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tv   Kudlow  FOX Business  July 11, 2024 5:00am-6:00am EDT

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he created many troublesome legacies with regard to his antisemitism and his terrible treatment of his son and the lack of of clear succession within ford motor company. but all of that said, he changed the way people travel. he changed the way people live. (awe-inspiring music) he created what we associate most specifically with a modern life. the ability to move around quickly and privately in these things we call automobiles. - [narrator] in the end, henry's deepest dream holds true. his dynasty endures and his family retains control of the company he once created from scratch. larry: hello, folks. welcome to kudlow, i'm l arry kudlow. all energy was with president trump last night at his rally in miami.
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he is sticking to his growthier america first message. congressman mike waltz and carlos himness we jimenez were there and they will join us. mark is joining us with details. reporter: good afternoon. former president trump is days away from announcing his vice president at pick, and everyone is trying to see if trump's schedule or rally locations will give us an idea, last night in doral, florida, trump made several mentions of florida senator marco rubio. trump also spent more time talking about democrats hitting vice president kamala harris who he could faceoff against in november. >> radical left democrat party is divided in chaos and having a full-scale break down all because they can't decide which of their candidates is more unfit to be president.
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sleepy crooked joe biden or laughing kamala, if joe picked someone half way competent they would have bounced him from office years ago but they can't, she has got to be their second choice. reporter: trump campaign talking about the vice president today, fox learns that florida governor ron desantis will have a speaking role next week at g.o.p. convention. >> former u.n. ambassador nikki haley will not be at next week's convention, trump said he has bad blood with her after she stayed in the race for several months, for trump no rallies or stops today but he will be in pennsylvania saturday, not far from ohio border. larry: all right mark meredith thank you. >> give biden the union elites and mr. trump takes
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the rank-and-file. that is the subject of the riff. so joe biden met with afl -cio union leaders today repeating his boast he is most pro union president. so you say. we shall see. in fact, the liberal left wing union leaders are lining up for biden, you can bet that donald trump is going to take a record share of the rank-and-file. actually, teamster president sean o'brian will speak at the republican national convention in milwaukee next week. he has 1.3 million members and i'm guessing that trump is going to win a big majority of that group. here is what is bothering the teamsters. and the rank-and-file of other unions. joe biden has created an affordability crisis for the typical working families, their kitchen tables have been squeezed by 20% rise in
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overall prices during biden's term, including 20% hike in grocery, and 40% rise in energy, and gasoline still 3.50 compared to just over $2 when trump left the white house. looking at the actual numbers average weekly earnings, during mr. trump's term rose 5065 dollars to 65, 216. through may 20er two 24, during heare mr. biden clerm saterm, the same earning declined. biden has given working folks a pay cut. whereas trump, gave them a sizable pay raise. ronald reagan called it take home pay. that has been soft under belly of the biden economy
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for three and a half years, that is why he is losing votes, among union and nonunion workers, the numbers are backbone of mr. trump's working class coalition, including blacks and hispanics and whites and young people, a powerful move. listen to president trump on this last night. >> every day we're welcoming more americans to the ranks, african-americans, hispanic-americans, asian-americans, young people, old people, union members, nonunion members. basically everyone is joining our movement because it sait is a movement of common sense. larry: and while ultra liberal union leaders stan behind joe biden's open border illegal migrant cat acatastrophe, rank and file family want end to criminal gangs add to that auto workers union, a very liberal left leadership, but
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workers themselves, are furious at green new deal and ma mandated electric vehicles that will create jobs in china and lose jobs in and none of these folks likes woke ultra liberal values of joe biden and his crowd. typical mainstream working families they don't like the anti-religion bias of the bidenned or dei regulation. affecting every, and every worker, nor do they like gender sex mandate in schools and teacher and exricurriculum. trump would turn all of that around. ending ev mandates opening fossil fuel spigots to slash energy costs and inflation. cutting middle class taxes
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protecting american industry and its workforce from unfair trading practices. so biden will win the union leaders, okay. but trump will take most of the rank-and-file who go to work every day, play by the rules, work with their hands, and proudly wear their hardhats, you can bet on that, that is the riff. all right, joining us now florida congressman michae mik waltz and carlos jimenez. how was it did you hear the message, i call it growth ier, what do you think michael? >> i think you spot on, they are not just 10,000 people sitting in an air-conditioned tent they were in miami sun in july
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for hours just to see president trump's vision and these are people as carlos well knows as cuban-american have seen the face of socialism and they still have families in cuba and venezuela, you name it, they were fired up, counting days until november. we have first with baron trump, he is 18 and new nickname laughing kamala, a favor cackling kamala, but, new nickname are in cam lark we'll see -- nickname for kamala. >> carlo carlos gimenez welcome. is he carrying south florida or miami-dade.
