the cow account was not actually run by a cow of devin nunes. here's the thing, nunes wasn't always like this. he was a normal republican and represented a conservative district and had very conservative politics. did the normal dance of governance and worked his way up to the chair of the house intelligence committee. back then, nunes seemed less interested in the that the ricks of politics. he once referred to the tea party government shutdown as lemmings with suicide vests, but most revealing, though, listen to this is a quote, a 2015 interview with journalist ryan lizzo who nunes would later sue over different reporting. listen to what he had to say, quote. i used to spend 90% of my constituent response time on people who would call or send an email or letter and said i really like this bill and they believed in it because they heard about it through one of the groups they belonged to and it was based on lgsz. chemtrails are airplanes poisoning me and that has essentially flipped on its head. it's dramatically changed politics and politicians

committee gavel next year to join the former president's social media startup. >> a real warrior named devin nunesdia and technology group's ceo, calling him a fighter and a leader. nunes saying he is humbled and honored to be entrusted with the job. >> get off the slippery slope we have been on for a long time. >> reporter: nunes had been next in line to chair the influential house ways and means committee if republicans take control of the house next year. >> be careful what you say because they are going to use these words against you. >> reporter: but he had been facing some redistricting headwinds, the prospect of having to possibly run in a democratic-leaning district in california if he were to run again. >> we are not here to run a show trial in an effort to impeach the president of the united states. >> reporter: over the years, nunes had become one of trump's most loyal supporters in congress. >> he became a hero because he found out what was going on in government, and he found out about the hoax and the witch hunt. and all of the horrible things that have gone on. >> reporter: backing

devin nunes is the ceo.y trying to start a social media platform make devin nunes the ceo? that's the giveaway. the giveaway is that the only reason devin nunes leaves from a position wrecked likely be the chairman of the house ways and means committee, which is the most powerful committee in the house, maybe the most powerful committee on capitol hill if congress republicans take the house in 2022. he's leaving that for money. and this is about money. nunes will remain in his good graces for a month? yes. how long? shorter than you've been hosting this show. >> tim o'brien, this point of what company would ever have devin nunes as the ceo does seem like a pretty big reveal about what's really going on here. >> well, it has all the earmarks, lawrence, of a classic pump and dump scam. it is rather amazing that the s.e.c. is investigating this company before it's even opened its doors. the whole logic is that donald trump's political and digital mojo is so potent that a number hedge funds and investors have pu

and devin nunes, who entered congress 20 some years ago, is not the devin nunes of today. >> right. >e is not kind of a centrist, lean right player from an agricultural county in california that wants to build his power base from there. he moved closer, more and more -- not just more and more right, but more and more to trump over the last five years. that is -- that is where he is aligned now. >> jonathan? >> yeah. i think, also, i would just add that if you're devin, it's probably more fun. you spent the last few years totally invested in this kind of trump, inc., media structure world. that has become what you really are passionate about. are you going to do that? are you going to be invested in the arcana of the tax code? important but dry issues. i just think in this era, that is less rewarding for somebody like him. taking a further step back, john berman, and think about the long-term incentives here. two congressing at es at the h the ways and means committee could lead to a lucrative career in washington on k-street. he is giving up long-term, money-making opportunities. by t

congressman devin nunes who joined as a 29 year old, it's currently serving his tenth term is retiring to run donald trump's new grift. that is right, nunes will become ceo of the trump medium technology group which even as far as start-ups go, is particularly questionable. it is supposed to be a social media company, but in typical trump fashion right now more like a half baked idea with his name on it. also in typical trump fashion, the company is already being investigated by federal regulators. it's truly an incredible record to get your first sec investigation, before you ever have a product. so that is where devin nunes is going, to be a professional troll for a company of professional trolls. as he puts it in this magazine, unofficial trump propagandist devin nunes makes it official. >> that is basically how we think of devin nunes, he is a trump fan to chair of the house intelligence committee back in 2017 make that bizarre middle of the night shift to the white house to warn the trump administration about the so-called unmasking of trump campaign officials who were being surve

the absurd arc of devin nunes' career is instructive.rsonality has perverted the spirit of public service inside the gop, replacing governing with grandstanding and grift. it reflect his bet that the real power inside the gop is being in trump's orbit, not doing pesky things like legislating. from this perspective, public policy is a distant third behind propaganda and profit. but it also reveals the real electoral weaknesses of being a trump toady. in california's central valley, he did it by over 70%, three times more before trump was president. but he just squeaked by with 52% of the vote in the midterms, 54% in 2020, despite raising millions of dollars. faced with redistricting which looks likely to bring more democrats into his district, nunes was go to be a tough sell to swing voters. he probably jumped before he was pushed. how big a prize is being ceo of ju trump's new social media platform? it brings the promise of c suite cash. the fact that nunes elected to congress before he was 30 has never run a tech company or any business

