Secretary Marco Rubio went out of his way in this joint presser to emphasize the personal relationship between Hungarian Prime Minister Viktor Orban and U.S. President Donald Trump. Orban is facing a serious election challenge this April and all of the EU/NATO systems are actively trying to create pressure points to remove him.
Secretary Marco Rubio is in Budapest today for meetings with Prime Minister Viktor Orbán and his government to include the signing of a civilian-nuclear cooperation agreement heralded by the Trump administration. Hungary is one of the few voices within the European Union who is pushing back against Brussels efforts to go to war against Russia.
Prime Minister Orban has been very critical of Ukraine, openly stating his opposition to EU membership for the embattled country. In response President Zelenskyy has weaponized Ukraine’s geographical stewardship of oil and gas pipelines to shut down Hungarian energy and drive-up prices. VIDEO:
[Transcript] – MODERATOR: (Via interpreter) Good morning, ladies and gentlemen. May I extend my most cordial welcome to all of you, and may I extend my most special welcome to His Excellency Mr. Marco Rubio, Secretary of State of the United States of America, at the press conference and signing ceremony organized on the occasion of his visit to Hungary. Let me also extend my warm welcome to Mr. Viktor Orban, Prime Minister of Hungary, members of the U.S. and Hungarian delegations, and all our esteemed guests.
At today’s event, the agreement between the Government of the United States of America and the Government of Hungary to facilitate cooperation on the civilian nuclear program in Hungary will be signed. The signatories to the agreement on behalf of the United States of America, Secretary of State Marco Rubio, and on behalf of Hungary, Minister for Foreign Affairs and Trade Mr. Peter Szijjarto.
Secretary of State Marco Rubio took a different path on his European visit than Brussels wanted to see. After his time at the Munich Security Conference, Rubio headed to Slovakia and Hungary for conversations with the two nations who are not at all in alignment with Brussels leadership on the issue of Ukraine.
UPDATE: Better video and Transcript Added
Rubio speaks very bluntly on the topics that are of key concern to Prime Minister Robert Fico, including the topic of energy which is a major problem for both Slovakia and Hungary right now. Toward the end of the presser, the very last response by Fico [44:20 of video] is very interesting.
Prime Minister Fico directly claims that Ukraine is purposefully withholding oil and gas from pipelines that travel from Russia through Ukraine, into Slovakia. Fico notes he is not going to blame either Ukraine or Russia for previously detonations at the oil refinery and transport hub, but he is very sure Ukraine is purposefully withholding energy products from Hungary as blackmail until Hungary changes their position on Ukraine achieving status in the European Union.
You can tell from the way Fico presents the subject and from the prior points of Rubio this hot button issue is why Fico flew to Mar-a-Lago a few weeks ago for a talk with President Trump. WATCH:
MODERATOR: (Via interpreter) Hello, ladies and gentlemen. Please, welcome to our press conference after mutual meeting of the Prime Minister of Slovakia Robert Fico and Secretary of State of the U.S. Marco Rubio. So, Prime Minister, please, you have the word.
PRIME MINISTER FICO: Thank you. (Via interpreter) Dear Secretary of State, dear Marco Rubio, please allow me to welcome you once again – you and your whole delegation – to Bratislava and our office of the Government of the Slovak Republic. Dear ladies, dear gentlemen, we had a shared, short tete-a-tete meeting with the Secretary of State, and then we had delegations’ discussion when we went into details, where we discussed topics that are the point of our today’s meeting. I’ll try to briefly sum up the conclusions of our discussions, be it in Four Eyes or, let’s say, in our meeting of delegations.
First of all, I deeply appreciate the fact that this visit comes quickly after our meeting in Florida, where I had a chance to speak with the President of the United States Donald Trump with Mr. Rubio being present. So, it’s a great follow-up and great country, nation. And after a short while when we met in Florida, we could discuss how much we achieved during those few weeks about topics we discussed.
Marco Rubio appears for an interview with John Micklethwait of Bloomberg News. The interview was pre-scheduled as a follow up to the rather historic speech in Munich at the security conference. Within the interview {video and transcript below} Rubio expands on the baseline of the speech, the ‘why‘ is the U.S-EU alliance important.
Beginning with the end in mind, Rubio reminds the interviewer that an alliance must first accept the purpose of the assembly. There are common values and common social components to the relationship that sit at the core of the decision to be allies.
