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Speaker 1: It's an Asia plummeting overnight, the hang sang down more

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Speaker 1: than thirteen percent, Japan dropping about eight percent to an

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Speaker 1: eighteen month low. Earlier in the session, Japanese futures were

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Speaker 1: suspended after they hit circuit breakers. In Europe, stock trading

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Speaker 1: there also down.

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Speaker 2: Across the board.

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Speaker 1: You can see they've come off their worst levels. The

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Speaker 1: Dacks right now down by about five percent, the CAC

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Speaker 1: in France off by five and a half percent, the

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Speaker 1: Footsi in Italy, the Footsie MiB down by five point

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Speaker 1: eight percent. The best performer is the Footsy one hundred London,

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Speaker 1: which is down by four point three percent. Germany's jacks

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Speaker 1: again was down more than ten percent before it paired

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Speaker 1: some of those losses, so we'll continue to watch things there,

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Speaker 1: and then energy prices adding to last week's steep losses

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Speaker 1: as well. You're now looking at WTI below sixty dollars

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Speaker 1: a barrow, so fifty nine to eighty one. For the year,

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Speaker 1: it's down thirty one percent. I guess the upside, but

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Speaker 1: that is you're going to get cheaper.

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Speaker 2: Prices at the pump.

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Speaker 1: But all of this signaling the market's idea that we're

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Speaker 1: looking at much greater odds of a recession, not just

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Speaker 1: here but global.

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Speaker 3: This was on the front page of Sunday Opinion, New

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Speaker 3: York Times, and this pretty much sums it up. The

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Speaker 3: world wakes up to a new global reality.

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Speaker 2: The economy is deflating.

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Speaker 3: Now, let's be very let's be very clear here, regardless

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Speaker 3: of how you feel about tariffs, this is a self

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Speaker 3: induced war that we started. All right, all right, this

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Speaker 3: is voluntary. I spent three months after the election warning

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Speaker 3: Republicans they needed to be careful.

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Speaker 2: Three months. We've got about ten minutes eclipse.

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Speaker 3: We could play you if you we've already done it before,

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Speaker 3: if I could play it again ten minutes a clipse,

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Speaker 3: saying be very careful. We have the strongest economy in

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Speaker 3: the world, but we have bubbles in the market, Suton market,

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Speaker 3: we have bubbles in crypto.

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Speaker 2: We have a fiscal bubble.

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Speaker 3: Be very careful, manage it wisely, and we will continue

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Speaker 3: to see working Amerias taken care of.

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Speaker 2: That's not happening right now. So it's going to be

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Speaker 2: fascinating to see what happens this week. What's going to

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Speaker 2: happen this week with Republicans? Are they really republicans?

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Speaker 3: By the way, Republicans in Congress have the power, have

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Speaker 3: the power.

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Speaker 2: To stop it, to moderate it.

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Speaker 3: The big certain countries that they think it's going too

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Speaker 3: far on like you know, there are some Republicans speaking out.

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Speaker 2: Chuck Grassley has spoken out about it.

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Speaker 3: Ben Shapiro says it's unconstitutional.

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Speaker 2: Bill Ackman, Ah, he saw the light.

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Speaker 4: I've spoken in many countries, say oh, what to do.

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Speaker 4: Just so you understand the power of what I'm doing.

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Speaker 4: Every country is calling it, being very solicitous of us,

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Speaker 4: very very nice. They're being very nice, and we have

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Speaker 4: to be able to justify.

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Speaker 2: This is not sustainable.

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Speaker 4: The United States can't lose one point nine trillion dollars

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Speaker 4: on trade.

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Speaker 2: We can't do that.

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Speaker 4: And also spend a lot of money on NATO in

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Speaker 4: order to protect European nations, we cover them with military.

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Speaker 2: Then we lose money on trade. It's no. The whole

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Speaker 2: thing is crazy. And I got elected on that basis.

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Speaker 2: We explained it.

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Speaker 4: You know, the American people understand it a lot better

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Speaker 4: than the media. But the media understands it, and much

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Speaker 4: of the media writes correctly about it.

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Speaker 2: And I must say, I just want you to know

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Speaker 2: that when they're telling you this has to be done.

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Speaker 2: That's not true.

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Speaker 3: And when they're telling you, these Republicans on the Hill,

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Speaker 3: we can't do any thing about it.

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Speaker 2: Well, that's just a lie. It's double speaking.

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Speaker 5: With that in mind, President Trump's tariffs have stock futures

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Speaker 5: plummeting again.

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Speaker 2: This morning.

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Speaker 5: The Dow is down more than eleven hundred points, while

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Speaker 5: the S and P five hundred and the NASDAC have both.

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Speaker 2: Dropped by three percent.

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Speaker 5: This follows a market free fall to end the trading week,

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Speaker 5: cap off by the Dow losing twenty two hundred points

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Speaker 5: on Friday. It was the first time that the index

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Speaker 5: had ever lost more than fifteen hundred points in back

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Speaker 5: to back days. The massive losses were also fueled by

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Speaker 5: China announcing on Friday it would impose a thirty four

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Speaker 5: percent tariff on all goods imported from the United States

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Speaker 5: beginning this Thursday. Meanwhile, President Trump continues to downplay the

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Speaker 5: tanking markets, writing on social media last night that his

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Speaker 5: tariffs are a beautiful thing to behold. They're pain in

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Speaker 5: the market.

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Speaker 1: At some point, you're unwilling to tolerate this idea of

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Speaker 1: what Trump put there a.

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Speaker 2: Threshold, I think your question should have so stupid.

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Speaker 4: I mean, I think it's a I don't want anything

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Speaker 4: to go down, but sometimes you have to take benison

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Speaker 4: to fix something. And we have such a horrible we

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Speaker 4: have been treated so badly by other countries because we

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Speaker 4: had stupid leadership.

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Speaker 2: That allowed this to happen.

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Speaker 4: They took our businesses, they took our money, they took

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Speaker 4: our jobs. They moved it to Mexico, they moved it

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Speaker 4: to Canada, they moved.

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Speaker 2: A lot of it to Gida. And it's not sustainable.

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Speaker 2: We're not going to do it now. We have hundreds

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Speaker 2: of millions of dollars.

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Speaker 4: It's pouring into our country on a monthly basis. It's

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Speaker 4: for it's already started because they put tariff's on and

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Speaker 4: eventually it's going to straighten out and our country will

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Speaker 4: be solid and strong again.

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Speaker 6: Look, let's Joe, let's just call this what it is.

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Speaker 6: And you got out of one is this is an

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Speaker 6: economic war of choice. This is not something that had

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Speaker 6: to happen. This is you know what football players would

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Speaker 6: call an own goal. Second of all, in the President,

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Speaker 6: I have the quote here he says, yes, sometimes you

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Speaker 6: have to take medicine to pick something. The problem was

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Speaker 6: the patient wasn't sick. This is economic this is economic malpractice.

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Speaker 2: Let's call it for what it what it is.

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Speaker 6: It's created problems rather than.

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Speaker 2: Fix them.

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Speaker 6: So when Scott Bessen goes out and he talks to

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Speaker 6: us from and to coins, of course you can't find

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Speaker 6: anybody who's going to support what is what is going on,

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Speaker 6: And then you know, the mixed signals make a bad

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Speaker 6: situation worse. So let's just let's just call it for

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Speaker 6: what it is. It's totally self created and the real

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Speaker 6: question is one, how do we get ourselves out of it?

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Speaker 6: But we shouldn't hit ourselves on another thing. Even if

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Speaker 6: there's a degree of economic recovery, someday there will be

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Speaker 6: in the markets, a lot of the damage here will

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Speaker 6: be lasting. The United States will not again ever have

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Speaker 6: the same reputation, the dollar won't have the same strength.

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Speaker 6: The rest of the world's willingness to tolerate American debt

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Speaker 6: will be much diminished. This will have lasting consequences. Even

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Speaker 6: if at some point what's become our three to ozho ones,

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Speaker 6: you know, it becomes a three point fifty one, Even

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Speaker 6: if it doesn't recover fully to four to oh one k,

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Speaker 6: Even if there's a degree of financial recovery. The reputational

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Speaker 6: cost of this will be deep and lasting, longing.

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Speaker 2: We're all trying to understand.

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Speaker 3: Is then, if there are going to negotiations and you're

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Speaker 3: saying zero is not enough.

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Speaker 2: What is enough? Zero is a small first start? Okay,

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Speaker 2: what is enough? And let me ask you, but relate

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Speaker 2: it to them.

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Speaker 7: But let me answer that question. Let me answer. Let's

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Speaker 7: take them one at a time. We got plenty of time,

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Speaker 7: So what is enough? Okay, you take any given country.

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Speaker 7: They are like fingerprints. They all cheat us in a

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Speaker 7: different way. So here are the things they cheat us on.

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Speaker 7: Some of them engage in currency manipulation. Some of them

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Speaker 7: have a hefty vattex. All of them bump into our markets.

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Speaker 7: All of them engage in heavy export subsidies and government subsidies.

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Speaker 7: All of them put up these phony technical and fido

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Speaker 7: sanitary barriers to our ad products and our autos and

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Speaker 7: everything in between. Many of them steal our intellectual property.

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Speaker 7: A lot of them runs sweatshop labor, including forced child labor.

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Speaker 7: They have pollution havens. So when you say to me, Ed,

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Speaker 7: what do we want from them? We want fairness. We

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Speaker 7: don't want them to kill American works by ending data

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Speaker 7: is with this non tariff cheating, and it would be

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Speaker 7: really refreshing to have the media talk more about that

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Speaker 7: this zero tariff things.

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Speaker 2: It's a misdirection. No, it's a misdirection.

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Speaker 4: How could have spoken when they look at the fact

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Speaker 4: that we have a billion dollar trade deficit. When you

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Speaker 4: look at the trade deficit that we have with certain countries.

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Speaker 2: Way over a billion per country.

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Speaker 4: With China, it's a trillion dollars, and we have to

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Speaker 4: solve our trade deficit. We have a trillion dollar trade

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Speaker 4: deficit with China. Hundreds of billions of dollars a year

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Speaker 4: we live with China, and unless we solve that problem,

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Speaker 4: I'm not going to make a deal now. I'm willing

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Speaker 4: to deal with China, but they have to solve their surplus.

