SkyBridge Capital founder Anthony Scaramucci said Monday that President Donald Trump is heading into the midterms with the lowest approval rating in modern presidential history, accusing him of seeking to cause chaos and hurt people.
Calls Trump a ‘Menace’
In a post on X, Scaramucci said that Trump wants attention and to “cause chaos, and hurt people,” calling him “a menace.”
He argued that the 25% to 30% of Americans still backing Trump are “people in pain” who feel relief when he hurts others.
“The numbers don’t lie though,” Scaramucci said, adding that Trump is going into the midterms with the “lowest approval rating in modern presidential history.”
Canada Tariff Talks ‘Gathering Steam‘
Scaramucci said 70% of Americans oppose the trade war with Canada, which he argued is hammering states like Wisconsin and Michigan that send enormous amounts of goods north of the border.
The U.S. and Canada are working on a deal to ease tariffs on Canadian steel and autos, Reuters reported, with one Canadian source saying an agreement was possible before Nov. 3.
The White House and the Canadian government did not immediately respond to Benzinga’s request for comment.
On Friday, Trump exempted certain Canadian plywood, paper products and machinery from the 50% tariffs imposed in August, effective Oct. 30.
Cost of Living Dominates Midterm Run-Up
Cost of living is the top issue for many Americans heading to the polls Nov. 3.
A Washington Post/ABC News/Ipsos poll this month put Trump’s approval at 33%, a record low for the survey, and at 28% on the economy, down from 33% in July.
About 71% of voters called gasoline unaffordable, as prices have shot up at the pumps since the war with Iran began.
The national average for regular gasoline was $4.2858 a gallon on Monday, up from $3.0532 a year ago, according to the American Automobile Association. Diesel averaged $6.3492 compared to $3.6616 a year ago.
Betting odds on Polymarket favor Democrats in both chambers with 92% for the House and 66% for the Senate.
Price Action: The United States Oil Fund (NYSE:USO) closed 1.95% lower at $ 166.23 on Monday and fell 0.93% to $164.69 in overnight trading, according to Yahoo Finance.
Benzinga Edge rankings indicate the United States Oil Fund has a Momentum score in the 96th percentile.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Al Teich / Shutterstock.com
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