WEBVTT - WH Declares Victory on Affordability Crisis w AI, Tech, and American Industry Boom

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<v Speaker 1>It speaks volumes that tomorrow we have a communist coming

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<v Speaker 1>to the White House, because that's who the Democrat Party

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<v Speaker 1>elected as the mayor of the largest city in the country.

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<v Speaker 1>I think it's very telling, but I also think it

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<v Speaker 1>speaks to the fact that President Trump is willing to

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<v Speaker 1>meet with anyone and talk to anyone and to try

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<v Speaker 1>to do what's right on behalf of the American people,

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<v Speaker 1>whether they live in to Louse States or rest States.

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

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<v Speaker 3>Good Friday morning. Nice to have you with us on

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<v Speaker 3>the forty seven Morning Update, and we've got one big

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<v Speaker 3>story for you, and it deals with the economy. Massive

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<v Speaker 3>job growth that was unexpected by the experts and the

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<v Speaker 3>media completely silent on it. This is they're also trying

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<v Speaker 3>to claim that Donald Trump's economy is a disaster. Well,

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<v Speaker 3>the numbers don't back that up at all. And I'm

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<v Speaker 3>going to give you all of what the President had

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<v Speaker 3>to say at the White House on this as well

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<v Speaker 3>in just a moment. But first I want to tell

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<v Speaker 3>It is the forty seven Morning Update and it starts

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<v Speaker 3>right now.

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<v Speaker 2>Story number one.

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<v Speaker 3>There's an old saying in politics, it's the economy stupid.

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<v Speaker 3>It's an important one because if Americans feel like the

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<v Speaker 3>economy is not going in the right direction, they almost

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<v Speaker 3>always blame whoever is in charge of the country, the

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<v Speaker 3>president of the United States of America. Well, there are

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<v Speaker 3>a lot of Americans right now that are not happy

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<v Speaker 3>where pricing is and where the economy is. It's part

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<v Speaker 3>of the reason why President Donald Trump was elected president.

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<v Speaker 3>But Democrats are seizing this moment to now say that

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<v Speaker 3>Donald Trump's economy is a disaster. The Trump White House,

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<v Speaker 3>they're fighting back and working to fix what they describe

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<v Speaker 3>as the affordability crisis and proving that they're making significant

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<v Speaker 3>progress in this area after Americans suffered under bidenflation for years.

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<v Speaker 3>The White House Press Secretary of Caroline Levitt pointing out

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<v Speaker 3>during Thursday's press briefing just how bad things were, saying, quote,

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<v Speaker 3>these gains came after the summer passage of President Trump's

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<v Speaker 3>historic tax cuts and multiple big trade deals with countries

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<v Speaker 3>around the world. In particular, construction jobs have surged by

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<v Speaker 3>nineteen thousands, up to the largest monthly game in a year.

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<v Speaker 3>She also pointed out that most of this growth came

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<v Speaker 3>from private sector, and native born citizens are getting these

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<v Speaker 3>jobs rather than foreign born workers. This, Levitt pointed out

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<v Speaker 3>as the opposite of what we saw under the Biden administration.

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<v Speaker 3>She also reminded Americans of this that inflation also remains

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<v Speaker 3>under control and wages are up three point eight percent

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<v Speaker 3>over the year for American workers because of President Trump's

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<v Speaker 3>pro growth policies. In fact oral, wages are at a

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<v Speaker 3>pace to increase roughly one thousand, two hundred dollars for

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<v Speaker 3>the average worker this year alone under President Donald Trump. Now,

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<v Speaker 3>if the economy is in such bad shape, how is

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<v Speaker 3>it that wages are going up like this? Now, There's

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<v Speaker 3>no doubt that a lot of the money we're making

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<v Speaker 3>now is going to goods and services that are high price.

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<v Speaker 3>The President also working on that, saying, quote, what we're

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<v Speaker 3>doing this is a complete reversal when we saw inflation

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<v Speaker 3>skyrocket to nine percent, causing private sector workers to see

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<v Speaker 3>their wages decline by approximately three thousand dollars, while Americans

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<v Speaker 3>are still suffering the consequences of the four years of

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<v Speaker 3>economic disaster the Biden administration. The White House Press Secretary

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<v Speaker 3>said Donald Trump is making significant progress to fix this

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<v Speaker 3>and he will not stop working until he solves it.

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<v Speaker 3>As the President recently stated he is never satisfied.

