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Chuck Todd opens with the collapse of U.S.-Canada trade talks, where Mark Carney walked away after last-minute American demands — chiefly on mid- and heavy-duty truck tariffs — and declared the U.S. can't be trusted as a partner. Asked about the tone of his remarks, Carney's answer was blunt: you are at war when you get attacked. Chuck notes the whole western world is quietly cheering him on even as individual European leaders push back while the EU took its deal, and argues the real problem is that this administration isn't negotiating with one voice. The fallout lands squarely on Senate battlegrounds, forcing Susan Collins to speak out against her own party's trade war. Then there's beef: Trump's move to let in 300,000 metric tons of tariff-free ground beef drew immediate fire from cattle groups and Republicans including Ashley Hinson and Tim Sheehy, and Chuck argues it's a tacit admission that the tariff regime is raising prices. Battleground states account for two-thirds of American cattle ranching, Iowa becomes the bellwether, and Trump is single-handedly making safe races competitive — while Scott Bessent defends the indefensible, calling tariff refunds corporate welfare and arguing the country needs fewer jobs because of deportations, all as the national debt clears $40 trillion. Then Chuck highlights that polling between July 4th and Labor Day is largely wasted money, the August electorate isn't the November electorate, polling has gotten cheaper and worse, and polling averages deserve real skepticism. Arkansas is the case study — five Senate polls, four poorly done, and the one that got everyone's attention showing Tom Cotton in trouble had bad methodology. Chuck’s landing: don't buy the poll, but Cotton may be in some trouble anyway, because he's an old-school hawk who championed war with Iran in a state where Trump commands more personal loyalty than he does. He won't lose, but the margin could surprise. Chuck also flags red flags in Byron Donalds' northern Florida margins, argues the USS Abraham Lincoln reporting exposed a credibility crisis at a Pentagon where Hegseth treats accurate reporting as a personal threat, and warns it'll take decades for either the Pentagon or DOJ to recover. Plus: an NRSC memo declaring data center politics toxic, Mike Rogers keeping AIPAC out of Michigan while El-Sayed argues outside money shouldn't buy the state's politics, and Hakeem Jeffries meeting privately with Jared Kushner — which Chuck defends outright, because communication isn't betrayal even when the base wants confrontation. He closes on the question underneath the ToddCast's Lakers special report: with private credit over $1.5 trillion and life insurers holding roughly $900 billion of it, is Mark Walter an outlier or the canary in the coal mine? Chuck’s answer is that he isn't an outlier at all — this is how the machine works now, in a corner of finance where no single regulator can see the whole picture and where the real worry may be inflated valuations. Finally, Chuck hops into the ToddCast Time Machine to revisit Harry Truman nationalizing the railroad system… and why emergency presidential powers need to be taken back by congress. He also answers listeners’ questions in the “Ask Chuck” segment. Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck / *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 03:00 Noosphere interview this week is on China shock 2.0 05:00 Dynastic this week is on Alabama football 07:00 A couple shout outs from Chuck 11:00 Trade talks between U.S. and Canada collapse 11:30 Mark Carney says the US can’t be trusted as a partner 12:30 Carney says U.S. fired the first shot in trade war with Canada 13:45 Carney doesn’t want Canada subservient to U.S. & will diversify 15:00 European leaders are individually pushing back, but EU took the deal 16:00 The whole western world is cheering on Mark Carney 18:00 We were close to a trade deal, then U.S. added new demands 19:00 Howard Lutnick got involved and created new problems 20:15 The Trump administration isn’t negotiating with one voice 21:15 All the senate battleground races are impacted by Canada trade war 22:30 These aren’t trivial trade relationships with Canada 23:00 Susan Collins is being forced to speak out against trade war 24:30 Trump is now creating a fight with the beef & cattle industry 25:15 Importing cheap foreign beef is admission tariff regime hurts consumers 26:00 Trump will hurt American cattle producers by importing beef 26:45 Battleground states account for 2/3rds of cattle ranching 27:45 This could make uncompetitive elections very competitive 28:15 Iowa will be the bellwether for Trump’s policies impacting ag states 29:15 Trump is actively hurting Republicans in ag heavy states 30:00 Scott Bessent is forced to say the stupidest things to defend Trump 30:30 Bessent is now saying tariff refunds are corporate welfare 