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Speaker 4: We have a tremendous deficit problem with China. They have

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Speaker 4: a surplus of at least a trillion dollars a year.

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Speaker 4: I think it's like a treellion one and I want

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Speaker 4: that solved. And no other president's taking it on. I

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Speaker 4: had to take it on the last time that we

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Speaker 4: had a raked election. No other president is taking it on.

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Speaker 4: And so China is you know they say the market's spoken.

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Speaker 4: The market China is right there taking a big hit

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Speaker 4: because everyone knows we're right.

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Speaker 2: They have to pay.

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Speaker 4: Tariffs because otherwise we have a surpplus that they have

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Speaker 4: a surpplus with us that is not sustainable. And we're

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Speaker 4: talking about a trillion dollars.

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Speaker 2: You know that, right.

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Speaker 8: We're not going to.

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Speaker 4: Lose the trillion dollars for the privilege of five pencils

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Speaker 4: from China.

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Speaker 2: This is the primal screen of a dining regime.

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Speaker 9: Pray for our enemies because we're going to medieval on

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Speaker 9: these people.

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Speaker 2: You've not got a free shot. All these networks lying

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Speaker 2: about the people. The people have had a belly full

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Speaker 2: of it. I know you don't like hearing that. I

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Speaker 2: know you try to do everything will to stop that,

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Speaker 2: but you're not going to stop it. It's going to happen.

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Speaker 10: And where do people like that go to share the

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Speaker 10: big line?

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Speaker 2: Mega media?

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Speaker 11: I wish in my soul, I wish that any of

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Speaker 11: these people had a conscience.

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Speaker 2: Ask yourself, what is my task and what is my purpose?

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Speaker 4: If that answer is to save my country, this country

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Speaker 4: will be saved.

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Speaker 8: War Room, use your hosts.

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Speaker 2: Stephen k that.

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Speaker 9: Monday seven April year of oldlerd twenty twenty five. So

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Speaker 9: to give this to you in real time and to

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Speaker 9: make sure that we can frame this so the war

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Speaker 9: room posse can have a full and deep understanding of

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Speaker 9: exactly what's happening. So last night, over the weekend, President

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Speaker 9: Trump intransigent about any movement at all, even any no negotiations.

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Speaker 9: It dug in in a hard no negotiations because remember

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Speaker 9: the trigger on the tariffs is on Wednesday. That's when

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Speaker 9: actually the reciprocity starts. It's over the weekend. A lot

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Speaker 9: of effort and discussion about setting up a process because

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Speaker 9: you have, as people are tweeting out right now, you

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Speaker 9: have fifty I don't know, maybe almost one hundred countries.

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Speaker 9: And when I say the fifty, I mean all the

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Speaker 9: big ones except the CCP are lined up. I just

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Speaker 9: got are lined up perfect. Thank you are lined up

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Speaker 9: to come in and negotiate. And President Trump said, all

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Speaker 9: we can know, negotiations, We're not doing this. The issue

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Speaker 9: for President Trump is quite simple. You are in control

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Speaker 9: of this process right now. You're taking incoming calls and

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Speaker 9: proposals and ideas, but you're in charge of this proposal

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Speaker 9: or you're in charge of this process. What you want

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Speaker 9: to avoid is remember on the show I've been talking

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Speaker 9: about for the last couple of years, we have three

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Speaker 9: hundred trillion dollars in global debt at every level, and

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Speaker 9: you have to avoid having a global margin call. Margin

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Speaker 9: calls when the assets you own, whether real estate or stocks,

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Speaker 9: start to drop in value and the bank comes back

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Speaker 9: to you and say, hey, we need a little something

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Speaker 9: else on top of what you gave us. You've got

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Speaker 9: to plug it or we're going to call your loan.

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Speaker 9: That's called a margin call. Margin call in the situation

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Speaker 9: would be at the hedge fund level. For the hedge

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Speaker 9: funds to start having. You know, it's particularly some of

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Speaker 9: these smaller midsized hedge funds. When I say small, I

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Speaker 9: mean hedge funds are ten and twenty billion dollars today's

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Speaker 9: market that are highly leveraged, making highly leveraged bets. Remember

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Speaker 9: that from two thousand and eight, Well you still got today.

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Speaker 9: Those start having margin calls, some of these banks start

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Speaker 9: having what we call a credit event. You've already seen

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Speaker 9: in Europe some of these overleveraged companies are already starting

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Speaker 9: to have problems. Once you start having credit events, maybe

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Speaker 9: the process gets out of your hand, President Trump. Also

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Speaker 9: the coming at President Trump from the courts. Jonathan carl

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Speaker 9: Is reporting this morning over at I Guess with George

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Speaker 9: Stephanopolis that he has been informed that conservative groups, certain

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Speaker 9: conservative groups are looking to go to court to try

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Speaker 9: to get a tro against President Trump. Some are arguing

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Speaker 9: that President Trump's emergency calling this in for emergency for

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Speaker 9: Fetanahl and national security, that now he's talking about deals

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Speaker 9: and he's talking about money, he starting about jobs, goes outside.

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Speaker 2: Of that, he's being hit.

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Speaker 9: Feder Reserve has now emergency meeting at eleven thirty am

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Speaker 9: this morning. President Trump. They're coming at him from many

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Speaker 9: different angles. The Nasdak is now up one percent. The

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Speaker 9: Dow is down about nine thirty but last night when

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Speaker 9: trading on futures started, the Dow is down fifteen hundred points.

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Speaker 2: It looks like it's gonna be a total and complete meltdown.

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Speaker 9: The Asian markets were a meltdown, particularly the hang saying,

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Speaker 9: which is Kong China is in a total and complete

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Speaker 9: meltone right now. The people that financed all the factories

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Speaker 9: and all the jobs going over sees, they're in a

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Speaker 9: big hurt, right now the people that did this to

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Speaker 9: us are in a big hurt and President Trump has

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Speaker 9: taken a tough stance, however, and I think this is

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Speaker 9: the reason the Nasdaq has flipped around. The Japanese have

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Speaker 9: announced that they're coming, and they're coming with a proposal

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Speaker 9: that would take care of all of President Trump's concerns,

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Speaker 9: including what Peter Navara is talking about, a non Trey Burris,

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Speaker 9: which is the key. And President Trump just tweeted out

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Speaker 9: a moment ago put up on Truth that a negotiating

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Speaker 9: is first time he used the word negotiating in a

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Speaker 9: Truth social We're going to take a short commercial break.

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Speaker 2: There's a lot going on in the world today and

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Speaker 2: we're going to help explain it all to you here

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Speaker 2: in the war room. Just back in a moment in America.

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Speaker 8: Use your host, Stephen came back.

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Speaker 9: Okay, So starting last night at about six pm, this

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Speaker 9: was on Sunday, when President Trump got ready to head

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Speaker 9: back to Washington, d C. And he had the Secretary

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Speaker 9: of Treasury, that is I want to give a hat

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Speaker 9: tip to the brilliant team I have here at the

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Speaker 9: war room, my young charges. Also the team in Denver,

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Speaker 9: the great team at Real America's voice of putting together.

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Speaker 9: That was a magnificent cold open that gave you, in

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Speaker 9: about nine or ten minutes exactly the most important things

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Speaker 9: that happened on the weekend in capital markets the established order,

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Speaker 9: and this was led by Jim Kramer all weekend, but

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Speaker 9: particularly last night. We're talking they wanted to see black Monday.

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Speaker 9: Jim Kramer came out and said once again, and this

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Speaker 9: is if we can tee up and get ready his

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Speaker 9: two thousand and eight remember two thousand and eight, and

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Speaker 9: this is why we played it a couple of times

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Speaker 9: on Friday and Saturday. Kramer went on The Today Show

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Speaker 9: in two thousand and eight on that Monday and said,

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Speaker 9: if you have to, if you have to, if you

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Speaker 9: need cash in the next five years, you need to

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Speaker 9: sell everything today. If you need cash in the next

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Speaker 9: five years, you need to sell everything today. That exacerbated

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Speaker 9: of a panic that was already out there. This is

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Speaker 9: about orderly versus disorderly. This is about orderly versus disorder.

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Speaker 9: So far, you've seen an orderly kind of a workthrough

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Speaker 9: of what this new economic order is going to because

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Speaker 9: the United States is not going to be picked off anymore.

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Speaker 9: You just heard Has from the Council on Foreign Relations,

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Speaker 9: Richard Has saying, the patient's not sick. We'll brow for

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Speaker 9: the Council off our relation and all the elites in

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Speaker 9: New York City and the Upper East Side and the Hamptons.

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Speaker 9: It's not bad because on borrowed money, you've got your

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Speaker 9: own hedge fund, right, you got the United States government

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Speaker 9: putting a Keynesian massive influx of stimulus.

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Speaker 2: All the time.

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Speaker 9: You own all the real assets, you own the real estate,

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Speaker 9: you guys own all the stocks. Of course, it's good time.

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Speaker 9: It's the best time to be part of the global elites.

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Speaker 9: That's what President Trump is changing fundamentally. Last night at

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Speaker 9: six o'clock, what happens in basically the Tokyo opens and

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Speaker 9: then the search rolling through the Asian markets actually get Shanghai,

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Speaker 9: you get Hong Kong.

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Speaker 2: And then you get Singapore.

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Speaker 9: At the same time, they start trading future so you

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Speaker 9: can get a sense of where the Dow journal is

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Speaker 9: going to be. It was fifteen hundred at the open

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Speaker 9: last night on the futures market, so it looked like

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Speaker 9: another brutal day right at the start, and all night

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Speaker 9: it kind of hung in there and President Trump on

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Speaker 9: the plane back. And that's the brain cuts my staff

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Speaker 9: did for President Trump. Hey, sounds like a personal problem.

