Top Story with Tom Llamas - Friday, July 18, 2025

Episode Date: July 19, 2025

Tonight's Top Story has the latest breaking news, political headlines, news from overseas and the best NBC News reporting from across the country and around the world. ...

Transcript
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Starting point is 00:00:00 Breaking tonight, President Trump suing the Wall Street Journal over their report about a birthday letter he wrote to Jeffrey Epstein. That new legal action against the publisher, two reporters, and one of the most powerful people in media, Rupert Murdoch. It comes after a rare reversal from Trump calling for grand jury testimony from the Epstein case to be unsealed. What would that grand jury testimony reveal, if anything? Also breaking tonight, 10 Americans freed in a prisoner swap, the three-way exchange also sending hundreds of Venezuelan migrants back to their home country after they were deported from the U.S. and sent to El Salvador's notorious mega prison. The deadly explosion at an L.A. Sheriff's Training facility, three deputies killed just hours after
Starting point is 00:00:43 two military-style explosives were brought to the center, what we know about the fatal blast. West Nile warning new cases of the virus reported in more than a dozen states, we speak with the family of a man fighting for his life in the ICU after being bid. surveillance video capturing the terrifying moments and escalator malfunctioned after a Beyonce concert, the scare that caused the initial stampede. The shocking move from CBS canceling The Late Show with Stephen Colbert, could this signal the end of late-night TV? Plus, the big, squeezy, why the smell of fresh lemons are replacing the scent of stale beer on the streets of New Orleans. And the big potential changes coming to your 401K?
Starting point is 00:01:22 Could private equity get involved and will crypto play a role in your portfolio? Top story. Starts right now. And good evening tonight as we're coming on the air, two breaking headlines involving President Trump and Jeffrey Epstein. The president pulling a 180, now asking for grand jury testimony in the Epstein criminal case to be unsealed. And late today, Trump filing a lawsuit over the Wall Street Journal's reporting tied him to the convicted sex offender. Reuters tonight reporting the president is seeking $10 billion in. damages. The president suing Dow Jones, which is the parent company of the Wall Street Journal, plus its owner, Rupert Murdoch, and two reporters for libel, asking for $10 billion, again,
Starting point is 00:02:07 that according to Reuters. The suit coming after the paper published an article last night, saying Trump sent a vulgar note to Epstein for his 50th birthday to be included in a book compiled by Galane Maxwell, which Trump denies. The report cites documents the paper says it reviewed, which NBC News has not. The legal battle now a clash between two of the the most influential conservative voices in media and politics, two men who were once allies on the national stage. The journal joining a long list of media organizations sued by President Trump, major TV networks, newspapers, national and local, even a book publisher. Vice President J.D. Vans coming to his boss's defense, appearing to claim the journal never
Starting point is 00:02:46 showed them a copy of the alleged letter and calling the story complete and utter BS. It comes as the president orders his attorney general Pam Bondi to ask for testimony in the Epstein case to be unsealed, grand jury testimony, whether it becomes public, now up to a federal judge. We have a lot to get to this evening. I want to start with Garrett Hake, who leads us off. Tonight, amid the ongoing firestorm over the administration's handling of Justice Department files on notorious sex offender Jeffrey Epstein, the president filing a libel lawsuit against the Wall Street Journal's parent company, owner Rupert Murdoch, and the reporters behind its article describing an album prepared by Epstein's former girlfriend, Galane Maxwell, for his 50th
Starting point is 00:03:26 birthday back in 2003. According to documents, the journal says it reviewed. The album contained letters from Trump and dozens of Epstein's other friends and associates. NBC News has not independently verified the existence of the documents. The Wall Street Journal says the letter contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand-drawn, and says the text consists of an imaginary conversation between Trump and Epstein. The president strongly denying the report saying, this is not me.
Starting point is 00:03:56 This is a fake Wall Street Journal's story, adding, I don't draw pictures of women. It's not my language. It's not my words. According to the Wall Street Journal, the written dialogue of the imaginary conversation includes the lines, Donald, Enigmas never age. Have you noticed that? Jeffrey, as a matter of fact, it was clear to me the last time I saw you. Donald, a pal is a wonderful thing. Happy birthday.
Starting point is 00:04:20 And may every day be another wonderful secret. Vice President Vance slamming the report, posting, where is this? letter. Would you be shocked to learn they never showed it to us before publishing it? Does anyone honestly believe this sounds like Donald Trump? All of it after that rare reversal from President Trump. Tonight, the Department of Justice asking a federal judge to unseal grand jury testimony related to Epstein. Following this overnight post from the president, based on the ridiculous amount of publicity given to Jeffrey Epstein, I've asked Attorney General Pam Bondi to produce any and all pertinent grand jury testimony subject to court approval. By law,
Starting point is 00:04:56 testimony is kept secret, with some limited exceptions. The president's sudden about face an attempt to silence an uproar from some of his most vocal supporters who wanted all Epstein-related material to be released. The president had blasted those supporters as weaklings for falling for what he called a distraction pushed by Democrats. The credible information's been given. It's people that are really doing the Democrats' work. They're stupid people. And today, suggesting there was no damaging information on him in the files, posting, if there was a smoking gun on Epstein, why didn't the Dems who controlled the files for four years use it? Because they had nothing. The controversy heated up after Bondi repeatedly teased the release of Epstein files.
