logo
The Memo: Trump Cabinet, facing sinking polls, lashes out at media

The Memo: Trump Cabinet, facing sinking polls, lashes out at media

The Hill01-05-2025

President Trump's Cabinet members sharpened their attacks on the media Wednesday, as the administration grappled with falling poll numbers.
A plethora of polls have been released to coincide with Trump hitting the 100-day mark in his second term — and they overwhelmingly show the president losing altitude.
A new poll released Wednesday by Decision Desk HQ (DDHQ), The Hill's polling partner, found Trump 12 points underwater on job approval. Only 44 percent of Americans approved of his performance so far, while 56 percent disapproved.
Especially striking was his poor performance with independents, who disapproved of his job performance by more than 2-to-1, 68 percent to 32 percent.
In the DDHQ polling average, which aggregates surveys from reputable pollsters, Trump is 9 points into negative territory. The share of Americans disapproving of him has climbed 14 points since his inauguration, from 39 percent to 53 percent.
The broad reasons for the decline are plain to see.
Trump's tariff policies have sparked serious volatility on the financial markets and appear to be feeding into broader economic worries.
Economic experts are predicting an increase in inflationary pressure, the chances of a recession appear to be rising — the economy contracted in the first quarter, according to new data out Wednesday — and retailers are expressing concern about empty shelves.
Trump has also suffered some controversies that have raised concerns beyond just the ranks of his usual critics. The most notable was the inadvertent inclusion of a journalist on a group chat where the most senior members of his administration were discussing an imminent attack on Yemen's Houthis.
Given all of that, it was telling that so many members of Trump's Cabinet used their remarks before the press on Wednesday to do two things — pay extravagant tribute to the president and insist that he was being wronged by the media.
Vice President Vance contended the media should be giving more coverage to successful military recruitment efforts than to the controversy over the deportation of Kilmar Abrego Garcia.
Vance also insisted 'the reason the media attacks this administration as chaotic is because the president is solving the problems the American people set about to solve.'
Attorney General Pam Bondi referred to fentanyl seizures during the administration. She then turned to reporters and said those actions had 'saved — are you ready for this, media? — 258 million lives.'
It's not clear how Bondi arrived at that figure, which amounts to roughly 75 percent of the American population.
Tulsi Gabbard, the director of national intelligence, for her part emphasized investigations into leaks to the media.
Homeland Security Secretary Kristi Noem contended the 'fake news' had been unfairly stating that Trump had been deporting fewer people than former President Biden. Noem added, 'They're letting the Biden administration get away with manipulating and cooking the books.'
NBC News reported in March the Trump administration deported fewer people in February than the Biden administration did in February 2024, citing Immigration and Customs Enforcement data.
However, NBC also acknowledged in the second paragraph of its story that 'one major reason for the higher numbers under the Biden administration was higher traffic from attempted border crossings, both legal and illegal, in 2024 compared to 2025.'
Trump apportions some blame for many things — including inflation, egg prices, the situation in Gaza and the war in Ukraine — to Biden.
On Wednesday, he sought to pin the stock market's faltering performance on his predecessor, saying in a morning Truth Social post, 'This is Biden's Stock Market, not Trump's.'
He added that a 'boom … will take a while, has NOTHING TO DO WITH TARIFFS.'
It's impossible for any fair-minded analysis to concur with that assessment. The major stock indices cratered immediately after Trump's 'Liberation Day' tariff announcement on April 2, and only began a semi-sustained recovery a week later, when he announced a 90-day suspension for many of the tariffs he had pledged to impose.
In addition, there are troublesome signs in the broader economy. The Wednesday data from the Commerce Department that showed GDP shrinking by an annualized rate of 0.3 percent in the first quarter is just one example.
Part of the reason for that figure was a rush of imported goods in advance of the imposition of tariffs.
But The Wall Street Journal noted the data also showed 'consumer spending, the economy's main engine, rose at a 1.8 percent pace in the first quarter, the smallest increase since mid-2023.'
The sputtering economy carries serious political risks for Trump because it can affect him detrimentally with the small sliver of voters in the center ground.
Trump retains a fervent base and also draws equally intense opposition from millions of Americans.
But economic competency — or the lack of it — poses a danger for him with 'soft' supporters who may have voted for him with reluctance. Even assuming he does not try to run for office a third time — an unconstitutional option with which he and allies have nevertheless toyed at times — a loss of support among those centrist voters could cause GOP lawmakers to distance themselves from him, complicating his legislative agenda.
At a more basic level, Trump — ever concerned with his image and averse to any defeats — would simply dislike his approval rating to fall further.
The 'attack the media' gambit seems likely to reassure Trump's base but to have more modest appeal with the voters he is losing.
Americans have listened to Trump's attacks on reporters for roughly a decade now.
Despite the media's own low levels of trust, members of the public who are tightening their spending or feeling the beginnings of an economic chill are likely to feel at least some frustration toward the president.
Even the chorus of media criticism around the Cabinet table seems unlikely to change that.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BofA Raises Zscaler's (ZS) PT to $340 Amid Rising Platform Adoption
BofA Raises Zscaler's (ZS) PT to $340 Amid Rising Platform Adoption

