Trump Reignites Iran War Amid Troubled Economy

31 Aug 2026 · 42 min · 15 chapters

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In short

The Beat episode covers: (1) renewed U.S.-Iran attacks and Trump’s escalating war rhetoric amid economic strain ahead of midterms; (2) Supreme Court fights over Trump’s “ballroom” construction and related free-speech/press retaliation efforts; (3) a Venezuela oil deal critics liken to “smash and grab” corruption; (4) a live interview with Florida Senate candidate Angie Nixon.

Guests and backgrounds

Rev. Al Sharpton (NAACP/National Action Network president; host of Politics Nation). Ambassador Norm Eisen (Democracy Defenders Fund executive chair; former Obama ethics counsel). Melissa Murray (NYU law professor; legal analyst). Alejandro Velasco (NYU history professor; U.S. military interventions in Latin America). Angie Nixon (Florida state representative; Democratic Senate candidate).

Key claims/examples

U.S. strikes on Iranian rocket launchers; Iran attacks U.S. assets in Jordan; AI-generated Karg Island bombing video. Sharpton links war/economics to civil-rights struggles. Eisen says Roberts dissent calls ballroom “likely unlawful” and argues courts will check corruption; Kennedy Center name-removal case. Murray argues FCC/defamation threats are an “end run” around New York Times v. Sullivan; targets Kristen Welker and polls. Velasco calls Venezuela a client/vassal state; cites Pentagon financing a 35% stake and Alejandro Betancourt’s controversial past. Nixon touts grassroots organizing and attacks Ashley Moody over Medicaid settlement misuse and ACA subsidy cuts.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Trump's Iran Conflict and Economic Struggles

0:01 to 0:26

Discussion on Trump’s recent actions in Iran and the implications for the U.S. economy.

“Save 60 % on a new system with professional monitoring during our 20th anniversary sale at simplisafe.com slash sxm.”

Trump's Iran Conflict and Economic Struggles

1:16 to 4:19

Discussion on Trump’s recent actions in Iran and the implications for the U.S. economy.

“But we are going to start with war reigniting in Iran and Americans souring on Donald Trump's economy.”

Reverend Al Sharpton's Analysis

4:19 to 12:52

Reverend Al Sharpton discusses Trump's claims about the economy and war's impact on social justice.

“And joining me now is Reverend Al Sharpton, host of Politics Nation here on MSNOW, of course, and president and founder of the National Action Network.”

Supreme Court Ruling on Trump's Ballroom

13:24 to 14:00

Analysis of the Supreme Court's decision regarding Trump's ballroom construction.

“I want to turn to big news from this afternoon.”

Trump's Legal Battles and Court Rulings

14:00 to 17:05

Analyzing the implications of recent Supreme Court rulings on Trump's actions.

“Democratic Congresswoman Joyce Beattie, a Kennedy Center Board of Trustees member, had this to say.”

The Kennedy Center Controversy

17:05 to 20:20

Discussion on Trump's threats regarding the Kennedy Center and ongoing legal issues.

“He would have been lucky if the Supreme Court let him off the hook.”

Media Accountability and Trump's Response

20:20 to 24:48

Examining Trump's attacks on the media and its implications for journalists.

“All right, coming up, Melissa Murray on Trump's new push to investigate polls that show he's deeply unpopular.”

Investigations and Deterrent Messages

24:48 to 28:00

Exploring the chilling effect of investigations on critics of the Trump administration.

“But I understand your point that like if you're Kristen Welker, you might not really have anything to be legally spooked about right now.”

Discussion on Political Critique and Isolation

28:00 to 28:32

The conversation explores the challenges of being vocal against the president.

“Still ahead, progressives making waves, winning unexpected primaries ahead of this year's big midterm elections.”

Discussion on Political Critique and Isolation

28:54 to 29:04

The conversation explores the challenges of being vocal against the president.

“The same Monday.com that your team will actually love using.”
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Trump's Controversial Venezuela Oil Deal

30:13 to 36:14

Analysis of Trump's plan for U.S. involvement in Venezuela's oil reserves.

“The Trump administration is making moves in Venezuela that aren't just eyebrow raising.”

Angie Nixon on Campaign Strategy

36:14 to 39:35

Florida Senate candidate Angie Nixon discusses her campaign and grassroots efforts.

“Always good to see you and appreciate your expertise.”

Discussion on Healthcare and Scandals

39:35 to 42:00

Nixon addresses healthcare issues, her opponent's tactics, and a recent scandal.

“You've spent so much of this campaign talking about greed, corporate corruption.”

Florida Political Scandals and Accountability

42:00 to 44:14

Learn about the political accusations and scandals affecting Florida's leadership and the upcoming Senate race.

“And so these are common sense solutions.”

Florida Political Scandals and Accountability

45:25 to 45:53

Learn about the political accusations and scandals affecting Florida's leadership and the upcoming Senate race.