Starting point is 00:05:42 It's sitting on my desk right now to review. But then the DOJ and FBI releasing a memo saying they had found no incriminating client list of Epstein's and that they would make no further disclosure. Gary Hake joins us tonight from inside the White House there. So, Garrett, when you asked the president earlier this week, he told you he had total confidence in Attorney General Pam Bondi, and yet you have new reporting tonight that some others at the White House might feel differently? Yeah, that does appear to still be the case, Tom. But there are some White House officials who feel like the president has been put in a position of having to clean up a mess created by the Attorney General with that memo, that she should have been the one to clean up, that that memo created a vacuum that the president had to fill,
Starting point is 00:06:23 with more information, putting him front and center in this story, when they would have rather it been his attorney general to do so. And on that filing, asking for those grand jury transcripts to be released, the DOJ argues that it is that enormous public interest that should be the reason that a judge rules in favor and releases those transcripts, although, Tom, that's a decision that could take quite some time to become public. Okay, Garrett Hake, leading us off on top story. Another breaking headline we are following tonight, the Trump administration, securing the
Starting point is 00:06:52 freedom of 10 Americans detained unjustly in Venezuela, according to the State Department. In exchange, the U.S. sending back 250 Venezuelans that were deported to a mega prison in El Salvador. NBC's Kelly O'Donnell is following the latest developments. And Kelly, just get us up to speed here, what exactly happened, and we're getting our first glimpse of the Americans that were released? That's right, Tom. We're getting some initial photos that show these 10 Americans who are making their way home. We have one image that shows that President Trump's envoy, was showing the 10 Americans who had been held by Venezuela's Maduro regime. That is an adversary
Starting point is 00:07:28 of the U.S. Tonight, they have been on a series of flights making their way back to the U.S. Officials say they are being swapped, and this is a deal that involves three countries, the United States, El Salvador and Venezuela. And the difference is that the Salvador and President Buckele is a close ally of President Trump. He has agreed to turn over 200 alleged Venezuelan gang members who had been deported to his country by the Trump administration. That got a lot of news earlier this year. And then they were held in that notorious Seacott prison in El Salvador. Now, those individuals, 200 of them, will go back to their native land, Venezuela,
Starting point is 00:08:08 and 10 Americans are the swap, and they are making their way home. It will take a little time. We don't have an exact return to the U.S. But this allows the administration to claim a win that they've been able to release wrongfully detained Americans, and they can also sort of deal with relations in Venezuela and El Salvador. And Kelly, I hate to put you on the spot. I am seeing some notes here that Maduro has already sort of responded on this, and he sort of sent a threatening message, if you will, to Bucheli. Do you, by chance, have that reporting? If not, I think I can find that note.
Starting point is 00:08:43 I have not seen that yet, Tom, but that does not surprise me, given the tensions in that region. The U.S. has had a very hostile relationship with Maduro. And at the same time, you could see how there would be a common interest of getting his own national citizens, Venezuelans, back in his country, and that that would be a benefit to him. And for Buceli, this is, you know, the prison has gotten a lot of attention, and there is an expectation in that prison they go in and they almost never come out. So this is development in that way as well. And, of course, this is all connected to the Trump deportation process. Yeah, Maduro base, essentially telling you, Kelly, migrating is not a crime and that El Salvador and him will pay for this.
Starting point is 00:09:25 We'll have to wait and see. Kelly, great reporting tonight. We thank you for that. Next tonight to that tragic scene in Los Angeles, an explosion killing three sheriff's deputies who were part of an elite arson explosives team. The sheriff calling it the deadliest day for the department in more than 150 years. NBC's Camilla Bernal has the latest on the investigation. A deadly and devastating explosion rocking the Los Angeles County Sheriff's Department. black cloud hanging over the Los Angeles County Sheriff's Department and our county family. Three highly trained deputies killed after what appears to have been an accidental explosion, according to sources familiar with the investigation. This is unfortunately
Starting point is 00:10:04 the largest loss of life for us as the L.A. County Sheriff's Department since 1857. Deputies were handling at least two military-grade explosives according to those sources, saying the explosives were retrieved last night, then transferred to the Biskaloo's training center. And at 7.30 this morning, an explosion. We have an explosion in a trader facility. Video of the scene shows the glass of this SUV blown out, signaling the blast may have happened next to the bomb squad vehicle. The deputies killed were part of the department's elite arson explosive team. Explosives are incredibly unforgiving and they are always dangerous.
Starting point is 00:10:46 Despite all your experience and all the precautions, if you make one little tiny mistake, there can be a tragic outcome. Tonight, the Sheriff's Department and law enforcement around the country mourning the three deputies who served between 19 and 33 years. It very much is a shock to me still. Some of the best deputies I've ever worked with. It's a big loss for the department. Absolutely. Camilla Bernal joins us tonight from Los Angeles. Camila, this is such a big investigation.
Starting point is 00:11:16 We know there's multiple agencies because it's so strange what happened here. It really is, Tom, and it's a huge investigation. In addition to the L.A. County Sheriff's Department, you also have state and federal agencies that includes the FBI and the ATF. And there's so many questions for these investigators, including why those devices were moved. Normally, these devices either get sent to a remote location or they get put into an explosive containment vessel. Neither of those things happened in this case. Our sources believing that a lot of these deputies maybe did not know or did not think that these devices were dangerous and instead thought of them to be safe. That was clearly not the case.
Starting point is 00:11:55 And now you have three families mourning the loss of these deputies and really an entire law enforcement community around the country. You see the fire trucks here behind me. They are getting ready for a procession. It is a really somber day here in Los Angeles, Tom. Okay, Camila, we thank you. Now to that stunning announcement from late night host Stephen Colbert. deciding to end the late show next year. The network saying the decision to cancel
Starting point is 00:12:17 the top-rated show was purely financial. But it comes just days after he blasted CBS's parent company for settling a lawsuit with President Trump. Chloe Malas has a reaction coming in from his friends and competitors. Well, I want to let you know something that I found out just last night. Next year will be our last season.
