In a dramatic press moment, Trump defended sending 700 Marines and thousands of National Guardsmen into Los Angeles without Governor Gavin Newsom’s approval. Calling Newsom “grossly incompetent,” Trump claimed he “saved California” from total collapse. The action has sparked a fierce constitutional clash, with California officials threatening to sue for federal overreach and abuse of power. The move comes amid ongoing protests and unrest in the state, further deepening political tensions. Trump’s fiery response to a reporter's question escalated the controversy, fueling headlines across the nation.
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NewsTranscript
00:00Ladies and gentlemen, the President of the United States.
00:30We've had some exciting days in the last week, I would say.
00:58Mostly good.
01:00Some of the things you're reading about in Los Angeles, thank goodness we sent out some
01:05wonderful National Guard.
01:07They've really helped and a lot of problems they were having out there.
01:13They were afraid to do anything and we sent out the troops and they've done a fantastic
01:18job.
01:19So I want to thank them very much.
01:20I also want to thank you for being here as we discuss one of the most exciting parts of
01:26The one big, beautiful bill, it is indeed a big, beautiful bill and it's doing very well.
01:33The Trump accounts, as they call it, pilot program, which will make it possible for countless
01:38American children to have a strong start in life at no cost to the American taxpayer.
01:45Absolutely no cost.
01:46It's going to have a huge impact.
01:48I want to thank House Speaker Mike Johnson for, number one, being a great speaker.
01:53And number two, perhaps slightly less important, for being here today.
01:58Thank you, Mike.
02:00Along with Chairman Jason Smith, who's fantastic, and Representatives French Hill, August Pflueger,
02:06Blake Moore, Rob Bresnahan, and Frank Lucas.
02:11Thank you all, fellas.
02:12Thank you very much.
02:13We appreciate it very much.
02:16Thanks as well to many top business leaders from Invest America, CEO, Council.
02:21It's been a wonderful Council.
02:23They've come up with some fantastic ideas.
02:25We're putting them into use.
02:27They're really the greatest business minds we have today.
02:30These men and women lead large, successful companies, and they're committed to contributing
02:35millions of dollars to the Trump account.
02:38And it's really, it's going to be something incredible for children and for their employees,
02:45in many cases.
02:46Here is how the accounts work.
02:48For every U.S. citizen born after December 31st, 2024, before January 1st, 2029, the federal
02:57government will make a one-time contribution of $1,000 into a tax-deferred account that will
03:04track the overall stock market.
03:06In other words, it'll be pegged to an index that we'll pick.
03:10Right, Michael?
03:11We'll pick it.
03:12We'll pick a good one.
03:13Maybe you should be the index.
03:14I'd like to have that.
03:16These kids would be very wealthy if that were the case.
03:18That would be a good idea.
03:19I think we might do that, Michael Dell.
03:22These accounts will be private property controlled by the Giles Guardians.
03:27And in many cases, those guardians will be the parents.
03:29We think probably the parents will be the guardians.
03:32They'll be open for additional private contributions each year from family, friends, parents, employers,
03:38churches, private foundations, and more.
03:40This is a pro-family initiative that will help millions of Americans harness the strength
03:45of our economy to lift up the next generation.
03:48And they'll really be getting a big jump on life, especially if we get a little bit lucky
03:53with some of the numbers and the economies into the future.
03:58In addition to the substantial financial benefits of investing early in life, extensive research
04:03shows that children with savings accounts are more likely to graduate high school and college,
04:09buy a home, start a business, and are less likely to be incarcerated.
04:15Develop accounts will contribute to the lifelong success of millions of newborn babies.
04:21They'll are fully — and this will be very interesting, I think, for everybody to hear — they
04:25are fully funded through targeted reforms in the One Big Beautiful bill, like the $1.7 trillion
04:32in mandatory savings welfare reforms to stop waste and fraud, a 3.5 percent remittance tax,
04:40and more.
04:41And it's just a part of that.
04:43The One Big Beautiful bill is among the most important pieces of legislation in our country's
04:48history.
04:49I don't think there's ever been anything bigger.
04:51And I know — I think it's going to go down as one of — certainly one of the most important
04:55things we'll ever have done.
04:58In addition to the largest tax cuts in the history of our country, including the most powerful
05:05border security measures ever.
05:07It delivers major economic relief to the American workers, families.
05:12And there are so many things — rebuilding our military.
05:15We built it — just eight years ago we started and did a great job, but now we have to rebuild
05:21it again.
05:22Plus, technology changed.
05:23All of a sudden, it's about drone — you know, we have a new form of warfare.
05:27It's drone warfare.
05:29So a lot of things changed.
05:31We did a great job with the military, but now we're going to have to do some little tweaks,
05:35to put it mildly.
05:37And we'll be doing that, and we have it all nicely funded.
05:41And I look forward to signing this into law — it's really something that we're having
05:47such an opportunity.
05:48And I have to say, he's here with us.
05:50He's a person that I've admired for a long time.
05:54You take a look at what he's done and followed his record.
05:58And it's Dell Chairman Michael Dell.
06:00He's done such an incredible job.
06:03It's — as a business person, I study businesspeople, and that's a perfect one to study.
06:08It should be almost mandatory reading.
06:11So I want to congratulate you on that, and thank you for the idea, because you're the
06:15first one that really brought this to my attention.
06:18I know that you and your friends have been talking about it for a long time, but other
06:21presidents didn't get it done, Michael, right?
06:24So we got it done.
06:25Congratulations.
06:26Thank you very much.
06:28Sure.
06:29I want to also give some recognition to my friend, Brad Gerstner, who helped get us
06:34all organized.
06:35That's right.
06:36And actually —
06:37Thank you very much.
06:38Good.
06:39And also, we have with us a very powerful man in the world of business, CEO David Solomon
06:46of Goldman Sachs.
06:47David, thank you very much.
06:48Thank you for having me here.
06:49Thank you for having me here.
06:52Thank you very much.
06:53Uber CEO, Dara Kazrasa.
06:55Where is Kazrasa?
06:56Right here.
06:57Where?
06:58Thank you very much.
07:00That's a hell of a name.
07:03But you've done a hell of a job.
07:04So that's — that's appropriate.
07:07And also, again, Chairman Smith for doing such a new job.
07:10Nobody knows taxes better than Chairman Smith.
07:13When we have a problem, Mike, we go to see Chairman Smith.
