Trump says Wall Street Journal wants to settle defamation lawsuit
'It's in the lawyer's hands. I've been treated very unfairly by The Wall Street Journal,' Trump told reporters aboard Air Force One, when asked about his lawyers efforts to expedite a deposition from the Journal's owner, Rupert Murdoch.
'They are talking to us about doing something, but we'll see what happens. Maybe, they would like us to drop that,' Trump said, adding 'they want to settle it.'
Trump's suit against the Journal claims that the Epstein story caused 'overwhelming financial and reputational harm' for the president and demands billions in damages.
The president has denied writing the letter detailed in the Journal's reporting, an alleged 2003 birthday message to the late sex offender. According to the outlet, the message appears to bear Trump's signature and included a suggestive drawing.
The White House last week barred the Journal from taking part in Trump's travels to Scotland amid the tensions, drawing pushback from the White House Correspondents' Association.
The judge in the ongoing matter ruled that the lawyers for Murdoch, the billionaire conservative media mogul with whom Trump has feuded in the past, have until Aug. 4 to respond to the request from Trump's team.
Trump has snagged settlements against other major news outlets in recent months as his administration feuds with national media. CBS earlier this month settled for $16 million after the president sued over a '60 Minutes' interview with then-Vice President Harris during the 2024 cycle. And late last year, ABC settled for $15 million a defamation lawsuit Trump filed over an anchor's mischaracterization of a jury verdict finding the president liable for sexual abuse.
The Hill has reached out to Dow Jones, the parent company of the Wall Street Journal, for comment.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Trump rules out Bessent as next Fed chair, says may name Powell replacement soon
President Trump said Tuesday morning that the pool of potential nominees to succeed Federal Reserve Chair Jerome Powell is down to four people, and that Treasury Secretary Scott Bessent will not be nominated for the role. "The two Kevins are doing well, and I have two other people that are doing well," Trump said in an interview with CNBC on Tuesday. The "two Kevins" are in reference to former Fed governor Kevin Warsh and Kevin Hassett, director of the National Economic Council. Asked about Fed Governor Chris Waller and Secretary Bessent, Trump didn't deny that Waller was among the four possible replacements for Powell, but did say that Bessent does not want the job. "I love Scott, but he wants to stay where he is," Trump said. Trump said he may make the decision to announce Powell's replacement "soon," also noting that Fed governor Adriana Kugler is set to leave her post at the end of week and that a nominee for that opening could be announced in the coming days. Asked whether a Kugler replacement could eventually be nominated to replace Powell as Fed chair, Trump said, "that's a possibility, too." Kugler's term as a governor was set to expire on Jan. 31, but she announced last week she will resign on Aug. 8, opening a spot on the Federal Reserve Board for the president to fill. Kugler, who has served as a Fed governor since Sept. 13, 2023, will return to Georgetown University as a professor this fall. Warsh has experience navigating the central bank, serving as Fed governor from 2006 until 2011; Warsh was former Fed Chair Ben Bernanke's liaison to Wall Street during the chaos of the 2008 financial crisis. He is also a known figure to Trump, who interviewed him for the Fed chair post eight years ago before deciding to nominate Powell. Trump nominated Powell to serve as Fed chair in 2017 at the direction of then-Treasury Secretary Steven Mnuchin. Powell's first term as Fed chair began in Feb. 2018. Former President Biden reappointed Powell to another four year term which started in 2022. Powell's current term as Fed chair is set to expire next May. The White House also hopes that Powell will decide to leave the Fed Board of Governors when his chairmanship is up next year, which would open up a second seat Trump can fill. Powell has not yet said whether he intends to do that; his term as a Fed governor is not up until 2028. Warsh has been critical of the Fed of late, suggesting that the Fed could look through inflation related to tariffs because they'd be a one-time increase. He's also argued that the costs involved in renovating the Fed's headquarters represent one of several examples of how the Fed "has lost its way" and that the American people "need a reformer to fix" the institution and rebuild its credibility. "Frankly, it's about breaking some heads," he said on Fox Business last month, calling for "regime change" at the central bank. Hassett, meanwhile, already has a close relationship with Trump, given that he advises the president on economic policy and also served in the first Trump administration. Earlier in the year, Hassett said he was more focused on the 10-year Treasury yield than on any quick monetary policy changes at the Federal Reserve. While the Fed has greater influence on short-term Treasury yields, longer-term yields are influenced by a range of factors outside the Fed and the 10-year holds sway over mortgage rates that more directly weigh on household finances. Recently, Hassett has been more blunt, saying there's no reason why the Fed shouldn't be cutting rates now, something the president has repeatedly hammered the central bank to do. Hassett signaled in an interview Sunday on NBC's Meet the Press that he's open to succeeding Fed Chair Powell if the president chooses him. 'I've been working with the president for about eight years, and, you know, as one of his closest economic advisers, of course, we've talked about the Federal Reserve,' Hassett told NBC. When pressed whether he'd say yes if chosen to be the next Fed Chair, Hassett said, 'we'll have to see if he chooses me.' Meanwhile, Fed Governor Waller — whom the president acknowledged is in the running for chair — dissented at last week's central bank policy meeting along with Fed Governor Michelle Bowman, with both preferring the Fed cut rates by 25 basis rather than keeping interest rates unchanged.
