Episode Transcript
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0:00
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into rewards. Good
0:34
evening. Once again, I'm Stephanie Ruhl. We are now
0:36
228 days
0:38
from the election and less than an
0:40
hour away from a midnight deadline to
0:42
pass the bill to fund the government
0:44
and avert a partial shutdown again.
0:47
Earlier today, the House passed a
0:49
$1.2 trillion government funding package, which
0:51
then went to the Senate for
0:53
a vote. That vote still
0:56
has not happened. So let's bring in
0:58
Sahil Kapoor, senior national political reporter for
1:00
NBC News. Why? Because
1:02
we need you to explain this to us,
1:04
Sahil. Why hasn't this vote happened? It's almost
1:06
midnight. Okay, well, Stephanie, they're
1:08
haggling over amendments right now. That sounds excruciating
1:10
and boring. It's because it is. But what
1:12
it all boils down to is that the
1:14
Senate can't vote on anything quickly without the
1:16
unanimous consent of all 100 members. And
1:19
they don't have that right now simply
1:21
because Republicans are trying to force votes
1:23
on a bunch of tough issues like
1:26
immigration, trying to put Democrats in politically
1:28
difficult positions, votes on amendments that some
1:30
centrist Democrats would actually support if it
1:32
came up. And that means
1:34
it would actually pass. It would change
1:36
the bill, which would then be forced to get sent
1:39
back to the House, which is just adjourned for a
1:41
two week recess. So then we would
1:43
have a protracted shutdown, which puts Chuck Schumer,
1:45
the majority leader, in this awkward position of
1:47
needing Republican consent to grant votes on amendments,
1:49
but having to make sure all of those
1:51
amendments fail. So look, this is only because
1:53
they left things until the last minute, Stephanie.
1:55
This is a 1,000 page bill, spends more
1:57
than a trillion dollars. It was released just...
2:00
yesterday and it passed the House just this morning, giving
2:02
the Senate very little time to do it. If they
2:04
had saved more time, they could have ping ponged the
2:06
bill back and forth from the House and the Senate,
2:08
but this is what happens when you wait literally until
2:10
the 11th hour to do your job. 11th
2:14
hour, I see what you did there. All right, then what's the
2:16
over-under? Is there gonna be a vote tonight or what? They're
2:19
still negotiating behind me and they haven't given up
2:21
hope on trying to get a vote tonight, but
2:23
we are going to enter into a partial government
2:25
shutdown because it's less than an hour away, even
2:27
if they come to an agreement right away, which
2:29
is far from certain. It would take
2:31
several hours to get through all those, both on amendments
2:33
and to pass in the bill. So the best case
2:35
scenario is we're looking at a technical government shutdown for
2:38
several hours if they figure it out. If
2:40
they don't get a deal and it's plausible they don't
2:42
get a deal to vote quickly, then this could drag
2:44
out until Monday, which means it would not be a
2:47
technical shutdown, not just be the weekend when a
2:49
lot of government workers don't show up to work
2:51
like most people anyway. It means some services in
2:53
the government could be suspended on Monday. It
2:56
means there could be a bunch of furloughs
2:58
of workers with hundreds of thousands of workers.
3:00
Essential functions like TSA screenings and air traffic
3:02
control would continue regardless, but Stephanie, this would
3:05
be the first government shutdown since 2019. All
3:08
right, Sahil, do not go too far. If
3:11
anything changes, come on back. We want live
3:13
updates. And while this
3:15
is happening, House Republicans who do
3:17
currently hold the majority could be
3:19
on the verge of yet another
3:21
battle over their leadership. Hard right
3:23
Republican Congresswoman Marjorie Taylor Greene is
3:25
back again. She filed a motion
3:27
to oust her speaker, Mike Johnson,
3:30
even as the House was voting on the
3:32
spending bill to avoid a partial shutdown. That's
3:34
when she did it. That bill was pushed
3:37
through by Speaker Johnson himself. Greene,
3:39
who is among the no votes,
3:41
says the bill was a win
3:43
for Democrats and showed Johnson had
3:45
betrayed House Republicans. It's
3:48
more of a warning and a pink flip.
3:50
And I do not wish to inflict pain
3:52
on our conference and to throw the House
3:54
in chaos. Time for us
3:56
to go through the process, take
3:59
our time. and find a new speaker
4:01
of the House that will stand with
4:03
Republicans and our Republican majority instead of
4:06
standing with the Democrats. This bill was
4:08
passed without a majority of Republicans. This
4:10
is a Democrat budget and it was
4:12
passed by Mike Johnson. Meanwhile,
4:16
the speaker is once again facing
4:18
a shrinking GOP majority. Congressman
4:21
Mike Gallagher of Wisconsin, who announced
4:23
last month he would not run
4:25
for reelection, said he would now
4:27
leave Congress much sooner, April 19th,
4:30
months before expected. That means
4:32
the party's already slim majority is
4:34
now down to just one single
4:37
vote. With that, let's bring in
4:39
our lead-off panel tonight. My friend John Allen
4:41
is here, Senior National Politics Reporter for NBC
4:43
News, Susan Glasser, Staff Writer for The New
4:45
Yorker, and Mark Leibovich, Staff Writer
4:47
for The Atlantic. Mark, it
4:50
seems like a lot of House Republicans
4:52
are mad at Speaker Johnson for working
4:54
with Democrats. Marjorie Taylor Greene said it,
4:57
no, this is a win for Democrats.
5:00
What about a win for America?
5:02
Isn't it the job to work with
5:04
other lawmakers on the other side of
5:07
the aisle to do very basic, crucial
5:09
things like keeping the government open? Yeah,
5:13
that's so quaint and old-fashioned. I mean, that is
5:15
not how this has worked. I mean, essentially the
5:17
fringe elements of the party, which is now the
5:19
mainstream element of
5:22
the party, like the Marjorie Taylor Greene of
5:24
the world, hold a veto on anything that
5:26
could possibly pass. And I think, look, I
5:29
mean, this has been hanging over Mike
5:31
Johnson since the day he became Speaker.
