- 6/9/2025
President Trump holds an ‘Invest America Roundtable’ at the White House and takes questions from reporters.
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NewsTranscript
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00:29We've had some exciting days in the last week, I would say, mostly good.
00:47Some of the things you're reading about in Los Angeles, thank goodness we sent out some wonderful National Guard.
00:54They've really helped, and a lot of problems they were having out there.
01:00They were afraid to do anything, and we sent out the troops, and they've done a fantastic job.
01:06So I want to thank them very much.
01:08I also want to thank you for being here, as we discuss one of the most exciting parts of the one big, beautiful bill.
01:15It is indeed a big, beautiful bill, and it's doing very well.
01:19The Trump Accounts, as they call it, pilot program, which will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer.
01:31Absolutely no cost.
01:33It's going to have a huge impact.
01:34I want to thank House Speaker Mike Johnson for, number one, being a great speaker, and number two, perhaps slightly less important, for being here today.
01:45Thank you, Mike.
01:47Along with Chairman Jason Smith, who's fantastic, and Representatives French Hill, August Pflueger, Blake Moore, Rob Bresnahan, and Frank Lucas.
01:58Thank you all, fellas.
01:59Thank you very much.
02:00We appreciate it very much.
02:02Thanks, as well, to many top business leaders from Invest America CEO Council.
02:09It's been a wonderful council.
02:10They've come up with some fantastic ideas.
02:12We're putting them into use.
02:14They're really the greatest business minds we have today.
02:17These men and women lead large, successful companies, and they're committed to contributing millions of dollars to the Trump account.
02:25And it's really, it's going to be something incredible for children and for their employees in many cases.
02:34Here is how the accounts work.
02:35For every U.S. citizen born after December 31st, 2024, before January 1st, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the overall stock market.
02:54In other words, it'll be pegged to an index that we'll pick.
02:57Right, Michael?
02:58We'll pick it.
02:58We'll pick a good one.
02:59Maybe you should be the index.
03:01I'd like to have that.
03:02These kids would be very wealthy if that were the case.
03:05That would be a good idea.
03:06I think we might do that, Michael Dell.
03:08These accounts will be private property controlled by the child's guardians, and in many cases, those guardians will be the parents.
03:17We think probably the parents will be the guardians.
03:19They'll be open for additional private contributions each year from family, friends, parents, employers, churches, private foundations, and more.
03:28This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation.
03:35And they'll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future.
03:45In addition to the substantial financial benefits of investing early in life, extensive research shows that children with savings accounts are more likely to graduate high school and college, buy a home, start a business, and are less likely to be incarcerated.
04:01Trump accounts will contribute to the lifelong success of millions of newborn babies.
04:08They'll are fully, and this will be very interesting, I think, for everybody to hear.
04:13They are fully funded through targeted reforms in the One Big Beautiful bill, like the $1.7 trillion in mandatory savings welfare reforms to stop waste and fraud, a 3.5 percent remittance tax, and more.
04:29And it's just a part of that.
04:30The One Big Beautiful bill is among the most important pieces of legislation in our country's history.
04:36I don't think there's ever been anything bigger, and I think it's going to go down as certainly one of the most important things we'll ever have done.
04:45In addition to the largest tax cuts in the history of our country, including the most powerful border security measures ever,
04:54it delivers major economic relief to the American workers, families, and there are so many things, rebuilding our military.
05:02We built it just eight years ago we started and did a great job, but now we have to rebuild it again, plus technology change.
05:11All of a sudden it's about drone, you know, we have a new form of warfare, it's drone warfare, so a lot of things change.
05:18We did a great job with the military, but now we're going to have to do some little tweaks, to put it mildly.
05:23And we'll be doing that, and we have it all nicely funded.
05:28I look forward to signing this into law.
05:32It's really something that we're having such an opportunity, and I have to say he's here with us.
05:37He's a person that I've admired for a long time.
05:40You take a look at what he's done and followed his record, and it's Dell chairman, Michael Dell.
05:47He's done such an incredible job as a business person.
05:52I study business people, and that's a perfect one to study.
05:56It should be almost mandatory reading.
05:59So I want to congratulate you on that, and thank you for the idea, because you're the first one that really brought this to my attention.
06:05I know that you and your friends have been talking about it for a long time, but other presidents didn't get it done, Michael, right?
06:11So we got it done.
06:13Congratulations.
06:15Thank you very much.
06:16Sure.
06:16I want to also give some recognition to my friend, Brad Gerstner, who helped get us all organized.
06:22That's right.
06:23And actually spearheaded this.
06:26Good.
06:26And also we have with us a very powerful man in the world of business, CEO David Solomon of Goldman Sachs.
06:34David, thank you very much.
06:37Thank you for having me here.
06:37Long time friend.
06:38Thank you very much.
06:40Uber CEO, Dara Kazrasa.
06:44Where is Kazrasa?
06:45Right here.
06:46Where?
06:47Thank you very much.
06:48That's a hell of a name, but you've done a hell of a job.
06:51So it's appropriate.
06:54And also, again, Chairman Smith for doing such a job.
06:57Nobody knows taxes better than Chairman Smith.
07:00When we have a problem, Mike, we go to see Chairman Smith, right?
07:03So I want to thank you very much, Dara and Chairman Smith.
07:07I appreciate it.
07:08So I'd like to begin by asking Speaker Johnson to say a few words.
07:14And I think then we're going to go to Michael Dell, David Solomon.
07:18We're going to go to Dara and then to Chairman Smith.
07:21Thank you very much.
07:23Mr. President, thank you so much for your bold, visionary leadership.
07:26It is the key to all of this great success that we are achieving.
07:29And the one big, beautiful bill, it is not an overstatement to say it will be one of the most consequential pieces of legislation in the history of Congress.
07:36There's a lot in here.
07:37And by extension, or I would say it is an extension of the figure who I believe will be the most consequential president of the modern era, if not all, of American history.
07:46And that's the gentleman sitting to my left.
07:47So I want to thank you for that.
07:49Thank you very much.
07:49That's a beautiful statement.
07:51I like him, too.
07:55It's a statement of objective fact.