“And that is going to do it for me tonight.”
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Transcript

Automatic transcript. May contain errors.

0:00Traditional home security only alerts you after a break-in, and that's too late. SimpliSafe is changing that. Stop. This is SimpliSafe. Police are on the way. We don't just alert. We stop crime before it starts. SimpliSafe. Plan starting around a dollar a day. Save 60 % on a new system with professional monitoring during our 20th anniversary sale at simplisafe.com slash sxm. Outdoor deterrence requires a SimpliSafe Active Guard outdoor protection plan starting at$49.99 a month. Visit simplisafe.com slash licenses for alarm license information. Tennessee 2012. You know that feeling. Too many updates, too many meetings, too many things falling through the cracks.

0:36Monday.com was built for that gap. The AI work platform designed from the ground up for people and agents to work side by side and deliver more together. Drafting the brief, flagging risks, running a competitive scan. Your agent can do it all. And the best part, anyone can build one. Even you. Try it. Create your first Monday agent today at Monday.com. Welcome to The Beat. I'm Antonia Hilton in tonight for my friend Ari Melber. And we have a big show tonight. We're going to talk to Melissa Murray about Trump's new attack on free speech and Kristen Welker, plus a live interview with the Democratic candidate for Senate in Florida, Angie Nixon.

1:15And by the end of the hour, why even the right is accusing Trump of Godfather style corruption? Godfather Part Two, that is. But we are going to start with war reigniting in Iran and Americans souring on Donald Trump's economy. For the first time in weeks, the U.S. and Iran were back to trading attacks over the weekend. U.S. forces striking two Iranian rocket launchers. Iran says they retaliated by launching strikes at American fighter jets and bases in Jordan. A source telling MSNOW Iranian missiles were intercepted by American forces and there are no reported casualties. Remember, at its start, Donald Trump told this country this would be a quick war.

1:56Just a couple weeks long. But weeks ago, at that point already months into it, he said, well, he would be low-keying it. And now here we are, six months in. And critics say this administration has boxed itself in with no clear goals or strategy to bring all of this to an end. The Washington Post now reporting that military leaders are warning Pete Hegseth against prolonged, large-scale operations that could spread our military tooth in and weaken the U.S. elsewhere. But it's not clear anyone in the White House is hearing those calls because today Trump dialed the rhetoric back up, this time sharing an AI-generated scene of Iran's Karg Island being blown up.

2:38J.D. Vance was asked about this today. on iran the president tweeted um some ai generated video of bombing of karg island was that meant to be a warning or what was the messaging there why did the president tweet that well you know like the president likes to switch it up on social media a little bit uh he would be the first to say he doesn't make an announcement about military actions on social media but i think that he's sending a message to the iranians switch it up on social media might be the understatement of the century. Meanwhile, here, the midterms are just months away, and polls show Americans turning on Trump and his economy.

3:17Trump now pushing a message maybe best described as being divorced from reality, telling Fox News inflation is taken care of. I've largely taken care of inflation. By the way, the gasoline is going to go down, the oil is going to go down like a rocket going in the opposite direction as soon as we win that war. Rockets are supposed to go up. So that was maybe not the best rhetorical picture to paint in the middle of an unending war that is making your voters' lives more complicated and more expensive. And in the backdrop of all this, Democrats are expanding their map for control of the Senate, putting Republicans on defense in areas they typically dominate.

3:59Politico reporting on Trump and the GOP's problems in the heartland. One senator saying, quote, Trump is in serious trouble in farm country. Politico adding the triple whammy of tariffs, expensive diesel and fertilizer, and now imported beef has created a crisis for agriculture state Republicans. That is where we begin. Trump reigniting a war that threatens an already fragile economy just weeks before the midterms. And joining me now is Reverend Al Sharpton, host of Politics Nation here on MSNOW, of course, and president and founder of the National Action Network. Rev, it's always good to see you.

4:35Good to see you. So I guess let me start with these recent claims for the president and your take on them. The president keeps pushing this idea that he's defeated inflation. And that is so, so far out from not just what we are hearing from voters about what their kitchen table issues and realities look like day in and day out, but it's far from the data. It's far from what the Fed has told us their goals are here. And researchers are consistently finding that these tariffs are actually contributing to the high cost of living, to the inflation we're all living with. Is this president in denial, Rev?

5:10I'm wondering if it's between somewhere between denial or this old thing of if you tell a lie so many times long enough people to believe it. And let's remember his mentor was Roy Cohen, who mastered and never admit a mistake, never say you're wrong. And Roy Cohen was a famed mob lawyer here in New York. So I don't know if it's one or the other or both, but it does not work in politics. It might work dealing with contractors at your real estate firms that you're building buildings or trying to negotiate with unions. But it does not work in politics. And he does not seem to understand that he practices the political cultism philosophy.

