Episode 5382： President Trump Speaks About America's New Ballroom
Episode Stats
Length
1 hour and 17 minutes
Harmful content
Misogyny
4
sentences flagged
Toxicity
17
sentences flagged
Hate speech
48
sentences flagged
Summary
Sen. Bill Cassidy (R-La.) is the latest Republican to lose his primary challenge to President Trump, and it's not the first time that a primary challenge has cost a Republican a primary seat. In this episode, we discuss why this is happening, and what it means for the future of the Republican Party.
Transcript
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Bill Cassidy's lost because he tried to destroy Trump.
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Massey's going to lose because he's trying to destroy the agenda.
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You can disagree with President Trump, but if you try to destroy him,
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you're going to lose because this is the party of Donald Trump.
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Because another Trump target is out of a job, as you just heard from Senator Lindsey Graham.
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Louisiana Senator Bill Cassidy is the latest Republican to lose his seat after crossing
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President Trump. He lost his primary. He might not be the last, showing once again that Donald
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Trump is willing to spend time and money, a whole lot of money, to crush dissent among the Republican
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ranks. But to what end? I know this personally, as you know. I remember I was thrown out in a
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church convention, you know, during COVID because I was probably one of the first, right, to feel
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the wrath of that specific type of retribution. And I think I'm happy that I did it, right? I'm
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very proud of it. And I think part of what you're looking at, too, with Senator Cassidy, he's in a
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red state. He's the person that's going to replace him is probably going to win, even if it's a plus
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two or minus two or a plus three or minus three differential right in the PBI or how they win.
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It doesn't really matter. Right. If Cassidy won by nine points and say the person who replaces
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them is MAGA wins by seven, it doesn't matter because they still win. And President Trump is
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willing to put those type of resources and time into doing that. So right now, what you're saying
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is that anybody who bucks the system, as Kevin McCarthy told me, Denver, you're out of the
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current. So once you're out of the current, you're not really part of the system anymore,
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which that means fundraising gets taken away from you. You lose your ability to get laws or to get
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even any type, anything through committee processes. And I think Senator Cassidy probably
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realized pretty quickly that that was going to happen. But here's the thing, and I'll end with
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this. This is a guy who got RFK Jr. through. So for me, right, seeing Cassidy, you know, on the end
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of this, it really doesn't matter. He already did such incredible damage that the person replacing
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him is going to be equally as bad, but really comes down to personal retribution. The fact that
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MAGA is still firmly in Donald Trump's corner. To me, the most striking number here is think
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about the fact that after January 6th, 17 congressional Republicans voted to impeach
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Trump. Now, that's not a lot, but it's a significant number, 10 House Republicans,
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seven senators. In the years that followed that, five of them lost their next primary.
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Eight of them decided not to run again because they saw no path forward, right? So for Albany,
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very small number of people like Susan Collins, Lisa Murkowski, deciding to vote against Trump
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was the end of their political career. And, you know, I do tend to think that part of the reason
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this White House is so intent on destroying any Republican who dares, you know, speak out against
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him, disagree with him, certainly vote against him, is because it's almost like they have their
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finger in the dam, right? They're trying to prevent this giant tidal wave of dissent and
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backlash that is inevitably going to come. After these midterms, all bets are off, right? Donald
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Trump is officially a lame duck president. Every Republican in Washington is going to start trying
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to jockey for position to run in 2028. And I'm sorry, but Donald Trump can do whatever he wants,
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and I'm sure that people in his orbit will try to prevent what's coming. But it's going to come.
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There will be a big old fight in the Republican Party about where to go after Donald Trump.
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And right now, he's just trying to do everything he can to hold that off as long as possible.
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And I still think it is crazy that we elect judges anywhere, but we do.
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And because of the way Georgia's judicial elections work, these races tomorrow aren't primaries.
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Whoever wins these races tomorrow is going to end up on the Georgia Supreme Court.
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Now, Georgia's Supreme Court is technically nonpartisan, but right now that court is dominated by conservatives who were appointed by Republican governors.
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Two of those Republican appointees are up for re-election tomorrow.
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And no sitting Georgia Supreme Court justice has lost a re-election challenge in over a century.
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But tomorrow, there are two candidates who are making a really strong effort to try to do just that.
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They both have gotten big endorsements from people like former President Barack Obama,
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If those two challengers win, it would not only change the composition of the Georgia
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State Supreme Court, which is a huge deal in its own right, but it would also, I think,
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change the way Georgia voters think about Supreme Court elections going forward.
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It would also be a big sign of Democratic enthusiasm in a really important state where
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both the governorship and the U.S. Senate are up for grabs this year. In terms of early voting,
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already more than a million people have voted early in Georgia. Democrats have outpaced
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Republicans by about 15 percent of the votes cast. I'll say that again. Democrats have outpaced
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Republicans by 15 percent of the votes cast in early voting already. It's going to be fascinating
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to watch this one. Polls close 7 p.m. Eastern time tomorrow in Georgia. Watch this space.
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tuesday 19 may in the year of our lord 2026 uh it's election day uh commonwealth of kentucky
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state of georgia idaho others we're going to um cover this all throughout the day we're going to
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go to georgia particularly off the talking about the bunker the secret bunker in uh fulton county
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so we got all the players associated with that are going to be on this morning we're going to
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talk about Georgia we're going to start in Texas um the uh Caroline Wren and not all these are
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perfect I realize there's some that are that are you know personal vendettas and you know some are
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about policy but uh as one of the people in the engine room told me watching the cold open it's
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not so much being outside the current it's getting caught in the undertow of the riptide is it not
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ma'am certainly and that's what happened to bill cassidy i mean this was a resounding defeat of a
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two-term incumbent senator bill cassidy who mustered i believe only 25 five percent of the
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primary vote he didn't even make the runoff he came in third and i i will say that the grassroots
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but particularly maha played a huge role in this complete shellacking of cassidy in louisiana this
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was a vote that took place five and a half years ago but people do not forget when you betray
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President Trump when you, I believe, betray democracy in the way that he did, primary voters
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don't forget that, nor should they. And so I was thrilled to see him go. He needed to go. And so
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it's a big win for the MAGA movement. And yes, I mean, today we have primaries in Alabama, Georgia,
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Idaho, Kentucky, Oregon, Pennsylvania, and then all eyes turn to the runoff in Texas, which is
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next Tuesday. But the early vote. Give me a minute on Make America Healthy Again. We had Tony Lyons
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on last night, this. But Politico and the New York Times spent the last two weeks telling us
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that it's a flop, and the Washington Post too. It's a flop. It's a failure. When you talk to
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voters, it's all an internet phenomenon and on the war room. But other than that, it doesn't
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move the needle. It has no power on Capitol Hill and certainly no stroke in these primaries.
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What does Cassidy tell us about that, ma'am? Well, that's absolutely, I think the Maha movement
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has huge, huge power. It had a huge power in the massive popular vote win that President Trump had.
