we're trying to find things that hasn't had the big moves. unh one out of every five americans is using their product. great dividend and earnings growth and we like 25 story. monster is a interesting story. great distribution network and at all the coca-cola locations and those are areas we like that haven't had the big moves already and you're not having a stock double or more than that in this calendar year. liz: michael, good to see you and we appreciate your perspective, 286 points for the dow, that indeed is a nice move. welcome to december, monday. early sign and it's here to discuss what he witnessed firsthand -- larry: hello, folks. welcome to kudlow, i'm larry kudlow. red states trump blue states, ron desantis trumped gavin newsom, and host sean hannity did a super terrific heck of a

job. anyway, that's my quick take. meanwhile we've got fox news ace white house correspondent peter doocy. he's going to tell us all about it. peter, feel free to disagree for starters. reporter: well, larry, you know, we've been watching this slow moving start to the biden presidential reelection campaign, but the face of biden harris 2024 so far hasn't been biden or harris. really, it's been gavin newsom. >> i don't know how many times i can say, just making in stuff up about a shadow campaign. bottom line -- >> if the dnc convention they come and ask to run, what will you say? >> joe biden will be auronominee in a matter of weeks. he'll be endorsing donald trump as the nominee for the republican party. reporter: newsom's forecast is for the race to be between trump and biden, which would not leave any room for him or for ron desantis.

>> neither of us will be the nominee for our party in 2024. reporter: ouch, newsom made none of the moves a candidate must make to try and get on the ballot or try to dent the president's position in primary polls. why do so many democrats insist that he's got his eyes on the white house this cycle? maybe it's because the president himself says stuff like this -- >> he's been one hell of a governor, man. [ applause ]. >> as a matter of fact, he could have the job i'm looking for. reporter: and the emergence of gavin newsom as biden's top surrogate comes as poll after poll after poll shows roughly three quartiers of voters have major problems voting for somebody that's 81. and newsom is a lot of things that biden is not. he is younger, he is a fresh face, and people in this country don't really know a ton about

his record, at least not yet. larry. larry: that last line is great. he tried to hide it last night, i'll tell you that. peter doocy, thank you ever so much for the update. we appreciate it. folks, my quick riff on this whole story. i thought ron desantis cleaned gavin newsom's clock in the debate last night. that's my view, others may disagree, but really virtually all the facts with r on desantis' side. that is the red state facts. i thought he did a good job defending them. unfortunately gavin newsom chose a losing strategy. he denied that those facts existed. but those were government factoids, i mean kind of like newsom's hero joe biden who's incapable of telling the truth about the economy or virtually anything else. as a supply cider, i'm especially interested in the tax story. california has got the highest taxes in the country.

florida's one of the handful of red states with a zero income tax; all right. importantly talking about red states, they're all congregating towards low, flat tax rates and zero tax rates, and that's why their economies are outperforming blue states. ron desantis could have really just made it very simple and just said, well, your top rate of 13, that's higher than zero. your middle rate of 8-9, well that's higher than zero. and your fifth% rate is also higher than zero. i mean, that would have made it just that simple. anyway, florida's unemployment rate is lower, florida's immigration rate is higher, spends less, unemployment rate is lower, poverty rate is lower, homeless rate is lower, and gas prices are lower. but desantis got it all done. he got it out there and, you know, i thought gavin newsom

really tried to fib his way through it, and that wasn't very good. i've known governor newsom for many years, very personable guy, he's a smart guy, but he had a bad night last night. i thought he was too sarcastic, too snoody, too swarmy and not saying mr. desantis is mr. personality but the governor of florida was a whole lot letter than newsom was. my guess is desantis climbs up a come per sen tesla and meta points in the poles, probably against -- polls, probably against mostly nikki haley and republican rates not changing, it's all trump all the time. mr. newsom on the other hand had a poor night and didn't help himself either as a potential exit strategy from a joe biden collapse or looking ahead to 2028. it was not a good night. sean hannity, my hero, was the real hero of the night and had a good idea for debating red versus blue and seany was a terrific even handed host.

