an amazon deal is probably in the offing. they're the one to go to. it is a little expensive the fact we're looking at earnings. we think it will prointo that valuation. we that i is attractive. liz: we look at a market pretty attractive if you're in the brew chips, not necessarily heavy tech. michael, thanks for joining us. blue-chips gaining 260 points. adding to last week's 540 point gain for the dow jones industrials but a little bit of weakness for the nasdaq today and weakness for nvidia, that's for sure, down about 6 1/2%, getting close to the low much session. [closing bell rings] there is the bell. tomorrow as we mentioned carnival ceo, and will nair john paul dejoria. you have to listen to the billionaires, especially the self-made ones. that will do it for us. larry: hello, folks, welcome to

"kudlow," i'm larry kudlow. is joe biden digging the u.s. economy into its grave? we'll ask art laffer, steve moore, william shakespeare's grave digger. more on that in just a few moments. but first up with just four-days until the cnn presidential debate how are biden and trump preparing for it? fox news ashiah hasnie has much more for us. what you got? >> reporter: larry, good evening to you. we know president biden right now is surrounded by a whopping 16 debate preppers. that's a lot. his campaign says he will blow everybody away. >> you will see a very energized president biden, i can assure you of that. >> reporter: we won't see biden until debate today. instead the campaign is flooding the airwaves with new ads marking the anniversary of the dobbs decision. they're deemploying vice president kamala harris, threw shade at trump, he is

guilty for stealing reproductive rights for women. former president trump on the other hand is on the campaign trail, holding rallies. he is meeting with supporters while his campaign preemptively going after the moderators. >> it takes someone five minutes to google jake tapper, donald trump, to see jake tapper -- >> going after my colleagues. ma'am i'm going to stop this interview if you continue to attack my colleagues. i would like to talk -- >> i am stating. >> reporter: trump campaign is now even offering a few questions for president biden whether he still thinks the hunter biden laptop is russian disinformation. larry, meanwhile the white house is facing criticism over the recent promotion of staffer tyler cherry in light of some controversial things that he treated in the past including saying things like police are the direct evolution of slave patrols and lynch mobs in an effort to try to clean all of that up, he just posted on x,

that past social media posts from when i was younger do not reflect my current views, period. i support this administration's agenda and will continue my communications work, focused on our climate and environmental policies. a white house spokesman tells fox they are proud to have tyler cherry on their team. larry? larry: asia, when was he younger? how long ago was that, 20 minutes ago? >> reporter: that is a great catch. i don't know that many people caught that. i was, assume that this happened very recently, some of these tweets especially the israel-gaza treats. i don't know that he was that much younger. larry: i think it was half hour ago he was much younger. ashiah hasnie thank you ever so much. we appreciate that. >> reporter: got it. larry: folks is "bidenomics" digging america's economic grave? that is the subject of the riff. ♪ so the average voter watching the upcoming cnn presidential debate probably won't recognize

the term modern monetary theory but if mr. trump refers to unlimited federal spending, borrowing, money printing, inflating, taxing or regulating, well then, the average viewer will have an ah-ha moment. i recognize that. it's called "bidenomics." art laffer, steve moore, he will be here in just a moment, write about it in "the wall street journal" today. and the journal editorial page talks about tax armageddon. newt gingrich refers to so-called modern monetary theory as big government socialism. spot on, newt. common sense principles contradicting joe biden you can't tax your way into prosperity, nor can you deflate into prosperity or nor can you devalue your way into prosperity. that is a few thoughts any middle class voter can identify

with. mr. biden may never admit it, the journal is right, should the democrats regain white house and congress, they will hold middle class tax cuts to huge overall tax hike. left-wing luminaries like senator elizabeth warren, and ron wyden, they're in favor of imposing a wealth tax on anybody making 50 to 100 million bucks. they and many other democrats would be perfectly happy with ahn realized capital-gains tax. unfortunately last week's supreme court decision leaves the door open to that wealth confiscating idea. as we have noted, the latest congressional budget office baseline scorecard now shows two trillion dollar deficits as far as the eye can see, leading to a 51 trillion-dollar federal debt by the end of the next decade. a tidy borrowing sum, and that would get you to 122% of gdp.

