So an appeals court lowering former President Donald Trump's bond
in that civil fraud case,
He will still have to pony up about
$175 million within 10 days time.
He says he'll do it promptly,
and he'll do it with cash.
But the news comes that he's on the verge of
making billions after his social media company,
True Social, goes public. Kevin O'Leary,
now chairman of O'Leary, ventures with us now.
And let's take it one at a time.
First, on the federal appeals
lowering, he just shot out a a message saying Trump
Tower remains mine.
Huge victory. How do you see it,
Kevin?
I look at this from a completely different point of
view.
Let's go up to 30,000 feet and talk about the
American economy,
our ability to remain #1 worldwide and most importantly,
attracting foreign capital to invest in America.
And the concept and why that happens and has for
over
175 years is in our Constitution.
Property rights are mentioned over 25 times.
So this is very important because if you're going to
go over to the Middle East or to
Denmark or Europe, where I'm going next week to raise
money for American projects,
notably data centers, when they give $3 billion to you,
they want to know their property rights to protect it.
And So what was happening in New York was extremely
scary.
And I have to admit to you in the last
two weeks,
I kept telling them before our meetings,
don't worry, the adults will step in.
Something will happen to advance the appellate process.
Your rights are protected. Imagine me telling foreign investors that
as they watch this roll out in New York,
thank goodness the adults came to the rescue and now
we have a process beginning a 60 plus percent reduction
in this infraction fee and that really should be getting
more towards balance. Trump assuring everybody he has the cash
to back the bond.
These are good advancements towards keeping the stable message about
the American brand is the number one economy to Kevin.
Let me actually dig into that a little bit more
because I think you're you might be the only one
who can answer this question for me,
You know, Mark Levin tweeted something over the weekend about
he was asking why where are all the pro Trump
Republican billionaires out there?
Why aren't they cutting checks for the former president?
And I thought to myself when I read that,
well, they're dealing with their own legal issues.
And one perfect example is Taran Peiser.
And people are dealing with indictments from the DOJ and
from conversations I'm having from very successful people out there
that make a lot of money,
it's almost like they're afraid to be successful.
You're afraid now to live in this country and do
well because,
well, the justice system might come after you.
What are you hearing?
I wouldn't say this country.
I'd say you're afraid to be successful in New York
if somehow it gets politicized.
And hopefully that's going to be fixed.
All these people you're talking about the billionaire class,
whether they be red or blue or left or right,
doesn't matter. There's an assumption underneath the entire system that's
been intact for a long time.
That itself corrects that we don't have a situation where
you put a billion dollars in the ground in Venezuela,
you know, oil refinery, and then it gets nationalized.
We don't do that in America,
and that's why money comes here.
Now, what started to happen in New York looked a
little wonky.
It looked like it was out of control and it
was for a few weeks.
And look what happened today.
This is very positive in reflecting on what makes America
absolutely the safest place to invest the system,
self corrects, adults come in adult supervision,
whether that be at the appellate court of New York
or the Supreme Court.
I was waiting to hear if this would go to
the 8th Amendment around the size of the penalty.
But you know, it's it's,
it's a great message. It's,
it's late in the evening in the UAE and in
Europe right now
everybody's watching this thing saying,
oh, thank goodness America's still America.
And that's very important to me as an investor.
Thank you, Kevin. Nice to see you,
Kevin O'Leary. More to come soon.
Thank you.