FOX News polling reveals a sharp decline in public support for Donald Trump, with 51% of voters favoring Democrats over Republicans. Trump’s approval rating has dipped to 29%, the lowest in either term, and is now comparable to George W. Bush’s during the 2008 crisis. A dramatic realignment among independents—now disapproving of Trump by over 70 points—signals a fundamental shift in political sentiment. Latino voters have also turned decisively against him, with net approval dropping 44 points on immigration issues. This unpopularity is tied to Trump’s failure to address inflation, high gas and mortgage prices, and the economic fallout from his trade wars and Iran policy. Meanwhile, California’s Attorney General Rob Bonta successfully blocked a Paramount-Warner Bros. merger through a consent decree that mandates increased film releases, U.S. domestic production (up to 40%), and fair pricing for theaters. Key provisions include penalties, divestitures, and a new editorial independence board composed of journalists to protect news integrity. Despite these safeguards, critics remain concerned about the enforceability of the deal, especially since there’s no legal mechanism to unwind the merger if commitments are violated. The broader narrative underscores a growing disconnect between Trump’s populist promises and the economic and social realities facing Americans, while also highlighting the potential for structural reforms in media and entertainment. This environment of shifting public opinion and regulatory action sets the stage for a pivotal midterm election, where Republicans risk losing significant ground.
FOX News delivers some hard truths to their audience about Trump, and I'm joined by the
California Attorney General Rob Bonta.
I'm Brian Tyler Cohen, and you're listening to No Lie.
Sure sex might be nice, but have you ever heard something like this from FOX News?
51% would vote Democrat for a Democrat candidate, 43% for a Republican.
Why is this happening?
What are the gas? $6 diesel, 7% mortgages, the ongoing war, and the president is less
popular personally than at any time in his second term.
His attempt to reverse the trend of fallen flat, $5,000 checks for everyone just didn't
fly, and the ban on diesel exports won't work.
If this trend continues, the Republicans will lose the House and maybe the Senate, 39 days
to the vote.
If that happens, say goodbye to what's left of the Trump agenda.
I mean, if this is what a FOX News broadcast sounds like now, do I even have a job anymore?
And worst of all, for Trump and Republicans, this is just the tip of the iceberg, just
from FOX News.
Days ago FOX released new polling showing 15 races shifting toward Democrats, according
to their own polling outfit, and seven of those races shifting toward Democrats are in
Florida.
Remember, Florida drew a gerrymander on top of an existing gerrymander.
But the issue is that that gerrymander assumed that Trump and Republicans margins from 2024
would be permanent.
So when young people, people of color, independence, Latinos all shifted to the right, they assumed
that realignment wouldn't change.
But now, it's clear that it's shifting back among every demographic group, which means
that suddenly those gerrymanders risk turning into dummymanders.
Here for example, a CNN's Harry Enten speaking about independence.
There are some stunning numbers, and I want to talk about independence, but independence
who don't lean towards either the Democratic or Republican party, so-called pure independence,
and these numbers and the shift from where we were back in 2024, I mean, look at these
numbers, and this is an average of two different polls, pure independent voters on Trump, versus
Kamala Harris.
When you average the CES and Pew validated voter survey, he beat, he beat, Donald Trump
become a Harris by 15 points.
Look at his net approval rating now with pure independence, those who don't lean towards
either the Democratic or Republican party.
These negative 71 points, I mean, these are the deep depths of the ocean.
You never see numbers like these.
This is Johnny B, what is this?
This is an 86 point shift away from the president of the United States with the group that ultimately
really does determine elections.
As pure independence go, usually so goes the nation.
And right now, Donald Trump is at depth that truly, you rarely ever see.
And here he is speaking about Latinos.
Specifically speaking about Latino voters here, they don't just feel betrayed.
They absolutely do.
You look at the polling.
There's absolutely a revolt from Latino voters against President Trump on the specific
issue of immigration.
This is what we're talking about.
Look at this.
Latinos on Trump and immigration.
You go back to the fall of 2024.
