Latest / The 47 Morning Update with Ben Ferguson / Trump Swaps Shipping Fees for Gulf Investment Bonanza

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Trump Swaps Shipping Fees for Gulf Investment Bonanza · The 47 Morning Update with Ben Ferguson

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  Speaker 1: But most importantly, addressing this crisis of election security demands
• 0:05
  Speaker 1: that Congress must pass the Save America Act. How easy
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  Speaker 1: is that to do unless you want to cheat? The
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  Speaker 1: only reason you wouldn't do it is you want to
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  Speaker 1: cheat because your policies are so bad and your candidates
• 0:20
  Speaker 1: are so pathetic that you can't get away or can't
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  Speaker 1: get elected any other way. This landmark bill requires that
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  Speaker 1: all voters must show photo voter ID.
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  Speaker 2: How simple is that.
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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 Friday morning.
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  Speaker 4: Nice to have you with us on the forty seven
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  Speaker 4: Morning Update, and we've got two.
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  Speaker 2: Big stories for you.
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  Speaker 4: First up, the President has a major update on the
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  Speaker 4: straight of hormus and it now means that those tolls
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  Speaker 4: that were promised that we're going to be paid they
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  Speaker 4: may be disappearing because of a new deal. Also, the
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  Speaker 4: media and the economists, yeah, they got it wrong. Inflation
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  Speaker 4: numbers are out and it was a big drop, in fact,
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  Speaker 4: the biggest drop in inflation in six years.
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  Speaker 2: So where is it.
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  Speaker 4: Now and how did the economists and everyone else get
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  Speaker 4: it wrong? Could it be it's just because they hate
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  Speaker 4: Donald Trump. We'll explain it to you now. Before we
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  Speaker 4: get to both those stories, I want to talk to
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  Speaker 4: mess are ready and waiting to resume their destruction their
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  Speaker 4: progressive agenda. And protecting this momentum takes more than votes.
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  Speaker 4: That's Patriotmobile dot com slash Ben forty seven or nine
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  Speaker 4: to seven to two Patriot To make that switch today,
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  Speaker 4: it's the forty seven Morning Update and it starts right now.
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  Speaker 3: Story number one.
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  Speaker 4: The Strain of War moves remains one of the most
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  Speaker 4: strategically important waterways on Earth. That's why we're talking about
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  Speaker 4: it so much. As I've said before, about one fifth
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  Speaker 4: of the world's all supply normally passes through the shipping
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  Speaker 4: lane each and every day. President Donald Trump has continued
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  Speaker 4: now to escalate pressure on Iran while also adjusting parts
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  Speaker 4: of his strategy, and today Trump said no country should
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  Speaker 4: be charging ships a fee to pass through the strain
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  Speaker 4: of war moves backing away from that earlier proposal for
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  Speaker 4: a US imposed transit fee.
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  Speaker 1: Now.
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  Speaker 4: I'm going to have more on that in a moment,
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  Speaker 4: But the military situation remains extremely tense. The United States
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  Speaker 4: has continued intense strikes against the Iranian military targets after
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  Speaker 4: accusing Tehran of violating previous understandings and threatening shipping throughout
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  Speaker 4: the Persian Gulf. Iranian forces have also responded with missile
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  Speaker 4: and drone attacks targeting Golf Region facilities and maritime traffic,
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  Speaker 4: keeping the entire region well on edge.
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  Speaker 2: Now.
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  Speaker 4: One of the biggest concerns right now is still very
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  Speaker 4: much commercial shipping. Major shipping companies are continuing to monitor
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  Speaker 4: the situation carefully, and vessel traffic through the strait has
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  Speaker 4: slowed significantly. Why because the insurers and the cargo companies
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  Speaker 4: and the tanker operators are now weighing the real growing
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  Speaker 4: risk from Iran. Every reduction in shipping raises concerns about
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  Speaker 4: higher energy prices and potential supply disruptions if the conflict worsens. Meanwhile,
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  Speaker 4: Iran's political leadership is also signaling that it intends to
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  Speaker 4: maintain quote unquote their pressure.
