Bannon's War Room - Episode 5538： Inflation And What Comes Next

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:00:11.000 these people here's not got a free shot all these networks lying about the people the people have

00:00:17.600 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:21.360 the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:24.940 like that go to share the big line? MAGA Media. I wish in my soul, I wish that any of these people

00:00:32.760 had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save

00:00:40.420 my country, this country will be saved. War Room. Here's your host, Stephen K. Band. 0.62

00:00:47.820 thursday 23 july year of the lord 2026 uh we're neil mccabe still with us neil um i want your

00:00:57.480 final thoughts we're going to cut you loose and let you get into the briefing room the crack

00:01:02.360 uh production and directing team in denver which guides us here as we do our thing here in the

00:01:09.420 war room tells me that it may be a few minutes late and these guys are very rarely wrong

00:01:13.300 mccabe your closing thoughts sir and observations

00:01:16.020 yeah i just want to uh i really want to touch on what you said before about legislation the

00:01:23.640 the legislative calendar in washington dc is more important than politics or policy it runs from the

00:01:30.620 state of the union to the fourth of july that's why the one big beautiful bill passing on the

00:01:36.300 third of july was so significant from july 4th to maybe the lame duck session you're not going to

00:01:43.060 get anything done. And so it really is an opportunity lost. And in many ways, the Senate

00:01:49.500 Republicans led by Thune were running out the clock because if they could get past July 4th,

00:01:55.600 they knew nothing was going to get done. Second thing I want to say is, you know, being actually

00:02:00.460 in Georgia, you know, whenever you travel, you want to grab the local papers. You want to see

00:02:05.320 what's going on locally. Rick Jackson has a life story that's out of Charles Dickens. And they just

00:02:13.140 respond to him. They bonded with him. The crowd loved him. When he spoke with President Trump on

00:02:19.020 stage, he said if he's elected governor of Georgia, he wants the state of Georgia to match the federal

00:02:24.920 contributions to the Trump accounts. And he said, and if the legislature doesn't do it, I'll do it

00:02:30.860 myself. I'll pay for it myself out of my own pocket. That is a king. And I think the president

00:02:36.420 responded to that, Steve. Yeah, I think the jury's still open on Jackson, but that's a topic for

00:02:42.740 another time. You nailed something very important for inside baseball. So you get past July 4th,

00:02:49.740 they know it's one of these midterm years. They know they're going to get out of town and get

00:02:54.140 back. Also, there's a technicality. DeLois Stallman brings up to me that August 5th is like

00:03:00.600 a trip, a tripwire date by federal law, I think, or at least a consent decree that there's a quiet

00:03:06.140 period like in an IPO, right? There's a quiet period. You can't get to the voter rolls. Anyway,

00:03:10.280 we'll break all that down on tomorrow's show. But a lot of work. I happen to think in laying out the

00:03:16.240 predicate you're absolutely correct that uh that um you're absolutely correct if um we can't get

00:03:24.000 save america act done shortly and people overwhelmingly support it you're going to

00:03:28.960 have to look at all the alternatives that's what i just keep saying hey at the end of the day

00:03:32.620 you're going to get to an executive order it's going to take care of this what we need to do

00:03:36.720 now is lay the predicate for all the challenges that come to that because it's going to come to

00:03:41.680 that i just don't see any path forward with tuning these guys going out of the way to block it anyway

00:03:46.220 Neil McCabe will let you get into the press briefing room and we'll talk to you this afternoon.

00:03:50.160 President's going to EPA. The Los Angeles Dodgers are coming into the White House. It's packed

00:03:54.540 today. McCabe's going to be back with us hopefully at five o'clock to talk about what went on during

00:03:58.940 the day. Neil, what's your social media, Neil? How do people follow you? You can find me on all

00:04:05.680 the socials at Reporter McCabe, Steve. Good to be with you, sir. Thank you, sir. Appreciate you.

00:04:11.220 so um bowling once again talk about the setting you're in because the this thing has been going

00:04:19.580 on in vegas for years these are people that are mom and pops they're very entrepreneur they come

00:04:23.920 to hear the best and the brightest on wall street talk about it it's always been people that actively

00:04:28.060 want to actively manage their own money at least part of their own money right they're very attuned

00:04:34.040 to like there used to be a lot of day traders a lot of people from crypto used to come in

00:04:38.380 And where's their mindset now?

00:04:40.400 Because I think this is a great, like we saw yesterday in Georgia, the audience exploded

00:04:45.560 on the Save America Act, okay?

00:04:47.860 It was exploded on the Save America Act.

00:04:50.140 The out there, there's another good proxy or indicator where people are that focus more

00:04:55.380 on the economy.

00:04:56.500 So where are their heads at?

00:04:58.720 You know, I think they're, to be honest with you, Steve, we're entrenched in the politics

00:05:02.760 and we have been for a while, but there's probably the number of people involved in

00:05:07.160 the money markets and finances, taking care of their own nest egg, trading, trying to supplement

00:05:11.900 their income dwarfs the number of people who tune into politics every day. It's a massive group of

00:05:16.960 people. And that massive group of people really moves markets, moves the economy. And

00:05:21.860 from financial people, finance people hate indecision. They hate not understanding completely

00:05:29.020 what the numbers are. You'd be wrong, but when you don't know what the numbers are, or you think

00:05:33.380 the numbers or they're telling you something that's not true, there are laws against that.

00:05:37.480 So the consensus I hear is I just wish we knew what was going on. Like you can, if we're going

00:05:44.040 to go to full outblown kinetic war with Iran, then do it already. At least we can find the right 1.00

00:05:50.220 areas to get into, get out of. I'll tell you a good example. Yesterday, one of the things I was

00:05:54.340 talking to inflation, I said, do you realize something? Yesterday, the day before, I said

00:05:59.220 Yesterday, Pete Hegseth was on Capitol Hill

00:06:01.760 testifying to the Appropriations Committee,

00:06:04.400 and they asked for $1.5 trillion.

00:06:06.860 At $980 billion last year,

00:06:09.180 it was by far the most spending on defense

00:06:11.640 any country, any year by multiples.

00:06:14.060 But they want a 56% increase in defense spending.

00:06:17.260 What does that tell you, folks?

00:06:18.580 There's plans to be more kinetic.

00:06:21.100 Like it or not, I'm a money guy.

00:06:22.500 I don't like the idea.

00:06:24.080 And I talk to people about where to start investing your money.

00:06:27.540 You need to be in drones.

00:06:28.480 You need to be in shipbuilding.

00:06:30.440 You need to be in all the technology that powers the drones in the new modern warfare era.

00:06:37.560 And it hasn't really responded yet.

00:06:39.460 And this is what people are about.

00:06:41.200 They want the information.

00:06:42.260 They want to be able to make their own decision.

00:06:43.800 But when you get one day, everything's clear, peaceful. 0.97

00:06:47.180 Let's let Iran sell oil. 0.99

00:06:49.000 They're so good. 0.94

00:06:50.520 And then, you know, five days later, we're bombing them or Saudi ships are taking incoming from Houthis.

00:06:55.840 the confusion, the indecision, I guess, on our part, really, because we're holding the cards.

00:07:03.380 The indecision is what buries traitors, people who are thinking, and when I say traitors,

00:07:06.820 I don't mean Wall Street fat cats with private planes. I'm talking about mom and pop who

00:07:11.300 grabbed me at the coffee bar and said, I'm very worried. I'm very worried about where

00:07:15.840 my nest egg is going to be. Is it going to be enough for me to retire with?

00:07:19.500 These are real people's fears, Stephen. This is why, you know, when I come on here and I say,

00:07:23.760 let's get the hell out of the Middle East 0.99

00:07:25.200 because the midterms matter. 0.80

00:07:26.900 I get lit up by the pure political people.

