November 28, 2025 • 13 mins
-
Affordability Narrative
- Democrats were previously dismissing inflation and now emphasizing affordability.
- Democrats are trying to portray the economy as a disaster and blame Trump.
-
Gas Prices & Energy
- Positive news: Thanksgiving gas prices at their lowest since the pandemic.
- National average forecast: $3.02 per gallon.
- Nearly 30 states have prices under $3; Oklahoma leads at $2.50.
- Liberal states like California have much higher prices ($4.63), attributed to regulation and taxation.
- Trend framed as a result of Trump’s energy policies.
-
Holiday Spending
- U.S. holiday spending expected to top $1 trillion for the first time.
- Mixed consumer sentiment:
- Surveys show some tightening (Gen Z plans to spend 23% less).
- National Retail Federation predicts sales growth of 2.9–3.4%.
- Concerns about tariffs and shipping delays; advice to shop early.
-
Thanksgiving Meal Costs
- Down 5% from last year, lowest in four years.
- Average cost for 10 people: $55.18.
- Sharp decline in turkey prices (down 16%).
- Contrast with Biden-era inflation:
- Prices surged 14% in 2021 and 20% in 2022.
- Overall increase of ~24% during Biden’s term.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
We must now re examine every single alien who's entered
our country from Afghanistan under Biden, and we must take
all necessary measures to ensure the removal of any alien
from any country who does not belong here or add
benefit to our country.
Speaker 2 (00:17):
If they can't love our country, we don't want them.
Speaker 1 (00:19):
America will never bend and never yield in the face
of terror, and at the same time, we will not
be deterred from the mission the service members were so
nobly fulfilling.
Speaker 3 (00:30):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 4 (00:34):
Good Black Friday. So nice to have you with us
on the forty seven Morning Update. And we've got a
big economic story for you, and it deals with affordability
and major changes that have come under the Trump administration
in less than a year of being in office. So
why are the Democrats all about doom and gloom and
where the facts actually sang about prices, especially if so
(00:56):
many are spending big bucks today.
Speaker 2 (00:58):
And we've got the good news for you. But first, did.
Speaker 4 (01:02):
You see that gold just hit an all time new
high of over four thousand dollars an ounce? And if
you hear that and you're like, are you kidding me,
and you're thinking, gosh, I missed my opportunity. Well, I
don't know if you missed your opportunity, but my friends
at Kurt Elliott Precious Medals they can answer that question
for you. You also may not be paying attention to the
(01:23):
incredible games with silver that are happening right now as well,
and that's why I trust the guidance of the team
at kirk Elliott. In fact, I literally just got a
hundred ounce bar of silver the other day, and the
reason why is because after I talked to the team
at kirk Elliot Precious Medals, they let me understand exactly
(01:44):
where I could have a big upside in investing in silver. Now,
the other part that I love about them is this
they have transparent pricing. There are a lot of gold
companies that you'll hear about if you listen to talk
radio or podcasts or watch TV, but do they tell
you how the pricing actually works well. At kirk Elliott,
(02:04):
they're real simple, just eight percent when you buy and
zero commissions when you sell, with no hidden fees. Ever,
that is the other reason why I recommend them to
all of you. They also don't sell you quote rare
coins are precious coins that you pay insane markups on
and then when you go to sell them you find
(02:24):
out they're really not worth that much. They are a
bollyon only approach. They focus on investment grade metals, no
overpriced collectibles, no gimmicks. That means you get more gold
or silver for your money at fair value when it's
time for you to sell. So if you're ready to
find out if gold and silver is right for you
(02:46):
in your portfolio, then call them and get a plan.
You can visit them at ke PM dot com, slash
ben that's k e PM dot com Ben or seven
to zero six O five thirty nine hundred at seven
two zero six oh five thirty nine hundred Kirk Elliott
(03:11):
Precious Metals online.
Speaker 2 (03:13):
At k e PM dot com.
