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Speaker 1: But most importantly, addressing this crisis of election security demands

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Speaker 1: that Congress must pass the Save America Act. How easy

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Speaker 1: is that to do unless you want to cheat? The

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Speaker 1: only reason you wouldn't do it is you want to

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Speaker 1: cheat because your policies are so bad and your candidates

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Speaker 1: are so pathetic that you can't get away or can't

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Speaker 1: get elected any other way. This landmark bill requires that

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Speaker 1: all voters must show photo voter ID.

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Speaker 2: How simple is that.

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Speaker 3: You're listening to the forty seven Morning Update with Ben ferguson.

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Speaker 2: Good Friday 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.

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Speaker 2: Big stories for you.

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Speaker 4: First up, the President has a major update on the

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Speaker 4: straight of hormus and it now means that those tolls

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Speaker 4: that were promised that we're going to be paid they

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Speaker 4: may be disappearing because of a new deal. Also, the

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Speaker 4: media and the economists, yeah, they got it wrong. Inflation

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Speaker 4: numbers are out and it was a big drop, in fact,

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Speaker 4: the biggest drop in inflation in six years.

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Speaker 2: So where is it.

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Speaker 4: Now and how did the economists and everyone else get

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Speaker 4: it wrong? Could it be it's just because they hate

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Speaker 4: Donald Trump. We'll explain it to you now. Before we

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Speaker 4: get to both those stories, I want to talk to

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Speaker 4: you right now about how the stakes could not be

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Speaker 4: any higher. We finally have a president and administration fighting

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Speaker 4: hard for America first. But if conservatives like you and

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Speaker 4: I lose focus now, the same people who created this

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Speaker 4: mess are ready and waiting to resume their destruction their

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Speaker 4: progressive agenda. And protecting this momentum takes more than votes.

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Speaker 4: It takes every American like you staying in the fight

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Speaker 4: for our rights and freedoms. And that's why more and

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Speaker 4: more people I know are switching to Patriot Mobile. It

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Speaker 2: Switching has never been easier.

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Speaker 4: to organizations on the front lines fighting for our God

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Speaker 4: given rights. And that is why I love Patriot Mobile. So,

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Speaker 2: Join the movement.

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Speaker 4: That's Patriotmobile dot com slash Ben forty seven or nine

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Speaker 4: to seven to two Patriot To make that switch today,

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Speaker 4: it's the forty seven Morning Update and it starts right now.

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Speaker 3: Story number one.

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Speaker 4: The Strain of War moves remains one of the most

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Speaker 4: strategically important waterways on Earth. That's why we're talking about

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Speaker 4: it so much. As I've said before, about one fifth

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Speaker 4: of the world's all supply normally passes through the shipping

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Speaker 4: lane each and every day. President Donald Trump has continued

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Speaker 4: now to escalate pressure on Iran while also adjusting parts

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Speaker 4: of his strategy, and today Trump said no country should

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Speaker 4: be charging ships a fee to pass through the strain

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Speaker 4: of war moves backing away from that earlier proposal for

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Speaker 4: a US imposed transit fee.

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Speaker 1: Now.

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Speaker 4: I'm going to have more on that in a moment,

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Speaker 4: But the military situation remains extremely tense. The United States

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Speaker 4: has continued intense strikes against the Iranian military targets after

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Speaker 4: accusing Tehran of violating previous understandings and threatening shipping throughout

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Speaker 4: the Persian Gulf. Iranian forces have also responded with missile

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Speaker 4: and drone attacks targeting Golf Region facilities and maritime traffic,

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Speaker 4: keeping the entire region well on edge.

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Speaker 2: Now.

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Speaker 4: One of the biggest concerns right now is still very

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Speaker 4: much commercial shipping. Major shipping companies are continuing to monitor

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Speaker 4: the situation carefully, and vessel traffic through the strait has

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Speaker 4: slowed significantly. Why because the insurers and the cargo companies

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Speaker 4: and the tanker operators are now weighing the real growing

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Speaker 4: risk from Iran. Every reduction in shipping raises concerns about

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Speaker 4: higher energy prices and potential supply disruptions if the conflict worsens. Meanwhile,

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Speaker 4: Iran's political leadership is also signaling that it intends to

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Speaker 4: maintain quote unquote their pressure.

