Bannon's War Room

00:00:00.000 This is the primal scream of a dying regime.

00:00:07.700 Pray for our enemies, because we're going medieval on these people.

00:00:12.960 I got a free shot at all these networks lying about the people.

00:00:17.220 The people have had a belly full of it.

00:00:19.120 I know you don't like hearing that.

00:00:20.580 I know you've tried to do everything in the world to stop that,

00:00:22.320 but you're not going to stop it.

00:00:23.240 It's going to happen.

00:00:24.500 And where do people like that go to share the big lie?

00:00:27.900 MAGA Media.

00:00:28.820 I wish in my soul, I wish that any of these people had a conscience.

00:00:34.720 Ask yourself, what is my task and what is my purpose?

00:00:38.460 If that answer is to save my country, this country will be saved.

00:00:44.780 War Room. Here's your host, Stephen K. Bannon.

00:00:53.700 You're in the War Room.

00:00:54.860 It's Wednesday, August 6th in the year of our Lord, 2025.

00:00:59.420 It's Natalie Winters hosting today's episode, this edition, this 5 p.m.

00:01:04.140 evening, afternoon edition of War Room.

00:01:06.600 We are awaiting President Trump, who's going to be speaking live from the Oval Office.

00:01:11.520 Not sure exactly when, but talking about another $100 billion worth of investment from Apple,

00:01:17.860 particularly in American manufacturing.

00:01:21.140 You'll love to hear it.

00:01:22.460 That is, of course, on top of the, I think, already pre-committed $500 billion coming from Apple.

00:01:28.640 And, of course, atop a trove of pro-American manufacturing deals.

00:01:34.420 I think the highlight that we've really been focusing on is that Mountain Pass Rare Earth mineral deal

00:01:39.760 that the Defense Department, under the leadership of Secretary Hegseth, has really spearheaded.

00:01:44.280 We're seeing a lot of converging on the manufacturing and national security front.

00:01:48.620 We love to see it.

00:01:49.480 I'm sure the Chinese Communist Party does not feel the same way.

00:01:54.460 While we await that, we're going to have Kurt Mills join us,

00:01:57.140 talk about the latest going on on the Russia front,

00:01:59.120 some investigations into who is helping the CCP buy up American farmlands.

00:02:04.260 But until we get there, we've got the one and only E.J. Antony, who, I don't know,

00:02:10.040 maybe you're going to be the next BLS head.

00:02:11.720 That's what Steve is saying.

00:02:13.020 I think it would be great.

00:02:13.900 I think you'd be wonderful for the job.

00:02:16.840 But there's been a lot of reporting today.

00:02:19.480 I want to get to the sort of media's attempts to somehow say that revenue from tariffs is bad

00:02:24.780 because we might have to pay it back.

00:02:26.360 But before we debunk, obviously, the legacy media,

00:02:29.540 your reaction to the additional $100 billion worth of investment from Apple.

00:02:36.540 Well, Natalie, thank you for your kind words.

00:02:38.900 And this is just great news in terms of all this investment pouring in from abroad.

00:02:44.300 And also, let's not forget that in addition to the investment pouring in from abroad

00:02:49.080 because of the different trade agreements and negotiations that are being worked out right now,

00:02:53.860 on top of that, you now have the effects of the One Big Beautiful Bill Act, right?

00:02:58.120 And among the good provisions in there is the return of full expensing.

00:03:02.760 So this is essentially going to supercharge domestic investment.

00:03:06.660 So not only do you have, again, that foreign investment coming in, that's great.

00:03:10.940 It's also great that now you're seeing more domestic investment, too,

00:03:15.020 because of that tax advantage there.

00:03:17.000 So you're getting a great one-two punch, essentially, that really, again,

00:03:21.640 it supercharges growth in the economy.

00:03:24.240 Investment is the long-run driver of economic growth.

00:03:27.340 It's not consumer spending, although we talk about consumer spending a lot

00:03:31.480 because that is between two-thirds or three-quarters of the economy,

00:03:34.980 and it's a very, very important component, absolutely.

00:03:38.740 But what sustains it? Investment.

00:03:41.060 Investment is what drives economic growth in the long run.

00:03:44.120 Investment is what drives wages higher.

00:03:46.440 It's what increases productivity, et cetera.

00:03:48.860 So the fact that we're getting more investment means we are setting ourselves up

00:03:52.580 for a huge increase in economic growth in the future.

00:03:56.400 So that's a great, great thing.

00:03:57.920 And again, it's really a kind of double whammy in a good sense here

00:04:01.900 because you are getting that huge inflow of foreign investment,

00:04:05.400 and now you're seeing more domestic investment as well.

00:04:08.700 So really, hats off to the president on achieving, again, that kind of one-two punch.

00:04:15.440 Well, and I think it's a meaningful investment, too, right?

00:04:18.140 Under Joe Biden, you obviously saw parts of the economy expand,

00:04:21.660 but really only for the top 1%.

00:04:23.960 But I think these dollars have sort of a compounding effect,

00:04:27.000 not just on the economy, but frankly, on American society, right?

00:04:30.020 Investing in American manufacturing, not just strengthening supply chains,

00:04:33.800 but also giving, I don't know, call me crazy, actual legacy Americans,

00:04:38.440 native-born Americans jobs, not just these foreigners.

00:04:41.840 So I guess naturally, of course, Politico and their corporate-sponsored pals

00:04:46.640 are going to have to run cover.

00:04:47.960 There was a really interesting headline this morning,

00:04:50.460 how Trump's $150 billion tariff brag could backfire,

00:04:54.840 quote, a court could rule the administration has to repay tariff revenue,

00:04:58.760 which would undercut one of the president's central selling points

00:05:01.480 for its sweeping trade policies.

00:05:03.120 Now, I would not put anything like that past a rogue judge.

00:05:06.820 Maybe it's Boseburg or Barrow Howell, take your pick.

00:05:09.780 But could you just sort of walk us through that bizarre logic chain?

00:05:13.740 I didn't really, really follow, but is this something that is being discussed?

00:05:19.200 Well, I suppose it's certainly possible, Natalie,

00:05:21.920 especially in today's kind of judicial world,

00:05:24.300 where you do have a lot of judges seemingly doing whatever they want.

00:05:29.140 And look, sometimes you will have court rulings that seem like they're outside of the norm

00:05:35.480 but are the right thing.

00:05:37.480 It is a proper constitutional ruling.

00:05:39.700 But more often than that today, what we've seen,

00:05:42.700 and this stretches far beyond economics,

00:05:44.720 is you've seen judges going way beyond their authority

00:05:47.620 and issuing these blatantly unconstitutional rulings,

00:05:51.980 which then ultimately have to get overturned by the Supreme Court.

00:05:55.640 But essentially, in terms of this particular one,

00:05:59.120 what it's talking about is saying a court could theoretically not only rule

00:06:03.800 that a particular tariff is unconstitutional,

00:06:07.860 but then rule that the executive branch must direct the Treasury, essentially,

00:06:12.460 to turn over that revenue back to whoever paid it,

00:06:17.700 to whoever paid those particular tariffs.

00:06:20.380 But I do, Natalie, if I can,

00:06:21.740 I really want to get back to a point that you raised earlier,

00:06:24.320 which was a great, great point,

00:06:26.000 the difference in investment between Biden and Trump.

00:06:29.420 What we saw under Biden, although you're right,

00:06:31.800 it was technically called investment,

00:06:33.920 it was really just wasteful spending.

00:06:35.640 It was putting money into inefficient projects that were net losers,

00:06:40.600 things like solar, like wind,

00:06:42.900 projects that can't ever actually break even over their lifetime

00:06:46.000 without massive, massive government subsidies.

00:06:50.140 And so what that, again, investment in quotes here, in air quotes,

00:06:55.120 what that investment under Biden was really all about

00:06:58.020 was wasting taxpayer dollars,

00:07:00.200 as opposed to the investment that we're seeing today,

00:07:02.760 which is going to build plants and equipment

00:07:05.640 to allow for more manufacturing.

00:07:08.000 It's going to go to additional software development,

00:07:10.160 all of these different things that, again,

00:07:11.620 they increase productivity.

00:07:13.520 It drives production higher.

00:07:15.060 It drives wages higher.

00:07:16.660 And that's where you get real economic growth,

00:07:19.580 as opposed to, again, what we saw under Biden,

00:07:23.060 which was little more than simply

00:07:24.940 flushing taxpayer dollars down the drain.

00:07:28.860 Well, and it's also not even mutually exclusive

00:07:31.960 with, I think, really stellar performance

00:07:34.640 from a lot of the companies in the S&P 500.

00:07:37.960 I always love having you on,

00:07:39.160 because I can just throw you a statistic,

00:07:40.800 and you can sort of contextualize it for us.

00:07:43.360 But I saw that, despite all the fear-mongering

00:07:46.760 over President Trump's tariffs

00:07:48.620 and how unsteady of a hand he is,

00:07:51.700 that 82% of the S&P 500 companies

00:07:54.740 actually beat their quarterly earnings estimates,

00:07:57.740 which is the highest number in four years.

00:08:01.140 Can you walk us through how it's both Main Street

00:08:05.240 and just your average, typical American family,

00:08:08.260 but also these large corporations

00:08:10.140 who are sort of experiencing a boon

00:08:13.260 from President Trump's actions?

00:08:16.200 Well, we talk about stock indexes, Natalie,

00:08:19.820 like the S&P 500,

00:08:21.300 and we say that's Wall Street.

00:08:22.820 That's really Main Street,

00:08:24.520 not only because it's a wide array of companies,

00:08:27.440 right, 500 companies,

00:08:28.740 and there's a lot of Americans

00:08:29.740 who work in those companies.

00:08:32.300 There are all kinds of plants and stores

00:08:34.860 all around the country from those companies,

00:08:37.380 not just because of that,

00:08:38.900 but because the vast majority of Americans

00:08:41.120 are actually invested in those companies.

00:08:44.200 Sure, some individuals own shares of stock,

00:08:46.820 but most of us have things like retirement accounts.

00:08:49.940 You know, it could be a pension plan,

00:08:51.680 could be an IRA like a 401k,

00:08:54.440 whatever the case may be.

00:08:56.100 The vast majority of Main Street America

00:08:58.480 is invested in an index like the S&P 500.

00:09:02.600 And so when those indexes do well,

00:09:04.900 Main Street actually does well.

00:09:07.020 It's kind of a misnomer when we talk about,

00:09:09.320 again, something like the S&P 500,

00:09:11.140 and we think, oh, that's just Wall Street.

00:09:13.280 That's somewhere in Manhattan.

00:09:15.020 That's not Main Street.

00:09:16.040 It really is.

00:09:17.220 And so it's good when we see those stock prices go up

00:09:20.480 because these companies are beating earning estimates.

00:09:23.380 Now, there's two kind of effects

00:09:25.680 we should point out here.

00:09:27.080 One was that companies really thought

00:09:30.020 that the tariffs were gonna have

00:09:31.920 a very, very detrimental effect on the economy

00:09:34.580 and some of the other economic policy changes

00:09:38.020 that we've seen.

00:09:39.200 And so they lowered their estimates,

00:09:41.280 and then it made it a lot easier to beat those estimates.

00:09:43.900 But even if you consider the lower estimates,

00:09:47.300 in other words,

00:09:48.280 what did the most recent earnings round look like

00:09:51.500 against previous guidance data,

00:09:53.600 you find that it's still beating those numbers as well.

00:09:56.920 So earnings went up

00:09:58.140 at the same time expectations went down.

00:10:00.660 Again, a kind of one-two punch,

00:10:02.380 if I can continue to use that phrase.

00:10:05.180 And that has really helped, I think,

00:10:07.040 buoy markets along here.

00:10:09.120 Getting back to your other question, though,

00:10:11.480 it's not just a matter of the tariffs.

00:10:13.880 The tariffs are the stick

00:10:15.620 in a carrot and stick approach here.

00:10:17.820 So what is the carrot then?

00:10:19.080 The carrot is deregulation.