00:07:29.180 They only want the politics. 1.00

00:07:30.500 They only want, yeah, let's kill them. 1.00

00:07:32.460 Let's do that. 1.00

00:07:33.460 Without the realization that the American people 0.58

00:07:35.760 who are trying to put gas in the car,

00:07:37.520 food on the table,

00:07:38.740 don't want to pay $4.50 for a gallon.

00:07:40.920 Don't want to pay $100 to fill up the F-150.

00:07:43.400 Don't want to pay, I don't know,

00:07:44.860 $7 for a dozen eggs and a loaf of bread.

00:07:49.200 They want prices down.

00:07:50.800 That's what matters to people.

00:07:51.900 And guess what those people are?

00:07:52.880 they're voters we hear the loudest people in the room those are the politicians the political

00:07:58.380 people the political population the bigger number the masses are more interested in can i take care

00:08:06.000 of my family can i feed my kid can i put clothes on my child to go to school so inflation inflation

00:08:11.560 if you're on a if you're on a fixed income let me ask you for that audience out there which i

00:08:16.940 kind of call the war on posse of of retail investors or smaller investors what is that

00:08:24.340 they understand the specter of what the alternative is right now the specter of mondani the specter of

00:08:30.320 exactly what's going on in uh the specter of what's going on in uh with the democratic socialists

00:08:36.220 their solutions this because the happy talk moderates you got in the democratic party have

00:08:41.400 no stroke you're going to get democratic socialism rammed down your throat they they hear it and i

00:08:49.460 think they think it's you know things that political people people on the right fighting

00:08:54.000 with people on on the left fight about i don't think they realize the ramifications of what

00:08:58.600 socialism really is but what happens is when they're nervous about prices they vote the other

00:09:04.920 way and that's when you get socialism that's when you get a change in economic systems that

00:09:10.880 No, Steve, the fear of Iran bombing the United States generally is not even spoke of.

00:09:19.020 It's not even talked about.

00:09:20.440 The fear of Mondami spreading isn't the issue for them.

00:09:24.380 The issue for them is finances. 0.83

00:09:26.300 They vote with their wallet.

00:09:28.660 James Carville, nut job that he is, nailed it. 1.00

00:09:31.280 It's the economy, stupid, right? 1.00

00:09:32.920 He put Bill Clinton in the White House with one bumper sticker. 1.00

00:09:37.820 It's the economy, stupid. 1.00

00:09:39.300 So that's over. 1.00

00:09:40.380 over a guy although he was a minority president at 42 percent over a guy that had won uh the gulf

00:09:48.800 war and it was at 92 percent approval rating i think at one time clinton came in there obviously

00:09:53.020 ross perot had a huge thing to do with it but it shows you how quickly you can shift okay let's go

00:09:57.480 to the markets imploding you you and uh ej and tony had an absolute philip patrick had an absolute

00:10:03.680 called shot on this spacex thing it was kind of brilliant at the time you said hey they came to

00:10:09.100 you because you already own some shares they want to get you in this round you go you know what guys

00:10:12.680 i think i'm topped off uh check back with me in a month and you said hey in a month i think this

00:10:18.400 thing's i can buy it at 100 bucks at the time even in the chats people were laughing at you because

00:10:23.580 this is when the ipo they were getting super hyped now elon's sitting there going this company's

00:10:29.260 worth more than the value of the earth are people are people responding sir well steve um

00:10:38.500 You're right.

00:10:39.820 I had shares because when you're a bigger investor,

00:10:42.460 hey, we're going to get you shares.

00:10:44.140 Everyone wants this SpaceX stock.

00:10:45.880 It's going to go literally beyond the moon to Mars.

00:10:49.560 Can I get some?

00:10:50.420 How can I get some?

00:10:51.480 I got a few shares because I was a longtime trader.

00:10:55.000 And then they came to me and said, hey, I can get you more.

00:10:58.100 The day before the IPO, I can get you more.

00:11:00.400 I said, no, thank you.

00:11:01.780 And the hype was just too much.

00:11:03.580 So IPO is at $150.

00:11:05.740 It goes up to $225 a share within a week.

00:11:08.500 I was on your show saying, I think, I said, the day before, I said, Steve, I think you'll be able to buy it under $100.

00:11:14.200 You may have spit your coffee out at the time because every single headline was SpaceX's.

00:11:17.720 You can't get it. You can't get the stock.

00:11:20.280 We're at $112 right now. We're about to break $112.

00:11:23.520 We have to $250, the high.

00:11:25.700 You think you had a bad day, like a trader.

00:11:28.780 If you lose 3% of your trading book or your value or your savings, you had a bad day.

00:11:34.820 Elon Musk is down 50% of his net worth, 50%.

00:11:39.640 He lost $750 billion between SpaceX coming down $120 a share

00:11:47.520 and Tesla's down $50 a share.

00:11:49.820 They had an earnings miss late last night.

00:11:54.940 Three quarters of a trillion dollars in one week, two weeks.

00:11:58.680 what is the the the issue is now that it's not the lack of the business plan and any kind of

00:12:06.420 realistic i told people read the perspective don't take it from me read the perspective

00:12:09.840 if i'd worked on that at goldman sachs and i was there i'd been fired by the partners i should

00:12:14.720 have been fired um but when you had joint and several liability back in the old days

00:12:18.940 they would be the partners at goldman been eating this they've been eating this ipo right now right

00:12:24.480 This is important.

00:12:25.780 Goldman Sachs reported earnings last week.

00:12:27.900 They crushed it.

00:12:28.920 They made hundreds and hundreds of millions, billions of dollars, several, maybe dozens of billions of dollars on SpaceX.

00:12:37.640 In the old days.

00:12:38.860 Investors lost.

00:12:40.100 Elon Musk lost from the high.

00:12:42.100 We're all sucking wind.

00:12:44.200 I am to a much lesser extent than I could have, really.

00:12:47.680 But the banks, Goldman Sachs, Morgan Stanley, just destroyed their corporate.

00:12:52.480 Where are the customers' yachts?

00:12:54.680 Real quickly, the shorts are in the stock now.

00:12:57.240 Explain to people what shorts are and why. 0.98

00:13:00.180 And Elon has said, hey, I'm going to kill them all, right? 1.00

00:13:02.900 They may be shorting my stock, but I'm going to kill them all. 1.00

00:13:05.180 We got a minute. 0.98

00:13:05.900 Tell people what shorts are.

00:13:06.880 Very quickly, when you like a stock, if you think it's going up, you buy it.

00:13:11.380 If you don't have a position, you say, I think it's too high, which is what we were talking about then.

00:13:15.580 You can short a stock, but you have to borrow the stock from someone and short it.

00:13:19.700 You make money if the stock goes down.

00:13:22.060 You lose money if it goes up from where you're shorted it.

00:13:24.300 There are shorts.

00:13:25.340 I'll tell you what, though, Steve.

00:13:27.040 Elon Musk just declared August 6th is the end of the first quarter, which means some

00:13:32.140 of those shares that insiders hold, Musk and the employees, I think he made like 1,000

00:13:36.780 billionaires on SpaceX.

00:13:38.320 Some of those insider shares can be unlocked, which means there's going to be waves of selling

00:13:43.700 into August 6th.

00:13:45.040 I'll stand by it, Steve.

00:13:46.720 I'm going to buy SpaceX under $100.

00:13:48.360 and I don't think there's a soul

00:13:51.920 who thought I was going to be right.

00:13:53.420 Maybe you did.

00:13:56.340 But I didn't think it would be this quick.

00:13:58.940 You said, hey, check with me in 30 days.

00:14:00.720 I'll buy it under a hundred bucks.

00:14:02.040 It's getting there.

