Politics
Marjorie Taylor Greene Bought Market Dip Before Trump Paused Tariffs, Profiting From the Rally
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump.
Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,000 in Treasury bills, according to required public disclosures made to the House.
The report came as Democrats in Congress have demanded investigations of whether the president’s whipsawing moves on trade might have been aimed at manipulating the market and giving his allies a lucrative opportunity for insider trading.
Members of Congress are required to report their stock trades within 30 days of making them, though they only have to mark down broad ranges rather than specific dollar amounts. Ms. Greene’s April 8 and 9 trades — 21 each in the range of $1,001 to $15,000 — are some of the first among members of Congress that will be reported over the coming month as lawmakers detail their financial moves around the time the president encouraged people to buy the dip ahead of his pause on tariffs.
“THIS IS A GREAT TIME TO BUY!!!” Mr. Trump wrote on social media the morning of April 9. About four hours later, he said he was pausing most tariffs on every country except China, an announcement that resulted in massive one-day gains in stocks.
Ms. Greene, one of Mr. Trump’s most loyal allies in the House and an active stock trader, appeared to heed the advice, making an unusually large volume of stock purchases. That day, she bought stock in several companies, including Apple, which has since gone up in value by about 5 percent. She also bought stock in other technology companies, as well as energy firms such as Devon Energy Corporation and the pharmaceutical giant Merck & Company, according to her public disclosures.
The day before, she purchased stock in Palantir, whose value has since gone up 19 percent, and in Advanced Micro Devices, Inc., whose stock has since risen 21 percent. She also sold the Treasury bills as government bond yields were rising amid the tariff chaos, (Ms. Greene had previously purchased up to $500,000 in Treasuries before April 2, when Mr. Trump announced his most expansive tariffs to date.)
Ms. Greene, who is the chairwoman of the DOGE subcommittee of the House Oversight Committee, did not respond to a request for comment. When her stock trades were examined in the past, she told The Atlanta-Journal Constitution that she relies on a financial adviser to trade on her behalf and does not have input on which companies are being traded, or when.
Lawmakers in both parties have long championed legislation to ban individual stock trading by members of Congress as a way to appeal to growing populist sentiment among constituents.
The tumult in the stock market caused by Mr. Trump’s erratic moves on tariffs has led Democrats to question who is gaining financially because of it. Ms. Greene is not alone in appearing to have capitalized on the market volatility.
Representative Rob Bresnahan, a Pennsylvania Republican who has emerged as one of the most active stock traders in the freshman class despite saying during his campaign that he wanted to ban congressional stock trading, also appears to have profited from Mr. Trump’s tariffs.
Mr. Bresnahan sold up to $50,000 in Alibaba stock on March 4, the same day Mr. Trump doubled the tariff on Chinese imports to 20 percent. Alibaba is an e-commerce giant with close ties to the Chinese Communist Party. The stock price rose by about 30 percent between Mr. Bresnahan’s initial purchase and his final sale.
A spokeswoman for Mr. Bresnahan said that he relies on a financial adviser to trade stocks for him, and never knows about the trades before they happen or when they occur. The Alibaba trade, she said, was part of a larger strategic stock package. When it was reported in his disclosure, Mr. Bresnahan’s team put in guardrails so that he would not be able to trade that stock again.
While there has been no evidence of insider trading, Democrats have zeroed in on the potential for malfeasance as a way to attack Mr. Trump’s tariff moves and suggest that he and his friends are exploiting decisions that have hurt ordinary people.
“It is unconscionable that as American families are concerned about their financial security during this economic crisis entirely manufactured by the president, insiders may have actively profited from the market volatility and potentially perpetrated financial fraud on the American public,” a group of Democrats led by Senators Adam Schiff of California and Ruben Gallego of Arizona wrote in a letter last week to Paul Atkins, the chairman of the Securities and Exchange Commission.
In the letter, they demanded that Mr. Atkins open an investigation to determine whether Mr. Trump or any “insiders” had engaged in insider trading or other securities law violations.
Separately, Representative Alexandria Ocasio-Cortez, Democrat of New York, wrote in a fund-raising appeal on April 11 that “any member of Congress who purchased stocks in the last 48 hours should probably disclose that now,” after Nasdaq call volume spiked ahead of Mr. Trump’s announcement. Ms. Ocasio-Cortez has been a longtime proponent of legislation to ban stock trading for members of Congress.
Politics
Video: President Fires Noem as Homeland Security Secretary
new video loaded: President Fires Noem as Homeland Security Secretary
transcript
transcript
President Fires Noem as Homeland Security Secretary
President Trump fired Kristi Noem, his embattled homeland security secretary, on Thursday and announced his plans to replace her with Senator Markwayne Mullin of Oklahoma.
