RADIOApril 02, 2025

Will Trump’s “Liberation Day” Tariffs Restore American Manufacturing?

President Trump has declared April 2, 2025, “Liberation Day.” But will his reciprocal tariff plan work and bring manufacturing jobs and prosperity back to America? Glenn speaks with economist Stephen Moore on what Americans can expect once the tariffs hit. Yes, there will be pain, Moore says. But “Trump is the single best negotiator I have ever met in my life and I think, in the end, he will prevail.” Moore also urges the White House to emphasize its regulation and tax cuts along with the tariffs. Plus, he predicts what America could look like a year from now and what Americans should prepare for.

Transcript

Below is a rush transcript that may contain errors

GLENN: Stephen Moore. My good friend, how are you, sir?

Stephen, are you there?

STEPHEN: Good morning.

GLENN: How are you, man?

STEPHEN: Hi, Glenn. Great to be with you.

GLENN: Thank you very much. Today is Liberation Day. How are you feeling?

STEPHEN: Well, you know, I -- I think it's a Liberation Day. But I'm feeling a little maybe trepidation day as well.

We will see what's out there. I don't know exactly what the details are. I don't think anybody does.

Except Donald Trump at this moment.

Look, I'm a free trade guy. I understands the benefits. Benefits both countries.

But I would say, on the other hand. Because this is really a debate. Where I can go at either side of it.

Trump has an important point.

A lot of people don't understand. You have a wise listenership.

But A lot of Americans don't understand, that we're the lowest terror country in the world right now, among all the major trade partners. And what Trump is simply saying is it's not a level playing field. It's not fair. These other countries are not playing by the rules.

And they need to trade with the United States. So they better get their act together, they better start treating us fairly, or he will hit them with these tariffs. I've been listening to you, for the last 15, 20 minutes. There will be some costs to Americans.

In buying cars. And we might see a little rise in prices of things. Trump describes this as, you know, short-term pain for long-term gain. And I think it's for every American to kind of figure out where they stand on this right now.

I'm a little bit worried about it. I will say this, Trump is the single best negotiator I've ever met in my life. And I think in the end, he will prevail.

GLENN: So is he going just for a strange level field?

You can't say it's a -- it's a free market. Because there are tariffs involved. But if our tariffs are only reflecting everybody else's. Then it is a free market, if you will.

Just trying to bring everything level up to the -- you know, the place where everybody else is. Is that the goal here, which would lead me to believe, there might be some short-term effects, because we can turn the negotiating power on. Pretty quickly.

Or is he trying to bring manufacturing back, which is -- I mean, I think he's calling it Liberation Day. Because it harkens back to World War II. And he's liberating us from almost everything that we set up, right after World War II.

He's saying, effectively, with almost -- in almost every category. All of that stuff is broken. And we can't do that anymore.

So is he saying, we're not going to be part of this global thing anymore. We will bring manufacturing back here. And that will be tough. But it's the only way to really, truly grow our economy.

By building things here. Which is it, or is it both? Stephen.

STEPHEN: These are complicated questions. You know, and I can't get into Donald Trump's mind. Look, let's start with why he won this election. He won the election by winning blue-collar, middle class voters into the Republican Party, many of whom have voted Democratic, but realized that Trump was the one who really stood behind them.

I believe, gren, to answer your question about how do we make America number one in manufacturing and, you know, obviously technology. And other industries that are so important.

I believe many of the other things that Trump is doing.

For example, lead article in the Wall Street Journal this week, didn't get a lot of attention.

Front page. That Trump is deregulating our economy. It will reduce costs for American companies, by as much as a trillion dollars. So that will make us very competitive.

GLENN: Hang on just a second.

I was just talking about, I'm not seeing enough about cutting the regulation, and also cutting of tax cuts.

STEPHEN: Right. That's right!

GLENN: Because if you don't have those to go along with the tariffs, this isn't going to work. This is just not going to work.

STEPHEN: Exactly. Yeah. Great minds think alike. And that's exactly what I was going to say.

And it was almost like we were saying the same thing.

As you know, you look at the tax plan. As you know, Larry Kudlow and I -- the very first version of that tax plan. Eight or nine years ago.
And it was a huge success. Huge success.

Glenn, one of my frustrations right now, with the Trump administration, with the president. I love this guy. I mean, I would -- I would go through a burning building for him.

And he would do those things for the country. Have you heard him talk a lot about the tax cut in the last month? No. And have you ever heard him talk about deregulation last month? No.

GLENN: No. No.

