1 00:00:00,760 --> 00:00:02,760 Speaker 1: Did you get to see my driver in the first hall? 2 00:00:02,960 --> 00:00:06,120 Speaker 2: You get a freight pretty long, pretty long. 3 00:00:06,440 --> 00:00:08,000 Speaker 1: That's that's not Joe Biden. 4 00:00:08,720 --> 00:00:09,480 Speaker 3: Let me tell you. 5 00:00:10,320 --> 00:00:14,239 Speaker 1: That's sound Biden Bright. It's a good a good time. 6 00:00:14,800 --> 00:00:18,440 Speaker 4: You're listening to the forty seven Morning Update with Ben ferguson. 7 00:00:18,440 --> 00:00:20,319 Speaker 3: Good Wednesday morning. Nice to have you with us on 8 00:00:20,360 --> 00:00:23,560 Speaker 3: the forty seven Morning Update. We've got two major stories 9 00:00:23,560 --> 00:00:26,000 Speaker 3: for you this morning coming out of the White House. 10 00:00:26,160 --> 00:00:29,840 Speaker 3: First up, the media finally having to tell the real story. Yes, 11 00:00:30,080 --> 00:00:33,720 Speaker 3: there isn't just a recovery, it is a boom. Bank 12 00:00:33,760 --> 00:00:37,880 Speaker 3: of America now saying the key tail risk is well 13 00:00:38,240 --> 00:00:41,680 Speaker 3: that the Trump economy will actually start to take off. 14 00:00:41,960 --> 00:00:45,120 Speaker 3: We're gonna break that down for you in just a moment. Also, 15 00:00:45,640 --> 00:00:48,440 Speaker 3: the President of the United States shocking the world saying 16 00:00:48,479 --> 00:00:52,120 Speaker 3: that ggping wants me to go to China, will most 17 00:00:52,240 --> 00:00:56,680 Speaker 3: likely be going and maybe this year. This is more 18 00:00:56,800 --> 00:01:00,360 Speaker 3: tariff agreements have been agreed to by the White House, 19 00:01:00,720 --> 00:01:04,520 Speaker 3: yet again proving the media wrong. We'll have that. Also, 20 00:01:04,680 --> 00:01:07,880 Speaker 3: it's a forty seven Morning Update and it starts right now. 21 00:01:08,040 --> 00:01:10,160 Speaker 4: Story number one, not just. 22 00:01:10,120 --> 00:01:14,800 Speaker 3: A cycled recovery, but a boom. That is how Bank 23 00:01:14,840 --> 00:01:19,000 Speaker 3: of America is talking about Donald Trump's economy in a 24 00:01:19,080 --> 00:01:24,440 Speaker 3: market landscape that is fixated on fear or stagnation and 25 00:01:24,680 --> 00:01:28,080 Speaker 3: modest recoveries. Because Donald Trump's in office and they want 26 00:01:28,080 --> 00:01:31,680 Speaker 3: everything to be doom and gloom, the Bank of America 27 00:01:31,760 --> 00:01:35,000 Speaker 3: is now having to tell us the truth. They're sounding 28 00:01:35,240 --> 00:01:39,640 Speaker 3: the reality and even deciding that they are bullish on 29 00:01:39,760 --> 00:01:42,960 Speaker 3: where we are headed. According to a new note from 30 00:01:43,000 --> 00:01:46,560 Speaker 3: a Bank of America research analysts, the next phase for 31 00:01:46,600 --> 00:01:51,600 Speaker 3: the US economy and equities might not be a routine recovery, 32 00:01:52,040 --> 00:01:57,320 Speaker 3: but quote an outright boom. Today, a confluence of factors 33 00:01:58,000 --> 00:02:02,160 Speaker 3: argue that the key tale risk that may not be 34 00:02:02,360 --> 00:02:07,280 Speaker 3: priced in is not just a cyclical recovery, but a boom. 35 00:02:07,320 --> 00:02:11,280 Speaker 3: The note says, exactly so, why is this happening? Well, 36 00:02:11,320 --> 00:02:14,760 Speaker 3: there's five reasons, they state for a boom. Bank of 37 00:02:14,800 --> 00:02:18,480 Speaker 3: America analysts, citing these five pillars, they say support this 38 00:02:19,040 --> 00:02:24,480 Speaker 3: more than bullish case. First is political will. They argue 39 00:02:24,480 --> 00:02:29,160 Speaker 3: that the US midterm elections a few quarters away, policymakers 