Bannon's War Room - September 24, 2026


Episode 5686: High Stakes Trump - Xi Summit

Hosted by
Mentioned
Episode 5683: RAV And Being The Future Of Media For The White House

Episode Stats


Length

1 hour and 3 minutes

Words per minute

112.12

Word count

7,127

Sentence count

426

Harmful content

Misogyny

4

sentences flagged

Hate speech

12

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 said in a quote, this is a strong ruling vindicating freedom of the press, due process
00:00:06.040 on the rule of law. We greatly appreciate the court's swift action.
00:00:10.900 Breaking news overnight. A federal judge has ordered the White House to immediately lift
00:00:15.760 its ban on three media outlets, including MSNOW. Overnight, U.S. District Judge Timothy
00:00:21.840 Kelly issued a 14-day temporary restraining order restoring access to MSNOW, CNN, and
00:00:29.380 Politico, while ruling Trump's ban on the outlets is likely unconstitutional. The judge also rejected
00:00:36.120 the Trump administration's argument. The ban was motivated by national security concerns.
00:00:42.820 Lawyers for all three outlets argued the ban was unconstitutional, retaliatory, and inhibits
00:00:49.000 lawful news gathering. Earlier this week, Trump posted on social media he expected the, quote,
00:00:55.280 totally disloyal Judge Kelly, who Trump nominated during his first term, to rule against him,
00:01:01.400 adding, quote, as usual, we'll go for appeal. His order, that is what is supposed to happen.
00:01:07.500 He's unambiguous about it, that it should be the immediate restoration and return of hard pass
00:01:14.060 access to those who lost it from these three organizations. Yesterday, during the hearing,
00:01:18.640 a lawyer for the three organizations said there are 78 people across MSNOW, CNN and Politico who
00:01:25.020 are affected by this ban. So we'll see later this morning whether or not either people who are still
00:01:30.920 in possession of their passes can activate them and use them, or whether they are returned to
00:01:35.040 people like our own Akayla Gardner, who had hers confiscated from her. But in the meantime, Willie,
00:01:40.240 as you noted, this lasts for 14 days. And during that period of time, Judge Kelly has indicated,
00:01:46.060 even though the organization said we want either a temporary restraining order and or a preliminary
00:01:51.100 injunction. He's not treating the initial briefs as if they are also going to be his consideration
00:01:57.920 for the preliminary injunction. He says he's going to order more briefing so he can have a more
00:02:02.480 thorough record of what has gone on here. And he has indicated that if he has to,
00:02:07.120 he will indeed rule on the First Amendment issues that are really underlying this whole dispute.
00:02:13.660 thursday 24th september year of our lord 2026 a lot going on as we open the show you see right
00:02:22.440 there the shot of the south uh entrance to the white house um the chairman of the commies
00:02:27.420 chinese communist party she and his wife madame pung are showing up momentarily a state visit
00:02:34.320 about to kick off greeted by the president last night we covered it live here in the war room
00:02:39.060 and the John Sondland Show on Real America's Voice.
00:02:42.360 A ruling last night.
00:02:43.340 I'm going to go to Neil McCabe momentarily.
00:02:45.820 The show today, we're going to be juggling a lot
00:02:48.380 because we have a lot of analysis and commentary
00:02:50.820 and observations on the state of the Chinese economy
00:02:55.180 and what this means and what the means are really going to accomplish. 0.88
00:02:59.920 Plus, Caroline Run's going to talk some domestic politics, 0.99
00:03:03.120 which is all in a shirt that we link. 1.00
00:03:04.500 McCabe's at the White House.
00:03:05.560 Let's go to Parker Sig.
00:03:06.960 Parker, explain to the audience what happened last night and the full commitment of Real
00:03:15.460 America's Voice, our assets, our personnel, to continue to be a primary feed for all those
00:03:22.700 channels throughout the world, domestically and internationally, that want to cover the
00:03:26.200 president 24-7.
00:03:27.640 Parker Sig, your thoughts.
00:03:29.280 Give us an update.
00:03:31.540 Yeah, no, thank you, Steve.
00:03:32.760 So here's basically what we're looking at today.
00:03:35.120 So around 12 a.m. this morning, roughly, a temporary judgment came down, basically bringing the access back to CNN to go inside of the White House and operate as a part of the pool feed.
00:03:50.640 Again, this is a temporary judgment right now where they're looking to do this while they look into the situation further.
00:03:58.120 So what we can expect today is we can't expect to see members of the mainstream media pool back inside the White House across various components of the day, different things that are going on there.
00:04:12.180 You know, again, this is this is right now.
00:04:15.600 Nobody's shocked about this.
00:04:16.980 Everybody everybody knew that this judgment was coming.
00:04:19.520 Nobody's shocked by this.
00:04:21.280 However, I am a firm believer in the fact that the last four days has left left a lasting impact.
00:04:28.960 We've been able to go and shine a light on this situation and prove that that we are not beholden to the mainstream media.
