Trump officially launches Trump Accounts for kids, ringing Wall Street opening bell

[0:00] This is about the Trump accounts, which are absolutely incredible for children. [0:05] Children can, at the age of 18 and after, become very wealthy people, [0:10] come into the world with essentially no money, [0:14] and end up at a pretty young age being very rich. [0:19] And that's something that we've wanted to do, [0:21] this country's wanted to do for 25 years. [0:24] Michael and Susan, you've been so great. [0:26] My Gerstner man has been so fantastic. [0:29] You pushed everybody. [0:30] And I just want to thank everybody. [0:33] It's a great honor. [0:35] We'll have a little fun. [0:36] And we want to be exactly on time. [0:38] Are we allowed to be 15, 20, 30 seconds lately? [0:43] Typically, no good, Jeff, right? [0:45] And I'm going to ring that bell. [0:47] And does that bill, does it stay in the White House? [0:49] Because I'm not giving it back. [0:53] We're going to put that in the middle of the new ballroom. [0:55] I'm not going to give that bell back. [0:57] It looks to me like it's going to stay. [1:00] It's staying here. [1:01] Well, we'll watch the clock. [1:05] Thank you, Mr. President. [1:06] It's so great to see you. [1:07] It's so great to see you. [1:08] Great show this weekend. [1:10] Thank you. [1:10] I was down in your box. [1:11] I hope you enjoyed it. [1:13] Thank you. [1:13] I want to stand next to these soon-to-be-very-rich people. [1:38] So we'll get going. [1:39] And good morning. [1:40] I'm grateful to be with you on this historic occasion. [1:42] The American dream belongs to every child. [1:46] And today, we are equipping the next generation with the right to claim their rightful share of it. [1:52] Through Trump accounts, our president is creating an ownership economy, an ownership economy where all citizens become shareholders. [2:00] Thirty-eight percent of American families do not have any exposure to our great equity markets. [2:07] But with Trump accounts, over time, we can get that number to zero. [2:11] Already, six million American children have signed up, 86 percent of them with families earning less than $200,000. [2:18] U.S. Treasury, 1.4 million of those accounts will receive $1,000 from the U.S. Treasury to cede the accounts. [2:30] When the markets open in just a few minutes, Trump accounts will benefit. [2:36] So ring the bell, Mr. President. [2:37] So I will just finish by saying on the heels of our 250th anniversary that this will be one of the president's most enduring legacies. [3:18] And the great bounty of this will go for generations to come. [3:21] It is my privilege to invite President Trump to speak after we had two firsts today. [3:29] First time we've ever had the New York Stock Exchange and NASDAQ do a joint opening. [3:34] And first time we've ever had the opening bell run in the Oval Office. [3:38] So, Mr. President. [3:40] Well, this is very exciting and amazing achievement. [3:55] People, we don't know this, Michael, but people have been trying to do this for 30 years. [4:01] And they were so generous. [4:02] He put up, and she put up, I think she more than him, maybe. [4:07] Both very much involved, but Michael and Susan put up $6,250,000,000. [4:14] And I'm sure if I make a phone call, they'll do it again. [4:17] The job they've done is incredible in life. [4:19] So we want to thank you very much. [4:22] Amazing. [4:22] Really amazing. [4:28] And our friend from Micron, by the way, called me on Friday. [4:31] And he said, Micron's putting in $250,000,000. [4:35] And he's done a phenomenal job. [4:37] And $250,000,000, and many other companies and people are putting up tremendous amounts of money. [4:44] And it's something I'm very proud of. [4:46] Some people think it's going to go down as one of the most important things we've done during the administration. [4:50] So after a truly historic weekend, celebrating the 250th anniversary of America today, we're thrilled to officially launch the Trump accounts. [5:02] And we had some beautiful people and speeches and tremendous crowds. [5:07] We had the biggest crowd anyone's ever seen that, unfortunately, lightning caused it to leave. [5:13] And everybody said, well, we'll do it another time. [5:16] When I heard that, I said, no, we won't. [5:17] Everybody had left. [5:18] I said, we're not doing it another time. [5:20] We're doing it on the 4th of July. [5:23] And we actually started the speech on the 4th of July. [5:25] We had to wait a little while, like a couple of hours, let the lightning pass. [5:30] And everyone had left. [5:32] And we came back. [5:33] And they had 150,000 people came back. [5:36] They took their car. [5:37] They're going back home to Texas. [5:39] They turned their car around and came back. [5:41] You wouldn't believe it. [5:42] 150. [5:42] I think the 150 was more impressive than the 425 or whatever it was. [5:47] It was pretty amazing. [5:49] And Mount Rushmore, likewise, was so incredible. [5:52] So people love our country. [5:54] Our country is doing incredibly well. [5:56] Strongest military in the world has been displayed with Venezuela, who we're getting along with fantastically now. [6:03] We've taken hundreds of billions of dollars of oil and given them hundreds of billions. [6:08] They have more money than they've ever made. [6:11] And we're doing very well. [6:12] We paid for the war many times over. [6:14] And then Iran, we're doing actually equally as well. [6:17] We're just not getting the kind of coverage that we should. [6:20] But we have eviscerated them military. [6:24] And the bottom line is our country is strong. [6:27] We have the greatest military anywhere in the world. [6:29] I was with President Xi three weeks ago. [6:32] And I said that. [6:32] And there was no argument. [6:34] Nobody's arguing. [6:35] We built it during my first term. [6:37] And we're using it now for very good reasons. [6:40] Because in this case, Iran can never have a nuclear weapon. [6:43] We can never let that happen. [6:44] And on Saturday, July 4th, our administration deposited one-time seed contributions of $1,000 [6:53] each into the Trump accounts of over 500,000 American children. [6:58] It's a lot. [7:00] And millions more. [7:01] We'll be getting additional contributions from generous donors like, as I mentioned, [7:08] Michael and Susan Dell. [7:09] They are truly incredible people. [7:11] Go out and buy a Dell computer. [7:13] He's not doing it for that. [7:15] But I'll bet his business, Brad, has gotten even bigger. [7:19] I have a son that loves their laptop. [7:23] I have to tell you, no, I want a Dell. [7:26] We're going to get him that money back one way or the other. [7:28] And then I'll ask for another $6,250,000,000. [7:31] We'll start the whole process all over again. [7:34] No, he makes an incredible product right from the beginning. [7:37] And Brad Gerstner has been pushing this. [7:40] So he's a very successful man. [7:42] Not quite as famous as the Dell family, right? [7:46] It's Michael. [7:47] But you are. [7:48] He's an amazingly successful guy. [7:50] And he's put up a tremendous amount of money. [7:53] And again, I want to thank Micron and all of the companies that have already called me. [7:58] And they're putting up a lot of money. [8:00] This is nothing. [8:01] This is not me. [8:02] And putting the name on it was not my idea. [8:05] That was a whole group of people that passed legislation because this is all made possible [8:10] only by the passage of the great big beautiful bill. [8:14] And I knew that this was happening, but I didn't know. [8:17] All of a sudden, they see my name on it in the bill. [8:20] But I'm very proud to have my name. [8:21] They think it would sell. [8:22] They said, it'll sell better if your name's on it. [8:24] I said, look, leave it on. [8:25] But I did not. [8:26] I just want to know. [8:26] I did not ask for it. [8:27] Michael, is that a correct statement? [8:29] Did I have a go to you and say, Michael, don't put up the money unless they use my name? [8:34] No. [8:34] But I have done that in other cases, I will tell you. [8:37] In certain other cases, I've done that. [8:40] Right, Scott? [8:40] But not in this case. [8:42] This is a very special kind of a thing that took place. [8:46] In a way, it's a miracle. [8:48] Nobody thought it was possible. [8:49] Think of it. [8:49] Children that are born without money, without any money, great parents. [8:55] They can have everything can be great, but they have no money. [8:57] They can become very wealthy children at 18. [9:01] And they can flip it over, or their people can flip it over into other vehicles at a certain [9:07] age so that they don't take it out. [9:08] I would recommend they probably don't take it out, but they can have a lot of money, especially [9:14] if the market continues. [9:15] Can you imagine if you did this during Trump a year ago, a year and a half ago, where the [9:22] market's gone up at levels? [9:23] As an example, everybody said when I got elected, there's no way that during the four-year period [9:29] we'll ever hit 50,000 on the Dow, and we hit 50,000 on the Dow, I would say, in the first [9:37] year, records. [9:38] We had records. [9:40] What NASDAQ has done, what the New York Stock Exchange, all the stock exchanges, 7,000 on [9:46] the S&P was impossible during the first year. [9:49] But they really thought it was impossible in four years, and we hit it before the first [9:53] year. [9:53] So if you had, if the children had invested the money a year and a half ago, we should [9:59] have acted faster, actually. [10:00] It's too bad. [10:02] But it's going to go up. [10:03] We have a hot country. [10:04] It's going to go up. [10:05] I think the market's going to go through the roof. [10:07] When all those factories open, they're being built all over the country at record numbers. [10:11] We have never built in the history of our country what we're building now. [10:14] We have $19.2 trillion, and much of that money is going toward building factories, plants, [10:21] AI, automobile. [10:23] We've never built as many automobile plants. [10:25] They're all over, and they're coming from all over the world. [10:28] You know why? [10:29] Because they don't want to pay tariffs. [10:31] If they build their cars here, they pay no tariffs. [10:33] So Japan, instead of making them in Japan or South Korea, instead of making them in [10:37] Germany with Volkswagen and Mercedes and BMW, they're all building plants here now. [10:43] They're coming out of Canada. [10:45] They're coming out of Mexico. [10:46] Mexico took a lot of our business. [10:48] So did Canada. [10:49] They're all coming back. [10:50] I don't know what the countries are going to do, but they're all coming back. [10:53] So today, with the ringing of the opening bell for the stock market, those accounts [10:57] will now begin to grow right along with our booming economy. [11:02] And I really believe we're going to have the biggest boom of all right now. [11:05] You haven't seen anything yet. [11:06] Between individual contributions and the seed funds, $800 million in new capital will be [11:13] invested in the stock market for America's children this week. [11:17] And I also think that we're going to be putting numbers in the budget, which will be really [11:21] spectacular. [11:22] Because it's really not costing us anything. [11:24] We're giving this money to children so they can have a good life. [11:28] Very early on, they can have a good life. [11:31] And we're