YUGE Economic News Day | You'll Never Guess Who Came Out AGAINST Insider Trading | 7/31/25

The A.M. Update

Aaron McIntire

Politics, News, Daily News

4.9 • 773 Ratings

🗓️ 31 July 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump announced a major trade deal with South Korea, securing $350 billion in U.S.-directed investments, $100 billion in energy purchases, and a 15% tariff on Korean goods, while U.S. exports face zero tariffs. U.S. GDP grew 3% in Q2 2025, surpassing expectations, with inflation dropping to 2.1%, prompting optimism from the White House despite the Federal Reserve holding interest rates steady. Nancy Pelosi endorsed a congressional insider trading ban after Trump accused her of profiting from insider knowledge, while a new Stanford study revised COVID vaccine lives saved to 2.5 million globally, far below WHO’s 14.4 million estimate. U.S. fertility rates hit a record low of 1.6 children per woman, with a Georgian church-led initiative cited as a model for reversing declines, and Senator Josh Hawley’s $600 tariff rebate proposal sparked debate as a morally questionable gimmick.

Trump South Korea trade deal, U.S. GDP growth, inflation rate, Josh Hawley, tariff rebates, Nancy Pelosi, insider trading, COVID vaccine study, U.S. fertility rate, Georgian Orthodox Church, Cincinnati violence, Vinay Prasad, FDA

Transcript

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0:00.0	It's Thursday, July 31st, 2025. Big Trade and Economy Newsday. Nancy Pelosi comes out against insider
0:07.5	trading and the curious case of Dr. Veney Prasad. Next on the AM update.
0:18.0	President Trump made a big announcement yesterday, and this is a significant trade deal reaching one with South Korea.
0:24.4	He said at a post on Truth Social quote, I'm pleased to announce that the United States of America has agreed to a full and complete trade deal with the Republic of Korea.
0:32.1	The deal is that South Korea will give the United States $350 billion of investments owned and controlled by the United States and selected by myself as president.
0:41.7	Additionally, South Korea will purchase $100 billion of liquid natural gas or other energy products.
0:47.8	And further, South Korea has agreed to invest a large sum of money for their investment purposes.
0:54.0	So he's also said they've agreed to a tariff for South Korea of 15%.
0:58.9	So tariffs for South Korea and agreeing to actually invest upwards of a half trillion
1:04.9	into the United States.
1:07.3	Also got news yesterday.
1:09.3	The United States GDP grew by 3% year over year for the second
1:13.9	quarter of this year. That was a surprise. It was quite a bit bigger, about a half percent,
1:19.0	more than a half percent larger than what experts were predicting. Here's National Economic Council
1:24.4	Director Kevin Hazett, who says the White House is over the moon at the news.
1:28.1	It's really one of the best GDP announcements or releases that you could imagine because there's
1:34.9	blockbuster growth, way above expectation. And there's also a real, real almost collapse in
1:41.0	inflation. It went down by about a percent and a half all the way down to 2.1%, which
1:45.5	is the Fed's target. As it, to have high growth with low inflation and also high income growth,
1:51.1	personal income growth, was 3%. That's just like about a sweet spot for a GDP release.
1:56.0	And I will add that all of this happened while 127 billion in tariffs was raised, which is clearly not
2:04.4	harming the American consumer. And we've been downsizing government in order to be more
	...

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