Thursday Afternoon Breaking News Updates with Ben - 7/2/2026

26:49Ben Meiselas:Thank God nobody actually got killed or hurt. But just like the reflecting pool, which was destroyed by the Trump regime, and then they want to blame, what did they say, criminal algae, vandals. They even did a felony indictment of an Olympic canoeist, David Hearn, for putting his hand in the water. He put his hand in the water. They brought felony charges against the guy. Look, we all saw in the reflecting pool, Donald Trump drove his motorcade through the reflecting pool while it was being repaired. You don't think that that's going to cause damage to it? You all hired some of the worst contractors.

27:44Ben Meiselas:you all didn't do any of the necessary preparation for actually building this reflecting pool to what it needed to be. The water supplies coming from the Potomac, everybody knew this was going to be an issue. You then dumped all of these toxic chemicals into the water, which then killed the ducks. And then you want to blame the vandalism. This is a constant theme throughout Donald Trump's life, what we've been seeing. And what you just saw there with the stage falling apart and almost killing those young girls who were dancing over there, who were rehearsing, to me that is so symbolic of the Trump presidency, everything that Donald Trump has been his entire life.

28:36yes, the group of people who are part of the Epstein class, who are covering up the exploitation

28:45Ben Meiselas:of young girls. You think they give a crap about people's lives in rehearsal? No. I mean, you think they give a crap about the lives of young girls in Manab in Iran? You think they give a crap about the lives of people? No. This Epstein class oligarchy that keeps getting richer whose greed can't be satiated, this cabal, this is who they are. And it is absolutely despicable. Despicable. You know they're going to be like, oh, that was a Democratic vandal. That was a communist vandal who did it. That's who actually did it. Let me show you what they're saying over on State Regime Media Fox as they show you what the so-called Great American State Fair actually looks like you'll see nobody there.

29:38They'll be like, festivities are in full swing, everybody. As Polly Sigh says, the only thing missing are a few tumbleweeds. Let's play this clip. All of this as festivities are in full swing in Washington for America's 250th birthday. Today's theme at the Great American State Fair, Horsepower of America, showcasing the nation's innovation. Mark Meredith is live. Then I'll show you over here, Brooke Rollins, who is on state regime media, which calls itself Fox. She was out there saying, from my perspective, we're hitting every mark. We're hitting every mark. Do we have a portion of it? I'm not sure we have a portion of that.

30:24We'll, yeah, let's show the portion that we have. They are keeping their spirits up and believe the critics that have been pointing to the crowd side will be proved wrong by the end of the weekend. From my perspective, it is hitting exactly every mark that we had hoped it would hit at this point. I do think that. Really, it's hitting every mark you hope that it would hit at this point. I also want to talk about in a little bit what's going on in Ukraine right now. I don't want to forget and ignore.

30:54Ben Meiselas:I know that, you know, corporate news, they focus on whatever the big buzz story is of the day. But Russia launched a massive, massive ballistic missile strike on Kiev and Kharkiv and Cyprusia and lots of Ukrainian cities. Over 20 people died, hundreds were injured. The issue in Ukraine right now is that they don't have the Patriot interceptors for the ballistic missiles. Ukraine is able to shoot down the Shahid drones from Russia, but they can't shoot down ballistic missiles without the Patriot interceptors. Who's not giving Ukraine the Patriot interceptors? Donald Trump. Now, Trump has directly rejected giving these interceptors to Ukraine.

31:49What Trump said he was going to do, which he lied about because he's a fraud and he lies about everything. He said that he was going to give it to European countries and NATO that could buy it.

32:03Ben Meiselas:And then they could provide it to Ukraine. But now the Trump regime is not providing it. And they're blaming it on, oh, we don't have it. We're low on patriot interceptors because of the catastrophic and unlawful war in Iran. But we know that Donald Trump and Whitcoff and Kushner are the same people, you know, who are making billions of dollars, but who are also out there now telling Iran, we got your back. We got your back. You're going to be great. You're going to be great. Just don't do the tolls. That's how they're trying to negotiate on behalf of the United States. They're not appointed to be in these positions.