07:15Right?
07:16So I want to thank you very much, Dara and Chairman Smith.
07:20I appreciate it.
07:21So I'd like to begin by asking Speaker Johnson to say a few words.
07:26And I think — then we're going to go to Michael Dell, David Solomon.
07:31We're going to go to Dara and then to Chairman Smith.
07:34Thank you very much.
07:35Mr. President, thank you so much for your bold, visionary leadership.
07:39It is the key to all of this great success that we are achieving.
07:42And the one big, beautiful bill — it is not an overstatement to say it will be one of
07:45the most consequential pieces of legislation in the history of Congress.
07:48There's a lot in here.
07:50And by extension — or I would say it is an extension — of the figure who I believe
07:55will be the most consequential president of the modern era, if not all, of American history.
07:59And that's the gentleman sitting to my left.
08:00So I want to thank you for that.
08:01Thank you very much.
08:02That's a beautiful statement.
08:04I like him, too.
08:08It's a statement of objective fact.
08:11And every working American understands, I think, the principle behind this concept that
08:16we're discussing today.
08:18If you have a 401 , you understand the power of investing early for the future.
08:23Trump accounts take that same principle, and they apply it from the very beginning of
08:28Americans' lives.
08:30It's a pretty simple concept.
08:31The families that opt-in will receive a one-time payment of $1,000 to a Trump account that parents
08:36can contribute to.
08:38It's a bold, transformative policy that gives every eligible American child a financial
08:43head start from day one.
08:46Republicans are proud to be the party.
08:48We always have been.
08:49It supports life and families and prosperity and opportunity.
08:53And Trump accounts are all about setting up the next generation for success.
08:57For future Americans, this early investment could really be the game-changer.
09:02It could be a difference.
09:03It could pave the way for paying their way through college or buying their first home or starting
09:08a business even when they're young.
09:11So even $1,000 at birth will put these Americans in a better position than over half of American
09:19adults who sadly have no retirement savings at all.
09:22So this would be a remedy to that great problem.
09:25And it will encourage the free market.
09:27It will encourage investment and understanding of capitalism.
09:32All these things that we want to foster among the American people so that the economy and
09:37individual lives can flourish.
09:38Of course, none of this happens unless we pass our one big, beautiful bill through Congress.
09:43And we have at stake the largest tax increase in American history if we fail to deliver.
09:48And we will not have this rocket fuel to the U.S. economy.
09:51And that's why this is so very important.
09:53Passing this pro-growth legislation will help every single American.
09:56From Trump accounts, this is one of the components of it, to eliminating taxes on tips and overtime,
10:01to reducing red tape on Main Street.
10:05And the one big, beautiful bill is going to drive prosperity.
10:07It's going to create jobs across the country.
10:08It will make all boats rise.
10:10Wages will go up.
10:11Job participation levels will go up.
10:13We'll have more opportunity, more economic opportunity for more people, so you can climb
10:18up that ladder to the next step.
10:21The typical family with two children is going to see their take-home pay increase by up to
10:24$13,300 a year.
10:27That's real money to real people.
10:29This legislation is geared for hardworking Americans, and it is going to help everybody.
10:34And we are excited to deliver it.
10:35It can't happen soon enough.
10:37We are very close now to that finish line.
10:39After about 14 months' worth of work that's gone into this, we're excited.
10:43We're almost there.
10:44Mr. President, thanks again for your leadership, to all the great leaders around this table,
10:47for all that they invest to our economy and our country and its government.
10:51And I will, as we say in the House, I'll yield back.
10:54Thank you very much, Mike.
10:55I appreciate it.
10:56And again, for a great job.
10:58Thank you very much.
10:59Michael.
11:00Please.
11:01Thank you so much, Mr. President.
11:02I believe this is an incredible moment for all of us here today.
11:05And it's wonderful to be with some of the leaders of the most successful companies
11:09in the world as we come together to invest in the future of our country.
11:14We see the Invest America Act and the establishment of these Trump accounts as a simple yet powerful
11:20way to transform lives.
11:23Decades of research have shown that giving children a financial head start profoundly impacts
11:28their long-term success.
11:30With these accounts, children will be much more likely to graduate from college, to start
11:34a business, to buy a home, and achieve lifelong financial stability.
11:39Dell Technologies is proud to be one of the very first companies to support the Invest America
11:43Act, a bill that provides every child with a $1,000 seed investment account at birth.
11:49This is a straightforward step with enduring benefits.
11:52Following your inspiring lead, Mr. President, Dell Technologies will match the government's contributions
11:58dollar for dollar for every child born to a Dell team member.
12:04This isn't just a new benefit.
12:05This is an investment in our people, their families, our communities, and America's future.
12:11And it embodies our core belief that opportunity should begin at birth.
12:15My wife Susan and I, also through our family foundation, have been closely studying the Invest America
12:20Act.
12:21And assuming that it becomes law, we expect to make a very significant gift.
12:26We view this as, we view this initiative as a powerful platform for philanthropic innovation
12:32aimed at helping children thrive wherever they come from, particularly those families who
12:38have been historically left behind.
12:40Mr. President, you articulated it perfectly.
12:43These Invest America accounts will give every new American child a genuine opportunity to
12:48participate in history's greatest engine of economic growth, the American economy.
12:54These funds in these accounts, invested in American enterprise and innovation, will grow over
13:00time into substantial nest eggs, providing support for education, home ownership, and
13:06starting families.
13:08The ability of families, friends, benefactors, and employers to match the government's generosity
13:14amplifies the life-changing potential of this initiative.
13:18Thank you, Mr. President, for your visionary leadership on this critical issue.
13:22These Invest America accounts will profoundly impact countless young Americans, ensuring
13:27they truly benefit from what Abraham Lincoln described as a right of every American, the right
13:33to rise.
13:36Thank you very much, Michael.
13:37We really have come a long way since you came to see me about six months ago with your
13:41beautiful wife.
13:42We had a nice talk.
13:43I said, that sounds pretty good.
13:45Let's think about that.
13:47And everybody I've spoken to about it, they can't even believe it.
13:51And because of great politicians and political leaders like we have, I think this is going
13:57to go quickly, very well and very quickly.
14:01So I appreciate it.
14:02Thank you very much.
14:04David Solomon, please.
14:06Thank you, Mr. President.
