40 Burst results for "Justice Department"
Senator Bob Menendez Indicted on Bribery
"Democrat New Jersey Senator Bob Menendez is being charged with bribery offenses in a federal indictment out of the Southern District of New York. There will be the unsealing of an indictment later today charging Menendez, the U .S. Senator from New Jersey, and his wife, Nadine, with bribery offenses in connection with their corrupt relationship with three New Jersey businessmen. Now this guy is a powerful, powerful member of the U .S. Senate. Menendez has been around for a long time. NBC News 4 in New York reported earlier in the week that the FBI and the IRS were attempting to determine if Menendez and his wife had taken up to $400 ,000 worth of gold bars from a guy named Fred Dabes, who's a New Jersey developer and a former bank chairman, in a swap for Menendez reaching out to the Justice Department to aid the admitted felon accused of banking crimes. So breaking news, Senator Bob Menendez from New Jersey being charged with federal indictments on bribery.
Fresh update on "justice department" discussed on Bloomberg Law
"And attorney general who's facing trial on felony securities fraud charges remains under a separate f b i investigation and could be disbarred art in an ethics case brought by the texas state bar despite all those legal challenges in his first post -trial interviews a newly emboldened paxton took aim at a number of high -profile fellow republicans he believes betrayed him including texas senator john corn and even telling tucker carlson he's not ruling out a run for corn in seat you know what i don't i'd think he's never really had competition i when you run against a look everything's on the table for me joining me is madeline berg bloomberg texas legal reporter madeline start by telling us about the articles of impeachment broadly what was he accused of so ken paxton was impeached by the republican dominated house in may of this year on 20 charges that the various allegations raised since he took office as attorney general in 2015 talked specifically about allegations raised by top staffers in the attorney general's office who reported paxton to the fbi for alleged bribery they all really center on paxton's relationship with a friend and political donor named nate paul who's a real state developer in austin and he's been accused of using his office to aid paul both in terms of turning over potentially confidential law enforcement investigation information to paul who was under an fbi probe at the time and issuing opinions that would favor paul in some of his proceedings and so there's 20 different articles that go into different facets but but this relationship is really what's at the heart of them and we should note that nate paul has been federally indicted on charges of making false statements to financial institutions going back to the trial what evidence stood out to you i think something that really stood out was consistent testimony from top employees in his office who said they told him time and time again that they were concerned about his we actions heard from people who said that they had private conversations with him who called meetings with him to tell him that they were concerned that what he was doing was stepping over the line something that's really key the in case here that gets into this bribery allegation is his alleged extramarital affair one of the accusations is that nate paul hired the woman with whom he was allegedly having an affair and kept her on payroll and in turn pakston was performing these acts in his office to benefit paul we heard from his former chief of staff in the office who talked about how this relationship affected the staff and how people were uncomfortable building phone calls from pakston's wife and to having make certain accommodations for him and this relationship i think that was a really compelling piece of testimony that we heard pakston didn't testify in his own defense he only made appearances at the trial at the beginning in the very end what was his defense the goal for his defense was clear here and that was to cast this as a mutiny by some staffers in his office who wanted to take take over as attorney general potentially they said this is a politically targeted attack at ken pakston they say none of the actions he took violated the law all of the things were things that he was allowed do to within his power as attorney general so pakston is back in office as the top law enforcement officer but he's facing other legal problems that's right he's reinstated as attorney general i think there's a lot of eyes now on what happens next how do you go back to that office after going through this like really public ordeal where a lot of details were shared about your alleged conduct and then he's got other legal battles regarding his conduct that he still has to right fight like i mentioned he's been under indictment since 2015 for securities fraud in a case that is yet to go to trial it's been delayed significantly by these different pre -trial squabbles and he's also tied up in some disciplinary proceedings involving the state bar of texas who accused him of professional misconduct for his efforts to try to overturn the 2020 presidential election results and there's an ongoing federal probe into his conduct that was prompted by the whistleblowers who are behind some of these impeachment claims so we could still see charges stem from that so while this was a significant step it's not the final word on texan's legal saga those two state securities fraud charges he was indicted on those just months after he took office in and 2015 it's always surprised me that that hasn't gone to trial yet how has he to managed avoid trial for eight years that's a great question there's been quite a few witnesses ahead of this trial date i think a key one was venue where the case should be tried either in houston or in his home county of collin county there have been objections raised to the prosecutor bringing the case and all of these disputes have gone through a full appeals process on their own going up to the the top state appeals court in texas and they've caused significant delays i think finally the state appeals court said that the case can proceed in harris county there was a date here in state 4 paxton in the case just before the impeachment proceedings began and and the judge said once those proceedings wrap she's ready to get this case moving again in harris county and as you said there is an investigation by the fbi and the justice department's public integrity section is that on the same allegations that were testified to in the impeachment trial that's right so these top employees in paxton's office who we call the whistleblowers they reported paxton's conduct to the fbi as it relates to advancing causes and the fbi and the doj they've been investigating we haven't seen the result of that investigation up to this point but those cases are ongoing and just to be clear he was re elected last year to a third term despite all these criminal and ethical allegations that's exactly right and that was a point that we heard from paxton's defense counsel throughout the proceedings they said said texas voters knew about these allegations and they didn't care they elected him anyway and so why should the state senate overturn that why should they overturn the will of the voters and paxton seems newly bolden by his acquittal some political experts think that he could gain prominence on the national stage i think that's totally fair i mean from the beginning paxton's reputation has been built on being a conservative agitator who does the biden administration over everything that they do and he's worked to align himself with former president donald trump who who we saw go through a similar thing during his presidency being acquitted in impeachment cases and only serving to boost his reputation and i think that's exactly what we're going to see happen here with with paxton who's going to certainly be emboldened by this outcome i think we're still waiting kind of with bated breast to see what his first moves are going to be now that he's been reinstated to the office but i think it's certainly fair to say that this has only helped to bolster his reputation within his own party a lot more to come in the legal sagas of ken paxton and i know you'll be following that for us madeline thanks so much that's bloomberg texas legal reporter madeline meckleburg coming up next on the bloomberg law show a a new legal battle is emerging over whether school should tell parents that their children are new preferred pronouns i'm june grasso and you're listening to bloomberg is you is where you are get live business news and market headlines from anywhere 24 hours a day via your mobile device listen to the i heart radio ad the bloomberg business ad and bloomberg dot the bloomberg business of sports podcast where the money is flowing inside sports around the globe balance of power and f1 might be shifting we take a look at mixed martial arts who's the next u s emerging grumpy star michael bar scarlet foo and damian sessauer take you inside the decisions that power this multi -billion dollar industry we talk tech and golf business of sports subscribe day on apple spotify and everywhere you get your podcasts bloomberg context changes everything breaking news first the fed decides the decision no change on rates of the federal reserve policymakers leave another great move
Rep. Massie Asks AG Garland Why Ray Epps Only Received a Misdemeanor
"On a misdemeanor? Meanwhile, you're sending grandmas to prison. You're putting people away for 20 years for merely filming. Some people weren't even there yet. You got the guy on video. He's saying, go into the Capitol. He's directing people to the Capitol before the speech ends. He's at the site of the first breach. You've got all on the goods him, 10 videos. And it's an, and it's an indictment for a misdemeanor. The American public isn't buying I it. yield the balance of my time to Chairman Jordan. May I answer the question? I'm going to ask you one now. We'll let the gentleman. Yeah. Go ahead. In discovery, in the cases that were filed with respect to January 26, the Justice Department prosecutors provided whatever information they had about the question that you're asking. With respect to Mr. Apps, the FBI has said that he was not an employee or informant of the FBI. Mr. Apps has been charged. And there's a proceeding I believe going on today on that subject. The charge is a joke. I yield to the chairman. Cut nine, go. Elon Musk was a Democrat who admittedly supported Biden, but then he became a critic of the administration and exposed the censorship regime. Now, per public reports, the DOJ has opened not one but two investigations of Elon Musk. Mark Zuckerberg, on the other hand, spent $400 million in 2020 tilting the elections secretly for Democrats. No investigations so far. To the American public, these look like mafia tactics. You pay us your money, we look the other way, you get in our way, we punish you. The American public, these tactics are. One hundred percent. While it's more of the same the during hearing, I'm not going to play anymore for you,
Fresh "Justice Department" from Masters in Business
"With At us. bloomberg Today's The top .com stories United and and Auto global the bloomberg business Workers business are app. expanding The This President their is strike. Sean bloomberg Fain radio broadcasting announced This comes earlier 24 after this hours UAW week a day he would send more workers to the picket lines if substantial progress wasn't made with the big three automakers on a new contract. New Jersey Senator Bob Menendez has made history with today's federal bribery charges against him federal prosecutors say Menendez and his wife accepted hundreds of thousands of dollars in bribes to use his influence to protect three businessmen and benefit the Egyptian government. The Senate Historical Office says the Democrat appears to be the first sitting senator in U .S. history to be indicted on two unrelated criminal allegations. President Biden is establishing a first -of -its -kind office. I'm proud to announce the creation of the first -ever White House Office of Gun Violence Prevention. While speaking from the White House today Biden noted firearms are the leading cause of death in the U .S. for children and teens. House, the National Transportation Safety Board is starting its investigation into the bus crash yesterday in Orange That County killed two educators from Farmingdale High School. TSB investigator John Humm says the team, which will be working with the New York State Police, will be on scene for five to seven days. Our goal is to find out what happened, why it happened, and to make safety recommendations to reduce the chance that this sort of accident never happens again. John Humm said they will be conducting a toxicology test on the female bus driver. In addition, they'll be looking to see if students on the bus were wearing seat belts. At least 18 students and adults are still hospitalized. A federal contractor the U .S. for government is being charged with sending classified information to Ethiopia. Abraham Lemma worked at a variety of government agencies since 2019, including the State Department and Justice Department. I'm Brian Shook. Americans will be able to order more free COVID -19 tests online starting Monday. The federal government is launching its program to provide free COVID tests now that most insurance companies aren't covering the cost with the expiration of the pandemic emergency declaration this past spring. Each household order can up to four tests online at covidtest .gov. As for the unused tests you still have at home, don't throw them out even if the expiration date has passed. The top five cities where homes sell above asking prices are all in New York and California. Sarah Lee Kessler reports moving feedback a Texas based platform for finding the best movers analyze Zillow data and came up with some surprising findings. More homes in Vallejo California just north of Berkeley Oakland in are selling above asking price than anywhere else in the country. San Francisco is second followed by Rochester New York. San Jose California is in fourth place with Ithaca New York in fifth. In all five cities homes are selling for between one and two percent over the asking price. The University of Minnesota is introducing a new kind of apple to the world. The tasty details from Mark Mayfield. It has a crisp juicy texture sort of like a honey crisp but with tropical overtones. The apple breeding program at U of M has been around for more than a century. This is their 29th variety of apple MN33 and it will be available to consumers under the brand name Kudos in the next few years. The program's most famous Apple the honeycrisp was developed in 1960. I'm Mark Mayfield. The in cops one Texas town are trying to catch a criminal with a conscience. Someone broke into a Catholic school in Corpus Christi on Tuesday night. They got away with a rosary and a laptop but before leaving the burglar left a note it read sorry times are hard. I'm Brian Shook. And I'm Charlie pellet at Bloomberg World headquarters. We do check markets all day long at Bloomberg stock struggled at the end of a jittery week that saw investors positioning for a higher for longer Federal Reserve stance. The S &P 500 index has now declined three weeks in in a row. a This week it was down 2 .9 percent. Geetu Sharma is the founder of alpha's future. The market's been a bit volatile lately August September we're seeing a bit of weakness and I think it's really this fed narrative of higher for longer that is moving the markets and making it more choppy. And you can hear more of that conversation on the tape podcast you can download it wherever you get your podcast so the Fed is just one of a couple of according to Sarah Malik chief investment officer at Nuveen Asset Management. Well there's two issues the market needs to adjust to and that's what's going on with the economy and what's going on with rates. The economic soft lending narrative is definitely being challenged and the markets had started to price that in. So that's what the markets are adjusting to and rates, of course, interest rates higher for longer inflation higher for longer all of that together is going to be a headwind for the markets also Sarah Malik of Nuveen Jonathan Stubbs is equity strategist at Berenberg and this morning on surveillance he told us this new rate environment will take some getting used to. The challenging and you know to digest higher rates for longer will take time and presents many headwinds and we need to find some tailwinds to counter that and they're not quite so easy to see right now. Jonathan Stubbs of Berenberg meanwhile a top Federal Reserve official is hinting at more interest rate hikes after the central bank step back at this week's policy meeting with more here's Bloomberg's Vinnie del that Governor Michelle Bowman is signaling she favors raising interest rates again and probably more than once to stomp out inflation. Bowman's comments to a Colorado banking conference suggest she would move more aggressively than others. She noted that Fed officials see inflation running above their 2 % target for at least two more years. Meantime at a banking conference in Maine Boston Fed president Susan Collins said interest rates may need to stay higher for longer. Vinnie del, Judice Bloomberg Radio. Goldman Sachs Citadel Securities have each reached multi -million dollar settlements with the SEC over how they labeled millions of trades. The vegan egg maker, Eat Just, is cutting jobs less than a month after raising $16 million. Stocks lower a 10 point drop today for the and S P 500 index on the week down 2 .9%. The Dow down 106 a drop of 0 .01%, NASDAQ lower by 12 a drop of 0 .01%. Global News, powered by more than 2 ,700 journalists and analysts in over 120 countries. I'm Lee Pelletin and this is Bloomberg. This is Masters in Business with Barry Ritholtz on Bloomberg Radio. I'm Barry Ritholtz. You're listening to Masters in Business on Bloomberg Radio. My extra special guest this week is Armin Panosyan. He is the incoming co -CEO of Oaktree Capital Management where he has worked in various credit aspects since 2007. He currently oversees the CLO business and is head of all performing credit since 2019. Armin Panosyan, welcome to Bloomberg. Good to be here, Barry. Thank you. It's good to have you. You have a Fascinating history. We'll get into your education a little bit and we'll talk about all the really interesting things that Oaktree Capital focuses on. Let's talk about how you ended Oaktree. Prior to that, you were at Pequot Capital focusing on distressed debt. Tell us a little bit about your experiences there. Pequot has a
AG Garland: 'No Recollection' of Contact With FBI on Biden Inquiry
"That promise. All right. six Cut go. Can you tell us about any briefings or discussions that you personally have had with Mr. Weiss any regarding and all federal investigations of Hunter Biden? I'm going to say again, I promised the that Senate I would not interfere with Mr. Weiss. So you have not, I'm just, under oath today, your testimony is you not have had any discussions with Mr. Weiss about this matter? Under oath, my testimony today is that I promised the Senate I would not intrude in his investigation. I do not intend to discuss the internal Justice Department deliberations, whether or not I had them. Oh, OK, OK. so your testimony today is you're not going to tell us whether you've had discussions with Mr. Weiss? My testimony today is I told the committee that I would not interfere. I made clear that Mr. Weiss would have the authority to bring cases that he thought were appropriate. Mr. Weiss's letter. OK, let me stop for a second time, sir. Are you aware that FBI officials have come before this committee and they have stated that there was a cumbersome bureaucratic process that Mr. Weiss had to go through to bring charges in another judicial district? know You that? I'm not aware, but that's not true. There's nothing cumbersome about the process. So those whistleblowers are lying to us under oath? Those whistleblowers are lying? I can say that. Their description of the process is cumbersome as an opinion. It's not a fact question. So he doesn't know He knows when he wants to know. It is not an intrusion into the investigative process to answer a flat out question whether you spoke to anybody at the Department of Justice about Hunter That's not
Fresh update on "justice department" discussed on Sound ON
"Rolling out an ultra premium subscription tier to its dating app users charging four hundred ninety nine dollars a month to access features like exclusive search and matching I'm Charlie Pellett and that is a Bloomberg Business Flash. You're listening to Bloomberg Sound On with Joe Matthew and Kaylee Lines on radio we talk about investing in gold here fairly often on Bloomberg but that's usually you know an ETF or I don't know maybe it's a futures contract Kaylee maybe it's a gold miner but not actual gold bars yeah and that's exactly what the Justice Department seems to think it found in Senator Bob Menendez house along with a lot of cash I was gonna say among other things stuffed in his clothing this is a bizarre story although I guess for Bob Menendez I mean well I'll reserve comment and Ryan T Beckwith go there because well he's been indicted before no that's a good point. Senator Menendez has been indicted before. This is the last thing you need is to worry about your reputation here and sound on. New Jersey Senator Bob Menendez indicted in federal corruption probe the headline on the terminal the pictures are everything we actually if you got the the indictment here if you're with us on YouTube the photographs of the cash on the clothing of the actual gold bars themselves is pretty great stuff and you can see this on the terminal of course in our story.