00:10:21.420 It's lower taxation.

00:10:22.800 It's creating a more business-friendly environment

00:10:25.260 that makes it easier to employ people here in America

00:10:29.100 and produce stuff here in America,

00:10:31.620 whether those are products

00:10:32.700 or whether those are services.

00:10:34.660 So at the end of the day,

00:10:36.380 again, it's this carrot-stick approach

00:10:38.080 where you disincentivize moving production abroad

00:10:40.880 and you incentivize moving it here.

00:10:43.500 And thus far,

00:10:44.580 that has really been a winning formula

00:10:46.720 for this White House.

00:10:48.980 Well, let's make it a one-two-three punch.

00:10:53.440 Obviously, Bannon always says that,

00:10:55.160 you know, trade policy, immigration policy

00:10:56.860 are essentially two sides of the same coin.

00:10:59.600 And I think that's a particularly sound metaphor

00:11:01.800 because that coin, I think,

00:11:03.660 represents the wages of America's,

00:11:05.760 you know, working class.

00:11:07.560 And I think, to your point,

00:11:08.660 the idea that we're actually hiring Americans,

00:11:10.960 that's something we've certainly seen

00:11:12.240 in the job numbers, right?

00:11:13.480 Revisions, not in the Biden style,

00:11:15.680 but showing that there's actually

00:11:16.860 American-born workers getting jobs,

00:11:19.260 not foreign imports.

00:11:20.740 But an interesting statistic

00:11:22.180 showing that remittances to Mexico

00:11:24.380 have actually plummeted 16.2% in June,

00:11:28.520 which is the biggest drop in over a decade.

00:11:31.900 Can you just sort of contextualize

00:11:33.840 the significance, not just the meaning,

00:11:36.000 but the outright significance of that

00:11:37.480 for American workers?

00:11:38.900 Oh, certainly, Natalie.

00:11:41.460 And I think this is kind of a symptom

00:11:43.380 of what we're also seeing

00:11:44.620 in some of the broader labor market data,

00:11:47.400 not the least of which is what you already mentioned,

00:11:49.520 that the job growth today

00:11:51.520 is going to native-born Americans

00:11:53.540 as opposed to going to foreign-born workers.

00:11:56.260 Now, what we saw during

00:11:57.360 the first Trump administration

00:11:58.540 was the economy was essentially adding

00:12:00.560 so many jobs at such a steady pace

00:12:02.620 that both groups saw employment go up.

00:12:05.400 There were more native-born Americans employed

00:12:07.200 and there were more foreign-born workers employed.

00:12:10.380 Unfortunately, what we saw under Biden

00:12:12.200 was really exactly the opposite.

00:12:13.920 Native-born Americans were largely left behind

00:12:16.880 in that labor market.

00:12:18.460 So much so, Natalie,

00:12:19.500 that by the time Biden left office,

00:12:21.760 you had fewer native-born Americans employed

00:12:24.680 than before the pandemic.

00:12:26.360 So all of the net job growth

00:12:27.980 that we had over that time,

00:12:29.600 it's reasonable to assume

00:12:30.760 it was all going to those foreign-born workers,

00:12:33.700 which were just being imported en masse

00:12:35.840 by the last administration.

00:12:37.740 And look, the labor market is a market.

00:12:40.120 It's right there in the name.

00:12:41.780 And so we have to remember,

00:12:43.440 even though people are unique,

00:12:45.200 people are not a regular economic commodity,

00:12:47.860 the basic laws of economics still apply here.

00:12:51.060 When you see those kinds

00:12:52.180 of drastic increases in supply,

00:12:53.980 it puts downward pressure on prices.

00:12:56.140 And in the labor market, we call that wages.

00:12:57.940 So when you reverse that,

00:12:59.320 you reverse the effects.

00:13:00.260 And that is President Donald Trump.

00:13:01.180 So I'm going to have to toss to him.

00:13:02.880 I don't know if you can hear me.

00:13:04.280 We will have you back.

00:13:05.460 E.J. and Tony, you've got to follow him

00:13:06.660 on Twitter, the best analysis.

00:13:07.700 But President Trump is speaking live

00:13:08.980 from the Oval Office.

00:13:09.760 Let's go to it.

00:13:10.180 As you know, five people were seriously wounded

00:13:10.440 and two very, very seriously hurt

00:13:13.000 around 11 o'clock this morning.

00:13:15.780 The shooter is now in custody.

00:13:18.040 And the Army Criminal Investigation Division

00:13:20.620 is on site to ensure

00:13:22.360 that the perpetrator of this atrocity,

00:13:24.960 which is exactly what it is,

00:13:26.600 will be prosecuted

00:13:28.600 to the fullest extent of the law.

00:13:30.300 The entire nation is praying

00:13:32.540 for the victims and their families.

00:13:35.540 And hopefully they'll fully recover.

00:13:38.260 And we can put this chapter behind,

00:13:41.680 but we're not going to forget what happened.

00:13:43.560 We're going to take very good care

00:13:45.480 of this person that did this horrible person.

00:13:49.800 This afternoon, we're pleased to welcome

00:13:51.740 to the White House

00:13:52.560 one of the great and most esteemed business leaders

00:13:56.240 and geniuses and innovators anywhere in the world.

00:13:59.600 Apple CEO Tim Cook.

00:14:01.520 Amazing job.

00:14:03.260 Thanks as well to Secretary of the Treasury,

00:14:06.560 Scott Fesant,

00:14:07.920 and Secretary of Commerce, Howard Lutnick,

00:14:10.600 for being here, wherever you may be.

00:14:12.480 Oh, there you are.

00:14:13.560 Hello, fellas.

00:14:14.420 I missed you.

00:14:15.820 Today, Apple is announcing

00:14:17.180 that it will invest $600 billion.

00:14:21.080 That's with a B

00:14:21.740 in the United States

00:14:23.840 over the next four years.

00:14:25.120 That's $100 billion

00:14:26.860 more than they were originally going to invest.

00:14:31.260 And this is the largest investment

00:14:32.820 Apple has ever made

00:14:33.980 in America and anywhere else.

00:14:37.000 And it's just an honor to have you.

00:14:38.920 As you know,

00:14:39.460 Apple's been an investor

00:14:40.500 in other countries a little bit.

00:14:41.800 I won't say which ones,

00:14:43.000 but a couple.

00:14:44.560 And they're coming home.

00:14:48.340 $600 billion.

00:14:49.860 It's the biggest there is.

00:14:52.420 The company is also unveiling

00:14:53.820 its ambitious

00:14:54.500 new American manufacturing program,

00:14:56.640 which will bring factories

00:14:57.720 and assembly lines

00:14:58.820 across our country,

00:15:00.520 all roaring to life.

00:15:01.760 Areas that we're not doing so well

00:15:03.480 are doing very well.

00:15:04.500 We have about $17 trillion

00:15:06.980 coming into the United States,

00:15:09.080 which is more than ever before.

00:15:10.740 That's never even come close.

00:15:13.160 There's never been anything like it.

00:15:14.840 Even you,

00:15:15.480 that's even a lot of money for you.

00:15:17.240 But we have commitments

00:15:18.400 of more than $17 trillion.

00:15:22.040 That was as of a couple of weeks ago.

00:15:24.300 These investments will directly create

00:15:26.600 more than 20,000 brand new American jobs

00:15:29.640 and many thousands more

00:15:31.020 at the Apple suppliers

00:15:32.460 like Corning, Broadcom,

00:15:35.000 Texas Instruments,

00:15:36.100 and Samsung

00:15:36.680 who all deal in that world

00:15:39.520 as part of this historic commitment.

00:15:41.940 Apple will massively increase spending

00:15:43.900 on its domestic supply chain

00:15:45.660 for the iPhone

00:15:46.880 and will build the largest

00:15:48.360 and most sophisticated

00:15:49.360 smart glass production line

00:15:51.700 in the world

00:15:52.540 in Harrodsburg, Kentucky,

00:15:56.160 which is a great...

00:15:56.940 Actually, I did very well there.

00:15:58.620 I like it

00:15:59.080 because I see I did very well there.

00:16:01.060 I did very well in Kentucky,

00:16:02.740 but it's a great place.

00:16:03.780 You're going to be very happy.

00:16:04.560 I thought maybe while we're up,

00:16:07.520 I'll interrupt my own speech

00:16:08.780 by you might show them

00:16:10.500 a little bit about the product

00:16:11.900 that you're going to be doing

00:16:12.780 in Kentucky, Tim.

00:16:13.900 Absolutely.

00:16:14.340 Do you mind if I step up in here?

00:16:15.120 Yes, please.

00:16:16.680 This box was made

00:16:18.260 here in the U.S., California.

00:16:20.240 And this glass comes off

00:16:24.240 of the horning line.

00:16:26.840 It's engraved for President Trump.

00:16:29.160 It's a unique unit of one.

00:16:32.120 It was designed by

00:16:33.680 a U.S. Marine Corps corporal,

00:16:36.400 a former one,

00:16:37.380 that works at Apple now.

00:16:38.780 He's done well.

00:16:39.880 Designed it for you.

00:16:40.780 And the base

00:16:42.700 comes from Utah

00:16:46.220 and is 24 karat gold.

00:16:50.240 And it sits,

00:16:52.260 I'll take the liberty

00:16:53.340 of setting it off.

00:16:54.860 Wow.

00:17:00.720 Well, let's see.

00:17:02.300 There we go.

00:17:06.680 Congratulations.

00:17:07.280 Thank you, Mr. President.

00:17:08.540 Thank you so much.

00:17:09.540 The great people of Kentucky.

00:17:13.020 You're going to find it

00:17:13.760 a great place to do business, too.

00:17:15.860 It's fantastic.

00:17:17.360 Isn't that nice?

00:17:18.000 We're doing these things now

00:17:19.580 in the United States

00:17:20.540 instead of other countries,

00:17:22.680 faraway countries.

00:17:24.480 This is a significant step

00:17:26.100 toward the ultimate goal

00:17:27.340 of ensuring that iPhones

00:17:28.960 sold in the United States

00:17:30.420 of America

00:17:30.940 also are made in America

00:17:33.020 with the mass infusion

00:17:34.220 of capital.

00:17:34.960 It's announcing today

00:17:35.840 Apple will also build

00:17:37.100 a 250,000 square foot

00:17:39.940 server manufacturing facility

00:17:41.920 in Houston

00:17:42.560 and invest billions of dollars

00:17:44.600 to construct data centers

00:17:46.120 across the country

00:17:47.020 from North Carolina

00:17:48.220 to Iowa

00:17:49.380 to Oregon.

00:17:51.540 That's big stuff.

00:17:52.700 Apple will also open

00:17:53.900 state-of-the-art

00:17:54.620 manufacturer economy.

00:17:56.880 It's going to be

00:17:57.280 a manufacturing academy

00:17:59.700 in Detroit.

00:18:00.460 and that's a great place

00:18:02.520 to do.

00:18:03.080 You know,

00:18:03.420 big things are happening

00:18:04.380 in Michigan and Detroit.

00:18:07.120 They're coming in

00:18:07.820 because of what we've done

00:18:08.960 with the,

00:18:10.080 I call it the great,

00:18:11.140 big, beautiful bill.

00:18:12.000 I added one word,

00:18:13.100 great.

00:18:14.200 But we have

00:18:15.020 probably the biggest,

00:18:18.400 most comprehensive piece

00:18:20.400 of legislation

00:18:21.160 ever passed.

00:18:22.000 It's going to mean

00:18:22.740 unbelievable numbers

00:18:24.460 of jobs

00:18:25.680 and no jobs.

00:18:27.160 Think of this,

00:18:28.120 whether it's tips

00:18:29.880 or overtime

00:18:30.640 or social security,

00:18:32.440 no tax.

00:18:33.060 So no tax on tips,

00:18:34.960 no tax on social security,

00:18:36.960 no tax on overtime.

00:18:38.760 And there's just

00:18:39.320 a small bit of it

00:18:40.880 for Apple

00:18:42.540 and others' businesses.

