In short
This episode of The Lead (Phil Mattingly) covers four main stories: US-Iran diplomacy, a legal fight over the Kennedy Center sign, energy/infrastructure impacts on prices, and Elon Musk’s trillionaire status plus related politics.
Guests and backgrounds
Barack Ravid, CNN political/global affairs analyst and longtime Iran negotiations reporter. Ed Lavendera, CNN correspondent in Cushing, Oklahoma. Tom Kloza, chief energy advisor at Gulf Oil. Congressman Sam Liccardo (D-CA), former mayor and policy voice on wealth/politics. Sky Paraman, president/CEO of Democracy Forward, a democracy and voting-rights legal advocacy group. Also featured: panelists Malik and others (immigration segment), plus CNN’s Betsy Kline and Pete Mantine as reporters.
Key claims and notable examples
US and Iran are “85–95%” toward an MOU that would reopen the Strait of Hormuz, lift the US blockade, and require dismantling Iran’s nuclear program (with US taking/destroying enriched material); signing could be remote. Kennedy Center: a judge ordered removal of “Trump” signage by 11:59 p.m., with DOJ seeking a 7 p.m. appeals freeze. Energy: Cushing, OK crude storage is below 22 million barrels (vs ~75 million capacity), with executives warning gas prices could rise if tanks aren’t replenished. Air traffic: FAA is transitioning from paper flight strips to digital systems. Musk: SpaceX’s IPO made him the first trillionaire; Liccardo argues Starlink’s satellite communications raise national-security and taxpayer-subsidy concerns.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOIntroduction to Global Affairs
1:10 to 1:51
Overview of current events including U.S.-Iran negotiations and Elon Musk's wealth.
“the Trump administration is feeling good about its dealings with Iran.”
U.S.-Iran Agreement Discussions
1:51 to 4:10
Discussion about the potential U.S.-Iran agreement and its implications.
“In for Jake Tapper, we start with our world lead.”
Israel's Reaction to the Deal
4:10 to 8:47
Insight into Israeli Prime Minister Netanyahu's concerns regarding the deal.
“We've been in that point many times before, but I think that this time it looks different, especially because, you know, we can see how the Iranians are presenting this.”
Kennedy Center Legal Drama
8:47 to 10:45
Update on the legal situation surrounding President Trump's name at the Kennedy Center.
“Now to breaking news and our law and justice lead.”
Oil Storage Crisis in Cushing, Oklahoma
10:45 to 14:00
Exploration of Cushing's oil storage crisis and its impact on gas prices.
“Trump's UFC fight coming up on Sunday and on the Anti-Weaponization Fund.”
Cushing Oil: Current Challenges and Predictions
14:00 to 18:09
Learn about the current oil levels in Cushing and potential future impacts on gas prices.
“And analysts say that if these tanks are not replenished fast enough, that could mean in the weeks ahead, we're paying more for gas at the pump.”
Concerns Over U.S. Oil Supply and Global Impact
18:10 to 22:48
Discussion on the implications of U.S. oil supply, including concerns over strategic inventories and the Strait of Hormuz.
“I don't, I'm interested if you know what he's referring to and if so, where it's coming from, where it's going at this point?”
Concerns Over U.S. Oil Supply and Global Impact
23:43 to 24:05
Discussion on the implications of U.S. oil supply, including concerns over strategic inventories and the Strait of Hormuz.
“You can count on Credit Karma to keep up with your financial needs as they evolve, helping you monitor your progress and giving you personalized recommendations so you can make strides towards your goals.”
Elon Musk: Implications of His Trillionaire Status
24:06 to 28:00
Exploration of the economic and political ramifications of Elon Musk's wealth and influence.
“In our money lead, an historic liftoff for SpaceX today.”
Regulating AI: Challenges and Opportunities
28:00 to 30:12
Discussion on the challenges of regulating AI and potential policy approaches.
“We know it has incredibly harmful effects to our democracy.”
Show all 33 chapters
Backlash Over Immigration Enforcement Practices
31:06 to 37:10
Panel discussion on community reactions to immigration enforcement practices at schools.
“Those are immigration agents detaining two people in the school's parking lot.”
Elon Musk's Wealth and Political Impact
37:10 to 42:00
Analyzing Elon Musk's rise to trillionaire status and its political implications.
“I think Republicans are really happy that we're going to be running against a Nazi who actually, if you go back and look at some of his Reddit posts, kind of blamed women for their own rape.”
Legal Developments Surrounding Trump's Projects
42:00 to 42:50
The segment discusses recent legal rulings affecting Trump's projects and their implications.
“The center asking an appeals court to intervene by 7 p.m.”
Judge Blocks Anti-Weaponization Fund
42:50 to 45:40
Sky Paraman discusses the implications of a judge's ruling on a fund related to the Trump administration.
“A decisive day in court for three of President Trump's pet projects.”
Concerns Over Administration's Legal Maneuvers
45:40 to 49:20
A conversation about the administration's tactics in court and the response from advocacy groups.
“But I want to turn to one of the other major legal moves today, which is Democracy Forward represented the plaintiffs in the anti-weaponization fund case.”
The Role of Citizens in Protecting Democracy
49:20 to 51:30
Sky Paraman emphasizes the importance of citizen engagement in safeguarding democratic processes.
“We need to stay focused on how we're going to make our voices heard, how we're going to protect the right to vote of all Americans in this country and not be so distracted by the president's sort of outrages of the day.”
Military Options Against Iran
51:30 to 51:55
CNN reports on U.S. military plans regarding Iran's nuclear program and presidential decisions.
“The people are going to have to make up their minds that we're not going to let anyone take our vote.”
White House Optimism on Iran Negotiations
51:55 to 56:00
The discussion revolves around potential agreements with Iran and their implications for global security.
“In our world lead, the White House is expressing optimism over a potential agreement with Iran that would restart negotiations.”
Discussion on Iran's Agreement Implications
56:00 to 58:31
Explore the implications of potential agreements with Iran regarding nuclear material and sanctions.
“as well as to stop their financing of terror proxies.”
Introduction to Courage Can Save Us
58:31 to 58:48
Introduction to the book and its theme of political courage across party lines.
“Ten leaders across party lines offer a roadmap for people seeking courage in a divided America.”
Author Rye Barkat on Political Courage
58:48 to 1:02:29
Rye Barkat discusses the inspiration behind his book and the importance of character values in leadership.
“In our politics lead in a divided America, a new book offers a compelling challenge.”
Trends in Veteran Candidates for Congress
1:02:29 to 1:04:44
Analysis of the rising number of veteran candidates running for Congress and their bipartisan appeal.
“So the organization with honor recently shared your analysis with Politico showing that the number of Democratic and women veterans running for Congress this year, that's at a record level.”
Closing Remarks and Book Promotion
1:04:44 to 1:04:54
Rye Barkat promotes his book, emphasizing the importance of courage in public service.
“And that's something that service can provide.”
World Cup Security Measures Discussion
1:04:54 to 1:08:58
Discussion on security measures being implemented for the FIFA World Cup in Los Angeles.
“I'm Coy Wire outside the stadium here in L.A.”
Player Expectations for the World Cup
1:08:58 to 1:10:01
Players share their excitement and expectations heading into their first World Cup match.
“Bottom line, you know, there's this massive security presence, Phil, but according to law enforcement sources, no known credible threats.”
Excitement for Upcoming Soccer Event
1:10:01 to 1:10:39
Participants express their enthusiasm for a major soccer event.
“We believe collectively that we can do something really special to change soccer in this country forever.”
Trump's Political Predictions
1:10:42 to 1:11:43
Discussion on John Cornyn's predictions about Trump's presidency post-midterms.
“predicting Trump, is about to have, quote, the most miserable two years of his life.”
Senator Cornyn's Critique of Trump
1:11:45 to 1:14:07
Panelists analyze Cornyn's criticisms of Trump and its implications.
“Cornen says he's not looking for payback or retribution, but did say this about the president after failing to get Trump's endorsement.”
Consequences of Trump's Influence
1:14:10 to 1:15:13
Discussion on the impact of Trump's hold over the Republican party and its future.
“He's going to have a great time with Democrats.”
Controversial Senate Candidate in Alaska
1:15:15 to 1:17:45
Debate over the legitimacy of a candidate running under a similar name in Alaska.
“But I think, you know, in the long term, I think the lesson that Nancy that we can sort of derive from Nancy's run is that going viral does not translate to winning an election.”
Democrats' Election Strategy Insights
1:17:49 to 1:18:20
Panelists explore Democrats' strategies ahead of the elections.
“I want to ask you real quick, right now, real quick, 20 seconds, Senate map.”
National Civics Contest for Youth
1:18:23 to 1:21:41
Coverage on a civics contest highlighting youth engagement and patriotism.
“We're introducing you to some of those competitors next.”
Impact of the Civics Contest
1:21:44 to 1:22:14
Reflections on the significance of the civics contest for students and national identity.
“8 ,000 high school students entered the competition.”
Transcript
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1:03So there's a possible agreement to start possible talks. The lead starts right now. According to a senior administration official, the Trump administration is feeling good about its dealings with Iran. So what's holding up the next stage? We're talking with someone well-sourced in the negotiations. Plus, Elon Musk, not only the world's richest man, now he's the world's first trillionaire with a T, richer than almost every country in the world. How his SpaceX debut on Wall Street is rocketing his wealth. And breaking news, the request that has Cruz standing by, waiting to see if they must take President Trump's name off the Kennedy Center or keep it there.
