Michael Wolff's new book, "Fire and Fury Inside the Trump White House" was released today, well ahead of schedule. News and energy around the book are high, especially for a non-fiction book. While the book focuses on Trump and how he runs his White House, some argue that the biggest losers from the book may be former White House adviser Steve Bannon.
Kurt Bardella is an opinion contributor at USA Today. The former Breitbart News contributor has since left the publication and also the Republican party. Bardella joins Cheddar to explain why this book could mean the end of many aspects of Bannon's career. Since excerpts have been released, Bannon and Trump have had a public falling out, the Mercer family has seemingly written him off, and his position at Breitbart is in jeopardy.
Bardella notes that Trump also has a lot to lose from the book. Some of the more shocking accusations and tidbits revolve around the President's mental health. Bardella believes its a matter of time before those allegations are looked at more seriously.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
