Episode 5006: Left Melts Down Over Inflation Numbers; Is There A Cover Up At Brown
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Blame the Biden administration for over and over again for the economy that how the economy is today.
From your perspective, when is it?
When does it truly become cause and effect of Donald Trump on the economy?
Is it still, is there any, is there, does he have any footing to still blame Joe Biden for what American people are facing with the economy right now, Ken?
I mean, less and less.
We're almost a year in.
So, yeah, that's the playbook to blame, you know, whoever was in office when he got there.
But I mean, now it's his tariffs, the uncertainty, immigration being cut back, the illegal immigration, yes, but legal immigration also.
I mean, I think a lot of these things will hurt over the longer run.
And he's sort of counting on animal spirits, AI, something to compensate.
I'm not sure that's going to happen.
I think the downsides ahead.
The number of the morning, the CPI, oh, maybe coming in a little bit better than expected.
2.7%, a little light year.
I'm not calling, I'm just reading the headlines here.
Year over year, 2.7, ex-food and energy core, 2.6.
So four tenths off.
That is a very good number here.
And it really, I have not looked at the internals.
I'll look at them now, but it suggests that the internals are good as well.
Let's see, year over year over the last 12 months.
There is no month to month, but some guys will be able to calculate it.
Seasonally adjusted index for all items of food and energy rose 0.2% over the two months.
So correct my math here, Michael Santoli, but 0.2 divided by 2 is 0.1.
Yeah.
So therefore, that's a very, very low monthly rate here.
The index for shelter increased, you did get a really nice decline in shelter, which was 0.2.
So that was 0.1 per month.
For those that don't know who haven't read the Koran, it's a playbook of how he took over Medina and then the rest of what's Saudi Arabia today.
And then 100 years after his death, they had the whole Middle East.
And he explains how you come in, you lie, you say you're a friend, then you have your people start stabbing and killing people.
Once you're up to about 10%, that drives you out of the town.
You take over the town.
We have thousands of Imams now saying we're taking over, you're all dead, because they've gone to the global intifada.
They've gone to the jihad and multiple asset attacks and all these people getting shot and killed and them covering it up.
My wife, I told you a few weeks ago, went to this grocery store at like 9.30 at night.
She's like, hey, kids are asleep.
I forgot something.
I'm going to store.
I'm like, yeah, great.
I'm going to bed.
Because I got up at 3 a.m. Next morning, she's like, I'm really upset.
A Muslim in a beekeeper suit, the nightgowns they wear, comes and screams at her and says, you shouldn't be on the street at night.
You're a woman.
Somebody could do something to you.
And was like screaming at her.
She closes the door.
So to me, that's the red line.
And then, like I said, I took my eight-year-old daughter a few days later on an amphibious duck tour around downtown the lake.
I had done that like 10 years with my other kids.
And I get on the bus on the amphibious boat, World War II boat.
People know, it's like Duck Adventures Lost Texas.
And it's literally all Muslims.
I mean, they're just everywhere.
And so my point is, is that this is, and they're allied with the left.
They are used for a destabilization force.
And Trump just needs to point the shout out.
Because here's the deal.
We're like, oh, yeah, there's a lot of Muslims.
Why are they about to attack?
Because the Imams have given the Jihad Order thousands of clips all over the world saying this is the global intifada.
This is when they're ready to make their move.
That's why Hamas did all this.
This is a global, they think they have enough numbers in Europe, the UK, Australia, New Zealand, Canada.
They are now saying we are now going on offense.
They have put out their black flags of no surrender.
They are coming to literally come after us.
And this has just begun.
Alex, social media, where do people go to get your show?
They're trying to shut you down all the time.
Our audience loves you.
It was a magnificent presentation tonight.
Where do folks go?
We're still battling them in court.
By the grace of God, we're still here at Infowars, but regardless, we're all off showings on X, the L Show's channel on Rumble, Infowars.com forward slash show.
And we're here fighting as hard as ever.
Thank you so much, Steve Mannon.
Thank you to everybody.
And all I would say to Trump is: no, you weren't too hardcore.
You weren't hardcore enough.
Cry havoc, let loose the dogs of information war.
Tell the people, conscript them directly, ask them to join you directly and say, I need you.
Because Trump's strong.
He always like, you know, I can do it.
Just no, he has to call on us.
Any great leader has to Trump call on the people and we will have victory.
This is the primal scream of a dying regime.
Pray for our enemies because we're going medieval on these people.
Here's not got a free shot on 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're trying to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
And where do people like that go to share the big lie?
MAGA media.
I wish in my soul, I wish that any of these people had a conscience.
Ask yourself, what is my task and what is my purpose?