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Speaker 9: I'm dug in here. And of course you had a

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Speaker 9: country after country and company after company saying, hey, we

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Speaker 9: want to come in and talk. Maybe we don't understand

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Speaker 9: the formula, but we understand this. There's a problem. And

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Speaker 9: guess what, You're not going to tolerate it anymore. And

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Speaker 9: this kind of hammer blow to the system, this traumatic

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Speaker 9: blow to the system, which is what President Trump's been

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Speaker 9: doing national security. This is what the Russian rap pro

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Speaker 9: jaman is about. This is what the whole situation when

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Speaker 9: NATO's about. This is about setting up an order of

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Speaker 9: which we're a hemispheric defense. Right by the way, Raheem's

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Speaker 9: going to be here at the bottom of the hour.

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Speaker 9: He's heading out with Pete heggs at today and guess

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Speaker 9: where they're going. They're going to Panama because President Trump

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Speaker 9: is quite serious and JD advanced to Greenland last week.

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Speaker 9: He sent his Secretary Defense coming back from the Three

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Speaker 9: Island chains, remember Hawaii, Guam, in Philippines, in Japan, the

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Speaker 9: three island chains. He's now down and guess where he's going.

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Speaker 9: He's going to Panama, all because of hemispheric defense, all

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Speaker 9: because of this massive pivot by the United States geopolitically

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Speaker 9: and geostrategically. This is also the geoeconomic side. Remember my

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Speaker 9: talk at SEAPAC in twenty seventeen. The three lines of work.

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Speaker 9: Number one are America first national security policy. Number two

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Speaker 9: is economic nationalism, and number three, wait for it, is

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Speaker 9: deconstruction of the administrative state. President Trump is so far

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Speaker 9: down the route of all three of them, the most

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Speaker 9: significant changes in the world I think.

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Speaker 2: Since World War Two.

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Speaker 9: I may even go back to pre the Guns of

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Speaker 9: August in nineteen fourteen. This is a major, major, major reset.

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Speaker 9: It really ends World War two is what he's doing.

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Speaker 9: And he's not going to budget this now the big

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Speaker 9: change and the reason that the Dow is now only down.

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Speaker 2: What's the Dow down?

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Speaker 9: Dal's only down like nine hundred, The Nasdaq is up,

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Speaker 9: the S and P is up. Oh excuse me, the

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Speaker 9: Dow is up two hundred fifty points last check. Now

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Speaker 9: it's going to bounce around. We're not gauging everything just

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Speaker 9: by how it moves. Right, Things are going to bounce around.

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Speaker 9: But the point is, at least at the start, it's

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Speaker 9: not the meltdown that Jim Kramer and all the left wanted.

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Speaker 9: They wanted panic today. They wanted absolute selling with no buyers.

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Speaker 9: They want to trigger a margin call that would then

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Speaker 9: trigger a credit event that would then try to they

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Speaker 9: would use that to attempt to destroy President Trump. That

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Speaker 9: would be disorderly right now. This is quite orderly of

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Speaker 9: just a kind of a workthrough of people's positions. And

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Speaker 9: guess what for everything people that said President Trump was compromised,

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Speaker 9: and that Elon Mosk and the tech bros, all the

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Speaker 9: people in all the reports that it's Bannon in these

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Speaker 9: economic nationalists versus the tech bros. And they're going to

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Speaker 9: be the hammer blow is to the mag seven. The

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Speaker 9: two people that have He's given the biggest hammer blow

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Speaker 9: to are kind of this this phony tech broleogarchs right

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Speaker 9: in the Chinese Commuists party, the Chinese Commedist Party, maybe

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Speaker 9: having a death blow right now, maybe having a death

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Speaker 9: blow right now. Their economy was just on the on

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Speaker 9: the bubble as it is and u and it's totally export.

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Speaker 9: There's all kind of happy talk. Are they're going to

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Speaker 9: change your consumer economy. They don't have time to change

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Speaker 9: your consumer economy. They've tried that for seven or eight years.

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Speaker 9: This is everything, and President Trump came in with a

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Speaker 9: hammer blow to them. They don't even know how to

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Speaker 9: respond right now. Their response, by the way, maybe military

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Speaker 9: intervention into Taiwan. That is why those exercises last week

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Speaker 9: are not joked. This is why the Korean situation of

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Speaker 9: the coupded Tan Korea. That now the conservative president is out.

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Speaker 9: This is all playing into it. And you have to

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Speaker 9: stand by because right now she may have to pivot

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Speaker 9: to something like ultranationalism to jack up the young people

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Speaker 9: in college that hey, the feign devils are trying to

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Speaker 9: destroy us economically. The two people taking the biggest hammer

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Speaker 9: blows are the tech olar garks, the tech ola garks

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Speaker 9: and their stocks. Trump's come right after it, and this

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Speaker 9: is why there's some great tweets out overnight. The difference

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Speaker 9: is that these guys are globalists. I mean Elon Musk

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Speaker 9: showed it over the weekend. It was so embarrassing. I

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Speaker 9: didn't want to play it. Peter Navarro though, just call him.

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Speaker 9: I says nothing but a car salesman, but he put up.

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Speaker 9: He talks to Salvini and the guys at the Northern

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Speaker 9: League on a video talk he gave it their big

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Speaker 9: conference in the head of Q and A.

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Speaker 2: It was embarrassing.

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Speaker 9: You know, I've been saying, hey, he's a globalist, and

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Speaker 9: you know, I know the fanboys don't want to hear that.

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Speaker 9: But what he said last night in the middle of

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Speaker 9: the war that President Trump has in the defining moment

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Speaker 9: when you have to lock in and lock down, he

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Speaker 9: comes out and says he wants basically a no tarior

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Speaker 9: zone between the EU and the United States. He essentially

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Speaker 9: wants the America to merge in or to after Britain brexited,

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Speaker 9: he wants us to merge with the EU. But the

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Speaker 9: worst comment was about and this is the mentality, was

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Speaker 9: about having European citizens.

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Speaker 2: Get come to the United States unfettered.

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Speaker 9: It'd be like send gen It'd be like illegal alien

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Speaker 9: gets through to Hungary. Then you can go all the

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Speaker 9: work gets through to Italy or Greece, and you can

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Speaker 9: go all the way to Ireland. He actually proposed that.

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Speaker 9: And then this morning he's tweeting out He's tweeting out

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Speaker 9: Milton Freeman's video on the pencil. Stop humiliating yourself. Okay,

440
00:22:57,240 --> 00:23:02,199
Speaker 9: this is childless nonsense. Trump is in a war, and

441
00:23:02,520 --> 00:23:05,399
Speaker 9: it's a man's war. And I don't mean that about gender.

442
00:23:05,840 --> 00:23:07,720
Speaker 9: I mean this is for people who are tough for

443
00:23:07,840 --> 00:23:10,520
Speaker 9: need to step into this moment. President Trump is saying, Hey,

444
00:23:10,880 --> 00:23:15,160
Speaker 9: the economic order that basically stripped America over manufacturing, based

445
00:23:15,160 --> 00:23:19,120
Speaker 9: the economic order that the entire world was dependent upon

446
00:23:19,200 --> 00:23:22,320
Speaker 9: working men and women in the middle class in this country,

447
00:23:22,359 --> 00:23:25,200
Speaker 9: in the United States of America, and that every person

448
00:23:25,480 --> 00:23:26,320
Speaker 9: gained the system.

449
00:23:26,320 --> 00:23:27,560
Speaker 2: It's all getting unmasked.

450
00:23:28,480 --> 00:23:31,320
Speaker 9: Now, why is this turned around in real time in

451
00:23:31,400 --> 00:23:34,440
Speaker 9: about twenty minutes. And I'm not saying this will last.

452
00:23:34,440 --> 00:23:36,360
Speaker 9: I think you have market movements over the next couple

453
00:23:36,400 --> 00:23:39,439
Speaker 9: of days. But why did we not start at Black Monday?

454
00:23:39,880 --> 00:23:42,160
Speaker 9: Right last night at six o'clock, it looked like this

455
00:23:42,200 --> 00:23:44,360
Speaker 9: is going to be catastrophic. The New York Post lead

456
00:23:44,440 --> 00:23:48,000
Speaker 9: story was Black Monday. Jim Kramer, Black Monday's coming. You

457
00:23:48,080 --> 00:23:51,920
Speaker 9: got to dump everything. Because President Trump puts this tweet,

458
00:23:52,000 --> 00:23:54,480
Speaker 9: we can put it up for a moment. The Japanese,

459
00:23:54,480 --> 00:23:58,160
Speaker 9: so you should understand, every nation on Earth has been

460
00:23:58,200 --> 00:24:00,320
Speaker 9: trying to get here to see President Trump to talk

461
00:24:00,320 --> 00:24:04,479
Speaker 9: about this, but he said no negotiations. Now you have

462
00:24:04,560 --> 00:24:07,080
Speaker 9: to say, well, can't people come at least make their pitch.

463
00:24:07,200 --> 00:24:10,640
Speaker 9: You know, some people may have a question about the formula, right,

464
00:24:10,720 --> 00:24:14,040
Speaker 9: the formula, how you derive this? Peter Navarre was quite

465
00:24:14,119 --> 00:24:17,560
Speaker 9: blunt on TV over the weekend. This morning, Peter Nomorrow said, Hey,

466
00:24:17,880 --> 00:24:21,160
Speaker 9: this is just not about tariffs, the actual number. It's

467
00:24:21,200 --> 00:24:26,439
Speaker 9: about non trade barriers, currency manipulation, counterfeiting, the non tariff

468
00:24:26,440 --> 00:24:28,240
Speaker 9: barriers you put into block American goods.

469
00:24:28,280 --> 00:24:30,600
Speaker 2: And this is why if you look throughout the world, you.

470
00:24:30,520 --> 00:24:33,439
Speaker 9: Don't see a ton of American goods sold overseas. You

471
00:24:33,480 --> 00:24:35,680
Speaker 9: go to Japan, agree, you never see an American car.

472
00:24:35,920 --> 00:24:38,480
Speaker 9: You don't see a lot of industrial product product. We're

473
00:24:38,520 --> 00:24:42,240
Speaker 9: to look now as a capital market and a provider

474
00:24:42,280 --> 00:24:46,560
Speaker 9: of natural resources and a consumer market. President Trump is

475
00:24:46,680 --> 00:24:50,880
Speaker 9: one million percent correct. You cannot continuate. It's not sustainable.

