1 00:00:01,880 --> 00:00:04,560 Speaker 1: It's about three hundred million dollars. It's set to do 2 00:00:04,760 --> 00:00:08,240 Speaker 1: many many things, including meetings of foreign leaders, including the 3 00:00:08,320 --> 00:00:11,360 Speaker 1: honoring of foreign leaders, and it's being paid for one 4 00:00:11,440 --> 00:00:13,880 Speaker 1: hundred percent by me and some friends of mine donors 5 00:00:14,320 --> 00:00:16,960 Speaker 1: to it. The government's pangs absolutely not. 6 00:00:17,760 --> 00:00:21,919 Speaker 2: You're listening to the forty seven Morning Update with Ben Ferguson. 7 00:00:21,440 --> 00:00:23,480 Speaker 3: Good Thursday morning. It's signs to have you with us 8 00:00:23,480 --> 00:00:26,040 Speaker 3: on the forty seven Morning Update. Ben Ferguson with you, 9 00:00:26,120 --> 00:00:28,520 Speaker 3: and I can tell you there is one major story. 10 00:00:29,080 --> 00:00:33,000 Speaker 3: Democrats lie to you yet again, claiming Donald Trump would 11 00:00:33,040 --> 00:00:37,440 Speaker 3: never stand up to Vladimir Putin after their meeting in Alaska. 12 00:00:37,800 --> 00:00:41,199 Speaker 3: We now know that there are major Russian sanctions and 13 00:00:41,240 --> 00:00:46,360 Speaker 3: the President is returning peace through strength, showing Russia that 14 00:00:46,440 --> 00:00:48,960 Speaker 3: it's time to get a deal now or you're going 15 00:00:49,040 --> 00:00:51,599 Speaker 3: to be hurt economically. But first, I want to tell 16 00:00:51,600 --> 00:00:54,200 Speaker 3: you about our friends of her Patriot Mobile. Every so 17 00:00:54,360 --> 00:00:57,760 Speaker 3: often something happens that reminds us just how fragile our 18 00:00:57,800 --> 00:01:01,440 Speaker 3: freedoms are. 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Slash Ben forty seven or nine seven 45 00:02:39,560 --> 00:02:43,600 Speaker 3: to two Patriot and make the switch today. It's the 46 00:02:43,639 --> 00:02:46,840 Speaker 3: forty seven Morning Update and it starts right now. 47 00:02:47,080 --> 00:02:48,080 Speaker 2: Story number one. 48 00:02:48,240 --> 00:02:50,800 Speaker 3: It is very clear that President Donald Trump is a 49 00:02:50,919 --> 00:02:53,920 Speaker 3: man who is on a mission to have peace through 50 00:02:53,960 --> 00:02:58,240 Speaker 3: strength wherever he canon stop senseless wars. We've seen the 51 00:02:58,280 --> 00:03:00,240 Speaker 3: deal that he's done in the Middle East, and we 52 00:03:00,320 --> 00:03:03,880 Speaker 3: now know that he's turned towards what's happening in Russia 53 00:03:03,919 --> 00:03:08,120 Speaker 3: and Ukraine. Well, there has been some late developments and 54 00:03:08,160 --> 00:03:12,600 Speaker 3: the US has announced new sanctions the target Russia's two 55 00:03:13,360 --> 00:03:18,760 Speaker 3: largest oil companies, Rosneff and Luke Oil, including many of 56 00:03:18,800 --> 00:03:23,600 Speaker 3: their subsidiaries. These sanctions marked the first time in Trump's 57 00:03:23,600 --> 00:03:28,280 Speaker 3: second term that his administration has placed new sanctions on 58 00:03:28,360 --> 00:03:32,800 Speaker 3: Russia over the Ukraine War. So much for Russian collusion, 59 00:03:32,840 --> 00:03:36,080 Speaker 3: as the media lied to you about for years. The 60 00:03:36,200 --> 00:03:40,640 Speaker 3: US Treasury, through the Office of the Foreign Assets Control, 61 00:03:40,960 --> 00:03:44,920 Speaker 3: explicitly said the move is meant to degrade Russia's ability 62 00:03:45,480 --> 00:03:49,840 Speaker 3: to fund its war machine and hurt its economy, because 63 00:03:49,960 --> 00:03:52,600 Speaker 3: if you know what's going on in Russia, you know 64 00:03:52,640 --> 00:03:56,880 Speaker 3: they're barely staying alive economically because of the oil that 65 00:03:56,920 --> 00:03:57,600 Speaker 3: they're selling. 