President Trump had the first major international trip of his second term this week. Ahead of the trip, the U.S. held trade negotiations with China, which the President announced will result in a 90-day pause on their tariffs. Over the weekend, President Trump also announced an executive order potentially slashing prescription drug prices.
Category
🗞
NewsTranscript
00:00President Trump stole the show, as he can do.
00:03He gave an hour and eight minute long presentation and I would say 22 minutes of Q&A at the end.
00:11Just a whirlwind of so many different policy issues, so many things happening on the foreign policy front and also on domestic policy.
00:19We'll take you through those real quick so that we can give you this 30,000 foot view of what's going on.
00:25And I guess the most important information on the foreign policy front today also affects people here in their pocketbooks.
00:31And that is this 90 day sort of standoff or pause with the Chinese on the tariffs, which hopefully will help a lot of America's small and medium sized businesses hold on and get their footing since the rug was really taken out from under them as President Trump tried to rebalance his trade deal.
00:50Correct. They need it. Yeah, it has to happen.
00:52And it's great to see you. I'm very excited for you to sign this copy of I Wish You Wouldn't Have Told Me because I have it right here.
00:58You promised me you would.
00:59No, that had to happen. Businesses were not ready for this and they just can't turn on American manufacturing if they outsource it.
01:06And it's fine if we use a country like India, but we don't have that deal announced yet.
01:09And they're not. India is not quite ready yet.
01:11India is not quite ready yet.
01:12And we have a lot of potential there, but they need a longer ramp.
01:16And people are talking about why the stores are still stock.
01:18It's because people were preordering, knowing that the tariffs were coming on Liberation Day, so they just preordered.
01:22But we have Christmas coming and we don't want prices to go up and prices are not really coming down yet.
01:27So we need that to happen.
01:28I'm glad this is happening.
01:2990 days.
01:30What happens in 90 days is the question, of course.
01:32Oh, my gosh.
01:33Today, speaking of prices, there's a little bit of an aside, but egg prices have come down a little bit.
01:38But during the show, my sister sent me a text from Denver, and there was this big semi-truck in Denver, and there was an accident.
01:48Yeah.
01:49And the contents of the truck spelled out, and it was all eggs.
01:54No.
01:54A whole semi-truck full of eggs.
01:56Yeah.
01:56Man.
01:57Not great.
01:58So you're in Pennsylvania.
01:59Well, South Jersey, and my show's in Philadelphia.
02:03I had some friends who were farmers from North Jersey who came down, and they brought me eggs from their chickens.
02:07Oh, nice.
02:08That was nice.
02:08Some more people were getting chickens from.
02:10But what's the feeling like in Pennsylvania and South Jersey?
02:13Yeah.
02:14Jersey is interesting because there's a gubernatorial race right now.
02:17I want to talk to you about that as well.
02:19But in Pennsylvania, how are people feeling about prices?
02:21Because there were two main issues that everyone said was the most important for the election last year, the economy and immigration.
02:27And on the economy, it was about prices being too high and inflation.
02:31On immigration, I think people feel pretty great about how President Trump has solved the problem.
02:37Oh, my God.
02:37And are dealing with it.
02:38And he's got a lot of high approval ratings on that front.
02:42But when it comes to inflation and high prices, what are you seeing in your area?
02:47So people are willing to give the president time on this.
02:51They really are.
02:51Because, you know, as our mutual friend Selena Zito has pointed out, these factories have gone out of business and these workers have seen their jobs go overseas.
02:57They're willing to give Trump a chance to realign this global order to bring American manufacturing back and to hopefully save these these towns in Pennsylvania, particularly in John Fetterman's area.
03:08And it's interesting, Dana, how the Democrats are all coming after him now, you know, hit piece after hit piece going after Senator Fetterman.
03:15So Senator John Fetterman, just for people who don't know, a little bit background on him and why they're going after him.
03:20Yeah, well, he had a stroke and then he ran for Senate.
03:22I remember I was actually on Newsroom the day after the debate between him and Dr. Oz years ago.
03:27And Democrats said he was fine.
03:29Now there's all these hit pieces saying he's not fine and he needs to go.
03:32And that's because he's become much more of a moderate Democrat.
03:35And very supportive of Israel, supportive of Israel.
03:38And also he's not bashing Trump.
03:40And he's also saying that we have to stop illegal immigration.
03:43He said we can't have the invasion the size of Pittsburgh coming to America every single day.
03:46So it's hit piece after hit piece now in Fetterman.
03:48Even today, there were some new ones that came out.
03:50So, yeah, that has been one of the most more ugly political hits I've seen in a long time.
03:57He does seem to have a lot of support.
