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Former Secretary of State Mike Pompeo excoriated President Biden for his handling of the spy balloon issue on Monday, telling The Hill in an exclusive interview that the current administration “made an enormous mistake” that caused “global shame.”

Pompeo also strongly denied that he or any member of former President Trump’s administration, to the best of his knowledge, was aware of spy balloons entering U.S. airspace during their time in power.

Pompeo’s harshest criticism was reserved for the Biden administration’s actions in relation to the first of four devices that have been shot down since Feb. 4. That device is the only one so far confirmed as a Chinese spy balloon.

A U.S. jet took down the balloon, estimated at the size of about three buses, off the coast of South Carolina after it had traversed the United States for several days.

The delay infuriated Pompeo. 

“I don’t know what it collected…I don’t know what signals intelligence it may have had. I don’t know what imagery it may have been able to garner,” he said in an on-camera interview with The Hill promoting his memoir, “Never Give an Inch.”

“The whole world saw a slow-moving balloon transiting Montana, Kansas, South Carolina — and the United States of America did nothing,” he added.

This lack of action delivered “an enormous geopolitical advantage” for China, Pompeo contended. “I can’t imagine that the risk of some falling debris over a place like Montana exceeded the risk of global shame.”

At a Feb. 4 Pentagon briefing, an unnamed senior Defense official said that Chinese spy balloons had “transited the continental United States briefly at least three times during the prior administration.” The implication appeared to be that those who served Trump had done nothing.

It now appears that there was in fact no contemporaneous awareness and that the flights — if they happened at all — were discovered only in retrospect.

In the latest twist, the National Security Council’s John Kirby claimed during Monday’s White House media briefing that the Trump administration had failed to “detect” the Chinese spy balloon program.

“We detected it. We tracked it,” Kirby said.

Kirby’s remarks came a few hours after Pompeo spoke with The Hill. But the former secretary of State, who holds a dim view of a Washington media that he believes skews liberal, is rankled by reporting on the topic.

“You’re bringing it up too, and this is exactly what the Biden administration wants you talking about: ‘Look over here. See this shiny object. Trump, Trump, Trump.’ Right? This wasn’t remotely the same thing. … As best as I can tell, no one was aware. And this is fundamentally different from what has transpired over the past two weeks,” he said.

Pompeo served as CIA director from the earliest days of the Trump administration until April 2018. He then replaced Rex Tillerson as secretary of State, where he remained for the rest of Trump’s term. Pompeo is the only person in history to have served in both offices.

“Never Give an Inch” mounts a pugilistic defense of the Trump administration’s foreign policy. Pompeo argues in essence that a nationalistic “America First” agenda served as a deterrent to adversaries including China, a source of reassurance to allies such as Israel and an affirmation of American power.

Pompeo also portrays himself and his boss as battling against entrenched interests in government, at the State Department and within a Beltway establishment.

Pompeo does not himself use the term “deep state,” but what he describes is similar in concept.

“Call it what you will,” Pompeo told The Hill. “The State Department is a blob. It’s the Washington establishment. It is a drag on change.”

“I lived it,” he continues. “They were leaking memos on me before they got to my desk. They were undermining direct orders that I had provided to them.”

Pompeo, two years out of power, is back in the news as speculation builds that he could join the 2024 presidential race.

He is open about the fact that he is considering such a move, mulling it with his wife, Susan. But he insists no decision has been made.

If he goes forward, he added, “We’ll go make arguments. It’s not about tweets. It’s not about noise. It’s not about ‘owning the libs.’ It’s about presenting a rational argument about how to get our government to function.”

Pompeo’s book is almost entirely complimentary of Trump, which begs the question as to how he would distinguish himself from the 45th president, who has already declared his 2024 candidacy.

“I approached my public service in a way that’s different from his. I try my best to use language that reflects the greatness of our country,” he told The Hill. “I think that’s important.”

He also notes in passing that the Trump administration “spent an awful lot of money. We’re now $31 trillion in debt.”

But his criticisms of Trump remain mild. And the most heated moments of his interview with The Hill concerned the near-total absence of any mention of the Capitol insurrection in his book’s 400-plus pages.

If Pompeo is largely loyal toward Trump, he is far more critical of former United Nations Ambassador Nikki Haley. Haley is all but certain to announce her presidential candidacy at an event in Charleston, S.C., on Wednesday.

Pompeo claims in his book that Haley was at one point seeking to displace then-Vice President Mike Pence — a claim Haley has called “lies and gossip.” 

Pompeo also resents Haley’s relatively speedy departure from the job to which Trump had nominated her. She announced her intention to resign in October 2018, less than halfway into Trump’s term.