00:18:43.780 We're talking about

00:18:44.660 the deductions

00:18:45.360 and all of the things.

00:18:46.560 And actually,

00:18:47.080 for people,

00:18:47.960 they go out

00:18:48.480 and buy a car,

00:18:49.080 the first time

00:18:49.580 it's ever been done.

00:18:50.560 We talk about

00:18:51.240 deductions for companies,

00:18:53.000 but they're going to be

00:18:53.600 able to deduct interest

00:18:55.100 when they borrow money

00:18:56.740 to buy a car.

00:18:57.680 If it's made in America,

00:19:00.160 it has to be made

00:19:00.800 in America.

00:19:01.540 So it is amazing.

00:19:03.480 And one of the reasons

00:19:04.140 I think I can say

00:19:05.020 that Apple's coming here

00:19:06.080 is the legislation

00:19:07.460 we just passed

00:19:08.680 with this kind

00:19:09.720 of investment.

00:19:11.300 Apple will also open

00:19:12.600 other facilities,

00:19:15.380 rare earth magnets

00:19:16.440 from Texas

00:19:17.740 and build,

00:19:18.640 oh, I love that

00:19:19.380 you're doing this.

00:19:20.260 I love that.

00:19:21.120 I love that.

00:19:22.500 And build a brand new

00:19:23.640 rare earth recycling line

00:19:25.340 in Mountain Pass,

00:19:26.940 California.

00:19:27.660 I know that area.

00:19:28.560 That's where they have

00:19:29.840 a lot of truly rare earth.

00:19:31.880 That's fantastic.

00:19:32.980 I love that.

00:19:34.120 And Apple will help

00:19:34.900 develop and manufacture

00:19:36.180 semiconductors

00:19:37.200 and semiconductor equipment

00:19:38.580 in Texas,

00:19:39.600 Utah,

00:19:40.340 Arizona,

00:19:40.880 and New York.

00:19:42.400 For years,

00:19:43.400 Americans have watched

00:19:44.380 as many of our leading

00:19:45.380 tech giants

00:19:46.120 built their factories overseas

00:19:47.560 and exported

00:19:48.240 American jobs abroad.

00:19:50.020 But under the Trump

00:19:51.540 administration,

00:19:52.080 we're doing everything

00:19:53.440 possible to make this

00:19:54.560 the best place on earth

00:19:55.680 to build a factory

00:19:57.200 or grow businesses.

00:19:58.340 I'm allowing them

00:19:59.040 to build electric

00:20:00.980 producing plants

00:20:02.180 with their factory

00:20:03.500 because otherwise

00:20:04.300 they'd have to hook

00:20:05.020 into the grid.

00:20:05.740 And I think it's one

00:20:06.300 of the biggest things

00:20:06.980 we've done

00:20:07.440 where you can build,

00:20:10.820 Tim,

00:20:11.060 your own electricity.

00:20:13.040 You become your own

00:20:14.580 electric manufacturer

00:20:16.420 and that goes along

00:20:18.000 with the plants.

00:20:18.660 So you become a utility.

00:20:20.360 So congratulations,

00:20:21.480 now you're in the utility.

00:20:22.620 I hope they don't value

00:20:24.360 your company

00:20:25.520 based on utility,

00:20:26.680 but that's okay.

00:20:27.380 You're going to make,

00:20:28.440 you're going to be making

00:20:29.220 your own electricity.

00:20:31.140 And as you probably know,

00:20:32.240 for much of this

00:20:33.120 and much of many

00:20:34.060 of the things

00:20:34.520 that we're doing,

00:20:35.080 especially the AI,

00:20:36.840 they would need

00:20:37.420 actually double

00:20:38.640 the electricity

00:20:40.120 that the country

00:20:41.500 now produces

00:20:42.200 for everything.

00:20:43.440 So it's massive electric

00:20:44.920 and they're going to be able

00:20:45.780 to make their own

00:20:46.580 and they're getting

00:20:47.020 very fast approvals.

00:20:48.200 Lee Zeldin is doing

00:20:49.220 a fantastic job,

00:20:50.380 including with a 100%

00:20:52.840 expensing on the one

00:20:55.820 big, beautiful bill.

00:20:57.300 In return,

00:20:57.920 we're asking our businesses

00:20:59.360 to invest in America

00:21:01.060 and they're coming in

00:21:01.900 at levels

00:21:02.280 that we've never seen before.

00:21:03.520 So I don't know

00:21:04.480 when it shows up,

00:21:05.840 but there are a lot

00:21:06.600 of factories

00:21:07.420 and a lot of plants

00:21:08.500 that are either

00:21:09.600 under construction

00:21:10.480 or soon will be

00:21:11.260 starting construction.

00:21:12.380 So I can't tell you

00:21:13.460 exactly when,

00:21:14.200 but I want to be

00:21:16.520 around in about

00:21:17.840 a year from now

00:21:18.640 and two years

00:21:19.720 from now

00:21:20.100 because we're going

00:21:20.640 to see an explosion

00:21:22.380 I think like this country

00:21:23.520 has never seen before.

00:21:25.220 Never.

00:21:26.300 Today's announcement

00:21:27.140 is one of the largest

00:21:28.140 commitments

00:21:28.680 in what has become

00:21:29.820 among the greatest

00:21:31.200 investment booms

00:21:32.180 in our nation's history

00:21:33.440 and we've got the hottest

00:21:34.980 country anywhere

00:21:35.740 in the world.

00:21:36.360 You know,

00:21:36.480 I told you the story

00:21:37.540 that and Tim,

00:21:39.540 I'll tell you,

00:21:40.180 but I went to

00:21:41.480 the Middle East

00:21:42.060 and I was with Qatar.

00:21:44.700 I was with UAE

00:21:46.020 and the king

00:21:47.100 of Saudi Arabia,

00:21:48.180 all great leaders.

00:21:49.520 And then I went to NATO

00:21:50.920 and saw many great leaders

00:21:52.520 and we just finished that

00:21:54.200 about four weeks ago.

00:21:55.380 Everyone,

00:21:55.940 virtually everyone said

00:21:57.160 in effect

00:21:58.580 that we were

00:21:59.820 a dead country

00:22:00.960 one year ago.

00:22:02.720 America,

00:22:03.140 this was a dead country.

00:22:04.640 We were dying,

00:22:05.420 we were dead

00:22:06.020 and now you've got

00:22:07.720 the hottest country

00:22:08.560 anywhere in the world.

00:22:09.960 This would have

00:22:10.460 never happened

00:22:11.140 except for

00:22:11.780 certain people.

00:22:14.060 Thank you very much.

00:22:14.880 I appreciate it.

00:22:16.540 NVIDIA

00:22:17.020 is investing

00:22:18.660 500 billion

00:22:20.280 to go along

00:22:21.520 with Apple,

00:22:22.160 600 billion,

00:22:23.260 600 billion.

00:22:24.860 Micron,

00:22:25.480 great company,

00:22:26.040 is investing

00:22:26.680 200 billion.

00:22:28.040 IBM is investing

00:22:29.220 more than

00:22:29.680 150 billion.

00:22:31.820 SoftBank

00:22:32.440 is investing

00:22:34.180 substantially

00:22:35.040 more than

00:22:35.540 100 billion.

00:22:36.900 TSMC

00:22:37.520 is investing

00:22:38.800 200 billion.

00:22:39.940 Johnson & Johnson

00:22:40.860 55 billion.

00:22:42.120 Merck,

00:22:43.380 Stellantis,

00:22:44.140 and General Motors

00:22:44.860 are putting

00:22:45.480 many, many billions in.

00:22:46.820 They haven't

00:22:47.340 determined the final number.

00:22:48.960 And many other countries

00:22:49.900 are investing

00:22:50.520 tens of billions

00:22:51.380 of dollars

00:22:51.900 that I'm not going to

00:22:52.980 give you the whole list

00:22:54.640 because the list

00:22:55.380 is too long to read.

00:22:57.260 But it's

00:22:57.820 hundreds of billions

00:22:59.500 and even trillions.

00:23:00.580 I mean,

00:23:00.800 it's trillions of dollars

00:23:01.860 that's being invested

00:23:02.680 right now.

00:23:03.280 Last week,

00:23:04.360 it was announced

00:23:04.940 that our economy

00:23:06.040 grew at 3%

00:23:07.120 in the second quarter

00:23:08.220 and consumer confidence

00:23:10.080 is surging.

00:23:10.960 Blue-collar wages

00:23:11.820 are rising rapidly.

00:23:13.760 Costs are way down.

00:23:14.800 You know,

00:23:15.020 I listen to these

00:23:16.260 horrendous frauds

00:23:18.440 on CNN

00:23:19.640 and various other

00:23:20.880 fake news networks

00:23:22.880 and they say,

00:23:24.240 costs are up.

00:23:25.000 No, no.

00:23:25.500 Costs are down.

00:23:27.860 Gasoline

00:23:28.380 is down.

00:23:29.540 It's going to soon,

00:23:30.140 I believe,

00:23:30.680 be less than $2 a gallon.

00:23:32.700 It's around $2.40

00:23:34.500 right now,

00:23:35.540 many places,

00:23:36.340 other than a California

00:23:37.320 where they tax you

00:23:38.080 out of business

00:23:38.680 and a couple of others.

00:23:41.020 But gasoline

00:23:42.180 is way down.

00:23:43.760 The price of groceries

00:23:45.100 are down.

00:23:46.360 How about eggs?

00:23:47.120 When I first came here,

00:23:48.060 my first week,

00:23:49.620 the press hit me

00:23:51.800 very hard on eggs.

00:23:52.920 Eggs had quadrupled

00:23:53.980 or something.

00:23:55.160 I said,

00:23:55.640 I didn't know about it.

00:23:57.080 Give me a chance.

00:23:57.920 I've just been here

00:23:58.540 for four days.

00:23:59.900 Well,

00:24:00.060 eggs are down.

00:24:00.940 Everything's down.

00:24:02.020 Price is down.

00:24:03.140 The only thing that's up

00:24:04.220 is stock prices.

00:24:05.160 That's really up

00:24:06.500 and that's through the roof.

00:24:08.040 The stock market

00:24:08.800 has been hitting

00:24:09.840 all-time records,

00:24:11.200 all-time highs.

00:24:13.080 Last week,

00:24:13.660 it was announced

00:24:14.280 that our economy grew

00:24:16.240 at levels

00:24:17.400 that we haven't seen

00:24:18.440 in a long time.

00:24:19.360 But the real levels

00:24:20.640 of growth

00:24:21.080 are going to be judged

00:24:22.020 in a year from now

00:24:22.940 when you start seeing

00:24:23.700 some of these

00:24:24.240 incredible plants

00:24:25.540 because we have

00:24:26.140 car plants opening.

00:24:27.180 They're coming in

00:24:27.860 from Canada,

00:24:28.600 from Mexico,

00:24:29.400 and from all over the world.

00:24:31.700 And they're coming in

00:24:32.620 because they like

00:24:33.260 the way the election

00:24:34.060 worked out,

00:24:34.720 but they also like

00:24:35.540 the fact that

00:24:36.080 they don't want

00:24:36.440 to pay tariffs.

00:24:37.880 And the tariffs,

00:24:39.480 I think,

00:24:40.200 we'll be taking,

00:24:40.800 well,

00:24:41.020 we're taking in

00:24:41.620 hundreds of billions

00:24:42.440 of dollars in tariffs.

00:24:44.100 I won't be so specific

00:24:45.320 other than to say,

00:24:46.280 because we don't even know

00:24:47.120 what the final number is.

00:24:48.100 We just made a deal,

00:24:49.740 as you know,

00:24:50.140 with the EU

00:24:50.780 where they're paying

00:24:52.000 hundreds of billions

00:24:52.840 of dollars.

00:24:54.100 Japan paying

00:24:55.020 hundreds of billions

00:24:55.960 of dollars.

00:24:56.980 And numerous other

00:24:58.080 countries paying

00:24:58.760 hundreds of billions

00:24:59.680 of dollars.

