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Stephen K. Bannon
This is an iHeart podcast.
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Stephen K. Bannon (Host)
But if you've forgotten to get that.
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Stephen K. Bannon (Host)
What do you have to lose?
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Stephen K. Bannon
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Rick Santelli
Terms that nobody's gonna rain on my parade and these numbers are what they are. And 50k. I made this hat two months ago, and the reason I made it is for exactly a day like today, all these naysayers steeped in politics, continue to be negative. That's okay because 50k says you've all been wrong. You keep from going in the water even though it's very hot outside. I say all the investment gurus out there jump in the markets in the US because global GDP is going to take a big ramp up and the US Is leading the way.
Stephen K. Bannon (Host)
I'm going to put the language of the bill up on the screen.
Stephen K. Bannon
Chairman, may I have another question on that? Here's a political question and I need to give my answer on that.
E.J. Antoni
We'll let that.
Stephen K. Bannon (Host)
We'll let the Attorney General respond and then the gentleman can move to chairman. Within 40 minutes.
Stephen K. Bannon
You asked me a question. Within 40 minutes, Wexner's name was added back.
Stephen K. Bannon (Host)
Within 40 minutes of me catching you red handed.
Stephen K. Bannon
Red handed. There was one redaction where he's listed.
Stephen K. Bannon (Host)
As a co conspirator and we invited you in.
Stephen K. Bannon
This guy has Trump derangement syndrome. He needs to. You're a failed politician.
Stephen K. Bannon (Host)
Mr. Chairman. Please restore his time and remind the.
Public/OnDeck/Mint Mobile Advertiser
Witness of the results.
Stephen K. Bannon (Host)
You and the President nominated Eric Siebert.
Brian Glenn
A 15 year career prosecutor, to be.
Stephen K. Bannon (Host)
Your U.S. attorney for the Eastern District of Virginia. But after five months of investigating Letitia James and James Comey, he found no evidence to justify criminal charges. So you forced him out. You replaced him with Lindsey Halligan, Trump's personal lawyer from the Mar A Lago documents case, who had zero prosecutorial experience and no qualifications. And then you were humiliated when a federal judge found that this corrupt appointment was blatantly unlawful and threw out Halligan's indictments entirely. And grand juries of American citizens have repeatedly rejected your vendettas and baseless indictments brought by the hacks left at doj. Now, with two different grand juries in Virginia voting down indictments against Letitia James in a single week, and just yesterday, another grand jury shut down your vendetta factory by rejecting indictments against the six members of Congress who had spoken out to remind all service members that they have a duty to refuse illegal orders. You tried to get a grand jury to indict six members of Congress who are veterans of our armed forces on charges of seditious conspiracy simply for exercising their First Amendment rights. I hope you will heed the wisdom and the constitutional patriotism of those grand jurors and not try it again by doubling down on that humiliation as your best lawyers are sacked for having participated in the January 6th case or just flee for the exits. You can let her filibuster all day long, but not on our watch, not on our time. No way. And I told you about that Attorney General before you started. You don't tell me. No, I did tell you because we saw what you did in the Senate. Not even a lawyer. Many will be in order. I should get back at least 45 seconds. We will give you a few more seconds. I said that already.
Brian Glenn
45 seconds.
Stephen K. Bannon (Host)
Okay.
Rick Santelli
Nonfarm payrolls for January coming in twice expectations at 130,000. 130k. That would be the juiciest going back to April of last year when it was 158. Now, if we look at a couple of months worth of revision, they came in at minus 17,000. Now let's look for average hourly earnings month over month, up 4. 10. That's 110 higher than both booking back and looking forward. 4, 10 would equal October last year. You are all the way back to the summer of 24 to find a higher month over month earnings number. Let's go year over year. 3.7, exactly as expected. 110 light to 3.8 in the rearview mirror. So how does that stack up? 3.7 would be the lightest since it was actually 3.6 Thanksgiving of last year. Now, let's look at hours work, shall we? 34.3, that increase. That's a good thing. That's up a tenth from both what we were expecting and our last look. 34.3 would equal November. To find a higher one year all the way back to March of 24. Now, the unemployment rate may be the most important number of all and it moves down 1 10, 4.3%. All the naysayers out there, they're going to like this set of data points. 4.3 would be equal to where we were in August of last year. To find a lower number, you're looking at June of last year. Labor force participation moved up as well. More good news, 62.5. That would be the best since it was 62.6. In April of last year. And drumroll, please. The final number I'm going to give you is U6, the underemployment rate, and it comes in at 8%. 8%. Last look was 8.4. 8% would be the best, going all the way back to July when it was 7.9.
Stephen K. Bannon
Given that Donald Trump accused them of, quote, seditious behavior punishable by death, this case was an attempt to turn the justice system into a tool for Donald Trump's vendettas. But a grand jury stood in the way of all that. New York Times puts it like this, quote. It was remarkable that the U.S. attorney's office in Washington, led by Jeanine Pirro, a longtime ally of Trump's, authorized prosecutors to go into a grand jury and ask for an indictment of the six members of Congress, all of whom had served in the military or the nation's spy agencies. But it was even more remarkable that a group of ordinary citizens sitting on the grand jury in federal District Court in Washington forcefully rejected Trump's bid to label their expression of dissent as a criminal act warranting prosecution. Here's what two of those six lawmakers, Senators Alissa Slotkin and Mark Kelly, had to say about the failed attempt to indict them at a press conference earlier today.
Stephen K. Bannon (Host)
Our democracy has been around for 250 years, but it is not guaranteed. From the very beginning of our nation, it has depended on the willingness of patriotic Americans to fight for it. Senator Slotkin and I, we did not ask for this. We're just the first through the breach, but you'll be damn sure that we are not going to back down.
