Author

admin

Browsing

President Donald Trump appears to be downplaying talk that some of his long-loyal MAGA supporters are breaking with him over the possibility that the president will order a military strike on Iran.

This amid the nearly week-long daily trading of fire between the Islamic State and Israel, America’s top ally in the Middle East.

‘My supporters are more in love with me today, and I’m more in love with them, more than they even were at election time,’ the president said when asked about a GOP rift between some of his most vocal supporters of his America First agenda, and more traditional national security conservatives.

The president, speaking to reporters on Wednesday on the South Lawn of the White House, added: ‘I may have some people that are a little bit unhappy now, but I have some people that are very happy, and I have people outside of the base that can’t believe that this is happening. They’re so happy.’

Asked if he would order an attack on Iran to prevent Tehran from obtaining nuclear weapons, the president said, ‘I may do it, I may not do it. I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble.’

The prospect of Trump jumping into the incredibly volatile situation in the Middle East is causing plenty of consternation among some of his top political and ideological allies, and creating divisions within MAGA – a rare moment for a movement that’s been firmly supportive of Trump since his 2016 White House campaign.

 

Some top MAGA voices over the past week have argued against any kind of U.S. military involvement with Israel against Iran, arguing it would contradict Trump’s America First policy to keep the nation out of foreign wars. And they say it would repeat the move more than two decades ago by then-President George W. Bush to attack Iraq, which Trump had long criticized on the campaign trail.

Among those speaking out have been conservative commentator Tucker Carlson and Rep. Marjorie Taylor Greene of Georgia, a top Trump House ally.

Also voicing concerns while remaining firmly supportive of the president are Charlie Kirk — the conservative host and MAGA-world figurehead who leads the influential Turning Point USA — and Steve Bannon, a prominent MAGA ally and former top adviser to Trump’s 2016 campaign.

But there’s been plenty of support for Trump, and for attacking Iran, by other top MAGA world voices.

Also defending Trump this week was Vice President JD Vance, who is a top voice in the America First, isolationist wing of the party.

Vance, speaking to both sides, highlighted Tuesday in a social media post that ‘people are right to be worried about foreign entanglement after the last 25 years of idiotic foreign policy.’

But Vance stressed that Trump ‘has earned some trust on this issue.’ 

And the vice president added that ‘having seen this up close and personal, I can assure you that he is only interested in using American military to accomplish the American people’s goals. Whatever he does, that is his focus.’

Trump, speaking with reporters on Wednesday afternoon, said: ‘I don’t want to get involved either, but I’ve been saying for 20 years, maybe longer, that Iran can not have a nuclear weapon.’

‘My supporters are for me. My supporters are America First and Make America Great Again. My supporters don’t want to see Iran have a nuclear weapon,’ the president added.

The current debate within the Republican Party wouldn’t have happened before Trump shook up and remade the GOP over the past decade.

Wayne Lesperance, a veteran political scientist and the president of New England College, highlighted that ‘the divide in the GOP can be traced to Trump’s promises to pull America back from its entanglements in the world.’

And Matthew Bartlett, a Republican strategist who served at the State Department during Trump’s first term, noted that ‘Donald Trump changed the direction of the Republican Party’ when it comes to American military engagements around the world. 

‘That gave him a new coalition and new political power. This new war in the Middle East is certainly threatening that coalition. While we are not yet involved in a war, chances of escalation are dramatically increased and that certainly has ramifications with the MAGA coalition,’ Bartlett warned.

This post appeared first on FOX NEWS

Lawmakers are debating what role Congress should play as the White House weighs its options in Iran. 

Does the legislative body have sole power to declare war, or should that power be ceded to the president?

The back and forth comes as President Donald Trump mulls whether to join Israel in its campaign against Iran or continue pushing for a diplomatic end and return to the negotiating table to hammer out a nuclear deal with the Islamic Republic.

Helping to ignite the arguments on Capitol Hill are a pair of resolutions in the Senate and House that would require debate and a vote before any force is used against Iran. The measures are designed to put a check on Trump’s power and reaffirm Congress’ constitutional authority.

Senators on both sides of the aisle are divided on whether they believe they have sole authority to authorize a strike against Iran or if Trump can do so on his own volition. A predominant argument is that the entire point of supporting Israel is to prevent the Islamic Republic from creating or acquiring a nuclear weapon.

Israel has been successful in taking out a few pieces of infrastructure that were key to that mission but has yet to do real damage to the highly-fortified Fordow Fuel Enrichment Plant and would likely need help from the U.S. to crack through the layers of rock shielding the site.

