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When I told people, I was making a podcast about Benghazi.
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In the final hour of the Sean Hannity Show.
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Sean, if you want to be a part of the program, uh we continue on this journey to the Gulf States with the president leaving Saudi Arabia early this morning.
Now we are in Doha.
We are in Qatar, and uh a lot of business is taking place.
A lot of financial commitments are taking place.
I mean, we're now talking about trillions of dollars between Saudi Arabia, UAE, and Qatar in investments in America.
You know, I and I think one of the un frankly underreported stories of the president's even threat of tariffs has been the willingness of companies and countries to invest in America.
Now, I want to be very, very clear here.
This does not offer or in in any way.
It does not resolve some underlying ish issues with some countries.
It does not offer um any kind of uh, you know, uh recognition of anything other than a business deal.
But let me go to the president announcing uh that he is slashing the cost of prescription drugs.
This will impact every single American family in ways that are dramatic.
Keep in mind that America develops and it costs these pharmaceutical companies billions and billions of dollars to start with a concept and finally get approval from the government to be able to sell a drug.
They have 10 years to maximize their profits.
During that 10-year period, no generic uh drug can be made.
After the 10-year period, anybody can make that drug.
But the hard part is countries that have socialized medicine don't want to pay anything near the the value of that drug that would reimburse these companies and also give them the profits so they can continue to develop other medicines that will hopefully help to save human lives.
Uh, I know many people want to demonize the pharmaceutical industry.
They do a lot of good things uh as well.
Here's what the president said.
What's been happening is we've been subsidizing other countries throughout the world, not just in Europe, throughout the world.
European Union was the most difficult from what I understand.
So for the first time in many years, we'll slash the cost of prescription drugs, and we will bring fairness to America.
Drug prices will come down by much more, really, if you think 59, if you if you think of a drug that is sometimes 10 times more expensive, it's much more than the 59%.
You know, it depends on the way you want to analyze it, but in one way you could analyze it that way.
But between 59 and 80, and I guess even 90 percent.
So When I worked so hard in the first term, and if I got prices down, remember I was the only one to ever get prices down for a full year, but I'd get them down like two percent, and I thought it was like a big deal.
Well, we're getting them down 60, 70, 80, 90 percent, but actually more than that if you think about it in the way uh mathematically.
And uh farmer has to say uh we're sorry, but uh we'll not be able to do this any longer to these comp to these uh countries that have been so tough.
They've been very tough, nasty.
It's trade.
It's trade.
Why should we be ripped off left, right, and sideways?
I mean, think about this.
About eighty percent of the world's medications and drugs that are developed are developed here in the U.S. in a way that's intellectual property theft that we've again institutionalized a system that abuses Americans.
We end up paying a thousand dollars a month for a drug.
I have a friend of mine that pays six hundred dollars for a drug.
If you buy the same drug in a country that is socialized medicine, he's paying under a hundred dollars.
It is just it just is morally wrong.
Uh, and Americans should get uh more favorable treatment on this.
I agree with him totally.
Here's what the president said on China trade negotiations as well, and you know, all that's going on here in the Middle East, it it maybe didn't get the attention it really truly deserves.
I did speak with Scott Bessant on this trip.
I I asked him, I said, How did you pull this off so quickly?
And I'll tell you his answer on the other side.
In addition, yesterday we achieved a total reset with China after productive talks in Geneva.
Both sides now agreed to reduce the tariffs imposed after April 2nd to 10 percent for 90 days as negotiators continue on the larger structural issues.
And I want to tell you that uh a couple of things.
First of all, that doesn't include the tariffs that are already on, that are our tariffs, and it doesn't include tariffs on cars, steel, aluminum, things such as that, or tariffs that may be imposed on pharmaceuticals because we want to bring the pharmaceutical businesses back to the United States, and they're already starting to come back now based on tariffs uh because they don't want to pay 25, 50 or 100 percent tariffs, so they're moving them back to the United States.