31:30 Bessent says we don’t need as many jobs due to deportations 32:15 Bessent is trying to manipulate the bond market prior to midterms 33:15 National debt surpassed 40 trillion dollars, both sides point fingers 34:00 We’re going to have to deal with the debt sooner rather than later 35:00 It’s a waste of money to poll between July 4th and Labor Day 35:45 The electorate in August isn’t the same as the electorate in November 37:00 Polling has gotten cheaper… and worse 38:00 Be wary of indiscriminate polling averages 40:00 Arkansas has had 5 senate polls and 4 were poorly done 41:00 Arkansas poll got everyone’s attention, showed Cotton in trouble 42:30 The methodology of the poll was bad & limited 43:45 Don’t buy the poll, but Tom Cotton actually may be in trouble 44:30 Cotton is an old-school hawk, a champion of war with Iran 45:00 Trump has more personal loyalty in Arkansas than Cotton 45:45 Cotton won’t lose, but the margin may be surprisingly close 47:15 Examination of Bryon Donald's margins showed red flags 47:45 Donalds didn’t perform well in northern Florida counties 48:30 Base voters were motivated enough to go vote against him 49:00 USS Abraham Lincoln has revealed a credibility problem with DoD 49:30 Stars & Stripes was created to give troops access to independent info 50:00 Hegseth viewed accurate reporting as a threat to himself 50:30 Hegseth more worried about a presidential run than the troops 51:15 Can’t trust either the Justice Department or the Pentagon 52:00 It will take decades for either institution to regain credibility 53:30 NRSC put out memo saying data center politics are toxic 54:15 Messaging is to “let communities decide” 54:45 Data centers are the beginning of backlash against tech & AI 55:30 Mark Zuckerberg is only tech CEO who understands the backlash 56:00 Mike Rodgers doesn’t want AIPAC publicly involved in Michigan race 56:45 El-Sayed’s argument is outside interests shouldn’t purchase MI politics 57:30 Plenty of American jews support Israel, but not Netanyahu’s government 58:30 Hakeem Jeffries met privately with Jared Kushner 59:00 This meeting shows the Trump WH preparing for Speaker Jeffries 59:30 Jeffries in impossible position, base wants confrontation with Trump 1:00:30 Jeffries and Kushner SHOULD be talking, communication isn’t betrayal 1:01:45 Is Mark Walter an outlier, or the canary in the coal mine? 1:02:15 After financial crisis, government cracked down on banks 1:02:45 US private credit is now over $1.5 trillion dollar 1:03:30 Life insurance companies have become banks for the ultra wealthy 1:04:30 LIfe insurance companies can operate very differently 1:05:45 You can’t just pull your money out of a life insurance company 1:07:00 The incentives between investment firm & policyholder may not align 1:08:15 Life insurance companies hold $900B in private credit debt 1:08:45 Mark Walter isn’t an outlier, this is how the machine works 1:09:30 If a life insurance company fails, your money can be frozen 1:10:30 There are caps on policyholder protection 1:11:00 Executive Life failed when the junk bond market crashed 1:11:45 Executive Life bonds were bought by Leon Black, who founded Apollo 1:12:15 Insurance isn’t regulated by one agency, it’s multiple agencies and states 1:13:30 Regulators can’t get the picture of the entire machine, just pieces of it 1:14:15 Finance regulators have been siloed off from each other 1:15:45 The real worry here could be inflated valuations 1:20:00 ToddCast Time Machine - 1950, Truman seizes the nation’s railroads 1:20:45 Private rail was the primary transportation system at the time 1:21:15 Congress had given the president the tool to do this 1:22:00 The authority was used during WW1 and WW2 1:22:30 Truman wanted to draft striking rail workers into the military 1:23:00 The strike was settled while Truman was addressing congress 1:23:30 Railroad seizure became routine in the Truman administration 1:24:30 Truman decided country couldn’t risk rail strike during Korean War 1:25:45 Truman’s authority was never really challenged 1:26:15 The rail workers unions couldn’t stop workers from walking off the job 1:27:00 In April 1952 steelworkers were threatening to strike 1:28:30 Steel industry sued Truman and won after he tried to seize it 1:29:00 Rail seizure power was granted by congress, not for steel 1:30:45 Future presidents tried to use this same authority, didn’t always work 1:31:15 Congress needs to take back emergency powers after granting them 1:32:45 Could a future president try to use this power to seize the AI industry? 1:34:30 The lesson is how presidents accumulate power over time 1:35:15 Ask Chuck 1:35:30 Parallels between Natalie Harp and Isabel Lyon? 1:39:45 What gives you pause about Mark Kelly as a candidate? 1:43:30 Could a Democratic wave election change smaller local politics? 1:46:15 What is motivating Darline Graham to run for a full term? See omnystudio.com/listener for privacy information.

