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BONUS POD: Trump declares Antifa a Terrorist Organization plus Feds Drop Rates & How it Effects You
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- [00:00]
Donald Trump
This is an iHeart podcast.
- [00:05]
Ben Ferguson
Stop settling for weak sound.
- [00:07]
Narrator/Host
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- [00:35]
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- [01:35]
Narrator/Host
TiVo plus gives you 300 channels of movies, shows, sports, even kids favorites. All free. And no, we don't want your credit card. Watch live, watch on demand. Watching your PJs eating pizza? It's all right there on your TiVo home screen. With so much variety, from comedy and action to live news and family programming, you'll never run out of options. TiVo plus free binge worthy and always on. Check us out@tivo.com a new NFL season means a fresh start and fresh styles. @nflshop.com you'll find the latest jerseys, hats and sideline gear to rep your team all season long. From rookies making their debut to legends, NFLShop.com has it all. Score exclusive styles you won't find anywhere else and show up ready for every kickoff and big play fan like a pro and shop now@nflshop.com.
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Donald Trump
The US electric.
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Narrator/Host
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.
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Donald Trump
100 fold by 2030.
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Narrator/Host
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Donald Trump
Cars of the of ICE and Border Patrol. By a past administration, it became almost a culture. If somebody throws a rock at you, do nothing. If somebody spits in your face, do nothing. And I say when they spit, you hit. Do whatever you want.
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Ben Ferguson
You're listening to the 47 Morning Update with Ben Ferguson.
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Narrator/Host
Good Thursday morning. Nice to have you with us on the 47 Morning Update. And we've got two big stories for you coming out of the White House. First up, President Trump has declared that Antifa is a major terrorist organization. What does this mean? Well, it's going to have a big impact on those that are funding the organization and finding out who they are. Also, finally, the Fed cuts rates by a quarter percent, signaling two more cuts will be coming this year. And it means that Donald Trump was right. Interest rates were far too high. And now the Fed's finally having to admit it. All right. I want to take a moment and I want to talk to you real quick about what you can do to help the people in Israel. It was nearly two years ago that the terrorists murdered more than 1200 innocent Israelis and they took 250 hostages. Today, it seems as if the cries of the dead and dying have been drowned out by the shouts of anti Semitism and just pure hatred, not just in America, but around the world. And the most brutal attack on Jewish people happened. It happened since the Holocaust. And now it's like they're trying to act like it never happened. Now, this is where it is important for us to stand with the people in Israel. It's a movement of love and support for the people of Israel. And this is where I want you to get involved. It is called Flags of Fellowship. It's being organized by the International Fellowship of Christians and Jews. And on October 5th, you can stand with Israel and the victims proudly just a few weeks away. Millions across America will prayerfully plant an Israeli flag in honor and solidarity with the victims of October 7, 2023, and stand with their grieving families. You can be a part of this movement as well. And that's what I love about what IFCJ does. They're making sure that the world knows there are, there are lots of people of faith in this country and friends and advocates for Israel. They're going to stand with them you can get more information about how you can join the Flags of Fellowship movement, including your church. There are going to be countless churches around the country. They're going to plant flags as well. So all you have to do to get involved with Flags of Fellowship Movement is go to ifcj.org that's ifcj.org stand with Israel on October 5th. It's just a few weeks away. And if your church you think would want to be involved, you can also find out more about how to get your church to be involved on a special Sunday@ifcj.org that's ifcj.org it's the 47 Morning Update and it starts right now.
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Ben Ferguson
Story number one.
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Narrator/Host
President Donald Trump has declared that he is designating the Antifa movement as a major terrorist organization. He also stated he will recommend that people or organizations funding antifa be strongly investigated under the highest legal standards and practices. Now, this announcement came in the wake of the assassination of conservative activist Charlie Kirk, which Trump and his allies say underscores the need to address what they characterize as left wing extremism. Now, antifa, you may ask, what is it?
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Donald Trump
Now?
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Narrator/Host
They say it's anti fascist. It's not a single group or a, with a hierarchy structure. In fact, it's a loosely affiliated ideology where people all the time are saying, I'm a member of Antifa and then carrying out many times criminal activities. Now, because of the decentralization of it, there's no clear chain of command, which means you have to actually follow the money. Because without formal membership lists or, or centralized leadership, you got to find out who is funding Antifa and who on the left is writing the checks for so many of the things that they actually do. Now, there are several significant legal obstacles to make this kind of designation meaningful and also enforceable. And that's exactly what the president is doing right now. In fact, if you want to know when this really became a reality, you can go to the White House in the Oval Office just two days ago, when the president was asked this question about Antifa and what it would mean to designate them a terrorist organization from a member of the press. Take a listen. Do you plan on designating Antifa finally.
