Transcripts For MSNBCW The 20240702

Gives republicans a team victory. What todays ruling on elections could mean ahead of november. Then, a Border Security bill dies again in the senate after getting no support from the party that loves talking about border chaos. Doj versus live nation. Why the feds are taking on the Entertainment Giant over Ticket Prices, as the 11th hour gets underway on this thursday night. Good evening once again, i am stephanie ruhle, live from New York City berkeley are now 166 days away from the election. As we wait for tuesdays Closing Argument and Donald Trumps new york criminal trial, the nations highest court just made a big decision when it comes to the right to vote. The ruling involves a congressional map down in South Carolina and how its lines are drawn. The Supreme Court sided with South Carolina republicans and their map. The court by the conservative majority says the plaintiffs did not prove their claim that it was redrawn on the basis of race. The opinion, written by Justice Samuel alito will make it harder for plaintiffs to make challenges like this one Going Forward. Today, President Biden condemned the decision, saying it undermines the basic principle that Voting Practices should not discriminate on account of race, and that is wrong. The president went on to say this is part of a dangerous pattern for republicans to dilute the will of black voters. Speaking of the Supreme Court and Justice Samuel alito, he is facing even more backlash, including from some republicans , over new reports that not one but now two flags carried by some january 6th rioters flew outside his homes. The flags have also been used by some supporters of the movement. Many democrats are now calling on samuel alito to recuse himself from any cases tied to january 6th and Donald Trumps president ial immunity. If Supreme Court does not get its act under control, you can be confident that democrats in the House Of Representatives partnering with democrats in the United States senate will act the first opportunity we have to engage in their oversight, and the consideration of imposing an ethical code of conduct on Supreme Court justices. We are waiting the court relief on cases involving the capital riot. So far there is no sign of Justice Samuel alito planning to set out any of those upcoming cases, because an ethical code violation amounts to almost nothing. With that, lets get smarter with the help of our leadoff panel. It is a great one peter baker is here. Chief white house chris on it for the new york times. Hayes brown joins us, editor and writer for msnbc. Com, and formerly our prosecutor and civil rights attorney, Charles Coleman junior who has a new set of friends, he brought them just for us. Case, lets start with the Supreme Court. Why is it so important when it comes to the right to vote for all americans . Because like you said in your intro, this decision makes it harder to bring cases to the Supreme Court, or to bring to courts in general, to say this gerrymandering was done on a regional basis. Justice samuel alito is of the opinion that it is almost impossible to separate race from politics, when determining My A District has been drawn up that way. This is only really possible because of the shelby decision that chief Justice John Roberts authored, which made it so states like South Carolina which were previously under prequalification, had to go to the Department Of Justice to get approval from their districts when they were read john to say this is why this is not a racial gerrymandering and get approved for them. In destroying that standard, the door opened to Justice Alito being able to say, there is no real way to tell if this is racial or partisan. In doing so, makes it harder for his case to be brought forward and prove that Black Americans are being franchised in this way. Charles, what do you think of this from a legal standpoint . From a legal standpoint i think they have opened the door to this happening across the country and a number of different jurisdictions. To tether race and politics in the way that they have in such a way they are virtually inseparable according to samuel alito, allows other districts who are watching this, other jurisdictions , to do the exact same thing. I think from the standpoint of the Supreme Court making the decision, it is going to be sound until they change their mind. The Supreme Court is not right because, they are not last because they are always right, there right because they are always Left Progressive that often, because they have the final say from a legal standpoint it is going to stand, until you have definitive proof that certain decisions are going to be made. It is deeply problematic, has significant margin implications. We know the president cares a lot about Voting Rights but we have not heard about the much on the campaign trail. Where do they stand in terms of his priorities . I think it is a high priority, he has been frustrated from passing legislation in the senate where the filibuster remains in place. They chose not to try to limit the filibuster because they did not have the votes. Enough democrats were wary about getting rid of the filibuster. That is something that you have to