Episode
Wednesday, August 19th, 2026 - The Trumps Got a Crypto Bank, Meta Trial Starts, Hegseth 2028?
- Podcast
- Morning Announcements
- Published
- Aug 19, 2026
- Duration seconds
- 590
- Processing state
not_requested
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Summary
Today's Headlines: The Trump family received a conditional bank charter for their crypto firm World Liberty Financial — co-run by Eric Trump and Steve Witkoff's son — allowing them to issue their own stablecoins, which means more money for them and more risk in the financial system. Meanwhile, Disney and ABC are suing the FCC for retaliating against them politically by reviewing their broadcast licenses two years early over Jimmy Kimmel, The View, and DEI — citing Trump's own Truth Social posts. In other news, Meta's jury trial started in California with four states seeking billions in damages and platform reforms, alleging the company deliberately designed addictive features for children, studied how to maximize that addiction, and collected data on under-13s without parental consent while hiding all of it — with 25 more states going to trial later. A DOJ whistleblower filed a complaint alleging the Ivy League antisemitism task force pressured universities into settlements with little to no evidence, calling the investigations "predetermined" political PR stunts designed to suspend federal funding — with career attorneys overruled when they objected. Pete Hegseth flew to Iowa on a taxpayer-funded military aircraft in his "personal capacity" to explore a 2028 presidential run while sailors on the USS Abraham Lincoln are still stranded at sea, ships are being attacked in the Strait of Hormuz, and at least one sailor was killed near Oman. Trump is also pushing aides to arrange a Kim Jong Un meeting this fall, apparently believing he can convince North Korea to give up a nuclear program they've been building since the 1990s, while simultaneously saying the Strait of Hormuz is under control as two more ships were attacked. In more food recall news, Outshine fruit bar…