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Trump says Nvidia's Blackwell AI chip not for 'other people' By Alexandra AlperNovember 3, 2025 at 2:10 AM 0 Nvidia GB10 Grace Blackwell Superchip is displayed at the company's GTC conference in San Jose, California, U.S., March 19, 2025. REUTERS/Max A. Cherney By Alexandra Alper (Reuters) Nvidia's advanced Blackwell chip for artificial intelligence would not be available to "other people," U.S. President Donald Trump said Sunday. Nvidia, the world's most valuable company, dominates the market for AI chips.

- - Trump says Nvidia's Blackwell AI chip not for 'other people'

By Alexandra AlperNovember 3, 2025 at 2:10 AM

0

Nvidia GB10 Grace Blackwell Superchip is displayed at the company's GTC conference in San Jose, California, U.S., March 19, 2025. REUTERS/Max A. Cherney

By Alexandra Alper

(Reuters) -Nvidia's advanced Blackwell chip for artificial intelligence would not be available to "other people," U.S. President Donald Trump said Sunday.

Nvidia, the world's most valuable company, dominates the market for AI chips.

Questions have swirled about whether Trump would allow shipments of a version of the Blackwell to China since August, when he suggested he might allow sales of a scaled-down version of Nvidia's next-generation advanced GPU chip in China.

However, Trump's remarks to reporters aboard Air Force One suggest his administration may not be inclined to grant broad overseas access to the prized chip.

"The new Blackwell that just came out, it's 10 years ahead of every other chip," Trump said as he flew to Washington after a weekend in Florida. "But no, we don't give that chip to other people," he added.

The possibility that Blackwell chips might be sold to Chinese firms has drawn criticism from China hawks in Washington, who fear the technology would supercharge China's military capabilities and accelerate its AI development.

Republican Congressman John Moolenaar, who chairs the House Select Committee on China, said such a move "would be akin (to) giving Iran weapons-grade uranium."

Trump had hinted he might discuss the chips with Chinese President Xi Jinping ahead of their summit in South Korea last week, but ultimately said the topic did not come up.

Nvidia CEO Jensen Huang said last week that Nvidia has not sought U.S. export licenses for the Chinese market because of Beijing's stance on the company.

"They've made it very clear that they don't want Nvidia to be there right now," he said during a developers' event, adding that it needed access to China to fund U.S.-based research and development.

Nvidia said on Friday that it would supply more than 260,000 Blackwell AI chips to South Korea and some of the country's biggest businesses, including Samsung Electronics.

(Reporting by Alexandra Alper and Jasper Ward; Editing by Sergio Non and Himani Sarkar)

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Fed fallout, missing jobs numbers, and a busy earnings calendar: What to watch this week Jake Conley · Breaking Business News Reporter Sun, November 2, 2025 at 8:38 PM GMT+1 9 min read In this article: ^SPX ^IXIC After one of the busiest weeks of the year, another jampacked week awaits investors, with a rush of corporate earnings set to greet investors in the first week of November, as just over eight weeks remain in 2025. Stocks finished last week on a high note, with earnings out of Amazon (AMZN) late Thursday lifting tech stocks into the weekend and capping off a more than 2.

Fed fallout, missing jobs numbers, and a busy earnings calendar: What to watch this week

Jake Conley · Breaking Business News Reporter Sun, November 2, 2025 at 8:38 PM GMT+1 9 min read

In this article: ^SPX

^IXIC

After one of the busiest weeks of the year, another jam-packed week awaits investors, with a rush of corporate earnings set to greet investors in the first week of November, as just over eight weeks remain in 2025.

Stocks finished last week on a high note, with earnings out of Amazon (AMZN) late Thursday lifting tech stocks into the weekend and capping off a more than 2.5% gain for the tech-heavy Nasdaq (^IXIC) last week. The S&P 500 (^GSPC) and Dow (^DJI) both rose a more modest 1%.

The Federal Reserve cut interest rates, as expected, and President Trump's meeting with his Chinese counterpart, Xi Jinping, in South Korea saw trade tensions further ease between the two nations.

