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- [00:00]
Ryan Reynolds
Hey, it's Ryan Reynolds here for Mint Mobile.
- [00:02]
Kennedy
Now, I was looking for fun ways to tell you that Mint's offer of.
- [00:05]
Ryan Reynolds
Unlimited Premium Wireless for $15 a month is back. So I thought it would be fun if we made $15 bills, but it turns out that's very illegal. So there goes my big idea for the commercial. Give it a try@mintmobile.com Switch upfront payment.
- [00:22]
Jessica
Of $45 for a three month plan equivalent to $15 per month. Required new customer offer for first three months only. Speed slow after 35 gigabytes of networks busy. Taxes and fees extra. See Mintmo.
- [00:35]
Emily Campagno
Hello, everyone. I'm Emily Campagno along with Kennedy, Jessica, Charlotte, Jesse Waters and Greg Gutfeld. It's 5 o' clock in New York City and this is the 5 Fox News alert. We are awaiting President Trump to address a major AI summit in Washington, D.C. we'll bring that to you when it happens. But first, the Democrats are rallying around yet another radical. Mahmoud Khalil, the ringleader of those horrible anti Semitic protests at Columbia University that spread to other campuses was just released by ICE. And of course, he got a hero's welcome. In D.C. khalil will be meeting with at least a half dozen Democratic lawmakers, including socialist Senator Bernie Sanders. But the Democrats might want to think twice about who they're cozying up to when this guy can't even bring himself to condemn a terrorist group. Just to be clear, on October 7th.
- [01:40]
Jessica
I condemn the killing of all civilians, full stop. But what I don't want to get into is, no, I am very clear with condemning all civilians. I'm very straight in my position in that part. But it's disingenuous to ask about condemning Hamas while Palestinians are the ones being starved now by Israel.
- [02:06]
Emily Campagno
But the Democrats have another radical on their roster, Socialist Zoran Mamdani. Democratic Senator Elisa Slotkin seems to think that Trump and Mamdani have something in common.
- [02:17]
Jessica
Whatever you think of Mr. Mamdani in New York, it's hard to miss the same message from the Trump victory is the same message from, I think his victory, which is cost of living in.
- [02:29]
Kennedy
The economy, is the driving issue for the average person.
- [02:32]
Ryan Reynolds
It's just not always driving the conversation.
- [02:35]
Jessica
Among like political elites.
- [02:38]
Emily Campagno
But the Democrats should be weary of the socialist siren song because it's already been proven to be a failure. A community owned grocery store in Kansas City, Missouri is on the brink of closing and this shopper says, get ready for empty shelves.
- [02:52]
Ryan Reynolds
I walk in there, I'm pretty sure you walked in there. There's no meat, there's no vegetables, there's no nothing. Are you gonna take care of the community that's surrounded around you? If not, sell the store to someone that can be more responsible.
- [03:08]
Emily Campagno
What a novel idea, Greg. Actually listening to someone who represents the community themselves rather than an ideologue and an anti Semitic to boot.
- [03:16]
Ryan Reynolds
Yeah.
- [03:16]
Greg Gutfeld
You know, he wouldn't denounce Hamas, but asking a militant to denounce Hamas is like asking a priest to denounce God, because that would crush their entire oppression filter. There could be no way that the oppressed can be evil, because that collapses everything. You know, if you say Hamas are terrorists and not freedom fighters, then what are you doing? If you say murderers are heinous criminals and not victims of centuries of oppression, then where is your ideology? If you. If you cannot. We're trying to apply the same moral framework that we abide by to them, but if we do that, then their justification for violence dissolves. It used to be that illegal actions had no context whatsoever. They were just illegal. But the left, I would say, starting in the 60s, created an entire ideology that excuses criminology based on your intentions. And you split the population into oppressors and the oppressed. And if you're the oppressor, then it's open game. And because you know better and you mean well, you can stop traffic, you can deface art, you can tear down statues, you can bully and mob Jewish students on campus because you know, when something is evil, everything is on the table. You can do whatever you want.
- [04:40]
Ryan Reynolds
This.
- [04:41]
Greg Gutfeld
It's the same mentality that almost got Trump killed. This guy could not say Hamas is evil because if he did, then where would his ideology be?
- [04:49]
Emily Campagno
And how. How is it, okay, that these Democratic lawmakers are cozying up to this person that. Greg has described me as a. He's a monster. I mean, come on. And that this is who they're taking their photo ops with instead of. What about the angel families? You know, between him and Kilmar Abrego Garcia, who's next on their performative virtue signaling tiktoks?
- [05:09]
Jesse Waters
You'd have to ask Jessica. I don't know why they do that. They don't have to do that. Anytime Trump does something to anybody, it just makes him a victim. And then they have to then come and embrace that victim. But you look at this guy, he likes Hamas, and they have every right to get rid of him. US Law says that the United States government can deport a foreign national who's in this country if they're Interfering with our foreign policy. So if this guy is inciting violent pro Hamas riots at Columbia University Ivy League school in the biggest city in the country, the biggest media market in the country, that absolutely undermines our negotiations. We're trying to get American hostages returned from Hamas. It undermines our authority the way we want to project unity in the Arab world. When you have this guy lighting stuff up in this media market, you absolutely can give this guy the heave ho. I don't know why they didn't do it earlier. You know, the other guy, the commie, he wins this election and everyone's like, wow, this guy is, you know, he's dialed into these bread and butter kitchen table issues. He goes on CNN and he says he's got a problem with capitalism, and then he flies to Africa for a week and a half, and the entire media is just hammering this guy for government run grocery stores, for saying he was black and he's out of town. And so it's just. It's political malpractice. You're a fresh face and you just disappear to another country for a week and you're supposed to be mayor of this city. It's crazy. I would never have let him do this trip.