If that answer is to save my country, this country will be saved.
Here's your host, Stephen K. Bannon.
Thursday, 18 December, Year of Our Lord, 2025.
Want to thank everybody associated with letting us go and do the analysis last night after the president's address to the nation went to about 11 o'clock.
Pact had just great participation.
Really want to thank Alex Jones.
You just saw Alex right there.
Cry havoc and unleash the dogs of information war.
Couldn't have been better.
I mean, just incredible, incredible participation last night off the president's.
How do I say this?
He came in a little hot, right?
Which we love here in the war room.
And guess what?
Suck on this.
Inflation is cooling.
God, do I wish he had that speech tonight instead of last night with this inflation number?
EJ Antonio, okay, we got talk about cry havoc and unleash the dogs of information war.
We have Matt Boyle, we have Jack Bisobic, we have Dr. Peter Navarro, Garland Fabarito from Georgia about Fonnie Willis.
But we're going to start with the great E.J. Antonio.
EJ, lay it out for me.
You saw between Harvard professors and the crew over at Squawkbox, there were kind of face plants this morning where they were all set to just be jumping on Trump.
This inflation's out of control.
Affordability, affordability, affordability.
That word did not cross their lips.
EJ, why was that, sir?
Well, Steve, thanks for having me back.
I would say they weren't using that word because today it's not politically profitable for them to do so.
Look, the data just doesn't fit their narrative anymore.
Things are, in fact, getting better.
And I think the most telling piece of data that really clues us in on that is the fact that if we look at, let's take into account both prices, but also people's earnings.
In other words, what can your weekly paycheck buy compared to, let's say, January when Trump took office?
And then, let's say, January of 2021 when Biden took office.
What we saw under Biden was the average American's inflation-adjusted weekly paycheck falling 4%.
Again, that means that you can buy 4% less with your paycheck.
So, yes, it's true.
Under Biden, paychecks got much, much bigger.
People were paid more, but prices rose a lot faster than that earnings growth.
So that's why we got an affordability crisis.
That's why we had a cost of living crisis.
It's because prices rose so much faster than wages.
But this year, Trump has completely flipped that script.
And now what we're seeing is earnings growth that is outpacing inflation.
So far, since January now, with today's data, we see that earnings have risen about 1.6% above inflation.
So again, going back to this idea of not just that we want people's paychecks to get bigger, but we want those paychecks to actually buy more.
That's exactly what we're seeing this year under Trump.
So that tells us two things right off the bat, Steve.
Number one, things are getting better, not worse.
So there's improvement there.
But number two, and I think the vice president really spoke to this in Pennsylvania earlier this week.
We have not yet undone all of the damage from the Biden years.
Obviously, 1.6% growth is not equal to a 4% decrease.
So we are making progress.
But again, the reason people are hurting today is because we haven't yet undone all of the damage from Biden.
So we're heading in the right direction, but we got to keep going.
And the benefits of the big, beautiful bill, the capital expenditure, the huge write-offs.
You can do what I call period zero as soon as you do it.
That is all about to kick in.
That is what Scott Besson keeps saying about the end of the first quarter, the second quarter, when you really start talking about growth.
Because I think the Atlanta Fed the other day said we're close to 4%, right?
So you got growth, GDP growth, you've got jobs, and you've got higher wages.
All that's really to kick in even more than the 1.6% growth with this massive focus on returning manufacturing and high-value added, high-paying jobs here to the United States, correct?
Absolutely, Steve.
I think you really hit the nail on the head there.
The tax bill is going to help a lot of Americans be able to decrease their withholdings.
That means they don't have to have as much withheld from their paychecks for taxes.
So you're going to see people's take-home pay go up.
That's really important.
You're increasing not just people's after-tax income, but also their after-inflation income.
Really, really positive news there.
You're also going to see a lot of folks get a bigger than expected tax return in April 15th.
So look, next year, file your taxes sooner rather than later so you can get that refund sooner rather than later.
But also on the business side, you're absolutely right.
Full expensing is going to is going to really be a windfall when it comes to capital growth.
And the really interesting thing here with capital growth, Steve, is that it doesn't just accrue, the benefits, I mean, don't just accrue to capital holders, but also to labor.
If you really want the wage rate to go up, the price of labor to go up, the best way to do that is actually by increasing capital expenditure.
And a really quick thought experiment shows that if you're a worker in a manufacturing plant and you're putting something together by hand, you're much less productive than if the owner of that factory hands you power tools and now you can do 10 or 20 or 30 times as much work.
By doing more work and being more productive, that labor can command a higher wage rate.
And so the big capital investment that we've actually already seen start this year, but should really kick in, as you said, Steve, next year, I think is going to help further drive wage increases for Americans.