In the week ahead, the AI trade will remain front and center for investors, with Palantir (PLTR), AMD (AMD), Supermicro (SMCI), and Constellation Energy (CEG) all set to report quarterly results. Dozens of other names in the S&P 500 are also expected to report.

On the economic data side, the ongoing government shutdown will likely delay the monthly jobs numbers for a second straight month, making Wednesday's monthly private payrolls figures from ADP the week's biggest labor market update.

Updates on activity in the manufacturing and services sectors from the Institute for Supply Management and S&P Global will be the week's other key highlights, along with a preliminary look at consumer sentiment in November from the University of Michigan due out Friday.

Signage for a job fair is seen on Fifth Avenue after the release of the jobs report in New York City on Sept. 3, 2021. (Reuters/Andrew Kelly/File Photo) · Reuters / Reuters 'Far from it'

A quarter-point cut was widely expected at the October Fed meeting.

The "real fireworks," Bank of America analysts noted, came afterward, in Fed Chair Jay Powell's press conference, where he said that another cut in December is "not a foregone conclusion, far from it."

"The FOMC wasn't as dovish as markets had hoped last night when Jerome Powell poured cold water on those expecting another 25bps cut in December to be a done deal," Capital.com analyst Daniela Hathorn said. "The statement knocked some wind out of the risk-on mood in markets."

To make matters worse, the Fed officials continue to face a near-total lack of economic data on which to base their outlook.

BNP Paribas analysts "continue to expect ongoing rate cuts, including at the December meeting," while Bank of America analysts "remain comfortable with our view that the Fed will not cut rates again under Chair Powell." Though both banks agreed that the process is only getting more contentious.

Read more: How jobs, inflation, and the Fed are all related

Story Continues

"This clearly will likely be a rowdy and disorderly process, with Powell having less control over the FOMC and regional Reserve Bank voters increasingly vocal in their disagreement," BNP analysts wrote.

Last week's decision also saw dissents on both sides, with Fed governor Stephen Miran calling for a 50 basis point cut, while Kansas City Fed president Jeff Schmid called for no movement. On Friday, Schmid was joined by at least three of his colleagues in questioning the need for a cut, and markets appear to be taking this dissent seriously — as of Friday afternoon, traders were pricing in just a 63% probability of another quarter-point cut at the Fed's December meeting. Those odds had been closer to 95% a week ago.

"By implication, that's also pushback against the prospect of a Fed that is set to aggressively and profoundly cut the Fed Funds target rate into 2026, as well, at least while he's around," Macquarie analysts wrote.

How much impact all of this will have on the stock market is hard to predict. As BofA analysts noted, November is traditionally a high-performing month for stocks: "Buy Halloween or Christmas Eve as it tends to pay for a NYE celebration," the analysts wrote.

Federal Reserve Chair Jerome Powell speaks at a news conference after the Federal Open Market Committee meeting on Oct. 29 at the Federal Reserve Board Building in Washington, D.C. (AP Photo/Manuel Balce Ceneta) · 'We have a deal'

On Thursday, President Trump and the administration's trade negotiators emerged from long-awaited talks with Beijing and declared, "We have a deal," with terms covering everything from rare earth metals and soybeans to fentanyl and port fees.

"Zero to 10, with 10 being the best, I'd say the meeting was a 12," Trump said to a press gaggle on Air Force One shortly after the meeting.

Now, the question will be what sticks.

When Trump and Xi signed their original "Phase One" agreement in 2020, the two world leaders agreed that in return for Chinese purchases of $200 billion of American goods and services, the US would suspend some of its tariff rates.

Read more: 5 ways to tariff-proof your finances

Over the next year, China purchased just a bit over half of the value it had committed to purchasing, and the US kept many of its tariffs on Chinese goods in place. Two years later, the US had expanded a ban on investments in companies linked to the Chinese military, and the World Trade Organization authorized China to implement retaliatory tariffs on the US.

This time around, the deal between Washington and Beijing is once again wide-ranging and comes with several goals.

The US has promised to halve its fentanyl-related tariffs on China, lowering the overall tariff rate on China from 57% to 47%, while Beijing has committed to holding off on its rare earth export controls for at least a year, among other policies.