40 00:02:29,280 --> 00:02:35,640 Speaker 3: have strong incentive for near term pro growth initiatives. Why 41 00:02:35,720 --> 00:02:38,600 Speaker 3: because everybody in Congress, right on the House side is 42 00:02:38,680 --> 00:02:41,080 Speaker 3: up for reelection. And there's a lot of members of 43 00:02:41,080 --> 00:02:44,120 Speaker 3: the Senate that are up as well. Second, they say, 44 00:02:44,280 --> 00:02:48,359 Speaker 3: is Washington's One Big Beautiful Bill Act. Yes, you may 45 00:02:48,400 --> 00:02:51,120 Speaker 3: remember the media said it was going to destroy our economy. Nope, 46 00:02:51,520 --> 00:02:54,680 Speaker 3: now they're saying the One Big Beautiful Bill. Well, it 47 00:02:54,800 --> 00:02:59,600 Speaker 3: is targeting domestic manufacturing and having a huge impact. The 48 00:02:59,680 --> 00:03:04,560 Speaker 3: third thing they say is the massive overseas jolt gathering 49 00:03:04,919 --> 00:03:08,720 Speaker 3: now with Germany recently enacting the largest stimulus package in 50 00:03:08,760 --> 00:03:14,160 Speaker 3: EU history, while global reflationary forces are building elsewhere. Bank 51 00:03:14,200 --> 00:03:17,680 Speaker 3: of America says, fourth, they see a broad expansion of 52 00:03:17,919 --> 00:03:23,320 Speaker 3: capital expenditures in the US. Companies like Amazon, Meta, Microsoft, 53 00:03:23,360 --> 00:03:26,680 Speaker 3: and Alphabet set for nearly seven hundred billion in capital 54 00:03:26,720 --> 00:03:30,560 Speaker 3: expenditures between twenty twenty five and twenty twenty six alone. 55 00:03:30,639 --> 00:03:34,639 Speaker 3: They also said, in addition, more non US companies plan 56 00:03:34,760 --> 00:03:40,360 Speaker 3: to expand manufacturing capacity in the US. Wow, municipalities are 57 00:03:40,400 --> 00:03:44,720 Speaker 3: focused on updating aging infrastructure. Now, this goes back to 58 00:03:44,720 --> 00:03:47,560 Speaker 3: what Donald Trump promised. If you put American workers in 59 00:03:47,640 --> 00:03:51,800 Speaker 3: manufacturing first, and in these tariff agreements that you're doing, 60 00:03:51,880 --> 00:03:54,840 Speaker 3: these trade deals you're doing, you make sure that companies 61 00:03:54,840 --> 00:03:57,600 Speaker 3: are forced to come back and do work in the 62 00:03:57,720 --> 00:04:00,640 Speaker 3: United States of America, it could explode our economy. Bank 63 00:04:00,680 --> 00:04:06,119 Speaker 3: of America is saying that is actually working and a reality. Finally, 64 00:04:06,200 --> 00:04:08,280 Speaker 3: the last thing on the list the Bank of America 65 00:04:08,400 --> 00:04:13,440 Speaker 3: sided is proprietary regime indicator that is a blend of 66 00:04:13,760 --> 00:04:18,040 Speaker 3: macro signals including corporate revisions to earnings per share as 67 00:04:18,080 --> 00:04:23,800 Speaker 3: well as GDP forecasts and other emerging signals. They say 68 00:04:23,800 --> 00:04:26,760 Speaker 3: it's on the verge of flipping from a downturn to 69 00:04:26,920 --> 00:04:31,120 Speaker 3: a quote recovery, a change it historically means a rally 70 00:04:31,240 --> 00:04:35,360 Speaker 3: in value stocks now the dominant narrative and the indicator 71 00:04:35,440 --> 00:04:38,880 Speaker 3: remains conservative. According to the Bank of America team, it 72 00:04:39,040 --> 00:04:41,920 Speaker 3: is one they say. In June, seventy percent of fund 73 00:04:41,960 --> 00:04:46,159 Speaker 3: managers still predicted stagflation, with only ten percent for seeing 74 00:04:46,160 --> 00:04:50,719 Speaker 3: a boom a above trend growth and inflation. Yet Bank 75 00:04:50,760 --> 00:04:54,760 Speaker 3: of America argues the catalyst for an upside breakout is 76 00:04:54,880 --> 