- [06:51]
Emily Campagno
Jessica, when did the reframing occur here by the Democrats? It sort of reminds me of, you know, that house burglar that the homeowner set up a trap for the burglar, and then he ends up suing them because he got hurt breaking into the house. You know, this guy is suing the city for leading these anti Semitic protests, breaking all the Columbia's rules, breaking New York City stools, and somehow he becomes the victim and the hero against all odds and against what I thought were the Democrat party's principles.
- [07:19]
Charlotte
Well, he's suing DHS. He's suing the government for $20 million for the false imprisonment, the treatment that he got. And a judge, to Jesse's point where you say he obviously is a threat to the United States foreign policy, Judge thought otherwise, which is why he's out there. And he's able to do an interview on CNN to the point about Mandani going to another country. He's going to the place that he spent the first seven years of his life, and he's celebrating the rest of his marriage. He's a newlywed and he's doing that. And whether I would have done that myself if I had just pulled off one of, you know, one of the more interesting upsets in recent political memory, I'm not particularly sure. But what he made sure to do before he left was thinking film. Another very slick, very good social media video that you're going to hear my detractors saying all the things that Jesse just said. And he pulls all of these tweets and posts up that says they're going to call me this. All these people said, go back to Africa. Well, you got your way. But sorry, guys, I'm going to be back, and then I'm going to keep campaigning, and then I'm going to become your mayor. In terms of Mahmoud Khalil, he said in one of the interviews, you know, we could have communicated better. We could have built bridges with more people. That feels like the understatement of the century. And if he had led with that kind of rhetoric, we probably would be in a very different place. We all believe in the First Amendment. We believe in your right to peacefully protest. But the question is, as we go into this mayoral election, I think Mamdani should get this question posed to him in exactly this way. The campus protests were warring in the same way that they were last spring. Whose side would you have been on? Would you have made sure that those Jewish students could get to their dorms, to chabad, to the library, to the cafeteria, anywhere that they want to go, the same way that any other student on that campus, especially one from a protected class, would have the right to? And for me, as a New Yorker and as a Jew, that's what I want to hear the answer to.
- [09:19]
Emily Campagno
Yeah, because a slick video. Kennedy doesn't excuse or eclipse by any means being anti Semitic. No.
- [09:26]
Kennedy
And it's a wonderful way to appeal to people who feel like they are entitled to free speech stuff. But you know what I really want Mamdani to be pressed on is what happens when your plans fail. You know, and you look at that woman from Kansas City, you assume that she's a mom, you assume she's trying to feed her family. And when you've got people who are butted up against empty shelves and dismal job prospects, they're not necessarily going to turn to socialism because you don't have to talk about North Korea, you don't have to talk about the failed Soviet Union, to learn when communism and socialism were deadly and failed people. You can go to the Midwest. I'm sure they had great intentions with the state run grocery store. But that is exactly what follows when you have a statist view of the world where the government provides everything, and they provide everything because they take everything from taxpayers whom they have demonized. So how is that woman in Kansas City who can't feed her family? How is she ever going to be part of the 1%? You know, she is going to be held down and oppressed by socialism if that continues to flourish in these cities. And you know, I have to tell you, I was not impressed that he went to Africa because the last time a big city politician went to Africa, Los Angeles burned to the ground.
- [10:48]
Emily Campagno
Well, New York is next to proverbially all right. At any moment, President Trump is about to give a huge speech on AI. But coming up next, Barack Obama has 47 on the mind. He's hitting back over claims he committed treason.
- [11:01]
Charlotte
Stay with us.
- [11:16]
Ryan Reynolds
Okay?
- [11:17]
Jessica
Running a business comes with a lot of what ifs. But luckily, there's a simple answer to Shopify. It's the commerce platform behind millions of businesses, including Thrive Cosmetics and Momofuku. And it'll help you with everything you need, from website design and marketing to boosting sales and expanding operations. Shopify can get the job done and make your dream a reality. Turn those what ifs into sign up for your $1 per month trial@shopify.com specialoffer there is irrefutable evidence that detail how President Obama and his national security team directed the creation of an intelligence community assessment that they knew was false. They manufactured findings from shoddy sources. They suppressed evidence and credible intelligence that disproved their false claims.
- [12:13]
Kennedy
Go shoddy. It's your birthday. DNI Tulsi Gabbard taking to the White House podium, laying out what she's calling a treasonous conspiracy, claiming former President Barack Obama greenlit an intel probe into Trump back in 2016, but based it on bogus info like the phony Steele dossier. Director Gabbard says she sent criminal referrals to the DOJ and FBI. And yes, Barry oh is on the list. She's also pushing back on the narrative that Russia was rooting for Trump to win, pointing to a declassified House intel report that claims Moscow had compromising info on Hillary's health. Watch.
