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When we have good news, the market should go up and we have bad news, the market should go down and we'll take care of inflation as it comes. We can take care of it. I took care of it. I had the worst inflation in history with Biden, aside from borders and everything else that we had to take care of. But we had the worst inflation in history. And now for the last three months, as you know, it was 1.3%.

Ben Ferguson (3:04)

You're listening to the 47 Morning Update with Ben Ferguson.

News Anchor (3:08)

Good Wednesday morning. It's so nice to have you with us on the 47 Morning Update and we've got several big stories for you. They all involve Donald Trump sitting down and talking about major issues that affect you. Also talking about foreign policy with Iran, talking about no one coming through the borders, Trump talking about sanctuary cities and also interest rates and how they could affect you. And even talking about the fraud in Minnesota. It's the 47 Morning Update and it starts right now.

Ben Ferguson (3:38)

Story number one, President Donald Trump doing.

News Anchor (3:40)

Another sit down interview, talking about a wide range of issues and we're going to get into many of those. But one of the ones that was very important to the president was dealing with Iran, saying that Iran would be foolish not to make a nuclear missile deal. He also talked about sending a second aircraft carrier to the region. Trump warning Iran don't be foolish and get a deal done now. The comments landed hours after Axios reported that Trump is considering sending a second aircraft carrier strike group to the Middle East. If negotiations collapse, either we will make a deal or we will not have a deal and we'll have to do something very tough like last time, trump told Axos, adding, we have an armada that is heading there and another one might be going. A US Official also confirmed discussions about deploying another strike group, Axos reported, in addition to the USS Abraham Lincoln and its strike group. And this is clearly a buildup that Trump is framed as both leverage and the alternative to diplomacy. In that context, last time is a direct reference to the Operation Midnight Hammer, the US strikes on Iran's nuclear sites roughly six months ago that cap the 12 day Israel Iran war, a precedent Trump is explicitly holding up as the consequences of Iranian defiance. That threat of Escalation is colliding with Tehran's declared red lines. Iran has publicly insisted negotiations be limited strictly to nuclear enrichment levels, not enrichment itself, and has rejected any discussion of missiles or regional proxy forces. That would be them supporting Hezbollah, Hamas and other terrorist organizations. And that's where the fueling of the skepticism in Washington as well as in Israel and Jerusalem that a comprehensive deal is, well, maybe not even realistic with Iran. The Israeli Prime Minister Netanyahu is also set to meet with President Trump today at the White House. With Iran being the first and foremost issue on the agenda. Netanyahu said he has departed for Washington, adding he will represent the essential principles he argues are vital not only for Israel, but to everyone around the world who wants peace and security in the Middle East. Now this also comes as U.S. ambassador to Israel Mike Huckabee, speaking before boarding a flight to Washington with Netanyahu, said there is, quote, extraordinary alignment between Israel and the United States on Iran, while stressing the outcome ultimately depends on Tehran's choices. On the Iranian side, officials move quickly to reinforce their position. The Iranian foreign minister said Tuesday that Israel is attempting to sabotage diplomacy and warned US Officials not to allow outside actors to shape American foreign policy, while also criticizing new sanctions announced after the Oman meetings took place. Now, this isn't all that the president dealt with today. In the interview, he also talked about the border and how important it is that we have a secure border. Here's what President Trump had to say on Fox Business with Larry Kudlow.

Donald Trump (7:06)

We have the strongest border in the history of our country. We have Democrat people giving us the statistics that no people have come into our country illegally in the last eight months. Even I can't believe that totally, but I'll take it. But essentially no people have come in. Nobody's coming through our border. They only come in legally. We've done an unbelievable job. I don't think we've given any credit. One of the problems that I find in politics. So I got elected to a large extent on the border. I've done such a good job in the border that nobody wants to talk about it anymore. Like when I mentioned border, sir, they don't want to hear about you solve that problem. I don't get any credit for anything. I mean, I do these things. You would say I've done a great job at the border, right? Nobody coming in. We have a strong border. Drugs are way down. You know, by knocking out those boats, we, we have dropped drugs, Fentola, about 33%. And now we're going to Start on land. We had to do the boats first because they would go immediately to the boats. If you hit them on land, they go to the boat. So we do the boats first. Now there are no boats. Now we're going to hit them on land. We're going to hit them very hard on land. We've knocked down drugs. Every one of those boats, it's nasty, but every one of those boats that shot down in the. In the seas, you've been watching it. We saved 25,000American lives. So we've done a great job. The problem is that I'm not sure that people see it. Maybe we have a public relations problem because I don't know that we get it out the way it should, because I don't think anybody has had a more successful first year as a president than I have with all of the things we did. And then in the previous administration, my previous. My first term, I rebuilt the military, and that's why we had Venezuela. Tremendous success, as you know. We have a massive flotilla right now going over to Iran. We'll see what happens. I think they want to make a deal. I think they'd be foolish if they didn't. We took out their nuclear power last time, and we'll have to see if we take out more this time, do.

Interviewer (9:11)

You think a deal with Iran.

News Anchor (9:13)

Now, the president also talked about the issue with sanctuary cities as well. And here's what he had to say about the criminals that are being protected by so many liberals.

Interviewer (9:23)

It just seems to me, in general, writ large, if you abide by the immigration laws, stop all this sanctuary city business. That's the most affordable thing possible. You save. I mean, I look at what's happened in New York, okay, what Mayor Adams had to spend, he spent a fortune on, you know, 10, $12 billion, maybe $15 billion, because he was giving money away to illegals, many of whom were criminal illegals. I mean, it seems to me if. If those laws are upheld, if sanctuary cities, for example, are defunded, as some, as you have talked about, Lindsey Graham has talked about, that's an affordability issue. There are huge savings there, and you can go after the waste fraud.

