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.
Government drones, errant weather balloons, experimental spy planes, rocket launches and exhaust plumes are just some of the aerial phenomena that have generated U.F.O. sightings.
Whatever the source, there is no end to the public’s fascination with mysterious objects darting across the sky.
In recent years, the government has sought to disclose more of the information — including videos, historical documents and grainy images — that it has collected on what it calls unidentified anomalous phenomena. Congress has held hearings in its own search for answers.
On Friday, the Pentagon released what it called “new, never-before-seen” files related to unidentified flying objects on a webpage with fonts and graphics reminiscent of a 1990s sci-fi thriller.
President Trump described it as a promise fulfilled.
“Whereas previous Administrations have failed to be transparent on this subject, with these new Documents and Videos, the people can decide for themselves, ‘WHAT THE HELL IS GOING ON?’” he wrote on Truth Social.
The Pentagon said more records would be released on a rolling basis.
Some of the initial files include documents from the 1960s space race between the United States and the Soviet Union, when both countries were pushing beyond Earth’s limits.
One of the documents — which has been previously cited in books — was a 1969 technical debriefing of Neil Armstrong, Buzz Aldrin and Michael Collins, the three American astronauts on the Apollo 11 moon mission.
In it, Mr. Aldrin recalls that when he was trying to sleep during the mission, “I observed what I thought were little flashes inside the cabin, spaced a couple of minutes apart.”
Mr. Aldrin also recounts seeing “what appeared to be a fairly bright light source, which we tentatively ascribed to a possible laser.”
A 1963 government memorandum reflects concerns within the Kennedy administration that the United States was not preparing for the possibility, however remote, of humans encountering aliens.
In it, Maxwell W. Hunter II, a prominent aerospace engineer, warned that, without some planning, “our policy will be determined in the traditional manner of grand panic.”
Here’s a look at some key events in the recent push for information about U.F.O.s.
May 2019
A New York Times report detailed strange aerial phenomena witnessed by Navy pilots, including flying objects that they said had no visible engines or infrared exhaust plumes, but could reach 30,000 feet and hypersonic speeds.
June 2021
The Office of the Director of National Intelligence released a report cataloging 143 unexplained aerial phenomena dating to 2004. The report did not draw conclusions or offer explanations for most of the events.
November 2021
The Pentagon announced a new group to investigate reports of unidentified aerial phenomena in sensitive areas, work that would be overseen by both military and intelligence agencies.
May 2022
Pentagon officials, testifying at the first congressional hearing on military reports of U.F.O.s in more than a half-century, showed a previously classified video of a reflective spherical object speeding past a military jet. It remains unexplained. Officials testified that the government had not collected material from any aliens.
June 2022
NASA announced a new study of unidentified aerial phenomena. An agency official described it as “high-risk, high-impact kind of research” that could uncover some new scientific phenomenon — or nothing at all.
December 2022
President Biden signed an $858 billion military spending bill that included a requirement for the Pentagon to review historical documents related to U.F.O.s dating to 1945. That was the year that, according to one account, a large, avocado-shaped object struck a communication tower in a patch of New Mexico desert now known as the Trinity Site, where the world’s first atomic bomb was detonated.
September 2023
NASA appointed its first director of research on unidentified anomalous phenomena. The position was recommended by an independent study team that called for the agency to play a bigger role in examining U.F.O.s.
March 2024
A Pentagon report found no evidence that the government covered up knowledge of extraterrestrials and no evidence that any U.F.O. sightings actually were aliens visiting Earth. The 63-page report was a sweeping rebuttal to claims that the government had secretly harbored alien spacecraft or alien technology.
February 2026
Former President Barack Obama tells a YouTuber that aliens are “real, but I haven’t seen them and they’re not being kept in Area 51.” The clip ricocheted across the internet, stirring wild speculation. Mr. Obama later clarified that he believed extraterrestrials likely exist in the universe, but “I saw no evidence during my presidency that extraterrestrials have made contact with us. Really!”
February 2026
Mr. Trump directed his administration to begin releasing files related to aliens, extraterrestrial life and unidentified flying objects. He also attacked Mr. Obama for his comments about aliens in the YouTube interview, insisting he “gave classified information; he’s not supposed to be doing that.”
May 2026
Days before the Trump administration released the latest files, Mr. Obama said in an interview with Stephen Colbert that the government was not hiding aliens. “For those of you who still think we’ve got little green men underground somewhere: One of the things you learn as president is the government is terrible at keeping secrets,” Mr. Obama said.
Politics
Newsom’s ‘Golden State Start’ promises 400 free diapers per baby as California grapples with budget woes
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Gov. Gavin Newsom is rolling out a taxpayer-backed freebie for new parents, promising hundreds of diapers for every baby born in California under a new statewide program.
The Democrat announced Friday that the state will partner with nonprofit Baby2Baby to hand out 400 free diapers to families leaving participating hospitals, starting this summer. The initiative, dubbed “Golden State Start,” is being billed as a first-in-the-nation effort to ease the high cost of raising a child.
“Every baby born in California deserves a healthy start in life,” Newsom said in a statement, touting the plan as part of his broader push to tackle affordability.