Starting point is 00:12:36 Stephen Colbert's live studio audience stunned by his bombshell announcement. I'm not being replaced. This is all just going away. CBS calling the decision to cancel the late show purely financial, adding it is not related in any way to the show's performance, content, or other matters happening at Paramount. Colbert's show, which tapes here at the Ed Sullivan Theater,
Starting point is 00:12:59 has been the top-rated late-night talk show for nearly a decade, the only other host, David Letterman, who made his debut in 1993. As host, Colbert became known for his political commentary. The New York Times says Trump's trade war could be his best. biggest economic gamble. But who better to gamble with our economy than a guy who somehow bankrupted his own casino. I'm kidding, obviously. It was multiple casinos. Earlier this week, Colbert slammed CBS's decision to settle a lawsuit with Trump for $16 million over a 60 minutes interview with Kamala Harris. Now, I believe this kind of complicated
Starting point is 00:13:40 financial settlement with a sitting government official has a technical name in legal circles. It's big fat bribe. CBS's parent company is also in the midst of a multi-billion dollar merger, which needs the administration sign off. President Trump posting today, I absolutely love that Colbert got fired. His talent was even less than his ratings. Colbert's ratings have been steadily declining, a person familiar with CBS's thinking telling CNBC that the show loses money for the network. The advertising revenue for network late night shows has been cut in half over the last seven years. Younger viewers don't tune in at 1135 like the older generation did.
Starting point is 00:14:19 Tonight Colbert's late night competitor Jimmy Fallon calling him one of the sharpest, funniest host to ever do it. Adding, I really thought I'd ride this out with him for years to come. Tom, a lot of people are wondering what is Stephen Colbert going to do next? Well, first of all, I can tell you I interned for him. He's a wonderful boss and this guy always lands on his feet. But when you look at other hosts, what have they gone on to do? to do. David Letterman, he had a show on Netflix that was very popular. You also have Conan O'Brien who had a travel show with HBO. So Colbert could do all sorts of things. But again, that's a
Starting point is 00:14:53 200-person staff. They have to look for jobs. They have about 10 months to do so. But really the big question on everyone's mind should be, what does this mean for the future of late-night television? And should other hosts be worried? Tom? Yeah, it's a big question. A lot of people are asking that. Chloe, thank you. And we're going to have much more on what this moment could mean later on in the broadcast. Stay tuned for that. We want to turn out a growing cases of West Nile across the country. One man in Colorado hospitalized after his family says he was bitten by a mosquito during a family barbecue. Sixteen states have reported cases of the virus this year alone. NBC's Priya Shrether has the latest on efforts to
Starting point is 00:15:30 contain the virus as mosquito season ramps up. I had the citronella candles, but that wasn't enough. Victoria Martinez's husband, James, hospitalized with the severe form of the mosquito-born illness, West Nile virus, after the couple hosted an anniversary barbecue in their backyard. And I thought that's weird. He had a bunch of little bites. His family saying he started feeling sick almost immediately and was rushed to the hospital, eventually hitting a fever of 108 degrees and requiring a breathing tube to survive. His brother not even recognizing him. When I first came to the hospital to see him, I was like, I can't believe this is my brother. As the summer heats up, doctors and public health officials warning conditions
Starting point is 00:16:16 are ripe for mosquitoes. We're seeing uptick in cases in West Nile virus, including unfortunately related illnesses, hospitalizations and the recent death. We've had rains that are unprecedented and a lot higher temperatures. That's like a perfect melting pot for these viruses to thrive. There have been more than 50 reported cases of the virus this year. In states across the country, according to the Centers for Disease Control and Local Health Departments. Philadelphia announcing today it had detected mosquitoes carrying West Nile in a city park, immediately jumping into action and doubling down on mosquito spraying. Activity will get ramped up in general.
Starting point is 00:16:58 This has been the same for the past several years because once we find that first positive case of mosquito that has West Nile virus, we know there's going to be more. Only about 20% of people infected will experience similar. according to the CDC. So if you think you've been bitten by an infected mosquito, doctors say keep an eye out for these symptoms. If you have a sudden onset of the worst headache of your life, if you have a stiff neck that is completely out of proportion to the activity you've been doing,
Starting point is 00:17:28 and if you're experiencing fevers that you can't reduce with fever reducing medication, get to a doctor as quickly as possible. All right, scary stuff there. Priya Shrether joins Top Story Live tonight. Is there any treatment if you were someone you love? of is getting bitten or gets bitten by an infected mosquito? Yeah, Tom, that's a great question. And the answer is, unfortunately, no, there is not.
Starting point is 00:17:51 But what doctors really want to emphasize, as we mentioned in the piece, is that the overwhelming majority of people who actually get West Nile virus don't even know they have it because they're asymptomatic. Only a tiny fraction about 1% get symptoms that are so severe like what you saw in the piece right there. And that's because the virus actually develops into a neuroinvasive disease that can impact your brain and spinal cord and can potentially be fatal. And in those circumstances, if you do get it, doctors say you just have to let it run its course. But there are things you can do to prevent yourself from getting it in the first place.
