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Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics,

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Speaker 1: where we discussed the top political headlines with some of

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Speaker 1: today's best minds. And Trump's approval rating is underwater in

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Speaker 1: eleven of the states he won. We have such a

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Speaker 1: great show for you today. The Link Project's own Rick

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Speaker 1: Wilson joins us to discuss Donald Trump having his bank

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Speaker 1: accounts closed on suspicions.

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Speaker 2: Of money laundering.

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Speaker 1: Then we'll talk to Status News's own Oliver Darcy about

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Speaker 1: Barry Weiss running CBS into the ground.

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Speaker 2: But first the news Somali.

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Speaker 3: Trump really does not have an easy time prosecuting people

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Speaker 3: for the crimes that they He often is inventing that

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Speaker 3: they've done. And if we have another failure and the

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Speaker 3: seat of the crime is the reflecting pool or the

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Speaker 3: scene of the not crime.

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Speaker 1: So just for those who have a life unlike Jesse

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Speaker 1: and I, there's a guy he gets in trouble for

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Speaker 1: he gets arrested for stacking his hand in the reflect pool.

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Speaker 1: They decided to charge him with vandalism. Trump had been

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Speaker 1: for a couple of days before and after tweeting about

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Speaker 1: vandalism the reflecting pool. Of course, you'll be shocked to

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Speaker 1: know just like the sandwich guy. Remember the sandwich guy.

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Speaker 1: This is the deep gray.

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Speaker 4: How could I forget?

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Speaker 1: Yeah, who threw a sandwich? And it turned out the

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Speaker 1: sandwich guy had worked in the DOJ That guy who

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Speaker 1: threw a sandwich and an officer. They tried to charge

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Speaker 1: him with battery, assault or something that effect, and you

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Speaker 1: know what happened, got a no bill.

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Speaker 2: Right.

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Speaker 1: The grand jury was like, uh uh and uh that's

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Speaker 1: basically what happened here. There was no damage. No, Okay,

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Speaker 1: is there damage that reflecting pool. There are different theories

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Speaker 1: of the case, but if there is, it's very possible,

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Speaker 1: nay likely, that that damage came from Donald Trump and

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Speaker 1: his people driving their cars on the reflection pool, or

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Speaker 1: perhaps it came from the no big contract that he

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Speaker 1: gave to green Water Water Treatment or whatever it is

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Speaker 1: who put together a plastic thing at the bottom of

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Speaker 1: the reflecting pool, the reflecting pool. I just want to say,

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Speaker 1: first of all, it's so stupid and it shows really

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Speaker 1: how disinterested Donald Trump is in affordability, which is the

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Speaker 1: one thing that anyone wants him to be interested in.

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Speaker 1: But the other thing about this stupid story, which I

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Speaker 1: will be talking about for the rest of my life,

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Speaker 1: besides the Marie Antoinette of it is the fact that

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Speaker 1: like Obama had trouble with the reflecting pool too. And

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Speaker 1: actually it's funny. I was talking to someone who worked

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Speaker 1: in New York City government, in city government when Donald

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Speaker 1: Trump was a young developer, and he was talking about

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Speaker 1: how when Donald Trump took over the ice rank in

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Speaker 1: Central Park, Donald Trump said, oh, look I did it.

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Speaker 1: I fixed the ice rank no one else could. And

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Speaker 1: you felt like he was kind of a scammer, like

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Speaker 1: he was saying he was saving something that he really wasn't.

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Speaker 2: That this was just like he was making it seem

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Speaker 2: like more than it was.

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Speaker 1: And that is sort of I think the core of

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Speaker 1: trump Ism is it's this sort of scamminess, this belief

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Speaker 1: that he can do things that other people can't, when

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Speaker 1: in fact, he can't do things that other people can.

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Speaker 1: And so I say to you, if you suffer from

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Speaker 1: imposter syndrome, you should look to Donald Trump to see

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Speaker 1: that there is no You should feel pretty good about yourself.

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Speaker 4: Yeah.

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Speaker 3: I think that whole thing is really well chronicled in

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Speaker 3: the movie The Apprentice. It really gets snails that sentiment

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Speaker 3: very well. So speaking of people who one day will

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Speaker 3: be mocked in a movie. In a similar way, Elon

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Speaker 3: Musk is going all in on Senator Susan Collins, and

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Speaker 3: he's opening up his wallet and saying, here you.

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Speaker 2: Go, girl, yeah you know. So here's what's happened.

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Speaker 1: Has decided to do one hundred million in the midterms.

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Speaker 2: Maybe more. Now, Elon Musk is a big that's just Susan.

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Speaker 2: Oh just one hundred million for Susan. Oh wow, look

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Speaker 2: at this.

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Speaker 1: Yeah, Musk plans to spend between one hundred million and

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Speaker 1: one hundred and twenty million to help Collins as well

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Speaker 1: as other Republicans candidates. I think that's the whole group

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Speaker 1: in close Senate races. Now here's the thing. Troy Jackson,

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Speaker 1: fifth generation Maynor was a lumber guy, okay, running against

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Speaker 1: Susan Collins. Susan Collins is from the fancy part of

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Speaker 1: Maine Portland. She has the support of fancy people like

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Speaker 1: the Bushes. She is now got the support of the

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Speaker 1: richest man in the world, okay, the.

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Speaker 3: Richest man of the world, but also mister Data Center,

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Speaker 3: which shob not very popular like janit bills like basically

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Speaker 3: took off like ten points of her popularity.

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Speaker 4: People estimate from just supporting data centers.

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Speaker 1: Data centers is a real eighty twenty issue, and people

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Speaker 1: hate them. They're scared of them, and they see that

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Speaker 1: they use electricity, they use water. They're terrible, I mean,

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Speaker 1: and the idea that you should you know, I mean,

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Speaker 1: I'm sure people have seen the videos of the noise

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Speaker 1: that data centers make, or that they raise your electricity bills,

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Speaker 1: or that they use your water, or that they I mean,

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Speaker 1: there's so many reasons to hate data centers and did

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Speaker 1: not want them to move into your state. And so

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Speaker 1: if Elon Musk is able to get Susan Collins reelected,

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Speaker 1: which he very warm might because she often overperforms polling,

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Speaker 1: it will mean very likely that mean and the rest

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Speaker 1: of us will get more data centers, which is a

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Speaker 1: pretty distressing situation. But he plans to also spend his

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Speaker 1: America pack plants to spend in Alaska, Iowa, Ohio, and Michigan.

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Speaker 1: By the way, you know why he's spending money in

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Speaker 1: those dates.

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Speaker 3: Because the republicanscerned trouble. Yeah, So there's an interesting thing

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Speaker 3: happening here. On the cover of Drudge Today, we have

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Speaker 3: a really wild graphic about Iran's plans to poison our

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Speaker 3: water in seven different states.

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Speaker 4: Yes, and Governor Walls is accusing the Trump administration of

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Speaker 4: covering this up.

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Speaker 1: It's not good. So here are a couple things here.

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Speaker 1: We know that you can't trust this administration. We know

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Speaker 1: that this administration does a lot of really destructive shit.

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Speaker 1: We know that this administration is deeply dishonest about all

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Speaker 1: sorts of stuff. So it's not hard to put together

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Speaker 1: the Walls that he would be right about this. Okay,

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Speaker 1: so he says President Trump is lying about who committed

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Speaker 1: the cyber attack on his state and purposefully hiding how

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Speaker 1: many states were affected. Trump on Friday dismissconcerns that Iran

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Speaker 1: was likely responsible for a cyber attack against him. By

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Speaker 1: the way, Iran has done a lot of cyber attacks.

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Speaker 1: And also Donald Trump did go to war with Iran again,

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Speaker 1: we still don't know why. The probably because Natanyahu convinced

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Speaker 1: him to. Trump knows exactly who is responsible for the attack,

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Speaker 1: and other states were hit too, Waltz wrote on X

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Speaker 1: and remember like this is an administration that has been

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Speaker 1: really disinterested in cyber warfare or getting us up to

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Speaker 1: speed on this stuff, and has asked for you know,

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Speaker 1: they're more focused on trying to test war fighter's testosterone

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Speaker 1: and making sure that black people don't get promotions, because

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Speaker 1: anti anti racism is racism.

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Speaker 5: So Molly the Daily Mail has this wild report that

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Speaker 5: MAGA exiles, including Marjorie Taylor Green and Tucker Carlson, thought

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Speaker 5: to launch a new political party and are going to

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Speaker 5: wage war on Trump.

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Speaker 4: We're not going to have a Never Trump party. We're

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Speaker 4: going to have, of course, the America First Party.

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Speaker 2: If it's never Trump and it's Trump, then what is this?

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Speaker 1: This is like get we need sometimes sometimes before Trump,

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Speaker 1: right exactly, we need we want the racism.

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Speaker 2: But none want.

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Speaker 4: I wanted to be Trump's mistress for many years, and

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Speaker 4: now I don't.

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Speaker 1: It's important to remember, I think, like when we talk

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Speaker 1: about this, So these are former Trump allies turn detractors

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Speaker 1: who have grown frustrated by the President's broken campaign promises.

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Speaker 1: The people in this group Tucker Grlst and Marjorie Taylor Green,

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Speaker 1: Thomas Massey, Joe Kent. Okay, so I want to pause

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Speaker 1: for a minute and just explain the danger of this. Okay,

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Speaker 1: these are not our friends. Okay, these are not like,

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Speaker 1: these are not just because they're anti Trump and and good.

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Speaker 1: These are not the people you want to be okay,

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Speaker 1: Like these are people who don't want to fund I mean,

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Speaker 1: these are not your father's Republicans. These are like real,

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Speaker 1: this is the racism and the anti Semitism and all

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Speaker 1: the stuff that is really it's just not this is

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Speaker 1: not this. This is not the stuff than any of

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Speaker 1: us wants to be associated with. So look, if there's

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Speaker 1: a split in MAGA, which is something we have talked

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Speaker 1: a lot about, right it started with the Iran war,

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Speaker 1: it went to the Ebstein stuff. You know, in every

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Speaker 1: which way Donald Trump made promises. But some of these promises,

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Speaker 1: like these people, you know, they want to end forem wrest,

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Speaker 1: but they don't necessarily want to do it because they

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Speaker 1: are against war or you know, I just think you

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Speaker 1: should be really, really really cautious about this group. And

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Speaker 1: by the way, Laura Lumer, who is still all Trump,

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Speaker 1: called for all seven of them to be put on

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Speaker 1: a watch list for being traders to the country. Everyone's

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Speaker 1: gotten so far afield from normal here. Every single one

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Speaker 1: of these people belongs on a government watch list. Every

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Speaker 1: persons photo is a trader to an America America and

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Speaker 1: an anti Trump operative amplify by foreign adversaries.

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Speaker 2: Megan McCain. I don't know if you know who her

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Speaker 2: dad is.

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Speaker 4: Never never heard her talk about it.

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Speaker 1: Yeah, she I mean, look, you know, I don't know.

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Speaker 1: I'm very suspicious about all.

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Speaker 3: But well, I mean, i'll tell you why it'll be suspicious.

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Speaker 3: We discussed this previously. I said the thing I said,

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Speaker 3: I bet you this happens once Trump crosses the bushline.

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Speaker 3: Trump cross the bushline sweep right. It's like, this is

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Speaker 3: no coincidence. I could have imagined that in a meeting

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Speaker 3: so easily.

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Speaker 2: Yeah.

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Speaker 1: And so the idea is that Trump's polling has gotten

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Speaker 1: bad enough that this crew has decided that they don't

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Speaker 1: have to pretend to like him anymore. And that makes

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Speaker 1: a lot of sense, I think.

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Speaker 2: And you know.

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Speaker 1: Look, you have a party that basically still has had

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Speaker 1: absolutely no nothing besides Trump. Right, there's not you know,

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Speaker 1: it's just Trump. You know, there isn't like a megabase, right,

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Speaker 1: it's Trump Advance.

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Speaker 2: Yeah, you know that's it, all right, My.

