Kevin O'Leary
Appearances
Morning Brew Daily
Kevin O’Leary on the Future of AI, Working With Steve Jobs, and Shark Tank
Kevin, thanks so much for jumping on the show today. Great to be here. Thank you very much.
PBD Podcast
ABC Pays Trump $15M, January 6 Cover Up, Trudeau To Resign, NJ Drone Theories | PBD Podcast | Ep. 521
And there are... different kind of people in life that I've learned in investing in many managers and entrepreneurs. and working for some of them. And I would say there's the idea of signal and noise. And so if you think of, I worked for Steve Jobs, not a very nice guy, but he was 90% signal during the day and 10% noise.
PBD Podcast
ABC Pays Trump $15M, January 6 Cover Up, Trudeau To Resign, NJ Drone Theories | PBD Podcast | Ep. 521
Noise being distractions that he would agree to be distracted by during the working day. And his working day was 20 hours. And he wasn't that social a guy. And look what he achieved. Now, Elon Musk, I know with certainty, is 100 percent signal. I've never met a man like that. And look what he's achieved. It's unprecedented.
PBD Podcast
ABC Pays Trump $15M, January 6 Cover Up, Trudeau To Resign, NJ Drone Theories | PBD Podcast | Ep. 521
We don't know how much Elon will be engaged. But you can't deny what this man's achieved. There's never been an entrepreneur like him. I say release the hounds. Release them onto the hill and let's see what happens. Tom.
PBD Podcast
California Wildfires, Gulf of America, Zuckerberg Kills Meta Fact-Checking | PBD Podcast | Ep. 530
95%.
PBD Podcast
California Wildfires, Gulf of America, Zuckerberg Kills Meta Fact-Checking | PBD Podcast | Ep. 530
That was one topic, but I had another agenda item that was very important to me, and I We announced that this morning. I have joined with Frank McCourt to buy TikTok. And this is a very complicated deal. It's a multibillion-dollar deal. We're going to have to work with President Trump. This is a bipartisan situation. We have to work initially with Biden, and we want to.
PBD Podcast
California Wildfires, Gulf of America, Zuckerberg Kills Meta Fact-Checking | PBD Podcast | Ep. 530
And then midday, 12.05, Trump... will be who we have to work with to close the deal in the months ahead. So I wanted to let him know, as well as others in his cabinet, that we're doing this and we're going to need their help.
PBD Podcast
California Wildfires, Gulf of America, Zuckerberg Kills Meta Fact-Checking | PBD Podcast | Ep. 530
100%.
The Ben Shapiro Show
Ep. 2142 - Trump HAMMERS…Ukraine?!
I think the issue is they're not whacking enough. There's this concept in private equity when you get a bankrupt company and you go in there, you cut 20% more than your initial read. And then you find like a pool of mercury, the organization gels back together again. Always cut deeper, harder when there's fat and waste. The FAA, it's not the people. The code is cobalt. It's from the 60s.
The Ben Shapiro Show
Ep. 2142 - Trump HAMMERS…Ukraine?!
It needs CapEx put into it for the technology to be upgraded to make it safer. Fat, like a chicken. All of these agencies are like big, fat chickens dripping over barbecues of fat. This is the best barbecue I've ever seen, but I don't think it's happening fast enough. They're not cutting enough. Keep slashing. Keep hacking while you have a 24-month mandate before the midterms.
The Ben Shapiro Show
Ep. 2142 - Trump HAMMERS…Ukraine?!
Cut, cut, cut, cut, cut, cut. More. More cutting. Believe me, it's going to work out just great.
The Ben Shapiro Show
Ep. 2142 - Trump HAMMERS…Ukraine?!
Cut them to cut everything, because if you don't see what they're doing and they can't show you that they're adding value, you whack.
The Megyn Kelly Show
Truth About SCOTUS and Trump, EPA Fraud Uncovered, and Tariff Drama, with Lee Zeldin, Tom Bevan, and Carl Cannon | Ep. 1045
104% tariffs in China are not enough. I'm advocating 400%. I do business in China. They don't play by the rules. They've been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat. They steal. They steal IP. I can't litigate in their courts. They take product technology. They steal it. They manufacture it, sell it back here.
The Megyn Kelly Show
Truth About SCOTUS and Trump, EPA Fraud Uncovered, and Tariff Drama, with Lee Zeldin, Tom Bevan, and Carl Cannon | Ep. 1045
What would that look like? I want Xi on an airplane to Washington to level the playing field. This is not about tariffs anymore. Nobody has taken on China yet, not the Europeans, no administration for decades. As someone who actually does business there, I've had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese. I have nothing against the Chinese people.