Yahoo

time24 minutes ago

  • Yahoo

BofA Raises Zscaler's (ZS) PT to $340 Amid Rising Platform Adoption

Zscaler Inc. (NASDAQ:ZS) is one of the 10 best growth stocks to buy according to billionaires. On June 9, Bank of America analyst Tal Liani raised his price target on Zscaler to $340 from $285, while maintaining a Buy rating, following the company's CEO, Jay Chaudhry's, presentation at the Bank of America's 2025 Global Technology Conference (GTC). The analyst highlighted sustained customer demand and increasing platform adoption as key factors contributing to the higher valuation. A computer engineer analyzing a server network for cyber security threats. On June 5, management highlighted several positive trends during the GTC event. In the last quarter, over 70% of new annual contract value (ACV) came from upselling to existing clients, while new logo ACV grew 40% year-over-year. Zscaler Inc. (NASDAQ:ZS) is expanding its reach beyond core secure web gateway services, with strong traction in data security and Agentic operations now representing nearly $1 billion in annual recurring revenue (ARR). Notably, data security alone accounted for $350 million in ARR last quarter. Its recent acquisition of Airgap Networks highlights a deeper investment in cybersecurity advancements. While competition and pricing pressure remain, Zscaler's product differentiation and focus on efficiency appear to be supporting its growth outlook. In Liani's view, rising demand for Zero Trust solutions justifies a higher multiple, primarily as Zscaler executes well on both innovation and customer expansion. Zscaler Inc. (NASDAQ:ZS) is a provider of cloud-based cybersecurity solutions. Its Zero Trust architecture ensures secure connections between users, devices, and applications, regardless of location. While we acknowledge the potential of ZS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

LA's immigrant street vendors fear ICE raids but are still slinging tacos
LA's immigrant street vendors fear ICE raids but are still slinging tacos

