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The biggest event so far in the 2024 election cycle took place in New Hampshire Wednesday evening. 

Former President Trump participated in a town hall event hosted by CNN, with Kaitlan Collins serving as moderator.

The fact that the event was happening at all had drawn some criticism beforehand — mostly, but not exclusively, from liberals and the left.

On the other hand, a ratings bonanza was forecast by many media-watchers.

After all the hype, here are the main takeaways. A disaster for CNN

Trump did not so much win the event as CNN lost it — catastrophically.

Not all of the blame can be placed on Collins, though there were clearly moments when she could have pushed back faster or more strongly.

A far bigger problem was a decision, presumably taken by producers, to have a live audience “made up of Republicans and undeclared voters who tend to take part in New Hampshire’s Republican primary,” as Collins put it in her introductory remarks.

What that meant was an audience loudly supportive of Trump at every turn — and plainly disdainful of Collins. 

Around halfway through the event, Trump’s description of Collins as “a nasty person” drew whoops of delight.

Not a single tough question was asked of Trump by any audience member.

Perhaps most strikingly of all, Trump’s denial of ever having met, much less abused, E. Jean Carroll, received raucous approval — despite a nine-person jury having found Trump liable for sexual abuse and defamation of Carroll only the previous day.

Offering his own spin on Carroll’s story, Trump wondered “What kind of a woman meets somebody and brings them up and within minutes you are playing hanky panky in a dressing room, OK?”

Many in the audience laughed.

Media figures, as well as politicians on the left, reacted with horror.

“I can’t believe this is being allowed on @CNN,” tweeted Gretchen Carlson, the former Fox News anchor whose allegations of sexual harassment sparked the downfall of that network’s one-time supremo, Roger Ailes. “This is promulgating the cult leadership of Trump — and people are laughing at sexual assault.”

Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted, “CNN should be ashamed of themselves. They have lost total control of this ‘town hall’ to again be manipulated into platforming election disinformation, defenses of Jan 6th, and a public attack on a sexual abuse victim.”

Ocasio-Cortez added, “The audience is cheering him on and laughing at the host.”

CNN shouldn’t create programming to please Ocasio-Cortez, of course — any more than it should mold coverage to please Trump.

But the network has serious questions to answer about an event that spiraled so abjectly — and set up one of its own rising stars for a humiliating failure. Trump was strikingly evasive on abortion

Collins did have some sliver of success when she pressed Trump on his position on abortion.

She was not able to wring from him a specific answer on whether he would sign a federal abortion ban if he were to win back the presidency in 2024. Yet, the vagueness and evasiveness of his response was revealing.

Trump proclaimed that the Supreme Court’s decision striking down Roe v. Wade last June was “a great victory.” His rationale was an unusual one.

The former president contended that the decision “was an incredible thing for pro-life because it gave pro-life something to negotiate with.”

The explanation that followed was not clear, but Trump appeared to be arguing that, with the erstwhile constitutional guarantee of a right to abortion gone, it was easier to make deals between liberals and conservatives on certain limits to abortion.

Trying to distance himself from the most rigid anti-abortion positions in his party — positions that have fared badly at the polls in recent months — he added, “I happen to believe in the exceptions” to outright bans.

Still, Trump several times avoided Collins’s question on whether he would sign a federal ban. Trump on the debt ceiling: ‘You’re gonna have to do a default’

The former president encouraged his party colleagues on Capitol Hill to hold to a hard line in the ongoing talks about the debt ceiling — even if it came at the price of the kind of U.S. default that virtually all credible economists say would be disastrous.

Trump vigorously backed the position put forward by Speaker Kevin McCarthy (R-Calif.) among others — that the debt ceiling should only be raised if President Biden and the Democrats accede to steep spending cuts.

The White House has declined to countenance that idea. Democrats often note that Republicans voted to raise the debt ceiling three times during Trump’s one term, even as he added more than $7 trillion to the national debt.

Trump insisted Republicans in Congress should stand firm.

“I say to the Republicans out there — congressmen, senators — if they don’t give you massive cuts, you’re gonna have to do a default,” he said.

He predicted that the Democrats would “absolutely cave” in the face of such a strong position.

But, he suggested, even if they did not and the U.S. went into default for the first time in its history, “it’s better than what we’re doing right now because we’re spending money like drunken sailors.” Election lies and downplaying Jan. 6

Perhaps the most predictable part of Wednesday’s event came with Trump’s standard lines about the 2020 election, and his minimization of what took place on Jan. 6, 2021.

