The Trish Regan Show - CBS'S CIVIL WAR—Network Moves to “Fire Them All” as Newsroom Power Struggle ERUPTS

Episode Date: January 25, 2026

CBS News COLLAPSES as FCC Warns Networks — Don Lemon Faces DOJ Indictment CBS News is imploding in real time. Sources say Bari Weiss is on a firing spree as employees revolt and a newsroom mutiny erupts. It’s the unraveling of legacy network news—and a warning shot to every broadcast outlet still in denial. President Trump’s FCC Chairman Brendan Carr is making that warning explicit. In a formal letter to the Big Three networks, Carr reminds them the Equal Time Law is real, enforceable, and about to be applied—ending the era of one-sided political broadcasting on public airwaves. Meanwhile, Don Lemon is learning the hard way that trespassing on private property in the name of “journalism” is still illegal. The DOJ is preparing charges, and Lemon’s role in the Minnesota church protest is now under serious federal scrutiny. Plus—polls may be soft, but President Trump has unveiled a bold, unprecedented strategy to rally the base: the FIRST-EVER MIDTERM CONVENTION. Think presidential convention energy—applied to the midterms. Trish explains why this could reshape the political landscape. Join Trish Regan LIVE for the FULL EDITION of The Trish Regan Show—one of the fastest-growing political and economic podcasts on YouTube. 🔔 SUBSCRIBE and remember to hit ALL notifications ▶️ https://Youtube.com/TrishReganChannel ✅ JOIN the Team to support independent journalism: ▶️ https://www.youtube.com/channel/UCBlMo25WDUKJNQ7G8sAk4Zw/join 📈 For financial insights, subscribe to Trish Regan's own research with The 76 Report: ▶️ https://76research.com — Use CODE: DOLLAR for special offer. ✅🔔 CHECK OUT MY NEW SPOTIFY SHOW AND PLEASE SUBSCRIBE FOR FULL DAILY EDITIONS: https://open.spotify.com/show/2blgbg4OaN5dqFhkBy12ii?si=HPdSujPDRrapZWtxbsgAjQ&nd=1&dlsi=979e048c08c04e13 Sponsors--#ad: Like my style? Want your own kind of special look? Head to https://DailyLook.com to take your style quiz and use the code: TRISHREGAN for 50% off your first order. Learn more about your ad choices. Visit megaphone.fm/adchoices

And we're live. Thank you for your patience. Wow, we had a lot of stuff to pack into this show today because a lot going on. As always, as we head into the weekend, everyone. I am Trish Regan. This is the Trish Regan. This is the Trish Regan show. Thank you for being here. Thank you for subscribing. If you haven't subscribed, do me the favor of making sure that you do. Plus, join the conversation. We are live, as I said, so I can see everything you're saying. Careful. CBS News. Oh my goodness. These guys are back in the headlines and it's not not for very good reasons. It looks like the new there, Barry Weiss, is having a really hard time. And I mean, really hard. You know, anyone could have predicted this coming, me especially because I once used to work there and am pretty familiar with the culture and how they're very state and they're very set in their ways. And all of a sudden,

this woman comes along and she's just been paid, what, $150 million for her free press site? And they're like, who do you think you are? You print lady? You opinion print lady. You think you're going to remake the newsroom and she's like, hell yeah, I am because that's what I was hired to do. I was hired by you see David Ellison, son of Larry Allison, to try and get you guys into ship shape. But you're talking about CBS News. That's where I hate to break it to you, Barry. You should talk to me ahead of time. Of course, I would have still told you to take the $150 million, right?

But I would have also advised you that this would be one thankless job where you would get to, well, just nowhere, really, really fast. I think you're actually going to have to fire the entire newsroom. if you're actually going to see anything fruitful out of this, you'll probably have to get rid of the unions, too. I mean, I don't really know how you bust up the joint, given the sort of entrenched culture that has been there for decades now. I mean, decades. You guys have heard my story, right? About how, you know, they still had rotary phones. I think Sharon, actually, who I'm going to talk about in just a second, Sharon Lfonso, who's there at 60 Minutes, she and I were North East Bureau correspondents together. She's actually a hysterical person, a really great woman.

And I don't even know if she's that liberal, frankly. I mean, she's from Texas now, originally from, I think, Mississippi. Yeah, Mississippi. And her husband was a Navy SEAL. So I don't know as she's extremely left, but everyone else in the building is. And apparently for some reason, Barry Weiss decided to pick a fight with Sharon. Not a good person to pick a fight with, only because the whole building loves her. Okay, they love her.

And Barry, they don't like you. And so I think you're all going up in smoke. Okay, so you get rid of Sharon. Great. You know, Sharon will find a job somewhere else, I'm sure. I think actually it would be great for Sharon to have another job somewhere else, for sure, because, you know, who the hell would want to work at 60 minutes? Seriously these days, I don't even know who's watching.

Anyway, so this is, you can see the headline in the Daily Mail, CBS News Veterans Facing Acts after speaking out against Barry Weiss, because apparently you don't speak to the boss like that. Well, they're having some hard times because they don't see her as the boss, right? They see her as a little chickadee that just came in and tried to tell them what to do. And they're like, no, no, no, no, we own this. I'll give you a good example. So the building that CBS News is in across the street, they had a somewhat better building.

It was called the BMW building because I think they sold BMWs downstairs. Anyway, that was where the 60 Minutes offices were. And like when I was there, so this would have been like 2005, 2006 when I was there, they were still smoking in the offices. Oh, yeah. You know, they were smoking up a chimney in there because they're like, how dare you tell us that we can't smoke in our offices? Or Andy Rooney.

