Latest / The Ben Ferguson Podcast / Breakthrough in U.S.-China Trade plus Trump’s Executive Order to Slash Drug Prices

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Breakthrough in U.S.-China Trade plus Trump’s Executive Order to Slash Drug Prices · The Ben Ferguson Podcast

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  Speaker 1: We have also launched a phone app called c b
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  Speaker 1: P Home. That's c b P Home, where illegals can
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  Speaker 1: book a free flight to any foreign country as long
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  Speaker 1: as it's not here, you can go anywhere you want.
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  Speaker 1: So to all illegal aliens who book you at reflight
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  Speaker 1: right now, we want you out of America. But if
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  Speaker 1: you're really good, we're going to try and help you
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  Speaker 1: get back in.
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  Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.
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  Speaker 3: Good Monday morning.
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  Speaker 4: Welcome, it is the forty seven Morning Update, and we've
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  Speaker 4: got three big stories for you this morning. First up,
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  Speaker 4: the media lied to you when they said there was
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  Speaker 4: no chance we'd get a deal with China anytime soon.
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  Speaker 4: Some were even saying it wouldn't be done anytime this year.
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  Speaker 4: We now have a major announcement from the White House
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  Speaker 4: on a trade negotiation deal with China, and I'll give
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  Speaker 4: you the details in just a moment up next. And
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  Speaker 4: a deal that the Present described is the most important
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  Speaker 4: and impactful truth ever issued. At nine am this morning,
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  Speaker 4: there is an executive order that will change the price
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  Speaker 4: the prescription drugs for countless Americans and will have a
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  Speaker 4: huge impact, especially for seniors. This monumental deal in a moment,
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  Speaker 4: and lastly, in a shocking report, we're finding out just
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  Speaker 4: how bad things are at the FAA, including the fact
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  Speaker 4: that the equipment is so antiquated that they're having to
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  Speaker 4: buy replacement parts on eBay. Donald Trump pledging he's going
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  Speaker 4: to fix and overhaul the entire system. Now, before I
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  Speaker 4: get into these stories, I'd like to change gears for
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  Speaker 4: a minute and talk to you about Israel. It's now
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  Speaker 4: the month of May, and eighty years ago this very month,
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  Speaker 4: the horror of the Holocausts, the final solution came to
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  Speaker 4: an end. But do you know that half of all
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  Speaker 4: Holocaust survivors live in Israel. The pain of the past
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  Speaker 4: now intensifies today by October seventh and the rise of
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  Speaker 4: anti Semitism everywhere, and along with other elderly Jews, thousands
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  Speaker 4: in Israel live below the poverty line.
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  Speaker 3: There's no safety net.
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  Speaker 4: That's why I support the International Fellowship of Christians and Jews,
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  Speaker 4: and the Fellowship provides a lifeline to these precious ones
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  Speaker 4: in the form of basic things like hot meals and
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  Speaker 4: boxes full of healthy food. And for only twenty five
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  Speaker 4: dollars you can out provide a nutritious food box to
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  Speaker 4: a Jewish person in need in Israel. Better yet, three
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  Speaker 4: hundred and fifty dollars provides hot meals for an entire year.
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  Speaker 4: So if you are ready to stand with the people
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  Speaker 4: in Israel, give generously by calling eight eight eight four
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  Speaker 4: eight eight IFCJ that's eight eight four eight eight four
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  Speaker 4: three two five, or go online to give it if
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  Speaker 4: CJ dot org. That's if CJ dot org. It's the
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  Speaker 4: forty seven Morning Update and it starts right now.
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  Speaker 3: Story number one, Doom and gloom.
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  Speaker 4: That's what the media wanted you to believe that idea
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  Speaker 4: would not be done even this year with China. Well,
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  Speaker 4: guess what the White House and now and say, significant
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  Speaker 4: breakthrough in trade negotiations with China, marking a positive step
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  Speaker 4: forward resolving the ongoing trade tensions between the two nations.
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  Speaker 3: When did this happen?
