Another foreign company brings business back to the U.S., Congress ramps up pressure on a judge standing in the way of Trump’s deportation agenda, and Disney’s once magical touch seems to be lacking from the new Snow White. Get the facts first with Morning Wire.Old Glory Bank: Go to https://oldglorybank.com/wire today to open your account and put your money in the hands of people you can ACTUALLY trust.The Candle Club: Live Free & Smell Fancy with The Candle Club: https://thecandleclub.com/morningwire
Chapter 1: How is foreign investment impacting the U.S. economy?
Another foreign company makes a massive investment in the U.S., bringing manufacturing and jobs back to the states.
With this, our U.S. vehicle production will exceed 1 million units per year. How have Trump's tariffs played into these decisions?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, March 25th, and this is Morning Wire.
The White House and Congress ramp up pressure on a judge standing between the Trump administration and its deportation agenda.
He's the judge who was part of the whole Trump-Russia FISA court, granting those warrants that allowed the Comey FBI to spy on President Trump's campaign.
And audiences across the country are disenchanted by Disney's live-action Snow White as the remake bombs at the box office.
Disney shareholders ought to be infuriated and demanding answers on where nearly $400 million of capital went for Snow White.
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Chapter 2: What role do tariffs play in U.S. manufacturing strategies?
South Korean car manufacturer Hyundai announced Monday that they'd be investing more than $20 billion in the U.S. to build new steel and auto plants.
Daily Wire senior editor Cabot Phillips is here with the details. So Cabot, a story that's become a little bit routine recently. Foreign companies investing in the United States. What's the latest?
Yeah, Hyundai joining the long list of companies pouring billions of dollars into American manufacturing, otherwise known as onshoring. On Monday, the South Korean auto giant announced a nearly $21 billion investment in the U.S., For context, that is equal to the total amount they've invested here since 1986. As part of that effort, they'll be building a $6 billion steel plant in Louisiana.
That'll employ more than 1,400 Americans. The company currently has two major auto plants on American soil. Now it will be three. They're opening a third in Georgia, which will create another 8,000 jobs. Hyundai's executive chair, Yu-Sung Chung, appeared alongside President Trump at the White House Monday to break the news.
With your leadership, Mr. President, Hyundai Motor Group is proud to be a stronger partner in America's industrial future.
As we've discussed, President Trump has already implemented 25% tariffs on steel and aluminum imports, and additional levies are coming on Asian auto imports. So Hyundai is certainly looking to save money. As Hyundai Motor CEO Jose Munoz put it, the best way for Hyundai to navigate tariffs is to increase localization, aka manufacturing cars here in America.
For his part, President Trump has argued all along that his tariffs were intended to pressure foreign businesses to do just that. Here he is yesterday.
This investment is a clear demonstration that tariffs very strongly work, and I hope other things also, but the tariffs are bringing them in at levels that have not been witnessed.
Last month, Apple announced it was pouring $500 billion into new American manufacturing projects. Before that, Japan's SoftBank announced $100 billion investment. Asian chip manufacturer Taiwan Semiconductor is pouring $100 billion of their own to build high-tech chips in America. United Arab Emirates announced a 10-year, $1.4 trillion investment. The list goes on and on.
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Chapter 3: Why is Disney's Snow White remake failing at the box office?
Homan and Immigration and Customs Enforcement have accused the state of releasing aliens like these back onto the streets after having them in custody. Boston Mayor Michelle Wu denied that during an appearance to Congress, but a local news investigation turned up evidence to support Homan and ICE's claims.
According to CBS Boston, multiple violent felons have been released from custody despite having ICE detainers placed on them. That includes a Guatemalan national charged with three counts of aggravated child rape and a Honduran charged with assault to rape, battery, and other counts.
Really shocking that these characters were released back into the streets in Massachusetts. Tim, thanks so much for reporting. Thanks for having me. After a year of delays, Disney's latest live-action remake, Snow White, has disappointed at the box office. The film, once poised to be a crown jewel in Disney's lineup, has instead become a cautionary tale.
Here with more is Daily Wire culture reporter, Megan Basham. So Megan, first off, the box office, just how bad were the numbers for Snow White?
Well, I'll tell you, the words epic flop come to mind. It opened to a dismal $43 million domestically and only $87 million worldwide. And that's against a reported $270 million budget. So the numbers are still being finalized, but what that means is it's vying for the title of worst opening for a Disney live action remake ever.
All weekend, people were posting viral videos of empty theaters for this film and investors seem to be watching closely. Disney stock dipped 3% Monday morning. So why did audiences reject it? Well, I would say that the overarching theme here is that Disney took a classic tale of romance and true love, and they turned it into one of self-empowerment.
Now, a lot of people have been pointing the finger at lead actress Rachel Zegler for her political commentary, things like saying after the election that she hopes Trump supporters never know peace, and then also comments on the red carpet like this from last year.
You know, the original cartoon came out in 1937, and very evidently so. There is a big focus on her love story with a guy who literally stalks her. Yeah. Weird, weird. Super weird. So we didn't do that this time.
But I want to defend her a little bit because while this was off-putting to a lot of people, it is actually the content of the film, so she wasn't misrepresenting it. One of the most iconic songs of the original, Someday My Prince Will Come, that was cut. Instead, Disney offered a new song that's about not needing a prince for rescue.
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