Chuck Todd digs into Darline Graham's 52-48 runoff win over Ralph Norman in South Carolina — a result that snapped Trump's ugly endorsement streak but only barely, and only because Trump personally recruited her, endorsed her, flew to Myrtle Beach for a rally, and dropped more than $800,000 in MAGA Inc. money on a race his PAC had sat out all cycle elsewhere. Chuck's read is that Trump clearly still moves Republican primary voters, but that a four-point squeaker for an appointed newcomer carrying one of the most recognizable names in state politics is not the show of strength the White House wanted. Graham inherited Lindsey's negatives with voters without inheriting his positives, remains an amateur candidate prone to gaffes, and may be dragged down further by resentment over how she got the seat in the first place. Against her is Democrat Annie Andrews, a pediatrician with a real organization raising real money — and while no Democrat has won a Senate race in South Carolina since 1998, Chuck asks the honest question about a favorable environment: what's Andrews' actual ceiling, and can 48% be a winning number in a state where the Supreme Court gutting the Voting Rights Act has produced a surge in Black turnout? If the blue wave turns into a tsunami, South Carolina lands on the map. A Graham loss in this environment would be a genuine disaster for Trump. That leads into the broader strategic picture, where Chuck reports Trump met with advisors about how to deploy his enormous war chest — with the advisors trying to keep the midterms from becoming a referendum on him, and Trump insisting MAGA Inc. spend on ads touting his record. It's a plan built on turning out voters who show up only for Trump, which could either backfire badly or, Chuck concedes, prevent a tsunami. The deeper problem is that Trump is being told what he wants to hear: he thinks the economy is great, voters emphatically don't, and charts are meaningless to people staring at their grocery bills. Unlike Obama, who inherited a mess, Trump's central problems — the tariffs and the Iran war — were his own choices, which is why blaming Joe Biden won't land with any credibility. Chuck also notes that conservative media has spent the week obsessing over the WNBA, a classic look-over-here tactic from outlets that can't discuss the cost of living, and observes something genuinely changed about Trump's second-term psychology: more countries and institutions are willing to push back, and people simply aren't as afraid of him anymore. He is appalled by the reported plan to tear down the Kennedy Center — calling it disgusting to want your name on someone else's tombstone, noting the Kennedy Center was doing fine, and marveling that the Justice Department put any of this in writing. He closes with his argument that America no longer has two functional parties: Democrats are paralyzed, the GOP is owned by Trump, both are held together only by fear of the other side's extremes, nearly half the public identifies with neither, and state law now protects the duopoly from competition. We demand more choice everywhere else in life. His pitch: stop protecting the two parties, let them divorce, and let voters build something that actually looks like the country. Then, former Trump White House Communications Director and author of the upcoming book All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, Anthony Scaramucci joins the Chuck Toddcast, picking up a conversation the two started in Abu Dhabi just before the Iran war — back when the gulf states were considered one of the safest places on earth. They discuss why America's military industrial complex is badly out of step with modern warfare, and that the circuit running between defense contractors and Washington is why nobody fixes it. He walks through Iran's mosaic defense doctrine and its decentralized command structure, the damage Iranian strikes did to U.S. naval logistics in the Gulf — reporting has traced the USS Abraham Lincoln's resupply crisis back to the destruction of the Navy's main Bahrain hub, which forced operations out to Diego Garcia — and the Pentagon's response to that story, which was to go after the press rather than answer for any of it. Hegseth's Pentagon fired Stars and Stripes publisher Max Lederer, editor-in-chief Erik Slavin, and reporter Lara Korte, citing insubordination months after the department had already forced out the paper's congressionally mandated ombudsman, who sued over it. Firing the journalists at a publication created specifically to give troops independent information is, as Scaramucci frames it, exactly the instinct of an institution that can't withstand scrutiny. The structural problem underneath: a defense industry consolidated down to five giant companies that function like a cartel, operating in a post-Citizens United Washington where corporations reliably get what they want and lobbyists will smother any real reform. We spent enormous sums, he argues, to get embarrassed by Iran — and the countries hosting American bases are quietly concluding it isn't worth it, which means new defense pacts are going to form without the United States in them. From there the conversation widens into competition with China and the fracturing of the western alliance. Scaramucci argues China can plan for the long term in ways America simply doesn't, and that the Pentagon still can't pass an audit with nobody ever held accountable — but he's not a declinist: America's freedoms remain a real advantage over Beijing if the country gets its act together, which is precisely the argument in the op-ed on press freedom that started his rift with Trump, and precisely what the Stars and Stripes firings put at risk. He calls Mark Carney the leader of the western world now, credits Carney with understanding that Trump wants to sever the U.S. from the west, and offers the episode's sharpest line: if Trump were a Putin agent, he'd be getting an A+. On the collapsed Canada trade talks, Scaramucci thinks the dispute gets resolved within a couple of weeks, but he's clear that the Carney path — standing up to Trump directly — is not a path Democrats can simply copy. New coalitions have formed since 2016, and he doesn't see a coalition builder anywhere in the current Democratic Party; Gavin Newsom has been pilloried by conservative media for a decade, and the person capable of assembling something genuinely new may have to come from outside politics altogether. Finally, Chuck presents his ToddCast Top 5 list of 2028 GOP presidential candidates and answers listeners’ questions in the “Ask Chuck” segment. “Pre-order All The Wrong Moves now https://www.scaramucci.net/books Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck / *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 05:30 Darline Graham wins South Carolina runoff w/Trump’s endorsement 06:00 Trump clearly has influence over GOP primary voters 06:45 The race was a test of Trump’s political strength & she barely won 08:15 Darline inherited Lindsey’s negatives with voters, but not the positives 09:15 It took Trump & his operation to get Graham over the finish line 09:45 May not be a path for Annie Andrews to win, but can make it close 10:30 In favorable environment for Dems, what is the ceiling for Andrews? 