goldman sachs, they're the biggest laggards on the dow financials. yes or no, you like 'em? >> we do, we do. as you see a selloff in these tech names, if that continues which we expect it very well may, you're going to see money flow into financials, into health care, into industrials, into these -- liz: okay. well, it's great to see you, greg. thank you very much. major averages get slammed. the dow down 519. that's going to do it for us. "kudlow" is next. ♪ if. ♪ ♪ larry: hello, folks. welcome to "kudlow," i'm larry kudlow. former president trump gives his key note speech tonight to the republican national convention, and literally i believe the entire world will be watching. speaker of the house mike johnson will be here visiting us on that and other points as

well. and we think the trump strength and trump tough is what the country needs. that's the subject of the riff this evening. ♪ ♪ larry: all right. we've got a little music background, but we're used to fit here on on the "kudlow" show. as soon as i show up here on the balcony if, they start playing music. so here we go again. all eyes are going to be on president donald trump tonight as he gives the keynote peach at the republican convention here in milwaukee and as he accepts his party's third nomination for president. it will be will be mr. trump's first speech since the horrific assassination attempt on his life where god intervened to prevent the unthinkable from happening. i was saved by the grace of god, the former president has said. my guess is virtually the entire

world will be watching this speech. and my expectations is that mr. trump will continue a theme he was developing before the assassination attempt, and that is successful, common sense policies will unite the country. here, take a listen to how the president summed it up before this assassination attempt. >> every day we are welcoming more americans to our ranks, african-americans, hispanic-americans, asian-americans, young people, old people, union members, non-union members. basically, everyone is joining our movement because it's a movement of common sense. larry: additionally and very importantly, mr. trump may well speak about his personal feelings after the horrible assassination attempt and how providential interference may have if changed him.

everyone will be looking for those things. now, in terms of his policy messaging, i'm going to go back to the platform which i have said before is the growthiest platform in over four decades, hearkening back to ronald reagan. tax cuts, deregulation, drill, baby, drill, secure the border. here, take a listen to it. >> the biggest problem is is that their policies are no good. their policies are horrible. americans want strong borders, not open borders. we want low taxes, not high taxes. we want american energy independence, not all electric cars and the green new scam. it's the greatest scam. above all, we want america first, not america last. larry: by the way, mr. trump's speech was previewed by senator j.d. vance's vice presidential acceptance speech last night where mr. vance emphasized his hard-scrabble background, his rah marine corps service and his

reaching out to working families. take a listen to it. >> the lack of good jobs, of course, led to stagnant wages. and hen the democrats flood -- and then the democrats flooded this country with millions of illegal aliens, so citizens had to compete with people who shouldn't even be here for precious housing. joe biden's inflation crisis, my friends, is really an affordability crisis. and many of the people that i grew up with can't afford to pay more for groceries, more for gas, more for rent, and that's exactly what joe biden's economy has given them. larry: all right. powerful stuff. perhaps more than anything else, donald trump's going to be standing in front of the gop convention on his feet with plenty of energy can and with a message that is wildly popular among voters. the joe biden democrats have attacked him, impeachedded him, weaponized the justice system with lawfare against him, tried

the bankrupt him and then some crazy kid actually tried to assassinate him. but mr. trump will be there tonight standing tall, with strength and toughness for all the world to see. i call it trump strength. i call it trump tough. and i think it's the kind of leadership that all of america and america's friends around the world are yearning for. and that is my riff, all right? we're going to take a break. we've got speaker johnson right here, let's go straight to fox news' aishah hasnie who's going to bring us up to date on some of the news. what's cooking? >> reporter: larry, good to see you. it's not just about the words that are going to come out of the former president's mouth, it's about the image of seeing him there on stage the that so many of these delegates are so looking forward to. we're getting the first details

