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- [00:01]
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- [00:30]
Olivia
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- [01:02]
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- [01:29]
Spanish Speaker
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- [01:47]
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- [02:22]
Political Commentator
Shahed drones and ballistic missiles striking in Ukraine all of last night. One of the biggest assaults yet on Kiev by Russia. Multiple other cities being hit by ballistic missiles and drones as well. Donald Trump promised There would be peace in Ukraine in 24 hours if he was elected. Yet another lie by Donald Trump. Right. He also promised that he would bring down prices in 24 hours. Yet another lie by Donald Trump. Take a look at your grocery store Folgers coffee. Last month $12.99. This month 90, $19.72. And goods across the board are more expensive based on Donald Trump's failed trade war against the world. Even in Fox's latest poll, Donald Trump's approval when it comes to inflation is down to 36%. As Spencer Akimian writes, Rupert Murdoch is going to get himself another lawsuit for publishing this data, isn't he? And while all of this is going on as Donald Trump's breaking this promise and that promise, he's making posts like this. This is what he posted.
- [03:28]
Spanish Speaker
Y it's time to indict Obama the traitor for treason.
- [03:33]
Political Commentator
You know how that makes our country look? Where you have someone like Donald Trump using his official presidential account to accuse a former president of treason and say.
- [03:43]
Spanish Speaker
Obama needs to be arrested. Or you know how weak and pathetic.
- [03:46]
Political Commentator
It looks when Donald Trump gives an interview and says, oh, I know I.
- [03:50]
Spanish Speaker
Said I would bring peace to Ukraine in 24 hours, but I was just being sarcastic. It was one big joke. No one actually took me seriously. I'm a comedian. I was being funny.
- [04:02]
Political Commentator
That's what Donald Trump had said recently. Here, play this clip.
- [04:05]
Olivia
I'm not understating the complexity of all this, but as a candidate, you said you would have this war settled in 24 hours.
- [04:13]
Donald Trump
Well, I was being a little bit sarcastic when I said that I would. What I really mean is I'd like to get it settled.
- [04:19]
Political Commentator
No, people do take you seriously. Here's what it looked like if you were living in Kiev last night. Here, play this clip. And here's what it looked like if.
- [04:34]
Spanish Speaker
You were trying to escape the attacks.
- [04:37]
Political Commentator
From Russia and you were outside and you were trying to take shelter from.
- [04:41]
Spanish Speaker
The massive Russian drone attack.
- [04:43]
Political Commentator
Here, play this clip. Yeah, Donald, this is the real world, okay? None of this is funny.
- [04:57]
Spanish Speaker
I mean your job as the commander in chief and President of the United States as sickening it is to me for you to hold that position is to at a bare minimum, behave like a freaking adult.
- [05:09]
Political Commentator
Here's what it looked like in Kyiv and cities across Ukraine last night.
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Spanish Speaker
Again, as anti aircraft and anti drone.
- [05:17]
Political Commentator
Missiles were shooting at these shahed drones.
- [05:20]
Spanish Speaker
Of Ukraine and ballistic missiles as Donald.
- [05:23]
Political Commentator
Trump has also deprived Ukraine of critical weapons. Here, play this clip.
- [05:35]
Spanish Speaker
You can't even stay awake. Donald you can't even stay awake. You are so sickly and weak and addled and pathetic. You can't even stay awake. Here you are next to Dr. Oz. Like, why the hell is Dr. Oz in our government at all? And you can stay awake as you're lying about lowering health care costs. You know how I know you're lying about lowering health care costs? Because you lie about everything. But I remember the post distinctly last May when you said to everybody, prices will go down immediately. I'm doing something called mfn, Most Favored nations, meaning America's health care costs of any prescription drug will now be the same cost that the pharmaceutical company sells to any country abroad. So whatever the lowest price is in whatever country, that's the price the pharmaceutical companies will have to make their product in the United States. By the way, if you did that, that would be great. But like all of your deals, it's a lie. There's no Most favored nation clause. Pharmaceutical companies didn't do that. And here you are at this health care conference with Dr. Oz, like, sleeping.
- [06:47]
Political Commentator
Here, play this clip.
- [06:48]
Spanish Speaker
A fraud war room using this kind of technology, because we'll know who you are and who your doctor is. We can block this. We're going to have remarkable advances in how consumers can use their own records. We'll have beneficiaries be able to get Maha advice.
