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The world. they buy them from american companies. so immediately when i looked at it, it was my administration that closed them down. when i looked at it, i said you know, they can pay a big price without necessarily damaging all of these american companies, which they are because you are talking about tremendous amount of money and jobs to american companies so i envision a very large fine. i envision perhaps new management, new board of directors, for tight security rules. but we caught them doing bad things. we caught them. not anybody else. we caught them doing bad things. we essentially m...

Large fine of more than $1 billion. it could be $1.3 billion. i envision new management, a new board and very, very strict security rules. and i also envision that they will have to buy a big percentage of their parts and equipment from american companies. okay? thank you all very much. thank you. >> harris: the president touching on a whole host of issues. most of the conversation on the plan summit for june with north korea. both president trump and the leader of north korea. but sitting there with him is the president of south korea. that meeting went north of 30 minutes and they did touch ...

Roughly 30 minutes. let's go back. wait a minute. let's listen in again. >> tremendous amount of equipment and parts for their telephones. as you know they're the fourth largest in the world. they buy them from american companies. so immediately when i looked at it, it was my administration that closed them down. but when i looked at it, i said, you know, they can pay a big price without necessarily damaging all of these american companies, which they are, because, you know, you're talking about tremendous amounts of money and jobs to american companies. so i envision a very large fine. i envi...

Companies. don't -- and i will tell you, don't think that we didn't hear from them by shutting down this massive phone company. so what i envision is a very large fine of more than $1 billion. it could be $1.3 billion. i envision new management, new board and very, very strict security rules. and i also envision that they will have to buy a big percentage of their parts and equipment from american companies, okay. thank you all very much. thank you. thank you. >> all right. we're just sort of making sure that the president's finished this time before we interrupt just one more time. all right....

Yeah. >> it was that bad and so, yes, there is an issue here obviously john kelly took some fire over his handling of the rob porter issue. he's now been taking more internal fire over this decision to change the security clearance question, which has robbed jared kushner of classified clearance and there are discussions about whether he's going to go. look, i think kelly is continuing to try to impose order there, consistent rules. that's why he came out with the new security rules. there are probably going to be some people who are upset about that, you are hearing them speak anonymously to ...