Trump and Elon Clash Again, Paramount Settles, and the Fate of the “Big Beautiful Bill”

Um, we're also gonna talk about Paramount's settling with Trump, and Trump's latest target, New York City mayoral candidate, uh, Zohran Mamdani, uh, who did spectacularly well now that the results are in.

But first, so President Trump is hitting back at Elon Musk after days of Elon railing against Trump's Big Beautiful Bill, which just passed the Senate.

Trump took aim at the government subsidies that Elon's companies receive and said the country would save a fortune without them.

He also threatened to sic Doge on Elon and said it would, quote, "take a look at deporting, uh, Elon" when asked about that.

Uh, he also said Doge would eat Elon for some reason, I'm not sure why.

After those comments, Elon said it was so tempting to escalate, but he would re- refrain for now.

And I (laughs) I had predicted that he was gonna slap back over this bill, because he, he really, I, I know him pretty well in, previously, and this would bother him.

He's been ramping up the rhetoric, posting on X that Republicans who vote for the bill will, quote, "lose their primary next year if it's the last thing I do on this earth." Okay.

And after declaring that we live in a one-party country, the Porky Pig Party, Elon renews his calls to form a third party, the America Party, if the bill passes.

So we're gonna talk about the bill in a moment.

Let's start with the return of the feud.

Now, I am not surprised Elon erupted like this.

I said he would when he did his first eruption and then apologized.

But Tesla shares took a tumble on Tuesday, falling 5%.

And this just came in, Tesla's global car sales fell sharply in the second quarter.

Now he's expressing regret over his chainsaw stunt, saying it w- it lacked empathy, you think? Um, so, look, he's threatening this third party.

Let's start with this.

You have some brand new polling on third parties in the United States, which has been tried and tried again, although it has happened in the United States several times.

Yeah, polling, uh, on this really shows that a lot of Americans don't think that the two existing political parties are meeting their needs, but there's really not a lot of consensus about what a third party would look like.

And the bad news for Elon Musk is that this kind of libertarian type viewpoint is most likely not where you would find a real viable third party spring up.

Um, so I've been doing, uh, research at my firm for the last number of years, where what we do is we ask people, "Do you think of yourself as liberal or conservative?" But then we also ask them a bunch of issue questions to get their sense of, you know, are you picking the conservative position on 10 out of 10 economic issues or 10 out of 10 social issues? And then we kind of plot everybody out on a chart and we see where do people fall.

And only 11% of voters are strong conservatives, right? They're picking the right wing position on almost everything.

And only 13% of Americans pick the strong liberal position on everything.

There's a lot of people that choose a little from column A, a little from column B.

The problem for the libertarians...... is only about 5% of people tend to choose a bunch of liberal social positions and a bunch of conservative fiscal positions.