00:14:02.760 Bowling, where do people go and find,

00:14:04.580 what's your social media

00:14:05.520 so they can keep up with you at The Money Show?

00:14:08.140 Yeah, at Eric Bowling, E-R-I-C-B-O-L-L-I-N-G.

00:14:10.940 Just hit me up all social media platforms,

00:14:14.980 but also on War Room

00:14:16.660 and love to get Steve Bannon on a 4 o'clock change

00:14:18.920 over to the 5 o'clock Eastern once in a while.

00:14:22.300 Okay, we'll try to do that.

00:14:23.580 I think the Dodgers are there at the White House.

00:14:25.420 Anyway, I'll talk to you after the show.

00:14:26.580 Good luck at the money show.

00:14:27.840 People are very fortunate to have Barry Bowling out there.

00:14:30.020 Thank you, brother.

00:14:30.660 Thank you, Steve.

00:14:32.740 Short commercial break.

00:14:33.600 We're still awaiting the beginning of the press conference

00:14:36.780 at the White House.

00:14:38.300 We'll jump to that as soon as it starts.

00:14:39.760 Short commercial break.

00:14:40.600 Back in the warm in a moment.

00:14:41.480 What about Lake and Riley?

00:14:45.440 We wouldn't be celebrating America 250 if it wasn't for a strong foundation set by the framers.

00:15:12.160 Hamilton built Americans' financial foundation on the principle of sound, stable money,

00:15:17.160 a principle later embodied by the gold standard.

00:15:21.160 However, we abandoned that discipline in 1971 and have since seen inflation erode the dollar's value.

00:15:28.620 What is the foundation of your savings?

00:15:30.780 It is gold or something that can be shaken, disrupted, or devalued?

00:15:35.620 birch gold group has been helping americans solidify their savings with gold for the past

00:15:41.040 15 years they help you convert an existing ira or 401k into a tax sheltered ira in gold

00:15:48.380 learn how gold fits into your portfolio by texting my name bannon b-a-n-n-o-n to the number

00:15:55.500 989898 you'll receive a free no obligation info kit with an a plus rating with a better business

00:16:02.180 Bureau and countless five-star reviews. Let Birch Gold help build your foundation with gold.

00:16:08.440 Text my name, Bannon, to 989898. That's Bannon to 989898. Build the foundation of your savings

00:16:15.760 on something permanent. Gold has been a hedge for mankind for 5,000 years of mankind's history.

00:16:22.660 Do it and do it today. Feels like our country finally has momentum again with our leaders

00:16:29.280 fighting to restore common sense in America first.

00:16:33.800 But we've seen this before.

00:16:35.060 Conservatives get comfortable, and the left starts taking background inch by inch.

00:16:39.980 We cannot let that happen in these midterms.

00:16:43.380 America needs every one of us in the fight,

00:16:45.740 and a big part of that means supporting companies that actually stand for our values.

00:16:50.440 That's why I'm proud to partner with Patriot Mobile.

00:16:53.680 Patriot Mobile gives you premium priority nationwide service

00:16:57.320 on any of the three major U.S. networks, so you get the coverage you need, plus unlimited data

00:17:03.000 plans, mobile hotspots, international roaming, and 100% U.S.-based customer support. Switching

00:17:10.020 is easy. Keep your phone, keep your number, and activate in minutes. But Patriot Mobile is so

00:17:17.200 much more than a great wireless service. They've built a growing movement of America's defending

00:17:22.600 faith, family, freedom in the future of this country by donating millions every year to

00:17:29.280 organizations fighting for our freedoms. Go to patriotmobile.com slash Bannon or call

00:17:35.300 972-PATRIOT. Use promo code Bannon for a free month of service. That's patriotmobile.com slash

00:17:43.320 Bannon or call 972-PATRIOT to make the switch today. Here's your host, Stephen K. Bannon.

00:17:52.600 When you talk about costs, one thing, and this is the beauty of what Obamacare did to

00:17:59.040 us, now that the underwriting, the federal kind of bailout, what I call it, of the Obamacare

00:18:06.280 is off, the costs there have exploded.

00:18:10.500 You hear people all the time saying, hey, I can't afford health insurance.

00:18:13.520 I got a choice between putting food on the table for the kids or paying my rent or my

00:18:18.580 mortgage or health care.

00:18:19.580 And some of these costs are explosive every month.

00:18:21.820 There is an alternative, but you've got to understand why this is an alternative and kind of buy into it.

00:18:27.980 America's HealthShare is the company or the collective.

00:18:31.840 You go to freedomforhealth.org slash Bannon.

00:18:35.760 That's freedomforhealth.org slash Bannon.

00:18:39.140 They've got a site with all the information.

00:18:41.460 More importantly, they put you in touch with the senior people running the company.

00:18:45.000 Now, this has been going on for a while, and it's been very successful.

00:18:48.780 um but you have to understand it's not traditional health insurance although it can slash your health

00:18:55.980 insurance or what you're paying for it uh you know over and over again make sure you talk to

00:19:00.840 the professionals over there and i think i'm going to have the um they've got a head chief medical

00:19:05.020 officer i also have one of the founders absolutely brilliant of how they've done this and the reviews

00:19:09.400 on it have been uh just tremendous so go to uh freedom for health dot org that's freedom for

00:19:16.740 health.org slash bannon you get a month free but the month free is not the deal this is a totally

00:19:23.440 different alternative to your traditional health insurance and i will tell you if you're sitting

00:19:28.740 there going hey my bill's too high just can't afford it anymore i think you're just dropping

00:19:32.780 it check this alternative out uh before you do it uh okay two things when he cut through all the

00:19:38.780 fog of war happening on capitol hill and i think neil gave us real inside baseball about traditionally

00:19:42.980 hey, after they get past July, they ain't doing nothing but marking time until they blow out of

00:19:47.540 here for their August recess. This August recess, you got to ask yourself, does my job do this for

00:19:54.500 me? They're going to take off right now. And they may go earlier, but they're going to take off.

00:19:59.340 They're planning on taking off, I think, at the end of the first week of August. They're not back.

00:20:03.700 They're technically not back, I think, until 14 September. So they're not coming back until the

00:20:09.100 middle of September. Then they're here for a couple of weeks. Then they're leaving,

00:20:11.880 quote, unquote, for the entire month of October, basically, to campaign.

00:20:16.540 So there's really only a few weeks left to get anything done.

00:20:20.520 This is why for months and months and months, we've been talking about Save America.

00:20:25.360 We're the only channel to cover everything live back a couple of months ago, when the

00:20:32.420 heroic Mike Lee tried to get some momentum so that you actually break the phony filibuster

00:20:37.900 we have now and go to a standing filibuster or a talking filibuster and actually bring

00:20:42.640 it home because the Democrats would eventually, after a week's crater.

00:20:47.280 The leadership in the Senate with McConnell, these guys, had no interest.

00:20:52.520 They've had no interest, really, in President Trump's legislative agenda at all.

00:20:56.800 Big, beautiful bill when you're getting tagged.

00:20:58.540 Now, the tax cuts were the last chance of supply-side tax cuts, did some great things,

00:21:02.900 particularly on taxes and tips in Social Security, some tremendous things there.

00:21:08.920 The president talked about it yesterday that resonates well as kind of populist economics

00:21:13.500 and with the MAGA base and people very, very appreciative.

00:21:17.840 But it had a whole bunch of other stuff in there, particularly for the corporations.

00:21:21.520 And it was a supply chain to start to draw jobs back here to the United States.

