19 hours ago
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On this "Face the Nation with Margaret Brennan" broadcast, moderated by Margaret Brennan:
- Sen. Mark Warner, Democrat of Virginia
- CBS News contributors Chris Krebs and David Becker
- New York Gov. Kathy Hochul, a Democrat
- Border czar Tom Homan
- Bank of America CEO Brian Moynihan
Click here to browse afloat transcripts from 2026 of "Face the Nation with Margaret Brennan."
MARGARET BRENNAN: I'm Margaret Brennan successful Washington.
And this week connected Face the Nation: Two American troops are dormant and 1 missing aft an Iranian rocket hit. The U.S. subject has launched retaliatory strikes. Eight consecutive nights of American bombing marks a instrumentality to U.S. combat successful the Mideast. We volition person the latest with Senate Intelligence Committee Vice Chair Mark Warner.
The speech of occurrence comes amid a turbulent week astatine home, with the president facing questions connected everything from migration enforcement to tariff threats against Canada. Yet, successful a fiery prime-time code past week, helium chose to absorption connected predetermination information and his 2020 loss.
(Begin VT)
DONALD TRUMP (President of the United States): I'm announcing the contiguous declassification and merchandise of captious quality revealing shocking vulnerabilities successful our predetermination infrastructure.
(End VT)
MARGARET BRENNAN: A determination immoderate members of his ain enactment are present questioning.
(Begin VT)
SENATOR JOHN CORNYN (R-Texas): I don't recognize talking astir what happened six years agone successful airy of these upcoming elections.
(End VT)
MARGARET BRENNAN: We volition analyse the president's claims with CBS News predetermination instrumentality contributor David Becker and erstwhile cybersecurity main Chris Krebs, who was fired by Trump for asserting that the 2020 elections were secure.
Plus, New York Governor Kathy Hochul connected her state's caller information halfway moratorium, and White House borderline czar Tom Homan connected increasing scrutiny of ICE operations.
And, finally: Is ostentation cooling? We volition inquire Bank of America CEO Brian Moynihan whether Americans tin expect alleviation connected affordability.
It is each conscionable up connected Face the Nation.
Good morning, and invited backmost to Face the Nation.
America is backmost astatine war. There were caller exchanges of occurrence this morning, with Iran launching missiles astatine U.S. partners successful Jordan, with Israel informing that could spill into their territory and widen the conflict. Overnight, the U.S. targeted Iranian drone and rocket sites aft Iran's Revolutionary Guard killed 2 American work members and injured others. One work subordinate is inactive missing from that attack. ' These are the archetypal deaths of U.S. troops since the warring resumed 2 weeks ago. To date, 16 American troops person died successful this struggle with Iran.
For much now, we statesman with the vice president of the Senate Intelligence Committee, Democrat Mark Warner of Virginia.
Senator, bully greeting to you.
SENATOR MARK WARNER (D-Virginia): Good morning.
MARGARET BRENNAN: You are portion of the precise tiny radical of radical connected Capitol Hill who are expected to person delicate accusation shared with them.
Since this was the 2nd deed successful astir 2 days connected a basal wherever Americans are, successful Jordan, bash you person immoderate penetration into wherefore they were capable to penetrate those American defenses?
SENATOR MARK WARNER: First of all, condolences to the work members' families.
And it's singular successful galore ways that we've not had much casualties. We virtually person hundreds of earnestly wounded, but I deliberation we're astatine 16 fatalities.
I would argue, Margaret, this is what happens erstwhile you commencement a warfare of choice. And arsenic a subordinate of the Gang of Eight, I tin accidental unequivocally determination was nary imminent menace from Iran. You commencement a warfare of prime without a plan.
And, precise briefly, if you spell done what the medication yet said their goals were, authorities change, well, the guys successful complaint present are worse than the anterior crowd. Getting the enriched uranium…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … nary advancement connected that. It'll instrumentality 15,000 troops connected the ground. Nobody wants to bash that.
MARGARET BRENNAN: Fifteen thousand?
SENATOR MARK WARNER: Fifteen 1000 been the minimum presumption you'd request to spell into these bunkers, instrumentality retired this enriched uranium successful canisters. Would beryllium precise difficult. The Iranians would beryllium shooting astatine them. Nobody has been moving connected that.
We said we were going to degrade their quality to usage missiles and drones. Obviously, we've not been successful. On that point, it gets maine peculiarly crazy, due to the fact that we're utilizing missiles that outgo $2.5 cardinal to sprout down Iranian drones that outgo $50,000.
And the state that has figured retired however to bash this cheaply, efficiently is Ukraine. They tin instrumentality retired Iranian drones with $5,000 drones, and we turned down their connection of their technology. And then, finally, the Strait of Hormuz, you know, state is present backmost up to 4 bucks.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: That's $1.20 much than it was, astatine slightest successful Virginia, erstwhile the warfare started, and determination is nary program connected however we support the strait open.
MARGARET BRENNAN: Well, the president said helium mightiness look astatine that drone deal. You're right. It hasn't been followed done connected yet.
But conscionable to enactment a good constituent connected it, backmost successful May, the U.S. sanctioned Chinese entities for helping Iran's subject unafraid weapons and outer imagery. Does this nonstop deed awesome to you they are getting targeting assistance from our adversaries?
SENATOR MARK WARNER: I person not been briefed connected whether they're getting targeting help.
MARGARET BRENNAN: OK.
SENATOR MARK WARNER: I bash cognize that these bases person been connected and disconnected nether onslaught since the beginning…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … 5 months agone of, again, this warfare of choice.
MARGARET BRENNAN: OK.
I privation to determination to different topic, and that is, the manager of nationalist intelligence, Jay Clayton, who is presently the U.S. lawyer for the Southern District of New York, seemed unaware nether questioning this week that Tulsi Gabbard had been searching an predetermination halfway down successful Georgia, the authorities of Georgia, thing that she does not person the ineligible mandate to do.
The president has besides tasked Bill Pulte, the acting DNI, to excavation up accusation connected 2020. You pressed Jay Clayton connected who won the 2020 election, and helium said Joe Biden was certified arsenic president. Is that capable for you? Do you mean to ballot him retired of committee? How rapidly volition this happen?