The Megyn Kelly Show
Truth About SCOTUS and Trump, EPA Fraud Uncovered, and Tariff Drama, with Lee Zeldin, Tom Bevan, and Carl Cannon | Ep. 1045
The government cheats and steals. And finally, an administration, you may not like Trump, you may not like his style or his rhetoric. Finally, an administration that puts up and says enough. America is the number one economy on earth with all the cards. We will not have that forever. It's time to squeeze Chinese heads into the wall now.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Oh, I plead guilty for loving America so much that we would put together 110 conservative groups to do what? To have the blueprint for dismantling the administrative state for the sake of self-governance and freedom. So I'm glad that radical leftists dislike us so much, as we say at Heritage. When you're over the target, you're not catching flack.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
You're catching a lot of flack, and obviously we're over the target when radical leftists think that we're a real problem. Ultimately, though, let me say this, Megan. It's the American people, not heritage, who should be taking a victory lap because what President Trump is doing is what conservatives have needed to do for several decades, and that's restore some common sense to Washington, D.C.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
It actually boomeranged on them. I mean, we computed at Heritage, even though we weren't seeking this, we're just a public policy group. They gave us a billion dollars of earned media value.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And what happened was, especially in the last month of the campaign, as you suggested, not only was it becoming a failing tactic for the Harris campaign, it was boomeranging on them in some swing districts where people said, you know, I went to Project2025.org. I don't necessarily agree with everything, but I agree with the top 10 proposals they have.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And I want to vote for candidates who support this. So ultimately, it was a huge wind in our sails. Again, President Trump and Vice President Vance deserve all the credit for what they're doing. If we have played a minuscule role in helping to offer some suggestions on policies and people, that's what Heritage has done since 1980. And the left also hates it, Megan, when I say this.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
We're going to do this every four years until the end of time. because it's what we're supposed to do to help men and women in elective office.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Well, first of all, let me start with that letter from Secretary McMahon, who, by the way, like every other cabinet secretary, is doing such a great job. It was hot fire. And it's so righteous on behalf of common sense toward an institution, Harvard, that used to be the pride and joy of this country, even for those of us who – didn't go there and never really wanted to.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Instead, what Harvard has become is sort of the icon, the avatar for the radical left. And having been a college president, Megan, I will tell you that if I had been the president of Harvard and was receiving these missives from Donald Trump, I would have picked up the phone and said, Mr. President, can I come meet with you for half an hour?
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And let's talk about our shared goal, which is that we love this country. We want to educate students. When we receive public money, we want to really treasure it and actually further science, further study, further American values. But he could not do that because Harvard doesn't believe in those things. And so the gig is up.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Those of us, whether like me, an educator, or you, a very smart observer in journalism and news, understand that. is that the Ivy Leagues and most four-year universities in this country have been using the public's money against us by implementing all this DEI nonsense to say nothing of the very steady decline in educational attainment we've seen with four-year and six-year graduation rates.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
So of all the things I'm excited about that this administration has done in its first few months, it is this effort on education broadly, but on Harvard in particular, that I would put at the top of my list.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Two things. Number one, the letter from Secretary McMahon lays this out really clearly, and it is 100 percent solid ground legally and morally. And she says, look, in essence, you're free to do whatever you want to do as a private institution. But don't think that you can do that and also take bribes. billions of dollars of public money.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
If, in fact, you're going to take those public grants in order to fulfill federal government scientific research priorities, you have to follow by the rules. Harvard thinks that it's more important than the federal government and the American people. In essence, they want to have their cake and eat it too.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And so what the Trump administration needs to do is cut off those funds, which the secretary has said will happen. Number two, it needs to continue to fight them in court. And I believe the Trump administration will prevail.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
But the third thing, which is unique to Harvard because of the scale of the implementation of DEI there, is that I think the president is right to threaten the tax-exempt status of the university. Those of us who run nonprofits would not want that threat being bandied about by any president of the United States. But there's precedent here.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
When a previous administration went against Bob Jones University for doing what? In essence, a form of DEI using a different definition. And so I think they're on solid ground here. In essence, Harvard has picked a fight that it's not going to win. And I think it's endangering the future of the university.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
It's so grotesque.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
I mean, can you imagine that in 2025, we're having to have this conversation about any university, but in this case, Harvard, supposedly one of the top universities in the world, defending the implementation of anti-Semitism such that if, as you said, a Jewish student is on campus, it probably is prudent from their point of view to hide their religious identity in the United States of America in 2025.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
This tells you everything you need to know. But let me say, especially for my Jewish friends who are very worried about their own kids and grandkids at these campuses, as tragic and evil as this is, there is a silver lining here because President Trump is willing to play ball. And it's this.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
This is highlighting the defense of anti-Semitism by Ivy League presidents is highlighting for the American people. who weren't quite sure this was such a big problem anymore, that it is.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And what it's doing is sustaining the popular will for the kind of reform that needs to happen to eradicate anti-Semitism, period, but also to do the kind of higher education reform that many of us, myself included, have been involved in for 25 years. I am therefore, all of us really at Heritage, Megan, are really optimistic about how all of this will turn out.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Oh, they will. That's the hill that they're going to die on. And a couple of things on that is you talk often on your show. In this era in which we have seen the deterioration of properly ordered masculinity, one of the rotten fruits of that is that we see a steadily declining percentage of the American university student body being male.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