00:04:36.780 The public's not beholden to the mainstream media to be able to get access and live footage and other things like that out to the public, other networks, etc.
00:04:48.040 And again, Real America's Voice has been the ones to step up, carry that torch, make that lasting impact, set the tone and make that statement there.
00:04:57.800 And we're going to continue to do that no matter what.
00:05:00.760 And so what I mean by that is, regardless of this judgment and the direction that it goes, we are dedicated to be in there every single day, get the coverage, the best coverage that you guys are looking for, the president and this administration,
00:05:14.360 and still provide it readily available to other networks, the general public.
00:05:20.620 That pool feed stream that's been up, that's not going to disappear.
00:05:24.440 It's going to continue on.
00:05:26.540 And, you know, again, we're dedicated to making this as available as humanly possible
00:05:34.120 to everybody in this country and abroad.
00:05:36.980 um and again i i think we've shown a we we've shown a real uh a real muscle as far as our
00:05:45.140 ability our resources uh and our dedication uh to fighting for this country and providing
00:05:51.120 real honest news okay uh parker uh we're gonna get you back on let's go live we're gonna go live
00:05:57.340 to the white house right now i think the ceremony is about
00:05:59.260 We'll be right back.
00:06:29.260 Thank you.
00:06:59.260 3-2, 3-door, 3-pop, 3-over.
00:07:16.700 3-close, 3-shud, 3-face.
00:07:29.260 ORGAN PLAYS
00:07:59.260 The South
00:08:26.460 Entrance to the to the White House. She and there's the White House feed right there from I believe that is a real America's voice.
00:08:36.520 We have our feed, but also I think ABC News is the primary feed.
00:08:39.580 Given the TRO last night, things are back in in in progress.
00:08:45.780 Of course, President Trump very much does not agree with that feed.
00:08:49.520 Do we still have Parker? Can we go back to Parker?
00:08:51.340 mccabe let's let's hey parker um we got a couple of minutes here's what's going to happen just in
00:08:58.160 the order of events and i think we're going to blow this breaker here the president and she are
00:09:02.500 going to spend a couple minutes talking and then they are both going to give dual addresses i think
00:09:08.720 from i think the top the upper uh story of the of the white house in the foyer uh those will be a
00:09:15.800 couple of minutes of kind of official statements and then um they'll get into a uh they'll exchange
00:09:21.560 gifts we're going to cover some of this maybe split screen because we've got a ton of uh guests
00:09:25.880 here about the economic situation with china what this um what the meetings today which they will
00:09:31.700 then go to after the military pass and review of what that will be parker uh i think one of the
00:09:37.600 key things that the white house understands now that they've got a backup that can provide a feed
00:09:43.660 to all totally free to all every system in the world, every network in the world, every channel
00:09:49.800 in the world, every podcast are the ones that take it. And they don't have to be they don't have
00:09:55.980 this cartel of the fake news used to have the White House by the throat. What we've figured out
00:10:02.740 in the last 72 hours is there's a a channel that can provide the exact quality of coverage in in
00:10:11.100 particularly feed camera color clarity all that uh that the uh the mainstream media which used to
00:10:18.260 have a chokehold on the white house and be able to cut it off uh if they uh if they disagree with
00:10:23.300 something is that generally correct parker yeah no that's absolutely correct um there is absolutely
00:10:30.820 a backup in this in these cases and i don't think that this battle is done i again this this
00:10:36.520 Judgment came down at 12 a.m. this morning, but I think it's far from over.
00:10:42.460 And if we think that the mainstream media is going to stop manipulating things inside of that White House and with the president, we are way, way off.
00:10:51.640 I mean, this battle will continue on.
00:10:53.820 We've got another two years with this administration where this battle will continue on.
00:10:59.400 I think it's a pressure cooker in there, especially after this given situation that's happened.
00:11:05.940 And, yeah, for the White House, I mean, they can rest assured that regardless of what direction that they go in the future, that RAV will be there as a support, as a backup, whenever we are needed.
00:11:20.340 We'll answer the call, and we will excel, and we'll get the job done at high quality and make it readily available to everybody.
00:11:28.720 you know and again like you said completely completely free i've had several people ask me
00:11:34.260 well what what are you guys charging for these feeds and what you know nothing we're not charging
00:11:38.520 anything our goal here isn't to go try to make a quick buck our goal here is to to save america
00:11:44.200 and continue to to provide the the most honest and moment-to-moment coverage uh of of the biggest
00:11:52.720 stories obviously primarily the white house and the administration that we can so we'll be even
