Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Banishing a reporter: Trump escalates battle with Wall Street Journal over Epstein story

DAVID BAUDER
July 21, 2025

President Donald Trump on Monday followed up his lawsuit against The Wall Street Journal over last week's Jeffrey Epstein story by banishing one of the newspaper's reporters from Air Force One for an upcoming Scotland trip.

The moves reflect Trump's aggressiveness toward media who displease him -- even a media magnate, Rupert Murdoch, with outlets that have been friendly to him in the past.

Trump filed a $10 billion defamation lawsuit against the Journal and Murdoch on Friday because of the newspaper's article about a sexually suggestive letter bearing Trump's name that was included in a 2003 album compiled for alleged sex trafficker Epstein's birthday. The president has denied having anything to do with it.

On Monday, the White House said it was removing a Journal reporter from the pool covering the president's trip this weekend to his golf courses in Turnberry and Aberdeen in Scotland. The Journal's Tarini Parti had been scheduled to cover him on the trip.

"Due to the Wall Street Journal's fake and defamatory conduct, they will not be one of the thirteen outlets on board," White House press secretary Karoline Leavitt said.

The Journal declined comment on the action.

Aggressiveness with the press is in the Trump playbook

It's a tactic the Trump White House has used before. It restricted the access of journalists from The Associated Press to press events when the news outlet would not change its style guidelines to reflect Trump's renaming of the Gulf of Mexico. That launched a legal battle that is wending its way through the courts.

The defamation lawsuit is another tool Trump has used against media outlets. He has sued CBS News for its editing of a "60 Minutes" interview with former opponent Kamala Harris; ABC News for a false statement made by George Stephanopoulos in a story regarding a New York writer who had accused Trump of sexual abuse; and Meta after it removed Trump's social media accounts following the Jan. 6, 2021, attack on the Capitol.

In each of those cases, Trump won multimillion-dollar settlements. But in those instances, news was only one part of a major corporation's business. In the case of Murdoch and News Corp., news is the chief part of his business. The Journal has vowed to fight.

It's also the first time Trump has sued for defamation as a sitting president, and it's not clear whether any president has done that in the past.

"There's nothing inherently wrong with a president bringing a libel suit," said noted free speech attorney Floyd Abrams. "But this claim certainly seems like nothing more or less than an effort to suppress speech that our president finds discomforting. That's not why we have libel law. It's why we have a First Amendment."

News organizations have reacted in varied ways

It's all part of a broader pattern of trying to intimidate news organizations that report stories Trump does not like, said Jameel Jaffer, executive director of the Knight First Amendment Institute at Columbia University.

"These are lawsuits that have no hope of actually succeeding as lawsuits, but nevertheless have the potential to chill media organizations from doing what all of us need them to do," Jaffer said.

Not every news organization has bowed down; "60 Minutes," in fact, did some notably tough stories about the early days of Trump's second administration. But it's impossible to quantify stories that weren't done because of fear of a fight with the White House, he said.

The Wall Street Journal leans conservative editorially, but hasn't been afraid to take Trump on in both its opinion and news sections. Other Murdoch outlets -- Fox News Channel and the New York Post -- are much friendlier to him.

Ever since the administration announced that it would not be releasing additional government files from the case against Epstein, factions of Trump's base supporters have turned on him. That has put some normally supportive news outlets in a difficult position.

Fox News largely avoided the story after Trump suggested his allies stop wasting time on it. But Fox's Howard Kurtz reported on The Wall Street Journal lawsuit on his "Media Buzz" show Sunday, saying that by doing so, "the president has drawn extra attention to the Journal's reporting."

The president's battle with the press has taken on several dimensions. He has been fighting to take away government support for news organizations like Voice of America, and last week the Republican-controlled Congress voted to take away federal funding from NPR and PBS because the president says their news programming is biased against conservatives.

___

David Bauder writes about the intersection of media and entertainment for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social.

Continue Reading...

