Verdict with Ted Cruz - July 31, 2025


BONUS POD: Pelosi Under Fire as Trump Slams ‘Disgraceful’ Stock Gains


Episode Stats

Misogynist Sentences

5


Summary

Trump calls out Pelosi for making a fortune with her husband, and she responds in a CNN interview. Meanwhile, Pelosi's husband Paul Pelosi is worth an estimated $413 million, according to a new report by the New York Times.


Transcript

00:00:00.000 This is an iHeart Podcast.
00:00:02.500 Guaranteed human.
00:00:05.780 Thrilled to sign the VA Home Loan Program Reform Act into law.
00:00:11.200 This legislation provides desperately needed relief to veterans and their families who have fallen behind on their mortgages.
00:00:18.140 It helps keep our promise to end veterans' homelessness, and we're going to do that for America.
00:00:24.460 We're going to do that for our great veterans.
00:00:25.980 You're listening to the 47 Morning Update with Ben Ferguson.
00:00:30.160 Good Thursday morning.
00:00:31.160 It's so nice to have you with us on the 47 Morning Update, and we've got one big story for you.
00:00:37.440 Donald Trump at the White House today calling out Nancy Pelosi for becoming rich by having inside trading information.
00:00:46.340 The president saying, quote, she made a fortune with her husband, and I think it's disgraceful.
00:00:52.320 Well, Nancy Pelosi also firing back and becoming very irritated in a CNN interview.
00:00:58.280 I've got it all for you.
00:00:59.840 But first, I want to talk to you about starting my day.
00:01:03.080 I do it every morning with an amazing cup of Crockett coffee.
00:01:06.940 If you want unbelievable coffee every morning, then I've got to introduce you to Crockett coffee.
00:01:12.700 And I just had my first cup a few moments ago.
00:01:15.240 I've got a cup of coffee every moment when I'm doing this show.
00:01:18.580 Crockett coffee is roasted to perfection in small batches on purpose by experts that love the taste of amazing coffee.
00:01:26.100 It's roasted in our nation's heartland and delivered fresh to your home or office.
00:01:30.420 And if you want to drink coffee every morning that makes you feel like you're outside by a campfire,
00:01:36.360 then you've got to check out the aroma of Crockett coffee.
00:01:40.280 It brews in your home or your office, and you're going to love it.
00:01:43.880 Now, this is premium coffee.
00:01:45.560 If you want an average cup of coffee, do not order Crockett coffee.
00:01:49.720 There is also one other thing I love.
00:01:52.180 It is owned by great conservatives, fellow patriots, Buck Sexton and Clay Travis.
00:01:57.940 They came up with this idea, and they're two guys that never sell out.
00:02:02.780 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.
00:02:09.500 And if you're interested in mushroom coffee and the positive benefits that come with that, you can also check that out at Crockett coffee.
00:02:15.920 Now, I want to save you some money right now.
00:02:17.780 Go online to Crockett coffee.com.
00:02:20.880 Use my name, Ben.
00:02:22.560 You're going to get 20% off your first order.
00:02:24.800 That's Crockett coffee.com.
00:02:27.200 Use my name, Ben.
00:02:27.980 You're going to get 20% off your first order.
00:02:30.260 You are going to love your coffee every morning.
00:02:32.960 Try it.
00:02:33.420 You'll be hooked just like I am.
00:02:34.980 And you're going to go, man, I love supporting great conservatives who are willing to go out there and start new businesses for conservatives just like you.
00:02:43.040 Crockett coffee.com.
00:02:44.480 Promo code Ben.
00:02:45.620 Get you 20% off your first order.
00:02:48.060 Try it right now.
00:02:49.320 It's the 47 Morning Update, and it starts right now.
00:02:52.620 Story number one.
00:02:53.680 President Donald Trump coming out swinging, calling for a Pelosi investigation over insider trading, and describing what she has done as nothing less than disgraceful.
00:03:04.440 President Donald Trump calling for an investigation based on the facts.
00:03:09.840 Why?
00:03:10.480 Well, he was asked about a bill to ban stock trading among members of Congress.
00:03:14.360 I want you to put this into perspective what has been reported on so you understand the outrage here.
