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Transcript

Donald Trump Today 4/1/25 · Gil I Am

• 0:05
  Speaker 1: But we are we have Liberation Day, as you know,
• 0:09
  Speaker 1: on April second.
• 0:10
  Speaker 2: President Trump has called Wednesday, April second, liberation Day. He
• 0:15
  Speaker 2: calls it liberation from foreign goods in the US markets
• 0:20
  Speaker 2: and making sure that US goods are what's being purchased
• 0:23
  Speaker 2: by consumers here. But we don't exactly know all the
• 0:27
  Speaker 2: details of what President Trump has planned. We don't know
• 0:30
  Speaker 2: which sector is going to hit, which countries, how high
• 0:32
  Speaker 2: the cost will go. We're we're told that it's still
• 0:36
  Speaker 2: in flux. Things are still being finalized, but we know
• 0:38
  Speaker 2: that if he goes through with this, it could have
• 0:40
  Speaker 2: a severe impact on costs for consumers. It is already
• 0:44
  Speaker 2: having an impact on the markets. So we are all
• 0:48
  Speaker 2: waiting to see the details of what exactly the President
• 0:50
  Speaker 2: Trump has planned. Well, we can look at the auto
• 0:53
  Speaker 2: tariffs that President Trump said would go into effect actually
• 0:56
  Speaker 2: on April third. He announced them earlier this month, and
• 0:59
  Speaker 2: we have independent economic analyzes, actually the one that comes
• 1:02
  Speaker 2: from the famed economists Art Laugher, he's actually one of
• 1:06
  Speaker 2: President Trump's favorite economists. In his own private analyzes, mister
• 1:10
  Speaker 2: Laffer said it could raise the prices of cars by
• 1:13
  Speaker 2: more than forty seven hundred dollars for consumers. Now, President
• 1:17
  Speaker 2: Trump says with his tariffs on cars, it could bring
• 1:21
  Speaker 2: more of the manufacturing back home. It would ultimately lower prices,
• 1:25
  Speaker 2: but Trump President Trump also says he doesn't care if
• 1:28
  Speaker 2: the prices go higher for a little bit, because it
• 1:30
  Speaker 2: means that ultimately people would buy American products, and that's
• 1:33
  Speaker 2: his goal here. I would watch for reaction from Republican lawmakers,
• 1:37
  Speaker 2: especially from these farm states. Tariffs, depending on how they
• 1:41
  Speaker 2: are shaped, tend to hurt farm states the most. And
• 1:44
  Speaker 2: these are Trump voters. So what are voters in Iowa,
• 1:47
  Speaker 2: South Dakota, Kansas and what are the representatives from those areas?
• 1:51
  Speaker 3: What are they going to say?
• 1:52
  Speaker 2: That's going to be a really interesting storyline to watch
• 1:54
  Speaker 2: in the next coming days and weeks.
• 2:01
  Speaker 4: President Trump was joined at the White House by Kid
• 2:04
  Speaker 4: Rock when Trump signed an executive order targeting ticket scalpers.
• 2:08
  Speaker 4: And now look who's here on this program now, the
• 2:11
  Speaker 4: man Kid Rock himself. So we're going to get into
• 2:14
  Speaker 4: ticket prices in a second. But first I want to
• 2:16
  Speaker 4: hear about your dinner with the President. What did you
• 2:19
  Speaker 4: Bill Maher and Dana White and the President talk about.
• 2:24
  Speaker 5: You know, it went so, it went so well, we
• 2:29
  Speaker 5: talked about a lot of things that we had in common,
• 2:32
  Speaker 5: with which Bill Maher is a big, you know, supporter
• 2:34
  Speaker 5: of Trump's stance on the border of ending wokeism. The
• 2:38
  Speaker 5: President even asked him about policy, like what he thought
• 2:41
  Speaker 5: with Iran getting a nuclear weapon and how Israel should react.
• 2:45
  Speaker 5: Bill's a big supporter of Israel. You know, we broke Bretton,
• 2:49
  Speaker 5: talked about things we had in common, and it could
• 2:51
  Speaker 5: not have been more cordial, more nice.
• 2:52
  Speaker 6: I think everyone was so pleasantly surprised.
• 2:55
  Speaker 5: I mean, it was so nice to have my friend
• 2:56
  Speaker 5: Dana White there and Dana goes, you know, he told me,
• 2:58
  Speaker 5: He goes, Bob, you did the right thing here. This
• 3:00
  Speaker 5: was a good thing because everyone was a little suspect
• 3:02
  Speaker 5: about it. Even the President had called me a few
• 3:04
  Speaker 5: days ago, so he goes, what the hell you got
• 3:05
  Speaker 5: me doing here? And I'm like, I'm just trying to
• 3:07
  Speaker 5: break bread with some of our biggest critics and say like, hey,
• 3:10
  Speaker 5: it's okay to talk to one another. You know, we
• 3:12
  Speaker 5: can maybe just maybe bring a little bit of civility
• 3:14
  Speaker 5: back to this country for reasonable people.
