Former White House Communications Director Anthony Scaramucci has called for the arrest of Donald Trump, alleging that the former president violated his bail conditions with his controversial <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">comments about Liz Cheney</a>.



What Happened: Scaramucci&#8217;s remarks on X came in response to a question from ex-Fox News host Tucker Carlson, where Trump made a provocative statement about Cheney, a Republican who has endorsed and is campaigning for Kamala Harris.



Scaramucci, who will be a headline speaker at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, stated, &#8220;Trump should be taken into custody. He is a convicted felon and just violated the conditions of his bail agreement by threatening someone&#8217;s life. He needs to be sent away.&#8221;



Also Read: <a href="https://www.benzinga.com/news/24/10/41564062/scaramucci-election-too-close-to-call-but-expects-harris-to-win-and-trump-to-try-to-avoid-jail">Scaramucci: Election &#8216;Too Close To Call&#8217; But Expects Harris To Win And Trump To Try To Avoid Jail</a>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump should be taken into custody. He is a convicted felon and just violated the conditions of his bail agreement by threatening someone's life. He needs to be sent away. <a href="https://t.co/Gnbwroh2nR">https://t.co/Gnbwroh2nR</a>&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1852296896246644833?ref_src=twsrc%5Etfw">November 1, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The specific bail condition that Scaramucci is referring to remains unclear. Trump is currently living under bail restrictions set by the state of Georgia due to an ongoing investigation into his alleged criminal attempts to overturn the 2020 election. Trump denies any wrongdoing.



The term &#8220;felon&#8221; used by Scaramucci in reference to Trump is related to the trial in New York where Trump was found guilty on 34 counts following his hush money payment trial. 



Trump, who continues to maintain his innocence, is awaiting sentencing in New York.



Why It Matters: This development adds another layer of complexity to the ongoing legal battles faced by Trump. 



The former president&#8217;s controversial comments about Cheney, coupled with Scaramucci&#8217;s call for his arrest, have once again brought Trump&#8217;s legal issues into the spotlight. 



The allegations of bail violation, if proven true, could potentially lead to further legal consequences for Trump.



Read Next



<a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Will Lose, Then ‘Start Panicking' Over November Sentencing</a>



This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

News

Politics

Scaramucci Says Trump 'Should Be Taken Into Custody' Over Alleged Threat Against Liz Cheney

On Saturday, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) registered a decline in <a href="https://www.businesswire.com/news/home/20241102654212/en/Berkshire-Hathaway-Inc.-News-Release" target="_blank" rel="noreferrer noopener">third-quarter</a> operating earnings, driven by weakness in the insurance underwriting segment.



The Omaha-based company&#8217;s quarterly <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/3rdqtr24.pdf" rel="noreferrer noopener">operating earnings</a> of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.



Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:



<ul>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) &nbsp;&#8211; $41.1 billion</li>



<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;&#8211; $69.9 billion</li>



<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) &#8211; $31.7 billion</li>



<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;&#8211; $28.7 billion&nbsp;</li>



<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) &#8211; $17.5 billion</li>
</ul>



It seems <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway&#8217;s most significant equity investment for the fourth consecutive quarter.



Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.



Berkshire Hathaway&#8217;s cash reserves soared to a record $325.2 billion as of September-end, increasing from $276.9 billion in the second quarter, as Warren Buffett continued selling stocks, per a <a href="https://www.cnbc.com/2024/11/02/berkshire-hathaways-cash-fortress-tops-300-billion-as-buffett-sells-more-stock-freezes-buybacks.html" target="_blank" rel="noreferrer noopener">news</a> report from CNBC.



Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41700057/warren-buffetts-frugal-lifestyle-was-once-highlighted-in-the-office-cameo-what-about-mileag" rel="noreferrer noopener">Warren Buffett&#8217;s Frugal Lifestyle Was Once Highlighted In &#8216;The Office&#8217; Cameo: &#8216;What About Mileage When I Use My Car, I Mean Gas Ain&#8217;t Cheap You Know&#8217;</a>



This suggests that Buffett sold roughly a quarter of his stake, leaving around 300 million shares in his holdings. Overall, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html" rel="noreferrer noopener">reported</a> that his stake has decreased by 67.2% compared to the end of the third quarter of last year.



He began reducing his stake in the iPhone manufacturer during the fourth quarter of 2023 and significantly increased his selling in the second quarter, when he unexpectedly sold nearly half of his investment, the report added.



Berkshire and its subsidiaries also invest in certain businesses using the equity method, with significant holdings in common stock of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).



As of September 30, 2024, the firm owned 26.9% of Kraft Heinz&#8217;s outstanding shares and 28.2% of Occidental&#8217;s outstanding shares.



Q3 In Detail



The company reported third-quarter net earnings of $18,272 per average equivalent Class A share, compared with a $(8,824) loss per share in the year-ago period.&nbsp;



The company registered net earnings of $12.18 per average equivalent Class B share, compared with $(5.88) per share year over year.



In the third quarter, insurance underwriting generated earnings of $750 million versus $2.42 billion year over year (down 69%).



Earnings from insurance investment income were $3.664 billion, higher&nbsp;than $2.470 billion a year ago.



Buffett, 94, is one of the best-known fundamental investors in the world. Known as the &#8220;Oracle of Omaha,&#8221; he has a real-time net worth of $142.2 billion&nbsp;<a target="_blank" href="https://www.forbes.com/profile/warren-buffett/?sh=2ee1b9a34639" rel="noreferrer noopener">per</a> Forbes.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote</a></li>
</ul>

Earnings

Equities

Markets

Movers

General

AAPL

Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

The U.S. stock market experienced a setback at the end of October, breaking a five-month winning streak as election uncertainties and mixed tech <a href="https://www.benzinga.com/earnings">earnings dampened risk sentiment</a>.



