Pres. Trump makes announcement from the White House

[0:00] very rich loved ones, churches and generous companies [0:04] and individuals are all able to contribute funds [0:06] to these accounts to help get children off [0:09] to a strong start in life. [0:10] More than 70 companies have also committed [0:14] to Trump accounts and many for hundreds of millions of dollars, [0:19] including Uber, Intel, Nvidia, Steak and Shake, [0:23] many, many companies, too many to name. [0:26] I'm calling on all employees all across America [0:29] to follow their lead and make matching Trump account contributions. [0:33] It's a benefit for every American worker. [0:36] It's been incredible. [0:38] Before launching Trump accounts, [0:40] 38% of Americans did not own a stock, 38%. [0:45] Now every member of the next generation [0:47] will have an investment account [0:49] and will benefit from our booming economy. [0:52] If we started this, when I first came into office, [0:55] Michael, it would have been great [0:57] because the markets have gone from, [1:00] well, we're at an all-time high. [1:02] In fact, yesterday we hit another all-time high. [1:06] I think it's 84 times now. [1:07] We're at 84 times since a little bit more than a year and a half, [1:11] we had all-time high stock markets. [1:14] We should have started this two years ago. [1:17] If we started it two years ago, that would have been great. [1:20] But now every member of the next generation [1:22] will have an investment account [1:23] and will benefit from this great economy, [1:28] I guess the greatest economy we've ever had, definitely. [1:31] Since the election, U.S. stock markets have set all-time records. [1:35] And they're going, and records in many different fashions, [1:38] instead of American sharing in the misery of communism [1:43] or whatever it is that they're out there promoting, [1:45] which is, you know, I'm watching it all the time. [1:48] They're communists, but they say, [1:49] well, we're really not communists, really. [1:51] But their policies are that of a communist, socialist. [1:56] It won't work, and it's been proven over thousands of years [1:58] by different names it doesn't work. [2:01] I'd now like to ask Secretary Besant to say a few words, [2:04] explaining how the claim [2:06] and this incredible account works very quickly. [2:10] And then, Frank, I'll ask you to say a few words, [2:12] and Ted, Michael, and Susan, and Brad. [2:15] And we can go quickly because everyone knows [2:19] what's happening with the Trump accounts. [2:20] It's been written about so favorably. [2:23] It's been so successful, [2:25] and these beautiful young children are extremely rich. [2:28] They will, they are now, [2:29] and they will be in the future, extremely rich. [2:32] So they have something to look forward to. [2:33] But this has been a great, I think it's a passion of love. [2:37] It's something that we all love doing, [2:40] and we've done it well. [2:41] And it's far, I think we can say, Brad, [2:44] far greater than we ever had any dreams of, [2:46] because now we're talking about many, [2:48] many millions of people, young people. [2:50] Thank you very much. [2:52] Go ahead, please, Scott. [2:53] It's an honor to be here today. [2:55] And as we create the ownership account for every American family via the Trump accounts, [3:02] every family, every child deserves to have a piece of the American dream, [3:06] and these Trump accounts are just that. [3:08] Child born during President Trump's presidency. [3:12] Treasury will cede the accounts with $1,000. [3:15] For children 18 and under, we have great philanthropists like Susan, Michael, Brad, [3:21] and many, many others who are putting in substantial gifts that many corpora, [3:27] as the President said, many corporations, many foundations. [3:31] And we think that this is the beginning of the ownership society. [3:34] I was talking to these great young people earlier. [3:38] They already know about compounding. [3:39] They understand how the stock market works. [3:41] They are excited to do it. [3:43] I think this is going to be a real-time financial literacy project. [3:47] It is the culmination of a lot of hard work for a lot of people. [3:52] Senator Cruz, Brad, the Dells, the President, Frank and Kevin have been great partners. [4:01] And we are looking forward to administering this at Treasury [4:03] and to watch these accounts grow. [4:05] And by the way, I didn't introduce the man here, [4:07] the most important person. [4:09] He's been predicting this great economy. [4:12] I'm very – I apologize to you, Kevin. [4:14] I didn't introduce you. [4:15] I could say a couple of words before Frank. [4:17] Go ahead. [4:18] Mr. Sir, I just want to say that this is something that this team [4:23] and you prioritized from the beginning, [4:26] because these kids, we were just talking, [4:28] they were so excited about it, and to learn that each one of them [4:32] owns a share in one of the biggest 500 companies in America [4:36] means that they understand that, you know, [4:39] when the U.S. wins, they win, too. [4:42] And that's something that hasn't always been an obvious to our political opponent. [4:46] Thank you. [4:47] The President Biden, Mr. You're doing a great job, Kevin. [4:49] The President, Frank. [4:50] The President, Thank you, sir. [4:51] And thank you, President, for giving us the opportunity to serve here. [4:56] I'm blessed and honored with people who are around [5:00] who made this happen. [5:02] These are founders. [5:04] And right now, to give an American understanding of where we are, [5:08] as we speak, more than 10 million accounts out of 70 million [5:13] are already funded with $4.5 billion. [5:18] By this weekend, you will see that move to $7 billion [5:23] with more than 25 million. [5:26] That's 25 million American children who now have a piece of capitalism. [5:33] One of the groundbreaking startups of all time. [5:38] This is a startup that will have 70 million children in it, [5:44] all receiving money, right? [5:46] And we will communicate with every one of them, right? [5:50] We have access to every family in America, [5:53] and we will make sure they know the piece that they have of capitalism [5:58] that many would have never seen before without the great work [6:03] of the President, the great work of the Secretary. [6:07] My