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NewsTranscript
00:00Thank you very much. It's a beautiful Sunday in Scotland. And we thought we could cut things short by and certainly travel distance by having our meeting here. So we discuss options. And I just it's an honor to have the president of the European Union with us.
00:21Ursula has been really done a terrific job for them, not for us, but she's done a great job. And she's highly respected by us also. And we look forward to talking to see if we can do something. We've had a very good relationship over the years, but it's been a very one sided transaction, very unfair to the United States.
00:46And I think both sides want to see a bit fairness, but it's been a very, very one sided deal that it shouldn't be. And so we're here with her very brilliant staff and hopefully we'll resolve a few issues.
01:01But it's a great honor. You know, we just built this ballroom and we're building a great ballroom at the White House. The White House has wanted a ballroom for 150 years, but they never had a real estate person.
01:12And, you know, nobody, no president knew how to build a ballroom. But this just opened, you know, relatively short time ago and it's been quite the success.
01:20And I think I was just saying I could take this one, drop it right down there and it would be beautiful. This is exactly what they've wanted.
01:27But it's an honor to have you at the new ballroom at Turnberry. And thank you very much. Thank you.
01:33Thank you very much, Mr. President. Thank you very much for inviting me here. Indeed, it is today about trade between the European Union and the United States.
01:46We're together the two largest economies worldwide. Right.
01:50If you look at the trade volume, it's the biggest trade volume globally with $1.7 trillion among us.
01:59And if you look at our markets, it's a huge market, 800 million people, if you take the United States and the European Union.
02:07So I'm very much looking forward to the discussions we will have now.
02:11Our staff have done some of the heavy lifting, but now it's on us.
02:18And you're known as a tough negotiator and dealmaker.
02:24But fair.
02:25And fair.
02:26And what is in front of us.
02:28That's less important.
02:29If we are successful, I think it would be the biggest deal each of us has ever struck.
02:34So I'm very much looking forward to it.
02:36Ever struck by anybody. That's true.
02:38That's true. Right now we have that that honor goes to Japan.
02:42We just struck a deal with Japan, as you know, and we're very close to a deal with China.
02:47We really sort of made a deal with China, but see how that goes.
02:51And we have numerous other deals.
02:53And mostly I'm just going to charge tariffs.
02:56And, you know, there's not a deal per se, but people are going to pay tariffs.
02:59And we're doing them at the low end, not the high end, because we don't want to hurt anybody.
03:03And pretty well, but you and I both figured this is this is really the biggest trading partnership in the world.
03:11So we should give it a shot. Right.
03:14Very much looking forward to that.
03:16Thank you very much. I do, too.
03:18Any questions, please?
03:20Mr. President, on Friday, you put the chances of a deal at 50 percent, maybe next.
03:24It seems like you're in quite a good mood.
03:26How would you rate those chances now?
03:28I'm actually not in a good mood, but I will tell you, I think the chances are, yeah,
03:35I think Ursula would say probably 50-50 of making a deal.
03:39I hope I'd like to make a deal.
03:41I think it's good for both.
03:43But, yeah, I'd say 50-50.
03:44And what would you say the main sticking points are?
03:48We have three or four sticking points.
03:50I'd rather not get in.
03:50We'll be discussing them.
03:52But I think the main sticking point is fairness.
03:56Please.
03:57Is that why you're in a bad mood?
03:58Was it a bad morning golf or why you're not in a good mood?
04:02No, the golf was beautiful.
04:05Golf can never be bad.
04:06Even if you play badly, it's still good.
04:09If you had a bad day on the golf course, it's OK.
04:12It's better than other days.
04:15But, no, I think I look forward to this meeting.
04:19You know, we've had a hard time with trade with Europe.
04:24Very hard time.
04:26And I'd like to see it resolved.
04:29But if it isn't, we'll, you know, have tariffs.
04:32They'll do what they have to do.
04:33But we have a good chance of getting it resolved.
04:35We'll probably know in about an hour.
04:38Shouldn't take that long.
04:39It's, you know, it's complicated, but not really complicated when you get right down to it.
04:43Right.
04:46No, no.
04:48The August 1st is there for everyone.
04:51The deals all start on August 1st.
04:53Most of the deals, other than steel and aluminum, which we've been getting 50% tariffs from, I guess, just about everybody.
