good to be with you. i'm katy tur. quite literally as we are speaking right now, jerome powell is announcing another rate hike. once the words come out of his mouth, we will relay them to you. it will be the seventh this year. the good news is that the hike is expected to be smaller. a half point increase instead of three quarters of a point.

and so it would be another indication that inflation is starting to ease and that the fed can start easing back as well. emphasis on start, as we are still a long way off from jerome powell's stated goal of 2% inflation. so joining me now is nbc's tom costello, and the host of "full disclosure" robin farasad, he would have been here before. tom i can see you're looking to see what the rate hike is. >> we have it. breaking news. the fed is hiking rates by another half point, 50 basis points, as they say on wall street, half a point, that is the seventh rate hike so far this year. we've already had four three-quarter rate hikes, four, that's a lot and a quick acceleration on the interest rate picture in this country as the fed tries to get the 40-year high inflation under control. and instead of raising by another three quarters of a percent, they raised by half a

point, that is suggesting that the fed is seeing signs that inflation is starting to moderate. we've got some inflation data yesterday, as you probably saw, katy, we saw the inflation numbers yesterday were better than expected, running at 7.1% inflation, year over year. and now, that's hot. look at june though. we were at 9.1% in june. that means we were paying 9% more from what we paid a year ago. so now, we're at 7% more than we paid a year ago. and we are still, if you look at the grocery store lately, you know we're paying a lot for groceries, for air fares, for cars, for housing, expensive and improvement especially at the gas pump and if you notice we're paying less than what you paid a year ago. and so, that's because the global economy is slowing, and that means other countries are, right now, consuming, or using less gasoline, and that drives down prices. and that is helping the inflation picture. but it is still a very stubborn

problem. it is not going to be over quickly. the fed is seeing signs that inflation is starting to moderate, and it is now hiking rates by just a quarter, a half point, rather, rather than three quarters of a point, and we expect a quarter point hike next month. it is an incredibly complicated problem the fed has to get through. >> they don't want to overdo it. we're also looking for signs that they are going to hint at what the next rate hike might be. there is some chatter out there that the next one when it comes in february might be the last one for a while. what you are watching for? >> monday night football, are you ready for some rate hike? i mean why is everybody so excited? it's a half a point hike. we've had more than four points of hikes, we started off the year at zero, and as you mentioned, katy, i'm worried about february, it takes some time for the patient to show that the medicine is working and

if they come out with another rate hike in february, more than certainly will, a quarter of a point, they will want to keep it at a certain level, 5 or 5.25%, for a certain time for the economy to feel that burn, feel the pain and sop up some of this money and i don't know why wall street is getting ahead of itself. there are people out there who are romancing a rate cutting cycle. we still have significant inflation, as you started off the show by saying, it is an enormous chasm and it will take a lot of monetary tightening. even keeping the rate up there, for a large part of 2023, who knows if it is going into 2024, for the economy, to try to get back some of that momentum. >> let's look at the inflation number, the cpi numbers are not great, and tom, you were talking about how has prices are lower, a lot of the inflation number, correct me if i'm wrong, were pulled down by gas prices being a lot lower. when you look at groceries, especially heads of lettuce, romaine lettuce, a lot higher.

it is still very painful, tom, to work in a grocery store right now. >> absolutely. butter. you name. it listen, i was at a restaurant, this has happened to me a lot, because i travel, i was at a restaurant at the airport yesterday in charleston, south carolina, and my burger cost $19. $19 for a burger. listen, that's not unusual. i'm not picking on that restaurant. it is happening across the country. because inflation is sky rocketing. now, to his point, to roben's point about where we are on inflation, 7.1%, the fed's goal, the target, as he suggested, is 2%. but you got a lot of work to bring inflation down from 7% now down to 2%, and the fed really only has one good tool, it's a sledgehammer, all it can really do is keep banging away, pounding away at this problem by hiking interest rates. and now you really want to make this challenging? ideally the fed wants to seat unemployment rate rise and you think what? why would you want to see the

