has four times cash flow, 7% yield. a lot can go wrong and stock will be okay. liz: i like the 7% yield, gives you time to wait. bob as we finish up, i'm looking at verizon it is down. amex is moving all over the place. it was a laggard yesterday. are you worried about the financials at all? >> i think this weakness is a buying opportunity. they're still cheap. there are issues related to credit and economic growth, i get it, but a lot of of the lending took place outside of the banking system this cycle, liz, as you know. so the balance sheets are in pretty good shape. liz: great to see you, bob doll, thank you so much, folks. the dow is down a bit. [closing bell rings] for s&p and nasdaq three straight record closes. look at those gains. the russell having a solid session. lucid motor ceo tomorrow. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.

so i want to tell you something, inflation is still up 20% since joe biden took office. people are still having trouble with personal borrowing costs and the fed doesn't look like it will change its policy really at all in this election year. we have "breitbart"'s john carney and our own taylor riggs on all of that in just a minute. i want to get a little crypto here before we're done with this story. mr. trump going to washington. former house speaker kevin mccarthy, ceo -- john cornyn. edward lawrence what can you tell us? >> reporter: the federal reserve left things unchanged for the seventh consecutive meeting in a row. you talk about the famed dot plot, the fed sees one rate cut. they were two votes away from the two rate cut. again one, the fed's projection showing inflation will increase

this year. they also believe their expectations for inflation will also increase. here's the fed chairman. >> we had really, really good inflation data in the second half of last year and then kind of a pause in progress in the first quarter and what we took away from that it will probably take longer to get the confidence we need to begin to loosen policy. >> reporter: so the market putting the odds of 50% for a rate cut in september. none of this changes the way people are feeling. overall prices are up 19% from the month president biden came in office. food and shelter up 20%. electricity up 29%. auto insurance up 51 1/2% from the month president biden came in office so i asked this. how close are we to that point where the consumer can't continue to spend as spending or companies hire like they're hiring. >> consumer spending is still growing, not growing at the pace it was growing a year ago, but

it is still growing solidly, but you're right though, we do see the same thing other people see, which is, you know, increasing financial pressures on, you know, more lower income people and, and you know, the best thing we can do is, to foster a very strong jobs economy which we think we have done, ultimately to get inflation uncontrol. >> reporter: so we've got that sense though from the news conference there that he feels like he is seeing economic rainbows and the fed chairman also believing they're in seems like in that soft landing that he said could be possible. larry. larry: seriously think, does jay powell seriously think he can get away with a rate cut in september in order to juice joe biden's economy, really, seriously? you would have, actually that rate cut would happen about the time that hunter biden's tax evasion starts in los angeles. you think that's going to happen? i'm just interested in these

different scenarios, you know, novice that i am. >> so i have heard, behind the scenes and from people i talk with, it looks like the first rate cut probably will be after the election. the markets though are pushing that rate cut forward. they would like it, once the rate cut happens the markets would probably take off again. at this point what i'm hearing it is possibly going to be after the election. markets say 58% in september. larry: market, r right, they're always looking for rate cuts. edward lawrence, thank you very much, we appreciate it. folks, mr. trump goes to washington, a little bit different idea. that is the subject of tonight's riff. republican standard-bearer donald trump goes to washington tomorrow to meet with the house and senate republican conferences. he will also meet with the business roundtable ceos. here's a thought for mr. trump, success is the best revenge and a strong economy would lower energy costs, supply-side tax cuts and rolling back biden

regulations should all produce a healthy and prosperous economy with opportunities for all working folks of all colors and all religions. in other words, unity. just a thought. but i have a sense mr. trump is not going to go there. don't look for detailed blueprints. look for big picture themes like, we can't have a country with an open border, and we should be putting our foot down enforcing sanctions against iran or we should be giving israel our whole-hearted support to defeat hamas as fast as possible or we can't let countries like china take advantage of the united states with unfair trading practices decimate especially our middle class working folks in the industrial states. or "the new york times" writes this long piece how trump policies will cause higher inflation. sure they will.

