8/25/26: Bessent Threatens Blowing Up Global Finance, Canada Trade War Begins, SCOTUS Mail In Decision

23:34Emily Jashinsky:Yeah, check this out. U.S. now has 41 days of crude oil inventory left. That is the lowest level that we have had in half a century. Right. And so there's a good analogy here to why Trump isn't restarting the war. He started the war in February with his ammo, you know, full stock, like ready to go. multiple aircraft carriers the sailors were fresh um their ballistic missile interceptors were basically stocked up they'd you know they depleted a bunch in the 12 day war but not nearly stocked up enough but yeah right but they were they were ready to go they went to war oh and our invent and our oil inventories were flush you know not as flush as they could have or should have been but pretty flush uh economy was coming along uh the inflation was coming down Things were good.

24:30Yeah, it literally was. Things were getting better in February. So he went in with all of that and still lost. So when he went back to Pete, let's do it again. Pete's like, well, we lost already. I'm sure he didn't admit that. We did all of this. It didn't work. And now we don't have the same amount of ammo. So we turned to Treasury. So let's go to Treasury. Now, the problem is we've been doing this for 47 years to them. We've been trying to do it for the last several years. maximum pressure. And we were doing that from a position of economic strength. We are now in a position of extraordinary weakness where we are hours away at any given moment from a financial crisis.

25:14And we are, as they say, 41 days away from basically being out of oil inventories. The Panama Canal, because of El Nino, has also cut the amount of ships that it's enabling to go through. The Gulf had been producing extra amounts of oil and shipping to Asia through the Panama Canal. Prices for that have gone through the roof and the number of ships that can transit has now collapsed. They claim they're getting a decent amount through the Strait of Hormuz. If that was true, for some reason, it's not slowing the drawdown of our strategic reserves. Like if it was true that we were getting this insane amount of oil through that Axios is claiming, that the White House is claiming to Axios, then we wouldn't be drawing from our reserves, but we are.

26:06So that's why Goliboff is saying that you can't, that we don't have the economic power to do what we're claiming. Before we left Druckenmiller, I did want to highlight this other quote of his. He said, if the 30-year must trade at 5.5 % too clear, that isn't a crisis. It is an invoice. And it's an interesting moment that that is obviously an AI written line.

26:34Emily Jashinsky:I didn't even think about that, but you're right. It sounds like it. Like, Besson's thing was AI slop. Besson's mentor is now criticizing him with his own AI, which I don't think is slop. I think that's a decent line. I thought it was pretty good. Although it also is a crisis. It can be both. But they say it isn't a crisis. It isn't an invoice. AI only knows how to do the it's not this, it's that kind of writing. But it's an invoice. It's a good line. When I read that, I was like, Claude, you delivered on this one. This is quality stuff. And I bet Druckenmiller was reading it. He's like, sounds like AI, but it's a pretty snappy line.

27:14Just going to have to leave that. So this is what we're bringing to bear in this war against Iran is a bunch of AI slop when we're out of ammo, out of money and out of oil.

27:27Emily Jashinsky:And don't forget, our economy is running on people demanding AI slop. Right. Right. And it's fascinating that one of the reasons that interest rates are up, which Drucker Miller alluded to, or maybe Gasparino alluded to, is that they are out in the market with many, many billions of dollars of bonds that they are raising. And so that competition is pushing up interest rates for everybody. So you thought you hated AI. It's also the reason your car loan is going up. Your mortgage prices are going up that we're getting a credit contraction. And the U.S. is having a hard time funding its debt. OK, but Ryan, to be fair, it's not a crisis.

28:11Emily Jashinsky:It's an invoice. It's an invoice. It's an invoice. Keep that in mind. Before we leave this block, let's put Secretary Rubio's post of his A7 on the screen. He announced that he formally rescinded yesterday Syria's designation as a state sponsor of terrorism. This action unlocks new potential for Syria's economic revitalization and progress. the Trump administration continues to advance U.S. national security to achieve peace, prosperity, and security in the Middle East, Ryan. So think about this in comparison to Cuba. So Syria is run by a former al-Qaeda leader. We're fine with that. They're lifted from the state-sponsored terrorism list.

28:49Cuba, citing stuff from the 1960s, is on that list. I was talking to Ed Augustine, reporter in Cuba the other day, he said there are now up to 3.5 million people out of roughly 10 million people. There are about 10 million people on that island because so many have left. 3.5 million don't have running water at this point because of the complete and total blockade of Cuba. And it's August. This is not a time you want to be in Cuba without water. On top of the disease that spreads in the summer, which I shouldn't have to link it back to us, but the diseases that we're breeding on Cuba right now aren't going to stay in Cuba.