00:11:58.660 right now, even at this moment, even with ABC back in there today as the primary pool, we have our
00:12:03.840 people there. We have them on standby. We have cameras set to deploy into various portions of
00:12:08.800 the day. A little bit of news here for you on the war room. The, you know, the bilateral that's
00:12:15.820 happening, I want to say around 11 or 1130, if I'm not mistaken. We will be in there with a camera,
00:12:22.360 with a audio engineer, and we will be providing, you know, minute to minute coverage of that
00:12:28.580 as well, directly to the general public and other networks who have requested access to the feed.
00:12:35.080 And not for nothing, in the four days that we were doing this without the mainstream media,
00:12:40.220 not a single mainstream media network had reached out to receive the coverage, receive the feed.
00:12:45.900 A handful of independent networks and independent journalists absolutely did.
00:12:51.980 And that pool at americasvoice.news inbox is extremely saturated with very, very excited and supported members of the MAGA base and the general public.
00:13:04.840 I just want to reiterate is that yesterday, with a really great camera sound, all of it, and as people know, I'm not wildly enthusiastic about this she visit or wildly enthusiastic about showing she the type of honors we are.
00:13:20.360 But that's beside the point.
00:13:21.980 It's happening. It's got to be covered and it should be covered in all appropriateness with the great Real America's voice and the war room coverage in John Solomon.
00:13:31.740 We were the only two shows to take it live. The mainstream media had every opportunity to see the historic landing of Chairman Xi and President Trump.
00:13:42.280 First time since 1962 and the only time a Chinese head of state has been met at the airport.
00:13:48.340 they didn't there wasn't one second of coverage on msnbc cbs nbc cnn they didn't take they had
00:13:56.140 every opportunity to take it but because of this fight with president trump they didn't correct
00:14:00.520 parker well and and and look and look steve i don't i don't know if you had seen this but but
00:14:05.560 what's even more interesting is not only did they not take any of the coverage uh and obviously
00:14:11.220 didn't film any of it as far as uh access there at the venue there was spaces on that media riser
00:14:19.040 marked off for the mainstream media where they actually came stood there and observed
00:14:25.420 with no cameras no equipment no gear whatsoever and they they literally took up the space uh but
00:14:33.380 refused to to do anything else unbelievable well they don't have that leverage over the
00:14:40.780 president in the White House, Real America's Voice, Rob and Parker Sigg have guaranteed that.
00:14:45.720 Parker, thank you so much. Where do people go if they want to check the feed, if they want to check
00:14:48.880 anything we're working on in all the great shows, everything Real America's Voice doing? Where do
00:14:52.720 they go, Parker Sigg? Yeah, absolutely. So as far as the pool feed specifically, for networks,
00:14:59.520 journalists, big or small, left or right, they can reach out to pool at americasvoice.news.
00:15:06.260 and we'll go ahead and interface with them there as far as getting them access to that feed.
00:15:10.920 For the general public, if you go to the Real America's Voice YouTube page,
00:15:14.720 you'll see the 24-7 live stream up there.
00:15:17.840 That'll have the moment-to-moment access as well.
00:15:20.500 All of these feeds are completely clean, non-disrupted, ready to be used,
00:15:26.340 however these outlets or even general public want to use them.
00:15:31.280 And then as far as other minute-to-minute updates from Real America's Voice,
00:15:35.500 Obviously, follow us on all social media platforms, Real AM Voice.
00:15:40.340 And then for myself personally, it's just Parker Sig on any of the social media handles.
00:15:47.080 And tomorrow, I just want to give everybody a heads up.
00:15:49.360 Tomorrow in the morning show, we're going to have with Parker and some others are going to have a big announcement on a new very early morning show that will launch, I believe, on Monday.
00:15:58.680 So we'll get more information about that.
00:16:00.060 also Chad Prather once we get through the Chinese coverage tomorrow or the bulk of it uh we'll have
00:16:06.360 Chad Prather on Parker or Chad Prather uh never forget I think is number eight on the billboard
00:16:11.800 charts am I correct yeah absolutely the uh the the billboard charts have came in they're official
00:16:17.980 they were a day late or so uh due to Yom Kippur uh but those came in uh we ended up landing at the
00:16:23.900 number eight spot uh above macklemore which was a very interesting one considering uh his his
00:16:31.040 single cover had a palestinian flag on it and uh our song never forget uh obviously ran right over
00:16:37.080 the top of it um so we're extremely excited about everything we're doing at real america's music
00:16:42.420 uh and we're going to continue to grow and expand and and reach people in every facet of life
00:16:49.200 whether that's political news, whether that's music, whether that's entertainment, comedy,
