Trump celebrates as Disney fires Kimmel after $40 million dollars in losses

"Great News for America: The ratings challenged Jimmy Kimmel Show is Cancelled"

The Capitalist

Sep 19, 2025

Hello Capitalists,

Here is everything you should be following today:

Kimmel’s firing ends a disastrous episode for Disney
Senate declares Day of Remembrance for Charlie
Trump roasts Kimmel over firing
Pressure cranks up on Powell for MORE rate cuts
Crypto ETF hits Wall Street

Today’s markets:

DOW: 46288.93 (⬆️0.32%) - ✅
S&P: 6653.42 (⬆️0.32%) - ✅
NASDAQ: 22211.15 (⬆️0.50%) - ✅
CBOE VIX Volatility Index: $15.73 (⬆️0.19%) - ⚠️⬆️

Kimmel’s firing caps disastrous plunge in views and $40 Million ad revenue slump

ABC has indefinitely suspended "Jimmy Kimmel Live!" after host Jimmy Kimmel's controversial remarks on conservative activist Charlie Kirk's assassination, amplifying a brutal 70-80% viewership plunge that's bleeding broadcasters dry since 2015.

Viewership Plunges Dramatically: Nielsen reports 72% drop in 18-49 demo for Kimmel's show, from 0.68 share in 2013-14 to 0.16 in 2024-25, outpacing Colbert's 0.18 and Meyers' 0.13.
Colbert's Show Faces Ax: CBS parent Paramount plans to cancel "The Late Show with Stephen Colbert" post-current season, amid annual losses exceeding $40 million for the network.
Ad Revenue Halves Sharply: Late-night slots across majors saw earnings tumble from $439 million in 2018 to $220 million last year, per Guideline data, eroding profitability.

Profits Vanish Forever: Analyst deems 2022 the final profitable year for traditional late-night; widening net losses forecast, threatening entire format's viability.

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RFK Jr drops BOMBSHELL at US Senate hearing

RFK Jr just testified before the US senate… And he was NOT holding back.
Angry liberals accused him of boosting conspiracy theorists, crockpots and grifters…

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And now, he’s issued a terrifying new warning that Americans need to hear in 2025.
If you were born before Jan 1st, 1965, THIS affects you most of all.
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Senate makes Charlie Kirk’s birthday a day of national remembrance

In a striking bipartisan nod to conservative activism, the U.S. Senate unanimously passed a resolution Thursday declaring Oct. 14, 2025—Charlie Kirk's birthday—as the National Day of Remembrance, urging Americans to celebrate his fervent push for civic education, faith-driven liberty and robust public discourse.

Resolution Sparks Civic Reflection: Designates single 2025 date for nationwide pause honoring Kirk's role in amplifying conservative voices through debate and education.
Scott Leads Bipartisan Effort: Florida Republican Sen. Rick Scott sponsored measure, securing unanimous passage to spotlight Kirk's enduring legacy in public service.
Encourages Community Engagement: Calls on schools, groups and citizens to host events, prayers and ceremonies promoting democracy, family values and idea exchange.
Personal Tributes Highlight Impact: Scott praises Kirk as magnetic leader, devoted family man and faith-guided patriot inspiring millions in liberty's defense.

Trump scorches Kimmel over why he was fired in brutal post

Disney executives have indefinitely suspended "Jimmy Kimmel Live!" after host Jimmy Kimmel's Monday monologue blasted conservatives for politicizing conservative activist Charlie Kirk's recent assassination, prompting affiliate networks Nexstar and Sinclair to refuse airing the controversial episode amid fierce backlash.

Executives Swiftly Pull Broadcast: CEO Bob Iger and co-chair Dana Walden ordered the suspension starting Wednesday, with no return date set, as Disney monitors fallout from Kimmel's pointed critique of "MAGA gang" exploitation.
Affiliates Fiercely Reject Airing: Nexstar, operating 32 ABC stations, slammed Kimmel's words as "offensive and insensitive," while Sinclair, with 30 stations, demanded an apology and donation to Kirk's family and Turning Point USA.
Trump Celebrates Network Move: President Donald Trump gloated on Truth Social, mocking Kimmel's "zero talent" and dismal ratings compared to rival Stephen Colbert, amplifying the political firestorm.
FCC Signals Tougher Scrutiny: Chairman Brendan Carr vowed stricter oversight of broadcasters' public-interest programming, accusing Kimmel of misleading viewers on Kirk's death and broader Section 230 debates.

Minneapolis Fed President turns up the heat on Powell, calls for more rate cuts

Minneapolis Fed President Neel Kashkari urged two additional interest rate cuts this year after Wednesday's quarter-point reduction, citing a weakening labor market and minimal long-term inflation pressure from tariffs, despite August's core CPI at 3.1%.

Tariffs Minimize Inflation Pressure: Kashkari views proposed tariffs as a likely one-time effect, building confidence for sustained rate easing over the next couple years.
Labor Market Signals Weakness: A softening job market, combined with contained inflation expectations, justifies a "bit easier policy" to support economic stability.
Housing Inflation Shows Easing: Declining pressures in housing costs and wage growth bolster Kashkari's outlook for returning to the Fed's 2% target.
FOMC Meeting Remarkably Smooth: Despite a new Trump appointee's presence, the 11-1 vote on the recent cut revealed no major discord among policymakers.

Multi Crypto ETF goes live as Wall Street kicks off a new age

Grayscale Investments unveiled the U.S.'s first multi-token cryptocurrency ETF on Friday, bundling Bitcoin, Ether, XRP, Solana and Cardano to deliver diversified exposure to over 90% of the digital asset market's value, following swift SEC approval.

Pioneering Multi-Token Launch: Converts 2018 Digital Large Cap Fund into NYSE-traded ETF under ticker GDLC, marking Grayscale's bold entry into crypto indexing.
Weighted Asset Allocation: Dedicates 70% to bitcoin and 20% to ether, with remaining slice spread across XRP, Solana and Cardano for balanced risk.
Robust Performance Edge: GDLC surged over 40% in 2025, outpacing bitcoin by 11% since June, fueled by outperformance from altcoins.
Regulatory Green Light: SEC's Wednesday nod signals accelerating mainstream crypto adoption, amplified by Trump-era policies opening retirement plans to digital assets.