Capitol Report Full Broadcast (Nov. 9)

NTD
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President Donald Trump says further U.S. strikes on Iran are unlikely. Why does he believe Iran’s military has been effectively defeated and what comes next?
Trump is urging Republicans to pass a bipartisan energy bill. Congressman Buddy Carter joins us to break down the GOP’s priorities before potentially losing their majority, and what’s at stake for American workers.
The CEO of Nvidia was reportedly targeted in a Chinese Communist Party honeytrap operation. What does this reveal about Beijing’s efforts to infiltrate America’s tech industry?
Good evening. Tonight on the Capitol Report,
President Trump says further U.S. strikes on
Iran may be unlikely. Why he believes Iran's military has
been effectively defeated.
Then what comes next? It won't be necessary. Taking the
military action doesn't seem to be a very necessary thing.
And the President urging Republicans to pass a bipartisan energy bill.
Congressman Buddy Carter will join us
to break down the GOP's priorities before
potentially losing their majority.
And what's at stake for American workers?
And the CEO of Nvidia reportedly targeted
in a CCP honey trap operation.
What does this reveal about Beijing's efforts
to infiltrate America's tech industry?
And I asked him about that.
And he said he had absolutely no idea
that the person in question was a spy.
This is Capitol Report,
live from our global headquarters
in our nation's capital.
Here's Steve Lance.
Good evening. President Trump says there
are no planned strikes on Iran,
but he's keeping the U.S. military
in the region to protect Middle Eastern allies.
We go now live to NTD's Washington correspondent,
Jack Bradley, standing by at the North Lawn.
Good evening, Jack. So where
do things stand right now with this conflict?
Good evening, Steve. Well, President
Trump's speaking to reporters saying that
the U.S. will not carry out renewed strikes on Iran.
And he just met with Qatar's prime minister
here at the White House today,
whose country has been a mediator in the negotiations between the
United States and Iran.
Trump says that he's keeping the U.S. military in the region while
talks continue and that there's a good chance
this will all end soon. Take a look.
It won't be necessary.
Taking the military action doesn't seem to be a very necessary thing,
but we're locked and loaded, ready to go for any reason that changes.
Israel and the entire Middle East are protected from Iranian danger
and threats, and we're seeing momentum toward the end of this conflict.
I think it's going to be ending fairly soon.
The president says that he's keeping U.S. military assets in the region
to protect allies from Iran in case the status quo gets broken.
It's been months of quiet, though,
without strikes in the conflict from either side.
Military nuclear capability is wiped out in Iran.
President Trump announcing as well a new task force called Task
Force Iron Gate to prevent Iran from obtaining military equipment
and dual-use technologies through land.
Meanwhile, the U.S. is keeping that naval blockade on Iran.
Oil can't come in or out.
Meanwhile, the president backing NVIDIA CEO Jensen Huang
after the company launched a probe into his affair
with a suspected Chinese spy.
Take a look.
I believe he's suffering greatly.
I read his statement, and I believe he's suffering greatly,
more so because of his family, his wife, who he loves,
and his family, because I did speak to him today
just to see if he's feeling all right, how you're doing,
and I asked him about that.
And he said he had absolutely no idea
that the person in question was a spy.
And the CEO of UFC, Dana White,
was at the White House press briefing room today alongside
President Trump right after President Trump joked about making White
his next press secretary.
Take a look.
I've always wanted to do this.
Who has the first question?
Thank you very much.
Thank you.
I have zero political aspirations.
I was in a fight for Zuffa Boxing in London
when he called me and told me that he had done this.
And the last 24 hours of my life has been insane.
But there was an actual changing of the guard today at the White House.
Stephen Miller beginning his first day as chief of staff,
replacing Susie Wiles,
who's stepping down and moving to President Trump's political operations.
Steve.
Certainly never a dull moment at the White House, Jack.
Earlier today, speaking of events,
the White House went on lockdown following
a security breach and two arrests.
What do we know about what happened?
So one person drove a car onto the sidewalk,
crashing it into the nearby Lafayette Park,
which is just outside the gates of the
North Lawn here at the White House,
while another person jumped a security barricade.
Now, the White House was briefly placed on lockdown,
and the roads around the park were closed for a brief moment.
A Secret Service spokesperson says that the driver
who crashed his car into the sidewalk
was combative with law enforcement and quickly arrested.
And at the same time,
A second person jumped the barricade at Lafayette Park,
and they were also arrested.
The Secret Service says both incidents are under investigation,
and it's unclear at this time if they are connected.
Fascinating stuff.
