Victor Schwartz (1:53)
Trading partners and they don't know where it's going to end up. And because you don't know where it's going to end up, like your wine dealer said in the interview earlier, you don't know what kind of plans to make as a business, you don't know what kind of plans to make as a trading partner, you don't know what kind of deals you need to make because you don't understand exactly where the president might decide his policies going to be. You don't know where I stand. The courts are going to allow him to do it. Wall Street Journal Republican political and policy adviser Karl Rove warns in a column titled tariffs May cost the GOP in 2026. He argues that the administration's tariff messaging is a muddled mess saying, quote, unless reciprocity the policy that if countries lower their tariffs, will lower ours. Unless that prevails, the president's chaotic trade talk will badly damage Republicans in the midterms. Rove to point out that in May 17 Truth Social Post, President Trump demanded Walmart eat the tariffs. The president can blast all caps posts all he likes, but inevitably Rove says parents will be unhappy with his tariffs. When it's time to outfit the kids for school. The 10 day deadline clock for the administration to stop collecting nearly all the tariffs is ticking according to that court. Is the president going to defy the court's order? So, so there's so much to unpack there. Lizzie, what I'm standing here listen for about 10 minutes. Like all these things going on. I mean, let's start with Karl Rove. Karl Rove is the guy who lost the Georgia 2 Senate seats for us and he's his day has has passed about for a decade ago. He hates the tariffs. He hates Donald Trump. Anything he says is totally discounted. And he said the same stuff during the first term. He said that consumers were going to eat the tariffs. They did not. Shame on you, Karl Rove. When are you going to learn? Sir, with respect to the market you're talking about, you seem to indic indicate that the markets were excited about this court ruling. The fact of the matter is the market's flat today on this ruling because nothing's really changed. What Ed should have and could have added to his analysis was the fact that the court itself said that the Trump administration can accomplish the same things using different authorities under the law. So you're saying that there's Bush or Obama or Biden. It's a bipartisan endeavor. However, this administration, the Trump administration, first time to sort of vilify the judiciary in this way, to put out names, photographs, accuse them of being part of the deep state. As we talked about yesterday when this news was breaking, you know, suggesting that it was a judicial coup, that this was something, an effort to thwart not just the will of the presidency but the people and talking about it in sort of incendiary terms that I know worries quite a few folks. I think the theme of the last two stories that we've been talking about are welcome to democracy, democracy, welcome to our system. It's not a judicial coup. Our system for as long as these short memoried people may or may not remember has been a three branch system of government in which other branches have a say. And when you go back to the Elon Musk story, it's the same story. He was, he didn't just leave. He's not, he's not just slipping out of Washington. He was chased out of Washington by democracy, by people saying no, by people protesting so much around his cars and dealerships that he lost billions and billions of dollars, by people raising their voices, by people filing lawsuits. And by the way, you know, Donald Trump was saying, I think he wrote, he will always be with us. That's something the Rev might say in a eulogy for someone. So he will always be with us. And I just want to, we can tell the Elon story and this kind of disciplining by democracy as a story of someone leaving. But there is pain in the wake of these tariffs and there's pain in the wake of what Elon did. He talked about bringing the wood chipper to usaid. Brook Nichols, Boston University professor, mathematician, figured out what is the effect of this. They have a tracker, 300,000 deaths, deaths according to a Boston University professor because of the aid cut so far, 200,000 of them children. Okay, Vietnam War, you all remember that 60,000 US service members died. This is five times more deaths according to the Boston University study because of aid cuts since January of this year. So Elon Musk is leaving, but he's also leaving a legacy. But I think it's really important that people remember the courts work. Joe and I have been having a 10 year conversation about our institution standing up or not. The courts work still, not perfectly, there's problems, but courts work, lawsuits work and pressure works and people raising their voice works. And it's not just that Washington always wins. I think the people always win. Judiciary and Democrats filing lawsuits. This has got to stop, by the way, this weaponization of the judiciary to stop President Trump from doing what he promised the American people. This has got to stop. The people of America have the lowest level of confidence in the American judiciary they've had in 100 years. And it's getting close to what they think about Congress. And that's a low bar to hit. How much of that is because every time you get a court decision you don't like, you and your colleagues come out here and rail against Roe guns. Who is this guy? Tell me who you are, sir. I'm Andrew Feinberg. I work for the Independent. Okay, so that, that is such a biased question. That is not a journalist question. That was like an op ed, sir. So I don't even respond to that. Who else has got an intel? Yes, ma' am. Well, Brett, it seems highly inappropriate for the judiciary to weigh it in here when the Senate had the opportunity to override the President and didn't. So you know, in terms of separation of powers, the Senate has chosen not to exercise their powers and the president absolutely has the right to set the trade agenda for the US we arethis administration is committed to fair trade and we are striking the best deals for the American people. And anything that the courts do to get in the way both harms the American people in terms of trade and in terms of tariff revenue. Personal income is up 8 10, up 810 of a percent. That is almost triple the expectations and it underscores. We could talk about a lot of issues, but when you look at income for the first four months of the year, they're powerful numbers, Joe. Up 610 in January, up 710 in February, up a half 1% last month, up 810 this month. This is a great four month start to any year now with the income shooting up. And by the way, 810 is the strongest income month over month jump since May of 21 when it was 1.9. This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. There's not got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience. Ask yourself what is my task and what is my purpose? If that answer is to save my country, this, this country will be saved. War room here's your host, Stephen