Trump News for Saturday, July 5, 2025

Elon Musk Leaves Trump and MAGA with a Bang And a Smile

Luc Olinga, Gizmodo.com

The world's richest man blew up online MAGA with his new "America Party" and seemed to love every minute of the chaos.

Here's a timeline of the catastrophic Texas floods

Gabrielle Emanuel, NPR

NPR has compiled a timeline of when local, state and federal officials posted warnings on social media as well as the timeline of events as presented by local officials.

Smoking Cessation Aid Cytisinicline Could Soon Get FDA Approval

Joshua P. Cohen, Senior Contributor, Joshua P. Cohen, Senior Contributor https://www.forbes.com/sites/joshuacohen/, Forbes

Besides nicotine replacement therapies, the FDA has only approved two smoking cessation drugs without nicotine. This may change soon if cytisinicline gets approved.

David Lammy first UK minister to visit Syria since 2011 uprising

BBC News

David Lammy said he promoted transparency and accountability in a meeting with Syria's interim president Al-Sharaa.

Elon Musk’s New Political Party Sparks MAGA Backlash Online

Luc Olinga, Gizmodo.com

The tech billionaire's "America Party" announcement, following his break with President Trump, has sparked anger among conservative loyalists on social media

Texas Flood Live Updates: 14 Children Among 32 Killed As Rescue Efforts Continue

Antonio Pequeño IV, Forbes Staff, Antonio Pequeño IV, Forbes Staff https://www.forbes.com/sites/antoniopequenoiv/, Forbes

Flash floods along Texas’ Guadalupe River have killed at least 32 people and also left around 27 people missing.

Elon Musk Announces New ‘America Party’ In Split With Democrats And Republicans

Antonio Pequeño IV, Forbes Staff, Antonio Pequeño IV, Forbes Staff https://www.forbes.com/sites/antoniopequenoiv/, Forbes

Musk, who has distanced himself from Republicans amid his split with President Donald Trump, has suggested his political party will target Congressional seats.

In Texas region prone to catastrophic floods, questions grow about lack of warning

Paul Cobler, The Texas Tribune

Water rose fast along the Guadalupe River, causing more than two dozen deaths. Local officials said they couldn’t have seen it coming.

Joe Rogan “betrayed” by Trump on “insane” ICE raids

CK Smith, Salon

Podcast host says Trump broke promises by targeting workers, not criminals, in recent immigration crackdown

The Prime Reasons to Avoid Amazon

The New Oil, Thenewoil.org

Amazon’s now-legendary “Prime Day” is July 8-11. Much like Black Friday or Cyber Monday, this means sales on lots of items on Amazon’s va...

Hamas requests 'unacceptable' changes to Gaza deal, PMO says

JERUSALEM POST STAFF AND Walla!, Yahoo Entertainment

The reports came after Hamas said it discussed the current deal framework with other Palestinian factions, and they were "unified" in their "positive...

Elon Musk Creates His Own Political Party to Take Down Trump — and Gives It a MAGA-Friendly Name

Yahoo Entertainment

Elon Musk Forms a New Political Party to Challenge Trump and the Republicans

Luc Olinga, Gizmodo.com

The tech billionaire formally declared the "America Party" after President Trump signed his signature bill, setting the stage for a dramatic political confrontation.

Trump administration completes contentious deportations to South Sudan

Al Jazeera, Al Jazeera English

After legal battle, US sends eight detainees to country it has advised citizens not to visit due to 'crime, conflict'.

Trump to Texas: 'Our Secretary of Homeland Security, Kristi Noem, will be there shortly'

Josh Meyer, USA TODAY, USA Today

The President said on social media that, 'Our Brave First Responders are on site doing what they do best,' as search for missing campers continues.

Musk says 'America Party' is formed in US

Reuters, Yahoo Entertainment

"Today, the America Party is formed to give you back your freedom." The announcement from Musk comes after President Donald Trump signed a tax-cut and...

Iran's supreme leader makes first public appearance since Iran-Israel war started

The Associated Press, Yahoo Entertainment

Iran’ s Supreme Leader Ayatollah Ali Khamenei on Saturday made his first public appearance since the 12-day war between Israel and Iran began, attending a...

Victor Davis Hanson Dismantles "Experts" Who Keep Getting Trump Wrong

zerohedge.com, Biztoc.com

Victor Davis Hanson Dismantles "Experts" Who Keep Getting Trump Wrong Via VigilantFox.com Yes, they were all wrong. In spectacular fashion. Victor Davis Hanson just DISMANTLED the so-called “experts” who’ve been wrong about Trump’s policies at every turn. H…

Ukraine's Zelenskiy says latest phone call with Trump his most productive yet

Reuters, Yahoo Entertainment

"Regarding the conversation with the president of the United States, which took place a day earlier, it was probably the best conversation we have had during...

