So the big story since the last time I spoke with you is that President Trump has agreed to host Putin in October. And what did the media say when they heard that he was going to host Putin in the United States? It went a little something like this: this is either a hair on fire or hair standing straight up. You can interpret it either way.

Now one of the things that I hate to keep referring to, I refer to this as my last Periscope. Chris Cuomo referred to what we're seeing as something like a movie. And he made that reference several times, that the Trump-Russia saga is like a movie. And if it's a movie, you just saw the third act.

So the third act of any movie is, well let me start from the first. The first act, somebody's life changes in some way. In this case the president became president. And then there's a bunch of fun and games where he's acting presidential and people are fighting him, but he comes out okay all the time. And then there's that thing that was foreshadowed, because anything Russian seemed to have been foreshadowed, right? And then when the summit with Putin happened, it felt like everybody thought, oh there it is, the worst of our fears. He likes Putin more than he likes our country. Nothing like that happened, of course. But in one of the movies that people are running in their heads, that's exactly what happened.

So it looks like things could not be worse. Things could not be worse. We've got a president who cares more about a Russian strongman who has done many bad things than he does about his own intelligence service. And I'm watching and watching all that happen. And then Trump invites Putin to another meeting, this time in the States.

Now probably this will be something like a third act. A third act is when things look the worst, like oh my God, it's the end of the world. And that's how it will be reported, right up to and including during the summit, the second summit in October.