Latest news with #DebtSlaveryBill
Yahoo
2 days ago
- Business
- Yahoo
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud originally appeared on TheStreet. As the public fallout between Elon Musk and Donald Trump escalates, billionaire investor Mark Cuban had just one word to describe the chaos: 'popcorn.' In a brief exchange with TheStreet Roundtable, Cuban replied to a question about the Musk–Trump spat by simply writing, 'all I'll say is that I bought a bunch of popcorn.' When asked if he saw this coming, Cuban followed up with a blunt 'yes.' The feud between Musk and Trump intensified this week after Musk publicly criticized Trump's administration over the so-called 'One Big Beautiful Bill', a sweeping tax and spending package — calling it a 'Debt Slavery Bill.' In return, Trump threatened to terminate billions in government contracts with Musk's companies, including SpaceX and Tesla, claiming it would be the 'easiest way to save money in our budget.' But Musk didn't stop there. In a bombshell post on X, Musk wrote, 'Time to drop the really big bomb: Donald Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' The post sent shockwaves across social media and rattled markets. Tesla shares fell by 14%, while DJT, the stock tied to Trump's media company — dropped over 8% on the same day. Bitcoin also slipped nearly 4%. While both Trump and Musk have wielded significant influence in the crypto and tech markets, this very public breakup has caught even their closest allies off guard. Trump's press secretary offered a lukewarm response to Musk's claims, calling the post 'an unfortunate episode from Elon.' Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.
Yahoo
4 days ago
- Business
- Yahoo
Trump says his 'great relationship' with Elon Musk could be over
Trump says his 'great relationship' with Elon Musk could be over originally appeared on TheStreet. President Donald Trump said that his once 'great relationship' with Elon Musk could be ending as he defends his 'great big beautiful bill." "I don't know if we will anymore," he said when the press asked him about his relationship with Musk. At press time, the entire crypto market is painted red. Bitcoin is trading at $103,932.49, down by 1.25% over the last 24 hours, as per Kraken. Earlier this week, when Coinbase CEO Brian Armstrong hinted that the 'big, beautiful bill' could inflate U.S. debt and make Bitcoin the reserve currency, Musk agreed and replied with a U.S. flag to his post. Musk has since then took to social media X to publicly criticize President Trump's spending bill describing it as a "Debt Slavery Bill' and noting it would add trillions to the national deficit. He also called for Americans to contact their representatives and posted a Kill Bill-style image blasting the bill. Seeing Musk's vocal support against the bill, the crypto community also responded by making a meme coin of the same name. However, Musk is not the only billionaire who has opposed this bill. Pro-crypto billionaire Tim Draper slammed the bill and proposed that Bitcoin could be the only hedge against the overspending the U.S. government is hooked to. Billionaire Ray Dalio also echoed a similar sentiment saying that the U.S. might be close to a debt crisis. He said, "this dynamic leads to a self-reinforcing debt, money-printing, and inflation spiral." At the time of writing, Tesla shares (TSLA) have also been impacted and is trading at $310.50, down by 6.59%. Trump says his 'great relationship' with Elon Musk could be over first appeared on TheStreet on Jun 5, 2025 This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud originally appeared on TheStreet. As the public fallout between Elon Musk and Donald Trump escalates, billionaire investor Mark Cuban had just one word to describe the chaos: 'popcorn.' In a brief exchange with TheStreet Roundtable, Cuban replied to a question about the Musk–Trump spat by simply writing, 'all I'll say is that I bought a bunch of popcorn.' When asked if he saw this coming, Cuban followed up with a blunt 'yes.' The feud between Musk and Trump intensified this week after Musk publicly criticized Trump's administration over the so-called 'One Big Beautiful Bill', a sweeping tax and spending package — calling it a 'Debt Slavery Bill.' In return, Trump threatened to terminate billions in government contracts with Musk's companies, including SpaceX and Tesla, claiming it would be the 'easiest way to save money in our budget.' But Musk didn't stop there. In a bombshell post on X, Musk wrote, 'Time to drop the really big bomb: Donald Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' The post sent shockwaves across social media and rattled markets. Tesla shares fell by 14%, while DJT, the stock tied to Trump's media company — dropped over 8% on the same day. Bitcoin also slipped nearly 4%. While both Trump and Musk have wielded significant influence in the crypto and tech markets, this very public breakup has caught even their closest allies off guard. Trump's press secretary offered a lukewarm response to Musk's claims, calling the post 'an unfortunate episode from Elon.' Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.
