Transcripts For FOXNEWSW Americas 20240703 : vimarsana.com

FOXNEWSW Americas July 3, 2024

And more in some cases. But whatever i can do to help with regard to speaker. Im also leading biden by a lot. If i wasnt i wouldnt have trials like this. Thank you very much. How is melania, mr. President . You are going through a lot. Bill there you go, last question about the former first lady, right . Martha we were talking as he came out. I hope someone asks him about the speaker question because his name gets getting floated for that. I would say based on the comments he made they should take him off that list. He is focused on running for president. 40 to 50 points ahead. I dont know why anybody wants to run into the buzz saw of Speaker Of The House. Not a productive place to be at the moment. He kind of brushed that idea off. Bill martha maccallum, bill hemmer. Andy mccarthy joins us now. Former u. S. District attorney. You wrote this week with trump already found guilty his new york fraud trial begins. You say the Boll Show Vick Block of the Democratic Party is having its Fantasy Prosecution of donald trump play out in real life. Take it from there. Well, i think what were seeing now is mainly political theater because what makes a trial a trial, and what gives a legal proceeding prestige and decorum is the idea that the judge is projecting scrupulousness, that the proceeding is going to be fair and well see what the outcome is at the end. Trump is told on the eve of trial that he has lost and what the next 2 to 3 months are about is how much Letitia James, the attorney general of new york state, will be able to run up the score in terms of whether she will be able to get a 250 million disgeorgement penalty against trump. He doesnt really have any incentive to behave himself and treat it like its a legal proceeding because in every important way it is now politics. I think legally where he is at at this point, that will be up to the Appeals Courts later on based on whatever legal points he can raise at that time. His immediate need is the electoral calendar and the fact that this proceeding is being used to damage him politically so he is fighting it like a political fight rather than a legal one. Martha every time Letitia James comes out she talks about powerful and rich but not about the fact that anybody was wronged in this case. So when you go to get loans from banks and you have deals with Insurance Companies, you say its worth x and they say it is worth y and you have this back and forth. These banks and Insurance Companies dont walk into these deals and gee whatever you say its worth well believe you. They have to do their own fiduciary responsibility to their investors. Does this case a, does it make any sense to you first of all . And then another question about the judge. Well, it makes sense to me, martha, in this sense. I dont think it is right for people to embellish the value of their assets even if there are fail saves in the transaction where you would expect the other side to do its own due diligence. That doesnt make it right for me, if they can prove this, to intentionally exaggerate. Martha i put my house on the market and say its worth 1 hundred thousand. The buyer says its worth 70,000 and we find somewhere in the middle where we meet. There is some subjectivity to this question, no . Martha, when i was in the u. S. Attorneys office years ago i did accounting fraud cases and really taken aback by how different it is from the normal criminal case. Criminal statutes have to be like Black And White so that the average person knows what the crime is and is on notice about that. But when you get to these accounting cases where it is generally accepted Accounting Principles there is more gray area than anything like Black And White. Even if you read the judges opinion in this case where he is saying that trump exaggerated, you know, some of his assets by 300 and 4 hundred hundred and 500 he says the auditors or appraisers say its worth 114 and 220 million. There is a lot of room between those two amounts. If thats what an Appraiser Idea of exactty toot is. The fail safe is the other side knows its bread and butter is it has to appraise and do its own due diligence. Bill the banks did business with him because though knew they would get paid back. Washington post writes this. Does the new york fraud against trump go too far . Not allowing trump to evade responsibility civil or criminal for his behavior but also entails not treating trump more harshly than any re anyone else in similar circumstances and i worry thats what is happening here. How possible is that line of logic there . I think its entirely logical and goes to the point that martha was just making. What i wanted to say in conclusion with respect to that is that the issue here isnt that its a good thing to exaggerate your assets knowingly. It is what should be the penalty for that . It is a tentative western law that the punishment is supposed to fit the crime. And if you want to tell me that trump