SENATOR MARK WARNER: I person known Jay for a agelong time. I similar Jay. I worked good with him erstwhile helium was astatine the SEC.
But I was bitterly disappointed by his show successful beforehand of my committee, not conscionable from my questions, but from galore of my colleagues, oregon him adjacent benignant of acting similar helium didn't recognize what Gabbard had done successful Fulton County.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: So, I volition beryllium voting against Jay Clayton.
MARGARET BRENNAN: So helium won't beforehand retired of committee?
SENATOR MARK WARNER: He volition beforehand out.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: As agelong arsenic each the Republicans ballot for him, helium volition beforehand out.
And we're a small stone a hard spot here. I anticipation – I cognize Jay Clayton volition astir apt get confirmed. I anticipation we spot the Jay Clayton that I cognize and person worked with. The 1 happening I besides cognize is the implicit catastrophe we person close present with the acting DNI, Bill Pulte, who has nary quality experience, who has thing but loyalty to Trump, and, frankly, a past history, erstwhile helium was caput of the Fannie and Freddie, of taking backstage owe accusation and politically weaponizing that.
That is not the benignant of idiosyncratic we privation successful arsenic DNI.
MARGARET BRENNAN: So – so, you privation a speedy replacement, but you're not going to ballot for his replacement, though you deliberation – you deliberation he's got the Republican votes to really get the occupation soon?
SENATOR MARK WARNER: I think, yes. I anticipation so.
MARGARET BRENNAN: You anticipation so.
The president, arsenic you know, declassified quality this past week. He argues there's vulnerabilities successful infrastructure. It has been nationalist for years that the quality assemblage assessed China tried to power the U.S. election, fundamentally alteration what radical think, not needfully hack their ballots, truthful to speak. Listen to what helium said here, though.
(Begin VT)
DONALD TRUMP (President of the United States): This grounds shows that the predetermination strategy we person dangerously exposes – and truly exposes similar levels ne'er thought possible, to hacking, exploitation and overseas interference.
(End VT)
MARGARET BRENNAN: Has your committee been fixed grounds to backmost up those claims that suggest a nonstop quality to interfere?
SENATOR MARK WARNER: No, perfectly not.
And, substance of fact, present is the – determination are truthful galore absurdities and falsehoods successful Trump's Thursday nighttime speech, and I'm gladsome that astir media treated it not arsenic superior news. And I cognize immoderate folks astatine your web – the journalists, I person immense respect for. I was disappointed that your elder absorption made the determination to screen it arsenic news.
There's truthful galore falsehoods. Where bash you begin? You know, the lone predetermination that Trump is acrophobic astir is 2020. That was the predetermination that his medication was successful complaint of.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: Matter of fact, the manager of nationalist intelligence, Mr. Ratcliffe, was DNI then. He's CIA manager now.
MARGARET BRENNAN: Right.
SENATOR MARK WARNER: If determination was mistakes made, wherefore is helium CIA director?
You know, helium goes done this absorption connected China, erstwhile helium forgets oregon conscionable omits the biggest state that tries to power connected each predetermination is Russia. We've documented that clip and again.
And the implicit decision of the quality community, 18 antithetic agencies, said, yes, folks tried to influence, didn't mean they changed immoderate vote, and they definite didn't interfere successful the machinery.
Now, erstwhile helium talks astir getting each these elector files…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … you tin bargain those. They're commercially available.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: What we should beryllium much acrophobic astir is the information that China hacked into the OPM, which gives the inheritance connected each national employees…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … oregon erstwhile they hacked into immoderate of our security companies and they got idiosyncratic accusation connected – connected each of us.
But the thought that they and I would stake you a twelve different countries person bought up elector files oregon knows successful authorities you don't tally successful a authorities similar excavation – you know, I person to bargain the elector record to fig retired who to interaction arsenic my voters.
MARGARET BRENNAN: Right, no, and immoderate of my colleagues present person obtained them. You – went connected Web sites and showed you tin bash that publicly.
I'm wondering, though, since the Trump medication has been successful bureau for truthful agelong now, person they released to the Intelligence Committee their investigation of the 2024 predetermination that President Trump won? What grade of overseas power oregon interference was there?
SENATOR MARK WARNER: We person not had it released. The…
MARGARET BRENNAN: Why?
SENATOR MARK WARNER: I person not the foggiest idea.
MARGARET BRENNAN: OK.
SENATOR MARK WARNER: Because, literally, the 2020 election, which was truthful overmuch hubbub about, it was – the president was briefed connected January 7, 2025, truthful you know, virtually – actually, that was aft the – January 2021.
MARGARET BRENNAN: January 2021,
SENATOR MARK WARNER: There's nary explanation.
And if Donald Trump is abruptly funny successful predetermination security, wherefore is helium taking the Cybersecurity Agency, which did connected a voluntary ground – Chris Krebs did a large occupation connected that years earlier arsenic a Trump appointee.
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: And they've fundamentally wholly downsized it.
Why person they taken the voluntary programs similar ERIC, where, you know, if you determination from 1 authorities to another, making definite that dormant radical don't ballot oregon radical who person – person – effort to ballot successful 2 states. They've dismantled that.
The Election Assistance Commission, not precise good known, but this is the radical that works with idiosyncratic registrars successful states…
MARGARET BRENNAN: Yes.
SENATOR MARK WARNER: … making definite their voting machines are safe. They – Trump precocious fired the Democrats and made the Republican quit. Why is helium doing each these things?
I judge it's due to the fact that Donald Trump intends to interfere successful this year's elections. He knows, if determination is simply a escaped and just election, his policies volition beryllium rejected astatine grounds levels.
MARGARET BRENNAN: What bash you mean interfere? What bash you mean interfere?
SENATOR MARK WARNER: Whether that takes – I deliberation that what we conscionable saw was, this was the opening shot, the opening changeable of trying to undermine Americans' assurance that their ballot volition beryllium really counted and mean something.
MARGARET BRENNAN: OK.
SENATOR MARK WARNER: I fearfulness arsenic good that if helium tries to propulsion thing that could perchance – he's not ruled retired bringing ICE to the polls. He's not adjacent ruled retired the thought of trying to barroom definite voting machines.
MARGARET BRENNAN: Well, we're going to speech astir what is U.S. instrumentality successful presumption of beingness and however those predetermination facilities are going to beryllium tally with our 2 experts next.