unemployment rate rise? we're at 50-year lows. because we have such a tight labor market, there are so few people out there that are available to work, right, we have more jobs than workers, that's driving up wages, you drive up wages, you drive up inflation, and the cycle continues, and continues and continues. it's a terrible predicament they're in, to slow the economy, to get inflation under control, and you've got to drive down hopefully, drive down the jobs numbers and that essentially means you drive up the unemployment rate. yes, it's complicated stuff. >> it's an ugly truth. talk about your hamburger tom, just for a second. >> ten t-wasn't that good, either. >> sorry. not just the meat though. i was listening to an interview with a restaurant owner who was talking about, he wants to serve a burger, and part of the biggest problem is the romaine lettuce, a crate used to cost $20 to $30 and now $100. so just putting some romaine on

the burger means the burger price is going to rise. that's how bad it is. let's talk about gdp predictions. what are you watching out for, for that, and what will that say about the strength of the economy, and what jerome powell might do in the future as well? >> the economy is still managing to grow. and i agree with tom. the fed is not going to come out and say you getter get your unemployment up or else. but it's going to brow-beat in that direction. there is an implicit trade-off between full employment and moderate prices, and we have arguably more than full employment right now, and immoderate prices, so yes, they would gladly take a trade of 4% unemployment for 4% inflation and hopefully for inflation to trend down to 2%. i'm amazed at this economy, it's got depth, it's got verb, it's got lots of pockets of cash left over from stimulus or whatever we're saving from working at home in our sweat pants or not commuting as much or getting on planes and buying $19 burger, i

don't know about you, but i still, you know, i two to mcdonald's and get an $8 special if i'm craving a burger, or if i don't get ice berg, or row tain lettuce, i have iceberg or ramen noodles. i'm patriotic that way. there is so much depping. and the market is spooep speaking to. that these are 15-year highs for interest rates and we had 15 years of low interest rate policy and there is a price to pay for that and at some point the bill comes due and you either take it in a lump sum payment of a massive economic collapse which we averted in 2020 and averted in 2009 and you kind of have to amortize the pain of inflation over a longer cycle. we're paying for this in a really painful installment plan. >> could i just make a quick point. >> tom, go ahead. >> i was just going to make the point, listen, we are still the strongest economy in the world. and that's why everybody is

looking at the fact that we keep hiking interest rates, yet the economy is so strong, unemployment is so low, we are fall stronger than anything in europe and anything than asia, and china is struggling to get its act together, right? the u.k. is in serious malaise right now. the european union is struggling. russia is a basket case. i mean we are the strongest economy in the world, with the depth and the breadth that everybody else in the world envies, and that is why we've got lower inflation in much of the world, stronger growth, low unemployment, and we continue to pump it out. >> last question to you. >> one of the traders i spoke to on wall street called us the least dirty shirt in the hamp per when you're out of laundry. >> i'm going to pull back. >> i'm sorry, it is a little bit of comfort. and yes i would like an in and out burger, katy, if you could bring the two two coasts together, but that is neither here nor there. >> a soft landing, is it possible?

>> i think it is increasingly possible, but the longer we keep rates at 5%, which is a pain point for this economy historically, and the longer people feel that in mortgages and the lack of loans for cars and other things, the less likely that we have this fabled soft landing. >> gentlemen, thank you very much. and moving on to capitol hill, where we have some good news to report, it looks like one of the biggest headaches of this lame duck session can finally be put to bed. house and senate lawmakers on both sides have agreed to a framework for a massive $1.7 trillion funding package to stave off a looming government shutdown. now time running out, they just have to assemble it and vote. mitch mcconnell has warned senators to wrap it up by december 22 or else he will only accept a short-term funding plan into early next year. and speaking of next year, there is still no consensus on who will be the next speaker of the house. three weeks out, kevin mccarthy

still does not have the votes he needs to take the gavel. joining me to understand this, and government funding, is none other than my friend, jake sherman, founder of punchbowl news and an msnbc political contributor. it is almost that time year ago, that we will get to -- leave it aside, we will talk about government funding. >> we need to be out of here at the end of the year to resume an annual tradition. here is the deal, kat. why the the senate and house, they have a deal on a nearly $1.7 trillion bill that is going to fund the government through the end of next september. that's the fulfill year. now, getting that through this institution by next thursday is going to be a herculean lift. because remember, any single senator, any one senator, can hold up that entire process and force it into the next week.