Trump also told reporters that China has agreed to buy 25 million tons of US soybeans annually over each of the next three years, a welcome development for a US agricultural industry that has been crippled by China's pause in soybean purchases.

Bank of America wrote in a recent note that the deal "reduces tail risks for both economies." But Macquarie analysts noted that several key topics, including TikTok and Taiwan, were left unaddressed.

"Several items were left out," Macquarie analysts wrote. "That means that the deal is not 'comprehensive,' but largely reestablishes the status quo from the early summer."

Market reactions to the deal framework, announced only shortly after the Federal Reserve's decision to cut rates, were largely mixed. One big question remains to be answered: Will Nvidia (NVDA) be allowed to sell its highest-quality Blackwell chips to Chinese customers? Trump said the issue wasn't discussed.

How this and other key questions get answered, and what parts of the framework announced Thursday really stick, will be key questions for investors going forward.

President Trump and Chinese President Xi Jinping shake hands after their US-China summit meeting at Gimhae International Airport in Busan, South Korea, on Oct. 30. (AP Photo/Mark Schiefelbein) ·

Economic and earnings calendar

Monday

Economic data: S&P global manufacturing PMI, October final reading (52.2 previously); ISM manufacturing, October, (49.2 expected, 49.1 previously); ISM prices paid, October (61.9 previously); ISM new orders, October (48.9 previously); ISM employment, October (45.3 previously); Construction spending, month-on-month, September; Wards total vehicle sales, October (15.5 million expected, 16.4 million previously)

Earnings calendar: Palantir (PLTR), Vertex Pharmaceuticals (VRTX), The Williams Companies (WMB), Simon Property Group (SPG), Realty Income Corporation (O), IDEXX Laboratories (IDXX), Ares Management (ARES), Diamondback Energy (FANG), PSEG (PEG), Ryanair (RYAAY), ON Semiconductor (ON), Loews Corporation (L), BWX Technologies (BWXT), Coterra Energy (CTRA), Lattice Semiconductor (LSCC), Hims & Hers (HIMS), Vornado Realty Trust (VNO)

Tuesday

Economic data: JOLTS job openings, September (7.2 million expected, 7.2 million previously)

Earnings calendar: AMD (AMD), Shopify (SHOP), Uber (UBER), Arista Networks (ANET), Amgen (AMGN), Eaton Corporation (ETN), Pfizer (PFE), Spotify (SPOT), BP (BP), Ferrari (RACE), Marriott International (MAR), Apollo Global Management (APO), Thomson Reuters (TRI), Zoetis (ZTS), Marathon Petroleum (MPC), Coupang (CPNG), Axon Enterprises (AXON), Aflac (AFL), Suncor Energy (SU), Exelon (EXC), Yum! Brands (YUM), Live Nation Entertainment (LYV), Supermicro Computer (SMCI), Archer-Daniels-Midland (ADM), Kinross Gold Corporation (KGC), Broadridge Financial Solutions (BR), Leidos (LDOS), Pinterest (PINS), TPG (TPG), Toast (TOST), Global Payments (GPN), Rivian (RIVN), Molson Coors (TAP)

Wednesday

Economic data: MBA mortgage applications, week ended October 31 (7.1% previously); ADP employment change, October (+27,000 expected, -32,000 previously); S&P Global US services PMI, October final reading (55 expected, 55.2 previously); S&P Global US composite PMI, October final reading (54.8 previously); ISM services index, October (50.7 expected, 50 previously); ISM services prices paid, October (69.4 previously); ISM services new orders, October (50.4 previously); ISM services employment, October (47.2 previously)