Stephen K. Bannon
Some of you know that I recently lost my father a couple weeks ago. And my father taught me two things. He taught me right from wrong, and he taught me to love this country. Senator Kelly and I have both served our country. We have risked our lives for our country. This country has given me everything.
Stephen K. Bannon (Host)
So if we have to sit here.
Stephen K. Bannon
And take physical intimidation and legal intimidation.
Stephen K. Bannon (Host)
To uphold the country we love, we.
Stephen K. Bannon
Will happily do that.
Stephen K. Bannon (Host)
On this vote, the A's are 216. The nays are 215. The resolution is adopted without objection. This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. Reasons I got a free shot. All these networks lying about the people. The people had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
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WAR ROOM here's your host, Stephen K. Ban.
Stephen K. Bannon (Host)
It's Wednesday, the 11th of February in the year of the Lord 2026. You saw a perfect example today of reality and what's going to affect this country and citizens of this country. Today in Washington, D.C. and you saw the circus. Pam Bondi gave as good as she got and it was a wild, it was a wild hearing. She was viciously attacked from the beginning and Pam took the gloves off and she attacked back. It was pretty extraordinary across the board also, as we talked about last night. But as they took full measure, the seditious conspirators who tried to talk the armed services, when we have, you know, a carrier battle group in the North Arabian Sea, when we've still got a strike group off the coast of Venezuela, we have troops deployed everywhere. We just took cartel drones, armed drones out of the airspace over El Paso, Texas. You had senators that were telling enlisted men and junior officers not to follow orders. And of course, a Washington grand jury threw it out. That's the same issue you've got on Capitol Hill. You can't get justice in Washington, D.C. it is the nation's capital, the imperial capital is a country under siege by the far left. I can tell you that from having had the pleasure of going through the court system in Washington. No conservative can get a fair shake. He can't get justice. And of course, Judge Jeanine and others can't get justice either as they bring these cases. It's not going to happen. So my recommendation is stop bringing cases in Washington, D.C. i think Mark Kelly ought to be recalled to active duty immediately and put before a military tribunal for a court martial. And we'll go from there. Maybe you can get the others, too. But definitely start with Mark Kelly since he's running his mouth like nobody's business. Now, the reality, two huge things, reality, as we said today and walked through today with both Erik Prince and Kurt Mills, Netanyahu showed up for a three hour meeting closed to the press. There's been no readout from it so far. We do know some of the details of it. Kurt Mills is going to join me, is going to join me later. And of course, the, you know, the color revolution continues on. Natalie's going to Be here with us in a moment. But I want to start with EJ And Tony. EJ we had you on, I think every couple of weeks. It was like four years. The one thing you would talk about all the time is how you didn't feel comfortable with the Bureau of Labor Statistics, particularly the way they were presenting information. And the buried lead, which nobody wanted to talk about today, Peter Navarro brought it up, is a recalculation of really, Biden lied to the American people and people should be held accountable to this over the Bureau of Labor Statistics. They ought to be perp walking people out of there. This is just not as we talked about at the time. You can have a mathematical error, you can have some sort of, you know, and do a correction on it. Maybe an algorithm is wrong, maybe the way they collect data is wrong. But I believe it was 2 million during the time of the Biden administration, including zero hedges, got up of a million in 2024. As they really try to juice the jobs rates and job growth in actual jobs in the run up to the 2024 election. This is trying to steal an election. So before I get to all the great news with President Trump, because the trade deficits hitting lows now, the financial deficit, the financial deficit, I think the deficit for the country, the economic deficit was under $100 billion, which I know sounds, hey, that's still terrible. But it's not the 200 billion. You're not going to the $2 trillion deficit. You're on a different glide path if we can pull it off. But talk to me first. We've got a couple of minutes here about, I mean, I am stunned and you were put up for Bureau of Labor Statistics and we should have you in there right now so you get to the bottom of this. Tell me about the phony jobs and the lies the Bureau of Labor Statistics and others in trying to promote a Biden presidency.
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Sir.
E.J. Antoni
Well, Steve, as you were saying, we've been talking about this on your show for literally years now where the Bureau of Labor Statistics reports these supposedly great numbers and then they always have to get revised down. And these aren't small revisions, they're huge. This was the biggest ever. It was almost 900,000 for just a 12 month period. And that's on top of the previous downward revisions on a month to month basis. So we essentially just found out today, Steve, that in Biden's last year, half, actually just over half of the supposed job growth that had initially been estimated didn't even exist. And so it helps square that circle of how on earth could you have report after report that looked so good, these economic numbers? And yet the American people always said they felt terrible about Biden's economy, it turns out, because again, literally more than half of the people who supposedly were getting jobs, they weren't, not at all. And the other thing that it really helps, I guess, to say, solve the mystery, so to speak, Steve, is we had talked again on your show a lot about how the number of jobs kept going up even though a different survey that counts how many people are employed that was basically flat. It was really just population adjustments that were causing significant increases there. Well, today with these big downward revisions from for 2024 and 2025, now all of a sudden those two metrics have reconverged. And so I think that gives us a little bit more, a little bit more confidence in the data. Still not great, but certainly better than it was when it was under Biden. And it was as if it was a random number generator. The numbers were truly, truly horrific.
Stephen K. Bannon (Host)
No, no. When we come back, we're going to take a short break. E.J. and Tony, one of the not just nicest guys I know and smartest guys I know, actually a very kind individual. This is one of the worst, I think it's one of the worst scandals out there. How do you have a million jobs, 1 million jobs if you take out the foreign born labor and you take out the phony jobs? The Biden thing was a catastrophe as the American people knew and American citizens knew. Short commercial break Take your phone out and text Bannon B A N N O N at 989-898. Get the ultimate guide. This guide is free and there's no obligation. You get to talk to Philip Patrick and the team at Birchgold on the ultimate guide for investing in gold and precious metals in the age of Trump. We've been on this now for I think four or five years. Gold's up from 10001100 to over 5000. I think it's 5100 today. It's not the price of gold once again, it's the process that drives the value of Philip Patrick and team of Birch Gold. Check it out today. Short break.