wait a minute, these are basically the same policies he had in his first term when there was virtually no inflation. so how can the same policies in the second term cause higher inflation? only the newsroom of "the new york times" can tell us about that one, dumb, very dumb. the republican party has an opportunity to change the direction of this great country of ours. you know, folks don't want big government socialism. folks don't want huge tax hikes. folks don't want rapidly rising prices. folks don't want electric vehicles jammed down their throats. folks don't want venezuelaian crime gangs coming across the border illegally and flooding our cities. folks don't want esg or dei. folks don't want america embarrassed overseas in places like afghanistan. folks do want a chance to be law-abiding citizens with strong family units, the right to

worship on the weekends without being harassed, the right to have their kids educated properly in school rather than all this woke insanity. folks want traditional values and they want a rising economic tide that lifts all boats that provides new opportunities to climb the ladder of success. oh, yes, a lot of folks working in the gig economy would love to have tax-free tips from their grateful customers. rook for mr. trump to make a lot of these points when he visits his republican party brethren on capitol hill tomorrow. know what, folks? success breeding unity. now that's a fine message. and that is my riff. and that's got to beat the dot plot. [laughter]. >> tough call. larry: tough call says taylor. she is fearing gearing up.

we'll talk about dot plots all this stuff. joan carney "breitbart news" economics editor and finance editor. we've got taylor riggs co-host of "the big money show" right here on fox business. i don't know, i don't know what you're telling me on the screen but i will just go to you guys. so the inflation rate came in a little softer, i get it but you're still left with the average working person over the duration of biden's presidency which is how things look at it, how people look at it, cpi is up 20%, if i'm not miss taken off the top of my head. groceries up about 20% also. energy up something like 35 to 40%. gasoline once upon a time under trump trump was two dollars. i know it was down in may. that was a big reason as i looked at the cpi number but, so what? so what? i can't get excited about it, i'm sorry. >> no, i think you're making a good point. you're highlighting disinflation which is the slowing rate of

increase versus decreases with outright prices declining. what i see, john, feel disagree with me, the federal reserve and markets took a big sigh of relief getting a slowing rate of increase on inflation. yes, prices are rising but they're rising less quickly than they were. larry: that is a fair analytic and empirical point, i think that's right. it doesn't excuse the sins of the past 3 1/2 years. >> i agree. larry: this year, john, started out on a very rapid rate of inflation. it was like it was coming back. i don't know whether that is stopped or not. as i said looks like a lot of energy prices coming down, you tell me. the point is, you had almost 4 1/2% annualized rate of cpi inflation. the first four months of the year, this being the fifth month of the year you got better relief. i get that. taylor speaks the truth on the numbers. what say you? >> this is exactly why

wall street was very relieved and the fed was relieved to see these numbers. the danger was inflation would keep reaccelerating. i say when i look at the numbers there is a little bit troubling statistics in it. if you remember all the way back in april we had soft retail sales and so what happens when you have soft retail sales in april, you then get soft price pressure in may. so what we're seeing is, actually the softening of retail sales in april, led to low inflation in may. that disrupts the immaculate disinflation story because if the only way we coo get inflation down is to 1069en the soften the economy, that raises the risk we could be headed for recession. if retail sales keep falling that will put us into recession. larry: when is the recession, john? >> i don't think we'll have a recession until the fed starts going, when donald trump gets into office, they're going to do everything they can to throw the works at him to try to screw up the economy but i actually don't think we're heading necessarily

for a recession. in part because the fed, i think the clearest path to recession was fed cut too early, realize they have to raise rates. that puts us into recession. if they hold -- larry: i'm a mean and nasty contrary view. you want to know why there is no recession? i will tell you why there is no recession, profits. >> bingo. larry: profits are the mother's milk of stocks and lifeblood of the economy. >> bingo. larry: you want to know why there are very strong profit numbers? >> tell us. larry: because donald trump cut the top corporate tax rate from 35% to 21% and despite the fact that joe biden and all his advisors have been pulling their hair out for 3 1/2 years trying to take that back, the country has prospered for the very reason trump's corporate tax cut. profits come when you have lower tax rates. inflation has hurt them. the interest rates have hurt them. but at least on after-tax basis

