Trump Gets Brutal News From Republicans in Devastating Polls
Even though they won't come right out and say it, Republicans are proving increasingly unhappy with Donald Trump's trade war.
A new Reuters-Ipsos poll out Thursday indicates that three in 10 Republicans believe the president has been 'too erratic' in carrying out his economic agenda. Meanwhile, only Trump's most ardent supporters opposed the language, with three in 10 Republicans telling the pollster that they 'strongly disagreed' that Trump was too erratic.
And a CNN poll published Wednesday showed that one in five people who voted for Trump in 2024 disapproved of how the 78-year-old has implemented his tariff plan, as did 24 percent of Republican-leaning voters.
Another study by Center Forward, a nonpartisan nonprofit, found that some Trump voters felt the president was ignoring key issues such as the economy.
'What's striking is that voters from across the political spectrum—Republicans, Democrats and independents alike—are all demanding that the administration tackle inflation and rising living costs. Many feel these kitchen-table issues aren't getting the attention they deserve,' Bob Torongo, executive vice president of the Democratic research firm Breakthrough Campaigns, told The Washington Post Thursday.
Trump has admitted that his tariffs will destabilize the economy. During an interview with Fox Business's Maria Bartiromo that aired Sunday, Trump dodged a question on whether the country would dive headlong into a recession, sending stock indexes reeling.
He also floated that the 'little disruption' caused by his aggressive trade policies could go on for quite a bit longer, suggesting that Americans should model their economic projections on a 100-year-model—like China—rather than assess his performance on a quarterly basis.
The market, in turn, has tumbled as Trump's trade war sparks fears of a forthcoming recession. Last week, the Dow dropped 670 points. This week, the slump continued, reacting to Trump's 25 percent levy on all steel and aluminum imports, and the retaliatory tariffs slapped on American goods by countries around the globe in protest.
Trump further failed to assuage economic fears during a press conference at the White House on Thursday, offering no clear path forward for small businesses amid his whiplash tariff proposals.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
With 59% ownership in Robinhood Markets, Inc. (NASDAQ:HOOD), institutional investors have a lot riding on the business
Given the large stake in the stock by institutions, Robinhood Markets' stock price might be vulnerable to their trading decisions The top 25 shareholders own 47% of the company Insiders have sold recently Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of Robinhood Markets, Inc. (NASDAQ:HOOD) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 59% ownership. Put another way, the group faces the maximum upside potential (or downside risk). And last week, institutional investors ended up benefitting the most after the company hit US$64b in market cap. One-year return to shareholders is currently 245% and last week's gain was the icing on the cake. Let's take a closer look to see what the different types of shareholders can tell us about Robinhood Markets. See our latest analysis for Robinhood Markets Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Robinhood Markets does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Robinhood Markets' historic earnings and revenue below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Robinhood Markets. The Vanguard Group, Inc. is currently the largest shareholder, with 8.4% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.8% and 4.6% of the stock. Baiju Bhatt, who is the second-largest shareholder, also happens to hold the title of Top Key Executive. In addition, we found that Vladimir Tenev, the CEO has 0.8% of the shares allocated to their name. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can report that insiders do own shares in Robinhood Markets, Inc.. Insiders own US$5.4b worth of shares (at current prices). we sometimes take an interest in whether they have been buying or selling. With a 32% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Robinhood Markets. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Robinhood Markets , and understanding them should be part of your investment process. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
11 minutes ago
- Yahoo
As Trump shatters ethics norms with a Qatari jet and a $499 smartphone, experts lament Biden's ‘failure' to pass reforms
Ethics watchdogs rarely mince words about President Donald Trump. They've called him the most corrupt and conflicted president in US history. And since he returned to the White House, they've watched with horror as he privately dined with wealthy investors for his personal memecoin fund, brazenly accepted a $400 million luxury airplane from Qatar and purged inspectors general from federal agencies. Adding to their long list of gripes, the president's company announced Monday that it was launching Trump Mobile, a wireless service with monthly plans and a $499 smartphone, which would be regulated by many of the federal agencies now run by Trump appointees. That has led to soul-searching among Washington, DC's self-appointed ethics watchdogs at advocacy groups and think tanks, who are wondering how this could've been prevented. Some have championed liberal causes for years; others aren't beholden to either party but are stunned by Trump's sea-change to the ethics landscape. While they primarily hold Trump responsible for his own actions, they're increasingly concluding that former President Joe Biden also deserves some of the blame. 'The single biggest failure of the Biden administration was that he and Congress didn't pass any post-Watergate-style reforms,' said Dylan Hedtler-Gaudette, director of government affairs at the nonpartisan Project on Government Oversight. 