Trump launches Trump Accounts and speaks about World Cup red card

[0:06] It never happened to you before, I would say. [0:49] And we have some very brilliant people representing two exchanges. [0:53] First time you've ever come together and like this is going to be very interesting. [0:59] What are we doing every day? [1:02] Bringing people together, that's what I'm known for. [1:04] Bringing people together. [1:05] So, that's great. [1:07] Nice to have you all. [1:08] Thank you, everybody. [1:09] So, let's see. [1:10] The status is, we have the press. [1:12] They don't want to know anything about soccer slash football. [1:15] Fortunately, they won't be asking any questions on that. [1:18] Nobody cares about that, right? [1:20] This is about the Trump accounts, which are absolutely incredible for children. [1:26] Children can, at the age of 18 and after, become very wealthy people. [1:31] Come into the world with essentially no money and end up at a pretty young age being very rich. [1:39] And that's something that we've wanted to do, this country has wanted to do for 25 years. [1:44] Michael and Susan, you've been so great. [1:47] My Gerstner man has been so fantastic. [1:50] You pushed everybody. [1:51] It was so good. [1:52] And I just want to thank everybody. [1:54] It's a great, it's a great honor. [1:56] We'll have a little fun. [1:57] And we want to be exactly on time. [1:59] Are we allowed to be 15, 20, 30 seconds late? [2:02] Look at that clock. [2:03] Typically, no good, Jeff, right? [2:06] And I'm going to ring that bell. [2:08] And does that bill, does it stay in the White House? [2:10] Because I'm not giving it back. [2:11] Yes. [2:12] You're going to put that in the middle of the new ballroom. [2:16] I'm not going to give that bell back. [2:18] It looks to me like it's going to stay. [2:21] Yes. [2:22] It's staying here. [2:23] Well, we'll watch the clock. [2:24] Thank you, Mr. President. [2:26] It's so great to see you. [2:27] It's so great to see you. [2:28] Great show this weekend. [2:30] Thank you. [2:31] I was down to your box. [2:32] I was going to join you. [2:33] Thank you for the speeches. [2:35] Yes, sir. [2:36] That was great to see you. [2:38] Thank you. [2:39] Thank you. [2:41] Hi, everyone. [2:42] Nina from NASDAQ. [2:43] Thank you. [2:45] Thank you very much. [2:46] Okay. [2:47] I'll get over at the bell. [2:49] Yeah. [2:50] I want to stand next to these. [2:54] Soon to be very rich people. [2:57] Good. [2:58] So we'll get going. [3:00] And good morning. [3:01] I'm grateful to be with you on this historic occasion. [3:04] The American dream belongs to every child. [3:07] And today we are equipping the next generation with the right to claim their rightful share [3:12] of it. [3:13] Through Trump accounts, our president is creating an ownership economy. [3:17] An ownership economy where all citizens become shareholders. [3:21] 38% of American families do not have any exposure to our great equity markets. [3:27] But with Trump accounts over time, we can get that number to zero. [3:32] Already, 6 million American children have signed up. [3:35] 86% of them with families earning less than $200,000. [3:40] U.S. Treasury, 1.4 million of those accounts will receive $1,000 from the U.S. Treasury to [3:50] receive the accounts when the markets open in just a few minutes. [3:54] No, right now. [3:55] Oh, Trump accounts will benefit. [3:57] So ring the bell, Mr. President. [4:24] So I will just finish by saying on the eve of our, on the heels of our 250th anniversary, [4:34] that this will be one of the president's most enduring legacies, and the great bounty of [4:39] this will go for generations to come. [4:41] It is my privilege to invite President Trump to speak after we had two firsts today. [4:49] First time we've ever had the New York Stock Exchange and NASDAQ do a joint opening, [4:54] and first time we've ever had the opening bell run in the Oval Office. [4:59] So, Mr. President. [5:00] Well, this is very exciting and amazing achievement. [5:16] People, we don't know this, Michael, but people have been trying to do this for 30 years, [5:21] and they were so generous. [5:23] He put up, and she put up, I think she more than him, maybe, both very much involved, [5:29] but Michael and Susan put up $6,250,000,000, and I'm sure if I make a phone call they'll do it again. [5:37] The job they've done is incredible in life, so we want to thank you very much. [5:42] Amazing. [5:44] Really amazing. [5:49] And our friend from Micron, by the way, called me on Friday, and he said, [5:52] Micron's putting in $250,000,000, and he's done a phenomenal job. [5:57] And $250,000,000, and many other companies and people are putting up tremendous amounts of money. [6:05] And it's something I'm very proud of. [6:07] Some people think it's going to go down as one of the most important things we've done during the administration. [6:12] So after a truly historic weekend celebrating the 250th anniversary of America today, we're thrilled to officially launch the Trump accounts. [6:22] And we had some beautiful people and speeches and tremendous crowds. [6:28] We had the biggest crowd anyone's ever seen that, unfortunately, lightning caused it to leave. [6:34] And everybody said, well, we'll do it another time. [6:37] When I heard that, I said, no, we won't. [6:38] Everybody had left. [6:39] I said, we're not doing it another time. [6:41] We're doing it on the 4th of July. [6:43] And we actually started the speech on the 4th of July. [6:46] We had to wait a little while, like a couple of hours, let the lightning pass. [6:49] And everyone had left. [6:51] And we came back, and they had 150,000 people came back. [6:56] They took their car. [6:57] They're going back home to Texas. [6:59] They turned their car around and came back. [7:01] You wouldn't believe it. [7:02] 150. [7:03] I think the 150 was more impressive than the 425 or whatever it was. [7:07] It was pretty amazing. [7:09] And Mount Rushmore, likewise, was so incredible. [7:12] So people love our country. [7:15] Our country is doing incredibly well. [7:17] Strongest military in the world has been displayed with Venezuela, who we're getting along with fantastically now. [7:24] We've taken hundreds of billions of dollars of oil and given them hundreds of billions. [7:29] They have more money than they've ever made. [7:31] And we're doing very well. [7:33] We paid for the war many times over. [7:35] And then Iran, we're doing actually equally as well. [7:38] We're just not getting the kind of coverage that we should. [7:41] But we have eviscerated them military. [7:45] And the bottom line is our country is strong. [7:47] We have the greatest military anywhere in the world. [7:49] I was with President Xi three weeks ago, and I said that. [7:53] And there was no argument. [7:54] Nobody's arguing. [7:55] We built it during my first term. [7:57] And we're using it now for very good reasons, because in this case, Iran can never have a nuclear weapon. [8:04] We can never let that happen. [8:05] On Saturday, July 4th, our administration deposited one-time seed contributions of $1,000 each into the Trump accounts of over 500,000 American children. [8:19] It's a lot. [8:20] And millions more. [8:21] We'll be getting additional contributions from generous donors like, as I mentioned, Michael and Susan Dell. [8:29] They are truly incredible people. [8:31] Go out and buy a Dell computer. [8:33] He's not doing it for that. [8:35] But I'll bet his business, Brad, has gotten even bigger. [8:40] I have a son that loves their laptop. [8:43] I have to tell you, you know, I want a Dell. [8:46] We're going to get him that money back one way or the other. [8:49] And then I'll ask for another $6,250,000,000. [8:52] We'll start the whole process all over again. [8:54] No, he makes an incredible product right from the beginning. [8:58] And Brad Gerstner has been pushing this, so he's a very successful man. [9:02] Not quite as famous as the Dell family, right? [9:06] Of Michael. [9:07] But you are. [9:08] Thank you. [9:09] He's an amazingly successful guy. [9:12] And he's put up a tremendous amount of money. [9:14] And again, I want to thank Michael and all of the companies that have already called me. [9:18] And they're putting up a lot of money. [9:21] This is nothing. [9:22] This is not me. [9:23] And putting the name on it was not my idea. [9:25] That was a whole group of people that passed legislation. [9:29] Because this is all made possible only by the passage of the Great Big Beautiful Bill. [9:34] And I knew that this was happening, but I didn't know. [9:37] All of a sudden, they see my name on it in the bill. [9:40] But I'm very proud to have my name. [9:42] They think it would sell. [9:43] They said, it'll sell better if your name's on it. [9:45] I said, look, leave it on. [9:46] But I did not. [9:47] I just want to. [9:48] I did not ask for it. [9:49] Michael, is that a correct statement? [9:50] Did I ever go to you and say, Michael, don't put up the money unless they use my name? [9:54] No. [9:55] But I have done that in other cases, I will tell you. [9:59] In certain other cases, I've done that. [10:01] Right, Scott? [10:02] But not in this case. [10:03] This is a very special kind of a thing that took place. [10:06] In a way, it's a miracle. [10:08] Nobody thought it was possible. [10:09] Think