00:21:26.580 And as Scott Besson told you, we were getting the green sprouts of kind of this American

00:21:31.600 Renaissance of manufacturing. Now, all of that basically has been put off. There's still some

00:21:38.440 great things happening, but basically the war is overwhelming everything, not just in the opinion

00:21:45.220 polls and the actuality of how we're hitting on the economy, although there are great things

00:21:49.200 happening. You can see in the 10, in the 30, and this is why I think it's just too cavalier attitude

00:21:55.660 with the spending. The spending is part of a massive reason why there's inflation. The

00:22:03.220 spending is also one of the reasons that it's so expensive to refinance the $40 trillion that

00:22:09.500 we've got on the balance sheet. Scott Besson, he's got this issue with having to refinance,

00:22:18.980 I think, a third of it. The 10-year Treasury has now blown through the 4.5, which is always the

00:22:23.860 warning signal. And I think it's a 4.7. You should know, pull out your credit card, Bill, because

00:22:30.060 that 10-year treasury, as we tell you, is the thing that controls your financial life, whether

00:22:35.880 it's your loans, your car loan, your student loan, if you have a home equity loan, if your credit

00:22:43.080 cards, all of it's kind of based upon the 10-year treasury. And so that's exploded. And there's been

00:22:49.060 this, even on the reconciliations, people are coming up, it's just more money. They want more

00:22:53.160 money, if you want more defense spending, you have to cooperate with the Democrats to give more

00:22:57.540 social spending. Like we need more social spending. We're finding out that most of those programs are

00:23:02.760 just rife with corruption, rife with fraud. And as people try to do that, it's taking a while to

00:23:09.880 kind of get traction on that part of it. And so this is just, we're in a vicious cycle of this

00:23:17.740 kind of spending that has got to be financed somehow, and that financing is basically selling

00:23:24.580 government securities. It's getting more and more difficult all the time, although there's a big

00:23:29.460 appetite for that because the full faith and credit of the American people, and that would be

00:23:33.980 you. You're the full faith and credit that people take government securities when U.S. government

00:23:39.940 issues them that you're not going to default on, although I would argue that this continual,

00:23:45.520 So the inflation, and particularly so on Biden, kills the purchasing power of the dollar.

00:23:50.860 That's essentially a rolling devaluation.

00:23:53.500 It's one of the people so concerned.

00:23:55.900 This is the reason that gold went from $1,100 an ounce now up to over $5,000 at one time

00:24:01.580 and now over $4,000.

00:24:03.500 People are very concerned about this.

00:24:04.820 You see that at the money show.

00:24:06.500 Folks on fixed incomes are very concerned about inflation because, hey, your lifestyle

00:24:10.260 is going to radically change if nothing else changes.

00:24:13.360 OK, we're about to go live.

00:24:15.000 I want to, we're going to go live to the, they've given us the 30-second heads up, and we're going to jump live.

00:24:20.960 I will say, though, the thing we have to be fighting now and focused on in the Senate is stopping this NDAA with this ridiculous Section 219.

00:24:29.220 It cannot happen.

00:24:30.300 This is merging the two industrial bases over South and Israel.

00:24:33.440 It's just the timing's bad on that.

00:24:34.640 Let's go to the White House press briefing room.

00:24:37.180 Caroline Levitt.

00:24:37.980 Later this afternoon, President Trump will welcome the Los Angeles Dodgers back to the White House to celebrate their second consecutive World Series championship.

00:24:49.240 Tomorrow night, the president will attend the White House Correspondents Association Dinner Round 2, celebrating free speech in the First Amendment alongside all of you members of the media.

00:24:59.500 The president looks forward to finishing what he started before a despicable assassination attempt derailed the original event back in April, as we all know.

00:25:07.980 And I encourage everyone watching tomorrow night to tune in for what promises to be a very entertaining and memorable evening.

00:25:15.560 Looking ahead to next week, on Monday, President Trump will travel to Michigan to deliver remarks on the economy.

00:25:22.100 On Tuesday afternoon, the President will deliver a tribute honoring the life and legacy of his dear friend, Senator Lindsey Graham, at the National Cathedral.

00:25:31.020 And next Friday, the president will host the 13th cabinet meeting of this term of this term at Camp David, which will be a lot of fun and something different for the cabinet to experience together.

00:25:42.660 Turning now to the economy, a little more than a year after President Trump signed the working families tax cuts into law, this historic legislation continues to deliver on its promise, unleashing a genuine boom for American workers, families and small businesses.

00:25:59.120 The numbers speak for themselves. This was the biggest tax refund season in American history,

00:26:05.060 with the average refund exceeding $3,400, an 11% increase over the last year.

00:26:12.960 American families and workers claimed $82 billion in direct tax relief, and 97% of filers received a tax cut.

00:26:21.800 More than 29 million workers claimed no tax on overtime.

00:26:25.260 More than 35 million seniors claimed no tax on Social Security, and nearly 8 million workers

00:26:32.020 claimed no tax on TIPS. Thanks to the other pro-growth provisions in the working families

00:26:38.060 tax cuts, like making the 20% small business tax deduction permanent and delivering 100%

00:26:43.900 expensing for new factories, equipment, and research, the Trump administration is setting

00:26:48.380 up American manufacturers and workers to thrive like never before. Just this week,

00:26:54.160 the National Association of Manufacturers, which is the largest manufacturing association in the

00:26:59.420 country, released a detailed report showing exactly how these tax cuts are driving investment,

00:27:05.340 job creation, innovation, and long-term growth in all 50 states. In fact, I'd like to take a moment

00:27:11.480 to highlight just a few of the real American businesses that this law is helping. Pivot

00:27:17.280 Manufacturing in Arizona made the largest equipment purchase in company history after the Trump tax

00:27:23.160 cuts gave them the long-term certainty to invest with confidence. Winton Machine Company in Georgia

00:27:29.080 is on pace for the best year in its history. Ketchy Inc. in North Carolina was able to purchase

00:27:35.200 new machinery and expand its workforce by 25 percent. And Juergens in Ohio expanded its brand

00:27:41.780 new facility to increase production. And they're also paying their workers even more thanks to the

00:27:47.260 no tax on overtime provision. These are not just great statistics. These are American businesses

00:27:52.800 with the confidence to grow, hire, and invest right here at home rather than offshoring their

00:27:58.640 jobs. And a business opening or expanding in this country means more opportunity and higher wages

00:28:04.220 for American workers. It means a chance for the American dream for young families, and it means

00:28:09.300 restoring the belief that we can make and build things right here at home. This is what President

00:28:15.580 Trump promised, and it's exactly what he is delivering with the help of Republicans in

00:28:19.580 Congress. Democrats throw around the word affordability a lot, but when they had the

00:28:24.660 chance to vote for the largest middle-class tax cuts in history, they refused. If Democrats got

00:28:30.620 their way, it would have meant the largest tax increase in history, $4 trillion. 90% of Americans

00:28:37.480 would have seen their taxes go up, and it would have been a complete disaster for our economy.

00:28:42.540 That's the Democrat solution to, quote, affordability. It is raising your taxes.

00:28:47.140 So I hope the press will cover more of the massive success stories resulting from the working families tax cuts and point out that every single Democrat on Capitol Hill voted against every single common sense provision that put more money back into the pockets of the American people.

00:29:03.380 Finally, on the energy front, after this briefing, President Trump will participate in a historic ratepayer protection pledge event at the EPA headquarters down the street.

00:29:13.400 The president will expand the ratepayer protection pledge to governors, state legislatures, developers, and power providers to ensure that everyone involved in building and powering data centers pays their own way instead of passing those costs on to hardworking families.

00:29:29.220 The president will be joined by Energy Secretary Chris Wright, EPA Administrator Lee Zeldin, and several governors who have already signed on to this pledge, and it has already proven to be remarkably successful.

00:29:40.540 Nearly 200 additional stakeholders have signed on since it was first announced, including utilities, data center developers, public power authorities, co-ops, and state governors.

