THE BIG PICTURE

Trump spent the holiday weekend posting over 100 times on Truth Social — including the above doctored, racist AI photo of the Obamas.
Meanwhile, the National Guard troops he deployed to Memphis killed a man, and the Michigan Senate race had a major shakeup overnight that may send another Democratic Socialist to Washington.
If you're not a paid subscriber, you missed a wild 48 hours: a white supremacist march on the Capitol that Trump still won't comment on, his own $250M party getting evacuated by a storm, and Mamdani giving the most powerful speech about America we’ve heard in a generation.
Paid subscribers got the full breakdown of this weekend's chaos yesterday — catch up here and never miss it again.
Here’s what’s happened since then.
KEY DEVELOPMENTS
1. National Guard soldiers deployed by Trump fatally shoot 20-year-old in Memphis
Two Tennessee National Guard members assigned to Trump's Memphis crime task force fatally shot 20-year-old Tyrin Johnson early Sunday morning during a foot pursuit downtown.
Authorities say Johnson turned toward soldiers with a weapon, But at this point we feel we cannot believe what law enforcement says on matters such as this. We will withhold judgement until we hear or see more.
His grandfather — who said Johnson was a father and a Tennessee State University student — told reporters he was "preparing to help lead the family construction business" and that "he still had so much life ahead of him."
Federal troops have patrolled Memphis since October over the explicit objections of the city's Democratic mayor. This is at least the fourth officer-involved shooting tied to the task force. Trump deployed the troops as a political stunt targeting "Democrat-run cities" — and now a 20-year-old with a handful of traffic violations is dead, and his son is without a father.
2. Trump posts doctored photo of the Obamas boarding graffiti-covered Air Force One
Trump spent his July 4th Sunday posting a falsified image of Barack and Michelle Obama boarding a graffiti-tagged Air Force One — complete with "BLM," "Yes We Can," and Arabic text spray-painted on the plane's hull.
The graffiti framing isn't random. It's a coded racist trope linking Black people to crime and urban decay, and Trump knows exactly what he's doing — this is the same president who posted a photo of the Obamas as primates in February, during Black History Month. That one got deleted after bipartisan blowback. A staffer took the blame. Trump never apologized.
This time, the timing is extra rich: the post came days after Trump debuted his new Air Force One — a $400 million Boeing 747 gifted by Qatar — repainted in his personal navy, red, and gold color scheme. He says he’ll be keeping the plane when he leaves office.
The White House didn't respond to requests for comment. Neither did a spokesperson for the Obamas.
3. The Michigan Senate race is now establishment vs. the left
Mallory McMorrow suspended her Michigan Senate campaign, and the Democratic primary is now a two-person fight between Abdul El-Sayed and Haley Stevens — progressive vs. establishment, no more cushion in the middle.
El-Sayed, a Medicare for All supporter who would be the first Muslim U.S. senator, leads in recent polls and has endorsements from Bernie Sanders and Alexandria Ocasio-Cortez. Stevens has Chuck Schumer, and Super PACs — including AIPAC — have dumped more than $16 million into her campaign specifically because El-Sayed refused to say Israel has a right to exist as a Jewish state.
McMorrow's numbers cratered after she compared leftwing streamer Hasan Piker to white nationalist Nick Fuentes — a line of attack that didn't land with Democratic primary voters. El-Sayed thanked her supporters and called out "party insiders" for "bullying anyone who opposes their chosen candidate."
The August primary will test whether the donor class can still buy a Senate seat in a state that keeps picking the left.
El-Sayed has led the last seven publicly released polls of the August 4 primary against establishment pick Rep. Haley Stevens, and he is not being modest about his chances against Republican Mike Rogers.
"He generally has the charisma of a doorknob," El-Sayed told HuffPost.
Rep. Ro Khanna put it clean while campaigning for El-Sayed: "The last people who have any right to lecture us about electability are the establishment who lost to Donald Trump twice."
