Aug 15, 2018

The most-challenged claims in Omarosa's new book

Photo: Justin Sullivan/Getty Images

As Omarosa dominates the news cycle with her bombshell claims and recordings from the heart of the Trump administration, some of the most salacious stories from her new book "Unhinged" have been challenged by those who allegedly witnessed them happen.

Why it matters: Similar to the backlash to the potentially unethical reporting contained in Michael Wolff's "Fire and Fury" earlier this year, the lines between fiction and fact may be similarly blurred in Omarosa's tome.

  • Pollster Frank Luntz said that Omarosa's hearsay claim that he had heard Trump say the N-word "is...flat-out false" and wasn't verified.
  • Trumpworld foe Michael Cohen said Trump did not take a note from him and eat it while talking in the Oval Office, as Omarosa claims.
  • Omarosa alleged that Education Secretary Betsy DeVos said that students at a historically black college that booed her last year didn't have the "capacity to understand" what the administration is trying to accomplish, per Politico. A source that was in the room told Axios' Jonathan Swan that Omarosa's claim is false.
  • There is no tanning bed in the White House, aides told the Washington Post, despite Omarosa's statement that it was installed at Trump's request.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.