29:40So yeah, so congratulations to Syria.

29:42Emily Jashinsky:Huge, yeah. Not a crisis, an invoice. All right, let's move on to the trade war that's heating up.

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31:49Emily Jashinsky:The trade war with Canada continues to heat up, although I will note, Trump says his retaliatory tariffs in this case aren't starting until January 1. We'll get into that. But Treasury Secretary Scott Bessent was asked about this at his economic D-Day over Iran press conference yesterday. Here's a bit of how he responded. B1. Does the United States and President Trump still want Canada to become a state? He did say that they're getting all the benefits of being a state without being one. I think he would like Canada to come to the table and negotiate in good faith. They were offered quite a good deal last week.

32:26They chose to reject it. Unfortunately, Prime Minister Carney rose to power on an anti-American, anti-Trump platform. I believe he was more than 20 points behind. And, you know, he seems to have gone back to his old playbook. And I think one has to ask oneself, is he trying to benefit himself, the Liberal Party, or the Canadian people? Because they were offered a very good job.

32:51Emily Jashinsky:So, obviously, as a reminder, I'm reading from BBC here, Trump threatened to hike tariffs on cars. and this was a trucks, auto parts, that sort of stuff, 25 % to 50 % increase as of January 1. So while the talk is getting tougher, there's a huge amount of buffer room. But speaking of tough talk, let's listen to Canadian Prime Minister Mark Carney yesterday as well. It's not a surprise for us that the U.S. would take some form of reprisal to our response to their unjustified tariff, which was on top of other unjustified tariffs. That's not a surprise. But what message does that send to the workers in Michigan and Ohio and Kentucky and Alabama who rely on Canadian demand?

33:41We're their largest customer for automobiles, more than the European Union, Japan, Korea, many others combined. and the United Kingdom. I'm going to throw them in as well. This is the most successful automotive partnership in history. It's existed for all my life, for 60 years. And the President is doing what we not just suspected, but we had confirmed through the terms that they were offering. Instead of a quick change to the terms in the automobile industry, they were putting on the table terms that gradually would have that impact. And we wouldn't accept that. So it's very revealing that this is where they go.

34:26Emily Jashinsky:For a little bit more spice, let's turn to Doug Ford, brother, of course, of duly departed Toronto mayor Rob Ford. He is the premier of Alberta currently. This is what Doug Ford had to say, B3. You sound a little more subdued than you did this morning on the radio when you said Donald Trump could kiss your ass. Did the prime minister tell you to ask you to tone it down a bit? No, he didn't. I'm not going to comment, but he wasn't against that. And I have a lot of real estate on my ass, so he has a lot of room to kiss my ass.

35:00So I just do. I'm a big dude. What can I say?

35:05Emily Jashinsky:All right, Premier of Ontario. I'm sorry, I said I'll burn up, but that's how Doug Ford responded. Now, the U.S. keeps talking about how Canada walked away. This is more from BBC on Friday than when Canadian officials did walk away. BBC says they're claiming the U.S. introduced last-minute demands that were, quote, unacceptable, including a clause limiting which countries Canada could sign trade deals with. Jameson Greer, on the other hand, is saying Canada was introducing last-minute changes. He said, quote, they wanted more. A bit unclear what actually happened on Friday. But Mark Carney said he was, quote, focused on supporting Canadian businesses impacted by the new 50 percent U.S.

35:44Emily Jashinsky:tariffs after the Friday deadline expired, as well as building infrastructure to diversify Canada's trade, which historically has relied on the U.S. You know, I actually think a lot of people would say that's a good thing. Canada should build infrastructure internally. The United States should be doing the same precisely because people's jobs and lives are vulnerable to trade wars that can bubble up exactly like this. But, you know, it's to see the back and forth, but realize this 25 to 50 percent increase isn't happening until January, Ryan. It does feel a bit like what we were talking about with Iran earlier, that the Trump administration learned through the Liberation Day, I was going to say fiasco, but the Liberation Day adventure, misadventure, choose your own adventure with the word that you want to use in that case.