Yahoo
26 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq nudge higher as Wall Street eyes earnings, trade tensions
US stocks pushed higher on Tuesday as Wall Street regained its balance after a tumultuous week and took in the latest wave of corporate earnings. The benchmark S&P 500 (^GSPC) inched up 0.1%, while the blue-chip Dow Jones Industrial Average (^DJI) rose 0.2%. The Nasdaq Composite (^IXIC) was also marginally above the flat line. Palantir (PLTR) stock jumped in early trading after the company's earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time. On Monday, stocks sharply rebounded after tanking on Friday in the aftermath of a number of market-shaking events, including a weak jobs report, fresh tariffs, new signs of rising prices, and President Trump's firing of the commissioner of the Bureau of Labor Statistics. Meanwhile, Trump continued to amp up pressure on trade Monday, threatening to hike tariffs on India. Read more: The latest on Trump's tariffs Wall Street is now focused on the continuation of earnings season. On Tuesday, AMD (AMD) and Rivian (RIVN) are set to report their results. McDonald's (MCD) and Disney (DIS) earnings land Wednesday. However, another trade blow looms later in the week, with Trump's latest iteration of global tariffs set to take effect. Trump rules out Bessent as next Fed chair, says may name Powell replacement soon Yahoo Finance's Jennifer Schonberger and Myles Udland report: President Trump said Tuesday morning that the pool of potential nominees to succeed Federal Reserve Chair Jerome Powell is down to four people, and that Treasury Secretary Scott Bessent will not be nominated for the role. "The two Kevins are doing well, and I have two other people that are doing well," Trump said in an interview with CNBC on Tuesday. The "two Kevins" are in reference to former Fed governor Kevin Warsh and Kevin Hassett, director of the National Economic Council. Asked about Fed Governor Chris Waller and Secretary Bessent, Trump didn't deny that Waller was among the four possible replacements for Powell, but did say that Bessent does not want the job. "I love Scott, but he wants to stay where he is," Trump said. Read more here. Trending tickers in premarket trading: Pfizer, Palantir, Caterpillar Companies reporting earnings topped Yahoo Finance's trending tickers list on Tuesday. Here's a look at how they're trading 30 minutes before the opening bell: Read more live coverage of corporate earnings here. Palantir stock surges on Q2 beat and raise Palantir (PLTR) stock climbed 7% higher in premarket trading on Tuesday following the AI software company's blowout second quarter earnings report on Monday afternoon. Palantir's revenue topped $1 billion in a quarter for the first time as the company dodged government contract spending cuts and reported beat-and-raise results. Year to date, Palantir stock is up 112%. Yahoo Finance's Jake Conley reports: Read more here. Wall Street 2025 bonuses: Winners and losers so far Yahoo Finance's David Hollerith reports: Read more here. Good morning. Here's what's happening today. Economic data: S&P Global US Services PMI (July final) S&P Global US Composite, (July final); ISM services index (July) Earnings: AMD (AMD), BP (BP), Caterpillar (CAT), Duke Energy (DUK), Lucid Group (LCID), Opendoor (OPEN), Pfizer (PFE), Rivian (RIVN), Super Micro Computer (SMCI), Snap (SNAP), Upstart (UPST) Here are some of the biggest stories you may have missed overnight and early this morning: One key reason a slowing economy isn't shaking stock market bulls Wall Street 2025 bonuses: Winners and losers so far Big Tech is power-hungry, and America's aging grid can't keep up Pfizer beats in Q2 earnings, reaffirms 2025 outlook Trump's Fed pick could face resistance from colleagues on rates Intel struggles with key manufacturing process for next chip EU says it expects turbulence in trade relations with US Jefferies sees crowded trade in Big Tech as Fed nears rate cuts US rig decline outpaces efficiency, threatening oil output Autopilot verdict deals Tesla a 'black eye' Pfizer stock rises after beating Q2 earnings, reaffirming 2025 outlook Pfizer (PFE) stock rose 2% in premarket trading Tuesday after beating quarterly estimates on the top and bottom lines. The company posted earnings per share of $0.78, versus estimates of $0.58 per share, on revenue of $14.7 billion, compared to Wall Street expectations of $13.5 billion. Yahoo Finance's Anjalee Khemlani reports: Read more