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  Speaker 2: According to new reports.
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  Speaker 4: Lawmakers in Tehran are advancing legislation really to Iranians con
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  Speaker 4: over the Strait of hor Moves. That is a move
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  Speaker 4: that analysts believe is intended to both strengthen Iran's negotiating
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  Speaker 4: position and also demonstrate resolve domestically and send a clear
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  Speaker 4: message of the US and the Middle East that they're
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  Speaker 4: not done fighting.
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  Speaker 2: Now.
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  Speaker 4: From Washington, the Trump administration is continuing to argue that
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  Speaker 4: freedom of navigation must be protected and that Iran cannot
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  Speaker 4: be allowed to threaten one of the world's most important
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  Speaker 4: maritime choke points. Now, military analysts also say the United
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  Speaker 4: States now faces two well simultaneous objectives. Number one, protect
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  Speaker 4: international shipping, and then number two, to prevent the conflict
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  Speaker 4: from expanding into a broader regional war involving additional countries
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  Speaker 4: that Iran would love to bring into the mix. Now
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  Speaker 4: these goals are becoming increasingly difficult. Why because Iran continues
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  Speaker 4: to act more and more erratic each and every day. Now,
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  Speaker 4: the financial markets are also watching every development closely, and
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  Speaker 4: this does have an impact on you and your family's budget.
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  Speaker 4: Oil prices have climbed sharply amid the renewed fears of
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  Speaker 4: supply disruptions, and investors are trying to determine whether this
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  Speaker 4: becomes a prolonged confrontation or whether diplomacy can eventually reduce tensions.
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  Speaker 4: Even rumors surrounding the Strait of hor moves can move
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  Speaker 4: global markets instantly because of its enormous importance to international
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  Speaker 4: energy and President Trump has also made it clear that
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  Speaker 4: he believes America's role in protecting international shipping has come
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  Speaker 4: at significant costs to the United States of America, and
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  Speaker 4: that's why he talked about having a proposed transit fee. Well,
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  Speaker 4: let's talk about what has happened with that in the
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  Speaker 4: last twenty four hours now. President Donald Trump announced on
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  Speaker 4: Tuesday afternoon that he has now decided to replace his
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  Speaker 4: proposed twenty percent reimbursement fee on cargo ships transiting the
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  Speaker 4: Straight of Hormus with trade and investment deals involving gulfs dates,
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  Speaker 4: while maintaining a blockade on ships traveling to or from
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  Speaker 4: Iranian ports or carrying Iranian cargo that would include their
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  Speaker 4: oil quote. Oil is flowing like never before thanks to
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  Speaker 4: the awesome power of the United States military Trump said
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  Speaker 4: on true social He credited the Secretary of War Pete Headseth,
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  Speaker 4: the Chairman of the Joint Chiefs and the US Central Command,
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  Speaker 4: and American service members for the victory.
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  Speaker 2: Trump said the sort of.
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  Speaker 4: Ramus is open to all ships traffic except for Iran,
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  Speaker 4: blaming Tehran saying they're lying violent and malicious leadership for
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  Speaker 4: place in the country and a path towards quote total destruction,
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  Speaker 4: the president saying, we will therefore have a full blockade,
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  Speaker 4: but only on ships coming to and from Iranian ports
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  Speaker 4: or carrying anything that has to do with Iranian cargo.
