All Episodes
Aug. 15, 2025 - Bannon's War Room
48:55
Episode 4707: Pre Game To The Putin/Trump Summit
Participants
Main voices
a
anthony f esposito
06:07
b
brian harrison
05:41
g
gavin newsom
05:42
m
mike dunleavy
06:09
s
steve bannon
18:37
Appearances
b
ben rhodes
02:00
m
mike lindell
01:23
Clips
d
donald j trump
00:40
j
jake tapper
00:10
| Copy link to current segment

Speaker Time Text
donald j trump
A meeting with President Putin tomorrow.
I think it's going to be a good meeting, but the more important meeting will be the second meeting that we're having.
We're going to have a meeting with President Putin, President Zelensky, myself, and maybe we'll bring some of the European leaders along.
Maybe not.
I don't know that it's going to be very important.
We're going to see what happens.
And I think President Putin will make peace.
I think President Zelensky will make peace.
We'll see if they can get along.
And if they can, it'll be great.
You know, I've solved six wars in the last six months, a little more than six months now, and I'm very proud of it.
I thought the easiest one would be this one.
It's actually the most difficult.
unidentified
Who of these two do you think is going to win out in a room?
And do you think Russia is counting on being able to sway the president, who was for a moment, it looks like possibly turning away from Putin to get him back in the fold?
ben rhodes
Yeah, look, nothing is going to change Vladimir Putin's views.
Nothing has changed his views on Ukraine over the last decade.
Even after the full-scale invasion, the sanctions, unprecedented sanctions put on Russia by the Biden administration didn't change his view.
The tens and tens of thousands of Russians who've died on the front lines have not changed his view.
So I have no idea why Donald Trump thinks him being in a room with Vladimir Putin is somehow going to change Putin's position.
Putin's position has been absolutely the same since the first day of the Trump administration, since all of this diplomacy, all these promises done the war started.
It's that I get to keep all of the parts of Ukraine that Russia currently occupies, that Russia has illegally annexed.
Ukraine is never going to be allowed inside of NATO.
And Ukraine doesn't really get credible security guarantees.
So at some point in the future, I might be able to invade again and take some more territory.
That's Putin's position.
It's very clear, very consistent on it.
And I just see no strategy from the Trump administration to move Putin.
And so the question is not whether Putin moves, it's whether Trump essentially capitulates to Putin's view of the conflict, calls it some kind of peace deal, and tries to impose a version of it on Zelensky and the Europeans who absolutely do not want to see the legitimacy of Russia taking that territory.
They're realistic that Ukraine's military capacity to take all that back is limited.
But the point is that that should not be the price of a ceasefire, giving all that land away, recognizing Russian control of that land and getting ahead of Ukraine's own choices about whether they can join the European Union or where they can join NATO.
So that's really what this is about.
It's Trump wanting the kind of short-term sugar-high news cycle victory of saying he's achieving some kind of peace, and Putin wanting to essentially win the war on his terms.
And that's why it's such a kind of uncertain situation because the White House, they can move expectations up and down.
What they can't do is describe how they're going to move Vladimir Putin.
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies because we're going medieval on these people.
You're not going to free shot all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you've tried to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big line?
MAGA media.
I wish in my soul, I wish that any of these people had a conscience.
steve bannon
Ask yourself, what is my task and what is my purpose?
If that answer is to save my country, this country will be saved.
unidentified
Waru.
Here's your host, Stephen K. Manner.
steve bannon
It's Thursday, 14 August, in the year of our Lord 2025.
We'll be with you for the next couple hours going through all this, particularly talking about this, a very important, obviously, summit meeting tomorrow, the first, I think, kickoff of several meetings that will lead to hopefully a Russian rapprochement with the United States of America.
But Ben Rhodes, remember, Ben Rhodes is just a he was just a comms guy in the National Security Council, a failed playwright, yammering on for years.
These are the guys every day, they push the Ukrainian people into this war to continue to fight.
We have to underwrite it.
We have to write, underwrite all the military.
We have to write the support of the Ukrainian government, all of it.
That's all coming to an end, and they hate to see that President Trump holds all the cards in this situation.
Tomorrow, President Trump's going to leave.
It's a day trip.
He's going to leave early.
The morning show will capture, I think they leave the White House around 6:30.
They arrive early afternoon after our morning show to a joint base, Elmendorf-Richardson, in Alaska, outside of Anchorage.
As you remember, we've been talking about Alaska for the last couple of weeks about hemispheric defense and the important strategic, how important Alaska is.
As you remember, we've told you about the testimony in 1935 of Brigadier General Billy Mitchell, in which he said that Alaska is the most strategic place on earth, and it's certainly the most strategic when it comes to defense of our hemispheric defense, not just from the Arctic, but also the Pacific.
And remember, we're a Pacific nation.
Honored to have the governor of Alaska, Mike Dunlevey, on.
Governor, can you give us just frame what's going to happen tomorrow, where it's going to happen, how important this is in the history of the state of Alaska?
mike dunleavy
Well, thanks, Steve, for having me on.