07:58And every working American understands, I think, the principle behind this concept that we're discussing today.
08:05If you have a 401K, you understand the power of investing early for the future.
08:10Trump accounts take that same principle, and they apply it from the very beginning of Americans' lives.
08:17It's a pretty simple concept.
08:18The families that opt in will receive a one-time payment of $1,000 to a Trump account that parents can contribute to.
08:25It's a bold, transformative policy that gives every eligible American child a financial head start from day one.
08:33Republicans are proud to be the party.
08:35We always have been.
08:36It supports life and families and prosperity and opportunity.
08:40And Trump accounts are all about setting up the next generation for success.
08:44For future Americans, this early investment could really be the game changer.
08:49It could be a difference.
08:50It could pave the way for paying their way through college or buying their first home or starting a business, even when they're young.
08:59So even $1,000 at birth will put these Americans in a better position than over half of American adults who sadly have no retirement savings at all.
09:09So this would be a remedy to that great problem.
09:12And it will encourage the free market.
09:15It will encourage investment and understanding of capitalism, all these things that we want to foster among the American people so that the economy and individual lives can flourish.
09:26Of course, none of this happens unless we pass our one big, beautiful bill through Congress.
09:29And we have at stake the largest tax increase in American history if we fail to deliver.
09:35And we will not have this rocket fuel to the U.S. economy.
09:38And that's why this is so very important.
09:40Passing this pro-growth legislation will help every single American.
09:44From Trump accounts, this is one of the components of it, to eliminating taxes on tips and overtime, to reducing red tape on Main Street.
09:52And the one big, beautiful bill is going to drive prosperity.
09:54It's going to create jobs across the country.
09:56It will make all boats rise.
09:57Wages will go up.
09:58Job participation levels will go up.
10:00We'll have more opportunity, more economic opportunity for more people.
10:05So you can climb up that ladder to the next step.
10:08The typical family with two children is going to see their take-home pay increase by up to $13,300 a year.
10:14That's real money to real people.
10:16This legislation is geared for hardworking Americans, and it is going to help everybody.
10:21And we are excited to deliver it.
10:22It can't happen soon enough.
10:24We are very close now to that finish line.
10:26After about 14 months' worth of work that's gone into this, we're excited that we're almost there.
10:32Mr. President, thanks again for your leadership to all the great leaders around this table for all that they invest to our economy and our country and its government.
10:39And I will, as we say in the House, I'll yield back.
10:41Thank you very much, Mike.
10:42I appreciate it.
10:43And, again, for a great job.
10:45Thank you very much.
10:46Michael, please.
10:47Thank you so much, Mr. President.
10:49I believe this is an incredible moment for all of us here today, and it's wonderful to be with some of the leaders of the most successful companies in the world as we come together to invest in the future of our country.
11:00We see the Invest America Act and the establishment of these Trump accounts as a simple yet powerful way to transform lives.
11:09Decades of research has shown that giving children a financial head start profoundly impacts their long-term success.
11:17With these accounts, children will be much more likely to graduate from college, to start a business, to buy a home, and achieve lifelong financial stability.
11:26Dell Technologies is proud to be one of the very first companies to support the Invest America Act, a bill that provides every child with a $1,000 seed investment account at birth.
11:36This is a straightforward step with enduring benefits.
11:40Following your inspiring lead, Mr. President, Dell Technologies will match the government's contributions dollar for dollar for every child born to a Dell team member.
11:51This isn't just a new benefit.
11:52This is an investment in our people, their families, our communities, and America's future.
11:58And it embodies our core belief that opportunity should begin at birth.
12:01My wife, Susan, and I, also through our family foundation, have been closely studying the Invest America Act.
12:08And assuming that it becomes law, we expect to make a very significant gift.
12:13We view this initiative as a powerful platform for philanthropic innovation aimed at helping children thrive wherever they come from,
12:24particularly those families who have been historically left behind.
12:27Mr. President, you articulated it perfectly.
12:30These Invest America accounts will give every new American child a genuine opportunity to participate in history's greatest engine of economic growth, the American economy.
12:42The funds in these accounts invested in American enterprise and innovation will grow over time into substantial nest eggs,
12:50providing support for education, home ownership, and starting families.
12:55The ability of families, friends, benefactors, and employers to match the government's generosity amplifies the life-changing potential of this initiative.
13:05Thank you, Mr. President, for your visionary leadership on this critical issue.
13:09These Invest America accounts will profoundly impact countless young Americans,
13:14ensuring they truly benefit from what Abraham Lincoln described as the right of every American, the right to rise.
13:22Thank you very much, Mark Holland.
13:24We really have come a long way since you came to see me about six months ago with your beautiful wife.
13:30We had a nice talk.
13:31I said, that sounds pretty good.
13:32Let's think about that.
13:34And it's everybody I've spoken to about it.
13:37They can't even believe it.
13:39And because of great politicians and political leaders like we have, I think this is going to go quickly, very well and very quickly.
13:48So I appreciate it.
13:49Thank you very much.
13:51David Solomon, please.
13:55Thank you, Mr. President.
13:56I'm thrilled to be here with everyone and excited to participate in this important and timely discussion.
14:02I'd also like to acknowledge the efforts of so many in Congress on this very significant issue.
14:09And in particular, the members here and particularly the leadership of Senator Cruz and Representative Moore, who have played a big role in helping drive this forward.
14:16We also wouldn't be here today without the leadership of Brad Gerstner and Michael Dell and really having the vision, the energy, the passion, the commitment to help move this forward.
14:27So thank you both.
14:28There are many reasons why the United States has the largest and most dynamic and most innovative economy in the world.
14:35But one of the most important is the fact that our system of democratic capitalism incentivizes a culture that does not penalize people for taking risks.
14:45In fact, it incentivizes people to have a vision to go out and attract funding that's necessary to make their vision a reality.
14:53It is no mistake that many of the most important and innovative companies in the world today started in a parent's garage or on a college campus or in any one of a number of unlikely places in the United States.
15:02One of my worries is that our current and future generations of young people don't fully appreciate and aren't as educated as well as they can be on markets and capitalism.
15:15And while capitalism is not perfect, it helps fuel the American dream.