The biggest thing that we're discussing is the opening up China, and they've agreed to do that, but it's gonna take a while to uh paper it, you know, that's not the easiest thing to paper.
But that's the single, I think to me, some people would disagree, some people would say we're getting a lot of money with tariffs or whatever, but you know, especially when you add what we already have, because remember, we're already getting the fifty percent on steel and different things.
That's not included in these numbers.
So you can add that.
But but the biggest thing to me is the opening up.
It would be I think it would be fantastic for our businesses if we could go in and compete.
Now we have so much happening on the economy.
Now it's what Scott Besson told me.
I said, how is it possible a week ago?
It wasn't this past Friday, the one before the the communist Chinese said that they were, oh, if Donald Trump's serious, we were open to negotiations the following weekend.
Scott Bessent met with them on Saturday and Sunday in Geneva, and lo and behold, we have this 90-day deal that he is very confident will turn into a permanent agreement between the two countries.
Uh I also spoke with Howard Lutnik.
He did the Great Britain deal, and he explained to me in some specificity, these countries have known they're ripping us off.
They've it's just been a mad that they wondered when America would wake up to be honest.
Now, add to that, not billions, but trillions.
I know Americans kind of get confused sometimes, millions, billions, trillions.
But the amount of money from for example, on this trip that is being committed, money's to be spent in America for American manufacturing on top of the eight trillion the president already has committed in the next four years, is astounding.
It is absolutely, you know, unprecedented.
And then you look at you know, everything else that we've been watching economically, and uh a lot of things is, you know, according to every single solitary indicator, we see that every prediction on the economy has been dead wrong.
You know, including, you know, it's been what, since 2021 on on the economy, we've never had you know lower lower inflation numbers than we have now.
Uh we never had higher tariff uh income than we have now.
We've never had greater job growth for Americans than we have now.
The stock market, which is notoriously skittish, that has bounced back in a dramatic way.
And that then leads us to our next guest, our friend Steve Moore, economist author of Trumponomics inside the American First Plan to Revive Our Economy.
I happened to be on Air Force One.
I was sitting with the President when you did a hit with David Asman and it was interesting.
He paid very close attention to you saying that you were a little skeptical on tariffs, but you have become a believer because the system has been so unfair and the president knew the power and the strength of the American economy more than say many other people did.
So great to be with you, Sean.
By the way, was the president watching when I said that?
Yes, he was.
He was watching every minute of it.
Oh, that's just a little back story on that.
You know, the president was scolding me a few weeks ago saying, you're too tough on my terrorist team, you know.
And so, you know, I was a doubting Thomas.
And one of the things that Trump is a master of is even is proving his critics wrong.
And I was a critic.
You know, I go on your show.
I said, well, I'm uneasy about these terrorists.
But look, look at where we are today, Sean, versus where we were just.
even a month ago.
It's extraordinary what we're seeing.
I mean the market is way way up by three thousand points as you mentioned I thought that prices would go up because of the tariffs they didn't they didn't I was wrong.
I mean that as you said we got the lowest tariff report in in many many years uh in terms of inflation.
So this is a very very rosy picture.
Uh I don't think we're completely out of the out of uh uh rough waters entirely because I don't know if these countries are going to cheat or not that's the one thing I hope Trump is going to have strong enforcement on these but how can you say we're not out of rough waters when inflation is the coolest it's been in in four years.
Yeah it's the lowest CPI reading since February of twenty twenty one.
Now what happened in January of twenty twenty one?
Oh that's right January twentieth Joe Biden became president.
So that February number rec uh basically was a continuation of the Trump economic policies and this is before those numbers inflation went up over nine percent.
So my only remaining skepticism is whether these deals will actually come through whether these countries will actually honor their agreements I hope Donald Trump uses the Reagan maxim when he used to negotiate with Gorbachev at the Soviet Union trust but verify.
So I want to make sure these countries you know China cheats you know that you know the President Gee uh we're gonna have to make sure that they follow through with these deals.