66 00:03:58,200 --> 00:03:58,360 Speaker 1: Now. 67 00:03:58,400 --> 00:04:02,520 Speaker 3: The announcement came shortly after a plan meeting between Donald 68 00:04:02,560 --> 00:04:08,280 Speaker 3: Trump and Russian President Vladimir Putin was canceled, signaling escalating 69 00:04:08,320 --> 00:04:12,400 Speaker 3: frustration by the White House and Donald Trump. He meant 70 00:04:12,440 --> 00:04:15,080 Speaker 3: it when he said it was time for peace. Now 71 00:04:15,120 --> 00:04:18,240 Speaker 3: Here are the implications and the likely effects of what 72 00:04:18,520 --> 00:04:22,039 Speaker 3: the President has just done. The economic pressure on Russia 73 00:04:22,160 --> 00:04:26,120 Speaker 3: is real because Russia's war is costing them a lot 74 00:04:26,240 --> 00:04:30,560 Speaker 3: of money, and by targeting Russia's biggest oil companies, the 75 00:04:30,680 --> 00:04:34,000 Speaker 3: US is going after one of the major revenue resources 76 00:04:34,000 --> 00:04:38,720 Speaker 3: that supports Russia's military and also is propping up its economy, 77 00:04:38,720 --> 00:04:42,520 Speaker 3: which is teetering. This could force Russia to either lower 78 00:04:42,560 --> 00:04:46,720 Speaker 3: the price of its oil, thus reducing revenue, or reduce 79 00:04:46,800 --> 00:04:51,600 Speaker 3: production and exports. Both of those options hurt its financial 80 00:04:51,640 --> 00:04:56,080 Speaker 3: stability and their ability to sustain large scale war for 81 00:04:56,200 --> 00:05:00,360 Speaker 3: a extended period of time. Now there's also pressure for 82 00:05:00,400 --> 00:05:05,640 Speaker 3: diplomacy and a ceasefire. The Treasury Secretary's Scott Descent said 83 00:05:05,640 --> 00:05:10,000 Speaker 3: the sanctions are meant to support peace efforts, saying quote, 84 00:05:10,440 --> 00:05:13,080 Speaker 3: now is the time to stop the killing and for 85 00:05:13,160 --> 00:05:17,560 Speaker 3: an immediate ceasefire. So the sanctions are being framed partly 86 00:05:17,640 --> 00:05:23,320 Speaker 3: as a lever for diplomacy, not just punishment. Russia has 87 00:05:23,400 --> 00:05:27,599 Speaker 3: deep trade and energy links with major buyers. This includes 88 00:05:27,880 --> 00:05:31,360 Speaker 3: India and China, who is taking a significant amount of 89 00:05:31,400 --> 00:05:35,279 Speaker 3: their oil that might not be fully impacted by the 90 00:05:35,400 --> 00:05:39,560 Speaker 3: US sanctions alone. Analysts say, we'll have to wait and see, 91 00:05:39,960 --> 00:05:43,360 Speaker 3: but what we do know is the sanctions depend heavily 92 00:05:43,920 --> 00:05:49,560 Speaker 3: on enforcement and also on US allies joining and coordinating 93 00:05:49,640 --> 00:05:53,640 Speaker 3: in the sanctioned effort. If other big buyers continue business, 94 00:05:54,000 --> 00:05:57,119 Speaker 3: the impact will be weaker than we need it to be, 95 00:05:57,760 --> 00:06:02,040 Speaker 3: and there are possible global markets effects as well, spikes 96 00:06:02,040 --> 00:06:05,880 Speaker 3: and all prices if Russia's supply is constrained. This is 97 00:06:05,960 --> 00:06:07,720 Speaker 3: part of the reason why the president said we need 98 00:06:07,760 --> 00:06:11,599 Speaker 3: to become energy independent, going back to Drill, Baby Drill. 99 00:06:12,240 --> 00:06:14,640 Speaker 3: The fact that this is the first new sanction in 100 00:06:14,680 --> 00:06:18,760 Speaker 3: Trump's second term also suggests there may have been internal 101 00:06:18,960 --> 00:06:23,440 Speaker 3: or strategic hesitations earlier on to give a chance also 102 00:06:23,600 --> 00:06:26,880 Speaker 3: for there to be real conversations that deal with peace. 