look at again. My guess is after the selection, it is one thing you the white house talk about, can they make another effort at getting rid of the filibuster and passing a federal Voting Rights act . Without that they are not going to be able to do it. You will not hear him talk as much about it today as a few years ago. That may help explain in part why he has had some political trouble in terms of rallying black voters back to him, according to the polls. Pulls a show there is some frustration on the part of many voters i havent followed through on promises on Voting Rights, even though of course, that is because he does not have the vote to do it. That is a problem, of course. It is sort of a circle in that regard. But you heard him talk a little bit about it today, you will hear him presumably talk about it a little bit in the days to come. It has not been a major theme so far in this campaign. Practically speaking, do you believe the Biden Harris Campaign is making a mistake not campaigning harder on Voting Rights . I do, i think that from one standpoint, it makes sense to go hard on this because of this centrality of democracy to President Bidens election pitch. He is arguing that if donald trump is reelected, he is a threat to democracy. What is the opposite of that . It is enabling Voting Rights, it is putting the power in the hands of the American People. Given how much distress there is over elections, you see and pulling that people on both sides are worried about whether the election will be fair, whether it will be upheld. For President Biden and Vice President harris to gather and say, we know that it is important to vote, we want you to be able to vote, we want everyone to be able to vote fairly, that is what we are about. It is the other side that wants to pretend like people are voting. No one on the right is legitimately concerned about voter fraud, and his argument about maybe not accepting the Election Results, is all nonsense, where they are bowing at the altar of donald trump who will not accept your results. Charles, can we talk about Justice Samuel alito . What is your reaction to this issue, reports of these flags in his home, now in his Vacation Home . Especially on a day when he wrote such a significant opinion. There is an old football guccione said at a press conference, they are exactly who we thought they were. Samuel alito is exactly who we thought he was and you do not need flags to make the decision or come to that conclusion. You can look at his words, you can look at his decisions, his opinions. South carolina being one of them. The fact that there is no congressional congressionally imposed code of ethics on the Supreme Court means nothing. Because they are going to do what they are going to do. For as much as i respect and admire hakeem jeffries, at the end of the day, if this is a priority, you dont need further violations. We have seen enough, we have had so much conversation about court justices. Even if they give him an ethics code violation, it does not mean anything. Jeffries can stand up there and say if you do this one more time, we are coming for you, they cant come for them, right . These Supreme Court justices have a lifetime appointment, okay . If i knew i had this job for the rest of my life, right . I would do it in my pajamas, i would not look at ratings and i would not even read a single word. They have no motivation it doesnt matter if he doesnt trust them or like them, they have those jobs forever. Which is exactly where the notions of these flags, while they may seem to be exposing and enlightening for some people do not surprise me and they dont make a difference because it does not change anything about samuel alito and how he is going to do his job or the ways in which he is compelled to do his job, because he does not have to recuse himself from the cases involving january 6. He does not have to recuse himself from donald trump immunity case. Ultimately, these are just flags blowing in the wind. That is what i mean. Literally and figuratively. We have been here before with clarence thomas, it is highly unlikely that samuel alito will recuse himself. Lets be honest, there does not seem to be real political will to impose Ethics Reform and even if there is Ethics Reform, they are not losing their jobs. Where does that put us Going Forward . They have the choice to decide how they comply with ethics and, other than impeachment, which is a rather extreme remedy, there is nothing really that any other branch of congress, any other branch of government can do about it. What is fascinating about it is what Justice Alito is talking about in todays decision about keeping the court out of essentially political decisions, he said the district decisions are a political decisions by political bodies and courts dont really have much of a role in it, yet the problem is the appearance of politics on the court. The 63 decision today was, broken down very clearly along party lines, if you want to look at it that way. The six justices appointed by republicans voted in the majority of the three that were voted were appointed by democrats voted in the minority. Increasingly we have seen polls showing a public sense that justices and judges