1:49Welcome to The Lead, I'm Phil Mattingly. In for Jake Tapper, we start with our world lead. The US and Iran inching closer to a potential agreement that would only start peace negotiations, sources tell CNN, a signing ceremony for a memo of understanding possible as early as Sunday in Switzerland. According to the Trump administration, this framework includes reopening the Strait of Hormuz, lifting the U.S. blockade of Iranian ports, dismantling Iran's nuclear program, which would include the U.S. taking and destroying Iran's enriched material. And if Iran complies, then and only then will it start to see financial relief.
2:26Billions of Iran's funds, of course, are currently frozen. So is this moment any different from the nearly 40 other times when President Trump claimed to deal with Iran was imminent? Well, one positive clue is actually coming from the Iranians. Today, the Iranian foreign minister said on Twitter, a memo of understanding has, quote, never been closer. We want to get straight to CNN political and global affairs analyst, Barack Ravid. And Barack, do we think at this point in time, this is a deal that not only is going to have a signing ceremony, but will actually be accepted by all the parties involved here?
3:04Well, first about the ceremony, the Iranian Foreign Minister Abbas Aragchi just, I think, 20 minutes ago said on Iranian state TV that that this deal might be signed remotely. It might be the Zoom Accords between the U.S. and Iran, which was an interesting development because Vice President Vance was getting ready to go possibly to Geneva. Two U.S. Air Force planes were also, were already making their way with some of the equipment of the advance team of the vice president. And what the Iranian foreign minister said, that this deal might be signed remotely, is definitely a new development. And it seems from what I hear from both several sources in the countries that are mediating and in the Trump administration, nobody says that this is a done deal, but all of them say that this is somewhere between 85 to 95 percent done.
4:09And this doesn't mean that the deal will actually be signed. We've been in that point many times before, but I think that this time it looks different, especially because, you know, we can see how the Iranians are presenting this. They're already celebrating this as a victory to their domestic audience. And actually, the Iranian domestic marketing of this deal is what caused the mini-crisis today that led President Trump to demand, both in public and in private, from the Iranians to issue a clarification for several reports on Iranian state media. And this is what led to Araqji's tweet earlier today saying that the deal has never been closer.
4:59And when I spoke to President Trump earlier today, he said that this post by Araqji was very positive and it helped avoiding a crisis when the parties are really close to a deal. Yeah, I was going to say, when I saw that, I thought, all right, this is different. Like, there is a clear effort here. I thought that. You talked to the president about that. That is the difference between me and you in terms of our reporting here. I want to ask in terms of what is at risk of unraveling? Should the U.S. and Iran truly get to this 60-day period for technical negotiations. You have covered talks on these issues across multiple administrations at this point.
5:36This is fraught to say the least. What is kind of your sense of how things will work going forward? So the Iranian nuclear program, let's say, okay, let's say that there is a deal. Okay, now they'll sign the memorandum of understanding. This is only the first step of, I don't know, thousand steps until you get to the real deal, which is a deal on dismantling parts or limiting parts of the Iranian nuclear program. The 2015 nuclear deal took 18 months to negotiate. So I find it hard to believe that 60 days are enough in order to address all the different issues, both Iran's highly enriched uranium stockpile, Iran's enrichment program, Iran's nuclear facilities, the return of IEA inspections to Iran, the verification and monitoring.
6:33There are a lot of issues here. This is not something you can do in two months, in my humble opinion. So I think that as the MOU stipulates, if both parties agree to continue the negotiation, for another period of time after the 60 days, they can definitely extend this deal. I was struck in talking to administration officials by confidence, bordering on, I think, dismissiveness of Israel's concerns about this and whether or not they will be on board with an MOU if they reach the signing point. What are you hearing from your sources on that? You know, this is not how Israeli Prime Minister Benjamin Netanyahu wanted this war to end.
7:21When he went hand in hand with President Trump to this war, Netanyahu's goal, stated goal, was regime change in Iran. And what he got now is that this war is ending with more or less the same regime, maybe different people, but the same system, and with a deal between the U.S. and Iran. This is not what Netanyahu planned. And yesterday, when President Trump put out his statement saying that the deal might be close, Netanyahu was caught off guard. He learned about this from one of his aides entering his office with a piece of paper saying that President Trump just tweeted this. And when he spoke to President Trump later that evening, President Trump told him, according to U.S.
8:08officials, look, this is the deal, I think it's a good deal, and this war has to end. And Netanyahu, from what I heard from my sources, sort of conceded. He didn't really argue, he just told Trump, well, I trust you that you'll stick to your commitments about what Iran needs to do regarding its nuclear program. But I think that for Netanyahu, this is not good news at all, especially, by the way, that in less than four months, he has an election. And domestically, this is definitely doesn't look like a win. Barack Ravid, always grateful for your reporting, for your time. Thanks so much, my friend.
8:49Thank you. Now to breaking news and our law and justice lead. You're looking live at the Kennedy Center here in Washington, D.C., where crews have scaffolding up to remove President Trump's name from the building. CNN's Betsy Kline is there. Betsy, work there is at a standstill because of a last-ditch legal effort by the Kennedy Center Board. What's happening right now? Well, Phil, it's some combination of legal drama as well as severe thunderstorms that is slowing this process down. But there have been so many twists and turns in this legal battle. In short, back on May 29th, a federal judge ruled blocking the center from temporarily closing for renovation.
9:30That judge also ruled that the Kennedy Center's board violated the law when it added President Trump's name without congressional approval. He gave officials 14 days to remove the exterior signage, as well as marketing materials, references to Trump on the website, as well as email signatures, among other things. That deadline is 11.59 p.m. tonight. Then this afternoon, after the Board of Trustees voted to appeal that decision, the judge denied their request to pause that deadline. Then the Kennedy Center escalating its effort to avoid compliance. They are now asking the U.S. D.C. Circuit Court of Appeals to freeze this ruling.
10:12Department of Justice lawyers are asking to have a ruling by 7 p.m. tonight. So very tight timeline there. if this happens, if the judge declines to freeze that, this would mark the first time that one of President Trump's efforts to place his mark on Washington, D.C. has been undone, Phil. You know, Betsy, the good news is this show goes till 7 p.m., which means I feel like we're going to have you back here soon, weather permitting. Of course, I appreciate you, my friend Betsy Kline from the Kennedy Center. Thanks so much. Well, federal courts also weighed in today on President Trump's UFC fight coming up on Sunday and on the Anti-Weaponization Fund.
10:52We will get to those. Plus, the oil storage problem that has oil executives freaked out about your gasoline prices. See why for yourself from the Oklahoma town known as the Pipeline Crosswords of the World.
11:31We'll see you next time. Give it a try at mintmobile.com slash switch. Upfront payment of$45 for three-month plan, equivalent to$15 per month required. Intro rate first three months only. Then full price plan options available. Taxes and fees extra. See full terms at mintmobile.com. Craig Ferguson is going coast to coast to unpack what it really means to be an American today. What could possibly go wrong? Craig Ferguson, American on purpose. New episodes now streaming on the CNN app. Go to cnn.com slash watch to subscribe or log in with your TV provider.
12:04We're back with the money lead and gas prices down for 22 straight days. AAA shows the national average now at$4.11 a gallon, down two cents from yesterday. But oil executives worry prices could quickly reverse course. And here's a major reason why. America's energy hub is running dangerously low on oil. CNN's Ed Lavendera went there to Cushing, Oklahoma, a small town that calls itself the pipeline crossroads of the world.
12:34A drive around Cushing, Oklahoma with Farrell Kleckner is like stepping into a time machine. That rock building there is probably the oldest building in Cushing. So over time, you've kind of become the Cushing unofficial historian or the official historian? Where are we at? The unofficial historian. Cotton was king here until 1912 when some wildcatters struck oil. Cushing really took a boom in the 20s. In the oil business, Cushing is now one of the most important places in the world you've probably never heard of. It's a dot on the map between Oklahoma City and Tulsa, where a vast network of underground pipelines feed into one of the world's largest privately owned storage hubs for crude oil.
13:20We'll go for two miles out here. I don't have nothing but tanks. But this is what Cushing is known for today. As far as the eye can see, dozens of massive storage tanks dot the landscape. Oil industry analysts closely monitor how much crude oil is in these tanks. And right now, alarm bells are ringing. Usually, the Cushing tanks can hold about 75 million barrels of oil. The levels now have dropped to below 22 million. Because of the Iran war and the closing of the Strait of Hormuz, that's one of the reasons why storage levels here in Cushing have dropped to such critical levels as the U.S. is supplying more oil to other parts of the world.
14:02And analysts say that if these tanks are not replenished fast enough, that could mean in the weeks ahead, we're paying more for gas at the pump. When these tanks reach the 20 million mark, it's like scraping the bottom of the barrel. The crude oil becomes an unusable sludge. From above, you can see how low the ceilings of these tanks have dipped. They're designed to float up and down with the oil levels inside. So for 114 years, there has been a pump jack here. Continuous production. The Cushing oil age was born on this spot. And now it's making five barrels a day? Five barrels a day. Site of the first well drilled here.
