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Trump to Chrisleys: 'You Guys Don't Look Like Terrorists'
Savannah Chrisley, the daughter of recently pardoned reality stars Todd and Julie Chrisley, said President Donald Trump spoke with her on the phone after freeing her parents.

Chrisley, appearing on NewsNation’s On Balance, said Trump said, "you guys don’t look like terrorists."

"He did say he was like, 'you know, you guys don’t look like terrorists.' To me, was his exact words, which was pretty funny," Chrisley said. "But he just said that their sentences were outrageous and they were treated unfairly from everyone that he has spoken to. He wanted to bring my parents home and not just grant them a commutation, but he wanted to give them a full pardon, well, and that means that it is like it never happened."

"Your parents are going to be free and clean and I hope that we can do it by tomorrow," Trump said in a call with their daughter, according to a video posted online Tuesday by a White House aide.

The Chrisleys were convicted in 2022 for conspiring to defraud banks in the Atlanta area out of more than $30 million in loans by submitting false documents. They were also found guilty of tax evasion, obscuring their earnings while showcasing a luxurious way of living that authorities said included high-priced cars, designer clothes, real estate, and travel.

Prosecutors said the couple walked away from their responsibility for repayment when Todd Chrisley declared bankruptcy and left $20-plus million in unpaid loans. Julie Chrisley was sentenced to seven years in federal prison, and Todd Chrisley got 12 years behind bars. The couple was also ordered to pay $17.8 million in restitution.

Chrisley said the sentence her parents got for tax evasion was excessive.

"If I [believed] that my parents were guilty of what they did, then yes, they should have gone to prison," Chrisley said. "I do not believe that even if they were guilty, the time they got was … mean, it was absolutely insane. But I brought up in our case, the huge Fourth Amendment violations, the illegal seizures, the fact that they had my father’s face on a dart board, the IRS agent lying on the stand and referring to us as the Trumps of the South, and also accusing my family of terrorism just so they could run a financial report."

Stocks Muted Ahead of Fed Minutes, Nvidia Results

Wall Street's main indexes were subdued Wednesday after a sharp rally in the previous session sparked by easing trade tensions, as investors awaited AI leader Nvidia's results and minutes from the U.S. Federal Reserve's last policy meeting.

Nvidia is expected to report a 66.2% surge in first-quarter revenue, according to data compiled by LSEG. Shares of the chipmaker rose 0.2% ahead of its earnings, due to be released after markets close.

"There's kind of wait and see for Nvidia earnings tonight, which have become one of the big macro market movers, both because of the leverage to the AI trade and the AI theme and also because of the linkages to global trade," said Ross Mayfield, investment strategist at Baird.

Traders in the options markets are bracing for industry-wide volatility, with defensive options contracts drawing heavy attention for the VanEck Semiconductor ETF, the largest semiconductor ETF.

At 11:03 a.m. EST, the Dow Jones Industrial Average rose 81.23 points, or 0.19%, to 42,262.42, the S&P 500 gained 12.13 points, or 0.20%, to 5,909.41, and the Nasdaq Composite lost 25.66 points, or 0.13%, to 19,174.08.

Most megacap and growth stocks traded up, with Google-parent Alphabet rising 1% and Meta Platforms adding 1.2%.

Six of the 11 major S&P 500 sub-sectors rose, with Communication Services and information technology showing the biggest gains.

All three main Wall Street indexes soared in the last session after U.S. President Donald Trump backed down over the weekend from his threat of 50% tariffs on imports from the European Union.

The S&P 500 is now about 4% off its record closing high, reached on February 19, falling as much as 18.9% below that level in the wake of Trump's erratic tariff announcements that have whipsawed markets for much of his second term.

Minutes from the U.S. Federal Reserve's last policy meeting, when the central bank held borrowing costs steady, are slated for release at 2 p.m. ET.

In earnings, Michael Kors-owner Capri Holdings jumped nearly 9% after reporting a fourth-quarter revenue beat.

New York Fed President John Williams said central banks must "respond relatively strongly" when inflation begins to deviate from their target, given the high uncertainty around the economic impact of U.S. tariffs and trade policy.

Yields on long-dated U.S. government bonds were slightly higher after scaling multi-month highs last week. Those on the benchmark 10-year note were up 3.9 basis points at 4.47%.

Global bond markets have been in the spotlight over concerns about fiscal sustainability in major economies including the United States and Japan.

Shares of sportswear retailer Dick's Sporting Goods rose 2.6% after it posted a first-quarter results beat.

Cybersecurity firm Okta flagged risks related to the uncertain economic environment but stuck to its full-year outlook. Its shares dropped nearly 12%.

Declining issues outnumbered advancers by a 1.36-to-1 ratio on the NYSE and by a 1.44-to-1 ratio on the Nasdaq.