Earnings calendar: Toyota (TM), Novo Nordisk (NVO), McDonald's (MCD), AppLovin (APP), Qualcomm (QCOM), Arm Holdings (ARM), Robinhood (HOOD), DoorDash (DASH), Snap (SNAP), McKesson (MCK), Emerson Electric (EMR), Fortinet (FTNT), Sempra (SRE), Energy Transfer (ET), MetLife (MET), AllState (ALL), Cameco Corporation (CCJ), Fair Isaac (FICO), Humana (HUM), Targa Resources (TRGP), Fidelity (FIS), Iron Mountain (IRM), Atmos Energy (ATO), HubSpot (HUBS), Formula One Group (FWONK), Figma (FIG), Teva Pharmaceuticals (TEVA), IonQ (IONQ), Talen Energy (TLN), TKO Group (TKO), Performance Food Group (PFGC), Royal Gold (RGLD), Joby Aviation (JOBY), Duolingo (DUOL), Albemarle (ALB)

Thursday

Economic data: Challenger job cuts, year-on-year, October (-25.8% previously); Nonfarm productivity, third quarter preliminary reading (+4% expected, +3.3% previously); Unit labor costs, third quarter preliminary reading (+0.8% expected, +1% previously); Initial jobless claims, week ended Nov. 1 (225,000 expected)

Earnings calendar: AstraZeneca (AZN), ConocoPhillips (COP), Airbnb (ABNB), Monster Beverage (MNST), Vistra (VST), EOG Resources (EOG), Datadog (DDOG), Warner Bros. Discovery (WBD), Block (XYZ), Wheaton Precious Metals (WPM), Consolidated Edison (ED), Kenvue (KVUE), Expedia Group (EXPE), The Trade Desk (TTD), Tapestry (TPR), Affirm Holdings (AFRM), Ralph Lauren (RL), Evergy (EVRG), Alliant Energy Corporation (LNT), US Food (USFD), News Corp. (NWS), DraftKings (DKNG), Hyatt Hotels (H), Wynn Resorts (WYNN), MP Materials (MP), Texas Roadhouse (TXRH), Moderna (MRNA), Avidity Biosciences (RNA), Dropbox (DBX), Planet Fitness (PLNT), Soundhound AI (SOUN), H&R Block (HRB), Nexstar Media Group (NXST), NuScale Power (SMR), Opendoor Technologies (OPEN), Oscar Health (OSCR), Grindr (GRND), PENN Entertainment (PENN), Warby Parker (WRBY), Hanesbrands (HBI), USA Rare Earth (USAR), Ivanhoe Electric (IE), Under Armour (UAA), Lionsgate Studios (LION)

Friday

Economic data: October jobs report, expected to be delayed by US government shutdown; University of Michigan sentiment, November preliminary reading (53 expected, 53.6 previously); New York Federal Reserve 1-year inflation expectations, October (3.38% previously), Consumer credit, September ($11 billion expected, $0.36 billion previously)

Earnings calendar: Constellation Energy (CEG), KKR (KKR), Enbridge (ENB), Duke Energy (DUK), Brookfield Asset Management (BAM), Ubiquiti (UI), Honda Motor (HMC), TELUS Corporation (TU), MarketAxess Holdings (MKTX), Trump Media & Technology Group (DJT), Algonquin Power & Utilities (AQN), Diginex (DGNX), Six Flags Entertainment (FUN), Soho House (SHCO), Wendy's (WEN)

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Why you can trust us We may earn money from links on this page, but commission does not influence what we write or the products we recommend. AOL upholds a rigorous editorial process to ensure what we publish is fair, accurate and trustworthy.&xa0; Think your property tax is too high? 6 steps to appeal your bill — and win Kat Aoki November 2, 2025 at 4:29 PM 5 Think your property tax is too high? 6 steps to appeal your bill — and win (katesept2004 via Getty Images) Here's something most homeowners don't realize: Property tax appeals succeed more often than you'd think.

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We may earn money from links on this page, but commission does not influence what we write or the products we recommend. AOL upholds a rigorous editorial process to ensure what we publish is fair, accurate and trustworthy. 

Think your property tax is too high? 6 steps to appeal your bill — and win

Kat Aoki November 2, 2025 at 4:29 PM

5

Think your property tax is too high? 6 steps to appeal your bill — and win (kate_sept2004 via Getty Images)

Here's something most homeowners don't realize: Property tax appeals succeed more often than you'd think. We're talking success rates between 40% and 60% in some areas.

Yet only 5% of homeowners bother to challenge their assessment, according to the National Taxpayers Union Foundation.

