The Dictatorship
The Comey indictment is just one way the DOJ is being newly weaponized
For months, legal circles have been abuzz with rumors that the Justice Department, undeterred by the dismissal of its first case against former FBI Director James Comey and its inability to secure a second indictment on the same allegations, would indict Comey again for other reasons.
On Tuesday, those rumors became reality when the DOJ indicted Comey in the Eastern District of North Carolina because of his May 2025 social media post of a picture of seashells arranged to read “86 47.” For that, the DOJ has indicted Comey for threatening the life of a president and further, for making a threat to injure another person — also the president — via “interstate communications.” Each count is punishable by a sizable fine, no more than five years in prison or both.
While some interpreted that the “86” meant to eliminate or kill, others maintained it simply meant to remove or cancel. Comey has claimed he viewed the shells that he came upon during a beach walk as a “political message,” and that he opposes violence of any kind.
Despite Trump’s longstanding fixation on Comey, which the former FBI director proved to a federal court through a nearly 60-page chart documenting Trump’s social media posts about him, the newest efforts to punish Comey should not be viewed in isolation.
Consider other DOJ developments within the last 24 hours:
- Late Monday night, in a filing that read like a Trump-written social media screed, not a legal argument, the DOJ demanded that the federal judge overseeing the White House ballroom case reverse a ruling blocking above-ground construction on the ballroom. The DOJ filing was both curious and unnecessary because a federal appeals court has stayed that ruling for at least several weeks, meaning construction can resume as the appeal continues. Nonetheless, the DOJ filing — rife with capitalized words, exclamation points, political epithets and unsupported factual assertions — not only suggested Trump cannot continue construction, but framed the ballroom project as “vital to our National Security, and the Safety of all Presidents of the United States, both current and future, their families, staff, and cabinet members.”
- Then, early Tuesday, multiple media outlets reported that the FBI and the DOJ executed search warrants on 20-plus businesses in Minneapolis as part of a wide-reaching federal fraud investigation into the use of federal social services funds. Trump himself has not only commented on that investigation, a departure from usual presidential protocol, but he has also publicly accused several of the state’s top Democratic officials — Gov. Tim Walz, Attorney General Keith Ellison and Rep. Ilhan Omar — all of whom have been his political foils, if not his electoral opponents, of being “complicit” in that fraud.
- Later, in Maryland federal court, the DOJ indicted a former senior aide to the former National Institute of Allergies and Infectious Diseases head, Dr. Anthony Fauci. There, the government alleged not only that David M. Morens destroyed and/or evaded creating government records by using personal emails, but also that he conspired with Chinese researchers to counter the emerging thesis that Covid-19 was unleashed through a lab leak, thereby limiting the information available to decision-makers, including Trump. In a press release announcing the chargesacting Attorney General Todd Blanche alleged that the aide “deliberately concealed information and falsified records in an effort to suppress alternative theories regarding the origins of COVID-19” before giving a hint about what has really undergirded the case: His belief that NIH officials were obligated to “provide honest, well-ground facts and advice,” not “advance their own personal or ideological agendas.”
And finally, on Tuesday afternoon, the DOJ unsealed the bare-bones, three-page Comey indictment.
Collectively, these developments highlight that there is a new sheriff in town. And indeed,Blanchewho appears to be publicly auditioning to become Trump’s permanent attorney general, has advanced investigations and cases against the president’s enemies and detractors as rapidly as he has aggressively.
In particular, the federal statute that criminalizes threats against the president is not a judicially blank slate; rather, it was interpreted by the Supreme Court in 1969, when it reversed the conviction of an antiwar protester who said if he were forced to carry a rifle as an enlisted man, “the first man I want to get in my sights is L.B.J.”
There, the court noted that to sustain a conviction under that statute, the DOJ has to prove “a true ‘threat,”’ as distinguished from the “vehement, caustic, and sometimes unpleasantly sharp attacks on government and public officials” that are sometimes part of our political discourse. To the court, the protester’s statements were not a real threat, but a “crude [and] offensive method of stating a political opposition to the President.”
Against that backdrop, the new indictment against Comey hardly seems to be a slam dunk for the DOJ — or Blanche.
But if the process itself is the punishment, and the thing the man Blanche has described as the DOJ’s “boss” craves, Blanche achieved multiple wins — and not just a new Comey indictment — on a random Tuesday in April.