STEPHEN: No. It's all been about tariffs. And, you know, that's the medicine, but people want to see the good stuff. There are issues that unify the Republican Party, like lowering tax rates, deregulating the economy, pro-America energy policy. Those kinds of things.

Frankly, the tariff issue is the kind of issue that divides us. Some of my best friends are in favor of it. I'm kind of on the fence on it. Others are strongly against it. So I want to see Trump talking a little bit more about all of the benefits of these other things that he's doing.

In fact, I've waited 40 years, Glenn, for a president to say, we're going to dismantle the US Department of Education because it's totally useless. It probably does more damage to our schools. Well, he did it.

I was there when he signed that executive order. That was amazing. He's doing incredible things for our country.

But a lot of it gets overshadowed, because all he's talking about right now is tariffs.

GLENN: Well, he's got to bring a lot of people to the table. So what do you think is going to happen?

He obviously picked 4 o'clock, because the stock market is closed, right?

STEPHEN: I guess so. He may very well be right. I think it's going to be -- nobody knows exactly what he's going to say.

But I think he is going to call for a ten to 20 percent across-the-board tariffs, on just about anything that comes into the US. Now, that will raise prices. I mean, if you put a tax on things that come in, to some extent, you know, consumers will pay the cost of that.

And then, I think he's going to go after certain countries, that are the worst abusers like China.

And, by the way, I'm all in favor of going after China. I think China is a menace. You were one of the first people that started talking about this, 25 years ago. So China is the enemy. One thing I don't get.

And I say this with all due respect, because I do love this president. I don't understand why we've got so much discussion about Canada.

Canada is one of our most important allies. And why aren't we talking about China, and some of these other countries, that are -- you know, dangerous to our economy and national security.

GLENN: I know. Yeah. I've been questioning that.

And so let me ask you, best case scenario. What happens?

What do we look like in a year from now?

STEPHEN: Other countries dramatically bring down their tariffs. Not just tariffs, by the way, Glenn.

Trump made an important point here.

Also, nontariff barriers. The fact that many of these countries have various rules that close the markets to American products. And I'm not just talking about manufacturing products. You know, we're the breadbasket of the world. We have the greatest, most productive farmers in the world. We produce more of our food and agricultural products than any other country.

And yet, many countries lock out our wheat and our corn and our barley and our meat. Our dairy products.

So I think, if this works out. And I would never bet against this president. I think you will see other countries having to open up their markets to American manufacturers and American farmers and American technology. Because, by the way, our technology company is completely discriminated against by these Europeans and these other countries.

So there's a lot to be angry about.

GLENN: Brussels said, I think yesterday, or early this morning. We've got war plans. You know, economic war plans. You go ahead, you launch these.

We're relaunching our own attack. You know, tomorrow.

Bluster or real?

STEPHEN: I'm sorry, who said that?

GLENN: Brussels. Yeah, the EU.

STEPHEN: Oh, the EU. Yeah. Right. Okay. Well, let me address that.

Because, first of all, I'm so sick and tired of these sanctimonious.

GLENN: We don't hang out enough, Stephen. I just love you. Go ahead.

STEPHEN: You know, oh, my gosh. How tear Donald Trump do this. He's starting a trade war.

I know what Donald Trump would say, if he was on your show right now. He would say, what are you talking about?

I'm -- one-third as high as theirs now. They have a lot of nerve to say Trump is causing a trade war!

I mean, you know, it's like -- if I came up to you, Glenn, and punched you in the nose.

And then you tried to fight back. How dare you start a fight with me! I mean, so Trump has the moral high ground here because we do open up our markets.

And the other countries. By the way, there was a very famous incident that happened, I wasn't there.

But my buddy Larry Kudlow was there.

At one of the G20 meetings, I think it was in Ottawa.

And the Europeans were sitting there and complaining and grousing about Trump talking about tariffs. I don't know if you're aware of this.

But Trump, it's on the record. People were there. Trump said, okay! You know what, why don't we all go to zero on tariffs?

They ran to the doors as quickly as they could.

GLENN: I know. I know. I know.

So now, tell me what you think is -- is -- say likely nor a, if things don't go exactly the way. You know, bring this up. Because Paul Krugman. The New York Times.

He said, with Biden. Don't dismiss the careful work of our statistical agencies because you're feeling angry on the check out line.

I don't want to say that about tariffs.

I mean, it's going to make things harder to buy what you need.

And we shouldn't downplay that.

The president is not even downplaying that.

He says, it's going to be a little painful for a while, right?

But people are on the edge financially. And, you know, no amount of political theory helps people pay for the groceries, or makes it feel better when you're paying for the groceries, so I don't want to be in that camp.