NTD's Jack Bradley, live from the White House.
Thank you, Jack.
In the Supreme Court today allowing
the Trump administration to proceed with the construction
of a section of border wall along the U.S.-Mexico border.
The wall will run along a remote region
in West Texas that includes Big Bend National Park.
The court granted the administration's
emergency request to lift a federal judge's order
that halted the construction in the region.
A lawsuit against the project was brought by an environmental group
and some other challengers.
In making its decision, the court,
relying on an immigration law that gives Homeland Security
broad authority to construct border barriers,
the court said the government is exceedingly
likely to prevail on its arguments in that suit.
And NVIDIA's CEO, Jensen Huang,
facing scrutiny after he admitted
to having an affair with a Chinese spy.
To break it all down, national security implications,
Stephen Mosher, president of the Population
Research Institute and author of the book,
The Devil in Communist China.
He'll be joining us in just a few moments.
Stay tuned for that.
In the meantime, joining me now to discuss
the president's latest press briefing are
Democratic strategist Mally Smith
and Republican strategist Ford O'Connell.
Great to have you both back with us.
So the president today discussing immigration at that press conference,
elaborating on recent
Innocent statements he made.
In an interview with 60 Minutes that aired last night,
here's what he had to say about some
of the immigration policy and discussion.
We want to get the worst of the worst,
and then we'll see what happens, but they came
in illegally.
Many of them have good jobs now, they're productive,
some of them are even paying taxes, and we're
seeing what's going to happen.
There won't be amnesty.
Somebody suggested, will there be amnesty?
No.
But they came in, they knew the law,
and we're working with a lot of different groups to
see whether or not, but my policy hasn't changed.
Malley, DHS Secretary Mark Wayne Mullen says he's open
to a deal for DACA recipients,
but not amnesty. Heard the president saying no amnesty there.
Research also links illegal
immigration to higher housing costs
and many other adverse effects to the country. Do Democrats
risk hurting themselves with voters if they push for mass amnesty?
Well, I think we'll have to take the lead
on what Trump administration, on what President
Trump is thinking with this deal.
You know, he floated it in the CBS interview,
and then in that press briefing, he seemed
to walk it back.
And we all know Stephen Miller himself is not someone
who is a big fan of anything that
relates to amnesty.
And I think the big question, especially on the right,
is what do we define as amnesty?
I've seen these debates on Twitter among folks on the right wing who
have different definitions on what amnesty is.
But I do think there are some broad contours
for a deal, which would involve, again,
doing what the Trump administration is doing on border
security, providing a pathway to citizenship
for those who've been in the country but have not done
any violent crimes and are good members of their community.
And then lastly, deporting anyone who
are violent criminals, like the president said.
So I think that's the broad framework,
but the question is, is there the political will
for it?
We're going to get to Stephen Miller in a moment,
but Ford, President Trump campaigned
on mass deportations and won the election.
Could a compromise
on illegal immigration cost Republican conservative votes?
I don't think it will because I don't think
the Democrats will actually come and make
a deal with Republicans and try to fix the situation.
Let's separate policy from tactics.
The policy President Trump has,
deporting the worst of the worst killers, that is actually
liked by the American public and even a lot of Democrats.
I think the issue here is also the tactics
that we saw sometimes, ICE use, whether it
was in Minnesota or other places,
that's what came under scrutiny in the midterm elections.
And when he's talking about Mark Wayne Mullen, the secretary of DHS.
There will be no amnesty.
And Malley basically said amnesty without actually saying it.
When you say a path to citizenship, that is amnesty.
That's where you're rewarding lawbreakers.
What President Trump is talking about,
what DHS Secretary Mullins is talking about,
or status.
Having status is very different than having a pathway to citizenship.
We're going to see where this goes.
But the Democrats can't help themselves
because the Democrats, nobody is illegal.
Mallory, you mentioned Stephen Miller today,
his first day at the White House as chief of staff,
this following Susie Wiles' departure from the role.
Many Democrats strongly opposed Miller's
promotion because of his role
in the president's immigration policies, as you pointed out,
which Democrats plan to challenge this session.
Stephen Miller actually has many good relationships
by many accounts with Democrats in this town.
The president alluding to this today in the briefing room
Do you think something might get done on a bipartisan basis?
God, that's a good question.
We will see.
I don't think appointing Stephen Miller
is necessarily a step in that direction because
I don't know of many good relationships Stephen Miller has
with Democrats.
And I think from all indications is he is going to.
But just basically press down the gas
on what the Trump administration has already
been doing.
