lot of reason to run from the rally at this point. i feel we have rational exuberance around the appearance after fed pivot. obviously if the fed is right that will be great for the markets in the first half of the year. but if they have to backpeddle that will not be good. the other scenario, what if they see something broken under the surface now, that is happening, that unfolds end of q1 next year we could see markets pull back pretty dramatically. we're hoping for that goldilocks. we're hoping that everything is the way we want it to be but reality i'm not buying it yet. liz: all right. >> next year is more about diversification of trade management. [closing bell rings] >> this year was concentration and -- liz: our thanks to eddie gifford. much appreciated. points founder brian kelley. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.

so a new "fox business poll" shows a dramatic widening of the former president's lead in iowa. he has over 50% support for the first time. he is plus 34 points and the caucuses are only 25 days away. our own hilary vaughn is live from the white house with some of the details. hilary, good evening. thank you. >> reporter: good evening, larry, happy to be here. these new fox business polls give a great look how the 2024 race is shaking up. former president donald trump is gaining ground despite his legal cases piling up. that is not dragging him down in the polls. a new "fox business poll" shows trump with a 34% lead over the rest of his gop rivals with 52% supporting him. that's up from 46% in september. governor ron desantis with 1% support. former ambassador nikki haley with 16%. trump also has the most loyal supporters looking ahead to the iowa caucuses. 83% have their mind made up to

support trump. 16% of trump supporters say they might change their mind. compare that to desantis. 59% say he is 100% their guy but 39% of desantis fans say they could change their mind. haley supporters, 51% say for sure she's the one but 43% say they could be swayed. and when it comes to a breakdown of the issues, economy is still top of mind. 38% say it is the most important issue for them but that's down from 46% in september. immigration is a close second but it is the one that surged the most since september. now 27% say that's the number one voting issue for them. that's up from 15% just two months ago. immigration a big problem issue for president biden as he seeks re-election as so many people have come across the border claiming asylum they're now giving them court dates seven years from now. we tried today to ask what the president thinks about that? some illegal border-crossers are

being given court dates in 2031. what are they supposed to do here for seven years? >> again that is better question put to dhs i'm not in the position to talk about specific cases like that. >> someone lived here for seven years and presumably gotten a work permit and worked here, if their asylum claim is denied are they really going to be deported or is that just a problem for the next president? >> again i will not get into hypotheticals about specific cases. he does believe and he has worked to increase legal pathways to citizenship. obviously legal pathways you need to be held into account trying to come into the country illegally. >> reporter: larry seven years to deport is a problem for another president. immigration is a problem for president biden right now and not going away in the new year. larry. larry: hilary, you are the toughest, taking him down. that was something. i want to wish you a merry christmas. >> reporter: thank you, merry christmas. i won't see you next week.

thank you for all you do. now with 25 days to go before the iowa caucuses former president trump appears to be running away with the game. he is up to 5% in the latest "fox business poll." that is out last week. it is a big game over september and first time topping 50 in multicandidate rate. essentially has a 35 point lead over nearest competitors governor desantis and governor nikki haley. as i said a million times polls are not votes. they are snapshots of what voters are thinking. noteworthy that the "fox business polls" respondents were likely participants in the caucuses. the caucuses are only 25 days away. we're coming down to the short strokes. meanwhile inside of the polls as hilary suggested 83% of trump supporters were certain to support him whereas desantis and haley supporters just above 350 and 6 5% of voters would be very

satisfied if mr. trump wins where desantis and haley were under 50% on that metric. trump is running with strong majorities, voters show they want a strong leader with mental ability and stamina and somebody that can defeet biden. putting two and two together in this poll that spells trump. on issue of january 6 and related legal matters the polls basically show iowa voters don't care. 5% said nothing seriously wrong with trump. 21% worried about something wrong. 16% said maybe he did something illegal. almost 3/5. for nearly 3/5 of respondents the trump legal issues are northern -- nonissues. the liberal media may obsess about trump indictments. basically the rest of the country doesn't care. what iowans do care about is economic issues number one, very