good for my pal, sean hannity. all right. speaking of terrific, speaking of terrific. joining me now is sandra smith, coanchor of america reports, and i got to say almost equally terrific. charlie hurt, washington times, opinion editor and fox news contributor. nobody can be as terrific as sandra smith. charlie, you're very close. i'm way down the ladder. sandra, since you're so terrific, you happen to be here onset. it's good to see you again. give me your quick take on this. you heard my riff and what peter doocy said, what do you say? >> i agree with sean hannity, they won the second they got on the stage having this debate and having this conversation with the country was really, really important. two of the highest profile governors in the country right now. really substantive debate, conversation that was on that stage. i agree with you, there was --

when you put the facts up, there's no comparison, okay. when you look at what florida is looking at as far as gas prices, remind people, california gas prices are almost $5 a gallon and down where where they've been and florida paying $3.16 a gallon. these are facts and the number of people that left the state of california from 2021-2022, 750,000 people. apparently what was it, the father-in-law of gavin newsom among them. larry: hang on. >> i mean. larry: i got that clip. i the we have that clip. sandra bring it up, she's better than i am. she brings up the best stuff right off the top. we have it right here. here's some sound -- here's a family issue. >> who knew? larry: it's gavin newsom, hang on for the sound last night. >> i was talking to a fella that made the move from california to florida and he was telling me that florida is much better governed, safer, better budget,

lower taxes and all this stuff. he was really happy with the quality of life and then he paused and said, oh, by the way, i'm gavin newsom's father-in-law. >> oh, and gavin newsom did not see -- i mean, i don't know but it didn't look like he saw that coming. larry: pretty good timing. >> i agree. i agree. larry: charlie hurt, if you're going to have a hammer head joke like that, you got to have exactly the right timing. it's something i learned on the greg gutfeld show these last several years and he's the best at it in the business, gutfeld. i'm just saying that was pretty well delivered, charlie. i think sandra is right, i don't think newsom saw that coming, did he? >> no. larry: charlie, what's your take on this? let's get you in the mix as fast as possible. >> so i agree with you. i think the debate was all the right questions but, you know, the problem for gavin newsom and saw it again and again and he kept going after personal attacks on ron desantis as

relates to the republican primary. the reason he kept doing that and he landed -- had some kind of nasty lines about that, but the reason he kept doing that is because his record is so indefenseable. he can't talk about these things and when sean hannity properly put up the, you know, stone cold facts from u.s. census bureau about the out and in migration for florida and california and all governor newsom do was lie about it. he made up a bunch of stuff having oh, no, good california sees all this influx of people. it was a complete lie. same thing as sandra just noted, same thing about tockses and he was talking about the tax rates in california are more beneficial to working class people. there's no tax that is more regressive than a gasoline tax or an income tax. nothing is more damaging to people who work than an income tax. his only collusion to those things was to lie about it and

obviously it's really difficult to debate somebody who's making things up and lying. but it's why we have elections because i think any voter, especially independent voter that watched the two sides debate would walk away saying, i like ron desantis'vision, and i believe him. gavin newsom is a con artist, and i don't like his vision. he is bad for america. larry: let's put up, i think we have tax full screen or else i'm just going to have to read the thing. all right, it's up there. actually, it could be readable. but i'm going to say, california's got 6% tax rate. basically for lower middle income people, okay. roughly $40,000 and you're paying 6%. in florida, you pay zero. california has got an 8% tax rate. if you're making about $60,000 a

year, that's close to the national median income. california's got zero. finally even 60 -- let's see. call it 150-$200,000. california's got a 9% tax rate, 9.3. >> translation per capita taxes paid almost twice in california. larry: right, florida zero. and the top rate for successful entrepreneurs; right, who move to miami and moving to palm beach and moving all over florida from new york and california, they're at 13, florida's at zero. how do you get around that? you can't be swarmy to get around it because, you know, who do you believe? i mean, it's right there. those are facts. >> that's probably my only thought though watching this last night was it's been observed by many, not just me. ron desantis could work a little bit on the personal skills. i think we all kind of feel

