anxiously for this event. it's a big deal to have an event like that in the white house. i just don't know if it will be more empty promises or some actual announcements. ashley: yeah. >> the actual rescheduling announcement has to come from the dea but we're still expecting it this year and finally seeing some reform. you have got to concentrate on the u.s. cannabis stocks though. it's very different than the canadian cannabis stocks. ashley: right. we'll leave it right there, dan. we won't be holding our breath pun intended over what happens at the white house tomorrow but thank you for joining us. [closing bell rings] as we head towards the closing bell markets as you can see ending the day in the read. dow up 141. same story, s&p, nasdaq russell 2000, all down in today's session. we're out of time. larry kudlow -- ♪. larry: mellow, folks, welcome to

"kudlow," i'm larry kudlow. it is all about ticktock. the battle in the brewing in the senate. our own hilary vaughn has quite a yarn to spin on adventures of tiktok and ceo. the great brian kilmeade is here, he will set rand paul straight about the tiktok story. bob lighthouseer wants more tariffs. retail sales going down, inflation going up. kevin hassett and mike falkander have something to say on that. former trump national security advisor on biden slipping the u.s. military. liz peek, caroline downey will watch senator bernie sanders go ba chris tick on capitol hill. -- ballistic. hilary vaughn live on capitol hill with all the powers that be. how are you doing. >> reporter: i'm still out of breath with all this chasing

around i've been doing. right now senators are waiting for leader chuck schumer to figure out when and how he will bring this tiktok bill to the senate floor but ticktock's ceo is not waiting to figure out his fate. he is waiting here on capitol hill to take advantage of this limbo to lobby lawmakers his way. he met with senator john fetterman today. on his way in he talked with fox's asia haas any it is not possible to do what the house bill asks in the time frame he wants. he says ultimately tiktok will be banned. >> the bill is 12 pages long. we've looked at it. it is not feasible to do whatever the by thinks it does with the parameters in the bill. >> to divest the company. >> all the bill, we go through all the details, this will lead to banning of the app in the country. >> reporter: even though chu had a one-on-one with senator fetterman he didn't win him over at least not yet.

he needs guarranty the app is separated from the chinese government. that is a question a lot of lawmakers have on their minds whether the chinese government has control over tiktok. something the chinese government called a down play or conspiracy. i tried to give mr. chew tell us once and for all does the ccp have influence over tiktok. mr. chew can you say with 100% certainty the chinese government does not have any influence over tiktok? mr. chew, does the chinese government have influence over tiktok, yes or no? mr. chew, can you promise the american people that the chinese government does not have influence over tiktok? mr. chew doesn't it say everything you cannot promise the american people that the chinese government does not have influence over tick tock? it should be a simple and easy answer? excuse me. >> thank you. >> reporter: so larry i tried nine times to ask mr. chew that. i didn't get an answer even

though between senator fetterman's office and his car he did answer several questions. he just didn't want to answer my question which really says everything, larry. larry: hilary, you always ask the best questions. i could have told him that. the fact that he won't answer. he's wrong. you're right. we'll see you in just a few moments later in the show for another one of your adventures today. anyway we have the great brian kilmeade with us to talk tiktok in just a tech but before we get to ticktock. i want to say a few words with democratic insanity. chuck schumer, the jewish leader in from brooklyn, called for regime change in israel. in case you missed it he decided to interfere in israeli politics to ask prime minister netanyahu to step down. this is insanity, meddling in israeli politics.

if they delve into the war story, the idf, whole of israel is winning the war against hamas. if u.s. politicians would leave them alone they would finish the war in southern gaza and rafah in the next few months. joe biden, chuck schumer, antony blinken and other democrats keep mouth off and openly criticizing israel. israel didn't start the war in case you forgot. hamas skilled 1200 people on october 7th in an awful massacre. but israel will finish the war and they will annihilate hamas. calling for netanyahu' resignation is sheer stupidity. repeated calls by president biden about humanitarian aid, that misses the point entirely. oh, oh, there is another story. samantha power, the administrator for usaid, she told "politico" she criticized netanyahu to his face about non-compliance to international

