Trumpism 🐘 Newsbites
Anthony Scaramucci told us his contrarian views on the risks investors face after the elections regardless of who wins — and shared how his $7.5 billion SkyBridge Capital is navigating the market's volatility
  • Anthony Scaramucci, the founder of $7.5 billion hedge fund SkyBridge Capital, has a contrarian view when it comes to election-related market risks. He believes that they do not matter for stock market investors.
  • However, the former White House communications director said the US has become a "weaker, poorer and sicker" country under the Trump administration, and such risks will remain after the elections.
  • Scaramucci also shared his biggest concern about the stock market, and discussed how SkyBridge has been navigating bouts of market sell-offs.

The CIA is restricting the intelligence on Russia that reaches Trump and the White House, report says
  • The CIA is restricting the intelligence on Russia that reaches President Donald Trump and the White House, reported Politico.
  • Some officials believe that Trump's tendency to explode in anger at mention of Russian meddling was behind the decision.
  • One source told the outlet that Russian intelligence is being more carefully vetted because it is so sensitive.
  • A Washington Post story on Tuesday suggested that Vladimir Putin gave his personal blessing to Russia's campaign to subvert the 2020 presidential election.

A former NSC official accuses White House aides of hijacking the review process for Bolton's book and making false claims to block its publication
  • A former career official on the National Security Council accused White House aides of falsely claiming that former national security adviser John Bolton's explosive book contains classified information, according to a new court filing.
  • The former official, Ellen Knight, alleges that politically appointed aides hijacked the review process to block Bolton from releasing his book, which paints a damning picture of President Donald Trump.
  • Knight's lawyer said that she and several other agreed the Trump administration was suing Bolton not because of legitimate national security concerns but "because the most powerful man in the world said it needed to happen."
  • Knight said that after she refused to go along with the politically motivated review process or sign a declaration that contained false claims about Bolton's book, she was told she had "no path forward" at the NSC.

Some in China are worrying Trump will start a war to win reelection, US-China expert says
  • President Donald Trump used his address this week to the UN General Assembly to attack China, a favorite target as he fights for reelection in November.
  • Trump has staked out an extreme position on China, one that goes too far for allies and that has stoked concern in China that Trump could use a confrontation to secure an election victory, according to Michael Green, a former National Security Council senior director for Asia.

Congress's failure to pass a stimulus package carries devastating consequences for millions of unemployed workers and small businesses
  • Congress is gearing up for a major Supreme Court nomination battle, absorbing most of the attention away from another coronavirus relief bill.
  • The GOP's swift action on the high court appointment is a stark contrast to their reluctance to approve additional stimulus spending earlier this year.
  • "It's like coasting up a mountain where every further inch that you go, you risk stopping and begin to go backwards," Evercore policy economist Ernie Tedeschi said.
  • The prospect of additional aid to individuals and businesses is extremely slim before Americans cast their ballots on November 3, given the Supreme Court battle underway.

The Trump campaign is reportedly planning a way to bypass the 2020 election results in key swing states
  • The Trump campaign is weighing a postelection strategy that would bypass the election results in key swing states and install electors who would vote for the president in the Electoral College, even if he loses the election, according to a report by The Atlantic.
  • A move by state legislatures to try to appoint their own slate of presidential electors after the fact would violate federal law, according to election experts.
  • The Trump plan would focus on swing states with Republican-led state legislatures, which include Arizona, Florida, Michigan, North Carolina, Pennsylvania, and Wisconsin.

Trump aides didn't tell him about RBG's death during Minnesota rally because they were afraid his supporters might cheer
  • President Donald Trump's aides refrained from informing him about Ruth Bader Ginsburg's death while he was onstage during a rally on Friday night because they were afraid the crowd would cheer if he announced it, according to the New York Times.
  • At subsequent rallies, Trump's supporters have chanted: "Fill that seat!"
  • Trump intends to fill Ginsburg's seat before the election, and has the necessary support from Republicans in the Senate to move forward.

Trump may have chosen a Supreme Court justice over the stock market
  • It looks like the fight over Supreme Court Justice Ruth Bader Ginsberg's seat has sunk negotiations between Democrats and Republicans for another coronavirus aid bill.
  • That means Trump may have just unwittingly chosen a Supreme Court seat over the US economy and the stock market.
  • The market had been selling off for weeks as hopes for a bill declined. And in the days since Justice Ginsberg passed, it took another big leg down.
  • It's hard to see what could bring the market back to life before the election in November, which is sure to be volatile.

