Latest / The 47 Morning Update with Ben Ferguson / Trump's Lake America Move plus Beef Monopoly in America-Dice Not Included

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Trump's Lake America Move plus Beef Monopoly in America-Dice Not Included · The 47 Morning Update with Ben Ferguson

• 0:00
  Speaker 1: Please, please, when it comes to beef, please look at
• 0:04
  Speaker 1: the cartel that is the meat processing cartel. I mean,
• 0:10
  Speaker 1: that is, I run a ranch, so I know what
• 0:14
  Speaker 1: it's like. And I'm telling you, it is the processing plants.
• 0:17
  Speaker 1: There's four of them, and I think two of them
• 0:19
  Speaker 1: are not even American.
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  Speaker 2: It's bad.
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  Speaker 3: You're listening to the 47 Morning Update with Ben Ferguson.
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  Speaker 4: Good Friday morning. Nice to have you with us on
• 0:27
  Speaker 4: the 47 Morning Update. And we've got two big stories
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  Speaker 4: for you. First up, you may remember when Donald Trump
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  Speaker 4: decided to change the Gulf of Mexico to the Gulf
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  Speaker 4: of America. Well, now he's changing the name of Lake
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  Speaker 4: Ontario to Lake America. And it all has to do
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  Speaker 4: with what is happening with the trade negotiations with Canada.
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  Speaker 4: We'll break it down for you. Also, Donald Trump making
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  Speaker 4: a very interesting conversation turn into what could be major
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  Speaker 4: policy changes to lower the price of beef for all
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  Speaker 4: Americans happening in a conversation he had with Glenn Beck.
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  Speaker 4: We have the details for you and what it could
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  Speaker 4: mean moving forward for what you're paying for beef at
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  Speaker 4: the grocery store. It's the 47 Morning Update, and it
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  Speaker 4: starts right now.
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  Speaker 3: Story number one.
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  Speaker 4: I want to take you back in time to one
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  Speaker 4: of the things the president of the United States of
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  Speaker 4: America did to send a clear message to Mexico and
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  Speaker 4: to other countries that, well, when he's in charge, we're
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  Speaker 4: not messing around. Remember the Gulf of Mexico? And he
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  Speaker 4: renamed it the Gulf of America. It wasn't just about
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  Speaker 4: renaming a body of water. It was about sending a
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  Speaker 4: message that America is back. And it clearly sent a message,
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  Speaker 4: a message that many would believe absolutely worked, especially when
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  Speaker 4: it comes to the issue of securing our southern border. Well,
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  Speaker 4: now President Trump is taking that same game plan and
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  Speaker 4: using it when it comes to tariff leverage with Canada.
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  Speaker 4: President Donald Trump signing an executive order on Thursday, renaming
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  Speaker 4: Lake Ontario Lake America, all because the trade tensions with Canada. Now,
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  Speaker 4: this move comes less than a week after prospects of
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  Speaker 4: a trade deal with Canada collapsed. And days after he
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  Speaker 4: announced a 50 percent tariff on Canadian autos, and Steele
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  Speaker 4: set to kick in next year, giving time for a
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  Speaker 4: deal to be done. The president saying this at the
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  Speaker 4: White House as he was signing the executive order.
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  Speaker 5: We're going to be changing the name of Lake Ontario,
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  Speaker 5: effective immediately to Lake America. That's going to take place
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  Speaker 5: right now as I sign the Do you have anything
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  Speaker 5: to say about it, Ben?
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  Speaker 6: Yes, sir.
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  Speaker 7: So this is a straightforward but important executive order. It
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  Speaker 7: directs Secretary Burgum and the Department of the Interior to
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  Speaker 7: update the Geographic Names Information Service to reflect that the
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  Speaker 7: lake once known as Lake Ontario will from this day
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  Speaker 7: forward be known as Lake America. This is a lake
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  Speaker 7: that has most of its volume in the United States.
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  Speaker 7: The deepest parts of the lake sit in United States territory,
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  Speaker 7: so this will.
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  Speaker 2: Reflect that this is an American lake.
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  Speaker 5: Thank you. Okay. And we filed all the necessary papers, documents,
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  Speaker 5: everything else. We've notified all of the various people that
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  Speaker 5: we have to notify. So we've done everything that you
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  Speaker 5: have to do. And this is official, effective immediately.