Atlanta Fed's Bostic warns tariff impacts could cause prolonged inflation

Fox Business

Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one...

UN chief ‘strongly condemns’ Russian drone assault on Ukraine

Al Jazeera, Al Jazeera English

Antonio Guterres raises alarm over 'dangerous escalation' after hours-long Russian drone and missile barrage this week.

Trump's 'Shylock' comment draws outcry from Jewish groups

BBC News

Trump described some bankers as "Shylocks" at a rally. He said later he did not realise it was offensive.

Democracy on the brink? Nearly 3 in 4 Americans say yes

CK Smith, Salon

New NPR poll reveals political violence, division fuel fears across party lines as trust in leaders fall

U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets

Omkar Godbole, CoinDesk

The resurgence of U.S. exceptionalism may positively impact bitcoin and stabilize the U.S. dollar.

Mauna Loa Observatory captured the reality of climate change: The US plans to shut it down

Alex Sen Gupta, Katrin Meissner, Timothy H. Raupach, Phys.Org

The greenhouse effect was discovered more than 150 years ago and the first scientific paper linking carbon dioxide levels in the atmosphere with climate change was published in 1896.

Texas floods death toll rises to 27 as rescuers search for missing children

Al Jazeera, Al Jazeera English

Authorities in US state face questions about whether they issued proper warnings before rain-fuelled flooding.

Woman, 22, swept 20 miles down river -- survives in tree...

Patrick Harrington, The-sun.com

A YOUNG woman was miraculously rescued after being swept 20 miles downriver in floods that have killed at least 27 and left dozens of young girls missing. The 22-year-old was scooped up by fast-mov…

Poland Blasts Trump-Putin Dialogue After Drone Strike Escalation

zerohedge.com, Biztoc.com

Poland Blasts Trump-Putin Dialogue After Drone Strike Escalation NATO's largest and most well-protected 'eastern flank' country is angry over President Donald Trump's phone call with Russian President Vladimir Putin this week. Polish Foreign Minister Radek …

Trump Reportedly Told Iran It Was OK To Strike Back After US Attack: 'I Said, 'Go Ahead, I Understand''

benzinga.com, Biztoc.com

President Donald Trump reportedly allowed Iranian leaders to launch a retaliatory attack on a U.S. military base in Qatar in response to the U.S. bombing of Iranian nuclear facilities. What Happened: Trump disclosed this information during a rally in Des Moin…

Apple (AAPL) Stock Upgraded to ‘Hold’ by Jefferies — But Analysts Still Cautious on AI

Ghazal Ahmed, Yahoo Entertainment

Apple Inc. (NASDAQ:AAPL) is one of the 10 Trending AI Stocks on News and Ratings. On July 2, Jefferies upgraded the stock to “Hold” from underperform and...

Goodbye to All That – My Resignation from the FBI

Lawfaremedia.org

My resignation from the FBI. 

Climate, Anti-Wealth Groups Fail To Stymie Demand For Private Jets

Doug Gollan, Contributor, Doug Gollan, Contributor https://www.forbes.com/sites/douggollan/, Forbes

Private jet usage increased 3% year-over-year in the first half of 2025 with big players expanding their fleets. Trump's Big Beautiful Bill could froth the market more.

Search for Texas flood victims enters third day, with more rain forecast

CBC News

The search for more than two dozen children missing from a girls' summer camp hit by flash floods in Texas entered a third day on Sunday, as rescuers faced the threat of more flooding and the death toll in the region reached at least 43.

The "Big Beautiful Bill" destroys science, freedom, equality, and democracy

Dr. Andrea Love, Immunologic.org

The "Big Beautiful Bill" destroys science, freedom, equality, democracy, and collective progress.

Texas floods claim 27 lives, 24 young campers still missing

CK Smith, Salon

Rising waters sweep through Kerrville, with authorities racing against time to find survivors

UK re-establishing diplomatic ties with Syria as Lammy visits Damascus

Al Jazeera, Al Jazeera English

British foreign secretary pledges support for Syria's new government after talks with interim President Ahmed al-Sharaa.

Satoshi-era Bitcoin investor moves $8 billion worth of crypto after 14 years — 80,000 BTC originally bought for less than $200,000

editors@tomshardware.com (Hassam Nasir) , Hassam Nasir, Tom's Hardware UK

An OG Bitcoin investor has moved his stash of 80,000 BTC in an unprecedented transaction worth over $8 billion.