going to be doing also something we're working on later on. [11:35] And it'll be also, I think, very popular. [11:38] And I guess the best definition is they have a plan in Australia, which people really like. [11:43] It's really worked out very well, incredibly well, and very respected. [11:47] And we're going to be talking about that with Congress and see if we can implement it. [11:52] And that would be more for grown-ups as opposed to children. [11:55] But it's something that's going to be great, I think, if we can get it done. [11:59] And we're going to try very hard. [12:01] But again, I want to thank Michael and Susan, Brad, and his son Lincoln, as well as Secretary [12:09] of the Treasury, Scott, who is really, Scott Pessant, who has really been an incredible, [12:15] if you're casting a movie, you put him as the Secretary of the Treasury because he's central [12:20] casting. [12:21] Do we agree? [12:22] Wouldn't you say? [12:23] He's done, more importantly, he's done a great job. [12:25] SBA Administrator Kelly Loeffler, who has been phenomenal. [12:30] Chairman of the SEC, Paul Atkins. [12:33] Paul, thank you. [12:34] What a job you do. [12:36] You know, there's always been a problem there. [12:38] And with you, everything goes smoothly. [12:41] Although, I have to say, Jay did a very good job also during my first term. [12:46] But Paul's been incredible. [12:48] Everybody, everybody wanted Paul. [12:50] And he's exceeded expectations, I will say. [12:53] And everybody knows it. [12:54] Thank you, Paul. [12:54] Great job you're doing. [12:56] Director of the National Economic Council, Kevin Hassett. [13:00] I didn't want to lose Kevin. [13:01] I said, Kevin, you're at a huge disadvantage, selfishly, for a certain other position. [13:06] And we had the two Kevins, and they're both great. [13:10] And a friend of mine, Ted Cruz, we fought each other for a while. [13:15] And he's a very tough competitor. [13:18] And we became friends. [13:19] We were actually great friends before the campaign. [13:21] And everybody said, will this ever end? [13:24] In fact, he was doing a rally. [13:25] He said, could we do a joint rally? [13:27] That's like you people doing a joint bell ring. [13:30] It's like crazy, right? [13:31] But he said, remember, we did the joint rally outside in Washington. [13:35] We had a big crowd. [13:36] And the media was saying, will it ever end? [13:40] I said, it will, but not yet. [13:42] But it ended. [13:43] But then it came together better than, I think, better than ever before. [13:47] He's done a wonderful job as a senator. [13:49] Highly respected. [13:50] In fact, somebody said, would you ever appoint him to the United States Supreme Court? [13:55] Because he's a brilliant lawyer, Ted. [13:57] I said, well, he's the only one I can think of that's going to get 100 votes. [14:01] All Republicans will vote for him. [14:03] All Democrats will vote for him. [14:05] Because they want to get him the hell out of the Senate. [14:07] No, if I was having a hard time with getting the votes, I would appoint Ted Cruz. [14:13] I get 100%. [14:14] A guarantee. [14:16] But when you look at all of the different things that have taken place, [14:22] and you look at the international nature of what we're doing, [14:26] because these are all international companies. [14:29] So many I can't mention because they're too big to mention. [14:31] The kind of money that's being invested is really, really incredible. [14:37] So, again, I want to, just because they're friends of mine, [14:40] but the exchange CEO, Jeffrey Sprecher, is here today. [14:44] He's an amazing man. [14:46] Amazing success. [14:47] His wife has done a fantastic job at small business. [14:51] They call it small business, but when you add it all up, [14:53] it's probably the biggest business in the world, right? [14:57] But Kelly has been incredible. [14:59] And Jeff, thank you very much. [15:01] New York Stock Exchange President Lynn Martin, we want to thank. [15:06] And NASDAQ Chair and CEO Adina Friedman, [15:10] and NASDAQ President Nelson Griggs. [15:13] We have all of them. [15:14] This is a fantastic group of people. [15:17] Thank you very much. [15:18] Thank you. [15:19] We've got them all. [15:20] Did you ever think you'd be in this? [15:22] Well, this is a great room. [15:23] This is amazing. [15:24] I always, when people walk in, the biggest people in the world, [15:27] people that are, in many cases, on your exchanges, right? [15:31] They walk in and they look around. [15:33] They go, oh, my God, I can't believe it. [15:35] I don't want to use names. [15:37] Larry Ellison walked in. [15:39] And he said, what? [15:41] Where am I? [15:42] This is so... [15:43] It takes a while. [15:45] Actually, if you're negotiating, [15:46] you have people at a great disadvantage [15:47] because they're all screwed up, you know? [15:50] It's a great place. [15:52] I think it's the most important room anywhere in the world. [15:54] So I thought it would be good to do this here, right? [15:57] We seldom do that. [15:59] But this was the first ever joint bell ringing [16:02] between the New York Stock Exchange and NASDAQ. [16:05] And hopefully it won't be the last. [16:07] I think it's, you know, [16:08] there are a lot of things you could do together [16:10] that would be good. [16:11] It's amazing the way you came together. [16:13] And it was really easy. [16:14] And they're competitors. [16:16] But it's a great tribute, I think, [16:18] to all of you that you were able to do this. [16:21] People are talking about it. [16:22] The SEC chair, let me ask you, [16:27] are you shocked that they can... [16:29] This makes your job... [16:30] Doesn't this, Paul, [16:31] doesn't this make your job a little bit easier? [16:33] Isn't it nice? [16:35] Why can't we do that with Democrats and Republicans? [16:38] Maybe that's a tougher one. [16:40] I think that might be tougher. [16:41] We like borders. [16:43] We like things that they don't like. [16:45] But if parents have not done so already, [16:49] and they are doing so in record numbers, [16:51] they should go right away to trumpaccounts.gov [16:54] and sign their child up [16:56] for a free investment savings account. [16:58] And again, a lot of people are... [16:59] People that are uninvolved in terms of... [17:02] They don't have the children, [17:03] but... [17:04] Or their children are older. [17:06] But they're putting millions and millions of dollars [17:08] into the accounts of poor children. [17:11] Financially poor children. [17:12] And the parents can't even believe what's happening. [17:17] So it's an amazing thing. [17:20] But parents, loved ones, churches, [17:22] and generous companies and individuals [17:23] will be able to contribute funds to these accounts [17:26] to grow throughout the child's life. [17:30] And again, if we have a good market like we do now, [17:32] they're going to become actually very rich. [17:35] They'll have hundreds of thousands of dollars. [17:38] Think of that. [17:39] Think of it. [17:40] A child that has no money [17:41] can have hundreds of thousands of dollars [17:44] at a very, very young age. [17:48] Accounts could grow to be worth numbers [17:51] that nobody ever thought even possible [17:53] just six months ago before we did this. [17:59] And again, I have to thank Michael and Susan [18:01] because they were so proactive. [18:03] It was actually... [18:04] It was really amazing. [18:05] I just think they're amazing people. [18:07] So Trump accounts are about giving every American child [18:11] a stake in America's future [18:12] and getting some of the upside. [18:16] And nobody's seen anything like it. [18:18] And senators like Ted Cruz were at the forefront. [18:23] And they should be really commended. [18:24] People have to remember it in the future. [18:27] It's like so many things I did were so good [18:30] and that's only got a two-year life. [18:33] Like as an example, Kevin, I closed the border. [18:35] We have nobody coming into our country illegal anymore. [18:38] And I want to make it in my speeches. [18:40] And they say, sir, nobody cares about that. [18:41] You've solved the problem. [18:43] I said, I'd like to talk about it. [18:45] They said, nobody cares about the border. [18:47] You've solved that problem. [18:48] I said, what kind of a business? [18:50] You solve a problem, [18:50] you're not even allowed to talk about it. [18:52] Nobody even wants to hear about it. [18:53] It's pretty tough. [18:54] But this is something [18:55] that they're going to be talking about for a long time [18:57] because this is going to grow to levels [18:59] that I think people have no idea. [19:01] I already see the numbers. [19:02] So there could be no better way to begin our 250th year. [19:08] It is so appropriate. [19:09] Think of that. [19:09] We're doing it just at this time, this special time. [19:12] It's pretty amazing. [19:13] So I'd like to maybe ask Michael Dell [19:16] to come up and say a few words, [19:17] followed by Lynn Martin and Adina Friedman and Jeff [19:21] and some of the people that had so much to do. [19:25] I'd like to have our great senator, Ted Cruz, [19:28] say a few marks. [19:29] And anybody else that wants to, [19:31] this is a big celebration. [19:32] This is a much bigger situation [19:36] than anybody can imagine. [19:38] And then we'll take a few questions, okay? [19:40] Thank you very much. [19:41] Go ahead. [19:41] Michael, please, why don't you start it off? [19:50] Thank you, Mr. President. [19:52] Susan and I are very honored to be here [19:54] as we celebrate the 250th. [19:57] You know, 42 years ago, [19:59] I started a company in my dorm room with $1,000. [20:03] And today, every newborn American child [20:06] will start their life with $1,000 [20:09] invested in America's greatest companies, [20:12] compounding for the future. [20:15] But Susan and I didn't want the children [20:18] that were born just before [20:20] to be completely left out. [20:22] So we are contributing $6.25 billion, [20:26] $250 to 25 million eligible American children [20:31] born between the ages of 2016 and 2024, [20:35] invested in America's greatest companies [20:38] for their future, for their tuition, [20:41] for down payments, [20:43] for startup capital, for a business. [20:47] And to every business leader out there [20:49] who hasn't already joined us, [20:51] please join us. [20:54] You know, 250 years ago, [20:57] our founders in the Declaration of Independence, [21:00] which is right there, [21:02] pledged their fortunes to an idea. [21:07] Today, we're pledging our fortune [21:09] to the next generation of children. [21:15] So to tens of millions of American children, [21:18] your American story starts now. [21:22] Thank you. [21:23] Susan. [21:23] Thank you, Mr. President. [21:31] I am so grateful to you [21:33] for making the Invest America Act happen. [21:39] You have made investing in America's children [21:42] such an important initiative for our country. [21:47] These accounts are a statement of belief [21:50] in our nation's young people. [21:53] And believing in our country's children [21:55] matters enormously. [21:57] The incredible leaders of our, [22:04] future leaders of our country [22:06] are the young children [22:08] that we are raising today. [22:11] Investing in America's children [22:12] essentially means investing in our future. [22:17] It's an investment in America's ability [22:19] to grow, to lead, [22:23] and to compete for generations. [22:25] Michael and I have believed