And from a Democratic perspective of wanting to win elections,
I think that's great because
it already got the Republicans in this situation where there
was a historic defeat, where they
lost the House popular vote close to 15 points.
But as an American, I do not think it is a good choice.
And I think it's going to cause the Trump
administration's problems politically.
Ford, some say Republicans lost the midterms in large part
because they didn't deliver on conservative promises.
What does Miller's promotion signal in terms
of the policy for the next two years?
He's the architect of Trump's policy.
I mean, he's the guy behind all of the policies,
the America First movement.
I mean, the idea of putting American citizens ahead of everybody else
is the entire point of the Trump policy.
And also when it comes to energy, that's affordability.
These are things that are very important,
as well as obviously deportations when it comes to the
worst of the worst. I think one of the big things
is that I where I disagree with Malley is the
The Democrats are intoxicated right now with investigations.
Subpoenas and impeachment.
And frankly, what Stephen Miller is, is he's a political wartime
chief of staff, because the Democrats are going to come after him
and the White House. And
essentially, he's been with Trump since day one.
And there's probably nobody more loyal who has
matches the same energy as Donald Trump,
who also is very keen and very thoughtful, actually,
when it comes to policy and has been since his days on Capitol Hill.
So I think this is a great
choice overall. And frankly,
it's the person who's been by President Trump's side the longest.
Malley, President Trump has announced new factories
at campaign rallies and the United
Auto Workers even backing his tariffs at one point,
despite endorsing Democrats, the union,
the rank and file, many still supporting the president.
The latest jobs report also showed
165,000 new jobs. So once those factories are up and hiring,
could voters perhaps change their minds?
Look, President Trump lost this election
because he promised people chocolate and he gave them
manure. He promised folks that he would end inflation on day one,
and inflation was 2.9%
when he was elected. It is 3.7% now because of his war in Iran,
his tariffs, and his healthcare
cuts. And now, look, that was a good jobs report.
But what Americans are suffering on right now is
is the cost of living. And we have the inflation report due tomorrow.
And most people think that's going to be 3.9 to 4%.
So I don't think Americans are going
to start feeling better about this economy
until the cost of living comes down.
Look, I worked in the Biden administration at the Department of Labor.
We had a lot of good jobs reports.
The problem was, is Americans were focusing on the cost of living
because that was affecting everyone.
So I know a thing or two about jobs reports,
and they don't do it for Americans when inflation is high.
Ford, how do the Republicans sort of get out of this trap of messaging
when it comes to the idea of short-term pain for long-term gain?
Well, I think here's what's going to happen is the Democrats
are the ones that are going to actually help
the Republicans out of the sand trap, if you will,
because essentially they've been talking about affordability morning,
noon, and night, except they don't have any solutions on affordability.
For the last 15 years, they've tried to crush oil
and gas production in the United States, which is, by the way,
the best way to bring down affordability and stabilize them.
Inflation, when they talk about affordable housing,
that's only going to drive up the
cost of housing, especially when they put
in rent freezes like they did in New York
City. And when it comes to healthcare,
I don't even know what Malley's talking about because
Obamacare drove up the premiums
and now they're talking about Medicare for all, which is only
going to make it worse, and then ruin Medicare for seniors.
So the Democrats have been running a psyop,
honestly, for the entire year, yelling
affordability. There is not one point in this economy right now-
that was in at any point worse than it was in the 2022 midterms,
when somehow the Democrats
managed to hold on with absolutely one
of the worst economies we've had in the 21st century.
Speaking of the affordability platform,
New York City Mayor Zoran Mamdani reportedly met
with union leaders as he works to rally
the Democratic Party's progressive wing ahead of
the next election cycle.
Here's the mayor discussing the DSA's agenda and its relationship
with Democratic leadership ahead of the new Congress.
I think one of the most exciting things about
a number of the soon-to-be congresspeople
is that they think for themselves,
and they don't need me to tell them what they should do.
And we're talking about Claire Valdez or Darielis Avila Chevalier.
I'm excited for them to be joining Alexandria Ocasio-Cortez
as congresspeople representing the city
who also are members of the Democratic Socialists of America.
So Zoran Mamdani is reportedly trying to rally
the party's progressive wing in case Democrats
pick a moderate presidential candidate in 28.
He also endorsed many socialist candidates before
the midterms. A lot of attention has
been on the DSA elected candidates, but many moderates,
actually, Democratic moderates won in this election cycle as well,
a lot more than DSA.
Could this create friction within party leadership?
