July 31, 2025 • 11 mins
-
Allegations by Donald Trump:
- Former President Donald Trump is quoted calling for an investigation into Nancy Pelosi, accusing her of using insider information to amass wealth through stock trading.
- He claims Pelosi has achieved returns “practically in the history of Wall Street” and suggests this is due to her access to non-public information.
-
Financial Discrepancies Highlighted:
- Pelosi’s government salary is cited as $174,000/year, yet her net worth is reported to have grown from $114.7 million in 2018 to potentially $413 million by 2024.
- The file references sources like OpenSecrets, Investopedia, and The Times to support these figures.
- Paul Pelosi reportedly earned between $7.8 million and $42.5 million in 2024 from stock trades.
-
Stock Performance:
- The Pelosi portfolio allegedly returned 54% in 2024, outperforming the S&P 500’s 25% gain.
- Notable trades included early investments in Nvidia and Palo Alto Networks, and timely sales of Microsoft and Visa.
-
Pelosi’s Response:
- In a CNN interview with Jake Tapper, Pelosi deflects the insider trading question, emphasizing her focus on the 60th anniversary of Medicaid.
- She denies wrongdoing, stating: “I’m not into it. My husband is,” and accuses Trump of “projecting.”
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Thrilled to sign the VA Home Loan Program reformat into law.
This legislation provides desperately needed relief to veterans and their
families who have fallen behind and their mortgages. It helps
keep our promise to end veterans homelessness, and we're going
to do that for America. We're going to do that
for a great veterans.
Speaker 2 (00:21):
If you're listening to the forty seven Morning Update with
Ben ferguson.
Speaker 3 (00:25):
Good Thursday morning, it's so nice to have you with
us on the forty seven Morning Update, and we've got
one big story for you. Donald Trump at the White
House today calling out Nancy Pelosi for becoming rich by
having inside trading information, President saying, quote, she made a
fortune with her husband, and I think it's disgraceful. Well,
(00:48):
Nancy Pelosi also firing back and becoming very irritated in
seeing an interview. I've got it all for you, but
first I want to talk to you about starting my day.
I do it every morning with an amazing cup of
Crockett coffee. If you want unbelievable coffee every morning, then
I got to introduce you to Crockett Coffee. And I
(01:08):
just had my first cup a few moments ago. I've
got a cup of coffee every moment when I'm doing
this show. Crockett Coffee is roasted perfection in small batches
on purpose by experts that love the taste of amazing coffee.
It's roasted in our nation's heartland and delivered fresh to
your home or office. And if you want to drink
coffee every morning that makes you feel like you're outside
(01:30):
by a campfire, then you gotta check out the aroma
of Krockett coffee. It brews in your home or your
office and you're going to love it. Now, this is
premium coffee. If you want an average cup of coffee,
do not order Krockett coffee. There is also one other
thing I love. It is owned by great conservatives, fellow patriots,
(01:51):
Buck Sexton and Clay Travis. They came up with this
idea and they're two guys that never sell out. So
if you're ready to have a great cup of coffee,
then choose between the fresh ground, the whole bean, or
the k cups. And if you're instead of mushroom coffee
and the positive benefits that come with that, you can
also check that out at Crockett Coffee.
Speaker 4 (02:11):
Now, I want to save you some money.
Speaker 3 (02:12):
Right now, go online to Crockettcoffee dot Com. Use my
name Ben, You're gonna get twenty percent off your first order.
That's Crocketcoffee dot Com. Use my name Ben. You're gonna
get twenty percent off your first order. You are going
to love your coffee every morning.
Speaker 4 (02:28):
Try it. You'll be hooked just like I am. And
you're gonna go man.
Speaker 3 (02:31):
I love supporting great conservatives who are willing to go
out there and start new businesses for conservatives just like you.
Crockettcoffee dot Com promo code Ben, get you twenty percent off.
Speaker 4 (02:42):
Your first order. Try it right now.
Speaker 5 (02:44):
It's the forty seven Morning Update and it starts right now.
