May 12, 2025 • 14 mins
1. US-China Trade Negotiations
- The podcast opens by criticizing the media for pessimism about US-China trade talks.
- It reports a “significant breakthrough” in trade negotiations after two days of talks in Geneva.
- US Treasury Secretary and Trade Representative express optimism, noting substantial progress with Chinese Vice Premier and ministers.
- The agreement is framed as a major win for the Trump administration, with a full briefing promised.
- Emphasis is placed on the $1.2 trillion trade deficit and the declaration of a national emergency to justify tariffs.
- The talks are described as constructive, with both sides establishing a new consultation mechanism for ongoing dialogue.
2. Executive Order on Prescription Drug Prices
- Trump announces a major executive order aimed at reducing prescription drug prices by 30% to 80%.
- The policy includes a “Most Favored Nations” clause, ensuring the US pays no more than the lowest global price for drugs.
- Trump criticizes pharmaceutical companies and Democrats, accusing them of enabling high prices through lobbying.
- The order is said to provide massive discounts for low-income patients and support state-level cost-saving programs.
3. FAA Technology and Infrastructure Overhaul
- Transportation Secretary Sean Duffy reveals that the FAA is using outdated technology, with parts being sourced from eBay.
- A major infrastructure overhaul is promised, including a new fiber-driven system for air traffic control.
- The situation is described as urgent, with safety concerns and training of new air traffic controllers underway.
- Trump is credited with initiating the overhaul, which previous administrations allegedly ignored.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
We have also launched a phone app called c b
P Home. That's c b P Home, where illegals can
book a free flight to any foreign country as long
as it's not here, you can go anywhere you want.
So to all illegal aliens who book you at FreeFlight
right now, we want you out of America. But if
you're really good, we're going to try and help you
get back in.
Speaker 2 (00:22):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 3 (00:25):
Good Monday morning. Welcome, it is the forty seven Morning Update,
and we've got three big stories for you this morning.
First up, the media lied to you when they said
there was no chance we'd get a deal with China
anytime soon. Some were even saying it wouldn't be done
anytime this year. We now have a major announcement from
the White House on a trade negotiation deal with China,
(00:49):
and I'll give you the details in just a moment
up next. And a deal that the Present described is
the most important and impactful truth ever issued. At nine
am this morning, there is an executive order that will
change the price the prescription drugs for countless Americans and
will have a huge impact, especially for seniors. This monumental deal.
(01:12):
In a moment, and lastly, in a shocking report, we're
finding out just how bad things are at the FAA,
including the fact that the equipment is so antiquated that
they're having to buy replacement parts on eBay. Donald Trump
pledging he's going to fix and overhaul the entire system.
Before we get to those stories, I want to tell
(01:34):
you about the International Fellowship of Christians and Jews. Did
you know, just like here in the US, Israel has
their own Independence Day In case you missed it, this
year's Israel Independence Day was a few days ago on
May first. But for the people of Israel, freedom is
nothing more than a daily struggle just to survive. There's
no real peace, only terror, no joy, just suffering. Even
(01:57):
as rockets have hit their airport in the last few days,
the Israeli government recognizes the International Fellowship of Christians and
Jews for ongoing help to make sure the elderly, the sick,
the wounded soldiers, and the impoverished families don't fall through
the cracks. That is why your gift to the Fellowship
today is so important and will provide life saving aid, medicine,
(02:20):
hearty meals, safety, and comfort. I believe that when we
bless the people of Israel, we unlock God's blessing in
our lives as well. So show your support for Israel's
independence by making a life saving gift today. Call IFCJ
at eight eight eight for eight eight IFCJ. That's eight
(02:41):
eight eight four eight eight four three two five, or
go online to IFCJ dot org. That's IFCJ dot org.
It's the forty seven Morning Update and it starts right.
Speaker 2 (02:53):
Now, story number one.