humanitarian rule of law, whatever that means. power of course, another soft on iran obama alumnus. now hamas controls nearly all of the aid distribution in gaza. they hoard it for themselves. then they sell the rest on the black market for exorbitant prices that ordinary palestinians and others cannot afford to pay. so instead of nagging israel to submit some kind of a detailed war plan that will not injure one single civilian, why not just let them do what they do best, annihilate hamas? speaking of nagging, whatever happened to the joe biden ram todayman cease-fire hostage release plan? well it never happened. why? because hamas wouldn't sign on to it. and there is another related story. on wednesday the biden administration reapproved a sanctions waiver that unlocks upwards of $10 billion in frozen funds for the iranian government. this is about letting iran get

paid for selling electricity but of course money is fungible and it will about trait to their terror budget which is to say hamas. probably the single most inexcusable decision by joe biden's whole administration was to lift the iranian sanctions in the first place. those sanctions imposed by the trump administration and they allowed iran to accumulate oil revenues and foreign exchange reserves that gave them resources to back up hamas and their hideous october 7th massacre of 1200 people. there is another story where a bunch of democratic senators want to withhold military weapons from israel. touch ask yourself which side are these democrats on? it's a simple question and to this day, the bidens say nothing to china even though the ccp is financing two wars against the u.s. by buying russian and iranian oil. and the biden administration is still seeking some kind of nuclear peace deal with iran,

utter insanity. there is no reason to make this israel story any harder or more complicated than it needs to be. let the israeli administration and the idf do what it knows how to do best, to crush hamas and in the rest of gaza and ironically one guy who would benefit from this is joe biden. but for some reason he and his crew don't seem to understand how wonderfully simple life can be. want to get that in. let's go back to the hot hot, news of the day is tiktok. my good friend brian kilmeade, host of "fox & friends," host of "one nation." thank you for doing this. very short notice. you're a prince. let me dial up your conversation with senator rand paul this morning on "fox & friends." >> who owns the algorithm? >> tiktok owns their own algorithm. >> who owns tiktok? bite damages. who owns bytedance? the chinese government.

>> no they don't. you just told a lie, brian. you can't say on tv something that is a lie about a company. that is on ought and out lie. >> what is a lie. >> they're not owned by the chinese government. >> so let me clarify. every entity, i will give you an example, alibaba. jack ma thought he had a little problem with the chinese government. how did that bo? he is now i think working in soup kitchens and bab alibaba to something else. i watched the ceo on capitol hill. he did not say the backdoor was closed to the chinese government. everybody knows the act es is to americans. larry kudlow has, if you had the app and you don't, i had the app, and i don't i would get different things to me than you get to you. guess who is collecting that data? tiktok is collecting that data. that data is acceptable to the chinese government. if you're comfortable and i don't think you are, but if

rand paul is comfortable with 170 million americans having their personal data, their likes, dislikes, their emotions all chronicled given to the chinese government, if you feel comfortable with that, have at it. you keep the app. but i'm more in india's camp, who banned 59 chinese apps including tiktok. australia, new zealand, canada to agree have all dialed back because they're concerned about the access that tiktok gives, the access and susceptiblity of their citizens to the chinese government. larry: couple things on this. this is one of these stories. we shouldn't have to make this any harder than it needs to be because tiktok and bytedance, the way they're constituted now, there is national security risk. the fbi director wray came out and said that other experts. we'll talk to another expert later in the show on this whole national security angle but, look, i negotiated with china for several years on trade.

one of the things you learn as a matter of law in china as well as common practice, these chinese companies are instrumentalities of the chinese communist party. they are instrumentalities. they're not independent. the ownership technically may not be the ccp but they do what they are told to do, and inside of the constitution, inside the documents for these companies, anytime the ccp or the chinese government wants information from the company they must give it to them. >> they don't have a choice. larry: case rests, there is no choice. that's what you were right, look, i, rand paul is a friend. he is a real smart guy. most of the time i agree with him. most of the time i don't understand his point this time. >> couple things, mike gallagher, i watched a lot of hearings, a lot of people watched robert hur, i went to c-span. watched intelligence hearings. all the heads from the fbi, cia, dni, tiktok is huge problem,