substantial concern growing over immigration issues. i will repeat my mantra. donald trump's consistently large polling lead is mainly a result of his effectively communicating his positions on key issues, especially economic growth and border security. drill, baby, drill. tax cuts, deregulation, curbing inflation and shut down the southern border. former president all during the past year has talked issues and it is paying off. now, for mr. trump's many campaign speeches and videos and white papers, if he were to win look for him to reopen the fossil fuel spigots especially on public lands, roll back joe biden's socialist green new deal. especially roll back the electric vehicle mandates and all of the rest of the greenie war on various household appliances like showers, and toilets and gas stoves and air

conditioners and coal-fired pizza, dish dishwashers and ceiling fans and microwaves everything that joe biden is trying to jam down our throat. mr. trump will seek to repeal all the biden regulations that clogged the arteries of small businesses and raise prices for the middle class. you can expect mr. trump to go after the ultraliberal deep state federal bureaucracy including significant reforms to hiring and firing tenured civil servants. you look to mr. trump move quickly to make his 2017 tax cuts permanent. he might launch new pro-growth tax reforms. look for him to restore executive budget impoundment authority to slash joe biden he's overspending and overborrowing. the former president is also likely to move quickly to stop unfair trading practices. you can get he will aim to finish the border wall, restore some kind of a remain in mexico

and title 42, to stop biden's flow of illegal immigration and he is likely to expand on prior efforts for legal immigration reforms as well. look it, all year long he has talked about these issues. voters have paid attention, even while the lefty media has not. and as the campaign proceeds in the new year, they're going to be plenty of other issues and plenty of policy blueprints from the former president. as the fox business iowa poll shows, mr. trump has tremendous energy and has proven to be a strong leader and let me underscore that last point. whether on the economy, the border, trade, foreign policy, the nation yearns for a strong leader following joe biden's incredibly weak postures on everything. this is going to be a big general election theme. you know what?

i call it trump tough. that's my riff. trump tough. all right, we're going to talk about all this stuff. joining me now, we have jackie deangelis, co-host of "the big money show", garrett ventry, republican strategist, former senior advisor from the senate judiciary committee and my great pal mark simone, wor radio host. mark simone we can go through lots and lots of numbers and issues. i'm talking trump tough, trump tough after biden's weakness and almost every aspect of it, i think this will be a hidden campaign issue. >> they usually in every election go for the opposite. carter you went to reagan as far as personality. larry: there you go, right. >> trump is tough and there is, he has got a lead nobody at this point in the polls has ever lost the nomination. he has got the nomination and he is bulletproof thanks to the democrats. nothing could happen to him. could he suddenly get bad press?

could he suddenly get arrested? there is nothing they can do to him anymore. he is bulletproof. he has got the nomination. desantis gets wiped out in iowa. nikki haley will not win south carolina her own state that will be the end of her. he has got it, it is clear sailing. larry: garrett, let me go to you on this, this is an important theme, the other night kash patel, former national security advisor, you know how many houthis there are lobbing bombs at our ships and the ships of others clogging up the red sea, i mean the number of houthis? 2000, 2000. that is .1 of a decent trump rally and yet joe biden is afraid to take any steps or afraid to take any steps against iran or afraid to take any steps to close the southern border, you follow? that is why i'm emphasizing this trump tough idea. people want a strong, tough

leader to change the whole direction of the country, the mainstream media, liberals in the media will never cover this. they don't cover any issues the voters done. trump covers it this is total one point t wasn't test in this poll so much although strong leadership was a characteristic. what do you make of that? >> absolutely. people see the biden weakness on the world stage and america the border is wide open. you're talking about afghanistan top toppled by the and people miss the mean tweets. they had a closed border and the world was just a less dangerous place, right? so i think an interesting part here is president trump, he said this to me recently, his voters are just very loyal to him. a lot of them have been annoyed with ron desantis and other candidates taken shots at him, tried to run against him, they like his policy, they like the tax cuts, they like the energy

dominance, they like the conservative supreme court justices. that is the contrast in the primary where he is running away with, up 35 points. that is massive. 83% of voters are locked with trump. hard to overcome. larry: caucuses are tricky but polls are not votes. coming down to short strokes. these are likely caucus-goers, jackie. it is interesting too, i want to get your take on this the key issues, yes, the economy and border. >> yeah. larry: but actually the economy has gone down and border has gone up. you have over 10,000 biden illegals coming over the border every single day. you talked about this on your great show before. economic issues number one by immigration issues are almost tied. >> immigration issues are have now come to city or state with you. people are really feeling it. whether you're a local mayor like eric adams in new york city