What should people mentally respect for, that is a likely scenario, even if it turns out, that it was the right thing? What's coming our way?

STEPHEN: So I think that Trump has -- has -- has made a mistake here, in the sense that, we should have done this tax bill, first!

GLENN: Yeah. I agree.

STEPHEN: That would have been a huge victory. I hope your listeners understand, if we don't get this thing done. We're talking about a 3,000-dollar per family tax increase. On January 1st. And, by the way, every single Democrat in Congress voted for that.

$3,000 per family tax increase. So we should -- I -- I hope as he's talking about these tariffs. He links that to the fact that he's talking about, you know -- a major growth enhancing tax reduction.

You know, I like his idea, for example, Glenn. Where he said, look, if you will bring something into the country.

You will pay a 15 percent tariff on.

But if it's made in America. You will only pay a 15 percent tax.

I love that. Let's do that.

Let's implement that now. What you're doing is giving a little bit of favoritism to some, in Ohio and Maine and Vermont.

GLENN: My guess is, he would have done that, if he could count on the Republicans.

STEPHEN: He can't! I know.

GLENN: I know. There are two groups of people that worry me.

Congress. And, quite honestly, the Justice Department. I don't know where Pam Bondi is, but that's a different story. But Congress needs to do their job.

STEPHEN: And, you know, I think you're right. What are we?

Day 89. I can't keep track.

But it's amazing what Trump has done already. I mean, Trump should have that tax bill -- he has the voter mandate.

Why have the Fed been sitting on this for five weeks?

GLENN: I can't tell you. I can't tell you. So tell me about the -- tell me about the -- tell me about the regulations that you're seeing.

Is the regulation -- because tariffs, tax cuts, regulations.

Tell me about the regulations that you're seeing.

Is it significant? The regulation slicing!

STEPHEN: Enormously so. So remember, you remember. What was the first thing that Joe Biden did when he became president?

GLENN: Energy.

STEPHEN: Yeah. He killed all our energy infrastructure project.

That's something our enemies would have done to us.

Biden did it to us. He shut down the pipelines.

He put incredibly onerous climate change taxes on our goal and gas and coal industry.

Remember Hillary saying, well, that's okay.

The coal miners can become computer programmers or something.

GLENN: That's working.

STEPHEN: Exactly. So Trump is opening up our energy. We have more oil, gas, and minerals, by the way.

You know, this new Secretary of Interior, Governor Doug.

GLENN: Burgum. Burgum.

STEPHEN: Burgum. He's doing an amazing job. You know, we have $10 trillion of mineable, critical minerals in this country. In the mountains of Utah and Dakotas. We can do that.

You know, he's --

GLENN: So, but what I want to ask you.

STEPHEN: He can allow more mergers and acquisitions. So our companies can be more effective. It's all over the board.

It's on transportation policy. And that will cut costs dramatically for American consumers and that's a really positive thing. In fact, when I give talks to small businesses, you give a lot more talks than I do.

I always ask the men and women, I say, which is worse for you? The tax burden or the regulation burden? And you know what they said, the regulations.

GLENN: The regulations, every time.

THIS is what the media should show you from Gaza

Hamas has released footage of a starving hostage who says he’s digging his own grave… so, where is the media outrage? Glenn Beck reviews the photos, which look eerily like they were taken at Auschwitz during the Holocaust. Plus, he reviews the story of an East Jerusalem resident who found a way to give aid to the Gazan people while bypassing Hamas and private contractors, who have turned hunger into “a business.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Now, I don't know if you saw the living skeleton hostage, the video that came out on Friday. Of the Hamas hostage.

It is -- it's really sick. I've only seen the pictures. I haven't seen the video.

But the pictures of this guy, who was buff. And really healthy looking. I mean, he looked really -- like he was really in shape.

He was out at the -- you know, at the concert, there in -- there in Israel.

And at the concert, he's one of the guys that was grabbed by Hamas.

They released a five-minute clip of him.
He's 24 years old. He's in a tunnel, he's standing in this tunnel with a ceiling as high as he is. They show him crossing off dates on a calendar, and digging a grave. He says, I haven't seen for a few days in a row. And if you look at him, he's nothing, but skin and bones.

I haven't seen a Jewish person look like this, since the Holocaust.

I mean, that is the image that I think -- that Hamas is trying to send to the world.

Because I think they're proud of all of this. In the middle of the video, a person behind the camera hands them a can of beans. And David said, this can is for two days. This whole can is for two days, so I don't die. This is the grave that I think I'll be buried in. Time is running out.