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Then also, you know, Kennedy's doing a great job in the role. We're seeing a ton of movement out
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of there. And in Louisiana, this was a particular battle for the Maha movement. Bill Cassidy had
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been against everything that the Maha movement stood for. You know, he did end up voting for
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Kennedy, but not after, you know, having to put us through the ringer during that confirmation vote,
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but he's still just been obstructing the Maha movement at every moment. And so the Maha movement,
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i think really turned out and said no we don't want you anymore and they showed their power that
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they could play the thing about the maha movement is they have power to play not only in primaries
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but also in general elections making them a very very lethal movement in this country
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the hill story lead story because here's what's so shocking about it it's not simply that a sitting
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senator was defeated a city senator in the south right because you know how they lock in down there
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the uh he finished third he did not make the runoff that is what so i think people are stunned
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about the hill newspaper today had an article about how john tune in the republican conference
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and stephen law those guys are shocked right beyond belief that they because they thought
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worst case he'll get in the runoff and it'll be let low uh you know in in the in the uh in the
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runoff uh like they helped cornyn did but they they he didn't didn't even come close to making
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the runoff, ma'am. Of course, I know they're probably shocked, but the thing is, there's
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no movement behind those folks. There's no movement behind preserving the Senate rules
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and preserving the filibuster. All they have behind them is money. And, you know, they didn't
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spend as much money as I expected them to on Cassidy. I think they kind of saw the writing
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on the wall with the, I guess, polling numbers, but also they've also wasted so much money in
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Texas, that their resources can only stretch so far. But with Cassidy, I mean, he really had no
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chance. And even, I think in the clip that you were playing in the beginning, they talk about
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how almost every senator that voted to impeach Trump is now gone, except for now Murkowski and
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Collins. Well, don't forget, Murkowski lost her primary, right? So she actually was defeated in
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the primary. She just ended up running a write-in campaign that she was able to win. So I would
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actually put that in the category of being defeated in a primary yeah she ran as an independent that
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funky way they do it up in Alaska um talk let's pivot to the let's not bury the lead the 150
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million dollars that has everybody's attention and has uh the MAGA movement outrage in Texas
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Cornyn yesterday admitted he doesn't think the he doesn't think a Trump endorsement is coming
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his quote was that ship has sailed do you buy that I certainly hope so and that ship should have
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sailed. It should have sailed from the moment he tried to, he defended Lisa Monaco and every other
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foe that Donald Trump has had. And the entire closing argument from the Corning campaign as
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allies is that Paxton is unelectable in general. And I just want to take a moment to point out
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how preposterous that is. I mean, the Democrats need to pick up four seats for majority. They're
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also defending three seats in Georgia, Michigan, and New Hampshire. And so when you go to look up
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those four pickup seats, I was actually watching David Axelrod said this. He said, there's no way
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we should play in Texas or we're going to play in Texas. It's too expensive. They're better off
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trying to play in Alaska or Ohio or Nebraska or Iowa, which are much, much cheaper. But the
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Democrats have learned this lesson. They poured millions behind Colin Allred and Beto, got them
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nowhere in Texas. Texas is a deep red state. I don't care if it's Paxton or Cornyn, the Republican
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nominee is going to win, which leads us to the point of why you should then vote for Ken Paxton.
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There is no reason why John Cornyn deserves a fifth term from Texans.
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He cannot point to any legislative accomplishments that he has done over those four terms.
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And it's time to have some new blood in someone like Ken Paxton, who is unshackled from the corporate money, from the D.C. establishment.
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And so that is why I'm just hoping and praying that Paxton has a big victory coming up next Tuesday.
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And the number one thing the war room posse needs to be doing is calling and texting every single person they know in Texas, remind them about this runoff and tell them that they've got to vote for Ken Paxton.
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Yeah, it's all about turnout. The turnout is absolutely important here for the grassroots.
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Doesn't this all point back to John Thune, though, the Save America Act?
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You came up with this great idea that Ken Paxson jumped on, that Ken Paxson would actually jump out of the race if Cornyn got the Save America, if he got really in the grill of John Thune and got the Save America Act.
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Isn't time, because I think we're going to hold the House because of the great work of you and Alex DeGrasse on being Bomber Command and doing these redistricting, which was a trench warfare, Brian Harris and the folks in Texas.
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I actually feel pretty good about the House, given that hopefully the economic situation won't worsen with these interest rates.
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But the Senate, I just don't see, I don't see anybody.
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As I go around the country or have people and talk, you know, have these meetings after the show,
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I don't see any enthusiasm on a mass basis for the grassroots to turn out for these senators.
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I think we can actually lose the Senate no matter how much money they've got.
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Isn't the way we counter that, isn't it to remove John Thune as leader and to do it ASAP?
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You know, when Cornyn made his comment yesterday about how, oh, that ship has sailed with the Trump endorsement, I'm like, actually, it hasn't sailed.
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Paxson literally handed you a way to be the captain of the ship, and it was get Save America passed, and I will step aside and let you be the next senator.
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And John Cornyn refused to be a captain of that ship, refused to try and get his colleagues.
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He changed his own personal opinion, which he didn't actually change it.
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But he wasn't able to go convince his colleagues.
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And so we still now are months down the road without the Save America Act passed.
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And so I love what Trump is doing right now where he's saying, all right, fine.
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How about you attach it to the must-pass FISA bill or the must-pass housing bill?
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And I hope Trump doesn't try to attach it to those things and say, no, I'm not going
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to sign these bills on my desk unless you put the Save America Act language on there
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because it is the most important piece of legislation, not only to President Trump,
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but to the integrity of our elections in this country.
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And John Cornyn did absolutely nothing to try and get his Senate colleagues on board.
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and he could have cut a deal with John Thune and said,
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Let's nuke the filibuster and pass the Save America Act.
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We tried to give you a lifeline, Senator Cornyn, and you didn't take it.
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I just want to hold you through commercial break for a moment.
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With Thune, we don't have, he keeps up, we don't have 60 votes.
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Caroline came up with Paxson, this amazing offer to Cornyn to get Save America Act,
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Save the Save America Act passed, and Ken Paxson would drop out.
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He didn't really put any effort, didn't happen.
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The president says, hey, you got to attach it now to must-pass legislation,
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like FISA and all these other must-pass pieces of legislation.
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It's time now to remove, you're going to lose the Senate, flat out, done, unless Stoon is removed as leader.
00:14:53.160
You got 27 votes, remove the leader, put somebody else in, get some energy.
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Subject to the time, it is 19 May, year of our Lord, 2026.
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Anne Boleyn, the witch that was the mother of Elizabeth I
00:19:44.100
and had Henry VIII walk away from his 19-year marriage to Catherine of Aragon,
00:19:57.300
We get to more of that in the implications and the impact
00:20:10.560
So today is day three of the South Carolina special session.
00:20:14.140
The special session was called by Governor McMaster
00:20:19.860
They put up over 600 amendments in a not so naked effort to delay the redistricting bill.
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And thankfully, the Republicans in the statehouse called their bluff, changed up the rules late last night to expedite the process.
00:20:33.980
But the redistricting bill is expected to pass tomorrow morning and head over to the Senate.
00:20:42.940
The Senate will debate it on Wednesday and Thursday.