14:41Steve Crowder runs it now along with almost 100 others. Given how low the capacity levels are at Cushing, does that create concern about what's coming down the pike? Well, it should create a lot of concern with a lot of people. In the last 20 years, any time oil inventories at Cushing have reached levels this low, it's triggered historically high oil prices. Energy executives at companies like Exxon and Chevron are warning that the United States is less than a month away from seeing gas prices shoot up as long as the Iran war drags on. Does that mean the worst is yet to come, in your view? Yeah, I'm an optimist, or I wouldn't be in this business, but I'm afraid that it could be some difficult times coming.
15:31If the conflict is resolved, the strait is open, shipping resumes, we'll dodge a bullet and we'll avoid some real problems. And if it drags on, it could be really tough, real tough. What happens here really matters. It does. Along an old downtown street in Cushing, we met with Lee Denny, a former state representative who was born here and has seen the booms and busts in Cushing Oil. She predicts oil producers will replenish inventory soon, and that will prevent a painful spike in gas prices. They're going to keep producing as fast as they can because that's when they make money. And so I'm optimistic that they'll fill up.
16:17But is$5 a gallon gasoline or more than that on the horizon? Boy, I hope not. I hope not because that's not comfortable for the consumer. Ed Lavendera, CNN, Cushing, Oklahoma. Ed Lavendera, thanks so much. I want to bring in now Tom Closa. He's the chief energy advisor at Gulf Oil. And Tom, I love that piece for so many different reasons. But one of them is I feel like I've written, spoken so much about Cushing and never physically like seen the whole process there. And the reason why I've written, talked so much about it is because I've been hearing for weeks now from oil executives or people tied to the industry.
16:53This is the thing you need to watch for as the U.S. continues to play like the linchpin role in the global triage effort. tied to Strait of Hormuz. What's your degree of concern right now? You know, my degree of concern for Cushing isn't all that great. I am concerned about inventories, not just in the U.S. and in strategic inventories, but around the world. Cushing isn't as important as it was a few years ago. And, you know, they actually have storage available for almost 100 million barrels. But a lot of the crude oil that used to flow to Cushing, you know, we used to say all roads lead there, now goes directly to the Gulf Coast for export in some cases.
17:33I'm more worried about strategic inventories, which some people think will be strained if we go below 300 million barrels. And right now, based on the sales of the SPR, we're going to touch around 240 million barrels, sometimes in August or September. Yeah, the weekly numbers have been extraordinary to see over the course of the last month, six weeks. I want to ask you, President Trump has talked a few times that about the idea the U.S. has been removing oil from Iran. I want to play a bit of that. Take a listen. Do you know we've been taking out millions of barrels of oil? Nobody knows it. You know who doesn't know about it?
18:13Iran until right now. I don't, I'm interested if you know what he's referring to and if so, where it's coming from, where it's going at this point? Well, the energy secretary said today that about 7 million barrels a day are exiting the Strait of Hormuz. That's about 3 or 4 million barrels a day higher than a lot of the banks estimate. So, you know, I've always said that oil statistics are not measured with precision instruments, and particularly when the president's involved. So we'll have to see. I mean, he's got to get a birthday present this weekend in that most people are going to be able to buy gasoline for less than$4.
18:53But, you know, what happens in July and August really looms large before the midterms. Yeah, it's a really great point. A UFC fight and gasoline prices. These are two good things for an 80th birthday, I suppose. Tom Kloza, always appreciate your time and expertise, my friend. Thanks so much. Thanks, Phil. Well, up ahead, inside air traffic control in the U.S., a system well overdue for an upgrade. Pen and paper. Pen and paper. Old school. Old school. See the multi-billion dollar overhaul to help keep you safer in the skies.
19:30Are you one of those media strategy people clicking through slides, scrolling spreadsheets? Yes? Good. This is for you. Because on Spotify, there's an audience that's different. Locked in. Loyal. Invested. They're called fans. Fans don't just listen to music. They feel seen by it, like it belongs to them. So when your brand shows up on Spotify, that's who you're talking to. And you're right next to artists like me, Lizzo. So are you ready to talk to fans? Spotify Advertising. You're among fans. In our national lead, the reliance on pen and paper to track flights across the U.S. every day. Now, that decades-old system under the scrutiny of aviation officials is getting an update.
20:14CNN's Pete Mantine reports on the Trump administration's multi-billion dollar aviation overhaul. Eastern 392, runway 32, left foot land. The airlines have changed and so have the hairstyles, but the technology, not so much. Paper is still the backbone of America's busiest control towers. Pen and paper. Pen and paper. Old school. Old school. Known as flight strips, these small printouts detail critical information for air traffic controllers, including the flight number, departure airport, route, and destination. They are physically passed from controller to controller and updated by hand. He has to physically get up and pass it to the local controller.
20:56The local controller then validates, gives all the verification, and then talks to the pilot and then gives him clearance to take off. Amy Patel is leading the FAA's transition from paper strips to digital, the latest target of the Trump administration's multi-billion dollar air traffic control overhaul. It's just old. We've been doing it for so many years and there's a better way of doing it. They're not heads up. We want to maximize their heads up time so they're more efficient. At least two of these strips are printed for each of the 55 ,000 flights in U.S. airspace each day. The digital replacement for these are at 17 different air traffic control facilities and the goal is to grow that number five-fold by 2028.
21:40We've got all of our flights ready and queued up. Once she's confirmed, she's going to press it to go over to ground control. OK, so now it's over here. Now you'll see over here they can make any changes and edits. They now send it to local control. Paper is great for taking notes, but not for tracking your plane in the sky. Transportation Secretary Sean Duffy calls this just the start toward building a brand new air traffic control system by the end of 2028. Congress has already given the White House$12 billion, and Duffy wants another$10 billion for software upgrades. The Trump administration says crews have already upgraded half of all aging copper communication lines linked to last year's radar blackouts in Newark.
22:20Our scope ship went black again. Look at how fast we're building. Look at the technology that we're using. The way we rethought how we build. Give some faith. Give us some money. And don't make us wait. Though the cash may not convert controllers, convinced the old ways are still the best. Dave Riley was a controller for 32 years. I would definitely be very skeptical and would want to make sure that it does all the things that we can do with paper strips and have the reliability that a paper strip and a pen would have. The FAA has promised to replace paper strips for more than a decade now, but the transition has not been seamless.
23:03At Reagan National Airport just outside Washington, D.C., implementing the new system caused flight delays As controllers got up to speed, the head of the controllers union tells me that's not unexpected, but he insists it will be worth it since this will make flying safer in the long run. Bill. Hey, my team. That's a great piece, my man. Thanks. Thank you very much. I appreciate it. Well, Elon Musk, now the world's first trillionaire. How long it could take to spend his kind of money and what a member of Congress has to say about this one man's level of concentrated wealth. That's next.
23:39This episode is brought to you by Credit Karma. When it comes to your money, Credit Karma keeps you ahead of the game. You can count on Credit Karma to keep up with your financial needs as they evolve, helping you monitor your progress and giving you personalized recommendations so you can make strides towards your goals. Make sure you're on the right track, no matter where you are on your financial journey. Intuit Credit Karma. Karma you can count on. Download today. In our money lead, an historic liftoff for SpaceX today. The Elon Musk-founded rocket and AI company blasted records in its stock market debut.
24:17SpaceX opened at$150 a share, climbed as high as$176 during trading, and settled at just under$161. It's the largest IPO to date. The blockbuster debut made Elon Musk the world's first trillionaire. Just to put that into some perspective here, if you were to spend$1 million every hour, every day, it would still take more than a century to spend it all. We all have that problem. Let's discuss now with Democratic Congressman Sam Ricardo of California. Congressman, I really appreciate your time. I want to start with something I've been thinking about throughout the course of the day. As you see the trillionaire moniker become a real live thing, the blockbuster IPO.
24:57And yet I spent a lot of time covering the economy and you have 70 plus percent of people in polls saying affordability is the biggest issue that they're dealing with right now. Do you view what we saw today as a success story, a warning sign or something else? Well, Phil, good to be with you. You're right. The stock market has become increasingly unmoored from what's really happening in the economy for tens of millions of American families right now. And so, look, this is a good news, bad news story. It's good news anytime there's an IPO. We want more retail investors to be able to benefit from the growth of the innovation economy.
25:35But we know that benefit is extraordinarily narrow. And while it may make news that there's one trillionaire now in America, the reality is that according to the Urban Institute, about half of Americans cannot afford basic necessities. and the cost of those necessities is growing faster than their incomes. One of the other things that I've been thinking about a lot today is the concentration of wealth and power, particularly in a company that is a linchpin for national security, for space travel. Does that raise any concerns for policymakers? And is there anything that could be done if there are concerns there?
26:13Well, certainly there are concerns. And I'd say even more than space travel. It's what the space travel leads to. And what I'm pointing to is Starlink, the ability to control communications and data globally. This is really the great value of this company, a company that actually lost$5 billion last year and another$4 billion in the first quarter this year. The reason why investors are excited about this company is overwhelmingly because of the network of satellites that are up in space today and will continue to be that control communications telecommunications. And there is an important story to be told.