that. we want to connect with him. we want him to be the guy you want to sit down and have a coffee in the morning with, a beer at 5:00 with. larry: don't hold your breath. >> doesn't mean you can't be a great leader. can't let that affect -- larry: this is on a desantis adjusted basis. >> picture of the french laundry moment. looking back at deepest, darkest days of covid and the lockdowns happening in california and then that picture of newsom sitting there at french laundry at fancy dinner table. no mask, out with other people. that was a brutal moment but i will say this, maybe charlie agree withs this but perhaps the line of the night was one of the closing remarks and this was newsom. he said there's one thing in closing that we both have in common, neither of us will be the nominee of our party in 2024. the look on desantis' face. i mean, that was truth. larry: yes, it was truth but swarmy. had nothing to do with red states versus blue state.

>> shouldn't say it's truth but might not be. larry: hold on, charlie. ron desantis delivered great one liners and here's sound coming up. four freedoms i'm calling this. >> you know, california does have freedoms that some people don't -- that other states don't. freedom to defecate in public in california. you have the freedom to pitch a tent obon sunset bailiff boulevd create a homeless encampment under a bridge and light it on fire and freedom to have an open air drug market and use drugs and freedom to get taxpayer benefit ifs you're an illegal alien. larry: that was pretty good and had that ready and in his hip pocket and put it out there but that was pretty good. and newsom couldn't really deal with it. he didn't have a clever response. >> yeah. well, again, the reason gavin newsom kept attacking desantis on the republican primary is because he couldn't answer any of the policy questions he was

being asked about. you know, ron desantis is always prepared and i agree with sandra that the problem with him, he's a nerd. he's not a politician. he's a nerd and he's completely incapable of connecting with people, whether you like it or not, that's a really important thing in politics these days. but the whole time, what you -- you really had the sense that ron desantis is a guy, you want ron desantis on the issues fighting for your side. he has a marvelous record in florida and you know what i kept thinking, i kept thinking, my goodness, what a great vice president ron desantis would make. un-fornatalie that's not what he's running for right now. larry: no, but you never know because politicians say no, no, no right before they say yes. >> this is true. larry: all though, now that we're talking about that, which has nothing to do with today's show and nothing to do with the debate last night, now that you mention it, charlie, i want to throw mike pompeo's name into

the vice presidential mix because he's a brilliant guy and very loyal to donald trump and that amounts to something in that game. sandra, the bottom, bottom line and i want to come back to red versus blue. >> sure. larry: states that tax less, regulate less will grow more. i think that states that spend less will grow more. and will attract. >> what is the definition -- i pulled this up for you. the state budget, california. they're running a 31.5 billion deficit. ron desantis should have held up the $17.7 billion surplus. larry: yes, it's really -- like we had the thing in new york versus florida. florida has more people, okay, than new york, passed them years ago, and florida's budget is half the size of new york's. >> is works. larry: you see it again with

california. charlie hurt, political editor of the washington times. i did lose him? no, he's there. charlie hurt, any impact on the republican nomination in your opinion from last night's performance of desantis, which was better than the normal desantis performance? >> i do think it was better. largely because he was going after a lunatic democrat from a lunatic state and, you know, desantis always looks good when he's doing that. no, eisen agree with you -- no, i agree with you completely and not going to make any real difference and if it helps him in the polls, it'll help him against nikki haley that doesn't really help him at all. outlines of the race. >> helps the voters and moves the need and will everything and people saw really important conversations and really important debate on that stage last night.