00:20:44.940
should probably go to a vote on Friday, and then we're hopeful that it could pass either Sunday or Monday.
00:20:52.980
And when we had trouble with the state Senate before, you had to get two-thirds of the majority to pass it.
00:20:58.440
This time around, we only need a straight-up majority, which we have more than enough votes for that.
00:21:02.320
And so I'm now very, very optimistic about South Carolina, feeling very, very good about it.
00:21:08.920
Seems some of these state senators really heard from the war room posse and are not really causing many problems.
00:21:14.940
So I think we're looking good in South Carolina.
00:21:20.660
And what a magnificent thing to accomplish over Memorial Day.
00:21:26.600
You cannot honor our war heroes who gave their lives for this republic.
00:21:32.260
Caroline Wren, where do people go for bomber command?
00:21:35.060
We always have to be, particularly this week, folks, early voting.
00:21:47.460
It's at Caroline Wren on X, True Social, and Getter.
00:21:56.400
So, Garland Favarito, we're going to have the lieutenant governor candidate, hopefully, Greg Doversal, who's, I think, the guy doing the suit.
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But tell us, you know, Paul Sperry and others came out yesterday, this bunker.
00:22:14.680
How can there be something, as you put up yesterday magnificently, against Georgia state
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code and absolutely breaks the law, given all the problems we've had in Georgia?
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You had the director of national intelligence down there overseeing a transfer of evidence
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that which Abby Lowell and Norm Eisen went to court and spent millions of dollars trying
00:22:36.680
And they told the judge, we're going to destroy it as soon as we get it.
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I get literally texts and calls from people all over the world, not just the national audience of the war room, the international audience going, what is going on?
00:22:51.960
You know, we go through the airport in Georgia.
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It's a renowned state where you get global television coverage of the Masters.
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But this thing is like a third world banana republic, sir.
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Steve, I wish I had a great answer for you, but I don't.
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Basically, he has been violating the law ever since he first went on to the system, and he bought this $100 million system that violated two statutes right up until two weeks ago when he was actually doing his own election challenge, adjudicating his own election challenge, which also violates the law as well.
00:23:35.520
So it is just really something that has continued, and I think the reason, Steve, is because
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there is a collusion between this Republican Secretary of State and the Democrats in Fulton
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So the Democrat judges in Fulton have covered up for Ravensburg and protected him, and he
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has then protected them, as you know, in regards to all the election activity, which appear
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to be absolutely criminal that occurred dating back to 2020. When you say actually criminal,
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I mean, this is the reason the FBI and DNI were down there. And the reason the judge, I guess,
00:24:16.260
came on our side for this evidentiary hearing. What do you hear about? Because this is just
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more crimes. I mean, they're committing more crimes in broad daylight. When do you think
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this thing is going to be brought to head? Do you have any idea? You're one of the major
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plaintiffs in all this. You're one of the major witnesses in all this. Do you have any feel for
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how this is going to be brought to you? Because now we're through another primary, right? And
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nothing's happened. Well, right. This particular issue, I think, will be brought to a head today
00:24:44.860
on the secret bunker because right now, I believe as we speak, the hearing has started.
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Judge Glanville has granted the petitioner's attorney, David Alls, a hearing to make his
00:25:02.000
case, even though Secretary Ravensburger's attorney will not be there for five days.
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He requested five days, and the judge has granted an emergency hearing because of irreparable
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harm that will be done to Senator Dozal, as well as Chris Mora, a congressional candidate
00:25:20.100
in the 11th district, and a commission candidate there in Cobb County, Kelly Gambrell, they're all
00:25:26.940
on this lawsuit. And they are being backed up in part by the new congressman, Clay Fuller,
00:25:34.520
out of the 14th, who has requested congressional observers for this selection. So hopefully,
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all of this pressure, and thanks again to the war room posse, hopefully all of this will
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result in forcing Secretary Ravensburger to actually follow Georgia election law,
00:25:54.680
which clearly states that all election officials have to perform their duties in public.
00:26:02.100
Garland, is there good news to take out of here in that both Ravensburger and Chris Carr,
00:26:07.600
and the attorney general here was just as bad, both of those guys are running for governor?
00:26:12.900
Are they finished? I hear they're finishing a distant third, fourth, or fifth.
00:26:16.160
So are Georgia Republicans on to what they've done and not supporting them?
00:26:23.120
Yes. Hang on. Hang on. We're going to cut to the president right now. Live. Let's go. Thanks.
00:26:28.860
You'll see some interesting things. And I'll show that to you in a second. You want to grab that, please?
00:26:33.980
I'll show that to you in a second. The facade of the building.
00:26:39.600
There will never be another building like this built. I built a lot of great things.
00:26:43.900
But there will never be anything like this, Bill.
00:26:47.200
And what we have is the roof is dead flat with absolutely nothing but strength on it.
00:26:54.180
It's drone-proof, and it's meant for our military to be able to stay on it.
00:27:00.500
Also, for the drone-building capacity, some of that takes place right down here.
00:27:06.620
You can see the very large piping and the other things, and it's a very complex building.
00:27:13.560
all knit together the roof goes with the ground floor the ground floor goes with the roof the
00:27:19.960
roof also goes down into the basement everything is connected intertwined elevators heating air
00:27:26.440
conditioning it's one building that's why we're trying to explain that this is one well knit
00:27:32.120
building one doesn't one thing doesn't work without the other uh very importantly though
00:27:37.960
in terms of the beauty probably the closest thing to this would be the u.s supreme court the facade
00:27:44.440
of the u.s supreme court so here's a couple of uh things you can look at
00:27:53.080
how are you all right there will never be another thing like this i don't believe built from a
00:28:00.040
court standpoint uh this is all my money and donors money this is tax-free so everyone's
00:28:07.240
talking about they're going to give money, they're going to give money. The money they're going to
00:28:10.480
give is really for the security of that and the whole White House premise. And I guess you probably
00:28:16.980
need that nowadays. We've done the fencing on the outside of the White House. It's all titanium.
00:28:23.220
You see the black fencing. That's been just done recently. And it was approved originally by me.
00:28:29.340
And it's been completed. And it's very powerful. Very powerful. A tractor, a bulldozer cannot knock
00:28:35.420
it over it goes down deep and it's titanium which is the strongest of all of the metals
00:28:40.080
much stronger than steel as an example the ballroom is all it's going to be a tremendous
00:28:47.080
tremendous thing as an example what happened a couple of weeks ago at the white house
00:28:52.060
correspondent said it could not happen here one thing that we have is we don't have people
00:28:56.700
living above it we don't want that that's no good way they have a thousand units above it
00:29:01.420
with the elevator coming right down next to where the convention or whatever it may be is so
00:29:06.940
this is a room that's been wanted for 150 years by presidents we have no room to have an event
00:29:14.940
the only way you can have an event is if you build a tent on the lawn and the tent would not
00:29:19.160
do the job and by the way if it rains here because this is built on a wetland the lawn is
00:29:24.680
is impossible to deal with the water goes over everybody's shoes it literally goes over the
00:29:30.660
So, and they've had a lot of catastrophes with the tent.