of it. [10:10] Children that are born without money, without any money, great parents. [10:15] They can have everything can be great, but they have no money. [10:18] They can become very wealthy children at 18, and they can flip it over, or their people [10:24] can flip it over into other vehicles at a certain age so that they don't take it out. [10:29] I would recommend they probably don't take it out. [10:32] But they can have a lot of money, especially if the market continues. [10:36] Can you imagine if you did this during Trump a year ago, a year and a half ago, where the [10:43] market's gone up at levels? [10:44] As an example, everybody said when I got elected, there's no way that during the four-year period [10:50] we'll ever hit 50,000 on the Dow, and we hit 50,000 on the Dow, I would say, in the first [10:57] year, records. [10:58] We had records. [11:01] What NASDAQ has done, what the New York Stock Exchange, all the stock exchanges, 7,000 [11:07] on the S&P was impossible during the first year, but they really thought it was impossible [11:11] in four years, and we hit it before the first year. [11:14] If the children had invested the money a year and a half ago, we should have acted faster, [11:20] actually, it's too bad, but it's going to go up. [11:23] We have a hot country. [11:24] It's going to go up. [11:25] I think the market's going to go through the roof. [11:27] When all those factories open, they're being built all over the country at record numbers. [11:31] We have never built, in the history of our country, what we're building now. [11:35] We have $19.2 trillion, and much of that money is going toward building factories, plants, [11:41] AI, automobile. [11:43] We've never built as many automobile plants. [11:45] They're all over, and they're coming from all over the world. [11:49] You know why? [11:50] Because they don't want to pay tariffs. [11:52] If they build their cars here, they pay no tariffs. [11:54] So Japan, instead of making them in Japan or South Korea, instead of making them in [11:59] Germany with Volkswagen and Mercedes and BMW, they're all building plants here now. [12:05] They're coming out of Canada. [12:06] They're coming out of Mexico. [12:07] Mexico took a lot of our business. [12:09] So did Canada. [12:10] They're all coming back. [12:11] I don't know what the countries are going to do, but they're all coming back. [12:14] So today, with the ringing of the opening bell for the stock market, those accounts [12:19] will now begin to grow, right along with our booming economy. [12:23] And I really believe we're going to have the biggest boom of all right now. [12:26] You haven't seen anything yet. [12:28] Between individual contributions and the seed funds, $800 million in new capital will be [12:34] invested in the stock market for America's children this week. [12:37] And I also think that we're going to be putting numbers in the budget, which will be really [12:42] spectacular. [12:43] Because it's really not costing us anything. [12:44] us anything we're we're giving this money to children so they can have a good life very early [12:50] on they can have a good life and we're going to be doing also something we're working on later on [12:56] and it'll be also i think very popular and i guess the best definition is they have a [13:02] plan in australia which people really like it's really worked out very well incredibly well [13:07] and very respected and we're going to be talking about that with congress and see if we can [13:11] implement it and that would be more for grown-ups as opposed to children but it's something that's [13:17] going to be great i think if we can get it done and we're going to try very hard but again i want [13:23] to thank michael and susan brad and his son lincoln as well as secretary of the treasury scott who is [13:32] really scott passant who has really been an incredible if you're if you're casting a movie [13:38] you put him as the secretary of the treasury because he's central casting do we agree wouldn't [13:43] you say he's done more importantly he's done a great job sba administrator kelly loffler who's been [13:49] phenomenal chairman of the sec paul atkins paul thank you what a job you do you know there's always been [13:57] a problem there and with you everything goes smoothly although i have to say jay did a very good job also [14:04] all right during my first term but paul's been incredible everybody everybody wanted paul [14:11] and he's uh exceeded expectations i will say and everybody knows that thank you paul great job you're [14:16] doing director of the national economic council kevin has said i didn't want to lose kevin i said kevin [14:23] you're at a huge disadvantage because selfishly for a certain other position and we have another [14:28] kev we had the two kevins and they're both great and a friend of mine ted cruz we fought each other [14:34] for a while and uh he's a very tough competitor and we became friends we were actually great friends [14:41] before the campaign and everybody said will this ever end in fact he was doing a rally he said could [14:46] we do a joint rally that's like you people doing a joint bell ring and it's like crazy right but he [14:53] said remember we did the joint rally outside in washington we had a big crowd and the media was [14:59] saying will it ever end i said it will but not yet but it ended but then it came together better than [15:06] i think better than ever before he's done a wonderful job as a senator highly respected [15:11] in fact somebody said would you ever appoint him to the united states supreme court because he's a [15:16] brilliant lawyer ted they said well he's the only one i can think of that's going to get 100 votes all [15:22] republicans will vote for him all democrats will vote for him because they want to get him the hell out of [15:27] the senate no if i was having a if i was having a hard time with getting the votes i would appoint ted [15:33] cruz i get a hundred percent a guarantee but uh when you look at all of the different things that have [15:42] taken place and uh you look at the international nature of what we're doing because these are all [15:48] international companies so many i can't mention because they're too big to mention the kind of money [15:53] that's being invested is is really really incredible so again i want to just because [15:59] they're friends of mine but the exchange ceo jeffrey sprecker is here today we he's an amazing man [16:06] amazing success his wife has done a fantastic job at small business they call it small business but [16:13] when you add it all up it's probably the biggest the biggest business in the world right but kelly has [16:19] been incredible and jeff thank you very much new york stock exchange president lynn martin we want to [16:25] thank and uh nasdaq chair and ceo adina friedman and nasdaq president nelson griggs we have all of them [16:35] this is a this is a fantastic group of people thank you very much we've got them all did you ever think [16:42] you'd be in the same well this is a great room i always when people walk in the biggest people in the [16:47] world people that are in many cases on your exchanges right they walk in and they look around [16:53] they go oh my god i can't believe it i must i don't want to use names larry ellison walk in [17:00] and he said why where am i this is so um it takes a while actually if you're negotiating you have [17:07] people at a great disadvantage because they're all screwed up you know it's a great place i think it's [17:13] the most important room anywhere in the world so i thought it would be good to do this here right [17:17] we don't we seldom do that but this was the first ever joint bell ringing between the new york stock [17:24] exchange and nasdaq and uh hopefully it won't be the last i think it's you know there are a lot [17:29] of things you could do together that would be good it's amazing the way you came together and it was [17:34] really easy and they're competitors but it's uh it's a great tribute i think to all of you that [17:40] you're able to do this it's people are talking about it um the sec chair uh let me ask you are you [17:48] shocked that they can this makes your job doesn't this paul doesn't this make your job a little bit [17:53] easier isn't it nice why can't we do that with democrats and republicans maybe that's a tougher [18:00] one i think that's that might be tougher we like we like borders we like things that they don't like [18:06] but if parents have not done so already and they are doing so in record numbers they should go right [18:13] away to trumpaccounts.gov and sign their child up for a free investment savings account and again a lot [18:19] of people are uh people that are uninvolved in terms of they don't have the children but uh or their [18:25] children are older but they're putting millions and millions of dollars into the accounts of poor [18:31] children financially poor children and uh the parents can't even believe what's happening so it's it's an [18:39] amazing thing but parents loved ones churches and generous companies and individuals will be able [18:45] to contribute funds to these accounts to grow throughout the child's life and again if we have [18:51] a good market like we do now they're going to become actually