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Donald Trump
A domestic terror organization? Well, it's something I would do, yeah. If I have support from the people back here. I think would start with Pam, I think, but I would, if you give me, I would do that 100%. And others also, also, by the way. But antifa is terrible. There are other groups. Yeah, there are other groups. We have some pretty radical groups and they got away with murder. And also I've been speaking to the attorney general about bringing RICO against some of the people that you've been reading about that have been putting up millions and millions of dollars for agitation. These aren't protests, these are crimes. What they're doing where they're throwing bricks at cars of the, of ICE and border Patrol. They come in a beautiful new car, they're so proud. It's bor ice, you know, it's got whatever it is and they're throwing rocks at it. And after 50 yards, it looks like an old beat up vehicle. It was just brand new. It was just bought for the purposes. And they don't have to take that anymore. I let it be known we'll take responsibility. They don't have to take it anymore and they don't want to take it. I watch it. I watched it so sick. It made me. For four years I had to sit home and watch people screaming at policemen and spitting in their face. And they weren't able to do anything. They just had a grin and bear. They're standing up like a piece of steel. And a woman, in many cases women, you can see they're professional agitators. I had one the other night, I had four the other night, all in one group, total phonies. I started to scream when I got into a restaurant. Oh, you know, something with Palestine. I said, well, I'm doing a great job for peace in the Middle East. I should get lots of awards for that, right? With the Abraham Accords and everything else. But a woman just stood up and starts screaming and she got booed out of the place too. The people, there were a lot of people in the restaurant. I went there to show how safe and it was safe. I mean, the woman is just a mouthpiece. All she was, she was a paid, she was a paid agitator and you have a lot of them. And I've asked Pam to look into that in terms of rico bringing RICO cases against a criminal. RICO because they should be put in jail. What they're doing to this country is really subversive.
- [10:19]
Narrator/Host
That is where all of this really got started. Now here is the best part about what this means moving forward. The consequences of this action on Antifa are huge. This will now allow the US Government to increase investigations into individuals or entities that are believed to provide support to antifa, AKA money and logistics supplies. Trump specifically asks for these types of investigations. It also asks for potential executive orders, regulations, policy changes aimed at curbing political violence or hate speech associated with Antifa. And then there's the possible legal or administrative sanctions for those found to be a material support of Antifa if state or federal laws can be invoked. This is where there is real consequences for people that are involved with this radical organization. And you need to find out who is exactly funding them. Follow the money is everything here. Now we can also expect legal challenges. Groups like the ACLU and the splc, they're going to argue that the designation violates constitutional protection, free assembly, free speech, due process. And then the courts are going to have to interpret what designating a terrorist organization means in this context. I think this is clearly a fight the White House is more than happy to have. And then there's the political polarization of this. Democrats already coming out and saying that this is a threat to free speech. So let's go back to the President and what he actually had to say after designating Antifa a terrorist organization. Here's how CNN put it as they had to read the President's words. Now, I don't know if you know this, but I've just seen that the President on a social media, on his social media has announced. I'm pleased to inform our many USA Patriots that I'm designating Antifa a sick, dangerous, radical left organization as a major terrorist organization. I'll also be strongly recommending those funding and TIFA be thoroughly investigated in accordance with the highest legal standards and practices. They can't stand the fact that radical organizations that are out there being funded by dark money from Democratic donors are then committing crimes and terrorizing the public are no longer going to be able to operate the way they were under the Biden administration. By the way, this is exactly why I voted for Donald Trump and I think so many of you did as well.
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Ben Ferguson
Now, story number two.
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Narrator/Host
Donald Trump has repeatedly urged the Fed to cut interest rates more aggressively. For example, in June of this year, he called for a full percentage point drop. Also, he said the rates are at least 3 percentage points too high. Now, Trump had criticized the Fed, especially the chair, Jerome Powell, for not cutting sooner or more deeply. He made it very clear he believed that the cuts need to come and it was holding the economy back. He even talked about the idea that it was time to get rid of Jerome Powell, that he should resign. Well, Jerome is still there. But the good news is finally the Feds have cut interest rates by a quarter percentage point. And here's how the news hit on cnn. Tell us about this decision, Matt.