that's what devin nunes called fellow house republicans.he house intelligence committee provided a portrait of hyperpartisan hackery, a man known for filing frivolous lawsuits against critics, including a parody twitter account purporting to be his cow, is now going on to his great reward. not the chairmanship of the powerful house ways and means committee for which he would be next in line if the republicans won the midterms, but instead resigning to serve as ceo of trump's phantom social media business. which is already under federal investigation by the securities and exchange commission. but the absurd art of devin nunes is showing how it has perverted inside the in his decision to bail on congress after nearly 20 years reflects his bet that the real power inside the gop is being in trump's orbit, not doing pesky little things like legislating. it also reveals the real electoral weakness of being a trump toadie. he won by over 70% before trump was president, but he squeaked by with 52% of the vote in 2018 midterms and 54% in 2020 despit

about devin nunes.armer and stuff like that. so nunes sued twitter for $250 millfomation. the case, of course, was dismissed, and we still don't know who is behind the cow twitter account. all we know is that it's someone smarter than devin nunes, so probably a cow. ( laughter ) ( applause ) now, usually-- ( applause ) ♪ ♪ ♪ now, usually when the former president appoints someone who is grossly incompetent to an important position, he has a good reason: they're related to him. that means the only reason nunes got this gig is because jared, don jr., and eric all turned it down. "sorry, dad, no can do! that job is beneath me. ( applause ) but i'd still like to be considered for the role of chief executive hug receiver. bring it in. bring it in, dad. ( cheers and applause ). let the healing begin." even if you didn't catch it, this pandemic has been bad for your health, because a new study has found that, from 2019 to 2020, average blood pressure readings increased. well, yeah. for some reason, we were all

. >>> gop congressman devin nunes is leaving the house at the end of the month to become the c.e.o. of former president trump's new media company. nunes would have faced a tough reelection next year in a district that leans more democratic. he was previously chairman of the house intel committee, and led gop efforts to discredit special counsel robert mueller's russia investigation. more on this story later this hour. >> and the investigation into that media company already. >>> all right, former president donald trump was a lot sicker than the white house admitted to when he had covid. that is according to chief of staff mark meadows, the chief chief. they down played just how ill trump was. his blood oxygen levels dropped down to the 830s. normal levels were 90s. trump viewed it as a sign of weakness. trump only relented after he said, better to go under your own power now than be carried out in a gurney in two days. >> so he apparently has quite a bit to say and is yet at the same time trying to claim executive privilege shields. >> same contradiction. >> we will see how that wor

devin nunes is stepping down, that leaves a void who will be chairman of intel?dency, was done, by the hillary team democrat team that devin nunes brought to life we would not know any things if it hadn't been for his intuition hard work tenacity a huge difference historic we could be standing wondering how all that happened to donald trump but we know as a result of devin nunes' work this was the work of the democratic national committee hillary clinton to weaken donald trump. >> i know who to trust devin nunes john ratcliffe throughout 2017, 2018 own my "sunday morning futures" program, every sunday, telling us that this was one big lie. and we are proud of where we were, on this story, that was a complete hoax, congressman -- to be clear we are fed up we are fed up with policy, something needs to change, congressman thanks very much for being here congressman mike turner he will checkup back with you economy sports outdoors soaring third-quarter earnings talking with ceo the latest on inflation, from his standpoint, wait till you hear how much sports athletics

so why then would congressman devin nunes instead choose to leave congress?ion tells us about the power struggle in the gop. >>> and we're moments away from the opening bell on wall street. dow futures surging this morning after a strong rebound in the markets on monday. investors seem to be recovering from a downturn after the omicron variant of covid-19 was identified. worries have tempered since then. inflation still a worry. wall street will get a fresh read on consumer price inflation data on friday. power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge, 24/7 support when you need it the most. plus, zero-dollar commissions for online u.s. listed stocks. [ding] get e*trade and start trading today. never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. get e*trade [ding] and start trading today. your record label is taking off. but so is

