Latest / The Ben Ferguson Podcast / Holiday Spending to Break $1 Trillion as Democrats Push Economic Narrative

Transcript

Holiday Spending to Break $1 Trillion as Democrats Push Economic Narrative · The Ben Ferguson Podcast

• 0:01
  Speaker 1: We must now re examine every single alien who's entered
• 0:05
  Speaker 1: our country from Afghanistan under Biden, and we must take
• 0:08
  Speaker 1: all necessary measures to ensure the removal of any alien
• 0:12
  Speaker 1: from any country who does not belong here or add
• 0:15
  Speaker 1: benefit to our country.
• 0:17
  Speaker 2: If they can't love our country, we don't want them.
• 0:19
  Speaker 1: America will never bend and never yield in the face
• 0:22
  Speaker 1: of terror, and at the same time, we will not
• 0:24
  Speaker 1: be deterred from the mission the service members were so
• 0:28
  Speaker 1: nobly fulfilling.
• 0:30
  Speaker 3: You're listening to the forty seven Morning Update with Ben ferguson.
• 0:34
  Speaker 4: Good Black Friday. So nice to have you with us
• 0:36
  Speaker 4: on the forty seven Morning Update. And we've got a
• 0:38
  Speaker 4: big economic story for you, and it deals with affordability
• 0:42
  Speaker 4: and major changes that have come under the Trump administration
• 0:46
  Speaker 4: in less than a year of being in office. So
• 0:49
  Speaker 4: why are the Democrats all about doom and gloom and
• 0:52
  Speaker 4: where the facts actually sang about prices, especially if so
• 0:56
  Speaker 4: many are spending big bucks today.
• 0:58
  Speaker 2: And we've got the good news for you. But first, did.
• 1:02
  Speaker 4: You see that gold just hit an all time new
• 1:04
  Speaker 4: high of over four thousand dollars an ounce? And if
• 1:09
  Speaker 4: you hear that and you're like, are you kidding me,
• 1:10
  Speaker 4: and you're thinking, gosh, I missed my opportunity. Well, I
• 1:14
  Speaker 4: don't know if you missed your opportunity, but my friends
• 1:16
  Speaker 4: at Kurt Elliott Precious Medals they can answer that question
• 1:20
  Speaker 4: for you. You also may not be paying attention to the
• 1:23
  Speaker 4: incredible games with silver that are happening right now as well,
• 1:27
  Speaker 4: and that's why I trust the guidance of the team
• 1:30
  Speaker 4: at kirk Elliott. In fact, I literally just got a
• 1:34
  Speaker 4: hundred ounce bar of silver the other day, and the
• 1:37
  Speaker 4: reason why is because after I talked to the team
• 1:40
  Speaker 4: at kirk Elliot Precious Medals, they let me understand exactly
• 1:44
  Speaker 4: where I could have a big upside in investing in silver. Now,
• 1:48
  Speaker 4: the other part that I love about them is this
• 1:50
  Speaker 4: they have transparent pricing. There are a lot of gold
• 1:54
  Speaker 4: companies that you'll hear about if you listen to talk
• 1:56
  Speaker 4: radio or podcasts or watch TV, but do they tell
• 2:00
  Speaker 4: you how the pricing actually works well. At kirk Elliott,
• 2:04
  Speaker 4: they're real simple, just eight percent when you buy and
• 2:08
  Speaker 4: zero commissions when you sell, with no hidden fees. Ever,
• 2:13
  Speaker 4: that is the other reason why I recommend them to
• 2:16
  Speaker 4: all of you. They also don't sell you quote rare
• 2:19
  Speaker 4: coins are precious coins that you pay insane markups on
• 2:23
  Speaker 4: and then when you go to sell them you find
• 2:24
  Speaker 4: out they're really not worth that much. They are a
• 2:27
  Speaker 4: bollyon only approach. They focus on investment grade metals, no
• 2:33
  Speaker 4: overpriced collectibles, no gimmicks. That means you get more gold
• 2:37
  Speaker 4: or silver for your money at fair value when it's
• 2:40
  Speaker 4: time for you to sell. So if you're ready to
• 2:44
  Speaker 4: find out if gold and silver is right for you
• 2:46
  Speaker 4: in your portfolio, then call them and get a plan.
• 2:51
  Speaker 4: You can visit them at ke PM dot com, slash
• 2:55
  Speaker 4: ben that's k e PM dot com Ben or seven
• 3:01
  Speaker 4: to zero six O five thirty nine hundred at seven
• 3:06
  Speaker 4: two zero six oh five thirty nine hundred Kirk Elliott
• 3:11
  Speaker 4: Precious Metals online.