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Support for the show comes from Public, the investing platform for those who take it seriously. On public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year. You can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA and SIPC Advisory Services by Public Advisors llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete Disclosures available at public.comDisclosures OnDeck is.
Stephen K. Bannon
Built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, OnDeck's loans up to $400,000 help make it happen fast. Rated A by the Better Business Bureau and earning thousands of five star Trustpilot reviews, OnDeck delivers funding you can count on. Apply in minutes@ondeck.com depending on certain loan attributes. Your business loan may be issued by Ondeck or Celtic Bank. Ondeck does not lend in North Dakota. All loans an amount subject to lender approval.
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Stephen K. Bannon (Host)
At work supported me while I was going through treatment by not treating me.
Kurt Mills
Like somebody who was going through treatment.
Stephen K. Bannon (Host)
Treatment sucks. Cancer sucks. Being engaged with work really helped to oh, I just knew I was going to beat this thing.
Kurt Mills
Research shows there is a significant connection.
Stephen K. Bannon (Host)
Between the ability to continue to work and cancer recovery.
Brian Glenn
We can make work a better place.
Stephen K. Bannon
For healing, learn more and sign the pledge@workingwithcancerpledge.com here's your host, Stephen K. Banff.
Stephen K. Bannon (Host)
Okay, EJ and Tony is going to stick with us. We're going to get down to the bottom of the scandal. I mean the Bureau of Labor Statistics, it's a psyop. Let's go to Brian Glenn at the White House. Brian, we just had the coal ceremony about making sure we're maximizing the use of coal, which is a brilliant thing, clean coal. There was a three hour meeting. You broke the news today that Netanyahu had come through the side door. Now one of the reasons I'm trying to get to bottom, he might have been over at EOB having the pre meeting with Marco Rubio there where he signed the, where he signed the Board of Peace. Although people in Israel some are saying hey, any signature like that on something or participate has to be passed by the cabinet. You haven't done it. So that's pretty controversial. Have you heard anything? It was a three hour meeting. What have you heard? They haven't made any announcements. I don't think there's been a readout. What have you heard?
Brian Glenn
Yeah, the only readout that I've heard is there hasn't been any really significant progress. President Trump did in fact suggests that he would love to get a deal with Iran but if that was not possible then he would go to option number two and referenced Midnight Hammer of being perhaps Midnight Hammer 2.0. But yeah, I mean they were in there for three hours like as you said, the prime minister not making their traditional arrival along where I stand right here along pebble beach going in the West Wing but opted to even further. Steve, I learned it was closer to the South Lawn entrance. It wasn't even the entrance that is just off the West Wing. So it was even further out of eyes view there. But three hour meeting, not much came out of it other than if we cannot find an agreement. President Trump, he said he would look at the option number two which would be something in the likes of a Midnight Hammer.
Stephen K. Bannon (Host)
Well I think that's a pretty big because there's a, there's a big gap between the bid and the ask. Remember Netanyahu wants a complete eradication of any of their weapons programs because they were getting hammered by ballistic missiles. He also wants These negotiations to even expand about potential regime change. I'm not talking about going kinetic. He clearly wants to go kinetic, but if he can't get that, the Iranians want it tighter and narrower. So President Trump's saying, hey, we can't, you know, because they're talking about getting away around their entire nuclear program and maybe even their ballistic missiles. There's a lot of heated talk. Kurt Mills is going to join us in a while. But there's a lot of heated talk coming out of Iran in the Middle east and Europe about the scale of this. So the President's saying, hey, if I don't get a deal, we're going to. We're going to go in like Midnight Hammer. And he's bringing many more assets into the region than he had for Midnight Hammer. I mean, right now, there's one carrier strike group there in the North Arabian Sea. My understanding is that he's ordered another one to be ready to deploy quickly. So this is going down the path, and President Trump's trying to put max pressure on, but this is going down the path of we could be in a kinetic war.
Brian Glenn
We could, we could. And we said this this morning that if you look at, you know, Midnight Hammer, it was completely different. It was flying a bomber across the world, being very precise on one target and coming back. But when you start allocating assets around that region, significant assets around that region, that suggests if there is a kinetic strike. I don't think it's going to be anything like Midnight Hammer. I think it's a little bit more of an involved strike on Iran. I think, as we have all in the posse will tell you and people that I've talked to here along pebble beach, and Americans, this is something they do not want. This is not our fight. This is not our development to get involved with and regime change. And that's simply what this would be. But we'll see. Hopefully, option one is what at the end of the day happens and then we don't go to this second option, which would be some type of kinetic strike.
Stephen K. Bannon (Host)
So the President reiterated today he wants a deal. He's going to try to work for a deal. We do understand he's, you know, he's asked a bunch of times, hey, is there a target set like, like, like the first expeditionary raid of the B2s coming from Nebraska, coming from the Strategic Air Command and the Navy submarines hitting him with Tomahawk missiles that took it out, as he said, ended the 12 day war in total obliteration. I don't believe he's been given that target set because as you said, the irgc, it's a massive force. It's spread all over. The ayatollah might be able to take out the Ayatollah, but maybe not the military sense. Anyway, Hegseth and the team are working that up. And so far they've been magnificent. But people should understand that you're going to be on tenterhooks about whether this happens or not. Brian, the coal thing was spectacular. I'm sure we're going to get more out of the White House on this, what's happening on Iran. But the jobs numbers, two things happened. Number one, the jobs numbers were terrific. I just don't think the White House has been so preoccupied they haven't been pushing it out enough. We're doing it here today with EJ And Tony. Also, the Save America act just passed in the house. 216 to 215. So Johnson, as much as we get on him, he's really running. And it had one Republican, I think, voted against it. He's having a, he's having to walk a tightrope here. But John Thune and the people in the Senate have basically said, well, we're not going to kill the filibusters. Nowhere it's got 60 votes like he doesn't have. Tuberville told us they don't have all the Republican votes. I think Collins has already said she's not voting for it. So what is. Do you have any word out of the White House of what they're thinking now, that President Trump needs this act, he needs to codify about these elections? Executive orders are just not going to hack it. I know it's a high priority. Tells people that every day. What do you hear?