Scottish Sun
4 days ago
- Automotive
- Scottish Sun
What caused Trump & Elon Musk's explosive fallout? – from NASA spat to key role of Don's teen relative, I know the truth
The smart money was always on these two galactic-sized egos falling out HARRY COLE What caused Trump & Elon Musk's explosive fallout? – from NASA spat to key role of Don's teen relative, I know the truth THE richest man in the world going toe-to-toe with the most powerful man on the planet . . . what could possibly go wrong? And has the most outlandish politician in American history finally met his match? Advertisement 7 Elon Musk, left, looks down on Donald Trump during a White House press conference Credit: AP 7 Musk toured the swing states at last year's election telling the world that Trump was the greatest thing since sliced bread Credit: AFP 7 Trump was considering selling his own Tesla, which has spent weeks parked outside the Oval Office Credit: AP From the moment neuro-diverse rocket man Elon Musk backed New York real estate heavy Donald J. Trump to return to the White House, the smart money was on these two galactic-sized egos falling out. I hear it's the galaxy and beyond that has been at the centre of their tensions, but more on that later — as last night Washington was awash with claims Musk's attempts to befriend Kai Trump, the 18-year-old future golf star granddaughter of the President, also played a hefty part in the atomic row. 'Bankrupting America is not OK – kill the bill' But the powerful pair certainly have fallen out, trading public blows on their social media sites of choice — the very tech platforms that have both made them and could yet see them crash to back down to earth. Asked if they could reconcile yesterday, Trump slammed Musk as 'the man who has lost his mind'. Advertisement In the end, the most famous bromance in political history lasted less than a year, and the fallout risks dragging them both down. Musk claims credit for his $300million in donations swinging the election Trump's way, while the White House says that's fake news and the car salesman is sulking because he's not getting much bang for his buck. The pair clashed publicly over Trump's so-called 'Big Beautiful Bill' — legislation that he says will deliver a slew of campaign promises like banning taxes on tips for millions of American workers. 7 Trump was tiring of Elon's 'ketamine-fuelled' antics Credit: AFP Advertisement 7 Richest man in the world Musk is going toe-to-toe with the most powerful man on the planet Credit: AFP But Musk — appointed to the administration to cut eye-watering federal expenditure — baulked at the increase in government spending tacked on to the law by Congress, branding it an 'abomination'. He irked Trump by urging senators to vote it down, adding it could be 'big or beautiful but it cannot be both'. Musk raged on social media: 'This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill… Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL.' Advertisement Trump crushes hopes of 'peace talks' call with Musk as he insists Elon has 'lost his mind' after feud went nuclear It's a long cry from when Musk toured the swing states at last year's election telling the world that Trump was the greatest thing since sliced bread and organising well-oiled get-out-the-vote operations. But behind the scenes I'm told Trump was already at the end of his tether with Musk who some sources accuse of 'gurning away' on the campaign trail and in meetings. Brought in to help slash costs through his Department of Government Efficiency, tensions reached a head after the New York Times ran a well-sourced hit piece accusing Musk of enjoying recreational drugs such as ketamine and ecstasy throughout his brief foray into politics. Those claims were not denied when Musk was confronted by Fox News in an Oval Office press conference last week. Advertisement Musk's coterie of love-children and his stated desire to help repopulate the planet with, what his former lovers have claimed, he calls genius offspring have also rubbed Trump up the wrong way. Teetotal Trump wanted rid of him but also wanted to give his big donor a decent goodbye, so lavished praise on him after he departed as special government employee last week. Yet despite all the niceties, the former allies are locked in a Cold War stand-off this weekend. 