21% marginal rate which is what trump put in is better than 35. i mean this. you think i'm being ornery, i'm not. i'm being analytical. one of these people don't want to talk about that, i do. >> i think it's a good point to talk about because a lot of people will point at that, oh see, so the other side will talk about corporate greed, right? profits are because they're raising prices on us too much. i would argue, we talked about this a lot, grocery margins are only two to 3%. grocery stores barely make any money. but you're right, the rising tide lifts all boats if you cut taxes on corporate rates it will filter into higher wages for employers because companies have more money to spend. larry: you don't have to be, you're an i am peer a sift, you follow the facts. i tend to be a wee bit more political but i still have facts in my argument. i'm telling you lower marginal tax rates help profits help the

economy. i don't think this is booming economy, john, because the business side is not booming. i grant you the consumer side basically held up with some sign of weakness. i have one for you too before we go out. you have $1.7 trillion budget deficit. basically i'm going to call it two trillion as far as the i can e. >> right. larry: -- as far as the eye can see. larry: you have 4% unemployment rate. you have a 3.4% inflation rate, still above the fed's target. am i right? i'm looking at numbers here. john writing and conrad, my old kids are the best in the business. i'm just saying how can you have massive budget deficits with higher than necessary inflation and a lower unemployment rate? john maynard keynes, who kind of sort of invested post-warmack crow economics for better or worse is rolling over in his

grave. that's the point i want to make. this is a crazy thing. biden is spending like there's no tomorrow much and the fed is going to wind up having no choice but to enable him. >> look, the fed just said today, they brought it back from saying we'll have three cuts to one cut but more important than that very related to exactly what you were just saying they looked out into the future, they said you know what? the long-term fed funds rate will not be 2.5%. they raise the longer run projection to 2.8% because the deficit will run so high for everybody they have to have higher interest rates to flight the inflationary pressure forever. you said we won't see a rate cut in our lifetime. some day they will cut rates but they will never to back to 2.5. larry: you can't have on the one side, federal spending like there's no tomorrow. i mean federal outlays as a share of gdp are running

something close to 24% of gdp. in peacetime that is virtually a record, may not be quite a record but it is darn close to a record. if you have these budget deficits of 1.7 to two trillion, gdp estimate, what is that, 6, 7% of gdp in peacetime, really with a 4% unemployment rate? we don't have a depression, right? these are depression arguments. you will wind up as inflation arguments. >> we have inflationary party right now in the united states. they're called the democrats. they're pushing us into inflation. the fed has to fight it with higher interest rates and that's exactly what's happening. push the deficit up forever, inflation and interest rates stay up. >> 3% budget deficits great again. larry: i have to process that. probably a good idea. taylor has a good idea. john carney, terrific. catch taylor along with her hosts brian brenberg and jackie deangelis on "the big money show" weekdays

1:00 p.m. eastern. don't forget buy bart, what is the daily thing. >> "breitbart" "breitbart busin. it is free, comes out every day. larry: fabulous product. mr. trump goes to washington, really? this is getting very interesting, is it not. we'll ask our friend former house speaker kevin mccarthy it is outlined in in my riff. you can read the darn thing. i'm kudlow. we'll be right back.

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larry: so post-conviction the bidens are trying to figure out what to do about hunter. fox news's peter doocy live from the white house with all the details. peter, what is cooking? what can you tell us? >> reporter: larry, president biden still hasn't said anything on camera about this. he is not just choosing to skip talking to the american people about his son's multiple felony convictions. he is also apparently leaving his top communications officials in the dark as well. >> i haven't spoken to the president about this since a verdict came out and as we all know the sentencing has independent even been scheduled yet. >> sentence? >> what imsaying that the

president, i have not spoken to the president about this. >> reporter: that represents a break in the white house's own policy concerning hunter biden though. there is no reason they shouldn't be able to comment about the possibility of a commuted sentence because they have commented many times on pardons before. this from december concerning the ongoing tax case. first briefing since hunter was indicted again in los angeles. why doesn't president biden just pardon him? >> the president, i've been very clear the president will not pardon him. >> reporter: and one more, less clear now, president biden is about to land in italy for the g7. where leaders will figure out ways solutions for the war in gaza and the war in ukraine. there is going to be a press conference, a joint presser with president biden and vladmir zelenskyy, with the two questions president biden is