friend, for a super long time, and it's an unbelievable honor [6:11] to be here with Michael, Dale, and Susan, [6:14] who have founded this as seed money for this startup. [6:20] Brad is an innovator here. [6:23] Kevin driving it. [6:25] Senator Cruz. [6:26] But I think it's really important for people to understand [6:29] that every American child will hear from us [6:34] to ensure they see their account. [6:36] If you want to go look at it right now, [6:39] you could go to the App Store and see it there, right? [6:42] It is right now in the App Store outperforming everything. [6:48] This is President Trump's innovation at work, [6:53] fighting for American children as he always had, [6:57] and we're winning. [6:58] God bless, thank you. [6:59] The President Trump's innovation at work, [7:00] and I have to say that Frank took the biggest salary cut, [7:04] perhaps, of all time. [7:05] He ran one of the very big, great companies, [7:08] and he was paid like $35 million a year, [7:12] and now we're paying him $175,000 a year. [7:15] Would you say that's good, Peter? [7:17] It's good for you. [7:18] The President Trump's innovation at work, [7:19] but he wanted the job, you know why? [7:20] Because he loves the country. [7:21] But he may have, well, I don't know, [7:23] maybe there's somebody out there, [7:24] but to the best of my knowledge, [7:26] you took the biggest salary cut in history. [7:28] I thought I made more than $200,000. [7:29] Huh? [7:30] I thought I made more than $200,000. [7:31] Yeah. [7:33] I wanted to keep it below the $200,000. [7:35] A lot of people think $200,000 is a lot. [7:36] Oh, okay. [7:37] I wanted to keep it a little bit below. [7:40] Anyway, Ted, please. [7:42] Mr. President, congratulations. [7:44] This is unquestionably going to be one of the biggest parts [7:47] of your legacy as President. [7:49] And on July 4th, the Trump accounts were launched, [7:53] our nation's 250th birthday. [7:55] It's a big, big deal, and today is a massive day [8:00] that your administration is opening a personal investment [8:04] account for every single kid in America. [8:06] Over 70 million kids, every mom and dad out there. [8:09] Your child now has a personal investment account. [8:12] The Treasury Department has set up for you. [8:15] And that personal investment account, [8:17] if you have a newborn baby, $1,000 has already been invested [8:21] in that account that goes straight to the stock market. [8:24] And we also have incredibly generous philanthropists, [8:28] Michael and Susan, $6.25 billion. [8:32] They've given $250 to 25 million kids across America. [8:38] We have these kids here, 6th and 7th graders. [8:41] You guys now, each of you has an investment account, [8:45] and you're going to be owners. [8:46] You guys now own part of Apple. [8:48] You own part of Dell Computers. [8:51] You own part of McDonald's. [8:52] Next time you go order a Big Mac, you should walk in and say, [8:55] look, I own the place. [8:57] That is powerful. [8:58] And what's amazing is that you start investing. [9:01] And if you keep investing, and it grows, [9:05] and you leave it in there and keep investing, [9:06] and your family keeps investing, as you get older, [9:08] you will get hundreds of thousands. [9:10] And if you keep investing literally millions of dollars [9:14] in these accounts, you are owners, which is a big, big deal. [9:18] And I'll tell you what's cool. [9:20] Your administration designed the app. [9:23] It's a beautiful app you can download from the Trump account [9:26] store. [9:27] But it makes it really easy for anyone to contribute [9:30] to your account. [9:31] You have a little QR code that you can send your next [9:34] birthday party. [9:35] You know, your Aunt Susie might get you an ugly sweater. [9:39] And you might say to Aunt Susie, instead of the ugly sweater, [9:42] how about put 50 bucks in my Trump account? [9:45] And you can pull it up on your phone and look at it and see it [9:48] growing. [9:49] And we are creating a whole new generation of capitalists. [9:54] And I want to say your team, Scott and Frank and Kevin, [9:58] have done an extraordinary job bird-dogging this. [10:01] And today is an historic moment of legacy for every kid in [10:05] America. [10:07] You know, I wanted to ride with Social Security being fully [10:12] invested in the stock market in the first month of my first [10:17] year, so 2016. [10:19] And had we done that, Social Security would right now be [10:22] the richest entity anywhere in the world had we done that. [10:26] But I was met with tremendous criticism by the Democrats [10:31] and some Republicans because, you know, they felt it was [10:33] risky. [10:34] But had we done that, because literally, if you look back, [10:37] you'll see I wanted to do it so badly. [10:40] I just felt the country had such upward potential. [10:44] And we didn't do that. [10:45] Can you imagine if we did? [10:47] People wouldn't be talking about Social Security [10:49] difficulty, but it would have been great. [10:53] But what we're doing, in a way, is we're doing a version of [10:58] it with children, with young children. [11:00] And they're going to be riding the markets, and it's [11:03] going to be a great thing for them to watch. [11:05] So it's great. [11:06] Michael and Susan. [11:08] Michael and Susan. [11:09] Well, thank you, Mr. President. [11:10] Thank you very much for us to be back here in the White House. [11:12] You know, I started a company, Dell Technologies, with $1,000. [11:17] And in America, small beginnings can become extraordinary things. [11:22] And that's why we came here last year, and we committed to [11:27] children in America that we were going to contribute $6.25 [11:31] billion, $250 to 25 million Trump accounts for children in America. [11:40] And I'm very pleased to let you know today that we have funded 10 [11:46] million of those accounts as of this morning. [11:49] And by the end of this week, we will have funded 25 million of [11:52] those accounts, fulfilling the promise that we made to [11:55] American children late last year. [11:58] Now, $250 is just the beginning. [12:01] If you have a child under 18 with a social security number, [12:06] you should claim their account. [12:08] If you can add to the account, you should add to the account. [12:12] And you should teach your children about