Speaker 3 (02:54):
Doom and gloom. That's what the media wanted you to
believe that idea would not be done even in this
year with China. Well, guess what the White House and
now and say, significant breakthrough in trade negotiations with China,
marking a positive step forward resolving the ongoing trade tensions
between the two nations. When did this happen? After two
(03:18):
days of constructive talks in Geneva, the US Treasury Secretary
Scott Descent and the Trade Representative Jamison Greer reported substantial
progress and discussions with Chinese Vice Premiere. Specific details of
the agreement are set to be released this morning, and
both sides of express optimism about the outcome. I want
(03:41):
you to hear what the Treasury Secretary had to say
after the meeting on Sunday, and I think that led.
Speaker 4 (03:47):
To a great deal of the productivity we've seen. We
will be giving details tomorrow, but I can tell you
that the talks were productive. Had the Vice Premiere, to
vice ministers who were integrally involved, Ambassador Jamison, and myself,
(04:09):
and I spoke to President Trump, as did Ambassador Jamison
last night, and he is fully informed of what is
going on. So there will be a complete briefing tomorrow.
Speaker 3 (04:22):
Morning, complete briefing from the White House. And yet again
the media lied to you just days ago saying this
was going to take at least a year to get done.
If it was going to get done. The US Trade
representative in Geneva also talking about how important this was
and how close they were to understanding each other in
(04:44):
the trade negotiations.
Speaker 5 (04:47):
I want to echo a Secretary's remarks respect to the
Swiss government. They've been so welcoming and they posted this
and everything has gone off lawlessly and we appreciate that.
And again to the Chinese negotiators, Vice Premier Leopo, Vice
Minister Lee Changong, and Vice Minister le Al men worked
very diligently, and these are very tough negotiators. A couple
(05:07):
of them I know from before and have had past
interactions with them. And this was, as the Secretary pointed out,
a very constructive two days. It's important to understand how
quickly we were able to come to agreement, which reflects
that perhaps the differences were not so large as maybe thought.
That being said, there was a lot of groundwork that
(05:27):
went into these two days. Just remember why we're here
in the first place, in the United States as a
mass at one point two trillion dollar trade deficit. So
the President declared a national emergency and imposed tariffs, and
we're confident that the deal we struck with our Chinese
partners will help us to resolve work towards resolving that
national emergency.
Speaker 3 (05:48):
Donald Trump made it clear from the very beginning there
is a trade emergency and the US having that massive
one point two trillion dollar trade deficit, and that is
exactly why the President cleared it. We're confident that the
deal we struck with our Chinese partners will help us
work towards resolving that national emergency. Now, President Trump characterized
(06:10):
the negotiations of that move towards a total reset of
US China trade relations, emphasizing the importance of opening China's
markets to American businesses. Chinese officials also echoing this sentiment,
describing the talks as candid and constructive and highlighting the
establishment of a new consultation mechanism for ongoing economic dialogue
(06:36):
quote unquote. Now, the announcement has already had a positive
impact on the financial markets as well, stock futures rising
and the US dollars strengthening against other currencies. This development
is seen as a hopeful sign for American farmers, retailers,
and consumers who have been affected by the tariff escalations.
(06:57):
Further details of the agreement expected to be disclosed in
a joint statement today, which will provide more insight into
the specific measures agreed upon to ease trade tensions and
foster economic cooperation between the US and China. If there's
one thing that's very clear now, Donald Trump really is
(07:18):
the best negotiator in the world. And this will make
the media and liberals lose their mind because they don't
really care about Americans. They care about Donald Trump being
a failure at all costs, and yet again he proved
them wrong.
Speaker 2 (07:32):
Next story number two.
Speaker 3 (07:34):
It's already an incredible day when it comes to what
the President is doing. But it's not just trade. That
he's going to have a major impact on an issue
that affects so many Americans. We are now learning directly
from the White House. The President Trump and his words said,
this is the most important and impactful truth ever issued, saying,
I'm pleased to announce Monday morning in the White House
(07:57):
at nine am that I'll be signing one of the
most consequential executive orders in our country's history. So what
is it, Well, President Trump revealing that he's going to
be signing this morning that executive order to reduce the
cost to prescriptions in pharmaceutical drugs by thirty to eighty
percent almost instantly. In a post on True Social Trump
(08:22):
pointed out that quote, for many years, the world has
wondered why prescriptions and pharmaceutical drugs are so much more
expensive in the United States of America than they are
in any other nation, adding that sometimes they are five
to ten times more expensive than the same drug manufactured
(08:42):
in the exact same laboratory or plant by the same company.