obligated to answer while he is over there. larry -- larry: did you you put to them the commutation sentence. but what dud hear? >> reporter: it came aboard on air force one, they won't commit to it one way or another which is very, very notable. that is probably a huge signal. when it came to a pardon, president biden said no, it would not happen many times. officials from the podium, behind the scenes, told us no, he will not pardon him. now that there is a conviction the question is becoming about a commuted sentence. they're not telling us know, he will not commute the sentence. they are telling us they don't know. larry: peter doocy the best in the business, thank you, peter, thank you very, very much. for much more on this and other matters we are grateful right here on set, former speaker of the house, my dear friend kevin mccarthy. thank you for coming on. just a quick one on this biden thing. i mean, all right, papa biden

says no pardon, no pardon but you could commute the sentence it is like parsing words but he could get away with that. >> yeah he could. i think he would try to delay sentencing, get past november 6th, to try to deal with it. larry: not make that announcement until after the election. >> try to do whatever he can do to delay it so he can do it after the election. larry: interesting. how did you read it? does it have, hunter's conviction any implications for presidential politics? >> i don't think so. this is a son. this is, everybody knows hunter's problems. i think what's really happening the more serious actions, if he would have taken the money and the taxes and, you take those irs whistle-blowers, that's really what should be tried but that would tie you to the brother and could tie up to the big guy. so really just dealing this, the bidens are happy, this is the only thing they went after.

larry: the tough one will be the tax evasion one. that's when you look at all the income. that's when all the stuff comer will put together which you sanctioned when you were speaker. >> remember what they did? they delayed it long enough where they could wipe away some of the more serious actions. larry: do you think they have wiped away? wow! that gets me going. that is awful. >> these irs whistle brokers are remarkable people came forward. had they never done, we would never be in that place today. statute of limitations, they waited before they go to give him the opportunity. because that burisma money, all that, got the statute of limitations. the most serious portions of it, the known irs individuals allowed it to go without trying. larry: like hilary stuff when she believed it. >> they do the opposite to us. larry: restored it. kevin mccarthy, former president trump is coming to washington tomorrow. he will meet with the house and

senate republican conferences. it is kind of an interesting thing. it is his first time in doing this since essentially taking the nomination. what would you ad size him? i know you're a friend. what would you advise him? >> i was just with the president monday down in palm beach. i think he is more disciplined. you know him very well. we served within there. he is more disciplined since i have seen before. he has more come at him than any human being possibly could be through. what i see is he days on message, stays with the american people. he stays on issues, even during the trial. i think it is going to be a rally. members will be excitedded to see him. i think he is stronger than he has ever been. compare this to where he was four years ago. remember biden only won by 49,918 votes, his favorability is plus 10. he is lowest point of favorability at any president running for re-election the it is a flip where the polls were right now four years ago, it is a plus eight on president trump's side.

this is a moment in time for him to be almost a statesman going into the debate. don't take the bait at the debate. stick on issues. it is all about economics. it is the border and inflation that is what he is talking about. larry: he pushings success is the best revenge. >> yes. larry: prosperity is a unifier. >> yes. larry: that is what we learned as republicans down through the years beginning all the way back with my former boss ronald reagan. >> a hundred percent. larry: opportunity, growth, a rising tide lifts all boats, that is what unifies the country. >> it does but also drives people to him. they watched in his own life. this is very successful man you about who is his biggest supporters? the working class of america. larry: yes. >> he like your old boss ronald reagan who, what was it 37 years ago stood before the wall, tear this wall down, right, the berlin wall? but what he realizes he is bringing more people to the party that normally aren't here

around if you look at the vote out there, hispanics, very close to winning that vote. look at black americans, highest vote in any modern-day republican governor president was nixon at 13. he is at 22%. no way democrats can win. they continue to go after it. biden fails every time. you watched him at his event the other night he is stiff. larry: you're bullish, bullish on the gop, aren't you? >> election today, not only does trump win, the senate, we won the last two cycles while everybody else lost in the house people didn't think we could win it. it is easier to win this cycle than the other ones. last time biden ran for president the first time since 1994 not one republican incumbent lost. trump's endorsement is stronger today than even a month ago. not one person lost that had his endorsement. larry: kevin mccarthy, the best of the best, thank you for coming on. >> thank you. love your show.

larry: appreciate that. folks how do we fix the fed? how do we fix the fed? there is an interesting question. it might come up tomorrow when president trump speaks to the business roundtable or it might note. we'll preview the whole story. we have former fed governor kevin warsh. what would he do if by some chance he, wash, were in charge? we'll just ask him. remember "kudlow" available as a podcast, oh, no. the different episodes available every weekday right after the show on spotify, apple, foxbusinesspodcast.com. whoop dedoo, i'm a podcast. we'll be right back. me! we're talking about cashbackin. we're talking about cashbackin. we're not talking about practice? no. we're talking about cashbackin. we're talking about cashbackin. we're talking about cashbackin. not a game! we've been talking about practice for too long. -word. -no practice.