Starting point is 00:18:29 And the number one most important thing is to wear EPA approved insect repellent, preferably ones that have the chemical deat on the back. Doctors also say to try to avoid walking outside, walking your pets or going on hikes at dawn or dusk. That's when mosquito activity is at its peak. They also say, and this is going to be a little bit counterintuitive, Tom, because the height of mosquito season also coincides with the hot summers. But they say if you live somewhere where you see a lot of mosquitoes, maybe wear long sleeves and long pants to try to prevent yourself from getting bitten. Stay away from standing pools of water. If you see any of those around your house, try to drain them and also look at the screens in your windows for any holes and try to patch those up, Tom. Okay, Priya Shreithar,
Starting point is 00:19:18 a lot of tips here. We thank you for that. Still ahead tonight, the teenager who fought off an alleged kidnapper speaking out. You may remember the video showing the terrifying moments he tried to shove her into his truck. How she says she got away, you're going to hear from her tonight. Plus, new video of that scary escalator malfunction outside of a Beyonce concert in Atlanta. What's set off the initial stampede we may know tonight. And teenagers in Phoenix don't need a license to get around anymore. Waymo, now allowing miners into its driverless cars. Would you let your kid get inside or Steve Patterson takes a look and talks to a family? Stay with us. We are back now with an update on a story we brought you earlier this week. The chilling kidnapping
Starting point is 00:20:02 attempt caught on camera in Florida, the 18-year-old who fought him off recounting those horrified moments and the encounter that led up to them. Here's NBC's Jesse Kirsch. With this young woman screams piercing the air, investigators in St. Augustine, Florida, say her alleged attacker tried pushing her into a stolen pickup truck. But surveillance video shows the teenage store employee would not go quietly. She fought back. Just that I had to get away and I was terrified that he was going to hurt me. In a video released by the St. John's County Sheriff's Office, 18-year-old Emma Marine in her own words, now describing the traumatic June 29th ordeal.
Starting point is 00:20:43 It was just a normal day. Just... He came in an hour and a half before the incident, and then he just used the batheum and left. Marine says when the man came back, he started grabbing merchandise, and then she tried to stop him from leaving. I block his way. And then he said, what are you going to do about it? And then I sort of froze up a little bit. According to authorities, Marines attempted kidnapper is 31-year-old Theodore Michael
Starting point is 00:21:15 Tundadour, who fled and was later arrested. Hands on your head! He now faces multiple charges. NBC News reached out to his attorney, but has not her back. Meanwhile, the sheriff's office is applauding Marines' response, screaming, fighting back, and getting people's attention. I hope this can show other women and young females like myself that you can fight back and that it doesn't matter how small you are.
Starting point is 00:21:42 She's definitely a fighter. Jesse Curse joins us live now. Jesse, such a scary moment. But how did Emma find that courage to fight back? Tom, she says her parents taught her growing up when you're in a situation that is dangerous like that. You fight back. Obviously, police are applauding this saying she did the right thing by following that instinct. And moving forward, as you mentioned, Tom, this is certainly a scary incident. She says she does plan to be seeking therapy down the road here, Tom. Yeah, I'm sure. All right, Jesse Kirsch for us.
Starting point is 00:22:11 We want to turn out to announcement we've been following here at Top Story, Robotaxi Company Waymo, launching teen accounts. As many of us try to decide if we would get into a driverless car, a new question for parents now, would you put your 14-year-old in one alone? Steve Patterson has this one. Of all the ways for 14-year-old McKayley Whitlock to hitch a ride. Waymo. Nothing feels more natural than being driven without a driver. I'm a competitive figure skater, and so sometimes if I need to get to an early practice or if I need a ride home from
Starting point is 00:22:44 practice, I'll take a Waymo. Their family, among the first in Waymo's new teen accounts program. Earlier this month, Waymo, owned by Google Parent Company Alphabet, launched the service allowing Phoenix area teens aged 14 to 17 to catch their own rides with accounts linked to their parents. value has this added to your life? It's been a blessing. You know, I work full-time. My husband works full-time. So it gives us more flexibility. No driver, no parent, just a teen like McKaley on the road in an AI-powered robot. Teens can ride 24-7 across the entire 315-square-mile surface area. Is there some risk with that amount of autonomy? Like what kind of protections are in place
Starting point is 00:23:27 for teens? I mean, teens can share their status with their parents. So there's real time information exchange about where they are, where they're going, and there's a very specifically trained rider support team to help them if there's something that goes on in that team ride. Waymo already operates in five major markets for adults. While rare, there have been instances of the riderless cars malfunctioning, like for this man whose Waymo wouldn't let him out at the Scottsdale Airport. This car is just going in circles. Waymo says that incident was due to a glitch fixed with a software update and builds its tack as the world's most experienced driver. 88% fewer serious injury crashes than an average human driver.
Starting point is 00:24:07 I would rather her be in a driverless car with a better safety record than in a car with a new teen driver. Having never tried one myself, McKayley ordered us a ride. It's moving. Oh my gosh. This doesn't freak you out? No. For McAley, no cause for worry, just another Wednesday. Do you feel safer in this car than you would in a friend's car?
Starting point is 00:24:36 Yeah. You feel safer in this car than you would in your parents' car? Yeah. Wow. So you really do feel like this is the future and you're totally comfortable. Yeah. 100% yeah. The future, Waymo says, coming to more city soon, but to McKayley, already old news.
Starting point is 00:24:58 Steve Patterson, NBC News, Phoenix. All right. Still ahead tonight, the Lawmaker Brawl, video capturing the moment punches are thrown at a board meeting. Constituents running in to break it up. What exactly happened next? And rare great white sharks spotted at a popular beach destination. We'll tell you where these bad boys were seen. But first, top story's top moment. And this one comes with a warning. If you're watching this with a little one who still looks for money under the pillow, you know what we're talking about. You might want to cover their ears because tonight we're talking about one dentist with a magical, side hustle. Dr. Perva Merchant started an email account 20 years ago that was designed to keep dental school applications organized, but that email resembled what could be contact information for the tooth fairy. Dr. Merchant embraced the new responsibility and has been responding to
Starting point is 00:25:47 thousands of kids with cap tooth grins. Here are just some of the notes she has received. Take a listen. Dear tooth fairy, can I borrow my tooth back for one day? I want to show it to my friends please thank you once again from caroline i am so sorry i swallowed my tooth and i love you if i see you in person i will believe you if i don't that means you are not real i promise i will not tell anyone i saw you i never break my promise and every note is returned with a short message and her signature sign off don't forget to brush and floss happy growing up Love the Tooth Fairy. Love that. Okay, stay with us. We are back in a moment.
