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tv   Kudlow  FOX Business  January 11, 2024 7:00pm-8:01pm EST

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larry: hello, folks. welcome to kudlow, i'm l arry kudlow. my view, donald trump won big last night. at the top of his game. on message, presidential and bret baier and anchor special report, bret will be here to talk about it. meanwhile hunter biden will be held in contempt of congress and no deal on the southern border catastrophe and senator ron johnson weighing in on that. later alex marleau and monica crowley talking politics. and kevin hassett will tell us why the fed should not be juicing the economy, but first fox news white house correspondent peter doocy. reporter: well, larry, the democrats who work here at biden white house are under the same impression that democrats who work for chuck schumer capitol hill, there
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say spending bill with republican house speaker mike johnson, but as conservatives start to threaten to bail on johnson, that would tank that deal in the house, officials here are growing leary about the possibility of a government shut down. >> republicans need to keep their word and stop playing or any games here we cannot have a shut down, american people do not disefe deserve a shut down. >> probe president biden and speaker johnson had a found call yesterday, but president biden has not been seen doing anything since monday night, we asked karine jean-pierre. >> who decided that the american people are best served by seeing less of the president. >> i would disagree, i would say they saw less, he was out there again, a couple states in three days, i think that special to note
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as well. reporter: president biden is scheduled to hit road tomorrow, to pennsylvania to talk about bidenomics, larry. larry: i love that bidenomics, peter, a quick question on the budget thing. it there a new republican proposal? or is there just you know some criticism coming from our friends on the conservative side? reporter: it criticism, so far, they are coming up with a number behind the scenes with mike johnson that would cut more out of the johnson-schumer deal. top line number, but they have not told us yet what the new number would be. and schumer is moving forward like the d deal he has with johnson is the thing, they will file on this tomorrow and get the ball rolling they have until the 19th to do this.
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larry: all right got it peter doocy thank you ever so much. >> all right, donald trump had a big night last night at fox town hall, he looked and sound presidential. stayed on message with key policies, on nikki haley and ron desantis spend two hours frying each other's brains out with no purpose. very few people watched this debate. those that did probably walked away in a foul mood. my guess is, just my guess, mr. trump gained a lot of votes in both iowa in new hampshire. while those two lost a lot in iowa and new hampshire. what i thought was turning point in trump d -- town hall last night and maybe his campaign, was this moment. >> i'm not going to have time for retribution, we'll make the country so successful again, i am not going to have time for
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retribution, remember this, our ultimate retribution is success. larry: wow, our ultimate retribution the be our success, if he stays with that line, a great line, turns the tables on all phony joe biden arguments about democracy and insurrection and d de dictatorship. president trump said that his successful performance is our calling card and over and over in town hall he stayed with that theme and avoid grievances and negativity, his first actions on day one open fossil fuel spigot to produce more liquid gold to concur inflation at home and defund our enemies like russia and iran overseas and then, he will close the border. restore his policies of remain in mexico or tit
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tititle sph 42, he argued high will cut taxes and wipe out biden's regulatory assault on small business and restore prosperity and national security, he did to once, he would like another chance do it a second time, it was a positive optimistic message, throughout the one hour town hall. he teased everyone by saying, well, yeah you already know who his vice president will be, he is not talking just yet about specifics, yes, he said he is willing to mend fences and say maybe tongue in cheek already willing to praise chris christie for mercifully dropping out of rice, and what about chaos, trump reminded the crowd, that the biden that are creating chaos, at border,
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chaos with their appease am and declining foreign policy, and chaos with israel, in the middle east where there was peace during the trump years, mr. trump says time again, no new wars were started under his first term, chaos in afghanistan, chaos in schools at home, chaos in lawless streets and chaos with t two-tiered justice system. retribution, mr. trump never went after hillary clinton. he could have in his first term. or comey or peter strzok or lisa page or adam schiff or any of the crazy, phony, lying russian hoax people, he did not go after any of them, some folks might want
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to remember that and how different trump was from joe biden's performance. i dare say, anyone watching mr. trump's town hall last night, could just step back from details and specifics, what you saw was a president. a leader. a man of experience. who knows how to handle tough issues and handle crowds, interviewers, foreign leaders, economic problems, he is a strong leader. trump tough. he has done this before. he will be better the next time. that is my riff, joining me now talk about and more welcome back to the show wisconsin senator ron johnson, happy new year. you are good on radio this week, we appreciated it, here you are on tv, did you watch the trump town hall, sir. what did you think? >> well, i was not able to, i wish i could have based on
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your analysis, the chaos that is coming from democrats side of the aisle, from radical leftist, the biden administration is. and are. the chaos on border, just across the board, you laid out the case. so i wish i would have seen president trump, i appreciate his measured responses, i agree retribution will be in success in tamping down the caso and -- chaos and returning prosperity and hopefully unity. president biden has done the opposite. the radical left is dividing the nation, identity politics and critical race theory. this open border, by the way you will not put that genie back in the bottle, you is 6 million people here. the 40 year high inflation, dollars, 85 cents now.