Trump administration deports 8 migrants to South Sudan

Luke Barr, ABC News

The migrants were the subject of a lawsuit that halted their deportation to South Sudan and diverted them to a U.S. military base in Djibouti.

U.S. Recession Odds on Polymarket Plunge to 22% as Trade Tensions Cool

Francisco Rodrigues, CoinDesk

Perceived odds of a U.S. recession peaked at 66% back in April as Wall Street banks were raising red flags, yet they have since plunged as trade negotiations advanced.

24 Dead After Flash Flood in Texas, Nearly 2 Dozen Girls Missing

TMZ Staff, TMZ

At least 24 are dead following a devastating flash flood in central Texas Friday -- and over 20 girls from a Christian girls-only summer camp are still missing. The nearly 2-dozen MIA girls are from Camp Mystic, one of approximately 18 camps along…

Jim Cramer Considers Morgan Stanley a “Tremendous” Investment Bank

Syeda Seirut Javed, Yahoo Entertainment

Morgan Stanley (NYSE:MS) is one of the 22 stocks Jim Cramer recently talked about. Highlighting its recent dividend boost and buyback program, Cramer said: “...

Jim Cramer Calls JPMorgan the “Big Dog in the Banking Sector”

Syeda Seirut Javed, Yahoo Entertainment

JPMorgan Chase & Co. (NYSE:JPM) is one of the 22 stocks Jim Cramer recently talked about. Cramer’s opinion was that the stock is cheap compared to the rest...

Jim Cramer on Etsy: “The Franchise is Worth More Than the Stock”

Syeda Seirut Javed, Yahoo Entertainment

Etsy, Inc. (NASDAQ:ETSY) is one of the 22 stocks Jim Cramer recently talked about. A caller asked if they should hold or sell their position, and Cramer...

Jim Cramer on Procter & Gamble: “They’ll Be Able to Beat the Numbers”

Syeda Seirut Javed, Yahoo Entertainment

The Procter & Gamble Company (NYSE:PG) is one of the 22 stocks Jim Cramer recently talked about. Discussing the impact of the currency on the company, Cramer...

Jim Cramer Says “Whirlpool’s in the Driver’s Seat”

Syeda Seirut Javed, Yahoo Entertainment

Whirlpool Corporation (NYSE:WHR) is one of the 22 stocks Jim Cramer recently talked about. Cramer highlighted that the company is “in the driver’s seat” and ...

Jim Cramer Says RH “Feels Dicey”

Syeda Seirut Javed, Yahoo Entertainment

RH (NYSE:RH) is one of the 22 stocks Jim Cramer recently talked about. Calling it “dicey”, Cramer remarked, “RH… Restoration Hardware feels dicey, especially...

Jim Cramer Says Levi’s “Had a Decent Story”

Syeda Seirut Javed, Yahoo Entertainment

Levi Strauss & Co. (NYSE:LEVI) is one of the 22 stocks Jim Cramer recently talked about. Coming to the company, Cramer said, “Hey, Levi’s had a decent story ...

The New York World

Max Rivlin-Nadler, Daniel Drake, The New York Review of Books

The weekend before the thirty-three-year-old socialist Zohran Mamdani stunned Andrew Cuomo and the city of New York by winning a decisive victory in the mayoral primary race, the NYR Online published an assessment by Max Rivlin-Nadler of the powerful coalitio…

Central Texas flood waters recede as rescuers continue search for victims

Rich McKay, Yahoo Entertainment

(Reuters) -A frantic search continued on Saturday for about two dozen people still missing from a century-old Christian girls' camp in central Texas after...

North Korea has a new luxury beach resort. But the country isn't open to most tourists

Se Eun Gong, NPR

North Korean leader Kim Jong Un said he wants the luxury resort on the eastern seacoast to become a "world destination," but the country has been reluctant to allow in foreign tourists.

New Trump Tax Law Kills Off MGM & Caesars Rewards In 6 Months—Gamblers Will Owe Taxes Even When They Lose

Gary Leff, Viewfromthewing.com

Just before it was voted on, one provision was discovered that made it into the final bill that will kill off casino loyalty programs like MGM Rewards and Caesars Rewards: recording your gambling transactions is going to mean a bigger tax bill, even when you …

Tax Breaks: The Hot Dogs, Fireworks And Taxes Edition

Kelly Phillips Erb, Forbes Staff, Kelly Phillips Erb, Forbes Staff https://www.forbes.com/sites/kellyphillipserb/, Forbes

Plus: The One Big Beautiful Bill Act, fireworks and tariffs, changes in store for stablecoins, hot dogs, Congressional polls, filing deadlines, tax trivia, and more.