Starting point is 00:26:42 We're back now with Top Story's news feed. Charges are now filed against a teen in the murder of a paddleboarder in Maine this month. 17-year-old Devin Young of Franklin, Maine, appearing in court today on charges. He killed 48-year-old paddleboarder Sunshine Stewart. Police hear her cause of death with strangulation and blunt force trauma. The teen was arrested without incident on Wednesday night. Investigators say he was at the pond while on vacation with his family. An update on the chaos after a Beyonce concert we told you about earlier in the week.
Starting point is 00:27:11 New surveillance video shows crowds pouring into an Atlanta train station. The extra weight from the crowds causing the escalator to malfunction, forcing people to a pile up below. It happened after a 10-year-old girl outside screamed after seeing a bug sending crowds scattering leading to a stampede. Nine people were hurt in that incident. And wild video out of North Carolina showing two county commissioners brawling during a board meeting. Look at this.
Starting point is 00:27:35 Officials from Caldwell County releasing footage showing one of the elected officials shoving another to the ground. Other commissioners, constituents, and security officers could be seen trying to break the fight up. It's not clear what started the fight, but both officials have since apologized. A lobsterman capturing a rare encounter with multiple great white sharks. Here's what he saw. He was hauling traps in Harpswell, Maine Wednesday, when he noticed several fins. Yeah, just yards away from his boat, he quickly realized it was a group of Great Whites, capturing the moment on video, then reporting the sightings to state officials.
Starting point is 00:28:07 This took place close to where Maine's only deadly shark attack happened five years ago, prompting the community to issue a new shark warning. Yeah, I would too. Okay, moving on to Money Talks, President Trump today signing the landmark Genius Act into law. It's the first major piece of crypto legislation in U.S. history. The bill boosting crypto further into the mainstream, now offering a regulatory framework for a so-called stable coin in the economy. This is the Trump administration prepares to potentially sign another groundbreaking executive order,
Starting point is 00:28:35 paving the way for 401k retirement saving plans to invest in private assets. We're going to explain all this. So what could these changes mean for you and your money? Our senior business correspondent, good friend, a top story. Christine Romans is here to break it down for us. So, Christine, I want to start with the genius act. What is the stable coin? So it's a landmark regulation that kind of gives a regulatory framework around the stable coin.
Starting point is 00:28:56 What is table coin? It's something that is pegged. to either the U.S. dollar, backed by U.S. treasuries. A new type of cryptocurrency? It's a small corner of cryptocurrency. It is about $300 billion. So it's a small cousin to Bitcoin. Bitcoin's the one you all hear about that can go up and down for sometimes no reason.
Starting point is 00:29:15 Stable coin is stable. So it's supposed to be a stable store of value. Almost like a treasury note kind of? Almost, yeah. And this is the Treasury Secretary just got a note from the Treasury Department just a few minutes ago, saying this could actually drive demand for U.S. Treasury. because you need to back this sort of with reserve treasuries. So, again, this is something that brings what was a fringe part of the financial landscape,
Starting point is 00:29:37 crypto, into the mainstream. Okay, and then we've been hearing so much about private equity, right? And people who can invest in private equity, usually on the upper end of the economic spectrum, right? The upper upper end. Upper upper end, I should say. So now the president wants private equity to be an option for 401Ks. Explain that. He wants to open up this $14 trillion market to the big private equity.
Starting point is 00:29:58 managers. Right now, they have endowments. They have ultra high net worth individuals. They have some pension funds. Index funds, you know, public stocks, like all that. They want these big, these big private equity guys and women, but mostly guys, want access to that $14 trillion $401 market. Now here's the interesting thing. These private equity investments can be very high risk, very high reward. The president thinks Americans should have access to that part of the market. A lot of certified financial planners I've been talking to are still very car. cautious because they think most mainstream, main street investors need low-cost fee, you know, funds. They don't need drama.
Starting point is 00:30:37 So wait, to understand this, basically in your 401K, you'd have an option to invest in a private equity fund. Yes, exactly, in private equity investments. And look, some people say, look, we want to be able to tap into whatever's out there. Anybody, if the rich guys are doing this, we should be able to do it too. The thing is, you don't have as much money as the rich guys. And if you can't afford to lose it, you shouldn't be putting it in a retirement. 401Ks have been around for a while now, decades. They've done very well for a lot of people.
Starting point is 00:31:00 But now we're hearing about crypto and private equity coming into 401 case as well. Why the change now, is it time? It's the president. The president has close allies and supporters who are really bullish on crypto and on these big private equity funds. He's been backed by some of these people. The president himself, by the way, it makes money on crypto. He is three sons co-founded the world, you know, a crypto platform. The president himself made $57 million last year from that platform.
Starting point is 00:31:28 among other things. So the president bullish on crypto personally and wants to do it for the country. Christine Romans, thanks for explaining that one. We appreciate it. Yeah. Okay, to New Orleans now and the fragrance that's taking over the French Quarter. I know this sounds strange. If you've been to the Big Easy lately, you may have noticed the smell of stale beer has been replaced with something much more pleasant. NBC's George Elise following the scent on this one. Something smells in New Orleans iconic French Quarter. People can't seem to get enough of it. This is the best that's looked in years. It's a great thing to smell every morning. A fresh, dare I say, freshly squeezed departure from what streets like bourbon were previously known for. Beer, urine. Funky. It was stanking.