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Speaker 2: According to new reports.

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Speaker 4: Lawmakers in Tehran are advancing legislation really to Iranians con

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Speaker 4: over the Strait of hor Moves. That is a move

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Speaker 4: that analysts believe is intended to both strengthen Iran's negotiating

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Speaker 4: position and also demonstrate resolve domestically and send a clear

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Speaker 4: message of the US and the Middle East that they're

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Speaker 4: not done fighting.

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Speaker 2: Now.

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Speaker 4: From Washington, the Trump administration is continuing to argue that

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Speaker 4: freedom of navigation must be protected and that Iran cannot

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Speaker 4: be allowed to threaten one of the world's most important

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Speaker 4: maritime choke points. Now, military analysts also say the United

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Speaker 4: States now faces two well simultaneous objectives. Number one, protect

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Speaker 4: international shipping, and then number two, to prevent the conflict

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Speaker 4: from expanding into a broader regional war involving additional countries

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Speaker 4: that Iran would love to bring into the mix. Now

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Speaker 4: these goals are becoming increasingly difficult. Why because Iran continues

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Speaker 4: to act more and more erratic each and every day. Now,

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Speaker 4: the financial markets are also watching every development closely, and

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Speaker 4: this does have an impact on you and your family's budget.

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Speaker 4: Oil prices have climbed sharply amid the renewed fears of

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Speaker 4: supply disruptions, and investors are trying to determine whether this

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Speaker 4: becomes a prolonged confrontation or whether diplomacy can eventually reduce tensions.

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Speaker 4: Even rumors surrounding the Strait of hor moves can move

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Speaker 4: global markets instantly because of its enormous importance to international

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Speaker 4: energy and President Trump has also made it clear that

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Speaker 4: he believes America's role in protecting international shipping has come

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Speaker 4: at significant costs to the United States of America, and

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Speaker 4: that's why he talked about having a proposed transit fee. Well,

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Speaker 4: let's talk about what has happened with that in the

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Speaker 4: last twenty four hours now. President Donald Trump announced on

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Speaker 4: Tuesday afternoon that he has now decided to replace his

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Speaker 4: proposed twenty percent reimbursement fee on cargo ships transiting the

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Speaker 4: Straight of Hormus with trade and investment deals involving gulfs dates,

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Speaker 4: while maintaining a blockade on ships traveling to or from

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Speaker 4: Iranian ports or carrying Iranian cargo that would include their

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Speaker 4: oil quote. Oil is flowing like never before thanks to

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Speaker 4: the awesome power of the United States military Trump said

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Speaker 4: on true social He credited the Secretary of War Pete Headseth,

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Speaker 4: the Chairman of the Joint Chiefs and the US Central Command,

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Speaker 4: and American service members for the victory.

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Speaker 2: Trump said the sort of.

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Speaker 4: Ramus is open to all ships traffic except for Iran,

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Speaker 4: blaming Tehran saying they're lying violent and malicious leadership for

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Speaker 4: place in the country and a path towards quote total destruction,

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Speaker 4: the president saying, we will therefore have a full blockade,

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Speaker 4: but only on ships coming to and from Iranian ports

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Speaker 4: or carrying anything that has to do with Iranian cargo.

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Speaker 4: And The President announced then that he would replace that

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Speaker 4: twenty percent fee that he proposed Monday to reimburse the

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Speaker 4: United States for protecting international shipping through the waterway with

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Speaker 4: something different, saying, quote, based on highly productive conversations with

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Speaker 4: Middle East leadership, I've decided to replace the twenty percent

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Speaker 4: United States reimbursement fee with trade and investment deals that

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Speaker 4: the various Golf States will be making into the United

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Speaker 4: States of America. The President also described the planned investment

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Speaker 4: as massive and said they would also be extraordinarily good

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Speaker 4: for the Gulf States and their futures, as well as