15:19This initiative gets at the core of binding those future generations to the benefits and the potential of America's great companies and markets.
15:28Early childhood investments have far-reaching benefits, and Goldman Sachs is proud to support this initiative.
15:35This is an exciting opportunity for public-private partnership and for both communities and companies to invest in young people the future of America.
15:45Once we see the Invest in America Act signed into law, Goldman Sachs would be excited to further support this Invest in America initiative.
15:52We believe passionately in our capital markets.
15:55They're an enormous competitive strength for the United States, and we know that our economy's future vitality is dependent on young people understanding the power of investing for the long term
16:05and sharing in the benefits of ideas that bring value to the lives of people around the world.
16:10Thank you, Mr. President, for helping drive this forward, and I look forward to continued partnership on this effort.
16:15Thank you very much, David.
16:17Dara, please.
16:19Good afternoon, everyone.
16:22Thank you, Mr. President, for hosting us here today.
16:25It's an incredible honor to be here in a place that symbolizes the very opportunity that has defined my life.
16:32Thank you, Brad.
16:33Thank you, Michael, for your vision.
16:36We all strive to build something that lasts, and the Invest in America Act is a legacy that is going to last for generations.
16:44President Trump, thank you for your leadership.
16:45Your support is going to turn this powerful idea into a powerful reality for millions of young Americans.
16:53And I was nine years old when I came to this country.
16:55My family arrived in America having fled the Iranian Revolution.
17:00We had lost everything that we had built.
17:05But we gained something far more valuable here.
17:08We gained a chance to rebuild again.
17:11We had a close-knit family.
17:12We had access to world-class education.
17:15And we had the one thing that fuels every American dream, and that's hope.
17:20So what if we could bottle up that hope?
17:22What if we could give that same power of hope, real, tangible hope, that comes from having a stake in your own future
17:29and a stake in the best companies in the world to every single child that's born in this country?
17:36That's the promise of the Invest America Act.
17:40It's not just an account.
17:41It's a launch pad.
17:43It puts the unstoppable engine of compounding to work for our kids, building a future for them from day one.
17:51This mission is personal to me, and it's core to us at Uber.
17:56Every day we see people using our platform to create opportunities for themselves, to save for a home,
18:02to pay for tuition, to build their own American dream one trip at a time.
18:09And that's why Uber is so proud to support this bill,
18:12which also includes benefits for millions of Uber drivers and couriers in the form of no tax on tips.
18:18Mr. President, our earners are grateful for your support.
18:22Thank you very much.
18:24What a great job.
18:25You know, when you think we're doing a lot of work on Iran right now,
18:30and I see that what you just said, you came here and they took it all away from you,
18:35and you started and you've become one of the biggest anywhere in the world.
18:38What a great story that is.
18:39Thank you very much, Mr. President.
18:40Congratulations.
18:41I wish you all the success there.
18:42Thank you very much.
18:43We'll need it.
18:44We're going to need it for that.
18:46They're tough negotiators.
18:46They're tough.
18:47They're great negotiators.
18:48Yes.
18:49Among the best.
18:50Look at you.
18:51Thank you very much.
18:52Appreciate it, dear.
18:53Jason, please.
18:55Thank you, Mr. President.
18:56I want to first start off by thanking you for your leadership, your vision,
19:03your commitment to workers and families throughout this country.
19:08The one big, beautiful bill would not have been possible without you.
19:13And it delivers the largest tax cut in U.S. history, the largest mandatory spending cuts in U.S. history,
19:23the most significant welfare reforms in U.S. history, and the largest one-time investment in border security.
19:31So it's things to be extremely proud about representing Southeast Missouri.
19:37I'm extremely proud about how you're delivering for working families.
19:41No tax on tips.
19:43A waitress like the waitress in Nevada that talked to you about no tax on tips and the other 4 million tipped employees in the country,
19:55they will see an extra $1,700 in their paycheck because of the no tax on tips.
20:01That's significant for someone who's just trying to put food on their table and clothes on their backs.
20:06The linemen working overtime to restore power will get an additional $1,750 into their paycheck.
20:15Seniors will get $72 billion in tax cuts.
20:21The Trump investment accounts will be a game changer for new parents.
20:27Even before their newborn baby can walk or talk, their child will have money saved to one day learn a trade,
20:37start a business, or to buy a home.
20:40Every child, every child, every child born under this policy will have a better shot at a future.
20:49It does not matter if they live on a city block or on a county road.
20:55This will make a significant difference to their lives, and it's because of your leadership, Mr. President, and we say thank you.
21:03Well, thank you very much, Jason, and hopefully we're going to get that through,
21:07and we have a certain date picked up, an ideal date.
21:10If it takes a little longer, that's okay, but ideally we're going to get by a certain date.
21:15And again, I think it's one of the most important pieces of legislation we've ever had before us
21:21and that the country's ever had.
21:23I'd like to ask, if I might, Brad Gerstner, one of the most successful people in our country,
21:29a friend of Michael very much, and Michael has great respect.
21:33And if you don't mind, Brad, I'd like to say a few words, please.
21:38Well, first, it's a great honor and privilege to be here.
21:42We wouldn't be here without your leadership.
21:44And for me personally, to be here with my son, Lincoln Gerstner,
21:50happens to be named after the gentleman over your right shoulder.
21:55Where is Lincoln?
21:57He's a good-looking guy.
21:58He's much better looking than you.
21:59You know, hey, we all want our kids to be better than ourselves.
22:05But it was around our small kitchen table that this idea was really born.
22:11I started off like Jason Smith in a small rural town in Indiana.
22:17My dad had lost everything in 1978 trying to start an auto parts company,
22:22and the Japanese were tearing apart our auto industry.
22:25We had double-digit interest rates and inflation.
22:29Our family mortgaged the house to keep the company going and ultimately lost everything.
22:34So I know a little something about starting with nothing.
22:37And I know what it felt like that first time you had a little skin in the game
22:41where you thought you had a shot.
22:44You went from nothing to something.
22:47And like Dara said, that is the great story of America,
22:51the promise that there's mobility,
22:53the promise we can move up that ladder.
22:56But today, you know, we've moved to a society of dependency, right?
