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Morning Wire

Trump Pressures Tehran & Economy Gains Momentum | 1.14.26

14 Jan 2026

Transcription

Chapter 1: What did President Trump announce regarding Iran?

4.233 - 11.027 Georgia Howe

President Trump calls off all meetings with Iran, telling anti-regime protesters to take over and that help is on the way.

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11.067 - 16.859 Unknown

Save the name of the killers and the abusers that are abusing you because they'll pay a very big price.

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17.58 - 40.164 Georgia Howe

I'm Georgia Howe. Daily Wire executive editor John Bickley is off today. It's Wednesday, January 14th, and this is Morning Wire. Amid the administration's focus on affordability, inflation holds steady, something the White House says is not by accident.

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40.184 - 45.993 Unknown

Productivity is soaring. Investment is booming. Incomes are rising. Inflation is defeated.

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Chapter 2: What are the implications of Trump's cancellation of meetings with Iran?

46.534 - 49.599 Unknown

America is respected again like never before.

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49.619 - 57.612 Georgia Howe

And as another shutdown deadline approaches, Congress workshops a funding package that would keep the lights on until October.

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57.777 - 66.565 Brad Finstad

In this current round of appropriations, we have been very strong on the fact that, you know, this whole bridge to nowhere type funding has to end.

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66.986 - 71.28 Georgia Howe

Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.

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73.353 - 92.752 Unknown

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Chapter 3: How is the U.S. responding to the protests in Iran?

93.132 - 109.434 Unknown

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137.731 - 153.732 Georgia Howe

President Trump put Tehran on notice on Tuesday, cutting off discussions with Iranian leaders and telling protesters help is on the way. Daily Wire reporter Tim Pearce is here to talk about the latest in Iran. So, Tim, first, what talks did President Trump cancel and what's his strategy?

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153.762 - 167.319 Tim Pearce

Yeah, apparently all of them. The president appears to be through with negotiations, at least as long as Iran is cracking down on protesters. Trump posted on True Social yesterday that the killers and abusers in Iran will pay a big price.

167.559 - 179.955 Tim Pearce

He said he has canceled all meetings with Iranian officials until the killing stops, and he urged protesters to take over institutions while suggesting that help will come soon. He talked about that post yesterday afternoon in Michigan.

180.188 - 185.396 Unknown

You said to Iran this morning that help is on the way for protesters. What did you mean by that?

Chapter 4: What recent trends are observed in U.S. inflation rates?

185.416 - 185.937 Unknown

What kind of help?

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185.957 - 206.449 Tim Pearce

You're going to have to figure that one out. I'm sorry. He also recommended that any Americans currently in Iran should probably leave now. That followed a government alert sent out Monday that advised U.S. citizens should expect continued Internet outages, plan alternative means of communication, and if safe to do so, consider departing Iran by land to Armenia or Turkey.

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206.615 - 212.223 Georgia Howe

Now, we're seeing a lot of mixed reporting on what's actually happening on the ground in Iran. What do we know for sure?

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212.263 - 222.157 Tim Pearce

Yeah, the Internet blackout over Iran has made it very difficult to get news from the ground. One of the big questions is the number of people killed by Iranian forces over these protests.

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Chapter 5: What economic factors are influencing the current inflation rate?

222.598 - 239.118 Tim Pearce

And the number there seems to be more people have been killed during this round of protests than probably any other in recent years. The U.S.-based human rights activist news agency estimates that 1,800 people have been killed, which already is a huge number, but that's on the low end, actually, of the estimates.

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239.498 - 257.918 Tim Pearce

The Saudi-funded outlet Iran International estimates a much higher death toll at around 12,000. And thousands more Iranians have been arrested, and punishments are already being carried out for those. Reports say that 26-year-old Irfan Sultani is expected to be hung today after the government found him guilty of, quote, "...waging war on God."

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257.999 - 263.605 Georgia Howe

Now, President Trump said, quote, help is on the way. Do we have any sense of what he's planning?

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263.635 - 281.338 Tim Pearce

Reports have said that the president has been given a range of options, from military strikes to cyber and psychological attacks. He's already placed new economic pressures on Iran. He did that on Monday and said that any nation that conducts business with Iran will be subject to a 25% tariff on all business with the United States.

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281.939 - 300.464 Tim Pearce

But the administration has been pretty tight-lipped about what other action the president wants to take. Now, some have pointed out that the US doesn't actually have an aircraft carrier strike group in the Middle East right now, which would suggest a military response is less likely. But Senator Tom Cotton, the chair of the Senate Intelligence Committee, told Hugh Hewitt Monday that the U.S.

300.504 - 302.552 Tim Pearce

military shouldn't be underestimated here.