00:16:55.160 you name it, we're on it. Sir, thank you so much. Parker, look forward to getting back to you. We've
00:17:01.660 got a big day here today at RAV and at the War Room. Thank you so much. Great coverage.
00:17:07.460 Thank you. Providing the White House and President Trump and the Trump administration
00:17:12.360 needed leverage against the mainstream media. Okay, we've got people, you're going to come on,
00:17:18.320 A bunch of articles out this morning that I think both the Wall Street Journal and the Washington Post, like David Lynch, the author of this fantastic book on globalization, did a real deep analysis why the Chinese economy is probably in its worst shape since 1991.
00:17:36.540 And the Wall Street Journal followed that up with another very deep analysis how the Chinese economy is not working right now.
00:17:45.260 We're going to get to all that.
00:17:46.260 We're going to juggle.
00:17:47.040 Ren's going to join us.
00:17:47.820 we have let's go to neil mccabe with okay fine uh we're going to as soon as neil mccabe is fully
00:17:54.900 set we'll go to neil mccabe at the white house momentarily we're going to go and cut to uh
00:18:01.340 president trump and president xi is going they're going to give a kind of a joint statement to kick
00:18:07.480 things off and then there's going to be a you know sharing of the gifts between the two first ladies
00:18:11.880 some traditional greetings that are done both when the president went to China and then 0.99
00:18:18.220 obviously Xi coming here to the United States. Then there will be a military review different
00:18:23.560 than yesterday. Yesterday was a couple of, I think every service had an honor guard
00:18:27.260 in a greeting at the airport today. It'll be much more, it'll be along the lines of what the
00:18:33.100 King Charles, maybe a little expanded, but along the lines of what King Charles had when he came
00:18:38.960 to the White House, and President Trump greeted him.
00:18:44.800 Do we have the article?
00:18:47.040 CNBC's lead article this morning was about how the Chinese Communist Party in China
00:18:57.100 believe they're positioned in artificial intelligence, and particularly in chips,
00:19:03.160 that they cannot be, and I quote from the article, they cannot be choked off.
00:19:09.540 Gosh, where have I heard choked off before?
00:19:11.460 Oh, yeah, that's right.
00:19:12.420 That's the term I used specifically when I gave the speech at the humans conference.
00:19:21.820 Okay, let's cut right now.
00:19:23.120 We're going to go back to the White House.
00:19:25.000 I'll continue this right afterwards.
00:19:28.480 Ladies and gentlemen, the President of the United States, Donald J. Trump, and the President of the People's Republic of China, Xi Jinping.
00:19:38.960 Ladies and gentlemen, the national anthem of the People's Republic of China,
00:20:03.740 followed by the national anthem of the United States.
00:20:08.960 Thank you.
00:20:38.960 Thank you.
00:21:08.960 Thank you.
00:21:38.960 Thank you.
00:22:08.960 Ladies and gentlemen, please be seated.
00:22:24.640 Ladies and gentlemen, the President of the United States, Donald J. Trump.
00:22:31.200 Thank you very much. It's a great honor.
00:22:33.400 President Xi, Madam Peng, and the members of the Chinese delegation, I'm delighted to welcome
00:22:47.600 you to the beautiful White House, such a great honor.
00:22:53.060 In May, we had the great privilege of visiting you in Beijing, where you received our delegation
00:22:59.400 with spectacular and very beautiful hospitality.
00:23:03.680 Now, Melania and I are honored to host you in Washington
00:23:08.080 as President Xi becomes the first ever Chinese leader
00:23:12.280 to make a second formal state visit to America.
00:23:29.400 From the time of my first election in 2016,
00:23:54.400 President Xi and I have forged a friendship,
00:23:57.400 A truly great friendship, actually, built on mutual respect and the vital interests of our people.
00:24:03.820 We have spent time together all over the world, from Germany to Argentina, Japan to South Korea, and Beijing to Palm Beach, Florida.
00:24:13.300 But remarkably, this is our first time meeting together here at the White House.
00:24:18.040 And as President Xi has already seen, a lot has changed since he was last here.
00:24:23.980 自从2016年我首次当选以来
00:24:30.320 习主席和我建立起了一份伟大的友谊
00:24:34.360 这份友谊是建立在相互尊重
00:24:37.740 和两国人民的根本利益的基础之上
00:24:40.900 我们从在世界各地共度时光
00:24:44.660 从德国到阿根廷
00:24:47.020 从日本到韩国
00:24:48.960 从北京到中旅滩
00:24:51.480 但令人惊讶的是这是我们第一次在白宫相聚
00:24:56.420 正如习主席自己可以看到
00:24:59.540 自他上一次来访以来这里发生了很多变化
00:25:21.480 including the Declaration of Independence and the United States Constitution, and the Bill of Rights.
00:25:51.480 美国宪法和权力法案。
00:26:21.480 relationship.
00:26:51.480 We have a very good relationship between two countries.
00:27:21.480 American farmers and ranchers.
00:27:51.480 During this visit, we will also discuss pressing issues concerning security, technology and superintelligence, SI.
00:28:01.480 The decisions we make in these areas today can promote peace and prosperity for decades and decades to come.
00:28:10.480 If we focus on our common interests, I'm confident there is much
00:28:40.080 we can achieve throughout history pursuit of those common interests has connected our people across