476
00:24:51,160 --> 00:24:54,520
Speaker 9: The only way it's been sustainable to date. What people said, well,

477
00:24:54,680 --> 00:24:57,600
Speaker 9: sive the economy so good is because you're running two

478
00:24:57,640 --> 00:25:02,000
Speaker 9: tradion dollar deficits every year. This is so obvious, it's

479
00:25:02,040 --> 00:25:04,840
Speaker 9: so simple, and it's not sustainable.

480
00:25:05,640 --> 00:25:06,439
Speaker 2: The trade devisit.

481
00:25:06,440 --> 00:25:08,920
Speaker 9: President Trump is talking about the tree and dollars that's annual,

482
00:25:09,240 --> 00:25:12,200
Speaker 9: the accumulative just like we have thirty seven trillion dollars

483
00:25:12,200 --> 00:25:14,640
Speaker 9: of debt, and we're adding a trillion dollars every hundred days.

484
00:25:14,680 --> 00:25:16,800
Speaker 9: And the freaking budget the Senate in the House puts

485
00:25:16,840 --> 00:25:19,879
Speaker 9: out has four and five tradion dollars increases to the

486
00:25:19,920 --> 00:25:23,840
Speaker 9: debt ceiling. So they're not real about actually doing what

487
00:25:24,000 --> 00:25:26,760
Speaker 9: men and women have to do is start to cut

488
00:25:26,800 --> 00:25:31,640
Speaker 9: this federal budget. It's unsustainable and it's just creating fiat

489
00:25:31,760 --> 00:25:34,439
Speaker 9: currency by the Federal Reserve to play to do the

490
00:25:34,440 --> 00:25:38,400
Speaker 9: fiscal irresponsible thing. And part of that is a defense

491
00:25:38,520 --> 00:25:42,040
Speaker 9: budget that's now over a trillion dollars to underwrite the

492
00:25:42,119 --> 00:25:46,200
Speaker 9: security of all these nations on the earth. It can't continue.

493
00:25:46,320 --> 00:25:48,879
Speaker 9: President Trump's not saying it can't continue. And this is

494
00:25:48,920 --> 00:25:52,320
Speaker 9: what is the only question for President Trump is not

495
00:25:52,440 --> 00:25:55,000
Speaker 9: that we are right in fighting the fight of the righteous,

496
00:25:55,080 --> 00:25:57,320
Speaker 9: is how do you manage the process? How do you

497
00:25:57,320 --> 00:26:01,440
Speaker 9: manage president you don't want the process? Gary Today, Jonathan

498
00:26:01,480 --> 00:26:03,760
Speaker 9: Carr reported it. They're going to go into court to

499
00:26:03,800 --> 00:26:06,800
Speaker 9: these judges to look for a tro You heard Ben

500
00:26:06,800 --> 00:26:08,760
Speaker 9: Shapiir and these guys say it up on the hill.

501
00:26:09,520 --> 00:26:13,040
Speaker 9: It's not Ted Cruz. Ted Cruise is virtually irrelevant. Who's

502
00:26:13,080 --> 00:26:17,520
Speaker 9: relevant to Steve Danes. Steve Danes, who's had a career

503
00:26:17,680 --> 00:26:20,520
Speaker 9: in Hong Kong and in China, is leading out their

504
00:26:20,600 --> 00:26:23,360
Speaker 9: seven senators against Trump right now on the record, including

505
00:26:23,400 --> 00:26:27,040
Speaker 9: Tom Tillis folks in North Carolina. Steve Danes may lead

506
00:26:27,080 --> 00:26:31,040
Speaker 9: out another five to ten senators. The United States Senate,

507
00:26:31,119 --> 00:26:34,639
Speaker 9: led by the Republicans may try to intervene here and

508
00:26:34,680 --> 00:26:38,320
Speaker 9: take the power away from President Trump. Everything's on the

509
00:26:38,359 --> 00:26:41,560
Speaker 9: table right now. The key is that the Japanese are

510
00:26:41,560 --> 00:26:43,800
Speaker 9: in route. And what did President Trump say? He used

511
00:26:43,840 --> 00:26:49,160
Speaker 9: the negotiation. He said they're coming over to negotiate. It's

512
00:26:49,160 --> 00:26:53,879
Speaker 9: the first time that word has crossed the lips of

513
00:26:53,960 --> 00:26:54,959
Speaker 9: Donald John Trump.

514
00:26:55,440 --> 00:26:58,040
Speaker 2: That is the pivot in the market this morning shortbreak.

515
00:26:59,080 --> 00:27:00,840
Speaker 8: Who's your hoos, Stephen k.

516
00:27:06,440 --> 00:27:07,760
Speaker 2: Okay, Marcus bouncing around.

517
00:27:07,840 --> 00:27:12,520
Speaker 9: It's being attributed to a Kevin Hassett quote that they

518
00:27:12,560 --> 00:27:14,680
Speaker 9: can't quite verify. I think CNBC put it up that

519
00:27:14,760 --> 00:27:16,840
Speaker 9: Kevin has it said there'd be a ninety day pause

520
00:27:17,720 --> 00:27:19,200
Speaker 9: to celebrity here and negotiate.

521
00:27:20,080 --> 00:27:22,240
Speaker 2: Now they're saying the White House is saying that's not true.

522
00:27:22,280 --> 00:27:24,000
Speaker 9: They can't find the verification of that, and so the

523
00:27:24,080 --> 00:27:27,280
Speaker 9: markets bounce around here's the point. At the very mention

524
00:27:27,400 --> 00:27:31,399
Speaker 9: there's a process, you're going to get back two thirds

525
00:27:31,720 --> 00:27:35,080
Speaker 9: of the value loss, just saying at the very mention

526
00:27:35,200 --> 00:27:38,240
Speaker 9: of a process you're going to this is all about

527
00:27:38,359 --> 00:27:39,720
Speaker 9: people are looking at a process.

528
00:27:39,760 --> 00:27:41,440
Speaker 2: What's going to try to mess up that process?

529
00:27:41,440 --> 00:27:43,520
Speaker 9: Federal Reserves meeting a secret and not a secret, a

530
00:27:43,600 --> 00:27:48,640
Speaker 9: closed door meeting of the governors. At eleven thirty, Jonathan

531
00:27:48,680 --> 00:27:53,520
Speaker 9: Carlve ABC is reporting pretty well, how to say the

532
00:27:53,560 --> 00:27:57,600
Speaker 9: sourced that I believe its conservative groups are coming at

533
00:27:57,680 --> 00:28:02,240
Speaker 9: to go into legal things. Federal society are think of

534
00:28:02,320 --> 00:28:06,280
Speaker 9: going to court today with certain of these attacks, and

535
00:28:06,359 --> 00:28:10,280
Speaker 9: trade organizations are lobbyist groups and are looking to go

536
00:28:10,320 --> 00:28:13,000
Speaker 9: into court today to get a tro on President Trump

537
00:28:13,000 --> 00:28:15,280
Speaker 9: to stop this for tro Also, people are thinking of

538
00:28:15,320 --> 00:28:17,800
Speaker 9: going to court today to question the constitutionality of it.

539
00:28:17,840 --> 00:28:22,800
Speaker 9: Also Steve Danes and others Now Danes hasn't public he committed.

540
00:28:22,800 --> 00:28:26,879
Speaker 9: There's been seven already a public committed, including Tom Tillis

541
00:28:27,640 --> 00:28:31,480
Speaker 9: has public he committed to getting President Trump to back

542
00:28:31,520 --> 00:28:34,639
Speaker 9: off this. My understanding of Steve Danes is leading an

543
00:28:34,640 --> 00:28:36,920
Speaker 9: effort with another five or ten senators.

544
00:28:37,560 --> 00:28:38,920
Speaker 2: Behind the scenes, they're saying.

545
00:28:38,760 --> 00:28:41,560
Speaker 9: They're prepared to publicly come out and basically go against

546
00:28:41,560 --> 00:28:44,800
Speaker 9: President Trump and slow this down once again. People are

547
00:28:44,800 --> 00:28:47,520
Speaker 9: looking at the courts to try to thwart this and

548
00:28:47,840 --> 00:28:49,600
Speaker 9: or Rhino Republicans.

549
00:28:49,880 --> 00:28:51,239
Speaker 2: President Trump is dug in.

550
00:28:51,800 --> 00:28:55,480
Speaker 9: He did say he put this out about negotiate that

551
00:28:55,560 --> 00:28:57,959
Speaker 9: the Japanese are sending a team over in. Japan's one

552
00:28:58,000 --> 00:29:00,120
Speaker 9: of the thornians. Korea is going to be quite thorn

553
00:29:00,800 --> 00:29:03,960
Speaker 9: places like Vietnam. You heard Peter Navara. Peter Navara said,

554
00:29:04,000 --> 00:29:06,560
Speaker 9: it's just not the monitor, it's just not the listed

555
00:29:06,680 --> 00:29:09,560
Speaker 9: rate of the tariff. It's also the non tariff barriers.

556
00:29:09,560 --> 00:29:11,960
Speaker 9: And for Indian places like this, that could get quite

557
00:29:12,520 --> 00:29:16,920
Speaker 9: quite sticky and and quite complicated. But there are also

558
00:29:17,040 --> 00:29:18,960
Speaker 9: ways to get around that if you still have a

559
00:29:19,000 --> 00:29:22,840
Speaker 9: trade deficit, because remember the formula quote unquote is really

560
00:29:22,840 --> 00:29:27,440
Speaker 9: based upon predict upon trade deficits. A face amount of

561
00:29:27,440 --> 00:29:32,080
Speaker 9: our debt is thirty seven trillion dollars going to thirty eight.

562
00:29:32,880 --> 00:29:36,320
Speaker 9: The trade deficit cumulative aggregate is about twenty five trillion

563
00:29:36,320 --> 00:29:40,080
Speaker 9: dollars eighteen. Trade of that has come from what China

564
00:29:40,560 --> 00:29:46,560
Speaker 9: was granted most favored nation in wto sanctioned to become

565
00:29:46,600 --> 00:29:50,080
Speaker 9: actually a true trading partner, although in the category.