Donald Trump Is Not Afraid of Going to Jail
"Jim and trump calls her out right away you mean joe biden and the democrat indictments right so okay here's the thing donald trump is not afraid of going to jail he doesn't want to go to jail well he's not stupid he doesn't want to sit in the jail cell but i've seen a lot of this on twitter from liberals oh donald trump he's so she's going to want to go to jail he's terrified listen man i'm telling you and i'm going to give you a fair shake on this today the good stuff and the bad stuff i have spoken to this guy many times i have spoken to him personally and i feel feel you know obligated to share this because he just shared it publicly or else i wouldn't he is not afraid of going to jail you believe it or don't i don't care i'm just telling you everyone close to him who knows him will tell you the exact same story i'm telling you if you're going to make a political martyr out of him he doesn't want to go to jail he's going to fight it he's not dumb but he's not afraid of it those are two different things and i thought this was the best part of the interview and he said it check this out you are facing four indictments 91 felony charges if you would say it properly i'm facing four biden indictments he told the justice department to indict him or mary this mr pratt indicted their political opponent i just want to hear from you on this i want to know what's in your head when you go to bed at night do you worry about going to jail no i don't really i don't even think about it i'm built a little differently i guess because i have had people come up to me say how do you do it sir how do you do it uh i don't
Fresh update on "justice department" discussed on The Dan Bongino Show
"Of bribes taking cars gold bars and is this like something out of like a bad batman movie uh... or something from the eighties are you know i don't buy any of it well my gosh he's a democrat he defended him no not at all that's saying i by that he may have done this stuff the allegations sound serious i don't buy it don't buy and i strongly encourage you again to apply yes yes you guessed it the bond gino rule jim said something to me uh... but right came on you he's absolutely correct again i i i give everyone everyone democrats publicans liberals communists conservatives trump people everyone is innocent to a proven guilty everyone in my eyes i want to see it the court of law i'm not interested in allegations you know why the department of justice also told me donald trump there was a p p tape i'm not interested i'm not interested in allegations show me the tape with a guy in court swearing under oath that that's donald trump and then maybe i'll you take seriously i'm just telling you bongino rule full effect i don't believe any is but that he's a democrat it doesn't matter don't trust this justice department as far as you can throw them don't trust don't trust bob and then there's a democrat probably did something to take off this administration i know he's don't a democrat maybe it's like they have intra -party squabbles like we do just ask matt gates and kevin mccarthy right jim i mean they they probably hate each other as much as democrats and republicans bob menendez probably joe biden didn't like probably did something he didn't like and then what happened the biden administration was like yeah let's go after this sucker throw him and then jim said it it'll make it look like the the department of justice is bipartisan in its condemnation of criminal behavior i am not the bongino rules in full effect i'm not buying anything how sad is that man right i mean it i mean really from the bottom of my broken heart with this government how sad is that well i i mean i raised my right hand i took the oath you know what i did it's on it's on it you know it's not a pat on the back it just happened that oath meant something to me how sad is that that a guy who took that oath to defend and protect his constitution that i'm sitting here telling you that a democrat senator let me say that again a democrat senator who has now been indicted on what appears to be a massive bribery scandal that me e the most conservative of conservative republicans is telling you folks folks in the audience can you flag it for me please jim please 1209 what is it september please flag it you have the flag it book right i guarantee you in the coming weeks maybe months something's to come going out about something that happened inside of the biden administration about menendez they i'm i'm not telling you menendez didn't do this stuff at all i don't know i he's innocent until proven guilty i i want to hear it in a court of law that interest in allegations i'm not everybody's alleged to have done everything from russell brand to andrew cuomo to bob menendez and jim this is the crazy thing about principles that principles seabed you never have to change your story so when you say listen allegations are serious we should look into them but we shouldn't throw people into a hot cauldron flaming hot cauldron and ruin them until we're sure the allegations are proven beyond a reasonable doubt so we actually that's the standard we've agreed on in the united states to determine guilt and i think that's probably a good idea we before destroy people because a lot of innocent people get accused of a lot of stuff and the crazy thing is folks that that when you apply that standard across the board democrat or republican you never have to be a phony fake fraud a -hole and change your story all the time andrew komo was accused of great he was accused of it that that's that's okay let's let's hear it out in a court of law let's let's see the evidence let's do that how about that dad he's a democrat i don't care he's a democrat i don't care bob menendez is a democrat either i don't trust the doj at all menendez had 480 000 in hidden let's let's hear the evidence let's hear that because it's interesting because you know uh... folks listeners that you find it odd that hunter biden's alleged to a process to various l l c's upwards of ten to twenty million cash in no one sees him jack you're about that as ever so so weird so strange menendez had gold bars oh my gosh didn't hunter biden get a diamond wasn't that an allegation right? wasn't that an allegation too? where's that alan? have you been investigating that? and you want me the doj it's a good point jim wants to know if hunter got money from the mayor of moscow's wife that's an allegation too i don't see anybody doing jack about that jack squat jack left town you trust these people? you're crazy i listen bob menendez ain't no hero man this guy's got a history of being on the wrong just about everything you know what i mean but how sad is it that i'm at the point now where i'm almost willing to take bob menendez's word over the doj that's how sad it over is the doj that jim shakin has had this belief it's it's really insane that's how little i trust this justice department that's how embarrassing they are and to derek attorney general in name only that's how much you've destroyed the integrity of your department that's how much nobody trusts folks as you can tell if you watch the podcast once we had 74 000 people live uh uh live streaming in the chat it was a lot of fun i'm extra spicy and salty extra spicy and salty i woke up this morning super early i think i have this this ema thing going on these early morning awakenings it's if i'm being candid with you i'm a little depressed like it runs in my family i don't mean like depressed sad depression and sadness are two different things if you get it you get it know if you and it's no sense explaining it that you know it doesn't matter anyway but just like this black cloud over the last few days like hanging over me i just can't get past it i don't know if it's been brought on with everything going on with this crap administration i have no idea but i woke up this morning and i'm watching this this absolute chaos at the border and i'm thinking we're not being invaded anymore this is now a hostile takeover the invasion's been on going a year the invasion's almost complete you've got basically a standing army of young single men coming into the country that are here now by the millions we have no no idea who they are we have no idea why they're here we have no idea what they brought with no idea and i wake up this morning and you would think after all this time things might be getting remotely better because maybe the biden administration would care just one single shred iota of uh of energy they put into fixing this thing and no i said to myself this morning on purpose yes yes yes they are doing this on purpose the biden administration let's all say unison come on folks they are doing this on purpose this is intentional it is so obvious that joe biden is trying to destroy the united states intentionally right now that no sane rational person watching this no sane rational person watching this actually believes that this is being done by accident this is being done on purpose joe biden is the single most malignant destructive we have seen in modern u .s.
US Special Counsel Jack Smith Asks Judge to Place Gag Order on Trump
"Persecuting him in this matter why the Biden Justice Department this politically tainted weaponized Department of Justice is going after him he has absolutely every right in fact he needs to he has a responsibility to do so what the judge is trying to do is to tie his hands so that he Donald Trump can't go out there and explain his side of the story and the argument he's using of course is the same tired argument the left always uses which is that Trump's speech will lead to people getting in in danger they'll be put in danger that's actually what he's saying a redacted copy of a released government filing Friday after an order from US District Judge Tanya Chukin comes in connection with the election interference case one of four criminal cases he's facing quote the defendant has an established practice of issuing inflammatory public statements targeted individuals or institutions that present an obstacle to him the government said Trump made clear his intention to issue public attacks related to case the when the day after his arraignment he posted a threatening message on truth social this was the message that he posted on August 4th quote if you go after me I'm coming after you how is that a threatening statement it's not of course but what they want to do is to silence him completely Jack Smith does not want Donald Trump to be able to make his case to the American people the effort to keep him off the ballot which is so alive and well right now and you've got people who are completely interpreting the 14th amendment section 3 which does not apply to presidents because the president is not listed senators representatives electors of the president and the vice president but not the president so this effort is going to fail they know it's going to fail they have to know that when this gets to the supreme court if they try to bar Trump from being on the ballot usually the 14th amendment section when 3 this gets to the United States Supreme Court, the courts going to throw it out say it does not
Fresh "Justice Department" from Bloomberg Surveillance
"Murdoch has pleaded guilty in federal court to financial crimes Murdoch is serving life sentence in prison without parole for killing his wife and son but he adamantly denied shooting them at his double murder trial as part of a plea agreement with the Justice Department Murdoch has agreed to fully cooperate and as well as prosecutors advocating for concurrent sentences among state and federal convictions Pope Francis travels to South France today for a brief visit the pope is headed to the southern city of Marseille as part of this program of visiting smaller Catholic communities Europe's migration crisis will be high on the agenda live from the Bloomberg Interactive Broker Studios this is global news 24 hours a day powered by more than 2 ,700 journalists and analysts in over 120 countries I'm Michael Bloomberg Paul Alex Michael Barr thank you so much we appreciate it here so it looks Alex as we think about these markets and we've had the the Federal Reserve this week we had the Bank of England yesterday it is higher for it longer feels like if you really want to just kind of take the Fed take the B at the Bank of England at its word it it is higher for longer than the question becomes how long you know into 2024 yeah and you have a ECB CB Lane yes he is Dubish talking about how 4 % rate has to be held sufficiently long to get 2 % inflation right okay so higher for longer yeah we've re -rated and then I guess the question is where does it need to re the -rate most like look at the PMI's out of Europe and the UK they were they were bad particularly in the UK but like did we already know that like what is surprise here yeah it's um I guess when you do think about Europe it's clearly you know Germany recession the European Union more broadly at or near recessionary levels it's manufacturing and they're obviously you know impacted by the slower than than expected growth coming out of China which is a huge trading partner for Europe you think about some of these big you know manufacturing companies in Germany you know selling these big turbines to China but if China's not growing as quickly as you thought that's a big big issue for them and we get their PMI's in about a half an hour or so so be interesting to see just how they much wind up rolling over or are we able to sustain that kind of US resilience like US that's been prominent in the last year it has been and that's kind of feels like how it's going to be here the you know the economic data coming out of the US obviously is slowing but it's still positive we still got a strong a labor market and you know the Fed do they stay here or do they go one move higher up that's probably for debate at this point we'll have more coming up this is Bloomberg 140 this is the smell of the leftover tuna fish sandwich you left in your lunch box over the weekend in a wimpy trash this bag and is the smell of that same sandwich in a hefty ultra -strong trash bag smell the friends hefty ultra -strong has arm and hammer with continuous odor control so no matter what's inside your trash you can stay one step ahead of stinky and for bigger jobs try the superior strength of hefty large black bags when you get your news from Bloomberg you don't just get the story you get the story behind the story how your EVs battery may not be as green as it seems why a decrease in global birth rates could send countries scrambling to increase immigration you get context and context changes how you see things how you change things because context changes everything. Go to Bloomberg markets headlines and breaking news 24 hours a day at bloomberg .com on Bloomberg television and the Bloomberg Business Act this is a Bloomberg here I'm John Tucker in the Bloomberg Newsroom with this Bloomberg Business Flash the stock sell -off shows signs of abating this final trading day week. of the Yields slightly lower after touching multi -year highs right now the two -year three basis points points lower that's $5 .10 the 10 -year three basis points lower $4 .46 the tech mega caps Tesla Amazon Nvidia Apple all higher in the pre -market Dow futures right now up 29 points the S &P E -mini futures up 15th the Nasdaq E -mini futures right
What Does Hunter Biden's Indictment Really Mean?