• 3:17
  Speaker 4: How do you make tight of friendship with Bill mah
• 3:20
  Speaker 4: because you're very different on politics.
• 3:22
  Speaker 5: I think, yeah, we've you know, thirty years ago when
• 3:28
  Speaker 5: he had a show Politically and Correct. It was the
• 3:29
  Speaker 5: first TV show I had really ever done early in
• 3:32
  Speaker 5: my career. And it's not like we stayed best friends
• 3:35
  Speaker 5: through that, but you know, he's had me on his
• 3:36
  Speaker 5: podcast and on his TV show, and I'm like, man,
• 3:39
  Speaker 5: this is good to go.
• 3:40
  Speaker 6: You know. It's it's easy for me to go on
• 3:42
  Speaker 6: Fox News.
• 3:43
  Speaker 5: Everyone's so friendly and so nice, and we kind of
• 3:45
  Speaker 5: aligned with our thoughts and ideas.
• 3:46
  Speaker 6: But I kind of like.
• 3:48
  Speaker 5: Going into the lions down a little bit and talking
• 3:50
  Speaker 5: to people who differ than me and seeing, you know,
• 3:52
  Speaker 5: where we can connect on things and just try to
• 3:54
  Speaker 5: be a little more civil.
• 3:55
  Speaker 6: I've been.
• 3:55
  Speaker 5: I've been one of the most polarizing figures out there.
• 3:57
  Speaker 5: I know that, but I'm like, hey, maybe we can
• 3:59
  Speaker 5: just try to be a little nicer to each other.
• 4:02
  Speaker 4: What the hell you're from Detroit, I believe, home of
• 4:05
  Speaker 4: the Big three auto make becerus.
• 4:06
  Speaker 7: I got that.
• 4:07
  Speaker 4: What do you make of Trump's tariffs on autos and
• 4:10
  Speaker 4: auto parts coming into the country.
• 4:14
  Speaker 6: I think it's great.
• 4:14
  Speaker 5: I think we should be making more of these cars
• 4:16
  Speaker 5: in Detroit. You know, I know they make the Ford
• 4:18
  Speaker 5: Raptor there and things, but I know there's other cars
• 4:20
  Speaker 5: that are you know, we designed them in Detroit, some
• 4:23
  Speaker 5: of the Big Three, and then the engines and they're
• 4:25
  Speaker 5: assembled in Canada or Mexico. And I think, I think
• 4:28
  Speaker 5: it's great for our auto workers, for everybody. For why
• 4:32
  Speaker 5: wouldn't we want and you know, and now now the
• 4:34
  Speaker 5: President's talking about, you know, giving people a tax break
• 4:36
  Speaker 5: if they buy a car that's actually built in America.
• 4:39
  Speaker 6: This is this is all great news for Detroit in
• 4:41
  Speaker 6: my opinion.
• 4:41
  Speaker 4: Did that come up with discussion last night.
• 4:46
  Speaker 5: No, we talked about that in the Oval Office a
• 4:47
  Speaker 5: little bit, but no. Dinner was a dinner was awesome.
• 4:51
  Speaker 5: It was It was weirdly so awesome that just to
• 4:54
  Speaker 5: see I mean the President, Bill could not have been more.
• 4:57
  Speaker 6: Engaged and just had such a nice conver station. And
• 5:00
  Speaker 6: then one point, I will make his bill.
• 5:02
  Speaker 5: You know, he has obviously been a big supporter of
• 5:04
  Speaker 5: so many you know, of the left, you know, supporting
• 5:07
  Speaker 5: you know, Clinton and Kamala and Barack and everyone.
• 5:10
  Speaker 6: And he had never been to the White House.
• 5:13
  Speaker 5: And the President took us up to the private residence
• 5:16
  Speaker 5: and we were showing Bill the Gettysburg address in the
• 5:18
  Speaker 5: Lincoln bedroom and I was like, you've never been here.
• 5:20
  Speaker 6: Bill was like no, And I was like, can you
• 5:22
  Speaker 6: believe you're here with President Trump showing you around?
• 5:25
  Speaker 5: And he was like, everybody just knew this was It
• 5:27
  Speaker 5: was a special Hopefully it's a special moment.
• 5:30
  Speaker 6: It sets it sets an example.
• 5:32
  Speaker 1: You know.
• 5:32
  Speaker 5: I never anticipated on trying to set a positive example
• 5:36
  Speaker 5: in this country for something like this, but you know,
• 5:40
  Speaker 5: the Lord works in mysterious ways. And Paul Pastor Paul
• 5:43
  Speaker 5: had prayed over me before I went to the Oval
• 5:45
  Speaker 5: office and it was just, man, it was.
• 5:46
  Speaker 6: It was one of the one of the neatest days
• 5:48
  Speaker 6: of my life.
• 5:48
  Speaker 4: I will say, I want to just get to one
• 5:50
  Speaker 4: last one ticket scalping. Want listen to what to mister
• 5:53
  Speaker 4: Trump had to say about the executive order on it
• 5:55
  Speaker 4: role type place.