this is the controversial former leader of the house intelligence committee, devin nunes, not running come and go in congress pretty much all the time, but tonight's story is not just about him. it's also about what his new gig reveals about the republican party and its future. nunes leaving congress to become the ceo of a new trump company, a media and tech firm that's supposed to draw on trump's online support and make him relevant despite his many bans from social media. nunes is going to take up one of the most powerful posts if republicans were to win back congress. he would be in charge of all the spending on the ways and means committee. so why leave now? a couple reasons. one, a new congressional map meant that he was likely to lose his seat according to his own hometown paper, unless he moved. and that paper has been critical, calling nunes a spineless trump lackey and a disgrace. trump relationship, though, is now his entire job, and it's a big deal here that nunes didn't try to just run in a different republican district or go to the typical post-congress lobbying job. inst

now devin nunes is doing the same, leaving a potentially powerfulful post to do so.re seeing lawmakers trying to closely align themselves with the former president and believed eventual republican candidate again. what's up with this? give us a sense of the state of play of the republican party and in particular the trump loyalists. >> jon, it certainly my lites the new pecking order in republican politics. people work, and devin, frankly, has worked most of his career to work his way to the ways and means committee. when i started covering congress more than a decade ago, nunes was known as -- you might not know this now -- but pretty steeped in tax policy, and basically the way he was viewed was the political counterweight -- not counterweight, but almost the sidekick to paul ryan. when paul ryan was passing some of his early budgets, nunes was helping ryane navigate the politics of it. this was an important voice in the ways and means committee in 2009, 2010, 2011, that era. this is a newfound piece of nunes's personality, his persona. it was unthinkable if i said

"all in with chris hayes" starts now. >> tonight on "all in". >> devin nunes is some day going to bes of congress. there's performance artist, and legislators. we have grifters in our midst. >> that and an ult

devin nunes to join president trump's media company as ceo when he retires from congress.ill see what's next for that company. don, back to you. >> it is certainly driving interest in that company the ticker was off at times in the last few months here. it is one of the top 50 on cnbc.com given some of the interest on what's next for that trump spac and everything else happening. thank you for that i wonder, karen, i will turn to you quickly for this one because this is a company, like i said, that gets a good amount of asp atte attention. it's already up 3% before kayla's report what is your take on digital world given this nunes news? >> well, if you look, they did a billion dollar pipe and they put out some -- i don't know if they call it projections. it is more like total addressable market and they make some assumptions that are -- i don't know i mean, at the moment there is not a lot -- there is not a lot of there there not that there couldn't be, but it is just interesting that they're getting a huge valuation on so far not a lot. i don't know if they're going to ge

plus, republican of devin nunes is quitting congress. his new gig, running donald trump's media startup. up first the video call, giant video call with huge ramifications for american security. under way right now joe biden engaging in a one-on-one conversation with vladimir putin. russia state tv giving the world a glimpse of the high-stakes meeting. the call comes, of course, as president putin has put thousand of troops and weapons on ukraine's border. the world fears an invasion. u.s. officials promising biden would issue a warning to putin and warn any military aggression would be meet with significant consequences. let's go straight to our white house correspondent kaitlan kline. what do we know. >> reporter: john, it's a call still ongoing, started at 10:70 eastern time. you saw the call ongoing between the two leaders. president biden in the situation room here at the white house and president putin in his home. this, of course, is a very high stakes call ongoing, virtual call between the two world leaders. you've seen the video

>> my thought is i've known devin nunes for a long time.iking. in 2013 he was working with me to stop -- to reopen the government. he called the freedom caucus back then, lemmings with suicide vests or those very conservative members who were shutting down the government for no good reason. and now he's evolved, obviously, with trump times and became one of trump's most ardent loyalists. so this is kind of striking to me. his seat is a very safe seat so i can't imagine that republicans will have trouble holding it unless it's changed dramatically in redistricting, which i don't think it will be. i'm not totally surprised he's going for this opportunity on this trump tv. that's where he is ideologically these days. >> he certainly is. it's not a surprise he supports trump. is a surprise a senior member like this, especially since there's a good chance the republicans, gloria, will be the majority in the house next year, is going to give up that seniority. >> as i was saying, being chairman of the ways and means committee is important. and it

of course, it's none other than congressman devin nunes who spent much of the last year or last fiverom assorted scandals. at one point saying he is quitting congress now to lead this company despite having zero, and i mean zero, technology experience. your colleagues at mother jones put it this way. the guy who tried to sue a fake twitter cow is going to lead trump's media company. david, how do you expect this one to go? >> well, you know, he entered congress at 29 years old, devin nunes, an had been a farmer before that. this is a supposedly $1 billion company that's going to create a competitor to twitter and facebook, that is going to create a competitor to fox news and oan with its own news work, create a competitor to netflix and amazon with a streaming service and competitor to amazon in terms of hosting. you are going to put a guy in charge ho never did any of this. trump himself has no experience running a company of this nature. it's a long way from selling steaks and vodka and the fraudulent trump university classes to running a massive company. but yet again we see that

