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    00:00:00
    Can you explain the disconnect between
    00:00:02
    your conversations with President Xi
    00:00:04
    when those potentially could happen and
    00:00:06
    why they haven't happened yet? Well, you
    00:00:09
    don't know whether or not they've
    00:00:10
    happened. That's my question. Yeah. I
    00:00:12
    mean, I've never said whether or not
    00:00:13
    they've happened, but uh I would say
    00:00:16
    they have reached out a number of times.
    00:00:19
    He or they. Well, the same I view it
    00:00:22
    very similar. It would be top levels of
    00:00:24
    China. You know that scene in a movie
    00:00:26
    where the guy who, you know, pays lip
    00:00:28
    service to all the girls he's allegedly
    00:00:30
    talking to or hooking up with, whatever,
    00:00:32
    is found out to be a complete fraud and
    00:00:35
    instead of admitting it, humiliates
    00:00:37
    himself even further. Well, I give you
    00:00:39
    Donald Trump on whether China are
    00:00:42
    returning his calls. I know we're going
    00:00:43
    to make a deal with everybody. So far,
    00:00:46
    no deals have been announced, right? The
    00:00:48
    grand hope, 90 deals in 90 days. That's
    00:00:50
    at least what we were hoping for. Well,
    00:00:52
    right now we're just hoping for some big
    00:00:54
    deals and is down to 83 days. If you
    00:00:57
    knew him, you would know that if they
    00:00:58
    reached out, he knew exactly. He knew
    00:01:00
    everything about it. He runs it very
    00:01:02
    tight, very strong, very smart. And uh
    00:01:06
    yeah, we're talking to China. So, they
    00:01:07
    reached out in recent days or recent
    00:01:09
    weeks. They've reached out since the
    00:01:13
    145% tariffs. Oh, yeah. Sure. Do you
    00:01:17
    believe it? A lot. All the time we're
    00:01:20
    talking. Have you talked directly to
    00:01:22
    President Chief? I don't want to say
    00:01:23
    that. It's just not appropriate.
    00:01:27
    Sorry. You know, this was one of many
    00:01:29
    moments today in which the current
    00:01:30
    president was just caught blatantly
    00:01:32
    lying freely like the internet doesn't
    00:01:34
    exist and you can't look up who is
    00:01:36
    president when thousands of people
    00:01:38
    needlessly died at the hands of a
    00:01:40
    pandemic which he woefully mismanaged
    00:01:43
    and deemed would just go away one day,
    00:01:45
    if not bleached away, of course. And I
    00:01:48
    had the most successful
    00:01:51
    uh I had the most successful 4-year
    00:01:53
    period in the history of this country.
    00:01:56
    And I think we're going to blow it away
    00:01:57
    this time. But there is a little bit of
    00:02:00
    a transition. And we're going to have
    00:02:02
    that little transition. And it's not
    00:02:04
    much of a transition. You know, if you
    00:02:06
    look right now, we're getting 25% on
    00:02:08
    cars, right? We're getting 25% on steel.
    00:02:11
    We're getting 25% on aluminum. Uh we're
    00:02:14
    going to have some other things that
    00:02:15
    we're going to be adding in the not too
    00:02:17
    distant future because we want them to
    00:02:19
    be made here. Uh the medicines, the
    00:02:22
    drugs, pharmaceuticals are going to be
    00:02:25
    done and
    00:02:26
    uh computer, computer chips, etc., etc.