Speaker 4 (03:16):
It's the forty seven Morning Update and it starts right now.
Speaker 2 (03:19):
Story number one.
Speaker 4 (03:21):
There's a word that a lot of you may have heard, affordability.
It is the obsession word of the Democratic Party right now,
something they never mentioned when Joe Biden was President of
the United States of America. Instead, they lied to you
and said that there was no such thing as inflation,
that it was transitory, and that things were quote getting
better and gas prices really weren't that bad.
Speaker 2 (03:42):
Well, now they're wanting.
Speaker 4 (03:44):
Americans to believe that the economy is a disaster and
they're trying to blame Donald Trump for everything. So let's
talk about the facts of where we were a year
ago compared to now, specifically around Black Friday and holiday
trap for Thanksgiving travelers.
Speaker 2 (04:02):
There's a bit of good news.
Speaker 4 (04:04):
Let me say that again, a bit of good news
for you at the pump. Gas prices are holding steady,
a far crime from the sticker shock of recent years.
Gas Buddy is now forecasting a national average three dollars
and two cents per gallon over the holiday, matching yes,
(04:25):
a low price that we needed desperately to help Americans,
and we also now know that there's other things that
are really exciting Thanksgiving gas prices. This is the lowest
we've had since the pandemic, when the national average hit
three dollars and thirty nine cents a gallon in twenty
twenty one and three dollars and fifty six cents a
(04:46):
gallon in twenty twenty two. Gas prices are coming down
and for many drivers, and national stability is showing up
locally as well. Nearly thirty states now boast average prices
of under three dollars a gallon, from Colorado to New
Hampshire to Georgia. According to Triple A, Oklahoma tops the
(05:09):
list with an average of just two dollars and fifty
cents a gallon. That is a welcome number on many
gas station signs for consumers. Now at the other end
of the spectrum, where liberals are in charge, you've still
got paint at the pump with overregulation and taxation. Let
me give you an example of that. California is now
(05:31):
topping the list as the most expensive state when it
comes to buying a gallon of gasoline. When you look
at Oklahoma, a conservative state with not a lot of
regulation to make prices skyrocket, and certain blends a demand
to protect the environment right because of global warming, well,
compare it to what they're paying in California. It is
(05:54):
four dollars and sixty three cents per gallon compared to
just two to fifty galls in Oklahoma. Hawaii is actually cheaper,
and that's not something you hear about very often, as
Hawaii is one of the most expensive places to just
get gasoline. Two it is now less expensive to buy
a gallon of gas in Hawaii than it is with
(06:17):
all the regulations on gasoline in California. Hawaii at four
dollars and forty seven cents a gallon, compared to four
to sixty three in California. Washington State, another liberal bastion
of well socialism, they now are at four dollars and
eighteen cents a gallon, and rounding out the top ten
(06:38):
are Nevada at three eighty four a gallon, Alaska at
three seventy five a gallon, Arizona at three thirty seven
a gallon, and three states tied at three twenty nine Pennsylvania.
Speaker 2 (06:50):
Idaho, and Illinois.
Speaker 4 (06:52):
Meanwhile, the most affordable gas can be found in conservative
states Oklahoma at two dollars and fifty seven and cins
a gallon, Mississippi at two sixty one a gallon, and
Louisiana two sixty five a gallon.
Speaker 2 (07:06):
Those states.
Speaker 4 (07:07):
The follow other conservative states Tennessee at two sixty six
a gallen, Arkansas at two sixty seven a gallen, Texas
at two seventy a gallon, Kansas at two seventy one,
Missouri at two seventy three, Alabama two seventy three in
Kentucky at two seventy four a gallon. You notice the
trend here. Where there are conservative states, there are lower prices.
Speaker 2 (07:31):
And when you have the.