>> well, you know, he entered congress when he was 29 years old, devin nunes, and he'd been a farmer billion company. it's going to create a competitor to twitter and facebook. it's going to create a competitor to fox news and oan with its own news network. it's going to create a competitor to netflix and amazon with its own streaming service, and it's going to create a competitor to amazon in terms of web hosting. and you're going to put a guy in charge who has never done any of this, and of course trump himself has no experience running a company of this nature. it's a long way from selling steaks and vodka and the fraudulent trump university classes to running a massive company. but yet again we see that his business dealings are creating all sorts of potential conflicts of interest. they raised a billion dollars, but we don't know where the company is coming from. and if he -- he says he's thinking of running. a lot in the republican party thinks he may be the next nominee. so we have a guy who has -- has investors who could be anyone. they could be mob bosses. they could be fore

. >>> gop congressman and former chair of the house intelligence committee devin nunes is leaving congress ceo of former president trump's social media company. he's the 12th house republican to leave before the 2022 election. >>> and drake has withdrawn his two grammy nominations this year, although it's unclear why. he was up for best rap album and best rap performance from his recent record certified lover boy. for more news download the app on your cell phone or connected tv. i'm tom hanson, cbs news, new york. ♪ >> announcer: this is the "cbs overnight news." >> good evening, and thank you so much for joining us. we're going to begin with an alarming surge in new covid infections in the u.s. for the first time in two months, the country is again averaging more than 100,000 new cases per day. more than 1100 americans are dying each day from covid, and nearly 50,000 are being treated in hospitals. while the delta variant remains the dominant strain of the coronavirus, the new omicron variant is also spreading rapidly. cases have now been detected in at least 18 states, but scientists st

technology group announcing his appointment yesterday amid reports of the move the firm says that devin nunese top republican on the house intel committee and a long-time trump ally will start the position next month despite having no apparent experience working in the tech industryor as an executive. the announcement came hours after documents revealed that the spac that plans to merge with trump's company is being investigated by the s.e.c. this country's busiest ports have announced that they will delay imposing unprecedented fees on carriers officials at the long beach and los angeles facilities cite progress in the ongoing container backlog for the decision, since lingering containers down 37%. >>> and elon musk is criticizing a key piece of president biden's build back better plan that could benefit tesla potentially. musk says the bill, which includes federal funding for electric vehicle charging stations, should be scrapped because it would add to the country's deficit. under the plan, consumers would be given a tax credit if they buy an e.v. built by union workers using american made

. ♪ >>> ten-term republican congressman devin nunes is leaving congress at the end of the year to runthe trump media and technology group in january. nunes is a staunch supporter of the former president. >> he was set to become the chair of the influential house ways and means committee if republicans take back the house next year. cnn congressional correspondent jessica dean and senior media reporter oliver darcy join us now. oliver, i want to start with you. i've been hearing political types expressing bafflement. why would he leave such a powerful position? it's called money. i'm sure that donald trump -- right now, congressman nunes makes $174,000 a year, reportedly. i'm sure donald trump is offering him ten times that. i mean, of course, donald trump doesn't always pay his workers >> will he get it is the question? >> will this all come to fruition, but >> i would imagine so and i think power is behind it. nu nunes signals where power lies, and should republicans take control of congress, it's out there in conservative media. it's being close to trump and his move really signals

the last time republicans were in control in congress devin nunes was chair of the incredibly powerful intelligence committee. he's in line if they win next year to be the chairman of the ways and means committee, which might be an even more powerful job than running intel. nevertheless as of tonight we learn he is quitting congress all together effective immediately basically, leaving at the end of this month. why would he walk away right now? especially when he is poised toe have some real power? well, because instead of that power in congress, he would apparently prefer to become the ceo of former president trump's new media company. huh. that media company, we also learned today, is under federal investigation by the securities and exchange commission as well as an agency called finra, the financial industry regulatory authority, the latter agency typically investigates things like illegal insider trading. the other agency the s.e.c. appears in this case to be investigating whether or not thg whole trump media launch might have been illegally structured as a way to raise hundreds o