Joe Rogan Feels Trump Betrayed Him on Immigration

Luc Olinga, Gizmodo.com

The podcast king, once a prominent supporter of Donald Trump, denounced the president’s aggressive deportation tactics on his wildly popular podcast.

'The Man Who Would Be King': Saudi crown prince pushes for liberalization of his society

NEVILLE TELLER, Yahoo Entertainment

Everyone with an interest in the Middle East will welcome this study by Karen Elliott House of a man who is bound to play a vital role in the region’s future...

For the love of God, please stop interviewing Lindsey Graham

Kirk Swearingen, Salon

Trump's abused sycophant has nothing to say — but he's a symptom of a much bigger media problem

A deadline looms for a new Colorado River plan. What happens if there isn’t one?

Alex Hager, KUNC, Grist

The clock is ticking on the Colorado River. The seven states that use its water are nearing a 2026 deadline to come up with new rules for sharing its shrinking supplies. After more than a year of deadlock, there are rumblings of a new plan, but it’s far from …

How Obama dropped more than 26K bombs on 7 countries without congressional approval in 2016

Nur Ibrahim, Snopes.com

Obama did not obtain an act from Congress to conduct his military operations; however, his actions were not illegal.

Donald and Melania Trump Kiss at White House on Independence Day

TMZ Staff, TMZ

Fireworks were flying between President Donald Trump and First Lady Melania as they celebrated America's Independence Day Friday ... and their lovefest -- followed by some hilarious dance moves -- are forever cemented on video. Watch the PDA-filled…

Don’t call it ‘Alligator Alcatraz.’ Call it a concentration camp

msnbc.com, Biztoc.com

President Donald Trump, Florida Governor Ron DeSantis and Secretary of Homeland Security Kristi Noem tour a migrant detention center, dubbed "Alligator Alcatraz," located at the site of the Dade-Collier Training and Transition Airport in Ochopee, Florida on J…

The GOP megabill fulfills JD Vance’s incredibly depressing vision of patriotism

msnbc.com, Biztoc.com

The megabill President Donald Trump just signed is remarkably unpopular. Even Fox News admits that according to polls, “Americans are far from thrilled with the measure.” On Monday, Vice President JD Vance took to social media to put some steel in GOP spines.…

One Big Beautiful Bill & Job Growth Send Stocks To New Highs

Bill Stone, Contributor, Bill Stone, Contributor https://www.forbes.com/sites/bill_stone/, Forbes

Better-than-expected job growth and passage of tax cuts propelled stocks to all-time highs. President Trump’s July 9 tariff deadline should be the focus this week.

Tesla hit with surprising sales update in key US market — here's what's happening

Zachary Ehrmann, Yahoo Entertainment

Several factors are at play.

Wild New Satoshi Nakamoto Theory Emerges From Massive $8 Billion Bitcoin Transfer Mystery

Billy Bambrough, Senior Contributor, Billy Bambrough, Senior Contributor https://www.forbes.com/sites/billybambrough/, Forbes

Bitcoin has rocketed higher over the last 10 years, confounding its critics and making its mysterious creator Satoshi Nakamoto potentially one of the world’s richest people...

OPEC+ will boost supply even faster with larger August hike

Fiona MacDonald, Yahoo Entertainment

(Bloomberg) -- OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong ...

No, Black people may not be joining all of your protests. But they are still resisting

Tatyana Tandanpolie, Salon

Black Americans’ call to sit out of Trump protests and marches post-election hasn’t exactly translated to inaction.

Android May Soon Warn You About Fake Cell Towers

Matt Burgess, Wired

Plus: Iran-linked hackers threaten to release Trump campaign emails, Chinese hackers still in US telecoms networks, and an abusive deepfake website plans an expansion.

These 26 Rich Private Colleges Just Got A Tax Cut From Republicans

Emma Whitford, Forbes Staff, Emma Whitford, Forbes Staff https://www.forbes.com/sites/emmawhitford/, Forbes

While 11 schools, including Princeton, MIT, Yale and Harvard. were hit with a higher tax on their endowments, Congress exempted wealthy small schools, including Swarthmore, Amherst, Hillsdale and CalTech, from the levy.