‘The Constitution says the prerogative to declare war, the power to declare war, is solely from the Congress,’ Sen. Rand Paul, R-Ky, told Fox News Digital. ‘It can’t originate from the White House. There is no constitutional authority for the president to bomb anyone without asking permission first.’

The Constitution divides war powers between Congress and the White House, giving lawmakers the sole power to declare war, while the president acts as the commander in chief directing the military.

Then came the War Powers Act of 1973, which sought to further define those roles and ensure that the president has to give Congress notice within 48 hours of the deployment of troops who can only be deployed for 60 days. Notably, Congress has not formally declared war since World War II.

‘There’s really no argument for why he couldn’t obey the Constitution,’ Paul said. ‘Now, my hope is that he won’t do it, his instincts for restraint would prevail.’

Fox News reached out to the White House for comment.

Sen. John Kennedy, R-La., disagreed with Paul and said he believed Trump had the ability to authorize a strike but acknowledged it was ‘mixed’ and ‘clouded’ when factoring in the War Powers Act.

‘It’s clear that both Congress and the president have a role to play,’ he said. ‘But if you’re suggesting, should the president come to Congress first making that decision, it’s conditioned upon what year you want Congress to make a decision. Sometimes it takes us months, even years, to get nothing done.’

Senate Majority Leader John Thune, R-S.D., told reporters he believed Trump was ‘perfectly in his right to do what he’s done so far’ and reiterated that the ultimate goal was to prevent Iran from having a nuclear weapon.

Senate Republicans have found an unlikely ally among Democrats in Sen. John Fetterman, D-Pa., who has vehemently advocated for Israel while his party has wavered.

Fetterman told Fox News Digital he did not believe a strike on Iran was ‘starting a war,’ echoing Thune’s sentiment that ‘we have a very specific mission to destroy the nuclear facilities. That’s not a war. That is a necessary military … exercise to destroy a nuclear facility.’

And Sen. Ron Johnson, R-Wis., told Fox News Digital ‘it’s never been ruled’ whether the War Powers Act was constitutional, but he noted that the act still gave the president the authority to act as commander in chief.

‘I think it’s pretty much an irrelevant point if President Trump decides to aid Israel with some military action with those bunker-busting bombs,’ Johnson said. ‘It’s well within the timeframe of him coming under some kind of congressional action.’

Still, Sen. Tim Kaine, D-Va., who introduced his war powers resolution Monday, believed the measure was gaining momentum among his colleagues.

Kaine told Fox News Digital that, as events have developed, it made the ‘urgency’ of his resolution more apparent. He also expected it would get a vote in the Senate sometime next week. He argued that some Republicans would ‘very much want to be in the middle of hostilities with Iran.’

‘But the interesting thing is, they’ve never introduced a war authorization because their constituents would say, ‘Are you nuts?’’ he said. ‘And, so, they would like the president to do it, but they wouldn’t want to do it themselves.’

When asked if that was a move to shift blame elsewhere, Kaine said, ‘They think it will, but it won’t.’ 

This post appeared first on FOX NEWS

A Senate fiscal hawk doesn’t believe Republicans can hit their own self-imposed timeline to pass President Donald Trump’s ‘big, beautiful bill.’

Senate Republicans are racing against the clock to finish work on their version of the president’s colossal bill after the House GOP advanced its offering late last month. 

So far, each of the 10 Senate committees has unveiled a portion of the bill and are fine-tuning each chunk to conform with Senate rules and address concerns among varying factions in the conference.

Republican leaders are gunning to put the package on the floor next week, ahead of a scheduled recess for Independence Day, but Sen. Ron Johnson, R-Wis., believes there is enough resistance against the bill to torpedo that timeline.  

‘I think we have enough people that are saying, ‘No, we’re not going to proceed to the bill prior to July 4.’’ he said. ‘We need more time, but I think our efforts now are concentrated.’

Johnson has long been pushing for far deeper cuts in the package, far beyond the goal of $1.5 trillion set in the House’s offering and the pursuit of $2 trillion in cuts in the Senate’s package to begin putting a major dent in the nation’s deficit.

The lawmaker’s remarks came during a press call where he debuted his 31-page report on the GOP’s quest to ram the president’s agenda through Congress. 

The report offered a variety of scenarios of the deficit and growth impacts the Republicans’ plan could have based on varying levels of compound annual growth rates that varied from over 2%, 3% and 4%. 