If uh we get these eight trillion dollars of additional investment capital I mean my God you're talking about millions and probably over ten million jobs associated with that kind of capital investment here in the USA and those are going to be high paying jobs it's gonna I I I wonder where we're gonna get all the workers to fill all those jobs.
That's a great point.
One of the things I like the most about it that it I don't think enough people talk about is we are bringing back manufacturing to this country in very critical industries.
We're gonna make our our own semiconductor chips bringing back pharmaceutical manufacturing so we're not dependent on China we are also dramatically bringing automotive manufacturing again high paying career jobs that you're mentioning here back to this country.
Add to that the president you know is giving us most favored nation status on prescription drugs which I think is incredible too.
So you know I want to make sure people understand that this didn't happen by accident.
This was this was the plan.
So when you uh reduce uh regulations and um on American companies by a trillion dollars in terms of cost and then when you lower energy prices gas prices and electricity prices uh by producing more American energy and then when you cut taxes tax rates on American businesses small and large.
Uh when you do, and then you get economy out of uh you know the doge and the savings.
Those things make America a more attractive place to invest in.
This is exactly what we saw in the last economic boom when Ronald Reagan was president.
Reagan cut taxes, deregulated.
We had all this foreign money coming in the United States.
That's exactly what's happening under Donald Trump, although probably more so.
All right, quick break, we'll continue.
We are in Doha.
We are in Qatar as we continue our reporting on President Trump's historic first trip in a second term as president, and incredible news coming out of the Gulf States.
More on that on the other side.
We'll get to your calls coming up, 800-941.
Sean, part two of my interview with the president tonight.
Set your DVR, 9 Eastern, Fox News, as we continue more with Steve Moore on the other side.
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All right, we continue now with our friend Steve Moore as we talk about incredible economic news, left, right, and sideways, especially coming out of this uh the president's first trip uh abroad to the Gulf states.
Uh we are in stop number two.
We are in Doha, we are in Qatar after leaving this morning from Saudi Arabia, and tomorrow we'll be in Abu Dhabi.
I don't think we've ever seen the level of of commitment.
I do believe a lot of it's tied to national security concerns, especially in the Gulf states where I'm reporting from.
I mean, we're in Qatar today.
We're in Doha uh doing this program.
Uh it's late at night, beautiful skyline.
Have you ever been here?
I've been I was in Dubai just earlier this year.
That's not too far from where you are, and I was an extraordinary place.
So I hope you're having a great time there.
And how cool was it?
I watched your interviews on the was that on Air Force One.
You were doing those interviews with the president.
Yes, sir.
Part two will air tonight.
Uh he gave me over uh about fifty minutes worth of of material.
We're using every bit of it, so we decided to break it up into two nights and part two tonight.
Uh well, it's it's incredible, and then uh I'm jealous that you're uh getting to travel all those days with the president.
I mean, this is a guy who puts America first.
He really every decision he makes, even when I disagree with him, sometimes you know I disagree with him, Sean.
But uh, even when I disagree to him, I thought, well, he's doing this because he loves this country.
And the other thing is, if I may, it's a big difference when you have somebody in the white, just put aside ideology, because you know, obviously Biden was an ideological liberal uh and Trump is more ideologically conservative, but putting ideology aside, it makes a big difference when you have somebody in the White House who's a life for lifelong politician like Joe Biden versus a lifelong businessman like Donald Trump.
I mean, don't you think?
A hundred percent.
Steve Moore, we appreciate you, but the president was paying very close attention.
I was in the room at the time.
It was pretty interesting to watch.
Thank you, sir.
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When I told people, I was making a podcast about Benghazi.
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Why Benghazi, the truth became a web of lies.
It's almost a dirty word.
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Will we ever get the truth about the Benghazi massacre?
Bad faith, political warfare, and frankly, bullshit.
We kill the ambassador just to cover something up.
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What difference at this point does it make?
Yes, that's right.
Locker up.
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All right, part two of my interview with President Trump tonight.
Here was part one from yesterday.
We covered so much ground on a wide variety of topics.
listen.
We're trying to open up China because, as you know, many years ago we opened up the USA.