00:29:51.840 As a result, the pledge now covers 80 percent of all the power delivered to American homes and businesses.

00:29:58.720 President Trump's bold leadership is turning data centers from a source of concern into engines of growth and opportunity for communities across this country,

00:30:07.480 all while cementing America's dominance over China in the global AI race.

00:30:12.980 The president is ensuring the American people are never left footing the bill so private companies can benefit.

00:30:19.400 Instead, President Trump is leveraging the data center boom to deliver real, tangible benefits for working families and small businesses.

00:30:27.760 So we have a busy day here, rest assured. I'll take some questions.

00:30:30.580 And here in our new media seat, we have Cam from Town Hall. Cam, thank you for being here.

00:30:34.640 Why don't you kick us off today?

00:30:35.620 Thank you. Two quick questions. One on Congress. First off, Speaker Mike Johnson passed a continuing resolution earlier this week.

00:30:43.320 John Thunas said he wants to have a work with Democrats to find a way to fund the government.

00:30:48.220 What is the White House's stance and the best way to keep the government funded?

00:30:52.120 Well, the White House's stance is that the government needs to be funded.

00:30:55.000 This president and Republicans on Capitol Hill from both chambers, as you just mentioned, the House and the Senate Republicans want to keep the government open.

00:31:03.020 We want to work together to find ways to do that, and the White House will continue to have discussions with Senate leadership on the best path forward.

00:31:10.740 I don't want to get ahead of those conversations, but the most important thing for the American people to know is that this president and this White House wants the government to remain open,

00:31:19.500 unlike the Democrats in this town who have been acting as obstructionists.

00:31:23.280 We've seen time and time again they have chosen to block this administration, to block Republicans in Congress from keeping our government open,

00:31:30.420 which does not help anyone. And it especially hurts the American people who depend on our

00:31:35.500 government remaining open so they can access the critical services that our government provides to

00:31:39.900 so many Americans across the country. So these conversations are continuing, but I think I just

00:31:43.860 made the president's position quite clear. Thank you. And then on the Saudi Arabian nuclear deal,

00:31:49.980 what steps is the U.S. taking to get Saudi Arabia to sign the Abraham Accords?

00:31:55.120 Sure. Well, the president himself has spoken on this many times. His true social post this morning, and I will read it for those at home who missed it.

00:32:04.060 The civil nuclear deal, there will be no enrichment of material, an important point being made between the Department of Energy and Saudi Arabia,

00:32:11.660 which pertains only to non-military use, will be approved, but is totally subject to Saudi Arabia joining the very respected and successful Abraham Accords.

00:32:22.700 The United States is not opposed to civil nuclear facilities, as we all know.

00:32:27.320 Look, this is a condition that the President has spoken about many times with our Gulf and Arab allies.

00:32:34.720 He wants to see these countries sign the Abraham Accord.

00:32:37.780 It was one of the most historic accomplishments of his first term,

00:32:40.840 and it continues to be a long-term goal of his to expand those accords,

00:32:44.520 to ultimately come to a place where the Middle East can be a peaceful and stable region.

00:32:48.560 And, yes, this deal with Saudi Arabia, the energy deal, is contingent on this condition as far as the president is concerned.

00:32:55.840 So we'll continue to talk with our Saudi counterparts to get the deal finalized and hopefully see them joining the Abraham Accords very soon.

00:33:02.860 Thank you.

00:33:03.860 Gabe.

00:33:04.500 Caroline, thank you.

00:33:05.320 With regards to the Saudi nuclear deal, why was that condition not mentioned yesterday when the energy secretary announced it?

00:33:11.820 Well, look, the president is always the final dealmaker, as you know.

00:33:15.020 And this is something that he has mentioned on numerous occasions going back.

00:33:18.700 I can provide you with those statements.

00:33:20.820 And he has said if they don't join the Abraham Accords, the deal is off.

00:33:25.720 So we'll continue to have those conversations with our Saudi counterparts moving forward.

00:33:29.240 So the deal is dead if Saudi Arabia doesn't join.

00:33:31.600 And have you any indication that Saudi Arabia is even considering this?

00:33:36.120 Again, we've spoke.

00:33:37.280 The president has spoken directly with the Saudis about this in numerous conversations in the past.

00:33:41.500 And the administration will continue to engage in those conversations.

00:33:44.280 Would it be exempt from international inspections as part of this deal if it moves forward?

00:33:49.320 I don't want to comment on the specifics of the deal, as we're still, again, as I just said,

00:33:53.440 talking especially about this very important condition that the President raised this morning.

00:33:57.480 Alexandra.

00:33:58.060 Good to see you.

00:33:58.960 You too.

00:34:00.500 So, Treasury Secretary Besant voiced concern this week on China potentially distilling or stealing

00:34:06.120 AI technology from the United States, kind of manipulating it as their own.

00:34:09.960 Anthropik said that the largest distilling attack happened last month. Do you think this will come

00:34:16.140 up when the President meets with President Xi in September? Well, I have had the honor of being

00:34:21.320 part of some of the meetings and discussions between President Trump and President Xi, and I

00:34:25.260 can tell you there is always a wide range of topics that come up. I would imagine this would

00:34:30.780 be something. It's of high importance to the President and of this administration to obviously

00:34:34.900 ensure that America remains dominant in the AI race. And we're obviously tracking the particular 0.80

00:34:40.380 situation that you mentioned. I have one more if you don't mind. This week we've seen some major

00:34:43.800 players in Democrat politics voicing or alerting really on how much influence socialism, communism

00:34:51.120 has had now on kind of mainstream Democrat politics. Is there any chance that the president

00:34:55.920 would be interested or is considering working with left of center Democrats to push back on this?

00:35:01.160 Well, unfortunately, we don't seem to have too many of those left in the Democrat party.

00:35:04.900 We have literal self-proclaimed communists who are winning elections and who are claiming to be the new leadership of the Democrat Party.

00:35:13.440 I think the vast majority of Americans understand the dangers of communism.

00:35:18.180 Just look at countries all over this world.

00:35:20.060 As an example, Cuba right now is a country that is about to be a failed state because of the communist policies of the past several decades.

00:35:28.580 Communism should never be allowed to lead this country.

00:35:32.680 And the president obviously is strictly opposed to it and all the dangers that it reaps.

00:35:38.600 We've seen it happen across the world.

00:35:40.840 Meredith.

00:35:41.740 Just to continue on the Saudi nuclear deal, do the Saudis agree with this interpretation

00:35:47.200 since it wasn't part of the initial agreement?

00:35:49.580 And has the president talked to MBS since this new condition?

00:35:54.220 As you know, the president just put out this statement a few hours ago.

00:35:57.900 I don't believe he's had a call with MBS in the hours since.

00:36:01.740 However, this is something that he has raised in previous conversations and has also said many times in the past.

00:36:07.420 John, in the back, go ahead.

00:36:08.600 Thanks a lot, Carolyn.

00:36:09.460 In regards to this deal, in the past, the Saudi government has said they will not consider entering into the Abraham Accords unless and until there's a Palestinian state.

00:36:20.320 What makes you think that they're going to change their minds on their position regarding that? 0.79

00:36:25.200 Again, I won't get ahead of the president's conversations, but this is something that he feels very strongly about and has spoken about it in the past and will continue to uphold.

00:36:33.600 Can I ask you one other question?

00:36:34.900 Sure.

00:36:35.300 Just playing devil's advocate, why does Saudi Arabia get a civilian nuclear deal, but Iran doesn't get a civilian nuclear deal?

00:36:44.080 Well, again, this agreement is still being worked out.

00:36:46.700 It will eventually hopefully be finalized with the condition that the president spoke about this morning.