14:10I'm thrilled to be here with everyone and excited to participate in this important and timely
14:15discussion.
14:16I'd also like to acknowledge the efforts of so many in Congress on this very significant
14:20issue.
14:21And in particular, the members here, and particularly the leadership of Senator Cruz and Representative
14:26Moore, who have played a big role in helping drive this forward.
14:30We also wouldn't be here today without the leadership of Brad Gerstner and Michael Dell and really
14:36having the vision, the energy, the passion, the commitment to help move this forward.
14:40So thank you both.
14:42There are many reasons why the United States has the largest and most dynamic and most innovative
14:46economy in the world.
14:48But one of the most important is the fact that our system of democratic capitalism incentivizes
14:54a culture that does not penalize people for taking risks.
14:58In fact, it incentivizes people to have a vision to go out and attract funding that's necessary
15:03to make their vision a reality.
15:06It is no mistake that many of the most important and innovative companies in the world today
15:09started in a parent's garage or on a college campus or in any one of a number of unlikely
15:13places in the United States.
15:16One of my worries is that our current system, our current, one of my worries is that our current
15:20and future generations of young people don't fully appreciate and aren't as educated
15:24as well as they can be on markets and capitalism, and while capitalism is not perfect, it helps
15:30fuel the American dream.
15:32This initiative gets at the core of binding those future generations to the benefits and
15:38the potential of America's great companies and markets.
15:42Early childhood investments have far-reaching benefits, and Goldman Sachs is proud to support
15:46this initiative.
15:48This is an exciting opportunity for public-private partnership and for both communities and companies
15:53to invest in young people, the future of America.
15:57Once we see the Invest in America Act signed into law, Goldman Sachs would be excited to further
16:02support this Invest in America initiative.
16:05We believe passionately in our capital markets, they're an enormous competitive strength for the
16:10United States, and we know that our economy's future vitality is dependent on young people
16:15understanding the power of investing for the long term and sharing in the benefits of ideas
16:20that bring value to the lives of people around the world.
16:23Thank you, Mr. President, for helping drive this forward, and I look forward to continued
16:26partnership on this effort.
16:27Thank you very much, David.
16:29Dara, please.
16:32Good afternoon, everyone.
16:35Thank you, Mr. President, for hosting us here today.
16:38It's an incredible honor to be here in a place that symbolizes the very opportunity that
16:43has defined my life.
16:45Thank you, Brad.
16:46Thank you, Michael, for your vision.
16:49We all strive to build something that lasts, and the Invest in America Act is a legacy that
16:54is going to last for generations.
16:57President Trump, thank you for your leadership.
16:58Your support is going to turn this powerful idea into powerful reality for millions of young
17:05Americans.
17:06And I was nine years old when I came to this country.
17:08My family arrived in America, having fled the Iranian Revolution.
17:14We had lost everything that we had built, but we gained something far more valuable here.
17:21We gained the chance to rebuild again.
17:23We had a close-knit family.
17:25We had access to world-class education.
17:28And we had the one thing that fuels every American dream, and that's hope.
17:34So what if we could bottle up that hope?
17:35What if we could give that same power of hope, real, tangible hope, that comes from having
17:40a stake in your own future and a stake in the best companies in the world to every single
17:47child that's born in this country?
17:50That's the promise of the Invest America Act.
17:53It's not just an account.
17:54It's a launchpad.
17:56It puts the unstoppable engine of compounding to work for our kids, building a future for
18:02them from day one.
18:06This mission is personal to me, and it's core to us at Uber.
18:09Every day we see people using our platform to create opportunities for themselves, to save
18:14for a home, to pay for tuition, to build their own American dream, one trip at a time.
18:22And that's why Uber is so proud to support this bill, which also includes benefits for
18:26millions of Uber drivers and couriers in the form of no tax on tips.
18:31Mr. President, our earners are grateful for your support.
18:35Thank you very much.
18:37What a great job.
18:38You know, when you think we're doing a lot of work on Iran right now.
18:43And I see that what you just said, you came here and they took it all away from you and
18:48you started and you've become one of the biggest anywhere in the world.
18:51What a great story that is.
18:52Thank you very much, Mr. President.
18:53Congratulations.
18:54I wish you all the success there.
18:55Thank you very much.
18:56We'll need it.
18:57We're going to need it for that.
18:58That's it.
18:59They're tough negotiators.
19:00They're tough.
19:01They're great negotiators.
19:02Among the best.
19:03Look at you.
19:04Thank you very much.
19:05Appreciate it.
19:06Jason, please.
19:08Thank you, Mr. President.
19:09I want to first start off by by thanking you for your leadership, your vision, your commitment
19:16to workers and families throughout this country.
19:21The one big, beautiful bill would not have been possible without you.
19:26And it delivers the largest tax cut in U.S. history, the largest mandatory spending cuts
19:35in U.S. history, the most significant welfare reforms in U.S. history and the largest one-time
19:42investment in border security.
19:44So it's things to be extremely proud about representing Southeast Missouri.
19:50I'm extremely proud about how you're delivering for working families.
19:55No tax on tips.
19:56A waitress like the waitress in Nevada that talked to you about no tax on tips.
20:03And the other 4 million tipped employees in the country, they will see an extra $1,700
20:11in their paycheck because of the no tax on tips.
20:14That's significant for someone who's just trying to put food on their table and clothes on their
20:18backs.
20:19The linemen working overtime to restore power will get an additional $1,750 into their paycheck.
20:29We'll get $72 billion in tax cuts.
20:34The Trump investment accounts will be a game-changer for new parents, even before their newborn baby
20:43can walk or talk.
20:45Their child will have money saved to one day learn a trade, start a business, or to buy
20:52a home.
20:54Every child, every child born under this policy will have a better shot at a future.
21:02It does not matter if they live on a city block or on a county road.
21:09This will make a significant difference to their lives.
21:13And it's because of your leadership, Mr. President.
21:15And we say thank you.
21:16Well, thank you very much, Jason, and hopefully we're going to get that through, and we have
21:21a certain date picked up, an ideal date.
21:23If it takes a little longer, that's okay.
21:25But ideally, we're going to get by a certain date.
21:28And again, I think it's one of the most important pieces of legislation we've ever had before
21:33us and that the country's ever had.
21:36I'd like to ask, if I might, Brad Gerstner, one of the most successful people in our country,
21:43a friend of Michael very much.
21:44And Michael has great respect.