Brian Glenn
Yeah, now as if we were in the coal event. So I don't have any update on that, but as soon as we get off the broadcast here, I will go and see if we have any update on that. I will say into all the jobs report yesterday, if you notice, at the end of Karen Levitt's briefing there in the press room, she kind of, I think, got a little aggravated that some of the topics weren't being asked about the jobs report and about the economy and certain numbers that are coming out, some really positive numbers. And she kind of struck, you know, kind of lashed out at the media for not asking the important questions of some of the good things that are happening. But, and, you know, basically, what do you expect when you stack the briefing room with media outlets that don't care to talk about the positive economic numbers that are coming out. So they want to great things. A Cole vent was terrific.
Stephen K. Bannon (Host)
Look, they just lied about for years 2 million phony jobs that they promoted every day when they were doing. They were doing recalculations every two months. They never got on that. It was 2 million phony jobs or 2 1/2 million, as EJ tells me, almost a million in the run up to Biden's election. The media, she ought to clear the whole room out. I mean, I don't even know why they had the briefings. It's ridiculous. Because all this.
Brian Glenn
Well, they just did another seating chart, by the way. They just did another seating chart. What they did was give an extra seat to, like, Fox to Fox Radio and the CBS to CBS Radio. So everyone, every one of the networks got an additional seat to a different branch of their network. I believe the Daily Wire, if I'm not mistaken, the Daily Wire got a rotation seat with another outlet. So they are trying to, I guess, in a way, put a little bit more of the new media in there. But I still have to stand on the side of the briefing room and, and these things are packed, Steve. This is. The international media that is here at these briefing rooms is insane. It's standing.
Stephen K. Bannon (Host)
You're still. You're still. You're still teacher's pet. What do you mean? You're. You're the. You're the. What was her name?
Brian Glenn
The.
Stephen K. Bannon (Host)
The. From the upi. Helen Thomas. You're the Helen Thomas Thomas.
Brian Glenn
The modern Helen Thomas.
Stephen K. Bannon (Host)
He traditionally got the first call. You do where. Social media. Where do people get you, sir?
Brian Glenn
Yeah, you can follow me at Brian Glenn TV and I'll do everything I can to get a little bit more response from the White House in regards to the say back in the Senate, Doug Bergen. I just walked by earlier. I'll. I'll try to get with him, get a comment. You can follow me on social media at Brian Glenn TV. Steve, as always, thank you.
Stephen K. Bannon (Host)
Thank you, sir. Okay, E.J. before we get to the new numbers, I got to go back to this, folks. I want you to understand the scale of this. This is how they play. This is smash mouth. They lied about two and a half million jobs. EJ would come here. Why. Why did EJ get selected by President Trump to be the head of bls? And it was Murkowski and Susan Collins, let's call him out. Who tanked that? You should be over there right now. For four years, you sat up here and said, hey, they're gun decking this. And of course, in 23 and 24, you were the loudest person in the room saying they're going back. This is, this can't be just a calculation mistake. It's happening all the time. Two and a half million jobs, I think the last two years, a million jobs. In the run up to the 2024 election, they were gun decking this on purpose. They were using this as a polit. They were taking false economic data that they knew to be false and they were weaponizing this in a political context. E.J. and Tony.
E.J. Antoni
Steve, I think one of the key elements here is the fact that the economy changed wildly both during and then after Covid. And so if you want to give everybody, all the statisticians and the economists a pass for the first year or two, because so much had changed and there was a lot that they had to change in terms of models and methodologies, I think that makes perfect sense. But, and this is a big but, when the same mistakes keep happening month after month and year after year, at what point do you say this is no longer acceptable and there is no excuse anymore for these kinds of mistakes? And that's where we were back in, I think, 23, and certainly, most certainly in 2024. There was absolutely no excuse for why the problems had not yet been fixed. And in fact, some of them still are not yet fixed. There were different changes that were implemented in today's report that will hopefully adjust for how, how businesses are essentially created and lost in the economy and the employment impact that, that, that those changes have. But we'll have to wait and see if those changes actually make a difference or not. But again, I go back to my point, Steve. The fact remains that you cannot be that incompetent for that long and tell me that everything is above board. Are you really that bad at your job? Do you really have your head buried that far in the sand that these repeated mistakes time and time again that are only increasing in magnitude, in other words, they're getting worse over time. You can't tell me that everything is above board there. I'm sorry, it just doesn't make sense.
Stephen K. Bannon (Host)
Give me, give me 30 seconds on who should be accountable and what should happen here. Sir, we just can't let this pass.
E.J. Antoni
Well, Steve, unfortunately the only person at BLS who's actually appointed is the commissioner. Everyone else is a career. So what that tells you is we desperately need the kinds of reform that the President has been talking about going all the way back to his, his first administration. We need the kinds of reforms that are going to allow him to reform the civil service. In other words, he needs to be able to fire a lot more of these people. They can't hide behind all of these weaselly protections anymore.
Stephen K. Bannon (Host)
Ej, if you just hang on for a minute, I do want to talk about the positive nature of this also. The deficit, trade deficit coming down, the financial deficit, economic deficit coming down. Birchgold.com Gold has been on a wild ride for the last four or five years we've been with Birch Gold. We teach you the process of what drives the value of gold and particularly why central banks are buying gold at record revenue. The end of the dollar empire. You now have a Patriots edition with an appropriate purchase. You get that from Birchgold. Birchgold.com promo code Bannon check it out Today.