in this idea [22:29] for a long time. [22:31] And seeing this become real is fantastic. [22:35] A child that has a financial account [22:38] in their own name [22:39] is a child who has so many more opportunities [22:44] and hope. [22:45] And as a mother, [22:47] I know that every child deserves that. [22:51] So parents, [22:52] claim your child's Trump account today. [22:57] Years from now, [22:58] your child will thank you for it. [23:05] Mr. President, [23:06] thank you so much for having us today. [23:08] It is truly an honor [23:10] to be here for this occasion. [23:12] For the last couple of days, [23:14] we have celebrated [23:15] the thing that makes this country unstoppable, [23:18] and that is our freedom. [23:21] And out of freedom [23:22] is born the American dream. [23:25] And today, [23:26] under your leadership, [23:28] it is the purest manifestation [23:31] of that American dream. [23:33] You are offering the American dream [23:36] to the youngest generation [23:38] to allow them to participate [23:40] in the great wealth of America. [23:43] And as the president [23:44] of the New York Stock Exchange, [23:45] we couldn't be more proud to be here, [23:47] more grateful to you [23:49] and your leadership [23:49] and more optimistic [23:51] about the future of this country, [23:54] which is going to be led [23:57] by this next great generation. [24:00] We were born on the corner [24:02] of Wall and Broad Street, [24:03] where our first president [24:05] was inaugurated. [24:06] And we could not be more optimistic [24:10] about this nation's future. [24:13] Thank you so much. [24:14] Mr. President, [24:20] thank you very much [24:20] for inviting us [24:21] into the Oval Office today [24:22] to celebrate something very special. [24:25] As Americans, [24:26] over many, many generations, [24:28] we have come together in unity. [24:29] And today, [24:30] the NASDAQ [24:31] and the New York Stock Exchange [24:32] have come together in unity [24:33] for a great common cause, [24:35] the Trump accounts. [24:36] The Trump accounts [24:37] are underpinned [24:38] by the U.S. capital markets, [24:40] which are really the engine [24:41] of the greatest economy [24:42] in the world. [24:43] But part of that promise [24:44] of the markets [24:45] is to make it [24:46] so every American [24:47] can share in that great economy. [24:49] And today, [24:50] with the Trump accounts, [24:51] the next generation [24:52] of Americans, [24:53] every American, [24:54] will have the opportunity [24:55] to be a part [24:56] and share [24:57] in the prosperity [24:58] of this nation. [24:59] So I want to thank you [25:00] for your vision, [25:01] Mr. President, [25:01] on behalf of NASDAQ [25:03] and on behalf [25:03] of the millions of families [25:05] who will benefit [25:06] from what you've created. [25:07] So thank you. [25:14] So hi, [25:15] I'm Jeff Sprecher, [25:16] the chairman and CEO [25:18] of the parent company [25:18] of the New York Stock Exchange. [25:19] One of the things [25:21] that we celebrate [25:21] on Wall Street [25:23] and we all in this room, [25:25] we talk about Wall Street [25:26] as the capital markets. [25:27] And I don't think [25:28] people realize [25:29] that partly why Wall Street [25:30] has its prominence [25:31] is that our first president [25:33] was sworn in on Wall Street [25:35] and the New York Stock Exchange [25:36] was started to finance [25:38] a brand new government [25:40] and a brand new vision [25:41] for a country. [25:43] So it's amazing [25:43] that 250 years later, [25:46] this president [25:46] is making that available [25:48] to all Americans [25:49] directly. [25:51] And so it's incredibly fitting [25:53] in my mind [25:54] that we're here [25:55] in this capital, [25:56] which obviously [25:57] is no longer New York, [25:59] to widen the markets [26:01] for everybody in the country. [26:02] So thank you, [26:03] Mr. President. [26:04] Thank you. [26:05] Mr. President, [26:09] thank you for having us here. [26:09] This is truly a remarkable day, [26:11] remarkable setting [26:11] for what has been [26:12] a historic event. [26:14] And at NASDAQ, [26:15] every day we get to see [26:16] brilliance come through the doors. [26:18] Companies have created jobs, [26:19] they've created an economy, [26:20] and now the fact [26:21] that's able to be shared [26:23] for all these children [26:23] is just a remarkable, [26:25] remarkable feeling [26:25] to be here [26:26] and to look what we've created. [26:27] So congratulations. [26:28] Thank you. [26:28] It's great to be here, [26:35] Mr. President. [26:35] We wouldn't be here without you. [26:37] It was just over a year ago [26:38] that Michael and I [26:40] shared with you [26:41] the idea [26:42] for the Invest America Act. [26:44] We'd been working [26:45] on it for four years. [26:46] We had tried to get it done [26:47] under a prior administration. [26:48] Kevin and I [26:49] met in the speaker's office [26:51] some three and a half years ago [26:52] on the idea. [26:54] It took this president [26:55] and his entrepreneurial courage [26:58] less than a minute [26:59] to say this must happen. [27:02] This is the whole purpose [27:03] of my presidency, [27:04] the Main Street agenda, [27:06] the 70% of people [27:08] who have been left out [27:09] and left behind [27:10] who feel they're no longer [27:11] connected to the American dream. [27:13] And he called the speaker [27:14] and told him to put it [27:15] in the reconciliation bill. [27:17] That, my friends, [27:18] is leadership. [27:19] It doesn't just happen. [27:21] In fact, it rarely happens [27:23] in a place like Washington. [27:25] And his courage [27:26] and his leadership [27:27] of this administration, [27:28] you know, [27:29] and then the great partnership [27:30] of my friends [27:31] Michael and Susan Dell [27:32] and so many others [27:33] to bring this to fruition. [27:35] But let me be clear. [27:37] Today is day one, [27:38] Mr. President. [27:40] We're committed [27:40] to the next 250. [27:42] And what that means [27:43] is not a million kids [27:45] in America, [27:46] not two million kids [27:47] in America, [27:48] every child in America, [27:49] all 70 million kids [27:52] under the age of 18 [27:53] deserve to have [27:54] one of these accounts. [27:55] We're going to get [27:55] the accounts open for them. [27:57] We're going to get them [27:57] fully funded. [27:59] The outpouring of support [28:00] from America's [28:02] corporate leaders, [28:03] small business leaders, [28:04] moms and dads, [28:05] great philanthropists, [28:06] we believe will raise [28:07] over $100 billion [28:09] for America's kids [28:11] over the course [28:11] of the next 12 months. [28:13] This isn't a program. [28:16] This is a transformative platform. [28:19] Think of 1935, [28:20] social security scale platform. [28:23] Over the next 15 years, [28:25] over $2 trillion [28:27] will go into the pockets [28:29] of kids and families [28:31] that would have otherwise [28:32] had zero, [28:34] that would have been [28:34] left out of America's [28:36] capital markets. [28:37] That is a legacy [28:38] worthy of the great mission [28:40] of this administration. [28:42] And it would not have happened [28:43] without you [28:44] and the leadership [28:45] of your administration. [28:46] So thank you. [28:54] Mr. President, [28:54] I want to congratulate you [28:55] on your historic leadership. [28:58] The document hanging [28:59] on that wall [29:00] just turned 250 years old, [29:02] as did the nation [29:03] that it created. [29:05] And the bell [29:06] that you just rang [29:07] on the resolute desk, [29:08] I believe heralds in [29:09] that the next 250 years [29:11] will be even greater [29:13] than the first 250. [29:14] You mean the bell [29:17] that I'm not giving back? [29:20] That I am not giving back. [29:21] I think everyone knew [29:23] you were going to keep the bell. [29:26] And on behalf of all Americans, [29:29] thank you for getting rid [29:30] of that ridiculous red card. [29:36] This is his... [29:37] That was interesting. [29:38] It was spectacular. [29:41] There was a reason [29:42] the FIFA trophy sat here [29:43] for as long as it did. [29:45] Mr. President, [29:46] this program, [29:48] you know, [29:49] a second ago, [29:50] Brad made reference [29:50] to 1935 and Social Security. [29:54] Trump accounts [29:54] are in many ways [29:55] Donald Trump's New Deal. [30:00] But instead of having [30:01] government taking care [30:02] of everyone, [30:04] Trump accounts [30:05] are about making [30:05] every child [30:07] and every American [30:08] a capitalist. [30:10] Every one of our kids [30:11] is now going to be [30:13] an owner of the biggest [30:15] producers in our country. [30:16] Kids, [30:17] you guys there, [30:18] each of you, [30:18] are getting an account. [30:21] These folks here [30:22] gave you $250. [30:25] That's a lot of money [30:27] that you have right now. [30:29] And you know what? [30:30] With that $250, [30:32] you've purchased [30:34] a little bit [30:35] of a bunch [30:35] of big companies. [30:37] You know McDonald's? [30:39] You now own [30:40] a little bit of McDonald's. [30:42] When you go to McDonald's, [30:44] you can look around [30:45] and say, [30:45] I own this place. [30:48] If you get on an airplane [30:49] and fly, [30:50] you look at a Boeing airplane, [30:52] you now own [30:53] a little bit of Boeing. [30:55] Can you believe it? [30:56] You're an owner [30:56] of Boeing? [30:59] That is transformational. [31:03] That changes the way [31:04] every child looks [31:05] at the world [31:05] and the ability [31:06] to accumulate [31:07] life-transforming savings, [31:10] hundreds of thousands, [31:11] millions of dollars [31:12] for the kids [31:13] of single moms. [31:15] That is powerful. [31:16] And Mr. President, [31:16] in particular, [31:18] I want to thank you [31:19] for your unequivocal commitment [31:20] that this administration, [31:22] your administration, [31:24] is going to auto-enroll [31:26] every child in America, [31:27] all 70 million children [31:29] will have accounts [31:30] open for them, [31:31] accounts that can then [31:33] receive gifts [31:34] from people like [31:35] Michael and Susan [31:36] and Brad. [31:37] Accounts that, [31:39] let me say to every parent [31:40] at home, [31:40] please right now [31:41] go to trumpaccounts.gov. [31:43] Go to trumpaccounts.gov, [31:45] sign your kids up. [31:46] To every employer, [31:47] if you're not contributing [31:48] to the accounts [31:49] of the employees [31:50] of your kids, [31:51] do so now. [31:52] Match their contribution, [31:53] double their contribution. [31:54] And to philanthropists, [31:57] go adopt a state. [31:59] Go adopt your city. [32:00] Go adopt a school. [32:01] Go say, [32:02] the kids in my community, [32:03] the kindergarten class here, [32:05] we're going to help them [32:06] get started. [32:08] This is a moment, [32:09] I believe, [32:09] transformational [32:10] to make sure [32:12] the next $250 [32:13] is even better [32:14] than the first. [32:15] Thank you, [32:15] Mr. President. [32:16] He adopted [32:24] an entire state. [32:26] Yeah, [32:26] so I'm from Indiana, [32:27] and we're going [32:31] to add $250 [32:31] following Michael [32:33] and Susan [32:33] to all kids [32:34] in the state of Indiana [32:35] under the age of five, [32:36] Ray Dalio in Connecticut. [32:38] We have lots [32:39] of philanthropists [32:40] that are adopting states, [32:41] cities now. [32:42] We have the