00:25:00.580 And we're not even

00:25:02.520 completed there.

00:25:03.520 And as you know,

00:25:04.520 they found 25 billion

00:25:05.820 three weeks ago.

00:25:07.320 They said,

00:25:07.920 we have a surplus

00:25:08.820 of 25 billion dollars.

00:25:10.900 And they said,

00:25:11.740 where did this come from?

00:25:12.680 They said,

00:25:12.920 check the tariffs.

00:25:13.760 And they checked.

00:25:14.300 They said,

00:25:14.620 you're right.

00:25:15.040 That's where it came from.

00:25:15.860 And we've really

00:25:17.160 just started.

00:25:18.100 This is just

00:25:18.820 in its infancy.

00:25:19.900 So we have a great country.

00:25:22.720 We have a country

00:25:23.320 that is going

00:25:25.000 to be very rich.

00:25:25.960 It's a country

00:25:27.840 that we're very proud of,

00:25:28.920 but it's going

00:25:29.260 to be very rich.

00:25:30.800 And it's companies

00:25:31.840 like Apple.

00:25:32.640 They they're coming home.

00:25:34.400 They're all coming home.

00:25:36.140 And we want them

00:25:37.180 to come home.

00:25:37.780 They have to come home.

00:25:39.080 We're going to treat

00:25:39.680 them really well.

00:25:40.800 We're going to be putting

00:25:41.660 a very large tariff

00:25:44.260 on chips

00:25:45.540 and semiconductors.

00:25:47.420 But the good news

00:25:48.880 for companies

00:25:49.760 like Apple

00:25:50.360 is if you're building

00:25:51.460 in the United States

00:25:53.460 or have committed

00:25:54.300 to build

00:25:54.860 without question

00:25:55.700 committed to build

00:25:56.580 in the United States,

00:25:57.740 there will be no charge.

00:26:00.160 In other words,

00:26:00.920 we're not going

00:26:01.560 to be charging.

00:26:02.440 So a lot of countries,

00:26:04.140 a lot of companies

00:26:04.840 are leaving

00:26:05.380 various other places

00:26:06.840 and they're coming

00:26:07.560 to the United States.

00:26:08.820 So in other words,

00:26:10.100 we'll be putting

00:26:10.700 a tariff on

00:26:11.660 of approximately 100%

00:26:13.480 on chips

00:26:14.720 and semiconductors.

00:26:16.300 But if you're building

00:26:17.940 in the United States

00:26:19.480 of America,

00:26:20.540 there's no charge,

00:26:21.840 even though you're building

00:26:22.720 and you're not producing

00:26:24.720 yet in terms of

00:26:25.740 the big numbers of jobs

00:26:27.380 and all of the things

00:26:28.580 that you're building.

00:26:29.820 If you're building,

00:26:30.900 there will be no charge.

00:26:31.900 So I just want everyone

00:26:32.760 to know that.

00:26:33.460 And I didn't even tell you

00:26:34.960 that inside.

00:26:35.720 We discussed the concept,

00:26:37.960 but I didn't.

00:26:38.640 So it's a big factor.

00:26:40.300 So 100% tariff

00:26:42.280 on all chips

00:26:43.220 and semiconductors

00:26:44.700 coming into the United States.

00:26:46.660 But if you've made

00:26:47.620 a commitment to build

00:26:48.580 or if you're in the process

00:26:49.600 of building,

00:26:50.140 as many are,

00:26:51.300 there is no tariff.

00:26:53.460 Okay?

00:26:54.380 If for some reason

00:26:55.480 you say you're building

00:26:56.380 and you don't build,

00:26:57.380 then we go back

00:26:58.140 and get,

00:26:58.960 we add it up,

00:27:00.700 it accumulates

00:27:01.920 and we charge you

00:27:03.480 at a later date,

00:27:04.800 you have to pay.

00:27:06.020 And that's a guarantee.

00:27:07.260 So that's a big statement.

00:27:09.440 And I think

00:27:10.240 the chip companies

00:27:11.560 are all coming back home.

00:27:13.120 They're all coming back.

00:27:14.460 You know,

00:27:14.620 we started with Intel

00:27:15.720 and gradually Intel

00:27:18.260 was just taken over

00:27:19.860 the coals.

00:27:21.500 They were taken

00:27:21.940 to the cleaners,

00:27:22.820 frankly,

00:27:23.960 and moved to other places,

00:27:26.120 in particular Taiwan.

00:27:27.780 But I think

00:27:28.400 a lot of those,

00:27:29.240 a lot of those companies

00:27:30.860 are coming back

00:27:31.600 and they're coming back

00:27:32.360 very rapidly.

00:27:33.040 So that's a big statement,

00:27:34.240 100% tariff.

00:27:35.960 I want to thank you

00:27:37.040 very much.

00:27:37.520 Tim,

00:27:37.660 would you like to say

00:27:38.320 a few words

00:27:38.820 about your company?

00:27:39.740 Please.

00:27:44.020 Good afternoon, everyone.

00:27:45.800 Mr. President,

00:27:46.840 thank you very much

00:27:47.860 for having me here today.

00:27:49.760 You've been a great advocate

00:27:51.340 for American innovation

00:27:52.800 and manufacturing,

00:27:53.980 and I'm grateful

00:27:54.480 for your leadership

00:27:55.300 and your commitment.

00:27:57.580 That's a commitment

00:27:58.480 we share at Apple

00:27:59.500 because American innovation

00:28:01.300 is central

00:28:02.060 to everything we do.

00:28:03.900 Our products

00:28:04.640 are designed here,

00:28:05.880 we're hiring

00:28:06.500 and growing here,

00:28:07.700 and we support

00:28:08.640 450,000 jobs

00:28:10.660 with thousands

00:28:11.700 of suppliers

00:28:12.400 and partners

00:28:13.100 in all 50 states.

00:28:15.480 Earlier this year,

00:28:17.040 we made our largest

00:28:18.760 ever spending commitment,

00:28:20.760 $500 billion to the U.S.

00:28:22.860 over the next four years.

00:28:24.600 That's already

00:28:25.480 yielding results.

00:28:27.060 Earlier this year,

00:28:27.860 we broke ground

00:28:28.560 on a new factory

00:28:29.360 in Houston

00:28:29.940 to make advanced AI servers,

00:28:32.060 and just last month,

00:28:33.380 the very first test unit

00:28:35.040 rolled off that factory's line,

00:28:37.280 proudly made in America.

00:28:40.120 President Trump

00:28:40.980 shared some kind words

00:28:42.220 about that work,

00:28:43.840 but he also asked us

00:28:45.900 to think about

00:28:46.520 what more we could commit

00:28:47.700 to doing.

00:28:48.740 And, Mr. President,

00:28:49.940 we took that challenge

00:28:51.000 very seriously.

00:28:52.520 I'm glad to be here

00:28:53.960 with you today,

00:28:54.620 and I'm very proud

00:28:55.700 to say that today

00:28:57.360 we're committing

00:28:58.100 an additional $100 billion

00:29:00.040 to the United States,

00:29:01.720 bringing our total U.S. investment

00:29:03.620 to $600 billion

00:29:05.020 over the next four years.

00:29:07.160 As a part of this,

00:29:08.640 we're launching

00:29:09.260 Apple's American

00:29:10.600 manufacturing program.

00:29:12.480 It will spur

00:29:13.400 even more production

00:29:14.600 right here in America

00:29:16.140 for critical components

00:29:18.140 used in Apple products

00:29:19.640 all around the world.

00:29:21.600 And we're thrilled

00:29:22.580 to announce

00:29:23.180 that we've already

00:29:23.980 signed new agreements

00:29:25.180 with 10 companies

00:29:26.740 across America

00:29:27.680 to do just that.

00:29:30.000 First,

00:29:30.760 with today's announcements,

00:29:31.880 I'm proud to say

00:29:32.800 that Apple is leading

00:29:33.920 the creation

00:29:34.700 of an end-to-end

00:29:36.720 silicon supply chain

00:29:38.400 right here in America

00:29:40.240 from design

00:29:41.580 to equipment

00:29:42.380 to wafer production

00:29:43.600 to fabrication

00:29:44.840 to packaging.

00:29:47.040 In Texas,

00:29:48.060 we're working

00:29:48.480 with manufacturers

00:29:49.340 like Texas Instruments,

00:29:50.940 Global Wafers America,

00:29:52.660 and Applied Materials.

00:29:53.980 We're working

00:29:55.280 with Amcor in Arizona

00:29:56.820 and Broadcom

00:29:57.780 and Global Foundries

00:29:58.780 in New York.

00:30:00.240 Thanks to President Trump's vision

00:30:02.080 and with his help

00:30:03.500 in his first term,

00:30:05.160 we also led the way

00:30:06.300 to bring TSMC

00:30:07.580 to Arizona

00:30:08.440 by committing

00:30:09.620 to be their first

00:30:10.780 and largest customer.

00:30:13.380 Today,

00:30:14.140 they're producing

00:30:14.800 tens of millions

00:30:16.100 of chips for Apple

00:30:17.500 using one of the most

00:30:19.140 advanced process technologies

00:30:20.920 in America today.

00:30:22.920 We're going to

00:30:23.960 keep working

00:30:24.460 with our suppliers

00:30:25.300 to move even more

00:30:26.600 of this incredibly advanced

00:30:28.140 work to America.

00:30:29.840 And this year alone,

00:30:31.460 American manufacturers

00:30:32.880 are on track

00:30:34.360 to make 19 billion chips

00:30:36.760 for Apple

00:30:37.520 in 24 factories

00:30:39.440 across 12 different states.

00:30:42.460 Second,

00:30:43.640 we're committed

00:30:44.280 to buying American-made

00:30:45.920 advanced rare-earth magnets

00:30:48.020 developed by MP Materials,

00:30:50.260 which will become part

00:30:51.600 of Apple's devices

00:30:52.720 shipped around the world.

00:30:55.280 MP is the only fully integrated

00:30:57.700 rare-earth producer

00:30:58.820 in the United States,

00:31:00.440 and with this partnership,

00:31:02.180 they'll be significantly

00:31:03.100 expanding their flagship facility

00:31:05.120 in Fort Worth, Texas.

00:31:06.940 We're also thrilled

00:31:08.200 to work together

00:31:09.080 on a cutting-edge rare-earth

00:31:11.120 recycling line

00:31:12.480 in Mountain Pass, California.

00:31:14.480 And third,

00:31:16.820 in Kentucky,

00:31:17.980 we've worked with our partners

00:31:19.440 at Corning

00:31:20.120 to build the world's largest

00:31:21.540 and most advanced

00:31:22.620 smartphone glass production line.

00:31:25.020 And I'm pleased to announce

00:31:26.260 that very soon,

00:31:28.020 this is for the first time ever,

00:31:30.320 every single new iPhone

00:31:32.300 and every single new Apple Watch

00:31:34.960 sold anywhere in the world

00:31:37.060 will contain cover glass

00:31:39.120 made in Kentucky.

00:31:40.280 In addition to the American

00:31:42.700 manufacturing program,

00:31:44.200 we're also significantly

00:31:45.420 growing our investments

00:31:46.560 in AI,

00:31:48.080 including expanding

00:31:49.140 data center capacity

00:31:50.420 in North Carolina,

00:31:51.940 in Nevada,

00:31:52.800 in Iowa,

00:31:53.580 in Arizona,

00:31:54.520 in Oregon.

00:31:56.000 So we're going to keep

00:31:57.280 making investments

00:31:58.320 right here in America.

00:31:59.760 We're going to keep

00:32:00.660 hiring in America.

00:32:02.160 And we're going to keep

00:32:03.320 building technologies

00:32:04.400 at the heart of our products

00:32:06.220 right here in America,

00:32:07.860 because we're a proud

00:32:09.680 American company

00:32:10.780 and we believe deeply

00:32:12.220 in the promise

00:32:13.100 of this great nation.

