Episode 4688: American Manufacturing Investment SOARS; Pandemic Treaty 2.0!?

Summary

Episode 4688: American Manufacturing Investment SOARS; Pandemic Treaty 2.0!?

Release Date: August 7, 2025
Host: Natalie Winters
Guests: Steve Bannon, E.J. Antony, Donald Trump, Tim Cook

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Introduction

In Episode 4688 of Bannon’s War Room, host Natalie Winters delves into the resurgence of American manufacturing, spotlighting significant investments from industry giants like Apple. The episode features high-profile guests, including Steve Bannon, E.J. Antony, and a live appearance by President Donald Trump alongside Apple CEO Tim Cook. The discussion spans economic policies, trade strategies, and geopolitical maneuvers aimed at revitalizing the U.S. economy and countering global challenges.

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Apple’s Historic Investment in American Manufacturing

A focal point of the episode is Apple’s monumental commitment to invest $600 billion in the United States over the next four years—a $100 billion increase from their initial pledge. This investment is poised to create over 20,000 new American jobs and enhance the domestic supply chain for Apple products.

E.J. Antony emphasizes the dual impact of foreign and domestic investments:

“[02:36]...you now have the effects of the one big beautiful bill act... supercharges domestic investment... a one, two punch that really... supercharges growth in the economy.”

Natalie Winters adds perspective on the societal benefits:

“[04:15]...investing in American manufacturing... gives, I don't know, actual legacy Americans, native born Americans jobs, not just these foreigners.”

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Tariffs and Trade Policy: Navigating Economic Protectionism

The conversation shifts to President Trump’s aggressive tariff policies designed to incentivize domestic production while imposing significant tariffs on foreign goods. A controversial headline is discussed: “How Trump's $150 billion tariff brag could backfire,” suggesting potential judicial pushback requiring the administration to repay tariff revenues.

E.J. Antony defends the administration’s stance:

“[05:19]...investment under Biden was really just wasteful spending... today's investment... build plants and equipment... increase productivity... drive wages higher.”

Natalie Winters highlights positive economic indicators, noting that 82% of S&P 500 companies surpassed their earnings estimates—the highest in four years. E.J. Antony explains:

“[08:16]...stock market has been hitting all-time records... the s and P500 is a reflection of Main Street America because the vast majority are invested in these companies... earning estimates are being exceeded.”

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Press Conference Highlights: President Trump and Tim Cook

A significant segment features a live press conference with President Donald Trump and Apple CEO Tim Cook in the Oval Office.

President Trump announces Apple’s enhanced investment:

“[16:14]...Apple is announcing that it will invest $600 billion, that's with a B in the United States over the next four years. It's the largest investment Apple has ever made in America and anywhere else.”

Tim Cook elaborates on Apple’s initiatives:

“[27:44]...Today we're committing an additional $100 billion to the United States... Apple is leading the creation of an end-to-end silicon supply chain right here in America.”

The dialogue underscores a mutual commitment to strengthening American manufacturing and technological innovation. Tim Cook highlights collaborations with major companies and the establishment of advanced manufacturing facilities across multiple states.

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Geopolitical Developments: The BRICS Challenge

Steve Bannon raises alarms about the BRICS nations (Brazil, Russia, India, China, South Africa) attempting to replace the U.S. dollar as the global currency—a move termed the "Rio Reset." He warns that this shift could diminish global demand for the dollar, adversely affecting the U.S. economy.

In response, President Trump underscores the robustness of the American economy despite these geopolitical pressures:

“[43:35]...it's just a way of trying to divert attention to something that's total bullshit.”

Trump highlights strategic economic moves, including potential additional tariffs and sanctions, particularly targeting China’s economic strategies.

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Labor Market and Workforce Development

Addressing concerns about the availability of a skilled workforce to support the influx of manufacturing investments, President Trump assures that America possesses a ready and trained labor pool. He points to training centers and educational initiatives spearheaded by companies like Apple as pivotal in preparing the workforce for new job opportunities.

E.J. Antony adds:

“[35:49]...the labor market is a market... when you see those increases in supply, it puts downward pressure on prices—wages.”

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Addressing Domestic Issues: Crime and Infrastructure in D.C.

President Trump also touches upon domestic concerns, specifically the rising crime rates and deteriorating infrastructure in Washington, D.C. He pledges to federalize the D.C. police force to restore safety and order, emphasizing the administration’s commitment to maintaining a secure and prosperous capital.

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Conclusion: Unprecedented Economic Growth and Strategic Success

The episode wraps up on an optimistic note, highlighting the unprecedented economic growth driven by strategic investments, favorable trade policies, and robust corporate commitments. President Trump concludes with a strong affirmation of the administration’s success in revitalizing the American economy and countering both domestic and international challenges.

“[47:53]...the growth is going to be unprecedented. I think we're going to have growth that's unbelievable.”

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Notable Quotes:

• Steve Bannon [00:03]:
  “This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people.”

• E.J. Antony [02:36]:
  “It’s going to supercharge growth in the economy. Investment is the driver of economic growth in the long run.”

• Donald Trump [16:14]:
  “Apple is announcing that it will invest $600 billion, that's with a B in the United States over the next four years.”

• E.J. Antony [08:16]:
  “Main Street America is invested in these companies. When those indexes do well, Main Street actually does well.”

• Donald Trump [27:44]:
  “We're allowing them to build electric producing plants with their factory because otherwise they'd have to hook into the grid.”

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Final Thoughts

Episode 4688 of Bannon’s War Room presents a robust narrative of American economic resurgence fueled by strategic investments, protective trade policies, and a reinvigorated manufacturing sector. The collaboration between government and industry leaders like Tim Cook underscores a unified effort to position the United States as a global economic powerhouse, resilient against both domestic challenges and international competition.

Transcript

[Steve Bannon]

This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. You're just not going to 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.

[Tim Cook]

And where do people like that go.

[Steve Bannon]

To share the big lie?

[Tim Cook]

MAGA MEDIA I wish in my soul.

[E.J. Antony]

I wish that any of these people had a conscience.

[Steve Bannon]

Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.

[Tim Cook]

WAR Room, here's your host, Stephen K. Bannock.