city [32:43] of San Francisco [32:44] has been adopted, [32:45] the city of Oakland, [32:46] and recently [32:47] with, [32:47] you know, [32:49] with Katie, [32:50] we've adopted [32:51] a school [32:51] in the city of Durham. [32:54] We've adopted [32:55] a boys and girls club [32:56] in Philly. [32:57] We've adopted, [32:58] you know, [32:59] a big brothers, [33:00] big sisters [33:00] in Newark, [33:02] New Jersey [33:02] last Wednesday, [33:03] and it's all [33:04] to show the country [33:05] the art of the possible. [33:07] When you create [33:08] an open source platform, [33:09] anybody can give [33:10] to anybody. [33:11] These accounts [33:12] have a QR code [33:13] in them, [33:14] and somebody sends [33:14] you the QR code [33:15] and you just double click [33:16] on your phone [33:17] and money goes [33:18] into the account. [33:19] Thank you to Joe Gebbia [33:20] and the National Design Studio [33:21] for their incredible work [33:23] on the account. [33:25] Thank you. [33:25] To the SEC? [33:30] Thank you, [33:31] Mr. President. [33:32] Paul Atkins, [33:33] Chairman of the SEC. [33:34] So this is an amazing day, [33:37] and really I salute you [33:38] and Senator [33:39] and Secretary Besant [33:42] for all that you've done, [33:44] you know, [33:44] to help these accounts go [33:45] and then the philanthropists [33:46] who have also put money [33:48] into it. [33:49] But the Senator [33:50] has it exactly right. [33:52] We have to remember [33:52] that all the folks [33:53] who signed that document [33:55] 250 years ago, [33:56] they understood well [33:57] that America [33:58] was actually an investment [34:00] before it was a nation. [34:03] So joint stock companies [34:04] were stood up [34:05] in England [34:06] and France [34:07] and the Netherlands [34:08] to establish [34:09] New Amsterdam, [34:10] for example, [34:11] now New York, [34:12] and to support, [34:13] you know, [34:14] the people there. [34:15] So that is in our blood [34:17] as a nation. [34:18] And everywhere I go [34:19] around the world [34:20] to talk to my counterparts, [34:21] finance and other regulators [34:24] around the world, [34:25] they always ask me, [34:26] how do we replicate [34:27] America's whole ethos [34:30] of investment [34:31] and risk-taking? [34:32] Well, this is exactly [34:33] how to do it. [34:33] As the Senator said so well, [34:35] for the next generation [34:36] to have a feeling [34:38] that they have [34:39] a real stake [34:40] in our economy, [34:41] in the products [34:42] that are made [34:43] for their benefit [34:44] and for the benefit [34:45] of the world, frankly. [34:47] So I think [34:48] it's an exciting day. [34:49] Thank you very much [34:49] for your leadership [34:50] and I'm really proud [34:51] to be a part of it. [34:52] Thank you very much. [34:53] I'd just like to add [35:03] a couple things [35:03] that have been so much [35:04] wonderful things [35:05] that have been said, [35:05] Mr. President, [35:06] about what you're doing. [35:06] This is absolutely transformational. [35:08] I'd like to tip my cap [35:10] to Secretary Besant. [35:12] His staff originally told him [35:14] when this idea was floated [35:15] that it would take [35:15] a year or two [35:16] and Scott said, [35:18] no, it's got to be [35:18] the 4th of July. [35:20] And they delivered. [35:22] I'd like to thank [35:24] the designers of the app [35:26] because every kid, [35:28] as Scott arranged [35:30] and as you were key [35:33] to discuss, [35:35] every kid can look [35:35] at what firms they own. [35:37] So it's not just going [35:38] to say S&P 500. [35:39] It's going to be [35:40] you have a little bit [35:41] of this, [35:41] you have a little bit [35:42] of that. [35:42] And so we believe [35:43] what it's going to do, [35:44] sir, is connect [35:45] America's youth [35:46] to our vibrant economy [35:48] in a way that's never [35:48] been done before. [35:49] So thank you very much. [35:57] So everybody, [35:58] we thank you. [35:59] And the press [36:00] has been very kind [36:01] about this. [36:02] This is one [36:03] they have a hard [36:04] time attacking. [36:06] You know, [36:06] we're all in this [36:07] together. [36:08] You have children. [36:09] A lot of those children [36:10] already, [36:10] they have their accounts. [36:12] We're going to see [36:13] tremendous money [36:14] come in from [36:15] wealthy people [36:16] and pretty wealthy [36:17] people and very [36:18] wealthy companies. [36:20] And I'm getting calls [36:21] from everybody [36:22] to put money in. [36:24] And they're going [36:25] to put tremendous [36:25] numbers of dollars in. [36:27] And these children [36:29] are going to have [36:29] actually accounts. [36:30] They're going to learn [36:31] about finance a little bit. [36:33] They can watch it. [36:34] We're going to all [36:35] watch it grow together. [36:36] And we're going to [36:38] have a whole different [36:38] planet when they turn 18. [36:41] It's going to be a lot [36:42] different when you turn 18 [36:43] and you have no idea [36:44] what's going on [36:45] and you have no money [36:46] and no hope. [36:47] And they're going to [36:48] have great hope. [36:49] It's the American dream. [36:50] It's a big part [36:50] of the American dream. [36:51] So again, [36:54] Michael and Susan [36:55] and Brad [36:55] and everybody [36:56] that has worked so hard. [36:58] It's an honor to be, [36:59] this is truly an honor [37:00] to be involved [37:01] in something [37:02] that's pioneering [37:05] but really not [37:06] because for so many years [37:07] I said for many, [37:08] many years, decades [37:09] they've tried to do it. [37:11] They've never been able [37:12] to pull it off. [37:13] So I just want to thank [37:14] all of you guys. [37:15] And I think it's such [37:15] a great tribute [37:16] to come together. [37:17] The people said, [37:18] no, no, [37:18] there must be a mistake. [37:19] You mean, [37:19] you mean you're having [37:21] separate meetings? [37:22] No, no. [37:23] Just watch it 9.30, right? [37:26] So it's a great honor [37:28] and thank you [37:29] for being so fair [37:30] about it. [37:31] So we'll take [37:31] a few questions, please. [37:33] Yeah, please. [37:33] I was going to say, [37:34] Vladimir Putin, [37:35] shortly after speaking [37:36] to you on July 4th, [37:38] struck Kiev [37:38] and killed innocent civilians. [37:40] Why isn't he feeling [37:41] any pressure [37:42] after speaking with you? [37:44] Well, I think [37:44] he does feel pressure. [37:46] He wants to end it [37:48] and Ukraine wants [37:50] to end it [37:50] and we're in talks [37:51] and we'll see [37:52] if we can get it ended. [37:52] It's a terrible thing. [37:54] I ended eight wars [37:55] and this was, [37:57] in my opinion, [37:58] going to be an easier one [37:59] because I know [38:00] both heads. [38:02] I didn't know [38:02] most of the heads. [38:03] I did India. [38:05] I did Pakistan. [38:06] I did others. [38:07] That could have been [38:08] a real bad one. [38:09] Nuclear. [38:09] That was going to be nuclear. [38:10] It could have been, [38:12] as the prime minister [38:13] of Pakistan, [38:14] could have been [38:14] 40 million. [38:15] 40 million people [38:16] would have been killed. [38:18] Maybe 50 million. [38:20] They had shot down [38:20] 11 planes. [38:21] It was raging [38:22] for four days [38:23] and I got it stopped [38:24] and I did that. [38:25] But this is one [38:26] that I think [38:28] we're getting much closer [38:29] than people realize [38:30] and President Putin [38:32] wants it to end. [38:33] I will tell you that [38:34] very strongly. [38:35] A good call. [38:36] And President Zelensky [38:37] actually wants it [38:38] to end now [38:39] and we're going to be [38:41] going to NATO [38:42] and we're going to be [38:42] talking about it [38:43] and I think [38:44] we're going to get it. [38:45] I think we're going [38:46] to get it ended. [38:46] It's been a terrible situation. [38:48] Think of this. [38:49] 25,000 people [38:51] two months ago, [38:52] 25,000 people [38:53] were killed. [38:55] One month soldiers [38:56] last month [39:00] set the record. [39:01] 36,000 people [39:03] were killed [39:03] in one month. [39:04] Young soldiers [39:05] they go off to war [39:06] and they're dead [39:07] before the first weekends. [39:10] It's drone technology. [39:12] Michael, [39:13] who would have thought [39:13] that drones [39:14] would have become [39:14] such a factor [39:15] and they're killing machines. [39:17] It's amazing. [39:18] It's amazing. [39:19] You hide behind a tree [39:20] and it goes and gets you. [39:22] And I've seen scenes [39:23] that I don't want to see. [39:24] I don't want you to see [39:25] on that battlefield. [39:27] You hear about [39:28] the civil war. [39:28] You hear about [39:29] all of these different [39:30] terrible wars [39:31] but this is really horrible. [39:33] So I had a very good call [39:35] and I think we're [39:37] getting close [39:39] to getting it done. [39:40] On the economy, [39:42] there's been a refocus [39:43] it seems in June [39:44] to talk about [39:44] your economic policies. [39:46] When do you think [39:46] that message [39:47] will change the perception [39:48] of Americans [39:49] related to the economy? [39:50] Well, I think people know [39:51] look, oil is now [39:53] at a level [39:54] that it was [39:55] I think it's even lower [39:56] on a barrel basis [39:58] than it was [39:59] before we started. [40:00] We've gotten concessions [40:02] and they have to hold [40:03] those concessions [40:03] but there'll be [40:04] no nuclear weapon. [40:06] We're going to be getting [40:07] the, as I call it, [40:08] dust, [40:09] the enriched material. [40:10] Nuclear dust, [40:11] I call it. [40:12] It seems to have taken off [40:13] but it's enriched material. [40:15] We're getting it. [40:16] I went in for one reason [40:20] very strongly [40:20] that Iran cannot [40:22] have a nuclear weapon. [40:24] I'm not looking [40:25] for regime change [40:26] although this is [40:27] regime change. [40:28] The first regime is gone. [40:30] The second regime is gone. [40:32] And I think the third regime [40:33] is more reasonable [40:34] but we'll find out. [40:36] But we've destroyed [40:38] their, as you know, [40:39] completely destroyed [40:40] 150. [40:41] They had 159 ships. [40:43] Every single ship [40:43] is at the bottom [40:45] of the sea. [40:45] We've completely destroyed. [40:47] They don't have one airplane. [40:49] They don't have radar. [40:51] You know, [40:51] one of the reasons [40:52] we kept the oil down [40:53] because a lot of people [40:54] said, Kevin, [40:56] and a lot of people [40:56] were saying that oil [40:57] could go to $300, [40:59] $350 a barrel [41:00] but one of the reasons [41:02] that prediction [41:02] wasn't right [41:03] is we were taking out [41:04] on average of 10 [41:06] but sometimes less, [41:07] sometimes more. [41:08] Three weeks ago [41:09] we had a night, [41:10] 22 ships came out [41:11] of the strait [41:14] and the famous [41:17] trade of hormones [41:18] nobody ever heard of [41:19] but it's some, [41:20] it is a, [41:21] that is some [41:22] big money machine [41:23] I'll tell you what. [41:23] When you look [41:24] at the numbers, Michael, [41:25] that makes everything [41:26] look small. [41:27] No, wait, wait, wait. [41:29] And we took out [41:30] so much oil [41:31] that people didn't know [41:32] and it was only, [41:33] it took a month and a half [41:33] they finally found out. [41:35] They