11:30 Can 48% be a winning number for Annie Andrews? 12:00 Graham is still an amateur candidate, prone to gaffes 13:15 SCOTUS gutting the Voting Rights Act has led to surge in black vote 14:30 Some voters may be turned off by Graham being appointed 15:30 Andrews has a strong organization & is raising real money 16:15 If the blue wave is a tsunami… South Carolina may be on the map 17:15 Trump desperately needed a Darline Graham 19:15 Candidates who ran as Trump candidates are pivoting for the general 21:00 A Graham loss in this environment would be a disaster for Trump 22:00 Trump met with advisors to discuss how to use his giant war chest 22:30 Advisors don’t want the midterms to be a referendum on Trump 23:15 Trump wants MAGA Inc to spend on ads touting his record 24:15 Trump is out of touch, told what he wants to hear 25:45 Trump thinks the economy is great, the voters certainly don’t 27:00 Economic charts are meaningless when costs are so high 27:45 Trump is not meeting voters where they are 28:15 While Obama inherited a mess, the problems now are caused by Trump 29:00 The tariffs and Iran war were Trump’s choices 30:00 Playing the “blame Joe Biden” card won’t land with credibility 31:00 The senate map is still pretty friendly territory for Republicans 31:30 Trump’s strategy is to turn out voters that show up for only for him 32:30 This plan could also backfire on Republicans 33:45 The plan could also possibly prevent a potential blue tsunami 34:15 Conservative media has been obsessing over the WNBA 35:00 They can’t talk about the serious issues, focused on culture wars 35:45 It’s an old political “look over here” tactic 36:45 Conservatives want voters focused on WNBA, not cost of living 37:30 Conservative media tries to change the subject, Trump doesn’t 38:00 Trump’s psychology has clearly changed in term two 38:45 More countries and institutions are willing to push back on Trump 39:30 People aren’t as afraid to stand up to Trump now 40:15 If Trump tears down the Kennedy Center, the symbolism would be powerful 40:45 It’s disgusting to want to put your name on someone else’s tombstone 41:30 The Kennedy Center was doing FINE before Trump 42:15 Trump isn’t nearly as much of a “builder” as he claims to be 43:15 Threatening to tear down the Kennedy Center is just appalling 44:30 It’s crazy that the Department of Justice put this in writing 45:00 Don’t have two functional parties, Dems are paralyzed, GOP owned by Trump 46:30 Both parties contain wings with diverging philosophies 47:45 Both parties stay together because they’re afraid of the other sides extremes 48:45 Nearly half the public doesn’t identify with either major party 49:30 Voters identify as independents to register protest with both parties 51:30 The “left” and “right” labels end up doing the thinking for us 52:15 Parties lost regional identities as politics became nationalized 53:45 State law now protects the two political parties from competition 54:30 We should stop protecting the duopoly 56:30 Every race shouldn’t have to collapse into the same two parties 57:00 There is a constituency for a multiparty democracy 58:30 We keep defending a political system that most agree isn’t working 59:45 Everywhere else in life we demand more choice. Just not in politics 1:00:45 Let the parties divorce and then let the voters decide 1:02:30 Politics should be more representative of what we are 1:07:00 Anthony Scaramucci joins The Chuck ToddCast 1:07:45 Last time seeing each other was in Abu Dhabi right before Iran war 1:09:15 Abu Dhabi was one of the safest places in the world pre-war 1:10:45 How much damage has been done to U.S. & gulf state alliance? 1:11:15 Our military industrial complex is out of step with modern warfare 1:12:00 There’s a circuit between defense contractors and D.C. 1:12:30 Iran will end up closer to their Sunni neighbors after the war 1:13:15 Iran’s mosaic defense doctrine created decentralized leadership 1:14:00 Our naval supply depots have been decimated by Iran 1:15:00 Hegseth’s response was to fire reporters who reported the story 1:17:30 Defense industry has been consolidated down to 5 big companies 1:18:30 Those 5 companies act like a monopoly cartel 1:19:15 Since Citizen’s United, corporations get what they want from D.C. 1:20:45 We’ve spent huge sums of money to get embarrassed by Iran 1:22:15 Countries that hosted U.S. bases finding out it’s not worth it 1:23:00 New defense pacts will be formed without the U.S. involved 1:24:00 The lobbyists will get in the way of any attempts at reform 1:26:15 China is able to plan for the long term in a way the U.S. doesn’t 1:27:15 Anthony’s rift with Trump began was op-ed about importance of free press 1:27:45 Our freedoms are advantage over China if we get our act together 1:29:15 China has some advantages over us, but we also have our advantages 1:30:00 Pentagon can’t pass an audit, but nobody holds them accountable 1:30:30 Mark Carney is now the leader of the western world now 1:31:00 Carney understands Trump wants to sever the U.S. from the west 1:31:30 If Trump was a Putin agent… he would get an A+ 1:33:15 The Canada trade deal stalled over dual language packaging 1:35:00 Trade dispute will likely get resolved in the next couple weeks 1:36:15 The Carney path is not a path for the Democrats 1:37:30 New coalitions have been formed since the 2016 election 1:38:15 Don’t see a coalition builder in the current Democratic party 1:39:00 Gavin Newsom has been pilloried by conservative media for a decade 1:40:00 Someone from outside of politics could potentially build a coalition 1:41:00 ToddCast Top 5 2028 GOP Presidential candidates 1:41:45 #1 JD Vance 1:43:15 #2 Marco Rubio 1:46:00 #3 Someone named Trump 1:47:00 #4 Nikki Haley 1:47:30 #5 Rand Paul 1:51:00 Ask Chuck 1:51:30 Thoughts on the long-shot Democratic 2028 candidates? 1:57:00 What would your dream bipartisan ticket look like? 2:00:30 What happened to the ideological principles of both parties? 2:04:15 Could Roger Marshall leave and then just be reappointed? 2:07:00 Are we missing shifts in areas we assume are safely red? 2:11:00 College football preview See omnystudio.com/listener for privacy information.