Speaker 3 (02:48):
Story number one, President Donald Trump coming out swinging, calling
for a Pelosi investigation over insider trading and describing what
she has done is nothing less than disgraceful. President Donald
Trump calling for an investigation based on the facts. Why well,
he was asked about a build a band stock trading
(03:08):
among members of Congress. I want you to put this
into perspective of what has been reported on so you
understand the outrage here. Nancy Pelosi's current government salaries one
hundred and seventy four thousand dollars a year. Now, that's
standard pay for rank and file members of Congress. There's
other roles that may get her more money when she
was a speaker, for example, or a party leadership. But
(03:29):
if you look at her net worth, here is what
we know. Open Secrets, for example, estimates Nancy Pelosi's net
worth back in twenty eighteen to be one hundred and
fourteen point seven million. Now, as of mid twenty twenty four,
Investotopia estimated the couple's net worth at over two hundred
(03:49):
and forty million, with substantial holdings and tech stocks and
real estate forty five million alone in property, all of
this off of one hundred and seventy four thousand change
a year.
Speaker 5 (04:01):
Now.
Speaker 3 (04:01):
More recently, there have been new estimates. As of June one,
for example, there was a new estimate that their net
worth was well over two hundred and sixty million, including
about one hundred and twenty seven million in publicly tracked equities.
And then you look at twenty twenty four financial disclosures
show that Paul Pelosi, that's the husband of Nancy Pelosi,
(04:23):
earned and this is a big range between seven point
eight million and forty two point five million in twenty
twenty four alone from stock trades, boosting their estimated net
worth to as much as four one hundred and thirteen million,
a figure that's been cited by many outlets, including The Times.
(04:43):
Here's the other thing that you should know before I
let you hear from the President. Nancy Pelosi and her
husband's portfolio reportedly delivered a fifty four percent return in
twenty twenty four, substantially outperforming major hedge funds and the
twenty five percent historic gain in the S and P
(05:05):
five hundred. Notable trades included early investments in stocks exploded
like Navidia and Palo Alto Networks, as well as timely
sales of Microsoft and Visa shares ahead of regulatory scrutiny,
and the stocks came down significantly. Now, Critics argue that
Pelosi's consistent trading success may reflect access to non public information.
(05:31):
This is why she's making so much money, is what
many believe now. Donald Trump was asked about this at
the White House as they were talking about stopping trading
of stocks by members of Congress. And I want you
to listen carefully to what the President had to say.
Speaker 1 (05:47):
Atcy Pelosi became rich by having inside information. She made
a fortune with her husband, and I think that's disgraceful.
So in that sense, I'd like it, but I'd have
to really see the you know, I study this very carefully,
and this just happened, so I'll take a look at it.
But conceptually I like it. And what I do think
is Nancy Pelosi should be investigated because what she has
(06:10):
the highest return of anybody practically in the history of
Wall Street save a few. And how did that happen.
It happened by she knows exactly what's going to happen,
what's going to be announced, you buy stock, and then
the stock goes up after the announcements made, and she
had to be investigated.
Speaker 3 (06:28):
Now you can hear the president there make it clear
what he believes should happen. Nancy Pelosi went on CNN,
a place that's you know, extremely friendly with Jake Tapper,
someone that's helped her out with many fake stories in
the past. And what did Nancy Pelosi say, Well, Jake
Tapper apparently he's acting like he's a tough journalist and
decided to ask Pelosi a question about insider trading. Now,
(06:51):
of course he's saying President Trump said it not me.
You know, we're not doing any investigative work here. No, no,
we're just going to ask you about what Trump said.
And Nancy went into a Hey, I'm here to talk
about something else. I don't want to talk about this.
I'm here to talk about the sixty of the universary
of Medicaid. That's why I agree to come on here.
And then she started to ramble even more.
Speaker 5 (07:13):
Listen carefully, and.
Speaker 6 (07:14):
In President Trump mentioned you, and he made an allegation
about your investments. I want to roll that clip and
then give you a chance to respond. Let me just
read what he said. I'm sorry that we had some
sort of technicalish. Nancy Pelosi became.
Speaker 7 (07:25):
Rich, I might have to read that. We're here to
talk about the sixtieth anniversary of Medicaid. That's what I
agreed to come to talk.
Speaker 5 (07:31):
Yeah, but I wanted you to That means in.
Speaker 6 (07:33):
The election, I wanted to give you a chances to respond.
He accused you of insider trading. What's your response to that?
