This room needs no introduction. We're

in the Oval Office and

we're here to speak with President Trump

about all the changes and improvements

he's made to the White House. If you

look at before and after photos, which

I'm sure we'll put on the screen, the

oval looked kind of drab before

President Trump gave it a little bit of

a makeover here. And we'll talk to him

about all the changes he's made, some of

these paintings he's added, the artwork,

and then we'll go out and you're going

to see the rose garden patio as well.

I'm going all in.

>> All right, besties. I think that was

another epic discussion. People love the

interviews. I could hear him talk for

hours. Absolutely. He crushed your

questions in a minute. We are giving

people ground truth data to underwrite

your own opinion. What do you guys

think? That was fun. That was great.

>> What's going on?

>> This is the Oval Office for everybody.

And I said I'd do this for David in the

group. This is three outstanding people

that really understand uh I guess you

could say the world of Silicon Valley

and beyond, way beyond. And we're very

proud of what's happened. And David said

to me, "Would you mind giving a little

tour of the Oval Office because it is

the most important office, I would say,

anywhere in the world. People come,

kings and queens and the biggest

business people in the world, most

important people in the world, and they

they look at this and they say, "Wow,

that's the Oval Office. They want time

to digest it. And this is the new and

improved Oval Office because I had

little time and we did a lot of things

that were good. Uh it had very few

pictures. Now it has a lot of pictures

and they came from the vault. Uh the

vaults downstairs where they have

thousands actually of pictures,

beautiful paintings, some of them in the

uh in the vault for over a hundred

years. And we searched out and we got a

lot. That's an original George

Washington. Another George Washington as

Abraham Lincoln, the original.

>> And uh that's Ulysius Srant, his

favorite general. And I would say a

great general and a okay president,

right? He gets higher marks as as a

general. But these are all originals.

That's an original George Washington.

Also, we modernize it a little bit with

FDR. That's a very important painting.

FDR.

>> Yeah. Did you pick these yourself? M

>> I picked them all. Yeah, I picked them

all. They were in the vaults for in some

cases, I mean, not in the case of FDR,

but in the case of many of them. They

were in the vaults for many over a

hundred years. Uh Thomas Jefferson, as

you see, you look, we put a couple of

non-presidents.

Ben Franklin, I think, qualified, right?

Absolutely. He was in your world a

little bit. He was

>> He was Treasury Secretary,

>> but he was also pretty good inventor,

right? He was he was a lot of things. So

he certainly qualified. We have over

here we have Ronald Reagan. We took from

actually the lobby of the building. Put

him up here.

>> David Saxs has that same portrait.

>> It's a good It's a good portrait. He's a

great guy. This is Monroe of the Monroe

Doctrine in the middle. And you have

Andrew Jackson on the right and Thomas

Jefferson on the left. And all great uh

great paintings, all originals. Over

here you have one of three. This is

our big uh I guess it's sort of the

star. It's been in the vault for close

to a hundred years.

This is uh

>> it's incredible. Nobody wanted to put it

up before you.

>> Well, they wanted to and the people they

weren't able to do it actually because

you know the curators here have a lot of

power and they can tell you no without

saying no. And some of the I can tell

you two of the presidents I know wanted

it up and it never got up. But I think

they liked me better. And part of it is

it's very delicate the paper,

>> right?

>> And they, you know, the paper with the

light and everything else.

>> But you protect it with the curtains.

>> What we do is if you pull that curtain,

you'll see what happens. We just go

ahead and pull it if you'd like.

>> See that covers it up.

>> So now it's protected from

>> Yeah.

>> Because the paper's very delicate,

right? And that was the problem with

getting it up. So we did that. We

devised that. And but the curators,

yeah, you can open it up again, I guess.

But the curators made it difficult for a

couple of people to get it up. I don't

think they were going to let it come up.