so i am a bit skeptical that we'll make that deadline, but hope springs eternal i guess for members of congress. more immediately, even more immediately than that, there's, the government runs out of money on friday, december 16th. and they need to get a short-term continuing resolution to extend government funding into next week by friday. they should get it by tomorrow. but again, remember, any single senator can slow down any piece of legislation that they want, and we're getting some signals, i mean the republican from utah today would not tip his hand as to whether we slow it down, ron johnson is also somebody that we're watching who might be able to slow it down, we might have a, might have a desire to slowing it down, he is leading the charge against mitch mcconnell who has recently won another term as majority leader. a lot of moving pieces. but the broad 30,000-foot picture is that this is going to get done before the end of the year. >> the top line that there's a bit of a dispute over fed

spending versus social spending, can you just kind of streamline that for us? >> yes, sure. so republicans want more defense spending. democrats say more nondiscretionary, which is social programs and other domestic spending, to rise at the same level. republicans say, well, no, you did all of this spending this year, we're not going to give you that spending now, because you were able to pass a reconciliation package, a rescue package, all sorts of other things. it's not entirely clear how that has been worked out at this point. if you think about this, a 4,000-page bill, totaling nearly $2 trillion, will be dropped in the next five or so days. and sitting here right now, we don't know any of the details of it. members of congress are going to have a few days to read this bill, and understand what's in it. before they vote on it. so we don't know how that dispute has been worked out but apparently it has. >> kevin mccarthy, what's up with him?

>> kevin mccarthy, a lot is up with him. it's interesting, katy, people are wearing pins today around the capitol that say okay, only kevin, but it is not a great motto, because kevin mccarthy, just okay. and he is working hard to kind of lock up that last, those last couple of votes that he needs. the house republicans are going to go into a meeting in the next hour or so, to discuss the house rules. the big issue here, the big sticking point, is conservatives want this mechanism to be able to call a snap referendum vote on the speakership at any time. nancy pelosi peeled back that process when she became speaker. conservatives want to restore it to allow them to try to boot mccarthy at any point. mccarthy in my view, sitting here today, is going to have to relent ton in some way. but as we look over the next two years, katy, that is going to be a very, very difficult thing for mccarthy to deal with. that will mean that somebody could just say i don't like kevin mccarthy today. and they'll be able to go to the

floor, either by themselves, or depending what kevin mccarthy decides with a bunch of other members of congress and call that vet and potentially boot him from the speakership. so that is, we are in dangerous territory, the things that kevz has to do to become speaker will eventually hamper him if he becomes speaker. >> and can it just be, as only republicans that are allowed to do that? i heard some talk the republicans were trying to, the democrats could do that, and imperil his speakership? >> mccarthy told me, that, too a couple of days ago. he said if you allow anyone to do with, eric swal swel, a california democrat, would do mccarthy, a frosty relationship to say the least, could do that also. anyone would do it. right now, the rule is only a member of the leadership can do it, at the behest of the majority of the party. the majority of the house republicans or the majority of house democrats. the rule used to be that anyone would do it but it was not used very often. so conservatives are trying to get it back to where it was in the pre-pelosi era. kevin mccarthy is trying to hold out and say he doesn't want it.

they will have to meet in the middle. maybe there is a threshold that you need 20 signatures or you need a third of the conference, it's unclear how they're going to do it but what is clear to me, mccarthy doesn't agree with this, what is clear to me, he will have to move on this in some sway, shape or form. >> a vote of no confidence. can you quickly tell me, mcconnell, is he okay? >> he is fighting as leader, and he is a-okay. just like those buttons for kevin mccarthy. >> like kevin mccarthy. >> okay. only okay. ok. >> jake sherman, thank you very much. make sure this gets done because we have stuff to do. coming up, elon musk, what just happened to elon musk's net worth? plus two survivors of the club q shootings testified on capitol hill. what they told lawmakers who accused them of grooming. first up, the attorney who called ftx one of the biggest financial frauds in history and one senator argues regulating

