President Donald Trump has publicly demanded that ABC dismiss talk show host Jimmy Kimmel following a controversial joke about First Lady Melania Trump. Kimmel referred to Melania as an "expectant widow," sparking backlash and adding to the ongoing tensions between Trump and media outlets, particularly ABC. This incident follows a previous suspension of Kimmel's show in September 2025 after comments about an assassination attempt on Trump ally Charlie Kirk. The U.S. Federal Communications Commission (FCC) has announced a review of ABC's broadcast licenses, although this is unrelated to the Kimmel controversy. However, the timing coincides with Trump's criticism, potentially adding pressure on the network. Market participants have slightly increased the probability of Kimmel's termination, reflecting the historical tensions and current developments.