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Speaker 3: Since I know he's your fave, I have a president

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Speaker 3: for you. We're going to listen to RFK Junior go

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Speaker 3: absolutely batshit on data. Basche's state of the Union show

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Speaker 3: and see and.

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Speaker 1: Then I just want to say that Chiron reads US

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Speaker 1: measles cases reach thirty five year high.

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Speaker 6: Let's watch there are other countries that at higher.

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Speaker 7: But you can go ahead about why we had that,

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Speaker 7: but you nobody can tell you. I mean, we have,

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Speaker 7: as you say, in the highest crimes in the world.

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Speaker 7: And Anthony Fauci was mismanaging the COVID pandemic. Who was

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Speaker 7: doing it under the Biden administration. President Trump wanted to

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Speaker 7: hand the lockdowns, And in fact, in Anthony Fauci's diaries,

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Speaker 7: he talks about how President Trump is calling him every

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Speaker 7: day trying to get him to reopen the country.

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Speaker 6: Yeah, well, the lockdowns were done by governors. I mean,

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Speaker 6: certainly Anthony Fauci and the President had opinions at the

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Speaker 6: lockdowns were done by governors.

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Speaker 8: And largely because and largely because largely because they were

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Speaker 8: hearing they were hearing from hospitals saying that their ICUs

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Speaker 8: were overrun and they needed some help while that was happening.

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Speaker 9: But I wasn't.

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Speaker 4: That's just not true.

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Speaker 10: What you're saying is not true.

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Speaker 4: No, they were doing it.

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Speaker 7: Because Anthony Fauci was telling him from the top, you

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Speaker 7: need to lockdown. There were ICUs that were empty all

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Speaker 7: over the country, including in New York at the height.

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Speaker 9: I'm asking you, I'm going to go back to what

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Speaker 9: I asked you at the beginning, which is President Trump

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Speaker 9: and he was the guy in charge, and you tweeted back.

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Speaker 6: In twenty twenty four that he let bureaucrats like Anthony

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Speaker 6: Fauci shut down the entire country.

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Speaker 2: Again the president.

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Speaker 7: The president was trying to reopen the country when he left.

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Speaker 7: The country was kept closed for another almost a year

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Speaker 7: and a half after.

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Speaker 1: Boy, I'm telling you what I love about this is

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Speaker 1: nothing the idea that they're still litigating COVID, that they're

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Speaker 1: litigating COVID and we are what we're year six years

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Speaker 1: past COVID.

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Speaker 2: It's such a loser.

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Speaker 1: And and look, this is coming up because ram Paul,

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Speaker 1: you know, has released the diaries and had him come.

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Speaker 1: And it's all distraction from the poor polling, from the

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Speaker 1: high gas prices, from all of this stupid crabs. This

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Speaker 1: is such an unnecessary distraction. And like, instead of getting

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Speaker 1: us prepared for more, you know, for whatever is coming

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Speaker 1: down the pipe next, or dealing with the measles outbreak,

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Speaker 1: or doing any of the stuff that could be productive

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Speaker 1: or working on climate change or the forest fires in Canada,

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Speaker 1: any of that shit, Nada.

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Speaker 2: What do we have instead? We have them, like, you know, having.

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Speaker 1: These hearings with his eighty four year old public servant

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Speaker 1: because they want to get him for not get for

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Speaker 1: not what for not for being.

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Speaker 2: Too much for COVID restrictions. I mean, it's ridiculous. It's

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Speaker 2: so stupid, it's like being in a house.

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Speaker 1: Wick Wilson is the founder of the Lincoln Project and

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Speaker 1: the host of the Lincoln Project podcast.

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Speaker 10: Rick Wilson Wellie John Fast.

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Speaker 1: Capital on Financials said it closed accounts belonging to President

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Speaker 1: Donald Trump, not Donald Trump's real estate company, in twenty

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Speaker 1: twenty one, not because of politics, but because of legitimate

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Speaker 1: reasons after an internal review by the banks anti money

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Speaker 1: laundering team.

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Speaker 11: I don't know about you, Molly. I mean, first off,

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Speaker 11: everyone knows Donald Trump is really on the up and

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Speaker 11: up as a businessman, so I don't know why this

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Speaker 11: would have fled. Oh wait, they fagged it because he

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Speaker 11: had over three hundred checking accounts apparently, and it triggered

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Speaker 11: this automatic review in their software. Is it targeting him

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Speaker 11: personally because he was a bad person. It was targeting

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Speaker 11: him because the software showed that he was engaged in

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Speaker 11: patterns that they associated with money laundering. And the irony

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Speaker 11: is they are required to do this under federal law.

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Speaker 9: Right.

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Speaker 11: They don't get a vote on this. They don't get

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Speaker 11: It's not like it's like they can say, yeah, well

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Speaker 11: this guy's a nice guy. We're not going to cover this.

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Speaker 11: They know your customer law. If there are signs of

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Speaker 11: money laundering, they have to either investigate it or close them,

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Speaker 11: and they closed them.

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Speaker 2: I also think what.

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Speaker 1: Is so relevant about this story and important is that

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Speaker 1: Donald Trump. They the bank made this revelation in a

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Speaker 1: filing as a response to a lawsuit from Donald Trump

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Speaker 1: because he said they debanked him for political reasons.

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Speaker 11: The performative nature of all Trump lawsuits. I think this

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Speaker 11: is my third Wilson rule. Everything Trump got just dies.

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Speaker 11: Everybody hit said cruise. And the third one is no

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Speaker 11: Trump lawsuit survives discovery, right because now that the bank

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Speaker 11: is going to say, okay, well, if you want us

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Speaker 11: to show why we think you were money laundering, we

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Speaker 11: will reveal in court why we think you were money laundering.

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Speaker 11: And Trump's people, I promise you they're gonna go h

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Speaker 11: haamahammahammahamda nevermind, right, it always it is. It is like

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Speaker 11: all these cases where that when the rubber hits the road,

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Speaker 11: when the facts matter, when the discovery is going to

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Speaker 11: embarrass the living hell out of them. You know. It's

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Speaker 11: why they dropped the charges against the Olympian this week

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Speaker 11: after he allegedly personally destroyed the reflecting pool. It's why

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Speaker 11: they just can't hold up on these these bs defamation cases,

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Speaker 11: like against the BBC and other things. They there's just

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Speaker 11: a sense that that these lawsuits are are like a

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Speaker 11: lottery ticket for him. Maybe sometimes somebody will just collapse

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Speaker 11: and go, okay, we'll give you money.

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Speaker 1: Well, and that it's interesting because it's like it has

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Speaker 1: certainly worked with some people, right, law firms and edu, SHC, ABC,

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Speaker 1: A lot of places have settled.

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Speaker 2: You know. Trump has been able.

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Speaker 1: To censor certain groups, right the lawyers, the some universities

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Speaker 1: some but ultimately, if you push back at all, it

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Speaker 1: all falls apart. And like the reflecting pool is a

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Speaker 1: great example, right, they drove the cars on the reflecting pool,

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Speaker 1: like clearly, you know, like there's a reason people don't

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Speaker 1: drive tons of cars on things like that, and you know,

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Speaker 1: and then they hired Trump hired this no bid contract

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Speaker 1: for Greenwater, right, Greenwater.

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Speaker 2: The guy who looks like a who looks like looks.

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Speaker 11: Who looks like he was rejected from the Sopranos for

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Speaker 11: looking too mobbed up.

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Speaker 2: That's right, that guy.

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Speaker 1: And yeah, he's and he turns out he's a mar

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Speaker 1: a Lago member. Turns out Yeah, shockingly, he's a mar

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Speaker 1: Alago member. And he's also more importantly, like, this was

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Speaker 1: a no bid contract. And you know, I think, like, so,

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Speaker 1: there's also this other thing that's happening right now besides

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Speaker 1: the Trump money laundering fiasco, is that Trump is also

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Speaker 1: the true social is selling this ability to get Donald

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Speaker 1: Trump's truth earlier so you can insider trade Rogie, so.

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Speaker 11: You can front run the market by signing up for

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Speaker 11: one hundred thousand dollars a month of service that is

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Speaker 11: going to give hedge funds and private equity guys and

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Speaker 11: other people who want to do short trading on Trump's

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Speaker 11: coming tweets. And look, if we had a securities an

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Speaker 11: exchange commission that was functional, he would have already been

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Speaker 11: indicted for trying to do it. And I will say this,

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Speaker 11: I think There are probably plenty of companies out there

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Speaker 11: that will do this, that will sign up for this.

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Speaker 4: They will make a ton of money on.

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Speaker 2: It, and they'll have to pay it back like with.

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Speaker 11: The and when there's an SEC again, and there will

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Speaker 11: be folks in for sure three years.

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Speaker 2: Maybe three months. If Democrats flip back the.

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Speaker 11: House, you know, yeah, you were going to see you

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Speaker 11: were going to see an absolute bloodbath. If you're paying

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Speaker 11: one hundred thousand dollars a month for this, you better

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Speaker 11: be ready to pay one hundred million dollars in legal

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Speaker 11: fees and penalties. Are in penalties and legal costs to

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Speaker 11: defend yourself on it when there is a recapitulation or

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Speaker 11: reconstitution of the power of the SEC or eventually a

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Speaker 11: Department of Justice not run by Donald Trump's personal attorney.

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Speaker 1: That's right, Noah agreed. And I think we're going to

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Speaker 1: see quite a lot of that. And I think and

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Speaker 1: that's the real question is when you look at this moment.

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Speaker 1: But I just I want to turn now because what

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Speaker 1: we saw this week was so many bad polls for Trump.

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Speaker 2: Like this morning, as I was.

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Speaker 1: Walking home, I was looking at a tweet from Jonathan

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Speaker 1: and Leamir that talks about how Donald Trump is actually is.

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Speaker 1: There is no president in like basically since the nineteen

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Speaker 1: forties who has been this unpopular.

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Speaker 11: Molly, I'm I have a big piece coming out tomorrow

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Speaker 11: on Substack about this. I spent the morning writing, going

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Speaker 11: through my personal archive of numbers and looking online for

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Speaker 11: all these back you know, all these previous moments in

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Speaker 11: electoral politics, and that one lesson that comes screaming out.

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Speaker 11: It's like in two thousand and six when Bush's numbers

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Speaker 11: and they were better than Trump's. Right now, they were bad,

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Speaker 11: but they were still higher than Trump's are right now,

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Speaker 11: and high gas prices in an unpopular war in the

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Speaker 11: Middle East and high growing inflation. We couldn't win even

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Speaker 11: with great candidates and good messages back then. On the

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Speaker 11: Republican side, in twenty ten, we couldn't lose even with

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Speaker 11: morons and widows, right and so so right now you

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Speaker 11: a very unhappy political dynamic for Trump and the Republicans

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Speaker 11: is that the Democrats have a lot of good candidates.

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Speaker 11: Trump's numbers, which define where Republicans fall, are in the

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Speaker 11: basement and going lower, and the political climate is absolutely

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Speaker 11: brutal now and you're seeing the real breakout. Democratic voter

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Speaker 11: intensity is up, up up the independence you know this

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Speaker 11: long slow slide independence. When Trump won office, he won

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Speaker 11: independence in twenty twenty four. Yeah, they by the end

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Speaker 11: of last year were about two to one against him.

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Speaker 11: Now there and most of this year they've been about

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Speaker 11: two and a half to three to one against him.

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Speaker 11: Now they're closing in on four to one against Trump. Yeah,

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Speaker 11: this is an electoral nightmare for them. They're watching Texas

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Speaker 11: slip away, They're watching North Carolina slip away, They're watching

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Speaker 11: Alaska slip away. Iowa is not feeling great for them anymore.

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Speaker 11: They are really looking at a bad, bad, bad day.

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Speaker 11: And it all comes down to the fact that they

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Speaker 11: define themselves as Trump's party, and when Trump is this unpopular,

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Speaker 11: they pay the price.

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Speaker 2: Because there's no one else.

