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Evening Wire: Trump Strikes Oil In Greenland & Shane Gillis Fallout Continues | 10.14.26

11m 55s

Evening Wire: Trump Strikes Oil In Greenland & Shane Gillis Fallout Continues | 10.14.26

Bank of America faces a record $1.2 billion fine from the Treasury for violating financial reporting laws and sanctions, highlighting systemic risks in U.S. financial oversight. A Saudi national is accused of spying at OpenAI, with no evidence of data breaches, though concerns remain about security and corporate transparency. Inflation surged in September, driven by gas prices, pushing the Federal Reserve to consider a rate hike, which now stands at 42% probability. Social Security beneficiaries receive a 4% raise, but the program’s trust fund is projected to collapse in under six years, threatening automatic benefit cuts. President Trump has announced expanded U.S. exploration of Greenland’s oil and mineral resources, following a new defense pact with Denmark. A controversial Indiana candidate, Jamie West, faced nationwide condemnation for an intoxicated, threatening interview, with no public response. Meanwhile, Russell Brand faces trial on multiple sex offense charges, and comedian Shane Gillis sparked backlash for a joke about women’s gym clothing, prompting accusations of sexism and objectification. These events underscore ongoing tensions in financial regulation, national security, political discourse, and public accountability.

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Okay, first, before we give you the facts of the day, Run, Hide, Fight! Infidels is streaming now only on Daily Wire. It's an ode to the great action movies of the 80s and 90s. There's even a love story which nobody expected. And you can support Daily Wire's mission to continue making movies that people actually want to watch. Go check it out. Tired of your car insurance rate going up even with a clean driving record? You're not alone. That's why there's Jerry, your proactive insurance assistant. Jerry compares rates side by side from over 50 top insurers and helps you switch with ease. Jerry even tracks market rates and alerts you when it's best to shop. No spam calls, no hidden fees. Drivers who save with Jerry could save over $1,300 a year. Switch with confidence. Download the Jerry app or visit jerry.ai slash wire. Well, polls tell you what voters said at one moment. But Kalshi gives you another way to follow a race, a live market that moves as traders respond to new information. In Michigan, Abdul El-Sayed and Mike Rogers are competing in one of Kalshi's most traded midterm matchups. You can visit Kalshi's midterms hub to track how the market views the race and then trade an event contract on the outcome you think is going to happen. If you're right at settlement, each winning contract is worth $1. See the market, make your call, trade what happens next on Kalshi. Use code DAILY, D-A-I-L-Y, to get up to $25 when you trade $25. That's Kalshi, K-A-L-S-H-I, Kalshi, trade on anything. 18 plus only, restrictions and eligibility requirements. Apply. Event contracts trading involves risk and may not be suitable for all investors. Kalshi products are not available in all jurisdictions. Prices, values, and available markets may differ from those mentioned. For more information, you can go see Kalshi.com slash regulatory. Bank of America is fined over a billion dollars by the Treasury Department. Trump says we're ready to begin mineral oil and gas exploration in Greenland. And the Shane Gillis monologue fallout continues. I'm Georgia Howe with Daily Wire executive editor John Bickley. It's Wednesday, October 14th, and this is Evening Wire. Treasury Department has fined Bank of America just over $1.2 billion. That's the third largest fine in the department's history. Foreign affairs reporter Cassie Akiva has the story. The Treasury announced the fine in a Tuesday press release. According to the department, Bank of America, quote, admits that it willfully violated the Bank Secrecy Act and failed to report on time more than $5 billion in suspicious transactions. At least $1 billion of that was connected to entities that the department says are priority illicit finance risks. Bank of America allegedly violated U.S. sanctions on a handful of countries that include Belarus, Iran, and Russia. Treasury Secretary Scott Besson said that the bank's actions, quote, exposed the entire U.S. financial system to significant risk. A Saudi national who worked as an engineer at OpenAI has been arrested on federal charges after allegedly planting covert, recording devices in the company's San Francisco offices. Homepage editor Jordan Schroeder has the latest. Abdulrahman Al-Fozan is believed to have been trying to record confidential discussions about OpenAI's artificial intelligence technology. Al-Fozan was also named a venture partner at Rad Ventures, a Riyadh-based investment firm focused on startups in the Middle East and North Africa, though no direct ties to the Saudi regime have been made. Prosecutors allege Al-Fozan concealed an incredible amount of money in the bank's account. Al-Fozan is believed to have been encrypted recording device behind a television in an executive conference room, and investigators later found a second device in a bag linked to him. OpenAI said it found no evidence that he improperly accessed or stole its AI models, source code, or customer data. Authorities have not publicly established a motive or identified an intended recipient for the recordings. The Labor Department released the latest inflation data today showing that price increases accelerated through September. The latest numbers in the Consumer Price Index show that, on average, prices increased by 0.6 percent last month, which was faster than the previous month's 0.4 percent jump. In large part, inflation was driven by a 9.1 percent jump in gas prices in September. Stock prices dipped after the new numbers were released, and according to the CME Group's FedWatch tool, the odds of the Fed hiking interest rates at its next meeting at the end of the month roughly doubled from 22 percent to 42 percent. Social Security recipients are getting their biggest benefits bump in four years. The Fed's interest rates are going to go up by 10 percent over the next few years. On Wednesday, the Social Security Administration announced a nearly 4 percent increase on payments as part of a cost-of-living adjustment to keep pace with inflation. The adjustment, which boosts the average Social Security check by $75 per