00:36:52.080 But this agreement in particular, as it's been discussed thus far, does give priority access for American companies and the Saudi nuclear energy program, which will ultimately benefit American industry workers and supply chains.

00:37:03.440 So the deal that has been discussed thus far and will continue to be discussed absolutely puts America first.

00:37:08.980 And that's obviously very important to this president.

00:37:11.360 Ed.

00:37:11.680 Thanks, John.

00:37:12.880 So Friday, the Section 122, the 10 percent global tariff, goes away.

00:37:17.320 Is the president going to ask Congress for an extension or what's next?

00:37:20.180 Well, I know the USTR, our great Jameson Greer, trade representative, will be having

00:37:26.840 an announcement on that very soon, later today. I don't want to get ahead of him, so I would

00:37:31.200 just tell you to stay tuned for more details.

00:37:33.040 Okay, and then one more on the President's going to have some big utility companies at 0.88

00:37:37.800 this event later on today. We're now a year and a half, so speaking to his energy, pro-energy

00:37:44.160 policies. Is he going to pressure those executives to lower energy prices, not just maintain the

00:37:49.880 prices? Well, look, as I mentioned earlier, the ratepayer protection pledge, that is a novel idea

00:37:55.140 drawn up by this president, his team, to ensure that data centers and communities where those

00:38:00.760 communities want data centers, that these big CEOs and energy companies are picking up the tab for

00:38:06.440 the energy costs in these communities. So the American taxpayer are not being fronted with

00:38:10.380 those bills. And the pledge today is being expanded to acknowledge all elements involved in building

00:38:16.080 and operating data center, the governors who appoint the state regulators, who set the power

00:38:20.480 prices, the utilities and the co-ops that sell the power, and in addition to the tech companies that

00:38:25.580 have already signed the pledge. So you'll continue to hear more about that from the president in a

00:38:29.580 few hours at 2.30 when he goes over to the EPA. Sophia. Have you spoken to the president about

00:38:35.760 what he wants to do about Chinese AI models if they are found to have stolen American IP? Does

00:38:42.600 he want to sanction them? Or what actions can be taken without undermining broader U.S.-China

00:38:47.580 trade talks or cutting off American startups that are increasingly reliant on them?

00:38:52.440 Sure. Well, I won't get ahead of the President on any potential actions, but obviously these

00:38:57.060 conversations are taking place. And again, they're of the utmost importance, not just for our national

00:39:01.380 security, but to ensure America remains dominant in this space. Stephen.

00:39:05.280 Thank you, Caroline. Two questions. Has President Trump spoken with FIFA President

00:39:10.900 Gianni Impatino about his interest in nominating him for U.N. Secretary General. Can you explain

00:39:15.880 his interest there? And secondly, just a minor point of clarification on the Saudi nuclear deal.

00:39:21.280 Did Prime Minister Netanyahu request this provision? Not to my knowledge, no. Again,

00:39:26.040 as I told you, this was an idea the president has long had. It was the president and his team in the

00:39:31.500 first term that began and signed the Abraham Accords with several countries in the region,

00:39:37.500 between those countries and Israel.

00:39:39.460 And the President obviously wants to expand

00:39:41.400 on that historic accomplishment from his first term.

00:39:44.060 To your first question about Gianni Infantino,

00:39:46.960 I don't know if he and the President have discussed that.

00:39:49.700 I haven't been present for all their conversations.

00:39:51.600 I know they speak quite frequently,

00:39:53.400 and the President has a lot of respect for Gianni

00:39:55.700 and what he has done with FIFA.

00:39:57.360 As we all just saw, the World Cup

00:39:58.920 was a tremendous success here at home.

00:40:01.580 It not only was hugely beneficial to our businesses

00:40:05.540 in our local economies across the country,

00:40:07.920 but I think it showed that America is the greatest country on Earth,

00:40:10.920 and the President is grateful to Gianni for all of the efforts

00:40:13.900 that he had to make that dream a reality here in the United States.

00:40:18.640 Danny.

00:40:19.360 Thanks, Caroline.

00:40:20.540 Is President Trump or the administration,

00:40:23.080 do they have any plans to intervene in the extradition process

00:40:26.540 for the Tate brothers?

00:40:27.940 No, we've already answered that question.

00:40:29.940 Elizabeth.

00:40:30.520 Thank you, Caroline.

00:40:31.120 Secretary Mullen said that election officials

00:40:33.220 that knowingly allowed non-citizens to vote could be prosecuted and fined.

00:40:37.960 Is this option being considered in New Jersey after the governor revealed that thousands of non-citizens were registered to vote there?

00:40:43.860 Well, for any prosecutions, obviously, I would always defer you to the Department of Justice.

00:40:47.760 But what I will say on New Jersey and this governor,

00:40:50.660 the fact that she just all of a sudden decided to put out a press release saying

00:40:53.900 President Trump and Republicans have been right about non-citizens on our voting rolls is not a coincidence.

00:40:59.200 I think this governor is saying this because she realizes this administration is serious about getting to the bottom of illegal aliens voting and being on our voting voter rolls in our country.

00:41:10.360 The secretary of Homeland Security, as you know, sent a letter to several states, including New Jersey, requesting that noncitizens that are on their voter rolls need to be reported to DHS and need to be removed from those voter rolls.

00:41:22.820 So that's why all of a sudden she is speaking truth about the fact that this does take place in states across the country. 0.99

00:41:29.020 It is completely unacceptable to have non-citizens on American voter rolls voting in U.S. elections. 0.84

00:41:35.660 And she says at 6,600, we suspect it's a heck of a lot more, not just in New Jersey, but in states across the country. 0.91

00:41:41.960 The president is hell-bent on getting to the bottom of this.

00:41:44.820 And it's also why we need to pass the Save America Act to ensure that only U.S. citizens are voting in U.S. elections.

00:41:52.800 And I understand the House had a great accomplishment yesterday with passing the budget resolution,

00:41:58.400 which has as much of the Save America Act as possible.

00:42:01.360 And we encourage the Senate to move forward with passing that resolution into law

00:42:06.380 so the president can sign it into law by the August recess.

00:42:09.640 It's of the utmost importance to this president,

00:42:12.040 but also to the American people who support this bill overwhelmingly.

00:42:15.900 Mary in the back.

00:42:17.240 Thank you, Caroline.

00:42:18.140 Two questions, one on Sophia Cunningham and then on self-driving cars.

00:42:21.520 Sure. 1.00

00:42:21.720 Sophia Cunningham in the WNBA has been attacked as a MAGA Barbie for saying it's common sense for men to not be in women's sports in locker rooms.

00:42:30.580 Is the president following this story, and has he reached out to her?

00:42:34.020 I don't believe he has reached out to her.

00:42:36.580 I know he is following the story.

00:42:38.740 As you know, this is something the president feels strongly about as well, and the American people do too, 0.56

00:42:43.660 that men should not be playing in women's sports. 0.99

00:42:46.620 It's completely ludicrous that anyone could support that.

00:42:49.580 It's even more ludicrous that you do have Sophia Cunningham, a female athlete herself,

00:42:54.220 very accomplished in her own right, coming forth and speaking that truth that men shouldn't play

00:42:58.660 in women's sports. We want to protect women and girls. And the backlash she is receiving 0.84

00:43:02.800 from Democrats and left-wing fingers across the country is astonishing. They are clearly

00:43:07.460 very out of touch with the American public on this issue, which, again, is an 80-20 issue.

00:43:12.660 It's common sense. It's rooted in basic biological fact that men should not be competing against

00:43:17.940 women on playing fields across the country.

00:43:19.800 Thank you. 0.85

00:43:20.260 And then just a little bit about self-driving cars.

00:43:21.820 There's legislation right now to ban China's self-driving car technology from U.S. roads.