21:46And if you don't mind, Brad, I'd like to say a few words, please.
21:51Well, first, it's a great honor and privilege to be here.
21:54We wouldn't be here without your leadership.
21:57And for me personally, to be here with my son, Lincoln Gerstner, happens to be named after
22:05the gentleman over your right shoulder.
22:07Where is Lincoln?
22:08He's a good looking guy.
22:10He's much better looking than you.
22:12What happened?
22:13You know, hey, we all want our kids to be better than ourselves.
22:18But it was around our small kitchen table that this idea was really born.
22:24I started off like Jason Smith in a small rural town in Indiana.
22:30My dad had lost everything in 1978 trying to start an auto parts company.
22:35And the Japanese were tearing apart our auto industry.
22:39We had double-digit interest rates and inflation.
22:41Our family mortgaged the house to keep the company going and ultimately lost everything.
22:47So I know a little something about starting with nothing.
22:50And I know what it felt like that first time you had a little skin in the game where you
22:55thought you had a shot.
22:57You went from nothing to something.
23:00And like Dara said, that is the great story of America.
23:04The promise that there's mobility.
23:06The promise we can move up that ladder.
23:08But today, you know, we've moved to a society of dependency.
23:14Right?
23:15I saw somebody answer the White House's tweet on this today by saying the answer to socialism
23:22is more capitalism.
23:24This is more capitalism.
23:26This is aligning every child in America with the upside of free markets and the benefits.
23:33And that is your Main Street agenda, Mr. President.
23:36No tax on tips.
23:37That doesn't help rich folks.
23:39That helps the people who feel left out and left behind.
23:42No tax on overtime.
23:44No tax or deduction on Social Security.
23:47And the Trump accounts, right, that everybody in this room are here and we've been working
23:52so hard on but would never come to fruition without your leadership.
23:56Those will change the game forever.
23:58It makes America an ownership society again because all of those kids will see the benefit
24:05of compounding.
24:06If you start with $1,000 and $750 is added a year by parents, grandparents, by churches,
24:13by the companies in this room who will all contribute to the accounts of the kids of their employees,
24:19by the great philanthropists in America, I think $750 is a low estimate per year.
24:24I think so.
24:25But if you start, if you do that, by age 18, Mr. President, these are worth $50,000.
24:32By age 30, they're worth $175,000.
24:36And if you do it every year of your life, at age 50, they're worth a million bucks.
24:42You are giving the shot for every American to feel like they're in the game again, part
24:47of America with that economic mobility, that dream that led Michael Dell to start Dell computer
24:52in his dorm room, Dara to feel like he had a shot after coming here from Iran, and a couple
24:57poor kids from Missouri and Indiana to make it to where we are today.
25:01So thank you for your leadership.
25:03This would not happen without the reconciliation bill and the work of the many in this room but
25:08spearheaded by the speaker and Jason Smith, the big, beautiful bill.
25:13This is the vehicle to get the Invest America Act passed.
25:15So thank you, sir.
25:16Thank you very much, Brad.
25:18Great job.
25:19And nobody knew I was going to call you.
25:22He might have done the best job of the group.
25:24You've got to think about that, Mike.
25:26Good recommendation, Michael.
25:28Does anybody have any questions?
25:29I think it's something that's really got to be talked about because it's somewhat of
25:34a miracle that we're close to pulling it off.
25:36Please.
25:37What do you think the latest estimate on when you think the big, beautiful bill will pass?
25:44We put Independence Day as a self-imposed deadline, and we certainly hope, I believe,
25:49we can still meet that.
25:50It's up to the Senate.
25:51The bill's in the Senate's hands now, but I spoke with Leader Thune as recently as last
25:54night.
25:55He's feeling very optimistic.
25:57You see the Senate going through the same deliberations we went through in the House,
26:00except we had 14 months to do it.
26:02They've got a truncated time period to get that done.
26:04But as you all know, I've encouraged my dear friends and colleagues over there, don't modify
26:09it too much because we've got a very delicate balance that we reached, and it took us a
26:12long time to get there.
26:14And we don't want to upset that balance too much.
26:16So they're putting their fingerprints on it.
26:17I think, I hope it'll be a light touch, and they'll send it back, and we'll get this thing
26:20done and get to the president's death.
26:22And really, we have tremendous spirit.
26:24I've never seen anything like it.
26:25There's just an unbelievable, we'll always have a couple of people.
26:30I don't want to use the word grandstanders, I'd never use such a word, but you'll always
26:34have that a little bit.
26:35But maybe you won't even have that, who knows.
26:38There's tremendous spirit for this bill, I think, like we haven't seen very much, Jason,
26:44right?
26:45We haven't seen too much.
26:46So I think it's going to go pretty quickly.
26:48Mr. President, how did you follow up with Prime Minister Netanyahu?
26:51You just mentioned Iran.
26:52Did you discuss Iran?
26:53Very well.
26:54Did you discuss the Gaza war?
26:56Yeah, we discussed a lot of things, and it went very well, very smooth.
27:01We'll see what happens.
27:02You know, we're trying to do something with a country we just spoke about, Iran.
27:08I think you should negotiate this.
27:10You might be better.
27:11I think I'm going to send you today.
27:12What a good idea.
27:13This could have been the idea of the day.
27:15We'll have Dara get up and negotiate.
27:17They are good negotiators, but they're tough.
27:20Sometimes they can be too tough.
27:21That's the problem.
27:22So we're trying to make a deal so that there's no destruction and death.
27:29And we've told them that, and I've told them that, and I hope that's the way it works out.
27:33But it might not work out that way.
27:35We'll soon find out.
27:36Yeah, please.
27:37In 2020, when you were talking about unrest in American cities, you said, quote,
27:42we have to go by the laws.
27:43We can't call in the National Guard unless we're requested by a governor.
27:47What changed now?
27:48Why is this situation different to not consult with Governor Newsom about this?
27:51Well, the biggest change from that statement is we have an incompetent governor.
27:55So I talked about governors, but I didn't talk about he's an incompetent governor.
27:59Look at the job he's doing in California.
28:01He's destroying one of our great states.
28:03And if I didn't get involved, if we didn't bring the guard in, and we would bring more
28:07in if we needed it, because we have to make sure there's going to be law and order.
28:12You had a disaster happening.
28:16And they now admit it was a disaster.
