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Bannon`s War Room
Episode 5238: Markets Shift As Talks With Iran Begin
Episode 5238: Markets Shift As Talks With Iran Begin ...
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- [00:00]
President Donald Trump
Everybody has been killed from the regime. They're really starting off. There's automatically a regime change. But we're dealing with some people that I find to be very reasonable, very solid. The people within know who they are, they're very respected, and maybe one of them will be exactly what we're looking for. Look at Venezuela, how well that's working out. We are doing so well in Venezuela with oil and with the relationship between the president elect and us, and maybe we find somebody like that in Iran.
- [00:36]
Brian Glenn
Are you considering any more options to
- [00:38]
Eric Bolling
lower the price of oil while these talks?
- [00:40]
President Donald Trump
The price of oil will drop like a rock as soon as a deal is done. I guess it already is today.
- [00:46]
Eric Bolling
No.
- [00:46]
President Donald Trump
We have a very serious chance of making a deal that doesn't guarantee anything. I'm not guaranteeing anything. I'm not going to come out here in a week or two weeks and have you all say, oh, you said I didn't say anything. All I'm saying is we are in the throes of a real possibility of making a deal. And I think if I were a betting man, I'd bet for it. But again, I'm not guaranteeing anything. They want to make a deal very badly. Thank you.
- [01:11]
Mike Davis
What changes would you like to see in DHS under Mark Wayne Mullen?
- [01:15]
President Donald Trump
Well, he's going to be fantastic. He'll make his own change. He's already given me a list of people he wants to bring. He's a fantastic guy. I think he's just the right guy. You all know him. He's a very open, smart guy. Very successful, actually, in business, which people don't know. And he's a friend of mine. I think Mark Wayne is going to be fantastic. Thank you.
- [01:36]
Stephen K. Bannon
Terrible.
- [01:37]
President Donald Trump
They made a mistake. It's a dangerous business. That's terrible. Thank you,
- [01:47]
Steve Bannon
President. United States boarding Air Force One to go to Memphis. We've got Brian Glenn. We have Brian Glenn on the ground there. We'll go to Brian Glenn momentarily. We've restructured the entire show because of breaking news in the last couple hours about President Trump negotiating and all of this with the clock ticking down. As we talked over the weekend, the clock ticking down on this ultimatum he gave there was going to basically expire sometime late this afternoon, early this evening about the Strait of Hormuz being open. The in freedom navigation. The Iranians push back. Now. There's a lot of confusion of exactly what's going on President Trump's talking about. And we'll play this again, the first part of it momentarily. President Trump who he's actually negotiating with. Some of the official statement from the, from the Iranian Revolutionary Guard said, hey, he's not negotiating with us. Nothing's changed. And we will destroy any oil and water assets that the Arabs have in the local community. Here's what we're going to do here in the war room. It's Monday, 23rd March, year earlier 2026. We've got an amazing cold open. We're going to blow the first break. Eric Bolling is going to talk to us about markets. We're going to get all of this done this morning and much, much more. Let's go and play the cold open on this Monday morning.
- [03:05]
Stephen K. Bannon
Conflicting accounts between President Trump and Iran. President Trump this Morning said the U.S. has had productive talks with Tehran and that he had postponed military str on Iran's power plant plants.
- [03:19]
Steve Bannon
But shortly after, Iranian state TV cited
- [03:22]
Stephen K. Bannon
the country's foreign Ministry saying there is no dialogue. We were about to take a step, an escalatory step, David, that many in the region and across the world feared
- [03:32]
Eric Bolling
could not be walked back. I'm curious, what are you hearing right now about the president's decision to take a step back and talk about these negotiations that he says have been going on?
- [03:43]
Foreign Policy Analyst (possibly a Middle East expert)
So, Joe, he's obviously exploring the diplomatic possibilities. If you read a statement, he's not describing a deal, he's just describing the tone of negotiations. Here's what I know about the diplomatic side. Qatar had been involved in extensive mediation efforts along with Oman over the last week, and those came to a sudden halt when the Israelis attacked Iranian gas facilities at South Pars and that negotiating channel suddenly ended. A new negotiating channel was initiated by Turkey and Turkey's foreign Minister Hakan Fidan, over the last, I'd say three, four days. And there were statements yesterday suggesting from him that his meetings with Iranians implied Americans others involved had been productive. Turkey is a key ally of President Trump in the United States, a NATO member. One final thing I just would note that we didn't talk about earlier this morning, but over the weekend when Trump was making his fire and brimstone threat to take out all Iranian power plants, the Iranian foreign minister issued an interesting statement in which he said the Strait of Hormuz is not closed. Ships hesitate because insurers fear the war of choice. You meaning Trump initiated and then closed Treaty of Navigation, which we cannot exist without freedom of trade. Respect both or expect neither. In other words, kind of an opening from the Iranian that may have coincided with the conversations that Trump is referring to. So we talked earlier about brinksmanship. It's dangerous, could lead still to a very bad result here. But for the moment, it does seem to have provided some space for the.
