‘Wolf of Wall Street’ Jordan Belfort breaks silence on Trump’s tariffs

Published

5 months ago

April 11, 2025

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‘Wolf of Wall Street’ Jordan Belfort has told Sky News there’s “no way” Donald Trump is guilty of insider trading or market manipulation.

Opponents say the president has questions to answer after he said it was a “great time to buy” shares – four hours before the stock market surged on Wednesday when he paused tariffs.

Mr Belfort told Gillian Joseph the fact Mr Trump made the statement on social media meant it was public, rather than him tipping off a few people.

Tariffs latest: Trump – ‘everything will be beautiful in the end’

Speaking on The World programme, Mr Belfort said: “I personally don’t find it overly suspicious. Especially since he’s told it to everybody at once.

“If he hadn’t said anything and told five of his best friends ‘I’m gonna ease this tariff situation – you should be buying’, that would be illegal.”

Insider trading is when people take advantage of non-public information to buy or sell shares and make a gain.

The former stockbroker was famously played by Leonardo DiCaprio in the film about his early life and admitted crimes related to stock manipulation.

Mr Belfort said Mr Trump’s post was just repeating what the president had said previously, and that buying when share prices plunge is a well-known investment move.

“He had been saying that all along [to buy], it wasn’t the only time he’d said that,” said Mr Belfort.

“[Treasury] Secretary Bessent had been saying that too. It’s a really basic piece of advice.”

Stock markets around the world plunged dramatically on Monday due to the start of America’s wide-ranging tariffs on imports from around the world.

The world economy was rattled again just two days later when the president said nearly all of the taxes would go on hold for 90 days.

The key S&P 500 index jumped nearly 10% – a huge daily increase.

Rival Democrat politicians say Mr Trump‘s encouragement to buy raises “grave ethics concerns”.

Some are calling for an urgent inquiry into whether any of his family or administration officials benefited by dealing in the stock market ahead of time.

The White House said the president’s post was simply reassuring Americans “about their economic security in the face of nonstop media fearmongering”.

Mr Belfort accused Democrat figures of trying to “earn brownie points with the media and their party”.

‘Not gonna be pretty’

Despite the mid-week surge, turbulence in stock markets appears far from over – chiefly because China and the US remain locked in a tariffs stare down.

American indexes closed down again on Thursday, Japan’s Nikkei fell about 5% early on Friday, and Hong Kong stocks are heading for their worst week since 2008.

Gold meanwhile, considered a “safe haven” asset, has climbed to a record price and earlier today passed the $3,200/oz level for the first time.

Mr Belfort told Sky News that while he was against tariffs generally, President Trump’s dramatic intervention was necessary as the US has an “insane” trade imbalance and imports far more than it exports.

“The United States has been drained of its wealth, drained of its factories,” he said.

“It’s not gonna be pretty,” added Mr Belfort. “There’s going to be pain – but the path we were on before is simply unsustainable. It had to change.”

He said he was sceptical over fears the tariffs will hit US consumers hard, with some predicting goods – including popular items such as the iPhone – could jump in price if costs are passed on.

The former trader said he believes firms would shift production from China, which is subject to a tariff of more than 100%, to places such as India, and that exemptions would eventually be agreed.

He also gave the thumbs up to Elon Musk‘s controversial government efficiency role which has forced thousands of jobs cut.

“I love what is being done because the amount of abuse and waste and fraud, it’s absolutely insane,” said Mr Belfort.

“It’s a great thing that’s happening. Obama talked about doing it, Clinton tried it; this is not a new idea to try to make the government more efficient.”

If Mr Musk leaves or quits in the near future, as is rumoured, Mr Belfort said the world’s richest man has installed “some very seasoned business people that really care about the country”.

US

Charlie Kirk’s widow pays tribute to ‘perfect’ husband and says her cries ‘will echo around the world’

Published

10 hours ago

September 13, 2025

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Charlie Kirk's widow pays tribute to 'perfect' husband and says her cries 'will echo around the world'

Erika Kirk, the widow of conservative activist Charlie Kirk, described him as a “perfect” husband and father, and said the “evildoers” who assassinated him have no idea what they have unleashed.