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  Speaker 4: After two days of constructive talks in Geneva, the US
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  Speaker 4: Treasury Secretary Scott Descent and the Trade Representative Jamison Greer
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  Speaker 4: reported substantial progress and discussions with Chinese Vice Premiere. Specific
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  Speaker 4: details of the agreement are set to be released this morning,
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  Speaker 4: and both sides of express optimism about the outcome. I
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  Speaker 4: want you to hear what the Treasury Secretary had to
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  Speaker 4: say after the meeting on Sunday, and I think that
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  Speaker 4: led to.
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  Speaker 5: A great deal of the productivity we've seen. We will
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  Speaker 5: be giving details tomorrow, but I can tell you that
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  Speaker 5: the talks were productive. We had the Vice Premiere, to
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  Speaker 5: vice ministers who were integrally involved, Ambassador Jamison, and myself,
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  Speaker 5: and I spoke to President Trump, as did Ambassador Jamison
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  Speaker 5: last night, and he is fully informed of what is
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  Speaker 5: going on. So there will be a complete briefing tomorrow.
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  Speaker 4: Morning, complete briefing from the White House. And yet again
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  Speaker 4: the media lied to you just days ago saying this
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  Speaker 4: was going to take at least a year to get done.
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  Speaker 3: If it was going to get done.
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  Speaker 4: The US Trade representative in Geneva also talking about how
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  Speaker 4: important this was and how close they were to understanding
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  Speaker 4: share there in the trade negotiations.
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  Speaker 6: I want to echo the Secretary's remarks respect to the
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  Speaker 6: Swiss government. They've been so welcoming and they've posted this
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  Speaker 6: and everything has gone off lawlessly and we appreciate that.
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  Speaker 6: And again to the Chinese negotiators, Vice Premier Leoho, Vice
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  Speaker 6: Minister Lee Changong, and Vice Minister le Al men work
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  Speaker 6: very diligently, and these are very tough negotiators. A couple
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  Speaker 6: of them I know from before and have had past
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  Speaker 6: interactions with them. And this was, as the Secretary pointed out,
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  Speaker 6: a very constructed two days. It's important to understand how
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  Speaker 6: quickly we were able to come to agreement, which reflects
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  Speaker 6: that perhaps the differences were not so large as maybe thought.
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  Speaker 6: That being said, there was a lot of groundwork that
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  Speaker 6: went into these two days. Just remember why we're here
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  Speaker 6: in the first place, in the United States as a
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  Speaker 6: mass at one point two trillion dollars trade deficit. So
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  Speaker 6: the President declared a national emergency and imposed tariffs, and
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  Speaker 6: we're confident that the deal we struck with our Chinese
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  Speaker 6: partners will help us who resolve work towards resolving that
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  Speaker 6: national emergency.
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  Speaker 4: Donald Trump made it clear from the very beginning there
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  Speaker 4: is a trade emergency in the US having that massive
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  Speaker 4: one point two trillion dollar trade deficit, and that is
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  Speaker 4: exactly why the President declared it. We're confident that the
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  Speaker 4: deal we struck with our Chinese partners will help us
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  Speaker 4: work towards resolving that national emergency. Now, President Trump characterized
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  Speaker 4: the negotiations of the move towards a total reset of
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  Speaker 4: US China trade relations, emphasizing the importance of opening China's
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  Speaker 4: markets to American businesses. Chinese officials also echoing this sentiment,
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  Speaker 4: describing the talks as candid and constructive and highlighting the
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  Speaker 4: establishment of a new consultation mechanism for ongoing economic dialogue
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  Speaker 4: quote unquote. Now, the announcement has already had a positive
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  Speaker 4: impact on the financial markets as well, stock futures rising
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  Speaker 4: in the US dollar strengthening against other currencies. This development
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  Speaker 4: is seen as a hopeful sign for American farmers, retailers,
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  Speaker 4: and consumers who have been affected by the tariff escalations.
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  Speaker 4: Further details of the agreement are expected to be disclosed
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  Speaker 4: in a joint statement today, which will provide more insight
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  Speaker 4: into the specific measures agreed upon to ease trade tensions
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  Speaker 4: and foster economic cooperation between the US and China. If
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  Speaker 4: there's one thing that's very clear now, Donald Trump really
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  Speaker 4: is the best negotiator in the world.
