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Velshi

A $10 billion lawsuit, another trade war price hike, and a “much less scary” socialist

Velshi

MSNBC

Msnbc, Politics, Weekend News, Ali Velshi, Government, News, News Commentary

4.8687 Ratings

🗓️ 19 July 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

What we can gather about President Trump’s lawsuit against the Wall Street Journal based on who’s named in the suit; how Trump’s trade wars are driving up healthcare costs; and what the self-declared democratic socialist running for NYC mayor said to a roomful of business executives to cause them to say he is ‘much less scary’ than they previously imagined

Transcript

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0:00.0

It is Saturday, July 19th.

0:09.0

Donald Trump once said he could shoot someone in the middle of Fifth Avenue and not lose support from his voters.

0:13.5

And over the past decade, he's managed to survive numerous scandals that would have ended other politicians' careers.

0:20.1

But the ongoing fallout from his

0:21.9

administration's handling of the Epstein files is the rare story that Trump has not been able to

0:27.3

control. Right-wing media figures who are usually pretty Trump-friendly have rejected his talking

0:32.2

points, and so of many of his supporters. The scandal has dragged on for weeks now, and Trump's

0:37.3

incoherent

0:38.0

and inconsistent responses have inspired a revolt among his base that threatens to weaken

0:43.3

his grip on the Republican Party and to unravel his coalition. Last night, Donald Trump

0:48.1

filed a lawsuit against the publishers of the Wall Street Journal, including the media

0:51.6

mogul Rupert Murdoch and two of the papers reporters.

0:54.9

The president is accusing them of libel and seeking $10 billion in damages.

1:00.2

That's the latest in his assault on journalistic institutions that publish unfavorable stories about him.

1:05.2

The lawsuit was filed less than 24 hours after the journal reported that it had reviewed documents that included

1:12.9

what it called a body letter that Donald Trump had allegedly written to Jeffrey Epstein,

1:18.0

the late financier and convicted sex offender who was once friends with the president.

1:23.1

NBC News has not independently reviewed these documents, but Trump denies that he wrote the letter.

1:28.8

In a statement, he called it, quote, a fake thing. And he referred to the article as, quote,

1:33.4

a fake Wall Street Journal story. But the public pressure to disclose more files related to the

1:38.8

Epstein investigation appears to be forcing Trump's hand, because last night, the Justice Department filed a motion

1:45.4

to unseal the grand jury transcripts in Epstein's case in New York. That came one day after Trump

...

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