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What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve.

The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial Average, which tracks 30 top-tier stocks, declined by nearly 390 points. It had been up 700 points earlier in the day. Cryptocurrencies also shed billions in value: Bitcoin had fallen below $87,000 as of late Thursday afternoon, weeks after having set highs above $120,000.

The stunning turnaround added further unease to an already shaky economy that has forced households to trim budgets amid stubborn inflation and signs of a wavering job market. With an ever-increasing part of the economy’s principal driver — consumer spending — now reliant on affluent households, an extended market pullback could inflict wider damage.

‘You don’t have to have the biggest bubble in history for an expensive stock market’ and end up seeing declines, said Matt Maley, chief market strategist at Miller Tabak asset management group.

Traders’ hopes were boosted early Thursday by a better-than-expected jobs report that appeared to show the economy remained resilient. Even before the day began, stocks looked poised to rise after Nvidia, the chipmaker at the heart of the AI boom, reported strong quarterly earnings and revenue.

Yet by midday, markets had turned red. The solid September jobs report diminished the odds that the Federal Reserve will cut interest rates next month to lower the cost of borrowing money to spur economic activity. When investors don’t have to pay as much in interest, they often put those savings into stocks.

“The broad rebound in payrolls suggests diminished risks of a higher unemployment rate,” analysts with Morgan Stanley said in a note published shortly before noon. “We no longer expect a Fed cut in December.”

Losses were further compounded by ongoing concerns about AI — specifically, how much more profitable the companies buying chips like Nvidia’s will be. The fears were articulated Wednesday evening on X by Michael Burry, made famous by the movie ‘The Big Short.’

‘Just because something is used does not mean it is profitable,’ he wrote.

Finally, the ongoing sell-off of bitcoin indicated to some traders that a key source of support for stocks — retail or day traders — were beginning to waver on their trademark ‘buy the dip’ mentality.

‘I wouldn’t say we’ve flipped from bull to bear,’ said Steve Sosnick, chief strategist at Interactive Brokers financial group. ‘I would say we’ve flipped from bull to balanced market in the short term. A lot depends on whether sentiment continues to weaken.’

Stocks had already been showing signs of flagging in recent weeks. With Thursday’s losses, the S&P 500 fell to its lowest point since September.

The long-delayed September jobs report, which showed that the United States added a sturdy 119,000 jobs, appeared to show some glimmers of hope for the economy.

Although the unemployment rate ticked up from 4.3% in August to 4.4%, about 450,000 workers entered the labor force. Economists view that as evidence that job opportunities are still plentiful, despite a wave of corporate layoffs.

Just before the Bureau of Labor Statistics released the jobs report, Verizon told employees it planned to lay off 13,000 employees, or about 13% of its workforce.

The company joined a suite of other blue-chip employers that say they plan to eliminate tens of thousands of jobs, including Amazon, General Motors, IBM, Microsoft, Paramount, Target and UPS.

The details of the jobs report, which captured conditions before the government shutdown, as well more recent jobs data, suggested a more mixed picture for the U.S. economy.

Manufacturing shed 6,000 jobs, continuing a trend in a sector the Trump administration has touted as a key target of its economic policies. Transportation and warehousing also lost 25,300 jobs. Wage growth slowed, and job totals for July and August were revised downward.

The employment gains in September were concentrated in the health care, hospitality and social assistance sectors.

Another snapshot of the economy came courtesy of Walmart, which on Thursday reported strong sales and raised its outlook for the year. That strength points to cracks in the economy, though. Executives said the chain is luring more high-income shoppers who are looking for bargains, and noted that lower-income families are feeling more pressure.

‘As pocketbooks have been stretched, you’re seeing more consumer dollars go to necessities versus discretionary items,’ Chief Financial Officer John David Rainey said on an earnings call Thursday morning.

Walmart’s stock closed 6.5% higher.

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Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded.

Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to $2,661.37, its lowest in four months.

Both tokens are down roughly 12% so far this week.

Cryptocurrencies are often viewed as a barometer of risk appetite and their slide highlights how fragile the mood in markets has turned in recent days, with high-flying artificial intelligence stocks tumbling and volatility spiking VIX.

“If it’s telling a story about risk sentiment as a whole, then things could start to get really, really ugly, and that’s the concern now,” Tony Sycamore, a market analyst at IG, said of the fall in bitcoin.

About $1.2 trillion has been wiped off the market value of all cryptocurrencies in the past six weeks, according to market tracker CoinGecko.

Bitcoin’s slide follows a stellar run this year that propelled it to a record high above $120,000 in October, buoyed by favourable regulatory changes towards crypto assets globally.

But analysts say the market remains scarred by a record single-day slump last month that saw more than $19 billion of positions liquidated.

“The market feels a little bit dislocated, a bit fractured, a bit broken, really, since we had that selloff,” said Sycamore.

Bitcoin has since erased all its year-to-date gains and is now down 12% for the year, while ether has lost close to 19%.

Citi analyst Alex Saunders said $80,000 would be an important level as it is around the average level of bitcoin holdings in ETFs.

The selloff has also hurt share prices of crypto stockpilers, following a boom in public digital asset treasury companies this year as corporates took advantage of rising prices to buy and hold cryptocurrencies on their balance sheets.

Shares of Strategy, once the poster child for corporate bitcoin accumulation, have fallen 11% this week and were down nearly 4% in premarket trade, languishing at one-year lows.

JP Morgan said in a note this week that the company could be excluded from some MSCI equity indexes, which could spark forced selling by funds that track them.

Its Japanese peer Metaplanet has tumbled about 80% from a June peak.

Crypto exchange Coinbase was down 1.9% in premarket trade and is on course for its longest losing streak in more than a month.

Crypto miners MARA Holdings and CleanSpark were down 2.4% and 3.6%, respectively, while the Winklevoss twins’ newly-listed Gemini has plunged 62% from its listing price.

“Bitcoin market conditions are the most bearish they have been since the current bull cycle started in January 2023,” said digital asset research firm CryptoQuant in its weekly crypto report on Wednesday.