Absolutely.
This is huge for the state of Alaska.
It's going to take place in the military base, as you said, at Joint Base Elmendorf-Richardson.
And that's actually inside of Anchorage, the municipality of Anchorage.
And so it's probably the best place to have it.
They can land there at the airport on the base.
They've got facilities there that can accommodate all the staff, many reporters as well.
There'll be private rooms, obviously, for the president and President Putin to have discussions.
And so we're honored to host this.
We are honored to be part of what hopefully is going to be a peace agreement that this particular meeting will set the stage for the grounds for.
And so, no, I think it's a great thing.
I mean, you've got to be able to talk with folks that are involved in these wars.
You saw that here last week with the president with Azerbaijan in Armenia.
He's done it with the Congo and Rwanda, the Abraham Accords in the first administration.
I mean, and I got to be honest with you, I think the president is not given enough credit for that.
And so if anyone could bring these two sides together and get a just peace, I think it's going to be President Trump.
steve bannon
Governor, you know, we've talked about hemispheric defense and how the central part of that is, you know, Greenland, the Panama Canal, but really the Central Pacific as the strategic heartland of the United States.
We've been spending a lot of time in the territories in the Pacific, particularly since they've had some problems here of late.
But it all centers on Alaska being absolutely central to the strategic defense of our hemisphere.
With this great power struggle in the Arctic and now the United States looking at a hemispheric defense that will center in the Pacific, do the folks in Alaska, do the citizens up there, understand how important you guys are strategically to the defense of the country?
mike dunleavy
You know, I think so, Steve.
We are detached from the lower 48.
We're up here in the Arctic, as you mentioned, rightfully so, and I think a lot of people don't realize that.
We are a northern Pacific sovereign.
We are a western Pacific sovereign.
I always tell people that, and they find it fascinating, we're a thousand miles closer to Australia than California is.
That's how far west we are.
And so I think a lot of Alaskans understand that.
We have more military, retired military per capita than any other state in the country.
We have admirals up here, generals from the Joint Chiefs of Staff retire here.
People love Alaska.
People understand our position.
And as you know, historically speaking, Alaska was invaded by the Japanese during World War II.
That's how close we are to Japan.
And Alaska was born at the height of the Cold War in 1959.
And so we're very familiar with this neighborhood.
The Russians flying over are very close to our airspace.
The Koreans with missile reach to our state.
And the Chinese plying their warships through the Bering Strait.
We understand the neighborhood that we live in.
We understand our responsibility as a true fort for North America in this side of the world.
And so, again, I think people are proud to be Alaskans, proud of our military, proud of our position in the globe, and proud of what we can do for the defense of North America.
steve bannon
Governor, obviously, President Trump's on a role in trying to get peace.
As you mentioned, Armenia, Azerbaijan, all over this.
Clearly, the Ukraine war with the number of casualties and destruction is central to this.
That's why he's going to Alaska to meet Putin.
But the rest of his agenda, the economic part, the domestic part, how do Alaskans feel right now?
It's always been a big mega state.
Where are we right now with how the domestic policy, particularly the economic policies, are kicking in in Alaska and among the mega faithful, sir?
mike dunleavy
It's been fantastic, Steve.
He is, in my opinion, he has been the best president for Alaska.
Alaska was purchased by Russia.
A lot of folks don't know that either, but they will, in 1867 for about $7.2 million for its strategic location and its resources.
We have the only North American oil giant at Prudhoe Bay on the North Slope.
We were the pioneers in LNG export for gas in the world in 1968 from Nikitsky, Alaska to Japan for 50 years.
And President Trump understands not just our location and, as we mentioned, the strategic military purpose there, but our resources, massive amounts of oil, massive amounts of gas.
We have a huge gas line, the Alaska Gas Line LNG project that is on the verge of being consummated that would provide gas to our allies in the Pacific for 50, 60 years.
It would revolutionize the economy here in Alaska.
Critical, critical minerals, rare earths, incredible finds of graphite, largest graphite find in North America, nickel find, one of the largest nickel finds in the world, lead, zinc, you name it, timber.
I mean, the list goes on and on.
This place was blessed.
President Trump understands that.
And the great thing about President Trump is his first term, we were able to open up Anwar and start working on some projects up there.
The Biden administration came in.
Everything ground to a halt.
We had 70, we call them sanctions, 70 federal executive actions against Alaska.
At the same time, the Biden administration was having conversations with some of our enemies in Iran and Venezuela about producing more oil while trying to shut Alaska down.
So this election was pivotal for the state of Alaska as a resource state.
President Trump, with his executive order, the only state in the country to get an executive order.
We were the only state mentioned in the state of the state.
And we only have 740,000 people in the state, Steve, but President Trump recognizes the importance across the board that Alaska is to the United States of America.
steve bannon
Now, tomorrow, this is going to end with a joint press conference.
It'll be historic, a joint press conference between President Putin and President Trump.
Can you walk us through anything else on the evolution of the day that you know that you can share with us?
mike dunleavy
I'll have the opportunity to meet the president early in the morning when he arrives, greet him here in Alaska as the governor.