so good luck, devin nunes, and when you hear you're fired, just remember, i said this first. ♪ ♪ ♪ experience the power of sanctuary at the lincoln wish list event. ♪day to night to morning,♪ ♪keep with me in the moment♪ ♪i'd let you had i known it, why don't you say so?♪ ♪didn't even notice,♪ ♪no punches left to roll with♪ ♪you got to keep me focused♪ we're making the fagioli! ♪no punches left to roll with♪ ♪ ♪ ♪ ♪ this looks great. awesome. alright. thank you! what... what recipe did you use? oh. my nonna's! she a good cook? -no. >>> the january 6th insurrection and donald trump's coup attempt was unprecedented, and ultimately unsuccessful. but over the past year there has been a concerted and meticulous effort to make sure he does succeed next time. in an expansive piece in "the atlantic," staff writer barton gelman lays out the groundwork that republicans have done to ensure they take power next election whether americans vote for them or not. and he joins me now. let's start with the main point of the article, mr. gelman. i mean, one of new york's mega -- most influentia

for devin nunes, i think he'll look back and regret this decision and realize he could have had a biggerys and means and not gone to this upstart venture. >> one of the reasons might be that they are redistricting in california and they might have made his district, which is a pretty strong republican district into a more competitive one but they haven't made any final plans out there. so how much do you think that was a factor? >> i'm not one of the people lamenting or sourful that nunes is leaving the congress. >> i didn't hear any, for the record. >> it shows you the bizarre world we live in. i'm sure -- it's the bizarre world that we live in where going off and running a start-up media company is more important than being the most powerful tax writer and trade negotiator in congress. and so i think what we're seeing is on behalf of the republicans, they just -- the republicans in congress, the elected leadership seem to be afraid of the population they're supposed to be governing. they're afraid of donald trump. this fear about all of them in how they engage the national politics, an

>> here's the good news, we will miss devin nunes. and played a crucial role in all of these. we will miss him dearly. but we are an extremely talented committee, i think congressman bukinen where he and devin were competing for the seat. that will be decided by the committee at the end of the year, after the election -- excuse me, at the end of next year, after the elections. so, i know, icongress congressman buchanan last night he's going to continue to work hard. >> you said it's critical to pass the defense bill. senate republicans just rejected tying them together. i know you're in the house but you can explain why they would do that for any other reason than politics. in the past, both parties usually fight over the debt ceiling but it's usually to get a concession. this is just blocking it altogether. >> i think there's frustration that they're load every bill up like a christmas tree just as they did with build back better. certainly, the national defense by all means can stand alone. certainly, the debt ceiling bill can stand

devin nunes from the house intelligence committee is set to become the ceo of trump media and technologyment came today after documents revealed that a company planning to merge with trump media had been contacted by the fcc with more information. nunez who has represented the san joaquin valley. >> jackie speier announced that she's leaving politics. she made the announcement that she's throwing her support behind kevin mullin. mullin, was elected to the state assembly and became speaker pro tem. he served as her district director when she was state senator. >> i enthusiastically and unequivocally announce my endorsement of kevin mullin to replace me in the house of representatives. >> jackie has honored us with a public service record among the giants that have served america in the people's house. >> the 14th district includes parts of san mateo and san francisco counties. it's been redrawn by the california citizens redistricting commission to include more of san mateo county. the draft map includes a city in mullin's district along with half moon bay, daley city and part of san fran

the reason my father-in-law wanted devin nunes to join him. for the first amendment freedom in the united states as it relates to all the censorship that we've seen by big tech, social media companies for a long time. he wrote a book, called countdown to socialism. where we are right now and how detrimental it would be for america if the media, big tech social media was run by the left and that's essentially where we found ourselves. he wants to join the fight alongside my father-in-law to ensure the freedoms continued for all americans and there is a space out there that allows the free exchange of thoughts and ideas without fear censorship and that's with the new venture is all about. stuart: here's what i'm told is the game plan for the new venture. former president trump used the new social media to encourage his people to be running in 2022 to put his people in place so is in a good position to running 2024 backed up by social media company. you are smiling but i think you know that the game plan isn't it. >> all say it's a great idea to

devin nunes would have been chair of house and ways committee and become ceo of president trump's news happening with the trump truth social business? >> yeah, no. congratulations to devin nunes and i don't know if you remember, but it was devin that came to rumble first when this enormous growth took off. he was one of the very first people to join rumble and what we noticed that rumble was that in 5 years he only had 10,000 subscribers on rumble and within 3 months being on rumble the congressman had over 300,000 subscribers really demonstrating the growth that could happen on rumble. but when it comes to truth and trump media and technology group, i can confirm that we do have a partnership with them without getting into the details but we are definitely not going to be competing against them. it will be a cohesive relationship and we will be both working together. maria: congratulations, we will be watching the developments and certainly the growth story. i'll be there as well on rumble. chris pavlovski, thank you, sir. >> thank you for having me. maria: we will be right back. ♪ ♪

