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Frank Gaffney

👤 Speaker
622 total appearances

Appearances Over Time

Podcast Appearances

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Hours consumes a lot, drives a lot. And so this pain and disruption, it'll be felt in sort of the emotions of the stock market that go up and down. And so people will talk about, I lost this in my 501k, but 401k, I should say. This shows you how good I am at finance. But these things will come up, they'll come down, but they're coming down from a high watermark. And so we'll weather this.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Hours consumes a lot, drives a lot. And so this pain and disruption, it'll be felt in sort of the emotions of the stock market that go up and down. And so people will talk about, I lost this in my 501k, but 401k, I should say. This shows you how good I am at finance. But these things will come up, they'll come down, but they're coming down from a high watermark. And so we'll weather this.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Hours consumes a lot, drives a lot. And so this pain and disruption, it'll be felt in sort of the emotions of the stock market that go up and down. And so people will talk about, I lost this in my 501k, but 401k, I should say. This shows you how good I am at finance. But these things will come up, they'll come down, but they're coming down from a high watermark. And so we'll weather this.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

A lot better than the Chinese do. If we keep making deals with Japan, Korea, Taiwan, India, if there's real movement in moving manufacturing, Apple's talked more about iPhones coming out of India more than from China.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

A lot better than the Chinese do. If we keep making deals with Japan, Korea, Taiwan, India, if there's real movement in moving manufacturing, Apple's talked more about iPhones coming out of India more than from China.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

A lot better than the Chinese do. If we keep making deals with Japan, Korea, Taiwan, India, if there's real movement in moving manufacturing, Apple's talked more about iPhones coming out of India more than from China.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

I mean, the more these pieces move, China's leverage goes down, our supplies are diversified, and the president can reduce the tariffs and things kind of go back to normal post-globalization, post-WTO.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

I mean, the more these pieces move, China's leverage goes down, our supplies are diversified, and the president can reduce the tariffs and things kind of go back to normal post-globalization, post-WTO.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

I mean, the more these pieces move, China's leverage goes down, our supplies are diversified, and the president can reduce the tariffs and things kind of go back to normal post-globalization, post-WTO.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Well, I think that we're going to hopefully before Memorial Day start to see some of the framework agreements, I guess they're calling them, with the big economies like Japan, Korea, maybe a few others, may become the pace setters for where the other deals might be flowing.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Well, I think that we're going to hopefully before Memorial Day start to see some of the framework agreements, I guess they're calling them, with the big economies like Japan, Korea, maybe a few others, may become the pace setters for where the other deals might be flowing.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

Well, I think that we're going to hopefully before Memorial Day start to see some of the framework agreements, I guess they're calling them, with the big economies like Japan, Korea, maybe a few others, may become the pace setters for where the other deals might be flowing.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

As those begin to trickle in, I'd like to believe that Xi Jinping will find a phone and be able to call and say, I'd like to make a deal with you. Mr. President. The Chinese in the past, they would do that. It wouldn't mean a deal is coming soon. It wouldn't mean that everything's going to work out great.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

As those begin to trickle in, I'd like to believe that Xi Jinping will find a phone and be able to call and say, I'd like to make a deal with you. Mr. President. The Chinese in the past, they would do that. It wouldn't mean a deal is coming soon. It wouldn't mean that everything's going to work out great.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

As those begin to trickle in, I'd like to believe that Xi Jinping will find a phone and be able to call and say, I'd like to make a deal with you. Mr. President. The Chinese in the past, they would do that. It wouldn't mean a deal is coming soon. It wouldn't mean that everything's going to work out great.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

But it would get into kind of a predictable back and forth of communication that calms markets, buys time. I think that with China, we're in for a multi-year adjustment. I don't expect there to be kind of a new normal by the end of this year or maybe even by the end of the term of Trump's administration this time. I think we're on a glide path to negotiating a new normal there.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

But it would get into kind of a predictable back and forth of communication that calms markets, buys time. I think that with China, we're in for a multi-year adjustment. I don't expect there to be kind of a new normal by the end of this year or maybe even by the end of the term of Trump's administration this time. I think we're on a glide path to negotiating a new normal there.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

But it would get into kind of a predictable back and forth of communication that calms markets, buys time. I think that with China, we're in for a multi-year adjustment. I don't expect there to be kind of a new normal by the end of this year or maybe even by the end of the term of Trump's administration this time. I think we're on a glide path to negotiating a new normal there.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

But a lot of these other things I'd like to think we could get through in the first half of the year with close partners that have proven responsible and several others in the second half of the year so that you've got a 2026 that is on a bit more of a predictable trajectory.

The President's Daily Brief
PDB Situation Report | May 3rd, 2025: Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

But a lot of these other things I'd like to think we could get through in the first half of the year with close partners that have proven responsible and several others in the second half of the year so that you've got a 2026 that is on a bit more of a predictable trajectory.