- [12:54]
Jessica
This report shows Putin held back, leaking, held back from leaking compromising material on Hillary Clinton prior to the election, instead planning to release it after the election to weaken what Moscow viewed as an inevitable Clinton presidency. There were high level DNC emails that detailed evidence of Hillary's psycho emotional problems, uncontrolled fits of anger, aggression and cheerfulness. And that then Secretary Clinton was allegedly on a daily regimen of heavy tranquilizers.
- [13:27]
Kennedy
Wow. Yeah, John Podesta felt that on election night, huh? Former President Obama hitting back at the calls that he be criminally investigated, saying, quote, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response, but these claims are outrageous enough to merit one. Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes. End quote. All right, so Jessica, some of the information that has been declassified is very compelling. Now, the Obama statement is making it look like, well, these were just some Discord QAnon chats. But when you have the former director of the CIA pushing back against high level operatives within his agency, saying there is no there there, and he's like, let's find it there, isn't that problematic enough for Obama and at least some in that realm to worry about?
- [14:30]
Charlotte
No, I actually don't think that anybody is sweating any piece of this. First and foremost, Barack Obama now has immunity for every single thing that he ever did because that's how Trump wanted it and the same thing will apply to him. So end of story. Kelly o' Donnell asked about this in the press briefing room. Caroline Levitt was unprepared for that question. She should read up on all the things that Trump wanted. I am excited for if it happens, it'll be primetime entertainment. The cage match between Tulsi Gabbard and Marco Rubio because Marco Rubio was the lead senator on the bipartisan Intel Committee and their report found Moscow's intent was to harm the Clinton campaign, help the Trump campaign after Trump became the presumptive nominee and undermine the US Democratic process. That is the same thing also that Tulsi Gabbard spoke to when she was on Joe Rogan's podcast in 2018. There's also video footage of Barack Obama himself saying it, saying that no machines were altered, they did not hack the infrastructure, but they tried to do an influence campaign, which we have all acknowledged. Sometimes I think like what day is it? What year is it?
- [15:33]
Kennedy
Democrats, what have all you said?
- [15:35]
Charlotte
We, we've all acknowledged, well, Marco Rubio I believe is a Republican and he's one of the more important ones. He has 85 roles in the administration and he was the lead Republican who found that as well. This is such old news. It's beyond comprehension that we're talking about. And I understand that this Epstein situation is very tricky for the administration and day by day it gets worse and worse and worse. But they are pulling out all of the greatest hits to try to inflame the minds of their most conspiracy theory addled base so that they hear Brennan clapper Obama, Hillary, and they get activated and suddenly they won't be mad at Trump anymore for not releasing the Epstein files or whatever he had to do with any of it.
- [16:16]
Ryan Reynolds
I.
- [16:16]
Charlotte
It's preposterous that we were talking about Hillary Clinton's emails again in 2025.
- [16:22]
Greg Gutfeld
We spent years. No, let me. You. We had to take this story seriously for years, and it was false.
- [16:31]
Charlotte
It wasn't false.
- [16:32]
Greg Gutfeld
No, no, no. For people to understand what happened. All right? Because the problem with this story is that nobody knows what you're talking about. When Trump won in 2016, the intel community concluded that Russia didn't have a hand in his victory. Instead of accepting the inc, Obama determined and wanted a new conclusion. So he sent Brennan running to come up with a new collusion, that there was some kind of trivial involvement that then they could feed out to the media. And coincidentally, dozens of news organizations said that Trump was in bed with Putin and that somehow Brennan knew. Brennan knew. How did he know? There was no proof.
- [17:10]
Ryan Reynolds
There was no proof.
- [17:11]
Greg Gutfeld
There was no proof.
- [17:12]
Charlotte
Why did Durham do nothing there?
- [17:13]
Greg Gutfeld
But no, let me finish. They amplified a false conclusion that Trump colluded with Russia in 2016. We had to spend years dealing with that, and now we're actually getting investigation and you're saying no, you know what? You guys should just move on. You guys should just move. Don't you say the same effing thing about Biden's brain. You guys spent four years telling us that Joe Biden was fine. You covered up for an invalid. And then when we get the truth, it's like, you know what?
- [17:44]
Ryan Reynolds
It's time.
- [17:44]
Greg Gutfeld
We got to look forward. We got to start talking about what's there. And you can bring up Epstein all you want. We, unlike Democrats, we can handle two things. Three things, four things at once.
- [17:54]
Charlotte
We doesn't see.
- [17:56]
Greg Gutfeld
No. Have you been listening to the right lately? The right is more on top of Epstein than the Democrats are. The Democrats never cared about Epstein until they saw political motivation. The right was into the Epstein story because women were being sexually traffic. We actually cared. But now you're like Epstein a political angle. Ooh, this is fantastic. Save me your selective outrage.
- [18:21]
Kennedy
Well, I will, because we've got a Fox News alert. President Trump now addressing a major AI summit in Washington.