"The Biden Justice Department is going to walk away with Hunter Biden being incarcerated? Sure, they want to lock Donald Trump up for the rest of his life, but they're not going to touch Hunter Biden. Like that CNN contributor said, this is only intended to present the the the image of the Biden Justice Department doing something about Hunter Biden's crimes. And unfortunately, that leftist commentary commentator on CNN is correct. The Trump administration didn't charge Hunter Biden's been going on. This has been going on for years. This is not a month in the making. This goes back six years. These crimes stem from something he did in I think it was either twenty eighteen or twenty nineteen. Trump's administration didn't do anything about it. And in fact, this special counsel prosecutor, whatever the guy, whatever the guy's title is, Weiss, he's a Trump appointee. Give me a break. This is all theater. This is all smoke and mirrors designed to give the Biden family cover and to give the Biden administration cover. I already saw the legal commentators weighing in last night, Dan Abrams over on ABC World News Tonight. This is very unusual. There was no crime committed. There wasn't any active violence. It's only a single count on a single gun. This is very rare. Oh, this is so rare. It's unusual, you know, suggesting that it's only politically motivated by the Republicans.
A highlight from Secretary Pompeo on President Biden and the Dangers His Infirmity Invites
"The United States Border Patrol has exciting and rewarding career opportunities with the nation's largest law enforcement organization. Border Patrol agents enjoy great pay, outstanding federal benefits, and up to $20 ,000 in recruitment incentives. If you are looking for a way to serve something greater than yourself, consider the U .S. Border Patrol. Learn more online at cbp .gov slash careers slash USBP. That's cbp .gov slash careers slash USBP. Welcome to today's podcast, sponsored by Hillsdale College. All things Hillsdale at hillsdale .edu. I encourage you to take advantage of the many free online courses there. And of course, listen to the Hillsdale Dialogues, all of them at Q for hillsdale .com or just Google Apple, iTunes, and Hillsdale. Morning, glory America. Bonjour, hi Canada. I'm Hugh Hewitt in Studio North. There's a lot to cover today, a lot to talk about. I'm going to begin, though, by telling you about my friend Terry Eastland, who died yesterday. And I want to read Roger Clegg's short obituary in the National Review, which posted yesterday at 1133. Roger writes, I met Terry Eastland after we had both joined the Justice Department during the Reagan administration in the early 1980s. So we were friends for approximately four decades. He and I were fellow Texans and appreciated not only Ronald Reagan, but Southern cuisine together. To be sure, Terry's expertise on barbecue in particular was deeper than mine, no doubt helped by the fact that his wife Jill was from North Carolina. Terry's Southern roots were manifest in other ways. He was devoted to the Atlanta Braves and sold encyclopedias and or Bibles door to door. I forget which and maybe it was both. He went to Vanderbilt and Oxford, studied the classics, eventually became a journalist. Readers of National Review knew Terry as a distinguished and stalwart conservative intellectual. He's the author of numerous books and innumerable articles and high on the masthead of the American Spectator and Weekly Standard, among other publications. He was not a lawyer, but wrote beautifully and wisely about a range of legal issues, including separation of powers, religious freedom and equal protection. We work together, writes Roger Clegg, most recently at the Center for Equal Opportunity, where Terry continued his lifelong fight for colorblind equal opportunity. Terry was one of the most pleasant and thoughtful people I ever met, a learned and genuine Christian in every sense of the word. No surprise then that he was devoted to his family, helping to care for his mother and mother -in -law and mentally challenged sister, as well as being a devoted husband, father and grandfather. Jill sent me a text this morning. Terry passed away gently this morning. He is with his savior. That's a beautiful and short farewell to Terry Eastland. Everyone who is in the conservative legal movement, I mean, really, everyone who's in the conservative legal movement, who's 40 and older, has worked with Terry. And I don't think anyone can say this, I don't think Terry had any enemies. I really don't. I met Terry at a Bethel Bible study in 1983 when I was clerking on the D .C. Circuit and the Fetching Mrs. Hewitt persuaded me to go over to a national Presbyterian church. You know, I'm a Catholic, but this is my first dipping the toe into the Presbyterian world. And there are about 14 people from Jack and Edna who were in their 70s, right down to young married couples like the Fetching Mrs. Hewitt and myself in the Eastlands and a number of other people led by Anne Dennison. And we met together once a week for two years to go through the Bible, especially useful to people like me who have no idea what's the organization thereof. But Terry was there and first time you go around the room, what are you doing? And I said, well, I'm clerking on the United States Court of Appeals for the District Columbia Circuit. Terry lit up and said, that's interesting that I'm over at the Department of Justice. We should have lunch. And we did. And Terry and I and Jill and the Fetching Mrs. Hewitt became fast, fast friends over two years in Bible study. And then Terry recruited me to DOJ off the court. He went in and said, do you want to work over here? Bill Smith, because I was going to Gibson, Dunn and Crutcher, a big law firm. I'd accepted their offer. I was doing a clerkship and was going to go to GDC downtown D .C. Said, you want to come on to work over here? You know, Bill Smith, he's a Gibson, Dunn and Crutcher partner. He'd probably like you. And so I took my resume into Tex Lazar, who was the new chief of staff after Judge Ken Starr had left. And I interviewed with Tex and I interviewed with General Smith and I went over to work there. And Terry and I worked together for the time I was at Justice. And after I went over to the White House, he stayed with Ed Meese when Ed Meese arrived and became the head of public affairs for Ed Meese. And the four horsemen would run in those years somewhat fast. That's Brad Reynolds, Chuck Cooper, Terry Eastland and Hugh Hewitt would run down the mall every day back in the 80s and back up solving the problems of the world. The conservative legal movement is broad and it's older than the Federalist Society actually begins in 1981 at the Reagan Department of Justice and with Ed Meese at the White House. And it flowered. And in the middle of it was a non -lawyer, Terry Eastland. I'm not saying he's central to everything, he just knew everyone. He wrote carefully, constructively, amusingly, and he was never angry. He was indeed the nicest man in Washington, D .C. And part of that is Texas and part of that is Christianity and part of it is his humility. And he really brought home this to me, the most important non -life lesson but intellectual lesson I learned from Terry. The Constitution was written to be understood by ordinary people. It was written by landed people for people who were not landed and not often literate so that they could adopt it in state conventions and that you ought to be able to read it and understand it and reason it. Terry wrote great books about the Supreme Court. He wrote great books about the law. He wrote great books about affirmative action, especially which offended him deeply because he came from very, very little. And he ended up going to Vanderbilt and Oxford and becoming an intellectual. He's a newspaper editor at the Virginia pilot, Norfolk pilot, I believe, and before that at the Observer. And he was recruited originally by Bill Smith, General Smith, to be a speechwriter and then he took over all of comms for General Meese.
Monitor Show 07:00 09-09-2023 07:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Today's program, you can listen on demand with our Wall Street Week podcast. Find that on Apple, Spotify, or anywhere else you get your podcasts. I'm David Weston, stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. South Dakota Governor Kristi Noem is endorsing former President Trump during a rally in Rapid City on Friday. Noem said she would do anything she could to help him win the 2024 presidential election. Trump thanked her for the endorsement and complimented her on her policies in the state. He also called Noem a warrior for American values. The move is fueling speculation that Noem could become Trump's vice president pick. The death toll stands at at least 632 after a magnitude 6 .8 earthquake struck Morocco. Friday's quake hit about 44 miles southwest to the city of Marrakesh, a major tourist destination. The United States Geological Survey says this was the strongest earthquake to hit the country in more than a century. The Department of Justice is filing an appeal to the Supreme Court seeking to end the legal battle over Miffipa Stone. The commonly used abortion pill has been the subject of a nationwide legal fight since the Supreme Court overturned Roe v. Wade last year. The Justice Department filed the appeal on Friday, urging the Supreme Court to maintain broad access to the abortion medication. The move came just hours after the manufacturers of Miffipa Stone filed a similar appeal. Full final report from the special grand jury in Georgia that investigated former President Trump has been released. Jim Forbes has more. It reveals that the grand jury recommended charges against South Carolina Republican Senator Lindsey Graham.
Monitor Show 06:00 09-09-2023 06:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Join us again Monday morning at 5 a .m. Wall Street time for the latest on the markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Department of Justice is appealing to the Supreme Court in a bid to end the legal battle over a commonly used abortion pill. Mythopristone has been the subject of a nationwide legal fight since the Supreme Court overturned Roe v. Wade last year. The Justice Department filed the appeal on Friday, urging the Supreme Court to maintain broad access to the medication. The paperwork noted this case would mark the first time a court has ever overlooked the expert judgment of the FDA. Over 600 people are dead after a magnitude 6 .8 earthquake struck Morocco. The epicenter of Friday's quake was about 44 miles southwest of the city of Marrakesh, a major tourist destination. The United States Geological Survey says this was the strongest earthquake to hit the country in more than a century. A Pennsylvania prison is firing a tower guard who was on duty when convicted killer Danilo Cavalcante escaped. George Solis reports, Earlier this week, officials detailed how the officer failed to observe or report Cavalcante's escape from the prison, which went undetected for nearly a full hour. The corrections officer had reportedly worked at the Chester County Prison for 18 years. Authorities are still looking for the 34 -year -old Brazilian native who escaped more than a week ago. Nearly 400 members of law enforcement, both state and federal, are working on the case. They've received about eight or nine credible sightings so far.
Monitor Show 19:00 09-08-2023 19:00
"At a bit, they're still a little bit above pre -pandemic levels, but getting closer around three and a half percent versus around three percent or so. And medium and longer term inflation expectations are basically where they were before the pandemic. That's John Williams, the president of the New York Fed, speaking exclusively to Bloomberg's Michael McKee. And that does it for this episode of Bloomberg Best. I'm Justin Milliner. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. A federal judge is denying a request from former White House chief of staff, Mark Meadows, to move the Georgia election interference case against him to federal court. Meadows argued on the grounds that he was a federal officer when the alleged election crimes took place. The move was seen as a better path for Meadows to perhaps get the charges dismissed. Last month, Meadows, former President Trump and 17 others were charged with felony racketeering and conspiracy counts in the 2020 presidential election in Georgia. The manufacturer of a widely used abortion pill is asking the Supreme Court to overturn a lower court ruling that would restrict access to the drug. If a Pristones maker is requesting the nation's highest court take up the case next year, the so -called floating border wall, which is meant to deter illegal immigration into Texas, is not going anywhere. Lieutenant Chris Olivarez with the Texas Department of Public Safety says it's unbelievable that the White House is trying to stop something that's working. The federal government continues to attack Governor Abbott for stepping up and taking on the responsibility to secure the border. The Justice Department is suing to get the border buoys out of the Rio Grande. A federal judge agreed, but an appeals court ruled in the state's favor, keeping the status quo.
Joe Biden Is Dragging Out Hunter Biden's Indictment to Pardon Him
"But Joe Biden thinks he's going to win re election. He does. I think he's in trouble but he thinks he's going to win. He needs to buy time. This indictment of Hunter Biden, even if he's indicted and they go to trial, they're hoping to drag the trial out. They've only got a little bit of time to go. The election is in before he'll be in office, even if he loses until January of 2025. But they think he's going to win. There's only two scenarios here. If Joe Biden loses the election, he's obviously not going to run again. He's not running in four more years. He can barely function now. He's obviously a rotting rotting bag of oatmeal now with Spaghetti -O -Brains. It's not going to happen in four years. If he loses, Joe Biden will pardon Hunter Biden and his entire family. If he wins, Joe Biden will pardon Hunter Biden and his entire family. There's no scenario all by which Hunter Biden is going to spend the day in jail. This is all a trap folks, a special prosecutor. his own. It's not going to happen in four years. In the Justice Department right now, who actually believes Hunter Biden is going to actually get justice Now, you may be saying to yourself, wow, if you're a liberal, you probably since say, Joe Biden is such a good dad, he'll do anything to keep his son out of jail. I'm sorry you're a moron. I'm really sorry you're an idiot. That has nothing to do with any of this. Joe Biden does not care about his son. If he did, he wouldn't have put his crack addicted son in front of the Chinese Joe Biden cares about himself and his own reputation. Please don't make this mistake. I've seen a couple of people, even on the conservative side, saying,
Is the DOJ Simply Targeting Trump Supporters?
"Guarantee you there are many, many people who have murdered, who have raped, who have kidnapped, who have done horrific things, who got less than 22 years. You know, the phrase political prisoners is hard to shake off, isn't it? And the difficulty for me over this conversation is I'm not trying to make heroes out of the people who committed acts of violence on January 6th. They did enormous damage to this country. And giving the left and the Democrats this weapon against Trump is infuriating to me. And if that hadn't happened, they had nothing. You had thousands of people that showed up on January 6th and heard Trump give a speech. The end. And we'd be on to the next thing. I'm going to advance the theory and then I'm going to go to your calls. There's one reason, one reason alone this is happening. They're targeting Trump supporters. And it's happening all over the country. And it's happening from Trump on down. And they're weaponizing the Justice Department. They're weaponizing law enforcement as political actions. They're targeting Trump to stop him from running and winning in 2024. They're targeting Ken Paxton, the attorney general in Texas, because he's a staunch Trump supporter and a hardcore conservative and a big MAGA guy. They're trying to take him out through impeachment. Forget that the voters overwhelmingly elected him in a landslide. They're trying to impeach him and remove him because he's a Trump supporter, I believe. And of course, the people who are being sentenced to many, many, many years behind bars, it's because they're Trump supporters.