36:29Emily Jashinsky:But he learned that he can do so much. He could do so very much with words alone because this, again, the 25 to 50 percent increase doesn't happen until January 1st. Yeah. And the reporting is that it was Howard Lutnick, Commerce Secretary, who who blew up the talks. Like that seems to be what both sides are kind of saying. Jameson Greer is the U.S. trade representative who was supposed to be leading the talks. but there were areas that involved commerce, including the cars, aluminum, steel. And Lutnick was directly communicating with Carney by text and by phone and seemed like to go back to your point about like what elements of the deal and who they're allowed to trade with.

37:12It seems like he insisted on some things that Canada was like, no, like we're not doing that. And Trump announced last week we had a deal. Remember? He said we got a deal. Yep. and it was all done except for the signing. And then, so then what is Lutnick doing on the phone and texting with Carney? Like, either way, it's a complete mess. Like, and in the very beginning, if you remember, they didn't want to deal with Lutnick. Yes. Like, they have never wanted to deal with Lutnick.

37:44Emily Jashinsky:I don't know how much Trump wants to deal with Lutnick, honestly. So then what are we doing here? Yeah. Yeah. He's just kind of a crazy person. Just going rogue. Right. He just, he seems funny. He tells a good story. But like, I'm sure he's like fun at dinners or whatever. But like, what is this guy doing? Right. Other than having his firm, Cantor Fitzgerald, rake in all the tariff money. Yeah. Like that is incredible. And the crypto money, isn't Cantor Fitzgerald also behind the stable coin move? They're making so much money. Right. Just making absolutely incredible amounts of money. They bought up, so people understand, before the Supreme Court ruled that Trump had to give the tariff money back to the companies, Cantor Fitzgerald, his firm, run by his kids, went around buying up, for pennies on the dollar, the right to get that tariff money back.

38:41So that's why you paid more for stuff that came in and was tariffed, and then when there were refunds, you didn't get the refund. Howard Lutnick's getting the refund. and now he's in there blowing up this Canadian deal. By the way, we already have a USMCA, like the renegotiated NAFTA that Trump was so proud of. Like he already did this. What are we doing? Like why did you do these years-long negotiations and sign a long-term agreement if you just want to like do it again?

39:10Emily Jashinsky:Yeah. Susan Collins came out interestingly against, I mean it's not interesting, it's kind of obvious, but came out against this as she's been campaigning across Maine. It was interesting because J.D. Vance, I don't think, if I'm remembering correctly, Collins didn't go to the Vance rally that he had in Maine. And he was defending the administration's trade policy. Collins was opposing it. So that tells you a bit about how it's playing out in Maine. Ryan, let's put this drop site report up on the screen of this drop site comment on the Canadian wildfires. So drop site reporting on ex-wildfires and maintenance are set to squeeze Canadian oil that U.S.

39:50Emily Jashinsky:relies on at the worst possible time. U.S. refiners are bracing for a drop in supply from Canada, their largest foreign source of crude. At a moment when they can least afford it, Bloomberg reported this weekend, Canada supplies over 4 million barrels a day. And Midwest refiners cut off from Seabourn imports lead on it especially hard. How could this play into the next few weeks, few months? We've got four months till that January 1st implementation on the automobile tariffs. But how does that play into this now? Disaster. Disaster for the U.S. Yeah. So the combination of wildfires and maintenance are shutting down many hundreds of thousands of barrels a day from from getting into the U.S.

40:29Emily Jashinsky:And these are in their oil. This is wildfires that broke out. What last week, last couple of weeks in their oil sands region? Yeah. Yeah. And so it's hitting as everything else is hitting. Ukraine's lighting up all of Russia's oil infrastructure, straight up Hormuz, crimped Panama Canal, tightened up because of El Nino. And this wildfires plus the maintenance where, you know, is it scheduled maintenance or is it Canada putting some pressure on us? Probably a combination. Mm-hmm. Yeah. But we're not in a place of strength where we can handle a few El Nino and wildfire-related crises because we have inflicted eight crises on top of it by our own hand.

41:19Emily Jashinsky:Mm-hmm. And I should mention, just on the stable coin point, Cantor Fitzgerald is one of the big investors in Tether. So that's the tie on that end. And let's listen to more of Jameson Greer. So he's on CNBC yesterday. Here's what he had to say. So we don't have any issue proceeding with our trade policy as planned. And I think the market understands that. I think the market knows that at the end of the day, this is 5 % of imports from Canada. It's 0.06 % of our overall consumption in this economy. So there's no possible way it can really affect U.S. well-being, right? I mean, we've been having great prints on inflation the past couple of months going down in June and staying flat here.