compounding, about [12:15] investing, and about the benefits of capitalism. [12:19] These children will grow up as owners. [12:22] They will also be the generation that creates the next great [12:27] companies and innovations in our country. [12:31] And now we have 25 million children as owners. [12:40] We've invested in their future, and we've invested in America's [12:43] future, and we are so excited to see what they build. [12:47] Thank you. [12:50] Over the past month, as our contribution has reached [12:54] millions of children's accounts, Michael and I have heard from so [13:00] many parents and kids and grandparents with these beautiful [13:06] letters that have truly moved us. [13:09] Children have told us that they want to become entrepreneurs. [13:14] They want to become nurses, doctors, engineers. [13:18] They want to build their own companies someday. [13:22] We've heard from parents and grandparents who shared what it [13:26] means to them to know that there's an investment in their [13:31] child's future. [13:33] These things are so wonderful and so important. [13:39] It's, you know, it's not just the money that matters. [13:43] That does matter. [13:45] But knowing that someone believes in you, in your future, that [13:50] matters just as much. [13:53] So to every child across the country, these accounts are for [13:59] you. [14:01] We believe in you. [14:04] And we want you to dream big because we know you can make [14:08] your dreams come true. [14:10] So parents and grandparents, please claim your child's [14:14] account. [14:15] These accounts are ready. [14:17] They're waiting for you, and they have money in them. [14:20] So claim your child's accounts and start adding money to their [14:25] accounts and preserving a wonderful future for them. [14:29] What a good job then. [14:31] Michael, is she thinking about running for office? [14:35] No. [14:36] Because I'll endorse her immediately. [14:38] She has my complete and total endorsement. [14:41] Good job. [14:42] Thank you both. [14:43] Appreciate it very much. [14:44] Brad, please. [14:45] Well, sir, what an extraordinary day for the country. [14:49] I don't think it's an overstatement to say that this is [14:51] the biggest transformation in the social contract and the [14:55] social fabric of America for these kids since 1935 when [15:00] Social Security was passed. [15:02] Every single child in this country forevermore, not for the [15:07] next four years, forevermore, will start off life with an [15:10] investment account, and they are going to compound as [15:13] shareholders in the upside of America. [15:16] Every Republican district in the country. [15:19] Every Democrat district in the country. [15:21] Every state, city block, rural road. [15:24] I grew up in rural Indiana. [15:26] Every one of those kids who felt left out and left behind by the [15:30] prosperity of America. [15:32] You said to us, sir, the Main Street agenda is we have to get [15:35] everybody into the game to share in the upside of the country. [15:39] They said it couldn't be done. [15:41] You can't possibly create 70 million accounts automatically for [15:45] every child in the country. [15:47] We persevered, and today is the day we mark the celebration. [15:51] 70 million accounts, and by the end of this week, over 25 million [15:56] accounts funded. [15:57] $250 and all that money compounding in the upside of the country and [16:03] the S&P 500. [16:04] And it's not just that. [16:07] Moms and dads are going wild with these QR codes. [16:10] We have hundreds of millions of dollars, $10, $5, $50 at a time being [16:16] contributed into these accounts. [16:17] And when the money goes in on a Monday, by Tuesday it's invested in the S&P 500, [16:22] compounding in the upside of America. [16:24] We have so many companies that want to participate, it's hard to keep up. [16:27] Not just the largest companies in America. [16:30] I'm talking realtors and restaurants, landscapers and contractors. [16:34] They want to adopt their little leagues, their schools, the Boys and Girls Club, [16:38] like we did in Philly or Newark. [16:40] Everybody wants to get involved in helping these kids compound into the next generation. [16:45] Then, of course, philanthropists. [16:47] And Michael and Susan set the bar for what it means to give back in this country. [16:53] No foundation in the middle taking a scrape, a one-page donor agreement. [16:58] You wire your money to the Treasury of the United States and they send it out to all the [17:01] kids. [17:02] And the list of philanthropists who want to adopt zip codes across America, in Texas, [17:07] in Indiana, in California, is extraordinarily long adopting cities and zip codes. [17:13] Today is the day. [17:15] Every child, forevermore, will be a shareholder in this country. [17:18] It would not have happened without your leadership, so thank you very much. [17:21] Thank you all. [17:22] It's a great honor. [17:23] It's a great honor. [17:24] Do you have coins yet? [17:25] Did you get a coin? [17:27] Come on over here. [17:28] Come on over here. [17:29] This is what everybody wants. [17:31] They want this. [17:32] Unless you don't want it. [17:33] Would you like that? [17:34] Collector's item. [17:35] Would you like it? [17:36] Okay. [17:37] Take a pen. [17:38] Thank you so much. [17:39] All right. [17:40] Thank you so much. [17:41] Such a gentleman. [17:42] Come on over here. [17:43] How do you like that? [17:44] You know what that is? [17:45] An eagle. [17:46] You okay? [17:47] You take that, too. [17:49] We'll make sure you all get it. [17:50] Come on over here, everybody. [17:51] Come on over here. [17:52] I think it's great, right? [17:53] Come on over, whoever didn't get it. [17:54] Enjoy it. [17:55] Come on over. [17:56] Nice to see you. [17:57] It's good, right? [17:58] It's a nice one, right? [17:59] Even the grown-ups there back there, they want Frank and say, where is my coin? [18:08] You got a couple. [18:10] You got a couple of them. [18:12] You got a couple of them. [18:15] It's a good one. [18:19] It's a nice one. [18:22] It's a nice one, right? [18:23] Even the grown-ups there back there, they want Frank and said, where is my coin? [18:24] You got a couple of them. [18:25] You got a couple of them. [18:26] Another day. [18:27] You got a couple of them. [18:28] Another day, another