And that also is a very important point, right?
This is wage growth for Americans.
What we've seen so far this year has been essentially all of the net job growth in this country going to native born Americans.
Foreign-born workers, their employment level is flat.
It's actually down slightly.
So all net job growth is in the private sector and it's going to native born Americans and their wage growth is outpacing inflation.
That is all great news.
That is all great news.
EJ and Tony, where do people go to get you on social media to find up all the charts you're putting up?
Best place to find me, Steve, is on X.
The handle there is at RealEJ Antony.
Thank you, sir.
Appreciate you.
Great economic analysis on a great day for the Trump economy.
Matt Boyle, Boyle, I wish the president was the speech was dense, right?
The war impossible, you know, they can understand it because we talk about this every day.
But I wish the president had stepped back a little bit and try to explain, like EJ and Tony, try to frame exactly what he's doing economically and now how, and it'd be great the morning after the hey, 2.7 versus 3 and squawkbox, the haters over there are gobsmacked.
Your thoughts on the speech overall, sir?
Yeah, well, look, I would call it the Inbesant We Trust address, right?
Like, this is what we've all been saying across the MAGA movement: Scott Bessant, who is arguably the brightest economic mind in the nation, in the world, has been predicting a first-half economic boom next year.
And the president laid out exactly how he has been building towards that over the course of this year.
Yes, he was very aggressive in terms of laying the blame at the feet of Joe Biden and the Democrats, but also laid out what he's done and is doing to get things better for next year.
As part of this, Matt, you're going to hold through the break.
We got about a minute here.
Was part of that maybe we jumped the gun a little bit on the golden age?
You got to frame it better that exactly what he inherited because he inherited we are such a deep hole.
And maybe we didn't take enough time early on to explain to the American people away from a campaign, but actually, after you get in and walk through things, hey, this is the hole we're in.
We're going to have to dig it.
It's going to take us a year or two to dig ourselves out.
Do you think that this last night was the kind of reversing that we're in the golden age?
Yeah, but I also think, you know, again, feelings and rhetoric aside, what matters is the actual numbers.
And we're seeing the proof out there right now that the economy is bouncing back.
Boyle, hang on.
We're going to hold you through the break.
Cry havoc and unleash the dogs of information.
Or you don't have a better one than Matt Bull and Jack Fasovic.
How about that back-to-back?
Post is going to be up here.
Dr. Navarro is going to follow Matt.
We got a, we're pretty packed this morning.
Sam Tennenhouse.
We're going to continue on with the story of Bill Buckley and the revolution.
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And now, because the EU, if I can get Harnwell in the second half and not him tomorrow morning, the EU is now focused on stealing the Russian people's assets.
Yo, Putin said you do that as an act of war.
So I don't know.
Maybe they're ready to throw down hard, but this is going to get pretty gnarly over there.
Matt Boyle, President Trump's been office now 332 days, and we have 321 days until the midterm election.
So basically, this is kind of a halftime report.
Give us a quick summary of how you think the halftime report played last night in broadcast TV, not to the Warren posse, not to the Breitbart audience.
They know this stuff.
And most importantly, what's the second half?
What are the action steps in the President Trump, I think, is receiving the kick to start the second half?
What do you got for us?
Yeah, well, it feels a lot like, you know, again, President Trump is wholesale rejecting the establishment media and Democrat narrative that he's somehow not, you know, getting the economy going and that he's somehow responsible for this.
And he's speaking a different language than the people on CNBC and whatnot.
But here's the problem.
You see it this morning, by the way, with CNBC when the inflation numbers come out.
I mean, go watch their panel, right?
Like they can't explain how this happened, right?
Like they're a mess, right?
Like, you know what it reminds me of?
It reminds me of about a month after the Republican convention last year.
And, you know, right in the aftermath of the Democrat convention, a month or so after President Trump was shot.
Remember, the media, the establishment media is riding high.
They think Kamala Harris is running away with the presidential election.
And I went down to Mar-a-Lago with Alex Marlow, our editor-in-chief here at Breitbart.
We did a joint interview with the president.
And it was interesting because Mar-a-Lago was closed.
So I've never actually been there other than this time when Mar-a-Lago was closed.
So the only people there were the president and his campaign staff, like the innermost sanctum of the organization.
It wasn't like it is in the winter months.
It was like in August or so.
And, you know, we're trying to talk to him about the threats of Kamala Harris and all this stuff.
And he's just like totally of the mindset that this entire thing is fake, fabricated, and made up, and that Kamala Harris is going down in flames.
By the way, two months later, he ends up being proven exactly right, right?