leaves americans susceptible. if they're note killing with us fenn that at that nil they make with the pills on down through mexico -- fentanyl, if they go after america, shape what we think. for example, look really hard for anything positive about taiwan. think about some of the things on the app. if there, if there is one story pro about israel they're is 100 negative about israel. larry: right. >> pro-palestinian, pro-hamas. if you want to know why americans next generation is exorcised against israel, caught so many people by surprise, look at the 170 million, mostly between 16 and 24, that choose tiktok as their source of news. that's what, that america suddenly realizes our allies are not necessarily allies of the next generation because of what china has allowed to shape their minds with through this app that came into this country,

ridiculously in 2016. larry: what's wrong, look, steve mnuchin was on another network this morning and he says he will try to put a group together to buy it. and he said it is a national security risk as it is now with the bytedance ownership. okay. instrumentality of the ccp. it should be a u.s. business, a u.s.-owned business. what's wrong with that? that is exactly right. >> no one says, hey, you could can beat instagram, congratulations have at it, you about in our country we should not allow russia, china, north korea, iran, the parade of enemies against america to control news outlets. they would not be allowed to by cbs, would not be allowed to by nbc but they're allowed to put tiktok in our country, dominate our news feed, shape what we see and learn? makes no sense. larry: would the ccp let fox news, some other company go in there. >> facebook is not allowed in there, snapchat is not in there.

communist country has different rules. they look at a problem. we're hit with bombs we fight back. then there is what we're going through right now. suddenly china is doing everything they can to weaken us and underline, outline, circle our divisions whether ethnicity, whether it is the trans situation, whether we're looking at -- larry: giving bad information to kids, getting them depressed, sometimes suicidal. >> election suppression. what link does china want? larry: cyber hacking, spying, surveillance, personal information, we know this. >> right. larry: i just don't see what is so hard about this story. the best principle we can have is to get bytedance out and make tiktok a u.s. company. >> you know the the answer to t. the answer is there is a lot of very powerful people, lobbyists in there. there is also a lot of young people who may or may not vote but certainly have their voices heard. some great people on there making a lot of money, millions of dollars doing it in ethical

way, i understand it, when you pay trent lott, joe crowley, pay former politicians to be lobbyists, he says buddy don't vote for this, don't an part of this. let other people worry about this we have to get the next generation of americans to vote for us, don't go do that. there are certain times in life you do the right thing. larry: make this is a u.s. business. >> if they don't sell it dice. larry: it will. we have to protect ourselves. you have all the guys saying it is a national security risk. they're not wrong. they're correct. i will give biden, i will give biden some credit on this. he is on the right side of this issue. >> he is wrong to have his campaign be on it. he is wrong to hop on it on the super bowl, do a ridiculous ad. that sends a bad message, barack obama sitting indan style in the oval office, talking to a guy with nose ring, happens to be influencer, talking about need to do whatever, he knows a lot of people on tiktok might vote for him.

where are your ethics and valueses? china owns it. larry: i give him credit. he might have forgottish about the ad. that's a joke. >> i understand. larry: you're so right, rand paul, good guy i agree with him most of the time. not this time. >> does schumer bring it to the floor, i believe he will have to, absolutely. too much support for it. >> right. larry: all these stories and stuff you're doing on the network and helping, all these stories, they're cascading. there will be a vote on the floor. i believe the vote will pass. brian kilmeade, the best of the best. catch brian on "one nation," 9:00 p.m. eastern on fox news. thanks again. >> we'll have mike gallagher talking about that. thanks, larry. larry: absolutely. inflation is rising, retail sales are falling, is not what joe biden dreamed about. we have kevin hassett, mike falkander will make sense of it next. more inflation? let's get right on tiktok. let's get america right on tiktok.

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larry: all right inflation going up, retail sales going down. inflation stickier than anybody thought. our own edward lawrence live at the white house with more. edward, what can you tell us? >> reporter: larry, we have not

seen the producer price index this high in six months. that's the companies are paying to buy the goods to make the goods they sell to all of us. it is 1.6% year-over-year. .6% month over month. that is well more than expected at least in this and it is also putting pressure on inflation. when you look at rising gas prices here, prices are up two cents overnight, almost to the levels they were a year ago. the average hourly earnings up 4.3% year-over-year. all of this keeps pressure on prices being higher, causing more americans to resort to their credit cards. the treasury secretary telling me she is not concerned about credit card delinquencies increasing. >> over time they have spent some of that buffer of savings and particularly lower income households are borrowing again on credit cards. i see that as a normalization rather than a disturbing new trend. >> reporter: market experts like