And days like this might be enough to keep him at the attorney general’s desk.
Lisa Rubin is MS NOW’s senior legal reporter and a former litigator.
The Dictatorship
Oil prices jump and shares are mixed in Asia
NEW YORK (AP) — Oil prices rose, and stock markets dropped in shaky trading worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran.
The S&P 500 fell as much as 1.1% after Trump said the ceasefire agreement was “over,” but the index then trimmed its loss to 0.3% after Trump said recent fighting did not mean a return to full-scale war. They’re his latest mixed messages on what will happen with the war, which threatens to worsen inflation for the world.
The Dow Jones Industrial Average dropped 576 points, or 1.1%, while the Nasdaq composite rose 0.2% after erasing an early loss.
The action was stronger in the oil market, where the price for a barrel of Brent crude climbed 5.2% to $78.02 and briefly topped $80.
That’s still below its peak from earlier in the war, when the price for the most actively traded contract reached nearly $120. But the jump is unsettling because oil prices had just dropped back to where they were before the war.
The worry is that a continuation of the war will block the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide. That could worsen inflationwhich economists expected would ease with oil prices, and in turn force the Federal Reserve and other central banks to raise interest rates.
Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.
On Wall Street, stocks of companies in the housing industry helped lead the way lower. They were hurt by worries that rising Treasury yields in the bond market will mean higher rates for mortgages and chill the industry.
Builders FirstSource, which sells countertops, windows and other building supplies, fell 5.4%. Homebuilders PulteGroup fell 5.4%, and D.R. Horton sank 4.6%.
Companies with big fuel bills also sank. American Airlines lost 4%, and cruise operator Carnival fell 3.9%.
Helping to offset those losses was a steadying for some influential stocks in the artificial-intelligence industry. They’ve been under pressure in recent weeks on worries that their prices shot too high and that AI may not produce enough productivity and profits to make all the investments in chips and data centers worth it.
Their swings carry a lot of weight on Wall Street because AI stocks have grown into some of the U.S. market’s biggest, giving their movements more effect on the S&P 500 than other stocks.
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Nvidia rose 3.7%, for example, and was the strongest force pushing upward on the S&P 500 because it’s the largest stock on Wall Street.
Close behind was Broadcom, which climbed 4.8% after Apple announced a multiyear commitment where Broadcom will design and produce custom components for its products. Apple said the agreement’s value could top $30 billion.
All told, the S&P 500 fell 21.14 points to 7,482.71. The Dow Jones Industrial Average dropped 576.76 to 52,348.39, and the Nasdaq composite rose 51.96 to 25,870.65.
In the bond market, Treasury yields rose with the price of oil. The yield on the 10-year Treasury briefly got near 4.60% before pulling back to 4.57%. That’s up from 4.55% late Tuesday and from just 3.97% before the war with Iran began.
In stock markets abroad, European markets turned sharply lower after Trump said, “For me, I think it’s over” about the status of the ceasefire. He added that U.S. representatives can continue negotiations, “but I think they’re wasting their time.” Germany’s DAX lost 2.2%, and France’s CAC 40 sank 2.2%.
In Asia, South Korea’s Kospi dropped 5.3% and continued its sharp swings amid seesawing worries and euphoria about the AI stocks that dominate its market.
Hong Kong’s Hang Seng index was an outlier and rose 3%. Shares that trade there of Chinese AI startup Zhipu, known also as Z.ai and traded as Knowledge Atlas Technology, jumped 13.4%.
A six-month lock-up period for “cornerstone” investors following its January trading debut in Hong Kong expires this week. China National Radio reported late Tuesday that nearly 70% of Zhipu’s cornerstone investors are committed to stay on, despite previous worries that the lock-up period expiration could trigger a sell-off.
Zhipu’s share price has risen more than 1,300% since its debut.
___
AP Business Writers Matt Ott, Chan Ho-him and Elaine Kurtenbach contributed to this report.
The Dictatorship
‘I think it’s over’: Trump puts future of Iran ceasefire in doubt amid new strikes
In the three weeks since Donald Trump declared that a “deal” between the United States and Iran was “complete,” the president and his team have been dogged by a series of difficult questions. Why does Iran have to make so few concessions under the memorandum of understanding? Why have prominent members of both parties slammed the agreement as inadequate? Why is Trump’s deal so much worse than the Obama-era Iran deal?