>> So they like me better. They know I take

good good care of things. But this is a

very famous bust of

>> Lincoln. There's George Washington. It's

an incredible place. Now many of these

things this this I moved them here. You

have uh Winston Churchill over here,

you've Eisenhower.

It's been an amazing place to work with.

But what really is uh something very

special is when you have people the

biggest in the world. They walk into

this office and they just want to look.

>> Yeah.

>> And we added a lot of 24 karat gold and

it's very expensive and I think very

beautiful. You know, when you look at

the fireplace when you have a leader

sitting on the one side and the other

side and you look at what's behind with

the lights beaming and that's all 24

karat gold and that's why it it just

beams.

>> Was it not gold before this was?

>> No, it wasn't. They didn't have really

any gold. They didn't have gold and they

do now. There was actually a flat piece

of marble

>> there for a long time, but a flat piece

of marble. And I just felt it was

important for this office to take on a a

look that's appropriate. It was uh the

walls were painted, but it was still the

Oval Office, by the way, but the walls

were painted. Now the walls are much

more than painted. So people have loved

it. The leaders of other countries have

loved it when they come in. and it's,

you know, more representative of what it

should be. Then we're doing fixups in

the White House, too. Importantly, we

have some floors that were very bad. We

put in new slabs. I do this stuff. I

like it because I basically I like real

estate and I like building, but we've uh

if you would do it, you can look up, but

we put some marble floors over there

that are incredible. What we can do

today, the workmanship. Did you notice

the floor as you walked by? It's a

beautiful floor that was that had little

on one by one tiles in it and now it has

big slabs of white marble. Uh it's it's

really beautiful. And as you know, we're

going to be building a ballroom. Uh for

150 years, they've wanted a ballroom at

the White House. When a dignitary, a big

dignitary, the head of China, the head

of any country you name would come over,

they would uh build a tent in the lawn.

And if it rained, it was a big problem.

It was a big problem. But they just put

a big tent on the lawn. Now we're going

to have a a worldass ballroom, beautiful

ballroom which is built right on the

other side by the east room. So I think

uh we've done a real job and most

importantly we have a great economy. We

have a lot of people working and we have

an industry that you guys are very much

leading. The job you have is very

important but you're leading it and I

think it's going to be maybe maybe the

most important industry of them all.

What do you think about that?

>> Absolutely. Yeah, I

>> think so. Right.

>> Yeah, absolutely. And we're very honored

for the tech industry to be the first

one that you've brought to do a rose

garden dinner. That's right. This the

first one. And

>> that's right. We're doing a rose garden

dinner. I think what we'll do is we

might move it cuz it's a little rainy.

>> Of course it is.

>> But and actually it's a little bit

easier to talk inside also. So we're

going to have a good group. But it's uh

that's your rose garden. So the rose

garden would

>> we, as you know, had grass and you

couldn't have any you couldn't do

anything. You couldn't do press

conferences. All of the things that you

like to do, you couldn't do it. And we

put beautiful stone, white stone down.

And now we can have all sorts of things,

including they can have dinners at the

Rose Garden, etc., etc. So, senators,

congressmen, and women can come over.

>> Was there push back? There was a little

bit of push back.

>> You know what? Very little, I tell you.

I thought there'd be a lot. Uh, very

little. It's done, and it's complete,

and people love it. You know, they love

the look of it. It looks good. It looks

actually I think better. Problem with

the grass you couldn't do anything with

it. You'd have a press conference. I

know uh Prime Minister Modi was here

from India and recently and he was uh

trying to give a press conference.

Everyone was the women with their high

heels were it was not a pretty picture.

>> Tears are all uneven on the ground. It

was a fun. It was a little bit tough.

>> Did you find the crack, sir? Was it you

that found the crack? And then

>> it was incredible. We had uh we had but

look it was it was beautiful but it's I

think it's more beautiful now and you

can we can use it.

