ECONOMY08/04/26

Truth Social Paid Trading Feed Launch

Trump Media launched a paid real-time Truth Social feed for Wall Street traders on August 1.

HOW COVERAGE DIFFERSCOVERAGE SPLIT

DIFFERENT FOCUS

Axios emphasized Presidency Monetized for Profit; Washington Examiner Business emphasized Legitimate Market Data Service.

LEFT FOCUS

▸Axios framed Truth API as monetizing the presidency's market-moving power as a paid subscription product. — Axios
▸Axios reported the top-10-trending-accounts tier costs between $60,000 and $100,000 monthly, per a source. — Axios

RIGHT FOCUS

▸Washington Examiner reported financial markets had previously relied on manual monitoring of Truth Social. — Washington Examiner Business
▸Washington Examiner quoted Trump Media's Kevin McGurn saying markets already move on Truth Social posts. — Washington Examiner Business
▸Washington Examiner noted Truth API is comparable to data feeds from Instagram, Facebook, and X. — Washington Examiner Business

Bank of America $1.2B Treasury Fine

Treasury Department fined Bank of America over $1.2 billion for sanctions and anti-money laundering violations

DEVELOPING TIMELINE

First Report Thursday: The US Treasury fined Bank of America $1.2 billion for anti-money laundering and sanctions violations.

Sunday: Treasury fine now cites Chinese money laundering networks

Left: Third-largest Treasury penalty ever imposed.

Right: Tied to Chinese networks and border criminals.

Inflation rose to 3.7% in September, the last CPI report before midterm elections.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Sunday: September CPI report confirms 3.7% annual inflation rate

Left: Prices hit everyday Americans on essentials.

Right: Rising prices spell trouble for Trump's party.

Trump signs executive order waiving Russia sanctions and tariffs mandated by the Graham Act.

Left: Sanctions targeting Russia's Ukraine war dropped early

Right: Graham Act halted in name of national interest

September consumer prices rose 0.6% monthly and 3.7% annually, the fastest pace in five months.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Thursday: September CPI confirmed at 3.7% annually, up from 3.6% prior

Left: Rising prices squeeze everyday Americans hardest.

Right: Inflation surge spells trouble for Trump, GOP.