Well, as much as Republicans would like to talk about
our DSA members, the reason we have the
majority is we won in Trump plus 10, Trump plus 20 districts,
and we won in states that are purple or
red, like my governor, Roy Cooper, in North Carolina.
So I think a lot of these attacks
that Republicans make about the DSA fall on deaf ears
because they don't match the candidates
they're seeing. Look, I think Mamdani is certainly going
to try to influence the presidential race.
I think the issue he has is if AOC does not run.
There is not a clear progressive person to rally around.
Some folks say Ro Khanna,
I don't think he has the juice like AOC does.
But broadly, I think endorsements,
especially if they're from another politician are overrated.
I think the only endorsement
that would matter in the Democratic primary is Obama.
I think the only endorsement that
would matter in a Republican primary is Trump.
So I'm sure a lot of candidates
would like Mamdani's endorsement,
but I don't think it is gonna be a huge game changer.
Or there's the old saying, the revolution winds up eating its own.
Could the socialist
wing challenge, pose a challenge to party leadership,
ultimately hurting Democrats' ability
to take on Republicans in the long run?
They're already talking about it.
The United States Senate, a lot of the DSA or DSA aligned
candidates are already saying we're not going
to vote for Chuck Schumer. And right now, let's be
honest, it is the I do agree with Zoran on one thing,
and that is that the AOC Bernie Sanders
wing of the party is driving the bus right now.
And essentially, because El Sayed won in Michigan,
because Troy Jackson won in Maine,
they seem to feel fearless and they're going to take on their
own. And it's going to cause some problems for Hakeem Jeffries.
And I assume Chuck Schumer
In the Senate, should he actually be the Senate
leader? They're going to have some problems
because they're not going to remember how many
votes you actually need in the Senate because
they're going to say, oh, well, we don't control everything.
Well, now you control Congress. People
gave you the car keys. When you put the car back in the ditch,
you're going to put the White House
and the Republicans back in the White House in 2028.
That's just where we are right now.
The pendulum is swinging back and forth.
And this time around, it was Malley's team that won.
Malley Smith, Ford O'Connell, appreciate you both coming on.
Coming up, as Congress heads into a lame duck session,
what's next for Republicans?
We'll get the inside perspective
from Congressman Buddy Carter, just after the break.
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And welcome back to the Capitol Reports.
Congress gearing up for a flurry of activity
this week as lawmakers return after last week's
election.
Republicans are rushing to take advantage
of the final months of the 119th Congress
before Democrats take the majority in both chambers.
And today's Fiona Gee has a preview.
House and Senate Republicans are preparing for leadership elections,
which are scheduled for Tuesday.
A spokesman tells The Epoch Times that House Speaker Mike Johnson will
not run for Republican House leader in the next Congress.
He's held the position since 2023.
This means that the two top contenders for House GOP leader
are current House Majority Leader Steve Scalise
and House Judiciary Committee Chair Jim Jordan.
On the Democrat side, House Minority Leader Hakeem Jeffries
is expected to take over the role of House Speaker.
Is this skepticism from some progressives real about your leadership?
We have a vote next Wednesday.
I'm going to work hard to talk
to every single member about what we've been able to do together.
And in the upper chambers,
some Senate Republicans want to hold off on leadership elections.
In a letter to Senate Republican Conference Chairman Tom Cotton,
Wisconsin Senator Ron Johnson is asking for a delay
so that the party has more time to discuss and consider its candidates.
Also on the docket this week, Representative Thomas Massie has
filed articles of impeachment against Secretary of Defense Pete Hegseth.
Somebody's got to put their foot down and say,
are we going to follow the laws that
are on the books? Are we going to follow the Constitution?
And the best way to do that
is to have an impeachment against Pete Hegseth.
I'm a hard yes, as I've made clear on the
impeachment resolution. Pete Hegseth has abused his power,
undermined America's national security.
Both Republicans and Democrats also need to work
on either passing a stopgap bill in the next couple of weeks
or finalizing all appropriations bills.
If this is not done by December 11th,
the government will face another shutdown.
And taking a look at the midterms, we are still waiting
for those final results in the Senate races in Alaska and Mississippi.
According to AP, Mississippi Democrat Scott Colome
is narrowly leading incumbent Republican Cindy Hyde-Smith.
Around 97% of votes have been counted.
The state is still waiting on mail-in ballots,
which must arrive by Tuesday in order to be considered.
But even after those are counted,
there is still the question of affidavit ballots,
which need to be further verified for eligibility.
In Alaska, Democrat Mary Peltola leads incumbent
Republican Dan Sullivan by just around 600 votes.
As of Monday, only about 74% of votes have been counted.
