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Speaker 1: A good deal maker, had a special way about him,

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Speaker 1: and it was Steve knew very little about the subject matter.

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Speaker 2: Who does, but he learned it in about two hours.

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Speaker 1: And he's been fantastic. So I want to just thank Steve.

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Speaker 1: But they're going to be releasing he done in about

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Speaker 1: two hours from now, or sometime today, let's say. And

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Speaker 1: again they thought he was dead just a short while ago.

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Speaker 2: His parents are so happy. They're so happy.

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Speaker 1: So it's, as you know, it ends the only American

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Speaker 1: citizen's captured and held hostage by Hamas since October seventh,

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Speaker 1: twenty twenty three. And he's coming home to his parents,

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Speaker 1: which is really great news. I meant to me, it's

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Speaker 1: big news. They thought he was dead, so that's it.

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Speaker 1: So we'll be heading there and we'll be seeing three

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Speaker 1: primary countries. You know all about that, Saudi Arabia, uae Qatar.

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Speaker 1: On Thursday's meeting with Russia and Ukraine is very important.

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Speaker 1: I was very insisted that that meeting take place. I

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Speaker 1: think good things can come out of that meeting. Stop

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Speaker 1: the bloodshed of the horrible, the blood bath, but that

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Speaker 1: five thousand more, it's really much more trying to be

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Speaker 1: conservative more than five thousand soldiers Russian. They're not American soldiers.

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Speaker 1: They're from Russia, they're from Ukraine. But they're people, they're

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Speaker 1: human souls, and they're being killed at levels that we

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Speaker 1: haven't seen since the Second World War. And it's every week,

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Speaker 1: a lot of drone fighting. It's a whole new form of.

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Speaker 2: Warfare, and it's violent and vicious.

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Speaker 1: And so that's it. I'd like to go back to

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Speaker 1: China just for a second, very heavy on the fentanyl.

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Speaker 1: We're charging them, as you know, twenty percent for the

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Speaker 1: fact that they send fentanyl into our country, and they've

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Speaker 1: agreed that they're going to stop that, and you know,

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Speaker 1: they'll be rewarded by not having to pay, you know,

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Speaker 1: hundreds of billions of dollars in tariffs. So the fentanyl

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Speaker 1: should stop. It comes from China, it's amazing, and it

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Speaker 1: comes through our southern border, comes through our northern border too,

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Speaker 1: comes through Canada, and comes through our southern border, more

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Speaker 1: through much more through the southern border. But so that's

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Speaker 1: a very important subject to me because everybody in those

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Speaker 1: rooms lost friends or people that have family members that

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Speaker 1: have died of fentanyl. So there's a big incentive for

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Speaker 1: China to stop, and I take them at their word.

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Speaker 1: They're going to work on that. I think very hard.

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Speaker 1: And one thing would they work on something, they get

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Speaker 1: it done. So now I'm about to depart on a

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Speaker 1: historic visit. Some of you are going with us to

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Speaker 1: as I say, said Saudi Arabia, Qatar and United Arab Emirates.

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Speaker 1: Before I do, I'll sign one of the most consequential

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Speaker 1: executive orders in our country's history. I don't think there's

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Speaker 1: ever been anything signed like this, certainly not with respect

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Speaker 1: to healthcare, nothing even close. I'm delighted to be joined

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Speaker 1: on this occasion by Secretary of Health and Human Services,

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Speaker 1: Robert F.

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Speaker 2: Kennedy Junior, who is doing a really good job.

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Speaker 1: I have to tell you that the CMS administrator and

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Speaker 1: friend of mine, doctor Mehmet Oz, who is.

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Speaker 2: An amazing guy.

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Speaker 1: You know who's telling Bobby before Oz had a very

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Speaker 1: successful show. But it hurt his reputation because when you're

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Speaker 1: in show business, it hurts your reputation a little bit.

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Speaker 1: It's good for you, it's good for you, but in

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Speaker 1: terms of professionalism.

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Speaker 2: And being a doctor, it sort of hurts your reputation.

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Speaker 1: This guy went to the best schools, was the best

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Speaker 1: I mean, top top, top of the line. Then he

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Speaker 1: did a television show, became a success, made a lot

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Speaker 1: of money, all that stuff, but it sort of hurt him.

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Speaker 2: And you know who I compare that to. I hate

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Speaker 2: to say this, but a special woman, Janine Piro.

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Speaker 1: She was the toughest, smartest DA maybe in our countries,

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Speaker 1: in our cities and states history New York. She was

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Speaker 1: really tough, really shocked in she did a show and

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Speaker 1: people didn't.

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Speaker 2: Think of it quite the same way.

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Speaker 1: She became more of an entertainment person like us Os

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Speaker 1: is not an entertainment He's not really an entertainer, you

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Speaker 1: know the real story, and she isn't either.

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Speaker 2: She is unbelievable.

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Speaker 1: She was one of the strongest district attorneys in the

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Speaker 1: history of New York, highly respected, very tough, went after

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Speaker 1: the drug dealers at a level that you don't.

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Speaker 2: See today anymore.

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Speaker 1: And hopefully she's going to be She's giving up a

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Speaker 1: tremendous she's leaving the number one show on cable television,

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Speaker 1: one of the number one shows on television period, the Five.

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Speaker 1: But they've got great people left behind. But she was

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Speaker 1: a big part of it, and so I equated to that.

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Speaker 1: Janine Piro is unbelievable. FDA Commissioner doctor Marty McCarey, with

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Speaker 1: a reputation that's second to none, and the job he's

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Speaker 1: doing already has been fantastic. Thank you, Marty, and Director

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Speaker 1: of National Institute of Health, Jay Bardicheria, who has been,

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Speaker 1: as you know from Stanford, so highly regarded. And I've

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Speaker 1: all been working with us very hard on this. And

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Speaker 1: the question they would ask, being a little bit new

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Speaker 1: to the government aspect of it, is why hasn't why

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Speaker 1: doesn't somebody fight the drug price situation, meaning equalization. There's

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Speaker 1: a term, it's called equalization. Nobody wants to mention that term.

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Speaker 1: And I'm not knocking the drug companies. I'm really more

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Speaker 1: knocking the countries than the drug companies because they're forced

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Speaker 1: to do things. But the drug lobby is the strongest

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Speaker 1: lobby in this country. They say, the drug lobby. It's

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Speaker 1: between that and lawyer, and they have a lot of power.

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Speaker 1: But starting today, the United States will no longer subsidize

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Speaker 1: the healthcare of foreign.

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Speaker 2: Countries, which is what we were doing.

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Speaker 1: We were subsidizing others healthcare countries where they paid a

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Speaker 1: small fraction of what for the same drug that what

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Speaker 1: we pay many many times more for and will no

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Speaker 1: longer tolerate profiteering and price gouging from big pharma. But again,

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Speaker 1: it was really the countries that forced Big Farmer to

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Speaker 1: do things that frankly, I'm not sure they really felt

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Speaker 1: comfortable doing.

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Speaker 2: But they've gotten away with it. These countries.

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Speaker 1: European Union has been brutal, and the drug companies actually

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Speaker 1: told me, sirs, it was just brutal how they forced them,

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Speaker 1: and European Union suing all our companies, Apple, Google, Meta,

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Speaker 1: they're suing all of our companies.

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Speaker 2: They end up they have judges that are.

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Speaker 1: European Union centric and they get rewarded fifteen billion, seventeen billion,

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Speaker 1: twenty billion, and they use that to run their operation.

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Speaker 1: Not going to happen any longer that I can tell you.

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Speaker 1: So what's been happening is we've been subsidizing other countries

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Speaker 1: throughout the world, not just in Europe, throughout the world.

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Speaker 1: European Union was the most difficult from what I understand.

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Speaker 1: I mean, I'll tell you a story. Friend of mine

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Speaker 1: who's a business man, very very very top guy. Most

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Speaker 1: of you would have heard of him, a highly neurotic,

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Speaker 1: brilliant businessman, seriously overweight, and he takes the fat shot drug.

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Speaker 1: And he called me up and he said, President. He

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Speaker 1: used to call me Donald. Now he calls me President.

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Speaker 1: So that's nice respect. But it's a rough guy, smart guy,

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Speaker 1: very successful, very rich. I wouldn't even know how we

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Speaker 1: would know this, but because he's got comments the president,

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Speaker 1: could I ask you a question.

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Speaker 2: What I'm in London and I.

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Speaker 1: Just paid for this damn fat drug I take. I said,

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Speaker 1: it's not working, they said. He said, I just paid

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Speaker 1: eighty eight dollars, and in New York I paid thirteen

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Speaker 1: hundred dollars.

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Speaker 2: What the hell is going on? He said?

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Speaker 1: So I checked, and it's the same box, made in

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Speaker 1: the same plant by the same company.

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Speaker 2: It's the identical pill.

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Speaker 1: That I buy in New York. And here I'm paying

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Speaker 1: eighty eight dollars in London. In New York, I'm paying

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Speaker 1: thirteen hundred dollars. Now, this is a great businessman, but

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Speaker 1: he's not familiar with this crazy situation that we have.

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Speaker 2: But he was stunned. But it was just one of

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Speaker 2: those stories.

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Speaker 1: And I brought it up with the drug companies represented

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Speaker 1: by somebody who's very very smart, good person too, and

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Speaker 1: We all did about it for about half hour, and

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Speaker 1: then finally he just said, because they can't justify it.

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Speaker 2: He just said, look, you got me, you got me.

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Speaker 1: I can no longer just they've been they've been justifying

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Speaker 1: this crap for years. They said, oh, it's research and development,

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Speaker 1: where I said, well, research and development. Other countries should

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Speaker 1: pay research and development too, it's.

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Speaker 2: For their benefit. It was just one of those things.

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Speaker 1: And the other countries would set a price and they'd

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Speaker 1: meet the price, and they'd say, if you don't meet

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Speaker 1: the price, you can't sell it in our country. I said, well,

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Speaker 1: then you walk away, and you know they'll call you

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Speaker 1: back and they'll sell it in the country. But now

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Speaker 1: they'll have to do that. So for the first time

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Speaker 1: in many years, we'll slash the costs of prescription drugs

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Speaker 1: and we will bring fairness to America.

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Speaker 2: Drug prices will come down by much more.

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Speaker 1: Really, if you think fifty nine, if you think of

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Speaker 1: a drug that is sometimes ten times more expensive, it's

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Speaker 1: much more than the fifty nine percent. You know, it

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Speaker 1: depends on the way you want to analyze it, but

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Speaker 1: in one way you could analyze it that but between

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Speaker 1: fifty nine and eighty and I guess even ninety percent.

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Speaker 1: So when I worked so hard in the first term,

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Speaker 1: and if I got prices down, I remember I was

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Speaker 1: the only one to ever get prices down for a

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Speaker 1: full year.

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Speaker 2: But I'd get them down like two percent, and I

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Speaker 2: thought it was like a big deal. Well, we're getting them.

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Speaker 1: Down sixty seventy eighty ninety percent, but actually.

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Speaker 2: More than that if you think about it in the way.

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Speaker 1: Mathematically, and farmer has to say, we're sorry, but we'll

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Speaker 1: not be able to do this any longer. To these

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Speaker 1: to these countries that have been so tough, they've been

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Speaker 1: very tough, nasty. It's trade. It's trade, and farmer is

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Speaker 1: also very powerful. And the Democrats have protected farmer. The Democrats.

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Speaker 1: This is the Democrats have protected farmer. These are the Democrats.

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Speaker 1: And by the way, I just called.

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Speaker 2: The Speaker of.

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Speaker 1: The House, and I just called the lead our leader

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Speaker 1: in the Senate, John Tune, Mike Johnson spoke to both

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Speaker 1: of them. I said, when you score or you're going

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Speaker 1: to have to score two things. You're going to have

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Speaker 1: to number one, score that hundreds of billions of dollars

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Speaker 1: of tariff money is coming in.

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Speaker 2: But even bigger than that, you're going to have to

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Speaker 2: score the your.

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Speaker 1: Courts for medicaid and medicare, and just basically pharmaceuticals and

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Speaker 1: drugs is going down at a level that nobody has

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Speaker 1: ever seen before.

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Speaker 2: It'll pay for the Golden Dome. I see the Golden

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Speaker 2: Dome is there.

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Speaker 1: See that'll easily pay for the Golden Dome, and we'll

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Speaker 1: have a lot of money left over. We need the

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Speaker 1: Golden Dome.

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Speaker 2: By the way, in this world.

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Speaker 1: Although this world's a lot safer today than it was

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Speaker 1: a week ago, and a lot safer than it was

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Speaker 1: six months ago, we had people that had no clue

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Speaker 1: what they were doing. So today Americans spend seventy percent

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Speaker 1: more for prescription drugs than we spent.

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Speaker 2: In the year two thousand.

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Speaker 1: Think of that our country has the highest drug prices

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Speaker 1: anywhere in the world by sometimes a factor of five,

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Speaker 1: six seven, eight times. It's not like they're slightly hired

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Speaker 1: that six seven, eight times. There are even cases of

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Speaker 1: ten times higher, so that you go ten times more

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Speaker 1: expensive for the same drug.

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Speaker 2: That's big numbers.

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Speaker 1: Even though the United States is home to only four

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Speaker 1: percent of the world's population, pharmaceutical companies make more than

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Speaker 1: two thirds of their profits in America. So think of that,

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Speaker 1: with four percent of the population, the pharmaceutical companies make

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Speaker 1: most of their money, most of their profits from America.

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Speaker 1: That's not a good thing. Now, I think by the

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Speaker 1: way pharmaceuticals. I have great respect for these companies and

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Speaker 1: for the people that run them.

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Speaker 2: I really do.

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Speaker 1: And I think they did one of the greatest jobs

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Speaker 1: in history for their company, convincing people for many years.

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Speaker 2: That this was a fair system.

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Speaker 1: Never nobody really understood why, but I figured it out.

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Speaker 1: For years, pharmaceutical and drug companies have said that research

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Speaker 1: and development costs were what they are for no reason whatsoever.

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Speaker 1: They had to be borne by America alone. Not anymore

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Speaker 1: they don't. This means American patients were effectively subsidizing socialist

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Speaker 1: healthcare systems in Germany, in all parts of the European Union,

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Speaker 1: they were the toughest of all.

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Speaker 2: They were nasty, and I see that.

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Speaker 1: I see that with trade to European Union is in

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Speaker 1: many ways nastier than China.

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Speaker 2: Okay, and we've just started with them. Oh they'll come

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Speaker 2: down a lot.

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Speaker 1: You watch, we have all the cards. They treated us

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Speaker 1: very unfairly. They sell us thirteen million cars, We sell

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Speaker 1: them none. They sell us their agricultural products, We sell

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Speaker 1: them virtually none. They don't take our products. That gives

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Speaker 1: us all the cards and very unfair. So they're going

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Speaker 1: to have to pay more for health care and we're

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Speaker 1: going to have to pay less.

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Speaker 2: That's all it is.

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Speaker 1: And believe it or not, you know, because it's really

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Speaker 1: the world we're talking about, not just the European Union,

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Speaker 1: but because it's the world. The numbers are. The numbers

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Speaker 1: are for the healthcare company not as bad.

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Speaker 2: As you would think.

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Speaker 1: They'll make the same I think the healthcare company should

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Speaker 1: make pretty much the same money. I really don't believe

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Speaker 1: they're going to They should be affected very much because

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Speaker 1: it's just a redistribution of wealth. It's a redistribution where

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Speaker 1: it could be the same top line, but it's going

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Speaker 1: to be distributed differently. Europe's gonna have to pay a

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Speaker 1: little bit more, the rest of the world's going to

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Speaker 1: have to pay a little bit more.

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Speaker 2: In America is going to pay a lot less.

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Speaker 1: Again because we it's a much smaller population than when

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Speaker 1: you think of the whole world. So basically what we're

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Speaker 1: doing is equalizing. There's a new word that I came

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Speaker 1: up with which I think it's probably the best word.

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Speaker 1: We're going to equalize, where we're all going to pay

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Speaker 1: the same. We're going to pay what Europe's going to pay.

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Speaker 2: We're going to all pay.

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Speaker 1: Now, there may be some countries in dire need, and

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Speaker 1: I would be willing to sacrifice that and help them,

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Speaker 1: but it's called most favored nation. We are going to

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Speaker 1: pay the lowest price there is in the world. We

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Speaker 1: will get whoever is paying the lowest price, that's the

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Speaker 1: price that we're going to get.

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Speaker 2: So remember that.

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Speaker 1: So we're no longer paying ten times more than another country.

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Speaker 1: Whoever is paying the lowest price, we will look at

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Speaker 1: that price and we will say that's the price we're

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Speaker 1: going to.

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Speaker 2: Pay most Favored Nations. That's what it is.

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Speaker 1: One breast cancer drug costs Americans over sixteen thousand dollars

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Speaker 1: per bottle, but the same drug from the same factory,

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Speaker 1: manufactured by the same company is one sixth that price

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Speaker 1: in Australia and one tenth that price in Sweden one

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Speaker 1: tenth for the identical product. A common asthma drug costs

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Speaker 1: almost five hundred dollars here in America but costs less

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Speaker 1: than forty dollars in the United Kingdom. So forty dollars

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Speaker 1: in the United Kingdom, which is where this gentleman told

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Speaker 1: me he paid a small amount for his shot. But

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Speaker 1: think of that, So forty dollars versus five hundred dollars here,

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Speaker 1: that's not even better, much worse. Examples, and the weight

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Speaker 1: loss drug o zempic costs ten times more in the

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Speaker 1: United States than in the rest of the developed world,

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Speaker 1: ten times more. Why why what did we do?