- [18:28]
Ryan Reynolds
Let's listen up here. The brain power. The greatest power of them all. The brain power. Well, I'm thrilled to be here with so many tech leaders and Luminaries as we take historic action to reassert the future which belongs to America, always has belonged to America. We just lost sight of it on occasion. And I just want to start by stating that we've just concluded our big trade deal with Japan and numerous other countries in addition, as you know. But on the Japan deal, because it was literally just signed. Letter was just signed. It gives us a sort of signing bonus. I'll bring it into Sports talk. A signing bonus. Like you have signing bonuses, too, I understand. Getting a lot of money. 100 million. That's not bad. But that's not as good as the signing bonus we got. We got a $550 billion signing bonus for the country. We had the tariff at 25%, as you know. We had a tariff at 25%. And this was. These are great people that we negotiated with. But we agreed to reduce it to 15 based on the fact that Japan has agreed for the first time ever to open up its country to trade so that all of our American businesses and business geniuses, including many in this room, can go out and do business openly and freely in Japan, a very rich and prosperous and profitable and wonderful country, frankly. And we will pay a zero tariff as we do business in Japan. So we're paying zero. They're paying 15. We're getting $550 billion, and to be exact, it's 90% of that. But we control the whole lot of it. And it's really been great. And they're very happy. And their stock market went up and our stock market went up. And that's supposed to be the way it is. Ours went way up and this went up. And we've made numerous other deals like that. But the opening up of a country is very important to us. We have numerous countries that have opened their doors, just made some incredible transactions. But we're going to have a very, very simple tariff for some of the countries. Have so many countries, you can't negotiate deals with everyone. So we'll have a straight simple tariff of anywhere between 15 and 50%. A couple of. We have 15 because we haven't been getting along with those countries too well. So we just say, let's pay 50, and that's the way it is. But remember, we get countries that were closed, always closed. Everyone in this room would never remember any of them to be open. We. We've offered such a deal to the European Union, where we're in serious negotiations. And if they agree to open up the union to American businesses, then we will let them pay a lower Tariff. So the tariff is very important. But the opening of a country, I think, can be more important if our businesses do the job that they're supposed to be doing. Such openings are worthy of many points in tariffs. And they're a good thing not only for, as an example, Japan or Europe, but certainly a great thing for America because it allows our businesses to go out and fairly compete and do really well if they compete properly. Like the people that I know. Everyone in this room, practically, I know, has competed very successfully. I haven't seen any. And I know the losers, just like I know the winners. I tell you, I don't see any of the losers here. But now, if some of the countries that pay 25% or more on autos complain, remember that Japan was willing to pay up front the $550 billion for that privilege of negotiating with the United States of America. We also made a deal yesterday with the Philippines and Indonesia, which in both cases will be opening up their country. And we're in the process of completing our deal with China and as you know, the uk we made a deal. It was a very good deal for everybody. Everybody's happy. It's always nice when everybody can be happy. But mostly we'll be charging straight tariffs to most of the rest of the world because we have over 200 countries. People don't realize it's a lot of. That's a lot of deals. Even if you're, like me, a deal junkie, that's a lot of deals. That would be too much for anybody who. How did we do with this country that I never heard of? We got a lot of. We got a lot of deals cooking. But America is taking in hundreds of billions of dollars like it never has before, investments into our country at the highest point ever in history. And we've just really been opened up for business for three of the six months. The first couple of months, we got ourselves all set, done a great job with our military. As you know, you saw that two weeks ago when you saw the way those incredible B2s flew into Iran and took out an entire nuclear potential deadly force. But I want to thank some of the incredible people that I see before me, including White House Aizar David Sachs. He's been great for organizing this very important summit and especially for putting it in D.C. where it's a little bit easier. I don't know if it's easy for you, but it's a hell of a lot easier for me. Along with his colleagues at the all in podcast, which is very good. I Did that podcast a year and a half ago and I said, this is something. It was pretty new, pretty raw. Everybody I knew saw that podcast. I said, well, he's got something pretty good. Who is that guy? He's a smart guy. By the way, I think if I ever get in, which at the time people were saying I had a shot. Not as good a shot as it turned out. We won in numbers that nobody believes. We won every swing state. We won by millions and millions of votes. Winning the popular vote, we won with the districts, as they would call them, 2,750 to 505. And that's why the map is almost completely red except for a couple of little blue areas on each side of it. But it was a great experience, frankly for me and hopefully it's a great experience and been a great experience for our country because they're saying we had the greatest six months that a president has ever had. The opening six months. And I'm not even sure maybe six months. I'm not sure it's the opening, but let's call it the opening six months. It sounds a little bit nicer. I want to also say hello and thank to Chamath and his wonderful wife Nat. Thank you very much for being here. Thank you very much. It was great seeing you again. Great couple. David Friedberg and even, as we know, Jason Calacanis. I say even. Thank you, Jason. Thank you, Jason. I appreciate that. Yeah, he's a good person. Thanks as well to the Hill and Valley Forum and our future under Secretary of State Jacob Helberg. Stand up, Jason. I met him a year and a half ago and I was very impressed. I said, let's bring him in. We bring in a lot of smart people. And David's been unbelievable as the job he's doing. Along with secretaries. Doug Burgum, who's been incredible. Doug, thank you. Thank you, Doug. Great job. He's. He's producing low cost energy. We're down to $64. I want to get it down a little bit further if we can. I don't know if the oil companies love that or not, but we want to have very inexpensive electricity so that you can power up the plants because you need more