We'll probably have a brief conversation about how things are going with the natural gas pipeline, other aspects of his executive order.
You know, some people also don't realize, Steve, that when most of our presidents go to Asia, they land in Anchorage and refuel.
President Trump has done that often, especially in his first term.
And we were able to get an opportunity to go on Air Force One several times, sit down and talk about Alaska.
But we'll meet with them in the morning.
And then, you know, people have asked me this question.
If it's a short meeting with Putin, what does that mean?
You know, we'll find out.
That may mean that it didn't go as well as we want it to go.
If it's a longer meeting, I think what that does is that bodes well for future meetings to try and get, once again, a just peace in that part of the world.
So this four or five hours is going to be crucial.
I think it's the president's going to look Putin in the eye, you know, take the measure of the man to see if he's very sincere about doing his part to help end this war.
And then hopefully what happens after this, you have President Zielinski, President Trump, President Putin, and maybe we can get somewhere with a peace agreement.
That's the hope.
steve bannon
Governor Don Levy, Alaska is a big mega state.
We got a huge war and posse up there.
So honored to have you on.
Look forward to having you back.
Where do people keep up with you on social media, sir?
How do they follow you?
mike dunleavy
They go to our Twitter.
They go to our Facebook site.
They go to our website.
But you do have a big following up here.
And if you don't mind, Steve, one of the biggest fans of yours is my friend Walter.
He's watching right now.
And I'm going to do a shout out to him.
But this is an incredible state, Steve.
If you have not been up here, we're inviting you up here to do a little podcast up here.
And we'd love to host you in the great state of Alaska.
steve bannon
Oh, we'll do that in a second.
I love Alaska.
Governor, thank you so much.
Look forward to tomorrow in the strategic Asset that is the state of Alaska.
Thank you so much, sir.
mike dunleavy
Thank you.
steve bannon
Really incredible.
Great state, great people, great location for this historic meeting.
President Trump leaving in the morning.
I believe the meeting is going to take at least the five or six hours they're talking about, maybe even longer.
There'll be a joint press conference.
We're going to give you the whole lay of the land.
Our own Brian Glenn will be there.
He's en route right now.
Brian will join us in the morning for the morning show.
Wall-to-wall coverage by Real America Voice in the war room on the historic summit in the great state of Alaska between President Putin of Russia and Donald John Trump, the president of the United States.
We got some domestic politics to talk about.
I think Gavin Newsom announced from president today in 2028, put a shot across everybody's bow.
He's coming in hot.
You know what's it about?
It's about redistricting.
He thinks he can steal a march on us in Texas because of the feckless governor, lieutenant governor, and House Speaker down there that kind of blew the chance to get this reduction done and send a message to the nation.
That's okay.
We're still going to get it done.
Brian Harrison's going to join us.
We are packed for the next, what, hour and 45 minutes.
Stick around.
Got so much going on here in the war room.
Brian Harrison from the great state of Texas.
How's that?
Alaska and Texas back to back?
Come on, man.
In the war room.
Short break.
unidentified
Kill America's Voice family.
brian harrison
Are you on Getter yet?
steve bannon
No.
unidentified
What are you waiting for?
steve bannon
It's free.
unidentified
It's uncensored, and it's where all the biggest voices in conservative media are speaking out.
steve bannon
Download the Getter app right now.
It's totally free.
unidentified
It's where I put up exclusively all of my content 24 hours a day.
steve bannon
You want to know what Steve Bannon's thinking?
Go to Getter.
unidentified
That's right.
mike dunleavy
You can follow all of your favorites.
unidentified
Steve Bannon, Charlie Hurt, Jack the Soviet, and so many more.
Download the Getter app now, sign up for free, and be part of the new thing.
gavin newsom
Where are we at?
Democracy Center.
And right outside, at this exact moment, are dozens and dozens of ICE agents.
Donald Trump, you think it's coincidental?
Donald Trump and his minions, Tom Homan, tough guy, coolly decided coincidentally or not, that this was a location to advance ICE arrest.
Indiscriminate?
Perhaps.
We'll find out later.
It was certainly indiscriminate when a 15-year-old disabled boy had a gun put to his head in Los Angeles trying to go to school just a few days ago.
unidentified
Who?
gavin newsom
I met with it.
I don't need to belabor this, except I want to level set.
People are scared.
People are fearful.
You had a United States Senator that was thrown down to the ground in a federal building.
Alex Padilla.
J.D. Vance's name is Alex Padilla, not Jose Padilla.
That's the Vice President of the United States.
It's another museum not so far away from us.
Talks about those 53 days.
Some of you know what I'm referring to.
Wake up, America.
This is a serious moment.
Wake up to what's going on.
Wake up to the fear, the anxiety.
Wake up to what's happening, not just here in Los Angeles, where we saw our streets militarized.
We saw due process rights thrown out the window.
You heard the word disappeared.
We're here with our state of mind, with the clarity of our purpose and conviction to recognize that we need to reconcile the world we're living in.
We do have agency.