A key measure of market turbulence, the CBOE Volatility Index, or VIX, surged by 34% last month, marking the third-largest increase for an October <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41665265/vix-index-notches-third-strongest-october-spike-in-an-election-year-s-p-500-snaps-5">in an election year.</a>



Tech giants' earnings were underwhelming, except for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). None of the other &#8220;Magnificent Seven&#8221; companies posted positive weekly performance. As a result, the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) fell nearly 2% for the week. This marks the worst weekly performance in two months.



Among mega-cap companies, the top performers for the week were Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) and Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), both rising approximately 9%. Booking also marked the strongest weekly gains since August 2022. 



The main laggards were Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), down 9% and 8%, respectively, for the week. 



On the macroeconomic front, the U.S. economy saw a surprising slowdown in job growth in October, with <a href="https://www.benzinga.com/news/econ-s/24/11/41684710/us-economy-adds-only-12-000-jobs-in-october-sharply-misses-estimates-as-hurricane-strikes-pummel-hir">nonfarm payrolls increasing by just 12,000</a>—nearly a four-year low and well below the expected 113,000.



Factors such as hurricanes and strikes likely contributed to the hiring slowdown, while unemployment held relatively steady, indicating no significant rise in layoffs.



The labor market report has strengthened expectations for Federal Reserve rate cuts. Markets are fully pricing in a 25-basis-point cut at Thursday's meeting and assigning an 85% probability to a similar cut at the Fed&#8217;s final meeting of the year in of December.



<h3 class="wp-block-heading">State Betting Odds</h3>



As the 2024 U.S. presidential election approaches, state-by-state betting odds reveal a tight race between Donald Trump and Kamala Harris, with key battleground states like Pennsylvania, Michigan, and Arizona showing narrow margins, making them pivotal <a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">in the final outcome.</a>



<h3 class="wp-block-heading">Gold ETF Surge</h3>



The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) saw $1.8 billion in inflows during October, its highest in over two years. Rising investment demand continues pushing gold toward record highs as investors turn to this safe-haven asset at a time of political <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-">upheaval and fiscal uncertainty.</a>



Ford Halts F-150 Lightning Production



Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is pausing F-150 Lightning production from Nov. 18 to Jan. 6, responding to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)'s Cybertruck sales surge. The move aims to recalibrate production with demand and improve profitability for <a href="https://www.benzinga.com/news/24/11/41677673/ford-f-150-lightning-pickup-truck-production-to-be-halted-temporarily-after-teslas-cybertruck-races">the Michigan-based automaker.</a>



Now Read:



<ul>
<li><a href="https://www.benzinga.com/general/24/11/41693751/biden-can-blame-boeing-for-massive-jobs-data-miss">Biden Can Blame Boeing For Massive Jobs Data Miss</a></li>
</ul>



Image: Shutterstock

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Federal Reserve

ETFs

AMZN

BKNG

CHTR

GOOGL

MAGS

TSLA

Market Volatility Soars Ahead Of Elections, Tech Earnings Mixed, Strikes And Hurricanes Knock Employment Down: This Week In The Markets

<h3 class="wp-block-heading">Bankruptcy Block</h3>



TGI Fridays just rang the "last call" for a financial lifeline, filing for Chapter 11 bankruptcy in Texas. Known for its appetizers, wings, and cocktails, the restaurant chain plans to keep its 39 company-owned locations open as it attempts to restructure its finances and <a href="https://www.benzinga.com/topic/mergers-and-acquisitions">&#8220;explore strategic alternatives&#8221; for the future</a>. 



The 56 U.S. franchises and 40 international locations that are independently owned remain unaffected.



Executive Chairman Rohit Manocha attributed the chain's financial woes to the pandemic's aftermath and some dicey capital structure choices. Private equity firm TriArtisan Capital Partners owns TGI Fridays.



<h3 class="wp-block-heading">New On The Block</h3>



Inland Real Estate Income Trust Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/INRE#OTC">INRE</a>) hired BMO Capital Markets Corp. to advise a potential sale process. The real estate trust, which currently has a $395-million market cap, closed Friday in the red, with its shares down 1.35%, trading at $10.95.



BT (LSE: BT) tapped Citigroup to find a buyer for its financial services segment, Radianz, according <a href="https://www.ft.com/content/6fe5e337-18dc-4a32-8e6e-e759a977b490">to</a> the Financial Times.



DigitalBridge Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NYSE">DBRG</a>) is seeking to sell Brazil&#8217;s Scala Data Centers, for a price tag of $2 billion, <a href="https://www.bloomberg.com/news/articles/2024-10-24/digitalbridge-is-said-to-explore-a-sale-of-scala-data-centers">per</a> Bloomberg.



ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) is <a href="https://www.reuters.com/business/energy/conocophillips-explores-sale-permian-shale-assets-worth-over-1-billion-sources-2024-10-30/">auctioning</a> shale assets in the Permian Basin, Reuters reported. The oil giant expects more than $1 billion in proceeds. 



See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>



<h3 class="wp-block-heading">Updates From The Block</h3>



BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) backtracks on <a href="https://www.benzinga.com/news/large-cap/24/11/41684205/bhp-backtracks-its-comments-on-abandoning-anglo-american-deal">comments about having "moved on"</a> from its failed Anglo American Plc. BHP Chairman Ken MacKenzie made the comments Wednesday at the company's shareholder meeting in Australia, Bloomberg first <a href="https://www.bloomberg.com/news/articles/2024-10-30/bhp-retreats-from-comments-about-moving-on-from-anglo-bid?sref=TBDibEcD">reported</a> this development. 



Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) CFO Vicki Villacrez discussed an ongoing sale process during a recent earnings call. The company, after closing the sale of OneNeck IT Solutions in September, agreed to divest other assets. Those deals are expected to close later this year.



Blackstone is considering a $3.5-billion purchase of minority stakes in interstate natural gas pipelines owned by EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>), Reuters reported.



Now Read: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
</ul>

Asset Sales

Restaurants

DBRG

INRE

MASI

Deal Dispatch: TGI Fridays Goes Bankrupt, BHP Backtracks Comments And More M&A News

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.



Major U.S. indexes saw a volatile close to the week, with the S&amp;P 500 and Nasdaq each down over 1%, largely influenced by recent earnings impacts from tech heavyweights like Microsoft and Meta Platforms. The Dow also edged lower by 0.2%, reflecting broader market apprehension following an October close that ended a five-month run of gains.



The CBOE Volatility Index (VIX) spiked 34% in October—its third-highest increase for that month in an election year—indicating heightened market caution. 



Adding to this outlook, October's nonfarm payroll numbers reported only 12,000 new jobs, which has strengthened expectations for a Fed rate cut in the coming weeks. Markets largely predict <a href="https://www.benzinga.com/news/earnings/24/11/41696201/market-volatility-soars-ahead-of-elections-tech-earnings-mixed-strikes-and-hurricanes-knock-employm">another reduction by year-end.</a>



Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.



<h3 class="wp-block-heading">The Bulls</h3>



&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reveals MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor&#8216;s argument that Bitcoin can stabilize corporate finances, announcing a $42 billion initiative to expand its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings, which currently total 252,220 BTC, valued at $18.23 billion.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41596454/tesla-bull-says-elon-musk-led-ev-giant-is-no-longer-seen-as-an-auto-company-by-inve">Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors, Explains Why Its Stock Trades At A Hefty Premium To Legacy Rivals</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, shares insights from Gary Black of The Future Fund, who argues that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) commands a premium valuation as investors increasingly view it as a tech company due to its growth in EVs and autonomous driving.



&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, features a trader&#8217;s analysis that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) could surge in November, fueled by patterns from prior post-halving cycles, with a breakout above 20 cents as a key target. 



&#8220;<a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares &#8216;Worthless&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, explains that Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares are poised for volatility amid Election Day, with S3 Partners noting that a Trump victory could trigger a short squeeze pushing prices to $60, while a loss might render shares worthless.



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet &#8216;Leaning Into The Living Room Experience&#8217;</a>



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41605605/gold-hits-record-highs-defies-market-gravity-why-the-precious-metal-is-decoupling-f">Gold Hits Record Highs, Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury Yields</a>



<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>



The Bears



&#8220;<a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast">Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, covers Donald Trump&#8216;s critique of Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on the Joe Rogan podcast, accusing Taiwan of undermining U.S. chip production and promising tariffs if elected.



&#8220;<a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">Sundar Pichai Admits DOJ Proposals Could Have &#8216;Unintended Consequences&#8217; — Google Mapping Out Plan B In Case Apple Ends Search Deal</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, reports Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) CEO Sundar Pichai's concerns over DOJ antitrust proposals potentially destabilizing the tech industry, while hinting at contingency plans if Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ends its search partnership.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41661361/super-micro-analyst-suspends-rating-over-governance-accounting-issues">Super Micro Analyst Suspends Rating Over Governance, Accounting Issues</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, details a Rosenblatt analyst&#8217;s decision to suspend his rating for Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) after Ernst &amp; Young resigned as its auditor due to governance and transparency issues.



For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/news/24/10/41619340/blackrocks-larry-fink-warns-against-overly-optimistic-fed-rate-cuts-cites-high-embedded-inflation-an">BlackRock&#8217;s Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High &#8216;Embedded Inflation&#8217; And Predicts Only 1 Reduction This Year</a>



<a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h">iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying &#8216;We&#8217;re Trying To Make Science Fiction Happen&#8217; — Bashes Silicon Valley&#8217;s Entitlement</a>



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Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.



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Benzinga Bulls And Bears: Tesla, Alphabet, Trump Media, Super Micro — Trader Predicts Dogecoin Rally Above 20 Cents In November

Billionaire entrepreneur Mark Cuban tries to keep things as simple as possible when it comes to communication. Complicated business language bothers him — and there&#8217;s one word that <a href="https://www.benzinga.com/startups/24/10/41416630/he-taught-me-a-word-i-never-heard-says-shaquille-oneal-about-the-time-he-received-the-greatest-inves">really stands out</a>.



What To Know: Cuban is not a fan of jargon, especially when people use certain words in an attempt to sound smart. 



&#8220;Always use the simpler word,&#8221; Cuban once said, according to a CNBC <a href="https://www.cnbc.com/2023/12/20/mark-cuban-using-this-jargon-word-makes-you-sound-stupid.html">report</a> citing a Q&amp;A session with<a href="https://www.youtube.com/watch?v=Ko5AJh2J4xU"> Wired</a>.