00:04:58,960 Speaker 3: real and now imminent. If the regime Indicator does indeed 77 00:04:58,960 --> 00:05:03,440 Speaker 3: flip to recovery in early August, historical presence suggests a 78 00:05:03,640 --> 00:05:08,120 Speaker 3: rapid rotation is quote likely. So these are the big 79 00:05:08,240 --> 00:05:11,640 Speaker 3: factors that even the banks are now saying are going 80 00:05:11,680 --> 00:05:15,480 Speaker 3: to have a huge impact on your life. This also 81 00:05:15,720 --> 00:05:18,840 Speaker 3: is going to be a major issue come the midterm elections. 82 00:05:18,920 --> 00:05:21,440 Speaker 3: This is exactly why so many people trusted Donald Trump 83 00:05:21,480 --> 00:05:24,080 Speaker 3: and voted for him the first time. Well, let's be clear, 84 00:05:24,120 --> 00:05:27,080 Speaker 3: the midterms is a referendum on the president's agenda, and 85 00:05:27,160 --> 00:05:30,240 Speaker 3: many conservatives have been supporting and advocating for the president, 86 00:05:30,360 --> 00:05:33,160 Speaker 3: voting for things like the Big Beautiful Bill. If they 87 00:05:33,200 --> 00:05:35,400 Speaker 3: run on it, there's a very good chance the president 88 00:05:35,400 --> 00:05:38,920 Speaker 3: will have even more power after the midterms, and that's 89 00:05:38,920 --> 00:05:40,479 Speaker 3: good for all Americans. 90 00:05:40,720 --> 00:05:41,840 Speaker 4: Now, story number two. 91 00:05:41,960 --> 00:05:45,880 Speaker 3: President Donald Trump in Scotland, sitting down talking about how 92 00:05:45,960 --> 00:05:49,640 Speaker 3: it's time for a meeting with Chinese President Ggping. He 93 00:05:49,760 --> 00:05:52,880 Speaker 3: also said that Ggping has been clamoring for a meeting 94 00:05:53,000 --> 00:05:56,360 Speaker 3: in person with him soon and that that may happen 95 00:05:56,400 --> 00:05:59,440 Speaker 3: as soon as sometime this year, either in China or 96 00:05:59,440 --> 00:06:02,039 Speaker 3: at the White House else in the United States of America. Now, 97 00:06:02,160 --> 00:06:04,960 Speaker 3: President Trumps sitting down for an exclusive interview with Bright 98 00:06:05,000 --> 00:06:07,360 Speaker 3: Martin News and said, not only am my willing to 99 00:06:07,440 --> 00:06:10,000 Speaker 3: meet with you, who have had a long and cordial 100 00:06:10,120 --> 00:06:14,320 Speaker 3: personal relationship with despite the rising tensions between the US 101 00:06:14,360 --> 00:06:17,840 Speaker 3: and China, He also went into detail about the tariffs 102 00:06:17,839 --> 00:06:20,839 Speaker 3: and how it worked and Chinese factory shutting down after 103 00:06:20,839 --> 00:06:22,840 Speaker 3: the tariffs he put on the country that lasted thirty 104 00:06:22,880 --> 00:06:26,560 Speaker 3: days at extremely high level. And now China is moving 105 00:06:26,600 --> 00:06:30,360 Speaker 3: forward with a very good deal for American workers because 106 00:06:30,440 --> 00:06:34,440 Speaker 3: Trump has all the leverage. Trump has also made it 107 00:06:34,520 --> 00:06:37,920 Speaker 3: clears in no rush to accommodate what China is doing 108 00:06:38,000 --> 00:06:40,960 Speaker 3: right now. He said, We've got the leverage. I'm a 109 00:06:41,000 --> 00:06:43,599 Speaker 3: deal maker in chief. I want to cut several other 110 00:06:43,640 --> 00:06:47,280 Speaker 3: massive trade deals as well, and so we're working with China. 111 00:06:47,560 --> 00:06:50,159 Speaker 3: Having these meetings, I want you to hear what the 112 00:06:50,200 --> 00:06:52,920 Speaker 3: President had to say. And you may notice he's telling 113 00:06:52,920 --> 00:06:56,400 Speaker 3: a story. He's very calm, he's not that excited. He's 114 00:06:56,440 --> 00:07:00,119 Speaker 3: explained this takes time, and he's putting American workers and 115 00:07:00,160 --> 00:07:01,760 Speaker 3: manufacturers first. 