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Speaker 2: Suckers?

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Speaker 1: But we never had a president that had the courage

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Speaker 1: to do this, and nobody knew the system.

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Speaker 2: Like I do. I mean, I've gotten another system so.

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Speaker 1: Well, and I don't think it's fair that it benefits

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Speaker 1: all Obamacare. Obamacare is a failure. It's not a good

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Speaker 1: healthcare it works.

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Speaker 2: I made it work.

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Speaker 1: I had an obligation to make it work or an

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Speaker 1: obligation to let it die. I chose that we had

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Speaker 1: to make it work. I had to make it as

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Speaker 1: good as possible. And I had a choice. I could

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Speaker 1: have let it fail or make it as good as possible.

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Speaker 1: As good as possible means it was still not very good,

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Speaker 1: but it was. It survived, and we did the right thing.

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Speaker 1: But this makes it just makes everything work, and I

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Speaker 1: don't want to have a bad form of healthcare work

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Speaker 1: because of the fact I was able to cut drug

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Speaker 1: prices by eighty or ninety percent, So we're going to

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Speaker 1: maybe come up with something. I think this gives the

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Speaker 1: Republicans a chance to actually do a healthcare that's much

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Speaker 1: better than Obamacare and for less money, which if you

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Speaker 1: guys would work on that along with Congress. But I

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Speaker 1: do want to say that Democrats could have done this

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Speaker 1: a long time ago. They have fought like hell for

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Speaker 1: the drug companies, and they knew they were doing the

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Speaker 1: wrong thing, and it's going to be very hard.

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Speaker 2: I was just telling the Leader and the Speaker that

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Speaker 2: it's going to be very hard.

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Speaker 1: For the Democrats to vote against the one big, beautiful deal,

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Speaker 1: the greatest tax cuts in history, greatest everything. But now

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Speaker 1: you have the big drug prices because that's going to

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Speaker 1: be included. It makes that whole situation different from a

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Speaker 1: scoring standpoint.

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Speaker 2: I just told them, I called them up about this.

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Speaker 1: I said, I'm going to do something that's going to

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Speaker 1: be very monumental, and you're going to be scoring. You

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Speaker 1: better tell your people that this is going to score

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Speaker 1: really well, and then add add hundreds of billions of

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Speaker 1: dollars in tariffs to your list also. But as big

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Speaker 1: as the tariffs are, this is something that really hits quickly.

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Speaker 1: Five years ago I signed an executive order to confront

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Speaker 1: this disaster, but only confronted in a minor way. It

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Speaker 1: was a good confrontation, but never to this extent, and

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Speaker 1: took people a little while to understand a very complicated system.

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Speaker 1: But Joe Biden, without any knowledge of what he was doing,

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Speaker 1: terminated the policy and then pretended to negotiate under a

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Speaker 1: new system.

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Speaker 2: And then you take a look.

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Speaker 1: Five out of the ten drugs that he negotiated are

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Speaker 1: now over two hundred percent more expensive in America than

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Speaker 1: the rest of the world, and far more expensive than

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Speaker 1: when he even got involved, much more expensive than when

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Speaker 1: he got involved. Joe Biden's plan was, as you know,

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Speaker 1: because you wrote about it, you don't say it very loudly,

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Speaker 1: but it was a very big failure was his whole presidency.

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Speaker 1: First time directing the US Trade Representatives and Department of

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Speaker 1: Commerce to begin investigations into foreign nations that extort drug

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Speaker 1: companies by blocking their products unless they accept bottom.

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Speaker 2: Line and very low dollar amounts for their.

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Speaker 1: Product, unfairly shifting the cost burden onto American patients.

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Speaker 2: We'll be taking a look at that very strongly.

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Speaker 1: The biggest thing we're going to do is we're going

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Speaker 1: to tell those countries, like those represented by the European

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Speaker 1: Union that.

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Speaker 2: You know, that game is up.

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Speaker 1: Sorry, and if they want to get cute, then they

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Speaker 1: don't have to sell cars into the United States anymore.

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Speaker 1: It's a very big subject, and they won't get cute

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Speaker 1: because I'll defend the drug companies from that standpoint.

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Speaker 2: They were given a price by the European Unions and

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Speaker 2: other countries. This is what you do. This is what

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Speaker 2: we're going to pay. We're not going to pay anymore.

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Speaker 1: Let America pay the difference because it was a big shortfall.

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Speaker 1: Let America pay it, and that's what we did, but

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Speaker 1: we're not doing it anymore. Next, my administration will secure

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Speaker 1: what we're calling Most Favored Nations drug pricing. The principle

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Speaker 1: is simple, whatever the lowest price paid for a drug

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Speaker 1: and other developed countries, that is the price that Americans

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Speaker 1: will pay it. We're using the term other developed countries

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Speaker 1: because there are some countries that need some additional help

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Speaker 1: and that's fine.

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Speaker 2: I think that's very good.

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Speaker 1: Some prescription drug and pharmaceutical prices will be reduced almost

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Speaker 1: immediately by fifty to eighty to ninety percent. Big Farmer

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Speaker 1: will either abide by this principle voluntarily, or we'll use

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Speaker 1: the power of the federal government to ensure that we

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Speaker 1: are paying the same price as other countries. To accelerate

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Speaker 1: these price restructions and reductions, my administration will also cut

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Speaker 1: out the middlemen. We're going to totally cut out the

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Speaker 1: famous middlemen. Nobody knows who they are.

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Speaker 2: Middlemen. They I've been hearing the term for twenty five years. Middlemen.

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Speaker 2: I don't know who they are, but they're rich. That

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Speaker 2: I can tell you. We're going to cut out the middlemen.

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Speaker 1: And facilitate the direct sale of drugs at the most

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Speaker 1: favored nation price, directly to the American citizen.

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Speaker 2: So we're cutting out Bobby, the middlemen. It's so important,

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Speaker 2: right and got to do that. They get they're worse

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Speaker 2: than the drug companies.

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Speaker 1: They don't even make a product, and they make a

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Speaker 1: fortune's very smart business people that I can tell you.

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Speaker 1: If companies make no significant progress towards most favorite nation pricing,

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Speaker 1: which we will insist that they do, so I think

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Speaker 1: I'm wasting time talking about it.

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Speaker 2: We're going to insist upon it and will insist.

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Speaker 1: And we're going to help the drug companies with the

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Speaker 1: other nations because those other nations do a lot of

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Speaker 1: trading with us. They need our trade, just like China

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Speaker 1: needed us very badly, they need us just as badly.

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Speaker 1: We will do whatever we have to do with trade, just

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Speaker 1: like we did some great things with trade with India

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Speaker 1: and Pakistan. Really helped the situation, very heated situation.

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Speaker 2: Kidd us.

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Speaker 1: Millions of people, more than millions, I mean many millions

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Speaker 1: of people, and they want to do business with America.

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Speaker 1: But we never used our powers that way. We never

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Speaker 1: knew how, we never had people that knew how to

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Speaker 1: do that. We'll also open up America's market to safe

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Speaker 1: and legal imports of affordable drugs from other countries, putting

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Speaker 1: dramatic downward pressure on prices, and if necessary, we'll investigate

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Speaker 1: the drug companies and will in particular investigate the countries

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Speaker 1: that are doing this, and we will add it on

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Speaker 1: to the price that we charge them for doing business

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Speaker 1: in America.

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Speaker 2: In other words, we'll add it on to tariffs.

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Speaker 1: If they don't do what is right, which is everybody

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Speaker 1: should equalize, everybody should say pay the same price. And

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Speaker 1: special interests may not like this very much, but the

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Speaker 1: American people will. I mean, I am doing this for

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Speaker 1: the American people. I'm doing this against the most powerful

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Speaker 1: lobby in the world, probably the drug lobby, drug and

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Speaker 1: pharmaceutical lobby.

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Speaker 2: But it's one of the most.

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Speaker 1: Important orders I think that's ever been signed, certainly with

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Speaker 1: regard to healthcare or health in the history of our country.

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Speaker 1: And it's an honor to be a part of it.

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Speaker 1: And I'd like to ask Robert F. Kennedy to say

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Speaker 1: a few words.

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Speaker 2: Please, thank you, Thank you, mister President.

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Speaker 3: This is.

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Speaker 2: An extraordinary day. This is an issue that.

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Speaker 4: I grew up in the Democratic Party, and every major

441
00:24:09,640 --> 00:24:12,720
Speaker 4: Democratic leader for twenty years been making this promise to

442
00:24:12,720 --> 00:24:16,399
Speaker 4: the American people. This was the fulcrum of Bernie Sanders

443
00:24:17,240 --> 00:24:19,720
Speaker 4: runs for presidency that he was going to eliminate this

444
00:24:19,840 --> 00:24:25,680
Speaker 4: discrepancy between Europe and the United States. As it turns out,

445
00:24:26,400 --> 00:24:28,160
Speaker 4: none of them were doing. And it's one of these

446
00:24:28,200 --> 00:24:32,960
Speaker 4: promises that politicians make to their constituents knowing that they'll

447
00:24:32,960 --> 00:24:34,840
Speaker 4: never have to do it. And the reason they'll never

448
00:24:34,880 --> 00:24:38,520
Speaker 4: have to do it is because they know that Congress

449
00:24:38,600 --> 00:24:42,240
Speaker 4: is controlled in so many ways by the pharmaceutical industry.

450
00:24:43,200 --> 00:24:47,080
Speaker 4: There's at least one pharmaceutical lobbyist for every Congressman, every

451
00:24:47,119 --> 00:24:49,680
Speaker 4: Senator in Capitol Hill, and every member of the Supreme Court.

452
00:24:50,560 --> 00:24:55,320
Speaker 4: I saw estimates three a pharmaceutical company. He's the industry

453
00:24:55,320 --> 00:25:01,480
Speaker 4: itself spends three times what the next largest lobbyist spends

454
00:25:01,480 --> 00:25:05,199
Speaker 4: on lobbying. So this was a This was an issue

455
00:25:05,240 --> 00:25:08,120
Speaker 4: that people talked about, but nobody wanted to do anything

456
00:25:09,200 --> 00:25:12,280
Speaker 4: because it was radioactive. They knew you couldn't get it

457
00:25:12,280 --> 00:25:16,479
Speaker 4: by Congress. We now have a president who is a

458
00:25:16,480 --> 00:25:21,040
Speaker 4: man of his word, who has the courage. President Trump

459
00:25:21,280 --> 00:25:23,680
Speaker 4: was taking money from the pharmaceutical industry too. I think

460
00:25:23,680 --> 00:25:26,800
Speaker 4: they gave you one hundred million dollars. But he can't

461
00:25:26,800 --> 00:25:30,360
Speaker 4: be bought, unlike most of the politicians in this country,

462
00:25:31,240 --> 00:25:34,119
Speaker 4: and he is standing here for the American people.

463
00:25:34,960 --> 00:25:36,119
Speaker 2: I don't know what you know.

464
00:25:36,160 --> 00:25:41,480
Speaker 4: There's writers Lord Elizabeth Warren or Robert Reich who are

465
00:25:41,760 --> 00:25:43,639
Speaker 4: saying that President Trump is on this side of the

466
00:25:43,640 --> 00:25:47,800
Speaker 4: Olic arcs. There has never been a president more willing

467
00:25:48,680 --> 00:25:52,719
Speaker 4: to stand up to the Olic arcs than President Donald Trump.

468
00:25:53,400 --> 00:25:56,080
Speaker 4: And I'm very very proud of you, mister President, for

469
00:25:56,119 --> 00:26:00,920
Speaker 4: your courage for I'll say, because I want to be crude,

470
00:26:00,960 --> 00:26:07,560
Speaker 4: your intestinal fortitude, your stiff the spine, and your willingness

471
00:26:07,560 --> 00:26:10,760
Speaker 4: to stand up for the American people. We have four

472
00:26:10,800 --> 00:26:15,639
Speaker 4: point two percent of the world's population. We our country

473
00:26:15,640 --> 00:26:20,840
Speaker 4: represents seventy five percent of the revenues for pharmaceutical companies.

474
00:26:21,680 --> 00:26:24,720
Speaker 4: We spent in our country eleven one hundred and twenty

475
00:26:24,760 --> 00:26:30,199
Speaker 4: six dollars per capita on drugs. In Britain they's been

476
00:26:30,240 --> 00:26:33,240
Speaker 4: about two hundred and forty. They spent one fifth of

477
00:26:33,280 --> 00:26:37,359
Speaker 4: what we do. And this is true across Europe and

478
00:26:38,600 --> 00:26:41,280
Speaker 4: the drug company's Europeans if you ask them, it made

479
00:26:41,359 --> 00:26:44,320
Speaker 4: no sense what they're saying. America has to pay for

480
00:26:44,359 --> 00:26:48,120
Speaker 4: this innovation or it is not going to happen. President

481
00:26:48,119 --> 00:26:52,000
Speaker 4: Trump is saying to our European partners is you've got

482
00:26:52,040 --> 00:26:54,240
Speaker 4: to raise the amount that you're paying for those drugs

483
00:26:54,440 --> 00:26:57,600
Speaker 4: and pay for your share of the innovation that the

484
00:26:57,720 --> 00:27:02,359
Speaker 4: United States is no longer subsidizing. If the Europeans raised

485
00:27:02,400 --> 00:27:05,520
Speaker 4: their at the price of their drugs by just twenty percent,

486
00:27:06,440 --> 00:27:09,879
Speaker 4: that is ten trillion dollars that can be spent on

487
00:27:09,960 --> 00:27:14,159
Speaker 4: innovation and the health of all people all across the

488
00:27:14,280 --> 00:27:17,359
Speaker 4: globe is going to increase because we're going to have

489
00:27:17,400 --> 00:27:22,320
Speaker 4: better products. So I am I'm just so grateful to

490
00:27:22,359 --> 00:27:24,680
Speaker 4: be here today. I never thought that this would happen

491
00:27:24,760 --> 00:27:28,000
Speaker 4: in my lifetime. I have a couple of kids who

492
00:27:28,000 --> 00:27:33,080
Speaker 4: are Democrats, are big Bernie Sanders fans, and when I

493
00:27:33,160 --> 00:27:35,160
Speaker 4: told them that this was going to happen, they had

494
00:27:35,200 --> 00:27:38,200
Speaker 4: tears in their eyes because they thought this is never

495
00:27:38,280 --> 00:27:41,000
Speaker 4: going to happen in our lifetime. And we finally have

496
00:27:41,080 --> 00:27:43,840
Speaker 4: a president who's willing to stand up for the American people.

497
00:27:44,720 --> 00:27:46,479
Speaker 5: Thank you and doctor Oz.

498
00:27:50,280 --> 00:27:57,560
Speaker 6: Executor Kennedy, this is the most powerful executive order on pharmacy, pricing,

499
00:27:57,560 --> 00:28:00,639
Speaker 6: and healthcare ever in the history of our nation. And

500
00:28:00,680 --> 00:28:03,560
Speaker 6: it's only happening because we have a president with the

501
00:28:03,560 --> 00:28:07,600
Speaker 6: fortitude the guts to stand up to the withering criticism

502
00:28:07,680 --> 00:28:10,359
Speaker 6: and lobbying that's going to occur as soon as.

503
00:28:10,280 --> 00:28:12,040
Speaker 2: Folks hear about the executive order.

504
00:28:12,080 --> 00:28:15,199
Speaker 6: So on, behalf of the child in Philadelphia who's got

505
00:28:15,200 --> 00:28:17,960
Speaker 6: an autoimmune disease with a thousand dollars a month drug,

506
00:28:18,080 --> 00:28:21,760
Speaker 6: or the older woman in Los Angeles, who's on a

507
00:28:21,760 --> 00:28:23,920
Speaker 6: blood thinner who can't afford or Copey. I'm going to

508
00:28:24,000 --> 00:28:26,200
Speaker 6: thank President Trump. God bless you for having the guts

509
00:28:26,200 --> 00:28:27,680
Speaker 6: to take on this industry.

510
00:28:27,800 --> 00:28:29,000
Speaker 2: Thank you, sir, Thank you very much.

511
00:28:29,920 --> 00:28:32,280
Speaker 6: So let's talk about the details a little bit. And

512
00:28:32,320 --> 00:28:36,440
Speaker 6: this is primarily about equalization. As President Trump said, it's

513
00:28:36,440 --> 00:28:40,440
Speaker 6: about fairness. Think of NATO as a metaphor when President

514
00:28:40,440 --> 00:28:42,360
Speaker 6: Trump said, you've got to pay a little more, so.

515
00:28:42,560 --> 00:28:43,800
Speaker 2: It makes sense for all of us.

516
00:28:43,960 --> 00:28:47,760
Speaker 6: They came up and the European countries contributed the same thing.

517
00:28:47,800 --> 00:28:51,560
Speaker 6: We believe will happen in this situation. Most people who

518
00:28:51,560 --> 00:28:54,360
Speaker 6: have thought about this process agreed that it is patently

519
00:28:54,480 --> 00:28:57,800
Speaker 6: unfair to tolerate the numbers that Secretary Kennedy and President

520
00:28:57,840 --> 00:29:01,680
Speaker 6: Trump have reflected to you. This chart to my left

521
00:29:02,040 --> 00:29:04,400
Speaker 6: is a list of the ten drugs that were negotiated

522
00:29:04,400 --> 00:29:08,080
Speaker 6: in the IRA. Again, this is the bill, the law

523
00:29:08,440 --> 00:29:10,920
Speaker 6: that regulates a negotiation process.

524
00:29:11,040 --> 00:29:12,120
Speaker 2: This is the best.

