‘Big Short' investor says US is better equipped to handle trade war with China
CNN's Laura Coates speaks with investor Steve Eisman, the trader famously profiled in 'The Big Short,' who says that the US is well equipped to handle a trade war with China.
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Black America Web
7 minutes ago
- Black America Web
Elon Musk Claims Trump's Name Is On The Epstein List, Taco Trump Threatens To End Phony Stark's Government Contracts
Source: The Washington Post / Getty / Elon Musk / Donald Trump It should come as no surprise that the bromance between these two ego maniacs would have come to a fiery end. We knew this day would come, but no one had Musk and Trump beefing with each other so soon on their bingo cards. The alleged ketamine abuser couldn't keep his disdain for Trump's 'one big beautiful bill,' calling it a 'disgusting abomination.' 'I'm sorry, but I just can't stand it anymore,' Musk began. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.' Trump was uncharacteristically quiet following Musk's initial comments about his legislative centerpiece of his second presidency, the 'one big beautiful bill.' That all changed when Trump finally 'clapped back' at Musk while taking questions during his meeting with German Chancellor Friedrich Merz. Trump said he was 'very surprised' and 'disappointed' by his former financier's comments about his stupid bill, claiming the Tesla chief saw the bill and understood its inner workings better than anybody, while suggesting that Musk was mad because of the removal of subsidies and mandates for electric vehicles. Elon Musk Had Time For Donald Trump Musk responded in real time via his 'former platform,' X, formerly Twitter, with a flurry of posts on X accusing Trump of 'ingratitude' and 'Without me, Trump would have lost the election,' while refuting the orange menace's claims. 'Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,' Musk wrote. Oh, and he wasn't done. Musk then hit the president with a low blow, writing, 'Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' Donald Trump Claps Back Trump finally fired back on his platform, Truth Social, by threatening to cut Musk's government contracts. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it.' Felon 47 wrote. Musk replied by threatening to decommission SpaceX's Dragon spacecraft, which could be detrimental to the International Space Station and NASA, as it is described as 'the only spacecraft currently flying that is capable of returning significant amounts of cargo to Earth' and can seat seven passengers. Musk also agreed with a post stating that Trump should be impeached and replaced by JD Vance. Oh, this is getting spicy. While all of this was going on, CNN reports that Tesla stocks took a hit and Musk's net worth shrank. Per CNN : Tesla shares plummeted 15% this afternoon as Elon Musk's battle with President Donald Trump intensified. Trump threatened in a social media post to target Musk's business empire. 'The easiest way to save money in our Budget, Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' Trump wrote on Truth Social. The Tesla selloff has wiped off more than $150 billion off the market value of Telsa, which started the day worth nearly $1.1 trillion. It has also erased a chunk off the net worth of Musk, the world's richest person. Social media has pulled up all the seats, grabbed some popcorn and are currently watching Musk go at with Trump and his supporters, you can see those reactions in the gallery below. Elon Musk Claims Trump's Name Is On The Epstein List, Taco Trump Threatens To End Phony Stark's Government Contracts was originally published on Black America Web Featured Video CLOSE
Yahoo
22 minutes ago
- Yahoo
Trump Floats Drug Habit as Reason for Messy Musk Breakup
President Donald Trump wants to know whether his nuclear blowup with Elon Musk might be related to the SpaceX founder's alleged drug use. According to CNN, Trump has questioned some of his aides and advisers about the former administration fixture's reported drug habit, which was detailed in an explosive New York Times story last Friday. Publicly, however, Trump has declined to wade into the issue—at least officially. 'I don't want to comment on his drug use,' the president told reporters aboard Air Force One on Friday night. 'I don't know what his status is.' Trump also claimed that he hasn't even been thinking about Musk. 'Honestly, I've been so busy working on China, working on Russia, working on Iran, working on so many things—I'm not thinking about Elon,' he said, adding that he didn't have any plans to speak with Musk, either. Musk had already admitted to using ketamine, but the Times claimed his usage during the 2024 presidential campaign was more intense than previously known. His ketamine habit had been harming his bladder, the report said, and Musk would frequently use ecstasy, Adderall, and mushrooms as well. It's unclear if this continued once he became the de facto head of the so-called Department of Government Efficiency in January. In that role, Musk at times appeared to act erratically, like when he gave a salute that many said was a Sieg Heil. On CNN Friday night, tech journalist Kara Swisher said that the Trump camp is floating the drug topic to 'warm' Musk to put a stop to his Trump-bashing. 'You better keep it quiet or else we have things we could do,' she imagined them saying. 'But the problem is this is a guy who doesn't care obviously that much,' she said of the world's richest person, who initially lashed out at the GOP tax bill, but then escalated things dramatically by essentially calling Trump a pedophile. 'Now, he certainly has a lot of government contracts and other things that he has to pay attention to, especially shareholders,' Swisher added. 'But he is not someone that is easily scared, I think. We'll see. I mean, he may think it's smart to stop fighting with Donald Trump. It probably is a good idea for Donald Trump to stop fighting with Elon Musk, too, because no one's going to win in this particular fight."
Newsweek
an hour ago
- Newsweek
The Bulletin June 5, 2025
The rundown: President Trump has reinstated and expanded a travel ban targeting citizens from 12 countries, citing national security concerns following a recent terror attack in Boulder, Colorado. Get more details. Why it matters: On June 1, Soliman, a 45-year-old Egyptian national, carried out a firebombing attack at a pro-Israel rally in Boulder, injuring 12 people. Soliman, who had overstayed his visa, used Molotov cocktails and a makeshift flamethrower during the assault. Trump announced a reinstated ban would prohibit entry for citizens from 12 countries; Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. However, the country of origin of the attacker—Egypt—is notably absent from the list, raising questions about the ban's effectiveness and underlying motivations. The National Iranian American Council told Newsweek the move would "not make America safer." When asked why Egypt was left of the list, Republican Senator Markwayne Mullin of Oklahoma told CNN that the order was being considered before the Boulder terrorist attack. Read more in-depth coverage: Trump's Travel Ban: Exceptions Travellers Need to Know TL/DR: The omission of Egypt, the home country of the Boulder attacker, Mohamed Sabry Soliman, suggests potential inconsistencies in the policy's application. What happens now? Legal challenges to the travel ban are anticipated, with opponents likely to question its consistency and potential discriminatory impact. Deeper reading Donald Trump's Travel Ban Surprisingly Omits One Country