very rich they'll have hundreds of thousands [18:58] of dollars think of that think of it a child that has no money can have hundreds of thousands of dollars [19:05] dollars at a very very young age accounts could grow to be worth numbers that nobody ever thought [19:13] even possible just six months ago before we did this and again i have to thank michael and susan [19:22] because they were so proactive it was actually it was really amazing i just think they're amazing people [19:28] so trump accounts are about giving every american child a stake in america's future [19:34] and getting some of the upside and nobody's seen anything like it and senators like ted cruz were [19:43] at the forefront and they should be really commended people have to remember it in the future it's like [19:49] so many things i did were so good and that's only got a two-year life like as an example kevin i close the [19:56] border we have nobody coming into our country illegal anymore and i want to make it in my speeches and they [20:00] say sir nobody cares about that you've solved the problem i said i'd like to talk about it they said [20:06] nobody cares about the border you've solved that problem i said what kind of a business you solve [20:11] a problem you're not even allowed to talk about it nobody even wants to hear about it it's pretty tough [20:15] but this is something that they're going to be talking about for a long time because [20:19] this is going to grow to levels that i think people have no idea i already see the numbers [20:24] so there could be no better way to begin our 250th year it is so appropriate think of that we're [20:30] doing it just at this time this special time it's pretty amazing so i'd like to maybe ask michael dell [20:37] to come up and say a few words followed by lynn martin and adina friedman and jeff and some of the [20:43] people that uh that had so much to do i'd like to have our great senator ted cruz say a few marks and [20:50] anybody else that wants to this is a big celebration this is a much bigger situation than [20:57] anybody can imagine and then we'll take a few questions okay thank you very much go ahead [21:02] michael please why don't you start it off thank you mr president susan and i are very honored to [21:14] be here as we celebrate the 250th you know 42 years ago i started a company in my dorm room with a [21:23] thousand dollars and today every newborn american child will start their life with a thousand [21:30] dollars invested in america's greatest companies compounding for the future but susan and i didn't [21:38] want the children that were born just before to be completely left out so we are contributing 6.25 [21:46] billion dollars 250 to 25 million eligible american children born between the ages of 2016 and 2024 [21:57] invested in america's greatest companies for their future for their tuition for down payments for [22:04] startup capital for a business and to every business leader out there who hasn't already joined us [22:12] please join us you know 250 years ago our founders in the declaration of independence which is right [22:22] there pledge their fortunes to an idea today we're pledging our fortune to the next generation of of [22:34] children so to tens of millions of american children your american story starts now thank you susan [22:44] thank you thank you mr president i am so grateful to you for making the invest america act happen you [23:00] have made investing in america's children such an important initiative for our country these accounts [23:09] are a statement of belief in our nation's young people and believing in our country's children matters [23:17] enormously the the incredible leaders of our future leaders of our country are the young children that we [23:29] are raising today investing in america's children essentially means investing in our future it's an investment [23:39] in america's ability to grow to lead and to compete for generations michael and i have believed in this idea [23:50] for a long time and seeing this become real is fantastic a child that has a financial account [23:59] in their own name is a child who has so many more opportunities and hope and as a mother i know that [24:09] every child deserves that so parents claim your child's trump account today years from now your [24:19] child will thank you for it mr president thank you so much for having us today it is truly an honor [24:31] to be here for this occasion for the last couple of days we have celebrated the thing that makes this [24:38] country unstoppable and that is our freedom and out of freedom is born the american dream and today [24:47] under your leadership it is the purest manifestation of that american dream you are offering the american [24:56] dream to the youngest generation to allow them to participate in the great wealth of america and as the [25:04] president of the new york stock exchange we couldn't be more proud to be here more grateful to you and [25:10] your leadership and more optimistic about the future of this country which is going to be led by this next [25:19] great generation we were born on the corner of wall and broad street where our first president was [25:26] inaugurated and we could not be more optimistic about this nation's future thank you so much mr president [25:40] thank you very much for inviting us into the oval office today to celebrate something very special [25:45] as americans over many many generations we have come together in unity and today the nasdaq and the [25:52] new york stock exchange have come together in unity for a great common cause the trump accounts the trump [25:57] accounts are underpinned by the u.s capital markets which are really the engine of the greatest economy in [26:03] the world but part of that promise of the markets is to make it so every american can share [26:08] in that great economy and today with the trump accounts the next generation of americans every [26:14] american will have the opportunity to be a part and share in this prosperity of this nation so i [26:20] want to thank you for your vision mr president on behalf of nasdaq and on behalf of the millions of [26:25] families who will benefit from what you've created so thank you so hi i'm jeff sprucker the [26:38] chairman ceo of the parent company the new york stock exchange one of the things that we celebrate [26:42] uh on wall street and we all in this room we talk about wall street as the capital markets and i [26:48] don't think people realize that partly why wall street has its prominence is that our first president [26:54] was sworn in on wall street and the new york stock exchange was started to finance a brand new [27:00] government and a brand new vision for a country so it's amazing that 250 years later this president is [27:08] making that available to all americans uh directly and and so it's incredibly fitting in my mind that [27:15] that we're here in this capital uh which obviously is no longer new york um to widen the markets for [27:22] everybody in the country so thank you mr president thank you mr president thank you mr president thank you [27:30] for having us here this is a truly remarkable day remarkable setting for what has been a historic [27:34] event and at nasdaq every day we get to see brilliance come through the doors companies have created [27:39] jobs that have created an economy and now the fact that's able to be shared for all these children [27:44] is just remarkable remarkable feeling to be here and to look we've created so congratulations thank [27:49] you thank you it's great to be here mr president we wouldn't be here without you it was just over a [27:59] year ago that michael and i shared with you the idea for the invest america act we had been working on [28:06] it for four years we had tried to get it done under a prior administration kevin and i met in the [28:11] speaker's office some three and a half years ago on the idea it took this president and his [28:17] entrepreneurial courage less than a minute to say this must happen this is the whole purpose of my [28:24] presidency the main street agenda the 70 of people who have been left out and left behind who feel [28:31] they're no longer connected to the american dream and he called the speaker and told him to put it in the [28:36] reconciliation bill that my friends is leadership it doesn't just happen in fact it rarely happens [28:44] in a place like washington and his courage and his leadership of this administration you know and [28:50] then the great partnership of my friends michael and susan dell and so many others to bring this [28:55] to fruition but let me be clear today is day one mr president we're committed to the next 250 and what [29:03] that means is not a million kids in america not two million kids in america every child in america all [29:11] 70 million kids under the age of 18 deserve to have one of these accounts we're going to get the [29:16] accounts open for them we're going to get them fully funded the outpouring of support from america's [29:22] corporate leaders small business leaders moms and dads great philanthropists we believe will raise over [29:28] a hundred billion dollars for america's kids over the course of the next 12 months this isn't a [29:35] program this is a transformative platform think of 1935 social security scale