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This is an iHeart podcast. The US electric grid is approaching a breaking point. As demand soars from data centers and home energy use, our aging infrastructure can't keep up. And the Department of Energy warns that without action, blackouts could surge 100 fold by 2030. The good news? One solution is already here. Propane. It's American made, stored on site and always ready, powering homes and businesses with cleaner, reliable energy that doesn't depend on the grid or the weather. Learn more@propain.com I'm Rodney Williams. And I'm Travis Holloway. Welcome to the wealthbreak podcast, a real conversation about finance. Let's be honest, building wealth doesn't look the same for everyone. I feel like sometimes being broke is a cycle and that we might have to revisit that and we're not stopping at success stories. What happens when it doesn't go right? How do you cope with it? Because wealth isn't just about money. It's about creating a life where you thrive and help others do the same. Listen to the Wealth Break podcast on the iHeartRadio app. Mint is still $15 a month for premium wireless. And if you haven't made the switch yet, here are 15 reasons why you should. 1. It's $15 a month. 2. Seriously, it's $15 a month. 3. No big contracts. 4. I use it. 5. My mom uses it. Are you playing me off? That's what's happening, right? Okay, give it a try@mintmobile.com Switch upfront payment of $45 for three month plan $15 per month equivalent required. New customer offer first three months only, then full price plan, options available, taxes and fees extra. Cmno.com we don't give a damn about fashion trends. We're public rec and our whole brand was built on a cheat code. For guys who want to look good and feel even better, we make clothes for guys who don't chase styles. Lightweight, stretchy, buttery, soft pants and gear made to wear all day, any day, look good and feel like you're getting away with something. Shop Comfortable Classics. Cool, comfortable, low key, impressive clothes. No bs@publicrec.com radio forget about fashion trends. Shop Public Rec, where comfort meets style vu never change. This is Buzz Knight from Taking a Walk. Lexus believes in the importance of standards. One of my standards I never want to be late. I always want to show up on time. For Lexus, the standard is simple experience. Amazing. Their benchmarks aren't stats or specs. They're feelings. Exhilaration, joy. That sense your car was designed just for you. Machines built to make you feel more human. Because a car that doesn't make you feel something is a car that stops short of amazing experience. Amazing. At your Lexus dealer. It's about $300 million. It's set to do many, many things, including meetings of foreign leaders, honoring of foreign leaders. And it's being paid for 100% by me and some friends of mine, donors to it. The government's paying absolutely nothing. You're listening to the 47 Morning Update with Ben Ferguson. Good Thursday morning. It's nice to have you with us on the 47 Morning Update. Ben Ferguson with you. And I can tell you there is one major story. Democrats lied to you yet again, claiming Donald Trump would never stand up to Vladimir Putin after their meeting in Alaska. We now know that there are major Russian sanctions and the president is returning peace through strength. Showing Russia that it's time to get a deal now or you're going to be hurt economically. But first, I want to tell you about our friends over Patriot Mobile. Every so often, something happens that reminds us just how fragile our freedoms are. We can't afford to take our rights for granted. We must draw a line in the sand. And our friends at Patriot Mobile have been doing just that for more than 12 years. The truth is there is only one provider that boldly stands in the gap for Americans who believe freedom is worth fighting for. And that company is Patriot Mobile. 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Go to patriotmobile.com ben47 or call 972-patriot and if you use the promo code BEN47, you're going to get a free month of service. That's patriot mobile.com BEN47 or 972-patriot and make the switch today. It's the 47 Morning Update, and it starts right now. Story number one, it is very clear that President Donald Trump is a man who is on a mission to have peace through strength wherever he can and stop senseless wars. We've seen the deal that he's done in the Middle east and we now know that he's turned towards what's happening in Russia and Ukraine. Well, there has been some late developments and the US has announced new sanctions that target Russia's two largest oil companies, Rosneft and Luke Oil, including many of their subsidiaries. These sanctions mark the first time in Trump's second term that his administration has placed new sanctions on Russia over the Ukraine war. So much for Russian collusion. As the media lied to you about for years. The US treasury, through the Office of the Foreign Assets Control, explicitly said the move is