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ELON MUSK RIPS TRUMP: “DISGUSTING ABOMINATION” TAX BILL SPARKS WAR!
The Stock Market SHOCKER No One Saw Coming!
The U.S. economy is teetering on the edge, and while stocks are finally shaking off their tariff blues, hold onto your wallets because a MAJOR showdown is brewing! Breakout news: Elon Musk, the genius billionaire and once a Trump ally, has thrown down the gauntlet, calling a key tax bill proposed by the Trump administration a “DISGUSTING ABOMINATION!” Buckle up, folks—this rift is BIG.
Investors LOSE IT Over Musk’s Betrayal!
The stock market didn’t panic just yet, though—optimism sparked a mini rally! The S&P 500 leaped by 0.58% on Tuesday thanks to tech giants like Nvidia, which shot up a staggering 2.80%. But don’t let that fool you; the storm clouds are gathering. A highly anticipated meeting between Trump and Chinese President Xi Jinping is set for THIS WEEK, and the stakes couldn’t be higher!
Musk Goes Rogue! Tensions Rise!
After pouring big bucks into Trump’s campaign and even leading the newly-minted Department of Government Efficiency (DOGE!), Musk has now gone from loyal supporter to fierce critic! His public blasts against the so-called “big, beautiful” bill represent the SHARPEST divide between these two titans of industry. Musk’s time as a “special employee” is running out, and he’s ready to jump back into the driver’s seat at Tesla and SpaceX full-time.
Pork-Packed Tax Bill: Wall Street’s Nightmare?
In a jaw-dropping social media declaration, Musk didn’t hold back! He slammed Trump’s tax proposal as “pork-filled” and said any lawmaker who supports it “knows you did wrong.” This controversial bill would slash taxes, cut Medicaid and food assistance, and pump cash into military operations and deportations. Meanwhile, Tesla’s stock climbed by 0.46% on Tuesday and has surged nearly 55% since its gloomy plunge back in April.
Will Trump and Xi Save the Day? Or Collapse the Market?
As Musk distances himself from Trump, all eyes are on the crucial Trump-Xi meeting. The back-and-forth tension between the U.S. and China over tariffs has viciously rocked the markets lately, but optimism swelled on Tuesday as investors hoped for a breakthrough. Can this meeting be the key to a trade agreement that will end the turmoil?
TRUMP GOES CRYPTO: A Shocking New Venture!
And there’s more! Trump’s wild crypto exploits are back in the spotlight! Reports are flying that the president’s team is gearing up to launch a digital wallet for all things crypto, including Trump’s own memecoin. In an eyebrow-raising twist, Eric Trump and Don Jr. claimed ignorance about the wallet’s launch! Bitcoin didn’t just stay quiet; it saw a 0.38% bump at the time of this explosive news!
Strap yourselves in, ladies and gents; this financial rollercoaster is just getting started!
photo credit: fortune.com
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