Trump delivers remarks on health care agenda

[0:00] This is what you do, okay? [0:02] I was passed. [0:03] How many times did that? [0:05] Too many. [0:06] Do you get used to it? [0:10] Yeah, you get used to it. [0:12] You have to be careful. [0:14] The question's a hit. [0:16] Do you? Yeah. [0:18] Imagine if Travis grows up as the President of the United States of America, [0:21] and you have a picture of him with President Trump when he was two years old. [0:25] That would be the story. [0:27] I got faith in him. [0:28] You have a picture of him with President Holden. [0:31] Thank you. [0:33] Okay. [0:36] Are you all set? [0:37] All set, sir. [0:38] Well, thank you very much. [0:39] And today I'm thrilled to announce that one of the most respected pharmaceutical companies [0:45] anywhere in the world, frankly, I know it very well, is Regeneron. [0:48] And it's agreed to offer their prescription medications at heavily discounted Most Favored Nation prices. [0:55] In other words, their numbers will come down at levels that nobody's ever seen before. [1:00] The whole Most Favored Nation thing that we've been able to do with Bobby and Maz and everybody behind me, Marty, has been incredible. [1:10] It's the biggest price reduction in drugs in history. [1:13] By itself, we should win the midterms, but it doesn't work that way, unfortunately. [1:18] You know, it doesn't work that way. [1:20] People forget too quickly. [1:21] But we'll have the biggest, it's the biggest cut in drug prices in the history of our country by many percentage points. [1:27] With this announcement, 17 of the world's largest pharmaceutical companies representing 80% of the branded drug market have now agreed to sell their drugs to American patients at the lowest prices anywhere in the world. [1:40] We're going to have the lowest prices in the world. [1:43] This will result in the largest drop in prescription drug prices in the history of the United States of America. [1:50] I mean, it should be front page news, but it won't be. [1:54] It'll be back on page 19, but the people get it. [1:58] That's why we're in the Oval Office, I guess. [2:00] I want to thank Regeneron CEO, a friend of mine for a long time, good guy, great guy, CEO Len Schleifer, and Chief Scientific Officer George Yankopoulos, who are two fantastic people in the medical world, very respected. [2:16] We're also joined by Secretary Robert F. Kennedy, Jr. [2:20] Bobby, thank you. [2:21] Secretary Howard Lutnik, Administrator of the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, who's doing a fantastic job. [2:31] They all are. [2:33] FDA Commissioner Marty McCary and Chief Counselor of Health and Human Services, Chris Klump. [2:39] Thanks, Chris. [2:40] Great job you're doing, Chris, wherever you may be. [2:42] Thank you, sir. [2:43] For decades, Americans have been forced to pay the highest prices in the world for prescription drugs, by far. [2:51] Prices that were many, many times what the rest of the world was paying. [2:56] Because we had a president that didn't know what they were doing or they weren't able to get other countries to agree to it. [3:01] I was able to do that because I used tariffs. [3:05] I said, if you don't agree to it, we're going to put tariffs in your country. [3:08] And they said, we would be honored to do it, sir, after telling everybody no, including me. [3:14] But they agreed to do it. [3:15] The United States is just 4% of the world's population and consumers only 13% of all prescription drugs. [3:23] Yet pharmaceutical companies have been making 75% of their profits from American customers. [3:29] So think of that. [3:30] With 4% of the population and doing only 13% of all prescription drugs, the companies make 75% made. [3:40] I don't know, maybe, hopefully they continue because actually it's not as bad for them as it sounds. [3:47] In fact, many of their stocks are up because actually when the price goes up on the one end, they make up for the price coming down in the United States. [3:55] So it really worked out pretty good. [3:57] To address this chronic unfairness, I signed an executive order instructing my administration to do everything in our power to slash prescription drug prices for Americans while getting other countries to pay more, in many cases, much more. [4:11] But their other prices doubled and sometimes they tripled and ours would go down by 60, 70, 80% even more. [4:20] Today we're building on our unprecedented success with Regeneron committing to offer all new drugs moving forward at most favored nations prices. [4:29] They'll make their current drugs available to Medicaid and MFN. [4:35] It's most favored nation. [4:37] Additionally, they'll also offer their current drug, Praluent, which is the lower cholesterol and fight heart disease to all consumers at dramatically lower costs. [4:50] It'll come down from $537 to $225 and be available at TrumpRx.gov. [5:00] I didn't put the name. [5:01] Bobby did and Oz did. [5:03] It's true, actually. [5:05] Remember, I came in. [5:06] I said, what's this? [5:08] Do you like to say this? [5:09] It'll be better. [5:10] It'll sound better. [5:11] Would you help us? [5:12] So I now have my name on medication. [5:16] But it's doing great. [5:18] I hear it's setting records, actually. [5:20] I was watching the other day and Mark Cuban, of all people, said, it's amazing what Trump has done with this. [5:28] I can't believe when I heard him say that I was sort of in a state of shock. [5:32] But others have said it, too. [5:33] This whole thing has turned out to be hot. [5:36] So that's TrumpRx.gov. [5:39] The company will also invest $27 billion to build up research and development at pharmaceutical manufacturing here in America, which is a big thank you very much. [5:49] Today I'm also announcing that the FDA has just approved a new drug from Regeneron called O-Tarmini, a gene therapy curing a rare disease that causes deafness. [6:02] People are totally deaf and it's amazing. [6:06] I've seen some work on it. [6:08] It's actually hard to believe we're going to talk about it in a minute. [6:11] Normally, cures for rare diseases can cost millions of dollars and really the results aren't that good. [6:19] But in this case, I'm pleased to say that Regeneron will be giving this away for free for a period of time, for free. [6:27] And here with us is two-year-old Travis Smith. [6:30] He was born deaf. [6:31] Was he totally deaf? [6:33] Yeah, 100%. [6:34] This is 100%. [6:37] He was 100% deaf. [6:39] But he took this miracle cure and now he can hear his mom, Sierra, say, I love you. [6:45] And Sierra, could you maybe say a few words? [6:48] That's really incredible. [6:50] It's absolutely incredible. [6:52] Regeneron works miracles. [6:54] Yeah, he didn't know his name. [6:57] He couldn't hear me tell him how much I love him. [7:00] And now with Regeneron and this amazing surgery, he can listen to music and he loves it and he loves to dance and he loves instruments. [7:08] And I'm so proud of him. [7:10] He's been so brave through all of this. [7:12] And yeah, now we can hear and he has a bright future ahead of him. [7:15] And I'm so thankful to everybody on the Regeneron team. [7:18] That's incredible. [7:20] I mean, even the fake news has to be impressed with this. [7:24] They'll find a way to make it a bad story. [7:27] He doesn't hear perfectly, but he actually does. [7:31] It's about 1% off. [7:33] They'll figure a way. [7:35] How are you going to do it? [7:36] You got to explain. [7:37] No, they're genius. [7:38] They are genius. [7:39] I respect them a lot. [7:40] But I just want to thank you, Sierra. [7:42] That's incredible. [7:43] Thank you for having us. [7:45] He's a beautiful person, too. [7:47] That's a beautiful boy. [7:48] Thank you. [7:49] Bye. [7:50] Thank you. [7:51] His life is a happier life? [7:54] Oh, yeah. [7:55] He is so full of energy and love now. [7:57] And he was such a serious baby. [7:58] So you see such a difference here. [8:00] Yeah, he was such a serious baby. [8:01] And he was so fun. [8:02] And before that, it's very tough for him. [8:04] Oh, for sure. [8:05] He can't tell me what he wants or what he wants to eat or what he needs. [8:08] And now he'll be able to do that. [8:10] Wow. [8:11] It's life-changing. [8:12] That's a great job they've done. [8:14] I want to thank Regeneron and other companies for doing their part to bring down the cost of healthcare for all Americans under our most favorite nation's agreement. [8:22] We've secured gigantic discounts with price differences from 4 to 5 and even 600%. [8:29] 600%. [8:30] One