coin. [18:29] Here you go. [18:30] Here you go. [18:31] Okay? [18:32] Anybody didn't get? [18:33] You got them? [18:35] Okay, that's great. [18:36] Thank you all very much. [18:37] You stand up for them. [18:38] Stay there. [18:39] You're so good-looking. [18:40] Stay there. [18:41] The press will, they can admire you. [18:42] It's the way they used to look. [18:44] The Press is right. [18:45] The Press is right. [18:46] The Press is right. [18:47] The Press is right. [18:48] Congratulations on setting these kids, like these, up in the future. [18:49] And I would love to ask them a question, but I wanted to ask you a serious one first. [18:52] I'm sorry you kids have to listen to this. [18:54] But President Trump, do you have further comments on Merrick Garland's FBI tracking of First [18:58] Leading Melania and your then-minor son, Barron, as well as Suzy Wiles? [19:02] Yeah. [19:03] What does that say about the DOJ under Biden? [19:05] And Merrick Garland? [19:06] Terrible. [19:07] Nobody has ever seen anything like it. [19:08] It was weaponization of government. [19:09] I thank you for the question, actually. [19:12] a disgrace, Garland and that whole group of thugs [19:16] that preceded us. [19:17] The weaponized government, they were tracking my wife, [19:21] my son, who's a minor, a very young minor, [19:25] and a very good person. [19:28] Nobody has ever said anything like it. [19:30] They did the raid on Mar-a-Lago. [19:33] They did things to people that were associated with us [19:37] that nobody should have been able to do. [19:40] And it all came out just recently in the files. [19:43] And it's great that it came out. [19:45] But so now people understand what we went through. [19:49] These were bad people. [19:51] These were bad, sick people, actually. [19:53] Very sick people. [19:55] Deranged Jack Smith, he's a sick guy. [19:57] He lied before Congress. [19:59] He lied all over the place. [20:00] His whole life is a lie. [20:02] And so many others, they were just a very bad, [20:05] it's a very bad group of people. [20:06] And they were being led by a man that didn't lead. [20:09] He didn't know what was, he didn't know. [20:11] He possibly didn't know what was going on. [20:13] I think he did. [20:14] I think he had a mean streak. [20:15] But not smart, but mean. [20:18] So it's a shame. [20:20] Thank you for the question. [20:21] But it's a shame. [20:23] President Trump, is the plague in Russia a bioweapon? [20:27] Well, we don't think so. [20:28] We're going to find out soon enough. [20:29] But we don't think so. [20:31] And if you listen to them, it's under control. [20:35] You know, people have said that before about other things. [20:38] So we hope it is very sophisticated, very smart. [20:42] And they're saying it's very much under control. [20:45] So we hope not, Peter. [20:47] We've heard this before, a couple of years ago, [20:50] during your first term. [20:51] Are you getting the same vibe? [20:52] I've heard the times before and many different things. [20:54] Are you getting the same vibe right now from Russia [20:56] that you got from China at the start of COVID? [20:59] Well, China didn't say much. [21:00] And Russia's not saying much either. [21:01] But they do say they have it very much under control. [21:04] So now with nearly 70 million accounts created, [21:11] how do you expect this to impact Americans' perception [21:14] of an involvement in capitalism? [21:16] And also, do you expect it to diminish the appeal [21:18] of socialist policies, especially in our children's generation? [21:21] What a nice question and what a good question. [21:24] I think it's going to be fantastic. [21:25] Nobody's ever seen these young children. [21:29] They are children. [21:30] I guess I can use that term young to be careful. [21:32] Sometimes you call somebody a child who's about six months [21:35] too old to be called, and you suffer the wrath of the press. [21:39] But these young, beautiful children, [21:41] they're going to be watching their accounts. [21:42] They're going to be seeing what's going on. [21:43] They're going to be, as Senator Cruz said, [21:46] they'll be eating a McDonald's hamburger. [21:48] They say, I own a part of this. [21:50] I want good service. [21:51] I own a part of this company. [21:52] But I think it's great, and I think it does have an impact. [21:58] There are those that say this is one of the most important things [22:00] that I will have done, that this administration, [22:02] with these incredible people, will have done. [22:06] We've done some amazing things, but this is really something [22:10] we're very proud of. [22:11] And yeah, I mean, it should really, long term, [22:13] I think it'll have a huge effect on exactly what you said, [22:17] socialism, communism. [22:19] This is really the alternative, and it's a great alternative. [22:21] And just a follow-up for Mr. and Mrs. Dollop. [22:24] You're fine with that. [22:25] Yes, please. [22:26] So first of all, thank you for the $250 on behalf of our 10-month-old. [22:30] So can you talk to us about what personally motivated you [22:33] in the first place to work with the Trump administration, [22:35] and what's your message to other entrepreneurs and philanthropists [22:38] who might be considering whether they should put their wealth [22:41] into these Trump accounts for our children? [22:43] Well, you know, Brad called me in 2021 and told me about this idea. [22:49] I talked to Susan about it. [22:50] We immediately thought it was a fabulous idea. [22:53] And to be clear, it's not a red idea or a blue idea, [22:57] or, you know, it's a red, white, and blue idea. [22:59] And what we believe is that the most important investment you can make is in children. [23:05] And that's why we set up a foundation focused on children back in 1999. [23:11] And when we heard about this idea, we thought, wow, this would be not only great for newborns, [23:17] but it would be a platform for families and employers and philanthropists [23:25] to immediately and directly impact the futures for these children. [23:31] And Brad and I and Susan, we've had many discussions with other philanthropists. [23:38] I think there will be a number of additional announcements coming in the weeks and months to come. [23:43] And, you know, ultimately we couldn't be more excited about what this will become over