meant to degrade Russia's ability to fund its war machine and, and hurt its economy. Because if you know what's going on in Russia, you know they're barely staying alive economically because of the oil that they're selling. Now. The announcement came shortly after a planned meeting between Donald Trump and Russian President Vladimir Putin was canceled, signaling escalating frustration by the White House. And Donald Trump, he meant it when he said it was time for peace. Now, here are the implications and the likely effects of what the President has just done. The economic pressure on Russia is real because Russia's war is costing them a lot of money. And by targeting Russia's biggest oil companies, the US Is going after one of the major revenue resources that supports Russia's military and also is propping up its economy, which is teetering. The this could force Russia to either lower the price of its oil, thus reducing revenue, or reduce production and exports. Both of those options hurt its financial stability and their ability to sustain large scale war for a extended period of time. Now, there's also pressure for diplomacy and a ceasefire. The Treasury Secretary, Scott Bessant, said the sanctions are meant to support peace efforts, saying, quote, now is the time to stop the killing and for an immediate ceasefire. So the sanctions are being framed partly as a lever for diplomacy, not just punishment. Russia has deep trade and energy links with major buyers. This includes India and China, who is taking a significant amount of their oil that might not be fully impacted by the US Sanctions alone. Analysts say we'll have to wait and see. But what we do know is the sanctions depend heavily on enforcement and also on US Allies joining and coordinating in the sanction effort. If other big buyers continue business, the impact will be weaker than we need it to be. And there are possible global market side effects as well. Spikes in oil prices if Russia's supply is constrained. This is part of the reason why the president said we need to become energy independent. Going back to drill, baby, drill. The fact that this is the first new sanction in Trump's second term also suggests there may have been internal or strategic hesitations earlier on to give a chance also for there to be real conversations that deal with peace. It remains to be seen if the pressure will persist or if Donald Trump plans on ratcheting up the pressure. Which brings me to the announcement, Senator Mullen on the new Russian sanctions. Speaking with Jake Tapper on cnn, this is what he had to say about the new move. Do you think that there need to be even harsher sanctions? And the reason I ask is because obviously August 15th, I believe it was, was the summit in Alaska where President Trump was hoping that Vladimir Putin would agree to any sort of cease fire. And not only did he not get a cease fire, Putin, since the US Literally rolled out the carpet for him in the United States of America, on American land, Putin has upped the tenor of the war. Some of the worst attacks on Ukraine have happened since then. And I'm wondering if President Trump, you think, needs to be even more aggressive. Well, this is step one. The president and Congress has talked multiple times what the next step might be. We have been briefed or we've been in briefings, we've been, been in classified settings. This is, this is literally the first step to put more pressure on Russia if we need to. I believe we probably will. I don't think Putin is someone that's going to pay attention the first time his hand is slapped. I think you're going to see this get ratcheted up farther and farther to the point to where either we're going to bring them to, to their knees economically or they're going to decide that fighting in Ukraine isn't worth it. At the same time, I wouldn't be surprised if you start seeing us give the accessibility to, to, to new weapons for Europe to buy, for Ukraine to, to be able to fight against Russia and their aggression in Ukraine. As I said, Jake, this is just the first step, but this is the first step of a lot of options we have on the table. It's very clear, as you could hear there from Senator Mullen, that this is a new path forward. We tried to have, well, diplomacy work and obviously Vladimir Putin is not working in that way. So as he described it, we can bring them to their knees economically or they can decide that fighting Ukraine isn't worth it. This is the first step of a lot of options we have on the table. And there also seems to be real unity behind this idea. As you know, the senators are behind it. But what is the House side saying? Mike Johnson, on the Russian sanctions. Here's what he had to say as well. Now, thank you so much for being here, Speaker Johnson, because you had said before that you thought sanctions on Russia were long overdue. In your words, do you think that these moves tonight go far enough? Well, it's a very important step. We applaud the president. He's returning peace through