of lower courts are them selves partisan actors, not neutral arbiters of law. That has always been the case but if the faith in the system increasingly is seen through that partisan lens of political ends, it becomes harder to maintain the credibility and the faith in the system. What does it matter, hayes . Not to be a total cynic, if we dont have faith in our Supreme Court . Right . They still have, to charless first point tonight, the last word. Does it actually we could sit here and say polling shows the American People have no faith in the Supreme Court. Do any of them care . Here is the thing that is hard to wrap your head around. It is the idea that the Supreme Court makes the decisions, it is up to the executive to enforce them but no one is calling for President Biden to ignore Supreme Court decisions. That is a constitutional crisis nobody wants but i feel like the justices know that, that is part of the problem here is they are aware short of impeachment, there is no way to get them off of the bench until they die. They have the last word. But they are counting on the executive to fulfill their constitutional duty and uphold the law as the Supreme Court has interpreted its. Knowing that, they are just willing to completely flout any sort of impartiality that they should be having in these decisions and do what they want. So, i hear your point about them just kind of running, that is kind of what they are doing, yeah. Until unless and until they make a decision that is so egregious that it is impossible for a president to be able to stand up and say i will enforce this, that is where they are going with this Biggest Issue with the congress and willing to legislate, to actually put forward rules that say, if they did before and an ethic standard and set explicitly to violate his ground for impeachment, that is grounds for removal, without that willingness to step up and be a coequal branch, we are not going to move forward. You have got to wonder what all this is doing to chief justice roberts. This story requires a deep breath. The Washington Post is reporting in at least three states, electors who tried to reverse jumps loss in 2020 want to serve again. Most of them are currently under indictment. What does that tell you, charles asked if they still want to do this again . Currently under indictment. Reporter i have a few guesses, they are all the same. And that is, that they want to do the same thing, they want to be there so that they can wreck the process and stack the deck. This is not calculus here. We understand that they understand how the system is and they think to themselves, i got so close last time, this is what i did wrong. If i could just get one more crack at it, i could make sure i dont make the same mistakes i did before. It highlights the brokenness of our system and also highlights ultimately the things that need to be changed, such that you should not be under indictment for a thing and be able to go back and do the thing that you are under indictment for. That is deeply problematic and deeply troubling, although i joked about it, youre talking about something that is really essential to our democracy functioning the way that it should in our elections having the integrity they are supposed to have. This is deeply problematic on a myriad levels. It highlights what is broken which means we have an opportunity to fix it. Peter, your take . See michael, look. This is a sign the republicans do not see anything wrong in what happened, right . They do not believe that these indictments are legitimate in their view, that is what donald trump has been telling them and that is what they are taking away from that, that this is all political prosecution, that they have the right to try to offer Substitute Fleets of electors for the election and there is a chance he might try to do it again even in states where joe biden might win. We dont know how this will play out this fall, obviously donald trump is not the incumbent president , it is a different scenario if he were to lose and tombs of being able to try to overturn an election, it is very conceivable you are going to see a very disputed situation once again after election day, if there are states that are close enough in which one side or the other, we are presuming that would be more President Trump side at this point given history, would try to substitute that judgment about the Election Results for the numbers that are actually counted by the official authorities. It makes you wonder, Well Democrats who voted to save mike johnson, will they one day regret that decision . Peter hayes, charles, actually, charles, you are winning mvp of the segment for i am sorry, hayes. I have not seen you, i am thrilled you are back. The charles, he really shines tonight, bravo to you. Peter, as always, your great. I will see you soon. Republicans got another chance to do something about the border crisis they talk about day in and day out. They have the chance to pass a bill that they worked on. They did not do it. Later, what brought down red lobster . Here is a hint. It was not the allyoucaneat shrimp special. The 11th hour, just getting underway on thursday night. Turn shipping to your advantage. With low cost ground shipping from the United States postal service. You know whats brilliant . Boring. Think about it. Boring is the unsung catalyst for bold. What straps bold to a rocket and hurtles it into space . Boring does. Boring makes vacations happen, early retirements possible, and startups start up. Because its smart, dependable, and steady. All words you want from your bank. For nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled. Which is pretty unboring if you think about it. Tech does your windshield have a crack . Trust safelite. 