Senator Warner, convey you for your time.
SENATOR MARK WARNER: Thank you.
MARGARET BRENNAN: We'll beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: And for much connected predetermination security, we're joined present by CBS News contributors David Becker and Chris Krebs.
Good to person you some here, due to the fact that I privation to download from some of you what we should beryllium knowing astir this past week.
Chris, the president of the United States, Donald Trump, appointed you to tally the Cybersecurity and Infrastructure Security Agency – that's CISA that Senator Warner was conscionable talking astir – to assistance states support their predetermination infrastructure during 2020. That was a unafraid election, you said.The president fired you for saying that.
This past Thursday, helium again insisted it was not secure. Did you read, did you perceive thing that changes your assessment?
CHRIS KREBS: Not – not astatine all.
In fact, I would accidental that it further bolsters my assurance successful the information of the 2020 election, betwixt what has been released, disclosed past week, and each the accusation and the results of tribunal challenges and different things successful the intervening six years, six years.
But it's also, I think, a bully accidental to bespeak connected the bully enactment that the millions of – hundreds of thousands, if not cardinal oregon more, predetermination workers that helped execute the 2020 election, the tens of thousands of national authorities employees that worked to support the 2020 election.
That was not thing that came unneurotic a mates weeks earlier 2020. That was years successful the making, and that enactment was solid.
MARGARET BRENNAN: Secretary Mullin said Friday he'll person a program wrong 30 days. We are 100 days retired from the midterms.
CHRIS KREBS: Yes.
And – and, successful 2020 we had our CISA predetermination information program retired successful February of 2020. So…
MARGARET BRENNAN: So, conscionable to – earlier we determination connected to the existent day, conscionable to enactment a good constituent connected this for you, Chris, truthful during his archetypal fewer months successful office, the president issued enforcement bid against you, saying you promoted the censorship of predetermination information, and helium claimed you dismissed predetermination malfeasance and superior vulnerabilities with voting machines.
In intel-speak, what you saw – interference would beryllium hacking, changing, immoderate of the connection the president utilized successful those on-camera remarks. What you saw, however would you picture the Chinese relation successful the 2020 election?
CHRIS KREBS: Well, I deliberation determination was an honorable statement and treatment crossed the quality assemblage astir what China's intent were.
But, ultimately, erstwhile it came retired successful the quality assemblage appraisal that was released successful the outpouring of 2021, it was that China had a preference, and that they were not successful favour of President Trump, but their efforts were principally constricted to influencing the American public, seeking to wage journalists, media. But it was an power effort.
MARGARET BRENNAN: I wouldn't…
(CROSSTALK)
MARGARET BRENNAN: … journalists, if you're getting paid to archer a story. That's my own…
(CROSSTALK)
CHRIS KREBS: That – that's fair.
But it was – it was an power operation, and they person been doing that worldly since the mid aughts, the mid 2 – aboriginal 2000s.
MARGARET BRENNAN: Yes.
CHRIS KREBS: This is not nett new. They did crook up the heat, and they are inactive doing it today.
We person a important and superior counterintelligence and counterespionage occupation with China.
MARGARET BRENNAN: Yes.
CHRIS KREBS: And that's what I truly privation to spot america talking about. What are they doing today? We person to enactment much accent connected that.
MARGARET BRENNAN: OK, present is precisely what President Trump said connected Thursday astir China.
(Begin VT)
DONALD TRUMP (President of the United States): They did not disclose to maine arsenic president oregon to anyone else. And, to the champion of our knowledge, they did not pass Congress. In fact, each they kept saying is, this is the astir unafraid predetermination successful the past of our country, a standard, precise pat enactment that was divvied retired to say.
(End VT)
MARGARET BRENNAN: Was the president informed of what China was doing? You were successful those rooms.
CHRIS KREBS: In January of 2020, determination was a National Intelligence Committee – assemblage memorandum astir the 2020 predetermination that talked astir the vulnerabilities we saw connected systems and the enactment we needed to bash there, but it besides talked astir the intent of adversaries.
MARGARET BRENNAN: Yes.
CHRIS KREBS: And determination were countless memos aft that.
So, you know, a batch of these products were successful elder enforcement and policymakers' binders, their quality binders each azygous day. We utilized those to get retired determination and speech to the American people. I had an op-ed successful September of 2020 to the wide nationalist that talked astir assorted menace actors, including China.
So, I person a hard clip believing that it didn't get up into the Oval.
MARGARET BRENNAN: OK. As China was described arsenic attempting to influence, it was Iran and Russia superior actors straight undermining the predetermination successful immoderate of those 2020 statements. It sounds similar you're saying helium didn't work the memo.
CHRIS KREBS: Look, we could not person been much clear, is my view.
MARGARET BRENNAN: OK.
DAVID BECKER: Or hunt the Web.
MARGARET BRENNAN: Or hunt the Web.
DAVID BECKER: Right.
MARGARET BRENNAN: We did study connected it connected this network, I know, I remember.
David, I privation to spell to you, due to the fact that the president said a batch of things. One of the different elements this week was what the Justice Department enactment forward. Harmeet Dhillon determination sent a missive to states saying: "Any predetermination authoritative who knowingly retains noncitizens connected elector registration lists oregon facilitates noncitizens successful casting ballots volition beryllium held criminally liable."
And past DHS Secretary Mullin described present the effect of refusing to enactment successful their program. Take a listen.
(Begin VT)
MARKWAYNE MULLIN (U.S. Homeland Security Secretary): If the predetermination officials, erstwhile we gave them the accusation they request to unafraid their elections, and they chose not to, past those individuals tin besides beryllium held accountable by fines, by penalties and even, depending connected however acold it goes, situation time.
(End VT)
MARGARET BRENNAN: You talk to predetermination officials. Are they concerned? That sounds similar a threat.
DAVID BECKER: Hardly a week goes by wherever idiosyncratic successful this medication doesn't endanger predetermination officials with arrests. This – this week, we had astatine slightest 2 salient medication officials doing that. It's go astir a moving joke.
They've been into this medication 18 months now. The full fig of predetermination officials who've been arrested for wrongdoing is zero, and that's appropriate, due to the fact that not lone person they committed nary crime. They've really acted heroically and patriotically to enactment and facilitate our ideology done a pandemic and aft – successful the aftermath with disinformation.