&#8220;There's no reason to ever use the word &#8216;cohort&#8217; when you could use the word &#8216;group.&#8217; A cohort is a group of people. Say &#8216;group,&#8217; you sound stupid when you use the word &#8216;cohort&#8217; because you're trying to sound smart.&#8221;



Check This Out: <a href="https://www.benzinga.com/news/24/10/41615445/mark-cuban-says-if-you-use-a-credit-card-you-dont-want-to-be-rich-why-financial-icons-warren-buffett">Mark Cuban Says, &#8216;If You Use A Credit Card, You Don&#8217;t Want To Be Rich&#8217; — Why Financial Icons Warren Buffett And Dave Ramsey Agree</a>



Why It Matters:&nbsp;Business buzzwords and corporate jargon often get on the nerves of those who hear the same language used repeatedly. Terms including &#8220;circle back,&#8221; &#8220;new normal&#8221; and &#8220;company culture&#8221; were deemed to be the most annoying based on a recent Preply survey.&nbsp;



Given Cuban&#8217;s&nbsp;<a href="https://www.benzinga.com/news/23/12/36165470/this-could-be-mark-cubans-next-move-after-leaving-shark-tank-and-selling-dallas-mavericks-stake">business background</a>, it&#8217;s no surprise that he has developed a distaste for overused and often&nbsp;superfluous business buzzwords. His argument that using words like &#8220;cohort&#8221; actually makes you sound stupid is also supported&nbsp;by studies.



Columbia Business School professor&nbsp;Adam Galinsky&nbsp;recently argued that people use jargon when they are feeling insecure about their intelligence or importance. People substitute simple words for more complicated ones to feel as if they have a higher status, but&nbsp;higher status individuals are actually&nbsp;more concerned about&nbsp;articulating themselves appropriately for clear communication.



Galinksy and Cuban appear to be in the same&nbsp;cohort&nbsp;when it comes to corporate jargon, but don&#8217;t tell Cuban that.



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Photo: Shutterstock.



Some elements of this story were previously reported by Benzinga and it has been updated.

Education

Don't Ever Use This Word Around Mark Cuban: 'You Sound Stupid ... Because You're Trying To Sound Smart'

At a recent rally in Michigan, Donald Trump made headlines by praising his own &#8220;beautiful white skin&#8221; following <a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva">criticism of Vice President Kamala Harris</a>.



What Happened: Trump, who is in a tight race with Harris, made these comments after making derogatory remarks about his opponent. If elected, Harris would make history as the first female president, the first president of Indian descent, and the second Black president.



Trump has a history of questioning Harris&#8217; racial identity at public events, often referring to her as a &#8220;low I.Q. individual.&#8221; He once remarked, &#8220;I didn't know she was Black until a number of years ago when she happened to turn Black.&#8221;



As per the report <a href="https://www.mediaite.com/trump/trump-boasts-he-has-beautiful-white-skin-right-after-slamming-kamala-harris/">by</a> Mediaite, Trump criticized Harris&#8217;s tax policies at the rally in Warren, Michigan, arguing that they would deter businesses. 



"She wants to tax companies. You know what happens when you tax them? They leave. A lot of these big companies, you know, they're run by inter– they live in Switzerland. They have very glamorous lives. They have the life that I could've had if I decided not to do this, actually. Somebody said to me, ‘Are you glad you did it?' I said, ‘Absolutely, but I could've been on the best beaches in the world. I own the best beaches in the world." Trump added. 



He also expressed regret that his presidential campaign has prevented him from spending time at his beaches and getting a tan.



Addressing the crowd, Trump said, &#8220;That white, beautiful white skin that I have would be nice and tan. I got the whitest skin 'cause I never have time to go out in the sun.&#8221;



Also Read: <a href="https://www.benzinga.com/news/24/10/41564594/harris-and-trump-still-neck-and-neck-as-race-enters-final-stretch">Harris And Trump Still Neck-And-Neck As Race Enters Final Stretch</a>



&#8220;I could've been at the great Turnberry in Scotland. I could've been anywhere I wanted to be. I could've had those waves smacking me in the face. That white, beautiful white skin that I have would be nice and tan. I got the whitest skin 'cause I never have time to go out in the sun. But I have that beautiful white, and you know what? It could've been beautiful, tanned, beautiful,&#8221; Trump said. 



Why It Matters: Trump&#8217;s comments about his skin color, made in the context of his criticism of Harris, have sparked controversy. 



His remarks have been interpreted by some as an attempt to appeal to white voters, while others see them as a reflection of his personal vanity. 



The impact of these comments on the presidential race remains to be seen.



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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Praises His 'Beautiful White Skin' After Criticizing Harris

Billionaire Elon Musk can continue distributing cash to registered voters while a <a href="https://www.benzinga.com/startups/24/11/41700920/donald-trumps-truth-social-is-now-worth-more-than-elon-musks-x-whats-behind-the-surprising-upswing" target="_blank" rel="noreferrer noopener">Pennsylvania state judge considers the case.</a>



Through his America PAC, Musk has been offering daily $1 million cash rewards to registered voters in swing states who sign a petition, which some officials claim may violate electoral laws, <a href="https://www.bbc.com/news/articles/c0en401330jo" target="_blank" rel="noreferrer noopener">reported</a> BBC.



The billionaire has been actively campaigning for Trump in Pennsylvania, a crucial swing state, organizing rallies and giving away big checks to some participants. However, this week, Philadelphia District Attorney Lawrence Krasner filed a lawsuit against Musk over these giveaways, stating that he must be stopped before the upcoming presidential election.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41561298/elon-musk-pumps-more-than-130m-into-trump-and-gop-campaigns" rel="noreferrer noopener">Elon Musk Pumps More Than $130M Into Trump And GOP Campaigns</a>



During a hearing on Thursday, Judge Angelo Foglietta announced that the lawsuit will be paused while a federal court decides whether to accept the case. If the federal court opts not to address the issue, the case will return to state court. Following the hearing, Musk took to X, the platform he owns, to <a target="_blank" href="https://x.com/ajtourville/status/1852011477852446971" rel="noreferrer noopener">refer</a> to the ruling as &#8220;American Justice FTW (for the win).&#8221; It is unlikely that the case will be resolved before Tuesday&#8217;s election.