5:55Follow me and otherwise you'll be punished. And everybody got in line when he won in 16 and got back in line in 24. And this is the first time he's starting to get pushback, even from the MAGA crowd, even from some of the people that really believed him. And I believe he does not know how to handle it because his mind is always work one way forward. Go ahead. Don't stop. Don't admit to anything. And if you tell a lie long enough, it will become the truth in people's minds. And he's doing it at the expense of his own Republican colleagues that have to run in the midterms. You know, one of the things I always appreciate about you, Rev, and I like to talk to you about is the connection between the sort of economic challenges we face in this country and the continued justice and civil rights related struggles and the way in which those things are, you know, sometimes people like to treat them like they're separate, but they're often really one in the same.

6:49When there is constant economic uncertainty in this country caused by a president who cannot seem to make up his mind about what to do with a war, what to do about trade policy, when there is constant economic instability, who loses? When there's constant economic instability, the people at the bottom of the economic ladder lose because all of the rumbling at the top and the middle is pressing them down further. So not only is Donald Trump come in and say we're going to end DEI, which affects blacks and browns and women and gays. He's also now unconcerned, apparently, about goods that are being sold at supermarkets.

7:32He doesn't to tell us that we ought to be grateful to have lower grade beef that's going to put some farmers out of business. But it's lower grade beef. And at the same time, the price of groceries, the price of gas going up. Now you're beginning to unite poor and working class whites and blacks and Latinos and Asians. And I'm seeing that happen. We had the march on Friday around voting rights, National Action Network and Drummage Institute. We had a lot more diversity than we usually have because people say, I relate to this now. They're changing the Constitution. They're robbing me of my right to vote.

8:16And I can't do anything about my economic order. I was talking to white grandmas that were marching with us. And I think that in many ways he may unite the opposition that takes his party down. You know, there's some polling that I think might resonate with you. Trump voters are beginning to regret voting for him. This is Trump voters reflecting on the choice that they made back in 2024. Asked if they feel confident that they made the right choice. Back in April of 2025, 74 percent did feel like they did. Now, August 2026, down to 58 percent. That's still a majority, but that is a big drop in support.

8:56A huge drop. And this is those that were mesmerized in some degree, not everybody, but some of them, by Trump. Imagine if you're on the Republican ticket and you don't have anywhere near that kind of name recognition or positives, and you've got to run and carry that Trump baggage on your back. So if I'm running for Congress or for county executive or whatever, this could terrify me. If they're that dissatisfied with him and he's Elvis in terms of being politicians, what am I going to do on the ground? I'm going to get all the flack and get wiped out. And he doesn't care. That's what to me, what is so alarming, Antonio, is he doesn't care.

9:43He he believes in only one thing, and that's Trump. So everybody in public life has ego. Everybody. We all do. But we believe in something. There's something you want your ego to be built in. I stood for this. He stands for Trump. I want to ask you about the war and the role that you think it might be playing in just the American psyche right now, the way people are processing all of this. Because I've been thinking sometimes about the words of Dr. King, who eventually kind of came to the conclusion that you can't really address our problems here domestically, whether it's about poverty and justice and workers' rights here, without talking about wars that the United States was waging abroad.

10:22And so when you see what's happening in Iran in the Middle East, do you think there's sort of a similar moral argument to be made now? It's an absolute similar argument and identical argument, because let's remember you mentioned Dr. King. Dr. King's last fight was against the war in Vietnam and the Poor People's March to bring working class people together and fight the war at the same time. And leading civil rights organizations attacked him for coming out against the war, trying to combine them, saying that's not our issue. He said it is our issue because people are dying in Vietnam and can't get a decent job here.

10:59And you cannot just limit your morality. If you're a moral leader, you can't say it ends at the American border. It goes universal. And that's what Dr. King stood for. And that's the position many of us are taking now. Now, just like we're concerned about some hangings that are suspicious in Mississippi, we're concerned about people being shot in settlements in Gaza and concerned about what's going on in Ukraine. You cannot surrogate people that have tried to make the country open for everybody. Rev, it is always so good to talk with you. Good to see you. Thank you so much for your time tonight.

11:36And coming up next, why Chief Justice John Roberts says Trump's ballroom is, quote, likely unlawful. Plus, Melissa Murray on Trump's new attack on the free press. And later, our live interview with Florida Senate candidate Angie Nixon. We're back in just 90 seconds.

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13:27I want to turn to big news from this afternoon. The Supreme Court clearing the way for Trump to move forward with White House ballroom construction just weeks after an appeals court halted that, saying Trump needed congressional approval. The Supreme Court was divided on the issue. Today's decision split five four. Chief Justice Roberts joined the three liberal justices in dissenting, saying the construction is, quote, likely unlawful. This just after a judge ruling Trump must keep his name off the Kennedy Center for now. Trump unleashing on that judge over the weekend in a social media rant. Democratic Congresswoman Joyce Beattie, a Kennedy Center Board of Trustees member, had this to say.