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that damage has been done. we need to prepare that damage with -- repair it with a new administration. larry: senator johnson, you had yesterday the republican senate conference met to talk about the illegal immigration situation and the negotiations or lack there of, with your democratic counterparts and the biden white house, if there is,. i know senator lankford gave a report, till us where conference is and where senator ron johnson wants it to be. >> i am glad we are able to slow protest down, schumer. ed to rush it through. i think james lankford is doing a good of a job as he can, he is knowledgeable, it is complex, but the main problem, fatal play could perhaps he is negotiating with a conference with a
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president who want an open border, who cause the problem. they are the root cause. and my guess is that democrats want these talks to fail. so to just blame someone, they don't want to close the border, they want political cover, it say big challenge for james langford, but he making progress, and there is real positive parts to what he is trying to negotyaisht the problem is, this is a problem with hr2, a lot of stuff would work if we were back at trump level. what trump left for biden was a more normal encounter rate at the border, that was 30 thousand a month, right now we are encountering 300 thousand a month, there is no legislation that fix, that you have to do something extraordinary. that is the hard question that jame has to answer, you say if you hit a certain level you shut the border, how do you that? how do you have the pe
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personnel, give us specifics. there is a lot of detail. i would like to be able to have a real positive result. put in strong border security measures. a president trump would use lead them. it is complex. i have to give james long ford credit he is making progress, and acid test is where democrat would stop abusing parole authority. >> that is o one of the key things. that is why i wanted to go. reports coming out of your meeting, on the parole issue. capping it. you have talked about numerical targets, we should have them across the board. but, with respect to the paroles, which is a huge biden loophole for open borders, can the g.o.p. get
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numerical targeted caps on these paroles to stop people from just coming in to the states, and you know staying forever? >> pretty much unified position, red line that democrats are not willing to stop abusing parole system. they are not serious, and you know we're not able to agree to things, parole is to be on a case by case basis for humanitarian reinces, maybe you have cancer and you want to cam in for freedom, then go home or funeral, only meant for a case by case temporary stay here, not meant for massive classes of individuals, which is how the biden administration is using it. larry: a step further, as you know, a lot of talk about impeaching secretary mayorkas. at least if not a formal impeachment investigating what has gone wrong and
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allowed laws to expire. what is your take on that? impeachment issue. will that spread to the senate? >> well, i am all for impeachment inquiries and hearings, it will expose it and show the american public what is happening could mainstream media has not covered this, that is why this is out of control, if you had an honest media, it would not have gotten so far out of hand, only reason that democrats are negotiating, first they want ukraine funding they realize there is political peril in the open border, they are looking for political cover, they would have looked sooner we could have to more control had mainstream media been honest in reports on it. larry: one thing in middle of whole debate, about mayorkas' poor performance, about the catastrophe at the border and 300 thousand in december . and so fourth. in new york city, as you may have read, a couple thousand
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schoolkids, young schoolkids, basically from lower income families, but they were going to school. they had to leave the classrooms, and be replaced by illegal immigrants, then they would have go on-line for class, nobody wants, that including mayor eric adams, that is the kind of thing that puts a human face on this tragedy. i would say we need more discussions of that to drive real policy reforms through in the next few weeks. >> only reason that mainstream media is covering this, they can't hide it any more, mayor adams saying 100 thousand will destroy new york city, schoolchildren are displaced. the press cannot hide that. they cannot cover-up for biden, that is creating a political pressure that might give us an opportunity, at least to pass laws that a good f president, could use, but hopeful we could force this
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president to do a better job than now. larry: you, happy new year. >> s same to. >> on c kudlow. we saw a presidential performance from donald trump. we'll ask one of moderators our great friend bret baier, see what he thought about the whole story when kudlow returns. by the way you can catch kudlow, monday through friday, 4 p.m. every day right here fox business. if you can't be there, you can text your favorite 9-year-old, she will show you how to dvr the show. you will never miss a single thing. i am kudlow. we'll be right back. is thing, ie get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq,
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larry: if you ask me hunter biden acted like a spoiled brat in yesterday's contempt of congress hearing, today he in california appl applied -- pleading not guilty to federal tax charges kelly o o'grady. reporter: he has pled not guilty to all 9 charges, a
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wocouple other things, he will be replaced on bail, with someone conditions as released in delaware charges. he must have employment and be drug tested. and he has to communicate all travel. if he is found to have violated any of those conditions his bail can be revoked today his son -- president's son arrived in court, about an hour before his appearance. in contrast to yesterday's chaos, he was driven in underground, 9 tax ev evation, 3 are felonies. he spent millions on a lavish life style, that line from indictment, it said he spent on quote everything but his taxes. the spending detailed in indictment was shocking.