platform over the next 15 [29:45] years over 2 trillion dollars will go into the pockets of kids and families that would have otherwise [29:53] had zero that would have been left out of america's capital markets that is a legacy worthy of the [30:00] great mission of this administration and it would not have happened without you and the leadership of [30:06] your administration so thank you mr president i want to congratulate you on your historic leadership [30:19] the document hanging on that wall just turned 250 years old as did the nation that it created [30:26] and the bell that you just rang on the resolute desk i believe heralds in that the next [30:31] 250 years will be even greater than the first 250. you mean the bell that i'm not giving back [30:42] i think everyone knew you were going to keep the bell and on behalf of all americans thank you for [30:51] getting rid of that ridiculous red card this is his interest it was spectacular there was a reason the [31:03] fifa trophy sat here for as long as it did mr president this program you know a second ago brad [31:11] made reference to 1935 and social security trump accounts are in many way donald trump's new deal but [31:21] instead of having government taking care of everyone trump accounts are about making every child and every [31:28] american a capitalist every one of our kids is now going to be an owner of the biggest producers in our [31:36] country kids you guys there each of you are getting an account these folks here gave you 250 dollars [31:46] that's a lot of money that you have right now and you know what with that 250 dollars you've purchased a [31:55] little bit of a bunch of big companies you know mcdonald's you now own a little bit of mcdonald's [32:03] when you go to mcdonald's you can look around and say i own this place if you get on an airplane and [32:10] fly you look at a boeing airplane you now own a little bit of boeing can you believe it you're an [32:17] owner of boeing that is transformational that changes the way every child looks at the world [32:26] and the ability to accumulate life transforming savings hundreds of thousands millions of dollars [32:33] for the kids of single moms that is powerful mr president in particular i want to thank you for [32:39] your unequivocal commitment that this administration your administration is going to auto enroll every [32:47] child in america all 70 million children will have accounts open for them accounts that can then receive [32:54] gifts from people like michael and susan and brad accounts that let me say to every parent at home [33:01] please right now go to trumpaccounts.gov go to trumpaccounts.gov sign your kids up to every employer if [33:08] you're not contributing to the accounts of the employees of your kids do so now match their [33:13] contribution double their contribution and to philanthropists go adopt a state go adopt your [33:20] city go adopt a school go say the kids in my community the kindergarten class here we're going [33:26] to help them get started this is a moment i believe transformational to make sure the next 250 is even [33:34] better than the first thank you mr president he adopted an entire state yeah so i'm from indiana [33:49] um and uh we're going to add 250 following michael and susan to all kids in the state of indiana under [33:56] the age of five ray dalio in connecticut uh we have lots of philanthropists they're adopting states [34:02] cities now we have the city of san francisco has been adopted the city of oakland and recently with uh yeah [34:09] you know um with katie we've adopted a school in the city of durham um we've adopted a boys and girls [34:17] club in philly we've adopted you know uh a big brothers big sisters in in newark new jersey last [34:23] wednesday and it's all to show the country the art of the possible when you create an open source [34:29] platform anybody can give to anybody these accounts have a qr code in them and somebody sends you the qr code [34:36] and you just double click on your phone and money goes into the account thank you to joe gabia and [34:41] the national design studio for their incredible work on on the account thank you so yeah thank you mr [34:52] president paul atkins uh chairman of sec so this is an amazing day and really i salute you and and [35:00] senator and uh and secretary uh besant to uh for all that you've done uh you know to help these accounts [35:06] go and then the philanthropists who have have also put money into it but uh the senator has it exactly [35:12] right we have to remember that all the folks who signed that document 250 years ago they understood [35:18] well that america was actually an investment before it was a nation so joint stock companies were stood [35:25] up in england and france and the netherlands to establish new amsterdam for example now new york [35:32] and to support uh you know the people there so that is in our blood as a nation and everywhere i go [35:40] around the world to talk to my counterparts uh finance and and other regulators around the world [35:46] they always ask me how do we replicate america's uh whole ethos of investment and risk-taking well this [35:53] is exactly how to do it as the senator said so well for the next generation to have a feeling that they [35:59] have a real stake in our economy in the products that are made for their benefit and for the benefit [36:06] of of the world frankly so i think it's an exciting day thank you very much for your leadership and i'm [36:11] really proud to be a part of it thank you very much i'd just like to add a couple things have been so [36:25] much wonderful things have been said mr president about what you're doing this is absolutely [36:28] transformational i'd like to tip my cap uh to secretary besant uh his staff uh originally told him when [36:35] this idea was floated that it would take a year or two uh and scott said no it's got to be the fourth [36:39] of july uh and they delivered i'd like to thank the designers of the app because every kid as scott [36:51] arranged and as you were key to discuss every kid can look at what firms they own so it's not just [36:59] going to say s p 500 it's going to be you have a little bit of this you have a little bit of that [37:03] and so we believe what it's going to do sir is connect america's youth to our vibrant economy in [37:09] a way that's never been done before so thank you very much so all everybody we thank you and the [37:20] press has been very kind about this this is one they have a hard time attacking you know we're all in [37:27] this together you have children a lot of those children already they have their accounts uh we're [37:33] going to see tremendous money come in from wealthy people and pretty wealthy people and very wealthy [37:40] companies and and i'm getting calls from everybody to put money in and they're going to put tremendous [37:46] numbers of dollars in and these these children are going to have actually accounts they're going to [37:51] learn about finance a little bit they can watch it we're going to all watch it grow together and [37:58] we're going to have a whole different uh planet when they turn 18 it's going to be a lot different [38:03] when you turn 18 and you have no idea what's going on and you have no money and no hope [38:07] yeah they're going to have great hope it's the american dream it's a big part of the american dream [38:12] so uh again michael and susan and brad and everybody that has worked so hard is uh it's an [38:19] honor to be this is truly an honor to be involved in something that's uh pioneering but really not [38:26] because for so many years i said for many many years decades they've tried to do it they've never [38:32] been able to pull it off so i just want to thank all of you guys and i think it's such a great tribute to [38:37] come together so people said no no there must be a mistake you mean you mean you're having [38:42] separate meetings just no no they're just watch at 9 30 right so uh it's a great honor and thank [38:49] you for being so fair about it so we'll take a few questions please yeah please shortly after speaking [38:57] to you on july 4th struck he even killed innocent civilians why isn't he feeling any pressure after [39:03] speaking with you well i think he does feel pressure um he wants to end it and ukraine wants [39:10] to end it and we're in talks and we'll see if we can get it ended it's a terrible thing i ended eight [39:15] wars and this was in my opinion going to be an easier one because i know both heads i didn't know [39:23] most of the heads i did india i did pakistan i did others that could have been a real bad one nuclear [39:30] that was going to be nuclear it could have been as the prime minister of pakistan could have been [39:35] 40 million 40 million people would have been killed maybe 50 million they'd shot down 11 planes it was [39:42] raging for four days and i got it stopped and i did that but this is one that i think we're getting [39:49] much closer than people realize and uh president putin wants it to end i will tell you that very [39:55] strongly a good call and uh president zelinski actually wants it to end now and we're going to [40:02] be going to nato and we're going to be talking about it and we i think we're going to get it [40:06] i think we're going to get