“We are highly likely to have seen most of this cycle’s demand wave pass.”

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Former President John F. Kennedy’s granddaughter, Tatiana Schlossberg, announced on Saturday — exactly 62 years after he was assassinated — that she has terminal cancer.

The 35-year-old said she was diagnosed with acute myeloid leukemia, with a rare mutation called Inversion 3, soon after the birth of her daughter in May 2024, and that doctors recently told her she probably has about a year to live.

‘My first thought was that my kids, whose faces live permanently on the inside of my eyelids, wouldn’t remember me,’ she wrote in an essay for The New Yorker. ‘My son might have a few memories, but he’ll probably start confusing them with pictures he sees or stories he hears.’

She said she ‘didn’t ever really get to take care of my daughter—I couldn’t change her diaper or give her a bath or feed her, all because of the risk of infection after my transplants. I was gone for almost half of her first year of life. I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.’

She said the diagnosis was shocking because she felt perfectly healthy.

‘I did not—could not—believe that they were talking about me,’ she wrote of the first talk of leukemia. ‘I had swum a mile in the pool the day before, nine months pregnant. I wasn’t sick. I didn’t feel sick. I was actually one of the healthiest people I knew.’

She said the cancer is mostly seen in older patients and doctors frequently asked her if she had spent much time at Ground Zero in New York City, which she had not.

Schlossberg, who is the daughter of Caroline Kennedy, JFK’s oldest surviving daughter, described in heartbreaking detail her months on end of different treatments to beat the cancer.

She went through a round of chemotherapy to ‘reduce the number of blast cells in my bone marrow,’ then received a bone-marrow transplant with the help of her sister.

She said after she went into remission and went home she had no immune system and had to get all of her childhood vaccines again.

Then she relapsed, her doctor telling her that leukemia with her mutation ‘liked to come back.’

At the beginning of the year, she joined a clinical trial of CAR-T-cell therapy, ‘a type of immunotherapy that has proved effective against certain blood cancers.’

That was followed by another round of chemotherapy and a second blood transfusion from an unrelated donor.

‘During the latest clinical trial, my doctor told me that he could keep me alive for a year, maybe,’ she wrote.

She also wrote of her concerns after her cousin Robert F. Kennedy Jr., whom she called an ’embarrassment,’ was nominated as secretary of Health and Human Services.

‘Suddenly, the health-care system on which I relied felt strained, shaky,’ she wrote. ‘Doctors and scientists at Columbia [Presbyterian hospital], including [her husband] George, didn’t know if they would be able to continue their research, or even have jobs.’

She praised the rest of her family, whom she said sat at her bedside while she endured treatments and took care of her children.

Of her husband, urologist George Moran, she wrote, ‘he is perfect, and I feel so cheated and so sad that I don’t get to keep living the wonderful life I had with this kind, funny, handsome genius I managed to find.’

Her brother Jack Schlossberg, who is running for congress in New York, wrote on his Instagram on Saturday, ‘Life is short, let it rip.’

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

 

Her mother’s cousin, Maria Shriver, shared her essay on Instagram, writing, ‘If you can only read one thing today, please make take the time for this extraordinary piece of writing by my cousin Caroline’s extraordinary daughter Tatiana. Tatiana is a beautiful writer, journalist, wife, mother, daughter, sister, and friend.’

Tatiana added in her essay, ‘For my whole life, I have tried to be good, to be a good student and a good sister and a good daughter, and to protect my mother and never make her upset or angry. Now I have added a new tragedy to her life, to our family’s life, and there’s nothing I can do to stop it.’

Robert F. Kennedy Sr., her mother, Caroline Kennedy’s uncle, was assassinated five years after JFK, and along with having two siblings who died in infancy, Caroline’s only surviving brother, JFK Jr, died in a plane crash in 1999.

Schlossberg’s grandmother, Jacqueline Kennedy Onassis, also died of cancer in 1994, of non-Hodgkin lymphoma when she was 64.

She finished her essay by saying that she lives to be with her children now.

‘But being in the present is harder than it sounds, so I let the memories come and go,’ she admitted. ‘So many of them are from my childhood that I feel as if I’m watching myself and my kids grow up at the same time.’

She added, ‘Sometimes I trick myself into thinking I’ll remember this forever, I’ll remember this when I’m dead. Obviously, I won’t. But since I don’t know what death is like and there’s no one to tell me what comes after it, I’ll keep pretending. I will keep trying to remember.’

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President Donald Trump and former President Barack Obama are polar opposites in many ways, but, as with anyone who has sat behind the Resolute Desk, they do share some similarities.

One thing both have in common is overseeing government shutdowns — one under Obama and two under Trump. And even in that sparse similarity, both men operated differently, particularly in the most recent, 43-day closure.

While both congressional battles were centered on Obamacare, Obama put his shutdown at the center of attention, while Trump kept it at more of an arm’s length.

Romina Boccia, director of budget and entitlement policy at the Cato Institute, told Fox News Digital that a major difference in the Obama and Trump administrations’ approaches to their respective shutdowns was that in 2013, Obama wanted the pain of shutdown to be felt by Americans, while Trump kept the focus centered on Washington, D.C.

‘During the Obama shutdown, it was more to make it extremely visible, shut down beloved functions — even if you didn’t have to — that affect average Americans,’ she said.

Boccia at the time worked for the conservative think-tank the Heritage Foundation and recalled the barricades that were swiftly erected around Washington, D.C.’s many national parks.

Those barricades, both concrete and human, spilled out beyond the nation’s capital and were placed around the hundreds of national parks across America as a stark reminder that the government was closed.

Boccia noted that a direct comparison of the two shutdowns would be difficult given the differing lengths, but that the Trump administration, at least early on, sought to inflict direct pain on congressional Democrats and the federal government.

That was carried out largely by the Office of Management and Budget Director Russ Vought, who ordered mass firings of furloughed workers and withheld or canceled billions in federal funding to blue cities and states.