26:50We've got billions of dollars of federal money to help support families that struggle, that need to be connected, that are underserved right now. Starling is bidding for that funding in various ways, and they're seeking exemptions with regard to service quality in various ways. And this is a company simply that the federal government and taxpayers shouldn't be subsidizing. Do you have any concerns about the individual who was able to spend 200 plus million dollars in 2024 for Republican candidates now having a trillion dollars to do if he decides to stay in power, get back into politics, I guess, at this point as a Democratic member, just as a member of Congress in general?
Read the full transcript
27:32Do you have any concerns about that? Well, regardless of who he's given money to, it's clear that just about everybody in America agrees that we need to get money out of politics, except for a few justices on the Supreme Court who decided it's just fine. And there's somehow a First Amendment protection for it. So we need a constitutional amendment in order to undo not just CISNs United, but in fact, decisions from decades before Buckley versus Vallejo and others that have somehow or another protected this kind of outrageous amount of campaign spending. We know it has incredibly harmful effects to our democracy.
28:11Clearly, Elon Musk's impact and influence is outsized for any individual or company, and we need reform. So there are two bills now in Congress to start this march toward amending the Constitution. This is going to be a very long journey, I know, but we've got to start now. The thing that I really wanted to ask you about was AI and kind of the role of policymakers on the federal level and I guess on the state level as well. You had a recent Washington Post op-ed you made clear we can't regulate AI, which is something that anybody who comes from your part of California who has watched lawmakers, no offense to you personally, try and get their heads around how to regulate tech, understands exactly what you're saying there.
28:54What does kind of the referee or government role here look like in your mind policy-wise? Yeah, what I think is a better approach is one that really takes advantage of the primordial instincts of these hyperscaling companies. This is an incredibly intensely competitive industry. And what they fear the most is having 50 different states trying to regulate them in 50 different ways. And it seems to me that if we are able to set a threshold for a safe harbor from all of that different kinds of regulation that may be contradictory and conflicting, for those companies that set the best practices for safety, and we know how at least to identify the categories of risk that we need to mitigate.
29:40And there's an agency called Casey that's been hard at work at this for several years. If we can set that threshold, we can establish a race to the top and force them to compete against themselves on safety and thereby really make the technology safer for all of us, rather than pretending that a regulator is going to be able to figure it out. Yeah, it is a fascinating, also slightly terrifying policy discussion at this point in time. I know you're going to be in the middle of it for months and years to come. Congressman Sam Liccardo, appreciate your time, sir. Thanks so much. Hey, great to be with you, Phil.
30:15We'll talk more about Elon Musk and what his trillionaire status could actually buy, plus why Democratic Senate candidate Graham Plattner says President Trump calling him a thug and a pig might be the nicest thing anybody's ever said about him. Stay with us.
30:34You ever have somebody offer to come home with you from the hardware store? I am giving away a room makeover. Where's the catch? Three days to complete this renovation. You have no say in design, and we start today. Oh, wow. You're not just gonna steal everything. Surprise! Ready to get your house cracked? For real? A little dated. It's time to turn this over to us. You guys gotta get out of here. Gotta get out of here. Crashers, all new Monday at 10.30 on HGTV. In our politics lead, growing backlash to this video taken outside of Baltimore Elementary School. Those are immigration agents detaining two people in the school's parking lot.
31:15Agents pulled a man and woman from an SUV in full view of the young children. Now, ICE officials say the school wasn't a target for the operation. Rather, they say the suspect resisted arrest and tried to run. This is the latest incident from the Trump administration's immigration crackdown. It sparked community outrage. I want to talk about this now with the panel. Malik, just to start with you, a DHS spokesperson telling CNN, quote, to be clear, ICE does not target schools, but we will not allow criminals to hide in our nation's schools and put the safety of children at risk. I think what's so striking about this was it seemed like the administration had gone to great lengths not to do things that would draw public attention like this in the most egregious kind of interior enforcement kind of ways since Minnesota.
31:59What's your read on it? I think that you're seeing a totally different type of enforcement under Holman than it was with Christy Noem, which is why he eventually pulled some of those ICE agents out of Minnesota. Here, when you go and look at the local reporting on this, apparently this guy, there was a previous incident with this guy back in April. But then it's also at the local news outlet was reporting that they actually contacted ICE, contacted the governor's office. So they were actually did this in concert with the federal government. It is something different than what we saw initially in Minnesota, but I think it's an important thing.
32:34And that's the distinction that people are missing about this particular case. It wasn't just random. They were searching for this guy. And this particular guy, from what I understand from the reporting, had apparently dragged an officer, I think, a couple of weeks ago or something. So that's why they were actually looking for him. So totally different this time. The problem for the administration, though, quite obviously, similar to the problem that they had in Minneapolis, the video shows these people being pulled aggressively from the car at a school. This clarifying statement put out by DHS says we aren't targeting schools, but so it's kind of a don't believe your lying eyes sort of situation.
33:10And while Malik's description and clarification is important, 99.9 percent of people who see this video aren't going to hear an accompanying clarification. So, you know, to see visual evidence again of the kind of interior enforcement that has turned public opinion on Trump's immigration policies, it's a problem for the administration. Yeah, because it had been a while. We should know, Governor Westmore also with an interesting statement saying like, look, we're happy to work with federal officials, but doing it at a school was the problem in this case. I want to do a hard pivot to Elon Musk. I don't know if you've heard, he made some money today.
33:48He's the world's first trillionaire. It's like Kate Battingfield. He's the world's second trillionaire behind Kate Bedingfield secretly. Last night, Jimmy Kimmel listed just some of the things he could buy with all that money. Let's watch. With that kind of money, Elon could buy every NFL team, all of them, and he'd still have$773 billion left, which he could use to buy all 30 Major League Baseball teams, every NBA team, every Wendy's, every Target store, the Beatles' entire music catalog. He could buy Nike, Macy's, and every Hyundai Elantra ever produced. And would still have$260 billion, $50 million left over.
34:29I, for what I'm tired of people being like, you can't spend, I would try. I would try to spend all that money. But I want to ask you the same thing I just asked the congressman last block. Like, as a Democrat, you saw what Elon Musk did in 2024. Like,$270 million, that was huge and essential. for Republicans. Does that concern you? Well, let's be clear. I mean, he was already rich to begin with. He was already able to plow an enormous amount of money into Republican candidates and Republican causes. You know, but in fact, there was some public backlash against that. I mean, remember, he inserted himself into the Wisconsin Supreme Court race quite publicly and lost and was rejected.
35:08So, you know, when all of the anger, not all of it, but when a lot of the anger in our politics is directed at the very wealthiest, at billionaires, for somebody as controversial as Elon Musk to now be the world's first trillionaire and for his buying power to be laid out in the way that Jimmy Kimmel did, I actually think that winds up generating more political backlash than anything else. And he already had a lot of money. He already had a lot of money that he was putting into political causes. All right. I mean, to be fair, I don't think you're gonna have a lot of lawmakers be like, no, sir.
35:38Oh, of course not. Oh, and I have no doubt. Everyone has their billionaires. I think that the conservatives at this point, we probably just will have our own trillionaire, but I'm fine with that. If I could be a trillionaire, I don't, I would believe in shaming people for money. That's kind of like a Democrat thing. Conservatives, Republicans, we don't shame you for having money. Yeah. And if it's a political problem, you just be like, I'm going to start a C4 and we'll just chill with that. We don't want to tell anybody. But you gotta still, if I win, if I get money like that, you can't leave your job if I give you money, though.
36:07You gotta still be working at CNN, because it's great. Oh, wait, you're paying me now? Yeah, I'll give you some of it. I'll spread the love around. Hell yeah, Malik. Okay, main Democratic Senate candidate Graham Plattner out with a video today responding to President Trump calling him a thug and the worst person to run for office. Take a look. That might be the nicest thing anybody's ever said about me. And the reason he's doing it is that he's scared. He knows. He knows that we're coming after him to make sure that the Epstein class, that Donald Trump and all of his depraved billionaire friends who think that they can get away with disgusting acts, think that because of their money and their power and their wealth and their influence, that they're above the law, they're about to find out that they're not.
36:56And it's got them terrified. And they should be. I'm going to let you both take a swing at this. Malik, it's been an interesting week. It is. A few weeks, months for Graham Plattner. What's your take on the video? Well, I mean, he's doing what he has to do. I think Republicans are really happy that we're going to be running against a Nazi who actually, if you go back and look at some of his Reddit posts, kind of blamed women for their own rape. So this is who he's running against. He can have all of this conversation about Donald Trump. And we've seen much like in the Virginia race with I think that was Jay Jones.
37:29Democrats have no problem. They will throw principles out the door in order to win. Now, they could say that Republicans do that, too, but they criticize Republicans. Ever so slightly. Yeah, they were. They criticize Republicans for that. So I am we are absolutely fine with Mr. Nazi and the guy who kind of fantasize and fetishizes about rape. We are absolutely fine about that. I will say the more Donald Trump attacks Graham Plattner, the better I think it is probably for Plattner because Plattner needs to win Biden-Collins voters from 2020. He needs to bring some of those people who split their ticket, voted for Biden in 2020 over.