5:34
What's interesting about the guy who preceded
5:37
him, Kevin McCarthy, is arguably two responsible
5:39
things he did. One
5:41
was cut a debt ceiling deal
5:44
with the White House
5:46
and was the thing
5:48
that actually ended his speakership. I mean,
5:51
that was what did it for him.
5:53
So look, I mean, this is what
5:55
happens. This has become the chaos that
5:57
has defined the Republican conference, and this
5:59
will probably happen again. And look, I mean, as
6:01
you mentioned, I mean, the majority is down to
6:03
one, that's going to continue to but there's not
6:05
a lot more room or barely any room for
6:07
that to continue also. Susan
6:10
Marjorie Taylor Greene has gotten nothing
6:12
done on a legislative basis. And
6:15
she says she does not want to cause
6:17
chaos. How can she possibly
6:20
think that threatening to remove the
6:22
speaker isn't pure chaos? Well,
6:26
perhaps the comment wasn't on the
6:28
level. You
6:30
know, the whole situation really does
6:33
remind me of the
6:35
phrase that former speaker john vader,
6:37
who basically threw up his hands
6:39
and said, I'm out of here,
6:42
rather than deal with this kind
6:44
of tactics and that the motion
6:46
to vacate the chair, he called
6:48
the members of Congress like Marjorie
6:50
Taylor Greene legislative tourists. And, you
6:52
know, he said, essentially, and this was
6:54
already years ago, that the House Republican
6:56
Conference that he himself led had
6:59
become basically ungovernable. And I think
7:01
that's what we're dealing with here.
7:03
It's an ungovernable conference that
7:05
does not want to govern. And so
7:08
when they won the majority in
7:10
the house, essentially, the contradiction embedded
7:12
at the heart of this conference,
7:14
you know, became everybody's problem and
7:17
not just a sideshow circus. But,
7:19
you know, governing implies things like
7:22
keeping the government open. And,
7:24
you know, that's just incompatible with the
7:26
kind of person, Marjorie Taylor Greene is
7:28
in politics, not to legislate, but
7:31
to create a circus performance of sorts and to
7:33
see all those cameras in front of her, like
7:35
we just showed tonight, frankly, but with only one
7:38
vote, you got to wonder if there's one
7:40
more Republican out there who says like
7:42
Congressman Gallagher, you know, a neck of
7:44
this, and then we'd really have some
7:46
some chaos and some interesting times. I
7:49
do want to talk about that more. But
7:51
before we do that, let's talk about a
7:53
newly elected Democrat, Tom Swazie. He has replaced
7:55
George Santos. I want to share what he
7:58
said earlier about Mike Johnson. Would
8:01
you vote to help protect Speaker Johnson and his
8:03
speakership? Yes, I would. This is a comedy routine,
8:06
what they're doing, the idea of trying to kick
8:08
the speaker out for trying to keep the government
8:10
open. It's absurd. So I'm fed up with it,
8:12
and I'll vote to keep him a speaker. John,
8:17
there you have it, the guy from Long
8:19
Island calling it a clown show. Would other
8:21
Democrats join Swazi to protect Johnson just to
8:23
keep a general sense of order? Yeah,
8:27
funny thing happened on the way to Congress. The
8:31
tragedy tomorrow, comedy tonight, I guess,
8:34
Swazi saying this is comic. I
8:36
think that there are probably a handful of
8:39
Democrats that would vote to not have the
8:41
chaos. But to be honest, I mean, they're
8:43
trying to win a House majority. So
8:45
it's only the few that believe that
8:47
that would help them in their general election in
8:49
November. For most of the Democrats, we've already seen
8:51
what they would do. They
8:53
basically allowed Kevin McCarthy to get
8:57
jacked by his own caucus. And
8:59
I don't think they see any reason to bail out
9:01
this majority as they're going to go campaign against them.
9:05
I guess it shouldn't be a surprise,
9:07
but Kevin McCarthy tonight weighed in on
9:10
what's happening with Mike Johnson, comparing it
9:12
to, of course, his own removal last
9:14
year. Watch this. What's
9:17
happening in Congress today goes back
9:20
to when those eight Republicans led
9:22
by Gates partnered with every
9:24
single Democrat to decide who could
9:26
be Speaker. That's when Republicans
9:29
lost the majority. Mark,
9:32
what's the difference between what happened to McCarthy
9:34
and what's happening now? Well,
9:36
I mean, it hasn't happened quite yet.
9:39
I mean, it's first of
9:41
all, they're almost losing the majority. I mean,
9:43
by pure attrition. I
9:45
mean, Mike Gallagher leaving today, when you do get
9:47
a sense that people one after another are just
9:49
throwing their hands up and before you know it, you're
9:51
in the minority. So I mean,
9:54
in McCarthy's case, I mean, it was, you
9:56
know, you were piecing together a lot of
9:58
people with grievances. It just
10:00
seems like, as Susan said, I mean, it's a
10:02
legislative terrorist, but it's also just a few people.
10:04
And I do think, I guess
10:07
I would disagree with John a little bit in
10:09
that I think quite a few Democrats would sign
10:11
on to help Speaker Johnson,
10:13
probably because Ukraine aid is so vitally
10:15
important to so many of them. And
10:17
that is, you know, it's
10:20
quite tangible, I mean, to actually
10:22
getting something done in a budget.