Instead of disruption, let’s organize helpful protests

Martin Skladany, Salon

Playing the long game against Trump demands different forms of resistance

Lam Research Corp (LRCX) Is Too Cheap to Ignore, Says Jim Cramer

Ramish Cheema, Yahoo Entertainment

We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. Lam Research Corp (NASDAQ:LRCX) is one of the stocks Jim Cramer...

NIKE, Inc. (NKE) Is Up Because People Say “Ooh I Want To Be In Nike,” Says Jim Cramer

Ramish Cheema, Yahoo Entertainment

We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently ...

Here are all the EVs that are set to get more expensive now that the 'Big Beautiful Bill' has passed

tcarter@businessinsider.com (Tom Carter), Business Insider

The US House of Representatives voted to kill off the $7,500 tax credit for new electric vehicles by passing Trump's "Big, Beautiful Bill."

Apple Inc. (AAPL): People Are Tired Of The Stock Buybacks, Says Jim Cramer

Ramish Cheema, Yahoo Entertainment

We recently published Jim Cramer Recently Discussed These 11 Stocks & Said The Robots Are Coming. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer...

The Trump administration has begun garnishing wages of student loan borrowers in default. These are the benefits businesses can offer employees to help with their debt

fortune.com, Biztoc.com

The Trump administration has begun garnishing wages of student loan borrowers in default. These are the benefits businesses can offer employees to help with their debt A worried student loan borrower checking their debt balance. MementoJpeg—Getty Images

The Rise of AI Is Making Life Even Harder for Real People in Gaza

Matt Novak, Gizmodo.com

Gizmodo spoke with desperate Palestinians who were accused of being AI creations.

Ghost factories are a warning sign for green manufacturing’s future

Saijel Kishan, Yahoo Entertainment

(Bloomberg) -- The vast tract of land off Route 85 was meant to be a symbol of Made-in-America manufacturing. A billion-dollar battery factory was going to...

The Problem With Having the Mightiest Air Force in History

Phillips Payson O’Brien, The Atlantic

American leaders refuse to learn from allies and overestimate the benefits of showy tactical attacks.

We’re Publishing the Speech That Harvard Suppressed for Mentioning Genocide

Akela Lacy, The Intercept

“I wanted to center Palestine,” a Harvard commencement speaker told The Intercept. Read and watch her speech. The post We’re Publishing the Speech That Harvard Suppressed for Mentioning Genocide appeared first on The Intercept.

Megabill negotiations show Vance is a key player in the Trump administration

Hannah Demissie, ABC News

JD Vance has demonstrated his ability to become a key player in the Trump administration, serving as the president's most prominent advocate and advancing his agenda.

Will Trump's megabill help Democrats win the House?

Domenico Montanaro, NPR

Democrats feel that Trump's tax and spending bill gives them an opening ahead of the 2026 midterms. But if they want to win back the House, they're going to have to get their own house in order first.

'Buy now, pay later' purchases can now affect your credit score. Here's what that means

Laurel Wamsley, NPR

Services that split up payments into installments are increasingly popular, especially among young and low-to-middle income shoppers. But now the FICO credit scoring company will be tracking that debt.

How Trump's “Big Beautiful Bill” May Reshape Gen-Z Retirement Strategies?

Alejandra Rojas, Contributor, Alejandra Rojas, Contributor https://www.forbes.com/sites/alejandrarojas/, Forbes

Trump's policy bill includes retirement benefit modifications, and broad fiscal reforms. How is it going to impact Gen-Z retirment?

Are Deals Back? IPOs, M&A Recover After 'Liberation Day' Blip

Nisha Gopalan, Investopedia

Deal activity is picking up as investors ride the AI wave and markets hit fresh record highs, helping 2025 look like a boom year for IPOs and M&A.

Iran has not agreed to inspections or given up enrichment, says Trump

Al Jazeera, Al Jazeera English

The US leader says he will not allow Tehran to resume its nuclear programme, adding Iranian officials want to meet him.

Calgary Stampede: What the Greatest Outdoor Show on Earth says about the economy

CBC News

It's been a tough rodeo for Canada's economy so far this year, ever since U.S. President Donald Trump sparked a tumultuous trade war with wide-ranging impacts on consumer spending, jobs and travel plans. But those economic worries seem largely in the rearview…

Russia-Ukraine war: List of key events, day 1,227

Al Jazeera, Al Jazeera English

Here are the key events on day 1,227 of Russia’s war on Ukraine.

Trump says tariff letters to 12 countries signed, going out Monday

Andrea Shalal, Yahoo Entertainment

U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United...

Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel

reuters.com, Biztoc.com