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Speaker 1: It just shows you when you can get every story,

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Speaker 1: one hundred percent of the stories, no matter what you do,

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Speaker 1: that's good.

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Speaker 2: They make it as bad as possible. But the fake

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Speaker 2: news hit me with eggs.

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Speaker 1: Remember the first week, four days, eggs are through the roof.

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Speaker 3: I said, I just got here.

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Speaker 2: What's going on with eggs?

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Speaker 3: Tell me I didn't hear about it.

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Speaker 4: If you're listening to the forty seven Morning Update with

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Speaker 4: Ben Ferguson.

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Speaker 5: Happy before the July so nice to have you with

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Speaker 5: us on the forty seven Morning Update, and we've got

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Speaker 5: exciting news, including the fact that at five o'clock Donald

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Speaker 5: Trump is going to sign the Big Beautiful Bill in

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Speaker 5: the law. We also are going to cover another big story,

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Speaker 5: and that is how everyone got it wrong with the

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Speaker 5: jobs numbers that show a major resurgence in our economy.

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Speaker 5: It's the forty seven Morning Update and it starts right now.

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Speaker 4: Story number one.

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Speaker 5: Congratulations America, you just got the biggest tax deduction of

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Speaker 5: your lifetime after Congress sent Donald Trump the Big Beautiful

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Speaker 5: Bill to his desk after a dramatic all night House vote.

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Speaker 2: If you missed it because.

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Speaker 5: It was an all nighter, this is what it sounded

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Speaker 5: like when Speaker Johnson walked up to the best job

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Speaker 5: there is in Washington right now, that job of him

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Speaker 5: being in charge of passing the big beautiful bill in

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Speaker 5: the House. And here is what he said, and listened

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Speaker 5: to the reaction in the room on the floor of

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Speaker 5: the House, so.

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Speaker 2: He had to impose a deadline. It just happened to

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Speaker 2: coincide with our two and forty.

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Speaker 6: Nine birthdayser to eighteen the laser two fourteen.

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Speaker 2: The motion is adopted with that objection.

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Speaker 6: The motion to reconsider is laid on the table.

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Speaker 5: There it is the House passing a big beautiful bill,

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Speaker 5: chanting ussay, ussay, ussay. Now, don't get too excited. Only

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Speaker 5: half the room was chanting at ussay. The other side

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Speaker 5: of the room was angry. That would be your socialist,

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Speaker 5: communists and Marxist masquerading as the Democratic Party. And it

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Speaker 5: didn't take long to hear exactly what the President's plans were.

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Speaker 5: After the Republicans delivered, the President said, I'm signing this

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Speaker 5: sucker Friday afternoon at the White House five o'clock Eastern. Yes,

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Speaker 5: and an effort to delay Thursday's vote. The majority leader,

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Speaker 5: by the way, didn't want there to be a fourth

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Speaker 5: of July celebration. Hakim Jeffries, that Democrat from New York,

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Speaker 5: spoke for eight hours and forty four minutes, breaking a

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Speaker 5: record for the longest House floor speech. Jeffrey decried what

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Speaker 5: he said were terrible cuts to things like Medicaid and yes,

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Speaker 5: we did cut of legal immigrants from abusing the program.

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Speaker 5: He also said this was the worst legislation and it

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Speaker 5: was a quote crime scene from the floor of the House. Meanwhile,

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Speaker 5: Donald Trump went to Iowa to showcase next year's celebration

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Speaker 5: of the nation's two hundred and fiftieth birthday. So there's

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Speaker 5: two different Americas right now, the one where Democrats hate

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Speaker 5: you getting more of your money, and there are others

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Speaker 5: on the other side that are celebrating the largest tax

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Speaker 5: break the American population in my lifetime has ever seen.

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Speaker 5: The present making it clear that it is his job

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Speaker 5: to do whatever it takes to get our economy rolling again.

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Speaker 5: And when the Republicans had their press conference and the

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Speaker 5: Leader of the House, the Speaker, came to the podium,

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Speaker 5: here's what he had to say.

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Speaker 6: This is the vote tally card. We're gonna frame this one,

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Speaker 6: Okay to eighteen two fourteen. Listen I'm not gonna give

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Speaker 6: you a long speech. A lot has been said today,

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Speaker 6: and these people are exhausted. A couple of us quite

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Speaker 6: literally haven't slept in two days. So I'm a danger

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Speaker 6: to myself and others right now. I'm not gonna I'm

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Speaker 6: not gonna speak off the cup. I'll just say this.