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  Speaker 4: Now, this also comes, the president made it very clear
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  Speaker 4: in a phone call to Glenn Beck that it's time
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  Speaker 4: for Canada to understand what we're doing. But before we
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  Speaker 4: All right, I want you to hear what the president
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  Speaker 4: had to say to Glenn Beck in his show earlier today.
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  Speaker 6: He charged tariffs. They take advantage of us as though
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  Speaker 6: they were a state, and they're not a state. And
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  Speaker 6: they've taken our car industry, and they've taken our agriculture industry.
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  Speaker 6: You know, the farmers can't sell anything in there because
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  Speaker 6: the tariffs are so enormous, and yet they want to
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  Speaker 6: sell in us without any cash. So I had a deal.
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  Speaker 6: That was a pretty good deal, you know, quite good,
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  Speaker 6: because they're afraid that I won't do anything. In other words,
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  Speaker 6: we won't trade. They don't have anything that we have
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  Speaker 6: to have. OK, we can get by. I mean, there
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  Speaker 6: are a couple of things that would make it a
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  Speaker 6: little inconvenient, but we could get them elsewhere. And it's
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  Speaker 6: time to teach Canada you can't do this anymore.
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  Speaker 4: The president yet again reiterating what he said in the
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  Speaker 4: Oval Office. Canada has been ripping us off for far
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  Speaker 4: too long on trade and they want to be treated
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  Speaker 4: like a state. But they're not a state. We just
• 6:27
  Speaker 4: can't do that anymore. The president also signing that executive order,
• 6:32
  Speaker 4: renaming Lake Ontario as Lake America. And you could even
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  Speaker 4: say it's psychological warfare. Canada, he's saying it's time for
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  Speaker 4: you to understand you cannot take America for granted. The
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  Speaker 4: president also said that over the past 15 years, the U.S.
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  Speaker 4: has been losing an average of $ 60 billion a year
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  Speaker 4: to Canada. We lose on average over the last 15
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  Speaker 4: years $ 60 billion. And so we just can't do it anymore.
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  Speaker 4: We love the people of Canada. I don't think their
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  Speaker 4: representatives do an appropriate job. Maybe they'll change. I really
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  Speaker 4: don't know. It doesn't make much difference, the president went
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  Speaker 4: on to say. He also says he's been thinking about
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  Speaker 4: the name change of Lake Ontario for a long time.
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  Speaker 4: He said, so the lake change, the Lake of America,
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  Speaker 4: was something I've been thinking about for a very long time.
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  Speaker 4: As you know, we took something called the Gulf of Mexico.
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  Speaker 4: We changed it, and now it's very routinely the Gulf
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  Speaker 4: of America. If you think about it, we have a
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  Speaker 4: gulf and we have a lake. Now all we need
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  Speaker 4: is an ocean. So maybe we'll have to change the
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  Speaker 4: name of the Atlantic and or the Pacific. And that,
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  Speaker 4: by the way, was the line that made the left
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  Speaker 4: and the media lose their minds altogether. The president smiling,
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  Speaker 4: saying maybe we'll change both.
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  Speaker 3: Next, story number two.
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  Speaker 4: Now, there was also another major development today, and it
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  Speaker 4: deals with the price of beef. Many of you have
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  Speaker 4: been watching the prices go up as I have. I
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  Speaker 4: even own a barbecue shop, and I can tell you
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  Speaker 4: it is painful where the price of beef is right now.
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  Speaker 4: And the president was asked about those beef prices. He
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  Speaker 4: was talking to Glenn Beck. Glenn is also a rancher.
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  Speaker 4: And if you know anybody in the ranching industry, they'll
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  Speaker 4: tell you exactly this, or in the restaurant industry, that
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  Speaker 4: there is a monopoly on beef in the United States
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  Speaker 4: of America. There are three big packers, and they control
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  Speaker 4: pricing in a way that is incredibly unfair. And so
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  Speaker 4: Glenn Beck said this to the president, and it was
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  Speaker 4: very interesting to see his reaction.
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  Speaker 2: I have to tell you, Mr.