. >>> leading congress to head up trump's new social media company devin nunes.iginally a dairy farmer and has no apparent experience working as an executive. the congressman said he is humbled and honored to lead the mission. >>> the death of this year's kentucky derby winner, medinah spirit collapsed and died following a workout at santa anita park the horse suffered a probable cardiac event. he made headlines after testing positive for a steroid back in may. the california horse racing board will conduct a necropsy to figure out the death. >>> the patriots battled for control of the afc east. the quarterback threw the ball three times for the night. the run game turned up the heat on buffalo a 64 pass run in the first they responded in the air, making it an 8-7 game. one last chance, down by 4, josh allen's pass gets swatted down the top team win it 14-10. >>> still to come, whiplash on wall street. stocks surged back to life as investors shake off concerns about omicron. >>> and have no schmear. cnbc's steve sedgwick ll twiell us about the supply chain hittin

before we learned about devin nunes, there was no staff that had been identified publicly.so despite the fact that there is not much behind it, trump is poised to make a huge profit on this really on the backs of retail investors who have poured money into this stock since it went public based on presumably their affinity to trump. >> just to be clear, so you have two kind of investors, the original investors, the people that are board of director level that put lots of money. we don't know who they are. if this spac company takes over this shell of a pretend social media company and decide to flip it and immediately sell, all the institutional original investors would get their money but the little guy, the little maga person responding to trump's, you know, emails asking him to buy a red hat, these people would be stuck with the bag, right? those little people include marjorie taylor greene. marjorie taylor greene is on the little investor side. >> that's right. the institutional investors whoever they were, the people behind this paid about $10 a share for a portion of t

we found out that congressman devin nunes, the republican of california, plans to leave his seat in congress at the end of the this month. become c.e.o. of the new media company founded by former president donald trump. nunes first elected to congress in 2002 at the age of 30 was re-elected last year for a 10th term. if the g.o.p. were to take back the house majority in 2022, the congressman would be in line to chair the house ways and means committee by stepping down "the washington post" notes he would potentially be giving up what is considered the most powerful committee gavel. early drafts of california's next congressional map, we re-districted gap puts him in a less republican district in the fresno area. one backed biden by nine points in the 2020 election. before the announcement on monday, republicans were watching to see whether the congressman would switch to a new seat that was safer for his party. which would have pitted him against one of his republican colleagues. that all from "the washington post" reporting. william next out of smithville, tennessee. independent. caller: th

idea of what trump likes to put people in there for, which is to do his bidding because nothing in devin nunes background suggests that using tech ceo or tech ceo material back to the whole money thing very i understand there's about a billion dollars in funding. >> sec regulators are interested in you know, where the money's coming from and whether this poses some kind of a security risk. well, i mean, there there are a lot of different things the first is that they're investigating. what's called the special purpose. acquisition company that trump's a media company was merging with because not to get too technical because i would glaze everyone's eyes over. but essentially the question is did they violate the law in the sort of essentially being created for the purpose of merging with trump's come trump's company, which is not what special purpose acquisition companies are supposed to do. just be formed. and then sort of find what they want to acquire right be created for the sole purpose to be merged and basically for lack of better words laundering. the money into that new into that new ac

and just moments ago, republican congressman and trump ally devin nunes will retire from congress ino'brien, senior columnist for bloomberg opinion. ben rhodes is here. so, tim, explain what you're reporting and this nexus with the national security threat and more debt on -- and sort of financial ties and obligations to potential foreign investors. >> well, you know, nicole, it's worth remembering in the context of all this that when trump left office in 2020, unwillingly, he had over probably a billion dollars or so in debt hanging over a real estate and resort portfolio that had been battered by the pandemic. and he's got a lot of debt coming due soon and he began scrambling for cash. he recently sold off his hotel in washington. it was a prized family asset. it was a money loser. but they needed cash. and now, lo and behold, he is using a spac, which is a somewhat opaque and quick trigger way of taking a pockets. they have not given much information out about the financials around this proposition. a lot of the security filings that usually attend something like this haven't been

