Latest / The 47 Morning Update with Ben Ferguson / Trump's Canada Showdown plus the DSA Attack on JD Vance's Wife

Transcript

Trump's Canada Showdown plus the DSA Attack on JD Vance's Wife · The 47 Morning Update with Ben Ferguson

• 0:00
  Speaker 1: And mister President, it has taken a lot of people
• 0:03
  Speaker 1: to make this happen.
• 0:04
  Speaker 2: Why was it important to you to bring IndyCar to
• 0:06
  Speaker 2: the streets of DC.
• 0:08
  Speaker 3: Well, Rogers told me they've been trying to do it
• 0:10
  Speaker 3: for twenty years, and he'd come down. I think he
• 0:11
  Speaker 3: said he was down two hundred and eleven times to
• 0:15
  Speaker 3: try and get it done, and when he came to
• 0:16
  Speaker 3: see Trumpet got done in about fifteen minutes, and it
• 0:19
  Speaker 3: turned out to be much bigger than we ever even
• 0:21
  Speaker 3: thought possible.
• 0:23
  Speaker 4: You're listening to the forty seven Morning Update with Ben ferguson.
• 0:26
  Speaker 2: Good Monday morning.
• 0:27
  Speaker 5: Nice have you with us on the forty seven Morning Update,
• 0:30
  Speaker 5: and we've got two very big stories for you.
• 0:32
  Speaker 2: First up at.
• 0:33
  Speaker 5: Trade war with Canada, Donald Trump saying Canada's taking advantage
• 0:36
  Speaker 5: of the US for far too long and we're not
• 0:39
  Speaker 5: gonna make a bad deal.
• 0:40
  Speaker 2: So what does this mean for goods? We'll explain it
• 0:43
  Speaker 2: to you.
• 0:43
  Speaker 5: Up next, a shockingly vile attack from l Sieed, the
• 0:48
  Speaker 5: Democratic Socialist candidate against the Vice President, Jade Vance's wife.
• 0:53
  Speaker 5: Why is he attacking the first lady? We'll break that
• 0:56
  Speaker 5: down for you as well, But first I want to
• 0:58
  Speaker 5: tell you about calsh she the twenty twenty six primaries
• 1:02
  Speaker 5: are taking shape, and you can trade the biggest political
• 1:05
  Speaker 5: races on Calshet. On Calshi, you can trade major primaries,
• 1:09
  Speaker 5: election outcomes, and the biggest political storylines as they happen.
• 1:13
  Speaker 5: You look at the elections right now, We've got so
• 1:16
  Speaker 5: many different options on different things that you can trade on.
• 1:19
  Speaker 5: For example, will the Clarity Act become law before July first,
• 1:23
  Speaker 5: twenty twenty seven, it's at forty one percent. Before October
• 1:26
  Speaker 5: of twenty twenty seven, it's at fifty four percent. You
• 1:29
  Speaker 5: can trade on who will be Trump's next Press secretary.
• 1:33
  Speaker 5: Scott Jennings right now is at forty three percent, Anna
• 1:35
  Speaker 5: Kelly at eighteen, Margo Martin is six percent. And that
• 1:39
  Speaker 5: is just some of the fun that you can have
• 1:40
  Speaker 5: right now on Calshet. Now, the US elections, well there's
• 1:44
  Speaker 5: one that I look at every day. Well, Ken Paxton
• 1:47
  Speaker 5: defeat Taller Rico. Now right now, Paxson's currently trading at
• 1:51
  Speaker 5: fifty three percent, meaning one hundred dollars trade would pay
• 1:54
  Speaker 5: out one hundred and seventy nine dollars if he beats
• 1:58
  Speaker 5: tall Rico. Now, on Councy, you're trading against peers in
• 2:01
  Speaker 5: a live market, meaning there's no house and as the
• 2:04
  Speaker 5: probability changes, you can buy in and out of your position.
• 2:08
  Speaker 5: So download the Calshey app and use the code ben.