42:04Real wages for manufacturing workers going up. So we're on the right trajectory. The fundamentals are good. And I don't think this is going to affect anything. That's why I think the markets are shrugging at all.

42:12Emily Jashinsky:Well, obviously, it affects some states more than others. It's fine as long as you don't live in Michigan. Yeah, or Maine. Yeah. So Trump's true social post put it this way. Canada has been ripping off the United States of America for years. The ridiculously high tariffs on our farmers and farm products has made life impossible for these great American patriots and has long created. By the way, I'll just pause there and say that's kind of true. The question of how you're addressing it remains significant. He goes on and said they've long created a 60 billion dollar deficit between our two countries.

42:42Emily Jashinsky:It's not sustainable and not anymore. On January 1st, 2027, tariffs on all cars, trucks, both large and small, automotive parts and steel will be increased to 50 percent. Build in the U.S. and there are zero tariffs. Canada will be treated like a state no longer on trade and in other ways also they're among the worst nations in the world to deal with. They feel entitled. And yet, all caps, we don't need Canada. They need us. They do 95 percent of their business with the U.S., with us, the exact opposite. And then he ended with the classic thank you for your attention to this matter, President Donald J.

43:11Emily Jashinsky:Trump. Reassuring, no doubt, to people in states that are going to be hit hard. Yeah. But I mean, a lot of those states, Wisconsin, Maine, Michigan, this is actually a problem people want to see addressed. It's the same thing like with farmers during the first Trump administration. You'd have some corporate media reporter going out, talking to farmers, expecting them to be furious about the tariffs, which were genuinely hurting them. And what you would get was them saying, we're willing to be patient because we know we have structural problems. Like time and again, every time you would go out and try to find someone, corporate press would go out, try to find someone.

43:46Emily Jashinsky:you would hear them saying, listen, we know this is a problem. We're just hoping that he can fix it. Like, fingers crossed. We know something structurally needs to change. But I don't think people have confidence that those structural changes are, as Jameson Greer put it, really, really going in the right direction. No, I don't think they'll they do. We were going to cover the cattle crisis that Trump sparked in the last couple of days, but we're punting that um till tomorrow but i was watching some of the kind of the cattle podcasts yesterday yep and they're just it's just watching these guys go through the stages of grief right like this this this america first president was our last hope this is truly what we invested our hopes and dreams in and he has betrayed us and we're going to be like a bunch of they're just saying we're just going to leave the industry like we're giving up like we can't even we can't compete anymore with this and and and watching them kind of walk themselves through that those stages of grief was it was fascinating and it's like damn this like wow a lot of republicans really really angry about the beef decision as well and i know you guys are going to cover this but tim sheehy chuck grassley if you're from an ag state, they're furious about it.

45:05Emily Jashinsky:And those are people who wanted something to be done, who are open to structural, drastic policy maneuvers, but not that structural, drastic policy maneuver. Basically, Trump wants to bring in a bunch of diseased Brazilian and Argentinian beef to smash the domestic cattle industry. To get to the midterms, because he started a war in Iran. 90 days. Again, he's doing it for 90 days. Speaking of the midterms, Let's move on to the Supreme Court decision.

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47:19Plus, they're machine washable, so you can wear them again and again. Find your perfect level of protection at knix.com and get 15 % off with code FLOW15. That's KNIX.com, code FLOW15. That's Nix.com. A big victory for the Trump administration, the Supreme Court yesterday. You can put up this New York Times element. The Supreme Court stepped in and allowed his executive order on mail-in voting to go forward. So let's unpack a little bit what actually happened here. So the court and Emily step in and you think I'm steering this wrong. The executive came in. Trump came in. Issued an executive order.

48:06That was a three-part executive order. But the thrust of it was we're going to send the states a list of citizens. And we are going to insist on a certain set of rules and regulations that you're going to have to follow. or else the mail will not deliver your ballots and officials involved with the programs will be prosecuted if we believe that you did not follow this executive order as it applies to the law. And a bunch of states sued to enjoin this, saying very clearly in the Constitution, it says the administration of the elections is left to the states like it's not ambiguous it's just right there in that precursive in the constitution there it is and that having us go through all this work damages you know it's it's it damages us it costs us money and living with this threat of prosecution is crazy you you don't have any authority whatsoever in this realm, go away.