A highlight from Flash Hash: 09/01/2023
"Let's bullshit and see who wins bullshitting. Splash Ash everybody, who's excited? I am excited. I can tell, the inflection really shows the excitement. I can't maintain my excitement. I'm extremely, extremely excited. Splash Ash. There it is. That's what I was waiting for. Oh, or did you whisper that or did your mic go up? Splash Ash. Can't hear that. Oh, I have a, I forgot I have the, I got a filter, so it's like blocking that out. I was whispering it way too quiet. I was like, is it going, is my mic going out? It's a beast of a filter. It's like no whispers around here. It's AI, baby. Okay. So you can't even be clapping. Oh, wow. That's a really good. You can't even do asthma if you want it to. Man. I can't even hear you drinking, doesn't it? Wow. I appreciate that. I really appreciate not being able to hear people like chewing or taking their drinks whenever they're about to meet. I didn't do that. I want that. I got dogs. I got children running around. Anyways, we got to show them real cool. Yeah, you do need that. We'll figure that out later. But now, Splash Ash, and it's been a minute. Since we've done one and we're back. So we'll do a little, little intros for the people that are new to hashing it out or Splash Ash. I'm Christian. I produce this. Wrangle these cats. Keep these guys in line while we try and take two minutes a piece. Yes, the claws maybe need to come out. Everyone's wanting, but we also have one. Is it doctor? Corey, Penny, was it? Give us, give us a little. I'm a doctor, but it's in something else. So you can use it if you want to. Not a medical doctor. Save a life. I'm a reality doctor because I know physics. I just made that up. It's an interesting term. Is that what you call it? I just made that up. I'm a doctor of time and space. I mean, if that's indeed what you are, you can make out whatever you want. You're like a Dr. Octopus kind of doctor? I guess based on what he did. My research puts me closer to that than him. Definitely, for sure. Okay, well, Dr. Octopus down there, why don't you introduce yourself? My name's Jesse Broke, and I do this podcast. Excellent, as always. That's it. So verbose, I love it. And the man with the silky voice in the red, sir? Yeah, I didn't get enough sleep, so my voice is not too silky. Anyways, my name's Fergalotty, AKA Black Sauce, AKA 007 .5. AKA Black Zordon, coming at you, reigning champion of Flash Ash. I believe one of them is in dispute, but I'm pretty sure that's gonna go my way. Let's do this. I like the confidence. Also, you go by D, if anyone was wondering. Oh, yeah, my name's D. What about Fergalotty? Did you mention that one? AKA Fergalotty, that's a big one. That's probably the longest standing one. Yep. You missed the important one. That's right. The actual name. Yeah, that's how you can find me on Twitter. So we have three different topics, two minutes a piece. Let's start with the topic that one Dr. Reality brought to the table. The subject is tornado cash founders charged with money laundering and sanctions violations. We got two minutes, starting with one Dr. Corey Petty. Your time starts now. Yeah, so the link that I gave was actually the Justice Department's announcement of them charging the tornado cash founders with sanctions and arresting one of them and breeding through it. And they arrested them on charges of committing money laundering. Mostly it's about facilitating the Lazarus Group in North Korea, but a lot of the charges are around committing money laundering, operating a money services business, and one other one, which I forgot what it is. It's around the same case. Yeah, conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money transmitting business. These people basically created tornado cash. There's probably some operational costs associated with doing that, and they promoted it. And now one of them's in jail for probably more than five years, or prison more than five years, depending on how things go there. Another one is, I guess, at large. And it's this concept of like, it's hard to get around this, and it scares a lot of people who make privacy technology. And I'm not sure how to make them feel good about it, because it is relatively scary. Like, I think privacy is mandatory, or allowing, or a lot of the human rights for humans to exist. Like a lot of people say privacy is a human right. I think privacy is a requirement for satisfying human rights, which is a bit different. And you don't have it in digital infrastructure, then you can't have digital human rights. 10 seconds. And it's gonna be real hard to do things like that when the United States is actively trying to shut it down. You read some of the articles on this, it makes it very clear that they have zero tolerance in terms of technology like this. All right. Very good on your time, as always. D, Fergalotti, whatever your alias is today. You're two minutes, there's no. Yeah, I mean, this article is, I guess we can just hash out, there's no real debate or side to take on this. It sets a pretty rough precedent, like if they're actually found guilty. And it's bad, it's like you can't build anything that preserves privacy without some government official wanting to lock you up and throw away the key. So it's kind of frightening. It's some of the allegations are kind of out there, but it seems like, like you said, they made tornado cash and then promoted, that was dangerously close to the tornado cash. They made tornado cash and they promoted it and now they're in trouble. And it's like, it's almost just like they made a tool and then made it, gave in the structure manual and now they're in trouble for that. So, and a lot of trouble, not a little bit. I think anything, one thing that's kind of cool is the money service business. Uncle Sam's admitting that crypto is money. So, let's get a golf clap for that one right there. But it's not good. It frightens someone like myself who works at an organization that is building privacy -preserving technology. It's kind of weird and dystopian that we can, that we'll probably accidentally say one day privacy as a service. It's like, what? What even is that? But it looks to be the way things are going. So, it's unfortunate for Mr. Roman Storm and Roman Semenov, Semenov, I hope I got that correct. You didn't. I didn't, Semenov. Anyways, not much to debate. I'm definitely on the side of the tornado cash team here because they're just building code and letting it ride. But we will see whenever the court cases come and whenever they're putting all this stuff on the record, we'll be able to see exactly what evidence there is, so. And time. How'd I hit? How much detail is left? You went a little bit over, but I wanna let you finish your sentence. So, yeah. Well, there might be Jesse time left. You never know. All right, Jesse, you have two minutes on the same topic starting now. All right, so just first off, I doubt the one billion that they're alleging is all criminal proceeds. They're just probably taking the number of the amount of transaction volume that went through tornado cash and then just saying that in totality is all criminal. So that's kind of bullshit. Also, the main issue here isn't KYC, AML, in my opinion. There's a history of US banks providing direct or indirect accounts for cartels for terrorist groups if you look at the history in the US, HSBC was and still is a well -connected global financial mainstay in international banking and they do provide methods for cartels, for terrorist groups, and also legitimate businesses. So the history of institutions like that and of a lot of these different things comes from trying to bank the unbanked. Originally, HSBC was created to facilitate Scottish traders who were trading an opium in Hong Kong and China didn't have a, I guess they, nor China had a method for really banking efficiently. And so, yeah, I mean, that's how that started and I think largely a lot of this can be solved with decentralized identity and letting people loosely affiliate their real identity with this parallel digital identity and then allowing people and building the infrastructure for people to pay taxes and use your knowledge as a way to just give the government the right amount of information that doesn't, that allows them to kind of preserve their privacy and give essentially Uncle Sam his cut.
A highlight from Guest Host Kevin McCullough On Our Fight To Save America From Destruction
"Lots of channels. Nothing to watch. Especially if you're searching for the truth. It's time to interrupt your regularly scheduled programs with something actually worth watching. Salem News Channel. Straightforward, unfiltered, with in -depth insight and analysis from the greatest collection of conservative minds. Like Hugh Hewitt, Mike Gallagher, Sebastian Gorka, and more. Find truth. Watch 24 -7 on SNC .TV and on Local Now, Channel 525. This Music. is your source for breaking news. And what to make of it all. This is The Mike Gallagher Show. The thing about Karen Bass, just a couple of years ago, she was talking about how great it is that Los Angeles is a sanctuary city. So this continues to be the political own goal of the decade. Well, Biden said COVID shots are coming back, like it or not. People want someone they know can already do the job. President Trump has done the job. We have the best economy of my lifetime. Everyone was doing better. The border was secure. And now, in the ReliefFactor .com studios, sitting in for Mike today, here's Kevin McCulloch. It is an honor to be back for my good friend, Mike Gallagher, a colleague here at the Salem Radio Network, and also someone who cares very much about what is happening to our country. Kevin McCulloch is my name. You can find me on the Salem News Channel and many of the same radio stations on Saturday nights at 9 o 'clock Eastern with that Kevin show. If you're local in the New York area, you can listen to me on AM 570 each weekday afternoon at 3 o 'clock, AM 970 the answer each weeknight at 7. And we have a lot of fun. My handle across all social media at that Kevin show. Please be in touch with me. I love to interact on the top stories of the day. We've got a lot to get to this morning. Yesterday, one of the judges in the federal trials that is the former president is going to face in upcoming months set the trial date for March 4th. This is in the special case against President Trump that Jack Smith is bringing the U .S. District Judge for the District Tanya Chutkin. Remember that name? It will live in infamy. She's rejected a proposal by the Trump defense team that the trial began in April of twenty twenty six long after the election. She instead set the date far closer to the one proposed by Smith and the government who wanted it on January 2nd. And if you happen to be a criminal attorney, please dial me eight hundred six five five Mike eight hundred six five five six four five three. I'd love to have some validation on this, but one of the one of the broadcasts I do here in New York for AM 970 the answer focuses on litigative issues every Thursday night. And we just talk legal stuff. I'm not a lawyer. I'm fascinated by the law. I think that lawyers that that proves a faithful service to their clients and to the government are are valuable people in our society. But I think it's interesting to see this chess match being played to the public in a way as though lawyers wouldn't know what was really going on here. So let me kind of break it down for you. You had the indictment and the the perp walk and the cuffing and the fingerprinting and all the stuff that they wanted to do to try to embarrass forty five. They had their moment in the in the sun to do that. And then they come back and they say, oh, we're we're going to go to trial quickly. We're going to put you on trial on the second of January. And Jack Smith said, Judge, you've got to put them on trial on the second of January. And the Trump team said, no, we're going to ask for twenty twenty six. And the judge comes back and says, no, no, no, no, we can't give you that much time to prepare. We're going to make sure that you're ready for trial by March the fourth. Now, of all the dates and all the calendars in all the world, March 4th is the day that she just happened to land on. I'm just I'm just looking at this calendar and I'm just seeing of all the choices and options that I have here. And you know what? I'm going to go with March the fourth for no reason whatsoever. Except that March 5th happens to be Super Tuesday. And there's however many states, twelve, fifteen, sixteen states in it. I forget the number. It's one of the most important days of the election calendar. This judge, Tonya Chutkin and and the prosecutor in the in the in the Georgia case are both embarrassing themselves. Fannie Willis and Tonya Chutkin are both embarrassing themselves because their behavior begets kindergartners on day one of preschool. Like it's they're not even in the in the class yet. And they're already like goofing around. Here's what happens between now and March 4th of next year. The Trump team will do a number of things in all of these cases, but they're going to they're going to be filing mainly, especially in the in the state cases for a couple of things. They're going to want those cases moved out of the Georgia state realm and they're going to want to put them into the federal realm because the federal system will be one that's easier to to manage and to and to kind of go through. But beyond that, there are a boatload of motions that will be being entered into the record between now and then that they are going to do everything from filing a motion to dismiss to filing an extension for discovery. And let me just let me just tell you on this on this alleged interference in the 2020 federal case that Jack Smith is doing out of D .C. It's my understanding that there are more than 12 million documents. That will be entered into the evidence, and this Tonya Chutkin joke, this this judge, this this joke of a judge laughed yesterday when told by the Trump team that for proper discovery to be allowed, there's no human way that they could sit and read 12 million pages between now and March 4th. And she just kind of giggled like, ha ha ha. Well, you've already you already know a bunch of the stuff that's in there. Ha ha ha. Friends. We talked about this yesterday. The left is trying to systematically dismantle America and they're starting to let the evil be seen. Right. That was my theme yesterday on the show. We talked about it for three hours. This is another example of that. There's there's this kind of open knowledge that this judge is dismissing. The normal procedures that what would be accustomed to any other criminal defendant, they're not going to allow President Trump. Why aren't they going to give him the same rights and the same protections that they would give a serial killer or a gang banger or anyone else? They're going to have to. And if the judge continues this kind of embarrassing behavior, chuckling at the people that are involved, chuckling at the requests that are made. She's there's a there's a there's a circuit court that oversees this court. And those judges have authoritative roles that they play over the over the sitting judge. That's that's in the court. That is Tonya Chuck him. And if they don't want to be embarrassed, if they don't want to have their circuit embarrassed, they will advise their underling to comport herself differently. But I just find it amazing that we're supposed to buy all of this. This is this is the great lie. They sit here and they pull this stuff and they and they set these unrealistic dates. And by the way, I'm going on the record. They would not have made a January 2nd start date. They're not going to make a March 4th start date. You had it is law. His he has a right to an informed defense. He has he has a right to have his defense know every piece of evidence that's going to be introduced as it's introduced before it's introduced. If the if the prosecution has had twelve point eight million documents in their possession and the defense is just receiving and being made aware of what they're going to introduce. They have to have time legally to not only understand what every document says, but they have to process it and comprehend the implication of what that document has to do with within the case. And then they have to have the right to prepare proper defense of those facts. This isn't a kangaroo court. We're not in a kangaroo nation. There are still laws. And I know these Obama judicial appointees and the Biden administration and the Justice Department all think it's hilarious. What's going to be hilarious is when they get their teeth slapped back at them by their their their upper judges and maybe eventually the Supreme Court, because they're such lunatics with how they're proceeding at current pace. Eight hundred six, five, five, Mike, eight hundred six, five, five, six, four, five, three. Take your calls right now. Eight hundred six, five, five, Mike, eight hundred six, five, five, six, four, five, three. Do you think that Trump will be in court on March 4th, the day before Super Tuesday next year? By the way, some of his fellow Republicans think that he will be. Chris Christie, the shameful, shameful behavior of Chris Christie in recent days coming right back. It's the Mike Gallagher show. Don't go away. Left leaning activists are attacking Supreme Court Justice Clarence Thomas. Read The People's Justice Clarence Thomas and the constitutional stories that define him on sale now from Regnery Publishing. You know. As central banks in countries like China, India and Australia begin transitioning to a digital currency, the Federal Reserve has been contemplating the same for the U .S. With the digital currency, the government could track every single purchase you make. Officials could even prohibit you from purchasing certain products or easily freeze or seize part or all of your money. These are some of the reasons concerned Americans reach out to Birch Gold Group. They want to have a physical asset that's independent from the U .S. dollar. Gold held tax sheltered in a retirement account. I buy my gold from Birch Gold to make sure I'm diversified. You should, too. Find out if gold is right for you as well. Text the keyword Mike to 98 -98 -98. We'll send you a free info kit on gold. With an A -plus rating with the Better Business Bureau, thousands of happy customers like me, countless five -star reviews, Birch Gold Group can help you diversify into gold. Text Mike to 98 -98 -98 or just go to MikeForGold .com. MikeForGold .com. Claim your free info kit on gold. Because if a central bank digital currency becomes reality, it'll be nice to have some gold to depend on.