• 2:12
  Speaker 5: You're gonna get twenty dollars when you trade twenty dollars
• 2:15
  Speaker 5: ka l Sahi. That's Calshy ka l Shi trade on
• 2:21
  Speaker 5: anything promo code BEN.
• 2:23
  Speaker 1: Eighteen plus only. Restrictions and eligibility requirements apply. Event contract
• 2:27
  Speaker 1: trading involves risk and may not be suitable for all investors.
• 2:29
  Speaker 1: Calshi products are not available in all jurisdictions. Prices, values,
• 2:32
  Speaker 1: and available markets may differ from those mentioned. For more information,
• 2:35
  Speaker 1: see Kalshi dot com, slash regulatory.
• 2:38
  Speaker 5: It's a forty seven morning update and it starts right now.
• 2:41
  Speaker 4: Story number one.
• 2:42
  Speaker 5: We are now being told that the trade talks between
• 2:46
  Speaker 5: the United States and Canada have collapse. It was a
• 2:49
  Speaker 5: very simple story, very clear that this was a collapse
• 2:54
  Speaker 5: of the conversation.
• 2:56
  Speaker 2: Here's how it was on Fox News.
• 2:58
  Speaker 6: Trade talks between the US, US and Canada collapsing overnight,
• 3:02
  Speaker 6: A fifty percent tariff on twenty billion dollars with the
• 3:04
  Speaker 6: Canadian goods taking effect at midnight. The Trump administration says
• 3:09
  Speaker 6: Canada walked away from a deal that would affect tariffs
• 3:12
  Speaker 6: on deal aluminum, autos, and lumber. Now Canada is promising
• 3:16
  Speaker 6: to hit back dollar for dollar, raising the stakes in
• 3:20
  Speaker 6: a major fight with one of America's closest trading partners.
• 3:24
  Speaker 5: Now, President Donald Trump is making it very clear Canada
• 3:28
  Speaker 5: is not going to get any special treatment, as he
• 3:33
  Speaker 5: described it, simply because it is America's neighbor. The President
• 3:37
  Speaker 5: is saying, no, We're not going to allow that to happen.
• 3:42
  Speaker 5: So let me explain what just happened. Over the last
• 3:44
  Speaker 5: several days. President Trump temporarily paused a new round of
• 3:48
  Speaker 5: massive terriffs against Canada because he believed a deal was
• 3:50
  Speaker 5: essentially finished. Trump announced that the pause was based on
• 3:54
  Speaker 5: the fact that Canada, the United States, and his words
• 3:56
  Speaker 5: have a deal, but the deal never got crossed the
• 3:59
  Speaker 5: finish lawn and negotiations collapse on Friday. Both sides are,
• 4:03
  Speaker 5: of course now pointing the finger at one another, and
• 4:06
  Speaker 5: the Trump administration is now saying Canada came back at
• 4:09
  Speaker 5: the last minute with demands that the United.
• 4:11
  Speaker 2: States simply wasn't willing to accept.
• 4:14
  Speaker 5: Canada, of course, says that Donald Trump and Washington was
• 4:17
  Speaker 5: demanding concessions that threatened Canadian sovereignty and its ability to
• 4:21
  Speaker 5: make its own trade decisions. And President Trumpets essentially said enough.
• 4:28
  Speaker 5: The United States has now imposed fifty percent tariffs on
• 4:31
  Speaker 5: roughly twenty billion worth of Canadian products. Now these aren't
• 4:35
  Speaker 5: hypothetical tariffs. They are now in effect. And we're talking
• 4:39
  Speaker 5: about Canadian goods ranging from wine and other alcoholic beverages,
• 4:44
  Speaker 5: to dairy products, to textiles, to electronics, to paper products,
• 4:48
  Speaker 5: to honey, even hockey equipment. Now, these new duties also
• 4:53
  Speaker 5: go beyond some of the protections that previously existed under
• 4:57
  Speaker 5: the USMCA trade agreement. Now, why is Donald Trump doing
• 5:03
  Speaker 5: this is a question that a lot of people were asking. Well,
• 5:06
  Speaker 5: the White House's argument is extremely straightforward. The Trump administration
• 5:11
  Speaker 5: has said Canada has spent protecting parts of its economy
• 5:15
  Speaker 5: while expecting largely unrestricted access to the enormous American consumer market.