month, comes as the program's trust fund is projected to go insolvent in less than six years, triggering an automatic 20 percent benefits cut for all recipients, unless Congress intervenes. Still, senior advocates say it isn't enough, with the head of the Senior Citizens League arguing seniors are getting a slight increase in interest rates. The Fed's trust fund is projected to go even bigger. Potentially disrupting a planned visit to South America next month. The Vatican has not announced any changes to its travel schedule. The U.S. will soon begin to explore Greenland for oil, gas, and minerals. Daily Wire editor Zach Jewell has the details. On Wednesday, President Trump said that U.S. energy and mining companies are getting ready for, quote, massive oil, gas, and mineral exploration in Greenland. In a post on Truth Social, he said, Greenland's resources and said that its, quote, easily available oil is far greater than that of almost any land. The president also emphasized the land's importance to U.S. national security. Trump's announcement comes roughly four weeks after the U.S., Greenland, and Denmark, which controls Greenland, announced a new defense agreement. The new deal gives the U.S. broad access to Greenland's land and airspace, and also mentions increased mineral cooperation between the U.S. and Denmark. An absolutely bizarre interview, from a Democrat county council candidate in Indiana, has left voters and the rest of the internet stunned. Reporter Drew Berkmeyer has the story. Jamie West, running for Fayette County Council, appeared at a candidate forum on Friday where she seemed to be intoxicated, giving answers that ranged from incoherent to downright disturbing. Listen now. Firing all Republicans. I wouldn't let them, I mean, I don't even talk to them. I don't like them. I mean, they voted against our own state representative. Voted against her own party. I mean, what do you want me to say? I don't like being around them. I mean, y'all did this to us. You all voted for us. You made this happen, this ice coming into our communities, stealing people's jobs. I've been threatened so many times to my face by MAGA, we'll call them, because there's Republicans who actually get it. You know, there are good Republicans out there. But then there's these MAGAs who are just racist and aren't very intelligent at all. They call you names. They don't share a nephew threatening to blow my head off. Many online questioned the authenticity of the video, believing that it had to be some kind of comedy bit. The interview, however, was genuine. As the interviewer, I was able to get a response. Here's that now. Well, that brings us to your opportunity to say just a few last words to the voters. We have guns, too. West has yet to publicly address her behavior during the interview and has not been made available to the media since. The trial of comedian and actor Russell Brand has begun in London, with Brand pleading not guilty to seven sex offense charges involving six women. Entertainment reporter Amanda Harding has the story. Prosecutors allege the incidents occurred between 1999 and 2009 in locations including hotels, workplaces, a bar, and Brand's home. The charges include three counts of rape, three counts of sexual assault, and one count of indecent assault. Prosecutor Real Carmi Jones told jurors that Brand pursued sexual contact aggressively, while a former friend testified that Brand once boasted about wanting to sleep with more than 5,000 women. Brand has denied ever engaging in nonconsensual sexual activity, arguing in a prepared statement that the allegation was fabricated after media coverage of his behavior. The trial is expected to last about six weeks. In other celebrity news, Sean Diddy Combs was reportedly taken by ambulance to a hospital over the weekend after suffering a head injury while serving his 50-month federal prison sentence in New Jersey. The 56-year-old rapper left FCI Fort Dix early Saturday and returned later that day, but the circumstances surrounding the injury remain unclear. Combs' spokesperson said his health and well-being were the immediate concern. The incident comes amid recent reports alleging Combs received special treatment behind bars, including access to contraband phones, alcohol, and medication, as well as help from other inmates. Combs was convicted last year on two counts of transportation to engage in prostitution, but acquitted of sex trafficking and racketeering. He's appealing his conviction in sentence after a judge sentenced him to 50 months in prison. And comedian Shane Gillis is drawing backlash after joking about women's revealing gym attire during his Saturday Night Live montage. monologue. Gillis, in a set built around the pitfalls of being a fat man trying to lose weight publicly, had this to say. Also, I haven't been to the gym in so long, I didn't know women just dress like whores now. He went on to joke about the tight, brightly colored shorts some women wear, and then turned the joke on himself. Take a listen. And don't look. You're not allowed to look. For real, don't look, because they are filming. I'm in the background of like 10 TikToks right now. Actor Dan Levy condemned the routine for objectifying women, while USA Today columnist Kelly Lawler accused Gillis of contributing to a culture that enables sexual assault. Critics of the backlash, however, argued that both ignored the joke's punchline, which made Gillis himself the target of the humor. All right, those are your drive-home updates. To learn more about these stories, go to dailywire.com. And in case you missed it earlier today, we covered some major stories, including key staffing changes on Capitol Hill, the FBI crackdown on international scam networks, and the Democratic spending strategy. Thanks for tuning in. We'll be back tomorrow morning with another full edition of Morning Wire. Well, some races draw attention. Others become the race everyone watches. In Texas, James Tallarico and Ken Paxton are facing off in one of CalShee's most traded midterm markets. Follow the race in real time on CalShee, and then trade on the candidate you think is going to win. Each correct contract is worth $1 at settlement. Don't just follow the midterms. Trade what happens next on CalShee. Use code DECODE. Daily, D-A-I-L-Y, to get up to $25 when you trade $25. That's CalShee, K-A-L-S-H-I, CalShee. Trade on anything. 18 plus only. Restrictions and eligibility requirements apply. CalShee products are not available in all jurisdictions. For more information, see calshee.com slash regulatory.