00:32:14.840 Thank you all

00:32:15.800 and thank you,

00:32:16.540 President Trump,

00:32:17.400 for pulling

00:32:18.020 or for putting

00:32:18.960 American innovation

00:32:20.200 and American jobs

00:32:21.560 front and center.

00:32:22.680 Thank you, sir.

00:32:23.680 Great honor.

00:32:24.240 Thank you.

00:32:24.900 Thank you.

00:32:26.860 What a job he's done.

00:32:28.940 What a job.

00:32:29.660 Incredible.

00:32:31.020 I want to thank you very much

00:32:32.200 and thank you, J.D.,

00:32:34.020 for helping along.

00:32:35.320 Good job.

00:32:36.040 Really good job.

00:32:36.780 Any questions, please?

00:32:38.940 Mr. President,

00:32:39.320 Mr. President,

00:32:40.020 you promised on the campaign trail

00:32:41.440 to bring forth

00:32:42.200 a manufacturing renaissance.

00:32:44.400 You just mentioned

00:32:45.000 $17 trillion

00:32:46.640 in your first seven months

00:32:48.220 or so.

00:32:48.960 Can you talk about

00:32:49.700 how an investment like this,

00:32:51.380 all the other ones

00:32:52.000 that you laid out,

00:32:52.520 will positively impact

00:32:54.060 the millions of Americans

00:32:55.160 that trusted you

00:32:56.340 with their vote?

00:32:57.040 Thank you very much.

00:32:57.940 It changes our country.

00:33:00.640 I mean,

00:33:00.920 our country is a

00:33:01.880 very different country

00:33:02.900 than it was

00:33:03.560 six months ago.

00:33:05.060 And people like Tim

00:33:08.060 are coming.

00:33:08.620 We had Micron in yesterday.

00:33:10.280 We had all of the big,

00:33:12.260 great companies

00:33:13.200 that you read about,

00:33:14.040 you don't know about,

00:33:14.820 but you read about.

00:33:15.940 Many of them were

00:33:16.840 making products

00:33:18.100 outside of our country.

00:33:19.540 Foolishly,

00:33:20.000 we lost them.

00:33:20.600 If we had the right person

00:33:21.540 sitting in that seat,

00:33:22.460 that would have never happened

00:33:23.400 20 and 30 years ago.

00:33:25.440 When you look at the chip business,

00:33:26.840 it would have never

00:33:27.440 left our shores.

00:33:29.220 We had 100% of chips originally,

00:33:30.960 and then we slowly

00:33:32.420 got taken down

00:33:33.380 to nothing.

00:33:35.400 We have the biggest

00:33:37.540 chip companies,

00:33:38.660 both of them,

00:33:39.360 but we have the biggest

00:33:40.200 in the world coming in.

00:33:41.320 They're going to Arizona

00:33:42.200 and beyond.

00:33:44.280 And we're going to have,

00:33:45.380 in a short period of time,

00:33:46.880 we'll be up to almost

00:33:47.600 50% of the chips

00:33:48.920 from starting in nothing.

00:33:51.240 And that's something.

00:33:52.560 But we have the greatest

00:33:53.240 companies in the world

00:33:54.200 coming into our country.

00:33:55.580 And that means jobs.

00:33:56.920 And it means wealth.

00:33:58.000 And wealth means security

00:33:59.120 for our people.

00:34:00.060 Okay?

00:34:00.660 Brian?

00:34:01.500 Yes, sir.

00:34:02.340 Congratulations on this

00:34:03.200 investment from President Trump

00:34:05.360 in the Trump.

00:34:06.200 A great example

00:34:08.680 of putting America first.

00:34:09.960 What does the labor force

00:34:11.040 look like to fill

00:34:12.160 these jobs that you have?

00:34:13.360 Do we have enough

00:34:14.080 skilled American workers

00:34:15.800 to fill this?

00:34:16.880 Well, we do have

00:34:17.600 a lot of workers,

00:34:18.500 and we have a lot of workers

00:34:19.420 that hadn't been looking

00:34:20.300 for work because they were

00:34:21.680 disincentivized, frankly.

00:34:24.480 And people like Tim

00:34:26.520 have tremendous schools

00:34:27.940 and training centers

00:34:28.840 that they build,

00:34:29.600 along with a lot

00:34:30.220 of their big plants

00:34:31.020 where they train people

00:34:31.960 on whether it's glass,

00:34:34.880 like in Kentucky,

00:34:35.900 or computers,

00:34:37.100 or whatever they might be doing.

00:34:39.320 It's a complex world,

00:34:40.500 and they train people,

00:34:41.340 and they do a great job.

00:34:42.580 So it's a whole new workforce.

00:34:46.220 Now, we have a lot of them

00:34:47.380 in energy because, you know,

00:34:48.940 they've always liked energy.

00:34:50.840 As you know,

00:34:51.580 coal has opened up

00:34:52.660 and opened up big.

00:34:53.980 We brought it back

00:34:54.880 and brought it back

00:34:56.360 in a very large way.

00:34:57.500 You know, China's right now

00:34:58.600 building 58 coal-fired plants,

00:35:00.780 58 big ones.

00:35:02.320 And here we were saying,

00:35:03.760 we don't take coal.

00:35:04.580 We have more coal

00:35:05.200 than anybody else in the world.

00:35:06.540 We have more oil and gas

00:35:07.580 than anybody else in the world.

00:35:09.840 But we have tremendous energy jobs,

00:35:12.240 and the energy, as you know,

00:35:13.640 we're booming with energy.

00:35:15.440 And that's why

00:35:16.060 the gasoline prices are down.

00:35:17.600 The costs are down.

00:35:18.360 I just hope

00:35:19.280 when they watch these shows,

00:35:20.980 I watch this.

00:35:21.700 I won't use names

00:35:23.320 because I just make them

00:35:24.260 better known

00:35:25.260 that nobody knows

00:35:26.060 who they are.

00:35:26.960 But I watch this group

00:35:28.020 of people on CNN

00:35:30.040 and MSDNC, too,

00:35:31.700 the same thing,

00:35:32.740 where they say,

00:35:33.640 well, costs have gone up.

00:35:35.460 Costs haven't gone up.

00:35:36.300 They've gone down.

00:35:37.860 I'm telling you,

00:35:38.520 the thing that's gone up

00:35:39.440 is stock,

00:35:40.080 stock prices

00:35:40.840 and success

00:35:42.660 of our country.

00:35:43.640 Our country is really,

00:35:44.940 really doing well.

00:35:47.180 Successful.

00:35:47.760 Yes, ma'am?

00:35:48.560 Yes, Mr. President.

00:35:49.500 Have Putin and Zelensky

00:35:50.740 agreed to a summit yet?

00:35:52.640 And where and when

00:35:53.520 would that be?

00:35:54.200 Well, there's a

00:35:55.140 very good prospect

00:35:56.680 that they will.

00:35:58.260 And we haven't determined where,

00:35:59.920 but we had some very good talks

00:36:01.300 with President Putin today.

00:36:03.520 And there's a very good chance

00:36:05.380 that we could be ending the,

00:36:07.860 ending the round,

00:36:09.140 ending the end of that road,

00:36:10.520 that road was long

00:36:13.200 and continues to be long.

00:36:14.620 But there's a good chance

00:36:16.100 that there will be

00:36:16.780 a meeting very soon.

00:36:17.980 How close do you think

00:36:18.240 you are to a deal?

00:36:19.380 Excuse me?

00:36:19.940 How close do you think

00:36:20.680 you are to some kind of deal?

00:36:21.660 Well, look,

00:36:22.360 I don't want to say.

00:36:23.300 I've been disappointed

00:36:24.380 before with this one.

00:36:26.380 You know,

00:36:26.560 we've solved five wars

00:36:28.340 plus add to that Iran

00:36:31.300 where we wiped out

00:36:32.220 their nuclear capacity

00:36:33.960 for weapons.

00:36:34.960 They would have had a weapon

00:36:35.820 within two months,

00:36:36.860 maybe less.

00:36:38.100 And that was totally obliterated.

00:36:39.920 It turned out

00:36:40.520 it was a total obliteration.

00:36:43.700 And the pilots

00:36:45.240 and the people

00:36:45.900 that did that job

00:36:46.780 are really,

00:36:47.460 we have the greatest,

00:36:48.780 we have the greatest

00:36:49.500 armed forces in the world.

00:36:51.040 But that was really something.

00:36:52.820 In fact,

00:36:53.140 there's a model

00:36:54.560 of the plane right there.

00:36:55.860 So, you know,

00:36:56.600 you got to bring that up,

00:36:57.720 Susie.

00:36:58.080 We have to see that.

00:36:59.700 Look at this.

00:37:00.400 This was just given to me.

00:37:01.660 You know,

00:37:03.800 we ordered

00:37:04.260 brand new B-2 bombers.

00:37:08.880 This is a plane

00:37:10.060 that over a period

00:37:12.740 of 36 hours

00:37:14.000 of constant flying,

00:37:16.040 look at this.

00:37:16.660 This is the brand new one

00:37:17.900 they just ordered.

00:37:18.760 Similar,

00:37:19.180 but actually quite different.

00:37:21.000 It's new and enhanced.

00:37:23.540 It's an amazing machine.

00:37:25.160 It went 36 hours.

00:37:27.540 We had 52 tankers

00:37:29.280 up in the air

00:37:30.000 loading up our planes

00:37:31.660 because this was surrounded

00:37:32.720 by F-22s and F-35s.

00:37:35.640 And it was flawless, Tim.

00:37:37.180 Even you would say

00:37:37.920 it was flawless.

00:37:39.180 And every one of those bombs

00:37:40.800 hit their target.

00:37:42.440 And then we had tomahawks

00:37:43.820 shot in from a submarine

00:37:45.840 300 miles away.

00:37:48.000 And they hit

00:37:49.220 every single tomahawk

00:37:50.500 hit its target.

00:37:51.340 It was amazing.

00:37:52.900 And that was a big threat.

00:37:54.880 That was a nuclear threat

00:37:56.720 and here's the new one

00:37:58.520 that we just ordered

00:37:59.480 a large number of them.

00:38:02.260 I'll put it in there.

00:38:02.640 Mr. President,

00:38:03.540 Mr. President,

00:38:04.440 Mr. President,

00:38:05.040 what was the breakthrough today?

00:38:09.060 Did Vladimir Putin

00:38:10.060 make some kind of concession

00:38:11.400 that he hasn't been

00:38:12.140 willing to make before?

00:38:13.500 I don't call it a breakthrough.

00:38:14.900 I mean,

00:38:15.040 we've been working

00:38:15.600 on this a long time.

00:38:16.800 There are thousands

00:38:17.940 of young people dying,

00:38:19.860 mostly soldiers,

00:38:20.740 but also, you know,

00:38:21.580 missiles being hit

00:38:22.420 into Kiev and other places.

00:38:24.880 But in terms of soldiers,

00:38:26.820 I think Russia's lost

00:38:27.680 over 20,000

00:38:28.720 since the beginning

00:38:29.580 of the year,

00:38:29.980 20,000.

00:38:31.460 And I guess

00:38:33.820 the estimate for Ukraine

00:38:34.840 is about 9,000.

00:38:36.260 It's a terrible,

00:38:38.000 it's a terrible situation.

00:38:39.400 We want to get it stopped.

00:38:40.400 You know,

00:38:40.960 we don't have

00:38:41.420 American soldiers there,

00:38:43.140 but I feel

00:38:44.020 I have an obligation

00:38:44.880 to get it stopped.

00:38:45.800 This was not my war.

00:38:46.820 This war would have

00:38:47.460 never started,

00:38:48.320 not even a chance.

00:38:49.300 And it didn't start

00:38:50.160 for four years.

00:38:51.680 It went four years

00:38:52.560 and it didn't start.

00:38:54.200 But this is Biden's war.

00:38:56.280 This was on his watch.

00:38:59.980 And, you know,

00:39:00.400 it's funny.

00:39:00.960 We had no land

00:39:02.360 was taken from Trump.

00:39:03.600 It was taken from Bush.

00:39:04.660 It was taken from Biden.