- [05:36]
Political Commentator or Analyst
Yeah, and I think this may be how exactly you define having a conversation. Certainly there are no direct talks that we know of between the US And Iran, although, as I understand it, according to people familiar with the matter, that there have been messages passed back and forth between countries like Turkey, like Egypt, trying to sort of get the read of either side. And of course, this is now significant. It's the first time that the President has actually said publicly that there are conversations. Up until now, he has not sounded all that open to any kind of negotiation that would end this conflict. And so that itself, I think, is meaningful, as is the President's decision to postpone any attack on Iranian power plants. And this is part of what these messages that were passed back and forth over the weekend were about, were warning of the major sort of escalation and retaliation that that would prompt from the Iranians. You know, the Tehran had warned that it would strike energy facilities in the Gulf, even potentially desalination facilities in those countries that really rely on them for all of their fresh water. And so this is a significant step that the President has decided to open the window for some potential discussions to continue. But at this point, it is still, still entirely unclear about who exactly these conversations are with. Remember, the President had said in the past that all of the Iranian officials that he thought would be worthwhile talking to had been killed as part of this conflict. We also don't know exactly what the President means when he says he's looking for a complete and total resolution to the conflict. Does that mean, for example, that Iran would be able to. To keep the highly enriched uranium that remains buried underground at one of its nuclear facilities? Does it allow Iran to maintain the ability to close the Strait of Hormuz in the future? A lot of unanswered questions about what exactly these conversations and these negotiations actually consist of. But it does seem clear that the President is looking for a way to find some sort of negotiated settlement to this conflict as we now enter week
- [07:51]
Stephen K. Bannon
four, which was obliterated and they're running out of money. So here, here's what I tell President Trump. Keep it up for a few more weeks. Take Carg island, where all of the resources they have to produce oil, control that island, let this regime down a vine.
- [08:06]
Brian Glenn
Is this going to, though, take Carg Island? Is it going to involve US Troops on the ground? Let me, let me Just read you something. The Atlantic does an assessment on that. They say U.S. troops may well take Cargill and we believe their ability to do so, but only to endure ballistic missile strikes, drone attacks, petrochemical smok, smoke, all without a reliable means of obtaining logistical support. The result could be a grinding war of attrition.
- [08:27]
Stephen K. Bannon
War is being utterly transformed. In the first week of Tehran's retaliation campaign, drones accounted for about 71% of recorded strikes on Gulf states. According to a CSIS analysis, the UAE alone reportedly faced 1,300 422 detected drones and 246 missiles in just eight days. We could already glimpse many of these trends in Ukraine. But in Iran the future of war has definitively come into view. Michael Horowitz of the Council on Foreign Relations says we are now in the era of precise mass in war. For decades precise precision warfare meant a handful of Tomahawk missiles, Stealth bombers or fighter jets. Now it can mean a one way drone built from commercial parts and launched in swarms. What used to require great industrial nations capacity can increasingly be assembled, adapted and scaled by much smaller states. The economics of war are being turned upside down. A Shahid type drone often costs around $35,000. A Patriot Interceptor costs about 4 million which would buy over 100 drones. This is the new arithmetic of conflict. The attacker spends thousands, the defender spends millions.
- [10:00]
Eric Bolling
I think it all depends on the okay.
- [10:03]
Stephen K. Bannon
The first one.
- [10:04]
Eric Bolling
If Iran says okay, you know, we're
- [10:06]
Stephen K. Bannon
willing to do some sort of cease fire and let us stay in power
- [10:10]
Eric Bolling
and that would be the best right for oil prices. I don't know about, obviously not for Iran. But if you're talking about
- [10:18]
Steve Bannon
a conflict,
- [10:19]
Eric Bolling
that would all depend on how it goes.
- [10:20]
Steve Bannon
It would be a huge step for the US to occupy Cog island or
- [10:25]
Stephen K. Bannon
one of the islands in the Strait of Hormuz.
- [10:28]
Steve Bannon
And you are very vulnerable there.
- [10:30]
Eric Bolling
And it would all depend on the day to day back and forth of
- [10:33]
Stephen K. Bannon
the war, easing military operation, God bless the fallen.
- [10:37]
Brian Glenn
But it's a difference. When we talk about troops on the
- [10:40]
Stephen K. Bannon
ground, I trust the Marines, not that guy. I trust dod. We got two Marine Expeditionary Units sailing to this island. We did Iwo Jima. We can do this. The Marines. My money is always on the Marines. I don't know if you take the island or you blockade the island, but I know this, the day we control that island, this regime, this terrorist regime has been weakened. It will die in a venture vine. And here's what I want to do. I want to get with Chris. I want to Sprint to peace. As the war winds down, I want peace to ramp up. The reason we don't have Saudi Arabia and Israel making peace is October 7, 2023, Iran, through Hamas, attacked Israel, stopping normalization. I want to take up and complete what Biden started as soon as we get Iran defanged so they can do never do another October 7th. I want to start up peace talks between Saudi and Israel this year. I want a peace deal between Saudi and Israel normalizing, ending the Arab Israeli conflict. It's been going on for 2000 years this year, and you can't do it with a lethal Iran. So we're weeks away from this Iranian regime not having the capability to stop peace.
- [11:49]
Brian Glenn
I just spoke with President Trump and he told me that Iran wants to make a deal badly. He said that the talks have been ongoing. I said, how much longer will this conflict go on? He said, the talks, I said five days to halt or postpone strikes on the electrical infrastructure. It could happen sooner, he said, but I have put down five days. I asked him what his reaction is to Iranian state television saying that there are no talks, and he said he's not sure what they are referring to because the most recent talks happened, in fact last night with Steve Witkoff and Jared Kushner and their counterparts. When I asked about the Iranian TV saying that no talks have happened, he said it's hard to get any information there because of the US Is blowing up so much of their infrastructure. So again, he wasn't sure whether Iran state TV was talking about because the most recent talks, he said, happened last night with Steve Witkoff and Jared Kushner. Again, the President just told me moments ago that the Iranians want to do a deal badly. The market, of course, has reversed course. This morning, after the President posted this morning, in the middle of a big decline in markets, he said that he has directed the military to postpone strikes on the electrical infrastructure and the power plants for five days. As these talks continue, the war is over.
- [13:27]
Steve Bannon
Let's say the enemy's defeated. The straits are open in addition to oil flowing. Imagine the economic activity and growth that will occur in the Middle East. Imagine a Middle east where even countries,
- [13:44]
Stephen K. Bannon
not just that opposed Israel, but opposed each other.