Starting point is 00:32:13 And that's where lemons come in. This story is all about making lemonade, sort of. It's the scent that for months has been permeating the air and bringing a new zest to the famous neighborhood, courtesy of large tankers and pressure washers literally delivering a lemon fresh scent to streets and sidewalks. Do you like that lemon fresh scent? I do. It's better than pee. The brains behind these lemon-scented lanes is Sidney Torres and his company, Ivy Waste. Every day, seven days a week, 365 days a year, we're spraying in the French quarter cleaning it and making sure that it's kept clean.
Starting point is 00:32:48 Torres says his patented, super fresh scent is more than just about smell. It disinfects, too. We couldn't go with a strawberry. We're in the south. We had to use lemon. So we went with lemon. And it smells good. It's fresh and it's clean.
Starting point is 00:33:01 There's nothing like a lemon fresh scent. But it could be short-lived. The city is now in debate whether to keep Torres' company around or go back to doing business with a previous vendor. Some residents sour about the potential change that could take place by the end of the month. It's the best company we've ever had, clean in the French room. I guess you take lemon and you make lemonade or you take lemon. and you make lemon-fresh streets.
Starting point is 00:33:25 George Solis, NBC News, New Orleans. All right, we thank George for that. Moving overseas, with Top Story's Global Watch, wildfires continue to rip across parts of Spain, leading to evacuations near Madrid. Fires scorched at least 6,000 acres in central Spain's Toledo region. Video shows first responders checking homes,
Starting point is 00:33:43 making sure people followed evacuation orders. Strong winds also fanning thick plumes of smoke towards the capital city. The latest fires come just over a week since thousands of acres burned in Catalonia. North Korea officially banning tourists from its brand new beach resort, Kim Jong-un unveiled the massive project in the southern part of the isolated country, claiming it as one of the greatest successes of the year. Speculation circling that the resort was quickly shut to outside
Starting point is 00:34:07 visitors after a small amount of Russians visited the site last week, and a Russian report questioned whether North Korean visitors were real tourists or, quote, mobilized by authorities. And rap and hip-hop icon Snoop Dog, expanding his empire to football or soccer for those of us in the state. The music mogul is now the proud co-owner of Welsh Football Club, Swansea City. I hope I pronounce that right for those fans out there. The star touting his love for the game in an announcement saying the move, quote, feels special to me, and that the club is an underdog that bites back. He's hoping that club will benefit from the beloved musician's massive social following.
Starting point is 00:34:42 I'm sure it will. When we come back, called out by Coldplay, I'm sure you have seen this somewhere on one of your social media platforms. They thought it was a private moment, but now it's been seen a round. the world. The investigation now launched by the company linked to that company. Stay with us. We're back now with the on-screen embracing around the world and continuing to take the internet by storm. A couple caught on the big screen at a cold play concert in Foxborough, Massachusetts, visibly uncomfortable with their unsolicited starring role, even lead singer Chris Martin taking note. Oh, look at these two. All right.
Starting point is 00:35:27 They're not being in a fair, and it's very sharp. Online users have identified the man as Andy Byron, the married chief executive of astronomer, a software development company. NBC has not confirmed his identity. The clip posted across multiple platforms has been viewed millions of times on so, so many platforms. We can't stress that enough. A company naming Byron in a statement today addressing the controversy saying, Astronomer is committed to the values and culture that have guided us since our founding. The Board of Directors has initiated a formal investigation to this matter,
Starting point is 00:36:04 and we will have additional details to share very shortly. We have reached out to Byron for comment and have not heard back. Now, with more on that major entertainment news we shared with you earlier in the broadcast, Stephen Colbert announcing CBS will end the late show on CBS next year. Colbert's departure as the top host in the time slot begs the question, what's next for late night? Joining us now is Ralphie Averza, host and producer of USA Today's, entertain this and a friend to top story. Ralphie, great to see you, great to have you on this. Here's the big question.
Starting point is 00:36:34 What does this mean for late night? Well, I think it confirms what we've thought for a while, which is this model of late night television, where you have a host who's making a lot of money and a show that costs a lot of money. If it isn't supported with the proper amount of advertisers, regardless of the ratings, it's not going to. going to work. And so I think that's what we saw here. I'm going to invoke a quote from the great Stephen Van Zand. He told Rolling Stone once, nothing is inevitable. And funny enough, he followed that up with something about the Beatles. Like, it wasn't just inevitable that the Beatles were going to meet and they were going to go on to make history. Funny that we talk about that now with the Ed Sullivan
Starting point is 00:37:07 Theater going back to 64 in the British invasion. But nonetheless, it's not an even if you're number one in your time slot, if you don't have the financial support, which is what CBS said in their statement, the show might not go on. You tied that up nicely. I, I, I, wasn't sure where you're going with, that was perfect. I like how you brought it all home. I do want to ask you, what's happened here? Is it the phone? Is it people on their phones? Because, I mean, I grew up watching Letterman and Conan O'Brien and Jay Leno, of course, and it was must-see TV, but is it still? Well, I don't think it's just the phone. I think going back to the money and the advertisers, it's how do you monetize the phone? Like, if Colbert does
Starting point is 00:37:43 a segment and it goes viral, how does CBS, how does Paramount, how do they make money off of that? But my question, my bigger question is, is it because people just aren't watching it at night? Have people moved away from that? You know, I'm older, I've got younger kids. I don't go to bed that late. It would crush me if I did. But when I was younger, I would love watching it. I'm just wondering if people are still tuning in.
Starting point is 00:38:02 I have heard from publicists on background that they do not get the same type of impact that they used to with late-night television placements. They weren't talking about Colbert specifically. Because Colbert was number one. Correct. I mean, he's number one, right? Across the board. Number one. Right.