Trump said Jews are 'only in it for themselves' and 'stick together,' according to a new report
  • President Donald Trump reportedly said that Jews "are only in it for themselves" and "stick together" after a call with Jewish lawmakers.
  • The president privately made the comments to senior officials in his administration, according to a report from The Washington Post.

Judge Orders Eric Trump to Testify in N.Y. Fraud Inquiry
A New York state judge on Wednesday ordered President Trump’s son Eric to answer questions under oath before the election in a fraud investigation into his family’s real estate business.

Last week, Eric Trump’s lawyers said he was willing to be interviewed — but would only do so after the presidential election because he did not want his deposition to be used “for political purposes.”

'It's self-delusion': Trump's former national security adviser said he wishes the president 'would just realize' that 'Putin is not his friend'
  • Former national security adviser H.R. McMaster on Wednesday told CNN that he wishes President Donald Trump would recognize that Russian President Vladimir Putin is not his friend.
  • "I wish President Trump would just realize…Vladimir Putin is not his friend," McMaster said to CNN's Jim Sciutto. "It's self-delusion…Putin is the best liar in the world."
  • Trump at a rally on Monday told supporters: "I like Putin. He likes me."
  • The intelligence community has repeatedly warned that Russia is engaged in ongoing efforts to interfere in the US electoral process.

'Why the hell did I do that?': Trump 'went s--t house crazy' when criminal justice reforms failed to improve his polling with Black voters
  • President Donald Trump reportedly scolded his senior aides after criminal justice reforms passed under his administration failed to energize Black voters.
  • "Why the hell did I do that?" Trump said, according to administration officials who spoke to The Washington Post.
  • Trump has tried to boost his standing among Black voters, though polling figures show he is trailing Democratic presidential nominee Joe Biden in terms of support.

Trump refused to commit to a peaceful transfer of power if he loses the election, drawing fierce pushback from Democrats and Mitt Romney
  • President Donald Trump refused to commit to ensuring a peaceful transfer of power following the presidential elections when asked about the topic during a press conference Wednesday.
  • "We're going to have to see what happens," Trump said, reiterating unsubstantiated allegations of electoral fraud.
  • The remarks drew swift criticism from several Democratic lawmakers, while Republicans were largely silent on the issue.
  • Trump has frequently claimed that the election is rigged against him, though he has not presented any evidence of fraud, and voting experts have repeatedly debunked Trump's claim that mail-in ballots are linked to fraud.

Israeli PM Netanyahu always brings his dirty laundry to US state visits so White House staff can clean them for free, report says
  • Israeli Prime Minister Benjamin Netanyahu often brings his dirty laundry with him on official visits to the US, so that government staff will clean it for free, The Washington Post reported.
  • "The Netanyahus are the only ones who bring actual suitcases of dirty laundry for us to clean," a US official told The Post. "After multiple trips, it became clear this was intentional."
  • The US government offers dry cleaning and laundry services free of charge to foreign dignitaries, according to The Post.
  • Netanyahu last visited the White House on September 15. The Israeli embassy in Washington, DC, said there was nothing abnormal about Netanyahu's washing demands.

The DOJ asked Congress to erode big tech's legal protections as Trump accused firms of anti-conservative bias and 'cancel culture'
  • Attorney General William Barr announced Wednesday the Department of Justice has submitted legislation to Congress to reform the part of the US law that gives tech companies broad powers to moderate their platforms.
  • Barr said the proposed legislation is aimed at "requiring greater transparency and accountability when platforms remove lawful speech."
  • The legislation follows on from an executive order issued by President Trump in May targeting social media for alleged anti-conservative bias.
  • Trump often claims online platforms are biased against conservatives, but has provided minimal evidence backing this up.

Trumpism
or Trump-ism

Trumpism refers to the nontraditional political philosophy and approach espoused by US President Donald Trump and his supporters. The term Trumpism can also be used to directly refer to an outrageous or idiosyncratic statement made by Donald Trump.

Trumpisms are Bushisms on steroids.