The Megyn Kelly Show
Fani Willis Trump Case Done, COVID Bombshell, and Attacker Caught, with Chamath Palihapitiya, Dave Aronberg, Phil Holloway, and NYU Students | Ep. 1205
03 Dec 2025
Chapter 1: What political updates are discussed regarding the Trump administration?
Welcome to The Megyn Kelly Show, live on Sirius XM Channel 111 every weekday at noon east. Hey, everyone. I'm Megyn Kelly. Welcome to The Megyn Kelly Show. Coming up today, an exclusive interview with a family friend who was assaulted in New York City. Two young women who were assaulted, actually.
And amazingly, there is a happy ending to this story, thanks to the power of social media and X and all of you. And we'll tell you about it. Plus a Kelly's Court on Luigi Mangione, January 6th, and those pipe bombs and more. But we begin today with some political news.
The Republican who was running for the seat in Tennessee being vacated by a Republican did manage to pull it out in the special election yesterday in Tennessee. But it was close. It was closer than the Republicans would have liked. Last count I saw in the New York Times was around nine points between the GOP candidate and the weird Democrat who cried outside of the governor's office.
It should have been 22 points. That's what Trump won that district by. And it's a solidly red district. So why are the Republicans only winning it by nine points, especially since the Democrat candidate was a complete loon? That's a problem. I mean, the Republicans can just pretend that they don't have any problems. That's fine. You can do that.
If you want to sit here for the next 11 months and say, this is all your haters. OK, we'll see how that turns out for you in November. Or you could actually get honest about why you're having these problems and change some things and then possibly win. the midterm elections. It's not a foregone conclusion that you're going to lose. Look what Joe Biden did.
Yes, the Republicans took, they did okay, but there was no big red wave. Remember that a couple of years ago? You could limit the losses. Will they try? Will they try to figure it out what's causing this? We'll talk about it. Joining me now on this and much, much more is Chamath Palihapitiya. He is a co-host of the All In podcast and CEO of Social Capital. Chamath, welcome back. Hi, Megan.
How are you? Great to see you. Great to see you. Let's start there because, you know, our mutual friend, your close friend, David Sachs, is in the administration. I know a lot of folks in the administration. And this thing in Tennessee is a bit of a rattler. Trump won it by 22. They only won it last night by 10. The Democrat is a nutcase. Excuse me.
Yes, they put a bunch of money into the race, the Dems, but so do the Republicans. So what's happening here? Like, if you actually got the audience with Trump and he said, what should I do to make sure it's not a bloodbath for Republicans in November, what would you tell him? I think the plan... is actually pretty straightforward to diagnose, but it's complicated to fix.
So just to set some context, when I was at the White House, I think it was two or three weeks ago, I saw some data that had been vetted and that was about to be shared with the president. Now I think it's been widely shared, which is that under Joe Biden, I think that the average American family lost about $3,000 of purchasing power.
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Chapter 2: What are Chamath Palihapitiya's insights on the economy and midterms?
You take on a multi-hundred thousand dollar mortgage in a house, most people don't also pay off their mortgages. What they're able to do is rise and participate in the appreciation of the home and then close the mortgage out when they sell the home, right? The overwhelming majority of people get the capital appreciation of this huge loan that is a liability on their balance sheet.
But if you look at student debt, those loans are of the same order of magnitude as a home mortgage, but they don't appreciate in value in any way. They don't accrue value to you in any way. And they're an albatross that you can't even discharge in a bankruptcy. So I think the thing that we have to seriously consider now is at a minimum, do we stop federally underwriting all loans in an equal way?
It doesn't make any logical sense that somebody chasing an eight-year PhD in art history has the same economic opportunities as somebody chasing a four-year degree in biochemistry. The latter has a lot more practical applications, yet when we, the United States people, underwrite that loan so that it can be sold into Wall Street, we view them the same.
So then what happens is Harvard is just as incentivized as to push that person into a, you know, they go to that person and say, Megan, I think you should get an undergrad in biochemistry. You're like, no, I really like art history. They're like, well, what about this PhD? That can't happen anymore. You have to be able to differentiate these things and understand the downstream economic value.