Chuck Todd reads the tea leaves on a building Democratic wave: primary turnout is up 35% over 2022 while Republican turnout is down 4%, and Todd argues voter behavior is a far better predictor than polling — though it's a tea leaf, not a guarantee. He then digs into an underappreciated dynamic that could decide Senate control: governor's races make the weather. Texas, Chuck argues, is now more plausible for Democrats than Iowa. And South Carolina, which Republicans never expected to worry about, just got more expensive after Ralph Norman told supporters to write him in rather than back Darline Graham. The second half is a five-alarm fire at the Pentagon. Army Secretary Dan Driscoll resigned this week over Hegseth blocking Army modernization by firing the generals leading it — the latest in a purge that has left the Army without a chief of staff for months and cut four-star positions from ten to five, all during an active war. Chuck’s read is that this is a deliberate gutting and argues the fired and recently resigned generals have an obligation to speak up, because silence doesn't protect the institution. He closes with what he calls the cancer in American politics — the House — using Jared Golden's lobster fishing bill as the perfect illustration: Golden had to vote for a Republican rule just to get a floor vote on his own legislation, then got accused by leadership of a breach of trust for representing his constituents. That's the disease, Chuck argues, and Democrats will inherit every bit of it. Finally, Chuck updates his ToddCast Top 5 list of senate seats most likely to flip, answers listeners’ questions in the “Ask Chuck” segment, and previews week 1 in college football. Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck / *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd's introduction 04:15 A Democratic wave is building… but how big? 06:15 Dem turnout up 35% from 2022, GOP turnout down 4% 08:30 A tea leaf, not a guarantee — and why behavior beats polling 11:15 New Hampshire primaries preview 13:15 Senate control may be decided by governor races in MI, TX and IA 14:30 Ramaswamy is the wrong avatar for a Republican to win Ohio 16:45 Republicans didn't think they'd have to worry about South Carolina 17:30 Ralph Norman tells supporters to write him in rather than back Graham 22:15 Governor's races make the weather and drag Senate candidates along 26:00 Ticket splitting hasn't disappeared since 2010, but it's less common 27:15 Breaking down the penalty for various candidate sins 30:00 Ken Paxton needs Abbott to win big — and Abbott's trending down 33:15 Todd Akin's voters fled to the Libertarians in 2012 35:00 El-Sayed's penalty isn't scandal, it's ideological — 2-3 points 36:00 Jocelyn Benson is running the best campaign of the cycle 38:45 Iowa hasn't split a governor/senate race since 1998 41:45 Texas looks more plausible for Democrats than Iowa 43:45 Problems at the Pentagon should be a five-alarm fire 45:30 Hegseth forced out the leaders modernizing the Army 47:45 Hollowing out the military during an active war 48:45 Hegseth wants the Pentagon to be a reality show about himself 52:00 Assets needed to deter Russia & China are being removed 54:15 Military leaders must be able to disagree with civilian leadership 57:00 An obligation to warn the country if the military is being weakened 59:45 The House of Representatives is the cancer in our political system 1:03:30 The Jared Golden lobster bill saga 1:06:30 Golden voted for a GOP rule to get a vote on his own bill 1:09:45 Leadership accused him of breaching trust… by representing their voters 1:13:00 If Democrats win the House, they inherit all of this dysfunction 1:18:00 The House is the cancer we have to cure first 1:20:30 ToddCast Top 5 senate seats most likely to flip 1:21:00 #1 North Carolina 1:21:45 #2 Alaska 1:22:15 #3 Texas 1:23:45 #4 Ohio 1:25:30 #5 Tie between Maine & Michigan 1:27:30 Ask Chuck 1:27:45 Could the Bradley effect be in play in the Texas senate race? 1:30:00 Should congress be doing more to protect the mail-in vote? 1:33:00 Thoughts on proposal to add 12 at large senators? 1:35:15 College football preview 1:40:30 Column on Lane Kiffin being the “bad boy” of college football See omnystudio.com/listener for privacy information.