00:28:47.200 the vast oceans those big tremendous distances and many differences and even made us allies in
00:28:55.840 world war ii look at the greatness that we had together fighting in world war ii brave american
00:29:02.800 pilots volunteered to come to china and fight for the very survival of the legendary country and
00:29:10.080 that legendary Flying Tigers group, they were just unbelievable.
00:29:40.080 And it was the United States Marines' encounter with Chinese people that inspired the Marines 0.98
00:29:55.740 to adopt a Chinese phrase they still use today, gung ho.
00:30:01.260 The Marines use it as an expression of great enthusiasm, but in Chinese it literally means
00:30:06.980 working together.
00:30:09.740 而美国海军陆战队与中国人民的接触也启发了陆战队采用了一个沿用至今的中文词语,公和。
00:30:20.700 海军陆战队用它来表达极大的热情,但在中文中,它的字面意思是一起工作。
00:30:28.400 Just as our people worked together to win that war, President Xi and I will continue working together to forge a better future for both of our nations.
00:30:40.480 President Xi, Madam Peng, thank you once again for making this historic visit, and welcome to the United States of America. Thank you very much.
00:30:50.860 正如我们两国人民曾携手赢得那一场战争的胜利,
00:30:56.680 习主席和我将共同继续携手合作,为两国开创更美好的未来。
00:31:02.700 习主席、彭夫人,再次感谢你们进行这一次具有历史意义的访问。
00:31:09.980 欢迎来到美国。
00:31:11.700 欢迎来到美国。
00:31:12.700 谢谢。
00:31:13.700 谢谢。
00:31:15.700 Ladies and gentlemen, the President of the People's Republic of China, Xi Jinping.
00:31:27.700 Thank you.
00:31:57.700 I'm very happy to join the United States of the United States.
00:32:06.700 I thank Trump and his wife for giving me a lot of love and my wife.
00:32:16.700 First of all, I represent 14 million Chinese people.
00:32:22.700 Honorable President Donald J. Trump and Mrs. Melania Trump, members of the U.S. delegation,
00:32:45.700 ladies and gentlemen, dear friends, I'm very glad to pay a state visit to your beautiful
00:32:52.680 country, the United States of America. Thank you, President Trump and Mrs. Trump, for the warm
00:32:59.960 hospitality you have extended to me and my wife. On behalf of the 1.4 billion and more Chinese
00:33:07.380 people, I wish to begin by extending sincere greetings to the American people and warm
00:33:14.240 congratulations on the 250th anniversary of the U.S. independence.
00:33:44.240 both China and the United States are great countries, and both the Chinese and American
00:33:54.860 peoples are great peoples. I am visiting the United States at President Trump's invitation
00:34:01.180 to carry on our friendship, expand cooperation, and promote the well-being of both our peoples.
00:34:14.240 Facing the changes in our world, in our times, and of historical significance today, China
00:34:35.440 and the United States, as two major countries, shoulder a historic responsibility of advancing
00:34:42.940 human development and progress.
00:35:12.940 Mr. President, during our visit to China this year,
00:35:19.940 we agreed to build a constructive China-U.S. relationship of strategic stability,
00:35:25.680 and this is widely welcomed by the people of our two countries and the international community.
00:35:32.340 I am ready to work with you to steer the giant ship of China-U.S. relationship
00:35:37.560 on a steady course toward the future.
00:35:40.220 Thank you.
00:36:10.220 We should strengthen communication.
00:36:29.540 China and the United States are different in national conditions,
00:36:33.560 but through candid, in-depth and continued dialogue,
00:36:38.000 our two countries can understand each other better, seek common ground while shelving
00:36:44.580 differences, and build up mutual trust. President Trump and I have respect for each other.
00:36:52.280 We have built personal rapport and stayed in touch. We encourage our government departments,
00:36:59.700 such as those in charge of foreign affairs, economic matters, financial cooperation,
00:37:05.080 law enforcement, and people-to-people exchanges to catch up on strengthening contact,
00:37:11.520 and we support our legislative bodies in increasing exchanges.
00:37:35.080 The developing universe is now expanding.
00:37:41.540 Welcome to the American companies to invest in the development of countries
00:37:46.720 and hope to be healthy because of the countries as we speak.
00:37:50.580 Fieldtime collaboration setting and current transformation advert syphilis.
00:37:54.860 The US is an energy margin of force. 0.60
00:37:55.620 Its power is also harus big.
00:38:00.820 stable and encampillator
00:38:02.520 We should cooperate with sincerity.
00:38:24.520 The interests of China and the United States are deeply intertwined,
00:38:28.960 and there is plenty of room for us to work together.
00:38:33.660 China-U.S. cooperation may not solve every problem in the world,
00:38:38.360 but without our cooperation, it would be hard to solve many of the world's problems.
00:38:45.280 China keeps its door wide open, welcomes American companies wanting to invest and do business there.
00:38:53.060 We hope Chinese companies are treated fairly here in the United States.
00:38:59.780 Working together, we can lengthen the list of cooperation and shorten the list of issues.
00:39:06.660 Both China and the United States are leading nations in artificial intelligence.
00:39:12.620 We have both the capability and responsibility to develop and manage AI for good