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allegedly close to 900 thousand on various women and adult entertainment. so what else can we expect, we'll get a potential trial schedule, the thing to watch is color regarding judge's reaction, he is a judge providing -- presiding over this case, trump appointed. he is taking a harder line toward tax evation and fraud charms, he sentenced an individual that failed to pay 1.6 million in taxes to two years behind bars. yesterday, hunter biden crashed his own contempt hearing two commits voted to hold him in contempt, they scheduled a markup for tuesday, that is setting up a full house floor vote to hold him in contempt as wednesday. larry to wrap, he has pled not guilty, we're all
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waiting to see if he will come out and spe speak to us. larry: kelly o'grady thank you, sounds like you have company out there be safe. >> let's talk more about trump's town hall last night, joining me one of yesterday's moderator the great bret baier. anchor of special report. bret baier, you did a great job last night, i enjoyed watching the whole thing, i thought you were great and martha was great, and i thought trump had a good night. bret, i thought, you asked this question, if i'm not mistaken. retribution, he said i will not have time for retribution, our ultimate retribution is success. that is a great line, could be a turning point that happened from time to time in these political
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campaigns. what do you think about all this? bret: he was on his game. we pressed him on a couple thens he said, and he said it differently. on the campaign e-mails, it is about retribution, but he talked about as you talked about as success. he also went further down the road of change he will be a dictator and that means, he was very specific. he was the on his game. and i think he you know, liked the format of interacting with people asking questions, there were a couple of desantis a couple of undecided there were a lot of trump fans in that crowd, there are a lot of trump fans in iowa, polls ststill strong, it looks good for the form are president. larry: bret, you know politics more than i am you
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cover this stuff. i just want to say, it just occurs to me that trump was good last night, meanwhile, haley and desantis were basically frying each other's brains out, the reports coming out after the debate were not good. i want to speculate. you know, polls are not votes. but i think that trump gave himself a leg up in iowa, yes, but also my hum hunch also in new hampshire, i will take counter wisdom on that. bret. t. both, he had a good night, we had 3 in a row, nikki haley and governor desantis, and former president trump, it is a format that lets candidates talk more, engage voters, and voters in those two places are smart. they have a lot of interesting questions, that deal with the top issues that americans care about.
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that format worked for all of them. do i think that the former president should be on a debate stage. i do, i like that interact. but this was the way he agreed to do this. is to do it opposite the other debate. and for him, that worked out. larry: bret, what else sticks out? i do know mean to front run, you i like the retribution success line. you may have other lines, give -- tell us where you thought key moments. bret: first, that really was a sound bite line, inch everyone was talking about retribution, you could put that in an ad. it was well done, the abortion answer was nuanced and very well done as far as dealing with that woman's question, she was between governor desantis and president trump. and how he answered it, in
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kind of hearing her concerns about pro life worries, whether he is pro life enough, i think is going to benefit him in some place look ham h new hampshire. >> i agree. a very nuanced sophisticated answer. and it had a heartfelt quality to it i think he related to that woman pretty well. bret, i don't want to leave my friend martha maccallum out. long, long time ago. >> she is great. >> we used to co-host with each other other network, i will never mention. playing sound from a question that martha asked donald trump. about 7 running mates. >> -- certain running mates. >> a follow up on that about who would be in your c cabinet, if you are the nominee, i know you are expecting to be, who would be in running for vice
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president. >> i can't tell i that, really, i know, who it will be. >> give us a hint. >> we'll do another show some time. larry: live that give us a hint. so br bret, were you surprised he stuck it in there. >> i was. i thought we -- i am sitting, my mind is who is it? how does h he already know. he has to win the nomination, he is in poll position to do that, it is interesting there was speculations on-line who could it be, if he has chosen it in his mind. i think there is -- you know a good better pool someplace -- betting pool someplace. larry: who -- you know, i was so busy preparing for this show, and this interview with the great brbret baier who wound the speculation? >> -- who won.