Ruddy: Trump, Zelenskyy Want Peace, Putin Does Not
President Donald Trump has had a simple and bold plan to win the peace in the brutal war between Russia and Ukraine.

In my opinion, Trump knew getting President Volodymyr Zelenskyy and the Ukrainians to negotiate was never going to be the problem.

But Russian President Vladimir Putin would be.

So Trump seemingly castigated the Ukrainians at the very same time he extended a very welcoming hand to Putin, a nonthreatening and nonjudgmental one at that.

Trump's maneuver was a brilliant one, including a peace deal that would start with both sides agreeing to an immediate ceasefire.

As expected, Zelenskyy quickly signed on.

At Trump's demand, the Ukrainians even gave away a big chunk of their national wealth in a minerals deal with the U.S.

Putin has talked a good game and still does.

While Trump and Zelenskyy have taken concrete steps toward peace, Russia has actually stepped up its attacks against Ukraine.

This past weekend, Russian forces have undertaken one of their largest combined drone and missile strikes since the invasion began in February of 2022.

The recent attacks, largely targeting civilian centers, have included nine Kh-101 cruise missiles and a record 355 Shahed-type attack drones.

Putin's ongoing attacks have contributed to the wider toll of the war on Ukraine, which has seen hundreds of thousands of casualties, millions displaced and significant damage to the nation's civilian infrastructure.

Russia's own toll has been enormous, with estimates of total Russians killed and wounded around 1 million men.

Does Russia eventually reduce its military-industrial complex or retarget its forces against NATO?

Earlier this year, Dutch Admiral Rob Bauer, NATO's military committee chief, warned that the alliance should "expect the unexpected" and urged members to begin preparations for a Russian attack.

The risks of such a war are real.

I believe that President Trump saw ending the war between Ukraine and Russia as the single biggest priority in his second term.

He also knew that neither side would be happy about the result of a deal.

But the "bloodbath" would end.

Trump believed he could end the war because of his working relationship with Putin during his first term.

The two disagreed on many things but were able to live with each other.

But Putin himself has changed since Trump's first term.

Former British Prime Minister Tony Blair has said the Putin today is almost unrecognizable from the man he knew in the 2000s.

As Trump is discovering, Putin also is very different from the man he dealt with previously.

Trump said in a social media post Sunday, "I've always had a very good relationship with Vladimir Putin of Russia, but something has happened to him."

It is widely believed that Putin was encouraged to invade Ukraine after he saw then-President Joe Biden order America's hasty and humiliating exit from Afghanistan in 2021.

The Trump administration has vowed to make America the world leader and the "Bitcoin capital of the world" and Vice President JD Vance is speaking at the conference Wednesday in a headlining speech that will air at least in part on Newsmax.

Institutional adoption of cryptocurrencies are increasing a priority by America's big banks, who are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators.

Wall Street giants that had been largely blocked from many crypto activities by strict regulations are poised to grow quickly and there remains longtime crypto skeptics in leadership like JPMorgan Chase CEO Jamie Dimon.

"When I look at the Bitcoin universe, the leverage in the system, the misuse in the system, the money laundering issues, trafficking, I'm not a fan of it," Dimon told investors last week. "We're going to allow you to buy it, we're not going to custody it.

"I don't think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin," he added.

Trump vowed to become the first "crypto president" before he took office. He has since wooed the industry's elite at the White House, promised to boost the adoption of digital assets and said he aims to create a strategic bitcoin reserve.

While there are welcoming signs, banks are seeking even clearer guidelines from the government clarifying what they can do in crypto, more than half a dozen industry executives said.

"The shift in the stance is encouraging for traditional lenders, but they are still approaching it with caution and viewing the changes in regulation as an opportunity to engage and not a free pass," said Dario de Martino, A&O Shearman M&A partner who works on crypto-related issues.

Custody businesses to store and manage crypto assets are promising, bankers and executives said, but they have thin margins and potentially pose high risks.

Most banks are likely to enter custody businesses through partnerships with existing crypto firms, sources said.

Charles Schwab CEO Rick Wurster told Reuters earlier this month that the traffic lights from financial regulators were flashing "pretty green" for large firms to grow in crypto. The signals have reinforced Schwab's plans to offer spot crypto trading within a year, he said.

New regulators under Trump have also signaled more bank-friendly crypto policies. The U.S. Office of the Comptroller of the Currency paved the way for lenders to engage in some crypto activities, such as custody, some stablecoin activities and participation in distributed ledger networks.

The Securities and Exchange Commission also scrapped earlier accounting guidance that made it expensive for banks to deal in crypto.

Rubio: 'New Visa Restriction' on Foreigners Undermining US
Secretary of State Marco Rubio announced a new visa restriction policy targeting foreigners who work to undermine the rights of Americans amid the Trump administration's ongoing legal immigration push and fights with American colleges flooding their institutions with foreign students.

