The Megyn Kelly Show - June 04, 2026


Major Iowa and NJ Primary News, ＂Weaponization＂ Fund Scrapped, Trump & Bibi Talk Call： AM Update 6⧸4


Episode Stats


Length

20 minutes

Words per minute

162.53421

Word count

3,365

Sentence count

255


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

As primary night results continue to trickle in, consequential results in Iowa and New Jersey shake up the map. President Trump now confirms reports of a heated phone call between himself and Israeli Prime Minister Benjamin Netanyahu. And a historic showdown on Capitol Hill over the future of college sports in the era of the transfer portal and massive NIL deals. All that and more coming up in a moment on your AM Update.

Transcript

Transcript generated with Whisper (turbo).
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00:00:32.600 Good morning, everyone.
00:00:34.020 I'm Emily Jashinski, host of After Party and the Megyn Kelly Wrap-Up Show on Sirius XM Channel 111.
00:00:39.640 It's Thursday, June 4th, 2026, and this is your AM Update.
00:00:43.980 We were outspent, opposed by the establishment, told to wait our turn.
00:00:49.540 Well, tonight we're not going to wait anymore.
00:00:51.780 As primary night results continue to trickle in, consequential results in Iowa and New Jersey shake up the map.
00:00:59.380 The Trump administration abandoning a nearly $1.8 billion fund designed to compensate Americans unfairly targeted by the government.
00:01:07.760 Is that true? Did you speak to him in last time?
00:01:09.940 I did. I don't want to say angry. I was a little bit perturbed at his constantly fighting with Lebanon.
00:01:17.000 President Trump now confirming reports of a heated phone call between himself and Israeli Prime Minister Benjamin Netanyahu, as both say they're on the same page, for the most part, and a historic showdown on Capitol Hill over the future of college sports in the era of the transfer portal and massive NIL deals. All that and more coming up in just a moment on your AM update.
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00:02:47.260 As primary results continue to roll in across races in several different states,
00:02:52.240 a stunning upset in Iowa's GOP gubernatorial primary. Republican Zach Lane, a farmer and
00:02:58.480 businessman, toppling sitting Congressman Randy Feenstra in the race. Lane, a political outsider
00:03:04.200 backed by the Make America Healthy Again, or MAHA movement, running on an anti-establishment
00:03:09.260 conservative platform, while focusing in on an Iowa-first agenda. Feenstra entering the race as
00:03:15.680 the favorite, armed with name recognition, establishment support, and an endorsement
00:03:20.380 from President Trump just days before the primary day. But voters handing the nomination to Lane in
00:03:25.600 a very tight battle. Here, Feenstra announcing his concession Tuesday night. I just called Zach
00:03:31.040 Lane, said, hey, you got to carry this torch. We got to keep this state red. You got to make sure
00:03:36.960 you beat Rob Sand. I'm all in to help him out. We are going to make sure that we have him as
00:03:42.340 the next governor. Lane declaring victory soon after getting that call. I don't have to tell
00:03:47.660 you this, but nobody thought this could be done. We were outspent, opposed by the establishment,
00:03:52.980 told to wait our turn.
00:03:55.580 Well, tonight, the people of Iowa had something to say about that,
00:03:59.040 that we're not going to wait anymore.
00:04:01.120 They said Iowa doesn't belong to the political class.
00:04:05.220 They said our state does not belong to the lobbyists,
00:04:07.660 special interests, and corporate giants who for far too long
00:04:10.960 have had way too much power in our state.
00:04:14.180 The victory reshaping the race to replace outgoing Republican Governor Kim Reynolds,
00:04:18.820 a two-term incumbent who did not run for re-election,
00:04:21.780 setting up a high-stakes November showdown with Democratic State Auditor Rob Sand.
00:04:27.880 A few states over, another noteworthy victory in New Jersey,
00:04:31.280 with political newcomer Adam Hamawe winning New Jersey's crowded Democratic primary