time [23:50] as children start to understand the power of compounding [23:54] and what all of this means for their futures. [23:59] I just want to add, I think that this is clearly the most important, [24:04] impactful initiative that America's children in America really has ever known. [24:13] I mean, this is going to affect everyone's lives, not just children's lives, [24:16] but parents and grandparents who worry about these children [24:20] and work hard to take care of these children. [24:22] So this is something that's going to touch everyone. [24:25] Mr. President, Mr. President, Mr. President, Mr. President, Mr. President, Mr. President, Mr. President, Mr. President. [24:29] After this week's leak recordings from Ken Paxton, do you have any regrets about endorsing his campaign? [24:34] No, no, no, not at all. He was a great Attorney General. [24:38] I think he'll be a great Senator. [24:40] Ken Paxton was great. [24:42] He was considered the best or certainly one of the few best, [24:45] but the best Attorney General of the whole country. [24:49] And no, I would have no regrets at all. [24:52] Mr. President, Mr. President, Mr. President, Mr. President, Mr. President, [24:55] Mr. President, Mr. President, about their potential conflicts of interest or some of their answers. [24:59] Well, they don't have a conflict because they're independent people. [25:02] They don't work for me. [25:04] They are consultants and they, I assume they have a lot of clients, [25:08] so I don't know who their clients are. [25:10] If I thought they had a conflict with here, [25:13] I would terminate. [25:15] But all they are is consultants. [25:16] They're, you know, they don't work in the White House. [25:20] They're not sitting around a cabinet table [25:23] or anything like that. [25:24] They're consultants, and I'm sure they have other clients. [25:27] I'm sure they have many clients. [25:29] But that would be true with everybody in Washington. [25:31] The Pressure will you ask for that client list? [25:32] The President's question. [25:34] Mr. President, thank you. [25:37] Mr. President, we've been seeing chaos play out in France. [25:40] You posted online what's happening in France [25:42] is out-of-control mass migration. [25:44] Could that happen here in the United States? [25:47] The President, well, we stopped it. [25:48] We had the worst, you could call it, migration. [25:52] But we had 25 million people pour into our country illegally. [25:56] They should not have been allowed. [25:58] And they were from places you don't want to know about, [26:01] and they committed, many of them, very, very bad crimes. [26:05] There were drug dealers. [26:06] There were many prisons released into our country. [26:10] Where countries like Venezuela and others [26:13] would release 100 percent of their prisoners, [26:16] and they'd bus them over to our border, [26:19] and they'd just walk into our country. [26:21] This is what we had. [26:22] 25 million. [26:23] We've gotten most of them out. [26:24] We've gotten the bad one. [26:25] The worst of the worst, as we call them. [26:27] We've gotten them out. [26:28] But that was a terrible thing. [26:29] It was that something like that could be allowed to happen. [26:33] And now we have a totally ... [26:36] We went from the worst border in the country's history [26:38] to the best. [26:39] We've had, as you know, the people that make the list [26:41] are bureaucrat people. [26:42] I don't know, they're Democrats, Republicans. [26:44] But for the last 17 months, zero people have crossed the border. [26:50] Now, it's almost impossible to believe, [26:53] but we've had zero people illegally coming in to our country [26:57] from the border. [26:58] So we went from the worst border in the history, [27:00] I think, of the world. [27:02] I don't think there's any country. [27:03] Third world country, I don't care, [27:05] where 25 million people could cross. [27:08] But we had 25 million people come in, [27:10] and now we have nobody coming in, [27:11] except if they come in legally. [27:13] They do come in legally. [27:14] They have to go and take tests and all that. [27:16] They have to show they can love our country. [27:18] But you see the numbers, they come out. [27:21] We just had the next, last month, and it was zero. [27:24] So it's 17 months in a row, zero. [27:27] The caravans are no longer. [27:30] We had caravans of people, 25,000, 30,000 people in a caravan [27:34] coming up from various South American countries. [27:38] But it was really from the world. [27:39] It just formed, and they'd walk right into our country. [27:43] And we didn't know if they were good or they were bad. [27:45] Many were very bad. [27:46] Yep. [27:47] The Pressure President, [27:48] a hurricane is forecast to hit the Gulf Coast this weekend. [27:50] Are you still planning to visit Alabama [27:51] and go to the football game on Saturday? [27:55] The President Biden's head of a hurricane and football. [27:58] I love Alabama. [27:59] I got to go to a game. [28:00] I can't be off in the yard. [28:02] Look, I mean, if there's an emergency, [28:04] if there's a hurricane, I don't want to do anything [28:06] to take the focus of all of the great people [28:10] that work on those things. [28:11] You know, they have some tremendously great people. [28:15] I don't want to take the focus off. [28:17] But so we'll have to see. [28:18] I hadn't heard about a hurricane. [28:19] A hurricane is going in the vicinity of Alabama? [28:23] That's not good. [28:25] Certainly, I'm going to let the hurricane determine. [28:28] I want people to be safe, that's all. [28:30] The Pressure President, the Nobel Peace Prize [28:33] is due to be awarded on Friday. [28:35] Do you have any regrets about how you've used [28:37] your time behind that desk? [28:39] The Nobel Peace Prize will be Friday. [28:41] Well, last time they gave it to a young lady [28:45] who was a fabulous person, [28:47] and she said she didn't deserve it, that I deserved it. [28:49] And she gave it to me, and I said, [28:51] wow, what an honor. [28:53] I settled eight wars. [28:55] Another one is coming. [28:57] I got all the hostages back. [28:59] I did things that nobody else has ever done. [29:01] I'm not bragging, I'm just telling you the facts. [29:03] No President probably has settled any wars. [29:07] I settled eight