Trump Humiliated by Truth Social in Face of Booming Stock Market

Not even a booming stock market could rescue Donald Trump’s terrible Truth Social stock.

The Dow Jones Industrial average gained more than 200 points on Wednesday, following the release of a Labor Department report found that year-over-year inflation had reached its lowest point in three years, according to CNBC.

However, not even the good news about inflation could rescue Trump’s struggling social media stock, which took a dive earlier this week after Trump posted on X (formerly Twitter) for the first time in more than a year. Truth Social hit its lowest rate in months, valued at $24.60 per share.

By Wednesday, Trump’s stock was valued at just $23.97 per share. Trump will be stuck with his company’s stubborn, stagnant stock for just one more month, when he is legally allowed to sell his shares without board approval.

Trump’s campaign attempted to reframe the good inflation news on Wednesday by skewering Harris over consumer prices, which did not decrease. Incidentally, he appeared to cite “Kamalanomics” as the apparent cause for what is ultimately an improved economic situation.

Last week, Trump tried desperately to blame Harris for a dip in the stock market, dubbing it a “KAMALA CRASH!” Unsurprisingly, the nickname didn’t quite catch on.

J.D. Vance on Wednesday doubled down on Donald Trump’s comments about firing striking workers.

As Vance addressed a small crowd at a campaign event in Michigan, a CBS News reporter gave Vance a chance to clean up the mess Trump made during his conversation with Elon Musk earlier this week.

“The UAW president said that Donald Trump and Elon Musk sneered at labor workers when talking about how Elon Musk fired folks looking to organize. The Teamster president who also spoke at the RNC called this ‘economic terrorism.’ What’s your reaction to the backlash that Donald Trump’s getting from that interview?” asked the reporter.

“Well look, I like Teamsters’ president, I think he’s a good guy,” Vance said of Sean O’Brien. “But I think he’s wrong about this.”

“Donald Trump was not talking about firing Michigan autoworkers,” he continued. “He was talking about firing the employees of Twitter who use their power to censor American citizens. Those people ought to be fired.”

Adam Bettcher/Getty Images)

It looks like no one briefed Vance on how to answer this question. Regardless of their workplace, threatening to fire workers for concerted labor activity, such as going on strike, is illegal under the National Labor Relations Act.

Musk was accused of violating labor law at X (then known as Twitter) when he fired an employee who was attempting to organize against return to office plans. He also retaliated against unionized janitors, laying off the Twitter custodial staff right before the holidays.

Vance’s faulty logic of pitting autoworkers organizing in Michigan against workers wronged by Musk at Twitter, Tesla, and SpaceX won’t hold up.

On Tuesday, the United Auto Workers filed federal labor charges against Trump and Musk. They accused the billionaires of “illegal attempts to threaten and intimidate workers who stand up for themselves by engaging in protected concerted activity, such as strikes.” Maybe they can now add Vance into the mix too?

Donald Trump may be too much for Palm Beach, Florida, to deal with.

The town is reviewing legal options, including closing his Mar-a-Lago country club, to help residents feel safe following the assassination attempt against Trump last month. Since then, the Secret Service has closed the main road to the club, South Ocean Boulevard, with security around the property increased. Local police say it won’t be opened again before Election Day in November.

Despite the road’s closure and increased checkpoints, Mar-a-Lago has remained open, with hundreds of people attending different events, including ones hosted by the president. That has touched a nerve with the town’s leadership.

“In my mind, if the road is closed, the Mar-a-Lago Club is closed,” Mayor Danielle Moore said in a council meeting Tuesday. “There’s no way in God’s green earth that they can bring 350 people into that club. It’s completely illogical that you’ve got a road closed and then you’re going to let 350 strangers into your club.”

“However, you can’t have it both ways, boys and girls,” Moore added. “Either the club’s open or not.”

The mayor, the town council, and the residents all said at the meeting that they didn’t want anything to happen to Trump, and that politics didn’t play a role in their discussion, which was prompted by concerns that the town won’t receive a reply to a July 22 letter it sent to the Secret Service asking for “the legal authority authorizing it to implement the road closure for the specified duration and even when protectee(s) are not in residence in the Town.”

Trump may not take the town’s concerns kindly. The events the club hosts rake in money, and Trump enjoys getting feted by the right and far right who come to sing his praises, sometimes literally. And he certainly doesn’t have a history of recognizing how much his presence costs the residents of the places he visits.