‘It’s not that this wasn’t a shutdown, it’s just that the choices the administration made were an attempt to focus the impacts of the shutdown this round on the government itself,’ Brittany Madni, executive vice president of the Economic Policy Innovation Center, told Fox News Digital.

‘This was showmanship from President Obama,’ Madni continued. ‘And if you look at what happened over the last 40 something days, it was the exact same playbook by congressional Democrats.’

Madni argued that discussions and debate during the 2013 shutdown were centered largely in Washington, D.C. The latest closure saw some of that, but it also saw Trump continuing to work on trade deals, particularly during his high-profile visit to Asia, which was a point of contention for Democrats on the Hill.

‘He was doing his job,’ Madni said. ‘He was doing his job. Meanwhile, congressional Democrats, quite simply, were not.’

Still, there was a shared thread in both shutdowns: Obamacare.

In 2013, congressional Republicans wanted to dismantle Obama’s signature piece of legislation. Fast-forward, Senate Minority Leader Chuck Schumer, D-N.Y., led his caucus to push extensions to enhanced Obamacare subsidies.

Boccia said that played a large part in why Obama was at the vanguard during his shutdown.

‘He was front and center in the media talking about the shutdown, and because it was over his legacy achievement,’ she said.

It was because his key legislative achievement was under fire that Obama took such a central role in the shutdown, Boccia argued, but for Trump, who tried during his first administration to gut and replace Obamacare, it wasn’t a priority.

‘The fact that it was over the Obamacare COVID credits, I think, made the president less necessary and perhaps interested in being the face of the shutdown,’ she said. ‘It was really a congressional battle.’

Madni disagreed that the latest shutdown wasn’t a direct bid by congressional Democrats to go after one of his legislative achievements.

Before the climactic failed vote in the Senate in late September that ushered in the longest shutdown in history, Democrats offered a counter-proposal that would have stripped several provisions from Trump’s ‘big, beautiful bill,’ which has so far been the crowning legislative achievement of his second term.

‘It’s really important that everyone remembers the subsidy request was one request in a laundry list of radical, incredibly expensive ideas that added up to $1.5 trillion,’ Madni said. ‘Another item in that list was dismantling key portions of the One Big Beautiful Bill Act.’

‘If this was really about the subsidies, then the Democrats would have been willing at any point during the last 43 days to adjust their asks and just make it about subsidies,’ she continued. ‘Not once did they.’

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President Donald Trump’s administration is rejecting claims that its most recent plan for a peace deal in Ukraine was really a Russian ‘wish list.’

Confusion arose regarding the deal after lawmakers on Capitol Hill claimed they were told by White House officials that the deal was a proposal from the Russian side. Secretary of State Marco Rubio has since pushed back on that claim, however.

‘[Rubio] made it very clear to us that we are the recipients of a proposal that was delivered to one of our representatives,’ Sen. Mike Rounds, R-S.D., said at a press conference. ‘It is not our recommendation. It is not our peace plan. It is a proposal that was received, and as an intermediary, we have made arrangements to share it — and we did not release it. It was leaked.’

According to The Associated Press, Sen. Angus King, I-Maine, said that Rubio told him and his colleagues that it ‘was not the administration’s plan’ but a ‘wish list of the Russians.’

Rubio responded to this narrative with a post on social media, writing that the peace proposal ‘was authored by the U.S.’

‘It is offered as a strong framework for ongoing negotiations. It is based on input from the Russian side. But it is also based on previous and ongoing input from Ukraine,’ he added.

Rounds released another statement through his press office after Rubio’s response.

‘I appreciate Secretary Rubio briefing us earlier today on their efforts to bring about peace by relying on input from both Russia and Ukraine to arrive at a final deal,’ Rounds wrote.

The White House did not immediately respond to a request for comment from Fox News Digital.

Rubio traveled to Geneva on Sunday to meet with Ukrainian officials alongside Army Secretary Dan Driscoll, where they are expected to hash out Kyiv’s misgivings regarding the deal.

Trump himself lashed out at Ukraine over the peace talks in a Sunday statement.

‘UKRAINE ‘LEADERSHIP’ HAS EXPRESSED ZERO GRATITUDE FOR OUR EFFORTS, AND EUROPE CONTINUES TO BUY OIL FROM RUSSIA,’ Trump wrote on Truth Social.

While the current agreement has not been made public, a leaked draft has been reported to include terms that would halt the fighting in Ukraine while giving Russia concessions like control over Ukrainian territory that the Russian military does not yet control, as well as barring Ukraine from membership in NATO.

Ukrainian President Volodymyr Zelenskyy did not reject the plan outright in an address last week, but he insisted on fair treatment while pledging to ‘work calmly’ with Washington and other partners in what he called ‘truly one of the most difficult moments in our history.’

Fox News’ Jennifer Griffin and The Associated Press contributed to this report.

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President Donald Trump kicked off the week meeting with Saudi Crown Prince Mohammed bin Salman and closed the week meeting with New York City Mayor-elect Zohran Mamdani. 

He also signed legislation ordering the Justice Department to release files related to the late financier and convicted sex offender Jeffrey Epstein. 

Here’s a look at what happened this week. 

Epstein files 

Trump announced Wednesday evening that he put his stamp of approval on a bill instructing the Justice Department to release files related to Epstein — after Congress passed the measure Tuesday.

‘I HAVE JUST SIGNED THE BILL TO RELEASE THE EPSTEIN FILES!’ Trump wrote in a lengthy message on the Truth Social platform. ‘As everyone knows, I asked Speaker of the House Mike Johnson, and Senate Majority Leader John Thune, to pass this Bill in the House and Senate, respectively. Because of this request, the votes were almost unanimous in favor of passage. 

‘At my direction, the Department of Justice has already turned over close to fifty thousand pages of documents to Congress. Do not forget — The Biden Administration did not turn over a SINGLE file or page related to Democrat Epstein, nor did they ever even speak about him.’

Trump’s ties to Epstein had faced increased attention after Trump’s Justice Department and FBI announced in July it would not unseal investigation materials related to Epstein, and that the agencies’ investigation into the case had closed.

