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This room needs no introduction. We're
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in the Oval Office and
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we're here to speak with President Trump
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about all the changes and improvements
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he's made to the White House. If you
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look at before and after photos, which
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I'm sure we'll put on the screen, the
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oval looked kind of drab before
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President Trump gave it a little bit of
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a makeover here. And we'll talk to him
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about all the changes he's made, some of
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these paintings he's added, the artwork,
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and then we'll go out and you're going
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to see the rose garden patio as well.
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I'm going all in.
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All right, besties. I think that was
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another epic discussion. People love the
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interviews. I could hear him talk for
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hours. Absolutely. He crushed your
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questions in a minute. We are giving
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people ground truth data to underwrite
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your own opinion. What do you guys
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think? That was fun. That was great.
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What's going on?
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This is the Oval Office for everybody.
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And I said I'd do this for David in the
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group. This is three outstanding people
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that really understand uh I guess you
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could say the world of Silicon Valley
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and beyond, way beyond. And we're very
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proud of what's happened. And David said
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to me, "Would you mind giving a little
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tour of the Oval Office because it is
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the most important office, I would say,
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anywhere in the world. People come,
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kings and queens and the biggest
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business people in the world, most
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important people in the world, and they
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they look at this and they say, "Wow,
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that's the Oval Office. They want time
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to digest it. And this is the new and
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improved Oval Office because I had
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little time and we did a lot of things
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that were good. Uh it had very few
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pictures. Now it has a lot of pictures
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and they came from the vault. Uh the
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vaults downstairs where they have
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thousands actually of pictures,
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beautiful paintings, some of them in the
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uh in the vault for over a hundred
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years. And we searched out and we got a
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lot. That's an original George
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Washington. Another George Washington as
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Abraham Lincoln, the original.
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And uh that's Ulysius Srant, his
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favorite general. And I would say a
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great general and a okay president,
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right? He gets higher marks as as a
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general. But these are all originals.
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That's an original George Washington.
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Also, we modernize it a little bit with
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FDR. That's a very important painting.
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FDR.
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Yeah. Did you pick these yourself? M
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I picked them all. Yeah, I picked them
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all. They were in the vaults for in some
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cases, I mean, not in the case of FDR,
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but in the case of many of them. They
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were in the vaults for many over a
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hundred years. Uh Thomas Jefferson, as
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you see, you look, we put a couple of
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non-presidents.
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Ben Franklin, I think, qualified, right?
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Absolutely. He was in your world a
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little bit. He was
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He was Treasury Secretary,
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but he was also pretty good inventor,
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right? He was he was a lot of things. So
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he certainly qualified. We have over
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here we have Ronald Reagan. We took from
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actually the lobby of the building. Put
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him up here.
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David Saxs has that same portrait.
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It's a good It's a good portrait. He's a
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great guy. This is Monroe of the Monroe
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Doctrine in the middle. And you have
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Andrew Jackson on the right and Thomas
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Jefferson on the left. And all great uh
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great paintings, all originals. Over
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here you have one of three. This is
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our big uh I guess it's sort of the
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star. It's been in the vault for close
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to a hundred years.
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This is uh
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it's incredible. Nobody wanted to put it
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up before you.
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Well, they wanted to and the people they
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weren't able to do it actually because
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you know the curators here have a lot of
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power and they can tell you no without
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saying no. And some of the I can tell
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you two of the presidents I know wanted
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it up and it never got up. But I think
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they liked me better. And part of it is
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it's very delicate the paper,
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right?
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And they, you know, the paper with the
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light and everything else.
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But you protect it with the curtains.
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What we do is if you pull that curtain,
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you'll see what happens. We just go
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ahead and pull it if you'd like.
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See that covers it up.
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So now it's protected from
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Yeah.
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Because the paper's very delicate,
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right? And that was the problem with
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getting it up. So we did that. We
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devised that. And but the curators,
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yeah, you can open it up again, I guess.
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But the curators made it difficult for a
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couple of people to get it up. I don't
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think they were going to let it come up.
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So they like me better. They know I take
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good good care of things. But this is a
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very famous bust of
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Lincoln. There's George Washington. It's
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an incredible place. Now many of these
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things this this I moved them here. You
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have uh Winston Churchill over here,
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you've Eisenhower.
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It's been an amazing place to work with.
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But what really is uh something very
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special is when you have people the
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biggest in the world. They walk into
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this office and they just want to look.
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Yeah.
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And we added a lot of 24 karat gold and
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it's very expensive and I think very
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beautiful. You know, when you look at
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the fireplace when you have a leader
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sitting on the one side and the other
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side and you look at what's behind with
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the lights beaming and that's all 24
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karat gold and that's why it it just
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beams.