00:39:18.960 and ensure that the development of AI is always under human control
00:39:24.400 and serves the well-being of the people.
00:39:27.740 On counter-narcotics and law enforcement,
00:39:30.800 the Chinese side is willing to strengthen cooperation with the United States.
00:39:36.120 Our two sides may also increase direct flights
00:39:39.080 to facilitate two-way travel and trade.
00:39:43.920 We must be peaceful.
00:39:46.100 Thank you very much.
00:40:16.100 We should co-exist in peace.
00:40:38.040 As I have said many times,
00:40:40.880 China and the United States as two major countries
00:40:44.480 stand to gain from cooperation, and we'll both lose in confrontation. We do not need to avoid 0.72
00:40:51.940 mentioning competition, but our competition should be a healthy one and should be kept
00:40:57.960 within bounds. It should be a race of catching up with one another, not a wrestle in which one
00:41:05.260 either wins or loses. China and the United States must hold the line of no conflict and no
00:41:13.460 confrontation between us. And we can certainly find the right path for two great countries to
00:41:21.500 get along on this planet we both call home. Our two militaries should maintain regular dialogue
00:41:28.940 and improve mechanisms for crisis communication and prevention. The Thucydides trap can be overcome.
00:41:43.460 In the second century, the United States was in the war.
00:41:50.460 This is what the President said. 0.90
00:41:54.460 In this history, the Chinese people will not forget.
00:41:58.460 The American people will not forget.
00:42:01.460 The United States' relationship is in the future.
00:42:06.460 The future is in the future.
00:42:09.460 Like President Trump mentioned earlier, during the Second World War, Chinese and Americans fought shoulder to shoulder against fascist aggression.
00:42:31.500 Chinese people have never forgotten that part of history, nor have the American people.
00:42:38.220 The hope of China-U.S. relationship lies in our people, and its future lies with the young.
00:42:46.520 I am glad to announce an invitation for 100,000 young Americans to visit China for exchanges and study in the coming five years.
00:43:08.220 The giant panda has been an envoy of friendship between the Chinese and Americans.
00:43:23.040 Here, I have a piece of good news.
00:43:25.760 In a few days, two pandas, Ping Ping and Fushuang,
00:43:29.740 will come to their new home in Zoo Atlanta and meet with the American people.
00:43:38.220 实现中华民族伟大复兴
00:43:40.900 和让美国再次伟大
00:43:43.340 并行不备
00:43:44.880 让我们秉持人民情怀
00:43:49.120 展现历史主动
00:43:51.160 不断推进中美两国人民
00:43:53.800 友好事业
00:43:54.880 携手共建一个更加美好的世界
00:43:58.080 Ladies and gentlemen, dear friends
00:44:02.400 Achieving the great rejuvenation
00:44:04.920 of the Chinese nation
00:44:06.160 and making America great again can go hand in hand.
00:44:11.580 Let us meet the people's expectations
00:44:13.600 and show our historical initiative.
00:44:17.280 Let us keep advancing the cause of friendship
00:44:20.040 between our two peoples
00:44:21.780 and work together to build a better world.
00:44:26.520 Thank you.
00:44:30.240 Ladies and gentlemen,
00:44:31.900 please rise for the conclusion of the ceremony
00:44:34.480 and the departure of the official party.
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00:49:01.500 Okay. Caroline Wren is joining me, riding shotgun this morning. We're going to go in and out. David Lynch from The Washington Post, bringing articles. We're going to go right to David in a moment. The pomp and circumstance, this is President Trump doing exactly what she did for him when the president went over earlier in the year.
00:49:20.900 Yeah. It looks like, too, we're hearing there might be two more visits, actually. They were saying today that there's a chance.
00:49:25.980 With the G20 and all.
00:49:27.680 Or no, the president may go to Shenzhen with Besant in two months.
00:49:31.760 And then they would come to Miami again.
00:49:35.420 Well, Miami would be the G20, right?
00:49:38.040 Yeah, he would come for that.
00:49:41.860 Besant is on top of this nonstop.
00:49:45.620 Let's go to David Lynch at the Washington Post, the author of what the world's worst bet, the best book on globalization ever written.
00:49:54.140 David, you had a table setter this morning in The Washington Post about the state of the Chinese economy and how that really, I think, is a framing device for these meetings.
00:50:04.840 Given what you just heard from the president and from Chairman Xi, how does that inform your thinking around your piece, sir?
00:50:14.420 Yeah, well, thanks for having me, Steve.
00:50:16.520 I think the economic climate back in China is a lot more complex than probably most people realize.
00:50:26.700 I describe it as sort of a split-screen economy where the aspect of the Chinese economic performance that we see most clearly,
00:50:37.280 which is this sort of unstoppable export juggernaut that's really gobbling up market share
00:50:44.600 all over the world, Europe, developing countries, Southeast Asia, et cetera, really seems like a
00:50:52.600 world beater, and it is. But the domestic environment back in China is another story
00:50:58.760 altogether. And the domestic economy is quite weak. Retail sales down, wages down,