[Natalie Winters]

You're in the War room. It's Wednesday, August 6th in the year of our Lord 2025. It's Natalie Winters hosting today's episode, this edition, this 5pm evening afternoon edition of War Room. We are awaiting President Trump who's going to be speaking live from the Oval Office, not sure exactly when, but talking about another $100 billion worth of investment from Apple, particularly in American manufacturing. You love to hear it. That is of course, on top of the I think already pre $500 billion coming from Apple and of course, atop a trove of pro American manufacturing deals. I think the highlight that we've really been focusing on is that Mountain Pass rare earth mineral deal that the Defense Department under the leadership of Secretary Hegseth has really spearheaded. We're seeing a lot of converging on the manufacturing and national security front. We love to see it. I'm sure the Chinese Communist Party does not feel the same way. While we await that, we're going to have Kurt Mills join us, talk about the latest going on on the Russia front, some investigations into who is helping the CCP buy up American farmlands. But until we get there, we got the one and only E.J. antony, who I don't know, maybe you're going to be the next bls. That's what Steve is saying. I think it'd be great. I think you'd be wonderful for the job. But there's been a lot of reporting today. I want to get to the sort of media's attempts to to somehow say that revenue from tariffs is bad because we might have to pay it back. But before we debunk, obviously the legacy media, your reaction to the additional $100 billion worth of investment from Apple.

[E.J. Antony]

Well, Natalie, thank you for your kind words and this is just great news in terms of all this investment pouring in from abroad. And also let's not forget that in addition to the investment pouring in from abroad, because of the different trade agreements and negotiations that are being worked out, right on top of that, you now have the effects of the one big beautiful bill act. Right? And among the good provisions in there is the return of full expensing. So this is essentially going to supercharge domestic investment. So not only do you have again that foreign investment coming in, that's great. It's also great that now you're seeing more domestic investment too because of that tax advantage there. So you're getting a great one, two punch essentially that really again, it supercharges growth in the economy. Investment is the driver of economic growth. It's not consumer spending, although we talk about consumer spending a lot because that is between 2/3 or 3/4 of the economy and it's a very, very important component. Absolutely. But what sustains it? Investment. Investment is what drives economic growth in the long run. Investment is what drives wages higher, it's what increases productivity, et cetera. So the fact that we're getting more investment means we are setting ourselves up for a huge increase in, in economic growth in the future. So that's a great, great thing. And again, it's really a kind of double whammy in a good sense here because you are getting that huge inflow of foreign investment and now you're seeing more domestic investment as well. So really hats off to the President on achieving again that kind of one, two punch.

[Natalie Winters]

Well, and I think it's a meaningful investment too. Right. Under Joe Biden, you obviously saw parts of the economy expand, but really only for the top 1%. But I think these dollars have sort of a compounding effect not just on the economy, but frankly on American society. Right. Investing in American manufacturing, not just strengthening supply chains, but also giving, I don't know, call me crazy, actual legacy Americans, native born Americans jobs, not just these foreigners. So I guess naturally, of course Politico and their, you know, corporate sponsored pals are going to have to run cover. There was a really interesting headline this morning. How Trump's $150 billion tariff brag could backfire. Fire quote. A court could rule the administration has to repay tariff revenue which would undercut one of the President's central selling points for its sweeping trade policies. Now I would not put anything like that past a rogue judge. Maybe it's Boasberg or Barrel.

[Donald Trump]

How.

[Natalie Winters]

I'll take your pick. But could you just sort of walk us through that bizarre Logic chain I didn't really, really follow. But is this something that that is being discussed?

[E.J. Antony]

Well, I suppose it's certainly possible, Natalie, especially in today's kind of judicial world where you do have a lot of judges seemingly doing whatever they want. And look, sometimes you will have court rulings that seem like they're outside of the norm but are the right thing. It is a proper constitutional ruling. But more often than that, today, what we've seen, and this stretches far beyond economics, is you've seen judges going way beyond their authority and issuing these blatantly unconstitutional constitutional rulings, which then ultimately have to get overturned by the Supreme Court. But essentially, in terms of this particular one, what it's talking about is saying a court could theoretically not only rule that a particular tariff is unconstitutional, but then rule that the executive branch must direct the treasury essentially to turn over, to turn over that revenue back to whoever paid it, to whoever paid those particular tariffs. But I do, Natalie, if I can, I really want to get back to point that you raised earlier, which was a great, great point, the difference in investment between Biden and Trump. What we saw under Biden, although you're right, it was technically called investment, it was really just wasteful spending. It was putting money into inefficient projects that were net losers, things like solar, like wind projects that can't ever actually break even over their lifetime without massive, massive government subsidies. And so what, what that again, investment in quotes here in air quotes, what that investment under Biden was really all about was wasting taxpayer dollars as opposed to the investment that we're seeing today, which is going to build plants and equipment to allow for more manufacturing. It's going to go to additional software development, all of these different things that again, they increase productivity, it drives production higher, it drives wages higher. And that's where you get real economic growth, as opposed to, again, what we saw under Biden, which was little more than simply flushing taxpayer dollars down the drain.

[Natalie Winters]

Well, it's also not even mutually exclusive with, I think, really stellar performance from a lot of the companies in the S&P 500. I always love having you on because I can just throw you a statistic and you can sort of contextualize it for us. But I saw that despite all the fear mongering over President Trump's tariffs and how unsteady of a hand he is, that 82% of the S&P 500 companies actually beat their quarterly earnings estimates, which is the highest number in four years. Can you walk us through how it's both Main street and just your average typical American family, but also these large corporations who are sort of experiencing a boon from President Trump's actions.