in peacetime no less, without any emergency, even nearly full employment. john maynard keynes should be turning over in his grave. milton friedman has already spoken to me from his grave. even shakespeare, alas poor grave dillinger, that "bidenomics" would dig a even larger grave for the entire american economy. just saying that is my riff. alas poor york, benefits of classical education. art laffer, former reagan economist, steve moore, host of "moore money" on wabc radio. art laffer, alas poor uric, art laffer, you're a educated man, shakespeare's grave digger, arthur, that is what biden-nomics is akin to, shakespeare's grave digger, alas

poor uric. >> i do. he held the skull in his hands, larry. larry: i don't know if we have a picture of him holding the skull but shakespeare was a fantastic -- we'll get to steve moore who knew alas poor uric on first-name basis. here is what mr. trump said in philadelphia about deficits and the economy, take a listen to me. >> it was just announced budget deficit will be two trillion dollars, two trillion dollars. that is all of his green new scam stuff. making brutal inflation much worse than anybody ever imagined. i believe it is the worst inflation the country has ever had to stop biden-flation i will end crooked joe's wasteful spending and rapidly terminate the green new scam. larry: art laffer, i begin with you, modern monetary theory, what it is exactly, alas poor uric, grave diggers?

>> they can go unlimited amounts of borrowing that the markets will tolerate it at low interest rates but the problem with modern monetary theory, larry, is really very simple. if you use, borrow at 2% and use the money to create economic growth and yields of 5%, you should borrow a lot. creating profits and create a better country like we did with reagan, larry. that's right, if you borrow money, whatever price, you use it to pay people not to work, destroy economic value you shouldn't borrow it at all but they're borrowing this stuff and using it all and using the money badly and using it badly they created the biden economy which is -- amazing the juxtaposition there. nothing matches trump's first term in office until covid hit. nothing matches that. it was the best economy i think in a first term ever. larry: steve moore, let's go into this because people may not

recognize the term modern monetary theory, okay, but what you're talking about is basically endless or limitless spending. >> that's right. larry: borrowing, the other key is the modern monetary theory people who do populate the biden administration unlimited money printing, right? they argue that because the dollar is the world's reserve currency, quote, unquote, at least for the moment, we could, we could, the government could, or the federal reserve could buy all the bonds that are sold, could print all the money necessary, and that's really the clincher for modern monetary theory. they're not worried about inflation. they're not worried about regulation. as arthur said they're not worried about sluggish growth. now have they been proven right or wrong so far? >> well, it is important for people to realize where this came from. remember, larry, and arthur, when obama was president he, remember his 800 billion-dollar so-called stimulus plan with the

shovel-ready projects and it did not stimulate the economy. the economy did terrible over the next four years. they never came anywhere close to the 3 to 4% target. what was the reaction? the reaction should have been all this spending and debt doesn't really work. what they, what they came up with was this idea, oy no, ask paul krugman, they didn't spend and borrow enough money. if they just borrowed four or five trillion dollars more 2 would have worked. biden comes in and buys crackpot theory, which is convenient for him, because he wants to spend money any way, right, now we have this experiment with "bidenomics." it is modern monetary theory. the point of our piece that arthur and i wrote who have been the victims of this? well the middle class, larry, because prices have gone up by 20%. incomes are only up 16 or 17%. so the average american is poorer as a result of this. so this idea does not work. hopefully we can put it in the

grave and poor salt on the soil so the idea never comes back. one other quick thing, larry if i may. you talk about reaganomics. i agree with arthur on. you guys came in, you guys did it you were there, you cut taxes rebuilt the american economy to stop the cold war. look at payoff, it was booming economy. we won the cold war. borrowing in of itself is not a bad idea but what have we gotten with "bidenomics"? nothing. larry: by the way real defense spending under "bidenomics" is shrinking at the worst possible time. >> right. larry: you mentioned the grave with grave -- graveyard, i brought out shakespeare's hamlet the grave digger, this is that kind of stuff. arthur, kitchen table, lack of affordability, steve moore just mentioned that we talk about all the time, the other thing is the bidens will want to tax wealth

