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Speaker 1: Thrilled to sign the VA Home Loan Program reformat into law.

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Speaker 1: This legislation provides desperately needed relief to veterans and their

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Speaker 1: families who have fallen behind and their mortgages. It helps

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Speaker 1: keep our promise to end veterans homelessness, and we're going

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Speaker 1: to do that for America. We're going to do that

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Speaker 1: for a great veterans.

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Speaker 2: If you're listening to the forty seven Morning Update with

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Speaker 2: Ben ferguson.

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Speaker 3: Good Thursday morning, it's so nice to have you with

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Speaker 3: us on the forty seven Morning Update, and we've got

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Speaker 3: one big story for you. Donald Trump at the White

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Speaker 3: House today calling out Nancy Pelosi for becoming rich by

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Speaker 3: having inside trading information, President saying, quote, she made a

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Speaker 3: fortune with her husband, and I think it's disgraceful. Well,

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Speaker 3: Nancy Pelosi also firing back and becoming very irritated in

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Speaker 3: seeing an interview. I've got it all for you, but

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

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Speaker 3: Story number one, President Donald Trump coming out swinging, calling

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Speaker 3: for a Pelosi investigation over insider trading and describing what

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Speaker 3: she has done is nothing less than disgraceful. President Donald

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Speaker 3: Trump calling for an investigation based on the facts. Why well,

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Speaker 3: he was asked about a build a band stock trading

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Speaker 3: among members of Congress. I want you to put this

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Speaker 3: into perspective of what has been reported on so you

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Speaker 3: understand the outrage here. Nancy Pelosi's current government salaries one

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Speaker 3: hundred and seventy four thousand dollars a year. Now, that's

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Speaker 3: standard pay for rank and file members of Congress. There's

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Speaker 3: other roles that may get her more money when she

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Speaker 3: was a speaker, for example, or a party leadership. But

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Speaker 3: if you look at her net worth, here is what

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Speaker 3: we know. Open Secrets, for example, estimates Nancy Pelosi's net

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Speaker 3: worth back in twenty eighteen to be one hundred and

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Speaker 3: fourteen point seven million. Now, as of mid twenty twenty four,

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Speaker 3: Investotopia estimated the couple's net worth at over two hundred

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Speaker 3: and forty million, with substantial holdings and tech stocks and

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Speaker 3: real estate forty five million alone in property, all of

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Speaker 3: this off of one hundred and seventy four thousand change

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Speaker 3: a year.

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Speaker 5: Now.

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Speaker 3: More recently, there have been new estimates. As of June one,

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Speaker 3: for example, there was a new estimate that their net

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Speaker 3: worth was well over two hundred and sixty million, including

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Speaker 3: about one hundred and twenty seven million in publicly tracked equities.

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Speaker 3: And then you look at twenty twenty four financial disclosures

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Speaker 3: show that Paul Pelosi, that's the husband of Nancy Pelosi,

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Speaker 3: earned and this is a big range between seven point

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Speaker 3: eight million and forty two point five million in twenty

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Speaker 3: twenty four alone from stock trades, boosting their estimated net

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Speaker 3: worth to as much as four one hundred and thirteen million,

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Speaker 3: a figure that's been cited by many outlets, including The Times.

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Speaker 3: Here's the other thing that you should know before I

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Speaker 3: let you hear from the President. Nancy Pelosi and her

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Speaker 3: husband's portfolio reportedly delivered a fifty four percent return in

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Speaker 3: twenty twenty four, substantially outperforming major hedge funds and the

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Speaker 3: twenty five percent historic gain in the S and P

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Speaker 3: five hundred. Notable trades included early investments in stocks exploded

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Speaker 3: like Navidia and Palo Alto Networks, as well as timely

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Speaker 3: sales of Microsoft and Visa shares ahead of regulatory scrutiny,

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Speaker 3: and the stocks came down significantly. Now, Critics argue that

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Speaker 3: Pelosi's consistent trading success may reflect access to non public information.

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Speaker 3: This is why she's making so much money, is what

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Speaker 3: many believe now. Donald Trump was asked about this at

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Speaker 3: the White House as they were talking about stopping trading

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Speaker 3: of stocks by members of Congress. And I want you

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Speaker 3: to listen carefully to what the President had to say.

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Speaker 1: Atcy Pelosi became rich by having inside information. She made

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Speaker 1: a fortune with her husband, and I think that's disgraceful.

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Speaker 1: So in that sense, I'd like it, but I'd have

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Speaker 1: to really see the you know, I study this very carefully,

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Speaker 1: and this just happened, so I'll take a look at it.

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Speaker 1: But conceptually I like it. And what I do think

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Speaker 1: is Nancy Pelosi should be investigated because what she has

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Speaker 1: the highest return of anybody practically in the history of

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Speaker 1: Wall Street save a few. And how did that happen.

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Speaker 1: It happened by she knows exactly what's going to happen,

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Speaker 1: what's going to be announced, you buy stock, and then

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Speaker 1: the stock goes up after the announcements made, and she

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Speaker 1: had to be investigated.

