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Speaker 1: Cars of the of Ice and Border Patrol by a

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Speaker 1: past administration, it became almost a culture. If somebody throws

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Speaker 1: a rocket, you do nothing. If somebody spits in your face,

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Speaker 1: do nothing. And I say, would they spit? You hit?

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Speaker 1: Do whatever you want.

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Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.

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Speaker 3: Good Thursday morning.

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Speaker 4: Nice to have you with us on the forty seven

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Speaker 4: Morning Update, and we've got two big stories for you

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Speaker 4: coming out of the White House. First up, President Trump

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Speaker 4: is declared that Antifa is a major terrorist organization.

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Speaker 3: What does this mean, Well, it's.

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Speaker 4: Going to have a big impact on those that are

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Speaker 4: funding the organization and finding out who they are. Also, finally,

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Speaker 4: Fed cuts rates by a quarter percent, signaling two more

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Speaker 4: cuts will be coming this year. And it means that

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Speaker 4: Donald Trump was right. Interest rates were far too high

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Speaker 4: and now the Fed's only having to admit it. All right,

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Speaker 4: I want to take a moment and I want to

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Speaker 4: talk to you real quick about what you can do

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Speaker 4: to help the people in Israel. It was nearly two

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Speaker 4: years ago that the terrorists murdered more than twelve hundred

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Speaker 4: innocent Israelis and they took two hundred and fifty hostages.

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Speaker 4: Today it seems as if the cries of the dead

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Speaker 4: and dying have been drowned out by the shouts of

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Speaker 4: anti Semitism and just pure hatred, not just in America

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Speaker 4: but around the world. And the most brutal attack on

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Speaker 4: Jewish people happened. It happened since the Holocaust, and now

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Speaker 4: it's like they're trying to act like it never happened.

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Speaker 3: Now.

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Speaker 4: This is where it is important for us to stand

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Speaker 4: with the people in Israel. It's a movement of love

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Speaker 4: and support for the people of Israel, and this is

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Speaker 4: where I want you to get involved.

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Speaker 3: It is called Flags of Fellowship.

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Speaker 4: It's being organized by the International Fellowship of Christians and Jews.

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Speaker 4: On October fifth, you can stand with Israel and the

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Speaker 4: victims proudly. Just a few weeks away, millions across America

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Speaker 4: will prayerfully plant an Israeli flag in honor and solidarity

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Speaker 4: with the victims of October seventh, twenty twenty three, and

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Speaker 4: stand with their grieving families. You can be a part

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Speaker 4: of this movement as well. And that's what I love

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Speaker 4: about what IFCJ does. They're making sure that the world

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Speaker 4: knows there are lots of people of faith in this

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Speaker 4: country and friends and advocates for Israel.

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Speaker 3: They're going to stand with them.

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Speaker 4: You can get more information about how you can join

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Speaker 4: the Flags of Fellowship movement, including your church. There are

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Speaker 4: going to be countless church around the country. They're going

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Speaker 4: to plant flags as well. So all you have to

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Speaker 4: do to get involved with Flags of Fellowship movement is

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Speaker 4: go to IFCJ dot org. That's IFCJ dot org. Stand

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Speaker 4: with Israel on October the fifth, it's just a few

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Speaker 4: weeks away.

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Speaker 3: And if your church you think would.

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Speaker 4: Want to be involved, you can also find out more

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Speaker 4: about how to get your church to be involved on

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Speaker 4: a special Sunday at IFCJ dot org. That's if CJ

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Speaker 4: dot org. It's the forty seven Morning Update and it

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Speaker 4: starts right now.

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Speaker 2: Story number one.

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Speaker 4: President Donald Trump has declared that he is designating the

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Speaker 4: Antifa movement as a major terrorist organization. He also stated

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Speaker 4: he will recommend that people or organizations funding Antifa be

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Speaker 4: strongly investigated under the highest legal standards in practices now.