“You have no idea of the fire that you have ignited within this wife, the cries of this widow will echo around the world like a battle cry,” she said on Friday in her first public remarks since the assassination.

“If you thought that my husband’s mission was powerful before, you have no idea, you have no idea what you just have unleashed across this entire country and this world, you have no idea.”

Mrs Kirk addressed the public after a silent prayer from the studio where her husband recorded his podcast.

She thanked President Donald Trump and vice president JD Vance and his “phenomenal” wife, Usha, for the support, and praised the emergency teams who tried to save her husband’s life.

“Charlie said if he ever ran for office, his top priority would be to revive the American family. That was his priority,” Mrs Kirk said.

“But most of all, Charlie loved his children. And he loved me. With all his heart. And he made sure I knew that every day,” she said.

She called him a “perfect” father and husband, as she held back tears. She also talked about some of his favourite hobbies.

Mrs Kirk said the campus tour that his organisation, Turning Point USA, had started will continue – and urged young people to join her late husband’s political movement.

“I promise I will never let your legacy die,” she said, addressing her husband, vowing to make his movement the “biggest thing this nation has ever seen”.

Mrs Kirk says she doesn’t remember the last time she slept, and shared a story about their daughter when she ran into her arms and asked: “Where’s daddy?”

“What do you tell a three-year-old?”

Mrs Kirk finished her remarks, speaking directly to her husband: “I can’t wait to see you again one day.”

“God bless you all, and may God bless America,” she said as she wrapped up her speech.

US

Charlie Kirk suspect arrested after tip-off from father

Published

14 hours ago

September 13, 2025

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Charlie Kirk suspect arrested after tip-off from father

US officials have confirmed the suspect in the killing of Charlie Kirk has been arrested and identified as 22-year-old Tyler Robinson.

Utah governor Spencer Cox started a news conference with the phrase “we got him”, adding that a member of Robinson’s family alerted authorities. It has been widely reported that Robinson’s father had turned him in.

The details broadly match information released by US President Donald Trump earlier on Fox News.

Explainer: All we know about the suspect

Mr Kirk, 31, a Trump supporter and right-wing influencer, was fatally shot in the neck on Wednesday afternoon while speaking to university students at an event in Utah.

Two people were previously arrested and then released, with officials saying they were only persons of interest.

FBI director Kash Patel, who also spoke at the news conference, confirmed the suspect was taken into custody on Thursday at 10pm local time (5am UK time).

He praised Mr Cox and Mr Trump for their support and finished with a message for Charlie Kirk: “To my friend Charlie Kirk. Rest now, brother. We have the watch and I’ll see you in Valhalla.”

Robinson believed Kirk was ‘full of hate’

Mr Cox described how messages between Tyler Robinson and his roommate revealed information about the alleged plot including details about a rifle, matching the description of the weapon recovered after the shooting.

Bullets with messages inscribed on the casings were also discovered with the rifle, including “Hey fascist! Catch!” and “If you read this, you are gay, LMAO”.

Explainer: How Charlie Kirk was killed

Mr Cox said a family member told officials that Robinson “had become more political in recent years” and had criticised Charlie Kirk, adding that Robinson said Mr Kirk was “full of hate and spreading hate”.

Robinson ‘confessed’ to killing

Utah’s governor said a family member reached out to a friend, who contacted authorities on Thursday with information that Robinson had confessed or implied that he carried out the shooting.

Sky’s US partner network NBC News reports the family member was Robinson’s father, who went to a church minister, who then contacted a local sheriff.

Mr Cox said he thought Robinson acted alone and there was no evidence anyone else was involved, but did not speculate on a potential motive. He added that Robinson had been living for a long time with his family in Washington County, in southwest Utah.

Political motivation will feed into the political fallout

We were told that Tyler Robinson, over time, had grown more politically engaged and had a dislike of Charlie Kirk.

