company the trump media & technology group which wentlast week. the deposition is scheduled for april 15, which is also the start of trump's first criminal trial. for the latest, here's the bbc�*s north america business reporter michelle fleury in new york. trump's media company may never be profitable, but its shares are valued at billions of dollars and those involved are fighting over who gets a piece of it. in february, the co—founders of former president donald trump's media company filed a lawsuit in delaware claiming that mr trump and other leaders had schemed to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. now, as part of that case, mr trump will be deposed by lawyers for andy lashinsky and wes moss, two former contestants on donald trump's reality tv show, the apprentice. the date, well, it coincides with the start of the former president's first criminal trial here in new york. however, depositions often get rescheduled. this week, trump media filed its own lawsuit in f

here's aaron katersky. >> reporter: tonight, stock in donald trump's media company tanking after trump's social media platform, truth social, reported losing $58 million last year. the company was valued at nearly $10 billion when it went public last week as trump supporters have rushed to scoop up shares. >> the stock has gone through the roof. and -- and really this is, i think in the true sense, this is really a great sign of where the people in this country are standing. >> reporter: trump's own majority stake then worth close to $6 billion. >> truth social is hot as a pistol pistol, it's doing great. >> reporter: but today, that rude awakening. the revelation of last year's losses sent the stock plunging more than 20%. and the value of trump's own stake losing more than a billion dollars. and tonight, there's a real question whether truth social can even survive, david. an auditor is quoted in a regulatory filing, saying the $58 million operating loss raises substantial loss that

company, the trump media and technology group, which last week. the deposition is scheduled for april 15, also the start of trump is my first criminal trial. ., , h trump is my first criminal trial. ., , �*, ., trump is my first criminal trial. ., , trial. trompe's media company may never— trial. trompe's media company may never be _ trial. trompe's media company may never be profitable - trial. trompe's media company may never be profitable but. trial. trompe's media company may never be profitable but its| may never be profitable but its shares are valued at billions of dollars, and that has involved fighting over who gets a piece of it. in february the co—founders of former president donald trump's media company filed a lawsuit in delaware claiming that mr trump and other leaders had scheme to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. as part of that case, mrtrump of dollars. as part of that case, mr trump will be deposed by lawyers for andy lipinski and wes maas, two form

maria: trump media ceo, deafen e moon yes, sir. ly talking about religion and triggered a media backlash. not since the founders haven't done

and when you look at truth social, you look at the fact that trump media lost $53 million last year. hrough truth social and you see the advertisements on this year. you have my pillow. you have trump 2024 bobble head. being sold. these are the types of ads. they are not bringing in high market companies. >> i'm not sure the my pillow guy is paying for the ads because he has back rent he hasn't covered. hugo, tell us more about this russian american businessman. he is actually still under investigation. walk us through more of who he is. >> he lives in florida. we believe he has a property on fisher island. he likes the high life. it turns out, he is the nephew of a guy called alexander smirnov who for some time was the first deputy justice minister in russia for the kremlin. a putin ally in that respect. and is now the director of sfu in russia. and the russian connections don't just end there. we looked at the creation papers for the trust. we understand that yes stands for elena. we don't know the connection but we know based on a copy of her passport she lives in moscow. and the s

today, two venture capitalists pleaded guilty to insider trading that allowed trump media to go publics michael and gerald sportsmen knew about the 2021 deal that would allow a shell company to merge with donald trump social media company to become publicly traded and they made millions of dollars off of their insider knowledge and they now face maximum sentences of 20 years each in prison. the guardian is reporting exclusively that in 2022, the fledgling trump media company took an emergency loan from a company that the guardian says is a shell company for a russian american businessman who is under federal criminal investigation. there is no reporting, by the way, that says trump media knew about the source of the loan, and nbc has not confirmed that reporting. but there's a lot going on here, joining us now is sheila, staff writer for the new yorker and a former hedge fund analyst. great to see you again. this is a tricky one, there's a lot going on. companies go public, it happens all the time. there are mergers, companies failed, companies don't make enough money, they debut at a