00:29:36.200
So we have this, and if you take a look at this section, this is the different facade.
00:29:43.360
So this is a Greek, more or less, it comes out of Greece.
00:29:55.320
faces this is a different facade that's rome and that faces the uh washington monument the lincoln
00:30:03.080
memorial etc so you have two facades primarily you have two entrances you have here you have here
00:30:09.720
but the primary entrance is through the white house directly through the white house
00:30:14.440
and it's really something i think you can see the complexity all of these columns go directly
00:30:19.720
up to the roof and the roof is a barrier it's a shield because it's made out of the sidewalls
00:30:26.860
or steel impenetrable steel and also impenetrable glass the glass is approximately four inches thick
00:30:35.920
and yet it's amazing you can see through it as though it didn't exist it's amazing
00:30:40.760
and it can stop just about anything just about anything on the other side of the glass we have
00:30:48.380
steel and concrete so that the glass is very powerful what's holding the glass is equally as
00:30:56.060
powerful and that's here you can see they're just about ready to go up to the top all of these
00:31:01.640
columns they go directly right to the roof of the building and again we call it a drone port
00:31:06.760
it's set up for unlimited numbers of drones purposely we don't have any air conditioning
00:31:14.240
equipment up there because we don't want anything coming down through the pipes if anybody gets
00:31:19.760
normally you'd have a lot of air conditioning equipment on the roof we built it all inside
00:31:25.360
the building inside the case of the building because we don't want to have anything having
00:31:29.680
to do with air or air quality or any problems playing with the air so you'll notice it's a
00:31:35.520
dead flat roof with no equipment on it all of the equipment is inside of the building
00:31:42.720
and that's for safety reasons normally you do a lot less expensive you do it a different way
00:31:48.400
so all of this was paid for by myself and because i keep hearing like i'm not we are making a gift of
00:31:55.600
this boy this is a gift this is not going to be paid for by the taxpayer that we have a judge that
00:32:00.800
thinks it's a terrible thing that we're making a gift he said it's terrible that we're making a
00:32:05.200
gift that should be paid for by the taxpayer that's one i've never heard before but i'm sure
00:32:10.160
Or maybe, I don't know, maybe he doesn't understand.
00:32:12.720
This is a gift to the United States of America.
00:32:16.400
And more than a gift, it's going to be one of the
00:32:19.140
most beautiful buildings that's ever been built
00:32:27.840
And again, this is taking these great classical
00:32:32.220
buildings, they're taken out of different parts
00:32:40.380
Greece likes the — they call it the triangles.
00:33:01.640
They have a 360-degree vision of Washington, D.C.
00:33:08.180
Not only is it drone proof, if a drone hits it,
00:33:31.040
But you might want to take a look at the complexity.
00:33:40.520
They're building all sorts of research facilities,
00:33:44.660
also meeting rooms and rooms that go hand-in-hand
00:33:53.700
and protecting all of the things that are built here.
00:33:56.900
This goes — as you see, it's already up to the ground.
00:34:04.640
This is down because we've already done these floors.
00:34:15.460
Normally, when you build a ballroom, you build it flat.
00:34:20.320
The complexity of this, and again, it's all knit.
00:34:23.660
It's all knit together between the drone proofing,
00:34:38.340
It's built for our snipers, not the enemy snipers,
00:34:42.840
And because of the height, we get a very clear view
00:34:49.660
you mentioned that this is being paid for out of pocket.
00:35:00.960
It may go, some of it may go here for additional security.
00:35:09.740
to build this building, along with a lot of great patriots.
00:35:12.620
People have put up a lot of money to build the building.
00:35:19.120
I think it's going to be potentially the most beautiful
00:35:29.400
with the United States military and the Secret Service.
00:35:32.100
Well, they have a budget in Secret Service and the military to do some of the work that
00:35:42.620
So the answer is, I think they want to enhance what you see.
00:35:51.820
It's 9,000-pound concrete that, if you know anything about a contract, that's very, very
00:35:59.580
they probably want to enhance the area they're going to spend money this is a very sacred piece
00:36:05.840
of land this is the white house and they want to do things but all of everything that you see and
00:36:11.820
the money that's being put up to build the ballroom and again the ballroom it's necessary for the
00:36:19.000
ballroom to be built with what you see over here it's all knit in the air conditioning the heating
00:36:26.000
the drone capacity, the shield, you know, a lot of things going on downstairs, and some
00:36:35.680
of it you see. This goes down six stories. You see three stories because it's already
00:36:40.700
been built. This will be very shortly. This will be in the form of the roof goes along
00:36:48.840
these lines basically it goes outside you see where the wood is you're going outside of that
00:36:56.620
line and then it goes straight up and it's all protection and everything's together you can't
00:37:02.880
build one without the other and what we have is we have the safest building ever built in my opinion
00:37:10.180
you can have and you know the other thing is when we're right on budget we're right on plan
00:37:17.860
the only budget change would be that we doubled the size at the request of the military we doubled
00:37:23.300
the size but we're right on budget right on plan and uh originally we're going to build a much
00:37:29.640
smaller room and it wouldn't have done the job it just wouldn't have done the job you have too many
00:37:33.380
events like if we have president and she coming here we have no place to put them we had the king
00:37:38.800
and the Queen the other day and we had a thousand people wanted and we had we ended up having 100
00:37:45.280
people sitting in a very small room so they've been after this for a long time but maybe more
00:37:50.880
important is the safety element this is a shield that protects everything that's inside everything
00:37:56.640
that's on top and you know obviously the white house was built in 1792 uh yeah it's awfully hard
00:38:05.600
it's awfully hard to do that kind of a capacity that we've done here.
00:38:09.760
So this will give future presidents, but you have to understand,
00:38:13.000
when this is finished, my term ends shortly after that.
00:38:18.380
This is really for other presidents. This is not for me.
00:38:21.360
This is my gift to the United States of America.
00:38:24.440
I'm going to be able to use it very little, because when it's finished,
00:38:29.880
But it will be used for hopefully hundreds of years for other presidents.
00:38:34.260
And there will never be anything like this built again.
00:38:37.380
There'll never be a room built like with the safety.
00:38:43.260
Correspondents' Dinner here, it would have been no problem.
00:38:47.140
Sir, sir, you said that this will be when it opens,
00:38:56.640
I have. I have. I better not tell you about that, Daniel.
00:38:59.860
But, yeah, we have everybody wants to be here for the first event.
00:39:06.300
So we have some very special places that it could happen for them.
00:39:11.820
You know, we have, literally, if the king and queen were, you know, if we had this finished,
00:39:19.420
we would have had an event that would have been ten times a session.
00:39:23.380
I mean, we literally were in a little room in the White House.
00:39:26.380
Presidents, now we're not even talking about safety, presidents have been asking for this
00:39:30.900
literally from the time the White House has been built.
00:39:44.680
The Pressure Pressure Pressure Pressure Pressure Pressure
00:39:47.680
You mentioned that this is going to be a gift to America.