Inside ten weeks to the midterms, Chuck Todd and Chris Cillizza start with the race Republicans have suddenly woken up to: Texas. With Talarico sitting on $21.5 million to Paxton's $1.75 million, Cornyn refusing to raise money in-state, and John Kennedy telling Fox News flatly that the Senate doesn't have the money budgeted for Texas, the guys argue the GOP's comfort blanket — that this is a Paxton problem, not a party problem — is wrong. Chuck's bet: no Republican on the Texas statewide ticket breaks 55%. From there they turn to the issue that's moved faster than either expected, data centers, framed by Trump's Monday Truth Social post declaring that communities rejecting them "want to end up being backwards and poor" and urging the country to "let Data Reign." Chuck and Chris place it in the rare category of issues voters force onto politicians rather than the reverse — the opioid crisis being the last one — and track the fallout from Wisconsin, where Tom Tiffany is already hitting David Crowley on it, to Shapiro and Hochul reversing course, to the blue-collar trade unions now cutting the other way. The heart of the episode is a long strategic read of the map. The Atlantic reported Trump wants to deploy MAGA Inc's roughly $400 million on ads touting his own second term, telling voters to "pretend I'm on the ballot" — and Chuck makes the counterintuitive case that it may be defensible where the fight actually is, even as they debate whether it gooses MAGA turnout or hands independents another reason to break left. They walk the four-seat path through North Carolina, Maine, Ohio, and Alaska, why Michigan is the state that keeps Democrats up at night, and what Abdul El-Sayed's ongoing Hasan Piker problem is costing him thirty days after the primary. Chris picks Texas as the GOP's nightmare on sheer cost; Chuck picks Iowa, where three House seats, a Senate seat, and a governorship all sit on the table. Plus: the 2028er welcome in both red and blue America (it's not who you'd guess), Trump's demand that the FCC punish Kristen Welker over a single mild remark, a blistering segment on Pete Hegseth and a munitions shortage nobody in Congress seems to be asking about, and the Nats' blown ninth-inning lead as a season in miniature. Timeline: 00:00 Inside ten weeks — and a college football appetizer 01:00 Why college football has become prime political ad real estate 02:00 The ads they spotted: anti-Whatley in NC, anti-Talarico in Texas 03:00 Republicans wake up to a real race a real money problem in Texas 04:00 The cash disparity — $21.5M for Talarico, $1.75M for Paxton 05:00 The Texas governor's race 06:00 A one-party state can't blame a party that doesn't exist 07:00 Is Paxton the problem, or is it the environment? 08:00 Trump's data center post: "let Data Reign" 10:00 Reid Wilson called data centers the sleeper issue six weeks ago 11:00 Washington is only discovering what voters have said for months 12:00 David Wallace-Wells & data centers as a vessel for tech frustration 13:00 Wisconsin: Tiffany already attacking Crowley on data centers 14:00 Big tech is the new big Pharma 15:00 The counter-trend: blue-collar trade unions saying these are jobs 16:00 Why is Trump this pro-data-center in an anti-data-center moment? 19:00 The Atlantic: Trump wants to spend the $400M and run his own campaign 20:00 "Pretend I am on the ballot" 21:00 Wave-year history: Clinton in '00, Bush in '06, Obama in '10 and '14 22:00 Where Trump can't go: Ohio, North Carolina, Maine, Michigan 23:00 The four-seat path — North Carolina, Maine, Ohio, Alaska 24:00 The fifth state problem: Iowa, Texas, Kansas, Nebraska, Montana 25:00 The Darline Graham rescue mission and what it proved 26:00 Democratic gains are a given — the question is wave or tsunami 27:00 This election is about the cost of living 28:00 Cook's toss-ups always break in one direction 31:00 What if Republicans win New Hampshire and Democrats win Texas? 34:00 The state that keeps Democrats up at night 35:00 El-Sayed is still doing cleanup thirty days after the primary 37:00 The libertarian-candidate play red-state Democrats aren't running 38:00 The Hasan Piker problem 39:00 The Detroit synagogue comment and the apology he did make 42:00 The Trump-and-white-supremacists parallel 43:00 Alaska as the wild card: ranked choice, two Sullivans, Peltola 45:00 Josh Turek is a very hard candidate to attack 47:00 Rob Sand deserves 30% of the buzz Ossoff is getting 49:00 The Obama-in-'06 comparison and the asses-in-seats metric 50:00 Newsom went to Michigan and couldn't find anyone to campaign with 52:00 Trump demands the FCC punish Kristen Welker 54:00 What the meltdown says about how fragile he is 57:00 The Maggie Haberman attack, 48 hours apart 58:00 Hegseth gets the worst week in Washington 59:00 Sean Parnell, the influencer hires & a very online secretary 1:00:00 The cabinet primary: Lutnick, RFK Jr., Gabbard 1:02:00 Are we really out of munitions after one excursion against Iran? 1:03:00 Lake Ontario gets more coverage than troops without weapons 1:05:00 The Nats blow a 2-0 ninth-inning lead to the Marlins 1:07:00 No bullpen help at the deadline, and here we are 1:07:00 Becoming Statler and Waldorf 1:08:00 Tuesday night live: the Massachusetts primary See omnystudio.com/listener for privacy information.