This is the deliberate starvation, of this hostage.

And you would say, well, the kids are starving. Now I -- let me tell you another story. I want to read this one verbatim.

When much of the world had written off Northern Gaza as unreachable, 30-year-old east Jerusalem resident, Sara Awatta and her team, carved out a lifeline. Under the umbrella of Mena Aid, a regional partner coalition operating through the multi-faith alliance and in coordination with Israeli authorities, she built a system, that moved hundreds of trucks of food and supplies into Gaza bypassing Hamas and private contractors, who had turned hunger into a business.

Did you catch that line? Bypassing Hamas and private contractors, who had turned hunger into a business. More than 100,000 families have been fed.

The cost? Her own safety.

Quote, I never imagined, that I would be creating safe, independent, humanitarian route, would become the reason my life might end, said Sara.

After delivering 346 trucks of aid, between September '24 and February '25, we have reached 100,622 families. We decided to scale up distribution on June 30th, at a time when no one was able to get anything into Gaza because of looting, chaos, and multiple layers of obstruction on the ground.

Operating through Mena Aid, her team designed an alternative route to deliver food and essential supplies.

In Israel, a trusted logistics company transported the goods from the Port of Ashdod to the Curam Shalome (phonetic) and Zitkum (phonetic) crossings. Inside Gaza, another logistics partner handled the transport, while her staff, coordinating to realtime with Israel shadowed every shipment.

Once the aid crosses into Gaza, it's picked up by another trusted logistics partner.

Our teams are present, during the off-loading, and accompany the aid from the crossing to secure warehouses. Inside the warehouses, we begin distribution immediately, aiming to deliver everything the same day. And at most, within two to three days.

Nothing is allowed to sit idle.

That level of control, allowed them to achieve what few others could, reaching northern Gaza where people had not seen a stable supply of food for months.

Her breakthrough exposed a darker reality.
An economy where hunger itself has become a business.
Now, this is reporting. That she says, quote, there's a lot of private sector businessmen.

Some associated with Hamas. And other political groups.

By the way, this is not somebody who lives in the Jewish quarter of Israel.

She's living in the Islamic quarter of Jerusalem.

They tried to use -- they try to use aid to make millions of dollars.

Because there's such a shortage of goods, and prices are so high.

Some steal aid, and sell it in the market.

Others try to take over the supply route, so they can resell it. Her team's success, threatened by those who profit from scarcity.

By flooding the market with free goods, they not only fed families, but also drove down the inflated prices charged for basics like sugar and flour.

If there's no sugar in Gaza, and we bring it in for free. They can't keep selling it at outrageous prices. So we became their problem.

Israeli authorities also tried to cut off these private sector schemes, by shutting down the routes that allowed commercial profiteering. Listen to that. Did you -- have you heard anywhere, New York Times?

While this helped curb some corruption, it also made the remaining humanitarian channels, more dangerous. The private sector was blocked. And so those who lost their profits, started trying harder to threaten and infiltrate the humanitarian route.

They couldn't control it. So they tried to break it, and me. The attacks on her came quickly.

I began receiving death threats, not just from Gaza, but from the West Bank. Heartbreakingly, some came from people I once trusted. One of the most painful betrayals come from someone close to her. She said, I even discovered I was in a relationship full of lies. That person was part of a game, that wanted to exploit the aid operation, and he tried to use me too.

But I stood firm. I made sure he and people like him never got near it.

And now my life is at risk. Because I refuse to let the private sector hijack aid for commercial gain, or let political actors bend it to serve their goals.

The families she helps, are the reason she refuses to quit, she said.

We've created distribution model, based on verified beneficiary lists, using ID checks to ensure fair and dignified access to food. People stood in line calmly, organized, and even in impossible conditions. That's something the media just doesn't show.

The dignity and patience of the people.

Now, why isn't everyone covering this woman?

I want to get this woman on the phone, if possible. I want to talk to this woman. I would feel very comfortable in helping raising money for her. She's somebody who understands that there is a problem.

That's the only reason why people are not saying, hey, we can't -- we can only do so much with the food thing in Gaza. Because it's hijacked. It's hijacked, and used for political purposes. Do you think the Hamas fighters look like the guy in the tunnel?

No, of course not. Absolutely not. Why?

Because they have the food.

They're only giving it to people, they want to give it to. They're controlling everything.

They're -- they're -- honestly, Hamas, they're animals. They're animals.

But I don't have a problem with people from Gaza. Children. Women.

Now, I don't know if they're part of Hamas or what.