of what we can expect tonight. with we know that ufc president dana white will be introducing the former president onto the stage, and we're also learning that the former first lady, melania trump, as well as jared and ivanka kushner will be in the family suite watching as the president starts to speak. and he is going to address the nation for the first time in person since that assassination attempt. here is alina habba, his attorney, talking about how the president has been feeling all week and how he's feeling going into this. >> he's grateful for life, he's grateful for the support of all the americans that have been out here at the rnc. he feels the energy, he feels the love, we all do. >> reporter: now, it's unclear, larry, if trump will address the shooting itself, but fox was told his speech will focus on unity and his policies and that you're going to hear from a changed man who escaped

death. >> i can tell you that after last saturday just by a quarter of an inch avoiding being killed by a gunman, president trump tore up the speech that he had and said i need to redo this. it has to have a different tone. i have to lay out the pathway how we unite the country not just with words is and tone, which are very important, but also with how we bring about that success. >> reporter: and at the end of the night, larry, when he has wrapped up with his speech, he'll be joined on stage with his vice presidential nominee, senator j.d. vance, and both of their families. and then we'll see that big balloon drop at the end of this convention. larry? larry: all right. aishah has any, thanks very, very much. joining me now, speaker of the house mike johnson. speaker, we appreciate your patience very, very much. welcome to american bandstand. [laughter] that's the way it works here. >> you're the consummate if professional. [laughter] professor -- you just did this

with the star spangled banner, it's amazing. flawless television. larry: i tell you what, the star-spangled banner is better than the rock and roll i put up with ferrell in in the week. we appreciate your patience. just kind of -- i'm sure you've thought about it. what do you expect him to say? >> i love what aishah just said there, i think the tone is going to be very important. i've spent some time with the president, as you know, since the attempt. he's in a great place now, larry. you know him well, as i do, and in his heart and in his head, he's in exactly where the country would want our future president to be. we're facing unprecedented challenges as a country, everybody's fed if up with everything, the world's on fire. we need a president who's contemplative, and i think donald trump is in that place right now. you can see it on the countenance of his face, we know it by speaking with him and talking with him about the experience and where he is. i think it's a great opportunity

for him and for all of us. larry: when i spoke to him monday afternoon, actually, interestingly, i mean, all i wanted to hear was his voice because it's the first time i was able to get through after the assassination attempt. but, actually, he was talking to me about speech writing, he was going to plagiarize one of my introductions that he had just seen on tv. i mean, he was right there into policies. and he just sounded like donald trump. i mean, that's the way he is. so i was encouraged by that. now, my point to you is you've seen a lot of these -- i've seen a lot of these platforms. this is the growthiest platform aim ad directly at working -- aimed directly at working folks, working class folk folks that identify seen in four -- i've seen in four decades, since reagan. what do you think about that? >> i think it's right. it's streamlined, of course, but i think it's a reflection of where we're going to go in the new congress. we anticipate that president trump is going to win a second

term, we'll have the house and senate majorities, so we'll have a unified government. we need to have an aggressive agenda to pursue, and so we'll do that. first hundred days of the congress and beyond, you're going to see a very aggressive, pro-growth approach. i love the fact that j.d. vance was chosen as vp, and he stood on that stage last night and talked about the issues of working class americans. larry: yes. >> he comes from that, i come from that. it resonates with people. he can look right into the eyes and heart of america and say i understand what you're going through. that's a really important component to the ticket. we're going to deliver the policies that assist all of them. larry: you know, if you have a republican in the white house and maybe a senate republican, your job's going to be much more fun -- >> oh, yes, it is. larry: really. i mean, i don't think -- i think you're a brilliant guy, but you haven't had that much fun -- [laughter] so far in your position. >> i've been a wartime speaker, that's true. [laughter] newt gingrich posted an op-ed and said johnson has the most

challenging speakership since the civil war. i said, newt, come on. he said, no, you're doing a wonderful job. i had a 1-vote margin. we will grow that majority, and the job will be easier and more fun, and we're going to have fun because we're going to be delivering to the american people. when you get unified government, conservatives and republicans in charge of this, we will fix this mess. i told president trump you could be the most consequential president of the modern era because, sir, we have to fix everything, and i think he can. larry: last one, speaker johnson, and this is something that a galls me, but you are a constitutional scholar, okay? and and you've been in court and representing that. here's joe biden in recent times attacking the supreme court. now, mind you, biden's supposed to be defending democracy, accusing mr. trump of attacking democracy. nonsense.