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  Speaker 3: And this will make.
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  Speaker 4: The media and liberals lose their mind because they don't
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  Speaker 4: really care about Americans. They care about Donald Trump being
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  Speaker 4: a failure at all costs. And yet again he proved
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  Speaker 4: them wrong. Next story number two. It's already an incredible
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  Speaker 4: day when it comes to what the President is doing,
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  Speaker 4: but it's not just trade. That he's going to have
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  Speaker 4: a major impact on an issue that affects so many Americans.
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  Speaker 3: We are now learning directly from the White House.
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  Speaker 4: The President Trump, in his words, said this is the
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  Speaker 4: most important and impactful truth ever issued, saying, I'm pleased
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  Speaker 4: to announce Monday morning in the White House at nine
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  Speaker 4: am that I'll be signing one of the most consequential
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  Speaker 4: executive orders in our country's history. So what is it, well,
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  Speaker 4: President Trump revealing that he's going to be signing this
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  Speaker 4: morning that executive order to reduce the cost to prescriptions
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  Speaker 4: in pharmaceutical drugs by thirty to eighty percent almost instantly.
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  Speaker 4: In a post on True Social Trump pointed out that quote,
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  Speaker 4: for many years, the world has wondered why prescriptions and
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  Speaker 4: pharmaceutical drugs are so much more expensive in the United
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  Speaker 4: States of America than they are in any other nation,
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  Speaker 4: adding that sometimes they are five to ten times more
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  Speaker 4: expensive than the same drug manufactured in the exact same
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  Speaker 4: laboratory your plant, by the same company. Trump also criticized
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  Speaker 4: the pharmaceutical and drug companies and the Democratic Party in
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  Speaker 4: his post, saying this, the pharmaceuticals, last drug companies would
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  Speaker 4: say for years that it was research and development costs,
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  Speaker 4: and that all of these costs were and would be
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  Speaker 4: for no reason whatsoever, bore by the suckers of America alone.
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  Speaker 4: Trump said, campaign contributions can do wonders, but not with
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  Speaker 4: me and not with the Republican Party. President Trump went
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  Speaker 4: on to say, quote, we are going to do the
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  Speaker 4: right thing, something that the Democrats have fought for many years, saying,
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  Speaker 4: I'm pleased to announce that tomorrow morning, Monday morning, in
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  Speaker 4: the White House at nine am, I'll be signing one
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  Speaker 4: of the most consequential executive orders in our country's history.
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  Speaker 4: Trump said that prescription drug and pharmaceutical prices will be
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  Speaker 4: in all caps, reduced almost immediately by thirty to eighty percent.
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  Speaker 3: Now, how is this going to work?
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  Speaker 1: Well?
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  Speaker 4: Trump added to the cost of prescription and pharmaceutical drugs
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  Speaker 4: would rise throughout the world. In order to equalize and
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  Speaker 4: for the first time in many years, bring fairness to America,
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  Speaker 4: I will be instituting a quote Most Favored Nations policy,
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  Speaker 4: whereby the United States will pay the same price as
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  Speaker 4: the nation that pays the lowest price.
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  Speaker 3: Anywhere in the world.
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  Speaker 4: Trump continued, our country will finally be treated fairly, and
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  Speaker 4: our citizens healthcare costs will be reduced by numbers never
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  Speaker 4: even thought of before. A fact sheet from the White
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  Speaker 4: House also revealed in April that Trump had signed an
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  Speaker 4: executive order directing the Department of Health and Human Services
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  Speaker 4: HHS to take steps to significantly reduce drug prices for
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  Speaker 4: American patients.
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  Speaker 3: Now.
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  Speaker 4: Trump's executive order this morning also provides a massive discounts
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  Speaker 4: to low income patients for life saving medications such as insulin.
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  Speaker 4: End quote helped States reduce drug prices through the facilitation
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  Speaker 4: of important programs that could save States millions of prescription
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  Speaker 4: drug costs. Yes, the President said, no longer will you
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  Speaker 4: be paying because of lobbyists and the Democratic Party and
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  Speaker 4: what they've done to allow the jacking up of prices
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  Speaker 4: far higher than anywhere else in the world.
