Peoples champion, and, tonight, he is the peoples nominee [applause] ivanka like many of my fellow millennials, i do not consider myself categorically republican or democrat. More than party affiliation, i vote based on what i believe is right for my family and for my country. Sometimes its a tough choice. That is not the case this time. As the proud daughter of your nominee, i am here to tell you that this is the moment and donald trump is the person to make America Great again. [applause] ivanka real change, the kind we have not seen in decades, is only going to come from outside the system, and its only going to come from a man who has spent his entire life doing what others said could not be done. My father is a fighter. When the primaries got tough, and they were tough, he did what any great leader does. He dug deeper, worked harder, got better, and became stronger. [applause] ivanka i have seen him fight for his family. I have seen him fight for his employees. I have seen him fight for his company. And now i am seeing him fight for our country. [applause] ivanka its been the story of his life and, more recently, the spirit of his campaign. Its also a prelude to reaching the goal that unites us all. When this party and, better still, this country knows what it is like to win again. Mr. Trump friends, delegates, and fellow americans, i humbly and gratefully accept your nomination for the presidency of the United States. [cheers and applause] [audience chanting usa usa ] mr. Trump usa usa [audience chanting usa usa ] mr. Trump who would have believed that when we started this journey on june 16 last year, we, and i say we, because we are a team, would have received almost 14 million votes, the most in the history of the Republican Party and that the Republican Party would get 60 more votes than it received eight years ago . Who would have believed it . Who wouldve believed it . The democrats, on the other hand, received 20 fewer votes than they got four years ago. Not so good, not so good. [applause] mr. Trump together, we will lead our party back to the white house and we will lead our country back to safety, prosperity, and peace. [applause] mr. Trump we will be a country of generosity and warmth, but we will also be a country of law and order. Announcer from our studios in new york city, this is charlie rose. Charlie we are in cleveland for the final day of the Republican National convention. We are taping this program ahead of Donald Trumps highly anticipated address this evening. The speech comes a day after ted cruz refused to endorse the republican nominee, causing further rancor within the party or certainly between donald trump and ted cruz. Ted cruzs speech overshadowed the indiana governor, mike pence, who accepted the Vice President ial nomination. Joining me is tom barrack, he is in the founder and executive chairman of colony capital. He is also a longtime friend of donald trump. It is now 3 00 p. M. In cleveland on thursday. Later, he will mount the podium and make a speech on behalf of his friend. Later this evening, donald trump himself will give the speech that is very important to this convention and to the image that he wants to present to the country. Welcome to this table we have here in cleveland. I want to talk about your speech first. What do you want to say about donald trump . Tom in seven minutes, its a tough job. So, what i thought id do is just give a reflection of the man as the messenger, not the message, the side of him that ive seen over 40 years that people dont know or find it impossible to believe that he could be kind, compassionate, empathetic. Charlie all things youve seen. Tom all things ive seen in those quiet moments when the cameras arent flashing of who he really is as a man. And can you really trust the decisions of a man like that in this position . Charlie how will you make that case . Tom im going to make it through some vignettes. Charlie stories. Tom invisible stories, not the stories of his wealth, not the stories of his power, not the stories of his celebrityship. Of those quiet things of his humanity that ive seen him do that stuck in his mind as footprints over all these years. Charlie when did he tell you he wanted to run for president . Tom the first time, probably 10 years ago. He is an amazing guy. When you think of it, theres a lot of powerful, rich, accomplished businessmen who are never celebrities. He created the donald. When he is talking about himself in third person, the caricature he created. Along that way, the human touch that he had was always endemic. Here, we started to talk about it almost a decade ago. But i always thought it was a negotiating tactic of his celebrityship. And i think the last time, it probably was, in earnest. But i think as he gained selfconfidence and found this aggravation, this social imbalance, this little fuel that we are seeing charlie economic discontent. This year, people are troubled and they are looking to find something new, something beyond the establishment, something beyond the Political Parties they have known. Tom exactly. And the social imbalance for him people misread it. He is not a trustfund guy. His dad was the son of two german immigrants and his mother herself was a scottish immigrant. So, his dad was a selfmade man from queens, pretty tough on donald. So, donalds Natural Alliance actually is with the little guy. So when you look at his peers, he is not a man of wall street, he is not a man of finance, he is not even a man of the real estate peer group. I think that he is charlie he is . Tom he is a disruptor. He is the airbnb to marriott. He is a man of his own that can step into the middle of a fray and take the heat and, through his vision, create a reality. That is unusual. Charlie he wants to be president because he thinks he can make a difference. Tom absolutely. Charlie how much of it is ego . How much of it is tom thats a great question, and i really couldnt answer it. Im sure a lot of it is ego. You test yourself. I mean, what sane person, a businessman of his ilk, would walk through this fire and take all the punishment if there werent a couple of objectives . Im sure ego