had no radar [41:35] because their radar [41:36] was destroyed. [41:38] So we took them out [41:38] late at night [41:40] with no lights, [41:41] with no nothing [41:41] and our great navy [41:43] which did the greatest [41:44] blockade anyone's ever seen. [41:45] Not one ship got through [41:46] in two months [41:47] and we then freed up [41:49] the blockade [41:50] because we're close [41:51] to maybe making a deal. [41:52] I don't know. [41:52] We'll make, [41:53] either, look, [41:54] we're going to win [41:54] one way or the other. [41:55] We're either going to [41:56] make a deal [41:56] or we're going to [41:57] finish the job. [41:58] Okay? [41:59] And it won't be tough [42:00] to finish the job. [42:01] I'd rather make a deal [42:02] because I don't want [42:04] to affect 91 million people. [42:06] We can knock down [42:07] their bridges in one hour. [42:09] We can knock out [42:10] their energy supply, [42:12] all of those big plants [42:14] that they built, [42:14] big, beautiful, [42:15] modern plants [42:16] that had a lot of money. [42:17] They don't have [42:18] any money now. [42:19] We haven't given [42:20] them any money [42:21] but we can knock out [42:22] their electricity [42:24] and power generating plants [42:26] and I would say [42:28] a small part of an afternoon, [42:31] every plant will be gone [42:32] and they know that. [42:34] They know that. [42:37] Please, Daniel, [42:39] go ahead, please. [42:40] Go ahead, please. [42:42] Right behind you? [42:43] You know why? [42:44] He's a friendly voice. [42:46] Go ahead. [42:47] I wanted to thank you [42:48] first of all. [42:50] You see? [42:51] That's what I call a reporter. [42:54] He's actually a great reporter. [42:56] Good. [42:58] Thank you. [42:59] Fast forward to each of you [43:04] and look at the truth [43:12] regarding this program [43:13] and do you think [43:14] this will go down [43:14] as one of, if not the signature, [43:16] policy achievements? [43:18] I hope so. [43:18] I think it will. [43:19] I really believe [43:20] it's going to be one. [43:20] I think we've done [43:21] a lot of great things [43:22] but I think this will be [43:23] one of the top. [43:24] It's going to teach [43:26] children to be entrepreneurial [43:28] as opposed to the threat [43:31] of communism [43:32] that you're seeing a lot. [43:33] This is not [43:33] social democrats, [43:35] by the way. [43:36] That's a beautiful... [43:37] We're social democrats, [43:38] they say. [43:39] They're not social... [43:39] They're communists. [43:41] They want to destroy [43:41] our country. [43:42] We're not going [43:42] to let that happen [43:43] but this helps. [43:45] Even from the parent's [43:46] standpoint, you know, [43:47] they see their child [43:47] getting richer and richer [43:49] as the market goes up. [43:51] If it goes down, [43:53] they don't lose anything [43:54] and they make money. [43:55] They have money [43:56] but if it goes up, [43:57] they can become [43:58] actually rich [43:59] and the parents [44:00] are going to be watching [44:01] and we're all going [44:02] to be watching [44:02] and we're part of [44:03] a very big [44:05] and very beautiful game. [44:09] It's going to bring them [44:10] into the mainstream. [44:11] It's going to bring them [44:12] into recognizing... [44:13] Like Michael Dell. [44:15] I said, [44:16] how the hell [44:16] did you start this thing? [44:17] What he built is incredible. [44:19] Now his product is great [44:20] but as he said, [44:21] he made them, [44:22] I guess, laptops. [44:23] He made a better laptop [44:25] on his bed [44:26] in a dorm [44:27] than they sold [44:28] in the store. [44:29] So he started selling them [44:29] I guess probably [44:30] during college. [44:31] I don't know [44:31] where the hell [44:32] you started selling them [44:33] but you sold a lot of them [44:34] and it just cascaded [44:35] and then his greatest deal [44:38] was he met Susan [44:39] and she probably guided him [44:40] beautifully. [44:41] That was probably [44:42] his most important thing [44:44] and they have great children, [44:45] great everything. [44:46] But, you know, [44:48] it's a beautiful story. [44:49] Think of it. [44:49] They gave $6,250,000,000 [44:55] and there's a rumor [44:57] he's giving more. [44:58] I don't know if it's true. [44:58] I'm not holding him. [44:59] I mean, it's hard to say. [45:01] How about doubling up, right? [45:04] But, no, but think of that [45:05] and started with no money. [45:09] He had a great brain [45:10] which is, you know, [45:12] that's better than money, [45:13] I think. [45:14] But, you know, [45:15] it's like an amazing story [45:16] and that can happen [45:18] with other people. [45:19] Maybe not to that extent. [45:21] Maybe there could be [45:22] a few to that extent [45:23] but not to that extent. [45:24] But that can happen [45:25] with some of the people here. [45:27] Some of, [45:27] some children living in poverty. [45:30] It can happen. [45:31] And now they have a real chance. [45:32] It's a big thing. [45:33] It's a big thing. [45:34] Yeah, please. [45:35] I wanted to ask you, [45:37] can you just grab your phone call [45:38] with Johnny Infantino [45:39] about the red card [45:40] and Belgium is appealing [45:41] the decision [45:42] what you're asking about? [45:42] You're asking me [45:43] about the whole soccer thing? [45:44] So, yeah, I did. [45:46] I spoke to Johnny [45:47] who's highly respected [45:48] who's produced [45:50] the most successful [45:51] World Cup in history [45:52] by, they say, four times. [45:54] This isn't just a success. [45:57] I actually said, [45:58] Johnny, we've got [45:59] all these games. [46:00] Each one is turning out [46:01] to be a Super Bowl [46:02] and we have all these games. [46:04] You know, when you think of it, [46:05] every game is like a Super Bowl. [46:06] Yes, I watched last night. [46:09] What a game that was [46:10] with Mexico and England. [46:12] I mean, two countries. [46:13] I don't know the players. [46:15] Although, I think Kane [46:16] is a great player. [46:17] See, I played golf with him [46:18] and I like him a lot. [46:19] He's a good golfer. [46:20] But he's really great. [46:24] But I watched [46:25] and no reason for me to watch [46:28] and you couldn't take [46:29] your eyes off the game [46:30] because I said, [46:31] Johnny, you know, [46:32] you have all these games [46:33] because they edit games. [46:34] In a country where really [46:36] we don't, [46:37] it's not our main sport [46:38] to put it mildly. [46:39] And this has been [46:40] four times more successful. [46:42] He told me last night [46:43] the numbers are [46:43] four times greater. [46:45] They think 50 or 60 million [46:47] people are going to be [46:47] watching the game tonight. [46:48] And, you know, [46:49] these are getting to be [46:50] Super Bowl numbers. [46:51] But you have a game tonight [46:52] and they think they're projecting [46:55] a minimum of 50 million people [46:57] watching a game. [46:59] We call it soccer. [47:00] It's called football, I guess, [47:01] but we can't really call it football [47:02] because it gets a little, [47:03] there's a little confusion. [47:05] So, yeah, [47:05] you call it soccer. [47:06] We're the only ones [47:07] that do that, [47:07] but we have football [47:08] and football's great. [47:10] But I've never seen [47:11] anything like it. [47:12] So I saw the play [47:13] and I'm a person [47:15] that loves sports [47:16] and was a good athlete [47:17] and I understand sports [47:20] really well, [47:21] really well. [47:22] And that wasn't a foul. [47:25] That wasn't even [47:26] an infraction. [47:27] That was two guys [47:28] running full speed [47:29] that happened to crash [47:30] into each other. [47:31] You can't take your foot [47:33] and properly place it [47:34] on somebody else's foot [47:35] when you're going, [47:36] no, these were two [47:38] great athletes [47:39] that got tangled up [47:41] and this referee [47:44] who is a little bit suspect [47:48] if you check his past. [47:52] I don't want to say that [47:52] because I don't like [47:53] to create controversy, [47:56] but very suspect. [47:59] If you'd like, [47:59] I'll provide you [48:00] with the past. [48:01] He made a call [48:03] that nobody could believe. [48:05] You know, [48:05] even people on the other side, [48:07] they said, [48:07] oh, we got lucky. [48:08] Wow. [48:09] And it's very interesting. [48:11] They say they don't show him [48:12] in slow motion. [48:13] And I never realized that. [48:14] I never heard of that, [48:14] before, [48:15] that they're not allowed [48:16] to review in slow motion [48:17] because it's so different [48:18] because you'll take [48:19] one little quarter of a second [48:21] and you'll see that [48:22] a hand is touching a neck [48:23] or you'll see something. [48:25] Whereas when you see it [48:26] in fast motion, [48:27] it will look like [48:28] two guys collided, [48:29] which is really what happened. [48:31] They got sort of entangled. [48:34] He didn't do anything wrong [48:35] and he's our best player [48:36] or one of our best players. [48:38] A very vital player. [48:39] And he gave him a red card. [48:40] I didn't know what that meant. [48:41] I didn't think it meant much. [48:43] Then I started hearing [48:44] that that means he can't play [48:46] in the next game. [48:47] At least in the next game. [48:50] I said, boy, that's a big... [48:51] You know, if it happened [48:52] to another player, [48:54] it would have been unfair. [48:55] But when they take your best player [48:57] or just about, [48:57] they have some great players, [48:59] but... [49:00] and they say you can't play. [49:02] That's very unfair. [49:04] That's... [49:04] You know, it's one thing [49:05] to penalize somebody for the game. [49:08] But how do you penalize them [49:10] for a game that hasn't been played yet? [49:11] It's very unfair. [49:12] You can't do that. [49:13] So, yes, I asked for a review by FIFA. [49:17] I spoke to a man [49:19] who's highly respected. [49:20] And by the way, [49:21] whose level of respect [49:22] has gone up tenfold. [49:25] And he was good before this started. [49:27] But, you know, [49:28] he really pushed it in this country. [49:29] I'm the one that got them to do it. [49:31] It was not Biden. [49:33] Biden was asleep. [49:35] I got him to do it. [49:36] In fact, it was very sad [49:36] because I got him to do it. [49:39] And if the progression was normal, [49:41] I would have been retired. [49:43] Now, the Democrats are saying, [49:45] man, we should have just let him have his... [49:47] We would have had him gone. [49:50] But I said, you know, [49:51] the saddest thing is [49:52] I got the Olympics [49:53] and I got the World Cup. [49:54] I tried to claim 250 years, too, [49:58] but that didn't work. [49:59] They said, [50:00] that one is what it is. [50:01] No, I tried, [50:02] but it didn't work. [50:03] But wait, wait. [50:04] So I got him. [50:05] I was so proud of it. [50:06] And then I realized, [50:07] you know, [50:07] I wouldn't be president during that [50:09] because I would have been out of office [50:10] by that time. [50:11] I felt badly. [50:13] The beautiful thing about [50:14] what I did is I ran. [50:16] I never thought of it. [50:17] And then all of a sudden, [50:18] I realized, you know, [50:19] I just got the Olympics [50:20] and I totally got that myself. [50:22] And I just got FIFA. [50:24] I got that myself. [50:25] We gave a little peace to Canada. [50:26] Gave a little peace to