23:02I saw somebody answer the White House's tweet on this today by saying,
23:07the answer to socialism is more capitalism.
23:11This is more capitalism.
23:13This is aligning every child in America with the upside of free markets and the benefits.
23:20And that is your Main Street agenda, Mr. President.
23:23No tax on tips.
23:25That doesn't help rich folks.
23:26That helps the people who feel left out and left behind.
23:30No tax on overtime.
23:31No tax or deduction on Social Security.
23:34And the Trump accounts, right, that everybody in this room are here,
23:38and we've been working so hard on,
23:40but would never come to fruition without your leadership.
23:43Those will change the game forever.
23:45However, it makes America an ownership society again because all of those kids will see the benefit of compounding.
23:53If you start with $1,000 and $750 is added a year by parents, grandparents, by churches,
24:01by the companies in this room who will all contribute to the accounts of the kids of their employees,
24:06by the great philanthropists in America,
24:08I think $750 is a low estimate per year.
24:12I think so.
24:12But if you start, if you do that, by age 18, Mr. President, these are worth $50,000.
24:19By age 30, they're worth $175,000.
24:23And if you do it every year of your life, at age 50, they're worth a million bucks.
24:28You are giving the shot for every American to feel like they're in the game again,
24:34part of America with that economic mobility, that dream that led Michael Dell to start Dell Computer in his dorm room,
24:41Dara to feel like he had a shot after coming here from Iran,
24:44and a couple poor kids from Missouri and Indiana to make it to where we are today.
24:48So thank you for your leadership.
24:51This would not happen without the reconciliation bill and the work of the many in this room,
24:55but spearheaded by the Speaker and Jason Smith, the big, beautiful bill.
25:00This is the vehicle to get the Invest America Act passed.
25:03So thank you, sir.
25:04Thank you very much, Brad.
25:05Great job.
25:06And nobody knew I was going to call you.
25:09He might have done the best job of the group.
25:11Got to think about that.
25:13My good recommendation, Michael.
25:15Does anybody have any questions?
25:17I think it's something that's really got to be talked about
25:20because it's somewhat of a miracle that we're close to pulling it off.
25:23Please.
25:24What's the latest estimate on when you think the big, beautiful bill will pass?
25:31We put Independence Day as a self-imposed deadline,
25:34and we certainly hope, I believe, we can still meet that.
25:37It's up to the Senate.
25:38The bill is in the Senate's hands now,
25:39but I spoke with Leader Thune as recently as last night.
25:42He's feeling very optimistic.
25:44You see the Senate going through the same deliberations we went through in the House,
25:47except we had 14 months to do it.
25:49They've got a truncated time period to get that done.
25:51But as you all know, I've encouraged my dear friends and colleagues over there,
25:55don't modify it too much because we've got a very delicate balance that we reached,
25:59and it took us a long time to get there, and we don't want to upset that balance too much.
26:04So they're putting their fingerprints on it.
26:05I think, I hope it'll be a light touch, and they'll send it back,
26:07and we'll get this thing done and get to the president's death.
26:09And really, we have tremendous spirit.
26:11I've never seen anything like it.
26:13There's just an unbelievable, we'll always have a couple of people.
26:17I don't want to use the word grandstanders.
26:19I'd never use such a word, but you'll always have that a little bit.
26:23But maybe you won't even have that.
26:25Who knows?
26:26There's tremendous spirit for this bill.
26:28I think, like, we haven't seen very much, Jason, right?
26:32We haven't seen too much.
26:33So I think it's going to go pretty quickly.
26:35Mr. President, how did your phone call go with Prime Minister Netanyahu?
26:39You just mentioned Iran.
26:40Did you discuss Iran?
26:41Very well.
26:41Did you discuss the Gaza war?
26:45Yeah, we discussed a lot of things, and it went very well, very smooth.
26:48We'll see what happens.
26:49You know, we're trying to do something with a country we just spoke about, Iran.
26:55I think you should negotiate this.
26:57You might be better.
26:58I think I'm going to send you today.
26:59What a good idea.
27:00This could have been the idea of the day.
27:02We'll have Derek get up and negotiate.
27:04They are good negotiators, but they're tough.
27:07Sometimes they can be too tough.
27:08That's the problem.
27:09So we're trying to make a deal so that there's no destruction and death.
27:16And we've told him that, and I've told him that, and I hope that's the way it works out.
27:20But it might not work out that way.
27:22We'll soon find out.
27:23Yeah, please.
27:24Mr. President, in 2020, when you were talking about unrest in American cities, you said,
27:28quote, we have to go by the laws.
27:30We can't call in the National Guard unless we're requested by a governor.
27:34What changed now?
27:35Why is this situation different to not consult with Governor Newsom about this?
27:39Well, the biggest change from that statement is we have an incompetent governor.
27:42So I talked about governors, but I didn't talk about it.
27:45He's an incompetent governor.
27:46Look at the job he's doing in California.
27:48He's destroying one of our great states.
27:50And if I didn't get involved, if we didn't bring the guard in, and we would bring more
27:55in if we needed it because we have to make sure there's going to be law and order.
27:59You had a disaster happening.
28:03And they now admit it was a disaster.
28:05I watched the chief yesterday.
28:06He was a good man, by the way.
28:07And he said, well, we're lucky we did this because they were overwhelmed.
28:13You saw what was happening.
28:15So we did the right thing.
28:16Everybody agrees to that.
28:18But you have a governor who let the city burn down, didn't want water to be sent down to
28:24him.
28:24I mean, I sent billions of gallons of water.
28:27I wanted to do it in the first term.
28:30He wouldn't do it over, I don't know, they have environmental reasons, but there were no
28:34environmental reasons.
28:35I think it's just a political philosophy.
28:38But it's lucky for the people in Los Angeles and in California that we did what we did.
28:45We got it just in time.
28:46It's still simmering a little bit, but not very much.
28:50And what crime has he committed that would warrant his arrest?
28:53What crime has Governor Newsom committed?
28:55A crime has he committed?
28:56Yeah, to warrant his arrest, as you suggested earlier.
28:58I think his primary crime is running for governor because he's done such a bad job.