[E.J. Antony]

Well, we talk about stock indexes, Natalie, like the s and P500, and we say that's Wall street, that's really Main Street. Not only because it's a wide array of companies, right, 500 companies. And there's a lot of Americans who work in those companies. There are all kinds of plants and stores all around the country from those companies. Not just because of that, but because the vast majority of Americans are actually invested in those companies. Sure, some individuals own shares of stock, but most of us have things like retirement accounts. It could be a pension plan, could be an IRA, like a 401k. Whatever the case may be, the vast majority of Main Street America is invested in an index like the s and P500. And so when those indexes do well, Main street actually does well. It's kind of a misnomer when we talk about, again, something like the s and P500, and we think, oh, that's just Wall street. That's somewhere in Manhattan. That's not Main Street. It really is. And so it's good when we see those stock prices go up because these companies are beating earning estimates. Now, there's two kind of effects we should point out here. One was that companies really thought that, that the tariffs were going to have a very, very detrimental effect on the economy and some of the other economic policy changes that we've seen. And so they lowered their estimates. And then it made it a lot easier to beat those estimates. But even if you consider the lower estimates, in other words, what did the most recent earnings round look like? Against previous guidance data, you find that it's still beating those numbers as well. So earnings went up at the same time expectations went down. Again, a kind of one, two punch, if I can continue to use that phrase. And that has really helped, I think, buoy markets along here. Getting back to your other question though, it's not just a matter of the tariffs. The tariffs are the stick in a carrot and stick approach here. So what is the carrot then? The carrot is deregulation. It's lower taxation. It's creating a more business friendly environment that makes it easier to employ people here in America and produce stuff here in America, whether those are products or whether those are services. So at the end of the day, again, it's this carrot stick approach where you disincentivize moving production abroad and you incentivize moving it here and thus Far that has really been a winning formula for this White House.

[Natalie Winters]

Well, let's make it a 1, 2, 3 punch. Obviously, Bannon always says that, you know, trade policy, immigration policy are essentially two sides of the, of the same coin. And I think that's a particularly sound metaphor because that coin, I think represents the wages of America's working class. And I think to your point, the idea that we're actually hiring Americans, that's something we've certainly seen in the job numbers, right. Revisions, not in the Biden style, but showing that there's actually American born workers getting jobs, not foreign imports, but an interesting statistic showing that remittances to Mexico, Mexico have actually plummeted 16.2% in June, which is the biggest drop in over a decade. Can you just sort of contextualize the significance, not just the meaning, but the outright significance of that for American workers?

[E.J. Antony]

Oh, certainly, Natalie. And I think this is kind of a symptom of what we're also seeing in some of the broader labor market data, not the least of which is what you already mentioned, that the job growth today is going to native born Americans as opposed to going to foreign born workers. Now, what we saw during the first Trump administration was the economy was essentially adding so many jobs at such a steady pace that both groups saw employment go up. There were more native born Americans employed and there were more foreign born workers employed. Unfortunately, what we saw under Biden was really exactly the opposite. Native born Americans were largely left behind in that labor market. So much so, Natalie, that by the time Biden left office, you had fewer native born Americans employed than before the pandemic. So all of the net job growth that we had over that time, it's reasonable to assume it was all going to those foreign born workers which were just being imported en masse by the last administration. And look, the labor market is a market. It's right there in the name. And so we have to remember, even though people are unique, people are not a regular economic commodity. The basic laws of economics still apply here. When you see those kinds of drastic increases in supply, it puts downward pressure on prices. And in the labor market, we call that wages. So when you reverse that and that reverse the effect of Donald Trump.

[Natalie Winters]

So I'm going to have to toss to him. I don't know if you can can hear me. We will have you back. E.J. antonio. Got to follow him on Twitter. The best analysis, but President Trump is.

[Donald Trump]

Speaking live from the Oval Office.

[Natalie Winters]

Let's go to it.

[Donald Trump]

Wounded and two very, very seriously hurt around 11 o' clock this morning. The shooter is now in custody and the Army Criminal Investigation Division is on site to ensure that the perpetrator of this atrocity, which is exactly what it is, will be prosecuted to the fullest extent of the law. The entire nation is praying for the victims and their families and hopefully they'll fully recover and we can put this chapter behind. But we're not going to forget what happened. They going to take very good care of this person that did this horrible person. This afternoon we're pleased to welcome to the White House one of the great and most esteemed business leaders and geniuses and innovators anywhere in the world. Apple CEO Tim Cook. Amazing job. Thanks as well to Secretary of the Treasury Scott Bessant and Secretary of Commerce Howard Lutnick for being here, wherever you may be. Oh, there you are. Hello fellas. I missed you. Today Apple is announcing that it will invest $600 billion, that's with a B in the United States over the next four years. That's $100 billion more than they were originally going to invest. And this is the largest investment Apple has ever made in America and anywhere else. And it's just an honor to have you. As you know, Apple has been an investor in other countries a little bit. I won't say which ones, but a couple. And they're coming, they're coming home. $600 billion. That's the biggest there is. The company is also unveiling its ambitious new American manufacturing program which will bring factories and assembly lines across our country all roaring to life. Areas that were not doing so well are doing very well. We have about $17 trillion coming into the United States, which is more than ever before. It's never even come close. There's never been anything like it. Even you. That's even a lot of money for you. But we have commitments of more than $17 trillion. That was as of a couple of weeks ago. These investments will directly create more than 20,000 brand new American jobs and many thousands more at the Apple suppliers like Corning, Broadcom, Texas Instruments and Samsung, who all deal in that world. As part of this historic commitment, Apple will massively increase spending on its domestic supply chain for the iPhone and will build the largest and most sophisticated smart glass production line in the world in Harrodsburg, Kentucky, which is a great. Actually I did very well there. I like it because I see I did very well there. I did very well in Kentucky, but it's a great place. You're going to be very happy. I thought Maybe while we're up, I'll interrupt my own speech by you might show them a little bit about the product that you're going to be doing in Kentucky. Tim. Absolutely.

[Tim Cook]

Do you mind if I step up?

[Donald Trump]

Yes, please.

[Tim Cook]

This box was made in the U.S. california. And this glass comes off of the horning line. It's engraved for President Trump. It's a unique unit of one. It was designed by a US Marine Corps corporal, a former one that works at Apple.

[Donald Trump]

Now he's done well, designed it for you.

[Tim Cook]

And the base comes from Utah and is 24 karat gold and it sits. I'll take the liberty of setting it off. Congratulations.

