1 00:00:01,160 --> 00:00:03,120 Speaker 1: Well, come in is the Ben Ferguson Show. It is 2 00:00:03,240 --> 00:00:05,600 Speaker 1: nice to have you with us. I was planning on 3 00:00:05,720 --> 00:00:09,440 Speaker 1: being on family vacation and just taking some time off 4 00:00:09,480 --> 00:00:12,360 Speaker 1: for the next week, but with so many things happening 5 00:00:12,400 --> 00:00:14,800 Speaker 1: in the world, we're deciding we're not going to be 6 00:00:14,840 --> 00:00:16,760 Speaker 1: doing that. So what we're going to be doing instead 7 00:00:17,320 --> 00:00:19,080 Speaker 1: is I'm going to be doing a hybrid with this 8 00:00:19,160 --> 00:00:22,160 Speaker 1: show and the forty seven Morning Update. It's that show 9 00:00:22,160 --> 00:00:24,279 Speaker 1: that I do every morning that's about ten to twelve 10 00:00:24,280 --> 00:00:27,319 Speaker 1: minutes long, three biggest stories of the day coming out 11 00:00:27,360 --> 00:00:29,480 Speaker 1: of the White House or that affect the White House. 12 00:00:29,800 --> 00:00:32,279 Speaker 1: So for the next few days, that is what you're 13 00:00:32,320 --> 00:00:33,839 Speaker 1: going to be hearing here, and I just want to 14 00:00:33,880 --> 00:00:36,440 Speaker 1: make sure that you knew that on the front end. 15 00:00:36,840 --> 00:00:40,320 Speaker 1: But first, right now, all of us our help is 16 00:00:40,400 --> 00:00:43,120 Speaker 1: needed with the people that are under attack in Israel. 17 00:00:43,280 --> 00:00:45,839 Speaker 1: We know that Israel is at war with Iran, a 18 00:00:46,000 --> 00:00:48,479 Speaker 1: nation that is vowed to wipe Israel and even the 19 00:00:48,560 --> 00:00:52,360 Speaker 1: United States of America off the map. In a necessary 20 00:00:52,520 --> 00:00:57,440 Speaker 1: act of self defense, Israel struck Iranian nuclear facilities, military targets, 21 00:00:57,680 --> 00:01:01,520 Speaker 1: and their top leadership. And right now, the International Fellowship 22 00:01:01,560 --> 00:01:04,919 Speaker 1: of Christians and Jews is on the ground preparing large 23 00:01:04,920 --> 00:01:10,000 Speaker 1: scale distributions of life saving food, First DAID and emergency kits, 24 00:01:10,120 --> 00:01:15,720 Speaker 1: especially to Israel's most vulnerable people, the sick, the elderly, children, 25 00:01:15,760 --> 00:01:19,000 Speaker 1: and families that are in great need. The Fellowship is 26 00:01:19,200 --> 00:01:23,039 Speaker 1: also making sure that hospitals, emergency rooms and shelters are 27 00:01:23,040 --> 00:01:27,480 Speaker 1: fully stocked with critical and life saving medical supplies. But 28 00:01:27,600 --> 00:01:31,240 Speaker 1: the Fellowship needs your most generous gift today to make 29 00:01:31,319 --> 00:01:34,880 Speaker 1: this work possible. If you want to stand with the 30 00:01:34,959 --> 00:01:37,640 Speaker 1: people in Israel and you want to bless them and 31 00:01:37,760 --> 00:01:40,800 Speaker 1: support them as they are under attack, now is your 32 00:01:40,840 --> 00:01:44,200 Speaker 1: time to stand with those that are the most vulnerable 33 00:01:44,440 --> 00:01:48,520 Speaker 1: in Israel. You can call them and give your donation 34 00:01:48,760 --> 00:01:52,720 Speaker 1: right now to have an impact virtually instantly on what's 35 00:01:52,760 --> 00:01:57,960 Speaker 1: going on eight to eight for eight eight IFCJ that's 36 00:01:58,120 --> 00:02:03,800 Speaker 1: eight eight eight eight eight IFCJ. You can also go 37 00:02:03,880 --> 00:02:10,040 Speaker 