Speaker 4 (07:32):
Most radical liberals were at what are their prices almost
double what is being paid in conservative states. TRIPLEA anticipates
at nearly eighty two million Americans will journey at least
fifty miles from home over the Thanksgiving holiday, one point
six million more than last year, marking a record high
(07:54):
for Thanksgiving travel. Now the revelation comes to the Trump
administration is pushing ahead on energy, dominance independence. It's a
key pillar President Donald Trump's economic and national security agenda.
And while Thanksgiving marks the year's busiest travel stretch, it
isn't the only time drivers have caught a break. This
(08:15):
Labor Day, motors saw the lowest gas prices in a
half a decade. So this is not just one blip
on the map. It's a clear trend because of the
President of the United States America putting Americans first, which
also brings us to what's about to happen with US
holidays spending. How do Americans actually feel about the economy
(08:37):
and where we are right now? US holidays spending, we're
now being told is expected to top one trillion dollars
for the first time ever. I want you to take
a listen to what they had to say about the
holidays and shopping patterns this year on Fox Business Channel.
(09:00):
Concerns about the economy, people are still looking to spend.
Speaker 5 (09:03):
Jerry Willis has the numbers, She joins us Now, hey, Jerry, Yeah,
you know, it's interesting everybody asking just how generous American
consumers will be this holiday season. The question still under debate.
Both Price Waterhouse and Deloitte surveys of consumers showing Americans
tightening their purse strings with declines of anywhere from five
(09:23):
to ten percent. Gen Z the most cautious, saying they
plan to spend twenty three percent less than last year,
but the National Retail Federation sees sales rising two point
nine to three point four percent, breaking through the one
trillion mark for the first time.
Speaker 2 (09:40):
Matter now.
Speaker 5 (09:41):
Meanwhile, the big discounters like Walmart, TJ Max showing strong
early results. But what can consumers expect is they hit
them all. Some fire up their web browsers this holiday season.
One retail consultant says, potential Price hikes loom with the
elimination of the Dominimu's tariff, which allowed goods under one
thousand from offshore to enter the US duty free. She
(10:04):
says it could cost sticker shock for some consumers.
Speaker 6 (10:08):
Listen, you need to buy now because we don't know
what's going to happen. Tariffs could go up at any point,
in which case those prices will get passed on. The
price increase we will immediately get passed on to the
consumer now.
Speaker 5 (10:21):
Travel snaffoos could also make it difficult to get your
presence delivered on time, so Herzog is also recommending shipping
presents early by December seventeenth at the least, plus the
big the best prices that is on big ticket electronics
will be available after the holiday season January fifth and later.
Bottom line, if you want to save money this holiday season,
(10:43):
make a list, stick to it, and start early now.
Speaker 4 (10:48):
This is also happening as we're seeing something else that's
going to make you very happy, and that is Thanksgiving.
Mail costs have declined to the lowest level in four years.
Another example of a affordability the Democrats are trying to
say is terrible and actually it's running yet again in
the right direction. The costs of a traditional Thanksgiving meal
down sharply, falling to the lowest price since twenty twenty one,
(11:12):
according to the American Farm Bureau. The Farm Bureau's fortieth
Anniel survey found that a classic Thanksgiving dinner for ten
people will cost fifty five to eighteen that is down
five percent from last year. Since nineteen eighty six, volunteers
across all fifty states in Puerto Rico have been organized
by the American Farm Bureau to record local prices for turkey,
(11:35):
cube stuffing, sweet potatoes, dinner rolls, frozen peas, fresh cranberry, salery, carrots,
pumpkin pie mix and crust, whipping cream, and whole milk.
Price is soared during the presidency of Joe Biden, with
inflation rising to the worst pace in forty years. The
price of a classic Thanksgiving meal searched fourteen percent in
(11:56):
twenty twenty one alone, Biden's first year in office, then
hitting a record high of fifty three to thirty one,
despite the administration's insistence that the price increases were transitory
or the result of a temporary supply shock. The following year,
what came to be called Biden, inflation was even worse.