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Qulipta, the forgetyouget migraine medicine. Today, Senate Democrats gave republicans another chance to pass an immigration bill, and they rejected it. This was the very same bill they voted against in february, even though it was a republican who helped write this thing. Republicans of course led by donald trump had decided campaigning on border chaos was better than solving it. Lets discuss it and bring in retired marine corps Lieutenant Colonel nina mcgrath, she ran against Majority Leader Mitch Mcconnell and is now the founder of the democratic majority action packed. Charlie dent of pennsylvania is now a Senior Advisor to the new group, a republican legacy. All right, charlie. We knew this bill would fail because donald trump wanted it too. What is your take on this . Especially for people in your party that this is a top priority for . I said at the time this is a very cynical ploy by far President Trump to basically torpedo legislation that brought many right of Center Policy victories republicans on the border. Specifically, on the issue of Asylum Reform and also providing more resources for Border Patrol agents. They really through they did not pocket the games they could have had and they could have still blamed joe biden who is bearing the brunt of the blame for the fiasco at the southern border, they were too late to the game to address the issue. But, joe biden is still very vulnerable on the issue but republicans, because of their cynicism in this case may share some of the blame for the border. It is a thing, they shouldve embraced the bill that langford negotiated because it did give them significant Policy Victories and frankly they are not going to get a good a deal, the republicans will not get as good a deal in the next congress, lets assume for a moment trump wins the presidency, trump will not get as good a deal. I can assure you that because Senate Democrats wont allow it. It is a filibuster. I think republicans have made a blunder here on the border but it is not going to affect them too much politically because biden is getting the blame for it. It in the blame, because people believe things that are no longer true. Amy, just last week, i interviewed republican senator mitt romney and he went right at joe biden thing he did nothing of the border, nothing at the border. But mitt romney cannot make that argument when you actually hit him with the truth, which is, it got a bill right here and it is republicans blocking it. So democrats have done the right thing that they are trying to flip the script, but the charlies point, how do they get that message out . They do what they did today, they put the bill on the floor and they make the republicans vote it down yet again, which is exactly what happened. The Republican Senate insisted that we get a border belt, that they get a border bill, and they wrote it, you know . Senator langford, mitch mcconnell, picked him to read the bill, he wrote the bill, try to push it through and then trump torpedoed it. And why . Because trump wants chaos at the border. He does not want this problem to be fixed right now, it would give biden a victory. And he is running on the border as an issue, as a political issue, and joe biden and his team and democrats simply have to turn around and use it against them. Say, hey, look. These guys arent serious about governing, they are not serious about solving this problem. All they want to do it is an issue and it is hurting our country. That is what they have to do. New topic, donald trump reportedly told Oil Executives that bigtime donating to him would mean less regulation for them. That is on top of Corporate Tax cuts he wants to extend, that is on top of the private Equity Industry getting the carried interest loophole. But all those things to the side, right republicans are arguing that forgiving student that is a giveaway to only certain americans and not others and it is buying votes. How is the Student Debt Relief buying votes but all those other things i laid out, not buying votes . Let me say, on the Student Debt Relief i think it is outrageous that the Biden Administration is forgiving debt to the extent. Hold on a minute, we are not giving a debate are not going to have a debate on whether or not the merits of forgiving student debt. The argument republicans are making is, well, it only helps people who went to college but what about all the people who did not go to college . Couldnt you say the same thing to people who dont run Oil Companies or people who dont run Corporate America or who dont sit in private equity . It is the same thing. My only point on the student debt was, that type of