on governor abbott dealing with it on larger scale. people are sick and tired of pressed more, squeezed more to pay for people that came into this country illegally. that directly ties into being an economic issue and biden has clearly lost control. i will add to that the third top issue you mentioned, it was economy, immigration and foreign policy. look how he handled foreign policy. president xi came from china to san fan basically telling him we will take taiwan. nobody is scared of this guy. all the other nations are profiting as we continue to shrivel and shrink in the united states. larry: shrivel, that is a great word. i think people want trump tough. i'm saying they want a strong leader. you're right, carter going into reagan. i think it is all over the place. nobody wants to look at it. trump has a way, okay, he is, he is not necessarily going to take you to war. in fact he is an anti-war guy.

trump is the guy that wants to get out of ukraine if you can. trump made the abraham accords deal in the middle east. trump would have never left afghanistan the way we left. he might have made a deal. he is a brilliant negotiator. he would do it from a position of strength, mark simone. that is what i'm trying to articulate. >> the only president of our lifetime never sent a troop into battle anywhere in the world. we had peace from kim jong-un to putin, knew how to keep them quiet. with israel, even non-jews anybody in america doesn't feel he is protecting, biden is protecting israel. they know trump would. trump would stand up for them. biden can't protect the border. we have a january 6 on the border, massive trespassing and unlaw fur entry. trump would protect the border f you can't run a border how will you protect the country from an attack. trump is the perfect guy for this occasion. larry: garrett, you think trump

would not do anything while houthis threw ballistic missiles at our ships, or, would you think trump would let iran get away what iran is doing because iran is the paymaster and strategist for all the terrorists? what do you think trump would do? take a gather. >> i don't think they would be doing this in the first place. larry: they would be scared to death. he took out soleimani. he would take them out. he has the mullah's cell phone numbers. that is what he would say. >> picture of your house. larry: do a google map, figure out where they live and tell them where they live. >> sir, why did you send a picture, you have to figure that one out. it is a funny line. preemptivelily they wouldn't do it. a lot of other countries would not want to test him because they knew he was a strong president. allies were more safe under president trump. no new wars were started. he voice rated isis off the face of the planet in a few months of his presidency.

china tariffs, standing you up to them. again i don't think this would be happening under president trump. larry: jackie, the other point, immigration, the border is such a catastrophe right now, trump talked to mexico's president it was originally nieto, i could be wrong, obrador came in. they didn't want remain in mexico. trump said fine, i will double all your tariffs and manufacturers. they depend on us. fine i will double your tariffs. you never sell another car in the nights. guess what? >> remain in mexico went into effect. larry: they put in 35, 50,000 troops, put up a lot of money to do it. i like the trade negotiating. we'll have bob lighthizer on later. even likes it more than i do. before we get to that point, that is the kind of toughness, negotiating needs to be done. joe biden can't solve any of these problems. nobody is afraid of him. nobody is afraid of biden.

>> absolutely. funny he walks around touting "bidenomics" right now, when they told him specifically not to say "bidenomics." i was joking on my show because he forgot or something. he doesn't even have the mental capacity to remember what his staff is telling him to do but your point on president trump is 100% on the money. we wouldn't be any of these situations whether iran, our neighbors to the south of us, whether china, whoever our enemies our he would take care of it in advance. larry: how you can't have a gasoline-powered car you think trump would stand for that. >> absolutely not. he will drill. larry: how much can't have coal-firedded pizza in new york city. you think trump would, this is little stuff but little stuff adds up to big stuff. biden has nickel-and-dimed the american consumer for three years and they're sick and to death of it, mark simone. >> he spent a lifetime buying

millions of toilets. used to say joe biden is the best politician money can buy. this lot of green energy stuff like infrastructure a chance to hand out contracts, money, overpay for everything and get little pour it. larry: last one to you, garrett, i don't know whether you like this or not, whether chuck grassley will like this or not, i will tell you there is a very strong chance if mr. trump wins he will seek to restore executive budget impoundment authority to cut spending because congress can't do it, won't do it. nixon was the last guy to have it and than we know what happened there with watergate and left-wing congress. trump wants to restore impoundment authority. so you won't have to wait five years, 10 years or never. you can right there take away all the biden subsidies for example, all the phony loans for example, huh? how about budget authority? budget impoundment. congress will love that?