00:39:49.820
The Pressure Pressure Pressure Pressure Pressure
00:39:57.820
We have to make sure that Iran doesn't get a nuclear weapon.
00:40:00.460
all of the things that you see me fighting for so hard.
00:40:06.640
and then you have the Democrats, I call them the Democrats,
00:40:09.640
putting in a bill that Trump should immediately stop.
00:40:15.340
where you're beating them badly, they come to the table,
0.99
00:40:23.080
but we may have to give them another big hit.
0.95
00:40:28.920
you'll know very soon but how do you feel when you're negotiating you're winning every point
00:40:34.520
and they say but in washington they want to stop you from negotiating they want to stop you
0.98
00:40:40.980
and it's only political it's the democrats they're dumb it's a new name it's a very accurate name so
0.98
00:40:48.200
i'm in the middle of a negotiation i'm saying you cannot have a nuclear weapon and it comes over
0.99
00:40:53.340
the wire that the Democrats want to stop Trump from further negotiations. They want to stop
00:41:00.260
Trump from, if he has to, giving them another slap. They want to have a nuclear weapon to blow up the
0.98
00:41:06.600
Middle East and to blow up, frankly, the world. It's not going to happen. Nice to see you, by the way.
00:41:12.220
How close were you striking around these? I was, I was, I was an hour away. We're all set to go.
00:41:21.680
You're talking about yesterday we were going to be striking very it would have been happening right now
00:41:26.880
Yeah, it was all done. The boats the ships are all loaded. They're loaded to the brim
00:41:37.840
They said that they feel they've had for the first time in almost
00:41:42.400
47 years, you know, iran's been the bully of the middle east for 47 years. I mean literally the bully of the middle east and
0.76
00:41:48.880
They're nasty, very nasty, very dangerous.
0.99
00:41:54.880
Had I not terminated Barack Hussein Obama's Iran nuclear deal,
0.76
00:42:05.880
On Cuba, what do you want to see from Cuba's government?
00:42:08.880
Or do you want to see the option of military action?
00:42:43.680
Are you confident that you can reach a diplomat?
00:42:49.760
We are — I am very prone toward the Cuban-Americans.
00:43:00.140
They've come to this country, and they've been very successful.
00:43:02.600
The Cuban-American people in Miami, I mean, they are amazing people.
00:43:06.320
Most of them are in Miami, in Florida, but mostly in Miami.
00:43:12.620
I mean, that's they've been I think I got 97 percent of that vote.
00:43:26.600
So that's not going to be hard for us to solve.
00:43:33.980
I can do that whether you change a regime or not.
00:43:49.620
The Pressure, how much notice did the Gulf
0.99
00:43:58.800
The President, they called me over the last two
00:44:06.240
and primarily Saudi Arabia, Qatar, UAE, Kuwait a little bit,
00:44:18.680
And Israel, of course, and Israel has been a great partner.
00:44:29.000
Don't forget, when you talk about regime change,
00:44:37.740
They're someplace, but they're no longer with us.
00:44:42.920
But I got a call yesterday, sir, could you wait?
00:44:46.660
We think we're close to a deal, and that's okay.
00:44:58.740
because the bombers did such an unbelievable job
00:45:02.140
that the mountain literally collapsed on top of it.
00:45:05.300
They said us and they thought China would be the only two countries that could even get it.
00:45:09.720
But I think it's important to get it, maybe psychologically more than anything else.
00:45:13.720
How long did the Gulf nations know? How long did they know that you were playing with the Gulf nations?
00:45:20.460
They knew I was getting ready to attack. I didn't tell them.
0.64
00:45:25.320
I'd never tell anybody when, but they knew that we were very close.
00:45:28.800
I would say we were — I was an hour away from making the decision to go today, and
00:45:35.580
we would probably not be talking about a beautiful ballroom today — we'd be talking
00:45:47.240
They said, sir, could you give us a couple of more days, because we think they're being
00:45:53.380
How long are the days for a ride to come to the ballroom?
00:45:56.380
I mean, I'm saying two or three days, maybe Friday, Saturday, Sunday, something, maybe early next week.
00:46:04.120
Because we can't let them have a nuclear weapon.
0.95
00:46:06.960
If they had a nuclear weapon, they would start with Israel.
0.90
00:46:24.680
they go after I think they go after the entire Middle East and it would be a
0.93
00:46:29.560
whole different negotiation it would not be it would be it would be nuclear
0.97
00:46:33.620
Holocaust and there's no question in my mind that they'd use it there's no
00:46:39.440
question and I deal with these people they're extremely radicalized these are
00:46:45.060
not people like what I deal with you very nice guy these are people that are
00:46:50.520
seriously radicalized they would use it the only question would it be the first
00:46:55.620
minute the first hour or the first day I'm not doing this politically I'm there
00:47:07.600
look everyone tells me it's unpopular but I think it's very popular when you
00:47:12.000
when they hear that it's having to do with nuclear weapons weapons that could
0.51
00:47:17.200
take out Los Angeles could take out major cities very quick when they hear
00:47:22.360
that you know when they're explain I'll tell you what when we explain it to
00:47:26.260
people I don't really have enough time to explain to people I'm too busy getting
00:47:30.580
it done when they understand I think it's a very I think it's frankly very
00:47:35.200
popular but whether it's popular or not popular I have to do it because I'm not
00:47:40.300
gonna let the world be blown up with my watch it's not gonna happen
00:47:54.140
He's been a terrible congressman from day one.
0.98
00:48:05.140
You know, sometimes they say he's really a Democrat.
00:48:12.140
He voted against men playing in women's sports.
00:48:16.140
He voted against transgender for everybody.
1.00
00:48:24.660
We have the best border we've ever had right now.
00:48:27.900
I mean, a report just came out in the last 11 months, literally nobody has been allowed
00:48:34.800
We're taking people legally, they go through a process, but nobody's coming to our country.
1.00
00:48:39.780
But we've taken out hundreds of thousands of people.
0.99
00:48:51.420
Many of these murders allowed into our country from prisons.
00:48:57.940
More than 50 percent killed more than one person.
00:49:04.300
This was on behalf of the Biden administration.
00:49:06.400
I don't know Biden because I don't think he knew he was alive.
00:49:12.260
She never called, not one time, she never called the border patrol.
00:49:22.440
I used to call every single day, and that's recently.
00:49:29.220
We had caravans coming through with tens of thousands of people pouring into our country.