• 5:57
  Speaker 1: I mean, Bob's a lot of other artists, says the artists.
• 6:00
  Speaker 1: And they go out with one hundred dollars ticket and
• 6:02
  Speaker 1: it sales for two thousand dollars the following night. Ticket
• 6:05
  Speaker 1: sales and scalping and all of the gouging that you
• 6:09
  Speaker 1: have been reading about. It's gotten worse and worse with
• 6:11
  Speaker 1: time and I didn't know too much about it, but
• 6:14
  Speaker 1: I checked it out and it is a big problem.
• 6:16
  Speaker 1: And I thought, I think you've been trying to get
• 6:18
  Speaker 1: this done for twenty years or something.
• 6:20
  Speaker 8: He said.
• 6:20
  Speaker 1: Trump got it done in two weeks. But we came
• 6:24
  Speaker 1: up with a very serious io.
• 6:28
  Speaker 4: I just wonder how you fix this When you've got
• 6:31
  Speaker 4: enormous demand for a very limited supply of tickets, how
• 6:35
  Speaker 4: do you decide who gets the tickets?
• 6:39
  Speaker 5: Well, it should be when you go into the queue
• 6:41
  Speaker 5: to get tickets. Not everybody to a hugely popular show
• 6:44
  Speaker 5: is going to get tickets. But as an artist, you know,
• 6:47
  Speaker 5: we want to get the majority of us want to
• 6:49
  Speaker 5: get the prices we set into the hands of the
• 6:52
  Speaker 5: fans at those prices, I've been the first one to say,
• 6:54
  Speaker 5: and the President hates it when I say, like sir,
• 6:56
  Speaker 5: I'm a little overpaid. I would rather be more of
• 6:58
  Speaker 5: a hero to working class people so they can go
• 7:00
  Speaker 5: to more shows. And this is the first step to really,
• 7:03
  Speaker 5: you know, try to get the bots and the bad actors,
• 7:05
  Speaker 5: the sculpers out of the way. Ultimately, and I'm a
• 7:08
  Speaker 5: capitalist and a deregulation guy, but ultimately what I would
• 7:11
  Speaker 5: like to see is get some legislation pass that puts
• 7:13
  Speaker 5: a cap on the resale of concert tickets, like a
• 7:16
  Speaker 5: ten percent cap, and that that eliminates all the bs
• 7:19
  Speaker 5: and the bad actors right off the bat. So you
• 7:22
  Speaker 5: know I can try, because if I sell a ticket
• 7:24
  Speaker 5: for twenty dollars, somebody's gonna mark that up to two hundred.
• 7:26
  Speaker 5: I don't see any of the money. The fans don't
• 7:28
  Speaker 5: get anything out of it. It's just, you know, you're
• 7:30
  Speaker 5: just paying people to do nothing. So I'm I just
• 7:33
  Speaker 5: want to make it more affordable. We want to make
• 7:35
  Speaker 5: America fun again, make America affordable again.
• 7:38
  Speaker 4: Kid Rock, thank you very much for being on the show.
• 7:40
  Speaker 3: Real pleasure, don't get true.
• 7:42
  Speaker 6: I love your show.
• 7:43
  Speaker 4: Varney, Oh, I died and went to heaven.
• 7:46
  Speaker 3: Kid Rop, You're all right. Thank you very much on date.
• 7:48
  Speaker 4: So we appreciate it and we hope to see again soon.
• 7:51
  Speaker 6: That's a lot.
• 7:51
  Speaker 3: That's great.
• 7:58
  Speaker 1: Thank you very much.
• 8:00
  Speaker 5: You want to say something, Yeah, anybody who's it doesn't
• 8:03
  Speaker 5: matter your politics.
• 8:04
  Speaker 6: First off, thank you, mister president, because this has happened
• 8:08
  Speaker 6: at liking speed.
• 8:09
  Speaker 5: I know you put. I want to make sure Lena
• 8:11
  Speaker 5: Habbah Alena Hobba gets her credit to because I know
• 8:13
  Speaker 5: she worked very hard on this, but thank you for
• 8:15
  Speaker 5: making this happen so quick. Anyone who's bought a concert
• 8:17
  Speaker 5: ticket in the last decade, maybe twenty years, no matter
• 8:19
  Speaker 5: what your politics are, knows that it's a conundrum. You
• 8:22
  Speaker 5: buy a ticket for one hundred bucks, by the time
• 8:23
  Speaker 5: you check out, it's one hundred and seventy.
• 8:25
  Speaker 6: You don't know what you're in charge for.
• 8:26
  Speaker 5: But more importantly, these bots, you know, they come in
• 8:29
  Speaker 5: to get all the good tickets to your favorite shows
• 8:32
  Speaker 5: you want to go to, and then they're relisted immediately
• 8:35
  Speaker 5: for sometimes a four or five hundred percent markup, and
• 8:38
  Speaker 5: the artists don't see any of that money.
• 8:40
  Speaker 6: And you know, ultimately, I think this is a great
• 8:42
  Speaker 6: first step.