29:03What he's done to that state is like what Biden did to this country.
29:08And that's pretty bad.
29:10It's the wrong philosophy.
29:14Thousands, hundreds of thousands of illegal immigrants, many of them prisoners, are taking
29:19up your health care.
29:20They're taking up your space in schools.
29:21They're taking up your hospital.
29:22And in many cases, they're criminals.
29:26And we have to do something about it.
29:29And we're doing something about it.
29:30I want to thank the incredible Patriots of ICE and Tom Holman, who has been incredible.
29:36And Kristi Noem, likewise incredible.
29:39The job they're doing, it's like an unforced error.
29:44There was no reason for this.
29:4521 million people were allowed into our country.
29:48And many of those people were criminals.
29:51And it's a shame.
29:52It's a shame.
29:53But we're getting them out.
29:55And I will say, I think it's a 95 to 5 issue, just like so many other issues, 95 to 5.
30:02And the Democrats lost an election in a landslide because they're on the wrong side of the issues.
30:08I mean, it's not even conceivable that somebody would do the kind of things that he did.
30:14And then, you know, you talk about projects.
30:17They want to build a train going from San Francisco to L.A.
30:20And it's costing hundreds of billions of dollars more than they thought it was going to cost.
30:25It's not even believable.
30:26To Brad and to people sitting here, would you believe that a train, it was going to cost
30:31X dollars, and it might be 100 times X.
30:35Would have paid for this for about 50 million American children.
30:40You're right.
30:4050 million American children instead of a three-mile train track that never got built.
30:45We could have put Lincoln in charge.
30:47With no experience, he would have done a good job.
30:49I guarantee you that.
30:51All right, please, Peter.
30:52Mr. President, have you gotten an update from your negotiating?
30:55Thank you, President Trump.
30:56So it seems like Gavin Newsom likes the attention that he's getting right now from you.
31:01I do, yeah.
31:02It seems like he does.
31:04He, if you look at recent history, somebody who was running for president, you, who got
31:10arrested and had a mugshot, you could make the argument that politically that wound up
31:14helping you.
31:15Are you worried at all at this moment that talking about him getting arrested could be helpful
31:21to his political prospects?
31:23Because a lot of people think he wants to be sitting right where you are.
31:26Well, in my case, it was a witch hunt, and everybody knew it.
31:29And I was able to explain that during the process.
31:31Otherwise, I wouldn't be sitting here right now.
31:33And it was a total witch hunt.
31:35It's proven to be a witch hunt, and you see what's happened.
31:37In his case, it really is very obvious.
31:40You look at what's happened between the fires, between, I could name 10 things right now.
31:46We talk about the trains, we talk about all of the costs in California, you talk about
31:52all of the people that are flowing and destroying life for everyone else.
31:56So, no, I don't think it's going to help him.
31:58I think it's actually very bad for him.
32:00And right around the time that we were walking in here, the governor and the state attorney
32:05general said that they're going to sue you for sending the National Guard, and they're
32:09saying there's no invasion, there's no rebellion.
32:11The president is trying to manufacture chaos and crisis on the ground for his own political
32:17ends.
32:17Federalizing the California National Guard is an abuse of the president's authority
32:21under law.
32:23Well, you know, it's interesting.
32:25You watch the same clips as I did.
32:27Cars burning all over the place, people rioting.
32:29And by the way, we stopped it.
32:31We were able to make it much better.
32:33But it still looked pretty bad.
32:35And in watching clips last night, people were saying, this is really a big problem.
32:40And until we went in, if we didn't do the job, that place would be burning down, just
32:44like the houses burned down.
32:46They were in big trouble last night, Peter.
32:47You know it.
32:48And the night before, and the night before that.
32:51And I feel we had no choice.
32:53I don't want to see happen what happened so many times in this country.
32:58I watched Minneapolis burn.
33:01I watched, look at what happened in so many different parts of California.
33:05You take a look at what happened in San Diego.
33:07There's so many different places where we let it burn.
33:12We want it to be politically correct.
33:13We want it to be nice.
33:15We want it to be nice to the criminal.
33:17And what you're doing is destroying the fabric of our life in this country.
33:20No, we did the right thing.
33:22We've been given credit by people that I would least suspect.
33:26I would say that some of the people that came in and said, thank goodness, they said, some
33:32of them, thank God that Trump got involved.
33:35And I'm very happy I got involved.
33:37And I think Gavin, in his own way, is probably happy I got involved.
33:41Yeah, go ahead, Peter.
33:42What do you make of the fact that he says, you want a civil war on the streets of America?
33:49No, that's just the opposite.
33:50I don't want a civil war.
33:52A civil war would happen if you left it, if you left it to people like him.
33:56And I liked him.
33:57You know, I always got along with him.
33:58Never had a problem with him.
34:00But he's grossly incompetent.
34:02Have you gotten an update from your team in London negotiating the China trade talks?
34:15We are doing well with China.
34:20China's not easy.
34:21Just like your home country is not easy, Dara.
34:28I think we're doing very well.
34:30They're over there now.
34:30I'm only getting good reports.
34:32It's a little early, but they'll be calling in soon.
34:34In fact, probably when I get back, I'll have my first call from them.
34:37We want to open up China.
34:40And if we don't open up China, maybe we won't do anything.
34:43But we want to open up China.
34:45It'll be a great thing for China, a great thing for the rest of the world.
34:47Are you willing to lift export controls when it comes to China?
34:51Did you give your negotiators any sort of limitations?
34:54We're going to see.
34:54Look, China has been ripping off the United States for many years.
35:00Nobody charged them.
35:02Ten cents.
35:02No president had the courage to charge China for whatever reason.
35:05They didn't want to do it.
35:06I took in hundreds of billions of dollars.
35:10I put on tariffs on China when I got in first term.
35:13And we took in hundreds of billions of dollars.
35:16And then I did it again.
35:18But I did it for a lot of others.
35:20If you look at the stats, the deficit last month was cut in half.
35:24Everybody was shocked.
35:25I wasn't shocked.
35:27I think a lot of the people at this table weren't because they saw the billions of dollars that were pouring in.
35:32And the tariffs hadn't even started yet, just about.