But, I mean, I don't mind helping feed them, if the food is actually being distributed.

But it hasn't been.

This woman seems to be distributing the food.

Carving out a lifeline. And risking her life to do it.

Thank you, Fox news, for bringing this story to my attention.

It's fabulous!

43-year-old prediction proves how WRONG the media is

Glenn and Stu review a 43-year-old prediction from CBS’ Dan Rather, where he claimed that much of Florida would be underwater soon due to global warming. Plus, they reveal the reason we KNOW the global elites don’t really fear climate change.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. This is not going to age well.

It's something that should have been said to Dan Rather about 43 years ago. Stu just found this video.

STU: Yeah, it kind of went viral over the weekend, and I just happened to notice it. And it was just a callback.

It's interesting to always look back at what people were saying, the people you were supposed to understanded and trust had been -- the evidence about what could go on in the future.

They outline many, many times, what they believed is going to happen. And every once in a while, they are a little too specific. Like, they get into specifics. If you're going to make claims of future doom, the appropriate way, if you want to maintain your -- you know, save face if things go wrong.

Is to kind of keep it general and vague.

Which a lot of times they'll do in the global warming world.

They will say really bad things are coming.

And they won't be particularly specific.

Just general horror is around the corner.

GLENN: Right. And they will do it within 100 years. And you'll see the beginning of his in 100 years. So all of us will be dead.

STU: Yeah, so Dan Rather -- this is back in the '80s, forty-three years ago, talking about, what was around the corner here with new evidence from scientists, and look out for what's coming.

VOICE: Concerned about rising temperatures on planet earth, heated up a hearing here in Washington today.

For years, scientists have theorized about the dangers of the so-called greenhouse effect, the warming of the earth's atmosphere, due to the burning of coal and oil. And in recent months, as David Cowan reports, research has uncovered facts to support that theory.

STU: Oh.

VOICE: Many scientists claim that the temperature of the earth's atmosphere has been rising over the past 100 years. That the great sheets of pack ice in Antarctica are melting at a much more rapid rate than previously. Finally, that the sea level has been rising with increasing swiftness over the past 40 years.

If these scientists are correct, about 25 percent of Florida would be flooded, along with low-lying areas all over the world.

Climate changes could produce widespread destruction of agriculture.

The American farm belt might be too dry, and the weed and corn crops would have to move to Canada. Scientists blame the odorless, colorless, carbon dioxide gas for these potentially dangerous changes around the planet. It is the greenhouse effect. The gas allows sunlight to filter down and warm the earth.

But like the glass of a greenhouse, the carbon dioxide tends to trap heat so that it cannot rise into space.

STU: Oh, no. Oh, no.

GLENN: The scientists maintain that the coal, oil, and gas that we've been burning for 100 years have produced more and more carbon dioxide, and helped overheat the earth.

Now, some political leaders endorse the demands for more CO2 monitoring stations like this one in Hawaii.

STU: By the way, the politician was Al Gore in 1982. Making these claims.

GLENN: Oh, my gosh.

STU: So 25 percent of Florida, underwater. Glenn, I don't know if you could look around.

GLENN: We laugh, because it showed the map of the United States, and then it showed the map of Florida.

And Florida was just like this little stick that came out of the bottom. It's ridiculous. It was like America had a bike stand all of a sudden. Just ridiculous.

STU: Yeah. Basically, only if you were in Central Florida, would you have any civilization left. Now, you see, we would not have any agriculture in our country. All of it would have to go to Canada, which you might know. Consider we have been talking a lot about international trade lately, we actually have -- we produce a heck of a lot when it comes to agriculture here in this country.

GLENN: Yeah.

STU: All of these claims, of course, didn't come true.

In fact, the coastline of Florida remains one of the best places to buy a home, in the country.

GLENN: Yeah. Yeah.

STU: Most expensive places to buy a home in the country.

People are moving to Florida by the millions.

GLENN: You know, if global warming was true. And the coastlines were going away. No bank, and no insurance company in the world, would underwrite a loan.

STU: Right.

GLENN: Nobody. Nobody would.

Why would you write a 25-year-old mortgage on a house, that if in 25 years, it would be 10 feet underwater. That would be the dumbest thing you could ever do.

Why would you do it?

Because they know.

You know, money doesn't talk, it screams.

And when money is still says, no. Go ahead. Build their 25-year loan. You know this is a bunch of bullcrap. It's just bullcrap.

STU: Yeah. These aren't just small investments.

30 years after this Dan Rather report.

