Just do reasonable stuff.

Alternative for Deutschland is now here to teach us.

They went to ground and what they did is they went door to door and they convinced people with no campaign money that our way, our policies to re-industrialize Germany, stop this mass immigration, re-migration are policies you should vote for.

I think that we can learn a lot from them.

Is the United States in the final analysis moving toward All right, I'll say the word, fascism.

It's not fascism.

It's actually more inclusionary.

It's more entrepreneurial.

Whatever you want to download to the audience, please be our guest.

Hey, Natalie.

Thanks for hosting today.

I know we're going to have a ton of great investigative reports from you.

You're killing it right now.

particularly on immigration, CCP, all of it.

Just want to update everybody.

Assuming you, you got a bounce, anything more you want to share?

In my opinion, yours, sir.

Well, I want to know from your trader, this thing's exploded.

Do we have that chart? If we can put that chart up, you've seen how it's exploded.

And we've tried to educate the audience over the last couple of years, Eric, that the 10-year Treasury basically is the most important number in your financial life because that interest rate drives interest rates on your student loan, your car loan, your mortgage loan.

or your home equity loan, just about every way you live, that number drives it, and it's exploded north of 5% now.

Tell the audience, why in your mind do you think that's happening?

And people who aren't involved in it, Well, they're going to be involved when they open up their credit card statement as well, Steve, because you know this nation is in massive financial family debt, and it's going to be even harder to service your own debt.

When you talk about inflation and the cost of living and affordability, these interest rates on the 30 which drive the mortgage rates, somebody told me the jumbos of the 30s are over 7% now, getting close to 8%.

And I think from what I gleaned from your speech yesterday, you believe that's a false choice.

I think we laid out a framework in what I was proud to do yesterday because I think Bernie Sanders laid out the case about what the issues are with AGI and then laid out what I would call almost a Kissinger-esque or a globalist approach to this with treaties.

And he's going to get something to President Trump next week before – cheese visit we laid it out in a framework of populist nationalism of which we are the populist part is i said the very beginning my first line of the speech is the american citizens are no longer going to be supplicants to the oligarchs what happened last week is that uh from london all the way to the united states you had different members of the security team and the safety teams uh for these big ai companies really uh mid-level people but work this problem every day had to come out outside of their chain of command and warn the world, what's going on.

After we've had 1,300 employees back in July warn us, Jeff Steins reporting at the new Washington Sun, he went there for a month and said, these millennials out there, these young kids that are in safety, which are the best people working on AI, are completely freaked out about what's going on.

So outside of the chain of command, they warned the world.

Then you had people in the company saying, well, actually, it's worse than that, that 10% of humanity could be wiped out because of some of this hurtling towards with no restrictions to artificial general intelligence.

We then had the IPO, and this is critical.

That's a misrepresentation of what's

Why did Biden float Politico, which sounds like a no payback loan, $8 million just to keep them above water, keep them going? I mean, where did he come up with that idea? I mean, it certainly didn't go through Congress.

No, I think that they had a whole program.

It wasn't just Politico.

I think it was a whole bunch of different media outlets.

USAID and these guys, remember, they were floating between the CIA and USAID.

They've been floating media companies forever.

USAID was notorious for putting it out.

That's going to be their new— We don't have it under control.

And I think from what I gleaned from your speech yesterday, you believe that's a false choice.

I think we laid out a framework in what I was proud to do yesterday because I think Bernie Sanders laid out the case about what the issues are with AGI and then laid out what I would call almost a Kissinger-esque or a globalist approach to this with treaties.

And he's going to get something to President Trump next week before – cheese visit we laid it out in a framework of populist nationalism of which we are the populist part is i said the very beginning my first line of the speech is the american citizens are no longer going to be supplicants to the oligarchs what happened last week is that uh from london all the way to the united states you had different members of the security team and the safety teams uh for these big ai companies really uh mid-level people but work this problem every day had to come out outside of their chain of command and warn the world what's going on.

After we've had 1,300 employees back in July warn us.

Jeff Stein's reporting at the new Washington Sun.

He went there for a month and said, these millennials out there, these young kids that are in safety, which is the best people working on AI, are completely freaked out about what's going on.

So outside of the chain of command, they warn the world.

That's a misrepresentation of what's going on here, according to what

What has Steve Bannon missed this last year about Charlie Kirk?

Well, he's more than a friend.

He was a colleague.

I gave him his first job when I ran Breitbart, and then, uh, later we picked his, uh, show up.

His podcast was on our channel, our network.

In fact, he followed me for five years every day on TV.

So, uh, I don't call it a murder.

