All right, welcome back to Worldwide Exchange. As we close on the 6 a. m.hour, a check of a few big stories that we're following this morning. The US says it collected more than $200 billion in tariffs this [music] year, according to new data from Customs and Border Protection. The figure comes as a [music] Supreme Court weighs the legality of those duties.President Trump's filing a $10 billion defamation lawsuit against the BBC. The president [music] is accusing the British broadcaster of producing a false ...

Core Viewpoint - The article discusses a dinner hosted by President Trump at the White House with Rupert Murdoch and key figures from his media empire, despite an ongoing defamation lawsuit involving Murdoch's Wall Street Journal reporting on Trump [1][4]. Group 1: Dinner Details - The dinner took place at the White House and included notable guests such as Murdoch's wife, Elena Zhukova, and various editors and executives from Murdoch's media outlets [2]. - The group reportedly enjoyed chicken and gravy during the dinner [3]. Group 2: Legal Context - The dinner occurred shortly before Trump's legal team filed a response to Murdoch's lawyers, who requested the dismissal of Trump's defamation lawsuit [4]. - The lawsuit is a significant deviation from the generally supportive relationship between Trump and Murdoch's media outlets, which have historically promoted Trump's policies [4]. Group 3: Background of the Dispute - The defamation lawsuit stems from a July 17 report by the Wall Street Journal, which claimed that Trump had sent a risqué birthday letter to Jeffrey Epstein, a former associate [5]. - At the time of the letter, Trump was friends with Epstein, but their relationship soured later on [5].

Core Viewpoint - A federal judge has dismissed Donald Trump's $15 billion lawsuit against The New York Times, citing improper filing and excessive political rhetoric, allowing for a potential refiling with a shorter complaint [1][3]. Group 1: Legal Proceedings - The lawsuit was criticized for its length and tone, spanning 85 pages with defamation claims appearing only on page 80 [1]. - The court has given Trump's legal team 28 days to submit a revised complaint not exceeding 40 pages [3]. - The complaint accused The New York Times and its reporters of defamation, claiming damages to Trump's reputation and brand value [3][4]. Group 2: Content of the Lawsuit - The lawsuit included extensive praise for Trump's business career and attacks on "legacy media," which the court deemed excessive and irrelevant [2]. - Trump alleged that The New York Times acted as a "mouthpiece of the Democrat Party" and engaged in "persistent election interference" [4]. Group 3: Market Reactions - The dismissal of the lawsuit has led to significant sell pressure on the Trump-linked $TRUMP coin, reflecting legal uncertainty and volatility in assets associated with Trump's political brand [5][6]. - The case serves as a reminder of the risks associated with political tokens, prompting calls for stronger investor education within the crypto sector [6].

Core Points - Donald Trump's $15 billion defamation lawsuit against The New York Times has been dismissed by a judge, allowing him 28 days to amend his complaint [1][2] - The judge criticized Trump's complaint as a "decidedly improper" attempt to attack an adversary, emphasizing that a complaint should inform defendants clearly and not serve as a platform for vitriol [2] - Trump's legal team remains committed to holding the media accountable, while The New York Times welcomed the ruling, stating the complaint was more political than legal [3] Group 1 - The lawsuit was initiated after The New York Times published a report regarding alleged notes Trump sent to Jeffrey Epstein, which Trump claims are false [1][6] - The judge has mandated that Trump submit an amended complaint not exceeding 40 pages within the given timeframe [2] - Trump's social media post described The New York Times as "one of the worst and most degenerate newspapers," reflecting his ongoing conflict with the media [6] Group 2 - The controversy also involves a lewd birthday message Trump allegedly sent to Epstein, which was later published by Congress [7][8] - Trump's assertion that the notes were not written by him is based on claims that the handwriting and signature do not match his own [8] - The media landscape is further complicated by Trump's comments about revoking licenses from networks that provide negative coverage, indicating a broader tension between his administration and the media [11][14]

Legal Proceedings - A judge dismissed President Trump's $15 billion defamation lawsuit against the New York Times [1] - The lawsuit was dismissed due to a violation of procedural rules, specifically regarding the clarity and conciseness of the complaint [1][2] - The judge deemed the 85-page complaint argumentative and not in line with the requirements of a clear and plain statement of allegations [2][3] Content of the Lawsuit - The lawsuit alleged erroneous reporting by the New York Times and its reporters on Donald Trump, including his finances [1] - The 85-page complaint contained two defamation claims [2]