We obviously want everyone to succeed, all women and all men. But it's a real concern for me as an educator, someone who mentors a lot of younger people here in Washington, D.C., to see that DEI has become so ingrained in our society that we're
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
We almost, even if we hate it, and obviously you and I and your audience do, we don't realize how pervasive it has become in the thinking, especially of younger generations of Americans. That's why we have to fight so hard in policy, but also informally to root it out and be aware that these university presidents of the Ivy Leagues are not going to stop fighting.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
They're going to continue to defend anti-Semitism, but the real cradle for them, that they are the altar that they want to defend, is to make sure that white men do not get an equal chance of attending their universities. The only proof you need of that is to look at their admissions rates. And ultimately, what you and I are saying, what President Trump is saying, is very common sense.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
How about we reimplement meritocracy in universities, in every kind of industry for success? That's what the American people voted for last November. So hats off to President Trump for trying to reimplement that. It's the American dream.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Look, we give him an A or an A-plus for the first 100 days, and we're pretty tough graders at Heritage. We don't believe in great inflation. And the reason it's not quite an A-plus is I think that where he's landed on the tariff regime now is where it should have been four weeks ago.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
We at Heritage support the philosophy of a reciprocal tariff regime that uses tariffs as a temporary tool of statecraft to exact fair trade, which is something we all believe in. And ultimately, that's where the president has gotten or is very close to establishing that.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Ultimately, we believe the real fruit that will come from this regime of tariffs is to put the Chinese Communist Party on an island because we have confidence in that. We would still rate the administration's first 100 days as an A. In every other respect, they've hit the ball out of the park.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
And let me just say, if I may, kind of looking ahead to the next 100 days, the success of the first 100 days will really hinge upon the ability of Congress as soon as it possibly can to pass the reconciliation bill so that we can codify some of these successes.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
There is a chance, but you know, I'm going to be honest. It's what we have to be at the Heritage Foundation. The thin majority in the House, the non-filibuster proof majority in the Senate for Republicans means that both Speaker Johnson and Leader Thune have a very, very narrow path to walk.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
At Heritage, we're trying to give them the air cover to be as aggressive as possible, hopefully get to a trillion and a half dollars in spending cuts. And ultimately, when you do that and you have the reform-minded defense secretary at the Pentagon, you can actually increase spending on defense a little bit by providing for the munition systems for the next war rather than for the last war.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Ultimately, Megan, I do think there's a chance. What we're trying to do at Heritage is encourage our friends in Congress to get this done as quickly as possible, because what the American people are looking for is some certainty about all of these questions.
The Megyn Kelly Show
Vulgar Met Gala, Jen Psaki's Cover-up Lies, and Trump vs. Harvard, with Stu Burguiere and Kevin Roberts | Ep. 1065
Megan, you are a national treasure. Thanks for everything you do. It was a real pleasure to join you.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
I think that's right. First, I mean, just for a scene setter, I believe that since technology and the technology industry is one of our greatest, strongest exports around the globe, that it's important for business leaders to have a voice in public policy, for them to have interactions with policymakers. That's a really good, smart, important thing. And so...
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So that's the thing that's missing from the context, I think, of his criticism is exactly what you mentioned, Megan, is that there was undue pressure put on a lot of these leaders when it was about Hunter's laptop and some of the information that was involved there and how that shaped the outcome of of of the election.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So, you know, that's one of the things that I think has been lost on the Biden administration is, again, they just they they don't have an accurate reflection on just how hypocritical so much of their criticism, so much how much of their criticism is really coming off with the
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Well, first of all, I still think back. You're right. I mean, Facebook is kind of for the olds like me. I still think back to when I first joined Facebook. It was somewhere in 2007 or 2008 when I was working on the Romney campaign. And that was a key part of our sort of emerging e-campaign was to be on social media.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And I signed up for it, never went back until it got our Facebook pages and some of our other social media pages had gotten hacked. And so I had to go and go into my page to look at it to see what the hacking issue was for the Romney campaign Facebook. And then I found there was like 20 or 30 people that I went to grammar school with that were looking for me. So it was an education then.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
But if we fast forward to where we are- Isn't there a reason we disconnect from those people? Now I talk to them like once a week, it's crazy.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
But the thing that I think is changing is that we are in this, I think technology and workforce around technology, the tax policy, trade policy around our technology, in the next five years, and even the information system around technology is gonna change in the next five years, that's really going to affect the economy of the next 25 years.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And Mark Zuckerberg and Meta want to be a part of that conversation. And that is why I think he is engaging this administration. And it's smart. It would be as a CEO. It would be an abdication of his responsibilities and duties as a CEO if he wasn't doing it with this administration.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And, you know, Meta, the company that is now like we're the future for Meta and its sort of product and its approach is going to be in the metaverse. And a lot of that technology and a lot of the laws and the regulations related to AI and automation, all that is going to be written and it's going to be worked out over the next five years. So he needs to be at the table on that.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So I think it's important for him and other leaders to make sure that they are engaged in these policies. One of the key soundbites was that we were at a cultural tipping point when it came to our politics and how we discuss our politics. And Trump has changed that. That's the one thing like as somebody who, you know, more of a classical liberal and a small liberal.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