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Speaker 1: But also the Texas. I want you to talk about

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Speaker 1: the Texas pulling because what I think people don't understand

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Speaker 1: is that Beto never pulled better. Then, so explain to

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Speaker 1: us this story here, because better never pulled better than

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Speaker 1: Ted Cruz.

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Speaker 11: Right, Look, Beto was a talented candidate. Is a talented

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Speaker 11: guy like that.

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Speaker 2: It has done a lot to flip Texas. If Texas

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Speaker 2: f I was done.

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Speaker 4: I was just getting to that.

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Speaker 11: He has built a lot of the foundational things that

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Speaker 11: have let Texas Democrats survive in the most hostile political

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Speaker 11: environment right all credit to Taller. Rico has done two

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Speaker 11: things I think that only he could have pulled off

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Speaker 11: in Texas so far. And look, he's got a lot

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Speaker 11: of work to do. It's still got still a long

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Speaker 11: way between nown election days, still over ninety days. But

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Speaker 11: he has done two things. He has relentlessly focused on

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Speaker 11: the economy corruption. He has tied those two together in

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Speaker 11: the minds of Texas voters, and Ken Paxton is the

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Speaker 11: poster boy for for both right for economy and corruption.

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Speaker 11: But he's also been able to go out and walk

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Speaker 11: away from a lot of the culture war bullshit. They've

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Speaker 11: tried to hang on it. Okay, all the he's trends,

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Speaker 11: he's a vegan, all the all the shit. Okay, you

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Speaker 11: know what, anybody who's going to vote based on those things,

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Speaker 11: those lies, was already voting for Ken Paxton. They're only

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Speaker 11: doing base maintenance in the GOP in Texas right now

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Speaker 11: because they and even Greg Abbott, a four term governor

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Speaker 11: who has much better numbers than Ken Paxton, Hussa is

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Speaker 11: three points behind him in a poll the other day,

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Speaker 11: and you know that's that one like if you're Ken Paxton,

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Speaker 11: like somebody's walking over your grave, you're feeling the the

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Speaker 11: the you know that he b gb feeling of like.

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Speaker 10: What's going on?

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Speaker 11: And look, these people have they have done this to themselves, Molly,

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Speaker 11: they they have bought this problem for themselves.

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Speaker 1: It is so interesting to me when we look at Texas,

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Speaker 1: so Texas, Alaska, Iowa.

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Speaker 2: You know, we've had Rob Sands on this podcast. We've

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Speaker 2: had Josh Turrek like part of the other thing.

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Speaker 1: And I'm gonna make you talk about this with me

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Speaker 1: because nobody else will. Is that one of the things

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Speaker 1: that I'm struck by is that in the spots where

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Speaker 1: the Democratic brand really sucks, like Nebraska, you have independence

440
00:24:34,160 --> 00:24:38,000
Speaker 1: running so you don't have like, you know, we spend

441
00:24:38,040 --> 00:24:41,240
Speaker 1: a lot of time in cable news world talking about

442
00:24:41,280 --> 00:24:44,560
Speaker 1: like you know, Mon Damie and Democrats getting too woke,

443
00:24:45,040 --> 00:24:48,520
Speaker 1: but like Dan Osborne is a great example of not

444
00:24:48,760 --> 00:24:52,760
Speaker 1: being woke but being the thing that is not the

445
00:24:52,840 --> 00:24:56,840
Speaker 1: Democratic brand but can still win working class voters.

446
00:24:57,200 --> 00:24:58,840
Speaker 2: In the great state of Nebraska.

447
00:25:00,160 --> 00:25:03,880
Speaker 11: This is there used to be a trick that Republicans pulled, okay,

448
00:25:04,520 --> 00:25:06,920
Speaker 11: and we would let the candidates be the right fit

449
00:25:07,000 --> 00:25:10,800
Speaker 11: for the state or the district. We knew. And he's

450
00:25:10,800 --> 00:25:13,760
Speaker 11: a bad example on one level, but it's a legitimate example.

451
00:25:13,920 --> 00:25:15,959
Speaker 11: Rudy was able to win the mayor's race in New

452
00:25:16,040 --> 00:25:17,879
Speaker 11: York first in ninety three and then in ninety seven

453
00:25:18,320 --> 00:25:20,119
Speaker 11: in part because he was pro choice.

454
00:25:20,359 --> 00:25:24,520
Speaker 2: Yeah, he's a stager, was pro choice.

455
00:25:24,640 --> 00:25:28,280
Speaker 11: In California, you had moderate Republicans. I elected a pro

456
00:25:28,840 --> 00:25:32,359
Speaker 11: a pro environmental Republican governor in Vermont a couple of times,

457
00:25:32,440 --> 00:25:36,040
Speaker 11: Jim Douglass, who believed in climate change. Way back when

458
00:25:36,080 --> 00:25:38,080
Speaker 11: it was like if you said climate change is the Republican,

459
00:25:38,119 --> 00:25:42,480
Speaker 11: you were off the reservation. Yeah, now that's flipped. Now

460
00:25:42,520 --> 00:25:45,360
Speaker 11: the Democrats are figuring out, Oh, you can't win Florida

461
00:25:45,640 --> 00:25:50,480
Speaker 11: with a raging mom dommy type or a squad type.

462
00:25:50,720 --> 00:25:53,400
Speaker 11: You gotta go with the David Jolly type. You got

463
00:25:53,400 --> 00:25:55,280
Speaker 11: to go in Texas. You can't win it back with

464
00:25:55,320 --> 00:25:57,119
Speaker 11: a guy who's going to be out there talking about

465
00:25:57,560 --> 00:25:59,439
Speaker 11: you know, the center and God bless Bato, but the

466
00:25:59,440 --> 00:26:02,159
Speaker 11: center pain was gun control in Texas. I'm sorry it

467
00:26:02,200 --> 00:26:05,720
Speaker 11: doesn't work, but cats are getting this lesson figured out.

468
00:26:06,040 --> 00:26:08,120
Speaker 11: You got to run the right person in the right race.

469
00:26:08,720 --> 00:26:11,719
Speaker 2: But you also you can't. You have to run someone charismatic.

470
00:26:11,800 --> 00:26:12,720
Speaker 2: And that is the.

471
00:26:12,600 --> 00:26:14,440
Speaker 11: Flora, authentic and charismatic.

472
00:26:14,920 --> 00:26:19,320
Speaker 2: And and look you can't, David really is that?

473
00:26:19,960 --> 00:26:20,200
Speaker 11: Yeah?

474
00:26:20,320 --> 00:26:20,960
Speaker 4: Oh oh yeah?

475
00:26:21,240 --> 00:26:26,040
Speaker 11: And and and also in Iowa, Sand is a I mean, folks,

476
00:26:26,080 --> 00:26:28,400
Speaker 11: if you haven't gone out and watched Rob sand talk

477
00:26:28,480 --> 00:26:31,800
Speaker 11: to an audience, he couldn't chill up your spine. He's

478
00:26:31,800 --> 00:26:34,880
Speaker 11: as good or better than Tallarico. And people are underscoring

479
00:26:34,920 --> 00:26:39,320
Speaker 11: that race. Sand Turk and three congressional seats are in

480
00:26:39,440 --> 00:26:43,199
Speaker 11: play in Iowa, folks, a state Donald Trump should have

481
00:26:43,200 --> 00:26:45,280
Speaker 11: felt very comfortable being able to hold onto.

482
00:26:45,080 --> 00:26:48,200
Speaker 2: That ten points.

483
00:26:48,320 --> 00:26:51,879
Speaker 1: And also more importantly, you know who got off the

484
00:26:51,880 --> 00:26:54,040
Speaker 1: bench and got and did an.

485
00:26:53,840 --> 00:26:56,160
Speaker 11: Ask Barack Obama a great little lad They.

486
00:26:56,160 --> 00:27:00,200
Speaker 1: Did and yep, and he said, the most meaningful thing

487
00:27:00,240 --> 00:27:03,360
Speaker 1: to me as a politician has been winning Iowa.

488
00:27:03,680 --> 00:27:05,520
Speaker 2: So I think part of it too.

489
00:27:05,680 --> 00:27:08,160
Speaker 1: And we saw this with Nebraska's first district to get

490
00:27:08,160 --> 00:27:13,040
Speaker 1: really nerdy when Republicans wanted to take away that first district,

491
00:27:13,280 --> 00:27:17,840
Speaker 1: they became very furious. And Iowa is a state that

492
00:27:17,960 --> 00:27:21,160
Speaker 1: matters and they often get treated like shit. For example,

493
00:27:21,200 --> 00:27:25,960
Speaker 1: the guy who's running against Rob sand lives in Kansas

494
00:27:26,119 --> 00:27:26,760
Speaker 1: is this city.

495
00:27:27,320 --> 00:27:31,679
Speaker 11: He flies his plane from Kansas to Iowa, just like

496
00:27:31,720 --> 00:27:35,480
Speaker 11: Tommy Tupperville lives in my state of Florida and commutes

497
00:27:35,600 --> 00:27:38,800
Speaker 11: to Alabama. Yeah, by the way, Mine, I want to

498
00:27:38,800 --> 00:27:41,760
Speaker 11: mention one other stick because I left this off my list. Folks,

499
00:27:43,080 --> 00:27:44,960
Speaker 11: I think if you're the Republican party of the state

500
00:27:45,000 --> 00:27:46,920
Speaker 11: that should scare the crap out of you. The most

501
00:27:47,000 --> 00:27:52,080
Speaker 11: right now is Ohio because Shared Brown is coming back

502
00:27:52,119 --> 00:27:56,119
Speaker 11: with a vengeance. You've got Amy Acton, who is coming up?

503
00:27:56,200 --> 00:28:00,520
Speaker 11: Who's Ramaswami's campaign is collapsing. I've heard in the last

504
00:28:00,560 --> 00:28:03,240
Speaker 11: few days that Trump is about to pull his support

505
00:28:03,520 --> 00:28:06,240
Speaker 11: out of Ramaswami. He was never he was always lukewarm

506
00:28:06,280 --> 00:28:08,480
Speaker 11: about him. That he's not going to bother with going

507
00:28:08,520 --> 00:28:11,960
Speaker 11: there or helping him. And you've got Max Miller, remember

508
00:28:11,960 --> 00:28:14,000
Speaker 11: of Congress, who should not be in Congress. He should

509
00:28:14,000 --> 00:28:16,960
Speaker 11: be in jail if the documents are correct. Yes, who

510
00:28:17,000 --> 00:28:19,440
Speaker 11: threw hot boiling water on his wife and put.

511
00:28:19,240 --> 00:28:22,320
Speaker 1: It the allegations and the allegation is that he broke

512
00:28:22,400 --> 00:28:23,400
Speaker 1: the daughter's coming.

513
00:28:23,480 --> 00:28:25,440
Speaker 11: He broke it, Yeah, and attacked their daughter.

514
00:28:25,760 --> 00:28:29,480
Speaker 2: Yeah, awful, right, and that is the Republican Party, right.

515
00:28:29,960 --> 00:28:33,320
Speaker 11: But Ohio, if that super deep red state of Ohio

516
00:28:33,640 --> 00:28:36,639
Speaker 11: starts to turn, it is a signal of something much

517
00:28:36,720 --> 00:28:38,840
Speaker 11: bigger in the country, not only for twenty six but

518
00:28:38,880 --> 00:28:39,480
Speaker 11: for twenty eight.

519
00:28:39,800 --> 00:28:44,440
Speaker 1: Yes, exactly. But it's also like, if Democrats win back

520
00:28:44,480 --> 00:28:48,000
Speaker 1: the House and they flip the Senate, it is going

521
00:28:48,080 --> 00:28:50,600
Speaker 1: to be just even if they don't, even if they

522
00:28:50,720 --> 00:28:53,520
Speaker 1: just get close with this Senate. But I actually I

523
00:28:53,560 --> 00:28:57,600
Speaker 1: still think, like if you MATHI through, I just read

524
00:28:57,640 --> 00:28:59,920
Speaker 1: this thing that Fetterman's maybe not going to switch.