Right now, there's an especially strong case for appealing: Average property taxes have jumped 18% over the past five years, and many homeowners are seeing pandemic-era home value spikes reflected in their assessments — sometimes years after the market started cooling.

If you're eyeing your tax bill thinking This can't be right, you actually might be onto something. Challenging your property tax doesn't require a lawyer or deep pockets — just the right approach.

First things first: Should you appeal your property taxes?

Nobody wants to waste time on paperwork that won't pay off, here are signs your assessment is worth challenging. If you spot any of these issues, odds may be in your favor:

Your assessment is way above what you paid. If you bought your house in the past year or two and the assessor's number is significantly higher than your purchase price, you've probably got a solid case.

Your neighbor's homes are selling for less. If comparable homes near you sell for notably less than your assessed value, you also have a reason to go to bat with your local tax office.

Your home has major issues the assessor doesn't know about. Foundation cracks or a damaged roof from a storm that passed through? If serious problems aren't reflected in your assessment, you're likely being overcharged.

Your neighborhood took a hit — but taxes didn't. Maybe a major employer left town or values dropped for other reasons. If assessments haven't adjusted, it's time to fight back.

🎯 Expert tip: Google "[your county name] property assessor" to find information about your property tax. This search should pull up your local assessor's website, where you can search your property record, see your current assessment and compare it to similar homes in your area.

🔍 Read more: Big tax changes are coming: 13 rules that may boost your refund — or shrink it

Step 1: Know exactly what you're challenging

Your property tax bill breaks down into two parts:

Assessed value — what the county says your home is worth for taxable purposes

Tax rate — the percentage of taxes applied to that value

You can appeal the assessed value, but you can't challenge the tax rate. That's set by your city or county — and you're stuck with it.

Pull out your assessment notice and look for the "assessed" or "taxable" value. That's the number you're challenging. Most counties reassess properties every few years, though some do it annually.

Author's note: When I called my local assessor's office, I discovered my property was already assessed at 85% of market value — a built-in discount in my county. My taxes were still high, but appealing the assessed value wouldn't have helped. The tax rate was the real culprit. It's worth checking if your area uses a similar assessment before you spend time on an appeal.

🔍 Read more: Private jets, pools and pups: 7 wild tax deductions the IRS actually allows

Step 2: Gather your evidence

This is where you build your case. You need to prove your home is overvalued by showing what similar homes are worth. The good news? Most of this information is free and takes just an hour or two to collect.

Your evidence checklist:

✅ Use sites like Zillow, Redfin or Realtor.com to find three to five comparable sales from the past 6 to 12 months — simply enter your ZIP code and sort by Sold.

✅ Compare your home's assessed value to similar homes in your neighborhood. And search your county's assessor's site to see what those homes are currently assessed at. (Remember: Property records are public.)

✅ Take photos of damage and needed repairs that aren't reflected in the assessment but might lower your home's value — and get professional estimates if you can.

✅ Check your home's property card for wrong square footage, incorrect lot size or other errors that can throw off your valuation.

✅ Get a free market analysis from a local real estate agent. It's not required, but adds credibility to your appeal.

🎯 Expert tip: Focus on actual sales prices, not listing prices. A home listed at $400K that sold for $375K is a $375K comp. And the closer the sale date to your assessment date, the stronger your case — a sale from two months ago beats one from a year ago.

🔍 Read more: 6 surprising tax breaks every pet owner should know about

Step 3: File your appeal — and on time

You typically have around 30 days from when you receive your property tax notice to file an appeal. Miss this window, and you won't be able to appeal until next year.

Most offices let you file online, though ask — you might live in one of the few areas that still require paper forms. Use the form to break down why your property tax bill is wrong and introduce your evidence.

Yes, it's annoying, but expect to pay a filing or admin fee to appeal. Depending on where you live, that fee can range from $30 to $150. Consider it an investment.

🔍 Read more: 6 ways for older Americans to save on home insurance (that can work for you too)

Step 4: Build a compelling case

Some jurisdictions decide appeals based on the information you submit in writing. Others might require an informal review or formal hearing, where you'll present your case in person.