Trump also criticized the pharmaceutical and drug companies and the
Democratic Party in his post, saying this, the pharmaceuticals last
drug companies would say for years that it was reseal
and development costs, and that all of these costs were
(09:03):
and would be for no reason whatsoever, bore by the
suckers of America alone. Trump said, campaign contributions can do wonders,
but not with me and not with the Republican Party.
President Trump went on to say, quote, we are going
to do the right thing, something that the Democrats have
(09:24):
fought for many years, saying, I'm pleased to announce that
tomorrow morning, Monday morning, in the White House at nine am,
I'll be signing one of the most consequential executive orders
in our country's history. Trump said that prescription drug and
pharmaceutical prices will be in all caps, reduced almost immediately
(09:45):
by thirty to eighty percent. Now, how is this going
to work well? Trump added to the cost of prescription
and pharmaceutical drugs would rise throughout the world. In order
to equalize and for the first time in many years,
bring fairness to America. I will be instituting a quote
most Favored Nations policy, whereby the United States will pay
(10:08):
the same price as a nation that pays the lowest
price anywhere in the world. Trump continued, our country will
finally be treated fairly, and our citizens healthcare costs will
be reduced by numbers never even thought of before. A
fact sheet from the White House also revealed in April
(10:28):
that Trump had sign an executive order directing the Department
of Health and Human Services HHS to take steps to
significantly reduce drug prices for American patients.
Speaker 5 (10:39):
Now.
Speaker 3 (10:39):
Trump's executive order this morning also provides a massive discounts
to low income patients for life saving medications such as insulin.
End quote helped states reduce drug prices through the facilitation
of important programs that could save States millions of prescription
drug costs. Yes, the President said, no longer will you
(11:03):
be paying because of lobbyists and the Democratic Party and
what they've done to allow the jacking up of prices
far higher than anywhere else in the world.
Speaker 2 (11:13):
And here is story number three.
Speaker 3 (11:15):
In a shocking revelation, we now have found out that
the FAA, the Federal Aviation Administration, is relying on such
outdated technology that the Transportation Secretary Sean Duffy has disclosed
that the agency is forced to purchase replacement parts on
platforms like eBay due to how obsolete their current systems are.
(11:38):
The administration is now promising that there will be a
massive overhaul the system, but it could take years to accomplish.
Sean Duffy doing a sit down interview with CBS this
morning explaining just how bad the system is and why
Donald Trump has told him it's time to overhaul. It's
(11:59):
fast as we can.
Speaker 6 (12:01):
Our main mission is safety, and so if there's any
concern with safety, we slow down traffic and there might
be delayed there might be cancelations, and we take those
precautions to make sure that you get from your departure
city to your arrival city. But it's gonna take a
little bit of time. Now, the main line that feeds
information into Newark that went down, the secondary line didn't
(12:24):
stand up, and so both lines are now working. We
have a little bit of issues with our air traffic controllers.
Some of them have stepped out of the tower they
were stressed. So we're training new individuals in the Philly
traycon which services Newark, and we're building a whole new
fiber driven system down in Philly that does serve that
Traycon or the Newark Airport. So there's an weren't a
(12:46):
situation where you know it's gonna take us a little
bit of time. I hope by this summer we're gonna
be fully functioning.
Speaker 1 (12:52):
Yeah.
Speaker 7 (12:52):
I was going to say, mister w what does that
mean when you say a little bit of time? You
say by the summer, Because I'm thinking the problem with
Newark is when you hear the screens went down and
no one seemed to be able to explain that. You
don't think we have to worry about that happening again.
You think they've corrected that problem.
Speaker 6 (13:07):
Well, in Newark, both lines are working and so you know, listen, yes,
and if both lines do go down, there are emergency procedures,
backup procedures that we take to talk to airplanes to
make sure they stay separated. But Gail, I'm concerned. I mean,
this system that we use many much of the equipment
you have to buy an ebait. No one makes it anymore.