525
00:29:00,960 --> 00:29:03,480
Speaker 2: So again, who knows.

526
00:29:03,640 --> 00:29:06,800
Speaker 1: But still, I mean, I think this is I think

527
00:29:06,800 --> 00:29:07,200
Speaker 1: this is.

528
00:29:07,160 --> 00:29:07,920
Speaker 2: Really a big deal.

529
00:29:08,680 --> 00:29:10,360
Speaker 11: I think it's a huge deal, Molly, and I think

530
00:29:10,440 --> 00:29:12,719
Speaker 11: that in part the reaction of trying to hide the

531
00:29:12,720 --> 00:29:15,640
Speaker 11: corpse of Mitch McConnell, or or hide what's going on

532
00:29:15,680 --> 00:29:16,480
Speaker 11: with Mitch McConnell.

533
00:29:16,560 --> 00:29:18,280
Speaker 2: I think is going on with Mitch mcconne.

534
00:29:18,800 --> 00:29:20,760
Speaker 11: So we have some information a couple of weeks ago

535
00:29:20,880 --> 00:29:23,800
Speaker 11: that he was in a special acute cardiac rehab facility

536
00:29:23,840 --> 00:29:27,440
Speaker 11: at GW Hospital. But what I here's my guess this

537
00:29:27,480 --> 00:29:30,800
Speaker 11: is I'm not based on any insider knowledge. My guess

538
00:29:30,840 --> 00:29:33,120
Speaker 11: is he's had some sort of cardiac or stroke event,

539
00:29:33,560 --> 00:29:36,480
Speaker 11: is completely incapacitated, and they are waiting for the deadline

540
00:29:36,520 --> 00:29:39,240
Speaker 11: to pass to announce it. And it will go down

541
00:29:39,240 --> 00:29:42,160
Speaker 11: in history as a great failing of the American media

542
00:29:42,240 --> 00:29:44,840
Speaker 11: because there's nobody twenty seven interests on the ground for

543
00:29:45,040 --> 00:29:47,560
Speaker 11: the GW hospital and nobody's managed to sneak up there

544
00:29:47,880 --> 00:29:51,240
Speaker 11: and do any reporting at all. Nobody no more in

545
00:29:51,320 --> 00:29:54,160
Speaker 11: DC has seemed very motivated to find out about this

546
00:29:54,200 --> 00:29:56,440
Speaker 11: in the way that they wanted to know every single

547
00:29:56,480 --> 00:30:00,760
Speaker 11: thing about Joe Biden's health when he was experiencing some problems.

548
00:30:01,040 --> 00:30:04,600
Speaker 1: Yeah, exactly, yeah, yeah, no, no, for sure, for sure.

549
00:30:04,800 --> 00:30:07,720
Speaker 1: I also want to ask you when we look at

550
00:30:07,760 --> 00:30:11,880
Speaker 1: this moment here, what do you think when you look

551
00:30:11,920 --> 00:30:14,840
Speaker 1: at the House and the Senate?

552
00:30:15,520 --> 00:30:17,800
Speaker 2: What are the Senate races? House races?

553
00:30:17,840 --> 00:30:20,120
Speaker 1: You feel like people are still not are sleeping on

554
00:30:20,200 --> 00:30:21,480
Speaker 1: besides Iowa.

555
00:30:22,160 --> 00:30:24,560
Speaker 11: Well, look, I think I think we've got to watch

556
00:30:24,600 --> 00:30:29,920
Speaker 11: Maine again because you know the Platiner Brew Haha. You

557
00:30:29,960 --> 00:30:32,160
Speaker 11: know a lot of people Von and the Democratic Party

558
00:30:32,200 --> 00:30:35,000
Speaker 11: it's over, it's over, it's over. Well, Tony's actually posting

559
00:30:35,080 --> 00:30:38,680
Speaker 11: up some pretty good numbers. And I think that Collins

560
00:30:38,680 --> 00:30:40,720
Speaker 11: is in a tougher position than she was in a

561
00:30:40,760 --> 00:30:45,400
Speaker 11: weird way because Platner was an unknown quantity with bad

562
00:30:45,440 --> 00:30:48,200
Speaker 11: oppo and Tony is a known quantity with you know,

563
00:30:48,280 --> 00:30:50,400
Speaker 11: maybe he's got a temper, but I don't think that's

564
00:30:50,400 --> 00:30:54,280
Speaker 11: a disqualifier now. And and I think that race is

565
00:30:54,280 --> 00:30:56,800
Speaker 11: when people got to put their eyes back on. And

566
00:30:56,840 --> 00:30:59,400
Speaker 11: I think her people had a premature victory lap when

567
00:30:59,400 --> 00:31:02,520
Speaker 11: they got rid of Yeah, I think so Jim.

568
00:31:02,680 --> 00:31:04,200
Speaker 2: I mean I also think, I mean.

569
00:31:04,120 --> 00:31:06,800
Speaker 1: She is the kaiser soosee of all of this, Like

570
00:31:06,840 --> 00:31:10,120
Speaker 1: she has managed to survive. I mean I've seen polls

571
00:31:10,200 --> 00:31:13,320
Speaker 1: with her, you know, down six and then she comes

572
00:31:13,360 --> 00:31:13,880
Speaker 1: out to win.

573
00:31:14,320 --> 00:31:16,440
Speaker 2: So but I do think believe me.

574
00:31:17,280 --> 00:31:19,280
Speaker 11: In twenty twenty one of her people called me on

575
00:31:19,320 --> 00:31:22,760
Speaker 11: election Nai was like livid with me, like so angry

576
00:31:22,800 --> 00:31:26,320
Speaker 11: because our last part, you know, you get you bastards

577
00:31:26,400 --> 00:31:28,720
Speaker 11: did this to her and Eda da da da, And

578
00:31:28,760 --> 00:31:30,720
Speaker 11: he's like, we were eight points ahead and you know

579
00:31:30,840 --> 00:31:33,040
Speaker 11: two months ago, and now we last night we finished six,

580
00:31:33,280 --> 00:31:35,800
Speaker 11: six or seven points back, and you bastards did this,

581
00:31:35,880 --> 00:31:38,120
Speaker 11: and well she won the next day. She blew us

582
00:31:38,120 --> 00:31:41,200
Speaker 11: out right right. So I don't know how that. I

583
00:31:41,200 --> 00:31:44,800
Speaker 11: don't know how that happened, but you know, and she's

584
00:31:44,840 --> 00:31:47,120
Speaker 11: hadn't she said, six more years of Trump since then,

585
00:31:47,480 --> 00:31:48,160
Speaker 11: And it's all.

586
00:31:48,160 --> 00:31:52,200
Speaker 1: So there's that she's signed the death warrant for Roe v.

587
00:31:52,360 --> 00:31:56,760
Speaker 1: Wade by voting for Kavanaugh. But I also think no

588
00:31:56,880 --> 00:31:59,760
Speaker 1: Gorsic by voting for Gorsich. But I also think part

589
00:31:59,800 --> 00:32:05,880
Speaker 1: of it it is this she has managed to really

590
00:32:06,120 --> 00:32:11,000
Speaker 1: be this kind of She's been able to be this

591
00:32:11,200 --> 00:32:15,520
Speaker 1: last like Trump, but not Trump right, not piss him

592
00:32:15,560 --> 00:32:19,320
Speaker 1: off the way a corner in her Cassidy has, but

593
00:32:19,600 --> 00:32:23,400
Speaker 1: not be trumpy. And I just don't think I think

594
00:32:23,440 --> 00:32:27,320
Speaker 1: that world is over. And then I also think Troy

595
00:32:27,600 --> 00:32:31,880
Speaker 1: has this thing, which is he really does seem like

596
00:32:31,960 --> 00:32:34,680
Speaker 1: he's of the place. And and I.

597
00:32:36,400 --> 00:32:39,240
Speaker 11: Was I saying Tony, I think I'm saying Tony Troy.

598
00:32:39,440 --> 00:32:43,040
Speaker 11: He does come across as a genuine downies kind of

599
00:32:43,040 --> 00:32:45,480
Speaker 11: main guy. You know, he's rough on the edge.

600
00:32:45,360 --> 00:32:45,800
Speaker 10: A little bit.

601
00:32:46,120 --> 00:32:50,760
Speaker 11: He's not He's not the smooth, modulated politician that that

602
00:32:51,240 --> 00:32:53,160
Speaker 11: you know a lot of people are. And it's okay,

603
00:32:53,320 --> 00:32:55,360
Speaker 11: there's nothing wrong with that in this day and age

604
00:32:55,720 --> 00:32:56,160
Speaker 11: at all.

605
00:32:56,600 --> 00:33:00,240
Speaker 1: Yeah, I mean I think I think that it's two things, right.

606
00:33:00,280 --> 00:33:03,400
Speaker 1: I think it's that he's he and like even the

607
00:33:03,440 --> 00:33:05,840
Speaker 1: opo that they have on him, they're like, he married

608
00:33:05,880 --> 00:33:06,840
Speaker 1: his second cousin.

609
00:33:07,240 --> 00:33:10,240
Speaker 2: It's like that part of Maine, that's what it is.

610
00:33:10,320 --> 00:33:12,680
Speaker 2: Man Like, there's two hundred people in that town.

611
00:33:13,680 --> 00:33:16,960
Speaker 11: Listen, if marrying your second cousin was was illegal, the

612
00:33:17,160 --> 00:33:20,120
Speaker 11: marriage rate in the state of Florida would drop significantly.

613
00:33:20,760 --> 00:33:21,400
Speaker 4: I've seen it.

614
00:33:21,960 --> 00:33:24,560
Speaker 2: Yeah, and then I already married his first cousin.

615
00:33:24,600 --> 00:33:25,480
Speaker 11: Okay, folks.

616
00:33:25,840 --> 00:33:29,360
Speaker 1: But I also think it's like he's fifth generation Maine.

617
00:33:29,840 --> 00:33:32,440
Speaker 1: He's like a genuine and and he's a longer and

618
00:33:32,480 --> 00:33:34,040
Speaker 1: he really does sound like a manor.

619
00:33:34,760 --> 00:33:37,880
Speaker 11: He's a manor. He's a real guy and and and look,

620
00:33:38,440 --> 00:33:44,840
Speaker 11: authenticity overcomes a lot of a lot of elite qualms

621
00:33:44,880 --> 00:33:45,440
Speaker 11: about people.

622
00:33:46,080 --> 00:33:47,040
Speaker 2: Yeah, yeah, and.

623
00:33:47,280 --> 00:33:51,080
Speaker 11: It is why if you would con if Platner didn't

624
00:33:51,120 --> 00:33:55,720
Speaker 11: have all of the stuff right his the sense of

625
00:33:55,720 --> 00:33:57,960
Speaker 11: connection he was building with people in Maine would have

626
00:33:58,000 --> 00:33:59,520
Speaker 11: would have been a blowout. It would have been it

627
00:33:59,520 --> 00:34:02,240
Speaker 11: would have been a knockout blow And I think this

628
00:34:02,320 --> 00:34:04,680
Speaker 11: partly reflects the fact that they realize in this day

629
00:34:04,720 --> 00:34:08,240
Speaker 11: and age. Susan Collins can't just fake being the moderate. Yeah,

630
00:34:08,320 --> 00:34:11,720
Speaker 11: you can't just pretend anymore. The world knows everything about everything,

631
00:34:11,920 --> 00:34:14,200
Speaker 11: and it's hard for her to do that.

632
00:34:14,520 --> 00:34:17,200
Speaker 10: I'm going to be this and then in the middle.

633
00:34:17,239 --> 00:34:20,200
Speaker 11: I'm not gonna get but she never does. She always

634
00:34:20,239 --> 00:34:22,120
Speaker 11: votes for Trump in the end ninety nine percent of

635
00:34:22,160 --> 00:34:24,760
Speaker 11: the time, So people get it. I'm watching that race.