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sam bankman-fried was denied bail today by a judge in the bahamas who called him a flight risk. in washington, his indictment is being used to call for more regulation on cryptocurrency. joining me now is nbc news investigative correspondent tom winter and nbc news capitol hill correspondent ryan nobles. so tom, when should we expect him to be extradited here to the united states? >> well, his next hearing in the bahamas is in february, katy, and i looked back to the treaty that goes back to 1990, put in between the two countries, between the bahamas and the u.s. in 1994, it is clear to me that there are very few exceptions for an extradition not to take place between either country, so i think he is probably going to have a very difficult chance here of fighting extradition successfully in the bahamas. he is in custody. he is in jail until that

hearing. and then if there is an extradition that's ordered by the judge, what the u.s. will typically do, and sometimes they use the d.e.a. plane to kind of, i heard the u.s. attorney, used to picking up people abroad and bring them back here to face trial and likely flown back to new york to an airport there and likely in court that day or the following day. so i anticipate his arrival here sometime in february. but you never know what happens. >> just to clarify, and i know he was indicted here in the united states, what was he arrested on in the bahamas? >> he was arrested on a u.s. indictment and a request for extradition and a valid u.s. arrest warrant, yes, signed by a district judge here. >> ryan, let's talk about this hearing that we saw on capitol hill. the senate banking hearing, elizabeth warren, i believe, is the chair of it, she is calling on more regulations, bipartisan legislation, what is she proposing, and who signed off? >> well, she's had a wide range

of lawmakers from both sides of the aisle that want to be a part of this, and this is kind of an ongoing discussion on capitol hill, that's really been sped up by the ftx scandal. and they want specific oversight over the crypto industry in particular, to prevent not only something like this from happening, but also to bring some sort of normalcy to the market. right now, it's, you know, it can largely be a speculative market, not based in everything, and that's part of what this legislation would solve, but you know, there really isn't, even though there is bipartisan sign-on, there isn't bipartisan sign-on, they don't really have momentum specifically behind this piece of legislation, in many respects, both sides have been kind of talking past each other when it comes to these negotiations, and of course, we're running up against the end of the legislative calendar here in 2022. this is likely a conversation that is going to extend into 2023, and beyond. but there's no doubt, something that was really kind of a back burner issue here on capitol hill, for quite some time, is now been pushed, at least closer to the front, with everything that's happened with ftx. >> we're seeing and hearing

right now, and you might recognize that case, that is the actor ben mckenzie, famous from the oc, and outspoken on cryptocurrency when other celebrities were cashing in, in super bowl ads, taking god knows who knows how much money to hawk this stuff and he is saying it is a big scam and don't get involved. we also saw one of the guys from shark tank testify. what did kevin owe lerry say? >> mckenzie has been sounding the alarm for cryptocurrency for some time and the debate is what we saw here with ftx, a problem unto itself, or if it is a symptom of a much larger problem, with cryptocurrencies. and that's the argument mckenzie is making, that this was bound to happen, because the industry is so unregulated, and you know, it's difficult to track and a lot of people could lose a lot of money. now kevin o'leary is one of these celebrities that really benefitted, at least at one

point from ftx. he received $15 million from ftx, which was largely then invested in the company and now he claims he has lost it all. o'leary would argue that crypto still has a future and there is still an opportunity for it to be a viable alternative currency. but he says in this individual case, it was a company that was just really mismanaged. take a listen. >> after my accounts were stripped of all of their assets, and all of the accounting and trade information, i couldn't get answers from any of the executives in the firm, so i simply called sam bank moon-fried and said where is the money, sam. he said it had been, access to the servers, he no longer knew. >> and he was a celebrity endorser and claims everything he referred from the company he eventually lost as the company chanced. >> what about an outright ban?

jon tester on "meet the press" over the weekend, saying -- let me play that. >> the problem is if we regulate it and i pointed this out to regulators a week or two ago, if we regulate it, it may give it the ability that people think it's real. >> any chance of that? >> i mean that is one of the conversations, right? and this is part of why this has been so difficult for lawmakers is that we're really in uncharted territory, when it comes to this type of financial market. and they really don't know how to handle it. and at the same time, they're kind of waiting for guidance from the federal agencies, the s.e.c., and others, to try and figure out exactly what the best practices would be. that's why you see lawmakers pushing to this idea of just an outright ban until they can figure it out. the problem with this, katy, the same with tiktok, which is a whole 'nother conversation, that so much of this is already out of the bag, to try and reel it back in, they're still, even despite the fact that cryptocurrencies have been hammered, so many americans still have millions of dollars invested in these forms of currency, to try and undo all of

that, would be very, very difficult. >> ryan nobles, tom winter, gentlemen, thank you very much. coming up, a $1.6 billion defamation suit is forcing the murdoch family to testify under oath. what the suit might mean for the future of fox and for journalism more broadly. but first, 10 years since the shooting at sandy hook elementary school. what congress has done. i was born on the south side of chicago. it has been a long road, but now i'm working for schwab.