And if you want to study art history, maybe the right thing for most people is to learn by yourself or in a community college class while you are working because you appreciate that underwriting a $300,000 degree for that thing doesn't make any sense economically. We don't have that conversation in the United States, but I think we have to. No, because it's all federal loans.
I mean, if there were private lenders making a case-by-case decision, we would factor earning ability in, but we don't. The government just gives it. And I lived this firsthand, too, even when I was in law school. They raised the amount that you could get from the government on the tuition loans.
And sure enough—and I was thinking, oh, great, I'll actually be able to get some that will go toward my cost of living— Not just tuition. I'll actually be able to pay for my own apartment without having to work all these hours on top of my law school. And no, I couldn't because the law school just raised the tuition exactly the amount that the government raised the loan amount.
So it all goes to the university. Everybody's experiencing this. Can I give you an example that underscores this even more? The best example of why there is sanity in the private markets. Now you've given me what you had. Excuse me. Oh no, over the transom. I'm good. No, you know what it is in Thanksgiving? All that happens is we all spend time at home. We all just get sick. I have five kids.
Three of them were laid out all Thanksgiving. My wife and I were just trying to duck bullets the whole time. It's a miracle. And you know- You think about how easy it is to infect your family because every doorknob you touch in your home, the refrigerator, the remote control, you're just like this Petri dish.
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Chapter 3: What bombshell reporting is revealed about COVID vaccine dangers?
Men are physically stronger, but they are mentally weaker when it comes to the thought or experience of illness. This is a fact. This is why we have the babies. God knew. I have an incredibly funny but sad story about this. So during Thanksgiving, we go on Black Friday to a mall here in Silicon Valley, and two of my kids are sick and my wife is sick.
And in the middle of this thing, there was like a shooting, which never happens where we are. Wow. And the whole mall goes into lockdown. We're in a store. The people at the store did a wonderful job. They closed all the doors. We were sitting in the dressing room just waiting for everything to clear. And it was clear pretty quickly. It was just an isolated event.
But in any event, in the whole thing, I look at my wife and my kids who are sick. And I'm like, are you guys okay? They're like this. And they're like, are you okay? And I had nothing wrong. And I was just a puddle. I was like, you know, I don't know what's going on. I think I have COVID plus the flu, plus the avian flu. I don't know what's happening.
I'm ready to like just completely, it was so, it was so sad. Okay, anyway, so going back to what I was going to say to you before. Keep going. The best example of where there's rationality when the private market prices rise something versus the public market is in mortgages.
So when you buy a home and you want to get either the insurance or the mortgage itself, one of the things that we've been told about for years is there's this threat of climate change. And climate change could meaningfully impact sea levels, they could impact the weather, they could impact extreme weather events.
Well, you know who has the best incentive to understand whether those claims will be true in a dispassionate way? It's banks. And the reason is it's the bank's money that's being used to buy a home. And what's so interesting about that is that forget all of the rhetoric, all of the emotional sturm und drang around climate change.
If you actually just looked at how the banks priced risk over these last 20 years, What the financial direction would tell you was that climate change was something that could theoretically be important, but not much of a thing. And that was the actual financial underwriting.
This is just an example to show you that when you have these important philosophical issues of society, sometimes the clarity and the truth can be found through unemotional financial underwriting. It's not true for all things.
But if you gave these educational degrees into the hands of institutions that would have to pay for it, you would very quickly see them figure out what the ability for these kids would be to pay it and also what the ability for these kids would be to enjoy a good life and their version of the American dream. You would get that answer within a year. Yeah, yeah.
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Chapter 4: How did the Fani Willis case against Trump conclude?
Just do something that genuinely requires you for eight hours a day or six hours a day. Sorry for my rant, but I have strong feelings about it. Yeah, I mean, I think that that's, it's just an incredibly hard thing to do, I guess. Because I think if you put yourself in their shoes, maybe there's a level of stature that they feel like they won't get by doing that. I agree with you.