You wrote a book. A best-seller for a while. Called An Inconvenient Book. There was a chapter about global warming. It wasn't all about Al Gore's -- it wasn't a parody of Al Gore's book. But that was the first chapter in the book. The picture that was taken for the first page of that was a picture of the Miami skyline. Which is -- you know, back -- this is 2006ish, maybe.

And it's just flooded with cranes. All you see is cranes all over the entire skyline.

There's so much destruction going on in Miami. You can't believe it.

Of course, a couple years ago after that. 2008. There was a collapse. We've had COVID in between there.

And in between this entire period, there have been multiple additional construction moves in Miami.

The picture that is in that book. It's so outdated. There's double and triple the amount of skyscrapers that have been built in this area.

GLENN: No.

It's underwater.

STU: Yeah. If it was going to be underwater.

If people actually believed it was going to be underwater, there's no way they would be investigating this type of money into developing Miami and other coastline communities.

It would make no sense.

They all know this isn't true. Or they believe that humanity would come up a solution to it. Right?

Which is also a real possibility.

Like, there are times where there have been -- there are a lot of areas that have problems with flooding. That have generally speaking, been controlled because of human innovation.

This is usually what happens in these situations. So even if they're right. I mean, I don't think 25 percent of Florida has any chance of being underwater.

But even if this -- that problem gets worse, and sea levels do rise a few more inches than expected. Humanity typically has a way of dealing with that.

Did Trump just SLAP Fed Chair Jerome Powell into submission?

President Trump recently visited the Federal Reserve’s headquarters, where they’re spending a lot of taxpayer money on renovations – and Trump let Fed Chair Jerome Powell know he doesn’t approve! Glenn Beck analyzes how Trump used old school power dynamics – including giving Powell a slap on the back – as a negotiation tactic to hopefully get the Fed to lower interest rates.

Transcript

Below is a rush transcript that may contain errors

GLENN: Did you watch Powell and Donald Trump?

STU: Yeah. Yes.

It was -- it was a fun -- it was a fun moment, I felt like.

GLENN: Let me play you just a clip, yesterday.

Donald Trump went to the federal research, first time, I think in two decades that the fed -- that the president has made an official visit to the Federal Reserve.

STU: Yeah. It was George W. Bush, right?

GLENN: Yeah. So he comes in, and he's getting a tour in hard hats.

Throughout the Federal Reserve. Because they're making a trillion and a half dollar renovation of the Federal Reserve.

Trillion and a half dollars.

STU: Not trillion and a half.

GLENN: No. I'm sorry. Trillion and a half.

STU: Because that would be --

GLENN: But billion does not sound like a lot anymore.

Does it? So a billion and a half renovation.

So you know, Donald Trump said yesterday. That he redid the old post office. And made it into a really nice hotel.

And remember, bathrooms and kitchens are the most expensive.

It had like 200 marble slab bathrooms in it.

For 200 million.

So this is quite the renovation. That the Federal Reserve is doing. On your tax dollar.

STU: You can complain.

You might say, Donald Trump. All the people in the media.

He doesn't know enough about this. He doesn't know enough about that.

He knows enough about this.

Anyone who knows enough about renovating a building.

GLENN: Yeah. So listen here's the back and forth between Trump and Powell.

DONALD: It looks like it's about 3.1 million. It went a little bit, or a lot.

So 2.7. You know, 3.1.

And it just came out.

GLENN: So he takes out. No, that's what it is. And he takes out a sheet.

Like, here, Powell, here it is.

DONALD: Yes.

GLENN: Awkward.

DONALD: You're including the renovation.

VOICE: You just added a third building. That's a third building.

DONALD: It's a building being built.

VOICE: It was built five years ago. More than five years ago.

DONALD: Part of the overall work --
so take a look, you'll see what's happening.

And it's got a long way. You expect any more additional --

VOICE: Don't expect them. We're ready for them.

GLENN: We're ready for them. With our tax dollars, okay?

STU: It's an amazing clip for 100 different reasons.

GLENN: Yeah. Right. And when they first met, I don't know. Do we have the video of him just being slapped on the back?

Look at this. Watch.

DONALD: He has a long way to go.

VOICE: Are there things that they would say to you today, that would make you back off some of the earlier things?

DONALD: Well, I would them to lower interest rates.

GLENN: Huh?

Okay. This is Donald Trump. This is the way -- that visit was all about intimidation. Okay? The slapping on the back, the aggressive handshakes that he gives. Okay? I mean, that's the guy that he is.

And it's not -- it's just the guy he is, and he dominates a room.

You walk into any room with Donald Trump. Even before he's president. He controls the room.