electricity than any human beings ever in the history of the world. When I heard what you really need, I said, you got to be kidding. Double what we produce right now for everything, right? I don't know. You get a Jensen. You're going to have to explain that to me someday. Why they need so damn much. Could you do with a Little bit less. My father always used to say, turn off the lights, son, but you guys are turning up the lights. I want to thank Howard Lutnick for doing a terrific job. He was involved in the big deal that we just completed with Japan. Howard, wherever you are. Howard. Where is Howard? Hi, Howard. Great job you did. Appreciate it, really. That was an interesting negotiation, wasn't it? These are tough people. These are good negotiators, I will tell you. Japan. But they love their country and they do what's right for their country. I want to thank Chris Wright, if Chris is around. Chris is here because he's helping with the tremendous energy success that we're having. We're having tremendous energy success. We're the biggest. We have more energy than anybody else in the world. Nobody knew that until I came along, but we have more energy than anybody else in the world. We're making incredible deals on energy, including deals in Alaska, where we sort of. That's the mother lode. That's the big one. And we're making deals with various Asian countries that need it. And it's actually hard to believe. You don't think of it, but Asia is very close to Alaska, relatively speaking. It's not the closest, but it is pretty much the closest when it comes to oil and gas and energy. And we're making some incredible deals. And I want to thank Chris. Chris's fantastic works in partnership, really, with this gentleman who's the head of all of. You've got the land and he's got the energy. Right? But you really. They formed a great partnership, Doug. So that's one of the greatest partnerships I've seen in a long time. They work hand in hand, and they have done a great job. Administrators. Kelly Loeffler, I think, is here. Kelly, thank you very much. Hi, Kelly. Thank Kelly. And probably the most important man in the room, and I say it in all sincerity, more important than Doug and Chris and all that energy they're producing. He's a man that produces fast permits on the environmental impact statements. He gets them done. I said, lee, you have one week, one week for nuclear, and you have a couple of days for oil and gas, okay? For the approvals. And we kid, but, you know, he really is. He's knocking them out fast. He's knocked out a lot. A lot of you guys have started your plants already, and you've already had your approvals. So where is Lee Zeldin? Is he here? He is so great, this guy. He is so great. That's why he has a slightly Better seat than I gave to Doug. You see now he's doing a fantastic job in a lot of ways, but he's doing a great job and he's getting fast permits and safe and good and everything else, but he's moving them along rapidly already given some. And you know, one of the most exciting things we'll talk about in a second is the fact that you're going to build your own electric producing plants. When you build whatever you're building, and it could be, it's different things, including automobile factories which are going up all over the place. You'll see them starting soon. We're, they're moving into our country because of the tariffs, because they don't want to pay the tariffs. They're moving into our country at a record, a record speed. But the ability to build your own electric plant not having to rely on a 100 year plus old grid. And then if you have electric capacity extra, you're going to sell it into the grid, make some money, but you'll sell it right back into the grid. Director of the Office of Science and Technology Policy, Michael Kratzios. Michael, thank you very much. Thank you, Michael as well. It's supposed to be taking a vote right now. Big vote. Senator Ted Cruz. Is Senator Cruz here? Oh, look at my Senator, why aren't you voting? I think we lost David McCormick who's voting. So why aren't. Is David here? Because you're supposed to be voting, Ted. I don't know. I'll tell you what, this man works hard. Ted works hard and he works good. And a very special thanks to some of the top industry leaders here, including somebody that's amazing. I said, look, we'll break this guy up. This is before I learned the facts of life. I said, we'll break them up. They said, no, sir, he's very hard. I said, why? I said, what percentages of the market does he have? So he has 100%. I said, who the hell is he? What's his name? His name is Jensen Huang. Nvidia. I said, what the hell is Nvidia? I've never heard of it before. He said, you don't want to know about it, sir. I figured we could go in and we could sort of break them up a little bit, get him a little competition. And I found out it's not easy in that business. I said, supposing we put the greatest minds together, they work hand in hand for a couple of years. He said, no, it would take at least 10 years to catch him if he Ran Nvidia totally incompetently from now on. So I said, all right, let's go on to the next one. And then I got to know Jensen, and now I see why. Jensen, we used to end up. What a job. What a job you've done, man. Great. It's a great. He's a great guy, too. Lisa Su of amd. Lisa. Lisa. Thank you. Congratulations. Great job. Sham Senecar of Palantir. We buy a lot of things from Palantir. Where are you? Are we paying our bills? I think so. We just made a deal with the European Union where they're going to pay the United States of America 100% of the cost of all military equipment. They're going to ship it to the European Union and then they'll distribute it, and much of it will go to Ukraine. It's been a long time since you've heard those words because we're in for $350 billion. But now we send it to Europe and Europe pays. And they were great. We had a tremendous NATO meeting a few weeks ago, and it was pretty amazing, actually. What happened? They agreed to go from 2% to 5%, and they had 2% where they didn't pay. They have 5% where they've already paid. That's a big difference. That's trillions of dollars, actually. Trillions. But they're going to spend that money in the United States with our defense companies, and we're going to send it to them, and they'll distribute the equipment that we send. So that's the way it should have been three years ago, frankly. And Jeff Sprecher, the other half of that incredible family. Is he here? Is he here? He's a fantastic guy. International Intercontinental Exchange. And he's been a friend of mine for a long time. The husband of Kelly, who's really doing a good job. You are really doing a good job. Small business, which is actually big business if you add it all up right, it's probably the biggest bank there is, but they call it small business. And she's done a fantastic job. Thanks, Gil. Say hello to Jeff. As we gather this afternoon, we're still in the earliest days of one of the most important