Cassidy hutchinson gets tonights last word. The 11th hour with Stephanie Ruhle starts right now. Tonight, the scathing ruling from a new york judge, saying that donald trump repeatedly committed acts of fraud, and that his Financial Statements were based in a Fantasy World, and the clock is ticking on a potential government shutdown. What is at stake as negotiations continue, blah, senator bob menendez back on the hill has more democrats are calling for his resignation. Then looking ahead to tomorrows gop debate and new concerns over spreading misinformation, as the 11th hour gets underway on this tuesday night. Good evening once again, i am Stephanie Ruhle, live at Msnbc Headquarters here in new york city. We begin this evenings broadcast with a major legal blow for one donald j trump. A judge here in new york ruled that he committed fraud and lied about his net worth for many years. The decision comes as part of new York Attorney general tish jamess 250 Million Dollar lawsuit against trump and his company. The judge found trump, quote, repeatedly submitted fraudulent financial documents about the value of his assets to banks and other Insurance Companies, and that his Financial Statements were, quote, based in a Fantasy World and not the real world. Earlier tonight New York Times reporter suzanne craig, who has reported extensively on his finances, describe exactly what the judge told Trump Lawyers at the hearing that led to todays ruling. At one point, the judge, i dont even want to paraphrase, it was so good. He was so angry, he started pounding on his desk, looking at the Trump Lawyers and say, you cannot make false statements about the business, that is what this statute prohibits. He was furious. He was just like, shut up. They had all these excuses for why the Financial Statements were essentially worthless. This really means that the civil trial can move forward, and is set to begin next week. Meanwhile, trumps Fighting A Request from special counsel jack smith for a limited gag order in the 2020 election case. But yesterday, trumps lawyers told the court that order would silence him to take away his First Amendment rights. As a former president battles many legal starts, the current President Joe Biden was at the uaw picket line in michigan today, supporting striking autoworkers. My colleague Gabe Gutierrez was there. In a historic visit by u. S. President on the picket line, biden throwing his fullthroated support behind United Auto Workers. You gave up a lot. Now, they are doing critically well. Guess what, you should be doing incredibly well also. President biden and the General Motors plant outside detroit with a uaw, Standing Shoulder to shoulder with Union President shawn fain. It is about the auto workers who are part of the fabric that theyre working across this country. The union as a number of demands, including 40 pay hikes. Today, the president says he supports bargaining for that. Each offering roughly 20 raises. The white house has not been directly involved in the negotiations. Do you think that the president has been as involved as he shouldve been during this whole process . No, i dont. Ford worker tomika alice thinks the president should have acted sooner. I know hes busy and has a schedule, but i do believe because this is very huge and how it can affect the economy, that he should have been a little bit more involved. Tomorrow, donald trump will skip at the gop primary debate. He will head to michigan to speak to workers at the auto supplier. We have a lot to cover, so lets gets the smarter with our lead off panel tonight. Sam stein is here, a veteran journalist and white house editor for politico. For more u. S. Attorney joyce vance, whos spent 25 years as a federal prosecutor, and tim obrien, who wrote the book on donald trump, trump nation, the art of being the donald, and he is that the Opinion Editor at bloomberg. Tim, you know that i am starting with you. How damaging is this ruling for donald trump and the image of the selfmade billionaire . Damaging in a number of ways. Its damaging in terms of his own personal family legacy. The trump family was born and bred and the new york metropolitan area. He always prided himself on being a new yorker. He inherited most of his wealth early on from his file is there, and a rooted that were in new york. And this ruling its essentially, if they dont successfully appeal it, and the ruling stands, its a Death Sentence for most if not all of the businesses that he operates in new york. The judges have revoked at their certificates of operation. Most of Donald Trumps wealth is concentrated in a handful of small buildings. He talks about the Speaking Tours and the licensing, but the reality is, most of his wealth was tied up and about five buildings, and most of those were in new york, so it is essentially going to force them to start to scratch, not to liquidate the holdings, southern to people who know that there is a fire sale, because he is selling them under duress, and there is a substantial Fine Associated with. This also prohibits the children, prohibits the two sons from Operating Business in new york again. Trump had a long series of scams behind them, should have gotten them we know already about all of the things that their chair had forbidden from Operating Charities and the state of new york. All of the children, for ten years, they cannot sit on charity boards, but but then there is