525
00:29:11,840 --> 00:29:15,440
Speaker 6: Price that was able to be obtained by the bind administration.

526
00:29:15,840 --> 00:29:18,800
Speaker 6: And if you look at these numbers, they actually reflect

527
00:29:18,840 --> 00:29:22,200
Speaker 6: how much on top of the most favored nation price

528
00:29:22,760 --> 00:29:25,280
Speaker 6: was being paid by the United States. So the closest

529
00:29:25,320 --> 00:29:27,600
Speaker 6: to me, and Bobby can point to the Jardian closest

530
00:29:27,600 --> 00:29:29,360
Speaker 6: one two hundred and eighty nine percent, the one that's

531
00:29:29,360 --> 00:29:32,280
Speaker 6: closest to you. That means that we are paying in

532
00:29:32,360 --> 00:29:38,080
Speaker 6: America four times more than that drug costs in other countries. Again,

533
00:29:38,120 --> 00:29:40,200
Speaker 6: one hundred percents the baseline. It's two hundred and eighty

534
00:29:40,240 --> 00:29:42,920
Speaker 6: nine percent above that baseline. It goes all the way

535
00:29:42,960 --> 00:29:44,880
Speaker 6: down to where we're paying fifty percent more than any

536
00:29:44,880 --> 00:29:48,440
Speaker 6: other country. That's the range, as was pointed out by

537
00:29:48,480 --> 00:29:51,000
Speaker 6: President Trump, half the time we're paying three times more

538
00:29:51,120 --> 00:29:53,480
Speaker 6: than is paid in other countries. It doesn't make any

539
00:29:53,560 --> 00:29:56,040
Speaker 6: sense for the system that stated President Trump is over

540
00:29:56,040 --> 00:29:59,600
Speaker 6: and over again indicated, and Secretary Kennedy has reflected as well.

541
00:29:59,640 --> 00:30:00,560
Speaker 2: We want innovation.

542
00:30:01,000 --> 00:30:04,080
Speaker 6: We want our technology partners doing the best they can

543
00:30:04,160 --> 00:30:06,520
Speaker 6: to make the best solutions for drugs to secure as

544
00:30:06,520 --> 00:30:09,160
Speaker 6: many people in America and around the world as possible.

545
00:30:09,360 --> 00:30:12,640
Speaker 6: By getting our allies to pay a bit more as

546
00:30:12,640 --> 00:30:14,720
Speaker 6: they should be and they should have for many years

547
00:30:14,760 --> 00:30:17,720
Speaker 6: been doing, will course correct a problem that's gotten out

548
00:30:17,720 --> 00:30:20,400
Speaker 6: of hand. And by doing that in a thoughtful, effective way,

549
00:30:20,600 --> 00:30:23,040
Speaker 6: we're going to be able to get the pharmaceutical industry hole.

550
00:30:23,320 --> 00:30:25,400
Speaker 6: Those jobs will still be here, will still be productive,

551
00:30:25,400 --> 00:30:27,440
Speaker 6: will still be curing cancer and a slew of other

552
00:30:27,480 --> 00:30:30,880
Speaker 6: ailments that plague humanity. America will still be the leader

553
00:30:31,120 --> 00:30:33,880
Speaker 6: in this space, but we're paying the appropriate amount, the

554
00:30:33,960 --> 00:30:36,720
Speaker 6: right sized amount for those tasks. So over the next

555
00:30:36,760 --> 00:30:40,680
Speaker 6: thirty days, the four of us up here together with

556
00:30:40,800 --> 00:30:42,800
Speaker 6: people standing in the back of this room, we're doing

557
00:30:42,800 --> 00:30:44,120
Speaker 6: a lot of the heavy lifting. Are going to be

558
00:30:44,120 --> 00:30:47,280
Speaker 6: approaching pharmaceutical companies to talk specifically about what we want

559
00:30:47,480 --> 00:30:49,480
Speaker 6: the most favored dation price to be based of the

560
00:30:49,480 --> 00:30:50,280
Speaker 6: best data we have.

561
00:30:50,800 --> 00:30:53,040
Speaker 2: We're looking forward to a thoughtful.

562
00:30:54,200 --> 00:30:57,479
Speaker 6: Interaction with these corporate leaders, many of whom we've spoken

563
00:30:57,520 --> 00:31:00,840
Speaker 6: to and quiet will agree this system is not right

564
00:31:00,880 --> 00:31:03,560
Speaker 6: the way it is. They're patriotic Americans, they want what's right.

565
00:31:03,880 --> 00:31:06,240
Speaker 6: But the fact that in my lifetime, as sac Herey

566
00:31:06,320 --> 00:31:08,880
Speaker 6: Kennedy said, for the first time, we have a thoughtful

567
00:31:09,080 --> 00:31:12,640
Speaker 6: and aggressive approach thanks to President Trump on taking on

568
00:31:13,000 --> 00:31:17,200
Speaker 6: the special interests, I should give all Americans confidence that

569
00:31:17,280 --> 00:31:19,160
Speaker 6: this is an administration that stands for fairness and it

570
00:31:19,160 --> 00:31:21,960
Speaker 6: should chill the waters for those who believe they can

571
00:31:21,960 --> 00:31:24,240
Speaker 6: push us away from our north star, which is the

572
00:31:24,360 --> 00:31:27,360
Speaker 6: take care of the American people, Miss President God.

573
00:31:27,240 --> 00:31:30,720
Speaker 2: Bless you, Jay. You want to go next.

574
00:31:32,760 --> 00:31:36,880
Speaker 7: So I teach economics at Stanford as well as health policy.

575
00:31:37,280 --> 00:31:39,640
Speaker 7: And one thing that's really really simple in economics is

576
00:31:39,640 --> 00:31:42,920
Speaker 7: that when you have a persistent price difference for the

577
00:31:43,000 --> 00:31:46,880
Speaker 7: same product between two countries, there's something deeply wrong. And

578
00:31:46,920 --> 00:31:50,040
Speaker 7: what President Trump has done is a historic measure that

579
00:31:50,080 --> 00:31:51,680
Speaker 7: should have been done a long time ago.

580
00:31:52,360 --> 00:31:53,360
Speaker 2: What we're going to do.

581
00:31:53,320 --> 00:31:58,120
Speaker 7: Is make sure that those prices become much closer to equal,

582
00:31:58,760 --> 00:32:02,360
Speaker 7: like a competitive market. Right now, what's happening is the

583
00:32:02,400 --> 00:32:07,440
Speaker 7: American people are subsidizing at a large, large fraction the

584
00:32:07,480 --> 00:32:10,360
Speaker 7: research and development efforts for drug companies around the world

585
00:32:10,400 --> 00:32:14,280
Speaker 7: by the higher prices that we pay. With this new order,

586
00:32:15,840 --> 00:32:18,280
Speaker 7: Europe will share the burden of that. And in fact,

587
00:32:18,720 --> 00:32:21,320
Speaker 7: if you may think of it as like as somehow

588
00:32:21,920 --> 00:32:25,080
Speaker 7: it's going after drug companies, actually it's helping drug companies

589
00:32:25,320 --> 00:32:27,120
Speaker 7: because what we're also going to do with this order.

590
00:32:27,120 --> 00:32:29,520
Speaker 7: With President Trump has done with his order is he's

591
00:32:29,720 --> 00:32:33,960
Speaker 7: said to European governments, look, if you are taking advantage

592
00:32:34,000 --> 00:32:36,920
Speaker 7: of the drug companies by forcing them to charge very

593
00:32:37,000 --> 00:32:39,880
Speaker 7: very low prices, We're going to defend American drug companies

594
00:32:40,240 --> 00:32:44,080
Speaker 7: in Europe. At the same time, we're standing up for

595
00:32:44,240 --> 00:32:46,720
Speaker 7: the American consumer who has been paying far too high

596
00:32:46,760 --> 00:32:50,000
Speaker 7: prices for far too long. I can go back decades

597
00:32:50,040 --> 00:32:54,000
Speaker 7: to point to the congressional reports after a government report

598
00:32:54,000 --> 00:32:58,040
Speaker 7: after government report of tremendously high drug prices, much higher

599
00:32:58,120 --> 00:33:00,520
Speaker 7: than the rest of the world, and has been done

600
00:33:00,520 --> 00:33:03,400
Speaker 7: about it. Intel's moment, and I'm really really proud of

601
00:33:03,600 --> 00:33:05,520
Speaker 7: President Trump that you've done this.

602
00:33:05,720 --> 00:33:06,560
Speaker 2: I'm really proud to be.

603
00:33:06,480 --> 00:33:08,320
Speaker 5: Included in this and looking forward to the work ahead.

604
00:33:08,440 --> 00:33:11,440
Speaker 2: Thank you great, Thank you, mister President.

605
00:33:11,640 --> 00:33:14,360
Speaker 8: On behalf of the many doctors I've talked to about

606
00:33:14,360 --> 00:33:16,880
Speaker 8: this very issue. Thank you for taking the bull by

607
00:33:16,880 --> 00:33:19,840
Speaker 8: the horns. Presidents on both sides of the aisle have

608
00:33:20,040 --> 00:33:22,560
Speaker 8: talked about this and floated it and said they've wanted

609
00:33:22,600 --> 00:33:25,080
Speaker 8: to do it, so you've had the courage to do it.

610
00:33:25,600 --> 00:33:26,000
Speaker 2: Thank you.

611
00:33:26,080 --> 00:33:28,560
Speaker 8: I've been a surge goal on cologist at Johns Hopkins

612
00:33:28,640 --> 00:33:32,240
Speaker 8: for twenty two years, and I have seen patients suffer.

613
00:33:32,640 --> 00:33:34,840
Speaker 2: We didn't take an oath to heal.

614
00:33:34,720 --> 00:33:39,040
Speaker 8: Patients and then watch their life get ruined financially with

615
00:33:39,080 --> 00:33:43,520
Speaker 8: their home mortgage retirement going down. The drain with go

616
00:33:43,600 --> 00:33:48,120
Speaker 8: fund me campaigns raising money from church, communities and synagogues

617
00:33:48,160 --> 00:33:50,920
Speaker 8: and friends they haven't seen in twenty years, to try

618
00:33:50,920 --> 00:33:54,720
Speaker 8: to raise money for what for a system where Americans

619
00:33:54,760 --> 00:33:59,160
Speaker 8: have been getting ripped off by ten, twelve, fifteen times

620
00:33:59,240 --> 00:34:02,240
Speaker 8: higher prices than we see in other countries. The fundamental

621
00:34:02,280 --> 00:34:04,880
Speaker 8: problem in healthcare is that we've had non competitive markets.

622
00:34:05,360 --> 00:34:06,280
Speaker 2: We can do little.

623
00:34:06,080 --> 00:34:09,279
Speaker 8: Things around the edges, or we can transform those markets

624
00:34:09,760 --> 00:34:13,080
Speaker 8: to competitive markets. And that's what this executive order does today.

625
00:34:13,400 --> 00:34:17,680
Speaker 8: Imagine buying a Ford for one hundred and seventy five

626
00:34:17,800 --> 00:34:21,840
Speaker 8: thousand dollars, a regular car, and then hearing that people

627
00:34:21,840 --> 00:34:25,080
Speaker 8: in London are buying it for ten thousand dollars every day,

628
00:34:25,120 --> 00:34:25,839
Speaker 8: all day long.

629
00:34:26,239 --> 00:34:28,000
Speaker 2: That is the craziness of this system.

630
00:34:28,360 --> 00:34:30,360
Speaker 8: We're going to do everything we can at the FDA

631
00:34:30,440 --> 00:34:32,359
Speaker 8: to support this executive Order.

632
00:34:33,000 --> 00:34:35,120
Speaker 2: It's transformative. Thank you, mister President.

633
00:34:35,160 --> 00:34:38,759
Speaker 1: Thank you, thank you very much. So thank you very

634
00:34:38,840 --> 00:34:41,279
Speaker 1: much everybody. It's I think it's a very important day

635
00:34:41,280 --> 00:34:45,680
Speaker 1: in many ways. You have We'll sell with the hu Thies,

636
00:34:46,200 --> 00:34:49,520
Speaker 1: we go to Pakistan and India, we go to what

637
00:34:49,560 --> 00:34:51,799
Speaker 1: we did with China the trade deal, and with the UK,

638
00:34:52,440 --> 00:34:53,520
Speaker 1: and by the way, many.

639
00:34:53,320 --> 00:34:56,279
Speaker 2: Other deals are coming in very much.

640
00:34:56,320 --> 00:34:58,400
Speaker 1: At a certain point, we'll just set the price because

641
00:34:58,400 --> 00:35:00,960
Speaker 1: we know where we are, will just set the price.

642
00:35:01,000 --> 00:35:04,359
Speaker 1: But world trade is going to be terrific and our

643
00:35:04,400 --> 00:35:07,000
Speaker 1: country is going to be making a lot of money.

644
00:35:07,600 --> 00:35:09,920
Speaker 1: Taxes are going to go down. Taxes are going to

645
00:35:10,040 --> 00:35:13,279
Speaker 1: go down very, very substantially. But you look at all

646
00:35:13,320 --> 00:35:15,479
Speaker 1: of the things that we've done, and now today I'm

647
00:35:16,040 --> 00:35:19,920
Speaker 1: heading over, we'll see what we're going to do. With

648
00:35:19,960 --> 00:35:22,960
Speaker 1: respect to Iran, I think you have very good things

649
00:35:22,960 --> 00:35:26,200
Speaker 1: happening there too. By the way, I think I can't

650
00:35:26,239 --> 00:35:28,359
Speaker 1: have a nuclear weapon, but I think that they are

651
00:35:29,400 --> 00:35:32,160
Speaker 1: talking intelligently. We're in the midst of talking to them,

652
00:35:32,160 --> 00:35:34,520
Speaker 1: and they're right now acting.

653
00:35:35,040 --> 00:35:37,000
Speaker 2: They're very intelligent. We want around to.

654
00:35:36,920 --> 00:35:40,920
Speaker 1: Be wealthy and wonderful and happy and great, but they

655
00:35:40,920 --> 00:35:44,279
Speaker 1: can't have a nuclear weapons. Very simple, so I think

656
00:35:44,320 --> 00:35:46,719
Speaker 1: they understand that we mean that, I mean business, and

657
00:35:47,160 --> 00:35:52,000
Speaker 1: they I think they're being very reasonable thus far, and

658
00:35:53,560 --> 00:35:59,440
Speaker 1: don't underestimate. Thursday in Turkey, President Irewan is going to

659
00:35:59,440 --> 00:36:05,200
Speaker 1: be a great host and we are doing some work

660
00:36:05,239 --> 00:36:08,080
Speaker 1: with him, having to do with Syria too. By the way,

661
00:36:08,080 --> 00:36:10,680
Speaker 1: we're going to have to make a decision on the sanctions,

662
00:36:10,719 --> 00:36:13,000
Speaker 1: which we may very well relieve we may take them

663
00:36:13,000 --> 00:36:15,880
Speaker 1: off of Syria because we want to give them a

664
00:36:15,880 --> 00:36:20,319
Speaker 1: fresh start. But President and the Ones asked me about that.

665
00:36:20,400 --> 00:36:22,480
Speaker 1: Many people have asked me about that, because the way

666
00:36:22,520 --> 00:36:24,480
Speaker 1: we have them sanctioned, it doesn't really give them much

667
00:36:24,480 --> 00:36:26,480
Speaker 1: of a start. So we want to see we can

668
00:36:26,520 --> 00:36:30,319
Speaker 1: help them out. So we'll make that determination. But I

669
00:36:30,320 --> 00:36:31,960
Speaker 1: think you're going to have maybe a good meeting. You

670
00:36:31,960 --> 00:36:34,280
Speaker 1: have the potential for a good meeting. That a meeting

671
00:36:34,320 --> 00:36:36,760
Speaker 1: wasn't going to take place. I insisted that that meeting

672
00:36:36,800 --> 00:36:40,520
Speaker 1: take place, and it is taking place, and I think

673
00:36:40,520 --> 00:36:42,440
Speaker 1: you may have a good result out of the Thursday

674
00:36:42,480 --> 00:36:47,120
Speaker 1: meeting in Turkey between Russia and Ukraine, and I believe

675
00:36:47,160 --> 00:36:48,759
Speaker 1: the two leaders were going to be there. I was

676
00:36:48,800 --> 00:36:50,640
Speaker 1: thinking about flying over. I don't know where I'm going

677
00:36:50,680 --> 00:36:53,400
Speaker 1: to be on Thursday. I've got so many meetings, but

678
00:36:54,040 --> 00:36:56,440
Speaker 1: I was thinking about actually flying over there. There's a

679
00:36:56,440 --> 00:36:59,120
Speaker 1: possibility of it. I guess if I think things can happen,

680
00:36:59,480 --> 00:37:00,759
Speaker 1: But we got to get it done. We've got to

681
00:37:00,760 --> 00:37:03,200
Speaker 1: save five thousand lives a week. Five thousand lives are

682
00:37:03,280 --> 00:37:05,759
Speaker 1: really more than that's worse than that. And when you

683
00:37:05,760 --> 00:37:07,279
Speaker 1: see the and you don't want to see it, but

684
00:37:07,320 --> 00:37:10,600
Speaker 1: when you see the satellite photographs of the battlefield with

685
00:37:10,840 --> 00:37:15,000
Speaker 1: arms and legs and heads all over the place, separated

686
00:37:15,400 --> 00:37:17,880
Speaker 1: by thirty yards from bodies.

687
00:37:20,320 --> 00:37:23,120
Speaker 2: It's not doesn't make sense. Doesn't make sense.