35:34They weren't cars.
35:35They were in some countries at a very minor level.
35:38And we cut the deficit in half.
35:42And it was a big story a couple of days ago.
35:44They said, I don't believe one of the announcers on a business network went wild.
35:49Said, I can't believe these numbers.
35:51Those numbers are good.
35:52The numbers are going to be very good.
35:53I think we're going to have a great four years.
35:55You know, we had the greatest economy in history during my four years.
35:58I think this one's going to blow it away.
36:01Yeah.
36:02Mr. President, do you have a message for Greta Thunberg?
36:06And did she come up on your call with the prime minister today?
36:08Well, she's a strange person.
36:10She's a young, angry person.
36:11I don't know if it's real anger.
36:12It's hard to believe, actually.
36:13But I saw what happened.
36:17She's certainly different.
36:19Anger management.
36:20I think she has to go to an anger management class.
36:24That's my primary recommendation.
36:26Was she kidnapped by Israel?
36:28As she says, was she kidnapped?
36:30I find it.
36:31I find it.
36:31I think Israel has enough problems without kidnapping Greta Thunberg.
36:36And secondly, are you going to get...
36:38Is that what she said?
36:38She was kidnapped by Israel?
36:39She did say that.
36:40Yes, sir.
36:40Are you going to get rid of the Tesla and the Starlink service that you have here at the White House?
36:45No, I haven't heard that.
36:47I mean, I may move the Tesla around a little bit, but I don't think we'll be doing that with Starlink.
36:52It's a good service.
36:53Where are you going to move it to?
36:55Move it around.
36:55What do you mean?
36:56I have a lot of locations.
36:57Actually, about the Tesla...
36:59I had so many locations, I don't know what to do with them all.
37:03About the Tesla, did you ever see Elon Musk get physical with the Treasury Secretary?
37:09No, I didn't.
37:10And I tried to have...
37:12They did have an argument, but I didn't see a lot of physicality there.
37:18And there was this New York Times report that he did not want to talk about, Elon Musk, that alleged that he, towards the end of his time in the White House, was blurring the lines between recreational use of drugs and medicinal.
37:31Do you think he ever had drugs here at the White House?
37:34I really don't know.
37:35I don't think so.
37:36I hope not.
37:37Look, I wish him well.
37:38You understand.
37:39We had a good relationship.
37:40And I just wish him well.
37:42Very well, actually.
37:43Yeah.
37:44About the Gaza, about aid in Gaza, you mentioned now the flotilla.
37:48Do you have a response at all about Israel intercepting this boat?
37:51And can you give us an update on what's happening to the entry of aid into Gaza right now?
37:57We've had people being shot by Israeli forces who are trying to get aid from the Gaza Humanitarian Foundation.
38:03Gaza right now is in the midst of a massive negotiation between us and Hamas and Israel and Iran, actually, is involved.
38:13And we'll see what's going to happen with Gaza.
38:15We want to get the hostages back.
38:17That's all I can tell you.
38:18Yeah, please, in the back.
38:19I can go back to California briefly.
38:21You had said yesterday when asked by reporters that it was not an insurrection taking place, but then on True Social a bit later, you had said they were insurrectionists.
38:28After what you've seen now—
38:29You're talking about in L.A.?
38:29Yes, sir, in L.A.
38:30I wouldn't call it quite an insurrection, but it could have led to an insurrection.
38:34I mean, that was a serious—that was a lot of—that was a lot of harm that was going on last night.
38:39I watched it very closely.
38:42And it was amazing that the job that the National Guard did—and, by the way, the police were working very hard also.
38:49But, you know, the police are giving instructions to be politically correct.
38:54I said, no, no, you don't have to be politically correct.
38:56You have to do the job.
38:57And on L.A.
38:58Do you plan to speak to him on the phone anytime soon?
39:00Which one?
39:01On Elon Musk, do you plan to speak to him on the phone anytime soon?
39:04I haven't really thought about it, actually.
39:09I would imagine he wants to speak to me.
39:11I would think so.
39:13If I were him, I'd want to speak to me.
39:15But—and maybe he was already called.
39:17You'd have to ask him—ask him whether or not he's already called.
39:20But I'd have no problem with it.
39:21If he called you, they'd have to speak to him on the phone.
39:23Well, I don't want to say that.
39:25But, you know, but I would imagine he'd want to talk to me.
39:28You were supposed to get a—you were supposed to get a counter—
39:31Yeah, please.
39:32You were supposed to get a counterproposal from Iran today.
39:34Have you gotten that proposal?
39:35And what is the main impediment?
39:36We have a meeting on Thursday.
39:37We have a meeting with Iran on Thursday.
39:39So we're going to wait till Thursday for that proposal.
39:41And what's the main impediment to getting a deal?
39:44Well, they're just asking for things that you can't do.
39:48They don't want to give up what they have to give up.
39:51You know what that is.
39:52They seek enrichment.
39:54We can't have enrichment.
39:57We want just the opposite.
39:59And so far, they're not there.
40:03I hate to say that because the alternative is a very, very dire one.
40:09But they're not there.
40:10They have given us their thoughts on the deal.
40:14And I said, you know, it's just not acceptable.
40:17So this is the main topic for Prime Minister Netanyahu today when you spoke?
40:20I would say, yeah.
40:21I don't know what else.
40:22I can talk about the weather.
40:24Well, you can talk about Lebanon also, sir.
40:26The Lebanon.
40:27Pretty much, that's the main topic.
40:28Lebanon is a ceasefire in Lebanon.
40:29Are you talking about Lebanon also?
40:30Yes.
40:31What about Lebanon, sir?
40:32Well, Lebanon's working very hard.
40:34They have a great new ambassador that I put there.
40:38Man, I know very well.
40:39He's very smart.
40:40I didn't even know he was Lebanese.
40:41And I said, why would you want Lebanon?
40:44He said, I was born there.
40:45I love it.
40:46I love the people.
40:47I said, you know, it's very dangerous going to Lebanon.
40:50There are some ambassadorships that are wonderful.
40:52There are some that are dangerous.
40:53I said, Michel, his name is.
40:57It's a he.