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  Speaker 4: And The President announced then that he would replace that
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  Speaker 4: twenty percent fee that he proposed Monday to reimburse the
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  Speaker 4: United States for protecting international shipping through the waterway with
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  Speaker 4: something different, saying, quote, based on highly productive conversations with
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  Speaker 4: Middle East leadership, I've decided to replace the twenty percent
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  Speaker 4: United States reimbursement fee with trade and investment deals that
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  Speaker 4: the various Golf States will be making into the United
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  Speaker 4: States of America. The President also described the planned investment
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  Speaker 4: as massive and said they would also be extraordinarily good
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  Speaker 4: for the Gulf States and their futures, as well as
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  Speaker 4: everyone is aware. We have the largest dollar investment into
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  Speaker 4: the United States of any country in history. But these
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  Speaker 4: new investments will make the number even larger, and we
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  Speaker 4: will see factories, plants, and equipment pour into the United
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  Speaker 4: States at historic levels, which will then create additional millions
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  Speaker 4: of high paying American jobs. The president said, America is
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  Speaker 4: winning again, winning like never before. The days of Iran
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  Speaker 4: killing hundreds of thousands of people fifty two thousand protesters
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  Speaker 4: are over, and most importantly, Iran will never have a
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  Speaker 4: nuclear weapon now. Trump's announcement also came after US forces
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  Speaker 4: carried out a five hour mission targeting Iranian coastal defense systems,
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  Speaker 4: missile and drone sites, and maritime capabilities to further degrade
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  Speaker 4: Iran's ability to attack commercial shipping. US Central Command said
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  Speaker 4: the strikes hit military targets across Iran, including many areas
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  Speaker 4: that were very close to where the shipping channel is.
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  Speaker 1: Now.
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  Speaker 4: Trump had declared the ceasefire over and said the United
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  Speaker 4: States would take over the Strait of Hormus and become
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  Speaker 4: its guardian now. Trump first announced that twenty percent reimbursement
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  Speaker 4: on Monday, declaring that the United States and the Straight
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  Speaker 4: of hor moves would be open and it will remain
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  Speaker 4: open with or without Iran. And that is when he
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  Speaker 4: said the United States was reinstating that Iranian blockade, which
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  Speaker 4: would only stop Iran ships or customer from entering or leaving,
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  Speaker 4: while all other countries would have fair and open use
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  Speaker 4: of the strait. Trump said the United States would expect
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  Speaker 4: to be reimbursed for protecting international shipping at that rate
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  Speaker 4: of twenty percent on all cargo ships. Now, the President
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  Speaker 4: has clearly changed that. Now here's what's happened. When it
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  Speaker 4: comes to the price of the pump. Oil prices have
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  Speaker 4: risen four percent in early trading on Monday going into Tuesday.
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  Speaker 4: Goldman Sachs came out and warned that the renewed escalation
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  Speaker 4: would increase short term risk of higher prices by further
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  Speaker 4: disrupting golf exports. And that is exactly why the President's
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  Speaker 4: made it clear that in America, we have to continue
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  Speaker 4: to drill, baby, drill. One thing is for sure, the
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  Speaker 4: President is being very proactive right now making sure that
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  Speaker 4: Iran doesn't hold the world hostage. And also the President
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  Speaker 4: says the US will knock out Iran's power plants and
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  Speaker 4: bridges next week unless the regime makes a deal. Take
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  Speaker 4: a listen to what the President had to say in
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  Speaker 4: his own worlds. Strikes were seen this week against Iran
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  Speaker 4: will expand, are you considering hitting energy targets or other locations.
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  Speaker 1: I'll save the energy targets for last, but ultimately we'll
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  Speaker 1: hit energy targets. Yeah, but we're going to hit them
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  Speaker 1: very hard. Tonight, We're going to hit them very hort.
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  Speaker 1: Tomorrow night, we're gonna hit him very hard the night after.
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  Speaker 1: And then next week it gets really bad for them
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  Speaker 1: because next week comes the power plants. Next week comes
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  Speaker 1: the bridges. We're going to knock out all their power plants.
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  Speaker 1: We're going to knock out all the bridges unless they
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  Speaker 1: get to the table and negotiate.
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  Speaker 2: Do you believe the Iranians are serious about making a deal.
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  Speaker 1: I think they have no choice.
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  Speaker 2: Why haven't they yet?
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  Speaker 1: I think if I didn't do the way I'm doing,
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  Speaker 1: they would never make a deal.
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  Speaker 4: So there's the President in his own words, saying that
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  Speaker 4: next week the US will not out RAN's power plants
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  Speaker 4: and bridges unless the regime makes a deal. We'll obviously
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  Speaker 4: keep you updated on all of this. Next story Number two,
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  Speaker 4: All sixty seven economists got Donald Trump's inflation report wrong.