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Was it not gold before this was?
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No, it wasn't. They didn't have really
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any gold. They didn't have gold and they
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do now. There was actually a flat piece
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of marble
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there for a long time, but a flat piece
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of marble. And I just felt it was
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important for this office to take on a a
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look that's appropriate. It was uh the
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walls were painted, but it was still the
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Oval Office, by the way, but the walls
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were painted. Now the walls are much
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more than painted. So people have loved
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it. The leaders of other countries have
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loved it when they come in. and it's,
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you know, more representative of what it
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should be. Then we're doing fixups in
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the White House, too. Importantly, we
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have some floors that were very bad. We
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put in new slabs. I do this stuff. I
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like it because I basically I like real
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estate and I like building, but we've uh
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if you would do it, you can look up, but
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we put some marble floors over there
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that are incredible. What we can do
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today, the workmanship. Did you notice
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the floor as you walked by? It's a
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beautiful floor that was that had little
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on one by one tiles in it and now it has
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big slabs of white marble. Uh it's it's
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really beautiful. And as you know, we're
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going to be building a ballroom. Uh for
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150 years, they've wanted a ballroom at
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the White House. When a dignitary, a big
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dignitary, the head of China, the head
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of any country you name would come over,
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they would uh build a tent in the lawn.
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And if it rained, it was a big problem.
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It was a big problem. But they just put
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a big tent on the lawn. Now we're going
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to have a a worldass ballroom, beautiful
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ballroom which is built right on the
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other side by the east room. So I think
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uh we've done a real job and most
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importantly we have a great economy. We
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have a lot of people working and we have
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an industry that you guys are very much
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leading. The job you have is very
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important but you're leading it and I
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think it's going to be maybe maybe the
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most important industry of them all.
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What do you think about that?
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Absolutely. Yeah, I
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think so. Right.
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Yeah, absolutely. And we're very honored
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for the tech industry to be the first
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one that you've brought to do a rose
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garden dinner. That's right. This the
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first one. And
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that's right. We're doing a rose garden
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dinner. I think what we'll do is we
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might move it cuz it's a little rainy.
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Of course it is.
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But and actually it's a little bit
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easier to talk inside also. So we're
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going to have a good group. But it's uh
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that's your rose garden. So the rose
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garden would
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we, as you know, had grass and you
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couldn't have any you couldn't do
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anything. You couldn't do press
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conferences. All of the things that you
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like to do, you couldn't do it. And we
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put beautiful stone, white stone down.
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And now we can have all sorts of things,
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including they can have dinners at the
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Rose Garden, etc., etc. So, senators,
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congressmen, and women can come over.
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Was there push back? There was a little
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bit of push back.
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You know what? Very little, I tell you.
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I thought there'd be a lot. Uh, very
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little. It's done, and it's complete,
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and people love it. You know, they love
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the look of it. It looks good. It looks
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actually I think better. Problem with
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the grass you couldn't do anything with
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it. You'd have a press conference. I
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know uh Prime Minister Modi was here
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from India and recently and he was uh
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trying to give a press conference.
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Everyone was the women with their high
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heels were it was not a pretty picture.
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Tears are all uneven on the ground. It
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was a fun. It was a little bit tough.
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Did you find the crack, sir? Was it you
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that found the crack? And then
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it was incredible. We had uh we had but
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look it was it was beautiful but it's I
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think it's more beautiful now and you
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can we can use it.
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What was the motivation for the
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ballroom? Mr. President,
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well they've just wanted a ballroom and
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I know for a fact cuz you know I've been
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here now a long time and uh when you
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have a big dinner, you can't really have
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a dinner here without putting up a tent
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and a tent is not appropriate for what
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we do even from a security standpoint.
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So, uh, I said in the first term, I'd
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love to have a shot because I'm going to
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get them a beautiful ballroom. And
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that's what we've done. But you really
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want it so that you have a lot of big
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events. You have a lot of events that
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aren't necessarily for the heads of
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state. They're just big events for AI or
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for something
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and you want to have a lot more seats
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than they have. You just didn't have. We
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have beautiful rooms, but we don't have
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big rooms in the White House.
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So, now we're going to have a big room.
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We're going to have a beautiful
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ballroom.
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How long till it's done? couple of
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years.
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It'll take a couple of starting in about
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two weeks.
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Oh, wow. Breaking two weeks.
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It's gonna be It's going to be great.
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It's going to be top of the line.