John Summers, a lawyer working with Krasner, informed reporters that they intend to take the matter to federal court to address the issues and seek to have it returned to state court. These swing states indicate a closely contested race between Trump and his Democratic opponent, Kamala Harris.



On Thursday, Musk&#8217;s America PAC announced another winner: Dacey from Fremont, North Carolina, who received a $1 million check, BBC noted. To qualify for the giveaway, registered voters must provide personal information, such as addresses and phone numbers, and sign a pledge affirming their support for the U.S. Constitution.



The lawsuit against Musk alleges that he is running an illegal lottery and accuses him of violating consumer protection laws through misleading statements that could cause confusion.



According to U.S. law, it is illegal to pay individuals to register to vote, but legal experts have told the BBC that the legality of the giveaway under federal law remains uncertain. If a court finds Musk has violated the law, he could face a $10,000 fine and up to five years in prison.



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Image: Shutterstock

Media

Musk Can Continue Daily Million-Dollar Giveaways While Judge Mulls Legal Challenge

As she campaigns, a wave of high-powered support has rallied behind Vice President Kamala Harris. Eight hundred sixty-six venture capitalists, collectively representing $276 billion in assets, joined the "VCsForKamala" initiative. This unusual backing includes notable tech industry figures such as Mark Cuban, Reid Hoffman and Vinod Khosla, who are endorsing her economic and entrepreneurial vision for America, according to a recent report from Business Insider.



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The surge of <a href="https://www.benzinga.com/startups/24/10/41302642/vc-titan-ben-horowitz-switches-gears-making-a-significant-donation-to-kamala-harris-campaign">private sector and tech industry support </a>aims to highlight Harris&#8217;s pro-business, pro-innovation platform. The momentum intensified after prominent executives signed a letter endorsing Harris's vision for a stronger, business-forward economy. The push represents an effort by Silicon Valley to return its focus to technological progress and democracy as the backbone of the U.S.



Through "Business Leaders for Harris," tech moguls and corporate executives are drawing attention to Harris&#8217;s proposed economic strengths, emphasizing her plans for economic growth, entrepreneurship and market stability.



The backing for Harris from venture capitalists isn't just about campaign contributions; it's a strategic move by Silicon Valley to emphasize her pro-business, pro-innovation policies in an election where economic stability and market confidence are top concerns. With more than 800 venture capitalists coming together under "VCsForKamala," this coalition brings weight to her platform, reinforcing that it aligns with the priorities of America's tech and investment communities.&nbsp;



Trending: If there was a new fund backed by Jeff Bezos offering a<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> 7-9% target yield with monthly dividends would you invest in it?</a>



As part of the movement, figures like Reid Hoffman, LinkedIn cofounder and Vinod Khosla, a tech investor heavyweight, show that Harris's stance on democracy and economic policies aligns with the sector&#8217;s long-term vision. According to the founders of VCsForKamala, Harris's appeal lies in her commitment to nurturing a pro-entrepreneurial environment.



Another <a href="https://www.benzinga.com/startups/24/10/41302642/vc-titan-ben-horowitz-switches-gears-making-a-significant-donation-to-kamala-harris-campaign">powerful endorsement </a>came from a collective letter signed by 88 leaders across Wall Street and Silicon Valley, noting that Harris represents the "best way to support the continued strength, security and reliability of our democracy and economy." This endorsement also sheds light on Harris's support for small businesses – a segment often vulnerable to policy changes.



Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a>



The efforts to mobilize support for Harris go beyond Silicon Valley. "Business Leaders for Harris," launched in October, appeals to more conservative-leaning voters by spotlighting Harris's track record on economic issues. The initiative aims to build bipartisan appeal, emphasizing Harris's commitment to economic growth and the belief that a stable democracy creates a healthy business environment.&nbsp;



For many of these venture capitalists and corporate leaders, backing Harris is also a way to counter other Silicon Valley figures, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen">such as Elon Musk and Marc Andreessen, </a>who have openly supported Donald Trump. This divide within Silicon Valley shows the evolving landscape of political allegiance in the tech world. Where some tech moguls rally behind Trump's deregulatory promises, the VCsForKamala coalition sees Harris's approach as more sustainable for long-term growth and stability, a BI report found.



According to The New York Times, Harris amassed nearly $1 billion in campaign funding between July and September. This influx of support from tech leaders and venture capitalists bolsters her standing as a formidable candidate with deep-rooted support from some of the nation's wealthiest and most influential business minds.



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Startups

Kamala Harris Gains Support From 866 VCs Representing $276 Billion in Assets

Legal betting on the presidential race via online betting company Kalshi has topped $100 million, even as polls continue to show a neck-and-neck race between Kamala Harris and Donald Trump.



What Happened: An advertisement for betting platform KalshiEX LLC was aired during the coverage of Trump&#8217;s rally at Madison Square Garden earlier this month. The ad encouraged viewers to place bets on the election, promising a return of $175 on a $100 bet on Trump.



According to a report <a href="https://www.npr.org/2024/10/29/nx-s1-5132616/election-day-betting-trump-harris">by</a> NPR, the surge in legal betting comes in the wake of a federal appeals court&#8217;s decision earlier this month, which allowed the online-betting company to launch an election prediction market. 