Michigan's Senate seat has been Democratic since 1978. El-Sayed intends to keep it that way — and make Rogers' golf buddies in Florida remember his name.
4. Trump's memecoin made him $636 million. It lost his fans $3.8 billion.
Nearly a million investors in Donald Trump's $TRUMP memecoin have lost a combined $3.8 billion on their investments — while Trump personally pocketed $636 million, profiting whether the coin went up or down.
The coin has plunged 97 percent from its January peak of $75.35, now trading at $1.76. One investor, Nicholas Pinto, lost $250,000 — half of what he put in — and called it "almost a legal scam."
Meanwhile, Trump is simultaneously rolling back federal crypto oversight and easing tax reporting requirements for the industry. Rep. Al Green said the quiet part out loud at a June congressional hearing: "We have legalized a Ponzi scheme known as a memecoin... and the president of the United States of America is engaged in this activity."
The president's total new income from all his businesses hit $2.2 billion in 2025. His fans are still waiting on their winnings.
The Polls Got 2024 Wrong. This Doesn't.
Pundits predicted. Polls projected. Most of them missed. Prediction markets didn't.
Kalshi is where people put real money behind their political read — which means the prices you see on who wins the 2028 nomination aren't opinions. They're commitments. Right now, tens of millions of dollars are already trading on who gets the Republican and Democratic nominations.
That's a different signal than any poll you'll read this week.
Trade what you actually believe. Get $10 free to start.
Trade responsibly.
KEPT OUT OF YOUR FEED
What the algorithm buried:
Trump personally called FIFA to get a red card overturned — and it worked
Mamdani’s wife Rama Duwaji reportedly left the U.S. on the 4th of July weekend for a spiritual retreat -- we say good for her
Mike Johnson is panicking about how many Mamdanis are "popping up" across the country
The DSA has officially surpassed 120,000 paying members, making it the largest Socialist organization in American history
Trump got caught misquoting the Declaration of Independence in a speech about why socialism is bad
Under a Socialist mayor, New York City has again reported its fewest shootings and murders in its recorded history
The White House just called Smithsonian historians too radical to tell America's story — and Trump may be installing his own team to rewrite it
Trump claimed 422,000 people showed up to hear him speak — here's what the empty seats looked like
The crowds were "massive" — here's what the footage actually showed
Gaza's musicians are giving lessons again — in tents on the beach, because Israel bombed the building.
MAGA fans are fuming after Trump's big July 4th party ended on July 5th
Doug Burgum absolutely lost it on live TV when asked about the dead ducklings floating in Trump's $16 million Reflecting Pool "renovation"
NOTICE POLLING
On Friday we asked, Will Trump face consequences when Democrats take over?
88% OF YOU SAID YES:
“He had better, or there will be another American Revolution! 😉❤️🧜🏼♀️”
- leoandscorpio
“Impeached, in prison, then in hell is his journey to be.”
- vikingschmitzds
“I'm torn on this one. yes he will face consequences IF (big huge if) the old ensconced timers will jump on the wagon…. I'm just being pessimistic about them because as much as I'd love to say an outright yes, trump will answer for his crimes, the dems have held all the cards before and did nothing. They didn't expand the court, they didn't hold him accountable at all for the crimes he committed in his first term (thus giving SCOTUS the time they needed to give the felon full immunity), they did nothing to push legislation FOR the people forward for a democratic president to sign. Instead, they played "nice" and let the republicans run over them. I don't think the old timers have the guts to move forward with consequences for the current administration. I sure hope I'm wrong.”
- twoasps
“He should, but he never has before, at least any consequences that really punish him. He's a slippery slug and gets away with everything.”
- annaflorin99
“Trump NEVER faces consequences and at this point I don't care - I just want him to go away.”
- carol.a.jones
“HOPE THEY DRAG HIS ORANGE ASS OUT AND HANG HIM ON HIS FLAG POLE AND THE EACH AND EVERYONE OF HIS CLOWN CABINET AND OF COURSE LITTLE JOHNSON RIGHT BEHIND HIM ”
- hudson186
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