Governor Gavin Newsom Says He Told Trump ‘Newscum’ Isn’t Original

Watch on YouTube ↗  |  January 30, 2026 at 16:10  |  1:56  |  Bloomberg Markets
Speakers
Gavin Newsom — Governor of California

Summary

California Governor Gavin Newsom recounts a nearly 20-minute phone call with President Donald Trump before Trump federalized the National Guard. In the call, Trump asked Newsom what he thought of the 'Newscum' nickname, and Newsom replied that a seventh-grade classmate had used the same insult. Newsom also describes Trump's operating style as daily 'shock and awe' and says nothing about it should be normalized. The conversation is entirely political and contains no market, asset, or investment discussion.

  • Newsom describes a roughly 20-minute call with Trump before the National Guard federalization.
  • Trump asked Newsom what he thought of the 'Newscum' nickname.
  • Newsom said the nickname was not original, citing a seventh-grade classmate.
  • The exchange also touched on 'MAGA' branding, Reagan, and Trump's hat sales.
  • Newsom says Trump operates with daily 'shock and awe' and nothing can be normalized.
  • No financial instruments, sectors, companies, or trading theses were discussed.
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