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Speaker 3: Now you can hear the president there make it clear

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Speaker 3: what he believes should happen. Nancy Pelosi went on CNN,

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Speaker 3: a place that's you know, extremely friendly with Jake Tapper,

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Speaker 3: someone that's helped her out with many fake stories in

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Speaker 3: the past. And what did Nancy Pelosi say, Well, Jake

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Speaker 3: Tapper apparently he's acting like he's a tough journalist and

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Speaker 3: decided to ask Pelosi a question about insider trading. Now,

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Speaker 3: of course he's saying President Trump said it not me.

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Speaker 3: You know, we're not doing any investigative work here. No, no,

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Speaker 3: we're just going to ask you about what Trump said.

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Speaker 3: And Nancy went into a Hey, I'm here to talk

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Speaker 3: about something else. I don't want to talk about this.

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Speaker 3: I'm here to talk about the sixty of the universary

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Speaker 3: of Medicaid. That's why I agree to come on here.

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Speaker 3: And then she started to ramble even more.

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Speaker 5: Listen carefully, and.

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Speaker 6: In President Trump mentioned you, and he made an allegation

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Speaker 6: about your investments. I want to roll that clip and

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Speaker 6: then give you a chance to respond. Let me just

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Speaker 6: read what he said. I'm sorry that we had some

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Speaker 6: sort of technicalish. Nancy Pelosi became.

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Speaker 7: Rich, I might have to read that. We're here to

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Speaker 7: talk about the sixtieth anniversary of Medicaid. That's what I

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Speaker 7: agreed to come to talk.

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Speaker 5: Yeah, but I wanted you to That means in.

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Speaker 6: The election, I wanted to give you a chances to respond.

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Speaker 6: He accused you of insider trading. What's your response to that?

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Speaker 7: That's very ridiculous. In fact, I very much support the

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Speaker 7: stop the trading of members of Congress not that I

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Speaker 7: think anybody's doing anything wrong. If they are, they are

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Speaker 7: prosecuted and they go to jail. But because of the

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Speaker 7: confidence and it stills in the American people don't worry

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Speaker 7: about this. But I have no concern of about the

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Speaker 7: obvious investments that had been made over time. I'm not

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Speaker 7: into it. My husband is, but it isn't anything to

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Speaker 7: do with anything insider. But the president has his own exposure,

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Speaker 7: so he's always projecting. He's always projecting, and let's not

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Speaker 7: give him any more time on that.

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Speaker 1: Please.

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Speaker 7: We're going forward here, and I'm very proud of my family.

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Speaker 7: And while he might make fun of us, while somebody

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Speaker 7: inspired by him breaks into our home and hits my

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Speaker 7: husband in a deadly fashion, hits my husband over the head,

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Speaker 7: and he thinks that's a riot, I'd rather not go

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Speaker 7: into some of my other complaints about him right now,

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Speaker 7: rather to talk about the sixtieth anniversary of Medicaid and Medicare.

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Speaker 7: What a triumph, a great pillar of economic and health

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Speaker 7: security for the American people. We had over the weekend,

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Speaker 7: carrying across generations initiative of a sixty a sixty hour

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Speaker 7: vigil of all of us taking turns myself, of my daughter,

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Speaker 7: my granddaughter, and all the rest, taking turns over sixty

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Speaker 7: hours to tell stories of how all of this, well,

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Speaker 7: all this means in people's lives. We since, just since

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Speaker 7: all this has emerged, have had three hundred thousand calls

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Speaker 7: from our Californians, two people in public health districts, for

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Speaker 7: them to call the constituents to call their Republican members

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Speaker 7: of Congress who have voted for this shameful, shameful, dirty, filthy,

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Speaker 7: steak and lousy, rotten, anything but beautiful act. And now

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Speaker 7: we are engaged in the Save Medicaid Summer. So today

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Speaker 7: is the sixtieth energy It's something to be very very

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Speaker 7: proud of. And instead of what the Republicans are doing

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Speaker 7: to deprive people of access to healthcare who need it

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Speaker 7: so badly, people with disabilities who need it so bad

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Speaker 7: for the children, let me ask you need it so badly.

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Speaker 5: There are two things we just have to go back to.

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Speaker 5: In this audio.

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Speaker 3: Number one, Pelosi tried to dodge the question of incenter trading,

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Speaker 3: then saying I'm not into it.

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Speaker 5: My husband is. Yes, she said that here's the receipt.

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Speaker 7: I'm not into it. My husband is.

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Speaker 5: One thing is for sure. Nancy Pelosi.

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Speaker 3: She's nervous, and she's pointing her finger to her husband, saying,

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Speaker 3: I don't do anything. I don't know anything. I'm not

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Speaker 3: into anything insider. And oh, by the way, let me

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Speaker 3: point ad Donald Trump. You know, he's got his own exposure,

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Speaker 3: so he's always projecting. He's always projecting. Yes, that is

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Speaker 3: Nancy Pelosi's response to being worth hundreds of millions of

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Speaker 3: dollars on one hundred and seventy four thousand dollars salary.

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Speaker 3: So if you want to know why Donald Trump said

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Speaker 3: you should be investigated, well maybe just listen to Nancy

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Speaker 3: Pelosi's own word.

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Speaker 2: Thank you for listening to the forty seven Morning Update

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Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever

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Speaker 2: you're listening to this podcast right now and for more

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Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast

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Speaker 2: and we will see you back here tomorrow