representative devin nunes from the house intelligence committee, set to become the ceo of trump media and technology group. that announcement came today, after documents revealed that a company planning to merge with trump media had been contacted recently by the s.e.c. for more information on that merger. nunes, who has represented the san joaquin valley for nearly 20 years, is expected to start in january. >>> who is going to replace retiring congresswoman jackie speier? today, she endorsed state assembly member kevin mullin. mullin, a democrat, was elected to the state assembly in 2012 and became speaker pro tem in 2014. he was previously a city council member, and mayor of south san francisco. >> i enthusiastically and unequivocally announce my endorsement of kevin mullin to replace me in the house of represent ifbs. >> jackie has honored us with a public service legacy of accomplishment and distinction that will rank among the giants that have served america in the people's house. >> the 14th district, which includes parts of san mateo and san francisco counties is being redrawn

. >>> one more note on politics, central valley republican, devin nunes is retiring from congress. he has been a staunch defender of former president trump. nunes is taking the job as ceo of the new trump media and technology group, that is a social media company that helps to compete with twitter and facebook. >>> still ahead, kpix 5 cbsn bay area, a special school located in san jose's little italy is closing for good. why it could signal a larger problem in the local community. >>> a real life grinch tries to spoil it all at a bay area holiday favorite. the attempt to torch a giant christmas tree. >>> repairs are about to get underway on some severely hi honey! hi mommy! oh i missed you! you just want to video call the kids. ok. hush little baby...don't say a word... but if slow upload speeds turns your goodnight call into an accidental horror movie... can you hear me? shut it down. just remember. you're not a bad mom. you just need better internet. at&t fiber delivers faster upload speeds for more reliable video calls. get at&t fiber, plans starting at $35 a month for a year. l

a republican congressman, devin nunes, is quitting congress ahead of donald trump's new media start upe is a fervent supporter of the former president, possibly facing a tougher path to reelection following redistricting. global news 24 hours a day on-air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> all of us, whatever our background, age, where we live, we can agree that prescription drugs are outrageously expensive. it does not need to be that way. under my bill back better bill, it will not be the same way. jonathan: the president of the united states there. your equity market with a lift. a rally, 61 points higher on the s&p. the nasdaq 100 advancing 1.8%. crude at $71.51, one stock to watch in the premarket's looks something this. you mentioned that call from katie who pretty at j.p. morgan. in line with the big bow on the street, dan nieves also at $200 a share. tom: in the studio with us live, show. he joins us. there is a photograph from long ago. that is of howard baker, senator

central valley house lawmaker devin nunes is retiring from congress.ump media and technology group. nunez was the intelligence of the committee. california's redistricting commission released draft maps last month that may have jeopardized his re-election chances. >>> a long island man accused to launch the attack on new york's pride festival saying it would be so devastating. >> he mailed letters to the lgbtq community threatening to assault, shoot and bomb individuals. they claim he mailed threatening letters over nearly a decade. he now faces up to five years in prison. >>> seeking solutions to end the violence in oakland. ahead in a live report, the emergency actions taken today to get more officers on the street. >>> plus, staying safe. the protocols you might see across the country in order to slow the spread of the omicron variant, and the response to one city's new controversial new mandate. >>> and today remembering pearl harbor, how the nation is marking the somber day ahead, and marking the what-if story. this is "today in the bay." we are b

so people on twitter are now guessing names like paul gosar, jim jordan, devin nunes, matt gaetz, tedosh hawley. and you can play the home version in the fun new game "clue-less." ( laughter ) ( applause ) these messages-- got a little-- got a little-- there you go. these messages have the ring of unfiltered truth because they're taken from mark meadows' two personal phones. and nothing says "innocent" like a second cell phone. ( laughter ) "i'm sorry, i'm sorry. what's that, honey? you found my second phone in the closet? oh, that's just my backup. 'i love you' phone in case i can't find the first one to tell you how much i was not sleeping with the babysitter last night. hello! i love my wife... who's right here in the room with me right now. good-bye, wrong number!" this whole attempted coup was based on the former president's endless lies about non-existent massive voter fraud. and now the associated press has shown just how big a liar it is. they conducted a review of every potential case of voter fraud in the six battleground states he disputed and found fewer than 475, a number

kumasi: republican congressman devin nunes, who represents part of the seven -- central valley, wille house this year. a statement from trump media and technology group says that he will be serving as chief executive officer beginning in january 2022. twitter blocked trump's account in january following the deadly storming of the u.s. capitol. reggie: elizabeth holmes is back on the stand, and cross-examination is likely to end today. holmes is accused of swindling investors out of millions of dollars. during her testimony, she admitted she knew the rondos technology was look -- the theranos technology was limited to 12 tests, even though she told investors it could detect hundreds. -- inherited many of the problems he is now being blamed for. he is asking people to look at his record. >> let's be clear. my conviction rate for murders has gone up compared to the prior administration. my charging rate rapes has gone up compared to the prior administration. >> there has always been crime. there has always been homicide and always been shoplifting. however, what chase a -- chase about -