Debt Forgiveness must be voted on by congress. It is a massive appropriation. That is not what i am asking you about. Back to the oil and gas issue, i dont doubt that President Trump may have made some kind of implicit or explicit statement saying you helped me and i will help you. He did that with the Volodymyr Zelenskyy call that caused his first impeachment when he basically try to shake him down to conduct an investigation of the biden family, in exchange for that, i think he would release were weaponry to ukraine. Trump has done this before. The gas industry i think had reason to be upset with biden because he has now paused lng permits, natural gas permitting for experts and they are upset with that. Im not surprised that the Oil And Gas Industry is going to be more supportive of trump, the issue again is donald trump who makes these really outrageous statements where he makes an exquisite statement, allegedly, that if you support me, i will take care of you, which is extremely problematic. And how he rose. Amy, what you think . Look, i think it is a good thing with the democrats are doing here because it is shining a light on the ties between the oil and gas sector and donald trump and charlie is right, that a lot of these things happen Behind Closed Doors but the American People have a right to know, it is about transparency. They have a right to know that these things arent happening, that donald trump would basically give the oil and gas sector a complete blank check in terms of regulation in exchange for a bigger check. But lets be honest about the truth, though. This industry is coming. We have the u. S. Is the world leader in natural gas exports. We are the biggest producer in the world of crude oil. It is not like the industry is really hurting under joe biden. In fact, under joe biden, they have the best production ever. This is a temporary pause, joe biden is doing what he should be doing in terms of good government, looking at Climate Change and its effects, this is what you do as somebody who is running a country. I think this is the right thing to do and democrats are just shining a light on trumps corruption. The American People ought to know that. We are pumping more oil than we ever had before. The ceos are doing so well, maybe that is why they are in a position to write a big check. Thank you both for being here. When i come back, what really killed read lobster, when the 11th hour continues. What about africa . Safari . Hot air balloon ride . Swim with elephants . Wait, can we afford a safari . Great question. Like everything, it takes a little planning. Or, put the money towards a downpayment. On a ranch. In montana. With horses lets take a look at those scenarios. J. P. Morgan Wealth Management has advisors in Chase Branches and tools, like wealth plan to keep you on track. When youre planning for it all. The answer is j. P. Morgan Wealth Management. Heres to Getting Better with age. Heres to beating these two every thursday. Help fuel today with boost high protein, complete nutrition you need. Without the stuff you dont. So, heres to now. Boost. Clems not a morning person. Or a. People person. But he is an i can solve this in 4 different ways person. You need clem. Clem needs benefits. Work with principal so we can help you with a plan thats right for him. 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America muscular to Cepheid Chain filed for Chapter 11 Bankruptcy over the weekend. Although the endless Shrimp Promotion Deal has taken a lot of the blame, the fault really lies in the world of private 10 years ago a firm you have never heard of, golden gate capital, private equity firm, purchased red lobster. They then sold red lobsters real estate, the buildings, the property, for cash. Then they made the Restaurant Lease back the places they used to own for a lot more money. Combine that with a whole series of bad decisions along the way and they have gone bankrupt because heres the thing. Private equity does not know how to operate a restaurant business. They know how to financially engineer one and make money with themselves, that is what happened here. For mark, Peter Spiegel joins us, the u. S. Managing editor for the financial times, along with the cofounder and chairman and chief Investment Officer of Wealth Management. It is a must listen on bloomberg radio, his podcast. People look at this story, lacey has had nine and many people say this is a sign of the weakening economy, people cant afford to go out to eat, none of that is true. What is your take on this . It is oldfashioned. I would disagree with you asset stripping. There are instances Company Needs Management Help and it will turn around. This is a case where i agree with you. Even the practice of separating the real estate from the operational end of restaurants is not necessarily a bad thing. That was happened with restaurants where red lobster started with olive garden, that is how they operate, they came in, you look at the bankruptcy filing, 200 a year is owed in leases to this Property Company that is still owned by a very profitable company. So there are bad actors in the private equity world just like there are in any other world. This is one of the examples people need to