00:03:19.900 Nancy Pelosi's current government salary is $174,000 a year.
00:03:24.460 Now, that's standard pay for rank-and-file members of Congress.
00:03:27.420 There's other roles that may get her more money, when she was the speaker, for example, or a party leadership.
00:03:33.540 But if you look at her net worth, here is what we know.
00:03:37.220 Open Secrets, for example, estimates Nancy Pelosi's net worth back in 2018 to be $114.7 million.
00:03:46.140 Now, as of mid-2024, Investotopia estimated the couple's net worth at over $240 million, with substantial holdings in tech stocks and real estate, $45 million alone in property.
00:04:02.120 All of this off of $174,000 and change a year.
00:04:05.680 Now, more recently, there have been new estimates.
00:04:08.840 As of June 1, for example, there was a new estimate that their net worth was well over $260 million, including about $127 million in publicly tracked equities.
00:04:19.800 And then you look at 2024.
00:04:22.520 Financial disclosures show that Paul Pelosi, that's the husband of Nancy Pelosi, earned, and this is a big range, between $7.8 million and $42.5 million.
00:04:33.240 In 2024 alone from stock trades, boosting their estimated net worth to as much as $413 million, a figure that's been cited by many outlets, including the Times.
00:04:48.020 Here's the other thing that you should know before I let you hear it from the president.
00:04:52.560 Nancy Pelosi and her husband's portfolio reportedly delivered a 54% return in 2024.
00:05:01.540 Substantially outperforming major hedge funds and the 25% historic gain in the S&P 500.
00:05:10.620 Notable trades included early investments in stocks that exploded, like NVIDIA and Palo Alto networks,
00:05:17.900 as well as timely sales of Microsoft and Visa shares ahead of regulatory scrutiny.
00:05:25.540 And the stocks came down significantly.
00:05:27.640 Now, critics argue that Pelosi's consistent trading success may reflect access to non-public information.
00:05:36.120 This is why she's making so much money, is what many believe.
00:05:40.340 Now, Donald Trump was asked about this at the White House, as they were talking about stopping trading of stocks by members of Congress.
00:05:48.520 And I want you to listen carefully to what the president had to say.
00:05:51.520 Nancy Pelosi became rich by having inside information.
00:05:56.480 She made a fortune with her husband, and I think that's disgraceful.
00:06:00.360 So in that sense, I'd like it.
00:06:01.640 But I'd have to really see the, you know, I studied these things very carefully, and this just happened.
00:06:06.380 So I'll take a look at it.
00:06:07.800 But conceptually, I like it.
00:06:09.780 And what I do think is Nancy Pelosi should be investigated, because what she has the highest return of anybody practically in the history of Wall Street, save a few.
00:06:21.240 And how did that happen?
00:06:23.580 It happened by she knows exactly what's going to happen, what's going to be announced.
00:06:26.960 She buys stock, and then the stock goes up after the announcement's made.
00:06:30.600 And she ought to be investigated.
00:06:31.780 Now, you can hear the president there making it clear what he believes should happen.
00:06:36.180 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.
00:06:44.980 And what did Nancy Pelosi say?
00:06:47.540 Well, Jake Tapper apparently is acting like he's a tough journalist and decided to ask Pelosi a question about insider trading.
00:06:55.560 Now, of course, he's saying President Trump said it, not me.
00:06:59.000 You know, we're not doing any investigative work here.
00:07:01.020 No, no, no.
00:07:01.380 We're just going to ask you about what Trump said.
00:07:03.480 And Nancy Pelosi went into a, hey, I'm here to talk about something else.
00:07:08.500 I don't want to talk about this.
00:07:10.100 I'm here to talk about the 60th anniversary of Medicaid.
00:07:12.920 That's why I agreed to come on here.
00:07:14.540 And then she started to ramble even more.
00:07:17.660 Listen carefully.
00:07:18.720 Good evening, President Trump mentioned you, and he made an allegation about your investments.