'President Biden had zero interest in doing that, and congressional Democrats didn't have much interest.' Many of these experts, including Biden allies, say much more could've been done to get legislation across the finish line when Democrats had unified control in DC. House Democrats passed a landmark ethics and democracy bill in late 2021, but it languished. It would've banned officials from taking foreign money (as Trump has with his memecoin). It would've tightened the rules for who can serve as acting leaders at federal agencies (a loophole Trump used to install loyalists). It would've protected civil servants from being reclassified and fired (which Trump is trying to do). it would've added job protections for inspectors general (Trump summarily fired more than a dozen in January). And it would've added transparency to the pardon process (which Trump has wielded to reward allies). But one former Biden administration official faulted Trump alone. 'Blaming Biden when Trump breaches ethical norms is a prime example of the Democratic Party's problem right now,' the former Biden administration official told CNN. 'The suggestion is that the previous administration should have passed more laws? They're not following the current ones. The reality is, there is no way to Trump-proof the government.' In response to CNN's questions about Trump breaking ethics norms, White House spokesman Harrison Fields said Trump is 'restoring the integrity of the Executive Branch' and claimed Trump's administration is the 'most transparent in American history.' The Office of Government Ethics didn't respond to requests for comment about how Trump is avoiding conflicts of interests. (In February, Trump fired the Biden-appointed director of the agency, who was confirmed in December by the Senate in a party-line vote.) The Trump Organization rolled out a new ethics pledge in January. Attorneys for the company said Trump won't be involved in managing his real estate empire, that they won't pursue new deals with foreign governments, and that an outside adviser would review all major deals – including deals with foreign businesses that will be allowed to continue. Trump took these steps voluntarily, 'to avoid even the appearance of any conflict,' the lawyers wrote, even though some federal ethics laws don't apply to the president, and 'neither federal law nor the United States Constitution prohibits any President from continuing to own, operate and/or manage their businesses' while in the White House. Presidents have limited time and political capital to enact their agenda. Some outside experts said it was clear that Biden prioritized other landmark laws – on Covid-19 relief, health care, climate change, infrastructure and gun control – instead of ethics reforms. 'That should have been the low-hanging fruit for Congress and the president when there was unified control,' said Daniel Weiner of the left-leaning Brennan Center for Justice. Hedtler-Gaudette said that during strategy sessions about reforms, Biden White House officials would often say they were doing their part by 'promoting a culture of compliance' by adhering to ethics laws. 'But compliance means you're complying with the weak set of laws that are already on the books,' Hedtler-Gaudette said, 'and not improving them.' House Democrats did pass the Protecting Our Democracy Act in December 2021, but the Democratic-run Senate never took action on the legislation. (Ten Republicans would've needed to cross party lines to break a filibuster for the Senate to even consider the bill.) 'The Biden administration did not put its weight behind that, and those sorts of reforms really need the buy-in of the administration,' Weiner said. 'It should've been a priority.' A former Democratic Hill staffer, who requested anonymity to speak candidly, said ethics bills 'fell by the wayside' under Biden to make space for more pressing national needs. 'We were still in the worst parts of the pandemic. There were a lot of critical, in-your-face issues that needed to be fixed,' they said. 'We had just defeated Trump, and it was difficult for Democrats to wrap their heads around the fact that he could really come back. These ethics bills would've moved up the priority list if we had internalized that possibility.' Donald Sherman, the top lawyer at Citizens for Responsibility and Ethics in Washington, or CREW, a liberal-leaning watchdog group, said Trump has redefined what the mainstream deems acceptable. 'Government corruption isn't unique to one political party,' Sherman said. 'But Trump is singular in shifting the Overton window so far, in breaking rules that most people in government could never even imagine breaking, that it's impossible to ignore.' CREW calls itself nonpartisan and has filed ethics complaints in the past against top Democrats, including under Biden. But like many 'good government' groups, it has increasingly adopted a staunch anti-Trump posture, as he keeps pushing the limits. In that vein, CREW led the unsuccessful effort to remove Trump from the 2024 ballot based on the Constitution's 'insurrectionist ban.' These watchdog groups are looking back longingly to when Trump's power was at its nadir. Trump's approval rating tanked after the January 6, 2021, insurrection. And when Biden was sworn in, Democrats had unified control of Washington for the first time in a decade. In those early weeks of the Biden era, a bipartisan House majority voted to impeach Trump, and a bipartisan Senate majority supported the effort, though it fell short of the 67 senators needed for conviction. 'The period after January 6, in the first years of President Biden's term, was an example of a missed opportunity,' Sherman said. 'This is a glaring moment now, because the corruption of President Trump's first term has predictably escalated.'


CNN
12 minutes ago
- CNN
‘Truly chilling': Lawmaker on Minnesota shooting suspect's list speaks out
Officials say the suspect accused of shooting Democratic state lawmakers in Minnesota left behind an apparent hit list with dozens of names in his car after exchanging fire with police outside the home of one victim and fleeing the scene. CNN's John Berman speaks with Rep. Hillary Scholten (D) who was on the list.