116 00:07:01,839 --> 00:07:05,039 Speaker 2: Yet again, so announced in recent weeks deals with Japan, 117 00:07:05,240 --> 00:07:06,159 Speaker 2: the Philippines. 118 00:07:06,760 --> 00:07:11,480 Speaker 1: So with the Philippines, which was wonderful, and they're opening 119 00:07:11,560 --> 00:07:14,320 Speaker 1: up also everyone. We want everyone to open up. Frankly, 120 00:07:14,360 --> 00:07:16,520 Speaker 1: we want China open up. If we could get China 121 00:07:16,560 --> 00:07:18,960 Speaker 1: to open up, that's what I've been working on, and 122 00:07:19,000 --> 00:07:21,560 Speaker 1: it would be good for unity. Good. You know, our 123 00:07:21,600 --> 00:07:24,200 Speaker 1: companies would go in there, they'd compete, they become friends. 124 00:07:24,360 --> 00:07:26,600 Speaker 1: A lot of good things happen when you open up. 125 00:07:26,960 --> 00:07:30,920 Speaker 1: The European Union was essentially closed to doing business with 126 00:07:30,960 --> 00:07:33,440 Speaker 1: the United States. You couldn't really get in. They didn't 127 00:07:33,440 --> 00:07:36,160 Speaker 1: take cars, they didn't take agriculture, they didn't take very much. 128 00:07:36,440 --> 00:07:38,960 Speaker 1: And they've opened up entirely and we'll be able to 129 00:07:39,000 --> 00:07:42,840 Speaker 1: sell a full complement of cars, trucks, SUVs, everything, and 130 00:07:42,960 --> 00:07:46,000 Speaker 1: ultimately it's going to be good for them. And I 131 00:07:46,000 --> 00:07:48,120 Speaker 1: think they're also going to come over and build plants 132 00:07:48,160 --> 00:07:50,440 Speaker 1: in the United States. And when you do that, you 133 00:07:50,440 --> 00:07:52,520 Speaker 1: don't have to pay the tariffs, and they'll be paying 134 00:07:52,520 --> 00:07:54,520 Speaker 1: a fifteen percent tariff and everything. 135 00:07:54,800 --> 00:07:58,080 Speaker 2: So you've now with the deals that you've already announced, 136 00:07:58,400 --> 00:08:01,000 Speaker 2: and now these latest ones. I would imagine that we're 137 00:08:01,040 --> 00:08:06,239 Speaker 2: going to see deals with Highland and Cambodia soon, because 138 00:08:06,240 --> 00:08:09,400 Speaker 2: that was the condition for the peace deal. But the 139 00:08:09,440 --> 00:08:12,600 Speaker 2: point is that we've already seen close to sixty percent 140 00:08:12,680 --> 00:08:17,000 Speaker 2: of worldwide GDP are now in deals with the United States. 141 00:08:17,240 --> 00:08:20,720 Speaker 2: Close to two billion people worldwide population wise, are now 142 00:08:21,120 --> 00:08:23,040 Speaker 2: in these trade packs that you've negotiated. 143 00:08:23,040 --> 00:08:25,360 Speaker 1: The the biggest thing's ever happened. There's never been anything 144 00:08:25,520 --> 00:08:29,600 Speaker 1: like it just the deal with Europe. If you look 145 00:08:29,640 --> 00:08:32,560 Speaker 1: at that deal, that deal is bigger than any deal 146 00:08:32,600 --> 00:08:35,080 Speaker 1: that's ever been made. But the biggest deal of all 147 00:08:35,160 --> 00:08:37,880 Speaker 1: is the deal on tariffs. If you look at the 148 00:08:37,920 --> 00:08:41,160 Speaker 1: tariff deal, the whole concept of terroiffs, which covers sort 149 00:08:41,200 --> 00:08:44,320 Speaker 1: of everybody, the tariff deal that we made is by 150 00:08:44,400 --> 00:08:46,840 Speaker 1: far the biggest deal ever made. There's never been a 151 00:08:46,880 --> 00:08:49,720 Speaker 1: deal so big. You could buy IBM or one of 152 00:08:49,720 --> 00:08:52,640 Speaker 1: our major companies one hundred times, maybe a thousand times, 153 00:08:52,679 --> 00:08:54,800 Speaker 1: and it wouldn't equate to the kind of numbers you're 154 00:08:54,800 --> 00:08:58,160 Speaker 1: talking about here, and we're taking in the United States. 