of the most popular weight loss drugs has gone from $1,350 a month to as low as $199 a month. [8:40] So that's a price that's incredible. [8:44] So it used to sell in London for $87. [8:47] And they raised it to $199, which is a big raise if you, you know, from $87 to $199. [8:55] But that's been going on. [8:57] Our country has been being ripped off for 30 years. [8:59] How long would you say, Doug? [9:00] Like 30, 40 years. [9:01] For years with drugs and drug prices. [9:05] So they're going up. [9:07] We're going way down. [9:08] And because the world is a bigger place than we are, believe it or not, it's hard to believe that, but they are, that we go down much more than they go up. [9:17] So they don't go up as much as people would have thought. [9:20] So they're going from, they're going to $199 and we're going down all the way down. [9:26] Think of that. [9:28] We're going down from $1,350 a month to $199. [9:34] That's, nobody would believe it. [9:36] And this is true with all. [9:37] I mean, this is the weight loss drug, but this is true with all drugs. [9:43] Sometimes even more of a difference than that. [9:45] Sometimes a little bit less, but sometimes substantially more than even that difference. [9:49] And you see what that is. [9:51] So we cut the per cycle cost of IVF drugs by thousands of dollars and we reduced the price of the major COPD medication from $458 to $50. [10:07] What? [10:08] That must be a typo. [10:09] Is that a typo? [10:10] If your boy was here, he'd go, wow. [10:12] Who is he? [10:15] He left. [10:16] He got bored. [10:17] I think he got bored. [10:19] He wants to go into bigger and better things there. [10:23] But there's nothing bigger and better than this. [10:25] They'll all be available right now at TrumpRx.gov. [10:29] So it's, you know, that's why it's doing well. [10:30] It's not doing well for other reasons. [10:33] It's doing well. [10:34] Think of that, that's some discount. [10:35] but we have others and these are all top companies and top medications and I [10:40] think in the end we're gonna have every company involved we're almost there [10:43] right now but we're gonna have every company around so Trump Rx has already [10:48] received more than 15 million visitors and every American should log on to [10:52] check for massive discounts before they go to the pharmacy it's setting a record [10:56] nobody's ever seen anything like this I've actually had many companies I [11:00] shouldn't tell you this Bobby but there have been many companies say so we'd [11:04] like to buy from you if you could what Trump rx.com I said it's not for sale [11:09] it's not me it's the government the government owns it I don't own it but [11:13] they're all impressed these pharmaceutical companies they said they've never seen [11:16] anything like this so it's fantastic now I'd like to ask Secretary Kennedy to save [11:21] you a few words and then we'll have dr. Oz the team at Regeneron and Sierra and [11:28] Sierra I'm so happy for you and Chris Chris Klopp has been unbelievable a real [11:33] star you don't know his name as much as some of the others but he's a real star [11:38] of the girls so Bobby please thank you thank you mr. president I was reminded [11:45] when the president was speaking of a conversation that I had yesterday with [11:49] one of the Democratic senators who was questioning me during the hearing and she [11:54] was ridiculing President Trump for his math and she was saying it's mathematically [12:00] impossible to have a drug drop by 600 percent cost which he had claimed and I [12:07] said well if the drug was a hundred dollars and it raised the price to six [12:11] hundred dollars that would be a six hundred percent rise if it drops from six [12:15] hundred to a hundred that's a six hundred percent savings and the president [12:21] used that mathematical device to illustrate the magnitude of the theft that has been [12:28] happening against our country and our people as he said we have 4.2 percent of [12:34] the world's population we take 13 percent of the pharmaceutical drug we [12:40] spend 80 percent of the biotechnology research in our country and we provide [12:45] 75 percent of the profits to the pharmaceutical industry this is a ripoff that [12:52] has irked him for 20 years during his first term he held the line on drug prices for the [12:58] first time in history he came back on this term and he said we're gonna lower [13:03] him this time no matter what there's people in this room or a part of the [13:07] White House staff who said we can't do that Oz and I said we probably can't do [13:13] that but he harassed us we were beleaguered it was like Fort Apache [13:20] Dr. Oz would not answer his phone because he was calling all night long with the [13:25] president on the line saying get this done and we brought in this amazing [13:30] superstar Chris Klopp and he negotiated these these agreements that people said [13:37] were impossible I want to thank him for his leadership Chris and I want to thank [13:42] George and Lynn who are the co-founders of this company of Regeneron [13:48] their generosity their idealism their love of this country and their compassion for [13:54] these children over Andrew thank you thank you amazing it is amazing you're [13:58] right I took a lot of heat I'd say 500 600 but we also say sometimes 50 percent [14:04] 60 percent different kind of calculation 70 80 and 90 percent and people [14:10] understand that better but there are two ways of calculating it but either way it [14:15] doesn't make any difference whether it's 60 70 or 80 percent nobody's ever heard of [14:19] it but it's also 500 600 700 depending on the way you want to look at it so the [14:24] way the way you word the calculation it's either way but Bobby you're doing a [14:30] fantastic job we wanted somebody out of the box and we got him right I would say [14:35] we got him in Bobby he's the great guy actually so Oz how about saying a few words [14:42] please so this has been an unprecedented process the president insisted we deal with [14:47] one critical number you should all remember which is that one in three Americans when [14:50] they go to the drugstore after they've seen a doctor will often leave empty-handed because [14:54] they cannot afford the medications they're picking up so affordability was the main word [14:59] the president would use in many of those phone calls he wanted to be done fairly if we created a [15:04] partnership with the pharmaceutical industry that was remarkable and that it pushed 17 massive [15:11] companies into the fold to try to do deals again unprecedented that would allow us to claim that [15:17] they were giving the most favored nation pricing to this country to the American people the president [15:22] would not take no for an answer we got 16 companies in but not the 17th how many times do you think we [15:28] spoke about the 17th company too much 17 he said 17 he wanted to be 17 whatever Matthew you want to [15:34] make 16 is not 17 there's a reason that the 17th company was delayed it's why they're here today it's [15:39] that beautiful young boy you saw earlier when you can save a child's hearing and mr. president we [15:44] talked about a lot of numbers secretary kennedy quoted a hundred you know hundred percent six [15:48] hundred percent it's hard to beat free free is the best price and that's the starting price [15:52] with the president oftentimes and that's what this wonderful company has agreed to [15:56] i want to applaud trump rx.gov a remarkable site created by joe jebbia and corstein has done a [16:03] wonderful job with zero glitches serving more than 10 million individual unique americans so far [16:09] and mr. president it's the fastest website i've ever seen people love it because it works well [16:13] there's all kinds of additional elements being added to it which we're talking about but this [16:18] website as the president said must be checked must be checked if you're going to buy a medication [16:23] to make sure your price is the right price it's a transparency site that is more rigorous than [16:28] anything that i have seen and mr. president your name is attached to it and of course that brings a [16:32] tremendous amount of attention to it we wanted it to be perfect and the team who did that has [16:37] accomplished that exactly i want to applaud chris because you cannot thank him enough but it was [16:41] also john brooks and hernandez i see beth back there uh fio rujal a bunch of people who've done [16:46] a tremendous amount of work and what i keep hearing