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♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ survivors of the club q massacre in colorado springs last month testified before member was house oversight committee today. they called on congress to work harder to stop the anti-lbgtq hate that led to the shooting. five people were killed and 17 others were injured in that attack on november 19th. today, a club bartender who watched his friends get murdered told lawmakers that words matter. especially theirs. >> politicians and activists who accuse lbgtq people of grooming children and being abusers, shame on you. as leaders of our country, it is your obligation to represent all of us, not just the ones you happen to agree with. hate speech turns into hate

action, and actions based on hate almost took my life from me at 25 years old. >> joining me now is nbc news capitol hill correspondent ali vitali. it is important to ask here, we're seeing a head-on shot of him at the hearing. who was there to listen to his words. >> he was speaking in front of a panel of lawmakers, but you saw it in terms of the way that democrats approached their line of questioning and the way that republican members of the committee did, too. so really the way that democrats approached this was not just of a conversation around mass shootings and mass violence, though that was certainly one of the undercurrents, especially palpable today, on the 10-year anniversary of sandy hook, but then the second prong of this, of course, was the rise in hate crime, especially focused against the lbgtq+ community, and so when you had the people testifying about their near death experiences at club q, but also at pulse nightclub, so from several years ago, speaking to this, not just as a recent

moment, but a trend over time, that this community has experienced acts of violence, and democratic lawmakers and witnesses alike, what they did, is they tried to tie this rise in violence to the rise in legislation tailored against this community from republicans. of course, republicans on this committee as a counter said that they would have wanted to see this focus on crime more broadly. but nevertheless, one of the points that advocates have made to me over the course of the last few weeks, as we've been talking about both protections for same-sex community, and also acts of violence like what we saw at club q, is the idea that when you have legislation and rhetoric that dehumanizes a group of people, it can lead to a rise in violence like what we're seeing right now. >> speaking of gun violence and you mentioned it has been ten years since the shooting at sandy hook that killed so many kindergarteners and teachers, what has been done in the 10 years since that happened?

>> katy, look, there has been more legislation in the last ten years that has allowed for safer environments, both for gun owners to access guns in a safe way, but then also, if you look here on capitol hill, it's hard to feel optimistic about gun violence prevention policy. nevertheless, in talking to people like senator chris murphy, who has been at the forefront of this policy push, yesterday, he was saying that he feels like republicans recognize that no action at all, it is no longer an option. and you have to look of course at the weakening influence of groups like the national rifle association, the nra, which did used to rule the republican politics with an iron fist, but then this summer seeing the most significant gun violence prevention legislation in decades, it was narrowed and tailored in scope but it did allow for certain tightening around background check, the amplification of red flag systems throughout the country, and then speaking to more conservative priorities, like allowing schools to deal with their own security, the idea of

hardening schools is one that often comes up a lot when i talk to republican legislators here, so there has been progress, but of course, when you look at the statistics around firearms-related deaths for children, the fact that those have gone up 80% in the last ten years also still tells you that with some progress, there is still so much left to be done. >> there is still a lot left to be done. thank you very much for being with us. joining us now is a survivor of the sandy hook elementary school shooting, yvonne check, she saved the lives of 18 fourth graders by barricading them in a closet with her colleagues. thank you very much for being with us. and i know we've spoken a few years ago, after newtown, and it feels like we will end up speaking again, given the way things are going, but i do want to start with some of the progress that has been made, because there has been some, and the gabby giffords law center to prevent gun violence and an advocacy group, says there have been 18 states that have made it harder for kids and young adults

to get guns, 21 states that have passed laws to address community violence, 37 states to address domestic violence, and 29 states toughened background checks. that is a lot. in the ten years since. how are you feeling today. >> hi, katy, thank you for having me on today. how i'm feeling today is profoundly sad, because it's a day that reminds us that even though so much has been done, we have so much further to go. and we have to keep the focus on the fact that gun violence is on the rise, and we have to get to the root cause of it, and i don't think we are doing that as a country. i think we are stepping into a polarizing conversation, and we