We have a shared civilization based on shared values, and within that central component the Trump administration is staring at the Europeans and saying they have lost focus on these values. Europe is diminishing itself; it is fracturing its culture and has lost its sovereign identity. The United States wants to stay partnered with Europe, but we are not going to be a partner anchored to a collective mindset that has lost its identity.
This culturally Marxist status, a gathering of nations infected with political correctness, pontificating wokeness and apologetic self-flagellation, is the core problem the Europeans are not willing to face. President Trump and Marco Rubio are essentially telling the EU to shake it off, quit being woke, get proud of your heritage, institute political systems that give benefit to the population and regain pride in themselves and their identity.
The process begins with national security, but that is not just about military spending. Their energy industry needs to support economic independence; they cannot outsource component manufacturing; they need to reestablish economic baselines that are not dependent on Russia, China, India or any other risk vector that could be used to manipulate.
QUESTION: Marco Rubio, Secretary of State, thank you for talking to Bloomberg. You’ve just made this rather remarkable speech where you talked about the destiny of Europe and America always being intertwined. You talked about the alliance which has stretched all the way, culturally, from Michelangelo to the Rolling Stones – a first, I suspect, for a secretary of state – but a culture that has bled and died together. But the very common theme of your speech was the need to share the burden, the need for Europe and America to do things together, which was slightly different from the Vice President last year. Were you kind of offering a carrot where perhaps he was offering a stick?
SECRETARY RUBIO: I think it’s the same message. I think what the Vice President said last year very clearly was that Europe had made a series of decisions internally that were threatening to the alliance and ultimately to themselves, not because we hate Europe or we don’t like Europeans but because – what is it that we fight for, what is it that binds us together? And ultimately, it’s the fact that we are both heirs to the same civilization. And it’s a great civilization and it’s one we should be proud of. It’s one that’s contributed extraordinarily to the world and it’s one, frankly, upon which America is built, from our language to our system of government to our laws to the food we eat to the name of our cities and towns – all of it deeply linked to this Western civilization and culture that we should be proud of, and it’s worth defending.
And ultimately, that’s the point. The point is that people – people don’t fight and die for abstract ideas. They are willing to fight and defend who they are and what matters and is important to them. And that was the foundation he laid last year in his speech – and we add on into this year – to explain to people that when we come off as urgent or even critical about decisions that Europe has failed to make or made, it is because we care. It is because we understand that ultimately, our own fate will be intertwined with what happens with Europe. We want Europe to survive, we want Europe to prosper, because we’re interconnected in so many different ways and because our alliance is so critical. But it has to be an alliance of allies that are capable and willing to fight for who they are and what’s important.
The pundits, economists and financial media are shocked, perplexed, befuddled and flummoxed. The Bureau of Labor and Statistics has released the January inflation data [SEE HERE] and the results are much better than they expected.
Overall inflation is 2.4% year-over-year, and there are zero indications that tariffs are having any impact on consumer prices [See Apparel].
CORE inflation, which removes food and energy, comes in at 2.5% year-over-year, the lowest number since March 2021. This is like reliving 2018 all over again, when the pundits proclaimed with absolute certainty that Trump’s tariff approach was going to cause inflation; it never happened.
VIA ABC – Inflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.
Prices rose 2.4% in January compared to a year earlier, according to the Consumer Price Index.
The Obama-Biden administration couldn’t get the votes needed in Congress to amend the Clean Air Act and regulate “greenhouse gases.” So, they both decided to ignore the law and create trillions in regulatory costs on the American people.
As noted by EPA Administrator Lee Zeldin, “The Trump Admin is proudly following the law, saving $1.3 TRILLION for the American people, lowering new car costs by over $2,400 per vehicle, and getting rid of the climate participation trophy for manufacturers to install Obama Switches that shut vehicles off at red lights and stop signs.” WATCH:
The Bureau of Labor and Statistics releases the employment figures for January today [BLS DATA HERE]. Overall, in the establishment survey, 130,000 jobs were added and the unemployment rate fell to 4.3%. This is much stronger than anticipated and there are indications of significant movement back to work as the exfiltration of illegal alien workers continues.
Via WSJ – “The U.S. added 130,000 jobs in January, surging past expectations and marking a strong start to the year following a weak year of job growth. The January numbers from the Labor Department were above the seasonally adjusted 48,000 jobs added in December, which were revised slightly lower. Economists polled by The Wall Street Journal were expecting 55,000 jobs in January.