• 5:21
  Speaker 5: Take alcohol, for example. The White House using this over
• 5:24
  Speaker 5: the weekend, and they pointed out that beginning in March
• 5:27
  Speaker 5: of twenty twenty five, Canadian provinces and territories stopped purchasinger
• 5:32
  Speaker 5: selling American alcoholic beverages Ontario pulled US products from its
• 5:37
  Speaker 5: government controlled liquor system, and then Quebec took similar action.
• 5:42
  Speaker 5: Now some provinces subsequently reversed course, but most did not.
• 5:47
  Speaker 5: Then you have dairy Canada's supply management system has been
• 5:52
  Speaker 5: long a source of friction with American farmers. Then you
• 5:55
  Speaker 5: look at automobiles, then you look at steel and aluminum.
• 5:58
  Speaker 5: And the Trump Administration's basic position is this, you cannot
• 6:02
  Speaker 5: restrict American products and protect Canadian industries and then demand
• 6:08
  Speaker 5: unlimited access to America's markets and to American consumers. Now,
• 6:14
  Speaker 5: the White House says that fifty percent tariffs are specifically
• 6:17
  Speaker 5: intended to offset what it calls Canada's discriminatory treatment of
• 6:22
  Speaker 5: American commerce and trade. And Trump is approaching this from
• 6:26
  Speaker 5: a position he has maintained for years. America has the
• 6:29
  Speaker 5: biggest consumer market in the world. Access to our American
• 6:33
  Speaker 5: market has tremendous value to anyone else in the world.
• 6:36
  Speaker 5: And if another country wants access to the US, then
• 6:40
  Speaker 5: President Trump believes that America should use that leverage to
• 6:43
  Speaker 5: demand reciprocal treatment, a fair deal. Let's be clear, reciprocal
• 6:48
  Speaker 5: treatment for American workers and American businesses. Now, Canada, they
• 6:54
  Speaker 5: now say they are not backing down on this at all.
• 6:57
  Speaker 5: The Canadian Prime Minister Carney has announced so that Canada
• 7:00
  Speaker 5: will retaliate at dollar for dollar beginning September the eighth.
• 7:05
  Speaker 5: Canada plans tariffs against American goods, including products involving steel, dairy, electronics,
• 7:12
  Speaker 5: and agricultural equipment. Carney is calling Trump's tariffs and an
• 7:16
  Speaker 5: economic attack, and then said Canada will not surrender it
• 7:19
  Speaker 5: sovereignty simply to reach a deal with Washington, and that
• 7:23
  Speaker 5: means we now have something very different from a negotiating threat.
• 7:27
  Speaker 5: We potentially have an actual North American trade war. Now,
• 7:31
  Speaker 5: you got to remember how economically connected we are. And
• 7:34
  Speaker 5: I'm saying this is you know, whether you're Canadian listening
• 7:37
  Speaker 5: to this or American listening to this, we are absolutely interconnected.
• 7:42
  Speaker 5: The United States and Canada don't simply sell finished products
• 7:45
  Speaker 5: to each other. Our manufacturing systems are very much intertwined.
• 7:48
  Speaker 5: And this is going to be a problem for both countries.
• 7:51
  Speaker 5: All right, Components can cross the border, go into another product,
• 7:56
  Speaker 5: cross back again, and eventually end up in a finished
• 7:58
  Speaker 5: vehicle or piece of machinery. That happens all the time.
• 8:01
  Speaker 5: By the way, same thing happens with Mexico. So when
• 8:03
  Speaker 5: you start putting fifty percent tariffs on products moving across
• 8:06
  Speaker 5: the border, businesses now have to make a serious decision.