Trump is still holding firm on his conspiracy that Vice President Kamala Harris couldn’t possibly pull large crowds to her campaign events and is using artificial intelligence to digitally enhance images of her rallies.

When asked by a reporter to follow up on his comments earlier this week that an image of thousands of people attending Harris’s Detroit airport rally was fabricated using A.I., Trump doubled down.

“You said Harris’s crowds were A.I. and that there weren’t people there. There’s all kinds of video evidence from people who were there who have proven that false. Can you tell us about why you made that claim?”

“Well, I can’t say what was there, who was there,” Trump responded.

“We have the biggest crowds ever in the history of politics,” Trump continued, getting defensive.

Well, here’s an easy fact-check: An estimated 15,000 people showed up to Harris’s airport rally in Michigan.

Trump has long been obsessed with crowd sizes. Last week, things got weird as he tried to claim his January 6 crowd was larger than Martin Luther King Jr.’s March on Washington. “Nobody’s spoken to crowds bigger than me,” said the former president. “If you look at Martin Luther King when he did his speech, and you look at ours ... we had more.”

The vice president’s campaign vehemently denies that the image of her Detroit crowd was faked in any way despite Trump posting on Sunday that Harris “CHEATED” or “‘A.I.’d’ it” and that the massive crowd “DIDN’T EXIST!”

Perhaps Trump is lashing out due to his insecurity about his upcoming micro-event strategy, where the former president will hold smaller “messaging events” rather than large-scale rallies.

Fundraising for the Democratic National Convention has gone through the roof, shattering previous Republican and Democratic fundraising efforts with a whopping $94 million, according to the host committee, Development Now for Chicago.

“Today’s announcement is a reflection of the unified love for our city, and we couldn’t be more grateful for the broad coalition of partners who came together to ensure Chicago could put its best foot forward at this convention,” Christy George, the host committee’s executive director, said Wednesday in a statement obtained by the Chicago Tribune.

The announcement listed AT&T, Invenergy, and United Airlines as major investors, according to the Tribune, though a more comprehensive picture of donors will be available after the convention ends next week.

All in all, the committee raised $9 million more than the Republican National Convention in July, which brought in $85 million, according to Milwaukee’s host committee.

The milestone arrives alongside a Monmouth University poll illustrating skyrocketing momentum behind Vice President Kamala Harris’s campaign. There were significant boosts in enthusiasm among Democrats—which leaped from 46 percent to 85 percent now that Harris is the nominee—as well as independent voters, who similarly jumped from 34 percent when President Joe Biden was in the race to 53 percent with Harris.

“This is clearly a different ballgame. The nominee change has raised the ceiling for potential Democratic support in the presidential contest by a small but crucial amount, at least for now,” said Patrick Murray, director of the independent Monmouth University Polling Institute, in a statement.

A former aide to Donald Trump doesn’t predict good things coming out of his campaign’s latest strategy.

In an effort to keep the Republican presidential nominee from making more childish ad hominem attacks against Vice President Kamala Harris and her crowd sizes, the Trump campaign has reportedly discussed holding smaller “messaging events.” Those will replace his boisterous, multi-hour rallies, which he won’t resume until after the Democratic National Convention, Trump spokesman Steven Cheung told CNBC.

But although the intention of the micro events is to keep Trump focused on the issues that actually matter to voters, former Trump press secretary Stephanie Grisham believes that the events will be short-lived as the campaign discovers Trump doesn’t thrive in smaller crowds.

“I imagine he will do some of them, and maybe for a week he’ll, you know, attempt to stay on message,” Grisham said on a CNN panel Tuesday. “It depends on how tough his staff is being with him, but he will get bored. He doesn’t like those small events; he never has. And he will be demanding to do a large rally sooner rather than later.

“They want him to be a fake version of himself,” she added. “Donald Trump is a bombastic narcissist, and he loves attention.”

Conservatives have been less than enthused about Trump’s performance in recent weeks, as the typically bombastic populist had floundered to find an appropriate political response to Harris’s nomination outside of mocking her race, her personality, or her intelligence. Even some of Trump’s most ardent supporters have abandoned ship. Last week, notorious white supremacist Nick Fuentes announced a “groyper war” on Trump’s social media platform, Truth Social, believing that Trump’s current campaign staff are setting the party up for a “catastrophic loss.”