14:09This is a president that we know he likes tearing things down. He likes putting his name on buildings and he has lost in court because it's unlawful. But we know Donald Trump is acting like a spoiled kid. I didn't get my way. I'm throwing a tantrum. and now I will tear it down. So we're not taking it lightly. And joining me now is Ambassador Norm Eisen, former ethics counsel in the Obama White House, now executive chair of the Democracy Defenders Fund at the forefront of many of these legal battles. To the point, Norm, I don't know when you are sleeping sometimes, but I'm gonna start this conversation with your reaction to this news, the Supreme Court ruling on the ballroom.

14:56extremely close ruling five to four. I disagree with the majority here. They didn't reach the legality of the issue. They made a point of saying we're not deciding if Donald Trump broke the law by building this ballroom. And Antonio, the reason they said that is because he did break the law And they didn't want to admit it. They dodged it by saying that the plaintiffs in this case didn't have standing. That's silly. At Democracy Defenders Fund, we represented a group of conservative friends of the court in saying, of course, this should be stopped. It's yet another blot on the reputation of this Supreme Court.

15:48But fortunately, for the most part, courts are checking this kind of really corrupt activity. As John Roberts himself pointed out, it's illegal. And he joined the three court liberals in that four vote dissent. So, Norm, what's next for the ballroom then? Is this the end of the fight here? Trump is going to get his way. No, Antonio, because in the United States, the ultimate say on matters goes to the American people. And I think they are pretty mad. They elected Donald Trump to deal with the cost of living crisis, their gasoline, their groceries, their medical expenses. Instead, he's like Marie Antoinette.

16:36Instead of let them eat cake, he says, let them have ballrooms. Well, guess what? They don't want their money going for this ballroom. So this is going to continue to be a hot button corruption issue of Donald Trump's whims, together with our other cases like the Kennedy Center case and the Reflecting Pool case, both of which we won. This is going to be something that is going to stick in the craw of the American people. He would have been lucky if the Supreme Court let him off the hook. Well, you know, speaking of your Kennedy Center case, I want to read a little bit from the Democracy Defenders Court filing in that case.

17:17It included this. Defendants have not so subtly said, this is a nice Kennedy Center you have here, and what a shame should something happen to it. Trump has threatened to demolish the center if he doesn't get his way. So how realistic is that threat? How worried should people be? well um donald trump is under a court order here it's unlike the ballroom case because we we raced to court as soon as he began with his predations on the kennedy center we got his name removed uh and he's under a court order to keep the kennedy center open so he's not going to be able to demolish it. He'd be flouting the court's order.

18:02Now he wants to put his name back on it, not once, not twice, but three times. And we were in court last week and the judge, I think, is not going to let him get away with that. It's against the law. And it really spits in the eye of the court's prior rulings. So we're going to keep fighting and we're going to protect the Kennedy Center for our wonderful client, Representative Joyce Beatty, and of course, at Democracy Defenders. We do that with the great folks at the Washington Litigation Group. Fight, fight, fight. Well, I want you to take a listen to Commerce Secretary Howard Lutnick talking about the Kennedy Center fight.

18:50The president works all day, every day. And there are two things that he does for enjoyment. He plays golf on the weekend and he builds. He loves to build. So late at night, 11 o 'clock at night, he calls me and wants to talk about things he's building because it's fun for him. This is his enjoyment. When Lutnick speaks like that, is he helping or hurting the president in this case? I, you know, I think the president also enjoys trashing the Constitution and the rule of law. It seems to be a hobby or maybe even an obsession. He has no legal power to do these things to the Kennedy Center. Congress has said it must be called the Kennedy Center.

19:35Congress has prescribed that it needs to stay operational. And whatever the president's late night architectural fantasies, he cannot take them out on the Kennedy Center. He cannot rename the Kennedy Center. It's not just about a building as sacred as that memorial to a fallen American president is Antonia. It's about the Constitution and the rule of law, the separation of powers. Congress passes the laws. The president does not have the power to discard them, no matter his late night phone calls to Howard Lutnick. All right, Ambassador Norm Eisen, always good to see you. Thank you. Thank you.

20:23All right, coming up, Melissa Murray on Trump's new push to investigate polls that show he's deeply unpopular. And later, the new Trump scheme that critics say is straight out of The Godfather Part Two.

20:42Another day, another demand from the president that someone in the media be punished for coverage that he doesn't personally like. This time, his target is NBC's anchor Kristen Welker, who the president wants to see punished by the FCC over comments about the strength of his recent political endorsements. I want you to listen to what she said for yourself. Well, he's going to loom large over these midterms. There's no doubt about that. He, of course, has endorsed a slate of candidates in the primaries. He's had some mixed results. That was a simple, straightforward, verifiable statement. As The Independent put it, quote, Trump singled out Welker for accurately reporting that his endorsements have been met with mixed success.