Core Points - President Donald Trump's $15 billion lawsuit against The New York Times was dismissed by a federal judge due to the complaint being excessively lengthy and not meeting the requirements of Rule 8 [1] - The judge noted that the lawsuit, spanning 85 pages, contained repetitive and superfluous allegations, including claims about Trump's reality TV show "The Apprentice" [1] - Trump has the option to re-file the lawsuit within 28 days, with a requirement to limit the complaint to under 40 pages [1] Group 1 - The lawsuit accused The New York Times of making defamatory statements aimed at damaging Trump's reputation and sabotaging his 2024 presidential candidacy [3] - Specific articles and a book titled "Lucky Loser: How Donald Trump Squandered His Father's Fortune and Created the Illusion of Success" were highlighted in the lawsuit [3] Group 2 - The Trump administration has a history of targeting the media through various legal actions and funding cuts, including a recent $1.1 billion funding cut from the Corporation for Public Broadcasting [4] - A previous lawsuit against CBS News resulted in a $16 million settlement after Trump claimed deceptive editing of an interview [4]

Core Points - A federal judge dismissed President Trump's defamation lawsuit against The New York Times before the newspaper could respond, citing the lawsuit's excessive length as a primary reason [1] - The judge, Steven Merryday, criticized the lawsuit as being more of a political document than a serious legal filing, stating that it was "tedious and burdensome" with excessive detail [2][9] - Trump's legal team intends to continue pursuing the lawsuit, which seeks $15 billion in damages and also names Penguin Random House as a defendant [3][8] Summary by Sections - **Lawsuit Dismissal** - The lawsuit was dismissed due to its length, with the judge stating it exceeded the acceptable page limit [1][11] - The judge provided Trump's attorneys with 28 days to re-file the lawsuit, limiting the new filing to 40 pages [2] - **Judge's Critique** - Judge Merryday described the lawsuit as improper under federal court rules and noted that it contained repetitive and superfluous details [9][11] - The judge highlighted that the first count of defamation was not explained until page 80 of the 85-page complaint [10] - **Trump's Response** - A spokesperson for Trump's legal team confirmed that the president would continue with the lawsuit, emphasizing accountability for what he terms "Fake News" [3] - The lawsuit includes a long list of grievances against The New York Times and claims regarding Trump's political and business successes [9]

Core Points - A federal judge dismissed President Trump's $15 billion defamation lawsuit against The New York Times, labeling it as "decidedly improper and impermissible" but allowed for a shorter amended complaint to be filed within a month [2][4] - The judge criticized the original lawsuit for being excessively lengthy and filled with irrelevant praise and allegations, consuming 85 pages with only a few pages dedicated to the actual claims [2][3] - The judge emphasized that a legal complaint should not serve as a platform for political rhetoric or personal grievances, likening it to a public relations tool rather than a serious legal document [3] Legal Proceedings - Trump and his legal team have 28 days to submit an amended lawsuit, which must not exceed 40 pages, excluding certain elements [4] - The original complaint included Penguin Random House as a defendant due to a book published by them that Trump’s lawyers claimed was defamatory [5] - Trump's legal team expressed intent to hold the media accountable through the lawsuit, while The New York Times welcomed the judge's ruling, indicating the complaint was more political than legal [6]

Core Viewpoint - Donald Trump has filed a $15 billion lawsuit against The New York Times, accusing the publication of being a mouthpiece for the Democratic Party and criticizing its coverage of him [1][2][5]. Group 1: Lawsuit Details - The lawsuit was filed in Florida, a Republican stronghold and Trump's home state [2]. - The lawsuit targets a book written by two New York Times reporters and other articles that Trump claims are critical of him [4]. - The $15 billion figure exceeds The New York Times' market capitalization, indicating the scale of the lawsuit [3]. Group 2: Media Relations - This lawsuit represents a continuation of Trump's confrontational approach towards media organizations, following similar lawsuits against ABC and CBS [3]. - Trump's grievances include The New York Times' support for Kamala Harris during the last presidential campaign and its portrayal of him as unfit for office [5]. - The lawsuit marks a further escalation in Trump's relationship with the media, challenging a significant institution in American society [6].

Core Points - Donald Trump is suing the New York Times for at least $15 billion, claiming a pattern of defamation against him [1][2] - The lawsuit includes allegations against specific journalists and a book that critiques Trump, seeking a jury trial in Florida [2][3] - Trump has previously had limited success in legal actions against the New York Times, contrasting with his recent financial gains from Hollywood [5][6] Group 1 - The lawsuit claims that the New York Times operates as a "full-throated mouthpiece of the Democrat Party" and engages in "industrial-scale defamation" against Trump [2][3] - Trump has made similar legal threats in the past, but many were dismissed or did not materialize until his recent political resurgence [6][7] - The current legal action is part of a broader trend where Trump is actively pursuing lawsuits against perceived enemies and critics [7][8] Group 2 - Trump is also pursuing a $10 billion defamation suit against the Wall Street Journal related to reporting on his connections to Jeffrey Epstein [8][9] - The New York Times has not publicly responded to Trump's latest lawsuit [9]