Donald Trump Describes Fulton County Jail Processing
"Very sad day for our country. This is a weaponized Justice Department and all of these indictments and cases. I have a couple of cases that aren't indictments. It's just cases where you have these left lawyers suing for like a woman that I never saw before other than that she took a picnic 25 years ago on a on a line on a contributor's line or something or charity line. Everything it's just like one thing after the next and what they want to do is they want to try and wear you out would ever do but they want to wait you get to could about just an absolute horrible thing that they're doing and I've never seen anything like it. This is third world country and I really believe they're getting hit by it you know we were going there were tremendous crowds in that and they were so friendly so friendly but this is a radical left district attorney as we have in New York and as we have in all the other places whether it's district attorney or AGs we have that in New York they're going after all for nothing I mean the AG case they have no case against me at all do it to try and get elected but they also do it in court with the Department of Justice in Washington terrible thing never happened before you you know we can try and imagine what this man's going through but it really is unimaginable it's bad enough to have one case he's got four criminal cases and once in two civil cases all of which are either unleashed by Democrats donors he's got six cases four criminal that threatened his very liberty and two civil that threaten his
A highlight from Trump Being Booked In Fulton County Jail Is A Sad Day For America
"We're proud to announce our brand new ACLJ Life and Liberty Drive. Our legal teams will be focusing on the issues that you, our ACLJ members have told us matter the most to you. Life and religious liberty. Join the ACLJ in the fight to keep America free. I was actually uplifted by visiting the people here in Atlanta who came out to show support yesterday for Donald Trump. You're going to meet some of these people along the way today as we continue from Atlanta where last night President Trump was fingerprinted electronically, mugshot, which went viral. Millions and millions of people now are sharing his mugshot. I'm sure his image is on the cover of t -shirts. We have t -shirts that say Free Trump. We've been selling them for months. You go to MikeOnline .com, they're 20 bucks and they're good looking t -shirts that a lot of people are ordering. But you know what? In talking to people here in Atlanta, they're angry, but they're also resolute. You know the old expression about the sleeping giant? It feels like people are finally waking up. People are seeing how awful the other side is and they're realizing we are going to have to get this country back. Let me give you an example. I've said to you for years that Nicole Wallace is really, really bad. She's over at MSNBC and it's always jarring because she's such a pleasant looking lady. She's got a nice, pleasant smile and attractive. You just can't believe the vitriol that comes out of her mouth. If I told you that an MSNBC anchor in reporting on Trump being arrested here in Atlanta last night had to hold back laughing out loud at Trump going to a jail where three people had died over the last month. Apparently the Justice Department is literally investigating the Fulton County Jail because of the horrible conditions there. This woman on MSNBC was so giddy, so happy that Trump was going to get processed at a jail where three people had died and she could barely contain her laughter. I got to play this for you. Just a few minutes ago, Donald Trump, the disgraced ex -president, the front runner for the Republican nominee for president, four times indicted, departed his golf club in Bedminster, New Jersey. He's on route to Fulton County, Georgia via Newark Airport, we believe. He will surrender himself for processing at an overcrowded jail with a reputation for violence and neglect. A jail that is accustomed to holding defendants facing charges up to and including violent crimes where stabbings are frequent. Actually, three people have lost their lives over the last month. That jail is where the disgraced ex -president of these United States is heading right now. They think that's funny. Did you hear that? She's having to, as the headline over at media, I put it, Nicole Wallace had to stifle a laugh as she remarks that Trump is heading to a jail where three people have died over the last month. Had to stifle a laugh. Are you paying attention? Are you understanding how awful the other side is? You know, I had a lot of people take me to task yesterday because you felt that I was critical of Ron DeSantis and you're mad at me for supporting Trump. You know, I've said I'm neutral about the GOP primary and I am in as much as I'm going to support whoever the voters elect to be their representative in the 2024 election. But I'm not going to back down from having supported this man who is a woman, having to stifle laughing out loud at Trump being arrested in a jail where three people have died over the last month. These aren't serious people. These are people who are so vicious and so awful that they think this is all a big game. They think this is all a big joke. Yesterday, Jesse Waters over on Fox News Channel's The Five called Jessica Tarloff out. Jessica Tarloff is one of the resident liberals on that panel. She's really the only liberal. Harold Ford is a Democrat, but he's a pretty moderate guy. I think that's why the former congressman from Tennessee is probably pretty popular for the Fox News audience because he's But Jesse had had enough of hearing Jessica, like Nicole Wallace, find this funny, find this amusing, find this happy. Does Trump being arrested make you happy? Are you glad America's being dragged through this? Do you like seeing this country torn apart? Because as even Nicole Wallace had to admit, this guy is beloved and supported by millions and millions of Americans. And here was Jesse Waters calling Jessica Tarloff out for being happy over the arrest of Donald Trump. I think tonight when he gets mugshotted, I didn't like the way it looks with Rudy. And I thought it was going to be a big viral moment. And you said something that really bothered me the other day. And I've been thinking about it. It's been on my mind. You're going to tell I said something to you and you go, oh, yeah, well, Trump's had been indicted and is facing life in prison. And you made it seem like that was a good thing. OK, so and that's actually a disgraceful thing. And it's a sad thing. And the fact that you're using that as a talking point is it's beneath you, Jessica. OK, so a couple of points of clarification. I never said Trump was facing life in prison. This was a conversation in the break. I don't know if we're going to start amplifying what happens in the break, but that's going to be worse for you than me.
A highlight from Tornado Cash Arrests: Attack on Terrorism or Attack on Privacy?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, August 24th, and today we are talking about tornado, cash and some big announcements of arrests yesterday. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, a bit of a big announcement yesterday. On Wednesday, the Justice Department unsealed charges against two tornado cash co -founders. Roman Storm, who lives in Washington state, has been arrested and Roman Semenov, a Russian citizen, remains at large and is believed to be currently residing in Dubai. In addition to the charges, Semenov has been added to the Office of Foreign Asset Control Specially Designated Nationals list, which is the list of sanctioned companies and individuals. The pair are charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money -transmitting business. A third co -founder, Alexey Pertsev, you will remember, was arrested in the Netherlands in August of last year, and Pertsev is currently awaiting trial on money laundering charges from home detention after spending over six months in jail. Ofack said in a statement that, quote, tornado cash has been used to launder funds for criminal actors since its creation in 2019, including to obfuscate hundreds of millions of dollars in virtual currency stolen by Lazarus Group hackers. Alongside Semenov being personally added to the sanctions list, eight Ethereum wallet addresses were identified as belonging to him. According to Elliptic, these addresses have processed more than $11 .5 million in crypto transactions. Now, the DOJ claims that tornado cash has, quote, facilitated more than $1 billion in money laundering, including, quote, hundreds of millions for North Korea's Lazarus Group. The key to the case, according to U .S. Attorney Damian Williams, is that the pair here charged, quote, knowingly facilitated money laundering. He said in a statement, while publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew they were helping hackers and fraudsters conceal the fruits of their crimes. Today's indictment is a reminder that money laundering through cryptocurrency transactions violates the law and those who engage in such laundering will face prosecution. Now, Storm's lawyer claimed that the case hinged on a novel legal theory. He said in a statement, Now, let's take a step back and put this in the context of what happened last year. In August of last year, tornado cash was placed on the sanctions list. The use of sanctions to prohibit the use of anonymizing services was controversial within the crypto industry. Both Coin Center and a group of individuals backed by Coinbase have sued the Treasury Department over the sanctions, with each lawsuit claiming that the sanctions impinge on U .S. protections around the execution of computer code. In addition, they claim that autonomous smart contracts cannot be the subject of sanctions law as they are not the property of a sanctioned individual or group. Last week, however, the Coinbase lawsuit was dismissed, with the judge writing in their decision that smart contracts are analogous to vending machines in the way they carry out their predetermined task. The judge wrote that, Now, let's dig into the charges a little bit. The newly unsealed charges explain the functionality of tornado cash and how Storm and Semenov established a token system around the protocol in order to profit from its operation. Tornado cash allows users to deposit ETH to be mixed with other depositors. Users receive a secret note, which can be redeemed for the deposited ETH at a new, unrelated address. In order to facilitate the withdrawal of ETH to fresh wallets that could not pay gas fees, tornado cash established a system where users could use relays to process withdrawal requests using the smart contract. Relays would take a fee for providing this service. This process makes private transactions possible on the Ethereum network, breaking the ability to trace funds through blockchain analytics. Storm and Semenov, the government accused, would frequently give instructions on how to maximize the anonymity provided by the service, including waiting several days before withdrawing to ensure that transactions couldn't be linked. Nine months after the launch of tornado cash in August of 2019, the developers updated the smart contract to remove their private keys. This made it impossible for the code to be further modified and relinquished any ability to control its operation. In December 2020, the founders created the tornado cash DAO to make governance decisions around the protocol. The DAO issued torn tokens and distributed them with 8 % of the supply going to each founder and 6 % going to venture capital backers. The DAO then used these tokens to create an incentive scheme to encourage relay to compete to process transactions and to incentivize users to deposit funds to increase the anonymity set for the protocol. The indictment alleges that the founders profited from the price appreciation of the torn token, ultimately cashing out for $2 .6 million each in August of 2022. Now where the nuance in this case comes in is the question around were these charges for writing code or were they charges for some other type of activity that the government sees as beyond the pale. Obviously, when we're talking about something where the implications are the big thing that matters, these sort of details are essential to really understand. And indeed, in this case, the charges against Storm and Semenov go deeper than just writing and publishing the code underlying tornado cash. In fact, the DOJ appears to be much more focused on the actions taken by them to support, promote and profit from the protocol after its initial deployment. The indictment claims that the developers were aware and indifferent to the use of tornado cash to launder the proceeds of crime from the beginning. As far back as November 2021, the government says the developers considered whether they should implement KYC and anti -money laundering features into tornado cash and chose not to. This consideration became more serious after the $552 million Ronan Bridge hack in March of 2022, given that the following month the attack was attributed to the Lazarus Group, which had been on the sanctions list since September 2019. The stolen funds were very publicly identified as being laundered using tornado cash. According to encrypted chats disclosed in the indictment, Storm sent a message to his fellow developers as the news broke in April stating, Guys, we are effed. The tornado cash team then implemented some perfunctory controls on the protocol's front end, such as the website used to access tornado cash would now block deposits from wallet addresses on the sanctions list. However, in encrypted chats, the developers acknowledged that these controls would be quote easy to evade by interacting with the smart contract directly. The indictment also introduces evidence that the developers were aware of just how rampant money laundering was on tornado cash. In encrypted chats, they shared an article which claimed that more than 90 % of transactions through the service were related to criminal acts. In the three months that followed the Ronan attack, as much as 15 % of volume was attributed to the laundering of those funds. The key allegation in the indictment is that, quote, Throughout this time period, the Tornado Cash founders continued to operate the Tornado Cash service and facilitate the Lazarus Group's money laundering and sanctions evasion, including by paying the U .S.-based web hosting service to continue to host the Tornado Cash website, continuing to maintain and keep the UI accessible to customers, and promoting the Tornado Cash service in public statements. Moreover, they maintained the Relayer algorithm and the Relayer registry, which allowed them to profit financially from the continued use of the Tornado Cash service by the Lazarus Group. As to the charges, the developers have been charged with three counts each. Conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money transmitting business. As you might imagine, the crypto legal community has a lot to say about whether the facts alleged in the case established that Tornado Cash or the system of relays around it legally qualify as a money transmitting business. Peter van Valkenburg, the director of research at CoinCenter, said, The factual allegations of unlicensed money transmission are in conflict with FinCEN's longstanding guidance that a, quote, anonymizing software provider is not a money transmitter. In an accompanying article, Valkenburg says that the only part of the indictment that indicates the developers were operating an unlicensed money transmission business is that they, quote, engaged in the business of transferring funds on behalf of the public. According to Valkenburg's analysis of the law, this falls short of the legal definition which requires acceptance of funds from a customer for the purposes of transmission. The implication is the same one that Tom Emmer has been putting forward in his blockchain regulatory certainty bill that, quote, if you don't custody consumer funds, you are not a money transmitter. However, Preston Byrne, a lawyer at Brown and Rudnick, noted that there is some legal nuance in the way the DOJ went about charging the developers. He said, The feds don't need to show that they accepted or received funds because defendants aren't charged with the underlying offense, they're charged with conspiracy. Preston expanded that thought, There is a huge difference, he wrote, between a, merely publishing code for discussion purposes which could be used unlawfully, and b, running an unlawful business which monetizes that code. After reading the tornado cache indictment, if things are as alleged, it was the latter. For the purposes of 18 USC 1960, the publication of protocols on GitHub isn't the same thing as operating a whole damn system, including hosting a UI and bolting on a shitcoin to it, where the returns from the coin are linked to the provision of liquidity for the system. I think it is that involvement with the essential functionality of the system which makes it not subject to the network access carve -out from the definition of money transmitter. Do we need privacy in crypto? Absolutely. Are there ways for people to run code that does this lawfully? Yes. Was tornado cache the way? No. Now of course, as much nuance as there might be in the specifics of how the defendants were charged, one of the big concerns is the chilling effect on privacy norms in open source development that it might have no matter what the charges actually are. In a rare moment of speechlessness, Jake Travinsky, the chief policy officer of the Blockchain Association said, I'm struggling to think of something, anything, useful to say about the tragic mistake that is the DOJ's decision to treat privacy in speech as crimes. I'm blank. Later, he followed up, Privacy is normal. Code is speech. The right to anonymity is essential to a free society. These are fundamental principles embodied in the U .S. Constitution. In time, I'm confident they will be confirmed by the judiciary, even if today they were ignored by the executive. Chris Bleck wrote, The arrest of Roman Storm and Roman Semenov of Tornado Cache isn't about money laundering. This is an attack on privacy. It's an attempt to chill the open source community into compliance. The government does not want you to do anything that it's unable to observe and judge. Dystopia Breaker writes, Take a moment to consider the broad and absurd implications of writing software that is used in a bad way makes the author legally responsible for every bad use would mean. No signal. No privacy tools. Total handover of power to centralized orgs and illegalization of privacy. Ultimately, this position is so absurd that it seems unlikely to be accepted. It's remarkable that they went with it. Masari's Ryan Selkis said, We are so far from our founding principles, we just jailed a software developer for building encryption tech and daring to empower citizens to transact freely. Utterly disgusting. We need a total evisceration of our political police state and D .C. No reform. Mass layoffs. And Udi Wertheimer really summed up many people's feelings when he said, Today is a sad day for America and for freedom. Privacy is for everyone, and it is crucial that as an industry we keep fighting for it, no matter the setbacks. No one else is going to. At this point, I think in crypto, we're almost anesthetized to more government actions against the industry. But I think this one is worth holding aside and putting in a slightly different category. The conversation here isn't really about cryptocurrency, except in so far as it was used as a reward mechanism for people who are promoting this protocol. Obviously, the much bigger questions are about the nature of privacy, about the rights of software developers, about the responsibilities of software developers, about the tools that the government uses to fight money laundering and terrorism. They are, in other words, emblematic of bigger concerns and bigger questions. It's reasonable to have contradictory feelings about this, but that's exactly why we need regulatory clarity, not just for crypto, but for software development. And guess what? In a world of AI, these questions are coming up all over again. The question in particular of whether the developers of software can be held accountable for how it's used is becoming an even bigger question than it ever has been in the past. In other words, this one is worth considering for far more than the implications for just this industry, but for the very basis of the technology -driven society that we live in. Anyways, guys, that is going to do it for today's breakdown. I will, of course, keep you updated as the situation evolves. Until next time, be safe and take care of each other. Peace.