• 8:44
  Speaker 5: I would love down the road if there would be
• 8:45
  Speaker 5: some legislation we could actually put a cap on the
• 8:47
  Speaker 5: resale of tickets. And I'm a capitalist and a deregulation guy,
• 8:51
  Speaker 5: but they've tried this in some places in Europe and
• 8:54
  Speaker 5: it seems to be the only thing that's us as
• 8:56
  Speaker 5: artists to be able to get the tickets in the
• 8:58
  Speaker 5: hands of the fans at the prices we see that.
• 9:00
  Speaker 5: I'll be the first one to say, and I know
• 9:02
  Speaker 5: the president doesn't like want to say this, but I'm
• 9:04
  Speaker 5: a little overpaid right now.
• 9:06
  Speaker 6: It's kind of ridiculous.
• 9:07
  Speaker 5: I would rather be, you know, a heroes of working
• 9:10
  Speaker 5: class people and have them be able to come attend
• 9:12
  Speaker 5: my shows and give them a fair ticket price. I
• 9:14
  Speaker 5: can't control that right now, so hopefully this is a
• 9:16
  Speaker 5: step to really be able to make that happen. You know,
• 9:19
  Speaker 5: a lot of artists and a lot of fans who
• 9:21
  Speaker 5: love conference and music are gonna be very appreciative.
• 9:24
  Speaker 1: And I think Bob is more interested in the fans
• 9:27
  Speaker 1: and the people that are having to pay crazy prices
• 9:31
  Speaker 1: than he is the artist. Maybe the artist a little bit,
• 9:34
  Speaker 1: but the fans a lot. I've spoken to him over
• 9:35
  Speaker 1: the years about it, and it's been it bothers him,
• 9:39
  Speaker 1: It bothers a lot of other artists too. See the
• 9:42
  Speaker 1: artists and they go out with one hundred dollars ticket
• 9:44
  Speaker 1: and it sales for two thousand dollars the following night.
• 9:48
  Speaker 1: And they seem to be able to sweep up the
• 9:50
  Speaker 1: best locations too, which is pretty amazing.
• 9:52
  Speaker 5: So they've only enforced that box act one time, I
• 9:55
  Speaker 5: believe a couple of years ago in New York. Say
• 9:57
  Speaker 5: I think. So we've got a couple million dollar fine.
• 9:59
  Speaker 6: And that's why I talk. I'm able to force that act.
• 10:01
  Speaker 1: And who is the primary culprit who sells these tickets?
• 10:04
  Speaker 5: It's the scalpers. It's that these bots go in and
• 10:07
  Speaker 5: they're automated. Well, there's reselling markets.
• 10:10
  Speaker 6: Yeah, Peter, that's all right.
• 10:14
  Speaker 1: Don't get them it about maybe maybe they're more innocent
• 10:17
  Speaker 1: than we think.
• 10:18
  Speaker 5: Well, if you think of it, like if if Ticketmaster
• 10:21
  Speaker 5: sells a ticket, if you buy a ticket, go to
• 10:23
  Speaker 5: a show, you're in a lot of ways.
• 10:25
  Speaker 9: They're worst customer.
• 10:26
  Speaker 5: They make another seventeen whatever percentage every time that ticket resells.
• 10:30
  Speaker 5: So they don't want to enforce the bots Act necessarily
• 10:32
  Speaker 5: because they're making more money off it. Not the artists
• 10:34
  Speaker 5: don't see any of that money. But that's not what
• 10:36
  Speaker 5: I'm advocating for is for me to make more money.
• 10:38
  Speaker 5: I want the fans to have a fair ticket prices.
• 10:40
  Speaker 6: Be able to go and enjoy more shows.
• 10:42
  Speaker 5: I know people that can only they decide on a
• 10:44
  Speaker 5: family vacation. They're going to their favorite concert once a year,
• 10:46
  Speaker 5: rather than you know, my parents used to go see
• 10:48
  Speaker 5: multiple shows when you can afford them. Back in their day,
• 10:51
  Speaker 5: and I'd like to take my ticket prices lower. But
• 10:52
  Speaker 5: if I set my ticket prices low, these bots immediately
• 10:55
  Speaker 5: eat them up and they resell for one hundreds of
• 10:57
  Speaker 5: dollars more. And I'm just making these bad actors rich.
• 11:01
  Speaker 1: Well, I think this is a big step to getting
• 11:03
  Speaker 1: it stepped. Do you have own thing right?
• 11:06
  Speaker 8: Yeah?
• 11:06
  Speaker 9: I do.
• 11:06
  Speaker 10: Actually, I actually feel that the consumer is going to
• 11:11
  Speaker 10: take the money that they saved. And actually by merch
• 11:14
  Speaker 10: which you guys have a big percentage of, or do
• 11:16
  Speaker 10: concessions which you guys split with the venue on that
• 11:19
  Speaker 10: as well.
• 11:20
  Speaker 11: So I think there's.
• 11:21
  Speaker 5: Money sharing concessions a lot, but no those are We
• 11:24
  Speaker 5: try to but they don't want to.