302.87 - 326.683 Tom Cotton

I think it's fair to say after Operation Midnight Hammer last June that blew up Iran's nuclear facilities and the operation to apprehend Nicolas Maduro, that the United States military has amazing capabilities that never puts any kind of operation outside of its grasp, no matter where this or that military asset may be located on the globe.

326.663 - 346.851 Tim Pearce

Cotton also said that the Iranian regime seems weaker now than at any time since it took control in 1979. And that sentiment has spread. German Chancellor Friedrich Merz the other day actually became the first world leader to predict that the regime will fall soon. He told reporters, quote, I assume that we are now witnessing the final days and weeks of this regime.

Chapter 6: What is Congress's plan to prevent a government shutdown?

347.592 - 350.435 Georgia Howe

Well, we could be watching history right now. Tim, thanks for reporting.

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350.856 - 366.474 Unknown

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416.675 - 429.77 Georgia Howe

The latest Labor Department report showed Tuesday that inflation continues to cool, once again defying expert predictions. Daily Wire senior editor Cabot Phillips has the details. So Cabot, you've been digging into these numbers. What did you find?

430.091 - 432.534 Cabot Phillips

Well, put simply, we learned that inflation remains low.

Chapter 7: How does the new funding package differ from previous proposals?

433.054 - 452.769 Cabot Phillips

On Tuesday, the Labor Department released their highly anticipated CPI report for the month of December, and it showed inflation sitting at 2.7 percent. That is tied for the lowest mark we've seen since March of 2021. Now, that still means prices have gone up a bit compared to the same month last year. But more broadly, the pace of inflation has now fallen dramatically.

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452.97 - 470.105 Cabot Phillips

Remember, we were dealing with 9% at its peak in 2021. And across Joe Biden's four years in office, the average inflation number was about 5%. So... Relatively speaking, 2.7% is a welcome respite. And it's worth noting this latest report once again surprised experts who had projected a slightly higher number.

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470.385 - 486.329 Cabot Phillips

I know some of our listeners might accuse me of sounding like a broken record because they've heard me say that plenty of times before. The experts were wrong. But that is the reality. Month after month after month. Inflation has come in lower than expected, again, defying expert predictions and thrilling the White House.

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486.709 - 493.279 Cabot Phillips

For his part, President Trump celebrated the news Tuesday, saying it was further proof that Fed Chair Jerome Powell should lower interest rates.

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493.94 - 505.558 Unknown

The inflation numbers just came out and we have very low inflation. So that would give too late Powell the chance to give us a nice, beautiful, big rate cut, which would be great.

505.859 - 517.334 Cabot Phillips

For more context, I spoke with E.J. Antoni, the chief economist for the Heritage Foundation. He said that he believes the Labor Department is not accurately measuring a few inflation indicators and that the true inflation numbers are even lower.

Chapter 8: What measures are being taken to prevent fraud in government spending?

517.854 - 532.693 E.J. Antoni

I think overall, these are very good numbers. You know, we've seen them come down, obviously significantly from where they were under Biden. But we also have to remember that there's a huge lag in some of the components that are contributing the biggest increases in this index.

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532.673 - 548.075 E.J. Antoni

The Bureau of Labor Statistics is not accurately capturing many markets in the country where rents are declining right now. Instead, the indexes are still rising. So inflation is most likely even cooler than these prints are suggesting.

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548.636 - 558.63 Georgia Howe

Now, like you mentioned, there's been lots of predictions that the tariffs would cause inflation to go crazy, but that hasn't happened. What can we glean about the impact of the tariffs from these numbers?

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558.779 - 574.114 Cabot Phillips

Yeah, remember last year when Trump launched his Liberation Day tariffs? Most economists, as you mentioned, predicted consumers would be hit the hardest as businesses would be forced to raise prices to compensate for the tariffs and then inflation would in turn go up. But each month the data shows that's just not happening.

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574.334 - 578.938 Cabot Phillips

President Trump spoke at the Detroit Economic Club yesterday and it really drove home that point.

579.439 - 599.458 Unknown

Every prediction the critics made about our tariff policy has failed to materialize. The evidence shows overwhelmingly that the tariffs are not paid by American consumers, that they're paid by foreign nations and middlemen. Once again, the so-called experts were 100% wrong and Trump was right.

599.818 - 610.352 Cabot Phillips

And I did ask Antony for his take on that aspect, and he elaborated on who exactly is footing the bill for these tariffs and how the Trump administration is working to make sure that it's not consumers.

610.332 - 620.848 E.J. Antoni

The vast majority of the tariffs have not been passed on to consumers. That's due to a couple of different factors. One is the fact that the administration is simply refining the tariff strategy.

620.908 - 637.133 E.J. Antoni

When they find markets like bananas or coffee, where the costs are likely to be passed on to consumers, the administration has rolled back those tariffs to make sure that consumers in America aren't paying the cost. But when you have cases where middlemen,

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