688
00:37:23,640 --> 00:37:26,279
Speaker 1: So we're working very hard to see if we can

689
00:37:26,400 --> 00:37:31,280
Speaker 1: end that bloodbath. Okay, there shouldn't be too many questions.

690
00:37:31,280 --> 00:37:33,440
Speaker 1: It's been covered pretty well, Sir Redent.

691
00:37:33,680 --> 00:37:34,840
Speaker 2: Thank you for taking questions.

692
00:37:34,880 --> 00:37:37,480
Speaker 3: Two quick ones for you are starting on trade.

693
00:37:37,680 --> 00:37:38,840
Speaker 2: If a longer term.

694
00:37:38,600 --> 00:37:40,799
Speaker 3: Deal is not reached with China at the end of

695
00:37:40,840 --> 00:37:44,040
Speaker 3: these ninety days, can the American people expect those tariffs

696
00:37:44,120 --> 00:37:44,839
Speaker 3: to go back up.

697
00:37:44,800 --> 00:37:46,320
Speaker 2: To one hundred and forty five percent?

698
00:37:46,480 --> 00:37:50,040
Speaker 1: No, but they would go up substantially higher. You know,

699
00:37:50,160 --> 00:37:52,760
Speaker 1: one hundred and forty five you're really decoupling because nobody's

700
00:37:52,800 --> 00:37:53,239
Speaker 1: going to buy.

701
00:37:53,800 --> 00:37:54,560
Speaker 2: But they can go.

702
00:37:54,800 --> 00:37:58,600
Speaker 1: They got very high because of additional tariffs I applied

703
00:37:58,680 --> 00:38:00,960
Speaker 1: during the course, because of fent and all and other things.

704
00:38:01,000 --> 00:38:04,880
Speaker 2: But no, but they go substantially and not President, I

705
00:38:04,880 --> 00:38:05,719
Speaker 2: think you will have a deal.

706
00:38:05,719 --> 00:38:07,840
Speaker 3: However, you okay, you're confident that there will be a

707
00:38:07,880 --> 00:38:11,400
Speaker 3: deal on Cutter has Cutter asked for anything in exchange

708
00:38:11,440 --> 00:38:15,279
Speaker 3: for that four hundred million dollar luxury jumbo jet, And

709
00:38:15,320 --> 00:38:17,880
Speaker 3: how can the American people be so sure that they will.

710
00:38:17,719 --> 00:38:18,440
Speaker 2: Not in the future.

711
00:38:18,520 --> 00:38:20,799
Speaker 1: Well, I think what happens with the plane is that,

712
00:38:20,920 --> 00:38:23,319
Speaker 1: you know, we're very disappointed that it's taking Boeing so

713
00:38:23,440 --> 00:38:25,120
Speaker 1: long to build a new Air Force one. You know,

714
00:38:25,160 --> 00:38:27,000
Speaker 1: we have an air Force one that's forty years old.

715
00:38:27,640 --> 00:38:29,759
Speaker 1: And if you take a look at that compared to

716
00:38:29,800 --> 00:38:33,040
Speaker 1: the new plane of the equivalent, you know stature at

717
00:38:33,040 --> 00:38:35,520
Speaker 1: the time, it's not even the same ballgame. You look

718
00:38:35,560 --> 00:38:39,759
Speaker 1: at some of the Arab countries and the planes they

719
00:38:39,800 --> 00:38:43,520
Speaker 1: have parked alongside of the United States of America plane,

720
00:38:43,719 --> 00:38:46,880
Speaker 1: it's like from a different planet, and it's close to

721
00:38:46,880 --> 00:38:49,040
Speaker 1: forty years old, might be more than forty years old now.

722
00:38:49,680 --> 00:38:51,680
Speaker 2: And we when I.

723
00:38:51,680 --> 00:38:55,280
Speaker 1: First came in, I signed an order to get it built.

724
00:38:55,680 --> 00:38:56,560
Speaker 2: I took it over.

725
00:38:56,520 --> 00:39:01,000
Speaker 1: From the Obama administration they had originally agreed.

726
00:39:01,040 --> 00:39:02,480
Speaker 2: I got the price down much lower.

727
00:39:03,520 --> 00:39:07,600
Speaker 1: And then when the election didn't exactly work out the

728
00:39:07,640 --> 00:39:10,799
Speaker 1: way that it should have, a lot of work was

729
00:39:10,840 --> 00:39:13,080
Speaker 1: not done on the plane because a lot of people

730
00:39:13,160 --> 00:39:15,320
Speaker 1: didn't know. They made change orders that were so stupid

731
00:39:15,360 --> 00:39:18,800
Speaker 1: so ridiculous, and it ended up being a total mess,

732
00:39:19,440 --> 00:39:20,160
Speaker 1: a real mess.

733
00:39:20,840 --> 00:39:21,480
Speaker 2: And when I.

734
00:39:21,440 --> 00:39:23,239
Speaker 1: Came back, I said, by the way, what's going on

735
00:39:23,320 --> 00:39:25,719
Speaker 1: with the Boeings that are coming in?

736
00:39:25,800 --> 00:39:28,080
Speaker 2: Well, sir, they're way behind, and they are their way behind.

737
00:39:28,120 --> 00:39:29,000
Speaker 2: They were way behind.

738
00:39:29,400 --> 00:39:33,279
Speaker 1: Another mess that I inherited from Biden, and it's going

739
00:39:33,360 --> 00:39:36,120
Speaker 1: to be a while before we get them. And I

740
00:39:36,120 --> 00:39:40,879
Speaker 1: think Qatar, who has really we've helped them a lot

741
00:39:40,920 --> 00:39:44,080
Speaker 1: over the years in terms of security and safety, have filthy,

742
00:39:44,320 --> 00:39:46,360
Speaker 1: I think, and very very nicely.

743
00:39:46,480 --> 00:39:47,680
Speaker 2: And I have a lot of.

744
00:39:47,600 --> 00:39:51,000
Speaker 1: Respect for the leadership and for the leader Qatar, and

745
00:39:51,040 --> 00:39:51,960
Speaker 1: I think they very nice.

746
00:39:51,960 --> 00:39:53,680
Speaker 2: They knew about it because they buy Boeings.

747
00:39:53,680 --> 00:39:56,960
Speaker 1: They buy a lot of Boeings, and they knew about it,

748
00:39:57,160 --> 00:40:00,640
Speaker 1: and they said, we would like to do something.

749
00:40:00,160 --> 00:40:03,239
Speaker 2: And if we can get a.

750
00:40:02,440 --> 00:40:06,320
Speaker 1: Seven forty seven as a contribution to our defense department

751
00:40:07,440 --> 00:40:11,560
Speaker 1: to use during a couple of years while they're building.

752
00:40:11,200 --> 00:40:14,600
Speaker 2: The other ones. I think that was a very nice gesture.

753
00:40:14,640 --> 00:40:17,279
Speaker 1: Now I could be a stupid person say, oh no,

754
00:40:17,320 --> 00:40:18,440
Speaker 1: we don't want a free plane.

755
00:40:18,640 --> 00:40:19,799
Speaker 2: We give things out.

756
00:40:19,880 --> 00:40:23,560
Speaker 1: We'll take one too, and it helps us out because

757
00:40:23,560 --> 00:40:26,239
Speaker 1: again we're talking about we have forty year old aircraft.

758
00:40:26,680 --> 00:40:29,120
Speaker 1: The money we spend, the maintenance we spend on those

759
00:40:29,160 --> 00:40:32,840
Speaker 1: planes to keep them tippy top is astronomical. You wouldn't

760
00:40:32,840 --> 00:40:35,440
Speaker 1: even believe it. So I think it's a great gesture

761
00:40:35,520 --> 00:40:40,479
Speaker 1: from Guitar. I appreciate it very much. I would never

762
00:40:40,520 --> 00:40:43,360
Speaker 1: be one to turn down that kind of an offer.

763
00:40:43,360 --> 00:40:45,680
Speaker 1: I mean, I could be a stupid person say no,

764
00:40:45,760 --> 00:40:49,000
Speaker 1: we don't want a free, very expensive airplane.

765
00:40:50,120 --> 00:40:52,080
Speaker 2: But I thought it was a great gesture.

766
00:40:52,280 --> 00:40:53,880
Speaker 1: And I think it was a gesture because of the

767
00:40:53,920 --> 00:40:57,680
Speaker 1: fact that we have helped and continue to We will

768
00:40:57,719 --> 00:41:02,000
Speaker 1: continue to all of those countries, Saudi Arabia, the UAE,

769
00:41:03,120 --> 00:41:06,400
Speaker 1: Qatar and others. We keep them safe. If it wasn't

770
00:41:06,400 --> 00:41:09,160
Speaker 1: for us, they probably wouldn't exist right now. And I

771
00:41:09,200 --> 00:41:12,319
Speaker 1: think this was just a gesture of good faith. And

772
00:41:13,280 --> 00:41:16,080
Speaker 1: I don't get it. Someday it'll be like Ronald Reagan.

773
00:41:16,160 --> 00:41:18,080
Speaker 1: They decommissioned them. You know, they get to a certain

774
00:41:18,080 --> 00:41:19,360
Speaker 1: age a decommission them.

775
00:41:19,600 --> 00:41:21,040
Speaker 2: Uh, it'll go to my library.

776
00:41:21,160 --> 00:41:24,680
Speaker 1: They're talking about going to my library in years out.

777
00:41:25,280 --> 00:41:28,640
Speaker 1: But I thought it was a great gesture and it's

778
00:41:28,640 --> 00:41:30,240
Speaker 1: something that was done by Ronald Reagan.

779
00:41:30,239 --> 00:41:31,920
Speaker 2: They actually decommissioned the plane.

780
00:41:31,640 --> 00:41:34,080
Speaker 1: And he put it in his library, and it actually

781
00:41:34,239 --> 00:41:35,280
Speaker 1: has made the library.

782
00:41:35,680 --> 00:41:37,200
Speaker 2: I think of Boeing seven oh seven.

783
00:41:37,920 --> 00:41:40,719
Speaker 1: It's actually made the library more successful.

784
00:41:40,760 --> 00:41:43,400
Speaker 2: So it was good that you plan to use the

785
00:41:43,440 --> 00:41:45,200
Speaker 2: plane after office.

786
00:41:45,320 --> 00:41:47,920
Speaker 1: No, I don't know it would go directly to the

787
00:41:47,960 --> 00:41:51,640
Speaker 1: library after I leave office, I wouldn't be using it.

788
00:41:51,640 --> 00:41:56,000
Speaker 4: Noge on the hostage, you said that the release of

789
00:41:56,080 --> 00:41:59,040
Speaker 4: the American hostage and Alexander is they skept.

790
00:41:58,760 --> 00:42:01,400
Speaker 5: In good faith too? And is work?

791
00:42:01,760 --> 00:42:06,680
Speaker 2: Do you expect any progress perhaps announcement on ceasefire during

792
00:42:06,719 --> 00:42:08,360
Speaker 2: your treat We hope.

793
00:42:08,120 --> 00:42:11,080
Speaker 1: That we're going to have other hostages released too, as

794
00:42:11,120 --> 00:42:14,040
Speaker 1: you know. So when I met with the hostages three

795
00:42:14,080 --> 00:42:15,920
Speaker 1: weeks ago that were there for quite a while. You

796
00:42:16,000 --> 00:42:19,080
Speaker 1: remember the ten people that came in, mostly young people,

797
00:42:19,160 --> 00:42:22,200
Speaker 1: one or two were a little bit older. They were

798
00:42:22,239 --> 00:42:25,719
Speaker 1: explaining the trials and tribulations. I mean they went through hell.

799
00:42:27,000 --> 00:42:29,120
Speaker 1: And I said how many are there? They said fifty nine.

800
00:42:30,080 --> 00:42:32,040
Speaker 1: I said that's a lot. I didn't realize, because we

801
00:42:32,080 --> 00:42:33,480
Speaker 1: get a lot out. You know, we got a lot

802
00:42:33,480 --> 00:42:36,959
Speaker 1: of hostages out. I think you will acknowledge they said

803
00:42:36,960 --> 00:42:39,960
Speaker 1: fifty nine. But then they said they followed that up

804
00:42:40,000 --> 00:42:42,240
Speaker 1: by say fifty nine, of which twenty four are living.

805
00:42:42,280 --> 00:42:47,000
Speaker 1: The rest are dead. But the people whose son mostly

806
00:42:47,080 --> 00:42:50,680
Speaker 1: son I think one daughter in this case, but mostly

807
00:42:50,760 --> 00:42:54,880
Speaker 1: sons are there, or husbands are Those people want the

808
00:42:54,920 --> 00:42:57,760
Speaker 1: dead bodies as much as they want the live buddy.

809
00:42:57,840 --> 00:43:02,160
Speaker 1: I have a mother that calls me, but came up

810
00:43:02,160 --> 00:43:04,040
Speaker 1: to me when I first met her, and she said, sir,

811
00:43:04,160 --> 00:43:08,040
Speaker 1: please please get my son out. He's dead, but they

812
00:43:08,080 --> 00:43:11,479
Speaker 1: have his body. And I answer about that, and it's

813
00:43:11,600 --> 00:43:15,799
Speaker 1: as though he were alive. The level of wanting that

814
00:43:16,520 --> 00:43:19,839
Speaker 1: body back is the same. It couldn't be anymore as

815
00:43:19,880 --> 00:43:23,440
Speaker 1: though he were alive. So you know, getting the bodies

816
00:43:23,480 --> 00:43:26,959
Speaker 1: back is very important. That could be a thing having

817
00:43:27,000 --> 00:43:29,080
Speaker 1: to do with the religion. It could be said. I

818
00:43:30,120 --> 00:43:32,879
Speaker 1: was amazed at the level of importance. It's the same

819
00:43:32,920 --> 00:43:36,200
Speaker 1: as if the son or husband or whatever was alive.

820
00:43:36,719 --> 00:43:39,680
Speaker 1: So they said fifty nine. In fact, they came out.

821
00:43:39,920 --> 00:43:42,000
Speaker 1: They came in with a number fifty nine written out

822
00:43:42,040 --> 00:43:44,120
Speaker 1: on like a sign on their chest. But they came

823
00:43:44,160 --> 00:43:49,479
Speaker 1: to thank me for getting them out, and I said,

824
00:43:49,480 --> 00:43:51,319
Speaker 1: what does the fifty nine mean? They said, well, that

825
00:43:51,360 --> 00:43:53,680
Speaker 1: means they are fifty nine people. But then they said,

826
00:43:53,719 --> 00:43:56,879
Speaker 1: but twenty four are living now, it's twenty one.

827
00:43:56,920 --> 00:43:58,680
Speaker 2: The numbers twenty one, so now it's.

828
00:43:58,520 --> 00:44:02,720
Speaker 1: Actually, well we'll get Eton today. We think we're getting

829
00:44:02,760 --> 00:44:05,239
Speaker 1: him today, so it's twenty. So they have twenty live

830
00:44:05,360 --> 00:44:06,200
Speaker 1: hostages there.

831
00:44:06,320 --> 00:44:07,440
Speaker 2: The rest are dead bodies.

832
00:44:10,320 --> 00:44:13,320
Speaker 3: Are you open to negotiating your tarffs on cars Seal

833
00:44:13,360 --> 00:44:16,279
Speaker 3: and Aluna with China or any other country, Well, they.

834
00:44:16,239 --> 00:44:19,160
Speaker 1: We're not even talking about that. We're bringing the car

835
00:44:19,239 --> 00:44:22,600
Speaker 1: back business back into this country. We have commitments, and

836
00:44:22,640 --> 00:44:26,200
Speaker 1: not only commitments. They've already started construction on many plants.

837
00:44:26,600 --> 00:44:29,799
Speaker 1: They've left Mexico in a few cases and a few

838
00:44:29,840 --> 00:44:30,960
Speaker 1: cases they've left Canada.

839
00:44:31,000 --> 00:44:32,600
Speaker 2: They're not going to build in Canada. They're going to.

840
00:44:32,520 --> 00:44:35,960
Speaker 1: Build here because we have the market and the tariffs

841
00:44:36,560 --> 00:44:37,320
Speaker 1: have been amazing.

842
00:44:37,400 --> 00:44:40,160
Speaker 2: The election and the tariffs. November fifth was a big day.

843
00:44:40,200 --> 00:44:42,759
Speaker 1: And on top of that, of course, you wouldn't have

844
00:44:42,760 --> 00:44:44,799
Speaker 1: the tariffs without the election, I guess if you look

845
00:44:44,800 --> 00:44:50,920
Speaker 1: at it. But we have at least eleven committed massive

846
00:44:51,520 --> 00:44:54,600
Speaker 1: car factories that are going to be built, that are

847
00:44:54,640 --> 00:44:56,760
Speaker 1: going to be that are in the process of being built,

848
00:44:57,440 --> 00:45:00,759
Speaker 1: and some are going through, some have actually started. We

849
00:45:00,840 --> 00:45:05,200
Speaker 1: also have renovations of existing factories where they weren't utilizing

850
00:45:05,239 --> 00:45:08,399
Speaker 1: the full factory from years gone by, and now they're

851
00:45:08,480 --> 00:45:11,080
Speaker 1: under full renovation. They'll be opening up full factories in

852
00:45:11,120 --> 00:45:13,520
Speaker 1: a very short period of time. Our car industry is

853
00:45:13,760 --> 00:45:15,480
Speaker 1: I think we're going to have the number one industry.

854
00:45:15,560 --> 00:45:17,799
Speaker 2: You know, if you look at Japan and these others, they.