We're not bystanders in this world.
We can shape the future.
And that's what we intend to do today.
We're here because Donald Trump on January 6th tried to light democracy on fire, tried to wreck this country.
Tried to steal an election, as Alex just said, by trying to dial in for 11, almost 12,000 votes.
And here we are in open and plain sight before One vote is cast in the 2026 midterm election.
And here he is once again trying to rig the system.
He doesn't play by a different set of rules.
He doesn't believe in the rules.
And as a consequence, we need to disabuse ourselves of the way things have been done.
It's not good enough to just hold hands, have a candlelight vigil, and talk about the way the world should be.
We have got to recognize the cards that have been dealt.
And we have got to meet fire with fire.
unidentified
And we've got to be held to a higher level of accountability.
gavin newsom
So that's what this is about.
It's not complicated.
We're doing this in reaction to a President of the United States that called a sitting governor of the state of Texas and said, find me five seats.
We're doing it in reaction to that act.
On November 4th, a special election, coinciding with a lot of local municipal elections, to provide a temporary pathway for congressional maps.
We will affirm our commitment to the state independent redistricting after the 2030 census, but we're asking the voters for their consent to do midterm redistricting in 2026, 2028, and 2030 for the congressional maps to respond to what's happening in Texas, to respond to what Trump is trying to excite.
And we'll do so in a way that also affirms our desire as a state to level the playing field all across the United States.
We believe in a national independent redistricting framework.
And we believe that's the right goal and the right thing to pursue.
And I will just state for the fact: Zoe Lofgren, who runs our California delegation, she authored the bill.
Democrats, Democrats unanimously supported that National Independent Redistricting Commission.
Republicans were nowhere to be found.
They want to rig these elections and they want the power that gerrymandering provides because they know what Donald Trump knows.
unidentified
He's going to lose the midterms.
gavin newsom
He knows de facto his presidency ends in 17 months when Speaker Jeffries is back in.
He knows it.
Why else would you try to rig the system?
Wake up to what Donald Trump is doing.
Wake up to his assaults.
Wake up to the assault on institutions and knowledge and history.
Wake up to his war on science and public health.
It is a war against the American people.
This is a guy who lays claim to want to get a Nobel Prize sitting there and betting his knee to Mr. Putin.
You have the power to straighten this out.
And so I want to again just thank everybody for exercising not just their formal authority, yes, that's what we're doing, but also sharing their moral authority at this moment.
unidentified
I want to thank everybody for being here today.
We're being here tomorrow.
And most importantly, we're counting on all of you on November 4th to be there for each other to win this election and stand up for our democracy.
gavin newsom
Thank you all very, very much.
Everything you know about the authoritarian tendencies of the President of the United States, I said it a moment ago: wake up, America.
Wake up.
You will not have a country if he rigs this election.
You will have a president who will be running for a third term.
Mark my word.
I wasn't exaggerating when I said that I received in the mail a Trump 2028 hat from one of his biggest supporters.
These guys are not screwing around.
The rules do not apply to him.
The most corrupt president in history doesn't believe in free enterprise, crony capitalism.
He is wrecking this country, wrecking the economy.
He's a lawless president.
Wake up, America.
Wake up to what's going on.
steve bannon
Okay, right there, folks, just so you understand what's going on.
Gavin Newsom announced that's his presidential launch today, and he's doing it on, as we told you, the most important topic now in politics all the way through into 2026, the correct and accurate reflection of the demographic shift in the United States of America in redistricting, both a mid-decade census.
There's going to be ruling on this, on the gerrymandering by the Supreme Court, and most importantly, using your agency.
Is Newsom like ripping us off?
I know they watch the show and take notes, but good God, man, everything on the board.
Use your agency.
Right now, I want to bring you Brian Harrison.
Brian, Newsom would not have been able to get such a big launch today if the feckless governor of Texas had done his job.
So here we are.
Give us an update on where we are.
I'm going to hold you through the break and bring you back because we've got to talk about this.
This is game on right now because Newsom's talking the same thing to Harrison and Bannerbin that, hey, if these guys are able to stop the redistricting and somehow Hakeem Jeffries is able to win, the Trump whole Trump movement and Trump Revolution comes to a grinding halt with Hakeem Jeffries, the Speaker of the House, sir.
brian harrison
Yeah, I mean, look, the Democrats clearly know what time it is in America, and I'm embarrassed to say it.
In fact, I'm mad as hell about it.
It seems like the Democrat leadership in California is more well aware of the stakes, what is on the line over the next few months than the so-called Republican leadership in the state of Texas, okay?
Gavin Newsom's leftist Democrat progressive socialist hack who's being cynical, hypocritical, and dishonest in every single thing that he's saying.
His whole, let's fight fire with fire on this redistricting thing.
Are you kidding me?
To go with that analogy, he's the biggest arsonist on planet Earth.
But here's the reality.
I believe the threats that are coming out of him.
I believe the rhetoric because the Democrats in California are playing to win.
They understand the stakes are nothing less than the future of this great republic, these United States of America.