unfortunately. the supreme court in the decision last week opened the door to a wealth tax and perhaps to an unrealized tax on capital gains which is another confiscation of wealth. now i think both of those would be very harmful to the economy. i don't want to tax wealth. i don't want to tax investment. i might want to tax consumption up to a point but, investment, i mean that creates real wages. that creates productivity. that creates advanced technologies. in fact, arthur, i don't want to tax the capital gains at all, period, end of sentence! what do you think? >> you know, when you look at the thing the supreme court did, if you look at it, we have a wealth tax in this country. it is at the local level, larry, it is called property taxes. when you put a wealth tax on, annual wealth tax you can't escape, that lowers the rate of return on capital to the holders of that capital and value of the wealth falls dramatically. what you will see, with a wealth

tax is not only do you pay the tax, that's bad enough, but what you pay is what they collect. but, what happens is the value of the wealth it sell goes down by a huge amount. what we find on property taxes is a 1% property tax, a 1% property tax will drop the value of a property by about 12% in addition to the tax that you actually pay. so this wealth tax has a double-whammy. it is a tax like all the others but after the tax you don't get to keep your wealth. no, they will tax it again next year and year after that, year after that. so it has a huge asset value decline that's really terrible. larry: right. you railed against this 40 years ago, more than 40 years ago. jarvis gan, prop 13. >> yes, exactly. larry: the california state supreme court won't even let california voters today vote on another local tax limitations which is really bad. >> amazing. larry: talk about no democracy.

so you're dead right on that. steve moore, one hopes, one assumes, that mr. trump will be very facile in describing the kitchen table consequences of "bidenomics" at the debate, rather, at the cnn presidential debate. stomach knows this stuff cold, right? now, ashiah hasnie reported earlier biden has 16 advisors at camp david. you know quantity doesn't produce quality as i think you know. give me a for instance. i could see trump pounding the away on kitchen table stuff. >> well, give you one that arthur and i have talked to trump about, which is under trump real median family income rose by about 6,000-dollars. larry: right. >> used this example yourself, larry. under biden, according to the latest data that just came out the average family has lost $2100. if my math is right, that is an 8,000-dollar swing.

i'm not talking about rich people. i'm talking about people at the very top of the income scale. we by the way one other wealth tax that i think is the most immoral at all is the death tax. >> yes it is. >> that is confiscatory. it doesn't raise any money. we have one-half% of our revenues for the stupid tax. it all employs tax lawyers and accountants and attorneys. if you want more of something you don't tax it more. how complicated is it? we want more wealth. we want more investment. we want more savings. they want to tax it all. and they will turn america into california which has the highest taxes an everybody is leaving. larry: that's the model i think. that's a good point, those guys, california is the "bidenomics" model. arthur, give you you the last word. biden has 16 advisors prepping him for the debate. what if, what if all 16 are

wrong, art? what if they give him really bad advice, imagine that, huh? >> imagine that, isn't that just a shocking thought. larry: 16, everybody is wrong? >> you guys are incorrect about california by the way. you know "bidenomics" is illinois. california at least has prop 13. the one breath that keeps california from being west virginia. 16 people is a wrong thing for them to do on strategy. just basically you don't want to overwhelm the guy. don't want to push some ideas on him, you can't get it straight, he gets confused. he gets confused quite naturally. if i were the biden team i would not have 16 advisors yelling at him non-stop. that is the way to go. he should have only one advisor, one mistake to correct, one advisor's comments, not all 16. larry: alas poor urich. alas poor urich. that is the grave digger.

art laffer, steve moore, william shakespeare, thank you ever so much. coming up here on "kudlow," biden's border catastrophe is killing innocent americans. how will president trump fix that? we'll asks it with congressman scott perry and doug collins next up on "kudlow. alas poor urich, we're burying the economy into another graveyard. oh, my goodness. oh, my goodness. ♪. ... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. choose advil liqui-gels for faster, stronger