- [07:02]
Political Commentator
And speaking of the Trump lies, here.
- [07:04]
Spanish Speaker
He is in an interview he gave yesterday, also saying that prices are down, everything is down. Inflation is defeated.
- [07:11]
Political Commentator
Here, play this clip.
- [07:12]
Donald Trump
You know, if you think inflation. I've already taken care of. Prices are way down for everything, groceries, everything.
- [07:18]
Spanish Speaker
Okay, inflation is not defeated. But what Donald Trump is doing and what the regime is doing, they are getting rid of the data that goes into cpi, the Consumer Price Index. Because if you don't do the testing, if you don't put in the data, in this case the data into cpi, Consumer Price Index. How do you determine inflation if the prices are going up or down? So the Trump regime is now just estimating what the inflation is. And I believe, just like with Donald Trump's job numbers, when it miraculously went from losing like 60,000 or 70,000 private sector jobs to gaining 147,000 jobs with government jobs in a matter of 48 hours. Call me crazy here, but I think the fraud and the criminal is behaving like a fraud and a criminal. Speaking of which, Donald Trump attacked MAGA Republican Senator Josh Hawley of Missouri at first because Hawley introduced a bill in the committee that he was in that Ban stock trading among senators, House members, and it applied to the president and vice president as well. And Donald Trump said, he's a second tier senator. Don't you dare do that. So then Holly said, all right, all right, all right. What if I exempt the president and the vice president for now, but future presidents and vice presidents will be subject, but Trump will let you grift away. Donald Trump's like, okay, I like that. And then Hawley changed the bill so that it now exempts Donald Trump and J.D. vance and they can engage in shady dealing. Here's MAGA Republican Senator Rick Scott from Florida, who was involved in the largest Medicaid fraud scam in American history at the time. That's how he got rich in criminally prosecuted. He invoked the Fifth Amendment like hundreds, hundreds of times. That's a pattern with these MAGA Republicans. This guy got rich. You want to know where waste, fraud, abuse and criming is this guy who invoked the Fifth for Medicaid and Medicare fraud when he ran his company, then got the golden parachute and left after the criminal prosecution and then parlayed that into a political career. Here's Tim Scott, utterly pathetic human being here.
- [09:33]
Political Commentator
Play this clip.
- [09:34]
Senator
So this idea that we're going to attack people because they make money is wrong. Is absolutely wrong. We should cherish all of our different backgrounds. Every one of us has a different background. I've got a business background, but what I was just accused of is making money. And somehow I can't do, I can't be fair and do things the right way. So I think it's disgusting what this, what is going on.
- [10:00]
Spanish Speaker
And again, speaking of Donald Trump just being so cognitively addled, Donald Trump can't even get his conspiracy theory straight. So a big push yesterday for the Trump regime, that's why ostensibly Trump was posting those things about Obama, is that there were burn bags. This is what the. They like the word burn bags. Like what a crazy word that the Obama administration had burn bags where they were getting rid of the evidence that they were trying to frame Donald Trump for. Russia, Russia, Russia, Russia. And they were in burn bags and cash. Patel, the FBI director, he found it in a secret room in the FBI and he found secret, secret burn bags. And the reporter asked Donald, they're all making this stuff up. He's trying to hide his relationship with Epstein and the disaster is raining on the economy, but Trump's asked about it. So what, what is up with these burn bags? And Trump's like, what? Burn what? Burn, burn, burn bags.
- [10:57]
Political Commentator
Here, play this Clip.
- [11:01]
Olivia
Burn bags of Russia hate materials.
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Spanish Speaker
And we'd love to get your thoughts on that.
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Donald Trump
He said what?
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Olivia
Russia gave materials.
- [11:08]
Donald Trump
I don't know. That. I don't know. I don't know what you mean by that. Statement say bags full of Russia burn bag. I thought you said appointed a man named burn bag.
- [11:19]
Spanish Speaker
Go ahead.
- [11:21]
Donald Trump
You got to speak up.
