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Trump Media's fusion fizzles
- DJT shares headed toward an all-time low Friday despite its pending merger with nuclear-fusion developer TAE.
- TAE shareholders would receive Trump Media stock, leaving them exposed to the declining share price.
- Billions in Trump's paper wealth have evaporated since the company went public.
DJT Stock
INFLATION WON'T LEAVE
- September CPI rose 0.6%; annual inflation hit 3.7% versus 3.6% expected.
- Core prices rose 0.3% versus 0.2% expected; annual core inflation reached 2.6%.
- Producer prices jumped 1.3%, the biggest increase since March 2022; up 6.3% annually.
- Wholesale goods prices rose 2.6%; services increased 0.8%.
TWO TRILLION SHORT
- Fiscal 2026 deficit reached $1.992 trillion, up $217 billion; third-largest on record.