38:02And so the more Trump makes this about Trump and not Graham Plattner, probably the better for Graham Plattner. Now, that's working in the D.C. race, too. We were talking about that during the break. We'll leave it there for now. I think we're gonna have a lot of time to talk about Graham Plattner in the months ahead. Appreciate you guys both. Have a great weekend. Thanks so much. Well, a live look now at Orlando. Right now, a memorial marking 10 years since the Pulse nightclub massacre. Hear from a doctor who treated victims and how that day changed his own life.
38:32Breaking news. New details about a deadly standoff today in Midland, Texas. Authorities say a man wanted for trying to kill an officer Wednesday fired at passing cars as police closed in on him. One person was killed. Ten others are injured. Police say the gunman killed himself. Well, now a live look in Orlando, Florida. A church memorial marking 10 years since the deadly mass shooting at the Pulse nightclub. 49 people were killed, more than 50 wounded. CNN's Randy Kay talked with a surgeon who helped save many lives that night, but says his life changed forever. I'm calling them at 2 o 'clock in the morning.
39:10I was like, this is not a prank. This is not a drill. Trauma surgeon Chadwick Smith still remembers waking up his fellow surgeons as dozens of shooting victims from the Pulse nightclub arrived at his hospital. The club was just blocks from Orlando's regional medical center. Minutes before 2 a.m. on June 12, 2016, shots were fired inside Pulse. People are running, glasses are getting dropped, and then, you know, people are passing me. Like, I'm getting covered in blood from other people. A man armed with a semi-automatic assault rifle and handgun took aim at hundreds of people on the dance floor.
39:49I went to the bathroom. When I come out, I see the guy, boom, boom, and shooting like crazy. Ten years later, Dr. Smith is still moved by what he witnessed, 44 shooting victims from the club, some dead, others close to dying. Nine patients total lost their lives that were brought to our hospital and really were on death's door when they arrived. But torso injuries and extremity injuries, gunshot wounds to the head. Complicating matters? At 3.25 a.m., he recalls an alert was activated from inside the hospital, a Code Silver. A Code Silver in our hospital is an active shooter on the premises. You're sitting there trying to deal with all of these ill and injured people, and then you realize there may be a threat to your own life.
40:38We barricaded the doors and nobody stopped. The alert was canceled about an hour later. While Dr. Smith and his team worked to save lives, families looking for loved ones gathered outside the nightclub. We texted him, called him, and he's not answering the phone. I hope he's not one of the dead people that are left at the club. The shooter locked himself in the bathroom with victims, turning an active shooter situation into a hostage standoff. About three hours after the first shots were fired, police at the club used explosives and an armored vehicle to break through the bathroom wall. That was a breach.
41:19That was a breach. Our SWAT officers exchanged gunfire with the suspect. The suspect is dead. By the time it was over, 49 people were dead and nearly 60 wounded, leaving a community shaken, including this doctor, all these years later. For a few years, I didn't go to sporting events. I didn't go to concerts. I like to know where the exits are and sit in the back of a movie theater. Randy Kay, CNN.
41:52Welcome to Lead. I'm Phil Mattingly in for Jake Tapper. This hour, we are approaching the next deadline in the legal battle over the Kennedy Center and whether President Trump's name has to be removed from the building. The center asking an appeals court to intervene by 7 p.m. Eastern. Our teams are outside the Kennedy Center and tracking every development tonight. Plus, the White House signals optimism on a potential agreement with Iran, with negotiators saying they are close to finalizing terms. But this isn't a deal to end the war, more like a deal to negotiate for 60 more days. So what happens next, and how soon could the Strait of Hormuz reopen?
42:28And we are just a few hours away from Team USA's first match of the 2026 World Cup as they try and win it all on home soil. CNN's teams are live outside the stadium in Los Angeles where fans are already gathering for tonight's marquee faceoff.
42:47The lead tonight, the fund, the fight, and the fine arts. A decisive day in court for three of President Trump's pet projects. First, a judge in the Eastern District of Virginia killed the$1.776 billion anti-weaponization fund with an order to indefinitely block the proposal. And the cage match will continue. A federal judge has rejected a request by two Virginia residents to block President Trump's UFC fight from happening this Sunday, his 80th birthday, we should note, on the White House's South Lawn. But right now, all eyes on the legal battle taking center stage in D.C. crews are standing at the ready to remove President Trump's name from the Kennedy Center if Justice Department lawyers once again lose their appeal against a judge who ruled the president's name must come off the building by 11.59 p.m.
43:37tonight. CNN's Betsy Kline is outside the Kennedy Center with an update. Well, Phil, the clock is ticking on a pair of deadlines that could determine the fate of this sign behind me, just the latest in this legal back and forth. In In short, back on May 29, a federal judge ruled blocking a planned closure for renovations at the Kennedy Center that was expected to start on July 7. He also ruled in that decision that the board's decision to rename it the Trump Kennedy Center violated the law because they did not have authorization from Congress. In that decision, the judge said they had 14 days to remove all the exterior signage and any references to Trump-Kennedy Center on the website, in email signatures, or in any marketing or promotional materials.
44:24That deadline is 11.59 p.m. tonight. This afternoon, a judge denied a request to freeze that deadline, and then the Kennedy Center escalating its effort to avoid compliance. They are asking an appeals court to freeze this ruling, and the Department of Justice is asking for a decision by 7 p.m. tonight, very, very soon. If that freeze is denied, this could mark the first time that one of President Trump's major efforts to impose his mark on Washington, D.C. is undone. And we saw early in his second term the president taking steps to reshape the Kennedy Center's board of trustees. It elected him chairman, and since then he has overseen major programmatic and leadership changes here at the Kennedy Center.
45:11That has led to slumping ticket sales, as well as major artists pulling out of planned performances, which some saw as driving that desire to temporarily close. Now, we saw Congresswoman Joyce Beatty. She is the Democratic lawmaker who filed this lawsuit here earlier today taking a victory lap. But the Kennedy Center for now making clear that they are not backing down, Phil. Betsy Kline, thanks so much. I want to turn now to Sky Paraman, the president and CEO of Democracy Forward. Ward Sky, you're in the middle of like 99.9 % of the legal battles, of which there are quite a few with this administration.
45:46But I want to turn to one of the other major legal moves today, which is Democracy Forward represented the plaintiffs in the anti-weaponization fund case. Your reaction to the judge's order today indefinitely blocking that fund? Well, we were really pleased that the judge saw this for what it was. It's a threat to the American people. And she really was open to hearing from the government if they have from the Trump administration? Did they have an answer? How do they reconcile what Todd Blanche has said before Congress and unsworn statements that the fund is not moving forward with the fact the president is out on television saying he thinks it's a great idea and would be disappointed if it didn't move forward?
46:21And why won't the Department of Justice come into court and put sworn statements before the court? That's what they operate on is facts and evidence. And so you saw the judge say, look, unless you can come here with sworn statements, we're blocking this fund while the case proceeds. So we were really pleased with that. I think it's a win for the American people and it's certainly a win for our clients. You bring up a really important point in terms of what DOJ was willing to do, what they haven't been. Because when you talk to administration officials, they kind of do a little wink and nod thing about like, yeah, no, like we're going to listen to what the courts are saying right now, but like the president's still really into this.
46:54And we had a story, my colleague Evan Perez had a story reporting that some of the president's allies have suggested using settlements from the Justice Department probe into whether banks, including Bank of America, Wells Fargo, J.P. Morgan, closed accounts of defendants charged in the Capitol attack and others because of political reasons to compensate these people. Like they're trying to find workarounds here. What's your level of concern that they will? Well, the judge was really clear. I mean, she issued a very comprehensive order that says, you would have to tell me that this fund is not going to continue under any name, under any kind of shell game in order for me to just trust, you know, to sort of trust what you're you're saying here.
47:31But we have seen this administration try to skirt court orders in so many of the cases we are litigating. I mean, they're at the court right now trying to get out of their obligations with the Kennedy Center. But we are very confident. We've been able to force the administration to comply with court orders. We've been able to mobilize the public. When ordinary Americans see this, it doesn't matter kind of what political side you're on. People expect that the president of the United States is going to follow court orders. And so we're confident that we will be able to, with this judge's order, be able to enforce compliance.
48:01And she's calling them in, I think, in seven days. She wants a status report of what the government's doing here. So I think there'll be more to come for sure. The administration is going to be able to have the UFC fight on Sunday. Just your thoughts on their ability to, I don't think win or lose is the right framing on that. It all happened very, very fast. It's cleared the way now. Do you think that's a justified administration priority at this point? You know, we were we were in court all day today. And so I'll have to catch up on all the other court rulings that came out. But what I'll say overall is the administration is losing in court far more than they're winning.
48:35And they're losing, frankly, in front of judges in many instances that were appointed by Republican presidents or even President Trump himself. So they have like an overall losing record, even with some of the setbacks that people in communities have seen at the Supreme Court and otherwise. But what we need to do is stay focused. I mean, we have elections in this country coming up. You have a really bad situation out of Ohio that I'm sure you'll talk about tonight with intimidation of voter advocacy organizations happening at the hands of the federal government. And so it's not surprising that the president wants to create a distraction, wants to create a conversation around whether he can hold an event outside of the White House or not.