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Stephen K. Bannon (Host)
Need to be healthy every day to.
Stephen K. Bannon
Survive it and go to the next.
Stephen K. Bannon (Host)
Chemo round and the next chemo round. So it's important that work was part.
Stephen K. Bannon
Of that to keep my mind busy.
Stephen K. Bannon (Host)
For 8, 9 hours and then I.
Stephen K. Bannon
Had to go back and face the reality.
Stephen K. Bannon (Host)
I had a goal and the goal is to survive.
Kurt Mills
Research shows there is a significant connection.
Stephen K. Bannon (Host)
Between the ability to continue to work and cancer recovery.
Brian Glenn
We can make work a better place.
Stephen K. Bannon
For healing, learn more and sign the pledge@workingwithcancerpledge.com that nobody's gonna rain on my parade.
Rick Santelli
And these numbers are what they are. And 50k I made this hat 2 months ago and the reason I made it is for exactly a day like today, all these naysayers steeped in politics continue to be negative. That's okay because 50k says you've all been wrong. You keep from going in the water even though it's very hot outside. I say all the investment gurus out there jump in the markets in the US because global GDP is going to take a big ramp up and the US is leading the way.
Stephen K. Bannon (Host)
Eg. Antoni. That is the great Rick Santelli and he is the great Rick Santelli mocking the rest of squawk box to their face on the progressive Democrats they have on there that are trash talking President Trump. The business press folks. I know you don't, you know, a lot of you don't get into the Wall Street Journal, Financial Times in London or watch the business shows. It's worse than MSNBC and cnn here's why. You have mathematical facts you should be dealing with and they purposely go out to misrepresent it. EJ Give me a couple of minutes on the power of this jobs report for President Trump's program.
E.J. Antoni
Well, Steve, one of the really big indicators that we got out of this is the fact that in Trump's first year, because now that's what we have, right? January of 25 to January of 26, that's the data that's in the books. You see that almost all of the net job growth, in fact actually all of the net job growth is going to foreign, excuse me, is going to native born Americans, not foreign born workers. It's exactly the opposite of what we saw under Biden, especially Biden's last couple of years. In fact, during almost the entirety of Biden's last year, the annual net change for jobs among native born Americans was negative. In other words, they were losing ground on net. There were more people losing jobs than gaining them. Again, that's among native born Americans. So that's a really big component here. Who is actually getting the job. Second is the kind of jobs being created In January of 2025, that handoff month between Biden and Trump. It turns out the economy being handed to Trump was much weaker than previously estimated. And in fact the net change in jobs that month was negative. You actually had only government adding jobs. The productive private sector was losing jobs. Now you Fast forward exactly one year to January of 2026 and Trump has flipped that script. It is now the private sector that is gaining jobs. Government is losing jobs. He has managed to push the level of federal jobs down to the lowest level since 1966. Literally six decades. You have to go back six decades to find a time when there were fewer people employed among the federal bureaucracy. That's huge, Steve. So again, who is getting the jobs, the kind of jobs that are being created or lost. And then lastly, another big takeaway has to do with how much people are getting paid by, by essentially having more people in good full time jobs with benefits, high pay and not everybody having to get multiple part time jobs. What's happening is you're seeing a big increase in how much people are getting paid. In other words, the size of their weekly paycheck. But, and this is a big but, unlike under Biden, when inflation ate up all of those gains, under Trump, with lower inflation, those gains are being preserved. So if you look at Steve, what can the average American buy with his or her weekly paycheck under Biden, according to the official numbers it fell about 4.0% under Trump in just one year it is up about 2.0%. So that tells you number one, we've course corrected right. We were heading in the wrong direction. Now we're heading in the right direction. But the other thing it tells you is that we have not yet regained all of the lost ground from the Biden years. And I think that last point is why a lot of people still don't feel satisfied with the economy. Even though things are getting better, they're still not as good as let's say when Trump left office.
Stephen K. Bannon (Host)
The first go around Trade deficit down 78%. The economic deficit down for this month below 100 billion. You're seeing the turnaround in manufacturing. Peter Navarro is great today. E.J. and Tony, the best, most succinct analysis of President Trump's economy and the turnaround. You won't see it on Bloomberg, you won't see it on cnbc, you won't see it on Fox Business. You see right here in the war room. E.J. fantastic. Where do people go particularly your social media story, putting up stuff all the time.
E.J. Antoni
Best place to find me is going to be on the platform and the handle there is at real. E.J.
Stephen K. Bannon (Host)
Antony, I want to say something before you leave. President Trump has worked and said in the war and posse the MAGA base. The Republican has said the Save America act with the voter id, the purging the voter rolls and also talk about these mail in ballots is absolutely essential. We have to codify this. They pass it by one thing in the House today and the Senate's not even going to take it up. They've already said there's not enough votes here to do a talking filibuster and 60 votes is totally dead. Plus Tuberville told us last night there are people, Republican senators that tell him all the time I'm not going to vote for that. I'll get chopped up in the media. The same people you're telling me EJ And Tony should not be the Bureau of Labor Statistics. For four fricking years he sat here and every month told you exactly what they were doing and how they were doing it. At 23 and 24 he ramped it up. So the two and a half million jobs and knowing that they they use as a psyop. This gentleman sat here every month and told you how was happening. He knows where the people are accountable and how to fix it and what the reason he is not the head of Bureau of Labor Statistics is one reason they knew he would go in and change it. And the unit party does not want change. The same people that will not bring the Save America act to a vote in the Senate and do what's necessary for the country are the same exact people that would not confirm E.J. antony as head of Bureau of Labor Statistics. Sir, you're a patriot and a hero, particularly hero of mine. Thank you so much for joining us and the great work you do.
E.J. Antoni
Steve, thank you for everything you do.