should get fined a couple Million Dollars for e acknowledge rating his assets i wouldnt have a problem. If you want to tell me they should ruin a 2 to 300 billion Reals State Empire and regards as an Iconic Business Before Trump became a political enemy of democrats and now they are trying to ruin this guy over this . I think thats way, way out of whack. Martha just want to sneak in one more questions. Judge engoron said that Letitia James should bring the case against trump because he is just a bad guy. Thats what you do against you try to get the bad guys in her position. How does that not prejudice this judge in this case . Well, i think it does, martha. The problem is in new york, you have an elected judicial system. You have an elected District Attorney who ran for office telling constituents she was going to use her power against trump and you have elected judges who get to be elected judges because they are loyal democrats for years and then they get put on a slate of candidates where they get elected basically without opposition. And they call that a judicial system. So when that is the premise of the system, it is hard for any individual act of abuse or out rage to be that out of whack with everything else. I think the whole system is rigged. Martha then you have to count on the integrity of the people in it. They do have that political advantage. They have to be bend over backwards to be fair. Bill i think you nailed it, andy. If the judge found him guilty whats the appropriate penalty . Your last line. As the Rolling Stones say go ahead and bite the big apple, dont mind the maggots. Andy, well talk tomorrow. Thank you for your time. Martha the case everybody is watching. Jury selection is continuing in the fraud trial of ftx founder Sam Bankmanfried. Prosecutors gearing up to follow the money or the bitcoin wherever it goes trying to Connect The Dots between top democratic donors and the dnc. Thats part of this case. Kelly ogrady is live covering it for us in new york city. Hi, kelly. Hi, good to see you, martha. Ftx played out public liang on social media. How ftx used customer funds. They donated 40 million to democrats and seen as a straw man for further democratic donations to funnel over 24 million to republicans. I will highlight only george soros gave more to liberal politicians in the midterms than Sam Bankmanfried and a new book out profiling him reportedly the crypto king sought to fund Midterm Senate candidates to beat out those aligned with trump and even considered paying trump directly to sit out the 2020 election. Prosecutors will allegedly use that funneling of money as evidence to bolster their fraud charges. We expect a slew of communications, Text Messages and money trail that will help Connect The Dots to d. C. Back to you. Martha thank you, kelly ogrady in manhattan. The days of just top down leadership in washington i believe those days are over. But this is not going to be the prettiest picture for everybody to see. The republic as it stands is what will flourish going forward. Bill Byron Donalds spoke with us last hour. Kevin mccarthy is out of a job as speaker leaving the path for his replacement wide open. Right now republicans plan to hold a closed Candidate Forum five days from now. Next tuesday with a possible floor vote maybe on wednesday of next week. Whoever they choose they need backing from some of those eight republicans who voted to oust mccarthy. They did so with the unanimous support of democrats. What a team. Griff jenkins tracking it all every twist and turn looks ahead now at what we expect to happen next there. Griff, good morning to you on the hill. Good morning, bill. Those twists and turns are puzzling those of us up on capitol hill because just seconds ago behind me in this position just off the house floor the speaker mchenry walked behind us with press saying what are you doing here . Unclear what he is doing other than occupying speaker mccarthys Vacant Office and trying to meet. Because the house is in recess. Most members have gone home. Were in uncharted territory here unclear about exactly whats happening and what mchenry may be doing. Shortly after getting the boot Kevin Mccarthy taking to the microphones saying he has no regrets about what happened. Watch. Doing the right thing isnt always easy but it is necessary. I dont regret standing up for choosing government over grievance. It is my responsibility, it is my job. I do not regret negotiating. Our government is designed to find compromise. He says he wont run for speaker again. Here are the people that bounced him. You break it, you buy it. These eight now own it. They were led by matt gaetz in that effort rebellion. A little bit of what he had to say. Im not here to make a judgment on where mr. Scalise stands with his rehabilitation and recovery. He would be the type of person i could see myself supporting. Many people i could see myself supporting. Tom emmer, mike johnson of louisiana, Jody Arrington of texas and kevin hearn of oklahoma. The only thing