And I'm sorry, I'm sick and tired of Republican states sitting back, taking it on the chin, not fighting as hard for the future of our states and our country as Democrats like Gavin Newsom is.
And we've had empty promise after empty promise here in the state of Texas from our elected Republican leadership.
11 days ago, we were promised by our governor, these Democrats that went rogue would have their seats vacated and they'd be booted out of the legislature.
Zero seats vacated.
10 days ago, our rhino Speaker of the House said he would arrest these 51 Rogue Democrats.
Zero arrest.
It is long past time that Republicans fight as hard for the future as the Democrats do.
And it's long past time that the state of Texas live up to its reputation and not just be different than California, but be the opposite of California.
California wants to go this progressive left utopian vision, which leads to nothing more than high crime, high housing costs, high taxes, high regulations, and people are fleeing these Democrat states, left, right, and center for red states.
But red states should be leading like Texas.
We should be the number one state in America for liberty, and we should have the boldest, most fearless Republican leadership in the country.
We should have redistricted by now.
And as far as I'm concerned, if we come back after the Democrats have absolutely wiped the floor with the elected Republican leadership in Texas for the last month, defeating every one of our agenda items in special session one in special session two, if we do not add more Republican seats to the map, I'm sorry, that's just a further declaration of defeat and waving the white flag of surrender.
And my note that the 30 million freedom-loving, patriotic Texans, they want better and they deserve better.
steve bannon
Brian, hang over a second.
I'm going to hold you through the break.
You know, the Democrats perfected gerrymandering.
You got Pritzker 14 to 3 up in the great state of Illinois, and I think, I don't know, Illinois' 45% Republican.
In Massachusetts, 40% Republican.
Not one congressional district that's Republican.
In fact, all of New England, which I think breaks down at roughly 40 to 45% Republican, right?
All of New England, all of it.
I think it's 25 to nothing, not one Republican House member.
California's already perfected this.
They're coming again.
And Gavin Newsom's coming hard.
You know why?
He wants to be president of the United States.
He's got nothing to run on in his record.
So he's going to use this as he's the guy that stopped Trump.
That's what it is.
He's the guy that stopped Trump.
Use your agency.
Just hear it right there.
Also, who sent him that hat, the Trump 2028 Act?
Who did that?
Hmm, one of his biggest supporters.
That rattled Gavin Newsome.
Okay, short commercial break.
We're going to return.
We've got Brian Harrison in the great state of Texas.
We're going to talk about next week how we get this done.
Back in a moment.
unidentified
Here's your host, Stephen K. Battle.
steve bannon
Okay, welcome back.
Brian Harrison.
Newsome's playing hardball Smash 9.
They have a 52-seat delegation.
I think they only got nine Republicans.
They're going to take as many of those as they can.
Gavin Newsom's playing Smash Mouth.
Gavin Newsom understands something.
He wants to be president of the United States.
He cannot run on his record at California because it's a disaster.
How do I know that?
Hundreds of thousands of people every year leave and flee to other states in the West, particularly the great state of Texas, right?
So that's why his demographics are shifting.
But why, brother, the Harrison plan was every week that we're out, and you said this two weeks ago, add another seat.
So that's last week one, this week one.
So we're not five anymore.
We're seven, correct?
The governor said the other night when he was babbling on Fox.
He could do to nine.
Why are we not going?
Why are we not maximalist here?
Why are we not taking nine if nine can be fairly allocated, sir?
brian harrison
Yeah, well, and let me just recap everybody where we are because we're on the last day of the special session because you've heard a lot of talk about all these punishments that have supposedly been media out.
Let me just give folks some statistics here on the last day.
The number of Democrats' seats that have been vacated, zero.
The number of Democrats arrested, zero.
The fines they're going to actually be forced to pay, zero.
The chairmanships and vice chairmanships that have been taken away, zero.
Committees they've been removed from, zero.
Seniority lost, zero.
Additional Republican seats added to the map.
We'll come back to this, but so far, zero.
How many of them have had their budget cuts, their budgets cut, at least in a way that they can't just fill in with political dollars?
Zero.
Again, still haven't even touched their parking spots.
And get this: Gene Wu, the leader of the Democrats, the socialist, is still on the redistricting committee.
Okay, so that's how unserious the Republican response has been down here in Texas.
Now let's go to the main point.
The Democrats are probably going to come back probably sometime next week.
We gavel out tomorrow.
We'll try to gavel in.
I doubt they're here tomorrow.
Probably next week they show back up with their list of demands, whatever.
And we'll probably be forced to endure some bad punishment theater where a few Democrats maybe are taking off some irrelevant committees that aren't going to meet again anyway.
So who knows?
Here's the point.
Play hardball.
Remember the stakes.
Know what time it is in our country.
And you're right.
I was pushing this idea weeks ago.
Every week they're gone, add another seat.
For folks who are following along, the original maps we contemplated added five new Republican seats in Texas.
They were gone two weeks.
We better start out tomorrow with a new map that has at least seven seats on, okay, to punish them for what they did and to make up for what California is about to do.