00:43:27.000 Does the White House have a position on this?

00:43:29.080 And broadly, how does the President feel about self-driving cars himself?

00:43:33.120 Well, you know, the President did have a red Tesla here at the White House for quite some

00:43:37.460 time, so he's a supporter of them.

00:43:39.060 I know he's purchased some self-driving cars for his family members, his grandchildren,

00:43:43.580 So I think he supports them and Americans who want to drive them.

00:43:47.580 But with that said, I don't know about the specific legislation.

00:43:51.580 I will check in with our Legislative Affairs Office

00:43:53.580 and we'll get you a statement on that.

00:43:55.580 Reagan.

00:43:56.580 One question for you on Thune and then one on Darlene Graham.

00:44:00.580 The President seemed yesterday frustrated with Leader Thune

00:44:04.580 when he was speaking in Georgia.

00:44:06.580 Is his patience running out with Leader Thune?

00:44:08.580 And then the President recently endorsed Darlene Graham

00:44:12.580 right after her appointment to Senate.

00:44:14.140 What caused him to endorse her so quickly?

00:44:17.380 The President met with Darlene 0.61

00:44:18.680 and thought she will be a great representative

00:44:21.120 for the great people of South Carolina

00:44:23.180 and will carry on her brother's legacy of public service

00:44:26.700 in that beautiful state.

00:44:28.020 So the President is fully supportive of Darlene

00:44:30.580 and her honorable decision to run

00:44:32.440 and, again, to continue her brother's legacy.

00:44:34.980 With respect to your first question on...

00:44:38.120 Remind me.

00:44:39.120 Leader Boone, his impatience is running out.

00:44:41.540 Look, the president spoke about this directly yesterday.

00:44:44.540 His patience is running out.

00:44:46.260 He wants to see as much of the Save America past as possible by the August recess.

00:44:51.440 He knows that's what the American people want to see past.

00:44:54.560 He was just traveling on the road yesterday, spoke about this,

00:44:58.440 and there was a very loud applause from the people in the audience,

00:45:02.060 the everyday Americans, because voter ID is common sense.

00:45:05.620 They want proof of citizenship in our elections,

00:45:08.540 and the president feels very strongly about that.

00:45:10.600 And I would just add, you know, the American people elected overwhelmingly Republicans to lead not just this White House, but also the House and the Senate.

00:45:20.680 The House did its job. The Senate needs to do its job, too.

00:45:23.820 I know it's a brief briefing today, but you're going to hear from the president directly twice today at 2.30 and also at 4.30.

00:45:30.220 And we will see you all tomorrow night at the Correspondence Center. Thanks, guys.

00:45:40.600 Take a short commercial break, previously scheduled short commercial break, we're going

00:45:49.980 to return to the war room in just a moment.

00:46:10.600 Everything's just beginning

00:46:29.100 But the games you want to play

00:46:33.060 Bring it on and now we'll fight to the end

00:46:35.420 Just watch and see

00:46:36.560 It's all started, everything's begun

00:46:40.180 who you trust with your health care matters too many companies have forgotten what customer

00:46:46.460 service is supposed to look like that's why i appreciate businesses that still put people

00:46:51.820 first all family pharmacy is a family owned and operated and it shows when you call you can speak

00:46:59.540 with a real member of their team including a licensed pharmacist and get answers from people

00:47:03.900 who actually care they offer more than 400 medications and getting started is very simple

00:47:10.240 complete a secure online medical questionnaire a licensed physician reviews your information

00:47:15.540 and if appropriate writes your prescription then your medication is shipped directly to your door

00:47:21.620 if you're tired of big corporations and a health care system that treats you like a number

00:47:26.420 it's worth taking a look at all family pharmacy their focus on making the process straightforward

00:47:31.860 and believe real customer service still matters.

00:47:35.680 Visit allfamilypharmacy.com.

00:47:37.800 That's one word, allfamilypharmacy.com slash Bannon,

00:47:41.160 and use promo code Bannon10 to save 10% on your order.

00:47:45.280 That's allfamilypharmacy.com slash Bannon with code Bannon10.

00:47:50.160 This is family-owned, family-operated.

00:47:53.820 These people, Michael Kunzler and his team, are absolutely terrific.

00:47:56.300 Take advantage of this today.

00:47:58.520 Here's your host, Stephen K. Bannon.

00:48:02.700 We're going to break down all the press conferences, hopefully maybe in the afternoon show.

00:48:08.760 I want to thank Denver for being top of things.

00:48:11.280 Of course, it was a shorter press conference than we thought I anticipated.

00:48:14.220 We'd go at least over an hour, maybe an hour and a half for all the topics out there.

00:48:17.720 A lot of the topics are turning to, you know, turbulence.

00:48:21.600 In fact, Axios is reporting the president's going to have meetings this afternoon, maybe tomorrow.

00:48:26.520 But a potential massive strike on Iran that would really up the ante here, more than just going to military targets, maybe civilian targets.

00:48:35.920 Axios seems to have pretty good access to the White House, has not been refuted.

00:48:39.580 We'll obviously get on all that.

00:48:40.880 But now, more than ever, in times of financial turbulence, Birch Gold, take your phone out, text Bannon 989898.

00:48:48.240 It puts you in touch with Philip Patrick and the team.

00:48:52.600 Talk to them about 401ks, IRAs, all of it that you can roll into a gold IRA with tax-deferred methods.

00:49:00.420 They're the experts at us, so make sure you check it out.

00:49:02.400 You also get End of the Dollar Empire, all of it.

00:49:05.300 Everything from Birch Gold, all the information is free, and there's no obligation.

00:49:09.340 Now, also, you talk about inflation.

00:49:11.540 You talk about having difficulty making ends meet.

00:49:15.080 Health insurance is through the roof.

00:49:17.480 We've got an alternative for you, but it's going to take some due diligence on your side.

00:49:21.100 America's Health Share.

00:49:23.180 It's under, we've got our own landing page,

00:49:25.060 freedomforhealth.org slash Bannon.

00:49:27.540 That's freedomforhealth.org slash Bannon.

00:49:30.080 Immerse yourself in the information.

00:49:31.840 Talk to the company.

00:49:32.720 It's a whole different way of looking at how to cover

00:49:35.400 your health costs.

00:49:37.120 It can be very effective,

00:49:39.320 but you need to know what you're getting into.

00:49:41.880 Freedomforhealth.org slash Bannon.

00:49:44.420 Get one month free of the shift,

00:49:45.700 but that's not the reason for doing it.

00:49:46.980 Make sure you look at this alternative

00:49:48.300 if you want to cut your cost.

00:49:49.480 uh the amy kramer is going to be with us tonight at five o'clock we got a ton of stuff to go through

00:49:54.820 on this whole ai that we've got to drill down on because behind the scenes is now more important

00:49:59.480 than ever i do want to finish on an upbeat note here an old friend of the show uh chris fenton

00:50:06.900 is with us chris you've been one of the leaders of talking about how the chinese chemist party

00:50:10.860 is influencing our uh our content they're all over the financing of films saying what films

00:50:16.680 has been in. You've written a great book about it. You also are a guy saying, hey, look, there's a

00:50:20.660 ton of woke product out there. There's all this controversy about the Odyssey as a two woke people

00:50:25.060 are coming up now and saying, hey, well, Elon put up $100 million to have to have Mel Gibson make

00:50:30.740 his own version of directly what the Odyssey says. But you've made a film, particularly one of those

00:50:35.940 classic summer films. The feedback I'm getting for people, particularly people on the conservative

00:50:41.420 of Christian Wright, is that this is really the first comedy that's done in a sophisticated way

00:50:47.000 that has a very powerful Christian message. Talk to us about it. I do want to play the trailer,

00:50:51.140 but tell us about it first. Yeah, no, it's an amazing accomplishment. I'm patting myself

00:50:57.800 on the back a little bit here because obviously I've been very much to blame in terms of a lot

00:51:02.740 of the offshoring of what we were doing manufacturing-wise in the TV and film business,

00:51:07.180 And on top of it, bringing in very subtle soft power messaging from Beijing and China itself for the globe. So this movie is 100% American. In fact, we hired 1,200 Americans to make this film. We shot it in America. And it is vintage, like Americana as far as a story.

