Trump JUST Left the UN *Speechless* transcript

Well, Donald Trump certainly just left some people speechless at the United Nations, talking about the potential for an Iran deal, changing the name of artificial intelligence, bashing the Cubans, so much so that they got up and walked out all right in front of the president of Iran who's sitting there looking like totally shell shocked the whole time. Man, this was a show. Let's break down exactly what Donald Trump said.

So, here's the scoop. Donald Trump just uh moments ago at the United Nations, there's Sarah Eisen by the way, had the following to say. He says that US real household incomes are at the highest level in history. Real is inflation adjusted. This does not break it down by race as there are obviously racial disparities. But he is correct. Real household income in the United States has just hit all-time highs, now surpassing that 2019 peak back when Jerome Powell told us that monetary policy is finally broadly benefiting all Americans.

Donald Trump says then that we have reached the lowest murder rate in history. This uh is a little bit more mixed, but we are on the right trend. First of all, it's worth noting there was this weird bump during COVID. I show this chart which ends in 23 just to show you that we had a bump right after co the murder rate went up. I don't people lost their mind. I don't know how murder was measured here but anyway uh the uh NPR publication WHICH DONALD TRUMP DOESN'T LIKE very much.

NPR actually admits that US murder rate as of June 30th of 26 approaches a record low. That there were some years in the 1950s that we had a slightly lower murder rate. But it is true that our murder rate has been dropping. The murder rate in 2026 has fallen 18.7% in the first four months of the year. And if that pace continues, we will have the lowest murder rate in history with all violent crime down 6.4%. So he's actually not too off on some of these stats.

Uh that so far so good. Started off good and we got a little we got a little further down the [laughter] afterwards. Uh he then talks about Iran. He says that they are the number one state sponsor of terror. And I have to say there was nothing more entertaining than CNBC or you know whoever's playing this maybe it's C-SPAN cutting to the president of Iran listening to Donald Trump calling him the bully no more and I will never allow them to have a nuclear weapon and then the convenient cut to the president of Iran.

It was pure comedy seeing it happen. But anyway, Donald Trump says that they hide behind their conventional ballistic missile shield program to enable their nuclear ambitions. Donald Trump actually had a round of applause from the room when he said that he will not allow Iran to have a nuclear weapon ever. Of course, it's unclear if that was just the United States delegation clapping really loudly. Well, it sounded like it was pretty broad-based.

Donald Trump did say that 10,000 died in protests in Iran earlier this year. This is true. He says that all 150 ships are gone in the Navy of Iran and that the Air Force is gone. Pentagon reports do indicate that these are more than 90% gone. Donald Trump says that missiles and drone manufacturing are almost completely gone. This is a little bit more debated. Iran's production of drones right now is probably being limited by the global economic blockade that's leading to a real severe backup of supplies coming in from uh other countries.

So whether it's Afghanistan or Pakistan or or whatever, it's been very difficult for supplies to actually come into Iran through this economic blockade. Uh so Bess's economic D-Day is slowly starting to have an effect. But, uh, Iranian production of drone manufacturing is probably still sitting around the range of 150 to 250 per month inside of Iran. And keep in mind, they also have facilities intentionally set up in Russia where they could import drones from Russia or provide them or sell them essentially to the Russians for their fight against Ukraine.

Total production could be as high as 400 to 500 drones per month still. So, Donald Trump saying missile and drone production is almost gone. might overstate the fact that they still have quite a bit of drone production and they're really good at sneaking these drones through our defenses, especially since, you know, these cost 20, 30, $40,000 to manufacture, whereas one of our Patreon missiles cost somewhere around $4 million as an interceptor.

Donald Trump, of course, takes issue with the fact that, oh, you know, our munitions are critically low in these reports. The Pentagon themselves, the Pentagon itself has recently come out to say we are critically low on munitions. Donald Trump hates hearing that because he sees that as sort of us projecting weakness. So he ends up saying that we've got plenty. We've got more than we've ever even want to use. Fine. But that doesn't mean that we're still not substantially lower than where we have been in munitions.

And the latest Department of War uh report has indicated exactly that, that we are low on munitions. And frankly, our manufacturing capacity is very weak. Donald Trump, rightfully so, is pushing for more manufacturing so we can actually speed up how many munitions we have so we don't end up in a situation like this. Especially since Donald Trump wants to talk tough around the world. And that of course is what led the uh Cuban delegation to bail when you get Donald Trump suggesting, hey, you know, we are going to deal with countries that are terrible and we're going to uh transform them.

We're going to provide freedom to Cuba is what he argued. Just so you have it as a fact check so you don't just have to listen to me. This is straight from the lead inspector general report to Congress uh on what's going on with munitions and the war report. They talk about $33 billion in costs as of just June. That was after the memorandum of misunderstanding. Uh we've got 22 billion expended on munitions, 3.7 on equipment losses, billion.

By the way, this doesn't include how many repairs need to be conducted. We also have uh let's see shortfall right here. Uh this expended munitions. The office of under secretary for acquisition and sustainment said that munitions expenditure has resulted in strategic inventory shortfalls and revealed the industrial base has essential bottlenecks for resupplying these shortfalls. So, you know, it's easy for Donald Trump to argue that, oh, we have more than we would ever use.