that is clear were in for a period of deep division among the gop. You are looking at scalise that was mentioned. Perhaps the frontrunner along with tom emmer, Alease Stephanopoulos and johnson and jordan on that list. Well find out what is happening. The real challenge, whoever they end up choosing, bill, is that there is a November 17th Deadline for the government to run out of money again and it is highly unclear that there would be anything different this go around and with that oneman trigger to oust power. Things are very much in uncharted territory as you mentioned before, bill. Send it back to you. Bill well read the tea leaves as we go. Back to lower manhattan. The judge has allowed cameras to go back in the courtroom for the third day in a row in the former president s case. We have the shot coming up right now. He wore a red tie or blue tie . Today back to a red tie. Easy to get dressed in the morning with the former president. Bill it looks like the photographer left the courtroom so thats what you are seeing right now. Well rerack it for you. Martha interesting the way theyll doing it. No cameras in the courtroom. Oh just a little camera and aimed right at trump sitting at that table with all his attorneys and then they say okay now were done and you are out of here. Bill a shot of the judge on monday. The president was asked about this whole Speaker Of The House thing. A couple of people have floated his name. As he was going into court today he was asked about that. I believe we got it. Roll it. This is what he said. Ill do whatever it is to help. My focus, my total focus is being president and honestly making America Great again. Were living in a country in decline. Bill i take it thats a no of today and maybe forever. Martha i would think so. See where it goes. Using these opportunities to campaign because all these court dates are keeping him from the campaign trail. So he is getting some of his big points out there as he heads in for another day at work, which is going to court for him on many days. Bill one is time for the iowa caucus and the monday before super tuesday. Martha President Biden is handing out another 9 billion in student debt relief. This is a huge issue for the president. It polls well for him giving people back their student debt money. So he will go at it a second time try to forgive Student Loans on a wide scale. Bill see how it works out. Members of congress and the white house calling on the nba to ban the sale of merchandise made by forced labor in china. Ens cantor freedom has been part of this story for a long time. He is coming up. My most important kitchen tool . My brain. So i choose new neuriva ultra. Unlike some others, it supports 7 brain health indicators, including Mental Alertness from one serving. To help keep me sharp. Try new neuriva ultra. Think bigger. With the freestyle libre 2 system, know your Glucose Level and where its headed. No fingersticks needed. Manage your diabetes with more confidence. Freestyle libre 2. Try it for free at freestylelibre. Us that first time you take a step back. I made that. 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And, if youre eligible, and theres a plan in your area, help you enroll over the phone. Call today and well also send this free guide. Humana. A more human way to healthcare. Bill the Third Straight day the judge allowed a camera to come into the courtroom and the video we missed a moment ago. The president sitting there with his counsel who comes on fox freq frequently. I dont know if Letitia James is there today. Martha is that her on the left . Bill points from maccallum. I dont know if well see the judge. We did on monday. Not so sure we did yesterday. And if thats the case im left the question why . Thats not conclusive. Lets give it a moment. Well give it a beat and see whether or not the photographer takes in the entire room. Photographers, there is Letitia James as she sits in the same spot where she was on monday at that Point Staring right at the defendant in this case, the former president , donald trump. So that is im just very curious to know. There we go, okay. No one is off limits. Thats what we wanted to establish here. When the cameras come in they can take pictures of anyone inside that courtroom and just wanted to share that with you. All right, 22 past now. Biden administration approving yet another 9 billion for Student Loan Relief as the president marks a second push for widespread debt cancellation. Edward lawrence, fox business, watching this from the white house, here we go again, edward, good morning. What were seeing is really a Public Relations campaign. The white house in releasing this trying to reach the Younger Voters which the president is not connecting to according to polls. You mentioned 9 billion has been announced to be released or forgiven under student debt changes that have already been made to those plans. Making the total forgiveness at 127 billion. Sounds like a big

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