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BBC Apologizes to Trump for Misleading Edits of His Remarks
Bloomberg Television· 2025-11-11 07:36
Controversy & Resignations - BBC's editing of a documentary featuring Donald Trump's remarks led to accusations of bias [1][2] - The edit involved splicing Trump's speech on January 6th, 2021, potentially misrepresenting his message [1][2] - White House accused BBC of being "100% fake news" and a leftist propaganda machine [3] - Director General Tim Davyy and BBC News CEO Deborah Turnis resigned following the controversy [3] Political & Financial Implications - Donald Trump welcomed the resignations, accusing BBC of attempting to influence the US presidential election [4] - The dispute occurs amidst accusations of bias and criticism of BBC's handling of the war in Gaza [4] - The controversy precedes crucial talks with the UK government regarding BBC's funding model and annual license fee, which could impact the institution's future [4]
BBC Chiefs Quit After Report Criticizes Editing of Trump Speech
Bloomberg Television· 2025-11-10 19:05
The head of the UK's national broadcaster, the BBC, and the boss of BBC News, have quit in a dispute over editing that stretched all the way to the White House. At the center of the Fiori was a documentary by the BBC which featured remarks by Donald Trump. It spliced together sections of the US president's speech on January the 6th, 2021, the day of the capital riots.The edit made Trump appear to say that his supporters should walk down to the capital and fight like hell. In fact, he said they should cheer ...
Arthur Hayes: This Bull Run Ends in 2028
Bankless· 2025-10-14 17:02
This cycle is different than the la the last three if you want to take a look at Chinese credit and US credit which leads me to say there is no four-year cycle at least right now and so we are in sort of a extended cycle we're going to call it new world order change in trade situation whatever right and so I am of the opinion that this cycle ends when the Trump administration ends because it'll be a reaction against Trump whether you like it or not and you know that's a 2028 late 2027 story when the rhetori ...
Tesla's share price losing streak - Is Musk's Trump role distracting him from his day job?
Sky News· 2025-03-10 18:28
Core Viewpoint - Tesla's stock has experienced a significant decline, losing 45% from its peak of $479.86 on December 17, resulting in a loss of over $800 billion in market value, comparable to Poland's annual economic output [2][3] Group 1: Stock Performance - Tesla shares have fallen for seven consecutive weeks, marking the longest losing streak since its IPO 15 years ago, erasing gains made after Trump's election [1] - A quarter of the 40 brokerages covering Tesla now rate it a "strong sell," with Guggenheim Securities predicting a potential further decline of 30% [3] Group 2: Reasons for Decline - Political controversies surrounding Elon Musk, including his association with the Trump administration and recent public behavior, have negatively impacted public perception and customer loyalty [4][5][6] - Tesla's orders in January were down 45% year-on-year in both Europe and China, indicating a loss of market interest [5] Group 3: Market Valuation Concerns - Tesla shares were considered over-priced, trading at 112 times expected earnings at their peak, compared to 25 times for the S&P 500 and 8 times for Ford [11][12] - The stock's valuation was based on high growth expectations, which are now being reassessed as competition from companies like BYD increases [14] Group 4: Operational Challenges - Tesla's operating profits for Q4 2024 fell by 23% year-on-year, attributed to lower average selling prices across its vehicle lines, marking the first year-on-year decline in vehicle deliveries [17][18] - Concerns are growing that Tesla's core operations may be misfiring, compounded by investments in AI and robotics that some investors view as distractions from its primary business [15][16]