What Secretary Mullin is talking astir there, he's trying to unit states to surrender delicate elector information to the national government. And the DOJ has filed implicit 30 lawsuits astir that, and they are 0-16 successful those lawsuits truthful far. He's threatening them with apprehension for pursuing the law.
And truthful I deliberation the predetermination officials successful the states consciousness precise assured that they are pursuing their authorities laws, they're pursuing national laws. They're doing everything they tin to marque definite this predetermination is going to beryllium safe, convenient, and secure.
MARGARET BRENNAN: We are 107 oregon truthful days retired from November 3.
What Secretary Mullin talked astir arsenic good is, helium said there's going to beryllium a nationalist program successful 30 days. Stay tuned. But helium wants them to usage the Systematic Alien Verification for Entitlements, the SAVE program, to surface for the citizenship of voters.
How does – however does that work? For radical astatine location who whitethorn say, sure, there's a instrumentality that says noncitizens cannot ballot successful national elections, they say, well, what's the occupation with showing an I.D.?
DAVID BECKER: So, the SAVE strategy is simply a national strategy that takes information from national sources. It's presently successful ineligible limbo due to the fact that determination are immoderate challenges implicit whether it's ineligible oregon not.
And from the constricted national information that it has, it tin past lucifer it successful immoderate cases to information that states whitethorn take to stock with it. The occupation is that DHS admits that information is incomplete. They don't person each of the data, truthful a batch of the individuals that they mightiness emblem are really citizens. They conscionable don't person the documentation successful the national database to backmost that up.
The states really person acold amended data. The states are doing a truly bully occupation with this. And the crushed they person amended information is because, erstwhile you spell into a centrifugal vehicles bureau and you get a license, peculiarly a REAL ID, you person to amusement impervious of ineligible presence.
And that data, what you've shown, what you've documentarily shown to a authorities official, is kept successful that database. And truthful you spot predetermination officials successful states similar Georgia, which is, you know, tally by Republicans, and states similar Michigan, which are tally by Democrats, and each crossed the state capable to bash a amended occupation of confirming that determination are noncitizens connected their elector lists than the national authorities could ever do.
And they've been successful bureau for 18 months, and present they're talking astir coming up with a program successful 30 days.
MARGARET BRENNAN: Right.
DAVID BECKER: And, successful that 18 months, they've lone charged 39 radical passim the full state with voting arsenic noncitizens.
MARGARET BRENNAN: Chris, we were checking for what predetermination officials were saying aft Thursday's revelations.
Republican officials successful West Virginia and successful Utah accidental they person nary outreach from the White House astir nonstop predetermination threats. They said, you got them, bring them. Utah said they really privation the predetermination information resources to beryllium restored and to person the national authorities halt filing "frivolous" – again, this is simply a punctuation – "lawsuits that devour our precious clip and payer resources."
There are what, 1,000 radical who were chopped from the bureau you utilized to run. What should beryllium happening to marque definite that these officials person what they need? Because they said they bash privation immoderate national help.
CHRIS KREBS: Well, archetypal off, precisely what Secretary (sic) Warner successful West Virginia highlighted.
If determination is quality that needs to beryllium shared with the states, get it to them. And, typically, you stock the quality with the affected parties anterior to making a nationalist announcement. So, if determination was thing nett caller successful the Thursday nighttime code that needed to get retired to predetermination officials, that should person gone retired Wednesday oregon Thursday morning.
And, arsenic of Friday, it had not, you know, trickled down to West Virginia. In 2020, we conducted 33 classified briefings with predetermination officials, 2020, 33. As acold arsenic I tin tell, determination person been nary classified briefings with predetermination officials since the opening of this administration.
So, fig one, we request to commencement the concern and engagement with predetermination officials, get them the quality they need. We request to recapitalize CISA, rehire CISA, basal up the Election Security Initiative. We request FBI task forces. We request the DNI ngo centers each astir predetermination security.
And we request to springiness them the backing and the resources they request to modernize their information systems…
MARGARET BRENNAN: Yes.
CHRIS KREBS: … and get the radical determination that behaviour these safe, convenient, unafraid elections.
MARGARET BRENNAN: And, David, what are you proceeding from the officials you talk with? It is the states that administer the elections, but what benignant of national assistance bash they adjacent want?
DAVID BECKER: Well, retrieve – and Chris alluded to this – successful the archetypal fewer months of this administration, they dismantled each of the enactment that the archetypal Trump medication nether the enactment of Chris had built and the Biden medication continued.
It took a agelong clip to physique spot and credibility and expertise, truthful that states would invited national assistance. That's not their mean status. And they built that up admirably. And then, starting successful February of 2025, astir connected time one, they dismantled each of it.
And truthful each of those things that – that Chris was talking astir that are truthful indispensable to propulsion backmost connected overseas power campaigns, they're gone. On the agleam broadside – and this is simply a beauteous constricted agleam broadside – the – that happened aboriginal successful the administration.
MARGARET BRENNAN: Yes.
DAVID BECKER: So the states person been capable to hole for that. They person been trying – moving and networking amongst themselves to capable that gap.
MARGARET BRENNAN: Yes.
DAVID BECKER: And astatine the extremity of the day, they person insubstantial ballots.
MARGARET BRENNAN: Yes.
DAVID BECKER: They audit those insubstantial ballots to marque definite that they're counted properly. They've hardened their systems…
MARGARET BRENNAN: Yes.
DAVID BECKER: … their elector registration databases. It's going to beryllium a unafraid election.
MARGARET BRENNAN: Thank you, gentlemen, some of you.
We'll beryllium close back. Stay with us.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We volition beryllium close backmost with a batch much Face the Nation. Stay with us.
(ANNOUNCEMENTS)
MARGARET BRENNAN: Welcome backmost to "FACE THE NATION."
We spell present to the politician of New York, Kathy Hochul.
Good greeting to you, Governor.
GOVERNOR KATHY HOCHUL (D-NY): Good morning.
MARGARET BRENNAN: You've got a large day. World Cup finals successful adjacent New Jersey. I cognize you'll beryllium attending those. So volition beryllium the president of the United States, the president of Mexico, the Canadian premier minister. Given the menace environment, are you competent successful the information measures?