Andy Rooney used to have an office right down the hall from me at CBS News, and he'd have cocktail parties. He'd bring all his friends over, and they'd sit there and watch the evening news, and he'd be like pouring the gin, which, you know, you get a kind of admire. That's the way to live, right? CBS News is like a relic, right? It's a dinosaur. It's from a whole other error, and there's something somewhat endearing about it. The problem is when you're in a new environment with a whole new medium, a whole new news medium, and people are used to accessing content in a very different way in a very

quick way, right, not in a very slow and steady way, then it just doesn't fly. On top of which, you layer in all the bias that's so inherent there in the entire building, and you got a recipe for a total disaster plus, you know, what a 20-some-on-million-dollar settlement that you had to fork over for one Donald Trump because you guys tried to influence the election, I'm sorry, I don't know how else to say it, but, you know, when you cut up Kamala Harris like that and you slice and dice her, when she's saying something that is completely incoherent and you actually make her sound sense, it makes some sense. I mean, hey, I got to tell you, one, whoever did that one deserves like an Emmy Award because that's what you call editing. And two, you can't do that, okay? And we live in a

different era now where things are far more natural, right? All natural. And so the canned, scripted, slow 60 minutes evening news is done and over. And you know what? If Sharon gets fired, more power to her because I'm sure there's better things that she could be doing. Scott Pelly, I mean, I don't know. I think poor Scott doesn't have much of a future doing really anything. Do I have a picture of him? I may. Oh yeah, he's the guy on the bottom. He's on his way out. like Clint's face it. He's all mad because they got rid of his executive producer who was the guy who was running 60 minutes, Bill Owens,

because Bill was upset because Sherry Redstone wanted to sell that puppy, right? Remember she? And so she settled the CBS suit with Donald Trump. And the guy who's the executive producer was like busting apart, like, you know, smoke coming out of his ears, and he resigned in a huff, and it was this big thing in the New York Times. Nobody really cared. Anyway, now Scott Pelly, who was his sort of talent that he produced, he got on the air and was like huffing and puffing to blow the house down. But that didn't really go anywhere. Because guess what? He's got a new boss. And the new boss says, I don't like you very much.

And David Ellison, who now owns the company, says, I don't like you very much. And guess, but we own 60 minutes and we pay your salary. So if you don't like it, please leave. Apparently this guy has a contract. They're talking about buying him out. They want him out of the building so fast, but here's my thought on it. It's not going to do you any good because you got Scott Pelly and you got 20 more little Scott Pellys where that came from.

So I don't think you got any luck changing anything over there. How are you going to do it? Think about this. When I worked there, always went out with a big camera crew, you know, a cameraman. It was lovely. somebody to do the lights, somebody to do the audio, et cetera, et cetera. But I also had a smart producer who knew that he could take a very small little camera somewhere and go and shoot everything himself. But you see, the union didn't allow it. So I wound up doing a ton of

stories down in Latin America. You wonder how I know so much about Venezuela, right? I mean, in addition to having traded their sovereign debt back in the day at Goldman Sachs, I was like, hey, let's go to Venezuela. We'll do a story down there because we could do it without bringing all the heavy camera equipment, but only out of the country. Because all the union rules were so strict. So they are way down by unions. They are way down by culture and they are way down by their ideology that's a super left. So where are you going to go? Apparently Sharon Alfonzi and Barry Weiss got into it. If you read in the New York Post, Alfonzi apparently blew up at Barry Weiss and said, hey, you don't get to produce me. This is my

story. You got that? You don't get to produce me. I mean, in fairness to Barry, all Barry was asking for us to make sure she had someone on record from the White House saying X, Y, and Z, right? Because they were going out, accusing them and this, that, and the other with the Seacot video that they had. By the way, everybody had that video. My own producer, David, was down there months ago before 60 minutes. Everybody had that video. So it was not like it was anything new. And Barry was like, okay, if we're going to do this story, we're going to advance this story and one way to advance it would be to see if we can make any news from the administration. Well, apparently the administration didn't want anything to do with it. And so Sharon accused her of

saying, hey, now the White House is going to dictate whether or not we get a story on the air. Here's my advice. What I would have done in that case, find the other side. Okay, I don't care if you're going to play a Fox News clip. Would it kill you? Would it kill you? Or a podcast clip, whatever you want to play. Just go out and get the other side of the story. It's called Journalism 101. And if the other side of the story, you know, doesn't want to talk to you. You find the other side on record somewhere, somehow. And, you know, maybe they don't look good because they didn't talk to you, but it doesn't matter. At least you put something in there. That's all Barry was asking for. Oh, my goodness, you'd think she'd

asked for the moon and then some. So they did finally air it. It was neither here nor there. Nobody really seemed to care. But in the meantime, you're now looking at Sharon probably being out of a job and Scott Pelly being out of a job, and I'm just warning Barry that, like, there's more where that came from. It's not going to fix it because you have systemically a problem in the institution itself. Someone actually mentioned this to the Daily Mail. They said a source that they spoke to, you know, I can be right on record. I'm just going to tell you, the place is a problem. And by the way, they're leaking like a SIF, right? They're talking to the media all the time. All the people in that building, they're all miserable. They hate Barry. She can't believe. They can't.

They can't believe she makes $150 million, you know, because of that free press, little website she put together. They added that CBS News is allergic to changes. True. True. Especially the 60 Minutes people. True. What I tell you about the smoking in the offices, right?