But quite frankly, I heard our governor on national television for the last two days start talking about adding 10 seats.
So great.
If he's got a way to get to 10, let's do that.
But here's the reality.
If our feckless and weak rhino leadership in the Texas House files another map and there's only plus five Republican seats on it, I don't care what kind of fake pretend punishments they're going to meet out to the Democrats.
We are not up to the challenge.
And we will once again have allowed the Democrats to defeat us on not just the biggest issue in Texas, but arguably the biggest issue for the future of the country and maybe the world.
So as far as I'm concerned, the only punishment I'm looking for right now, how many more Republican seats are we added to that map?
And it better be a number between seven and 10.
steve bannon
Brian Harrison, where do people follow you?
Your Twitter account is revered among Republican leadership in the great state of Texas.
Where does our audience go to participate?
brian harrison
That's right.
Go piss off a rhino today.
That's right.
Go irritate.
Do your civic service and your daily duty to go irritate at least one rhino today by going to my social media on X at Brian E. Harrison at Brian E. Harrison on X at Brian E. Harrison.
And guys, just please, the posse, Steve, I'd be remiss if I didn't say thank you again, because I assure you, if we hadn't have done, if y'all hadn't done it, lit up the phone lines, social media, Facebook, Twitter of the leadership in the state of Texas, this thing probably would have been already put to bed by now.
But they now know failure is not an option.
But remind them, not only should they get the redistricting done, minimum seven seats.
Better, eight, nine, even better than that.
Let's go.
Anything less than seven, pure capitulation to the Democrats.
steve bannon
Amen, brother.
Thank you, Brian.
Look forward to having you on tomorrow and throughout next week.
Got to get this done now.
brian harrison
Talk to you soon, my friend.
steve bannon
Listen, the trains leaving the station in California.
Just understand that.
Leaving the station.
We are absolutely packed today now through the second hour.
Also, I haven't even gotten time to break down what's going to happen tomorrow in the great state of Alaska.
I really want to thank the governor for kicking off the show today.
Anthony Esposito joins us.
So, Anthony, you're one of the big brains on Wall Street.
I appreciate you coming in.
Was that print this morning on inflation?
Was that a bad print?
How should we interpret it?
We've had a pretty good run here on the tariffs not kicking in inflation.
We know affordability and inflation, food prices, all of it, housing prices are still top of mind with people.
When President Trump's trying to get everything else done, he and Besson are focused on this.
Just walk our audience through your understanding of what the numbers today told us.
anthony f esposito
All right, Steve, thanks for having me.
The numbers, the CPI and the PPI numbers this week show a couple of things.
The first thing, as you just alluded to, is that we're not seeing any tariff influence or any tariff upward pressure on inflation in the country.
So the fear-mongering was wrong.
History showed us that it would be wrong, and it is wrong.
What we're seeing in the numbers is we're seeing inflation and energy come down, which is a huge deal.
Food inflation come down.
We saw real wages, the real value of the take-home dollar go up.
We saw small business sentiment go up to a five-month high.
So we're seeing a lot of positives.
There are pockets where either methodology is wrong, which you could make that argument, or pockets where it's just a little stickier as far as prices coming down.
And those had to do today with services and the PPI report, and they had to do with shelter, owner-equivalent rents, and the CPI report.
So those items are stickier as far as coming down, but still well below the levels that we saw under the Biden administration.
All good news.
As far as the market, the market's on fire.
Where the SP is itching to continue to hit new highs as it does.
Two days ago, off the CPI report, we had our first close ever above 6,400 on the cash.
We continue to grind higher through the PPI report.
It's interesting, the CPI report, those positives in there as a cooler report, pushed the market higher.
PPI initially looked hot.
People kind of dug into it.
The market took a little bit of a dip in the overnight in the futures or the pre-market in the futures.
And then as we got through the cash session, what happened is we got back to flat off of that number.
So what that tells you is that market participants are net positive on the report and see these reports as A, a cooling of inflation, and B, it gives potential for the rate cuts that President Trump has been touting and that Mr. Powell has been resisting.
So inflation looks like it's coming our way.
The trend is coming our way.
It is coming down and it sets up for potential rate cuts, which is what the market is looking for at this point.
steve bannon
The bond market, too, the 10-year Treasury.
I mean, it seems like both the equity markets and the bond market are starting to now kind of understand what President Trump's economic plan is and how Besset and Trump are executing it.
Am I incorrect on that?
Or do you think that what the 10-year Treasury is showing us that the bond market's in a pretty good place?
anthony f esposito
No, the 10-year Treasuries have come down off of the Biden peak.
We're down at about 4.2 now on the 10-year, which is a better level than we saw under Biden.
Even as Powell made those politicized drastic rate cuts heading into the election, that was interesting because we saw him cut the Fed funds rate, but we saw the 10-year continue to rally as far as rates.
So that was kind of not getting the job done.
The bond market is ready to fade.
And as the bonds rally, rates will come in.
That will happen as inflation cools or continues to cool.
And as growth starts to reignite, real growth starts to reignite and real take-home wages rise.