Donald Trump's Mug Shot Boost With Rich Baris
"Barris is with us, Big Data Poll and People's Pundit. Rich Barris, is it fair to say, is it true that Donald Trump is stronger today than he was in 2020? Yes. And it's also fair to say that he was stronger now than he was in 2016 when he won. You know, we get this new poll coming out, Charlie, and I've been trying to beat this like a dead horse. And as always, thanks for having me on. It's just not 2020. It's not 2016. They're just totally different races. And he's doing so much better with E -Groups, which we can get into, than he was in either 16 or 20. And, I mean, you know, I'm not a lawyer, but as a pollster, I look at this and it's just very clear why they're trying to do what they're doing to him. What is it? Make it clear for our audience. Yeah, they can't beat him. You know, I mean, Charlie, when we look back at 2020, and I know a lot of people, especially Trump supporters, you know, think that he won 2020. And that's fine. And you know how I feel about that personally as well. But the truth is, he still could have done better with certain groups that would have made it even more difficult for them to pull something like that off. There are, you know, look at new voters, for instance. Biden won that by 30 points in 2020. And in September of 2021, that turned to a Trump plus two. Now in this poll, it's going to be roughly Trump plus eight. Massive shifts. New generation Xers and millennials that are men working, that are coming into the fold. Non -whites that are coming into the fold. It's a total and underclass voters. It's a total disaster for the Democrats. A total disaster. And we do poll other candidates. And I gotta make this clear. This is only Donald Trump. So if you are a crook DA or a crook prosecutor for the Justice Department, you're looking at this and you're trying to survive, Charlie. You don't want him to come back in, now a target of their prosecutorial misconduct and whatever else it is and have him clean hat. So if you're the Biden administration and you're hiding bribes, you're going to try to clean. You're going to try to make sure he cannot get on that ballot. You're going to try to make sure he doesn't have the money to campaign. He's going to be prosecuted. He's hurt by political prosecutions. And right now, that's just not happening.
"justice department" Discussed on Bloomberg Radio New York
"First time in more than two decades, the U.S. is suing to stop the merger of two airlines. Attorney general Merrick Garland announced this week that the Justice Department is filing an antitrust lawsuit to block JetBlue Airways from purchasing spirit airlines for $3.8 billion. If allowed to proceed this merger will limit choices and drive up ticket prices for passengers across the country. And we further allege that the impact of this merger will be particularly harmful for travelers who rely on what are known as ultra low cost carriers in order to fly. This is the second lawsuit against JetBlue by the Biden Justice Department, which is also seeking to unwind its alliance in the northeast with American Airlines, and the AG had a warning for other companies. Companies in every industry should understand by now that this Justice Department will not hesitate to enforce and I trust laws and protect American consumers. Joining me is Bloomberg intelligence senior litigation analyst Jennifer ree. So Jen explain why JetBlue wants this deal. It says it needs to do this deal to better compete with the legacy carriers like Delta and United and even southwest. Those air carriers combined have about an 80% share, including American in there. And JetBlue wants to be able to better compete. That's one of their main arguments for the deal. JetBlue says the combination would create quote the most compelling national low fare challenger to the dominant U.S. carriers, yet the Justice Department is challenging because they're afraid to merger will drive up the cost of airline tickets for low cost carriers. You know, the thing about it is they're both right, really, at the end of the day because they're kind of three tiers, right affairs. You have, like I said, the legacy carriers that tend to have the highest fares. And then you have an airline like JetBlue that's considered a low cost carrier. The fares are a little bit lower, but then you have spirit which is considered an ultra low cost carrier, so the fares are a little bit lower. Now, JetBlue does exert a competitive pressure on the legacy airlines. There's no doubt that when JetBlue enters a route, the fares all tend to go down, but spirit does the same thing, so spirit is now pulling down the fares of all of those legacy carriers in addition to JetBlue, and with the Department of Justice's concern is that when JetBlue takes over all the routes that spirit flies and transforms it into sort of the JetBlue model, it turns from an ultra low cost carrier to a low cost carrier, and it means the fares do go up. So you are losing a choice for people who want that rock bottom fare and don't necessarily care about quality or amenities or even space, they lose that choice. Is the cost of the ticket the only reason why the Justice Department is challenging this merger. Well, it's really the main reason why. I mean, you know, mergers get challenged because they can reduce output and they can increase price and they can reduce quality. Now a reduction in quality isn't really an issue here because JetBlue would probably increase the quality of the spirit flights. But it would decrease output because JetBlue would take those spirit planes and put fewer seats that are bigger, and a reduction in output ends up increasing price, but JetBlue would also likely increase price because it would increase the amenities and the quality. So it would do those two things, and those are both concerns of the Department of Justice. So tell me what the legal argument is, the antitrust argument that the Department of Justice is going to make. So they're making a couple arguments here, and they're honestly very traditional antitrust arguments. I think we've been hearing about other challenges that the FTC and the DoJ have waged that have been kind of a unique and novel and may not have such a chance in court. But this is really traditional. They say first they overlap on certain routes. And for the rocks they overlap, you're going to lose that competition and we already have a consolidated industry. The concentration is too high and it's presumptively harmful in those routes where they overlap. Now, second, they say that both airlines have plans that they've seen to expand. And so there's this potential competition in the future in these routes where they might expand and compete that will be lost. And then the last part of it is what I talked about, that for those routes where they don't overlap, JetBlue would effectively be taking out this really ultra low cost carrier. Tell us what the decision making process is like for the judge in a case like this. So in these cases, what the judge is tasked with is asking whether there's harm, and then balancing that harm if there is harm. And I think there is here against any kind of pro competitive aspects of the deal. And here what JetBlue will argue is that there's this JetBlue effect that when it enters a route that it does exert competitive pressure on all the other airlines and that fares across the board generally go down for the route. Now, that's been shown to be true actually. So what did judge is going to have to do is weigh those against each other. And to me, at the end of the day, the Department of Justice is evidence is strong in this regard. What you think of as a pro competitive efficiency, this is this JetBlue effect, rarely wins out when there's actually harm from a deal. And the JetBlue effect doesn't help the companies again in those routes that Jeff Lew is going to take over from spirit. JetBlue and spirit offered to divest overlapping routes to try to address the Justice Department's antitrust concerns. And that's a remedy that the Justice Department apparently has accepted in previous airline mergers. But it denied it here. Well, do you think that would be held against the Justice Department? You did it before, you know, why are you now changing the way you're approaching these? I don't think it'll be held against the Justice Department because each merger stands on its own facts. They're all different. And they all have a different competitive impact. So what might have fixed a deal before if divestitures may not necessarily fix this one because the facts and the competitive dynamics are different. Now, no doubt, this is a more aggressive DoJ. And this DoJ has said, when we have a problematic deal, we no longer want to accept a remedy like divestitures to clear the deal. And the judge could think about that and
"justice department" Discussed on Bloomberg Radio New York
"To address the Justice Department's antitrust concerns. And that's a remedy that the Justice Department apparently has accepted in previous airline mergers. But it denied it here. Well, do you think that would be held against the Justice Department? You did it before, you know, why are you now changing the way you're approaching these? I don't think it will be held against the Justice Department because each merger stands on its own facts. They're all different. And they all have a different competitive impact. So what might have fixed a deal before if divestitures may not necessarily fix this one because the facts and the competitive dynamics are different. Now, no doubt, this is a more aggressive DoJ. And this DoJ has said, when we have a problematic deal, we no longer want to accept a remedy like divestitures to clear the deal. And the judge could think about that and quit consider that. But it doesn't mean that there aren't other issues in that the deal isn't anti competitive. So again, I think that the DoJ has some good arguments here and I think that those divestitures while they could fix some routes were the company's compete. They don't fix the other problem I was talking about with JetBlue taking out this ultra low cost carrier from those routes that spirit flies in JetBlue doesn't today. Do you think at this point there is anything that JetBlue could do to get the Justice Department to back down and prove the merger? I do not. I think this is a really aggressive Justice Department that they're already was concerned about consolidation and the concentration in the airline industry before this merger was even announced. And I think that they're going to make it difficult on any other airlines that want to merge in the future as well. Coming up next on the Bloomberg law show I'll continue this conversation with Bloomberg intelligence senior litigation analyst Jennifer ree will discuss the Justice Department's other suit against JetBlue and how the department's been doing with its more aggressive antitrust stance. And later in the
"justice department" Discussed on Bloomberg Radio New York
"Constitutional scholars will get a kick out of it. But there's not a lot in the way of any kind of real precedent until guide anybody as to how it would play out. So yes, under the constitution, the vice president kind of has two roles. One obviously is the executive branch role under article two of the constitution. A very limited authorities, but that's what the role is set up to do. The other one is what is set up under article. One of the constitution, which deals with Congress and that is that the vice president serves as the president of the Senate to break ties, things like that. And also, of course, ultimately convenes and presides over the certification of the electoral votes to decide who is the next president. So there is this sort of non frivolous argument that because of the dual roles, he can argue that he was acting in that legislative capacity. He was fulfilling a legislative activity and therefore any discussions he had about and leading up to his actions on January 6th in that role would be covered by the speech and debate clause. It's never been done before. There's been some limited arguments on this in court, such as the Justice Department invoked that same clause to protect civil suit. It's unclear how it would play out here in a criminal context. We really don't know. You have to assume to some extent Jack Smith, the special counsel's team has played out the legal arguments and excited they have sufficient grounds to move forward if it's challenged on its basis. It protects legislators from certain law enforcement actions if the conduct is related to their legislative duties, right? So would this protect him if he was having conversations with Trump that were not exactly related to his legislative duties that happened before the capitol attack that happened in The White House? So again, that's where
"justice department" Discussed on Bloomberg Radio New York
"I'm Tom busby in New York with your global look ahead at the top stories for investors in the coming week. A big event next week, President Biden's State of the Union address the president facing some really unique challenges this time around. Now for more, let's head to our Bloomberg 99 one newsroom in Washington and Amy Morris, Amy. All right, thank you, Tom, President Biden is certainly facing some winter headwinds now. We want to start with the documents issue. Ian sams is with The White House counsel's office and says Biden's camp is cooperating with the Justice Department's investigation into classified documents that turned up in President Biden's possession. We're being fully cooperative. We're offering up access to the president's personal homes. We've been cooperative with the Justice Department ensuring that they have access to materials and handing any materials that are found over to the Justice Department. And Biden's political enemies like former president Trump trying to use this to gain some traction. We have an FBI and a Justice Department that raids a very secure Mar-a-Lago in Florida, placed under lock and key with additional locks added. At their request, but then they want nothing to do with Biden's garage where classified documents are strewn all over a wet Floyd. Also, there's the departure of President Biden's longtime chief of staff Ron klain. I know this day would come to state the obvious, but it doesn't make it any easier. Claim, however, says never bet against Biden. The president likes to say it is never a good bet to bet against the American people. And he is right. But what I want to say today is it is never a good Joe Biden and this team never, ever a good bet. All right, then of course there is economic uncertainty waves of layoffs, the debt ceiling and President Biden's agenda may be stymied because the GOP now holds a majority in the House. A lot going on those first two years of the Biden administration, we're going to bring you special live coverage of the State of the Union this coming Tuesday night, joining me now to talk it all over. Bloomberg's David
"justice department" Discussed on Bloomberg Radio New York
"Memphis police officers were charged with murder and other crimes in the killing of Tyree Nichols. The black motorist died three days after a confrontation with the officers who are also black during a traffic stop. Memphis mayor Jim Strickland. Since learning of this tragic event, transparency and swift methodical action have been our top priorities because the family of mister Nichols and our citizens deserve nothing less. Mayor Strickland says police body cam video of the January 7th traffic stop will be released to the public this evening. A notorious foreign hacking operation has been hacked itself by the U.S. Justice Department, authorities seized the servers of the high ransomware group, blamed for trying to disrupt the daily lives of Americans for years. Officials say the hive targeted more than 1500 institutions, seizing control of computer networks and demanding cash to get the data back. Cybersecurity expert Scott Spiro is with sugar shot. The hive has been targeting healthcare system, universities and everyday Americans for some time now. So they've stolen well over a $150 million. It's no joke. Cybersecurity experts got Spiro says, though groups like the hive could regroup within just a few months. Israel marked international memorial Holocaust with a new book of names listing the names of the millions of Jewish victims during World War II. Speaking to the European Parliament, president yitzhak Herzog said the world did not do enough to stop the Holocaust
"justice department" Discussed on Bloomberg Radio New York
"Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. The house January 6th committee is weighing criminal referrals against former president Trump, multiple outlets say the committee will vote Monday to recommend the Justice Department pursue criminal charges for insurrection, obstruction and conspiracy. The panel will hold its final hearing Monday as it wraps up its probe and releases its findings in the capital attack. Families of the victims of the ivaldi, Texas, school shooting, are calling on Congress to pass tougher gun laws during a house hearing this week faith mata whose sister was killed in the shooting, called for a ban on assault weapons. I truly hope that this never happens to any other family in the days months or years to come. This debatable topic on assault rifles should not be brought up again. Meanwhile, experts called to testify by Republicans, said many democratic proposals to restrict access to guns would do little to stop gun violence and would mainly affect law abiding citizens. Travel delays are worsening the weekend before Christmas, flight aware reports nearly 3800 delays and over 100 cancellations within into or out of the U.S. as of Saturday afternoon. The airport seeing the most delays is Chicago's O'Hare International Airport. The number of Americans living paycheck to paycheck is nearing an all time high. Mark Mayfield reports. A new report from financial services company at LendingClub found 63% were depending on their next paycheck to make ends meet. That's an increase of 3% from October. The figure hit an all time high of 64% back in March, as inflation began to take a hold on consumers. LendingClub's financial health officer said, Americans are cash strapped. I'm Mark nay field. The television academy says the 2023 Emmy nominations will be announced July 12th, the 75th annual Emmy Awards ceremony is scheduled to be held in September and will air on Fox. The exact date has yet to be announced. The Emmy telecasts are rotated yearly among ABC NBC, CBS, and Fox. I'm Julie Ryan. Doctors say now is the time when heart attacks and other cardiovascular problems spike. Aaron real reports. More cardiac deaths happen on December 25, 26 and January 1st, then any other days of the year. Heart disease which includes heart attacks is the leading cause of death in the