49:11We're really focused on what affects people and communities. And that's this rank corruption that we're seeing by the administration, which we're in court challenging and really just call on all Americans to stay focused. We need to stay focused on how we're going to make our voices heard, how we're going to protect the right to vote of all Americans in this country and not be so distracted by the president's sort of outrages of the day. I'm glad you brought up what's happening in Ohio because it's fast moving. I think as I was coming on this, I was still trying to get my head around all of it.
49:39But it raised kind of a question in my mind of I think maybe people don't recognize that the pendulum has swung in the legal venue to a degree that in the first few months of the administration, people thought like they're moving too fast. No one can catch up with them. they're just breaking everything or doing things that they want to do, and the courts aren't fast enough to be able to adjust to it. I think the pendulum has swung pretty significantly in terms of the courts have caught up, the people who are fighting in those courts have won a lot more than they've lost over the course of months at this point.
50:09As you look forward, how are you thinking about elections given some of the things we've seen? Well, look, I mean, it's clear that the administration, we don't have to wait until November to find this out, it's clear that the administration is engaged in efforts to undermine the ability of people to vote, whether that's trying to intimidate people, trying to distract people, or trying to take the American people's data, which of course we're fighting about in court right now. So we know the threat's there. We don't have to wait to learn if there's going to be a threat to the election. It's there.
50:36But what we've seen is that people in communities have been able to swiftly respond to these threats. So we are going to do everything we can as lawyers to make sure that we're in court every single day, if we have to be, we hope we don't have to be, but every single day to bring the cases that need to be brought to hold the administration to account. But we are the first folks to say, the lawyers that are in court every day, we're the first people that are going to say to the American people, it's not going to be the institutions that is going to save this election or save this country. It's going to be the American people.
51:03And this administration continues to underestimate the power of ordinary Americans. You've seen millions of people take to the streets, even when the White House was threatening them. You see people in communities that may not get along on all political issues that are standing up for their neighbors and saying, I don't know what sides we used to be on, but this isn't something that we want for our country. And so this is going to be an all-hands-on effort. So lawyers are going to have a huge amount of work to do, and we're prepared to do that day and night. But also the people. The people are going to have to make up their minds that we're not going to let anyone take our vote.
51:34And I think that the people will prevail. Sky Perriman, I know you're busy. I appreciate your time. Thanks so much for coming in. Well, new CNN reporting reveals the U.S. military last month was preparing a ground mission to seize Iran's highly enriched uranium. But after learning about the likely consequences, President Trump paused the plans. One of the reporters behind this CNN exclusive story joins me live to explain next.
52:04In our world lead, the White House is expressing optimism over a potential agreement with Iran that would restart negotiations. essentially move on to a phase two of negotiations, a key issue both sides would still need to hash out, dismantling Iran's nuclear program. This, as new CNN-exclusive reporting shows the U.S. military actually prepared just last month to seize Iran's highly enriched uranium. But President Trump stopped the mission from happening. CNN senior national security reporter Zach Cohen is with me now. Zach, this is a fascinating behind-the-scenes story. Walk people through what you found.
52:35Yeah, Phil, it's clear that this very risky military operation, one that would require hundreds if not thousands of U.S. forces on the ground in Iran, was much closer to being greenlit than I think most people understand. And that's really emphasized by this anecdote involving Chairman of the Joint Chiefs Dan Cain. Last month, Cain was in Europe meeting with NATO officials and was quietly rushed back to the United States to CENTCOM headquarters in Tampa, Florida for an in-person briefing about this military operation to seize Iran's highly enriched uranium. Of course, important because it is a key component needed to build a nuclear weapon and also central to Trump's entire reasoning for starting this war in the first place.
53:12We're told that after this briefing, just hours long in Tampa, Cain traveled to D.C. where he subsequently briefed President Trump on these options. We're told that President Trump heard what Cain had to say and ultimately paused any movement on the operation, was really concerned about the possible backlash from the Iranians, retaliation. Also, that this would extend the war and would also further damage the global economy. But still, the fact that this was an idea that was being seriously considered just weeks ago, May 19th was when this trip Dan Cain was on happened, really points to just how serious the military was about possibly moving forward with this operation, which, again, the risk involved in this is significant, we're told.
53:53And hundreds, if not thousands, of U.S. troops on the ground in Iran navigating tunnels, trying to secure nuclear material, is something that was on the table and remains on the table even as the Trump administration is moving towards this memorandum of understanding, which ironically, one of the most unclear answers at this point is how will Iran's nuclear program and the material itself be dealt with as a result. You make an important point. It remains on the table. There are still military options that the president has that his teams have created for him. This was great reporting by you and our colleague Natasha Bertrand.
54:23Great job, Zach. Zach Cohen, thanks so much. Republican Congressman Mike Lawler of New York joins us now. Congressman, really appreciate the time. Just to kind of start with the big picture here, the White House officials clearly expressing optimism about reaching an agreement with Iran. This would be a first step and a notable one at that, but one that certainly leaves all of the kind of hard details going forward still to be determined and hashed out while the threat of potentially shutting down if it opens. The Strait of Hormuz remains. Do you feel like this is enough, given what the administration wants?
54:56Well, look, obviously we want to see all of the final details, but of course the war cannot continue in perpetuity. And I think the number one objective was to address Iran's nuclear capabilities. And certainly over the last, you know, three plus months, we have seen the administration take significant action through the Department of War to take out their ballistic missiles capability, their drone capacity, their naval fleet, seize control of air superiority. That ultimately, coupled with the removal of the Ayatollah, the clerics, the leadership of the IRGC, forced the Iranians to actually start negotiating in good faith.
55:42And when the president put the blockade in of the Strait of Hormuz, that crippled Iran's economy. They were losing$500 million a day. So for the first time in a very long time, you have a real negotiation. Now, trust but verify, the proof obviously will be in the pudding. The objective is to get the nuclear material, the highly enriched uranium, as well as to stop their financing of terror proxies. But this is a first step in the right direction as you get a longer-term agreement here that ultimately will result in the removal of the nuclear material, the ending of the terror proxies, and the complete opening of the Strait of Hormuz and the removal of the mines that Iran put in the strait.
56:31These are positive steps forward. Obviously, we want to see the final agreement. But I think the bottom line here is, for the first time in 47 years, there may be light at the end of the tunnel. In terms of what we've seen from the framework, and again, you make a really great point. There are a lot of details here, very, very important details that we still need to actually see in writing for the framework that's been kind of laid out and briefed by administration officials. But the piece on financial relief for Iran or reciprocity on the finance side, it was described by an administration official earlier as they will accrue it over time based on their compliance with the provisions Do you believe that Iran getting back its frozen assets in any mechanism is a good pathway forward here?
57:19Well, remember, under the Biden administration, they released billions of dollars in frozen assets until we pushed back against it. And they allowed the illicit oil trade between China and Russia to go, frankly, unchecked. It's why Marco Rubio and I passed the SHIP Act and why I fought to get the Iran-China Energy Sanctions Act. We want to cripple this network. Now, in order to get relief, in order to ease sanctions, in order to get some access to these frozen assets, they need to fully comply. And I think certainly a phased approach is the right one. You're not going to turn over cash. You're not going to just lift sanctions.
58:01We want to see the proof in the pudding on the enriched uranium, on stopping financing of terrorism, and obviously on a fully open Strait of Hormuz without Iranian interference. So they're not going to just get cash handed to them, which is frankly what the Biden and Obama administrations tried to do. It'll certainly be something we'll all be watching. I know you've been deeply involved in these issues since you've been a lawmaker. Certainly will be as well from the hillside. Republican Congressman Mike Lawler of New York. Thanks so much for your time. Thank you, Phil. Ten leaders across party lines offer a roadmap for people seeking courage in a divided America.
58:38The hardships and lessons featured in a new book. That's next.
58:48In our politics lead in a divided America, a new book offers a compelling challenge. Have the courage to do what's best for the public good despite your personal sacrifices. Jake Tapper interviewed the author of Courage Can Save Us, Ten Extraordinary Americans in the Fight for Our Future. It profiles ten individuals, all currently serving in office, half of them Republicans, half of them Democrats, a majority of them also veterans. And the author, Marine Corps veteran Rye Barkat joins us now. He's also the founder of With Honor, a nonpartisan organization dedicated to getting veterans elected into public office.
59:23So, Rai, why did you choose to profile these 10 politicians, nine of whom are veterans, the other is a former FBI official? Thanks, Jake. I co-founded the organization with honor almost nine years ago with the late David Gergen, a mutual colleague and mentor, both of ours and another Marine that I had served with in the Iraq war. in order to fight polarization by helping to elect veterans that take a pledge to serve with integrity, civility, and courage, including the courage to work across party lines, not to bend your policies, but to still have trust and be able to talk with each other. We took a lot of inspiration from the old World War II veterans, which, of course, Congress used to be as high as 70 % veteran, and now it's down below 20%.
1:00:04So I've been doing this full-time for the last nine years, and I've met some extraordinary Americans, And I decided to pick 10 of them that are equally divided across party lines and are focused on serving with courage when it calls for it. And importantly, I define courage as being distinct from bravery, which is a notable attribute and which is instilled in military service. But bravery can be instinctive. It can be self-serving. Courage, on the other hand, is a decision to face risk, to understand the risks and still choose to serve what the Stoics referred to as the common good. Common good can be your family.