28:17I watched the chief yesterday, who's a good man, by the way.
28:21And he said, well, we're lucky we did this because they would have, they were overwhelmed.
28:26You saw what was happening.
28:28So we did the right thing.
28:29Everybody agrees to that.
28:31But you have a governor who let the city burn down and didn't want water to be sent down
28:36to him.
28:37And I sent billions of gallons of water.
28:40I said I wanted to do it in the first term.
28:42He wouldn't do it over.
28:43I don't know.
28:44They have environmental reasons, but there were no environmental reasons.
28:48It's I think it's just a political philosophy.
28:51But it's lucky for the people in Los Angeles and in California that we did what we did.
28:58We got it just in time.
28:59It's still simmering a little bit, but not very much.
29:02Yeah, please.
29:03Have you gotten a crime has he committed?
29:08I think his primary crime is running for governor because he's done such a bad job.
29:17What he's done to that state is like what Biden did to this country.
29:21And that's pretty bad.
29:23It's the wrong philosophy.
29:25Thousands, hundreds of thousands of illegal immigrants, many of them prisoners are taking
29:31up your health care, they're taking up your space in schools, they're taking up your hospital.
29:36And in many cases, they're criminals.
29:39And we have to do something about it.
29:41And we're doing something about it.
29:43I want to thank the incredible Patriots of ICE and Tom Holman, who has been incredible.
29:49And Kristi Noem, likewise, incredible.
29:53The job they're doing, it's like an unforced error.
29:56There was no reason for this.
29:5821 million people were allowed into our country.
30:01And many of those people were criminals.
30:04And it's a shame.
30:05It's a shame.
30:06We're getting them out, and I will say, I think it's a 95 to 5 issue, just like so many
30:13other issues, 95 to 5.
30:15And the Democrats lost an election in a landslide because they're on the wrong side of the issues.
30:21I mean, it's not even conceivable that somebody would do the kind of things that he did.
30:27And then, you know, you talk about projects.
30:29They want to build a train going from San Francisco to L.A., and it's costing hundreds of billions
30:35of dollars more than they thought it was going to cost.
30:38It's not even believable.
30:39To Brad and to people sitting here, would you believe that a train, it was going to cost
30:44X dollars?
30:45It might be 100 times X.
30:47Would have paid for this for about 50 million American children.
30:52You're right.
30:5350 million American children instead of a three-mile train track that never got built.
30:58We could have put Lincoln in charge.
30:59With no experience, he would have done a good job.
31:02I guarantee you that.
31:03All right.
31:04Please, Peter.
31:05Mr. President, have you gotten an update from your negotiating?
31:07Thank you, President Trump.
31:09It seems like Gavin Newsom likes the attention that he's getting right now from you.
31:14I do.
31:15I think he does.
31:16If you look at recent history, somebody who was running for president, you, who got arrested
31:23and had a mug shot, you could make the argument that politically, that wound up helping you.
31:28Are you worried at all at this moment that talking about him getting arrested could be helpful
31:34to his political prospects, because a lot of people think he wants to be sitting right
31:38where you are.
31:39Well, in my case, it was a witch hunt, and everybody knew it, and I was able to explain
31:43that during the process.
31:44Otherwise, I wouldn't be sitting here right now.
31:46And it was a total witch hunt.
31:47It's proven to be a witch hunt, and you see what's happened.
31:50In his case, it really is very obvious.
31:52You look at what's happened between the fires.
31:57I could name ten things right now.
31:59We talk about the trains.
32:00We talk about all of the costs in California.
32:04You talk about all of the people that are flowing and destroying life for everyone else.
32:08So, no, I don't think it's going to help them.
32:11I think it's actually very bad for them.
32:13And right around the time that we were walking in here, the governor and the state attorney
32:18general said that they're going to sue you for sending the National Guard in.
32:21They're saying there's no invasion.
32:23There's no rebellion.
32:24The president is trying to manufacture chaos and crisis on the ground for his own political
32:29ends.
32:30Federalizing the California National Guard is an abuse of the president's authority under
32:35law.
32:36Well, you know, it's interesting.
32:38You watch the same clips as I did.
32:40Cars burning all over the place, people rioting.
32:42And by the way, we stopped it.
32:44We were able to make it much better.
32:46But it still looked pretty bad.
32:47And in watching clips last night, people were saying, this is really a big problem.
32:53And until we went in, if we didn't do the job, that place would be burning down just
32:57like the houses burned down.
32:58They were in big trouble last night, Peter.
33:00You know it.
33:01And the night before, and the night before that.
33:04And I feel we had no choice.
33:06I don't want to see, I don't want to see happen what happened so many times in this country.
33:11I watched Minneapolis burn.
33:13I watched, look at what happened in so many different parts of California.
33:18You take a look at what happened in San Diego.
33:20There's so many different places where we let it burn.
33:25We want to be politically correct.
33:26We want it to be nice.
33:27We want to be nice to the criminal.
33:29And what you're doing is destroying the fabric of our life in this country.
33:32No, we did the right thing.
33:35We've been given credit by people that I would least suspect.
33:39I would say that some of the people that came in and said, thank goodness, they said, some
33:44of them, thank God that Trump got involved.
33:48And I'm very happy I got involved.
33:50And I think Gavin in his own way is probably happy I got involved.
33:54Yeah, go ahead.
33:55What do you make of the fact that he says, you want a civil war on the streets of America?
34:01No, that's just the opposite.
34:03I don't want a civil war.
34:05Civil war would happen if you left it.
34:07If you left it to people like him and I liked him, you know, I always got along with him.
34:11Never had a problem with him.
34:13But he's grossly incompetent.
34:15Okay.
34:16Have you gotten an update from your team in London negotiating the China trade talks?
34:28We are doing well with China.
34:33China is not easy, just like just like your your home country is not easy there.
34:41I think we're doing very well.
34:42They're over there now.
34:43I'm only getting good reports.
34:44It's a little early, but they'll be calling in soon.
34:47In fact, probably when I get back, I'll have my first call from them.
34:50We want to open up China.
34:53And if we don't open up China, maybe we won't do anything.
34:56But we want to open up China.
34:57It'll be a great thing for China, a great thing for the rest of the world.
35:00Are you willing to lift export controls when it comes to China?
35:04Did you give your negotiators any sort of limitations?
35:06Well, we're going to see.
35:07We're going to see.
35:08Look, China has been ripping off the United States for many years.