00:04:36.340 to replace retiring Congresswoman Bonnie Watson Coleman.
00:04:40.140 New Jersey's 12th Congressional District is very heavily Democrat.
00:04:43.780 Hamawe, a retired Army combat surgeon, building his campaign around his military service,
00:04:48.640 humanitarian medical missions to Gaza, and outspoken criticism of Israel's war in the
00:04:53.340 territory. Here, Hamouid declaring victory Tuesday night. It wasn't easy running this race.
00:04:59.700 Things got nasty. My family was attacked. My values were questioned, and my patriotism
00:05:07.560 was spat on. There once was a time where this might have worked, when racist and anti-Muslims
00:05:15.060 attacks would have turned an election. But tonight, we proved that this era of American politics
00:05:21.800 is over. Hamawi, who immigrated to the United States from Egypt as an infant, overcoming a
00:05:27.520 field of a dozen candidates, aided by support from progressive groups and a super PAC that spent
00:05:32.340 heavily on his behalf. His victory coming despite attacks from critics over his appearance as a
00:05:37.660 defense witness in the trial of Sheikh Omar Abdel Rahman, known as the Blind Sheikh, a cleric linked
00:05:43.920 to the 1993 World Trade Center bombing.
00:05:47.520 Hamaway's campaign dismissing those criticisms
00:05:49.440 as guilt by association.
00:05:51.920 Hamaway explaining his relation to the blind shake
00:05:54.440 in an interview with the media outlet Insider and Jay.
00:05:57.700 He wasn't, you know, preaching like,
00:06:00.380 you know, death and destruction all the time.
00:06:02.080 And he has certain views that he spoke in certain forums,
00:06:05.080 but that's not what he did every single day.
00:06:06.920 And he was a blind old man that, you know,
00:06:08.740 people, you know, volunteered when he needed,
00:06:12.400 you know, some kind of service
00:06:13.520 because he couldn't take care of himself.
00:06:15.320 And so that's kind of all the association is.
00:06:19.020 There was nothing back then and there's nothing now.
00:06:22.500 With the primary behind him,
00:06:23.780 Hamaway now advancing to November's general election
00:06:26.500 as the clear favorite
00:06:27.780 in one of New Jersey's safest Democratic seats.
00:06:30.940 Meanwhile, counting is still underway
00:06:32.420 in key California races,
00:06:34.260 including the race for governor
00:06:35.400 and the race for Los Angeles mayor.
00:06:38.040 As of last night,
00:06:38.780 no final pairing in the runoffs has been declared.
00:06:43.520 The Trump administration's controversial fund to compensate people who were victims of government, quote, weaponization, is over before it ever really began.
00:06:50.700 During a Tuesday appearance before a House Appropriations Subcommittee, Acting Attorney General Todd Blanche telling lawmakers the so-called Anti-Weaponization Fund would not be moving forward, much to the surprise of Democratic Congresswoman Grace Meng of New York.
00:07:05.460 So, look, we're not moving forward with the fund, period.
00:07:08.500 The reasons for the fund is something that President Trump talked about for a long time, which is the fact that there were a lot of people in this country who had their government weaponized against them.
00:07:19.280 The reasons for the fund, I think, remain as important as they were before, but we are not moving forward with the fund.
00:07:26.500 Not moving forward ever.
00:07:28.320 Correct.
00:07:29.500 The confirmation coming a day after Axios, citing two senior administration officials, said plans for the fund were, quote, dead for now.
00:07:36.980 Meng and federal Democrats pressuring Blanche, President Donald Trump's former personal defense lawyer, to commit to rescind in writing the acting AG's May 18th order establishing the $1.776 billion anti-weaponization fund.
00:07:53.500 Blanche repeatedly refusing to commit, like in this testy exchange with Meng.
00:07:57.740 You and Associate Attorney General Woodward signed earlier documents regarding the settlement
00:08:04.900 and this fund. Would both of you now sign and release documents reversing the DOJ's
