A 'Disgusting Abomination' - CNN This Morning with Audie Cornish - Podcast on CNN Audio
A 'Disgusting Abomination' CNN This Morning 47 mins
Elon Musk burned bridges on his way out the White House door, calling the president's agenda a "disgusting abomination." Could his criticism influence some Senate Republicans to vote no? Plus, is the president having buyer's remorse about his picks for the Supreme Court? Also: Household debt is steadily creeping up. Is this a red flag for the economy?
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Forbes
16 minutes ago
- Forbes
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.
Newsweek
18 minutes ago
- Newsweek
Stop Posting, and Start Legislating—A Message to the GOP from Gen Z
We remember. We remember the Paul Ryan years. We remember the lofty promises, the press conferences with tax cut charts, the selfies with Trump in the Roosevelt Room. And we remember the disappointment—because when Republicans controlled the House, Senate, and White House, barely anything bold got done. The border wasn't secured. Obamacare wasn't repealed. The swamp wasn't drained. The only thing that moved quickly was the clock—and opportunity slipped away. The bills stalled. The hearings dragged. The excuses piled up. And in the end, the status quo won. Again. A Make America Great Again (MAGA) baseball hat supporting President Donald Trump is pictured. A Make America Great Again (MAGA) baseball hat supporting President Donald Trump is here we are again. President Donald Trump is back in the Oval Office. Conservatives have momentum. The political stars are aligned like they haven't been in years. And yet? The same old D.C. inertia is setting in. Congress is snoozing through a once-in-a-generation opportunity to deliver real change. There's no sense of urgency. No fire. No strategy. Just more performative politics as usual. The difference is: this time, we're paying attention. Gen Z conservatives didn't get off the couch and show up to the ballot box to watch history repeat itself. We're tired of politicians who post more than they produce. House and Senate Republicans—stop acting like influencers and start acting like lawmakers. You don't get to post selfies with Elon Musk or tweet your appreciation to DOGE if you won't even codify basic spending cuts like the DOGE Act. You can't coast on vibes while the country's on fire. You were sent to legislate, not livestream. You weren't elected to trend on X—you were elected to fix what's broken. Brilyn Hollyhand and President Donald Trump are pictured at the University of Alabama on May 1, 2025. Brilyn Hollyhand and President Donald Trump are pictured at the University of Alabama on May 1, 2025. Photo Courtesy of the White House Despite facing one of the most pivotal moments in modern political history, Congress still isn't working full weeks. Many lawmakers fly in Tuesday afternoon and are wheels-up by Thursday. Three-day workweeks in the middle of a national crisis? That's not leadership—that's laziness. Meanwhile, families across America are grinding five, six, even seven days a week just to stay afloat. Blue-collar workers don't get to call it a week by Wednesday night. Neither should the people writing our laws. If our representatives can't even put in a full week's work during a make-or-break presidency, maybe they don't deserve the job. I will never forget my first ever dinner with a U.S. senator. It was my 12th birthday, and we were in D.C., eating downtown after I had recorded some episodes of my podcast on Capitol Hill. He leaned across the table to me and said, "Brilyn, the first thing you're going to learn in this business is that in politics there are work horses and show horses. The work horses bring home the pork for the state that sent them there. The show horses run to the TV cameras. Be a work horse, and only join a cable show when you have an accomplishment to tout." That stuck with me—and I'm reminded of it right now more than ever. Because D.C. is overflowing with show horses. They gallop into every hearing, prance onto every panel, and leave before the hard work begins. This isn't just about optics. This is about outcomes. Republicans were given a second chance to do what they promised the first time. It's not enough to give speeches about the border. Close it. It's not enough to post videos in front of the IRS. Defund it. It's not enough to warn about weaponized government. Dismantle it. This is the moment to act, not admire the problem. Stop playacting reform—deliver it. The base isn't looking for another firebrand quote; we're looking for a signed bill. We're not asking for the moon—we're demanding that you work. Get off the couch. Get off cable news. And get legislation on the president's desk. Defund the weaponized bureaucracy. Close the border. Cut the waste. Stop acting like your job is to coast to retirement and start acting like your job is to represent us. If you need inspiration, look outside the Beltway—real Americans are hustling every day without fanfare. Why can't Congress? Gen Z is watching. And we have receipts. We're the most online, most informed, and most fed-up generation to ever engage in politics. We can see through the talking points. We recognize when someone's all flash and no follow-through. And we're not afraid to call it out—publicly, loudly, and often. You can't gaslight us with headlines. You can't distract us with Instagram posts. We see the floor schedule. We track the votes. We know the difference between working and pretending. If the GOP wastes another Trump term, it won't just be a policy failure—it'll be a generational betrayal. My generation won't forget. We didn't come this far just to watch you do nothing, again. We showed up because we believe in a different future—one that isn't dictated by lobbyists, legacy institutions, and leadership that loves the camera more than the country. Clock in, Congress. Or clock out—and make room for someone who will. Brilyn Hollyhand is an 18-year-old political commentator, chairman of the Republican National Committee's Youth Advisory Council, and bestselling author of One Generation Away: Why Now is the Time to Restore American Freedom. For more of his hot takes you can follow him on socials @BrilynHollyhand or visit The views expressed in this article are the writer's own.