35:13Nobody charged them 10 cents.
35:15No president had the courage to charge China for whatever reason.
35:18They didn't want to do it.
35:20I took in hundreds of billions of dollars.
35:22I put on tariffs on China when I got in first term and we took in hundreds of billions of
35:28dollars.
35:28And then I did it again.
35:30But I did it for a lot of others.
35:32If you look at the stats, the deficit last month was cut in half.
35:37Everybody was shocked.
35:38I wasn't shocked.
35:39I think a lot of the people at this table weren't because they saw the billions of dollars
35:43that were pouring in and the tariffs hadn't even started yet.
35:46Just about there weren't cars.
35:48They were in some countries at a very minor level.
35:51And we cut the deficit in half.
35:54And it was a big story a couple of days ago.
35:56They said, I don't believe one of the announcers on a business network went wild, said, I can't
36:02believe these numbers.
36:03Those numbers are good.
36:04The numbers are going to be very good.
36:06I think we're going to have a great four years.
36:08You know, we had the greatest economy in history during my four years.
36:11I think this one's going to blow it away.
36:13Yeah.
36:14Mr. President, do you have a message for Greta Thunberg?
36:18And did she come up on your call with the prime minister today?
36:21Well, she's a strange person.
36:22She's a young, angry person.
36:24I don't know if it's real anger.
36:25It's hard to believe, actually.
36:26But I saw what happened.
36:30She's certainly different.
36:32Anger management.
36:33I think she has to go to an anger management class.
36:37That's my primary recommendation for her.
36:39Was she kidnapped by Israel, as she says?
36:42Was she kidnapped?
36:43I find it.
36:44I think Israel has enough problems without kidnapping Greta Thunberg.
36:48And secondly, are you going to get...
36:50Do you know what she said?
36:51She was kidnapped by Israel?
36:52Yes, sir.
36:53Are you going to get rid of the Tesla and the Starlink service that you have here at
36:57the White House?
36:58No, I haven't heard that.
36:59I mean, I may move the Tesla around a little bit, but I don't think we'll be doing that
37:04with Starlink.
37:05It's a good service.
37:06Where are you going to move it to?
37:08Move it around.
37:09What do you mean?
37:10Actually, about the Tesla...
37:11I got so many locations that I don't know what to do with them all.
37:16About the Tesla, did you ever see Elon Musk get physical with the Treasury Secretary?
37:22No, I didn't.
37:23And I tried to ask...
37:24I did have an argument, but I didn't see a lot of physicality there.
37:30And there was this New York Times report that he did not want to talk about, Elon Musk, that
37:37alleged that he, towards the end of his time in the White House, was blurring the lines
37:41between recreational use of drugs and medicinal.
37:45Do you think he ever had drugs here at the White House?
37:47I really don't know.
37:48I don't think so.
37:49I hope not.
37:50Look, I wish him well.
37:51You understand.
37:52We had a good relationship.
37:54And I just wish him well.
37:56Very well, actually.
37:57Yeah.
37:58About aid in Gaza, you mentioned now the flotilla.
38:01Do you have a response at all about Israel intercepting this boat?
38:04And can you give us an update on what's happening to the entry of aid into Gaza right now?
38:09We've had people being shot by Israeli forces who are trying to get aid from the Gaza Humanitarian
38:15Foundation.
38:16Yes.
38:17Gaza right now is in the midst of a massive negotiation between us and Hamas and Israel
38:23and Iran, actually, is involved.
38:26And we'll see what's going to happen with Gaza.
38:28We want to get the hostages back, that's all I can tell you.
38:31Yeah, please, in the back.
38:32Yeah.
38:33I want to go back to California briefly.
38:34You said yesterday when I reported that it was not insurrection taking place, but then
38:37on True Social a bit later, you said they were insurrectionists.
38:40After what you said-
38:41You're talking about in L.A.?
38:42Yes, sir, in L.A.
38:43I wouldn't call it quite an insurrection, but it could have led to an insurrection.
38:46I mean, that was a serious, that was a lot of, that was a lot of harm that was going
38:51on last night.
38:52I watched it very closely.
38:55And it was amazing that the job that the National Guard did, and by the way, the police
39:00were working very hard also.
39:02But you know, the police are giving instructions to be politically correct.
39:06I said, no, no, you don't have to be politically correct.
39:08You have to do the job.
39:09And on Elon Musk, do you plan to speak to him on the phone anytime soon?
39:13I know some-
39:14Which one?
39:15Do you plan to speak to him on the phone anytime soon?
39:16I haven't really thought about it, actually.
39:22I would imagine he wants to speak to me.
39:24I would think so.
39:25If I were him, I'd want to speak to me.
39:27But, and maybe he's already called.
39:29You'd have to ask him, ask him whether or not he's already called.
39:32But, I'd have no problem with it.
39:33If he called you, they'd have to speak to him.
39:34Well, I don't want to say that.
39:37But, you know, but I would imagine he'd want to talk to me.
39:39Mr. President.
39:40We're supposed to get a counter-
39:43Yeah, please.
39:44We're supposed to get a counter-proposal from Iran today.
39:47Have you gotten that proposal?
39:48And what is the main impediment?
39:49We have a meeting on Thursday.
39:50We have a meeting with Iran on Thursday.
39:52So we're going to wait till Thursday for that proposal.
39:54And what's the main impediment to getting a deal?
39:56Well, they're just asking for things that you can't do.
40:01They don't want to give up what they have to give up.
40:03You know what that is.
40:04They seek enrichment.
40:06We can't have enrichment.
40:09We want just the opposite.
40:11And so far, they're not there.
40:14I hate to say that because the alternative is a very, very dire one.
40:21But they're not there.
40:22They have given us their thoughts on the deal.
40:26And I said, you know, it's just not acceptable.
40:29I would say, yeah, I don't know what else.
40:34I can talk about the weather.
40:36You can talk about pretty much.
40:38Pretty much.
40:39That's the main topic.
40:40Yeah.
40:41Mr. President, we talked about Lebanon also.
40:43Yeah, we did.
40:44Well, Lebanon's working very hard.
40:46They have a great new ambassador that I put there.
40:50Man, I know very well.
40:51He's very smart.
40:52I didn't even know he was Lebanese.
40:53And I said, why would you want Lebanon?
40:56He said, I was born there.
40:57I love it.