00:08:12.020 position on the fund? We're not moving forward with the fund. I'm not sure what that means to
00:08:17.340 sign documents reversing. There's nothing to reverse. We're not moving forward with the fund.
00:08:21.280 The acting AG instead telling the subcommittee the fund, created as part of a settlement with
00:08:26.120 President to end his $10 billion lawsuit against the IRS over the leaking of his 2019 and 2020 tax
00:08:32.760 returns, quote, wasn't set up yet, and there were, quote, no commissioners named. The taxpayer-funded
00:08:38.800 anti-weaponization fund designed to compensate individuals who claimed they were politically
00:08:43.680 targeted or unfairly prosecuted by the federal government, facing legal challenges and bipartisan
00:08:49.480 scrutiny from the start. Opponents labeling it a, quote, slush fund for President Trump's allies,
00:08:54.780 including January 6th defendants. And Senate Republicans holding off on a vote originally
00:09:00.300 planned for last month to fund ICE and Border Patrol due, in part, over concerns about the
00:09:06.020 funding, according to NBC News. GOP Senator Ted Cruz of Texas revealing on his podcast how a May
00:09:12.540 22nd meeting between Blanche and Senate Republicans about the fund went sideways.
00:09:18.200 Fiery does not begin to cut it. Almost every Republican senator was there,
00:09:23.880 So my guess is there are probably 45 senators in the room. At least half of them were blasting the attorney general and they were pissed the entire meeting.
00:09:35.700 They were screaming at the acting attorney general and he was trying to lay out the legal basis.
00:09:39.980 And by the way, the legal basis is quite sound.
00:09:43.880 Blanche telling lawmakers that scrapping the fund does not affect the part of the settlement that, in effect, prevents the IRS from investigating President Trump, his family, and his businesses for existing tax violations.
00:09:56.420 In the wake of Blanche's testimony, Senate Republicans now moving forward with the reconciliation package to fund the Department of Homeland Security's immigration agencies.
00:10:06.560 Senate Majority Leader John Thune telling reporters Tuesday that he is, quote, hopeful Republicans have the votes to pass it.
00:10:14.180 Coming up, President Trump and Israeli Prime Minister Netanyahu dismissing claims of any
00:10:19.180 rift growing between them after the president confirms a profanity-filled phone call between
00:10:24.440 them this week. And as massive money floods into college sports, a hearing on Capitol Hill seeks
00:10:29.940 to create rules for amateur athletes. In the U.S., a break-in happens every 26 seconds.
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00:11:44.040 Safe. President Trump confirming reports that he called Israeli Prime Minister Benjamin Netanyahu
00:11:51.160 quote, effing crazy during a recent call between the two leaders. As the conflict in the Middle
00:11:56.660 East drags on, rumors of a rift between the two leaders circulating, broken in reporting from
00:12:01.760 Axios. Speaking on Miranda Devine's PodForce One podcast, Trump's saying he was frustrated
00:12:07.680 that the ongoing negotiations with Iran were once again jeopardized by Israel attacking Lebanon.
00:12:13.260 Now, Axios reported that you had a phone call with Bibi Netanyahu, the Prime Minister of Israel,
00:12:18.440 in which you were angry with him. You said, are you effing crazy? What are you effing doing?
00:12:24.800 I helped you stay out of jail. Is that true? Did you speak to him in those terms?
00:12:29.140 I did. I wouldn't say angry. I was a little bit perturbed at his constantly fighting with Lebanon.
00:12:38.340 You know, at some point I said, Bibi, we got to stop this. We got to stop it.
00:12:43.460 But I have a very good relationship. We've done well, done well together.
00:12:47.360 He always says we could never have done it, but everybody knows that we could have never done it without the United States.
00:12:54.000 But we've we've I've worked very well together. I like Bibi a lot. And I've worked very well with him. We had a you know where he I'm a wartime president. He's a wartime prime minister. Very important part of the world. And I think we've done very well. We've we've gotten along very well together.