is one of them, that he thinks hes smart enough, tough enough, capable enough to get there. On the other hand, at end of the day, i think he looks and says, im the beneficiary of an unbelievable system. He is so far over his skis from where in his own mind he thought he would get. Charlie thats interesting. He is so far over his skis in life than he ever thought he would ever be in terms of life, wealth, fame perhaps political power . Tom exactly. Charlie smart man . Tom very. Intrinsically, academically firstclass. He has all of those academic disciplines in his quiver. But, uniquely, instinctively smart. He has one of the best gut feels oneonone for people or sensing a situation. When we talk about the art of the deal, the art of the deal is a little whimsical. Hes incredibly prepared. What people dont know is the detail level that he really charlie there is a central criticism of him, tom, that he has not given detail. He is not on details. He says im the best negotiator. When i negotiate with the chinese, i will create a better deal. Its not about the specifics. He talked today a bit about nato in the New York Times, raised questions as to why they are not paying their fair share. The companies that are members of nato. Thats a valid criticism. President obama has raised that criticism. But what also he said, which scares a lot of people, and maybe it is the foreignpolicy establishment, and maybe he wants to scare them, but they hear that and think, well, america has to live up to its agreements. If it is on the nato agreement and if a baltic country is prepared for america to defend them, they ought to be able to depend on that. And if america is attacked, america ought to be able to expect nato to come to its defense, too. Tom look, its a tough topic. Let me give you my opinion of what i think hes doing. And it is backed with some substance, because i live in that world. My business as a financier lives off of trade and trade agreements, mostly on an international basis. The criticism of nato is not just his. Its the hoover institute. Charlie its also president obama. President obama also said they are not paying their fair share. Tom it was born out of world war ii. If you look at the Marshall Plan and the onset of what happened to a destroyed europe 17 million dead in europe, 20 million injured, 30 million homes destroyed, and a europe in decay at a time when we were really concerned about the soviet union. Nato has nothing to do with north america. It has to do with europe. Charlie it was, in fact, a defense against russia, the soviet union at the time. Tom then russia, in turn, five years later started the warsaw pact. As kind of a balance. I think what donald is saying and by the way, he is academically pretty good underneath this. When i talk to him about the facts, in other words, the initial reaction is he is just a just bullying, he is just positioning, he actually is not. He gets a lot of the substance. What hes doing on all of these issues is saying, look, none of it is working because now you have bureaucracies. So, you have nato, you have g. A. P. , you had the marshall wto, the imf. Nobody knows what any of these entities do. Why are we paying for them . Its all Foreign Policy. Its all Foreign Policy related, and our Foreign Policy doesnt work. So, i think what hes doing, in a smart way, is saying, look, im throwing a little bit of fire, and i know, into the frying pan, and people are going to be concerned, but them being concerned is a good thing. Charlie you are saying, well you think he understands the issues, he also understands the value of inflammatory rhetoric. Tom absolutely. Charlie because that will create a discussion. That is what he wants in the end. Its a negotiating tactic. You start not with what you think youll get. Tom sure, because you are negotiating with bureaucracy. When you go to negotiate with nato or g. A. P. Or world bank or the imf or the wto, they are now huge bureaucracies themselves. They are not going to erode themselves. At a time when we are sitting here saying there is no way out of entitlement, how do you reverse the budget for anything . It is not the president. I mean, the president is a conciliator. He is an executive. Charlie when he has all these names in calling Hillary Clinton crooked, lying ted cruz, and all the things that he said even what he said about john mccain, does that have a purpose . Tom look, hes a friend, so i can disagree with him. I dont personally like any of it, and the reason i dont like any of it is because hes better than that. He doesnt need to go there. Charlie so, why does he . Tom because he caught onto something, this fissure in the American People that is against the grain that worked. If he would have been president ial and he could have, by the way the way we would have liked him to do it he would still be on the apprentice. Charlie he can only be where he is if he did what he did . Tom i think so. And by the way, look how can you say Hillary Clinton is not capable . Wesleyan, yale, twotime u. S. Senator, wife of the president , secretary of state. She is amazingly accomplished. It is simply a decision between status quo and disruption. Charlie if you could define this election, thats what it is about . Tom to me, thats what it is about, 100 , status quo versus disruption. Charlie which is in one word change. Tom nobody understands it. The problem is we are all prisoners in our own prison. When i sit down and talk to really smart people, not as smart as you, but that understand finance, but dont understand trade, or dont understand foreignpolicy, or dont understand the intervention of the Central Banks we are all captive. We are living in 19 trillion of debt. We just keep printing money and the debt is not secured by anything. It is too overwhelming for the average individual to think through. We just cant figure out where it is. I think hillary and ted and marco and all these people, they are all firstclass. They would not have gotten to where they have gotten if they werent capable, competent, and elegant and wellmeaning. Charlie but thats not how he characterizes them, is it . And you are saying if he did