• 8:10
  Speaker 5: Do you absorb the cost number one? Do you raise
• 8:13
  Speaker 5: the price for consumers number two? Or do you find
• 8:16
  Speaker 5: another supplier number three? And this is the outcome that
• 8:22
  Speaker 5: President Trump wants. Do they move production into the United
• 8:26
  Speaker 5: States of America instead of having it in Canada. Now,
• 8:30
  Speaker 5: if you need the American business more you need the
• 8:32
  Speaker 5: Canadian business, are you gonna move those manufacturing companies into
• 8:38
  Speaker 5: the US so you don't have to deal with this
• 8:40
  Speaker 5: trade tariff and paying these tariffs with the United State,
• 8:43
  Speaker 5: with Canada and the US right Like, that's a simple question,
• 8:46
  Speaker 5: and the present's betting on the answer is going to
• 8:48
  Speaker 5: be fine, We'll move to America. Now, this is a
• 8:51
  Speaker 5: strategic gamble, no doubt, but it's one that is based
• 8:55
  Speaker 5: in Trump's tear policy and the presidents that he won
• 8:58
  Speaker 5: CEOs looking at a fifty per tariff and saying this,
• 9:01
  Speaker 5: why am I manufacturing this in Canada when I could
• 9:04
  Speaker 5: be building it in Michigan, Ohio, Pennsylvania, Texas, Tennessee and
• 9:08
  Speaker 5: avoid the tariffs all together? And the White House is
• 9:12
  Speaker 5: already pointing by the way to reshoring this announcement in
• 9:15
  Speaker 5: the automobile industry as evidence that Donald Trump's broader trade
• 9:19
  Speaker 5: strategy is influencing corporate investment decisions, and that has certainly
• 9:25
  Speaker 5: been a real thing in America. There's also the other
• 9:28
  Speaker 5: side of this, right Canada is very angry right now.
• 9:32
  Speaker 5: Canada is very mad. And how much leverage do they
• 9:36
  Speaker 5: have over the United States of America. Not near as much.
• 9:41
  Speaker 5: They have a smaller economy, they don't have as much manufacturing.
• 9:44
  Speaker 5: They have a lot of goods that they need to
• 9:46
  Speaker 5: export into America. And so when you look at what
• 9:50
  Speaker 5: they are doing right now, the question is who flinches first.
• 9:54
  Speaker 5: Donald Trump believes Canada will flinch first. I actually believe
• 9:58
  Speaker 5: there's an extremely good chance that that is exactly what
• 10:01
  Speaker 5: is going to happen, that Canada is going to flinch first.
• 10:04
  Speaker 2: Now.
• 10:05
  Speaker 5: The President is also made it clear that Canada's just
• 10:08
  Speaker 5: been taking advantage of US for far too long, and
• 10:09
  Speaker 5: this goes back to his trade negotiations.
• 10:12
  Speaker 2: All over the world.
• 10:13
  Speaker 5: There are too many countries that were taking advantage of
• 10:15
  Speaker 5: the US and getting full access to US, to the
• 10:18
  Speaker 5: United States of America while giving us limited or no
• 10:22
  Speaker 5: access to their consumers. The President saying, I just want
• 10:25
  Speaker 5: a fair playing field, that's all I want.
• 10:29
  Speaker 2: And what did they say in Canada? No.
• 10:31
  Speaker 5: Now, they may be used to America being pretty darn weak.
• 10:35
  Speaker 5: They may be used to America being kind of woosy
• 10:38
  Speaker 5: on trade negotiations, and they may be hoping that that's
• 10:42
  Speaker 5: exactly what's going to happen, that the President will flinch.
• 10:44
  Speaker 5: I don't believe that he's going to flinch. I think
• 10:47
  Speaker 5: he's dug in and it's based on principal an a
• 10:50
  Speaker 5: policy that makes sense for Americans.
• 10:54
  Speaker 2: This is why a lot of people voted for Donald
• 10:56
  Speaker 2: Trump in the first place.
• 10:57
  Speaker 4: Now, story number two, there is another.