Donald Trump was more trusted than Kamala Harris with Latinos on immigration by five
points.
You come over to this side of the screen.
Look at this net approval rating now that Donald Trump has with Latino voters.
Way down under the Gulf of Mexico, if you're speaking Trump and ease, we're talking about
the Gulf of America.
But for everybody else, the Gulf of Mexico, look at that, 39 points underwater.
That is a shift, Cape Baldwin of 40.
What is that?
Forties.
I don't do math.
Yeah.
Forty-four points.
Thank you very much, Johnny B.
Forty-four points.
I'm not doing math this morning.
Cape Baldwin's not doing math.
But Johnny B is doing math.
The shift to 44 points away from the president of the United States on the issue of immigration
with Latinos, an absolute political disaster.
And all of this comes on the heels of more bad news that Trump himself is contending
with.
A new poll from the American Research Group conducted September 16th through the 20th puts Trump's
approval rating at 29%.
That is below 30% for the first time in either of his terms.
To put that in perspective, according to Gallup's own presidential tracker, the last
time any president's approval sat in the 20s was George W. Bush at the tail end of 2008
in the middle of a global financial collapse.
That's the company Trump is now keeping.
So why does this matter?
Because the midterm elections are a referendum on the president and the party in power.
And because the GOP has exactly zero daylight between it and the president, they get to be
saddled with his unpopularity.
It's almost like contracting every ounce of your power over to the executive branch might
not have been such a great idea in retrospect.
Look, none of this is a surprise.
Remember when Trump himself was asked why he won in the immediate aftermath of the 24 election,
here's what he said.
"I won on two things, the border, and more than immigration, they like to say immigration.
I break it down more to the border, but I won on the border, and I won on groceries."
It's a very simple word, "grosseries," like almost, you know, who uses the word?
I started using the word "the groceries" when you buy apples, when you buy bacon, when
you buy eggs, they would double and triple the price over a short period of time.
And I won an election based on that, we're going to bring those prices way down.
Because of high prices, and guess what?
Those prices have only gone up, and yet all the while he can't be bothered to do anything
about it.
So it's not that he's unaware of the problems that Americans are contending with.
After all, he exploited those exact problems to gain power, he just doesn't care.
And that really is the basis of his presidency.
Trump, of all people, and the rest of his party, know full well the pain that Americans
are feeling because they all benefited from it in the 2024 election.
But they've not only failed to address it, they have exacerbated it.
Trump launched a trade war that's then caused surging, and the rest of his party allowed
him to do it.
He launched a war in Iran that sent gas prices, skyrocketing to record highs, and his
latest Thursday.
His party voted to allow that war to continue.
And of course, Trump is in the Epstein files and instructed his attorney general to hide
3 million documents, and the rest of his party won't say a peep about it.
These people exist to serve one man, not you, not me, not regular Americans, but Donald
Trump, and Americans are responding appropriately.
So look, while this is all good news, I'd be a fool not to end with this.
Nothing is guaranteed in this upcoming election.
First of all, we have Trump's inturmountable efforts to undermine voting rights ahead of
the election, to send ICE agents to the polls, and of course the broader Republican party's
refusal to accept any results where they don't win, and then of course there's the issue
with polling, which we're no stranger to.
And finally, you just don't know what can happen between now and election day.
So our job is simple.
No matter how bad the polling is for Trump and Republicans, act like we're 15 points
down.
Make yourself responsible for at least three people who otherwise wouldn't have voted.
And let's put an effective end to Trump's presidency right now by flipping not just the
House, but also the Senate into Democratic hands.
That is my interview with California Attorney General Rob Bonta.
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I'm joined now by the Attorney General of California, Rob Bonta.
So we have some news here as it relates to the merger between Paramount and Warner Brothers.
Can you give an update as to where things stand right now?
Yeah.
Thanks Brian for having me.
I appreciate it.
We launched yesterday a resolution of the case and a filing with the court of a consent
decree resolving our antitrust enforcement case with respect to the proposed Paramount
Warner Brothers merger.
