Latest / The 47 Morning Update with Ben Ferguson / Small Business Surge Signals Rising Confidence in Economy

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Small Business Surge Signals Rising Confidence in Economy · The 47 Morning Update with Ben Ferguson

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  Speaker 1: People like you, the fake, dirty press, the crooked press,
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  Speaker 1: people like stupid Biden. He's not smart enough to know
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  Speaker 1: what's gone. But people that surrounded him, surrounded his beautiful,
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  Speaker 1: the lives of people, They destroyed people, They sent people
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  Speaker 1: to jail who did nothing wrong.
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  Speaker 2: Just be very clear, there's no evidence of what you're saying, Tough.
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  Speaker 1: This tremendous evidence is nothing but evidence. The election was rigged.
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  Speaker 1: It was a dirty election. This is happening again right
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  Speaker 1: now in California's happening right.
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  Speaker 2: Now in California.
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  Speaker 3: You're listening to the forty seven Morning Update with Ben ferguson.
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  Speaker 2: Good Monday morning. Nice to have you with us on
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  Speaker 2: the forty seven Morning Up Date. And we've got some
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  Speaker 2: very big news for you this morning. President Trump going
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  Speaker 2: on offense, this time with incredible data on the jobs report.
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  Speaker 2: All the economists and the media and the Democrats got
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  Speaker 2: it wrong. So how is the economy and is the
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  Speaker 2: private sector and small businesses or are they growing? You
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  Speaker 2: better believe it, and we've got the data to back
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  Speaker 2: it up. Now, before we get to that, I want
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  Speaker 2: Mobile dot com slash ben forty seven. Or call nine
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  Speaker 2: and make that switch today. It's the forty seven Morning
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  Speaker 2: Update and it starts right now. Story number one, The
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  Speaker 2: Trump economy just crushed it. Let me say that again.
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  Speaker 2: The Trump economy just crushed it again. Now, if you
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  Speaker 2: listen to media, you would think America is literally on
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  Speaker 2: the verge of collapse. They keep telling you the economy
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  Speaker 2: is weak, They keep predicting disaster, they keep rooting for
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  Speaker 2: bad news because they believe in propaganda. They believe that
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  Speaker 2: bad news hurts President Donald Trump, and then it will
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  Speaker 2: hurt Republicans in the midterms. That is their whole goal.
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  Speaker 2: Once again, however, reality showed up and embarrassed every single
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  Speaker 2: one of them in the media. The job numbers are
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  Speaker 2: in and they are absolutely incredible. No one expected what
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  Speaker 2: I'm about to tell you. That is at the United
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  Speaker 2: States economy added one hundred and seventy two thousand jobs
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  Speaker 2: in May. CNN having to report the data, here's what
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  Speaker 2: they said.
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  Speaker 4: This really blew away expectations. The US economy adding as
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  Speaker 4: you mentioned, one hundred and seventy two thousand jobs in May.
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  Speaker 4: The forecast was for one hundred and five. There were
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  Speaker 4: whispers for half that, so that is a significant beat.
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  Speaker 4: And there were positive revisions.
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  Speaker 2: Asps tell me about the revisions.
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  Speaker 1: That's now become my new favorite thing.
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  Speaker 4: Yeah, well, we've become so accustomed to negative revisions and
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  Speaker 4: now we've got the opposite.
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  Speaker 2: Right.
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  Speaker 4: There was a modest increase from March to a very
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  Speaker 4: healthy two hundred and fourteen thousand, but April was revised
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  Speaker 4: sharply higher to one hundred and seventy nine thousand.
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  Speaker 2: Now you listen to what I just played for you,
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  Speaker 2: and that is the worst news that CNN could have
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  Speaker 2: ever asked. For you can even hear there. So now
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  Speaker 2: I want the revisions. Tell me what the revisions are. Well,
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  Speaker 2: their revisions were actually up again. So the job numbers
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  Speaker 2: are in. They're incredible. The revisions are in for the
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  Speaker 2: month before they're also incredible. And not only do we
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  Speaker 2: beat the expectations, we literally crushed them. Every economist surveyed
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  Speaker 2: by Bloomberg underestimated the numbers, every single one of them,
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  Speaker 2: which begs the question, are these economists actually just political
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  Speaker 2: hacks that hate Donald Trump as well? It's a fair
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  Speaker 2: question when all of them got it wrong. Now, Wall
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  Speaker 2: Street expected roughly half of what the Trump economy delivered.
