmar Abrego Garcia Returned To U.S. & Facing Criminal Charges - Anderson Cooper 360 - Podcast on CNN Audio
Kilmar Abrego Garcia Returned To U.S. & Facing Criminal Charges Anderson Cooper 360 47 mins The man mistakenly deported to an El Salvadorian prison has been returned to the United States and indicted. We are now learning the prosecutor in charge has resigned over it. Plus, what Elon Musk and Donald Trump are saying now about their breakup. Also, a look at how Musk's insinuation about the President and sex offender Jeffrey Epstein is landing with the MAGA faithful.