• 3:13
  Speaker 2: At k e PM dot com.
• 3:16
  Speaker 4: It's the forty seven Morning Update and it starts right now.
• 3:19
  Speaker 2: Story number one.
• 3:21
  Speaker 4: There's a word that a lot of you may have heard, affordability.
• 3:24
  Speaker 4: It is the obsession word of the Democratic Party right now,
• 3:28
  Speaker 4: something they never mentioned when Joe Biden was President of
• 3:31
  Speaker 4: the United States of America. Instead, they lied to you
• 3:33
  Speaker 4: and said that there was no such thing as inflation,
• 3:36
  Speaker 4: that it was transitory, and that things were quote getting
• 3:39
  Speaker 4: better and gas prices really weren't that bad.
• 3:42
  Speaker 2: Well, now they're wanting.
• 3:44
  Speaker 4: Americans to believe that the economy is a disaster and
• 3:48
  Speaker 4: they're trying to blame Donald Trump for everything. So let's
• 3:51
  Speaker 4: talk about the facts of where we were a year
• 3:53
  Speaker 4: ago compared to now, specifically around Black Friday and holiday
• 3:59
  Speaker 4: trap for Thanksgiving travelers.
• 4:02
  Speaker 2: There's a bit of good news.
• 4:04
  Speaker 4: Let me say that again, a bit of good news
• 4:06
  Speaker 4: for you at the pump. Gas prices are holding steady,
• 4:11
  Speaker 4: a far crime from the sticker shock of recent years.
• 4:15
  Speaker 4: Gas Buddy is now forecasting a national average three dollars
• 4:19
  Speaker 4: and two cents per gallon over the holiday, matching yes,
• 4:25
  Speaker 4: a low price that we needed desperately to help Americans,
• 4:29
  Speaker 4: and we also now know that there's other things that
• 4:32
  Speaker 4: are really exciting Thanksgiving gas prices. This is the lowest
• 4:36
  Speaker 4: we've had since the pandemic, when the national average hit
• 4:40
  Speaker 4: three dollars and thirty nine cents a gallon in twenty
• 4:43
  Speaker 4: twenty one and three dollars and fifty six cents a
• 4:46
  Speaker 4: gallon in twenty twenty two. Gas prices are coming down
• 4:51
  Speaker 4: and for many drivers, and national stability is showing up
• 4:54
  Speaker 4: locally as well. Nearly thirty states now boast average prices
• 5:00
  Speaker 4: of under three dollars a gallon, from Colorado to New
• 5:05
  Speaker 4: Hampshire to Georgia. According to Triple A, Oklahoma tops the
• 5:09
  Speaker 4: list with an average of just two dollars and fifty
• 5:12
  Speaker 4: cents a gallon. That is a welcome number on many
• 5:16
  Speaker 4: gas station signs for consumers. Now at the other end
• 5:20
  Speaker 4: of the spectrum, where liberals are in charge, you've still
• 5:23
  Speaker 4: got paint at the pump with overregulation and taxation. Let
• 5:28
  Speaker 4: me give you an example of that. California is now
• 5:31
  Speaker 4: topping the list as the most expensive state when it
• 5:35
  Speaker 4: comes to buying a gallon of gasoline. When you look
• 5:39
  Speaker 4: at Oklahoma, a conservative state with not a lot of
• 5:42
  Speaker 4: regulation to make prices skyrocket, and certain blends a demand
• 5:46
  Speaker 4: to protect the environment right because of global warming, well,
• 5:51
  Speaker 4: compare it to what they're paying in California. It is
• 5:54
  Speaker 4: four dollars and sixty three cents per gallon compared to
• 5:59
  Speaker 4: just two to fifty galls in Oklahoma. Hawaii is actually cheaper,
• 6:05
  Speaker 4: and that's not something you hear about very often, as
• 6:07
  Speaker 4: Hawaii is one of the most expensive places to just
• 6:10
  Speaker 4: get gasoline. Two it is now less expensive to buy
• 6:14
  Speaker 4: a gallon of gas in Hawaii than it is with
• 6:17
  Speaker 4: all the regulations on gasoline in California. Hawaii at four
• 6:22
  Speaker 4: dollars and forty seven cents a gallon, compared to four
• 6:24
  Speaker 4: to sixty three in California. Washington State, another liberal bastion
• 6:29
  Speaker 4: of well socialism, they now are at four dollars and
• 6:34
  Speaker 4: eighteen cents a gallon, and rounding out the top ten
• 6:38
  Speaker 4: are Nevada at three eighty four a gallon, Alaska at
• 6:42
  Speaker 4: three seventy five a gallon, Arizona at three thirty seven
• 6:45
  Speaker 4: a gallon, and three states tied at three twenty nine Pennsylvania.