855
00:45:18,560 --> 00:45:22,319
Speaker 1: Do tremendously with cars, and they can do that too

856
00:45:22,440 --> 00:45:24,320
Speaker 1: they but you know, when they if they want to

857
00:45:24,360 --> 00:45:26,000
Speaker 1: sell cars in the United States, they're going to have

858
00:45:26,040 --> 00:45:29,280
Speaker 1: to build factories in the United States, because I'm interested

859
00:45:29,320 --> 00:45:31,319
Speaker 1: in cars for the United States. And one other thing

860
00:45:31,400 --> 00:45:35,160
Speaker 1: is in our tax bill, we're giving not only no

861
00:45:35,280 --> 00:45:38,160
Speaker 1: tax on tips, no tax on social Security, no tax

862
00:45:38,200 --> 00:45:41,040
Speaker 1: on overtime, but also we're going to get a deduction

863
00:45:41,239 --> 00:45:44,480
Speaker 1: for people that borrow money to buy a car if

864
00:45:44,920 --> 00:45:48,840
Speaker 1: if it's made in America. If it's not, we have

865
00:45:48,920 --> 00:45:53,359
Speaker 1: no interest.

866
00:45:51,400 --> 00:45:54,560
Speaker 2: Meeting with between President Putin as well as President for.

867
00:45:54,600 --> 00:45:57,200
Speaker 3: One seed, if President Prutent doesn't show up to these

868
00:45:57,239 --> 00:45:59,760
Speaker 3: toxic person in Turkey, will you join Europe and putting

869
00:45:59,800 --> 00:46:00,400
Speaker 3: higher sanctions.

870
00:46:00,600 --> 00:46:03,680
Speaker 1: If I felt it would be important toward getting the

871
00:46:03,719 --> 00:46:05,759
Speaker 1: deal done, I'm the one that insisted on the meeting.

872
00:46:05,840 --> 00:46:08,839
Speaker 1: They couldn't get a meeting because one said cease fire,

873
00:46:08,880 --> 00:46:11,200
Speaker 1: one said no, cease fire. Was going back and forth.

874
00:46:11,239 --> 00:46:14,600
Speaker 1: I said, look at this point, we got to stop it.

875
00:46:15,080 --> 00:46:17,000
Speaker 1: Just go to the meeting. The meeting has been set.

876
00:46:17,400 --> 00:46:19,399
Speaker 1: Go to the meeting on Thursday. And if I thought

877
00:46:19,400 --> 00:46:22,080
Speaker 1: it would be helpful, I don't know where I'm going

878
00:46:22,120 --> 00:46:24,120
Speaker 1: to be at that particular point. There'll be someplace in

879
00:46:24,160 --> 00:46:25,920
Speaker 1: the Middle East, but I would fly there if I

880
00:46:25,920 --> 00:46:27,759
Speaker 1: thought it would be helpful.

881
00:46:29,200 --> 00:46:31,320
Speaker 2: Chinese, I want to ask you about side of oking refugees.

882
00:46:31,480 --> 00:46:35,759
Speaker 3: Dozens of Africaners who find discrimination in their home country

883
00:46:36,000 --> 00:46:37,800
Speaker 3: or heading to the United States where.

884
00:46:37,719 --> 00:46:40,600
Speaker 2: Your ordministration is going to welcome them as refugees.

885
00:46:40,880 --> 00:46:44,200
Speaker 5: Now this comes as you've faulted virtually all refugee admissions

886
00:46:44,440 --> 00:46:45,719
Speaker 5: for people think fannin.

887
00:46:45,520 --> 00:46:49,120
Speaker 1: And war from countries like Sudan, the Democratic Republic of Congo.

888
00:46:49,600 --> 00:46:51,000
Speaker 2: Why are you creating.

889
00:46:50,840 --> 00:46:54,000
Speaker 1: An expended the path into the country for the honors

890
00:46:54,040 --> 00:46:57,960
Speaker 1: or not others because they're being killed and we don't

891
00:46:57,960 --> 00:47:00,840
Speaker 1: want to see people be killed. Now, now South Africa

892
00:47:00,920 --> 00:47:04,880
Speaker 1: leadership is coming to see me, I understand sometime next week,

893
00:47:05,520 --> 00:47:08,520
Speaker 1: and you know we're supposed to have a guess a

894
00:47:08,600 --> 00:47:11,319
Speaker 1: G twenty meeting there or something. But we're having a

895
00:47:11,360 --> 00:47:13,080
Speaker 1: G twenty meeting. I don't know how we can go

896
00:47:13,160 --> 00:47:16,840
Speaker 1: unless that situation's taken care of. But it's a genocide

897
00:47:16,840 --> 00:47:18,360
Speaker 1: that's taking place that you people.

898
00:47:18,160 --> 00:47:19,120
Speaker 2: Don't want to write about.

899
00:47:19,640 --> 00:47:24,680
Speaker 1: But it's a terrible thing that's taking place. And farmers

900
00:47:24,680 --> 00:47:28,319
Speaker 1: are being killed. They happen to be white. But whether

901
00:47:28,360 --> 00:47:31,160
Speaker 1: they're white or black makes no difference to me. But

902
00:47:31,239 --> 00:47:35,520
Speaker 1: white farmers are being brutally killed and their land is

903
00:47:35,560 --> 00:47:39,680
Speaker 1: being confiscated in South Africa, and the newspapers and the media,

904
00:47:40,239 --> 00:47:42,759
Speaker 1: television media doesn't even talk about it. If it were

905
00:47:42,800 --> 00:47:44,960
Speaker 1: the other way around, they talk about it, that would

906
00:47:45,000 --> 00:47:48,239
Speaker 1: be the only story they talk about. And I don't

907
00:47:48,280 --> 00:47:51,000
Speaker 1: care who they are. I don't care about their race,

908
00:47:51,040 --> 00:47:53,439
Speaker 1: their color. I don't care about their height, their weight,

909
00:47:53,480 --> 00:47:55,879
Speaker 1: I don't care about anything. I just know that what's

910
00:47:55,920 --> 00:47:59,440
Speaker 1: happening is terrible to have people that live in South Africa,

911
00:47:59,480 --> 00:48:03,360
Speaker 1: they say it's terrible situation taking place. So we've essentially

912
00:48:03,400 --> 00:48:09,200
Speaker 1: extended citizenship to those people to escape from that violence

913
00:48:09,239 --> 00:48:14,600
Speaker 1: and come here. Yeah, as president, I'll thank you.

914
00:48:14,880 --> 00:48:17,399
Speaker 2: Are you letting China off the hook for these ninety days.

915
00:48:17,440 --> 00:48:19,680
Speaker 3: And do you really believe that they will follow through

916
00:48:19,760 --> 00:48:21,960
Speaker 3: with non tariff barriers.

917
00:48:21,480 --> 00:48:23,959
Speaker 2: And remove those non monitory tariffs. Yeah.

918
00:48:24,040 --> 00:48:25,600
Speaker 1: Yeah, I think they're going to follow through. I think

919
00:48:25,640 --> 00:48:27,279
Speaker 1: they want it very badly. I think they want to

920
00:48:27,320 --> 00:48:30,840
Speaker 1: deal very badly. Again, this doesn't include the steel tariffs

921
00:48:30,840 --> 00:48:32,720
Speaker 1: that I put on a long time ago that Biden

922
00:48:32,800 --> 00:48:34,200
Speaker 1: tried to get off, but he couldn't get them off

923
00:48:34,200 --> 00:48:34,520
Speaker 1: because it.

924
00:48:34,520 --> 00:48:35,320
Speaker 2: Was too much money.

925
00:48:36,080 --> 00:48:38,120
Speaker 1: You know, I took in hundreds of billions of dollars

926
00:48:38,160 --> 00:48:40,160
Speaker 1: from China what a lot of people don't now. But

927
00:48:40,200 --> 00:48:42,399
Speaker 1: we put on the tariffs originally, and if I didn't

928
00:48:42,440 --> 00:48:44,200
Speaker 1: do that, we wouldn't have a steel industry today.

929
00:48:44,200 --> 00:48:46,520
Speaker 2: And now we have a.

930
00:48:45,680 --> 00:48:48,319
Speaker 1: Thriving steel industry. It'll be thriving much more with what

931
00:48:48,360 --> 00:48:51,520
Speaker 1: we're doing because this is the next level. But it

932
00:48:51,520 --> 00:48:55,120
Speaker 1: doesn't include that doesn't include cars, doesn't include pharmaceuticals. When

933
00:48:55,160 --> 00:48:57,960
Speaker 1: we do that, and the reason we're doing that will

934
00:48:58,000 --> 00:48:59,680
Speaker 1: be to get them to come back in the country.

935
00:48:59,719 --> 00:49:01,759
Speaker 1: You know, there are Again I always say it because

936
00:49:01,760 --> 00:49:05,759
Speaker 1: a lot of people forget. But if a company like

937
00:49:05,840 --> 00:49:08,920
Speaker 1: Eli Lily, which is making a massive investment in the

938
00:49:09,000 --> 00:49:10,160
Speaker 1: United States.

939
00:49:09,800 --> 00:49:11,839
Speaker 2: Right now, they're building many many plants.

940
00:49:11,880 --> 00:49:16,319
Speaker 1: They've already started like seven of them, many plants, but

941
00:49:16,800 --> 00:49:20,480
Speaker 1: they are not going to be tariffed. There's no tariff cost.

942
00:49:20,719 --> 00:49:23,279
Speaker 1: So they're all doing that. They're all coming.

943
00:49:23,040 --> 00:49:25,080
Speaker 2: Back to the United States. I mean, I'll tell you what.

944
00:49:25,880 --> 00:49:28,440
Speaker 1: I hope I get the benefit of watching this because

945
00:49:29,200 --> 00:49:32,200
Speaker 1: as president, because you know, it takes a little while

946
00:49:32,239 --> 00:49:34,959
Speaker 1: to do this stuff, and they were doing it early

947
00:49:35,000 --> 00:49:35,919
Speaker 1: in the administration.

948
00:49:36,520 --> 00:49:39,040
Speaker 2: If you think of it, we have I believe, if

949
00:49:39,080 --> 00:49:39,640
Speaker 2: you look at.

950
00:49:39,520 --> 00:49:43,960
Speaker 1: The real total, it's over ten trillion dollars committed for

951
00:49:44,200 --> 00:49:50,480
Speaker 1: plants and factories. Other administrations haven't had one trillion over

952
00:49:50,520 --> 00:49:51,240
Speaker 1: a four year.

953
00:49:51,080 --> 00:49:53,440
Speaker 2: Period, even over an eight year period.

954
00:49:54,200 --> 00:49:58,360
Speaker 1: We have over ten trillion committed in one form or

955
00:49:58,400 --> 00:50:00,920
Speaker 1: the other over two months. Give me a break. I'm

956
00:50:00,920 --> 00:50:02,439
Speaker 1: here to hear three. But let's give me a break

957
00:50:02,440 --> 00:50:04,719
Speaker 1: on the first. On the first month. We want to

958
00:50:04,760 --> 00:50:07,480
Speaker 1: get acclimated. But you know, but if you think about

959
00:50:07,520 --> 00:50:11,239
Speaker 1: it's really two months, and so in two months, we

960
00:50:11,280 --> 00:50:15,799
Speaker 1: have an investment already of over ten trillion dollars, and

961
00:50:16,120 --> 00:50:19,879
Speaker 1: other presidents haven't had that done over a year, over

962
00:50:20,040 --> 00:50:24,160
Speaker 1: over four years. In some cases, it's unprecedented. There's never

963
00:50:24,200 --> 00:50:27,560
Speaker 1: been anything like it. It's a very exciting time in America.

964
00:50:27,800 --> 00:50:29,120
Speaker 1: Thank you very much, everybody.

965
00:50:29,239 --> 00:50:34,600
Speaker 5: Thank you.

966
00:50:34,920 --> 00:50:38,879
Speaker 7: Sancials on Russia, if which he doesn't agree.

967
00:50:38,560 --> 00:50:42,840
Speaker 1: With the Thirty Day agree, I do.

968
00:50:43,160 --> 00:50:44,000
Speaker 3: I have a feeling and.

969
00:50:50,480 --> 00:50:55,520
Speaker 5: Historic executive order. Keep it. Keep the shot right there, gentlemen.

970
00:50:55,840 --> 00:50:59,000
Speaker 5: In studio today is my co host, Jason.

971
00:51:00,000 --> 00:51:01,560
Speaker 2: I think it's the best groupever assemble.

972
00:51:02,600 --> 00:51:05,120
Speaker 1: In terms of medical I think you're going to see

973
00:51:05,160 --> 00:51:07,200
Speaker 1: a tremendous cut. I don't think, I mean, I know

974
00:51:07,239 --> 00:51:11,359
Speaker 1: you're going to see it in Medicaid, in Medicare. That

975
00:51:11,480 --> 00:51:15,160
Speaker 1: cut will be messive because drugs are fifty sixty percent

976
00:51:15,239 --> 00:51:18,000
Speaker 1: of the cost. So Medicaid costs are going down and

977
00:51:18,040 --> 00:51:20,279
Speaker 1: the Medicare costs are going down because of what we're

978
00:51:20,320 --> 00:51:24,680
Speaker 1: doing today. And there's no it's not like OGE. Well

979
00:51:24,680 --> 00:51:27,080
Speaker 1: maybe it won't happen. It's going to happen because the

980
00:51:27,120 --> 00:51:29,440
Speaker 1: other countries have no choice. Now. The drug companies are

981
00:51:29,440 --> 00:51:30,920
Speaker 1: going to have to say, listen, if you don't pay more,

982
00:51:30,920 --> 00:51:31,960
Speaker 1: we're not going to give you the drug.

983
00:51:32,040 --> 00:51:34,560
Speaker 2: And they're willing to do that. So that's it. They

984
00:51:34,600 --> 00:51:36,880
Speaker 2: have to We have to equalize.

985
00:51:37,440 --> 00:51:40,520
Speaker 1: Is a person as it Rice controls, say, how do

986
00:51:40,560 --> 00:51:43,840
Speaker 1: you how do you respond to this? It's not price control? No, no,

987
00:51:43,880 --> 00:51:47,960
Speaker 1: what was price control as before? If you want to

988
00:51:47,960 --> 00:51:50,879
Speaker 1: talk about price control is what they were doing. They

989
00:51:50,880 --> 00:51:54,040
Speaker 1: were making us pay. They set a price and they

990
00:51:54,040 --> 00:51:57,439
Speaker 1: said here's what we're going to pay, and anything else

991
00:51:57,520 --> 00:52:03,000
Speaker 1: charge America because at that time they a very stupid president.

992
00:52:03,120 --> 00:52:05,520
Speaker 2: And it really went crazy during the last four years.

993
00:52:06,200 --> 00:52:09,480
Speaker 1: And remember this, the Democrats are the ones that allowed

994
00:52:09,520 --> 00:52:10,200
Speaker 1: this to happen.

995
00:52:10,640 --> 00:52:12,080
Speaker 2: They were the ones that were the.

996
00:52:12,040 --> 00:52:15,960
Speaker 1: Protector of this pricing system.

997
00:52:16,280 --> 00:52:17,959
Speaker 2: And I think it's going to be very hard.

998
00:52:18,000 --> 00:52:20,480
Speaker 1: You have to ask Democrats, are they going to vote

999
00:52:20,480 --> 00:52:25,520
Speaker 1: against the one great, big, beautiful deal that's being negotiated

1000
00:52:25,560 --> 00:52:28,520
Speaker 1: now tax cuts et cetera. Were now on top of

1001
00:52:28,560 --> 00:52:32,200
Speaker 1: the tax cuts and regulation cuts all the things. Now

1002
00:52:32,239 --> 00:52:34,760
Speaker 1: you're going to say that the price of your medicine

1003
00:52:34,800 --> 00:52:38,359
Speaker 1: is going down by sixty seventy eighty percent, you're going.

1004
00:52:38,280 --> 00:52:39,120
Speaker 2: To vote against it.

1005
00:52:39,200 --> 00:52:41,880
Speaker 1: I think a lot of Democrats are going to be

1006
00:52:41,960 --> 00:52:44,440
Speaker 1: forced to do something that their leaders are going to

1007
00:52:44,440 --> 00:52:46,319
Speaker 1: beg them not to do, and let's vote for the bill.

1008
00:52:46,400 --> 00:52:47,880
Speaker 2: I don't see how they can vote against it.

1009
00:52:48,160 --> 00:52:50,720
Speaker 1: How can they vote against it when drug prices drugs

1010
00:52:50,760 --> 00:52:54,280
Speaker 1: and pharmaceuticals are going to be down seventy eighty percent.

1011
00:52:54,480 --> 00:52:55,880
Speaker 2: It's going to be very interested.

1012
00:52:56,040 --> 00:52:58,080
Speaker 3: Listen, President, what do you say people who knew that

1013
00:52:58,239 --> 00:53:01,600
Speaker 3: luxury chat as a personal to you? Why not leave it.

1014
00:53:01,520 --> 00:53:02,879
Speaker 2: By ANBC fake news?

1015
00:53:02,920 --> 00:53:03,040
Speaker 4: Right?

1016
00:53:03,280 --> 00:53:06,440
Speaker 2: Why not only only ABC? Well a few of you would,

1017
00:53:07,000 --> 00:53:07,319
Speaker 2: let me.

1018
00:53:07,239 --> 00:53:11,640
Speaker 1: Tell you, you should be embarrassed to asking that question. They're

1019
00:53:11,640 --> 00:53:14,480
Speaker 1: giving us a free jet. I could say, no, no, no,

1020
00:53:14,520 --> 00:53:16,680
Speaker 1: don't give us. I want to pay you a billion

1021
00:53:16,800 --> 00:53:20,080
Speaker 1: or four hundred million or whatever it is. Or I

1022
00:53:20,080 --> 00:53:23,640
Speaker 1: could say thank you very much. You know, there was

1023
00:53:23,680 --> 00:53:25,920
Speaker 1: an old golfer named Sam Sneed. Did you ever hear

1024
00:53:26,120 --> 00:53:29,080
Speaker 1: you want ADGA tournament? Who was a great golfer, and.

