Trump's Triumphant Stock Market Surge & the Battle for Texas Water
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 11 April 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
Oval Office Visit
- Senator Ted Cruz's Visit: Senator Cruz spent about two hours with President Trump in the Oval Office, discussing various topics and receiving a challenge coin from the President.
Stock Market Surge
- Tariffs and Stock Market Impact: President Trump paused tariffs announced on April 2nd and increased tariffs on China, leading to the greatest single-day increase in the stock market in U.S. history. This move was aimed at leveraging negotiations for lower tariffs globally.
Senate Floor Votes
- Late-Night Senate Votes: The document mentions the frustration of Senate Republicans with Democrats blocking the nomination for the Chairman of the Joint Chiefs of Staff, leading to votes being held at 1 AM.
Mexico Stealing Water
- Water Treaty Violation: Mexico has been violating the 1944 Water Treaty by not providing the agreed amount of water to Texas, severely impacting Texas farmers. President Trump, at Senator Cruz's behest, took a strong stance against Mexico, demanding compliance with the treaty and threatening penalties.
Oval Office Swag
- Presidential Gifts: President Trump is known for giving guests various personalized gifts, including signed hats, golf balls, and presidential cufflinks, all paid for out of his own pocket.
Crypto Legislation
- Bill Signing: Senator Cruz introduced legislation to repeal a regulation from the Biden administration that harmed the crypto industry, which President Trump signed into law.
Tariff Strategy
- Negotiation Tactics: The document discusses President Trump's negotiation strategy, using tariffs as leverage to achieve lower tariffs globally and improve market access for American producers.
Personal Anecdotes
- Failures and Successes: Senator Cruz shares personal anecdotes about his failures and successes, emphasizing the importance of perseverance and learning from setbacks.
Political Strategy
- Turning Texas Red: Efforts to flip the Rio Grande Valley from blue to red, highlighting the impact of standing up for local issues like the water treaty violation.
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Transcript
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| 0:00.0 | Somebody had to do it. Roger actually said it. Charles Schwab was here a little while ago, one of the great financial people, and he said, he's been waiting for 40 years for somebody to do what I did. And if you didn't do it, you wouldn't have a country. It wouldn't be sustainable. So I'm honored to have done it. |
| 0:15.9 | This is a 47 morning update special edition with Ben Ferguson. |
| 0:20.3 | It is 151 in the morning. Welcome. It is |
| 0:23.8 | Ben Ferguson with you on the 47 morning update and I've got a special extended show for you right |
| 0:29.5 | now as I am going to be joined with Senator Ted Cruz as we are going to give you the latest from |
| 0:35.5 | the Oval Office where he has spent more than two hours of the president talking about tariffs. |
| 0:41.4 | We're also going to talk about this insane late-night vote as well that is happening as I speak at 151 in the morning as Democrats are doing it to, quote, protest Donald Trump in his agenda and Elon Musk as well throw that in there because |
| 0:55.6 | you know why not and also something else is shocking we have Mexico stealing water from America and |
| 1:04.4 | American farmers the president is now going to stop that threatening tariffs and also sanctions. |
| 1:12.6 | It's the 47 morning update at 151 a.m. on Capitol Hill and it starts right now. |
| 1:19.6 | All right, so let's just start with a little bit of color here. |
| 1:22.6 | I got to say one of the most fun things about going to the Oval Office is Donald Trump loves having guests. |
| 1:31.1 | Yes. |
| 1:31.6 | And the swag that you leave with is just the most incredible level of swag. |
| 1:38.3 | And he pays for it out of his own pocket. |
| 1:40.7 | He does. |
| 1:41.0 | It's not the taxpayers. |
| 1:42.6 | So when I went in the first time, it was in the last and 45 in those |
| 1:46.2 | years. And they asked if I would come up for State of the Union and prep and that. And I was there |
| 1:51.8 | the day of the State of the Union. And at the end, he's like, Ferguson, he's like, I know you got three |
| 1:55.5 | boys at home. What do you need? And I'm like, Mr. President, whatever president whatever you know if you'd signed so he's like no no come over here and he walks you around the corner into the room he has this like full swag room and he's like |
| 2:05.8 | three different hats for the boys signs him he's like now one of your son plays golf he signs a pro v1 |
... |
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