Chuck Todd argues the entire 2026 election is collapsing into a single issue — prices — and that every other story is just a contributing factor. The problem for Republicans is that the economy is going to get worse, not better: price pressure is building across the food supply, the Iran war has disrupted fuel and fertilizer, JP Morgan is warning food inflation could hit 5% by 2027, and Kevin Warsh is going to be forced to raise rates, which will infuriate a president who Chuck argues is focused mainly on his own financial interests and could produce genuinely 1970s-like conditions. Chuck brings back reporting from a visit to the Black Locust Livestock cattle ranch to explain why beef prices can't be fixed by turning a dial: raising cattle is a years-long process, the American herd is historically small, only four companies process the country's beef and capacity is shrinking, and importing more is a short-term patch that damages domestic supply long term. It's the pattern of the whole administration — solving a price problem today by making it worse tomorrow, while the cost of producing food rises because of decisions Trump himself made. Underneath it all sits the number that explains the mood of the country: corporate pre-tax profits are at their highest share since just after World War II while workers take home the smallest share since the 1950s. There is no economic boom for most Americans, Washington keeps misreading the anger, and Trump's own voters are getting hit hardest at the pump. The war, Chuck argues, isn't just making life expensive — it's making America vulnerable. Defense leaders are warning Hegseth the Iran campaign is unsustainable: barely a quarter of the Navy's destroyer fleet is ready to deploy, advanced munitions stocks are largely burned through, and equipment and personnel are worn out, meaning fighting this war has left the country less capable of fighting the next one. China is the clear winner of Trump's second term, and Chuck’s real worry is Putin testing NATO while looking at an American president desperate for any win. Then there's Venezuela, where Trump has announced the U.S. has seized the country's oil reserves — a move Chuck calls British-empire-style imperialism and highway robbery at gunpoint, asking the obvious question: if Putin did this to a neighbor, what would we call it? The standard shouldn't change because we're the ones doing it, the windfall ought to benefit Venezuelans, and it's worth asking who's actually negotiating this and who stands to profit. It's exactly why two-thirds of South America resents the United States, and why Trump's imperial turn will only compound a credibility problem that's already severe. Chuck closes somewhere more personal: his old high school, Miami's Killian, is down from 3,000 students to 400. The kids didn't disappear — school choice killed the ambition to attend. Big public high schools once defined their communities and forced people to know each other; we traded that for choice and specialization without ever asking what a public school is actually for. We didn't try to fix public education, Chuck argues. We empowered people to escape it — and in doing so gutted one of the real sources of American strength. Finally, Chuck hops into the ToddCast Time Machine to revisit the assassination of President William McKinley and the striking parallels between modern America, and America in 1901. He also answers listeners’ questions in the Ask Chuck segment. Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck / *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 04:30 With return of college football, comes a ton of political advertising 05:00 Football attracts a wide array of potential voters 06:30 Pro-Paxton ad in Texas made China the central theme, blamed Talarico 07:30 GOP has controlled Texas for decades, blaming Talarico is ridiculous 10:00 Dems dismiss the ad as ridiculous, but some people will believe it 12:15 Massachusetts primaries coming up on Tuesday, Sept 1st 14:15 The electorate will be voting on one issue… prices & affordability 15:00 Every other issue is a contributing factor to the price issues 15:45 The problem for Republicans is the economy will get worse, not better 16:30 Price pressures are building across the food supply 16:45 Iran war is causing major issues with the fuel & fertilizer supply 18:00 JP Morgan warns food inflation could reach 5% by 2027 18:30 Kevin Warsh will be forced to raise rates, Trump will be furious 19:00 Trump is only worried about his own personal financial interest 19:45 Fed raising rates to combat inflation will create 1970’s like conditions 20:15 Went to the Black Locust Livestock cattle ranch for Noosphere interview 21:45 Beef prices can’t just be adjusted with the turn of a dial 22:15 Raising cattle is a long term process & our beef herd is historically small 23:00 Trump knows beef prices are hurting him & wanted to import more 24:15 Importing is a short term solution, hurts the long term domestic supply 25:00 Only 4 companies process American beef & we’re losing capacity 25:30 How we can lower beef prices and boost domestic production 26:30 Trump tries to solve price issues in the short term, makes it worse long term 27:00 The price to produce food is rising because of decisions Trump made 27:45 Corporate pre-tax profits are at highest share since aftermath of WW2 28:15 Workers are getting