They lack respect for Weiss. True. This is exactly what I told you. Who previously ran the anti-woke outlet, the free press. They don't think Barry Weiss, quote, is qualified to be their boss. True. This is exactly how they feel. They don't want to set of it.

fresh eyes. They don't want anything. So you get the inmates run in the asylum and Barry's like, what am I supposed to do? And David's like, we got to fix this because David Ellison knows that the news is changing. But I don't know is he's got the right asset to help it. You know what I would do? Honestly, like if it were me, I would try and just stream everything. I'd get rid of the unions. I'd say we're going to change this product entirely. Hey, Sharon, you get a ton of personality. We don't get to see that on 60 minutes. Let me see it. Let it rip, baby. Let's like see the real Sharon Alfonzi. Scott, you don't have a personality. So sorry. You know, you're out. But let's find people with some pizzazz that we can actually put into a streaming

platform. And that's actually, by the way, where the opportunity is. Whether or not they stay on and whether or not they've got the gut up and go to go do something else like this, we shall see. As you guys well know, the only people that succeed over here are the people that, one, are transparent, two, have no affectations. I guess that's one and the same. And three, have a passion to be doing this and are willing to kind of, you know, let it all hang out, so to speak. I think our camera went off the other day, didn't it, right? On live air and there you were for all of it. All the blood sweat and glory, as they say.

Hey, make sure you're subscribed. It's really important, as you know. What are we doing? We're like nearly 1.2 million. Help me get to that 1.2 million. We are so, so close, you guys. It is critical. By the way, did you see the market today?

Kind of nice, right? Dad down a little bit, but, Most of the markets, you had the S&P and the NASDAQ, ending higher. Again, 76 Research.com. If you haven't gone there, please go do that. Check it out. We have three model portfolios on there. If you just want to get the 76 report, that's also very helpful for you.

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Trish Regan. Trish Regan, the whole thing, okay? You can tell them I sent you. It is really, really, really neat stuff. I'll tell you, the FCC, meanwhile, it's getting very serious about the media industry. It may be one of the reasons why you actually see a place like CBS saying, hey, hey, let's be careful. Let's make sure that when we put a 60 minutes report, on the air that we have both sides.

You know, for whatever reason, it hasn't quite caught up to the ladies on the view. No, no, no. Today, Joy Behar went on and on about why she doesn't understand, why she can't understand why Trump's not in jail. Why isn't Trump in jail?

What I want to know? Because he won the election and 75 million people still voted for him despite these facts. I mean, I hate to say it, we had the facts. If no one is above the law, and even if he did win the election, why isn't he in jail?

I repeat. I repeat. It's such that you cannot indict or prosecute a sitting president. And I think... It's been DOJ policy for a long time. And I've said this before. I really do believe that the reason that Donald Trump ran for the Office of Presidency again is because he wanted to avoid going to jail.

Yeah. Yeah. But Nixon, because, you know, like, Nixon went to... Nixon was going to go to jail. Yeah. They went to him and they said, where we're teaching you, and they're going to convict, and you're going to go to jail. But anyway, Nixon was quit. He quit.

So why doesn't this guy quit? Because he's not afraid of anything. He hasn't been held accountable. He's been saying since he came down the escalator that he could shoot someone and he would get away with it. Remember, Joy, Nixon, the Republicans around Nixon told him that they were going to impeach him. I know. He didn't have, he had, you know, a team of rivals around in situation. That's why all of this is on them.

It's on them. The Republicans in Congress right now. They're just an exhausting bunch, aren't they? Thanks to our friends over at NewsBusters, their great media research center for pulling that clip. They are just an obnoxious bunch. And they present this stuff as though it's fact. Like, you're the idiot if you are actually of the belief that Donald Trump should be there in office. It's reached a tone that I think has just become so disproportionate to what the rest of the country thinks of me,

of only to look at the election, right, to see that they were so darn out of touch with the rest of the of America, and it's one of the things that Brennan Carr keeps bringing up who's head of the FCC. He's making the point that, you know what, broadcasters have a duty. They have a duty via what's called the equal time rule that hasn't gotten enforced in a long time. And he comes along, he's like, you know what? I'm going to enforce it. And you kind of have to at this point, because that's what you're seeing on TV. If it's not that, it's this version of TDS. At least Joy Behar is like admitting that she does have TDS. She also talks about how she and Barack have been in therapy all these years.

Because they're dealing with the empty nest. I'm dealing with the next few years of Trump. Yeah. I think we need therapy. Yeah. This is your therapy. Yeah. Gosh.

I don't really want to watch Joy Behar's therapy on live television every day. Now, do you? I don't think anybody. does, which is why you see the rating's going way down. But the fact that they're still doing this, okay, the fact that they're just spouting this nonsense day after day after day after day, it's really reached a point where I think it's dangerous for the country. I mean, granted, it's great. Donald Trump won. But now we're coming up on another election cycle, and they're so biased in their coverage. And I just have to ask you guys, like at what point did they scare you? Like, it won't,

probably not you, right? Because you guys are like me. But what about everybody else in America? At what point does this echo chamber start to actually infiltrate its way into people's psyche? And then they start to worry, oh my gosh, you know, you see what's going on in Minneapolis and, you know, maybe he can come after me the way he's going after them. The answer is no. The answer is, hey, ICE has been around for a long time. And by the way, guess who used to use ICE very aggressively? Barack Obama.

Barack Obama. Remember that. Okay? So this is the reality, and I hate to break it to them. This is coming straight from their party. But when it's Donald Trump that does it, it's a whole other thing. And so there's no law being broken here. DHS has a responsibility.