32:43Ben Meiselas:But anyway, we know how much they're enamored with Putin. Whitkoff has on his office a note that Putin gave him where Putin talks about taking over certain areas in eastern Ukraine. And Whitkoff has framed that apparently and put it in his office. But right now, Ukraine doesn't have any of these interceptors that it needs. Russia knows that. So Russia's strategy is, okay, let's do less drones. And even though ballistic missiles cost us more money, Ukraine doesn't have the ability to strike down all of our ballistic missiles. So let's just do a ballistic missile swarm, spend a lot of money on it, and we'll target Kiev.

33:28And they hit the Premier Palace Hotel, the five-star hotel in Kiev. They hit a lot of other areas. I mean, there it is right there. And Zelensky's out there saying, yeah, we don't have the interceptors. It's important that the world does not remain silent about what happened. But the issue is, is that we don't have the sufficient number of missiles for Patriot systems. That was promised to us. We're not getting it. And so you take a look at the world right now. You take a look here in the United States. And one of the things too is, you know, I am watching FIFA. I'm watching the US play, obviously, but I'm watching a lot of the, you know, the world kind of come together through football, not because of Trump.

34:20I mean, the games in Mexico are incredible. The crowds in Mexico are incredible. Mexico has been an incredible host. You know, the way the Trump regime treated the Iran football team is, you know, it's just horrific. And then you had Mark Wayne Mullen, the Homeland Security Secretary, said he jumped for joy when the Iran football team lost. What are you updating? You jumped for joy? What a sick and disgusting thing to even, you know, to even say. Everything the Trump regime has done has been horrible. But what you have seen is that people genuinely love and are empathetic and want connection. And despite corruption and FIFA, despite how horrible Trump is, people like sports because it's something that unifies and brings people together.

35:21Ben Meiselas:And you see that and then you contrast it to the behavior of people like Trump and Netanyahu who have done so much damage in the world, who have inflicted so much pain and division when all we all want to do is just get along with each other. And, you know, we're on this Trump kind of fraud cycle right now that fortunately during his first term, don't get me wrong, it was horrible all four years of Trump's first term. But when finally a lot of the stuff that he did was beginning to catch up to him and he couldn't ride Obama's coattails any longer and pretend that he was doing those things that Obama actually set in motion and passed the baton to, that was towards the end with the horrors of COVID and all those press conferences that we saw.

36:25Here, Donald Trump was able to, with his tariffs against the world, this catastrophic wars everywhere, with Project 2025,

36:37Ben Meiselas:he kind of rapidly accelerated what we saw during the first term and doing it at such a scale that it's not even freaking close. And here we are, two years in, midterms are approaching, and now he's stuck and the world is on fire. And this is what we've seen his entire life in his failed businesses, in his bankruptcies, in everything that he's done. And it's a mixture of the grotesque and vile behavior, a la his past relations with Epstein, his current cover-up, his business failures that we see in the past and how these bankruptcies developed, while he would try to enrich himself at the expense of the lenders and the shareholders and the stakeholders.

37:26We're seeing it play out right now as a country. It's no denying. It's unavoidable. All right. We'll take our first quick break of the show. When we come back, We still have a lot to discuss. Let's take that break. A reminder, hit subscribe, help us get to 7 million subscribers, and also subscribe to Midas Touch on Audio. All right, let's take our first quick break of the show. Only quick break. I've really been trying to keep healthier, high-quality ingredients around the house, and one thing I've gotten tired of is buying seafood that looks great at the store, but then just doesn't live up to expectations.

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41:09After your purchase, they'll ask where you heard about them. Please support our show and let them know that Midas Touch sent you. Listen, when we started Midas Touch, there were plenty of moments when we wondered if we were doing everything right. What if nobody listened? What if we spent all this time building something and it never took off? Starting something new is exciting, but it could also be intimidating. That's why having the right tools matters, and for millions of businesses, that's Shopify. Shopify is the commerce platform behind millions of businesses around the world, including the Midas Touch merch store and 10 % of all e-commerce in the United States, helping everyone from major brands to entrepreneurs just getting started.