wars, and big ones, big ones. [29:12] Saved millions and millions of lives. [29:15] And when Maria gave me that Nobel Prize, [29:20] she said not only should he get it for this year, [29:23] but there's never been anybody in the history [29:26] of the Nobel Prize that deserves it more. [29:28] I did, I settled eight wars, and I've stopped maybe [29:32] the total obliteration of the world [29:34] because Iran will never have a nuclear weapon. [29:38] And that's a positive thing, a very positive thing. [29:41] And other presidents should have done it before me, [29:43] or somebody should have done it. [29:46] So I don't know what their decision is going to be. [29:49] They have a reputation for maybe not giving it [29:52] to people like me, but whether I get it or not, [29:55] I have done far more, and I think it would be [29:57] a great discredit to them. [29:58] And I'm not saying that out of scorn. [30:01] I'm saying that when you settle eight wars, [30:04] and nobody's ever, I'll bet you, [30:06] if you look at the Nobel Prize, look, Obama got it, [30:09] and he didn't do anything. [30:10] He still doesn't know what he got it for. [30:12] He got it when he got elected right at the beginning. [30:16] And he had no idea why he got it. [30:18] Well, in my case, I said, [30:20] I didn't know that they were doing it. [30:22] But you're right, it is about that time. [30:26] But I was very honored to receive it indirectly last time [30:30] by the recipient who said, [30:32] nobody in history deserves it more than President Trump. [30:35] And since then, we've done a lot. [30:37] Since then, I've settled, think of it, eight wars, [30:40] and got all the hostages back, [30:43] and stopped a lot of wars from happening [30:45] by using the powers of tariffs and lots of other things [30:49] as a threat against certain countries [30:52] so that they did not partake in killing people. [30:54] President Trump, we have heard that you want to turn [31:01] part of your golf club in Westcom [31:04] into a retreat for future presidents, [31:08] similar to Camp David. [31:10] Are you going to call it Camp Donald? [31:11] The President Trump International. [31:14] It's one of the best golf courses in the world. [31:16] So it's built. It's all built. [31:19] It's been in operation for over 20 years. [31:22] It's been very successful. [31:24] And everybody wants to go there. [31:26] And the advantage is this was suggested to me [31:28] by the military and Secret Service. [31:30] There are no high buildings looming over it. [31:33] There are no houses on it. [31:34] So you don't have houses. [31:35] We have to inspect rooms. [31:37] It seems that all presidents play golf. [31:40] And it was asked, I was asked by Secret Service [31:42] and the military who got used to it [31:45] because it's, if I go there, they'll see, [31:48] that it's about as safe as they could possibly get. [31:52] It's only about two minutes away from the airport. [31:54] So they literally would be at that site. [31:58] And they could spend a weekend there, like a retreat, [32:00] like sort of a Camp David retreat. [32:02] And they asked if I'd be willing to do it. [32:04] And I said, I would be. [32:05] This wouldn't be for me. [32:06] This would be for all future presidents. [32:09] And if they want to do that, [32:12] I'd be certainly willing to do it. [32:14] It has a couple of advantages. [32:16] Number one, it doesn't have houses, [32:18] which is a real luxury when you can do something [32:21] and you don't have houses. [32:22] You know, down the fairways, [32:23] you have hundreds of houses all over the place. [32:26] So you don't have houses with people [32:27] hiding behind windows. [32:30] You don't have high buildings looming over it. [32:32] There's no high building looming over it, [32:35] which is no good either. [32:36] And they can get maximum safety. [32:39] It's a very, it's a very, it's a great idea. [32:43] And it'll be used a lot. [32:45] And the other advantage is it's right next to the airport. [32:48] Mr. President, you started telling midterm voters [32:53] that if Democrats win control of Congress, [32:55] they will impeach you. [32:56] For what? [32:58] The President Trump's office. [32:58] They don't know because they were asked that question. [33:01] Two, I saw two congressmen and a senator so far [33:05] asked that question. [33:06] They said, well, President Trump [33:09] has created the greatest economy. [33:12] When you see the real economy, [33:13] what's happening with factories being built [33:15] all over the country, it was today it came out. [33:17] There's never been a time like this ever [33:20] where 21 trillion dollars, [33:22] that's even a lot of money for Brad and Michael and Susan. [33:25] Twenty-one trillion dollars this year [33:27] and into our country. [33:30] They said, so President Trump has done a lot. [33:32] You could add the eight wars to it. [33:34] You could add the biggest tax cuts in history, [33:36] all these things. [33:38] What would you impeach him for? [33:39] And all three didn't know. [33:42] They said, we don't know. [33:45] I don't know. [33:45] One of them was just dumbfounded by the question. [33:48] He said, yeah, we would impeach him. [33:50] And what would you exactly impeach him for? [33:52] Well, I don't know. [33:55] Let's see. [33:56] Let's see. [33:57] That's it. [33:58] So that's as far as he got. [33:59] With that being said, I could have done very bad things [34:03] to Hillary Clinton. [34:05] I could have done very, very bad things to Joe Biden. [34:10] I could have done very bad things to Barack Hussein Obama. [34:14] I thought it was inappropriate to do so [34:18] because you have to treat the office of the presidency [34:22] with respect. [34:24] Then I found out that they impeached me twice. [34:28] And I certainly, even to this moment, [34:32] I have, I can do whatever I want if I want. [34:34] They've done some very bad things. [34:36] You just mentioned it. [34:37] It was just mentioned in the form of a question. [34:39] What they did, very illegal what they did. [34:42] Many illegal things. [34:44] But I view the presidency as a very sacred position. [34:49] Very sacred position. [34:50] Very important. [34:51] Very sacred. [34:52] A position where it has to be treated properly. [34:57] They talk about the word impeachment. [34:58] It was a very