The price of a Thanksgiving meal jumped another twenty percent
(12:17):
to a skyrocketing sixty four oh five. By Biden's final Thanksgiving,
the price of a traditional family holiday meal was twenty
four percent higher than it was when he took office. Yes,
almost a twenty five percent increase. This year's decline was
driven by a sharp fall in the price of turkey.
A sixteen pound turkey will cost an average of twenty
(12:38):
one to fifty That is down sixteen percent from Joe
Biden's final year in office. So is the economy getting better? Yes,
It's pricing getting better for you, yes? And is this
something we should all be excited about? You better believe it.
Speaker 3 (12:55):
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 must now re examine every single alien who's entered
our country from Afghanistan under Biden, and we must take
all necessary measures to ensure the removal of any alien
from any country who does not belong here or add
benefit to our country.
Speaker 2 (00:17):
If they can't love our country, we don't want them.
Speaker 1 (00:19):
America will never bend and never yield in the face
of terror, and at the same time, we will not
be deterred from the mission the service members were so
nobly fulfilling.
Speaker 3 (00:30):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 4 (00:34):
Good Black Friday. So nice to have you with us
on the forty seven Morning Update. And we've got a
big economic story for you, and it deals with affordability
and major changes that have come under the Trump administration
in less than a year of being in office. So
why are the Democrats all about doom and gloom and
where the facts actually sang about prices, especially if so
(00:56):
many are spending big bucks today.
Speaker 2 (00:58):
And we've got the good news for you. But first, did.
Speaker 4 (01:02):
You see that gold just hit an all time new
high of over four thousand dollars an ounce? And if
you hear that and you're like, are you kidding me,
and you're thinking, gosh, I missed my opportunity. Well, I
don't know if you missed your opportunity, but my friends
at Kurt Elliott Precious Medals they can answer that question
for you. You also may not be paying attention to the
(01:23):
incredible games with silver that are happening right now as well,
and that's why I trust the guidance of the team
at kirk Elliott. In fact, I literally just got a
hundred ounce bar of silver the other day, and the
reason why is because after I talked to the team
at kirk Elliot Precious Medals, they let me understand exactly
(01:44):
where I could have a big upside in investing in silver. Now,
the other part that I love about them is this
they have transparent pricing. There are a lot of gold
companies that you'll hear about if you listen to talk
radio or podcasts or watch TV, but do they tell
you how the pricing actually works well. At kirk Elliott,
(02:04):
they're real simple, just eight percent when you buy and
zero commissions when you sell, with no hidden fees. Ever,
that is the other reason why I recommend them to
all of you. They also don't sell you quote rare
coins are precious coins that you pay insane markups on
and then when you go to sell them you find
(02:24):
out they're really not worth that much. They are a
bollyon only approach. They focus on investment grade metals, no
overpriced collectibles, no gimmicks. That means you get more gold
or silver for your money at fair value when it's
time for you to sell. So if you're ready to
find out if gold and silver is right for you
(02:46):
in your portfolio, then call them and get a plan.
You can visit them at ke PM dot com, slash
ben that's k e PM dot com Ben or seven
to zero six O five thirty nine hundred at seven
two zero six oh five thirty nine hundred Kirk Elliott
(03:11):
Precious Metals online.
Speaker 2 (03:13):
At k e PM dot com.
Speaker 4 (03:16):
It's the forty seven Morning Update and it starts right now.
Speaker 2 (03:19):
Story number one.
Speaker 4 (03:21):
There's a word that a lot of you may have heard, affordability.
It is the obsession word of the Democratic Party right now,
something they never mentioned when Joe Biden was President of
the United States of America. Instead, they lied to you
and said that there was no such thing as inflation,
that it was transitory, and that things were quote getting
better and gas prices really weren't that bad.
Speaker 2 (03:42):
Well, now they're wanting.