There is a law on the books. You can't be in this country illegally. You certainly can't be in this country committing crimes and also being here illegally. And those are the people that they are seeking out, period, end of story. And you guys can sit there and you can say this all you want. But the reality is, the president of the United States is enforcing the law. And you guys over in broadcast television land have to recognize that so is the FCC.

Now, let me share with you what Brendan Carr sent out. He put out a tweet saying for years, legacy TV networks assumed that their late night and daytime talk shows qualify as bona fide news programs. Ha ha ha. Okay, even when motivated by purely political partisan purposes. Carr said today the FCC reminded them of their obligation to provide all candidates with equal opportunities. So what does that mean?

Oh, the view, you can't put Jasmine Crockett, who's running for Senate in Texas. Good luck. You can't put Mam Dami, who is already campaigning for whatever the heck his next campaign is. Gosh, I wouldn't be surprised if the guy tries to run for, well, he wasn't born here, right? He wasn't born here, so he can't run for president. Woo! Okay. But, you know, he's got big political aspirations. Don't underestimate that guy.

Wait till you hear his latest and greatest. I got some sound. I want to play for you because he wants to actually have, in the wake of all of the reporting on the fake daycares and the billions of dollars lost in Minnesota on things like fake daycares, he wants to put in universal daycare, universal childcare, in the city of New York for not just American citizens, but everyone.

Illegals too. I mean, I don't know how they're going to pay for it, but you know, these communists, they don't care about money. They'll just take it from you. And from anyone else, until they can't take it anymore because you see everybody leaves. Uh-huh. And they're already leaving, leaving New York in droves, leaving California in droves. But back to Mr. Brendan Carr.

He is targeting specific programs, including ABC News is The View. Jimmy Kimmel live. Oh, yeah, Jimmy. They say nothing at all. And those days are gone. Maybe not forever, hopefully not forever, but for now they're gone. We now have the full force of the White House and the commentators who have decided that their job is to support anything and everything their leader says and does, trying to convince us that a mom who just dropped her six-year-old. blah, blah, blah, blah, blah, blah.

So that's supposed to be a comedy show. I think you and I know, there's no way that's a comedy show. I keep saying he just needs to go to MSNBC. They have all kinds of holes in their schedule. Rachel's only doing one show a week, for goodness sakes, Jimmy, that's your future. And by the way, you can do that all you want. All right, here's the good news. There's no barrier on what you can say.

I mean, I think you get to even swear over there, Jimmy. You'll be all set, you know? Hey, tear up Trump every single night. maybe you'll have an audience for it. I doubt it. I mean, even MSNBC's ratings are really suffering these days, but you can take a shot at it, right? What I can tell you, you're not going to get anywhere with, and you haven't gotten anywhere with, is network television. So network television is governed by a different set of rules. You can go back to the 1934 Communications Act, okay? This was all put in, right? Wouldn't this have been, well, you're dealing with the 30s,

and they put all this stuff right into writing? In 2006, I guess, FCC staff decided that some late-night interviews could be exempt from what is known as the equal-time rule. But they never actually changed the law. So what they're now doing is a clarification of the law, if you would, a law that actually dates all the way back to 1959, so it's not a new regulation. It's just enforcement action. They're investigating why it is that they're not following this law that has been on the book since 1959. And in this case, we're talking about equal time for candidates so that one candidate doesn't get to dominate the airwaves. And, you know, I would just take it one step further and say, you guys have a duty,

and this goes back to the 1934 Communication Act, to serve your community. So equal time, yes. But I'd also say there's got to be equal representation of all sides, because all we get from these guys is constant Trump bashing and it's out of control. I mean, granted, a lot of Americans see through it, but hey, half the country doesn't. I'm not sure if we moved on to another piece. Amendment. Right, it's time.

25th Amendment is time. It's time. You would be in a lot of company. You believe at this point that the President of the United States may not have his full faculty? I felt that before now. Yeah, but the chairman of the case was yesterday. Well, no, there's been a lot of cherries on the cake.

There have been several. The cherries on this cake are enormous. There are so many. There are the lines in the sand. I mean, it looks like a stamp. There's so many lines in the sand. I mean, she's having a tough time. Really, really tough time.

She wants the 25th Amendment. Why? Well, I mean, it may just have a little something to do with the FCC saying we're going to crack down on this. So he's like, you're not going to get away with this anymore. I mean, and you have the president repeatedly targeting the view as he should. I mean, they target him nonstop and what? You're supposed to like roll over and play dead? I mean, think about how they always go after conservatives.

Always. I realize Mitt Romney's their hero now, but they went after Romney. They went after Reagan. They went after Bush. And it just so happens. The chumps there. Remember when they were going after DeSantis? Oh yeah, for like a week they were going after DeSantis.

hard on the view, why they thought DeSantis was going to be the nominee. And then they punted because they realized the big guy, the big cheese was actually it. So now they really want that 25th. And one of you guys, I saw in the comments here, you mentioned that they're the real fascists. And you're totally right when you say that because they don't care about any law. They don't care about rules. They don't care about our Constitution. It's their way or the highway. They want the 25th right now. And they want the whole cabinet gone. Well, Just think about how that would work because I hate to break it to you, but you need a vice president to enact the 25th,

and then you need the cabinet to go along. But they don't have any respect for our Constitution, the law, and certainly not this president. Listen to Whoopie here. A two-hour press conference about, I don't know what. It was, you know, look, he is sitting in a position. that is uncomfortable to me. Yeah.

I'm sorry. I'm uncomfortable with him. A lot of people do remember the 25th Amendment requires the cabinet around him to ask. Thank you. We're talking to that. Well, I know, but I'm just as a dose of reality, his cabinet is squarely with him. Yes. Though I do think.