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>> solid with cubans and hispanic communities. those that fled communism and socialism, i think he will carry south florida, he will carry florida. and i do believe he will be first president republican candidate in a long time to carry miami-dade. i know desantis carried miami-dade for 20 years, i think trump will follow it up. in miami-dade that is historic ask that will propel him to a huge victory in florida. larry: mike waltz did senator rubio speak? >> he did. he gave a great speech, and the warm up as did representative gimenez and other members, he was fired up, gave the speech in english and spanish. got you know, 100% behind president trump's vision, we introduced party platform.
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the president personally edetted edited twice, senator blackburn and i got that through the committee in milwaukee, we're unified, i could tell you, seeing democrats right now it looks like a funeral here they are coming apart at scenes. >> low energy. are to follow follow-up michael waltz, i think i heard on report mr. trump spoke highly of senator rubio did he not? hint, hint? how did you read that. >> i read it that way too and a couple00s during his speech saying he needs certain laws to be passed with maybe marco rubio would not be there to pass the laws. he would work on it in some other capacity, marco rubio would be a great vice presidential pick. i have known him for a long time, he is -- he will bring
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more hispanics to the republican party. he will add to the base. and i think he will make a great vice president, if chosen by president trump. larry: we have great veep candidates. he has said anything. neither will i am i don't know a thing, you are terrific, sorry we're pressed for time because we have mr. rubio on. and we also have mr. burgum on. another veep candidate. carlos gimenez. >> we have a great bench, larry. >> michael waltz thank you. >> take a listen to what president trump had to say last night about democrats and their policies. >> the biggest problem is their policies are no good. their policies are horrible, americans want strong borders not open borders, we want low tackings not high tax -- low taxes not high taxes, not all electric cars and green new scam.
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above all we want america first. not america last. larry: all right america first, not last. a growthier speech, my new favorite word. back to days when i was in government. joining me new doug burgum,ed in governo north dakota governor, one of the leadives -- governor burgum, one thought. there is so much energy right now, i think, first, president trump always full of energy, second from top to bottom republican party has so much energy, you can see it, you can feel it. and it is funny senator lummis talked about it last night, how much energy, the other team is -- mr. burgum, they are moping and whining and low energy. low energy everywhere you
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look the they are not going to have a real convention for heaven's sake it is virtual, virtual low energy, what does that tell you about politics today? what conclusions would you make? >> well obvious conclusion is how strong trump is and how -- what a great job he has done unifying our party. and you talk about it with pro growth platform, nothing is bringing america together more than fact that his policies reach across party lines they touch anyone who works if you are an independent or democrat but you work and you have a paycheck, you are better off underring presid urge preside urngz preside under president trump policy. you talk about his knock out in debate this was something that was formed in 2020,
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cobbled together with a group of special interests with no real center when they lost their candidate they don't know which way to turn, president trump has a plan that is good for america and good for workers, lower taxes, lower regulation, strong on the borede border, as a be person, i feel growth is a choice, if we wanted to grow faster in the market it was a choice. president trump putting out a plan that will allow to us choose to have greatest economy in the world again. larry: don't you think really, when you get down to brass tax, when you look at numbers, the kitchen table numbers. workers had a pay cut under biden, workers had a pay hike under trump. right there. plus and cost of living has gone up so much under biden and cost of living virtually flat under trump. i mean, am i out of line? i'll give the union leadership, not so much time
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steres, but other -- teamsters but other leadership i give that to joe biden. those are union leaders, but i think that rank and file will go to trump, union votes, trump will get rank-and-file union votes what do you think? >> i think that is true, i have been you know campaigning for president trump across what they call blue wall. michigan, wisconsin, now minnesota. if you work -- if you are a union worker or nonunion worker in those states, you understand you got a paycheck that does not make it to the end of the month, if you look to joe biden's policies, they are -- electricity prices up 30%, their response? let's shut down more power plants, president trump when he wants to talk about unleashing american energy not just oil and gas but giving us electricity we need to bring manufacturing jobs back to america. electricity we need to win ththe a.i. war against
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china, china is building two coal plants a month, they have0 hundred in line to be permitted. if we have a leed lead in a.i., they could help us but we can't beat china if they have the power to drive the new technology and we don't have power to keep the lights, that cell happen with joe biden. larry: we have two other initials ev . i think auto workers union whose leadership is very far to the left, and has been for a long time, okay. but those auto workers know as long at electric vehicle mandates and charger mandates and all that stuff, as long as they are around they will lose jobs, because gasoline powered engines will go the way of horse and buggies. they know that jobs will go to china, they know their
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jobs will be extinct in just a few years if biden is reelected. i think that trump will make enormous inroads, auto workers in great lake states michigan and wisconsin, and illinois? and whatever el, ohio. what is fertile ground for donald trump. >>iace, and when you called it but just simple if you or team ev, you are on team china, only way that works is buying batteries and china. if you are on team liquid fuels you are pro usa farmer and pro usa oil and gas, and pro usa owners of gas stations here. you don't -- we built 300,000 gas stations in america with market back in the 20s, 30s and 40s. we don't need federal sou subsidies for electric
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charging stations that will bankrupt us. we could get that for 1:15 the price with liquid fuels. larry: got it governor doug burgum thank you, sir, short notice, we're grateful for your appearance, good luck to the campaign trail see you in milwaukee. >> on kudlow, breitbart's john carney says, inflation election will favor trump. and his growthier platform, we have john carney and we have great steve forbes here on set, i'm still kudlow, a lot of energy, growthier, tune in next week, kudlow will be live from milwaukee. at the republican national convention. starting monday july 15, at 4 p.m. eastern. right here on fox business. i'm kudlow be right back.
