The Megyn Kelly Show - Questions About ＂Sea Mines,＂ Truth About Gas Prices, Family Sues CA City Over Crime： AM Update 3⧸11

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00:00:32.500 Hey, good morning, everyone.

00:00:33.760 Mark Kalpern here, host of Next Up and filling in for Megyn Kelly.

00:00:37.360 It's Wednesday, March 11th, 2026, and this is your AM update.

00:00:41.900 U.S. casualties rising in Iran as concerns grow over possible Iranian mines in a critical oil shipping route.

00:00:49.120 Gasoline will hit the $4 average per gallon, even if the conflict ends tonight.

00:00:54.300 With gas prices surging at home, former oil trader Eric Bolling weighs in on what comes next and a possible solution to the conflict.

00:01:02.280 They've had a long history of crime in this area.

00:01:05.160 In fact, in the last four years, they had 675 calls for service in this particular area.

00:01:12.360 A California family is suing its city after a man is stabbed to death, charging his Tesla outside a public library.

00:01:19.740 And California Governor Gavin Newsom's wife is under scrutiny as IRS filings reveal her charity paid millions to her company.

00:01:27.200 All that and more coming up in just a moment here on your AM update.

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00:02:35.380 Approximately 140 U.S. service members wounded since the beginning of Operation Epic Fury targeting Iran, according to Pentagon spokesman Sean Parnell.

00:02:46.880 Of the injured, Parnell saying 108 already returning to duty, while eight remain seriously injured.

00:02:52.520 The update coming as the White House continues describing the operation as a major success in degrading Iran's military capabilities.

00:03:00.520 Press Secretary Caroline Leavitt at the White House yesterday telling reporters that Iranian military retaliation dropping sharply,

00:03:07.040 saying ballistic missile attacks are down more than 90% and drone attacks are down roughly 85% since the beginning of the campaign.

00:03:14.920 Attention now shifting to threats from the seafloor.

00:03:17.700 U.S. intelligence assets now seeing signs that Iran is prepping to deploy mines within the Strait of Hormuz's shipping lanes,

00:03:24.900 reports CBS News.

00:03:26.060 The Iranians reportedly using smaller vessels carrying two to three mines each,

00:03:30.480 with estimates indicating the country possesses anywhere from 2,000 to 6,000 of the devices.

00:03:36.620 The development raising concerns Iran could endanger oil tanker traffic through the narrow strait,

00:03:41.760 responsible for moving roughly one-fifth of the world's oil supply.

00:03:45.420 President Trump issuing a warning to Iran yesterday afternoon on TrueSocial,

00:03:49.700 quote,

00:03:50.340 If Iran has put out any mines in the Hormuz Strait and we have no reports of them doing so,

00:03:55.440 we want them removed immediately.

00:03:57.880 If for any reason Trump-continued mines were placed and they are not removed forthwith,

00:04:02.080 the military consequences to Iran will be at a level never seen before.

00:04:06.760 Mr. Trump following up in another post shortly after,

00:04:10.040 quote,

00:04:10.420 I am pleased to report that within the last few hours we have hit and completely destroyed 10 inactive mine-laying boats

00:04:16.440 and or ships with more to follow.

00:04:19.180 With concerns growing about the potential impact on oil markets and gas prices here at home,

00:04:24.800 Levitt describing what victory will look like to President Trump.

00:04:27.980 Does the president still want Iran's unconditional surrender?

00:04:32.140 Well, when President Trump says that Iran is in a place of unconditional surrender,

00:04:37.120 he's not claiming the Iranian regime is going to come out and say that themselves.

00:04:41.900 What the president means is that Iran's threats will no longer be backed by a ballistic missile arsenal

00:04:47.800 that protects them from building a nuclear bomb in their country.

00:04:51.240 I could make an empty threat, but if I have no actions to back it up, then it's an empty threat.

00:04:56.620 And so President Trump will determine when Iran is in a place of unconditional surrender,

00:05:01.520 when they no longer pose a credible and direct threat to the United States of America and our allies.

00:05:07.880 As Operation Epic Fury rages on, Americans beginning to feel the costs here at home.