see conservative Republican in the Mitt Romney mold. I've become a political anthropologist of sorts since 2016 too, which is Trump has dramatically changed the profile of the party. He's dramatically changed how we campaign, how we talk about issues, how we persuade public, how we build public coalitions. And I think Zuckerberg sees a lot of that as a social sort of anthropologist on this stuff.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And he's interested in learning more and he's interested in engaging rather than you cannot as a CEO or any business leader or any organizational leader, you cannot sit on the curb and clap as the parade goes by. You have to be a part of it. I think that was the main takeaway I got from that interview with Joe Rogan.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
My quick thought on that, though, is declare victory. Do not criticize it. Like when you've won.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
It's not necessarily be classy. It's like, hey, you know, like you engaged the audience. You made your case publicly and now you've won. And I I don't think it's time to sort of like, you know, beat your chest on it, but it's like, take this as the opportunity for exactly what it is.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Yeah, great to be with you.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
You know, one of the things that Bondi, I think, benefited from in particular is that there's this inside the bubble, and a lot of it's from inside the Beltway, but there's this inside the bubble sort of assessment of anybody who is a Trump supporter and any of Trump's nominees.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
That they so many of these Democratic senators just bought into and they didn't really do or or or I think do their due diligence or really sort of get as good an assessment as they should have about the. The long and lengthy resume of accomplishment and the long and lengthy resume and the history that they have as elected officials.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And that, you know, Pam Bondi, having been an elected attorney general in Florida, which is a very, very tough place to prosper as an elected official, you know, really has a lot of public strengths. And that was on display in this hearing. And I think the other benefit that Pam Bondi had is that she tended to really benefit from, I think, the incompetence of her opponents.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And the way that the questioning went about, the personal criticism and just like the impolite nature of it all. just really played to her strengths.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Now, if this had happened, if this was a flip, this is Republicans that were questioning a Democratic woman in this way, there would have been outrage across a lot of the cable networks about how rude they were and how insensitive they were and how this was going to turn off women voters all across the country.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And so, you know, those were my immediate thoughts upon watching it and witnessing it yesterday.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Just real quick, Megan. Yeah. And it makes a great point here. I didn't find it offensive for any of those other reasons. I found it offensive as a purported professional communicator, because for me, I couldn't figure out who the audience was that was persuadable or who they were seeking to mobilize. beyond their most active base. And I think that's the big problem, right?
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And I think that's consistent with Anna's assessment of it too, which is that if you're only communicating to this already converted part of your party, What's the real political objective here?
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And if the Democratic Party has to find a way to get back with Latino voters, get back its strength with working class voters, get back its strength with outside of the urban areas and more suburban and rural areas and build up that support, given what happened in 2024.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
None of them are watching it, but they are seeing the atomized version of it all. And if it's not focused in a way that really sort of motivates them to care, motivates them to sort of feel that they have a stake in it. And it's only Matsi Hirono and Kirsten Gillibrand or Sheldon Whitehouse, you know, very harsh, active liberal voices inside the party berating Democrats.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
you know uh nominees who i think you know the thing i think about that's most that's most um that's strongest about hex's nomination is and i again i i think it was an entire discussion we should have about how he brought it back how he resuscitated it because it was hanging on a thread there for a while but like it's that there's he wants to bring an infantry perspective to natural uh national security decision making and to the posture of the armed services
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And there is a focus on making sure that the president's vision is executed and implemented, despite what some of the military brass would disagree. Like that's a however you fall on that. That's a really good, strong place to argue rather than some of the some of the topics that they choose to fight on, which were very specifically tailored to an already converted liberal Democratic base.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
It is. And, you know, having worked up on Capitol Hill for a long time, I know that it is when you're sitting through, and those places are not comfortable, right? I mean, if you've ever been in one of those hearing rooms, there's a lot of droning on, there's a lot of talking, but it's also not very comfortable and they're also very stuffy.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So I would not hold it against anybody to take a little 10 minute eye close now.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Like, eh, I get it. 80% of the time, these folks that get caught on camera doing that are actually just probably looking at their cell phone, looking down at their cell phone. So, but yeah, I don't blame anybody for taking a little eye rest during one of these.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
No, I think they're all going to make their way. I think Hegseth will probably be the closest, followed by Tulsi Gabbard, but I think they'll all find their way through.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
I agree 100 percent. It seemed like it was like mailed in by not only Biden, but the speechwriting staff of the White House. Like they're probably thinking, OK, we've got another week to go. Let's just see what we can do. And just, you know, let's give this to the boss and let him let him let it rip and then move on. Right. Find our next job.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
It was also a bit of like a microcosm of the Biden presidency in that sense, in that like, you know, I'm sure it was well-intentioned. Right. And they came in with like lofty goals for it. But it quickly descended into incoherence. And then that was matched with a lot of the hypocrisy, like just the idea of.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Is it delivering this message about how America is being controlled by this wealthy oligarchy one week after you just hung a medal around George Soros' neck in the White House? It's a bit rich, so to speak.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And I think as a staffer, one of the things I said to myself immediately upon hearing that was like, who thought that was a good idea to push that given the optics and the pageantry of the last week?