103 00:06:27,320 --> 00:06:30,440 Speaker 3: It remains to be seen if the pressure will persist 104 00:06:30,720 --> 00:06:34,200 Speaker 3: or if Donald Trump plans on ratcheting up the pressure, 105 00:06:34,760 --> 00:06:38,640 Speaker 3: which brings me to the announcement Center. Mullen on the 106 00:06:38,680 --> 00:06:42,479 Speaker 3: new Russian sanction speaking with Jake Tapper on CNN, this 107 00:06:42,560 --> 00:06:44,600 Speaker 3: is what he had to say about the new move. 108 00:06:45,040 --> 00:06:47,800 Speaker 4: Do you think that there needs to be even harsher sanctions? 109 00:06:47,800 --> 00:06:51,800 Speaker 4: And the reason I ask is because obviously August fifteenth, 110 00:06:51,839 --> 00:06:56,400 Speaker 4: I believe it was, was the summit in Alaska where 111 00:06:56,520 --> 00:07:00,080 Speaker 4: President Trump was hoping that Vladimir Putin would agree to 112 00:07:00,160 --> 00:07:03,440 Speaker 4: any sort of ceasefire, and not only did he not 113 00:07:03,480 --> 00:07:07,760 Speaker 4: get a cease fire, Putin since the US literally rolled 114 00:07:07,800 --> 00:07:10,920 Speaker 4: out the carpet for him in the United States of 115 00:07:10,960 --> 00:07:15,440 Speaker 4: America on American land, Putin has upped the tenor of 116 00:07:15,520 --> 00:07:18,640 Speaker 4: the war. Some of the worst attacks on Ukraine have 117 00:07:18,720 --> 00:07:22,360 Speaker 4: happened since then. And I'm wondering if President Trump you 118 00:07:22,440 --> 00:07:24,320 Speaker 4: think needs to be even more aggressive. 119 00:07:24,800 --> 00:07:27,880 Speaker 5: Well, this is step one. The President and Congress has 120 00:07:27,920 --> 00:07:31,080 Speaker 5: talked multiple times what the next step might be. We 121 00:07:31,160 --> 00:07:33,880 Speaker 5: have been in briefed or we've been in briefings, we've 122 00:07:33,360 --> 00:07:38,360 Speaker 5: been in classified settings. This is literally the first step 123 00:07:38,960 --> 00:07:42,400 Speaker 5: to put more pressure on Russia. If we need to 124 00:07:42,640 --> 00:07:45,680 Speaker 5: I believe we probably will. I don't think Putin if 125 00:07:45,720 --> 00:07:47,560 Speaker 5: someone is going to pay attention the first time his 126 00:07:47,680 --> 00:07:49,600 Speaker 5: hand has slapped, I think you're going to see this 127 00:07:49,680 --> 00:07:52,280 Speaker 5: get ratcheted up farther and farther to the point to 128 00:07:52,280 --> 00:07:55,840 Speaker 5: where either we're going to bring them to their knees economically, 129 00:07:56,120 --> 00:07:58,640 Speaker 5: or they're going to decide that fighting the Ukraine isn't 130 00:07:58,640 --> 00:08:01,200 Speaker 5: worth it. At the same time, I wouldn't be surprised 131 00:08:01,240 --> 00:08:05,880 Speaker 5: if you start seeing us give the accessibility to new 132 00:08:05,920 --> 00:08:09,320 Speaker 5: weapons for Europe to buy for Ukraine to be able 133 00:08:09,360 --> 00:08:12,960 Speaker 5: to fight against Russia and their aggression in Ukraine. As 134 00:08:12,960 --> 00:08:15,960 Speaker 5: I said, Jake, this is just the first step. But 135 00:08:16,120 --> 00:08:18,280 Speaker 5: this is the first step of a lot of options 136 00:08:18,320 --> 00:08:19,280 Speaker 5: we have on the table. 137 00:08:20,200 --> 00:08:23,000 Speaker 3: It's very clear, as you could hear there from cinner Mullin, 138 00:08:23,280 --> 00:08:26,160 Speaker 3: that this is a new path forward. We tried to 139 00:08:26,200 --> 00:08:30,160 Speaker 3: have well diplomacy work, and obviously Vladimir Putin is not 140 00:08:30,280 --> 00:08:32,840 Speaker 3: working in that way. So as he described it, we 141 00:08:32,880 --> 00:08:35,959 Speaker 3: can bring them to their knees economically, or they can 142 00:08:36,000 --> 00:08:39,960 Speaker 3: decide that fighting Ukraine isn't worth it. It's the first 143 00:08:40,000 --> 00:08:43,400 Speaker 3: step of a lot of options we have on the table. 