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Speaker 6: I mean, many if you have asked me this question

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Speaker 6: in the hall of the last couple of days, but

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Speaker 6: when it looked like that we might actually deliver this thing,

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Speaker 6: particularly this morning, how did you know? I mean what,

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Speaker 6: what what kept you going? Why did you did? Why

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Speaker 6: did you think this was possible? You guys made an

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Speaker 6: audacious plan. You brought the most comprehensive, complicated piece of

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Speaker 6: legislation probably arguably in the top two or three in

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Speaker 6: the history of the Congress, with the smallest margin in

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Speaker 6: US history, which we had for big chunk of the

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Speaker 6: first hundred days. And you and you put this audacious timeline.

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Speaker 6: You said you're going to pass it out of the

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Speaker 6: House by Memorial Day. I mean some of you openly

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Speaker 6: laughed at me when I said that back in early February.

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Speaker 6: And then we said we would get it done by

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Speaker 6: July fourth. We beat Memorial Day by four days, and

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Speaker 6: we got this one done a day early. I just

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Speaker 6: want to point out, Okay, I got to schedule the

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Speaker 6: under watch. So the question was, I mean, like, why

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Speaker 6: why did you do that? Why did you think that

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Speaker 6: was possible? Because it just it sums up. I was

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Speaker 6: someb it up with one word, it's it's belief. Okay.

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Speaker 6: We had a vision for what we want to do

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Speaker 6: as a group. We believed in the election cycle last

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Speaker 6: fall that we were going to be given this great

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Speaker 6: blessing of unified government, that we would have the White

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Speaker 6: House and the Senate and the House aligned and alignment

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Speaker 6: unified government. And we did not want to waste that

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Speaker 6: opportunity because we understand the history that comes along with it,

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Speaker 6: the opportunity that we can do for the country, and

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Speaker 6: we believe that we would have that chance. And then

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Speaker 6: I believe in the people that are standing here behind me.

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Speaker 6: I believe in this group, every single one of them individually.

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Speaker 6: Some of them are more fun to deal with than others.

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Speaker 3: You know.

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Speaker 6: I mean that with the greatest level of respect. I

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Speaker 6: love every single one of my colleagues, you know, even

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Speaker 6: the ones I gotta spend the more time with right,

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Speaker 6: because everybody's here, their motive is right, their heart is right.

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Speaker 6: They're trying to do right for their constituents. They're trying

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Speaker 6: to serve the greatest nation and the history of the

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Speaker 6: world that we're going to celebrate tomorrow. We don't take

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Speaker 6: that lightly. I know their hearts, and I know what

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Speaker 6: their skill sets are, and I know what they bring

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Speaker 6: to the table, and I get up every day excited

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Speaker 6: because I know that each of them are going to

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Speaker 6: bring that to the table and they're going to serve

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Speaker 6: their constituents. You could not have a greater group of

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Speaker 6: public servants in the People's in this room right here.

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Speaker 6: They will give their all for this country, and man,

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Speaker 6: that's what the Framers intended when they put this thing

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Speaker 6: together two hundred and forty nine years ago. This is

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Speaker 6: what it was about. So I believe, I believed in

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Speaker 6: this vision. I believed in the group. I believe in America.

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Speaker 6: I believe we had a RAI station. I'm gonna say

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Speaker 6: this very simply, and everybody here would articulate it in

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Speaker 6: their own way. We had a tough four years before

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Speaker 6: this last election cycle. America was in We're in deep

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Speaker 6: trouble and we knew that if we won, and we

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Speaker 6: believe we would, we knew that if we got unified government,

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Speaker 6: we'd have to quite literally fix every area of public policy.

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Speaker 6: Everything was an absolute disaster under the Biden Harris radical woke,

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Speaker 6: progressive Democrat regime. And we took the best effort that

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Speaker 6: we could in one big, beautiful bill to fix as

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Speaker 6: much of it.

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Speaker 2: As we could.

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Speaker 6: And I am so grateful to God that we got

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Speaker 6: that done as we did because of the dedication. Yeah, lastly,

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Speaker 6: it's no secret I do believe in God. I believe

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Speaker 6: in that motto that I've referenced in the floor speech

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Speaker 6: of a while ago. I believe that that is what

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Speaker 6: has made our nation the greatest in the history of

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Speaker 6: the world. And some people shake their heads and they

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Speaker 6: think that's old fashioned or something. That is a fact.

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Speaker 6: When the Framers put this together, they stepped out in faith.

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Speaker 6: They did something that no nation had ever done before.