stephanie pomboy say when you adjust retail sales for inflation they have been basically flat for 24 months. it shows her people are not buying more but paying more for the same items. still the treasury secretary holding to the fact that the prices of some goods have come down within the last six months. >> americans are seeing the costs of some goods that are important to them like rent having increased. many prices are well off their highs. gasoline, eggs, other things, tvs, used cars and trucks that people buy are well off their highs. >> reporter: again she is talking about a shorter time frame. we know that prices since the month president biden came into office up 18 1/2% and real average hourly, are down 2.5% in that same time frame. this is what americans feel and this is what the white house is

having trouble messaging around. larry? larry: thanks, edward. weekly earnings by the way down almost five percentage points under mr. biden. thanks very much. let's talk about all of this. we got mike falkander former assistant treasury secretary and now the chief economist at fpi, kevin hassett former chair of the council of economic advisors during the trump years and distinguished fellow at the hoover institution, author of "the drift," stopping america's slide towards socialism. kevin hassett, getting inflation is down not that easy especially when you show budget continuing spending increases like there's no tomorrow. what do you make of these reports cpi, ppi? this is not what joe biden dreamed off. >> right, it was obvious this was going to happen. larry, you guys, the one thing i disagree with you, you covered as unexpected increase. you and i have been talking about inflation is not under control every week on your show for the last six months?

the fact is there is very simple math, the janet yellen denial we saw means she doesn't understand simple math. let's explain it to her again. government spending is 25% of gdp, government spending goes up 10%, if supply doesn't go up, pricing go up 2 1/2% to offset that, 10% to 25. i've been getting inflation almost exactly right. i've been saying last couple years with that simple pneumonic. government spending going up this much, supply is not going anywhere because they're attacking supply so prices have to adjust. that is still going on. the fact in so in denial in their budget spending going up 7% this year, by same math they are adding couple months to inflation. it is not going down no whatter what the fed does. larry: mike falkander, a problem for consumers and businesses, a problem for joe biden energy prices are going back up as edward lawrence mentioned.

gasoline is over $3.40. that is less than it was at the worst which was five bucks nationwide. it was below three dollars. that is creeping up again. wholesale energy prices, crude prices, brent crude, west texas crude, those are all starting to go up again. as you say often that permeates the entire economy with price increases. what will they do about that? >> larry, that is exactly the problem, if you look at cpi number, ppi number the biggest contribution was from the rise in energy prices. a lot of that is coming from the fact we are not expanding refining capacity here in the united states. so you have shutdowns in the midwest of refineries and as a result, you saw gas prices have to take off in order to, in order to clear that market with there being less supply online. this comes back to the fact that the biden administration is doing everything it can to try to move us away from fossil fuels despite the fact it does permeate our economy.

it is not just transportation. it is not just production. fossil fuels are inputs into a significant portion of many products that we use every day. when you consider we get 80% of our electricity from fossil fuels and that renewables like wind and solar only comprise 4% of our energy mix, there is just no plan to get us off of fossil fuels yet there is no investment in refining capacity. larry: kevin hassett, the atlanta fed's gdp now tracker is marked down to 2.3. i think it started the quarter at about 3 1/2 but what edward lawrence mentioned is so interesting, realreal tail sales, real adjusted for inflation base consider have been flat for two years. i mean this economy is probably soggier than some of the recent gdp reports might suggest. >> right and i will make a prediction right now, larry, and you know you're right about that, that in the end when they come back and revise all the numbers for gdp during the biden administration they will go way, way down because the inflation

measures have not correctly measured inflation, they have understated it. we talked about it on your show last week, the fact for example, interest costs are not in the consumer price index. when the monthly payment for your new car goes up doesn't affect inflation but sure affects your life. i filled up my car today, cost 80 bucks. it would have been 40 bucks three or four years ago. that is what everybody is going through in america right now. it is not really measured in the inflation measure. i think the inflation measure is way, way too low. larry: faulkender, i will give you the last word, biden talks about shrink-flation. i think the shrink-flation is in his polls, particularly his economic performance polls. there is shrink-flation. give you the last word. >> they are indeed, larry, because the american people know those numbers that edward lawrence talked about earlier with regard to how far their wages go compared to price increases. when the american people are 2 1/2% behind in terms of what an hour of labor purchases for them, whereas under the trump