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♪. larry: all right, tragic story an illegal migrant in court today in the tragic murder of a 12-year-old texas girl. fox news's nate foy has the latest. foy, what can you tell us? >> reporter: hey, larry so the judge set jail at $10 billion for franklin pena, the first of two illegal venezuelan migrants charged with capital murder in the death of 12-year-old joscelyn nongara. the district attorney here in harris county, said this about the crisis at our southern border earlier. >> our immigration system is broken and if there was ever a case that reflected that it's this one. >> reporter: larry, today in court prosecutors revealed that pena wore an i.c.e. gps tracking

device at the time of the murder. he got it after being arrested and then released by border patrol just three weeks before joscelyn's murder. prosecutors also say the two illegal migrants tried leaving town, asking their boss at their construction job for money so they could avoid punishment. >> the boss came forward and spoke to the police. that is one of the ways that the police were able to determine where they were and who the suspects were. >> reporter: larry, prosecutors say pena admitted to kissing the 12 year-old girl and he claims that his codefendant committed more heinous acts. here is joscelyn's mother. >> she was still my first-born. i was a teen mom. i fought for her at 15. so, 27 now, i'm still fighting for her and i'm just remembering that she was a very special

little girl, that deserves her justice. >> reporter: the district attorney said they're waiting on test results to come back and if it is found that the migrants sexually assaulted joscelyn, the case would then be eligible for the death penalty. joscelyn's funeral is set for thursday, larry. we'll send it back to you. larry: all right, thank you, nate foy, tough story, very tough story. for more on this and joe biden's whole catastrophe at the border let's bring in pennsylvania congressman scott perry and former georgia congressman doug collins. gentlemen, thank you for this. you know, doug collins, this texas tragedy, this guy was a criminal, and somehow he was loose. i don't know he was released back into the interior with a ankle bracelet or whatever. i don't know why he wasn't behind bars. it was a criminal. the tragic rachel morin in the suburbs of baltimore, maryland.

this criminal in the terrible raping of the teenager in queens, new york, i mean, i don't understand how anybody can tolerate this. i don't understand why it is that the whole country isn't in favor of deporting all these criminals? i mean how do they get into this country? this texas story that nate foy reported on, the i.c.e. people knew he was a criminal and released him anyway? i don't understand that. i don't understand how that's possible. >> well, it is good to be with you but this is a sadder to. we didn't even mention laken riley down here in athens, illegal immigrant, murder. there is what happens when you have a border that is unprotected and men and women of border patrol, i.c.e. agents instead of doing their job, they're basically told to hand hold people, send them away from the border so the biden

administration can't shop pictures of people congregating at the border. this is biden administration attempt to forgo our immigration lawyers. at the same time puts the rest of country in danger. the best we're in danger of national security risk, they started farming them out to everywhere else in the country. people began to see how this over growing our system, taking our security at risk. here is the part, larry we see things like this even bad. we're not counting ones walked across on terrorism watch list or with no vetting at all. larry: scott perry, the open border catastrophe, biden's open border catastrophe, essentially created a national safety crisis, a national safety crisis. no state is safe. i mean, in the sense as others have said, we're all border states now, doesn't matter where you are geographically. let me ask you though, in washington, so biden has a

executive order. the executive order has apparently reduced the volume of illegals by about 20, 25%, but, but, but, the numbers are still running well ahead of the 2500 a day that biden advertised and said, for example, he would close down the border until it got even -- in other words, i don't see his executive order being enforced. that's what troubles me. >> well, larry, thanks for being with you. good to be with my friend doug. he and i have been in this battle for a very long time. let me just start with the executive order. it's meaningless. let's remember who too is keeping the numbers. it is the same administration that told you for 3 1/2 years they couldn't do anything about this. the executive order itself is full of loopholes. so i suspect actually that the numbers are higher but whether you're in georgia or whether you're in baltimore, by the way, the lady, the young lady that

was killed outside of baltimore is suburb of pennsylvania, just a short drive from pennsylvania and i don't know the exact location of laken riley's death, what that community looked like but it is far from mexico and the southern border. number one, it is far from the new york border but the lady that was, that lost her life that was murdered brutally just in a place called bel-air, maryland, was out on the rail trail and so when you talk about the safety and security of americans, this is all collateral damage to the biden administration, to president biden himself and to the democrats. the point is they don't care about americans and the lives of americans and the terror that americans feel unsafe to go out in their homes as long as they can continue with their agenda which is unstoppable, unbridled illegal immigration, illegal entry into our country. if criminals and terrorists have to come to get those voters, well then, so be it. if people like the, 12 years