03:58Is that kind of negativity affecting him at home?
04:03No, in fact, it's amazing how people are rallying.
04:06Like our friend Senator Dave McCormick put out a tweet over the weekend saying enough with the hit the tax on him.
04:11You had several Republican senators doing that as well, saying it's despicable.
04:14But what about Democrats in Pennsylvania?
04:16Democrats in Pennsylvania are, I think, in a wait and see mode because of they have Democrats who are trying to say they're in the middle.
04:24You've got Josh Shapiro, obviously the governor.
04:26You've got Fetterman.
04:27It's a different state now.
04:29Trump won Pennsylvania big time.
04:30So Pennsylvania may not be a swing state anymore.
04:34It may be a red state.
04:35And John Fetterman may still win because that red state will still elect Democrats.
04:40But they're not.
04:41No, they're rallying around him for the most part.
04:43Interesting.
04:43Yeah.
04:44OK, so we had the China issue.
04:45So that's a little bit wait and see.
04:47Yeah.
04:47Wait and see.
04:4890 days.
04:49Then you have the possibility of Putin and Zelensky meeting this week on Thursday.
04:54President Trump said, Zelensky, please go meet with him.
04:56And he's going to meet in Turkey.
05:00President Trump kind of showed a little leg today.
05:02I think that if he believes that there will be an actual peace deal, that Trump will go to Turkey.
05:09He's in the region.
05:10He could at least go over and be a part of that.
05:12Now, to me, going to be there as a part of a 30-day pause, I don't know if that's enough for presidential attention.
05:21Maybe it is.
05:21Maybe he thinks that he needs to do that in order to get peace.
05:24But how do you see that one?
05:26If he can bring peace, that would be a huge accomplishment for him.
05:29I mean, obviously, he was talking today about the India-Pakistan peace that they have, this temporary ceasefire.
05:34And he said it could have been nuclear war and millions could have died.
05:38He wants to get this done.
05:39He ran on this issue of saying that he was going to bring peace and not have any new wars.
05:44If he goes and he's able to achieve it, it'll be great.
05:48I don't think he's going to go unless he has a guarantee that it will happen.
05:52Don't you think?
05:53I mean, they're...
05:54Yep.
05:55I think it probably is likely.
05:57I think that he...
05:58It's so interesting because in an hour and eight minutes, the president had so much news.
06:03Yeah.
06:04I came from a pretty disciplined background in terms of what message are you driving today?
06:10Right.
06:11What do I want people to talk about today?
06:14President Trump has so many things he wants to do, and he's doing it all at once.
06:18I think Mark Halpern described it today as all gas, no brakes.
06:22And I think that of all the things he put out today, several of these things could land in his favor.
06:27It's just really...
06:28It's just difficult for the human mind to get around it and to really focus on one thing.
06:33Do you remember the days in politics where we'd say it was the message of the week?
06:36Yes, of course.
06:37Right?
06:37This was the message of the week.
06:38Well, infrastructure week.
06:39Those days are gone.
06:39Remember?
06:39Yeah.
06:39There was going to be infrastructure week for like eight years.
06:41Yeah.
06:42Right.
06:42And then it never was.
06:43Then we got infrastructure week, and guess what came with that?
06:46Inflation.
06:47Right.
06:47There was also President Trump talking about India and Pakistan.
06:52I don't want to get into that necessarily.
06:53Just here's the bottom line.
06:55For any president, the problems of the world land on the Resolute Desk at 1600 Pennsylvania Avenue.
07:02And President Trump will be no stranger to that.
07:04He has a lot of things he wants to get done domestically.
07:06And so the point of the press conference today was ahead of his trip to do a domestic executive order on drug prices.
07:16And this, he calls it Most Favored Nation.
07:20An issue, I'm trying to figure out the way to best describe this and summarize it.
07:24This has been a, let me give you an example.
07:27RFK Jr., the Secretary of Health and Human Services today said, this is so meaningful today, what President Trump is doing.
07:34And he said he called his two sons, and the sons were crying.
07:38And they said, never in my lifetime did I think this would happen.
07:41What I think is interesting is that his sons support Bernie Sanders.
07:44So I don't understand why the Democrats don't just go, thank you, sir.
07:48Yeah.
07:49Yeah.
07:49And take him up and say, we'll take yes for an answer.
07:52Absolutely.
07:53This is what we always wanted.
07:54And if the Democrats fight this, like, what are you fighting for?
07:56It should be Republicans who say, wait a second, this is actually not competitive.
08:01It's not the marketplace figuring it out.
08:03We're just trying to do more government price controls.
08:05And we know what ends up happening at the end of that.
