Tuesday, March 4th, 2025 - Trump halts Ukraine aid; Markets tank; Social Security at risk; Trump's "Crypto Strategic Reserve"

Morning Announcements

Betches

News Commentary, Daily News, News, Politics

4.8 • 1.4K Ratings

🗓️ 4 March 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s Headlines: Trump has halted new weapons sales to Ukraine and may freeze existing shipments. Social Security benefits could be disrupted within 30–90 days due to DOGE-related issues, with thousands of employees already laid off. Meanwhile, Trump announced a “Crypto Strategic Reserve” to buy Bitcoin and other cryptocurrencies, briefly boosting prices after a major market drop. The Dow fell 650 points as new tariffs on Mexico, Canada, and China took effect. Former WWE exec Linda McMahon was confirmed as Education Secretary, tasked with dismantling the department. FBI NY chief James Dennehy resigned under pressure after clashing with the DOJ over January 6th cases. Tonight, Trump delivers his joint address to Congress, outlining his agenda. Meanwhile, Pope Francis’ health has worsened after two episodes of acute respiratory failure. Resources/Articles mentioned in this episode: WSJ: U.S. Pauses All Military Aid to Ukraine CNBC: Social Security has never missed a payment. DOGE actions threaten 'interruption of benefits,' ex-agency head says Mashable: Trump attempts to bail out his wealthy cryptocurrency backers with 'U.S. crypto reserve' AP News: Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with 'no room' for delay AP News: Senate confirms McMahon to lead Education Department as Trump pushes to shut it down CNN Politics: Trump’s speech to Congress will be an explanation of his fast-paced first days in office AP News: Head of FBI New York office says he's retired from the bureau after being ordered to do so WA Post: Pope Francis back on ventilator after respiratory failure Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Tuesday, March 4th, and you're listening to the morning announcements presented by
0:05.5	Betches Media. I'm your host, Sammy Sage, and the morning announcements is your daily five-minute
0:10.4	breakdown of the headlines that isn't a megaphone for the loudest voices, but a magnifying
0:15.1	glass for the most important news.
0:20.2	The Wall Street Journal reported yesterday that the Trump administration has stopped financing
0:24.7	new weapon sales to Ukraine and is considering freezing existing weapon shipments from
0:29.3	U.S. stockpiles. This comes after the meeting, as tensions have not eased and it would
0:35.7	potentially shut down the main pipeline for arms
0:38.1	that Ukraine has access to. When asked about it yesterday, Trump said, quote, we'll see what happens.
0:44.1	A lot of things are happening. Hmm, specific yet broad.
0:51.2	Former commissioner of the Social Security administration Martin O'Malley told CNBC that the work of Doge could lead to a disruption and the potential collapse of the Social Security Administration within the next 30 to 90 days, recommending that people start saving money now.
1:07.4	Quite an alarming thing to say to a population prone to heart attacks. Over 7,000 Social Security
1:13.3	employees have reportedly been terminated, and cuts have already led to system outages. For
1:18.4	context, the agency has never missed a benefit payment since it was first established over eight
1:23.1	decades ago, and they administer monthly checks to over 70 million Americans. Sounds pretty
1:28.7	damn efficient to me. But you know who apparently need not worry about their financial security,
1:34.6	the crypto bros. Donald Trump announced on Truth Social that the government is going to
1:38.8	create a crypto strategic reserve. Personally, I would have called it a strategic crypto reserve, but why do I care?
1:46.9	And then it will begin buying various cryptocurrencies, including Bitcoin, Ethereum, XRP, Solano,
1:52.8	and Cardano, hashtag SponCon. His announcement actually came after Bitcoin had lost approximately
1:59.3	one-fifth of its value over the weekend.
2:01.6	But those prices temporarily skyrocketed again following the news of the quote-unquote
	...

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