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larry: "new york post" says that trump shaped g.o.p. platform, is an rx for economic boom in the wake of biden disasters. joining us now to talk about it john carney, breitbart economics and finance editor
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and steve forbes. editor in chief. also editor of the daily breitbart business digest. how about that, i am a daily reader, okay. thank you. steve forbes. it is a pro growth platform. or do you see problems with it. >> you can find problems with any platform, it is talking about growth and optimistic future instead of saying that the world is ending. people know dollar there are troubles in the world they want to know what you will do about it. how about a military that could meet our obligations in the world and preserve our freedoms, instead of being gutted. biden proposing cuts defense budget, every budget he submits while work gets more dangerous, that is reckless and criminal. larry: after onerous cuts.
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john carney, old supply side adage, i am an old supply cidersider. if you cut taxes tax rates, and then deregulate also, but part of this is, strong dollar, i heard trump say it nobody believed me. trump wants dollar to be world's reserve currency, i will say, lower tax rates, and king dollar is a prescription for growthier growth without inflation. >> one thing that struck me this week with a big boost in the small business optimism index, that is because of everything that has gone wrong for biden and right for trump, why are small businesses more optimistic now than a month
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ago? it is because they see the election coming, and they think they will get relief on taxes, relief on regulations. a few month ago a lot of these guys said we'll get hit by the biden taxes by even more regulations. now they see the relief coming, they can look in platform and say yes, we'll get growth again. larry: steve forbes, you are a hawk on the dollar, as i am for years. what did you think of clause in the platform, that says, he wants dal o dollar to remain world's number one currently, you had a lot of shenanigans with china an yuan and russia and so forth. >> the fact that in the fo it is in the platform is remarkable. that came out of belief.
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strong country has to have a strong currency, john kennedy made that point in early 1960s and president trump recognizes it as well, they go hand in hand, ronald reagan recognized it. one thing that this week was listen to jerome powell do thatsome befo testimony before congress, reiterating the phillips curb nonsense, if you want to conquer inflation you have to slow the economy down. bologna, you have to have a stable dollar then economy is grow busters booming. >> john carney, you are writing in breitbart business digest, inflation electiontio will favor republicans. >> you ask american voters who they trust on inflation they trust donald trump far more than joe biden. for a simple the reason, we had almost no inflation when donald trump was president. and we have record high
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inflation the worst in 40 years while joe biden is, joe biden has within telling us inflation was over he would solve it, no, it is corporate greed, it is putin, he makes every excuse in the world, it got a little bit better but we're still above 3%. when they say he brought down inflation he brought it from 9 to 3, still higher than trump. you talk to anyone they will tell you. larry: a shrinking kitchen table is what you have. >> with less food. larry: good point. >> inflation numbers don't include when you pay on interest. larry: right. >> 70 2 25% credit card rates. steve forbes, i have to ask you, you were a small wor stall worstalwart that joe biden would not run at head
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of ticket, i thought monday biden put an end to it, but watching politicians waffle and waive iri'm n waiver. in 15 seconds where is steve forbes now. >> biden will be off the ticket, and hounds will not stop until theyit eat him up. larry: i knew that was coming. john carney and steve forbes, you are fabulous, coming up we'll ask senator rand paul what he knows of president trump's growthier prosperity platform on kudlow, then the the sag av jsaga of joe biden, em,i knew
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larry: all right welcome back. senator -- kentucky senator, rand paul. welcome back. so, you now seen president
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trump's platform, i want to be whabe -- know what you thought. >> there is a lot to be liked about it, anything that includes tax cuts regulatory restrain all those would be good. we did it in 2017. under trump administration. and republican congress. and you need all three you need house, senate and presidency to get anything done. we did that with all three. we had most significant tax cut in a decade or 2, we had great lingers affects but we have to not do is not shut down the economy. we can't have massive covid type of spending and borrowing, if we don't do that and stick with tax cuts and recession -- regulatory reform and repeal i'm all in. larry: one of the key themes besides economic growth. there is a growthy
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document. but also, he wants to curb inflation said time again, to me these are rand paul themes so i'm going -- you know what is coming i'm going to ask you when you are going to endorse mr. trump, he has given his whole strategy to rand paul themes. >> i am ec i acue nam call. >> we have calling everything biden -- it has to be financed a third of our debt is bought by private investors, about a third by foreign country, and a third purchased by the fed, 8 trillion under trump is a part of contribution to anonymouses in, th inflation they did and fuel the inflation that came.