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Speaker 4: everyone is aware. We have the largest dollar investment into

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Speaker 4: the United States of any country in history. But these

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Speaker 4: new investments will make the number even larger, and we

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Speaker 4: will see factories, plants, and equipment pour into the United

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Speaker 4: States at historic levels, which will then create additional millions

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Speaker 4: of high paying American jobs. The president said, America is

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Speaker 4: winning again, winning like never before. The days of Iran

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Speaker 4: killing hundreds of thousands of people fifty two thousand protesters

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Speaker 4: are over, and most importantly, Iran will never have a

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Speaker 4: nuclear weapon now. Trump's announcement also came after US forces

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Speaker 4: carried out a five hour mission targeting Iranian coastal defense systems,

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Speaker 4: missile and drone sites, and maritime capabilities to further degrade

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Speaker 4: Iran's ability to attack commercial shipping. US Central Command said

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Speaker 4: the strikes hit military targets across Iran, including many areas

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Speaker 4: that were very close to where the shipping channel is.

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Speaker 1: Now.

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Speaker 4: Trump had declared the ceasefire over and said the United

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Speaker 4: States would take over the Strait of Hormus and become

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Speaker 4: its guardian now. Trump first announced that twenty percent reimbursement

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Speaker 4: on Monday, declaring that the United States and the Straight

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Speaker 4: of hor moves would be open and it will remain

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Speaker 4: open with or without Iran. And that is when he

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Speaker 4: said the United States was reinstating that Iranian blockade, which

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Speaker 4: would only stop Iran ships or customer from entering or leaving,

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Speaker 4: while all other countries would have fair and open use

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Speaker 4: of the strait. Trump said the United States would expect

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Speaker 4: to be reimbursed for protecting international shipping at that rate

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Speaker 4: of twenty percent on all cargo ships. Now, the President

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Speaker 4: has clearly changed that. Now here's what's happened. When it

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Speaker 4: comes to the price of the pump. Oil prices have

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Speaker 4: risen four percent in early trading on Monday going into Tuesday.

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Speaker 4: Goldman Sachs came out and warned that the renewed escalation

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Speaker 4: would increase short term risk of higher prices by further

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Speaker 4: disrupting golf exports. And that is exactly why the President's

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Speaker 4: made it clear that in America, we have to continue

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Speaker 4: to drill, baby, drill. One thing is for sure, the

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Speaker 4: President is being very proactive right now making sure that

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Speaker 4: Iran doesn't hold the world hostage. And also the President

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Speaker 4: says the US will knock out Iran's power plants and

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Speaker 4: bridges next week unless the regime makes a deal. Take

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Speaker 4: a listen to what the President had to say in

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Speaker 4: his own worlds. Strikes were seen this week against Iran

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Speaker 4: will expand, are you considering hitting energy targets or other locations.

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Speaker 1: I'll save the energy targets for last, but ultimately we'll

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Speaker 1: hit energy targets. Yeah, but we're going to hit them

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Speaker 1: very hard. Tonight, We're going to hit them very hort.

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Speaker 1: Tomorrow night, we're gonna hit him very hard the night after.

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Speaker 1: And then next week it gets really bad for them

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Speaker 1: because next week comes the power plants. Next week comes

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Speaker 1: the bridges. We're going to knock out all their power plants.

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Speaker 1: We're going to knock out all the bridges unless they

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Speaker 1: get to the table and negotiate.

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Speaker 2: Do you believe the Iranians are serious about making a deal.

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Speaker 1: I think they have no choice.

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Speaker 2: Why haven't they yet?

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Speaker 1: I think if I didn't do the way I'm doing,

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Speaker 1: they would never make a deal.

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Speaker 4: So there's the President in his own words, saying that

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Speaker 4: next week the US will not out RAN's power plants

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Speaker 4: and bridges unless the regime makes a deal. We'll obviously

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Speaker 4: keep you updated on all of this. Next story Number two,

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Speaker 4: All sixty seven economists got Donald Trump's inflation report wrong.