technological revolutions in the history of the world around the globe. Everyone is talking about artificial intelligence. I find that too artificial. I can't stand it. I don't even like the name, you know, I don't like anything that's artificial. So could we straighten that out, please? We should change the name. I actually mean that I don't like the name artificial anything, because it's not artificial, it's genius. It's pure genius. And its potential to transform every type of human endeavor and domain of human knowledge, from medicine to manufacturing to warfare and national defense. Whether we like it or not, we're suddenly engaged in a fast paced competition to build and define this ground technology that will determine so much about the future of civilization itself because of the genius and creativity of Silicon Valley. And it is incredible, incredible genius. Without question the most brilliant place anywhere on Earth. America is the country that started the AI race. And as President of the United States, I'm here today to declare that America is going to win it. We're going to work hard, we're going to win it. Because we will not allow any foreign nation to beat us. Our children will not live on a planet controlled by the algorithms of the adversaries advancing values and interests contrary to our own. We don't want to have contrary interests. We want to get along. And we'll get along with other countries. We're having a great relationship, as I told you, with those countries that we mentioned, with Japan and Indonesia and so many others, the European Union, we're getting along, we're getting along very well with China. A lot of respect for President Xi. We have a great relationship and we'll see how it all works out. But we're getting along with countries very. It's really been pretty amazing, I will say that. And it's a good thing. It's a good thing, not a bad thing. So from this day forward, it'll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence. Such an important thing happening. This is really something that nobody expected. It just popped out of the, popped out of the air and here we are. But we will defend our nation, our values, our future and our freedom, and it will be really great. But what we really need to be successful is a very simple phrase called common sense. And that begins with a common sense application of artificial and intellectual property rules. It's so important. You can't be expected to have a successful AI program when every single article, book or anything else that you've read or studied, you're supposed to pay for. Gee, I read a book, I'm supposed to pay somebody. And you know, we, we appreciate that, but you just can't do it because it's not doable. And if you're going to try and do that, you're not going to have a successful program. I think most of the people in the room, Know what I mean? When a person reads a book or an article, you've gained great knowledge. That does not mean that you're violating copyright laws or have to make deals with every content provider. And that's a big thing that you're working on right now. I know, but you just can't do it. China's not doing it. And if you're going to be beating China, and right now we're leading China very substantially in AI, Very, very substantially. And nobody's seen the amount of work that's going to be bursting upon the scene. But you have to be able to play by the same set of rules. So when you have something, when you read something, and when it goes into this vast intelligence machine we'll call it, you cannot expect to every time, every single time say, oh, let's pay this one that much, let's pay this one. Just doesn't work that way. Of course you can't copy or plagiarize an article. But if you read an article and learn from it, we have to allow AI to use that pool of knowledge without going through the complexity of contract negotiations of which there would be thousands. For every time we use AI, we also have to have a single federal standard, not 50 different states regulating this industry of the future. And some people would say, gee, that's an unpopular thing to say. I was told before I got up here, this is an unpopular thing because some people, they don't want that. But I want you to be successful. And you can't have one state holding you up. You can't have three or four states holding you up. You can't have a state with standards that are so high that it's going to hold you up. You have to have a federal rule and regulation. Hopefully you'll have the right guy in this position that's going to, that's going to supplant the states. If you are operating under 50 different sets of state laws, the most restrictive state of all will be the one that rules. So you could have a state run by a crazy governor, a governor that hates you, a governor that's not smart, or maybe a governor that's very smart but decides that he doesn't like the industry and he can put you out of business because you're going to have to go to that lowest common denominator. We need one common sense federal standard that supersedes all states, supersedes everybody, so you don't end up in litigation with 43 states at one time. You got to go litigation free. It's the only way. And we also have to watch Europe, Asia and all foreign countries so that they don't make rules and regulations that likewise make it impossible for you to do business and where you'd have to make everything in AI cater to them, because again, you'd have to cater to the toughest country or to the toughest state. You can't do that because it would ruin it. I just terminated all of the, as an example, California car emissions rules, which were a disaster. A disaster. Cost them. It cost them just billions of dollars as an industry, but thousands of dollars per car. The emission rule standard, because they were making the production of an automobile almost impossible and at a tremendously higher cost. Much more expensive than it should cost for very little gain, for actually, in my opinion, negative gain. The automobile was worse. Under this administration, our innovation will be unmatched and our capabilities will be unrivaled. And with the help of many of the people in this room, America's ultimate triumph will be absolutely unstoppable. We will be unstoppable as a nation again. We're way ahead and we want to stay that way. We can't let individual smaller units stop it, because that's the only thing that can stop it and can really mess it up. As with any such breakthrough, this technology brings the potential for bad as well as for good, for peril as well as for progress. But the daunting power of AI is the really. It's not going to be a reason for retreat from this new frontier. On the contrary, it is the more reason. We must ensure it is pioneered first and best. We have to have the best. The first pioneer. We are the best and the first pioneers. And we're going to be really putting a nation that we love, America. We're going to be putting it first. I have an