144 00:08:43,840 --> 00:08:47,240 Speaker 3: And there also seems to be real unity behind this idea, 145 00:08:47,360 --> 00:08:49,920 Speaker 3: as you know that Senators are behind it. But what 146 00:08:50,080 --> 00:08:54,040 Speaker 3: is the House side saying. Mike Johnson on the Russian sanctions. 147 00:08:54,559 --> 00:08:56,160 Speaker 3: Here's what he had to say as well. 148 00:08:56,559 --> 00:08:59,160 Speaker 5: Now, and thank you so much for being here, Speaker Johnson, 149 00:08:59,200 --> 00:09:01,199 Speaker 5: because you had said before that you thought sanctions on 150 00:09:01,280 --> 00:09:03,120 Speaker 5: Russia were long overdue. 151 00:09:03,160 --> 00:09:05,680 Speaker 6: In your words, do you think that these moves tonight 152 00:09:05,720 --> 00:09:08,640 Speaker 6: go far enough. Well, it's a very important step. We 153 00:09:08,679 --> 00:09:12,280 Speaker 6: applaud the president. He's returning peace through strength, and that's 154 00:09:12,679 --> 00:09:15,480 Speaker 6: a common theme now that we've seen exhibited around the globe, 155 00:09:15,640 --> 00:09:18,800 Speaker 6: the strength of his personality. You heard the UN Secretary General, 156 00:09:18,800 --> 00:09:21,160 Speaker 6: who you caught earlier this afternoon, he said, in his 157 00:09:21,200 --> 00:09:24,079 Speaker 6: own words, President Trump is the only figure on the 158 00:09:24,120 --> 00:09:27,360 Speaker 6: planet strong enough to help bring an end of that war. 159 00:09:27,480 --> 00:09:30,680 Speaker 6: And you have to compel Russia to engage in the 160 00:09:30,679 --> 00:09:32,960 Speaker 6: peace process. They've shown they cannot be trusted. 161 00:09:33,200 --> 00:09:33,920 Speaker 4: There's a big. 162 00:09:33,760 --> 00:09:36,400 Speaker 6: Appetite in Congress to have sanctions like this, and I 163 00:09:36,440 --> 00:09:37,640 Speaker 6: think it's a very important step. 164 00:09:38,640 --> 00:09:42,240 Speaker 3: Yet again, you see unity between Republicans and the Senate, 165 00:09:42,400 --> 00:09:45,040 Speaker 3: Republicans in the House and the President of the United 166 00:09:45,040 --> 00:09:48,480 Speaker 3: States of America, which brings us back to what Trump 167 00:09:48,520 --> 00:09:51,800 Speaker 3: has now said about these new sanctions. Trump said of 168 00:09:51,840 --> 00:09:55,400 Speaker 3: the sanctions, quote, it was time. He described the sanction 169 00:09:55,600 --> 00:09:59,800 Speaker 3: on Russia's oil giants as very big and tremendous. During 170 00:09:59,760 --> 00:10:04,000 Speaker 3: a meeting with the NATO Secretary General, he expressed that 171 00:10:04,160 --> 00:10:07,760 Speaker 3: the meeting with Putin was canceled because it didn't feel 172 00:10:07,840 --> 00:10:10,840 Speaker 3: right to me. It didn't feel like we were going 173 00:10:10,880 --> 00:10:14,480 Speaker 3: to get to the place we have to get. Earlier 174 00:10:14,520 --> 00:10:19,400 Speaker 3: this year, Trump threatened tariffs and secondary sanctions if Russia 175 00:10:19,440 --> 00:10:22,520 Speaker 3: did not agree to a cease fire. For example, he 176 00:10:22,520 --> 00:10:25,120 Speaker 3: said he might impose a twenty five to fifty percent 177 00:10:25,200 --> 00:10:30,080 Speaker 3: tariff on oil from Russia on countries buying Russian oil. 178 00:10:30,840 --> 00:10:35,200 Speaker 3: Trump also expressed frustration with Vladimir Putin, saying, quote, we 179 00:10:35,280 --> 00:10:38,400 Speaker 3: get a lot of bull blank thrown at us by Putin. 