administration we saw household income go up by $6,000 after inflation, they know what kind of economy they're getting under each president. larry: great stuff. gentlemen, kevin hassett, mike falkander, thank you very much. next up former trade rep bob lighthizer. he is going to argue president trump is right and we need more tariffs and we will explore that. then former national security advisor robert o'brien on biden's shrinking military and giving iran another ten billion dollars. oh, yeah, tiktok, why not? buy it and make it an american company. i'm kudlow.m i'm for american companiesgr. we'll be right back i'm just a regular person. some people say, "why should i take prevagen? i don't have a problem with my memory." memory loss is, is not something that occurs overnight. i started noticing subtle lapses in memory. i want people to know that prevagen has worked for me.

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you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire larry: so in the "economist" magazine, donald trump's former trade chief makes the case for more tariffs. that person joins me, robert

light heuser, former trade rep, author of no trade is free. helping america's workers. bob lighthizer, welcome back. i will read couple things here, my favorite line in the article which i read carefully, underlined very carefully. it says tariffs are a tool that should be used in conjunction with a pro-growth tax policy, reduction in unnecessary regulation and the use of subsidies to develop key sectors like semiconductors. so i like that. i want to read something president trump just said recently. i think taxes could be cut. i any other things could happen to more than just that, but i'm a big believer in tariffs. beyond the economics it gives power dealing with other countries. so, bob lighthizer, we can have tax cuts to offset the tariffs? would that make sense if you have a 10% import tariff or something, what do you make of

it? >> so let me take a step back. here is -- one thing i would add, i talked about tariffs are one tool of capitalism. we need a sensible pro-growth taxes, we need less regulation. we need subsidies in some cases. we need an energy policy that helps people instead of one that hurts people but i like to go back to basics on these things. president trump ran for president among maybe the most serious reason was, he wanted to help working people and working people had been treated very badly in this country. if you look what's happened to our communities across america, working men and women have really not had a pay raise with the extension of a bump during the trump years for 25 or 30 years. so something has to be done to help those people and at the same time the country, the rich are getting richer and the middle class is disappearing. for the first time in our

history the top 1% has more wealth than the 60% in the middle and there is a lot of reasons for this but one big, big reason is trade policy. so the president proposed that we start a reindustrialization program and that a good part of that should to be have tariffs across the board. i say this is necessary because the current program has failed. let's look at the dataquickly. we've run up 17 trillion-dollars in trade deficit in the last 24 years. that means we basically shifted our wealth overseas including communist china to that huge amount. we have not seen wage increase. we have lost jobs. we lost our edge in manufacturing. we have a very large trade deficit in high-tech manufacturing. so the direction things are going in are bad. we have seen, people with a high school education now live nine years less than a person with a college education and that's the result in some, to some extent

of a bad trade policy and the fact that they don't have good jobs to support their communities and their families. one last thing, for the first time in our history since 2000 a young person growing up cannot expect to live longer or be wealthier than their parents. that's the first time in american history, since this policy has gone into effect. larry: your point, i think it's an important point, it's a good point, when you look at trade policy you have to look at it from the standpoint how it's impacting the middle class as you say. also people that make things as you put it in your piece, manufacturing, and related items, i think that's a fair point. i think pure free traders have overlooked that. having said that, you know i still think that the trump policy of reciprocity, the idea of reciprocity, if you could have a world where, look if one side, if chinese going to raise tariffs then we'll have to be

tough and raise them too, the same for europe. i agree with that, you know i do, but on the other hand if you can make trade deals both sides to lower tariffs that would probably be a good thing and the only other thing i wanted to add, you know, with mr. trump's idea of a 10% what he calls rink around the collar which is campaign idea, not totally formulated. but sounds to me like he would offset any impacts here domestically with a tax cut, might be a middle class tax cut, for example. it might be some kind of a border adjustment or tax credit, the way other countries have it. we would be protecting our areas that need protecting but tax cuts could offset it and the net would be a net plus on economic growth. i mean is there any problem with that concept? >> well i would say first of all these tariffs will be, will have