566
00:29:49,560 --> 00:29:51,760
Speaker 2: Of a developing nation, which they've never loved. You know,

567
00:29:51,760 --> 00:29:54,719
Speaker 2: at the World Bank, they go to the developing nation window.

568
00:29:55,000 --> 00:29:58,479
Speaker 9: Every institution that the global set up was to make

569
00:29:58,520 --> 00:30:00,880
Speaker 9: it easier for China. Why that's where they made the

570
00:30:00,920 --> 00:30:03,760
Speaker 9: real money and shipping off. The people you see getting

571
00:30:03,760 --> 00:30:07,120
Speaker 9: hammered today are people that are financially tied to that.

572
00:30:08,000 --> 00:30:10,280
Speaker 9: Let me repeat this, the people getting hammered are the

573
00:30:10,320 --> 00:30:13,600
Speaker 9: people financially tied to shipping all the jobs to China.

574
00:30:14,440 --> 00:30:16,960
Speaker 9: President Trump, and for all the happy talking kind of missed.

575
00:30:18,080 --> 00:30:20,960
Speaker 9: For those ever questioned President Trump being a populist and

576
00:30:20,960 --> 00:30:24,720
Speaker 9: an economic nationalist, I hope the last of four or

577
00:30:24,760 --> 00:30:27,880
Speaker 9: five days have shown that President Trump is dug in

578
00:30:28,000 --> 00:30:31,200
Speaker 9: on your side, the forgotten man and woman. He has

579
00:30:31,280 --> 00:30:35,280
Speaker 9: put a full shotgun blast onto the Chinese Communist Party,

580
00:30:35,520 --> 00:30:39,120
Speaker 9: full on fifty four percent tariffs. They can't exist, it's

581
00:30:39,160 --> 00:30:42,640
Speaker 9: not sustainable. They will collapse. He's also going after the

582
00:30:42,720 --> 00:30:45,640
Speaker 9: Max seven, that's the seven stocks, the tech stocks that

583
00:30:45,680 --> 00:30:47,240
Speaker 9: were kind of frothy.

584
00:30:47,640 --> 00:30:49,040
Speaker 2: And this is why the Dow joone adjuster.

585
00:30:49,160 --> 00:30:51,480
Speaker 9: I keep telling people it doesn't show the real economy

586
00:30:51,720 --> 00:30:52,960
Speaker 9: because all tied to AI.

587
00:30:54,000 --> 00:30:55,280
Speaker 2: Those are the ones, the Max.

588
00:30:55,080 --> 00:31:00,000
Speaker 9: Seven and other big tech oligarchs globalist corporations have taken

589
00:31:00,120 --> 00:31:03,800
Speaker 9: in the biggest hits, and President Trump is adamant. Either

590
00:31:03,840 --> 00:31:06,200
Speaker 9: you're going to bring your manufacturing back here and really

591
00:31:06,520 --> 00:31:12,959
Speaker 9: with the ecosystem of your supply chains right your supply chains,

592
00:31:13,240 --> 00:31:15,840
Speaker 9: or or we're.

593
00:31:15,680 --> 00:31:18,000
Speaker 2: Going to We're going to You're going to have high

594
00:31:18,040 --> 00:31:19,560
Speaker 2: terrorists you have to come in on, so you've got

595
00:31:19,600 --> 00:31:20,120
Speaker 2: to deal with them.

596
00:31:20,280 --> 00:31:21,920
Speaker 9: Either get the money through tariffs, or we're going to

597
00:31:21,960 --> 00:31:25,920
Speaker 9: get the money through increased tax revenue of people of

598
00:31:25,960 --> 00:31:30,440
Speaker 9: corporations putting their plant and equipment here in hire. Obviously

599
00:31:30,560 --> 00:31:34,560
Speaker 9: tax revenue coming off citizens of this country. Now, while

600
00:31:34,560 --> 00:31:37,120
Speaker 9: all this is going on geo economically, and we're going

601
00:31:37,160 --> 00:31:39,600
Speaker 9: to walk you through the entire day, taking deep breath,

602
00:31:40,200 --> 00:31:43,200
Speaker 9: President Trump's in control process. The only issue we have

603
00:31:44,160 --> 00:31:47,000
Speaker 9: with President Trump and the path he's going down now

604
00:31:47,080 --> 00:31:51,320
Speaker 9: he controls the process the moment, and that can happen

605
00:31:51,440 --> 00:31:53,760
Speaker 9: the moment that he doesn't control the process. And I'm

606
00:31:53,840 --> 00:31:57,400
Speaker 9: less concerned right now with a court challenge, of course

607
00:31:57,400 --> 00:32:00,400
Speaker 9: they're going to try to tie Trump up, or a

608
00:32:00,440 --> 00:32:04,040
Speaker 9: political challenge coming from the rhinos in the Senate. The

609
00:32:04,040 --> 00:32:06,440
Speaker 9: bigger issue to me is something like a margin call

610
00:32:06,520 --> 00:32:08,480
Speaker 9: and a credit event that all of a sudden things

611
00:32:08,480 --> 00:32:10,680
Speaker 9: start to spin where you just can't control them. And

612
00:32:10,760 --> 00:32:12,640
Speaker 9: that's why you've got to be very careful in this.

613
00:32:12,720 --> 00:32:15,840
Speaker 9: I know President Trump is monitoring it with his team

614
00:32:15,880 --> 00:32:18,640
Speaker 9: of Scott Bessant and the people over at the Treasury,

615
00:32:18,680 --> 00:32:21,320
Speaker 9: and also Peter Navarre. But Peter Navara is out there

616
00:32:21,320 --> 00:32:24,560
Speaker 9: and Peter Navarro talking for President Trump ain't backing down

617
00:32:24,600 --> 00:32:29,200
Speaker 9: an inch the others geopolitically. And this is critical because

618
00:32:29,280 --> 00:32:32,840
Speaker 9: the trade deficit and the debt is in our inextricuary linked.

619
00:32:32,840 --> 00:32:35,440
Speaker 9: They're kind of two sides of the same coin, and

620
00:32:35,520 --> 00:32:38,400
Speaker 9: that is America spread out over Hell's half Acre and

621
00:32:38,480 --> 00:32:41,800
Speaker 9: everybody taking advantage of us. Now the massive pivot that

622
00:32:41,920 --> 00:32:44,440
Speaker 9: President Trump has had, because you think about it, we're

623
00:32:44,440 --> 00:32:47,280
Speaker 9: not going to be spending the money on defending Western

624
00:32:47,320 --> 00:32:50,000
Speaker 9: Europe or the Golf Emirates or even around the South

625
00:32:50,080 --> 00:32:52,720
Speaker 9: China See. Eventually this is all going to go back

626
00:32:52,760 --> 00:32:55,320
Speaker 9: to hemispheric a hemispheric.

627
00:32:54,720 --> 00:32:58,040
Speaker 2: Defense, not that those those areas are not important.

628
00:32:58,040 --> 00:33:00,520
Speaker 9: And quite frankly, the South China See and around Taiwan,

629
00:33:00,560 --> 00:33:03,920
Speaker 9: whether they have those chip plants is vitally important to

630
00:33:03,920 --> 00:33:04,440
Speaker 9: our economy.

631
00:33:04,480 --> 00:33:06,560
Speaker 2: Whether you like it or not, whether you take the high.

632
00:33:06,400 --> 00:33:09,720
Speaker 9: Moral ground that Taiwan's independent, you just say, hey, I

633
00:33:09,720 --> 00:33:12,800
Speaker 9: don't care, and we're never going to defend them.

634
00:33:13,120 --> 00:33:15,280
Speaker 2: The geopolitical pivot is.

635
00:33:15,360 --> 00:33:17,680
Speaker 9: Monumental, and he's saying, we're going to go back to

636
00:33:17,720 --> 00:33:20,640
Speaker 9: the Monroe doctrine two point zero. We're basically going and

637
00:33:20,640 --> 00:33:23,479
Speaker 9: part of that's manifest destiny. And here it is the

638
00:33:23,520 --> 00:33:26,720
Speaker 9: pivot of the world is not the Eurasian land mass.

639
00:33:26,760 --> 00:33:29,960
Speaker 9: It is not Mackinder's. Whoever controls the Eurasian land mass

640
00:33:30,000 --> 00:33:33,160
Speaker 9: controls the world. He's saying, the pivot for the United

641
00:33:33,200 --> 00:33:38,160
Speaker 9: States of America is the vast Pacific. Okay, starting at

642
00:33:38,160 --> 00:33:40,800
Speaker 9: those three island chains, that vast Pacific that is a

643
00:33:40,960 --> 00:33:44,640
Speaker 9: natural barrier to the Eurasian land mass and protects the

644
00:33:44,720 --> 00:33:48,160
Speaker 9: United States if you look on its east coast. What

645
00:33:48,200 --> 00:33:50,560
Speaker 9: you have to do is go from Greenland all the

646
00:33:50,560 --> 00:33:53,240
Speaker 9: way to the Panama Canal. You go from Greenland to

647
00:33:53,240 --> 00:33:57,120
Speaker 9: the Panama Canal, You take the Panama Canal, you work

648
00:33:57,160 --> 00:34:00,360
Speaker 9: out something with Greenland, You establish naval bases there, particularly

649
00:34:00,400 --> 00:34:03,920
Speaker 9: submarine bases. You've blocked the Russian navy from the Arctic.

650
00:34:04,520 --> 00:34:06,880
Speaker 9: You actually have a play then to make sure that China,

651
00:34:07,280 --> 00:34:10,080
Speaker 9: the CCP and the Russians can't come at you through

652
00:34:10,120 --> 00:34:14,160
Speaker 9: the Arctic. In addition, you clean out the CCP in

653
00:34:14,440 --> 00:34:17,440
Speaker 9: the Caribbean, which has been absolutely horrific and setting ourselves

654
00:34:17,520 --> 00:34:20,600
Speaker 9: up for another Cuban missile crisis around Cuba or.