The CEO of Kalshi, Tarek Mansour, told the outlet and referred to his election market as a &#8220;mechanism for truth,&#8221; indicating a 63% chance of a Trump victory.



Also Read: <a href="https://www.benzinga.com/news/24/10/41564521/trump-harris-presidency-would-guarantee-world-war-iii">Trump: Harris Presidency Would &#8216;Guarantee&#8217; World War III</a>



Despite this, critics such as Sen. Jeff Merkley (D-Ore.) have voiced concerns, labeling the decision a &#8220;huge mistake&#8221; that could potentially jeopardize American democracy. 



Amidst ongoing legal battles with federal regulators, retail investing platform Robinhood has also started offering bets on election contracts this week.



Why It Matters: Betting on presidential candidates was a common practice during the turn of the 20th century. 



However, the advent of scientific polling and restrictive gambling laws in the latter half of the 20th century led to a decline in election betting. Recently, prediction markets have brought back election betting.



Despite the resurgence, there are lingering questions about the accuracy of these markets. 



This is particularly true as the Kalshi market favors Trump by over 30 percentage points, while most political polls show Harris and Trump statistically tied.



Read Next



Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/10/41561645/trumps-rising-election-odds-sends-emerging-markets-into-tailspin-causes-biggest-stock-drop-in-10-mon" target="_blank" rel="noreferrer noopener">Trump's Rising Election Odds Sends Emerging Markets Into Tailspin, Causes Biggest Stock Drop In 10 Months</a>



This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Image: Shutterstock

More Than $100M Wagered On Presidential Race On Kalshi

Elon Musk is painting a clear picture of what he says is ahead if Donald Trump appoints him to lead government efficiency efforts. Musk told voters to expect some "temporary hardship" as he aims to drastically reduce federal spending, a role Trump has floated if re-elected. Musk said cuts would be so broad that "everyone's going to have to take a haircut," and he's already predicting pushback, calling it a necessary path to "long-term prosperity."&nbsp;&nbsp;



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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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Musk&#8217;s vision involves cutting about $2 trillion from the federal budget, which he discussed during Trump's New York rally, echoing his commitment to aggressive cost-cutting tactics seen at his companies. He believes trimming down government spending can keep the U.S. from what he controversially described as "going bankrupt." Critics, however, point to Musk's own federal contract revenue — <a href="https://www.benzinga.com/startups/24/10/41604057/elon-musk-admits-running-companies-hurts-my-heart-but-sees-no-other-option-for-building-the-future-i">his SpaceX</a> has received around $19 billion in government funds — and question how cuts would affect his ventures.&nbsp;



Experts are mixed on the feasibility of such deep cuts. Unlimited Funds' CIO Bob Elliott calls Musk's plan "totally implausible," given it could nearly eliminate all discretionary funding, according to NBC News. Musk's predictions of economic "hardship" if Trump implements these policies have fueled concerns on Wall Street, with many fearing potential inflationary pressure.



See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>



Adding to <a href="https://www.benzinga.com/real-estate/24/10/41653958/elon-musk-reportedly-buying-up-huge-properties-in-austin-to-house-his-11-kids-and-their-mothers-in-s">Musk's vision, </a>he expressed concerns about &#8220;wasteful spending,&#8221; comparing government budgets to "a room full of targets." He suggests even small reductions could ease the national debt, but economists question the practicality of Musk&#8217;s proposal, estimating it would require slashing nearly all discretionary spending. Programs like transportation, education, and environmental efforts could see drastic cuts, sparking significant public backlash. Musk admits he might need "a lot of security" due to potential public frustration.



Critics are skeptical of the plan&#8217;s scale and wary of Musk's influence on federal spending. Notably, SpaceX, one of Musk's ventures, has drawn billions from government contracts. FedScout research shows that since 2008, SpaceX has received over $19 billion in federal funding, with expectations to secure billions more in the coming years. Some point out that Musk's role in cutting spending might include choices affecting sectors he benefits from and raise potential conflicts of interest.



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Meanwhile, Nobel-winning economists <a href="https://www.documentcloud.org/documents/25247867-23-nobel-economists-sign-letter-saying-harris-agenda-vastly-better-for-us-economy">issued a letter last week</a> predicting that Trump's economic policies could lead to "higher prices, larger deficits, and greater inequality." They warned that Trump&#8217;s stance on tariffs and tax cuts could elevate costs for American families, undercutting Musk's <a href="https://www.benzinga.com/general/social-media/24/10/41657772/musk-thinks-threads-is-boring-but-275-million-monthly-users-signal-zuckerbergs-platform-coul">promise of "long-term prosperity."</a> They argue that such policies might strain rather than ease economic conditions for many Americans.



As Election Day nears, voters are tuning into each candidate's approach to living costs. While the U.S. economy currently shows resilience with job growth and wage increases, rising expenses for essentials like housing and healthcare continue to strain household budgets. For many, Musk's proposal to &#8220;balance the budget immediately&#8221; hints at austerity measures that could impact vital social programs.&nbsp;



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Musk&#8217;s involvement, his harsh language about &#8220;living within our means&#8221; and his historical approach to cost-cutting at his own companies set a serious tone. For now, Musk's outlook emphasizes both caution and a warning to Americans that tighter spending may bring "temporary hardship."



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Personal Finance

Elon Musk Warns Of 'Hardship' For Americans If Trump Puts Him In Charge Of Cutting $33 Trillion Debt

Perplexity CEO Aravind Srinivas&#8217;s revelation about the ongoing wait for a green card has prompted Tesla and SpaceX CEO Elon Musk to <a href="https://www.benzinga.com/markets/cannabis/24/09/41080016/trump-bashes-harris-border-visit-immigration-policy-worst-crisis-in-history-of-world-its-an-inva">criticize the immigration system</a>.