00:39:06.720 The whole thing

00:39:07.380 they would take from Biden

00:39:08.660 weren't for us.

00:39:10.580 But it was

00:39:11.080 and it was taken by Obama.

00:39:13.980 Take a look

00:39:14.540 at what was taken

00:39:15.400 with all of the land

00:39:17.180 that was taken.

00:39:18.220 Nothing was taken

00:39:19.000 by Russia from us.

00:39:20.220 Not one ounce

00:39:21.420 of land was taken.

00:39:22.960 I'm here to get

00:39:24.000 the thing over with.

00:39:25.520 It would have never started

00:39:26.640 if I were president.

00:39:27.860 And we're here

00:39:28.920 to get it stopped

00:39:29.780 and get the death stopped.

00:39:31.480 Yeah, please.

00:39:32.020 Mr. President,

00:39:32.640 in the past,

00:39:33.260 you said you would know

00:39:34.640 if Putin was

00:39:35.860 happening along.

00:39:37.120 What is he's

00:39:37.580 too many confidence

00:39:38.320 that he is

00:39:39.500 or isn't doing that

00:39:40.280 this time around?

00:39:40.980 Can't answer

00:39:41.480 the question yet.

00:39:42.380 I'll tell you

00:39:43.060 in a matter of weeks,

00:39:44.600 maybe less.

00:39:45.740 But we've made

00:39:46.560 a lot of progress.

00:39:47.260 And as you know,

00:39:48.040 we put a 50 percent

00:39:49.140 tariff on India

00:39:50.180 on oil.

00:39:51.400 They're the second largest.

00:39:52.560 They're very close

00:39:53.220 to China

00:39:53.680 in terms of

00:39:54.260 the purchase of oil

00:39:55.220 from Russia.

00:39:57.960 So I don't know

00:39:58.780 if that had anything

00:39:59.680 to do with it.

00:40:00.400 But we've had

00:40:00.860 very productive talks

00:40:01.960 today.

00:40:02.340 Yes, ma'am?

00:40:02.800 President Trump,

00:40:03.340 I'm federalizing D.C.

00:40:04.760 Are you considering

00:40:05.820 taking over

00:40:06.560 the D.C. police?

00:40:07.580 Is that an option

00:40:08.240 on the table?

00:40:08.720 We're considering it,

00:40:09.740 yeah,

00:40:10.040 because the crime

00:40:11.180 is ridiculous.

00:40:13.480 I could show you

00:40:14.440 a chart

00:40:14.940 comparing D.C.

00:40:16.080 to other locations

00:40:17.040 and you're not

00:40:17.620 going to want to see

00:40:18.220 what it looks like.

00:40:19.760 It was just up

00:40:20.780 on television,

00:40:21.540 actually,

00:40:21.900 that we're showing it.

00:40:23.180 Now,

00:40:23.460 we want to have

00:40:24.020 a great,

00:40:24.600 safe capital,

00:40:26.300 and we're going

00:40:26.880 to have it.

00:40:27.320 And that includes

00:40:28.040 cleanliness

00:40:28.600 and it includes

00:40:29.360 other things.

00:40:30.040 We have a capital

00:40:31.920 that's very unsafe.

00:40:33.020 You know,

00:40:33.180 we just almost

00:40:33.960 lost a young man,

00:40:35.480 beautiful,

00:40:36.320 handsome guy

00:40:37.000 that got the hell

00:40:38.540 knocked out of him

00:40:39.320 the night before last.

00:40:41.180 and I'm going

00:40:44.580 to call him now.

00:40:45.580 We wanted to give him

00:40:46.360 a little recovery time.

00:40:48.320 We just put a call

00:40:49.320 into him.

00:40:49.740 They're calling back

00:40:50.360 in a little while,

00:40:51.020 but he went through

00:40:52.120 a bad situation,

00:40:55.500 to put it mildly,

00:40:56.860 and there's too much

00:40:57.920 of it.

00:40:58.300 We're going to do

00:40:59.680 something about it.

00:41:00.720 So whether you call

00:41:02.300 it federalized

00:41:03.140 or what,

00:41:03.480 and that also includes

00:41:04.560 the graffiti

00:41:05.960 that you see,

00:41:06.900 the papers all over

00:41:07.900 the place,

00:41:08.480 the roads that are

00:41:09.200 in bad shape,

00:41:10.280 the medians that

00:41:11.220 are falling down,

00:41:12.120 the median in between

00:41:13.000 roads that's falling down.

00:41:14.980 We're going to beautify

00:41:15.980 the city.

00:41:16.540 We're going to make

00:41:16.920 it beautiful.

00:41:18.480 And what a shame.

00:41:21.840 The rate of crime,

00:41:22.900 the rate of muggings,

00:41:24.080 killings,

00:41:24.520 and everything else,

00:41:25.340 we're not going to let it.

00:41:26.800 And that includes

00:41:27.560 bringing in the National Guard,

00:41:29.020 maybe very quickly, too.

00:41:30.360 And do you want Congress

00:41:31.880 to look at overturning

00:41:33.100 the D.C. home rule act?

00:41:35.480 We're going to look at that.

00:41:36.440 In fact,

00:41:36.740 the lawyers are already

00:41:37.900 studying it.

00:41:39.140 We have to run D.C.

00:41:40.520 This has to be

00:41:41.400 the best-run place

00:41:43.060 in the country,

00:41:43.920 not the worst-run place

00:41:45.120 in the country.

00:41:46.280 And it has so much potential.

00:41:48.580 And we're going to

00:41:49.340 take care of it.

00:41:50.060 You're going to be safe.

00:41:51.560 You're going to be safe

00:41:52.460 walking down the streets.

00:41:53.760 You're not going to get mugged.

00:41:54.960 Mr. President,

00:41:55.840 if you do reach a deal

00:41:56.980 with Ukraine and Russia,

00:41:58.460 would you drop

00:41:59.140 the additional tariffs

00:42:00.180 on India?

00:42:01.100 Well, we'll determine

00:42:01.880 that later.

00:42:02.580 But right now,

00:42:03.320 they're paying

00:42:03.920 a 50% tariff.

00:42:05.520 Okay?

00:42:05.640 One for Mr. Cook

00:42:09.380 as well.

00:42:09.960 Yeah, please.

00:42:10.820 Sure.

00:42:11.700 The President wants

00:42:12.800 a made-in-the-USA iPhone.

00:42:15.280 What are the chances

00:42:16.080 that you can actually

00:42:16.880 make that happen?

00:42:18.200 Well, if you look

00:42:18.860 at the bulk of it,

00:42:20.060 we're doing a lot

00:42:21.520 of the semiconductors here.

00:42:23.280 We're doing the glass here.

00:42:24.920 We're doing the face ID

00:42:26.180 module here.

00:42:27.060 So there's a ton of it.

00:42:28.620 And we're doing these

00:42:30.140 for products sold

00:42:31.620 elsewhere in the world.

00:42:33.840 And so there's a lot

00:42:34.620 of content in there

00:42:35.520 from the United States.

00:42:36.660 But what about the whole thing?

00:42:37.600 We're very proud of it.

00:42:38.800 Can you make the whole thing?

00:42:40.080 The whole thing is just

00:42:40.560 the final assembly

00:42:42.520 that you're focused on.

00:42:43.920 And that will be

00:42:46.080 elsewhere for a while.

00:42:47.960 He makes many

00:42:48.980 of the components here.

00:42:50.620 And we've been

00:42:51.380 talking about it.

00:42:52.420 And the whole thing

00:42:53.740 is set up

00:42:54.340 at other places.

00:42:55.020 And it's been there

00:42:55.740 for a long time.

00:42:56.820 So in terms of cost

00:42:58.200 and all.

00:42:58.520 But I think we may

00:43:00.400 incentivize him enough

00:43:01.580 that one day

00:43:02.380 he'll be bringing that.

00:43:03.800 But he brings

00:43:04.280 most of the stuff.

00:43:05.120 Look, he's not making

00:43:06.700 this kind of an investment

00:43:07.760 anywhere in the world.

00:43:08.760 Not even close.

00:43:09.980 He's coming back.

00:43:10.780 I mean, Apple's

00:43:11.360 coming back to America.

00:43:13.120 Thank you.

00:43:13.560 Mr. President,

00:43:14.880 Mr. President,

00:43:15.640 Indian officials

00:43:16.380 Indian officials

00:43:17.360 Let me go.

00:43:18.660 Indian officials

00:43:19.320 have said that

00:43:20.300 there are other countries

00:43:21.460 that are buying

00:43:22.140 Russian oil.

00:43:23.000 It's OK.

00:43:23.480 Like China, for instance.

00:43:24.500 It's OK.

00:43:25.520 Why are you singling

00:43:26.820 India out

00:43:27.620 for these additional sanctions?

00:43:28.840 It's only been

00:43:29.340 eight hours.

00:43:31.440 So let's see

00:43:31.920 what happens

00:43:32.380 over the next

00:43:33.000 Yeah.

00:43:34.080 You're going to see

00:43:34.720 a lot more.

00:43:35.360 So this is a taste

00:43:36.160 You're going to see

00:43:36.820 a lot more.

00:43:37.480 You're going to see

00:43:38.000 so much secondary sanctions.

00:43:40.360 Yes, ma'am.

00:43:40.780 Sir, you were

00:43:41.620 the driving force

00:43:42.340 behind Operation Warp Speed,

00:43:44.660 these mRNA vaccines

00:43:46.080 that are the gold standard.

00:43:47.920 Right.

00:43:48.060 Now your health secretary

00:43:49.400 is pulling back

00:43:50.820 all the funding

00:43:51.460 for research.

00:43:52.380 He's saying

00:43:52.960 that the risks

00:43:54.320 outweigh the benefits,

00:43:55.460 which puts him at odds

00:43:56.380 with the entire

00:43:57.280 medical community

00:43:58.280 and with you.

00:43:59.260 What is going on?

00:44:00.220 Research on what?

00:44:01.480 Into mRNA vaccines.

00:44:02.700 Well, we're going

00:44:03.060 to look at that.

00:44:03.740 We're talking about it

00:44:04.720 and they're doing

00:44:05.300 a very good job.

00:44:06.460 And, you know,

00:44:06.820 that is a past.

00:44:08.920 With Operation Warp Speed,

00:44:11.060 was whether

00:44:12.180 you're Republican

00:44:12.920 or Democrat,

00:44:13.740 considered one

00:44:14.340 of the most incredible

00:44:15.380 things ever done

00:44:16.540 in this country.

00:44:17.800 The efficiency,

00:44:19.140 the way it was done,

00:44:21.900 the distribution,

00:44:23.160 everything about it

00:44:24.080 has been amazing.

00:44:25.900 But, you know,

00:44:27.600 that was now

00:44:29.020 a long time ago

00:44:29.900 and we're on

00:44:31.380 to other things.

00:44:32.100 But we are speaking

00:44:33.180 about it.

00:44:33.640 We have meetings

00:44:34.140 about it tomorrow,

00:44:36.060 actually, tomorrow

00:44:36.700 at 12 o'clock

00:44:37.460 and we'll determine.

00:44:39.120 We're looking

00:44:39.780 for other answers

00:44:40.840 to other problems,

00:44:42.500 to other sicknesses

00:44:43.560 and diseases.

00:44:44.820 And I think

00:44:45.580 we're doing really well.

00:44:46.520 Yes, ma'am, please.

00:44:47.040 Thank you, Mr. President.

00:44:48.440 You said many times

00:44:49.580 that you want

00:44:50.200 to stop wars

00:44:51.040 in the Middle East.

00:44:52.360 Now, Prime Minister Netanyahu

00:44:53.820 is contemplating

00:44:54.780 reoccupying Gaza entirely.

00:44:56.880 Is he defining you, sir,

00:44:58.180 or are you giving him

00:44:58.940 a green light?

00:44:59.700 Well, we have stopped wars

00:45:00.980 in the Middle East.

