Chapter 1: What is the main topic discussed in this episode?
Let's talk about Netflix, but I don't want to talk about their shows and movies. I want to talk about the economic impact Netflix makes in this country. Over the past 10 years, Netflix has contributed $225 billion to the U.S. economy. They've brought productions to all 50 states and hired over 150,000 Americans as cast and crew.
That's carpenters, electricians, and small businesses, all real American jobs. Netflix, investing in America.
President Trump addresses the nation in the first State of the Union of his second term. Our nation is back.
Bigger, better, richer, and stronger than ever before.
We look at what the president prioritized and the Democrats' dissent.
I'm Daily Wire Executive Editor John Bickley with Georgia Howe. It's Wednesday, February 25th. This is Morning Wire.
The Supreme Court's decision to strike down most of Trump's tariffs has prompted sweeping new orders from the president.
The president will have to use alternative authorities that are more well-established under the law to pursue its tariffs.
And America's largest bank confirms that it did indeed debank Trump in the weeks following January 6th, though the reason remains disputed.
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Chapter 2: What does President Trump's State of the Union address focus on?
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President Trump delivered a wide-ranging State of the Union address last night, touting his wins over the past year and laying out his vision for the way forward.
Daily Wire senior editor Cabot Phillips is here to break it all down for us. Hey, Cabot, so a lot to get to here. There were some really moving guest appearances, a lot of policies touted, and of course, a lot of Democrat counter-programming all day. So where to start? Let's start with big picture. What was the major focus for Trump?
Well, President Trump said jokingly beforehand that viewers should be ready for a long night. And he was not kidding. By the time he left the podium, the runtime was about an hour and 45 minutes, making it the longest State of the Union address in history. So it was a long one. I'll do my best to condense it all.
Trump, of course, hit on the economy and affordability, immigration and foreign policy. But the main theme of the night really was American greatness. President Trump repeatedly framed his presidency as bringing America back from the brink while leaning into the looming 250th anniversary celebration this coming July.
And what became arguably the highlight of the night, Trump every few minutes would introduce a new individual candidate. who represented American exceptionalism. There was a Coast Guard swimmer who rescued more than 100 little girls during flooding in Texas last year. Then a National Guardsman who survived being shot in the head in a terrorist attack.
And in two just indescribably moving moments, he awarded the Congressional Medal of Honor to two men. First, a wounded hero who led the capture of Nicolas Maduro, and then a 100-year-old pilot who fought in World War II, Korea, and Vietnam. But the loudest moment came when the U.S. Olympic men's hockey team came down from the balcony. Listen to this applause. It went on for minutes on end.
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Chapter 3: How did the Supreme Court impact Trump's tariffs?
And as reported first by Daily Wire White House correspondent Mary Margaret Olihan, President Trump also introduced Erica Kirk and offered an emotional tribute to her late husband, Charlie.
Last year, Charlie was violently murdered by an assassin and martyred, really martyred for his beliefs. His wonderful wife, Erica, is with us tonight. Erica, please stand.
Now, coming into the night, one of the big questions was whether Trump would offer new insights into his plans for Iran. There were even some who believed that he might announce military action from the podium. But evidently, he did not want to let the world, or the Ayatollah for that matter, know his plans. Though he did offer this thinly veiled warning to the Supreme Leader.
They were warned to make no future attempts to rebuild their weapons program, and in particular, nuclear weapons. Yet they continue and are, at this moment again, pursuing their sinister ambitions. We are in negotiations with them. They want to make a deal, but we haven't heard those secret words. We will never have a nuclear weapon.
Chapter 4: What is the significance of the debanking of President Trump?
My preference is to solve this problem through diplomacy. But one thing is certain, I will never allow the world's number one sponsor of terror, which they are by far, to have a nuclear weapon. Can't let that happen.
Later on, President Trump called on members of Congress to pass a ban on congressional stock trading and to also crack down on fraudsters taking advantage of federal programs. To that point, he announced that Vice President Vance would be leading the, quote, war on fraud. not just in Minneapolis, but nationwide.
He also offered a direct response to the Supreme Court, which last week struck down many of his tariffs, telling Congress that he did not need their approval.
despite the disappointing ruling, these powerful, country-saving. It's saving our country, the kind of money we're taking in. Peace-protecting. Many of the wars I settled was because of the threat of tariffs. I wouldn't have been able to settle them without. Will remain in place under fully approved and tested alternative legal statutes. and they have been tested for a long time.
