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00:00And our national security team continues to work on this every single day.

00:03But of course, it's a very complicated situation.

00:05The Commerce Secretary of the Weekend had some pretty tough words for the Fed.

00:09Hi, Mark, you're sneaking in back there.

00:12I know, I wish I was taller.

00:13The Commerce Secretary of the Weekend had some pretty tough words for

00:16the Federal Reserve Chairman.

00:17The White House has sent some mixed messages whether or not his job is safe or not.

00:21Will Powell be allowed to finish his term as Federal Reserve Chairman or not?

00:25Look, Mark, the President talked about this and

00:27answered these questions for you pretty extensively in the Oval Office.

00:31He has no plans to fire the Fed chair, but he has been very transparent in expressing

00:36his displeasure with Jerome Powell's management of the Fed and also his policies.

00:41And the President is right, by the way, he's been saying this for a while.

00:44But finally, economists and experts are agreeing with him that Jerome Powell should cut interest

00:49rates.

00:49If you look at our country by every economic metric right now, it is booming.

00:53Look at the trillions of dollars the President has brought in in foreign investments.

00:57Look at inflation, like I said, continues to go down.

00:59He's basically defeated it in just six months.

01:02If you look at the massive deregulatory campaign this administration has lost.

01:05Look at the cost of goods.

01:07The cost of oil is down 20 percent.

01:09We've added 700,000 jobs to the economy in just six months.

01:13The manufacturing sector is ticking up again.

01:16By all accounts, this is a good economy.

01:18In fact, the Wall Street Journal, wherever you are, did in fact give credit for that today.

01:22They said that the economy has its swagger back, which is one way to put it.

01:26But I think that it's true.

01:27And I think that the Fed chair needs lower interest rates.

01:30The President is right about that.

01:32And finally, people are catching up to the President on that.

01:35Brian, go ahead.

01:35Has the President shared a new additional clause in privatizing the TSA?

01:40Privatizing the TSA.

01:42I haven't heard him talk about that.

01:43But perhaps it would be a good idea.

01:45I think we can all agree there's a little bit of bureaucracy when you move through an airport.

01:49But I'll get with the President.

01:50Or perhaps you can ask him yourself next time, Brian.

01:52Go ahead.

01:54The Congressional Budget Office released updated estimates today about the big, beautiful bill

01:59now that it's law.

02:00They estimate that the deficit will grow by $3.4 trillion by 2034.

02:05And that 10 million people will lose health coverage by 2034.

02:08I know you guys are critical of the CBO.

02:11More broadly speaking, is there any concern from the administration that this bill,

02:15now that it's law, will increase the deficit in any way or remove anyone from health insurance

02:20that they have legal citizens?

02:21No, look, this bill was a great bill for the American people.

02:24It was the largest tax cut for middle and working class families in our nation's history.

02:30And the President wants to see this country get our fiscal house in order.

02:33That's why this was a fiscally responsible bill, one of the most fiscally conservative

02:38pieces of legislation for its size that has ever crossed through Capitol Hill.

02:42And the President wants to cut our deficit.

02:44That's why he's effectively using tariffs to bring more revenue into the United States to

02:48ultimately pay down our debt that has been created by presidents on both sides of the aisles for many,

02:56many decades.

02:56Here are 11 days until that August 1st trade tariffs deadline.

03:03What can we expect between now and August 1st in terms of potential

03:07announcements of trade deals with any country?

03:09Look, I can tell you the trade team and the President himself continue to be very engaged

03:14with countries around the world when it comes to our trade agreements.

03:17You have the President of the Philippines who will be visiting the White House tomorrow.

03:21Perhaps this will be a topic of discussion you all see for yourselves in the Oval Office

03:25as you always do.

03:27But the August 1st deadline is just the really the start date for when the United States of

03:32America will begin collecting this revenue from all of the countries around the world who the

03:36President has sent these letters to. You could see some more letters before August 1st, John.

03:40You could have some more trade announcements as well. I can tell you the President,

03:45Secretary of Treasury, Secretary of Commerce, Ambassador Greer all continue to be in constant

03:49communication with our trading partners.

03:50I can check in on the status of the South Korean trade talks for you.

04:09Who is visiting?

04:19Tom Barak.

04:21Tom Barak.

04:22Tom Barak is visiting Lebanon regarding disarming Hezbollah.

04:27Does President Trump still believe diplomacy can work with Lebanon while Hezbollah keeps

04:32inquiring?

04:33Look, I think the President wants to see diplomacy work with Lebanon and all of

04:38the partners in the Middle East. You know, the President has been very clear when it comes to

04:42his priorities for Iran. He obliterated their nuclear capability.

04:46And I understand that the administration continues to be open to talks with Iran if we deem them

04:52necessary. As for Tom Barak's trip, I know the President supports him and he's doing a great job in Syria.

04:58Thank you so much, Caroline. According to the House Judiciary Committee,

05:02the Biden administration sent nearly a billion dollars in taxpayer funds to the left organization

05:07in Israel to oppose. Israeli Prime Minister Benjamin Netanyahu, what is your White House reaction?

05:12Well, it's not a surprise to me that the previous administration sent billions of dollars overseas

05:17for useless priorities that don't advance America's interests. We've seen a lot of that,

05:22which is why this administration has been very focused on clawing a lot of that money back

05:26and making sure the American government is spending American tax dollars on America's priorities.

05:31Thank you, guys. I'll see you later.

05:35Caroline Levitt does.

05:38So those were the remarks just yesterday from White House Press Secretary Caroline Levitt there,

05:43discussing several initiatives brought forth by the Trump administration, including some of those

05:48immigration raids that are happening across the country, and the latest regarding those global

05:52conflicts. We are taking a live look at the White House 733 here on the East Coast, 433 over on the West

05:58Coast. We'll be right back.

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