(Bloomberg) -- A record jump in the price of cellular phone services helped tip a key measure of US inflation above forecasts, likely sealing the deal for a Federal Reserve interest-rate increase next week.
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Trump's $5,000 Payout Promise Underscores GOP Midterm Peril
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#reserve #midterm

Sen. Ted Cruz (Texas), a prominent conservative voice in the Senate GOP conference, says he's willing to support President Trump's proposal to give $5,000 dividend payments to U.S. adults provided that they are structured as tax refunds and go to people who work and pay taxes.
Asked about Trump's proposal, Cruz told Fox News's Jesse Watters that his support "depends on how it's structured."
"I would like to see it structured as a tax refund," he said. "I would be all for structuring it as a tax refund."
"But I think we should be incentivizing work. I don't think we should be paying people that are not working," he argued.
Trump unveiled the proposal at the GOP midterm convention in Dallas and has drawn pushback from both Republican moderates and conservatives.

#texas

Rep. Brandon Gill, R-Texas, generated another viral moment on Wednesday during his speech at the Republican midterm convention — and he says he's not sorry.
Gill opened his remarks with a land acknowledgment, a growing trend among Democratic politicians to begin speeches by noting the Native American tribes who historically lived on the land their events are on.
"I'd like to acknowledge that we stand here today in the great state of Texas and the United States of America is the ancestral homeland of great American patriots, pioneers and explorers who put down roots, fight for freedom all over the globe and bled and died to build the greatest civilization ever known to man," Gill said, the Republican crowd roaring in response.
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U.S. Rep. Brandon Gill speaks on stage on the first day of the 2026 Republican National Convention at the American Airlines Center on September 9, 2026, in Dallas, Texas.

#republican #convention #great

President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party's sagging fortunes in November.
The dubious promise would most likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country's nearly $1.8 trillion annual budget deficit and concerns about inflation.
"If the Republicans win, you win with us and you get $5,000," Trump said during the GOP's midterm convention in Dallas. "It will be called the Trump Dividend."
He likened the payments to a corporation's distributions to shareholders, citing "our tremendous strength and success economically."
Within an hour, Vice President JD Vance appeared to try to walk back Trump's proposal — at least in part — by suggesting the dividend payments would not go to the wealthy. Vance suggested it could be paid for by U.S. tariff revenues, though the suggested payment dwarfs what the U.S. has taken in through the protectionist measures.

#president #republicans #midterm #suggested

CNN correspondent Donie O'Sullivan delivered a near-perfect demonstration Thursday of what happens when a troll arrives hungry for a viral hit only to discover his intended victim seems to be bemused by the shtick, leaving him performing the confrontation largely by himself.
MAGA provocateur Alex Stein approached O'Sullivan as the CNN reporter was setting up a camera at President Donald Trump's GOP midterm convention in Dallas, Texas, already filming and apparently ready for confrontation.
Confronting CNN Goblin Donie O'Sullivan pic.twitter.com/v1sU6HfD8E
— Alex Stein #99 (alexstein99) September 10, 2026
"Listen, why do we have a CNN midget like this here? We've got the corrupt news network here…" Stein began.

#here

By Mike Dolan
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf ‌shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's ‌U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.

#thursday #attacks #buyback

September S&P 500 E-Mini futures (ESU26) are down -0.15%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.66% this morning as rising oil prices and bond yields weigh on investor sentiment ahead of crucial U.S. producer inflation data and earnings from debt-loaded AI hyperscaler Oracle.
Oil prices extended their advance on Thursday as escalating attacks between the U.S. and Iran risked prolonging disruptions to energy flows in the Middle East. Brent crude rose above $103 a barrel, while WTI crude climbed above $99 a barrel. A senior Iranian official said on Wednesday that Tehran has no plans to back down in the face of an American naval blockade and will intensify its strikes if the U.S. continues attacking its territory. Also, Iran's Islamic Revolutionary Guard warned on Wednesday of additional restrictions on shipping around the Strait of Hormuz. Meanwhile, U.S. President Donald Trump said the war with Iran would not end until after the November midterm elections.
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#Iran

DALLAS - Some Republicans are saying they are worried about the cost and inflationary impacts of President Donald Trump's pledge to give American adults a $5,000 dividend if the GOP maintains control of Congress after the midterm election.
While a few Republicans expressed enthusiasm - Sen Bernie Moreno (R-Ohio) said on X he will "get a bill ready" to get the dividend "passed immediately" after the election - a number of them expressed skepticism about Trump's promise.
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Several lawmakers, including Rep. Monica De La Cruz (R-Texas), who is facing a competitive reelection bid, said Trump's speech was the first "we all heard about" the dividend proposal.
"We're going to see what, actually, [and] how this plays out," said Scott Singer (R-Florida), who also first heard about the dividends during Trump's speech and is running in a swing district. "We'll actually see the specifics, but I believe tax cuts are going to provide the benefits that we need."