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Right. Nobody thought that that would not like go over well and that that we'd be called on for the hypocrisy of it.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So, you know, here we are where, you know, that they just spent an election where they tried to frame everything as this pivot point for American democracy. And every single public poll shows that people were more worried about the Biden administration and its threat to democracy.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
So, you know, it just not only did it is it I think it's you know, there's a false sense of alarmism that they're trying to continue to push. But it's just the there the hypocrisy of the message and how that message continues to land. very poorly with the public. It just it continues to boggle my mind why they continue to push that.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Yeah, there's just there's a whole bunch of empty platitudes like Joe Biden's sort of go to move is to always say, and there's nothing America can't achieve if we put our minds to it. You know, five minutes after he just listed all of the things that are sort of dangerous and destructive about
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And what the other half of the country has believes and has essentially taken to an electorate and won on. So I just, you know, and like the last thing I'd say is like it was 15 minutes long. Most of the people that I talked to about it when I asked their reaction said they didn't even get their way through it. Now, that's a 15 minute speech that people couldn't sit through.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
And, you know, it harkens back to the Capitol. I'm sorry, the State of the Union speech, which the Biden administration had swore was going to be this, you know, big energizing jolt to the American electorate to reframe the 2020 race. And, you know, all of the reviews of that State of the Union, they all said that that was going to be a, you know, a game changer for their campaign. 48 hours.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
later from the State of the Union, just like this, instantly forgettable. It's almost like it's like, I always call it like cotton candy messaging. Like it melts on contact. No one's even going to remember it 48 hours from now.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
That's how I read it.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
I was going to say, Anna, I read it as a sort of veiled criticism of the big three, so to speak. And the interesting thing on that, again, is the hypocrisy is so apparent just because all three, Matt Musk, Bezos, and – have a history of having supported Democrats and have a history of supporting left-leaning causes previously. And so it was fine then, but now... That's not an oligarchy.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
Yeah, now it's not. Now it's a huge threat. And I think there is a very... To your point, there is a very... worthy, substantive debate that we can have about this in the country.
The Megyn Kelly Show
Biden Mumbles Through Farewell Speech, and Jill's Mean Girl Exit, with Ana Kasparian, Kevin Madden, Amala Ekpunobi, and Link Lauren | Ep. 984
But if you're not going to be honest about it and why all of a sudden you believe it's a threat, then I think you actually broadly lose the American public's of the ability to persuade them and the ability to raise it as a priority for them.
The Megyn Kelly Show
Markets Rip on Tariff News, Judge Grants AP WH Access, DNI Launches Intel Task Force: AM Update 4/10
104% tariffs on China are not enough. I'm advocating 400%. I do business in China. They don't play by the rules. They've been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat. They steal. They steal IP. I can't litigate in their courts. They take product technology. They steal it. They manufacture it and sell it back here.
The Megyn Kelly Show
Markets Rip on Tariff News, Judge Grants AP WH Access, DNI Launches Intel Task Force: AM Update 4/10
Finally, an administration that puts up and says enough. 400% tariffs tomorrow morning. He'll tell you why. Xi can only stay the supreme leader if people are employed. If we wipe out any business there because we are still 39% of all consumables on earth and 25% of the world's GDP, America is the number one economy on earth with all the cards. We will not have that forever.