Speaker 7 (07:38):
That's very ridiculous. In fact, I very much support the
stop the trading of members of Congress not that I
think anybody's doing anything wrong. If they are, they are
prosecuted and they go to jail. But because of the
confidence and it stills in the American people don't worry
about this. But I have no concern of about the
(08:00):
obvious investments that had been made over time. I'm not
into it. My husband is, but it isn't anything to
do with anything insider. But the president has his own exposure,
so he's always projecting. He's always projecting, and let's not
give him any more time on that.
Speaker 1 (08:17):
Please.
Speaker 7 (08:18):
We're going forward here, and I'm very proud of my family.
And while he might make fun of us, while somebody
inspired by him breaks into our home and hits my
husband in a deadly fashion, hits my husband over the head,
and he thinks that's a riot, I'd rather not go
into some of my other complaints about him right now,
rather to talk about the sixtieth anniversary of Medicaid and Medicare.
(08:41):
What a triumph, a great pillar of economic and health
security for the American people. We had over the weekend,
carrying across generations initiative of a sixty a sixty hour
vigil of all of us taking turns myself, of my daughter,
my granddaughter, and all the rest, taking turns over sixty
(09:03):
hours to tell stories of how all of this, well,
all this means in people's lives. We since, just since
all this has emerged, have had three hundred thousand calls
from our Californians, two people in public health districts, for
them to call the constituents to call their Republican members
(09:27):
of Congress who have voted for this shameful, shameful, dirty, filthy,
steak and lousy, rotten, anything but beautiful act. And now
we are engaged in the Save Medicaid Summer. So today
is the sixtieth energy It's something to be very very
proud of. And instead of what the Republicans are doing
(09:48):
to deprive people of access to healthcare who need it
so badly, people with disabilities who need it so bad
for the children, let me ask you need it so badly.
Speaker 5 (09:57):
There are two things we just have to go back to.
In this audio.
Speaker 3 (10:00):
Number one, Pelosi tried to dodge the question of incenter trading,
then saying I'm not into it.
Speaker 5 (10:04):
My husband is. Yes, she said that here's the receipt.
Speaker 7 (10:08):
I'm not into it. My husband is.
Speaker 5 (10:10):
One thing is for sure. Nancy Pelosi.
Speaker 3 (10:13):
She's nervous, and she's pointing her finger to her husband, saying,
I don't do anything. I don't know anything. I'm not
into anything insider. And oh, by the way, let me
point ad Donald Trump. You know, he's got his own exposure,
so he's always projecting. He's always projecting. Yes, that is
Nancy Pelosi's response to being worth hundreds of millions of
(10:34):
dollars on one hundred and seventy four thousand dollars salary.
So if you want to know why Donald Trump said
you should be investigated, well maybe just listen to Nancy
Pelosi's own word.
Speaker 2 (10:44):
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
Thrilled to sign the VA Home Loan Program reformat into law.
This legislation provides desperately needed relief to veterans and their
families who have fallen behind and their mortgages. It helps
keep our promise to end veterans homelessness, and we're going
to do that for America. We're going to do that
for a great veterans.
Speaker 2 (00:21):
If you're listening to the forty seven Morning Update with
Ben ferguson.
Speaker 3 (00:25):
Good Thursday morning, it's so nice to have you with
us on the forty seven Morning Update, and we've got
one big story for you. Donald Trump at the White
House today calling out Nancy Pelosi for becoming rich by
having inside trading information, President saying, quote, she made a
fortune with her husband, and I think it's disgraceful. Well,
(00:48):
Nancy Pelosi also firing back and becoming very irritated in
seeing an interview. I've got it all for you, but
first I want to talk to you about starting my day.
I do it every morning with an amazing cup of
Crockett coffee. If you want unbelievable coffee every morning, then
I got to introduce you to Crockett Coffee. And I
(01:08):
just had my first cup a few moments ago. I've
got a cup of coffee every moment when I'm doing
this show. Crockett Coffee is roasted perfection in small batches
on purpose by experts that love the taste of amazing coffee.