#post #expressed #heard

WASHINGTON (AP) — President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won't come down until after U.S. midterm elections.
Oil prices on Wednesday jumped more than 3%, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.
"Right after the election, oil prices are going to be tumbling downward," Trump said. "I think it's going to take a little bit longer than the midterm."
The comments were a striking acknowledgment from Trump about the conflict as his Republican administration faces mounting pressure to address high gas prices as the war in Iran grinds on with no conclusion in sight.
Trump, in an exchange with reporters before traveling to Dallas for the midterm Republican convention, added that he believes Iran will finally relent after the pivotal elections are held in the U.S.

#midterm

By Steve Holland and David Shepardson
WASHINGTON, Sept 9 (Reuters) - U.S. President Donald Trump departed Washington for Texas ‌on Wednesday aboard the Air Force One plane ‌gifted by Qatar after an emergency slide was accidentally deployed and was removed.
Military personnel accidentally triggered the slide, a person briefed on the matter told Reuters.
The slide was activated shortly before Trump was due to board for a flight to ‌Dallas for the first-ever Republican ⁠midterm convention. The issue briefly delayed Trump's departure.
Asked by a journalist whether he was sure that ⁠the plane was safe to fly, Trump said: "Yeah, I am, or I wouldn't be on it."

#slide #steve #holland

A reporter asked Trump why he needed to give voters $5,000 if his economic policies were working.
It didn't go well.
He blamed Biden, and leaned forward and glared at her when she tried a follow-up question.
A reporter asked President Donald Trump why he needed to incentivize voters with a $5,000 check if his economic policies were working, and it seemed to strike a nerve.
On Wednesday, Trump told the Republican Party's midterm convention that every US citizen would receive a $5,000 "Trump dividend" if Republicans retain control of both chambers of Congress in November's midterms.

#voters

Sen. John Fetterman has faced a tide of public criticism from fellow Democrats as he stakes out lonely ground as a critic of the far-left wing of his party — and another wave rolled in Wednesday after he made a surprise video appearance at the Republican midterm convention.
So far, however, his Senate colleagues haven't joined the pile-on.
Democratic senators are staying above the fray as they work to flip the majority in November amid constant speculation that the 57-year-old Pennsylvanian could trigger a nightmare scenario by leaving the party and caucusing with the GOP.
Some have worked to publicly bat down suggestions that Fetterman could abandon Democrats for the final two years of his term — something he has denied considering, even as he continues to raise eyebrows with his outspoken support of Israel, bashing of democratic socialists and close relationships with Senate Republicans.
"John Fetterman is a friend and an important member of our caucus. It's a waste of energy to get spun up about his voting record or place in our party — he votes with us 90 percent of the time," Democratic Sen. Peter Welch of Vermont, who is close with Fetterman, said in a statement to POLITICO before the convention appearance. "We need a big tent if we're going to win in November."

#party #democrats #appearance

Shouts of "he should be shot" could be heard multiple times Thursday night at the Republican midterm convention as Texas Sen. Ted Cruz was criticizing prominent Democratic politicians by name.
Cruz mentioned three Democrats — New York City Mayor Zohran Mamdani, Michigan Senate nominee Abdul El-Sayed and Texas Senate candidate James Talarico. After each name, there were shouts audible on the broadcast of "He should be shot!"
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It was unclear if Cruz heard the shouts, and representatives for the senator and the Republican National Committee did not immediately respond to requests for comment.