[Donald Trump]

Thank you. Thank you so much. The great people of Kentucky, you're going to find it a great place to do business. That's fantastic. Isn't that nice? We're doing these things now in the United States instead of other countries, faraway countries. This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America. With the mass infusion of capital it's announcing today, Apple will also build a 250,000 square foot server manufacturing facility in Houston and invest billions of dollars to construct data centers across the country from North Carolina to Iowa to Oregon. That's big stuff. Apple will also open state of the art manufacturing economy. It's going to be a manufacturing academy in Detroit and that's a great place to do. You know, big things are happening in Michigan and Detroit. They're coming in because of what we've done with the, I call it the great big beautiful bill. I added one word great. But we have the, probably the biggest, most comprehensive piece of legislation ever passed. It's going to mean unbelievable numbers of jobs and no jobs on. Think of this, whether it's tips or overtime or Social Security, no tax. So no tax on tips, no tax on Social Security, no tax on overtime. And there's just a small bit of it. For Apple and others businesses, we're talking about the deductions and all of the things. And actually for people, they go out and buy a car, first time it's ever been done. We talk about deductions for companies but they're going to be able to deduct interest when they borrow money to buy a car. If it's made in America, it has to be made in America. So it is amazing. And one of the reasons I think I can say that Apple is coming here is the legislation we just passed. With this kind of investment, Apple will also open other facilities rare earth magnets from Texas. And build. Oh, I love that you're doing this. I love that, I love that. And build a brand new rare earth recycling line in Mountain Pass, California. I know that area. That's where they have a lot of truly rare earth. That's fantastic. I love that. And Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona and New York. For years, Americans have watched as many of our leading tech giants built their factories overseas and exported American jobs abroad. But under the Trump administration, we're doing everything possible to make this the best place on earth to build a factory or grow businesses. I'm allowing them to build electric producing plants with their factory because otherwise they'd have to hook into the grid. And I think it's one of the biggest things we've done where you can build, Tim, your own electricity. You, you become your own electric manufacturer and that goes along with the plant. So you become a utility. So congratulations, now you're in the utility. I hope, I hope they don't value your company based on utility, but that's okay. You're going to make, you're going to be making your own electricity. And as you probably know, for much of this and much of many of the things that we're doing, especially the AI, they would need actually double the electricity that the country now produces for everything. So it's massive electric and they're going to be able to make their own and they're getting very fast approvals. Lee Zeldin is doing a fantastic job, including with a 100% expensing on the one big beautiful bill. In return, we're asking our businesses to invest in America and they're coming in at levels that we've never seen before. So I don't know when it shows up, but there are a lot of factories and a lot of plants that are either under construction or soon will be starting construction. So can't tell you exactly when, but I want to be around in about a year from now and two years from now because we're going to see an explosion, I think, like this country has never seen before. Never. Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history. And we've got the hottest country anywhere in the world. You know, I told you the story that. And Tim, I'll tell you, but I went to the Middle east and I was with Qatar, I was with UAE and the king of Saudi Arabia, all great leaders. And then I Went to NATO and saw many great leaders. And we just finished that about four weeks ago. Everyone, virtually everyone said in effect that we were a dead country. One year ago, America, this was a dead country. We were dying. We were dead. And now you've got the hottest country anywhere in the world. This would have never happened except for certain people. Thank you very much. I appreciate it. Nvidia is investing $500 billion to go along with Apple. $600 billion. $600 billion. Micron, great company, is investing $200 billion. IBM is investing more than $150 billion. SoftBank is investing substantially more than $100 billion. TSMC is investing $200 billion. Johnson & Johnson, $55 billion. Merck, Stellantis and General Motors are putting many, many billions in. They haven't determined the final number. And many other countries are investing tens of billions of dollars. And I'm not going to give you the whole list because the list is too long to read. But it's hundreds of billions and even trillions. I mean it's trillions of dollars that's being invested right now. Last week it was announced that our economy grew at 3% in the second quarter and consumer confidence is surging. Blue collar wages are rising rapidly. Costs are way down. You know, I listen to these horrendous frauds on CNN and various other fake news networks and they say costs are up. No, no, costs are down. Gasoline is down. It's going to soon I believe be less than $2 a gallon. It's around $2.40 right now. Many places other than a California where they tax you out of business, but and a couple of others, but gasoline is way down. The price of groceries are down. How about eggs? When I first came here my first week, the press hit me very hard on eggs. Eggs had quadrupled or something. I said I didn't know about it. Give me a chance. I've just been here for four days. Well, eggs are down. Everything is down. Price is down. The only thing that's up is stock prices. That's really up and that's through the roof. The stock market has been hitting all time records, all time highs. Last week it was announced that our economy grew at levels that we haven't seen in a long time. But the real levels of growth are going to be judged in a year from now when you start seeing some of these incredible plants because we have car plants opening. They're coming in from Canada, from Mexico and from all over the world. And they're coming in because they like the way the election worked out. But they also like the fact that they don't want to pay tariffs. And the tariffs I think we'll be take. Well, we're taking in hundreds of billions of dollars in tariffs. I won't be so specific other than to say, because we don't even know what the final number is. We just made a deal, as you know, with the EU where they're paying hundreds of billions of dollars, Japan paying hundreds of billions of dollars, and numerous other countries paying hundreds of billions of dollars. And we're not even completed there. And as you know, they found $25 billion three weeks ago. They said, we have a surplus of $25 billion. And they said, where did this come from? They said, check the tariffs. And they checked. They said, you're right, that's where it came from. And we've really just started. This is just in its infancy. So we have a great country. We have a country that is going to be very rich. It's a country that we're very proud of, but it's going to be very rich. And it's companies like Apple, they're coming home. They're all coming home. And we want them to come home. They have to come home. We're going to treat them really well. We're going to be putting a very large tariff on chips and semiconductors. But the good news for companies like Apple is if you're building in the United States or have committed to build, without question committed to build in the United States, there will be no charge. In other words, we're not going to be charging. So a lot of countries, a lot of companies are leaving various other places and they're coming to the United States. So in other words, we'll be putting a tariff on of approximately 100% on chips and semiconductors. But if you're building in the United States of America, there's no charge. Even though you're building and you're not producing yet. In terms of the big numbers of jobs and all of the things that you're building, if you're building, there will be no charge. So I just want everyone to know that. And I didn't even tell you that inside. We discussed the concept, but I didn't. So it's a big factor. So 100% tariff on all chips and semiconductors coming into the United States. But if you've made a commitment to build, or if you're in the process of building, as many are, there is no tariff. Okay. If for some reason you say you're Building, and you don't build, then we go back and get. We add it up, it accumulates and we charge you at a later date. You have to pay, and that's a guarantee. So that's a big statement. And I think the chip companies are all coming back home. They're all coming back. You know, we started with intel and gradually intel was just taken over the, over the coals. They were taken to the cleaners, frankly, and moved to other places, in particular Taiwan. But I think a lot of those, A lot of those companies are coming back and they're coming back very rapidly. So that's a big statement. 100% tariff. I want to thank you very much. Tim, would you like to say a few words about your company, please?