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Speaker 4: This announcement came in the wake of the assassination of

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Speaker 4: conservative activist Charlie Kirk, which Trump and his allies say

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Speaker 4: underscores the need to address what they characterize as left

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Speaker 4: wing extremism. Now Antifa, you may ask what is it,

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Speaker 4: They say, it's anti fascists. It's not a single group

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Speaker 4: or a with a hierarchy structure. In fact, it's a

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Speaker 4: loosely affiliated ideology where people all the time are saying

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Speaker 4: I'm a member of Antifa and then carrying out many

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Speaker 4: times criminal activities. Now, because of the decentralization of it,

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Speaker 4: there's no clear chain of command, which means you have

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Speaker 4: to actually follow the money, because without formal membership lists

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Speaker 4: or centralized leadership, you got to find out who is

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Speaker 4: funding Antifa and who on the left is writing the

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Speaker 4: checks for so many of the things that they actually do. Now,

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Speaker 4: there are several significant legal obstacles to make this kind

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Speaker 4: of designation meaningful and also enforceable, and that's exactly what

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Speaker 4: the President is doing right now. In fact, if you

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Speaker 4: want to know when this really became a reality, you

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Speaker 4: can go to the White House in the Oval Office.

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Speaker 4: Just two days ago, when the President was asked this

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Speaker 4: question about Antifa and what it would mean to designate

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Speaker 4: them a terrorist organization from a member of the press.

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Speaker 3: Take a listen, do.

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Speaker 1: You plan on designating it's family a domestic terriborganization. Well,

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Speaker 1: it's something I would do. Yeah, if I have support

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Speaker 1: from the people back here. I think would start with PAM,

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Speaker 1: I think, but I would if you give me, I

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Speaker 1: would do that one hundred percent. And others also, by

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Speaker 1: the way, but Antifa is terrible. There are other groups. Yeah,

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Speaker 1: there are other groups. We have some pretty radical groups

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Speaker 1: and they got away with murder. And also I've been

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Speaker 1: speaking to the Attorney General about bringing RICO against some

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Speaker 1: of the people that you've been reading about that have

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Speaker 1: been putting up millions and millions of dollars for agitation.

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Speaker 1: These aren't protests, these are crimes what they're doing where

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Speaker 1: they're throwing bricks at cars of the of Ice and

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Speaker 1: Border Patrol and they come in a beautiful new car.

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Speaker 1: They're so proud it's Border Patrol Ice. You know, it's

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Speaker 1: got whatever it is, and they're throwing rocks at it,

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Speaker 1: and after fifty yards it looks like an old beat

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Speaker 1: up vehicle. It was just brand new. It's just bought

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Speaker 1: for the purposes. And they don't have to take that anymore.

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Speaker 1: Be known will take responsibility. They don't have to take

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Speaker 1: it anymore, and they don't want to take it. I

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Speaker 1: watched it. I watched it so sick it made me

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Speaker 1: for four years. I had to sit oh and watch

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Speaker 1: people screaming at policemen and spitting in their face and

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Speaker 1: they weren't able to do anything. They just had to

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Speaker 1: grin and beard. They're standing up like a piece of steel.

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Speaker 5: And the woman.

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Speaker 1: In many cases women, you can see their professional agitators.

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Speaker 1: I had one the other night. I had four the

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Speaker 1: other night, all in one group, total phonies. I started

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Speaker 1: to scream when I got into a restaurant, Oh, you

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Speaker 1: know something with Palestine, And I said, well, I'm doing

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Speaker 1: a great job for peace in the Middle East.

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Speaker 3: I should get lots.

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Speaker 1: Of awards for that, with the Abraham Accords and everything else.

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Speaker 1: But a woman just stood up and start screaming, and

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Speaker 1: she got booed out of the place too. The people.

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Speaker 1: There were a lot of people in the restaurant. I

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Speaker 1: went there to show how safe.

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Speaker 3: And it was safe.

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Speaker 1: I mean a woman, it's just a mouthpiece, or she

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Speaker 1: washes a paid shoes, a paid agitator, and you have

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Speaker 1: a lot of them. I've asked Pam to look into

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Speaker 1: that in terms of bringing RICO cases against the criminal

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Speaker 1: RICO because they should be put in jail. What they're

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Speaker 1: doing to this country is really a subversive.

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Speaker 3: That is where all of this really got started.

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Speaker 4: Now Here is the best part about what this means

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Speaker 4: moving forward. The consequences of this action on Antifa are huge.