Alaska Governor Mike Dunleavy tells WABC Radio on Sunday
that the final vote count will happen on November 25th.
If no nominee ends up winning over 50% of votes,
then Alaska's ranked choice system will kick in.
We won't know the exact majority
that Democrats will hold in the new Senate
until these two races are called.
Reporting from Washington, D.C., Fiona Gee, NTD News.
And with Congress back in session,
President Trump urging the Senate to pass the bipartisan
American Affordability and Jobs Act,
a bill he argues will create new jobs and lower energy
costs. And today's Jack Bradley spoke
with Georgia Congressman Buddy Carter to break it down.
Congressman Buddy Carter of the great state of Georgia,
thank you so much for joining us here today.
Thank you for having me.
Now President Trump right now
in this lame duck session of Congress is urging
them to pass the Bipartisan American Affordability and Jobs Act.
This is a Senate bill that has
support from both parties,
including Republican Senator Mike Lee, Democrat Senators Sheldon
Whitehouse and Martin Heinrich.
How would that help lower Americans energy bills?
Well, it helped lower the bills by streamlining the permitting process,
something that we all know needs to happen.
Now, we've done our job in the House.
We actually passed three bills that have been put into this one bill
in the Senate, and now it's being sent over to us.
But we passed the permit bill. We passed the Permit Act.
We passed the Ratepayer Protection Act.
We also passed another act that all three
of these together are accumulated into this one.
Affordability bill out of the House is out of the Senate
and when it comes over here, it's a bipartisan bill.
When it comes over here, my hope is that it will be able to pass.
Now, there are some minor differences
that I hope we can get worked out, but I'm very confident we can.
And the president's calling this landmark permitting reform.
How are the existing regulations hindering
the efforts to strengthen America's energy
independence?
Well, anybody who has been through
the permitting process knows that it is laborious, it is
lengthy, it wears you out.
And by streamlining it without compromising anything,
let's make sure we understand that.
I don't know where it's written that if it takes a certain period.
Period of time that is better than if it's it's done quicker
that that's that's that's not necessarily true at all.
So we can do a better job of the permitting process.
And that's what's going to help us.
It will especially help us in the energy sector
because that's where a lot of the hold up is right now.
You know, I have the honor
and privilege of representing the coast of Georgia
and the ports of Savannah and Brunswick are extremely important to us.
We deal with this all the time in the permitting process. We had an example.
We had the deepening of Savannah Harbor that took over a quarter
of a century to get it done, primarily because of permitting.
Wow. And if this.
You know, passes. What would that mean for the construction of mines,
pipelines, power plants
and specifically for Americans jobs and job opportunities?
Well, jobs and jobs opportunities, it will increase
and it will give us more jobs and job opportunities, which is good.
It would also speed up the process.
Again, it's not necessarily an indication that it takes so long.
The process is thorough. The process can be thorough
and it will be thorough, even though we can cut down on the timeline.
And Congressman Carter,
60 days left in this lame duck session before the new majority
of the Democrats take control of Congress and they're sworn in.
What are the Republicans' top priorities until then?
Well, no question about it. We've got to get a budget done.
Our budget expires on December the 11th and the NDAA,
which is extremely important.
And then what we've been talking about, the permitting process.
But defense is extremely important.
Again, the First District of Georgia that I represent, you know,
we've got over almost $350 million in investments in Fort Stewart
and Kings Bay. That's very important to our district.
It's very important to our country because of our defense.
And so with Democrats controlling both chambers of Congress in January,
what do you see them trying to push through at that point?
Well, I think they're going to overreach.
And I think what they're going to do is to
really try to push more environmental issues like they did
the last time they were in charge.
And it's going to result in higher gas prices.
Everybody's talking about the high gas prices,
and they are high. Trust me.
I buy from the same gas stations
and buy groceries at the same grocery stores everybody else does,
so I know what they're talking about.
But I want to remind you that gas prices
were higher two years ago than they are now,
and that was a result of the policies
that the Democrats were pushing at that time,
the Green New Deal, electric vehicles, all of those things.
And as far as who they choose as their leaders,
do you think that they're going to be establishment Democrats
or are they trying to choose somebody more leaning to the left?
Well, you know, there's no question
that the left-leaning Democrats that are taking office
are going to have a substantial impact on that caucus.
And what's going to happen is that even
the moderates are going to be pulled further left
because of those extremists in the party.
That's what you're going to see.
So you're going to see a very left-leaning Democratic
party in the next two years.
And as far as how the Republicans are going
to be handling Congress over the next two years,
you yourself were in a minority Congress
at one point under the Biden administration.