Donald Trump (10:08)

So Lindsey Graham is really hot on getting rid of sanctuary. I'm backing him 100%. We got to do it. We're hot. And it's sort of the Security act, you could call it, but we have to do it. You know, sanctuary cities are only good for people. It's sanctuary for criminals. Okay? They are protecting criminals. Those states could hand those people over to us, their crime would go down. We'd get them out of the country. They can't do what we can do. We can get them out of the country. They can't do it. But they're sanctuaries for criminals. They have the worst. They have killers, they have drug lords, they have trend all over the place.

News Anchor (10:47)

Now, President Trump was also asked about the Minnesota fraud scandal and here's what he had to say about that.

Interviewer (10:54)

So you're going to still go after the whole waste, fraud?

Donald Trump (10:57)

Well, I am in Minnesota. Take a look at Minnesota. So we think it's at least $19 billion of fraud, medical, every fraud. Somalia has come in here. What they've done to our country, these people, they've come into our country and what they have done with that fake congresswoman, she's so bad. No, we're going to get to the bottom of it. We have the best. We have the best people in the maybe in the whole country looking at that. We're looking at California too, because California is worse. But, you know, if we find 50%, you know, look, they've been robbing and ripping off this country for many years, for decades, right? If we find 50% of what's happened, we have a balanced budget without cutting anybody. We have a balanced budget and we'll find it. Minnesota is very corrupt. California is very corrupt. A lot of states are very corrupt.

News Anchor (11:55)

You think about the tax issue there. He says we have a balanced budget if we can just cut out half of the corruption. That's how much is out there that is being wasted of your tax dollars as we speak. The President also had this to say about the future in this country for Americans when it comes to home ownership and interest rates. And also he was asked about the Fed chair pick. Take a listen.

Interviewer (12:23)

You know, you wanted Kevin Warsh. Officially, it was two Fridays ago, but when did you.

Donald Trump (12:29)

Well, I made a mistake. He was runner up, if you want to.

Interviewer (12:33)

He was a finalist.

Donald Trump (12:34)

Yeah, he was. And I made a mistake because I had somebody that was my Secretary of the treasury, wanted him so badly, so badly. And, you know, I didn't feel good about him. But sometimes you listen to people and it was a mistake. It was really a big mistake. But I think we're going to do something that's really spectacular. And then Biden renewed him, which was shocking to me. That was bad because Biden renewed him. I said, oh, boy, this is lousy because if I win, I'm going to inherit this guy for a period of time.

Interviewer (13:05)

Can I just raise one point?

Donald Trump (13:06)

All he has to do is lower interest rates. Interest rates should be low. You know, Every point is $600 billion. Think of that. $600 billion. All he has to do. If we went down two points, we don't have a deficit anymore. And that's without cutting. And it's just a paper charge. When you think about it, It's a paper charge. We should be the lowest interest rate in the world. The reason I bring up the Switzerland, because we should be lower than. We should be lower than everybody. You know, Switzerland's like, just about the lowest. If I charge them tariffs, they would not be doing very well. They would not be doing very well. I treated them very nicely, actually, but they would be. And many other countries would not be doing very well. So I'm being very judicious, to put it mildly. But this country should have the lowest interest rates in the world. We keep the world going. We allow. You know, how many. When I got here, almost every single country in the world that we did business with made money off of us. We didn't make money. We had deficits with everybody. And I call that a loss. You know, a lot of people say, oh, it doesn't matter. It does matter a lot to me. I call it a loss. So we are losing money with every single country in the world. Just about. There are a couple. I don't know what happened. Maybe we got lucky, but we had the worst negotiators and we had presidents that were lousy business people. And, you know, I liked Ronald Reagan, but Ronald Reagan was bad on trade. Everybody has problems. He was not good on trade. He allowed Japan to come in and Germany to come in, but we both like him. And he was a good president, but he wasn't good on.

Interviewer (14:43)

I cut my teeth with him. But Bob Lighthizer would disagree with you. I don't want to spend too much time. Reagan was tougher than you, than you think on.

Donald Trump (14:52)

Only on trade, I think. Well, he had the big, big shootout with Japan and he. He folded that.

Interviewer (14:59)

He wasn't.

Donald Trump (15:00)

And they came in and took our car market.

Interviewer (15:02)

Can I go back?

Donald Trump (15:03)

I'm a fan of his, and I thought he was, you know, just sort of a. Had a great presence. But on trade, if you look at every president we have over the last 50 years was bad on trade. Every single one.

Interviewer (15:17)

Well, they didn't understand.

Donald Trump (15:18)

But I'm not bad on trade. I'm real good on trade.

News Anchor (15:20)

You're arguing the president talking there not only about trade, but also saying the US should have the lowest interest rates in the world. Interest rates should be lower, and that means more Americans can afford to buy homes and other things. This is the Trump Doctrine on full display. And he's also doing interviews with whoever wants to talk to him. Another example of the President being so open about what he wants for this country.

Ben Ferguson (15:48)

Thank you for listening to the 47 Morning Update with Ben Ferguson. Please make sure you hit subscribe wherever you're listening to this podcast right now. And for more in depth news, also subscribe to the Ben Ferguson Podcast and we will see you back here tomorrow.

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