Of course, because we're not going to use our last rocket. So, as long as you have more than one rocket, you have more than you would ever use. You could also argue we have 3,000 nuclear warheads, or it's probably closer to 4,000 nuclear warheads. We're not using those. We got a whole stockpile of nuclear warheads that we're not using. But that doesn't mean that we're still not critically low on things like Patriots or cruise missiles, like Tomahawk cruise missiles.

Estimates are that we've blown through over 90% of our Tomahawk cruise missile inventory. given that I mean we we launched hundreds of these in even just the first few weeks of the war in including the strike unfortunately on the school that yes was at the uh northwestern corner of a military base specifically for naval purposes in the straight of Hormuz. Crazy place to put a school but our intelligence definitely flubbed on that one.

We did a whole video breakdown this last weekend about how Palunteer and Pete Hegsth were getting blamed for issues potentially in the Maven software not flagging outdated information and Pete Hegsth for potentially cutting the manual review staff that would otherwise validate these targets before just hitting the red button and relying on AI which of course now Donald Trump says should be called super intelligence or SI or as I like to call it Cardor.

Anyway, Donald Trump wants to rebrand AI to SI. I think this is his way of suggesting that, oh well, you know, people hear AI and then they think it's artificial and therefore it's fake. I don't think artificial is supposed to come across as being fake. I think it's supposed to imply that it's produced by a machine rather than a human. But then again, we also don't say that these are artificial cars when they're manufactured by a robot, right?

So, like I get his point of view even though he didn't make that robot manufacturing analogy. I think that's the direction of where he's going. Do I think SI is going to catch on like AI? No. But, you know, some people are going to use that in branding super. And I actually think from a branding point of view, I think it works better than AI. Uh like, you know, AI is almost kind of like played out now, right? We've kind of been branding stuff AI for three coming up on four years now.

It's getting a little old. So, maybe this is the new brand, but more than that, this doesn't matter. Donald Trump then regarding a deal on Iran. This is the juicy part that we've kind of all been waiting for. He dangles in my opinion the right amount of optimism without giving any cards away. So he says the only thing that's not gone in Iran is inflation because we've basically decimated them. He says he says inflation's at 300%.

The official statistics out of Iran, so the truth is somewhere probably in the middle. The the official statistics out of Iran are that they are facing 69% year-over-year inflation. So it's probably not better than 69%. Is it all the way to 300%? I don't know. But either way, it's bad. Okay. Donald Trump says, "Will a dear deal deal be made that lets Iran rebuild and create the greatest country in the Middle East, or do I annihilate them?" Okay, this is back to Donald Trump's sort of OG positioning, which is, hey, let's try to arm wrestle them to threaten annihilation, take them back to the stone ages, destroy their civilization.

Right? These are the exact same phrases Donald Trump has used in the past right before making a deal or Trump always chickens outing tacoing on Iran. So that language to me implies that we actually are trending towards a deal with Iran. And I actually paid specific attention to how he was selling this vision of we could let them rebuild, we can let them be great, we can help them with their infrastructure, their buildout.

Well, you know, we investments into the country. He's basically pre-branding what we heard about from the Wall Street Journal yesterday, which that there is talk about this pact, which is an alliance, and the acronym works out to pact that would essentially enable 5 billion of infrastructure investments in the Middle East, 5 billion from the United States as a seed fund, 5 billion from other countries, and then potentially more investments opened up into the Iranian uh regime after a deal is made.

This is Donald Trump pitching, "Look how great it could be, or I'll annihilate you." This is exactly the kind of language he uses right before making a deal time after time after time. Whether it's memorandum of understanding, whether it's ceasefire, whether it's taco goinging out on their energy infrastructure, whether it's taco goinging out on sending him to the stone age, he's done it many, many times before and every single time it sounds just like this.

This is optimistic. He also gives us some optimism optimism on the timing. He reminded us that on the sidelines of the UN last year, we made the Gaza deal. Well, now there's talk that on the sidelines of this United States uh or sorry, United Nations General Assembly, which goes between now and Friday, and then I think there's another meeting on Monday, and then it's done. So, over the next six days, there will be sideline meetings, and there is a good chance, I would argue, that some form of deal could come. though I'm obviously not going to hold my breath.

Uh Donald Trump uh then goes on to suggest that the regime is weak and desperate and quote big changes can happen fast. In my opinion, that's also a hint. Big changes can happen fast. That is a bullish hint. To me, this sounds very familiar to when Donald Trump is like, "Good time to buy the dip in the stock market." And then he makes a deal the next day. Maybe I'm reading into it too much. Maybe I'm leaning into it a little bit too bullishly.

I've had this thesis that we're going to strike a deal pretty soon, uh, you know, for about three to fourish weeks now. So, you know, I might have a little confirmation bias. Donald Trump did say he expects a deal to be made after the election. But there are two deals that are really being talked about. There's a long-term deal and a short-term deal. What's being talked about in the short term, which Trump didn't mention, was a potential temporary deal to set the framework for talking about the long-term deal.