00:51:07.100 or wage growth down anyway. Youth unemployment of 19%. And so you've got this dichotomy where
00:51:15.600 you've got a very well-educated workforce. Loads and loads of young Chinese people go to college
00:51:20.680 and they're graduating and the opportunities just aren't there for them the way that they
00:51:26.920 have been in the past. And so that's something to keep an eye on. Now, I don't think Xi Jinping
00:51:33.300 feels constrained by that at all. It's a cost to some degree that I think he's willing to bear.
00:51:40.860 But it is certainly the background or the frame for this, as you say.
00:51:47.760 Let me ask you, you know, he's made a very big deal in the five-year plans to pivot. I mean,
00:51:52.220 they realized this was a problem, right? The first problem was to pull as many people out of
00:51:57.160 abject poverty into, you know, working poverty and then many into the middle class to build the
00:52:02.940 biggest middle class in world history as rapidly as possible. But they've known this issue with
00:52:08.700 domestic demand and they took, they took dramatic steps to get around, you know, get ahead of this
00:52:15.800 problem. Why has that failed? Because this has been one of his highest priorities in his time
00:52:22.380 as head of the Chinese Communist Party and the head of state, sir. Yeah, well, you're right.
00:52:28.120 The Chinese have been talking about the need to boost domestic consumption or consumer spending
00:52:33.100 for going on 20 years. In 2007, the then Premier Wen Jiabao described the Chinese economy as
00:52:41.560 unbalanced and unstable. And it was clear that they needed to move off this investment-heavy
00:52:47.840 approach that's sort of the classic East Asian development model. We saw this in Korea,
00:52:54.640 Taiwan, elsewhere. For a very poor country, obviously, folks can understand you need to go
00:53:01.660 out and sort of build all the capacity that the developed world has, the roads, the bridges,
00:53:06.560 the airports, the factories. And that kind of investment becomes the engine that drives
00:53:13.780 everything forward. Well, eventually you reach a point where you've got all the airports and
00:53:18.760 high-speed rail lines that you need, and you can't keep doing that. And you need to pivot and have
00:53:25.920 your consumers over time become what lifts up overall growth. The problem now is they had this
00:53:34.980 just gargantuan housing and property bubble, which burst five years ago. And unlike the US,
00:53:45.940 which we've had our own problems back in 2008, but 70% of the typical Chinese household's wealth 0.93
00:53:53.580 was wrapped up in property. And so when that bubble burst, taking with it something like
00:53:59.940 $10 trillion worth of wealth, understandably, that's left your average Chinese person or family
00:54:09.480 reticent to spend. They feel like they've really taken it in the shorts in the property market, 0.98
00:54:16.360 and so they're not in the mood to go out and buy a new car or a new smartphone or some new clothes.
00:54:21.400 And so that's what really explains the kind of almost stagnant state of the domestic scene there.
00:54:31.440 You know, they've been a big recipient of a lot of the benefits of globalization, as you point out in your book.
00:54:38.020 What does Xi need right now? These are very tough negotiators.
00:54:41.800 Remember, we took two years under Lighthizer, Navarro, Bob Lighthizer to craft a deal that would take care of what we call the seven original sins of the Chinese economy. 0.99
00:54:52.720 In May of 2019, they tore it up and said, no, we're not going to do this. 0.96
00:54:56.440 Upon further review, you know, circumstances change.
00:54:59.260 We're not going to do that.
00:55:00.680 Where do they stand right now?
00:55:02.220 And what does Xi need?
00:55:03.640 What does he need from these meetings with President Trump?
00:55:06.840 Well, I suspect that from his desk, the world looks pretty good as it is. And what he'd like
00:55:15.680 to see continue is this sort of era of constructive stability, I think, is the current buzzword.
00:55:25.380 You know, the buzzword on the relationship changes about every six months or so. But that's
00:55:30.620 the current one. And I think for him, this stagnant domestic environment, which is the flip
00:55:37.160 side of the technological successes that we see on AI and the advanced technology exports and
00:55:45.260 the robotics and the automated factories and all the rest of it, he's intent on catching up with
00:55:52.840 the U.S. in the technology area as fast as possible, both for the economic consequences
00:56:01.120 of that, but also for the military. And, you know, we're in a world now where just about
00:56:07.020 everything is dual use. And so from the framework of the geopolitical contest, if you're Xi Jinping,
00:56:15.060 you can't afford to be in second place on the technologies that are going to determine
00:56:20.760 wealth and power going forward. And so I think that's his focus. And if the price of that is
00:56:29.560 a domestic environment where maybe folks aren't rising up the income ladder quite as quickly as
00:56:35.640 they have in the past, from his perspective, I think that's okay. After all, your average person,
00:56:42.780 particularly in urban areas in China, is living a middle-class life and is living a far better life