And it's time for them to go, too. No, it's actually time for you guys to go. Like, that's a whole show. I mean, CBS News gets to, you know, needs to be blown apart. that show needs to go as well. And Brendan Carr is like helping things along. He pointed to the fact that the view, for example, in a 2025 study, had 128 liberal versus two conservative guests. 128 to 2. I mean, what kind of numbers are those? For goodness sakes, you guys. Again, you can do it in cable. This is what there's so many people don't understand. They're like,

like, oh, but that's censorship, that's, no, it's not. It's just saying you got to be down the middle of the fairway, okay? You got to have people from both sides. I mean, at least try, try to pretend you're not so biased, but a hundred and twenty eight liberal guests to two conservative guests, you know, that's a problem. And you guys are now under investigation for a variety of things, including now this concern about equal coverage. You know, you have a, you have a, you, I get it. You know, you can do this on cable and maybe you need a cable entity. No, you don't. You just need a streaming entity. And you stream now. I believe you have like a little weekend show that you tape on Fridays and you stream, right? The view is streaming now. So listen, guys, take it to streaming.

End your network television venture because it's not working out for you. It's not working out and you're only going to draw the wrath of one Brandon Carr and it's going to get ugly very fast. As it should. You know, this show should not be on the air in its current form, period. And I don't care if you bring in MTG. She's not enough. I don't consider her much of a conservative these days. Last time she went on that show, she was agreeing with all those ladies. Don Lemon, he wouldn't help you much either.

Don Lemon, the liberal-fired X CNN host that I know you don't like. He got off the hook yesterday, but only by an inch, because they're coming back and they're going in hard. The expectation now is that Pam Bondi is going to be filing for an indictment. So that just blows it up even bigger. He seems to want to taunt them for some strange reason. Let's go to Don Lemon trying to taunt the DOJ. Not a wise move, buddy boy. Look, I stand proud and I stand tall.

This is not a victory lap for me because it's not over. They're going to try again and they're going to try again. And guess what? Here I am. Keep trying. That's not going to stop me from being a journalist. You're not going to diminish my voice. Go ahead.

Make me into the new Jimmy Kimmel if you want. Because I'm not going anywhere and I'm going to believe the same things, whether you want to, whatever. None of this is about justice. This is about power and it's about people who are incompetent. How about how about it's about people like you who are just plain stupid, okay? Like getting really stupid advice from stupid lawyers like the woman you went. in there with who's now been arrested, okay? And she's so proud, she's, I'm a lawyer, I'm a lawyer, I'm an

activist, I'm a lawyer. Well, okay, if you're a lawyer, you would know that you actually can't go into a church. It's private property. So that would be, you know, a violation of the church's rights and the people that are there in the church. Oh, and then you factor in, you get things like the face, you get all kinds of things. So, Don, were you just being a journalist when you tagged along? Or the fact that you were out there with them as they were, you were, you preparing this, maybe that's actually going to get you in a little bit of trouble, just a little bit, right? As Harmeet Dillon said, she said this so brilliantly the other day, and it's worth listening to again. Because at first, and I'll be, you know, I was looking at, I'm like, gosh, you know,

if you're following the protesters and you're a quote-unquote journalist and you're there and you're videoing and you're, are you really in trouble too? I think where we have to draw the line in the sand is why would you go in and trespass with them? How did that happen? Watch. Imagine you have a bank robbery that's being planned by a number of criminals. The crossing state lines are using the wires. And then a podcaster says, well, let me embed myself in here and come along for the ride and live stream the crime. That would not be protected by the First Amendment. No. So Don E. Donald. Limon. I think you might be in a little bit of trouble. You know, who else thinks you're going to probably be in a little bit of trouble?

my friend Greg Jarrett, Greg is great. He's a really smart legal analyst and a sort of great sort of constitutional mind. I want to go to him speaking on Hannity's program last night because he laid it out there. And Don Lemon, you'll appreciate this if you're watching because he made the point that this is just a magistrate judge and basically you can take it to a higher court district judge or you can just go and file for an indictment so you can put all the evidence in front of a grand jury and see where they come out. So in other words, Don Lemon, is not off the hook. Let's go to Greg. Rejecting the charges against Don Lemon

smells fishy to me. And we may actually learn more about the magistrate's motivations, his bias, his conflict of interest, as Kevin pointed out. You know, legally, the magistrate would have to have decided that these prosecutors did not meet

the standard of probable cause. But, you know, just personally disagreeing with the wisdom or fairness of bringing the case, That's not a valid ground for overriding the charging decision. So, Sean, I thoroughly expect the DOJ to do one of two things here, either bypass the magistrate by going directly to a grand jury for an indictment against Dun Lemon or go to a real district court judge because, you know, a magistrate is really just a ministerial assistant.

You know, he handles misdemeanors and warrants and empties the trash cans. That's one way to put it. He's the janitor and he's filing forms and stamping papers. So in other words, take this thing to a real judge. That's what they're doing right now. So my understanding in the situation is that they're looking at bringing it to another judge or actually just going straight forward to the jury and getting the indictment against Don Lemon. So he's being smug. He's like, oh, you know, make me into your next Jimmy Kimmel if you want. He's thinking, how do I ride this to new fame? How do I become a bigger star? if we can even call him a star to begin with.

Like that, that would be a stretch. Definitely a stretch. I don't even know if he's over here on YouTube or on Spotify. I don't know exactly what he does. I see him occasionally on Twitter. Didn't he get fired by Elon Musk too? Woo! All right.