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<v Speaker 1>In economic news, the September jobs report showed the American

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<v Speaker 1>economy remains strong, with one hundred and nineteen thousand new

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<v Speaker 1>jobs added, more than double expectations. These gains came after

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<v Speaker 1>the summer passage of President Trump's historic tax cuts and

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<v Speaker 1>multiple big trade deals with countries around the world. In particular,

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<v Speaker 1>construction surge by nineteen thousand in September, the largest monthly

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<v Speaker 1>gain in a year. Nearly all of this solid monthly

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<v Speaker 1>job growth came from the private sector and went to

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<v Speaker 1>Americans rather than foreign born workers, the opposite of what

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<v Speaker 1>we saw under the previous administration. Inflation also remains under

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<v Speaker 1>control and wages are up by three point eight percent

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<v Speaker 1>over the year for American workers because of President Trump's

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<v Speaker 1>pro growth policies. In fact, real wages are on pace

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<v Speaker 1>to increase roughly twelve hundred dollars for the average worker

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<v Speaker 1>this year under President Trump. This is a complete reversal

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<v Speaker 1>of the failed Biden era, when we saw inflation's skyrocket

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<v Speaker 1>to nine percent, causing private sector workers to see their

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<v Speaker 1>wages decline by approximately three thousand dollars. We know that

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<v Speaker 1>Americans are still hurting from the four decade high inflation

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<v Speaker 1>caused by Joe Biden and the Democrats, but President Trump

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<v Speaker 1>is making significant progress to fix this and he will

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<v Speaker 1>not stop working until he solves it. As the President

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<v Speaker 1>recently stated, he is never satisfied.

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<v Speaker 3>The White House Press Secretary wasn't the only one talking

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<v Speaker 3>about the positives and the economy. Vice President j. D.

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<v Speaker 3>Vance also pointing to the economic realities of Yes, things

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<v Speaker 3>are bad in some categories because of what happened over

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<v Speaker 3>the last four years, but the Biden administration didn't ruin America,

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<v Speaker 3>and Donald Trump is fixing it as fast as he

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<v Speaker 3>possibly can. Here's what the Vice President had to say

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<v Speaker 3>in a Breitbart News event on Thursday.

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<v Speaker 4>Vice President, the big news this morning has new jobs

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<v Speaker 4>numbers blew away expectations huge from the September numbers, so

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<v Speaker 4>these were delayed because of the government shut down. More

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<v Speaker 4>than double one hundred nineteen thousand new jobs. And then

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<v Speaker 4>also there's some interesting stuff in the wages numbers there

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<v Speaker 4>as well. This shows wages on the rise. Your thoughts

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<v Speaker 4>on the jobs numbers.

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<v Speaker 5>Okay, so a huge jobs report, and I assume the

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<v Speaker 5>market is going crazy right now, probably just opened, because

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<v Speaker 5>what the shows is that the economic policies are actually

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<v Speaker 5>working and you've got one hundred nineteen thousand new jobs.

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<v Speaker 5>Economists thought that we would have about fifty thousand new jobs,

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<v Speaker 5>but that's actually just the headline number. If you look

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<v Speaker 5>below the surface, I think the numbers are actually better.

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<v Speaker 5>So Number one, wages continue to weigh out pace inflation.

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<v Speaker 5>If you go back to the three years of the

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<v Speaker 5>Biden administration, the average American worker actually lost about three

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<v Speaker 5>thousand dollars of take home pay. In the first ten

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<v Speaker 5>months of the Trump economy, We've increased take home pay

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<v Speaker 5>by about twelve hundred dollars, adjusting for inflation. So that's

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<v Speaker 5>a huge, huge thing, and this job's report confirms that.

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<v Speaker 3>So if you go back to the lie being told

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<v Speaker 3>by the media that things are terrible, they weren't freaking

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<v Speaker 3>out when that workers lost about three thousand dollars of

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<v Speaker 3>take home pay under the Biden administration. In the first

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<v Speaker 3>ten months of the Trump economy, you've got wage increases,

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<v Speaker 3>a take home pay of about one two hundred dollars.

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<v Speaker 3>That is a massive forty two one hundred dollars swing. Now,

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<v Speaker 3>I also so highlighted the private sectors driving this economy growth,

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<v Speaker 3>and the jobs are going to native born citizens rather

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<v Speaker 3>than foreign workers. It's a drastic change from the reality

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<v Speaker 3>under the Biden administration. And what happened under the Biden

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<v Speaker 3>administration is to the extent that there was any job

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<v Speaker 3>growth at all. If you look at the data, JD.

