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'Terrible': Anthony Scaramucci blasts Wall Street subscriptions for Truth Social posts
MSNBC· 2026-08-03 17:51
Anthony Scaramucci, President Donald Trump’s one-time White House communications director, comments on the president's Trump Media & Technology Group offering Wall Street investors early access to Truth Social posts for a subscription of $100,000. Scaramucci calls the practice “terrible,” saying it’s “a lot of different ethics violations.” The subscription, Scaramucci says, illustrates how Trump is focused on generating money and attention. MS NOW: My Source for News, Opinion, and the World. » Subscribe to ...
'As close to insider trader as it gets': Reaction to early access to Trump TS posts for $100k/month
MSNBC· 2026-08-03 14:28
Market Dynamics & Regulatory Compliance - Trump Media launched a new paid data service providing clients with early access to presidential social posts for 100,000 dollars per month, totaling over 1 million dollars annually[1][5][6] - Financial industry analysts compare the early sale of market-moving presidential statements to insider trading, raising significant regulatory concerns[2][3][4][5] - Newsmax partnered with Meta to help train its Artificial Intelligence models, raising concerns about data quality and the propagation of false information[15][16][18] Investment Risks & Market Valuation - A hedge fund managing at least 24 billion dollars collapsed due to massive margin calls after utilizing at least 4 times leverage, creating close to 100 billion dollars of exposure[8][9] - Artificial Intelligence infrastructure investments involve extraordinarily large on-balance sheet and off-balance sheet debt, requiring massive returns on invested capital to justify trillions of dollars in spending[9][10] - Excessive Artificial Intelligence spending is driving up utility and electricity bills in the broader economy while influencing Federal Reserve interest rate policies[11][12] - A 1999-style stock market sell-off resulting in a 20 percent decline from an estimated 80 trillion dollars total stock market value would erase 20 trillion dollars in value and severely impact consumer spending[14]
‘Overt CORRUPTION!’: Fmr. FBI official on Trump selling early access to social media posts
MSNBC· 2026-08-02 21:16
media posts are up for sale and Democratic lawmakers are warning that this could lead to corruption. Trump's media and technology group rolled out a new service yesterday, giving traders and investors who pay up to $100 ,000 a month early access to Trump's post. Now, in a letter to the SEC, Senators Elizabeth Warren and Adam Schiff write, quote, this appears to be an outrageous abuse of the president's office for his personal benefit that undermines everyday investors and the integrity of our markets while ...
Legality of Trump selling early access to ‘market-moving’ social posts is ‘fuzzy’: Finance analyst
MSNBC· 2026-08-02 21:04
Market Dynamics & Compliance Risks - Political figures monetizing advanced access to social media posts for **$100,000** per month, raising severe concerns over potential market manipulation, conflicts of interest, and insider trading[1] - The utilization of artificial intelligence and high-speed trading algorithms by trading firms to exploit early market-moving information by fractions of a second[3] - Legal ambiguities surrounding the commercialization of presidential social media platforms, highlighting systemic regulatory loopholes exploited for financial gain[4][5] Macroeconomic Trends & Monetary Policy - The Federal Reserve maintaining steady short-term interest rates while market-driven long-term interest rates increased due to heightened future inflation expectations[6][7][8] - Elevated market debt issued predominantly by the U.S. government, alongside geopolitical conflicts such as the Iran war, acting as primary drivers for persistent inflation[9] - Consumer spending comprising over **two-thirds** of the Gross Domestic Product (GDP), demonstrating sluggish quarterly growth amid economic uncertainty[10] Industry & Wealth Disparities - The entrenchment of a K-shaped economic divergence where wealthy demographics thrive through stock market wealth accumulation spanning over **two** years, while regular workers face financial strain[11][12][13] - Household cost pressures intensified by surging energy prices exceeding **$4** per gallon alongside renewed food inflation[13]