1025
00:53:29,160 --> 00:53:31,480
Speaker 2: He had a motto. When they give you a putt.

1026
00:53:32,160 --> 00:53:34,080
Speaker 1: You say thank you very much, You pick up your

1027
00:53:34,080 --> 00:53:35,839
Speaker 1: ball and you walk to the next hole. A lot

1028
00:53:35,840 --> 00:53:38,239
Speaker 1: of people are stupid. They say no, no, I had

1029
00:53:38,320 --> 00:53:40,040
Speaker 1: just started putting it, and then they put it and

1030
00:53:40,040 --> 00:53:42,880
Speaker 1: they miss it and their partner gets.

1031
00:53:42,719 --> 00:53:46,000
Speaker 2: Angry at them. You know what, remember that Sam Snead,

1032
00:53:46,640 --> 00:53:47,080
Speaker 2: When they.

1033
00:53:47,000 --> 00:53:48,600
Speaker 1: Give you a putt, you pick it up and you

1034
00:53:48,640 --> 00:53:50,600
Speaker 1: walk to the next hole and you say thank you.

1035
00:53:50,719 --> 00:53:53,440
Speaker 2: Very much. Were this man.

1036
00:53:53,600 --> 00:53:55,520
Speaker 3: Some people may look at this and say, have you

1037
00:53:55,560 --> 00:53:58,759
Speaker 3: ever been given a gift worth millions of dollars and

1038
00:53:58,760 --> 00:53:59,440
Speaker 3: then not receive it?

1039
00:53:59,560 --> 00:54:01,640
Speaker 1: Not a gift me, It's a gift to the Department

1040
00:54:01,719 --> 00:54:05,080
Speaker 1: of Defense. And you should know better because you've been

1041
00:54:05,120 --> 00:54:07,600
Speaker 1: embarrassed enough, and so has your network. Your network is

1042
00:54:07,640 --> 00:54:11,200
Speaker 1: a disaster. ABC is a disaster. Here is the bill, Bobby,

1043
00:54:11,239 --> 00:54:13,840
Speaker 1: come on over here now you're talking.

1044
00:54:20,040 --> 00:54:26,120
Speaker 2: Thank you very much, Thank you very much.

1045
00:54:27,400 --> 00:54:31,320
Speaker 5: Okay, there's a president. Absolute blockbuster. Today started this morning.

1046
00:54:31,680 --> 00:54:35,160
Speaker 5: There's the president. Let's keep that shot right there. My

1047
00:54:35,280 --> 00:54:39,160
Speaker 5: co host from the beginning of the War Room, Jason Miller,

1048
00:54:39,840 --> 00:54:42,319
Speaker 5: is in the house. Jason, this started this morning with

1049
00:54:42,400 --> 00:54:46,760
Speaker 5: us at three am Eastern time, when Scott Bessont stood

1050
00:54:46,880 --> 00:54:50,520
Speaker 5: a step to the microphones in Geneva about the trade deal.

1051
00:54:50,600 --> 00:54:53,440
Speaker 5: What a morning it's been already prehistoric. Yeah, no, it's

1052
00:54:53,480 --> 00:54:53,919
Speaker 5: been huge.

1053
00:54:53,920 --> 00:54:55,640
Speaker 9: And Steve, I'll tell you as I set my alarm

1054
00:54:55,680 --> 00:54:58,759
Speaker 9: to get up this morning to watch Secretary Besson and

1055
00:54:58,880 --> 00:55:01,799
Speaker 9: Ambassador Greer, which you know some people set there learning

1056
00:55:01,840 --> 00:55:03,279
Speaker 9: to wake up and watch an Olympic team on the

1057
00:55:03,440 --> 00:55:05,719
Speaker 9: side of the planet, and so come back.

1058
00:55:05,680 --> 00:55:07,319
Speaker 5: Into the room. My wife's like, what are you doing?

1059
00:55:07,480 --> 00:55:10,239
Speaker 9: Like I was watching the press conference with the trade

1060
00:55:10,239 --> 00:55:12,120
Speaker 9: press conference Geneva, and she goes, who are you on

1061
00:55:12,160 --> 00:55:16,160
Speaker 9: the phone with Steve Bannon? She just looked just like sugarhead.

1062
00:55:16,520 --> 00:55:18,839
Speaker 9: So that's that's how the day started. But Steve, I'd rather,

1063
00:55:18,960 --> 00:55:21,359
Speaker 9: you know, chat with you at three in the morning

1064
00:55:21,400 --> 00:55:24,640
Speaker 9: than anyone else. Today's about these topics. I mean, it's

1065
00:55:24,680 --> 00:55:27,799
Speaker 9: a big day. This is a very historic day. When

1066
00:55:27,800 --> 00:55:31,240
Speaker 9: do you think about what has been done just today?

1067
00:55:31,440 --> 00:55:33,960
Speaker 9: So first of all, we talked about this historic trade

1068
00:55:34,000 --> 00:55:36,440
Speaker 9: deal with China, which, by the way, we still have

1069
00:55:36,640 --> 00:55:40,080
Speaker 9: the fifty percent tariffs on China, and this still.

1070
00:55:39,880 --> 00:55:41,960
Speaker 5: Doesn't even explain that for a second, because I think

1071
00:55:42,000 --> 00:55:44,920
Speaker 5: there's a misinterpretation about the ten percent going on the

1072
00:55:45,000 --> 00:55:48,479
Speaker 5: ninety days. Let's talk about the reality that the hand

1073
00:55:48,520 --> 00:55:51,200
Speaker 5: that President Trump's playing in the cards, he's playing very smart.

1074
00:55:51,520 --> 00:55:53,600
Speaker 5: Number one, we have fifty percent.

1075
00:55:53,400 --> 00:55:55,839
Speaker 9: Terraff basically on China on their goods, correct, So it's

1076
00:55:55,840 --> 00:55:58,400
Speaker 9: the twenty percent that are from the first time on first.

1077
00:55:58,000 --> 00:56:00,680
Speaker 5: Which Biden could even take off things exactly and now

1078
00:56:00,680 --> 00:56:02,840
Speaker 5: we know the atrophy. We'll get into this later, but

1079
00:56:02,960 --> 00:56:05,640
Speaker 5: how Biden these guys. Just even the Chinese said, we

1080
00:56:05,680 --> 00:56:07,680
Speaker 5: don't know what happened. These guys couldn't even talk to them.

1081
00:56:07,880 --> 00:56:10,520
Speaker 9: That twenty plus the twenty of the fentanyl, the fentael

1082
00:56:10,600 --> 00:56:14,080
Speaker 9: twenty yep plus then the ten percent that we talked

1083
00:56:14,080 --> 00:56:17,319
Speaker 9: about the universal baseline tariff. So it's fifty percent on

1084
00:56:17,440 --> 00:56:20,239
Speaker 9: them ten percent that they have on us. So right

1085
00:56:20,280 --> 00:56:23,360
Speaker 9: away the president got them to take theirs way down. Still,

1086
00:56:23,400 --> 00:56:27,280
Speaker 9: this does not even count the tariffs on strategic industries,

1087
00:56:27,320 --> 00:56:30,880
Speaker 9: whether it be semiconductors or automobiles, or stealing aluminum or

1088
00:56:30,920 --> 00:56:34,200
Speaker 9: as we start talking about pharmaceuticals. So when we talk

1089
00:56:34,239 --> 00:56:37,239
Speaker 9: about what's the shift, the tectonic plate shift of what's

1090
00:56:37,239 --> 00:56:39,840
Speaker 9: already happening for not just jobs coming back to the US,

1091
00:56:40,080 --> 00:56:42,680
Speaker 9: not just foreign investment coming to the US, but also

1092
00:56:43,160 --> 00:56:45,359
Speaker 9: think about all the jobs and industries have moved away

1093
00:56:45,360 --> 00:56:47,920
Speaker 9: from China, whether going to other Southeast Asian countries or

1094
00:56:48,040 --> 00:56:50,160
Speaker 9: they're going to India. You think of what's happening with Apple,

1095
00:56:50,280 --> 00:56:53,520
Speaker 9: for example. The shift is starting to happen. What Secretary

1096
00:56:53,520 --> 00:56:57,400
Speaker 9: of Vestant said with a strategic decoupling is exactly what

1097
00:56:57,480 --> 00:56:59,480
Speaker 9: it is. So are we ever going to have the

1098
00:56:59,480 --> 00:57:02,080
Speaker 9: T shirt in industry back in the United States. No,

1099
00:57:02,200 --> 00:57:04,719
Speaker 9: probably not. But do we need to make our semiconductors here?

1100
00:57:04,719 --> 00:57:07,359
Speaker 9: Do we need to make our AI servers here? Things

1101
00:57:07,360 --> 00:57:09,279
Speaker 9: of this nature. Of course, then you think of what

1102
00:57:09,320 --> 00:57:10,040
Speaker 9: the president just did.

1103
00:57:10,120 --> 00:57:12,680
Speaker 5: Well, we'll hang over a second because in this strategic

1104
00:57:12,760 --> 00:57:15,239
Speaker 5: decoupling what and we're going to play all this later, folks.

1105
00:57:15,320 --> 00:57:17,520
Speaker 5: We got all the clips. What I got to use

1106
00:57:17,560 --> 00:57:20,560
Speaker 5: Jason ware gutting because he's got a bolt. What he

1107
00:57:20,640 --> 00:57:24,600
Speaker 5: said also in Geneva, he said, it's the precision engineering.

1108
00:57:24,680 --> 00:57:27,960
Speaker 5: It's the precision manufacturing that we need to get back here.

1109
00:57:28,040 --> 00:57:30,320
Speaker 5: That's the key thing, and that's what the strategic We're

1110
00:57:30,320 --> 00:57:33,840
Speaker 5: going to strategically decouple from that bring those industries back.

1111
00:57:33,840 --> 00:57:36,200
Speaker 5: Those are the high value added manufacturing jobs of the

1112
00:57:36,240 --> 00:57:37,400
Speaker 5: future exactly.

1113
00:57:37,560 --> 00:57:39,600
Speaker 9: So that's what we need, and that's what I think

1114
00:57:39,640 --> 00:57:42,040
Speaker 9: President Trump is doing. Keep in mind, this is just

1115
00:57:42,080 --> 00:57:44,840
Speaker 9: with regard to China. All the tariffs still remain when

1116
00:57:44,840 --> 00:57:46,560
Speaker 9: it comes to the EU, when it comes to other

1117
00:57:46,600 --> 00:57:48,920
Speaker 9: trading partners. Of course, we got the deal done with

1118
00:57:49,000 --> 00:57:51,680
Speaker 9: the UK, but President Trump is going to get wins

1119
00:57:51,800 --> 00:57:53,080
Speaker 9: from all these countries you.

1120
00:57:53,120 --> 00:57:55,919
Speaker 5: Just got back from Southeast Asia. They're all looking whether

1121
00:57:55,960 --> 00:58:02,080
Speaker 5: it's Japan, South Korea, Philippines, Vietnam, India, the big group

1122
00:58:02,120 --> 00:58:06,280
Speaker 5: of the East Asians, Indo Pacific, Australia. These are all

1123
00:58:06,320 --> 00:58:08,520
Speaker 5: stacked up that Weston is going to come back when

1124
00:58:08,520 --> 00:58:11,520
Speaker 5: he gets back from Saudi Arabia and start closing on it. Yeah.

1125
00:58:11,600 --> 00:58:13,080
Speaker 9: And the other thing too is keep in mind it's

1126
00:58:13,080 --> 00:58:15,760
Speaker 9: not just these deals, is also the foreign investment. So

1127
00:58:15,840 --> 00:58:19,000
Speaker 9: I had a roundtable with energy CEOs when I was

1128
00:58:19,000 --> 00:58:21,360
Speaker 9: in Japan. They're going to be putting in tens of

1129
00:58:21,400 --> 00:58:24,960
Speaker 9: billions when it comes to whether it be Alaska or

1130
00:58:25,000 --> 00:58:27,880
Speaker 9: the Gulf State's various projects. Their thing to steve That

1131
00:58:27,920 --> 00:58:29,560
Speaker 9: really jumped out of me when I was in Asia.

1132
00:58:29,920 --> 00:58:32,880
Speaker 9: Everybody wants to be teamed up with the US. They're

1133
00:58:32,960 --> 00:58:35,360
Speaker 9: begging to be teamed because you spend time in both

1134
00:58:35,360 --> 00:58:40,200
Speaker 9: Singapore and Tokyo and Taipei and Taipei. I want to

1135
00:58:40,200 --> 00:58:43,600
Speaker 9: get to Taipei in a second. In Singapore because Singapore.

1136
00:58:43,280 --> 00:58:46,360
Speaker 5: Since Hong Kong's been shut down from US, I mean,

1137
00:58:46,520 --> 00:58:48,280
Speaker 5: you and I spend a lot of time there. Since

1138
00:58:48,320 --> 00:58:50,360
Speaker 5: that's been shut down from Singapore has become the new

1139
00:58:50,360 --> 00:58:53,160
Speaker 5: center of gravity on the financial really the capital market

1140
00:58:53,160 --> 00:58:54,200
Speaker 5: outside of Tokyo in.

1141
00:58:54,200 --> 00:58:56,400
Speaker 9: Asia, it is that's where all the deals are being done.

1142
00:58:56,440 --> 00:58:58,040
Speaker 9: So when you think about what's at the dead center

1143
00:58:58,080 --> 00:59:01,400
Speaker 9: of the quad, it's really it's obviously Singapore is not

1144
00:59:01,440 --> 00:59:05,560
Speaker 9: a member, but whether it's Australia, India, Japan, South Korea, ourselves,

1145
00:59:05,920 --> 00:59:08,240
Speaker 9: you think about all the key allies in the area,

1146
00:59:09,040 --> 00:59:11,640
Speaker 9: Singapore is right at the dead center of all of it.

1147
00:59:12,000 --> 00:59:14,680
Speaker 9: And these countries want to be teamed up with us.

1148
00:59:15,360 --> 00:59:18,680
Speaker 9: That is, that's where they want to be and the techto.

1149
00:59:18,360 --> 00:59:20,959
Speaker 5: Did you get any pushback at all when President Trump

1150
00:59:21,040 --> 00:59:23,160
Speaker 5: kind of called guys out for the non teriff barriers,

1151
00:59:23,160 --> 00:59:25,080
Speaker 5: which are so key here. It's just not the number,

1152
00:59:25,120 --> 00:59:27,760
Speaker 5: it's the non terryff barriers. Did you get any did

1153
00:59:27,800 --> 00:59:31,840
Speaker 5: anybody actually complain that, Yeah, that's unfair. They all kind

1154
00:59:31,840 --> 00:59:34,960
Speaker 5: of admit that they've been doing this to block American exports.

1155
00:59:35,280 --> 00:59:35,920
Speaker 5: Well exactly.

1156
00:59:35,960 --> 00:59:38,920
Speaker 9: I mean you think about with Japan with the currency magnipulation.

1157
00:59:39,680 --> 00:59:41,680
Speaker 9: I mean, you wouldn't think that Japan is a country

1158
00:59:41,680 --> 00:59:44,560
Speaker 9: that has serious issues with currency manipulation, but they do.

1159
00:59:44,760 --> 00:59:46,680
Speaker 9: I mean we kind of take for granted, I think

1160
00:59:46,760 --> 00:59:49,920
Speaker 9: the independence here of the FED. I know, sometimes the

1161
00:59:49,920 --> 00:59:52,280
Speaker 9: President likes to go and tee up our man Jay

1162
00:59:52,360 --> 00:59:54,640
Speaker 9: Powell a little bit. But having the independence of the

1163
00:59:54,640 --> 00:59:57,000
Speaker 9: FED is a pretty important thing when we talk about

1164
00:59:57,000 --> 01:00:00,320
Speaker 9: global currency. So they have to go and some of

1165
01:00:00,360 --> 01:00:03,080
Speaker 9: these non teff barriers. There are a lot of sticky points,

1166
01:00:03,080 --> 01:00:07,000
Speaker 9: say with regard to Japan and agriculture is a big one.

1167
01:00:07,320 --> 01:00:09,240
Speaker 9: But they have to if they want us to take

1168
01:00:09,360 --> 01:00:11,680
Speaker 9: their products, then they have to open up the market.

1169
01:00:11,680 --> 01:00:15,080
Speaker 5: Stars mark it up right now about one thousand points,

1170
01:00:15,120 --> 01:00:18,640
Speaker 5: so it's up over forty two thousand. So the mid

1171
01:00:18,680 --> 01:00:22,560
Speaker 5: April blaring headlines every day from the left media that

1172
01:00:22,640 --> 01:00:25,120
Speaker 5: this is worse than nineteen twenty nine or nineteen thirty

1173
01:00:25,120 --> 01:00:27,240
Speaker 5: two in the Great Depression. That's kind of put to

1174
01:00:27,280 --> 01:00:32,240
Speaker 5: bed gold. Gold is down one hundred bucks at thirty

1175
01:00:32,240 --> 01:00:34,160
Speaker 5: two thirty two hundred. We've totally is this is going

1176
01:00:34,200 --> 01:00:38,400
Speaker 5: to bunce around ten year bond four point four. The

1177
01:00:38,480 --> 01:00:43,000
Speaker 5: ten year has been edging up. The market response to

1178
01:00:43,040 --> 01:00:45,920
Speaker 5: this so far is pretty positive. It's been great. But

1179
01:00:46,200 --> 01:00:47,479
Speaker 5: again it's not just that.

