Trump and Musk trade barbs
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ABC News
2 hours ago
- ABC News
Trump vs Rupert Murdoch over an Epstein article
Sam Hawley: On the one side, there's a media tycoon. On the other, the President of the United States. It has all the makings of a fascinating courtroom drama. Donald Trump is suing Rupert Murdoch and The Wall Street Journal over an article alleging the US President sent a lewd birthday message to Jeffrey Epstein in 2003. Today, media expert Rod Tiffin on the complex relationship between Trump and Murdoch and how the legal proceedings are likely to play out. I'm Sam Hawley on Gadigal land in Sydney. This is ABC News Daily. Sam Hawley: Rod, we're going to have a look at the relationship between two of the most powerful men in the world, that is Donald Trump and Rupert Murdoch, which has dramatically re-entered the spotlight in the last few days. This revolves around a Wall Street Journal article, which is owned, of course, that newspaper by Rupert Murdoch. Just tell me what this article alleged when it appeared in the paper last Friday. Rod Tifffen: Well, it alleges that Donald Trump years ago sent a birthday greeting to Jeffrey Epstein with a sketch of a girl on it. News report: Donald Trump launching yet another lawsuit against the press, this time targeting media mogul Rupert Murdoch and his News Corp empire over an article in The Wall Street Journal. News report: He denies writing the letter, which the journal said included a sexually suggestive drawing and ended with the line, Happy birthday and may every day be another wonderful secret. News report: The president dismissed the letter as fake, saying 'These are not my words, not the way I talk. Also, I don't draw pictures.' News report: The paper says it happened in 2003, which is before Epstein was convicted. It's all adding to the pressure Donald Trump is under over his handling of the Jeffrey Epstein case. Sam Hawley: Now, as soon as this was published, Donald Trump threatened to sue. He said in a post on his social media platform Truth Social he was looking forward to getting Rupert Murdoch to testify in his lawsuit against him. And in Donald Trump's words, the pile of garbage newspaper. So Donald Trump was furious. Rod Tifffen: Murdoch has three main media outlets in the States. He has Fox News, which is unfailingly loyal to Trump. He has the New York Post, which swings around a bit. And he has the Wall Street Journal, where the market incentives are very different. The Wall Street Journal has to keep its credibility with a high flying business audience. Otherwise, they'll go to the New York Times or Washington Post or somewhere. So the Wall Street Journal's coverage of Trump is typically more independent and more probing than, say, Fox News is. So I would imagine that Rupert didn't know this was going to appear before it appeared because he's sort of, you know, at 94 years old, he's more hands off these days and he doesn't actually have the role of chief executive anymore. But I think that the key thing is the Wall Street Journal has to keep up its credibility with its audience. Sam Hawley: But just to put that in context, once upon a time, of course, Rupert Murdoch had great control over what was in these newspapers. He certainly would have been told beforehand if an article like this was to appear. Rod Tifffen: Yes, that's true. Certainly, let's say during Trump's first term, if this appeared, Murdoch would have known in advance. But I'm not at all sure that he knew this in advance. Sam Hawley: All right. Well, he's now involved in an almighty fight with the US president who has indeed sued in the US District Court for the Southern District of Florida. So he's going all out Donald Trump here. Rod Tifffen: Yes. I think the thing is, he's had a record of success since he was reelected, Donald Trump. He's got a settlement from ABC and, you know, CBS paid out a huge settlement for a case that had no substance at all. News report: Paramount has agreed to pay Donald Trump more than 24 million dollars after settling a lawsuit over a televised interview with Kamala Harris. In the lawsuit, Mr Trump alleged the media group deceptively edited an interview with the former Democratic presidential candidate on its 60 Minutes program on CBS. Rod Tifffen: And basically that was seen as its parent company, Paramount, wanting to do favours for Donald Trump. The Washington Post is owned by Jeff Bezos, is leaning over backwards to be nice to him. I think the difference, though, is like Bezos is very keen to get government contracts for his space program. And CBS and ABC have other business interests which depend a lot on the favour and patronage of the president. And this president is all about favour and patronage. But Murdoch doesn't have that. So I'd be certainly very surprised if Murdoch settled any time soon. It would be a huge step down in credibility. It would be a huge blow to his ego because he doesn't like giving in, surrendering on these sorts of things. And he doesn't have any ulterior motives and interests like the other major media corporations do. Sam Hawley: All right, well, Trump is suing News Corp. He's suing Mr. Murdoch. He's suing News Corp's founder, Robert Thompson. News Corp's chief executive. He's suing Dow Jones, the publisher, and he's suing the two journalists involved. So there's a lot of people involved in this lawsuit. That's for sure. Rod Tifffen: All over a birthday card. Yeah. Sam Hawley: Oh, yeah. It's a rather damaging birthday card if the allegations are, in fact, true. And we are not insinuating that they are. But Trump is also after huge damages, not less than $10 billion, he says he wants. Rod Tifffen: Yes, I mean, it's serious, but it's very funny at the same time. The one thing that would make News Corp, make Murdoch settle