• 10:59
  Speaker 5: Example that I want to tell you about right now
• 11:02
  Speaker 5: about just how extreme and how radical the DSA actually is.
• 11:07
  Speaker 5: Now you have to look no further this time into
• 11:10
  Speaker 5: and to just deal with a basic headline, and it
• 11:14
  Speaker 5: is one that if you are a conservative, this should
• 11:18
  Speaker 5: terrify you that we are now at this point where
• 11:22
  Speaker 5: this is where the Democratic Party has gone. You look
• 11:27
  Speaker 5: in a guy by the name of Abdul l said,
• 11:32
  Speaker 5: he is now out there attacking jd Vance's marriage. Why
• 11:37
  Speaker 5: on Earth would a Senate Democratic candidate attack Jadvance's marriage
• 11:43
  Speaker 5: his wife? Well, it is all because of something that
• 11:47
  Speaker 5: jd Vance said. Now, I'm going to play for you
• 11:50
  Speaker 5: what jd Vance said so that you understand exactly what
• 11:53
  Speaker 5: he said before I tell you what El Said's response was,
• 11:57
  Speaker 5: and it was violent, grotesque, and also extremely racist.
• 12:02
  Speaker 2: Here is Jeddie.
• 12:03
  Speaker 5: Vance in his own words, and then you'll understand how
• 12:07
  Speaker 5: egregious this is.
• 12:09
  Speaker 7: It's sometimes actually hard to understand, like what do these
• 12:12
  Speaker 7: modern Democrats actually stand for? But look what they say.
• 12:17
  Speaker 7: Pay close attention and they'll lead these little hints of
• 12:20
  Speaker 7: what they actually care about. Now, hey, l say ed
• 12:23
  Speaker 7: this guy running for Senate in Michigan. He once argued
• 12:27
  Speaker 7: not too long ago that criticisms of sharia law were
• 12:30
  Speaker 7: rooted in white supremacy. I'd love to go back in
• 12:33
  Speaker 7: time and tell my papal that there's a man who
• 12:37
  Speaker 7: claims to stand for working people, who says, not only
• 12:40
  Speaker 7: should we have sharia law, but if you criticize it,
• 12:42
  Speaker 7: you're a white supremacist. That's not my patpal's Democrat party,
• 12:45
  Speaker 7: my friends, all.
• 12:47
  Speaker 5: Right, so let's talk about why that story is important.
• 12:51
  Speaker 5: What Jeddie Vance is doing is he's reminding people that
• 12:54
  Speaker 5: the Democratic Party has become so extreme that Democrats of
• 12:58
  Speaker 5: yesterday would not even wreckognize their party today. I believe
• 13:03
  Speaker 5: JFK would be a Republican today. I think there's a
• 13:05
  Speaker 5: chance Bill Clinton of the nineteen nineties would be a
• 13:08
  Speaker 5: Republican today. That is how extreme the left has gone.
• 13:14
  Speaker 5: And el Said has lost his mind over those comments.
• 13:19
  Speaker 5: In a social media post over the weekend, al Said wrote,
• 13:22
  Speaker 5: so do we think JD is taking Usha? That's his
• 13:26
  Speaker 5: wife all right? The second lady with him back in
• 13:29
  Speaker 5: time to meet Papa or no, with a link to
• 13:34
  Speaker 5: that video. Now, Vance's wife, Usha and her family are Hindu,
• 13:39
  Speaker 5: so this is not only a racist statement, but is
• 13:41
  Speaker 5: an incredibly nasty statement coming from Alsaid. And by the way,
• 13:47
  Speaker 5: they're Hindu and they would not impose real law on Americans.