10:24
But also, it's not
10:26
as if Democrats bailing out Republicans or Mike
10:28
Johnson specifically is going to bail out
10:30
Republicans as far as ending their chaotic
10:33
reign. I think, you know, that could
10:35
possibly lead to greater defections,
10:38
more defections. And frankly,
10:40
you know, I think help Democrats more down the road
10:42
if this continues. I don't think it's tenable for
10:44
Johnson. But I think he might see more of
10:47
that. And it could be an
10:49
interesting dynamic going forward. Let's
10:51
stay on this slim, slim, slim majority that
10:53
the Republicans now have, now down to one
10:56
vote. What do we know
10:58
about Mike Gallagher's decision to leave and to
11:00
leave early? Because now that
11:02
seat will sit vacant till November. Yeah,
11:06
it's a fascinating thing that happened. He's already said he
11:08
wasn't going to run for reelection. He was going to
11:10
stick around, help get things done and boom. Today,
11:13
you know, we were reporting on this this
11:15
morning, myself and Scott Wong at NBC. He
11:18
basically starts telling colleagues like, hey, I'm
11:20
out of here now. You
11:23
know, he is attributing this to
11:25
family personal decisions. But obviously,
11:27
what's gone on in Congress has rubbed him the
11:29
wrong way. He was a Republican
11:32
who voted against the impeachment of
11:34
Alejandro Mayorkas, the Homeland Security Secretary,
11:37
very much at odds with his party
11:39
and his caucus, very frustrated with what's
11:41
going on in Congress. And
11:43
you know, I think he felt like it was
11:45
time to get out and go to the private
11:48
sector. What that leaves Republicans with, though, is a
11:50
caucus that is that much less manageable. Everybody who
11:52
would sort of vote for what you would consider
11:54
normie things is now gone. They don't
11:56
have as many of those as they would like. They've got more
11:58
people who are. who are sort
12:00
of itching for dysfunction and
12:03
destruction. In fact, those two things,
12:05
dysfunction and destruction, are basically
12:08
a point for at least a
12:10
significant number of Republicans. Well,
12:12
then let's talk about what's motivating them,
12:14
Susan, because Gallagher's announcement comes just weeks
12:16
after Ken Buck suddenly decided
12:18
to leave. Are they sending a message
12:21
that they are so angry, they do
12:23
not care about helping Republicans hold the
12:25
majority? Is it their only way of
12:28
actually curbing the Marjorie Taylor
12:30
Greene offensive? They're
12:33
not curbing it. Essentially, they're throwing up their
12:35
hands and walking away from the fight. I
12:37
mean, I think that's really kind of the
12:39
macro story of the last
12:41
few years in politics,
12:43
really in the Republican Party, is
12:46
that you're seeing what
12:48
you might call team normal throw
12:50
up their hands and largely walk away from
12:53
the fight. Donald Trump and the Trumpists, if
12:55
you will, have sort of won the day
12:58
when it comes to the Republican Party.
13:00
It's not the same party that was
13:02
before. I've been really struck by the
13:04
fact that you've seen so many Republican
13:06
committee chairs leave Congress.
13:09
Carson Gallagher was somebody who had a
13:11
history of being respected by Democrats as
13:13
well as Republicans. He was working on
13:17
an area where there's a surprising
13:19
amount of consensus in today's Washington,
13:21
which is around policy toward China.
13:23
And that's just not the kind
13:26
of rational conversation that we're having.
13:28
And I'm just, I'm really struck
13:30
by the fact that Congress has
13:32
essentially been transformed into
13:35
a non-legislative body. It's
13:37
all about theatrics.
13:40
This Republican majority has been as
13:42
broken as anything I've ever
13:44
seen in American politics. The
13:46
repeated crises over their own
13:48
governance, inability to hold their
13:50
conference together, inability to pass
13:52
basic spending legislation. When I was a
13:55
young reporter on Capitol Hill, after
13:57
I graduated from college,
14:00
the early 1990s, the deadline
14:02
for Congress to pass these bills
14:04
is September 30th. That's the
14:06
end of the fiscal year. Here we're having
14:08
this conversation at the very end of March.
14:11
It's broken. In
14:14
my sense, lifetime, they have not
14:16
passed the spending bills by the
14:18
deadline. It's a
14:20
joke, basically. Campaign
14:23
slogans, vote for me, get dysfunction.
14:25
All right, new topic. House oversight
14:27
chairman James Comer was asked about
14:29
his beloved Biden impeachment inquiry today,
14:31
and I want to share what
14:33
happened. Where
14:36
are you attempting to go at
14:39
this point, Congressman? Well,
14:41
I want to hold accountability. That's what we said
14:43
all along. We said when he lost investigation, we
14:46
want to provide the truth to the American people
14:48
and then provide real accountability. So what does real
14:50
accountability look like? Does it look like impeaching Joe
14:52
Biden in the House and then the Senate tabling
14:55
it like they're going to do with
14:57
the Merrick Garland impeachment? Or does it
14:59
mean providing real criminal referrals to the
15:01
Department of Justice? I think the
15:03
latter. I believe that the best path
15:05
to accountability is criminal referrals. I
15:09
believe that I just heard a word salad and I'm
15:12
glad there wasn't a drinking game or you had to drink
15:14
when you heard the word accountability. None of that
15:16
made sense, Mark. What's going on here? First
15:19
of all, it's a pretty good idea. I mean, I didn't
15:21
come prepared here, but it would actually be a good drinking
15:23
game. It is late night. It
15:25
is late night. I don't think he knows what he's talking about.
15:27
I mean, a word salad is, I think
15:30
that's even generous. I mean, first of
15:32
all, the Merrick Garland impeachment, I think
15:34
he meant Alejandro Michorquez. I mean, this
15:36
is very, I mean, there was a
15:38
great moment, I think a couple of
15:40
days ago, Jared Moskowitz, Democrat of New
15:42
York, basically looked at Comer and Jim
15:44
Jordan during a committee hearing and said,
15:47
look, why don't you impeach him now?
15:49
I'll sort of forward it. I'm waiting for
15:51
a second. And no one said anything. I
15:53
mean, everyone, you know, no
15:55
serious person thinks this is a serious effort.
15:58
I don't understand why the scene. The ad tricks keep
16:00
going on and on because everyone looks even more foolish
16:02
than they normally do. This
16:04
is obviously going nowhere. More
16:08
foolish than they normally do. We're talking about
16:10
our elected officials. Before I let you go,
16:12
Susan, I do want to get your thoughts on
16:15
the deadly attack that took place in
16:17
Moscow today. The Russian Investigative Committee says
16:19
60 people were confirmed dead.