take and Pay Attention to. Even this is one example of how big investors use their Profit Optimization Tactics and crushed other industries, right . Think of the housing market. In smaller cities like phoenix or nashville or atlanta, right . I hang up singlefamily properties for cassie in math and now people cant even get their foot in the door to buy a single property. Do not put me in a position of defending private equity but, when we look at different industries, hospitals, private hospitals are a perfect example that notforprofit hospitals suddenly have become these giant private Equity Profit centers, and when we look at singlefamily homes, there are some private equity that focus on rent to own. In other words, they will buy a house, they will fix it, they will find a renter, they will help them rehabilitate their credit and say if you want to buy this house, here is your path to ownership. There are others that are, shall use the phrase, a little more loquacious than that, and you end up with squeezing out a load of middle class and lower middle class potential buyers because they are sucking up all the supply. Related topics, we have a strong but complicated economy. There is a new Harris Guardian poll that everyone is talking about, it found that more than half of the americans pulled think that we are in a recession. I will give it to you, inflation is a problem, right . Rent is high, mortgages are high, insurance is high, buying a car is high, groceries cost a lot of money, but a recession . What do you think of that . We talked about this last time on the show, joe biden is not getting any credit for what is actually an incredibly strong economy. But, you have put your finger on the problem, inflation is huge. We go to the store, eggs, meat, you try to fill up your car with gas, this is the thing Everyday Americans are looking at and it is particularly biden voters. It tends to be more middle class or workingclass voters showing up to have to pay the money for their gas and their groceries and we have seen poll after poll, we had a poll last week said the same thing, the issue for the Biden Administration is, i have talked to the white house, i was there last week, they know that they cant win off this. It is not like inflation is going to turn around in six months, you can forget that prices are cheaper two years ago. The president also does not control prices, inflation, and it is not like President Trump has offered a single policy solution to address any of these things. They need to neutralize it, though. So they can talk about the other issues like democracy and the threat to Democracy Trump poses. What they are trying to do is at least neutralize the issue because they know they cant win. Can i call bs on a lot of these polls . First, half the country thinks the stock market is falling this year . There were, like, 12 alltime highs said this year, the market was up substantially last year. I just dont i find a lot of these polls to be nonsensical, who is answering their cell phone when an unknown number or text comes in . I dont even answer people i know. There is a poll the other day, one in five people think joe biden is responsible for roe v wade being overturned . That is absolutely ridiculous. Pulling, let me remind everybody, they got the Trump Election in 2016 wrong, they totally got the margin of victory in 2020 wrong. The red wave in 2022 politically, they got that wrong. I dont know why we think that making a few hundred or a few thousand calls, to people who arent answering their phones, is going to give you a representative sample of america. On the topic of prices, though, in inflation, you just walk through when you look at meat and eggs, some of those prices are changing, we just saw the stories this week. All the, walmart, target, some fast food places like mcdonalds, Marketing Prices to offer deals to draw in more customers. Does that not tell you that maybe they did not raise the prices . They did not need to raise prices as much as they did over the last two years . Your 100 right about the polls, so take this with a grain of salt. The other thing the polls do show, they show that the American People blame Corporate America as much if not more than politicians for what is going on. When you hear frequently, the messaging im hearing from the white house is very much, not our fault. Big corporations are raising our taxes, that is very much actually where the American People are right now. If you talk about this after you try to neutralize this issue, that is where you see the message, it will be on Corporate America because i do believe, the polls show this, that that is where their voters will leave. There have been studies that have shown 40 of the total inflation we have experience of the past three years was due to corporate margin expansion, not a coincidence. Not a coincidence we are at record highs in the s p 500 and record earning highs despite the trouble that we went through during the pandemic, during the lock downs, profits continue to expand. At this point, you are starting to see that come around, you know plenty of commodity traders, the old expression is the cure for high prices is high prices. You are seeing it with wendys, three