• 11:26
  Speaker 6: They don't want to share it in the beer prices
• 11:28
  Speaker 6: and parking or any of that stuff.
• 11:29
  Speaker 5: But the bottom line is just money for everyone to
• 11:32
  Speaker 5: be made.
• 11:32
  Speaker 6: There's there's plenty of money to go around. You know,
• 11:34
  Speaker 6: no one's gonna really lose here.
• 11:36
  Speaker 5: You know, take a master if if we can get
• 11:37
  Speaker 5: a cap, they're gonna lose some money.
• 11:39
  Speaker 6: But I've already talked.
• 11:39
  Speaker 5: To CEO Michael and he's giving me his word he's
• 11:41
  Speaker 5: on board for it.
• 11:42
  Speaker 11: I was talking to Jacoby with Papa Roach earlier.
• 11:45
  Speaker 10: And by the way, he's a big fan of what
• 11:46
  Speaker 10: you're doing, President Trump.
• 11:47
  Speaker 11: Digging into this whole scalping in the box. A lot
• 11:52
  Speaker 11: of musicians you can say that they're they're with kid rock, Sir,
• 11:57
  Speaker 11: without a doubt, a lot of people are.
• 12:00
  Speaker 10: Would you ever wear a jacket like that?
• 12:02
  Speaker 7: I don't know.
• 12:02
  Speaker 1: I was thinking about doing it for tomorrow. We have
• 12:05
  Speaker 1: a big event coming up, and I was thinking about
• 12:07
  Speaker 1: doing it.
• 12:08
  Speaker 12: Sure, we heard from President Trump make comments at two
• 12:17
  Speaker 12: times in the last couple days about we're potentially running
• 12:19
  Speaker 12: for a third term.
• 12:20
  Speaker 7: Is that something that you would support him doing.
• 12:22
  Speaker 3: I don't think that's gonna happen. I think, honestly, man,
• 12:24
  Speaker 3: this is where you guys get caught around the axle.
• 12:27
  Speaker 7: He brought it up.
• 12:28
  Speaker 3: He's just having fun with it, you know, it's he's
• 12:30
  Speaker 3: just having fun with it. I wouldn't they get seriously
• 12:32
  Speaker 3: at all.
• 12:33
  Speaker 8: First of all, he joked, and so I think we
• 12:35
  Speaker 8: need to take that as a joke, not being literal.
• 12:37
  Speaker 7: What do you think that was tongue in cheek?
• 12:39
  Speaker 13: Of course?
• 12:40
  Speaker 7: Would you like to see President Trump run for a
• 12:42
  Speaker 7: third term? Okay, did you go to college?
• 12:45
  Speaker 12: I did you did you would you consider yourself to
• 12:48
  Speaker 12: have his sense of humor?
• 12:49
  Speaker 3: Yeah?
• 12:50
  Speaker 7: Okay, did you see what he said? Yeah he did.
• 12:52
  Speaker 3: Okay, do you think he was joking?
• 12:54
  Speaker 7: I'm honestly no, I'm sure.
• 12:56
  Speaker 3: Okay.
• 12:57
  Speaker 12: Then then whatever college you went to give him refund
• 13:00
  Speaker 12: Arizona State, definitely give them a refund.
• 13:03
  Speaker 7: Yeah, that's that's President Trump is joking.
• 13:06
  Speaker 3: Yes, that's just a dumb question. Okay.
• 13:11
  Speaker 13: They can't even help themselves because for the past several months,
• 13:15
  Speaker 13: Republicans insisted that Donald Trump was just kidding when he
• 13:19
  Speaker 13: made comments about running for a third term in office,
• 13:22
  Speaker 13: even though it's prohibited by the twenty second Amendment of
• 13:25
  Speaker 13: the Constitution. Well over the weekend, President made it clear
• 13:31
  Speaker 13: that he is very much, in fact serious about running
• 13:35
  Speaker 13: for a third term. In an exclusive interview with NBC News,
• 13:39
  Speaker 13: Trump said he's not joking about a third term, claiming
• 13:44
  Speaker 13: there are methods for doing so, adding, of course, quote
• 13:49
  Speaker 13: a lot of people want me to do it, but
• 13:51
  Speaker 13: I basically tell them we have a long way to
• 13:54
  Speaker 13: go back with me or George Conway and Sam Stein.
• 13:58
  Speaker 13: So I don't know which one of you two want
• 14:01
  Speaker 13: to bite at this apple, but I'm going to start
• 14:04
  Speaker 13: with you, George on this lucky lucky you, because I
• 14:07
  Speaker 13: want to play what happened in the oval with the
• 14:11
  Speaker 13: President on this very question just moments ago.
• 14:14
  Speaker 3: Let's take a listen.
• 14:16
  Speaker 13: If you are allowed, for some reason to run for
• 14:19
  Speaker 13: a third term, is there a thought that the Democrats
• 14:22
  Speaker 13: could try to run Barack Obama against you.
• 14:25
  Speaker 1: I'd love that.
• 14:27
  Speaker 6: I'd love that.