CALIFORNIA IS BROKE, BUT IT’S NOT TOO LATE FOR THE REST OF US
Calif. Governor Gavin Newsom announced on May 8 that the state is partnering with Baby2Baby, a leading national nonprofit organization headquartered in California, to launch a first-in-the-nation program to provide free diapers to all new babies born in California. (Governor Gavin Newsom)
Under the program, hospitals will distribute the diapers directly to parents upon discharge. Officials said early rollout will prioritize facilities serving low-income patients on Medi-Cal, with plans to expand statewide.
During the program’s first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom’s office said, according to the Associated Press.
The move is the latest in a string of family-focused spending initiatives from the Newsom administration, which already includes free school meals and universal preschool for 4-year-olds.
Critics are likely to challenge the program’s price tag, particularly as California navigates a tightening fiscal environment. Fox News Digital has reached out to the governor’s office regarding the costs of the program.
According to the Associated Press, the state has allocated $7.4 million in last year’s budget to launch the free diaper initiative, and Governor Newsom’s latest proposal seeks an additional $12.5 million for implementation through the fiscal year ending in June 2027.
However, these spending goals collide with a sobering economic reality.
In its January budget overview, the Legislative Analyst’s Office (LAO) noted that while the administration officially projected a $2.9 billion deficit for 2026-27, the long-term outlook is far more dire. The LAO warned that the state faces structural deficits ranging from $20 billion to $35 billion annually over the coming years
The state has partnered with nonprofit Baby2Baby to manufacture the diapers under the label “Golden State Start.” (Governor Gavin Newsom)
State officials said that they are also looking at ways to take on major diaper brands and drive down prices.
Baby2Baby, a Los Angeles-based nonprofit that distributes supplies to children in need, will handle manufacturing and logistics for the program. The group says diaper need is widespread, with as many as one in two families struggling to afford them.
CALIFORNIA SCHOOL DISTRICT INFORMS PARENTS PERIOD PRODUCTS ARE IN BATHROOMS FOR ‘ANY STUDENT WHO MENSTRUATES’
Co-CEOs Norah Weinstein and Kelly Sawyer Patricof praised the partnership as “historic,” saying it will help families during one of their most financially vulnerable moments.
“We are incredibly grateful to Governor Newsom for his ongoing commitment to combating diaper needs in California and could not be prouder to partner on this historic initiative that will support moms and babies at their most vulnerable time,” Weinstein and Patricof said in a joint statement.
During the program’s first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom’s office said. (Governor Gavin Newsom)
The announcement comes two years after Tennessee and Delaware became the first U.S. states to offer free diapers to families enrolled in their Medicaid programs, which provide healthcare to low-income families.
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Tennessee families can go to pharmacies to pick up 100 diapers per month for children under two. The Delaware program, which began as a pilot before the state extended it in 2024, provides individuals with up to 80 diapers and up to one pack of baby wipes per week in the first 12 weeks.
Fox News Digital’s Michael Dorgan and the Associated Press contributed to this report.
Politics
California hospitals will soon provide free diapers to newborns thanks to new state program
SACRAMENTO — Newborns won’t be leaving the hospital empty-handed in California.
Gov. Gavin Newsom announced on Friday that the state is partnering with Baby2Baby to provide 400 free diapers to every newborn. Baby2Baby is a national nonprofit based in California that provides clothing and other basic necessities to children.
The governor said it would help families with the rising cost of living.
“Since the pandemic, we have seen the cost of diapers go up by 45%,” said Newsom, speaking at a press conference in San Francisco. “One out of four families skip meals to pay for diapers.”
Engage with our community-funded journalism as we delve into child care, transitional kindergarten, health and other issues affecting children from birth through age 5.
The new program, dubbed the Golden State Start, will launch this summer. Participating hospitals will distribute the diapers to families at the time of discharge. Forty million diapers will be distributed during the program’s first year, with a goal of later expanding the program to provide 160 million.
Newsom said the state will prioritize hospitals that serve large numbers of parents enrolled in Medi-Cal, California’s version of the federal Medicaid program providing healthcare coverage to low-income Americans. The state plans to later expand to additional hospitals and birthing centers.
The governor described the program as the first of its kind in the nation.
“We are not imitating; we are a model to others,” he said.
Baby2Baby Co-CEOs Norah Weinstein and Kelly Sawyer Patricof said they were proud to partner with California.
“Diapers are at the core of our mission at Baby2Baby as a shocking one in two families in this country struggles to afford them,” they wrote in a joint statement.
Kim Johnson, secretary of the California Health and Human Services Agency, said the initiative would help families enjoy their first few weeks at home with a new baby.
“The first days at home with a newborn should be focused on the love, connection, and joy of an expanded family, not stress about affording diapers,” Johnson said in a statement. “This program helps ensure families can begin that journey with greater stability and peace of mind.”
The National Diaper Bank Network, a national nonprofit that tracks diaper insecurity, found about 60% of low-income families nationwide struggle with the cost of diapers and rely on less-frequent changes to get by. The organization said dirty diapers leave babies at risk of developing rashes or urinary tract infections.
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