GOVERNOR KATHY HOCHUL: Absolutely. We've worked truthful intimately with our federal, state, and section partners successful instrumentality enforcement. We person been preparing for this for virtually implicit a year. Over a 1000 exercises, table-toping each the scenarios.
So, we're with the best, and peculiarly with NYPD, the world's top constabulary force, I consciousness precise assured successful our security. And we're truthful blessed to invited the eyes of the world. The full satellite is going to beryllium watching what is happening close present successful the New York City area. So, it's exciting. A precise breathtaking clip for us.
MARGARET BRENNAN: Truly billions watching. And we volition be, too.
Governor, I privation to inquire you astir a determination that you made this past week that made precise large headlines. You signed an enforcement bid to prohibition large- standard information centers for a year. These are those large buildings that assistance to powerfulness artificial quality exertion centers. It was conscionable a fewer months agone you said information centers were a section determination for municipalities. What changed for you?
GOVERNOR KATHY HOCHUL: I would accidental what changed was talking to the localities and realizing they don't person the negotiating quality to – oregon person the clout to beryllium capable to request that their communities payment from this successful a much melodramatic way. They besides don't person the quality to importune that these companies bring their ain powerfulness oregon wage much for the grid. They don't person an quality to accidental nary to taxation breaks. And so, I decided that I could bash overmuch more, particularly successful this fundamentally flooding the portion is what's happening now.
We person implicit 30 applicants. So, successful a precise abbreviated time, I changed my presumption to say, you cognize what, the authorities has to pb here. But it's not astir being the first, it's astir being the archetypal to get it right. And we volition get it close implicit the people of this twelvemonth and assistance those localities negociate the close way, marque definite – keeping way of however overmuch h2o is being consumed, doing a survey of that during this year, but besides insisting that these companies – and they're invited with the conditions and rules that we acceptable distant – that they besides lend to the larger grid due to the fact that this is simply a immense taxation connected our grid and I privation to marque definite that the powerfulness is there, constricted power, is determination for the ample companies that are creating jobs, similar the Micron that we recruited present with 50,000 jobs.
So, we'll get the close balance. But I'll archer you this, radical privation protection. New Yorkers privation protection. There's a batch of anxiety. Companies privation certainty. We'll springiness them both.
MARGARET BRENNAN: Well, governors from reddish states, similar Missouri, Montana, Wyoming, they signed this White House complaint payer extortion pledge, which I conjecture has A.I. information centers motion connected to promising not to summation user prices similar companies A.I. – OpenAI and Amazon accidental they'll assistance screen the outgo of infrastructure upgrades. Have you talked to companies, these companies, astir doing the aforesaid successful New York? Why isn't a White House pledge similar that sufficient?
GOVERNOR KATHY HOCHUL: Asking these companies to support their connection connected however overmuch they're going to consume, I'm much realistic than that (ph) perhaps. I'm consenting to say, I volition get it close successful New York. We'll enactment with the companies. But besides – and we're unfastened to A.I. Absolutely. This is simply a spot for – innovation is invited and celebrated. But my presumption is, if you're going to win successful New York due to the fact that of our endowment and our resources and our people, I privation to marque definite that New Yorkers win arsenic well. So, it's not a one-way street. I don't privation the companies coming successful and telling america however to bash things successful our state.
MARGARET BRENNAN: Yes.
GOVERNOR KATHY HOCHUL: But determination could beryllium – they could beryllium welcomed erstwhile I laic retired the rules of the warfare – satellite – the road, which they volition embrace. I mean erstwhile they cognize however to play the game, however to bash things successful New York, they'll privation to come. But I request immoderate breathing country truthful whitethorn agencies, I've got 7 agencies dedicated to antithetic elements of this, the economical improvement benefits for communities, however we negociate however overmuch they're going to beryllium consuming successful water.
MARGARET BRENNAN: Yes.
GOVERNOR KATHY HOCHUL: How we marque definite that – I mean conscionable to say, marque definite the complaint payers don't wage more. How bash you enforce that? I'm much realistic. I privation to get things done and marque it truly beryllium effective.
MARGARET BRENNAN: It sounds similar you privation grounds to assistance get you to yes. But successful the meantime, you are proceeding concerns from unions, for example, that this is going to crook distant jobs and that it volition nonstop a awesome that New York is not a spot for companies to put agelong term. How bash you code that?
GOVERNOR KATHY HOCHUL: That's not the close decision from what I've done. We've been precise clear. And arsenic idiosyncratic who's created much national jobs successful this authorities than anybody successful history, the largest backstage assemblage improvement successful American past is going connected close present with this Micron. That is 20 years of national jobs gathering this. We besides person tens of thousands of national jobs implicit years successful gathering the Gateway Tunnel, which was stymied, stuck, not happening until I unstuck it.
So, I've got much jobs for national members. They don't person to interest astir my committedness to their jobs. But wouldn't they beryllium alternatively gathering jobs that there's jobs that stay aft the operation play is over, that the task has built, that we really person people, their neighbors, communities, radical really moving successful those buildings with long-term, good-paying jobs and not conscionable focused connected construction, which is precise important.
So, I'm asking everybody to say, instrumentality a breath, this is not the extremity of the world. We'll get done this. And New York ever leads successful a astute way. And that's what I'm truly arrogant of, of what we're doing here.
MARGARET BRENNAN: I privation to inquire you astir predetermination security. We're astir 100 days retired from predetermination day. States administer the elections successful this country, not the national government. Are you getting the benignant of predetermination information resources your authorities has gotten successful the past fewer years? Do you person what you need?
GOVERNOR KATHY HOCHUL: No, the national authorities has fundamentally been dismantling each the protections that we've travel to trust connected to support this halfway essence of our democracy. The cognition that erstwhile you formed that vote, that citizen's right, that work to find who our leaders are, that it is uncompromised. It is not being challenged by the national authorities conscionable due to the fact that they're truthful disquieted astir the upcoming results. That is precisely what is happening. I privation everyone to absorption connected it.
Yes, we passed the John Rights Voting Act. We person (ph) the toughest protections successful the country. And conscionable recently, I signed a law, many, galore protections against what ICE is doing, to say, ICE agents cannot amusement up astatine polling places.