it ended it's been a terrible situation think of this 25 000 people two [40:12] months ago 25 000 people were killed one month soldiers uh last month set the record 36 000 people [40:24] were killed in one month young soldiers they go off to war and they they're dead before before the [40:29] first weekends it's drone technology michael who would have thought that drones would have become [40:35] such a factor and they're they're killing machines it's amazing it's amazing you hide behind a tree and [40:41] it goes and gets you and i've seen scenes that i don't want to see i don't want you to see on that [40:46] battlefield you know you hear about the civil war you hear about all of these different [40:51] terrible wars but this is really horrible so uh i had a very good call and i think we'll uh [40:59] i think we're getting close to getting it done on the economy uh there's been a refocus it seems in [41:04] june to talk about your economic policies when do you think that message will change the perception [41:09] of americans related to the economy well i think people know look oil is is now at a level that it was [41:15] uh i think it's even lower on a barrel basis than it was before we started we've got gotten concessions [41:23] now they have to hold those concessions but there'll be no nuclear weapon we're going to be [41:27] getting the as i call it dust the enriched material nuclear dust i call it seems to have taken off but [41:35] it's enriched material we're getting it uh we we're getting i went in for one reason very strongly uh that [41:42] iran cannot have a nuclear weapon uh i'm not looking for regime change although this is regime [41:48] change the first regime is gone the second regime is gone and i think the third regime is more [41:55] reasonable but we'll find out but we've uh destroyed their as you know completely destroyed 150 they had [42:02] 159 ships every single ship is at the bottom of the sea we've completely destroyed they don't have one [42:08] airplane they don't have radar you know one of the reasons we kept the oil down because a lot of [42:15] people said kevin and a lot of people were saying that oil could go to 300 350 a barrel but one of the [42:22] reasons that prediction wasn't right is we were taking out on average of 10 but sometimes less sometimes [42:29] more uh three weeks ago we had a night 22 ships came out of the uh straight and the famous trait of [42:38] hormones nobody ever heard of but it's some that is a that is some big money machine i'll tell you [42:44] what when you look at the numbers michael that makes everything look small no wait wait wait and [42:50] we took out so much oil that people didn't know and it was only took a month and a half they finally [42:55] found out they had no radar because their radar was destroyed so we took them out late at night with no [43:01] lights no nothing and our great navy which did the greatest blockade anyone's ever seen not one ship got [43:07] through in two months and we then freed up the blockade because we're close to maybe making a [43:12] deal i don't know we'll make either look we're going to win one way or the other we're either going to [43:17] make a deal or we're going to finish the job okay and it won't be tough to finish the job uh i'd rather [43:23] make a deal because i don't want to affect 91 million people we can knock down their bridges in one hour [43:30] we can knock out their energy supply all of those big plants that they built big beautiful [43:36] modern plants had a lot of money they don't have any money now we haven't given them any money [43:42] but we can knock out their electricity and power generating plants and i would say a small part [43:51] of an afternoon every plant will be gone and they know that they know that please [43:59] daniel go ahead please go ahead please thank you so right behind you [44:04] you know why he's a friendly voice go ahead i wanted to thank you first and foremost for the [44:10] trump accounts you see that's what i call a reporter he's actually a great reporter so he'll directly [44:17] benefit from the accounts good thank you fast forward 18 years from now and a lot of these kids are 18 [44:24] look at the trump accounts and they see hundreds of thousands of dollars from them what lesson do you [44:29] hope they'll walk away from and think about you regarding this program and do you think this will [44:35] go down as one of if not the signature policy achievements i hope so i think it will i really [44:40] believe it's going to be one i think we've done a lot of great things but i think this will be one of the [44:44] top it's going to teach uh children to be entrepreneurial as opposed to the threat of communism that you're [44:53] seeing a lot this is not social democrats by the way that's a beautiful we're social democrats they [44:59] say they're not social they're communists they want to destroy our country we're not going to [45:03] let that happen but this helps even from the parent standpoint you know they see their child getting [45:09] richer and richer as he as the market goes up if it goes down they don't lose anything they make [45:15] money they have money but if it goes up they could become actually rich and the parents are going [45:21] to be watching and we're all going to be watching and we're part of a very big a very big uh and very [45:28] beautiful game uh it's going to bring them into the mainstream it's going to bring them into [45:33] recognizing like michael dell i said how the hell did you start this thing what he built is incredible [45:39] now his product is great but as he said he made them i guess laptops he made a better laptop on his [45:46] bed in a dorm than they sold in the store so he started selling them i guess probably during college [45:52] i don't know where the hell you started selling them but you sold a lot of them and it just cascaded [45:56] and then he his greatest deal was he met susan and she probably guided him beautifully [46:02] that was probably his most important thing but and they have great children great everything but [46:08] um you know it's a beautiful story think of it they gave six billion 250 million dollars [46:17] and there's a rumor he's giving more i don't know if it's i'm not holding him i mean it's hard to say [46:21] hey how about how about doubling up right but no but think of that and started with no money other [46:30] he had a great brain which is you know that's better than money i think but uh you know it's [46:36] like an amazing story and that could happen with other people maybe not to that extent maybe there [46:42] could be a few to that extent but not to that extent but that could happen with some of the people here [46:47] some of some children living in poverty it can happen and now they have a real chance it's a big [46:53] thing it's a big thing yeah please i wanted to ask you can you just got your phone call with johnny [46:59] infantino about the red card and velgium is appealing the decision what you're asking me about the whole [47:04] soccer thing so yeah i did i spoke to johnny who's highly respected who's produced the most successful [47:12] world cup in history by they say four times this isn't just a success i actually said johnny we've [47:20] got all these games each one is turning out to be a super bowl and we have all these games you know [47:25] when you think of it every game is like a super bowl yes i watched last night what a game that was [47:31] with mexico and england i mean two countries i don't know the players although i think kane is a great [47:37] player see i played golf with him and i like him a lot he's a good golfer but he's a great he's really he's [47:43] really great but i watched and and no reason for me to watch and you couldn't take your eyes off the [47:50] game because i said johnny you know you have all these games because they edit games in a country [47:56] where really we don't it's not our main sport to put it mildly and this has been four times more [48:02] success we told me last night the numbers are four times greater they think 50 or 60 million people are [48:08] going to be watching the game tonight i mean this is getting to be super bowl numbers but you have a game [48:13] tonight and they think they were they're projecting a minimum of 50 million people watching a game [48:20] we call it soccer it's called football i guess but we can't really call it football because it gets [48:23] a little there's a little confusion so yeah you call it soccer we're the only ones to do that but we [48:28] are football and football is great but i've never seen anything like it so i saw the play and i'm a person [48:36] that loves sports and was a good athlete and i understand sports really well really well and [48:44] that wasn't a foul that wasn't even an infraction that was two guys running full speed that happened [48:50] to crash into each other you can't take your foot and properly place it on somebody else's foot [48:56] when you're going no these were two great athletes that got tangled up and this referee who is a little [49:08] bit suspect if you check his if you check his past i don't want to say that because i don't like to create [49:15] controversy but but very suspect uh if you'd like i'll provide you with the past he made a call that [49:24] nobody