What we need the bond market to realize is Very simply, inflation is continuing to come under control, and you would be willing to lend the government money at a lower return because of the stability of the economy, economic growth, and debt.
So, we want to see debt start to come down, which is where we're heading.
We want to see real growth, which will help with deficit spending and those debt numbers coming down.
And we want to see inflation continue to fade.
If we can see those things, it's kind of another cog in the wheel of this economic plan, right?
We have taxes, we have tariffs, we have deregulation and growth, and what will that do?
That will bring rates down on the 10-year, and it will increase take-home pay and economic growth, which is what we're looking for.
The bottom line is that 10-year yield is the focus for the consumer.
It's the focus for what we pay for our goods.
The 10-year yield is very closely related to the 30-year fixed mortgage rate, the rate we pay on our credit cards, the rate we pay for an auto loan.
All of these things come down to that 10-year yield.
And I think President Trump and Secretary Besson understand that, and they understand that their plan in this move forward will get those rates lower.
steve bannon
Scott Besson got the job because he's a safe pair of hands, and the capital markets understand he understands capital markets as well as anybody.
He's done something he hasn't done, and that's the last couple of days.
He's actually putting the powell on the spot and saying, hey, we're well beyond where we should be as far as rates go.
We should have 150 basis point to 175 basis point, I think.
So that's one and a half points to 1.75 point rate cut.
Do you support that?
anthony f esposito
You know, at this point, I do.
I think that we want to get to a neutral rate.
We don't want the rate to be restrictive.
And at this point, it looks like it's restrictive.
So I think Secretary Besson's point yesterday heading into the cash session was he could see a 50 basis point cut coming.
And overall, he thinks 150 basis points to 175 basis points in a cut would bring us to a neutral spot.
And I think that you could support that with the math.
I think it's interesting that he's making the comment.
I would venture to guess that they're pretty frustrated with Powell.
I think Powell is not data dependent.
I think Powell is extremely politicized and pushing back in a way that he shouldn't.
He really, he has overseen or missed, he's overseen a massive amount of missteps at the Fed, whether it's monetary policy or balance sheet.
He's losing $100 billion a year at the Fed, and he's been doing that for three years now.
It's really unprecedented how poorly he's managing the Fed.
And the Fed and the Treasury really are working in the same ecosystem.
So if you have a Fed that's not moving along the path to improve economic conditions, lower rates, lower inflation, and improve growth, and you have a Treasury that's working in the other direction that's trying to get those things accomplished, I think it's frustrating.
And I think Secretary Besson's just voicing a very educated, very seasoned opinion of where he thinks the neutral rate is.
steve bannon
Anthony, where do people get you on social media?
Where they go to find out more about your fund?
anthony f esposito
So the fund is Ascalon 6 Capital.
The 6 is a Roman noodle.
You can go to Ascalon6capital.com.
Everything is there.
I do publish a morning newsletter on the S ⁇ P Cash.
You can get that for free there.
And on X, I'm at CMT underscore Anthony.
Again, dropping some notes, dropping some market insight, and happy to answer any questions on the fund and the fundraiser.
steve bannon
Anthony, thank you so much for taking time away today after the market to join us.
Appreciate you.
anthony f esposito
Thank you, sir.
steve bannon
Had a couple of different takes.
We're going to drill down on that even tomorrow.
Very important, the economy, particularly affordability, inflation, all of it.
Birch Gold, the Brazilians are still at it, Lula and the rest of the BRICS nations, on this de-dollarization.
In fact, I got a chart up.
Put up a chart on Getter.
Getter's totally free.
Go check it out.
I put a chart up about the de-dollarization issue, gold, Russia, all of it.
Go check it out right now.
Go to birchgold.com.
Easiest way to do it.
Take your phone out.
Text Bannon at 989898.
You get the ultimate guide for investing in gold and precious metals.
In the age of Trump, it's all free, and you can get access to Philip Patrick and his team.
And of course, the feedback we've gotten from the posse over the last four years, a rave reviews.
Make sure you understand it's not the price of gold, it's the process of how you get to the price, the process of value.
You understand that?
You understand how the world works.
Short commercial break, back in the warm in just a moment.
unidentified
We rejoice when there's no more.
Let's take down the CCP.
Day of all.
Here's your host, Stephen K. Matt.
steve bannon
Folks, you are the tip of the tip of the spear.
You're driving not just the narrative, you're driving the action of modern American politics.
It is upon your shoulders when President Trump came back from having the election stolen in 2020 and came back to Mar-a-Lago in January of 2021, when President Trump had to make that fundamental decision, the most courageous, morally courageous, physically courageous decision in American political history to say they stole this and I've got to set things right.
I will run again for the presidency when the Murdochs and everybody in the Republican establishment, everybody turned against him except you in this audience that had his back and said, hey, you're our guy.
And of course, in the logic of American history, it always had to be Trump.
You remember, we talked about this every day in those dark days.
Now they seem dark, but we could see the sunlit uplands, right?
Of what victory meant, electoral victory.
Now we're down to it, okay?