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♪. larry: so here is a very important question, how do we fix the fed? i mean it is not about dot plots or monthly little .1s on the

inflation report. let us talk to a fed veteran, kevin warsh, former federal reserve governor, now a visiting fellow at the hoover institution. are you still teaching at the business school? >> yes, sir, i am. larry: i want to sneak that in there. kevin, saw today's action, they will cut once, ha-ha, these forecasts are always incorrect. they were incorrect at the end of last year. who is to say they will will not be correct. are they watching the right thing in your judgment? >> no, in a word they're not. amplify today, they effectively cut today, they effectively cut because they keep talking about how they will cult. they keep saying cuts are coming. they are going back to a version of quantitative easing. they're bringing liquidity to the market. since december of last year they told the world they're cutting so financial conditions are easier. markets are looser. what happened, larry, inflation stopped falling.

inflation is if everything is creeping back up. they're taking a risk with americans who are paying a higher inflation tax every day. larry: at the opening segment, we had two terribly smart people, taylor riggs, john carney, but the fact of the matter is the 12 month inflation rate is still above the fed's target. it is 1 1/2 points above the fed's target but the more important thing is, over the course of mr. biden's term the level of prices has gone up about 20%. we haven't seen anything like that in decades and decades, right? and it's killing them and personal borrowing costs have gone up accordingly. i would ask you, why is the fed defacto or otherwise trying to put new liquidity into the system? i would think they would want to grabbed wally tightening? >> i can't speak to motives but they're goosing the economy when we're at full employment.

they're goosing the economy when financial markets are as hot as they ever have been and they're somehow surprised inflation is finding its way back into the system. the inflation dragon is always just below the surface. they needed to kill it. but they're giving it sustenance, but i think inflation will be a bigger risk not just the second half of the year but next year too. larry: kevin warsh, if you were back at the fed as a governor, a vice-chair or a chair, would you recommend different targets? >> i would recommend a lot of different things, frankly, larry they can't wait. they need to make changes in their policy right now because hard-working americans are getting hurt. larry: what would you recommend? give me a for instance, sing my teeth into it. >> three quick ones. get rid of the dots. larry: love that, love that. >> the dots are predicting things they can't predict. larry: right. >> they have been wrong so it hurts their credibility and their credibility is more important even than the printing press and the dots where they say how many cuts they will

have, that is spoon feeding markets. what you and i want to do is markets to inform policy makers. we want markets to tell us what really is happening. they clouded that whole thing. that is number one. number two, as i would stop all of this forward guidance. i would get rid of it entirely. today the chairman of the fed spent about an hour in his press conference changing his views about this and that. all the fed should say, listen if this happens to inflation we're going to do x. if that happens to inflation we're going to do y. we don't need to talk about everything else. larry: no normal, average person working a job understands any of it. it is all government bureaucratic, washington gibberish. really. >> i totally agree. larry: one more. >> to make a third and final point, they have got to stop giving the incentives for congress to spend a bunch of money we don't need, on projects we don't need at the wrong time and the at the wrong price. because the fed's in this

quantity kwan business where the fed is buying treasury bonds it is suppressing yields, it is telling congress you can spend all the money you want. there is a big bill to pay and that is facilitated by the federal reserve. larry: i never understood this jay powell who i know, who you know, why doesn't jay powell go to congress and tell them to stop spending like greenspan did and like volcker did in our lifetime? stop, how can they keep spending and the fed not enable them and therefore conquer inflation? it doesn't work. >> i think it is a little worse than that, even, larry. he went to congress, he said please do spend. the big mistake you can make if you don't spend enough to get us through the pandemic and that led to this huge inflation surge. that was a set of bad policies. we need a regime change with good policies, that reward work, that deregulate the economy, that bring energy independence and if we have those, we can have a stronger economy again. larry: good appointees to the