not characterize them that way, he probably would not have won . It was a galvanizing use of language . Tom it was his way around the club. Otherwise, the political rhetoric and legacy would not allow him even in the room. So, the only way you could get in the room was to knock the walls down. Charlie how much of it is set said for effect and to get around, and how much of it is said for effect and to get around, and how much of it is what he believes . Tom this is my opinion, and he will be angry at me for saying this, because if you ask him that question, he says it is absolutely not for effect. Im going to build a wall. They are going to pay for the wall. Right . Im an arabamerican. Im a lebanese immigrant. Im the epitome of the blind luck of the american. American dream. Im a catholic, but i grew up with sunnis and shias. I have this conversation with him. So, youre not really saying yes, im really saying that i will stop them all until they help us. Now, out of that, half my life is spent in the middle east. I run a Public Company, and the Public Company has a lot of private capital silos. And countries like abu dhabi and qatar and saudi arabia, with the young prince, are our allies. They themselves are trapped by fundamentalism, and they need our help, but our Foreign Policy there has been waving. When they have a war in yemen and the iranians are backing one side and the saudis are backing another and we are funding both sides, it is a bit confusing. Even they are saying, ok, i get it. We first have to take responsibility for stopping this fundamentalism within our own borders, and it starts in the middle of the mosques. So, if you have a mullah preaching that some 16yearold boy should strap on dynamite and wander through tel aviv or new york city, we are going to hold you responsible. Charlie where they are actually preaching it over the internet . Tom they are all saying, yes, we agree, but america has to back us. Otherwise we are going to have fundamentalist revolutions everywhere. They look at us and say, we dont understand america. The shaw of iran was our person. The shah of iran was our person. Iraq, saddam hussein. Libya, same thing. We just keep moving down the middle east. Charlie you are saying they dont know whether we are on their side and we will stand up with them, even though we have been their ally, whatever the instant is. And donald trump says to them what . Tom donald trump says, look, i dont care. You start taking care of your own, the good allies. The ones who are there. Its mostly the gcc who are here to help. And we will protect our allies and punish our enemies. So, if you want to start helping us, you clean your own house first. Syria is a different, mindboggling problem. It is really that predictability on both sides. Amazingly, the arabs looking at us say we have to figure out a way together to do this, because it is a problem. And europe is saying the same thing. 3 million 3 million refugees moving to europe is a gigantic problem when there is no hope. Right . When there is no hope. Charlie its a humanitarian crisis on the one hand and its an issue of great concern for recipient countries who want to do the right thing both because of its economic burden as well as its other issues. Tom exactly. Islam is like catholicism. Looking at catholicism at the time of the crusades, of course it is harsh at times. But what is harsh is when young people dont have a future i was at the refugee camps in lebanon. Unicef, which does an amazing job i was almost in tears. 500,000 kids. 500,000. Under the age of 14. And if we dont give them hope, theres only one place that they can go. Charlie actually, that reflects the dealings of a friend of mine, the former Deputy Director of the cia. Saying we have to find an alternative narrative. You have to figure out at the core, it is as much about being able to break that bond that the people who are preaching this extreme version of fundamentalism you have to find out what an alternative narrative and how you can get to them with that, and thats what you have to do to stop it, and thats the only way you can stop it. Because if you go here and you destroy isis, it will come up somewhere else, because isis came from al qaeda in iraq. Tom and this is the challenge. Charlie so, let me ask you about this. The muslim ban. You are lebanese catholic. Tom yes. Charlie it offends people who believe it is not american. This is a country that welcomed people, that welcomed your ancestors. Welcomed Donald Trumps ancestors. Welcomed my ancestors. Thats who we are. And to say, im going to ban people because of their religion is not what we are. Tom look, he is charlie do you agree with him . Tom i agree with him for a starter, yes. In other words, saying it. I dont agree with him doing it, but i agree with him saying it, because no one knows who he really is. Every arab country is going, wow, will he really do it . They are asking the question. They hear him saying, yes, i will really do it. So, our friends, abu dhabi, dubai, qatar, saudi arabia are already trying to align a position, i need you to do this, then i can start winnowing away at fundamentalism. I will do it. I will get there and we will do it together. Charlie how did he come to this . Is it all instinct . Did he have a series of people from the region or academics or former state department people, you, who gave him a tutorial in s kind of tom i think a lot of it is selfmade. I think at the edges he does have arab partners, amazingly enough. He has chinese partners, he has mexican partners. He has talked to me about it. And i think his point of view for america is sound. In other words, he is saying, until i get a handle on it, it is just shut it out, and then we will figure it out. Its not so farfetched. When you think of it being religiousoriented and, my personal belief is it wont happen, because as soon as you have a cohesive Foreign Policy that tells the middle east we will help our friends, we will benefit our friends, and we will punish our enemies, and you draw hard lines around the enemies when you draw a line around the enemy, you make it stick. Charlie you are saying that he