Words inscribed on ammunition found discarded included: “Hey fascist, catch!” There were also the words to the song “Bella ciao,” an anthem for the Partisans who fought for the Italian Resistance against the Nazis.

The sentiments would appear to confirm early suggestions of a political motivation – they will feed into the political fallout

If it was inevitable that the assassin would be found eventually, the broader uncertainty is how this episode ends for the United States.

The Utah governor acknowledged dangers when he told the news conference: “This is our moment, do we escalate or do we find an off-ramp? History will dictate if this is a turning point for our country.”

His theme was unity and it’s a message America needs to hear. The danger, laid bare in the aftermath of the shooting, is that it’s drowned out by recrimination. Reaction to the assassination suggests there’s every chance.

Neighbour: He was ‘smart’ and ‘quiet’

Kristin Schwiermann, a neighbour of the suspect’s family, said he was “smart”, “quiet” and “never caused any problems”.

“I am shocked, very shocked,” she said. “I feel for his mom. She’s a great mom, and he has a great dad.”

At the time of the shooting, Robinson was a third-year student on the electrical apprenticeship programme at Dixie Technical College in Utah.

He previously earned a four-year scholarship to Utah State University, but left after one semester in 2021.

Robinson did not appear to have any criminal history, according to state records. He was a registered voter but was
not affiliated with a political party, according to voter records.

Mr Kirk was the president and co-founder of Turning Point USA, a prominent organisation that engages conservative youth on school campuses.

Read more: Who was Charlie Kirk?

The father of two, who had millions of followers across social media, appeared at Utah Valley University on Wednesday as part of a planned tour of US college campuses.

Vigil for Kirk held in London

A vigil for Mr Kirk was held at the Montgomery Statue in Whitehall, in central London, on Friday night.

The sombre event was organised by Turning Point UK, the British branch of Kirk’s right-wing youth political organisation.

“Charlie Kirk laid his life down for young people,” said Maisey.

While Jade, wearing a Make America Great Again hat with “RIP Charlie Kirk” written on it, said: “I was very, very sad when I heard the news. I didn’t agree with everything he said but that’s OK! I’m just sad I never got to meet him.”

Turning Point UK’s chief executive Jack Ross told the crowd: “Charlie Kirk has a fantastic legacy and he did so much to shape politics in the West. He stood up for free speech, he stood up for what’s right and we demand justice.

“Charlie was not killed because he talked. He was killed because people listened.”

Charges expected next week

Robinson is due to make an initial court appearance next Tuesday, when he is also expected to be charged, the Utah County attorney’s office said.

He is being held without bail after being arrested on suspicion of aggravated murder, felony discharge of a firearm causing serious bodily harm and obstruction of justice charges, according to a court affidavit.

‘Big breakthrough’, says Vance

Mr Kirk’s body was flown back from Salt Lake City to his home state of Arizona on Air Force Two on Thursday, with the US vice president and close friend JD Vance on board.

On Friday, Mr Vance posted on X that the arrest was a “big breakthrough”. He added: “We took a big step this morning in getting justice for Charlie, and for his family.”

Mr Trump said he plans to attend Mr Kirk’s funeral, although no date has yet been set.

US

All we know about the suspect in Charlie Kirk’s shooting – and how he was caught

Published

20 hours ago

September 12, 2025

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All we know about the suspect in Charlie Kirk's shooting - and how he was caught

The suspect in the shooting of Charlie Kirk is in police custody after a two-day manhunt.

The right-wing influencer, 31, was fatally shot on Wednesday afternoon while speaking at an event on Utah Valley University campus in Orem.

Police began searching for the shooter on the campus, before eventually extending the manhunt to nearby neighbourhoods.

The suspect has been named as Tyler Robinson, a 22-year-old man from Utah, and the governor’s office has released a photo of him in custody.

US president Donald Trump told Fox News the suspect was in custody on Friday, adding “somebody that was very close to him turned him in”.

