Trump says 'I love the inflation' after consumer price index hits 3-year high

Watch on YouTube ↗  |  June 10, 2026 at 16:56  |  3:45  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

President Trump dismisses concerns about the latest inflation number, calling it great. He reveals that US military actions against Iran and the extraction of oil from Venezuela have kept oil at $85 a barrel, not the feared $250. He boasts about record stock market highs, with 74 all-time highs in his term, and the Dow and S&P hitting milestones ahead of predictions.

  • Trump calls the latest CPI inflation data great and says he loves the inflation.
  • He states the US has been taking millions of barrels of oil from Venezuela and destroyed Iran's military capacity, keeping oil at $85.
  • Trump claims Iran's navy, air force, drones, missiles, and leadership are gone.
  • He highlights that the stock market just hit another all-time high, totaling 74 record highs under him.
  • He recalls expert predictions of a 25% market drop and $250 oil after attacking Iran, neither of which occurred.
  • No actionable investment advice; remarks are primarily political and self-congratulatory.
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