Summary of "The Megyn Kelly Show" – AM Update 7/4, 2025

Released on July 4, 2025 by SiriusXM

1. Passage of President Trump's "One Big Beautiful Bill"

Overview: House Republicans successfully passed President Donald Trump's highly anticipated legislation, dubbed the "One Big Beautiful Bill" (BBB), just in time for Independence Day celebrations. The bill faced intense negotiations, procedural hurdles, and stalling tactics from Democrats but ultimately secured a narrow victory.

Key Points:

• Legislative Victory: The bill passed the House with a final vote of 218 to 214 (05:24). Despite last-minute negotiations and unexpected delays, the Republicans managed to secure the necessary votes, although two Republican congressmen, Thomas Massie (Kentucky) and Brian Fitzpatrick (Pennsylvania), aligned with Democrats to vote against the bill.

• Democratic Opposition: House Minority Leader Hakeem Jeffries engaged in an unprecedented 8-hour and 44-minute speech (06:01), the longest in House history, to oppose the bill. He labeled it a "GOP tax scam" and a "deportation machine," emphasizing his commitment to halting its passage despite the overwhelming odds.

• Bill Provisions: The BBB includes significant tax cuts, increased child tax credits, substantial funding for ICE (U.S. Immigration and Customs Enforcement), and rescinds billions from Green New Deal initiatives. Notably, it provides $100 billion to ICE through 2029, intended to bolster America's deportation capabilities.

Notable Quotes:

• Megyn Kelly [05:36]: "With one big beautiful bill, we are going to make this country stronger, safer and more prosperous than ever before."

• Republican Congressman [05:51]: "Any of these individual achievements would be historic victories for a Republican Congress or any Congress. And today we're delivering on all of them in one big beautiful bill."

• Hakeem Jeffries [06:01]: "This disgusting abomination, the GOP tax scam. A deportation machine that will be unleashed on steroids by this one big ugly bill."

2. Robust Job Market Surpasses Expectations

Overview: The latest jobs report for June 2025 revealed a stronger-than-anticipated performance, signaling continued economic resilience under President Trump's administration.

Key Points:

• Job Creation: The U.S. economy added 147,000 new jobs in June, surpassing the expected 110,000 (08:47). This figure ties for the best job creation record.

• Unemployment Rate: The unemployment rate decreased to 4.1% from 4.2% in May, defying projections of an increase to 4.3% (09:12).

• Market Reaction: Stock markets responded positively, with the S&P 500 and Nasdaq reaching new highs for the third time in four days.

• Wage Growth: Wages continue to rise, with a focus on American-born workers who have contributed significantly to job gains since Trump took office.

Notable Quotes:

• Economic Analyst [01:02]: "This job market is like the Energizer bunny. Every single time we expect it to run out of steam, it just keeps going and going."

• Megyn Kelly [09:12]: "The economy is booming again and it will only get better when the one big beautiful bill is passed and implemented."

• Press Secretary Caroline Levitt [09:12]: "For the fourth month in a row, jobs numbers have beat market expectations with nearly 150,000 good jobs created in June."

3. CBS Settles with Trump Over 60 Minutes Editing Practices

Overview: CBS parent company Paramount Global agreed to a $16 million settlement in a lawsuit filed by then-candidate Donald Trump. The lawsuit alleged that CBS deceptively edited a "60 Minutes" interview with Vice President Kamala Harris to influence the 2024 election.

Key Points:

• Legal Grounds: The lawsuit was filed under the Texas Deceptive Trade Practices Consumer Protection Act and the federal Lanham Act, which address false advertising and unfair competition.

• Allegations: Trump claimed CBS manipulated the interview to make Harris appear more coherent and decisive, thereby making the segment more commercially appealing and influencing voter perception.

• Supreme Court Decision: In a 7-2 decision, the Supreme Court ruled against Federal District Judge Brian Murphy, allowing Trump's deportation plans to proceed and rejecting Judge Murphy's attempts to enforce the injunction.

• Settlement Details: CBS did not admit wrongdoing and will now release full transcripts of interviews with presidential candidates. The settlement funds will go towards Trump’s legal costs and his future presidential library, not directly to Trump.

• Internal Reactions: The settlement is viewed by some within CBS as a setback for First Amendment protections. Additionally, "60 Minutes" executive producer Bill Owens resigned amid the controversy, citing a need for greater independence.

Notable Quotes:

• Justice Kagan [Timestamp Unavailable]: "I do not see how a district court can compel compliance with an order that this court has stayed."

• Justices Sotomayor and Jackson [Dissenting]: "Today's order clarifies only one thing. Other litigants must follow the rules, but the administration has the Supreme Court on speed dial."

• Megyn Kelly [07:51]: "Paramount agrees to pay $16 million to settle a lawsuit filed by then-candidate Trump alleging deceptive editing of a 60 Minutes interview with Vice President Kamala Harris."

• President Trump’s Legal Team [11:51]: "Another win for the American people, as he once again holds the fake news media accountable for their wrongdoing and deceitful."

4. Closing Remarks

Megyn Kelly wrapped up the update by highlighting the significance of the day, encouraging listeners to enjoy Independence Day with family and reflect on the country's accomplishments.

Notable Quotes:

• Megyn Kelly [15:31]: "Have a great, great July 4th. Hope you spend some time with your family, having some burgers and dogs, saying the pledge, singing some songs, and feeling lucky to have been born in this beautiful country of ours."

Conclusion: The July 4th episode of "The Megyn Kelly Show" delivered a comprehensive AM update, covering significant legislative achievements, a strong economic performance, and a high-profile legal settlement involving major media figures. The discussions underscored the Republican Congress's pivotal role in shaping current U.S. policies and highlighted ongoing tensions between the administration and the media.