president trump's media company has had a volatile two weeks. is week. the company, which operates trump's truth social platform, lost $4 billion in market value after gaining $6 billion in value during its debut on the nasdaq two weeks ago. for 2023 trump media posted a loss of $58 million on revenue of $4.1 million in a regulatory filing. the company also disclosed that its auditor the had raised concerns about its ability to continue operating before its recent merger with and ipo. joining me right now is the head of trump media and technology group, he is the ceo, devin nuÑes. devin, it's great to have you this morning, thanks very much for being here. >> always a pleasure, maria. maria: i was looking at the filing to the securities and exchange commission and the loss. when would you expect this company to turn profitable in. >> well, look, it's important to remember, maria, that those numbers are based on what was the longest ipo in history. so we were overregulated. so if you actually look at the cost that we've built truth social is, our

i should note nbc news has not independently confirmed this reporting, and trump media's response to this reporting and broadly contest without containing specifics. in 2022 trump mead yush the parent company of trump's truth social received a total of $8 million in loans from a company called es family trust. and es trust is actually just a shell company created by the co-owner of a bank in the caribbean known as paxum. it's not only a bank known for its work with the online porn industry, it's not even properly licensed to make loans in the united states. and the russian american businessman who allegedly arranged that loan is also allegedly under scrutiny in a federal insider trading and money laundering investigation. and the reason trump's media company needed that $8 million in the first place despite trump's claims about being flush with cash, the reason the company needed that cash so quickly was because in 2021 the company had planned to merge with another big company for a big cash infusion, but that merger was held up by the sec because even that deal seemed shady. and it t

oh no, it does not surprise me and when you look at truth social, the fact that trump media lost $53 ou scroll through truth social and you see the advertisements that are on this. you have my pillow, trump 2024 bobblehead being sold. you have a dating app to find international singles with conservative values on dream, these are the types of ad. they're not bringing in high market companies. >> i'm not sure that my pillow guy is paying for those ads because he still has back rent he hasn't covered. hugo, tell us more about this russian american businessman. he's actually still under investigation. walk us through exactly, more of who he is and what he is under investigation for. >> anton, this russian american national is a businessman, he lives in florida, we believe he has a property on fisher island. he likes the highlife. it turns out he is the nephew of a guy called alexander smirnoff, who, for some time was the first deputy justice minister in russia for the kremlin. a putin ally in that respect, and is now the director of fsu in russia, and the russian connections don't just e

shares of donald trump's social media company, trump media, plunged more than 20% on monday.rop wiped out the gains from its debut last week. it comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. our correspondent erin delmore is in new york. what does it say about the trump media business model? truth social is the social media company donald trump started about a year after he was banned from twitter and facebook following the 6th of january capitol building riots. that has become his main avenue for talking to his followers, his social media and political followers, a place to share thoughts, criticisms etc. as you can imagine, it's really attractive to those people who want to know what donald trump is thinking and feeling, so it has achieved something of what we have called mean stocks status. if that is familiar, we have seen it with a mcem game stock, and they ride on investor enthusiasm, especially when it comes to small investors, and it can command share prices

shares in trump media — donald trump's company which runs the social media platform truth social — havees as mr trump arrived at a manhattan court on the first day of a landmark criminal trial against him. the bbc�*s michelle fleury has more from new york. the company behind the truth social platform has told financial regulators that it plans to issue another 21.5 million new shares linked to warrants. these are contracts that give investors the right to buy or sell a stock at a specific price within a certain time frame. but the sale can also devalue a stock if there isn't enough demand to absorb the increase in available shares, which appears to be what happened today. trump media is also looking for approval to potentially resell up to 146 million shares held by current investors, including the former president, who's the majority shareholder. the move paves the way for them to be able to cash in sooner. currently, these insiders are barred from any share sale until september, once the securities and exchange commission signs off on this filing, insiders, including mrtrump, can seek

look at shares of trump media and technology group. a loss of around 57 million u.s. dollars. the stock down accordingly around 15%. this is the de-spac listing