larry: we owe sean hannity a debt of thanks. it was skeptical about this and i was. sean and i were sitting in his trailer when we were doing the debate in the reagan library. the debate in the reagan library and he said to me what do you think. i'm not crazy alaska the idea and it turned out 100 times better than sean. >> it was great. larry: now, sandra, my last question, you're very, very smart. >> thank you. i appreciate it. i learned most from you. larry: seasoned professional. why are you and i living in red state s? why are we living in not living in red state s? why are we living in red state? what's wrong with us? >> we need our jobs and our jobs are here. larry: they have electronics and zoom and stuff. >> charlie figured this out. larry: well, virginia is okay. >> except that, you know, the democrats have like stolen virginia but i live in the red

part of virginia with the normal part of virginia where we're still free. larry: nice try, charlie hurt. charlie hurt and sandra smith and catch sandra and jon roberts on america reports weekdays at 1:00 p.m. eastern on fox news every single day. coming up here on kudlow, we need more of reagan's peace and strength, all right. not biden's appeasement. however, we've got bill hemmer going to join us live from the reagan library and the reagan national defense forum going on in the reagan library out there in simi valley, california. plus, plus, plus, plus, hamas broke the ceasefire. that's one point. and why are the biden's trying to keep the idf from attacking southern gaza and annihilating hamas? the bidens are trying to twist the arms of the idf. this is pure insanity, and we will have aaron cohen talk about

it. all that when kudlow returns. ♪

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take charge of your health care today. consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. larry: go out to the reagan library in simi valley, california. one of my favorite places in the entire world where reagan defense forum is going on. bill hemmer, coanchor of america's news room standing by

for us. bill, peace through strength. what are you hearing out there? >> yeah, what's it mean; right, larry? think about that for a moment. earlier today we got the news that sandra day o'conner had passed, 1981, appointed to the u.s. supreme court by ronald reagan and first woman to sit on the bench. yet we reflected on the passing of henry kissenger and soviet union and china and the middle east. here we are, larry. i think peace through strength can be prepped and cut in half. interpreted and cut in half. most meme would agree, larry, they understand you have to build your military arsenal to compete and vanquish your adversaries. the second part of that is weren't you're willing to use it, and i listen to what a lot of our military analysts right now, and that's what i hear on the record and off the record: are we doing enough to be on offense? in order to win this array of

conflicts you see around the world, ukraine is condition of them. israel trying to take out hamas is another one. we've been reporting on the hits on behalf of these iranian proxies for a month and a half now. what are we doing in response for that? we can move further east in taiwan and et cetera and the theme stays constant and consist. if you want to build on reagan's legacy, if you believe that peace through strength is the way to be successful, and strong, are we doing that as a country? we're get to a lot of that question over the weekend here at the library. larry: you know, bill, we, the united states, is going to have to spend a lot more on defense. now hopefully it'll be spent widely. i know there's ways for abuse but basically they're going to have to raise from 3% gdp to 5 or 6% of gdp for all the reasons

you outlined. >> under this administration? larry: well, it probably won't happen under this administration. it probably will happen in the next administration, but i'm just saying to at quadly defend america and one -- the way reagan did it, bill hemmer, i was a young man working in the budget borough in those days, he grew the economy. economic growth creates resources and revenues and can be parceled hopefully wisely into a strong defense budget to beat our enemies just as reagan outspent and beat the soviet union. >> well, i tell you, larry, they've been doing this forum for ten years. first weekend of december every year. we've been a major part of it here at the fox news channel for the past seven years, what the reagan folks do is they do this surveyor. what they found to your exact point about spending, 77% of americans, that's 71% democrats,