• 14:28
  Speaker 3: That would be a good one. I'd like that.
• 14:30
  Speaker 1: And no, people are asking me to run, and there's
• 14:33
  Speaker 1: a whole story about running for a third term.
• 14:35
  Speaker 6: I don't know.
• 14:35
  Speaker 1: I never looked into it. And they do say there's
• 14:39
  Speaker 1: a way you can do it, but I don't know
• 14:40
  Speaker 1: about that. But I have not looked into it.
• 14:43
  Speaker 13: Okay, there is no way you can do it because
• 14:45
  Speaker 13: it's a little thing called the Constitution of the United States.
• 14:47
  Speaker 3: And I'm going to have to stop you. There is
• 14:49
  Speaker 3: there a way you can do it. Yeah, okay, so
• 14:51
  Speaker 3: we'll talk about that, all right.
• 14:52
  Speaker 13: And number two, this idea that he's never looked in it. Look,
• 14:57
  Speaker 13: my initial thinking is if that question is put in
• 15:00
  Speaker 13: in front of me, given that the Constitution is there
• 15:02
  Speaker 13: to says twenty second member says you can't. You got
• 15:05
  Speaker 13: two terms that you would say no, the constitution doesn't
• 15:08
  Speaker 13: allow it and will move on.
• 15:10
  Speaker 3: But that was his answer. So what say you, sir,
• 15:13
  Speaker 3: so tell us how it can be done.
• 15:14
  Speaker 8: It can be done because the text of the constitution
• 15:17
  Speaker 8: textas the twenty second Amendment, would allow him not.
• 15:19
  Speaker 3: To be elected president.
• 15:21
  Speaker 8: It says no person shall be elected more than twice
• 15:24
  Speaker 8: to the office president, and no person shall be elected
• 15:26
  Speaker 8: more than once if he served more than he or
• 15:29
  Speaker 8: she'd served more than two years of someone else's term.
• 15:32
  Speaker 8: But it doesn't say you can't serve a third term.
• 15:35
  Speaker 8: So what could happen is he could be elected vice president.
• 15:39
  Speaker 8: And what could happen is that whoever was at the
• 15:41
  Speaker 8: top of the ticket could then disclaim the office, in
• 15:44
  Speaker 8: which case Trump would not have been elected, he would
• 15:48
  Speaker 8: have been elected vice president but acceded to the office,
• 15:51
  Speaker 8: or that press person who is elected president could resign
• 15:54
  Speaker 8: on twelve oh one on January twentieth.
• 15:57
  Speaker 9: And there is literally nothing in the content. So you
• 16:00
  Speaker 9: need to prevent that.
• 16:01
  Speaker 8: And this has been written about by law professors in
• 16:04
  Speaker 8: the past, before the Trump year, And the fact of
• 16:06
  Speaker 8: the matter is I read that one of those articles
• 16:09
  Speaker 8: today and the text is pretty clear, and actually the
• 16:13
  Speaker 8: legislative history is even worse because the legislative history of
• 16:17
  Speaker 8: the twenty second Amendment shows that the original drafts actually
• 16:23
  Speaker 8: prohibited holding and serving a third term, and they for
• 16:27
  Speaker 8: some reason, we have nothing to do with this current situation,
• 16:32
  Speaker 8: which I don't think they were thinking about. They changed
• 16:34
  Speaker 8: it to elected and so a literal meeting of the Constitution,
• 16:39
  Speaker 8: which I believe in, and I've discussed it with one
• 16:41
  Speaker 8: of the more I.
• 16:42
  Speaker 3: Mean, Larry Tribe, agrees with this.
• 16:44
  Speaker 8: Right he could they could pull this stunt and in
• 16:47
  Speaker 8: which case the whole hypothetical about.
• 16:49
  Speaker 9: Barack Obama could be made true too.
• 16:51
  Speaker 8: I could run as president and Barack Obama could run
• 16:54
  Speaker 8: as my vice president.
• 16:55
  Speaker 9: I'm not to guess. I'd have to Reritistero as a Democrat.
• 16:57
  Speaker 8: And then I could say, oh, I don't want to say,
• 17:00
  Speaker 8: and President Obama conservative. So you could theoretically have it.
• 17:05
  Speaker 8: It's completely insane, but it's legally possible.
• 17:08
  Speaker 13: So I need to put something a little extra in
• 17:10
  Speaker 13: my cup next time I talk to you about this issue,
• 17:12
  Speaker 13: because that just really took my brain to a whole
• 17:14
  Speaker 13: other level.
• 17:15
  Speaker 9: Yeah no, but it's not good.
• 17:17
  Speaker 13: But the reality of it is we are Sam we're
• 17:19
  Speaker 13: talking about Donald Trump here, right, So the idea that
• 17:23
  Speaker 13: Donald Trump is going to run as somebody's vice president
• 17:27
  Speaker 13: just so he can be president, it's a little bit
• 17:29
  Speaker 13: rich for me, But I mean, I get what George
• 17:32
  Speaker 13: is saying, and there those are those technical aspects of it.