Now, however, the world is confronting a qualitatively different kind of question: Does Trump’s deal still exist?
On Tuesday, U.S. Central Command announced a new round of strikes against Iran, following reports of attacks on merchant ships in the Strait of Hormuz. The Trump administration simultaneously said it was reinstating sanctions on Tehran, which had been eased as part of last month’s MOU.
Soon after, Iran’s military said it had fired missiles and drones targeting U.S. military installations in Bahrain and Kuwait in retaliation for the strikes confirmed by CENTCOM hours earlier.
As for the tenuous ceasefire and peace process, it’s increasingly difficult to be optimistic. Speaking to reporters on Wednesday from the NATO summit in Turkey, Trump called Iranians “scum” and “evil people.” He added, “Frankly, we’ve wasted a lot of time with them. I think we should just do our business.”
The Republican didn’t elaborate as to what that “business” entails, but in context, he appeared to be referring to additional military strikes.
And then he kept going.
Asked specifically whether the ceasefire is over and the peace framework is dead, the American president told reporters, “To me, I think it’s over. I don’t want to deal with them anymore. They’re scum. … They’re led by sick people, and they’re vicious, violent people. … As far as I’m concerned, it’s over. … As far as I’m concerned, it’s just a waste of time dealing with them. … They’re liars. … There’s something wrong with them. They’re cuckoo.”
Right on cue, oil prices jumped and stock market indexes started falling. There’s no great mystery as to why: If the ceasefire is over and the peace framework is dead, then we’re right back to where we were when the hot war was still underway.
The trouble, however, is that Trump is erratic and easily confused. It’s effectively impossible to know whether he’ll take the opposite position at any given moment, opening the door to new diplomatic talks or making matters vastly worse.
Either way, the truce appears to be unraveling.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
The Dictatorship
Wednesday’s Campaign Round-Up, 7.8.26: Maine’s Platner scraps fundraisers, ads
Today’s installment of campaign-related news items from across the country.
* Graham Platner’s Senate candidacy isn’t officially over yet, but as the Maine Democrat hemorrhages supporthis campaign has canceled fundraising events and scheduled ad buys. What’s more, Platner’s team acknowledged Tuesday that it had reached out to the Maine Democratic Party to discuss the process for possibly replacing him on the ballot.
That process, should it proceed, will apparently not be smooth: State party Executive Director Devon Murphy-Anderson accused members of Platner’s team late Tuesday of “trying to put their thumb on the scale” of the process to find his replacement, even though the scandal-plagued candidate has yet to withdraw.
The Maine Democratic Party chief added that Platner would have “no role” in the selection process.
In the meantime, as the candidate faces new allegations of sexual misconduct, Platner’s would-be Democratic successors are taking unsubtle steps to make clear they’re interested in getting the nod for the general election race against incumbent Republican Sen. Susan Collins.
As for what to expect if Platner exits, Axios reported that Republicans “are preparing to welcome a potential Graham Platner replacement in Maine’s Senate race with $8 million in negative ads, aiming to introduce a new Democratic nominee to voters on their own terms before Democrats can.”
* It’s too late for Maryland to redraw its district map ahead of the midterms, but the Democratic-led legislature is moving forward with plans for a special legislative session next month to overhaul its congressional districts ahead of the 2028 election cycle.
* In Colorado’s Republican gubernatorial primaryVictor Marx, a controversial religious nonprofit leader, is ahead of state Sen. Barb Kirkmeyer by roughly 2,000 votes in the latest tallies, but it might be a while before the race is officially called.
* Republican Rep. Cory Mills of Florida has faced a great many scandals of late, but last week, one of his primary rivals filed a formal legal complaint alleging that Mills improperly notarized his candidate documents, making him ineligible for the ballot. (Mills did not respond to MS NOW’s request for comment about the allegations.)
* As if Texas Attorney General Ken Paxton didn’t have enough troublesthe Republican Senate candidate is now facing mockery after spending July Fourth in Europe with a woman who is not his estranged wife.
* And a year after congressional Republicans passed their domestic policy megabill to significant partisan fanfare, it’s Democrats who are eager to tell voters about the regressive package ahead of November’s elections.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
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