"justice department" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June gross from Bloomberg radio. The Biden administration has been cracking down on threats to competition in key industries. It's in line with the president's executive order from July of last year, directing federal government agencies to enforce the antitrust laws. I expect the federal agencies and they know this. To help restore competition. So that we have lower prices, higher wages, more money, more options. But it hasn't been going so well in court for federal antitrust regulators. The Justice Department lost its bids to block united health from acquiring change healthcare and to stop a merger between two major U.S. sugar refiners. Now the Justice Department is taking on the airline industry in court suing to break up the partnership between American Airlines and JetBlue Airways. It too may be an uphill battle. Joining me is Bloomberg intelligence senior litigation analyst Jennifer ree. This is not a merger, so why is the Justice Department trying to stop it? Well, it's not a merger. That's true, and that's actually one of the points of the defense here that Justice Department is looking at this as though it's a merger when it isn't. But the Department of Justice has the right to look at any kind of a joint venture or alliance that could harm competition. It's not restricted to just looking at a full merger between two companies as a vehicle that it can study to understand whether
"justice department" Discussed on Bloomberg Radio New York
"Protections for U.S. attorneys. They can't prevent a president from hiring a firing U.S. economy back to constitutional prerequisite of the president, but they could impose some protection so that before a case was investigated or before a U.S. attorney was directed to do something the president might have to show some reason some cause some kind of process to protect U.S. attorneys before their run out of their job Senator Durbin is asking the Justice Department to provide the committee a lot of documents and communications, will the Justice Department just hand those over? They may, because it's a Justice Department now that is neutral and not partisan and I believe the attorney general will want to cooperate with any reasonable investigation undertaken by Congress. We'll see if the Republicans regain control of either the House or Senate or above certainly the tenor of investigation is going to do a one 80 almost a one 80 anyway. Maybe a one 70 and we'll see if the Justice Department cooperation remains as it is. But it certainly does attorney general maybe it's about as nonpartisan attorney general as you could create if you're going to paint your own picture. The Justice Department has been taking some aggressive steps in the criminal investigation into January 6th. They seize phones of two top advisers to Trump, blanketed his aides with something like 40 subpoenas. It seems to be a substantial escalation of the investigation. What does that indicate, if anything? I don't know that it's an escalation. Criminal investigations, whether they're state or federal, have their own lives and their own pace, their own heartbeat. So to speak. And I think this one is a huge investigation. What are the 800 or more people under investigation and indictment by the Justice Department related to January 6th, most of them have private citizens who managed to find their way and inside the capitol or close to it on that day, but now there are many former government officials and they're being investigated as they should be. And I think we're simply seeing a sort of a normal course of criminal investigation at the highs and lows. It's going to be ever more sensitive as the midterm elections drawn here and here and just a few weeks. And we'll see if the pace slackens around that time until the election is over. And of course, the committee, the committee that Congress created to investigate January 6th, they may renew their activities again now that the sort of summer recess is over and they're reconvening after Labor Day. They too have a run up to the midterm elections, the house people, of course, are going to be out running for reelection, but I suspect we might see more activity from the committee which could in turn spur the Justice Department to yet new fields to plow. So we won't see any indictments in the next 60 days, at least. Well, so I think the subpoenas are not unusual, but indictments would be right now. And I don't think we're going to see indictments here in the near term. And the important thing, of course, is to reveal the fact where the facts will be record. And I think like the January 6th committee of Congress, part of the Justice Department's obligation here is to build a historical record so that we'll all know what happened on January 6th in the events leading up to it. In part to avoid repetition, we don't ever want to live through that kind of experience again and having a historical record which is available for all
"justice department" Discussed on Bloomberg Radio New York
"Would be pretty good too. All right, it's a busy week when it comes to politics. So much is going on or watching the house on track to send president Joe Biden that tax climate and drug price package. But of course front and center is the search warrant of the Florida home of former president Donald Trump. So let's get the latest on all things Washington. Lucky for us, we have Jodi Schneider. She's the political director for Bloomberg radio and Bloomberg TV. She's back in our interactive broker studio with Katie and me. So what do we know about the warrant? Yeah, well, so we have some new reporting today, and it has been coming Fast & Furious. Some documents reviewed by The Wall Street Journal say they have found that when they removed the documents, they removed 11 sets of classified documents from Mar-a-Lago on Monday, including some marked as top secret and meant to only be available in special government facilities. These are these FBI agents who had this search, according to The Wall Street Journal around 20 boxes of items, the binders of photos, a handwritten note and executive grant of clemency for mister Trump's ally Roger Stone. It almost sounds like my stuff in my basement except for the available in special government facilities. Right, yeah, so there was a lot of things there. And one other one was a list of in this list of information was about the president of France according to this list. So take that for what it's worth. But yeah, so we have some more detail there. And we also now have kind of a shift in tactics, if you will, from the former president and his allies, who are saying now that they want the Justice Department to have the immediate release of more detailed information than in the search warrant, they want the affidavit. And that's what led to the search warrant. Is that correct? Yeah, and so basically the search warrant describes generally describes the location and what investigators are looking for, what crimes are under investigation. But this affidavit goes much further and it's unlikely that that would be released. It's a narrative explaining not only what crimes are under investigation, but also how investigators have been gathering information to date. So sources. Or even if their names were redacted, you might be able to tell what they were. So for instance, we had Rudy Giuliani, who, of course, is a Trump ally going tweeting today that Garland must release the affidavit, even though if he doesn't do that, a judge decides whether the grant grant that. But they've gone from saying that they want this search warrant released because obviously president Trump could do that. But that they want now the affidavit. So it's a different tactic now. That we're seeing being employed by president Trump and his allies. I mean, I feel like the obvious question here is why isn't Trump just releasing the search warrant? He said that he wants it released. Yeah, that's a really good question. Because he can. He could have released it at any point, right? He was the one that alerted everybody to the fact that there had been a search at Mar-a-Lago on Monday, but this is an interesting, obviously, trying to embarrass or put the pressure on Merrick Garland and the courts in this. So it's a different tact and we'll have to see what happens here. But it really does seem like they're again trying to shift the attention from what might have been at Mar-a-Lago to what is going on in courts. And again, calling this a witch hunt and saying this is all politically motivated. Again, Merrick Garland, when he came out in that very unusual, briefing yesterday, trying to protect FBI agents and saying, look, we were just doing our jobs. They were just doing their jobs. It was a regular search. There wasn't anything political in this. So this is clearly, you know, from former president Trump's playbook. I'm going to get a lot of hate meal because I always do. But I feel like 'cause when I say something like this, president Trump is very smart former president Donald Trump. Very smart at controlling the narrative. And I do wonder getting out ahead of this. And this is Merrick Garland coming out yesterday to say, listen, we did everything by the book. And we're just looking into things, right? To try to kind of get ahead of the narrative that was put out by the Trump team. So I guess how do you look at this? Is someone who has to shape our political team, make sure our coverage is fair, what's the story to be focusing on right now? Yeah, so I got about 40 seconds. Yeah, I think there's two things. One is the story about what is actually happening. What will we see released? How will it be released? Why is Donald Trump not releasing it if he wants it released? He could do it. He could just do it. Yeah. So, you know, and we tried to provide analysis on why that may or may not be happening. The second part, of course, is political. And what does Donald Trump hoping to gain from this? And clearly, if he is thinking about running for 2020 in 2024, which he clearly has signaled he is doing, or he's certainly seriously considering he wants on his side the public and he wants it to look like he, the government is attacking him. Just really quickly can the president, the former president to any to slow down what the Justice Department is doing or no, they're going to continue. They're going to continue their investigation. All right guys, lots going on. Jodi Schneider, thank you so much. Political director at TV and radio here at Bloomberg. All right, back to world of national news where
"justice department" Discussed on Bloomberg Radio New York
"Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the law evenly without fear or favor. Under my watch, that is precisely what the Justice Department is doing. All Americans are tight and entitled to the even handed application of the law to due process of the law and to the presumption of innocence. Much of our work is by necessity conducted out of the public eye. We do that to protect the constitutional rights of all Americans and to protect the integrity of our investigations. Federal law, long-standing department rules and our ethical obligations prevent me from providing further details as to the basis of the search at this time. There are, however, certain points I want you to know. First, I personally approved the decision to seek a search warrant in this matter. Second, the department does not take such a decision lightly. Where possible in a standard practice to seek less intrusive means as an alternative to a search and to narrowly scope any search that is undertaken. Third, let me address recent unfounded attacks on the professionalism of the FBI and Justice Department agents and prosecutors. I will not stand by silently when their integrity is unfairly attacked. The men and women of the FBI and the Justice Department are dedicated patriotic public servants. Every day they protect the American people
"justice department" Discussed on Bloomberg Radio New York
"Acts where he is the prime actor. And perhaps at least as significant, he's acting over the direct objections complaints vehement arguments of his own staff people, people that he picked and put in position. So I think what I think we're likely to see if the Justice Department reaches the conclusion that it can put on a case with admissible evidence that will paint this picture in a way similar to what the committee has done. I think we're going to see a broad array of evidence showing just how pervasive the president's personal role was and showing I think pretty clearly without very much doubt that anybody could seriously raise that he had the intent that was required in order to step in to steal the election. So I think we're going to see charges that two, there are two particular statutes, one's a very broad statute that refers to conspiracy to defraud the United States. And it includes direct efforts, not just to defraud the government of money, but to defraud it of the honest performance of the duties. And what could be more important than the actual carrying out of an election to decide who will be president. Then there's a much more sort of nuanced and focused statute with many parts and the part of that statute that seems to be most likely to be invoked is one that focuses on interference within official proceeding, which most likely the primary focus would likely be on the vote counting in the Senate. I think those are the most likely things. I think the other issue that's been really highlighted by a lot of the recent evidence, and it's something that I think there's an enormous amount of evidence about is the president's arguable. And I think you have to put it that way, but arguable inciting a violence by people, at least it's clear he knew they were armed and they had weapons, but I think people shouldn't be too distracted by that evidence because the main event here is the effort to steal the election. And on that, I think the evidence is out there very clear and if they can get the right witnesses together or something that they're pretty likely to proceed on. So Donald, that is very helpful laying out the law as you know as a former Justice Department official. There's also a prosecutorial discretion question. There are some cases you might be able to bring might even be able to win, but you don't bring them. What do you think is the proper calculus in deciding this? Because one thing I've heard said, for example, is you would not bring this case in unless you were really sure you could win on it. Because this is, after all, a former president of the United States of America. That's right. And there's actually a regulation of the Justice Department that's primary guidance for prosecutors in general. And the first of a number of questions you end up having to answer or do you think you can probably win in a criminal trial? Of course, that's a trial where you have to prove guilt beyond a reasonable doubt. And I have no doubt that Merrick Garland and the department will focus on that issue, and
"justice department" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June grosso from Bloomberg radio In 2020 the Biden administration engaged in some legal gamesmanship in rescinding a hot button Trump immigration policy the so called public charge rule and then drafting its own rule without following administrative law procedure leaving a tangled legal aftermath Arizona and other Republican led states took the administration to court over the rule change and during oral arguments Supreme Court Justices across the ideological spectrum appeared annoyed with the administration's legal maneuvers Here are justices Samuel Alito and Elena Kagan I congratulate whoever it is in the Justice Department or the executive branch who devised this strategy and was able to implement it with military precision To effect the removal of the issue from our docket and to sidestep notice and comment rulemaking We shouldn't be green lighting that behavior for your administration or any other administration all right And on that assumption what should be the remedy Because it just seems as though you're here and saying you know you can just tell us to go home and nothing's going to happen to us and everybody will just do it the next time This week the Supreme Court appeared to throw its hands up and dismiss the case I've been talking to immigration law expert Leon fresco of Holland and knight The decision was one sentence long and said the state's petition seeking review was dismissed as improvidently granted So basically saying we shouldn't have taken this case in the first place But do we know why they dismissed the case There's basically a pretty good indication.