636
00:34:25,040 --> 00:34:27,239
Speaker 11: I think we've got to watch the Katie Hobbs race

637
00:34:27,280 --> 00:34:30,239
Speaker 11: out there. And Republicans are starting to think that that's

638
00:34:30,239 --> 00:34:31,840
Speaker 11: a place they can pour a lot of money into.

639
00:34:32,239 --> 00:34:33,879
Speaker 11: I don't think it's gonna work because I think Andy

640
00:34:33,920 --> 00:34:36,520
Speaker 11: Biggs is a lunatic and a rabid creature. Yeah, but

641
00:34:37,000 --> 00:34:39,000
Speaker 11: I've heard some Republicans I was saying, that's one we

642
00:34:39,040 --> 00:34:42,239
Speaker 11: can do, and that's our future. And good luck.

643
00:34:43,360 --> 00:34:46,720
Speaker 2: Rick Wilson, Molly drunk Fast. Will you come back?

644
00:34:47,120 --> 00:34:47,799
Speaker 4: I sure will.

645
00:34:48,239 --> 00:34:52,840
Speaker 1: Oliver Darcy is the founder of Status News. Welcome, Welcome,

646
00:34:52,960 --> 00:34:53,760
Speaker 1: Oliver Darcy.

647
00:34:53,960 --> 00:34:55,200
Speaker 10: I'm Allin'm excited to be here.

648
00:34:55,400 --> 00:34:59,280
Speaker 1: You write this amazing media newsletter called Status the Media.

649
00:34:59,640 --> 00:35:01,560
Speaker 2: There's a a lot of shit going down.

650
00:35:02,000 --> 00:35:05,440
Speaker 1: I can't decide whether we should start with what Barry's

651
00:35:05,520 --> 00:35:09,960
Speaker 1: done or what Bearry wants let's talk about the merger,

652
00:35:10,000 --> 00:35:13,160
Speaker 1: because it's really interesting. I would love you to start

653
00:35:13,320 --> 00:35:16,080
Speaker 1: by sort of painting the picture of what's happening here

654
00:35:16,120 --> 00:35:17,160
Speaker 1: with Paramount merger.

655
00:35:17,440 --> 00:35:20,240
Speaker 10: Sure, it's complex, but it's simple at the same time.

656
00:35:20,719 --> 00:35:23,799
Speaker 10: So Paramount, which is the owner, it's a media conglomerate

657
00:35:23,920 --> 00:35:27,120
Speaker 10: in itself, not only owns Paramount Pictures, which I think

658
00:35:27,160 --> 00:35:28,879
Speaker 10: a lot of people are familiar with, but it owns

659
00:35:28,920 --> 00:35:31,719
Speaker 10: a bunch of cable networks, and it owns CBS, which

660
00:35:31,760 --> 00:35:34,560
Speaker 10: means it owns CBS News, and it controls programs like

661
00:35:34,600 --> 00:35:37,960
Speaker 10: sixty Minutes. Paramount is headed by a man named David Allison,

662
00:35:38,239 --> 00:35:41,520
Speaker 10: and he would like to purchase another media conglomerate called

663
00:35:41,560 --> 00:35:45,719
Speaker 10: Warner brother Discovery, and that company owns HBO Max, it

664
00:35:45,760 --> 00:35:48,600
Speaker 10: owns Warner Brothers Pictures. It also owns a bunch of

665
00:35:48,640 --> 00:35:53,560
Speaker 10: cable networks, including CNN, And this has caused a lot

666
00:35:53,600 --> 00:35:57,239
Speaker 10: of controversy for a few reasons, but one is that

667
00:35:57,280 --> 00:35:59,680
Speaker 10: they need to make this deal happen. They need a

668
00:36:00,000 --> 00:36:04,319
Speaker 10: clearance from regulators, both federal and state and international regulators.

669
00:36:04,760 --> 00:36:07,400
Speaker 10: And to get clear into the federal regulators, which is

670
00:36:07,480 --> 00:36:10,640
Speaker 10: Donald Trump's Department of Justice, they have to clear this.

671
00:36:11,520 --> 00:36:14,080
Speaker 10: They needed Donald Trump basically to sign off on this,

672
00:36:14,120 --> 00:36:17,360
Speaker 10: and so you've seen over the past year David Ellison

673
00:36:18,000 --> 00:36:20,799
Speaker 10: have a very cozy relationship with Donald Trump. And one

674
00:36:20,840 --> 00:36:24,680
Speaker 10: of the things that has been obvious is that CBS

675
00:36:24,680 --> 00:36:27,480
Speaker 10: News under David Ellison has been a lot closer to

676
00:36:27,520 --> 00:36:30,320
Speaker 10: the administration than a lot of people would like to see.

677
00:36:30,719 --> 00:36:33,759
Speaker 10: And there's been reporting that if David Ellison were to

678
00:36:33,800 --> 00:36:37,880
Speaker 10: control CNN, they would make changes to make Donald Trump happy.

679
00:36:38,239 --> 00:36:40,560
Speaker 10: And the other thing to keep in mind is that

680
00:36:40,640 --> 00:36:44,759
Speaker 10: Donald Trump, you know, he is not a Paramount plus viewer, right,

681
00:36:44,840 --> 00:36:48,600
Speaker 10: He is not watching Landman on Paramount. He's probably not

682
00:36:48,719 --> 00:36:52,080
Speaker 10: watching the Tom Cruise movies. What Donald Trump cares about

683
00:36:52,120 --> 00:36:54,840
Speaker 10: and what he watches is the news. So if you

684
00:36:54,880 --> 00:36:58,160
Speaker 10: want to make Donald Trump happy, one he wants CBS

685
00:36:58,160 --> 00:37:01,120
Speaker 10: News in particularly sixty minutes, to be in his court.

686
00:37:01,320 --> 00:37:04,799
Speaker 10: And two, he has said out loud that any deal

687
00:37:04,800 --> 00:37:08,920
Speaker 10: that involves Warner brother Discovery needs to involve CNN, it

688
00:37:08,920 --> 00:37:13,799
Speaker 10: needs to involve CNN changing ownership hands. And so this

689
00:37:14,120 --> 00:37:18,239
Speaker 10: entire deal really has hinged on how Donald Trump is

690
00:37:18,280 --> 00:37:22,880
Speaker 10: portrayed by these two news outlets and what David Ellison

691
00:37:22,920 --> 00:37:25,920
Speaker 10: would do with CNN, should it be under his control?

692
00:37:26,160 --> 00:37:28,360
Speaker 10: Because the only way Donald Trump is signing off on

693
00:37:28,400 --> 00:37:30,480
Speaker 10: this deal is if he likes the way he's being

694
00:37:30,480 --> 00:37:33,320
Speaker 10: portrayed by CBS News and if he feels that CNN

695
00:37:33,440 --> 00:37:35,800
Speaker 10: is going to be more favorable to him, should he

696
00:37:35,880 --> 00:37:38,920
Speaker 10: give his blessing. Otherwise this deal is not going through.

697
00:37:39,360 --> 00:37:42,560
Speaker 10: And Donald Trump's DJ did sign off on the deal.

698
00:37:42,760 --> 00:37:46,600
Speaker 10: The only problem is and perhaps David Ellison and his

699
00:37:46,680 --> 00:37:49,480
Speaker 10: team at Paramount didn't anticipate this, But the States Office

700
00:37:49,520 --> 00:37:51,400
Speaker 10: also have a say in this, and so you've seen

701
00:37:51,920 --> 00:37:55,879
Speaker 10: the states, a dozen of them, led by California, follow lawsuits.

702
00:37:56,040 --> 00:37:57,840
Speaker 2: Rom Bonta right.

703
00:37:57,840 --> 00:38:00,600
Speaker 10: Rob Bonta, Yes. The Attorney general there while the lawsuit

704
00:38:00,760 --> 00:38:05,440
Speaker 10: to block this steal on antitrust grounds, arguing that these

705
00:38:05,520 --> 00:38:09,160
Speaker 10: two companies consolidating is not good for consumers and it's

706
00:38:09,200 --> 00:38:10,600
Speaker 10: not good for the industries either.

707
00:38:11,040 --> 00:38:12,400
Speaker 2: I have a couple of questions.

708
00:38:12,520 --> 00:38:16,399
Speaker 1: But the first is sky Dance, which is this big

709
00:38:16,560 --> 00:38:21,399
Speaker 1: company which David Allison is heading, which is right, one

710
00:38:21,520 --> 00:38:25,799
Speaker 1: of the investors has money from the Qatars and from

711
00:38:25,920 --> 00:38:32,200
Speaker 1: other Middle Eastern entities. Aren't American news channels not supposed

712
00:38:32,239 --> 00:38:34,480
Speaker 1: to take money from foreign entities.

713
00:38:34,920 --> 00:38:36,959
Speaker 10: This is actually very true, Meli. I mean, it would

714
00:38:36,960 --> 00:38:40,359
Speaker 10: be a scandal in any other era if CNN could

715
00:38:40,360 --> 00:38:44,000
Speaker 10: be partly owned by the Saudis, which literally just directed

716
00:38:44,120 --> 00:38:47,359
Speaker 10: the brutal murder of a journalist only a few years ago.

717
00:38:47,640 --> 00:38:49,719
Speaker 10: But I think it speaks to how much corruption has

718
00:38:49,760 --> 00:38:53,200
Speaker 10: been involved domestically with this deal with the Ellisons, that

719
00:38:53,520 --> 00:38:56,520
Speaker 10: that is sort of a side note. Like, by the way,

720
00:38:56,640 --> 00:38:58,640
Speaker 10: not only will David Ellison on this, not only will

721
00:38:58,640 --> 00:39:01,040
Speaker 10: Donald Trump probably get what he wants, but all these

722
00:39:01,080 --> 00:39:03,400
Speaker 10: Middle Eastern countries which don't have the best record with

723
00:39:03,440 --> 00:39:06,520
Speaker 10: the press, particularly Saudi Arabia, are also going to be

724
00:39:06,600 --> 00:39:08,600
Speaker 10: part owners in CNN, and they're also going to be

725
00:39:08,640 --> 00:39:11,640
Speaker 10: part owners of CBS News. That is wild, That is

726
00:39:11,760 --> 00:39:13,879
Speaker 10: that would be unacceptable. I mean, if you had gone

727
00:39:13,920 --> 00:39:17,840
Speaker 10: back in time ten years ago, the idea that these outlets,

728
00:39:17,880 --> 00:39:20,520
Speaker 10: particularly seen it and because of its global reach, could

729
00:39:20,560 --> 00:39:22,600
Speaker 10: be involved in a deal like this and own a

730
00:39:22,760 --> 00:39:26,320
Speaker 10: company like this would have been grounds for not approving

731
00:39:26,360 --> 00:39:28,680
Speaker 10: the deal just to begin with. And you've seen some

732
00:39:28,800 --> 00:39:31,440
Speaker 10: congressional Democrats in the Senate and I believe in the

733
00:39:31,520 --> 00:39:34,880
Speaker 10: House express alarm about this. It's just that the federal

734
00:39:34,960 --> 00:39:38,719
Speaker 10: regulators have not really done anything, and people would say

735
00:39:38,719 --> 00:39:42,120
Speaker 10: that's because Donald Trump controls the DOJ. He has a

736
00:39:42,200 --> 00:39:45,719
Speaker 10: tight grip on that DOJ, and he wants this deal

737
00:39:45,840 --> 00:39:47,520
Speaker 10: to go through because he really I mean, if you

738
00:39:47,600 --> 00:39:50,719
Speaker 10: think about what Donald Trump wants, he has been at

739
00:39:50,800 --> 00:39:55,160
Speaker 10: war with CNN for over a decade. There is nothing

740
00:39:55,440 --> 00:39:58,440
Speaker 10: more that he would like than to breach the walls

741
00:39:58,480 --> 00:40:01,680
Speaker 10: of CNN and to have outlet in the hands of

742
00:40:02,280 --> 00:40:05,759
Speaker 10: an ally, and that is you know what he would

743
00:40:06,040 --> 00:40:08,200
Speaker 10: get if this deal goes through.