71% independents, 87% of republicans agree with what you just said about spending more money on the u.s. military. larry: yep. >> and among the conflicts i just mentioned, that survey shows seven in ten americans support assisting israel, two-thirds support assisting ukraine and same number is true for taiwan. your point is very well taken and whether or not the folks in washington follow through on that remains to be seen. but, larry, i've been coming out here for seven years, and every year the central topic changes. sometimes dramatically. last year hypersonic weapons was the most important issue out here because we trailed the chinese and russians, we still do today. but 12 monarchies later, larry -- 12 months later, larry, it's ukraine, middle east, iran, china and taiwan. there's a plethora of topics to get to and we shall later on

tonight and tomorrow. larry: all right, general bill hemmer out there in the defense conference. >> nice to see you, larry. larry: good to see you, thanks, buddy. folks, catch bill and cohost dana perino on fox news every day. joining us now is aaron cohen, israeli special ops counter terrorism veteran. prince aaron, welcome to the show. i'm quite disturbed to read about all these stories antony blinken telling the israeli war cabinet they don't have the credit or the credibility to go into southern gaza and trying to basically twist arms, stay out, lengthen the truce period. i mean, i don't understand any of this stuff. all i want is the idf to carry through on its mission of annihilating hamas without any armchair generals like antony

blinken or for that matter joe biden. what say you, aaron cohen? you've been in there and know all about this stuff. >> well, when antony blinken was studying politics or whatever, i was studying trade craft. he's got a lot to learn. here's where i'm at with all this, larry. the reas resumption of the campn is one of the most critical pieces and we've talked about that. israel's translation of pressure cooker campaign they've rolled out for over a month in gaza, is the sole reason hamas was begging for the ceasefire and that ceasefire came about because he agreed to get the hostages back and he's the number one priority. the eight days that were used to get those hostages back caused a pause and it wasn't too long of a pause and enough of a pause for hamas to get the missiles

and rearm to keep the weaponry in different tunnels throughout israel. i believe that hamas also moved to the southern portion of israel handout unis and it'll be a big piece israel has to deal with next. israel is using that time to gather intelligence and intelligence is a friend to counter terrorism. the main issue and they're talking about at the hq and idf hq is the fact that qatar, which is the same country that houses the two fat cats of hamas is leading the negotiations and how can that be in good faith? that's why the number israel believes or i believe was only at about 30% of the release rate for the hostages. had another country been intermediary like saudi arabia and they started opening the door with israel and relations starting to have those talks, egypt's okay with israel too. the problem is qatar isn't the right person to be negotiating. that's one. two, enough with the ceasefire

and time to get back to work. i've been saying for the last couple days and moment israel is putting pressure, which they're doing right now, it'll change the game again because that's the only thing that hamas understands. while the hamas terrorists are not afraid to die, let me tell you what their slogan is, larry, [speaking non-english language] which means to the death. i can assure you those cat fats in kansas city chiefs far and couple terrific -- qatar and the couple israel liter resistances in the prison are afraid to die. if israel had a conversation about capital punishment it might scare the leaders in the prison and that's getting leverage back and that was the ending of the ceasefire. i don't think israel had that leverage. larry: aaron cohen, the best of the best. we appreciate you very much. folks, right back talking about inflation being dead, lower interest rates and potential recession next year with the great kevin hassett joining me on kudlow.is we'll behe right back.(o

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larry: all right, quick turn to capitol hill and the house voted to expel republican george santos of new york from congress. fox news senior congressional correspondent chad pergram is live from capitol hill with the details. that you can't, chad. appreciate it. >> larry, thank you. he's gone. former new york representative george santos became only the sixth member expelled from the house. he's also the first republican ever kicked out. santos made a b line for the exit after the vote. >> make way. make way. make way. >> it's over! [ indisc in indiscernible quest.