00:05:13.060 Gasoline prices on the rise this week.

00:05:14.820 The national average sitting at $3.54 per gallon for regular,

00:05:19.760 a 43 cent increase compared to last week and a 62 cent increase from last month, according to AAA.

00:05:25.700 Though higher than recent months, the national average is still much lower than a pandemic-era peak of just over $5 per gallon.

00:05:33.720 Crude oil prices at $86 per barrel as of yesterday afternoon.

00:05:38.120 California, reporting the highest prices, had an average of $5.29 per gallon.

00:05:44.200 Kansas, with the cheapest average, at $2.96.

00:05:47.680 The price increases, adding new pressure on the president's affordability messaging ahead of November's midterms.

00:05:54.600 Though, of course, much could depend on how long the spike lasts.

00:05:58.340 Prolonged high costs risk fueling voter frustrations ahead of those crucial elections.

00:06:03.460 CBS News speaking to Americans about the pain at the pump.

00:06:07.440 The gas prices going up is very frustrating.

00:06:10.140 I'm paying $40, but that doesn't get me a full tank anymore.

00:06:15.040 Just watching the gas prices go from like $3.20 all the way up to $3.80 has been really scary.

00:06:21.940 Speaking to reporters on Monday, President Trump casting higher prices as short-term pain for long-term gain.

00:06:28.400 We're putting an end to all of this threat once and for all,

00:06:31.180 and the result will be lower oil prices, oil and gas prices for American families.

00:06:38.140 We've done that.

00:06:38.820 We've done it.

00:06:39.320 We brought it very low.

00:06:40.280 This was just an excursion into something that had to be done.

00:06:45.080 We spoke to the host of The Edge on YouTube, Eric Bolling, who spent 35 years as an oil trader.

00:06:50.440 He tells us he has never seen a situation this volatile.

00:06:54.040 I've never seen the volatility like it is right now.

00:06:58.420 So I've seen markets move up aggressively, and I've seen them move down aggressively.

00:07:03.880 But we're seeing markets go, oil markets specifically, going up and down violently, 20, 30% of their value in minutes.

00:07:13.680 I've never, ever seen it this nervous.

00:07:16.920 I think it is a function of no one really knows what Trump is going to do.

00:07:22.260 No one really trusts what the Middle Eastern countries are going to do. 1.00

00:07:26.340 And the media is just hyping everything that comes out, every news piece, and that's just adding to the volatility.

00:07:33.560 Bolling predicts gas prices are likely to keep going up.

00:07:37.100 I will guarantee you, based on just the information, the media, the rhetoric, the heightened rhetoric,

00:07:45.080 gasoline will hit a $4 average per gallon, even if the conflict ends tonight, even if it's over.

00:07:51.880 Just because, like I said, it takes 45 days to run a barrel of crude oil through a refinery and get it to the gas stations.

00:07:59.100 So whatever these prices are today, the $119 yesterday or the $98 the day after,

00:08:08.580 those prices will eventually make it to the pump, even if things calm down.

00:08:12.320 Let me tell you, the Middle East, between the Persians and the Arabs, have a vested interest in higher prices. 0.97

00:08:19.620 So the longer the conflict draws out, the higher the gasoline price will be.

00:08:24.680 We won't top out at $4.

00:08:26.740 We could top out at $4.50.

00:08:28.380 We could top out at even $5 a gallon.

00:08:31.200 We asked Bolling if he thinks gas price increases will be temporary.

00:08:35.040 I don't know if it's short-term pain.

00:08:36.700 I don't know that anyone knows if it's going to be short-term pain or not.

00:08:40.480 For the first time ever, the Iranians are bombing Abu Dhabi, Bahrain, Saudi Arabia, other Arab countries, Persians bombing Arab countries. 0.98

00:08:49.600 These are all producing nations.

00:08:51.360 Like I said, it's going to be at least another 45 days of pain minimum based on what's already happened

00:08:58.080 before we can even start to think about calming down.

00:09:00.580 Don't forget, $100 barrel of oil is much better for not only the Iranians, but the Saudis and the Abu Dhabis and the UAEs and the Kuwaitis and the Omanis.

