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- Howard Lutnick Hypes Don Jr-Backed Magnet Firm as Trump Declares, ‘You Gotta G...
Francis Chung/POLITICO via AP Images President Donald Trump offered an enthusiastic endorsement of magnets during a Friday State Department event, proclaiming, “You gotta go with magnets,” as Commerce Secretary Howard Lutnick plugged Vulcan Elements, a company backed by Donald Trump Jr.’s venture capital firm. Appearing before executives from top mining companies to promote “a series of historic mining projects,” Trump told the audience, “Magnets. You gotta go with magnets. That’s a good one. Everybody should go for magnets. We really badly need it.” Lutnick went on to boast, “Vulcan Elements — $1.4 billion, also to build right here in the United States.” Here, the commerce secretary is referring to a 2025 deal between the Trump administration and the rare-earth magnet startup, which, in Lutnick’s words at the time, was meant to “ensur[e] America’s supply chain is strong, secure and perfectly reliable.” As the Associated Press noted, “The deal includes a $620 million loan from the Department of Defense, $50 million of federal incentives from the Department of Commerce and $550 million in private capital.” Three months before that deal was announced, according to a May ProPublica investigation, Trump Jr.’s firm, 1789 Capital, invested in Vulcan. The outlet further reported that White House senior counselor for trade and manufacturing Peter Navarro personally requested that the Pentagon approve the $620 million loan. Defense officials told the outlet they were instructed to move unusually quickly after receiving the request, with one official recalling, “The call came from the White House: We have to get this done.” And not to mention, Trump has mentioned magnets before. In July, he urged defense contractors to “do magnets” during an appearance at the Pennsylvania Defense & Innovation Summit, emphasizing, “I hope you’re gonna do magnets. Somebody out there, I hope — you’re all brilliant people — magnets. Do magnets, ok? I’ll tell you how to make money. Do magnets.” Trump’s latest push for mining projects also comes as a recent New York Times investigation found that Trump Jr. and Eric Trump secured a financial stake in a U.S.-backed tungsten mining venture in Kazakhstan as Trump and Lutnick helped advance the project and pursued billions of dollars in federal support. The White House denied any conflict of interest, and both Trump brothers said they were not involved in negotiating the deal. Watch the clips above via Fox News.The post Howard Lutnick Hypes Don Jr-Backed Magnet… [TheTopNews] Read More.1 hour ago - Trump Puts Lisa Cook On Notice He Wants to Fire Her Again — Following Supreme ...
(Manuel Balce Ceneta/AP photo) President Donald Trump reignited his bid to remove Lisa Cook as a member of the Federal Reserve Board of Governors this week. A letter signed by White House Deputy Chief of Staff Dan Scavino and sent to Cook by the White House on Wednesday indicates the president is “considering” Cook’s removal. Trump previously tried to remove Cook last year. The letter was shared on social media by PBS News Hour’s White House Correspondent Liz Landers. .@NewsHour obtained this letter the White House sent to Federal Reserve board governor Lisa Cook saying the “president is considering removing you” – offering 3 weeks for her to respond. Supreme Court ruled she was entitled to notice and given a chance to respond to allegations. pic.twitter.com/mcFGDaSwAD — Liz Landers (@ElizLanders) August 7, 2026 Scavino’s letter indicates allegations of mortgage fraud against Cook “may be sufficient to demonstrate that you committed a crime, as you appear to have acquired mortgages that do not meet certain lending requirements and could have received favorable loan terms under fraudulent circumstances.” “Based on these facts, a jury could find that you intended to defraud these institutions for your own benefit, but at a minimum, this conduct was grossly negligent and demonstrates that you are unfit for the office in which you serve as a controlling member of the Federal Reserve,” the letter also reads. “These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve,” attorneys for Cook told The New York Times in a statement. “No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook. As we did before, we will challenge this latest pretext and preserve her position and the historic role of the Fed.” Removing Cook would give Trump the opportunity to replace her with someone more aligned with his administration and policies. The Supreme Court ruled in June that the president does not have the authority to remove Cook from her post in that case, which Trump is clearly trying to relitigate with different circumstances. Bill Pulte initially claimed Cook used a condo in Atlanta as her primary residence two weeks after she took out a loan on a home… [TheTopNews] Read More.1 hour ago - ‘This Is Wonderful!’ James Carville Literally Takes His Hat Off In Sarcastic...