Stephen K. Bannon (Host)
Thank you brother. Appreciate you. Kurt Mills Three, three hours there's been no real leaks about it by the way, a three hour meeting in Washington but in Doha because Qatar and you know our allies uae, Qatar, the Saudis who all hate and of course UAE and Saudi hate him more than Qatar but are all hate the Persians and distrust them. Maybe in business with them in some gas fields. They don't want a war because they said we're not ready for it. The Persians can be shooting missiles everywhere. They're going to take out Straits of Hormuz, they're going to take out, they're going to take out infrastructure and take out the gas fields. It'll be years before we pull it back. Somebody's got to listen up to us. So tell us about the tale of two cities here today.
Kurt Mills
Yeah, no, you make a very important point. This is what's actually changed considerably from President Trump's first administration. The Gulf so called so this is Kingdom of Saudi Arabia, uae, Qatar, other nations such as Oman, they are very aligned more or less against a new Iran war. I can get into why but that basically puts them off sides of Israel here and they are lobbying the administration to prevent an all out war. Even the most Israel favorable emirate, the uae.
Stephen K. Bannon (Host)
Yeah, it's not by the way, I want to state it's not these guys like like the ayatollah or the mullahs. These are the guys actually back in the first term that hated them and wanted removal. Quite frankly Saudi Arabia and UAE more than President Trump in the United States. The shift the change has been now they seen as they're backed into a corner. They're concerned about regional destruction here if it goes forward and they see how they've been weakened by President Trump's economic warfare. Though Ayatollah is not in control now. Inca collapse. I'm not saying it's going to be pretty, I'm not saying it's going to be next week. But he's essentially been neutralized as Hezbollah and other proxy armies have, correct?
E.J. Antoni
No.
Kurt Mills
If anything the UAE and Saudi Arabia were the driving force for Iran hawkishness more than Israel seven years ago. So it's a major shift. And so you have the region basically united against a new war. They know it'll be very ugly. It's very likely that Iran will fire missiles on numerous military installations. Of course, the Americans maintain a major military base in Qatar, and this could get ugly real fast. And additionally, even if Iran didn't have severe military capabilities, and I think they do, it's pretty easy for them to close what is called the Strait of Hormuz if they just fire a couple of missiles at these commercial vessels. No commercial vessel is going to have its crew get killed or pay the insurance on it. That could very well spike the price of oil, 10, 20, $30 immediately. It could cause the markets to react similar to how you saw the markets react towards Liberation Day last spring. And you know, that's going to make President Trump pretty cool to this. But in contrast, in contrast to the tariff policy that I think was in the national interest and is something that Donald Trump and President Trump deeply cares about, this is a wholly elective foreign policy adventure that has nothing to do with American national interests and has everything to do with perceived national interests of the Israelis. And I think that's why Netanyahu is here in Washington tonight, and that is the message he tried to deliver to President Trump. President Trump clearly hasn't made his mind up yet, but the Israelis are going to demand a series of, of criterion that the Iranians, frankly, would prefer to just go to war over. And the key linchpin here, the key criterion is whether or not the missiles, the ballistic missile arsenal that Iran still maintains is going to be on the table. Because if they give it up, there's, you know, from their perspective, they're as good as gone as a regime. And you don't have to like these guys to understand that. There's certain rationality, especially for how, you know, American presidents before. Donald Trump dealt with different rogue regimes. Gaddafi gave up his weapons in the early 2000. What happened to Gaddafi? He was murdered by his own people. These, these regimes are not stupid. And they're going to play their cards with fewer than they have pretty tight and pretty well.
Stephen K. Bannon (Host)
But President Trump, once again, first off, you had his whole discussion about Gaza. I mean, he's all in. And people, you know, got to realize he's all in with the peace plan and the redevelopment, as you said, the day, it may not help happen on his watch, but he's declaring, Mike. But actually, the building of the New what it looks like either Tel Aviv or a new Miami beach will not be on. And his watching list, we're fortunate enough to keep him through 28, but he's all in on this. Cutter and Turkey providing security and Qatar, the, Qatar, the, the, the financing. And so that was a big part of the discussion today. We haven't heard. There's a lot of. Hasn't been really an official readout, but we'll get everything to you tomorrow. What should people be looking for, Kurt, tonight as you put stuff up on social media? Yeah, man.
Kurt Mills
I think there's every indication that there's going to be a new round of talks next week. That of course is, you know, in, in the case that nothing big happens, I. E. The US doesn't attack, the Israelis don't attack or the Iranians don't attack. First you have to remember the Iranians have their own hardliners who want to go to war. And you know, the better angels over there are restraining them from here. You have to look at, you know, basically the dialogue. I think it was very telling that the vice president today, J.D. vance, indicated that the administration's goal is quote, only a nuclear weapon. If the, if the goal is to prevent the Iranians from just getting a nuclear weapon, then President Trump has that deal on the table right now. And it's a much better deal than the one that Barack Obama inked. If it is an expansive deal, a so called surrender deal, that the Iranians would rather just fight the war and take their chances than we are going.
Stephen K. Bannon (Host)
To go to war. Your probability being a betting man right now, President Trump has said once again, I want to deal here as you see it right now. Are we on the path to a kinetic conflict with the mullahs and ayatollahs in Tehran? At least a succession of bombing runs on target packages. Sir.
Kurt Mills
Well, you know, the magazine internally bet on this two weeks ago and I took the under that we would not have a war by Valentine's Day. So I've got three more days to make till then. As to the zoom out on it, I still think that this has been a pretty strange series of events. The Prime Minister of Israel spent New Year's with President Trump in Mar?
Stephen K. Bannon (Host)
A Lago.
Kurt Mills
Iran was top of the agenda. The Iranians had massive protests, maybe the biggest protest in the history of the regime since 1979. They put them down pretty ferociously. President Trump had a red line that no protesters could get killed. I think evidently some certainly got killed. And still the US Moved installations into the region and still the US hasn't struck. And my suspicion and my understanding from conversations with people in the know is there's just not a clear move here. Are we going to assassinate the leader of Iran?