180 00:10:38,800 --> 00:10:42,240 Speaker 3: We want a deal, but we weren't seeing it. The 181 00:10:42,280 --> 00:10:47,280 Speaker 3: president also has backing the majority of Republicans support additional 182 00:10:47,320 --> 00:10:52,160 Speaker 3: economic sanctions on Russia. For example, a recent poll shows 183 00:10:52,320 --> 00:10:57,760 Speaker 3: eighty six percent of Republicans back further sanctions to force 184 00:10:57,800 --> 00:11:02,240 Speaker 3: an end to the war. Now, some Republicans, including those 185 00:11:02,280 --> 00:11:05,560 Speaker 3: in the White House, had also delayed pushing for sanction 186 00:11:05,760 --> 00:11:11,120 Speaker 3: legislation until a possible Trump Putin meeting, indicating hesitation that 187 00:11:11,240 --> 00:11:14,000 Speaker 3: if they did put the sanctions on beforehand, it could 188 00:11:14,040 --> 00:11:17,520 Speaker 3: actually hurt the talks. But now the President has made 189 00:11:17,520 --> 00:11:20,480 Speaker 3: it clear there's a shift, and it suggests that Trump 190 00:11:20,600 --> 00:11:26,040 Speaker 3: administration is moving or being pushed by conservatives for a 191 00:11:26,160 --> 00:11:30,959 Speaker 3: tougher stance on Russia that perhaps was not there weeks ago. 192 00:11:31,440 --> 00:11:35,400 Speaker 3: It also signals to Russia and to buyers of Russian 193 00:11:35,520 --> 00:11:39,480 Speaker 3: energy that the US is united and willing to escalate 194 00:11:39,600 --> 00:11:45,320 Speaker 3: economic tools, not just diplomacy, And for allies, the US 195 00:11:45,440 --> 00:11:50,559 Speaker 3: is implicitly inviting coordination. The Treasury statement, we encourage quote 196 00:11:50,559 --> 00:11:54,959 Speaker 3: our allies to join us, signaling that other countries may 197 00:11:55,000 --> 00:11:57,760 Speaker 3: want to do the exact same thing in their country 198 00:11:57,880 --> 00:12:01,840 Speaker 3: that America is doing right now. And finally, for Ukraine, 199 00:12:02,280 --> 00:12:05,720 Speaker 3: it may increase leverage by pressuring Russia, but it does 200 00:12:05,720 --> 00:12:08,880 Speaker 3: not automatically guarantee a cease fire or an end to 201 00:12:08,960 --> 00:12:11,960 Speaker 3: the war. When you're dealing with someone like Vladimir Putin, 202 00:12:12,080 --> 00:12:14,960 Speaker 3: who doesn't even care about his own people, this could 203 00:12:15,040 --> 00:12:18,600 Speaker 3: drag on. But for the global energy and trade flow 204 00:12:19,000 --> 00:12:22,040 Speaker 3: targeting Russia's oil sector, as President Trump has decided to 205 00:12:22,080 --> 00:12:27,600 Speaker 3: do can affect global markets and hurt Russia significantly, which 206 00:12:27,640 --> 00:12:30,560 Speaker 3: is exactly why the President of United States of America 207 00:12:30,640 --> 00:12:34,000 Speaker 3: is leading in this way. We also know that the 208 00:12:34,120 --> 00:12:38,320 Speaker 3: US will follow up with more sanctions Russian banks, on 209 00:12:38,559 --> 00:12:43,079 Speaker 3: buyers of Russian energy or shipping in transport to deepen 210 00:12:43,120 --> 00:12:45,959 Speaker 3: the pressure. There's a very good chance that is going 211 00:12:46,040 --> 00:12:49,400 Speaker 3: to be needed. And then what will happen to Russian 212 00:12:49,440 --> 00:12:53,160 Speaker 3: oil buyers like China and India? How will they respond. 213 00:12:53,600 --> 00:12:55,560 Speaker 3: What we do know now is this is a new 214 00:12:55,640 --> 00:13:00,880 Speaker 3: pathway in negotiations with President Trump and Vladimir Putin, and 215 00:13:01,000 --> 00:13:04,400 Speaker 3: it's clear Donald Trump isn't messing around. 216 00:13:04,640 --> 00:13:07,320 Speaker 2: Thank you for listening to the forty seven Morning Update 217 00:13:07,480 --> 00:13:11,560 Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever 218 00:13:11,600 --> 00:13:14,640 Speaker 2: you're listening to this podcast right now and for more 219 00:13:14,679 --> 00:13:18,440 Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast 220 00:13:18,679 --> 00:13:21,640 Speaker 2: and we will see you back here tomorrow.