I think Donald Trump is going to strike a short-term deal now to pause the fighting, open up the straight of Hormuz. Iran wants the straight of form moves to open up and the blockade removed. Let that flow. Let both sides get their imports and exports flowing. Uh and and then you structure a longer term deal. Obviously, uh the shorter term deal is what markets are going to react to. Trump says a deal will be struck after the election.

You know, who knows? This could also be sort of his negotiating posture of I'm in no rush to make a deal, which is very common for Donald Trump. Anyway, anyway, Donald Trump says he's reasserting American power to create a a safer future. Uh he calls Cuba a failed state. That's when we saw the Cuban delegation walk out. Uh I have a uh brief little video clip of the Cuban delegation walking out for anybody who actually cares about that.

Now, here it is. This was the Cuban delegation dipping out. You can see Cuba there on the sign. Goodbye, Cuba. we're done. It was a little interesting to see uh the various different uh countries uh you know and and the sort of their reaction to some of this. But anyh who, uh Donald Trump then slams the ICC. The Wall Street Journal broke on Sunday that uh who by the way the Wall Street Journal also broke on Sunday that there's a $5 billion pact coming from the United States to aid in the Middle East.

Interesting. You know, that'll obviously be taxpayer money. But um the Wall Street Journal also reported that the United States might prepare sanctions against the ICC, the International Criminal Court. Donald Trump uh does not want the ICC to have any power over Americans or American countries. And these sanctions could bar US companies from providing any money to the ICC. Same for Americans. The ICC, worth noting, was created in 2002 to prosecute individuals accused of genocide.

So this was right after 9/11. prosecute war crimes, prosecute crimes against humanity. The United States and Israel have been really concerned about the ICC, mostly because of what's going on in the Gaza Strip, what's going on in parts of Lebanon, and also some of the mistakes that have occurred in the strikes against Iran, including that school. And so, there are fears that remember that school strike killed 123 children, for example.

But there are fears that um reports of war crimes to the ICC and then prosecutions by the ICC could be bad for uh BB uh of Israel or Donald Trump. And Donald Trump does not like any agency that has power that he can't influence and there's a belief that the ICC might not be subject to US power. Of course, that's where Donald Trump would have the power of the purse, hence potentially sanctions against the ICC. Uh this is uh not unusual for Donald Trump to want to try to claim more power.

Axios had I I feel like this was a little bit maybe too negative of a piece. You know, I always try to look at the uh um uh read between the lines a little bit. Uh but yesterday Axios had a piece where they were essentially saying a lot of this is Donald Trump lashing out as he expects to lose power during midterms. We'll see. Uh either way, you know, and then he sort of wraps up on changing AI to super intelligence.

Overall, I have to say I I think the speech was broadly as expected. Uh I do think that, you know, some people, especially the president of Iran, definitely had a little bit of a speechless look to their face. Uh but broadly, I think we got more optimism out of this than I expected. I I actually thought that Donald Trump was more accurate than usual on his speeches. I fact check a lot of his speeches, and most of the time I have to make a lot of corrections.

This one was a little better uh than what we've seen. You know, obviously some of the extreme comments about Cuba being a fail state or or Trenagua and and how, you know, crimeridden Mexico is, some of these obviously more hyperbole, but when it came to actually facts, with the exception of the munitions shortages, which is really Trump branding to project power, um there were fewer fact checks to make this time. Uh, and I do think he gave us plenty of hints that things can change very fast and remember how we made a deal on the sidelines last year.

To me, that left me with more hope that a deal could happen. I don't know that markets care about that until a deal actually happens. If we look at market reactions right now, uh, excuse me, we can see that the 10-year Treasury yield is uh, some of this could be because of the ADP report this morning, which was relatively bullish. We could see that the 10-year has moved up again. We were at 4.93. We're at about 4.96 right now.

So, not so great on yields. And Brent after the speech did end up rising above 100 after this talk about a deal being occurring after midterms. We'll see. Again, I think that's negotiating posture and I think there's a short-term deal and a long-term deal. So, I think, you know, you really with Trump, you got to read between the lines regularly. So, you know, initial reaction is probably from markets here that you would have expected more. you didn't really I mean you kind of topped out on the cues as Donald Trump's speech began and you really haven't gone anywhere since then but we also had a fantastic day yesterday so uh you know in fairness you [music] can't win every single day right uh in in terms of the market going straight up like it did yesterday [music] was a phenomenal day uh and I mean hey Meta keeps rising which uh which has been a call that we've been making since about $566 a share I made multiple videos on the channel about uh this one about to being about to take off.

So, subscribe to the channel if you haven't yet. But that gives us a breakdown of Donald Trump's speech. >> Why not advertise these things that you told us here? I feel like nobody else knows about this. >> We'll we'll try a little advertising and see how it goes. >> Congratulations, man. You have done so much. People love you. People look up to you. >> Kevin Praath there, financial analyst and YouTuber. Meet Kevin. Always great to get your take.