So poor Donny boy is up a creek without a paddle and the DOJ is common for him as we speak. The RNC is going to have some work to do. You see, Donald Trump is preparing for a whole new, convention? Right? I guess this is the idea because he needs to win. He wants to. By the way, we need him to win because I don't even want to think about what's coming down the pipe. I think that's why Clinton, by the way, is not bothering to come forward with any testimony. Hillary and Bill are like, well, why should we? We're going to wait and see what happens at midterms,

because if midterms come along, maybe we can get this guy impeached. I mean, that's where they're going, okay? So it's really important that Donald Trump win. And he kind of has to a plan in place to help gin up some support. And I think it's a good one. Here we go. Publicans moving ahead with plans to hold a first ever midterm convention. Woohoo. How about it? Hey, you know, why not? Any excuse for a party. I have covered many, many conventions throughout my career, Republican and Democrat conventions. I did it for Bloomberg television. I did it for Fox business. And I can tell you all, they are massive sort of joyous gatherings. People are really excited to be there. Really just jins up all this support. And by the way,

they got a bit of a logistical head start on the Democrats, who by the way, would only look like they're copying should they decide to go. And who would be leading their party? Who are they get Gavin News come up there trying to talk? Sparkle Beach Ken with his very slick back terror. Is that who you're going to put out? Connoll Harris, who talked about climate change forever, but then bought an ocean front property for $8 million in Malibu, right on the I guess she's not that worried about climate change after all. I don't know. I don't think you guys could actually pull off much of a party,

but I guarantee you the MAGA folks can and Donald Trump can. And you know what? He's going to need to do it. In all seriousness, he's going to need this right now because this is not looking good. I want to go to the New York Times-Syana poll that they were just debating on CNN. The president will hit the road next week to Iowa to get a jump on the upcoming midterms. As a new poll shows Democrats have a five-point edge. heading into November.

Okay, forgive me, that was actually Fox. That was definitely not CNN. But nonetheless, you get the point. A five-point edge heading into November. I'm going to warn you here, these are New York Times polls, and they have a certain built-in bias, and they like to sort of inject that in there

because they want to basically take all the oxygen out of the room, and they figure some of their polls can. So you get that going on. The other thing you get going on is that it's January. All right? We got a lot of time here. And in, like, politics, the day is everything. Certainly in this news cycle, nonetheless,

let's go actually over the CNN by I told you about. Among Generation Z, you go back a year ago, if my memory is correct. Donald Trump's net approval rating among Generation Z, those under the age of 30 was plus 10 point. And the most recent CBS News poll, Generation Z has net approval rating negative 32 points. That is a 42 point switcheroo.

In just a year's time, he has lost Generation Z. Go ahead, Brian. We know the good news for Donald. Trump is that he just has to beat the Democrats and they're less popular than they've ever been in history. That's, that's a very good point, right? I mean, so it's sort of like, you know, if a bear's common for you and you're running with your arch enemy, it's kind of slow. The bear's going to get your arch enemy, not you, right? So I think it's a valid point. And look, people are upset right now. They want prices to come down more. They want prices to be what they were, even though.

we're looking at 2 to 2.7% inflation, you know, people still remember the good old days. And I get it. Like, it's still very, very challenging. But there's a lot to be encouraged about. Again, the market ending the day higher on both the Dow and S&P. Yet again today, I've said to you guys forever, please make sure that you are subscribing to 76 research. 76research.com, my company, because I hope you're investing in this market. There's so much opportunity and upside ahead. But the reality is you've got a lot of people that are not, they're just a little bit disillusioned. You heard Harry there from CNN talking about young people because, you know, they were getting the support.

The Trump people were getting the support of young people and that's kind of fizzed out. So what happens for midterms? Well, first of all, I don't know as the young people are going to turn up in droves at midterms. So again, you've got to take all of this with a grain of salt. But I think what the president is trying to do is to gin up that support and to get people. people excited. And what better way to get it excited? And by the way, get a heck of a lot of television coverage out of it too, but to have a convention. So, um, I, I think it could help. I think it could work. You know, he's trying some other stuff too. I, I think that some of the ideas are

smart and some of the ideas are not so smart. Listen, part of me just keeps saying, all you need to do, Mr. President is just sit tight. Because think of all the good stuff that's happening. You get inflation coming down. You get the Fed moving in the right direction. I get it not fast enough. I know, I know, I know. But, you know, Powell's going to be out soon. You're going to have somebody else in there. They're probably going to lower rates. So you're going to have lower interest rates. You get all these productivity increases, right? Thanks to AI. I know it makes some people nervous, but the reality is, wow, right? We're getting all kinds of productivity increases. And before you freak out and say, oh, that's going to hurt jobs. I would tell you to remember a story that one of my friends told me the other day,

you know, when he was first on Wall Street, back in the day, you didn't have any of the communication opportunities that you have now. You didn't even have Excel, right? So think of all the painstaking work people would do, making all these spreadsheets and numbers like the old-fashioned way with calculators. And now you have all this technology that helps you. Well, guess what? You have like 20 times the number of people working on Wall Street today, as you did back then.