• 17:37
  Speaker 3: But I think something closer to the truth is, what
• 17:41
  Speaker 3: does it say that this is actually in.
• 17:44
  Speaker 13: The making or people are having the conversations in this
• 17:48
  Speaker 13: vein because.
• 17:51
  Speaker 3: On this face there's a constitutional bar.
• 17:54
  Speaker 13: What George said notwithstanding, but the reality of it is
• 17:58
  Speaker 13: there are efforts to solidify this presidency beyond it's it's
• 18:04
  Speaker 13: it's you know, sell by date or used by date.
• 18:09
  Speaker 14: How close is George to you? Because I don't want
• 18:11
  Speaker 14: to blow your brain too far that.
• 18:12
  Speaker 3: It hits him.
• 18:16
  Speaker 14: Step away, hold him down, No, don't hold him down.
• 18:19
  Speaker 14: But I will note that not only did the scenario
• 18:24
  Speaker 14: that George outlined is in fact what Trump himself brought
• 18:27
  Speaker 14: up yesterday, He has clearly researched the idea that he
• 18:31
  Speaker 14: would run as JD Vance's VP in twenty twenty eight
• 18:36
  Speaker 14: and then usurp the power in some form to become
• 18:39
  Speaker 14: present for a third term. Now that doesn't mean he's
• 18:41
  Speaker 14: going to do it all. All we know is that
• 18:44
  Speaker 14: someone at some point presented this idea to him, and
• 18:47
  Speaker 14: he's put it in his head that it's a possibility.
• 18:50
  Speaker 14: I happen to think still that this is a ruse
• 18:54
  Speaker 14: of some sort that as soon as he says he's
• 18:56
  Speaker 14: not running for a third term, he becomes a lame
• 18:59
  Speaker 14: done and then therefore the party moves on for him
• 19:02
  Speaker 14: and they don't feel like they, oh, may think he
• 19:03
  Speaker 14: was some sort of power over them. I believe journalistically
• 19:07
  Speaker 14: it's more important to cover what Trump does than what
• 19:11
  Speaker 14: he says. That being said, he keeps saying this stuff,
• 19:15
  Speaker 14: and we've talked to people in focus groups here at
• 19:19
  Speaker 14: the Bulwark, and his supporters are tentatively okay with it,
• 19:25
  Speaker 14: which to me means that if he were to go
• 19:27
  Speaker 14: ahead with it, there would be a basis support that
• 19:31
  Speaker 14: would be fine with it. And all these elected Republicans
• 19:34
  Speaker 14: who are now dismissive of it as merely a joke,
• 19:36
  Speaker 14: we know the history of that.
• 19:38
  Speaker 10: It's a joke.
• 19:39
  Speaker 14: It's a joke, it's a joke until it's actually not
• 19:41
  Speaker 14: a joke, and then they get in line.
• 19:49
  Speaker 15: Well, the clock is ticking towards what President Trump has
• 19:52
  Speaker 15: called America's Liberation Day.
• 19:54
  Speaker 3: He says he will.
• 19:54
  Speaker 15: Unveil a massive slate of import taxes on all countries
• 19:58
  Speaker 15: on Wednesday, though he's also promised to be kind. Tariffs
• 20:02
  Speaker 15: are taxes paid by US importers on foreign purchase goods.
• 20:05
  Speaker 15: Details are still limited on the range of the tariffs,
• 20:09
  Speaker 15: but there is growing on ease about what this tariff
• 20:11
  Speaker 15: war will mean for the global economy. UK government has
• 20:14
  Speaker 15: been trying to negotiate a last minute trade deal to
• 20:16
  Speaker 15: the exempt British goods, but confirmed yesterday it does expect
• 20:20
  Speaker 15: the UK will be hit when the import taxes are introduced.
• 20:24
  Speaker 15: President Trump has been speaking to the media in the
• 20:26
  Speaker 15: Oval Office, where he said he expects his tariffs to
• 20:28
  Speaker 15: give the US economy a major boost.
• 20:32
  Speaker 1: I think that we're going to be at five trillion
• 20:34
  Speaker 1: dollars of investment. I think you're going to have investments
• 20:38
  Speaker 1: very shortly. We're already three and af and we have commitments,
• 20:43
  Speaker 1: verbal commitments for a lot more, and numbers like that
• 20:46
  Speaker 1: have never been done in this country. And it's going
• 20:48
  Speaker 1: to get horrid. And this isn't two months. It's really
• 20:51
  Speaker 1: less than two months. Because since we've really gone.
• 20:53
  Speaker 3: Out with it.
• 20:54
  Speaker 15: They speak now to Maria Demercy's chief economist at the
• 20:57
  Speaker 15: Conference Board of Europe. Maria, good to have you with us.
• 21:00
  Speaker 15: Just listening to President Trump there, I wonder if you
• 21:03
  Speaker 15: agree if we could just look at the US first.
• 21:06
  Speaker 15: Do you think it's going to be a major boost
• 21:07
  Speaker 15: to the US economy these tariffs.