here. One key reason a slowing economy isn't shaking stock market bulls Yahoo finance's senior reporter Josh Schafer looks at why softening economic data may not be as important for stocks as AI: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( saw its Taiwan stock close 2% higher on Tuesday despite reporting a sales slowdown for July. Bloomberg News reports: Read more here. Oil flattened from multi-day drop after Trump's India rebuke Oil prices steadied from a three-day decline following a ramping up of threats from Trump to India over the Asian nation's continued use of Russian crude. Bloomberg reports: Read more here. Trump rules out Bessent as next Fed chair, says may name Powell replacement soon Yahoo Finance's Jennifer Schonberger and Myles Udland report: President Trump said Tuesday morning that the pool of potential nominees to succeed Federal Reserve Chair Jerome Powell is down to four people, and that Treasury Secretary Scott Bessent will not be nominated for the role. "The two Kevins are doing well, and I have two other people that are doing well," Trump said in an interview with CNBC on Tuesday. The "two Kevins" are in reference to former Fed governor Kevin Warsh and Kevin Hassett, director of the National Economic Council. Asked about Fed Governor Chris Waller and Secretary Bessent, Trump didn't deny that Waller was among the four possible replacements for Powell, but did say that Bessent does not want the job. "I love Scott, but he wants to stay where he is," Trump said. Read more here. Yahoo Finance's Jennifer Schonberger and Myles Udland report: President Trump said Tuesday morning that the pool of potential nominees to succeed Federal Reserve Chair Jerome Powell is down to four people, and that Treasury Secretary Scott Bessent will not be nominated for the role. "The two Kevins are doing well, and I have two other people that are doing well," Trump said in an interview with CNBC on Tuesday. The "two Kevins" are in reference to former Fed governor Kevin Warsh and Kevin Hassett, director of the National Economic Council. Asked about Fed Governor Chris Waller and Secretary Bessent, Trump didn't deny that Waller was among the four possible replacements for Powell, but did say that Bessent does not want the job. "I love Scott, but he wants to stay where he is," Trump said. Read more here. Trending tickers in premarket trading: Pfizer, Palantir, Caterpillar Companies reporting earnings topped Yahoo Finance's trending tickers list on Tuesday. Here's a look at how they're trading 30 minutes before the opening bell: Read more live coverage of corporate earnings here. Companies reporting earnings topped Yahoo Finance's trending tickers list on Tuesday. Here's a look at how they're trading 30 minutes before the opening bell: Read more live coverage of corporate earnings here. Palantir stock surges on Q2 beat and raise Palantir (PLTR) stock climbed 7% higher in premarket trading on Tuesday following the AI software company's blowout second quarter earnings report on Monday afternoon. Palantir's revenue topped $1 billion in a quarter for the first time as the company dodged government contract spending cuts and reported beat-and-raise results. Year to date, Palantir stock is up 112%. Yahoo Finance's Jake Conley reports: Read more here. Palantir (PLTR) stock climbed 7% higher in premarket trading on Tuesday following the AI software company's blowout second quarter earnings report on Monday afternoon. Palantir's revenue topped $1 billion in a quarter for the first time as the company dodged government contract spending cuts and reported beat-and-raise results. Year to date, Palantir stock is up 112%. Yahoo Finance's Jake Conley reports: Read more here. Wall Street 2025 bonuses: Winners and losers so far Yahoo Finance's David Hollerith reports: Read more here. Yahoo Finance's David Hollerith reports: Read more here. Good morning. Here's what's happening today. Economic data: S&P Global US Services PMI (July final) S&P Global US Composite, (July final); ISM services index (July) Earnings: AMD (AMD), BP (BP), Caterpillar (CAT), Duke Energy (DUK), Lucid Group (LCID), Opendoor (OPEN), Pfizer (PFE), Rivian (RIVN), Super Micro Computer (SMCI), Snap (SNAP), Upstart (UPST) Here are some of the biggest stories you may have missed overnight and early this morning: One key reason a slowing economy isn't shaking stock market bulls Wall Street 2025 bonuses: Winners and losers so far Big Tech is power-hungry, and America's aging grid