655
00:34:20,560 --> 00:34:22,280
Speaker 2: Bahamas is one of these other locations.

656
00:34:22,320 --> 00:34:25,800
Speaker 9: With the CCPs all over, you control the Panama Canal

657
00:34:26,080 --> 00:34:29,680
Speaker 9: and the CCP's navy goes back past the three island chains.

658
00:34:30,200 --> 00:34:34,680
Speaker 9: And Bob's your uncle today Pete Hagsath And remember Pete

659
00:34:34,719 --> 00:34:39,280
Speaker 9: started his tour by doing what flying over the vast Pacific,

660
00:34:39,320 --> 00:34:42,359
Speaker 9: which is the heartland of the United States, strategically to

661
00:34:42,400 --> 00:34:46,160
Speaker 9: Hawaii the third island chain, then to Guam the second

662
00:34:46,200 --> 00:34:48,880
Speaker 9: island chain, and then to the Philippines in Japan the

663
00:34:48,920 --> 00:34:53,400
Speaker 9: first island chain. Today, the Secretary of Defense will leave

664
00:34:53,480 --> 00:34:56,560
Speaker 9: early this afternoon and go where he will go to

665
00:34:56,640 --> 00:35:00,440
Speaker 9: Panama after jd vance. The Vice President I State with

666
00:35:00,960 --> 00:35:03,520
Speaker 9: Walts and then as security Guiser last week went to

667
00:35:03,880 --> 00:35:08,840
Speaker 9: where Greenland. Today going with him is our own Raheem Cassam.

668
00:35:08,920 --> 00:35:11,160
Speaker 9: Raheem put it in perspective. How important is this The

669
00:35:11,160 --> 00:35:14,319
Speaker 9: Secretary of Defense is actually going down to begin the

670
00:35:14,360 --> 00:35:18,320
Speaker 9: process of our reclaiming the Panama Canal from the Chinese

671
00:35:18,360 --> 00:35:19,040
Speaker 9: companist party.

672
00:35:19,080 --> 00:35:22,719
Speaker 12: Sir, Yeah, thanks Steve, thanks for having me, and be

673
00:35:22,760 --> 00:35:25,600
Speaker 12: shortly leaving here for Andrew's Air Force Base. We'll be

674
00:35:25,640 --> 00:35:29,399
Speaker 12: traveling with the Secretary of Defense over there to Panama.

675
00:35:29,760 --> 00:35:31,239
Speaker 10: He has a packed out schedule over.

676
00:35:31,200 --> 00:35:34,360
Speaker 12: The next three days, and I'll be bringing coverage live

677
00:35:34,560 --> 00:35:37,160
Speaker 12: on all social media platforms and on the national Pulse

678
00:35:37,200 --> 00:35:39,520
Speaker 12: for it. And it really revolves around exactly what you're

679
00:35:39,560 --> 00:35:42,640
Speaker 12: talking about, right, It's been a long time since we've

680
00:35:42,680 --> 00:35:49,040
Speaker 12: seen an assertion of American strength, manifest destiny, the idea

681
00:35:49,200 --> 00:35:52,520
Speaker 12: that you can actually, like JD. Vonn said early on

682
00:35:52,520 --> 00:35:56,359
Speaker 12: in the administration, do things unlike the Obama administration, unlike

683
00:35:56,400 --> 00:35:59,920
Speaker 12: the Biden administration. And it's critical because it fits not

684
00:36:00,360 --> 00:36:04,120
Speaker 12: just in fact, it doesn't even fit this current administration

685
00:36:04,520 --> 00:36:07,360
Speaker 12: and its next three to four years. What it is,

686
00:36:07,560 --> 00:36:10,040
Speaker 12: it's about the future of American security, it's about the

687
00:36:10,040 --> 00:36:14,640
Speaker 12: future of shipping, it's about the future of US military

688
00:36:14,640 --> 00:36:18,440
Speaker 12: and power projection. And this is not the first step,

689
00:36:18,520 --> 00:36:21,080
Speaker 12: as you said, and it certainly won't be the last.

690
00:36:21,360 --> 00:36:22,080
Speaker 10: Because what I.

691
00:36:22,000 --> 00:36:25,560
Speaker 12: Intend to bring up with the Secretary today and tomorrow

692
00:36:26,080 --> 00:36:32,040
Speaker 12: along the trip is other American critical pivot points around

693
00:36:32,040 --> 00:36:37,920
Speaker 12: the world that have not just been left degraded over

694
00:36:38,080 --> 00:36:43,640
Speaker 12: time and abandoned almost by the previous administrations, but also

695
00:36:43,880 --> 00:36:46,480
Speaker 12: that are now currently in the process of being traded

696
00:36:46,560 --> 00:36:50,200
Speaker 12: away by America's so called allies. One of those, as

697
00:36:50,239 --> 00:36:53,200
Speaker 12: a lot of your audience knows, because I know Nigel

698
00:36:53,200 --> 00:36:54,880
Speaker 12: Faraj has been on this show to talk about it

699
00:36:54,920 --> 00:36:58,480
Speaker 12: in the past, are the Chegos Silence and Diego Garcia

700
00:36:58,920 --> 00:37:02,760
Speaker 12: being a critical base over there in the Indian Ocean,

701
00:37:03,640 --> 00:37:07,080
Speaker 12: and the British Labor government is in the well they

702
00:37:07,080 --> 00:37:10,840
Speaker 12: think the endgame of giving these islands away effectively to

703
00:37:10,920 --> 00:37:13,799
Speaker 12: the Chinese Communist Party. So there's a lot at stake

704
00:37:13,880 --> 00:37:15,920
Speaker 12: over the course of this trip, and there's a lot

705
00:37:16,320 --> 00:37:18,440
Speaker 12: that I intend to get out of the get out

706
00:37:18,440 --> 00:37:20,440
Speaker 12: of the Secretary of Defense along the next few days.

707
00:37:22,600 --> 00:37:23,239
Speaker 2: A couple of things.

708
00:37:23,320 --> 00:37:24,640
Speaker 9: Number one, and we're going to hold you through the

709
00:37:24,640 --> 00:37:26,520
Speaker 9: break here him because I've got a lot of questions

710
00:37:26,560 --> 00:37:30,960
Speaker 9: about this as we monitor the geoeconomics of this in Panama.

711
00:37:31,040 --> 00:37:34,640
Speaker 9: I mean, the thoughts are right now the CCP is

712
00:37:34,680 --> 00:37:39,839
Speaker 9: held up Larry fink In was it Blackstone or black

713
00:37:39,960 --> 00:37:44,000
Speaker 9: Rock actually purchasing from was it Lee? Kl Shang and

714
00:37:44,360 --> 00:37:48,279
Speaker 9: Hutchinson Wampoa. The entire Steve Adore operation are actually the

715
00:37:48,320 --> 00:37:51,080
Speaker 9: management of the ports, not the managemer of the locks.

716
00:37:51,480 --> 00:37:54,000
Speaker 9: The manager of the locks are with the Panamanium government.

717
00:37:54,040 --> 00:37:57,320
Speaker 9: And that's what I believe the United States will slide into.

718
00:37:57,760 --> 00:38:02,000
Speaker 9: But the docks themselves, the actual operation of taking cargo

719
00:38:02,080 --> 00:38:06,160
Speaker 9: on and off that has been blocked. Number two, you

720
00:38:06,200 --> 00:38:08,920
Speaker 9: have this whole issue of the Caribbean right what's got

721
00:38:08,960 --> 00:38:11,640
Speaker 9: to happen there is you know, you got Venezuela. But

722
00:38:11,680 --> 00:38:15,160
Speaker 9: most importantly you saw the weekend millions of people in

723
00:38:15,239 --> 00:38:19,520
Speaker 9: the streets in Brazil to support Bolsonar and and we'll

724
00:38:19,520 --> 00:38:22,360
Speaker 9: talk later about Lea Penn in the in the millions in.

725
00:38:22,360 --> 00:38:25,160
Speaker 2: The street in Paris standing up for the Penn.

726
00:38:25,680 --> 00:38:29,239
Speaker 9: But what you're there with, Pete, that whole geostrategy, like

727
00:38:29,280 --> 00:38:31,840
Speaker 9: what is our what is the methodology we're going to do?

728
00:38:32,320 --> 00:38:34,200
Speaker 2: How important is this? Are we also going to block

729
00:38:34,239 --> 00:38:36,359
Speaker 2: the Darien gap? Barber down there? What does it mean

730
00:38:36,400 --> 00:38:37,080
Speaker 2: for the Caribbean?

731
00:38:37,440 --> 00:38:39,680
Speaker 9: And why is no one in the US government to date,

732
00:38:40,080 --> 00:38:42,880
Speaker 9: standing up and vocally saying, hey, what's going on in

733
00:38:42,920 --> 00:38:46,120
Speaker 9: Brazil where they're trying to put Bolsonar in prison and

734
00:38:46,239 --> 00:38:49,520
Speaker 9: actually having assassinated We won't allow happen.

735
00:38:49,760 --> 00:38:49,960
Speaker 2: Sir.

736
00:38:52,000 --> 00:38:53,680
Speaker 10: Yeah, I mean, you know, the.

737
00:38:55,640 --> 00:38:58,239
Speaker 12: Kind of the problem that you've laid out is and

738
00:38:58,280 --> 00:39:00,799
Speaker 12: I didn't if you might be saying this that you're

739
00:39:00,800 --> 00:39:01,879
Speaker 12: not in the administration.

740
00:39:02,200 --> 00:39:03,520
Speaker 10: You know, there are.