reckless and wasteful decisions at a critical time that caused significant damage to tmtg, which is trump media. now the lawsuit goes on to claim that these two were riding president trump's coattails, and that without trump, truth, social would have been impossible. >> now, we've >> reached out for comment from the firm that represents litinsky and moss. lawyers are declining to comment, but we should know that they filed a lawsuit of their own, moss and litinsky against donald trump, alleging that he tried to dramatically water down their stake in this company. listened his legal fight goes on, and hundreds of millions or even billions of dollars are at stake. >> your kid, you not we're not joking moos. feed bonanza trump media's share price has been on a wild ride. you've been tracking it. what is the latest here? >> yeah. could this is fascinating. it's, i think it's the most fascinating thing to watch on wall street. right now. i mean, it makes even bitcoin look team. so this company has been public for just six trading days all six of those days, it's been up or down by at least 6% on occ

the price of a share of trump media has plummeted. is making many companies multibillion-dollar evaluation. generally more as nbc news garrett heyd. >> a day before his truth social media company stock will go public, former president trump was pumping it up. >> truth social is doing very well as hot as a pistol and doing great. >> as a majority shareholder and trump media technology, trump can make billions of dollars on the stock, depending on the price in six months when he would be legally allowed to sell it. critics say the stock price is wildly overinflated. trump using truth social to defendant writing, " radical left democrats are trying to convince people that truth is not such a big deal i think truth is amazing. " business analyst commenced. >> the way it is being valued in the stock market makes no sense as. investment. >> truth social is dwarfed by other social media platforms. is because 142 million monthly active users. x, formerly known as twitter, 75 million truth social 494,000 . according to digital intelligence comp

caroline: let's talk about a previous president donald trump who is suing two cofounders of trump media and technology saying they said if the company improperly issued not get any stock in it. this comes amid wild swings in shares of the recently public company. they went there a spac.

there is a trump media and technology plunging worries of other former president trump media company the company is saying this. whether it can take business efforts public debut because of all the losses. charlie gasparino working, he's got more next ♪ cus ♪ w many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ . . you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up to $830 off an eligible 5g phone when you switch to comcast business mobile. don't wait! call, click or visit an xfinity store today. ♪. liz: shares of trump media are getting pummeled at this hour after the social media platform released financial metrics that have investors fleeing for the hills. charlie

. >>> former president donald trump, suing the cofounders of trump media and technology group. that is the parent company of its truth social platform. the lawsuit was filed last week in florida. a claims the cofounders made a series of mistakes that delayed the company from going public. it also called on a judge to strip them of their shares of the company. trumps lawsuit comes a month after the same cofounders filed a lawsuit against mr. trump claiming trump is trying to dilute the value of the shares in the company, of their share. mr. trump and the cofounders

trump is speaking out this morning. just spoke out for the first time about the new expanded gag order but he is now under posting on social media and railing against the judge in the hush money trial. he's about to face, but also notably not targeting the judge just daughter this time that notable because donald trump has targeted the judges daughter recently targeting her by name and several comments, even posting photos about her. the new gag order that came down late last night. now bans the former president from talking about family members of prosecutors and the court staff, the judge saying that donald trump's words and rhetoric pose a very real threat, is suppose this morning does not cross that line. it will face another test of this john restraint later today, as he has back on the campaign trail, cnn's alayna treene is on the trail in michigan for us this morning. what are you hearing about this out is donald trump and dot the team around donald trump going to handle or face this new expanded gag order will look. >> i think they'll do exactly what they have done in the past with the gag orders, which is who will see d

. >>> trump and trump media, streaming media platform, showing content that other media outlets refused to air, it will first be unveiled on trump social media app truth social, eventually people at home will have the option to stream the news from the tv, it becomes -- comes a month after it began trading, just hours after the streaming announcement, the price of trump media stocks dropped 14%, there is currently no timeline for the rollout of the streaming service.>>> nasa confirms that space debris that had a home last month came from the international space station, part of a pallet dropped in 2021 along with 5800 pounds of aging batteries, it was all expected to disintegrate while reentering the earth's atmosphere but instead the small piece made it through, crashing into a home in naples, florida, about the size of a smart phone. nasa is investigating how the debris survived and did not disintegrate. >> wild. >>> focusing on e future,th >>> prince william is set to return to official real duties this week. >> the first time since his wife, princess kate announced that she was rece