K. Band. It's Friday the 30th of May Yerviller 2025. Magnificent cold open right there. You see the turmoil that President Trump's policies ruined. Let's just go back. You have three big lines of work. Number one is to stop the kinetic part of the third World War all the way in that arc of instability from Kursk to Kiev, down through the Mediterranean, Israel, Gaza, all the way to Persia, the Red Sea, all of it. President Trump trying to do the heavy lift there. But this is tied to trade. Also you got the deportations, the courts right now and this is important about tariffs Yesterday. So what they've done is challenged his Article 2 powers as commander in chief, remember, on the deportations back to Venezuela in Central America, he's declared an emergency, a national emergency on an invasion. And he says he can deport all these include starting with the bad hombres, right on trade. What they did is said we have a national emergency because of 1 million fentanyl deaths in human trafficking. The sub, the subheading was about actual trade itself and the shipping of jobs. That's what the court did yesterday. The court took the entire argument on the emergency of why he's going after Canada, Mexico and the Chinese Communist Party and actually just dismissed it, completely dismissed it as the courts are trying to dismiss about the invasion. Remember, they had a leaked national Intelligence estimate that Tulsi Gabbard caught after it was already leaked by the deep state people on her staff. And she fired those folks on the staff. Brennan went nuts. But you see this continuing constitutional crisis we're in, it's not about to come. It's here. It's got to be rectified by the end of June before the Supreme Court goes home. We cannot have 100 days in the summer till they come back in October unless this is dealt with. And D.C. drano, you know, Rogan O' Hanley is going to join with us later in the show as Mike Davis is. I think Mike's calling in from Israel. He's on a trip over there. And about President Trump literally putting a shot across the bow of Leonard Leo and the Federalist Society people should understand this thing is ramping up. And what President Trump is doing and his team is doing across the board is getting these recalcitrant Republican globalists, the Karl Roves of the world and the Leonard Leos of the world, and giving them a head slap and saying either get with the program or you're going to get off the program. This is why Peter Navarro at the Sticks yesterday is going off on Karl Rove, of course, in the globalist controlled opposition Wall Street Journal, once again, stunningly, Karl Rove is out there, you know, whining about the midterms, whining about the tariffs, whining about all of it. President Trump's massive effort to bring manufacturing high value added manufacturing jobs back to the United States. Folks should understand two things here. We told you this was going to be big and it's big. Go Back to the 7th, 8th and 9th of May, the 80th anniversary of victory in Europe Day. From the Russian perspective. You had Lulin Brazil, you had Xi and you had Putin altogether. This goes back to 2019, when President Trump and Lighthizer and Jamieson Greer and Peter Navarre and others, Miller and myself, worked for two years to get a trade deal that was totally inextricably linked the Chinese Communist Party to the global economy. After two years of negotiation, after they had the one belt and one road conference in Shanghai with Putin, the first one they had, they tore it up and spit in our face. And then voila, 90 days later at the military games in Wuhan, people started getting sick. President Trump is on a roll with a 3% growth rate in his economy, no inflation, interest rates near all time lows. This is what's happened here. If you notice the Russian assault on Ukraine and we're all for ending this war immediately. We didn't want to have it begin in the first place. There were calcitrants at the table on a rapprochement in Ukraine and now the Chinese Communist Party told Bessant, I don't know, it's going to be a while before we meet. Part of that is Harvard and chasing the chasing the Chinese Communist Party guys from mainland China out of Harvard and they're going to chase them out of every university in the country. Report today 350,000 Chinese students in engineering schools, artificial intelligence, all of it, 800Americans in China, maybe mostly on languages and humanities. They all got to go and they got to be replaced by American students. Short commercial break we're going to get down to it today. Global economics, capital markets, all of it next. This July there is a global summit of BRICS nations in Rio de Janeiro. The block of emerging superpowers including China, Russia, India and Persia are meeting with the goal of displacing the United States dollar as the global currency. They're calling this the Rio reset. As BRICS nations push forward with their plans, global demand for US dollars will decrease, bringing down the value of the dollar in your savings. While this transition won't not happen overnight, but trust me, it's going to start in Rio. The real reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality. Learn if diversify your savings into gold is right for you. Birch Gold Group can help you move your hard earned savings into a tax sheltered IRA and precious metals. Claim your free info kit on gold by texting my name Bannon. That's B A N N O N to 989-898 with an A plus rating with the Better Business Bureau and tens of thousands of happy Customers led Birchgold army with a free no obligation info kit on owning gold before July and The Rio reset. Tex Bannon B A N N O N to 9,898. 98 do it today. That's the Rio reset. Text Bannon at 989-898 and do it today. Here's your host, Stephen K. Band. Okay, one big aspect here that people should keep in mind. I got Eric Teetzel from Center for Renewing America. Teetzel, center for Renewing America is kind of like Fort Apache, right? All the, all the, all the colonels and field officers all went to the, went to the administration and we got guys holding the fort. I'm just kidding Title, you're a rock star. But I am about to beat you up here on this. On the pocket decisions. Your new greatest idea. I'm not saying you bait and switch me, but we'll get to that in a second. Hey, your thoughts? You guys have been at the forefront of the as public intellectuals with the Project 2025 guys, the America First Policy Institute, America First Law, all of it of working through the President's agenda. Walk me through what's happened the last 48 hours, both on the judicial insurrection, particularly with the tariffs now. And they're just dismissing the national security aspect of this and going back to the economics, which is not the way to look at it. I would love to look at it that way. I think you make a compelling argument. If you have to go to was it 301s and 232s and all what we did in the first administration, it'll take you three years. If you go to Congress, it'll take you 10 years. So give me your thoughts on that. Put that in perspective for folks.