
The 1600
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The summit and the con 📱
Good morning,
It seems highly unlikely this hantavirus thing becomes the next pandemic. But if it does, I'm laying down some ground rules:
I'll be first in line at the PPP loan window this time. No more turning down free money just because it's "morally wrong" or "criminally fraudulent" to steal from the government. If everyone else is getting their beak wet, so am I!
No "virtual hangouts". Do not even think of inviting me to your Zoom Happy Hour. I'll catch you in person on the other side.
Keep calm and buy the Nasdaq.
What else?
Presidents Trump and Xi are currently wrapping up dinner in Beijing, where the first day of the big US-China summit is concluding. The news so far has been Xi's warning to Trump that if the Taiwan issue is "handled poorly", it could lead to an "extremely dangerous situation," as reported by Chinese state media. That shows the tension simmering under the surface of this trip, which has featured groups of excited Chinese schoolchildren following Trump around, jumping up and down and waving little Chinese and American flags. It always makes me chuckle how most world leaders at this point have figured out that the key to getting what you want from our president is to just treat him with the level of respect he thinks he is owed. Big parades, lots of pomp, red carpet greetings, etc. Maybe Democrats could learn from this.
Of note, the readout the White House just sent after the bilateral meeting between the two leaders makes no mention of Taiwan but describes Xi "expressing interest" in buying more US oil and ending the flow of fentanyl precursors, and an agreement that the Strait of Hormuz "must remain open," which it.... isn't. Trump has also shown a bit of uncharacteristic restraint so far, not engaging with shouted questions from the press pool on Taiwan, or posting anything on Truth Social that could overshadow the trip.
But restraint for Trump is always temporary. The bigger test will come tomorrow (tonight) when they get into the harder stuff like trade and technology. For now, it seems both leaders are getting what they came for: Trump gets the optics of a big superpower summit on the kind of grand stage he thinks of as his natural habitat. Xi gets to host a US president while looking like a president-for-life in full control.
Which brings us, naturally, to the Trump phone.
Perhaps no perfect time for Trump to drop his latest scam. "Trump Mobile", the wireless carrier launched by our great telecom visionaries of Don Jr. and Eric, just announced its flagship "T1" smartphone will start shipping this week, after a year of delays and questions about whether it actually exists. Turns out it does! The phone appears to be an Android device with some gold-colored plating bolted on that they’re selling for $500.
The T1 was originally billed as being fully “built in the USA”. But the fine print now says the phone was built with “final assembly in Florida” which is another way of saying it was made in China and is probably available on Temu right now for $30 without the Trump branding. More than 600,000 people already put down a deposit for this thing. Amazing, right? A sucker really is born every minute. The good thing about the Trump phone finally coming out is it'll be a great way to spot a mark from a mile away. If you see someone rocking a gold-plated phone with TRUMP MOBILE printed on the back, you can safely assume they're among the more easily swindled people you'll ever meet.
So, there ya have it. President Trump is in Beijing, toasting our relationship with China, while his sons sell a Chinese-made phone wrapped in fake gold to his most gullible supporters. The summit and the con. Hard to say which one will be looked upon as more consequential.
Carlo Versano is Newsweek's Director of Politics and Culture. He has in-depth knowledge and experience covering a range of topics and stories over a 20-year career in the news business. Carlo joined Newsweek in 2024 after a stint at The Messenger. Before that, he was an Emmy-winning producer at NBC News. He is a graduate of the University of Richmond and the New School. You can get in touch with Carlo by emailing [email protected].
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What Carlo's Reading 📖
Lost Angeles, Spencer Pratt
There Is No Boomer Succession Plan, Aaron M. Renn
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The Big Story

Spencer Pratt’s Celebrity Supporters Aren’t Donating to His Campaign
By Jenni Fink
Spencer Pratt’s bid to become mayor of Los Angeles by ousting Democratic Mayor Karen Bass has become one of the most unconventional—and closely watched—political stories of 2026. Since launching his campaign, Pratt’s gotten support from some big-name celebrities, but only some of those people who have expressed public support for him are actually donating to his mayoral run, according to records reviewed by Newsweek.
What We’re Watching

From the White House
I asked Vice President JD Vance about President Trump’s recent public toying with the idea of a joint Vance/Rubio ticket in 2028.
He actually answered, and engaged with the question. Watch the entire interaction here.
I asked the question during a “Combating Fraud” press conference inside the colorful, squared room with rounded corners known as the Indian Treaty Room inside the Eisenhower Executive Office Building, right next to the White House.
The makeshift briefing room hosted far fewer journalists than the White House briefing room, and only reporters who RSVP’d and were approved by Vance’s team were allowed in.
I sat in the third row since it was the first row without assigned outlet seating, and it paid off.
Several journalists came up to me afterward and told me it was a great question. A Politico correspondent even told me they were writing an article about it. After the press conference, I opened X and saw the moment is being clipped and spreading everywhere, including on Fox News, CBS News, CNN and C-SPAN.
One other notable moment: Dr. Mehmet Oz used the term “undocumented” rather than “illegal immigrants” during the press conference. That stood out to me because I personally have not heard members of the Trump administration use that terminology before.

Leonardo Feldman is a White House Reporter for Newsweek based in Washington, D.C. You can reach him by email here.
From the Newsroom
I'm working on a broader piece into why the 2026 FIFA World Cup risks becoming a financial flop, and what Europe's largest fan advocacy group just told me should alarm U.S. organizers.
Yesterday, I spoke with Ronan Evain, Executive Director of Football Supporters Europe, representing roughly three million fans across 55 UEFA nations. Evain has made his reputation fighting FIFA and corporate organizers for "shamelessly taking advantage of fans" through exploitative ticket pricing and dynamic pricing schemes. European football has bent to his pressure, but American “soccer” just ignored him.
The warning Evain delivered is unsparing: FIFA's ticket strategy doesn't just suppress sales. It tells European travelers the United States sees them as marks, not guests. Profit extraction over fan experience. Take it or stay home.
With four weeks until kickoff, hotel bookings across U.S. host cities sit 20 to 30 percent below forecasts. Visa crackdowns and airfare spikes add friction. But the tickets themselves send the clearest message of all. When the cheapest seats cost six times what they did in past tournaments, FIFA is pricing out the very international audience that justifies hosting a 104-match extravaganza.
For host cities that sank hundreds of millions into security and infrastructure, the revenue shortfall is a reckoning. New York hotels alone now expect to miss over 100 million dollars in anticipated room revenue.
It looks like Chicago made the right call in declining to join this madness.

Jesus Mesa is a Newsweek politics reporter based in New York. You can get in touch with Jesus by email here.
Line of the Day 🗣️
“Chinese restaurants in America today outnumber the five largest fast-food chains in the United States all combined. That's a pretty big statement.”
—President Trump making a toast at a state banquet in China.
One Good Tweet 📱
1600 Podcast
The Millionaire Tech Bro Running Against Millionaire Tech Bros
San Francisco's most consequential congressional race in decades just got a lot more interesting. Saikat Chakrabarti — the man who helped build AOC's political machine — is running for Nancy Pelosi's seat in CA-11, and Silicon Valley is spending millions to stop him.
Chakrabarti isn't running a normal campaign. He's self-funded nearly $5 million, rallied with Hasan Piker, and is openly calling out Democratic Party leadership. Carlo sat down with Chakrabarti to find out why AI lobbies are terrified of him making it to Congress.

Newsweek is part of the Trust Project, which focuses on honesty, accuracy and fairness in journalism. Read more about our best practices. To get in touch with our newsroom with suggestions on how to point out possible errors, please contact us at [email protected].