Gun rights activist and charged Kenosha, Wisconsin, shooter Kyle Rittenhouse publicly withdrew his support from Trump earlier this month, announcing in a video statement that he felt Trump wasn’t a true champion of the Second Amendment and that he intended to write in former Representative Ron Paul. (Though less than 12 hours after making the post, Rittenhouse was approached by Trump’s team and subsequently changed his tune.) And users on Trump’s social media platform, Truth Social, got the hashtag “#TrumpIsACoward” trending after the Republican nominee backed out of a prearranged September 10 debate with Harris on ABC News. (Trump has since agreed, again, to the debate.)

But despite Trump’s inability to adapt and change to the new race, Grisham doesn’t believe he’ll be able to keep up the mini rallies—even if they’re for the good of his campaign.

“Look, we did this a million times,” Grisham told CNN. “We did it in 2016. We did it throughout our time in the White House. We were all trying to keep him on message. Everybody was frustrated all the time.”

Donald Trump attempted to blame Kamala Harris for inflation in the wake of a new economics report, but its findings actually showed a crucial decrease in inflation.

A new report published Wednesday by the Bureau of Labor Statistics found that in July, year-over-year inflation dropped to 2.9 percent—marking the first time that inflation has slipped below 3 percent since March 2021. The report makes way for the Federal Reserve to cut rates in September.

However, consumer prices rose: The price of food increased by 0.2 percent in July, according to the report. The data was still in line with a significant slowdown in the rising price of food, which actually went down in June. Shelter was an outlier, with the price of rent increasing by 0.5 percent.

The report represented a huge win for Democrats, who have been consistently slammed by Republicans over inflation, and the price of groceries. A recent Cato Institute poll found that a whopping 40 percent of American voters surveyed listed inflation/prices as one of their top three issues in the upcoming presidential election—placing it above any other issue in terms of voter priorities.

In light of the good news for Democrats, Trump’s campaign attempted to reframe the conversation around high prices but incidentally cited “Kamalanomics” as the cause for what is ultimately an improved economic situation.

“Under Kamala Harris, everything costs 20 percent more than it did under President Trump,” said Trump spokesperson Karoline Leavitt in a press release about the Labor report.

“America cannot afford another four years of Kamala’s failed economic policies,” Leavitt said, citing increases in the price of baby food and the price of gas.

Meanwhile, a new survey conducted by the Financial Times found that Harris had blunted Trump’s edge on the question of who voters trusted to handle the economy.

Donald Trump was just denied again in his hush-money trial, and predictably, he’s not happy about it.

Trump requested for a third time that Judge Juan Merchan step aside in the trial, claiming that Merchan has a conflict of interest due to his daughter’s political consultancy work, and Merchan declined yet again.

“Defendant has provided nothing new for this Court to consider. Counsel has merely repeated arguments that have already been denied by this and higher courts” and were “rife with inaccuracies and unsubstantiated claims,” Merchan wrote in a decision posted Wednesday. Merchan also denied similar requests from Trump’s legal team in April and August 2023.

The former president and convicted felon immediately went to Truth Social to complain.

“Judge Merchan just ruled that I, the Republican candidate for President, and leading in the Polls, am still under a Gag Order CONCERNING VERY IMPORTANT THINGS WHICH MUST BE BROUGHT TO LIGHT. I AM NOT ALLOWED TO ANSWER REPORTERS QUESTIONS. Can you believe this?” Trump posted, seemingly complaining that his partial gag order remains in place.

“The New York Courts refuse to act. This is happening right before the voting begins on September 6th. Suppression and manipulation of the vote. Voter interference. This is the real Fascist ‘stuff,’ the old Soviet Union! So much to say, and I’m not allowed to say it. Must get U.S. Supreme Court involved. New York is trying to steal the Election!” The post continued.

In May, Trump was found guilty in his hush-money trial on 34 felony counts for falsifying business records with the intent to further an underlying crime. His sentencing was originally scheduled for July 11, but that was delayed to September 18 thanks to the Supreme Court’s immunity ruling. To the high court’s credit, earlier this month, they rejected an attempt to delay Trump’s sentencing, paving the way for Trump to maybe face accountability.

