Category: Not Factual

Wall Street Falls as Strong Jobs Data Signals Fed Rate Hikes

Wall Street experienced a sharp sell-off Friday after the U.S. economy added 172,000 jobs in May, nearly double the expected 88,000, triggering investor concerns about higher interest rates. The Dow Jones declined 0.55%, the Nasdaq fell 3%, and the S&P 500 dropped almost 2% as traders bet the Federal Reserve would raise rates from the current 3.5-3.75% range to 3.75-4% by December. Higher borrowing costs directly threaten tech companies' massive AI infrastructure investments, which currently rely on hundreds of billions in loans.

President Trump responded to the market decline by stating "stocks should go up, not down" and claiming "Growth does not mean inflation," contradicting basic economic relationships between employment, demand, and price pressures that inform Fed decision-making. Trump's assertion that strong job growth automatically benefits stock valuations ignored the market's rational response to inflation signals and the Fed's inflation-fighting mandate.

The Friday downturn extended a broader market decline driven by concerns over tech sector valuations. Microchip maker Broadcom's underwhelming earnings report Thursday sparked fears of overvaluation among major technology firms, erasing over $650 billion from the value of America's semiconductor giants in a single trading session.

Tech stocks face compounding headwinds from rising interest rate expectations and deteriorating earnings outlooks. The sector's reliance on cheap capital to fund AI expansion becomes untenable as borrowing costs rise, forcing a reckoning with inflated asset valuations that assumed continued low-rate financing.

Trump Claims Iran Deal 38 Times in Two Months

Trump has declared an Iran deal imminent 38 times over two months, according to CNN’s count reported by anchors Pamela Brown and Wolf Blitzer on Tuesday. CNN senior White House correspondent Kristen Holmes confirmed that Trump has made nearly identical claims of breakthrough negotiations “at least 37 times in the last two months since the ceasefire began,” with each declaration followed by escalation, stalled talks, or complete collapse of negotiations.

Trump’s latest claim came Monday night after an Iranian drone downed a U.S. Apache helicopter over the Strait of Hormuz, with both pilots rescued. Trump stated the two sides “agreed, through me, to stop” and claimed a “very, very good deal” excluding nuclear weapons could be signed “in two or three days,” while maintaining the U.S. blockade of the Strait would remain in place until a written agreement materialized.

Holmes noted the Iranian government has not commented on Trump’s remarks, and the pattern of claimed breakthroughs followed by escalation or collapse has repeated multiple times. She emphasized that Israeli military strikes on southern Lebanon, which Iran has warned could “blow the entire thing up,” remain a critical variable Trump says he discussed with Benjamin Netanyahu but has failed to prevent.

The reporting underscores a consistent pattern: Trump announces imminent deals without verified Iranian commitment, introduces new conditions, and then either faces renewed conflict or prolonged stalemate. Holmes stated the cycle has repeated so frequently that “it felt like we were saying it every single day,” exposing the disconnect between Trump’s public declarations of progress and the actual state of negotiations.



(Source: https://www.mediaite.com/media/news/cnn-counts-the-eye-popping-amount-of-times-trump-has-claimed-iran-deal-is-close/)

Trump Claims NYC Loves Him After Knicks Booing

President Donald Trump reposted a video on Truth Social early Tuesday morning claiming “NYC loves” him, hours after he was loudly booed at Madison Square Garden during the Knicks’ game against the San Antonio Spurs on Monday night. The video, shared after 2 a.m., showed his motorcade passing 34th Street in Midtown Manhattan with mixed reactions from onlookers, some cheering and others booing as he headed to the arena.

During the game, Trump was loudly booed by the crowd as he appeared on the Jumbotron during the national anthem, with the boos at points drowning out Broadway performer Avery Wilson’s rendition. Basketball fans at watch parties around the city, including Bryant Park, also jeered at Trump, and additional boos continued on 34th Street as his motorcade departed after the Knicks’ 115-111 loss to the Spurs.