    00:02:30
    And because of that, the focus of today
    00:02:32
    is on his tariff policy, a roll out of
    00:02:34
    which was deemed chaotic by Fox News of
    00:02:37
    all places. Were independent you that
    00:02:40
    change your perspective? No. Tariffs are
    00:02:42
    making us rich. We were uh losing a lot
    00:02:45
    of money under Biden, trillions of
    00:02:48
    dollars, trillions on trade. And now
    00:02:51
    that's that whole tide has turned where
    00:02:54
    But to your
    00:02:56
    point, Americans back the
    00:02:59
    concept of a a more level, fairer
    00:03:04
    trading field. But the execution of
    00:03:07
    this, and I wanted to ask Daniel about
    00:03:10
    this, the execution has
    00:03:13
    been a morass. It's been a absolute
    00:03:18
    chaotic mess so far. And the American
    00:03:21
    people really haven't felt the pain of
    00:03:24
    that yet. And is the pain based on
    00:03:27
    talking to CEOs of companies that need
    00:03:31
    these imports? Is the pain layoffs?
    00:03:34
    Because that's what I'm hearing that pe
    00:03:37
    that people are putting together layoff
    00:03:39
    plans. Absolutely. I see it. I hear
    00:03:42
    about it and even as a CEO of a company,
    00:03:44
    we're thinking about it right now. We
    00:03:46
    don't know what's going to happen
    00:03:47
    because the the the game keeps changing
    00:03:50
    and and despite Trump's promises has
    00:03:52
    only saw a small return in comparison to
    00:03:54
    the trillions it wiped out in market
    00:03:56
    value. The whole country is reeling
    00:03:58
    right now from the economic disaster
    00:04:00
    Trump has plunged us into. He destroyed
    00:04:04
    more than 10 trillion dollars in
    00:04:06
    American wealth in a single week. And
    00:04:08
    then he went golfing and bragged to
    00:04:10
    America about winning the tournament at
    00:04:12
    his own golf course. That's like
    00:04:14
    bragging about being endorsed by your
    00:04:17
    own campaign manager. So much winning
    00:04:20
    the country can hardly stand how much
    00:04:22
    winning Trump is doing for himself and
    00:04:24
    Elon Musk and his billionaire cabinet.
    00:04:26
    Perhaps he could have yelled four on the
    00:04:29
    greenway so tens of millions of
    00:04:30
    Americans could have taken our
    00:04:32
    retirement savings out of the stock
    00:04:34
    market before he hit us in the head with
    00:04:36
    a golf ball. However, in looking ahead
    00:04:38
    to perhaps mitigate the damage already
    00:04:40
    done, Trump was asked whether he was any
    00:04:43
    closer to a deal with China that could
    00:04:45
    perhaps ease the uncertainty we are
    00:04:47
    seeing in the market. And well, his
    00:04:49
    answer was nothing short of an absolute
    00:04:52
    word salad of nothingness as well as
    00:04:55
    clear denial that there is any
    00:04:57
    conversation going on. China on China,
    00:04:59
    Mr. President,
    00:05:01
    um you said in the past that you are
    00:05:04
    worried about allies growing closer to
    00:05:06
    China as a result of the tariffs and
    00:05:08
    this week you saw Chinese President Xi
    00:05:10
    visit with three of our allies. Should
    00:05:12
    you be worried? No, they're growing
    00:05:14
    closer. No. No.
    00:05:17
    I know we're going to make a deal with
    00:05:19
    everybody and if we don't make a deal,
    00:05:21
    we'll just set a target and we'll that
    00:05:23
    we'll live with that and it'll be fine.
    00:05:24
    How much time? How much time? I would I
    00:05:27
    would think over the next 3 or 4 weeks,
    00:05:29
    I think maybe the whole thing could be
    00:05:31
    concluded. You have to understand, we're
    00:05:34
    a big, if you think of us as a big,
    00:05:37
    beautiful department store before that
    00:05:39
    business was destroyed by the internet.
    00:05:41
    We're a big, beautiful store and
    00:05:44
    everybody wants a piece of that story.