trump university. There is a laundry list of failed and fraudulent businesses that we know of. Along with the ridiculous stuff, trump mattresses, trump ties, trump water, you name it, but that is not where most of his money was tied up in. So its not a death blow to his entire business, but it is a death blow to the linchpin of his business based in new york. Its embarrassing, and i think it is the combination of decades of Miss Dealings that have finally caught up with him. Its obviously humiliating, but behind image, joyce, because you can always twist a story to your likeness, i want you to break down the consequences legally for donald trump. The legal consequences are severe. I think, steph, we have to acknowledge that trump will obviously appeal the judges decision here, how a three judge panel will look at it, we dont know. But this is an investigation Letitia James put together over years. It was not a flyby witch hunt like trump already suggested on social media. This was millions of pages of documents, this was talking meticulously to witnesses, and putting together this narrative about persistent pattern of fraud and under and over about over evaluation. The case appears to be one that are very strong, and the consequences for trump come to the forefront with damages that will be assessed and a trial that starts on monday. But the meat of the remedy here under the martin act is that he loses the corporate licenses, the certificates that is required by new york law to file in order to do business in new york. You know, the District Attorney here had arrived to the states Attorney General here had long tentacles. She took action last year when trump tried to create a parallel Corporate Structure in delaware to bring all of the assets that the trump entities in new york under her jurisdictions so that she could not siphon anything off. Here, we have reason to believe that she will continue to be vigilant about protecting the hardfought victory that she has won tonight. I just want to remind our audience, for people who say that this is just a big business, this does not have to do with me or he is a performer, issue border, maybe an exaggerated, here is why it matters. When he is over valuings assets, he is doing, he is lying to banks and Insurance Companies to get himself better terms so that he can get bigger loans, or he lies in other instances so that he can pay less taxes. If you think it does not have anything to do with you, it does, because you dont get to do that in your personal life, in your professional life, its not an option. The irs will come knocking. I want you to talk, sam, about tish james here. She says that she is looking forward to presenting the rest her case at trial. What is at stake for her . A lot, obviously. Reputationally she has put her career, almost, on this case. Shes obviously being targeted with an aggression and ruling by the judge was mentally appeal, but a notch one for her. Going forward, she has dabbled with Higher Office ambitions, possibly could catapult her to those types of conversations. In the interim, this is the stuff that will be hovering around the 2024 campaign and it gets at the fundamentals, elemental part of trumps biography. Remember, when he ran in 2016, it was decades of being a premier businessman with a show to boot about making money. What she is essentially doing in the case is dismantling that image, piece by piece. Now, trump has changed the image, and now his business is not real estate really, is politics. And he is turning this around on her, but one part of his biography is really being put under the microscope by her and her investigators. So far, it looked pretty well for trump. I want to stick with this notion of a premier businessman, tim, because one response from a trump spokesperson was the following. It is important to remember that the Trump Organization is an american success story. I am taking a deep breath here tim obrien, because a success story. If Donald John Trump just held on to the real state that he inherited from his father, he would actually be the Multi Billionaire He Claims to be. Instead, this man bankrupted his company multiple, multiple times. He guided everything, essentially everything he made in new york city. If you cannot make money running a casino, its hard to qualify yourself as a great businessman. There are few people that open that Cash Register door and take the money out in a casino and i also think it is charming and a little bit ironic that elina hava of all peoples talking about what a great businessman he is, when she built up her own Legal Practice around him from advising small Real Estate Firms in new jersey, including a parking lot company. Hes not an absolute observer of what makes for largescale corporate successor in the United States. Donald trump as a Self Promoter is an unmitigated success. Donald trump is a marketing wizard success. Donald trump is a hands on business operator, who creates a value for shareholders or long Term Employment for thousands and thousands of employees, hes not. Donald trump is a man born on third base and spent his life telling everyone he hit a triple. Had he not been born into a wealthy family, you not have been insulated from his business and legal mistakes, and he might have been just a but no, but for the fact that fred trumps money insulated him from a financial downfall, from a financial comeuppance for