I've been a worker my whole life. It's the opposite. Yeah. I think you have to have a social circle as well that rewards that. It's hard to go back and say, listen, I've decided to do X, Y, Z, and that's less interesting than, say, flying around to Davos and giving away money. The thing that those folks are able to do, Megan, is they're able to market and make you feel very special for doing that.
So yeah, all I'm saying is we have to find a way of creating a social culture that rewards what you just said. Right. And if we can have me, I'll create the culture around them. They can call me for daily psych up. Affirmations. Affirmations. Yes. I'm happy to give it to like, honestly, when I'm choosing a friend, I would much rather see somebody who's like hustling on her own,
Whatever it is, even if she's married, I know people like this right now who are married to very rich men who are constantly finding something else intellectually interesting to do, whose children are launched in college. They don't require them full-time any longer, and who just continue to challenge themselves. Like, this isn't good enough.
I'm not actually happy just sitting around here being asked for my investments. I have to find a way to... to make my own life matter more than that. And when women don't do that at any income level, I really think it leads to bad things. I think it's one of the reasons why women are a huge part of our problem right now.
They're a huge part of our societal and political problems because they're voting overwhelmingly Democrat. They buy into the narratives that the left sells them about DEI and racism and the trans stuff and empathy. And they're ruining the country with all this apathy and free time. What is it exploiting, do you think? Like, how are the Democrats able to exploit that so well, so efficiently?
Because it is. Allie Bestucky is, speaking of her, she wrote the book called Toxic Empathy, and that's exactly what it is. Women have a beautiful thing called empathy in spades, way more than men have. That's the way God intended it. And it's the reason why, generally, when your kid gets hurt, he wants his mom and not his dad.
You know, you're going to stroke him and hug him and, you know, brush his hair. I can attest. Yeah, and the dad's going to be like, you're fine, you know, toughen up. But that gets exploited from K through 12 and beyond by these teachers who use it to make these girls feel like bad people if they don't buy the Democratic Party line.
It's from all the DEI messaging and the trans messaging right down to when I was in law school, Chamath, They taught us that the Constitution, this is a liberal line, was a living, breathing document that could evolve over time. I had no idea that was a liberal line. I thought that was real.
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Chapter 5: What happened to Amelia Lewis during her assault in NYC?
It went on and on. Kara Swisher, Silicon Valley, speaking of Silicon Valley, this was the issue not long after this. literally two days after this, Vinay Prasad, I'd been listening to, literally two days after this, my sister died, not of COVID. It was a long story, but she died. And I was supposed to do Kara Swisher's podcast and I had to cancel.
So my assistant texted her saying she has a family emergency. She didn't give up the farm. And Kara Swisher wrote back, oh, I'm sure it's a family emergency and not just she's afraid to come on now given the storm around her stupid COVID tweets. I'm really sorry. And Abby was like too polite to just shove it down her throat and say, actually, her sister's dead.
Chapter 6: How did social media play a role in the arrest of Amelia's attacker?
And by the way, when she found out, she wasn't apologetic. She didn't say, oh, my God, I'm such an asshole. Sorry for being such a jerk. Anyway. That's what was happening. That was the reaction to that, Chamath. A huge storm around me telling the truth. And I did a whole Talking Points memo on it the very next day. A whole Talking Points giving me examples of what I was talking about.
Kids who were dying from this. And now we have the FDA finally coming out about to put a black box warning on this thing saying it was all true. Where... Where's the media accountability? Where's the apology from The Hill, The Daily Beast, from Kara Swisher? Why won't any of the dishonest brokers come out and say, we're sorry?
I think that what has to happen are a couple of really important things. The first is that places like you, places like All In, whoever is willing to just independently call balls and strikes, we have to find a way of growing and thriving. And I think that while we're doing a good job, I think it's still very fragile for independent media.
We're still reliant on large distribution channels like Facebook and Instagram and TikTok and Google and X. And at any point, if those fall into the wrong hands or we go back to repressive or regressive regimes around free speech, the ability to talk about an issue from all angles will disappear. That's what we can fix, which is we have to become economically viable to be independent forever.