155 00:08:58,320 --> 00:09:01,160 Speaker 1: Is becoming very rich, very fair. Were taken in hundreds 156 00:09:01,160 --> 00:09:03,640 Speaker 1: of billions of dollars. You saw last month that a 157 00:09:03,679 --> 00:09:06,440 Speaker 1: surplus of twenty six billion dollars, and everyone said where 158 00:09:06,480 --> 00:09:08,839 Speaker 1: did they come from? I said, it came from Taro 159 00:09:08,880 --> 00:09:11,480 Speaker 1: swit had a surplus for the first time in forty 160 00:09:11,559 --> 00:09:14,720 Speaker 1: years of twenty six billion dollars. Everyone was wondering, like, 161 00:09:15,200 --> 00:09:18,120 Speaker 1: where did this come from? When I was in Saudi Arabia, 162 00:09:18,160 --> 00:09:22,120 Speaker 1: the king and also other people throughout at NATO and 163 00:09:22,160 --> 00:09:26,040 Speaker 1: other places, but the head of Qatar also and the 164 00:09:26,080 --> 00:09:29,240 Speaker 1: head of UAE and the king in that particular region. 165 00:09:29,280 --> 00:09:31,600 Speaker 1: They said almost the same word as they said, you know, 166 00:09:31,640 --> 00:09:35,160 Speaker 1: one year ago your country was dead. They actually said dead. 167 00:09:35,320 --> 00:09:37,720 Speaker 1: We had a dead country, that country, our country was 168 00:09:37,760 --> 00:09:39,640 Speaker 1: maybe not going to make it. They said, now you 169 00:09:39,679 --> 00:09:41,680 Speaker 1: have the hottest country in the world, and it's only 170 00:09:41,720 --> 00:09:44,400 Speaker 1: been six months, you know, I mean six months, and 171 00:09:44,480 --> 00:09:46,839 Speaker 1: we still have things to do. The border is great, 172 00:09:46,840 --> 00:09:48,240 Speaker 1: but we have to get a lot of people out 173 00:09:48,280 --> 00:09:52,640 Speaker 1: that came in here illegally, and that are criminals at 174 00:09:52,640 --> 00:09:55,840 Speaker 1: the highest level, including murderers. We have to get them out. 175 00:09:56,360 --> 00:10:00,800 Speaker 1: What the Democrats did to this country is unthinkable. But 176 00:10:00,960 --> 00:10:02,640 Speaker 1: and we are getting them out of Tom Holme and 177 00:10:02,760 --> 00:10:05,520 Speaker 1: Christie's you know, doing a great job. But we are 178 00:10:05,520 --> 00:10:08,000 Speaker 1: really set to have I call it the Golden age, 179 00:10:08,040 --> 00:10:10,120 Speaker 1: just as the golden age of America. 180 00:10:10,040 --> 00:10:12,719 Speaker 2: On the tariffs front, with all of these successes and 181 00:10:12,800 --> 00:10:14,839 Speaker 2: these deals that you're seeing. We saw a lot of 182 00:10:14,880 --> 00:10:17,800 Speaker 2: people criticize your tariffs at the beginning of this thing. 183 00:10:17,840 --> 00:10:19,679 Speaker 2: Do you think the critics are you know, they got 184 00:10:19,720 --> 00:10:21,719 Speaker 2: egg on their face. Are they wrong? Here? Have you 185 00:10:21,920 --> 00:10:22,680 Speaker 2: proven them wrong? 186 00:10:23,080 --> 00:10:26,880 Speaker 1: Many of them have apologized, Many of them didn't understand tariffs. 