Democratic strategist James Carville mockingly tipped his hat to newly nominated Michigan Senate candidate Abdul El-Sayed during a testy exchange on CNN, dismissing what he portrayed as overblown enthusiasm surrounding the progressive’s primary victory from both the network and pundits as he warned Democrats against the “revolution.” El-Sayed secured the Democratic nomination for the U.S. Senate seat in Michigan this week after defeating moderate Rep. Haley Stevens, who had backing from prominent establishment Democrats, in a closely fought primary. The victory sends El-Sayed into a November showdown with Republican Mike Rogers. His win adds to a string of recent successes for left-leaning candidates in Democratic primaries, though El-Sayed said he is not a democratic socialist; he received backing from prominent members of the Democratic Socialists of America (DSA). Carville appeared on CNN News Central on Friday when anchor Brianna Keilar pointed to recent primary wins by progressive candidates as evidence of a growing populist streak within the Democratic Party. Keilar noted that Senate Minority Leader Chuck Schumer’s preferred candidates had come up short in several high-profile primaries, including Michigan, before asking whether the party’s establishment still had a firm grasp on Democratic voters. Carville pushed back on the broader narrative emerging from El-Sayed’s win, arguing that the significance of the result was being overstated. “I don’t know, and I don’t know if Democratic voters are looking for that. But let me take my hat off,” he said, physically taking off his hat. “You got 48% in a primary, you’re being hailed on CNN as revolutionary, complete tidal wave hitting the United States, it’s the latest greatest thing that ever happened.” He continued: “And what I’m saying here is, I would go a little bit slow maybe if I was analyzing this, and I would also say, you’re going to have your chance in 2028, but boy, we’re all into it- we’re all into the revolution now. And we’re all, ‘wow, yes, this is great, this is wonderful!” “You got to get everybody who voted for your opponent in the primary to vote for you in the general,” he added, warning El-Sayed: “Maybe you need to do some hard political work and develop some political skills that make you more accessible to more voters. That’s just me off the top of my head.” “But excuse me for not being on the bandwagon here that this is a giant movement… [TheTopNews] Read More.2 hours ago - ‘This Is a Dangerous Moment for the United States!’ Leon Panetta Hits Panic ...Former Defense Secretary Leon Panetta warned that reports of U.S. munitions depletions from the Iran war leaves the country in an exceedingly vulnerable position when it comes to Russia and other unfriendly nations. Panetta appeared on CNN Friday after a report saying Russian President Vladimir Putin could launch a limited attack on a U.S. ally in the near future to “test NATO unity.” “I think we have to take this intelligence assessment as a real threat to NATO,” Panetta said. “And we’re going to have to respond. And right now, because our missile systems and our supply of weapons being down, this is a vulnerable period for the United States.” “So, let’s talk about that,” began anchor Omar Jimenez. “Because CNN reported earlier this week that the U.S. military had exhausted nearly 80% of those…missile defense systems. And that senior U.S. military commanders had warned that the Pentagon’s munitions stockpile is dangerously low.” “What do you assess that meaning, not only for the U.S. ability to respond to attacks on its own bases, but also attacks on allies?” Jimenez asked. “Well, it should not have happened,” Panetta said. “I don’t care what excuses you want to use, it should not have happened. And I know that the secretary blamed the deputy secretary, blamed others, but frankly, the buck stops with him.” Panetta continued: It’s poor planning to wind up with your stockpile of key weapons being depleted. And what we’ve been doing is throwing a lot of these missiles, at Iran. We’ve been using them in the Middle East to try to protect some of our Middle Eastern allies. We’ve provided some for Ukraine. And the problem is, we now realize that 80% of our THAADs are down, and our patriots were down almost more than one half…and our stingers were down with all of our critical missile systems at a time when there is a real threat, not only to having to perhaps having to renew our attacks in Iran because of failed negotiations, but also dealing with the threat from Russia, and very frankly, dealing with the threat from China as well, should Xi decide to go into Taiwan. So, this is a dangerous moment for the United States to have the these reduced stockpiles of key weapons at a time when these threats are all real. Watch the clip above via CNN.The post ‘This Is… [TheTopNews] Read More.2 hours ago
- El-Sayed Hits Back After Clip of Him Saying ‘I Hate Mackinac’ Michigan Goes ...