So it's like, this is, it feels like another time where like all the Democrat narrative about affordability and their efforts to try to slam Trump with inflation and the economy, they could be hoisting themselves on their own petard here.
They should be very careful.
If I were the Democrats, a piece of advice to them is that if they are going to make the entire election about the economy, okay, I think that's a fight that President Trump wants to have, right?
President Trump wants to have this debate.
He thinks that the economy is coming back.
And again, to the point I was making there before the break about how this was the Investment We Trust address, right?
Again, if Besson is right, and there's a really good chance that he is, let's be clear, right?
Like he's, again, the brightest economic mind probably in the world.
If Scott Besson is right about the economy going to boom in the first half of next year, people are going to feel that ahead of the midterm elections.
And guess what?
The party in power is going to do well.
Remember what Jimmy Carvos said?
It's the economy stupid.
Well, if it's the economy stupid and the Democrats want to help Trump make the case that the election is about the economy, this could actually mean the Republicans can maybe even eke out a victory in November next year.
No, no, no.
We'll see.
But at halftime, I think things are looking pretty good for Trump right now.
You've got a lot of stuff that has not been done.
We need more populism, more nationalism, more going to deep state.
But I want to show some disturbing footage because I got a big problem with that.
Scott Besson, he knows a contributor here for years.
He's worked on this economic plan for years.
You're right.
It's Inbessant We Trust.
He's got a plan.
President Trump is one of the architects of it, obviously.
But you need some managers like Besson to oversee it.
Let's do last night after the speech, very disturbing incident with the Secret Service in Code Pink.
And as you remember, Code Pink was one of the biggest enemies of Andrew Breitbart.
Let's go ahead and play this video and I have Boyle make some observations.
We have a special guest here, and we want to make a toast for the Secretary of Treasury, Scott Besson.
So let's give it up for the man who is eating in peace as people starve across the world based on his sanctions because our economic warfare.
Of course, they're going to do this.
It's the truth.
He oversees the death of 600,000 people due to sanctions annually.
And this president, let's cheer to the Monroe Doctrine.
Who up today?
Senator Venezuela and oil.
And you have no idea how to do it.
You are ignorant.
You are responsible for the death of 600,000 people annually because of sanctions.
How many people are going to die because the blood is on your hands?
The blood is on your hands.
You should be ashamed, should not be able to eat in Pete's.
So we're here at a restaurant in Washington DC right before Trump is about to announce the accomplishments of this administration and what's to come.
Okay, thank you, Denver.
The Secretary of Treasury was having a dinner.
They had to get moved.
I don't know if the Secret Service had done a total sweep.
But once again, this was like Joe's crab shack when the president went.
Where's the Secret Service?
Why don't they step in and interview?
Code Pink are a group of very dangerous individuals.
They hated Andrew Breitbart.
Andrew Breitbart fought with these people all the time.
And Andrew Breitbart, you said to Sally about how dangerous these folks were.
How can the Secretary of Treasury, which I would argue, along with Stephen Miller and Marco Rubio and the Secretary, are really the three go-to guys in this administration for the president.
How do we have exposed the most important Secretary of Treasury, I don't know, in the last hundred years or so, sir?
Well, I mean, that's a clear security failure.
And so I hope that their answers getting made there.
But I would just say politically, does that sound like a party and a movement on the left that is winning?
Right?
They sound unhinged and crazy, right?
Like in desperate.
So again, the establishment media narrative, it feels a lot like at the height of Kamala Harris's quote-unquote campaign last year when the entire establishment media, right, in the aftermath of the Democrat National Convention, they thought she was going to sweep into the White House and win all seven swing states and maybe more than that.
Obviously, she lost all seven swing states and the national popular vote.
But again, the fact is that the Code Pink people who speak for the Democrat Party at this point do not feel like a party or a movement that is actually winning.
So they can keep trying to tell themselves this, that they're winning, but are they actually winning?
I think as evidenced by that type of a moment, it feels a lot like, you know, remember, we would see these instances over the last several years in the lead up to the 2024 election where they would confront Trump-aligned people in public places.
It never worked out for them.
And so I think that if they continue to behave like this, we're going to see a very different debate and whatnot going into next year.
And I think that as the economic numbers continue to surge back, again, you see the inflation numbers today.
And To your point, too, about the increased economic nationalist agenda, right?
More deportations, not less, right?
Like more border enforcement, not less.
More tariffs, not less, right?
The tariff, so these 1776 bonuses that are going out to the warriors, the warrior dividends is what the president's calling them, that's because of the tariffs, right?
That's cost $2.5 billion or something like that.
But that's a drop in the bucket because of the tariff revenue, right?
Like they can do all sorts of great things with the tariff revenue.