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<v Speaker 3>Van said, almost all of the net job creation in

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<v Speaker 3>the United States under the Biden administration went to foreign

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<v Speaker 3>born workers. Now, of course, some of those people are

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<v Speaker 3>illegal immigrants in the United States of America, he continued,

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<v Speaker 3>but that meant a lot of the job creation was

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<v Speaker 3>actually going to legal aliens who shouldn't have been in

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<v Speaker 3>our country. Senator Bernie Marino, Republican from Ohio, also pointed

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<v Speaker 3>out the fact that the influx of foreign workers imported

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<v Speaker 3>by the Biden administration really hurt American workers, and Americans

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<v Speaker 3>are remember the damage that was inflicted upon the country

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<v Speaker 3>under the Biden administration, and it cannot be done done

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<v Speaker 3>what they did to this country in a matter of months,

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<v Speaker 3>surging this country with up to twenty million illegal immigrants.

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<v Speaker 3>He also urged Republicans to respond with urgency, saying these

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<v Speaker 3>realities coincide with the Trump administration celebrating the strides made

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<v Speaker 3>in the affordability crisis since Donald Trump took office in January.

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<v Speaker 3>That includes falling gas prices which reach record highs under

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<v Speaker 3>Joe Biden, as well as dipping mortgage rates, falling inflation,

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<v Speaker 3>and boose and take home pay. Those victories do not

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<v Speaker 3>even include what the Trump administration has achieved through trade

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<v Speaker 3>deals and historic investments secured by the president, all of

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<v Speaker 3>which the President has been talking about his steps in

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<v Speaker 3>the right direction. What the media should be calling this

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<v Speaker 3>is the Trump Effect. Since President Donald Trump returned to office,

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<v Speaker 3>it's very clear that his America First economic policies have

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<v Speaker 3>sparked trillions of dollars in new investments in US manufacturing, technology,

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<v Speaker 3>and infrastructure. Total US and foreign investment is now at

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<v Speaker 3>nine trillion dollars. Where's the money coming from? The UAE

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<v Speaker 3>putting in foreign investments of one point four trillion into

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<v Speaker 3>manufacturing and industry, technology, aerospace as well, Katar putting one

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<v Speaker 3>point two trillion into America again in manufacturing, an industry

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<v Speaker 3>sector with technology and manufacturing being the main point. Japan

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<v Speaker 3>one trillion into auto plants in US steel, Apple six

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<v Speaker 3>hundred billion into technology and manufacturing as well. EU firms

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<v Speaker 3>putting in general investment of six hundred billion, Saudi Arabia

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<v Speaker 3>putting in six hundred billion and now saying it's going

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<v Speaker 3>to go to one trillion dollars again in technology and manufacturing,

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<v Speaker 3>Soft Bank, Open AI and Oracle five hundred billion all

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<v Speaker 3>A AI infrastructure projects, Navidia a half a trillion dollars

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<v Speaker 3>in AI infrastructure and supercomputers, India investing a half a

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<v Speaker 3>billion and mutual trade expansion South Korea four hundred and

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<v Speaker 3>fifty billion US energy products, Micron two hundred billion semiconductor

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<v Speaker 3>manufacturing and research and development, IBM one hundred and fifty

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<v Speaker 3>billion of growth and manufacturing operations in the US, Pfizer

0:12:30.320 --> 0:12:36.160
<v Speaker 3>seventy billion into research, development and capital projects, and Google

0:12:36.440 --> 0:12:43.080
<v Speaker 3>sixty eight billion for AI infrastructure, electrician grants, hydropower facilities,

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<v Speaker 3>just to name a few. There are countless investments. I

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<v Speaker 3>could go on and on with Johnson Johnson, Astrozeneca, Bristol Myers, Squib, Amazon, Hondai, Eli, Lilly.

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<v Speaker 3>The list is long. But what did the President do here?

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<v Speaker 3>He made it. If you want to do business in America,

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<v Speaker 3>you need to invest in America. You can't just export

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<v Speaker 3>or import. You must be a real player in this country.

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<v Speaker 3>And that is exactly why the President has made it

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<v Speaker 3>possible through his leadership for the USC a surge of

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<v Speaker 3>private and foreign investments that are fueling job growth, innovation,

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<v Speaker 3>and opportunity across every corner of the country. So yet again,

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<v Speaker 3>President making good on a promise, even though the media

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<v Speaker 3>is trying to tell you that everything's terrible in America,

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<v Speaker 3>and the reality is we're moving in the right direction.

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<v Speaker 2>Thank you for listening to the forty seven Morning Update

0:13:40.200 --> 0:13:44.280
<v Speaker 2>with Ben Ferguson. Please make sure you hit subscribe wherever

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<v Speaker 2>you're listening to this podcast right now and for more

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<v Speaker 2>in depth news also subscribe to the Ben Ferguson podcast,

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<v Speaker 2>and we will see you back here tomorrow