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Ben Ferguson
Yeah, Brianna. The Fed just delivered an interest rate cut. And it is the quarter point cut that was widely expected. Now, this is a big deal because it is the first interest rate cut of the second Trump administration. And it's sending a clear message that Federal Reserve officials are more worried about the slumping job market than they are about stubborn inflation. They're acting now to try to shore up the job market before this trouble turns into something worse. And they're signaling this concern in their new statement that they just put out by inserting some, some new language that I'll read to you.
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Narrator/Host
Now.
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Ben Ferguson
Fed officials say that job gains have slowed and the unemployment rate has edged up, but remains low. Fed officials also say that they have judged that downside risks to employment have risen. Now, at the same time, this statement also says that inflation has moved up and remains somewhat elevated, which just gets at this really difficult situation facing the Fed where they're really trying to fight a two front war, right? They're trying to fix the job market and they're trying to defeat inflation at the same time. It is really difficult. Now, as far as the voting here, this was actually almost unanimous. It was an 11 to 1 vote with Fed Chair Jerome Powell joined by 10 of his colleagues, including Fed Governor Lisa Cook, who the President has tried to fire. The one vote, the center is the Federal Reserve's newest member. That's Stephen Myron, the Trump loyalist and White House economist. Not surprisingly, he was in favor of a bigger cut of half of a percentage point. Now, looking forward, the key change with the Fed's projections is they are now penciling in a total of three interest rate cuts this year, today's and two more quarter point cuts. Now, that's a shift from June when Fed officials had previously just pencilled in two interest rate cuts. Now, what does all this mean to everyone at home? Well, the fact that rates have come down, that could be helpful for people who have credit card debt and people have floating rate debt like home equity lines of credit. But we should be clear this is not a silver bullet that's going to fix the economy. Interest rates do remain high. The Fed spiked interest rates three years ago to try to fight inflation. That amounted to slamming the brakes on the economy. Now, they're not going pedal to the metal and hitting the gas. They're sort of gradually taking their foot off the brake. Now, later this hour, Fed Chair Jerome Powell, he's going to take questions. I'm interested to hear what he's going to say about all of the pressure, the political pressure from the White House on federal reserve officials and how many more interest rates he expects to have in the coming months. Back to you, Brianna.
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Narrator/Host
I love how they're like, well, this could be good for Americans. This is going to be massive, by the way, for Americans. And this is exactly what the president has been advocating for, saying that we need to move this in the right direction. We also know from what was said by Powell that you can expect that there is a very good chance that more cuts could be coming on the regular. So is this a victory for all Americans? Yes. Is this a big victory for the fact that Jerome Powell said it the way that he described it? Yes. Is it something that we should all celebrate? You better believe it. Jerome Powell in his own words. Under what circumstances would a larger than.
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Ben Ferguson
25 basis points rate cut be warranted? And how seriously was that option entertained.
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Narrator/Host
At your meeting this week? There wasn't widespread support at all for a 4:50 basis point cut today. You know, I think we've done, we've done very large rate hikes and very large rate cuts in the last five years. And you tend to do those at a time when, when you feel that policy is out of place and needs to move quickly to a new place. That's not at all what I feel certainly now I feel like our policy has been doing the right thing so far this year. I think we were right to wait and see how tariffs and inflation and the labor market evolved. I think we're now reacting to, you know, to the much lower level of job creation and other evidence of softening in the labor market and saying, well, those risks are maybe, maybe not fully balanced, but moving in the direction of balance now. And so that that warrants a change in policy. So even Jerome Powell having to admit he's probably gotten it wrong for a while now and he's having to be honest that Donald Trump was right.
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Ben Ferguson
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.
- [18:15]
Narrator/Host
Stop settling for weak sound. It's time to level up your game and bring the boom. Hit the town with the ultra durable LG XBoom portable speaker and enjoy vibrant sound wherever you go. Elevate your listening experience to new heights because let's be real, your music deserves the future of sound is now with LG x boom and for a limited time save 25%@LG.com with code fall25 bring the boom xboom.
- [18:45]
Commercial Announcer
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- [19:45]
Narrator/Host
Over 300 channels, zero bills, that's TiVo plus curated movies, new series and sports highlights. No credit card, no logins, just TV that gets straight to the good stuff. Grab the remote, press play and start watching TiVo plus free binge worthy always on. Check us out@tivo.com a new NFL season means a fresh start and fresh styles. @nflshop.com you'll find the latest jerseys, hats and sideline gear to rep your team all season long. From rookies making their debut to legends, NFLShop.com has it all score exclusive styles you won't find anywhere else and show up ready for every kickoff and big play fan like a pro and shop.
- [20:27]
Ben Ferguson
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- [21:13]
Narrator/Host
This is an iHeart podcast.