Popular

Trump Says 5 Jets Downed During India-Pakistan Conflict: '...Shot Out Of The Air'

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Draganfly Stock Is Moving Higher Wednesday: What's Going On?

Dragonfly shares are trading higher Wednesday after the company announced its Cammander3 XL UAV has been selected by the Department of Defense for advanced operation initiatives.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era

NEW YORK (AP) — When limits on liquids were introduced at TSA checkpoints across the country in 2006, bins overflowed with bottled water, toothpaste, shaving cream and so much more. Nearly two decades later, travelers are much more accustomed to the “3-1-1” regulations" governing the size of the liquids they're flying with, but scenes of passengers guzzling a beverage before putting their bags through the screening machines are still common.

Russia insists on achieving Ukraine goals despite Trump's ultimatum

Russia is open to peace with Ukraine, but achieving its goals remains a priority, Kremlin spokesman Dmitry Peskov said Sunday, days after U.S. President to agree to a ceasefire or .

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Carney Faces Cross-Border Pressure Amid High-Stakes US Trade Talks

Carney faces growing criticism at home as Trump threatens steep tariffs amid tense Canada-U.S. trade negotiations.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Trump's 'Happy Crypto Week' Gets Off To Rocky Start As House Suspends Votes On Key Bills

The House of Representatives called off Tuesday’s votes on pivotal cryptocurrency bills, citing a procedural failure.

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

Inside the high-stakes battle to win a New York City casino license

NEW YORK (AP) — A Caesars Palace casino in the heart of Times Square. A sprawling gambling hall along Coney Island’s iconic boardwalk. A Hard Rock casino complex next to the home stadium of baseball’s New York Mets.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Is Costco Stock Topping Out? Key Price Levels To Watch

Costco stock (COST) may have formed a long-term peak. Adhishthana Principles suggest the next move could define the stock's future trajectory.

Russia's Aeroflot cancels dozens of flights after cyberattack causes IT outage

Russian state-owned flagship carrier Aeroflot suffered a mass IT outage Monday following a cyberattack, Russia’s prosecutor’s office said, forcing the airline to cancel more than 100 flights and delay others.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges

Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges.

Tim Walz: Trump 'Brings Out the Worst in Me'

Gov. Tim Walz (D-Minn.) offered a candid reflection on his rhetoric toward Donald Trump, acknowledging regret over earlier inflammatory comments made during the 2024 presidential campaign.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Oklo Stock Hit A New 52-Week High Today: What's Driving The Action?

Shares of advanced nuclear technology company Oklo are trading higher Thursday. The company announced a strategic alliance with Liberty Energy on Wednesday.

Charles Schwab To Launch Bitcoin, Ethereum Trading Services

Charles Schwab (NYSE:SCHW), one of the largest brokerage firms in the United States, has confirmed plans to launch Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Britain and Australia to sign 50-year nuclear submarine treaty

MELBOURNE, Australia (AP) — Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by administration of the United States' role in the trilateral defense deal.

1.4M of the nation's poorest renters risk losing their homes with Trump's proposed HUD time limit

WOODINVILLE, Wash. (AP) — Havalah Hopkins rarely says no to the chain restaurant catering gigs that send her out to Seattle-area events — from church potlucks to office lunches and graduation parties.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Anthropic Study Shows AI Chatbots Can Transfer Their Bad Habits Through Hidden Signals In Data

AI systems can pick up hidden biases from data, leading to safety concerns. Study shows this can happen even with small models sharing architecture.

Trump administration imposes limits on Mexican flights and threatens Delta alliance in trade dispute

The Trump administration imposed new restrictions Saturday on flights from Mexico and threatened to end a longstanding partnership between Delta Air Lines and Aeromexico in response to limits the Mexican government placed on passenger and cargo flights into Mexico City several years ago.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

OpenAI's Sam Altman warns of AI voice fraud crisis in banking

WASHINGTON (AP) — OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service