Starting point is 00:38:15 He was number one for this year. And of course, he's been number one for a while now as well. So why would a network simply want to give that away? Well, if we believe Paramount in their statement, it's over money. So they say that's over money. A lot of people are asking questions because Colbert went after Paramount pretty hard when they settled with President Trump over the 60 Minutes lawsuit. Had a lot of jokes, took a lot of really, really hard blows against them.
Starting point is 00:38:39 Do you think that had anything to do with it? Is there any reporting to point that way? Well, there's no reporting out of Paramount, at least. any sourcing there that suggests that people inside Paramount were politically motivated in this move. However, we've learned today that the Writers Guild of America has issued a statement really criticizing this move and calling on authorities in New York and Los Angeles to investigate it. All right, Ralphia Versa, great to have you. Stephen Colbert, such a talented guy. I'm sure he'll do something else really great after that. Okay, next up here. You can't leave just yet
Starting point is 00:39:09 because after this break, we're looking at what to watch and listen to this weekend. A new documentary on the life and career of Billy Joel, plus new music from Bad Bunny and the Jonas Brothers. Ralphie Stain, so you have to hang tight as well. Bingeworthy. That's next. Welcome back. It is Friday, which means it is time for bingeworthy. Our look at the best things to watch and listen to this weekend. And tonight we have a bingeworthy All-Star.
Starting point is 00:39:36 Ralphie Aversa is still here with us, still making it work. This is a two-for for you. We thank you for coming on. We're going to get you a nightly news and a top story. mug. That's the consolation prize. So you got that. All right, so for bingeworthy, it's going to be a good weekend. I feel it. The summer I turn pretty on Amazon Prime, it's got a huge following. Here's a clip. We're going to talk about it on the back end. We're really lucky. You get to spend the rest of your life with a guy that you love. Not a lot of
Starting point is 00:40:01 people can say that. When I'm with Jair, everything is easier. But everywhere I go, there's a memory of Conrad. You just seem like you got everything figured out. Your life. in California, your career, and you're just all grown up. You know, you've changed a lot, too. This is a huge show for young people. I was just looking over here at the corner of my eye. Our young interns were looking, they were smiling,
Starting point is 00:40:25 they were lost in this beautiful show. Final season, season three, based on Jenny Hahn's three novels. That's what the notes tell me. Tell me about this. Why do people love the show? Well, people love the show because it's a fun coming of age story that in these characters because it's coming of age, they're complicated
Starting point is 00:40:40 and they're relatable as well. So, of course, just like young people. Exactly, exactly. So you see, obviously, on the internet, it's either Team Jeremiah or Team Conner for Conrad. God, it's one of those. Because Belly's caught between the two brothers. What's really interesting about these first two episodes, though, is they skip across pretty much the entire college years of these characters. And then there's a lot of flashback.
Starting point is 00:41:02 So if this is on your list for binge-worthy like it is for ours, you've got to pay attention. Okay. You're not scrolling while you're watching these first two episodes. Good note. Right, guys, right? Good note. They know. Okay, next up, we're going to Netflix now.
Starting point is 00:41:14 Eric Baina, love that guy, great actor. He's got a new series called Untamed. Let's take a look. 45 caliber? Execution style. I think the killings are connected. You're in this now now. I'm going to find out.
Starting point is 00:41:30 You have to stop beating yourself to death with memories. I was to tell you something. It may change everything. Looks good. Set in Yosemite National Park. So many people like to go to Yosemite in the summer. But if you can't afford it, you can watch a show. Maybe get that feeling there, right?
Starting point is 00:41:55 Exactly. So talk to us about this one. It's a murder mystery. A little Hollywood magic, too, because they actually filmed it in British Columbia. Get out of here. Yeah, but I talked with Eric earlier this week. USA Today will publish that on Monday. The horse that he rides in this series,
Starting point is 00:42:08 he actually wanted to take home with him to Australia. That's how much he loved the horse. He loves outdoors. He's got a cat and a dog at home. He loves animals. He loves pets. And he's been sitting with his script since 2018, 2019. Six episodes, about an hour each.
Starting point is 00:42:21 Netflix this weekend. Thriller, really, really good acting. Nice guy? Oh, great guy. Good guy. And I'm going to scoop my own story here just for you, Tom, because I love it. No, I love it. He told me that he is not interested in returning to the Marvel Cinematic Universe at all.
Starting point is 00:42:36 He was a Hulk, of course, in 2003. He's happy with what he's doing now. There's a lot of money there, too. Maybe he's okay. Might take a little more. You know what is? It's the cat. Once you get the cat, you're all good.
Starting point is 00:42:45 Burmese cats. This is one of my wrecks. This is on Netflix right now. It is called train wreck. It is about Balloon Boy. If you worked in news like I did, when this thing happened, this was the most ridiculous story that we were all on continuous coverage on. It's the backstory. It's great.
Starting point is 00:43:01 I almost came in late today because I was watching this. I was so locked in. Here's a clip of that. Richard always wanted to build a flying saucer. When he said, we're going to try to make a flying saucer. And we're like, cool. Look at this. Look at this. I'm like a kid now.
Starting point is 00:43:13 All I wanted to do is make a really fantastic project for the kids. Dad, Falcons in there! Where? We heard all this chaos in their backyard. They said Falcon got in the balloon and it took off. The biggest nightmare ever. Ralph, I'm going to take the steering wheel here. So if you remember, it's back like 2009.