Podcast Summary

Key Points:

  1. Bank of America has been fined over $1.2 billion by the Treasury Department for willfully violating the Bank Secrecy Act and failing to report suspicious transactions involving billions in illicit finance, including ties to Iran, Russia, and Belarus.
  2. A Saudi national, Abdulrahman Al-Fozan, has been arrested for allegedly planting encrypted recording devices at OpenAI’s San Francisco offices, though the company claims no evidence of data theft or improper access.
  3. Inflation rose 0.6% in September, driven by a 9.1% gas price spike, prompting a significant increase in the likelihood of a Fed rate hike, now estimated at 42% for the next meeting.
  4. Social Security recipients receive a 4% cost-of-living adjustment, but the program’s trust fund is projected to go insolvent in under six years, risking a 20% automatic benefit cut unless Congress acts.
  5. President Trump announced plans for U.S. oil, gas, and mineral exploration in Greenland, following a new U.S.-Greenland-Denmark defense agreement that grants broad access and cooperation.
  6. A Democrat candidate in Indiana, Jamie West, drew widespread backlash for an intoxicated and incoherent interview, where she made offensive statements about Republicans and threats, with no public response or media availability since.
  7. Comedian Russell Brand is on trial in London for seven sex offense charges, including rape and sexual assault, with prosecutors alleging aggressive pursuit of sexual contact over a decade.
  8. Comedian Shane Gillis faced backlash for a Saturday Night Live monologue mocking women’s gym attire, sparking criticism for objectifying women, though defenders argue the joke's punchline targeted himself.

Summary:

S. financial oversight. A Saudi national is accused of spying at OpenAI, with no evidence of data breaches, though concerns remain about security and corporate transparency.

Inflation surged in September, driven by gas prices, pushing the Federal Reserve to consider a rate hike, which now stands at 42% probability. Social Security beneficiaries receive a 4% raise, but the program’s trust fund is projected to collapse in under six years, threatening automatic benefit cuts. S.

exploration of Greenland’s oil and mineral resources, following a new defense pact with Denmark. A controversial Indiana candidate, Jamie West, faced nationwide condemnation for an intoxicated, threatening interview, with no public response. Meanwhile, Russell Brand faces trial on multiple sex offense charges, and comedian Shane Gillis sparked backlash for a joke about women’s gym clothing, prompting accusations of sexism and objectification.

These events underscore ongoing tensions in financial regulation, national security, political discourse, and public accountability.

FAQs

Run, Hide, Fight! Infidels is an action-packed movie inspired by 80s and 90s action films, featuring a surprising love story. It is streaming exclusively on Daily Wire.

Jerry compares rates from over 50 insurers, tracks market prices, and alerts drivers when it's time to switch. It helps users save over $1,300 annually with no hidden fees or spam calls.

Kalshi offers a live market where you can trade on political outcomes. You can follow races like the Michigan midterm between Abdul El-Sayed and Mike Rogers and profit if you're right at settlement.

The U.S. Treasury has fined Bank of America over $1.2 billion for willfully violating the Bank Secrecy Act and failing to report suspicious transactions involving over $5 billion.

A Saudi national, Abdulrahman Al-Fozan, was arrested for allegedly planting encrypted recording devices in OpenAI’s San Francisco offices. OpenAI says there’s no evidence of data theft or access to sensitive technology.

The latest CPI shows a 0.6% price increase in September, driven largely by a 9.1% gas price rise. This has increased the odds of a Fed rate hike to 42% and led to a 4% boost in Social Security benefits.

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