i think given trump's claims publicly about how wealthy it is, why is it that a media company affiliatedsh strapped to the tune of $8 million, that they would end up needing to be, involving a small caribbean bank in the year 2021? >> yeah. so remember back to 2021, trump is the king of debt and needed money badly for this company. he was not able to get loans from traditional banks who had seen years of bankruptcies and failures. the company was struggles, trapped in this mired merger process. they had no idea when it was going to unlock the money they needed. and you know, suddenly, here, this money appeared and i remember talking to a whistle blower from the company who remembered being really off put by having this $8 million just sort of show up in their accounts. connected to people that were total strangers to the company. so it felt very odd that this money just sort of happened to come out right when they needed. >> well, you talk about the people sort of involved in this loan. one of them, anton i believe, co-owned the bank and arranged according to the guardian at least. the l

i will note that nbc news has not confirmed this reporting and neither trump nor trump media and technology doing nor is there any indication that they had any idea about the background of the loans they received. but like everything trump attaches his name to, the idea for truth social wasn't even his. it was an idea in part cooked up by two former apprentice contestants, wes moss and andy who suggested that trump launch his own app after he was booted from facebook and twitter for fomenting a violent insurrection. but because no good deed for trump ever goes unpunished, trump is currently suing the two because he wants to keep them from getting the $600 million from their stock holdings that they're entitled to. you can't make it up. joining me now is the guardian who broke the story of the loans from the russian-american businessman. hugo, good to see you. explain. so trump is kept afloat by these loans. who is this businessman? >> a russian-american guy called anton. and he's interesting for various reasons. first of all, he owns this bank in the dominica, most well known for servicing

and there's no better current example of that than trump media and technology group. ompany of trump's tiny and struggling twitter rip-off, truth social. when the company went public last week, it soared to shocking highs despite the fact that it has lost money and users, which in turn, massively inflated trump's net worth on paper. >> more breaking news tonight involving donald trump. his media company, which of course includes truth social, soaring on its first day of trading on nasdaq, surging 56% at one point during trading to $78 a share before closing at $58. >> trump now owns 60% of the new trump media company, or roughly $78 million a share. a stake that is on paper at this hour worth $4.6 billion. >> the higher the stock goes, the higher that donald trump's net worth is. at yesterday's close, trump's net worth, according to bloomberg, a little over $7 billion. it went up by $4 billion on monday alone. >> seth: that's right. trump's net worth went up by $4 billion in one day. here's actual footage of me waking up to that news. >> he can't keep getting away with

trump himself to lose more than $1 billion of personal wealth, just on that day, the stock price of trump media and technology group had soared on the de it went public, initially propelling trump's net worth to more than $7 he owns more than half the stock analysts say the problem is that the valuation of trump media and technology group is more than 1,000 times higher than its annual revenue. >> both the advertising revenue and the number of some paying subscribers are basically flat, which really difficult to come up with a $6 billion valuation for a tiny money losing company that's not growing. >> i mean, it's just not a business, it's a billboard of some sort, i guess a billboard for him, but it's a very expensive one >> then there are the legal entanglements, trump media and technology group filed a lawsuit against two of the companies co-founders, demanding that they hand over their shares in the company andy litinsky and wes moss had been failed contestants on trump's nbc show, the apprentice, when they botched several challenges, including a redesign of the pepsi bottle, who came up wi

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i wanted to just we've already heard from kristen holmes what donald trump put on social media last night talking about saying that they are catching undercover liberal african add activists lying to the judge in order to get on the trump jury. he is quoting fox news personality jesse waters, but he put it on his own truth, social we just heard from his former attorney at the white house gym, schult. here's how he put it. when i asked him whether or not this violates the gag order he's referencing the jurors. he's he's pushing out something that someone else said. yes. but the bottom line is it applies to him. right. so i think the judge is going to see this as a violation of the gag order and get ready. they're going to continue and continue and continue. show the judge can find them. he can admonish him. he could do a lot of things in the courtroom. it's not going to throw from in jail. this trial still going to continue, and you're still going to hear from donald trump on truth social, social, no doubt about it carried do you agree that trump violated a gag order with this with this po