7 Devout Trump-backer Steve Bannon called for South African-born Musk to be deported Credit: The Mega Agency Advertisement Will they both retreat to their bunkers and realise mutually assured destruction is in neither of their interests, OR will they be unable to help themselves and launch a thermonuclear blow-out that burns them both up? Musk came close to that on Friday night, with his outlandish allegations that the President was sitting on files about billionaire deceased paedo-financier Jeffrey Epstein — because Trump himself is named as a murky connection. White House sources say that is nonsense and were that bombshell evidence to be sitting in a government file somewhere, surely previous Democrat governments would have leaked it by now. Musk ended his online diatribe with calls for Trump to be impeached, adding a menacing suggestion he could back the Democrats. Advertisement It's a mess, but one that was very obviously cooking Harry Cole Yet even some of his closest allies and supporters were left begging any friend possible to strip Musk of access to his own X platform before he caused any more damage. It's a dangerous game for the mercurial billionaire to play — because the President hit back that he was going to suspend US subsidies and government contracts for the entrepreneurs' many, many firms. Musk's electric car firm Tesla shares were down 14 per cent yesterday — the biggest one-day drop since the company went public, wiping $152billion off its value. And that's before the $3billion personal hit to Musk on the back of an evening of lively tweeting. Advertisement In a further snub, Trump was last night considering selling his own Tesla which has spent weeks parked outside the Oval Office, in a move which could spark a wave of similar fire sales across the US amongst his fans. 'Musk is an illegal alien and should be deported' The Tesla Cybertruck gifted to the President's granddaughter Kai is presumably for the chop too. Meanwhile, the row threatens to spark a wider war between various right-wing camps that run Washington, with implications felt in Congress and across the political spectrum. Devout Trump-backer Steve Bannon called for South African-born Musk to be deported from the US, saying yesterday: 'They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien and should be deported from the country immediately.' Advertisement 7 Twitter exchanges between the pair Meanwhile, the self-proclaimed autistic automaker said he could launch a new political party — an idea backed by 80 per cent of the millions of respondents to his social media poll yesterday. But this wasn't just a political knife-fight but also a brawl in the casino of capitalism. In short, it's a mess, but one that was very obviously cooking. Musk is a libertarian, free-marketeer who has his sights on the moon and Mars and beyond. Advertisement Trump is the tariff-loving protectionist who believes it's America First and everyone else can fall in line behind that. Prior to SpaceX, they couldn't even transport their own astronauts to the International Space Station and had to rely on outdated Russian rockets Dr Rainer Zitelmann Add to that their tensions on China that Trump sees as an existential threat to the US, while Musk views it as an opportunity to produce his electric cars on the cheap. It's amazing that things took so long to come to a head. And then it came down to space, where Musk obviously has a major financial interest as the boss of SpaceX — the rocket firm hat has all but colonised America's space projects. Advertisement As top economist Dr Rainer Zitelmann puts it: 'Without SpaceX, the US does not currently have much to offer. "Prior to SpaceX, they couldn't even transport their own astronauts to the International Space Station and had to rely on outdated Russian rockets — and paid exorbitant prices to do so. 'SpaceX is responsible for 86 per cent of all US launches.' But things were coming to a head when Trump blocked a Musk ally to take over Nasa last month, infuriating his former 'First Buddy'. Advertisement Moment of maximum danger Insiders say Musk's attempts to take over Nasa were a step too far that left America's future security beholden to a private company run by a wildly unpredictable boss. Sources claimed Musk recently had his high-level security clearances revoked by the White House as tensions mounted, leading to Friday's pyrotechnics. What happens next is a moment of maximum danger for Trump. Brits will be familiar with what happens when a leader and their dangerous right-hand man fall out. Advertisement Boris Johnson found out the hard way that if the snubbed guru bears enough of a grudge, it is fatal. The White House will be hoping this weekend that Elon holds less resentment than equally unstable Dominic Cummings — who spent the year after his No10 ousting doing all he could to unseat and destabilise his former boss. I wonder whether that might be a bit of wishful thinking . . .
