WASHINGTON (AP) — President-elect Donald Trump said Wednesday that he's picking Kari Lake as director of Voice of America, installing a staunch loyalist who ran unsuccessfully for Arizona governor and a Senate seat to head the congressionally funded broadcaster that provides independent news reporting around the world.
Lake, an immigration hard-liner, was a television news anchor in Phoenix for nearly three decades until she left in 2021 after making a series of controversial statements on social media, including sharing COVID-19 misinformation during the pandemic.
Telegenic, engaging and adept at communicating, Lake launched her political career a short time later, quickly building a loyal following and national profile as she sparred with journalists and echoed Trump in her sharp criticism of what she called the “fake news.”
In a statement, Trump said Lake would be ultimately be appointed by and work closely with the head of the U.S. Agency for Global Media for his incoming administration, “who I will announce soon.”
He said Lake will “ensure that the American values of Freedom and Liberty are broadcast around the World FAIRLY and ACCURATELY, unlike the lies spread by the Fake News Media.”
The president-elect has in the past been a fierce critic of Voice of America, including saying in 2020 that “things they say are disgusting toward our country.”
The broadcaster drew additional criticism during Trump’s first term for its coverage of the early days of the coronavirus pandemic, with a White House publication, the "1600 Daily” email summary of news and events, accusing it of using taxpayer money “to speak for authoritarian regimes.” That was after VOA covered the lifting of lockdowns in the Chinese city of Wuhan, where the virus first emerged.
VOA was founded during World War II, and its congressional charter requires it to present independent news and information to international audiences. It responded to Trump’s criticism by defending its coverage.
Upon taking office in January 2021, President Joe Biden’s administration swiftly removed a number of senior officials aligned with Trump from VOA and positions affiliated with it.
Lake endeared herself to Trump through her dogmatic commitment to the falsehood that both she and Trump were the victims of election fraud. She has never acknowledged losing the gubernatorial race and called herself the “lawful governor” in her 2023 book, “Unafraid: Just Getting Started.”
Lake continued her unsuccessful fight in court to overturn it even after beginning her run for Senate — which she lost by an even higher margin last month, after trying to moderate her tone during her tone but struggling to keep a consistent message on thorny topics, including election fraud and abortion.
Trump nonetheless considered her for his vice presidential running mate before deciding on JD Vance.
Also Wednesday, Trump announced Leandro Rizzuto as his choice to be the U.S. ambassador to the Washington-based Organization of American States, and said he wanted Florida personal injury attorney Dan Newlin to be his administration's ambassador to Colombia.
He also picked Peter Lamelas, a physician and the founder of one of Florida's largest urgent care companies, to be the U.S. ambassador to Argentina. Lamelas is also a large donor to the past campaigns of Trump and other top Republicans.
Cooper reported from Phoenix.
FILE - Kari Lake, Republican candidate for Senate in Arizona, speaks to supporters at a campaign event, Sept. 4, 2024, in Mesa, Ariz. (AP Photo/Ross D. Franklin, File)
NEW YORK (AP) — Wall Street drifted through a quiet day of trading on Monday, ahead of economic reports this week that could drive where interest rates go.
The S&P 500 slipped 0.2%, though the majority of stocks within the index rose. The Dow Jones Industrial Average dipped 41 points, or 0.1%, and the Nasdaq composite fell 0.6%.
Helping to keep indexes in check were stocks in the artificial-intelligence industry, which were mixed following last week’s scary swings.
Nvidia, the chip company that’s become the face of the AI boom, added 0.7%. It was one of the strongest forces pushing upward on the S&P 500 after dropping 4.1% last week.
But Oracle sank another 2.7% following its 12.7% tumble last week, which was its worst in more than seven years. Broadcom fell 5.6%.
AI stocks have been shaky on worries that the billions of dollars flowing into chips and data centers may not produce a big-enough payoff to make it worth it. The doubts are causing cracks for the industry, whose earlier surges was the main driver for the U.S. market’s rally to records.
Besides AI, the main focus on Wall Street this week will be on what several big updates on the U.S. economy’s health say.
On Tuesday will come the jobs report for November, and economists expect it to show employers added 40,000 more jobs than they cut during the month. Thursday will bring an update on the inflation, and economists expect it to show U.S. consumers paid prices that were 3.1% higher in November than a year before.
Such data is under the microscope because the Federal Reserve is trying to figure out if a slowing job market or high inflation is the bigger problem for the economy. The Fed is in a potentially tough spot because fixing one of those problems by moving interest rates would likely worsen the other in the short term.
The hope on Wall Street is that the job market weakens, but only by a little: enough to get the Fed to lower interest rates but not so much that a recession swamps the economy. Wall Street loves lower rates because they can give a boost to the economy and prices for investments, even if they also may worsen inflation.
“With the Fed still appearing to be more focused on labor-market weakness than inflation, we’re likely facing a ‘bad news is good’ scenario for the jobs report,” according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley.
“As long as the numbers don’t suggest employment is falling off a cliff,” that would mean the market would likely welcome soft numbers, he said.
The spotlight will be brightest on the unemployment rate, not the overall job growth numbers, because the latter is feeling downward pressure from a drop-off in immigrant workers. Economists expect Tuesday’s report to show the unemployment rate at 4.4%, which would keep it near its highest and worst level since 2021.
Treasury yields eased a bit ahead of the updates. A report earlier on Monday morning also said that a measure of manufacturing strength in New York state unexpectedly weakened, when economists expected to see continued growth.
The yield on the 10-year Treasury slipped to 4.18% from 4.19% late Friday.
Elsewhere on Wall Street, shares of iRobot tumbled nearly 73% to $1.18 after the maker of Roomba vacuums said holders of its stock will likely face a total loss after it filed for Chapter 11 bankruptcy protection over the weekend. The company has reached an agreement with its primary contract manufacturer, Picea, to buy it through a process supervised by a U.S. bankruptcy court.
All told, the S&P 500 slipped 10.90 points to 6,816.51. The Dow Jones Industrial Average dipped 41.49 to 48,416.56, and the Nasdaq composite fell 137.76 to 23,057.41.
In stock markets abroad, indexes rose in Europe following weaker finishes in Asia.
Indexes fell 1.3% in Hong Kong and 0.6% in Shanghai after the Chinese government reported a drop in investment in factory equipment, infrastructure and other fixed assets. It’s the latest signal that demand in the world’s second-largest economy remains weak.
Japan’s Nikkei 225 sank 1.3% after a quarterly survey of big manufacturers by the central bank showed a slight improvement in sentiment. That could encourage the Bank of Japan to go ahead with a hike to interest rates.
AP Business Writer Elaine Kurtenbach contributed.
Specialists Alex Weitzman, left, and Meric Greenbaum work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Dec. 15, 2025. (AP Photo/Ahn Young-joon)
A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Dec. 15, 2025. (AP Photo/Ahn Young-joon)
A currency trader works near a screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Dec. 15, 2025. (AP Photo/Ahn Young-joon)
Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