In both cases, Collins tried to push back, but a combination of the Trump-backing crowd and his brash demeanor contributed to her getting steamrollered.

Trump said that 2020 was “a rigged election.”

It was not.

He also said that the protesters on Jan. 6 2021 “were there with love in their heart.”

Around 140 police officers were injured on Jan. 6, when a crowd ransacked the Capitol while seeking to overturn a legitimate presidential election and thwart the peaceful transfer of power.

Trump soon afterward became the first American president in history to be twice impeached. The second impeachment was for inciting the Jan. 6 riot. A big night for Trump spells trouble for his GOP rivals

CNN may well have delivered Trump his biggest boost yet in his quest for the 2024 GOP nomination — an ironic twist for a news network to which the former president almost always used to append the term “Fake News.”

All of the traits that Trump’s hardcore supporters admire were on full display on Wednesday — the belligerence, the swatting-aside of criticism and the mocking of opponents and adversaries.

He never came close to being trapped in any politically awkward spot — save perhaps when declining to answer whether he wanted Russia or Ukraine to win the war sparked by Russian President Vladimir Putin’s February 2022 invasion. Democrats target CNN over Trump town hall Disney+, Hulu will become ‘one-app experience’ this year: CEO

Above all, CNN got humiliated at his hands — a sweet victory for conservatives who detest the network.

The event plainly reinforced Trump’s position as the dominant player in the GOP field.

That is very bad news for the rivals who are already trailing in his wake.

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Bill preventing children from ‘doom scrolling’ to get govt backing – but plan watered down

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Bill preventing children from 'doom scrolling' to get govt backing - but plan watered down

A Labour MP’s bill to prevent children from “doom scrolling” on social media is expected to get government backing today, after its proposals were watered down.

Josh MacAlister, a former teacher, has been campaigning for tighter limits on younger teenagers spending hours a week on apps such as TikTok and Snapchat.

He told Sky News that today’s bill, which will be debated by MPs, was a “meaningful first step” towards making children safer online and hoped it would be “just the start” of government action on the issue.

The MP had originally called for a smartphone ban in schools, tougher action by Ofcom and raising the “digital age of consent” at which children can use most social media to 16.

But in the face of ministerial opposition, his bill now just calls for chief medical officers to review the evidence on screen-based harms – which was last looked at in 2019 – within a year.

File pic: PA
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File pic: PA

When that review is complete, the government must decide whether there is a case to raise the age at which children can use social media from the current age of 13.

Mr MacAlister said: “We’ve managed to persuade lots of MPs and make a big noise about this issue, which is that for too many children, smartphones and social media are really addictive and taking a lot of their time and attention.

More on Online Safety Bill

“That issue for too long hasn’t been debated in parliament. My private members’ bill will get the government to come back within a year on the question of raising the age of digital consent, and that would be a really important step forward in this campaign to make sure that parliament takes these issues seriously.

“We chose 13 a long, long time ago. Is that right? You know, in Norway it’s 15. In France it’s 15. I’m asking them to consider, ‘should we be setting it at a higher age?’

“Different countries are trying different things out, but they all start with the same common problem, which is kids spending lots of time online that they used to spend in real life outdoors, doing things with their friends.”

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From December: Government cracks down on social media

Charities urge minister to back bill

Asked if he was disappointed that ministers had not been willing to go further, he said: “This is just the start. If you look back at previous debates about smoking or car seatbelts, often it was dozens of pieces of legislation that led to the conclusion.”

Mr MacAlister, the MP for Whitehaven and Workington, will tell MPs that changing the age at which a child can consent for their data to be shared online to 16 would give parents more control, and force platforms to enforce more rigorous age verification.

A minister will respond to the plans, which have attracted cross-party support. It’s expected that the government will agree to take the proposals further.

Ten children’s charities, including Barnardo’s and the NSPCC, have written to Peter Kyle urging him to support the bill, saying that the online world poses “significant risks to children” and that “current legislation does not go far enough” in restricting screen time.

Read more:
Loophole in law on apps ‘leaves kids vulnerable to abuse’
Websites hosting pornographic content must have age checks by July – Ofcom

It’s understood that the tech secretary wanted to make sure the Online Safety Act, which was passed by MPs in 2023 and is being implemented in stages this year, is completed first. It intends to protect young people from illegal and harmful content.

The government has opposed a smartphone ban in schools, saying this should be up to headteachers.

Today, the most extensive polling of young people aged 16-24 shows that 62% of this age group say social media does more harm than good, both men and women.