• 13:50
  Speaker 5: That is another part of this conversation because Alsaid has
• 13:54
  Speaker 5: refused not only to apologize for his racist remarks about
• 13:58
  Speaker 5: Vance's wife and family, but it's also important to note
• 14:01
  Speaker 5: that Elsaid's campaign has confirmed that he actually complies with
• 14:05
  Speaker 5: Sree law in his personal life. Now, this all comes
• 14:08
  Speaker 5: from a comment from nine when he described it as
• 14:12
  Speaker 5: being himself as being quote in his religion is a
• 14:15
  Speaker 5: lifelong obligation, say later respond to Vance's comments during an interview,
• 14:20
  Speaker 5: setting quote, He's painting this picture of going back in
• 14:23
  Speaker 5: time to talk to his papa about me. Now, why
• 14:26
  Speaker 5: is he pointing to me? Why is don Trump pointing
• 14:29
  Speaker 5: to me? They're pointing to me to try and say
• 14:32
  Speaker 5: somehow I'm less of an American than they are. What
• 14:36
  Speaker 5: does that have to do with this? I don't know
• 14:39
  Speaker 5: the color of my skin, how I pray, question mark.
• 14:42
  Speaker 5: But the confusing thing about it is that he thinks
• 14:45
  Speaker 5: there are some people who are more American than others
• 14:48
  Speaker 5: because they can point to their papa who was here earlier. Now,
• 14:53
  Speaker 5: obviously that's not even close to what Vance was talking about.
• 14:57
  Speaker 5: What he was saying was the Democratic Party has become
• 14:59
  Speaker 5: so radical that is papaal, who is a Democrat, would
• 15:03
  Speaker 5: not recognize it. He then goes on, I'll say to
• 15:06
  Speaker 5: ask this question quote, and my question to him, referring
• 15:09
  Speaker 5: to Vance, is simply, why is it how do you
• 15:12
  Speaker 5: look your parents in laws in the eye and say
• 15:15
  Speaker 5: that somehow they're less American than you are? Because that's
• 15:19
  Speaker 5: what he's implying here. That's by the way, not what
• 15:22
  Speaker 5: JD Vance implied at all. That goes back to the
• 15:25
  Speaker 5: racist statement that has been put out.
• 15:27
  Speaker 2: There by L said.
• 15:29
  Speaker 5: Now, this is a very very very very very tight race.
• 15:34
  Speaker 5: You look at the most recent pulling Michigan's Republican Senate
• 15:37
  Speaker 5: candidate Mike Rodgers and lsaid divertually tied in the general
• 15:40
  Speaker 5: election race. Lsaid, now is doing everything he can to
• 15:45
  Speaker 5: try to undermine JD. Vans, undermine the president, and undermine
• 15:49
  Speaker 5: Mike Rodgers. And so what he's saying is, Hey, I'm
• 15:52
  Speaker 5: going to go after the wife of JD. Vance and
• 15:55
  Speaker 5: her religion and the color of her skin and then say, oh, well,
• 16:00
  Speaker 5: I guess somehow Republicans are racist, Like that's pretty funny. Well,
• 16:04
  Speaker 5: let me also remind you of L said when he
• 16:07
  Speaker 5: said this in an interview as well.
• 16:09
  Speaker 8: Well, you know, Jesus' Peace and Blessings be upon him
• 16:12
  Speaker 8: was considered radical in his time too, and there is
• 16:16
  Speaker 8: a radical nature to being willing to stand forthright in
• 16:21
  Speaker 8: a time of corruption.
• 16:23
  Speaker 5: Southside says that Jesus was radical, so therefore it's you
• 16:27
  Speaker 5: should support me because.
• 16:28
  Speaker 2: I'm a radical. He's admitting that he is a radical.
• 16:31
  Speaker 2: Is alness. By the way, it's very different than what.
• 16:35
  Speaker 5: Jesus believed in let's just point that out as well.
• 16:39
  Speaker 4: Thank you for listening to the forty seven Morning Update
• 16:42
  Speaker 4: with Ben Ferguson. Please make sure you hit subscribe wherever
• 16:46
  Speaker 4: you're listening to this podcast right now and for more
• 16:49
  Speaker 4: in depth news, also subscribe to the Ben Ferguson podcast
• 16:53
  Speaker 4: and we will see you back here tomorrow