He just does. He's a guy who just walks in, and all the oxygen goes right to him. It's an amazing thing to watch.

STU: Yeah, these are old-school power dynamics. Right?

GLENN: Yes, but they work. They work.

STU: They work. Because you watch that clip. There's no reason to have that moment in front of cameras.

GLENN: Nope!

STU: There's -- that was a moment -- correct me if you think I'm wrong.

GLENN: And planned. Planned.

STU: Do you think it was planned?

GLENN: Absolutely.

STU: Number one, he does it in front of cameras. He's saying basically, there's a massive cost overrun by the guy he's standing next to, in front of cameras. Which would be an embarrassing moment for this guy in theory.

Then he also has a letter in his jacket to pull out, when he says, no. That's not happening.

He pulls that out.

GLENN: He knows that's coming.

STU: Now, look, the building was finished five years ago.

GLENN: Yeah. But what his point was. You're right.

You're right.

His point was, this is part of your renovation.

STU: Right. That's not true.

It's not a new cost overrun. The way he's presenting it. But he's doing that intentionally.

Because it's old-school power dynamics, right? Because this seems to be something that Trump thinks about a lot for a lot of different reasons.

GLENN: You think?

STU: Well.

GLENN: So let me show you what he did. What he's doing here is the same. What has he been saying about Powell?

STU: He's been saying, he needs to --

GLENN: Resign.

STU: He's dumb. He needs to resign.

GLENN: He's dumb.

STU: He's saying he's dumb. He's a dumb person in the Fed. He's not lowering interest rates.

GLENN: That tactic. The best example of that tactic is Little Rocket Man. Look at Little Rocket Man.

Yeah. Well, Little Rocket Man. Maybe I will just have to wipe him off the face of the earth.

And then what does he do?

He goes where no president has ever gone before to Little Rocket Man's space.

And sucks all the oxygen out of that room. Okay?

And stands -- this giant, standing next to little rocket man. Did you notice, how big Trump looked next to little Powell?

I mean, it was almost the same power dynamic. Okay?

STU: Uh-huh.

GLENN: And Powell knows. Powell knows. He's -- Trump, I think is older than Powell.
And look at how young Trump looks next to Powell.

STU: He does look younger.

GLENN: So he's been saying, little rocket man. Little rocket man. Little rocket man.

He then goes to the place where little rocket man is. In this case, the Federal Reserve.

And then what happens?

What is he saying today?

You know, I -- I'm not going to fire Powell. Because I think he will do the right went.

I mean, we had a really nice meeting.

And, you know, while those cost overruns are important. I think he's got it under control.

I don't know if there's a reason to investigate.

STU: It gives him an out, basically.

GLENN: Gives him a complete out.

He has hit him hard, then he meets with him and hits him hard again in front of the press.

I can guarantee you, they had a delightful conversation behind.

And he's now -- we're now in that place, where it's lather, rinse, repeat. You don't repeat, if everything is -- your hair is clean. Right?

You don't have to do it a second time, if everything is fine.

So he'll do that. Lather, rinse. Am I going to repeat?

Do I have to repeat?

Because I'll repeat. We'll go back to lather. I just rinsed. I lathered up. Yesterday, we rinsed.

Are you -- are you clean enough now? Or do you need to repeat this cycle?

That's exactly what he's doing.

STU: And he's kind of giving him the message that, I'll make your life a living hell --

GLENN: And he's doing it in Powell's space.

There's something about doing it in someone else's space. Shows, you do not have fear.

STU: But he works on both sides of that, right? Because he does sometimes go into their space and do this type of thing.

GLENN: Yeah.

STU: But also -- and this is -- because when I was watching this interaction. It reminded me of something you were talking about when you were in the White House.

Of the way he's designing the White House.

He's thinking about these old school power dynamics. Constantly, when he's designing what the White House is like.

GLENN: So he is -- because this really bothers me.

Because America is. We don't have palaces for our president.

STU: Right.

GLENN: Okay?

And he's putting gold everywhere.

And I didn't say to him, that, you know,, hey.

The gold thing.

You know, maybe you should cool your jets on that.

He brought it up to me. And he said, do you -- look at the gold.

I mean, this is beautiful. And this is like -- 24 karat gold.

Is that the most -- is that the best? 24 karat.

I can't remember, but it's the most expensive kind of gold. Okay? It's not like spray paint gold.

It's actual gold leaf. Really, really expensive. And he's paying for all of it.

STU: Hmm.

GLENN: And he said, you like this.

I will go leaf -- basically, I will go -- I am thinking about gold leafing Melania soon. And I'm sitting there, and I'm thinking, this is not -- this is not a palace.