So they need to just keep drilling down on this and using the America's economic leverage.
That's the whole America First experiment.
And it's being proven correct day in and day out here after the hole that we had to dig out of.
Between the Republican establishment trying to shut us down in Indianapolis on the redistricting, what's happening in the Senate because the Mitch McConnell plan is still there.
No filibuster, no recess appointments, the blue slips are still there.
All of it.
Because some of the hardest core, like Alex Jones and Pepe's and say we need more action on the core things.
You do agree.
We need mass deportations.
We need to make sure the borders remain sealed, right?
We need the military all over these cartels.
We can't, more tariffs.
You can't be too tough.
Because you see, we're against whether it's in Providence, Rhode Island, or Savannah, Georgia, or what happened last night in D.C. and Adam Morgan.
You can't get crazier than the opposition here, correct?
Correct.
And by the way, I would say to your point about the Republican establishment, Olga, they're still out there.
They're still plotting, right?
Like we did big stories recently about how the George W. Bush wing of the Republican Party, they're out there plotting for what comes after Trump.
They're already planning it, right?
Like, and then I would say that there's still an infection in the highest levels of the Republican Party.
I call it the Paul Ryan infection, right?
Like, I mean, this Paul Ryanism is still, I mean, you see it with the healthcare debate playing out right now, right?
Like, and whatnot, right?
There's still some Paul Ryan infection around.
We need some megabiotics to wipe out that Paul Ryan infection, right?
But this, again, there's still establishment Republican types out there trying to subvert President Trump in the agenda.
But the answer is double down, triple down.
Amen from Matt Boyle.
Brother, where's your social media?
How do people get you over at Breitbart?
Yeah, at MBoyal1 on X Twitter and then at RealMapOil on True Social.
And just go to Breitbart.com.
Our team's working around the block.
Thank you, brother.
Appreciate you.
Another contributor, Jim Rickards, RickardsWarroom.com.
That's a landing page.
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Short break.
Warroop.
Here's your host, Stephen K. Banner.
Jack Pesobic, it's gotten even crazier and crazier.
I know last night, even more conversations, some federal officials talking to people, I think, getting blown off.
Now, Fox, I think, has put up footage, or actually, when we were told there was no access to this lecture hall or classroom, whatever you want to call it, there actually is, there were cameras.
They've got photos of it now up on Fox Digital.
I think I just put it up on Getter.
Give us an update, sir.
What about the Fox Digital?
Because they've been cracking down hard on this story, on Tyler Robinson, a number of the other cases out there.
And so I really, really appreciate what they've been doing.
And they've come a long way just in the last couple of years.
So huge shout out to those guys and so many people that are out there digging through on the internet.
Shout out to the Anons, by the way, that are digging nonstop.
Look, Steve, these questions are now coming up at Brown University and what you're seeing at Brown University, which runs the city of Providence.
People need to understand this.
This is a DEI nightmare.
You got the migrant police chief who can't even speak English.
He switches over to, he switches over to Spanish half the time.
And he's sitting there having conversation in Spanish.
People can't understand what's going on.
Imagine if you've got a kid that's going there or any kid at any school knowing that someone's there targeting, they're running around, shooting these students like Ella Cook and the others that are there and then disappears and vanishes.
They let the students go home, which means the witnesses have left, which means potentially the suspect and whatever accomplices they may have had now because now there's a second person of interest.
They're floating around.
I have no idea who it is.
And we get a question.
We get a question yesterday at the press conference that when I was in the White House, I didn't even see this question.
I watched the press conference after Steve, where they asked him, did you interview the students?
And the police chief up there admits that he hasn't even interviewed the student victims yet, that they haven't even talked to them about what happened in the room, haven't even gotten the basics, the who, what, where, when, why, what was the description?
Did he say that's why they can't say when they're sitting up there, Steve, they're saying, well, we have no information if he said anything.
We have no information on the culture.
We have no information on the background.
That's because you didn't do the interview.
That's because you didn't do the interview.
You didn't ask whether or not they said anything.
This is, it's horrific, Steve.
Every single one of them from President Christina Paxson on down, they all need to resign.
They all need to be fired.
And at this point, you even have Elise Stefanik up there saying it, and I totally back this.
Congress should haul them in immediately because I guarantee that every single one of these institutions up and down the line there are getting federal funds.
They need to cut that today.
Jack, we also need, I mean, the FBI is going to be much more aggressive here in the Justice Department.
This thing is such a debacle to know yesterday after, by the way, they were asked this question before, and they kind of bobbed and weaved around it.
But when they were pressed, they didn't even interview the students.
And I'm not so sure they've actually done thorough interviews with some of the victims who were people who were actually shot.