41:47With hundreds of ready-to-use templates, Shopify makes it easy to build a beautiful online store that matches your brand. It's also packed with AI tools that can help you write headlines and even enhance product photography. Plus, Shopify helps you get the word out with easy-to-run email and social media campaigns and gives you access to award-winning 24-7 customer support whenever you need it. You can manage inventory payments analytics and more all in one place It's time to turn those what ifs into with Shopify today sign up for your$1 per month trial today at Shopify Dot-com slash Midas that's Shopify dot-com slash Midas go to Shopify Dot-com slash Midas M E I D A S welcome back to ben on breaking news i'm ben mycelis this is your breaking news special thanks to all of our sponsors who make this show possible discount codes for those sponsors are in the description below i want to give a shout out to the folks over at ms now who put together a super cut of howard lutnick treasury secretary scott besant and kevin Hassett continually moving the goalposts and always saying, next quarter, things are going to go gangbusters.

43:07Things are going to be amazing for the economy. We're just setting the stage in

43:12Ben Meiselas:2025, right? 2026, that's going to be the banquet. And then everything is going to be amazing. It's right around the corner. Take a watch. In the fourth quarter of 2025, this economy is going to be humming. I think we're going to really pick up in the fourth quarter. This is going to be the greatest growth economy, right? Six months from now, a year from today, the economy that Donald Trump owns starts at the end of this year. I am very optimistic about the first, second and accelerating into the third quarter in terms of growth. I am very, very optimistic on 2026. Look for the second quarter of 2026 to be amazing.

43:59I think we're going to grow more than 5 % GDP this quarter. We expect that the global economy is going to have a big positive shock as soon as this is over. We might have been growing at four in February. I think we're going to get back and we can have something with a three in front of it this year. We're cruising at about three. And again, I expect the second half will cruise about four. 4 % growth in the second half. That's right, yeah. Yeah, that's right. You're a liar. You're a fraud. They're all frauds. What they're doing there is no different than what I saw in my career as a litigator prosecuting

44:36Ben Meiselas:big civil cases against Ponzi schemers. It's exactly what I would observe. I was the litigator who was in a massive case against one of the biggest Ponzi schemes in California history in 2014, 2015. It's like literally the exact same. It's too on point. And it's almost hard to believe. And what they do when it all falls apart, then they find their scapegoat, right? Then they say, we were right there. It was right around the corner. but then the Democrats won the midterms. We were giving you, we were about to do Save America Act. We were about to do another reconciliation bill. We were about to do something really big for crypto.

45:30Ben Meiselas:We know that like crypto is literally, I mean, crack, not a hyperbolic word to say. It's like crash, crashed while Trump's crushed it on crypto. Well, people, By the way, Trump's social media company owns a lot of Bitcoin. And you'll see, I believe, in their next quarter, massive losses, paper losses. But Trump personally, he's made billions of dollars. And I think the$2 billion is the tip of the... I think Trump has probably made closer to$20 billion. I think that's one of the reasons he wanted that super pardon in the lawsuit that I think the main intention of that lawsuit against the Treasury Department and the IRS was to hide the fact that I think the numbers closer to 15 or 20.

46:21Ben Meiselas:I'm just giving you my opinion. I think it's significantly higher than$2 billion. And I think one of the ways he's hiding it is through family members and other family trusts outside of him. But that, you know, when he brings Don Jr. and Eric with him on these trips, I just ask questions like, what do you think they're doing? What do you think they're doing when he brings them around? You know, they're going around with the hat saying, you know, want to deposit your money. So it's right around the corner and then Democrats win the midterms or whatever the event is. Ah, that's what screwed it up.

46:57Ben Meiselas:And then the bigger version of that is just think. when whoever the next president is has to fix this. And you actually have to remove the bandage to see what really happened when you actually have to operate and do the surgery the way Biden did. But you're going to have to do that on a whole other scale, right? If what Biden did and what Biden did the first time is significant, but that'll look like doing in a few stitches compared to the open heart surgery that will need to be done by the next president, Democratic president, who is able to win. And then what's going to happen when you have to fix all of these things?