>> santos, any comment? >> the vote to expel 311-114 with two members voting present and well above the two-thirds bar required for expulsion and some republicans argue the vote established a new precedent to expel a member that had not been convicted. >> i think the precedent is that we're holding members of congress to a higher standard. i don't know any person throughout this nation who wouldn't want or expect members of congress to be held to a higher standard. we've never had a george santos before. >> democrats would have hammered the gop if the house failed to expel santos. house speaker mike johnson and majority leader steve scalise voted no, but ironically the house moved to expel santos could help senate republicans. >> bring articles for bob mendez in the senate. i wonder when elizabeth warren will drop them on the senate floor. tell me when she does that. >> senate democrats have not taken any action against bob me

mendez and faces charges of being a foreign agent and guess who voted to expel santos today new jersey representative rob menendez, the son of the senator. larry. larry: well put, chad. if kevin mccarthy decide to retire this christmas and a lot of rumors about that and this other chap bill johnson of ohio retires, he'll run a local college in ohio. the gop -- >> youngstown state. larry: thank you. gop will have a majority of one in the house. >> it'll be a bit more than that because brian higgins, a democrat from buffalo will also retire over the winter to run an arts organization in western new york but as i always say, larry, it's about the math. this is constantly a moving target. in fact just before santos was expelled, they swore in a new republican from utah, celes t

te molloy and only had a few days in the house before the expulsion of santos today. larry: chad pergram, thank you very much. another big story to report on. big day on wall street today and yesterday was another big day on wall street, and we have none other than gerri willis to give us a report. gerri, what are you cook something >> yeah, larry. markets pulling ahead and all three major averages finishing higher today and s&p up 26 and nasdaq rising 78 and all three major averages higher for the fifth week in a row for the dow on that streak is the longest streak in two years and of course it's much of the optimism due to expectations and the federal reserve done raising interest rates and the federal reserve chairman today saying all though it's premature to rule out further rate hikes, he believes a soft landing is possible. markets now fully pricing in a

rate pause this month and a rate coming as early as march. one interesting thing here, larry, crude and brent both finishing lower today. oil lower. larry. larry: yep. saudis notwithstanding and we'll talk about that in a moment. gerri willis, you're great. thank you for your help. joining us now is kevin hassett and council of economic advisers in the trump administration and author of the most important book of the century, the drift: stopping america's slide to socialism. it is interesting, kevin, whatever the fed does, whatever gibberish comes out of various fed heads, the markets pricing in lower interest rates and 10 year, which is the bell weather has gone from just over 5%, i don't know a month ago, maybe less, today it closed about 420. that's a huge, huge drop. and on top of that, the index of

leading indicators making a charge and up 19 straight months. that index -- it's fallen 19 straight months and that's a bad sign and manufacturing ism fell again today. i think that's the ninth or tenth. so inflation is soft, interest rates is coming down and oil coming down. is there a recession in the cards? that's going to be the next question. >> right. i think there probably is a recession coming in the next six months. leading indicators have never dropped so many times in a row without their being a recession. so if we don't have a recession, it'll be a data miracle and the other thing is the inflation dropping is consist with falling demand as you know and certainly not a big increase in supply under bidenomics and so if there's a big fall in demand, prices drop as well and my guess is that, yeah, we're looking at recession that's probably q4, q1 kind of thing. larry: i don't want to be the

grinch that stole christmas, but you look at another indicator, kevin, opec+ and it's the saudis and russians and they're going to take another million barrels a day out of production. that'll make it 5 million plus but oil prices have come down quite a lot from there. running up to 100 -- just a few months ago when the israeli war broke out and so forth. they're falling and brent crude, which is global crude fell under $80 a barrel and to me that looks like a lot of softness and demand all around the world, europe, usa, including china, kevin hassett. i mean, it just seems like there's a synchronous dropoff in economic activity. >> right, that's exactly right and one of the things i can say

about the saudis decision or opec's decision on oil is that they have a really big well financed sophisticated economic team and they know if the recession happens, the price of oil can drop down 40 to 30 even and they're worried about that and if they're cutting oil, it's because they see global demand softening and i think that it's something i expected to happen a little sooner and you were more optimistic than me and right about that this year and consumers are out of money. they don't have any covid savings leftover and they've borrowed to the max on their credit cards and the interest rate is about 25% and i think that going into next year and it's a serious, serious head wind and final thing to get in the case of the election year and people tend to take their risk off and take their cards off the table and wait and see if it's this guy or that guy that wins and capital spending dropping this year. forces meddling south and impossible to avoid a recession now. larry: i got a solution.