1:00:45It can be your friends. It can be your community. It can be your country. And right now, these are 10 that are focused on serving their country. They're not perfect. They have their flaws, but they maintain trust across party lines. And so I focus on them. I focus on where their courage comes from, what courage is, and then moments of political courage, which is, of course, for most Americans just seems to be in complete short supply, but still exists. And we want to celebrate that. We want to point it out. We want to see more of it both in public office as well as in our own lives. So I've interviewed, I think, all 10 of the individuals in your book, and they're very different.
1:01:28I'm wondering if there's anything that surprised you when you got to know more about them, anything that surprised you about how you see them demonstrating courage beyond their service. Yeah. So one of the great pleasures of writing this book was spending years getting to know their families and their battle buddies. And I spend the first third of each chapter talking about their upbringings. And in every case, there was a parent and often a mentor that instilled a sense of service. And they gave those character values to put the good of others ahead of yourself. And so I love that. We kicked off the book last night with Congressman Don Bacon's chief of staff, who survived a life-threatening injury and also serves in his own way with courage, and Governors Westmore and Mikey Sherrill.
1:02:22Both of their parents also joined us. So, you know, the parenting and mentorship is a real theme that runs through this book. So the organization with honor recently shared your analysis with Politico showing that the number of Democratic and women veterans running for Congress this year, that's at a record level. A Democratic strategist told Politico, quote, the effort to bring more left-leaning veterans' voices onto the campaign trail has been stepped up in recent months amid President Donald Trump's military moves. What do you make of that? Yeah, well, I believe with honors, the only organization now that tracks veterans running for Congress across all parties, and about 10 percent of the veterans that run were independent, about 40 percent Democrat, about 50 percent Republican this cycle.
1:03:06But very encouraging trend, actually, even in all of our divided times. For the first time since we started the organization back in 2017, we have the highest numbers. It's almost 20 percent higher than the 2017 cycle. We have more post 9-11 veterans coming in. And then very significantly, the number of women combat veterans, women veterans, rather, has doubled this cycle, more than doubled. And both parties emphasize the role of service. Veterans also happen to be one of the few groups in America now that still has trust across party lines. That's a sacred thing and something not to take for granted.
1:03:43The other group, the group that has higher trust, incidentally, are nurses, also a service oriented profession. But I do think it speaks to the respect that veterans still have, again, across party lines. And also, frankly, some of the qualities of the training to instill discipline, to sign an oath that you will give up to and including your life in service to the country, if so called. You know, these are individuals that know about hardship posts. It doesn't mean that all of them are necessarily part of the solution. You know, With Honor only typically only supports about 10 percent of veterans that run each cycle who take this pledge to serve and to stay respectful across party lines.
1:04:26Some don't. But many are have great attributes for this type of service. And Lord knows we need it. I think we also need courage in our own lives. I've written this book for a wide audience. I hope it will be adopted and by schools in particular for students who are looking for a sense of purpose. And that's something that service can provide. Again, the book is called Courage Can Save Us. Ten Extraordinary Americans in the Fight for Our Future. It's out now. Ry Barkat, thank you so much. Thank you for having me. Great to be on. I'm Coy Wire outside the stadium here in L.A. where the U.S. team is about to make their World Cup debut.
1:05:01We talked to some of the players, asked what they think their chances are heading into this World Cup. Can they do better than Phil Mattingly's Buckeyes did against Indiana and Miami in college football last year? That and more coming up.
1:05:21In our sports lead, it's day two of the 2026 FIFA World Cup, and the first match here in the U.S. will kick off tonight in California. Team USA taking on Team Paraguay in Los Angeles, where fans are already gathering in anticipation. Our very own Coy Wire and Josh Campbell are right in the thick of it. And as I said, Coy in Los Angeles, which is in California, which is also where Stanford is, which is your alma mater. And they went four and eight last year. So keep running your mouth about the Buckeyes. But in the meantime, give me the vibes on the scene, Coy. Listen, Phil, I still love you. For years of anticipation, countless dreams and enough hype to fill every single stadium in this World Cup.
1:06:06This is the moment the US starts its World Cup journey and for the players This is a moment they've been dreaming about since they were kids in their backyard juggling a ball Dreaming about a packed stadium that's chanting their name We asked Christian Pulisic and some of the other guys about what they're gonna be feeling in the moment listen Probably be looking up at my family and friends in the stands who've supported me Throughout all this so there'll be a lot of emotions It'll be a proud moment representing the U.S. home soil in a World Cup. I mean, very special. Very happy motion, and, you know, tears come, tears come.
1:06:41But, yeah, I can't wait for that moment. Full circle moment because, you know, as a kid dreaming about being in that position, wearing the crest, and being able to hear the national anthem, I think it's something that, yeah, it makes dreams come true. Some of the players told me they're trying to stay calm. Others told me, like 21-year-old Alex Freeman, the youngest player on the team, he said, I'm nervous and I'm not afraid to say it. The butterflies have arrived. They've unpacked their bags and they started collecting rent. Phil, it's going to be a fun time tonight. Oh, it has to be. Josh, for the fans that are attending the game tonight, we can see the lines, we can see the people all around you.
1:07:20What are they going to encounter security-wise? Well, first I have to tell you that every time that I follow Coy, we go from talking about fun stuff to then talking about calamity, which is my beat. But we'll tell you what's happening here. All these people behind me, you could feel the energy. Everyone's excited. But there is a massive law enforcement presence that is here at Los Angeles Stadium. You can see as the crowd go around, they have to actually go through this very extensive layered security, checking for weapons, checking for anything that might be dangerous. That's all happening there.
1:07:49But as we flip around, you can see kind of what's the nerve center of this massive law enforcement effort. This is the law enforcement compound where you have multiple command post vehicles, the SWAT teams, the bomb technicians, multiple agencies, local law enforcement, as well as the feds here as well. Now, I spoke to some of the officials earlier talking about how they've been preparing for this event. They say they're worried about everything from possible terrorism, transnational threats and threats from the sky. Have a listen. Some of our biggest concerns are drones. We're working very closely with our local, state, and federal partners on counter UAS operations.
1:08:27We've been trying very hard to get the message out to the public that you shouldn't be flying your drones in areas where there's a temporary flight restriction. The additional enhancement is we have more explosive detection canines involved and we also have a federal presence. While we always have a good public safety matrix, it's probably increased by 33 % for this. Now, the drones are a concern, and they have actually sophisticated technology out here that can actually defeat a drone that can help identify where the perpetrator is. Bottom line, you know, there's this massive security presence, Phil, but according to law enforcement sources, no known credible threats.
1:09:05Coy, we should note that Josh was implicitly saying that, like me, you are the worst. That's what he was trying. He was trying to be kind about it. But I do want to ask you, since you talked to all the players, despite our feelings, our mutual feelings about you, what are the expectations from the players themselves about where they go in this term? So, Phil, again, I still love you, Phil. Tonight feels bigger than 90 minutes. This is the next chapter in a story of how soccer went from this niche sport in America to one now that has the opportunity to change the entire narrative. They're going to face Paraguay.
1:09:38And the players told me they know they are physical, they are feisty, and we can't let that rattle us. I asked the players ahead of the game what they're going to be feeling heading into this huge moment. Listen. You know, we already believe we can win, and we're a hungry, competitive group of guys. If you string together enough wins and good performances, you know, the stars are the limit. We believe collectively that we can do something really special to change soccer in this country forever. We're looking forward to going out there and making the nation proud. I think on the outside, people maybe would doubt us in a sense, but why not us?
1:10:20Why not us? You're going to be hearing all these fans chanting. They've been out here for an hour and a half already, kickoff still hours away. To say their hype would be the understatement of the year. I still love you, Phil. Back to you. Koi Wire, Josh Campbell, two of the best in the business, Two good pals. Enjoy the vivusolas. They seem like a challenge. Talk to you guys soon. Well, President Trump primaried Senator John Cornyn out of a job, and now Cornyn, predicting Trump, is about to have, quote, the most miserable two years of his life. Our panel weighs in next.
1:10:57In the law and justice lead, the Trump administration has approved Paramount Skydance's bid to take over Warner Brothers' discovery. This would include the Warner Brothers Movie Studio, HBO, and this network, CNN. The merger still faces a potential antitrust lawsuit from a coalition of states. The European Union and the UK are also reviewing whether the deal could harm competition. Well, in our politics lead, following his crushing defeat by Trump-backed challenger Ken Paxton, Republican Senator John Cornyn of Texas has a lot of things to get off his chest. He's sharing it in a lengthy interview with Carl Hulse of the New York Times, including this grim prediction for the president's post-midterms.
1:11:34Quote, he's going to have the most miserable two years of his life in the last two years of his term because I think November is going to be a disaster. Let's talk about it with the panel. Cornen says he's not looking for payback or retribution, but did say this about the president after failing to get Trump's endorsement. Quote, if he would do that to me, he would do that to anybody. There's never going to be good enough for him other than 100%, you know, slavish adherence to what he wants. But obviously that's not what the senator's role is supposed to be, especially in terms of checks and balances.
1:12:07Mark Short. Let's start with you. A lot there. Do you have any thoughts or personal experiences with what the senator is talking about right now? Well, look, Phil, I think the Senator Cornyn has had a remarkable career, not just in the Senate, but as attorney general, as a Supreme Court justice. He's a man of principle and certainly would not have the same character flaws as the current nominee does. I think a lot of his criticism though would carry more weight if the last year and a half he hadn't been trying to curry favor with Donald Trump, holding up copies of The Art of the Deal and promoting him on social media, changing a lot of his positions on things like filibuster.