47:45Ben Meiselas:Those companies that were part of the oligarchy, they start to freak out. They start to make statements that are panicking of the market. They start to engage in that behavior. And you have to then kind of deal with that the way Biden dealt with it for the first two years. And frankly, he was never able to recover from it from a public perception standpoint because the perception became the reality despite the fact that with all of the things that he did, and he did surgical things to make a big difference, actually led to the fact that had Trump done nothing, we would have had three rate cuts by now.

48:35Ben Meiselas:He loves to talk about the Dow. I bet there's nothing I can do to prove I'm right or wrong, nor is the stock market the barometer of success. So I'll be clear about that. But I think that the stock market, the Dow, would be to like 65 ,000. I mean, everybody was expecting because of the way the economy was cruising in the right direction. Inflation was decreasing. Everybody thought the interest rates would decrease two or three times. um biden was able to move us out of these you know the these never-ending wars he actually did it right trump freed the taliban but then got stuck he invited he he loved you know he loves he he like loves the talib remember he invited the taliban to camp david on 9 11 to celebrate and people don't talk about that enough dude invited the taliban on 9 11 to camp david to like have a party like during his first term go google it yeah he was the one who released 5 000 taliban prisoners just think about that oh and by the way during his first term also when he killed general soleimani iran successfully attacked the united states in iraq but trump covered that up too and said that no one was really injured and everyone was fine there was like hundreds of soldiers who had TBIs, traumatic brain injuries.

50:00Ben Meiselas:He covered that up. He covered that up. And so here we are. Hope is right around the corner. And then you look at some of these other, you know, like state regime media today. State regime media, Maria Bartiroma. It was like North Korean style anchors. As you got the news that we had a terrible jobs report, terrible, It doesn't get much worse than the jobs report that we just got, especially after the expectations. I want you to watch this North Korean-style state regime media as though they say we're in a golden. I mean, this is legitimately crazy stuff. Here, play this clip. And Trump has been calling it the golden age.

50:41And I got to tell you, it certainly is feeling that way, Nancy. Once again, we've got strong economic growth. We've got a strong earnings period and a market that just won't quit. When you look at your own portfolio and what you're telling investors right now, Nancy, what would be an appropriate portfolio maneuver to do to ensure that we are participating in this euphoria? Yeah, I think you want to be long stocks. I think Mark is 100 % right about that. You put new money to work and you don't shy away from the tech trade because that is driving future growth.

51:17Ben Meiselas:Like legitimately crazy. Legitimately crazy stuff. Then they bring on Chris Wright, the energy secretary, and he goes, look, could you imagine how bad it would be if we had Kamala right now? Just think about it. Things would be over. There would be blackouts. There would be this. We saved you from the hypothetical fears that we are creating, when in fact those fears are actually happening, but we're going to blame Kamala Harris for it on July 2nd, 2026. Watch. Here, play this clip. Now, if we had President Harris right now, we'd be dealing with blackouts and massive economic disruption because they would have continued to close all the coal plants, and they wouldn't have encouraged building anything new unless it was carefully blessed by the climate cult gods from above, which means nothing meaningful would be built and expanded.

52:24But that's, fortunately, we're not in those ages. We're celebrating 250 years of the greatest nation on earth. America became a great nation by bold people taking chances and building big things. We're going back to that. I love that, Secretary. I love it so much.

52:41Ben Meiselas:Okay, these are like actually crazy human beings. I truly don't know how these people live with themselves. Truly, I don't know how they live with themselves.

52:59Ben Meiselas:They're out there.

53:04Dude, shut up. Shut up. and they treat people like they are so stupid. They treat you like you're so stupid. But then I see some people, the few people who are attending this American Fair thing, whatever the hell you want to call it, and I have to declare a doubt. I don't know. I mean, I just saw this on the local Fox DC that was covering this. Homa Bash has done a really good job covering it.

53:42Ben Meiselas:And you've got this great American state fair goer wearing the Trump hat or pink Trump hat. And she's talking about how there was no air conditioning, that she had to seek medical attention. There really wasn't any, but there was a booth where they were conducting baptisms. So there was some water. And so she had to dunk herself in the baptism water in order to get the hydration that she needed after not getting the appropriate medical attention. But it's great. So, you know, this is like what you do at a fair. This is like a fair, right? Like this is like, you know, what goes down. Here, watch this.