The Megyn Kelly Show
Markets Rip on Tariff News, Judge Grants AP WH Access, DNI Launches Intel Task Force: AM Update 4/10
It's time to squeeze Chinese heads into the wall now.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
New process, that's what everybody calls it. I think the bigger picture, though, is to go back to the mandate that came out of the election and that data that you pointed to earlier, 56% of people want this issue dealt with. It's one of the reasons that Trump got his second term. was illegal immigration. I anticipate this will twist and turn through the courts.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Some good decisions will be made, some bad. It depends which side of the equation you're on. I've come to the realization now, as I deal with all kinds of issues around the administration, that 50% of the people I deal with, internationally too, have what I call, or has been termed, Trump derangement syndrome.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
What I mean by this is it's kind of useless to litigate why he's back in the White House. As I point out to people saying, look, I don't show for politicians, Trump included. I show for policy and I have to deal with the policy. So why do we have to keep? reiterating why Trump's in office. I don't care at this point because he is. And now we deal with the outcome. Now we deal with the policy.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Now we deal with the environment we're in, and we want to move forward, particularly for me as an investor. I care about the policy coming out of the White House. So tariffs is a big deal for me, obviously. I invest internationally. And so the narrative I want to have in foreign countries is, look, forget about Trump. He's not leaving the White House. He's going to finish off his second term.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Get over it. Let's deal with the policy. That's how I look at it. And that tends to be working. It's almost like I have to bring psychiatrists with me. People really get crazy with the Trump stuff.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Yeah, but there's other ways to deal. I mean, your numbers are, let's round it out. Let's say it's 20 million total illegal immigrants, of which 500,000 have been charged with crimes. Everybody would agree that they should go first. And I think that's where the focus will be.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
There's a really interesting narrative, Megan, going on right now in small business in America, where 62% of jobs are created. These are companies, five to 500 employees. many of these illegal immigrants that have not broken the law are employed in these businesses, particularly in agriculture.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And those business owners are asking, is there any other way to deal with this where we can legitimize their residency here because they're actually productive in terms of being workers for some jobs a lot of Americans don't want? You've heard that narrative. These are the people that are not been charged with any other crimes.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
They came into the country illegally, yes, but they actually found jobs that are being paid by American companies. This is a difficult situation because if you just took 18 or call it 20 million people, including the 500,000 that have done crimes and they should, everybody agrees they should be gone. I mean, they're here illegally and they broke the law.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Well, I mean, most voters think that's a double whammy. That's almost three strikes and you're out. I think the Trump administration will focus really hard on those 500,000. And one way or another, they'll be gone because they are illegal and they did break the law.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
So they're either going to end up serving time in an American prison when they're caught, or they're going to go somewhere else back to their native homeland. We'll see how that works out. But the dilemma for the rest of them is... Is there a process by which they can apply legally if they have a sponsor?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Now, this same issue occurred in Europe years ago when they brought workers in into places like France, where they found a way to give them employment because they were willing to sponsor them. I don't know if we're going to get to that place here, because you made the numbers very clear. If Trump got to a million deportations a month, he still wouldn't get it all done before his term's over.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Think about it.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I don't think that's realistic. I mean, you'd have to take the commercial airlines into account. You need to be booking seats on every aircraft in America. I just don't see that happening. So, however, I do see the half a million that have broken the law and he has got a clear mandate from the voter. And by the way, I think this is a bipartisan issue.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I don't think there's a lot of Democrats saying, yeah, this is a murderer that came in illegally. Let's keep them here. That doesn't even make any sense.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Yeah, you're making, look, that point is probably on a bipartisan basis by a majority of, you know, if you check 10 people, you're going to get six of them saying, I agree with this. How it gets worked out, I mean, the administration is, it's not just Trump, the whole administration has to do battle, but you cannot go against the Supreme Court.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I mean, I mean, there's no way we can ignore that ultimate decision.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
That's just the way it is. It's an issue that Trump is dealing with. It's an issue, but it's not the only one that people are concerned about right now. As we talk, the market's down a thousand points. There's a lot of volatility in people's net worth. Why? Tariff ripping through. There's a lot of stuff on his plate right now.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Yeah, I think what you're going to see from a pragmatic point of view, again, leaving out Trump derangement syndrome and just saying, where are we at with the current policy on tariffs? If you look at the big blocks, which is the European Union, Switzerland and England, which are not part of that union, but also trading partners, Canada and Mexico, that's about 70% of of what Trump is looking at.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And what he's saying, if you leave out all the bombastic statements, and I always say this about Trump, you gotta forget about the noise, you gotta focus on the signal. Because if you don't understand that after 12 years of Trump, you never will. So the noise is all the volatility in the market. The signal is this.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
What he wants and what his administration wants, Lutnik wants and Burgum wants and all the rest of them working on this stuff is reciprocal tariffs, including zero. So if you think about this, Take car parts in Germany. I always use that example. They had outrageous tariffs on car parts going into Germany. And American companies want to compete on the componentry of all kinds of cars.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And they can't because they have some crazy tariff. So Trump is saying, I'm going to throw on the same crazy tariff on car parts from Germany coming into the United States. Right away... rational minds would say, well, that's not going to work for both of us. It's kind of dumb. Why don't we take that down to 10% or zero?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And then we're going to end up, this is why I'm an optimist, with these giant trading partners at zero tariffs. So we'll open up the border to Mexico and Canada and have free trade there eventually after this gets worked out, because there'll be no tariffs in either direction. It's nobody's benefit.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