And we announced the terms of the consent decree or the settlement yesterday which resolve
all of our antitrust concerns.
We have solutions that are strong in each of the markets that we challenge.
And we also were able to secure some very important domestic production commitments.
And also there are some important commitments to the future of Hollywood and the entertainment
industry in the United States broadly and in California specifically.
So we announced the resolution of the case yesterday with all the different terms of
that agreement.
What does some of those terms actually look like in practice?
Yeah, absolutely.
So let's start with the antitrust terms because this was a, as I said many times, a bread
and butter, black and white meat and potatoes antitrust case and we challenged the merger based
on the impacts it would have and basically two markets, one on theatrical release film
distribution and two on cable channel licensing.
And so we were able to get an agreement in this consent decree from Paramount to release
these 30 movies a year for two years and then followed by 32 movies per year for the
next three years.
So commitments over five years and 20 of those films
In the first two years, need to be a wide release distribution.
And in the last three years, 21 films need to be wide release.
There's a 20% requirement for tent pole films,
bigger films with bigger budgets.
There's a requirement for the release of four independent films
per year.
So massive increases on release of films,
which was one of our major markets.
And then also, we kept the payments, the fees, arrangements
with movie theaters, the exhibitors, as we call them,
fixed for three years.
So they can't raise prices.
And so we were worried about this merger
leading to raise prices for the exhibitors.
Those were fixed for three years.
We were worried about potential lowering
of the number of films released.
That is kept at a high number at 30 and 32.
So that's how we addressed that market.
And then with the cable channel licensing market,
we, in the settlement agreement,
have an agreement for Paramount and Warner Brothers
to negotiate separately.
Meaning they act as if, after they're merged,
just as if they were pre-mergered as separate companies
with respect to their basic cable channels
and how they are able to bundle those
and negotiate with the cable companies.
And then both of those remedies that I just mentioned
are back stopped by a structural remedy, a divestiture.
If they fail to fulfill the requirements
of the five-year film release goals,
they need to divest Miramax and also pay for each film
that they fail to release $30 million to a fund
that 90% of it goes to workers in the entertainment industry.
And then if they, on the cable channel licensing side, if they fail
to negotiate separately, if they have to divest
a suite of cable channels, including BET and Comedy Central
and others.
So those are the basic provisions for how
we addressed our antitrust concerns.
And then we got additional domestic production concessions
and commitments, including the merged companies
going to spend $300 million a year for five years,
over what they've already spent in the past,
what they spent in 2025 on domestic production.
So focused on production in the United States
to put American workers to work that will increase
to, in the following way, if there are film tax credits,
if there's a federal film tax credit,
then instead of having about 5% of their global film
production occur domestically in the United States,
they'll raise it to 20% in years one and two
and to 30% of the federal film tax credit being in place
for years, three, four, and five.
And then if California gets a film tax credit,
that's uncapped and competitive with the most competitive
film tax credits in the nation in other states,
it'll go to 40% domestic production.
So there's possibility of a 700% increase
in domestic production with these film tax credits.
So it's exciting for what is possible with respect
to putting workers to work, creating jobs,
really spurring the economy in Hollywood and LA
in California and in the United States.
There's also a provision that addresses CBS News and CNN
and creates a editorial independence board made up
of experienced journalists to create a set of editorial standards.
And this independent board will resolve any disputes
between management and journalists
over journalistic integrity, fact-based reporting,
objective independent reporting.
And so that's a provision of the settlement as well.
There's others in addition to that,
but those are some of the broad contours
of the consent decree that we filed yesterday.
So if we have this massive production commitment
and the 30 films a year requirement,
as you just mentioned, those come with financial penalties
and some degree of unwinding certain assets
if the commitments aren't met.
But there's no provision, there's no mechanism
within the deal to unwind the merger
if they decide not to comply.
And so if Paramount decides five years down the line
that it's cheaper to eat the penalty
than to honor these commitments,
what actually stops them from doing it?