Now it's time for China to open up, and that's part of our deal.
And we're going to open up China.
To me, that's the most exciting part.
But yeah, we made a deal.
The relationship is very good.
I've always had a good relationship with President Chi.
It was interrupted because of COVID, obviously.
But uh outside of that, I've always had a great relationship, a lot of respect for him.
And uh we'll see how that all works out.
But we have the confines of a very, very strong deal with China.
But the most exciting part of the deal, we it was mentioned, but we we don't talk about it yet.
That's the opening up of China to U.S. business.
And that would be like opening up a whole new world, and I think it would be even better for China.
So I think we'll be able to make that deal, I hope.
At any point do you foresee yourself dealing directly with President Xi on the final details of this deal?
Yeah, I could see that.
I mean, I'm not sure that it'll be necessary, but uh that happened with the UK.
We were close to a deal, but we we needed one point or two points uh on pork and ethanol.
Okay, two very different subjects.
And uh I called up the prime minister who's an excellent man here, excellent man, and uh within about uh three minutes it was over.
We made the deal.
It was a good deal for everybody.
And we have a lot of deals now.
We have a lot of trade deals that want I I'd say virtually everybody wants to make a deal.
One when when I first uh saw you, um and thank you for letting us cover this and report on this on from Air Force One.
When I first saw you, I think you were more excited, you were excited about the China deal, but prescription drugs, which has been very, very painful for a lot of Americans.
Eighty percent of medications are created in America, and then we end up paying more for those medications.
Foreign countries do not pay as much as we do.
You said that is over.
Can you explain why this is such a big deal?
Well, for many years we were taken advantage of by other countries and the drug companies, but I blame the other countries in a way more the European Union, etc.
They were very nasty and very tough to the drug companies, and uh they would give them a very low price for drug costs in the European nations.
And when that price was given, that was it.
They wouldn't negotiate.
They said let America pay for the difference.
And this happened all over the world with other countries that we had stupid people leading us, and especially over the last four years.
And they wouldn't do anything about it.
And it turned out that we were paying, and sometimes you saw ten times more for the same drug.
Same drug, same company, same plant where they make it, laboratory.
And it got to a point where I said, We're not going to do this anymore.
The the pharmaceutical industry is very powerful.
And probably the most powerful, considered the most powerful lobby.
And the Democrats were making it impossible to lower drug prices.
They knew what they were doing.
And uh I instituted a most favored nations provision or concept where we're gonna pay whatever the lowest country pays in the world.
So if it's uh the UK, which pays very low, and any country, it could be any country, whatever the lowest price is, and the drug companies have accepted it, everybody accepts it, but the Democrats never wanted to play ball.
They never wanted to do anything.
It's the Democrats' fault that people were being ripped off for years and years.
And now I hear Democrats saying, Oh, well, we're gonna now go for the bill.
It's gonna be very hard for them not to approve the big beautiful bill that we're doing.
We're doing the biggest tax cuts in the history of our country, because uh people are gonna be getting a fifty to a ninety percent reduction in drug prices, not a half a percent.
I remember when I would fight so hard to get a half a point, and I actually had it down a half a point for one year, and I was so proud of myself because that never happened before.
It was always going up.
Drugs only went in one direction, that's up.
And now, after studying the industry, it's a very complex industry, but I figured it out and I said it's not gonna happen.
But the Democrats fought very hard to keep the prices of drugs very, very high.
They really are to blame for this because they should have done something about it.
And when the Republicans went with requests, they they said we're not going to approve it.
And now we have a unified Republican Party, but I think the Democrats are going to approve this bill too, because how are they going to reject a 60, 70, 80 percent drug cut?
I don't think they can.
I think it's gonna be huge.
The fact that these drugs are man uh the creation of these drugs, I mean, these companies have to go through a very arduous process to get approval by the government.
They spend billions of dollars.
Um and put aside whether or not, quote, people demonize big pharma, that's separate and apart.
However, we usually end up creating them, and then we end up paying ten times more, which is crazy.