1180
01:00:47,720 --> 01:00:50,440
Speaker 9: As you know, obviously the past thirty forty years, the

1181
01:00:50,480 --> 01:00:52,120
Speaker 9: wealth has all been created in the market's been not

1182
01:00:52,200 --> 01:00:55,680
Speaker 9: with the working class, but the wheels have been put

1183
01:00:55,720 --> 01:00:58,320
Speaker 9: in motion by President Trump to bring back these jobs,

1184
01:00:58,360 --> 01:01:03,000
Speaker 9: to look after these specific sectors. This fundamental shift is on.

1185
01:01:03,240 --> 01:01:06,520
Speaker 9: This is changing. He is single handedly saving the US

1186
01:01:06,600 --> 01:01:10,320
Speaker 9: auto industry. He's single handedly well bringing about the US

1187
01:01:10,360 --> 01:01:14,400
Speaker 9: semiconductor industry. As we see TSMC building their big facility and.

1188
01:01:14,480 --> 01:01:17,080
Speaker 5: Talks about when you were in Type type, what's the

1189
01:01:17,120 --> 01:01:20,240
Speaker 5: feeling over there, because that's like the danger zone. It's

1190
01:01:20,320 --> 01:01:21,400
Speaker 5: it is a danger zone.

1191
01:01:21,480 --> 01:01:24,480
Speaker 9: And they live in a world where in any moment

1192
01:01:25,040 --> 01:01:27,320
Speaker 9: China could go and make the move to take it over.

1193
01:01:27,720 --> 01:01:29,640
Speaker 9: And it's not just by the way, it's not just

1194
01:01:29,720 --> 01:01:31,919
Speaker 9: the chips, it's the AI servers. There are a number

1195
01:01:31,960 --> 01:01:34,360
Speaker 9: of things that go into the AI ecosystem that are

1196
01:01:34,400 --> 01:01:37,440
Speaker 9: critical coming out of Type and they're.

1197
01:01:37,520 --> 01:01:39,640
Speaker 5: Very concerned, and as they should be, and so.

1198
01:01:39,600 --> 01:01:42,720
Speaker 9: They realize that they need to diversify, they need to

1199
01:01:42,760 --> 01:01:47,720
Speaker 9: have operations, they need a strong US ally and you

1200
01:01:47,760 --> 01:01:49,680
Speaker 9: can tell just in talking them, it's the first thing

1201
01:01:49,680 --> 01:01:52,000
Speaker 9: that comes up the You know, we're part of the

1202
01:01:52,040 --> 01:01:54,720
Speaker 9: de coupling crowd, right, we're anti CCP.

1203
01:01:54,960 --> 01:01:59,000
Speaker 5: However, we understand the reality of the global economy. We

1204
01:01:59,000 --> 01:02:01,800
Speaker 5: were a huge support of Life Heightthheiser's two year effort

1205
01:02:02,520 --> 01:02:05,280
Speaker 5: to actually get a deal that integrated it all, took

1206
01:02:05,280 --> 01:02:07,520
Speaker 5: care of all the original sins of the Chinese companies

1207
01:02:07,560 --> 01:02:10,080
Speaker 5: party as far as the economy goes, for two years,

1208
01:02:10,120 --> 01:02:12,120
Speaker 5: and then at the end of that they kind of

1209
01:02:12,160 --> 01:02:14,320
Speaker 5: spit in President Trump's face and walked away from that deal.

1210
01:02:14,400 --> 01:02:16,400
Speaker 5: We did get the skinny deal later, which is a

1211
01:02:16,440 --> 01:02:19,680
Speaker 5: part of this and the execution of it. But how

1212
01:02:19,680 --> 01:02:23,440
Speaker 5: does President Trump now navigate because they're committed to a

1213
01:02:23,480 --> 01:02:27,360
Speaker 5: strategic decoupling. What Besson said there was so important, a

1214
01:02:27,400 --> 01:02:32,000
Speaker 5: strategic decoupling on some you know, and particularly precision manufacturing,

1215
01:02:32,040 --> 01:02:36,640
Speaker 5: bringing manufacturing back looking at jobs. How do you You're

1216
01:02:36,640 --> 01:02:38,520
Speaker 5: not going to get that done in ninety days. That's

1217
01:02:38,560 --> 01:02:40,560
Speaker 5: going to take a while. And Jamison Greer is the

1218
01:02:40,560 --> 01:02:43,520
Speaker 5: perfect guy. People don't understand Ambassador Greer, who is at

1219
01:02:43,520 --> 01:02:46,200
Speaker 5: the microphone next to Scott today. It was with Secretary

1220
01:02:46,240 --> 01:02:49,720
Speaker 5: Best in the entire time. He was the wingman for Lightheiser,

1221
01:02:49,800 --> 01:02:51,520
Speaker 5: He was the deputy over there and he worked for

1222
01:02:51,520 --> 01:02:54,040
Speaker 5: two years. This guy knows the Chinese as well as

1223
01:02:54,080 --> 01:02:57,280
Speaker 5: anybody except for maybe Peter Navarro. How do you work

1224
01:02:57,280 --> 01:02:57,600
Speaker 5: through that?

1225
01:02:58,200 --> 01:03:00,480
Speaker 9: Well, keep in mind that one of the things Secretary

1226
01:03:00,560 --> 01:03:03,240
Speaker 9: Beston said in that three am press conference nine am

1227
01:03:03,320 --> 01:03:05,600
Speaker 9: Geneva time, was that now we have the mechanism in

1228
01:03:05,680 --> 01:03:07,640
Speaker 9: place to even have these talks, to have a process,

1229
01:03:07,680 --> 01:03:10,080
Speaker 9: to have a process. This is important. People might not realize.

1230
01:03:10,080 --> 01:03:13,120
Speaker 9: For the past four years with Joe Biden, not only

1231
01:03:13,160 --> 01:03:16,200
Speaker 9: did Biden not enforce the true deal so they just

1232
01:03:16,280 --> 01:03:19,080
Speaker 9: steamrolled over, they did not even have who is supposed

1233
01:03:19,120 --> 01:03:21,160
Speaker 9: to speak with whom How are you supposed to push

1234
01:03:21,160 --> 01:03:24,000
Speaker 9: forward on this because Biden was well literally and figuravely

1235
01:03:24,040 --> 01:03:27,040
Speaker 9: asleep at the wheel this entire time. Now they know

1236
01:03:27,160 --> 01:03:28,880
Speaker 9: who to talk to, how to go and do it.

1237
01:03:29,040 --> 01:03:30,880
Speaker 9: That's an important point even That's.

1238
01:03:30,720 --> 01:03:33,720
Speaker 5: Why that was the single biggest complaint that Beston told

1239
01:03:33,800 --> 01:03:35,479
Speaker 5: us a day of the Chinese when they first showed

1240
01:03:35,520 --> 01:03:37,440
Speaker 5: up to say, look, we need if this is going

1241
01:03:37,480 --> 01:03:39,120
Speaker 5: to be real, we need a process because we haven't

1242
01:03:39,120 --> 01:03:41,600
Speaker 5: heard from you guys in four years, which is pretty stunning.

1243
01:03:41,640 --> 01:03:44,040
Speaker 9: And by the way, it's not even just examples such

1244
01:03:44,040 --> 01:03:47,000
Speaker 9: as trade. I mean when Steve Whitcoff told me that

1245
01:03:47,040 --> 01:03:49,960
Speaker 9: he was over doing some of the initial pre inauguration

1246
01:03:50,400 --> 01:03:53,520
Speaker 9: piece talks that the other some of the players that

1247
01:03:53,600 --> 01:03:55,880
Speaker 9: are involved in that process would just laugh and say,

1248
01:03:56,480 --> 01:03:58,240
Speaker 9: we don't even know if the people here talk to

1249
01:03:58,320 --> 01:04:00,480
Speaker 9: Joe Biden. Joe Biden doesn't know who these people are

1250
01:04:00,880 --> 01:04:03,800
Speaker 9: having people actually, you know who to talk to in

1251
01:04:03,800 --> 01:04:05,640
Speaker 9: these other governments are in these other operations.

1252
01:04:05,680 --> 01:04:08,760
Speaker 5: Is deal makers engage. I mean, look at the day's conference.

1253
01:04:08,800 --> 01:04:12,600
Speaker 5: I know you get a both peace deals, trade deals,

1254
01:04:14,400 --> 01:04:17,800
Speaker 5: were tax deals. What else we got? We got drug deals,

1255
01:04:17,880 --> 01:04:21,480
Speaker 5: drug deals. This is monumental. This was huge.

1256
01:04:21,640 --> 01:04:25,400
Speaker 9: Everything that every politician going back my entire adult life

1257
01:04:25,440 --> 01:04:27,120
Speaker 9: has said that they were going to do, which has

1258
01:04:27,200 --> 01:04:31,280
Speaker 9: never been done. President Trump just did it today. So effectively,

1259
01:04:31,280 --> 01:04:33,240
Speaker 9: these costs are going to be shifted back to the Europeans.

1260
01:04:33,240 --> 01:04:33,960
Speaker 9: It's not going to be.

1261
01:04:34,040 --> 01:04:35,880
Speaker 5: Well, this is this is what would happen, is that

1262
01:04:35,920 --> 01:04:38,360
Speaker 5: we would pay the American people pay for the intellectual property,

1263
01:04:38,400 --> 01:04:40,520
Speaker 5: the primary research at the universities. As we get up

1264
01:04:40,560 --> 01:04:42,320
Speaker 5: to the drug companies, they'd have patents for a while.

1265
01:04:42,440 --> 01:04:45,280
Speaker 5: And what they would do is they would we would

1266
01:04:45,320 --> 01:04:48,440
Speaker 5: basically underwrite the European nations having a better deal on

1267
01:04:48,480 --> 01:04:50,480
Speaker 5: the American people on higher prices. Trump just said, hey,

1268
01:04:50,520 --> 01:04:52,400
Speaker 5: look guess what you're going to have take your profits

1269
01:04:52,400 --> 01:04:54,040
Speaker 5: from Europe and you're going to have to plumb back

1270
01:04:54,040 --> 01:04:55,640
Speaker 5: here because we're going to cut the prices. We're going

1271
01:04:55,720 --> 01:04:59,440
Speaker 5: to give the American citizen most Favored Nation status.

1272
01:04:59,080 --> 01:05:02,120
Speaker 9: Essentially right well, and that's exactly it. I mean, we

1273
01:05:02,200 --> 01:05:06,440
Speaker 9: heard the examples from Secretary Kennedy, from a Baticharia or

1274
01:05:06,520 --> 01:05:09,840
Speaker 9: mcarry or doctor Oz. They went through a list, example

1275
01:05:09,880 --> 01:05:12,680
Speaker 9: after example of why will some other country they pay

1276
01:05:12,720 --> 01:05:14,720
Speaker 9: eight dollars for this, but then we have to pay

1277
01:05:14,760 --> 01:05:17,240
Speaker 9: one thousand dollars and that's highway robbery. And especially keep

1278
01:05:17,280 --> 01:05:21,200
Speaker 9: in mind when you're talking Medicaid Medicare, I mean, this

1279
01:05:21,280 --> 01:05:24,560
Speaker 9: is taxpayer money. That's why you have doctor ozahead of CMS,

1280
01:05:24,600 --> 01:05:26,360
Speaker 9: who's up there talking about it, because this is where,

1281
01:05:26,400 --> 01:05:27,000
Speaker 9: this is where.

1282
01:05:27,160 --> 01:05:29,160
Speaker 5: Why has this never been in all the years you've

1283
01:05:29,200 --> 01:05:31,720
Speaker 5: been here and have been to the Republican politics side.

1284
01:05:32,280 --> 01:05:37,160
Speaker 5: Why the Oval office in the Roosevelt Room, that whole

1285
01:05:37,160 --> 01:05:40,680
Speaker 5: West Wing has been bought and paid for by big Pharma.

1286
01:05:40,800 --> 01:05:43,280
Speaker 9: Why has this never been done except for today? Because

1287
01:05:43,280 --> 01:05:46,120
Speaker 9: big Farmer's got a big checkbook. And you think about Steve,

1288
01:05:46,160 --> 01:05:49,640
Speaker 9: the structural reform of something like this, this is how

1289
01:05:49,640 --> 01:05:51,600
Speaker 9: you bring things like this there, bring down the cost

1290
01:05:51,720 --> 01:05:54,960
Speaker 9: of entitlements by going and having smart.

1291
01:05:54,720 --> 01:05:57,120
Speaker 5: Business comments about medicated medicare Yes.

1292
01:05:57,400 --> 01:06:00,320
Speaker 9: So this is because we all know the entitlement growth

1293
01:06:00,400 --> 01:06:02,600
Speaker 9: is the thing that's absolutely blown up the budget. Obviously

1294
01:06:02,600 --> 01:06:04,240
Speaker 9: President Trump and said that we're not going to cut

1295
01:06:04,480 --> 01:06:06,720
Speaker 9: entitlement benefits, but you can do it smarter, you can

1296
01:06:06,760 --> 01:06:09,080
Speaker 9: do it more efficient in the amount of money that

1297
01:06:09,120 --> 01:06:12,160
Speaker 9: we can save. Just from something like this blows away

1298
01:06:12,240 --> 01:06:15,160
Speaker 9: even some of the much hyped up savings that we

1299
01:06:15,200 --> 01:06:16,800
Speaker 9: found so far in this administration.

1300
01:06:17,200 --> 01:06:20,479
Speaker 5: This is the Bazuka blast. Talk about what he's doing.

1301
01:06:20,520 --> 01:06:24,040
Speaker 5: It's so smart. He's going after foundational elements that drive

1302
01:06:24,120 --> 01:06:27,400
Speaker 5: costs the American people. Energy prices are coming down, the

1303
01:06:27,480 --> 01:06:29,320
Speaker 5: drug prices are going to come down, the cost of

1304
01:06:29,400 --> 01:06:31,640
Speaker 5: living is essentially going to come down, right, And this

1305
01:06:31,720 --> 01:06:34,320
Speaker 5: is where he's going to He's going to get economic

1306
01:06:34,360 --> 01:06:38,200
Speaker 5: traction to do other things. But he's going after course, folks,

1307
01:06:38,760 --> 01:06:42,040
Speaker 5: the things he's doing behind the scenes eventually become policy.

1308
01:06:42,080 --> 01:06:43,680
Speaker 5: And that's why I love when he just comes in

1309
01:06:43,720 --> 01:06:46,040
Speaker 5: and takes an hour and just takes questions from the media.

1310
01:06:46,720 --> 01:06:50,680
Speaker 5: It is so powerful and rewiring not just the global

1311
01:06:50,680 --> 01:06:54,360
Speaker 5: economy and the commercial relationships to American people, in the country.

1312
01:06:54,760 --> 01:06:56,760
Speaker 5: But the entire way the nation works.

1313
01:06:56,880 --> 01:06:59,360
Speaker 9: Now and exactly even when it comes to the tax bill,

1314
01:06:59,360 --> 01:07:01,000
Speaker 9: I know, the first off of it might have had

1315
01:07:01,040 --> 01:07:02,040
Speaker 9: a couple of omissions.

1316
01:07:02,160 --> 01:07:03,720
Speaker 5: But what did you and I I mean when you

1317
01:07:03,760 --> 01:07:05,280
Speaker 5: saw to get it done. Yeah, when we saw it,

1318
01:07:05,280 --> 01:07:06,920
Speaker 5: it was a little the thing put out Friday night,

1319
01:07:06,960 --> 01:07:08,640
Speaker 5: it was a little light, right.

1320
01:07:08,840 --> 01:07:12,120
Speaker 9: But the energy costs coming down, the cost of prescription

1321
01:07:12,240 --> 01:07:16,840
Speaker 9: drugs coming down. We look at the taxes coming down.

1322
01:07:17,000 --> 01:07:19,280
Speaker 9: I mean, so much of this is coming. And also

1323
01:07:19,520 --> 01:07:22,920
Speaker 9: where he single handedly saved the US auto industry, I mean,

1324
01:07:22,920 --> 01:07:25,360
Speaker 9: the trajectory of the US auto industry is going to

1325
01:07:25,360 --> 01:07:27,760
Speaker 9: be put you see right now. You see what's happening

1326
01:07:27,840 --> 01:07:30,760
Speaker 9: in Germany, for example, I mean the Chinese have come

1327
01:07:30,800 --> 01:07:33,040
Speaker 9: and completely eaten the Germany's.

1328
01:07:32,640 --> 01:07:34,680
Speaker 5: Lunch in the middle of what they call the middle

1329
01:07:34,680 --> 01:07:36,240
Speaker 5: of the companies, right in the middle.

1330
01:07:36,320 --> 01:07:38,720
Speaker 9: The Chinese took them all and they crushed, they took

1331
01:07:38,800 --> 01:07:42,240
Speaker 9: them out. I mean, their industry, their manufacturing base is rocked.

1332
01:07:42,280 --> 01:07:44,400
Speaker 9: Plus they've gotten themselves in the pickle with energy. They

1333
01:07:44,600 --> 01:07:47,520
Speaker 9: cut off the Russians, they turn off the the nukes

1334
01:07:47,520 --> 01:07:49,160
Speaker 9: and the coal plants, and then I guess they just read,

1335
01:07:49,160 --> 01:07:50,440
Speaker 9: their peddle their bikes to work.