However, Trump announced Nov. 16 that he backed releasing the documents, claiming that he had ‘nothing to hide.’

Ultimately, the House voted Tuesday to release the files by a 421–1 margin, following pressure for months from the measure’s ringleaders, Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., and other Democrats.

The Senate passed the measure by unanimous consent later Tuesday.

Mamdani meeting 

Mamdani visited Trump at the White House Friday, and the two appeared chummy and ready to launch a fresh start in their relationship. The two said they discussed addressing affordability issues and improving conditions in New York. 

Trump said the two had more in common than he anticipated, and that he would be ‘cheering’ for Mamdani as he leads the city. 

‘I expect to be helping him, not hurting him — a big help,’ Trump said.

Trump also brushed off Mamdani’s comment labeling him a despot in his victory speech following the Nov. 4 election, with the president claiming Friday he’s encountered worse and that he believes Mamdani will change his tune as the two work together. 

‘I’ve been called much worse than a ‘despot,’ so it’s not, it’s not that insulting,’ Trump said. ‘I think he’ll change his mind after we get to working together.’ 

Saudi crown prince meeting

Trump also met with the Saudi Crown Prince Mohammed bin Salman at the White House Tuesday, an occasion that included a red carpet rolled across the South Lawn, military honor guard, and an Air Force flyover to elevate the formal state-level welcome.

During bin Salman’s visit, the U.S. announced that it would sell F-35 jets to Saudi Arabia, and that it would now be a ‘major non-NATO ally’ to facilitate military cooperation between the two countries. 

‘President Trump approved a major defense sale package, including future F-35 deliveries, which strengthens the U.S. defense industrial base and ensures Saudi Arabia continues to buy American,’ the White House said in a statement. 

Trump’s reception of bin Salman is a departure from the Biden administration, who said in 2019 during his presidential campaign that he would make Saudi Arabia ‘the pariah that they are’ because of the death of Washington Post journalist Jamal Khashoggi.

U.S. intelligence agencies concluded in 2021 that bin Salman gave the green light on the operation that took Khashoggi’s life. Khashoggi, a Saudi dissident, was brutally murdered in Istanbul at the Saudi consulate in 2018.

But Trump defended bin Salman Tuesday, and accused a reporter who asked about U.S. intelligence reports linking the prince to Khashoggi’s death of embarrassing bin Salman.

‘A lot of people didn’t like that gentleman that you’re talking about,’ Trump said Tuesday. ‘Whether you like him or didn’t like him, things happen, but he knew nothing about it. And would you leave it at that? You don’t have to embarrass our guest by asking a question.’

Even so, bin Salman has dismissed the reports as false. When asked Tuesday about Khashoggi, bin Salman said it’s ‘painful’ to hear of the death of anyone for ‘no real purpose,’ and ‘we are doing our best that this doesn’t happen again.’

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Rep. Eugene Vindman, D-Va., is demanding that President Donald Trump release a 2019 call with Saudi Crown Prince Mohammed bin Salman, saying the American people ‘deserve to know what was said’ in the aftermath of Jamal Khashoggi’s murder.

Vindman, a retired Army colonel who once served on Trump’s National Security Council, said the call was one of two that deeply concerned him — the other being the 2019 conversation with Ukrainian President Volodymyr Zelenskyy that triggered Trump’s first impeachment. 

Standing beside Hanan Elatr Khashoggi, the slain journalist’s widow, Vindman said Trump ‘sidelined his own intelligence community to shield a foreign leader’ and that transparency is owed to both the Khashoggi family and the country.

‘The Khashoggi family and the American people deserve to know what was said on that call,’ Vindman said Friday. ‘Our intelligence agencies concluded that Crown Prince Mohammed bin Salman ordered the murder of Mr. Khashoggi’s husband. When the president sidelined his own intelligence community to shield a foreign leader, America’s credibility was at stake.’

Vindman’s name already is polarizing in Trump-era politics. 

He and his twin brother, Lt. Col. Alexander Vindman, became central figures in the first impeachment attempt against Trump, when their internal reporting of Trump’s Ukraine call led to accusations from conservatives that they had undermined an elected president. To Trump’s allies, Eugene Vindman’s demand to release the 2019 Saudi call feels like a replay of that fight — another attempt by a former National Security Council insider to damage the president under the banner of transparency.

Still, his comments land at a revealing moment. Washington’s embrace of bin Salman underscores a familiar trade-off in U.S. foreign policy: strategic security and economic interests over accountability and human rights.

Secretary of State Marco Rubio said: ‘The U.S.-Saudi friendship is now a partnership for the future. President Trump’s historic agreements with the Kingdom of Saudi Arabia, from defense to investment, will create quality jobs for Americans and will grow our economy. No virtue-signaling. No lecturing. Only results for the American people.’

White House relations

Trump’s latest visit with bin Salman brought sweeping defense and investment deals, even as questions over 9/11 and Khashoggi’s murder continue to test that balance. The United States granted Saudi Arabia major non-NATO ally status, formally elevating the kingdom’s defense and intelligence partnership with Washington and clearing the way for expedited arms sales and joint military programs.

Bin Salman also pledged nearly $1 trillion in new Saudi investments across U.S. industries, including infrastructure, artificial intelligence and clean energy. The commitments were announced alongside a Strategic Defense Agreement that includes purchases of F-35 fighter jets, roughly 300 Abrams tanks and new missile defense systems, as well as joint ventures to expand manufacturing inside Saudi Arabia.

Administration officials said the initiatives would create tens of thousands of American jobs and strengthen the U.S. industrial base.

During his appearance with Trump at the White House, reporters shouted questions about Saudi Arabia’s alleged role in the Sept. 11 attacks and the 2018 killing of Khashoggi at the Saudi consulate in Istanbul — marking a rare moment of public pressure on the crown prince, who typically avoids unscripted exchanges with the press.

Trump accused the press of trying to ’embarrass’ his guest, but the crown prince offered what sounded like regret for the killing of Khashoggi, even as he denied involvement.