Isn't it time?
And we got to find out because parents are talking, victims are talking about Ella Cook.
We need to know that because you have 33,000 chapters of or 85,000 chapters now in high schools and colleges of turning point after the assassination of Charlie Kirk, young conservatives are coming out more than ever.
There are tens, if not hundreds of thousands of Ella Cooks out there in this country that are in relatively hostile or real hostile environments where they're showing their bravery every day by saying, I'm a conservative.
These are my values.
I'm going to try to build an organization here.
Every one of those kids is in jeopardy because you saw it last night with Scott Besson.
These people are just one level up from animals.
They are the violence of the left, the violence of the red-green alliance, the progressives, the neo-Marxists with the jihadists is simply out of control and they don't see any pushback.
So that's why somebody's got to step in here.
We need to find out about Ella Cook and parents throughout the country and other young people need to know.
We need to know the fact.
Was she targeted?
And if she was targeted, what happened to her?
Jack Basobic.
Look, Steve, I'll say this.
Obviously, in the wake of Charlie Kirk's murder, which occurred on campus, by the way, something that I think needs to be understood.
So when we talk about these two situations, we are talking about two murders of conservative activists, which took place on campus within a couple of months of each other.
And am I saying they're connected?
No.
I am saying that there are certain elements that establish a pattern here.
But I will say this.
Turning point USA is taking security extremely seriously this weekend at Amfest.
And I'll just say this.
I'm flying to Amfest today.
I am taking my family to Amfest.
I am taking my children there that I do trust the security at Amfest.
It has been increased.
I've seen the security plan.
It's very strong.
But also, also, as an added precaution, I am making sure to up my personal level of security for myself, for Tanya Tay, and for our children while we are there on the premises and moving around different locations, simply in the wake of the Ella Cook murder.
And of course, obviously Charlie Kirk's murder as well.
There's too much that's gone on.
There's too much at stake.
And look, if someone wants to come for me, they can come for me.
But with my family, I'm not taking any chances.
Steve's security absolutely has to be paramount.
And Turning Point USA is taking it very, very seriously.
I agree.
Real America's voice works.
As well as, by the way, and I'll just say it's not just private security.
There's going to be, we have security partners all the way up to, and including, by the way, federal law enforcement.
JD Vance will be there.
That means we've got Secret Service.
We've got elements of federal security.
I don't want to get into too much of it.
And as well as state and city there in Arizona and the city of Phoenix.
No, we support Turning Point and Real America's Voice making a huge effort out there.
And obviously everybody's very focused on security and people are thinking it through.
But there are hundreds of thousands in this country inspired by Charlie Kirk and really driven forward now by his assassination that are the Ella Cooks.
Her bravery is unbelievable.
Brown University is a cesspool of neo-Marxist jihadist, okay, a cesspool.
And you see those adults up there, it's a clown show.
The president of the university.
It's a prosecutor.
It's a clown show.
It's disgusting, revolting clown show.
And this shows you her bravery.
And there's hundreds of thousands of kids out there.
We need to know.
And we don't, I don't care who does it, but we need, because the local authority is not going to do it.
We need the FBI or Justice Department to step in there.
We need to find out.
If they can't find the shooter, that's a process they got to go through.
They can tell us what happened in that classroom and our lecture hall, and they can tell us what happened to Ella Cook.
We need to know that, sir.
We need to know it.
We also, it's clear at this point, the FBI needs to take over the investigation.
And I would also add that Brown University should be part of the investigation as well because of their negligence here, because there's an awful lot of questions about these cameras.
Why was there a surveillance gap in these parts of the buildings?
Why would that gap exist?
Were those cameras turned off deliberately?
Did this have to do with those protests over?
And Steve, remember, this is a whole narrative.
Go back to spring, go back to summer of 2025.
There was a whole narrative about the Palestinian protesters and these arch leftist protests, and they were occupying the campuses and the deportations that were going on.
Student visas were being canceled.
And along came all of these progressive groups saying, you need to turn the cameras off because we don't want people to be able to identify the federal government to be able to identify and Marco Rubio to come in and Christy Noam to come in and cancel those visas.
So is it true?
Is it true that those cameras were deliberately disabled, that you created your own surveillance gaps?
And whether it was done for politics or not, we need to know the answer.
Was this done for politics?
And did you deliberately drop the security and safety of your students?
We need to know the answers.
And that's why there needs to be a federal investigation into Brown University and what exactly was done there.
Because your students were not safe.
They were not put in a position where they could be safe.
There is a mass shooter.
There is a mass active shooter who is on the run currently right now.
And we need to know what happened.
And we need to know why you were not keeping your students safe.