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Speaker 4: That's right, America. They want you to believe the economy

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Speaker 4: is terrible. But real inflation it just dropped by zero

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Speaker 4: point four percent.

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Speaker 2: That is the biggest drop in six years.

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Speaker 4: Bloomberg surveyed sixty seven economists, and sixty seven of those economists,

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Speaker 4: like I said, got it wrong. Now, the latest consumer

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Speaker 4: price Index shows that inflation cooled much more than the

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Speaker 4: analysts had expected. Consumer price is following zero point four

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Speaker 4: percent from the previous month. Again, that is the largest

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Speaker 4: monthly decline since the early months of the COVID nineteen pandemic. Now,

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Speaker 4: while the annual inflation rate slowed also to three point five,

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Speaker 4: down from four point two in May. Economists had generally

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Speaker 4: expected inflation to well somewhat cool, but not the much

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Speaker 4: and certainly not this fast.

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Speaker 2: Now.

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Speaker 4: The financial markets, they reacted quickly. Stocks moved higher, Treasury

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Speaker 4: yields fell, and investors increased expectations that the Federal Reserve

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Speaker 4: could leave interest rates unchanged in the near term because

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Speaker 4: inflation came in cooler than forecasted by all the quote

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Speaker 4: unquote experts. Now, much of the improvement came from lower

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Speaker 4: energy costs, gasoline prices dropped sharply during June, contributing significantly

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Speaker 4: to the overall decline in inflation, and while lower fuel

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Speaker 4: prices were the biggest driver, the report also showed that

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Speaker 4: core inflation now that includes food and energy, was essentially

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Speaker 4: flat for the month and slow to two point six

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Speaker 4: percent over the past year. That's not just good news.

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Speaker 4: That is great news for all Americans. As for President Trump,

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Speaker 4: this report is an opportunity for him to argue that

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Speaker 4: the economy is moving in the right direction under his administration.

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Speaker 4: And throughout the year, he had made that inflation would

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Speaker 4: come down while economic growth remain resilient, and today's report

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Speaker 4: supports the view that inflation ease more than many forecasters

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Speaker 4: had anticipated. You got to ask yourself the question, is

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Speaker 4: it because the media and the economists they hate President

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Speaker 4: Trump and they want him to have a big loss

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Speaker 4: in the midterm elections.

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Speaker 2: That's why they keep preaching doom and gloom.

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Speaker 4: Even though I'll say it again, this is the biggest

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Speaker 4: inflation drop in six years. Now what this also means,

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Speaker 4: and it's also very important for you to understand that

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Speaker 4: this report represents meaningful progress compared with the elevated inflation

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Speaker 4: reading scene earlier this year. When you have lower monthly inflation,

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Speaker 4: that can translate into less pressure on household budgets, and

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Speaker 4: it also reduces the need for additional interest rate increases

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Speaker 4: if the trend continued. The bottom line is this, today's

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Speaker 4: inflation report came in much better than expected. That's why

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Speaker 4: the media is not going to be talking about it.

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Speaker 4: And if it was a bad report, it would have

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Speaker 4: been leading the news on every channel, but now they

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Speaker 4: don't want you to know this Now the markets they

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Speaker 4: also welcome the news. It also strengthened the argument that

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Speaker 4: inflation pressures ease significantly during June could be a real

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Speaker 4: sign of what's to come. Now, whether this marks the

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Speaker 4: beginning of a lasting trend, it's going to depend on

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Speaker 4: the future reports. It's going to depend on energy prices

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Speaker 4: and broader economic conditions. But one thing is for sure.

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Speaker 4: Today's data shows that were undeniably stronger as a country

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Speaker 4: than all the economists talking to Bloomberg had anticipated. And

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Speaker 4: the reason why is because President Donald Trump continues to

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Speaker 4: push policies that put the American worker ahead of everyone else.

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Speaker 3: Thank you for listening to the forty seven Morning Update

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Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever

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Speaker 3: you're listening to this podcast right now and for more

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Speaker 3: in depth news, also subscribe to the Ben Ferguson Podcast

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Speaker 3: and we will see you back here tomorrow