744
00:40:08,440 --> 00:40:09,480
Speaker 2: First of all, I think.

745
00:40:09,400 --> 00:40:12,560
Speaker 1: You're right about the canceling things Trump doesn't like, and

746
00:40:12,680 --> 00:40:16,240
Speaker 1: a good example of this is the Cherry Redstone canceled

747
00:40:16,320 --> 00:40:21,000
Speaker 1: Colbert in order to get regulatory approval from the Trump administration.

748
00:40:21,120 --> 00:40:24,719
Speaker 1: I mean, that was a very clear decision to try

749
00:40:24,800 --> 00:40:28,120
Speaker 1: to get this together, and it worked, right or at least,

750
00:40:28,280 --> 00:40:31,280
Speaker 1: I mean, that's why they can't They'll say they canceled

751
00:40:31,320 --> 00:40:33,960
Speaker 1: Colbert for other reasons, but clearly that was part of it.

752
00:40:34,200 --> 00:40:37,480
Speaker 1: So I wonder if you could talk about the way

753
00:40:37,600 --> 00:40:39,880
Speaker 1: this deal is structured. First of all, it was a

754
00:40:40,000 --> 00:40:43,640
Speaker 1: lot of money put in by the Allisons, and then

755
00:40:44,200 --> 00:40:50,680
Speaker 1: the Allisons also backstopped the money, right so now Oracle's

756
00:40:50,800 --> 00:40:54,000
Speaker 1: worth quite a lot less than it was when this

757
00:40:54,239 --> 00:40:58,759
Speaker 1: deal started. So there is this scenario even though if

758
00:40:58,840 --> 00:41:01,680
Speaker 1: they lose an investor, our Oracle could be on the hook.

759
00:41:01,960 --> 00:41:05,080
Speaker 1: There are a lot of different scenarios Oracles on the

760
00:41:05,120 --> 00:41:06,920
Speaker 1: hook for a lot of money. Can you talk us

761
00:41:07,000 --> 00:41:07,479
Speaker 1: through those?

762
00:41:08,000 --> 00:41:10,040
Speaker 10: Yeah? And also keep in mind that you know these

763
00:41:10,080 --> 00:41:12,800
Speaker 10: Middle Eastern countries, given the war and the pressures on

764
00:41:12,840 --> 00:41:14,920
Speaker 10: their pocketbooks. I mean, they think there's a lot of

765
00:41:14,960 --> 00:41:18,600
Speaker 10: pressure on the people backing this deal financially. And the

766
00:41:18,680 --> 00:41:21,839
Speaker 10: way this deal works is that if this deal does

767
00:41:21,920 --> 00:41:25,200
Speaker 10: not close, which means it does not get regulatory approval

768
00:41:25,520 --> 00:41:29,479
Speaker 10: by September thirtieth, David Allison and Larry Ellison ultimately, because

769
00:41:29,520 --> 00:41:31,640
Speaker 10: this is this is his money, they're on the hook

770
00:41:31,680 --> 00:41:34,239
Speaker 10: for what it's called a ticking fee, which means they

771
00:41:34,320 --> 00:41:37,640
Speaker 10: have to pay hundreds of millions of dollars every quarter

772
00:41:38,160 --> 00:41:41,160
Speaker 10: to Warner Brothers shareholders if this deal does not close.

773
00:41:41,239 --> 00:41:43,560
Speaker 10: It's a line in the deal they had put to

774
00:41:43,680 --> 00:41:45,920
Speaker 10: win over this deal from Netflix, So there was a

775
00:41:46,239 --> 00:41:48,160
Speaker 10: if you go back. Netflix had struck a deal with

776
00:41:48,200 --> 00:41:50,880
Speaker 10: one of brothers, Discovery, to buy the HBO Max streamer

777
00:41:51,200 --> 00:41:54,319
Speaker 10: to buy the movie Studio, and that deal was done,

778
00:41:54,600 --> 00:41:56,759
Speaker 10: and there was a lot of concern you know, from

779
00:41:56,960 --> 00:41:59,400
Speaker 10: from the media industry or from you know people, There

780
00:41:59,400 --> 00:42:01,880
Speaker 10: are a lot of worries or whatever that Netflix was

781
00:42:01,960 --> 00:42:05,040
Speaker 10: not going to get regulatory approval from on anti trust

782
00:42:05,080 --> 00:42:07,439
Speaker 10: ground to close this deal. Because Netflix is the number

783
00:42:07,480 --> 00:42:10,040
Speaker 10: one streamer buying the number three streamer, that would present

784
00:42:10,120 --> 00:42:13,360
Speaker 10: some legitimate anti trust concerns. So David Ellison came along

785
00:42:13,480 --> 00:42:16,040
Speaker 10: and he said, actually, not only do we think our

786
00:42:16,080 --> 00:42:18,160
Speaker 10: deal is better, but we'll sweeten the pot. We're so

787
00:42:18,400 --> 00:42:21,319
Speaker 10: confident that we can close this deal when Netflix can't

788
00:42:21,760 --> 00:42:24,000
Speaker 10: that if we don't do it by September thirtieth, we

789
00:42:24,040 --> 00:42:27,759
Speaker 10: will pay you guys this extra fee and every day

790
00:42:27,840 --> 00:42:29,919
Speaker 10: that this deal is not closed, we will keep paying

791
00:42:29,960 --> 00:42:32,920
Speaker 10: one of Brother Discovery shareholders because we're confident we can

792
00:42:32,960 --> 00:42:35,160
Speaker 10: close the deal. And they were probably confident they can

793
00:42:35,200 --> 00:42:37,279
Speaker 10: close the deal because they thought they had Donald Trump,

794
00:42:37,280 --> 00:42:39,520
Speaker 10: and they did in his pocket right like he was

795
00:42:39,600 --> 00:42:41,880
Speaker 10: going to approve the deal. They did not anticipate the

796
00:42:41,920 --> 00:42:45,279
Speaker 10: States doing to block the deal. So long story short,

797
00:42:45,320 --> 00:42:47,200
Speaker 10: if this deal does not close, which is not going

798
00:42:47,200 --> 00:42:49,600
Speaker 10: to close, it seems like by September thirtieth, maybe it will,

799
00:42:49,640 --> 00:42:51,200
Speaker 10: but it doesn't seem like it's going to close.

800
00:42:51,440 --> 00:42:55,239
Speaker 1: Both the Allisons and the Democratic Ags have said this

801
00:42:55,480 --> 00:42:57,440
Speaker 1: that it's not going to close by September thirtieth.

802
00:42:57,880 --> 00:43:00,200
Speaker 10: They will owe a lot of money to one of

803
00:43:00,400 --> 00:43:03,160
Speaker 10: the Discovery shareholders, and the longer this drags out, the

804
00:43:03,239 --> 00:43:06,120
Speaker 10: more money they're gonna owe. And that's important because as

805
00:43:06,200 --> 00:43:09,359
Speaker 10: you said, you know, Oracle's stock is not doing as

806
00:43:09,440 --> 00:43:12,320
Speaker 10: well as it once was, right, It's down quite a

807
00:43:12,360 --> 00:43:14,719
Speaker 10: bit in the last year, and there are a lot

808
00:43:14,760 --> 00:43:17,239
Speaker 10: of financial pressures on these Middle Eastern countries as Donald

809
00:43:17,239 --> 00:43:21,160
Speaker 10: Trump's warn Iran rages on, and so, you know, I

810
00:43:21,239 --> 00:43:23,600
Speaker 10: think there's maybe less of an appetite to eat a

811
00:43:23,640 --> 00:43:26,760
Speaker 10: lot of this cost if they can't get this deal approved.

812
00:43:26,800 --> 00:43:28,640
Speaker 10: And so it's just a matter of time.

813
00:43:28,719 --> 00:43:28,880
Speaker 1: You know.

814
00:43:29,000 --> 00:43:32,160
Speaker 10: They've said basically they'll they'll give it till next next summer.

815
00:43:32,360 --> 00:43:33,960
Speaker 10: But if it's not closed by next summer, it doesn't

816
00:43:34,000 --> 00:43:36,920
Speaker 10: seem like this deal is going through. And I think

817
00:43:36,960 --> 00:43:38,480
Speaker 10: a lot of that has to do with, you know,

818
00:43:38,719 --> 00:43:42,640
Speaker 10: their willingness. They they don't want to spend capital just waiting.

819
00:43:42,400 --> 00:43:46,360
Speaker 1: Around if it doesn't close. The Allisons are on the

820
00:43:46,480 --> 00:43:49,200
Speaker 1: hook for seven billion dollars. Right, there are all sorts

821
00:43:49,239 --> 00:43:52,960
Speaker 1: of penalties filled into the because of having this second bidder,

822
00:43:53,520 --> 00:43:57,040
Speaker 1: the Allisons have agreed to a contract the not as

823
00:43:57,080 --> 00:43:59,719
Speaker 1: good as it would have been had there been just

824
00:44:00,239 --> 00:44:04,440
Speaker 1: one vedder, and so the Warner shareholders get a lot

825
00:44:04,520 --> 00:44:07,640
Speaker 1: of stuff that they might not otherwise get. Right, Like

826
00:44:07,760 --> 00:44:10,080
Speaker 1: a big penalty fee explains that.

827
00:44:10,360 --> 00:44:12,759
Speaker 10: Yeah, it's a breakup fee, and that's not uncommon when

828
00:44:13,200 --> 00:44:16,800
Speaker 10: organizations are merging. Usually there is some sort of breakup

829
00:44:16,840 --> 00:44:19,080
Speaker 10: feel like if it doesn't go through, we will owe

830
00:44:19,160 --> 00:44:21,600
Speaker 10: you this much money. So yes, not only do they

831
00:44:21,680 --> 00:44:23,840
Speaker 10: owe money because of the ticking fee, but if it

832
00:44:23,920 --> 00:44:25,880
Speaker 10: doesn't go through at all, they have this big breakup

833
00:44:25,920 --> 00:44:28,320
Speaker 10: fee that they have to pay shareholders. So you know

834
00:44:28,480 --> 00:44:30,440
Speaker 10: they're going to be paying money to Warner by the

835
00:44:30,480 --> 00:44:33,239
Speaker 10: Discovery shareholders. And a lot of that is because you know,

836
00:44:33,800 --> 00:44:37,640
Speaker 10: they had a deal with Netflix and that deal was

837
00:44:37,960 --> 00:44:41,480
Speaker 10: scuttled to make way for the new suitor with Paramount,

838
00:44:41,800 --> 00:44:44,840
Speaker 10: and so you know, like they want their money, Like

839
00:44:45,120 --> 00:44:47,400
Speaker 10: you know, they they've put this out themselves in a position.

840
00:44:47,480 --> 00:44:49,920
Speaker 10: They said no to Netflix, and so that deals out

841
00:44:49,920 --> 00:44:51,720
Speaker 10: the window could come back, but it's out the window

842
00:44:51,719 --> 00:44:54,600
Speaker 10: for now. This is all because David Allison was so

843
00:44:54,800 --> 00:44:58,120
Speaker 10: confident that he could close the deal because of Donald Trump.