40:58I love the people.
40:59I said, you know, it's very dangerous going to Lebanon.
41:02There are some ambassadorships that are wonderful.
41:04There are some that are dangerous.
41:05I said, Michelle, his name is.
41:08It's a he.
41:09Michelle.
41:10Very elegant man.
41:11And I said, why would you want this?
41:13And he said, because I love my country and I love those people.
41:17I said, it's very dangerous.
41:18He goes, I don't care.
41:19This is not a man that lived on danger.
41:21He's a very successful man from here.
41:24And he wanted to be the ambassador, despite probably a very dangerous situation he's going
41:30into.
41:31You see what's going on.
41:32But I had great respect for that.
41:35He loves that country.
41:36He loves it.
41:37He was born there.
41:38He loves the country.
41:39Yeah.
41:40You've got a big, beautiful parade coming up on Saturday.
41:44We do.
41:45What's your biggest expectations for that?
41:47And I've got a second question in regards to Gavin Newsom.
41:50Go ahead and talk about the big, beautiful parade.
41:52So it's such a thank you, Brian.
41:55It's such a, I think, important moment for this country.
42:00You know, two weeks ago, I was calling people and back and forth with leaders, including
42:06President Putin, including French president, including lots of different people.
42:12And all of them said, we're celebrating victory in World War II.
42:17And I said, wow, isn't that amazing?
42:20We're the only one that wasn't celebrating.
42:22And we're the one that won the war.
42:24Now, Russia did help.
42:25They did lose 51 million people in all fairness.
42:28People would say, oh, he's sticking up for Russia.
42:31No, they lost 51 million people.
42:34And, you know, can't forget that.
42:37But France was celebrating.
42:40And, as you know, Hitler made a speech at the Eiffel Tower.
42:45But when I spoke to President Macron, he said, oh, we are celebrating the great victory of World War II.
42:50And I think that's great that he was doing it.
42:52But we're the one that won it.
42:54And we weren't celebrating.
42:55I said to myself, you know, isn't that crazy?
42:57And I think it's time for us to celebrate a little bit.
43:00You know, we've had a lot of victories.
43:02We won two world wars.
43:04And then we go out and change the name of the forts where we won the wars.
43:08You go out.
43:09We win world wars from Fort Robert E. Lee, from Fort Bragg, from all the different forts.
43:14And what do we do?
43:15We change the name of the forts because we want to be politically correct.
43:19So a lot of them were changing back.
43:21You probably noticed Fort Bragg and others.
43:24But I think it's a time to celebrate our military.
43:28You know, we've rebuilt our military largely.
43:30A little low on ammunition.
43:33That's because it goes out very fast to other countries, one in particular.
43:38But we're we'll get that back very quickly.
43:40But we have a military the likes of which nobody has.
43:44Nobody comes close.
43:45We have the best equipment in the world.
43:47We make the best equipment in the world.
43:49There's no military like our military.
43:51We showed that with ISIS.
43:52I was told by the television generals it would take four years to win.
43:56And we did it in three weeks.
43:58And it was headed by General Raisin Cain, who's now the chairman of the Joint Chiefs of Staff.
44:03He's great.
44:04Just left him.
44:05No, I think it's time that we celebrate.
44:08And I sort of have to laugh at these people.
44:11Well, you know, you're going to spend a lot of money.
44:14A lot of that money is being paid for by me and people that make donations.
44:18I don't know if you know that.
44:19A lot of it won't even come out of the military.
44:21I think I can say that, Susie, right?
44:23We have people putting up money to do it.
44:26Not that it's necessary because I think it's a great expenditure.
44:29We have many tanks.
44:30We have all sorts of new ones and very old ones.
44:34Old from World War I and World War II.
44:37It's really a celebration of the army.
44:39So the army is a year older than the country.
44:43So next year we celebrate 250 years, but we're celebrating the army on Flag Day.
44:48And it's not my birthday.
44:49It is my birthday, but I'm not celebrating my birthday.
44:51I'm celebrating Flag Day.
44:53It happens to be the same day, so I take a little heat.
44:56But Flag Day is the appropriate date.
44:59And we're celebrating 250 years of the army, a great service.
45:04And remember, you know, think of it.
45:06We won so much.
45:07We won World War I, World War II, so much else.
45:12And then we became politically correct.
45:15But I can only tell you that I was told that ISIS would take anywhere from four to five years.
45:21And we did it in three weeks.
45:23You were there.
45:24You watched, right?
45:25We have the greatest military in the world.
45:27Nobody can beat us.
45:28As long as we have our right leadership, nobody can beat us.
45:31If we have stupid people running it like you had in Afghanistan, when you look at that.
45:36First of all, Afghanistan should have been an easy victory as a war.
45:39But we were so, so sad the way we fought it.
45:43So ridiculous.
45:44We fight not to win.
45:46And, but we didn't used to be that way.
45:48And we're celebrating.
45:50Because I think the day in Afghanistan was the saddest period of time in the history of our country.
45:56That was run by, that was a Biden mess with bad generals like Milley and others.
46:02They were bad.
46:03They were incompetent generals.
46:04I know all the good ones and the bad ones.
46:06We got rid of most of the bad ones.
46:08But it was time to celebrate.
46:10And that's what we're doing.
46:11So it's, it's on June 14th.
46:13And it's going to be a parade, the likes of which I don't know if we've ever had a parade like that.
46:19It's going to be incredible.
46:20We have, even though it's the army, we have a lot of those army airplanes flying over the top.
46:26And we have tanks all over the place.
46:28And we have thousands and thousands of soldiers going to bravely march down the streets.
46:34It's going to be a beautiful day, I think.
46:36And we're going to celebrate our country.
46:38You spoke of leadership.
46:39And real quickly, speaking of Gavin Newsom, is he the right leader for California, considering
46:45how massive their economy is and all these U.S. investments coming in?
46:49Is he the right governor and leader for the future of California and for U.S. investments?
46:55I don't think he is.
46:56I mean, I think he's done a terrible job.
46:58And, you know, he's a guy I always got along with him.
47:00You look at his past statements about me.
47:02I was a great president.
47:03I always took care of California, you know, all that.
47:07But I'm just talking on results.
47:09You look.
47:10You know, here's the advantage of beautiful weather, maybe the best weather of any state,
47:14when you think about it.
47:16Beautiful weather, beautiful ocean, beautiful everything.
