When It Comes to the Economy, Does Trump Have Musk’s Pain Tolerance?

Wall Street’s slide puts pressure on Musk and Trump, for different reasons.

Topics

Senate Republican says Musk ‘does not have the power to fire people’

Sen. Rick Scott (R-Fla.) said Sunday that tech billionaire Elon Musk “does not have the power to fire people.” "Elon Musk does not have the power to fire people. The president of the United States ...
The Hill - 1d
What does the first job report under Trump mean for the economy?

A new jobs report released Friday shows 151,000 new jobs were added last month short of the 170,000 jobs expected. The early data does not yet take into account the mass layoffs across the federal ...
NBC News - 2d
Trump insists Musk, Rubio have 'great relationship'

President Trump insisted that Secretary of State Marco Rubio and close Trump adviser Elon Musk have a "great relationship" following an explosive report that the two clashed during a contentious ...
The Hill - 2d
Trump calls arrest of Palestinian activist Mahmoud Khalil ‘first of many to come’

President says in post his administration ‘will not tolerate’ actions of protesters at Columbia and other US universities. Donald Trump said on Monday that the arrest of a prominent Palestinian ...
The Guardian - 7h
Stephen Moore: Tariffs 'are not a pick-me-up' for economy

President Trump’s former economic adviser, Stephen Moore, criticized the president’s approach to tariffs, saying the strategy does not provide the boost the already “wobbly” U.S. economy needs. “I ...
The Hill - 11h
Trump addresses economy concerns amid shifting policy on tariffs

President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...
NBC News - 2d
Tesla facilities face wave of attacks as Elon Musk delves into politics

As Elon Musk attempts to drastically cut the federal workforce and delves further into the corridors of American power, the Tesla CEO's electric carmaker facilities have come under fire — literally.
NBC News - 2d
Americanswers…on 5 Live! Is Trump worried about the US economy?

Americanswers…on 5 Live! Is Trump worried about the US economy?
BBC News - 7h
Tesla facilities across the country attacked in protest of Elon Musk

A wave of anti-Tesla attacks have occurred as Elon Musk takes a leading role in President Trump's cost-cutting task force known as DOGE.
CBS News - 1d
Tesla Stocks Tumble as Elon Musk’s Political Role Grows More Divisive

The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.
The New York Times - 1h
Republicans worry Trump's tariffs could harm economy

Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...
The Hill - 16h
'Does it always have to be so dramatic, Scotland?'

Scotland earn their second win of the 2025 Six Nations, but only after doing things the hard way, writes Tom English.
BBC News - 2d
Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."
CNBC - 3d
Stocks are falling as Trump comments on risks of a recession

Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto ...
CBS News - 6h
Trump claims Putin will be more 'generous' in peace talks than 'difficult' Ukraine

Even though President Donald Trump threatened Russia with sanctions, he claimed President Vladamir Putin is more "generous" when it comes to ending the war.
ABC News - 3d
Tesla shares have declined every week since Elon Musk went to Washington

Tesla's stock has dropped for seven straight weeks, a stretch that dates back to the beginning of Donald Trump's second term in the White House.
CNBC - 2d
U.S. economy on shaky footing, Trump calls it a "detox period"

The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's ...
CBS News - 2d
What's Really Happening With Elon Musk and Those ‘Stranded’ Astronauts?

Two NASA officials have weighed in on the public dispute over when and how to bring home Butch Wilmore and Suni Williams, who have been on the International Space Station since June.
Wired - 6h
Trump says a transition period for the economy is likely: 'You can’t really watch the stock market'

Officials have spent the past several days bracing Americans for a slowdown that they say will lead to stronger growth ahead.
CNBC - 8h
Chinese investors privately take stakes in Musk’s companies

Asset managers have been promoting tech mogul’s ties to Donald Trump to lure capital to xAI, Neuralink and SpaceX
Financial Times - 1d
Trump says arrest of Palestinian activist at Columbia first of "many to come"

President Trump warned that the arrest of prominent Palestinian activist Mahmoud Khalil by federal immigration authorities is the first "of many to come."
CBS News - 1h
The US economy is heading for recession

Donald Trump’s policy agenda is sapping American animal spirits
Financial Times - 1d
Trump's Canada, Mexico tariffs try to 'stop the bleeding' in US economy: UAW chief

President Donald Trump's tariffs on Canada and Mexico "are an attempt to stop the bleeding" in the U.S. economy, United Auto Workers President Shawn Fain said.
ABC News - 1d
Reporter Notebook: What does curiosity sound like?