1: online and give it IFCJ dot org. That's IFCJ dot org. 38 00:02:10,440 --> 00:02:13,760 Speaker 1: It's the forty seven Morning Update and it starts right now. 39 00:02:14,840 --> 00:02:17,399 Speaker 1: This is the forty seven Morning Update, the new show. 40 00:02:17,440 --> 00:02:19,680 Speaker 1: I do hit subscribe auto download to it as well, 41 00:02:19,760 --> 00:02:21,919 Speaker 1: and yeah, take a listen to the big stories of 42 00:02:21,960 --> 00:02:25,480 Speaker 1: the day and will not allow Ice to arrest criminal 43 00:02:25,480 --> 00:02:28,840 Speaker 1: aliens in New York City. Your message to communists or 44 00:02:28,840 --> 00:02:31,640 Speaker 1: Han Mondani, well, then we'll have to arrest him. Look, 45 00:02:31,960 --> 00:02:34,120 Speaker 1: we don't need a communist in this country, but if 46 00:02:34,120 --> 00:02:35,680 Speaker 1: we have one, I'm going to be watching over them 47 00:02:35,760 --> 00:02:37,560 Speaker 1: very carefully. On behalf of the nation. 48 00:02:37,840 --> 00:02:42,000 Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson. 49 00:02:41,520 --> 00:02:44,240 Speaker 1: Good Thursday morning. So nice to have you with us 50 00:02:44,240 --> 00:02:47,120 Speaker 1: on the forty seven Morning Update. And here are the 51 00:02:47,200 --> 00:02:49,840 Speaker 1: two big stories coming out of the White House that 52 00:02:49,919 --> 00:02:53,000 Speaker 1: you need to know about. First up, as you're listening 53 00:02:53,080 --> 00:02:56,000 Speaker 1: right now, it may have become a reality that the 54 00:02:56,040 --> 00:02:59,440 Speaker 1: White House has got the passage of Trump's Big Beautiful 55 00:02:59,480 --> 00:03:03,160 Speaker 1: Bill out of the House after getting a massive victory 56 00:03:03,240 --> 00:03:06,600 Speaker 1: in the Senate. As I'm recording this at basically one 57 00:03:06,639 --> 00:03:09,839 Speaker 1: am right now, Speaker of the House is saying we're 58 00:03:09,919 --> 00:03:13,440 Speaker 1: looking to get it done within hours. We'll have the 59 00:03:13,480 --> 00:03:16,760 Speaker 1: details on that for you as well. Now the President 60 00:03:16,840 --> 00:03:19,800 Speaker 1: isn't done there when it comes to helping you the 61 00:03:19,880 --> 00:03:23,560 Speaker 1: American taxpayer. We also now know that the President saying 62 00:03:23,560 --> 00:03:26,800 Speaker 1: it's time for the FED Chair Jerome Powell to be gone, 63 00:03:26,919 --> 00:03:30,280 Speaker 1: to resign and he's got two or three choices to 64 00:03:30,400 --> 00:03:35,160 Speaker 1: replace the FED chairman, which could save Americans literally trillions 65 00:03:35,160 --> 00:03:38,840 Speaker 1: of dollars in interest. I'll give you those details in 66 00:03:38,880 --> 00:03:41,680 Speaker 1: a moment. It's the forty seven Morning Update, and it 67 00:03:41,840 --> 00:03:43,000 Speaker 1: starts right now. 68 00:03:43,240 --> 00:03:44,240 Speaker 2: Story number one. 69 00:03:44,360 --> 00:03:46,840 Speaker 1: I just got off the phone moments ago with people 70 00:03:46,880 --> 00:03:49,240 Speaker 1: on Capitol Hill who are telling me that by the 71 00:03:49,280 --> 00:03:52,400 Speaker 1: time you hear this, there's a very good chance that 72 00:03:52,480 --> 00:03:55,560 Speaker 1: the Big Beautiful Bill will have already passed the House 73 00:03:55,600 --> 00:03:58,360 Speaker 1: of Representatives. Now I'm talking to you right now a 74 00:03:58,400 --> 00:04:01,600 Speaker 1: little after midnight, and what I am being told is 75 00:04:01,640 --> 