for the pharmaceutical industry maybe my colleagues [16:50] can address it in your comments they never expected to have a counterparty as qualified in the federal [16:55] government if you're thinking of serving your nation this is the right time to do it this is the right [16:59] administration to serve him because the president makes it easy to do the right thing gentlemen [17:04] thank you mr president secretary kennedy secretary lutnik commissioner mackery administrator oz [17:13] and i guess superstar clump yes uh thanks for having us here on behalf of all of regeneron [17:19] for those of you don't know me i'm dr lenin schleifer president and ceo of regeneron and with [17:24] me is dr george ankopoulos president and chief scientific officer of regeneron and together well i should [17:31] pause there i just realized something i'm a president he's a president he's a president and all three [17:38] of us grew up in queens new york so there's something maybe that was going on back then that was good [17:45] i'm not sure about now so anyway [17:51] together we we founded george and i founded regeneron and have built it over the past four decades [17:56] today we are here we were not pushed to be here we are happy to be here because it marks an important [18:03] step to lower drug prices we've been arguing for more than a decade that other wealthy nations have [18:10] been getting a free ride on american innovation just like in defense they've but they've been getting in [18:16] health defense a free ride and now president trump is putting policies in place to force these nations [18:23] to pay their fair share which will in turn lower prices for americans it's a good deal but we have [18:29] to remember this is just the beginning the most important battle we all face is disease itself we [18:36] have to recognize how hard this fight is for most major diseases that you or your loved one might suffer [18:42] from like alzheimer's disease to cancers to genetic diseases we are very far away from a cure and we [18:50] have to understand that discovering cures is perhaps the hardest scientific challenge humans undertake [18:57] much harder than getting to the moon not that we don't like that but much harder than even getting [19:02] to mars or making the next generation of cell phones or electric cars hard like staring into the unknown for [19:09] years sometimes decades with no guarantee that anything you're doing will ever make a difference [19:16] for somebody like travis regeneron is a great example of both the difficulty of the challenge [19:22] but also of the potential reward we spent 25 years 25 years and billions of dollars not millions billions [19:31] of dollars before we produce produced our first important medicine or even earned our first profit [19:39] maybe we should have been or might have been fired but we stuck with it we are relentless commitment [19:45] to disruptive innovation ultimately turned us into one of the most productive biotechnology companies [19:51] in history we have produced thanks to george and his team new medicines at the rate of about one [19:58] important medicine a year for the last 15 years including truly miraculous advances impacting millions of lives [20:06] and we have two people here and who are living proof mr president when you were ill with covid [20:12] it was regeneron's monoclonal cocktail that you affectionately dubbed the regeneron we love it [20:19] and that helped save your life that was invented by george right here and his team george well in addition [20:28] of the president we had a few minutes ago sierra's beautiful boy travis who was born without the ability [20:35] to hear as you heard from sierra and the same company and the same dedicated team of scientists that helped save [20:42] the president's life also delivered a first of its kind gene therapy known as otarmany so travis can [20:51] now hear his mother as she told you tell him that she loves him hard to think of a greater gift and just [20:59] like you mr president who made our antibody treatment for covet free for all americans and thus saved many [21:06] lives we have made the decision the unprecedented corporate commitment to provide this first of his kind [21:13] and we do this why to hopefully highlight the power of disruptive biotech innovation and all the good [21:28] that it can bring to all of our lives and our health but we have to remember despite the miraculous [21:36] advances like otarmany and like the regenerate covid treatment we also have to highlight how far we have [21:42] yet to go to address the many diseases that lack effective treatments and the cures will not be [21:48] coming unless we not only celebrate the advances of the biopharma industry to date but we all work [21:55] together private sector together with the government to not only maintain america's position as world [22:02] leaders in biotech innovation but to actually bump up innovation and become even more disruptive especially [22:10] in a world where china is increasing investment and heavily subsidizing its biotech industry and [22:17] reducing regulatory hurdles so as to try to displace america's leading position president trump's efforts [22:25] to make drugs more affordable as well as new fda programs such as the commissioner's voucher program [22:31] that brings safe and effective new medicines like otarmany to patients more quickly these are important [22:39] steps one additional important way that i've been talking to the administration about to maintain our [22:45] leading position in the world is to create catalysts and accelerants for our industry and for the health [22:51] care system such as developing a national health care database linked to molecular data including human [22:58] sequence data where regeneron once again is a world leader without such big data sets powerful new [23:05] technologies such as ai despite its potential will not be as useful as it could be in the quest to [23:11] develop new medicines and improve health care the biopharma industry of america has and will continue [23:18] to deliver a miraculous breakthrough you mr president and young travis are living testaments of that but [23:25] many more lives need to be helped and saved we need to attain a new level of disruptive innovation we have [23:32] to all work together to meet this challenge why because lives are at stake let me briefly say something [23:40] i'm married to a lawyer my son is a lawyer but i'm going to talk about the constitution and i'm not an [23:45] expert but i know our constitution lays out a vision on how america would out innovate out produce out thrive [23:53] every other nation on earth and in it you will find a description of a system built on incentive and [24:00] reward a system that says take the risk do the work and you will share in what you create that is why [24:07] they enshrine patent protection directly in the constitution not as an afterthought but as a founding [24:14] principle as abraham lincoln said another great president patents add the fuel of interest to the fire of genius [24:24] we must keep that fire burning what we did here today will do that little travis can now hear for [24:31] the first time and his potential is endless let's make sure he grows up in a country that never stops [24:38] reaching for the next miracle thank you great to be with you again uh chris could you say a few words [24:45] please thanks mr president it's not lost on me that this year is america 250 and it's powerful i think to [24:53] pause and remember that 250 years ago a revolutionary free republic was born and with it the greatest [25:00] innovation engine in the history of humanity and we stand here today 250 years later getting to witness [25:06] yet another groundbreaking innovation that doesn't just treat but cures deafness in children and because [25:13] of this president and his policies around most favored nation will enable families who are struggling and [25:18] suffering with this affliction to have access to that groundbreaking therapy for free now as the [25:24] president mentioned we've negotiated the 17th of 17 agreements this represents 86 percent of the [25:31] branded pharmaceutical drug market in the united states but anyone who knows us knows that we're not [25:37] done that's a milestone it's not the finish line and so we have three core objectives that are next up [25:44] number one and this is already underway we are negotiating with the many hundreds [25:48] of biotechnology and pharmaceutical companies representing that other 14 percent that are [25:53] building the cures for tomorrow to all those who are listening i hope that we have proven that we are [25:59] credible and reliable and trustworthy partners we want to sit with you we will listen to you we will [26:04] take the time to understand your businesses not only as we negotiate on behalf of every american family [26:09] for affordability but also to ensure that you're best positioned to create the cures for tomorrow [26:15] second we continue our work on negotiating international trade agreements 59 days after we [26:21] stood in this office and president trump standing with albert borila from pfizer announced the first [26:26] of the 17 mfn deals together with our colleagues from the department of commerce under secretary lutnik's [26:31] leadership and from the u.s trade president's office under the leadership of ambassador greer we [26:37] negotiated a landmark agreement with the government united kingdom in which they agreed to increase [26:42] significantly the amount that they spent on branded pharmaceuticals for the first time in 26 years [26:47] that work continues with other countries and third we will continue our work with our partners [26:54] in congress to codify the principles that underpin these most favored nation deals so that these [26:59] savings for american families and this innovation that is unleashed at the same time persists for [27:05] decades to come so that the one in three or four families that dr oz mentioned standing at a [27:10] pharmaceutical counter or pharmacy counter right now wrestling with the decision that no family [27:14] should have to make of whether or not they can pick up their prescription because they can't afford [27:18] it will no longer be the case and at the same time we know that there are roughly 20 000 known diseases [27:24] in the world and we have a treatment or a cure for fewer than a quarter of those and so this president [27:29] and his policies is not only safeguarding affordability for american families but is ensuring that we continue [27:35] to bet on american exceptionalism we bet on innovation we bet on the principles that have taken [27:40] us to this place in 250 years for the next 250 years thank you mr president thank you chris great job [27:47] you do maybe you want to talk about rescheduling while we're here and just say what you're doing [27:52] and the progress that you've made right well mr president today is another promise made promise [27:58] kept day on december 18th you signed an executive order on increasing medical marijuana and cannabidiol research [28:05] and today we delivered on that promise the acting attorney general this morning signed an order [28:10] that moves into schedule three medical marijuana products that are fda approved or that are state [28:16] licensed this is a giant move forward to implement your promise and it's actually a campaign promise [28:21] that you made you said where you're going to move into schedule three to increase the research [28:25] on these medical products and just wanted everyone to know that one you make promises you keep them [28:31] and two what does schedule three mean for state licensed medical marijuana products [28:36] we will begin implementation right away of this order it does not legalize marijuana it makes it [28:42] it makes it easy for the researchers to actually study and understand medical marijuana especially in [28:48] populations that are using it we know that one in ten seniors right now use use medical marijuana in the [28:54] past year and they report that it really helps them but we don't have the science or the understanding to [28:59] guide the patients and the doctors and so both patients and doctors are flying blind without knowing how they [29:05] interact with other medications because the research has been difficult to do and so your promise [29:09] today says those state licensed medical marijuana products are now in schedule three and we expect [29:13] the research to significantly increase so that we can understand how to guide patients and doctors [29:19] in this effort and there will be additional actions that will come this summer to do an expedited [29:23] hearing for the administrative um an administrative hearing department of justice for um all of marijuana to [29:30] move into schedule three and the military is very happy about it and a lot of people suffering from [29:36] big problems which this seems to be the best answer they're very happy about it so the rescheduling is [29:42] starting and that's a big thing rescheduling they kept saying what about the rescheduling [29:47] and so great job i appreciate it i want to thank mr and mrs howard kessler he's one of the most successful men [29:54] in the world actually and uh he had some medical difficulties and he came upon this by accident in [30:02] a way and he said well he had to go through a lot of different uh a lot of different medications and [30:10] he said this was the one that was much better than anything else and so he experienced that he didn't [30:15] benefit by it other than from the standpoint that he lives a much better life now so uh hopefully you [30:22] don't need it but if you do need it i hear it's i hear it's the best of all the alternatives but i [30:28] want to thank howard kessler and michelle kessler they really pushed this very hard these are two [30:34] people very straight arrows they're not into marijuana they're not into anything but he found this answer [30:41] and he said for the he's doing it for other people and so howard and michelle probably they're [30:47] watching or they'll be hearing about it but they worked very hard to get this done [30:53] and it's an honor and you've done fantastically you all have and i appreciate it and a man who's [30:57] doing an excellent job is howard let nick is in a little different sphere he's not in the medical [31:01] sphere but he knows what it all means and uh from commerce he's the secretary of commerce uh howard [31:08] would you say a few words for us sure so in partnership with uh bobby kennedy and memenaz and the whole team [31:17] when they do most favored nation we also ask the company to reassure and build their drugs [31:22] here in america because too many of our drugs our key drugs for our health are being made overseas [31:29] and in a conflict we can't rely upon them and i am honored to say that our partners from regeneron [31:35] have agreed to reassure their production of pharmaceutical drugs and this is exactly from [31:42] your pharmaceutical tariffs that's the point so that means four hundred and forty eight billion [31:50] dollars of drug manufacturing is coming to america because of your tariffs because of your pharmaceutical [31:57] strategy and we are proud to invite regeneron to do this giant build in america and all the rest of [32:04] the pharmaceutical companies they've committed to build in america because of your tariff policy [32:09] and your strategy and because of the tariffs we have it's been amazing actually we have eli lilly and [32:16] pfizer and all of the companies we had i guess seven of them here at one time which was interesting [32:20] to see but they actually got along with each other pretty well they stood right behind me the biggest [32:25] companies in the world and uh they're all building uh eli lilly's building i think five major plants [32:32] which without tariffs they would have built none i said how many would you build without the none [32:37] they were all making these products in other countries a lot of other countries actually not just china [32:42] but a lot of other countries and i think by the time i leave office they'll be mostly operating these [32:50] they have an incentive to do them quickly big incentive like the tariffs go up if they don't [32:55] and remember if they do them here they don't have any tariffs to pay it's an incredible incentive and if [33:00] they don't do them here they have a very substantial terror so they get penalized and it's bringing countries [33:05] not only drug companies but car companies ai is a different thing altogether but even there [33:12] but the ais we're leading china in ai we're leading everybody in ai we're leading uh now in car [33:18] companies they're coming from canada they're coming from mexico germany japan they're pouring into our [33:23] country because they're very smart should have been done long ago by other presidents we were the car [33:30] capital of the world 50 or 60 years ago and then they just started taking them away we were the chip capital [33:36] of the world