seldom used word. [35:01] With all of the years, it's happened very seldom. [35:05] They went after me twice. [35:06] And one overwhelmingly was thrown out. [35:09] Both of them were thrown out overwhelmingly. [35:12] I was never even worried about it. [35:14] But, and you, oftentimes, you have that one lunatic [35:17] who starts screaming, impeach him, impeach him. [35:19] He, I think he lost his, he lost for Congress, [35:22] Green, Congressman Green. [35:24] He's a lunatic. [35:25] He's a low IQ person. [35:27] But you can't treat the presidency with disrespect. [35:32] And, again, I've had my shot, and still do, at Biden, [35:37] at Hillary Clinton, and Barack Hussein Obama. [35:41] And I've had plenty of people say, let's go get him. [35:44] And I said, no, you can't do that to the presidency. [35:47] President, have you spoken with Putin yet? [35:53] Have you spoken with Vladimir Putin yet? [35:56] I have a call set up. [35:57] Today is his birthday. [35:59] Today is Vladimir Putin's birthday. [36:01] I'm sure you're going to celebrate it. [36:03] Are you going to celebrate it throughout the day? [36:05] Now, I have a call set up. [36:06] I will be. [36:07] On election integrity before the midterms. [36:09] On election integrity before the midterms, [36:11] a lot of Americans are very concerned. [36:13] And they also believe that activists, judges, [36:14] and Democrats try to make it impossible [36:16] to get that integrity before the midterms. [36:18] In terms of accounting for the election machines, [36:21] are there any new updates on measures that DHS will take [36:24] to hold the states accountable if they don't comply [36:26] with the new paper ballot requirements? [36:27] The President, well, we're going to be watching [36:28] very carefully the election because we need [36:31] honest elections. [36:32] We need fair reporting. [36:33] We need borders. [36:34] You know, there are certain things that our country needs. [36:36] One of them is honest elections. [36:39] It's a big deal. [36:40] We're going to be watching very, very closely. [36:41] Mr. President, the mortgage rates [36:44] today rose to 7.49 percent. [36:46] That's the highest of your second term. [36:48] What you do, is there anything you can do about that? [36:50] The President, you know, a Fed that I hope is, [36:54] I think Kevin is great, but Kevin is one vote [36:57] out of a board with numerous people that were put on [37:00] by Obama and Biden and a couple by me. [37:04] So that you have a board that would like to see [37:06] the country do badly, in my opinion, [37:09] because I think interest rates should come down. [37:11] Michael and Brad would understand this, and Susan, [37:14] we have a country that makes other countries very rich. [37:19] If we didn't make them rich, we would have a country [37:22] that would be the greatest AAA credit in history. [37:27] There are numerous countries where we have deficits with them. [37:31] They have big surpluses. [37:33] We don't need to do that. [37:36] I mean, if you look at Canada, if you look at Mexico, [37:39] if you look at Switzerland, big, big, beautiful deficit, [37:44] and yet they're considered super prime. [37:47] They're considered elite. [37:49] Well, if we decided not to buy watches from Switzerland, [37:53] they wouldn't be elite anymore. [37:54] We would save about $40 billion. [37:59] We can do all of that, but I like to keep things [38:01] on an even keel, and we're doing so well [38:04] that I don't want to do that. [38:05] But our interest rate should be the lowest. [38:07] We should pay lower than any other country. [38:09] The lowest rate right now is Switzerland. [38:12] And as I said, we have a ... [38:15] We contribute to Switzerland billions and billions of dollars. [38:19] And we don't have to. We don't have to. [38:22] We contribute billions and billions of dollars to Mexico, [38:27] to Canada, to many countries. [38:30] I don't like to name them, but, you know, [38:33] we don't need anything that they have. [38:35] We have all the fuel we need. [38:37] We have all the energy. [38:38] We have all the lumber. [38:39] We have all the everything. [38:41] We don't need anything from many of these countries. [38:43] There are some countries we need, [38:45] but in a little while, we won't need anything from anybody. [38:48] As an example, we're building right now, right now, [38:53] we're building, we have building Eli Lilly, Merck, Pfizer, [38:58] hundreds of billions of dollars of plants [39:02] to make our pharmaceuticals and our products. [39:05] And on top of favored nations, [39:07] which is going to be lowering the drug prices [39:09] by numbers that nobody ever heard of before. [39:11] So we have a situation where we should have the lowest, [39:18] we should be paying the lowest interest rate in the world, [39:22] because we have companies that would, [39:24] we have countries that would be losing a fortune [39:27] if it weren't for the United States, [39:29] and they are considered elite, [39:30] and they're paying a half a point, [39:32] and we're paying much more than that. [39:34] Secretary Besson, what is your, sir? [39:38] Secretary Besson, can you address the current rise [39:41] in borrowing costs, in particular the 10-year, [39:42] which, of course, closely tracks mortgage rates? [39:44] What is your message to the markets? [39:46] They seem not to be responding to the calls of payments. [39:49] Well, first of all, it's a global phenomenon. [39:51] And since President Trump came in, [39:53] the U.S. has been the best foreign bond market [39:56] in the 10-year space. [39:58] And we can see that for the U.S., [40:00] unlike the other countries, it's a real rate issue. [40:04] So it's because of growth. [40:06] Growth here is strong. [40:08] What we are seeing is headline inflation is high [40:11] because of the energy shock. [40:13] The core inflation actually dropped last month, [40:17] and is approaching the Fed's target. [40:19] So once we get on the other side of this Iran conflict, [40:22] the energy market is going to be well supplied, [40:24] and we will move down towards the Fed's target, [40:26] and mortgage rates and the 10-year will come back down. [40:29] Oil will drop like a rock as soon as we're finished [40:31] with the war, which will be very soon. [40:33] It's going to be very soon. [40:34] One way