The case in Canada right now, there's an election on the 28th, so it's very close after that gets done. They'll be negotiating. and England and lots of other ones have already stated openly, I'm willing to go to zero to get a deal done. So all of these things will get worked out. And during this period, lots of volatility, because it's not just tariffs today, it's Trump beating up on the Fed.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And this is an old game that's been going on for every administration, including bipartisanly. The executive always beats up on the Fed because the Fed is independent and you can't job on them into making decisions about interest rates. The Fed is worried that these tariffs stay on too long, particularly with China, and they're inflationary. Inflation right now is still north of 2%.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
So if I were the Fed, I wouldn't drop rates either because I'm going to look like an idiot in 90 days when inflation is going up because of tariffs not down. So that's a different issue. That adds volatility. But my point is, all the tariffs are going to get worked out except for China. China's a different deal.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
We are really getting to the point, and everybody realizes this now, that we are in an economic war with China. They want to become the supreme economy. They want to do it by stealing IP from everybody, including American IP, lots of that. They don't play by the rules of the World Trade Organization, and they haven't since 2000. They just don't give a shit. And everybody's figured that out.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And the only way to change their behavior is to show consequence. And we haven't ever done that. Well, this administration has decided there are consequences to stealing IP and not playing by the rules and not giving assets to markets and using our capital markets by not playing by the rules of GAAP. And all of these things are coming to a head.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I mean, I hate to use this analogy, but it's a good one. This is like squeezing a teenage pimple. That's what's going on here. And they're going to keep squeezing until the acne is gone. And it's going to get ugly, but it's going to get resolved because China can't afford not to have access to the world's largest economy. They just can't. Otherwise, everybody would be unemployed there.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
But it's sort of a nasty situation. But I'm frankly happy that we're finally doing this. As a guy, I've said this countless times. I do business in China, and I've been royally screwed. And I'm tired of it. I'm just sick of it. And I speak for millions of entrepreneurs that have been screwed in China for 20 years. We're done. Fix it. I'm okay with this volatility. I'd like to get it fixed.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I want the other tariffs to get worked out because there's a lot of trade going on there. It's going to happen. But China, squeeze the pimple.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I'm familiar with the deal. I'm familiar with the situation. I probably had that podcast sent to me 2,000 times already as a member of investors on Shark Tank. But we also have stories... of hundreds of companies that have been on Shark Tank that also manufactured their product in China.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
As soon as it gets to 5 million in sales domestically, the same factories that are making it there knock it off and sell it at a 40% discount because they never have to recoup the R&D that the company put into making the product in the first place. And they get wiped out a different way. They get wiped out by China, they just totally ignore the IP and they can't go back and litigate.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
The crazy thing, Megan, is Chinese companies use the American legal system to sue American companies after they've knocked them off. Why is that okay?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Well, it's worse. Maybe when they're young, they're taught this is completely fair to do this. You steal, you cheat. It's part of the psyche of how you build your economy. It doesn't matter that it wasn't your idea or that you spent millions of dollars in R&D to create it.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
they simply don't give a shit and that is what we have to fix because if they want to play with the big boys including trading in europe and everything else stealing everybody's ip and then selling it back into those markets and flooding the markets with the exact same product that usually a 30 to 40 discount with no consequences
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
is going to end up in a very bad place for everybody because they can't sustain that forever either. And look, everybody wants to do business in China. I want to do business in China. All I'm asking for, and I don't think I'm being unrealistic in this request, is give me a level playing field. Let me use their courts to litigate trade disputes and resolve them, just like they use ours.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Can you not do that? No, you can't. Just to give you a sense of how crazy it's gotten, there's a law on the books that says for Chinese companies, when they want to raise capital in America, they can go to the NASDAQ or the New York Stock Exchange, form a company, issue shares to Americans that aren't real shares. They're shadow shares.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
What's incredible about this, they don't even comply with GAAP. And so what this law said was, it was Rick Scott who originally got the momentum, the senator out of Florida on this deal, and said, look, we'll give them three years to comply. That's a long time. And then they can stay listed on the exchange. And while Gensler was the head of the SEC, he didn't enforce this law.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
But a new guy, a new sheriff's in town named Paul Actons just got confirmed last week, and he has made his public statement saying, okay, I've had enough of this too. Every Chinese company that is listed right now that is not complying with GAAP, I'm going to delist them. That could be as much as $800 billion of market cap.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
That should happen because why is it fair for an American company to have to pay for compliance and be compliant with all the regulators here in America to stay listed, which costs millions of dollars in some case, and they're competing with a Chinese company right next door to them that doesn't have to? Why is that okay? Under what scenario is that fair?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And I think that's the kind of question that people like me are raising their hand and saying, enough. Let's fix this problem once and for all. And yes, there's going to be stories of that poor woman's situation, but these tariffs are not going to be forever. This is a game of chicken. Two economies colliding with each other, one cheating and stealing, one not.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
At some point, you've got to resolve the issue. And I think at some time in the near future, she is going to call Trump and say, okay, where do you want to meet? You want to go to Geneva?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Well, I can assure you within the Communist Party of China, there is a bunch of narrative going on about how long do they want to do this, because the only reason you stay in power in a communist society as a supreme leader is everybody's fed. They could take care of their families and they have jobs in factories.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Now, what you could do, even though they're not making rubber mats anymore because they're all sitting on the water and no one's going to buy them, there aren't enough markets big enough to replace the American consumer. There just aren't.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
So at the end of the day, you've got to start asking yourself, okay, if I'm cheap, do I print money so that I can pay these workers and then have hyperinflation where a loaf of bread goes up 1,000%, the Venezuelan model? Or do I work something out with Trump so all this stuff we've made can get back into the market, including that woman's rubber bib? I mean, somebody's got to buy that.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
There's not enough people around the world to buy that, except you've got to have the 39% of the consumers are sitting in America. That's who's going to sell the product. That's why I would think at some point, because I'm a pragmatic guy. Again, I look at the policy. I know there's a lot of politics here, but if I'm Chi, I'm thinking, okay, how do I save face on this deal? What do I do here?