They're a little more complex, but they're actually probably better, leading to a solution that will be even stronger than before. Congressional action will not be necessary.
And of course, it would not be a Trump speech without quite a few references to illegal immigration. Trump spent plenty of time reminding folks of the record decrease in border crossings we've seen under his tenure. And in one of the more remarkable State of the Union moments we've seen in recent memory, he challenged Democrats to stand up if they support American citizens over illegal immigrants.
If you agree with this statement, then stand up and show your support. The first duty of the American government is to protect American citizens, not illegal aliens.
You can bet that you will see that clip in more than a few Republican ads this November. And more broadly, Democrats... just rarely stood to applaud for nearly anything that Trump said, including a number of the guests that he brought out. And that really became one of the big stories of the night. Democrats had counter-programming running all day long.
They held a just sparsely attended event outside the Capitol during the address. One of our reporters was there. And Virginia Governor Abigail Spanberger offered the official response. But the big story on the left was the constant interrupting of Trump from Democratic lawmakers.
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Chapter 5: Who were the notable guests during Trump's address?
and under Section 232, which are sectoral tariffs that are justified by national security concerns. This would be the authority that the president has used on steel and aluminum, copper, timber, computing, robots and some other sort of major sectors of the U.S. economy.
So I think the administration is really seeing an opportunity to to buy some time because those those well-established authorities that are indefinite and don't have that 150 day cap require an investigation and a common period essentially like any other major regulation.
And do you believe that those new tariffs will be more durable and be able to survive court scrutiny?
Yes. So if you look at, for example, the 301 tariffs that were implemented against Chinese goods in 2018, those are still in place today. Those were kept, largely kept by the Biden administration and across the second Trump administration.
So once they're put in place, they are indefinite, but they do require that work on the front end to establish the justification through an investigation by the U.S. Trade Representative's Office.
Will the president be able to, again, be more flexible in how he applies tariffs per country rather than a global percentage?
Yes, he'll have a lot more flexibility on rates across different countries under either the Section 301 authority or the Section 232 authority. And I think that's going to be a key part of his leverage as the conversations and negotiations continue over the coming months. This Section 301 authority, which the president has already used on multiple countries for
multiple different reasons is going to be hanging over in the background and and i think given the president's negotiation style uh it's it's pretty evident that he's going to be willing to turn that authority on any country that tries to renege on the deals that have been established
Final question here. FedEx just announced that they're suing the government for a full refund of tariffs they paid. Do you expect to see more of that? And will the U.S. government actually have to repay businesses?
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Chapter 6: What was the major theme of Trump's address regarding American greatness?
We debank people who are Democrats. We debank people who are Republicans. We debank different religious folks. Never was that for that reason.
So Diamond is saying they didn't debank Trump for political reasons. What reason did they cite?
Yeah. So the note that JPMorgan Chase sent Trump in February 2021 said that he simply needed to find a, quote, more suitable institution. Didn't specify a reason. But JP Morgan has said that these decisions are based on whether accounts pose, quoting here, legal or regulatory risks.
And Diamond did hint in that Fox interview that government pressure, perhaps from an incoming Biden administration, may have played a role in the actions that the bank ultimately decided to take.
We live under very strict rules and regulations and requirements. And to protect the country, we're required to report to the government. I can't even tell you when we do it because I'm not going to tell you that either. And so I want to change these rules. I actually applaud the Trump administration who's trying to say the debanking is bad and we should change the rules. Well, damn it.
I've been asking to change the rules now for 15 years. So change the rules.
And then in addition to that, Georgia, I spoke with sources at J.P. Morgan, and they told me that they often wish that they did not have to debank. But after decades of experience dealing with regulators who are sometimes politically motivated, they've learned to anticipate certain pressure if they don't take those actions.
So that brings up the wider debate over debanking. On this show, we've covered some debanking stories in cases where Christian or conservative groups believed that they were debanked for their beliefs. Could this case have some precedent for those other cases?
Yeah, already we're seeing some impact from the entire debate that's coming out because of Trump's accounts. And I think because of his personal experience with this, he has moved on this issue. So last year, he signed an executive order targeting what his administration called, quote unquote, politicized debanking.
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