1336
01:07:50,480 --> 01:07:52,360
Speaker 5: An't know what Germany is even doing anymore. The new

1337
01:07:52,400 --> 01:07:54,840
Speaker 5: portrait goal in Spain. A couple of days, they're gonna have.

1338
01:07:54,840 --> 01:07:56,320
Speaker 9: A couple of dark days and some of those Mike

1339
01:07:56,360 --> 01:07:59,240
Speaker 9: Bloomberg bike lanes for Germany because no more energy. But

1340
01:07:59,320 --> 01:08:00,920
Speaker 9: they're going to go and turn that around. I think

1341
01:08:00,960 --> 01:08:03,120
Speaker 9: Mergz and some of those at least will be better.

1342
01:08:03,160 --> 01:08:05,600
Speaker 9: And Olaf Schultz from before. But the fact of the

1343
01:08:05,640 --> 01:08:08,320
Speaker 9: matter is President Trump said it's going to take a

1344
01:08:08,320 --> 01:08:10,960
Speaker 9: little bit of time. We're going to get their Secretary

1345
01:08:11,000 --> 01:08:13,680
Speaker 9: Besson said, you got to look at the regulatory changes,

1346
01:08:13,760 --> 01:08:15,480
Speaker 9: you got to look at the tax changes, you look

1347
01:08:15,520 --> 01:08:17,840
Speaker 9: at the trade changes. This is all part of one post.

1348
01:08:17,960 --> 01:08:19,240
Speaker 9: It's one part of an ecosystem.

1349
01:08:19,280 --> 01:08:22,679
Speaker 5: Then when Scott and and Trump are trum about bringing

1350
01:08:22,680 --> 01:08:24,799
Speaker 5: these jobs back, it's you're going to have a begger

1351
01:08:24,840 --> 01:08:29,480
Speaker 5: regulatory environment, better energy environment, better ecosystem, built up infrastructure

1352
01:08:29,479 --> 01:08:32,639
Speaker 5: of being a complete package that's not just tariffs. That'll

1353
01:08:32,680 --> 01:08:34,200
Speaker 5: be a big part of it. That's why jobs are

1354
01:08:34,200 --> 01:08:34,800
Speaker 5: going to come back.

1355
01:08:34,880 --> 01:08:39,040
Speaker 9: And today with this drug pricing deal, for President Trump

1356
01:08:39,120 --> 01:08:41,800
Speaker 9: to do this, Steve, your point was so spot on

1357
01:08:42,120 --> 01:08:45,760
Speaker 9: for literally decades, politicians have talked about doing this, but

1358
01:08:45,760 --> 01:08:48,720
Speaker 9: they've always been chicken because farmer has a big checkbook. Well,

1359
01:08:48,800 --> 01:08:51,639
Speaker 9: guess what President Trump just said, and even started off

1360
01:08:51,640 --> 01:08:54,400
Speaker 9: by saying, Hey, I know these guys kicked in a

1361
01:08:54,439 --> 01:08:55,960
Speaker 9: lot of money, but you know what this is about

1362
01:08:55,960 --> 01:08:57,840
Speaker 9: the American people, So heroic.

1363
01:08:57,479 --> 01:09:00,960
Speaker 5: Big what he's done with big tech, the Oligarchson done here. Also,

1364
01:09:01,040 --> 01:09:03,760
Speaker 5: Bobby Kennedy, I get to I got to hear a

1365
01:09:03,760 --> 01:09:06,400
Speaker 5: Democratic response to what Bobby Kennedy said. Bobby Kennedy is

1366
01:09:06,479 --> 01:09:09,559
Speaker 5: Democratic Party royalty. And Bobby Kennedy says he's worked his

1367
01:09:09,720 --> 01:09:12,160
Speaker 5: entire adult life for this. It's never happened. And he

1368
01:09:12,160 --> 01:09:14,920
Speaker 5: said he called out Bernie Sanders by name. He said,

1369
01:09:14,920 --> 01:09:17,280
Speaker 5: Bernie Sanders, this is what you stood for. Biden didn't

1370
01:09:17,280 --> 01:09:18,920
Speaker 5: do it. They had every opportunity to do this in

1371
01:09:18,960 --> 01:09:20,479
Speaker 5: Biden's term and nothing happened. No.

1372
01:09:20,640 --> 01:09:22,680
Speaker 9: Meanwhile, that's why you see the Democratic Party and such.

1373
01:09:22,680 --> 01:09:25,519
Speaker 9: You're disarray. Me as you have Mayor Pete and Jasmine

1374
01:09:25,520 --> 01:09:27,759
Speaker 9: Crockett and the rest of the all starts that party.

1375
01:09:28,479 --> 01:09:30,960
Speaker 5: It's not serious. It's not serious. Bob Reich wrote a

1376
01:09:30,960 --> 01:09:33,080
Speaker 5: great piece in the in the in the Guardian about

1377
01:09:33,240 --> 01:09:36,240
Speaker 5: a populous economical left and it's just it's a cry

1378
01:09:36,280 --> 01:09:38,200
Speaker 5: for help. I only get you for a few more minutes.

1379
01:09:38,960 --> 01:09:41,760
Speaker 5: The one we haven't covered is peace deals. A bombshell

1380
01:09:41,840 --> 01:09:44,280
Speaker 5: right there on Turkey, right because Turkey. You got the

1381
01:09:44,400 --> 01:09:49,040
Speaker 5: Ukraine peace negotiations that Erdawan's going to host on Thursday.

1382
01:09:49,600 --> 01:09:51,840
Speaker 5: The President showed a little ankle there. You think a

1383
01:09:51,880 --> 01:09:54,440
Speaker 5: possibility that President Trump could be an Istanbul.

1384
01:09:54,240 --> 01:09:56,400
Speaker 9: Boy, I can only imagine Sean Kerrn sweat and as

1385
01:09:56,400 --> 01:09:58,600
Speaker 9: he heard that, Shawn of course, being the head of

1386
01:09:58,600 --> 01:10:02,360
Speaker 9: the Secret Service, No sah.

1387
01:10:02,080 --> 01:10:03,439
Speaker 5: Hey boss, what are you doing to me here?

1388
01:10:04,280 --> 01:10:06,679
Speaker 9: But no, but this is it's only coming about because

1389
01:10:06,680 --> 01:10:08,639
Speaker 9: of President Trump. And this is the thing. It's the

1390
01:10:08,680 --> 01:10:11,840
Speaker 9: force of personality. It's the knowing how to use the

1391
01:10:11,840 --> 01:10:13,560
Speaker 9: big bazooka blast to get.

1392
01:10:13,520 --> 01:10:15,799
Speaker 5: An engaged engaged. Can't they engage?

1393
01:10:15,840 --> 01:10:18,360
Speaker 9: Because Steve, there was nothing that was going to change

1394
01:10:18,400 --> 01:10:21,599
Speaker 9: the trajectory of this war if it wasn't for President Trump.

1395
01:10:21,800 --> 01:10:24,200
Speaker 9: And from the beginning, President Trump had the messaging on

1396
01:10:24,280 --> 01:10:27,719
Speaker 9: this so perfect. We have to stop the killing. Everyone

1397
01:10:27,760 --> 01:10:30,360
Speaker 9: else comes in, they're arguing about a province here or

1398
01:10:30,439 --> 01:10:32,519
Speaker 9: region here. We had to get this land, or they're

1399
01:10:32,560 --> 01:10:34,640
Speaker 9: trying to find who wins. No, no, no, this is

1400
01:10:34,680 --> 01:10:37,280
Speaker 9: about stopping the killing. The other thing that people forget

1401
01:10:37,640 --> 01:10:43,479
Speaker 9: when you have the destabilization between Russia and Ukraine. What

1402
01:10:43,520 --> 01:10:46,160
Speaker 9: that does is that kills business investment, whether it be

1403
01:10:46,400 --> 01:10:48,439
Speaker 9: not just in Central Eastern Europe, but really in all

1404
01:10:48,479 --> 01:10:50,880
Speaker 9: of Europe. People get nervous about what's going on. It

1405
01:10:51,000 --> 01:10:54,280
Speaker 9: changes what's happening with the global oil and energy supply,

1406
01:10:54,840 --> 01:10:58,000
Speaker 9: the markets there. It really has folks clenching up and

1407
01:10:58,000 --> 01:11:00,320
Speaker 9: not wanting to go and spend or invest money. You

1408
01:11:00,400 --> 01:11:04,360
Speaker 9: get that saved, people start deploying capital again, and the

1409
01:11:04,400 --> 01:11:07,120
Speaker 9: global economy will be much better off. I tell people

1410
01:11:07,120 --> 01:11:08,840
Speaker 9: in the second hundred days, and we're going to see

1411
01:11:08,840 --> 01:11:11,920
Speaker 9: the summer is the convergence of crises. Now you've got

1412
01:11:11,920 --> 01:11:15,439
Speaker 9: the first, I believe is the only thing that Democrats

1413
01:11:15,479 --> 01:11:19,719
Speaker 9: got going from is this radical judicial supremacy. Right, Something's

1414
01:11:19,760 --> 01:11:21,640
Speaker 9: going to have to happen between now and the time

1415
01:11:21,720 --> 01:11:23,639
Speaker 9: the court leaves at the end of June. Correct, We're

1416
01:11:23,640 --> 01:11:24,200
Speaker 9: going to have to.

1417
01:11:24,120 --> 01:11:29,360
Speaker 5: Have some resolution to these judges stepping between because to

1418
01:11:29,520 --> 01:11:32,160
Speaker 5: delay is to deny, right, and that's obviously what they're

1419
01:11:32,160 --> 01:11:33,880
Speaker 5: trying to do and make it smart. On the convert

1420
01:11:33,920 --> 01:11:36,400
Speaker 5: you've got the financial we've got the debt ceiling comes

1421
01:11:36,439 --> 01:11:38,320
Speaker 5: doe in the first couple of weeks of August. You've

1422
01:11:38,320 --> 01:11:40,439
Speaker 5: got the Big Beautiful Bill. How that lumbers through here,

1423
01:11:40,560 --> 01:11:44,120
Speaker 5: You've got the mass deportations, the court situation, plus the

1424
01:11:44,160 --> 01:11:46,400
Speaker 5: connect part the Third World, trying to balance all these

1425
01:11:46,400 --> 01:11:50,240
Speaker 5: different zones of conflict now Kashmir and Pakistant on in there.

1426
01:11:50,600 --> 01:11:53,200
Speaker 5: Make us smart the next one hundred days or so

1427
01:11:53,439 --> 01:11:55,200
Speaker 5: is how does Jason Miller look at this?

1428
01:11:55,560 --> 01:11:57,880
Speaker 9: So obviously watching all the trade deals, I think the

1429
01:11:57,880 --> 01:12:00,880
Speaker 9: administration is pretty darn close. A few others they'll be

1430
01:12:00,960 --> 01:12:03,160
Speaker 9: ready to be announced, which is good, good.

1431
01:12:03,040 --> 01:12:06,920
Speaker 5: Easy Sasian the big ones, the Japan's, the Koreas, the Indias.

1432
01:12:06,760 --> 01:12:08,719
Speaker 9: There'll be yeah, there'll be several more that are coming.

1433
01:12:08,800 --> 01:12:12,360
Speaker 9: So that's going to be continued progress the Big Beautiful Bill. Look,

1434
01:12:12,360 --> 01:12:14,920
Speaker 9: I know everyone's optimistic we're going to get done in July.

1435
01:12:15,720 --> 01:12:17,960
Speaker 9: I hope it's July before the August recess, just because

1436
01:12:17,960 --> 01:12:20,280
Speaker 9: of the debt ceiling. On the September one, probably a

1437
01:12:20,280 --> 01:12:22,800
Speaker 9: September one. That's that's just realistically. I mean, there's there's a.

1438
01:12:22,760 --> 01:12:24,639
Speaker 5: Scott's going to have to learn to stretch the debts too.

1439
01:12:24,840 --> 01:12:28,840
Speaker 9: Yeah, it's going to pay. Yeah, party payments get it in.

1440
01:12:28,920 --> 01:12:31,800
Speaker 9: You get a ten percent discount. So that's an issue.

1441
01:12:31,800 --> 01:12:33,679
Speaker 9: But the thing that I'm really paying attention to, Steve,

1442
01:12:33,840 --> 01:12:36,360
Speaker 9: is the constitutional crisis that I think this country is

1443
01:12:36,400 --> 01:12:39,519
Speaker 9: coming up on the fact that you have these rogue

1444
01:12:40,200 --> 01:12:42,839
Speaker 9: circuit court judges that can go and put a temporary

1445
01:12:43,160 --> 01:12:44,040
Speaker 9: restraining order like.

1446
01:12:44,000 --> 01:12:47,400
Speaker 5: On Friday twenty one, agencies. President can't touch some judge

1447
01:12:47,400 --> 01:12:49,320
Speaker 5: in a Clint appointing in San Francisco.

1448
01:12:49,600 --> 01:12:52,120
Speaker 9: Exactly, there will be some bing appoint in Rhode Island

1449
01:12:52,240 --> 01:12:55,439
Speaker 9: or some Blue state, some Democrat appointed judge that then

1450
01:12:55,640 --> 01:12:57,400
Speaker 9: that holds for the entire country.

1451
01:12:57,439 --> 01:13:01,120
Speaker 5: That is not the equal bounds. I believe that, as

1452
01:13:01,160 --> 01:13:03,519
Speaker 5: I've been saying now that before the court leaves the

1453
01:13:03,560 --> 01:13:05,200
Speaker 5: last week of June, they come back in the first

1454
01:13:05,200 --> 01:13:08,240
Speaker 5: week October. This has to be this part of it

1455
01:13:08,280 --> 01:13:10,920
Speaker 5: has to be resolved. You can't have a summer with

1456
01:13:11,000 --> 01:13:13,880
Speaker 5: this open where these judges are still making these decisions

1457
01:13:13,880 --> 01:13:17,479
Speaker 5: and stopping the deportations of these criminal terrorists.

1458
01:13:17,640 --> 01:13:20,000
Speaker 9: It is I mean, in many ways, I think I

1459
01:13:20,040 --> 01:13:23,800
Speaker 9: said this once before. Effectively they just traded their pink

1460
01:13:23,800 --> 01:13:26,960
Speaker 9: hats for black robes. This is the new resistance. This

1461
01:13:27,040 --> 01:13:29,240
Speaker 9: is how they're trying to stop President Trump. The Democrat

1462
01:13:29,280 --> 01:13:31,040
Speaker 9: Party is a complete mess. They have no idea what

1463
01:13:31,040 --> 01:13:32,800
Speaker 9: they're doing, but they look and they say, you know

1464
01:13:32,840 --> 01:13:35,360
Speaker 9: what this is, how well through the refrigerator on the train.

1465
01:13:35,240 --> 01:13:38,320
Speaker 5: Track by having these these rogue, out of control judges

1466
01:13:39,520 --> 01:13:42,280
Speaker 5: President Trump and one of his closes as advisors, Jason Miller.

1467
01:13:42,360 --> 01:13:44,439
Speaker 5: Where do people go on social media to get you?

1468
01:13:44,520 --> 01:13:47,320
Speaker 9: Absolutely can find me on x I do we call

1469
01:13:47,360 --> 01:13:50,280
Speaker 9: it X now, Twitter at Jason Miller, at Jason Miller

1470
01:13:50,320 --> 01:13:51,960
Speaker 9: in d C and pretty much every other.

1471
01:13:51,880 --> 01:13:54,559
Speaker 5: And you're pretty selective down your TV appearances. So once

1472
01:13:54,760 --> 01:13:56,640
Speaker 5: you were doing all the CNN because you had a

1473
01:13:56,680 --> 01:13:58,799
Speaker 5: deal o there, but now you're pretty selective where.

1474
01:13:58,640 --> 01:14:01,240
Speaker 9: You go right, Yeah, get out there, either when President

1475
01:14:01,280 --> 01:14:03,800
Speaker 9: Trump needs another advocate or if there's something that I'm

1476
01:14:03,840 --> 01:14:06,360
Speaker 9: passionate on. Here, today's a perfect example we have. I mean,

1477
01:14:06,360 --> 01:14:08,040
Speaker 9: how many historical things are happening.

1478
01:14:07,760 --> 01:14:10,519
Speaker 5: No, No, three o'clock in the morning, nobody, nobody better to

1479
01:14:10,560 --> 01:14:12,559
Speaker 5: talk to you than Jason Miller, our original co host

1480
01:14:12,640 --> 01:14:15,080
Speaker 5: here with Raheem in the warm Jason thank you so

1481
01:14:15,160 --> 01:14:17,559
Speaker 5: much and thank you for hanging around. Just fantastic short

1482
01:14:17,560 --> 01:14:20,400
Speaker 5: commercial break. We returned to the War and Manager. Take

1483
01:14:20,439 --> 01:14:22,640
Speaker 5: your phone out, Bannon b A N N O N

1484
01:14:22,680 --> 01:14:26,439
Speaker 5: at nine eight Get to Birch Gold Today, the Ultimate

1485
01:14:26,479 --> 01:14:29,000
Speaker 5: guide to investing in gold, the precious metals in the

1486
01:14:29,000 --> 01:14:32,080
Speaker 5: era of Trump. Take a short commercial break, Jason Miller.

1487
01:14:32,120 --> 01:14:38,200
Speaker 5: Thank you so much, brother, thank you, thank.

1488
01:14:38,040 --> 01:14:40,200
Speaker 2: You, say alry.

1489
01:14:41,520 --> 01:14:44,120
Speaker 5: You will last show right.

1490
01:14:45,479 --> 01:14:58,280
Speaker 2: Well, Marection America.