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>> a lot of kristi noems, there was a few tulsi gabbard, and there was a joni ernst in there from iowa. but, i think we'll see. it is interesting when he throws it out he already knows. larry: yeah. well, no one will know if are he already knows that is the beauty of it all. thimpleg clever oracl, bret baier, you can catch bret baier special reporter night weekday 6 p.m. eastern fox news, thank you, bret. >> coming up kudlow, don donald trump had a great night, haley and desantis not, and fani willis, twisting in hot lanta and hunter biden is a spilled brat, we talk politics with aalex marlow and monica
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larry: all right, closing arguments held today in phony new york civil fraud case against president trump. or own lydia hu outside of new york state supreme court with details. what you got? reporter: we got word that attorney general office is still delivering closing remarks before judge engoron expected to conclude before 5:00 p.m. eastern today. the defense for former president trump provided their closing arguments earlier, we started this day, we had no expectation that the former president would be able to speak directly to the court during the closing arguments because the trump legal team would not agree to certain limiting conditions. as provided by judge engoron. but there was a twist late in the morning, when the
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former president was able to speak, for a few minutes, he was able to tell the judge this that the trial is quote, a political witch-hunt. and that they quote, never had a problem until i ran for office. as you know james, letitia james, attorney general is accusing trump his company and top executives of misleading banks and insurers to obtain favorable terms on loans. james saying earlier in today this in part: >> there is no jury in this trial, judge engoron is deciding all 7 claims and already decided to trump is liable for fraud, now james wants trump and his businesses to pay 3 70 million dollars in fines and wants to court to cancel
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trump's licenses for business in the state. the former f president donald trump addressed reporters. >> we have proven this case so conclusively and asked for direct of verdict many times, they have don't have any facts or any evidence against us. millions of pages, years of litigation, and all politically motivated. reporter: this trial is one of half a dozen legal matter that president trump is facing, that means he is splitting his time between courtrooms and the campaign trail, today, he said he plans to appear in new york in court on a defamation claim bought by carol that comes amid iowa caucuses and new hampshire primary. larry: all right lydia hu thank you very much. >> we appreciate it. >> all right. talk about this case for a moment.
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and twists in atlanta. we are alex marlow and monica crowley. monica you have lived in this city for quite some time. at least on and off. this letitia james, 3 s 70 million dollar fine and take away all of trump businesses there were no proof, no victims, the bankers loved him, that is a victimless crime, run politically, i bet that white house trekking traffic. -- directing traffic, what does there is a to any business thinking about coming to new york start with that. >> the answer is, don't think about bringing business to new york. or starting a business or conducting your existing, you might want to go to florida or texas or another
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state that is more, friendly, the bigger point, they don't care about, that they do not care, they are on an anti-trump jihad the new york case like any other anti-trump case whether georgia or jack smith, they are bogus, does not matter to them there are no cases, they made all this up. to wage wholesale law fair against donald trump because he poses an existential threat to corrupt globalist ruling class, to the left and democrats in united states, he must be destroyed. for the last 8 years since he came down that escalate or at trump tower in new york city, they have been trying to eliminate him from the political scene and nothing has worked, this is not working either. larry: the latest one is the trump hotel, now not the trump hotel any more. but they are yelling at him,
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chinese bought a room there. or the malaysians boughtoy a room and he benefited this was a a legitimate. alex, democratic members of oversight committee they cooked up and fed it to front pain of " page of the "wall street journal," a reputable financial newspaper wrote this what was joe biden's repr rip outable. don had a reputable business. what of joe biden's,? >> joe biden's business is joe biden. and being in the united states government for last 50 years, this is how his family members who have no talent or qualification to
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speak of. they build homes in iraq and doe energy dials in ukraine and private equity if china, this stuff, dud not bother any of these people in washington, and in new york he is one of them, he is in charge who makes their o griffs possible. larry: i want to talk about fani willis tris twist. mark simone said last night that fani willis, had to pay her boyfriend 700 thousand to go out with her. that might be a little cruel, but it may the not be, the part of this guy's earnings, i know this is none of on the level, he was the consulting with the biden white house. and you and i and others have suggested all along or we have suspected that it
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was the biden white house that was directing this legal assault against donald trump. nationwide. whether it is the ballot in connecticut or maine or whether it is letitia james in new york orp fani willis or washington d.c., this guy in deposition he met with white house lawyers, on more than one occasion, what does that tell you about this story? >> we knew it was political from the jump, just designed to take up our time so we're not talking about the issues that face our nation. there is a member of heritage fo foundation over tight project respected that fani willis spin 5 hours with kamala harris before indicting trump, this stuff is barely fogged in the mirror, you have to listen to alternative or center right media to get this. these are type of people who are trying to keep trump off ballot. and get alleged in a