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I I heard you had the plans on your
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desk. Is that true? Is that
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I do. I just took them off because uh in
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tribute to you guys. I don't want to
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look a little messy, but I know I've had
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the plans and it's a great It's right
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facing the Treasury Building and facing
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the Washington Monument. You have a view
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of everything. You have view of the
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White House. We have views on all four
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sides. Beautiful. It's going to be
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great.
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What do you call the new Rose Garden? Is
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it still called the Rose Garden?
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Well, they're calling it the Rose Garden
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Club.
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The club,
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but it's just uh a place where people
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can have dinner now, which you couldn't
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have done before. We have uh beautiful
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kitchens and the White House will use
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them. But I think senators, congressmen,
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congresswoman, they're going to come
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over and they're going to enjoy it. And
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maybe we'll let Democrats come too
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because, you know, it might bring people
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together. That'd be nice. If it brought
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people together, that would be nice. So,
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but it's great to have you at the White
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House. It's great to have you in the
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Oval Office
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and have a good show. Keep your show.
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Thank you, sir. And, you know, I I
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thought it would be more interesting for
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our audience to see this the side
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of you because I've talked to some of
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the tour guys of the White House and
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they're always saying that you walk
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around and you give notes to the
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landscapers, the gardeners to fix things
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and you pick out all the paintings
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yourself. And I don't know if people
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know how conscientious you are about the
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White House, how much you care about the
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White House, how much you care about the
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history, and you want to make it as
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beautiful as possible. And you've made
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it even more incredible than it already
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was, like no other president.
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There's an incredible video clip, sir.
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It's like the day after you were
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reelected, maybe like a few days after,
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and you were in Mara Lago, and you were
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walking with the grounds person with a
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notepad. Yeah.
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And you were pointing to the all of
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these little things, and it was like the
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most incredible thing because it's like
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this attention to me is wonderful.
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Well, we've done a lot. The White House
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was it needed some love.
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You think it got it with Biden? I don't
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think so. You think he does this? Do you
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think he says that marble's not looking
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good? We have to replace that marble.
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No, he doesn't do that. But, uh, we have
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a great administration going. We have,
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and you're a big part of it. Uh, but we
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have a great administration. We have a
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country that's doing really well. And
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leading in AI is an honor. And then
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we're going to keep leading, too. We're
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going to be doing something that I'm
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proud of. I said, you know, you need
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massive amounts of electricity, as you
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people know better than anybody. And I'm
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allowing the people that are building to
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build their own electric plants, which
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nobody thought
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Yeah.
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would happen. And I sort of think that
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was my idea. You can't go into the old
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grid. So they could build the most
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magnificent electric uh producing plants
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almost becoming a utility.
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Yeah. And if they build more than they
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need, they can sell it back into the
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grid. Put it back into the the grid,
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which is good. So, you're going to see
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some tremendous plants going up. They've
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already started, as you know. But
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they're building with that. They're
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building electric producing facilities.
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So, it's going to be great. I think that
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made a big difference. Don't you think
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if we didn't do that?
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Totally.
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They couldn't hook it to an old grid.
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Absolutely.
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I don't know if anybody's told you, but
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we had dinner with Senator Crapo
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yesterday. Yes. He said this incredible
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thing when the CBO originally priced the
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big beautiful bill. They thought it was
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minus3 trillion. They just updated it
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because they have to. And it's actually
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a surplus.
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Oh yeah.
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It's like 300 billion. It's an
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incredible thing.
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Well, we're taking in hundreds of
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billions of dollars worth of tariffs.
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Yeah.
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The money is coming in at levels that
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nobody ever thought possible. You know,
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they gave us no credit for that because
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it was never done before. And now the
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numbers are much higher than anybody
00:13:03
ever thought. 600 billion from Japan,
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90% to America
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of the profits,
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950 billion from the European Union,
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uh 350 billion from South Korea. No, the
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numbers are the numbers are incredible.
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And and frankly, I could have done more
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if, you know, I wanted to take it nice
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and easy. I didn't want
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You did a great deal with Intel
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recently, so you're putting the balance
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sheet to work, which I think is really
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The balance sheet is going to be great.
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The country is We're really doing well.
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uh we have to maintain it. We have to be
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smart. AI is a big factor. But we have
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all the car companies coming back in
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with their plants. You know, we lost
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almost 60% of our car producing if you
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go back 40 years. We made all the cars
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and now we don't make close to all. And
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we may be at a higher level than we were
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40 years ago by the time the car
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companies just like AI. The car
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companies are coming back. Factories are
00:14:00
coming back because they don't want to
00:14:01
pay tariffs. Yeah,
00:14:03
you know, they like me, but they don't
00:14:04
want to pay tariffs.