What's the strategy there? Will it be very similar
to that? Or is there going to be a
different strategy while they're in the minority?
Well, I think the strategy will be much the same, and that is,
of course, to make sure that we put our initiatives forward
and that our policies, and contrast between the policies,
because there is a significant contrast
in the policies of the Republicans and the Democrats,
making sure that what we're pushing in the Republican Party are going
to be lower taxes, energy affordability, safe cities, secure borders.
Those are things, putting more money in people's pockets.
Those are the things that Americans really want.
All right, Congressman Buddy Carter,
thank you so much for your insights today.
Really appreciate it.
Thank you.
And coming up, NVIDIA CEO Jensen Huang facing scrutiny
after he admitted to having an affair
with a suspected Chinese spy.
Stephen Mosher will join us to unpack
the CCP's influence operations
across American tech industries.
More on that when we return.
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Then one day, I was adopted.
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And welcome back to the Capital Report.
I'm Steve Lance. Tech company NVIDIA launching
an investigation into its own CEO, Jensen Huang.
This coming after he admitted to having an affair
with a suspected Chinese spy.
The alleged spy, Alice Huang, was a TV reporter in China before
becoming a top executive at a company called Megaspeed.
It's a Singapore-based data center
company that's one of NVIDIA's biggest customers in Southeast Asia.
Megaspeed has been under investigation
for allegedly diverting NVIDIA chips to China,
bypassing U.S. restrictions.
In a statement to NVIDIA employees, Huang issues an apology saying,
I hope our family will heal
and that over time I can earn back your trust.
Joining us now to assess the implications is Stephen Mosher,
president of the Population
Research Institute and author of the book,
The Devil and Communist China. Stephen, it's great
to have you back with us.
So before we get into NVIDIA, I want to get your reaction to this.
President Trump says he doesn't believe
further military action in Iran is necessary,
at least for now. However, he also added this. Let's watch.
And should there be any change with respect to developments
in the Middle East, the United States of America is fully locked
and loaded with the best equipment ever made.
And we don't think there's going to be any reason to use it.
However, it's going very well.
Stephen, the president known to keep his cards close to the chest,
a lot of high value military operations.
We saw it in his first term with Soleimani.
We saw it this term with Maduro.
How are you reading the president's comments here?
And does it suggest the war may be nearing an end or is the president,
like I said, keeping his cards close to the vest?
Well, I think that President Trump always keeps all
of his options on the table.
And when you're negotiating with the Mullahs and Iran,
you certainly have to do that because
they're quixotic, they practice deception,
especially in war, as many people do.
But the point that the president was making
is that they've got no navy, it's a failing
country, they've got 300% inflation,
they've got major problems now arising.
Economically, just feeding their people
and they seem to be now increasingly serious about
negotiating an end to the conflict.
And in the meantime, he pointed out,
and I have to agree with him, that we've lost no
soldiers over the last six months,
that oil is coming out of the Persian Gulf.
Clearly, during the midterm election campaign,
we heard a great deal about the damage that
the war in Iran was doing to the US economy, and gas prices are high.
I fill up with the same gas pump that everyone else does.
But the fact of the matter is that prices are now coming down.
Iran has it back against the wall.
And yeah, I'm cautiously hopeful
that the war will end now for the sake of not just
gas prices and affordability.
But for the sake of peace in the Middle East,
you know, he has been a peacemaker.
He settled, I think, eight wars during his first year in office.
And I'm hopeful that he can settle the war in Iran
and the one in Ukraine over the next few months.
Stephen, I have to ask you about CEO Jensen Huang,
NVIDIA, one of America's largest tech companies,
targets of a Chinese espionage campaign.
What does this say about the scope of the CCP's influence operations
across our technology sector right here on American soil?
Well, I think the effort is much larger
and has been going on much longer than many people realize.
And I say that as someone who was involved in 1999,
which is 27 years ago now, in the first
effort by the FBI
to set up serious counter-espionage operations against Chinese spying
in the United States. I traveled
to the major FBI bureaus across the United States, met with the
counterintelligence teams who were being set up to target
and defeat Chinese espionage. That was in
This is in 2000-2001.
And then we were distracted by 9-11
and we put all of our resources in terrorism.
But the Chinese weren't, the Chinese Communist Party continued.
It's espionage efforts over time.
We know that Fang Fang came over
and had a relationship with Eric Swalwell in 2012.
I know there were others from personal experience.
I've been approached, for goodness sake, as a critic of China,
as someone who's written books, testified before Congress,
served on a presidential commission.