When asked by reporters outside Air Force One about the reception, Trump claimed he thought it was “amazing” and that he heard “mostly cheers,” despite video evidence and eyewitness accounts contradicting his characterization. Online observers noted the intensity of the booing, with social media users commenting that the crowd’s disapproval was louder than typical fan reactions.

Trump attended with family, friends, and White House staff, including Interior Secretary Doug Burgess, Transportation Secretary Sean Duffy, EPA Administrator Lee Zeldin, and Knicks owner James Dolan. His attendance required heightened security measures at the arena, including heavy screening, bag restrictions, and restricted access that prevented typical watch parties outside the venue and reduced foot traffic at surrounding sports bars.

New York Rep. Alexandria Ocasio-Cortez criticized Trump’s attendance, stating he should have declined to allow others to enjoy the event without disruption. Trump also faced online mockery after reports he appeared to fall asleep during the game.(Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-knicks-boos-nba-finals-b2992425.html)

Trump’s Plan to Meet With AI Companies Was News to AI Companies – NOTUS — News of the United States

President Donald Trump announced Friday he had scheduled a meeting with major artificial intelligence companies to discuss the government acquiring equity stakes in their firms. The announcement blindsided the companies themselves, who learned of the purported meeting only through Trump’s comments to reporters on Air Force One, according to three sources familiar with private deliberations. As of Monday afternoon, the White House had provided no details about timing or location for the supposed meeting.

Trump stated he would meet with “all of the companies” to discuss how “the American people can benefit from the success of AI” through government ownership of “pieces” of their businesses. However, leading AI firms including OpenAI, Anthropic, SpaceX, and Google declined to confirm any scheduled meeting or prior coordination with the administration. The companies’ surprise at Trump’s public announcement underscores his pattern of using press statements to announce policy positions without advance notification to affected parties.

The proposal to nationalize equity in major AI companies would constitute one of the most consequential federal interventions in the private sector in modern history, forcing firms to forfeit billions in company value and creating novel legal and regulatory complications. Trump has already moved to claim equity stakes across American corporations, including a 10% share of Intel, and has signaled intent to execute similar deals. The AI companies face pressure to comply, as they depend on federal government support for logistics and regulatory matters, making direct confrontation with Trump administratively costly.

Internal disagreement exists within the tech industry about the nationalization proposal. OpenAI CEO Sam Altman pitched the idea to Trump in early 2025 and discussed it again with senior officials recently. However, Anthropic, now valued at $900 billion as the world’s most valuable AI company, had not yet engaged in such discussions as of last week. David Sacks, Trump’s former AI czar, publicly opposed the plan, warning that government ownership would accelerate “corporate-government fusion” and risk establishing “a CCP-style social credit system in the U.S.”

Trump’s unannounced equity nationalization scheme demonstrates his authoritarian approach to governing, using public pressure and coercive threats rather than legitimate negotiation. By announcing policy to the press before consulting affected companies, Trump forced firms into a position where resistance becomes publicly visible and administratively risky. The schem(Source: https://www.notus.org/technology/trump-blindsided-ai-companies-equity-meeting-plan)e consolidates Trump’s control over critical technology sectors essential to national defense and economic competition, embodying his drive toward state control of private enterprise.

Trump Denies War Campaign Promises Despite 2024 Statements

President Donald Trump denied campaigning on ending wars during an NBC interview, contradicting his explicit 2024 campaign promises. Trump told NBC’s Kristen Welker that he “didn’t promise anything” and claimed he made a distinction between wars and “endless” conflicts, stating “I didn’t guarantee no war. Why would I have built the strongest military in the world?” His position directly contradicts his 2024 victory speech where he declared to supporters: “I’m not going to start a war, I’m going to stop wars.”