That's how old the system is that we fly on today,
(13:28):
which is why yesterday I called for a brand new
infrastructure plan to rebuild everything across the spectrum for air
traffic control. It is well overdue in America. And I
think what you've seen in Newark is you're having failings.
And when you have the failings, you take a look
at the whole system and could other parts you know,
have issues. Of course it could have issues, but that's
(13:49):
why it's a call to action to do this for
America so you always feel safe when you're flying gale.
Speaker 3 (13:53):
Thank goodness, the Trump administration is willing to take on
a problem that every other administration just wanting to kick
the care down the road, and we'll finally be able
to know that we have a system that's reliable and
safe and parts are no longer being bought on eBay.
Speaker 2 (14:08):
Thank you for listening to the forty seven 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.
We have also launched a phone app called c b
P Home. That's c b P Home, where illegals can
book a free flight to any foreign country as long
as it's not here, you can go anywhere you want.
So to all illegal aliens who book you at FreeFlight
right now, we want you out of America. But if
you're really good, we're going to try and help you
get back in.
Speaker 2 (00:22):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 3 (00:25):
Good Monday morning. Welcome, it is the forty seven Morning Update,
and we've got three big stories for you this morning.
First up, the media lied to you when they said
there was no chance we'd get a deal with China
anytime soon. Some were even saying it wouldn't be done
anytime this year. We now have a major announcement from
the White House on a trade negotiation deal with China,
(00:49):
and I'll give you the details in just a moment
up next. And a deal that the Present described is
the most important and impactful truth ever issued. At nine
am this morning, there is an executive order that will
change the price the prescription drugs for countless Americans and
will have a huge impact, especially for seniors. This monumental deal.
(01:12):
In a moment, and lastly, in a shocking report, we're
finding out just how bad things are at the FAA,
including the fact that the equipment is so antiquated that
they're having to buy replacement parts on eBay. Donald Trump
pledging he's going to fix and overhaul the entire system.
Before we get to those stories, I want to tell
(01:34):
you about the International Fellowship of Christians and Jews. Did
you know, just like here in the US, Israel has
their own Independence Day In case you missed it, this
year's Israel Independence Day was a few days ago on
May first. But for the people of Israel, freedom is
nothing more than a daily struggle just to survive. There's
no real peace, only terror, no joy, just suffering. Even
(01:57):
as rockets have hit their airport in the last few days,
the Israeli government recognizes the International Fellowship of Christians and
Jews for ongoing help to make sure the elderly, the sick,
the wounded soldiers, and the impoverished families don't fall through
the cracks. That is why your gift to the Fellowship
today is so important and will provide life saving aid, medicine,
(02:20):
hearty meals, safety, and comfort. I believe that when we
bless the people of Israel, we unlock God's blessing in
our lives as well. So show your support for Israel's
independence by making a life saving gift today. Call IFCJ
at eight eight eight for eight eight IFCJ. That's eight
(02:41):
eight eight four eight eight four three two five, or
go online to IFCJ dot org. That's IFCJ dot org.
It's the forty seven Morning Update and it starts right.
Speaker 2 (02:53):
Now, story number one.
Speaker 3 (02:54):
Doom and gloom. That's what the media wanted you to
believe that idea would not be done even in this
year with China. Well, guess what the White House and
now and say, significant breakthrough in trade negotiations with China,
marking a positive step forward resolving the ongoing trade tensions
between the two nations. When did this happen? After two
(03:18):
days of constructive talks in Geneva, the US Treasury Secretary
Scott Descent and the Trade Representative Jamison Greer reported substantial
progress and discussions with Chinese Vice Premiere. Specific details of
the agreement are set to be released this morning, and
both sides of express optimism about the outcome. I want
(03:41):
you to hear what the Treasury Secretary had to say
after the meeting on Sunday, and I think that led.
Speaker 4 (03:47):
To a great deal of the productivity we've seen. We
will be giving details tomorrow, but I can tell you
that the talks were productive. Had the Vice Premiere, to
vice ministers who were integrally involved, Ambassador Jamison, and myself,
(04:09):
and I spoke to President Trump, as did Ambassador Jamison
last night, and he is fully informed of what is
going on. So there will be a complete briefing tomorrow.
