Pres. Trump on CNBC:
- Survey data is antiquated and very political
- The numbers were rigged the numbers or rate
- Before the election there was a massive outflow of beauty for Biden
This is going nowhere so far.
- Powell is highly political.
- Kevin Warsh is a very good.
- The two Kevin's are doing well and have two other candidates
- The decision will be very soon
- I will announce a replacement for Kuglers announcement
- He is taking Bessent off the list as Fed Governor
- Prices are down since I have come in
- The price of stocks are way up
- Energy is way down with Gasoline to $2.40.
- There is tremendous energy
- OPEC+ is drilling more because want to make me happy
- If energy prices do go down Putin will stop killing people.
- Japan will be opening up the country, and the investment promises are like a "signing bonus"
- Indonesia, Vietnam and Korea has opened up their country.
US stocks ar moving slightly higher on Trump comments. NASDAQ up 94 points. S&P up 17.5 points.
- If EU does not make those investments they will pay tariffs
- If they make the investment their tariffs will be decreased to 15%
- EU deal is that they will give Trump $600B in anything he wants.
Stocks dip as he gets into tariffs.
- Will be announcing tariffs on chips soon
- We will be putting a small tariff on Pharma . Will go up to 150-250% in one year
- Not worried about oil prices
- The inflation was the highest during the Biden administration
- He will be raising India tariffs soon on the Russia oil
- The sticking point with India are that tariffs are too high.
On CHina:
- Xi called for a meeting with Trump
- We will meet with China before the end of year if there is a trade deal.
- China is very reliant on the US
- Has a good relation with China
- We are getting very close to a deal.
- China did not respect Biden. They respect us.
On banks:
- They discriminated against me
- Both BofA and JPM discriminated against me conservatives.
On immigration:
- We are getting criminals out of our country
- Am working with the farmers though. The farmers are great. Not doing anything to hurt the farmers
- We are looking for the criminals
- 50% of the murderers, murdered more than 1 person.
ON running again:
- I am probably not going to run again
- I have the best poll numbers I have ever had
- The Democrats are lost
- Schumer is finished.
SUMMARY:
Trump delivered wide-ranging remarks touching on the economy, trade, energy, foreign policy, and politics. He criticized survey data as outdated and politically driven, claiming numbers were rigged before the election, and accused Fed Chair Powell of being highly political. He praised Kevin Warsh and “the two Kevins (Hassett and Warsh)” as strong candidates for Fed roles, while removing Bessent from consideration for Fed Governor. Trump said prices have fallen, stocks are higher, and energy costs—particularly gasoline—are down to $2.40, attributing this partly to OPEC+ increasing production (they want to please me). He asserted that lower energy prices would deter Putin’s aggression. He noted Japan, Indonesia, Vietnam, and Korea have opened up their economies to the US, calling Japan’s commitments a “signing bonus.”
On trade, Trump warned the EU would face higher tariffs unless it invested, with rates reduced to 15% if they comply, and claimed the EU deal would bring $600B in commitments for Trump to spend in any way he wanted. He said tariffs on chips would be announced soon, with pharma tariffs rising from small levels to 150–250% within a year, and India tariffs to be raised on Russian oil imports.
On China, he said Xi requested a meeting and a trade deal could come by year-end, stressing that China respects his administration unlike Biden’s.
He accused Bank of America and JPMorgan of discriminating against conservatives, reaffirmed efforts to remove criminals from the country without harming farmers, and claimed half of murderering immigrants, killed more than one person. Politically, Trump suggested he is “probably not” running again but touted record poll numbers, declaring Democrats “lost” and called Senate Majority Leader Schumer “finished.”
Stocks at the ends interview on CNBC
- Dow +9.36 points
- Nasdaq +61 points
- S&P +9.31 points
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