Trump launched his 2024 campaign with foreign policy centered on blaming the Biden administration for the Ukraine-Russia war and Gaza assault, arguing passive U.S. leadership allowed those conflicts to spiral. He repeatedly claimed Ukraine’s invasion would not have occurred under his presidency, stating in September 2022: “The Ukrainian conflict should never have happened, and would not have happened if I were President.” Trump also spent much of 2025 openly campaigning for the Nobel Peace Prize while cultivating an image as a global peacemaker, a positioning he has largely abandoned.

Trump initiated military conflict with Iran in late February 2025, now over three months old with no end in sight despite White House claims of imminent peace deals. He compared the Iran war to his January military strike on Venezuela, claiming U.S. forces “destroyed the capability of Iran in a matter of days” and “took over Venezuela in a matter of minutes.” On Meet the Press, Trump threatened direct military seizure of Iran’s nuclear materials if negotiations failed, stating he would “take them out militarily very harshly” if no agreement materialized.

The Iran war has created substantial domestic economic damage. The Strait of Hormuz, a key global shipping waterway off Iran’s coast, has remained closed since the conflict began, causing widespread disruptions to global shipping traffic and U.S. agricultural and energy sectors. Gas prices shot up more than one dollar per gallon after the war began in late February, while fertilizer and other goods remain elevated as the Strait stays closed, directly harming farmers and other industries Trump claimed to defend.

Trump stormed out of his Meet the Press interview after clashing with Welker over his false claims about the 2020 election. He also faced criticism over his administration’s lack of economic relief messaging for farmers and industries suffering disruption from the war, while U.S. naval forces have proven unable to forcibly reopen the Strait of Hormuz for months, raising questions about whether the administration was unprepared when the conflict began.(Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-iran-war-endless-campaign-b2991437.html)

Trump Admits Inventing Black Jobless Record Low Claim

President Donald Trump claimed at a Wisconsin event on June 5, 2026, that Black unemployment had reached record lows, then immediately acknowledged he did not know where the statistic originated. Federal data contradicts the claim: the Black unemployment rate stood at 6.6% in May 2026, higher than the 6.2% rate Trump inherited upon taking office in January 2025 and far above the actual record low of 4.8% set under President Joe Biden in April 2023. The claim represents another instance of Trump deploying fabricated statistics to misrepresent economic conditions.

Trump stated, “African American unemployment is now doing better than it’s ever done. And I don’t know where that stat came from, but I’ll take it.” The 6.6% May rate exceeded every monthly rate from March 2022 through December 2024 under Biden and remained above the 5.3% low set during Trump’s first term in 2019. Even the month-to-month improvement Trump referenced, a 0.7-percentage-point decline from April to May 2026, was not unprecedented; a 0.9-point decline occurred under Biden from March to April 2024.

Trump made multiple other false economic claims at the Wisconsin event without questioning their accuracy. He repeated the claim that “$18 trillion” is being invested in the country, a figure the White House’s own website contradicted by citing “$10.6 trillion” for “major investment announcements.” Trump asserted that “25 million” migrants entered the country under Biden; federal records documented under 11 million “encounters” during the Biden administration, with an estimated 2.2 million additional “gotaways” who evaded detection, making the figure nowhere near Trump’s number.

Trump also repeated the false claim that “the Biden administration had the worst inflation in the history of our country.” Peak Biden-era inflation reached 9.1% in June 2022, representing the highest rate in 40 to 41 years, not in U.S. history. The actual all-time high was 23.7% in 1920, and President Jimmy Carter’s peak inflation was 14.8% in 1980. Inflation had declined to 3% by January 2025, when Trump took office.