21:29And you don't even have to look very far back in the record to find some examples. Multiple Trump-backed candidates just lost their primary races. Take sitting Republican Congressman Corey Mills of Florida, for example. NBC News had this to say in a statement about Welker. Quote, Kristen is one of the best in the business and we stand by her. And the lone Democratic FCC commissioner is calling Trump's threat, quote, dangerous. But there's more. On the same day, Trump attacked Welker. He also called for an investigation in two polls. Apropos of nothing, his approval numbers remain very, very low.

22:02And this has been a Trump project and pattern since day one. The president himself has called for networks to lose their broadcast licenses, accusing journalists of treason for their reporting on the Iran war. And the FCC has used their power to go after talk shows, networks, and of course, comedians. Joining me now to break down all of this is the Melissa Murray, a New York University law professor and MSNOW legal analyst. Melissa, what's going on at the FCC here? Well, I think what you have here is the president trying to maneuver around accountability institutions at a time when critique against him is really out of fever pitch.

22:39And, you know, one of those important accountability institutions is the media. And so he's trying to get around that. There are a lot of legal protections for the media. There is New York Times v. Sullivan, which is a huge Supreme Court case from 1950s. It basically says that if you're going to file a defamation suit, it's a very high bar to actually establish it. You have to show actual malice. That means if the media makes a mistake in reporting something, there's a minor snafu, unless you can show that they actually meant to do harm on actual malice, you can't really prevail on defamation.

23:08And that decision has really been the bedrock of a free press in the United States. The president hates that decision. He has railed against it for years. He's never really found a way around it because the Supreme Court hasn't granted certiorari on a case that would challenge it, although some people have tried in the last couple of years. What Donald Trump is doing, basically, is finding an end run around that. So he files these lawsuits in his personal capacity against George Stephanopoulos, for example, for making a misstatement about the nature of his charges against E. Jean Carroll and the resulting verdict.

23:39And that likely would have been a case that ABC would have won. Like, again, the bar for defamation is so high. But the president, by threatening other things and simply by the force of being the president of the United States, and there's no big media institution that wants to get into a fight with the president of the United States, they're running into problems. And so they settle. And that basically is an end run. You get the media institution to come to heel. You get what you want. And you manage to avoid criticism. And you send, most importantly, a deterrent message to other media institutions, other media actors who might be critical.

24:13So what is happening with Kristen Welker, I think, is a shot across the bow to other journalists. Don't come for this president. Don't say anything about his power. Don't say anything about whether or not he has coattails that can pull other primary candidates along. He's not here for it. I mean, this was maybe just the most like simple statement. Completely verifiable. Completely verifiable. Much harsher things have been said about Trump on the NBC network, on Meet the Press by critics of his who have been on that show many times. And so one, it just sort of struck me that this is the one that sent him over the edge.

24:48But I understand your point that like if you're Kristen Welker, you might not really have anything to be legally spooked about right now. No, she doesn't have anything spooked about. She's part of a major media institution that has vowed to defend her and has the resources to do it. But think about the smaller journalists, the freelance journalists, the Don Lemons of the world, who are also bringing these stories to light, also in the crosshairs of this administration, and who may not have the kind of legal defense apparatus behind them to be able to mount this. Because for this president, the process is the punishment, mounting a defense, getting lawyered up, spending the time.

25:22If you have to go to depositions, he's proven time and time again that he's incredibly litigious and he's happy to do this. If you don't have endless time and endless resources, this can be a huge impediment and you might maybe hold your powder. Do you think some of the statements, Brendan Carr, who's at the FCC, of course, leading the way there. Do you think some of the statements he's made could actually harm Trump if these cases continue to escalate? Because he just comes out and says this stuff on right wing media. He's like, I'll be surprised if we ultimately don't go down the path of revoking people's licenses.

25:50He's saying Trump is reshaping the entire media ecosystem. He's taken credit for things like NPR being defunded, PBS defunded, CBS having new ownership, CNN about to have new ownership. I mean, it's like he's giving the game away. Well, I mean, again, there's a lot to go into litigation. Like, there are already challenges to it. And I think if challenges were ultimately to come up to the court, a court, there would be a lot here that would, again, support a case of retaliation, maybe First Amendment violations. They're taking a chance now that people aren't going to sue, that they don't want to be in litigation with this administration, that they need the FCC to play ball with them because of their licenses, whatever.