08:07You get less innovation and you get more higher prices in the long run.
08:10Yeah.
08:10It's upside down world, right?
08:12I mean, it's a Republican president doing things that you would think Democrats would do.
08:16Biden tried this in 2021, I believe, or 2022.
08:20And the courts put a hold on it.
08:22So we'll see where this goes.
08:23But I think for anyone listening, two things to keep in mind.
08:25Number one, Donald Trump is trying to realign the world order, whether it is with trade,
08:31drug prices, or with peace.
08:33He wants to realign the world order.
08:35All right.
08:35And now, then looking at this idea of MAHA, the Make America Healthy Again movement, we're
08:40realigning the party.
08:41You have moms in the suburbs.
08:43I talked to one over the weekend, actually, at a soccer game.
08:46She works for a food company.
08:47I won't name the name.
08:48But they have now their healthy chips.
08:50It's their healthy nacho cheese chips that are supposed to appeal to the MAHA moms.
08:54So there is this lag now where corporate America is trying to catch up to this.
08:58And I think Donald Trump, by bringing Kennedy on board, was able to bring over a lot of
09:02people who don't necessarily like Donald Trump, but they like those policies.
09:06And for years, they were waiting for the Democrats to do something about it, and they never did.
09:10It's a fair point.
09:10Some of the MAHA movement stuff, it crosses all sorts of lines.
09:17And so it's exciting in terms of people being healthier.
09:20The president also talked about, he called his very overweight friend who is on the fat
09:25drug.
09:26And that's his words, not mine.
09:28And he said, the guy called and said, hey, why am I paying $88 for this in London when
09:33I pay $1,300 back home?
09:35There are a lot of reasons for that.
09:37But as somebody who lived in Britain for a while, I will tell you also this, do you know
09:40how much you pay in taxes in order to have the National Health Service there, which is
09:44the worst health care system outside of maybe all the others?
09:48I mean, ours is terrible, but it's better than the rest.
09:51And I look at this and I think, wow, one thing is pretty interesting.
09:56If President Trump, in trying to remake the world order, makes NATO and Europe take more
10:02responsibility for their own backyard, good thing, right?
10:06And if on the drug manufacturing front and research and development, Europe gets a kick
10:12in the rear, okay, also good.
10:15But I would also say there's one other part that's hanging out there, and that is Europe
10:19treats our American tech companies terribly.
10:23And so there has to be a rebalancing there.
10:25He doesn't talk about that as much, but it's coming.
10:28And I think that the way that they try to go after the business model, and I think a lot
10:33of it has to also do with jealousy.
10:34It's not just that they don't, that they want to protect their kids from social media.
10:38That actually is a universal thing.
10:41It's that they're jealous because they cannot come up with the innovation that we've been
10:45able to do here in America.
10:46Yeah, exactly.
10:47Right?
10:48And so they're whining about that, and then they take advantage of them.
10:50On the drug side, let's not forget, I remember I worked for a New Jersey congressman, a very
10:53conservative guy, Scott Garrett, many years ago.
10:55Oh, yes.
10:55And we toured some of the drug facilities in Bergen County, New Jersey, where they have
11:00a lot of pharmaceutical companies.
11:01And they would say it takes a billion dollars to develop a breakthrough drug.
11:05There's a lot of regulation, and there's years, and there's no guarantee of success.
11:08People have to keep that in mind when they're talking about drug prices.
11:11The innovation to create the next breakthrough drug is that they'll make a lot of money on
11:15it, obviously.
11:15And the second part of it, in terms of Europe and your point about tech is great.
11:20I don't think people realize that.
11:21I don't think people realize that aspect of this, where America, what we do export still,
11:25we export our wonderful new tech, right?
11:28Our social media and everything else.
11:31When's the last UK that all the kids were talking about today?
11:35I don't know.
11:35Maybe there's something we don't know about, but it seems it's either the United States
11:38or China, who comes out with all these apps that everybody's using.
11:41Like how many Cadbury eggs do you really want to buy?
11:43I mean, this time of year, they're going away, Dana.
11:46I don't like the Cadbury eggs, and I don't know how RFK Jr. feels about them either.
11:50I want to talk about the Democrats for a little bit, because there's been a little bit of
11:54movement, a little bit, where you saw, first of all, there's all these books starting to
11:58come out about Biden.
12:00So you had Biden out last week trying to defend himself from some pretty tough attacks.
12:07I don't think, for people who watch Fox or listen to this podcast, you might not be
12:10surprised about how bad things were behind the scenes at the White House.
12:15They're trying to back clean up on that.
12:17I don't think it's working.
12:19How do you see it?
12:20I see it as the Democrat base.