"justice department" Discussed on Bloomberg Radio New York
"Has done things which goes beyond the law for purposes of the presidency almost every president has done it It's impossible to really get into a judge's head but it does kind of hint at how at least that judge was thinking that there has always been a wide latitude for president behave in a certain way You know he went on to point out that the big outlier and this type of behavior would be like Nixon lying for his own personal benefit rather than to protect the office of the presidency and that that rises to level of impeachment Then he said something along the lines of that's a higher bar to reach The decision here if it goes against Carol it's more than just losing emotion The case would be lost That's correct If the Justice Department prevails here and is able to substitute itself for Trump as defendant in the case then essentially the case will be dismissed because you can't sue the federal government for defamation So the west fall act has been applied to Barack Obama Bill Clinton and George W. Bush so the last three presidents It seems to be invoked a lot Yes and even against Hillary Clinton and senator Elizabeth Warren and other members of Congress is actually fairly frequently And even in some destination cases I believe there was once due to Elizabeth Warren over something that she said about someone in an interview and that case never made it to trial it was dismissed under the westfall act Thanks Eric That's Bloomberg legal reporter Eric Larsen up next the case against Ghislaine Maxwell you're listening to Bloomberg.
"justice department" Discussed on Bloomberg Radio New York
"Lawyers for Trump and the Justice Department argued at a hearing before the second circuit Court of Appeals in Manhattan that the lawsuit brought by New York advice columnist E Jean Carroll should be dismissed because Trump's denial of her claims fell within his duties as a government employee After Carol went public in 2019 with her allegation that Trump sexually assaulted her in a New York department store dressing room Trump said she was quote totally lying and quote not my type Joining me is Bloomberg legal reporter Eric Larson Tell us about E Jean Carroll's defamation lawsuit Well the underlying case here was filed by aging Carol in New York advice columnist in 2019 She went public with her claim that Donald Trump had raped her in a deserted department store dressing room at bergdorf Goodman about two decades ago So she decided to go public claims and when he denied her claims thanks she was totally lying and saying that she wasn't his type that sort of thing She sued him for defamation In that case has been pending ever since And it got a bit more complicated when the Trump administration the Justice Department came in and decided to try to intervene in the case and substitute the United States for Trump as defendant in the case citing a federal law that protects government employees from many types of litigation when it relates to their job Many were surprised when Biden's Justice Department sided with Trump So at the second circuit the Justice Department was arguing alongside Trump's lawyers Yeah I think when Biden was elected a lot of people who were watching this attempted DoJ intervention sort of assumed that this would be one of the many Trump policy decisions that would be reversed by the new administration So it was kind of a big surprise when the Biden administration went ahead and filed its thoughts on the matter in court and said we actually side with Trump They said we don't agree with what Trump said but his denial of miss Carroll's claims were made as part of his job duties and therefore he's protected by this law It's called the westfall act which protects government employees from litigation related to their job So it's a bit of a surprise And the Justice Department's lawyer said Trump made offensive comments in response to very serious allegations of sexual assault I'm not here to defend or justify them But how did he divorce the comments from the defense of the comments To the Justice Department they sort of boiled it down to Trump was denying an allegation made against him I mean the press was asking him about the allegations he was responding in his own special way So the Justice Department based on their papers they're looking at it as just protecting the office of the presidency as often the DoJ does in terms of being able to protect any president's rights in their view to deny allegations like this without the threat of being sued for defamation One of the judges Danny chin asked Trump's lawyer who is he serving when he says something like she's not my type Is he serving the United States of America when he makes that statement And she said absolutely I think he was trying to get Trump lawyer a new lawyer that he's brought on in several different cases Alina haba trying to get her to just acknowledge and point to the actual remarks that we're deemed to be so offensive and rude try to explain why those words need to be used to make a simple denial And of course she did not concede in any way that these words were defensive as miss Carroll sites that she says that there was just Trump's way of saying I couldn't have done this I didn't do this This isn't me No and then she went on to point out that Trump's denial also included his claim that he takes allegations of sexual harassment and assault against women very seriously and that in his view false allegations undermine the strength of real allegations That sort of thing So to try to echo those claims in her court appearance His lawyer also referred to Kyle rittenhouse and asked what are we going to do if Kyle rittenhouse sues President Biden for calling him a white supremacist Right and I actually was not too surprised that she brought that up because it was sort of a current event comparison that was actually kind of a good one In a way because after Kyle rittenhouse shot and killed two protesters in a Black Lives Matter rally last year in Kenosha Wisconsin and injured a third in the aftermath of that Biden put out a campaign video that rittenhouse has been lawyers suggested that rin house was a white supremacist And threatened defamation lawsuit against Biden but which never actually ended up happening But it did raise the prospect of what would happen if he had been in sort of a similar argument there right But we'll never really know how that would have played out since it didn't happen Trump said two things and first he said she's not my type That is the part of the statement that's offensive Is it that he denied it at all Or is it the offensive nature of it How are they parsing that statement Well that's a good question because that did come up in the court hearing And it got a little bit confusing at time but I did clarify with mid Carol's legal team afterwards that they do absolutely stand by the argument that even the denial itself was defamation because the denial implies that she was lying The additional parts about him reclaiming that she's not his type and that sort of thing that she was making these claims just to sell a book and that sort of thing Those make it more difficult and terrible view to tie the denial to the president's job duties So that's why they were targeting that But they say that the denial itself was defamation period Coming up how might the judge's rule This is Bloomberg.
"justice department" Discussed on WBAP 820AM
"The U. S. Justice Department is suing Texas over its newly enacted abortion law. The law bans abortions after a fetal heartbeat is detected, which can happen as early as six weeks into pregnancy. U. S Attorney General Merrick Garland says the law is unconstitutional under the Supreme Court president Those precedents hold in the words of Planned Parenthood versus Casey. Regardless of whether exceptions are made for particular circumstances, a state may not prohibit any woman from making the ultimate decision to terminate her pregnancy before viability. Texas lawmakers who support the bill say it further protects the unborn. Tomorrow. The Dallas City Council's general investigating an ethics committee will take up the city's recent data loss. W B A. P S. Clayton Neville says 22 terabytes of data were deleted by an employee earlier this year. The committee plans to discuss ongoing recovery efforts in any newly discovered Dadullah's It also will consider hiring a third party consultant to investigate the deleted data. According to the city. The missing data includes police evidence files and Fort Worth. I s D is implementing a mass requirements starting Monday, September 13th. This is for staff students and visitors. The option to our mask outside is optional. The district says this, there's no court orders that prohibits the district from doing so. Again. The low Tonight is 67 right now it's 88 degrees at DFW Airport from the W B A P News desk. I'm cat Bones iron. Your next update is at nine o'clock. 24 7 coverage at w b a p dot com If you're back in the office.
"justice department" Discussed on Newsradio 970 WFLA
"Also Basically because it impedes my ability to communicate. That's our role is to disseminate information to educate people on conservative libertarian. Values, values of faith and those kinds of things. The justice system. And they interfered with my parlor account, So it's a very simple case. And I'm convinced it will go forward and it will be interesting to see what we find in the files. Of Google. Apple. And, of course, Amazon, they have banded together. To restrain competition, and in fact, I have another lawsuit. Or, uh, freedom watching for Laura Lou Murder was a congressional candidate. Palm Beach County. At the Supreme Court. Right now we're asking that Sir Ferreri be granted. It's an anti trust case. Because this is anticompetitive conduct, Larry because these are not necessarily journalistic entities, but private companies. Censorship really apply to them. Well in terms of my case. In Florida in the state court there. It's not a question of private entity. I mean, For instance, you could be walking down the street. And if a private person assaults you That private person is responsible for the assault and battery. That's gonna take what happened here is that these companies assaulted my parlor account. So they can't do whatever they want in that regard, and they did it without a legal basis to do it now in terms of trust laws. Yes, Public companies or even private companies can be held accountable when they restrain trade when they restrain competition. I was in the antitrust lawyer when I was a young lawyer with the Justice Department helped break up 18 T. That's why you have all the competition. That you have today. Now, the Supreme Court, you know, has the issue in front of it right now. A Lower court judge had dismissed this case for political reasons He didn't want to consider The argument. Ironically, Trump judge not much better than the Obama and Clinton judges. In many ways. It's very politicized, and that's what I write about my book. It takes a revolution is that Jefferson predicted. That Federal judges, in particular would become desperate and tyrants. And March to their own tune because they're unelected and unaccountable to the people, And for that reason, he said, We're probably gonna have a bloody revolution every 20 years. And he said, What's a few 1000 dead to refresh the tree of liberty Now? He didn't want to see that. I don't want to see that. But you already seen them. You saw that the capital a month ago. It wasn't intended to be bloody. But this was the American people who were rising up because they say that we can't take it anymore. Every aspect of society today. Throwing their lot. Much like German society did in the years leading up to World War two. With Hitler and the rise of the Third Reich, with the radical left and the radical left wants to destroy all opposition. They want to destroy all speech. And they wanted to retain control. And they know how the total takeover of this country through you know their candidates that became president and Vice President Joe Biden and Kamala Harris. So this is what it's about. It's to destroy conservative speech, and you see that? All aspects of society. You see my clindell, the owner of my pillow being terminated by major corporations, retailers because they're sucking up. The leftist but now control the government season sports leagues..
"justice department" Discussed on KCRW
"Executions and new death sentences reached historic lows in 2020, with one exception. Executions by the federal government are up, says death penalty expert Robert Dunham. Donald Trump is responsible form or executions in a five month period that we've seen in more than a century and a quarter. NPR's Carrie Johnson has been following the issue. She's here now to talk more about it. Welcome back to the show. Carrie. Hi, Adi. Now. This follows the news that the Justice Department had relaunched capital punishment this year, right and it was the first time since 2003 tell us about that gap and the decision behind this year Yes, former Attorney General Bill Bar in his deputy, Jeff Rosen said they were carrying out the will of judges and Juries. Rosen wrote an op ed piece this past summer, he said the issue was pretty straightforward. They were giving Victimsfamilies a measure of justice and upholding the rule of law audience. All of 2020. There were 17 executions, 10 of those by the federal government. States tap the brakes on capital punishment because of the pandemic, But the U. S. Justice Department just kept going in. Those executions brought scores of people the federal death row in Indiana to provide security or serve as witnesses. The CL U says there are now big Corona virus outbreaks inside the prison in Indiana, which has spread to the surrounding community there. The vast majority of crime and punishment happens in the states, not the federal government. So who are the people who are on federal death row? Now, As of this moment, there are now 52 people on federal death row. And these are people who in some way violated federal law, engaging in murder on federal land like a national park or people who took part in a Carjacking or a kidnapping where a victim later died. Contrast that with more than 2500 people on death row in states all over the country, the death penalty Information center says this year Colorado join 21 other states to repeal its death penalty statute. And Robert Donna points out that in Los Angeles County in California voters just elected a progressive prosecutor who says he's not going to seek the death penalty there anymore at all. Long running criticism of capital punishment is the history of racial disparities in the US, How is that played out in the conversation this year? There are some studies that say the single biggest factor in a death sentence is the race of the victim and that black men are sentenced more harshly for killing white people. Donna Merch is a history professor at Rutgers University. She says she looks at capital punishment through a long lens. And Murch told me the first few federal prisoners singled out for lethal injection this year under Trump were white. But now the majority is black men. Here's more of what she had to say. The state sanctioned right to kill is important. But in a country like the United States, built on African slavery and settler colonialism, this killing has a deeply racial symbolic to it, And that's how I understand what's happening under trump right now. I want to look ahead to 2021. There are three federal executions planned before the inauguration of the new president. How likely is it that they'll actually happen? There's some uncertainty about that right now I judge has delayed the execution of Lisa Montgomery. She's the on Lee woman on federal death row that happened after her lawyers became ill from covert 19. But the Justice Department is appealing and wants to proceed with her execution and their two other men facing execution before the inauguration. January 20. If their names are Dustin Higgs and Corey Johnson. Both of them have tested positive for the Corona virus, and their lawyers have asked the Justice Department to stop those executions in January, but so far the Justice Department has not agreed to any delay so they may still go forward in the months ahead. Following this story, NPR's Carrie Johnson, Thanks so much my pleasure. Possibly the last place you would want to be during a pandemic is a small, sweaty club pressed up against a couple 100, strangers all yelling towards a stage. Because of that small music venues were among the first to close in the early stages of the pandemic, and it looks like a long while until they will be able to open again. But there is help for them in the Cove it relief bill as NPR's Andrew Limbaugh reports. In the before times R G fix. Schaeffer worked for a company that ran a handful of music venues in the Washington, DC area, including the 9 30 Club. And so we made that really tough decision on March 11th to have that one last show, and then we shut it all of our venues. They're still shuttered. So now she's the spokesperson for the National Independent Venue Association, or Niva. Which has been lobbying for some form of aid to help support struggling clubs. Shaver estimates that more than 300 have already closed. Niva was one of the organizations that lobbied for these save Our stages Act. It's a $15 billion grant program run by the small Business Administration, which means that we will be able to use the money to pay off all the bills that we've been accruing since the beginning of the pandemic and March. Previous relief efforts, like the Payroll protection program focused on employees. But with those employees furloughed the bills hanging overhead for venues, Irv now rent utilities insurance. The amount of money of businesses eligible four will be based on its 2019 revenue with a $10 million cap. There are also other protections in place to prevent large companies from taking advantage the way some did with the P P p must be independent, meaning that you're not part of a publicly traded company. You can't have Operations and more than 10 states, and you can't be in more than one country. Access to the money will also be teared. So it benefits businesses that have been hit hardest, says Senator Amy Klobuchar in the first two weeks, venues that have lost over 90% of their revenue from the year before I get to go first, and then then the second two weeks it goes down to over 70% call. Bashar, a Democrat, introduced the Save Our Stages Act over the summer, along with Republican Senator John Cornyn. She said. It was important that this was a bipartisan effort because a wide range of venues need help, and we kept the coalition together. That's what was so key from beginning to end and all of this because of a grassroots effort from a group that really hadn't worked together before. My performance venues, museums, movie theaters comedy clubs punish a reef is the artistic director of the Repertory Theater of ST Louis. Basically, anyone who sells tickets for Performing artists or live events. Commercial and non profit are eligible for some relief in this grants to the math works out slightly differently for nonprofits like the Repertory Theater. It's Grant would be based on last year's ticket sales and doesn't take into account foundation support donations and contributions..