fed. kevin warsh, thank you very much, buddy. that is spiffy green tie. really like it. folks, so president trump i think with sheer genius on sunday in las vegas, no more taxes on tips. that's a real blue-collar tax cut. here, take a listen to what mr. trump actually said. >> this is the first time i've said this and for those hotel workers and people that get tips you're going to be very happy, because when i get to office, we are going to not charge taxes on tips. people making tips. [cheering] we're not going do do it and we're going to do that right away, first thing in office because, it has been a point of contention for years and years and years and, you do a great job of service. you take care of people and i think it is going to be something that really is

deserved. larry: all right. that's just fabulous. i'm telling you, it is sheer genius. the best thing i've seen since sliced bread. we were able to redo the furniture here on set and now bring in liz peek, syndicated columnist and fox news contributor and tammy bruce, also a fox news contributor. tammy bruce, no taxes on tips is the ultimate gig economy, working class, waitress, chambermaid, restaurant, i mean this is just the greatest thing i ever heard. >> i remember when it was switched, we weren't always taxing tips. that shifted years and years ago. then you have these things that are not fair, and not normal. you get used to them. it becomes the new normal. that is gene -- genius. it is something that can be stopped. these things reward people for their initiative, good service, rising above and beyond. it makes it more, you can embrace it more because you have more of around impact.

it just, reminds people you can get government out of your life in the most minute details and it's simple. there is the genius of trump, is the nature of really thinking about the average person, what can the government do to make their lives easier. larry: you're right. liz, it is like, all these left-wing democrats, culinary union in las vegas, they sort of said, why didn't i think of that? we agree but trump's a convicted felon so we can't support it. the fact remains all the workers will vote for trump. >> you know what? you mentioned the gig economy. democrats are are absolutely hell bent on suppressing the gig economy. they hate it because those people, those workers typically don't want to join unions. it is very hard to unionize them. so in california and other states an effort, and efforts nationwide doing this they want to put on regulations. they want to regulate the per hour pay for uber-drivers and so much. this is so much better.

to tammy's point, it's simple. make the people whole economically by taking away the taxes. it is genius, much better. larry: i'm recommending, writing memos to the front office. all fox business hosts, tips, please. >> don't forget contributors. larry: i know. tammy bruce, some more stuff now. mr. trump goes to washington, sounds like one of those movies 40 or 50 years ago, god knows how many years ago, but in fact he is going to meet with republicans in the senate and in the house. i believe till within the first time in some formal sense, he is standard-bearer in 2024. what do you make of that? what do you think he will say? >> first of all it is important, that is what a leader does. he is embracing the fact he has a job to do if he is elected which i believe will be the case starting just next year. coming up in the blink of an eye. he is preparing, this is what the american people want, is a leader who is engaged with congress, with the house and the

senate and with the american people. but you can't start own january 120th. you must start now. part of his rhetoric reflects that as well. giving the american people a sense of what is to come, about policies, specific policies like the tip issue as opposed to vagary, saving democracy. i mean come on, the american people know about how policy affects their lives now courtesy of the disaster of the biden presidency. what he should talk to them about obviously, them being united, getting moving forward, stopping the biden agenda wherever possible because it is a disaster. making sure they know there is a leader ready to hit the ground running. larry: on that point, one of tammy's points. you can't take, what is it keeping democracy, how does biden put, you can't take keeping democracy to the grocery store. it doesn't buy anything, ever thought about that? >> can't heat your house with

democracy. larry: can't fill up your gas tank with democracy. much as we might love democracy. >> i think this is a wonderful thing he would do because the republican party needs to unite absolutely, 100%. and by the way, these are human beings in congress. they love being included in trump's your a they like being talked to, taken seriously. when was the last time joe biden went and spent anytime on capitol hill? i don't know, but i don't think he does it very often. i don't think he is capable. larry: a lot of selfies. >> oh, without a doubt. right now, trump is the leader of the party and he has to really, to tammy's point he has to solidify that. a very good move for him. larry: i think it is too. i think it will be unity, success, very wise, you will like it very much. liz peek, tammy bruce. thanks ever so much, kids. coming up here on "kudlow," mr. trump goes to washington. we'll talk about that with senator john cornyn. we also have some nasty stuff

russian related isis terrorist the creeping across the border and wrecking the united states. stick around. john cornyn up next. me? i'm kudlow. ♪. honestly, i was scared when i was told age related macular degeneration could jeopardize my vision. great. one more thing to worry about. it was all too hard to deal with in the beginning, but making a plan with my doctor to add precision was easy. preservision areds2 contains the exact nei recommended, clinically proven nutrient formula

