• With: Donald Trump, Chairman & CEO Trump Hotels & Casino Resorts

    This is a rush transcript from "Your World," February 2, 2012. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST OF “YOUR WORLD”: Now first on Fox, Donald Trump in his first interview since making that, to many, a stunning surprise announcement.

    Donald, welcome. Good to have you back.

    DONALD TRUMP, CHAIRMAN & CEO, TRUMP HOTELS & CASINO RESORTS: Well, thank you very much, Neil.

    CAVUTO: Why Mitt Romney? Everyone thought it was going to be Newt Gingrich. What happened?

    TRUMP: Well, I like Newt very much. But over the course of the last number of months, I have seen Mitt and I have seen what is going on, and I see his stance toward China and OPEC and various others, and I like it a lot.

    You know I am a big strong believer in the fact that China is draining our wealth and OPEC is draining our wealth as a country. And I thought it was very important to step up. And I think Mitt has stepped up more than anybody else on those issues.

    CAVUTO: Have you ruled, then, a presidential run for yourself because of this today?

    TRUMP: Well, certainly, if Mitt gets the nomination, and he runs, I wouldn’t be running. I can’t endorse someone and then, say, oh, by the way, I am endorsing someone and I’m going to run.

    Now, if for some reason, something happens, then it is open season after the show is finished, which would be mid-May. But I don’t see that happening. And we had an amazing day today. There was an amazing turnout. And I represent millions of people that are tired of seeing this country ripped off. And that is what it is all about.

    CAVUTO: He wasn’t -- that is Mitt Romney, Donald -- among those -- I don’t the right way to -- he didn’t suck up to you. In other words, he admired you; always spoke very highly of you.

    When you were planning that debate last year featuring the presidential candidates, Newt Gingrich said yes. I think Rick Santorum said yes. Mitt Romney took a pass. He was very respectful about it; I guess called you about it. You took his call and you were respectful about his respectful call to you.

    But in the end, he gets the Trump brass ring. It is a little weird, isn’t it?

    TRUMP: Well, no, I don’t think so.

    He did call me. And I think I could have talked him into doing it. He did say that he would have preferred -- he was leading in the polls and he had a lot to lose, frankly, and he did say what he would prefer, but I think he would have done it had I put some pressure on.

    And he decided that -- and we both decided it was fine. He was very respectful. And that is not what it is about, though. It is really about who will do a great job. And I think that he will do really well. I loved his performance in the last two debates. I thought they were great.

    And if he performs that way, he will beat Obama very, very decisively in the debates and, I think, the election.

    CAVUTO: I want to go back to Newt Gingrich, because today when he heard this news, he seemed flabbergasted. This is from Newt Gingrich earlier today, Donald.

    (BEGIN VIDEO CLIP)

    NEWT GINGRICH (R), PRESIDENTIAL CANDIDATE: I am just watching in amazement.

    QUESTION: Why is it amazing?

    GINGRICH: Because some people have this knack of gathering attention.

    (END VIDEO CLIP)

    CAVUTO: Some people have this knack of gathering attention.

    What did you think of that?

    TRUMP: Well, I have always had the knack of getting attention. And I don’t do it myself. For some reason, you will have to ask you -- I mean, you called me, Neil. I didn’t call you. You’re the one that wanted me on. I didn’t want to be on.

    CAVUTO: You are absolutely right. You are absolutely right.

    TRUMP: And I can say about 10,000 other reporters, it’s the same thing. I’m not looking at them. They’re looking at me. So, I don’t know what it is.

    CAVUTO: I guess I -- I don’t care about -- his take on this, he was ticked off and he seemed pretty peeved.

    TRUMP: Well, I can understand it, because I do like him and I do respect him.

    And he is a member of my club in Washington, and he is a good guy. But I do think that Mitt Romney, who is also somebody that I like and respect -- and I have said that, also, from the beginning -- I think that he is going to do very well against Obama.

    CAVUTO: What happens now?

    We are going do into this later with my buddy Charles Payne here about the comments Mitt Romney made about the very poor, he doesn’t worry about them, worries about the middle class. It was kind of garbled. Some of his supporters said, well, he didn’t present the argument that clearly or well, but that he looks like an elitist snob.

    What do you think of that?

    TRUMP: Well, I think it was very unfair reporting, because if you let the sentence goes on for another three seconds, it is explained perfectly.

    So I think the reporting was really unfair -- that and the "fire" word, where he really wanted to fire insurance companies, but they cut it off before he gets to the word insurance companies. I think it was very, very unfair reporting.

    And, in a way, I am a little surprised that you would even say it. But if you listen to his statement, he also said, and he is going to protect them, and -- but they don’t let the sentence go on. They just take the first part of the sentence.

    So, I think that it is very, very unfair reporting.

    CAVUTO: All right, well, maybe so, but I am not the only one here reporting it, like you say.