lower tax rates across the board. kevin hassett stop creeping socialism. great to see you. folks, let's move on and talk more about this opec+ cutting production and china raised prices. joining us now is north dakota senator john hoeven. senator, thank you for joining us. senator, what's interesting is the saudis have taken out in the last six months, eight months, five, five and a half million barrels per day. oil price haves gone down, not up and not that interesting and point number one let me get your thinking on it and you're from an oil-producing state. >> what's in mind with the conversation with kevin hassett and there's a softening of demand and i think the saudis like to have a bright crude price somewhere between 86 and 88 a barrel and that lines up with their domestic spending

agenda and so i think they're looking at same things you just got done talking about and number one we do this over the long term very sophisticated at doing it and they tend to be the swing supplier in opec+ and first it's about keeping that price higher and i think that's number one but i think there's other things going on here too and needs to be their relationship with ron and whether they're tabooing a strong enough position in the middle east. larry: that's the thing. stable or higher oil prices helps iran. why did the saudis want to help iran. iran hates the saudi arabia and the houthis in yemen are coming up and, you know, shall we say crowding saudi arabia. the saudis don't know that and saudis secretly want israel to crush hamas. why would they want to help and why wouldn't joe biden open the

spigots here at home and why aren't we doing 15 or 16 millio? that would take out all these countries, and we would have oil dominance again. >> you're exactly right. we're doing 13 million a day, we could be doing a lot more. not just an issue in the middle east, it's an issue with russia; right, in term os f that's where they're getting their revenue and prosecute the war against ukraine and energy is a huge part and the natural security and of the geopolitical balance in terms of what's going on in the world and both russia and iran are using it to their advantage. we're failing to do that number one we should be producing a lot more as you just said but the other thing, in their world, they bet on the strong horse and you have to ask yourself a question. >> is iran starting to hedge their bets -- excuse me. is saudi starting to hedge their bets via iran and they've seen where iran's proxies hit our forces in iraq and syria 74 or

more times and we've fired back four times and we need to take a tougher stance and saudi says okay, the u.s. is here, they're going to take care of business, and quit this kind of hedging their bets when iran. you saw that when they normalized relations back in march. china-brokered deal and now you've seen resent overtures from saudi to iran on cooperation. we have to be very mindful of what's going on here. larry: yes, sir. appeasement never works as you know, senator john hoeven. thank you, sir. we appreciate it. thank you for helping us o.. folks, taking a quick break and bjorn lomborg on the other side. stop spending on climate propses with money that's not going to help the situation.ul we'll bed right back with mr. lomborg. get a little slack on pump three! earn big with chase freedom unlimited. how do you cashback? chase.

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undies counted loss over the next century could be $1,800,000,000,000,000. the entire global gdp last year was -- eighteen hundred trillion dollars and that doesn't seem like a tradeoff for the globing global expenditures >> no, these are two new studies in climate change economics and period studies and this is the average of what they say and they tell us, look, dealing with climate change will have benefits and the costs will be much, much higher and we're spending $27 trillion each and every year for the rest of the century and that's a lot of money and you end up with that very, very high cost, every dollar spent will only avoid about 17-cents of climate damage. larry: nobody calculates that. there was a group 06 scientists

just a couple of months ago and couple of nobel prize winners and the point is there's no such thing at global warming and they're saying there's no such thing as a global warming emergency. that's what they're saying and i keep hearing from politicians there's an emergency and next month every time we have a bad rainstorm and go out and spend trillions more and isn't that the prop here? there's no good analysis? jot argument is if there wasn't catastrophe and of course we should spend all our money on climate but it's not. it's not actually what the data shows and if you look at for instance the amount of damage that we see over the last three decades from all weather-related disasters, percentage of gdp has been going down, not up. again, recognize --

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