So actually, productivity gains do help you. So I think job growth is happening. I think you get inflation coming down. I think you have a lot of reasons to be optimistic right now, but the president's worried. He's worried about these polls he's saying. And so what is he doing? He's coming up occasionally, and you know, I call him out when I have to call him out. Friends do these things. He's got this one idea about capping interest rates on credit cards, which in theory, I feel like I'm talking to a socialist, in theory sounds good, right? In theory, because nobody wants high rates on credit cards. But if you tell a business, you can not charge more than 10% and they say, okay, I can't charge more than 10% by law. It's kind of like Mamdami's saying, you know what? The eggs are going to be 99 cents

today in the New York City grocery market, whether you like it or not. And, you know, you got a guy like Casmetidis who runs all the grocery stores. He's going to say, no. thank you, I'm going to take Gristadis right down to Florida, or I'm in a free market and I can charge whatever I need to charge because my margins are like this thin. So when it comes to credit cards and credit availability, it's the same kind of thing. If the Federal Reserve has rates here and you want the credit card companies to kind of just have rates here, well, they can do that for people that have really good credit profiles, but you've got a bad credit profile. What are they going to do? Is this like Barney Frank in the no, what was it, no income, no asset loans?

Remember Barney? I mean, he basically helped single-handedly cause the entire 2008 housing crisis because he wanted the government and the banks to just lend and lend and lend to people who should not have been lent to. Let's be honest. No income, no asset, nina loans, they were awful. And so I pause sometimes. I look at some of the policies that the president is putting forward.

This one may not be as well thought out, but he's getting to. a lot of pressure from the Dems and I would just remind you all of this. Anytime you can take this to the bank, anytime you are in agreement with Mad Max, as we like to call her, Maxine Waters, do the opposite. Okay, just go full on Seinfeld, pull a Costanza, because when Maxine Waters likes what you're doing, that's a problem. Listen to her. Trump said, and I quote, one of the biggest barriers to saving for a down payment has been surging credit card debt. The profit margin, let me just make sure I get this out of here, the profit margin for credit card. Okay, by the way, she can't even read.

This is kind of funny. Let's see, let's see. Companies now exceeds 50%. Not for everyone, by the way. Not for everyone. And don't forget, one of the things that they're trying to bake into this when they come up with their algorithms on who they're going to lend to is how many write-offs they get to take, right? Because somebody doesn't pay their credit card bill. Here we go.

The biggest, and they charge Americans' interest rates of 28%, 30%, 31%, 32%, what happened to usury? He went on to say, and I quote, I'm asking Congress to cap credit card interest rates at 10%. for one year. My amendment would allow Republicans to champion. Okay, so great. This is her amendment. So she and Trump are joining forces. No, I do not think so. Okay, like I said, pull the Costanza. Trump, run, run as fast as you can. The president's proposal to impose a simple one-year cap on credit card interest rates at 10%. This is an idea that has bipartisan support in the House and in the Senate. And I'm curious. if any Republicans on this committee will speak or vote in support.

Hopefully, most of the Republicans there, understand what's going on, right? And this is pure politics, and that's why he wants it for a year. And he can, I'm just going to tell you, not a good idea. Very slippery slope. We don't need to go communist when we are the greatest nation on the planet, because why? Red-blooded American capitalism, baby. That's what I'm about. That's not what they're about over in New York City.

You see New York City, rest in peace. I might as well just say it now because you get Mam Dami with his new plans to offer universal child care for everyone, including all the illegals. Oh, yeah. He's easy. You're illegal? Don't worry. We get your kid covered. Just vote for us, okay?

These are programs for every single New Yorker. These are not programs that are going to ask the. immigration status of any one of the children. All of those children are New Yorkers. They should all be enrolled in pre-K and 3K, no matter where they were born or where they come from. And we are also proud to be a sanctuary city. What a sanctuary city means is that we have policies in place, policies that have existed for years in this city that deny ICE agents access into schools, hospitals, city properties or even the properties of city contractors, unless those ICE agents can present a judicial warrant signed by a judge. We know that the vast majority of the time, ICE agents are not

presenting that kind of documentation. If they're presenting any documentation, it tends to be an administrative warrant, and oftentimes there isn't any documentation even provided. So we want to make clear the rights of every New Yorker that they have in the... Hmm. Somehow I don't think that's going to turn out the way some would like. What do you think? I mean, Nick Shirley, he did the reporting, right? Where he showed up at the Leering Center, where they didn't really have any kids there. And it turns out that wasn't the only one. I mean, we're getting fleeced all over the place, all over the place. I mean, you're talking about $19 billion, possibly out of Minnesota. You're talking about $70, $80 billion out of California.

There's talk of all kinds of fraud going on, and it's not okay. It's not okay. We, honestly, we need the money back. And Trump wants it back every time. Seattle brewing in California, the Trump administration says the state owes the federal government more than a billion dollars for health care given to illegal immigrants. William Lajines has a story from L.A. Hi, William.

Well, Dana, there are two stories here, right? One is how rising costs have forced blue states to roll back health care for those without legal status. The other is the White House crack down on eligibility. If states can't confirm those getting care are U.S. citizens, they have to pay the feds back. We are auditing aggressively, and we don't like what we see. In March, the Trump administration began auditing states that provide illegal immigrants with routine health care, paid for by American taxpayers. Their findings, seven states and the District of Columbia owe nearly $1.4 billion for using federal, not state money, for immigrant care. Topping the list, California, followed by New York and Illinois.

In California, we've already identified about $1.3 billion spent to take care of illegal immigrants. Under the law, states can only use federal money for migrants' emergency care. When you come for elective herding operations or dental cleaning, that's not going to be paid for by the federal tax. I get it. It's sad. You know, you bring all these people here. Thank you very much, Joe Biden. And now they can't take care of themselves. Well, in some cases, like we saw in Minnesota, they can take care of themselves pretty darn well if you ask me, as Donald Trump said, they're smarter than they look, right? We thought they weren't so smart, but clearly smart enough to figure out how to swindle everybody out of all their money. So that's one group of the population. But a lot of people come here because

they were promised this, that and the other from the Biden administration. And now that the hospitals, the state hospitals are stuck having to pay all these bills. And you know, you can't turn somebody away when they show up at the hospital and they need care. So what do you do? Well, they're dipping into the federal government's coffers. And the federal government said, hang on. We got a law on the books.