>> What was the motivation for the

ballroom? Mr. President,

>> well they've just wanted a ballroom and

I know for a fact cuz you know I've been

here now a long time and uh when you

have a big dinner, you can't really have

a dinner here without putting up a tent

and a tent is not appropriate for what

we do even from a security standpoint.

So, uh, I said in the first term, I'd

love to have a shot because I'm going to

get them a beautiful ballroom. And

that's what we've done. But you really

want it so that you have a lot of big

events. You have a lot of events that

aren't necessarily for the heads of

state. They're just big events for AI or

for something

>> and you want to have a lot more seats

than they have. You just didn't have. We

have beautiful rooms, but we don't have

big rooms in the White House.

>> So, now we're going to have a big room.

We're going to have a beautiful

ballroom.

>> How long till it's done? couple of

years.

>> It'll take a couple of starting in about

two weeks.

>> Oh, wow. Breaking two weeks.

>> It's gonna be It's going to be great.

It's going to be top of the line.

>> I I heard you had the plans on your

desk. Is that true? Is that

>> I do. I just took them off because uh in

tribute to you guys. I don't want to

look a little messy, but I know I've had

the plans and it's a great It's right

facing the Treasury Building and facing

the Washington Monument. You have a view

of everything. You have view of the

White House. We have views on all four

sides. Beautiful. It's going to be

great.

>> What do you call the new Rose Garden? Is

it still called the Rose Garden?

>> Well, they're calling it the Rose Garden

Club.

>> The club,

>> but it's just uh a place where people

can have dinner now, which you couldn't

have done before. We have uh beautiful

kitchens and the White House will use

them. But I think senators, congressmen,

congresswoman, they're going to come

over and they're going to enjoy it. And

maybe we'll let Democrats come too

because, you know, it might bring people

together. That'd be nice. If it brought

people together, that would be nice. So,

but it's great to have you at the White

House. It's great to have you in the

Oval Office

>> and have a good show. Keep your show.

>> Thank you, sir. And, you know, I I

thought it would be more interesting for

our audience to see this the side

>> of you because I've talked to some of

the tour guys of the White House and

they're always saying that you walk

around and you give notes to the

landscapers, the gardeners to fix things

and you pick out all the paintings

yourself. And I don't know if people

know how conscientious you are about the

White House, how much you care about the

White House, how much you care about the

history, and you want to make it as

beautiful as possible. And you've made

it even more incredible than it already

was, like no other president.

>> There's an incredible video clip, sir.

It's like the day after you were

reelected, maybe like a few days after,

and you were in Mara Lago, and you were

walking with the grounds person with a

notepad. Yeah.

>> And you were pointing to the all of

these little things, and it was like the

most incredible thing because it's like

this attention to me is wonderful.

>> Well, we've done a lot. The White House

was it needed some love.

>> You think it got it with Biden? I don't

think so. You think he does this? Do you

think he says that marble's not looking

good? We have to replace that marble.

No, he doesn't do that. But, uh, we have

a great administration going. We have,

and you're a big part of it. Uh, but we

have a great administration. We have a

country that's doing really well. And

leading in AI is an honor. And then

we're going to keep leading, too. We're

going to be doing something that I'm

proud of. I said, you know, you need

massive amounts of electricity, as you

people know better than anybody. And I'm

allowing the people that are building to

build their own electric plants, which

nobody thought

>> Yeah.

>> would happen. And I sort of think that

was my idea. You can't go into the old

grid. So they could build the most

magnificent electric uh producing plants

almost becoming a utility.

>> Yeah. And if they build more than they

need, they can sell it back into the

grid. Put it back into the the grid,

which is good. So, you're going to see

some tremendous plants going up. They've

already started, as you know. But

they're building with that. They're

building electric producing facilities.

So, it's going to be great. I think that

made a big difference. Don't you think

if we didn't do that?

>> Totally.

>> They couldn't hook it to an old grid.

>> Absolutely.