- [13:47]
Steve Bannon
Some of these Arab countries, they start to work together, they start to have more commerce together, they start to have more commerce with us and so forth and so on. Isn't that another way of looking at this? And if, and if the enemy did get that nuclear weapon, that strike could be shut forever and there couldn't be a damn thing we could do about it. Monday 23rd March Overlord 2026 I think over the weekend what we talked about is this forcing function that was going to take place later this afternoon with the President saying hey if you, if you have not opened up the straight or Hormuz to free navigation I'm going to unleash hell. Of course the Iranians came back and said fine, we hear you and we're going to unleash hell back. Capital markets, bond markets, equity markets, but particularly commodity markets literally in freefall overnight. President announced today they've actually been in discussions with appropriate personnel on the Iranian side. Jared Kushner, Steve Witkoff Turkey may have a role in this. I would tell folks buckle up this week. I think it's going to be a bumpy ride. Eric Bowling, let's get you in here first. He did a great job. Teen us up on Saturday can the deadline at five clearly worked as a aspect, as a forcing function particularly to the global capital and commodities markets. Last night was pretty brutal in Asia as the markets open, you know, early evening, New York City time, Eastern Daylight Time and particularly oil. Now that's kind of reversed but there's, there's bounce backs from that as people try to sort this out. Just give us your assessment of where these, what, what are the markets telling us this morning about, about this new information they've gotten from the President, United
- [15:34]
Eric Bolling
States Well, I think the markets are telling us buckle up like you just said. We were talking about that last week, Steve where it's going to get really volatile or every news story, every comment either out of Trump or the foreign ministers, whoever's running Iran, they make a comment, markets react. I'll tell you exactly what happened last night. At six o' clock we get a preview of what's happening. The night trading starts, all the equities are down. Dow S and P, Nasdaq were down 3, 4, 500 points. Woke up this morning, they were down 700. Trump made the statement that untruth that he was going to, you know, delay this, whatever action he was going to take. The bombing of Iranians oil and electricity plants. For five days, markets went from down 700 to down 1200. And then the foreign minister said oh no, we're not negotiating with Trump. The question is now who's telling the truth? All right, so there's this thing called the taco train. There's no, no disrespect meant whatsoever. Wall street, they're, they're jerks but they call it Taco Trump always chickens out what means he says things sometimes and it doesn't follow through. On in markets when he says them, they react and then he doesn't follow through, which is exactly what happened this time. And they flip and go the other way. And some people are now trying to game that system by saying when Trump says something, do the opposite of that. The direction of it goes because he will back out and it will go back up the other way. The problem with the taco trade is, you know, sometimes Trump's playing the media and playing even the markets as well, playing Wall street because, you know, he said he going to take Maduro from in Venezuela. Oops. And he did. And he also said I'm going to attack Iran. Oops. And he did twice. So they're playing a dangerous game here. I will tell you. The volatility is here to stay. And there are fallouts because this means gas and oil prices will remain elevated going forward. We're going to hit a $4 average gasoline probably on Wednesday, Steven. And like I said over the weekend, probably a $5 down the road. And I, I don't believe so. Oil, very quickly oil went from at the time of Trump backing off, it was $101 a barrel. WTI West Texas went down to 88 and now it's back up to 92 and now it's playing around 8,890 or so. So it's still lower, markets are still higher. But everyone's waiting to see, holding their breath to see what's real and what's not.
- [17:47]
Steve Bannon
Where, where, where, where Brent got to over like 110, 112 that dropped to 2. That drop below 100.
- [17:56]
Eric Bolling
I saw 101 load of the day for Brent. Then it bounced back up and it's trading right around 100, 101 dollars a barrel. But it had gotten as high as, you know, legitimately seeing 115 for a while late last week.
- [18:11]
Steve Bannon
Remember our, our great allies in the Gulf, particularly Qatar, UAE and, and the Saudis, they want oil and gas prices as high as possible. Qatar obviously very concerned about their field. They said 17% of production taken out of their LNG capacity. But they would love to be able to cause force majeure on those contracts and particularly as far out as you can get and renegotiate those with the Europeans. Same with the Saudis. The Saudis love oil above 100 bucks a barrel. Right. So our allies are only our allies in certain aspects of this, Eric.
- [18:52]
Eric Bolling
Yeah. So they're allies to Trump saying, yeah, Trump, go ahead, keep going, we got your back. We support your action against Iran because every one of those actions creates a higher oil price. And then also when the Iranians retaliate against Middle Eastern oil infrastructure, which is very strange to me, Steve, when you think about it, why would they go after oil infrastructure in the Middle east other than maybe trying to send a message to Trump, we're going to get oil prices as high as possible. There's a danger. Right. So my point is, I think we've been talking about this for the better part of three weeks now, that the Middle Eastern allies, so to speak, maybe in somewhat cahoots with the Iranians, even if it's not an actual email or text saying, we got you, but maybe there's some communication from the Iranians to, let's say Bahrain or Kuwait or Saudi Arabia, not Israel, but the others where they say, we're going to hit this oil infrastructure, whether it's a refinery or an oil producing platform, want to let you know, get your people off there. But it's going to get hit. That means they get their people off, no loss of life, and all of a sudden oil prices remain high and then these countries get to slowly bring that back online. They could say it's going to take us 60 days, 90 days. The longer it takes to bring all that energy production back online, the longer these prices are going to stay elevated. And filling the coffers of the Middle Eastern countries is a problem. I will tell you, Lindsey Graham out there saying, go, hit them, take cargo. That's one of the most foolish things I've ever heard in my life. Stay away from the oil infrastructure. Right now, cargon's all about oil and energy. You want to stay away from those at all costs, hit other things, not their oil infrastructure, because that was going to come back and haunt you. Lindsay just never, never met a war he didn't fall in love with or wasn't already in love with or supporting or agitating. So I hope Lindsay's.
