Raskin demands donor records, calls tariffs a 'tool for grift'
CNBC reported that Rep. Jamie Raskin wrote to President Trump accusing him of using tariffs as a 'tool for grift' and demanding donor records; Finnhub shows mixed market moves as of Oct 28, 17:45 UTC.
Developing storyOptions traders eye Alphabet and Microsoft ahead of Oct 28 after-hours reports9 reports · latest 35 min agoTimeline →What happened
CNBC reported on Oct 28, 12:00 UTC that Rep. Jamie Raskin wrote to President Trump, saying the president is using tariffs as a "tool for grift" and demanding donor records.
CNBC wrote that the letter came in the final days of a midterm election cycle where government corruption has emerged as a top issue for voters.
Stocks market context
As of Oct 28, 17:45 UTC, Finnhub shows the following prices and moves from the prior close: SPY ETF $770.96 rose 0.17%; QQQ ETF $722.03 rose 0.11%; NVIDIA $216.96 fell 0.45%; Apple $345.69 fell 0.41%; Microsoft $527.22 fell 0.77%; Amazon $252.64 fell 0.18%; Alphabet $325.28 rose 1.47%; Meta Platforms $612.43 fell 1.25%; Tesla $401.63 fell 1.43%; JPMorgan Chase $339.98 rose 1.25%.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $770.96 | +0.17% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $722.03 | +0.11% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| NVIDIA | $216.96 | -0.45% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Apple | $345.69 | -0.41% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Microsoft | $527.22 | -0.77% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Amazon | $252.64 | -0.18% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Alphabet | $325.28 | +1.47% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Meta Platforms | $612.43 | -1.25% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| Tesla | $401.63 | -1.43% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
| JPMorgan Chase | $339.98 | +1.25% | vs prior close | Oct 28, 17:45 UTC | Finnhub |
Related coverage
CNBC also published a preview segment about Alphabet and Microsoft reporting results later today. Reuters reported a decision by the South Korea media commission fining Google and Apple over app payment systems.
- Trump is using tariffs as a 'tool for grift,' Raskin says in demand for donor records — CNBC, Oct 28, 12:00 UTC
- ASM Lifts 2027 Outlook as AI Buildout Fuels Demand For Tools — livemint.com, Oct 27, 19:02 UTC
- South Korea media commission fines Google and Apple over app payment systems — Reuters, Oct 28, 13:04 UTC (also reported by Yahoo)
- Alphabet, Microsoft set to report today: Constellation's Ray Wang on what to expect — CNBC, Oct 28, 07:00 UTC
- Still Holding $48,000 in Cash Inside Your HSA at 61? These 3 ETFs Put It to Work — Yahoo, Oct 28, 10:03 UTC
What to watch
Finnhub lists GOOGL Q3 2026 earnings and MSFT Q1 2027 earnings as scheduled Wed Oct 28 (after the close); AMZN Q3 2026 earnings are scheduled Thu Oct 29 (after the close).
- Wed Oct 28 (after the close) — GOOGL Q3 2026 earnings · EPS estimate 3.11
- Wed Oct 28 (after the close) — MSFT Q1 2027 earnings · EPS estimate 4.82
- Wed Oct 28 (after the close) — F Q3 2026 earnings · EPS estimate 0.41
- Wed Oct 28 (after the close) — TMUS Q3 2026 earnings · EPS estimate 2.97
- Wed Oct 28 (after the close) — FDX Q3 2026 earnings · EPS estimate 3.52
- Thu Oct 29 (after the close) — AMZN Q3 2026 earnings · EPS estimate 2.00
Sources and data
- CNBC (secondary source) — Trump is using tariffs as a 'tool for grift,' Raskin says in demand for donor records
- livemint.com (secondary source) — ASM Lifts 2027 Outlook as AI Buildout Fuels Demand For Tools
- Reuters (secondary source) — South Korea media commission fines Google and Apple over app payment systems
- Yahoo (secondary source) — Still Holding $48,000 in Cash Inside Your HSA at 61? These 3 ETFs Put It to Work
- Finnhub (market data) — market data
Market data as of Oct 28, 17:45 UTC; report generated Oct 28, 17:50 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Tariff
A tax on imported goods, paid by the importer.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- CNBC (secondary, retrieved Oct 28, 2026, 05:52 PM UTC)
- livemint.com (secondary, retrieved Oct 28, 2026, 05:52 PM UTC)
- Reuters (secondary, retrieved Oct 28, 2026, 05:52 PM UTC)
- Yahoo (secondary, retrieved Oct 28, 2026, 05:52 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 05:52 PM UTC)
Market data as of Oct 28, 2026, 05:45 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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