decades. Joyce, you set a moment ago, trump does plan to appeal the ruling, but that is not all. He is also suing the judge. Given both of those things, this is hard one to start next week as planned . I think its likely that we will see the pieces fall into place for this trial to go forward. A delay of a few days or a week wont be significant here. What matters at this point is that the judge has entered a motion for summary judgment. That means that there are no material, factual issues in dispute for a jury to decide, so the judge has gone ahead and and third judgment that amounts to a corporate Death Penalty in the state of new york. What is left that trial is a determination on some additional issues of the Premiere Assessment of damages. That can go forward a pace. Sam, i am giving you the last question and the hardest question, because youve covered donald trump and his universe for years. The judge also sanctioned his lawyers from Making Arguments that the judge already rejected saying, are you kidding me, youre wasting your time. Each have to pay 7500 bucks. Im not saying that is a ton of money for them, but doesnt it raise the question, yet again, why would a respectable lawyer want to represent him . There is a saying that Trump Lawyers are not lawyers, and that is true. A lot of them found themselves in real dire straits, none more than perhaps rudy giuliani. Yeah, its a remarkable thing that people continue to saddle up with trump, knowing the history of being a legal representative for him. Its not just that you get sanctioned, but he has a document history of not essentially paying his legal bills. More recent lawyers demanded money in order to join to case, that was not a smart idea. Being in that universe of being a parking lot Real Estate Lawyer and being elevated to a president ial campaign spokesperson, it can draw a lot of people. But its true that a lot of people will refuse to work for him knowing they say that comes with him. That is a factoid that amazes me every time i hear it. Just imagine, you are a trump appointed attorney, and you are asked the former president of the United States of america to represent him, and your response, sure, dude, but you have to pay me upfront. Its amazing. As long as i know you, at the end of the day. Its amazing. You have to pay cash upfront. Sam stein, tim obrien and the fabulous joyce vance, thank you for starting us off this evening. When we come back, a very serious conversation. What is at stake in the shutdown fight . A look at proposals from republicans, what could be cut, and how it could impact people all around this country. We will break it down with reed galen, who is in the house with robert gibbs. And later, famed author Walter Isaacson is here to talk elon musk, amid all the recent controversy surrounding the richest man in the world, twitter, tesla and space were not enough, we are going to throw ukraine into the mix. When the 11th hour is just getting underway on a busy tuesday, yes, its only tuesday. Tuesday. Please, please listen to this, it matters. There is still no deal to fund the government. The senate just introduced the bipartisan bill to keep things open until mid november, but speaker Kevin Mccarthy is under a lot of pressure from some of the most radical conservatives in congress. Now, republicans are working on a long term funding bill and a continuing resolution. Those proposals include some really deep cuts that i want to know, potentially, slashing asing subsidies for the poor by 32 , 1 million low income others and kids will be kicked off food support, and 70 come to Heating Assistance for struggling families. And 80 reduction in funding for Public Schools that are serving the poor students. Anyone out there who wants to tell you, oh, my gosh, if the government shuts down, this is about the zoo and museums getting close for a little while. No, it is not. It is about children, food and shelter for the poorest americans. Meanwhile, on the senate side, more democrats are calling for a senator bob menendez to resign after his indictment, including his dear friend new jersey senator cory booker. Many said that was his ride or die. Joining me now, reed galen is here in person, cofounder of the lincoln project. He also worked on a number of gop campaigns with robert gibbs, former a bomb a Senior Campaign adviser and White House Press secretary. He is also one of the cohost of the hacks on tech podcast. Reed geed, is this the best republicans who can bring to the table to close this that sign said that they keep the government open . I dont know if they really want to. They being whom . The republicans. We talked about this what the defines conservative. Now, its the 20 or so members, were Kevin Mccarthy who made a deal with these people to become speaker say that i dont know what they want. I think they just want to break the whole place down. Now hes learning this. But conservative in your matt gaetz and Lauren Boebert and Marjorie Taylor greene. Also think about mcconnell cut a deal with that the republicans and democrats in the senate to get things done. Why . He even told us that Government Shutdowns were out bad for republicans, all the time. All the things that you listed, how good are those things for voters . How good are those things for people who Republicans Claim will help. We think about all of this pluralistic america that we have, the truth this, there is still more downscale