00:07:23.140 I want to roll that clip and then give you a chance to respond.
00:07:25.540 Let me just read what he said.
00:07:26.780 I'm sorry that we had some sort of technical issue.
00:07:28.700 Nancy Pelosi became rich.
00:07:29.660 I might have to read that.
00:07:30.780 We're here to talk about the 60th anniversary of Medicaid.
00:07:34.600 That's what I agreed to come to talk about.
00:07:36.300 Yeah, but I wanted to.
00:07:37.080 And what that means in the election.
00:07:38.760 I wanted to give you a chance to respond.
00:07:40.260 He accused you of insider trading.
00:07:41.700 What's your response to that?
00:07:42.840 That's ridiculous.
00:07:43.780 In fact, I very much support the stop the trading of members of Congress.
00:07:49.300 Not that I think anybody's doing anything wrong.
00:07:51.660 If they are, they are prosecuted and they go to jail.
00:07:55.180 But because of the confidence that it instills in the American people, don't worry about this.
00:08:01.400 But I have no concern about the obvious investments that have been made over time.
00:08:09.340 I'm not into it.
00:08:10.280 My husband is.
00:08:10.940 But it isn't anything to do with anything insider.
00:08:14.120 But the president has his own exposure.
00:08:16.360 So he's always projecting.
00:08:18.460 He's always projecting.
00:08:19.860 And let's not give him any more time on that, please.
00:08:22.760 We're going forward here.
00:08:24.240 And I'm very proud of my family.
00:08:27.120 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,
00:08:34.520 hits my husband over the head and he thinks that's a riot,
00:08:37.780 I'd rather not go into some of my other complaints about him right now.
00:08:41.340 Rather to talk about the 60th anniversary of Medicaid and Medicare.
00:08:46.440 What a triumph, a great pillar of economic and health security for the American people.
00:08:52.100 We had over the weekend a Caring Across Generations initiative of a 60-hour vigil of all of us taking turns,
00:09:04.080 myself, my daughter, my granddaughter, and all of us taking turns over 60 hours to tell stories of what all of this means in people's lives.
00:09:14.260 We, since all this has emerged, have had 300,000 calls from our Californians to people in Republican-held districts
00:09:25.380 for the constituents to call their Republican members of Congress who have voted for this shameful, shameful, dirty, filthy, stinking, lousy, rotten, anything-but-beautiful act.
00:09:40.400 And now we are engaged in the Save Medicaid summer.
00:09:44.440 So today is the 60th anniversary.
00:09:47.640 It's something to be very, very proud of.
00:09:50.240 And instead of what the Republicans are doing to deprive people of access to health care who need it so badly,
00:09:56.500 people with disabilities who need it so badly, for the children who need it so badly.
00:10:01.380 There are two things we just have to go back to in this audio.
00:10:04.280 Number one, Pelosi tried to dodge the question of insider trading, then saying,
00:10:08.280 I'm not into it, my husband is.
00:10:10.440 Yes, she said that.
00:10:11.720 Here's the receipt.
00:10:13.120 I'm not into it, my husband is.
00:10:15.180 One thing is for sure.
00:10:16.640 Nancy Pelosi, she's nervous, and she's pointing her finger to her husband, saying,
00:10:21.420 I don't do anything.
00:10:22.320 I don't know anything.
00:10:23.500 I'm not into anything insider.
00:10:25.860 And oh, by the way, let me point at Donald Trump.
00:10:28.700 You know, he's got his own exposure, so he's always projecting.
00:10:31.560 He's always projecting.
00:10:32.540 Yes, that is Nancy Pelosi's response to being worth hundreds of millions of dollars on a $174,000 salary.
00:10:42.640 So if you want to know why Donald Trump said she should be investigated,
00:10:45.760 well, maybe just listen to Nancy Pelosi's own words.
00:10:48.820 Thank you for listening to the 47 Morning Update with Ben Ferguson.
00:10:52.940 Please make sure you hit subscribe wherever you're listening to this podcast right now.
00:10:57.840 And for more in-depth news, also subscribe to the Ben Ferguson podcast,
00:11:02.680 and we will see you back here tomorrow.
00:11:06.420 This is an iHeart Podcast.
00:11:09.340 Guaranteed Human.