Only 22% of the 2,000 young adults polled by the company More in Common think it does more good than harm.

Four in five of this age group also say they would try to keep their own children off social media for as long as possible.

Half of this generation, who grew up with smartphones, agree they spent too much time on their phones and social media during childhood.

Read more from Sky News:
Killer convicted of raping ex-girlfriend before murdering her
Nigel Farage hits back at one of his own Reform MPs

‘This isn’t just parents’

Anna McShane, director of The New Britain Project, which commissioned the polling, said: “This isn’t just parents worrying about their kids, young people themselves are saying social media has become more addictive, more negative, and more harmful.

“They’ve grown up with it, and now they’re warning us about its dangers.”

A Department for Technology spokesperson added: “We are committed to keeping young people safe online whilst also ensuring they can benefit from the latest technology.

“By the summer, robust new protections for children will be in force through the Online Safety Act to protect them from harmful content and ensure they have an age-appropriate experience online.

“The government’s response to the private members’ bill will follow during second reading of the bill, as per parliamentary process.”

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Rachel Reeves: ‘People want to talk me down… I’ll prove I can do it’

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Rachel Reeves: 'People want to talk me down... I'll prove I can do it'

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Beth’s been to 11 Downing Street to talk to the chancellor for Electoral Dysfunction.

She took some of your questions (and a couple of Electoral Dysfunction mugs) with her.

Rachel Reeves reflects on her first few months in the job, explains what she thinks of the “Rachel from Accounts” label and shares her own money-saving tip which she tries to do every day when at Downing Street.

She also hints on what might come in her Spring Statement with some strong words on the need for welfare reform.

Email us at electoraldysfunction@sky.uk, post on X to @BethRigby, or send a WhatsApp voice note on 07934 200 444.

And remember, you can also watch us on YouTube!

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Technology

Cryptocurrencies decline as Trump’s U.S. bitcoin reserve plan falls short of expectations

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Cryptocurrencies decline as Trump's U.S. bitcoin reserve plan falls short of expectations

Jakub Porzycki | Nurphoto | Getty Images

Cryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.”

The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it fell to as low as $84,688.13.

Earlier losses in other coins – specifically those that rallied at the beginning of the week after Trump said they would be included in the strategy – also eased. Ether was down 2%, trading at $2,184.08. XRP and Solana’s SOL token retreated 1% and 3%, respectively. Cardano’s ADA token tumbled 13%.

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Bitcoin (BTC)

White House crypto and AI czar David Sacks detailed in a post on X that the bitcoin reserve will include bitcoin already owned by the U.S. government that it seized from past law enforcement actions – a move, he emphasized, that will “not cost taxpayers a dime.” The U.S. currently owns more than 198,000 bitcoins worth about $17 billion, according to Arkham.

The stockpile of other coins will include “digital assets other than bitcoin forfeited in criminal or civil proceedings.” Sacks said the government will not acquire additional assets for it “beyond those obtained through forfeiture proceedings.” Arkham data shows the U.S. government owns about 56 ether tokens worth almost $119 million. It does not list XRP or the Solana or Cardano tokens.

Investors initially dumped their coins at the notion of the U.S. having no immediate planned purchases of bitcoin, per the order, against the backdrop of major weakness in equities.

“It is good news, but not what the market wanted in the short term,” said Steven Lubka, head of private clients and family offices at Swan Bitcoin. “People were hoping for near-term buy pressure.”

Sacks did point out that the Secretaries of Treasury and Commerce are authorized to develop “budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers,” and that there’s no plan to accumulate additional assets for the crypto stockpile beyond what’s already been obtained by the government.

The announcement came days after Trump teased new details on the highly anticipated bitcoin reserve that had become one of his biggest promises to the crypto industry on his campaign trail, and on the eve of the first White House Crypto Summit.

The crypto market has been rocked this week by the tariff war and inflation concerns, which have largely overshadowed the speculative excitement around the bitcoin reserve. JPMorgan on Wednesday said it doesn’t expect a big move higher in crypto in the near term, given the broader economic uncertainty and weakening demand.

Bitcoin briefly returned to the key $90,000 level earlier this week and is now hovering just below it. Investors and analysts have warned that until bitcoin can meaningfully hold above it, it’s at risk of a bigger pullback toward $70,000.

James Lavish of Bitcoin Opportunity Fund reacts to proposed U.S. strategic crypto reserve

Don’t miss these cryptocurrency insights from CNBC Pro:

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