expression. America first. Make America great again. A lot of great expressions, but they're all so true. Make America great again. We're going to make this industry absolutely the top. Because right now it's. It's a beautiful baby that's born. We have to grow that baby and let that baby thrive. We can't stop it. We can't stop it with politics. We can't stop it with foolish rules and even stupid rules at the same time. We want to have rules, but they have to be smart. They have to be brilliant. They have to be more brilliant than even the technology itself. Surely there will be challenges on the path ahead, but together we will meet them and transcend them all. We are Americans. And we are Americans first. I have a couple of people I know that don't happen to be from here, but I wish you a lot of luck. Anyway, I was looking at three people that are not Americans, but they're very good people. Please treat them nicely. But we do not shrink from the future or cower in the face of uncertainty. We dominate the future. We conquer new frontiers and we control our own fate. And we determine by doing that our own destiny. Winning this competition will be a test of our capacities unlike anything since the dawn of the space age. Believe that. It's hard to believe as a. As the President, the amount of enthusiasm for this one industry. I mean, I can talk about cars where we're doing incredibly well. We have car companies moving in all the time, But I talk about other industries. Everybody's saying this is going to dominate the world, going to dominate every industry that ever conceived. I don't know if that's true. I don't know if it's true, but I can tell you that a lot of very brilliant people think it is true. It'll dominate everything. It will challenge us to marshal all of our strength and flex the muscles of American ingenuity and resolve like probably never before. It will require us to blast through obsolete systems, cut through thickets of regulation. We've got to get rid of some of the regulation, but we want good regulation and rebuild the industrial bedrock of our country. And perhaps most importantly, winning the AI race will demand a new spirit of patriotism and national loyalty in Silicon Valley and long beyond Silicon Valley. For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that. Everybody knows that. Everybody in this room certainly does. Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home under President Trump. Those days are over. We need US technology companies to be all in for America. We want you to put America first. You have to do that. That's all we ask. That's all we ask, to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI Action Plan. Big stuff. Signing it right after this. In fact, I see it sitting right there. Maybe I should just sign it right now. Who the hell has to make the rest of this speech? Right, but here are the pillars of the strategy. First, my administration will use Every tool at our disposal to ensure that the United States can build and maintain the largest, most powerful and most advanced AI infrastructure anywhere on the planet. America needs new data centers, new semiconductor and chip manufacturing facilities, new power plants and transmission lines. And under my leadership, we're going to get that job done. And it's going to be done with certainty and with environmental protection and all of the things that we have to do to get it done properly. Virtually all of these large capital investments can be and should be made by the private sector. And they want to do that. They just want to be able to do it. But for that reason, America must once again be a country where innovators are rewarded with a green light, not strangled with red tape so they can't move, so they can't breathe. And that's not going to happen. You're going to see things that you've never seen in this country before. So often, and I've been watching for many years, I've watched regulation, I've been a victim of regulation, a zone change that takes six years for a building in Manhattan or whatever. But I was good at zone changes. But it took a long time. By the time you got the zoning, the market changed, you didn't want to build the building. You say, well, but in some cases that made you lucky, didn't it?
- [47:42]
Charlotte
Huh?
- [47:43]
Ryan Reynolds
Some could not. Too many people understand that in this room. But in some cases, waiting for that approval as the market collapsed was a good thing, not a bad thing. But it's time to reclaim our heritage as a nation of builders. And that's why upon taking office, I signed a historic executive order directing that every one, and this is so important, for every new regulation, 10 old regulations must be immediately eliminated. So we have old regulations that clog up the books that don't even mean anything anymore. You know, in my first term I had more regulation cuts than any president in history times four. And that included two term presidents where you're talking about eight years we had more than any other president. And I think we may even top it this year. We may very well be able to top it during this period of time because you're really, you are a regulation prone group. And we're looking to get those regulations out of your way so you can use your genius. Earlier this month we also enacted the largest tax cuts in American history. When I signed the one big beautiful bill into law. And I think the most important thing in the whole tax cut in terms of pure economics. And I think one of the reasons that my first, you Know, we had the most successful economy in history during my first term. And I think this is going to blow it away. So far it is, and I think this is going to blow it away. But the reason we had was I had expensing at 100%. And what we did is we included 100% in this bill expensing for all capital expenditures, including investments in factories and equipment and structure. Structure wasn't included last time. So even structure. And you're able to write it all off immediately. That's the biggest thing. Not 38 years, not 42 years. You're able to write it all off immediately. And this time we've made it for 10 years. Not for one year, we've made it for 10 years. So you have a much longer period. But I'd say get out and take advantage of it. I think that's one of the reasons that we had such an incredible success with the first tax cuts. And one of the things that this bill does is it extends the first tax cuts and makes them permanent. And in addition to that, we were granted other taxes like no tax on tips, no tax on Social Security, no tax on overtime. A lot of great things. One of the things that I mentioned, not so pertinent here, but if you're in the automobile business, it's pertinent. I said, why is it that people like us always are looking for expenses and deductions and people that buy automobiles that really have to go out and borrow money to buy a car, why aren't they allowed to deduct the interest on their loan to buy a car from