Speaker 3 (04:22):
Morning, complete briefing from the White House. And yet again
the media lied to you just days ago saying this
was going to take at least a year to get done.
If it was going to get done. The US Trade
representative in Geneva also talking about how important this was
and how close they were to understanding each other in
(04:44):
the trade negotiations.
Speaker 5 (04:47):
I want to echo a Secretary's remarks respect to the
Swiss government. They've been so welcoming and they posted this
and everything has gone off lawlessly and we appreciate that.
And again to the Chinese negotiators, Vice Premier Leopo, Vice
Minister Lee Changong, and Vice Minister le Al men worked
very diligently, and these are very tough negotiators. A couple
(05:07):
of them I know from before and have had past
interactions with them. And this was, as the Secretary pointed out,
a very constructive two days. It's important to understand how
quickly we were able to come to agreement, which reflects
that perhaps the differences were not so large as maybe thought.
That being said, there was a lot of groundwork that
(05:27):
went into these two days. Just remember why we're here
in the first place, in the United States as a
mass at one point two trillion dollar trade deficit. So
the President declared a national emergency and imposed tariffs, and
we're confident that the deal we struck with our Chinese
partners will help us to resolve work towards resolving that
national emergency.
Speaker 3 (05:48):
Donald Trump made it clear from the very beginning there
is a trade emergency and the US having that massive
one point two trillion dollar trade deficit, and that is
exactly why the President cleared it. We're confident that the
deal we struck with our Chinese partners will help us
work towards resolving that national emergency. Now, President Trump characterized
(06:10):
the negotiations of that move towards a total reset of
US China trade relations, emphasizing the importance of opening China's
markets to American businesses. Chinese officials also echoing this sentiment,
describing the talks as candid and constructive and highlighting the
establishment of a new consultation mechanism for ongoing economic dialogue
(06:36):
quote unquote. Now, the announcement has already had a positive
impact on the financial markets as well, stock futures rising
and the US dollars strengthening against other currencies. This development
is seen as a hopeful sign for American farmers, retailers,
and consumers who have been affected by the tariff escalations.
(06:57):
Further details of the agreement expected to be disclosed in
a joint statement today, which will provide more insight into
the specific measures agreed upon to ease trade tensions and
foster economic cooperation between the US and China. If there's
one thing that's very clear now, Donald Trump really is
(07:18):
the best negotiator in the world. And this will make
the media and liberals lose their mind because they don't
really care about Americans. They care about Donald Trump being
a failure at all costs, and yet again he proved
them wrong.
Speaker 2 (07:32):
Next story number two.
Speaker 3 (07:34):
It's already an incredible day when it comes to what
the President is doing. But it's not just trade. That
he's going to have a major impact on an issue
that affects so many Americans. We are now learning directly
from the White House. The President Trump and his words said,
this is the most important and impactful truth ever issued, saying,
I'm pleased to announce Monday morning in the White House
(07:57):
at nine am that I'll be signing one of the
most consequential executive orders in our country's history. So what
is it, Well, President Trump revealing that he's going to
be signing this morning that executive order to reduce the
cost to prescriptions in pharmaceutical drugs by thirty to eighty
percent almost instantly. In a post on True Social Trump
(08:22):
pointed out that quote, for many years, the world has
wondered why prescriptions and pharmaceutical drugs are so much more
expensive in the United States of America than they are
in any other nation, adding that sometimes they are five
to ten times more expensive than the same drug manufactured
(08:42):
in the exact same laboratory or plant by the same company.
Trump also criticized the pharmaceutical and drug companies and the
Democratic Party in his post, saying this, the pharmaceuticals last
drug companies would say for years that it was reseal
and development costs, and that all of these costs were
(09:03):
and would be for no reason whatsoever, bore by the
suckers of America alone. Trump said, campaign contributions can do wonders,
but not with me and not with the Republican Party.