Starting point is 00:43:31 This thing was just exploding. It was wall-to-wall coverage. But then they give this big interview on Larry King Live, right? And the little kid, the kid who was supposed to be in the balloon, slips and says, I did it all for the show, and their entire story unravels. What you will find out of this documentary is that this family is still sticking to their story, even though there are all types of videos, polygraph tests, all kinds of things that sort of questioned their story and their motives. It's great. The family is still really
Starting point is 00:43:56 kooky and entertaining. I highly recommend. Yeah, the entire family, you get to hear from in this, by the way, and it's only 52 minutes. Yeah, it was quick. Yes, binge-worthy friendly. Definitely binge-worthy-friendly. Okay, next up, this is great. Billy Joel, if you love him, We had a new docu series on HBO Max. Let's take a look. My own history as a musician started with me hearing classical music. Uptown Girl. It could have been a Mozart piece.
Starting point is 00:44:25 Are you the man singing uptown girl? That's me. Here I am dating this supermodel. Me? I'm from Hickster. You feel the enormity of the situation grow. When I first heard Billy, it was like, wait a minute. Who's this?
Starting point is 00:44:40 Billy's melodies are better than mine. Ralphie, I'm going to jump in here again. I know. I know we invited you. Here it is. Classically trained pianist, amazing guy. He has been so big over generations. Also a very hard worker. Married three times. All three ex-wives are part of this documentary as well.
Starting point is 00:44:57 If you love Billy Joel, if you love music, I think you're going to enjoy this. Your thoughts, Ralphie. You're going to learn a few things about Billy Joel. Even if you're a die-hard fan, I mean, the fact that he tried to take his life twice. You learned that in part one here. Also, that clip we just heard from Bruce, I find that fascinating. That's a very interesting debate between two great American songwriters. Who has the better music, the better melodies, Bruce or Billy?
Starting point is 00:45:19 Judge for yourself, part one is streaming tonight on HBO, part two next week. This premiered at Tribeca last month. Bruce fans are pretty hardcore, so I know those Bruce fans are going to say that. Speaking of music, Bad Bunny, got that residency going in Puerto Rico, Jose Diaz-Balart. He's live outside. He's been all over it. But a new song, he's introducing. starting the show with, let's take a listen.
Starting point is 00:46:08 Yeah, no, he's one of the biggest global music superstars in the world. And so this song is really interesting because you mentioned that Puerto Rican residency. So he debuted it there and his fans bootlegged it and it got millions and millions of listens. Of course, you know, sometimes it lives on, sometimes it gets taken down. But now he's officially releasing it, a song where he's singing about a love interest and having their photo tied around his heart with a chain link fence. Will it be on the deluxe album, a deluxe version rather, of the album that he just dropped earlier this year? We'll find that out later.
Starting point is 00:46:39 And that album is such a great piece of music. I've said this before on the show. I've traveled a lot of different places recently over the last two years. I hear it everywhere. I hear it all ends of the globe. People are loving this album. It's so great. I also love how he went back to his roots in Puerto Rico.
Starting point is 00:46:55 It has a lot of sort of old school salsa, marangay, all types of different sort of Latin music flavors to it. And it's still topping the charts. And people are not traveling to Puerto Rico, which is great to give that that wonderful place you know, an economic boost which it needs. So shout out to Biden. Boney's doing a lot of great things. Finally, the fine producer of bingeworthy, Aaron Cutch.
Starting point is 00:47:15 Well, actually, the new name? Is it the new name? She recently got married. Yeah, and she changed her Instagram name. She changed her Instagram. So it is official. Big Jonas Brothers fan, maybe one of the biggest Joe Bro fans out there. Talked about this one. New song. Let's take a listen. When I get a day like this, it's without a warning.
Starting point is 00:47:42 Brush it off and shake my attitude. I can't lose. Oh, man, I've got you can't have it. I may have it to keep smiling. And two thumbs up, so what do we think? Let me tell you something. I did not get two thumbs up from Aaron on Instagram when she found out that I was at that video shoot.
Starting point is 00:48:02 This one? I had one of the exclusive interviews with the Jonas Brothers for this song. I Can't Lose. It's going to be on their new album coming out August 8th. Greetings from your hometown. And no, that's not a nod to Bruce's greetings from Asbury Park. That video shoot was a partnership they did with MasterCard and Stand Up to Cancer. They actually debuted that performance during the MLB All-Star. Did they really play in the video? Yes. They really did play for cancer survivors and those that have stood up for cancer survivors as well.
Starting point is 00:48:29 That's incredible. I love when the MLB does that in the All-Star game. It's a great moment. Oh, what a moment. And this was a part of it as well. And they released the music video and Talk to me about the Joe bros. How are they doing? Are they still sort of top in the charts? I know Aaron, obviously, a huge fan. I mean, they have a loyal fan base, but they're still putting out a lot of new music. Now together, all three of them, which we love, right? Seventh Studio album, correct. And Joe, you know, what's interesting, though, is they still do their own things. Nick Axe, Joe put out a solo album earlier this year. He had a lot of personal things to talk about, of course. And Kevin, I believe, is an investor in a number of different
Starting point is 00:48:59 businesses. He also hosts that show Claim to Fame with Frankie Jonas, their youngest brother, on ABC. So they do have a lot going on, and then right after the album comes out August 8, they have a tour that kicks off at MetLife Stadium. That's a pretty big venue, and they go coast to coast. Okay. Ralphie Aversa, diehard Yankees fan. Where are the Yankees finish in the AL East? What do you think? Oh, first. Well, yeah, they're going to be okay. Yeah, I'm confident about that. Toronto, who? I don't know. Okay, Ralphie, so good to see you, man. Thanks for being here. Thank you for watching Top Story all week long. Have a great weekend. I'm Tom Yamas in New York. Stay right there. More news on the way.
Starting point is 00:49:35 When I get a day like this, it's without a warning, brush it off and shake my attitude.

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