I've had a very attractive Chinese woman come up to me
and express interest.
Of course, I immediately said, no, I'm happily married and left.
Unfortunately, Jensen Huang didn't do the same thing.
I think he deeply regrets having succumbed to the advances
of the woman known in Chinese as Huang Le.
Le meaning happiness or joy or pleasure.
It's been a pleasure.
But I'm...
I'm astonished that more American politicians,
state politicians, national politicians,
CEOs and other people aren't aware of the danger of falling
into a relationship with a Chinese spy, a honeypot.
In this case, I think that...
Her background clearly indicated that she was spying for the CCP.
I mean, her personal history, she claims to be a former TV broadcaster,
but no one in her native province of Hunan supposedly knows who she is.
Her personal history is a blank slate.
No one knows where she was born, who her parents were,
how she came by the money to incorporate
in 2023 the Huang Le Company named after her,
and then a few months later sold it.
To a company in Singapore called MegaSpeed,
which virtually overnight became NVIDIA's
largest customer in Southeast Asia.
It had, what, $5 million,
$6 million in the bank and ordered $5 billion of NVIDIA's chips
and equipment.
Where did the billions come from?
I wonder if Jensen Huang ever thought,
ever wondered where all those billions of dollars
came from to buy these very advanced high-end GPUs.
That the Chinese Communist Party is desperate to get their hands on.
But this is a lesson for everybody in the US government,
for everybody in the high tech field,
for everybody in any area that China is interested
in stealing intellectual property from.
Do not fall for this kind of bait because it always ends badly,
not just for you personally, but for the United States of America.
Couldn't be said any better, Stephen. A lesson indeed.
The president today said he called his
friend Jensen Huang to see how he was doing and,
you know, describe some of that conversation.
Jensen didn't seem to think that this person could
be a spy. I think it, you know,
serves as a reminder that the best Chinese spies
are the ones that you'll never suspect.
In the meantime, President Trump is set to meet
with Xi Jinping at the upcoming APEC summit in
In Shenzhen.
How do you think this espionage revelation,
there's been many in recent days and months,
will affect their discussions,
particularly around supply chains and semiconductors?
Well, I think President Trump
was once asked about Chinese spying in the United States,
and he said, well, they spy on us, and we spy on them.
In other words, the
The onus is on us. The burden is on us to defend ourselves against
spying by the Chinese Communist Party.
The tiger is never going to change its stripes.
So we have to be careful in our dealings with Chinese companies,
with the Chinese state,
because we know that they are stealing hundreds
of billions of dollars in intellectual property
from the United States every year.
They've been doing that for the last 30 years. There's no
Surprise here. There's no change in behavior.
They will not change their behavior. We simply
have to be better at defending ourselves against
these kinds of efforts to steal the crown jewels
of American technology. We're two
or three years ahead of them in artificial intelligence.
They will not be able to catch up with us because they cannot innovate.
They must steal in order to try to keep pace with us.
If we can stop the stealing,
if we can stop the espionage, we can win in space,
we can win in artificial intelligence,
we can win in robotics, but we must stop the espionage.
NVIDIA, obviously playing a key role in the AI race, probably speaks
to the determination of the Chinese Communist Party to embed a Chinese
spy with the CEO of the most powerful chip company in the country.
In the meantime, speaking of communism,
President Trump today giving his prediction about the future of Cuba.
Let's take a listen.
But Cuba is a failing nation.
We will help them on a humanitarian basis.
We are helping them, actually.
But we'll see what happens. Cuba is going to be interesting.
I would imagine it will fall
fairly soon. Stephen,
do you agree with the president's assessment here? And what do you
make of the possibility of communism losing
its foothold right here in the Western Hemisphere?
Well, I think that the years
of Donald Trump have seen tremendous reverses
for the Chinese Communist Party throughout all of Latin America,
with the possible exception of Brazil, of course,
where a communist, Lula, you can call him a socialist if you want,
I consider him to be a communist, won the recent presidential
election there under very, very suspicious circumstances.
But even Lula in Brazil has...
Recently called out China
because China has been taking advantage of Brazilian companies
and the Brazilian market in many ways as well.
China has lost Venezuela.
We have conservative presidents in Peru, Ecuador, and Chile,
in Central American countries, reducing China's influence there.
The two big outposts of China remaining in our hemisphere are now...
If you want to consider Brazil,
also Mexico is in the hands of a left-wing government.
But Cuba, Cuba, of course,
has listening stations run by the Chinese Communist Party,
listening, eavesdropping on American military communications,
especially in the Southern Command.