“Some came in, punched their ticket and went on. And for those who made that decision, I just don’t have any time,” Pompeo told The Hill. “I don’t understand how someone who believes that they have this incredible opportunity, in an important role, says, ‘No, thanks. I don’t want to do that anymore.’”

Pompeo has a sizable mountain to climb if he enters the presidential race. He is for the moment an also-ran in polls of a hypothetical GOP field that is led by Trump and Florida Gov. Ron DeSantis. Idris Elba rules himself out as James Bond: ‘I’m not going to be that guy’ US warns it will defend Philippines after China laser report

Asked whether it sounds like he is leaning toward a run, Pompeo demurred.

“No, there’s no lean. I don’t mean that to be clever. It’s kind of binary. It’s a zero or one,” he said.

“Never Give an Inch” by Mike Pompeo is out now, published by Broadside Books, an imprint of HarperCollins.

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Technology

Silicon Valley’s early return on Trump investment: Plunging valuations, delayed IPOs

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Silicon Valley's early return on Trump investment: Plunging valuations, delayed IPOs

The Nasdaq MarketSite in New York, June 9, 2023.

Michael Nagle | Bloomberg | Getty Images

Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least.

Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered steep consecutive daily drops to finish 10% lower for the week, the index’s worst performance since the beginning of the Covid pandemic in 2020.

The tech industry’s leading CEO’s rushed to contribute to Trump’s inauguration in January and paraded to Washington, D.C., for the event. Since then, it’s been a slog.

The market can always turn around, but economists and investors aren’t optimistic, and concerns are building of a potential recession. The seven most valuable U.S. tech companies lost a combined $1.8 trillion in market cap in two days.

Apple slid 14% for the week, its biggest drop in more than five years. Tesla, led by top Trump adviser Elon Musk, plunged 9.2% and is now down more than 40% for the year. Musk contributed close to $300 million to help propel Trump back to the White House.

Nvidia, Meta and Amazon all suffered double-digit drops for the week. For Amazon, a ninth straight weekly decline marks its longest such losing streak since 2008.

With Wall Street selling out of risky assets on concern that widespread tariff hikes will punish the U.S. and global economy, the fallout has drifted down to the IPO market. Online lender Klarna and ticketing marketplace StubHub delayed their IPOs due to market turbulence, just weeks after filing with the Securities and Exchange Commission, and fintech company Chime is also reportedly delaying its listing.

CoreWeave, a provider of artificial intelligence infrastructure, last week became the first venture-backed company to raise more than $1 billion in a U.S. IPO since 2021. But the company slashed its offering, and trading has been very volatile in its opening days on the market. The stock plunged 12% on Friday, leaving it 17% above its offer price but below the bottom of its initial range.

“You couldn’t create a worse market and macro environment to go public,” said Phil Haslett, co-founder of EquityZen, a platform for investing in private companies. “Way too much turbulence. All flights are grounded until further notice.”

CoreWeave investor Mark Klein of SuRo Capital previously told CNBC that the company could be the first in an “IPO parade.” Now he’s backtracking.

“It appears that the IPO parade has been temporarily halted,” Klein told CNBC by email on Friday. “The current tariff situation has prompted these companies to pause and assess its impact.”

Tech will see an 'economic armageddon' if these tariffs stay, says Wedbush's Dan Ives

‘Cave rapidly’

During last year’s presidential campaign, prominent venture capitalists like Marc Andreessen backed Trump, expecting that his administration would usher in a boom and eliminate some of the hurdles to startup growth set up by the Biden administration. Andreessen and his partner, Ben Horowitz, said in July that their financial support of the Trump campaign was due to what they called a better “little tech agenda.”

A spokesperson for Andreessen Horowitz declined to comment.

Some techies who supported Trump in the campaign have taken to social media to defend their positions.

Venture capitalist Keith Rabois, a managing director at Khosla Ventures, posted on X on Thursday that “Trump Derangement Syndrome has morphed into Tariff Derangement Syndrome.” He said tariffs aren’t inflationary, are effective at reducing fentanyl imports, and he expects that “most other countries will cave and cave rapidly.”

That was before China’s Finance Ministry said on Friday that it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.

At Sequoia Capital, which is the biggest investor in Klarna, outspoken Trump supporter Shaun Maguire, wrote on X, “The first long-term thinking President of my lifetime,” and said in a separate post that, “The price of stocks says almost nothing about the long term health of an economy.”

However, Allianz Chief Economic Advisor Mohamed El-Erian warned on Friday that Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession.

“You’ve had a major repricing of growth prospects, with a recession in the U.S. going up to 50% probability, you’ve seen an increase in inflation expectations, up to 3.5%,” he told CNBC’s Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, Italy.