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And so, we put together an amazing
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thing. They're coming they're leaving
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from all other countries. They're coming
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here. They're they're building massive
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plants. Plants the likes of which we've
00:14:15
never seen at the auto plants. Uh, and
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the union, the auto union,
00:14:20
they love Trump. They got it right at
00:14:23
the beginning and they voted for me.
00:14:24
But, uh, their vote is now well
00:14:27
justified. But the auto companies are
00:14:30
building unbelievable numbers of plants
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and big ones.
00:14:34
And one thing I want to add on AI, sir,
00:14:36
is that this investment that you're
00:14:38
basically triggering is going to benefit
00:14:40
all Americans, not just Silicon Valley
00:14:42
companies. When we were in Pennsylvania
00:14:44
and you announced $92 billion of
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investment, they had people from the
00:14:48
trades there, construction,
00:14:50
electricians, carpenters,
00:14:52
uh the fracking industry, coal, nuclear,
00:14:55
everybody. So, this is going to be a
00:14:56
broad-based uh boom uh with AI. It's not
00:14:59
just going to benefit a handful of tech
00:15:00
companies and uh that's thanks to your
00:15:02
leadership stimulating all that
00:15:04
investment. You got TSMC to invest
00:15:06
hundreds of billions in the US. That's
00:15:07
really important. We're going to bring
00:15:09
chip manufacturing back to the US
00:15:11
thanks to that.
00:15:13
It should have never left. If you had a
00:15:14
president that knew business or
00:15:16
understood what they would, you just
00:15:18
never really did.
00:15:19
Yeah.
00:15:19
You never no matter who we all like
00:15:21
certain presidents, but they never
00:15:23
understood. uh you wouldn't have Taiwan
00:15:26
right now. They would have said, "No,
00:15:28
you want to build in Taiwan, you're
00:15:30
going to have to pay a 200% tariff and
00:15:33
nobody would have left." And you would
00:15:34
have had Intel and the ones that were
00:15:36
doing so well originally, uh they would
00:15:39
have, you know, they would have been
00:15:40
supreme right now. They would have been
00:15:42
at a level like you've never seen. And
00:15:44
that's what's happening. I mean, they're
00:15:45
all coming back. You see that? Yeah.
00:15:47
They're coming back from all over the
00:15:49
world for chips and for cars and for
00:15:52
everything, every aspect.
00:15:54
And if you get rates down, which I think
00:15:56
it'll start too late is he'll for
00:15:58
too late is not too late. Too late. Too
00:16:00
late doesn't know what the hell he's
00:16:01
doing. But
00:16:02
we talked about that.
00:16:03
Good old Too late. Oh, he's so bad. It's
00:16:05
so pathetic. But anyway, he's too late.
00:16:07
That's I mean, he was always too late.
00:16:08
He was always too late.
00:16:09
But uh rates are coming down anyway. I
00:16:12
mean, this is bigger than him. As crazy
00:16:15
as it sounds, it's bigger than him and
00:16:17
big bigger than a stupid person running
00:16:18
the Fed.
00:16:19
Yeah.
00:16:20
It's uh so big that in fact you see
00:16:23
actually interest rates are starting to
00:16:25
go down on of their own valition. But if
00:16:27
we would have had a little help from the
00:16:29
Fed, the one thing that was is slowed
00:16:31
down because of him is housing.
00:16:33
Yeah.
00:16:34
And that'll catch up very quickly
00:16:36
because that's the least of it. But uh
00:16:38
this is just much bigger than really the
00:16:40
Fed in in the sense of having somebody
00:16:42
that's incompetent running it.
00:16:44
Well, you mentioned I remember this I
00:16:46
think it was like two months ago we had
00:16:48
dinner and you said very you're very
00:16:49
sensitive to the exchange rate and it
00:16:52
turns out that what you said actually
00:16:53
happened which is the exchange rate has
00:16:55
completely stabilized despite all these
00:16:56
other fluctuations. The dollar has held
00:16:58
up.
00:16:59
Dollar held up. The dollar's held up and
00:17:01
uh honestly everything's held up.
00:17:03
It's really working.
00:17:04
Uh no inflation. They said, "Oh, tariffs
00:17:07
will cause inflation." They were They've
00:17:08
been wrong about everything. And
00:17:09
absolutely these guys, and for the most
00:17:11
part, they've admit they've said, you
00:17:12
know, Trump was right because we've
00:17:14
taken in hundreds of billions of dollars
00:17:18
at levels that nobody's ever seen taken
00:17:20
in.
00:17:21
Yeah.