The report was meant to be a thumb in the face of the Congressional Budget Office’s findings on the bill and overall state of federal spending and deficits. But it also rejected the arguments made by Republican leaders and the White House in its pursuit of showing the reality of the nation’s fiscal health and the effect the ‘big, beautiful bill’ could have on it. 

Ron Johnson acknowledged the sentiments of House Speaker Mike Johnson, R-La., and Trump that the spending cuts achieved in the House product were unprecedented but countered that ‘we’ve faced an unprecedented level of spending increase’ since the pandemic.  

‘You can argue about the twigs and leaves on the forest floor, but I’m forcing everybody to take a step back and look at the look at the forest,’ Ron Johnson said. ‘It’s blazing, and we got to put this forest fire out.’

There are others with varying concerns, including the addition of a debt-ceiling hike and proposed changes to Medicaid, who could form a multi-faceted coalition to tank the bill.

Thune can only afford to lose three votes if he hopes to pass the bill, given that the nature of the budget reconciliation process skirts the filibuster and that Democrats have been iced out of the process thus far.

Ron Johnson noted that he hoped Senate Majority Leader John Thune, R-S.D., wouldn’t put the full bill on the floor next week because ‘I really think it’ll be voted down.’

‘If we do vote it down, I don’t want anybody to interpret it as a slap in the face of either Leader Thune or President Trump,’ Ron Johnson said. ‘It’s just saying, ‘Guys, we need more time. The ball has been in the Senate court for two weeks.’

Johnson has been a proponent of breaking up the megabill into two or three chunks, rather than tackling it all in ‘one fell swoop.’ However, he acknowledged there would need to be some kind of mechanism that would allow lawmakers to have ‘at least two, if not three, bites at the apple.’

‘I understand this process is to kind of jam everybody, but let’s not do what Nancy Pelosi did and say, ‘Hey, got to pass this bill to figure out what’s in it,’’ he added. ‘Let’s know fully what’s in it. Let’s do as President Trump asked. … He wants the Senate to make a better bill.’

This post appeared first on FOX NEWS

A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

This post appeared first on NBC NEWS

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

This post appeared first on NBC NEWS

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

This post appeared first on NBC NEWS

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week’s close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day ‘as a result of strong investor demand.’

Sprott (TSX:SII,NYSE:SII), acting on behalf of the trust, confirmed the agreement, which will see Canaccord Genuity Group (TSX:CF,OTC Pink:CCORF) purchase 11,600,000 units of the trust at a price of US$17.25 each.

The offering, expected to close by June 20 pending regulatory approvals, will fund purchases of uranium oxide concentrates and uranium hexafluoride, in line with the trust’s mandate to hold physical uranium.

The news sparked a rally in uranium stocks on Monday.

On the TSX, major miner Cameco (TSX:CCO,NYSE:CCJ) rose just over 6.5 percent, while NexGen Energy (TSX:NXE,NYSE:NXE) was up 8 percent. Uranium Energy (NYSEAMERICAN:UEC) was up 12.64 percent in the US, and Denison Mines (TSX:DML,NYSEAMERICAN:DNN) jumped 14.8 percent on the TSX.

In Australia, Deep Yellow (ASX:DYLASX:DYL,OTCQX:DYLLF) surged more than 21 percent, while Boss Energy (ASX:BOE,OTCQX:BQSSF) jumped nearly 18 percent and Paladin Energy (ASX:PDN,OTCQX:PALAF) climbed over 15 percent amid investor optimism that the fresh capital injection could tighten the uranium spot market.

The Sprott trust, launched in 2021 and often referred to as SPUT, has been a key player in physically sequestering uranium from global markets, helping to reduce available supply and influence spot pricing trends.

After reaching a 14 year high of US$82 in early 2024, uranium prices trended downward, falling as low as US$64.30 this year. Despite the consolidation phase, experts believe the long-term outlook is positive.

The deal marks one of the most significant capital raises for uranium buying in 2025, and reflects growing institutional confidence in the long-term viability of nuclear energy as part of the clean energy transition.

SPUT’s move also comes amid momentum in US uranium policy. In late May, US President Donald Trump signed a series of executive orders aimed at revitalizing America’s nuclear energy sector. The orders are intended to ramp up domestic uranium production to meet growing power demands, especially from artificial intelligence data centers.

Tech giants like Microsoft (NASDAQ:MSFT), Google and Amazon (NASDAQ:AMZN) have all done nuclear power deals for data centers, honing in on nuclear as a viable solution for their zero-carbon baseload energy needs.

For now, Sprott’s buying spree offers a test of how tight the uranium market really is. With settlement set for later this week, attention will turn to whether its uranium purchases trigger further positive price activity.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com