President Trump fires back at Vladimir Putin following Russia’s aerial attacks on Ukraine, the Treasury Department reveals a new approach to combating cartels, and Hollywood enjoys a record-breaking box office over Memorial Day weekend. Get the facts first with Morning Wire.Beam: Visit https://shopbeam.com/WIRE and use code WIRE to get our exclusive discount of up to 40% off.Kikoff: Start building credit with Kikoff today, and you can get your first month for as little as $1 when you go to https://getkikoff.com/wireShopify: Go to https://Shopify.com/morningwire to sign up for your $1 per month trial period and upgrade your selling today.
Chapter 1: What did President Trump say about Putin's attacks on Ukraine?
President Trump rails against Putin after Russia launches an aerial attack on Ukraine.
I'm not happy with what Putin's doing. He's killing a lot of people.
The boiling tensions come as Europe backs down after Trump threatens more tariffs.
I'm Georgia Howe with Daily Wire executive editor John Bickley. It's Tuesday, May 27th, and this is Morning Wire.
Trump enlists the Treasury Department in a sweeping crackdown on drug cartels. We sit down with the deputy secretary.
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Chapter 2: What actions is Trump taking against drug cartels?
If you engage in these businesses, you have an affirmative obligation to identify the counterparties. And an unawareness of who they are is not sufficient under the law.
And a blockbuster weekend at the box office boosted by Tom Cruise. Can Hollywood keep up this pace all summer long?
Chapter 3: How did the box office perform over Memorial Day weekend?
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President Trump took aim at Vladimir Putin this weekend after Russian attacks on Ukrainian civilians. Meanwhile, the White House is closing in on a major trade deal with the EU.
Daily Wire senior editor Cabot Phillips is here with the latest. So Cabot, a variety of news happening over in Europe. We have Trump versus Putin, as well as some movement on the tariffs. First, let's start with Russia. What's going on with the conflict?
Yeah, over the weekend, Moscow launched a series of air assaults on Ukrainian cities, deploying hundreds of attack drones and dozens of missiles. Those strikes killed at least 12 people and injured dozens more, many civilians, in what Ukraine called the largest aerial bombardment of the entire three-year war.
In recent months, there had been hopes that a peace deal was soon within reach, but Putin appears to be making clear that he is pushing ahead despite increased threats of sanctions from the West. To that point, U.S. intelligence reportedly shows Moscow is amassing troops near the front line in preparation for a summer offensive. So things could soon get even worse in Ukraine.
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Chapter 4: What are the latest developments in U.S.-EU trade negotiations?
And as a result of that new willingness to strike an apparent deal, Trump agreed to pause his tariff hike on the EU until July 9th. So an agreement could be reached.
No doubt businesses and the markets are going to be watching that closely. Cabot, thanks for doing a roundup.
Absolutely.
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Chapter 5: What are the implications of the recent tariffs on the EU?
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President Trump promised a whole-of-government approach to combating drug cartels. So while DHS, ICE, and Border Patrol do their part, so do other departments, including the Treasury.
Joining us now for an exclusive about how the Treasury Department works to combat cartels is Deputy Secretary Michael Falkender. Deputy Secretary, first of all, thank you so much for joining us. Great to be with you. Your department took action last week to target the high-ranking members of the cartel del Noreste. Can you give us the details on that action?
Sure. So let me start with saying that one of the most important things the president did upon coming into office was to declare a number of the narco group's terrorist organizations. And what that does is it unleashes additional authorities at Treasury and for us to better target some of the financial activities that these cartels are engaging in.
It's one thing to have our partners at DHS work on stopping the flow of people and drugs, but we can also use our financial tools to go after the money. Because if the money is not flowing back south, then there's less of an incentive to bring the drugs and the guns and some of the illicit activity
up to the north and so we continue to identify the various smuggling rings that are coming in and since the president took office we've engaged in five different actions going after nine different entities for a total of 16 individuals and what that allows us to do is work with our partners to freeze some of their accounts and take away the money that is funding the these activities that are poisoning our kids
Now, there was also this unexpected move against Brinks Global that you guys took. Our audience might know them as the armed trucks that transport cash. You penalized that company for millions of dollars. How and why?
Right. So what we did is we said that if you're going to be moving money, then you have an obligation to fulfill certain requirements that you identify that you know who your customer is. And so there is a statute called the Bank Secrecy Act that requires that if you're going to facilitate money,
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Chapter 6: How does the Treasury Department plan to combat drug cartels?
transfers of monetary sums that you need to know who the party is that is receiving this money, that is engaging in this transaction. And so what we did is our Financial Crimes Enforcement Network, which is called FinCEN, they launched an investigation into how this money was flowing south of the border
And found that Brinks had facilitated some of these money transfers without knowing who the parties were that were participating in this transaction. And so we engaged in an enforcement action against them. And we, as you just said, fined them $37 million for not following the requirements that we have for engaging in these money transfers.
Now, I wanted to ask you about the Sinaloa cartel, one of the most notorious and violent drug trafficking organizations in the entire world. They also operate here in the U.S., of course. You've designated six individuals and seven entities involved in alleged money laundering for that particular cartel.
How are you disrupting their operations? So the most important thing that we can do from the Treasury side is stop or make a lot more expensive the flow of money. The president made very clear upon coming into office that we were going to take a different approach to the fentanyl poisoning of our kids.
And so it's not just that we have heightened our activities here at Treasury to apply sanctions to these groups, but the president imposed tariffs on the Mexican government and on products that are coming in from Mexico to elicit participation and cooperation from the Mexican government.
And so we are seeing the Mexican government willing to work with us to go after these financial networks that are enriching the cartels as they're engaging in this activity in ways that they previously hadn't. And so it is
monitoring the money flows, tracking it down, either putting a complete stop to it and seizing that money, or at the very least, making it a lot more expensive for them to move that money around and try to deter them from engaging in these kinds of actions.
It sounds like some clear progress being made in slowing the flow of money and certainly massive progress at the border. Deputy Secretary Falkender, thank you so much for joining us. Great to be with you.
The box office for the holiday weekend blew away expectations with Disney's live-action Lilo & Stitch and Paramount's Mission Impossible 8, both setting records to kick off the summer blockbuster season.
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