‘A lot of people didn’t like that gentleman that you’re talking about,’ Trump said. ‘Whether you like him or don’t like him, things happen, but he knew nothing about it … We can leave it at that. You don’t have to embarrass our guest by asking a question like that.’

ABC reporter Mary Bruce had told bin Salman that U.S. intelligence determined he’d signed off on the killing and that 9/11 families were ‘furious’ about his presence in the White House. ‘Why should Americans trust you?’

‘It’s been painful for us in Saudi Arabia,’ bin Salman said of the killing, calling it ‘a huge mistake.’ ‘We’ve improved our system to be sure that nothing happens like that again,’ he added.

A 2021 report by the Office of the Director of National Intelligence stated: ‘We assess that Saudi Arabia’s Crown Prince Mohammed bin Salman approved an operation in Istanbul, Turkey, to capture or kill Saudi journalist Jamal Khashoggi.’ 

Bin Salman has repeatedly denied approving the killing, though he said in 2019, ‘It happened under my watch, I take full responsibility as a leader.’

Sept. 11, 2001

The question of Saudi Arabia’s involvement in the Sept. 11, 2001, terrorist attacks remains one of the most sensitive and unresolved issues in the U.S.-Saudi relationship. While 15 of the 19 hijackers were Saudi nationals, the U.S. government has never concluded that the Saudi state or senior Saudi officials had prior knowledge of or directed the attacks.

Families of 9/11 victims condemned bin Salman after he invoked Osama bin Laden during his White House remarks, saying the al-Qaeda leader used Saudi nationals to drive a wedge between Washington and Riyadh.

‘We have to focus on reality,’ the crown prince said. ‘Reality is that Osama bin Laden used Saudi people in that event for one main purpose: to destroy the American–Saudi relationship. That’s the purpose of 9/11.’

‘The Saudi crown prince invoking Osama bin Laden this afternoon in the White House does not change the fact that a federal judge in New York ruled a few short months ago that Saudi Arabia must stand trial for its role in the 9/11 terrorist attacks that murdered 3,000 of our loved ones,’ said Brett Eagleson, president of 9/11 Justice, a group representing victims’ families.

In August 2025, U.S. District Judge George B. Daniels issued a landmark ruling bringing Saudi Arabia under U.S. federal jurisdiction for a 9/11 trial. The court found evidence of a network of Saudi officials inside the U.S. who allegedly provided logistical support to the hijackers, citing ‘prior planning’ and ‘constant coordination.’ 

Among the materials described in the ruling was a drawing seized from a Saudi government operative showing an airplane with flight-path equations — evidence prosecutors said suggested advance knowledge of the attacks.

Saudi Arabia has denied any role, calling the allegations ‘categorically false.’ 

But for bin Salman, who came to Washington seeking to highlight new security and economic ties, the families’ sharp rebuke was a reminder that the 9/11 case still looms large in the public eye, even as the Trump administration deepens its partnership with Riyadh.

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The FBI came to the conclusion that Butler, Pennsylvania, would-be assassin Thomas Matthew Crooks acted alone — after a massive team doggedly pursued interviews with thousands of foreign and domestic individuals as part of an unprecedented global investigation into the 2024 shooting of President Donald Trump, the bureau told Fox News Digital as part of a lengthy, behind-the-curtain rundown of the probe.

FBI Director Kash Patel, FBI Deputy Director Dan Bongino and a senior official with direct involvement in the Butler, Pennsylvania, investigation sat down for an unprecedented interview with Fox News Digital for more than an hour Thursday afternoon at FBI headquarters.

Patel told Fox News Digital that the investigation was a ‘Day One priority’ for the bureau.

‘Dan and I have been on this since we got here eight months ago. We not only had to maintain the chain of command to President Trump, but we had to remind the world that President Trump was the victim — one of the four victims — on that day,’ Patel said. ‘There are victims’ rights rules that apply to him, and they don’t get erased because he is the president.’

‘We fully briefed the president, as a victim of this case, at the White House, providing him with all of the details of our investigation, and the president was satisfied with the results and where we left it,’ he said.

Patel, Bongino and the senior official, who has requested anonymity due to his sensitive work, shared new details of the monthslong investigation in an effort to provide maximum transparency to the American people amid recent reports that have suggested several theories, which Patel, Bongino and the official debunked.

‘We have reviewed this case over and over — looked into every nugget. We have spoken to the families, the president — there is no cover-up here,’ Bongino told Fox News Digital. ‘There is no motive for it, there is no reason for it.’

Patel referenced former FBI Director Christopher Wray’s testimony to Congress in 2024 as a potential reason for unfounded theories to surface.

‘My predecessor went to Congress and said he didn’t know if it was a bullet that hit President Trump in the head. The whole world knew it was a bullet,’ Patel told Fox News Digital. ‘For the number one law enforcement officer to say that — it causes a massive disbelief in the institution that Dan and I are now running.’

‘But that is the difference between then and now,’ he said.

The case currently sits in a ‘pending, inactive’ status, but the official called the investigation ‘one of the largest mobilizations of FBI resources in history that, frankly, continued to this day.’

‘If we get a credible lead, we’ll continue to investigate,’ the official said. ‘The director has been very clear about leaving no stone left unturned, and that is what we are committed to.’

On July 13, 2024, Crooks, age 20, opened fire at Trump’s campaign rally in Butler, Pennsylvania. The president was shot, with the bullet piercing the upper part of his right ear. 

The president ducked to the ground and was surrounded by Secret Service agents who evacuated him from the scene. 

Three spectators were hit by gunfire, and one person, a firefighter and father, Corey Comperatore was killed.

The FBI took over the investigation hours after the shooting, and began investigating it as an assassination attempt.

‘Four hundred and eighty-five FBI employees have been involved in some way, shape or form in this investigation,’ the official told Fox News Digital.

‘The FBI around the world has conducted more than 1,000 interviews connected to this case,’ the official continued. ‘We’ve reviewed 2,000 tips that were submitted. We’ve served and executed more than 10 search warrants and 100 subpoenas. In that, we specifically analyzed 13 electronic devices that were associated with Crooks and his family members from his home in Bethel Park, Pennsylvania.’ 