It's roasted in our nation's heartland and delivered fresh to
your home or office. And if you want to drink
coffee every morning that makes you feel like you're outside
(01:30):
by a campfire, then you gotta check out the aroma
of Krockett coffee. It brews in your home or your
office and you're going to love it. Now, this is
premium coffee. If you want an average cup of coffee,
do not order Krockett coffee. There is also one other
thing I love. It is owned by great conservatives, fellow patriots,
(01:51):
Buck Sexton and Clay Travis. They came up with this
idea and they're two guys that never sell out. So
if you're ready to have a great cup of coffee,
then choose between the fresh ground, the whole bean, or
the k cups. And if you're instead of mushroom coffee
and the positive benefits that come with that, you can
also check that out at Crockett Coffee.
Speaker 4 (02:11):
Now, I want to save you some money.
Speaker 3 (02:12):
Right now, go online to Crockettcoffee dot Com. Use my
name Ben, You're gonna get twenty percent off your first order.
That's Crocketcoffee dot Com. Use my name Ben. You're gonna
get twenty percent off your first order. You are going
to love your coffee every morning.
Speaker 4 (02:28):
Try it. You'll be hooked just like I am. And
you're gonna go man.
Speaker 3 (02:31):
I love supporting great conservatives who are willing to go
out there and start new businesses for conservatives just like you.
Crockettcoffee dot Com promo code Ben, get you twenty percent off.
Speaker 4 (02:42):
Your first order. Try it right now.
Speaker 5 (02:44):
It's the forty seven Morning Update and it starts right now.
Speaker 3 (02:48):
Story number one, President Donald Trump coming out swinging, calling
for a Pelosi investigation over insider trading and describing what
she has done is nothing less than disgraceful. President Donald
Trump calling for an investigation based on the facts. Why well,
he was asked about a build a band stock trading
(03:08):
among members of Congress. I want you to put this
into perspective of what has been reported on so you
understand the outrage here. Nancy Pelosi's current government salaries one
hundred and seventy four thousand dollars a year. Now, that's
standard pay for rank and file members of Congress. There's
other roles that may get her more money when she
was a speaker, for example, or a party leadership. But
(03:29):
if you look at her net worth, here is what
we know. Open Secrets, for example, estimates Nancy Pelosi's net
worth back in twenty eighteen to be one hundred and
fourteen point seven million. Now, as of mid twenty twenty four,
Investotopia estimated the couple's net worth at over two hundred
(03:49):
and forty million, with substantial holdings and tech stocks and
real estate forty five million alone in property, all of
this off of one hundred and seventy four thousand change
a year.
Speaker 5 (04:01):
Now.
Speaker 3 (04:01):
More recently, there have been new estimates. As of June one,
for example, there was a new estimate that their net
worth was well over two hundred and sixty million, including
about one hundred and twenty seven million in publicly tracked equities.
And then you look at twenty twenty four financial disclosures
show that Paul Pelosi, that's the husband of Nancy Pelosi,
(04:23):
earned and this is a big range between seven point
eight million and forty two point five million in twenty
twenty four alone from stock trades, boosting their estimated net
worth to as much as four one hundred and thirteen million,
a figure that's been cited by many outlets, including The Times.
(04:43):
Here's the other thing that you should know before I
let you hear from the President. Nancy Pelosi and her
husband's portfolio reportedly delivered a fifty four percent return in
twenty twenty four, substantially outperforming major hedge funds and the
twenty five percent historic gain in the S and P
(05:05):
five hundred. Notable trades included early investments in stocks exploded
like Navidia and Palo Alto Networks, as well as timely
sales of Microsoft and Visa shares ahead of regulatory scrutiny,
and the stocks came down significantly. Now, Critics argue that
Pelosi's consistent trading success may reflect access to non public information.
(05:31):
This is why she's making so much money, is what
many believe now. Donald Trump was asked about this at
the White House as they were talking about stopping trading
of stocks by members of Congress. And I want you
to listen carefully to what the President had to say.
Speaker 1 (05:47):
Atcy Pelosi became rich by having inside information. She made
a fortune with her husband, and I think that's disgraceful.
So in that sense, I'd like it, but I'd have
to really see the you know, I study this very carefully,
and this just happened, so I'll take a look at it.
But conceptually I like it. And what I do think
is Nancy Pelosi should be investigated because what she has
(06:10):
the highest return of anybody practically in the history of
Wall Street save a few. And how did that happen.
It happened by she knows exactly what's going to happen,
what's going to be announced, you buy stock, and then
the stock goes up after the announcements made, and she
had to be investigated.