00:49:36.800
We would have been, I'll tell you what, our country would have been destroyed if they
00:49:41.380
won this election our country would have been we have now the hottest country anywhere in the world
00:49:46.740
if they had won the election our country would have been destroyed our country was a dead country
00:49:51.540
two years ago and now we have really the hottest country in the world and this is the ballroom and
00:49:57.620
it's going to be something incredible you see the quality of it and they go right those columns go
00:50:02.260
right into the roof and on top of the roof we're going to have the greatest drone empire that you've
00:50:07.460
ever seen and it's going to protect washington thank you all very much we have a little breakfast
00:50:13.460
for you really yeah where is the breakfast i'd have it where is it oh it's right over here
00:50:20.820
we have a little bit of a breakfast for you i figured i'd be nice to you for a change
00:50:37.460
well I think that it was great thousands of people showed up and it was a beautiful everything
00:50:44.300
beautiful day I did I did scripture you think it's easy to read scripture it's not easy to
00:50:50.180
read scripture that's a whole different ballgame that's not like reading a speech we will build
00:50:55.540
the wall this is a whole different deal but I did it proudly and I guess it was broadcast
00:51:02.600
we had tremendous stress I think religion is very important for a country I think having
00:51:07.320
really this country was was built largely on religion if you look it was built and when you
00:51:14.760
have strong religion you have less crime it's just a fact you know whatever it may be it's like gee i
00:51:20.860
want to go to heaven so i'm not going to do this or that who knows but we have a country that was
00:51:25.860
based on religion and i'm very proud of that and if you look and you see all of the polling i mean
00:51:32.520
polling is so fake but on this it's not fake religion is really going up in the last year
00:51:39.320
and during the time i mean really during the time i first got elected in 2016 it's a much
00:51:44.940
different thing i'm very proud of that religion is a good thing christianity it's a great thing
00:51:50.620
for our country i mean so many of our the things that we we've done the successes that we've had
00:52:02.480
Religion is taking off like our country is taking off.
00:52:05.940
Our country is hotter now than it's ever been.
0.99
00:52:08.020
And I'll tell you, religion is making a tremendous comeback.
00:52:14.360
You go back two, three years, nobody was going.
00:52:18.000
The Pressure Manchin, why do you think it's a main crime
1.00
00:52:20.500
that we see happening through the Jews as well?
1.00
00:52:23.240
The Pressure Manchin, no, I'm always concerned.
00:52:26.760
Look, from the beginning of mankind, you've had that.
00:52:30.860
I'd like to get rid of the bad, but somehow that's going to be there.
00:52:40.200
If Congress is not going for this $1 billion for your security funding,
00:52:43.920
would you be willing or would you willing to go to your donors
00:52:47.480
The President Well, this is money for the whole premises,
00:52:53.780
But the ballroom is, as you see, it's going up.
00:52:58.380
It's larger because they wanted more military capacity.
00:53:17.840
The money that they're talking about is the surrounding areas
00:53:20.900
and maybe enhancing some security aspects of the ballroom.
00:53:23.740
But the building, as you see, it's a very active site, and a lot of people are amazed.
00:53:30.380
And by the way, that floor goes down three floors, just so you understand.
00:53:36.120
That floor goes down three floors, and there are many things in there having to do with security.
00:53:41.600
And many of those things are going to be taken from there and put onto the roof of the building,
00:53:46.720
and that has to do with drone and missile capacity.
00:53:49.760
A lot of the presidents have done renovations to the White House, to all these things.
00:53:53.880
Why do you think people are so mad about your renovations?
00:53:58.120
You've got Meridian Hill Park, you've got the water flowing again, all of it.
00:54:09.300
First I said, oh, this is going to be a negative question.
00:54:11.240
Then I heard, she's really saying, why do they hate you for fixing the water fountains?
00:54:15.540
So, you know, we have we have 40. I know I want because I want to see Washington to be beautiful to me
00:54:21.500
It's very important. But as an example, you mentioned the water fence
00:54:24.240
We didn't have one water fountain and I think we have 40. We didn't have one in Washington that worked and soon
00:54:31.220
They'll all be working many of them work right now and the I think one of the best things
00:54:37.380
Obama President Obama President Biden spent much more than a hundred million dollars on the reflecting lake
00:54:44.100
between the Lincoln Memorial and the Washington Monument they spent much more
00:54:49.920
they spent some people say 200 million you know what they got out of it a
00:54:53.580
closed lake it never opened and when it did it shut right away it leaked it was
00:54:58.620
a disaster I'm doing a job on the reflecting leg for a fraction of what
00:55:04.380
they paid now I've upgraded it very soon I got so into it I've upgraded it like
00:55:09.540
you wouldn't believe I'm doing all the walkways outside and you know I'm doing
00:55:12.900
i'm doing it properly but it's a much bigger job but you see it's happening now it's going to be
00:55:19.060
beautiful it's going to be waterproof it's going to be reflecting again i took over a dirty filthy
00:55:25.380
thing that wasn't open and it was disgusting and friends of mine would come to the lincoln or the
00:55:30.820
washington and they'd say sir it's disgusting i said what's disgusting the reflecting link
00:55:36.660
so i drove down i looked with with secretary bergham who's fantastic of interior he's fantastic
00:55:51.080
It'll be open before that, but easily be able to do,
00:56:02.860
I put a thing out yesterday showing the reflection.
00:56:11.380
And I saw there was guys out there, almost like, are they hand-painting it?
00:56:15.820
Yeah, well, they're fixing the stone outside, and they're sandblasting the stone.
00:56:20.500
We're doing a much bigger job than we wanted to do.
00:56:24.220
Obama and Biden spent over $100 million, and you know what they got?
00:56:28.820
They opened it up, and it leaked like a sieve, and they closed it, and it stayed closed.
00:56:34.940
I've been working on this for a couple of months.
00:56:36.720
When it's finished, it's going to be incredible.
00:56:38.620
But we have other fountains, beautiful fountains.
00:56:45.180
They're just sitting there rotting, and most of them are now open.
00:56:48.840
And right across the street, I made a donation, and I'm building Lafayette Park.
00:57:07.820
I mean, I'll let you know I wanted a lighter color blue. The person that really knows this stuff said no dark is much better
00:57:15.380
It you don't see the leaves and you know, you know things will get in there
00:57:18.820
But most importantly the dark reflects much better
00:57:27.820
Well, I think it's the strongest it's ever been, you know
00:57:30.640
You take a look at what happened in Louisiana two nights ago with a certain senator
00:57:35.760
that was very disloyal to me and to the Republican Party.
00:57:46.940
but we have a great guy running against Massey.
00:57:50.720
the worst congressman the Republican Party's ever had.
00:57:57.880
But I think MAGA's never been more together, actually.
00:58:00.680
I'm going to be making an endorsement today in Texas.
00:58:04.040
I'm going to be putting out an endorsement in a little while in Texas, the great state.
00:58:08.620
You know, I won Texas all six times, meaning primaries and the race, and I got the highest
00:58:13.920
vote in the history of Texas, and I love Texas, but I'm going to be making an endorsement
00:58:19.100
at about 12.30, 1 o'clock today for the big race, the Senate race in Texas, and I hope
00:58:28.660
So I do think, I mean, I appreciate the question because even CNN, they did a poll two, three
00:58:46.280
And he gives the good and the bad, but I think he's an honorable guy because we get a lot
00:58:51.740
You know, he predicted I was going to do great with the Muslims in Michigan and win Michigan.
00:59:01.100
but he did a poll two weeks ago that said Trump is,
00:59:26.560
But I'll be making a statement in a little while
00:59:29.400
as to who I'm endorsing in Texas for the Senate.
00:59:33.140
And there are those that say whoever I endorse is going to win.