16:21
We're going to have more on this ahead,
16:23
but I know you have reported from Russia
16:25
for years. What do we need to know
16:27
about this? What's your take? No,
16:30
I was having terrible flashbacks today.
16:32
I was actually in Moscow. We
16:34
covered the Nordos theater siege that
16:36
was probably the biggest mass casualty
16:38
event like this back in 2004.
16:44
It's an enormous scale. It appears
16:46
that both dead and injured
16:48
at this large concert venue on
16:50
the outskirts of Moscow. I
16:54
was very struck by how quickly US
16:57
officials were putting out this American intelligence
16:59
and trying to say, listen, we
17:02
validated this claim from the
17:04
Islamic State, which has taken credit
17:07
for this horrible act. We'll
17:10
see what Russia says about this.
17:12
Obviously, it's not lost on anyone that
17:14
is coming right after an election in
17:17
Russia. Also, in the midst of this
17:19
war in Ukraine, there was an enormous
17:21
wave of Russian attacks
17:24
on Ukrainian cities
17:26
today and Ukrainian civilian targets.
17:29
I'm going to be watching with great interest.
17:31
I thought it was very notable that we
17:34
haven't really heard from Vladimir Putin himself yet
17:37
comforting the country in this
17:40
moment of horrible attack. All right. Susan,
17:43
John, Mark, thank you all so much.
17:46
We return. Trump's truth social
17:48
merger could throw him a much needed
17:50
massive cash lifeline, but it might not
17:52
fail him out of the financial trouble
17:54
awaiting him this coming Monday. We're going
17:57
to get into it and later to
17:59
former Congress. Congressman weigh in on
18:01
Marjorie Taylor Greene's move to get rid of
18:04
the House Speaker. All of this happening in
18:06
the middle of an election year. They're going
18:08
to have to explain politics to me because
18:10
it don't make sense. The 11th hour just
18:12
getting underway on a very busy Friday night.
18:19
When booking with other vacation rental apps,
18:21
sounds like this. This
18:24
place doesn't look like the pictures. Come on. The
18:27
door's around back. What
18:29
the? Is there a door
18:31
behind all those spiders? It's
18:36
time to try one that sounds more like a
18:38
vacation. Ah, look
18:40
at how many spiders there aren't. Where
18:43
should we lie down for eight consecutive
18:45
hours first? Relax. You booked
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a verbal. Time for
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a quick break to talk about McDonald's. Wake
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Offer valid one time daily March 11th through April 7th, 2024.
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Participating McDonald's must opt into
19:14
rewards. So
19:22
here is the question of the day. Now
19:25
that Trump's media merger between Trump Media
19:27
and Technology Group, the company that owns
19:29
Truth Social, and Digital World
19:31
Acquisition Corp. has been approved, folks are
19:33
now wondering if he can use this
19:35
money to cover his bond, like Elon
19:38
Musk did with his Tesla position to
19:40
buy Twitter. And now there's a
19:42
lot of chatter out there that his 79 million
19:45
shares in the company could, could
19:47
be worth more than $3 billion. But
19:51
here's the thing. Nobody actually knows how Trump
19:53
Media will trade, or if anyone is
19:55
willing to lend him big money against
19:57
the value of the shares. But here's
19:59
what we do know. This company is
20:01
losing tens of millions of dollars.
20:03
It generated only $3.3 million
20:06
in advertising revenue over the first
20:08
nine months of last year. And
20:11
the entire platform is basically
20:13
dependent on one man's posts,
20:16
Donald Trump. Plus, the shares are
20:18
locked up for six months unless he gets
20:20
a special waiver. So, the big
20:22
question for any real lender, what is
20:25
the real business plan for this company?
20:27
I don't know, would Trump donors or followers
20:29
pay like a monthly fee for true social
20:31
memberships so they could see his posts? Maybe.
20:35
Or is this just the beginning of Donald
20:37
Trump's meme stock? Because we have
20:40
all learned that meme stocks are
20:42
not long-term investments. Let's turn
20:44
now to CNBC's senior analyst Ron Insana
20:46
and former Wall Street banker turned journalist
20:48
Bill Cohen. He's a founding partner at
20:50
Puck News. All right, Bill. Here's
20:54
an analogy that I have been using today to
20:56
describe this. Trump's followers, who are
20:58
theoretically going to buy up the stock, hold
21:00
it up for their trusted leader because they
21:03
love this guy, is akin
21:05
to his most devoted supporters storming
21:07
the Capitol, going to jail while
21:10
Trump watched, didn't pardon any of them, didn't cover
21:12
their legal bills. And what did he do? He
21:15
goes on throwing parties at Mar-a-Lago, running for
21:17
president, and living his life. So,
21:19
now here we are. They're going to buy
21:21
up his shares, prop it up, and potentially
21:24
he will then dump his shares into their
21:26
laps and he'll keep on trucking with the
21:28
dough. Yeah,
21:31
I saw you tweet about that earlier
21:34
tonight, Stephanie. And you
21:36
know, so you might be able to say it's
21:38
Donald Trump business as usual. He's
21:41
one lucky guy. Is that how you see this?
21:43
He's one lucky guy because if this had
21:46
not happened today, he'd be
21:48
really in trouble come Monday. Now
21:51
he can make a colorable argument, not a great
21:53
one, but he can make a colorable argument that
21:55
now he's got something worth $3 billion,
21:58
maybe. perhaps
22:00
somebody will lend him something against,
22:03
maybe one of his very wealthy friends, of which
22:05
there are a big handful who
22:07
might be willing to do this for him. But
22:09
as you said, Stephanie, this company
22:12
has basically zero revenue, making tens
22:14
of millions dollars of losses. It's
22:16
gonna be a meme stock. If
22:18
he goes to sell his stock,
22:20
it's gonna trade down dramatically, like
22:23
most SPAC stocks do anyway. So
22:28
I don't know anybody who's gonna take this risk, unless
22:30
they just wanna be in tight with Donald Trump. Okay,
22:33
but that's the thing. Ron,
22:35
yes, he does know some really wealthy
22:37
friends, but this company, all
22:39
it is, is Donald Trump's posts.