california's devin nunes was also next in line on the ways and means committee for a potential chairmanshipmany believe they will. nunez will become ceo of a new media organization for former president trump. wall street's top financial regulators meantime are investigating the former president's one and a quarter billion dollars deal to float his new social media venture on the stock market. former senator david perdue from georgia is mounting a primary challenge against incumbent republican governor brian kemp in georgia. purdue says is he running to stop democrat stacey abrams from becoming governor. he says kemp, who narrowly defeated abrams in 2018, would lose next year. now to america's crime crisis and victims going on the offer in los angeles. several of them had begun a recall effort against the district attorney there as the city is gripped by a violent crime epidemic. correspondent jonathan hunt reports from los angeles. >> they told us we were just robbed at gunpoint in your family room. >> that's a homeowner describing one of the brazen robberies caught on camera in los angeles

devin nunes leaving for trump's new social media company. >> honestly right now, for the next 18 months can to slow that down to get to december of 2022. i don't vote for anything in the house of representatives right now. 18 more months of chaos and the inability to get stuff done, that's what we want. >> this has some republicans criticizing this wing of their party in public. take texas congressman dan crenshaw, who can be seen in a campaign ad jumping out of a plane. this is a kind of political superhero fantasy, mixing the vibes of the avengers and rambo. as well as some other republicans as some kind of world-saving heroes. encouraging republican voters to see him that way. tonight, mr. crenshaw from the air to the suit, he's back in the news for criticizing this right-wing freedom caucus. >> there's two types of members of congress. there's performance artists, and legislators. performance artists get all the attention. we have grifters in our midst. not here in this room, i mean in the conservative movement. lie after lie after lie. >> while crenshaw sees himself in the legislat

was devin nunes. who i don't know if there is an opening at the mensa society branch in his part of california, but the rumor is that he is loomed leaving congress to run donald trump's media company. which is conveniently already investigation. a.b., what is going on in congress? >> the numbers brian right now are at historical average in terms cycle. but they don't stand to be much longer. you are going to see a lot more democrats leaving and likely if you have a republicans. i spoke to republicans and democrats for this, both people who were either leaving or pondering leaving. many of them didn't want to be name. basically all of them said the same thing about what a sensible congress has been come. you don't like to say that when they leave. in their statement they like to talk about the honor of serving their constituent. the time they need to spend with their family. but this has been a year for congress like no other. it is never been this bad. there has never been a more profound divide betwe

has a new social media project that claims to have a billion dollars in capital, and congressman devin nunes as its ceo of this company. you know, i'll be saving a spot on my 2022 ridicu-list but what do you got? >> so, it was very recently, rev, but on november 19th, for a grand total of 85 whole minutes, kamala harris was the first woman president of the united states of america, and so for 85 minutes, women, you know, were texting each other, saying, we have a woman president for the first time ever. but it was because president biden was obviously undergoing a procedure. he was getting a colonoscopy and that was just a little bit too much for me, rev. i can't hold it together when i think about the fact that america got its first woman president in that context. >> ayman? >> i don't know where to begin, but i was going to say, you know, for me, i'm thinking back to january 6th. that has to be the narrative that has come out of there and the way it has been perpetuated throughout this past year, i've been investigating it and i'm telling you, that lie is spreading more and more, and the t

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devin nunes said he's retiring to become the trump media and technology group. the trump loyalist is facing a more democratic district. eunice wright won praise for his efforts to discredit the fbi investigation. >>> now, french police are launching an investigation into the violence that erupted at eric zimmer's campaign sunday. they grabbed the far-right potential candidate by the neck and antiracism protesters were assaulted by supporters. the tv reports 62 people have been detained in connection with those attacks. cyril vanier reports on the start of a divisive bid for the presidency. >> reporter: zimmer's first steps as presidential candidate overshadowed by violence. france's conservative columnist turned far-right ideologue attacked on his way to the stage. moments later the former journalist delivered his first official campaign speech. >> translator: obviously i'm not racist. no, you, you're not racist. all that we want is to defend our heritage. we're defending our country, our homeland, the heritage of our ancestors. >> reporter: he defended himself