00:00I'm not going to get out ahead of the president here. I spoke to USTR Ambassador Jameson Greer on my
00:07way into the studio this morning. And we'll see if there's kind of a narrowing. My understanding is if anything
00:15is done, and I don't think it's great reporting that we saw today. If anything is done, I think it
00:20would be sort of clarification on some incidental objects. But again, that's going to be the president's decision.
00:28I don't think we have great reporting this morning. I'm not going to comment on the ongoing Justice Department investigation.
00:34But I will point out Senator Scott, my home state senator, who I'm very close to, did say that Jay
00:43Powell is guilty of one thing, incompetence.
00:45And this building project is out of control, way over budget. And the Fed, unlike other branches of government, does
00:57not work on appropriations. They have magic money.
01:00So when they go over budget, they just print more money. And I'll remind you of your viewers that due
01:06to some terrible bond market purchases, the Fed's losing $100 billion a year.
01:10You know, what was even more impressive about the numbers is the private sector numbers were more than 170,000.
01:18And government jobs were reduced by more than 40,000. More than 30,000 of that was federal jobs. We're
01:26at the lowest ratio of government jobs to total jobs since 1966.
01:32And this is part of President Trump's plan to reprivatize our economy. And I think, as I've said many times,
01:402025 is about setting the table. 2026 is going to be a banquet for the American people.
01:48The economy is taking off. We saw 40,000 new construction jobs. Everyone says to me, oh, where are these
01:56factory jobs that you planned? And unlike what you and I see in the financial markets, you can't push a
02:02button and build a factory.
02:04There's lead time. But what we are seeing is big, big commitments to these factories that are going to be
02:09built. First, we'll get the construction jobs and then the factory jobs are going to come.
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