dollar breakfast, mcdonalds, five dollar happy meal, and now target, 5000 prices, some of which substantially cut. Dracula say like that, they were able to cut those prices. Coincidence . I think not. When we return, the Taylor Swift Tour has the doj talking about breakups. Im not talking about taylor and her boyfriends. The Antitrust Suit against ticketmaster when the 11th hour continues. Continues. Obligated to act in our client best interest. Fisher Invements so we dont sell any commised products. other Money Manager then how do you make money . Fisher Investments we have a simple management fee, structured so we do better when our clients do better. other Money Manager your clients really come first then, huh . Fisher Investments yes. We make them a top priority, by getting to know their finances, family, health, lifestyle and more. other Money Manager wow, maybe we are different. Fisher Investments at Fisher Investments, were clearly different. What if we dont get down in time to get a Birthday Gift for zoe . Dont panic. With etsy we can find the perfect gift, and send her a preview right away. Thanks guys. [ surprised scream ] dont panic. Gift easy with etsy. Were done. 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Com or a store near you i want you to Pay Attention to this, because there is a lot of misinformation out there. Attorney general Merrick Garland announced an Antitrust Lawsuit against live nation entertainment, that is the Parent Company of ticketmaster, christine has the details. Reporter a legal battle ahead that could change the way millions of music fans see their favorite artists. The government suing Concert Giant live nation a year and a half after this. I am not getting tickets. Welcome to the eras tour. Reporter the disastrous rollout of tickets for taylor swifts eras tour. At the time, musician Maranda Hardy shut out for ticketmaster. Finally getting a ticket from a friend it is incredibly frustrating to not be able to have a choice on how you are buying your tickets. Reporter that lack of choice is why the justice department, 29 states and the District Of Columbia are suing to break up liquidation. We alleged that live nation controlled the Live Entertainment industry in the United States because it is breaking the law. Reporter live nation and ticketmaster merged in 2010, and today control 60 of Concert Promotions in the u. S. , about 80 of Primary Ticketing at major venues and a growing chair of ticket resales. The government calls it an illegal monopoly, selling the tickets, controlling the venue, promoting the event and managing the artists. Also highlighted what it calls the ticketmaster tax. Ticketing fees, service fees, convenience fees, platinum fees. Price master fees, per order fees. Reporter live nations president , pushing back today on cnbc. We fundamentally disagree with all of these allegations. And Michael Finish and saying the doj suit ignores everything that is actually responsible for higher Ticket Prices from increasing Production Costs to artists popularity, 224 7 Online Ticket scalping that revealed the public willingness to pay far more than primary tickets cost. But for maranda, the status quo is unacceptable. I hope they are held accountable, i hope it leads to change. Peter and barry are still here. Im going to turn to you first on this, for all those americans out there, who are frustrated that they cannot get tickets, they cannot get them at a reasonable price, if the doj gets their way, that is not going to change. Prices arent going to go down, that is what is so upsetting to the American People. Taylor swift is not going to be left popular. When you look at the rules in the United States versus what they do in europe, where the secondary markets are not allowed these giant markups come you cant just take you know, it is bad enough it is 65 for a ticket and then 20 in fees. You go to buy the ticket on a secondary market, it is 650, the next tickets were going for 5000 for the playoffs. That is not about collation or ticketmaster, that is because in the United States, we dont have rules against ticket scalping, we dont have rules in the secondary market. Live nation or ticketmaster, they are not getting paid more money for that ticket that was 65 that you had to pay five grand for, hyphenation is not getting that big. The scalp there is. I know people who found it less expensive to buy a round trip ticket to paris, get a hotel, go to europe, by a taylor swift ticket, see the show in paris, and fly home. I am that person, last week. This is the second time i have disagreed with you on this show. It will be a last visit to the show. Lets say the Copacabana Realm that you want to promote, have a concert with taylor swift. Who promotes them . Live nation. Stephanie, i will give you the show but you have got to use ticketmaster, right . You say i actually dont want to use ticketmaster. You know what . I will give it to speeder and his show. Sorry. They have a monopoly. There is only one show in town come you cannot go anywhere else. Bring competition, you have to separate the fact that they on the concert venues. They own the promoters, they own everything. The whole thing about taylor such, i am sorry. Taylor