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and biden has made it worse. we have to admit that both parties need to do better, whether they stand up and say we're not going to look at reforming entitlements, that is 2/3 of spending, and then they say wil we'll not touch military that is half of remaining spending what is about 16% of the spending. so we want to be honest, and document and platforms are one thing but have do look at spending across the board. this is why i have said overall if you care about inflation and debt, it needs to be across board everything, it can be small, one or two. but it has to be everything, then explain to american people that the medicare budget is a trillion we could cut 1% of waste of medicare budget and not cut anyone's healthcare. larry: i don't have agree with some of your debt numbers, i will put it aside for a minute, you have a clear choice between a big
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government socialist administration, that will get worse if joe biden is reelected. and you have a choice between that and what is essentially a free market administration. that says there is less government. >> you are right, you are right, you are right. larry: i am just waiting for the rand paul endorsement for donald trump on that basis, because those are things you have taught me down through the years. >> you are right. and there is no part of me that would consider joe biden, i will not vote for joe biden and all likelihood i will be votes for donald trump. the difference between voting and supporting and endorsing and i need to be more convinced that we're not going to make the same mistakes and everyone says, the lockdowns were a mistake, and passing out cheggs to everychecks to everyone of a mistake, and giving businesses to everyone was a mistake, it was a terrible thing we d i was one of few republicans that refused to get involved with lockdowns and spending, i voted gain every bit of it
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-- against every bit of it. and but, we have to acknowledge that and own up that entitlements are part of the problem i'm looking for more honesty and people who really believe that deficits are a problem, is there any comparison? no, don i donald trump is way bitte -- is way better than joe biden, i want to hear more from former president, i'm open to hearing it. larry: i'm sure he will talk to you, growth dissolved debt who said, that i said that. sensetor rand paul, thank you, sir we appreciate it very much. >> joining us now, distinguished panel joe concha, and david webb. and mark simone.
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listen to miss nancy pelosi. >> does he have your support to be head of democrat -- >> as long as president has -- it is up to the president to decide if he will run. we're all encouraging him to make that decision. because time is running short. larry: that was almost as bad as rand paul not e endorsing trump, i would sat say she threw herself in biden's arms with that, it is where she said that, msnbc "morning joe" biden's favorite show, i never understand that whole process. it is on at 6 a.m. he is not watching it. between pelosi and clooney, the dam keeps breaking for joe biden, but he keeping pushing back and a i'm not
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going anywhere. larry: i thought that issue of twas dead in the water. all of a sudden you are right, clooney and pelosi and other senators, and you had backbenchers and little backbenchers coming out, bennett from colorado, says it will be a landslide for trump, i think if the vote were tomorrow it would be true. david webb your call? will biden be the democratic nominee. >> unless he is incapacitated and cannot get out of bed at te at 10:00 a.m. larry: unless he can't get out of bed. >> that is where the bar is now. >> the bar on hospital bed. >> all seriousness. you are killing me. >> yeah, i can't there. i went o he has always been, we know it from 50 years, he wants the tile e title, he wants
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his portrait on the wall for two terms and his 24 hours in rotunda before they hustle him off to whatever cemetery they choose, this is who sh he is, he has always wanted it, he was willing to planni plagiarize and lie, play to any group. lift wing progressive climate change hoax. he wants that title, then he has jill biden, jill loves being there jill biden is the crew a cruella deville of politics, she is in charge. >> the edith wilson. >> woodrow wilson's wife, she ran the country for last two years. during your sophomore year.