The Irish Sun
4 days ago
- Automotive
- The Irish Sun
What caused Trump & Elon Musk's explosive fallout? – from NASA spat to key role of Don's teen relative, I know the truth
THE richest man in the world going toe-to-toe with the most powerful man on the planet . . . what could possibly go wrong? And has the most outlandish politician in American history finally met his match? Advertisement 7 Elon Musk, left, looks down on Donald Trump during a White House press conference Credit: AP 7 Musk toured the swing states at last year's election telling the world that Trump was the greatest thing since sliced bread Credit: AFP 7 Trump was considering selling his own Tesla, which has spent weeks parked outside the Oval Office Credit: AP From the moment neuro-diverse rocket man Elon Musk backed New York real estate heavy Donald J. Trump to return to I hear it's the galaxy and beyond that has been at the centre of their tensions, but more on that later — as last night Washington was awash with claims Musk's attempts to befriend 'Bankrupting America is not OK – kill the bill' But the powerful pair certainly have fallen out, trading public blows on their social media sites of choice — the very tech platforms that have both made them and could yet see them crash to back down to earth. Asked if they could reconcile yesterday, Trump slammed Musk as 'the man who has lost his mind'. Advertisement In the end, the most famous bromance in political history lasted less than a year, and the fallout risks dragging them both down. Musk claims credit for his $300million in donations swinging the election Trump's way, while the White House says that's fake news and the car salesman is sulking because he's not getting much bang for his buck. The pair clashed publicly over Trump's so-called 'Big Beautiful Bill' — legislation that he says will deliver a slew of campaign promises like banning taxes on tips for millions of American workers. 7 Trump was tiring of Elon's 'ketamine-fuelled' antics Credit: AFP Advertisement 7 Richest man in the world Musk is going toe-to-toe with the most powerful man on the planet Credit: AFP But Musk — appointed to the administration to cut eye-watering federal expenditure — baulked at the increase in government spending tacked on to the law by Congress, branding it an 'abomination'. Most read in The Sun Breaking He irked Trump by urging senators to vote it down, adding it could be 'big or beautiful but it cannot be both'. Musk raged on social media: 'This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill… Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL.' Advertisement Trump crushes hopes of 'peace talks' call with Musk as he insists Elon has 'lost his mind' after feud went nuclear It's a long cry from when Musk toured the swing states at last year's election telling the world that Trump was the greatest thing since sliced bread and organising well-oiled get-out-the-vote operations. But behind the scenes I'm told Trump was already at the end of his tether with Musk who some sources accuse of 'gurning away' on the campaign trail and in meetings. Brought in to help slash costs through his Department of Government Efficiency, tensions reached a head after the New York Times ran a well-sourced hit piece accusing Musk of enjoying recreational drugs such as ketamine and ecstasy throughout his brief foray into politics. Those claims were not denied when Musk was confronted by Fox News in an Oval Office press conference last week. Advertisement Musk's coterie of love-children and his stated desire to help repopulate the planet with, what his former lovers have claimed, he calls genius offspring have also rubbed Trump up the wrong way. Teetotal Trump wanted rid of him but also wanted to give his big donor a decent goodbye, so lavished praise on him after he departed as special government employee last week. Yet despite all the niceties, the former allies are locked in a Cold War stand-off this weekend. 