49:23And the lower courts said, yes, they're correct. They should not have to deal with this. States run the elections.

49:35Leave them alone. This executive order is unconstitutional and invalid, and we've stayed it. The Trump administration then went to the Supreme Court, and the Supreme Court has agreed to lift the stay.

49:48Emily Jashinsky:Temporarily, right? Temporarily. Their argument is that they haven't issued a final ruling. Right. A final rule. That they did the order, but not the rule. And that because they haven't issued the rule, that at this point, there's no, there are no damages, there's no problem for the states. Except the states, as they've said, they're already scrambling to respond to all this stuff. On the other side, the Supreme Court ruled that Trump, as the executive, would be irreparably harmed if they did not allow it temporarily to go into action. The flip side of it is that the states can't prove the harm.

50:24Emily Jashinsky:The administration would suffer irreparable harm to the implementation of the executive order. Yeah. And Sotomayor and Jackson and I forget who else in dissent pointed out that there was no effort by the Trump administration to even explain or assert how it is that they would prevail and overcome the obvious obstacle, which is that the Constitution says you can't do this. Like very specifically, the Constitution says that the voting is left up to the states. And the Supreme Court also said that the states can't sue because there's speculative harm, because they might be prosecuted. Yeah. But they may not be prosecuted.

51:12Right. Which if you're an election official, that's not a very. It's not comforting. It's not very comforting. But we're not guaranteeing that you're going to be prosecuted for not following this executive order. So therefore, you can't challenge it beforehand.

51:25Emily Jashinsky:Yeah, it's interesting because it's all over mail-in ballots. So that for Republicans means a lot of elderly Republican-friendly voters vote by mail. And so this is also a challenge for them. It's a challenge to even get Republicans who now have, if you're a hardcore MAGA-type voter, to get you out to the polls. Does it cause problems with that? I mean, that's, as someone was saying, some Republican strategist was saying as much on CNN last night. I could see how that would be true. But this is also going to keep seesawing. So reading from NPR here, they report a broader injunction remains in place against that executive order for March.

52:07Emily Jashinsky:As part of a separate but related lawsuit, the Postal Service is blocked from following Trump's directives under a nationwide ruling. That was from the district judge in Boston. But in a court filing late Monday, the administration says it plans to ask the First Circuit Court of Appeals to pause that ruling. If the judge does not pause or cancel the ruling by 5.30 p.m. today, a dozen Republican-led states have already appealed that ruling and PR reports. So it's actually a really confusing legal tangle of what actually might be happening come Election Day. And if you're the states, I mean, it's a mess.

52:42Emily Jashinsky:There's no question about it. And Mikey Sherrill just obviously anticipating how difficult this was going to be purged a bunch of noncitizens from the voting rolls. That was an actual thing that Mikey Sherrill dealt with. But now, if you're a blue state, it's just unclear what's going to happen. And like you have to start prepping mail-in ballots like this. That has to start happening soon. Right. Yeah. This there is a lot of concern out there about what plans Trump is hatching to try to. Because if you followed the previous couple of segments that we did today, Trump is driving the country and the world into a ditch.

53:28And as a, you know, nominally democratic society, usually that comes with major repercussions. That's why presidents care about the unemployment rate, GDP, inflation, because they are punished at the polls. Right. If their stewardship of the economy is such that people are angry about how things are going. Trump is trying to sever the link between his performance as president and the democratic checks on that performance. Rather than perform better. Trump has been very clear he is more interested in waging his war on Iran than he is with the well-being, the immediate well-being of Americans' economic situations.

54:21He has said people can suffer higher gas prices. It's OK. I'm not worried about it.

54:27Emily Jashinsky:He said or he remember he did not sign the housing bill, the Elizabeth Warren, Tim Scott housing bill. He would not sign it because he was demanding the SAVE Act. And actually a lot of the reason. It went in a law anyway. Right, of course. Right. Because it was so bipartisan. But one of the big reasons that Republicans are hesitant to get on board with the SAVE Act is actually because of this federalization of elections. we're talking about here. Now, this is an executive order, as Ryan explained, that tells DHS to come up with a list of citizen voters and send it—of citizens and send it to the states and say, compare this list, the federal government's list, and then purge basically people who are not on this list because they're noncitizens from your voter rolls.