- [20:40]
Steve Bannon
I do think he's not talking about destroying the oil infrastructure, at least his concept. I think the concept of people is these two Marine Expeditionary Units, one on the Tripoli coming from Japan, the other on the USS Boxer with even more capabilities coming from San Diego. I think total of 5,000 Marines. I think they view that as let's seize that and that chokes the Iranians down because that's the, that's essentially where all their oil goes to be transported to vessels to get out of the, the straight of Hormuz and Persian Gulf. I do think that one thing that became evident, it was already evident, but I think it's pretty evident now, is that President Trump's, at least his stated goal of turning it over to the Japanese into NATO to keep it open is just not going to happen. Number one, President Trump did receive the
- [21:32]
Eric Bolling
NATO allies scheme this out.
- [21:34]
Steve Bannon
Yeah, go ahead.
- [21:35]
Eric Bolling
You're a master geopolitical strategist.
- [21:38]
Political Commentator or Analyst
Right.
- [21:38]
Eric Bolling
You're Iran.
- [21:39]
Steve Bannon
Right now, they're getting hit.
- [21:40]
Eric Bolling
They're getting their ass handed to them on a stick. And the one thing they do have is to. To. To. The only thing they have to ever rebuild back is. Is oil. Right. So in that, you're right, Car island is essentially their main oil terminal. They have others, but it's the. It's the main one. If you're Iran and you hear that someone's coming after Car, which is essentially your existential threat, and let's just say we are as badass as we are, and we get the military, Marines to, To look like they're going to take it. Do you think for one second, Stephen K. Bannon, that those. That Car island isn't already wired with explosives to blow the Smitherin out of that island if it looks like they're going down? I mean, I would. Wouldn't you.
- [22:23]
Steve Bannon
I would, but I think they would realize that that would be 10 years until they get anything back. I think they actually, they would. They would try to defend it. There's no doubt about it. But I'm not so sure that they would bring it all down around them, because they brought it all down around them. Then there's no, there's no other side to get to. It's complicated. Look, I'm not forcing the Marines in right now. You're gonna have. You're gonna have.
- [22:47]
Eric Bolling
Yeah, you put the dog.
- [22:48]
Steve Bannon
And the question Is this a dog?
- [22:50]
Eric Bolling
He's ready. He's ready to get killed. The dog's gonna fight his way out. If he doesn't, he's gonna go down. Like. Yeah, I would. I would think that they're fanatical.
- [22:56]
Steve Bannon
The question. The question is. The question is this. Is this a cornered rat? Yeah. Is this a cornered rat, a cornered dog, or a cornered grizzly bear with what they got left? Talk to me about how are markets viewing this right now? Because obviously President Trump is very attuned to market reaction to his moves. Right. Particularly tactically, as you see this develop today. And I think you'll see that the Turks have a role in this as some sort of intermediary or at least helping and assisting President Trump get communication with whoever really can make a deal. How do you think what are markets going to look for today, tomorrow and the next day to make sure that this turbulence which President Trump's clearly trying to get out of the markets that for them to get back to stability and a little more calmness, what are they going to look for?
- [23:50]
Eric Bolling
So here's the game and you texted me over a couple a few hours ago about this near the real crisis could be a housing crisis here and the way that would work is if oil stays elevated, the Fed has to come in, raise interest rates to bring down the price of oil. That raise interest rates, that puts a massive pressure on the housing market. If housing collapses then the whole economy collapses. But I will tell you there's another one before that happens or energy is going to be super high for a long time. That would be the fallout. One of the fallouts but a bigger fallout was we would lose the air race that we're going to fighting for. AI is massively dependent on energy. Energy we don't have yet here to to fulfill the full AI capacity that they're looking at five, 10 years down the road. So if we start playing the game of 200 barrels of oil and by the jet fuel has already doubled in one month. Jet fuel alone diesel's up 45% in a month. I mean so if we start playing this game of high energy prices we're going to get smoked in the, in the AI development phase as well. So there's a whole lot of things that could happen. The first shoe to drop would be the stock market. Then would be the housing market to follow if we follow that path down the road. And again I think that's why Trump won't let that happen because I think he realizes the same thing.
- [25:03]
Steve Bannon
Well we've taught the audience the 10 year bond or the benchmarks got up to 4.4 down to 4.3 but it's the bond market. You also should bond market had a lot of turbulence although still orderly as you traders call it. Eric, anything else we should be thinking about today before you let you go. Really appreciate you coming on over the weekend teeing this up and you kind of a little bit of a cold shot here. You said that this was going to be a forcing function. The markets responded in Asia overnight and turned out to be a forcing function. What, what thoughts do you have for us before you bounce?
- [25:36]
Eric Bolling
I think we have the same thing going forward. Steve. It's not remember what I said Even if they declare all clear right now, you're going to still see a $4 gallon gas and we're going to still see at least a 450 going forward. And it's not all clear. These Iranians, they're fanatics and I believe they're that cornered dog that will fight to the death if they have to. And that would mean even blowing up some of their own oil infrastructure because they know that would hurt the west the most. So keep your eye. But it's going to get buckle up buttercup, as they say. It's going to get wild.
- [26:05]
Steve Bannon
What about last thing diesel? Because the nation runs on diesel. I mean I think something like 90% of all food is transported by diesel. But the truckers in this country are the backbone of our logistics chain. What's your thoughts on diesel?