old, larry, 12 years old. if a little 12-year-old girl or 37-year-old lady or laken riley had to lose their lives brutally for this effort, well then the biden administration and democrats say, so be it. larry: do we have the quote, trump on the kids going to school, if you get a diploma you should get a green card with the diploma? do we have that? can we play that? all right. let me just let our two congressman hear this quote, from president trump. >> what i want to do, and what i will do, you graduate from a college, i think you should get automatically as part of your diploma a green card to be able to stay in this country. you need brilliant people. larry: scott perry, doug collins, let me go to you. no one will accuse mr. trump being soft on the open border. in fact he talks in the same speech paragraph about a massive deportation program. but it is an interesting wrinkle. i interviewed him before the

business roundtable, what, 10, 12 days ago. he made this point. if you get a diploma from a two-year or four-year college, or graduate school, you should get a green card because we like to keep and attract the best and brightest doug collins, what do you think of mr. trump's idea on this point? >> i agree with you, it is not taking anything away from stopping at border dealing with up front. dealing with folks here, that have a pathway this is issue come up before. this is something before congress before but i think it will have to be narrowly defined. it will have to be in some ways looked at. we can't really do any of this, donald trump understands until we actually close the border. get a handle on all the other problems we got with the immigration system. i think he is looking forward. i think he understands the situation, but he also understands the first part you have to stop the flow at the border before anything else can happen. larry: scott perry, give you the last word, last 30 seconds, please. >> sure. larry: the deportation idea he goes back to dwight eisenhower,

general eisenhower, president eisenhower, the deportation idea, when you poll on this, as you know, scott, is very popular. when you see these horrible, hideous, monsterous stories in new york, in maryland and georgia and texas and so forth, deportation of criminals is going to be a big issue, don't you think? >> well they shouldn't be here in the first place. not only are they preying on american citizens who are just trying to live their lives, but then we have to incarcerate them and pay in our taxes to keep ourselves safe from people that shouldn't be here in the first place. larry: yeah. >> so i think that's why it is very popular. we don't want to be afraid to go out of our homes at night or in the day in our own communities. many americans tell me they're afraid. a lady that served me lunch today, told me she is afraid to live in her own country. that is ridiculous. why the deportation issue of these animals and these criminals is so popular. larry: all right. thank you, gentlemen.

congressman scott perry, and doug collins, we appreciate it very, very much. coming up here on "kudlow," the biden white house may have just been caught in oil permitting and leasing lie, flat-out. the numbers are stark. we'll talk about it with senator john hoeven from the oil state of north dakota and a good friend. i'm kudlow. we will be right back. ♪. in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.

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larry: so the bidens may have been caught in an oil permitting leasing drilling lie, an outright lie. joining us now to talk about it my good friend north dakota senator john hoeven, north dakota being a great oil state. senator hoeven welcome back, sir. it is way too long. just reading this story, i don't know if you looked at this story, all of sudden they overestimated what the bidens permitting was permitting, ha, ha, and underestimating what trump is doing. i have some numbers here, just

from news reports. mr. trump allowed 10,795 leasing/permits okay? whereas the bidens only permitted 6700. that is a big difference. they have been saying all along biden allowed more than trump. i don't know how you get that except the bureau of land management in the interior department was telling shall we call it a big fib. what do you make of it, senator? >> it's unbelievable, larry, absolutely remarkable and we're going to go back to secretary of interior haaland and blm director manning demand these numbers. the house natural resours committee turned this up. the biden administration officials have been consistently telling us they're doing more leasing. they are not only inflating their permits to drill, they're also grossly inflating the number about of leases available right now to go ahead and be drilled. that number is a lot lower too.