#senate #name

Listen
(3 min)
1525 ET – Oil futures settle at their highest level since May 22 as strikes between the U.S. and Iran escalate and Houthis step up attacks on Saudi oil facilities. The escalation is cause for concern as inventories are low and drawing down and it doesn’t look like the U.S. is making any progress with the conflict, says John Deal, managing director of capital markets at Post Oak Group. “I frankly think we’re in really risky territory right now,” he says, with significant risk of damage to infrastructure in Saudi Arabia. “I wouldn’t be surprised, if this conflict doesn’t wrap up soon, I think we could be looking at prices over $100 maybe as high as $120.” Brent settles up 3.4% at $101.21 a barrel, and WTI rises 3.2% to $96.05. (anthony.harrupwsj.com)
1233 ET – Renewed fighting between the U.S. and Iran is dimming prospects for an agreement to settle the conflict, creating scope for sustained upside in crude, says Nikos Tzabouras of Tradu. But crude oil continues to find a way out of the Persian Gulf and the U.S. still prefers to pressure Tehran and its enablers through economic measures, he adds. “President Trump may also be incentivized to seek an off-ramp as the conflict increasingly clashes with his domestic agenda, with the midterms getting closer.” WTI is up 3.5% at $96.25 a barrel and Brent gains 3.2% to $101.08.(anthony.harrupwsj.com)

#saudi #anthony

Crypto advocates and community bankers are taking their fight over the Clarity Act to senators' home states ahead of a key vote next week.
The Senate is scheduled to hold a procedural vote on the Clarity Act⁠ on September 15. The legislation would establish federal rules for digital ******* ets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
According to a report by Reuters, during the August recess, both sides targeted senators with meetings, local events, op-eds, calls, emails, and advertising.
Stand With Crypto, a Coinbase-backed advocacy group that says it has 3 million supporters, said members called or emailed Congress nearly 50,000 times in August while organizing events and placing pro-Clarity Act op-eds in local newspapers. In Georgia, chapter president Tia Williams met with staff for Democratic Senator Raphael Warnock, who voted against advancing the bill out of the Senate Banking Committee.
Crypto groups have already spent at least $190 million ahead of the November midterm elections.

#Crypto #august #ahead #vote

During his keynote speech at the GOP midterm convention, President Trump announced direct payments of $5,000 to 'every adult citizen' in the United States. Such a measure would cost more than $1 trillion.

#states

Republican Texas Attorney General Ken Paxton compared his U.S. Senate race against Democrat James Talarico to a fight for America, speaking at the GOP midterm convention in Dallas.

#republican #james

WASHINGTON (AP) — Donald Trump's pitch to send Americans $5,000 checks should Republicans prevail in the November midterms is drawing scorn from some members of Congress — the very people who have constitutional authority over federal spending.
Economists and other political observers are voicing concerns about the potential effects on inflation and the national balance sheet. Taken together, it's a swift reaction that makes clear that Trump's dubious election-year gambit is likely little more than another grand promise from a politician with a long history of them.
"Donald Trump is a known liar. This is the biggest liar to ever serve in government. Period," said Rep. Robert Garcia, a California Democrat who was in Dallas on Thursday as part of his party's effort to counter Republicans' midterm convention. "The dividend is not happening."
Trump previously pledged to use savings from the Department of Government Efficiency and revenue from tariffs on foreign imports to distribute payments of $2,000 or more, but none of that came to pass.
His latest idea comes as the U.S. economy is reckoning with persistent inflation and rising interest rates, two forces that have politically undermined Republicans after previously helping them reclaim power from Democrats. Trump claimed the payments would be possible because of the economy's strength, yet consumer sentiment is weak as gasoline prices are increasing because of the war with Iran and wages are struggling to keep pace with inflation.

#inflation

In a Fox News exclusive interview, Democratic Senate candidate James Talarico came out in favor of banning gender surgery for minors and opposed transgender-identifying men competing in women's sports.
Talarico also backtracked on several of his more controversial claims, including saying there are six genders and that "God is nonbinary."
This comes as the Texas Senate race, which is surprisingly close according to recent Fox News polling, enters its final months. The race is considered critical to both parties' chances of securing a Senate majority. Talarico is facing Texas Attorney General Ken Paxton, a Republican who has faced controversies of his own. A Republican loss in Texas would significantly impact President Donald Trump's ability to implement his agenda.
Fox News spoke with Talarico at a food drive campaign event in Dallas on Tuesday. Talarico's event took place as the first-ever GOP midterm convention kicked off just miles away in downtown Dallas.
Talarico Campaigns With Surgeon Who Operated On Transgender Minors: 'Wolf In Sheep's Clothing'

#talarico #transgender #democratic

By Saqib Iqbal Ahmed
NEW YORK, Sept 9 (Reuters) - With two months until the U.S. midterm elections, the options market is showing a potentially toxic mix of fragility and fearlessness, with some ******* ysts worried markets are ill-prepared to absorb any shock.
Despite recent bond market volatility, stocks remain near record highs, volatility ‌measures are near 2026 lows, and equity market correlations are flirting with record lows, meaning stocks are moving more independently than usual.
While ******* ysts do not expect the ‌elections themselves to prompt a big market reaction, the run-up to the November 3 vote could be volatile.
As the elections approach, investor focus could turn to the uncertainty over control of Congress and its policy implications — along with the risk of a divided or fragile government — which could stir volatility, ******* ysts said.