05:01And those have come in and we've taken in, you know, hundreds of billions of dollars just on steel and aluminum.
05:08You've seen the numbers.
05:10We had a tremendous amount of money coming over the last month.
05:14And it's coming in, you know, very rapidly, which is fair.
05:18We have a lot of steel mills and plants, aluminum mills and plants being built.
05:23We have a lot of AI being built.
05:24And we have a lot of auto plants being built or going to be built because they don't want to pay tariffs.
05:30So, you know, if they don't want to pay tariffs, the best way to do it is just build your plant in the United States.
05:36Yes, please.
05:36Sir, what do you expect from the Europeans in terms of opening their markets to American products?
05:43Well, they have to open up to American products.
05:45You know, we're open to European products.
05:47And we have been for forever.
05:49I don't think we have.
05:50We just about don't have any.
05:52I don't think we have any product we say you can't sell.
05:54I guess you could get a little bit cute with chips.
05:57But that's, you know, a little bit different category, too.
06:01Now, you know, Europe is very closed.
06:04We don't sell cars into Europe.
06:06We don't sell essentially agriculture of any great degree.
06:10They want to have their farmers do it and they want to have their car companies do it.
06:14I'm just I'm not saying anything that nobody knows that we have a rough situation.
06:20If we want to sell cars in Europe, we're not allowed to.
06:23And as you know, they sell millions and millions of cars, Mercedes, BMW, so many different Volkswagen,
06:31so many different cars and so many millions of cars.
06:36I would imagine, number one, I didn't look at that, but I would imagine number one by far more so than even Japan.
06:42Japan sells a lot of cars, too.
06:44But the Japan deal worked out very favorably, you know, very good.
06:47I think I hope for them, too.
06:48And that's what we want to do.
06:52Make everybody happy.
06:53Yes, please.
06:54Mr. President, should Israel be doing more to allow food into Gaza?
06:58Say it.
06:58Should Israel be doing more to allow food into Gaza?
07:02What did you say?
07:03Should Israel be doing more to allow food into Gaza?
07:07Well, you know, we gave $60 million two weeks ago, and nobody even acknowledged it for food.
07:17And it's terrible.
07:19You know, you really at least want to have somebody say thank you.
07:22No other country gave anything.
07:24We gave $60 million two weeks ago for food for Gaza.
07:29And nobody acknowledged it.
07:32Nobody talks about it.
07:34And it makes you feel a little bad when you do that and, you know, have other countries not giving anything.
07:41None of the European countries, by the way, gave.
07:43I mean, nobody gave but us.
07:46And nobody said, gee, thank you very much.
07:48And it would be nice to have at least a thank you.
07:50And I took a lot of heat.
07:51You know, when I do that, a lot of people aren't happy about that because they say, well, why are we doing it and nobody else?
07:58But I think we had a humanitarian reason for doing it.
08:02What's going to happen?
08:03I don't know.
08:04I can tell you that Hamas, as I said, would happen at the end.
08:09You know, we've gotten back a lot of hostages, a tremendous number of hostages, most of them.
08:15Now we have dead hostages and the mothers want them back.
08:19And we have 20 people approximately that are living.
08:23But we have a lot of bodies and the parents want those bodies as much as they would want their child if that child were alive.
08:32I was I met with parents that were it was so sad.
08:37Sir, please get my son back.
08:39How is your son doing?
08:41Well, he's dead, but they have his body.
08:43And it's so important.
08:45It's more important.
08:46It's almost like more.
08:47But it's as important as if the child were living.
08:50These people were I mean, they're devastated.
08:54And I said, when you get it down to a certain number, you're going to be able to make a deal with Hamas because once they give them up, then they feel that that's going to be the end of them.
09:07And what I said is exactly true.
09:09You know, they had a routine discussion the other day and all of a sudden they hardened up.
09:13They don't want to give them back.
09:14And so Israel is going to have to make a decision.
09:20I know what I do, but I don't think it's appropriate that I say.
09:23But Israel is going to have to make a decision.
09:26Mr. President, when you were in the Middle East, you talked about the images coming out of Gaza and starving kids.
09:33Those images are still going.
09:34Many of them are much worse.
09:36Thinner children, starving.
09:38What do you see or feel when you look at those images?
09:41Well, it's terrible.