47:18You have all the advantages.
47:20And he didn't take advantage of that.
47:22And he's let people come in by the millions who are overrunning your hospitals, your education
47:29system, and your police.
47:32Your police are being overrun.
47:34Look at what's happened.
47:36He should only be happy I sent in the military.
47:39Because if I didn't send him in, you would have had a problem there, the likes of which
47:43we haven't seen in a long time.
47:45Yeah, please.
47:46Thank you, Brian, very much.
47:47On supersonic flight.
47:48On supersonic flight.
47:49Supersonic flight.
47:50Yes, sir.
47:51I know you just signed an executive order on it.
47:53Do you want to see a supersonic Air Force One in the next ten years or so?
47:56Oh, well, I don't care too much about that.
47:59But I would like to see.
48:00You know, if you think about it, flight.
48:02The word flight's an interesting word.
48:04But it's probably the only category where we've actually gone backwards.
48:09Because we used to have the Concorde.
48:11And we could fly to London, Brad, very quickly and nicely.
48:16And today it takes you two times and three times as long.
48:20It's the only thing where we've regressed.
48:22By the way, the Concorde did my way of thinking.
48:24To this day, Michael, because you're very much into aesthetics, I know.
48:28But to this day was one of the most beautiful pieces of art I've ever seen.
48:33It was a piece of art, the beauty of the Concorde.
48:36It was the most beautiful plane.
48:37But it was, you know, it got you there in half the time.
48:41Now you spend a lot of time.
48:44And there's no reason for it.
48:46Because, you know, they have the sonic boom.
48:48It's not a huge problem.
48:49But they have the sonic boom thing pretty well figured out.
48:52The technology changes.
48:55The change in the skin.
48:57The change in weight.
48:58All of the other things.
49:00There's no reason why we shouldn't do great.
49:02So we are making it possible for them to do supersonic and get us back on the track.
49:07I mean, we've, think of it, 30 years ago we actually had planes that flew much faster than we do now.
49:13It took you half the time to get to a location.
49:16So we've regressed.
49:18And we're going to progress.
49:21Sort of an amazing, amazing thing, isn't it, though?
49:26We've gone backwards.
49:27On Wall Street they haven't done that.
49:29If Goldman Sachs was like that, he wouldn't have Goldman Sachs anymore.
49:34Yeah, please.
49:35Are you planning to deploy Marines in California to address the situation in Los Angeles?
49:40Are you going to deploy Marines in California?
49:42We'll see what happens.
49:43I mean, I think we have it very well under control.
49:47I think it would have been a very bad situation.
49:49It was heading in the wrong direction.
49:51It's now heading in the right direction.
49:53And we hope to have the support of Gavin because Gavin's the big beneficiary as we straighten out his problems.
49:59I mean, his state is a mess.
50:01And I'd like to get somebody involved in the rail because, look, personally, it should have never been built.
50:06Because you can fly there for $2.
50:08And what are you doing?
50:09They're doing that.
50:10You could drive.
50:11You could do lots of different things.
50:12You know, if they did a study, if you gave every passenger the finest limousine service in the history of our world, the most expensive chauffeur-driven white glove limousine service back and forth, we would have saved billions of dollars as opposed to building this monstrosity that's going up.
50:32And I've never seen anything.
50:33You know, I've seen cost overruns.
50:35I'm a person.
50:36I've always done well on cost overruns.
50:38I don't have them.
50:39But I will tell you, I have never seen cost overruns.
50:42You see them where they're 20 percent more, 50 percent, 100 percent more.
50:46These are thousands of percent.
50:48Nobody even knows.
50:49They have no idea.
50:50And it was supposed to be from San Francisco to Los Angeles.
50:54Well, they just made it way outside of Los Angeles where it's stopping in the middle of.
51:00I don't want to say nowhere because I happen to like one of those little cities very much.
51:04But it's way short of the destination.
51:07And our government is saying, you know, why are we involved in this thing?
51:11It's been handled so badly before him.
51:14But he really blew it.
51:15So, you know.
51:16All right.
51:17One more question.
51:18Can you speak to any of the discussions that were had there and the purpose of that retreat?
51:22Your time at Camp David.
51:23What?
51:24Your time at Camp David.
51:25Can you speak to what discussions were had there and the purpose of that retreat?
51:29Well, I don't want to speak to discussions.
51:31I mean, I told you what we were there for a little bit.
51:34We had discussions in many topics.
51:36We had a group of people, large group of people, including generals and admirals and lots of others.
51:43And all I can say is our country is in great shape.
51:46We're in great shape economically.
51:48The bill that Mike and Jason and all the people are working on is going to be, I think, amazing.
51:55I think it's going to be one of the most important pieces of legislation we've ever had in this country.
52:00It's going to do things that you wouldn't believe.
52:02And we're going to, you know, I have a very simple phrase.
52:05We ran an election on very simple words.
52:08Make America great again.
52:10That's what we're doing.
52:11We're making it great.
52:12We're making it safe.
52:13We're making it beautiful.
52:14And we're making it very wealthy again.
52:16You know, wealth is okay.
52:18You need wealth to take care of lots of other people.
52:22We have to make our country better.
52:24It has to heal from four years of abuse.
52:27Our country was abused badly by a very incompetent person and a group of people that weren't incompetent,
52:36but they were radical left lunatics.
52:38And they ran the country with an auto pen.
52:41And I hope that law enforcement's looking at that very seriously.
52:46That's like a takeover of our country in a certain way, because this guy had no idea what he was doing.
52:51You saw that during the debate.
52:52You saw that in other cases.
52:54I mean, he had no idea.
52:55I saw it years ago.
52:56By the way, 40 years ago, he had no, he was, he was bad 40 years ago.
53:01We're not just talking about, and they always like to say age, but it's not age.
53:05I know people 88, 89, 92.
53:08Bernie Marcus, who just passed away, was 95.
53:11I spoke to him a year before.
53:12He was 100%.
53:14It's not age.
53:15It's something else.
53:16But whatever it is, you can't have that in this country.
53:19The damage he's done to this country is unbelievable.
53:22But the good news is we've got much of it fixed already, and the rest of it will happen.
53:28Thank you all very much.
53:30Thanks, guys.
53:31Let's go back out this way.
53:32We'll take everything.
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53:39Download the One India app now.
53:43We'll be right back now.
53:44We'll be right back now.