so what in the world is going on here? unbelievable and, yeah, clearly this is something that in the senate energy committee we're going to look into. larry: i mean at one point, senator, correct me if i'm wrong, at one point the bidens, a court, had to stop, i mean they had to issue a new order, the bidens weren't going to do any leasing whatsoever and the court had to step in say, no, no. in other words there was going to be a moratorium on leasing, if i'm not mistaken and a court had to step in? do you remember this business? >> sure. you're exactly right. president biden put a moratorium on new leases when he came into office. as you said the courts have overruled that. they still haven't proceeded offshore. they're just barely starting up again. here we're three years into his administration and he has been ordered to do it by the courts. in addition, a flury of new regulations and increasing both

the fees and royalties to drill. all of these things make it harder to produce more oil and gas. larry: apart from the fact, not even including closing down alaska, closing down new mexico, closing down the gulf of mexico as far as i understand it. i mean, you just can't make this stuff up. now i'm sure trump will call biden on this in the debate, if and when it comes up, but i hope you all do investigate this. the other thing is, that is so interesting, senator hoeven, you know, bidens always talk about middle class this and middle class that. but in fact this is a wonderful thing. the university of california at berkeley, of all places, okay, that is what is so great about this study, their business school has just shown the green new deal, the misnamed inflation reduction, all those subsidies for evs and whatnot, by far benefits rich people.

only 10% benefited middle class and 60% benefited rich people. all these green subsidies, from the ucal-berkeley business school, not exactly a right-wing haven of supply-siders. >> that's right. the inflation acceleration act as i think what they should have called it did just exactly that, something like, 80% of the green credits sold for like evs, the electric vehicles, something like 80% of those credits went to the top 5% income inners and 50% of them want to the top quartile. these folks obviously can afford to buy their own electric vehicle if they want or put some of the, you know, some of the so-called green new energy saving type, systems into their house, they don't need a big government subsidy to do that. i think it has been more than $50 billion. it is just absolutely ridiculous

that it is going to the wealthiest people. furthermore, you know, talking about low income individuals, remember, by holding up the energy production, putting the handcuffs on our energy producers like the biden administration is doing, what do they do? they drive up the cost of energy. right now brent crude, $85 a barrel. west texas 81. you know who that benefits? russia, iran, venezuela at a time when they're funding terrorism and funding war against you know our allies, frankly and ourselves as well. larry: yes, sir. >> with what these -- larry: yes, sir. >> it is funding -- [inaudible]. not just making low income people paying more, subsidizing wealthy people, look at impact in terms of the global situation, what is going on in the middle east for example. larry: yes, sir. senator hoeven, thank you, sir. we appreciate it. hope to see you soon. >> thanks, larry. good to be with you. larry: all right, folks,

actually mr. hoeven mentioned how young people hurting by this. they don't want evs. this is another young voter story. they don't want the biden electric vehicles. they're getting clobbered by housing costs. they're not going to vote for biden, at least that's what polls say. giano caldwell fox news political analyst, founder of the caldwell institute for public safety, and alec lace, host of the alec lace show and american flag ties. welcome back. nice going, alec. we appreciate it. put it out there. don't hide it. >> there it is. larry: gianno, i do want to start with you, read the very good editorial in "the wall street journal," but we've known this for a while, polls show young people are desserting biden. they don't want electric vehicles. they can't afford them. you can't resell them. you can't pay the insurance on them. the other problem is, to relate these stories, young people have given up on the american dream

of owning their own home. home prices at record highs. mortgage rates twice as high as they were four or five years ago under trump. what's up with this? >> they're doing the right thing by giving up on this guy. he has been trying to buy their votes with student loan bailouts but not everybody has student loans. the truth of the matter is, the biden administration is disasterous not just for young people but all americans, especially considering the fact many young people graduating from college, living back with the parents. that is not a life many would like to have, but that is reality. inflation is heating up, even if you're a wealthy person, things are still more expensive to you. it makes sense why they're jumping ship. larry: you know, it is very interesting, long time ago when i worked for ronald reagan, reagan ran against jimmy carter and young people voted for reagan, not carter. young people are supposed to be much more liberal, but as it turns out both their pocketbooks and wallets not so liberal. we're seeing the same thing

again. i know real incomes have gone down. the ev thing is so interesting. it is too expensive, right? if you own one you can't sell it, you lose a the love money. you can't pay the insurance on it that is new beef, the insurance. why is that? i thought young people loved the whole climate green new deal thing, alec, what happened to that argument? >> young people like a cool looking car. that is what they want to have. they're not looking for a plastic ev car to find filling stations scattered around. my son just turned 18, graduated from high school. his first year of voting. telling him when i was his age, had a studio apartment, working mechanic up in the bronx. one week salary paid for my apartment. i was chunked up for 18-year-old. he is not that situation here. he has to make 3 grand a week to do what i was doing when i was his age. he is 18 years of age. there is no chance in heck he is the verying for anybody but donald trump in navy. larry: just to come back,