- [26:21]
Eric Bolling
So all these fuels that aren't gasoline, gasoline is the most produced. Diesel, diesel's the second most used. And produced up 528gallon, up 45% in a month is very, very damaging. It's not only truckers, it's also trains run on diesel as well. So all those transportation east to west, et cetera, that's going to be everything's going to go up and that turns into again something we've been you're doing some breaking breaking news in this show quite a bit. Inflation. Inflation's on its way up because of this. And these inflation numbers that we're seeing today reflect 40, 30 to 45 days ago. So in the last month, the next few inflation numbers are going to be quite elevated because of that, because of diesel. Everything has a diesel or energy input to it. Every single product we have here for one way shape or another that you buy on a daily basis has an oil component to it. The prices are headed higher, unfortunately.
- [27:18]
Steve Bannon
Yeah. Including, including fertilizer, all of it. Plastics. Thank you so much. Eric. Where do people go for your new show? Your show here at 4 o' clock on RAV Social Media.
- [27:29]
Eric Bolling
All of it just at Eric Bolling on social media. The edge. Eric Bowling the edge you're looking at right there. It's only on YouTube. Go there, subscribe and love because every time we talk you guys come out and force Bandage, War and posse. Love having you with you. And Steve, it's just an honor to lead my show into your the end my show leading into the beginning of your show. And let's keep doing that, brother.
- [27:51]
Steve Bannon
Let's keep doing it. And thank you for making so much time in the morning to give us an update on where the center of gravity of this battle is. As we said, it shifted to the Persian Gulf. Birch Gold end of the dollar empire. Now more than ever. Not simply the price of gold. It's the process that drives value gold. How do I say this? Been quite turbulent over the last week. Now more than ever. Time to talk to Philip Patrick. We're trying to get Philip Patrick up on the show this afternoon. Birchgold.com promo code Bannon get to Philip Patrick and the team at Birchgold. Short break. Back in a moment. Think about this. In 2006, $20,000 equaled roughly 33 ounces of gold at spot prices. At today's prices, those 33 ounces of gold will be worth $165,000. Smart Americans diversify a portion of their savings into precious metals. And that's why you need to consider buying gold from my friends at Birch Gold Group. For thousands of years, gold has been a store of wealth. And today it is a crucial part of any balance strategy. Even better, Birch Gold can help you convert an existing IRA or 401k into a tax sheltered retirement account. In gold. Just text my name, Bannon B A N N Owen to the number 989-898 to receive your free info kit on gold. There's no obligation, just useful information with an A plus rating with the Better Business Bureau and tens of thousands of happy customers led Birch Gold help you diversify with gold. Now that's peace of mind. Text Bannon to 989-898. Again, my name Bannon B A N N O N to the number 989-898. Do it today. I've got a question for you. How do you usually get your medication? Let me guess. You call the doctor, you wait for an appointment to get a prescription, sit in a waiting room, then you stand around in line at the pharmacy hoping they actually have what you need. That's not convenient. That's a system that doesn't work. There's a better way. And that way is where all family pharmacy comes in. They take the hassle out of the process. You go online, select what you're looking for, complete a short medical form and a licensed physician reviews your request. If it's appropriate, they write the prescription and your medication is shipped straight to your home. They've got essentials like antibiotics, antivirals, ivermectin, NAD and hundreds of other prescription medications. It's simple, it's efficient, it's. And it puts you back in control. Stop dealing with the old way. Get your medical freedom and do it today, go to allfamilypharmacy.com Bannon and use promo code Bannon10 to get 10% off your order. Get your medical freedom Today, go to AllFamilyPharmacy.com Bannon and use promo code Bannon10 to get 10% off your order. Here's your host, Stephen K. Bannon. Okay, there's, there's so much else going on and we're going to, we're going to make it make sense for everybody as we go back. We're going to go back in a minute for the president states what he just said going off the plane. By the way, Brian Glenn's in Memphis. We're going to get that president setting there. I asked Mike Davis. So Mike, first off, SAVE act, we covered it all weekend. Tuberville's thing got shot down. God bless Mike Lee. Mike Lee has just been grinding all weekend trying to get a legislation, not just a messaging bill. The president understood, had a quite hot conversation, I think it's been reported with John Thune. Not exactly happy with, with Thune's energy and urgency on the Save America Act. The president's got ICE going to help out at the airports. And, and, and you should know in some of these airports like Atlanta, they're three and four hour waits. ICE is going. But he just reiterated, hey, yeah, if they, you know, if somebody's there, I guess they can arrest people. Right now he's saying they got to take their mask off, but they arrest people. A little confusing. But he's told Thune and guys, no deal on dhs. There's no deal on these radical Democrats until I get the SAVE Act. Just kind of put it in perspective. Where do you think that what's the president trying to accomplish here with this? I'm not, I'm not trading off ICE to get the SAVE Act. You guys are going to hold the line on that and I'm still going to get the SAVE act as soon I need you to ramp it up, brother. And oh, by the way, Morning Joe and total meltdown, I'm going to put ICE into, into the Atlanta airport and the Houston airport and they're going to help out. And by the way, if they see a couple of three guys that, you know, guys that look like bad hombres, maybe they get, maybe they get stopped and asked a few questions.
- [32:52]
Mike Davis
Mike Davis, Senator John Thune, the Senate majority leader is a very nice guy, but the Save America act is a crucial test of John Thune's effectiveness of his leadership. We have a bill, the Save America act, that has 80% support of Americans, including a super majority of Democrats and even a super majority of minorities. It's, it's because the bill is commonsensical. It, it requires proof of citizenship and voter ID to vote in American elections. These Democrats have mass imported tens of millions of illegal aliens into our country. They are lavishing them with welfare, welfare fraud. They are allowing these illegal aliens to get driver's licenses. And in, in many of these states, when you get a driver's license, you can easily opt in to register to vote. And then these Democrats are refusing to turn over their voter rolls to the Justice Department's Civil Rights division to make sure that illegal aliens are not voting in American elections, which is hard to find. These Democrats know that they are, they are replacing American workers and replacing American voters. The replacement theory they used to call it. But it's actually happening, right? And there is no excuse for Senate Majority Leader John Thune and the rest of his Senate Republican colleagues to not get the Save America act through the Senate and on President Trump's desk for his signature. This is the most crucial piece of legislation. Are we going to have a republic that is run by sovereign citizens or are we going to have a republic that's run by foreign invaders? It's that simple.