And the law says you can't use federal taxpayer money to pay for illegal migrants health care. They're illegal. So no can do. And yet they're doing it anyway. By the way, I said the term illegal. I said the term illegal. Fleecing of America, right? You're not supposed to say illegal according to one little schmo on CNN. I love, I just love this clip because Scott Jennings really just let them have it.

Let's take a peek. You don't forget to say the word illegals anymore. And you have the divorce, the person? Who are you to tell me what I can and can't say? I've never met you, brother. I can say whatever I want. They're illegal aliens. And that's what the law calls them, illegal aliens.

That's what I'm going to call them. Right. Listen, you can't say illegals anymore because ICE is directly targeting legal citizens of this country. And I... How are you going to enforce your edict on me? Just out of curiosity. Listen, I understand. But just listen to his point about illegal.

No, I want to know why he gets to instruct my statement. You're changing the topic. No, no, I want to know. You're making a point about the people being arrested. I understand that your job is predicated on just getting increasingly more demented every single week and that the audience comes back to see if perhaps you'll get... Make your point. My point is that you're saying the word illegals.

Because it's in federal law. really know what's happening. Or actually, I think you do. Sure, I do doing this on purpose. But the truth is... Yes, because I want the law enforced. They are not just targeting illegal immigrants. They are.

They are targeting natural-born U.S. citizens. They are not. That is a fact. You cannot deny that. I mean, you can on national television. They are not. They are not. A couple times in this very episode.

I still want to know how you're going to enforce your line. All right. We'll take that up on the break. We're going to enforce it. We're going to take that up in the break. I mean, wow. Wow. You can't say the word.

Illegal, illegal, illegal, illegal. I can sing it too. What do you know? Illegal, illegal, illegal. Gosh, you're going to come after me, little guy? I mean, this is crazy. This is really, really, really crazy, but this is where we are right now. So I would just go back to, okay, Trump wants to win. So he needs to basically let people know the economy's working. And it is And he needs to make sure that he stays on the immigration issue because this is one of the number one issues. One of the reasons he was elected. And you can't let people like the little schmo there on CNN tell you what you can and cannot say. I mean, enough with it. Okay. He won for a reason.

And we need to make sure that we lock down more power because if we don't, guys, you know what? I'm going to be perfectly honest. Like, we're going to go back to right where we started, where you. You had them trying to police speech. I had to, when I first started this show, like come up with another word for COVID, because I literally couldn't say COVID. You wonder why I got fired, right? I just let it rip over on Fox Business.

I didn't care. I still don't care. I mean, but I did actually have to be mindful of this because you get like a big red X. And so to this day, I think I still refer to it as March 2020. I don't want to go back to those days. Okay, I want a fair society where everybody has a shot and everybody can talk. And we are respectful of one another. And we love our country and we're proud of our country and we're proud of our culture.

And so, yeah, I see someone saying COVID. It's COVID. Illegal. Illegal COVID. Like, I'm going to say it all. I'm going to like Tourette's or something. The China virus, someone writes, listen, or a vaccine, you're right. peace of my mind, you couldn't say the word vaccine. It was like you'd get hit with this big.

And Mark Zuckerberg knew this was insane. He was on Joe Rogan's program explaining it all out, laying it all out. I mean, he was scared stiff, I guess. But I'll tell you, I don't want to go back to that. I really don't. And I don't think you do either. So it is important, really important. Trump is just common sense. And it's like nobody has any common sense anymore. And look, you know, sometimes he's got some off the reservation kind of ideas, like the, you know, the 10% cap on credit. I mean, I love it in theory. The problem is anytime you try to mandate something like that, you're actually going to restrict the credit markets and people just won't have access to capital. So there you go. You know, the people that really need it and have to

have it at one point won't be able to get it. So I do not like socialist or communist-style prescriptions for the economy. He's doing everything so perfectly. So we just need more, more, more, more, Give me more, give me more, give me more, just let it ride. This is a glorious time, and there's lots of good stuff happening. We're consolidating even the security of our hemisphere. When you think about what was accomplished in Venezuela, that was amazing. When you think about, oh, it looks like we're going to get a deal for Greenland after all, and that wasn't that heart.

You know, you just threaten a few tariffs, and what do you know? They all roll over and play dead because money talks. You don't need to send troops. money tax. And so being able to use efficiently your financial power is something that this president recognizes the significance of and does beautifully. Like no one else I've seen because you know what? Nobody else understands economics or business, right? They've never worked in that. You've got a community leader who was once the president of the United States. Yeah. Donald Trump is smart. He understands the economy.

He understands business. And he understands people. Don't underestimate that as well. So I think when it's all said and done, as we get into convention season, I might just have to go, right? As we get into convention season, listen, it's going to be a good one. So don't worry. Don't listen to those polls.

They're just noise right now. But do understand what's at stake. Because our future, our children's future, our grandchildren's future, all of it is at stake. I hope you have a terrific weekend. Make sure you like, subscribe, share. Go check out 76 research.com over the weekend if you have some time. Code word dollar if you want to get the 76 report. Make sure you look at the model portfolios. What else? Oh, and make sure you go over to Spotify. We're up to like 17,000 subs. Not quite the one point. Almost two million over here. But hey, I'll take it. You gotta start somewhere, don't you?

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