could believe you know even people on the other side they said oh we got lucky wow that's [49:30] and it's very interesting they say they don't show them in slow motion and i never realized that i never [49:35] heard of that before that they're not allowed to review in slow motion because it's so different [49:39] because you'll take one little quarter of a second and you'll see that a hand is touching a neck or you [49:44] see something whereas when you see it in fast motion it it will look like two guys collided which is [49:50] really what happened they got sort of entangled he didn't do anything wrong and he's [49:57] our best player or one of our best players a very vital player and he gave him a red card [50:01] i didn't know what that meant i didn't think it meant much then i started hearing that that means [50:05] he can't play in the next game at least in the next game i said boy that's a big you know if it [50:12] happened to another player it would have been unfair but when they take your best player or just about [50:18] they have some great players but and they say you can't play that's very unfair that's you know it's one [50:26] thing to penalize somebody for the game but how do you penalize them for a game that hasn't been [50:31] played yet it's very unfair you can't do that so yes i asked for a review by fifa i spoke to a man [50:39] who's highly respected and by the way whose level of respect has gone up tenfold and he was good before [50:47] this started but you know he really pushed it in this country i'm the one that got them to do it it was [50:52] not biden biden was asleep i got him to do in fact it was very sad because i got him to do it [51:00] and if the progression was normal i would have been retired now the democrats are saying man we [51:06] should have just let him have his way he would have we would have had him gone but i said you know [51:12] the saddest thing is i got the olympics and i got the world cup i tried to claim 250 years too but [51:19] that didn't work they said that one is what it is no i tried but it didn't work but wait wait [51:24] so i got him i was so proud of it and then i realized you know i wouldn't be president during [51:30] that because i would have been out of office by that time i felt badly the beautiful thing about [51:35] what i did is i ran i never thought of it and then all of a sudden i realized you know i just got [51:40] the olympics and i totally got that myself and i just got fifa i got that myself we gave a little piece [51:46] to canada gave a little piece to mexico i got that myself and a lot of and a lot of people helped [51:52] like that man right there kevin a lot of people you know that we worked hard on that and we got [51:58] it and but what we didn't know is how successful it was going to be i thought i didn't know i said [52:03] johnny is anyone going to show up because you know we're not again we're not really i think i think [52:09] soccer is doing much better but i couldn't imagine if if you would have said to any very smart [52:16] of these like people like this that the numbers they're doing now would be happening they've never [52:23] seen anything like it think of it take the most successful olympics or the most successful fifa [52:30] and you look at what's happening you look at the numbers for this in the united states [52:35] just compared to fifa and it's it's numerous times more it's not like 10 percent more two percent [52:43] more five percent more which is more expected it's like four times more successful than anything [52:50] they've ever done in fact i said to johnny let's do it again next time and he said that would be hard [52:58] i said no no you do it again but at the same time you give it to somebody else for the next one i don't [53:04] know it's a little crazy idea but all i did all i did i asked for a review because i didn't think it was [53:10] a foul and you know again i'm good at this stuff i didn't think it was a foul i thought it was two [53:16] great athletes that crashed into each other and got entangled that was not a that was not a guy [53:20] punching somebody in the face or anything that you know would be different and i think it's i think [53:26] it's a terrible if they wouldn't allow you know a top player maybe the best maybe among the best players [53:34] on the team to play i think it would have had a big stain and uh i related just that feel i didn't [53:41] tell him what to do i can't tell him what to do but uh and i don't believe he made the decision [53:46] i think it was a committee that made the decision and they made the right decision because number one [53:50] it wasn't a foul and you want to see a game with your best players you don't want to say how would you [53:55] feel if i took uh uh you know we take uh messy out look you know he ran into somebody or we took [54:05] ronaldo ronaldo you bunked into somebody we're going to take you out of the game he's great [54:10] well harry kane harry kane we're going to take you out of the game harry because you happen to hit [54:15] somebody a little bit harder than you can't you can't do that if you would have taken him out i think [54:21] i think it would have really stained this incredible champion we got to have our best players [54:27] and they've got belgium's got a great team by the way we have our best players and they have to have [54:32] their best and if we win or we lose it's fair otherwise let's say we lost him and we lose the [54:39] game it would be a terrible thing so i think they made a really brilliant decision i think the referee's [54:46] call was horrible and nobody talks about that they talk about the red card like it's fine nobody talks [54:52] the referee's decision to red card i didn't know what the hell a red card was when i found out i [54:57] said you got to be kidding this guy just hands up okay your best player is not going to play next week [55:02] or in the next game i said wow that's a lot of power that's terrible but then i looked at his past [55:09] and it wasn't so great okay i didn't think of it but i would he's a good man i will tell you this [55:24] um the people in belgium if they win the game they can be very proud if they would win the game [55:34] with a player missing it would have been a different feeling you can't do that and i'm [55:40] very glad all i did was ask for a review i didn't say you have to do this this man is a smart tough man [55:46] johnny infantino he's a smart tough man and his stock has gone through the roof because what the job he's [55:53] done has been great and i feel we have to have all the best players in the field you can't take [55:58] the best players yeah please on the trump accounts thank you liam cosner with zero head um how what is [56:04] your plan to facilitate broad adoption of these and you mentioned you know the communists issue [56:09] particularly that crowd to get them to participate in this since i see anthony popular is here and he's [56:15] probably going to ask is bitcoin in any way going to be related to this in the future their plans to put [56:20] bitcoin in the trump accounts well i'm a big crypto i've become a big crypto guy only for [56:25] one reason if we don't have it china's going to have it and they would like to have it but now [56:31] they're not even trying that hard because we've taken over crypto but i'm a fan i wasn't initially [56:37] i didn't know much about it but uh for some of my first term i wasn't really i wasn't much involved [56:42] but i'd watch and i watched it grow and it's a huge industry and i got involved in a little bit for [56:49] politics you know because i realized a lot of people love crypto and even me as a businessman [56:54] i'd see a lot of money starting to come in with bitcoin and you know the different forms and i said [57:00] this thing's got a lot of life and then i hear china was going to make a heavy move on it just like [57:05] they do for ai by the way we're leading china substantially in ai by substantial and one of the [57:11] reasons is i allow when they build these big plants i allow them to build their electric generating [57:17] units whether they use nuclear or oil and gas whatever they want to use they can use except [57:21] wind we don't allow wind wind is terrible it just doesn't work it's too expensive no good bad for [57:27] the environment but uh and they're building their own plants with some of the greatest uh electric [57:33] producing plants that you've ever seen i mean that they're teaching the uh the companies that produce [57:39] electricity they're teaching them how to do a plant so that was my decision that was my idea [57:44] because we have an old grid it's tired it's old you can't it would take years to fix it and now [57:51] we're actually taking the excess energy that they make you know we need more than double the energy if [57:56] you take all of the electric that we have now you need more than double it to power that industry which [58:02] is so shocking when i first heard that i said no you mean like a little i couldn't believe that jeff i [58:07] heard more than double so all the electric we make for everything to power that one industry now [58:14] with that being said it's a massive industry and it's going to be for good i mean it look we're [58:19] going to have guard rails and we have