09:42You know, when I see the children and when I see especially over the last couple of weeks and people are stealing the food, they're stealing the money, they're stealing the money for the food, they're stealing weapons, they're stealing everything.
09:55It's a mess.
09:56That whole place is a mess.
09:59The Gaza Strip, you know, was given many years ago so that they could have peace.
10:05That didn't work out too well.
10:07Well, when Israel gave that up, whoever was the prime minister at the time, who I know who it was, but it was not exactly a very clever thing to do because that was given so that they finally have peace.
10:22And it's actually made the situation worse.
10:24But we'll see what happens.
10:26I think Iran is acting up.
10:29I think that we have a lot of people like we have Venezuela acting up in a different way.
10:34They're sending they continue to send people that we rebuff to our border.
10:39They can continue to send drugs into our country.
10:41Venezuela, they've been very nasty.
10:45And we can't let that happen.
10:47But we and we have other countries, too.
10:50We do have and this is just getting a little off subject, but we have now the safest border we've ever had.
10:56And I think in many respects, we probably have the most successful.
10:59And I say it all the time.
11:01Every leader, when I went to NATO the other day, every leader said, you have the hottest country in the world.
11:07We have the hottest country in the world.
11:09We're taking in hundreds of billions of dollars.
11:12We have the highest stock market we've ever had.
11:16We have the best numbers we've ever had, but we have hundreds of billions of dollars pouring into our country.
11:22And I think it's the hottest.
11:24And by the way, one year ago, our country was dead.
11:29We had a dead country because of an incompetent president and incompetent Democrats.
11:34All they know how to do is talk and think about conspiracy theories and nonsense.
11:39If they'd waste their time talking about America being great again, it would be so much nicer, so much easier.
11:46Be very successful.
11:48But we were a dead country and now we have the hottest country anywhere in the world.
11:52Yeah.
11:52Any other questions?
11:53President Trump, on this particular deal, if you manage to do a deal today, will that be the end of the matter?
11:59Or could there be more tariffs coming, particularly on fire?
12:02No, if we do a deal today with the European Union, that will be the end of it.
12:07Yeah, we're not, won't, we'll go, I guess, a number of years at least before we have to even discuss it again.
12:13No, that would be the end of it.
12:15And this is the biggest deal.
12:16People don't realize this is bigger than any other deal.
12:20We have great countries, great countries.
12:24I'm familiar with many of them.
12:26So are you.
12:28And this is really the biggest deal.
12:30This is the, I guess, we're the biggest out there and they're the second.
12:34And when we come together, this will be the biggest deal.
12:37If that happens, then it could happen.
12:39Should happen.
12:40Okay?
12:42Will pharmaceuticals be part of today's deal?
12:44No, it won't.
12:45And pharmaceuticals will be, I mean, could be, we'll do something.
12:48But basically, pharmaceuticals won't be part of it because we have to have them built, made in the United States.
12:56And we want them made in the United States.
12:58And I think it's easy to say, and I think it's important to say, pharmaceuticals are very special.
13:04We can't be in a position where we don't have, where we're relying on other countries.
13:08Now, Europe is going to make pharmaceuticals, drugs, and everything else for us, too, a lot.
13:12But we're going to have also our own.
13:15A question for President Mondeley, please.
13:17Yes.
13:17Can you give your assessment of what you feel the chances are a deal?
13:21The President just talked about a 50-50 chance and the biggest obstacle being fairness.
13:25What would you say are those things for you?
13:27I think the President is right.
13:29We have a 50% to 50% chance to strike a deal.
13:33And indeed, it is about rebalancing.
13:36So you can call it fairness.
13:37You can call it rebalancing.
13:39We have a surplus.
13:41The United States has a deficit, and we have to rebalance it.
13:44We have an excellent trade relation.
13:45It's a huge volume of trade that we have together.
13:49So we will make it more sustainable.
13:52Mr. Trump, can you do better than a 15% tariff rate for the EU?
13:57Better meaning lower?
13:58Yeah.
13:59No.
14:00Mr. President, to return to Gaza, you're going to meet the British Prime Minister tomorrow.
14:03He's going to ask you to consider, again, the peace talks being Israel and Hamas.
14:07Are you now saying there's no point in trying to respond?
14:10Well, we're meeting about a lot of things.
14:11We have our trade deal, and it's been a great deal.
14:14It's good for them and good for us, I think.