And this gets back to seizing the institutions.
You see President Trump doing this in Washington, D.C. Even Morning Joe this morning said, Hey, it is a terrible argument to make to say that crime's not a problem in D.C. and crime's coming down.
You see all these shows, and you don't have to watch them.
Our staff does to curate it.
It is over and over and over again these ridiculous statistics.
Everybody, Joe Scarborough said, everybody, regardless of your left-wing progressive or right-wing Republican, everybody knows D.C. is a hellhole, a crime-ridden, filthy, dirty, graffiti-ridden.
It's an embarrassment what's happened to this beautiful capital.
And Trump's had enough of it.
And that's why seizing the institutions, particularly about the Imperial Capitol, at the same time, the cultural institutions of the Kennedy Center and the Smithsonian and many more to come.
And of course, the universities and the law firms and the media, confronting them all.
This is what seizing the institutions is about.
And it's going to be tough.
It's going to be gnarly.
It's not going to go in a straight line.
You're going to have good days.
You're going to have bad days.
We continue to press on.
This is why you, this audience, drove the action in back of a handful of grassroots folks and a guy named Brian Harrison.
This is where Glenn's story comes in, the Patriot Mobile team, so amazing, to drive this coming out of Texas because of massive demographic shifts.
And now, because you've made it a huge deal, President Trump has said he's told Lutnick, we've got to have a mid-decade census and we've got to do it right.
And you heard Wade Miller today, and Lutnick's got to get on with it.
You got to fire today all those deadbeats at the Bureau of the Census Bureau that gave us the worst census ever last time and blamed it on the pandemic.
Seize the institutions.
The Democrats are tough.
The Democrats are hard.
Gavin Newsome, you know, Pritzker announced his count the other day, and he's lucky.
He's a bayonet.
He's a rich kid.
He doesn't really know what he's doing.
He's kind of wanders around.
You saw what he did with the folks he invited up there.
That's his way of doing things.
He's just going to spend a lot of money to try to be president.
First of all, Pritzker ain't never going to be president.
Gavin Newsom understands he's a political animal.
He understands he doesn't have a record to run on from California, the disaster they made.
That's why people are leaving.
He's going to do this with the Democrats being in the fetal position everywhere except in the courts and legal lawfair.
And Alex Marlowe's book so brilliantly lays it out.
The lawfair, he's going to step forward and said, hey, I'm going to do it.
And the first thing I'm going to do is thwart the feckless governor of Texas.
And I'm going to do a registration and I'm going to get you seven seats.
Remember, you're going to have a 52-seat delegation in California before we do the census and take a couple of three away.
But there's going to be like Massachusetts, they're going to be like New England.
You're going to have no Republican representatives, or if you do, it's going to be 50 to 2.
It's game on, folks, and you're driving this.
We need, and DeSantis done it.
Florida's going to step up.
Ohio, Indiana's got to step up.
We're going to spend more time about Indiana in the next couple of days.
Got to step up.
Don't want to hear it.
No whining in the war room.
Got to step up.
I think Missouri got another one there.
We're going to have 14 or 15 before we do the census and before the Supreme Court kicks in.
We need those and we need them now.
The reason you need them, it's fair.
We're talking about fairness to people.
This is unacceptable.
And it's unacceptable what's happened up in New England.
And we're going to get to that later.
But right now, we got 15 or more in Texas.
And Abbott, look, you've been so hapless.
And look, you can go on Fox and mumble through all that stuff.
You want this bunch of 70-year-olds.
That audience is irrelevant.
A bunch of 70-year-olds.
Okay.
The War Room, Real America's Voice, these other podcasts is where you get the battle-hardened combat veterans of politics, modern politics.
And they think you're a joke because you can't come in with all that happy talk you put up there.
You should have done this during the regular session.
We wouldn't be in this situation now.
And guess what?
We want all nine or maybe 10.
There should be one for every week.
And if you said there's nine or 10 available, we want all nine or ten.
We want to take a maximalist position on this, a maximalist position.
In New England, they did.
It's 25 to nothing.
And you got the governor of Massachusetts saying, hey, I'm going to have to register.
Lady, I think it's 10 to nothing.
You already squeezed all the juice out of that.
Six o'clock show is going to be on fire.
I guarantee you.
Now, Mike Lindell, man, you had me with two.
When two deals collide, I was focused on the War and Pie said amazing.
You threw in another third deal.
It's quantum mechanics.
It's my pillow, quantum mechanics.
I got three things moving around.
What do you got for us, brother?
mike lindell
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But now when you go to mypillow.com forward slash war room, you see that little square there.
That's my store with over a thousand entrepreneurs and thousands of USA products.
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All of my mom and dads that work from home that are taking your calls from the war room, they're so excited about these three deals that collided.
When sales collide, the war room posse wins.
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And Steve, I'll tell you what.
We watch this.
We do not watch Fox.
That's the truth.
steve bannon
Mike Liddell.
We'll see you tomorrow.
When deals collide, the second hour of War Room, we go out with the right stuff.
We're going to come in on fire.
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