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​Foreign oil company profits double with assist from Trump's moves: NYT

Major energy companies are reaping enormous profits from the ongoing Strait of Hormuz stalemate triggered by Donald Trump's war on Iran, with European oil giants reporting dramatic earnings surges while American producers sit on the sidelines, the New York Times is reporting.

British energy giant Shell reported robust first-quarter profits Thursday, with adjusted earnings soaring 24 percent to $6.92 billion — more than twice what the company earned in the previous quarter and significantly higher than analyst expectations.

In a statement, Shell's chief executive, Wael Sawan, attributed the windfall to an "unprecedented disruption in global energy markets," with oil prices briefly trading above $126 a barrel last week.

Shell is not alone in profiting from the conflict. Britain's BP more than doubled its first-quarter profit to $3.2 billion from the previous quarter, driven by superior oil trading and elevated prices. French oil company TotalEnergies reported quarterly net income of $5.4 billion and announced it would raise its dividend and double its share buybacks, the Times is reporting.

According to the Times' Gregory Schmidt, that stands in sharp contrast to American oil producers who are reporting declining profits despite elevated prices. Exxon Mobil reported $4.2 billion in first-quarter earnings — down 46 percent from a year earlier — while Chevron's quarterly profit slid to $2.2 billion, a 37 percent drop year-over-year. The Times report adds the caveat that the companies attributed the declines to accounting adjustments and paper losses they said would be unwound in coming months as gas prices stay high.

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MAGA splits in half over surprising 'fight club' conundrum about Trump: report

President Donald Trump's question for a teenager at the White House this week has revealed a MAGA divide, according to a report from The Bulwark on Thursday.

Trump was meeting with a group of students and athletes in the Oval Office to celebrate Trump's signing of a proclamation to restore the Presidential Fitness Test award when he quipped "you think you could take me in a fight?" YouGov analysts then decided to turn the question into a poll with the following question: Who do you think would win in a physical fight between you and Donald Trump?

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'Past his prime' GOP senator Grassley caught up in FBI lawsuit: report

Iowa Sen. Chuck Grassley (R), the powerful chair of the Senate Judiciary Committee, has been implicated in a lawsuit filed by two FBI agents who were terminated by Director Kash Patel for their work on special counsel Jack Smith's investigation of Donald Trump.

According to reporting from The Hill, the 92-year-old Republican played a significant role in precipitating the agents' firings by releasing unredacted materials about the criminal investigation into Trump — materials that exposed the agents to public backlash and eventual removal from the bureau.

While the suits don't name Grassley as a defendant, they single out his actions as a factor in the agents' alleged wrongful termination. The lawsuits assert the agents were fired solely based on their assignment to Smith's investigation team — work that the FBI now characterizes as "somehow hostile partisan acts."

Grassley's unredacted disclosures included the names of the agents, something their attorney argues directly sparked both online harassment and internal backlash from the FBI as it culled employees aligned with the Smith probe, The Hill is reporting.

"It is appalling to me that lawmakers would so carelessly mischaracterize these unredacted disclosures, knowing that the direct result of their actions is to cause an ill-informed online mob to go after honest, hardworking federal law enforcement officers," said Margaret Donovan, a former federal prosecutor representing two agents suing the FBI claimed in a statement obtained by The Hill.

Donovan noted the Iowa lawmaker's age as a possible contributing factor that led to the misguided firing.

"The best-case scenario is that Grassley is so far past his prime, he is clueless as to what he's doing. The worst-case scenario is that Grassley and others are intentionally trying to harm federal agents who dared to investigate criminal activity, which happened to implicate a political ally," Donovan said.

The report points out that the litigation raises broader questions about the Senate Judiciary Committee's sweeping investigation into Smith's probe — and Grassley's role within the conservative ecosystem focused on what Republicans have branded as "rot" at the FBI.

'Capitulating' Trump just handed Iran another 'huge win': expert

According to MS NOW national security analyst David Rohde, what is known about the rumored one-page memorandum of understanding between the US and Iran to halt the war is less than being advertised and the advantages still lie with the war-torn country.

Appearing on “Morning Joe,” Rohde praised the work of the negotiators but also claimed that the increasingly desperate American president is backing off many of his earlier demands which plays into the hands of Iran’s leadership.

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Scott Bessent confronted by ex-insider over damage Trump is inflicting on key industry

Treasury Secretary Scott Bessent, who has been making the rounds reassuring the public that the economic hardships from Donald Trump's Iran war will eventually subside, received a sobering reality check from the airline industry — one of the sectors being hit hardest by skyrocketing fuel costs.

According to reporting from the Wall Street Journal, former New Hampshire Gov. Chris Sununu, now president of Airlines for America, delivered a stark warning to the Trump administration that jet-fuel costs have become unsustainable.

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Trump's wild 'Unite the Right' claim collides with legal fact-check

President Donald Trump claimed during his recent “60 Minutes” interview, based on the federal indictment of the Southern Poverty Law Center on fraud and money laundering charges, that the violent 2017 Unite the Right rally was “a total fake” funded by the extremist watchdog group “to make me look bad.”