00:13:11.000 Israeli drone strikes reportedly killing 11 in Lebanon this week, according to the Associated
00:13:16.720 Press. The strikes coming just one day after Mr. Trump posted that Israel and Hezbollah
00:13:21.600 had agreed to dial back fighting. Hezbollah, an Iranian proxy group, launching strikes in response.
00:13:28.420 Prime Minister Netanyahu joining CNBC for an interview Wednesday,
00:13:32.140 saying that he and Trump talk every two days, and while there is definitely some disagreement,
00:13:36.420 their main goals align.
00:13:38.220 Well, I'm not going to get into details of our conversations.
00:13:40.620 We've had thousands, well, a lot, a lot of them.
00:13:44.180 And if you think this is a crisis, you should be in some other conversations.
00:13:47.340 But we've always found a way.
00:13:49.240 We have so many agreements.
00:13:50.740 We agree on the main things.
00:13:52.260 We want to get Iran, the nuclear program in Iran, finished.
00:13:55.880 We want to make sure that Iran doesn't pose a threat to Israel, to the Middle East, to America,
00:14:00.580 that it doesn't develop nuclear weapons and the means to deliver them,
00:14:04.140 not only to Israel and to every capital in Europe, but to every city in the United States.
00:14:08.360 That's our common goal. That's what we set out to do. And to expand the circle of peace,
00:14:13.160 as the president and I did in the Abraham Accords together. So we have common goals. Sometimes we
00:14:18.960 have, as in the best of families, you have these tactical disagreements. We always find a way to
00:14:23.880 work them out. And we do so as great friends. Mr. Trump, in the Pod Force One interview,
00:14:30.620 echoing Netanyahu regarding Iran's nuclear program and saying that gas prices in America
00:14:35.300 will come back down. We don't have very much inflation. Look, if you take away just the price
00:14:40.800 of gasoline, the energy, we have very little inflation. We're doing very well other than this.
00:14:46.300 So, but that's a big, that's a big puller, you know, energy and gasoline and all. That's a big
00:14:53.460 factor. We want low gasoline. You know, I had it, I had it down to $1.85 a gallon. Think of it,
00:14:59.380 $1.85 in Iowa. I think as soon as it ends, it's going to come. It's already, by the way,
00:15:04.440 it's already way down. You know this. I mean, I saw it the other day. It's $98 a barrel.
00:15:10.060 So everyone said it was going to be $300, $400 a barrel. It's $98 a barrel. But that's not a big
00:15:15.980 price to pay if you look at the possibility of them having a nuclear weapon. It's not a very
00:15:21.640 big price to pay. Meanwhile, further military escalation coming from Iran. Iran hitting a
00:15:27.020 terminal at Kuwait's main international airport yesterday and killing at least one person with
00:15:31.660 dozens more injured. The attack coming just days after the facility reopened following other war
00:15:36.820 related closures. Kuwaiti officials saying all commercial flights were suspended. Kuwait's
00:15:42.260 government condemning the attack, warning it reserves the right to respond. The U.S. saying
00:15:47.220 it carried out retaliatory strikes against an Iranian military facility and that air defenses
00:15:52.380 intercepted several incoming threats, preventing casualties among U.S. forces. Iranian media
00:15:58.560 reporting Tehran has halted communications over efforts to extend the ceasefire in its
00:16:03.680 conflict with the U.S. and Israel, though President Trump still insists negotiations
00:16:08.300 remain on track.
00:16:10.960 A historic hearing on Capitol Hill yesterday aimed at bringing order to a college sports
00:16:16.200 system many see as needing fixing.
00:16:18.140 in the era of name, image, and likeness, or NIL,
00:16:22.020 payments on the rise, and the transfer portal
00:16:24.140 making it easier for college athletes
00:16:26.000 to switch schools like they're professionals.
00:16:28.600 The hearing coming one week after
00:16:30.140 U.S. Senators Ted Cruz of Texas