    00:05:47
    Can you explain the disconnect between
    00:05:49
    your conversations with President G when
    00:05:51
    those potentially could happen and why
    00:05:53
    they haven't happened yet? Well, you
    00:05:56
    don't know whether or not they've
    00:05:57
    happened. That's a question. Yeah. I
    00:05:59
    mean, I've never said whether or not
    00:06:00
    that happened, but uh I have a very good
    00:06:03
    relationship with President Xi and I
    00:06:05
    think it's going to continue. And uh I
    00:06:08
    would say they have reached out a number
    00:06:11
    of times or they well the same I view it
    00:06:15
    very similar. It would be top levels of
    00:06:17
    China and if you knew him you would know
    00:06:19
    that if they reached out he knew exactly
    00:06:22
    he knew everything about he runs it very
    00:06:24
    tight, very strong, very smart. And uh
    00:06:28
    yeah, we're talking to China. So they've
    00:06:29
    reached out in recent days or recent
    00:06:31
    weeks. They've reached out since the
    00:06:34
    145%
    00:06:36
    tariffs. Oh yeah, sure. Do you
    00:06:39
    believe it? A lot. All the time we're
    00:06:41
    talking. Have you talked directly to the
    00:06:43
    president chief? I don't want to say
    00:06:45
    that. It's just not appropriate.
    00:06:49
    Sorry. And did anyone pick up on his
    00:06:51
    timeline here? We're now looking at
    00:06:53
    three or four weeks. Well, how much more
    00:06:56
    are prices set to skyrocket between now
    00:06:58
    and then? Um, the NASDAQ on your screen
    00:07:01
    is down more than 4%. Almost 700 points.
    00:07:05
    Um, we've become more accustomed of late
    00:07:09
    to seeing outsiz moves like this, which
    00:07:12
    are so not normal. You're not supposed
    00:07:14
    to get a 4% move in day on the NASDAQ
    00:07:17
    like like we're seeing here. What did
    00:07:19
    you take from from Pal? And I think it's
    00:07:21
    undeniable that the market is not
    00:07:23
    feeling good about what it heard. And
    00:07:24
    keep in mind, this is the man who said
    00:07:26
    that prices would go down day one. Not
    00:07:29
    3, 4, 6, 8 weeks, months, years from
    00:07:32
    now. Day one. So when I win, I will
    00:07:35
    immediately bring prices down. Starting
    00:07:37
    on day one, we will all happen very
    00:07:40
    quickly. This will rapidly drive prices
    00:07:42
    down, lower interest rates, and put more
    00:07:44
    money into the pockets of American
    00:07:47
    consumers. You remember when the economy
    00:07:49
    he inherited was booming despite
    00:07:51
    Republicans albeit somehow successfully
    00:07:54
    portraying it to the contrary? Well, now
    00:07:56
    they're actually getting the economy
    00:07:58
    they lied about having while Biden was
    00:08:00
    in office. And if they think they can
    00:08:02
    pass the buck backwards, well, people
    00:08:04
    aren't buying that either. According to
    00:08:06
    a recent YUGV poll, the American people
    00:08:08
    know exactly where the buck stops. I'll
    00:08:10
    give you a hint. It's not with the guy
    00:08:11
    outlining how much damage has been done
    00:08:13
    in the mere 100 days since he left
    00:08:16
    office. Fewer than 100 days this new
    00:08:20
    administration has made so much done so
    00:08:22
    much damage and so much destruction.
    00:08:24
    It's kind of breathtaking. It could
    00:08:26
    happen that soon. Of course, Joe Biden
    00:08:28
    was the last president. Donald Trump is
    00:08:30
    the current president. Donald Trump
    00:08:31
    wants to say, "Don't blame me if you're
    00:08:33
    upset with the state of the economy.
    00:08:35
    Blame the other guy. I don't think
    00:08:38
    Americans are buying what he's selling
    00:08:39
    at this particular point, at least
    00:08:41
    anymore." More responsible for the
    00:08:42
    economic state. They asked about
    00:08:43
    inflation back in March. Look at this.