The official said the FBI examined ’35 accounts linked to Crooks, including social media, bank and other online accounts.’

‘The FBI has been able to access all of the accounts,’ the official said. ‘There has been reporting to inappropriately and incorrectly state that there was encryption that the FBI was not able to get into — that is not true. We have been able to get into every single account.’

The official said that Crooks maintained foreign-based email accounts from Germany and Belgium.

‘The FBI was able to fully access those accounts within days of the attack,’ the official said. ‘Additionally, the FBI engaged with foreign partners who also provided all of the content of those email accounts.’

‘We can say with confidence that there is no communication, there are no emails that Crooks had that we have not been able to access,’ the official said.

‘The home was completely swept. Every device in the home was collected and accessed fully,’ Patel said. ‘Reports say that we didn’t get into certain devices? That’s false. We got into all of the devices.’

The FBI conducted a manual review of more than 500,000 individual electronic files and ‘engaged with a number of nations around the world to ensure that all leads were covered.’

‘When there was a lead about an overseas connection — the two instances where we became aware of the foreign accounts — the FBI reached out to foreign governments,’ the official explained.

‘Very quickly, they provided the full contents of the accounts,’ the official said, adding that the FBI had deployed ‘such an extraordinary overseas effort that even people not in Crooks’ age range were interviewed and done completely and thoroughly.’

‘There is no foreign connection in this case,’ the official stressed. ‘There is no individual that is outside U.S. borders or inside U.S. borders that had any role in directing him, inspiring him or assisting him in any way — and that includes foreign governments.’

The official added: ‘There is no information, no evidence anywhere in this investigation, that shows there was any foreign individual or foreign government or foreign organization tied to Thomas Crooks.’

‘We would have cracked the biggest investigation in human history — a foreign-directed plot,’ Bongino said. ‘Why would we withhold that? But we can only follow the facts, and they are just not there.’

Reports have surfaced questioning Crooks’ alleged relationship with Antifa-linked individual William Tepes. 

The FBI told Fox News Digital that there was never any direct communication between Crooks and Tepes.

‘Crooks posted on YouTube. Tepes is a Norwegian, nordic resistance member. He simply responded to content Crooks posted,’ Patel said, pointing to a comment Tepes made on a 2020-era video posted on the video-sharing platform by Crooks.

As for his online presence, Bongino said previous FBI leadership initially downplayed his digital footprint.

‘The degree of his digital footprint was not messaged correctly at all by prior leadership,’ Bongino said.

The official told Fox News Digital that Crooks’ online activity largely took place in 2019 and 2020, when Crooks was just 16 years-old — nearly five years before the attack.

‘He called our Republicans and Democrats. He went as far as saying, ‘In my opinion, the only way to fight the government is with terrorism-style attacks.’ I won’t try to get into his brain,’ the official said. ‘But there is a limited record of him making political statements and advocating for political violence in 2019 and 2020.’

The official detailed some of Crooks’ online behavior leading up to the attack, including on July 6, 2024, when he used his email account to register to attend the Butler, Pennsylvania, rally on the Trump campaign website. Crooks also searched ‘how far was Oswald from Kennedy?’

The official also said Crooks searched for what the weather would be in Butler, Pennsylvania, on the day of the attack and where the podium would be, and he looked up directions from his home to the Butler Farm Show grounds and directions from the grounds to the closest hospital.

‘But Crooks left no manifesto. He had no seepage of any kind. He didn’t give any indication anywhere that he was going to do this or why he did this,’ the official said. ‘There are many instances in notable assassinations that they do want folks to know why they did it, but we don’t know that here, because Thomas did not leave any of those artifacts.’

‘The rage, the anger, I totally get it. I’m with you. [Trump] is a friend of ours, he was shot in the head on live television — we want an explanation, too,’ Bongino said. ‘Where is the manifesto? The answer is — it doesn’t exist.’

Reports have suggested Crooks had some interest in the ‘furry’ anthropomorphic community online.

But Patel told Fox News Digital that evidence obtained through the FBI’s investigation revealed ‘no evidence’ of involvement in that community.

‘He went on a website, called Deviant.com, and that website contains pornographic material — animated pornographic material related to the furry community — a whole host of things Americans would never look at,’ Patel said, noting FBI evidence that Crooks displayed an interest in ‘animated female muscle-building erotica.’ 

‘Crooks was on that website and looked at images related to women who work out … a lot. That was his interest, and so we are sharing this with you to show that just because he was on a website that has a voluminous amount of terrible information on it, there is no investigative fact to back up a connection between Thomas Crooks and a portion of the website that had the ‘furry’ on it.’

Patel said questions are also being raised as to why the FBI did not stop the assassination attempt before it happened. 

‘The FBI can only investigate based on a lawful predicate to open,’ Patel said. ‘Does the American public really want the FBI scouring social media and content everywhere without a lawful predicate and trampling over First Amendment rights?’

Patel said that if someone had called in a lead, ‘immediately there would be action.’

‘But no one did that,’ Patel said. ‘No one.’

‘People are asking why we didn’t act on his posts on certain sites. No one in law enforcement knew who he was. No one referred him to law enforcement, and we do not monitor every single American’s use of YouTube and Google and Twitter and Facebook,’ Patel said. ‘Because then people come back and say to us: ‘Why are you on our First Amendment rights?’’

As for the weapon used to shoot the president, Crooks used a 223 rifle. Crooks’ father controlled access to the gun vault and the gun.

The weapon was used to fire eight rounds in the vicinity of the president and the stage. The official told Fox News Digital that there were 22 additional unfired rounds in the weapon and a number of unused magazines that were located in his vehicle on a ballistic vest.

The officials all shot down any theories of a potential second shooter, noting that the individual near the water tower around the site was a Pennsylvania State Police officer.

‘There were no phantom rounds. Every single round was accounted for,’ the official said.