- [35:08]
Steve Bannon
But so and also there's confusing messaging coming. Mark Wayne Mullen, you and I had a discussion the other day, said there's gotta be what judicial warrants to go in, into the offices, into the businesses, et cetera. Very confusing because with President Trump, hey, it's all part of the same thing. There's 20 million here. We gotta get them out. And just saying they can't vote is not gonna. That's step one. And of course he jumped Thune and cause we covered this all weekend and you've got Mike Lee and you've got Eric Schmidt and you've got a couple of three there that are actually fighting to get a legislative process. The rest you could tell are like 11 year old kids when they don't want to do something like stick around for the weekend or kind of, you know, mopey about doing it. I think Trump put them on notice. Also the Supreme Court. Tell me what's going to happen at the Supreme Court. Another huge element of this of trying to get to the bottom of 2020 election theft and make sure it doesn't we don't have the Chinese Communist Party and the Democrats working in conjunction can't steal future elections. Mike, what's the Supreme Court's going to wane of this starting today, Correct?
- [36:17]
Eric Bolling
Yeah.
- [36:17]
Mike Davis
I mean, let's go back to the Senate just really quick. Our most crucial sovereign power as we the people is controlling our border and controlling our populace. Right. And these Democrats are trying to sabotage the will of American voters when the American voters overwhelmingly elected President Trump, a Republican House and a Republican Senate to secure our border and to expel illegal aliens. Starting with the worst of the worst like trend and MS.13, we had another incident where a young woman was allegedly murdered in cold blood by another illegal alien in America. This is unacceptable. And the American people overwhelmingly support securing our border. They overwhelmingly support expelling dangerous illegal aliens. They overwhelmingly support proof of citizenship and voter ID in our elections. The problem is, is that Senate Republicans are completely out of touch with their constituents. They need to get outside of the beltway, they need to touch grass, they need to go home and have town hall meetings like my former boss Chuck Grassley does every year. The full Grassley, 99 counties every year. That's what these Senate Republicans need to start doing because they are out of touch with their constituents. Because I can tell you this hearing from the inside, Senate Republicans are overwhelmingly against the Save America Act. They don't want to pass. And so that's why we need to turn up the heat with the war room posse and hold them accountable. Turn up the heat as high as it will go and get this thing passed.
- [38:04]
Steve Bannon
Hang on, hang on, hang on. This is why Trump put Dune on blast. Just repeat that last. I just want to make sure people understand this, that the people you see coming to the microphone, except for a handful of them, the Mike Lee's, the Eric Schmitz, a couple other of these warriors, the rest of them have literally no interest in this. Correct, Mike?
- [38:25]
Mike Davis
Absolutely correct. And the proof is in the fact that this, this legislation, legislative package has 80% support of Americans, including a super majority of Democrats and a super majority of minorities. Even if you can't get legislation through the Senate when it has that much popular support, you're, you should not be in the Senate. Right. That you need to find a new line of work. Maybe you can, you know, President Trump works at McDonald's in the drive thru. Maybe these senators can go do. I don't know what these senators think they are doing if they cannot get something passed with 80% support of their constituents. And frankly for these Republican senators, it's probably much higher back in their home states. The issue is that they need to show the courage and more importantly the will to do this right. We don't have a House of Lords in America where we have these lords who don't listen to their constituents. We don't have that right. So do these Senate Republicans get moving on this. This is a test, a crucial test for you. And don't fail this test because you're going to see your constituents very angry with you if you fail this test. Let me again the War Room Posse superpower is go to article3projects.org article number three project.org take action. And the most crucial action item right now is as if every person in the War Room posse can go to take action and it's to keep illegal aliens from stealing our elections. Right. If you light up both of your home state senators right now, send them emails, light them up on social media, do the patch through phone calls, Article 3 Projects Action center makes this very easy. You can do it in about five minutes. If the War Room Posse does this and just lights up the Senate switchboard, you can help them find and keep their courage among Senate Republicans.
- [40:29]
Steve Bannon
Look, the President right now is trying to make some sort of overall deal or at least the beginning of a process in the deal in the Persian Gulf, Iran area of area of combat there. He's searching for a deal here he told Thune the exact opposite says I'm not trading off ice and DHS and what we need there minimum funded to get a deal you gotta pass the save act you Thune and if not I think he implied I'm gonna be looking for a new leader. Leader's supposed to go find votes. Either find me the votes or we'll have a further discussion. So that's how high this also let's play this clip a lot actually at the Supreme Court. Let's play the clip. Mike, I want you to opine on what's happening today about how we stop elections from being stolen in the future.
- [41:18]
Brian Glenn
Tomorrow the Supreme Court is set to hear oral arguments in a voting rights case that is pitting Republican against Republican in an unusual case of intra interparty warfare. The case Watson vs Republican National Committee challenges a Mississippi law that allows for a grace period for election officials to count ballots postmarked by election day. But arriving up to five business days later, Mississippi Republican Secretary of State Michael Watson and Attorney General Lynn Fitch, whose case pushed the Dobbs case that overturned Roe, are defending Mississippi's law which passed Mississippi's Republican super majority legislature by a vote of 118 yeas to 1 lone dissent. But will of the people be damned at least when it comes to this RNC backed by the White House and Justice Department, who argue that ballots must be received before the end of election day to be counted.
- [42:17]
Steve Bannon
Mike Davis, your thoughts on this? I'm a big, hey, it's got to be boom in or it doesn't count. But your thoughts on this?