swift took on spotify, she took on her own publishing rights, she never took on ticketmaster. You know why . Because she makes a lot of money from ticketmaster picked up about her, they pay her. From ticket master. They dominate, they charge a lot. They get the money. I think that is right on it. Maybe that is because the small people cant get into the venues because they cant sell out an arena. Right . Taylor swift can sell out an arena which is why big business would be in big business with her. If live nation owns the venues, they promote the acts, they own the ticket seller. Why owould they have any h incentive to put any mid level d artist into a small venue . They have no incentive and there is no competition in live music now. You are saying this is vertically integrated . So thats the fascinating aspect about this. When you go back to the 60s , 70s , 80s , 60 market share, that merger historically would not have been allowed. Now yo have a different situation where you have an existing company. How do you take the pieces apart . It was the Obama Administration allow third degree to happen. Right . And, they did Consent Decrees. This administration decided Consent Decrees dont work. It never works. It never works. And this administration decided we will bust up these companies. United Health Launches an investigation. For the same rockefeller style integration. What is united healths. They own the doctors, the insurance companies. The drug providers. They own everything. And with ai, they ugown your y data. I think the administration is right on this. I think the reason the Ticket Prices are so high is there is no competition. I go on my Major League Baseball app. I dont see the swifties. I cant buy a Sports Ticket on anything but ticket master. We will talk about a business that is not real because taylor swifts business is real. I want to stalk about trump media stop. We do every night. Djt. This company is a money losing machine. Okay . What it really is is a legal vehicle for Unlimited Campaign contributions to donald trump. Because the company does nothing significant. They have no technological advancements. Yet the stock still trades in t the 40s. What is your take on this. There are a handful of companies out there that have th an almost impossible to describe following. They dont ibtrade on their revenues or profits or growth prospects. They are a meme stock. There is one reason to buy r this. Not because the company has great prospects but because you want to participate in whatever your political interest is in your relationship to donald trump. How else can toyou explain how the stock is tradeing in the 40s . Hewhen he has the ability to sell his shares, youll lose your fingers catching that falling knife. They seem happy to participate in that. I dont think people are going into this blind. They know what they are doing. And when it finally hits the fan, they are fully prepared. Yes. What an enormous contribution you have made to the potential next president. Maybe that favor will be returned. Gentlemen, thank you so, so m. I appreciate you joining us tonight. Werent they a good time . When you return, youll want to hear this story. A philanthropist gifted some College Graduates cash. With a catch. The fantastic message about e paying it forward when the 11th hour continues. 11th hour. You know whats brilliant . Boring. Think about it. Boring is the unsung catalyst for bold. What straps bold to a rocket and hurtles it into space . Boring does. Boring makes vacations happen, early retirements possible, and startups start up. Because its smart, dependable, and steady. All words you want from your bank. For nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled. Which is pretty unboring if you think about it. Heres to Getting Better with age. Heres to beating these two every thursday. Help fuel today with boost high protein, complete nutrition you need. Without the stuff you dont. So, heres to now. Boost. If you have this. Consider adding this. An aarp Medicare Supplement Insurance Plan from unitedhealthcare. Medicare supplement plans help by paying some of what medicare doesnt. 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He actually had one more very important thing to say. Watch this. The greatest joy in life we have experienced have come from giving. We want to share that giving with you today. Each of you is getting A Thousand Dollars cash right now. The first 500 is our gift to you. The second 500 is for you to give to somebody else or another organization who could use it more than you. Share in the joy of the gift of giving. Congratulations it is the fourth year in a row mr. Hale has given a gift like this. Each time he chooses a school with a large number of low income or first generation students. Congratulations to the class of 2024. And remember, if you need help, please ask for it. And if you can give help, please give it. And i will say i dont know about you. But i really enjoyed tonights show. That is all for tonight. From all of our colleagues across the networks of nbc news, thanks for staying up late with me. Have a great night. Welcome to our new special. New york versus donald trump. Im ari melber. We will break down exactly what has