00:56:49.040 you know, the average 25 or 30 year old Chinese person today is living a life that the 25 or 30
00:56:56.420 year old Xi Jinping couldn't have even dreamt of. You know, when he was 20 years old, China was in 0.77
00:57:03.420 the middle of the Cultural Revolution insanity. And he and his family, his father was a quite
00:57:09.140 prominent revolutionary in the Communist Party. His whole family was treated quite poorly and he
00:57:15.680 suffered as so many million Chinese people suffered during that era. He gets sent out to do 0.97
00:57:21.440 struggle sessions. Caroline Wren's co-host. And you got a question for David? Yeah. So, you know,
00:57:25.500 in the United States, the big fear around AI is around replacing manufacturing jobs. And everyone's
00:57:31.540 saying, you know, it's all about competing with China. But I'm also looking at this. I'm thinking
00:57:34.900 AI could end up being the worst possible thing for China. Like, how can they afford to automate 0.99
00:57:40.080 these jobs and have AI replace manufacturing jobs when they have to create millions of
00:57:46.520 manufacturing jobs a month just to keep up with their current population, not to mention replacing
00:57:50.460 those jobs with AI. And so how does that affect him versus, I mean, our manufacturing jobs have
00:57:56.120 largely been offshort already? Yeah, it's interesting. It looks like the concerns over AI
00:58:03.140 are different in the two countries. You know, here we're familiar with our concerns. Folks are
00:58:09.660 worried about job loss, particularly white collar job loss this time around, and are worried about
00:58:16.500 AI going rogue and doing Lord knows what. In China, I think that the fear is more, at least
00:58:23.700 on the part of the government, that one of the intelligence chiefs came out there about a week
00:58:30.400 ago and said pretty much explicitly that the spread of AI, which is something the government's
00:58:37.520 encouraging across the economy as fast as possible, does raise questions, pretty important
00:58:44.220 questions for the Communist Party's hold on power. I mean, if you've got this new intelligence that
00:58:52.900 is out there in the hands of everybody, well, who knows what they're going to do with it?
00:58:58.120 So there's sort of the monopoly on political power issue. And then as far as the jobs,
00:59:05.680 it is something that they have to think about. Now, manufacturing employment has already been
00:59:12.200 declining in China since 2013. I think it's down 18 million jobs since 2013 as they moved their
00:59:20.580 factories more heavily into automation. So it's not so much that they need to create manufacturing
00:59:25.840 jobs as that they do need to create jobs, period. And they're falling short there. And you see that
00:59:32.780 and the rise of the gig economy that I described in the piece that Steve referenced at the top.
00:59:39.860 David, where do people go get the book, The World's Worst Bet, your magnificent magnum opus
00:59:46.600 on globalization, and where they get your writings, and if you're making any author
00:59:50.860 stops to get all your content, sir? Well, they can, of course, find the book,
00:59:57.660 The World's Worst Bet on Amazon or Barnes & Noble or on the website of my publisher,
01:00:03.120 Hachette, which is H-A-C-H-E-T-T-E. So any of those ways. And I'm happy to deliver it door-to-door
01:00:16.420 if it comes to that. We want anyone who wants a copy to end up with a copy. Leave no stone
01:00:23.120 unturned here. No books unsold. No, we love this book. The best book on globalization out there.
01:00:29.980 David Lynch. Social media, you're on Twitter? I am, at David J. Lynch. I think it's all lower
01:00:38.360 case. I think that matters. So, at David J. Lynch, L-Y-N-C-H. And of course, at the Washington
01:00:45.480 Post. I'd be remiss if I didn't encourage people to come read the legacy media.
01:00:51.120 we've got the
01:00:53.180 we subscribe to the print edition
01:00:55.440 every day also online
01:00:57.640 David Lynch thank you so much
01:00:59.200 great book and great
01:01:00.840 piece this morning
01:01:02.900 we're going to take a short commercial break
01:01:06.580 Caroline Wren is in the house
01:01:08.640 we're going to be juggling 1.00
01:01:09.940 I think this is going to be a bilat
01:01:11.300 the Chinese advance team
01:01:13.360 they make sure that they've measured
01:01:15.400 the chair and it's exact height
01:01:17.340 all of it so we'll be covering
01:01:19.460 it wall to wall all day
01:01:20.980 Also in St. Louis today, the consecration, the beatification of Archbishop Fulton J. Sheen.
01:01:29.140 Jack Posobiec's out there and try to get to Jack before the actual ceremony starts.
01:01:33.940 I want to thank Birch Gold.
01:01:34.880 Take your phone out and text Bannon, B-A-N-N-O-N, 989898.
01:01:39.340 The ultimate guide for investing in gold and precious metals in the, wait for it, age of Trump.
01:01:46.300 Talk to Philip Patrick.
01:01:47.160 And Phillip will join us this afternoon as we will wrap up with John Solomon this afternoon and Posobiec the events of the day, both in Washington, D.C. and St. Louis, Missouri.
01:01:58.200 Short break.
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