So, yeah, we'd like to see the Cuban people free.
All
There is tremendous pressure being
placed right now economically on Cuba
because of the oil and gas shut off to that country.
They're having trouble keeping the lights on.
right.
And I think that Marco Rubio, especially as Secretary of State,
as someone who was born into a Cuban-American family whose own
parents fled Cuba after the takeover by Fidel Castro back, what,
60 years ago now, is a motivating factor for him to do all he can.
To bring freedom to the island from which his own family came from.
So I expect positive changes in Cuba as well.
And I look forward to one day traveling to a free Cuba.
Stephen Mosher, as always, really appreciate your insights.
Thank you.
Coming up, new developments on the fridge cyber attack
that hits supermarkets across France.
The French government saying the perpetrator, the Iranian regime.
And the Trump administration planning
to invest hundreds of millions of dollars this year
in veteran-owned businesses.
More on both of them when we come back.
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And welcome back to the Capital Report.
I'm Steve Lance. French authorities have named a
perpetrator believed to be behind
the cyber attack targeting supermarket refrigerators.
Last month, the government says it's the Iranian regime.
And to these, David Lamb reports.
Following October's massive cyber attack on France's supermarkets,
the country is accusing Iran's Revolutionary Guard Corps,
or IRGC, for the mayhem.
The French government saying on Monday
that the attacks on the evening of October 11th
and 12th impacted around 700 major retail locations across France.
Hackers digitally tampered with controllers
for supermarket refrigerators, raising temperatures to up to 120
degrees Fahrenheit overnight, causing major food spoilage and fires.
Secretary of State Marco Rubio says he's
not surprised with the Iranian regime,
saying it's in the group's nature since 1979.
I mean, why is that surprising anyone?
The IRGC has been conducting acts of terrorism
and sabotage around the world for a long time.
France accuses Shahid Kaveh, the cyber-offensive unit connected
with the IRGC, of being behind the attack.
I talked about how great Iran is and how great
its people are and how different the Iranian
people are from the small core of violent maniacs
that govern them. It's very sick.
Paris will be asking partners in Europe
to support new sanctions against Iranian entities
and individuals involved in the attack.
A series of cyber attacks has hit Europe in recent months.
Just last week a French blood bank
and refrigerators at several supermarket chains were hit.
David Lamb, NTD News.
And with Veterans Day upon us,
Vice President J.D. Vance pledging hundreds of millions of
dollars this year for veteran-owned small businesses.
Vance also saying many of these
businesses play a key role in the defense supply chain.
NTD correspondent Jason Blair has more.
And so it's not just about job creation.
It's not just about economic growth. It's also about
many of you are helping build the industrial foundation
of the United States of America.
Vice President J.D. Vance announces
that the Trump administration will put hundreds of millions
of dollars toward veteran owned small businesses in the coming year.
He says that number could grow
to the billions over the next couple of years.
Keep doing what you're doing and let us know
know in the Trump administration how we can
do a better job supporting our
Our small businesses and our veteran-owned small businesses.
Vance says that veteran-owned small businesses
are a key element to the nation's defense supply
chain, from Patriot missiles to the 1,200 small businesses
that support the makers of troops'
sidearms. Without support from our small businesses,
our troops wouldn't have what
they need in order to keep us safe.
He says the COVID pandemic showed the risk of relying on
other countries for critical components.
Sometimes when you rely on other countries
And I don't know about you, but I'd much rather rely on my fellow
citizens to build and make and create the economy of the future.
The vice president says small businesses,
not big companies, drive the net job growth in the U.S.
And one of the things that sets the United States apart, even from some
of our peer economies in Europe and other parts of the world.
Is that we have a vibrant small business ecosystem.
Vance also credits SBA Administrator Kelly Loeffler
as a leader in combating fraud,
making sure money meant for small businesses gets
to where it's supposed to go.
Jason Blair, NTD News.
The Department of Veterans Affairs has approved
a $1.2 billion infrastructure upgrade this quarter.
It's part of a record $4.8 billion maintenance budget,
the largest in its history.
Those funds will be repairing aging systems,
modernizing facilities and electronic health records
and overhauling critical infrastructure
at VA hospitals throughout the country.
Secretary Doug Collins says the investments
are delivering better access and care for veterans.
More than 200,000 new enrollees this year alone
and 38 new facilities opening.
The benefits backlog down 74 percent.
Stay connected to the stories that matter.
Visit us at NTD.com and download the NTD mobile app.
From the nation's capital, I'm Steve Lance.
Have a great evening.
See you back here tomorrow.
