President Trump Gaggles with Press on Air Force One En Route Chippewa Falls, WI, Jun. 5, 2026

[2:57] good everything good news but the job numbers just came out and they were fantastic far better than [3:04] even anticipated they anticipated pretty good but they had no idea was going to be that [3:10] and unfortunately we're in a world where for the last 15 years or so when you have good numbers [3:16] the market goes down when you have bad numbers the market goes up because too much emphasis is [3:22] placed on inflation and you don't have to have inflation by having growth and we have great [3:28] growth and that doesn't mean inflation in fact it can be anti-inflation growth so i hope the market [3:36] starts to learn that when you have good numbers the market should go up not down question i'm sorry [3:44] given those job numbers do you think the fed should cut rates at its next meeting and do you think new [3:49] chair kevin warsh can convince the rest of the company make that decision i'd like to see lower [3:53] interest rates because each point think of this is 600 million dollars you said yesterday [4:04] uh you're interviewing some candidates for permanent director of national intelligence who's under [4:09] consideration for it um i have five interviews and we'll have a very good person watching things bill [4:18] pulte but i have five interviews so cutting rates out just getting back to you you save hundreds of [4:26] millions of dollars when you take one point hundreds of millions of dollars two points you save double [4:34] hundreds of millions of dollars and so i therefore you know from that standpoint but someday we're [4:42] gonna have to go back to your theory when we're doing so good we have more auto plans being built [4:50] than we've ever had we have more plans being built than we've had all these numbers are good but when [4:55] the numbers are good we should be allowed to grow not to stymie the growth we had a fence here that [5:03] didn't understand that pricing in a cut actually for the october meeting would like to see that but [5:10] i leave that up a hike a hike for october i leave it up to kevin but uh i've always said i've said it [5:17] for years when you have a country that's doing well the market should go up the market should and the [5:25] reason they go down is if it's doing well people say no we have to stop inflation and it doesn't mean [5:30] inflation in fact it could be just the office before the midterm elections mean though if they [5:36] were to hike we're gonna save 600 600 billion dollars every point to cut the uh office mr why do you [5:46] want bill pulty to cut the office of the director of national intelligence and how long is he going [5:50] to be in that role depends on how long it takes to get somebody approved uh he'll do a very good job [5:55] he'll you'll watch it closely but uh bill pulty is very good he's very talented done a great job at [6:03] fannie mae freddie mac uh we the value there is close to a trillion dollars we built a value that's [6:10] incredible uh so he's done a very good job and that he'll do a good job he's watching for you know [6:15] during this time period uh the number of people working there i never heard that's way too high for [6:21] way too long yeah i wouldn't mind if he cut i wouldn't mind that artificial intelligence are you [6:28] considering the possibility of the u.s government taking stakes in some ai companies well something [6:34] i did it with intel so i made a deal on intel you know we made i made for the country 50 billion dollars [6:43] we took a stake in intel it was given to us by our helpmate i said look we'll help you but you have [6:51] to give us 10 of the company that was intel just nine months ago and as i think you know we made [6:58] about 50 billion dollars on that deal would you want to do it very good job i should be a stock [7:03] broker yes sir beautiful i'm going to change the subject if you don't mind did you get a chance to [7:08] watch game one of the nba finals what'd you think i'll be going to game three i guess it's game three on [7:15] monday uh i thought it was amazing i think that i think the knicks have an amazing team the way they [7:20] played started off slow and it just got stronger and stronger wendy looks like he's going to be a [7:27] great player but they really played well did you see wendy crossing his arms during the u.s national [7:34] anthem did you have any thoughts on that i did not see that is that what he did he did yes what did he [7:39] mean by that nobody asked him i guess you have to ask him who's your favorite nick fantastic towns is [7:50] fantastic you just have a great team why do you think that the game you're going to the cheapest [7:57] price for the game three you're going to is eight thousand dollars everyday americans can't afford these [8:02] sporting events they can watch it on television sort of semi-free to watch it on television but [8:09] that's the way life goes you know for some and now if the game wasn't a big if the team wasn't a big [8:16] success you could go very easily so you know you can you can do that too but that's the way life is [8:22] you know and they've had great success and don't forget they've suffered also losses and they've [8:28] suffered during the bad time now they have a good time they have a team that's amazing i don't think [8:34] they've lost the playoff camera do you have any very unusual has that ever happened before has it [8:39] has anyone ever had this kind of a run in a playoff game on the new promenade you announced [8:46] yesterday mr president where is the funding going to come from probably it's not a lot of money and [8:52] it's going to be beautiful you know it's always been the lincoln memorial has always been very tied [8:57] to the potomac river but they built two roadways behind it unexpectedly at the time many years ago but [9:05] after the memorial was built it used to have a tie to the river and then the highways cut it off [9:11] and we have a really beautiful plan where it goes over a beautiful a beautiful uh series of platforms [9:19] that bring you right down to the river it's beautiful what's a problem it's a beautiful promenade [9:26] uh probably uh well it could come from a lot of we have a lot of sources of funding we won't have to [9:31] go back to congress we have a lot of sources of funding