00:04:04,160 Speaker 1: that the Speaker says we're going to get it done, 76 00:04:04,520 --> 00:04:07,200 Speaker 1: and that means the President Donald Trump can do what 77 00:04:07,240 --> 00:04:10,880 Speaker 1: he wanted to do, sign this by July fourth. The 78 00:04:10,920 --> 00:04:14,360 Speaker 1: White House saying they're closing in on the House passage 79 00:04:14,360 --> 00:04:17,239 Speaker 1: of Trump's Big Beautiful Bill as well at this hour 80 00:04:17,800 --> 00:04:20,599 Speaker 1: is I just spoke with someone within the White House 81 00:04:20,600 --> 00:04:24,040 Speaker 1: staff that says we are very close to this becoming 82 00:04:24,040 --> 00:04:27,520 Speaker 1: a reality. The White House indicating that it is making 83 00:04:27,640 --> 00:04:32,680 Speaker 1: major progress, closing in on the present's top priority and 84 00:04:32,800 --> 00:04:37,640 Speaker 1: getting it quote to his desk by Independence Day. We 85 00:04:37,760 --> 00:04:42,599 Speaker 1: also know that Representative Ralph Norman, the Republican from South Carolina, 86 00:04:42,640 --> 00:04:46,000 Speaker 1: had suggested quote that the White House is making progress 87 00:04:46,080 --> 00:04:49,120 Speaker 1: closing the deal on the Trump backed bill, saying, quote 88 00:04:49,640 --> 00:04:53,600 Speaker 1: the White House enlightened many Republican holdouts on how it's 89 00:04:53,720 --> 00:04:58,560 Speaker 1: implementation of the Big Beautiful Bill would accomplish what they want, 90 00:04:58,920 --> 00:05:02,000 Speaker 1: but wouldn't give spec pa cifix moving forward as they're 91 00:05:02,000 --> 00:05:04,640 Speaker 1: trying to keep things quiet and not be fought within 92 00:05:04,680 --> 00:05:09,600 Speaker 1: the media. Meredith Lee Hill, a congressional reporter also with Politico, 93 00:05:09,800 --> 00:05:13,440 Speaker 1: is reporting the House Speaker Mike Johnson had stated that 94 00:05:13,480 --> 00:05:15,919 Speaker 1: the House of Representatives was going to get the bill 95 00:05:16,000 --> 00:05:20,320 Speaker 1: there quote unquote tonight, adding that they were working on 96 00:05:20,400 --> 00:05:24,480 Speaker 1: it and very very positive about the progress that's being made. 97 00:05:25,160 --> 00:05:30,000 Speaker 1: Representative Andy Harris, a Republican from Maryland, also indicated that 98 00:05:30,080 --> 00:05:33,680 Speaker 1: it was quote a possibility that the House would still 99 00:05:33,800 --> 00:05:38,120 Speaker 1: vote today on the bill. That according to another congressional 100 00:05:38,160 --> 00:05:41,880 Speaker 1: reporter for punch Bowl News, So you put all of 101 00:05:41,920 --> 00:05:45,280 Speaker 1: this together, and what the reality now is is that 102 00:05:45,320 --> 00:05:49,360 Speaker 1: Trump could be within hours of having his Big Beautiful 103 00:05:49,360 --> 00:05:53,640 Speaker 1: Bill passed, after he successfully secured the Senate passage of 104 00:05:53,680 --> 00:05:56,920 Speaker 1: the bill on Tuesday after an all night amendment voter 105 00:05:57,080 --> 00:06:01,400 Speaker 1: rama which lasted a record twenty have an hour, something 106 00:06:01,440 --> 00:06:04,240 Speaker 1: we covered on the show as well yesterday. We know 107 00:06:04,360 --> 00:06:07,480 Speaker 1: that the President was thrilled to secure the Senate passage 108 00:06:07,480 --> 00:06:10,440 Speaker 1: of the bill after that all non amendment voter rama, 109 00:06:10,839 --> 00:06:14,120 Speaker 1: and he was happy that Vice President jd Vance was 110 00:06:14,160 --> 00:06:17,680 Speaker 1: able to cast that tie breaking vote in a victory 111 00:06:17,800 --> 00:06:21,800 Speaker 1: for Trump that was well, so close but also so 112 00:06:22,000 --> 00:06:26,039 Speaker 1: sweet and as good as it gets right now in Washington, DC. 113 00:06:26,720 --> 00:06:31,160 Speaker 1: So here we are after midnight, and the reality is 114 00:06:31,800 --> 00:06:36,600 Speaker 1: President Donald Trump is delivering on his biggest campaign promise 115 00:06:36,720 --> 00:06:40,840 Speaker 1: to date. We also know this the President is also 116 00:06:40,960 --> 00:06:44,159 Speaker 1: moving on to other major issues now. 117 00:06:44,200 --> 00:06:45,120 Speaker 2: Story number two. 118 00:06:45,400 --> 00:06:49,719 Speaker 1: Donald Trump is calling for the FED chair Powell to 119 00:06:49,920 --> 00:06:54,719 Speaker 1: quit quote immediately. Trump is ramping up the pressure on Powell, 120 00:06:54,960 --> 00:06:59,240 Speaker 1: urging lower interest rates against the Federal Reserve chairs continued 121 00:06:59,360 --> 00:07:03,200 Speaker 1: opposition the president, making it clear that it's time for 122 00:07:03,320 --> 00:07:06,760 Speaker 1: him to quote resign. In a true Social post on 123 00:07:06,839 --> 00:07:10,720 Speaker 1: Wednesday in the late afternoon, Trump said too late, should 124 00:07:10,800 --> 00:07:14,920 Speaker 1: resign immediately. He also linked to a Bloomberg story headline 125 00:07:15,000 --> 00:07:19,600 Speaker 1: that says FED chair should be investigated by Congress. The 126 00:07:19,960 --> 00:07:25,160 Speaker 1: FHSA head is now saying Powell was nominated by Trump 127 00:07:25,200 --> 00:07:28,400 Speaker 1: to lead the Fed during the first administration. Joe Biden, 128 00:07:28,440 --> 00:07:31,920 Speaker 1: who succeeded Trump as President, nominated him for a second term. 129 00:07:32,240 --> 00:07:34,600 Speaker 1: His tenure as the FED chair is set to end 130 00:07:35,120 --> 00:07:39,960 Speaker 1: May of twenty twenty six, and Trump is ramping up pressure, 131 00:07:40,040 --> 00:07:43,360 Speaker 1: saying I don't want to wait on Jerome Powell's tenure 132 00:07:43,600 --> 00:07:47,200 Speaker 1: to end, issuing a call for lower interest rates against 133 00:07:47,200 --> 00:07:52,080 Speaker 1: the Federal Reserve Chair and continued opposition and calling out 134 00:07:52,160 --> 00:07:57,600 Speaker 1: the failure of the Fed's monetary policy. For instance, earlier 135 00:07:57,640 --> 00:08:01,760 Speaker 1: this week, Donald Trump posted this, Jerome too late. Powell 136 00:08:02,160 --> 00:08:05,320 Speaker 1: and his entire board should be ashamed of themselves for 137 00:08:05,440 --> 00:08:08,080 Speaker 1: allowing this to happen in the United States of America. 138 00:08:08,440 --> 00:08:12,080 Speaker 1: They have one of the easiest yet most prestigious jobs 139 00:08:12,120 --> 00:08:15,720 Speaker 1: in America, and they've failed, and they continue to do so, 140 00:08:16,160 --> 00:08:19,360 Speaker 1: saying this, If they were doing their job properly, our 141 00:08:19,400 --> 00:08:23,600 Speaker 1: country would be saving trillions of dollars in interest costs. 