>> obviously congress would not love that. larry: oh, garrett. he has to do it. be tough. that is what a tough president would do. >> it is interesting all the things we're talking about, reckless spending taxation led to this inflation that has crushed the american people. getting rid of the keystone pipeline, the attack on energy independence made gas prices go up and made us more reliant on the middle east which is a bad thing obviously going forward. that is something president trump could do to obviously -- larry: every place he goes starting with that cnn debate last winter, when he says drill, baby, drill, it is the biggest applause line you can imagine. >> it is. larry: that massachusetts to mean something. >> that will fix the problem with pricing. larry: mark simone, garrett ventry, jackie deangelis. thank you very much. don't forget jackie's show, every day, co-host brian brenberg, taylor riggs on on the big money sew 1:00 p.m. eastern. by the way fox business, not only is fox business winning every place.

we have our own poll. we have the best poll of all. i love that it is a "fox business poll." coming up here on "kudlow," is joe biden jeopardizing our national security by letting japan buy out u.s. steel? that's an interesting question. we'll ask my great friend, former u.s. trade representative during the trump years mr. bob lighthizer. i'm kudlow. we'll be right back. trump tough, that's the motto tonight. ♪. you know what's interesting these days? bitcoin. - [speaker] at first, just leaving the house was hard.

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♪. larry: welcome back, folks. here's the question before the house, is joe biden jeopardizing our national security by letting japan, nippon steel, buy out u.s. steel? joining me now is robert lighthizer former u.s. trade rep in the trump administration, my very dear friend. first of all, merry christmas and happy new year. i know your answer, i will just ask it, so should they stop the deal? now you have allies, bob, you have jd vance agrees with you and a couple of others. actually fetterman from pennsylvania agrees with you, but you would not do the deal you would recommend against the nippon taking over u.s. steel.

>> merry christmas, larry. i have to make a disclaimer, that i represented u.s. steel and most of the domestic steel industry. i haven't for seven years but i represented them. i'm a faithful, watcher devoted an of this program i watched yesterday you and art talk about this briefly. this is like watching two of my favorite people talk about how to feed a unicorn because you assume there is free trade in steel. let me assure you they're is no free trade in steel. let me spend a second on that. the big problem with steel globally and has been 50 years, massive excess capacity. there is way too much steel in the world. so let me give you a point of reference. when china joined the wto in 2000, 2001 they had a about 120 million tons of capacity. now they have about 1.1 billion

dons of capacity. they have more than excess capacity than all the capacity in the united states and europe combined. so there is no free trade. people create, steel industries because they want them for their own development. they have for years. so the question is, how do you kind of manage that? so the second thing i would say is, let's look at nippon steel. nippon steel are not a bun. of boy scouts. i love japan and i've been a big fan of theirs, and i think they are a great ally particularly in trade matters and china, but nippon steel has been adjudged to be engaged in unfair trade in the united states at least 30 years. commerce department, international trade commission, the courts all found them involved in unfar trade and let me ask you a question, do you think you could put together a bunch of money and go buy nippon steel in japan? there is not a chance in the world. you couldn't buy bao steel from china. countries don't let this happen. first is there a national

security issue? of course there's a national security issue. remember it wasn't just president trump who did this 232. ronald reagan had a steel program. you remember it well. and that program also saved the united states industries and saved tens of thousands of middle class jobs. they both determined it was important for national security. remember the first time we brought it up with -- larry: no, no i agree. no, no, that's right. look i love you. i sat around the table with you during the reagan years too but i just felt, look, here's what you taught me. we have to strongly protect our advanced technological crown jewels and we have to protect them from unfair trading practices is especially, but not only with china, i agree with that 100%, 100%. second point the issue of reciprocity, you and president trump, we got to have reciprocity. so if one side you know, if our,

the other side is going to come at us with unfair trading practices we have to do something about it. if we can settle it with lower tariffs, fine. if not we'll have to fight back. i'm okay with that i just never thought, i wasn't part of the administration when you did the steel tariffs. i opposed them pause i didn't think they were very useful. bob, they're not even around. i know there is an exclusion process but we've given up on that for years. these are our allies, japan is an allow, germany is an ally, canned today is an ally. i thought steel was the wrong place to start. what is interesting now, the bidens want to remove some of the china tariffs and put in new china tariffs on electric vehicles, evs and related. to me that's completely wrong approach. i wouldn't let china off the look on anything and that's where i think you and i are going to agree.