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democratic fashion. and they complain that timodepp crea democracy such attack. larry: i am looking at fani willis thing, this blows open all of the phony denials of the biden white house. this is excruciatingly consistent, hard-nosed election interference. and what alex just said, i didn't know, that fani willis sat with kamala harris for how many hours, i did not know. that is there any doubt that this legal war against trump and his allies has been orchestrated from the white house. >> it is clear, now we have receipts and actual evidence of the meetings, letitia james, kamala harris. jack smith. merrick garland, lisa monaco at doj they are in couchoire
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coordination this case with georgia, nat just fani willis, her boyfriend, never tried a felony case before. unqualified. to take on one of the most historic cases in history of this country. pays him 700 thousand, and guess what, he also went to the biden white house, and met with the crew in the white house and then had the nerve to bill the hours, larry, he actually billed the hours to go and coordinate illegally with the biden white house, the corruption, runs so don't, and but the good news, i think most of the important people see this for what it is, and what a shar asia r -- charade it is. >> marlow, did you watch last night's town town hall last night. >> he was on point, i think he made interesting comes
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with bret, he also showed empathy, a thought abortion answer was exempt larry, he is the one who is made the biggest dent on this issue, the seminole issue of our time of last 50 years of any conservative, and. empathetic this people who might not share his view point, he had great lines and a lot of clir clarification on r retribution comment, a lot of this stuff, is messaging to those undecided voters, i noticed this, i spend a couple hours with him in mar-a-lago he was on point to sensitivity that could prevent him from winning, this is a few who is capable and i am looking for to what he does next. >> key word, come commander in chief, alex marlow and monica crowley, thank you. >> coming up, consumer price
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index, interesting came in much hotter than wall street expected. we have the great kevin hassett to tell us why should the fed be juicing the biden economy if inflation is still a problem? wow. i'm c kudlow, we'll be right back. get all-day and all-night heartburn acid prevention with just one pill a day. choose acid prevention. choose nexium. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort.
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larry: cpi inflation came in hotter than expected. wall street of the not expected 3.4 %. for headlines, cpi 4.9, fed's target is two, why should j. powell and fed juice the economy? nobody better to talk about that than kevin hassett. author the of the drift. most important book of 20th century. you know, they brought inflation down. but they have not gotten it down to their target. unemployment is low, we had numbers today claims are low. why should the fed to -- you said it a week or two back. no reason other than politics for the fed to juice the economy this year.
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>> excuse me did you say i was right? larry: h. larry: you were first guy on show. to think on tv what do you make of it. >> i am sorry to joke, yeah. bottom line, is that there is a regularity of economy data that wage inflation it stays high makes price inflation high, firms have to pass higher wages on to consumers looking at atlanta fed best measure of wage increases 'is about 5.2%, that means that you know getting price inflation below 4 is next to impossible, unless you want profits to go in tank, at that point equity will collapse, we're stuck at 4. we have h had a couple good numbers, say said they were temporary if is where we make sense, what bothers
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me, if luke at future market -- look at future market, they are expecting fed not that meeting but next to start cuts rates all the way through the election. they have the rate at end of this year at 3.75. the bottom line, what story is there out there with inflation still way above target with gdp growing 2. 5% in fourth quarter, you have growth, and low unemployment and low initial claims and high inflation and markets call for fed to cut? only reason that markets are pricing in partisanship, they understand that all those democrats. want to juice the economy for joe biden. larry: judy shelton was on with steve forbes, talking about the dei the wokeness. she sent me a thing this morning someone did a study, 90% of the fed's economists are -- wait for it, registered democrats.
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90%. that is not quite as bad add harvard, i think harvard faculty 97%. but it does not seem like there is no discrimination. how about that way? >> yes, the one thing to say, you and i know j. powell, joaj joaj, he -- he will fight going political moves at the fed, problem is that the staff will be presenting him forecasts that are jimmied to make it look like we need to cut rates, i am sure staff says that economy w will be a disaster to get interest rate policy to be lax into the election, i am not mr. l l let's attack fed in public but it important to talk about political risk, it is future of the fed at stake, if they cave to all individuals like
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goolsbee and they cut rates beginning in march through the end of the year, thin, i don't think that fed is an independent agency. larry: kevin has i hassett, i'll be right back. so you can get back to your monster to-do list. -really? -get a quote at progresivecommercial.com. ♪(song in french)♪ (♪) (♪) (♪) (♪) book in the hotels.com app to find your perfect somewhere. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪
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larry: that's it for kudlow, thanks for watching, folks. discretion is advised. [music - inner circle, "bad boys"] - (singing) bad boys-- - stop! --whatcha want, whatcha want-- get out now!

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