54:30none of these booths have air conditioning we don't know what happened but i started seeing stars oh really and we went to the tent there's a religious tent because that's the theme for today and they had a pool they're baptizing people but thank god they had the pool they said do you want to get in i go yes i think i do i think i want to be baptized i'm soaking wet but i went to the medic tent they took care of me i still got one of these towels they filled me with electrolytes but good folks in there for sure oh they're wonderful they are absolutely excellent dc fire

55:04Ben Meiselas:helped you out i i you know i i i truly don't know i i are you ever going to get through to her i you know there are there are a lot of people like that out there and that's one of the difficult things, you know, to, to, to process like as a human being, it's, it's, it's like a difficult thing to process. And, you know, she actually seems like a nice person, you know, she doesn't seem like a nice person. You know, I don't know. I mean, if, if I was walking, I take walks every day, you know, I would, if I were to be walking in my neighborhood, you know, getting, getting my cup of coffee in the morning, I'd probably say, hi, how are you?

55:53I don't know that there's someone who is willing to be treated that way and apparently likes it and thinks it's like funny and thinks it's like a very fun thing to experience. And, you know, they don't have air conditioning and they're in medical service. So I had to go baptize myself because, you know, I saw Reuters did a good story. Not a good story, pretty horrifying story, but a story about what's happening with these people who were the victims of Trump's meme coin rug pull. And they're out there, a lot of them saying, we think that it couldn't have been Trump. Couldn't have been Trump. It was the Democrats.

56:40They must have shorted the meme coin. The Democrats did meme coin shorts and they brought it down. I mean, there was a story of a lady who put her life savings into the meme coin. She spent$40 ,000 in this Reuters story on the Trump meme coin, and it's lost all of its value. Trump took her money. Where do you think your money went? Trump took her money. And she's out there saying the Democrats shorted it. So it's their fault. So the incentive structure for bad guys and gals is to say, these people are dumb. These people are easy marks. So here's what I'm going to do. Let's just lie. It's right around the corner.

57:37Things are going to be great. Just you wait. Just you wait. It's the exact meme coin dynamic, but with our economy. Ah, it was the Dems who shorted your meme coin. Ah, it was the Dems who prevented the factory from being built. We had the factory boom. Remember Donald Trump said$21 trillion? Where is it? It's gone. The Democrats took it. No, it never existed in the freaking first place. It never existed because Donald Trump is a criminal. He is a grifter. He lies about everything. There's no$21 trillion. There's not all of these factories being built anymore. Or inflation is surging because Trump is an idiot and he is a malicious one who used the tariffs against the world as kind of his personal currency to extract deals for his family, to cut deals and exemptions while he screws over the American people who now have to pay for it.

58:53oh but the country has to pay for it not america that's not the way a tariff works stop it stop it ultimately it just comes down to like how do you want to be treated as a human being how do you want to be treated how do you feel about yourself and your family and future generations You know, how do you feel about your neighbors and your community in this country? Do you care? Do you not care? Do you think that you're on some weird, fun, reality, TV, zombie-style apocalypse? And what's he going to do today? Are you going to post a doctor video of himself? What's he going to do? Post some QAnon stuff today?

59:42Oh, look how funny. Obama? He's calling him Obama? Sleepy Joe, y 'all, we're going to talk about Hunter Biden. Oh, what a fun, fun. He's screwing you. He's literally destroying your life. And you enjoy it. You like it, MAGA. You actually like it. This isn't a political thing. These are just objective, objective damn facts in my view. they can say we're going to do 90 deals in 90 days. Remember, 90 deals in 90 days. Those dividend checks are coming. Tariff rebate checks are coming. Oh, the tariffs were going to be great. But then the Supreme Court screwed us. Oh, the right-wing Supreme Court, they screwed us on the deal.

1:00:35I was just about to make all of this money. That's what was going to happen. And you were just about to get your tariff rebate check. You were just about to get your$5 ,000 Doge dividend check. You were just about to get it all. But then they did it.