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“The fact that you can’t admit to a mistake which looks like under investigation is going to prove that Ms. Good and Mr. Pretti probably should not have been shot in the face and in the back. Law enforcement needs to learn from that. You don’t protect them by not looking after the facts.” “Our greatness calls people to us for a chance to prosper, to live how they choose, to become part of something special. Anyone who searches for freedom can always find a home here. But that freedom is a precious thing, and we defend it vigorously. You crossed the border illegally — we’ll find you. Break our laws — we’ll punish you.” “Did you bid out those service contracts?” “Yes they did. They went out to a competitive bid.” “I’m asking you — sorry to interrupt — but the president approved ahead of time you spending $220 million running TV ads across the country in which you are featured prominently?” “Yes, sir. We went through the legal processes. Did it correctly —” Did the president know you were going to do this?” “Yes.” “I’m more excited about just ready to get started. There’s a lot of work we can do to get the Department of Homeland Security working for the American people.”
By Jackeline Luna
March 5, 2026
Politics
DOJ continues Biden autopen probe despite former president unlikely to face charges
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The Department of Justice (DOJ) is continuing its investigation into former President Joe Biden’s use of an autopen in the final months of his administration — focusing on pardons and commutations — though a senior official said Biden is unlikely to face criminal exposure.
A senior DOJ official told Fox News the autopen investigation is ongoing and not closed, adding investigators are reviewing clemency actions taken in the final months of the Biden administration.
The official also pointed out, however, that the use of an autopen by a sitting president is “established law.”
The issue under review is whether the autopen was used in violation of the law, specifically, whether Biden personally approved each name included on pardon and commutation lists.
A framed portrait shows former President Joe Biden’s signature and an autopen along “The Presidential Walk of Fame” outside the Oval Office of the White House. (Andrew Harnick/Getty Images)
“These types of cases are tough. Executive privilege issues come into play,” the official said.
What is also clear, the official indicated, is that the target of any potential prosecution would not likely be Biden.
“It’s hard to imagine how [Biden] could be criminally liable for pardon power,” the senior DOJ official said.
BIDEN’S AUTOPEN PARDONS DISTURBED DOJ BRASS, DOCS SHOW, RAISING QUESTIONS WHETHER THEY ARE LEGALLY BINDING
The use of the autopen by former President Joe Biden remains under investigation. (AP Photo)
The official noted that one reason the former president would be unlikely to face charges stems from a 2024 Supreme Court ruling that originally involved current President Donald Trump but would also apply to Biden.
“We conclude that under our constitutional structure of separated powers, the nature of Presidential power requires that a former President have some immunity from criminal prosecution for official acts during his tenure in office,” the Supreme Court ruled in Trump v. United States in 2024.
“At least with respect to the President’s exercise of his core constitutional powers, this immunity must be absolute.”
Sources familiar with the matter told Fox News Digital that U.S. Attorney Jeanine Pirro’s team continues to review the Biden White House’s reliance on an autopen, contradicting a recent New York Times report that indicated the investigation had been paused.
DOJ SIGNALS IT’S STILL DIGGING INTO BIDEN AUTOPEN USE DESPITE REPORTS PROBE FIZZLED
President Donald Trump has pushed for consequences for former President Joe Biden’s alleged use of the autopen. (Julia Demaree Nikhinson/AP Photo)
Trump has pushed for consequences over the autopen controversy, alleging on social media that aides acted unlawfully in its use and raising the prospect of perjury charges against Biden.
Biden has rejected those claims, saying in a statement last year he personally directed the decisions in question.
“Let me be clear: I made the decisions during my presidency,” Biden said. “I made the decisions about the pardons, executive orders, legislation and proclamations. Any suggestion that I didn’t is ridiculous and false.”
The House Oversight Committee has homed in on Biden’s clemency actions, including five controversial pardons for family members in the final days of his presidency, citing what it described as a lack of “contemporaneous documentation” confirming that Biden directly ordered the pardons.
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The committee asked the DOJ to investigate “all of former President Biden’s executive actions, particularly clemency actions, to assess whether legal action must be taken to void any action that the former president did not, in fact, take himself.”
Fox News Digital’s Ashley Oliver contributed to this report.
Politics
Anxiety grows among California Democrats as gubernatorial candidates rebuff calls to drop out
SACRAMENTO — Despite a plea from the head of the California Democratic Party for underperforming candidates to drop out of the governor’s race, all but one of the party’s top hopefuls spurned the request.
Party leaders fear the growing possibility that the crowded field will split the Democratic electorate in the state’s June top-two primary election and result in two Republicans advancing to the November ballot, ensuring a Republican governor being elected for the first time since 2006.
His advice largely unheeded, state party Chairman Rusty Hicks on Thursday said the fate of a Democratic victory now rests squarely on the gubernatorial candidates who flouted him.
“The candidates for Governor now have a chance to showcase a viable path to win,” Hicks said in a statement Thursday.
Eight top Democratic candidates filed the official paperwork to appear on the June ballot after Hicks released a letter on Tuesday urging those “who cannot show meaningful progress towards winning” to drop out. Friday is the deadline to file to appear on the primary election ballot. On March 21, the secretary of state’s office will formally announce who will appear on the June ballot.
“It sounded like someone who has his head in the sand,” former Los Angeles Mayor Antonio Villaraigosa said of Hicks’ open letter. “[Most] of us filed within 24 hours of getting that letter. It created some press but not much else. It didn’t impact [most] of the candidates and it certainly didn’t impact my candidacy.”