12:21I mean, we know how we all feel about this.
12:24It was a cover up and they hid Biden's cognitive decline and everything else.
12:29Now, put yourself in the shoes of a grassroots Democrat, OK?
12:32Your party was complicit in hiding him.
12:35Every time he goes on TV, he's not going out there as the elder statesman.
12:37He's going out there as a reminder to them of how the party hid him.
12:41And you had no say in the process.
12:43So you're a grassroots Democrat voter.
12:44You had no say in the convention.
12:45You had no say in the primary, none whatsoever.
12:47You were handed a candidate who was a terrible candidate.
12:50And now you watch as that party goes out there and tries to pretend like that never happened.
12:56And it's a slap in your face.
12:57It really is.
12:58I think that in all the years in politics, and you know this better than anybody, when
13:03you lose trust with your party, it's very difficult to rebuild, like any other relationship.
13:07And I think the Democrat Party has lost trust with their voters.
13:10They've lost trust with their people because of how they handled this entire process.
13:14We can talk about all the books and we can say, hey, we told you so.
13:17And we did.
13:18We certainly did.
13:19But they watch and even they defended Biden in many cases.
13:23The voters, the grassroots Democrats, they go to a convention that's closed.
13:27They have no say in this whatsoever.
13:29So what we're all saying, I mean, I remember I was on with Mike Emanuel and he was filling
13:33in for you on your show.
13:33And I said before the debate in June, why are we doing a debate in June?
13:36This is a setup to get him out of the race.
13:39But then Democrats all of a sudden turn around and go, oh my God, what do we do now?
13:43And they watched as people like Barack Obama and Nancy Pelosi and Chuck Schumer made decisions
13:48for them, but they never were able to get their own base.
13:51The Republicans really had to go through a tough primary, family reunion, family reunions
13:58that were uncomfortable.
13:58But now you have a generational divide.
14:02And so whoever emerges from this will be younger.
14:05You're not going to get another 80.
14:06No, I do not think you're going to get another 80 year old candidate.
14:09There might be 15 candidates on stage.
14:11We saw that Alexandria Ocasio-Cortez, a firebrand New York City congresswoman.
14:18So she's not going to rule out 2028.
14:20And I think I don't think she wants to run for president necessarily.
14:23Maybe she does, but I think she keeps that line open so that she can keep raising as much
14:28money as she does.
14:29Jasmine Crockett is the congresswoman from the Houston area.
14:33She said this week that the Democrats just want a safe white boy.
14:37And I think she's pointing at Gavin Newsom.
14:40But I was also interested in something else.
14:42The new senator from Arizona, Ruben Gallego, made a trip to Pennsylvania.
14:46And so he's very liberal, but kind of tried to run as a moderate.
14:50What does that mean?
14:51He was going to one of the most swingiest of swing states.
14:54Yeah.
14:54And he got a ton of national attention for it.
14:58What he said, which I think is true, is stop blaming Trump voters for our loss.
15:03That's what he said to Democrats.
15:04Stop blaming the voters.
15:05And this is what Democrats have been doing for years, calling Trump's voters deplorables,
15:09calling them garbage, all the other things they say about them.
15:12And his point about stop doing that matters.
15:15It really does matter.
15:16But, you know, the problem is, and this is something I think is real with the Democrat
15:21base right now, is that every candidate is running to win a primary.
15:25They can win the primary, but they can't win the general.
15:26Not in this manner.
15:28They're all running to win a primary.
15:30That's why that Newark mayor who got arrested, Ross Baraka, who's the mayor of Newark, New
15:33Jersey, was arrested for going on this ICE attention facility.
15:36Best thing that ever happened for him, because now he's going to get national news.
15:39Nobody knew his name five minutes ago.
15:41He's running for governor, so he needs more attention.
15:42Running for governor.
15:43The primary is next month.
15:44It's early June, so he's got a chance now of becoming the Democrat nominee.
15:49Democrats still want to run on this anti-Trump platform, and that may get him to win the
15:53primary.
15:53But the minute the Democrat comes out there and says, stop blaming the Trump voters,
15:57now you're saying something very unique.
16:00It's not their fault that the Democrat Party lost them and left them behind.
16:04So why are you blaming the, don't blame the victim, right?
16:07I mean, the voters are the victims of your party that decided to abandon them for the elites
16:12and the faculty lounge.
16:13Yeah.
16:14So we wait and see.
16:16I mean, as we keep saying, we're trying to find silver linings for the Democrats.
16:19I'm looking for green shoots.
16:20I don't see a lot of them.
16:21I don't see a lot of them.
16:33Yeah.
16:35I don't see a lot of them.