Like could this just be basically a line item cost
in their budget that they just have to eat this penalty
rather than comply knowing that ultimately everything
is safe because there isn't a way to unwind
what's actually been created here.
- Yeah, when the consent decree is filed
and if they go forward to complete the merger,
then it is difficult to unwind the whole merger.
And so that's why the provisions that are in the consent decree
are important that the penalties are a very strong deterrent.
So is the divestiture of Miramax to help ensure
that they fulfill their release of film a requirement.
And there's also a requirement that of those 30 films
half of them be produced by the merged company.
But the deterrent is in the backstop of the divestiture,
the Miramax divestiture and the payments.
Same thing with the divestiture of the cable channels.
So we expect them to be complying
with the requirements in the agreement
and the way to enforce it is with the divestiture
and the penalties as well as we have an independent auditor,
a monitor that will inspect the behavior
of the merged company to ensure compliance.
And if they flag anything that seems to be
anything short of full compliance,
then we can go to court to get court orders
to require them to comply.
And then they can be held in contempt if they don't.
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- So there have been some critics of the deal,
including Mark Ruffalo, who have advocated
for this deal or any deal to be rejected
in favor of just going to court on antitrust grounds.
And so what was behind the decision to settle
with the elephants as opposed to trying your luck out
in court and trying to prevent this from happening
in the first place?
- I appreciate and respect and understand the opinion
of Mr. Ruffalo and others who have similar opinions.
I am grateful that there's so many people
that are concerned and focused on this issue
that are watching and thinking about it
and some of the broader issues that it highlights.
But I also say that there are broader questions
around democracy, around oligarchy,
around the free press, around foreign influence,
and other issues that we need to address as a nation
and as states and that cannot be resolved
and would not be resolved by this case.
That this is an antitrust case against a paramount
one of brothers and it has specific antitrust concerns
in three markets, two of which are theatrical release,
distribution and one of which is cable channel licensing.
So the reason that we decided to resolve the case
is because we were presented with solutions
that were strong and that addressed
the antitrust concerns we had in the markets
that we challenged and when you get a solution
to the antitrust concerns and an antitrust case
that is a bread and butter, black and white,
mean potatoes antitrust case, you take it.
And I know there are some people who say
just take your chance at trial
and trial of course is there's a cops you'd aspect to it.
Nothing is guaranteed at trial.
You can end up with absolutely nothing.
And so I understand some people would rather do that
than resolve the antitrust concerns
and the way we did and again I appreciate
and understand that perspective.
But because this is a straight up antitrust case
when we had a solution.
to our antitrust concerns, we took it.
And that's why we resolved the case as we did.
- So you had mentioned, we'll finish off with this,
independent oversight boards being created
between CBS and CNN.
But this is an oversight board that's created
by the company that's being merged.
Boards like that generally have a shoddy track record
in terms of their effectiveness
and in terms of being able to constrain their own company.
And so what teeth does the board have
and who has the power to remove members or override members?
- So the editorial independence board,
there are requirements about who can serve on it.
And it's all journalists.
It can't be anyone who's an officer or a director
or a nonjournalist or a government employee.
It's journalists who've been credentialed for three years,
who've served as journalists for 10 years minimum.
So it's an experienced journalists
who are coming together to prepare a set of standard protocols,
independence, news, independence, standards.
And then they resolve the disputes between management
and the employees should there be any.
And we expect there to be a set of talented experienced
journalists with experience and journalistic integrity.
And, you know, fact-based, objective, fair reporting.
And I think that an editorial independence board
like this is not particularly common.
So it's, I think there's value and progress
that it adds and makes to what's been happening
at CBS News and for what will happen at CNN.
And I think it's an important set of oversight mechanisms
that exist in a case, which again is an antitrust case
and is not about news.
But we did have some attorneys general
who were interested and concerned
about objective, independent news reporting
and journalistic integrity.
And so we were able to, in the settlement process,
which is you can be more creative
than in the litigation process, we were able to add this.