- [11:22]
Spanish Speaker
Thousands of documents and these bags supposedly burn bags. So then Donald Trump announced yesterday a purported trade deal with South Korea. And according to Donald Trump, South Korea is going to turn over the 24.1% of its entire GDP to the United States. I'm sure that's going to happen. He goes, 15% tariffs, and they're going to give $450 billion to the United States, and we're going to direct where that money goes. South Korea. South Korea's entire GDP is 1.1 trillion. They're not giving $450 billion to the United States. Same thing. Japan, $550 billion. Trump goes, It's a signing bonus. Japan says, ain't happening. The Europe Union, $750 billion. European Union goes, we ain't. We ain't doing that. You know, we. We can't give you guarantees. And here's the thing, folks. Let me make this very simple. Where's the deal? A social media post is not a deal. Let's just break this down in a very simple way. Trade deals should be on. I saw on cnn, you know, it was one of these, like, Trump apologists or these propagandists was speaking to one of the people, you know, it was like, well, what do you want to see on the deal? What do you want to see on the deal? You know what I want to see on the deal? I want to see the deal. Okay, let's start with the deal. I would like to see a piece of paper, the way deals happen in the world, with bullet points that describe what's happening that's signed by a party and signed by another party. What a novel concept. Signatures that is binding. I'd like to see that. Because right now these fake deals are screwing everybody, and no one has any certainty. Look at Ford's profits wiped out by tariffs. Ford's reporting a net loss of $29 million last quarter, compared with 1.8 billion in net income a year ago after being hit by more than $800 million from Trump's tariffs. Despite the fact that Ford manufactures most of its vehicles in the US the company relies on parts imported from outside of the country and was also hit hard by new fees from on steel and aluminum. So even Donald Trump's fake deals benefit car manufacturers in Japan and in the UK more than American manufacturers who need to get the parts from outside. Whereas UK and Japan, if it's truly 15%, they could actually export their goods here and the tariff is only 15%. So. Oh, and then Donald Trump announced, I'm imposing 50% tariffs on Brazil and I am placing sanctions on the judge and overseeing President Jair Bolsonaro's case, the insurrectionist in Brazil, because the Brazil government and judiciary is actually functioning. They're prosecuting their former president who engaged in a coup and insurrection to try to kill people in the government. What frankly our Department of Justice should have done with Donald Trump. But Donald Trump saying now it's 50%. Okay, well, as Spencer Kimian says, okay, so coffee, beef, sugar, oranges, iron, soy and more. Fantastic. Everybody enjoy your trips to Walmart. Let me just leave you with this right here. This is Chairman Jerome Powell of the Federal Reserve. He explains what's going on here.
- [14:40]
Federal Reserve Chair
Play this clip total PC prices rose 2.5% over the 12 months ending in June and that excluding the volatile food and energy categories, core PCE prices rose 2.7%. These readings are little changed from the beginning of the year, although the underlying composition of price changes has shifted. Services inflation has continued to ease while increased tariffs are pushing up prices in some categories of goods. Near term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs as reflected in both market based and survey based measures.
- [15:18]
Spanish Speaker
And he explains it again right here.
- [15:20]
Political Commentator
Play this clip Given the lags between when tariffs are announced and when they show up in goods prices, is two months a long enough horizon to evaluate the impact and be confident that tariffs aren't impacting the broader inflation process?
- [15:36]
Federal Reserve Chair
I think you have to think of this as still quite early days. And so I think what we're seeing now is substantial amounts of tariff revenue being collected on the order of 30 billion a month, which is substantially higher than before. And the evidence seems to be mostly not paid, paid only to a small extent through exporters lowering their price. And companies or retailers, sort of people who are upstream institutions that are upstream from the consumer are paying most of this. For now, consumers are. It's starting to show up in consumer prices, as you know, in the June report. We expect to see more of that. And we know from surveys that companies feel that they have every intention of putting this through to the consumer. But the truth is they may not be able to in many cases So I think we're just going to have to watch and learn empirically how much of this and over what period of time. I think we've learned that the process will probably be slower than expected at the beginning, but we never expected it to be fast. And we think we have a long way to go to really understand exactly how we'll be. So that's how we're thinking of it right now.
- [16:51]
Spanish Speaker
There you have it, folks. Let me know what you think.
- [16:53]
Political Commentator
Hit subscribe let's get to 6 million subscribers and thanks for watching.
- [16:56]
Spanish Speaker
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- [17:06]
Jim Ross
Episode of Grilling JR with Jim Ross is brought to you by Progressive Insurance. You chose to hit play on this podcast today. Smart Choice make another smart choice with Auto Quo Explorer. To compare rates from multiple car insurance companies all at once, try it at progressive. Com, Progressive Casualty Insurance Company and affiliates not available in all states or situations. Prices vary based on how you buy.