Officials have now revealed further details about the suspect, including what a family member said about him and messages he sent a friend about his alleged plot.

Here’s what we know about the suspect so far:

How was the suspect caught?

Mr Trump told Fox News that a person “very close” with the suspect went to “the father”, who then went to a US Marshal.

“The father convinced the son,” he said, adding that they then “drove into the police headquarters, and he’s there now”.

He added that he may need to be corrected and that he was “talking based on what I’m hearing”.

In a news conference later, Utah Governor Spencer Cox said a member of Robinson’s family reached out to a family friend, who then contacted the Washington County Sheriff’s Office with information that Robinson “had confessed to them or implied that he had committed the incident”.

NBC news reports that the family member is his father – and that the father then went to a church minister he knew, who contacted a local sheriff.

He said the family member told the FBI that Robinson “had become more political in recent years” and that, at a dinner prior to the shooting, he had mentioned Mr Kirk’s upcoming visit to Utah Valley University.

Mr Cox said they had “talked about why they didn’t like him and the viewpoints that he had” and that “the family member also stated Kirk was full of hate and spreading hate”.

He went on to say that messages between Tyler Robinson and his roommate revealed details about the alleged plot.

“The content of these messages included messages affiliated with the contact ‘Tyler’ stating a need to retrieve a rifle from a drop point, leaving the rifle in a bush, messages related to visually watching the area where a rifle was left, and a message referring to having left the rifle wrapped in a towel,” he said.

Latest updates as suspect named

Mr Cox added that there was no evidence to suggest anyone else was involved, but that the investigation was ongoing.

He said the suspect was taken into custody in Washington County, in southern Utah, around a three to four hour drive from Orem, where his family lived.

Pictures and footage released by the FBI

Mr Cox also said that the suspect changed clothes on campus.

He said footage “first spotted” him with one outfit on, which he allegedly changed while on the roof of one building.

Mr Cox said he then “changed back into that clothing at some point” – meaning the first outfit.

All this meant, the governor said, that when he was arrested, the suspect was wearing the same clothes he had on before the shooting.

Earlier, Mr Trump had said the suspect was “28 or 29”, but caveated that his facts were “subject to be corrected” and “based on what I’m hearing”.

Before news of his capture came in, the FBI had released images of a “person of interest” in the shooting, later revealed to be Robinson, showing him wearing a hat, sunglasses, and a backpack.

They also released video footage of him fleeing after the incident, where he could be seen walking on the roof of the building from where the fatal shot was fired.

He was then seen climbing down and heading toward a wooded area, where police say he abandoned his rifle.

The first description of the suspect came from a police officer on her radio shortly after the shooting, who said he was “wearing jeans, black shirt, black mask, long rifle”.

Beau Mason, commissioner of the Department of Public Safety, later said he “appears to be of college age” and that he “blended in well with a college institution”.

What else do we know about Robinson?

Sky News have now verified what appear to be school records posted in 2020 by his mother which show a 4.0 average – a very high score, akin to straight As in the UK.

“This boy is a genius,” she added.

Robinson expected to be charged with aggravated murder

The suspect is expected to be charged with aggravated murder, felony discharge of a firearm causing serious bodily injury and obstruction of justice, according to a probable cause affidavit.

The offences are all state charges.

Mr Cox said that under Utah law, they have three days to file charging documents, and that it should come “early next week.”

Utah officials previously said they were going to seek the death penalty for Charlie Kirk’s suspected shooter.

What weapon did the shooter use?

The weapon was found after the shooting in a wooded area where the shooter had fled, according to FBI agent Robert Bohls.

He described the gun as a “high-powered bolt action rifle”.

Investigators collected a footwear impression, a palm print, and forearm imprints for analysis.

Firearms consultant David Dyson told Sky News that, based on the range from where they are believed to have fired, the gunman would likely need to be a somewhat skilled target shooter.

But he suggested that while the shot may be difficult for anyone without experience, it’s “not a great range” for someone with practice.