00:09:11.260 So there's a good chance that they're going to keep this conflict going, even if they say they don't want it to, because they didn't like a $55 barrel of oil.

00:09:21.960 They're loving a $100 barrel of oil, and they may get it for some extended period of time if this thing continues.

00:09:29.980 And I don't see anyone in the Middle East trying to calm it down or tone it down.

00:09:34.540 Bolling weighing in also on the domestic political ramifications for the president if gas prices do remain high.

00:09:41.120 Yeah, unfortunately, this is the one Achilles that conservatives have in Trump as a higher oil price.

00:09:48.380 So I believe inflation is going to go up based on this.

00:09:51.660 And coming off, you know, four years of a Biden administration where inflation was one of the main reasons why he had to step aside besides his dementia,

00:10:00.740 but certainly the economy and inflation, it's going to be tough to kind of downplay inflation politically because we made such a right,

00:10:10.760 has made such a big deal of it over the last four years.

00:10:13.020 So I think this is very detrimental, and I think it's in the president's best interest.

00:10:17.680 And the conservative movement's best interest to solve this as quick as possible.

00:10:24.080 Bolling tells us he has proposed a solution to the Trump administration, offering deals to both Venezuela and Iran to create public-private petroleum corporations like Saudi Aramco.

00:10:35.260 Under this structure, the government owns the oil, but private companies extract it.

00:10:39.720 Bolling explains.

00:10:41.040 Venezuela produces a million barrels a day right now, but they've had the potential to produce three million, four million barrels a day.

00:10:46.880 In Iran, they produce about three million a day, but they can do up to seven or eight million barrels a day.

00:10:52.500 So there's about a seven to nine million barrel increase that could be extracted from these two countries' grounds if they were able to get the oil out.

00:11:02.920 But they haven't because they've been sanctioned and they've been, you know, corruption and whatnot.

00:11:07.120 If Trump came in and said, look, I will take our boot off your neck right now, but you have to kind of deal with our oil companies that we're going to produce additional barrels of oil from your two reserves.

00:11:20.880 And at market price, we will be the buyer of those barrels.

00:11:25.900 So the most important thing it does is the gap between what we use, 20 million barrels a day in America, and what we produce, 13 million barrels a day, is 7 million barrels.

00:11:36.200 That literally fills the gap between what we need and what we produce ourselves.

00:11:42.120 So we would never, ever be dependent on one drop of foreign oil ever again.

00:11:49.660 Coming up, a California man stabbed to death while using a public charging station.

00:11:54.860 Then the ambulance has stolen his family now suing the city.

00:11:58.600 And Governor Gavin Newsom's wife, also in California, under scrutiny as IRS filings reveal millions flowing from her charity to her company.

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00:13:02.360 A California family now filing a $40 million claim against the city of Downey after a 68-year-old lab technician was killed while charging his Tesla outside a public library.

00:13:15.780 The family of Rinaldo LaFontz, alleging city officials failed to protect residents in an area they say had a very long history of crime,

00:13:23.960 and that series of failures during the emergency response contributed to his death.

00:13:28.640 LaFontz charging his vehicle at an EV station outside the Downey City Library back on September 13th when police say he was stabbed and killed by Giovanni Navarro,

00:13:39.080 a homeless man with 28 prior convictions, including brandishing a weapon, attempted burglary, criminal threats, and resisting arrest.

00:13:46.780 According to the family's claim, Navarro had been arrested for trespassing in the same area less than 24 hours earlier.

00:13:52.840 In the critical moments after the attack, the situation only growing more chaotic, paramedics arriving to treat LaFontz when another homeless man,

00:14:00.560 Nicholas DeMarco, allegedly stole the ambulance from the scene, leading police on a high-speed chase before crashing the vehicle and being taken into custody.

00:14:09.420 Court filings say the ambulance was not equipped with an anti-theft locking system used on many emergency vehicles,

00:14:15.360 and argues the delay in medical care cost LaFontz his life.