can't keep up Pfizer beats in Q2 earnings, reaffirms 2025 outlook Trump's Fed pick could face resistance from colleagues on rates Intel struggles with key manufacturing process for next chip EU says it expects turbulence in trade relations with US Jefferies sees crowded trade in Big Tech as Fed nears rate cuts US rig decline outpaces efficiency, threatening oil output Autopilot verdict deals Tesla a 'black eye' Economic data: S&P Global US Services PMI (July final) S&P Global US Composite, (July final); ISM services index (July) Earnings: AMD (AMD), BP (BP), Caterpillar (CAT), Duke Energy (DUK), Lucid Group (LCID), Opendoor (OPEN), Pfizer (PFE), Rivian (RIVN), Super Micro Computer (SMCI), Snap (SNAP), Upstart (UPST) Here are some of the biggest stories you may have missed overnight and early this morning: One key reason a slowing economy isn't shaking stock market bulls Wall Street 2025 bonuses: Winners and losers so far Big Tech is power-hungry, and America's aging grid can't keep up Pfizer beats in Q2 earnings, reaffirms 2025 outlook Trump's Fed pick could face resistance from colleagues on rates Intel struggles with key manufacturing process for next chip EU says it expects turbulence in trade relations with US Jefferies sees crowded trade in Big Tech as Fed nears rate cuts US rig decline outpaces efficiency, threatening oil output Autopilot verdict deals Tesla a 'black eye' Pfizer stock rises after beating Q2 earnings, reaffirming 2025 outlook Pfizer (PFE) stock rose 2% in premarket trading Tuesday after beating quarterly estimates on the top and bottom lines. The company posted earnings per share of $0.78, versus estimates of $0.58 per share, on revenue of $14.7 billion, compared to Wall Street expectations of $13.5 billion. Yahoo Finance's Anjalee Khemlani reports: Read more here. Pfizer (PFE) stock rose 2% in premarket trading Tuesday after beating quarterly estimates on the top and bottom lines. The company posted earnings per share of $0.78, versus estimates of $0.58 per share, on revenue of $14.7 billion, compared to Wall Street expectations of $13.5 billion. Yahoo Finance's Anjalee Khemlani reports: Read more here. One key reason a slowing economy isn't shaking stock market bulls Yahoo finance's senior reporter Josh Schafer looks at why softening economic data may not be as important for stocks as AI: Read more here. Yahoo finance's senior reporter Josh Schafer looks at why softening economic data may not be as important for stocks as AI: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( saw its Taiwan stock close 2% higher on Tuesday despite reporting a sales slowdown for July. Bloomberg News reports: Read more here. Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( saw its Taiwan stock close 2% higher on Tuesday despite reporting a sales slowdown for July. Bloomberg News reports: Read more here. Oil flattened from multi-day drop after Trump's India rebuke Oil prices steadied from a three-day decline following a ramping up of threats from Trump to India over the Asian nation's continued use of Russian crude. Bloomberg reports: Read more here. Oil prices steadied from a three-day decline following a ramping up of threats from Trump to India over the Asian nation's continued use of Russian crude. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
27 minutes ago
- San Francisco Chronicle
The Latest: Texas Democrats prevent state redistricting by leaving the state
Texas Democrats on Monday prevented their state's House of Representatives from moving forward, at least for now, with a redrawn congressional map sought by President Donald Trump to shore up Republicans' 2026 midterm prospects as his political standing falters. After dozens of Democrats left the state, the Republican-dominated House was unable to establish the quorum of lawmakers required to do business. Texas Gov. Greg Abbott has made threats about removing members who are absent from their seats. Democrats counter that Abbott is using 'smoke and mirrors' to assert legal authority he doesn't have. In California, Democrats encouraged by Gov. Gavin Newsom are considering new political maps that could slash five Republican-held House seats in the liberal-leaning state while bolstering Democratic incumbents in other battleground districts. The move is intended to undercut any GOP gains in Texas, potentially swinging House control and giving Democrats a counterweight to Trump on Capitol Hill. In rejecting jobs report, Trump follows his own playbook of