>> I don't know if anybody's told you, but

we had dinner with Senator Crapo

yesterday. Yes. He said this incredible

thing when the CBO originally priced the

big beautiful bill. They thought it was

minus3 trillion. They just updated it

because they have to. And it's actually

a surplus.

>> Oh yeah.

>> It's like 300 billion. It's an

incredible thing.

>> Well, we're taking in hundreds of

billions of dollars worth of tariffs.

>> Yeah.

>> The money is coming in at levels that

nobody ever thought possible. You know,

they gave us no credit for that because

it was never done before. And now the

numbers are much higher than anybody

ever thought. 600 billion from Japan,

90% to America

>> of the profits,

>> 950 billion from the European Union,

>> uh 350 billion from South Korea. No, the

numbers are the numbers are incredible.

And and frankly, I could have done more

if, you know, I wanted to take it nice

and easy. I didn't want

>> You did a great deal with Intel

recently, so you're putting the balance

sheet to work, which I think is really

>> The balance sheet is going to be great.

The country is We're really doing well.

uh we have to maintain it. We have to be

smart. AI is a big factor. But we have

all the car companies coming back in

with their plants. You know, we lost

almost 60% of our car producing if you

go back 40 years. We made all the cars

and now we don't make close to all. And

we may be at a higher level than we were

40 years ago by the time the car

companies just like AI. The car

companies are coming back. Factories are

coming back because they don't want to

pay tariffs. Yeah,

>> you know, they like me, but they don't

want to pay tariffs.

>> And so, we put together an amazing

thing. They're coming they're leaving

from all other countries. They're coming

here. They're they're building massive

plants. Plants the likes of which we've

never seen at the auto plants. Uh, and

the union, the auto union,

they love Trump. They got it right at

the beginning and they voted for me.

But, uh, their vote is now well

justified. But the auto companies are

building unbelievable numbers of plants

and big ones.

>> And one thing I want to add on AI, sir,

is that this investment that you're

basically triggering is going to benefit

all Americans, not just Silicon Valley

companies. When we were in Pennsylvania

and you announced $92 billion of

investment, they had people from the

trades there, construction,

electricians, carpenters,

>> uh the fracking industry, coal, nuclear,

everybody. So, this is going to be a

broad-based uh boom uh with AI. It's not

just going to benefit a handful of tech

companies and uh that's thanks to your

leadership stimulating all that

investment. You got TSMC to invest

hundreds of billions in the US. That's

really important. We're going to bring

chip manufacturing back to the US

>> thanks to that.

>> It should have never left. If you had a

president that knew business or

understood what they would, you just

never really did.

>> Yeah.

>> You never no matter who we all like

certain presidents, but they never

understood. uh you wouldn't have Taiwan

right now. They would have said, "No,

you want to build in Taiwan, you're

going to have to pay a 200% tariff and

nobody would have left." And you would

have had Intel and the ones that were

doing so well originally, uh they would

have, you know, they would have been

supreme right now. They would have been

at a level like you've never seen. And

that's what's happening. I mean, they're

all coming back. You see that? Yeah.

They're coming back from all over the

world for chips and for cars and for

everything, every aspect.

>> And if you get rates down, which I think

it'll start too late is he'll for

>> too late is not too late. Too late. Too

late doesn't know what the hell he's

doing. But

>> we talked about that.

>> Good old Too late. Oh, he's so bad. It's

so pathetic. But anyway, he's too late.

That's I mean, he was always too late.

>> He was always too late.

>> But uh rates are coming down anyway. I

mean, this is bigger than him. As crazy

as it sounds, it's bigger than him and

big bigger than a stupid person running

the Fed.

>> Yeah.

>> It's uh so big that in fact you see

actually interest rates are starting to

go down on of their own valition. But if

we would have had a little help from the

Fed, the one thing that was is slowed

down because of him is housing.

>> Yeah.