14:19You know, the UK is very happy.
14:21They've been trying for 12 years to get it, and they got it.
14:24And it's a great trade deal for both.
14:26It works out very well.
14:27But we are discussing, we'll be discussing that.
14:29I think we're going to be discussing a lot about Israel.
14:33They're very much involved in terms of wanting something to happen.
14:37He's doing a very good job, by the way.
14:38I talked to him, yeah, I did.
14:46I talked to him about a lot of things.
14:49I talked to him about Iran.
14:51I think Iran's been very nasty with their words, with their mouth.
14:56I think they've been very nasty.
15:01They got the hell knocked out of them, and they, I don't think they know it.
15:05You know, I actually don't think they know it.
15:06They really do.
15:07The whole thing's a con job.
15:09We have a lot of con jobs going on.
15:11But Iran was beaten up very badly, for good reason.
15:20We cannot have them have a nuclear weapon.
15:23But they still talk about enrichment.
15:24I mean, who would do that?
15:25You just come out of something that's so bad, and they talk about,
15:29we want to continue enrichment.
15:31Who would say that?
15:32How stupid can you be to say that?
15:34So we're not going to allow that to happen.
15:36We're not allowing that to happen.
15:38Did you talk about more aid into Gaza?
15:41Will I do more aid?
15:43Yeah.
15:43The U.S.
15:44The U.S. is going to do more aid for Gaza.
15:46But we'd like to have other countries participate.
15:49We're going to mention that to the European Union today.
15:52You know, that's an international problem.
15:56It's not a U.S. problem.
15:57It's an international problem.
15:59And we're giving a lot of money and a lot of food and a lot of everything.
16:02If we weren't there, I think people would have starved, frankly.
16:06They would have starved.
16:07And it's not like they're eating well.
16:10But a lot of that food is getting stolen by Hamas.
16:14You know, they're stealing the food.
16:16They're stealing a lot of things.
16:18You ship it in, and they steal it.
16:20Then they sell it.
16:21Well, I'd let you respond to that, if you'd like.
16:33So, we have been working intensively on the topic of regular migration.
16:38And we have, from the very beginning, said that migration is a European challenge that
16:45needs a European answer.
16:46As Europeans, we will fulfill our international obligations, as we've done in the past, also
16:53in the future.
16:54But we, as Europeans, are the ones who decide who comes to the European Union and under what
17:00circumstances, and not the smugglers and traffickers.
17:03That's the principle in which we are working.
17:06That's right.
17:07I will say this.
17:08You know, they did ask me when I got off the plane.
17:12Immigration Europe has a tremendous problem, and we do too.
17:16But we've sealed our borders.
17:18We have nobody coming in, and we have hundreds of thousands of people being taken out, and
17:23the bad ones first.
17:24And I think we're doing a very good job of that.
17:26But we had, I mean, it literally registered zero people last month.
17:30You probably saw that.
17:31Nobody.
17:33And Europe has a very similar problem.
17:38I think they're going to end up in the same place.
17:40You might as well go there quicker.
17:41And the other thing I say to Europe, we will not allow a windmill to be built in the United
17:47States.
17:48They're killing us.
17:48They're killing the beauty of our scenery, our valleys, our beautiful plains.
17:55And I'm not talking about airplanes.
17:56I'm talking about beautiful plains, beautiful areas in the United States.
18:01And you look up, and you see windmills all over the place.
18:04It's a horrible thing.
18:06It's the most expensive form of energy.
18:08It's no good.
18:09They're made in China, almost all of them.
18:13When they start to rust and rot in eight years, you can't really turn them off.
18:17You can't bury them.
18:18They won't let you bury the propellers, you know, the props, because there's a certain
18:23type of fiber that doesn't go well with the land.
18:25That's what they say.
18:26The environmentalists say you can't bury them because the fiber doesn't go well with the
18:30land.
18:31In other words, if you bury it, it will harm our soil.
18:35The whole thing is a con job.
18:37It's very expensive.
18:39And in all fairness, Germany tried it, and wind doesn't work.
18:43You need subsidy for wind, and energy should not need subsidy.
18:47With energy, you make money.
18:48You don't lose money.
18:50But more important than that is it ruins the landscape.
18:53It kills the birds.
18:54They're noisy.
18:55You know, you have a certain place in the Massachusetts area that over the last 20 years had one or
19:04two whales wash a shawl.