22:41
Without them, there's nothing there. Like,
22:44
is anyone paying attention to history
22:46
repeating itself? The last time Trump
22:48
had a publicly traded company, it
22:50
failed spectacularly. It was a casino
22:52
company, of course. And it even
22:54
traded under the symbol, DJT, which
22:56
this will. Does anyone pay attention
22:58
to this? Oh, I know the
23:00
story quite well, Stephanie. I covered it back. I
23:03
know it was a fact. There was a now late
23:05
analyst on Wall Street, Marvin Rothman, who had very negative
23:08
things to say about the prospects for DJT. Donald
23:10
Trump sued him. Marvin
23:13
won the lawsuit and actually won enough money
23:15
to go out and start his own business,
23:17
because he was right about what happened to
23:19
DJT Enterprises, which was a series of casinos
23:21
in Atlantic City. Very hard to lose money
23:23
in that business. Donald Trump found a way
23:25
to do it. In this case, as
23:27
you say, I mean, is somebody willing to put up $500 million
23:31
and take the risk that that's going to
23:33
depreciate almost immediately once DJT goes public, particularly
23:36
if they know at some juncture he's going
23:38
to be selling shares? That's a
23:40
tough call. Even billionaires don't like to lose the
23:42
$100 million or $200 million or $300
23:45
million. So they're gonna have to
23:47
really be comfortable taking that kind of risk.
23:50
Okay, but that's exactly the point. Even
23:52
billionaires, they became billionaires
23:55
because they're smart, smooth
23:57
investors. Bill, so...
24:00
If one were to do this, it would
24:02
be public that they bought up these shares,
24:04
that they then toppled in their face. Or
24:06
if they decided they were going to be
24:08
the person that was going to put up
24:11
the bond for Donald Trump, wouldn't that cause
24:13
so much scrutiny for this person? Wouldn't
24:15
that have people wondering, what on earth
24:17
do you need a potential next president
24:19
to fix for you that you
24:22
would do something like this? Well,
24:24
of course, Stephanie, it would raise those kinds
24:26
of questions. That's
24:29
why this is a very, very
24:32
sketchy situation. But again,
24:34
I get back to the fact
24:36
that until today, like yesterday, he
24:38
couldn't have offered this as a potential
24:41
asset for somebody to lend against. Now
24:43
by some miracle of this shareholder
24:45
vote today and potential waiver of
24:47
the board letting him sell earlier
24:49
than six months, he might actually
24:52
be able to pull this off. He might
24:54
be able to find somebody. This
24:57
guy who owns 15%
24:59
of TikTok, who's a big Donald
25:02
Trump fan, might lend him $500 million
25:05
against that DWAC SPAC stock. I
25:07
wouldn't do it. You wouldn't
25:09
do it. And it'll certainly
25:12
trade down and it may not be a
25:14
good investment, but that guy may not
25:16
care. And there are other
25:18
ways to do it, Stephanie. You're talking about the co-founder
25:21
of Susquehanna, who is a huge investor
25:23
in TikTok. Of course, Donald Trump said,
25:25
I don't want to see TikTok getting
25:27
banned. It all stinks to the high
25:29
heavens. Do you think, Ron, this
25:31
is the reason Donald Trump really
25:33
hasn't returned to Twitter? Because his
25:35
posts are the only thing keeping
25:37
true social afloat. And true social
25:39
is Trump's money ticket to get
25:42
out of jail, theoretically.
25:44
Not literally. It
25:47
didn't really become actual
25:50
money until the SPAC
25:52
deal was closed, until the Acquisition
25:54
Corporation and Donald Trump's Truth Social,
25:56
the shareholders agreed to engage in
25:58
the merger and go public. Had that
26:00
not happened, had it been voted down, his shares would
26:02
have been worthless. You know, there is one other way
26:04
he can get money from this, which is an off-market
26:06
transaction. If you were to find a willing buyer for
26:08
1.6 of his stake, $500
26:12
million versus the presumed $3 billion it's
26:14
worth, you can do an off-market transaction
26:16
and just sell it in a single
26:18
block to someone else, highly unlikely. There
26:20
are ways for him to monetize this,
26:23
but yeah, he is the only asset
26:25
that Truth Social has. And from
26:28
a business perspective, I agree with Bill entirely. It's
26:30
not a great proposition. Stock will probably
26:32
trade down, but he might have just
26:35
enough in the way of
26:37
a stake in this company to get out of Dodge
26:39
and pay that money that he needs to pay to the courts in the
26:42
next several days. It's a
26:44
bad business move, so you'll have to wonder why
26:46
would someone do it? I'm out of time, but
26:48
quickly, Bill, any shock Trump files for bankruptcy, he
26:50
knows how to do that very well. Well,
26:53
he does. He's never filed for personal bankruptcy, as
26:55
you know, Stephanie, as he's the first to point
26:58
out. But until this merger
27:00
was agreed to today, I would
27:02
have, he would have be filing personal
27:05
bankruptcy on Sunday night. Now I think he's gonna
27:07
announce some sort of deal on Sunday night. You
27:09
know, he's Mr. Drama. He's gonna do it on
27:11
Sunday night just before everybody thinks he's gonna not
27:14
be able to pull this off. We'll
27:17
see. Gentlemen, thank you so much for being
27:19
here. And if you want more of this
27:21
story, I've got a whole analysis piece up
27:23
on msnbc.com right now. Check
27:26
it out. When we return from new
27:28
threats to oust the speaker, tomorrow, Republicans leaving
27:30
Congress, it is just another day on the
27:32
Hill, making a mess and
27:34
getting nothing done for America. We're gonna break
27:36
it down with two former congressmen who know
27:39
it all too well. Mayla McBower continues. We
27:49
need a new speaker. This is not personal
27:51
against Mike Johnson. He's a very good man.