guard rails you know you saw that a couple of weeks ago we [58:24] were able to stop something that we didn't like and and by the way the company was very good they [58:29] were very good you know that but it can be used for tremendous good and mostly good and some bad in [58:36] the bed we have to stop but it's a massive industry and i think things are going to happen you know what [58:41] you're seeing here with the kids i think something could happen in that regard too [58:45] with a contribution to the people of our country i'll give you a little inside information am i [58:51] allowed to do that well we have paul am i allowed to do that that's a little inside information you [58:58] understand scott you know what i'm talking about no i think you're going to see a contribution made by [59:03] those because they're making tremendous amounts of money they're also creating tremendous the medical [59:11] the medical the things that are happening in the world of medicine because of ai is is not even [59:18] believed i'm friends with many doctors because of you know what i'm doing as president and i've [59:24] become very friendly with a lot of them they're great they're great as long as they tell me i'm [59:28] healthy okay when they tell me i'm healthy so far so good where's a piece of wood but but a couple of [59:36] them got together last week and they said we can't believe the progress that's been made in [59:41] diseases things that they didn't think would happen for 10 years happen in a matter of minutes matter of [59:47] seconds so this is going to be used for good but we're leading china by a lot we're leading everybody [59:55] crypto is the same thing if we didn't do it china would do it it's a massive industry and frankly when i [1:00:02] went very pro crypto as you know biden was totally against it but he has no idea what crypto is [1:00:08] he had no he didn't have a clue but they were very violently against it they were putting people in [1:00:12] jail that what they were doing to the crypto what was horrible it's amazing it survived that onslaught [1:00:19] it was a weaponization of government so when i went very much for it and i must have gotten i think i [1:00:27] got 100 of the vote but what happened is i think it was 100 million people that's a big industry and [1:00:34] that means some pretty good things but what happened is biden then after he was getting killed he was [1:00:39] down so much all of a sudden they became pro crypto and their head of the sec was horrible unlike [1:00:47] paul who's really good no i mean he's the best man for the job everybody wanted him but he was horrible [1:00:55] what he was doing to the group they were putting people in jail oh you know that better than anybody [1:01:00] good people great prestigious people they were putting them in jail and i said you got to be kidding [1:01:07] and they were trying to destroy the industry okay ready so now i'm killing biden i'm winning by so much [1:01:13] and all of a sudden he becomes totally pro crypto they dropped all investigations of everybody [1:01:20] they allowed people to come out of jail and every time i see a crypto guy that where they [1:01:27] dropped an investigation i said you're lucky i'm president because they you know i don't know if [1:01:33] you know the biden administration became totally pro crypto uh that last couple of months because [1:01:38] they were getting killed because crypto has a tremendous audience so yeah i'm very much for crypto [1:01:44] because it's i don't it's not a question of uh a personal thing i because i let my kids do whatever [1:01:50] the hell they do they can do i don't talk to them ever talk to them about it i'm allowed to [1:01:54] i think i'm allowed to but i don't bother because this is a much higher this office is a much higher [1:02:01] calling so i make as president the president of the united states get essentially two and a half [1:02:07] million dollars for four years right spread wait a minute it's spread out over a period of four years [1:02:13] it's about two and a half million dollars i waived my salary now i figured because we've had other [1:02:18] wealthy presidents we've had kennedy and we've had uh fdr was very wealthy teddy roosevelt was wealthy [1:02:25] and one of the wealthiest believe it or not was george washington who wasn't in the white house but [1:02:30] there are pictures of him surveying this ground he's the one that sort of picked the location he [1:02:34] picked a i think he made a good choice he picked a good location but george washington had two desks in his [1:02:42] pre-white house one was and they were right next to each other one was for business [1:02:47] and one was for the presidency had two desks in the same room and so you're allowed to [1:02:54] but i choose not to i don't talk to my kids about you know this stuff but i will say this to me cryptos [1:03:00] are very powerful a lot of people are using it bitcoin they're using it at levels that nobody i don't [1:03:07] think anybody understands really how power and if we didn't do it china would do it in a minute and if we [1:03:13] let our guard down on ai if i didn't come up with the idea for electric plants producing plants they [1:03:19] become a utility basically these guys producing you might as well put them down paul i think you [1:03:25] should mark them down as utilities because frankly in many ways i'm more impressed by their electric [1:03:31] plants and they're building them on top of the buildings alongside of the buildings standalones right [1:03:36] next door but you have to see some of the electric producing the generating plants that they're making [1:03:42] nobody's ever seen because they're brilliant people and it's a fantastic thing but if i didn't [1:03:46] come up with that idea maybe somebody else would if i doubt it because it's too simple i mean it's such [1:03:51] a simple idea do you know that your friends michael when i came up with that and i told mark zuckerberg [1:03:59] i told bezos i told all of the people ai sam elon i told them all i said no no i'm gonna let you build [1:04:07] your own plant and i'm going to get your fast approvals they thought i was kidding you know they [1:04:11] said and they would submit plans without an electric plant and i'd get calls from lee zeldon who's a star [1:04:18] environmental fast approvals good approvals but fast then they call up and say sir these plants are not [1:04:26] taking advantage and i call them i said why aren't you they said we thought you were every one of them [1:04:31] they thought i was kidding because they can't believe it number one they can't believe that they're approved in [1:04:35] a period of a matter of weeks because if this was somebody else it would be 20 years before they're [1:04:40] all under construction we get we do rapid approvals and some are our nuclear plants because nuclear is [1:04:47] now really hot and safe you know i was i was not a huge proponent until two or three years ago and then [1:04:55] i saw what they my uncle was a big nuclear guy at mit he knew nuclear better than anybody i think [1:05:02] anybody in the world probably he was the smartest guy he was at mit uh the head for 41 years and [1:05:11] he said to me one day he said you know nuclear is going to be the most important thing but it's also [1:05:17] got to be watched got to be watched very carefully because it can build the world but it can also [1:05:23] destroy the world he said that i said uncle john that was a long time ago but he was exactly right he [1:05:28] called it exactly right but what they've done with nuclear in terms of generating energy is [1:05:35] absolutely you know a submarine can run at full speed for 30 years without having to refuel the [1:05:44] only thing it has to do is come up every 90 days for food they can't solve they can't solve the food [1:05:49] problem but think of it a submarine without having to guess up can run for 30 years at full speed without [1:05:58] stopping i mean who would believe a thing like that but fortunately we have the best technology [1:06:05] and we have the best submarines it's something we lead the world in by 15 years uh any other [1:06:10] questions go ahead thank you so much mr president what i said thank you so much mr president jennifer [1:06:18] on the trump accounts uh spacex uh president has said that she's going to donate shares to the trump [1:06:24] accounts have you spoken at all with elon musk about further share donations as well as other [1:06:29] corporate leaders about share donations look i'm like a cheerleader for geniuses i love geniuses [1:06:36] i love high iq people he's a high iq person uh i love high iq people and i speak to elon i speak [1:06:43] to mark i speak to jeff i speak to everybody by the way in the first term less so in fact at my [1:06:49] first inauguration none of them were standing behind me they were just the opposite and now at this last [1:06:56] inauguration every one of them was standing behind me it was sort of amazing no i speak to all of them [1:07:02] and i encourage them i want them to be tremendously successful now there's a thing called tiktok have [1:07:12] you heard of it i was watching a show this morning maria bartiromo she's fantastic and on her show they [1:07:19] were talking about the dangers of tiktok and uh