and now you know intel and now uh they're coming back all the chip companies are [33:42] coming back you may say a word about that out real fast because we are what we're doing with chips are [33:47] incredible and what we're doing is saying uh at the end of a year and a half two years if you don't have [33:53] your chip company you're going to pay a tremendous tariff to put chips into this country and they are [33:57] building i think we'll have close to 50 of the chip market very soon right now we had nothing we had [34:01] nothing we had virtually nothing and they're coming in from taiwan they're coming in mostly [34:07] from taiwan because that's where chips are made but mostly from south korea taiwan various other [34:12] countries but they're coming back to america we're bringing them all back [34:16] it's a revolution nobody's ever seen what we've done there's never been anything like what we've done [34:20] we have 18 trillion dollars being invested that's for 11 months and the last administration had less than [34:26] one trillion in four years we have in 11 months over 18 trillion dollars uh howard do you want to [34:32] talk just for a second about the chip market because it's it's explosive sure so you've got semiconductors [34:38] you've got leading edge logic you've got high bandwidth memory and you have foundational chips and america had [34:46] a couple of points three or four percent market share and we are of course the biggest demand and the [34:51] president gave the order let's get these factories these fabs built in america and our expectation is we will [34:59] have one trillion dollars of these fabs these are factories this is not the hyperscalers buying chips [35:08] this is literally the making of the chips right we had micron 200 billion dollars tsmc 165 billion the [35:16] list goes on and on he negotiated a great deal with taiwan 500 billion dollars coming to america [35:23] we'll have one trillion dollars of semiconductors that's part of his 18 trillion but it's foundational [35:29] for us to take care of ourselves thank you very much now uh i'll go off subject for a minute but it's [35:36] i think it's very interesting and i hope you go home and take a look because it's happening right now as we [35:41] speak uh but first uh if you look outside so we had uh flooring outside we had a slate and it was [35:50] coming to pieces it's been there since the early 1940s and it's a path to the oval office it's a [35:57] path to the west wing and it was terrible it was broken bad shape the whole white house has been in [36:02] bad shape it's been it's right now in better shape than it is i think the day they built it this is better [36:08] right now but we're putting magnificent new granite it's called uh charcoal it's a black granite against [36:16] the white beautiful white walls uh we've stripped all of the paints off we had 200 years of paint [36:23] and we've uh redone it and it's beautiful and you can see the building but you could also see the [36:28] columns everything else but we're replacing and they're working right outside if the press wants to [36:33] go and take a look at what's they they do really pros you see the way large slabs of black granite [36:39] granite is rated as this particular granite over a million year life uh as an example concrete gets [36:47] rated for about 200 years if you get very high grade this is over it's rated over can you imagine [36:52] nature produces something better than you can make so it's very interesting it's a beautiful job they're [36:57] doing and it's uh highly polished granite in the areas you don't walk on and it's uh it's called flame [37:04] finished years that you do walk on there's no slip so it's a beautiful job and it's going up nice and [37:10] if you want to take a look outside the window so that's replacing the stone that was here from the [37:14] early 1940s a little before that and uh you'll see the ramp too we're keeping the ramp and that was for [37:22] fdr needed a ramp some people would know and uh in his honor we're leaving it i wanted to leave it [37:30] it means something uh the other thing that we're doing that's taking place right now is the lincoln [37:36] memorial has a beautiful reflecting pond or lake they call it a pool lake and pond [37:43] all everything is different but the word reflecting is a good term it was built in 1922 [37:51] and it was built out of granite and various stones on the bottom and they did never look great [37:57] because it's not really meant to be a stone that's underwater for that much of a period of time [38:02] it's about a foot and a half to two feet deep you all know it well that's where martin luther king [38:07] gave his great speech and he had a million people and i had the same exact crowd maybe a little bit [38:13] more but they said i had 25 000 people in july 4. i have pictures of martin luther king's crowd my crowds the [38:20] exact same everything but it was 70 years difference the exact same crowd but i actually had more people but [38:26] that's okay they gave him they gave him a million people they said a million people and i had 25 000 [38:33] people so but these are the things that you get with we had on july 4th a few years ago first term so [38:42] you have this reflecting lake pond is incredible but it was terrible the condition you all know it [38:51] a friend of mine came from germany to see me and he said oh we went over it so sad what's sad [38:56] this is a number of months ago he said it's filthy dirty it's the water's disgusting looking [39:03] it's not representative of the country and i said well i'm gonna have to go take a look because you [39:07] know secret service doesn't let you just walk around too freely actually and i went over there [39:13] with secret service in tow and i said isn't that a shame it's terrible and so they had bids from the [39:22] biden administration sleepy joe and they had bids for years that were going to do something to fix it [39:29] but they never got it done and it's so uh it's it's so important for our country everybody knows this [39:35] it covers the washington monument lincoln memorial it's in between it's uh 2 200 feet that's taller than [39:44] any building in the world if you lay it down on its side think of it 2000 that's a long [39:48] 2000 over 2000 feet long so it would be many swimming pools many many many stacked up together [39:56] but it would be the equivalent of the tallest building in the world plus uh laid down on its [40:01] side so it's very big it's very wide actually it looks narrow because it's so long and so [40:08] the pricing was coming in over the years but it came in sort of recently that it was going to cost 301 [40:15] million dollars to fix it it was going to take three and a half years so they had to take all the [40:21] granite out which is there again 1922 and it was leaking like a sieve you couldn't keep water [40:28] couldn't keep anything granite's not the right stone for that right stone for that but not for that [40:34] and i said you know i have an idea it's 301 million it was going to take three years so remember those [40:41] numbers 301 million this is a business study and it was going to take three to three and a half years [40:48] and over the years as a developer i've probably built more than 100 swimming pools in different [40:53] buildings i build and i have some really good pool builders i also had some really bad ones but we [40:58] took care of them they didn't last they didn't last too long howard but i've had some really good ones [41:04] some very talented very talented people they're great people i have such great respect for contractors [41:10] that are good and such disdain for contractors that are bad they charge you more money and they [41:15] give you a bad job but we we don't accept it but over the years i've had three or four really good [41:22] ones and i took the best of the three i had all three go but i ended up taking the best and i said [41:29] would you take a look at this it's 2 200 feet long he said what do you want me to look at i said have a [41:35] little swimming pool think of it as a swimming pool i said oh how big is it i said 2 200 feet [41:42] by 167 feet wide he said that's the biggest swimming pool he said i've been doing this for a lot of [41:47] years so i've never heard of a pool like that i said well you'll see it's a reflecting pool [41:51] and very famous very famous very big signal and uh very important for washington dc where we by the [41:58] way have almost no crime i have to say that's maybe the more important