And Steve, those facts are already in evidence, all right?
Those facts are already in evidence.
So we need the federal investigate, the federalization of the investigation into the manhunt, but we of this manhunt of the shooter and possible accomplices, right?
Because now we see the second person of interest who they're saying may be an accomplice.
They're asking people to identify.
Looks female to me, but we'll see.
And now we need a federal investigation separately into the conduct of Brown University and this president, Christina Paxson.
Did you give an order to shut down those cameras?
Was there an order to shut down the cameras?
If there was an order, who gave that order?
All of these questions need to be answered, Steve, because look, Turning Point USA, we got chapters all across the country.
Club of America, we got chapters all across the country.
And this is what terrorism does.
Terrorism creates a chilling effect.
They want you to say, well, I don't want my kid going to that class, going to that group.
I don't want my kid going in there.
Wait, they could be targeted too.
Maybe they can join a Bible study.
Maybe they could go and do something else, but I don't want my kid targeted.
That's exactly the conversation.
And I say this as a parent.
I get it.
All right.
I get it.
I say this as a parent that I know how that feels like.
And I know exactly what that feels like.
That's what the enemy wants you to think.
And unfortunately, Steve, we are not seeing appropriate action from the federal government being taken against it.
That woman was in the middle of a nest of frickin vipers.
Vipers.
And we owe it to her and her memory to get to the bottom of this today.
No more delays.
The FBI, I don't know what you're doing.
Step in there.
I don't need to have some legal mumbo jumbo.
You're the DOJ and the FBI step in and take this thing over.
Jack Vesobic, where do people go?
Look, I got a punch.
The podcast is human events.
Daily, I'm actually catching a flight.
We're going out to Phoenix, Arizona right now, America Fest.
30,000 Patriots will be there, Steve.
30,000.
This thing sold out within minutes.
And this will be the very first AmFest.
We'll be there all weekend.
You'll be there as well.
The War Room posse will be well represented.
This is the first one without Charlie.
And I'll just say this.
The worst thing that we could possibly do for Charlie Kirk's legacy would be to stop, would be to quit, would be to surrender.
Charlie was never about that.
Charlie was about the fight.
And Charlie would be the very first one to say, if I drop the microphone, it's your job to pick it up, every single one of you out of there and back me up, backfill me.
As you said once to me and Charlie, Steve, you said this once to me and Charlie.
Next man up.
Jack Vesobic, thank you.
We'll see you out there.
30,000 Patriots.
And Charlie Kirk gave his life for this.
And we are not going to drop the ball.
Thank you, sir.
Appreciate you.
Thanks, Steve.
Peter Navarre joins us by phone.
Dr. Navarro, your assessment, first off, I was going to get your assessment of the speech, but the CNBC squawk box, where you normally hang out, they face planted this morning about the inflation number.
Can you give me a minute on that?
I'm going to hold you through the break.
What about inflation, sir?
That was exactly what we said was happening in this country.
That was a beautiful prince.
Steve, I don't know if you know this, but if that keeps going that way, the inflation rate's going to drop to 1.2% year over year, which is well below the Fed target.
So you saw the stock market rally.
You saw the bond market rally.
And this is what Trumpnomics looks like.
So yeah, it's too bad that print didn't come out before the president's speech last night because he could have rubbed that in the face of all the naysayers.
Good print.
A good print.
It's a great print.
Peter, I know you've been tied up this morning.
We're going to hold you through the break.
I got a couple more questions to ask you.
But, brother, when that print came across, you should have seen Squawk.
You should have seen CNN.
They were all set right just to jump on, and it was a full face plant.
Dr. Peter Navarro joins us by phone.
We're going to take a short commercial break.
We're going to return in a moment.
We've got a lot to get through.
Sam Tannenhaus is going to join us.
Gabe Kaminski is going to join us.
Gabe Kaminski got pretty startling story about the Chinese Communist Party and some of these do-gooder climate change environmental groups.
Who's actually doing what?
Who's paying for it?
Who's benefiting from all of it?
Dr. Peter Navarro, next.
Short commercial break.
Back in a moment.
We will fight till they're all gone.
We rejoice when there's no more.
Let's take down the CCP.
War Room.
Use your hoofs.
Stephen Kayman.
Dr. Navarro, I know you've got a big meeting coming up.
You only got a few minutes, but your tariffs are generated.
You're the architect under President Trump of these tariffs.
You've been fighting for this for decades, generating enough cash now to pay the troops a little bonus.
Things are coming in.
You and Bess have been working on this, getting capital into the country for manufacturing.
Inflation's coming down.
A great print today.
Tell us the action plan going forward.
This was the halftime report last night.