844
00:44:58,160 --> 00:45:00,560
Speaker 10: I think a lot of these hinges on on Donald

845
00:45:00,560 --> 00:45:04,719
Speaker 10: Trump granting clearance for this deal. The DOJ reportedly, you know,

846
00:45:04,880 --> 00:45:07,400
Speaker 10: senior leaders of the DJ according to the Wall Street Journal,

847
00:45:07,920 --> 00:45:12,080
Speaker 10: over road concerns that prosecutors had that career prosecutors had

848
00:45:12,239 --> 00:45:14,600
Speaker 10: with this deal and just cleared it. This is according

849
00:45:14,600 --> 00:45:16,480
Speaker 10: to the Wall Street Journal. And you wonder why that

850
00:45:16,520 --> 00:45:18,920
Speaker 10: would happen. It's again because Donald Trump likely wants to

851
00:45:18,960 --> 00:45:21,600
Speaker 10: steal to close like he's he's the guy that's that's

852
00:45:21,800 --> 00:45:24,960
Speaker 10: that's making these calls. He's using government, you know, in

853
00:45:25,040 --> 00:45:27,520
Speaker 10: a very weaponized way. It's not surprising that he would

854
00:45:27,880 --> 00:45:31,279
Speaker 10: give a favor out to an ally. But Donald Trump

855
00:45:31,320 --> 00:45:33,400
Speaker 10: does not control all the states. And you've seen the

856
00:45:33,440 --> 00:45:36,360
Speaker 10: states be successful too. We should know in other cases

857
00:45:36,640 --> 00:45:40,439
Speaker 10: where the federal government has granted clearance and the states

858
00:45:40,480 --> 00:45:42,480
Speaker 10: have said wait a second. And the most notable example

859
00:45:42,560 --> 00:45:46,719
Speaker 10: is Nextstar in Tegna. These two local station giants, and

860
00:45:46,880 --> 00:45:48,839
Speaker 10: Next Star has done everything they can to win Donald

861
00:45:48,840 --> 00:45:51,320
Speaker 10: Trump's favorite, talking about how they're not fake news and

862
00:45:51,360 --> 00:45:53,040
Speaker 10: all this other you know, using in all the right

863
00:45:53,080 --> 00:45:55,759
Speaker 10: words to woo Donald Trump. His DOJ cleared that deal,

864
00:45:56,120 --> 00:45:59,160
Speaker 10: California and other states sued, and even after it closed,

865
00:45:59,200 --> 00:46:01,200
Speaker 10: the judge has kind of put a hold on it

866
00:46:01,360 --> 00:46:03,439
Speaker 10: and said, don't integrate any further. We're going to play

867
00:46:03,480 --> 00:46:05,240
Speaker 10: this out and see if this is actually legal.

868
00:46:05,600 --> 00:46:09,520
Speaker 2: Wow, it's super interesting. So just give me a sense

869
00:46:09,680 --> 00:46:11,480
Speaker 2: of what happens now.

870
00:46:11,840 --> 00:46:14,960
Speaker 1: It's put on hold for a year, right, isn't this

871
00:46:15,120 --> 00:46:18,279
Speaker 1: deal put there's some explain where the courts have left it.

872
00:46:18,840 --> 00:46:21,320
Speaker 10: Well, they need to do a trial, so it's on

873
00:46:21,520 --> 00:46:24,759
Speaker 10: hold until a trial is completed. And Paramounts obviously going

874
00:46:24,840 --> 00:46:26,440
Speaker 10: to argue that we need to have this trial as

875
00:46:26,520 --> 00:46:29,560
Speaker 10: soon as possible. It's be speedy. They said, basically, if

876
00:46:29,600 --> 00:46:32,520
Speaker 10: this deal's not done by next summer, then we're at

877
00:46:32,520 --> 00:46:34,040
Speaker 10: the end of the line, and I guess they're out,

878
00:46:34,239 --> 00:46:36,160
Speaker 10: but they want a trial later this year. I'm not

879
00:46:36,200 --> 00:46:39,480
Speaker 10: an anti trust lawyer, so I don't know you know

880
00:46:39,560 --> 00:46:41,400
Speaker 10: how to analyze this. I can only look at what

881
00:46:42,000 --> 00:46:43,920
Speaker 10: you know. Tell you what other anti trust experts are

882
00:46:43,920 --> 00:46:46,600
Speaker 10: telling us. When we asked a wide array of them,

883
00:46:46,800 --> 00:46:51,680
Speaker 10: or my calling Natalie Korak, she messaged a bunch of experts,

884
00:46:52,000 --> 00:46:56,080
Speaker 10: and you know, the general consensus is that paramounts not

885
00:46:56,400 --> 00:46:58,239
Speaker 10: you know, they don't have maybe the best case here,

886
00:46:58,320 --> 00:47:00,520
Speaker 10: like they could very well lose a trial. I think,

887
00:47:01,000 --> 00:47:03,400
Speaker 10: if you know, I'm a betting man, If I was betting,

888
00:47:03,719 --> 00:47:06,319
Speaker 10: I would bet that David Ellison and his team at

889
00:47:06,360 --> 00:47:10,320
Speaker 10: Paramount are putting together a potential settlement deals or some offers,

890
00:47:10,600 --> 00:47:13,600
Speaker 10: trying to figure out a way to get this approved

891
00:47:13,680 --> 00:47:15,759
Speaker 10: without going to trial. But we'll see.

892
00:47:16,120 --> 00:47:17,720
Speaker 2: Barry Weiss is in charge of CBS.

893
00:47:17,840 --> 00:47:22,240
Speaker 1: Now. CBS is actually not that much stuff. It's only

894
00:47:22,320 --> 00:47:25,279
Speaker 1: a few news programs but the biggest and it's just

895
00:47:25,600 --> 00:47:29,480
Speaker 1: the nightly news, which she has put her ideological spin

896
00:47:29,640 --> 00:47:33,919
Speaker 1: on and and the numbers tell us about the ratings there.

897
00:47:34,600 --> 00:47:37,360
Speaker 10: Yeah, So Barry Wise has come into CBS News and

898
00:47:37,560 --> 00:47:39,800
Speaker 10: she's made a lot of changes pretty quickly. You know,

899
00:47:39,880 --> 00:47:41,560
Speaker 10: she hasn't even been there for a year, and she's

900
00:47:41,719 --> 00:47:44,839
Speaker 10: upended a number of the shows. Most notably, I think

901
00:47:44,920 --> 00:47:47,080
Speaker 10: is sixty Minutes, but let's put that aside for now.

902
00:47:47,480 --> 00:47:50,200
Speaker 10: The first change she made was to hire or to

903
00:47:50,440 --> 00:47:52,920
Speaker 10: tap Tony Deakoppel, who is a morning show anchor on

904
00:47:52,960 --> 00:47:55,440
Speaker 10: the CBS Mornings and move them from that show to

905
00:47:55,520 --> 00:47:59,040
Speaker 10: the Evening News, and this has been a disaster in

906
00:47:59,160 --> 00:48:02,000
Speaker 10: the ratings. And that's typically how you judge the success

907
00:48:02,160 --> 00:48:04,879
Speaker 10: of television news programs, right, Maybe you judge them based

908
00:48:04,920 --> 00:48:06,840
Speaker 10: on how many Emmys they win or how many awards

909
00:48:06,920 --> 00:48:09,399
Speaker 10: they win. That's not really how a lot of these

910
00:48:09,440 --> 00:48:12,720
Speaker 10: shows are judge, at least commercially. It's about the ratings,

911
00:48:12,920 --> 00:48:15,400
Speaker 10: and the ratings were bad before that put Tony in,

912
00:48:15,480 --> 00:48:17,320
Speaker 10: Like it made sense why they would want to revamp

913
00:48:17,400 --> 00:48:19,320
Speaker 10: the show. CBS has always been in third place. But

914
00:48:19,440 --> 00:48:22,560
Speaker 10: the latest version of the CBS Any News feature two hosts,

915
00:48:22,960 --> 00:48:24,960
Speaker 10: it wasn't very good. It was not doing well in

916
00:48:25,000 --> 00:48:27,040
Speaker 10: the ratings. It actually collapsed in the ratings, and we

917
00:48:27,080 --> 00:48:29,359
Speaker 10: had covered that, and so it made sense you want

918
00:48:29,360 --> 00:48:32,240
Speaker 10: to put a new anchor in. But Tony has done terrible,

919
00:48:32,440 --> 00:48:36,600
Speaker 10: and you know, you're seeing historic low ratings for the

920
00:48:36,680 --> 00:48:40,200
Speaker 10: CBS Evening News, historic low ratings, like the worst ratings

921
00:48:40,239 --> 00:48:43,320
Speaker 10: of the twenty first century. Literally, And not only should

922
00:48:43,320 --> 00:48:45,640
Speaker 10: we say CBS Evening News isn't doing well, but the

923
00:48:45,719 --> 00:48:48,000
Speaker 10: Morning Show, which is led by a Gail King, which

924
00:48:48,040 --> 00:48:50,160
Speaker 10: is down a host because she moved Tony de Kopple

925
00:48:50,200 --> 00:48:53,200
Speaker 10: from the morning show to the evening news. They're posting

926
00:48:53,440 --> 00:48:56,080
Speaker 10: the worst ratings in the show's entire history. So you

927
00:48:56,200 --> 00:48:59,640
Speaker 10: look at the backdrop for how Barrier Wiss is coming

928
00:48:59,680 --> 00:49:03,439
Speaker 10: in to revamp sixty Minutes, and people at CBS News

929
00:49:03,520 --> 00:49:06,400
Speaker 10: right look like you don't have a good track record, Barry.

930
00:49:06,719 --> 00:49:08,960
Speaker 10: The shows that you've meddled with, the shows that you've

931
00:49:09,000 --> 00:49:13,040
Speaker 10: put your stamp on, are really not doing well at all.

932
00:49:13,080 --> 00:49:16,759
Speaker 10: I mean they're performing abysmally. And not only is that

933
00:49:16,880 --> 00:49:19,239
Speaker 10: the case, but you have no television news experience Berry

934
00:49:19,400 --> 00:49:21,319
Speaker 10: like she used to apparently boast that she didn't own

935
00:49:21,360 --> 00:49:24,680
Speaker 10: a TV. The people she's hired have no television news experience.

936
00:49:24,920 --> 00:49:28,160
Speaker 10: So her two deputies, they come from a print background.

937
00:49:28,200 --> 00:49:30,600
Speaker 10: They don't have any new televisions experience.

938
00:49:30,840 --> 00:49:32,279
Speaker 2: Who are her two deputies.

939
00:49:32,440 --> 00:49:34,200
Speaker 10: There's a man named Charles Farrell. He came from the

940
00:49:34,239 --> 00:49:37,200
Speaker 10: Wall Street Journal. He's the managing editor of CBS News.

941
00:49:37,800 --> 00:49:42,000
Speaker 10: Then there is Edit Raumstein, he's the deputy editor at

942
00:49:42,080 --> 00:49:45,600
Speaker 10: CBS News. These are typically actually not even television titles,

943
00:49:45,640 --> 00:49:47,840
Speaker 10: but she's implemented it, so we'll go with it. And

944
00:49:47,920 --> 00:49:50,000
Speaker 10: then you know her had a talent. I believe you

945
00:49:50,040 --> 00:49:52,080
Speaker 10: know one of them, at least a key executive came from.

946
00:49:51,920 --> 00:49:54,800
Speaker 2: Substack right and then Nick Belton.

947
00:49:54,800 --> 00:49:58,480
Speaker 10: And then Nick built into the executive producer of sixty minutes. Now,

948
00:49:58,920 --> 00:50:02,200
Speaker 10: he is a print guy. He had a career Vanity

949
00:50:02,320 --> 00:50:05,040
Speaker 10: Fair and he's done some documentaries, but for the most part,

950
00:50:05,080 --> 00:50:07,839
Speaker 10: he's a print guy. He's not a broadcast news guy.

951
00:50:08,160 --> 00:50:10,440
Speaker 10: And so people at sixteen minutes are just worried from

952
00:50:10,480 --> 00:50:14,000
Speaker 10: a competence level, from a production standpoint level, like these

953
00:50:14,040 --> 00:50:16,719
Speaker 10: are people who don't know how to make television news

954
00:50:17,080 --> 00:50:19,759
Speaker 10: and it's complicated, Molly. Like I was talking to someone

955
00:50:19,800 --> 00:50:21,800
Speaker 10: earlier today, I have a print background, okay, but I

956
00:50:21,840 --> 00:50:23,840
Speaker 10: worked at CNN for a while, but I have I

957
00:50:24,040 --> 00:50:26,600
Speaker 10: mostly print, right, Like I do you print? I do YouTube.