- [42:26]
Mike Davis
So under the elections clause of the U.S. constitution, these federal elections are decided by state legislatures unless Congress comes in and overrides them with time, place and manner, rules of the road. Congress has done that. Congress has set election day.
- [42:45]
Brian Glenn (on the ground reporter)
Right?
- [42:46]
Mike Davis
An election day means election day. You need to vote and have your ballots cast and received by election day because we're tired of these games that Democrats play with all mail ballot elections or absentee ballots where they figure out how many votes they need in Fulton County, Georgia on election day and then voila, four days later they have enough votes to so to win the state. In Georgia, it's unacceptable. Election day means election day. This is how they do it in just about every other country around the world except for America. They want to play games with our election rules and make it easier for Democrats to rig and steal elections. And so I hope this is how
- [43:34]
Steve Bannon
the colon, this, as you know, this, this, this is how the culinary union steals the elections in, in Vegas. They see how many votes they're short on election day. And magically these things appear as these mail in ballots. We gotta bounce. Mike, one question. I want the mainstream media's head to blow up today. We can use what's happening with these ICE helping out, helping out at the airports. We can use this as a test run, as a test case to get to really perfect ICE's involvement in the 2026 midterm election. Sir?
- [44:07]
Mike Davis
Yeah, I think we should have ICE agents at the polling places because if you're an illegal alien, you can't vote, right? It's against the law. It's a federal crime for you to vote in federal elections. And so if you're an American citizen, you should be happy that ICE is there because you're not going to have illegal aliens canceling out your vote.
- [44:27]
Steve Bannon
Pick them out of line, pick them out of line starting today. And maybe the lines get shorter. Mike Davis, where do people go to get you, sir? Particularly your social media accounts?
- [44:36]
Mike Davis
Article3project.org Article number three project.org Follow us on social mrd DM I. A Take Action Save act is the most important action item. And donate, but only what you can afford. And thank you, Steve and the War Room Posse.
- [44:54]
Steve Bannon
Thank you, brother. Appreciate you. We're gonna come back with the Commander in chief, what he had to say at the sticks before getting on the plane. Memphis, if a major disruption happened and you couldn't get to the store, how long do you think you could last with what's in your house right now? If it's anything less than a month, you need to check out our friends at my Patriot Supply. They're America's number one preparedness company with over 3 million satisfied customers. And right now when you go to preparewithbannon.com their best selling 4 week emergency supply food kit comes with an additional week of free food. That's you get the best selling four week emergency food supply and it comes with an additional week of free food kicked in. This is the best long term storable food you can find. You're getting at least 2,000 calories a day. Real meals made with real ingredients, no artificial flavors, no artificial colors, and a shelf life measured in decades. Look, we all need to know that we need food stored for emergencies. Look around your house right now. How long would you last? Why not get it from the most trusted folks in the business? Get a free week of food thrown in while you're at it. Go to preparewithbannon.com to get your free week of emergency food today. That's preparewithbannon.com America's number one preparedness company. My Patriot supply with over 3 million satisfied customers. Make sure you're one of them. Here's your host, Stephen K. Band. Okay, for M. Morning Joe, specifically for Mica and for the crowd over at msnbc, the ICE agents at the airports to help out. And remember, they said they're not going to work. The X rays is too complicated. They're not trained for it, but they're trained to wait for it. Check IDs. That's why it's perfect training for the fall of 2026. This is why it's such a brilliant. This is another 5D chess move for President Trump. Let's get ice into the airports to help out to the lines. They can't work the machines. You know what to do, just walk them down. Hey, we're going to speed things soon. Can we check your IDs? That's what's going to happen in the fall of 26. Because folks, we're tired of having elections stolen. So ICE is going to be there in the in the fall of 26 just like they're in the airports today. So from the war room, suck on that. Let's go to Memphis. Brian Glenn Bryant. And by the way, Brian Glenn has has shanghaied one of our great producers who will go unnamed as all the producers for the War Room is. Is out there as your cameraman, low value added, making you look great when he should be in the War Room doing the production. But Brian, I digress, Glenn. Brian, you're there in Memphis. Why is the President of the United States going to Memphis today? The crime rate's already dropped. Is this because he's going to use this as an example of what he's going to do in the future? Sir,
- [48:03]
Brian Glenn (on the ground reporter)
yes, sir.
- [48:04]
President Donald Trump
Good morning.
- [48:05]
Brian Glenn (on the ground reporter)
I, by the way, the wait at Atlanta TSA late was about four to five hours. After blowing about two hours in line, going nowhere. Steve. I rented a car and I drove from Atlanta to Memphis late last night. Got in here and of course, my great cameraman, Jarvis.
- [48:23]
Steve Bannon
Hold it. Hang on, Hang on, hang on, hang on, hang on, hang on, hang on, hang on. Stop. You went to Atlanta to try to fly out, waited a couple hours, said, heck with this, give me a car. I'm going to drive to the Mississippi. I'm going to drive from Atlanta, Georgia to the Mississippi river because it'll be quicker.