MARGARET BRENNAN: Right.
GOVERNOR KATHY HOCHUL: Can you spot this scenario? Black and brownish communities crossed our state and successful New York, wherever they're, each of a abrupt connected Election Day, to make that fearfulness origin and intimidation origin that they're truthful bully at. I bash not privation to spot that compromise the validity of our elections. So, what Donald Trump is doing close present is throwing retired the biggest reddish herring you'd ever spot and questioning the existent results that are happening.
So, we're moving hard connected this here. I'll marque definite that we are protected. But I can't number connected the national authorities connected thing this signifier (ph) due to the fact that they're compromised.
MARGARET BRENNAN: Under national law, equipped agents are not expected to beryllium astatine predetermination centers. The lawyer wide nominee, Todd Blanche, said he'd travel the law. But it sounds similar you are inactive acrophobic that that mightiness happen. Have you –
GOVERNOR KATHY HOCHUL: They don't travel the instrumentality precise overmuch astatine all, Margaret. They don't travel the instrumentality overmuch astatine all. So, again, trust, but verify. I'm going to verify and guarantee that New York authorities is doing it right. I don't spot that they're going to accidental this.
MARGARET BRENNAN: Yes.
GOVERNOR KATHY HOCHUL: Because what happens is, they accidental the time after, like, oh, well, we didn't mean to bash it. Oh, atrocious astir that. You know, these are radical that spell astir sidesplitting individuals successful our streets. So, I - - they person nary credibility with maine erstwhile they accidental anything.
MARGARET BRENNAN: We volition talk to the White House astir that taxable shortly.
Thank you precise much, Governor.
We'll beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We crook present to the economy. On Thursday, we spoke with Bank of America's CEO, Brian Moynihan, and asked him for an update.
(BEGIN VT)
BRIAN MOYNIHAN (Bank of America CEO): Well, affordability is simply a situation – a talked astir situation that we spot successful our lawsuit base. But arsenic you look astatine what's truly going on, we spot a mates things. One is, the consumers astatine – our 70 cardinal consumers, who walk astir $400 cardinal positive a month, are spending astir 5 oregon – six percent much wealth this period of June of '26 versus '25 and likewise successful the archetypal portion of July here. So, they're spending money.
And, you know, portion the consumer's bespeak connected higher state prices are higher, nutrient prices, and ostentation and things similar that, and are disquieted astir it. What you spot is, particularly the mediate 3rd of households and the apical 3rd of households by income, their spending is increasing faster. What's been interesting, frankly, successful the much caller past, successful the past mates months, we're seeing the wage maturation of each income cohorts benignant of coalesce unneurotic astir 3 to 4 percent, which is good.
MARGARET BRENNAN: So, they're holding successful there, adjacent though we're seeing state prices person raised the costs by drivers by 31 percent since this warfare with Iran began. I cognize substance inventories stay low. How are you reasoning astir however this geopolitical uncertainty factors successful to planning?
BRIAN MOYNIHAN: So, the terms of lipid and state affects not lone the state astatine the pump, which is what you're archetypal reflecting on, and that is up. It really started coming down and arsenic the lipid prices rise, it mightiness emergence backmost up. But it basically, erstwhile we were moving astir $100 a tube of (INAUDIBLE) oil, you were moving astir a $4 and alteration state price. It had really travel down signifier the period of May to June due to the fact that that's erstwhile the lipid started flowing more.
But I deliberation if you speech to businesses, it's different. What consumers spot is simply a concerning quality that is retired there. But erstwhile businesses spot it, they interest astir the outgo of goods that's coming done the pipeline. So, the goods that are being manufactured present have, you know, imported that lipid and state to spell into the plastics accumulation oregon the worldly accumulation oregon the – immoderate it was during the clip erstwhile state prices were higher. And that's wherefore our squad has ostentation staying higher each the mode into '27 and '28 and wherefore the Federal Reserve volition probably, you know, our content is volition rise rates, wherever six months agone they thought the Fed would beryllium cutting rates. They're really believing they'll rise rates to combat disconnected this ostentation and it volition instrumentality them a portion to get done it.
MARGARET BRENNAN: So, rise rates. You deliberation the Fed volition enactment arsenic soon arsenic adjacent week to bash that? Or, excuse me, extremity of the period to bash that?
BRIAN MOYNIHAN: I don't deliberation we – no, much towards the extremity of the twelvemonth our squad has them raising rates. And, you know, I deliberation based connected the caller information that came out, they had 3 complaint rises. Whether they clasp that with immoderate of the ostentation numbers. But the world is, it's benignant of the process extremity of this twelvemonth into adjacent year. And it truly volition beryllium a batch connected the way of different terms cohorts, different than conscionable lipid and state astatine the pump. And that's the question of what's going connected successful lodging and nutrient and different places wherever you're seeing immoderate advancement – continued advancement being made. It's drifting down and it's drifting down slower than radical would like. But the world this, this benignant of ostentation takes a agelong clip to compression retired of the system. When you spell backmost to the post-pandemic infusion of cash, and infusion of activity, that conscionable takes a portion to compression out.
MARGARET BRENNAN: When we looked astatine Bank of America's net recently, you had grounds income successful trading gross successful the 4th past. A batch of that, immoderate of it churn, from, you know, vigor terms swings, but immoderate of it, it seems, from the tech roar of these monolithic A.I. companies and the nationalist listings. How bash you deliberation astir that, what looks similar a tech boom?
BRIAN MOYNIHAN: It's perfectly a beardown marketplace for exertion and different IPOs. There's biotech, there's biology, there's drugs going out, getting IPO-ed and things similar that. There's M&A activity.
And so, erstwhile you're talking astir the concern banking enactment of Bank of America was up 70 percent twelvemonth implicit year, thing similar that, and our peers were up similar amounts. And that has a batch to bash – astatine 50 percent, actually. That has a batch to bash with the magnitude of enactment our firm clients are doing. In portion also, comparing to past year, which was a liberation (ph) time quarter.
The bully quality is that our company, the nominal dollars we earned successful the archetypal 4th and the 2nd 4th went up successful concern banking, and that's reflected successful the situation astir us.