trump media completed the spac last week.ou can see shares are down 4% right now. >>> and xiaomi is surging after the first day of trading after the launch of the first electric vehicle. the speed ultra 7 costs $30,000 for the base model. xiaomi received 38,000 pre-order, but expecting to lose money this year in sales. >>> turning to the big news story from yesterday. at&t is still dealing with the fallout over the data breach over the weekend. the company revealing personal information from 72 million current and former customers. names and pass codes and social security numbers posted on the dark web last month. shares of united health down since the cyber attack in february which disrupted pharmacies and medical claims around the u.s. organizations are spending more on cybersecurity, but hackers are a step ahead. the identity center resource center said it rose 80% last year to a record high. let's get to hugh thompson who is committee share of the i.t. security professionals in the u.s. hugh, good morning. >> good morning

everybody. [ cheers and applause ] but before we get to all that, the stock price of donald trump's struggling social mediall from its ludicrous high on monday after the company posted major losses, and experts warned that it was an ethical nightmare. meanwhile, trump celebrated easter by posting one of his most deranged screeds yet. for more on this, it's time for "a closer look." [ applause ] ♪ this morning, president biden and first lady jill biden hosted the annual white house easter egg roll, and to preview the event, they did an interview with al roker where they indulged in a few corny easter jokes. >> so the easter egg roll is about to start. >> yes. >> we had a little problem with the weather, but now the volunteers are getting set. and, dr. biden, what's the theme this year? this is something close to your heart. >> it is. you know i've been a teacher for over 30 years, so this is egg-ucation. so as you can see, there's something for everybody here. >> 1878 this started with rutherford b. hayes. i think i met him but -- [ laughter ] what is it -- >> he was a classmate of mine. >> one of your clas

now an audit of the company says that $58 million lost last year raises substantial doubt that trump media be a viable company. and back to trump's criminal case involving the so-called hush money payment. sources say that trump's former spokesperson , hope hicks, is expected to testify at the trial, which is set to begin later this month. >> rhiannon. all right. and thank you for that. a legal setback for president biden's son, hunter, a federal judge has refused to dismiss hunter biden's tax case, so that sets the stage for a trial in june. >> an american is among seven aid workers killed by an israeli airstrike in gaza. that's according to the aid group world central kitchen, founded by chef jose andres. the group says despite coordinating with israeli forces, two of its marked vehicles were struck, leaving a warehouse. world central kitchen is now pausing operations in gaza, jose andres saying in a statement these are people angels. they are not faceless, they are not nameless. the israeli government needs to stop this indiscriminate killing . israel says it is investigating the incide

there's some unknowns as to how this is going to play out and work for the trump media business and it where trump is in his popularity in the political world. >> given the volatility, people were already calling it a meme stock before it went public. why bring it public? >> that's a great question. they've been working on this for years. i don't think there was any way to stop it from going public. the trump media side had been having different conversations, this is through different filings about bringing this thing public. holding a vote and trying to find the ability to get the, this vote passed to the degree of getting it public and bringing it to the nasdaq and it finally did. they've been working on this for so long. i just don't sense there was any way they could stop this and i don't think they wanted to stop it from going public. i think there was a need to get this trump media thing on the nasdaq an to really see where it could go and trade and right now, it's so volatile we don't know how this is going to end up for the stock and the shareholders in just a matter of weeks.

for example, the special acquisition company trump media merged with is listed on the nasdaq rather thanrk stock exchange but when he tried to explain why trump offered a mind-boggling and nonsensical answer. >> truth social is doing very well. it's hot as a pistol and doing great. and it's going public. and the new york stock exchange wants to have us badly. and i told them we can't do the new york stock exchange. you're treated too badly in new york. we don't want to do the new york stock exchange. and the people at the stock exchange are very, very upset about it. the top person is -- is mortified. can't believe it. he said, "i'm losing business because of new york, because people don't want to be in new york and they don't want to go on the new york stock exchange." >> seth: all right. a couple things. first of all, the top person at the new york stock exchange is a woman. so that story's obviously made up. [ light laughter ] unless trump is claiming he had a conversation with the bull. "the top person at the stock exchange came up to me, big bull, strong bull, huge nuts. [ laughter