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Speaker 6: The great statesman philosopher G. K. Chesterson, a great Britain,

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Speaker 6: said America is the only nation in the world it

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Speaker 6: was founded upon a creed, and he said it's listed

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Speaker 6: with almost theological lucidity or clarity in the nation's birth certificate.

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Speaker 6: The Declaration of Independence. We owed these trees to be

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Speaker 6: self but evident that we recognize, we boldly proclaim the

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Speaker 6: self evident truth that our rights do not come from

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Speaker 6: the government. They come from God himself. He's the one

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Speaker 6: that gave us our rights.

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Speaker 3: That's got.

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Speaker 6: Abraham Lincoln sad in the Gettysburg Address. We are dedicated

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Speaker 6: to this proposition, one nation under God, a government of

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Speaker 6: the people, by the people, for the people, shall not

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Speaker 6: perish from the earth. This is an experiment. It's only

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Speaker 6: two hundred and forty nine years, y'all. That's not a

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Speaker 6: long span of time in human history. It's just a

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Speaker 6: real blip on the whole scale of human history. It

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Speaker 6: is up to us to say it. It's up to

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Speaker 6: the duly elected representatives of the people to come here

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Speaker 6: and represent and it's up to every single one of us,

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Speaker 6: of the people, by the people, for the people, all

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Speaker 6: of us. So you've got to be engaged, and we

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Speaker 6: got to pass this along in the next generation. Reagan

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Speaker 6: reminded us freedom's not inherited in the bloodstream. It's got

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Speaker 6: to be protected, it's got to be bought for, it's

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Speaker 6: got to be taught to the next generation. So that

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Speaker 6: they will have the same liberty, opportunity and security that

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Speaker 6: we have all known and too often take it for granted.

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Speaker 6: So I just want to say, we're going to get

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Speaker 6: to the main event here. We're about to sign this

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Speaker 6: bill and get it over to the White House.

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Speaker 5: Okay, Speaker Johnson, making it clear that the Republican Party,

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Speaker 5: as slim as the majority as in the House, is

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Speaker 5: working together to deliver on all of these important issues.

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Speaker 5: As for the President of United States of America, he

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Speaker 5: couldn't be happier to deliver to the American people on

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Speaker 5: the fourth of July a massive bill that protects families

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Speaker 5: and allows.

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Speaker 2: You to keep more of your money in your own pocket.

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Speaker 4: Now, story number two.

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Speaker 5: It's amazing what happens when you get a real president

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Speaker 5: in the White House, the President Donald Trump in office.

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Speaker 5: The US economy is continuing to revitalize and grow. It's

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Speaker 5: no longer the fake numbers that we know were given

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Speaker 5: out by Joe Biden, where they just lied and made

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Speaker 5: up hundreds of thousands of jobs that never existed. Yeah,

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Speaker 5: we found out that they created nearly a million jobs

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Speaker 5: that didn't exist just to try to get them re elected.

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Speaker 5: Remember when they were talking about the build back better days. Yeah,

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Speaker 5: and Bidenomics, well, it was a disaster, but under Donald Trump.

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Speaker 5: The June job report showed another massive win for the

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Speaker 5: American people. It's once again exceeding expectations big time. Now,

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Speaker 5: the best part of all with all of that this

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Speaker 5: news is how the media is well having to deal

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Speaker 5: with it. Fox News dealt with it the appropriate way

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Speaker 5: by giving you good news. In fact, they made it

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Speaker 5: pretty short, just twenty six seconds when the numbers came

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Speaker 5: out about job growth.

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Speaker 2: Take a listen, it's a.

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Speaker 7: Fox News alert. The June jobs report just released and

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Speaker 7: it shows the US added one hundred and forty seven

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Speaker 7: thousand jobs last month. That is stronger than expected. Revisions

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Speaker 7: to April and May reports also show sixteen thousand more

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Speaker 7: jobs created than previously reported and the unemployment rate unexpectedly

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Speaker 7: falling to four point one percent. So a strong report. Guys,

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Speaker 7: that's good news heading into this holiday weekend.

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Speaker 5: Good news right heading into the weekend. Great way of

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Speaker 5: putting it. But what did they actually say at other

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Speaker 5: networks when they had to deal with the reality that

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Speaker 5: US job growth continued at a steady pace last month,

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Speaker 5: surprising many of the doom and gloom economists right, that

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Speaker 5: had actually predicted rooting against America and the president a

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Speaker 5: slowed down in hiring amid what they said was well

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Speaker 5: Donald Trump's insane trade war in his fiscal policy. Well,

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Speaker 5: here's how CNN had to report it to you. Enjoy it.