27:53
And I have respect for him as a
27:55
person, but he is not doing the job.
27:57
He passed a budget that should have never...
28:00
been brought to the floor, did not represent
28:02
our conference, and it was passed with the
28:04
Democrats and without the majority of the majority.
28:09
It's a special night when we're mentioning Marjorie
28:11
Taylor Greene throughout the show. She has
28:13
officially filed a motion to oust Speaker
28:15
Mike Johnson. That is why we're talking
28:18
about her. Her move comes as multiple
28:20
House Republicans are heading for the exit
28:22
doors, leaving their majority hanging on by
28:24
a thread. If you haven't been keeping
28:26
track at home, Johnson has only been
28:28
Speaker for five months. Kevin McCarthy barely
28:30
held on for nine. Now, with these
28:32
other fellas gone, Republicans only have one
28:35
single vote to spare on legislation. Back
28:37
with us tonight, two men who
28:39
understand political dynamics in Congress, former
28:42
Democratic Congressman Conor Lamb and former
28:44
Republican Congressman Charlie Dent, both of
28:46
Pennsylvania. Charlie Marjorie said
28:49
today is the fight she, quote,
28:51
wants to have in an election
28:53
year. Is this
28:55
smart politics and an election year? Well,
28:58
I can't begin to tell you, Stephanie,
29:00
how idiotic this move is,
29:03
because look, they have a very slender
29:05
majority, a one vote
29:08
majority to begin with. I mean,
29:10
it's clear she does not want to be
29:12
in the majority. So think about it. In
29:14
eight months, there is an election where this
29:16
very slim majority is already at risk. The
29:18
House could easily flip. So
29:20
why not have another GOP
29:23
circular firing squad now
29:25
or whenever she tries to move this
29:28
motion to vacate? Why
29:30
not do that again? I mean, that's the thing.
29:32
It is beyond absurd. It is pure
29:35
lunacy that she somehow thinks
29:37
this is a good idea. Now, luckily
29:40
for Mike Johnson, it sounds like some
29:42
Democrats may not allow her to succeed
29:44
this time, unlike with Kevin McCarthy. But
29:46
as a political matter, it is just
29:49
beyond stupid. Democrats,
29:51
to save Mike Johnson, I potentially never thought I'd see
29:53
the day. Connor, what do you think this all means
29:55
for House Republicans? Well,
30:00
I think it just reveals they don't know what
30:02
they stand for. I think that's why they're having
30:04
so much trouble keeping their own
30:06
members. I mean, they have talented people like
30:08
Mike Gallagher quitting on them, and
30:10
they can't decide whether it's Kevin McCarthy or
30:13
Jim Jordan or Mike Johnson, whoever it is,
30:15
because they're not they're not actually debating like
30:17
a series of policy issues that they disagree
30:20
on, disagree on or anything like that. It's
30:23
just a power struggle among a bunch of people
30:25
who don't know how to use the power that
30:27
they have. And I think that's because
30:29
the whole party is based around Trump, now
30:31
the person. But
30:33
these guys are in Washington having to take votes
30:35
on a multitude of issues. You know,
30:37
they release budgets, doing things like raising the
30:39
age of Social Security in an election year
30:42
when people are already struggling with inflation. So
30:45
they're just lost in the sauce, as we might
30:47
be used to say in the military, and they
30:49
don't know their way out. So they're they're actually
30:51
kind of like children, in my view. And
30:54
I think that's going to put them back in the minority. I
30:57
want to talk about that Social Security move.
31:00
But first, Charlie, I am guessing you're on
31:02
like a retired Republican group chat. So you
31:04
might know this answer. When Ken Buck announced
31:07
he was retiring, he warned that more
31:09
Republicans could leave. Now we hear about Mike
31:11
Gallagher. What do you think is coming next? Well,
31:15
at this rate, House Republicans could be in
31:17
the minority by Memorial Day if the resignations
31:19
keep going at this rate. Well, I don't
31:22
want to particularly speculate about who will be
31:24
next. There may be. But you
31:26
know, you have to look at those members who have
31:28
already announced that they are retiring. You
31:30
have to look at that list of people who
31:33
might decide to resign early. Just think about it.
31:35
We lost about Republicans have lost about five members.
31:37
You think about McCarthy, Santos,
31:39
Bill Johnson of Ohio, Gallagher and
31:41
Buck, who all announced that either
31:44
have left or expelled, or will
31:46
soon be leaving. But you know, look
31:48
at maybe Kay Granger today of Texas. She's
31:51
had a distinguished record. She served a long
31:53
time. She just announced today that she's stepping
31:55
down as chair of the House Appropriations Committee.
31:58
She's over 80. You know, maybe maybe Who
32:00
knows? Maybe she decides to pack it in early.
32:02
And there may be some other members there who
32:04
could have personal or family reasons why
32:06
they need to leave or perhaps, you know,
32:08
obviously, some might be heading to the private
32:11
sector. So it's hard to say who will
32:13
be next. But at this rate, I bet there
32:15
will be another one or two who might leave. Only
32:18
in Congress when leaving, when you are
32:21
over the age of 80, is considered
32:23
packing it in early. That is amazing
32:25
to me. Conor, let's go back to
32:27
this House Republican budget
32:29
calling for raising the retirement age
32:32
for Social Security. You mentioned it
32:34
a moment ago, like for real,
32:36
this is an election year. They
32:38
have to know this will not
32:40
go over well with older voters.