biden's attacking the supreme court, and more recently really going back and saying i'm going to pack the supreme court if i'm reelected. now, i have no idea if he's even going to be their candidate, but whoever is their candidate may wind up saying the same thing. what do you make of that, he's going to pack the court, he's going to run against -- supreme court's not on the ballot, donald trump is. >> it's total ab a absurdity and is not even constitutional. who cares, he's not hemmed this by the constitutional. he also forgave another couple million dollars in student loans today -- larry: oh, today? terrific. >> why not, right? they're not bound by any constitutional policy. obviously, justices on the court sit for life so long as they maintain good behavior. that's in the constitution. whatever joe biden's proposing, it is dead on arrival in the house. i'm the speaker, it ain't coming to the floor if, larry, that's nonsense. larry: fdr tried to pack the

supreme court, that was probably a low pint. they're dumb -- low point. they're dumb enough to try that again? if the vibe here is awfully good, isn't it? united and optimistic. good vibe. i see it myself. >> same here. biggest in my life. larry: speaker mike johnson, thank you ever so much for helping us out. >> good to see you. larry: coming up here on "kudlow," why hasn't the head of the secret service been fired yet, all right? the evidence is mounting. we'll talk about it with senator senator kevin cramer next up on "kudlow." ♪ ♪

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♪ muck. larry: all right. we're a business show. there was over a 500-point sell off today in the stock market, and we will report it. no, lydia hu will report it. what happened today? >> reporter: hey, larry. we started off with the market looking to stage a rebound after a plummet in the semiconductor stocks yesterday that led to a losing session yesterday. but instead, we saw all three

indices, they erased early gains, all finishing in the red. the dow down 533, the s&p down by 433, and the nasdaq -- 43, and the nasdaq losing 125. we saw these losses really gaining steam in the if latter parrot -- part of the day as we also see pressure on joe biden mounting. that election uncertainty growing as he's facing questions about whether he's going to stay in this race. the semiconductor companies, we can check those out, because they did manage to recover somewhat with after concerns about tighter restrictions on chip sales. you can see nvidia up higher than 2.5% today, still down overall for the week. big tech, we can take a look at the magnificent seven. they posted losses today too, really across the board. some green down here for meta, but amazon down more than 2%, apple down more than 2%. finally, larry, investors are digesting new labor market data today, the latest jobless claims rose to their highest levels in close to a year implying that

the labor market is cooling and giving investors more reason to bet on a rate cut that's coming sooner rather than later. that might have some reasons for the selloff that we're seeing today. larry -- larry: all right, great. lydia hu, thanks very much. we will speak with former treasury secretary steve mnuchin in just a little while. more on the economy, interest rates and the stock market. however, joining us now, north dakota senator kevin kramer, and texas congressman keith south. i want to play some tape the on this secret service assassination mess. take a listen, please. >> how could the secret service allow their protectee, president donald trump, to take the stage at a 6:00 when at 5:511 they had identified a potential threat, 5:53 they alerted the spotters and the sharpshooters, and then at a 6:00 they clear him to go on the stage?