The White House did not respond to CNN’s requests for explanation of Trump’s Black unemployment claim sent Friday evening and Saturday morning. Trump’s pattern of advancing unverified or demonstrably false economic statistics while sometimes publicly questioning their origin reflects his consistent use of fabricated data to misrepresent his economic record and that of his predecessor.(Source: https://www.cnn.com/2026/06/06/politics/fact-check-trump-black-unemployment)

Trump Imagines Obama Library Will Be a Giant Dumpster

President Donald Trump posted an AI-generated image depicting former President Barack Obama’s presidential library as a giant dumpster surrounded by homeless encampments and tents, captioning it “The Barack Hussein Obama Library, in 10 years, when fully matured!” This marks the second time Trump has circulated dehumanizing fabricated imagery attacking Obama’s library project, which is scheduled to open June 19 in Chicago.

Trump has repeatedly attacked the Obama library’s construction, previously labeling it a “disaster” despite claiming he could have built it better as a “really good builder.” He specifically criticized the Obama Foundation’s commitment to contracting with minority-owned businesses, claiming Obama wanted “woke people” to build the facility. USA Today reported that the foundation stated approximately 35% of subcontractors would be minority-owned businesses, 15% women-owned, and 9% from the greater Chicago area.

The 19-acre Obama presidential library’s final cost reached $850 million, significantly above its initial $300 million projection. Trump’s attacks conflate the library’s legitimate cost increases with inflammatory false imagery designed to demean both Obama and unhoused people, weaponizing homelessness as a rhetorical prop.

Trump announced his own presidential library would “most likely” function as a hotel, with his son Eric unveiling designs for a Miami facility modeled after One World Trade Center in New York City. This arrangement raises direct questions about Trump’s use of presidential projects for personal commercial enrichment, contrasting sharply with traditional presidential libraries operated as nonprofit institutions.

The repeated circulation of fabricated imagery attacking Obama exemplifies Trump’s pattern of using AI-generated deepfakes to attack political opponents and marginalized populations without factual basis. Trump previously shared AI-generated mugshot imagery of Obama and other political figure(Source: https://www.mediaite.com/media/news/trump-imagines-obama-library-will-be-a-giant-dumpster-surrounded-by-homeless-tents/)s, demonstrating an escalating reliance on synthetic media to spread dehumanizing content.

Trump Declares California Election Stolen While Votes Still Counted

Donald Trump declared California’s gubernatorial and Los Angeles mayoral primary elections “stolen” on Truth Social while votes were still being counted, accusing Democrats of “BIG cheating” without presenting evidence. Trump specifically attacked mail-in ballot procedures and vote counting delays, falsely suggesting the extended counting process demonstrated fraud rather than reflecting standard election administration practices.

Trump prematurely congratulated Steve Hilton on winning the gubernatorial primary before results were finalized and pledged federal support contingent on Hilton’s victory, demonstrating his pattern of invoking unsubstantiated claims about California’s election integrity regardless of factual basis. His accusations followed California’s open primary system, in which the top two vote-getters advance to the general election regardless of party affiliation.

These baseless fraud allegations directly replicate Trump’s discredited 2020 election claims, which he weaponized to incite the January 6 Capitol attack and attempt to overturn the presidential result. Trump has repeatedly manufactured election fraud narratives targeting California specifically, including posting inflammatory racist memes attacking Governor Gavin Newsom and other Democratic officials to delegitimize Democratic electoral success.

Trump’s real-time assault on vote counting integrity while ballots remain uncounted constitutes an authoritarian attack on democratic processes and the rule of law. His willingness to declare elections fraudulent before results are known, combined with his premature endorsements tied to federal patronage, demonstrates systematic efforts to undermine electoral legitimacy and subordinate federal power to personal political loyalty.(Source: https://www.independent.co.uk/bulletin/news/trump-maga-california-spencer-pratt-steve-hilton-b2989403.html)

Trump Touts Lincoln Pool Renovation With Misleading Comparison

President Donald Trump used a Wednesday Oval Office event ostensibly focused on executive orders to promote the Lincoln Memorial Reflecting Pool renovation, a project he claims cost $1.5 million and will reopen before July 4. Trump characterized the historic pool as “filthy” and “dirty,” though the structure has operated since 1922 and required only routine maintenance until his administration’s intervention.