and a lot of people have asked me to stay [9:38] involved with the kennedy center we had a judge who's totally conflicted but that's all right he's [9:43] a totally conflicted judge should be ashamed of himself but uh they've asked me in the strongest of [9:49] language to stay involved with the kennedy center we want to see because the building will i mean it's [9:54] a very it's very dangerous number one number two it was losing for years tremendous amounts of money [10:00] so well i'm considering that but a lot of people have asked me to get it fixed we have to fix the [10:05] kennedy center both physically and from the standpoint of attendance on oil and gas prices [10:14] i know you're saying that the oil prices and gas prices will fall after the conflict against [10:18] would you limit exports of gasoline if prices in the short term go up we have a lot of alternatives but [10:24] the beautiful thing from our standpoint is we have more oil and gas and coal and everything else in [10:29] any other country or the planet and then when you add venezuela to it uh we have probably 64 [10:38] percent of that type of energy that's unbelievable the venezuela is working out very well we're [10:46] getting along incredibly the country is happy the people love the usa and we have a lot of you know [10:53] the big oil companies are moving in there now as we speak and we're going to be taking out millions [10:58] of barrels are u.s oil majors doing enough to boost output in the u.s are you asking them to do more [11:04] well we have we have everything we need the world doesn't but i will say people thought it was going [11:11] to be a lot worse you know today i looked at 96 a barrel people thought that was going to be 300 a [11:17] barrel and in the meantime we're having great success with iran we they're not going to have a nuclear [11:22] weapon and they're in no position to have a nuclear weapon senator tillis said he won't support [11:28] todd blanche's confirmation unless todd blanche condemns january 6th do you have a reaction to [11:33] that senator tillis is a loser that's why he didn't run he didn't run because i wouldn't support him [11:40] and he's just an angry man because he's not going to be a senator anymore he wasn't respected in the [11:47] senate he fought a lot of people he fought beat hexath beat hexath turned out to be a gem [11:52] uh now senator tillis is a loser so cold and he's an angry man because i basically he he was forced [12:02] to leave the senate because i wouldn't support him and he quit so now he's trying to make trouble by [12:07] you know opposing anybody todd blanche is a brilliant guy who everybody likes and everybody respects [12:14] and tillis is always like i'm going to do this i'm going to do that he should have done it before when [12:19] he was a senator he would have gotten wiped out in a race but he needed my support and i said i can't [12:24] give you my support he's not qualified he's he's not he's not good for the position of senator i didn't [12:31] hear about what he did with todd blanche todd blanche is fantastic sir all the ai companies potentially [12:37] taking these equity stakes have you spoken to sam altman or any of the other anthropologists out there [12:43] there's so much money and it's so big that there are concepts where pieces could be given to the [12:50] american public where the american public essentially becomes a partner with the company with the [12:56] companies and i will tell you yeah i have i have spoken all of them there's something very interesting [13:02] about it where it almost becomes a partnership with the american public and we'll look into that we're [13:09] going to we are looking i actually have a meeting scheduled in the very short very near future [13:15] with did you know that with all of the companies and we're talking about it where the american people [13:22] can benefit from the success of ai and by doing that they're going to like it better because we're [13:30] leading china we're leading everybody in the world with ai and we want to keep it that way it's probably [13:35] the biggest industry maybe that we've ever seen which companies in the meeting all of them all [13:41] the big ones spacex they're all coming to the white house probably next week and the idea that that [13:47] would be dividends for the american people you see i mean we're going to see sort of it's like you [13:52] make them a partnership in this revolution would be a beautiful thing and it would make them it would [13:57] make them rich senator bernie sanders proposed this 50 percent managed public private partnership [14:03] well i've been talking about it for the last year but is it odd to be kind of on the same page with [14:09] senator sanders no actually when bernie sanders was taken advantage of with hillary clinton and he lost [14:19] in the primaries a lot of people think he didn't lose i mean he got two of them right he was then and [14:24] he lost a second time with with bite but uh when bernie sanders lost you know that i got many of his [14:31] people they voted for me because we are on an economic plan as far as economics is concerned [14:39] we have certain things that aren't that far apart people are surprised but many of the as you if you'll [14:45] take a look many of the people that voted for bernie sanders when he was no longer there to vote for [14:51] they went to me i picked up a lot of his a tremendous amount of his voters how many um how much oil have you [15:00] gotten through the straight with the help of naval escorts and are you asking are you directing us [15:04] forces to guide those ships through the straight more tankers a lot i don't want to say how many [15:09] but a lot a lot of oil is coming into our country a lot of oil is coming into the world that people [15:14] don't even know about and that's why it's at 97 a barrel instead of 300 a barrel and when that whole [15:22] thing is straightened out it shouldn't take long one way the other it's going to get done and when [15:26] it's all straightened out you're going to have oil prices drop down to maybe even lower than they [15:30] were i would and you've heard me say this i was in iowa and for a gallon of gasoline it was at 185 [15:40] that was three and a half months ago last year the fbi reopened last year the fbi reopened its [15:46] investigation into the