So that even if all of those places at some point say, hey, you know what? I don't like what you're saying. You can somehow get access to satellite internet and start broadcasting your own thoughts independent of everybody else. Now, what does that require? I think what that requires is extreme privacy and a monetary system that can be shielded.
Now that's a risk today because I think, you know, there's still a lot of ways in which wrong think can be punished. And wrong think ebbs and flows depending on who you are. Like, you know, the European government of wrong think is very different than what, right? And so, and we've seen this, by the way. I've seen it. You guys get, you get suppressed. Your videos get suppressed.
They get lower circulation if you have wrong think in them. And in my case, I get ultimately savaged by the media for something else. They make up some fake controversy to try to diminish my voice because they recognize I'm a threat. Keep going. Look at one of my best friends and my bestie on the pod, David Sacks.
Look at this weekend, this huge trash burger that was written by the New York Times. Complete garbage. Now, and frankly, I talked to David along the way over these months, just seeing how he was dealing with it. I was so shocked at how patient he was and how forthright he was because he was like, there's nothing to see here. And it was five people over five months trying to dig something up.
And ultimately when they found nothing, they tried to write the most hurtful headline, probably with the presumption that maybe most people will just read the headline and move on and we will inflict the damage we want to see in what is an incredible American. And I think that the reason why that happens is because they still have an economic leg to stand on.
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Chapter 7: What are the implications of the January 6 pipe bomber's case?
Chamath, we got to go because I'm up against a hard break. Love talking to you. Please come back soon. Great to see you. Happy holidays. You too. Good luck to your family. Hope everybody heals up. We'll be right back. We talk a lot about personal responsibility on this show. Well, here's one aspect that's really important, your health.
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While many of us were enjoying the Thanksgiving holiday, a judge in Georgia officially ended the election interference case against Donald Trump brought by Fulton County D.A. Fannie Willis in 2023. It was this case that brought us the infamous mugshot that Mr. Trump ended up using on campaign merchandise and that now hangs at the White House. Many in legacy media fawned over Fonny and her case.
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Chapter 8: What does the lawsuit against Jada Pinkett Smith reveal about celebrity culture?
The law puts extraordinarily high ethical burdens on prosecutors. Given the power they have, it can't even have the stank of impropriety. Fannie, you're in trouble. I really don't see a way in which Fannie Willis stays. I don't know that the whole case goes away, but I think she's going to go away.
We all know that Fannie Willis is toast. This is going to get a lot worse for old Fannie and Nathan Wade before it gets better.
There have been massive and explosive developments in the Fannie Willis case. She's picking up the documents. It's a lie. It's a lie. No, no, no, no. This is the truth, Judge. It is a lie.
It is a lie. Anytime she gets caught in a lie, she lashes out. We have gotten our hands on the texts.
These text messages show that Fonny Willis and Nathan Wade did, in fact, have a romantic affair. When you put it together, it probably lights out for Fonny Willis and her prosecution team.
The folks over at the New York Times are absolutely flabbergasted. Who even knew that this could potentially be a thing? The feeling that a lot of people had when this motion was filed was that it was kind of a Hail Mary, right? And there was not much evidence that it was necessarily even true.
Actually, just fact check for you, New York Times, some of us knew exactly what to make of it if you just have an open mind when it comes to anything involving Donald Trump. Christmas came early. It finally happened. A Georgia appeals court has officially disqualified her from the Trump election interference case. She's gone. She's done. It's over for her and her entire office. And it's official.
Another nail in the lawfare coffin against now president elect Donald Trump. Wow, what a walk down memory lane. Joining me now, two of the lawyers who helped walk us through the case falling apart with honest, on-point analysis, Phil Holloway and Dave Ehrenberg, who are both now contributors to the MK True Crime channel. That's its own podcast.
If you haven't subscribed, go to wherever you get your podcasts, type in MK True Crime and hit subscribe. We've got a couple of week offerings on true crime around the country, and it's a great show. It's doing really well. Phil, Dave, welcome back. And Phil, congrats on having that one right from the beginning. Dave, we still love you.
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