Stephen K. Bannon (Host)
Kurt, Kurt, hang on for one second. I just want to hold you through the break. Natalie Winters is going to join us also in the world. We will fight till they're all gone. We rejoice when there's no more let's.
Rick Santelli
Take down the ccp.
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Stephen K. Bannon
Built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, Ondeck's loans up to $400,000 help make it happen fast. Rated A by the Better Business Bureau and earning thousands of five star Trustpilot reviews, OnDeck delivers funding you can count on. Apply in minutes@ondeck.com depending on certain loan attributes. Your business loan may be issued by Ondeck or Celtic Bank. Ondeck does not lend in North Dakota. All loans an amount subject to lender approval.
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Stephen K. Bannon (Host)
I was diagnosed, all I wanted to do was get back to work. I wanted to get back to that trajectory that I was on prior to the cancer. I always felt like I had value. I had a place on the team to just be treated with dignity. It means everything.
Kurt Mills
Research shows there is a significant connection.
Stephen K. Bannon (Host)
Between the ability to continue to work and cancer recovery.
Brian Glenn
We can make work a better place.
Stephen K. Bannon
For healing, learn more and sign the pledge@workingwithcancerpledge.com War Room here's your host, Stephen K. Bannon.
Stephen K. Bannon (Host)
Just to be clear on the Birch Gold offer for the Patriots Edition, the book is free with a qualifying purchase but talk to Philip Patrick and the team. Go to birchgold.com, promo code Bannon today. Get in touch with Philip Patrick and team with a qualifying purchase. The book Patriots Edition. The hard copy is free and I know you'll love it. For a lot of you it's changed your life. Just really has with the runup. Patriot Mobile 972 Patriot make sure you go there today. He's got the best phone service in the world. As importantly it supports the causes that you believe is a Christian company with Christian values. So go there today. 972 Patriot. You will talk to someone with an East Texas accent that will tell you all about the country and all about the company in their their customer service setup. Great company, Great folks. Do it today. Kurt, you were making a great point. If you give me your closing thoughts and where people can follow you on social media tonight because I'm sure there's going to be a lot of news breaking.
Kurt Mills
Yeah look top line on Iran and why President Trump I think should sign a deal and is thinking about signing a deal. There aren't strong military moves on Iran. If they try to assassinate the Supreme Leader in some ways that might make the system more nimble, could be replaced with a much younger, more capable, in theory, successor. And that's not a particularly attractive move if they try to enact reprisals on the regime for the killing of protesters. It's not clear where to start. And you might have an Iraq redux. The President of the United States has been very clear that he is not attracted to, to regime change, boots on the ground type operations. And I think that is why the preponderance of the evidence is that he might take a pass here and signed a strong deal with the Iranians. As for our own work, the magazine is the American Conservative. It is a magazine founded by Patrick Buchanan and conservatives in 2002 against the Iraq war. And you can find my own work at Mils on X at Kurt Mills. Thank you very much.
Stephen K. Bannon (Host)
Thank you, brother Natalie. I really, I don't want to waste time going back over Ron. I think we spend way too much time on it to begin with. The real fight is what you, you have on your substack. A pretty shocking piece. Tell me about it.
Stephen K. Bannon
Well, it's this new term that I think we should get used to in the war and it's called Revolution Consultants. There's this organization called the center for Applied Nonviolent Action and Strategies Canvas for short. They're funded by usaid, Open Society, really a hub of left wing protest. They're headquartered in Serbia, if you can believe it. But they're actually hardwired in not just to of course, the Democratic Party and these left wing protesters that we're seeing, but actually universities like Harvard, Tufts, Colorado College, Grinnell. They've been drafting curriculums, teaching students and activists how to protest with online tactics and tools, including books like Blueprint for Revolution. They actually have their own cut at Colorado College in the political science department. And Steve, I think this story really gets to the heart of the issue, which is what we're talking about. And frankly, I think it's why ICE is having such a difficult time engaging with these protesters, which is they're not protesters, they're regime change activists. They focus on destabilizing governments. And the key here is that they're USAID funded, they're foreign, and they're using these USAID style tactics bringing them to the United States. If you read their literature, which I have, you can go read my substack. You can see the quotes they're using intelligence community type speak, right when they're talking about the tactics, identifying pillars of support, the curriculum that they have, teaching activists and students how to basically engage in revolution. Their words, not mine. And there's one other piece too on the same topic that I'd encourage people to go check out. This is not a joke. This is a real thing. The WHO now has the Immunization Agenda 2030, where they're working on rolling out mass vaccination campaigns across the country, across the world, vaccine hesitancy, misinformation, disinformation, and the politicization of science. So you should definitely read that story too. I think these, these work together. But that, that Canvas story, there's more we're going to be reporting on that, but really shows you the connectivity between usaid, the global regime change movements and the protest movements here.
Stephen K. Bannon (Host)
USAID means that you, the audience are paying for it instead of taking, you know, the hours of preparations, three hours in a meeting. As I keep saying, the problem we've got is in the streets of New York. The problem we have is in the streets of Minneapolis. The problems we got are down here in Texas. They're not in Tehran. That's where there's a huge opportunity cost. Am I too far off base? Natalie Winters?
Stephen K. Bannon
You're exactly right. But I also think that there's foreign opportunity costs too. I mean, when you think about between Venezuela, Iran, the strategic and technological advantages that we have revealed that the United States has when it comes to Chinese air defense capabilities, what happened in Operation Midnight Hammer with Maduro I think is really risky, especially when you put that through what is, I think the most likely actual kinetic flashpoint of World War 3, which is what's going on in Taiwan. And I think we're compromising our position when it comes to China by engaging in a lot of these other countries deploying, not just depleting our weapon stockpiles, but showing some of these novel technologies that we have. But look, if you want to have a regime change war, you don't got to go to Iran. You have people who are being trained in the very same tactics here. A lot of these Iranian protesters, this group Canvas, for example, works with Iranians, works with a bunch of countries that work with over 120 countries. So it doesn't really make sense. You want to deal with radical regime change types, here, we got them. You want to deal with radical Islamists, you got them in Texas and New York. You want radical anti Democrat, anti Democrat activists, you got them here. You don't need to go overseas.