Bongino stressed that ‘it is the FBI’s conclusion that Crooks acted alone.’

‘It is our conclusion, and it is likely, given politically motivated assassination attempts in history,’ Bongino said. ‘These are historical incidents that have already happened — Arthur Bremer; (Squeaky) Fromme; Sara Jane Moore; John Hinkley — those names should all ring a bell.’

He added, ‘We’re not saying Crooks didn’t deal with anyone ever — we are just saying that the people he dealt with had no role in inspiring, motivating or directing this attack.’

Meanwhile, the FBI discovered an undetonated explosive device inside Crooks’ vehicle.

‘The device had a receiver on it which would receive a message from a transmitter in order to detonate,’ the official explained. ‘The receiver was positioned in the off position. Had it been positioned in the on position, and if it activated from the triggering device on the person, our assessment is that it would have activated. But the position was in the off position.’

Patel told Fox News Digital that he ‘recreated what it would have looked like if the explosive device was in the on position.’

‘We walked members of Congress through a visual of what would have happened,’ Patel said. 

‘Because it seems so unlikely you would build a device and forget to turn it on — but he did,’ Bongino said. ‘That’s how it was found. Was it just stupidity?’

As for the crime scene in general, Patel, Bongino and the official explained that the FBI controlled the crime scene from July 14, 2024, at midnight until July 18, 2024. 

‘We do not hold the crime scene forever. We have to give it back — that is standard operating procedure,’ Bongino said.

Crooks’ body was removed from the roof by the Pennsylvania state coroner. In coordination with State Police, the FBI then ‘cleaned the roof with water, as we were going to release the scene.’

‘We had onlookers and souvenir hunters — the FBI is not going to turn over a blood-stained roof. AGR was a functioning business,’ the official said. ‘Our standard operating procedure is to acquire services to clean the roof. The decision was made to do that, but only after all evidence on the roof was collected, including the firearm, shell casings, biological samples left behind, photos, blood.’

The official said an autopsy of Crooks was conducted the next day, and an FBI and Pennsylvania State Trooper sat in on the autopsy.

‘Before the body was released to the family, which is protocol in every crime incident ever, the FBI collected DNA — fingernails, hair samples, and blood from Crooks, that remains in FBI evidence to this day,’ the official said. ‘After those collections were made, our examination of the body was done and completed. At that point, it was turned over to the family for burial and for plans they had.’ 

The official added: ‘They chose to cremate.’

‘The FBI did not make the decision to cremate the body,’ Bongino said. ‘The family did. It was their son. The FBI had nothing to do with this decision at all.’

Meanwhile, Patel addressed criticisms from members of Congress who claim he has not turned over documents pertaining to the probe.

‘Congress is accusing us of not turning over all of this stuff — but all of this stuff doesn’t exist. It is an empty narrative they’re firing into a vacuum,’ Patel said. ‘The very limited information we have not turned over is respective to victims’ rights. There isn’t some trove of documents that we haven’t sent over there.’ 

Patel said the FBI has ‘fully debriefed the lawmakers.’ 

‘We’ve even had members of Congress come to Quantico in our lab facility there and walk them through the exact investigative steps, the video and audio recordings, the repercussions of the explosion that did not occur that day and how that would have impacted the people that were attending the rally, and so they have been given a full inside view of what we did on those days,’ Patel said. ‘We gave them all of the material we are legally able to give them.’ 

He added: ‘They have seen video recordings. We’ve literally shown them and delivered them the audio and video recordings — the totality of what we possess. They have that. They have our investigative information. There is nothing more for us to turn over. We don’t have anything else in our holdings.’

The FBI told Fox News Digital that the bureau has turned in more than 1,375 pages to the Senate Judiciary Committee and the Senate Permanent Select Committee on investigations. Those documents include FBI interviews — or 302s — with U.S. Secret Service and state and local police, state and local lab reports, including ballistics, crime scene photos, videos and more.

The total pages produced to the Senate numbered more than 2,750. 

‘Come put out 3,000 documents to Congress during his tenure. Wray, in his seven or eight years put out 13,000,’ Patel said. ‘We, in eight months, have put out over 40,000 documents to Congress — to include this, Crossfire Hurricane, Arctic Frost and more.’

‘But there are investigations ongoing surrounding that, so we are working with Congress, not only for constitutional oversight and reform in legislation, but we’re working on the accountability piece, and to do that, we have to run our investigations. And we’re not done.’

Attorney General Pam Bondi said in a Friday statement to Fox News Digital, ‘Under Director Patel and Deputy Director Bongino’s leadership, the FBI is doing tremendous work to investigate the horrific attempted assassination of President Trump that resulted in the heartbreaking murder of Corey Comperatore. We will help prevent what happened in Butler from ever happening again.’

The sit-down interview with Fox News Digital lasted for more than an hour, as Patel, Bongino and the senior official sought to provide as much information as possible on the probe and to debunk the recent public criticism they have faced. 

‘We don’t blame people for asking questions,’ Bongino said. ‘The president, the candidate at the time, was shot in the head on live TV. Our position is — please — ask away.’

Bongino added: ‘We are very confident in the outcomes of this investigation. We have pulled on every threat. We are absolutely confident, and if information surfaces, please, immediately get it over to us for instant action.’

‘I would ask the public: What motivation would Kash Patel and Dan Bongino possibly have to hide from their personal friend — not just their boss — the president — information about a crime where he was the victim?’ Bongino asked. ‘I don’t understand what the motivation would be.’

But Bongino quoted a line from the movie ‘A Few Good Men.’

‘No one is interested in guilt or innocence, they’re interested in someone to blame,’ Bongino quoted. ‘The public is pissed off. We get it. We sympathize with you. It couldn’t have just been this guy — it couldn’t have just been this guy — it is. There is no reason I would tell you otherwise.’

‘As to why people keep coming back to this on social media, the reality is, many people make a lot of money on social media pushing conspiracy theories for clicks,’ Patel said. ‘That is a fact.’