Mexico. [50:28] I got that myself. [50:29] And a lot of people helped, [50:32] like that man right there, Kevin. [50:33] A lot of people. [50:34] You know that. [50:35] We worked hard on that. [50:36] And we got it. [50:37] But what we didn't know [50:39] is how successful it was going to be. [50:41] I thought, I didn't know. [50:42] I said, Johnny, [50:43] is anyone going to show up? [50:44] Because, you know, [50:45] we're not, again, [50:46] we're not really, [50:47] I think soccer's doing much better. [50:49] But I couldn't imagine. [50:51] If you would have said [50:53] to any very smart of these, [50:56] like people like this, [50:57] that the numbers they're doing now [51:00] would be happening, [51:01] they've never seen anything like it. [51:03] Think of it. [51:04] Take the most successful Olympics [51:06] or the most successful FIFA [51:09] and you look at what's happening. [51:10] You look at the numbers for this [51:12] in the United States, [51:14] just compared to FIFA. [51:16] And it's numerous times more. [51:20] It's not like 10% more, [51:21] 2% more, 5% more, [51:23] which is more expected. [51:25] It's like four times more successful [51:28] than anything they've ever done. [51:30] In fact, I said to Johnny, [51:32] let's do it again next time. [51:35] And he said, that would be hard. [51:37] I said, no, no, you do it again. [51:39] But at the same time, [51:40] you give it to somebody else [51:41] for the next one. [51:43] I don't know. [51:44] It's a little crazy idea. [51:45] But all I did, all I did, [51:47] I asked for a review [51:48] because I didn't think it was a foul. [51:51] And, you know, again, [51:51] I'm good at this stuff. [51:52] I didn't think it was a foul. [51:54] I thought it was two great athletes [51:55] that crashed into each other [51:57] and got entangled. [51:58] That was not a guy [51:59] punching somebody in the face [52:01] or anything that, you know, [52:02] would be different. [52:04] And I think it's a terrible, [52:06] if they wouldn't allow, [52:08] you know, a top player, [52:11] maybe the best, [52:12] maybe among the best players [52:13] on the team to play, [52:15] I think it would have had a big stain. [52:18] And I related just that feeling. [52:20] I didn't tell him what to do. [52:21] I can't tell him what to do. [52:22] But, and I don't believe [52:24] he made the decision. [52:26] I think it was a committee [52:26] that made the decision. [52:28] And they made the right decision [52:29] because, number one, [52:30] it wasn't a foul. [52:31] And you want to see a game [52:32] with your best players. [52:33] You don't want to say, [52:34] how would you feel [52:35] if I took, you know, [52:37] we take Messi out. [52:40] Look, you know, [52:40] he ran into somebody. [52:42] Or we took Ronaldo. [52:45] Ronaldo, you bunked into somebody. [52:47] We're going to take you out of a game. [52:48] He's great. [52:49] Well, Harry Kane. [52:51] Harry Kane, [52:51] we're going to take you out of the game, [52:53] Harry, [52:53] because you happen to hit somebody [52:55] a little bit harder than... [52:57] You can't, you can't do that. [52:58] If you would have taken him out, [53:00] I think, [53:00] I think it would have really stained [53:02] this incredible champion. [53:04] We got to have our best players, [53:06] and they've got, [53:07] Belgium's got a great team, [53:08] by the way. [53:09] We have our best players, [53:10] and they have to have their best. [53:12] And if we win or we lose, [53:14] it's fair. [53:15] Otherwise, [53:16] let's say we lost him [53:18] and we lose the game. [53:19] It would be a terrible thing. [53:21] So I think they made [53:23] a really brilliant decision. [53:24] I think the referee's call [53:25] was horrible. [53:27] And nobody talks about that. [53:28] They talk about the red card [53:29] like it's fine. [53:30] Nobody talks... [53:31] The referee's decision [53:32] to red card... [53:34] I didn't know what the hell [53:35] a red card was. [53:35] When I found out, [53:36] I said, [53:36] you've got to be kidding. [53:38] This guy just hands up, [53:39] okay, [53:39] your best player's not going to play [53:41] next week or in the next game. [53:43] I said, [53:44] wow, [53:44] that's a lot of power. [53:45] That's terrible. [53:46] But then I looked at his past [53:48] and it wasn't so great. [53:52] Okay. [53:52] I was surprised [53:55] if we were going to talk [53:56] to the Belgian prime minister before... [53:58] I didn't think of it, [53:59] but I would. [54:00] He's a good man. [54:01] I will tell you this. [54:05] The people in Belgium, [54:08] if they win the game, [54:10] they can be very proud. [54:11] If they would win the game [54:13] with a player missing, [54:15] it would have been [54:16] a different feeling. [54:17] You can't do that. [54:18] And I'm very glad... [54:20] All I did was ask for a review. [54:21] I didn't say, [54:22] you have to do this. [54:22] This man is a smart, [54:24] tough man, [54:25] Johnny Infantino. [54:26] He's a smart, [54:28] tough man. [54:29] And his stock has gone [54:30] through the roof [54:31] because the job he's done [54:32] has been great. [54:34] And I feel we have to have [54:36] all the best players [54:37] in the field. [54:37] You can't take the best players. [54:38] Yeah, please. [54:39] The best... [54:39] On the Trump accounts, [54:40] thank you. [54:41] Liam Cosgrove with Zero Hedge. [54:43] What is your plan [54:44] to facilitate broad adoption [54:45] of these? [54:46] And you mentioned, [54:46] you know, [54:47] the communists' issue, [54:48] particularly that crowd, [54:50] to get them to participate [54:51] in this. [54:52] Since I see Anthony Popiano's here, [54:54] and he's probably going to ask, [54:55] is Bitcoin in any way [54:57] going to be related [54:57] to this in the future? [54:58] Are there plans [54:59] to put Bitcoin [54:59] in the Trump account? [55:00] Well, I'm a big crypto... [55:01] I've become a big crypto guy [55:03] only for one reason. [55:05] If we don't have it, [55:07] China's going to have it. [55:08] And they would like to have it. [55:10] But now they're not even [55:11] trying that hard [55:12] because we've taken over crypto. [55:14] But I'm a fan. [55:15] I wasn't initially. [55:16] I didn't know much about it. [55:18] But for some of my first term, [55:20] I wasn't really... [55:21] I wasn't much involved, [55:22] but I'd watch. [55:23] And I watched it grow, [55:24] and it's a huge industry. [55:26] And I got involved [55:27] in a little bit for politics, [55:28] you know, [55:29] because I realized [55:30] there are a lot of people [55:31] love crypto. [55:32] And even me, [55:33] as a businessman, [55:33] I'd see a lot of money [55:34] starting to come in [55:35] with Bitcoin [55:36] and, you know, [55:37] the different forms. [55:38] And I said, [55:39] this thing's got a lot of life. [55:41] And then I hear China [55:43] is going to make [55:43] a heavy move on it, [55:44] just like they do for AI. [55:45] By the way, [55:46] we're leading China [55:47] substantially in AI, [55:48] by substantial. [55:49] And one of the reasons [55:51] is I allow, [55:51] when they build [55:52] these big plants, [55:53] I allow them to build [55:53] their electric generating units, [55:56] whether they use nuclear [55:57] or oil and gas, [55:58] whatever they want to use, [55:59] they can use. [56:00] Except wind. [56:00] We don't allow wind. [56:01] Wind is terrible. [56:02] It just doesn't work. [56:04] It's too expensive. [56:05] No good. [56:06] Bad for the environment. [56:07] But, [56:07] and they're building [56:09] their own plants [56:10] with some of the greatest [56:11] electric producing plants [56:13] that you've ever seen. [56:14] I mean, [56:15] they're teaching the companies [56:18] that produce electricity, [56:20] they're teaching them [56:20] how to do a plant. [56:21] So that was my decision. [56:23] That was my idea [56:24] because we have an old grid. [56:26] It's tired. [56:27] It's old. [56:27] You can't, [56:28] it would take years [56:29] to fix it. [56:30] And now we're actually [56:31] taking the excess energy [56:32] that they make. [56:33] You know, [56:33] we need more than [56:35] double the energy. [56:35] If you take all [56:36] of the electric [56:37] that we have now, [56:38] you need more than double it [56:40] to power that industry, [56:41] which is so shocking. [56:42] When I first heard that, [56:43] I said, [56:43] no, you mean like a little, [56:45] I couldn't believe that, [56:46] Jeff. [56:46] I heard more than double. [56:49] So all the electric, [56:50] we make for everything [56:51] to power that one industry. [56:53] Now, [56:53] with that being said, [56:54] it's a massive industry [56:55] and it's going to be for good. [56:57] I mean, [56:58] look, [56:58] we're going to have guardrails [56:59] and we have guardrails. [57:01] You know, [57:01] you saw that a couple of weeks ago. [57:02] We were able to stop something [57:04] that we didn't like. [57:06] And by the way, [57:06] the company was very good. [57:08] They were very good. [57:09] You know that. [57:11] But it can be used [57:12] for tremendous good [57:13] and mostly good [57:15] and some bad [57:15] and the bad we have to stop. [57:17] But it's a massive industry [57:19] and I think things [57:19] are going to happen. [57:20] You know what you're seeing here [57:21] with the kids? [57:22] I think something could happen [57:23] in that regard too [57:24] with a contribution [57:25] to the people of our country. [57:27] I'll give you a little [57:28] inside information. [57:30] Am I allowed to do that? [57:32] Well, we have Paul. [57:33] Am I allowed to do that? [57:35] That's a little inside information. [57:37] You understand? [57:39] Scott, [57:39] you know what I'm talking about. [57:41] No, [57:41] I think you're going to see [57:41] a contribution made by those [57:43] because they're making [57:44] tremendous amounts of money. [57:46] They're also creating tremendous [57:48] the medical. [57:50] The medical, [57:51] the things that are happening [57:52] in the world of medicine [57:54] because of AI [57:55] is not even believed. [57:58] I'm friends with many doctors [58:00] because of, you know, [58:01] what I'm doing as president [58:02] and I've become very friendly [58:04] with a lot of them. [58:04] They're great. [58:05] They're great as long [58:06] as they tell me I'm healthy. [58:08] Okay? [58:08] When they tell me I'm healthy, [58:09] so far so good. [58:10] Where's a piece of wood? [58:11] But a couple of them [58:15] got together last week [58:16] and they said, [58:18] we can't believe the progress [58:19] that's been made in diseases. [58:21] Things that they didn't think [58:22] would happen for 10 years [58:23] happen in a matter of minutes, [58:26] a matter of seconds. [58:28] So this is going to be used for good. [58:30] But we're leading China by a lot. [58:32] We're leading everybody. [58:34] Crypto is the same thing. [58:35] If we didn't do it, [58:37] China would do it. [58:38] It's a massive industry. [58:39] And frankly, [58:41] when I went very pro-crypto, [58:43] as you know, [58:44] Biden was totally against it, [58:45] but he has no idea [58:45] what crypto is. [58:47] He had no idea. [58:48] He didn't have a clue. [58:48] But they were very violently against it. [58:51] They were putting people in jail. [58:53] What they were doing [58:54] to the crypto was horrible. [58:55] It's amazing it survived [58:57] that onslaught. [58:58] It was a weaponization [59:00] of