• 21:10
  Speaker 16: It's unlikely there would be a boost. I mean, the
• 21:12
  Speaker 16: first thing will be trade will necessarily reduce and that
• 21:16
  Speaker 16: will have an impact on the US economy. We've already
• 21:18
  Speaker 16: seen revisions in growth downwards upward, revisions for inflation, and
• 21:23
  Speaker 16: of course the stock markets that are extremely volatile. Nothing
• 21:26
  Speaker 16: of that is good for the US economy. But next
• 21:29
  Speaker 16: to that, there is other measures that follow the tariffs,
• 21:31
  Speaker 16: and that is corporate taxes reducing, trying to attract investments
• 21:36
  Speaker 16: back to the US, either from American economies that operate
• 21:39
  Speaker 16: elsewhere or from global economies. And actually there is some
• 21:43
  Speaker 16: evidence of that that some companies might be coming back
• 21:46
  Speaker 16: to the US that will boost investment. Whether the net
• 21:49
  Speaker 16: effect is positive, but it means to be seen. But
• 21:51
  Speaker 16: I am not hopeful.
• 21:52
  Speaker 15: Higher inflation, greater recession risks. That's what people are saying
• 21:56
  Speaker 15: for the US and obviously there's going to be a
• 21:58
  Speaker 15: knock on effect for the global economy as well. Tell
• 22:01
  Speaker 15: us what your thoughts are on what this could mean
• 22:04
  Speaker 15: for the rest of the world.
• 22:06
  Speaker 16: Again, you will have global effects everywhere, especially for jurisdictions
• 22:09
  Speaker 16: like the U where I live, which is a big
• 22:12
  Speaker 16: exporting region. We rely a lot on exports and therefore
• 22:15
  Speaker 16: experts to the US will necessarily suffer. The EU exports
• 22:19
  Speaker 16: a lot of the US bots and goods and services,
• 22:21
  Speaker 16: that of course will take a hit. But I think
• 22:23
  Speaker 16: global trade we take a hit. I think there will
• 22:26
  Speaker 16: be a reduction in trade that we haven't seen in
• 22:29
  Speaker 16: a long time except the pandemic era. And on top
• 22:33
  Speaker 16: of that, of course, we are going to have a
• 22:35
  Speaker 16: high increase in prices, and the consumer will see greater
• 22:38
  Speaker 16: inflation on goods and services that they buy on a
• 22:41
  Speaker 16: daily basis, and of course much less choice, So the
• 22:43
  Speaker 16: consumer will definitely worse off.
• 22:45
  Speaker 15: Marie, what about the stock markets around the world. Many
• 22:48
  Speaker 15: are saying that the hit from the tariffs could still
• 22:51
  Speaker 15: be coming. We haven't seen the worst of it yet.
• 22:54
  Speaker 16: No, we haven't until we have some certainty in terms
• 22:57
  Speaker 16: of what goes on in tariffs. So there will be latility.
• 23:00
  Speaker 1: Now.
• 23:01
  Speaker 16: It's interesting to say also that if we do have
• 23:03
  Speaker 16: some certainty of what tariffs will be, that would be
• 23:06
  Speaker 16: of course, but for the economy. But at least we
• 23:07
  Speaker 16: have some certainty of what it is. And you see
• 23:09
  Speaker 16: that we hear it from businesses that they want some
• 23:11
  Speaker 16: certainty so that they can prepare so some news, even
• 23:14
  Speaker 16: if they are bad news, it's important to reduce a
• 23:17
  Speaker 16: volatility and tell us a bit.
• 23:18
  Speaker 15: More about those US businesses that are starting to reshare
• 23:23
  Speaker 15: in response to the threats of tariffs. We don't know
• 23:26
  Speaker 15: yet what impact that will have. But how long does
• 23:28
  Speaker 15: it normally take for a business to do that.
• 23:31
  Speaker 9: It depends.
• 23:32
  Speaker 16: Big manufacturer, of course, find it difficult to relocate unless
• 23:35
  Speaker 16: they have already installations in the US. But we have
• 23:39
  Speaker 16: heard from Nvidia, the big semiconductor company, that they will reshure,
• 23:43
  Speaker 16: They will bring some of their operations in China back
• 23:46
  Speaker 16: into the US with huge investments for the next four
• 23:49
  Speaker 16: years in the US, which is effectively what President Trump wants.
• 23:52
  Speaker 16: He wants manufacturing back in the US. And we've also
• 23:55
  Speaker 16: heard Apple relocating back, bringing some of the Asian production
• 24:00
  Speaker 16: to the US in fear of tariffs hitting their Chinese operations,
• 24:04
  Speaker 16: so there is some movement which has also been helped
• 24:08
  Speaker 16: by corporate taxation reducing, which is one of the big
• 24:11
  Speaker 16: campaign points that praise the drum use. So it's not
• 24:14
  Speaker 16: just about tariffs, it's also about creating a much more
• 24:17
  Speaker 16: friendly environment conducing the businesses in the US.
• 24:20
  Speaker 15: It's so interesting to get as Marie. Thank you very much.