have to find common ground, in order to change the conversation. we have to change the conversation in order to make progress, more progress. and i think that it's, we have to start with things that we can all agree on. we can all agree that we want to be able to send our children to school and have them come home safely. i think that's a place where we can all start. that's common ground. we have to start normalizing gun violence. we can't ever let it feel normal. and it sometimes feels like it's, it has become normal, because there's over 300 people a day that are shot in this country, and over a third of them died, and we don't hear about those every day. we don't hear about them, the one or two people that are shot

every day, because the numbers aren't high enough. >> yes. >> we seem to pay more attention when the numbers are higher. and that's not okay. we should never allow gun violence to ever feel normal. >> you're right about that. it is an every day occurrence, multiple times a day, on most days. and i want to caveat when i said a lot, it's a lot of state by state level. certainly not a lot on the federal level can you talk about ways to come together, what we can all agree on, getting our kids home safe, yes, it is that next step that's where the agreement takes hold. how do you do that? how do you address the gulf between people who say it's all about adding more guns into the school system, adding more guns to good guys holding them, and that people who say, we need less guns, we need to take them away from people who are

mentally unstable, we need stronger red flag laws, we need more universal background checks, and we need to get rid of these high-powered firearms that nobody really needs, and are instruments of war instead of instruments of recreation. how do you, when you get to that point, how do you start to bridge that divide? >> well, i mean first, you have to start with the facts. and the facts are that more guns make things safer, we would be safer right now, and we're not. more guns are on the street, in this country, than probably ever before, and gun violence is on the rise. so this is not my opinion. more guns does not equal being safer. it's not an opinion. that's just fact. so i think we have to start by looking at the real data and the real facts.

but we also have to, we have to really think about not being on one side or the other of this conversation. i'm not a constitutional scholar. but i have read a lot about american history, as i'm sure a lot of people have, and i believe very strongly that the framers of our constitution never intended that document to prevent us from solving a public health crisis. i don't think that was ever the intention of, from the framers of the constitution. so i think we need to start by looking at the facts, and then i think we need to find common ground, and agree that we would all love to feel secure and safe and let our children go to school without fear.

and then figure out how to make that happen. and i think we have more common ground than we realize. i think that so many people in this country agree on some of the basics, such as universal background checks, and we need the federal government to have the courage to listen to what even, you know, gun owners are agreeing that there's nothing wrong with universal background checks. so we need our lawmakers to help us, to have a little more courage, and to listen to the people, and we need everyone to take action, and you know, as i was saying before, normalizing gun violence, what it looks like, we normalize gun violence, it is keeping an alert on your phone that, getting an alert on

your phone that there is another shooting and people swipe and move past it, or you turn on the radio, in your car, and you hear about another shooting, and you, you know, you continue on with your conversation, and if every time we heard about someone being shot, if every time we just spent ten minutes, and took an action, and called our congressmen, and just said please, do everything you can to end gun violence, it doesn't mean you have to dedicate your life to advocacy, it doesn't mean you have to be extremely knowledgeable about the situation, you just have to take a small action, and not let it go by, and not let the opportunity go by. every time you hear about someone being shot, people are at work all day long, sending emails, send an email to your congressman. a quick email.

a quick phone call. let everyone know how you feel. >> don't just pass by the news. yvonne cech, thank you very much for being with us on what is a difficult and very sad day. >> katy, thank you for having me. we'll be right back. k. keep your laundry smelling fresh waaaay longer than detergent alone. if you want laundry to smell fresh for weeks, make sure you have downy unstopables in-wash scent boosters. subject 1: on christmas day, we were in the hospital. it was her first christmas. it was our first christmas being parents. i didn't know a lot about brain tumors, and what i had heard wasn't good. i certainly never dreamed that i would be fighting for her life. narrator: families never receive a bill from st. jude for treatment, travel, housing, or food, so they can focus on helping their child live.