is if Murdoch was forced to testify in court, because I think he's not really up to doing that anymore. And I think that would be the one threat that would make Murdoch settle. Sam Hawley: Hmm. All right. Well, let's come to the history of this relationship in just a moment. As you mentioned, you don't think Rupert Murdoch will settle. The newspaper is absolutely sticking by its reporting. It's not removed the article. It's still up there for everybody to see. So it's backing in its own journalism at this point, isn't it? Rod Tifffen: It is. And one imagines they went through a pretty strenuous process before they published. I mean, this isn't a fly by night newspaper. It's one of the leading newspapers in America. And it wouldn't publish something like this without doing due diligence beforehand. Sam Hawley: All right, let's get into the history of this relationship, because it has been rather volatile, hasn't it? It's been interesting to watch Rupert Murdoch and his almost reluctance to back Donald Trump, but then sort of falling into line. Just tell me what it was like in the beginning, I guess, back in 2016 during Trump's first pitch for the White House. Rod Tifffen: Well, the beginnings go back even further than that. Rupert Murdoch took over the New York Post in 1976, and Trump was an absolute publicity whore. He was always wanting to get into the paper. And they have a page six column, which is all gossip about politicians and celebrities and so on. And he often featured in that and was often a source for it. And he more or less divorced his wife in the pages of the New York Post. And they were willing to play the game because Trump, they thought Trump was good copy. But Murdoch saw him as just a lightweight, a crooked property developer. So Murdoch was happy to give him publicity, but never had any high opinion of him, either morally or intellectually. Sam Hawley: Hmm. All right. But by 2016, he'd sort of come around, had he? He supported Trump. Rod Tifffen: Well, 2016, Fox News is locked into being on the Republican side of politics. And initially, Murdoch didn't think Trump would be a good candidate. But once Trump won the nomination for the Republicans, Fox News in particular, just and all of the Murdoch empire actually just fell in behind Trump. After the election, Fox News was a faithful outlet for Trump all through the next four years. But then we get to the 2020 election and Trump loses to Biden. And then we've got Trump refusing to accept the result. Got the terrible attack on the Capitol building on January the 6th, 2021. And Murdoch is absolutely appalled. He sees this as an attack on American democracy, American institutions. And he really can't stand the way Trump was behaving. At the same time, though, Fox News had created this audience that believed everything that Trump said. And after the election, Fox's ratings were falling. And in a panic meeting, Murdoch and others said, well, we've got to start going along more with Trump. And then they locked themselves into this false narrative that there was something fishy about the 2020 election. Now, Murdoch was reluctant to go along with this. And in fact, there's evidence of him saying he wants to make Trump history and all this sort of thing. But in the end, the commercial incentives are such that he he toes the line. So you get to 2024 and Fox News is locked in behind Trump. And then, of course, Trump wins. And now the power relationship is all around the other way. Here's Murdoch wanting to be part of the action again. And Trump saying, maybe, maybe not. Sam Hawley: All right, well, Rod, this relationship between Donald Trump and Rupert Murdoch is clearly volatile, but it really is at a new low right now. How ugly do you think this could get? Rod Tifffen: Well, Trump's not known for his subtlety. You know, we've already seen, you know, I'm going to sue his ass and all this sort of talk. I think that it could get very all depends a bit on how the Murdochs respond. And my guess is they will want to take the heat out of it a bit. But I think the Epstein stuff is, it's hard to know because, I mean, Trump has survived so many scandals it would have sunk any other politician. But it seems to me the Epstein stuff and the different excuses they've given for not releasing information and whatever, this seems to be dividing Trump's MAGA base, you know. And it could be that both sides think it's in their interest to keep, you know, for all this to go away. But Trump's drawn a lot more attention to the article than it would have got, you know, by all this. So if I was a spin doctor, I'd say this wasn't a very rational strategy. But maybe that's why I'm not a spin doctor. But, you know, I would think that it could get very ugly. And certainly I can't see the Wall Street Journal rolling over and saying, yes, we got it wrong. Sam Hawley: And who do you think will be the victor then, Murdoch or Trump? We know, don't we, that when things proceed to court, all sorts of information might come to light. Rod Tifffen: Yes. And I think Rupert Murdoch wouldn't want to be having to testify in court. But equally, Trump wouldn't want to have to testify in court where he's cross-examined on his relationship with Jeffrey Epstein. That would be just a nightmare for him. They've got various things in America where president can't be sued during their term of office and that sort of thing. So it could all just be put off until after the next election. Who knows? Maybe it will just peter out. But it doesn't show any sign of that yet. Sam Hawley: Rod Tiffen is an emeritus professor in government and international relations at the University of Sydney. This episode was produced by Sydney Pead and Sam Dunn. Audio production by Cinnamon Nippard. Our supervising producer is David Coady. I'm Sam Hawley. Thanks for listening.