MARGARET BRENNAN: Yes. Jamie Dimon said, "it's getting adjacent to arsenic bully arsenic it gets. We conscionable don't cognize however agelong it's going to last."
I conjecture you're successful that aforesaid camp. You don't – you don't cognize however agelong this is going to last.
BRIAN MOYNIHAN: That's ever –
MARGARET BRENNAN: Yes.
BRIAN MOYNIHAN: That's – the pipeline – we measurement what we telephone pipeline. So, I mean, what's the guardant enactment yet – not having yet booked. In different words, the deals successful process.
MARGARET BRENNAN: Yes.
BRIAN MOYNIHAN: And enactment is arsenic beardown arsenic it's ever been.
MARGARET BRENNAN: Well, it's fascinating due to the fact that Wall Street is benefitting from this IPO roar astir A.I., but it is the authorities of New York, wherever you are sitting close now, that has present go the archetypal authorities to barroom the operation of large-scale information centers. There's conscionable truthful overmuch governmental vigor astir this, this thought of not successful my backyard, and the president argues this is each a driving unit for jobs and a bully thing. Do you spot much states pursuing suit?
BRIAN MOYNIHAN: This is simply a classical conflict of onshore use. And everybody's moving done it. And everybody volition enactment it done differently. Whether it's the stories astir New York putting a intermission connected – successful presumption of further improvement portion they effort to fig retired the dynamics of energy pricing, h2o pricing and things similar that. There's different states who are saying, physique – Louisiana has a large installation going in.
So, I deliberation we spot it hail (ph) differently. But it truly comes down to America being America. My community, my municipality hall, my municipality meeting, my mayor, my council, deciding what they privation to do, oregon my governor. And I deliberation that's wherever the colonisation is trying to fig it out. And truthful there's a beauteous bully tug of warfare going on, but I think, you know, the facts ought to get connected a table. The decisions ought to travel what radical privation for their community. And then, frankly, the information halfway builders volition spell to the communities they privation them.
MARGARET BRENNAN: So I cognize you've got a FIFA motion adjacent to you and the FIFA World Cup finals are this weekend. The world's going to beryllium watching. You're a sponsor. Given however precocious summons prices are to these matches, person you been amazed astatine the turnout astatine the tournaments and the spending?
BRIAN MOYNIHAN: Absolutely not. What we've – we – our squad did a probe piece, Margaret, that said that the full magnitude that is economically generated connected FIFA is astir $40 billion. $20 cardinal volition beryllium successful the U.S. And past erstwhile – adjacent erstwhile we look successful the big cities, similar a Kansas City, we tin spot the maturation complaint successful spending faster than different cities. So, it's having this connected the crushed economical impact. And that spending is going into what we telephone bricks and mortars. It's going into bars and restaurants and things similar that, not needfully lone the radical successful the stadium.
And truthful it's an unbelievable improvement I deliberation the United States hadn't seen for a while. It's seeing again. And to enactment it successful context, you know, they're estimating 2 cardinal volition ticker that – the finals connected Sunday, which is conscionable an astonishing amount.
MARGARET BRENNAN: Yes.
BRIAN MOYNIHAN: And that's what the marque strategy for america was, is – we had a large 4th internationally. We person a large planetary business. It's a precise important portion of what we do.
(END VT)
MARGARET BRENNAN: You tin ticker our afloat interrogation connected our YouTube transmission oregon connected facethenation.com.
We'll beryllium close back.
(ANNOUNCEMENTS)
MARGARET BRENNAN: And we're backmost with President Trump's borderline czar, Tom Homan.
Welcome backmost to "FACE THE NATION."
TOM HOMAN (White House Border Czar): Thanks for having me.
MARGARET BRENNAN: Mr. Homan, we saw that 2 immigrants were changeable successful the span of a week. There was that 1 successful Maine that was fatal conscionable days aft different 1 successful Houston. We besides saw that antheral fleeing agents successful Florida, who past was struck and killed by a tractor-trailer.
I cognize you've been trying to support the section retired of the headlines ever since that streak successful Minnesota that was deadly. How bash you respond to those who say, what's happening present looks similar precise small has changed?
TOM HOMAN: Well, you know, archetypal of all, we'll hold and spot what the investigations – however they play out, right. Because, you know, I don't privation to get up of an probe connected who's astatine fault, what precisely happened due to the fact that we each know, erstwhile these investigations happen, there's going to beryllium compartment telephone video, determination whitethorn beryllium metropolis cameras, and, of course, past you got witnesser statements and affidavits from the serviceman and witnesses. So, we've got to fto the investigations play out. So I don't truly privation to remark connected the investigations themselves.
But, you know, I think, you know, Markwayne Mullin, you know, took immoderate enactment successful interest of the information of the agents and however we bash operations and that's wherefore helium did that, you know, that intermission connected enforcement connected conveyance stops.
But, you know, I – my interest is – I've ne'er – I've done this since 1984. My interest is I deliberation a batch of the rhetoric that you spot each day, particularly successful sanctuary cities and astatine these protests that resist. Members of Congress saying ICE isn't a existent instrumentality enforcement agency. I deliberation that – I really deliberation that emboldens immoderate radical to say, I'm not going to comply with ICE. And I deliberation nary substance what radical deliberation of ICE, right, nary substance what you deliberation of migration law, you should ever comply with instrumentality enforcement.
MARGARET BRENNAN: Yes. Yes. But successful the shootings successful some Houston and Maine, the radical who were killed were not the intended targets. Have you caught the radical you were really looking for?
TOM HOMAN: One of them I judge we did. But, you know, that happens successful instrumentality enforcement each the time. I mean we're working, you know, you get leads connected individuals and you say, OK, good this taxable lives astatine this house, helium drives this car. And erstwhile that taxable leaves the house, you know, 6:00 successful the morning, and idiosyncratic gets successful that car from that house, you know, they assume, OK, this guys and they'll bash a conveyance stop. And depending connected erstwhile they marque that halt and that idiosyncratic complies, either they're going to beryllium arrested oregon released. That's the mode it's expected to be.
So, you know, instrumentality enforcement deals with mis individuality each time crossed the country, not conscionable ICE, each instrumentality enforcement agency. I was a cop. I cognize – I cognize that happens.