00:17:21
And so we've taken in all this money and
00:17:23
there's been no inflation.
00:17:24
It's just been hard, I think, for them
00:17:25
to admit it because it's not that you
00:17:27
were right, you were very right. That's
00:17:29
the, you know what I mean? Like
00:17:30
even right after Liberation Day,
00:17:31
remember they tried to create this panic
00:17:32
in the market. The market went down
00:17:34
because it created so much fear. You
00:17:35
called them panic and you were right. It
00:17:37
all bounced
00:17:37
back. No, you called there's a tweet you
00:17:39
called the absolute bottom. You posted
00:17:42
on truth social, this is a great day. It
00:17:44
was literally the bottom
00:17:46
and it's gone straight as I said start
00:17:49
in this is a great day to invest.
00:17:50
Exactly.
00:17:51
I hope a lot of people followed it. A
00:17:53
lot of people did, I guess, because you
00:17:54
know, you see what's happening in the
00:17:55
market. No, it's been it's been a great
00:17:58
uh thing to watch. They had 71
00:18:01
economists and they put me in that group
00:18:04
and I just myself and one other person
00:18:07
were right. Everyone else was wrong. But
00:18:10
it's it's even more more than anyone
00:18:13
ever thought of that. Were you thinking
00:18:15
something or were you seeing something?
00:18:16
This is
00:18:16
No, I just felt it was low.
00:18:18
I just felt it was low. I It's more
00:18:20
instinct, I think, than maybe anything
00:18:22
else. certain amount of brain power but
00:18:24
instinct maybe is more important in some
00:18:26
cases but I've had an instinct and my
00:18:29
instinct has been for a long time this
00:18:31
is what the country has to do you know
00:18:32
this is what happened to us other
00:18:34
countries were doing this to us but we
00:18:36
are in a position where we can do it
00:18:38
better much better nobody is able to do
00:18:41
what I'm doing now with this so the
00:18:45
tariffs are a big part I think the
00:18:46
spirit's a big part we have great spirit
00:18:49
you look at what we did in Iran you look
00:18:50
at that beautiful B2 Right.
00:18:52
Unbelievable.
00:18:53
That beautiful plane. I have it around
00:18:54
here someplace.
00:18:56
Look at this. This thing what what that
00:18:58
did.
00:18:59
How that flew in there, dropped those
00:19:01
bombs. Everyone hit perfectly and then
00:19:03
they said, "Scadattle, get out of here."
00:19:06
And they got out. No, it's great. We
00:19:08
just ordered a lot of the brand new
00:19:10
model of that. Just ordered quite a few
00:19:12
of them. How do you solve the the
00:19:14
government waste, fraud, abuse, the
00:19:16
spending and the outlook for fixing the
00:19:19
the spending problem in
00:19:21
Well, we're going to do that. I mean,
00:19:22
that's going to be next, but you know,
00:19:23
we're fixing another problem where the
00:19:26
numbers are going very high. The
00:19:27
numbers, you're going to see some
00:19:28
numbers that are going to be
00:19:29
astronomical when these plants start
00:19:32
opening. You know, we have a lot of
00:19:33
construction jobs building, but when
00:19:35
these plants that you guys are so in
00:19:37
love with, they start opening. Nobody's
00:19:40
ever seen plants like this. Nobody's
00:19:42
ever seen. When you hear
00:19:43
about a 50 billion dollar plant,
00:19:46
50 billion, 50 million is a big plant by
00:19:49
the old standard. Right now, you're
00:19:50
talking about 50 billion
00:19:52
when they open and they're all chock
00:19:54
full of jobs and everything else. You're
00:19:55
going to see things that are really
00:19:57
amazing.
00:19:58
And the tax cuts haven't even gone to
00:19:59
effect yet. a number of some of the for
00:20:02
for the tech industry the R&D
00:20:04
uh treatment where you can depreciate
00:20:06
R&D now in the same year instead of
00:20:07
spreading it out over 30 years
00:20:09
including structures and that's a big
00:20:11
one
00:20:12
but no tax on tips no tax on social
00:20:15
security no tax on overtime so the
00:20:17
workers want to work overtime they don't
00:20:19
get the tax that they would normally
00:20:21
have to get and that sort of stops it
00:20:22
from happening no we have a a tremendous
00:20:26
thing going and it's an honor to have
00:20:27
you with us
00:20:28
thank you sir
00:20:29
thank you very Thank you, sir.
00:20:30
Thank you.
00:20:30
To be here as always.
00:20:32
Thank you very much. Thank you very
00:20:33
much.
00:20:34
Thank you, sir.