958
00:50:26,840 --> 00:50:29,640
Speaker 10: When I was at CNN, you know, I was learning

959
00:50:29,760 --> 00:50:32,640
Speaker 10: how to make packages for television, and that is a

960
00:50:32,800 --> 00:50:36,920
Speaker 10: totally different skill than writing a column for the New

961
00:50:37,000 --> 00:50:39,680
Speaker 10: York Times than writing a print story. Like I will

962
00:50:39,719 --> 00:50:41,880
Speaker 10: tell you just to get the voice right where it's

963
00:50:41,920 --> 00:50:44,759
Speaker 10: the voiceover, the pictures on the screening and all that

964
00:50:44,840 --> 00:50:48,120
Speaker 10: stuff that is way more complicated and takes way more

965
00:50:48,200 --> 00:50:50,239
Speaker 10: talent in training than you would imagine. It's called your

966
00:50:50,320 --> 00:50:53,880
Speaker 10: tracking voice, and I was being coached. They had a

967
00:50:53,960 --> 00:50:56,040
Speaker 10: coach at CNN that would come in and he would

968
00:50:56,080 --> 00:50:57,799
Speaker 10: talk to you about how to improve your tracking voice.

969
00:50:57,840 --> 00:50:59,759
Speaker 10: And you think, Oliver, that is so easy. You just

970
00:50:59,800 --> 00:51:03,040
Speaker 10: talk into a microphone. And then you watch it back

971
00:51:03,120 --> 00:51:04,879
Speaker 10: and you're like, wow, that is crunch. It doesn't sound

972
00:51:05,040 --> 00:51:07,520
Speaker 10: anything like you know when the professionals do it like.

973
00:51:07,719 --> 00:51:10,440
Speaker 10: It is an art. Just to do a tracking voice.

974
00:51:10,480 --> 00:51:13,719
Speaker 10: To have to narrate that, that takes literally dozens and

975
00:51:13,800 --> 00:51:16,200
Speaker 10: dozens of hours of training. You know, at TNN, I

976
00:51:16,360 --> 00:51:18,160
Speaker 10: was doing it. I would have an hour every week

977
00:51:18,280 --> 00:51:20,120
Speaker 10: or so and they would come in and having read

978
00:51:20,160 --> 00:51:21,959
Speaker 10: scripts and they would give you notes and you would

979
00:51:22,239 --> 00:51:23,759
Speaker 10: again you would watch it back and think, wow, do

980
00:51:23,880 --> 00:51:25,680
Speaker 10: I really sound like that? And why is it so bad?

981
00:51:25,880 --> 00:51:27,759
Speaker 10: But that just to track the piece. When you write

982
00:51:27,760 --> 00:51:30,520
Speaker 10: a television news piece, it's different. I would write a

983
00:51:30,600 --> 00:51:32,120
Speaker 10: script and then I would come to say it and

984
00:51:32,239 --> 00:51:34,080
Speaker 10: be like, that's not That's not how you talk in

985
00:51:34,160 --> 00:51:36,120
Speaker 10: real life, So that won't work, so you have to

986
00:51:36,160 --> 00:51:39,600
Speaker 10: rewrite it. Anyway. Long story short, making TV this is

987
00:51:39,680 --> 00:51:42,240
Speaker 10: These are for easy quick packages. Making a thirteen minute

988
00:51:42,320 --> 00:51:47,960
Speaker 10: CBS crazy investigative package that's suited, that's fit for sixty minutes,

989
00:51:48,040 --> 00:51:51,000
Speaker 10: the crown Jewel a broadcast news television. It takes a

990
00:51:51,040 --> 00:51:53,239
Speaker 10: lot of skills that a lot of these people just

991
00:51:53,280 --> 00:51:55,200
Speaker 10: don't have or might not even think of right and

992
00:51:55,360 --> 00:51:57,719
Speaker 10: so from a competence level, these people are worried. And

993
00:51:57,719 --> 00:51:59,480
Speaker 10: then there's the politics of it all, which is that

994
00:52:00,040 --> 00:52:03,400
Speaker 10: you've had Scott Pelly, you've had Cecilia Vega, you've had

995
00:52:03,440 --> 00:52:06,120
Speaker 10: Sharon al Fonsi. They've all come out, those were all fired.

996
00:52:06,120 --> 00:52:07,879
Speaker 10: They're all fired by Barry Wis the way. But they've

997
00:52:07,920 --> 00:52:10,280
Speaker 10: all come out and said that she is inserting political

998
00:52:10,360 --> 00:52:15,080
Speaker 10: bias or misinformation into their stories, and that is causing

999
00:52:15,200 --> 00:52:18,719
Speaker 10: alarm inside this show team. And so you know, and

1000
00:52:18,760 --> 00:52:21,520
Speaker 10: then you think about the backdrop this is happening on again.

1001
00:52:21,920 --> 00:52:25,840
Speaker 10: Remember the backdrop is that David Ellison, the owner of Paramounts,

1002
00:52:25,920 --> 00:52:28,400
Speaker 10: the owner of CBS News, needs to make sure that

1003
00:52:28,520 --> 00:52:31,080
Speaker 10: Donald Trump is happy with him so that he can

1004
00:52:31,120 --> 00:52:33,480
Speaker 10: get a deal across the finish line. So it's hard

1005
00:52:33,520 --> 00:52:36,040
Speaker 10: to ignore that context. Now, maybe they would say there's

1006
00:52:36,120 --> 00:52:37,960
Speaker 10: nothing related, you know, we don't talk to Dave. I'm

1007
00:52:37,960 --> 00:52:39,600
Speaker 10: sure that would be what to say. But like at

1008
00:52:39,640 --> 00:52:43,120
Speaker 10: the same time, it's difficult to avoid looking at these

1009
00:52:43,160 --> 00:52:46,479
Speaker 10: two things. They're not not related, right. And the only

1010
00:52:46,560 --> 00:52:49,080
Speaker 10: thing again, when you think about it, that Donald Trump

1011
00:52:49,160 --> 00:52:52,480
Speaker 10: cares about when it comes to Paramount's entire portfolio is

1012
00:52:53,040 --> 00:52:56,080
Speaker 10: he cares about how he's covered on really a couple

1013
00:52:56,120 --> 00:52:57,960
Speaker 10: of programs, and one of them is sixty Minutes. He

1014
00:52:58,080 --> 00:53:00,640
Speaker 10: sued sixty minutes. If you remember, like that was one

1015
00:53:00,680 --> 00:53:01,879
Speaker 10: of the shows you sued.

1016
00:53:01,800 --> 00:53:02,680
Speaker 2: It's unbelievable.

1017
00:53:02,960 --> 00:53:13,200
Speaker 12: Oliver Darcy, thank you, thank you, Molly, No moment, Wick Wilson,

1018
00:53:13,719 --> 00:53:14,640
Speaker 12: Molly John Fast.

1019
00:53:14,920 --> 00:53:17,120
Speaker 2: It is time for that moment of moment, that.

1020
00:53:17,239 --> 00:53:21,719
Speaker 11: Beautiful moment we share every week of your fuckery. I

1021
00:53:21,760 --> 00:53:23,440
Speaker 11: don't know about you, but Mama want to fuckerated this

1022
00:53:23,440 --> 00:53:26,560
Speaker 11: week's amazing Wall Street Journal article about how the Republicans

1023
00:53:26,600 --> 00:53:30,000
Speaker 11: are maintaining this cash advantage in part because major donors

1024
00:53:30,360 --> 00:53:33,080
Speaker 11: have now said about the DNC that it stands for

1025
00:53:33,200 --> 00:53:35,719
Speaker 11: it do not contribute, which is.

1026
00:53:35,760 --> 00:53:39,080
Speaker 1: Ironic because remember Trump had that thing where they called

1027
00:53:39,120 --> 00:53:40,760
Speaker 1: the DN I do not invite.

1028
00:53:41,040 --> 00:53:41,440
Speaker 4: Correct.

1029
00:53:41,760 --> 00:53:44,800
Speaker 1: Yeah, so Telsea Gabbard was never allowed to come to

1030
00:53:44,960 --> 00:53:46,680
Speaker 1: any cabinet meetings because she was.

1031
00:53:46,800 --> 00:53:48,360
Speaker 2: Dn I do not invite.

1032
00:53:48,800 --> 00:53:53,000
Speaker 1: Is the problem created by Democrats for Democrats hurting Democrats.

1033
00:53:53,640 --> 00:53:56,600
Speaker 11: You know, this is one of the things that voters

1034
00:53:56,640 --> 00:53:58,319
Speaker 11: want to see. And I've said this phrase a lot

1035
00:53:58,640 --> 00:54:00,719
Speaker 11: in the South. If you're at a fight, you want

1036
00:54:00,760 --> 00:54:02,799
Speaker 11: to see some fight in the dog and they don't

1037
00:54:02,880 --> 00:54:04,799
Speaker 11: feel that fight coming from Ken Martin and just an

1038
00:54:04,840 --> 00:54:07,520
Speaker 11: honest answer. You very affable guy, very nice guy. But

1039
00:54:07,719 --> 00:54:11,359
Speaker 11: I think a lot of Democratic donors want a wartime consigliary, right.

1040
00:54:11,440 --> 00:54:14,040
Speaker 11: They want somebody who's going to go and be an

1041
00:54:14,160 --> 00:54:17,160
Speaker 11: absolute fighter and he's sort of captive to the Democratic

1042
00:54:17,360 --> 00:54:21,239
Speaker 11: DC consultocracy, and the donors are just like, nope, we're done.

1043
00:54:21,480 --> 00:54:24,319
Speaker 11: Look they're giving lots of money to the candidates, they're

1044
00:54:24,400 --> 00:54:27,000
Speaker 11: not giving lots of money to the party, right.

1045
00:54:27,160 --> 00:54:29,600
Speaker 1: And you know, I'm telling you this is such a

1046
00:54:29,640 --> 00:54:33,239
Speaker 1: good example of like a problem that is created. I mean,

1047
00:54:33,320 --> 00:54:35,839
Speaker 1: like there's no world in which any of this should

1048
00:54:35,880 --> 00:54:38,759
Speaker 1: be happening like Democrats. And you know, I just want

1049
00:54:38,800 --> 00:54:40,719
Speaker 1: to say one to think the polling when you look

1050
00:54:40,800 --> 00:54:44,839
Speaker 1: at the polling on this, like all people want when

1051
00:54:44,880 --> 00:54:47,520
Speaker 1: you look at Democrats, why they're mad at their own

1052
00:54:47,640 --> 00:54:50,560
Speaker 1: party is because they want them to fight. That's it.

1053
00:54:50,960 --> 00:54:52,720
Speaker 2: It's not even ideological.

1054
00:54:53,160 --> 00:54:56,080
Speaker 11: Just go out and fucking fight. It's the simplest thing

1055
00:54:56,280 --> 00:54:58,799
Speaker 11: in the world. They want you to fight, and they

1056
00:54:58,840 --> 00:55:02,000
Speaker 11: don't want sternly warded. They want people going upside the

1057
00:55:02,040 --> 00:55:03,920
Speaker 11: head of the bad guys. It's just that simple.

1058
00:55:04,200 --> 00:55:07,240
Speaker 2: And here we are, and here we are, Quick Wilson.

1059
00:55:07,080 --> 00:55:08,799
Speaker 10: Why we drove fast. We'll see you next time.

1060
00:55:09,560 --> 00:55:13,719
Speaker 1: That's it for this episode of Fast Politics. Tune in

1061
00:55:14,200 --> 00:55:19,600
Speaker 1: every Monday, Wednesday, Thursday and Saturday to hear the best

1062
00:55:19,760 --> 00:55:24,000
Speaker 1: minds and politics make sense of all this chaos. If

1063
00:55:24,040 --> 00:55:27,080
Speaker 1: you enjoy this podcast, please send it to a friend

1064
00:55:27,560 --> 00:55:29,160
Speaker 1: and keep the conversation going.

1065
00:55:29,640 --> 00:55:30,720
Speaker 2: Thanks for listening.