00:59:38.640
I just don't like to say it, because I don't like to brag.
00:59:41.180
The Press, how did you want to run against Lauren Boebert?
00:59:44.580
The President, well, I've had my mind made up for a long time,
00:59:46.640
but I just think it's, I just think it's going to be,
00:59:53.480
There's a place that President Xi told you during your meeting
01:00:05.880
Mr. President, you mentioned that the ballroom is your gift to the country.
01:00:10.540
It's a gift from me and from incredible, successful companies and patriots.
01:00:24.120
And again, it's ahead of schedule, unlike the Fed building.
01:00:28.520
This building at $400 million, the Fed building at $4 billion, and it's a tiny little project
01:00:34.920
And you spent a lot of time renovating the White House, the Rose Garden, the powering
01:00:46.220
Why was this so important to be part of your legacy?
01:00:49.220
Well, this is the most important because, number one, security.
01:00:52.120
number two was so needed just on a social basis for presidents. And again, I'll be here for a very
01:00:57.920
short period of time. When this opens, I'll be here for a very short period of time. This is really
01:01:02.700
being built for other presidents. It's not being built for me. And I'm a really good builder. The
01:01:07.080
thing I do best in life is build. I'm a great builder. And I build beautiful product. This,
01:01:12.000
this, there will never be anything like this. I always admired the facade of the Supreme Court.
01:01:17.340
I said, I wonder if that could be duplicated or bettered, even not to say bettered, but even bettered.
01:01:23.160
And we've actually bettered it. What we're doing is something that will, you'll never see it again.
01:01:28.400
The Pressure, President, one more honor on Iran, if I may.
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01:01:30.700
When you were having your discussions with the regional partners, the regional leaders,
01:01:35.360
did they express to you any concern about Iran's ability to still retaliate in the event of U.S.?
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01:01:41.460
Sure, they have a little ability. Their missiles are 82 percent gone, we estimate.
01:01:46.320
their capacity to build this very little right now because we hit you know we hit all of their
01:01:52.040
manufacturing areas same thing with drones largely gone but they still have a little capacity yeah
01:01:57.620
not much but they have a little their navy is completely gone their air force is completely
01:02:02.020
gone uh president xi has promised me that he's not sending any weapons to iran that's a beautiful
01:02:08.460
promise i i take him at his word i appreciated it we had an amazing time in china
01:02:14.760
You know, look, we got along very well before this, but President Xi and I had a really
01:02:22.680
But he promised that he's not sending any weapons.
01:02:25.160
And, you know, if you think about it, he gets 40 percent of his oil.
01:02:28.760
He's not sending oil boats in, you know, tankers in with 20 destroyers alongside of
01:02:40.760
But Iran has used the straits as a military weapon for 47 years, really much more than that.
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01:02:48.240
And that's not their straits. That's international waterways. That's not for them to do.
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01:02:56.260
If I left today, it would take them 25 years to rebuild.
01:02:59.960
But we're not leaving. We're going to do it right so that in 5 years, 10 years,
01:03:05.120
if you have a bad president who doesn't want to do what's right to do,
01:03:12.620
It should have been done by other Presidents long
01:03:18.620
Mr. President, you were supposed to suspend the
01:03:28.620
Look, as soon as this war is over, gas is going — you
01:03:35.620
I was in Iowa and the stations added it $1 and 85 cents but I was down to in
01:03:42.900
many cases less than $2 a barrel a gallon and then I said to myself this
01:03:49.060
is great we just hit a new high in the stock market everything's going good
01:03:53.080
I'm sorry but we have to go down and take a little journey down to we have to
01:03:58.540
do something with the rent we cannot let them have a nuclear weapon you want to
01:04:03.640
see the world exploded you want to see a problem and this is peanuts and i appreciate everybody
01:04:09.360
putting up with it for a little while it won't be much longer but uh you're gonna have and frankly
01:04:15.020
there is so much oil out there one of the things that is happening is these big ships are coming
01:04:20.420
up to texas louisiana and alaska and they're loading up but i don't even think about that
01:04:26.420
what i think about is you can't let iran have a nuclear weapon and they won't have a nuclear
01:04:31.940
Mr. President, I once asked you, how do you deal with
01:04:36.820
And you had some time ago, during your first time,
01:04:43.360
Based on that, why do you continue to do what you do,
01:04:46.660
knowing that some of the people are criticizing it
01:04:51.860
Mr. Well, you know, you have some people disagree
01:04:58.800
You have to have walls and you have to let people in legally, but you have to have borders.
01:05:06.260
You should let anybody, murderers, drug dealers, you should let them in.
01:05:09.940
So there is some, but I said to you once, I remember it, the greatest healer of our country.
01:05:16.180
When we had, just before COVID, we were so successful.
01:05:19.800
You know, we had the best economy we've ever had in my first term.
01:05:23.380
This term is going to blow it away, I think, and you see all the numbers.
01:05:26.000
even during the war we have the highest stock market we've ever had i thought the market would
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01:05:31.120
go down 25 percent and i was okay with that to get rid of a nuclear potential holocaust would
01:05:38.880
have been a nuclear holocaust so going down 25 is okay if you're going to get rid of a nuclear
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01:05:44.080
holocaust so uh most people agree with me when when i'm with people and they let's say oh gee
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01:05:50.240
why do and i say here's the problem is it okay for iran and they are very volatile people i'm
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01:05:56.800
being nice is it okay for iran to have a nuclear weapon everybody says no i said then we have
01:06:03.920
nothing further to discuss you know it's like one of those things and they will never have a nuclear
01:06:08.800
weapon not going to happen and probably that's going to be very soon so one way or the other
01:06:13.360
Whether it's a military or an agreement, that'll start opening up very soon.
01:06:18.400
Mr. President, why don't you wait so long to wait for the next election,
01:06:22.180
such as that now both of their names are going to be on the election?
01:06:27.400
I've pretty much always known who I was going to endorse,
01:06:32.820
You know, the voting's starting, and I thought this was a good time.
01:06:37.140
Mr. President, have you put any thought into potentially endorsing someone to run against J.B. Pritzker,
01:06:43.040
like darren bailey or well i like darren bailey jb brisk is a slob of a governor you know he could
01:06:48.880
call me and i'd send the national guard in chicago would have no crime look at washington dc
01:06:54.320
did you see the crime stats it's down to like nothing people go to restaurants now
01:06:58.160
uh new restaurants restaurants are all being closed in washington now they're building new
01:07:02.240
restaurants it's a hot city we have a beautiful city we have very little crime almost no crime
01:07:16.900
Within three months, Chicago would be a different place.
01:07:30.340
I've talked about making health care more affordable.
01:07:38.680
I reduced drug prices by 50, 60, 70, 80 percent,
01:08:00.720
Prices of drugs have gone down 70, 80, 90 percent.
01:08:06.880
In my administration, I got it down one-eighth of 1 percent that I thought it was great.
01:08:11.580
The first time, the only time in 28 years that it went down.
01:08:15.020
Now I got them down 50, 60, 70, and even 80 percent.
01:08:28.020
But the next time you come here, those columns will be standing even taller.