32:43
Yeah, I mean, again, it's just when
32:46
Trump isn't telling them what to do, they're totally
32:48
lost. And I think at times they fall back
32:50
on the old Paul Ryan playbook, which this is
32:52
part of, you know,
32:54
maybe it makes a group of them feel good
32:57
and like they agree on something. But, you know,
32:59
it's not just politically stupid. It's wrong. I mean,
33:01
think of the challenges that we have in society
33:03
right now. And in a state like mine, that
33:05
has one of the oldest populations of all the
33:07
big voting states, people
33:10
Social Security checks are not going as far
33:12
because of inflation, they just can't buy enough.
33:14
And that really hurts seniors. You
33:16
have people talking about AI every day, and the
33:18
effect it's going to have on the workforce. And
33:20
maybe it's going to drive people out of the
33:22
workforce at the time they can lease the floor.
33:24
It's just not the time to be adding four
33:26
more years of working life to people before they
33:28
can collect on the investment they made all those
33:31
years in their in their FICA contributions. On
33:34
an election year, just raise the age. Gentlemen,
33:36
thank you both for being here. Great to see
33:38
you, Connor and Charlie. When we return, one
33:41
of the largest and most popular
33:43
music venues in Moscow attacked by
33:45
Dunman and set on fire, the
33:47
latest out of Russia as the death toll
33:49
rises and the 11th hour continues. We
34:01
are following shocking news out of Moscow.
34:03
Officials with the Russian Investigative Committee now
34:05
say at least 60 people are dead
34:07
and more than 100 injured after a
34:09
shooting at a popular concert venue. That
34:11
number may still grow, and the incident
34:14
is being investigated as a possible terrorist
34:16
attack. My colleague Matt Bradley
34:18
has more, and we warn you, these images
34:20
are disturbing. Tonight,
34:25
terror strikes Russia's capital. The
34:29
Greek state claimed responsibility for an attack on a
34:31
concert hall in Moscow, where at
34:33
least three gunmen wearing camouflage opened
34:35
fire. The terror group claimed responsibility
34:37
on Telegram. NBC News hasn't been
34:39
able to verify their claim. The
34:42
gunmen reportedly threw bombs inside the theater,
34:44
targeting a sold-out house at Krakas City
34:46
Hall, a concert venue that seats a
34:48
maximum of nearly 10,000 people. We
34:54
heard gunshots. At first, we didn't understand what
34:56
had happened, said this eyewitness. Then
34:58
the terrorists came in and started shooting everyone.
35:01
The attacks at the huge theater ablaze. Emergency
35:04
workers are still struggling to put out
35:06
the fire and save whoever remains inside,
35:09
deploying helicopters to try to rescue people
35:11
from the building's roof, which has partially
35:13
collapsed. The attacks come two
35:15
weeks after the U.S. embassy in Moscow
35:18
warned Americans about terrorism, telling
35:20
them to avoid concerts and places with
35:22
large crowds. But the identity
35:24
and fate of the terrorists remains unclear.
35:27
But Russia's government has a long
35:29
list of enemies. Earlier this week,
35:31
Russian President Vladimir Putin won a
35:33
third term as president after elections
35:35
many observers said were rigged and
35:38
that some voters protested. Putin's
35:40
controversial war in Ukraine is now in
35:42
its third year. Just
35:46
today, Russia launched a barrage of 165
35:48
missiles and drones at Ukraine in one
35:50
of its largest salvos yet, targeting the
35:52
country's energy grid. The
35:55
White House tonight cautioned against linking Ukraine to
35:57
the attack, but as the death toll rises...
36:00
So too will demands for justice. I
36:04
want to welcome former FBI special
36:06
agent Clint Watts. He's also a
36:08
consultant for FBI's Counterterrorism Division and
36:11
an MSNBC national security analyst. Clint,
36:13
what else do we know so far? Yeah,
36:16
Stephanie, it seems more and more likely
36:18
that the claims by what is known
36:20
as Islamic State of Khorasan, that is
36:22
the group that was in Afghanistan, you
36:24
might remember, it was known
36:27
for the suicide bombing it did as
36:29
the US was withdrawing from Afghanistan. They've
36:32
claimed responsibility for this. And
36:34
you know, looking at all the different options
36:37
and possibilities that are out there for where
36:39
this came from, it does
36:41
match a targeting pattern that would line
36:43
up with the terrorist group. This is
36:45
a mass casualty target. The
36:47
way they entered in the videos that you
36:49
saw there, the indiscriminate killing and the destruction
36:52
all match that sort of a pattern. I
36:54
think we still need to wait and really
36:56
gain some more information. But I think the
36:58
State Department warning was very clear and very
37:00
spot on for what we saw here today,
37:03
which was large venues, large
37:06
gatherings and even concerts. And when you
37:08
compare that to what is known
37:10
as the Islamic State of Khorasan's attacks
37:12
they've claimed lately, they also did a
37:15
major attack just a little while ago
37:17
in Iran as well where they inflict
37:20
in many casualties. They are still a
37:22
force to be reckoned with. And
37:24
I think it just also points to what
37:26
looks like the US still having really good
37:28
intelligence on that group and being able to
37:30
forewarn others about what might happen. There
37:34
was that State Department warning and we
37:36
have great intelligence there. However, the majority
37:38
of the information we're getting tonight is
37:40
from the Russian Investigative Committee. Is
37:43
there any reason for us to not believe
37:45
the information we're getting from them? It is
37:47
Russia. Stephanie,
37:50
we should be skeptical. And we may never know
37:52
all the details or know if they're accurate. Immediately
37:55
after this attack, there was a flood of information coming
37:57
out of the Russian state media. some
38:00
of it blaming Ukraine and those
38:02
orbits on telegram, others trying to
38:05
make bold statements, but very little details
38:07
to it. So anything that's
38:09
coming out of Russia, at least this
38:11
early, especially with there's still some reaction
38:13
to the actual fires that were there, the
38:15
roof caught fire on the facility.