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Speaker 4: This will now allow the US government to increase investigations

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Speaker 4: into individuals or entities that are believed to provide support

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Speaker 4: to Antifa aka money and logistics supplies. Trump specifically asks

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Speaker 4: for these types of investigations. It also allows for potential

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Speaker 4: executive orders, regulations, policy changes aimed at curbing political violence

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Speaker 4: or hate speech associated with Antifa. And then there's the

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Speaker 4: possible legal or administrative sanctions for those found to be

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Speaker 4: a material support of Antifa if state or federal law

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Speaker 4: can be invoked. This is where there is real consequences

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Speaker 4: for people that are involved with this radical organization, and

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Speaker 4: you need to find out who is exactly funding them.

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Speaker 4: Follow the money is everything here. Now we can also

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Speaker 4: expect legal challenges groups like the ACLU and the SPLC.

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Speaker 4: They're going to argue that the designation violates constitutional protection

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Speaker 4: free assembly, free speech, due process, and then the courts

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Speaker 4: are going to have to interpret what designating a terrorist

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Speaker 4: organization means in this context. I think this is clearly

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Speaker 4: a fight the White House is more than happy to have.

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Speaker 4: And then there's the political polarization of this. Democrats are already

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Speaker 4: coming out and saying that this is a threat.

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Speaker 3: To free speech. So let's go back.

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Speaker 4: To the President and what he actually had to say

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Speaker 4: after designating Antifa a terrorist organization. Here's how CNN put

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Speaker 4: it as they had to read the president's words.

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Speaker 6: Now, i don't know if you know this, but I've

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Speaker 6: just seen that the as on a social media on

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Speaker 6: a social media's announced I'm pleased to inform our many

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Speaker 6: USA patriots that I'm designating Antifa, a sick, dangerous radical

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Speaker 6: left organization, as a major terrorist organization. I'll also be

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Speaker 6: strongly recommending that those funding Antifa be thoroughly investigated in

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Speaker 6: accordance with the highest legal standards and practices.

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Speaker 4: They can't stand the fact that radical organizations that are

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Speaker 4: out there being funded by dark money from democratic donors,

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Speaker 4: that are then committing crimes and terrorizing the public are

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Speaker 4: no longer going to be able to operate the way

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Speaker 4: they were under the Biden administration. And by the way,

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Speaker 4: This is exactly why I voted for Donald Trump, and

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Speaker 4: I think so many of you did as well.

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Speaker 2: Now, story number two.

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Speaker 4: Donald Trump has repeatedly urged the FED to cut interest

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Speaker 4: rates more aggressively. For example, in June of this year,

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Speaker 4: he called for a full percentage point drop. Also, he

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Speaker 4: said the rates are at least three percentage points too high. Now,

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Speaker 4: Trump had criticized the Fed, especially the chair Jerome Powell,

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Speaker 4: for not cutting sooner or more deeply. He made it

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Speaker 4: very clear he believed that the cuts need to come

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Speaker 4: and it was holding the economy back. He even talked

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Speaker 4: about the idea that it was time to get rid

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Speaker 4: of Jerome Powell, that he should resign. Well, Jerome is

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Speaker 4: still there. But the good news is finally the Feds

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Speaker 4: have cut interest rates by a quarter percentage point. And

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Speaker 4: here's how the news hit on CNN.

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Speaker 6: Tell us about this decision.

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Speaker 5: Matt, Yeah, Brianna, the Fed just delivered an interest rate cut,

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Speaker 5: and it is the quarter point cut that was widely expected. Now,

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Speaker 5: this is a big deal because it is the first

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Speaker 5: interest rate cut of the second Trump administration, and it's

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Speaker 5: sending a clear message that Federals of officials are more

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Speaker 5: worried about the slumping job market than they are about

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Speaker 5: stubborn inflation.

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Speaker 3: They're acting now.

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Speaker 5: To try to shore up the job market before this

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Speaker 5: trouble turns into something worse, and they're signaling this concern

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Speaker 5: in their new statement that they just put out by

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Speaker 5: inserting some new language that I'll read to you now.

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Speaker 5: FED officials say that job gains have slowed and the

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Speaker 5: unemployment rate has edged up but remains low. FED officials

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Speaker 5: also say that they have judged that downside risks to

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Speaker 5: employment have risen now. At the same time, this statement

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Speaker 5: also says that inflation has moved up and remains somewhat elevated,

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Speaker 5: which just gets at this really difficult situation facing the

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Speaker 5: FED where they're really trying to fight the two front war, right,

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Speaker 5: they're trying to fix the job market and they're trying

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Speaker 5: to defeat inflation at the same time. It is really difficult.