00:51:27.860 It's a summer camp story where we really found the nuance between people of faith who will love it and also people that are secular by nature.

00:51:36.660 In fact, we had a preview screening last night for 200 people in Manhattan Beach, which, you know, well, is probably 50 50 faith based and not.

00:51:44.600 They loved it. And in fact, one of my good friends who's a CEO and also a member of the Bohemian Grove, if you can believe that,

00:51:52.720 came up to me and said i am so happy that you showed me that re-showed me the quality of

00:51:59.660 american-made product through this movie because we have really screwed up the way we've handled

00:52:05.260 this globalism over the last several decades and we need to return manufacturing here

00:52:10.340 chris let's play the reason i think people love this is that if you if you're not faith-based

00:52:15.320 it's just a great little comedy summer comedy that kind of thing you go in the theater and

00:52:19.480 have a good time if your face face has got a very powerful and strong message let's play the let's

00:52:24.080 play the trailer and we'll come back to you

00:52:25.820 your fraternity is still on probation you're not throwing a party tonight are you are you oh so

00:52:34.460 close to me booty we can almost taste it oh we are beta alpha delta you and i will never forget

00:52:43.420 In the night we won't remember, boys!

00:52:47.740 Public intoxication.

00:52:49.840 Destruction of school property.

00:52:51.360 Disturbing the peace.

00:52:53.100 Rather than allowing this mistake to ruin our lives.

00:52:56.040 Let's make good out of it.

00:52:57.160 So, community service.

00:52:59.220 Dude, how are we going to get 120 hours in two weeks?

00:53:02.000 Oh, whoa, whoa, whoa!

00:53:03.260 Aren't you an answer to my prayers?

00:53:05.160 I am.

00:53:06.220 We're looking for more male counselors for Camp Burning Bush.

00:53:10.240 Tyler, in order to make this work, we've really got to do our homework.

00:53:12.960 If your Bible's falling apart, chances are your life ain't.

00:53:15.660 Come on.

00:53:16.300 So good.

00:53:17.380 Peace be with you, Fythe.

00:53:18.520 You can just call me Tom.

00:53:20.120 You tell me a little bit about your walk.

00:53:22.000 My walk is fast.

00:53:23.560 Nah, his walk is steady.

00:53:24.660 Steady.

00:53:25.160 We ain't taking no.

00:53:27.100 Let's get the rest of these bags on the bus and then it is all aboard. 0.99

00:53:30.020 Choo-choo.

00:53:31.020 Is the seat taken?

00:53:31.740 Actually, we're supposed to sit with one of the campers.

00:53:33.580 Let me see if I can find your guy.

00:53:35.500 Oh, there he is.

00:53:36.820 Would you rather smell like a foot or look like a foot?

00:53:42.580 Is everyone excited for camp?

00:53:46.100 Yeah! 1.00

00:53:47.700 Whose idea was it to come to this stupid camp? 1.00

00:53:50.340 Attack! 1.00

00:53:51.780 Oh, no. 0.98

00:53:53.580 I hate kids.

00:53:54.780 We're not supposed to be on our phone. 1.00

00:53:55.920 All right, keep that little 10-year-old mouth shut. 0.97

00:53:57.640 I'm 12. 0.95

00:53:58.180 Then let's start acting like it, yeah?

00:53:59.540 I hate camping. 0.80

00:54:00.660 And we're not Christians.

00:54:02.220 Our father does art in heaven.

00:54:04.960 Hello!

00:54:05.860 Be your name.

00:54:06.480 We ain't taking no...

00:54:08.480 I'm on to you.

00:54:10.300 We've got to come clean.

00:54:11.240 You say something, we get kicked out.

00:54:15.280 That's great, bud.

00:54:16.500 Is that you and your dad?

00:54:17.420 It's you and me.

00:54:18.400 Who are you, Grayson?

00:54:19.780 I think I'm still trying to figure that out.

00:54:22.540 It's time for a counselor makeover.

00:54:26.620 One.

00:54:27.440 So good.

00:54:28.500 So good.

00:54:32.120 Tyler!

00:54:33.960 Hey, Shadow, have you seen Tyler?

00:54:35.980 Nope, sorry.

00:54:37.780 Okay.

00:54:38.740 Tyler!

00:54:41.240 Chris Fenton, we got about 45 seconds.

00:54:49.400 Where do people go see this film?

00:54:50.820 I want to make sure people get an opportunity to go where they see it in the theater.

00:54:54.920 Yeah, so go to badcounselors.com.

00:54:58.580 You can find tickets and theaters that are playing right by you right there to go see it.

00:55:03.080 Go celebrate American-made.

00:55:05.580 Let's get President Trump to push through initiatives to help us bring back the 3 million jobs that fill this ecosystem, where 80% of them are outside of California and Los Angeles.

00:55:16.300 We're talking Georgia, Tennessee, Kentucky, North Carolina, where we shot this.

00:55:20.900 This is an American situation that we've got to take care of.

00:55:24.580 Lots of great jobs for lots of great Americans.

00:55:27.120 One more time.

00:55:28.100 Where do they go right now to see where they're going?

00:55:30.180 BadCounselors.com.

00:55:32.920 It will be in 700 theaters nationwide.

00:55:35.580 Why? Fenton, great job. Talk to you after the show. Great job.

00:55:39.800 Charlie Kirk is next. The Charlie Kirk Show. We're back here at five o'clock.

00:55:43.400 A lot going on today. See you then.

00:55:58.200 Most Americans are forced to spend too much money on health care and getting too little in return.

00:56:03.720 If you're one of the millions frustrated by traditional health insurance, I want to tell

00:56:08.400 you about America's health share. Go to Freedom for All Health. That's freedomforallhealth.org

00:56:16.560 slash Bannon. Now that's a mouthful. Freedomforhealth.org. That's freedomforhealth.org

00:56:24.580 slash Bannon. And discover why tens of thousands of patriots are joining America's health share.

00:56:31.580 America's HealthShare reduces your health care costs by an average of 60%, and it's accepted everywhere.

00:56:38.800 In other words, say goodbye to out-of-network limitations.

00:56:41.920 They make health care affordable, transparent, and aligned with your values, free from surprise bills or skyrocketing premiums.

00:56:50.780 For as low as $68 a month, an individual can get great health care coverage, minus the complications and price gouging from health care providers.

00:56:59.560 You can completely scrap your current insurance or use America's health share to supplement your existing policy, even with Medicare.

00:57:08.660 Simply go to freedomforhealth.org.

00:57:11.440 That's freedomforhealth.org slash Bannon to learn more.

00:57:15.920 Right now, new members get their first month free with promo code Bannon.

00:57:20.680 It's time to make America healthy.

00:57:23.540 Join the community of patriots taking back control of their health care.

00:57:27.220 That's freedomforhealth.org slash Bannon.

00:57:30.780 Freedomforhealth.org slash Bannon, promo code Bannon.

00:57:34.360 Make sure you go check it out.

00:57:36.240 Immerse yourself in the details of America's health share.

00:57:39.120 You will not regret it.

Bannon's War Room - July 23, 2026

Episode 5538： Inflation And What Comes Next

Episode Stats

Summary

Transcript