741
00:39:03,520 --> 00:39:08,440
Speaker 12: Very few characters in the world who could in a

742
00:39:08,520 --> 00:39:11,680
Speaker 12: sixty second thing like you just did pull all of

743
00:39:11,719 --> 00:39:14,719
Speaker 12: those things together. And this I know for a fact

744
00:39:14,800 --> 00:39:16,880
Speaker 12: that while this administration is doing as much as it

745
00:39:16,960 --> 00:39:19,360
Speaker 12: can do, a lot of this stuff is new to

746
00:39:19,400 --> 00:39:21,480
Speaker 12: a lot of the new actors in there. A lot

747
00:39:21,520 --> 00:39:23,480
Speaker 12: of the people that are now in these positions of

748
00:39:23,520 --> 00:39:26,799
Speaker 12: power have not necessarily been you know, banning babies for

749
00:39:26,840 --> 00:39:29,640
Speaker 12: the last ten to fifteen years and heard all of

750
00:39:29,680 --> 00:39:31,960
Speaker 12: these arguments and understand this, and they're getting to grips

751
00:39:31,960 --> 00:39:34,200
Speaker 12: with it right now. I hear that stuff all the time,

752
00:39:34,880 --> 00:39:36,839
Speaker 12: and people reach out to me all the time.

753
00:39:36,880 --> 00:39:38,480
Speaker 10: It's like, Okay, yeah, what do we do here? What

754
00:39:38,480 --> 00:39:39,400
Speaker 10: are we paying attention to do there?

755
00:39:39,400 --> 00:39:41,799
Speaker 12: What's going on with the pen All of this stuff

756
00:39:42,520 --> 00:39:45,120
Speaker 12: and as you know, in the coming up of government,

757
00:39:45,440 --> 00:39:47,360
Speaker 12: it's one thing then to understand it.

758
00:39:47,360 --> 00:39:49,960
Speaker 10: It's a totally other thing to act on it.

759
00:39:50,600 --> 00:39:52,839
Speaker 12: And right now, you know, I don't mean this as

760
00:39:52,880 --> 00:39:55,160
Speaker 12: an insult in any way, but they're clearly still finding

761
00:39:55,200 --> 00:39:58,520
Speaker 12: their feet. I mean they're still clearly still finding personnel

762
00:39:59,480 --> 00:40:03,920
Speaker 12: and and if anything must be done between now and summer,

763
00:40:04,200 --> 00:40:06,160
Speaker 12: it's to finalize and fill all those positions, because you

764
00:40:06,200 --> 00:40:10,520
Speaker 12: actually don't have people who are willing to execute on

765
00:40:10,600 --> 00:40:12,520
Speaker 12: things like what's going on in Brazil, on things like

766
00:40:12,600 --> 00:40:15,560
Speaker 12: what's going on in France. And well, look, I think

767
00:40:15,560 --> 00:40:18,200
Speaker 12: the Vice President's team who I talked to quite often

768
00:40:18,920 --> 00:40:21,759
Speaker 12: have a very firm grasp of especially what's going on

769
00:40:21,800 --> 00:40:23,719
Speaker 12: in Europe. We saw that during the Paris and the

770
00:40:23,800 --> 00:40:26,879
Speaker 12: Munich trip. They can't do the work of the State

771
00:40:26,960 --> 00:40:30,080
Speaker 12: Department themselves from the VP's office. So we need we

772
00:40:30,120 --> 00:40:31,320
Speaker 12: need more talented people.

773
00:40:32,000 --> 00:40:33,720
Speaker 10: Steve. We might have to get you at a Secretary

774
00:40:33,719 --> 00:40:34,200
Speaker 10: of State at.

775
00:40:34,160 --> 00:40:39,520
Speaker 9: Some point, and I don't know, I got I got

776
00:40:39,520 --> 00:40:42,600
Speaker 9: a full time perchure. Now that you abandon me, raheem

777
00:40:42,680 --> 00:40:44,640
Speaker 9: to travel the world, We're gonna come back. We're going

778
00:40:44,719 --> 00:40:46,480
Speaker 9: to talk about dere Gersia, some other things.

779
00:40:46,360 --> 00:40:48,960
Speaker 2: That go through with Raheem on a.

780
00:40:48,520 --> 00:40:53,040
Speaker 9: Weekend of geopolitics and geoeconomics. We're in a live fire

781
00:40:53,160 --> 00:40:58,440
Speaker 9: exercise in world markets this morning in the war room.

782
00:40:58,760 --> 00:41:00,759
Speaker 11: Since Trump has gotten back to White House, we are

783
00:41:00,800 --> 00:41:05,640
Speaker 11: seeing prominent Republicans in Congress directly criticize his actions.

784
00:41:05,760 --> 00:41:09,080
Speaker 2: People as you heard, like Ted Cruz, like Rand Paul.

785
00:41:09,200 --> 00:41:13,120
Speaker 11: In fact, I don't see many Republican leaders coming forward

786
00:41:13,160 --> 00:41:15,840
Speaker 11: to defend what Donald Trump has done.

787
00:41:16,200 --> 00:41:17,360
Speaker 2: The reason here is simple.

788
00:41:17,400 --> 00:41:21,200
Speaker 11: Trump is not just gambling with the American economy. Here,

789
00:41:21,239 --> 00:41:25,880
Speaker 11: he is putting Republican political fortunes at risk. We see

790
00:41:26,000 --> 00:41:29,960
Speaker 11: some of the biggest stock market declines since the Great Depression,

791
00:41:30,280 --> 00:41:33,720
Speaker 11: dire warnings of a recession of inflation, and not because

792
00:41:33,719 --> 00:41:35,399
Speaker 11: of outside forces like.

793
00:41:35,400 --> 00:41:37,040
Speaker 2: A pandemic, but because of the.

794
00:41:37,080 --> 00:41:41,479
Speaker 11: Direct actions of the Republican President. Rand Paul, for one,

795
00:41:42,080 --> 00:41:45,480
Speaker 11: is predicting dire consequences for his parties. For his party,

796
00:41:45,560 --> 00:41:48,360
Speaker 11: this goes forward, dire consequences.

797
00:41:47,719 --> 00:41:51,040
Speaker 2: He says, that could take years to overcome. Some Republicans.

798
00:41:51,080 --> 00:41:53,240
Speaker 4: Also the question whether the president has the legal authority

799
00:41:53,280 --> 00:41:55,880
Speaker 4: to impose these tariffs that he has imposed, and these

800
00:41:55,960 --> 00:41:58,320
Speaker 4: legal challenges are coming George.

801
00:41:58,480 --> 00:42:01,439
Speaker 2: This is important. There will be legal.

802
00:42:01,160 --> 00:42:04,840
Speaker 11: Challenges to these tariffs, possibly by the end of the week.

803
00:42:05,920 --> 00:42:10,160
Speaker 11: I spoke to a prominent Republican, a conservative legal figure

804
00:42:10,200 --> 00:42:13,080
Speaker 11: last night. This is somebody close to the President who

805
00:42:13,120 --> 00:42:16,080
Speaker 11: told me that he believes that the Supreme Court would

806
00:42:16,360 --> 00:42:21,080
Speaker 11: likely declare the president's actions unconstitutional. The issue here is

807
00:42:21,120 --> 00:42:24,080
Speaker 11: the authority he has cited that the Emergency Power Act

808
00:42:24,120 --> 00:42:26,560
Speaker 11: that he has cited does not explicitly give him the

809
00:42:26,600 --> 00:42:30,919
Speaker 11: right to impose tariffs. And also is the big question

810
00:42:31,040 --> 00:42:33,880
Speaker 11: is what is the emergency that he is solving in

811
00:42:34,440 --> 00:42:35,600
Speaker 11: imposing these tariffs.

812
00:42:37,320 --> 00:42:40,440
Speaker 9: Okay, the important thing there, Rahim, is what Jonathan Carl's

813
00:42:40,480 --> 00:42:46,319
Speaker 9: reporting is about, quote unquote Conservatives and Republicans. A Republican

814
00:42:46,400 --> 00:42:49,560
Speaker 9: revolt in the Senate led by Ted Cruise, although Ted

815
00:42:49,600 --> 00:42:51,920
Speaker 9: Cruise is not really it's really Steve Danes and these

816
00:42:51,960 --> 00:42:54,280
Speaker 9: guys behind the scenes. You already got seven on the record,

817
00:42:54,880 --> 00:42:59,440
Speaker 9: and a prominent legal figure read Leonard Leo in the

818
00:42:59,480 --> 00:43:03,360
Speaker 9: Federal Society is going to come in because that's that

819
00:43:03,440 --> 00:43:07,120
Speaker 9: whole Milton Friedman crowd right that they're are coming for Trump.

820
00:43:07,280 --> 00:43:09,880
Speaker 2: They're all coming for the economic naturist. They're going to

821
00:43:09,880 --> 00:43:11,600
Speaker 2: try to go to and think about it.

822
00:43:11,920 --> 00:43:13,879
Speaker 9: They're going to go to the courts, and they helped

823
00:43:13,920 --> 00:43:15,279
Speaker 9: the Supreme Court bails them out.

824
00:43:15,320 --> 00:43:20,200
Speaker 12: Your thoughts are, yeah, look, my initial reactions to all

825
00:43:20,239 --> 00:43:22,240
Speaker 12: of that is, you know, for the for the crowd

826
00:43:22,280 --> 00:43:26,560
Speaker 12: that's been screaming, you know, Fiat currency and audit, the

827
00:43:26,640 --> 00:43:29,520
Speaker 12: FED and all of this stuff, there's certainly very quick

828
00:43:29,560 --> 00:43:35,440
Speaker 12: to defend big corporate interest, which is nothing like the

829
00:43:36,440 --> 00:43:38,960
Speaker 12: you know, the in Ran novels that they keep tucked

830
00:43:39,000 --> 00:43:42,080
Speaker 12: in their beds with them every night. And and it's

831
00:43:42,360 --> 00:43:45,840
Speaker 12: it's not just hypocritical, it actually shows a strain of

832
00:43:47,080 --> 00:43:52,240
Speaker 12: deceit that still runs deep through the Republican central party

833
00:43:52,239 --> 00:43:57,279
Speaker 12: apparatus that I've talked about this for years now, but

834
00:43:57,360 --> 00:43:59,680
Speaker 12: we talked about it. What last week when we talked

835
00:43:59,680 --> 00:44:02,280
Speaker 12: about what's going on in the Republican Party of Texas.