ABC News
2 hours ago
- ABC News
Elon Musk's X says it won't cooperate with 'politically motivated' French probe
Elon Musk's X has accused French prosecutors of launching a "politically-motivated criminal investigation" that threatens its users' free speech, denying all allegations against it and saying it would not cooperate with the probe. Earlier this month, Paris prosecutors stepped up a preliminary probe into the social media platform for suspected algorithmic bias and fraudulent data extraction, authorising police to conduct searches, wire taps and surveillance against Mr Musk and X executives, or summon them to testify. If they do not comply, a judge could issue an arrest warrant. "Based on what we know so far, X believes that this investigation is distorting French law in order to serve a political agenda and, ultimately, restrict free speech," the social network posted on its Global Government Affairs account. "For these reasons, X has not acceded to the French authorities' demands, as we have a legal right to do." It was not immediately clear what sort of request prosecutors had sent to X, but failure to comply with a judicial request can range from a fine to obstruction of justice charges. The Paris prosecutors' office did not respond to a request for comment. X said the probe had been instigated by Eric Bothorel, a French lawmaker, who had accused X of "manipulating its algorithm for 'foreign interference' purposes", an allegation it said was "completely false". Mr Bothorel, in a statement, defended the independence of the French judiciary. "It's a concept that seems completely up-ended in the United States at the moment," he said, adding that France was committed to free speech but not without limits. Musk, a former ally of US President Donald Trump, has accused European governments of attacking free speech and has voiced support for some of the region's far-right parties. The French probe could deepen a rift between Washington and European capitals over what sort of discourse is permitted online, with senior US officials alleging the censoring of right-wing voices around the world. The European Commission has been investigating X for breaching its digital transparency rules against illegal content, known as the Digital Services Act, since late 2023. The social media giant X said Paris prosecutors had requested it hand over data on all user posts for analysis by researchers David Chavalarias and Maziyar Panahi, who it said had both exhibited "open hostility towards X". Mr Chavalarias did not respond to a request for comment. Mr Panahi denied any involvement in the investigation. "My name was mentioned by mistake, based on my previous research projects with David Chavalarias, none of which have ever had any hostile intent toward X," he said in an email. "The fact my name has been mentioned in such an erroneous manner demonstrates how little regard they have for the lives of others … I will not hesitate to pursue legal action for defamation should I receive any form of hate speech." X did not respond to a request for comment on Mr Panahi's statement. It also criticised the fact that it was being investigated under organised crime charges, which could allow police to wire tap its employees' personal devices. Reuters
Perth Now
3 hours ago
- Perth Now
Wall St gains amid focus on trade talks, tech earnings
The S&P 500 and Nasdaq have touched fresh record peaks as investors hoped for trade breakthroughs and geared up for a week of tech earnings that could set the tone for Wall Street. In early trading on Monday, the S&P 500 gained 18.34 points, or 0.29 per cent, to 6,315.13 and the Nasdaq Composite gained 110.40 points, or 0.53 per cent, to 21,006.05 while the Dow Jones Industrial Average rose 38.06 points, or 0.09 per cent, to 44,380.25 - just 1.57 per cent shy of its all-time high. Investors were hoping for some progress in trade talks after US Commerce Secretary Howard Lutnick expressed confidence over striking a trade deal with the European Union. US President Donald Trump has threatened to slap 30 per cent tariffs on imports from Mexico and the EU, keeping markets on edge. The president has also sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 per cent to 50 per cent. Despite Trump's persistent attacks and the August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. All eyes are on marquee names such as Alphabet and Tesla, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Tesla and Alphabet were up 1.7 per cent and 0.5 per cent respectively. "There's still a ton of trade uncertainty, and so I think the focus on earnings has given investors some things to be excited about," said Ross Mayfield, investment strategy analyst at Baird. "There's a lot of optimism around those big tech earnings and AI demand that should continue to help indexes." On Monday, Verizon gained 2.2 per cent after boosting its annual profit forecast. The stock also drove the communications sector, which emerged as the top gainer among other sectors. Meanwhile, shares of Domino's Pizza rose 2.0 per cent after the world's largest pizza chain surpassed analysts' expectations for second-quarter US same-store sales. The week is light on the economic data front, with only notable indicators being weekly jobless claims figures and the July business activity report expected on Thursday. Investors will closely analyse Federal Reserve chair Jerome Powell's remarks on Tuesday for any clues on the US central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut and are now pegging the odds at about 60 per cent for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 2.22-to-1 ratio on the NYSE and by a 2.33-to-1 ratio on the Nasdaq. The S&P 500 posted seven new 52-week highs and four new lows while the Nasdaq Composite recorded 41 new highs and 20 new lows.