#market #record #iqbal

Hasan Piker was shocked to discover his bulge was on display for everyone to see at the Republican National Committee's midterm convention.
A photo of the left-wing political commentator posing in his underwear was shown on a more than 25-foot-tall display screen in front of a convention center full of conservative politicians in Dallas, Texas, on Sept. 9.
Piker reacted to the RNC using his nearly nude selfie on opening day of the convention while watching footage of the event on a livestream.
"Oh my god, what is going on? No, no, no, no, " the popular influencer said.
"Nooo!" he added while laughing. "They f*cking posted the meat pic! Nooo! Yo! They posted the meat pic at the f*cking Trumpalooza!"

#piker #display

US stocks sank on Thursday morning as oil prices and Treasury yields continued to climb and investors ******* sed fresh wholesale inflation data.
The Dow Jones Industrial Average (^DJI) fell 0.5%, while the S&P 500 (^GSPC) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) dropped 0.5%, with all three indexes deepening losses from the past three days.
Stocks have cooled this week as oil prices topped $105 per barrel after Iran targeted US Navy warships in the latest escalation in the Middle East conflict. The move higher in oil has helped support rising Treasury yields. The 10-year yield (^TNX) hit a three-year high on Wednesday after the Treasury Department announced it would buy up to $6 billion in longer-term debt.
President Trump said Wednesday that oil prices may not come down until after the midterm elections two months away. The ongoing US-Iran war and disruptions in the Strait of Hormuz have raised concerns that an energy shock could flow into broader inflation and all but force the Federal Reserve to raise interest rates.
On Thursday, wholesale inflation data showed producer prices rose on a monthly and yearly basis, largely in line with expectations, setting the stage for the government's consumer inflation report, due out Friday. The Producer Price Index rose 5.4% year-on-year, and 4.6% on a core basis.

#three

By Andrew Chung
Sept 8 (Reuters) - The U.S. Supreme Court declined on Tuesday to reinstate a Republican-drawn congressional map in Missouri ahead of November's midterm elections, dealing a setback to President ‌Donald Trump and the party's odds of maintaining its slim majority in the House of Representatives.
Conservative ‌Justice Brett Kavanaugh denied Missouri's emergency request to suspend a state Supreme Court ruling that blocked the map, a decision that preserves the Kansas City-based seat of longtime Democratic Representative Emanuel Cleaver, whose district would have been dismantled under the redrawn boundaries.
Kavanaugh, who handles emergency matters from Missouri and several other states, did not refer the matter to the nine-member court before issuing the decision.
Missouri Republicans adopted the map as part of a broader effort backed by ‌Trump to redraw congressional districts in ways ⁠that could benefit Republican candidates.

#missouri #court #emergency

WASHINGTON (AP) — President Donald Trump is embracing his inner cowboy, seeking to gallop into this week's Republican convention in Dallas and save the midterm elections for his party just in the nick of time.
As first-of-their-kind festivities open Wednesday, Trump wants to stoke his core supporters' enthusiasm by making Election Day on Nov. 3 all about himself — a referendum on his record at an event he conceived to help his party, even if he's not actually on the ballot.
The question is whether he'll do more to fire up Republicans or Democrats at a moment when his popularity has reached historic lows.
The president is planning to take the stage both nights of the convention, giving a keynote address Wednesday and then closing remarks after Vice President JD Vance gives his own speech the following night.
That means effectively staging a two-day Trump show with a supporting cast that includes some of the party's most vulnerable lawmakers.

#convention

In an exclusive interview with Meet the Press, Sen. John Kennedy (R-La.) says he's unsure how the midterms will turn out for Republicans and says voters are "pissed off" about high cost of living and the war with Iran.

#Iran #exclusive #unsure

By Joseph Ax
Sept 7 (Reuters) - As the unofficial start of the campaign sprint kicks off on Labor Day Monday, President Donald Trump's deep unpopularity is imperiling Republican chances of maintaining their narrow majorities in Congress with just two months before November's midterm elections.
Midterm elections, above all, are a referendum on the occupant of the White House, according to election experts. That is ‌even more of a truism in the era of Trump, who has spent the better part of a decade as the country's dominant political figure and could face stiff political headwinds in his final ‌two years in office.
If Democrats win a majority in the U.S. House of Representatives, as appears likely, the party would be able to open damaging investigations into Trump's administration while forcing the White House to compromise on most legislation. Party leaders have already vowed to launch probes into what they describe as Trump's corruption.
The race for U.S. Senate control is much too close to call, according to ******* ysts, but a Democratic majority in that chamber could block many of Trump's nominees, including any Supreme Court justices in the event of a high court vacancy.