The actual facts have stood in plain sight for years: An unwieldy coalition of violent neo-Nazis organized online and converged in Charlottesville, Va. in August 2017, first as a torch-wielding mob that kicked and punched student counterprotesters on the campus of the University of Virginia, and then engaged in hours of street brawls the following day, culminating in a car-ramming attack that killed Heather Heyer and injured 30 other peaceful protesters.

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GOP facing a 'triple crown of badness' as major deadline looms: expert

With Donald Trump’s approval rating hitting a historic low, longtime Beltway analyst John Heilemann told the hosts of MS NOW’s “Morning Joe” that Republican Party lawmakers are being swamped by multiple problems with little time to convince voters they should be allowed to keep their jobs.

Using a horse-racing analogy, Heilemann told co-host Mike Brzezinski the outlook for Republicans in November is looking increasingly dire.

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Top Republican snaps and walks away from reporter when pressed on record-high gas prices

Sen. John Kennedy (R-LA), one of President Joe Biden's fiercest Republican critics over inflation and gas prices, is refusing to account for his stunning reversal now that a Republican president's unpopular war in Iran is putting an even bigger squeeze on American consumers.

When pressed by MS NOW's Jack Fitzpatrick, the normally press-friendly Louisiana Republican walked away.

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Trump pardon recipients under scrutiny in wide-ranging pay-to-play probe: report

Senate and House Democrats are investigating whether President Trump's pardons and commutations have been driven by "pay-to-play dynamics," launching a coordinated probe into wealthy businessmen who appear to have received favorable treatment from the White House in exchange for financial contributions or other forms of influence.

According to a report from CBS News, California Reps. Dave Min and Raul Ruiz, along with Vermont Senator Peter Welch, sent letters to more than a dozen recipients of executive clemency demanding they provide communications, financial records, and documentation of any efforts to influence Trump or his advisers.

Among those being investigated are cryptocurrency billionaire Changpeng Zhao, who pleaded guilty to money laundering; nursing home operator Joseph Schwartz, convicted of tax crimes; and entrepreneur Trevor Milton, sentenced to four years in prison in 2023 after lying to investors.

The lawmakers are specifically requesting any contracts showing payments made by clemency recipients to lawyers, lobbyists, social media influencers, and others who may have advocated on their behalf to Trump. They're also demanding communications between the recipients and federal officials, records of donations to Trump or affiliated groups, and other documents related to clemency efforts.

"If they don't respond, they run the risk of highlighting themselves — of being the subjects of future congressional investigations and creating more of a target on their backs for potential further criminal prosecutions," Min told CBS News.

The investigation also focuses on the impact Trump's pardons and commutations have had on thousands of crime victims. The lawmakers note that Trump's acts of clemency are "depriving victims of compensation and justice," eliminating hundreds of millions of dollars in restitution and fines owed to those harmed by the convicted criminals now walking free.

Min emphasized to CBS that the ability of wealthy individuals to "get around the justice system" after conviction "gets to the heart of what is wrong with America right now under this administration."

Because Democrats currently lack majorities in both chambers of Congress, they have no subpoena power and can only request cooperation from pardon recipients. However, should Democrats regain control in November's midterm elections, this "pay-to-play" clemency pipeline is expected to become a top oversight priority — giving them the authority to compel documents and conduct full investigations into Trump's pardon scheme, CBS is reporting.

'Psychedelic' rebuke from world leader has Trump cornered — and he's lashing out: analyst

President Donald Trump received an almost "psychedelic" rebuke from a foreign leader recently, and that may help explain why he's kicked his revenge tour into high gear, according to one analyst.

Sean Wilentz, co-host of "The Court of History" podcast on the Legal AF Network, argued during a new episode on Wednesday that King Charles III's speech before Congress was a "masterful" repudiation of Trump and his MAGA movement. During the speech, Wilentz argued that the King reminded Americans of the ideas that the country was founded on, which Trump and the MAGAverse have sought to upend.

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'You just said a bunch of nothing!' Kevin O'Leary sparks uproar on CNN over war costs

Canadian businessman and star of CNBC's "Shark Tank," Kevin O'Leary, sparked an uproar on CNN on Wednesday after he defended the costs of President Donald Trump's war in Iran.

O'Leary argued during a segment on CNN's "NewsNight" with host Abby Phillip that waging the war in Iran is worth the associated costs because it will allow American businesses to sell products in an emerging region, and that the Strait of Hormuz will be policed by another nation in the region. O'Leary added that the short-term rise in oil and fertilizer prices is just part of the deal for Americans.

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John Roberts whines about Americans viewing Supreme Court as 'political actors': report

Supreme Court Chief Justice John Roberts whined about how Americans view his court during a recent speaking appearance, according to a new report.

NBC News reported on Wednesday that Roberts decried how little Americans know about the Supreme Court's functions and how they view the court as "truly political actors." He also added that the court takes great effort to "figure out what the Constitution means," even though he acknowledged that some of the court's decisions are "unpopular," the report added.

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Trump 'startles' industrialists with push for a stake in big American businesses: report

Trump's push to have his administration take a bigger stake in major American businesses is beginning to scare industrialists and executives, according to a new report.

"Some executives are so worried Trump will ask for a stake in their company that they have prepared for Oval Office meetings by rehearsing what they would say to fend off the president's advances," the Wall Street Journal reported on Wednesday based on information from the lobbyists involved in those preparations.

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