Iranian state television aired a three-minute segment titled "Where to Kill Barron Trump," claiming a $10 million bounty on the president's 20-year-old son and mapping his university, his escort vehicles, and his Secret Service posts, per Euronews and The Washington Times. Nobody has verified the bounty. Nobody disputes that it aired. Chuck walks through what was broadcast, what Tasnim did to Melania Trump last month, and why the pattern matters more than the number.

Also in today's episode: the Supreme Court votes 6-3 on President Trump's mail-in ballot order, and the one injunction that ruling did not touch; Treasury Secretary Scott Bessent launches "Operation Economic Outcast" and puts every bank still touching Iranian money on a clock; Mark Carney walks out of trade talks and the answer is 50% tariffs; ICE reports 1,328 arrests in fourt ...