332 days in office, 321 to the midterms.
Sir, give me what the opening kickoff is going to be like on the economic side.
First of all, Steve, that was a stroke of genius.
You're burying the lead, the check that the troops are going to get.
What is it?
$1,776, $1,776.
No symbolism there whatsoever.
But it speaks to the fact that this president just so admires the military in this country.
We'll always have their back.
And it also speaks to the success of the tariff program because we literally are taking in hundreds of billions of dollars.
It's going to be trillions.
And one of the themes of the war room, which is so important, is to continually remind the American people, as you did, Steve, for the four years of Biden of the fiscal cliff.
I mean, they were literally driving us over a fiscal cliff.
And the president's trade policy, not just defending our factories, our jobs, making our supply chains come on home.
It really is going to be the key to fiscal stability in this country and lower interest rates.
It's so synergistic.
And that's what I love, Steve, about how the president thinks synergistically, the three-dimensional chess aspect of how everything fits together.
If you lower oil prices, the price of beef goes down, things like that.
So what we are doing literally 24-7 is working on the various aspects on the inflation front.
You've got the housing issue, which we're tackling through deregulation, but also by getting the 20 million illegal aliens out.
My fun stat there, it's really extraordinary, Steve.
1 million illegals is 1% increase in housing costs for the American people.
20 million is a 20% increase just from illegal immigration.
So as they're stealing our jobs and driving down our wages, they're driving up our rents, housing costs, and even interest rates.
And it's worse than that because that's a national average, but they cluster in blue states like Chicago and New York.
So you get this paradox where the Democrats, through open border policies, increase rents in New York and Chicago.
And then people like Mom Dami run on rents that are too high and somehow promise they're going to deliver us from that evil.
It's like insane.
So we're tackling that.
We've obviously already handled the energy issue.
But having said that, there's pesky little things like the fact that we don't build refineries anymore, particularly in places like California.
We've got to ultimately do that to prevent problems there.
We're dealing with electricity costs going up, and there's going to be some action taken on the role of these data centers and how they contribute too much to that.
If you look at, for example, the food, we got egg prices down.
If you look at this great print, Steve, today's print, there's a nice little thing in there about eggs.
Eggs keep going down.
And that's a beautiful thing.
And then the healthcare issue.
We've really got to tackle that in a way.
Here's the thing, Steve.
Let me give you the war room this little fact.
It's like every time we throw more money at Obamacare, that money doesn't go to people.
It goes to the middlemen who benefit from a system which essentially is an oligopoly and oligopsony.
Okay.
So that money goes in there, and all it does is drive up the cost of prescription grubs and insurance.
And they take the money, not us.
So this whole idea is that you can spend your way out of a healthcare crisis, that's the Democrat stupidity.
And Democrats cause inflation, Trump cures it.
Democrats cause inflation, Trump cures it.
There's going to be a Navarro drinking game.
Every time you hear me say that over the next 10 months, you get to have a shot of orange juice because I don't condone how to do it.
But we're working hard, but the messaging is going to be as important as the action, action, action, Steve.
And so always a pleasure to get on the war room and rub the print in Morning Joe's face and Andrew Shorts' face and Becky Quick's face.
It's like, Andrew, no, I'd like to.
Come on, man.
Becky, I'd like Becky.
Don't pick on Becky.
Andrew Rossorkin, suck on that.
Joe Kernan and Becky are my guys.
Dr. Navarra, where do people go?
You're putting up, so you just put up something on this Financial Times piece.
Where do they go to get your writing, sir?
Where do they go to get your social media?
PeterNavar.com, PeterNavar.com.
It's the clearinghouse, but there's some nice stuff.
We're doing some really nice videos and threads on X. That's Real P. Navarro.
And, of course, Getter and True Social.
So have at it.
If you really want to stay abreast of what's going on at the White House, check out my stuff because I'm particularly on the economy.
We're really hammering that.
But keep doing what you're doing, brother.
The war room rules.
And tip of the spirit time.
Oh, one last thing, Steve.
Yes, sir.
Yesterday, I had to go into the executive clerk's office for some administrative purpose.
That's the guy who's in charge, among other things, of all the commissions, right?
When somebody gets confirmed at the Senate for a high-ranking job in the ministry.
How many unfirmed commitments?
We got to bounce.
How many unconfirmed commissions do we have, sir?
How many?
What's the number?
This is your number for the day, and you send a strong message to the U.S. Senate: 207.
Wow.
Unsacked.
Yeah, that's a wow.
Okay, you know what that means?
That's the force multiplier.
You put 207 people in running these deep state agencies.
You get done.
You let them sit in the desk because the Senate doesn't have its act together and you get what we got.