Minnesota Senate candidate Royce White won the state’s Republican primary on Tuesday, defeating Navy veteran Joe Fraser and setting White up to run against Senator Amy Klobuchar in November.

But White, a former NBA player who had been an outspoken advocate for mental health in sports, has cultivated some disturbing positions since befriending Steve Bannon in 2021. Those include becoming an ardent Trump supporter with an affinity for antisemitic, misogynistic, and homophobic conspiracies—all of which will only make it that much more difficult for him to unseat the incumbent Democrat, who has maintained the seat since 2007.

After dozens of appearances on Bannon’s show War Room (which a February study crowned as the chief spreader of misinformation among political podcasts), White turned his attention toward women, arguing in May that “women have become too mouthy.”

Minutes later, White claimed that women’s schedules were “too busy,” while elevating a conspiracy that there was an “economic incentive” to the inception of World War II insofar as it related to introducing women to the workplace.

The conservative populist has also been caught cooking up his own misinformation. In June, White shared a map of Minneapolis awash in green, yellow, and red dots, claiming that each data point symbolized crime in the City of Lakes. But a quick fact-check by a reporter for the Minnesota Reformer showed that the map didn’t depict any lawlessness, but rather the distribution of drinking fountains across the city’s public parks.

That same month, a nonpartisan nonprofit filed a complaint against White for allegedly illegally spending tens of thousands of dollars from his failed 2022 congressional campaign on luxury dinners, vacations, and other eyebrow-raising expenses, including a $1,200 night at a Miami strip club.

But White’s character doesn’t look any better beyond his political stunts to appeal to fringe, reactionary voters. In response to an NBC News report on ignoring his child support obligations, White claimed that “liberals really just want to shame people with kids” because they’re “anti-human as fuck.” But financial statements obtained by The Daily Beast from the mother of one of White’s children indicated that the wannabe MAGA politician owed her at least $100,000 in “child support payments for a daughter with whom he is barely involved.”

“Thank God I don’t rely on his support or it would be impossible,” the woman told The Daily Beast.

Minnesota Governor Tim Walz handily shredded right-wing attacks over his military record.

Speaking to the American Federation of State, County and Municipal Employees union convention in Los Angeles on Tuesday, Walz addressed the right-wing smears, such as those from J.D. Vance, who falsely accused Walz of ending his 24-year term in the Army to avoid being deployed to Iraq. Walz actually retired before his unit was alerted it would be deployed, so he could run for office.

Vance, who served a single four-year enlistment in the public affairs section of the 2nd Marine Aircraft Wing, and who, according to his memoir Hillbilly Elegy, was “lucky to escape any real fighting,” has accused Walz of “stolen valor.”

But Walz didn’t buy into the blatant swiftboating.

“And by the way, these guys are even attacking me for my record of service, and I just wanna say, I’m proud to have served my country, and I always will be,” Walz said to massive applause.

Walz explained that he enlisted in the National Guard shortly after turning 17. When he was elected to Congress, he served on the House Veterans’ Affairs Committee, where Walz said he was a “champion for our men and women in uniform.”

“I’m going to say it again, as clearly as I can: I am damn proud of my service to this country. And I firmly believe that you should never denigrate another person’s service record. Anyone brave enough to put on that uniform for our great country—including my opponent—I just have a few simple words: Thank you for your service and sacrifice,” he said.

Harris’s campaign acknowledged Saturday that Walz had misspoken during a 2018 rally when he claimed to have handled assault weapons “in war.” The campaign had posted a video of this remark, launching a barrage of attacks against Walz, who had never been deployed in a war zone.

Walz has been falsely accused of leaving his unit to run for office only after he was alerted that the team would soon deploy to Iraq. Walz filed to run for Congress in February 2005, long before his unit was notified it could deploy to Iraq, according to CNN. According to the Minnesota National Guard, Walz retired from service in May 2005.

Vance responded to Walz’s Tuesday remarks in a post on X. “Hi Tim, I thank you for your service. But you shouldn’t have lied about it. You shouldn’t have said you went to war when you didn’t,” Vance wrote. “Nor should you have said that you didn’t know your unit was going to Iraq.”

“Happy to discuss more in a debate,” wrote Vance, who absolutely lost it last week when a CNN anchor claimed Vance was wrong to make a meal of his own service record.