government. [59:01] So when I went very much for it, [59:05] and I must have gotten, [59:06] I think I got 100% of the vote. [59:07] But what happened is, [59:09] I think it was 100 million people. [59:11] That's a big industry. [59:13] And that means [59:13] some pretty good things. [59:14] But what happened is, [59:15] Biden then, [59:17] after he was getting killed, [59:18] he was down so much, [59:20] all of a sudden, [59:21] they became pro-crypto. [59:23] And their head of the SEC [59:25] was horrible, [59:26] unlike Paul, [59:27] who's really good. [59:28] No, I mean, [59:29] he's the best man for the job. [59:31] Everybody wanted him. [59:32] But he was horrible. [59:34] What he was doing to the crypto, [59:35] they were putting people in jail. [59:37] You know that better than anybody. [59:39] Good people, [59:40] great, prestigious people. [59:42] They were putting him in jail. [59:43] And I said, [59:44] you've got to be kidding. [59:46] And they were trying [59:47] to destroy the industry. [59:48] Okay, ready? [59:49] So now I'm killing Biden. [59:51] I'm winning by so much. [59:53] And all of a sudden, [59:54] he becomes totally pro-crypto. [59:56] They dropped all investigations [59:58] of everybody. [59:59] They allowed people [1:00:00] to come out of jail. [1:00:02] And every time I see a crypto guy [1:00:04] that where they dropped [1:00:06] an investigation, [1:00:07] I said, [1:00:08] you're lucky I'm president. [1:00:10] Because they, [1:00:11] you know, [1:00:11] I don't know if you know, [1:00:12] the Biden administration [1:00:13] became totally pro-crypto [1:00:15] that last couple of months [1:00:17] because they were getting killed. [1:00:19] Because crypto has [1:00:20] a tremendous audience. [1:00:22] So yeah, [1:00:22] I'm very much for crypto [1:00:23] because it's, [1:00:24] I don't, [1:00:24] it's not a question [1:00:25] of a personal thing. [1:00:28] I, [1:00:28] because I let my kids [1:00:29] do whatever the hell [1:00:30] they do they can do. [1:00:30] I don't talk to them, [1:00:31] ever talk to them about it. [1:00:33] I'm allowed to, [1:00:34] I think. [1:00:34] I'm allowed to, [1:00:35] but I don't bother [1:00:36] because this is a much higher, [1:00:38] this office [1:00:39] is a much higher calling. [1:00:41] So I make, [1:00:42] as president, [1:00:44] the president of the United States [1:00:45] get essentially [1:00:46] two and a half million dollars [1:00:47] for four years, right? [1:00:48] Spread, [1:00:49] wait a minute. [1:00:50] It's spread out [1:00:51] over a period of four years. [1:00:53] It's about two and a half million dollars. [1:00:54] I waived my salary. [1:00:56] Now I figured, [1:00:56] because we've had [1:00:57] other wealthy presidents, [1:00:58] we've had Kennedy [1:00:59] and we've had, [1:01:00] FDR was very wealthy, [1:01:03] Teddy Roosevelt was wealthy, [1:01:04] and one of the wealthy presidents [1:01:06] and the wealthiest, [1:01:06] believe it or not, [1:01:07] was George Washington, [1:01:08] who wasn't in the White House, [1:01:09] but there are pictures of him [1:01:11] surveying this ground. [1:01:12] He's the one that sort of [1:01:13] picked the location. [1:01:14] He picked a, [1:01:14] I think he made a good choice. [1:01:16] He picked a good location. [1:01:17] But George Washington [1:01:18] had two desks [1:01:19] in his pre-White House. [1:01:22] One was, [1:01:23] and they were right next to each other. [1:01:24] One was for business [1:01:25] and one was for the presidency. [1:01:29] He had two desks [1:01:29] in the same room. [1:01:32] And so you're allowed to, [1:01:33] but I choose not to. [1:01:35] I don't talk to my kids about, [1:01:36] you know, [1:01:36] this stuff. [1:01:37] But I will say this. [1:01:39] To me, [1:01:39] cryptos are very powerful. [1:01:42] A lot of people are using it. [1:01:43] Bitcoin. [1:01:44] They're using it [1:01:45] at levels that nobody, [1:01:46] I don't think anybody [1:01:47] understands really how powerful. [1:01:48] And if we didn't do it, [1:01:50] China would do it in a minute. [1:01:51] And if we let our guard down on AI, [1:01:55] if I didn't come up with the idea [1:01:56] for electric plants, [1:01:57] producing plants, [1:01:58] they become a utility. [1:01:59] Basically, [1:02:00] basically, [1:02:00] these guys producing, [1:02:02] you might as well put them down. [1:02:04] Paul, [1:02:04] I think you should mark them down [1:02:05] as utilities [1:02:06] because frankly, [1:02:07] in many ways, [1:02:08] I'm more impressed [1:02:09] by their electric plants [1:02:10] and they're building them [1:02:11] on top of the buildings, [1:02:13] alongside of the buildings, [1:02:15] standalones right next door. [1:02:17] But you have to see [1:02:18] some of the electric producing, [1:02:19] the generating plants [1:02:20] that they're making. [1:02:21] Nobody's ever seen [1:02:22] because they're brilliant people [1:02:23] and it's a fantastic thing. [1:02:25] But if I didn't come up [1:02:26] with that idea, [1:02:27] maybe somebody else would [1:02:27] if I doubt it [1:02:28] because it's too simple. [1:02:29] I mean, [1:02:30] it's such a simple idea. [1:02:32] Do you know that your friends, [1:02:33] Michael, [1:02:34] when I came up with that [1:02:35] and I told Mark Zuckerberg, [1:02:38] I told Bezos, [1:02:39] I told all of the people, [1:02:41] AI, Sam, Elon, [1:02:44] told them all, [1:02:44] I said, no, no, [1:02:45] I'm going to let you build [1:02:46] your own plant [1:02:47] and I'm going to get [1:02:47] your fast approvals. [1:02:49] They thought I was kidding. [1:02:50] You know, they said, [1:02:51] and they would submit plans [1:02:53] without an electric plant [1:02:54] and I'd get calls [1:02:55] from Lee Zeldin, [1:02:56] who's a star, [1:02:57] environmental, [1:02:58] fast approvals, [1:03:00] good approvals, [1:03:00] but fast. [1:03:02] And I'd call up and say, [1:03:04] sir, these plants [1:03:05] are not taking advantage. [1:03:07] And I'd call them and say, [1:03:07] why aren't you producing? [1:03:09] They said, [1:03:09] we thought you were, [1:03:10] every one of them, [1:03:10] they thought I was kidding [1:03:11] because they can't believe it. [1:03:13] Number one, [1:03:13] they can't believe [1:03:14] that they're approved [1:03:14] in a period of a matter of weeks [1:03:16] because if this was somebody else, [1:03:18] it would be 20 years before. [1:03:19] They're all under construction. [1:03:21] We get, [1:03:21] we do rapid approvals [1:03:23] and some are nuclear plants [1:03:25] because nuclear is now [1:03:26] really hot and safe. [1:03:30] You know, [1:03:30] I was not a huge proponent [1:03:32] until two or three years ago. [1:03:34] And then I saw what they, [1:03:35] my uncle was a big nuclear guy [1:03:38] at MIT. [1:03:39] He knew nuclear better [1:03:40] than anybody, I think, [1:03:41] anybody in the world, [1:03:42] probably. [1:03:43] He was the smartest guy. [1:03:44] He was at MIT, [1:03:46] the head, [1:03:47] for 41 years. [1:03:49] And he said to me one day, [1:03:51] he said, [1:03:52] you know, [1:03:54] nuclear is going to be [1:03:54] the most important thing, [1:03:56] but it's also got to be watched. [1:03:57] It's got to be watched [1:03:58] very carefully [1:03:58] because it can build the world, [1:04:01] but it can also destroy the world. [1:04:03] He said that. [1:04:03] I said, [1:04:04] Uncle John, [1:04:04] that was a long time ago. [1:04:06] But he was exactly right. [1:04:07] He called it exactly right. [1:04:09] But what they've done [1:04:10] with nuclear [1:04:10] in terms of generating energy [1:04:13] is absolutely, [1:04:15] you know, [1:04:15] a submarine can run [1:04:17] at full speed [1:04:18] for 30 years [1:04:19] without having to refuel. [1:04:23] The only thing it has to do [1:04:24] is come up every 90 days [1:04:25] for food. [1:04:26] They can't solve [1:04:27] the food problem. [1:04:29] But think of it. [1:04:30] A submarine, [1:04:32] without having to gas up, [1:04:34] can run for 30 years [1:04:36] at full speed [1:04:36] without stopping. [1:04:38] I mean, [1:04:38] who would believe [1:04:39] a thing like that? [1:04:41] But fortunately, [1:04:42] we have the best technology [1:04:44] and we have the best submarines. [1:04:45] It's something we lead [1:04:46] the world in by 15 years. [1:04:48] Any other questions? [1:04:49] Go ahead. [1:04:52] Thank you so much, [1:04:53] Mr. President. [1:04:54] What? [1:04:54] I said, [1:04:55] thank you so much, [1:04:55] Mr. President, [1:04:56] and Jennifer Schoenberger [1:04:57] on the Trump account. [1:04:59] A SpaceX president [1:05:00] has said that she's going [1:05:02] to donate shares [1:05:02] to the Trump account. [1:05:04] Have you spoken at all [1:05:05] with Elon Musk [1:05:06] about further share donations [1:05:07] as well as other corporate [1:05:08] leaderships about share donations? [1:05:11] Look, [1:05:11] I'm like a cheerleader [1:05:12] for geniuses. [1:05:13] I love geniuses. [1:05:15] I love high IQ people. [1:05:17] He's a high IQ person. [1:05:19] I love high IQ people. [1:05:21] And I speak to Elon, [1:05:22] I speak to Mark, [1:05:23] I speak to Jeff, [1:05:24] I speak to everybody. [1:05:25] By the way, [1:05:26] in the first term, [1:05:26] less so. [1:05:27] In fact, [1:05:28] at my first inauguration, [1:05:30] none of them [1:05:30] were standing behind me. [1:05:32] They were just the opposite. [1:05:34] And now, [1:05:34] at this last inauguration, [1:05:36] every one of them [1:05:37] was standing behind me. [1:05:38] It was sort of amazing. [1:05:40] No, I speak to all of them. [1:05:41] And I encourage them. [1:05:44] I want them [1:05:45] to be tremendously successful. [1:05:48] Now, [1:05:49] there's a thing called TikTok. [1:05:51] Have you heard of it? [1:05:52] I was watching a show [1:05:53] this morning. [1:05:55] Maria Bartiromo, [1:05:56] she's fantastic. [1:05:57] And on her show, [1:05:58] they were talking about [1:05:59] the dangers of TikTok. [1:06:01] And Chinese, [1:06:03] you know, [1:06:04] a whole thing [1:06:05] with spying [1:06:06] and what they're doing. [1:06:08] Well, [1:06:09] except it was announced [1:06:10] about two days ago, [1:06:12] the new numbers [1:06:13] just came out. [1:06:15] You know who the number one person [1:06:16] in TikTok is by far? [1:06:17] Trump. [1:06:18] Me. [1:06:19] I just got the... [1:06:20] I'm number one. [1:06:23] Like Taylor Swift [1:06:24] was number 11. [1:06:25] I'm number one [1:06:26] in TikTok by far. [1:06:28] And the numbers just came out. [1:06:30] And I said, [1:06:31] well, [1:06:31] you know, [1:06:32] I'm hearing about [1:06:32] how they influence. [1:06:33] They're talking about [1:06:34] their tremendous danger [1:06:35] because they influence. [1:06:36] But if they influence [1:06:38] so badly, [1:06:39] I mean, [1:06:39] I'm saying all things [1:06:41] like I love our country. [1:06:42] We've got to stop communism. [1:06:43] We've got to this and that. [1:06:44] We're going to do a lot. [1:06:45] We're doing a lot of things. [1:06:46] But I'm by far number one. [1:06:48] It was sent to me by, [1:06:49] you know, [1:06:49] the list comes out. [1:06:50] Number one. [1:06:51] Number two. [1:06:51] I was number one by a lot. [1:06:53] So I guess maybe, [1:06:54] I don't know. [1:06:55] Maybe they're bad. [1:06:55] Maybe they're not. [1:06:56] I know one thing. [1:06:57] Great American people, [1:07:00] tremendous business people [1:07:02] and companies bought it. [1:07:04] I called President Xi [1:07:05] and