Democratic strategist Elizabeth Ashford said it was appropriate for Hicks and other Democratic leaders to make a public plea as opposed to keeping such discussions solely behind closed doors.
But the response showed the limited power of the modern-day party bosses.
“It’s definitely not Tammany Hall,” said Ashford, referring to the storied Democratic political machine that had a grip on New York City politics for nearly a century. “The party and Rusty are influential and they are helpful and that is their role. I don’t think anyone would be comfortable with outright public strong-arming of specific candidates.”
Ashford, who worked for former Govs. Jerry Brown and Arnold Schwarzenegger, along with former Vice President Kamala Harris when she served as state attorney general, added that the minimal power of the state GOP is likely a factor in the dynamics of Democrats’ decision to stay in the race. Democratic registered voters outnumber Republicans by almost a 2-to-1 margin in the state, and Democrats control every statewide elected office and hold supermajorities in both chambers of the California Legislature.
“If there were a strong viable opposition that existed, if the Republican Party was actually relevant in California, I think that would sort of force greater unity amongst Democrats,” she said.
Just one of the nine major Democrats did heed the party chair’s message. Ian Calderon, a former Los Angeles-area Assemblyman who consistently polled near the bottom of the field, withdrew from the race and endorsed Rep. Eric Swalwell (D-Dublin) on Thursday.
Candidates cannot withdraw their name from the ballot once they officially file to run for office, leading to some fears that even if other candidates drop out of the race, a crowded primary ballot could still split California’s liberal votes.
“I’m disappointed most of them will be on the ballot,” said Lorena Gonzalez, the head of the California Federation of Labor Unions, which will announce whether it endorses in the governor’s race on March 16. But “I do still think you can have people drop out of the race or become viable. I think that there are candidates who know viability is a real thing they have to show in coming weeks” before ballots start being mailed to voters.
Jodi Hicks, chief executive and president of Planned Parenthood Affiliates of California, said she is “still worried” about the prospect of two Republicans winning the top two spots in the June primary, shutting Democrats out of any chance of winning the governor’s office in November.
“I didn’t have any specifics of who I wanted to do what,” she said. “I’m just very, very concerned and the stakes are really high right now and seem to be getting worse by the day.”
Republican candidate Steve Hilton, a former Fox News host, said he is “confident that I’ll be in the top two” along with a Democratic candidate. “I find it very difficult to believe that the Democratic Party will just surrender California and allow two Republicans to be in the top two.”
Hilton made the comments Thursday after a gubernatorial forum in Sacramento hosted by the California Assn. of Realtors focused on housing and homeownership. Villaraigosa, former Health and Human Services Secretary Xavier Becerra, San Jose Mayor Matt Mahan and former Rep. Katie Porter also attended. Swalwell, who is currently in Washington, joined the panel virtually.
During the panel, candidates were in broad agreement about the need to reduce barriers and costs in order to build more housing in California, where the median single-family home costs more than $820,000. Many also endorsed proposals to disincentivize private investment firms from buying up homes as well as a $25-billion bond proposed by former Sen. Bob Hertzberg to help first-time homebuyers afford a down payment.
“This really isn’t a debate because we’re agreeing so much with each other,” Hilton said at one point during the event.
That political alignment on one of the most pressing issues facing California may explain why voters are having such a difficult time deciding who to support.
A recent poll of the Public Policy Institute of California found that the five candidates topping the crowded field were within 4 percentage points of one another: Porter, Swalwell, Hilton, Democratic hedge fund founder Tom Steyer and Republican Riverside County Sheriff Chad Bianco. Earlier polls had Hilton and Bianco leading the field, though many voters remained undecided.
Some candidates took issue with Hicks’ push to cull the field, noting that most of the lower-polling candidates he asked to drop out are people of color.
“Our political system is rigged, corrupted by the political elites, the wealthy and well connected,” state Supt. of Public Instruction Tony Thurmond, who is Black and Latino, said in a video posted on social media in response to the open letter. “The California Democratic Party is essentially telling every person of color in the race for Governor to drop out.”
Villaraigosa argued that enough voters remain undecided that it was too early for quality candidates to call it quits.
“Most people don’t even know who’s in the race,” said Villaraigosa. “It’s premature to be thinking about getting out of the race. I certainly am not considering it and I feel no pressure.”
Aside from the opinion polls, other indicators on who may emerge from the pack a candidates are slowly emerging.
Though it wasn’t enough to win the party’s endorsement, Swalwell won support from 24% of delegates at the state Democratic convention last month, the most of any party candidate.
While spending is no guarantee of success, Steyer has donated $47.4 million of his own wealth to his campaign. Mahan, who recently entered the race and is supported by Silicon Valley leaders, has quickly raised millions of dollars, as have two independent expenditures committees backing his bid.
Ashford said part of candidates’ decisions to remain in the race could have been driven by their lengthy political careers, as well as Democrats’ crushing November redistricting victory.
“In several cases, these are people who have won statewide office,” she said. “It’s tough to feel like there may not be a sequel to that.”
Nixon reported from Sacramento and Mehta from Los Angeles.
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