tell me if i'm wrong? >> no, you were completely right about that. you know, first of all it matters just on this last point, one last point it matters who owns american industry. it matters that we have these jobs. it matters that we have production. is high-tech important, absolutely. but is basic manufacturing important? for sure. you can't be a great country unless you have great manufacturing and the way i think about it also, you need these middle class jobs. these are people that make the communities that make our country great. reagan saved the industry at a time of real crisis. president trump did exactly the same thing. and with respect to china we should be increasing tariffs across the board on china. china is a bad actor. they're an existential threat to our country. larry: yes. >> we need be able to be a bigger, stronger, better economy than china. for sure we should be raising tariffs on them. i'm confident we will do that in a new administration.

larry: i think you're right. by the way, one thing, reading your book and your articles, trade policies have to have economic impact on the middle class and lower income classes. i agree with that i agree with that 100%. don't think, i don't want to get caught up with u.s. steel. i don't think they're a big factor but i think your bigger point is correct and also you know, unfair trading practices and reciprocity are huge issues, and i think if president trump has another term he is going to rightfully go after that. actually i hope you go after it with him, how about that? [laughter] >> well, that's something we'll see down the road but i'll tell you this, he's got his eye on the ball and the ball is china and that existential threat and jobs, jobs, jobs. larry: you're right. you're 100% right. i got to go. never enough time. merry christmas, happy new year,

bob lighthizer. if all we disagreed with a little puny u.s. steel deal, what the heck. that has got to be progress. i will talk soon. folks coming up congressman wesley hunt. he has been tearing up the campaign trail in iowa for donald trump. he will give us his curbside view what he is hearing and seeing. we have mr. wonderful, "shark tank" investor kevin o'leary, will tell us about the stock market reaching all new highs. wow, good day today, over 300 points. the kudlow trust is doing very well. unfair trading practices is a bad idea. that has to be stopped. i'm kudlow, everybody. merry christmas everybody. merry christmas. ♪.

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♪. larry: texas congressman wesley hunt, he is burning it up in iowa going for president trump. he will give us a bird's-eye view what he is seeing and what

he is hearing. where is he? , my favorite texas congressman. merry christmas to you. >> merry christmas to you. larry: you're appearing in mr. trump's white papers and missives to make america great. i wondered you were out there in iowa, you were or still may be what are you hearing, what are they saying? why is he doing so well? we just published a "fox business poll" today and he has a 52 percentage point commanding lead now? >> well so far this year i've been to iowa three times on behalf of president trump and what i'm hearing from the people on the ground is this, they want our country back. they want our border to be secure. they want our economy back and we cannot wait a single day once we have a new president in 2024 to get this done. we know that president trump can walk in on day one and make this happen. that's why he is doing so well. i tell you something too, being on the ground, being around the people, seeing how reinvigorated they are, excited they are for

president trump it is pretty amazing to see. to watch him travel all over the country on his plane making stop here, stop are, rally here, ufc fight, the energy he is bringing to this campaign and the focus that he has on the issues that matter to americans most are what got me off the sideline to go campaign for this man. my question for you is, is one thing, that is where are joe biden's surrogates? i don't see anyone like me out there campaigning on behalf of joe biden. in fact nobody is trying to run on his record. no one is defending him. it is amazing how they vanished. larry: it is a great question, wesley. i'm not sure i'm the best guy to ask that. they haven't contacted my, the bidens and i hope they don't but, okay, biggest issue, biggest issue, when you, you give your campaign set-up speech and so forth, you come off the podium, you go to your dunn dunkin' donuts, go to the hog,

farm fair, i've been to the iowa caucuses a few times, first thing you hear, what do you hear? >> border. these people are fed up with having our porous border. larry: yep. >> when you think seven million people entering the country illegally, enough fentanyl pouring into this country to kill every american six times people are fed up with the southern border. are we a count or not. me as a combat veteran who fought for this country i wonder what i fought for, if we're allowing terrorists, cartels to run our southern border to literally enter our country with impunity? nobody is doing anything about it for past four years. our border czar kamala harris has not been down to the border to see what is going on. she is checking on the root causes, the root causes start at pennsylvania warp the white house is. larry: people want changes now, i guess they want immediate changes, shut the thing down? >> literally shut it down. figure out what is going on.