everyone said [1:07:06] he was a hard no. [1:07:07] He was a hard no. [1:07:08] But I said, [1:07:09] you know, [1:07:09] it's a good thing for TikTok, [1:07:10] but it's good for us too. [1:07:12] American companies, [1:07:14] great ones, [1:07:14] own our TikTok [1:07:17] and it's very influential. [1:07:18] But I'm number one [1:07:19] by a lot. [1:07:21] So, you know, [1:07:22] I hear this thing [1:07:23] was on today, [1:07:24] Gordon Chang. [1:07:25] I like Gordon Chang, [1:07:26] but he's always so negative. [1:07:29] You know, [1:07:29] nobody's been tougher [1:07:30] in China than me, [1:07:31] but Gordon Chang, [1:07:32] and he's a nice guy. [1:07:34] It's like, [1:07:35] the world is falling down. [1:07:37] It's not true. [1:07:38] It's not true. [1:07:39] We have to be careful [1:07:40] because China's [1:07:41] a great competitor. [1:07:42] But, you know, [1:07:43] he was talking about, [1:07:44] we must stop TikTok. [1:07:45] I'm number one on TikTok. [1:07:46] I think it helped me [1:07:48] win the election [1:07:49] in a landslide, [1:07:49] if you want to know [1:07:50] the truth. [1:07:50] Yeah, please. [1:07:51] Yeah. [1:07:56] That's a heli... [1:07:57] Yeah. [1:07:58] So, for 50 years, [1:08:01] we've been landing [1:08:02] helicopters on grass. [1:08:04] The grass is wet, [1:08:05] soggy. [1:08:07] The helicopters sometimes [1:08:08] miss their little mark. [1:08:09] You know, [1:08:10] they send people out, [1:08:11] Marines. [1:08:11] I watch them do it. [1:08:12] They march out so beautiful. [1:08:14] Great guys. [1:08:15] They have a piece of metal [1:08:16] that they put down. [1:08:17] And except for the fact [1:08:18] that these pilots are so good, [1:08:19] they almost hit the mark [1:08:21] all the time. [1:08:22] But sometimes they miss. [1:08:22] They're half the size [1:08:24] of this desk. [1:08:26] Think of it. [1:08:26] You're landing a big chopper. [1:08:28] But, you know, [1:08:29] years ago, [1:08:32] and they just got produced, [1:08:34] but during my administration, [1:08:36] they ordered brand new [1:08:36] helicopters, [1:08:37] the big ones, [1:08:39] the ones for president. [1:08:40] It's called Marine One. [1:08:42] And our other Marine Ones [1:08:43] are about 40 years old. [1:08:44] They're old, [1:08:45] like Air Force One. [1:08:46] You know, [1:08:46] it's time to make a change. [1:08:48] And other presidents [1:08:48] wouldn't do that [1:08:49] because they think [1:08:49] it's not good [1:08:50] to make a change to luxury, [1:08:51] but you've got to do it. [1:08:52] You know, [1:08:53] other countries have them. [1:08:54] So Sikorsky gave, [1:08:55] we ordered a number [1:08:57] of Sikorskys [1:08:57] as the helicopters [1:08:58] back and forth. [1:09:00] Well, [1:09:00] they're about [1:09:01] two and a half times [1:09:02] more powerful [1:09:03] than the old ones. [1:09:04] And when you land [1:09:05] on the grass, [1:09:06] it's not that the grass [1:09:07] gets discolored. [1:09:08] It gets ripped out. [1:09:11] Ripped out. [1:09:12] And it was all over. [1:09:14] They landed it once. [1:09:15] And nobody planned for this. [1:09:17] This was a little bit [1:09:18] of a planning mistake. [1:09:20] So they landed the helicopter [1:09:21] and half of the grass [1:09:23] was sitting in front [1:09:24] of the Oval Office [1:09:25] front door. [1:09:26] The rest of it [1:09:27] was scattered all over. [1:09:28] I mean, literally, [1:09:29] it didn't singe it. [1:09:30] It also singed it, [1:09:32] by the way. [1:09:33] But it literally, [1:09:35] because of the power, [1:09:36] it's tremendous. [1:09:38] And everybody said, [1:09:39] well, we'll keep using [1:09:41] the old helicopters [1:09:42] when we have to land [1:09:44] at the White House. [1:09:45] And for everything else, [1:09:46] we use the new helicopters. [1:09:47] They said, [1:09:48] that's a pretty expensive deal. [1:09:50] You wouldn't do that [1:09:50] for your company. [1:09:51] You'd figure out an answer. [1:09:52] So I said, [1:09:53] because I have helicopters, [1:09:55] and three of them. [1:09:56] And I said, [1:09:58] because they've been [1:09:58] great for my business. [1:10:00] I think they're incredible. [1:10:02] So, Sikorsky's. [1:10:04] Sikorsky's 76, right? [1:10:06] And I always was lucky. [1:10:08] I always got helipads. [1:10:10] Other people don't. [1:10:10] Very hard to get. [1:10:11] The hardest thing to get [1:10:12] is a helipad. [1:10:14] Okay? [1:10:14] There's no harder [1:10:15] zoning thing to get [1:10:16] is a helipad. [1:10:17] And I had, like, [1:10:18] seven of them [1:10:19] at different places [1:10:20] so I could go around [1:10:20] by helicopter. [1:10:22] And I said to the people, [1:10:23] have you ever thought, [1:10:24] these are generals, [1:10:25] Air Force generals, [1:10:26] that are brilliant. [1:10:28] And, you know, [1:10:29] you get used to [1:10:29] a certain thing. [1:10:30] They bring out the metal. [1:10:32] But this was, [1:10:33] now the metal didn't work [1:10:33] because the power [1:10:34] of these helicopters [1:10:35] is so great [1:10:36] it ripped up the grass. [1:10:37] So I said, [1:10:39] has anybody ever thought [1:10:39] of a helipad? [1:10:41] Because I build them [1:10:41] and they go quickly [1:10:44] and solves all of the problems. [1:10:46] Sikorsky's laughing. [1:10:47] It's true, right? [1:10:49] It's crazy. [1:10:51] So it was funny. [1:10:52] I said, [1:10:52] has anyone ever thought [1:10:53] of a helipad? [1:10:54] I had, like, [1:10:54] six generals in front of me. [1:10:57] And they're going, like, [1:10:57] wow, that's a good idea. [1:10:59] You know, [1:10:59] it's like the paper clip. [1:11:00] It was such a simple adventure. [1:11:02] Probably he says that [1:11:03] about a laptop. [1:11:05] To him, [1:11:06] it's a simple thing. [1:11:07] To other people, [1:11:07] wow. [1:11:08] But the paper clip. [1:11:10] 200 years ago, [1:11:11] a gentleman came up [1:11:12] with the idea [1:11:13] for a paper clip. [1:11:15] And he made a lot of money. [1:11:16] He became very rich. [1:11:17] Not as rich as Michael Dell, [1:11:18] but rich in those money. [1:11:21] And what happened [1:11:22] is everybody was jealous. [1:11:24] They said, [1:11:24] why didn't we think of this? [1:11:25] Same thing with a helipad. [1:11:26] So now, [1:11:28] we're building a helipad. [1:11:29] Beautiful helipad. [1:11:30] And it's got the seal [1:11:31] of the White House on it [1:11:32] in granite, [1:11:33] in carved granite. [1:11:34] It's really a beautiful thing. [1:11:36] And I'll tell you, [1:11:37] Sikorsky is paying for it. [1:11:39] You know why? [1:11:40] Because they didn't tell us [1:11:42] how powerful these helicopters were. [1:11:44] And they felt a little bit guilty. [1:11:45] They sold us helipad. [1:11:46] I like power, by the way. [1:11:48] I think it's great [1:11:49] for a helicopter. [1:11:51] But they probably, [1:11:54] I don't know, [1:11:55] they felt a little guilty. [1:11:57] And they are paying [1:11:57] for the cost of it. [1:11:58] It's about five or six million dollars. [1:12:00] They're paying the full cost. [1:12:02] And when I heard [1:12:02] they were paying the cost, [1:12:04] I went out and said, [1:12:05] let's do a beauty. [1:12:06] Let's not just do a piece of concrete [1:12:08] and paint it white, [1:12:09] which is why I just put [1:12:10] beautiful concrete, nice, [1:12:11] and we paint it white. [1:12:13] This one is a beauty. [1:12:14] It's got the seal [1:12:14] of the White House. [1:12:16] It's beautiful. [1:12:17] The eagle. [1:12:18] And it's carved out of granite. [1:12:19] It's done by some [1:12:20] of the most talented people [1:12:21] you'll ever meet. [1:12:23] And you're landing on granite, [1:12:24] which is the strongest stone [1:12:25] that we can, [1:12:27] like the outside walk [1:12:29] is black granite. [1:12:31] It's got, [1:12:31] that's 35,000 pounds [1:12:32] per square inch. [1:12:33] It's got a one million [1:12:35] plus lifetime. [1:12:37] It's the strongest stone there is. [1:12:38] And that's being used out there. [1:12:40] And it's going to be, [1:12:41] I think, really beautiful. [1:12:42] And you can see the size. [1:12:44] It's going to be beautiful. [1:12:44] And it could be used [1:12:45] for other things [1:12:46] when helicopters aren't landing. [1:12:47] You can have other things [1:12:48] out there like events. [1:12:50] You could have news conferences [1:12:51] literally on it [1:12:52] because it's the right size. [1:12:54] So by doing this, [1:12:54] we solved the problem [1:12:55] and we'll be able [1:12:56] to finally retire [1:12:57] 45-year-old helicopters. [1:12:59] Okay, how about, [1:13:00] how about one or two more [1:13:01] and we'll get out. [1:13:02] Go ahead, please. [1:13:04] Millions of American [1:13:05] Sox fans are obviously [1:13:06] very happy. [1:13:07] But what do you say [1:13:07] to the critics [1:13:08] who say this starts [1:13:09] a precedent [1:13:09] which other powerful leaders [1:13:11] Well, I can only say this. [1:13:15] I had nothing to do [1:13:16] with the decision. [1:13:17] What I did have to do is [1:13:18] I said, [1:13:19] I think that should be reviewed [1:13:20] because I watched the play [1:13:22] and he didn't do anything wrong. [1:13:25] You know, [1:13:25] kind of looked at, [1:13:26] by the way, [1:13:26] if he did, [1:13:27] I'd feel differently probably. [1:13:28] If he punched him in the face, [1:13:30] if he did something wrong. [1:13:32] I thought your young, [1:13:35] wonderful basketball player, [1:13:38] Caitlin, [1:13:39] I thought that she was treated [1:13:40] rather rough, [1:13:42] if you want to know the truth. [1:13:43] That was a much different [1:13:44] kind of an event. [1:13:45] That was a pretty bad event. [1:13:48] But in this case, [1:13:49] he didn't do anything wrong. [1:13:51] Two people ran into each other. [1:13:52] And by the way, [1:13:53] if you look at that game, [1:13:54] there were 10 instances [1:13:55] where it was much rougher than that. [1:13:58] So I think, [1:13:58] I think it starts with the fact [1:14:00] that it shouldn't have been a foul. [1:14:02] And then you have to look [1:14:04] at the person that raised the card [1:14:06] and that's up to you people. [1:14:07] You'll look at it. [1:14:07] But I didn't think it was very good [1:14:08] because it was not good. [1:14:10] And I think that Johnny [1:14:13] is brilliant at what he does. [1:14:15] And I think they made, [1:14:16] I don't think it was his decision. [1:14:18] It's a big committee. [1:14:19] And after reviewing it, [1:14:20] I think they said, [1:14:21] look, [1:14:21] this game would have [1:14:24] a big mark on it. [1:14:26] If we lost, [1:14:27] if we won, [1:14:28] no matter what happened, [1:14:30] you have to let them [1:14:31] use their best players. [1:14:34] And the game tonight [1:14:34] is going to be amazing. [1:14:35] And we're going to have a full team. [1:14:37] And Belgium's going to have [1:14:38] a full team. [1:14:39] And you know what? [1:14:40] If they beat us, [1:14:41] then they can be really proud. [1:14:43] The other way, [1:14:44] if they beat us, [1:14:45] we'll say it was, [1:14:46] I say it was rigged, [1:14:48] just like the election [1:14:49] was rigged in 2020. [1:14:50] But I won't get into that. [1:14:52] Ladies and gentlemen, [1:14:53] thank you very much. [1:14:54] The Trump accounts are great. [1:14:56] Thank you. [1:14:56] Any questions to kill? [1:15:22] Sir, we don't have a helicopter. [1:15:24] We have a delicopter. [1:15:25] Thank you.