Oval Office Tour with President Trump

Summary

President Trump gives the All-In hosts a tour of the redecorated Oval Office, the paved Rose Garden 'club' and the site of the planned White House ballroom, recorded September 4, 2025 ahead of a Rose Garden dinner for tech leaders. The conversation then turns to policy: Trump says AI companies may build their own power plants and sell surplus to the grid, touts tariff revenue and foreign investment pledges, auto and chip reshoring (the Intel stake, TSMC), and argues rates are falling despite the Fed while housing will catch up. The hosts note the dollar has stabilized and recall Trump's post-Liberation Day market-bottom call. No concrete investment recommendations are made; the discussion is political and macro commentary.

• Trump walks the hosts through the redecorated Oval Office: paintings retrieved from the vaults, 24-karat gold details and new marble floors.
• The Rose Garden lawn has been paved into the 'Rose Garden Club' for dinners; a White House ballroom starts construction in about two weeks and will take a couple of years.
• Trump says AI companies may build their own electric plants and sell surplus power back to the grid because the old grid cannot support them.
• Trump cites hundreds of billions in tariff revenue, a CBO revision to a surplus, and investment pledges from Japan, the EU and South Korea.
• Hosts praise the government's Intel stake and TSMC's US investment; Trump says auto and chip factories are returning to avoid tariffs.
• Trump says rates are coming down regardless of the Fed, criticizes Powell as too late, and expects housing to catch up quickly.
• Hosts note the dollar has stabilized and recall Trump's 'great day to invest' post that marked the market bottom after Liberation Day.
• Trump mentions a large order of new-model stealth bombers and highlights tax changes such as immediate R&D expensing and no tax on tips, Social Security or overtime.