Former Microsoft CEOs Bill Gates, left, and Steve Ballmer, center, pose for photos with CEO Satya Nadella during an event celebrating the 50th Anniversary of Microsoft on April 4, 2025 in Redmond, Washington. 

Stephen Brashear | Getty Images

Meanwhile, executives at tech’s megacap companies were largely silent this week, and their public relations representatives declined to provide comments about their thinking.

Microsoft CEO Satya Nadella was in the awkward position on Friday of celebrating his company’s 50th anniversary at corporate headquarters in Redmond, Washington. Alongside Microsoft’s prior two CEOs, Bill Gates and Steve Ballmer, Nadella sat down with CNBC’s Andrew Ross Sorkin for a televised interview that was planned well before Trump’s tariff announcement.

When asked about the tariffs at the top of the interview, Nadella effectively dodged the question and avoided expressing his views about whether the new policies will hamper Microsoft’s business.

Ballmer, who was succeeded by Nadella in 2014, acknowledged to Sorkin that “disruption is very hard on people” and that, “as a Microsoft shareholder, this kind of thing is not good.” Ballmer and Gates are two of the 12 wealthiest people in the world thanks to their Microsoft fortunes.

C-suites may not be able to stay quiet for long, especially if the recent turmoil spills into next week.

Lise Buyer, who previously helped guide Google through its IPO and now works as an adviser to companies going public, said there’s no appetite for risk in the market under these conditions. But there is risk that staffers get jittery, and they’ll surely look to their leaders for some reassurance.

“Until markets settle out and we have the opportunity to access valuation levels, public company CEOs should work to calm potentially distressed employees,” Buyer said in an email. “And private company managements should refine plans to get by on dollars already in the treasury.”

— CNBC’s Hayden Field, Jordan Novet, Leslie Picker, Annie Palmer and Samantha Subin contributed to this report.

WATCH: Chime is reportedly delaying its IPO

Chime is reportedly delaying its IPO

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UK

Jaguar Land Rover to ‘pause’ US shipments over Donald Trump tariffs

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Jaguar Land Rover to 'pause' US shipments over Donald Trump tariffs

Jaguar Land Rover (JLR) has said it will “pause” shipments to the US as the British car firm works to “address the new trading terms” of Donald Trump’s tariffs.

The US president has introduced a 25% levy on all foreign cars imported into the country, which came into force on Thursday.

JLR, one of the country’s biggest carmakers, exported about 38,000 cars to the US in the third quarter of 2024 – almost equal to the amount sold to the UK and the EU combined.

Follow live updates: Trump’s baseline 10% tariff kicks in

In a statement on Saturday, a spokesperson for the company behind the Jaguar, Land Rover and Range Rover brands said: “The USA is an important market for JLR’s luxury brands.

“As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.”

The company released a statement last week before Mr Trump announced a “baseline” 10% tariff on goods from around the world, which kicked in on Saturday morning, on what he called “liberation day”.

More on Donald Trump

JLR reassured customers its business was “resilient” and “accustomed to changing market conditions”.

“Our priorities now are delivering for our clients around the world and addressing these new US trading terms,” the firm said.

Trading across the world has been hit by Mr Trump’s tariff announcement at the White House on Wednesday.

All but one stock on the FTSE 100 fell on Friday – with Rolls-Royce, banks and miners among those to suffer the sharpest losses.

Read more: A red wall on Wall Street – but Trump seems to believe it will work out

Cars are the top product exported from the UK to the US, with exports worth £8.3bn in the year to the end of September 2024, according to data from the Office for National Statistics.

For UK carmakers, the US is the second largest export market behind the European Union.

Industry groups have previously warned the tariffs will force firms to rethink where they trade, while a report by thinktank the Institute for Public Policy Research said more than 25,000 car manufacturing jobs in the UK could be at risk.

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UK

Two people die after caravan fire at holiday park in Lincolnshire

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Two people die after caravan fire at holiday park in Lincolnshire

Two people have died following a fire at a caravan site near Skegness, Lincolnshire Police have said.

In a statement, officers said they were called at 3.53am on Saturday to a report of a blaze at Golden Beach Holiday Park in the village of Ingoldmells.

Fire and rescue crews attended the scene, and two people were found to have died.

They were reported to be a 10-year-old girl and a 48-year-old man.

The force said the victims’ next of kin have been informed and will be supported by specially trained officers.

Officers are trying to establish the exact cause of the blaze.

“We are at the very early stages of our investigation and as such we are keeping an open mind,” the force said.

Two fire crews remain at the scene.

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