Stephen K. Bannon (Host)
On Friday, you joined Margaret Hoover on the classic PBS crossfire firing line. Firing line. Is that what you're doing Friday?
Stephen K. Bannon
Firing line, A debate with a fellow Gen Z left winger on all things immigration, censorship. It's really going to be a good one. People can Watch it on PBS 8:30 Eastern look on your channel setting. But an honor to join that very historic program and I really encourage the warm audience to watch. It's a good one.
Stephen K. Bannon (Host)
We are going to push it hard. It's going to get huge ratings. Natalie, social media, where do people follow you? Ma', am, Your stuff is great.
Stephen K. Bannon
Nataliegwinters.substack.com subscribe Check it out. Thank you, Steve for having me.
Stephen K. Bannon (Host)
Friday, she's with Margaret Hoover and Firing Line. It's going to be classic Mike Lindell. The war and Posse. We got over a minute. They want to talk deals. What do you got for us?
Brian Glenn
We got the mega tune, the mega second annual mega sale, you guys. It's been going on all week. Free shipping on your entire order. We've got the. These dream sheets just came in all the colors and the towels came in. You guys that all the towel colors came in the six piece towel sets only 34.98, the lowest price in history. And we've got the my pillows on sale 14.98. And we left the mattress toppers on there as low as 99.9.
Stephen K. Bannon (Host)
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Go to mypillow.com forward/war room. You guys, free shipping on your entire order.
Stephen K. Bannon (Host)
Do all your shopping right now while.
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Stephen K. Bannon (Host)
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Stephen K. Bannon (Host)
People at work supported me while I was going through treatment by not treating me like somebody who was going through treatment. Treatment sucks. Cancer sucks. Being engaged with work really helped to. Oh, I just knew I was going to beat this day.
Kurt Mills
Research shows there is a significant connection.
Stephen K. Bannon (Host)
Between the ability to continue to work and cancer recovery. We can make work a better place.
Stephen K. Bannon
For healing, learn more and sign the pledge@workingwithcancerpledge.com this is an I Heart podcast.
Stephen K. Bannon (Host)
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Podcast: Real America’s Voice (iHeartPodcasts)
Date: February 11, 2026
Host: Stephen K. Bannon
Notable Guests: E.J. Antoni, Brian Glenn, Kurt Mills, Natalie Winters, Rick Santelli
This episode of "The War Room" with Stephen K. Bannon focuses on three intertwined themes:
Throughout the episode, Bannon and his guests dissect current events with a combative, populist tone, questioning the integrity of U.S. institutions, decrying political maneuvering in D.C., and highlighting what they frame as the "rigging" of economic data to benefit political opponents. The show is punctuated with pointed commentary on media coverage, critiques of Washington, and warnings about foreign entanglements.
Timestamps: 03:54 - 09:47
Political Vendettas: Brian Glenn recounts the failed attempt to indict six veteran members of Congress (including Senators Alissa Slotkin and Mark Kelly) for seditious conspiracy, emphasizing that grand juries have repeatedly rejected such efforts. Glenn portrays the Justice Department as politicized and weaponized against dissenters.
Defense of Democratic Institutions: Slotkin and Kelly deliver emotionally charged statements defending their patriotism and commitment to the Constitution.
Bannon’s Take: Bannon uses the segment to frame the episode as a clash between “the imperial capital” and everyday Americans, insinuating that conservatives cannot get fair trials in D.C.
Timestamps: 14:46 - 41:58
Bureau of Labor Statistics Controversy:
Comparative Economic Performance:
Calls for Accountability:
Media Critique:
Timestamps: 21:30 - 54:47
Netanyahu’s Visit and War or Peace Decisions:
Regional Reluctance for War:
Trump's Calculations & the Israeli Factor:
Timestamps: 54:47 - 57:26
Natalie Winters’ Report:
Linking Foreign & Domestic Upheaval:
Rick Santelli on booming economic numbers:
Sen. Alissa Slotkin on defending democracy:
Bannon’s signature populist rallying cry:
E.J. Antoni, on BLS data manipulation:
Kurt Mills, on regional attitude to Iran:
Natalie Winters, on US-backed activism at home:
| Segment | Timestamp | |-------------------------------------------------------------|-------------| | Opening, failed indictments, DOJ critique | 02:32–09:47 | | Bannon on justice in D.C., Biden’s economic “scandal” | 10:45–16:31 | | E.J. Antoni on BLS numbers, jobs, and accountability | 14:46–41:58 | | Netanyahu’s visit, Iran war or diplomacy, Gulf states view | 21:30–54:47 | | CANVAS, domestic activism, regime change funding | 54:47–57:26 | | Closing, key takeaways, promo codes | 57:26–End |
This episode underscores Bannon’s trademark fusion of economic populism, institutional skepticism, and uncompromising critique of what he casts as the entrenched “regime.” The panelists are assertive and at times conspiratorial in tone, especially regarding economic reporting and perceived efforts to delegitimize or target conservative figures and perspectives.
Listeners are left with a sense of urgency: institutions are corrupt, the stakes (from jobs to war) are existential, and meaningful reform—especially in government and media—depends on “real Americans” standing up to what Bannon calls “the regime.”
Recommended for:
Anyone seeking insight into MAGA-aligned populist perspectives on current U.S. politics, with particular attention to economic statistics, justice system controversies, and complex geopolitical maneuvering involving Iran and Israel.