Trump Media defends paid access to Truth Social while markets digest converging trade shocks and Treasury strategy.
Published
President Donald Trump is set to unveil what his administration calls "economic D-Day" sanctions against Iran, with Americans bracing for potential impacts on oil and gas prices amid an intensifying trade war with Canada. NBC News reports the sanctions announcement comes as fallout from the administration's escalating dispute with Ottawa grows.
The trade tensions sent the Canadian dollar sliding as Ottawa and Washington head toward an all-out trade war. ING strategists noted that "as a smaller, more open economy, Canada has more to lose from this," per CNBC. The collapse of Canada trade talks sparked a rally in U.S. steel stocks, with Nucor and Steel Dynamics gaining ground on Yahoo Finance reporting.
Meanwhile, bond yields are drawing scrutiny as the cycle high in real yields restrains economic growth and equity valuations, according to CNBC analysis. Treasury Secretary Bessent may tap the near $1 trillion Treasury General Account to fund bond buybacks, sources told CNBC, which would provide considerable firepower to influence long-term yields.
Trump Media interim CEO Kevin McGurn defended the company's offering of faster access to President Trump's Truth Social posts, stating more users have signed up for the premium tier.
Sources: 1. CNBC: Trump Media CEO defends selling faster access to president's Truth Social posts, says more have signed up — https://www.cnbc.com/2026/08/24/trump-media-ceo-truth-api.html (src1) 2.