strength. And that's a common theme now that we've seen exhibited around the globe the strength of his personality. You heard the UN Secretary General who you caught earlier this afternoon. He said in his own words, President Trump is the only figure on the planet strong enough to help bring an end to that war. And you have to compel Russia to engage in the peace process. They've shown they cannot be trusted. There's a big appetite in Congress to have sanctions like this, and I think it's a very important step. Yet again you see unity between Republicans in the Senate, Republicans in the House, and the president of the United States of America. Which brings us back to what Trump has now said about these new sanctions. Trump said of the sanctions, quote, it was time. He described the sanction on Russia's oil giants as very big and tremendous. During a meeting with the NATO secretary general, he expressed that the meeting with Putin was canceled because he it didn't feel right to me. It didn't feel like we were going to get to the place we have to get. Earlier this year, Trump threatened tariffs and secondary sanctions if Russia did not agree to a cease fire. For example, he said he might impose a 25 to 50% tariff on oil from Russia on countries buying Russian oil. Trump also expressed frustration with Vladimir Putin saying, quote, we get a lot of bull blank thrown at us by Putin. We want a deal, but we weren't seeing it. The president also has backing. The majority of Republicans support additional economic sanctions on Russia. For example, a recent poll shows 86% of Republicans back further sanctions to force an end to the war. Now, some Republicans, including those in the White House, had also delayed pushing for sanction legislation until a possible Trump Putin meeting, indicating hesitation that if they did put the sanctions on beforehand, it could actually hurt the talks. But now the president has made it Clear there's a shift. And it suggests that Trump administration is moving or being pushed by conservatives for a tougher stance on Russia that perhaps was not there weeks ago. It also signals to Russia and to buyers of Russian energy that the US Is united and willing to escalate economic tools, not just diplomacy. And for allies, the US Is implicitly inviting coordination. The treasury statement, we encourage, quote, our allies to join us, signaling that other countries may want to do the exact same thing in their country that America is doing right now. And finally for Ukraine, it may increase leverage by pressuring Russia, but it does not automatically guarantee a ceasefire or an end to the war. When you're dealing with someone like Vladimir Putin who doesn't even care about his own people, this could drag on, but for the global energy and trade flow. Targeting Russia's oil sector, as President Trump has decided to do, can affect global markets and hurt Russia significantly, which is exactly why the President of the United States of America is leading in this way. We also know that the US Will follow up with more sanctions Russian banks on buyers of Russian energy or shipping and transport to deepen the pressure. There's a very good chance that is going to be needed. And then what will happen to Russian oil buyers like China and India? How will they respond? What we do know now is this is a new pathway in negotiations with President Trump and Vladimir Putin. And it's clear that Donald Trump isn't messing around. 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. I'm Rodney Williams. And I'm Travis Holloway. Welcome to the wealthbreak Podcast, a real conversation about finance. Let's be honest, building weft doesn't look the same for everyone. I feel like sometimes being broke is a cycle and that we might have to revisit that and we're not stopping at success stories. What happens when it doesn't go right? How do you cope with it? Because wealth isn't just about money. It's about creating a life where you thrive and help others do the same. Listen to the Wealth Break podcast on the iHeartRadio app. Hey, everyone, it's Sophia Bush, host of the podcast Work in Progress. Lexus is a company that believes in the importance of setting a standard. For me, a standard that matters to me is being a friend, being a person, being a coworker who shows up the standard Lexus has set for themselves is to experience amazing. Lexis benchmarks are feelings, things like exhilaration and joy, and amazing can only be achieved by knowing people on a deeper level. It's feeling like your car was designed and built just for you, a machine that makes you feel more human. Because a car that doesn't make you feel something is a car that stops short of amazing. So experience amazing at your Lexus dealer. Hey, Ryan Reynolds here for Mint Mobile. Now I don't know if you've heard, but Mint's Premium Wireless is $15 a month. But I'd like to offer one other perk. We have no stores. That means no small talk crazy weather we're having. No it's not. 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