or the other, we'll be finished with it. [40:36] But oil will come down to levels that were, I think, [40:39] maybe even lower than they were before the war started. [40:42] Mr. President, on the top account, sir. [40:44] Every single parent is concerned about their kids' [40:47] long-term financial security. [40:48] The Council of Economic Advisers says that for babies born in 2026, [40:52] if you make the maximum contribution, [40:54] the baby could have about $1.1 million [40:57] by the time they're 2028. [40:58] The President Trump's right. [40:59] You were the ones that got this done for young parents. [41:02] What message should that send to young parents [41:05] as they head to the battle fox? [41:06] The President Trump's right. [41:06] Well, very simple. [41:07] We love your children. [41:08] We take care of your children, [41:09] like no president has ever done, [41:12] like no people have ever done. [41:13] Ted, do you want to address that, please? [41:15] Mr. Look, this is the future for kids, [41:18] and it is transformational. [41:19] To give a sense of the broadness of the impact, [41:23] a little over a month ago, [41:24] Gavin Newsom had a press conference [41:27] celebrating the Trump accounts, [41:29] and Gavin Newsom praised you. [41:32] Miracles could happen. [41:33] Brad Gerstrum was standing right next to him [41:35] when Gavin Newsom said nice things about you [41:37] and nice things about me, [41:38] and lightning did not strike anything. [41:40] That's an indication of just how powerful this is. [41:44] And 10, 20, 30 years ago, [41:47] the impact for kids having a stake, [41:50] an ownership stake in the future. [41:53] And, Mr. President, [41:54] you referenced personal investment accounts. [41:56] This is going to move all of us [41:58] towards personal investment accounts [42:00] and having a stake in the future. [42:01] And that is transformational. [42:04] The President Trump's right. [42:04] We even had Adam Shifty Shift. [42:07] Have you heard of him? [42:08] He said phenomenal things. [42:10] I said, I said, replay that. [42:13] I don't believe it. [42:14] But he said incredible things about this. [42:16] So that's nice. [42:17] The President, [42:19] over the last few weeks, [42:20] you've announced some $500 checks [42:23] going out to ACA enrollees, [42:27] $90 checks going to seniors. [42:29] You want to give $5,000 to people [42:31] if Republicans keep control of Congress. [42:34] Now this announcement, [42:36] what would you say to people who would suggest [42:38] that you're just throwing money at people [42:40] before the election in hopes they vote for Republicans? [42:42] The President Trump's right. [42:42] Well, what we're doing is we have tremendous growth. [42:44] We have the greatest growth of any country, [42:46] maybe ever, in history. [42:48] And you're going to see that now. [42:49] You're already seeing it. [42:50] But you're going to see growth numbers [42:52] the likes of which nobody has ever seen before. [42:55] And we're able to do things that the Democrats can't, [42:57] because they would have not been able to use tariffs [43:00] so wisely like we did. [43:01] You know, the tariffs are what's bringing [43:03] all of this business in. [43:05] Because, as an example, you make a chip. [43:08] We used to just let them make their chip in Taiwan [43:11] or wherever it is, mostly in Taiwan, by the way. [43:14] And they'll send it right in and make a fortune on it. [43:17] Now these companies are building massive plants, [43:20] all because of tariffs. [43:22] They're building massive plants in all parts of our country. [43:25] I mean, you have to see the biggest plants [43:27] anyone's ever seen, because they're all coming back, [43:30] because they don't want to pay tariffs of 100 percent, [43:33] 200 percent, 300 percent on a chip. [43:36] And we give them a certain period of time, no tariff, [43:40] but in a year from now or in a half a year from now. [43:43] And what they're doing is they're all building. [43:45] We're going to be very, very self-sufficient very soon. [43:49] We were subsidizing all of these places all over the world. [43:53] Not going to happen anymore. [43:54] Mr. President, one follow-up, sir, at least. [43:56] Sir, Mr. President, has Russia [43:58] been sharing enough information on the situation in Siberia [44:00] and has the US requested more . [44:02] The President from Siberia . [44:02] The President they are sharing a little bit with our people. [44:04] We expect them to share it a lot with our people. [44:06] I just met with our people. [44:08] We have brilliant experts. [44:10] They know everything about what's going on. [44:12] All of that information is going through them. [44:18] The Press Night Live [44:20] The President, Mr. President , [44:23] Did he speak to you before you made that announcement? [44:24] The President, who did? [44:26] The Press Night Live [44:27] I viewed it as though he wanted Canada to make a deal. [44:28] I viewed him as saying that [44:30] that he thinks canada should make a deal look canada's been ripping off our country for many [44:36] many years tremendously ripping off uh they've been charging tremendous tariffs and one-way [44:42] tariffs 400 on dairy products and other things they're not ripping us off we don't need canada [44:49] for anything you know they do 95 of their business with us we do very little with them [44:54] by comparison and canada's been very difficult to deal with and i think we're doing very well with [45:03] canada canada would like to make a deal but we're not satisfied with the canada's been we've been [45:08] losing on average 80 to 90 billion dollars a year with canada in order for them to trade with us why [45:16] are we doing that that's you know goes back to the thing i said before about whether it's switzerland [45:21] or another country we're losing 90 billion dollars a year doing business with canada why we want to [45:27] make our own cars we don't want them to make cars for us because if they make a car we're not making [45:33] a car we don't need them to make cars etc etc it's a long story but they've been ripping us canada has [45:40] been ripping us off for many many years and they're not going to rip us off anymore thank you very much [45:45] everybody thank you thank you thank you thank you guys thank you so much thank you