He's much more interested in, you know, triumphal arches and naming buildings after him and having a new ballroom in the White House and his legacy and his identity than he is about the day-to-day pressures that the American people at all kinds of levels are experiencing.

Yeah.

Kind of the, the, the line.

And Charlie was the exact opposite.

Charlie just went back and did the reps.

And so everything that he did from Breitbart to, to, to, um, uh, you know, the college, the Turning Point, to, to the, to the ground game, to the being Trump's advisor at the White House, the podcast, this huge hit show, everything became great because he grinded it out.

And I think that's a huge lesson for people and a huge lesson for our movement, that if it just...

It's not gonna come easy.

And, uh, I give you a lot of credit for that, 'cause you could've just scoffed at it, but you didn't.

Mm

...

this gentleman demeanor, kind of an old-school gentleman.

Uh, but he did it d- behind the scenes with hard work.

And to me, that's the lesson particularly younger people have to understand.

It's not gonna come easy.

Everything is difficult, particularly when you're trying to make changes on a national and global level.

It was Tyler, me, Charlie, and you just said, "This, this is the real deal." I remember you, y- I thought you were gonna be skeptical about kind of what we were building out, and you were like, "Nah." You, you saw it instantly, and, uh, I give you a lot of credit for that 'cause you could've just scoffed at it, but you didn't.

Great to have you back on.

Thanks, Tony.

And look, I think if I can, in a nutshell, say I don't think we're fighting hard enough and I don't think we're fighting loud enough.

And I think we're not breaking enough furniture and we're not demanding people respect the Maha movement and know how powerful it is.

I really knew almost nothing about these issues years ago.

You know, I'm an economic nationalist, a populist.

I know about capital markets and economics and national security.

And it's been so important.

Uh, where are we going with this Iran war, Stephen K. Bannon?

Well, I think the press conference today, I believe Secretary Bessent's gonna have it at, at approximately 1:00.

Uh, I think it's a new phase of this.

The kinetic part's gonna be wound down, and there's gonna be a, uh, a huge uptick in what they're con- what they're calling economic D-Day.

This'll include, uh, not just sanctions, but massive sec- secondary sanctions on either European and/or the Chinese Communist Party, uh, trading with, uh, trading with Iran.

Uh, it'll also I think deal with this overland route through Pakistan that resupplies particularly military components to the Chinese equipment and the Russian equipment they've bought over years.

It'll deal with, um, the banks, cutting them off using the Swiss system from any type of, uh, getting any type of cash in, particularly our, quote-unquote, "allies" in the Persian Gulf, s- specifically Dubai, which the money center banks are their, really, money-laundering operation for Tehran to g- keep them in, uh, in cash.

You're on the phone, it's 9:00 AM, President Trump calls you today and says, uh, "Steve, uh, what do I have to do to turn the corner and hold the House? Give me the top three things I have to do." What is it?

Well,

no, but I've advocated this for a long time.

It's economic warfare.

You have to focus on it.

We should have never taken the foot off the throat economically.

We should never let them transit out this oil to the Chinese Communist Party for cash six weeks ago.

we allowed them and for this MOU and MOU is not a fan of, it gave my, you know, half a trillion dollars.

what MAGA, and particularly,

By the way, Bannon will be on the backside of this break.

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[laughs]

Great to have you on.

Thanks, Tony.

I appreciate it.

I want to announce today, too, I've hired Tony as my new agent.

So thank you for the kind words, sir.

Not deserved.

Look, I just want to say a few things because I know you've got other great speakers on.

And now many of those people are in positions of power.

Don't you think it's exactly what's happening on the left, where these Democrat socialists, I air quote around it, are doing the same thing, grabbing the energy, because People in their minds are far more left than what they're getting in the moderate Democrat, rhino Democrat party.

Yeah, the populist nationalist right, what they're trying to come out with is a phony populist, globalist, you know, kind of Marxist revolution.

Now, the rhinos, we're a long way from winning this thing.

You're seeing another fight right now.

In fact, the only way we're going to hold the midterms is not on Republican politics.

party policies.

It's on the policies of Trump and the policies of MAGA, and it's going to take the grassroots to roll their sleeves up and win eight of 10, you know, about eight or 10 of these congressional districts that are up in the air right now that Trump won in 24, and to drag this group back across the finish line with President Trump.

Is that fair?

Yeah.

That lead has been cut down about half in the last 30 days.

You know, Decision Desk had, I think the first time I came, started coming back on regularly, John, was a couple of weeks ago.

Decision Desk at that time had just published, uh, you know, their analysis and, and they and Cook, I think, are two pretty good bedrocks to look at.