discrediting unfavorable data When the coronavirus surged during Trump's first term, he called for a simple fix: Limit the amount of testing so the deadly outbreak looked less severe. When he lost the 2020 election, he had a ready-made reason: The vote count was fraudulent. And on Friday, when the July jobs report revisions showed a distressed economy, Trump had an answer: He fired the official in charge of the data and called the report of a sharp slowdown in hiring 'phony.' Trump has a go-to playbook if the numbers reveal uncomfortable realities, and that's to discredit or conceal the figures and to attack the messenger — all of which can hurt the president's efforts to convince the world that America is getting stronger. 'Our democratic system and the strength of our private economy depend on the honest flow of information about our economy, our government and our society,' said Douglas Elmendorf, a Harvard University professor who was formerly director of the Congressional Budget Office. 'The Trump administration is trying to suppress honest analysis.' Defending Texas GOP's mid-decade redistricting, Trump says 'We are entitled to five more seats' President Trump defended Texas Republicans' decision to redraw the state's congressional map mid-decade, pointing to Democratic-led states where he says Republicans are underrepresented. 'They did it to us,' Trump said in a TV interview Tuesday. But in many of the states Trump referenced — including California — partisan lawmakers are not in charge of drawing district lines. During the same interview, Trump also lashed out at Illinois Gov. JB Pritzker, who welcomed Texas Democrats to his state after they left to block a vote on the new map. Trump called Pritzker 'probably the dumbest of all governors.' Trump says 'I'd like to run' for president again Touting his 2024 win and 'the best poll numbers,' Trump told CNBC that 'I'd like to run again.' But asked by the hosts if he will, Trump replied, 'Probably not.' The back-and-forth came as Trump heralded his 2024 win in Texas, a record he said 'they say won't be beaten unless I run again.' And Trump threatens to raise tariffs on India within 24 hours Trump said on CNBC that higher tariffs could be coming for India. Last week, Trump said the U.S. said it would impose a 25% tariff on goods from India, plus an additional import tax because of India's purchasing of Russian oil. 'I think I'm going to raise that very substantially over the next 24 hours because they're buying Russian oil, they're fueling the war machine,' Trump said Tuesday. 'And if they're going to do that, then I'm not going to be happy.' The 25% tariffs were part of a flurry of trade activity that included a series of executive actions regarding Brazil, copper and shipments of goods worth less than $800, as well as a reduced 15% tax on imports from South Korea, including its autos. Trump threatens eventual 200% tariffs on pharma The U.S. president said imported pharmaceutical drugs could eventually face tariffs as high as 200%. 'We want pharmaceuticals made in our country,' Trump said in the CNBC interview. Trump said tariffs on pharmaceuticals will be 'initially small,' but that he would hike it to 150% or 200% over the subsequent year and a half. The president also said he would announce tariffs on semiconductors and computer chips. Trump says EU will pay 35% tariffs if $600B investments don't come through Trump told CNBC hosts that 35% tariffs will kick in with the European Union if they don't make good on promised investments in U.S. goods. The president was asked what 'teeth' were in deals to force European officials to make good on their pledges. Trump initially said the EU was paying $650 billion but then rounded the figure down to $600 billion. 'We're a rich country again,' Trump said, adding that the $600 billion investment can go in 'anything I want.' Trump floats 'Kevin and Kevin' for Fed chair The president said he was considering four people for Federal Reserve Chairman Jerome Powell's replacement. Among the top on his list are his current economics director, Kevin Hassett, and former Fed governor Kevin Warsh. 'I think Kevin and Kevin, both Kevins are very good,' Trump said during an interview on CNBC Tuesday morning. He said two other people were in consideration. Not one of them: current Treasury Secretary Scott Bessent, who has indicated to Trump that he wants to stay where he is. 'It'll be one of four people,' he said. 'We're going to make a decision soon.'