• 6:50
  Speaker 2: Idaho, and Illinois.
• 6:52
  Speaker 4: Meanwhile, the most affordable gas can be found in conservative
• 6:56
  Speaker 4: states Oklahoma at two dollars and fifty seven and cins
• 7:00
  Speaker 4: a gallon, Mississippi at two sixty one a gallon, and
• 7:04
  Speaker 4: Louisiana two sixty five a gallon.
• 7:06
  Speaker 2: Those states.
• 7:07
  Speaker 4: The follow other conservative states Tennessee at two sixty six
• 7:11
  Speaker 4: a gallen, Arkansas at two sixty seven a gallen, Texas
• 7:15
  Speaker 4: at two seventy a gallon, Kansas at two seventy one,
• 7:19
  Speaker 4: Missouri at two seventy three, Alabama two seventy three in
• 7:23
  Speaker 4: Kentucky at two seventy four a gallon. You notice the
• 7:27
  Speaker 4: trend here. Where there are conservative states, there are lower prices.
• 7:31
  Speaker 2: And when you have the.
• 7:32
  Speaker 4: Most radical liberals were at what are their prices almost
• 7:36
  Speaker 4: double what is being paid in conservative states. TRIPLEA anticipates
• 7:41
  Speaker 4: at nearly eighty two million Americans will journey at least
• 7:46
  Speaker 4: fifty miles from home over the Thanksgiving holiday, one point
• 7:50
  Speaker 4: six million more than last year, marking a record high
• 7:54
  Speaker 4: for Thanksgiving travel. Now the revelation comes to the Trump
• 7:58
  Speaker 4: administration is pushing ahead on energy, dominance independence. It's a
• 8:03
  Speaker 4: key pillar President Donald Trump's economic and national security agenda.
• 8:07
  Speaker 4: And while Thanksgiving marks the year's busiest travel stretch, it
• 8:11
  Speaker 4: isn't the only time drivers have caught a break. This
• 8:15
  Speaker 4: Labor Day, motors saw the lowest gas prices in a
• 8:18
  Speaker 4: half a decade. So this is not just one blip
• 8:21
  Speaker 4: on the map. It's a clear trend because of the
• 8:25
  Speaker 4: President of the United States America putting Americans first, which
• 8:29
  Speaker 4: also brings us to what's about to happen with US
• 8:32
  Speaker 4: holidays spending. How do Americans actually feel about the economy
• 8:37
  Speaker 4: and where we are right now? US holidays spending, we're
• 8:41
  Speaker 4: now being told is expected to top one trillion dollars
• 8:48
  Speaker 4: for the first time ever. I want you to take
• 8:52
  Speaker 4: a listen to what they had to say about the
• 8:54
  Speaker 4: holidays and shopping patterns this year on Fox Business Channel.
• 9:00
  Speaker 4: Concerns about the economy, people are still looking to spend.
• 9:03
  Speaker 5: Jerry Willis has the numbers, She joins us Now, hey, Jerry, Yeah,
• 9:08
  Speaker 5: you know, it's interesting everybody asking just how generous American
• 9:11
  Speaker 5: consumers will be this holiday season. The question still under debate.
• 9:16
  Speaker 5: Both Price Waterhouse and Deloitte surveys of consumers showing Americans
• 9:20
  Speaker 5: tightening their purse strings with declines of anywhere from five
• 9:23
  Speaker 5: to ten percent. Gen Z the most cautious, saying they
• 9:26
  Speaker 5: plan to spend twenty three percent less than last year,
• 9:31
  Speaker 5: but the National Retail Federation sees sales rising two point
• 9:34
  Speaker 5: nine to three point four percent, breaking through the one
• 9:38
  Speaker 5: trillion mark for the first time.
• 9:40
  Speaker 2: Matter now.
• 9:41
  Speaker 5: Meanwhile, the big discounters like Walmart, TJ Max showing strong
• 9:45
  Speaker 5: early results. But what can consumers expect is they hit
• 9:48
  Speaker 5: them all. Some fire up their web browsers this holiday season.