Speaker 4 (03:44):
Americans to believe that the economy is a disaster and
they're trying to blame Donald Trump for everything. So let's
talk about the facts of where we were a year
ago compared to now, specifically around Black Friday and holiday
trap for Thanksgiving travelers.
Speaker 2 (04:02):
There's a bit of good news.
Speaker 4 (04:04):
Let me say that again, a bit of good news
for you at the pump. Gas prices are holding steady,
a far crime from the sticker shock of recent years.
Gas Buddy is now forecasting a national average three dollars
and two cents per gallon over the holiday, matching yes,
(04:25):
a low price that we needed desperately to help Americans,
and we also now know that there's other things that
are really exciting Thanksgiving gas prices. This is the lowest
we've had since the pandemic, when the national average hit
three dollars and thirty nine cents a gallon in twenty
twenty one and three dollars and fifty six cents a
(04:46):
gallon in twenty twenty two. Gas prices are coming down
and for many drivers, and national stability is showing up
locally as well. Nearly thirty states now boast average prices
of under three dollars a gallon, from Colorado to New
Hampshire to Georgia. According to Triple A, Oklahoma tops the
(05:09):
list with an average of just two dollars and fifty
cents a gallon. That is a welcome number on many
gas station signs for consumers. Now at the other end
of the spectrum, where liberals are in charge, you've still
got paint at the pump with overregulation and taxation. Let
me give you an example of that. California is now
(05:31):
topping the list as the most expensive state when it
comes to buying a gallon of gasoline. When you look
at Oklahoma, a conservative state with not a lot of
regulation to make prices skyrocket, and certain blends a demand
to protect the environment right because of global warming, well,
compare it to what they're paying in California. It is
(05:54):
four dollars and sixty three cents per gallon compared to
just two to fifty galls in Oklahoma. Hawaii is actually cheaper,
and that's not something you hear about very often, as
Hawaii is one of the most expensive places to just
get gasoline. Two it is now less expensive to buy
a gallon of gas in Hawaii than it is with
(06:17):
all the regulations on gasoline in California. Hawaii at four
dollars and forty seven cents a gallon, compared to four
to sixty three in California. Washington State, another liberal bastion
of well socialism, they now are at four dollars and
eighteen cents a gallon, and rounding out the top ten
(06:38):
are Nevada at three eighty four a gallon, Alaska at
three seventy five a gallon, Arizona at three thirty seven
a gallon, and three states tied at three twenty nine Pennsylvania.
Speaker 2 (06:50):
Idaho, and Illinois.
Speaker 4 (06:52):
Meanwhile, the most affordable gas can be found in conservative
states Oklahoma at two dollars and fifty seven and cins
a gallon, Mississippi at two sixty one a gallon, and
Louisiana two sixty five a gallon.
Speaker 2 (07:06):
Those states.
Speaker 4 (07:07):
The follow other conservative states Tennessee at two sixty six
a gallen, Arkansas at two sixty seven a gallen, Texas
at two seventy a gallon, Kansas at two seventy one,
Missouri at two seventy three, Alabama two seventy three in
Kentucky at two seventy four a gallon. You notice the
trend here. Where there are conservative states, there are lower prices.
Speaker 2 (07:31):
And when you have the.
Speaker 4 (07:32):
Most radical liberals were at what are their prices almost
double what is being paid in conservative states. TRIPLEA anticipates
at nearly eighty two million Americans will journey at least
fifty miles from home over the Thanksgiving holiday, one point
six million more than last year, marking a record high
(07:54):
for Thanksgiving travel. Now the revelation comes to the Trump
administration is pushing ahead on energy, dominance independence. It's a
key pillar President Donald Trump's economic and national security agenda.