their income tax? And we got it approved. We got it approved. And that is such a big thing. And I think that's going to be such a big thing for the automobile industry. We're going to be making more cars within a few years. We're going to be making more cars than we made in the very beginning in the super Prime. You know, we lost almost 50% of our automobile business to Mexico, Canada and various other places, as you know, in Europe, in Asia. And now we're getting it back. We're getting it back in record numbers. And I think we're going to be topping any amount in a few years. We'll be making more automobiles than we've ever made in the history of our country, including what I call primetime. My administration is also pursuing a future of all out American energy dominance. And on day one, I terminated the Green New Scam. You know what that was? You were all victims to it. Perhaps the second or third greatest scam in the history of our country. I would say the first was Russia, Russia, Russia. And we had a couple of others, too. But the Green news scam was one of the greatest. It's. It's so ridiculous what they've, what they've made you do. The carbon footprint. They talked about the carbon footprint. And then Obama hops onto a 747 Air Force One and flies to Hawaii to play a round of golf and comes back. What about the carbon footprint? No, we didn't. We didn't like that. And what Biden has done is absolutely terrible. He made it impossible, almost impossible, for people to do business, not even talking about the border, where millions and millions of people float into our country, many from prisons, from jails, from gangs, from mental institutions all over the world. No, we're not doing that. We have to get them out. We got 11,888 murderers, many of them committed more than one murder, many of them, more than 50%, committed more murders. We're getting them out of our country, or in some cases, they're so bad, we're not getting them out, we're having to lock them up because we don't want them ever to come back, no matter how good we're doing. You know, last month you probably read we had zero people enter our country illegally. And over the last number of years, you'd have hundreds of thousands, literally hundreds of thousands of people a week pour into our country totally unvetted and unchecked. And what the hell were they thinking? What they've done to our country is so sad and we can never forget it, but we're unleashing all forms of energy, including natural gas, oil, and clean, beautiful coal. I instructed my people in the form of Chris and Doug. In particular, you are not allowed to say the word coal without saying clean, beautiful in front of it. You can only say clean, beautiful coal. It's a little embarrassing because we had somebody making a speech the other day, right? And he mentioned the word coal about 30 times because that was the subject. And he kept going, clean, beautiful. I wanted to say. Okay, just take it easy. You could just got a little bit crazy, right, Doug? But it's, you know, China's using it. They're building now 57 big power plants, all fueled by coal. And we have to compete, we have to win. And we're going to have clean, beautiful coal, but we have more coal than any. We have more anything in terms of energy than anybody. Oil and gas. We also have more coal. In May I also signed an executive order to rapidly begin construction of safe, reliable nuclear reactors.
- [54:14]
Emily Campagno
So that was the President of the United States. He's giving remarks at the AI Summit. And today he announced that he wanted to lead the worldwide in artificial intelligence by lowering regulations and removing a lot of ideological checkpoints. And this included about 90 recommendations. And part of that included boosting AI exports to allied countries, blocking federal support for states with AI bottlenecking laws, loosening oversight on new data centers and semiconductor manufacturing. Manufacturing and the key components really include accelerating domestic AI innovation, building a national AI infrastructure, and asserting global AI leadership and pulling government contracts from AI firms judged ideologically based. So a lot to unpack, a lot of exciting new ventures. And he referred to it as a. The birth of a baby is in.
- [55:02]
Jesse Waters
Its infancy stage, and you have to let it thrive and you can't overregulate it. And you have to support it with definitely boosting electrical transmissions, power plants, and everything we need to do with the grid. But he says we're going to win the race for artificial intelligence. Although he doesn't like the name artificial intelligence, we're going to rebrand artificial intelligence into something else. He doesn't like the word artificial.
- [55:26]
Greg Gutfeld
Can I give you the suggestion?
- [55:27]
Jesse Waters
What would you like?
- [55:28]
Greg Gutfeld
Okay. You want to still keep AI, Call it American Intelligence.
- [55:32]
Jesse Waters
American Intelligence.
- [55:34]
Greg Gutfeld
You just brand. Not only did you brand it, you're now first. This is American Intelligence. You're welcome.
- [55:40]
Emily Campagno
Brilliant. Brilliant. Kennedy.
- [55:41]
Kennedy
Yes. It's like the Australian system of mail in voting. It sucks, but Australia's really fun.
- [55:48]
Ryan Reynolds
Yeah.
- [55:49]
Kennedy
I think he got together with RFK Jr. And he was like, Mr. President, artificial. It's bad.
- [55:54]
Charlotte
It's out.
- [55:55]
Kennedy
No dyes, no artificial perfumes, no artificial sugar. So it's going to be called cane sugar intelligence.
- [56:01]
Emily Campagno
And just all the, the global awards that have not really been won by Americans, like, this is sort of comes back to American innovation. It's an exciting origin point, I think.
- [56:13]
Charlotte
Okay. Yeah, I, I didn't get that part of it from what he was saying, but.
- [56:18]
Jesse Waters
Were you listening to what he was saying?
- [56:20]
Charlotte
For some of it, I was. I heard about all the fake trade deals again, so that was a good one.
- [56:25]
Jesse Waters
Okay. Because I was sitting next to you and you weren't listening at all to.
- [56:28]
Charlotte
What he said, were you? We were talking.
- [56:29]
Ryan Reynolds
I have notes snarking.
- [56:31]
Emily Campagno
Jackie, look, at the end of the day, Trump said protecting Earth was non negotiable. And that's exciting.
- [56:37]
Greg Gutfeld
You said end of the day.
- [56:38]
Emily Campagno
Oh, dang it. That's it for us, guys. Have a great night.
- [56:41]
Kennedy
It is time to take the quiz.
- [56:43]
Ryan Reynolds
It's five questions in less than five minutes.
- [56:45]
Jesse Waters
We asked people on the streets of.
- [56:46]
Greg Gutfeld
New York City to play along.
- [56:47]
Ryan Reynolds
Let's see how you do.
- [56:49]
Charlotte
Take the quiz every day at thequiz Box, then come back here to see how you did.
- [56:53]
Jessica
Thank you for taking the quiz.
- [56:55]
Ryan Reynolds
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