than talking about this [42:03] we have a crime down from a tremendously high one of the worst in the country we have almost no [42:08] crime people are walking around restaurants are opening all over the place the place is bustling [42:13] but that makes this even more important so instead of being a dirty disgusting place where [42:18] garbage was in it and everything else and i want to give doug bergum incredible credit because he was [42:24] involved the secretary of the interior he was involved right from the i called him i said doug i'm [42:29] getting a lot of complaints about the condition of this what do you think and he went over [42:33] he studied it and he came back with some ideas but i said you know doug i have a guy who's [42:39] unbelievable at doing swimming pools up the road we have a club we have an olympic-sized swimming pool [42:44] he did it 20 years ago and it's perfect to this day so i asked him i said i have an idea uh i'm going to [42:51] send my contractor over and take a look he looked at it he called me up he said sir we can do something [42:57] on it he said it's perfect actually he said it's really decaying and it's a terrible condition but [43:05] if you would i'd like to work two weeks on cleaning it up which is if you see right here you'd like to [43:11] like to repoint and fix some of the joints it won't matter because we're putting a substance over [43:16] the top but it's nice to have a nice surface and he said it'd take me two weeks and if you don't mind and [43:21] then and i'd like to pour the latest and greatest filament or material which is essentially a pool [43:29] surface but it's uh industrial gray pool and he said what color would you like sir i said well uh what [43:38] about turquoise like in the bahamas he said well this is washington sir we can give you turquoise but [43:44] why don't you try like we have a color it's called american flag blue i said that's the color i like [43:50] he talked me into it very easily so he said that's the color i like so uh he came in and remember [43:58] three and a half years you have to take all the granite out then you have to put all brand new [44:04] granite in take years to do it over 300 million our job will take one week and will cost about a million [44:16] and a half dollars and people said wow and here's the only difference because somebody said well the [44:24] difference is no the difference is this is much better this will last 30 40 50 years and if it [44:31] didn't you do it again quickly if you want so it's being done now and i think the uh i think you'd [44:38] find it really amazing to go take a look so here it is you see the trucks he's uh got scrapers and [44:46] you know all sorts of equipment to make the stone as good as possible without removing it so we're using [44:51] the existing surface so we don't have to spend millions of dollars in demolition and uh he said [44:57] much better to leave the stone than it is what's underneath they're afraid to look and so you see [45:03] it's beautiful clean it's ready to be taken care of here's a sign that we put and so doug bergam and [45:10] myself are involved in that and but when you take a look at the uh the surface we have it in good shape [45:19] and they just started today putting down the material it's a machine it lays it very evenly [45:24] beautiful goes from one side to the other it'll take about three days and you're going to end up [45:30] with a beautiful beautiful reflecting pool the way it's supposed to be much better than it ever was [45:35] actually uh it'll stay clean we even have robots that go in it and they they ride around the bottom and [45:43] they clean it like your swimming pool but these are a much higher level this is industrial grade and it's [45:49] really beautiful so you can have a beautiful pool and you'll have it uh for july 4th long before [45:55] july 4th instead of taking three three and a half years we're taking a week and instead of spending [46:02] 301 million dollars we're spending less than two million dollars and i think it's a great business [46:07] story because there are many things like that that i see i mean not maybe to that extent but there are [46:14] many things like that that i say i often talk about the pen this pen's better than the one that they [46:19] used to give away for 2000 i won't go on a long story about that because a couple of people said [46:24] he kept talking about the pen i gave you the whole history of it actually many people found it interesting [46:30] and some people thought i was doing too much of a weave but actually with this pen for three dollars [46:37] five dollars two dollars whatever the hell it costs is better than the one for a thousand to two [46:43] thousand dollars that used to hand away so uh that's the short version of it i like the short version better [46:49] but the long version is this one so this is a an amazing thing that's happening and this is a big [46:56] big beautification in addition to that the sidewalk areas around it which were done in granite similar [47:02] granite to that actually not as nice as we have here to be honest with you but you know the people [47:07] that did did it weren't in the world of real estate like i am but they have good granite circling it and [47:15] we're going to repoint it meaning we're going to caulk it up and repoint it make it good and we're [47:20] going to also uh sandblast it it'll be like brandon so we're going to have in another couple of weeks [47:25] we're going to have the most beautiful reflecting pool uh between the washington monument and the [47:30] lincoln memorial that you've ever seen and i hope the media can go over and maybe watch them do it [47:35] because it's i think it's very exciting and so fraction of the cost and a fraction of the time and [47:40] you get a better product than you could ever get the other way and it'll be beautiful and as he said [47:45] it will be american flag blue any questions please yes sir could you talk a little bit about [47:51] why your navy secretary was fired yesterday sir uh he's a wonderful guy i just put out a statement [47:56] about him very he's a very good man i love i really liked him but he had some conflict with not [48:02] necessarily pete with some other he's a hard charger and he had some conflicts with some other [48:08] people mostly as to uh building and buying new ships i'm very aggressive in the new ship building [48:15] and somehow he just didn't get along with them he's an excellent guy i think he would have gotten along [48:21] great with me i didn't really deal with him too much but he's a uh you know i consider him to have [48:28] done a very good job i put out a nice statement about him you got to get along especially in the military [48:33] you got to get along you know and and some people liked him some people didn't and that's uh usually [48:40] the truth about everything but i found him to be a very good man and i i liked him a lot [48:49] how long are you willing to wait until you get a unified response don't rush me jeff uh you know [48:54] guys like you you want to say oh so we were in vietnam like for 18 years we were in iraq for many many [49:00] years we're in for all the i don't like to say world war ii because that was a biggie but we were [49:06] four and a half almost five years in world war ii we were in the korean war for seven years i've been [49:13] doing this for six weeks and we're their military is totally defeated they're they're uh outside of [49:21] the little wise guy ships i call them the wise guy ships the little boats that they have running around [49:27] with guns in them uh and we'll take them out too when we see them but uh their navy is gone their [49:34] air force is gone their anti-aircraft is gone all of their anti-aircraft machinery is gone maybe they [49:41] load it up a little bit during the two-week hiatus but we'll knock that out in about one day if they [49:46] did uh we've done an amazing job their leaders are gone you know their leaders are all gone part of the [49:52] problem is that uh that's why i can't really answer your question they have all new leadership and [49:57] they're fighting like cats and dogs well who's going to control because we've created a real mess [50:04] for them but they've created a mess for the world over the last 47 years they've killed a lot of our [50:10] people when you see a soldier a young person or now an older person but a person without legs or [50:17] without arms or with a face that got blown to pieces most likely it was from iran it was [50:23] salamani who i killed uh salamani loved the roadside bomb he was an evil genius he was a brilliant [50:29] general probably we wouldn't be as far advanced had i not taken him out that was the beginning of it [50:34] all and then i ended the obama horror show the the nuclear transaction that he made was hard it gave [50:44] him a road to the you call it i mean what the deal that he did the iran nuclear deal was so bad it gave [50:51] him a road to a nuclear weapon and i will tell you i deal with him you cannot give iran a nuclear weapon [50:56] this is all about a nuclear weapon they cannot have the nuclear bomb and they're not going to have [50:59] the nuclear bomb so we've taken out their military we've hit about 75 of our targets we stopped a [51:07] little early because they wanted to have some peace and uh we have a blockade that's 100 percent [51:16] effective and they're getting no business and as you know they're not doing well economically [51:24] financially they're not doing any business because of the blockade they want to make a deal [51:29] we have been speaking to them but they don't even know who's leading the country they're in turmoil [51:35] they're in turmoil so we thought we'd give them a little chance to get some of their turmoil [51:39] resolved but you know and i hope the fake news people like you i hope the fake news are going to [51:45] be able to write about it accurately because when you say oh they're fighting very well they're not [51:49] fighting well they would they've been obliterated jeff obliterated uh 159 ships are in the navy you [51:57] know how many ships are at the bottom of the sea jeff 159 so you know and if you read the new york [52:06] times the failing new york times subscriptions are way down as you know that's because people don't [52:12] believe the stuff anymore if you watch cnn you'd think that they're doing well in the war they're not [52:17] doing well they're getting absolutely decimated now with all of that being said we'll see what [52:23] happens they have a lot of uh we have no pressure it's only guys like you with a question like that [52:28] about what's your time we've been doing it for five and a half weeks that the u.s now has been [52:36] involved with iran you had initially said it would be four to six weeks but i also took a little break [52:41] i gave them a break and remember this uh i want to make the best deal i could make a deal right now [52:49] do you know that if i left right now we had a tremendous success it would take them 20 years [52:54] to rebuild but i don't want to do that i want to have it everlasting i want to have it where they never [52:59] get they never have a chance to get i mean the way you asked that question yeah i did say it i thought [53:03] it would take uh four to six weeks and i was right because at the end of six weeks at the end of four [53:10] weeks their military was decimated but now what i'm doing i don't i can't tell you that i don't [53:16] want to put that kind of a timetable on it but it'll go pretty quickly and uh we'll have the [53:22] straight opened up now right now we have it closed we have total control of the straight [53:27] and the fact that it slows you know they would have opened it up three days ago they came to us [53:31] and they said we will agree to open the straight and all my people are happy everybody was happy [53:36] except me i said wait a minute if we open the straight that means they're going to make 500 [53:39] million dollars a day i don't want them to make 500 million dollars a day until they [53:45] settle this thing so i'm the one that kept it closed we have total control of it [53:50] and it'll open when they make a deal or something else happens that's very positive [53:56] what do you say to the american people who question how much longer this will take obviously you know [54:02] that they are having you are such a disgrace did you hear what i just said vietnam how many years was [54:07] vietnam how many years was vietnam well i did my head i took i took i took the country out militarily [54:17] in the first four weeks i took it out militarily now what we're doing is sitting back and seeing what [54:25] deal and if they don't want to make a deal then i'll finish it up militarily with the other 25 of [54:30] the targets we've hit 78 of the targets that we've wanted to hit we've knocked out their manufacturing [54:37] we've knocked out their missile production we've knocked out their drone production we've knocked [54:41] out everything in some cases when i say knocked it out 70 80 90 percent uh it's amazing what we've done [54:49] so i've done that within that period of time that i mentioned but i don't want to [54:53] rush myself you know because every source oh trump is under time pressure i'm not no no you know who's [54:58] under time pressure they are because if they don't get their oil moving their whole oil infrastructure is [55:03] going to explode you know what that means because they have no place to store it and because they [55:09] have no place to store it if they have to stop it something happens that only len can explain [55:16] something happens underground that essentially renders it in very poor shape and you never recover [55:23] fully you can recover 50 60 percent but you can never have it like it is right now and they have a [55:28] matter of days before that event takes place so i'm not under any pressure whatsoever we've never [55:35] had so much ammunition our our ships are loaded i call them locked and loaded they're locked and loaded [55:40] they're ready to go we have much higher quality uh equipment that we did when we first started the war [55:47] and or the military operation whatever you want to call it and they're coming to us the problem they [55:55] have is they are very disorganized right now well now yesterday and i was very pleased with this eight [56:01] young women were going to be executed yesterday afternoon at six o'clock and i i asked them call [56:10] it a favor i call it just a moral request that they not be executed and they came back with an answer [56:16] that they won't be executed they're going to release it was protesting uh eight beautiful young women very [56:22] young women and they were their pictures in the paper and it's been a story for a little while [56:27] and i saw that and i i said let's see if we can save them and they were it was very nice what happened [56:34] so uh they're not going to be what they're doing is as you know they're releasing four of them [56:38] very shortly and they're going to keep four of them in jail for a period of one month and release [56:43] them so they won't be executed yep so if you're asking for more time to sort out negotiations [56:48] i'm not asking you for more time i'm not asking for them no i'm just i'm not asking anybody for [56:53] more time if you need more time does that mean americans should anticipate spending more on gasoline [56:59] for the foreseeable future for a little while and you know what they get for that you know what they [57:03] get for that iran without a nuclear weapon that's going to try and blow up one of our cities or blow [57:08] up the entire middle east you want to see what shock would be and i i have to be honest the stock market [57:15] is at an all-time high right now i thought it would have been down 20 25 percent when we wait [57:21] can i finish my question wise guy stock market's at an all-time high right now i projected and i'm [57:30] pretty good at this that the stock market howard would drop maybe 20 percent 25 percent and i understood [57:36] that and i said hey it's a bad thing but i have to do what's right for the country even the world [57:41] because you can't have them they you cannot let them have a nuclear weapon so uh the stock market [57:48] unlike what a lot of people were predicting i thought they weren't necessarily wrong the stock [57:53] market today hit an all-time high hit an all-time high yesterday the day before and it's staying there [58:00] i thought oil would go up to maybe 200 a barrel and oil is a very a different number than anyone thought [58:08] in fact this country is much lower because we have all the oil we can use with we're actually [58:13] ships are coming from all over the world to texas louisiana and alaska they're coming from all over [58:19] the world to get oil from the united states you know while this is closed the hormones strain so [58:25] uh if you look at what i said i guess it was right because i said i'd have it four to six weeks and in [58:32] four weeks we have