00:45:01.700 By stopping Iran

00:45:02.940 from having a nuclear weapon

00:45:04.860 and they are,

00:45:06.000 they're, you know,

00:45:07.600 they can say

00:45:08.340 they're going to start

00:45:09.220 all over again,

00:45:10.100 but that's a very dangerous

00:45:11.540 thing for them to do

00:45:12.800 because we'll be back

00:45:13.680 as soon as they start.

00:45:14.820 We'll be back.

00:45:16.120 And I think

00:45:16.720 they understand that.

00:45:17.740 They're just words.

00:45:19.180 But, no,

00:45:20.720 we've stopped

00:45:21.200 a lot of wars

00:45:22.320 in the Middle East.

00:45:23.000 If you think about

00:45:23.620 what we did with Iran,

00:45:24.740 Iran was the perpetrator

00:45:27.020 of hate,

00:45:28.020 a very evil place,

00:45:29.300 and I think

00:45:29.960 it's going to be

00:45:30.620 a lot different

00:45:31.320 in the coming years.

00:45:32.940 Mr. President,

00:45:33.780 on the India penalties,

00:45:37.160 do you have any

00:45:37.840 similar plans

00:45:38.740 to enact more tariffs

00:45:40.600 on China

00:45:41.240 as it relates

00:45:42.040 to their purchase?

00:45:42.800 Could happen.

00:45:43.460 Depends on how we do.

00:45:44.660 Could happen.

00:45:45.040 Mr. President,

00:45:45.900 I've got an

00:45:46.900 entertainment-based

00:45:47.760 question for you.

00:45:48.600 A few weeks ago,

00:45:49.300 Stephen Colbert announced

00:45:50.480 that he was leaving

00:45:51.180 his show.

00:45:52.380 Howard Stern

00:45:53.320 announced that he

00:45:54.980 and Sirius XM radio

00:45:56.500 are parting ways.

00:45:58.260 Do you think

00:45:58.960 the hate-Trump

00:46:00.000 business model

00:46:01.040 that's been

00:46:01.600 in the entertainment

00:46:02.420 business

00:46:03.120 is going out

00:46:04.400 of business

00:46:04.900 because it's not

00:46:05.820 popular with the

00:46:06.800 American people?

00:46:07.560 Well, it hasn't worked,

00:46:08.560 and it hasn't worked

00:46:09.400 really for a long time,

00:46:10.640 and I would say

00:46:11.300 pretty much

00:46:11.820 from the beginning.

00:46:13.120 Colbert has no talent.

00:46:14.540 I mean,

00:46:14.760 I could take anybody here.

00:46:16.100 I could go outside

00:46:16.940 on the beautiful streets

00:46:18.100 and pick a couple

00:46:19.700 of people that do

00:46:20.440 just as well or better.

00:46:21.540 They get higher ratings

00:46:22.500 than he did.

00:46:23.020 He's got no talent.

00:46:24.460 Fallon has no talent.

00:46:25.760 Kimmel has no talent.

00:46:27.100 They're next.

00:46:27.660 They're going to be going.

00:46:28.380 I hear they're going

00:46:28.940 to be going.

00:46:29.860 I don't know,

00:46:30.420 but I would imagine

00:46:31.100 because they'd get,

00:46:32.480 you know,

00:46:32.920 Colbert has better ratings

00:46:34.340 than Kimmel or Fallon.

00:46:35.540 You know that.

00:46:37.140 Howard Stern,

00:46:37.800 it's a name

00:46:38.260 I haven't heard.

00:46:38.880 I used to do a show,

00:46:39.920 used to have fun,

00:46:40.720 but I haven't heard

00:46:41.700 that name in a long time.

00:46:42.740 What happened?

00:46:43.120 He got terminated?

00:46:44.180 Yeah,

00:46:44.500 they're going to separate ways

00:46:45.600 because I think

00:46:46.240 what they're offering

00:46:46.860 salary-wise

00:46:47.860 is real low

00:46:48.820 than what he's getting.

00:46:49.420 You know when he went down?

00:46:51.260 Whenever you want.

00:46:52.800 You know when he went down?

00:46:53.800 No, before.

00:46:54.860 When he endorsed

00:46:55.500 Hillary Clinton.

00:46:56.440 He lost his audience.

00:46:58.380 People said,

00:46:58.940 give me a break.

00:47:00.040 He went down

00:47:00.760 when he endorsed

00:47:01.420 Hillary Clinton.

00:47:03.020 Mr. President,

00:47:03.860 have you talked

00:47:04.300 about your promo?

00:47:04.980 Have you started

00:47:05.180 interviewing Fed candidates yet?

00:47:07.500 Yeah,

00:47:07.780 we've started

00:47:08.380 the interviewing process.

00:47:11.120 Scott and I

00:47:12.740 and Howard,

00:47:13.540 a lot of people,

00:47:14.560 J.D.,

00:47:14.940 we're all,

00:47:16.080 we have some

00:47:16.620 great candidates.

00:47:18.060 It's probably

00:47:18.660 down to three.

00:47:20.560 He doesn't want the job.

00:47:22.580 He said,

00:47:23.080 I like,

00:47:23.400 do you like this job better?

00:47:24.680 Yes, sir.

00:47:25.480 I mean,

00:47:25.880 he was a candidate,

00:47:27.520 but I don't think

00:47:29.200 he'll take it.

00:47:29.840 I don't,

00:47:30.820 I really don't think

00:47:31.880 he'd take it,

00:47:32.440 actually.

00:47:32.640 Are there any candidates

00:47:33.100 from Wall Street,

00:47:34.020 Mr. President?

00:47:35.080 Yeah.

00:47:35.960 Essentially,

00:47:36.540 we're all from

00:47:37.080 Wall Street,

00:47:37.580 aren't we?

00:47:38.200 You know when you

00:47:38.640 get right down to it?

00:47:39.840 The term Wall Street.

00:47:40.800 Yeah, please.

00:47:41.420 Yep.

00:47:41.820 Major tax cuts permanent.

00:47:43.580 You mentioned

00:47:43.960 that the tariffs

00:47:44.500 are bringing in

00:47:45.140 a ton of external revenue.

00:47:47.100 You've opened up markets,

00:47:48.300 the EU,

00:47:48.840 Japan,

00:47:49.280 South Korea,

00:47:49.820 many others.

00:47:51.200 American goods

00:47:51.960 that we've never seen before.

00:47:53.260 How much growth

00:47:54.360 can we expect

00:47:55.440 in the economy

00:47:56.000 now that this model

00:47:57.160 of yours

00:47:57.580 is sort of

00:47:58.140 beginning to really take off?

00:47:59.620 Well,

00:47:59.920 I think the growth

00:48:00.580 is going to be unprecedented.

00:48:02.540 I think we're going to have growth

00:48:03.520 that's unbelievable.

00:48:04.680 Now,

00:48:04.840 remember,

00:48:05.280 we're building

00:48:05.740 and just starting to build

00:48:06.920 a lot of these

00:48:07.640 incredible plants.

00:48:09.180 We talked about

00:48:10.120 the electric facilities

00:48:11.460 that we're building,

00:48:12.660 the generating plants,

00:48:14.740 electric generating plants

00:48:15.940 are massive

00:48:16.620 and they're going to be great

00:48:18.340 and they're going to sell

00:48:19.060 excess electricity

00:48:20.140 into our grid.

00:48:21.340 So we're going to be having

00:48:22.380 much more electricity

00:48:23.480 than we ever had

00:48:24.360 and those plants

00:48:25.000 are going to be taken care

00:48:25.980 of individually.

00:48:27.280 I know Tim is building

00:48:28.360 one in one of his big factories,

00:48:30.540 but especially for AI

00:48:32.100 because it needs

00:48:32.780 so much electricity.

00:48:34.060 So I appreciate

00:48:35.560 the question very much

00:48:36.700 and I think the growth

00:48:38.040 is going to be

00:48:39.180 unprecedented.

00:48:40.620 I haven't.

00:48:46.120 No, I haven't.

00:48:46.920 Mr. President,

00:48:47.560 have you been briefed

00:48:48.520 on what Ghislaine Maxwell

00:48:49.780 told Todd Blanche?

00:48:51.340 No, I haven't.

00:48:52.520 I have not.

00:48:53.760 I don't know.

00:48:54.520 I know Todd is a very

00:48:55.480 respected person

00:48:56.460 all over the country

00:48:57.620 and all over the world

00:48:58.800 legally.

00:48:59.360 So I don't know.

00:49:01.120 Yeah, please go ahead.

00:49:06.000 We're probably going to go

00:49:07.540 with a temp

00:49:08.200 and then a permanent,

00:49:09.340 I think.

00:49:09.680 So the temp

00:49:12.040 is going to be

00:49:13.280 named, I'd say,

00:49:14.460 over the next two,

00:49:15.220 three days

00:49:15.760 and then we're

00:49:16.360 going to go permanent.

00:49:17.220 Are the two Kevins

00:49:17.980 the leading contenders

00:49:18.860 for the permanent spot

00:49:20.060 for the chair?

00:49:21.520 Well, the two Kevins?

00:49:23.180 The two Kevins

00:49:24.000 are absolutely, yeah.

00:49:25.440 They're both very good.

00:49:26.860 Mr. President.

00:49:27.540 The two Kevins

00:49:28.320 is very good.

00:49:28.900 Mr. President,

00:49:29.400 is Vice President Vance

00:49:30.540 hosting a gathering

00:49:31.840 this evening

00:49:32.260 to talk about

00:49:32.760 how to respond

00:49:33.280 to the obscene situation?

00:49:35.000 Is he working on what?

00:49:36.120 Is he hosting

00:49:36.700 some kind of gathering

00:49:37.580 of top advisors

00:49:38.540 this evening?

00:49:39.180 To talk about

00:49:40.220 how to respond

00:49:41.080 to the obscene situation?

00:49:42.420 I don't know.

00:49:43.020 I could ask you that question.

00:49:45.060 I don't know of it,

00:49:46.240 but I think,

00:49:47.360 here's the man right here.

00:49:48.980 I saw a reporter today

00:49:50.200 and it's completely fake news.

00:49:52.580 We're not meaning

00:49:53.180 to talk about

00:49:53.820 the obscene situation.

00:49:55.660 And I think the reporter

00:49:56.940 who reported it

00:49:57.720 needs to get better sources.

00:49:59.780 Look,

00:50:00.280 the whole thing

00:50:00.840 is a hoax.

00:50:01.680 It's put out

00:50:02.480 by the Democrats

00:50:03.260 because we've had

00:50:04.220 the most successful

00:50:05.240 six months

00:50:05.960 in the history

00:50:06.780 of our country.

00:50:08.260 And that's just

00:50:08.880 a way of trying

00:50:09.860 to divert attention

00:50:11.000 to something

00:50:12.040 that's total bullshit.

00:50:13.940 Okay?

00:50:15.240 Yeah, please.

00:50:16.180 A new Gallup poll

00:50:17.280 says that

00:50:18.180 Elon Musk

00:50:18.900 is the most unpopular

00:50:20.380 public figure

00:50:21.240 in the country

00:50:21.800 right now.

00:50:22.860 I'm wondering,

00:50:24.020 do you miss having him

00:50:24.920 around the White House

00:50:25.720 or is that poll accurate?

00:50:27.860 I don't know

00:50:28.560 that poll's accurate.

00:50:29.500 I think he's a good person.

00:50:30.700 I think he had a bad moment,

00:50:32.000 really bad moment.

00:50:33.840 But he's a good person.

00:50:35.700 I believe that.

00:50:36.860 President Trump,

00:50:37.460 are you keeping

00:50:38.000 that 10-12 day deadline?

00:50:39.900 China facing potential

00:50:41.180 secondary sanctions

00:50:42.100 for the Russian oil.

00:50:44.240 Them having that tariff

00:50:45.680 or sanction rather

00:50:46.380 or not hinges on

00:50:47.400 what going forward?

00:50:48.180 It may happen.

00:50:49.040 I mean, I don't know.

00:50:49.840 I can't tell you yet,

00:50:50.840 but I can't.

00:50:51.400 We did it with,

00:50:52.420 we did it with India.