Science fiction writer Isaac Asimov said, "The most exciting phrase to hear in science, the one that heralds new discoveries, is not 'Eureka!' but 'That's funny...'" John Dickerson explains how ...
CBS News - 1h
Trump defends Elon Musk, DOGE cuts to federal workforce

President Trump defended Elon Musk and DOGE over the weekend after reported rifts between Musk and Cabinet members. CBS News White House reporter Olivia Rinaldi has more.
CBS News - 9h
Trump pushes detente between Musk and Rubio

Elon Musk and Secretary of State Marco Rubio sought to project unity Monday, following a private clash at a recent Cabinet meeting, with President Trump seeking to play mediator. Trump brought the ...
The Hill - 3h
Trump responds to market meltdown

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story White House touts record after Trump demurs on recession The Trump administration ...
The Hill - 2h
Economists thought Trump would try to prevent a recession. That’s now in doubt.

What are President Donald Trump and his team thinking with their recent talk about possible economic pain for the U.S.?
MarketWatch - 6h
When will the Department of Education be dissolved? Secretary McMahon doesn't know

Linda McMahon said Friday that President Donald Trump "intends" to sign an executive order to dissolve the Department of Education -- but it's still unclear when.
ABC News - 3d
Trump’s ‘Strategic Bitcoin Reserve’ Plan Comes With a Twist

Rather than buy bitcoin directly, Donald Trump’s plan calls for holding the US government’s current bitcoin assets in reserve—and creates a separate stockpile for other crypto coins.
Wired - 3d
Trump denies Musk clashed with cabinet members

Secretary of State Marco Rubio and Transportation Secretary Sean Duffy pushed back against Elon Musk’s downsizing of the federal workforce in a recent closed-door cabinet meeting, according to two ...
NBC News - 3d
Johnson defends Musk, says essential veteran jobs ‘will come back’

Politico - 3d
Stocks slide as Trump warns of US economy 'transition'

Investors are nervous about the possibility of a US recession, say experts.
BBC News - 8h
Trump denies reports of infighting between Cabinet, Elon Musk

President Trump is pushing back against reports of infighting between his Cabinet and Elon Musk. He also appears to be reversing course on tariffs again, with new threats against Canada.
CBS News - 2d
Trump downplays infighting between Elon Musk, Marco Rubio, other officials

President Trump is backing a House Republican plan to avert a government shutdown next week. He also played down reports of in-fighting in his Cabinet with advisor Elon Musk. Nikole Killion has the ...
CBS News - 2d
DOGE likely subject to open records law, judge rules

The Department of Government Efficiency (DOGE) is likely covered under the Freedom of Information Act (FOIA), a federal judge ruled late Monday, rejecting the Trump administration’s position that ...
The Hill - 27m
Steve Kornacki: How the economy is responding to Trump’s on-again, off-again tariffs

NBC News National Political Correspondent Steve Kornacki joins Meet the Press to look at how the markets are responding to President Donald Trump’s trade policies.
NBC News - 1d
Would Trump Risk a Recession?

The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.
The New York Times - 13h
'SNL' cold open spoofs Rubio, Musk clash mediated by Trump

The recent “Saturday Night Live” cold open spoofed a reported clash between tech billionaire Elon Musk and Secretary of State Marco Rubio. In the sketch, James Austin Johnson’s President Trump is ...
The Hill - 1d

More from The New York Times

Trump Promised Americans Booming Wealth. Now He’s Changing His Tune.

President Trump’s sweeping promises are running headlong into the reality of governing.
The New York Times - 1h
Justice Dept. Official Says She Was Fired After Opposing Restoring Mel Gibson’s Gun Rights

Elizabeth G. Oyer, the former pardon attorney, said that she was not told why she was dismissed, but that as events unfolded she feared they might lead to her firing.
The New York Times - 59m
Federal Judge Blocks Government From Removing Mahmoud Khalil From the U.S.

Immigration officers arrested a Columbia University graduate for helping lead campus protests against Israel’s treatment of Palestinians. President Trump said the case was “the first arrest of many ...
The New York Times - 3h
Mahmoud Khalil Was Public Face of Protest Against Israel at Columbia

Mahmoud Khalil, a permanent resident of the United States, was arrested in his Manhattan apartment and sent to Louisiana. His detention sets up a fight over free speech.
The New York Times - 1h
Trump Officials Warn 60 Colleges of Possible Antisemitism Penalties

The administration’s warning came just after it pulled hundreds of millions of dollars from Columbia University.
The New York Times - 1h