187 00:10:26,920 --> 00:10:31,320 Speaker 1: Even economists they didn't understand it's a negotiation basically. You know, 188 00:10:31,360 --> 00:10:33,840 Speaker 1: when you say that you're going to pay x percent 189 00:10:34,000 --> 00:10:36,720 Speaker 1: on any product that you put into our country, they're 190 00:10:36,720 --> 00:10:40,240 Speaker 1: taking our jobs, they're closing our plants. When they do this, 191 00:10:40,320 --> 00:10:42,080 Speaker 1: you know they have to pay a price for it. 192 00:10:42,160 --> 00:10:45,760 Speaker 1: So our country was the richest from around eighteen seventy 193 00:10:45,800 --> 00:10:49,160 Speaker 1: to nineteen thirteen. Proportionately it was the richest. That was 194 00:10:49,679 --> 00:10:51,920 Speaker 1: a golden age in a sense. We were so rich, 195 00:10:51,960 --> 00:10:53,560 Speaker 1: we had so much money, we didn't know what to 196 00:10:53,640 --> 00:10:56,240 Speaker 1: do with it. That was when we had a tariff country. 197 00:10:56,320 --> 00:11:00,800 Speaker 1: We took from money from outside countries, and in nineteen 198 00:11:00,880 --> 00:11:03,800 Speaker 1: thirteen they went to an income tax system and the 199 00:11:03,840 --> 00:11:06,000 Speaker 1: rest is history. And you know it. Look it's done fine, 200 00:11:06,040 --> 00:11:08,719 Speaker 1: But we owe thirty six trillion dollars. You wouldn't know 201 00:11:08,800 --> 00:11:11,640 Speaker 1: thirty six trillion dollars with tariffs, and we'll be paying 202 00:11:11,640 --> 00:11:14,400 Speaker 1: off debt and we'll be doing a lot of things 203 00:11:14,440 --> 00:11:17,439 Speaker 1: with this money. This money that's coming in is at 204 00:11:17,559 --> 00:11:20,360 Speaker 1: levels that nobody's ever seen before. Our country has never 205 00:11:20,400 --> 00:11:23,560 Speaker 1: seen money, and you you covered better than anybody. Our 206 00:11:23,679 --> 00:11:26,560 Speaker 1: country has never seen money come in at this level. 207 00:11:26,600 --> 00:11:27,240 Speaker 1: Would you agree? 208 00:11:27,320 --> 00:11:30,600 Speaker 2: I agree with you? Mister President. Yeah, So now your 209 00:11:31,200 --> 00:11:35,080 Speaker 2: Treasury Secretary of Scott Bessen is while we're here meeting 210 00:11:35,080 --> 00:11:39,040 Speaker 2: with the Chinese delegation on trade in Stockholm, Sweden. I 211 00:11:39,080 --> 00:11:42,599 Speaker 2: believe it's this third such trip to meet with them. 212 00:11:42,800 --> 00:11:45,280 Speaker 2: What are some of the things you're hoping happens on 213 00:11:45,320 --> 00:11:46,880 Speaker 2: that front with China. 214 00:11:46,960 --> 00:11:49,160 Speaker 1: Well, we want to have them open up, we want 215 00:11:49,200 --> 00:11:52,800 Speaker 1: to have the certain things we want to be fair. 216 00:11:53,200 --> 00:11:55,959 Speaker 1: We're getting along very well with China. The trade deals 217 00:11:55,960 --> 00:11:59,199 Speaker 1: so far is good. I actually raised the tariffs. At 218 00:11:59,200 --> 00:12:01,240 Speaker 1: one point there were hundred and forty five percent, which 219 00:12:01,320 --> 00:12:03,920 Speaker 1: means you can't do any business. But it was a 220 00:12:03,960 --> 00:12:07,120 Speaker 1: little bit excessive, to put it mildly, and basically that 221 00:12:07,240 --> 00:12:10,480 Speaker 1: stopped trade between the United States and China for one month, 222 00:12:10,880 --> 00:12:13,480 Speaker 1: and that was not good for China. That was you know, 223 00:12:13,520 --> 00:12:16,920 Speaker 1: they had a tough period of time. They were losing factories, 224 00:12:16,960 --> 00:12:19,800 Speaker 1: closing factories, and I don't want that to happen. But 225 00:12:21,200 --> 00:12:24,080 Speaker 1: we're having very productive discussions with China. That's all I 226 00:12:24,080 --> 00:12:26,400 Speaker 1: can tell you. It's a little bit different than China 227 00:12:26,520 --> 00:12:30,760 Speaker 1: is different. The European interestingly is the biggest trading deal, 228 00:12:31,280 --> 00:12:33,280 Speaker 1: but the China is very important to us. 229 00:12:33,480 --> 00:12:36,720 Speaker 2: I know you have a great personal relationship with using ping. 230 00:12:36,840 --> 00:12:40,199 