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They spoke for two hours while up to 1.3 million people listened live, according to Reuters.

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The two businessmen discussed immigration, war, climate change, inflation, and many other topics impacting Americans.

Musk summed up his priorities toward the end of the interview.

[T]he things I think are important for the future is weve gotta have safe cities.

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Weve gotta have secure borders.

Weve gotta have sensible spending.

And weve gotta have deregulation.

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Lets explore the aspects of their talk that can directly affect theeconomyand personal finance for Americans.

He spent several minutes discussing immigration.

Trumps claims of increased crime or Venezuela sending released prisoners over theU.S.

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The assumption is that cracking down on illegal immigration would free up more resources for legal residents.

Its just not possible for the US to absorb, you know, everyone from Earth, Musk said.

Trump said opening the oil pipeline created 48,000 jobs.

Trump told Musk, We have to bring energy prices down.

Musk took an opportunity later in the conversation to clarify his stance on theenvironment and climate change.

I dont think its right to vilify oil and gas, said the Tesla CEO.

If we over-regulated it or ban it people would starve.

He suggested a government efficiency commission to curb spending.

Trump shared examples of where he negotiated discounts with government contractors, including negotiating the cost ofAir Force One.

I got the price reduced by $1.6 billion for the exact same plane, he told Musk.

Business Deregulation

During his prior presidency, Trump fought for business deregulation.

In fact, Trump added fewer regulations than his predecessors.

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