And while Thanksgiving marks the year's busiest travel stretch, it
isn't the only time drivers have caught a break. This
(08:15):
Labor Day, motors saw the lowest gas prices in a
half a decade. So this is not just one blip
on the map. It's a clear trend because of the
President of the United States America putting Americans first, which
also brings us to what's about to happen with US
holidays spending. How do Americans actually feel about the economy
(08:37):
and where we are right now? US holidays spending, we're
now being told is expected to top one trillion dollars
for the first time ever. I want you to take
a listen to what they had to say about the
holidays and shopping patterns this year on Fox Business Channel.
(09:00):
Concerns about the economy, people are still looking to spend.
Speaker 5 (09:03):
Jerry Willis has the numbers, She joins us Now, hey, Jerry, Yeah,
you know, it's interesting everybody asking just how generous American
consumers will be this holiday season. The question still under debate.
Both Price Waterhouse and Deloitte surveys of consumers showing Americans
tightening their purse strings with declines of anywhere from five
(09:23):
to ten percent. Gen Z the most cautious, saying they
plan to spend twenty three percent less than last year,
but the National Retail Federation sees sales rising two point
nine to three point four percent, breaking through the one
trillion mark for the first time.
Speaker 2 (09:40):
Matter now.
Speaker 5 (09:41):
Meanwhile, the big discounters like Walmart, TJ Max showing strong
early results. But what can consumers expect is they hit
them all. Some fire up their web browsers this holiday season.
One retail consultant says, potential Price hikes loom with the
elimination of the Dominimu's tariff, which allowed goods under one
thousand from offshore to enter the US duty free. She
(10:04):
says it could cost sticker shock for some consumers.
Speaker 6 (10:08):
Listen, you need to buy now because we don't know
what's going to happen. Tariffs could go up at any point,
in which case those prices will get passed on. The
price increase we will immediately get passed on to the
consumer now.
Speaker 5 (10:21):
Travel snaffoos could also make it difficult to get your
presence delivered on time, so Herzog is also recommending shipping
presents early by December seventeenth at the least, plus the
big the best prices that is on big ticket electronics
will be available after the holiday season January fifth and later.
Bottom line, if you want to save money this holiday season,
(10:43):
make a list, stick to it, and start early now.
Speaker 4 (10:48):
This is also happening as we're seeing something else that's
going to make you very happy, and that is Thanksgiving.
Mail costs have declined to the lowest level in four years.
Another example of a affordability the Democrats are trying to
say is terrible and actually it's running yet again in
the right direction. The costs of a traditional Thanksgiving meal
down sharply, falling to the lowest price since twenty twenty one,
(11:12):
according to the American Farm Bureau. The Farm Bureau's fortieth
Anniel survey found that a classic Thanksgiving dinner for ten
people will cost fifty five to eighteen that is down
five percent from last year. Since nineteen eighty six, volunteers
across all fifty states in Puerto Rico have been organized
by the American Farm Bureau to record local prices for turkey,
(11:35):
cube stuffing, sweet potatoes, dinner rolls, frozen peas, fresh cranberry, salery, carrots,
pumpkin pie mix and crust, whipping cream, and whole milk.
Price is soared during the presidency of Joe Biden, with
inflation rising to the worst pace in forty years. The
price of a classic Thanksgiving meal searched fourteen percent in
(11:56):
twenty twenty one alone, Biden's first year in office, then
hitting a record high of fifty three to thirty one,
despite the administration's insistence that the price increases were transitory
or the result of a temporary supply shock. The following year,
what came to be called Biden, inflation was even worse.
The price of a Thanksgiving meal jumped another twenty percent
(12:17):
to a skyrocketing sixty four oh five. By Biden's final Thanksgiving,
the price of a traditional family holiday meal was twenty
four percent higher than it was when he took office. Yes,
almost a twenty five percent increase. This year's decline was
driven by a sharp fall in the price of turkey.
A sixteen pound turkey will cost an average of twenty
(12:38):
one to fifty That is down sixteen percent from Joe
Biden's final year in office. So is the economy getting better? Yes,
It's pricing getting better for you, yes? And is this
something we should all be excited about? You better believe it.
Speaker 3 (12:55):
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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