Trump displayed a chart titled “Our Pool is Bigger than Skyscrapers” comparing the pool’s dimensions to the height of the Empire State Building and other structures, conflating width and height measurements in a presentation that obscured rather than clarified the project’s actual scale. The reflecting pool project has drawn criticism over both its expense and the contract award process, which bypassed competitive bidding similar to his administration’s other no-bid awards to favored contractors.

Trump also seized the moment to compare his January 6, 2021 National Mall rally attendance to Martin Luther King Jr.’s 1963 “I Have a Dream” speech crowd, claiming he drew equivalent numbers despite documented evidence to the contrary. Trump stated he had “the same amount of people” as King and that his crowd was “tighter,” while admitting media reports cited 25,000 attendees at his rally compared to King’s estimated 250,000.

The National Constitution Center has stated King’s speech drew a crowd closer to 250,000, while no official attendance estimates exist for the January 6 event, which preceded the Capitol riot. Trump’s conflation of the two events and his inflated crowd claims continue a pattern of numerical misrepresentation, previously evident in his false assertions about his 2017 inauguration attendance exceeding Obama’s 2009 turnout.

Trump concluded the pool discussion and signed executive orders related to US customs and civil servant protections before addressing questions about the Iran war, telling reporters that negotiations could produce results “over the weekend.” The reflecting pool renovation remains the centerpiece of Trump’s stated infrastructure priorities during a period when geopolitical tensions and domestic policy challenges demand executive attention.(Source: https://www.yahoo.com/news/politics/articles/pool-bigger-skyscrapers-amid-war-024323250.html)

Trump Attacks CNN’s Collins as Hateful During Oval Office Press

During an Oval Office question-and-answer session on Wednesday, President Trump attacked CNN reporter Kaitlan Collins while discussing his abandoned "Anti-Weaponization fund," a Department of Justice initiative he had claimed would address alleged persecution of his supporters. Trump stated that people aligned with him were "weaponized by the Biden administration" and destroyed through prosecutions, then pivoted to attack Collins directly, describing her as someone with "hatred in her eyes" who "never smiles" and opposing his administration's policies on borders, military strength, and tax cuts.

Trump's assault on Collins exemplifies his pattern of weaponizing the presidency against critical press coverage. His rhetoric conflates legitimate law enforcement actions, including the execution of a lawful search warrant at his Mar-a-Lago residence, with fabricated claims of persecution. He accused CNN of being "crooked as hell" and "a very corrupt organization," extending his long-standing campaign to delegitimize independent journalism and undermine public trust in factual reporting.

The attack on Collins as an individual, focusing on her appearance and emotional expression rather than her reporting, demonstrates Trump's reliance on personal intimidation to silence critical inquiry. CNN responded by defending Collins as "an exceptional journalist" whose reporting from the White House and field maintains credibility with global audiences. This incident reflects Trump's broader assault on the free press as a counter-majoritarian check on executive power.

Trump's invocation of his electoral performance, claiming he "won 87% of the counties" and won by a "massive landslide," continued his pattern of inflating his political mandate to justify authoritarian governance. He framed border enforcement, military expansion, and tax cuts for his interests as popular mandates while dismissing press scrutiny as motivated by hatred rather than professional responsibility, attempting to redefine journalism itself as an enemy of the state.

The incident underscores how Trump exploits the presidency to punish media outlets and individual journalists for coverage he views as unfavorable. By using the Oval Office as a platform for personal attacks against a reporter doing her job, Trump normalizes the conflation of political opposition with disloyalty and redefines the scope of acceptable presidential conduct in ways consistent with authoritarian governance models.

(Source: https://www.mediaite.com/media/news/hatred-in-her-eyes-trump-suddenly-starts-berating-cnns-kaitlan-collins-during-fiery-oval-office-qa/)

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