Amid the Trump administration's ongoing legal immigration push and fights with American colleges flooding their institutions with foreign students, Secretary of State Marco Rubio announced a "new visa restriction policy" targeting "foreigners who work to undermine the rights of Americans."

"For too long, Americans have been fined, harassed and even charged by foreign authorities for exercising their free speech rights," Rubio wrote in an announcement on X.

"Today, I am announcing a new visa restriction policy that will apply to foreign officials and persons who are complicit in censoring Americans. Free speech is essential to the American way of life — a birthright over which foreign governments have no authority," wrote Rubio.

Entering the U.S. is a privilege and not a right, Rubio stressed, as Biden administration holdovers, Democrat lawyers and liberal activists are seeking to obstruct President Donald Trump's administration on deportations, border security and visa restrictions.

"Foreigners who work to undermine the rights of Americans should not enjoy the privilege of traveling to our country," Rubio added in an ensuing X post. "Whether in Latin America, Europe or elsewhere, the days of passive treatment for those who work to undermine the rights of Americans are over."

Rubio's news comes one day after State Department cables revealed foreign visa interviews had been put on hold for new guidance.

A Rubio cable sent Tuesday ordered pauses of U.S. Embassy and consulate interviews for student visa applications.

"Effective immediately, in preparation for an expansion of required social media screening and vetting, consular sections should not add any additional student or exchange visitor (F, M, and J) visa appointment capacity until further guidance is issued septel, which we anticipate in the coming days," the cable read, according to Politico.

"Septel" is the State Department term for future guidance to come. That guidance appears to have been the visa restriction policy Rubio just announced.

Musk 'Disappointed' With Trump-Backed Tax & Spending Bill

Elon Musk is not entirely happy with the tax and spending bill backed by President Donald Trump, Politico reports.

In a CBS interview excerpt, the billionaire, who has been overseeing the Department of Government Efficiency, says spending in the bill contradicts DOGE.

“I was disappointed to see the massive spending bill, frankly, which increases the deficit, not just decreases it, and undermines the work that the DOGE team is doing,” the Tesla CEO told “CBS Sunday Morning,” with the full interview set to run on June 1.

“I think a bill can be big, or it can be beautiful — but I don’t know if it can be both, in my personal opinion,” Musk said of the bill, which narrowly passed the House of Representatives.

Musk launched DOGE with the goal of saving taxpayers $2 trillion. Instead, by cutting or paring back 11 federal agencies and eliminating 250,000 government jobs, DOGE has reduced the U.S. budget by $160 billion.

The remarks by Musk, a Trump supporter, could possibly impact prospects for the “Big Beautiful Bill” in the upper chamber, where it could face challenges.

Sen. Ron Johnson, R-Wisconsin, wants further budget cuts, while other Republicans argue the Medicaid cuts in the bill go too far. A handful of GOP legislators support some of the Biden administration’s Inflation Reduction Act tax credits and do not want them eliminated.

The spending bill is the centerpiece of Trump's domestic policy agenda and could define his second term in the White House.

Independent analysts have warned it would increase the deficit by as much as $4 trillion over a decade.

In a separate interview with The Washington Post, Musk, who founded and runs both Tesla and SpaceX, looked back on his work leading the reforms, in which many civil servants lost their jobs with little or no warning.

House Panels Probe Nashville Mayor for Obstructing ICE

Rep. Andy Ogles, R-Tenn., said two House committees will investigate Nashville Mayor Freddie O'Connell for possibly "aiding and abetting" illegal migrants and obstructing Immigration and Customs Enforcement agents.

Ogles announced the probes during a press conference that included federal, state, and local officials at the Tennessee State Capitol.

"We've heard it: the individuals that the mayor is standing with are murderers, rapists, drug traffickers, sexual predators, child traffickers … the list goes on," Ogles told reporters Monday. "Which is why I will always stand on the rule of law and with ICE. And I don't just stand with ICE, I'll stand in front of ICE because we the people have had enough. I choose my community, my state and my family over this type of nonsense.

"Due to the remarks of Freddie O'Connell and the potential for aiding and abetting illegal immigration, the Homeland Security and the Judiciary committees will be conducting an investigation into the mayor of Nashville, his conduct and whether or not federal dollars have been used in criminal enterprise."

Ogles said the Homeland Security Committee, of which he's a member, and the Judiciary Committee will investigate whether the mayor used federal tax dollars "in criminal enterprise" related to illegal immigration.

"Ending the illegal alien invasion unleashed by Democrats and kept alive by obstructionist, activist mayors like Freddie O'Connell. That's why I brought together patriots from every level of Tennessee's government — from city councilmen to state legislators to federal law enforcement officials," Ogles said in a release following the press conference.

"The only way to secure our streets from the violence of illegal alien criminals is to stand with President Trump and support the efforts of ICE. Anyone who stands in the way of ICE is aiding foreign enemies and should be held accountable. It's time to take back our country, secure Tennessee, and make America safe again."