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Speaker 2: You expected some of this, but this is better than.

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Speaker 3: Expected, Yeah, Sarah, it is. Look, this jobs market is

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Speaker 3: like the energizer bunny. Every single time we expected to

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Speaker 3: run out of steam, it just keeps going and going.

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Speaker 3: So these new numbers show that the US economy added

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Speaker 3: one hundred and forty seven thousand jobs in June. That

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Speaker 3: was well ahead of the expectation of about one hundred

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Speaker 3: and eighteen thousand, well ahead of some whispers that we

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Speaker 3: heard on Wall Street of a sub one hundred thousand number.

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Speaker 3: So this is indeed beating expectations. We were also expecting

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Speaker 3: a slowdown, we did not get that. This is basically

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Speaker 3: in line with May, which was revised higher.

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Speaker 2: It's also good news.

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Speaker 3: The unemployment rate was expected to go up. It didn't.

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Speaker 3: It went down to four point one percent. That is

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Speaker 3: a very healthy number. This is still relatively his store low,

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Speaker 3: and again it's below the four point three percent that

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Speaker 3: we had expected.

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Speaker 2: You just got to laugh.

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Speaker 5: Even CNN, in their own words, says their quote, we

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Speaker 5: were expecting a slow down. We did not get that.

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Speaker 5: These numbers are what we got without passing the big

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Speaker 5: beautiful bill. So what does that mean? You could expect

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Speaker 5: the numbers to get even better now. CNN's John Bergman

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Speaker 5: was pained to tell his audience the predictions of the

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Speaker 5: job losses right, which means people are actually out of work,

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Speaker 5: that's terrible for families, and the inflation due to terror policy,

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Speaker 5: well they were wrong.

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Speaker 2: Here's how he described it again.

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Speaker 1: Since you know, March and before, there were predictions that

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Speaker 1: the terroriffs and I granted a lot of them have

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Speaker 1: been pulled back, most of them pulled back. But all

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Speaker 1: that terror of policy was going to lead perhaps to inflation,

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Speaker 1: would lead to job losses, predictions of doom.

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Speaker 2: That doom just hasn't happened yet.

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Speaker 8: It hasn't happened. And you know, John, I've been doing

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Speaker 8: a lot of reporting on this topic. What I'm hearing

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Speaker 8: is that for the last few year, really since COVID,

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Speaker 8: but even before, companies have realized that their supply chains

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Speaker 8: can be interrupted for lots of reasons. For a virus

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Speaker 8: for a geopolitical event, for a war, for a climate event.

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Speaker 8: And so they've been using technology to really streamline things.

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Speaker 8: They've been getting their their systems in place, and there's

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Speaker 8: just a lot more efficiency in the system now. In

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Speaker 8: some ways, I think this is a triumph of business

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Speaker 8: and how business has been optimizing.

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Speaker 6: Now.

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Speaker 8: That said, when we think about who's going to do

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Speaker 8: well in this period, it's going to be big businesses.

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Speaker 8: I am hearing that there's more pressure on small and

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Speaker 8: mid sized businesses that will be far less able to

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Speaker 8: cope with whatever tariff inflationary impact we do see. That

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Speaker 8: concerns me because small and mid sized businesses are what

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Speaker 8: fuels a lot of communities around the country. If you

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Speaker 8: see them going under because they can't take even a

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Speaker 8: little bit of teriff pressure that could have a job's impact.

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Speaker 8: So again, optimistic right now, but it's you know, there

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Speaker 8: are some issues on the horizon.

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Speaker 2: Still, don't worry.

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Speaker 5: We still have if you're doom and gloom for you

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Speaker 5: that you know it could be just around the corner.

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Speaker 5: Even though we got this one completely wrong, you gotta

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Speaker 5: wonder how much they really hate America when this is

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Speaker 5: the type of commentary you get, I mean this type

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Speaker 5: of commentary. It's truly incredible. You hear it, and they're

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Speaker 5: really not happy that more Americans are at work now

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Speaker 5: than we've seen in a long time.

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Speaker 2: Don't worry.

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Speaker 5: We've got President Donald Trump in the White House, Republicans

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Speaker 5: in charge in the Senate and the House, and that

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Speaker 5: should make everyone happy.

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Speaker 4: Thank you for listening to the forty seven Morning Update

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Speaker 4: with Ben Ferguson. Please make sure you hit subscribe wherever

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Speaker 4: you're listening to this podcast right now and for more

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Speaker 4: in depth news, also subscribe to the Ben Ferguson podcast

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Speaker 4: and we will see you back here tomorrow.