    00:08:45
    38% said Joe Biden, 34% said Donald
    00:08:49
    Trump. But look at where we are this
    00:08:51
    month when they asked about the general
    00:08:52
    state of the economy. Look at how much
    00:08:54
    higher the Trump number is. 54%. The Joe
    00:08:57
    Biden percentage drops through the floor
    00:08:59
    at 21%. So this idea that Donald Trump
    00:09:03
    will try to sell to the American public,
    00:09:05
    is trying to sell the American public,
    00:09:07
    is that it's the other guy. It's not me.
    00:09:10
    It's that other guy, that old guy, Joe
    00:09:12
    Biden. No longer is this being the
    00:09:16
    American public is no longer buying this
    00:09:18
    set of arguments like they were back in
    00:09:20
    March. And of course, what is so
    00:09:22
    important here? We have had the tariff
    00:09:24
    war in the last month. That's what's
    00:09:26
    going on. I believe that a massive shift
    00:09:28
    is occurring because Americans are
    00:09:30
    seeing what's happening on their
    00:09:31
    television screens. They are seeing
    00:09:32
    what's happening in the stock market.
    00:09:33
    They're seeing what's happening in the
    00:09:34
    bond market. One day Donald Trump says
    00:09:36
    one thing about the tariff war, the next
    00:09:38
    day he says another thing. One day one
    00:09:40
    of his advisers says one thing, the next
    00:09:42
    day that same exact advisor says another
    00:09:43
    thing. And all of a sudden, Americans
    00:09:45
    are picking up on this. And this idea
    00:09:47
    that Donald Trump is trying to sell that
    00:09:48
    you can blame Joe Biden. Look at this
    00:09:50
    again. This percentage 54 to 21. A clear
    00:09:53
    majority now are blaming Donald Trump
    00:09:54
    for the state of the economy, not Joe
    00:09:57
    Biden. And listen, speaking directly to
    00:09:59
    you guys now, the mightest mighty, this
    00:10:01
    is why it is so important, right, to to
    00:10:04
    not get complacent, to call out every
    00:10:06
    lie, every promise that hasn't been kept
    00:10:08
    because we're seeing firsthand uh the
    00:10:11
    length that Trump and his cronies will
    00:10:13
    go to distort the truth to the point
    00:10:15
    that they're just telling their cult
    00:10:17
    leader that they won in court and just
    00:10:19
    running with it. And no Republican is
    00:10:20
    going to call it to attention either. I
    00:10:22
    mean, hell, this is why they're
    00:10:24
    admitting they're scared of reprieve.
    00:10:26
    What do you have to say to people who
    00:10:28
    are
    00:10:29
    afraid or who represent people who are
    00:10:33
    afraid? We are all
    00:10:41
    afraid. That's why I
    00:10:46
    say
    00:10:47
    but we are
    00:10:53
    um we're we're in a we're in a time in a
    00:10:56
    place where I don't know I I certainly
    00:10:59
    have not I have not been here before. Um
    00:11:03
    and I'll tell you I'm I'm
    00:11:07
    uh often times very anxious myself about
    00:11:12
    about using my voice
    00:11:16
    um because
    00:11:17
    retaliation is
    00:11:20
    real and that's not right.
    00:11:24
    They're not there to represent the
    00:11:26
    people that voted them in office.
    00:11:27
    They're there to appease Donald Trump.
    00:11:29
    And the thing is, people are waking up
    00:11:31
    to it. Republicans own constituents are
    00:11:33
    fed up with the spinelessness of those
    00:11:35
    they put in office and are calling them
    00:11:38
    out
    00:11:40
    for Salvador.
    00:11:46
    Why not? Because that's not that's not
    00:11:50
    power of Congress.
    00:11:56
    I'm alarmed.
    00:11:58
    We are experiencing a blatant violation
    00:12:02
    of America's system of checks and
    00:12:04
    balances.
    00:12:09
    [Applause]
    00:12:12
    [Music]
    00:12:13
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    [Music]

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