totally defeated that military so right now i don't want to rush it because you guys are [58:37] you know trying to make us look as bad as possible i don't want to rush it i want to take my time we [58:42] have plenty of time and i want to get a great deal i want to get a deal where our nation and the world [58:47] is safe from lunatics with nuclear weapons yes if it does go to 200 are you okay with that sir [58:56] i think that there's nothing worse than a nuclear weapon that takes out one of your cities or two of [59:01] your cities or three i think there's nothing worse than a nuclear weapon that's going to destroy [59:05] the middle east including israel i think there's nothing worse than europe being under attacked [59:12] by people that have missiles now that reach europe as you know they don't reach us but they reach europe [59:17] but they will reach us at some time probably they're not too distant future unless we stop them now [59:22] i think there would be nothing worse than having nuclear holocaust in europe london paris various [59:31] places in germany all targeted no what i what i say is you can't let them have i don't think it will [59:40] happen by the way i really think we actually it turns out that we are drill baby drill and it turns out [59:46] we're producing a lot of oil and they're buying the oil they're going to alaska they're going to texas [59:51] louisiana and our guys have done a fantastic job we're putting out right now more oil and gas than we [59:58] ever have in the history of our country and one other thing there are more people employed today [1:00:03] in the united states than ever in the history of our country okay i have a question sir is it true [1:00:09] that your administration is considering sending 1100 afghans to the democratic republic of congo [1:00:14] and if so do you have a response i don't know i'd have to check that [1:00:19] thank you mr president breitbart news is matt boyle just published an interview with greek prime minister [1:00:25] mitsutakis in which the prime minister said that he's rooting for you to succeed and getting a [1:00:30] deal with iran and he also said he looks forward to hosting you in greece later this year do you have [1:00:34] any response no it's just really nice i mean greece has been very supportive actually greece has been [1:00:40] terrific he's a terrific guy because he understands the importance of it you know oil goes up a little [1:00:45] bit i hate it you know i was the one that had it i had it down to 60 a barrel and i looked at guys like [1:00:52] howard lutnik howard you remember it well i said well we just hit an all-time high in the history of [1:00:58] the market think of this when we hit 50 000 i was told everybody was told when i won the election [1:01:05] november 5th they said well during the four-year period it'll be impossible for the doubt to ever reach [1:01:11] 50 000 it'll be impossible for the s p to ever hit 7 000 impossible and you remember that right it was [1:01:19] going to hit maybe six seven years eight years but i did it in my first year hit 50 000 now it's [1:01:25] just about at 50 000 and s p is higher than it was when we started and s p hit over 7 000 and that was [1:01:33] before the year ended up one year so i can only tell you this it'll end i don't think it'll be very long [1:01:39] by the way they're they're delaying it because they we don't know who to deal with they are in you know [1:01:45] they know who the leader is in this country we don't know who the leader is in iran because [1:01:51] remember regime change khomeini is gone he's gone to greener pastures he's gone and all of his team [1:01:59] is gone then a second group came in they're all gone and now you have the third group and they're [1:02:04] a little concerned about being gone too sir would you use a nuclear weapon against iran you posted on [1:02:09] social no we don't need it why do i need it why would a stupid question like that be asked why would i [1:02:16] why would i use a nuclear weapon when we've totally in a very conventional way decimated them [1:02:22] without it no i wouldn't use it a nuclear weapon should never be allowed to be used by anybody [1:02:31] all very much looking forward to prince harry today has said that he would like to see you do [1:02:35] more to end the war in ukraine do you think it's appropriate for a royal to make those comments ahead [1:02:39] of the visit on monday prince harry yes sir how's he doing how's his wife please give him my regards okay [1:02:46] no no i don't know i think i know one thing prince harry is not speaking for the uk that's for sure [1:02:54] i think i'm speaking for the uk more than prince harry but i appreciate his advice very much great [1:03:01] advice i look forward to the dinner we're having king charles come he's a friend of mine [1:03:07] we're really looking forward to it we've spoken and it's we're gonna have a great time i tell you we [1:03:12] if i had that ballroom built it would be full i wish we had more seats you know they've wanted [1:03:17] a new ballroom for 150 years now they're getting the best in the world we're gonna have the best in [1:03:21] the world but you know we have a little a room that's not big enough to handle what would be a [1:03:27] big crowd but we're gonna have very great people that love the uk i love the uk i think they made a [1:03:34] big mistake on energy you should open up the north sea in aberdeen you should open it up and the other [1:03:42] thing is they've made a big mistake on immigration okay what do you hope to learn from janine piero's [1:03:49] investigation into the feds renovation that you did not what do you hope to learn from the janine piero's [1:03:55] investigation into the federal reserves reservation that you did not learn when you visited the site [1:03:59] yourself well look you know the federal reserve building is a small building they're going to be [1:04:06] in there by the time it opens in my opinion for four billion dollars i built a hotel down the road for [1:04:13] 201 million that i believe is bigger than the federal reserve building 201 million the ballroom i'm going [1:04:20] to have the ballroom from three to four hundred million depending on finishes like marbles to quality [1:04:26] and quality finishes we'll go top of the line but that's a much bigger project uh when you look at [1:04:34] the fact that they've taken this beautiful building and destroyed it they've taken down the beautiful [1:04:40] ceilings with eagles they've taken down the walls that are a foot and a half thick masonry you couldn't [1:04:46] hear from office to office they ripped it all down they did they ripped down because kevin warsh who's [1:04:53] terrific said to you the saddest thing is they ripped down the nicest building in washington for [1:04:57] boardrooms and all did you know about that building they ripped it down the boardroom building [1:05:02] it was beautiful and they ripped it down and probably because it cost so much to fix it so i [1:05:08] would have done that job for 25 million had money left over it's going to cost more than in my [1:05:13] opinion it's not going to open for a long time you know kevin may not be able to have an office i'm [1:05:18] gonna have to get him an office can you give him an office yes we have space bobby do you have some [1:05:21] space over there please yeah we have a lot of space but uh it's more than you think but we're [1:05:28] gonna have kevin sitting right next to you bobby but uh it may not open for a long time i looked at [1:05:33] the other day it's a see-through see-through you know that means the walls aren't even up yet [1:05:37] this is after years and years of construction and somehow you have to find out what went wrong [1:05:44] that a small building i could have done it for 25 million dollars and had money left out it would have [1:05:49] been beautiful that a small building can cost four billion dollars it may never open it may never [1:05:57] open and we have to get to that on top of that he's been terrible in interest rates because he [1:06:01] should have lowered interest rates that's why i call him jerome too late too late it's his nickname [1:06:07] jerome too late pal he likes me a lot thank you very much [1:06:10] it came from italy from italy so it's italian granite well it came from italy it was carved in [1:06:31] italy it came from another location you know where the location is africa so you have african [1:06:36] an italian granted outside thank you thank you thank you thank you thank you [1:06:43] thanks mr president