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
to get things going again so the stuff on the boats gets to America with no tariffs on it. All the Europeans have made, the guys in England right now today are saying, okay, let's drop our tariffs on agriculture so we can start shipping grain in both directions, whatever they want out of ag. German car parts, we talked about that. All of these guys are working this out. Xi has to do that too.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Now, is it going to take two weeks? Is it going to take two months? I don't know, but I guarantee you there's no scenario where Xi can outlast the American consumer, because that's really what you're talking about, Megan. At the end of the day, can he really cut himself off from the largest consumer market on earth? No.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And so I'm on the camp that says, OK, let's see how long this game of chicken lasts. But would I like to resolve this thing once and for all? Let me speak on behalf of millions of investors and entrepreneurs in America. Yes. I want to do business in China. I'm willing to compete with Chinese on a level playing field. And I want to open the markets up. Yes.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I have nothing against the Chinese people. I don't like their government. I don't like their policy. And if you're not going to change the government, then let's cut a deal to have a reciprocal tariffs or no tariffs, but definitely access the markets and definitely got to play by the rules. I would like to raise money in Hong Kong. I would like to approach their markets.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
I don't want to have my IP stolen. I don't want a 51% Chinese partner. We don't force that on Chinese companies here. But I'm telling you, it's time to clean this mess up once and for all. And yeah, it's uncomfortable and the ebb and flow and the volatility. But I say to everybody, chillax.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Let this administration get this thing done and let's move on because the last 20 administrations never dealt with it. This one is you may hate Trump. You may have Trump derangement syndrome. I feel your pain for that. I don't care because that's not what matters. It's the policy.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Yeah, I have multiple citizenships, but I'll tell you, I'm in a very interesting situation because I invest in Canada too, and I'm very close to the polls there. I get private polls every day because I have a massive project in Alberta, the world's largest data center being built there, so it really matters to me how this goes.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Let me give you some data you'll find interesting that I don't think your listeners have had any information about. The first polls opened in Canada, early polling, two days ago. Canada has an official department for elections, and they also hire a lot of volunteers. In the history of Canada, never, ever have they ever seen such turnout, ever, since the beginning of the Confederation.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Something's going on. Nobody knows what it means. There are lineups up in Toronto, Canada, the largest city, fourth largest city in North America, around city blocks. of people voting early. Now, this may look just like the American election did three weeks before, when everybody said the seven swing states were gonna go to Harris. Didn't happen.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
There may be a highly motivated group of people who are so pissed with what happened to them over the last decade. Basically, 25% of the Canadian population is now living on or below the poverty line based on the failed mandate of Trudeau. In the last five years, Trudeau's advisor was Mark Carney.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
So Mark Carney comes in with blood on his hands, and he has tried to tell every Canadian over the last 36 hours, don't look at my track record. Please don't look at that. Look at the shiny bead south of the border named Donald Trump. Only I can save you. I can save you from that horrible shiny bead. Don't look at me. Don't look at my party.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Don't worry that I left all of the old people that killed you in the last 10 years still in their seats. Freeland, the finance minister, she's still there. She's still in the cabinet. All of those people, they're still there. They killed the Canadians. Look at Trump. Don't look at my track record. And please, when you're voting, remember, only I can save you.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
And I think the Canadian people, based on what I've heard, we'll see, are calling bullshit.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Well, you said the same thing before the Trump election. You said the same thing.
The Megyn Kelly Show
Remembering Pope Francis’ Life and Legacy, Reality of Trump’s Tariff Policies, and Media Lies, with Kevin O’Leary and David Zweig | Ep. 1053
Thanks so much for being here. 22% down to six in basically 36 hours. I think the trend is going to be a very tight race, but I smell something going on. And I think it's people calling bullshit and they don't want more liberals. They're done.
The Megyn Kelly Show
New Details About Biden Coup, CNN Loses Millions in Defamation Case, and Obama Drama, with Maureen Callahan | Ep. 985
It's not about, Kevin, it's not about not letting people get rich. It's about not letting rich people control the political process and not having our politicians captured by those rich people such that they can't institute regulation and common sense laws to make sure that the people at the top don't abuse the people at the bottom. And our system in Washington is broken. That's fair.
The Megyn Kelly Show
New Details About Biden Coup, CNN Loses Millions in Defamation Case, and Obama Drama, with Maureen Callahan | Ep. 985
It's all fair. But half the country is still wondering how Joe Biden got rich.
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That poor guy didn't check his portfolio in his own pension plan for state. It's beyond stupid what he did. He's talking down a 3.5% weighting in his own pension plan. I mean, what's the matter with that guy? He doesn't check the well-being of his own constituents. That's their investment fund. What a bozo.