142 00:08:23,800 --> 00:08:26,960 Speaker 1: The board just sits there and watches, so they are 143 00:08:27,040 --> 00:08:30,360 Speaker 1: equally to blame. We should be paying one percent interest 144 00:08:30,480 --> 00:08:33,520 Speaker 1: or better now. The post preceded Trump's SONI a letter 145 00:08:33,559 --> 00:08:36,080 Speaker 1: to Powell urging him to lower interest rates. The White 146 00:08:36,080 --> 00:08:40,080 Speaker 1: House Press Secretary Caroline Levitt told reporters on Monday. Pallis 147 00:08:40,120 --> 00:08:43,400 Speaker 1: stated that the Fed's decision to hold off on dropping 148 00:08:43,760 --> 00:08:47,800 Speaker 1: your interest rates owes much to concern about the possible 149 00:08:47,920 --> 00:08:52,719 Speaker 1: impacts of quote tariffs on inflation that coming from CBS 150 00:08:52,720 --> 00:08:55,600 Speaker 1: News Now reports say he's waiting to see how the 151 00:08:55,600 --> 00:08:59,280 Speaker 1: Trump tearor policy quote plays out and what it ultimately 152 00:08:59,320 --> 00:09:03,400 Speaker 1: does to the u US economy before making interest rate adjustments. 153 00:09:03,720 --> 00:09:08,679 Speaker 1: Powell has specifically said he wants to see longer term impacts, 154 00:09:08,760 --> 00:09:12,600 Speaker 1: if any, on consumer pricing. So I tell you that 155 00:09:12,800 --> 00:09:15,520 Speaker 1: story to just make it very clear there could be 156 00:09:15,520 --> 00:09:18,680 Speaker 1: some big changes coming very soon. But it also tells 157 00:09:18,720 --> 00:09:21,600 Speaker 1: you about the confidence that the President has that by 158 00:09:21,640 --> 00:09:24,280 Speaker 1: the time many of you hear this, he will already 159 00:09:24,320 --> 00:09:27,760 Speaker 1: have the biggest tax cut that we've seen in our 160 00:09:27,880 --> 00:09:31,840 Speaker 1: lifetime and turning it into a reality. So what does 161 00:09:31,880 --> 00:09:35,000 Speaker 1: that mean moving forward, Well, it means we could see 162 00:09:35,000 --> 00:09:39,240 Speaker 1: some pretty big changes here the present, even moving forward 163 00:09:39,280 --> 00:09:41,600 Speaker 1: to say there are quote two or three choices to 164 00:09:41,679 --> 00:09:45,960 Speaker 1: replace the FED chairman and saying on Tuesday, yes, I'm 165 00:09:46,000 --> 00:09:49,080 Speaker 1: ready to go. When asked to board Air Force one, 166 00:09:49,280 --> 00:09:51,640 Speaker 1: whether he has a top choice to succeed your own 167 00:09:51,679 --> 00:09:55,760 Speaker 1: Pale Trump said exactly this, I have two or three 168 00:09:55,840 --> 00:09:59,920 Speaker 1: top choices. He declined to give any further information, yet 169 00:10:00,080 --> 00:10:02,959 Speaker 1: again showing how much Donald Trump's ready to move on. 170 00:10:03,440 --> 00:10:06,200 Speaker 1: We also know that The Wall Street Journal reported last 171 00:10:06,200 --> 00:10:09,960 Speaker 1: week that Trump is considering the former Fed Governor Kevin 172 00:10:10,040 --> 00:10:16,560 Speaker 1: Walsh and National Economic Council Director Kevin Hassett as replacements. Also, 173 00:10:16,800 --> 00:10:20,240 Speaker 1: Treasury Secretary of Scott Descent is also being pitched as 174 00:10:20,240 --> 00:10:24,200 Speaker 1: a potential candidate. That according the Wall Street Journal, which 175 00:10:24,240 --> 00:10:29,200 Speaker 1: also listed former World Bank President and FED Governor Christopher 176 00:10:29,240 --> 00:10:33,199 Speaker 1: Waller as potential nominees. Now a courting the Wall Street Journal, 177 00:10:33,240 --> 00:10:36,520 Speaker 1: Trump is toyed with the idea of selecting and announcing 178 00:10:36,520 --> 00:10:41,040 Speaker 1: a replacement as early as September or October. However, Thescent 179 00:10:41,160 --> 00:10:44,280 Speaker 1: told Bloomberg TV on Monday that the Trump administration is 180 00:10:44,320 --> 00:10:47,640 Speaker 