00:16:31.940 and Maria Cantwell of Washington
00:16:33.780 introduced the Protect College Sports Act of 2026,
00:16:37.740 the bill providing the NCAA with an antitrust exemption
00:16:40.840 to enforce several rules
00:16:42.500 that have been challenged in court in recent years.
00:16:45.240 Those rules would include limiting athletes
00:16:47.720 to transferring schools only one time without penalty,
00:16:50.960 limiting athlete eligibility to a maximum of five years,
00:16:54.280 prohibiting former professional athletes
00:16:56.060 from playing in college,
00:16:57.440 and prohibiting schools from poaching a coach
00:16:59.940 from another school during their sports season.
00:17:02.500 Here, Senator Cruz opening up the hearing.
00:17:05.180 As a lawmaker, it was not my intention
00:17:07.820 to try to insert Congress into college sports.
00:17:11.340 College sports came to Congress
00:17:12.980 because changing the law is the only way
00:17:15.760 to fix the legal chaos that we're seeing right now.
00:17:19.240 Congress, unfortunately, helped create the legal environment
00:17:23.260 in which college sports now operates.
00:17:26.220 Federal antitrust, broadcasting, and interstate commerce laws
00:17:29.800 shape what schools and conferences and governing bodies can do.
00:17:34.460 If college sports cannot enforce basic rules
00:17:37.640 because of the laws that Congress wrote,
00:17:39.980 then Congress has a responsibility to adjust them,
00:17:42.300 and we're the only people who can.
00:17:44.460 Among those called to testify, legendary former Alabama coach Nick Saban, who's been very
00:17:49.700 outspoken on the matter in the past.
00:17:52.380 During his testimony before the Senate Commerce, Science, and Transportation Committee, Saban
00:17:56.600 calling for a national framework governing NIL payments and the transfer portal to be
00:18:01.600 created, warning the current system is drifting toward professional free agency.
00:18:05.820 I believe we want an education-based model that compensates athletes fairly, protects
00:18:11.380 athletes properly and still preserves development, competition, opportunity, and tradition.
00:18:16.580 That is what this bill is trying to do. It isn't perfect, and I'm sure many, many adjustments need
00:18:22.740 to be made, but this is a serious bipartisan effort to bring order to a system that is badly
00:18:29.680 needs fixing. I don't think this is bipartisan. I think it should be non-partisan. It's that
00:18:36.980 important in terms of college athletics, in terms of the future for young people. It protects
00:18:42.720 athletes. It protects opportunity. It protects competitive balance. It protects the sports
00:18:48.180 that do not always generate revenue, but still matter. The seven-time national champion also
00:18:53.880 pointing to the rapid growth of NIL spending, noting Alabama's collective funding growth during
00:18:59.180 his time with the program. My first year we had collective at Alabama, 2.7 million. Next year,
00:19:05.760 $7 million. Next year, $10 million. I retired. Next year, $17 million. Next year, $24 million.
00:19:11.580 Now you have schools that have close to $40 million rosters. So if we continue to do that,
00:19:17.840 we're going to lose Olympic sports. We're going to lose non-revenue sports. We're going to lose
00:19:21.660 scholarships. And basically what's going to happen is you're going to have football and basketball
00:19:25.920 succeed, and we'll have club sports for everything else with no scholarships. That's horrible. I mean,
00:19:32.880 we can't let that happen. Supporters of the Protect College Sports Act, like Saban,
00:19:38.120 warned that without reform, schools could cut non-revenue sports and college football could
00:19:42.900 eventually splinter into a super league dominated by the wealthiest programs. The proposal faces
00:19:48.240 opposition from major conferences like the SEC and Big Ten, which say key issues remain unresolved.
00:19:57.340 That'll do it for your AM Update. I'm Emily Jashinski, host of After Party.
00:20:01.420 Catch The Megyn Kelly Show live on SiriusXM's The Megyn Kelly Channel,
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