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  Speaker 2: And that's not all. Is that you heard there. The
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  Speaker 2: April jobs number were revised upward to one hundred and
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  Speaker 2: seventy nine thousand jobs. So when you combine the revisions
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  Speaker 2: from March and April, the economy actually created ninety three
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  Speaker 2: thousand more jobs than originally reported. That's not a little bit.
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  Speaker 2: That's a lot. Now, if you think about it for
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  Speaker 2: a second. The experts were wrong, the economists were wrong,
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  Speaker 2: the media was wrong, all of them. Again. Yes, like
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  Speaker 2: there's a trend here. Unemployment, by the way, held steady
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  Speaker 2: at just four point three percent. And perhaps the most
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  Speaker 2: important number in this report is what's happening with small businesses.
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  Speaker 2: Paycheck reports that small businesses, and this is incredible, hiring
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  Speaker 2: has now accelerated for not one, not two, but three
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  Speaker 2: straight months. That is considered a trend because small businesses,
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  Speaker 2: if they're not hiring, well, they're not hiring because they
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  Speaker 2: don't have confidence. But these small businesses are hiring because
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  Speaker 2: somebody in Washington is telling them it's okay, and they
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  Speaker 2: believe that person. Who am I talking about, I'm talking
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  Speaker 2: about President Donald Trump. They're hiring because because they believe
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  Speaker 2: the future actually looks brighter. These small businesses are hiring
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  Speaker 2: because confidence is actually returning, and confidence drives economic growth.
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  Speaker 2: And that's why these numbers matter so much and why now,
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  Speaker 2: of course, the media does not want to talk about it.
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  Speaker 2: This isn't government hiring either. I'm gonna say that again.
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  Speaker 2: This isn't government hiring. This isn't artificial growth. We've seen
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  Speaker 2: Democrats do that before, and by the way, sometimes Republicans
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  Speaker 2: have they will try to make the numbers go up
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  Speaker 2: by having government hiring. That's not what this is. This
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  Speaker 2: is real economic activity happening all across America in the
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  Speaker 2: private sector, and while the economy is continuing to actually roar. Yes, statistically,
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  Speaker 2: that is what is happening. There's also something else that
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  Speaker 2: happened this week that deserves attention as well. President Trump
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  Speaker 2: signed what could become where of the most important national
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  Speaker 2: security directives of the decade, his historic Artificial Intelligence Directive,
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  Speaker 2: aimed at ensuring America remains the world's technological leader. Now,
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  Speaker 2: let's be honest, the next major global competition isn't just
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  Speaker 2: about tanks and aircraft carriers. It is about artificial intelligence. Now,
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  Speaker 2: I've warned you about this for a while that if
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  Speaker 2: we don't lead on AI, China will, and China will
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  Speaker 2: control AI, and China will control every aspect of what
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  Speaker 2: people believe what they find. Now, this isn't just about
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  Speaker 2: who controls technology that will shape military strategy. It will
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  Speaker 2: also shape intelligence gathering, it will shape cybersecurity. It will
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  Speaker 2: also shape medicine, manufacturing, and economic power. And there's one
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  Speaker 2: country that desperately wants to beat America. I'll say it again,
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  Speaker 2: it's China. Now, to be clear, the Chinese Communist Party
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  Speaker 2: has invested hundreds of billions of dollars. I'm gonna say
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  Speaker 2: that again, hundreds of billions of dollars to dominate AI.
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  Speaker 2: They know whoever leads the AI race will possess enormous
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  Speaker 2: economic and military advantages. Now, President Trump's directive recognizes that
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  Speaker 2: reality that the United States isn't going to sit back
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  Speaker 2: and surrender technological leadership. We're going to lead. We're going
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  Speaker 2: to be innovative. We're going to make sure American technology,
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  Speaker 2: not Chinese technology, defines the future of the greatest country
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  Speaker 2: in the world. Now, let's talk about another area real quick,
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  Speaker 2: where the administration is also taking aggressive action. Again, I
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  Speaker 2: tell you these things because the media refuses to cover this.