[Tim Cook]

Good afternoon, everyone. Mr. President, thank you very much for having me here today. You've been a great advocate for American innovation and manufacturing. I'm grateful for your leadership and your commitment.

[Donald Trump]

Commitment.

[Tim Cook]

That's a commitment we share at Apple because American innovation is central to everything we do. Our products are designed here. We're hiring and growing here, and we support 450,000 jobs with thousands of suppliers and partners in all 50 states. Earlier this year, we made our largest ever spending commitment, $500 billion to the US over the next four years. That's already yielding results. Earlier this year, we broke ground on a new factory in Houston to make advanced AI servers. And just last month, the very first test unit rolled off that factory's line, proudly Made in America. President Trump shared some kind words about that work, but he also asked us to think about what more we could commit to doing. And Mr. President, we took that challenge very seriously. I'm glad to be here with you today. And I'm very proud to say that today we're committing an additional 100 billion to the United States, bringing our total U.S. investment to 600 billion over the next four years. As a part of this, we're launching Apple's American manufacturing program. It will spur even more production right here in America for critical components used in Apple products all around the world. And we're thrilled to announce that we've already signed new agreements with 10 companies across America to do just that. First, with today's announcements, I'm proud to say that Apple is leading the creation of an end to end silicon supply chain right here in America, from design to equipment to. To wafer production to fabrication to packaging. In Texas, we're working with manufacturers like Texas Instruments, Global Wafers America and Applied Materials. We're working with Amcor in Arizona. And Broadcom and Global Foundries in New York. Thanks to President Trump's vision and with his help in his first term, we also led the way to bring TSMC to Arizona by committing to be their first and largest customer. Today, they're producing tens of millions of chips for Apple using one of the most advanced process technologies in America. Today, we're going to keep working with our suppliers to move even more of this incredibly advanced work to America. And this year alone, American manufacturers are on Track to make 19 billion chips for Apple in 24 factories across 12 different states. Second, we're committed to buying American made advanced rare earth magnets developed by MP Materials, which will become part of Apple's devices shipped around the world. MP is the only fully integrated rare earth producer in the United States. And with this partnership, they'll be significantly expanding their flagship facility in Fort Worth, Texas. We're also thrilled to work together on a cutting edge rare earth recycling line in Mountain Pass, California, and third, in Kentucky. We've worked with our partners at Corning to build the world's largest and most advanced smartphone glass production line. And I'm pleased to announce that very soon, this is, for the first time ever, every single new iPhone and every single new Apple watch sold anywhere in the world will contain cover glass made in Kentucky. In addition to the American manufacturing program, we're also significantly growing our investments in AI, including expanding data center capacity in North Carolina, in Nevada, in Iowa, in. In Arizona and Oregon. So we're going to keep making investments right here in America. We're going to keep hiring in America, and we're going to keep building technologies at the heart of our products right here in America, because we're a proud American company and we believe deeply in the promise of this great nation. Thank you all. And thank you, President Trump, for pulling or for putting American innovation and American jobs front door and center. Thank you, sir.

[Donald Trump]

Great honor.

[Tim Cook]

Thank you very much.

[Donald Trump]

Thank you. What a job he's done. What a job. Incredible. I want to thank you very much and thank you, jd for helping along. Good job. Really good job. Any questions, please?

[Natalie Winters]

Mr. President.

[Donald Trump]

Mr. President, you promised on the campaign trail to bring forth a manufacturing renaissance. You just mentioned $17 trillion in your.

[Natalie Winters]

First seven months or so.

[Tim Cook]

Can you talk about how an investment.

[Donald Trump]

Like this, all the other ones that you laid out, will positively impact the millions of Americans that trusted you with their vote. Thank you very much. It changes our country. I mean, our country is a very different country than it was six months ago. And people like Tim are coming. We had Micron in yesterday. We had all of the big great companies that you read about, you don't know about, but you read about many of them were making products outside of our country. Foolishly, we lost them. If we had the right person sitting in that seat, that would have never happened 20 and 30 years ago. When you look at the chip business, it would have never left our shores. We had 100% of chips originally and then we slowly got taken down to nothing. We have the biggest chip companies to both of them, but we have the biggest in the world coming in. They're going to Arizona and beyond and we're going to have, in a short period of time, we'll be up to almost 50% of the chips from starting in nothing. And that's something. But we have the greatest companies in the world coming into our country and that means jobs and it means wealth. And wealth means security for our people. Brian. Yes, sir. Congratulations on this investment. President Trump in great example of putting America first. What does the labor force look like to fill these jobs that you have? Do we have enough skilled American workers to fill this? Well, we do have a lot of workers and we have a lot of workers that hadn't been looking for work because they were disincentivized, frankly. And people like Tim have tremendous schools and training centers that they build along with a lot of their big plants where they train people on whether it's class like in Kentucky or computers or whatever they might be doing. It's a complex world and they train people and they do a great job. So it's a whole new workforce now. We have a lot of them in energy because, you know, they've always liked energy. As you know, coal has opened up and opened up big. We brought it back and brought it back in a very large way. You know, China is right now building 58 coal fired plants, 58 big ones. And here we were saying, we don't take coal. We have more coal than anybody else in the world. We have more oil and gas than anybody else in the world. But we have tremendous energy jobs. And the energy, as you know, we're booming with energy and that's why the gasoline prices are down. Costs are down. I just hope when they watch these shows, I watch this, I won't use names because I just make them better known that nobody knows who they are. But I watched this group of people on, on CNN and MSDNC too, the same thing where they say, well, costs have gone up. Costs haven't gone up, they've gone down. I'm telling you, the thing that's gone up is stock, stock prices and success of our country. Our country is really, really doing well. Successful. Yes, MA'. AM. Yes, Mr. President?

[Natalie Winters]

Have Putin and Zelensky agreed to a summit yet?