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  Speaker 4: That's right, America. They want you to believe the economy
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  Speaker 4: is terrible. But real inflation it just dropped by zero
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  Speaker 4: point four percent.
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  Speaker 2: That is the biggest drop in six years.
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  Speaker 4: Bloomberg surveyed sixty seven economists, and sixty seven of those economists,
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  Speaker 4: like I said, got it wrong. Now, the latest consumer
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  Speaker 4: price Index shows that inflation cooled much more than the
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  Speaker 4: analysts had expected. Consumer price is following zero point four
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  Speaker 4: percent from the previous month. Again, that is the largest
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  Speaker 4: monthly decline since the early months of the COVID nineteen pandemic. Now,
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  Speaker 4: while the annual inflation rate slowed also to three point five,
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  Speaker 4: down from four point two in May. Economists had generally
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  Speaker 4: expected inflation to well somewhat cool, but not the much
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  Speaker 4: and certainly not this fast.
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  Speaker 2: Now.
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  Speaker 4: The financial markets, they reacted quickly. Stocks moved higher, Treasury
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  Speaker 4: yields fell, and investors increased expectations that the Federal Reserve
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  Speaker 4: could leave interest rates unchanged in the near term because
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  Speaker 4: inflation came in cooler than forecasted by all the quote
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  Speaker 4: unquote experts. Now, much of the improvement came from lower
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  Speaker 4: energy costs, gasoline prices dropped sharply during June, contributing significantly
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  Speaker 4: to the overall decline in inflation, and while lower fuel
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  Speaker 4: prices were the biggest driver, the report also showed that
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  Speaker 4: core inflation now that includes food and energy, was essentially
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  Speaker 4: flat for the month and slow to two point six
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  Speaker 4: percent over the past year. That's not just good news.
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  Speaker 4: That is great news for all Americans. As for President Trump,
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  Speaker 4: this report is an opportunity for him to argue that
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  Speaker 4: the economy is moving in the right direction under his administration.
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  Speaker 4: And throughout the year, he had made that inflation would
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  Speaker 4: come down while economic growth remain resilient, and today's report
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  Speaker 4: supports the view that inflation ease more than many forecasters
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  Speaker 4: had anticipated. You got to ask yourself the question, is
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  Speaker 4: it because the media and the economists they hate President
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  Speaker 4: Trump and they want him to have a big loss
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  Speaker 4: in the midterm elections.
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  Speaker 2: That's why they keep preaching doom and gloom.
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  Speaker 4: Even though I'll say it again, this is the biggest
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  Speaker 4: inflation drop in six years. Now what this also means,
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  Speaker 4: and it's also very important for you to understand that
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  Speaker 4: this report represents meaningful progress compared with the elevated inflation
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  Speaker 4: reading scene earlier this year. When you have lower monthly inflation,
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  Speaker 4: that can translate into less pressure on household budgets, and
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  Speaker 4: it also reduces the need for additional interest rate increases
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  Speaker 4: if the trend continued. The bottom line is this, today's
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  Speaker 4: inflation report came in much better than expected. That's why
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  Speaker 4: the media is not going to be talking about it.
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  Speaker 4: And if it was a bad report, it would have
• 15:04
  Speaker 4: been leading the news on every channel, but now they
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  Speaker 4: don't want you to know this Now the markets they
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  Speaker 4: also welcome the news. It also strengthened the argument that
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  Speaker 4: inflation pressures ease significantly during June could be a real
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  Speaker 4: sign of what's to come. Now, whether this marks the
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  Speaker 4: beginning of a lasting trend, it's going to depend on
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  Speaker 4: the future reports. It's going to depend on energy prices
• 15:29
  Speaker 4: and broader economic conditions. But one thing is for sure.
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  Speaker 4: Today's data shows that were undeniably stronger as a country
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  Speaker 4: than all the economists talking to Bloomberg had anticipated. And
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  Speaker 4: the reason why is because President Donald Trump continues to
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  Speaker 4: push policies that put the American worker ahead of everyone else.
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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
• 16:01
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• 16:05
  Speaker 3: and we will see you back here tomorrow