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larry: i was a young research, jill biden is edith wilson. mark simone, there is too much funeral music here, he will be vice president on republican ticket. >> i went through them all, i have watched trump for 30 years in his business, he hires, young hotshot never gets the job, jd vangs, vangs -- jd vance, he does not hire guy guys with beards, burg ru burgum that problem is strict ban on abortion to burgum's state, i think it bridges thbrings that issue up, i think ben carson, he has
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greatest temperament of any politician and think about joe biden and his condition running against a brain surgeon. >> you set that up. >> that was very good. >> i am out of time. 5 seconds joe concha. >> marco rubio, live the fact that we have turned this to apprentice where trump stretches it out to the end, but instead of a rose you get a red maga hat. larry: 56s. 5 seconds. >> nobody knows but donald trump, no body knows. >> i love ben carson, he could make a real cutting edge analysis, [laughter] joe concha, mark see simone and david webb. >> marco rubio who was a leading light at the trump rally in miami, flood in laflorida last night, senator rubio will join us here next on kudlow.
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larry: senator marco rubio was a leading light at trump rally last night in miami. higthank you, mr. trump
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spoke glowingly of you, before that, i want to ask, you read the platform. it strikes me as a really growthy oriented platform. which is what country wants, what the middle class folk want, what do you think about that? >> it see pro growth platform, a pro prosperity platform, we want more americans to have more money in their pocket at the end of the month to save and. it reflects that, alternative is democrats, you have seen poured a bunch of money into our economy chasing green new deal proposals, leading to higher interest rates that made home ownership the least affordable in almost 40 years, a platform we having proud of. larry: it will curb
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inflation that is emphasized. curb spending. you know i think those are a little bit different from what he ran on in 2016. or even 2020. and, of course, a lot of deregulation. we have -- i think whole country needs to be deregulated, i think washington d.c. needs to be deregulated, the swamp does. >> what happens with the regulations, congress will pass a law then tell agency write the rules to implement it, they write the rules they write the law, then they get to implement and decide what that means. we have seen that happen. no one is against making sure that airplanes don't crash or making sure your food is not poisoned and mi medicines you take are what they say it is, the problem, when it goes it door far, people who have money to
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vest said we go to some other country where environment is less, onerous you saw we had a real economy boom with tax cuts from president trump and deri deregulation, had not been for pandemic. larry: also, in the platform, it protects the american worker. protects them against unfair trading practices. and i know you have been kean on that subject, i want your thinking on it does platform satisfy you? and how far should the u.s. go? protects against unfair trading practices? >> well, there are two things tied to trade, first thing is we have to -- need to be pro american job policymaking body. it is a critical -- good for own country to produce good stable work that allow
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people to start families and buy homes and invest and be a part of vibrant communities we need industrial capacity to provide for national defense, if we can't grow our own food and make our own equipment, you are not able to make ships and planes that you need to defend the country, we win world war ii. we had industrial power. it was our industrial power that came in to play and allowed us to tip the balance and save the world from nazi, we can't forget that food security is a part of national security. >> mr. trump you know he spoke highly of you last night, i didn't see the vigil. >> better thannallar the alternative. larry: i don't know if he put his arm around you or not, sounded like a love in, everyone knows you are among
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final group to be vice president. let me ask you our own brian kil kilmeade he asked mr. trump, you are both from florida, does that prevent you from being veep, trump said no but it complicates it senator rubio, is there a way to uncomplicate that. >> i think that people know the answer. it happened before, not without precedent. it would be presumption. here is the thing, president can't make a wrong choice, the question is making the choice he feels best about, that does not mean any other are bad, i don't know who the finalists are, i read press like anyone else, jd vance is a bright new star, and governor burgum has a good record as governor, a nice man and a good person, and list goes on tim scott,
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my colleague, a super star he brought opportunity joneszone, life changing for million, president will take his time, he does not need to make a decision, he needs to know by monday next week when convention convenes, he has time. i think he is playing it right, and i think only he knows who the write choice s he -- right choice is, he will make the right choice, he has no bad choices before him. more than people we read about. larry: if he asked you, you would say yes? >> i am think at-this-point in history, given all we've gone through if someon someone has an opportunity to serve, unless there is a the reason you can't, you almost have to say yes, especially if you care about public service, i want to do whatever it takes to help him win, we can't afford another
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larry: that's it for kudlow, thanks for watching, folks.

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