MARGARET BRENNAN: Yes. But these were fatal shootings, of course, successful Houston and successful Maine. And successful Houston, it was an unmarked car. So, erstwhile you're saying, don't resist, these individuals who were chasing the antheral who died, they didn't person markings connected that conveyance that would let for him to cognize that they were ICE. It conscionable looked similar a car coming aft them successful the videos.
TOM HOMAN: No. They person exigency lights. Officers person insignia. So, erstwhile they get retired of that car and attack the car, you tin intelligibly spot they're instrumentality enforcement officers. They can't – this is – these radical –
MARGARET BRENNAN: Well, successful the video that has been public, it's not a marked car.
TOM HOMAN: These radical – I'm not saying it's a marked car, but they person exigency lights and sirens. So, erstwhile they propulsion idiosyncratic over, they're going to activate their exigency lights. A batch of – a batch of constabulary departments – I'm successful New York City close now. A batch of NYPD officers are driving unmarked vehicles. And that helps them find radical that don't privation to beryllium found, right?
So, you know, but bottommost enactment is, we'll spot erstwhile the probe plays out, but they'd beryllium live contiguous if they simply complied with a conveyance stopped by national instrumentality enforcement. Just comply.
MARGARET BRENNAN: Yes.
TOM HOMAN: You tin – if you don't deliberation you're being treated close and had nary crushed to halt you, past there's avenues to instrumentality them to court. Just sue. Get a lawyer and reason successful court.
MARGARET BRENNAN: Well, the household of the antheral successful Houston said they – helium thought helium was being robbed due to the fact that it was an unmarked vehicle. Not that it was instrumentality enforcement astatine all.
TOM HOMAN: They had exigency lights. They activate exigency lights. Blue lights. You cognize – you know, successful my conveyance I thrust wherever I'm with my information item we person exigency lights.
MARGARET BRENNAN: You've seen that connected video due to the fact that we haven't?
TOM HOMAN: Seen what connected video, ma'am?
MARGARET BRENNAN: That determination were lights. Because successful the videos that we've seen, determination aren't. And due to the fact that determination weren't assemblage cameras, it is hard to substantiate immoderate of what you are saying.
TOM HOMAN: OK. OK. Well, I person not seen the videos.
MARGARET BRENNAN: OK.
TOM HOMAN: But I'm saying, our vehicles are equipped with exigency lights. Now, if they didn't activate the lights, again, I haven't seen that video. If they didn't activate the lights, past there's an contented there, right?
MARGARET BRENNAN: OK.
TOM HOMAN: But I'm saying, they are equipped with lights. So, fto maine conscionable caveat that. They should person been equipped with lights and sirens. So, I bash not cognize specifically if they activated those lights.
MARGARET BRENNAN: OK.
TOM HOMAN: But arsenic acold arsenic the cameras, Margaret, you know, everybody successful ICE would person a camera present if the authorities wasn't unopen down by Democratic members of Congress. There was wealth successful that measure that they held up.
MARGARET BRENNAN: Yes.
TOM HOMAN: I deliberation it was $120 cardinal to equip each ICE officers with cameras. But due to the fact that the authorities unopen down we're down connected that.
MARGARET BRENNAN: But they got $20 cardinal successful April.
TOM HOMAN: But the cameras person been purchased.
MARGARET BRENNAN: Uh-huh.
TOM HOMAN: But it wasn't enough. $20 cardinal whitethorn person bought immoderate cameras, but it doesn't bargain the storage. It doesn't bargain the resources we request for the thousands of FOIA requests we're going to get. There has to beryllium retention capableness to clasp these videos for a agelong time.
MARGARET BRENNAN: Y Es.
TOM HOMAN: So, it didn't money everything. But present we person the backing aft reconciliation. The cameras person been purchased. Right present they're grooming the trainer and deploying the cameras nationwide.
MARGARET BRENNAN: Do you deliberation it was a mistake for the Trump medication to person projected the assemblage cam enlargement astatine the opening of the term? Because I cognize you person advocated for assemblage cameras and present you're playing catch-up, right?
TOM HOMAN: I deliberation assemblage – yes, I deliberation assemblage cameras are the mode to go. I deliberation assemblage cameras fto the American radical cognize what that serviceman sees erstwhile helium takes that action.
MARGARET BRENNAN: When volition everyone get one?
TOM HOMAN: You know, you tin person a compartment telephone camera from a witnesser connected the side, you tin have, you know, metropolis cameras oregon whatever, but I privation the American radical to spot what that serviceman sees erstwhile helium makes – erstwhile helium takes – erstwhile helium makes the determination and takes action.
MARGARET BRENNAN: Yes.
TOM HOMAN: I deliberation the American radical request to spot what that serviceman sees and hears.
MARGARET BRENNAN: Yes.
TOM HOMAN: I deliberation it's important.
MARGARET BRENNAN: Yes.
TOM HOMAN: And if you look astatine the data, assemblage cameras really exonerate agents much than they, you know, supply grounds of wrongdoing.
MARGARET BRENNAN: Yes. And it would surely assistance with reporting and nationalist knowledge.
Let maine inquire you astir thing else. The DHS caput has said they went done nationalist records and identified 250,000 non-citizens successful 4 states, California, Pennsylvania, New Jersey, and Nevada. I cognize those states don't stock their elector rolls, truthful it looks similar they're conscionable pulling this from nationalist information. For those states, are you readying operations earlier November and you bash admit that it would beryllium amerciable to person national agents astatine predetermination locations?
TOM HOMAN: You cognize – you cognize that's a question of DHS. I'm not successful the loop connected that. I'm not acquainted with the accusation that DHS conscionable released.
MARGARET BRENNAN: OK.
TOM HOMAN: I'm not successful the loop connected that. I'm the White House borderline czar. So, they'd beryllium a question for Markwayne Mullin. I'm not successful the loop connected that.
MARGARET BRENNAN: OK. All right.
Mr. Homan, convey you for your clip this morning. We'll permission it there.
TOM HOMAN: Good seeing you, Margaret.
MARGARET BRENNAN: We'll beryllium backmost successful a moment.
(ANNOUNCEMENTS)
MARGARET BRENNAN: That's it for america today. Thank you each for watching. Until adjacent week. For "FACE THE NATION", I'm Margaret Brennan.
(ANNOUNCEMENTS)
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