then work from the bottom to start from scratch. everybody understands this is country founded on immigrants, i get it, but the way we're handling this right now is flat-out un-american. this is not what the country was founded upon. we want people here but want people here legally. i'm seeing things like ieds pouring into the border. people on terrorist watch lists into our country. we have no idea, who they are, where they are. this should be terrifying to the american public. this is what people want to stop. that is my number one issue on the campaign trail here in iowa. larry: yes, sir, i agree with you. texas congressman wesley hunt on the campaign trail in iowa. by the way totally consistent with the poll. merry christmas, happy new year. >> merry christmas, happy new year, thank you for having me on. larry: let's switch gears turn to the fox market which was very big today. fox business's gerri willis has a lot more. gerri, you keep delivering a great rally.

>> reporter: you bring me in when stocks are rallying. they ever back after broad selloff yesterday with all three major averages ending in the green. s&p 500 and nasdaq both closing up 1%. so food performance there. stocks advance on hopes of pivot by the federal reserve, a soft landing for the economy. treasurys mixed at the end of the day. third quarter gdp revised down from 5.2%. that is strong result nonetheless higher than the third quarter 1.2% final. good news for the investors. s&p advance was brought with the 450 indexes 500 names higher. you like to see that. good news for homebuyers, mortgage rates continue to fall. freddie mac reporting rates for 30-year fixed rate mortgage, 6.7%. larry. larry: gerry, thank you very much. merry christmas. see you soon for more, let's

bring in kevin o'leary, chairman of "shark tank" ventures and, go to kevin from gerri willis. you know, kevin, here's a little hidden kernel, one reason i think stocks have done well, profits i call the mother's milk of stocks, companies have to be profitable in order to expand. if they don't have profits they have to contract. profits surprised on the upside along with interest rates, maybe surprising on the downside. what do you make of that combination, might it last? >> i agree with you, larry but it's better than that it is not just the s&p 500 which you just focused on. you know this was driven by the "magnificent seven" tech stocks but now it has broadened out right through the s&p 500. you saw a broad advance today but it's even better than that. the russell 2000, american small cap companies that represent 60%

of job creation in america have really been performing and i think that's kind of an index of where we think policy is going to be in 14 month because if you thought you were going to get less regulation and interest rates are going to hold here at 5 1/2% terminal rate, car loans at 7.5, mortgages just over six, we'll have a soft landing and what does that affect most? it is small cap companies. so it's not, people say, talk about the dow, s&p 500, if you own the russell 2000 the last six weeks you're killing it. so it is the american economy, starting to breathe. i'm very, very bullish and i'm not politics, baby. i'm policy. and so at least money thinks 50%, we're going to get better regulatory environment. that is what matters. larry: it does matter so, why should the fed if you have a good stock market and there is

no recession, at least not yet, i think there will be a big slowdown next year but put that aside, why should the fed be out there telling people they're going to be slashing their policy target rates? it's not necessary. if the stock market's booming why should the fed go ahead and do it, unless this is a election year juicing of the economy as my friend kevin hassett said. what do you think ahead of that, kevin? >> it could be. i don't see the fed making a move in q1. the market is very optimistic. it doesn't have to. 5 1/2% terminal rate the economy already adjusted. even better news, larry, disclosed today, january 18th, hearings on small business in america. i have always said this, where six out of 10 jobs are created, finally secretary of commerce gina raimondo, i'm going to the hill, i will be banging the gong, you know i'm your faithful reporter on the hill. i go every month. i will meet with her on the

18th and my staff with my analysts show me the money on the chips and science act. show me the money on inflation reduction act. two trillion dollars going into the american economy. i think some will get to small business. i will get it there. i'm excited larry. we have the juice of printing money. we have the fed slowing down. we got the soft landing. broadening of the s&p 500 and the s&p 500 and obviously the russell 2000. this is a fantastic holiday season. rudolph the reindeer has arrived. it is all equity stocks. i'm so happy. larry: i'm all for it. tell her to cut taxes and regulations. that will help small businesses too. lower taxes, lower regulation. >> imagine, larry, this is bipartisan. she's a democrat. i'm totally both sides of the aisle on small business. who hates an entrepreneur? who hates the economy? none of these guys. larry: kevin o'leary, we love mr. wonderful. keep it up. i love bullishness. moving right along, coming up

will somebody please tell me why the president of harvard university no less who now has over 40 plagiarism charges against her is still the president of harvard? oh, my god, really? then maybe a word on those colorado supremes. we'll talk to professor alan dershowitz next up. please, i'm kudlow. stray -- straight ahead. teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth and calms the nerve down. and my patients say you know doc, it really works. ♪ students... students of any age, from anywhere.