Boston Globe
23 minutes ago
- Boston Globe
‘Bottle bill' battle intensifies as R.I. legislative session enters home stretch
Bottles placed in recycling bins end up being crushed and spread on the Central Landfill, leaving Rhode Island with a 'despicable' 17 percent recycling rate, she said. 'That's pathetic for a state like us, the Ocean State,' McEntee said. 'Something needs to change drastically.' But that's where the disagreement begins. McEntee and Senator Mark P. McKenney have introduced Advertisement 'I think all of us here today are sick and tired of seeing our communities littered with drink bottles, liquor nips, and other pieces of the trash,' McEntee said. " It's long overdue that Rhode Island enters the modern age of waste disposal and reuse by combining the proven and successful strategies of a bottle bill program." Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up But the Greater Providence of Chamber of Commerce and other business groups are waging a high-profile 'Our members support increasing the state's recycling rate but not by imposing a financial burden on local businesses and consumers,' the Rhode Island Business Coalition said in written testimony. 'By adding a 10-cent fee to nearly every beverage sold in the state, these proposals would raise prices for retailers working to keep their shelves stocked — and for families simply trying to afford everyday essentials like bottled water and soft drinks." Related : Advertisement Bottle bills have been introduced off and on in Rhode Island since the early 1980s, but they have run into stiff opposition from the national beverage companies and local retailers. The most recent push began in 2023. McEntee, a South Kingstown Democrat, and McKenney, a Warwick Democrat, co-chaired a special legislative commission that delved into the issue for 18 months. Jed Thorp, director of advocacy for the environmental group Save the Bay, said the commission held 13 meetings, and the House and Senate have had about 15 hours of committee hearings on the topic. 'Every person in the state who's wanted to weigh in on this has been heard,' he said. 'At this point, it is time to vote on this bill. It is time to get this done.' Thorp said the study commission heard from experts from across the country. 'Through all of those hearings, it has become clear that yes, bottle bills work,' he said. 'Bottle bills we know are effective at both reducing litter and improving recycling.' Thorp said advocates listened to opponents who said they support bottle bills if they are crafted in the right way. For example, retailers said they did not want to have to take back the empty containers. So the bill would require a producer responsibility organization to instead create a system that might involve 'bag-drop programs' or 'reverse vending machines,' he said. But on Wednesday, a coalition of 73 small business owners signed onto a letter urging Governor Daniel J. McKee, House Speaker K. Joseph Shekarchi, and Senate President Valarie J. Lawson to reject the 'bottle bill.' Advertisement 'This legislation will raise costs for businesses and Rhode Island families at a time when many are already struggling with high prices due to inflation,' the coalition said. 'The cost of living and doing business in Rhode Island keeps going up, and this legislation would make matters worse.' The coalition includes businesses such as Eastside Mart in Providence, Iggy's Food Mart in Warren, Ollie's Pub in Warwick, and Sam's Food Store Woonsocket. While 10 cents per container may not sound like much, a 12-pack of soda would cost an extra $1.20, the coalition said. 'Rhode Island consumers and businesses cannot afford a bottle tax,' the letter stated. Both McEntee and McKenney disputed the idea that the 10-cent deposit amounts to a tax. 'This isn't a bottle tax,' McKenney said. 'I've been paying taxes for years, and I've never gotten all my money back. With this — real easy — you return the bottles, you get the money back." Ten states have bottle bills, including 'It's not like this is reinventing a wheel,' McKenney said. 'This is done in many states. My gosh, in Europe it's done in countries left and right.' Sam Tracy, director of legislative affairs for the CLYNK bottle recycling company, spoke at Thursday's news conference, saying the company's technology is used in five of the 10 bottle bill states. He said he also was representing a coalition of businesses that support legislation combining a 'bottle bill' with extended producer responsibility. That coalition includes Poland Spring, Guinness, and Red Bull, as well as local businesses like the Hot Club, and Frog & Toad, both in Providence. Advertisement With the 2025 legislative session entering its final weeks, the fate of the 'bottle bill' hangs in the balance. So what do legislative leaders have to say? Lawson, who is a cosponsor of the Shekarchi also issued a statement Friday, saying he appreciates the legislative commission's work during the past the past two sessions. 'I am reviewing all the options, looking at what other states are doing, and talking with the Senate,' Shekarchi said. 'I am fortunate to be receiving advice and guidance on this issue from former DEM Director Janet Coit, and will continue to consider the options.' Edward Fitzpatrick can be reached at
