Trump's media company has teamed up with one of his favorite propaganda outlets
As The Wrap reports:
Trump Media, which operates the social media platform Truth Social used heavily by Donald Trump, launched Truth+ globally on Monday, with the flagship Newsmax channel available to stream on the platform. Trump Media describes the platform's focus as 'family-friendly live TV channels and on-demand content.'
Trump Media's CEO is former Rep. Devin Nunes of California, a MAGA loyalist.
'There is clearly a need globally for fresh perspectives on the great issues of our day, and we're laying the groundwork to challenge the woke news monolith with hard-hitting, non-woke reporting and commentary,' Nunes said in a statement.
That appears to be MAGA-speak for 'we're going to be peddling far-right propaganda worldwide.'
This means the president is now financially intertwined with a propaganda platform he frequently welcomes into the White House briefing room — an outlet embroiled in a legal fight over falsehoods it aired regarding the 2020 election. And earlier this year, Newsmax and MAGA-friendly outlet The Blaze were granted entry to the White House press pool, in place of HuffPost and Reuters, as part of what appeared to be an effort to add more Trump-aligned outlets.
It's the type of seemingly corrupt setup one imagines Hungary's illiberal leader, Viktor Orbán, dreaming of back in 2022, when he advised Republicans that having their 'own media' was essential for combating liberals and constructing a society like his, which Orbán has called an 'illiberal democracy.'
It's possible that Truth+ goes the way of Truth Social and boasts only a meager base of users. But the effectiveness of the streaming platform (or lack thereof) is arguably less disturbing than the fundamental intent, which appears to be to build up the president's propagandistic media empire.
Trump's continued ownership of a private media company he relies on to help spread propaganda should arguably be a scandal in and of itself. And his official, for-profit partnership with a news outlet that reports on him only adds another layer of controversy.
This article was originally published on MSNBC.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
10 minutes ago
- CNBC
Gold ekes out gain as focus turns to US tariff negotiations
Gold prices rose on Wednesday as investors digested data showing an increase in U.S. consumer prices last month and waited for further clarity on U.S. President Donald Trump's trade policy. Spot gold was up 0.4% at $3,334.12 per ounce, as of 0401 GMT. U.S. gold futures edged 0.1% higher to $3,340.90. "Gold at this moment is consolidating with a slight downward bias, especially with a stronger dollar," said Brian Lan, managing director at GoldSilver Central, Singapore. "However, many countries are still negotiating with the U.S. on the tariffs. There are still a lot of uncertainties in the market and many are looking for safe havens." Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1. However, Trump said on Monday he was open to further negotiations. U.S. consumer prices increased in June by the most in five months amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. Following the data, Trump said that consumer prices were low and the Fed should bring down interest rates now. The U.S. central bank will probably need to leave rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs, Dallas Fed Bank President Lorie Logan said. Gold, often considered a safe haven during times of economic uncertainties, tends to do well in a low-interest-rate environment. Market focus now shifts to the U.S. Producer Price Index data due at 1230 GMT on Wednesday for more cues. Keeping gold's gains in check, the dollar and benchmark U.S. 10-year Treasury yields held near multi-week highs. Elsewhere, spot silver gained 0.3% to $37.82 per ounce. Platinum rose 0.2% to $1,379.46 and palladium climbed 0.4% to $1,210.66.


CNBC
10 minutes ago
- CNBC
Oil prices gain on demand expectations amid improving economy
Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, at $66.92. That reversed two days of declines as the market downplayed the potential for supply disruptions after U.S. President Donald Trump threatened tariffs on purchases of Russian oil. Prices have seesawed in a fairly tight range as signs of steady demand from an increase in travel during the Northern Hemisphere summer has competed with concerns U.S. tariffs on its trading partners will slow economic growth and fuel consumption. However, major oil producers are pointing to improvement in economic growth for the second half of the year and Chinese data showed growth there remained consistent. "Strong seasonal demand is currently providing upward momentum to oil prices, as summer travel and industrial activity peak," LSEG analysts said in a note. "Increased gasoline consumption - especially in the U.S. during the Fourth of July holiday period - has signaled robust fuel demand, helping offset bearish pressures from rising inventories and tariff concerns." China data showed growth slowed in the second quarter, but not by as much as previously feared, in part because of frontloading to beat U.S. tariffs. That eased some concerns about the economy of the world's largest crude importer. The data also showed that China's crude oil throughput in June jumped 8.5% from a year earlier, indicating stronger fuel demand. That was the highest since September 2023, as state-owned refineries increased operations and saw a recovery in profit, consultants said. Additionally, the Organization of Petroleum Exporting Countries (OPEC) forecast in a monthly report on Tuesday that the global economy would do better in the second half of the year, boosting the oil demand outlook. India, China and Brazil are outperforming expectations while the U.S. and EU are recovering from last year, the report said.


Bloomberg
19 minutes ago
- Bloomberg
The FICO Monopoly Is Living on Borrowed Time
Few companies achieve the ultimate branding victory of seeing their name enter everyday language. In finance, one company is up there, joining Google, Xerox and Hoover on this hallowed list. When Americans talk about their 'FICO score' they're referencing a specific product from a specific company, yet the term has become synonymous with creditworthiness itself. That linguistic dominance reflects the market dominance of Fair Isaac Corp. (whose ticker symbol is, of course, FICO). The Bozeman, Montana-based company's credit scores are used by 90% of top lenders, making the company's algorithm the de facto gatekeeper for American consumer finance. The company has monetized this algorithmic moat for decades, turning what began as a consulting firm in 1950s California into a financial-technology powerhouse. Its shares have averaged an annual gain of more than 30% since the crash of 2008, trouncing even the Nasdaq 100, home of the fabled FAANG stocks. That run came to a sudden halt last week. Under new Director Bill Pulte, the Federal Housing Finance Agency moved to allow mortgage lenders to use a competitor's model, VantageScore 4.0, alongside FICO when originating loans for Fannie Mae and Freddie Mac. 'If you use Vantage and not just FICO, for the betterment of the American people and the consumer, you should get better pricing,' posted Pulte. 'It's just math. Predictive math.'