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Speaker 2: Now.

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Speaker 5: As far as the voting here, this was actually almost unanimous.

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Speaker 5: It was an eleven to one vote, with FED Chair

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Speaker 5: Jerome Powell joined by ten of his colleagues, including FED

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Speaker 5: Governor Lisa Cook, who the President has.

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Speaker 3: Tried to fire.

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Speaker 5: The one dissenter is the Federal Reserve's newest member. That's

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Speaker 5: Stephen Myron, the Trump loyalist and White House economists. Not surprisingly,

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Speaker 5: he was in favor of a bigger cut of half

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Speaker 5: of a percentage point. Now, looking forward, the key change

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Speaker 5: with the FEDS projections is they're now penciling in a

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Speaker 5: total of three interest rate cuts this year. Today's and

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Speaker 5: two more quarter point cuts. Now that's a shift from

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Speaker 5: June when Fed officials had previously just penciled in two

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Speaker 5: interest rate cuts. Now, what does all this mean to

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Speaker 5: everyone at home? Well, the fact that rates have come

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Speaker 5: down that could be helpful for people who have credit

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Speaker 5: card debt and people have floating rate debt like home

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Speaker 5: equity lines of credit. But we should be clear, this

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Speaker 5: is not a silver bullet that's going to fix the economy.

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Speaker 5: Interest rates do remain high. The Fed spiked interest rates

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Speaker 5: three years ago to try to fight inflation. That amounts

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Speaker 5: it to slamming the brakes on the economy. Now they're

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Speaker 5: not going pedal to the metal and hitting the gas.

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Speaker 5: They're sort of gradually taking their foot off the break. Now,

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Speaker 5: later this hour, Fed show drum Powell, he's gonna take questions.

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Speaker 5: I'm interested to hear what he's going to say about

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Speaker 5: all of the pressure, the political pressure from the White

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Speaker 5: House on federers of officials, and how many more interest

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Speaker 5: rates he expects to have in the coming months.

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Speaker 4: Becky breeng I love how they're like, well, this could

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Speaker 4: be good for Americans. This is going to be massive,

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Speaker 4: by the way, for Americans, And this is exactly what

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Speaker 4: the President has been advocating for, saying that we need

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Speaker 4: to move this in the right direction. We also know

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Speaker 4: from what was said by Powell that you can expect

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Speaker 4: that there is a very good chance that more cuts

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Speaker 4: could be coming on the regular.

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Speaker 3: So is this a victory for all Americans? Yes?

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Speaker 4: Is this a big victory for the fact that Jerome

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Speaker 4: Powell said it the way that he described it. Yes,

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Speaker 4: is it something that we should all celebrate. You better

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Speaker 4: believe it. Jerome Powell in his own words.

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Speaker 6: Under what circumstances would a larger than twenty five basis

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Speaker 6: points rate cup be warranted?

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Speaker 7: And how seriously was that option entertained at your meeting

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Speaker 7: this week? There wasn't widespread support at all for fifty

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Speaker 7: basis point cut today. You know, I think we've done

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Speaker 7: We've done very large rate hikes and very large rate

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Speaker 7: cuts in the last five years, and you tend to

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Speaker 7: do those at a time when you feel that policy

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Speaker 7: is out of place and needs to move quickly to

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Speaker 7: a new place. That's not at all what I feel

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Speaker 7: certainly now. I feel like our policy has been doing

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Speaker 7: the right thing so far this year. I think we

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Speaker 7: were right to wait and see how tariffs and inflation

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Speaker 7: and the labor market evolved. I think we're now reacting to,

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Speaker 7: you know, to the much lower level of job creation

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Speaker 7: and other evidence of softening in the labor market and saying, well,

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Speaker 7: those risks are maybe maybe not fully balanced, but moving

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Speaker 7: in the direction of balance now, and so that that

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Speaker 7: warrants a change in policy.

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Speaker 4: So even Jerome Powell having to admit he's probably gotten

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Speaker 4: it wrong for a while now, and he's having to

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Speaker 4: be honest that Donald Trump was right.

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Speaker 2: Thank you for listening to the forty seven Morning Update

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Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever

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Speaker 2: you're listening to this podcast right now and for more

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Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast

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Speaker 2: and we will see you back here tomorrow.