• 9:53
  Speaker 5: One retail consultant says, potential Price hikes loom with the
• 9:56
  Speaker 5: elimination of the Dominimu's tariff, which allowed goods under one
• 10:00
  Speaker 5: thousand from offshore to enter the US duty free. She
• 10:04
  Speaker 5: says it could cost sticker shock for some consumers.
• 10:08
  Speaker 6: Listen, you need to buy now because we don't know
• 10:11
  Speaker 6: what's going to happen. Tariffs could go up at any point,
• 10:14
  Speaker 6: in which case those prices will get passed on. The
• 10:17
  Speaker 6: price increase we will immediately get passed on to the
• 10:20
  Speaker 6: consumer now.
• 10:21
  Speaker 5: Travel snaffoos could also make it difficult to get your
• 10:23
  Speaker 5: presence delivered on time, so Herzog is also recommending shipping
• 10:28
  Speaker 5: presents early by December seventeenth at the least, plus the
• 10:32
  Speaker 5: big the best prices that is on big ticket electronics
• 10:35
  Speaker 5: will be available after the holiday season January fifth and later.
• 10:40
  Speaker 5: Bottom line, if you want to save money this holiday season,
• 10:43
  Speaker 5: make a list, stick to it, and start early now.
• 10:48
  Speaker 4: This is also happening as we're seeing something else that's
• 10:51
  Speaker 4: going to make you very happy, and that is Thanksgiving.
• 10:54
  Speaker 4: Mail costs have declined to the lowest level in four years.
• 10:58
  Speaker 4: Another example of a affordability the Democrats are trying to
• 11:01
  Speaker 4: say is terrible and actually it's running yet again in
• 11:04
  Speaker 4: the right direction. The costs of a traditional Thanksgiving meal
• 11:08
  Speaker 4: down sharply, falling to the lowest price since twenty twenty one,
• 11:12
  Speaker 4: according to the American Farm Bureau. The Farm Bureau's fortieth
• 11:16
  Speaker 4: Anniel survey found that a classic Thanksgiving dinner for ten
• 11:19
  Speaker 4: people will cost fifty five to eighteen that is down
• 11:23
  Speaker 4: five percent from last year. Since nineteen eighty six, volunteers
• 11:27
  Speaker 4: across all fifty states in Puerto Rico have been organized
• 11:31
  Speaker 4: by the American Farm Bureau to record local prices for turkey,
• 11:35
  Speaker 4: cube stuffing, sweet potatoes, dinner rolls, frozen peas, fresh cranberry, salery, carrots,
• 11:41
  Speaker 4: pumpkin pie mix and crust, whipping cream, and whole milk.
• 11:46
  Speaker 4: Price is soared during the presidency of Joe Biden, with
• 11:49
  Speaker 4: inflation rising to the worst pace in forty years. The
• 11:53
  Speaker 4: price of a classic Thanksgiving meal searched fourteen percent in
• 11:56
  Speaker 4: twenty twenty one alone, Biden's first year in office, then
• 12:00
  Speaker 4: hitting a record high of fifty three to thirty one,
• 12:02
  Speaker 4: despite the administration's insistence that the price increases were transitory
• 12:07
  Speaker 4: or the result of a temporary supply shock. The following year,
• 12:11
  Speaker 4: what came to be called Biden, inflation was even worse.
• 12:14
  Speaker 4: The price of a Thanksgiving meal jumped another twenty percent
• 12:17
  Speaker 4: to a skyrocketing sixty four oh five. By Biden's final Thanksgiving,
• 12:23
  Speaker 4: the price of a traditional family holiday meal was twenty
• 12:26
  Speaker 4: four percent higher than it was when he took office. Yes,
• 12:29
  Speaker 4: almost a twenty five percent increase. This year's decline was
• 12:33
  Speaker 4: driven by a sharp fall in the price of turkey.
• 12:36
  Speaker 4: A sixteen pound turkey will cost an average of twenty
• 12:38
  Speaker 4: one to fifty That is down sixteen percent from Joe
• 12:42
  Speaker 4: Biden's final year in office. So is the economy getting better? Yes,
• 12:49
  Speaker 4: It's pricing getting better for you, yes? And is this
• 12:53
  Speaker 4: something we should all be excited about? You better believe it.
• 12:55
  Speaker 3: Thank you for listening to the forty seven Morning Update
• 12:58
  Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever
• 13:02
  Speaker 3: you're listening to this podcast right now and for more
• 13:05
  Speaker 3: in depth news, also subscribe to the Ben Ferguson podcast
• 13:10
  Speaker 3: and we will see you back here tomorrow.