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♪3, 4♪ ♪ and get 20% off your first purchase. ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ rupert murdoch was expected to testify under oath on fox news this week but it has not happened this week, the 91-year-old was scheduled for a closed direction as part of a $1.6 billion defamation lawsuit from dominion voting systems and the suit alleges that an array of fox hosts and guests purposefully promoted false claims around the 2020 election that the voting machines were rigged against donald trump and in favor of joe biden. dominion is looking for proof that murdoch's eldest son who runs fox corp not only knew it was a lie but encouraged the coverage to stay competitive against other conservative

outlets of the network argued it was simply covered the news and called the lawsuit an affront to free speech. joining me now is npr media correspondent, david falkenflick. let's rewind here for a second. in the aftermath of the 2020 election, after fox news called the election for joe biden. and called arizona. which basically called the election. there was an eating away at fox's viewership. going over to news max. and there was a sense that fox needed to get back, and what dominion is arguing that they did that by amplifying all of donald trump's false claims, even though they knew that they were bs. >> i think that's exactly right. that the consequences of the arizona call on election night, before any other network, meant that trump voters who some ways

were making up the core of the fox viewership felt betrayed and what we saw from weeks after from the stars and the guests were these wild claims, sometimes outright laws about what dominion voting systems did or didn't do on election night, to as you say steer votes to joe biden, and this that this was allowed to occur each as fox reporters and the sister "the wall street journal" were disproving thee claims realtime even as rupert murdoch behind the scenes says we're not going to reverse arizona, it looks like you will lose the whole election too. >> the first amendment offers broad protection to journ lives and you have to prove you were purposefully lying and purposefully knew better, how much evidence does dominion have? it is a decent case? >> there is the reporting done on the network, on air, that we all saw, saying this isn't true and they could have looked tat and it is a question of what rupert murdoch said behind the

scenes and what we found at npr, nin onobtained an email from a producer shortly after the election, to the love of god can you keep jeanine pirro off the air, she is circulating information on the dark web. and there was a saturday she miss and came back a little bit later, but the idea is, we're worried about the veracity of what we're putting out there. and at one point suzanne scott, that we heard the testimony in court, according to lawyers from dominion, she is the ceo of fox news media, she said we can't let the crazies dictate our coverage at one point. and the crazies, that was a phrase she used. >> and tell us what she is talking about. >> they are drilling down. they making a case, that there weren't just rogue operators, that lieu dobbs was forced off the air after another lawsuit was filed by another election software systems company, that these rogue operators were there, they are alleging that it was an orchestrated effort from

the bottom of fox to the top ranks of fox corporate at the fox company to do that to get the viewers back that they were so scared of losing, even though trump was beating the heck out of trump, excuse me, out of fox for the arizona call. >> and they have a right to do so, and they're covered by free speech, the lawsuit is meritless, and if dominion is able to win, what does it mean for fox? >> to do that, dominion will have to show that fox knowingly publish sized claims and woefully disregarded a host of evidence to the contrary. there are a lot of folks who are ununeasy about them and the critics of fox news and rupert murdoch and the irresponsibility of the stars in pursuit of fame and fortune and they worry it opens the door to make it more acceptable, major defamation and

libel claims and who knows what the dollar figure would be, higher or lower. and the effects could be real. >> david, thank you very much for coming on. i know you are reporting out the story and why in the world rupert murdoch has not testified yesterday. i'm sure we will figure that out at some point. thank you very much. up next, a soccer player in iran could be facing execution. don't go anywhere. subway's upping the sub game again with the subway series menu. crafted to satisfy any craving. it's melty, cheesy and oh so tasty! chuck, this menu is sensational. it's truly an all-star lineup. try it today. my a1c stayed here, it needed to be here. it's truly an all-star lineup. ray's a1c is down with rybelsus®. i'm down with rybelsus®. my a1c is down with rybelsus®. in a clinical study, once-daily rybelsus® significantly lowered a1c better than a leading branded pill.

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there are reports a professional soccer player might be facing execution in iran. the global union fifpro which represents 65,000 players worldwide tweeted it is shocked and sickened by reports that the professional footballer amir nasr-azandari faces execution in his own country. on monday, iran publicly hanged a second known protester. according to the nonprofit human rights activist in iran, hundreds of people have been killed, and thousands detained since the demonstrations began back in september. also, on the subject of soccer, the new york city

medical examiner says grant wahl died of an aneurysm in his heart. the autopsy showed a slowly growing aortaic aneurysm ruptured while covering the world cup in qatar. this morning, his wife said she wanted people to remember her husband for the love of the game and the people who play it. >> there is so much about the culture, the politics of sports, of soccer, and to him, it was a way of really understanding people and where they were coming from. i want people to remember him as this kind, generous person, who was really dedicated to social justice. >> that's going to do it for me today. hallie jackson picks up our coverage next. coverage next. and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time,

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