[Donald Trump]

And where and when would that be? Well, there's a very good prospect that they will, and we haven't determined where, but we had some very good talks with President Putin today, and there's a very good chance that we could be ending the. Ending the round. Ending the end of that road. That road was long and continues to be long. But there's a good chance that there will be a meeting very soon. Excuse me. How close do you think you are? Well, look, I don't want to say I've been disappointed before with this one. You know, we've solved five wars, plus add to that Iran, where we wiped out their nuclear capacity for weapons. They would have had a weapon within two months, maybe less. And that was totally obliterated. Turned out it was a total obliteration. And the pilots and the people that did that job are really. We have the greatest. We have the greatest armed forces in the world, but that was really something. In fact, there's a model of the plane right there. You got to bring that up, Susie. We have to see that. Look at this. This was just given to me. You know, we ordered brand new B2 bombers. This is a plane that, over a period of 36 hours of constant flying. Look at this. This is the brand new one they just ordered. Similar, but actually quite different. It's new and enhanced. It's an amazing machine. It went 36 hours. We had 52 tankers up in the air loading up our planes, because this was surrounded by F22s and F35s. And it was flawless. Tim, even you would say it was flawless. And every one of those bombs hit their target. And then we had Tomahawks shot in from a submarine 300 miles away, and they hit. Every single Tomahawk hit its target. It was amazing. And that was. That was a big threat. That was a nuclear threat. And here's the new one that we just ordered, a large number of them. I'll put it on.

[Tim Cook]

What was the.

[Donald Trump]

Mr. President, what was the biggest breakthrough today?

[Natalie Winters]

Did Vladimir Putin make some kind of.

[Donald Trump]

Concession that he hasn't been willing to make before? I don't call it a breakthrough. I mean, we've been working on this a long time. There are thousands of young people dying, mostly soldiers, but also, you know, missiles being hit into Kiev and Other places. But in terms of soldiers, I think Russia has lost over 20,000 since the beginning of the year. 20,000. And I guess the estimate for Ukraine is about 9,000. It's a. It's a terrible. It's a terrible situation. We want to get it stopped. You know, we don't have American soldiers there, but I feel I have an obligation to get it stopped. This was not my war. This war would have never started, not even a chance. And it didn't start for four years. I went four years and it didn't start. But this is Biden's war. This was. Was on his watch. And, you know, it's funny, we had no land was taken from Trump. It was taken from Bush, it was taken from Biden. The whole thing they would take from Biden if it weren't for us. But it was, and it was taken by Obama. Take a look at what was taken with all of the land that was taken. Nothing was taken by Russia from us. Not one ounce of land was taken. I'm here to get the thing over with. It would have never started if I were president. And we're here to get it stopped and get the death stopped. Yeah, please. Does the president. In the past, you said you would.

[Tim Cook]

Know if he was tacking you along.

[Natalie Winters]

What gives you any confidence that he is or isn't doing that this time around?

[Donald Trump]

Can't answer the question yet. I'll tell you in a matter of weeks, maybe less. But we've made a lot of progress. And as you know, we put a 50% tariff on India on oil. They're the second largest. They're very close to China in terms of the purchase of oil from Russia, but. So I don't know if that had anything to do with it, but we've had very productive talks today. Yes, ma'. Am.

[Natalie Winters]

President Trump unfateralizing D.C. are you considering taking over the D.C. police? Is that an option on the table?

[Donald Trump]

We're considering it, yeah. Because the crime is ridiculous. I could show you a chart comparing D.C. to other locations, and you're not going to want to see what it looks like. It was just up on television, actually. They were showing it. Now. We want to have a great, safe capital, and we're going to have it. And that includes cleanliness and it includes other things. We have a Capitol that's very unsafe. You know, we just almost lost a young man, beautiful, handsome guy that got the hell knocked out of him the night before last. And I'm going to call him now. We wanted to give him a Little recovery time. We just put a call into him. They're calling back in a little while, but he went through a bad situation, to put it mildly, and there's too much of it. We're going to. We're going to do something about it. So whether you call it federalized or what. And that also includes the graffiti that you see, the papers all over the place, the roads that are in bad shape, the medians that are falling down, the median in between, roads that's falling down. Going to beautify the city. We're going to make it beautiful. And what a shame, the rate of crime, the rate of muggings, killings and everything else. We're not going to let it. And that includes bringing in the National Guard, maybe very quickly, too.

[Natalie Winters]

And do you want Congress to look at overturning the D.C. home Rule Act?

[Donald Trump]

We're going to look at that. In fact, the lawyers are already studying it. We have to run dc this has to be the best run place in the country, not the worst run place in the country. And it has so much potential. And we're going to take care of it. You're going to be. You're going to be safe. You're going to be safe walking down streets. You're not going to get mugged.

[Tim Cook]

Mr. President, if you do reach a.

[E.J. Antony]

Deal with Ukraine and Russia, would you.

[Tim Cook]

Drop the additional tariffs on India?

[Donald Trump]

Well, we'll determine that later, but right now they're paying a 50% tariff. Okay. Yeah, please.

[Tim Cook]

One for Mr. Cook as well?

[Donald Trump]

Yeah, please. The President wants a made in the USA iPhone. What are the chances that you can actually make that happen?

[Tim Cook]

Well, if you look at the bulk of it, we're doing a lot of the semiconductors here. We're doing the glass here, we're doing the face ID module here. So there's a ton of it. And we're doing these for products sold elsewhere in the world. And so there's a lot of content.

[Steve Bannon]

In there from the United States.

[Tim Cook]

But what about the whole thing? We're very proud of it.

[Donald Trump]

Can you.

[Tim Cook]

Can you make the whole thing? Just the final assembly that you're focused on and that. That will be elsewhere for a while?

[Donald Trump]

He makes many of the components here, and we've been talking about it, and the whole thing is set up at other places, and it's been there for a long time. So in terms of cost and all, but I think we may incentivize them enough that one day he'll be bringing that. But he brings most of this stuff. Look, he's not making this kind of an investment anywhere in the world. Not even close. He's coming back. I mean, Apple's coming back to America. Thank you. Let me. Let me go.

[E.J. Antony]

Indian officials have said that there are.

[Tim Cook]

Other countries that are buying Russian oil.

[Donald Trump]

Like China, for instance.

[Tim Cook]

Why are you singling India out for these additional.

[Donald Trump]

It's only been eight hours. So let's see what happens over the next sanctions. You're going to see a lot more.

[E.J. Antony]

So this is a taste you're going.

[Donald Trump]

To see a lot more. You're going to see so much secondary sanctions. Yes, ma'.