1:00:52Ben Meiselas:It's the Senate parliamentarian's fault. It's so unfair the way the Senate parliamentarian treats me. Everybody knows she's nefarious. Every other president, they whined about Senate parliamentarians and the way they applied the bird rule.

1:01:17What are you talking about? Look, this isn't a Democrat thing. This isn't a liberal thing. This isn't a progressive thing. Although I happen to share progressive values,

1:01:28Ben Meiselas:if you were to like make me take one of those tests, that's where I'd obviously would be. I'm just talking though about some basic damn competence right now, leadership and adult behavior. I did an interview with Governor Shapiro today and Governor Newsom. Watch my Governor Newsom interview. And Shapiro I'll probably release tomorrow. These people are leaders. They're leaders. Whether you agree or disagree with their policies, they carry themselves with dignity. They focus on their state. They carry themselves a certain way. You know, Governor Shapiro told me that one of the hardest parts about this whole Trump era, he includes starting in 2015, as he said to me, he goes, Ben, we both have kids.

1:02:18My kids are a little older than yours. And he goes, it's hard when I speak with my kids and pretty much all they've known because of Trump in 2015 to now, you know, maybe they were born slightly earlier is is trump and trump style fascism and politics or whatever the hell you want to even call it and so they don't remember that even though there were flaws in our system

1:02:50Ben Meiselas:before and serious ones and problems that there was actually a time when you didn't have president of the United States behave like a really bad, petulant, horrible kid. No offense to petulant, horrible kids. And have other human beings who also know better be complicit and enable it. And that's, you know, how that has impacted all of these young people who have, this is all they know and think that this is America or that America is this, you know, grotesque thing. That's not how I grew up. It's not how I grew up. Even as I reflect on presidencies that I really disliked, you know, George W. Bush, I mean, to say not a fan would be a big understatement.

1:04:00Ben Meiselas:But what I would do now to have a George W. Bush over a Trump, it's like I can't even believe I would say such a thing. You know, I go, I live in California. And so I went to the Reagan library, which is about a year and a half ago, because it was near the venue where I got married. So I stopped by, not that I was saying we're going to make a day out of the Reagan library, but it was close to the venue I got married at. And I went through it. And one of the things I was left with, obviously, still knowing that Reagan's policy set the foundation for a lot of the mess that we're in and deserves to be called out in the strongest ways.

1:04:44Ben Meiselas:But one of the things that I thought was undeniable as I at least walked the library was that he was someone who at least attempted to carry himself with dignity and treated the office itself with respect and with compassion. And when you looked at the quotes all around, you would see things that reflected shared values and shared humanity and things like that. You know, and obviously, I don't have to go into the fact that, I mean, I'm a big supporter of former President Obama, so obviously. But, you know, seeing the speech that he and Michelle Obama gave at the opening of the Presidential Center and just thinking to myself, I just, I hope that people can see that.

1:05:34Ben Meiselas:That right there to Trump and MAGA is the biggest threat to them over all of the things that Donald Trump says. For Trump, people who are offering real solutions to Americans or to people, that's a bigger threat to Donald Trump than 9-11, World War II, World War I, Vietnam. Trump says that. And that's what he's actually saying right now. That people who actually don't just make bold promises, listen and deliver, that's the bigger threat to Trump and his Epstein class than 9-11, World War II, and World War I. When Trump says it's a bigger threat to you, he means him. He means him. Remember on 9-11, he bragged about the size of Trump Tower since the Twin Towers were?

1:06:31He's talking about himself. and that that threatens him. So what's it going to be, America? Seriously, what's it going to be? What's it going to be? That's kind of the call to action. What's it going to be? Is this the cycle that you want, heading into the fourth? This is where you want to be in the future every fourth like this? I don't. I know you don't. let's get out there and keep speaking the truth watch the brother show tonight eight eastern five pacific we'll be live keep checking back on the youtube channel throughout the day appreciate you as always hit subscribe help us get to seven million thanks so much want to stay plugged in become a subscriber to our sub stack at midasplus.com you'll get daily recaps from ron filikowski add free episodes of our podcast and more exclusive content only available at MidasPlus.com.