Speaker 2: Is that do you envision a time down the road 231 00:12:40,240 --> 00:12:42,559 Speaker 2: or an in person meeting between the two of you guys, 232 00:12:42,800 --> 00:12:45,560 Speaker 2: possibly in China or possibly at the White House or. 233 00:12:45,480 --> 00:12:48,760 Speaker 1: So he wants me to go there, and he's going 234 00:12:48,800 --> 00:12:51,360 Speaker 1: to come here and we're just going to work out dates, 235 00:12:51,400 --> 00:12:53,880 Speaker 1: but we look forward to it. Actually, it was one 236 00:12:53,880 --> 00:12:57,040 Speaker 1: of the most incredible trips in my first term. It 237 00:12:57,120 --> 00:12:59,959 Speaker 1: was I think maybe the most incredible trip nobody's ever 238 00:13:00,000 --> 00:13:03,480 Speaker 1: I've seen, and Saudi Arabia was incredible also in particular, 239 00:13:03,600 --> 00:13:07,160 Speaker 1: those two trips were nobody's ever seen anything like them, 240 00:13:07,240 --> 00:13:11,480 Speaker 1: very different but equally incredible. But the China trip was 241 00:13:11,920 --> 00:13:14,920 Speaker 1: with the great whole and I don't think you were 242 00:13:14,920 --> 00:13:20,239 Speaker 1: there or wasn't, but it was something that was unparalleled. 243 00:13:20,240 --> 00:13:22,360 Speaker 1: There's never been anything, and they said they're going to 244 00:13:22,400 --> 00:13:24,880 Speaker 1: do it bigger and better this time. So we'll see 245 00:13:24,880 --> 00:13:28,200 Speaker 1: what happens, but we'll most likely be going to China 246 00:13:28,280 --> 00:13:31,080 Speaker 1: in the not too distant future, maybe before this year 247 00:13:31,160 --> 00:13:32,680 Speaker 1: is out, and he'll be coming here. 248 00:13:33,000 --> 00:13:35,240 Speaker 3: You won't be surprised by the way after the interview 249 00:13:35,320 --> 00:13:38,320 Speaker 3: you just heard the media lied about exactly what the 250 00:13:38,360 --> 00:13:41,000 Speaker 3: president was doing. The President having to send out a 251 00:13:41,040 --> 00:13:44,760 Speaker 3: true social text saying this quote. The fake news is 252 00:13:44,800 --> 00:13:48,440 Speaker 3: reporting that I am seeking a summit with President G 253 00:13:48,679 --> 00:13:52,840 Speaker 3: of China. This is not correct. I'm not seeking anything. 254 00:13:53,240 --> 00:13:56,040 Speaker 3: I may go to China, but it would only be 255 00:13:56,160 --> 00:14:00,920 Speaker 3: at the invitation of Presion G, which has been extended. Otherwise, 256 00:14:01,000 --> 00:14:04,600 Speaker 3: no interests. Thank you for your attention to this matter. Yep. 257 00:14:04,720 --> 00:14:07,480 Speaker 3: Leave it to the liberal media to take a great 258 00:14:08,120 --> 00:14:10,640 Speaker 3: moment where we're getting closer to a better trade deal 259 00:14:10,760 --> 00:14:14,040 Speaker 3: that will help America to put out lies the present's 260 00:14:14,080 --> 00:14:16,560 Speaker 3: begging for a meeting with you. Thank goodness, we have 261 00:14:16,600 --> 00:14:19,600 Speaker 3: a present that continues to put American workers first and 262 00:14:19,720 --> 00:14:22,480 Speaker 3: make sure that we are not getting taken advantage of 263 00:14:22,720 --> 00:14:23,320 Speaker 3: any longer. 264 00:14:23,360 --> 00:14:26,000 Speaker 4: Thank you for listening to the forty seven Morning Update 265 00:14:26,120 --> 00:14:30,240 Speaker 4: with Ben Ferguson. Please make sure you hit subscribe wherever 266 00:14:30,280 --> 00:14:33,320 Speaker 4: you're listening to this podcast right now and for more 267 00:14:33,320 --> 00:14:37,120 Speaker 4: in depth news, also subscribe to the Ben Ferguson podcast 268 00:14:37,360 --> 00:14:39,160 Speaker 4: and we will see you back here tomorrow.