1: considering using the next expected Federal Reserve Board of Governors 181 00:10:47,720 --> 00:10:52,440 Speaker 1: vacancy in early twenty twenty six to appoint a successor. Now. 182 00:10:52,440 --> 00:10:55,160 Speaker 1: Since returning to the White House in January, Trump has 183 00:10:55,200 --> 00:10:59,240 Speaker 1: criticized Powell, as well as other Fed governors, for declining 184 00:10:59,559 --> 00:11:02,800 Speaker 1: not to lower interest rates, which are currently in the 185 00:11:02,840 --> 00:11:05,680 Speaker 1: four point twenty five to four point five to zero range. 186 00:11:06,120 --> 00:11:10,559 Speaker 1: FED chairs have long seen as insulated from presidential dismissal 187 00:11:10,640 --> 00:11:15,240 Speaker 1: for reasons other than malfeasan's or misconduct. That Trump is 188 00:11:15,280 --> 00:11:19,120 Speaker 1: threatened to test the legal premise with frequent threats to 189 00:11:19,320 --> 00:11:23,679 Speaker 1: fire Jerome Powell. Now Supreme Court ruling in May by 190 00:11:23,720 --> 00:11:27,520 Speaker 1: the way, he's concerns that Trump could fire Powell, as 191 00:11:27,600 --> 00:11:32,400 Speaker 1: the Justice called the FED quote a uniquely structured quasi 192 00:11:32,640 --> 00:11:37,000 Speaker 1: private entity. So that leaves us at this point where 193 00:11:37,000 --> 00:11:40,200 Speaker 1: the president's clearly saying he believes Jerome Powell and his 194 00:11:40,400 --> 00:11:43,040 Speaker 1: board are the wrong people for the job, and he 195 00:11:43,120 --> 00:11:46,200 Speaker 1: wants to move as quickly as possible to move the 196 00:11:46,280 --> 00:11:49,160 Speaker 1: country in the right direction. He also has made it 197 00:11:49,200 --> 00:11:53,960 Speaker 1: clear that lower interest rates save you countless dollars in interests, 198 00:11:54,240 --> 00:11:58,280 Speaker 1: something that's good he believes for the economy. So if 199 00:11:58,280 --> 00:12:00,560 Speaker 1: you want to know what's happening right now at the 200 00:12:00,600 --> 00:12:04,240 Speaker 1: White House, it's pretty clear the present's getting ready for 201 00:12:04,320 --> 00:12:07,960 Speaker 1: a very big Fourth of July celebration, and it's one 202 00:12:08,000 --> 00:12:11,440 Speaker 1: that is going to give you a huge advantage in 203 00:12:11,480 --> 00:12:15,120 Speaker 1: your pocket book. And he's not done there. He's also 204 00:12:15,200 --> 00:12:18,560 Speaker 1: now looking to lower interest rates for you as well, 205 00:12:19,040 --> 00:12:22,240 Speaker 1: and that is exactly what the America First Agenda that 206 00:12:22,360 --> 00:12:25,440 Speaker 1: Donald Trump promised you looks like as we go into 207 00:12:25,440 --> 00:12:26,200 Speaker 1: the fourth of July. 208 00:12:26,520 --> 00:12:29,200 Speaker 2: Thank you for listening to the forty seven Morning Update 209 00:12:29,360 --> 00:12:33,440 Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever 210 00:12:33,480 --> 00:12:36,520 Speaker 2: you're listening to this podcast right now and for more 211 00:12:36,559 --> 00:12:40,320 Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast 212 00:12:40,559 --> 00:12:42,880 Speaker 2: and we will see you back here tomorrow. 213 00:12:42,920 --> 00:12:45,760 Speaker 1: Make sure you share this podcast with your family and friends, 214 00:12:45,760 --> 00:12:48,840 Speaker 1: put up on social media wherever you are, and we 215 00:12:48,920 --> 00:12:51,960 Speaker 1: appreciate you listening every day. We'll see you back here tomorrow.