00:50:54.400 We're doing it probably

00:50:55.520 with a couple of others.

00:50:57.160 One of them

00:50:57.660 could be China.

00:50:58.460 Yes.

00:50:58.780 Are you keeping

00:50:59.500 that 10-12 day deadline

00:51:01.400 that you had given Russia

00:51:02.340 after today's talks?

00:51:03.700 Yeah, we're pretty much

00:51:04.520 getting close to it

00:51:05.420 right now.

00:51:05.960 But we're having

00:51:06.460 very serious talks

00:51:07.440 right now

00:51:07.880 about getting out

00:51:09.100 of Ukraine,

00:51:10.620 getting it settled,

00:51:12.000 getting it ended.

00:51:12.860 Should have never started,

00:51:13.900 would have never started.

00:51:15.460 If I were president,

00:51:16.500 it would have never started.

00:51:18.040 I want to thank

00:51:18.840 Tim Cook.

00:51:19.540 He's a great,

00:51:20.580 great man,

00:51:21.680 a visionary,

00:51:22.400 a businessman,

00:51:23.300 just about every quality

00:51:24.440 you can have

00:51:24.900 other than athleticism.

00:51:26.240 I don't know.

00:51:27.360 I'm looking at him.

00:51:28.460 I'm not 100% sure about it.

00:51:30.760 Are you a good athlete?

00:51:31.520 I'll bet you're pretty good.

00:51:33.000 I think he's good

00:51:33.580 at everything,

00:51:34.280 but I want to thank you

00:51:35.000 very much, Tim.

00:51:36.300 Congratulations.

00:51:37.500 Thank you all very much.

00:51:38.680 Thank you.

00:51:39.240 Thank you, Chris.

00:51:40.400 Thanks, guys.

00:51:41.460 This July,

00:51:42.340 there is a global summit

00:51:43.320 of BRICS nations

00:51:44.500 in Rio de Janeiro.

00:51:46.180 The block of emerging

00:51:47.140 superpowers,

00:51:48.460 including China,

00:51:49.440 Russia,

00:51:49.880 India,

00:51:50.540 and Persia,

00:51:51.820 are meeting

00:51:52.280 with the goal

00:51:53.040 of displacing

00:51:53.900 the United States dollar

00:51:55.280 as the global currency.

00:51:57.100 They're calling this

00:51:58.280 the Rio Reset.

00:52:00.040 As BRICS nations

00:52:01.140 push forward

00:52:01.780 with their plans,

00:52:02.620 global demand

00:52:03.240 for U.S. dollars

00:52:04.000 will decrease,

00:52:05.120 bringing down

00:52:05.640 the value of the dollar

00:52:06.660 in your savings.

00:52:08.360 While this transition

00:52:09.340 won't not happen overnight,

00:52:11.980 but trust me,

00:52:12.740 it's going to start

00:52:13.640 in Rio.

00:52:14.800 The Rio Reset

00:52:15.840 in July

00:52:16.440 marks a pivotal moment

00:52:17.720 when BRICS objectives

00:52:19.220 move decisively

00:52:20.240 from a theoretical possibility

00:52:22.280 towards

00:52:22.980 an inevitable reality.

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00:55:37.580 Do it today.

00:55:38.060 There you go.

00:55:39.680 I can start right here.

00:55:40.440 Cut it out.

00:55:41.180 Thank you, guys.

00:55:42.300 Thank you, everybody.

00:55:43.840 Thank you, press.

00:55:44.800 Thank you, guys.

00:55:45.520 Thank you.

00:55:46.660 Thank you.

00:55:47.360 Thank you.

00:55:47.900 Thank you.

00:55:48.280 Right behind you.

00:55:50.800 Thank you, guys.

00:55:51.400 Welcome back to the war room.

00:56:01.860 Just a wonderful press conference

00:56:03.600 and press gaggle.

00:56:04.460 President Trump,

00:56:05.220 Tim Cook,

00:56:05.800 Vice President J.D. Vance,

00:56:07.220 I think Lutnik was there.

00:56:08.260 You got the whole team.

00:56:09.820 We've got a few minutes

00:56:11.140 left in the show,

00:56:12.140 so I want to plug

00:56:13.480 some exclusive stories

00:56:15.180 that I've been working on.

00:56:16.400 Stephen and I were supposed

00:56:16.900 to get to them today,

00:56:18.020 but it's all good.

00:56:19.280 exposed how Americans

00:56:21.500 are secretly helping China

00:56:23.020 take over United States land.

00:56:27.100 You can go to

00:56:28.380 nataliegwinters.substack.com

00:56:30.460 to read the report,

00:56:32.380 but we're digging into

00:56:33.380 a Chinese Communist Party-funded group

00:56:36.380 that is targeting

00:56:37.580 American farmers,

00:56:39.500 congressmen, mayors,

00:56:40.620 local-level agricultural officials.

00:56:43.240 I was able to obtain,

00:56:44.520 essentially, their pitch deck.

00:56:46.360 It's called

00:56:46.940 Why China Matters to the Heartland,

00:56:49.280 and they're pitching officials

00:56:50.780 from every state

00:56:51.800 that they identify

00:56:52.660 as part of the Heartland region,

00:56:54.560 trying to get them on board

00:56:56.280 with accepting Chinese investment

00:56:58.020 and ownership of farmland.

00:57:00.820 There's some stunning statistics

00:57:02.300 in there talking about

00:57:03.820 how they're even doing this

00:57:04.720 through academia.

00:57:06.460 In 2023 alone,

00:57:08.120 Tennessee and Kentucky

00:57:09.020 experienced a 27%

00:57:10.680 and 54% increase

00:57:12.540 in Chinese student enrollment,

00:57:14.640 respectively.

00:57:15.380 Those are pretty staggering figures.

00:57:17.280 figures.

00:57:18.660 And what's even more concerning

00:57:19.620 is that the same group,

00:57:20.780 like I said,

00:57:21.320 it's part of China's

00:57:22.200 United Front Work Department,

00:57:23.480 so that's their foreign infiltration arm.

00:57:25.540 They've actually been paying

00:57:27.000 to take American college students,

00:57:29.560 most recently,

00:57:30.840 it was 15 students

00:57:31.940 from 15 different universities,

00:57:33.800 on tours around China

00:57:35.520 called the Future Agricultural Leaders

00:57:38.660 delegation,

00:57:40.240 where they're meeting

00:57:41.060 with Chinese officials

00:57:42.360 to essentially propagandize

00:57:46.580 on behalf of the Chinese Communist Party

00:57:48.280 and become supportive

00:57:49.060 of the idea

00:57:49.660 that the Chinese

00:57:50.200 should be able to own farmland here.

00:57:52.600 And last point,

00:57:53.320 like I said,

00:57:53.780 it's NatalieGwinters.substack.com.

00:57:56.080 You can read the article.

00:57:58.360 In local media,

00:57:59.700 they're also waging

00:58:00.540 information warfare.

00:58:02.720 They're finding people

00:58:03.940 who used to work,

00:58:05.080 in one case,

00:58:05.820 Greg Frazier,

00:58:06.980 who used to work

00:58:07.520 at the USDA

00:58:08.280 and also on the House Intel Committee.

00:58:10.400 Make that make sense.

00:58:11.860 He thought it would be

00:58:12.580 a good idea

00:58:13.020 to write an op-ed

00:58:13.820 for the Kansas City Star

00:58:15.040 entitled,

00:58:15.720 Tone Down the Fear-Mongering

00:58:16.820 About China's Supposed Threat

00:58:18.940 to Kansas Farms.

00:58:21.200 But he doesn't tell you

00:58:22.040 in his bio

00:58:22.500 that he actually used

00:58:23.360 to work in China.

00:58:24.640 He was essentially

00:58:25.600 a consultant

00:58:26.440 for the Chinese Communist Party.

00:58:28.480 But you can see

00:58:29.080 that they're waging

00:58:29.660 full-blown information warfare

00:58:31.440 from local media,

00:58:32.780 obviously national media too.

00:58:34.360 But I think this really goes

00:58:35.580 to the idea

00:58:36.120 how it's Americans

00:58:36.960 that have aided

00:58:37.800 and abetted

00:58:38.360 China's takeover

00:58:39.600 of so many vast swaths

00:58:41.780 of farmland here.

00:58:42.960 And we got one other

00:58:43.680 breaking story

00:58:44.360 before we hit Mike Lindell.

00:58:46.500 You know this audience,

00:58:47.800 you guys are critical

00:58:48.380 in killing the pandemic treaty.

00:58:50.460 But I hate to be

00:58:51.340 the bearer of bad news,

00:58:52.960 but the WEF,

00:58:54.640 the United Nations,

00:58:55.300 they are working together now

00:58:56.700 on something called

00:58:57.420 the Global Plastics Treaty.

00:59:00.380 It's essentially

00:59:01.420 another Trojan horse type

00:59:03.200 initiative type effort

00:59:04.820 to under the auspices

00:59:06.540 of wanting to curtail

00:59:07.660 plastic consumption,

00:59:08.980 use production,

00:59:10.100 cradle to grave,

00:59:10.980 the whole thing.

00:59:12.100 They want to essentially

00:59:13.400 dictate what globally

00:59:15.560 economies can produce,

00:59:17.020 including the United States.

00:59:18.420 Obviously,

00:59:18.820 President Trump

00:59:19.320 left the WHO,

00:59:20.280 show, but nonetheless,

00:59:21.660 you're seeing the WEF

00:59:22.900 and UN team up on this

00:59:24.520 to the point where

00:59:25.580 if we want to toss

00:59:26.220 the tweet up on screen,

00:59:27.840 the World Economic Forum

00:59:29.200 actually identified

00:59:30.560 misinformation

00:59:31.220 as the number one risk

00:59:32.860 that the world is facing

00:59:34.840 in short term.

00:59:36.840 They think that

00:59:37.780 unexpected natural disasters

00:59:39.600 are our biggest

00:59:40.420 long-term risk,

00:59:41.880 including unexpected

00:59:43.360 AI outcomes

00:59:44.580 and armed conflict

00:59:46.400 due to political discourse.

00:59:48.620 I'll let you decide

00:59:50.160 if that's predictive

00:59:50.780 programming or not.

00:59:52.200 But interestingly,

00:59:53.740 the UN declared

00:59:54.940 that it's misinformation

00:59:56.600 and it's essentially

00:59:58.180 criminal

00:59:59.320 to even question

01:00:01.520 the data

01:00:02.480 about climate change.

01:00:05.320 Not even,

01:00:06.000 they call it

01:00:06.520 climate delay,

01:00:07.720 quote,

01:00:07.980 questioning the scientific

01:00:08.940 consensus behind

01:00:09.900 climate change

01:00:10.620 and solutions.

01:00:11.260 That now makes you,

01:00:13.000 I guess,

01:00:13.400 persona non grata

01:00:14.300 with the UN's concept

01:00:16.160 of what it means

01:00:17.020 to be able

01:00:18.220 to share your voice

01:00:19.060 online.

01:00:19.740 It's natalijewinters.substack.com.

01:00:21.540 Make sure you're

01:00:22.040 checking out

01:00:22.500 birchgold.com

01:00:23.680 slash Bannon.

01:00:25.280 Text Bannon

01:00:25.980 to 989898.

01:00:28.560 Before we go

01:00:29.180 to Mike Lindell,

01:00:29.920 you also got to

01:00:30.360 check out

01:00:30.660 Tax Network USA.

01:00:31.700 That's tnusa.com

01:00:32.960 slash Bannon

01:00:33.620 or you can call

01:00:34.140 1-800-958-1000

01:00:36.480 for a free consultation.

01:00:38.180 These sponsors

01:00:38.600 help our show.

01:00:39.700 Go on.

01:00:40.220 Mike Lindell,

01:00:41.120 you've got a minute.

01:00:41.980 The audience loves you.

01:00:42.940 Hit us with

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Episode 4688： American Manufacturing Investment SOARS; Pandemic Treaty 2.0!？

Summary

Transcript