So, and again, I respect people's opinions about
whether it will work or how effective it will be
or how far it will go.
I think it will provide important progress
and an important value to help ensure
that news organizations are telling the news objectively
and fairly and based on facts.
- We'll leave it there.
Attorney General Robbonta, thanks so much for making the time.
- Thanks so much for having me, good to see you again.
- Thanks again to Robbonta, that's it for this episode,
talk to you on Sunday.
You've been listening to No Lie with Brian Tyler Cohen,
produced by Sam Graber, music by Wellesie,
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Podcast Summary
Key Points:
FOX News polling shows a significant shift in voter preference, with 51% favoring Democrats over Republicans, reflecting growing unpopularity of President Trump.
Trump’s approval rating has dropped to 29%, below 30% for the first time in his presidency, matching George W. Bush’s low point during the 2008 financial crisis.
A major political realignment is occurring among independent voters, with pure independents now disapproving of Trump by 71 points—over 80 points in some analyses—indicating a fundamental erosion of support.
Latino voters have dramatically shifted away from Trump, with net approval dropping 44 points on immigration issues, signaling a deep political backlash.
The Republican Party faces systemic challenges due to its lack of policy solutions, including failed economic measures, rising prices, and a war in Iran that worsened inflation.
Antitrust enforcement by California Attorney General Rob Bonta led to a consent decree requiring Paramount and Warner Bros. to release 30–32 films annually, maintain fair theater pricing, and boost U.S. domestic film production to 20–40%.
The settlement includes strong penalties, including divestitures of Miramax and cable channels, and a new editorial independence board composed of experienced journalists to ensure news integrity.
Critics question the enforceability of the settlement, as there is no mechanism to unwind the merger if commitments are ignored, raising concerns about long-term compliance and political influence.
Summary:
FOX News polling reveals a sharp decline in public support for Donald Trump, with 51% of voters favoring Democrats over Republicans. Trump’s approval rating has dipped to 29%, the lowest in either term, and is now comparable to George W. Bush’s during the 2008 crisis.
A dramatic realignment among independents—now disapproving of Trump by over 70 points—signals a fundamental shift in political sentiment. Latino voters have also turned decisively against him, with net approval dropping 44 points on immigration issues. This unpopularity is tied to Trump’s failure to address inflation, high gas and mortgage prices, and the economic fallout from his trade wars and Iran policy.
Meanwhile, California’s Attorney General Rob Bonta successfully blocked a Paramount-Warner Bros. S. domestic production (up to 40%), and fair pricing for theaters.
Key provisions include penalties, divestitures, and a new editorial independence board composed of journalists to protect news integrity. Despite these safeguards, critics remain concerned about the enforceability of the deal, especially since there’s no legal mechanism to unwind the merger if commitments are violated. The broader narrative underscores a growing disconnect between Trump’s populist promises and the economic and social realities facing Americans, while also highlighting the potential for structural reforms in media and entertainment.
This environment of shifting public opinion and regulatory action sets the stage for a pivotal midterm election, where Republicans risk losing significant ground.
FAQs
The main concerns are in two markets: theatrical film distribution and cable channel licensing. The merger could have reduced competition by limiting film releases and allowing bundling of cable channels.
The merged company must release 30 films per year for two years, then 32 films per year for the next three years. Half of these films must be produced by the merged company, and 20% must be major 'tent pole' films.
If the commitments are not met, Paramount must divest Miramax and pay $30 million per film that is not released to a fund, with 90% of the money going to entertainment workers.
Paramount and Warner Bros. must negotiate separately as if they were still independent companies, and if they fail to do so, they must divest certain cable channels like BET and Comedy Central.
The merged companies commit to spending $300 million annually for five years on domestic film production, increasing U.S. production from 5% to 20% in years one and two, and up to 30% with federal tax credits, and potentially 40% in California.
No, there is no provision to unwind the merger. However, strong penalties and divestitures act as deterrents, and an independent auditor monitors compliance with court-enforceable penalties for non-compliance.
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