19:06And over the last short period of time, they had 18.
19:11Okay?
19:12Because it's driving them loco.
19:13It's driving them crazy.
19:15Now, windmills will not come.
19:17It's not going to happen in the United States.
19:19And it's very expensive.
19:21And I would love to see it.
19:22I mean, today I'm playing the best course, I think, in the world, Turnberry.
19:26Even though I own it, it's probably the best course in the world, right?
19:29And I look over the horizon, and I see nine windmills, like, right at the end of the 18th.
19:36I said, isn't that a shame?
19:38What a shame.
19:39You have the same thing all over, all over Europe in particular.
19:42You have windmills all over the place.
19:44Some of the countries are prohibited.
19:46But people ought to know that these windmills are very destructive.
19:52They're environmentally unsound.
19:54Just the exact opposite.
19:55Because the environmentalists, they're not really environmentalists.
19:59They're political hacks.
20:00They're, these are people that, they almost want to harm the country.
20:06But you look at these beautiful landscapes all over, all over the, you know, the world.
20:10Many countries have gotten smart.
20:12They will not allow it.
20:14They will not.
20:14It's the worst form of energy, the most expensive form of energy.
20:18But windmills should not be allowed.
20:21Okay.
20:22You spoke to leaders of both countries.
20:27I did.
20:27Are they doing enough to stop the time?
20:29I hope so.
20:30You're talking about Cambodia and Thailand?
20:33So I had an interesting time.
20:35We're dealing with Thailand, and we do a lot of trade with Thailand and with Cambodia.
20:39And yet, I'm reading that they're killing each other, you know, they're fighting, they're
20:44in a war.
20:45And I say, this should be an easy one for me, because I've settled with India and Pakistan
20:50and Serbia and Kosovo was going at it, you know, but they have for a long time, in all
20:54fairness.
20:55You know about that.
20:56And others, the Congo, and, you know, what's going on there.
21:04That's been a horrible thing with Rwanda.
21:08That's been a horrible thing.
21:0931 years, 7 million, 8 million people killed.
21:13Machetes, machetes all over the place.
21:16It's a terrible thing.
21:18We got that one solved, and we did five of them.
21:22And I was saying, you know, we have a trade deal.
21:25We were working on another.
21:26We finalized another trade deal yesterday.
21:28And I asked my people, I said, how are we doing with Cambodia and how are we doing with
21:34Thailand?
21:35And they say, they're going to be coming in at some point to talk.
21:38I said, well, let's call them right now.
21:40So I called the prime ministers of each.
21:42And I said, we're not going to make a trade deal unless you settle the war.
21:46A lot of people are killed.
21:47You know that in a short period of time, the border.
21:50They're fighting pretty like wild.
21:53And I spoke to both of the prime ministers.
21:56And I think by the time I got it off, I think they want to settle now.
21:59I know they're meeting today or tomorrow.
22:03And we're going to work with them.
22:05Marco Rubio is working with them also, his people and him.
22:08I think we're going to get that.
22:11That would be a great thing.
22:11But that would have turned out to be a bad one.
22:14And I will tell you, India and Pakistan, they were really getting ready to go at it.
22:21So getting those things settled, if I could do it, and if I can use trade to do that, it's,
22:25you know, it's my honor.
22:26But I had great talks with two very good people that they both really would like to make a deal.
22:33So we'll see what happens.
22:35Okay.
22:35How about one more, two more?
22:37Mr. President, you're now spending a lot more on defense, thanks to you.
22:40They are.
22:41Should they get a fairer deal on trade and exchange?
22:43Well, they're spending a lot on defense, but we're spending a lot more.
22:46And, you know, and we've been very generous to NATO for many, many years.
22:52And, no, but we had a terrific meeting with NATO.
22:56I'd love to do as well.
22:58We had a meeting where they put up 5% instead of 2%, and they're going to pay it instead of
23:04not paying.
23:05Because, as you know, many people didn't pay the 2% or anywhere near it, and the 2% was
23:09too low.
23:11And we're going to be sending now military equipment and other equipment to NATO, and
23:17they'll be doing what they want, but I guess it's for the most part working with Ukraine.
23:22But we had a fantastic meeting.
23:25I guess it's now almost four weeks ago.
23:28One of the best meetings they've ever had at NATO.