Read the full transcript

26:28And I think there's also a very big bet, and this goes back to Norm's discussion in your last segment. If it does get to the Supreme Court, there's kind of an unstable environment around this court. They seem to be, you know, amenable to where the president is, at least on the shadow docket. I have to ask you about another quick case and update today before we go. This has to do with FBI Director James Comey. Of course, the 86-47 Seashells on the Beach case. Federal prosecutors issued a grand jury subpoena for a former advisor to Comey. I'm going to read from the New York Times reporting. It remained unclear what sort of testimony the prosecutors in Florida want from Mr.

27:03Richmond, a law professor at Columbia University who once served as an advisor to Mr. Comey at the FBI. What do you make of this initial reporting? Well, they're continuing to go after Jim Comey. And I think one of the things that this is, is again, another deterrent message for people who might be in the milieu of individuals who criticize the president. You get involved in this, too. So, you know, Dan Richman is a law professor at Columbia Law School. He's been the subject of investigations like they've wanted him before. In fact, information about Dan Richman and his relationship with Jim Comey and with regards to information that was, you know, allegedly, according to the administration, fed to the media, was part of the initial lawsuit that was brought against Jim Comey for lying for Congress.

27:44So he's been the subject of these investigations before. And again, the process is the punishment. It's like it's not fun to be involved in these investigations. You have to get a lawyer. there's a lot of time and money and investment and dealing with all of this and you've got a life to live and other things it might make you what sort of rethink you know do i want to hang out with my friend jim comey do i want to provide advice to jim comey like do i want to provide advice to anyone who has decided that they're going to be very vocal in their critique of the president um do i want to work for anyone like mr comey in this current environment again i mean in case someone comes after me that's a real thing exactly i mean isolating people melissa marie It's so good to see you.

28:24Thank you. Thank you. Still ahead, progressives making waves, winning unexpected primaries ahead of this year's big midterm elections. But first, why Trump's new Venezuelan oil deal is raising eyebrows.

28:53AI, scaling your work from day one. The same Monday.com that your team will actually love using. The same Monday.com with an easy and intuitive setup. Go to Monday.com and try it for free. Yes, the same Monday.com. Traditional home security only alerts you after a break-in and that's too late. SimpliSafe is changing that. Stop. This is SimpliSafe. Police are on the way. We don't just alert. We stop crime before it starts. SimpliSafe. Plan starting around a dollar a day. Save 60 % on a new system with professional monitoring during our 20th anniversary sale at simplisafe.com slash sxm. Outdoor deterrence requires a SimpliSafe Active Guard outdoor protection plan starting at$49.99 a month.

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30:13The Trump administration is making moves in Venezuela that aren't just eyebrow raising. They are exactly the kind of actions this administration once used as evidence that Venezuela's former dictator, Nicolas Maduro, and the entire old regime around him were corrupt. Trump has this plan for the U.S. government to take a direct stake in Venezuela's oil reserves months after toppling their dictator in the middle of the night and putting him behind bars here in the U.S. The Wall Street Journal reporting that the Pentagon would help finance the oil venture with a 35 % passive stake in a private company that would get access to 17 oil fields said to contain 65 billion barrels of oil.

30:54Critics say this looks a whole lot like a smash and grab operation. The U.S. military takes control of a country and then takes a share of the profits. It looks so unsavory that even some folks over at Fox are skeptical. Maybe I was a little too naive here. I thought the primary purpose of taking out Nicolás Maduro was because he was a communist dictator. Until there are elections, there will be a lot of questions about motivations here and whether the interests of the Venezuelan people are at hand. And the Pentagon's partner in this whole deal is a controversial businessman who U.S. prosecutors once accused of embezzling more than a billion dollars, Alejandro Betancourt, a political insider who Venezuelans warn enriched himself during the Chavez era.

31:43The Washington Post reporting recently that the Trump administration intervened in a Swiss criminal investigation of Alejandro Betancourt, and they have not acted on a Swiss arrest warrant against him. Instead, the United States has allowed Betancourt to enter the country repeatedly for meetings with the Trump administration. Betancourt was never charged and has denied all wrongdoing, but the optics aren't great. The Wall Street Journal editorial page saying, quote, it looks less like a normal commercial transaction than it does the famous scene of U.S. businessmen meeting with the Cuban strongman in The Godfather Part II when the Cuban dictator got a golden telephone.

32:23I would like to take this opportunity to thank United Telephone and Telegraph for their lovely Christmas gift. I want to take the opportunity to give you the United Telephone and Telegraph Company. A solid gold telephone. And this famous scene coming to represent bribery and runaway corruption between governments and businesses. Joining me now is Alejandro Velasco, associate professor of history at NYU and an expert on U.S. military interventions in Latin America. I guess my big picture question for you, Alejandro, is Venezuela essentially becoming a client state of the U.S.? Oh, no doubt about it.