What Happened: Earlier this week, a user on X, formerly Twitter, highlighted the challenges of immigrating to the U.S., describing it as the &#8220;longest and hardest&#8221; process.



Perplexity CEO Srinivas shared this post, shedding light on his three-year struggle to secure a green card.



&#8220;I have been waiting for my green card for like the last 3 years. Still haven't gotten it. People mostly have no idea when they talk about immigration,&#8221; he wrote on the platform.



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Musk responded to Srinivas&#8217;s post, expressing concern over the U.S. immigration system&#8217;s priorities. He questioned why it is easier for criminals to enter the U.S. illegally than for highly skilled individuals to immigrate legally.



&#8220;Why is it easier to get in illegally as a murderer than legally as a Nobel Laureate?&#8221; the tech mogul asked, expressing hope for a resolution in case Republican presidential nominee Donald Trump wins the election.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We have an upside down system that makes it hard for highly talented people to come to America legally, but trivial for criminals to come here illegally. Why is easier to get in illegally as a murderer than legally as a Nobel Laureate?<a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> &amp; DOGE will fix this. <a href="https://t.co/RgMGWeyX1X">https://t.co/RgMGWeyX1X</a>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1851970548714139679?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: Musk has previously called for <a href="https://www.benzinga.com/news/24/04/38141313/elon-musk-calls-for-easier-us-immigration-system-for-skilled-workers-very-important-to-make-it-easy">an easier U.S. immigration system</a> for skilled workers, highlighting the importance of simplifying the process for talented individuals to enter the U.S.



He has also criticized the &#8220;bizarrely difficult and agonizingly slow&#8221; <a href="https://www.benzinga.com/news/24/03/37573179/elon-musk-blames-bizarrely-difficult-and-agonizingly-slow-legal-process-to-immigrate-to-us-for-unvet">legal process for immigration</a>, voicing concerns about the influx of unvetted immigrants.



Meanwhile, former President Trump has a more hardline approach toward immigration. He has previously spoken about stricter border security, <a href="https://www.benzinga.com/news/24/10/41301544/trump-steps-up-anti-immigrant-rhetoric-proposes-nationwide-plan-to-target-venezuelan-gang-members">mass deportations</a>, travel bans, and significant reductions in legal immigration, including a focus on ending automatic citizenship for children of undocumented immigrants.



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Photo courtesy: Wikimedia

Tech

Elon Musk Slams Immigration Rules After Perplexity CEO Reveals 3-Year Wait For Green Card: 'We Have An Upside Down System'

Elon Musk on Friday said that he would like former congressman from Texas Ron Paul to be on the Department of Government Efficiency, a department he intends to be part of if former President Donald Trump reclaims the White House in the <a href="https://www.benzinga.com/topic/2024-election">upcoming elections</a>.



What Happened: &#8220;Would be great to have Ron Paul as part of the Department of Government Efficiency!,&#8221; Musk wrote on social media platform X.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Would be great to have Ron Paul as part of the Department of Government Efficiency!&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1852472973728338409?ref_src=twsrc%5Etfw">November 1, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Musk&#8217;s comment comes on the heels of Paul expressing his willingness to help Musk cut government spending in an interview with podcaster David Gornoski. However, the former member of the U.S. House of Representatives said that he wouldn&#8217;t want an official position.



Paul has previously run twice for the Republican presidential nomination. 



Why It Matters: Musk officially endorsed Trump in July after a shooting incident at a rally in Pennsylvania. The billionaire also <a href="https://www.benzinga.com/news/24/10/41197236/elon-musk-and-trump-address-thousands-at-site-of-failed-assassination-attempt-take-aim-at-bidens-lea">attended a Trump campaign event in Pennsylvania</a> in October and termed the election a "must-win situation" for Trump.



Trump, meanwhile, has expressed his intent to set up a&nbsp;<a href="https://www.benzinga.com/government/24/09/40739165/trump-plans-to-appoint-elon-musk-to-government-efficiency-commission-if-elected-tesla-ceo-says-hell" target="_blank" rel="noreferrer noopener">government efficiency commission</a>&nbsp;led by Musk if elected President. The commission will be tasked with conducting a complete financial and performance audit of the federal government and recommending reforms, Trump said in September.



Musk has previously said that the commission will also be aimed at removing what he deems as excess regulation in a bid to kickstart key projects such as building high-speed rail in the country.



Musk is actively gathering votes for Trump both online and offline. He founded a super PAC called America PAC to which he has so far given <a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">over $100 million</a> in a bid to support Trump&#8217;s presidential campaign, cementing him as a key figure in this year&#8217;s election. 



Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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Photos courtesy: Shutterstock and Gage Skidmore on Flickr

Elon Musk Says 'Would Be Great To Have' Former Congressman And Fed Critic Ron Paul In 'Department Of Government Efficiency' If Trump Wins

Kamala Harris&#8216;s campaign and Democratic Party officials &#8220;fully expect&#8221; a premature victory declaration by Donald Trump in the <a href="https://www.benzinga.com/topic/2024-election">upcoming election</a> and are reportedly preparing for a swift response.



What Happened: Democrats are ready&nbsp;to flood social media and&nbsp;television with calls for patience and calm during the vote-counting process, reported Reuters.



This is in response to Trump&#8217;s statement expressing his intention&nbsp;to declare victory on Election&nbsp;Day, despite warnings from election experts that the final result could take several days, especially if vote recounts are demanded in key areas.