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i had just accepted that the pain and the scars were going to be part of my life. but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another choice. gentlecure. it sounded like everything i had been looking for. gentlecure uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. i'm so glad i did it. it was successful in every way. to learn more, call today or go to gentlecure.com larry: all right, mr. trump goes to washington part three. joining us now to talk about it

is distinguished texas senator mr. john cornyn. senator cornyn, thanks for coming back on the show. you know, i just, i got a lot of things for you, sir, but one of them is texas being a border state, border state being an open border, even though governor abbott has done the lord's work. you know this story, eight illegals in isis cell. these were somehow russian-related isis illegals, floating across the border. we don't still to this day, we don't know who is coming across the border, and do you think that mr. biden's most recent executive order, senator cornyn has done one bit of good to change anything? >> it's done nothing, because it was strictly related to trying to help in the polls. this wasn't anything about closing the border, larry. and these isis-related individuals who have been, this plot disrupted by the fbi, i'm

afraid just the tip of the iceberg. the border is open to anybody and everybody who has the money to make it to the border and come across. of course the biden administration just released them, didn't really know anything about them so they didn't have any background information. that describes most of the people they released. this, i have used to say it was a matter of if a terrorist attack occurred. now i think it is a question when it will occur. it will occur. the evenly question is when. it is because of the biden open border policies. larry: as you know mr. trump is coming to washington tomorrow and he is hard-liner on closing the border and restoring the kind of order that he had while he was president. senator corn anyone, you're a veteran -- senator cornyn, you're a veteran in a leadership race, what would you like to hear mr. trump talk about to your senate republican conference tomorrow? >> well i think, i want to hear

from him is the path to victory in november. of course you can't govern without winning and right now i like his chances a lot. i also like the chances of us getting the majority back in the senate. we had the speaker come in today to talk to the senators and in the republican conference and he seems optimistic about their chances there but the heavy lifting begins. we need to pass a budget. something that hasn't happened recently. we need to save the american taxpayer from a roughly four trillion dollar tax increase with the expiration of the tax bill that passed in 2017. but i think it is really important for the president to come to capitol hill for us to become unified as we work together toward victory in november. but then, then the hard work begins. larry: senator, do you yourself favor a extension of those trump tax cuts?

>> absolutely. as you know, larry, the president, president biden said he would let those cuts expire which according to the "wall street journal," 62% of taxpayers would see a tax increase. so on top of 40-year high inflation, and people are city suffering from those higher prices on literally everything they buy, they want to compound the injury by raising their taxes too. it's just a disaster and we can't let that happen. larry: let me ask you one more, senator cornyn. i know you're in a leadership fight, or there will be one after the election and so forth. i'm reading that many republicans in your conference want to term limit the republican leader. do you favor that term limit? >> i certainly am willing, i certainly am open to that. of course each two years that we have, we do have an election, but the truth is, we've had the same leader for a long time and i believe senator mcconnell

has done an extraordinary job but now he is stepping down. we'll have a new leader of the party and, if the will of the republican conference is that we have term limits i'm certainly fine with that. larry: aren't committee, correct me if i'm wrong, senator, committee chairs are term limited, are they not? >> virtually everybody is term limited. i used to be the whip as you know for six years during president trump's time as president, worked very closely with him and his administration. i think we did a lot of good. i'm looking forward to doing that again but yes, everybody else is term-limited except for the leader. larry: we'll have to put, we're going to have to have a creative, i only got a couple seconds but we'll talk more over time a creative reconciliation package next year. >> absolutely. larry: to get those tax cuts and spending restraint. anyway, senator john cornyn, thank you for coming back on the show, sir, we appreciate it very much.

>> absolutely, larry, good too see you. larry: thank you. i will be right back with myngs last word and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. ♪ 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 ♪ ♪ at each day's start! ♪ ♪ as time went on it was easy to see ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away

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larry: tell you what, trump going to washington with, success will bring everyone together. success is the best revenn. if success brings unity and growth and opportunity. and that opens the door to liz macdonald,s who is full of unity, success, growth and opportunity. elizabeth: thank you, larry. you're the best. we appreciate you