38:17
I think we need to really
38:19
hold and wait and see if more information can
38:21
come out tomorrow. Well, what
38:23
about skepticism around ISIS? Yes, they
38:25
claimed responsibility, but they did not
38:28
prove any, they didn't provide any
38:30
proof of this. And the claim
38:32
did come from an ISIS affiliated
38:34
news agency on telegram. Again, not
38:36
exactly a trusted source. That's
38:40
correct, Stephanie. And it's not exactly a trusted
38:42
source. They have executed other tax
38:44
and taken claim for them. Some of the accounts
38:46
that I've seen are remarkably
38:50
credible in the sense that they do take
38:52
claim and they do annotate attacks
38:54
that happen around the world and take responsibility for
38:56
it. But as you noted, you know, as we
38:58
were starting the segment, there are a lot of
39:00
people that are upset about what's going on inside
39:02
Russia. That is those that are mourning
39:04
the death of Alexina Balny just a month ago
39:07
in a prison where she believed that Vladimir
39:09
Putin is in his administration was in charge,
39:11
was in charge of the prison and actually
39:13
brought about his death. Severely, you
39:15
might remember just nine to
39:17
10 months ago, you have Guinea Prigozhin did
39:20
a march on Moscow and he
39:22
was later killed in a plane crash. So many
39:24
of his fighters were a year ago,
39:26
just a year ago, fighting in Bakhmoud and
39:28
losing their lives. There's a lot of different
39:31
entities that have the stake in
39:33
what's going on inside Russia might be willing to commit
39:35
violence on behalf of that. Excuse
39:39
me. There are still U.S. citizens in Moscow
39:41
right now. The State Department has said aid
39:44
is severely limited, obviously, due
39:46
to Russian constraints on
39:48
travel. Where does it leave those Americans? Stephanie,
39:52
they're in a tough spot. Anybody that's been inside
39:54
Russia over the last three years is going to have
39:56
a difficult time, everything from
39:58
communication to travel. And
40:00
the other part that we don't know about
40:03
this is while this may be one attack,
40:05
we've seen from Islamic State terrorist
40:07
groups and al-Qaeda terrorist groups before, they
40:09
oftentimes stage many attacks in order or
40:12
inspire other attacks to kick off. So
40:15
I'm sure that's a great concern for the
40:17
U.S. government right now as they try and protect
40:19
all the citizens of the United States that are still in
40:21
Russia at the moment. Sasha hated
40:23
sand, the way it stuck to things
40:25
for weeks. So
40:27
when Maddie shared a surf trip on
40:30
Expedia trip planner, he hesitated. Then
40:33
he added a hotel with a cliffside pool
40:35
to the plan and they
40:37
both spent the week in the water. You
40:40
were made to follow your whims. We
40:42
were made to find a place on the
40:44
beach with a pool and a waterfall and
40:46
a soaking tub and of course a great
40:48
shower. Expedia made
40:51
to travel. Time
40:53
for a quick break to talk about McDonald's. Wake
40:56
up and bagelize. Get your taste
40:58
buds ready for McDonald's breakfast bagel sandwiches. Now
41:01
just $3 only on the app. Choose
41:03
from a delicious steak egg and cheese bagel, bacon
41:05
egg and cheese bagel or sausage egg and cheese
41:07
bagel. Just $3 when you order ahead
41:09
on the app. Hurry and seize this
41:11
breakfast steal before it's gone. Offer
41:14
valid one time daily March 11th through April
41:16
7th, 2024 participating McDonald's. Must opt
41:18
into rewards. Certainly
41:22
Clint, thank you so much for helping us tonight.
41:24
We now have to turn to Washington where we
41:26
do have breaking news. It looks like
41:28
we may have some movement in the Senate
41:30
on a vote that could hopefully avert a
41:33
government shutdown. Let's bring my friend Sahil Kapoor
41:35
back with the latest. What's going on? It's
41:38
more than movement, Stephanie. We have white
41:40
smoke in the Senate. They have reached
41:43
that unanimous consent agreement that I mentioned
41:45
last hour that they were still negotiating on.
41:48
They have that deal and votes are going
41:50
to begin imminently. That's Chuck Schumer you see
41:52
on the screen. Just announcing
41:54
that agreement and we heard the magic words
41:56
without objection in the Senate, which means all
41:59
100. have agreed to it.
42:01
This sets up a vote on nine different
42:03
amendments before final passage of the bill. These
42:05
are all Republican amendments. Three of them have
42:07
been agreed to on a voice vote, which
42:10
means it will be done instantly. The other
42:12
six will get roll call votes. Just
42:14
muting my screen over there. The other six
42:16
will get roll call votes. Chuck Schumer has
42:18
pleaded with members to do this quickly. So
42:20
the amendments can be 10 minutes each, which
42:23
would set up passage of the final bill
42:25
sometime in the next hour, maybe a little
42:27
more than that. That's a little ambitious to
42:29
get senators to do votes that quickly. But
42:31
regardless, they have a deal here and there's not
42:33
going to be anything more than a technical shutdown.
42:36
There will officially be a lapse in funding at midnight
42:38
in just a matter of minutes, but for
42:41
all intents and purposes, the government will
42:43
remain funded. This completes a real roller
42:45
coaster of an appropriations process, Stephanie. $1.6
42:48
trillion, the government will be funded six
42:51
months into this process after four different stopgap
42:53
bills, after months and months of negotiations and
42:55
haggling and vibes going from good to bad,
42:57
to sour to weird, they finally figured this
42:59
out. Good, bad,
43:02
sour, weird, six months and it is
43:04
almost midnight. Time for
43:06
a quick break to talk about McDonald's. Wake
43:09
up and bagelize. Get your
43:11
taste buds ready for McDonald's breakfast bagel
43:13
sandwiches. Now just $3 only on
43:15
the app. Choose from a delicious steak,
43:17
egg and cheese bagel, bacon, egg and cheese bagel,
43:19
or sausage, egg and cheese bagel. Just
43:21
$3 when you order ahead on the app. Hurry
43:24
and seize this breakfast steal before it's gone.
43:26
Offer valid one time daily March 11th
43:28
through April 7th, 2024 participating McDonald's. Must
43:31
opt into rewards.
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