01:08:36.400
like you said kind of the military was like what was the architecture actually the underneath
01:08:40.480
part's good question it's far more complex than the upper because what you don't see are the floors
01:08:45.680
that are beneath beneath here and they have very very uh important rooms down there very the most
01:08:51.840
important this was the one opportunity for the military to do something you know they came normally
01:08:58.400
i'd build a ballroom on flat land i wouldn't have any of this i'd have a it would have been built
01:09:02.880
I would very fast I'm a very fast builder we're way ahead of schedule here
01:09:07.860
but we went down six stories so it's actually far more complex than what the
01:09:14.200
easy part is up but again we have a drone proof roof we have all it's all
01:09:18.540
sealed and all of this that you see is totally sealed and we use it as a drone
01:09:23.760
port we can have unlimited drones up there and drones are what's happening
01:09:27.900
right now thank you all very much thank you thank you thank you very much
01:09:32.560
don't eat too much okay the president united states right over here president united states
01:09:40.960
that was the ballroom man you are um that is pure president trump right there uh in sales mode talk
01:09:50.640
about the ballroom today uh the hill had a article about the senate was getting uh jiggy about the
01:09:58.000
the ballroom he was out there gave a big part of his national security he had a couple of
01:10:02.560
blockbusters in there we understand now um at 12 30 immediately after the show is over we believe
01:10:11.280
he's endorsing in the texas race obviously we're going to um cover that that is a monumental
01:10:16.540
decision right there he's cut he's going to endorse in the texas race um i got eric bowling
01:10:21.980
over it peter navarro is going to join us here momentarily i only got eric for a couple of
01:10:25.200
minutes. We had to blow off John Solomon. We had to blow off the guys in Georgia. There was a
01:10:29.240
temporary restraining order given by the judge in the Georgia situation. That came down while we
01:10:35.360
were covering the president. Right there, I don't have enough time to play the cold open for you,
01:10:39.500
but a couple things quick. He said in this impromptu description of the ballroom and taking
01:10:48.020
questions from the media, he was prepared to make a decision to go forward and do an attack,
01:10:53.800
and that would have taken place today when the Saudis and Qatar and UAE said they're working
01:11:01.580
together and they're coming up with something and we should have that document. He said by this
01:11:07.600
weekend or maybe early next week. Eric, right now, give us your assessment of the oil market.
01:11:13.160
I think what you've told me is that this is only three vessels have gotten out.
01:11:18.980
Three in the last 24 hours, Steve. More concerning than all of that right now.
01:11:23.800
Price of diesel fuel, $5.65 a gallon right now, all-time high, $5.81, 16 cents away on its way
01:11:31.000
there. Again, it's really interesting. There's an article. I sent you a piece, a chunk of that
01:11:36.120
article talking about the effect of the Strait of Hormuz. Originally, it was an oil issue. But
01:11:41.280
long ago, you and I talked about where the greater effects will hit the economy, will hit inflation,
01:11:46.620
and therefore will hit interest rates. And over the last couple of days, Steve, we've been talking
01:11:50.340
about the interest rates, they continue to soar higher because after Trump left Xi Jinping
01:11:56.740
and China and Beijing, the market, the bigger market, the bond market dwarfs all these other
01:12:10.100
They don't see, not that it's not going to end, they don't see that there's an immediate
01:12:17.160
And for that, they believe inflation is roaring, and that's why interest rates are now on the 30-year, almost 5.2, 5.18 now, and on the 10-year, almost 4.7, which is really, really tough numbers, especially for people who want to buy a house or have a credit card debt or almost anything.
01:12:37.540
And what it does, too, it slows down capital spending for businesses.
01:12:42.160
When that slows down, it just trickles down into employment and into spending.
01:12:48.020
The bond market has turfed out more governments than howitzers.
01:12:52.500
The direct issues with, as you warned us, with energy is now leading to people being reticent about, they'll lend to the U.S. government, but they want more money for that.
01:13:06.660
The 30-year is directly tied to people's mortgages.
01:13:09.780
And, of course, we had Pulte and these guys on.
01:13:11.360
The president wants to make a big issue about affordability in housing, right, for young people.
01:13:16.640
The 10-year is your credit card, your student loan, any home equity loan you have, your auto loan, all of it.
01:13:28.400
I mean, Scott Besson, this has to be dealt with, does it not?
01:13:31.540
Because of everything else people have been talking about, this is the signal, not the noise.
01:13:39.380
And I love you, Steve Bannon, since 20-whatever, 20-0, 20-aught.
01:13:46.540
My issue is right here, we are listening to President Trump.
01:13:49.920
After the 12-day war in June of last year, we obliterated their ability to deliver a nuke for the foreseeable future.
01:13:57.820
Now we're talking we can't allow them to deliver a nuke for the foreseeable future.
01:14:02.940
I just got to know which one it is because right now, I tell you, most markets are now not listening to what both sides are saying.
01:14:08.720
They're just going what they see, and what they're seeing is higher pump prices, which will turn into higher food prices, which will turn into higher inflation, which basically handcuffs the Fed from doing anything, anything but raising.
01:14:21.780
So it's either going to be a raise or stay still, and if they stay still, you'll likely get higher inflation.
01:14:26.700
They're really, really putting the clamps on it.
01:14:28.620
And to say, just wait till this war is over and gas will drop like a rock, no, oil may, but gas will stay elevated for 30, 45 days.
01:14:37.300
I just think, you know, people yell at me, you're a whiner, Bowling.
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01:14:42.140
They call me a whiner every time I'm on the war room.
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01:14:54.620
I'm doing this a long time, and this is what I'm doing.
01:15:00.540
And, you know, Scott's talking now, using this term,
01:15:03.680
take your number two pencil out, disinflation elements or disinflation things that are going
01:15:09.240
to happen, not deflation, but disinflation. What he's talking about is oil coming down.
01:15:14.060
The Persians understand they're going to, with their partners, the CCP, they're going to stretch
01:15:19.400
this out. They see a way to end Trump and end the Trump revolution. And they see that in the
01:15:23.820
midterm elections. Very, very obvious display. Eric, I know you've got a bounce. You've got
01:15:28.420
other recording. We'll be up and do a handover. We'll have more information. We'll do it if you're
01:15:33.520
so gracious we'll do a handover with you today at 4 50. how's that sound actually steve both
01:15:38.740
audiences love it so yeah we we absolutely open an invite my friend every day if you if you can
01:15:43.960
if you can get to appreciate by the way this inflation is healthy in a good economy deflation
01:15:49.480
is deadly in a faltering deflation deflation is terrible no can't handle thank you sir appreciate
01:15:56.520
you for sticking around we had to juggle a lot john solomon we missed but we're going back to
01:16:02.360
the White House, Dr. Peter Navarro, going to make it all make sense for us. Short break.
01:16:21.120
Everyone's focused on how the conflict in the Middle East is raising oil prices,
01:16:24.700
but there's another grim reality to this contention. Oil isn't the only resource being
01:16:31.120
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01:16:37.320
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01:16:42.680
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01:16:48.260
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