55:11Emily Jashinsky:Noncitizens should absolutely not be voting in federal elections. Unless it's, you know, here in D.C., noncitizens can vote in local elections. That's D.C.'s jurisdiction. I don't think it's particularly good policy, but that's a debate for another day. But non-citizens are also not going to swing the midterm elections. It's also not going to happen. And with the SAVE Act, a lot of Republicans were saying, you are federalizing elections by stepping in and telling states what they can and cannot do and how they decide to run their local elections. And they were uncomfortable with that. So it's different shades, I guess, of federal control over elections when you look at the two policies.

55:51Emily Jashinsky:Josh Shapiro put out a post yesterday saying, not so fast. Today's SCOTUS decision does not deal with the substance of Trump's unconstitutional executive order and does not mean his illegal attempt to restrict mail-in voting will go forward. Donald Trump does not run elections here in Pennsylvania or in any state. We'll see the Trump administration in court. In the meantime, I'll keep defending Pennsylvania's right to free, fair, and secure elections. So all this is to say these legal decisions about to what degree the federal government can stick its kind of I was going to say nose. But I mean, it's the federal government can control how states run their elections.

56:26Emily Jashinsky:It's playing out in a very, very short timeline. Very short timeline. Right. Which is another argument that the states had made that you can't do this at this moment. um also yeah to your point about non-citizens not being the thing they're going to swing the midterms something like 50 of our citizens don't vote like we have a not voting problem in the united states we don't have a we don't have a voting problem if there was an epidemic if there was an epidemic of non-citizens voting uh we would hear about it non-stop they found like what three or something i mean it happens over years they found like a handful of people who like misunderstood like they've never found any systematic voting by non-citizens never found any actual project to try to get non-citizens to vote because think about it you don't have to do that there are tens of millions of legal citizens who do not vote so if if you are a political campaign or a political party, you have tens of millions of people to try to get to vote.

57:36Emily Jashinsky:Yeah. Like, imagine how hard it is to get somebody to go out and vote, even when they are already registered to vote and they're a citizen, and you still can't get them to vote because there's nothing to vote for. Now you're going to try to talk somebody into doing it when they know they could go to prison for it. so you're gonna you're gonna risk prison when you're not even a citizen to vote for some liar like non-citizens aren't idiots either like they like they're not moved by these candidates like nobody's nobody's moved by any of these candidates like most people do some level of civic duty and harm reduction at the polls that's a really good way to put it that's all they do So why would you risk your freedom to do that?

58:27That's why this is just not a thing that exists.

58:31Emily Jashinsky:Yeah, I mean, on the other hand, I think when we look at some of the scary polls with Americans losing faith in the accuracy of election results, and you do have, according to the New York Times, David Leonhardt's estimate, I think this is probably on the low end as well, 8 million noncitizens coming to the United States in a period of about three years, and you don't have national voter ID. I think there are some fair concerns that people have about what might be happening, but it's very unlikely that's swaying. It's a decisive factor in elections. I also think if Republicans and Democrats should do this, just put a bill on the floor that's voter ID.

59:08Emily Jashinsky:Yeah, that's what SAVE should have been. Because Democrats, I think, have moved beyond. For a long time, they were pretty hostile to voter ID. Now I think they're actually basically everybody's fine with it. But the SAVE Act has all these other weird things in it. So if they just put voter ID on the floor, I bet it would actually pass. I think they're mostly fine on a national level. I think it's state Democrats who know in the short term that would be difficult because it is true that for voters, especially like in low income areas, that you're adding an extra hurdle. So you are eating in the margins of likely Democratic votes in close elections.

59:46Emily Jashinsky:So I think probably the biggest issue is on the state level. People would be hesitant. But federal level, I think you're right. It's, you know, if save had just been a voter ID bill, that would have actually been kind of interesting. Also, the first line of the Supreme Court ruling is kind of funny because to me, it's just a straight up lie. I saw you posting about this. Yes. The first line is, about five months ago, President Trump issued an executive order designed to maintain public confidence in federal elections. That's all he does. Is there anybody who believes that President Trump issued this order to maintain public confidence in federal elections?

1:00:22He just wants us to have some trust together. My confidence in federal elections, thanks to the design of this order and the Supreme Court's ruling, just rock solid.

1:00:31Emily Jashinsky:Yeah, we can only keep going up. It should have said about five months ago, President Trump issued an executive order designed to tilt the elections in his favor. Ryan Grimm. Just be honest. Sick of winning. Yeah, sick of winning. All right, well, let's move to Michigan, speaking of the midterms, where Abdul El-Sayed's campaign has had an interesting 48 hours.

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