gianno, owning your own home is part of american dream. >> yes. larry: young old, young old. all the people who have a home are benefiting from high is prices get that. young people don't have a home are getting hammered by high prices and high mortgage rates. >> that is the point here, the high interest rates is one factor, affordability factor isn't there anymore. you think about the fact in many cities, you have got prices on rents are through the roof. so they can barely afford to go rent an apartment. in some cities, some landlords are getting increased costs they're going up on rent every year. what does that leave them? doesn't put them in a position to advance their livelihood, unless you get three or four jobs. young people also like to use their extra income to go on vacations, do these different things. that is why we got over a trillion dollars in credit card debt right now, people are trying to keep up with the same times when trump was in office and the economy was great.

people felt it was great. now they don't feel it so much. larry: thank you. i want to go back now, this whole business, this so-called neo-nazi controversy that trump supposedly promoted this extremist thing is a fluke, a left-wing fact checker finally came out and told the truth four years later. it is actually the controversy started what, in 2017 as i recall. so it's six, seven, eight years later. we're going to put a pup on the full screen. here is what mr. trump said, quote. i'm not talking about the neo-nazis, go ahead, ral this thing so i can read it, the neo-nazis and the white nationalists because they should be condemned totally but you had many people in that group other than the neo-nazis and white national its. alec, i will go to you on this story. joe biden may lie about this again in the debate. this should prove conclusively

that trump ruled out both of those too extremes. never ever supported neo-nazis or the white supremacists even though democrats have said this. this is 2024. for seven years they have made this charge, what you think. >> most of knew this seven years ago we watched it happen live, larry. what the left always accuses the right of doing is what they're doing. this is what they mean cheap fake. karine jean-pierre, right-wing media is making cheap fake. we need to make a cheap fake biden falling on stage, falling off bicycle, falling up the stairs, taken by the hand led around the stage. the cheap fake, this is cheap fake. larry: this is vicious lie from day one. vicious lie. we don't have much. this was a vicious lie about trump. it is not the first time they have tried to pull this. we'll see how this turns out in the debate, whether biden continues that lie or not. called called, thank you, alec lace, thank you, american flag, thank you for that.

coming up folks, will supreme court this week grant trump presidential immunity? does jack smith have a shelf life, south florida or washington, d.c.? we have andy mccarthy coming up next. i'(♪m kudlow (♪) (♪) the day you get your clearchoice dental implants makes every day... ... - mm. [ chuckles ] - ...a "love my new teeth" day.

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larry: all right, joining us, andy mccarthy, fox news

contributor. andy, we're short, i apologize but let me just ask you this. is jack smith's special counsel appointment status in jeopardy in your judgment? >> i think it is, larry, because under the constitution's appointments clause, if he is an inferior officer of the united states, which is what he claims to be, that's a position that has to be created by an act of congress, which hasn't happened here. he's appointed under a regulation of the justice department. larry: so he would have to be approved the senate, is that the idea? this was michael mukasey's friend of the court suit? >> yeah, there's two kinds of officers. like the attorney general, for example, all have to be appointed by the president and confirmed by the senate and then congress can create inferior officers and prescribe how they are to be confirmed or qualified and very often, they say senate confirmation, but

those positions have to be created by statute and again, smiths was not. larry: and the other one just quickly, and we thank you. supremes will come down with something on the immunity issue. this , i presume this week? >> sure looks like it, yup. i expect that they are going to find some scope of immunity. it might not cover everything that's in washington indictment but i do believe they will find some scope of immunity. larry: that will slow down the j-6 trial process? >> it depends, larry, on whether jack smith is willing to go to trial on whatever the supreme court says is not covered by immunity. if he's in a hurry to get to trial, there will probably be pieces of his case that could go to trial prior to november. larry: timing of that could be this week, andy mccarthy? >> yes, three days, larry. wednesday, thursday, and friday, they are issuing opinions,

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