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larry: with more than 40 allegations of plagiarism i don't understand how harvard president claudine gay can still be harvard president. that is just me. alan dershowitz, author of war against the jews, how to end hamas barbarism. help me out, professor dershowitz. the charges of plagiarism are mounting. she is already there. i think ordinary student and president would not be there now. >> you're right. i had a case of senior applying to medical school. he was disex-i can, so the school provided him with a secretary under the americans with disabilities. he submitted a paper which had handwritten footnotes but the secretary forgot to put the footnotes in. he was disciplined. and when we argued that well, it

was an accident. it wasn't reckless, it was just a mistake, the university administration said there is no such thing as an honest mistake when it comes to plagiarism. it is absolute liability. the student has the obligation too make sure all the citations are correct. if you apply that standard applied to this student who almost didn't get into medical school as a result of this, when you apply that to president gay it is not even a close question. what they say maybe she wasn't reckless, how do you not cite full paragraphs that you quoted without putting quotation marks? i just don't get it. larry: what message, professor dershowitz, you spent your career there, and what message does harvard think i sending because this story is not a small story. this is becoming a big, national story. >> yeah. larry: i don't know what message they think they're sending. >> i know what message they're sending. there are two categories of people at harvard.

those that come under the protection of diversity, equity and inclusion, dei, and the rest of the students, jewish kids, asian kids, kids who don't come from protected minorities or backgrounds and the school simply apply as double standard. if you're a dei protected person you don't get fired. if you're not a dei protected person, you do anything that amounts to even minimal plagiarism you're in trouble. larry: what i don't understand, this is part two, sir, why doesn't she step down? because this game will not be worth the candle. her presidency is not going to be worth anything if these things keep popping up and they don't have an adequate defense? >> i think there will be more coming up. the problem is that the harvard corporation appointed her and they don't want to be embarrassed. they don't want to be accused of

having made a mistake and therefore it was a good article in "the wall street journal" today, saying why harvard will not fire gay and it is partly the dei and it is partly the fact that this board, which is a dei board, it's a board which consists of people who support the diversity, equity inclusion, which is against diversity, against equality, and against inclusion of jews and asians and other disfavored minorities this is a symptom of a much deeper and more serious problem. larry: yes. >> but i think there is a good chance if more material comes out in the end she will have to step down. larry: yes, i suspect you're right. professor alan dershowitz, happy new year sir, thank you for helping the show. you're most grateful to you. >> always happy. larry: good, i will be right back with the last word, a holiday word as always.

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go online right now with your monthly gift. and when you do, your gift will have two times the impact. -hey there. -hey. -hi. hey there. how are you? i'm with disabled american veterans. i was wondering if you had a quick minute to thank america's veterans for their service and sacrifices -of course, why not? -oh, sure. -absolutely. -sure. all right. well, come on in here. i'm just going to hit record on this. i would like to thank you from the bottom of my heart. i can't even think of the words to say of how grateful i am. i want to tell you guys how much, how much we appreciate. but most importantly, i want to thank you for your courage and bravery. wow. thank you. someone here who'd like to say something to you? oh god, you guys are awesome! someone has something they want to say to you.

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that you support those who serve please call or go online to helpdav.org right now. your support says thank you to our nation's disabled american veterans you know what's interesting these days? bitcoin. look for bitwise, my friends. larry: so happy holy, merry christmas, happy new year to everybody. and this is the greatest country in the history of history. i'm kudlow, is and we will go right to the my pal, liz macdonald. elizabeth: yes, we love america. merry new year and happy christmas to you. [laughter] it's good to see you. okay, breaking news, stay right there, don't move. coming in to the show right now, former deputy assistant attorney general is tom due can prix.