If you're presenting in person, keep it simple and focused on facts. This isn't the time to rant about high taxes or the government in general — stick to why your specific assessment is too high. Bring along printed copies of comparable sales, photos and evidence.

The key is staying calm and polite. Review board members are just regular folks doing their jobs.

🔍 Read more: States that still tax retirees' Social Security benefits (plus 1 that's quitting in 2026)

Step 5: Practice patience while you wait

After filing your appeal, the timeline varies widely. Some decisions come in a few weeks, while others can take several months, especially if there's a backlog or your case requires an in-person hearing.

If you win, your assessed value is reduced and your tax bill drops. Some jurisdictions apply the reduction retroactively, meaning you might get a refund or credit for taxes you've already paid at the higher rate. Ask your assessor's office how they handle successful appeals so you know what to expect.

If you lose, you still have options. Most states allow you to file a grievance with the taxation department, an independent review board or even the state court. This is when you might want to call in a professional who understands higher-level appeals.

🔍 Read more: How to recession-proof your home: 6 expert tips you should know

Step 6: Know when to bring in the pros

If your appeal is denied and you're convinced you're right, it might be time to bring in a property tax consultant or real estate attorney. Professional help can be especially valuable if you own high-value property, the amount you're disputing is significant or your home is unique enough from the others in your neighborhood.

Many of these experts work on contingency — meaning you pay them if they're able to successfully lower your taxes. The fee is usually a percentage of your first year's savings, typically around 30% to 50%.

Before hiring a professional, confirm they're licensed or certified with your state's tax assessor's office. Take a look at reviews and success rates. And get everything in writing.

🔍 Read more: 10 best places for Americans to retire abroad in 2025

The bottom line: Your property bill isn't set in stone

Nobody wakes up excited to challenge their property taxes. But if you're overpaying by even $500 a year, that's $5,000 over a decade — real money better spent on home improvements, necessary repairs or an emergency fund.

Think of it this way: If your appeal is denied, your assessment stays right where it is. No harm, no full.

In rarer cases, your assessment can increase. But that's typically only if the assessor uncovers features like an in-ground swimming pool that were previously overlooked and you now have to pay tax on that added value.

That's why it's important to do your research and have a solid case before filing. And don't be afraid to bring in a professional to advocate for you. Good luck!

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The rich can now write off a jet in full. Don't you deserve one too?

About the writer

Kat Aoki is a finance writer who's written thousands of articles to empower people to better understand technology, fintech, banking, lending and investments. Her expertise has been featured on sites like Lifewire and Finder, with bylines at top technology brands in the U.S. and Australia. Kat strives to help consumers and business owners make informed decisions and choose the right financial products for their needs.

Article edited by Kelly Suzan Waggoner

📩 Have thoughts or comments about this story — or ideas on topics you'd like us to cover? Reach out to our team at [email protected].

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You Can Own Bill Gates' Former Florida Mansion — If You Have $23.5 Million Gabrielle OlyaNovember 2, 2025 at 7:05 PM 0 ©Zillow Want to live like billionaire Bill Gates? His former waterfront mansion in Jupiter, Florida, is now on the market for $23.5 million, according to USA Today. But with that price tag, you might need to be a billionaire yourself to afford it.

- - You Can Own Bill Gates' Former Florida Mansion — If You Have $23.5 Million

Gabrielle OlyaNovember 2, 2025 at 7:05 PM

0

©Zillow

Want to live like billionaire Bill Gates? His former waterfront mansion in Jupiter, Florida, is now on the market for $23.5 million, according to USA Today. But with that price tag, you might need to be a billionaire yourself to afford it.

Find Out: If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?

Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their Money

Here's a closer look at what that eight-figure price will get you.

©Zillow

Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move?

A Waterfront Estate With Private Dock and Panoramic Views

Located at 100 Harbor Way, the four-bedroom, nine-bathroom, 9,458-square-foot home sits on 200 feet of prime waterfront. It features a private dock with a boat lift that can support vessels up to 30,000 pounds, plus an additional boat slip. Nearly every room offers sweeping water views.