[Tim Cook]

Am. Sorry. You were the driving force behind Operation.

[Donald Trump]

Warp Speed, these MRNA vaccines that are.

[Natalie Winters]

The gold standard right now.

[Tim Cook]

Your health secretary is pulling back all.

[Natalie Winters]

The funding for research. He's saying that the risk of risks.

[Donald Trump]

Outweigh the benefits, which puts them at odds with research on what your medical community and with you. What is going on. Research on what? Into MRNA vaccines. Well, we're going to look at that. We're talking about it and they're doing a very good job. And you know, that is a pass with Operation Warp Speed was, whether you're Republican or Democrat, considered one of the most incredible things ever done in this country. The efficiency, the, the way it was done, the distribution, everything about it was, has been amazing. But, you know, that was now a long time ago and we're onto other things, but we are speaking about it. We have meetings about it in tomorrow, actually, tomorrow at 12 o'. Clock. And we'll determine. We're looking for other answers to other problems, to other sicknesses and diseases. And I think we're doing really well. Yes, ma'. Am. Thank you, Mr. President.

[Steve Bannon]

You said many times that you want.

[Donald Trump]

To stop wars in the Middle East.

[Tim Cook]

Now Prime Minister Netanyahu is contemplating reoccupying Gaza entirely.

[Donald Trump]

Is he defying you, sir, or are.

[Natalie Winters]

You giving him a green light?

[Donald Trump]

Well, we have stopped wars in the Middle east by stopping Iran from having a nuclear weapon. And they are, you know, they can say they're going to start all over again, but that's a very dangerous thing for them to do because we'll be back. As soon as they start, we'll be back. And I think they understand that. They're just words. But no, we've stopped a lot of wars in the Middle East. If you think about what we did with Iran, Iran was the perpetrator of hate, a very evil place. And I think it's going to be a lot different in the coming years.

[Natalie Winters]

On the India penalties, do you have any similar Plans to enact more tariffs.

[Donald Trump]

On China as it relates to the purchase. Could happen. Depends on how we do. Could happen. Right. I've got an entertainment based question for you. A few weeks ago, Stephen Colbert announced that he was leaving a show. Howard Stern announced that him and Sirius XM Radio are parting ways. Do you think the hate Trump business model that's been in the entertainment business is going out of business because it's not popular with the American people? Well, it hasn't worked. And it hasn't worked really for a long time. And I would say pretty much from the beginning, Colbert has no talent. I mean, I could take anybody here. I could go outside on the beautiful streets and pick a couple of people that do just as well or better they get higher ratings than he did. He's got no talent. Fallon has no talent. Kimmel has no talent. They're next. They're going to be going. I hear they're going to be going. I don't know. But I would imagine because they get, you know, Colbert has better ratings than Kimmel or Fallon. You know that Howard Stern. It's a name I haven't heard. I used to do a show, we used to have fun, but I haven't heard that name in a long time. What happened? He got terminated. Yeah. They're going to separate ways because I think what they're offering salary wise is real low than what he's getting. You know, when he went down whenever you want. You know when he went down. No, before, when he endorsed Hillary Clinton, he lost his audience. People said, give me a break. He went down when he endorsed Hillary Clinton.

[E.J. Antony]

Mr. President, have you talked to Governor.

[Natalie Winters]

Claude interviewing that candidates yet?

[Donald Trump]

Yeah, we've started the interviewing process. Scott and I and Howard, a lot of people. JD we're all. We have some great candidates. It's probably down to three. He doesn't want the job. He said, I like. Do you like this job better?

[Tim Cook]

Yes, sir.

[Donald Trump]

I mean, he's, he was a candidate, but he, I don't think he'll take it. I don't, I really don't think he'd take it, actually.

[Natalie Winters]

From Wall Street?

[Donald Trump]

Yeah. Essentially we're all from Wall street, aren't we? You know, when you get right down to it, the term Wall Street. Yeah, please. Yep.

[Natalie Winters]

You made your tax cuts permanent.

[Donald Trump]

You mentioned that the tariffs are bringing in a ton of external revenue.

[Natalie Winters]

You've opened up markets, the eu, Japan, South Korea, many others. American goods that we've never seen before.

[Donald Trump]

How much growth can we expect in the economy now that this model of yours is sort of beginning to really take off. Well, I think the growth is going to be unprecedented. I think we're going to have growth that's unbelievable. Now, remember, we're building and just starting to build a lot of these incredible plants. We talked about the electric facilities that we're building, the. The generating plants. Electric generating plants are massive and they're going to be great. And they're going to sell excess electricity into our grid. So we're going to be having much more electricity than we ever had, and those plants are going to be taken care of individually. I know Tim is building one in one of his big factories, but especially for AI because it needs so much electricity. So I appreciate the question very much, and I think the growth is going to be unprecedented. Mr. Secretary, did you have a phone call about his New York City mayoral.

[Tim Cook]

Speak to Andrew Cuomo?

[Donald Trump]

I haven't. No, I haven't, Mr. President, have you.

[Tim Cook]

Been briefed on what Ghislaine Maxwell told Todd Blanche?

[Donald Trump]

No, I haven't. Have not whether it came up in the past. I know Todd is a very respected person all over the country, all over the world, legally. So I don't know. Yeah, please go ahead.

[Natalie Winters]

Will the new Fed governor be temporary?

[Donald Trump]

We're probably going to go with a temp and then a permanent. I think so. The temp is going to be named, I'd say, over the next two, three days, and then we're going to go permanent.

[Natalie Winters]

Are the two cabins the leading contenders for the permanent spot?

[Donald Trump]

For the. Well, the two Kevins? The two Kevins are absolutely. They're both very good, Mr. President. The two Kevins. Very good.

[Tim Cook]

Mr. President, is Vice President Vance hosting.

[Donald Trump]

A gathering this evening to talk about.

[Natalie Winters]

How to respond to the Epstein situation?

[Donald Trump]

Is he working on what?

[Natalie Winters]

Is he posting some kind of gathering of top advisors this evening to talk about how to respond to the Epstein situation?

[Donald Trump]

I don't know. I could ask you that question. I don't know of it, but I think here's the man right here.

[E.J. Antony]

I saw it reported today and it's completely fake news.

