Trump's Midterm-Eve Message Focuses on a Reflecting Pool as Economy Stumbles
This is bad news for Republicans heading into the midterms, as the president's closing message landed on landscaping projects while layoffs and weak earnings pile up.
- Trump used his final pre-midterm appearance to praise a renovated reflecting pool rather than address voter concerns, drawing criticism as tone-deaf from observers at home and abroad.
- Disney plans to cut jobs across its theme parks, TV, and movie divisions by as much as 20%, part of a wider wave of corporate layoffs.
- Intel's chip manufacturing business took a hit after its stock dropped sharply in October, and Apple shares fell on a weak profit outlook, adding to signs of economic strain.
- The Trump administration tried to challenge how California counts ballots but was turned down by the Supreme Court.
- Public approval for the president remains underwater, and he dismissed the polling as unreliable.
Outlook: With voting underway and the economy showing cracks (layoffs, weak tech earnings, high living costs), the midterm results will be read as a referendum on the administration's handling of the economy.