7 Devout Trump-backer Steve Bannon called for South African-born Musk to be deported Credit: The Mega Agency Advertisement Will they both retreat to their bunkers and realise mutually assured destruction is in neither of their interests, OR will they be unable to help themselves and launch a thermonuclear blow-out that burns them both up? Musk came close to that on Friday night, with his outlandish allegations that the President was sitting on files about billionaire deceased paedo-financier Jeffrey Epstein — because Trump himself is named as a murky connection. White House sources say that is nonsense and were that bombshell evidence to be sitting in a government file somewhere, surely previous Democrat governments would have leaked it by now. Musk ended his online diatribe with calls for Trump to be impeached, adding a menacing suggestion he could back the Democrats. Advertisement It's a mess, but one that was very obviously cooking Harry Cole Yet even some of his closest allies and supporters were left begging any friend possible to strip Musk of access to his own X platform before he caused any more damage. It's a dangerous game for the mercurial billionaire to play — because the President hit back that he was going to suspend US subsidies and government contracts for the entrepreneurs' many, many firms. Musk's electric car firm Tesla shares were down 14 per cent yesterday — the biggest one-day drop since the company went public, wiping $152billion off its value. And that's before the $3billion personal hit to Musk on the back of an evening of lively tweeting. Advertisement In a further snub, Trump was last night considering selling his own Tesla which has spent weeks parked outside the Oval Office, in a move which could spark a wave of similar fire sales across the US amongst his fans. 'Musk is an illegal alien and should be deported' The Tesla Cybertruck gifted to the President's granddaughter Kai is presumably for the chop too. Meanwhile, the row threatens to spark a wider war between various right-wing camps that run Washington, with implications felt in Congress and across the political spectrum. Devout Trump-backer Steve Bannon called for South African-born Musk to be deported from the US, saying yesterday: 'They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien and should be deported from the country immediately.' Advertisement 7 Twitter exchanges between the pair Meanwhile, the self-proclaimed autistic automaker said he could launch a new political party — an idea backed by 80 per cent of the millions of respondents to his social media poll yesterday. But this wasn't just a political knife-fight but also a brawl in the casino of capitalism. In short, it's a mess, but one that was very obviously cooking. Musk is a libertarian, free-marketeer who has his sights on the moon and Mars and beyond. Advertisement Trump is the tariff-loving protectionist who believes it's America First and everyone else can fall in line behind that. Prior to SpaceX, they couldn't even transport their own astronauts to the International Space Station and had to rely on outdated Russian rockets Dr Rainer Zitelmann Add to that their tensions on China that Trump sees as an existential threat to the US, while Musk views it as an opportunity to produce his electric cars on the cheap. It's amazing that things took so long to come to a head. And then it came down to space, where Musk obviously has a major financial interest as the boss of SpaceX — the rocket firm hat has all but colonised America's space projects. Advertisement As top economist Dr Rainer Zitelmann puts it: 'Without SpaceX, the US does not currently have much to offer. "Prior to SpaceX, they couldn't even transport their own astronauts to the International Space Station and had to rely on outdated Russian rockets — and paid exorbitant prices to do so. 'SpaceX is responsible for 86 per cent of all US launches.' But things were coming to a head when Trump blocked a Musk ally to take over Nasa last month, infuriating his former 'First Buddy'. Advertisement Moment of maximum danger Insiders say Musk's attempts to take over Nasa were a step too far that left America's future security beholden to a private company run by a wildly unpredictable boss. Sources claimed Musk recently had his high-level security clearances revoked by the White House as tensions mounted, leading to Friday's pyrotechnics. What happens next is a moment of maximum danger for Trump. Brits will be familiar with what happens when a leader and their dangerous right-hand man fall out. Advertisement Boris Johnson found out the hard way that if the snubbed guru bears enough of a grudge, it is fatal. Read more on the Irish Sun The White House will be hoping this weekend that Elon holds less resentment than equally unstable I wonder whether that might be a bit of wishful thinking . . .