And he almost sensed this, I think from me.

STU: Yeah.

GLENN: He said, you know, I know we don't have a palace, but everybody from foreign countries that comes in, they are around palaces.

They see power a certain way. And he said, so I want to make sure when they're sitting in here, they understand, this is the most powerful room in the world, in every language that they might speak.

STU: Hmm. Hmm.

GLENN: Okay? So he's doing all this to -- as a way to intimidate again.

And if you look at it.

You would think, United States is broke.

I can't believe they're leaving.

No. They're not.

He is!

So he's not only saying, this is the most powerful office.

But I'm putting gold all over it. Because I'm wealthy. And powerful.

Because I, unlike maybe you, Macron.

I wasn't in politics.

I went out and actually built giant buildings in the biggest city in the world.

Okay?

So he's, again, exercising a power dynamic.

And when you watch him, in those meetings, where, notice he has press conferences with these guys.

How do we usually announce big things with countries?

When their Prime Minister or their president comes over.

STU: We put them up as equals.

They each get one question. You know --

GLENN: Right. Back and forth.

STU: Yeah. Some --

GLENN: You get -- you get the president on one side of the room.

And the foreign president or leader on the other side of the room.

Back and forth. And they're equal.

And the flags are there.

Not with President Trump.

Very few are getting that.

They're all sitting down in his office. In that intimidating space.

And a gaggle comes in. And he says, hey. I want to introduce you. Here's the president of the Philippines. We're doing some great stuff.

We have this great deal. Blah, blah. And maybe the president of the Philippines will get one question.

Maybe. Maybe. So are you really the president of the Philippines?

STU: Is that really a country still?

GLENN: I didn't know that. So maybe he'll get one question.

But then that guy has to sit there uncomfortably, while the president is answering questions about the world, about the country.

STU: Elon Musk. Or whatever else is going on in his life.

GLENN: He has nothing to say, so he sits there as a secondary. That if we know is a negotiation tactic.

STU: Uh-huh.

GLENN: Donald Trump people tonight think he thinks about this stuff.

They don't think he's a deep thinker.

Maybe because of his language. But I think his language is also a choice.

His language is a choice. One, I know he can -- I know he can -- I know he understands big words.

But he speaks the language of the common man, for a couple of reasons.

One, I believe that was the language he learned in construction with his father.

Because he had to start working at the bottom. You want to build a hotel, son?

Great. Then you need to know how the air-conditioning handlers work.

In fact, you will go down and work side by side, and you will help build them.

So he grew up in the business world, talking to those guys. That's why those guys love him. Because he speaks their language.

Also, have you noticed, Donald Trump has started to let the F bombs fly? Now, why would he do that? Why would he do that?

Did you see what Joe Rogan was just saying about Hunter Biden?

He was just saying, you know, the guy -- he doesn't care. He just uses the F bombs like everybody else does.

And that was endearing to Rogan and also the Atlantic.

That, you know, he just -- he doesn't care.

He just is who he is.

Well, Donald Trump is showing you a little bit more, who he is.

Where he wasn't, in 2016, 2017. 2018. 2019.

Now, he's speaking the language, because I believe our culture.

Not in a way I would like. But our culture is changing.

And he is adapting to it, as well.

The guy is brilliant.

I wish I could spend a month with him. Because I think I could write a book about Donald Trump. And how he thinks.

Just spending a day with him, a few weeks ago.

And hearing how he spoke about every piece of art in the White House.

He selected every piece of art, and where it should go.

And it was to clarify who he is, and what he wants to accomplish, remind him what his job is.

So all the way from his bedroom, all the way down to the oval.

The -- the art on the wall, is to remind him of who he is. And what he's doing.

If you're on a tour, you come in. And you see, Donald Trump on one wall. And he selected Barack Obama for the other wall.

George Bush doesn't even have a painting in a bathroom. He put Barack Obama there as a symbol of, we're a country that is split. But this house brings us all together.

Would anyone ever give him credit for thinking that way?

He's thinking about what the message is on the tour.

He's really brilliant. And I think that's why things are changed so rapidly.

Is because he's using -- he knows how it works now.

He knows the game he's playing.

He's learned it.

He's mastered it.

And now he's just executing one after another.

Check, check, check, check.

And look at the results in six months.

This weekend is officially six months in.

He's accomplished more than I think any other president, has accomplished, in maybe their full term. In six months.

Now, I would like to see it codified.

But if -- if he had a Senate and a House, that were actually doing the business of the people.

It would be codified.