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  Speaker 2: The goal, by the way, is pretty simple. It's on
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  Speaker 2: the issue of crime. The Department of Justice has announced
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  Speaker 2: that they're calling the Model Cities Initiative a new way
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  Speaker 2: of fighting crime, targeting cities that have been overwhelmed by
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  Speaker 2: violent crime and then restoring law and order. Now, for years,
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  Speaker 2: Americans have watched major cities that send into chaos. We've
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  Speaker 2: seen retail theft, we've seen carjackings, violent crime, open air
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  Speaker 2: drug markets, businesses are fleeing. And when cities rise in crime,
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  Speaker 2: we also know what happens poverty and unemployment rates go up,
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  Speaker 2: Families then move out. Schools begin to fail at bigger
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  Speaker 2: rates than before, and the administration has said, enough is enough.
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  Speaker 2: We need to protect our big cities, and we need
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  Speaker 2: to do it because everyone, regardless of who they voted for,
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  Speaker 2: and regardless of how much cash flow they have, how
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  Speaker 2: much they make, deserve to have you guessed it a
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  Speaker 2: safe city. It is also good for the economy, and
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  Speaker 2: the President understands that. Now, this initiative designed to bring
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  Speaker 2: federal resources and they say to fight and help communities
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  Speaker 2: reclaim their streets. Immigration enforcement is also continuing to intensify,
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  Speaker 2: which yes, helps protect American workers. Now. This week, border
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  Speaker 2: patrol agents in Arizona, for example, stopped an operation involving
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  Speaker 2: dozens of legal immigrants who were driving semitrucks, putting your
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  Speaker 2: lives at risk on the roadways. Now, think about how
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  Speaker 2: brazen that has become. Look In New Jersey, authorities arrested
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  Speaker 2: individuals accused of attempting to disrupt operations and an ice
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  Speaker 2: attention facility. They were demanding that everyone in there, including rapists,
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  Speaker 2: child molesters, human traffickers, and drug dealers, were let out
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  Speaker 2: of the facility. The message from this administration, however, is
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  Speaker 2: really clear the laws are going to be enforced, borders
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  Speaker 2: actually have a meaning, they matter, and national sovereignty matters.
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  Speaker 2: Now you look about all of these issues, they all
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  Speaker 2: go back to one thing. With President Trump. Every American family,
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  Speaker 2: he says, is his first priority. Yes, he also wants
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  Speaker 2: to protect Americans from financial fallout and prescription drug prices.
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  Speaker 2: We're saying. The President also talked about this week announcing
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  Speaker 2: additional actions designed to lower costs and increase transparency in pricing.
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  Speaker 2: For years, Americans have complained and have been strapped for
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  Speaker 2: cash when it comes to paying for medications, and we
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  Speaker 2: pay a lot more than other countries. It's an issue
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  Speaker 2: that Donald Trump led on. Democrats, by the way, have
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  Speaker 2: talked about it for years, so Republicans. But this administration,
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  Speaker 2: they're taking direct action to put pressure on the system
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  Speaker 2: and reduce costs for every American. And if you talk
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  Speaker 2: about accountability, well, the President also signed a directive aimed
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  Speaker 2: at increasing accountability through the federal workforce. The basic premises
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  Speaker 2: past week is pretty straightforward. Xs Payers expect government employees
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  Speaker 2: to work for the taxpayers, and the administration says performance, productivity,
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  Speaker 2: and accountability should matter in government, just like they matter
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  Speaker 2: in the private sector. So you take a look at
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  Speaker 2: all of this. The Trump effect is real. Just this week,
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  Speaker 2: more than three point four billion and new investments were
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  Speaker 2: announced three point four billion, General Dynamics announce twohundred million
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  Speaker 2: in investments, USG announced one billion investment. These are just
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  Speaker 2: some of the people that are investing in America. So
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  Speaker 2: for years Americans have become dangerously dependent on foreign suppliers.
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  Speaker 2: This present saying not anymore. You want to know what
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  Speaker 2: the Trump plan is, putting Americans first and fighting on
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  Speaker 2: all of these issues at the same time.
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  Speaker 3: Thank you for listening to the forty seven Morning Update
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  Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever
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  Speaker 3: you're listening to this podcast right now and for more
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  Speaker 3: in depth news, also subscribe to the Ben Ferguson podcast
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  Speaker 3: and we will see you back here tomorrow