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  Speaker 1: President, I didn't plan on talking about this and we
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  Speaker 1: can get into it a later date. But please, please,
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  Speaker 1: when it comes to beef, please look at the cartel
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  Speaker 1: that is the meat processing cartel. I mean, that is
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  Speaker 1: I run a ranch, so I know what it's like.
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  Speaker 1: And I'm telling you, it is the processing plants. There's
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  Speaker 1: four of them, and I think two of them are
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  Speaker 1: not even American.
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  Speaker 2: It's bad. And I believe they're colluding with each other.
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  Speaker 6: I'm surprised that the ranchers and the farmers haven't done
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  Speaker 6: it because they're smart as hell. I'm surprised because that's
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  Speaker 6: been going on a long time, Glenn, long before I
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  Speaker 6: got here.
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  Speaker 2: Help us. Help us.
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  Speaker 1: We can't butcher with all of the federal regulations. It
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  Speaker 1: is really hard. If there's something you can do to help.
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  Speaker 6: Glenn, is that just a question of regulation, do you think?
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  Speaker 2: A lot of it is. Yeah, a lot of it is.
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  Speaker 2: The inspections are insane.
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  Speaker 6: So they make the regulations so tough that, so could
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  Speaker 6: you do it, if you didn't have those regulations, could
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  Speaker 6: you do it on your ranch?
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  Speaker 2: Yes.
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  Speaker 6: And is that the way to do it? Or do
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  Speaker 6: you think you need some pretty strong regulations?
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  Speaker 1: Break the back, break the back of those processing plants.
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  Speaker 1: There's people that want to build processing plants everywhere. The
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  Speaker 1: regulations are killing us. Just killing us.
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  Speaker 6: So you're saying with less regulation, you think that the
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  Speaker 6: ranchers and farmers would do a very good job of
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  Speaker 6: processing the beef?
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  Speaker 2: Yes. Wow. Yes.
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  Speaker 6: I know.
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  Speaker 2: I know.
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  Speaker 6: I've been hearing about this problem for 20 years. I've
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  Speaker 6: been hearing about this problem.
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  Speaker 2: Free your people. Let our people go. Let your people go.
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  Speaker 2: You know what?
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  Speaker 6: This could be a very good call for ranchers and farmers. No,
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  Speaker 6: for the country.
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  Speaker 2: That would be good.
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  Speaker 6: No, I've been hearing only bad about it's four places
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  Speaker 6: and it's a monopoly.
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  Speaker 2: It is. And this would break their back.
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  Speaker 6: Who's controlling those regulations? Department of Agriculture?
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  Speaker 2: Yes. And FDA. And the FDA. Or is it USDA?
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  Speaker 1: I can't remember which one, but it's the federal regulator.
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  Speaker 1: It's all the inspections. It's all the inspections.
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  Speaker 4: You listen to Glenn Beck there, and these are the
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  Speaker 4: conversations that are really important. The president, they're listening. This
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  Speaker 4: sounds an awful lot like the same conversation the president
• 10:43
  Speaker 4: had With a waiter out in Las Vegas when the
• 10:46
  Speaker 4: idea of no tax on tips and no tax on
• 10:49
  Speaker 4: overtime became a big campaign slogan. And then after it
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  Speaker 4: was a campaign slogan, it became law. The president listening
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  Speaker 4: and then realizing there's a problem in the country with
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  Speaker 4: beef prices. And as you heard him say, there's only
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  Speaker 4: four processors. Some would say there's almost only three if
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  Speaker 4: you look at the data. But it's very clear now
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  Speaker 4: that the president of the United States of America is
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  Speaker 4: taking a new look at what he can do to
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  Speaker 4: help ranchers be able to get their beef to market
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  Speaker 4: in a more easy way. And that could lower prices
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  Speaker 4: significantly for every American consumer.
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  Speaker 3: Thank you for listening to the 47 Morning Update with
• 11:27
  Speaker 3: Ben Ferguson. Please make sure you hit subscribe. wherever you're
• 11:31
  Speaker 3: listening to this podcast right now. And for more in-depth news,
• 11:35
  Speaker 3: also subscribe to the Ben Ferguson Podcast, and we will
• 11:38
  Speaker 3: see you back here tomorrow.