lowest take home share of profits since 1950s 29:00 This is why voters across the spectrum are so pissed off at the system 29:30 There’s no economic boom for most Americans 30:15 Washington continues to misunderstand the anger of the voters 30:45 Trump voters are getting hardest hit by higher gas prices 32:30 Iran war isn’t just making things expensive, it’s making us more vulnerable 33:00 Defense leaders warning Hegseth the Iran war is unsustainable 33:45 Hegseth has put America in more danger than it’s been in since Cold War 34:15 Barely 1/4th of the Navy’s destroyer fleet is ready to deploy 34:45 We’ve burned through most of our advanced munitions 35:15 We’ve worn out our military equipment and personnel 36:00 Fighting this war has made us less capable of fighting the next war 36:30 China has been the biggest winner of Trump’s second term 37:00 What are we no longer willing to do because of the Iran war? 38:00 We’ve spent all this money on the military… and we’re tapped out? 38:30 We should be incredibly concerned about Putin testing NATO 39:15 Putin sees an American president desperate for a win 40:00 Trump announced that we’ve seized Venezuela’s oil reserves 40:45 This feels like British empire style imperialism 42:00 If Putin had done this to another country… what would we call it? 42:30 The standards shouldn’t be different because WE are doing it 43:30 Who is doing this negotiation and who stands to benefit? 44:30 Shouldn’t the windfall from Venezuelan oil benefit Venezuelans? 45:00 Trump is taking Venezuela’s oil at gunpoint, it’s highway robbery 46:00 This is why 2/3rd’s of South America hates the United States 46:30 Trump wants to make America and empire… and the world will hate us 48:00 This compounds America’s credibility problem globally 49:00 The world is only going to hate America & Americans more due to Trump 51:00 Chuck’s high school, Killian is down to 400 students from 3,000 51:45 The kids didn’t disappear, school choice killed ambition to attend there 53:00 Big successful public high schools defined their communities 54:30 Connection between community and schools has broken down 55:00 School choice creates communities not based in their neighborhood 56:00 We haven’t asked “What do we want a public school to do for a community?” 56:45 A public school is central to creating a local community 57:30 We trade choice and specialization, for a community that isn’t forced to interact 59:00 Killian’s community is still a good one, but the character changed 1:00:15 What exactly is public education for? Is it purely for kids' education? 1:01:00 The public school system was a source of our power… and we’ve gutted it 1:01:30 We didn’t try to fix public ed, we tried to empower people to escape it 1:03:45 We created more choices, but did we make education better? 1:05:45 We lost a place where we were forced to get to know each other 1:09:00 ToddCast Time Machine - The Assassination of William McKinley 1:09:30 Of all presidential assassinations, Americans know the least about this one 1:10:00 The assassin was Leon Czolgosz, an anarchist who felt system was unjust 1:10:45 After McKinley died, Teddy Roosevelt became president 1:11:15 Czolgosz actually produced some of the political change he wanted 1:12:00 Modern America echoes America in 1901 1:13:00 Czolgosz saw political assassinations create change in Europe 1:14:45 Other anarchists thought Czolgosz was too committed, maybe a plant 1:15:15 Emma Goldman argues that societal conditions explain the assassination 1:16:00 When people conclude politics won’t solve problems, they look to alternatives 1:16:45 The assassination happened at a fair showing celebrating technological advances 1:17:30 The United States was emerging as a world power, but there were two Americas 1:18:00 One America saw dynamism, the other saw exploitation 1:18:30 The setting of the assassination was almost poetic 1:19:15 Doctors treating McKinley were too afraid to use new X-ray technology 1:20:15 Lincoln’s son was actually nearby during the assassination 1:20:45 Roosevelt was installed as VP by party bosses to get rid of him 1:21:30 Roosevelt sworn in at age 42, and understood the conditions for political radicalism 1:22:00 Roosevelt argues for the “Square Deal” and goes after concentrated corporate power 1:23:00 The uncomfortable truth: Does assassination provide the sought political change? 1:23:45 Lincoln and JFK’s assassination both changed the political timeline 1:25:00 Czolgosz was convicted and executed weeks after McKinley’s death 1:25:30 Congress passes the Anarchist Exclusion Act, Goldman is deported 1:27:00 The forces that produced Czolgosz weren’t confined to America 1:27:30 Roosevelt’s policies helped prevent a Russian-style revolution 1:28:00 Roosevelt argues capitalism has to be regulated and restrained 1:29:15 America in 2026 isn’t America 1901, but it does rhyme 1:30:15 Ask Chuck 1:30:30 What do you make of James Talarico’s status in Texas? 1:36:30 Thoughts on Project 2025, is it a threat and is Trump following it? 1:38:45 Do you think the Trump administration will still act on Cuba? 1:41:00 Why not make the Attorney General an elected position? 1:44:45 Do you see your political independence as a protest against duopoly? 1:49:00 Takeaways from first week of college football See omnystudio.com/listener for privacy information.
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