[Donald Trump]

We're not meaning to talk about the Epstein situation, and I think the reporter who reported it needs to get better sources. Look, the whole thing is a hoax. It's put out by the Democrats because we've had the most successful six months in the history of our country. And that's just a way of trying to divert attention to something that's total bullshit. Okay? Yeah, please. A new Gallup poll says that Elon.

[E.J. Antony]

Musk is The most unpopular public figure.

[Donald Trump]

In the country right now. I'm wondering, do you miss having him.

[Tim Cook]

Around the White House or is that poll accurate?

[Donald Trump]

I don't know if the poll's accurate. I think he's a good person. I think he had a bad moment, really bad moment, but he's a good person. I think, I believe that President Trump. Are you keeping that, what's the 12 day deadline?

[Natalie Winters]

China, D.C. potential secondary sanctions of Russian oil then having that tariff or sanction rather or not hinges on what going.

[Donald Trump]

Forward it may happen. I mean, I don't know. I can't tell you yet, but I can. We did it with, we did it with India. We're doing it probably with a couple of others. One of them could be China. Yes.

[Natalie Winters]

Are you keeping that 10 to 12 day deadline that you had given Russia after today's talks?

[Donald Trump]

Yeah, we're pretty much getting close to it right now. But we're having very serious talks right now about getting out of Ukraine, getting it settled, getting it ended. Should have never started. Would have never started. If I were president, it would have never started. I want to thank Tim Cook. He's a great, great man, a visionary, a businessman. Just about every quality he can have other than athleticism. I don't know about that. I'm looking at him. I'm not, I'm not 100% sure about you. You're a good athlete. I'll bet you're pretty good. I think he's good at everything. But I want to thank you very much, Tim.

[Tim Cook]

Thank you sir.

[Donald Trump]

Congratulations. Thank you all very much. Thank you.

[Steve Bannon]

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[Donald Trump]

Do it today. Thanks, guys.

[Natalie Winters]

Welcome back to the War Room. Just a wonderful press conference and press gaggle. President Trump, Tim Cook, Vice President J.D. vance. I think Lutnick was there. You got the whole team. We've got a few minutes left in the show, so I want to plug some exclusive stories that I've been working on. Steven, I were supposed to get to them today, but it's all good. Exposed how Americans are secretly helping China take over United States land. You can go to nataliegwinters.substack.com to read the report, but we're digging into a Chinese Communist Party funded group that is targeting American farmers, congressmen, mayors, local level agricultural officials. I was able to obtain essentially their pitch deck. It's called why China Matters to the Heartland. And they're pitching officials from every state that they identify as part of the heartland region, trying to get them on board with accepting Chinese investment and ownership of farmland. There's some stunning statistics in there talking about how they're even doing this through academia. In 2023 alone, Tennessee and Kentucky experienced a 27% and 54% increase in Chinese student enrollment, respectively. Those are pretty staggering figures. And what's even more concerning is that the same group, like I said, it's part of China's United Front work department. So that's their foreign infiltration arm. They've actually been paying to take American college students. Most recently it was 15 students from 15 different universities on tours around China called the Future Agricultural Leaders Delegation, where they're meeting with Chinese officials to essentially propagandize on behalf of the Chinese Communist Party and become supportive of the idea that the Chinese should be able to own farmland here. And last point, like I said, it's Natalie gwinters.substack.com you can read the article in local media. They're also waging information warfare. They're finding people who used to work. In one case, a guy named Greg Frazier who used to work at the US and also on the House Intel Committee. Make that make sense. He thought it would be a good idea to write an op ed for the Kansas City Star entitled Tone down the Fear Mongering about China's supposed threat to Kansas Farms. What he doesn't tell you in his bio is that he actually used to work in China. He was essentially a consultant for the Chinese Communist Party. But you can see that they're waging full blown information warfare from local media, obviously national media too. But I think this really goes to the idea how it's Americans that have aided and abetted China's takeover of so many vast swaths of farmland here. And we got one other breaking story before we hit. Mike Lindell, you know this audience. You guys are critical in killing the pandemic treaty. But I hate to be the bearer of bad news, but the wef, the United nations, they are working together now on something called the Global Plastics Treaty. It's essentially another Trojan horse type initiative type effort to, under the auspices of wanting to curtail plastic consumption, use production, cradle to grave, the whole thing. They want to essentially dictate what globally economies can produce, including the United States. Obviously, President Trump left the who, but nonetheless, you're seeing the WEF and UN team up on this to the point where if we want to toss the tweet up on screen. The World Economic Forum actually identified misinformation as the number one risk that the world is facing in short term. They think that unexpected natural disasters are our biggest long term risk, including unexpected AI outcomes and armed conflict due to political discourse. I'll let you decide if that's predictive programming or not. But interestingly, the UN declared that it's misinformation and it's essentially criminal to even question the data about climate change. Not even. They call it climate delay, quote, questioning the scientific consensus behind climate change and solutions. That now makes you, I guess, Persona non grata with the UN's concept of what it means to be able to share your voice online. It's NatalieJewishSubstack.com make sure sure you're checking out BirchGold.com Bannon. Text Bannon to 989-898. Before we go to Mike Lindell, you also got to check out Tax Network USA. That's TN USA.com Bannon. Or you can call 1-800-958-1000 for a free consultation. These sponsors help our show go on. Mike Lindell, you've got a minute. The audience loves you. Hit us with the latest deals.

[Donald Trump]

Well, you guys, this is. But this week is when two sales collided. And what we have is we have the free shipping sale that was on free shipping on your entire order. You go to mypillow.com war room and that collided with the employee pricing sale. So all the employee prices there, you got all the MyPillows, everything you're getting for employee pricing, what our Employees get. So you get the best specials ever, plus the free shipping on your entire order. We've got a special website now just for you guys. My pillow forward slash war room. Get all of the special there. We just got in all the bath sheets. These bath sheets, these oversized bath sheets. They're going fast, but you guys got all the colors are there. Get those. The bath mats, the beach towels, 50% off. Use that promo code. War room. Free shipping on your entire order. You can't beat these two sales that just collided. And remember to get the mattresses.

[Natalie Winters]

I'm gonna steal your touchline because we're running up against the end of the show. But it's a win win. And I always add a third win, maybe even a fourth one, especially today. Thank you, Warren Posse.

[Steve Bannon]

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