40:58Michel.
40:59Very elegant man.
41:00And I said, why would you want this?
41:02And he said, because I love my country and I love those people.
41:05I said, it's very dangerous.
41:06He goes, I don't care.
41:08This is not a man that lived on danger.
41:10He's a very successful man from here.
41:12And he wanted to be the ambassador, despite probably a very dangerous situation he's going
41:18into.
41:19You see what's going on.
41:20But I had great respect for that.
41:23He loves that country.
41:24He loves it.
41:25He was born there.
41:26He loves the country.
41:27Yeah.
41:28Mr. President, you've got a big, beautiful parade coming up on Saturday.
41:31We do.
41:32What's your biggest expectations for that?
41:35Then I've got a second question in regards to Gavin Newsom.
41:38Go ahead and talk about the big, beautiful parade.
41:40So it's such a – thank you, Brian.
41:42It's such a, I think, important moment for this country.
41:48You know, two weeks ago I was calling people and back and forth with leaders, including President
41:54Putin, including French President, including lots of different people.
42:00And all of them said, we're celebrating victory in World War II.
42:05And I said, wow, isn't that amazing?
42:08We're the only one that wasn't celebrating, and we're the one that won the war.
42:12Now, Russia did help.
42:13They did lose 51 million people, in all fairness.
42:16People would say, oh, he's sticking up for Russia.
42:19No, they lost 51 million people.
42:22And, you know, can't forget that.
42:25But France was celebrating.
42:28And, as you know, Hitler made a speech at the Eiffel Tower.
42:33But when I spoke to President Macron, he said, oh, we are celebrating the great victory of World War II.
42:38And I think that's great that he was doing it.
42:40But we're the one that won it, and we weren't celebrating.
42:43I said to myself, you know, isn't that crazy?
42:46And I think it's time for us to celebrate a little bit, you know?
42:49We've had a lot of victories.
42:50We won two world wars, and then we go out and change the name of the forts where we won the wars.
42:56You go out, we win world wars from Fort Robert E. Lee, from Fort Bragg, from all the different forts.
43:02And what do we do?
43:03We change the name of the forts because we want to be politically correct.
43:07So a lot of them were changing back, you probably noticed, Fort Bragg and others.
43:12But I think it's a time to celebrate our military.
43:16You know, we've rebuilt our military largely, little low on ammunition.
43:21That's because it goes out very fast to other countries, one in particular.
43:26But we'll get that back very quickly.
43:28But we have a military the likes of which nobody has.
43:32Nobody comes close.
43:33We have the best equipment in the world.
43:34We make the best equipment in the world.
43:37There's no military like our military.
43:39We showed that with ISIS.
43:40I was told by the television generals it would take four years to win.
43:44And we did it in three weeks.
43:46And it was headed by General Raisin Cain, who's now the chairman of the Joint Chiefs of Staff.
43:51He's great.
43:52Just left him.
43:54No.
43:55I think it's time that we celebrate.
43:57And I sort of have to laugh at these people.
43:59Well, you know, you're going to spend a lot of money.
44:02A lot of that money is being paid for by me and people that make donations.
44:06I don't know if you know that.
44:07A lot of it won't even come out of the military.
44:09I think I can say that, Susie, right?
44:11We have people putting up money to do it.
44:13Not that it's necessary, because I think it's a great expenditure.
44:17We have many tanks.
44:18We have all sorts of new ones and very old ones.
44:21Old from World War I and World War II.
44:24It's really a celebration of the Army.
44:27So the Army is a year older than the country.
44:31So next year we celebrate 250 years, but we're celebrating the Army on Flag Day.
44:36And it's not my birthday.
44:37It is my birthday, but I'm not celebrating my birthday.
44:39I'm celebrating Flag Day.
44:41It happens to be the same day, so I take a little heat.
44:43But Flag Day is the appropriate date.
44:46And we're celebrating 250 years of the Army, a great service.
44:51And remember, you know, think of it.
44:54We won so much.
44:55We won World War I, World War II, so much else.
44:59And then we became politically correct.
45:02But I can only tell you that I was told that ISIS would take anywhere from four to five years.
45:09And we did it in three weeks.
45:11You were there.
45:12You watched, right?
45:13We have the greatest military in the world.
45:15Nobody can beat us.
45:16As long as we have our right leadership, nobody can beat us.
45:19If we have stupid people running it like you had in Afghanistan, when you look at that,
45:24first of all, Afghanistan should have been an easy victory as a war.
45:27But we were so sad the way we fought it, so ridiculous.
45:32We fight not to win.
45:34But we didn't used to be that way.
45:36And we're celebrating because I think the day in Afghanistan was the saddest period of time in the history of our country.
45:44That was run by — that was a Biden mess with bad generals like Milley and others.
45:50They were bad.
45:51They were incompetent generals.
45:52I know all the good ones and the bad ones.
45:54We got rid of most of the bad ones.
45:56But it was time to celebrate, and that's what we're doing.
45:59So it's on June 14th.
46:01And it's going to be a parade, the likes of which — I don't know if we've ever had a parade like that.
46:06It's going to be incredible.
46:08We have — even though it's the Army, we have a lot of those Army airplanes flying over the top.
46:13And we have tanks all over the place.
46:15And we have thousands and thousands of soldiers going to bravely march down the streets.
46:22It's going to be a beautiful day, I think.
46:24And we're going to celebrate our country.
46:25You spoke of — you spoke of leadership.
46:27And real quickly, speaking of Gavin Newsom, is he the right leader for California, considering how massive their economy is and all these U.S. investments coming in?
46:37Is he the right governor and leader for the future of California and for U.S. investments?
46:43I don't think he is.
46:44I mean, I think he's done a terrible job.
46:46And, you know, he's a guy — I always got along with him.
46:48You look at his past statements about me.
46:50I was a great president.
46:51I always took care of California, you know, all that.
46:54But I'm just talking on results.
46:57You look, you know, he has the advantage of beautiful weather, maybe the best weather of any state when you think about it.
47:03Beautiful weather, beautiful ocean, beautiful everything.
47:06You have all the advantages.
47:08And he didn't take advantage of that.