(AP Photo/Paul Sancya) Progressive Michigan Senate candidate Abdul El-Sayed hit back after a clip of him saying “I hate Mackinac” went viral. “Not sure about ‘End Wokeness,’ but I don’t think the most ‘American place in MI’ can be a place that…bans cars,” El-Sayed said on X, in reply to the pro-MAGA account “End Wokeness.” Not sure about “End Wokeness,” but I don’t think the most “American place in MI” can be a place that…bans cars. https://t.co/PGPQklztVO — Dr. Abdul El-Sayed (@AbdulElSayed) August 7, 2026 Mackinac is a car-free island and resort town in Lake Huron. El-Sayed expressed his dislike of the island in a 2020 documentary released after he lost a bid for governor of Michigan. “I hate Mackinac so much,” he said in the doc. “Every time I’ve ever come here I’ve hated it. Why am I here?” The island is also home to the state’s governor’s summer home. Democrats are working to unite behind El-Sayed and the party’s progressive arm as he prepares to face Republican Senate nominee Rep. Mike Rogers (R-MI) in the general election this November. “I think there’s no doubt that, you know, the Republican Party is the Trump Cult and the Democratic Party is a bigger tent. We do have a broad cross-section of people, what they believe, what their experiences are. I think that’s an advantage, but we also have to win general elections,” Hillary Clinton said in an interview with Kara Swisher Friday. She later added, “And the real fight will be how do we make sure that people who voted for Haley feel comfortable voting for Abdul El-Sayed, and how do we get Independents to feel comfortable? And you can see that it’s not just about Michigan, but the Republican messaging is communist, socialist. It’s going to be a very effective attack.” To that end, El-Sayed promised the state’s Jewish voters this week that he will “fight the fight against anti-semitism.” When asked by MS NOW co-host Willie Geist about his opposition to unconditional military aid to Israel, El-Sayed explained, “Yeah, look, I just don’t believe in unconditional foreign military aid. That includes Egypt; that also includes Israel.”The post El-Sayed Hits Back After Clip of Him Saying ‘I Hate Mackinac’ Michigan Goes Viral first appeared on Mediaite. [TheTopNews] Read More.2 hours ago - Carlson Escalates Savage Attacks On ‘Homicidal’ Trump: Proven ‘Incapable o...Tucker Carlson eviscerated President Donald Trump, once his close ally, during a 90-minute monologue this week, claiming that Trump has proven himself “incapable of leadership” by threatening the use of nuclear weapons in Iran. Carlson put out the lengthy clip on Wednesday night under the caption, “Our political system has collapsed into paralysis and looting. Change is coming. Here’s what America should be.” In the video, Carlson laid out a 10-point manifesto for his vision of the future, which has led to widespread speculation he’s gearing up for a third-party presidential run. Before getting to his platform, however, Carlson took some huge swings at Trump. “We are going to wind up, inevitably, with the use of weapons of mass destruction,” he began, adding: And you have one participant—President of the United States—openly threatening that already, on Truth Social, on the internet, for everyone to see: “We’re going to eliminate your civilization.” Well, of course, you can’t do that with Tomahawks, but you can with nuclear weapons. So you have the President of the United States—whatever they tell you—openly threatening the use of nuclear weapons in a conflict that has no immediate or obvious resolution. So where’s that going? Well, toward a nuclear strike. And what happens then, God knows. But if you can even live with that fact—if you could even say, or just acknowledge without words, that yeah, this could wind up with people unleashing nuclear weapons on civilian populations—you’re already around the bend. You’ve already proven yourself incapable of leadership, because that’s crazy. That’s beyond reckless. That’s, well, it’s literally suicidal. And homicidal. Watch the clip above.The post Carlson Escalates Savage Attacks On ‘Homicidal’ Trump: Proven ‘Incapable of Leadership’ first appeared on Mediaite. [TheTopNews] Read More.2 hours ago
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