As for Trump, he told Fox News’ Brian Kilmeade Friday that he has ‘confidence in Kash, a lot of confidence, and the DOJ, and they are giving me reports, and their reports are seeming to balance out, so I have confidence in these people.’ 

‘I wasn’t confident with Christopher Wray, but this group, it is a different group,’ Trump said. ‘It’s Kash, as opposed to Christopher Wray, and I have confidence in Kash.’ 

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A group of House GOP lawmakers is urging the Trump administration not to give New York City Mayor-elect Zohran Mamdani a federal security clearance.

Rep. Andy Biggs, R-Ariz., is leading seven fellow House Freedom Caucus members in writing a letter to Homeland Security Secretary Kristi Noem, accusing Mamdani of supporting ‘violent movements’ and having ‘radical’ ties that they claim make him unfit for classified federal settings.

‘DHS must deny Zohran Mamdani a security clearance. The federal government has a constitutional duty to defend the nation against threats both foreign and domestic,’ the letter said.

‘Mamdani’s record of radical ties, anti-American rhetoric, and support for violent movements makes him unfit. Granting him access to classified information would be reckless and would endanger NYPD officers and federal agents.’

The letter noted that Mamdani co-founded a chapter of Students for Justice In Palestine at Bowdoin College when he was a student there, and it accused the group of praising Hamas’ Oct. 7, 2023, attack in Israel.

‘He has blamed the FBI for radicalizing al Qaeda terrorist Anwar al-Awlaki, undermining counterterrorism efforts. He has appeared alongside clerics who prayed for the annihilation of Israel’s supporters and praised Hamas fighters,’ the letter said.

The GOP lawmakers said granting Mamdani a security clearance could ’empower agitators, escalate threats, and put more of these brave agents’ lives in danger.’

‘His hostility toward immigration enforcement would make federal coordination unsafe and undermine national security,’ they said.

The mayor of New York City, while not a federal official, does traditionally get a security clearance in order to get briefed on possible terror threats and other national security matters affecting the largest city in the U.S.

The letter comes on the same day that Mamdani is in Washington, D.C., to meet with President Donald Trump, a fellow New Yorker, as an introduction after he won his election earlier this month.

The New York City mayor-elect has sought to moderate his views, at least publicly, since the waning weeks of his campaign.

He has pledged to be a mayor for all residents despite critics raising concerns about his hostile rhetoric toward Israel and lackluster pushback on questions of whether he supports Hamas.

Fox News Digital reached out to both Mamdani’s transition team and the Department of Homeland Security (DHS) for comment.

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Congress is once again on the edge of considering a bone-crushing sanctions package against Russia, but procedural disagreements threaten to derail the process.

Senators Lindsey Graham, R-S.C., and Richard Blumenthal, D-Conn., have been working on a sanctions package that would hit Russia and its energy trade partners where it hurts in a bid to cripple the Kremlin’s war machine.

Movement on their legislation, which has over 80 co-sponsors in the upper chamber, has lurched and stalled over the last several months as President Donald Trump and his administration work to hammer out a peace deal between Russia and Ukraine to see an end to the war.

Now, the president seems ready to get the package through Congress.

Graham said that, over a round of golf last weekend, Trump told Senate Majority Leader John Thune, R-S.D., ‘Move the bill.’

‘I think it’s very important we not screw this up,’ Graham said. ‘If you want [Russian President Vladimir] Putin at the table, there will be no successful 28-point plan or 12-point plan unless Putin believes that we’re going to continue to support Ukraine militarily and that we’re going to come after people who buy cheap Russian oil.

‘It’s important that the Congress pass this bill to give leverage to the president as he tries to negotiate with Putin.’

While the changes to the bill still remain under wraps, a White House official told Fox News Digital that both Congress and the White House are working together to ensure the legislation advances, ‘The President’s foreign policy objectives and authorities.’ 

‘The Constitution vests the president with the authority to conduct diplomacy with foreign nations,’ the official said. The current bipartisan sanctions legislation provides new sanctions authorities for the president to conduct foreign diplomacy.’

And Despite Graham and Blumenthal having worked on the bill together in the Senate for months, Thune believed it may be better if a sanctions package comes from the House.

He said that what is more likely to happen is that the House originates the legislation because it’s a revenue measure, which typically starts in the lower chamber.

‘We had one available to us in the Senate. We could do it here,’ Thune said. ‘But I think, too, if you want to expedite movement in terms of getting it on the president’s desk, it’s probably quicker if it comes out of the House, comes over to us, to take it up and process it on the floor.’

But there may be an issue with the House starting the process.

House Speaker Mike Johnson, R-La., told Fox News Digital that, based on conversations with Thune, he understood that the legislation would originate in the Senate and then be shipped to the House. It was ‘news’ to him when Thune made the case that the House should be at the start of the legislative process.

He warned that, in the House, it would be ‘a much more laborious, lengthy process,’ and that he was of the notion that the Senate would send its bipartisan package to them, which would make it easier to pass.

‘The reason is because it’s a faster track to get it done,’ Johnson said. ‘If it originates in the House, then it goes to seven different committees of jurisdiction, which, as you know, takes a long time to process. And even if I can convince some of the chairmen to waive jurisdiction, not all of them will.’

But there are procedural hurdles that could bog down the process in the Senate, too.

So far, the original version of the bill has sat in the Senate Committee on Banking, Housing and Urban Affairs since April. It would have to be considered in committee, then discharged and then put on the floor — and at any point could be blocked along the way.

Still, there is hope that movement on the bill will come to fruition. And both Graham and Blumenthal have been tweaking the legislation in the background to best meet the White House’s desires.

Blumenthal told Fox News Digital after a recent meeting with Graham that the bill was largely the same but wouldn’t get into specifics on what the changes were.

He noted that Trump’s move to sanction two major Russian oil companies, which took effect Friday, was a good start.

‘I think we’re waiting to finalize the bill and see what the president thinks about it,’ Blumenthal said. ‘And, obviously, he’s imposed sanctions already on India, on two major Russian oil companies, so he’s in the right frame of mind.’

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