chinese you know a whole thing with spying and what [1:07:28] they're doing with well except it was announced about two days ago the new numbers just came out [1:07:35] you know who the number one person in tiktok is by far trump me i just got they i'm number one like [1:07:44] taylor swift was number 11. i'm number one in tiktok by far and the numbers just came out and i said well [1:07:52] you know i'm hearing about how they influence they're talking about their tremendous danger [1:07:56] because they influence but if they influence so badly i mean i'm saying all things like i love our [1:08:02] country we got to stop communism we got to this and that we're going to do a lot we're doing a lot [1:08:06] of things but i'm by far number one it was sent to me by you know the list comes out number one [1:08:11] number two i was number one by a lot so i guess maybe i don't know maybe they're bad maybe they're not [1:08:17] i know one thing great american people uh tremendous business people and companies bought it [1:08:24] uh i called president chi and everyone said he was a hard no he was a hard no but i i said [1:08:30] you know it's a good thing for tiktok but it's good for us too uh american companies great ones own [1:08:37] our tiktok and it's very influential but i'm number one by a lot so you know i hear this this this [1:08:43] this thing was on today gordon chang i like gordon chang but he's always so negative you know nobody's [1:08:51] been tougher in china than me but gordon chang and he's a nice guy it's like the world is falling down [1:08:58] it's not true it's not true we have to be careful because china is a great competitor [1:09:03] but you know he was talking about we must stop tiktok i'm i'm number one on tiktok [1:09:08] i think it helped me win the election in a landslide if you want to know the truth yeah [1:09:11] please yeah that's a help yeah so for 50 years we've been landing helicopters on grass the grass is [1:09:25] wet soggy the helicopters sometimes miss their little mark you know they send people out marines [1:09:32] i watch them do it they march out so beautiful great guys they have a piece of metal that he put down [1:09:38] and except for the fact that these pilots are so good they almost hit the mark all the time but [1:09:42] sometimes they miss they're half the size of this desk think of it you're landing a big chopper but [1:09:49] you know um years ago and they just got produced but during my administration they ordered brand new [1:09:57] helicopters the the big ones the ones for president it's called marine one and our other marine ones [1:10:04] are about 40 years old they're all like air force one you know it's time to make a change and other [1:10:09] presidents wouldn't do that because i think it's not good to make a change to luxury but you got to do it [1:10:13] you know other countries have them so sikorsky gave we ordered a number of sikorskis as the [1:10:19] helicopters back and forth well they're about two and a half times more powerful than the old ones [1:10:25] and when you land on the grass it's not that the grass gets discolored it gets ripped out ripped out [1:10:33] and it was all over they landed it once and nobody planned for this this was a little bit of a planning [1:10:40] mistake so they landed the helicopter and half of the grass was sitting in front of the oval office [1:10:46] front door the rest of it was scattered all over the i mean literally it it didn't singe it it it also [1:10:52] singed it by the way but it it literally lift because of the power it's tremendous and everybody said well [1:11:01] we'll keep using the old helicopters when we have to land at the white house and for everything else we [1:11:07] use the new helicopters they said that's a pretty expensive deal you wouldn't do that for your [1:11:11] company you'd figure out an answer so i said because i have helicopters and three of them and i said [1:11:18] because they've been great for my business i think they're incredible so sikorsky's sikorsky 76 [1:11:27] and i always was lucky i always got helipads other people don't very hard to get the hardest thing to [1:11:33] get is a helipad okay there's no harder zoning thing to get is a helipad and i had like seven of [1:11:39] them at different places so i could go around by helicopter and i said to the people have you ever [1:11:44] thought these are generals air force generals that are brilliant and you know you get used to a certain [1:11:50] thing they bring out the metal but this was now the metal didn't work because the power of these [1:11:55] helicopters is so great it ripped up the grass right so i said has anybody ever thought of a helipad [1:12:01] because i build them and they go quickly and it solves all of the problems he's laughing it's true [1:12:09] right it's uh crazy so it was funny i said has anyone ever thought of a helipad i had like six [1:12:16] generals in front of me and they're going like wow that's a good idea you know it's like the paper [1:12:20] clip it was such a simple adventure probably he says that about a laptop to him it's a simple thing [1:12:27] to other people wow but the paper clip 200 years ago a gentleman came up with the idea for a paper [1:12:34] clip and he made a lot of money became very rich not as rich as michael dell but rich in in those money [1:12:41] and and what happened is everybody was jealous they said why didn't we think of this same thing with [1:12:46] a helipad so now we're building a helipad beautiful helipad and it's got the seal of the white house on [1:12:53] it in granite in carved granite it's a really a beautiful thing and i'll tell you sikorsky is paying [1:12:59] for it you know why because they didn't tell us how powerful these helicopters were and they felt a [1:13:05] little bit guilty they sold us hell i look i like power by the way i think it's great for a helicopter [1:13:12] but uh they probably i don't know they felt a little guilty and they are paying for the cost of [1:13:19] it's about five or six million dollars they're paying the full cost and when i heard they were [1:13:24] paying the cost i went out and said let's do a beauty let's not just do a piece of concrete and [1:13:29] paint it white which is why i just put beautiful concrete nice and we paint it white this one is [1:13:34] a beauty it's got the seal of the white house it's beautiful the eagle and it's carved out of granite [1:13:40] it's done by some of the most talented people you'll ever meet and you're landing on granite which [1:13:45] is the strongest stone that we can like the outside uh walk is black granite it's got that's 35 000 [1:13:53] pounds per square inch it's got a one million plus lifetime it's the strongest stone there is [1:13:59] and that's being used out there and it's going to be i think really beautiful and uh you can see the [1:14:04] size it's going to be beautiful it's going and it could be used for other things when helicopters [1:14:08] aren't landing you can have other things out there like events you could have news conferences [1:14:12] literally on it because it's the right size so by doing this we solve the problem and we'll be [1:14:16] able to finally retire 45 year old helicopters okay how about how about one or two more and we'll get [1:14:22] out go ahead please millions of americans are obviously very happy but when you say that the [1:14:28] critics who say this starts a precedent which other powerful leaders well i don't know i mean i i can only [1:14:35] say this i had nothing to do with the decision what i did have to do is i said i think that should be [1:14:41] reviewed because i watched the play and he didn't do anything wrong you know kind of look by the way [1:14:47] if he did i'd feel differently probably if he punched him in the face if he did something wrong [1:14:53] um i thought your young wonderful basketball player caitlin i thought that she was treated rather [1:15:02] rough if you want to know the truth that was a much different kind of an event that was a pretty bad event [1:15:08] but uh in this case he didn't do anything wrong two people ran into each other and by the way if you [1:15:14] look at that game there were 10 instances where it was much rougher than that so i think i think it [1:15:20] starts with the fact that it shouldn't have been a foul and then you have to look at the person that raised [1:15:26] the card and that's up to you people you'll look at but i didn't think it was very good because it was [1:15:30] not good and i think that johnny is is brilliant at what he does and i think they made i don't think [1:15:38] it was his decision it's a big committee and after reviewing it i think they said look it's it's uh this [1:15:44] would this game would have a big mark on it if we lost if we won no matter what happened you have to let [1:15:52] them use their best players and the game tonight's going to be amazing and we're going to have a full team [1:15:58] and belgium's going to have a full team and you know what if they beat us then they can be really [1:16:03] proud the other way if they beat us we'll say it was i say it was rigged just like the election was [1:16:10] rigged in 2020 but i won't get into that ladies and gentlemen thank you very much the trump accounts [1:16:16] are great thank you helicopter we have a delicopter