#party #elections #majority

Hasan Piker hears the growing chorus of Democrats condemning him for incendiary statements, and he has a message for the party: "My job is not to make the Democratic Party look good."
The far-left Twitch streamer has boosted socialist candidates even as he created headaches for the broader Democratic Party in a midterm election cycle where it hopes to make major gains. The 35-year-old Piker — whose polarizing stances range from defending communist Chinese dictator Mao Zedong to comparing Zionism to "Nazism" — is a darling of the Democratic Socialists of America, but a potential liability for mainstream Democrats as November approaches.
Piker said Democratic Party officials have not reached out to coordinate a strategy.
"I have not had a conversation with anyone from the DNC," Piker said. "That would be very funny."
James Carville Decries 'Idiot' Hasan Piker, Orders Dsa To Change Its Name

#democratic

WASHINGTON (AP) — The Trump administration on Sunday renewed its appeal to the Supreme Court to allow new restrictions on mail ballots in time for the midterms.
The filing came after U.S. District Court Judge Indira Talwani extended an order against the Postal Service enforcing President Donald Trump's executive order for the November elections.
The legal wrangling is happening even as states start sending out mail ballots, leaving the administration little time to make big changes in mail ballot rules.
"Ballots have already begun to be mailed in North Carolina, and more States will begin the mailing process as the injunction remains in place — including Alabama on September 9 and at least five States the week of September 13," Solicitor General John Sauer said in the filing.
"Once those ballot envelopes enter the mailstream, there is no retrieving them. And while the injunction allows the Postal Service and the States to continue taking steps to ensure that their envelopes satisfy the Rule's requirements … each day the injunction is in place risks sowing confusion and chaos because the injunction makes those preparatory steps voluntary, rather than mandatory."

#mail

DES MOINES, Iowa (AP) — Alongside the familiar sounds of roosters crowing and thrill seekers screaming on rides at the Iowa State Fair, there was a chorus of boos from Turning Point Action activists who were heckling Democratic politicians making their way through the crowds.
Videos of the confrontations got hundreds of thousands of views on social media, a burst of attention for a conservative youth organization that is charting its next chapter after last year's **** assination of its leader Charlie Kirk. But the true test of Turning Point Action's clout was unfolding inside the exhibition center, where staff members were registering voters, handing out **** ons and signing people up for social events.
"Building the foundation for 2028," said one of the flyers.
While Democrats have punted Iowa from the top of its presidential primary calendar, the state's caucuses will still kick off Republicans' next nominating process. Turning Point Action is positioning itself to shape that contest, a reminder that preparations for the next White House campaign are already in motion even though no candidates have announced and the midterm elections aren't over yet.
Turning Point Action wants at least one staffer in each of Iowa's 99 counties to mobilize the conservative grassroots.

#point #next #conservative

Sept 5 (Reuters) - A federal appeals court panel rejected the Trump administration's bid to lift a ban on ‌using a federal immigration database to check the accuracy ‌of citizenship records on states' voter rolls.
In a 2-1 ruling on Friday, the U.S. Court of Appeals for the District of Columbia declined to lift a lower court's ban on using the Homeland Security Department's Systematic Alien Verification for Entitlements database. The earlier ruling ‌determined that the government ⁠cannot use the system ahead of the November 3 midterm elections, in which Trump's Republicans ⁠will be defending narrow majorities in both chambers of Congress.
Chief Judge Sri Srinivasan and U.S. Circuit Judge Robert Wilkins, both appointed to the appeals court by President Barack Obama, upheld the lower ‌court decision that the SAVE system violates the Social Security Act as it shares millions of Americans' private information. The appeals court judges also noted concerns around the potential for inaccurate citizen information that could lead to people having to prove ‌citizenship to remain registered voters, and in some cases could even lead to voter registration being canceled.
U.S. Circuit Judge Gregory Katsas, an appointee ‌of President Donald Trump, dissented.
A federal judge in Florida in July ordered the U.S. Department of Homeland Security to resume giving four Republican-led states access to the database after another ‌judge blocked it from continuing to use the database nationwide.

#court #security #federal #circuit