23:30And the spirit and the coming together was incredible.
23:33And I stood and I listened to almost 30 speeches.
23:39That was a lot.
23:40And I was really late, and I had to leave, but I didn't want to leave before those last
23:4510 spoke, because they'd go home and they'd tell their wife, Trump left.
23:50And they were so nice to the United States.
23:52They were all mentioning the United States, and me, but they were mentioning the United
23:56States to be here.
23:57It's such an honor, you know, et cetera.
23:58And I thought it would have been inappropriate, but I did stay.
24:01It was very hard, because I was extremely late for something else that was, you know,
24:05pretty important.
24:06And we had a tremendous NATO meeting.
24:10I'm sure you heard that, too.
24:12It was great.
24:14There's some great people that you deal with on two fronts, right?
24:18But you deal with on primarily the trade front.
24:20But I will tell you, they came together, and the relationship is really good.
24:26That was a great, an interesting question, because you probably have reported it that
24:30way.
24:32It really, we came together, and they went from 2% to 5%, which nobody would have thought
24:38that was even, who would even think that?
24:41Because they didn't want to be at 2%.
24:43All of a sudden, they're at 5%.
24:44And that's the right number.
24:48And so, it was a great honor.
24:50I got to know the heads of those countries really very well at that meeting almost a month
24:55ago.
24:55Okay?
24:56Thank you very much, everybody.
24:58We'll let you know what's happening.
25:00I will.
25:03I love Doonberg.
25:04I'll go.
25:05Not in this trip, but I'll go soon.
25:07Okay?
25:08Thank you very much.
25:11Thank you, Mr. President, and where we came from.
25:16Hello, I'm Jake Tapper in Washington with State of the Union, and you were just listening
25:20to President Trump live, speaking with European Commissioner, European Commission President
25:26Ursula von der Leyen, live from Scotland.
25:29We're days away from the President's self-imposed tariff deadline.
25:33You heard the leaders there talking about the big financial stakes involved here.
25:36This could be the biggest deal, trade deal ever.
25:39President Trump saying earlier today that he feels there's a 50-50 chance that they will
25:44be able to strike a deal, the United States and the European Union, this week.
25:48He also reiterated that the tariff rate will not go below 15 percent either way.
25:53The president also making some interesting comments on Gaza and the growing devastation
25:59there, the starvation crisis, saying the United States will continue to give more aid
26:02to Gaza.
26:03He added that it would be nice to get a thank you and that other countries should pitch in
26:08as well.
26:09CNN's chief national affairs correspondent Jeff Zeleny is in Scotland with the president.
26:14Jeff, what did you think were the big headlines?
26:16Look, I mean, the point of the meeting here, obviously several other questions led the president
26:25down a few different alleyways here.
26:28But the point of the meeting is the deadline is fast approaching for a trade deal with the
26:32European Union.
26:33That is why Ursula von der Leyen is at the Turnberry Golf Resort.
26:38So I thought her comments at the very beginning of this was certainly interesting, trying to
26:43flatter the president in some regards, saying that you're known as a tough negotiator and
26:48dealmaker.
26:48And he jumped in and said, and a fair one.
26:50So we will see what comes out of this meeting.
26:54If there is not a deal that is struck, a 30 percent across the board tariff is set to go
27:01into effect on Friday.
27:02Of course, we have seen tariffs come and go, threats come and go.
27:05So we will see about that.
27:07But he did say that 15 percent is as low as they would go and also said pharmaceuticals
27:12are not going to be a part of this.
27:14That is very important here because pharmaceuticals from the European nations are one of the leading
27:21imports into the U.S.
27:24So that certainly is important as they strike this deal.
27:26But on Gaza, absolutely, that is hanging over this meeting and certainly will be hanging over
27:31the president's meeting tomorrow with British Prime Minister Keir Starmer on Israel, saying
27:35specifically, Israel is going to have to make a decision here.
27:39So those are some of the headlines here as the president has been spending a couple of
27:42days now in Scotland, largely golfing, just coming off the golf course to have this meeting
27:47here today.
27:48But this is one of the biggest trade deals and their relationship certainly has not been
27:53that warm going into this meeting.
27:54It certainly looked fairly friendly today.
27:57We'll see what comes out of this meeting this afternoon, Jake.
28:01All right, Jeff Selany, thanks so much.
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