and then to me, the slightly comical spectacle of trumps lawyers and legal team furiously checking out the social media file of these people. and in a number of cases, finding, you know, someone posted in ai video of trump saying i'm a dumb -- f word. i think on the day the election was declared on facebook, being like -- lots of means about trump being a buffoon or bad or dumb, being right into court from the record of prospective jurors. what was that like? >> it was fascinating, because on some level, some of them, you can see they really were legitimately struck for cause. for example, there was someone who, relevant to the events at issue here, had posted something on face saying, get him out and lock him up. that person can't stay. >> i think we are all agreed. >> and the person with the ai video was the other person to go, but let's talk about the woman with the horn. that woman, when she was brought in for questioning, send me put in some context for you. i took that video watching what was happening in the neighborhood because election night felt his door to me and it's also evocative of the n

in february the cofounders of former president trump osmotic media company filed a lawsuit in delawarecheme to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. as part of the case mr trump will be deposed by lawyers for an deleted skin and wes moss, two former on donald trump was my reality tv show the apprentice. the date coincides with the start of the former president's first nominal trial here in new york. the depositions often get rescheduled. this week trump filed its own lawsuit in florida against these two cofounders arguing mismanagement and saying there should be stripped of their shares. this is the latest legal twist just days after trump went public, during a remarkable debut on the nasdaq exchange, shares traded at a high of $78 before plunging days later. that was michelle fleury. around 30 million workers in the uk will see a boost to take—home pay from tomorrow after a uk tax called national insurance is cut for employed and self—employed workers. the measures were announced in the uk chancellor's spring budget. li

trump media owns truth social. just last week, the company went public on the stock market. new numbers have been reported showing that the company lost about $58 million last year, with revenue of only around $4 million. an auditor in the new regulatory filing is doubting the company can stay afloat. trump media has not responded to requests for comment. >>> and israeli delegation will meet with officials from the white house today in a virtual meeting. >> the u.s. will pressure israel to not strike the southern city of gaza city -- of rafah, i would say. this is a meeting that's been delayed. israel has canceled it. it was supposed to be in person. >> that's right. they canceled it at first, kris. netanyahu was upset at the time that the u.s. had abstained from the united nations vote calling for a cease-fire in gaza late last month that allowed that to go through, to pass. israel canceled a scheduled meeting at the white house with administration officials. as you pointed out, that meeting is back on, at least virtually as the two sides meet over video link today. the u.s

shares of donald trump's social media company, trump media, plunged more than 20% on monday. comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. forbes has just revealed its latest world billionaires list, a ranking of the world's richest people. at the top for the second year running, the lvmh boss bernard arnoh, who oversees the luxury french louis vuitton brand. his net worth�*s understood to have grown 10% to $233 billion. the forbes list includes a record—breaking 2,781 billionaires — more than ever before. shares of chinese smartphone maker xiaomi surged 15% when the hong kong market opened today. it's the first trading day following the company's launch of its new su7 electric car. xiaomi is pricing the su7 at $4,000 less than tesla's model 3, and that is it. hello from the bbc sport centre. let's start with some breaking cricket news in the last hour or so — england all—rounder ben stokes has asked to not be considered for selection for this summer's t20 world cup

lawsuit from the two co-founder saying they were going to be diluted out of their 8.6% stake in trump mediahnology group. this is a counter lawsuit from donald trump saying they deserve nothing. this is a deal that had a number of lawsuits from the two cofounders to the founder of the actual spac that brought trump media public and about his stake. there. are a number of lawsuits it is mind-boggling to put into perspective who is arguing what at this point. as far as we know at this point the investment group behind those two cofounders currently have a north of 5% stake an donald trump has a 57% stake. ed: a stake in what exactly? we learn the reality of what the company is, does, its finances and scale. there is not a lot there. bailey: not a lot there. the flagship product is true social. the company declines to provide typical metrics, average users, monthly average users, any real data point behind that. they did in their 2023 filing update they lost more than $50 million and generated $4 million in revenue. it really has seen -- we have been tracking the technology company that trades