836
00:44:02,680 --> 00:44:04,799
Speaker 12: You look at what's going on, by the way, in

837
00:44:04,880 --> 00:44:08,719
Speaker 12: the Republican Party of Florida at the moment where even

838
00:44:08,760 --> 00:44:11,440
Speaker 12: Governor DeSantis is having to fight off rhinos in his

839
00:44:11,560 --> 00:44:14,680
Speaker 12: state House who are attempting to stop him from making

840
00:44:14,719 --> 00:44:17,240
Speaker 12: any strategic reforms in the state.

841
00:44:17,920 --> 00:44:20,319
Speaker 10: And the same thing is happening here on Capitol hill.

842
00:44:20,440 --> 00:44:24,279
Speaker 12: Look, I know it's it doesn't even need saying, but

843
00:44:24,400 --> 00:44:26,000
Speaker 12: these people will revert to type.

844
00:44:26,120 --> 00:44:27,279
Speaker 2: Why take a.

845
00:44:27,200 --> 00:44:30,319
Speaker 12: Look at their FEC declarations, take a look at who

846
00:44:30,680 --> 00:44:33,560
Speaker 12: donates to their packs. You know, these are the same people,

847
00:44:33,560 --> 00:44:37,480
Speaker 12: and they're they're burning down the phone lines. They're not

848
00:44:37,600 --> 00:44:41,000
Speaker 12: your senators and congressmen, ladies and gentlemen, they're their senators

849
00:44:41,000 --> 00:44:44,120
Speaker 12: and congressmen. They're burning down the phone lines all weekend

850
00:44:44,200 --> 00:44:45,759
Speaker 12: to these people saying, hey, you get in there on

851
00:44:45,800 --> 00:44:47,959
Speaker 12: Monday and you stop this guy.

852
00:44:48,040 --> 00:44:49,840
Speaker 10: You stop him ruining our monopoly.

853
00:44:50,120 --> 00:44:52,440
Speaker 12: You stop him ruining our markets, in our wealth and

854
00:44:52,520 --> 00:44:55,880
Speaker 12: our richness. And listen, since two thousand and eight to

855
00:44:56,000 --> 00:45:00,080
Speaker 12: twenty twenty one, we have seen the largest wealth trans

856
00:45:00,280 --> 00:45:04,200
Speaker 12: was inhuman history. And the people who got not just rich,

857
00:45:04,320 --> 00:45:09,480
Speaker 12: not just wealthy, not just did well. They became obscenely, absurdly,

858
00:45:09,840 --> 00:45:11,680
Speaker 12: satanically wealthy.

859
00:45:11,840 --> 00:45:12,240
Speaker 8: Greed.

860
00:45:12,719 --> 00:45:15,120
Speaker 10: Greed is in their eyes and in their hearts.

861
00:45:15,520 --> 00:45:17,880
Speaker 12: These are the people who are saying, hey, you know,

862
00:45:17,920 --> 00:45:20,120
Speaker 12: one of my billions is missing. Now I'm going to

863
00:45:20,200 --> 00:45:22,640
Speaker 12: need that back. And it's at a cost to you,

864
00:45:22,840 --> 00:45:25,080
Speaker 12: lady and gentlemen. It's a cost to the manufacturing base

865
00:45:25,120 --> 00:45:27,920
Speaker 12: of this country. It's at a cost to the nation's

866
00:45:28,160 --> 00:45:32,000
Speaker 12: own security, right the very fact that you are not

867
00:45:32,080 --> 00:45:35,000
Speaker 12: manufacturing things in this country. You are going to turn

868
00:45:35,080 --> 00:45:37,880
Speaker 12: out like the United Kingdom if you continue down this

869
00:45:38,040 --> 00:45:42,560
Speaker 12: road of having creating nothing and having nothing. And for

870
00:45:42,640 --> 00:45:45,400
Speaker 12: these people who sit half a mile down the street

871
00:45:45,440 --> 00:45:48,360
Speaker 12: from me in the Capitol to be doing the bidding

872
00:45:49,400 --> 00:45:51,439
Speaker 12: of these major corporates.

873
00:45:51,040 --> 00:45:53,719
Speaker 10: Who are who are who are peeved.

874
00:45:53,680 --> 00:45:56,160
Speaker 12: This Monday morning that they lost a couple or more

875
00:45:56,200 --> 00:46:00,759
Speaker 12: points on their stock valuations without recognizing, without realizing, and

876
00:46:00,800 --> 00:46:03,160
Speaker 12: without even paying heed to the fact that Donald J.

877
00:46:03,239 --> 00:46:06,520
Speaker 12: Trump walked onto that campaign stage, on that rally stage

878
00:46:06,600 --> 00:46:09,960
Speaker 12: every single day during the campaign, and he told people

879
00:46:10,000 --> 00:46:11,560
Speaker 12: he was going to do this, and he warned them

880
00:46:11,560 --> 00:46:13,960
Speaker 12: that tariffs were coming. Did they think he was joking?

881
00:46:14,239 --> 00:46:16,439
Speaker 12: Did they think it was a game. Well, now they're

882
00:46:16,480 --> 00:46:18,240
Speaker 12: finding out what it's like to be on the receiving

883
00:46:18,360 --> 00:46:20,840
Speaker 12: end of that game, and on the receiving end of

884
00:46:20,880 --> 00:46:23,520
Speaker 12: being treated like the Pool were treated during the market

885
00:46:23,520 --> 00:46:25,080
Speaker 12: crash in two thousand and eight, and like the Pool

886
00:46:25,120 --> 00:46:29,040
Speaker 12: were treated during COVID strip their money. Who cares about them? Well,

887
00:46:29,080 --> 00:46:31,600
Speaker 12: I got news for you. Who cares about you? Corporate America.

888
00:46:34,200 --> 00:46:37,399
Speaker 9: The commodity prices are driving to all all the commodities,

889
00:46:37,680 --> 00:46:41,239
Speaker 9: so inflation that is going to I think dramatically decrease.

890
00:46:41,320 --> 00:46:43,399
Speaker 9: All this nonsense about the prices going up. I don't

891
00:46:43,400 --> 00:46:46,040
Speaker 9: think it's going to happen. Let's play your favorite person

892
00:46:46,400 --> 00:46:49,680
Speaker 9: stepped to the microphone to submit. Let's go ahead and

893
00:46:49,680 --> 00:46:51,719
Speaker 9: play this a raheem and have your commentary.

894
00:46:52,600 --> 00:46:55,960
Speaker 13: We stand ready to negotiate with the United States. Indeed,

895
00:46:56,000 --> 00:46:59,960
Speaker 13: we have offered zero for zero tariff's for industrial goods.

896
00:47:00,080 --> 00:47:03,960
Speaker 13: We have successfully done with many other trading partners because

897
00:47:04,000 --> 00:47:07,880
Speaker 13: Europe is always ready for a good deal, so we keep.

898
00:47:07,640 --> 00:47:08,600
Speaker 2: It on the table.

899
00:47:08,760 --> 00:47:12,520
Speaker 13: But we are also prepared to respond through countermeasures and

900
00:47:12,760 --> 00:47:14,279
Speaker 13: defend our interests.

901
00:47:16,560 --> 00:47:17,920
Speaker 2: Okay, right there at raheem.

902
00:47:18,000 --> 00:47:20,160
Speaker 9: And by the way, it's the non tear of barriers

903
00:47:20,600 --> 00:47:22,879
Speaker 9: that they that the Germans particular this way, I see

904
00:47:22,880 --> 00:47:27,200
Speaker 9: no American cars in Europe. Raheem your response to the

905
00:47:27,360 --> 00:47:28,520
Speaker 9: head of the European Union.

906
00:47:29,480 --> 00:47:31,000
Speaker 12: You know, just before I do that, do you know

907
00:47:31,040 --> 00:47:33,040
Speaker 12: what winds me up so much about this at a

908
00:47:33,080 --> 00:47:36,600
Speaker 12: personal level is that you know, my parents lost everything

909
00:47:36,640 --> 00:47:40,000
Speaker 12: in nineteen ninety two when George Soros short at the Pound,

910
00:47:40,560 --> 00:47:45,040
Speaker 12: and I lived firsthand what Americans have had to live

911
00:47:45,080 --> 00:47:46,759
Speaker 12: firsthand since two thousand and eight.

912
00:47:47,160 --> 00:47:50,240
Speaker 10: Right, I've seen it. I've seen the look in my father's.

913
00:47:49,760 --> 00:47:53,160
Speaker 12: Eyes, you know, going through that process of bankruptcy, of

914
00:47:53,239 --> 00:47:57,040
Speaker 12: losing everything, and suddenly you know, this man comes along

915
00:47:57,400 --> 00:48:00,319
Speaker 12: called Donald Trump, and he promises. He doesn't just say yes,

916
00:48:00,719 --> 00:48:04,560
Speaker 12: he pledges. He swears an oath. In fact, if anybody

917
00:48:04,560 --> 00:48:08,040
Speaker 12: forgot what he was going to do, what he said

918
00:48:08,080 --> 00:48:10,000
Speaker 12: he was going to do on the campaign trail, he

919
00:48:10,000 --> 00:48:12,440
Speaker 12: would enact as president of the United States in America's

920
00:48:12,560 --> 00:48:15,600
Speaker 12: national interests. And that's what he's doing. And I could

921
00:48:15,760 --> 00:48:18,279
Speaker 12: you know, I don't expect anything more from the Democrats.

922
00:48:19,040 --> 00:48:22,520
Speaker 2: Go ahead, but hang on, just hang on.

923
00:48:22,560 --> 00:48:24,319
Speaker 9: I know you get a bolt to Andrews, but I'm

924
00:48:24,320 --> 00:48:28,400
Speaker 9: gonna hold you through a ninety second break. As we

925
00:48:28,480 --> 00:48:32,160
Speaker 9: start our two Rahiem Kassam's with us. He's about to

926
00:48:32,239 --> 00:48:35,280
Speaker 9: head to Panama with the Secretary of Defense from Andrews

927
00:48:35,320 --> 00:48:39,000
Speaker 9: Air Force Base. Tom Fitten's going to join us right

928
00:48:39,080 --> 00:48:57,800
Speaker 9: efforts on a monumental historic Monday in the war room,