Sunday Afternoon Updates: The Trump Regime's Very Bad Morning — 5/3/26

From Spirit Airlines' collapse to diesel records to a 14-point Iranian ultimatum, this Sunday is a disaster for Donald Trump, and he has no one to blame but himself.

Hi all, Ben here. It’s Sunday, May 3rd. Here are your afternoon updates. First, let’s start with the quick overview of the top stories we are tracking:

• Iran’s IRGC says Trump is cornered: choose an impossible military operation or a bad deal

• Spirit Airlines is dead as fuel costs from Trump’s war delivered the final blow

• Diesel hits all-time records in Michigan and Illinois; Indiana nearly there

• Iran submits a 14-point proposal via Pakistan; Trump claimed he rejected it, then the U.S. responded anyway

• Iran seizes a cargo vessel near the Strait of Hormuz

• Trump’s former attorney Ty Cobb calls for his removal, citing mental deterioration

• Democrats flip two Texas seats, including one held by Republicans for 48 years

• Todd Blanche basically admits on live TV that selective prosecution is the policy

• Kevin Hassett, Scott Bessent, and Sean Duffy fan out across Sunday shows to lie in unison

Before I go any further, I want to thank all our paid subscribers for helping to fuel our work. If you’re already a Meidas+ paid Substack subscriber, thank you. If not, join us today and support our unapologetic reporting.

Now let’s dive into the details.