Learn More: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at the Same Rate as the Middle Class

©ZillowLuxury Living and Entertaining

The home includes an indoor pool with a heated spa, a spacious patio with an outdoor kitchen, and a professionally designed chef's kitchen outfitted with SubZero and Wolf appliances.

©ZillowA Primary Suite Built for Comfort

The luxurious primary suite includes two separate bathrooms with a steam shower and a jetted tub. In addition to custom closets, the suite has its own bar area with an ice machine and an under-sink refrigerator.

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This article originally appeared on GOBankingRates.com: You Can Own Bill Gates' Former Florida Mansion — If You Have $23.5 Million

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'SNL' spoofs Trump's ballroom and White House East Wing demolition Brendan Morrow, USA TODAY November 2, 2025 at 3:59 PM 1.6k "Saturday Night Live" is taking on the White House's new look. A prerecorded sketch on the show's Nov. 1 episode parodied President Donald Trump's controversial demolition of the East Wing of the White House to make room for a 90,000squarefoot ballroom. The sketch depicted a "very special episode" of HGTV's "Property Brothers," with Miles Teller playing twin hosts Drew and Jonathan Scott as they are hired to build Trump's $300 million ballroom.

- - 'SNL' spoofs Trump's ballroom and White House East Wing demolition

Brendan Morrow, USA TODAY November 2, 2025 at 3:59 PM

1.6k

"Saturday Night Live" is taking on the White House's new look.

A pre-recorded sketch on the show's Nov. 1 episode parodied President Donald Trump's controversial demolition of the East Wing of the White House to make room for a 90,000-square-foot ballroom. The sketch depicted a "very special episode" of HGTV's "Property Brothers," with Miles Teller playing twin hosts Drew and Jonathan Scott as they are hired to build Trump's $300 million ballroom.

In the sketch, the brothers describe working with Trump (James Austin Johnson) on the remodeling, with Jonathan Scott saying they asked him "if he needed a permit," to which the president laughed and responded, "I could build this ballroom with the bones of my enemies and no one could stop me."

'SNL' takes on NYC mayoral debate: Host Miles Teller plays Andrew Cuomo in cold open

Drew Scott also explains he "told Donald that our No. 1 priority was to preserve the historic nature of the building," only for Trump to send him a GIF of the White House blowing up in "Independence Day."

Trump is shown repeatedly enlarging the ballroom on a computer model and making a board with visual inspirations, including Jabba the Hutt's palace from "Star Wars: Return of the Jedi." The sketch also mocked Trump for paving over the Rose Garden, with Jonathan Scott saying it now looks like "outdoor seating at an Olive Garden."

James Austin Johnson as President Donald Trump and Chloe Fineman as first lady Melania Trump on "Saturday Night Live" on Nov. 1, 2025.

Johnson's Trump ultimately declares his ballroom will be "ready just in time for my third term" because he's "not leaving" and will be "doing something called coup!" The sketch ends with Jonathan and Drew Scott going to Trump to get paid, only for the president to call in ICE agents to arrest them because they're Canadian.

Join our Watch Party! Sign up to receive USA TODAY's TV and movie recommendations right in your inbox

Trump's demolition of the East Wing of the White House was also parodied this week on "South Park." In a special Halloween episode, Trump tearing down the East Wing unleashes a vengeful spirit, leading members of his administration to hold a seance.

A recent Washington Post-ABC News-Ipsos poll found 56% of Americans oppose Trump's East Wing demolition and plans to construct a ballroom, with only 15% saying they "strongly support" it. Trump has said he is using private donations to pay for the project.

'South Park' skewers Pam Bondi: New episode also mocks Trump's East Wing demolition

Teller hosted the episode of "Saturday Night Live," which opened with a sketch parodying the New York City mayoral election, starring Teller as Andrew Cuomo, Ramy Youssef as Zohran Mamdani and Shane Gillis as Curtis Sliwa.

Contributing: Joey Garrison, USA TODAY

This article originally appeared on USA TODAY: 'SNL' mocks Trump's White House East Wing demolition for ballroom

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Published: November 03, 2025 at 04:09AM on Source: LEX MAG

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