President Trump went on to say, quote, we are going
to do the right thing, something that the Democrats have
(09:24):
fought for many years, saying, I'm pleased to announce that
tomorrow morning, Monday morning, in the White House at nine am,
I'll be signing one of the most consequential executive orders
in our country's history. Trump said that prescription drug and
pharmaceutical prices will be in all caps, reduced almost immediately
(09:45):
by thirty to eighty percent. Now, how is this going
to work well? Trump added to the cost of prescription
and pharmaceutical drugs would rise throughout the world. In order
to equalize and for the first time in many years,
bring fairness to America. I will be instituting a quote
most Favored Nations policy, whereby the United States will pay
(10:08):
the same price as a nation that pays the lowest
price anywhere in the world. Trump continued, our country will
finally be treated fairly, and our citizens healthcare costs will
be reduced by numbers never even thought of before. A
fact sheet from the White House also revealed in April
(10:28):
that Trump had sign an executive order directing the Department
of Health and Human Services HHS to take steps to
significantly reduce drug prices for American patients.
Speaker 5 (10:39):
Now.
Speaker 3 (10:39):
Trump's executive order this morning also provides a massive discounts
to low income patients for life saving medications such as insulin.
End quote helped states reduce drug prices through the facilitation
of important programs that could save States millions of prescription
drug costs. Yes, the President said, no longer will you
(11:03):
be paying because of lobbyists and the Democratic Party and
what they've done to allow the jacking up of prices
far higher than anywhere else in the world.
Speaker 2 (11:13):
And here is story number three.
Speaker 3 (11:15):
In a shocking revelation, we now have found out that
the FAA, the Federal Aviation Administration, is relying on such
outdated technology that the Transportation Secretary Sean Duffy has disclosed
that the agency is forced to purchase replacement parts on
platforms like eBay due to how obsolete their current systems are.
(11:38):
The administration is now promising that there will be a
massive overhaul the system, but it could take years to accomplish.
Sean Duffy doing a sit down interview with CBS this
morning explaining just how bad the system is and why
Donald Trump has told him it's time to overhaul. It's
(11:59):
fast as we can.
Speaker 6 (12:01):
Our main mission is safety, and so if there's any
concern with safety, we slow down traffic and there might
be delayed there might be cancelations, and we take those
precautions to make sure that you get from your departure
city to your arrival city. But it's gonna take a
little bit of time. Now, the main line that feeds
information into Newark that went down, the secondary line didn't
(12:24):
stand up, and so both lines are now working. We
have a little bit of issues with our air traffic controllers.
Some of them have stepped out of the tower they
were stressed. So we're training new individuals in the Philly
traycon which services Newark, and we're building a whole new
fiber driven system down in Philly that does serve that
Traycon or the Newark Airport. So there's an weren't a
(12:46):
situation where you know it's gonna take us a little
bit of time. I hope by this summer we're gonna
be fully functioning.
Speaker 1 (12:52):
Yeah.
Speaker 7 (12:52):
I was going to say, mister w what does that
mean when you say a little bit of time? You
say by the summer, Because I'm thinking the problem with
Newark is when you hear the screens went down and
no one seemed to be able to explain that. You
don't think we have to worry about that happening again.
You think they've corrected that problem.
Speaker 6 (13:07):
Well, in Newark, both lines are working and so you know, listen, yes,
and if both lines do go down, there are emergency procedures,
backup procedures that we take to talk to airplanes to
make sure they stay separated. But Gail, I'm concerned. I mean,
this system that we use many much of the equipment
you have to buy an ebait. No one makes it anymore.
That's how old the system is that we fly on today,
(13:28):
which is why yesterday I called for a brand new
infrastructure plan to rebuild everything across the spectrum for air
traffic control. It is well overdue in America. And I
think what you've seen in Newark is you're having failings.
And when you have the failings, you take a look
at the whole system and could other parts you know,
have issues. Of course it could have issues, but that's
(13:49):
why it's a call to action to do this for
America so you always feel safe when you're flying gale.
Speaker 3 (13:53):
Thank goodness, the Trump administration is willing to take on
a problem that every other administration just wanting to kick
the care down the road, and we'll finally be able
to know that we have a system that's reliable and
safe and parts are no longer being bought on eBay.
Speaker 2 (14:08):
Thank you for listening to the forty seven 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.
Host
Ben Ferguson
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Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.