Um, they used to use that if I could interrupt, they used to use that as a reason why we were paying five and ten times more than other countries.
They said, because of research and development.
And I'd always say, Well, what about you doing research and development for the rest of the world too?
Why are we paying for a hundred percent?
So we paid one hundred percent for research and development, which along with other things, believe it or not, raised the price to to a point where you were five to ten times higher than the rest of the world.
And I told the story today, it was well received.
A friend of mine, who's uh slightly overweight to put it mildly, went to a drugstore in London, and he was able to get one of the fat shots.
I caught the fat shot, the jazz that you lose weight.
Otherwise, a lot of people laugh at that.
Some people get offended by I don't get offended by it.
I'm just glad I didn't use his name.
He's actually a very rich guy, so very successful.
But he's glad you didn't use his name.
No, no, he's very happy.
He knows exactly what I was talking about.
He called, he said that was interesting.
He said he was very concerned that I might use his name, it might slip.
No, he doesn't have to worry.
But he went to London and he bought this uh go of you, one of those.
I guess, yeah, I'm not sure which one.
But he bought he bought one of them, maybe Ozempic.
Uh and he bought it and he's called me, he said, Hey, I strange thing happened.
I just bought a drug, same company, same plant, same everything, everything was the same.
In one case I paid in New York $1,300, and in London I'm paying 88 dollars.
He said, What's going on?
Now he knew nothing.
He's a very smart guy, he's a very rich guy.
His big problem is he's seriously overweight.
But I don't think the drug worked, okay, to be honest with you, but it makes him feel good anyway.
But so what happens is he just he said to me, uh, I paid eighty-eight dollars and in New York, I get it for thirteen hundred or something.
A massive difference.
And I said, That's right, the drug laws are very screwed up and I'm doing something about it.
He said, You better, because this is crazy.
He didn't understand it, but he he didn't understand why.
And now he understands why, because he watched our news conference this morning, holding his breath, right?
But he watches these conference.
And but think of it.
So he goes to London, and a lot of people go shopping in uh nearby or even faraway countries, and they'll go away once a month or once a week or something if it's a nearby country, they'll go right across the border and they'll buy the same drug for one tenth the price as we pay in the United States.
And uh part of is the power of the drug companies, which is a very big power, but I think a bigger part is the ruthlessness of other nations to screw the United States of America and the European Union would be the top because they represent a lot of countries, and they're brutal in according to the drug companies tell me this, they're brutal in negotiations.
They say this is what we're gonna pay.
We're not gonna pay any more, and if you need more, you get it from America.
And so they get a low price, so we get a high price.
And I ended it.
And this has been going on for many years, but nobody realized that you could do I think I figured out the system.
Very complex chain of events take place, and uh I ended it.
And I have to say the drug companies were great.
They were great.
They they said, Look, it's time.
They actually look, they said, it's time.
And here is more of my exclusive interview with President Trump aboard Air Force One.
The UAE is committed one point five trillion, Saudi Arabia one trillion.
Uh apparently you had ordered a new Air Force One in your first term.
It's they're years behind in terms of its production.
It's a Boeing.
And when I came to office, uh the Obama people had ordered it, but I they didn't sign yet, so I was supposed to sign.
They were at about five point seven trillion.
It's actually, as you know, it's Air Force One is actually two uh Boeing seven forty sevens.
And they had agreed to a price of five point seven billion, and through a series of little negotiations, I got it down very, very substantially by a lot.
With the new design.
With the well, it's pretty much the same plane with the new paint color, if you want to know the truth.
We're painting it red, white, and blue like the American flag, which is incredible.
What much more beautiful and much more representative of of us.
So anyway, I got the price way down by a lot.
And ordered it.
And when I came, I said, the plane, where's the plane?
And they said it's late.
And I said, Why would it be late?
You know, I went through a whole term, and uh where we had an election that was absolutely rigged.
And because of that, this is a much more historic presidency, I would say.
But uh I said, Where's the plane?
And they are having difficulty.