The unemployment rate, which is based on a separate survey from the jobs figures, fell to 4.3% from 4.4%.” (more)
What I find interesting in the Household ‘Employment’ Survey is the number of people going back into the workforce. I am left to wonder if the ICE removals are starting to create employer driven incentives, increased wages etc. that seem to be pulling sidelined workers back to the labor market.
Writing on a Truth Social post earlier this evening, President Trump is threatening to block the U.S. side of a new bridge that links Detroit, Michigan to Ontario, Canada:
(Truth Social) – “As everyone knows, the Country of Canada has treated the United States very unfairly for decades. Now, things are turning around for the U.S.A., and FAST! But imagine, Canada is building a massive bridge between Ontario and Michigan. They own both the Canada and the United States side and, of course, built it with virtually no U.S. content. President Barack Hussein Obama stupidly gave them a waiver so they could get around the BUY AMERICAN Act, and not use any American products, including our Steel.
Now, the Canadian Government expects me, as President of the United States, to PERMIT them to just “take advantage of America!” What does the United States of America get — Absolutely NOTHING! Ontario won’t even put U.S. spirits, beverages, and other alcoholic products, on their shelves, they are absolutely prohibited from doing so and now, on top of everything else, Prime Minister Carney wants to make a deal with China — which will eat Canada alive. We’ll just get the leftovers! I don’t think so.
The first thing China will do is terminate ALL Ice Hockey being played in Canada and permanently eliminate The Stanley Cup. The Tariffs Canada charges us for our Dairy products have, for many years, been unacceptable, putting our Farmers at great financial risk. I will not allow this bridge to open until the United States is fully compensated for everything we have given them, and also, importantly, Canada treats the United States with the Fairness and Respect that we deserve. We will start negotiations, IMMEDIATELY. With all that we have given them, we should own, perhaps, at least one half of this asset. The revenues generated because of the U.S. Market will be astronomical. Thank you for your attention to this matter!” ~PRESIDENT DONALD J. TRUMP
The USMCA renegotiation plan likely plays a big part in this announcement. Don’t react, just watch.
Treasury Secretary Scott Bessent appears on Fox News to discuss the current state of the U.S. economy as contrast against current growth plans and economic policy. As noted by Bessent, the future of the Main Street economy generally lags behind the forecast of the Wall Street economy. All of the domestic investment is currently building out the capacities of the underlying economy to expand.
Additionally, Bessent notes the importance of the cumulative effect of strategic energy policy, the assembly of a critical mineral reserve and the mounting growth in the industrial manufacturing center. MAGAnomics is creating expanded domestic growth by reshoring many of the industrial jobs due to tariff policy. Overall, the interview gives a big picture perspective on the short- and long-term economic program. WATCH:
In what has become an annual tradition, here’s the full Superbowl Day interview with NBC News’ Tom Llamas and President Donald Trump.
President Trump addresses the ongoing immigration enforcement, the state of the American economy, U.S. tensions with Iran and other topics from the oval office in the White House. The interview was conducted on Wednesday, February 4 and broadcast today. The interview is an hour long. ENJOY:
Europe is not happy with President Trump’s demand that drug manufacturers provide U.S. consumers with equitable pricing.
If President Trump will no longer permit Americans to pay the research production costs for pharmaceutical companies through high prices, essentially subsiding pharmaceutical costs for the world, then Rx companies will have to increase their prices throughout Europe. This is making the Europeans very unhappy.
(Bloomberg Businessweek) — For the past few years, Swiss oncologist Christoph Renner has treated blood cancer patients with Lunsumio, a new drug that helps the immune system recognize and destroy malignant cells. Then, last summer, Renner got an email from Roche Holding AG, Lunsumio’s manufacturer, informing him the treatment would no longer be available in Switzerland because health insurers there wouldn’t pay for the infusions. “You see what’s possible,” says Renner, a professor at the University of Basel, “and then you’re told you can’t use it.”
The move was a response to rules President Donald Trump introduced that force drugmakers to reduce their prices in the US to the lowest level paid in other developed countries. In Switzerland, new medications typically cost far less than in the US, so in theory Americans should benefit from the change. The problem is, instead of bringing prices down in the US, pharmaceutical companies are raising them elsewhere.