Business Insider

time24 minutes ago

  • Business Insider

LA's immigrant street vendors fear ICE raids but are still slinging tacos

Immigrant street vendors were out selling tacos and crêpes in Los Angeles during ICE raids and protests. Their customers, many undocumented, were afraid to leave their homes to patronize the businesses. Despite legal work permits, vendors said they felt insecure, facing financial and emotional challenges. The normally bustling streets of Little Tokyo in downtown Los Angeles were quiet except for the commotion of sirens and gusty helicopters. Loud bangs punctuated the night, but LA's street vendors were still slinging tacos and crêpes to the few pedestrians who had ventured out. It was the evening of Monday, June 9, the week that the LA Times reported that Immigration and Customs Enforcement detained several hundred immigrants in Southern California. In response, the streets of downtown had been embroiled in four consecutive days of uproar. From the taco stand where Celeste Sughey works as a cashier, we could hear protesters and law enforcement clashing. Sughey and her co-workers have continued to sell food despite the risk of being undocumented because their families depend on the paychecks. "This is our only job, this is how we get to survive," Sughey said. She asked that the business not be named out of fear that it could be targeted by federal law enforcement. Two other vendors I spoke to said they had work authorization in the US but aren't citizens. They feared being swept up in what they see as indiscriminate arrests targeting Latino workers. "If you are present in the United States illegally, you will be deported," Abigail Jackson, a spokesperson for the White House, wrote in an email to Business Insider. "This is the promise President Trump made to the American people that the administration is committed to keeping it." The White House and ICE did not confirm with Business Insider the number of people detained or whether warrants had been issued in all instances. All the street vendors I spoke to said they've lost money, estimating that business has dropped by 75% because customers were avoiding ICE raids and the protests. The city hadn't announced the 8 p.m. curfew yet, but with all the ruckus, Sughey's taco stand would be closing that evening before 9 p.m. instead of the usual 2 a.m. At the time, she was hopeful that the raids and protests would die down. "Hopefully, this is just for a little bit and then it goes away," she said. A week later, the curfew in downtown had ended, but a sense of unease still lingers in the atypically quiet district. Business is slow, tensions are high, and vendors' families need the paychecks Less than 5 miles away, another immigrant neighborhood had slowed down as well. Benny Moreno, 52, operates El Patrón, a family-owned business that makes Mexican favorites like tacos, tortas, sopes, and burritos in Koreatown. The area is one of LA's most densely populated neighborhoods, known for its Korean American and Oaxacan communities. Since the ICE arrests ramped up in LA County, Moreno said he's noticed a dramatic drop in foot traffic, unlike anything he's witnessed in his 12 years of running his business. "Most of my people, they're Latinos, we don't have papers," Moreno said of his undocumented customers on the evening of Wednesday, June 11. "My support comes from them," he said. "They come to my taco truck and they buy my food, and now they don't want to spend money because they are not even working right now because they are scared." Denise, a regular at Moreno's truck who works in a dental office downtown, said there's usually a long line. From 9 p.m. to 10 p.m. I saw two paying customers stop by. "This is the worst I've ever seen," said the 33-year-old US citizen. Denise was ordering steak fries and tacos for her family, including her parents, who are undocumented and have been too afraid to leave the house. Denise, whose mom emigrated from Vera Cruz, Mexico, like Moreno, came out to support his business. Members of Moreno's indigenous Zapotec community were detained during ICE sweeps in the fashion district the previous Friday, Denise said. "We were just getting back up from COVID," Denise said of the street vendors. "It feels like we're getting shut down all over again. It's very hard." The slowdown is hurting Moreno's bottom line. He said he pays around $2,000 a month to rent his truck and maintain a permit to park on the streets. "I'm worried because my bill is too high," Moreno said, adding that he has no choice but to continue his late-night operation from 7 p.m. to 2 a.m. to support his wife and two kids. "I'm working hard to support my family to pay my bills and my rent." Claudia Antonio and Abel Pacheco are in a similar position. They started selling $12 crêpes last fall to set themselves apart from street vendors who serve traditional Mexican food. The couple said their business, La Chinantla, used to pull in about $200 a night; recently, it's been as low as $60 a night in Koreatown. "We get prepared, we have to throw it away because it won't be good for the next day," Antonio said of having to dispose of fresh fruit because of low sales. The Oaxacan immigrants, who have three children, live in subsidized housing in downtown Los Angeles, paying a little over $1,000 a month for a three-bedroom apartment. "We're barely surviving," Antonio said. Selling on the street, she said, varies so much day to day, it's hard to make a consistent income. "Now the rent is coming up. That's why we're outside right now. Otherwise, we stay home." Work authorization is not enough for immigrant vendors to feel secure Antonio and Moreno both said they have work authorization to operate their food businesses, but since they aren't citizens, they've been feeling more anxious than ever. Publications including the Los Angeles Times and LA Taco have published videos showing street vendors and their employees detained by federal officers. ICE officials have been tracking down non-citizens who pay taxes at their places of business and home addresses using records from the Internal Revenue Service, according to reporting in the New York Times. "I'm worried," said Moreno. "ICE, they take people, even if they're citizens, they do not even ask for the papers. They just take people." A viral video of a US citizen being detained, published by The New York Times, stoked outrage that ICE may be racially profiling Latinos. Antonio and Pacheco are also applying for adjustment of status to become lawful permanent residents with green cards. "It's very stressful," Pacheco said of the expensive legal process. "Every time we have to go see the lawyer or they call you, they expect you to come out with some more money every single time." Antonio said her immigration lawyer charges her $1,200 every time they update documents in their application for a green card. It hasn't been cheap for Antonio and Pacheco to realize their American dream. Antonio has been building up her business for over 14 years, buying new appliances and slowly saving up for her fridges, which cost $250 each, and a customized illuminated business sign, which cost $400. "We want our business to grow," said Antonio, who hopes one day to open up a brick-and-mortar location with her husband. "That's our dream, why we're still working hard, and that's why we're still here, even though it's not been easy."

JP Morgan Keeps Buy on Carvana (CVNA) as Strategic Investments Drive Earnings Growth
JP Morgan Keeps Buy on Carvana (CVNA) as Strategic Investments Drive Earnings Growth

Yahoo

time25 minutes ago

  • Yahoo

JP Morgan Keeps Buy on Carvana (CVNA) as Strategic Investments Drive Earnings Growth

Carvana Co. (NYSE:CVNA) is one of the 10 best growth stocks to buy according to billionaires. As of June 13, Carvana has surged over 45% YTD and has amassed share price gains of nearly 180% over the last one year. The street expects its strong financial and operating performance to continue over the next two years. While revenue growth is projected to be around 20% to 30% over the next two years, adjusted EPS is expected to double from $3.15 in 2024 to $6.11 by 2026. An auto warehouse filled with newly acquired used cars. On June 13, JP Morgan analyst Rajat Gupta reiterated a Buy rating on Carvana, keeping the price target steady at $325. In his latest note, Gupta acknowledges the ongoing pressures in the used car market but notes that Carvana has emerged stronger following recent major restructuring efforts. The analyst notes that the company's digital model and focus on operational efficiency have helped it gain ground in a fragmented industry. One key advantage, according to Gupta, is Carvana's investment in infrastructure, particularly the acquisition of ADESA. These developments are seen as difficult for peers to match and are expected to support above-average margins. Gupta believes these efficiencies and strategic moves position Carvana well for sustained growth and could lead to upward earnings revisions over time. While the company is performing well on a fundamental level, investors should also consider that the stock is a high-beta name, with a 5-year monthly beta of over 3.5. Stocks with high beta can lead to significant returns, but they also carry a higher risk of declines during market sell-offs. Carvana is an e-commerce company specializing in the buying and selling of used cars. While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store