See Also:&nbsp;<a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares &#8216;Worthless&#8217;</a>



&#8220;We are sadly ready if&nbsp;he does and, if we&nbsp;know that he is actually&nbsp;manipulating the press and attempting&nbsp;to manipulate the consensus of&nbsp;the American people &#8230; we&nbsp;are prepared to respond,&#8221; Harris&nbsp;stated in a Wednesday interview with ABC.



Democratic Party and campaign officials plan to wage their initial fight against any premature Trump victory claim&nbsp;in the court of public&nbsp;opinion, demanding&nbsp;that all votes be counted&nbsp;before victories are declared.



&#8220;As soon as he (Trump) falsely declares victory, we&#8217;re ready to get up on TV and provide the truth and tap a broad network of people who can use their influence to push back,&#8221; a senior Democratic National Committee official stated in an interview.



Why It Matters: In 2020, <a href="https://www.benzinga.com/news/23/08/33545892/trump-knew-he-lost-2020-election-to-biden-says-former-ag-barr-it-would-not-come-out-very-well-for-hi">Trump declared victory</a> early the morning after Election Day, three days before networks officially called the race. Though he ultimately lost to Joe Biden, he has continued to falsely claim the election was stolen through widespread fraud.



Meanwhile, the 2024 U.S. presidential race has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41687739/nate-silver-says-kamala-harris-may-need-backup-plans-if-the-blue-wal-is-split-but-sees-the">described as &#8220;a near coin flip,&#8221;</a> with Trump narrowly leading Harris, said American statistician and writer&nbsp;Nate Silver on Friday.



Previously, it was reported that <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41576378/donald-trumps-election-odds-improve-to-66-after-viral-joe-rogan-podcast-and-controversial-">Trump&#8217;s election odds have improved</a> to 66% after a viral Joe Rogan podcast and a controversial Madison Square Garden rally, as per&nbsp;Polymarket odds.



However, former GOP strategist Stuart Stevens has forecasted a decisive victory for Harris, predicting her to win by an even larger margin than in 2020.



As the U.S. heads into the elections, economists warn that a <a href="https://www.benzinga.com/government/24/11/41695926/a-republican-sweep-might-be-the-most-inflationary-election-outcome-economists-warn">Republican victory could significantly</a> increase inflationary pressures, primarily from higher tariffs, a swelling budget deficit, and restricted immigration policies.



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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.



Photos courtesy: Shutterstock

Kamala Harris 'Ready' If Trump Decides To 'Falsely' Declare Victory: 'We Are Prepared To Respond'

Mark Cuban, the billionaire entrepreneur known for his success with the Dallas Mavericks and his time on Shark Tank, once faced a moment that nearly destroyed his young company. In a candid <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">conversation</a>, Cuban shared the story of how a trusted employee almost left his business completely bankrupt — taking $82,000 out of the $84,000 they had in the bank.



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It all happened in the early days of Cuban&#8217;s first company, MicroSolutions. Back then, Cuban and his small team were <a href="https://www.benzinga.com/personal-finance/24/10/41403246/mark-cuban-was-so-broke-he-didnt-even-have-200-needed-to-open-a-bank-account-and-now-hes-worth-b">surviving on a tight budget</a>, making every dollar count.



He recalls the moment he got a call from the bank that would send chills down any entrepreneur's spine. The receptionist at MicroSolutions, Renee Hardy, had a pretty straightforward job: prepare the vendor payments, seal them in envelopes, and drop them at the post office.&nbsp;



However, she had other plans. Instead of sending the payments to their rightful places, she used a trick as old as time — Wite-Out. She covered up the payees&#8217; names and wrote her own, taking those checks straight to the bank.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;She took $82K of the $84K that we had. We were flat broke.&quot; &#8211; <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> <a href="https://t.co/3rhdZGwgw2">pic.twitter.com/3rhdZGwgw2</a>&mdash; Club Shay Shay (@ClubShayShay) <a href="https://twitter.com/ClubShayShay/status/1840564721293893787?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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&#8220;I got a call from the bank saying, &#8216;Sir, this woman just came through the drive-thru and the checks were whited out,'&#8221; Cuban said, still amazed by the memory. He asked if they had cashed them, and the response made his heart sink: &#8220;Of course we did, we&#8217;re a bank, sir.&#8221; Just like that, she had drained $82,000 — almost everything MicroSolutions had at the time.



&#8220;We were flat broke,&#8221; Cuban said. Cuban faced a crisis that might have permanently shut down the company, with just $2,000 remaining in the bank and vendor payments already bouncing. He had to give each vendor a call, lay out the circumstances, and implore them to cooperate with his company.&nbsp;



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Fortunately, they agreed, giving Cuban and his team some breathing room. They persisted, and the small business would go on to become <a href="https://www.benzinga.com/personal-finance/24/06/39447720/from-business-sale-to-retirement-wealth-how-mark-cuban-turned-91-of-his-employees-into-millionai">one of Cuban&#8217;s first big achievements</a>.



&#8220;Then I was mad,&#8221; he says, and shared that they couldn&#8217;t find her to press charges and how &#8220;no one&#8217;s found her since.&#8221;



But despite the setback, Cuban remained optimistic about people. Instead of letting this experience turn him bitter, he used it as fuel. &#8220;People steal,&#8221; he said bluntly, but added, &#8220;It's a good problem to have — it means you've got it.&#8221;



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'She Took $82,000 Of The $84,000 We Had' Says Mark Cuban About The Time His Employee Almost Bankrupted His Company — 'We Were Flat Broke'

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