47:10And he's let people come in by the millions who are overrunning your hospitals, your education system, and your police.
47:20Your police are being overrun.
47:21Look at what's happened.
47:23He should only be happy I sent in the military, because if I didn't send him in, you would have had a problem there, the likes of which we haven't seen in a long time.
47:32Yeah, please.
47:33Thank you, Brian, very much.
47:34On supersonic flight — on supersonic flight —
47:37Yes, sir.
47:38I know you just signed an executive order on it.
47:41Do you want to see a supersonic Air Force One in the next 10 years or so?
47:44Well, I don't care too much about that.
47:47But I would like to see — you know, if you think about it, flight — the word flight's an interesting word.
47:52But it's probably the only category where we've actually gone backwards.
47:57Because we used to have the Concorde, and we could fly to London, Brad, very quickly and nicely.
48:04And today it takes you two times and three times as long.
48:08It's the only thing where we've regressed.
48:10By the way, the Concorde did my way of thinking.
48:13To this day, Michael, because you're very much into aesthetics, I know.
48:17But to this day, it was one of the most beautiful pieces of art I've ever seen.
48:22It was a piece of art, the beauty of the Concorde.
48:24It was the most beautiful plane.
48:25But it was — it was — you know, it got you there in half the time.
48:29Now you spend a lot of time, and there's no reason for it.
48:35Because, you know, they have the sonic boom.
48:36It's not a huge problem, but they have the sonic boom thing pretty well figured out.
48:41The technology changes, the change in the skin, the change in weight, all of the other things.
48:48There's no reason why we shouldn't do great.
48:50So we are making it possible for them to do supersonic and get us back on the track.
48:55I mean, we've — think of it.
48:57Thirty years ago, we actually had planes that flew much faster than we do now.
49:01It took you half the time to get to a location.
49:04So we've regressed, and we're going to progress.
49:08Okay?
49:09Mr. President? Are you — Mr. President?
49:11Sort of an amazing — amazing thing, isn't it, though?
49:14We've gone backwards.
49:15On Wall Street, they haven't done that.
49:17If Goldman Sachs was like that, he wouldn't have Goldman Sachs anymore.
49:20Mr. President, are you planning to deploy Marines in —
49:23Yeah, please.
49:24Are you planning to deploy Marines in California to address the situation in Los Angeles?
49:27Are you going to deploy Marines in California?
49:30We'll see what happens.
49:31I mean, I think we have it very well under control.
49:34I think it would have been a very bad situation.
49:37It was heading in the wrong direction.
49:39It's now heading in the right direction.
49:41And we hope to have the support of Gavin,
49:43because Gavin's the big beneficiary as we straighten out his problems.
49:47I mean, his state is a mess.
49:49And I'd like to get somebody involved in the rail, because —
49:52Look, personally, it should have never been built,
49:54because you can fly there for $2, and what are you doing?
49:57They're doing that.
49:58You could drive.
49:59You could do lots of different things.
50:00You know, if — they did a study.
50:03If you gave every passenger the finest limousine service in the history of our world,
50:09the most expensive chauffeur-driven, white-glove limousine service back and forth,
50:15we would have saved billions of dollars,
50:17as opposed to building this monstrosity that's going up.
50:20And I've never seen anything — you know, I've seen cost overruns.
50:23I'm a person — I've always done well on cost overruns.
50:26I don't have them.
50:27But I will tell you, I have never seen cost overruns.
50:30You see them where they're 20 percent more, 50 percent — 100 percent more.
50:34These are thousands of percent.
50:36Nobody even knows.
50:37They have no idea.
50:38And it was supposed to be from San Francisco to Los Angeles.
50:42Well, they just made it way outside of Los Angeles, way —
50:46It's stopping in the middle of — I don't want to say nowhere,
50:49because I happen to like one of those little cities very much.
50:52But it's way short of the destination.
50:55And our government is saying, you know, why are we involved in this thing?
50:59It's been handled so badly before him, but he really blew it.
51:03So, you know — all right, one more question.
51:05Can you speak to any of the discussions that were had there and the purpose of that retreat,
51:10your time at Camp David?
51:11What?
51:12Your time at Camp David, can you speak to what discussions were had there
51:15and the purpose of that retreat?
51:17Well, I don't want to speak to discussions.
51:19I mean, I told you what we were there for a little bit.
51:22We had discussions on many topics.
51:24We had a group of people, a large group of people, including generals and admirals and lots of others.
51:31And all I can say is our country is in great shape.
51:34We're in great shape economically.
51:36The bill that Mike and Jason and all the people are working on is going to be, I think, amazing.
51:43I think it's going to be one of the most important pieces of legislation we've ever had in this country.
51:48It's going to do things that you couldn't believe.
51:50We're going to — you know, I have a very simple phrase.
51:53We ran an election on very simple words.
51:56Make America great again.
51:58That's what we're doing.
51:59We're making it great.
52:00We're making it safe.
52:01We're making it beautiful.
52:02And we're making it very wealthy again.
52:04You know, wealth is okay.
52:06You need wealth to take care of lots of other people.
52:10We have to make our country better.
52:12It has to heal from four years of abuse.
52:15Our country was abused badly by a very incompetent person and a group of people that weren't incompetent, but they were radical left lunatics.
52:25And they ran the country with an auto pen.
52:29And I hope that law enforcement is looking at that very seriously.
52:34That's like a takeover of our country in a certain way, because this guy had no idea what he was doing.
52:39You saw that during the debate.
52:40You saw that in other cases.
52:42I mean, he had no idea.
52:43I saw it years ago.
52:44By the way, 40 years ago he had no — he was — he was bad 40 years ago.
52:49We're not just talking about — and they always like to say age, but it's not age.
52:53I know people — 88, 89, 92.
52:56Bernie Marcus, who just passed away, was 95.
52:59I spoke to him a year before.
53:00He was 100 percent.
53:02It's not age.
53:03It's something else.
53:04But whatever it is, you can't have that in this country.
53:06The damage he's done to this country is unbelievable.
53:09But the good news is we've got much of it fixed already, and the rest of it will happen.
53:16Thank you all very much.
53:18Thanks, guys.
53:19Let's go back out.