little or no impact on inflation. so there really isn't a lot to pay back let's start with that. we had tariffs. we didn't have inflation. countries have the most intervention in the economy in the whole world, countries like china have deflation, they don't have inflation. these things will not be inflationary. there is nothing to pay back. the real payback is, your mom and dad going to work in a factory making a good wage and giving hope to their children and making their kids proud of them. that's the payback. that's the jobs. that is giving a pay raise to american workers. so there is no way this will be inflationary, even, even some of the people who hate tariffs say that the effect of our tariffs was than a quarter of a percent. they're really not inflationary. we have to get that notion out of our head. i have know there are economic models that they are but in

practice they really haven't been. what the president wants to do with this money, general rate the kind of industry that will create millions of high-paying jobs and if we do that, we're going to restore our communities, we're going to restore the greatness of america. i think this is an important part. the one other thing he talks about, remember. larry: got it. >> he wants much higher tariffs on china because he realizes the kind of geopolitical threat they are to our country. so, so i would say there's a moral, there's an economic and there's a geopolitical reason for this. larry: all right. we'll leave it there. your phone's ringing. i got to take a commercial break. >> i apologize for that. i don't know how that happens. larry: i hear you loud and clear and your piece in the economist was very good. i like the balanced approach. let's open fossil fuel spigots,

let's cut taxes, let's deregulate, keep the dollar around we can have our tariffs too. it is a weapon. i agree with you. we'll leave it there. robert lighthizer. >> great. larry: we'll go from one former trump official to yet another, robert o'brien, former trump national security advisor. welcome, robert o'brien. you probably i don't know you heard lighthizer discoursing about tariffs but i want to ask you about something else. i want to get to tiktok. >> larry, let me interrupt you for a moment. i felt like i was back in the oval office watch you and bob advise the president. if the american people are concerned about getting the economy on track, that should vote for president trump and get advisors like you and bob back in front of the president. that was terrific. larry: you're very kind. look "the wall street journal" editorial page writing biden shrinks the u.s. military. this is so trouble some. today 3.1% of gdp for military

spending which itself is very low. by the end of the budget horizon it will go down to 2.4% of gdp and the army is short, the navy is short. nuclear submarine building is short, robert o'brien. this stuff, they are peaceniks. they are dealing with a world that doesn't exist. meanwhile you have blow ups all around the globe. the united states is sometimes just a bystander without any take on it. why are we shrinking our military? >> well of course this is a democrat playbook ever since president clinton. they think there is a peace dividend. they want to spend it on butter and on domestic programs. when you this i, they claim there is 1% increase in defense spending but you just talked about it in your earlier segment with hassett, the inflation rate is higher than we see. that is a cut in defense spending at a time the world is most dangerous it has been since 1938. we have a war in ukraine. a war israel that basically iran

is subsidizing, and we have the chinese threats against taiwan. these guys are essentially cutting the military and gutting it. it is crazy and this sort of weakness is provocative. we'll have more afghanistans. we'll have more envisions. venezuela threatening to invade guyana. if we don't go back with peace through strength posture real quickly america is in trouble and the free world is in trouble. larry: i want to go back to the tiktok issue because you're the one who taught me, these big chinese companies like bytedance are essentially instrumentalities of the chinese communist party. that was your argument. i think it is truer today than ever before. that's why we have to sell off tiktok. >> 100%. so tiktok is collecting location data on our people, marines, soldiers, sailors. it is dividing america through propaganda coming through the app. but it is also sucking up all

the data and information on everyone's phones. they have 170 million censors on the country this is takes place, you talked about reciprocity earlywer bob, this is taking place in environment where facebook, google, apple, they're not allowed to operate their apps in china but china is operating the biggest espionage tool that has ever been invented here in america. we have to pass this bill. i'm actually for an outright ban but this bill is as good it will get right now. by the way it is president trump's plan this is what president trump talked about when he was in office. we have need to get back to that. larry: do you think, is there any reason to think that we would ban tiktok if bytedance won't sell, if the ccp won't let them sell, if the algorithms can't be changed we'll have a complete ban on tiktok? could you see that, would you support that? >> i would support it 100%, larry. we've got to do it because otherwise they keep hoovering up our data. has every phone with tiktok data

on it. financial mead data. health care data. text messages going to the cloud and chinese communist party has access to it. they know where you are. they know what they are doing. they will have social credit scores on you like they do in china this is a very dangerous weapon being used across america. we need to get it in american hands immediately. if that doesn't happen we need to ban it. larry: thank you, former national security vice tore robert o'brien. we'll take a quick break. talk to hilary vaughn, why did bernie sanders go ballistic on capitol hill? hilary had one heck of a day. we'll be right back. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music. enhance your wellness and longevity