00:14:19.140 The family now seeking $35 million in general damages and $5 million more in economic damages tied to lost financial support and funeral expenses.

00:14:28.860 Attorney for the family, Alex Scalindo, speaking to Fox News yesterday about the dangerous history of the city center where officials placed an electric vehicle charger.

00:14:38.580 The city of Downey, this was a colossal failure on their behalf.

00:14:41.940 They had known for quite some time, in fact, 10 years, another officer was murdered in this same parking lot, one of its own police officers.

00:14:51.900 They've had a long history of crime in this area.

00:14:54.800 In fact, in the last four years, they had 675 calls for service at this particular area.

00:15:02.380 And the city's liability is based on the fact that they had helped create the danger in this area.

00:15:07.300 They knew that this was a high-climb area.

00:15:09.600 They invited people such as Mr. LaFontz to come to this area, charge their vehicle, and charge for it.

00:15:15.960 But they failed to protect the individuals who would come and use their services.

00:15:20.900 And this happened right in front of the library and at Civic Center where the residents would come and seek the services of the city.

00:15:28.040 So the basis of the liability is they created this danger by knowing that this was a dangerous area and invited people to come and use it for a commercial purpose.

00:15:39.420 Authorities charging Navarro with murder, along with a special allegation that he used a deadly weapon during the attack,

00:15:45.460 he's scheduled to appear for a pretrial hearing in Los Angeles Superior Court on April 2nd.

00:15:50.040 Democratic Governor of California Gavin Newsom's wife is now facing scrutiny over finances tied to her nonprofit.

00:15:58.580 According to IRS filings reviewed by the Daily Mail,

00:16:01.440 Jennifer Siebel Newsom paying herself and her company Girls Club LLC more than $3.7 million over the past decade

00:16:08.300 through her gender advocacy nonprofit called The Representation Project,

00:16:12.640 the organization saying online its mission is to challenge gender stereotypes through film, education, and activism,

00:16:19.320 producing documentaries including Misrepresentation and The Mask You Live In,

00:16:23.820 a documentary following boys and young men, quote,

00:16:26.640 as they struggle to stay true to themselves while negotiating America's narrow definition of masculinity.

00:16:32.900 Financial filings reviewed by the Mail show the nonprofit bringing in between $1 million and $1.7 million a year

00:16:39.080 in grants and donations with $300,000 going to Siebel Newsom and her company.

00:16:44.140 That includes $150,000 in salary for her and another $150,000 paid to Girls Club LLC for filings described

00:16:51.860 as writer, director, and producer fees tied to the films.

00:16:55.940 A Daily Mail analysis finding compensation at the nonprofit exceeds that of more than 95% of charities of a similar size.

00:17:03.840 Other executives also receiving six failure salaries, including the executive director and CFO,

00:17:09.040 for the fiscal year ending in March of 2024.

00:17:12.280 The outlet noting not all of the $300,000 paid to the company necessarily goes directly to Siebel Newsom

00:17:18.140 as the business may have production costs and overhead.

00:17:21.440 The Daily Mail also noting that several donors to the charity, including utility company PG&E

00:17:26.680 and AT&T, Comcast, and Kaiser Permanente,

00:17:30.480 also receiving state contracts or funding from the Newsom administration.

00:17:35.000 Critics arguing this raises ethical questions,

00:17:37.400 although Newsom and his wife maintain there is no impropriety in their dealings.

00:17:42.160 The representation project declining to comment on the Daily Mail's reporting.

00:17:46.700 AM Update reached out to Governor Newsom's office and the representation project for comment,

00:17:51.160 but did not hear back.

00:17:53.860 That's it for your AM Update.

00:17:55.520 I'm Mark Calpern, host of NextUp.

00:17:57.140 Catch the Megyn Kelly Show today,

00:17:59.020 live on SiriusXM's The Megyn Kelly Channel,

00:18:01.280 111 at noon east or on youtube.com slash Megyn Kelly and all the podcast platforms.

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The Megyn Kelly Show - March 11, 2026

Questions About ＂Sea Mines,＂ Truth About Gas Prices, Family Sues CA City Over Crime： AM Update 3⧸11

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