Speaker 3 (06:28):
Now you can hear the president there make it clear
what he believes should happen. Nancy Pelosi went on CNN,
a place that's you know, extremely friendly with Jake Tapper,
someone that's helped her out with many fake stories in
the past. And what did Nancy Pelosi say, Well, Jake
Tapper apparently he's acting like he's a tough journalist and
decided to ask Pelosi a question about insider trading. Now,
(06:51):
of course he's saying President Trump said it not me.
You know, we're not doing any investigative work here. No, no,
we're just going to ask you about what Trump said.
And Nancy went into a Hey, I'm here to talk
about something else. I don't want to talk about this.
I'm here to talk about the sixty of the universary
of Medicaid. That's why I agree to come on here.
And then she started to ramble even more.
Speaker 5 (07:13):
Listen carefully, and.
Speaker 6 (07:14):
In President Trump mentioned you, and he made an allegation
about your investments. I want to roll that clip and
then give you a chance to respond. Let me just
read what he said. I'm sorry that we had some
sort of technicalish. Nancy Pelosi became.
Speaker 7 (07:25):
Rich, I might have to read that. We're here to
talk about the sixtieth anniversary of Medicaid. That's what I
agreed to come to talk.
Speaker 5 (07:31):
Yeah, but I wanted you to That means in.
Speaker 6 (07:33):
The election, I wanted to give you a chances to respond.
He accused you of insider trading. What's your response to that?
Speaker 7 (07:38):
That's very ridiculous. In fact, I very much support the
stop the trading of members of Congress not that I
think anybody's doing anything wrong. If they are, they are
prosecuted and they go to jail. But because of the
confidence and it stills in the American people don't worry
about this. But I have no concern of about the
(08:00):
obvious investments that had been made over time. I'm not
into it. My husband is, but it isn't anything to
do with anything insider. But the president has his own exposure,
so he's always projecting. He's always projecting, and let's not
give him any more time on that.
Speaker 1 (08:17):
Please.
Speaker 7 (08:18):
We're going forward here, and I'm very proud of my family.
And while he might make fun of us, while somebody
inspired by him breaks into our home and hits my
husband in a deadly fashion, hits my husband over the head,
and he thinks that's a riot, I'd rather not go
into some of my other complaints about him right now,
rather to talk about the sixtieth anniversary of Medicaid and Medicare.
(08:41):
What a triumph, a great pillar of economic and health
security for the American people. We had over the weekend,
carrying across generations initiative of a sixty a sixty hour
vigil of all of us taking turns myself, of my daughter,
my granddaughter, and all the rest, taking turns over sixty
(09:03):
hours to tell stories of how all of this, well,
all this means in people's lives. We since, just since
all this has emerged, have had three hundred thousand calls
from our Californians, two people in public health districts, for
them to call the constituents to call their Republican members
(09:27):
of Congress who have voted for this shameful, shameful, dirty, filthy,
steak and lousy, rotten, anything but beautiful act. And now
we are engaged in the Save Medicaid Summer. So today
is the sixtieth energy It's something to be very very
proud of. And instead of what the Republicans are doing
(09:48):
to deprive people of access to healthcare who need it
so badly, people with disabilities who need it so bad
for the children, let me ask you need it so badly.
Speaker 5 (09:57):
There are two things we just have to go back to.
In this audio.
Speaker 3 (10:00):
Number one, Pelosi tried to dodge the question of incenter trading,
then saying I'm not into it.
Speaker 5 (10:04):
My husband is. Yes, she said that here's the receipt.
Speaker 7 (10:08):
I'm not into it. My husband is.
Speaker 5 (10:10):
One thing is for sure. Nancy Pelosi.
Speaker 3 (10:13):
She's nervous, and she's pointing her finger to her husband, saying,
I don't do anything. I don't know anything. I'm not
into anything insider. And oh, by the way, let me
point ad Donald Trump. You know, he's got his own exposure,
so he's always projecting. He's always projecting. Yes, that is
Nancy Pelosi's response to being worth hundreds of millions of
(10:34):
dollars on one hundred and seventy four thousand dollars salary.
So if you want to know why Donald Trump said
you should be investigated, well maybe just listen to Nancy
Pelosi's own word.
Speaker 2 (10:44):
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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