you have a lot of people that don't like president trump, and then you have a lot of people who call themselves patriots on social mediaing at each other. this has become an emotional trade. stuart south it sure that -- ha. check the big board, we're up 75 points. oh, what a difference two hours makes. look at the dow winners, please, there are several on that list. american express, chevron, honeywell, caterpillar, unitedhealth. united health is back on the upside again. s&p 500 winners, paramount global, american express, fifth third bank corp., first solar, united airlines. sorry, nasdaq composite winners, what have we got? old dominion freight line, baker hughes, diamondback energy, regeneron and illumina. lauren lauren no big tech. but many of them report next week. stuart: they do. lauren: tesla, meta, google, microsoft. stuart: show me the 10-year treasury, please. i like to know the yield. it is coming down a fraction, still at 4.61. gold, on the upside today because of the events in fact middle east but not as much as it was before. it had been well above $2400, now it's right at $2400. bitcoin, as we told you

shares in trump media, donald trump's company, which runs the social media platform truth social, haveived at a manhattan court on the first day of a landmark criminal trial against him. with the latest, here's michelle fleury in new york. the company behind the truth social platform has told financial regulators it plans toissue financial regulators it plans to issue another 21 one half million shares linked to warrants these are contracts that give investors the right to buy or sell a stock at a specific price within a certain timeframe. the sale can also devalue a stock that there is not enough demand to absorb the increase with available shares which appears to be what happened today. trump media is also looking for approval to potentially resell up to 100 and next million shares held by current investors, including a former president who is the majority shareholder. the move paving the way for them to be able to cash in sooner, currently these insiders are barred from any sheer sale until september, and see securities and exchange commission signs off on the filing insiders includ

shares of trump media and technology sliding today.board debates whether to grant trump a waiver on a six-month lockup period. for more, let's bring in the business editor over at axios. great to have you with us. i was sort of surprised at this decline, because i didn't know that the metrics were all that surprising that we learned about today. what was your reaction? >> yeah, i agree, it's almost like there were people who woke up and thought, oh, wow, it's a bad business. of course it's a bad business. we knew it was a bad business through the first three quarters. maybe there were certain people that thought there was going to be some q-4 momentum. and that was maybe part of it. it wasn't just the business isn't good, it somehow got worst in the fourth quarter than it was in the third quarter. it only brought in $750,000 in q-4 last year top line, which is just an extraordinarily low amount, given that they do have a few million users. >> yeah, it's karen, so, what do you think -- what happened today, as melissa said, it seems odd

>> tonight, stock in donald trump's media company tanking after trump's social media platform, truth rted losing $58 million last year. [cheers and applause] the company was valued at nearly $10 billion after it went public last week as trump supporters rushed to scoop up shares. >> truth social is doing very well. it's hot as a pistol and doing great. >> but today, that rude awakening. the revelation of last year's losses sent the stock plunging more than 20%, and the value of trump's own stake losing more than a billion dollars. [cheers and applause] >> desi: yeah, trump, you lost a billion dollars yesterday! now you're only worth $6 billion, ya broke bitch! [uncomfortable laugh] we got him! finally! now there's a bit of a disagreement over why the stock dropped so much. analysts say it's because of huge losses and limited market upside, while trump advisers argue it's because of "woke gay trans dei hunter biden's laptop." so who's to say? at this point, it just seems like trump is trying to be in every section of the newspaper. finance. politics. style. city crime. it's only a matt

former president trump's media company trump media and technology is launching a streaming platform innetworks, religious channels, family-friendly content including films and documentaries and other content that has been canceled is at risk of cancellation or being suppressed on other platforms and services. the lifestream channel will expand outside of true social and have its own standalone app streaming to home tvs. shares of trump media technology as you can see are lower by 1% the premarket, then this john mellencamp was not singing about jack and diane instead he used the live show in toledo ohio to promote the agenda of joe, joe biden. his fans were not having and neither was a singer, watch what happened. >> before i was so rudely interrupted, i stopped the show right now and go home. since you may think so wonderful and get a cut ten songs out of the show, here we go. the show is over. he storms off the stage after fans were booing and annoyed by mellencamp and he returned and finish the set for the night. i only show you part of that because there was a lot of profanity come