cocaine found in the white house during the biden administration have you been [15:51] briefed on where that investigation stands no but i might ask about it i might ask you mean in the [15:57] shelves where they found the cocaine actually i might i might ask about it decision on the arms [16:06] sales to taiwan that package the 14 billion are you still planning to talk to taiwan's president [16:12] about it we'll always talk to him but we're looking at it what was your reaction to john [16:17] bolton agreeing to plead guilty in the classified documents well i was never much of a fan of john [16:23] bolt i never thought he was a smart person and he was a radical uh right in terms of war not in [16:31] terms of other things he was he wanted to go to war with anybody that opened their mouth anybody that [16:37] talked uh and i used him for a purpose you know he was involved with bush and he created a lot of [16:43] problems but he always wanted to kill people and in war and that was okay for me as long as i didn't [16:52] listen to him which i never did he's a he's a bad guy john bolt he's a dirty guy and we caught him [16:59] we caught him and uh you know he wrote a book you look at all the information he took i mean if you [17:06] look at that case it's uh it's a great honor to have helped from the standpoint of encouragement i looked [17:14] at john bolton as somebody that was a very dishonest guy and not a smart guy and i guess he's paying the [17:22] price for certainly being dishonest hey center sir how do you want to be involved moving forward [17:28] the same way it is i'm the chairman so we'll just keep it going somebody has to do it it loses a lot [17:34] of money it has for years it's lost hundreds of millions of dollars for years and yet it's something [17:42] you have to keep going you know it's the arts they all lose money carnegie all you take a look at [17:48] all of that kind of thing loses so they really everybody they want me to say very badly so we're [17:54] gonna we're gonna take a look you also mentioned fannie mae and the judge really hurt the kennedy [18:00] senator because he slowed down we were gonna you know we're gonna spend a lot of money on fixing it [18:04] and making it bringing it back to health and the judge really made it very hard to do that but we'll [18:09] look we're gonna i'm gonna look at his ruling on that but we have to bring it back physically we have to [18:15] bring it back and we have to bring it back in other ways so we'll take a good look at it you [18:20] mentioned fannie mae and freddie mac with pulte's move over is now acting dni is an ipo off the table [18:29] no it's not we're thinking about an ipo for that when it's not a rush but we've created it you know i [18:37] could have sold that for literally less than 10 percent in my first term i was offered a lot of people [18:44] were offering me money to me meaning the country to buy fannie mae freddie mac as you know and it [18:52] suffered tremendous hardship and then we built it back and i could have sold it in my first term for [18:59] one-tenth of what it's worth now and i didn't want to do it now i think we you know we would consider an [19:05] ipo you and he would stay at he would potentially see that through he's staying there so who are the [19:10] people you're talking to for dni can you give us some names five different people all very good [19:16] all people that you know very well all people that do that kind of thing and they're very respected [19:22] people mr president what do you think about major league baseball owners pushing for a salary cap do [19:27] you think it's time for baseball to have a salary cap you sort of have one it's a luxury tax threshold [19:35] but the teams that have the money are willing to spend it like the dodgers you don't have a salary cap [19:38] you don't have a sport because they can't help themselves you know in sports they can't help [19:43] themselves football has a salary cap every major professional league accepts major league baseball [19:49] in america they should have done it a long time ago i know i know so much about sports [19:55] they should have done it a long time ago we're trying to help save college sports because they got [20:00] some rulings that really essentially destroyed uh college sports and we're working with randy levine and [20:08] nick saban and some great people who are trying to save it because it's so horrible what do you [20:13] think could happen if this nil just gets completely out of control and nobody checks in well i think [20:17] what's going to happen if you don't have what they're trying to do now that's sort of a cap in a [20:21] certain way if you don't have that you you really have a problem not only college but it's colleges [20:28] where you see where penn state lost 500 million dollars where a certain school that i like very much in [20:35] florida they lose four or five hundred you can't you can't have that nobody can afford that because [20:42] they go crazy that's why when you say major league baseball major league baseball it's shocking [20:48] frankly that they didn't put a cap on many years ago they had a chance to do a cap and they blew it [20:54] sir on ukraine now that selensky has proposed a face-to-face meeting with selensky do you still [20:59] want them to go first before the u.s gets involved and talks about it i don't mind i mean it's let them [21:04] deals i'm the one that got them to this position and i think that's going to get worked out i think [21:11] we're getting close to where russia ukraine should have it's a war that should have never happened [21:15] would have never happened if i was president but i think i think that's going to get worked out you [21:20] know secretary rubio take a more active role or do you expect it still be jared and steve jd everybody [21:26] we want to see it done you know we're not spending money they're buying things from us actually at full [21:32] price with biden he gave him everything he just gave him hundreds of billions of dollars of weapons [21:40] and everything else but uh it's a war that should have never happened and it's a war that has to be [21:46] last week 25 000 people over the course of the month 25 000 people were killed russia ukraine 25 000 [21:54] it's not acceptable not acceptable thank you very much have a good time [21:59] thank you sir thank you