Uh, Cook's got it much, much tighter, but, uh, Decision Desk had a 25 seat basically spread on, um, on, uh, Democrats.

I think it would come out as like 229 to, or 230 to 205 or something like that.

But it was a, it was like a 25-seat spread.

What the hell's going on here, Steve?

And you point out that this blockade here.

First off, first off, first off, first off, first off.

I love the promo for the show, and I love it.

You're amazing.

You're an amazing guy, both athlete, both jock.

But hold it.

The biggest, you're telling me about oils this and oils that, we got this.

The point is it's punitive, and they'll get sick of it real fast and get the thing opened, and they'll

So, Steve, thanks for joining us today.

Thanks, Tony.

And look, I think if I can in a nutshell say, I don't think we're fighting hard enough and I don't think we're fighting loud enough.

And I think we're not breaking enough furniture and we're not demanding people respect the Maha movement and know how powerful it is.

I really knew almost nothing about these issues years ago.

You know, I'm an economic nationalist, a populist.

I know about capital markets and economics and national security.

And it's been so important.

So the U.S. and regional partners will develop a reconstruction plan for Iran worth at least $300 billion.

No, I hate this.

And your idea is great.

First off, come to the United States.

If UAE and Saudi and these guys have such big opportunities, do it.

The United States has got to be paid for the amount of money we put out.

It ought to be a bonus for the sailors, airmen, and soldiers.

I mean, yeah, you trust them.

Am I right?

Well, I think he's got to – they do these scatter graphs.

They got to lay out the case for where he sees this going.

Powell is like – this is like being in Saigon in 1968 and being the military command.

Kevin Warsh is in a terrible position.

Because Powell's going to be very active in trying to drive this lay the predicate that rates have got to be raised.

You raise rates now we had Peter, we had Dr. Navarro right after you punched on the show.

Yeah, I got 35 years in the business, but Steve, why aren't we moving to become fully dominant? Not just independent, dominant.

Do you have any insight on this, Steve?

I don't think he says the cabinet, does it? Is the White House staff a cabinet? I forgot.

I read it earlier in the morning.

I don't know.

You know how...

Look, President...

Look, I...

So is he playing the media? Is he playing the Iranians? Is he playing bowling only? I mean, help us

I'm guessing if you hit one of those mines, it's not going to sink a destroyer, right? They're not that big, are they? You tell me what's wrong with this idea to clear the path, map the path, and then open up the Gulf.

Well, number one, the Strait of Hormuz is a very tough sea detail.

I've done that.

And of course, the Persian Gulf is a lot bigger than people think.

A couple of things.

Number one, today it was released, in fact, by President Trump, by the commander in chief.

He talked about 100 million barrels of oil that's secretly been taken through the Strait.

on the day doesn't sound like the oil traders are buying the 100 million barrel

Trump's setting up the other side

for negotiation.

Well, I think the issue is that... about this Apache helicopter didn't have mechanical problems.

It looks like it got taken out by the Iranian president to the true social and then said, this is going to have to be responded to.

Then there's all types of reports have not been confirmed that 82nd Airborne may have been forward deployed and some potential operation looking at Karg Island.

So a lot of rumors going around today.

The president putting out some true socials that are much more belligerent.

Shouldn't we be looking for that exit ramp that makes us both look not bad

I mean, I almost think that was a brilliant moment for Trump to really get people back behind him and refresh people's memories on how biased the media really is.

Well, hopefully they don't need less than that.

But I got to tell you, that was so good.

We played it in its entirety this morning.

I just told my producer when we were playing, I said, we got to play it again in the cold open.

It's classic Trump, particularly what's going on in L.A. It's just classic President Trump.

But I am glad I tuned in today to the Eric Bolling show because I would have never seen Scott Pelley That part of his interview, because I don't watch it, Barry Weiss is being mean to Scott Pelley, and he starts crying.

But listen, it's a good foil to have, though, Steve, no?

Steve, where do you think we really are in this negotiation?

Well, I think the problem is part to do with the initial strategy and the strike, the decapitation part of it is, as I've said, Eric, it's not simply getting in a room or having somebody to take your text messages or meet with somebody in Pakistan.

You have to have someone that actually has the authority in the country to actually sign a deal and then, more importantly, to execute it.

And I just don't see, you know, right now you've had for the last 48 hours this back and forth.

And every time President Trump says something, it's countered by some element.

And I mean, the president, I think, over there put his letter of resignation in because he said he didn't have the authority to really negotiate or to execute on a transaction.

So I think people ought to go back and just look at, you know, how many vessels are coming through.

Was this a great timing for them to be doing this? And why is Bibi doing this now?