>> And that'll catch up very quickly

because that's the least of it. But uh

this is just much bigger than really the

Fed in in the sense of having somebody

that's incompetent running it.

>> Well, you mentioned I remember this I

think it was like two months ago we had

dinner and you said very you're very

sensitive to the exchange rate and it

turns out that what you said actually

happened which is the exchange rate has

completely stabilized despite all these

other fluctuations. The dollar has held

up.

>> Dollar held up. The dollar's held up and

uh honestly everything's held up.

>> It's really working.

>> Uh no inflation. They said, "Oh, tariffs

will cause inflation." They were They've

been wrong about everything. And

absolutely these guys, and for the most

part, they've admit they've said, you

know, Trump was right because we've

taken in hundreds of billions of dollars

>> at levels that nobody's ever seen taken

in.

>> Yeah.

>> And so we've taken in all this money and

there's been no inflation.

>> It's just been hard, I think, for them

to admit it because it's not that you

were right, you were very right. That's

the, you know what I mean? Like

>> even right after Liberation Day,

remember they tried to create this panic

in the market. The market went down

because it created so much fear. You

called them panic and you were right. It

all bounced

>> back. No, you called there's a tweet you

called the absolute bottom. You posted

on truth social, this is a great day. It

was literally the bottom

>> and it's gone straight as I said start

in this is a great day to invest.

Exactly.

>> I hope a lot of people followed it. A

lot of people did, I guess, because you

know, you see what's happening in the

market. No, it's been it's been a great

uh thing to watch. They had 71

economists and they put me in that group

and I just myself and one other person

were right. Everyone else was wrong. But

it's it's even more more than anyone

ever thought of that. Were you thinking

something or were you seeing something?

This is

>> No, I just felt it was low.

>> I just felt it was low. I It's more

instinct, I think, than maybe anything

else. certain amount of brain power but

instinct maybe is more important in some

cases but I've had an instinct and my

instinct has been for a long time this

is what the country has to do you know

this is what happened to us other

countries were doing this to us but we

are in a position where we can do it

better much better nobody is able to do

what I'm doing now with this so the

tariffs are a big part I think the

spirit's a big part we have great spirit

you look at what we did in Iran you look

at that beautiful B2 Right.

>> Unbelievable.

>> That beautiful plane. I have it around

here someplace.

>> Look at this. This thing what what that

did.

>> How that flew in there, dropped those

bombs. Everyone hit perfectly and then

they said, "Scadattle, get out of here."

And they got out. No, it's great. We

just ordered a lot of the brand new

model of that. Just ordered quite a few

of them. How do you solve the the

government waste, fraud, abuse, the

spending and the outlook for fixing the

the spending problem in

>> Well, we're going to do that. I mean,

that's going to be next, but you know,

we're fixing another problem where the

numbers are going very high. The

numbers, you're going to see some

numbers that are going to be

astronomical when these plants start

opening. You know, we have a lot of

construction jobs building, but when

these plants that you guys are so in

love with, they start opening. Nobody's

ever seen plants like this. Nobody's

ever seen. When you hear

>> about a 50 billion dollar plant,

>> 50 billion, 50 million is a big plant by

the old standard. Right now, you're

talking about 50 billion

>> when they open and they're all chock

full of jobs and everything else. You're

going to see things that are really

amazing.

>> And the tax cuts haven't even gone to

effect yet. a number of some of the for

for the tech industry the R&D

>> uh treatment where you can depreciate

R&D now in the same year instead of

spreading it out over 30 years

>> including structures and that's a big

one

>> but no tax on tips no tax on social

security no tax on overtime so the

workers want to work overtime they don't

get the tax that they would normally

have to get and that sort of stops it

from happening no we have a a tremendous

thing going and it's an honor to have

you with us

>> thank you sir

>> thank you very Thank you, sir.

>> Thank you.

>> To be here as always.

>> Thank you very much. Thank you very

much.

>> Thank you, sir.