1:12:43So if there'd been a consistency, then I think that some of the criticisms perhaps would carry more weight. I do share his concern about what the midterm cycle looks like. I think it's going to be very challenging for Republicans. But I'm not so sure for the president it may be the most miserable two years because I think that he got his one big beautiful bill accomplished. I don't know what else the legislative agenda is. And so I don't think he's as concerned about what happens in Congress as people think he may be because their careers are more on the line in the elections than his is. Yeah, you make a really good point.
1:13:19You know what's going to be miserable? Being a Republican lawmaker in two years in the minority. What won't be? I think Trump kind of enjoys... Go ahead. I don't even know that it'll be too miserable for Republicans to be in the minority. I mean, they're going to turn all their ire, including the president, on Democrats. I mean, it's going to be a hard road to hoe for Democrats because they're going to have to play defense and offense at the same time. I mean, they're in the minority now, which is the easiest job to have in Congress. And they've not mastered that job yet. So I agree with Mark.
1:13:44I don't know that it's going to be so tough for the president, especially considering that we don't have the levers that I had when I worked for Pelosi. When I was running the opposition against Trump, we had attorneys. I mean, we had IGs. We had whistleblowers. We had, you know, the law backing us. Now the Supreme Court's giving this guy immunity. So I'm not so sure how they're going to be able to hold Donald Trump accountable. And the president likes having a foil. That's my point. He's going to drag him all the way into the mud. He's going to have a great time with Democrats. So there's another lawmaker who also didn't do great in her primary.
1:14:15That'd be Republican Congresswoman Nancy Mace, out of a job after, will be out of a job after losing her bid for South Carolina governor, losing by a lot. She came in fifth place. She posted on X, quote, people keep asking me, will you get revenge on Trump for ending your political career? The answer is yes. I'll be adding to the unemployment number in January. Actually, on some level, like I think she probably just wants to see if she can go viral on Twitter as often as possible here. But my broader question is, there's a number of lawmakers right now. There's, I think, if you think McConnell and Tillis and Cornyn and Cassidy in the Senate side.
1:14:47There's some Republicans in the House side as well. Are Republicans going to start breaking more sharply from Trump as we get closer to the midterms? I mean, all the people you just named are no longer going to be in Congress come November. So it's what Mark said. It's like Republicans always seem to find religion once they lose. You know, why not find it while you're still in office? So, I mean, but what we are seeing right now is sort of what I call the revenge of the GOP walking dead. You know, all the people who Trump politically ostracized now are coming after him and are actually wearing him out.
1:15:19But I think, you know, in the long term, I think the lesson that Nancy that we can sort of derive from Nancy's run is that going viral does not translate to winning an election. And the second I would say is this is another example of how Donald Trump's consolidating power. I've never seen a more powerful president in my lifetime in terms of his ability to consolidate power and really run his party like a, you know, a sort of an extension of himself, you know, an extension of the White House. It's pretty incredible. Yeah. Look, he does what he says he's going to do. And he's he's able to take people out like I've never seen before.
1:15:54It's going to cost him like another hundred twenty million dollars in Texas. But like, you know, do do you long game, not necessarily always his plan. Mark, I want to ask you about this. Take a listen to what Senator Dan Sullivan told CNN's Manu Raju about why he doesn't want another person on the ballot in Alaska. I'll explain why after you listen. And it's meant to confuse Alaskans. It's federal and state case law. You don't have the right to run for office if your primary intent is to confuse the voters and rig the election in favor of someone else. And that's exactly what this guy's doing.
1:16:33So for people unaware, and it's Alaska, so we'll give you a break if that's the case. There's another Dan Sullivan running for the Senate seat. Different middle initials. So I assume different middle names. Like even their campaign logos are very, very close to one another. Dan Sullivan, the serving senator, says like this should be legal. This isn't fair. This is malfeasance on some level. What do you think? I think the Democrats put forward another Dan Sullivan to run as an independent. I think people need to understand. Democrats are claiming credit for that. Oh, come on. You know, as well as I do.
1:17:08And it's clever. It's a clever move, honestly. It's disingenuous. But I think that people appreciate that in Alaska, there's only one congressperson because of the size of the population. And so the Democrats did recruit a former Democrat congresswoman to run. And so she has a large name ID. And in a cycle like this, this challenge for Republicans is going to be tough. And if somebody siphons off any percentage, even if it's 2 or 3%, it could cost the election. But I think these things should be decided at the state level. I think that every state has their own election laws, and it should be decided there about this candidate's eligibility for the ballot and not a federal decision.
1:17:45Do you think Democrats definitely made this happen? Well, I don't know if they claim no responsibility for it, but I will tell you it's clever and it's very gangster, and so I can appreciate it. I'm into it. Let's see how this thing turns out. Yes. Oh, we have to go. I want to ask you real quick, right now, real quick, 20 seconds, Senate map. Democrats better than 50-50 shot at this point? I'm feeling very good about it. I'd say Democrats a little bit better because I think they're going to do a lot better in the middle of America through the heartland than we're appreciating right now. The Ohio numbers are wild to me right now.
1:18:16We'll have to keep an eye on it. Mark Short, Ashley Etienne, thank you guys. I appreciate it. High school students from across the country in Washington, D.C. today competing in a civics contest tied to America's 250th birthday. The prize? $150 ,000 in scholarship money. We're introducing you to some of those competitors next.
1:18:39In our national league, 20 teens beat out thousands of their peers for a chance to win President Trump's civics contest for America's 250th birthday. Despite the patriotic theme, not all are feeling the spirit of the red, white, and blue. Here's CNN's Sunlin Serfati. My most prized possession for this competition, which is my laptop. top. All my study material is on here. 16-year-old Ashant Jawali is one of 20 high school students competing this week in D.C. in President Trump's National Civics Competition. I've gone through all the reps. It's just my time to perform. A son of immigrants, Ashant says this moment has brought mixed feelings.
1:19:18While I may not agree with our current administration on really any aspect, I am able to understand, support, and really put a large part of my weight behind the principles that have led to this sort of point in time. The idea for the Presidential 1776 Award... We will celebrate the 250th anniversary of America's founding with a birthday party. ...was first hatched by President Trump as part of the celebration of the nation's 250th anniversary, with the stated goal to produce more patriotic Americans. A national civics and American history challenge that dares you to take the impossible civics test.
1:19:59Encounter what he has called radical gender and diversity ideology in schools across the country. American parents are not going to accept indoctrination in our schools. However, patriotism in the time of Trump has become a thorny topic for many young Americans. What does patriotism mean to you? That's a tricky question. It's a pride in being from where we are in the home of the free. But it's also recognizing that while we may have this kind of spirit within us, it's not exactly realized yet in our world. Gen Z has become more pessimistic about the country's future and President Trump than other generations.
1:20:4141 % of Gen Z are proud to be Americans, compared to 58 % of millennials. And 77 percent of people aged 18 to 34 are disapproving of the way the president is handling his job. A big part of patriotism is really like understanding as much as you can about your country because it's not just, you know, blindly following everything that your country does. I think that examining especially the past of your country and seeing like the founding principles that it was built on, which is what this competition is specifically meant to evoke. Even though participants said they did not see the fingerprints of Trump's ideology on the contest, some wondered how the president's involvement would reflect on them.
1:21:23There definitely is some sort of pause, I think, is the best way to say it. There's definitely a pause when it comes to, like, okay, how am I going to present this to my family or people that I know? Will they be able to understand my motivations? Others embraced it. I don't think love of your country and understanding of your country should be a partisan issue. I don't think that one political party owns that idea. I think all Americans own that idea equally. There's nothing to feel conflicted about. 8 ,000 high school students entered the competition. One winner will be given$150 ,000 in scholarship money.
1:21:53That's basically life-changing. The real reward, many said, is the knowledge this generation will go on to use. It doesn't matter who's doing this or what's going on. What matters is that the youth that is going to ultimately govern America in the next decades, they are the ones getting this universal knowledge and really bettering themselves. Sunlin Serfati, CNN, Washington. Our thanks to Sunlin for that great report. Well, coming up Sunday on State of the Union, Homeland Security Secretary Mark Wayne Mullen and ESPN host Stephen A. Smith. That's Sunday at 9 a.m. and noon Eastern on CNN. And I hope you'll join me for my new video series, CNN Breaks It Down.
1:22:30We are tackling the most pressing questions in business and politics. You can find the episodes on CNN.com slash watch. Remember that out front, so it's now. Remember that.
1:22:45This is CNN meteorologist Derek Van Dam, thrilled to introduce the new CNN weather app. Be prepared for anything with comprehensive coverage from real experts like me. Download the CNN weather app on iOS today. From the descendants of history makers involved in the Louisiana Purchase to the Lewis and Clark Expedition, Discover the untold stories of American expansion in the CNN original series, This Land. Now streaming on the CNN app.
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According to a senior administration official, the Trump administration is feeling good about its dealings with Iran. So, what’s holding up the next stage? Plus, Elon Musk becomes the world’s first trillionaire.
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