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  Speaker 3: And here is story number three.
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  Speaker 4: In a shocking revelation, we now have found out that
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  Speaker 4: the FAA, the Federal Aviation Administration, is relying on such
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  Speaker 4: outdated technology that the Transportation Secretary Sean Duffy has disclosed
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  Speaker 4: that the agency is forced to purchase replacement parts on
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  Speaker 4: platforms like eBay due to how obsolete their current systems are.
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  Speaker 4: The administration is now promising that there will be a
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  Speaker 4: massive overhaul the system, but it could take years to accomplish.
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  Speaker 4: Sean Duffy doing a sit down interview with CBS this
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  Speaker 4: morning explaining just how bad the system is and why
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  Speaker 4: Donald Trump has told him it's time to overhaul it
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  Speaker 4: as fast as we can.
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  Speaker 7: Our main mission is safety, and so if there's any
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  Speaker 7: concern with safety, we slow down traffic and there might
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  Speaker 7: be delayed there might be cancelations, and we take those
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  Speaker 7: precautions to make sure that you get from your departure
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  Speaker 7: city to your arrival city.
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  Speaker 3: But it's gonna take a little bit of time.
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  Speaker 7: Now, the main line that feeds information into Newark that
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  Speaker 7: went down. The secondary line didn't stand up, and so
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  Speaker 7: both lines are now working. We have a little bit
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  Speaker 7: of issues with our air traffic controllers. Some of them
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  Speaker 7: have stepped out of the tower they were stressed. So
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  Speaker 7: we're training new individuals in the Philly traycon which services Newark,
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  Speaker 7: and we're building a whole new fiber driven system down
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  Speaker 7: in Philly that does serve that tray are the Newark Airport.
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  Speaker 7: So there's an weren't a situation where you know it's
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  Speaker 7: going to take us a little bit of time. I
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  Speaker 7: hope by this summer we're going to be fully functioning.
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  Speaker 6: Yeah.
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  Speaker 8: I was going to say, mister w what does that
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  Speaker 8: mean when you say a little bit of time? You
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  Speaker 8: say by the summer, Because I'm thinking the problem with
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  Speaker 8: Newark is when you hear the screens went down and
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  Speaker 8: no one seemed to be able to explain that. You
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  Speaker 8: don't think we have to worry about that happening again.
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  Speaker 8: You think they've corrected that problem.
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  Speaker 7: Well, in Newark, both lines are working and so you
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  Speaker 7: know listen, yes, and if both lines do go down,
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  Speaker 7: there are emergency procedures, backup procedures that we take to
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  Speaker 7: talk to airplanes to make sure they stay separated.
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  Speaker 3: But Gail, I'm concerned.
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  Speaker 7: I mean, this system that we use many much of
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  Speaker 7: the equipment you have to buy an ebait.
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  Speaker 3: No one makes it anymore.
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  Speaker 7: That's how old the system is that we fly on today,
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  Speaker 7: which is why yesterday I called for a brand new
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  Speaker 7: infrastructure plan to rebuild everything across the spectrum for air
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  Speaker 7: traffic control. It is well overdue in America. And I
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  Speaker 7: think what you've seen in Newark is you're having failings.
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  Speaker 7: And when you have the failings, you take a look
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  Speaker 7: at the whole system and could other parts you know,
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  Speaker 7: have issues.
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  Speaker 3: Of course it.
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  Speaker 7: Could have issues, but that's why it's a call to
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  Speaker 7: action to do this for America so you always feel
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  Speaker 7: safe in your flying gale.
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  Speaker 4: Thank goodness to Trump administration is willing to take on
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  Speaker 4: a problem that every other administration just wanted to kick
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  Speaker 4: the can down the road, and we'll finally be able
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  Speaker 4: to know that we have a system that's reliable and
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  Speaker 4: safe and parts are no longer being bought on eBay.
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  Speaker 2: Thank you for listening to the forty seven Morning Update
• 14:26
  Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever
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  Speaker 2: you're listening to this podcast right now and for more
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  Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast
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  Speaker 2: and we will see you back here tomorrow.