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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit...

unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. larry: going right back to hilary vaughn who has had quite the day on capitol hill. hilary, how about this boxing match? >> reporter: larry, well we tried to catch up with senator bernie sanders to ask about his idea that workers would work a 32 hour work week but still get paid the same so businesses would basically be paying them for eight hours that they aren't working so we tried to ask him, you know, how businesses are supposed to survive all these progressive proposes that include raising taxes on businesses, asking them to pay their workers more, while lowering prices to fight inflation and now this idea they

would also pay people not to work. here is how it went. can i talk to you about the 32 hour work week? >> yes who are you with? >> reporter: fox business. seems like democrats want businesses to be taxed more. >> really, is that what you think? excuse me? excuse me? >> reporter: i didn't get to ask the question. >> okay, thank you. >> reporter: senator -- >> hold it, okay. we held a hearing on a 32 hour work week because what we have seen is over the last 50 years despite a huge increase in worker productivity almost all of the wealth has gone to the top 1%, or 60% of the people living paycheck to paycheck. many of our people are exhausted. we work the longest hours of any people in the industrialized world. i think it is time for a shortened work week. >> reporter: let me ask you a question about that. seems like democrats want businesses to be taxed more. >> that is not my assumption. >> reporter: lower prices and now pay people not to work? >> you know what i would like to

see? >> reporter: how are businesses going to survive that, that's the question. how can businesses survive all of those proposals? >> when mr. bezos pays an effective tax rate lower than the average worker i think we have a real problem in our tax system. i think billionaires have to start paying their fair share of taxes. >> reporter: so larry, we hear a lot about jeff bezos here on the hill. he is the billionaire poster-child but these policies would affect more than just him. he is just one guy. so we were trying to get clarification how they expect every one else to deal with this. larry? larry: hilary, glad you're in one piece. have safe home. thank you very much. >> reporter: thanks. larry: for more on this liz peek, syndicated columnist, fox news contributor. caroline downey, "national review" reporter. liz, 32 hour, maybe democrats should work less and rest of us should work harder. >> i think that is great idea. one day a week. one day a week for democrats on the hill, right? this is just more of the war on

work. i really can't understand how he thinks that a 32 hour work week is going to improve productivity. look if you keep this you up you will have less productivity, less profitability, which of course feeds wage increases last,ry. you can't have higher wage unless companies are doing well. hilary vaughn is totally right when she is lambasting him for wanting higher taxes higher wages, all the things that will make companies do worse. employees do better when companies do better. it is pretty straight forward. larry: i thought he was going to punch her out. i'm glad it stopped at the waters edge. i think people should be working harder, not less, more. >> a wise man once said i think that our work ethic is actually a positive aspect of our national character. that is what separates us from europe. that's why we're wealthier than europe, larry. also if it's true the government can dictate how many hours we work for the same pay, i think bernie sanders is corporate shill by stopping at 32 hours. i mean, why not two.

why not two hour work week? honestly the slippery slope he is setting out doesn't make any sense to me. larry: what is it about jeff bezos by the way. every one picks on jeff bezos. by the way, i know this is almost irrelevant but we looked at these numbers. the wealthiest people in the country, top 1% pay half of the taxes. just half of the taxes for heaven's sake. make quarter of income, pay half of the taxes. >> they lie, they have no basis what they're talking about whatsoever. this recurring lie from joe biden that billionaires don't pay enough in taxes or pay a lower rate than everybody else. as you well know we talked about it before, that imply as wealth tax. that is what he is basing that on. larry: yeah. >> that is not the law of the land, folks. if you want to get there do that. guess what? europe, country of a country imposed a wealth tax. they rescinded it because people moved away. it is very simple. larry: to be continued. we're out of time. i apologize. we're always out of time.

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