I'm not happy with Boeing, but we're gonna work on Boeing and Boeing's look, Boeing's got some unbelievable people working for it, so I'm not gonna do anything bad to Boeing.
But uh they had a strong contract.
I wrote the contract, it was a guaranteed price contract, and if I wanted to, I could you know hurt Boeing and I don't want to hurt Boeing, but they are very late with the plane, and uh Qatar heard about it, and he's a great leader.
And uh we were talking, and he said, if I can help you, let me do that.
And they had a plane, not a new plane at all, but uh they had a plane, and you know, these planes, the plane that you're on right now is almost 40 years old.
And when you land and you see Saudi Arabia and you see UAE and you see Qatar and you see all these, and they have these brand new Boeing 747s mostly, and you see ours next to it.
This is like a totally different plane.
It's much smaller, it's much less impressive, as impressive as it is, and you know, with the United States of America, I believe that we should have the most impressive plane.
So anyway, so they said to me, uh we would like to, in effect, we would like to make a gift.
You've done so many things, and uh we'd like to make a gift to the defense defense department, which is where it's going.
And I said, Well, that's nice.
Now, some people say, Oh, you shouldn't accept gifts for the country.
My attitude is why wouldn't I accept the gift?
We're giving to everybody else.
Why wouldn't I accept the gift?
Because it's gonna be a couple of years, I think, before the Boeings are finished.
And uh, and they'll be wonderful when they're finished.
But that's all right.
We'll have part two of my interview.
That was part one that aired last night on Hannity on the Fox News Channel.
We'll have part two tonight on Hannity from Doha from Qatar, uh, set you DVR, 9 Eastern on Fox.
Quick break, right back.
We'll continue on the other side straight ahead.
All right, that's going to wrap things up for today, but let not your heart be troubled.
We are loaded up.
Uh, part two of my interview with President Trump on Air Force One.
This interview went on for about 50 minutes.
I didn't think it would go on that long.
I was I was grateful for the time.
Uh also Tammy Bruce, uh, we will talk about the progress.
She's working as a spokesperson for Marco Rubio at the Department of State.
Uh, the latest with what's going on here in the Gulf States, the latest what's going on with Putin and Zelensky and whether this is all gonna go down tomorrow.
Aaron Cohn on Iran and the question of how uh America and Israel will do with the possibility of them still pursuing nuclear weapons, Kellyanne Conway, Tommy Laren, much more.
Set your DVR, 9 Eastern.
If you're in Doha, it's 4 a.m.
Uh, because that's what time we'll be doing the show.
Uh anyway, we'll see you tonight.
Uh, thank you for making this show possible.
And uh back here, well, we won't be back here tomorrow.
We'll actually actually be in the UAE in Abu Dhabi, and we'll broadcast live as we wrap up our trip.
What an incredible week it's been, I gotta tell you.
Um, historic in so many ways, and beneficial to our country as well.
See you tonight from Abu Dhabi tomorrow.
Thank you for making this show possible.
Thank you.
You want smart political talk without the meltdowns?
We got you.
I'm Carol Markovich.
And I'm Mary Catherine Hamm.
We've been around the block in media, and we're doing things differently.
Normally is about real conversations.
Thoughtful, try to be funny, grounded, and no panic.
We'll keep you informed and entertained without ruining your day.
Join us every Tuesday and Thursday, normally on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
I'm Ben Ferguson, and I'm Ted Cruz.
Three times a week, we do our podcast, Verdict with Ted Cruz.
Nationwide, we have millions of listeners.
Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes, inside the White House, inside the Senate, inside the United States Supreme Court.
And we cover the stories that you're not getting anywhere else.
We arm you with the facts to be able to know and advocate for the truth with your friends and family.
So down a verdict with Ted Cruz now, wherever you get your podcasts.
What I told people, I was making a podcast about Benghazi.
Nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
From Prologue Projects and Pushkin Industries, this is Fiasco Benghazi.
What difference at this point does it make?
Listen to Fiasco Benghazi on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.