- [48:43]
Brian Glenn (on the ground reporter)
Well, I got to the airport five hours in advance, and once I realized I was not moving anywhere, I just chose to bail the airport, take the, get a rental car and drive. And I will say this, the international terminal, get this, had three TSA agents working the entire international terminal at ATL yesterday. It's a complete disaster. I would avoid that airport at all costs. Now, here in Memphis, a totally different story. If you're flying out here in Memphis, you'll go maybe eight to ten minutes from the door to on the other side of the TSA security line. Different story here, but in Atlanta, avoid it at all costs. The reason why I'm here is back in September of last year is when he launched this Memphis task force. Let me step aside. I'll give you an idea what the stage looks like behind me. This is a roundtable setup, although it is somewhat looks like a rally, but it's not. It's a roundtable. They'll have some local law enforcement agencies on stage with him. If you look at the numbers, crime overall is down about 43%. In reduction of total firearms seized, about 1200 guns have been seized. 750 plus gang members taken off the streets here in Memphis. And crime overall, the cases, they don't have to. Clearance rate is up 65%. So they're taking cases off the books here. They're closing out some of these open files. They're solving crimes, taking criminals off the streets, carjacking's way down as well. Now, the reason why he's here is this has been kind of a blueprint, if you will, Steve, of what is to come across this country. And you've got a little bit of defiance here. Democrats in the area, congressional Democrats, Steve Cohen is saying, but look, the crime was already going down. There's no need for these additional agents on the streets of Memphis. But the citizens here absolutely feel differently. They support it. I talked to some of them this morning as I made my way in here. They're glad they're here. And overall crime is down. That's a good thing. 43% reduction in crime, Steve.
- [50:49]
Steve Bannon
Okay, the crime is very important, obviously, and people focus on that. But this whole issue we got now, Mike, how and people put together a mass deportation coalition because Mark Wayne Mullen sound like he's a little squishy on this. And actually, Frank, coming from the White House is that we can't even use the phrase mass deportations again. Is that going to be part of this, do you believe, besides crime enforcement and bad hombres is going to be any discussion today of our favorite topic, mass deportations? Because look, we're all for the Save America act, but you still got to get them out of the country. You just can't stop them from voting. You got to get them out of the country. Brian Glenn, your thoughts, sir?
- [51:27]
Brian Glenn (on the ground reporter)
Absolutely. Now, I could go over some of the numbers. They've had hundreds of immigrants, illegal immigrants, rounded up and basically sent home. So this is something they're going to ramp up. It's just not taking guns off the street. It's getting rid of criminal illegal aliens and do a little bit more of a mass deportation here in Memphis. Absolutely.
- [51:49]
Steve Bannon
Brian. What time is just walk us through the logistics of the day. What time is the president supposed to arrive? Real America's voice. Hell, the dedication of our staff is unbelievable. They drove overnight instead of missing it if they waited in Atlanta at the airport. What is when is the president going to be there? As we know now because all these can change. And what time are you going to be up?
- [52:12]
Brian Glenn (on the ground reporter)
Yeah, originally this was scheduled for 11am start local time. I think that's been pushed to noon local time when Central time. And then after that it lasts about an hour. You've got several speakers on stage. Obviously a part of this roundtable forum program lasts around an hour. Then there's an off the record stop that I'm not at liberty to say on the air, but I'll let you I'll text you afterwards after this. He is visiting a place, a very famous place in this area and then making his way back to D.C. a little bit later this afternoon. But we'll have full coverage here, which is, yes,
- [52:51]
Steve Bannon
a very famous place in this area. I'm going to my home. Title lock pitch. A very famous place in this area. Brian Glenn, where do people get your social media to cover you through the day with the president states in Memphis, Tennessee, one of the great cities in our country on the Mississippi.
- [53:09]
Brian Glenn (on the ground reporter)
I agree. I agree. You can follow me at Brian Glenn TV on Twitter X Rumble our getter, I should say Ryan on Truth Social.
- [53:17]
Mike Davis
Thanks, Steve.
- [53:17]
Brian Glenn (on the ground reporter)
And we'll have anything else that develops here. I'll let you guys know as it happens.
- [53:24]
Steve Bannon
Thank you, brother. We'll see you later today. That'll probably be one o' clock Central time during the Charlie Kirchhoff follows us. Mike Lindell joins us a little earlier because we want to make sure we got plenty of time. And Mike, I'm going to bring you back after the commercial break. Just give me 30 seconds on Georgia. There's a firestorm down there. They're still trying to the, the bad guys are still trying to get their hands on the ballots. Are patriots in Georgia standing in the breach, sir?
- [53:49]
Eric Bolling
Absolutely. Everybody. I spent two days in Georgia and they're standing in the breach. And, and it was amazing. I spoke for three days, one or the one day over three hours straight, you guys and I had to come back through the Atlanta airport. That was quite a task at 3 in the morning. But there are fighters down in Georgia and we're gonna, it's all there's only one truth, Stephen. It's all coming out. It's amazing. Absolutely amazing.
- [54:15]
Steve Bannon
Mike, Hang on. I'mma hold you, hold you in for the top of the hour. Mike Lindell, Natasha Owens, who's going to be live with us at CPAC still and get a ticket. CPAC.org warm 17 bucks. Join us for four days in Dallas. Short break. Do you owe back taxes or you haven't filed your taxes in years? Now is the time to resolve your tax matters. With the national conversation around abolishing the income tax, the IRS is fighting back, improving. It's here to stay by becoming more aggressive than ever before. They're sending out more collection notices, filing more tax liens and collecting billions more in recent years. If you owe, the IRS can garnish your wages, levy your bank accounts, seize your retirement and even your home. If you owe or haven't filed it's not a question of if the IRS will act, it's a question of when it will act. Right now, Tax Network USA is offering a completely free IRS research and discovery call to show you exactly where you stand and what they can stop before it's too late. Their powerful programs and strategies can save you thousands or even eliminate your debt entirely if you qualify. Don't make a costly mistake representing yourself or calling the IRS on your own waives your rights and cost you more money. They are not, and let me repeat, the IRS is not on your side. Get protected the right way with Tax Network USA and start the process of settling your tax matters once and for all today. Call 1-800-958-1000. That's 1-800-958-10000 or visit tnusa.com Bannon for your free discovery call with Tax Network USA. Let me repeat, 800-958-1000. Tell them Bannon sent you. Don't let the IRS be the first to act. Take advantage of first mover advantage. You move.