33:03Now, the real question I think that we're asking ourselves is how brazen the Trump administration will continue to be in its efforts, not only turning Minnesota into a client's state, but really a vassal state. We had reporting over the summer that Devece Rodriguez, the acting president, personally vets any tweet that she posts on X with Marco Rubio before she does anything. And what we're seeing now with this oil deal, of course, is you might have the impression that Venezuela is agreeing to it. But, of course, it's agreeing to it only because it has zero leverage against the Trump administration.

33:38So it's absolutely a client state. So who is Alejandro Betancourt and what does his elevation in this whole deal represent to you? So Alejandro Betancourt is what's known as a boliburgues, so a Bolivarian bourgeois. These are folks who emerged during the Bolivarian Revolution, first in Diego Chavez, but most significantly in Nicolas Maduro, to essentially try to, in the context of significant sanctions by the U.S. administration against Venezuela, to find ways around that. But of course, they would do so at high risk and tremendous personal reward. So they would be allowed to go around national law, often having secret bank accounts in order to be able to funnel some of the resources of Venezuela back to the Venezuelan government.

34:24And Alejandro Batancur is one of these people, right? What's been amazing is that his, as you said, elevation suggests a couple of things. One, he has much more relationship with people like Marco Rubio and perhaps even Trump himself than we certainly knew before. But two, that perhaps are using him as a bit of a fall guy in case this goes south and they don't have to try to tie themselves too tightly around this operation, but they can just paint it all on him. So Trump's argument here is that by striking this deal and getting so deeply involved in Venezuela's affairs, he's going to be able to lower gas prices here in the United States.

35:05From how you understand the business to work there, the dynamics at play between these two countries right now, is that an assertion based in reality? No. I mean, the relationship between oil production globally and how that manifests to the prices that you pay at the pump is not quite as one-to-one as people sometimes make it seem. Oil is fungible, lots of commodity flows, but to extract especially the type of oil that flows out of Venezuela, which is extra heavy crude, and then bring that to market, it's going to take years at the levels that Trump is— Years. Years, absolutely. At the levels that would allow the gas prices to be lowered.

35:44But the other thing is that there's a perverse incentive. Because it takes a tremendous amount of investment to extract this type of oil, for oil companies, they want those prices to stay high so they'll recoup those investments. But if he's saying, no, we want prices to be low, then that makes it far less attractive to oil companies to actually carry out those investments that they would need. That's in part, I think, why we're seeing the Pentagon becoming more involved, because they're having such a hard time getting private oil companies to get to Venezuela and actually undertake the investments that are required.

36:14Alejandro, thank you so much. Always good to see you and appreciate your expertise. Up next, Democratic Senate candidate in Florida, Angie Nixon, is joining me live.

36:32We're nearing the halfway point of the second Trump term. And with midterms just a few short months away, all eyes are on control of Congress, with Democrats hoping they may be able to flip the Senate. They need to gain four seats in the Senate to regain control. And one hotspot to watch is the special Senate election in Florida, where progressive win in the Democratic primary caused a stir, which comes amid other left-leaning progressive candidates winning big in primaries this year. Democratic state rep Angie Nixon won a huge upset in Florida despite a massive fundraising disadvantage, and now she faces off with incumbent Ashley Moody.

37:08If elected, Nixon would be the first Black lawmaker and second woman ever elected to represent Florida in the Senate. Joining me now, of course, is Angie Nixon, Florida state representative and the Democratic candidate it for Senate in Florida. Angie, it is good to see you. Thank you so much for joining me tonight. Thank you for having me. I'm so excited to hear. Of course. I have so many questions for you. But I want to start with a sort of broader question because, you know, at this point, you've proven that you can win a primary without big money. But the rest of Florida, it can be a different story.

37:43You know, the New York Times has reported that your campaign raised$1 million in the first 48 hours after your win. That's more than you had raised the entire primary, but still a lot less than Miss Moody has in the bank. So walk me through the game plan here. How do you make up the ground and where are the voters, the specific communities that you are talking to and you think you can turn out? Yeah, for sure. So we are going to continue the way we started out in the primary and we're going to expand upon that. And so we've already raised about three million right now and it's been a little less than two weeks.

38:17And we are going to have a very aggressive 67-county strategy. Folks don't realize, but I am not someone who just popped up overnight. I have been a union organizer and a community organizer in the state for the past nearly two decades. And so I've built a really unique, diverse coalition across the state. And people have been leaning in. Just this weekend alone, we had over 700 volunteers that were out on doors knocking for us across the state of Florida. And that's only expanding. We had a phone bank that we just threw up a flyer randomly as we were recruiting more volunteers. And we had 100 volunteers show up and we called through 32 ,000 voters.

39:02And so we're going to keep doing grassroots, people-powered organizing. And we're asking folks to donate to our campaign. And I need folks to know this is just not, it's just not my campaign. This is the people's campaign. People are working harder than ever. And they are just frankly tired of these corrupt politicians in Washington, D.C. like Donald Trump and Ashley Moody, who are working less and less and less and getting richer. They want something different. And I plan to run and become the next United States senator to put the power back into the hands of the people. You've spent so much of this campaign talking about greed, corporate corruption.

39:41You've talked specifically about your opponent, Moody. And I'm going to get to some of the scandal that's happening in Florida in a minute here. But while you're trying to talk about affordability and the sort of crisis that Americans are facing, your opponent is trying to make this race about one word, and that is socialism, a word that carries a lot of baggage in the state of Florida, where there are a lot of people who've escaped countries like Venezuela and Cuba. And so how do you convince people, persuade people that what you are talking about, your vision, your economic vision for this country, it's not what they may have experienced.

40:15And so what I do is I just lay out the facts. I lay out my track record of how I have been able to stop price gouging from happening with big box chain stores that were overcharging people and got them to do right by them and offer fair pricing and also point out how Ashley Moody is so in total lockstep with Donald Trump. You just had a gentleman on who was talking about how he has taken over Venezuela. That sounds like communism to me. They're taking over their oil reserves and wanting to sell them off. That is the epitome of what communism is. And that is what Ashley Moody is OK with. And I am totally not OK with that at all.

40:59What I want for the people of the great state of Florida and in this country is to make sure everyone has access to affordable health care, right? Quality health care. By the way, a Yale study came out recently that stated if we pass universal health care in our country, the government will save a trillion dollars, a trillion dollars. The only people upset about things like this are these corporations who are also the campaign donors of Donald Trump and Ashley Moody. And then I'm also a former single mom. I was one for 12 years. I know parents are stretching their pocketbooks as much as possible to make sure that they're paying for their children to go to child care.

41:43If we had things like universal child care, for every dollar the government spends, that puts$3 in the economy, meaning parents are able to go back to work and drive the economy and make small business owners get more money and keep the economy going. And so these are common sense solutions. But again, those labels that Ashley Moody are trying to put on me, it's just a distraction in her failed policies. The fact that she voted to end the ACA subsidies, which knocked over 440 ,000 people off of the ACA here in the state of Florida, that is something that she has to answer for. Well, one other thing I think some people in your state might want her to answer for is this big$10 million scandal going on in your state.

42:30So, you know, I don't need to tell you, but for any viewers who don't know, leaked grand jury report last week finding that the DeSantis administration misappropriated$10 million in taxpayer money from a Medicaid settlement. And DeSantis' wife and your opponent, they're, you know, under the microscope for their ties. Moody says via her office that she didn't know about how the money there was ultimately used. Do you think she's telling the truth? She's absolutely not telling the truth. And it's not misappropriated. They stole$10 million and allowed that money to be used for political, to end basically two ballot initiatives, to defeat two ballot initiatives that the citizens placed on the ballot that would have improved our health here in the state.

43:19And her reward for that was her U.S. Senate appointment. She knew exactly what she was doing. She signed off on it. She had spoken with the guy that allowed some of the things to happen, her staffer. She knew everything about it. And again, she was rewarded as U.S. Senate thief. And so Ashley Moody is a liar. She's a thief. And she is, you know, kissing up to a president that is basically a communist, right? He's taking control of private industries in another country. He's also cozying up to someone like the guy in North Korea who is a known communist. And so Ashley Moody is bad for Florida. She's bad for our country.

44:06And if we want to change things, people will vote for me on November 3rd to become their next United States senator. Angie Nixon, thank you so much. I hope to talk to you again soon. So, so much to dig into in your race. For sure. Have a good day. And we should note Senator Ashley Moody is welcome to come on the beat any time she would like as well. And we're going to be right back.

44:37Finally, tonight, I want to share some personal news. I am honored, overjoyed, to announce the premiere of my new show, The Assignment with Antonia Hilton. It's going to air Saturdays and Sundays starting at 1 p.m. Eastern right here on MSNOW, and it debuts on September 12th. I believe that journalism has an assignment, and that is to bear witness, ask the hard questions, and hold the powerful to account, and to uplift people whose lives often get lost beneath the headlines. And so my assignment is going to be to bring you breaking news, the most important political and cultural debates of our time, and deeply reported original stories.

45:15We're already working on something very special for the launch weekend, so I hope you tune in. Again, that's weekends 1 p.m. premiering on September 12th. And that is going to do it for me tonight.

45:51Active Guard outdoor protection plan starting at$49.99 a month. Visit simplisafe.com slash licenses for alarm license information. Tennessee 2012.

From the publisher

Aug 31, 2026; 6pm; MS NOW's Antonia Hylton reports on the latest on the Iran war and is joined by Reverend Al Sharpton. Plus, President Donald Trump calls for NBC anchor Kristen Welker to face “rebuke or punishment” from the Federal Communications Commission over her comments about his primary endorsement record. Hylton reports and is joined by NYU's Melissa Murray.

To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts.


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