larry: all right. thanks for that. that's a pretty good question, senator kramer. marsha's asking a pretty good question, what do you say? >> not only that, but it's an easy question to answer it if you're willing to answer it. and it's a question that several of us tried to ask yesterday on the briefing with christopher wray and the head of the secret service, kimberly cheatle. and they wouldn't answer it. so last night we get the good fortune of bumping into her, the director of the secret service. she went into a nearby suite. we thought, well, now's our chance to get the question answered, walk in, try to ask the same question. she says it's not appropriate to talk about it here, we need to go someplace else, we walk out the door and she runs. we chased her. the irritation with the lack of transparency -- larry: she ran? you were there? who else was there? >> i was there, barrasso, james lankford and marsha. larry: so that's four u.s.

senators -- >> i know that's not impressive -- larry: it's four u.s. senators, period. full stop. she says it's not appropriate to talk? tom whom is it appropriate -- >> well, that was the question i asked along the whole route, through the mezzanine, up the stairs into the broom closet they all shoved her into -- larry: you look exhausted, i can tell. >> i don't mind telling you. but the point is that there's a tremendous lack are of which has been well earned in our secret service and particularly the leadership. not the rank and file, but the leadership. larry: yes. >> there was a major problem, security breach problem here, and we're asking the most obvious question. marsha articulates it perfectly, and they tonight want to answer it. larry: congressman, also i'm reading today local police, local police told the secret service they could not secure that building where this punk kid crawled up on top of it.

they were told that. so let's get this right. there was a threat before the event happened, and then the secret service was told locals couldn't secure the building. so how in the world could the secret service ignore this? >> that building is outside the perimeter to begin with. 150 yards outside the perimeter for a major congressional candidate, former president? makes no sense. you cannot explain it. you can't explain why there was not a sniper on the water tower. you cannot explain these things. i don't have a good explanation. but i will tell you the local police are also saying that the secret service told them not to do certain things. and if i'm not going to get into the conspiracy theories, but this sounds like there was a total breakdown between the secret service, the state police and the local law enforcement. whose fault is that? this is where the house of representatives comes in. mike johnson, the speaker of the house, has been very clear, the house of representatives will

conduct an aggressive investigation, and it's going to start as soon as we get back to work on monday. and he has promised that we will get to the bottom of this because the questions just grow every single day. larry: i think usually the local secret service field officers and secret service people will give their life to stop a bullet, usually -- >> that's the job. larry: this whole thing is a big snafu. there are secret service servicemen and women throughout this arena, and i go up to them and thank them for their service. i've worked in the white house, who two terms in the government. but, kevin kramer, joe biden never fires anybody. and so many people are telling me in the last several days not only does this woman need to be fired, but her coterie at the top of the secret service needs to be fired. and rank and file secret service are telling me the same thing. >> so therein lies the big problem. if you going to restore the trust of the people in the service, you have to fire the

person at the top and probably a pretty good layer at the top because these problems, maybe it's a resource problem. maybe it's a communication problem. but these are the responsibility of the leadership. and the fact that they won't answer basic questions to members of congress to whom they're accountable, that's never going to lift the confidence -- larry: i gotta get out of here. you guys are great. senator, congressman, thank you ever so much. we appreciate it. all right, folks, former treasury secretary steven mnuchin sees a slumping economy that needs a dose of trump tax cuts. make that a big dose of trump tax cuts. we will hear from my dear friend in just a moment. please stick around. ♪ ♪ so, what are you thinking? i'm thinking... (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.

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steven mnuchin sees a slumping economy that needs a large dose of donald trump tax cuts. i spoke with mr. mnuchin just a little while ago. please take a listen. all right, welcome back. joining us now, a very dear friends, former treasury secretary steven mnuchin. steven, welcome. appreciate it. >> great to be here with you. reminds me of us, eight years together. [laughter] larry: i know. the it's really something. here we go again. so anyway, tonight, of course, president trump's going to speak. the whole world's going to be watching, i would imagine if. what do you think he's going to say? what kind of things, what kind of tone? what do you expect? >> well, i'm looking forward to the speech. i think he's really going to talk about unifying the country and bringing the country back together and doing a lot more than he did in the first term. i mean, as you know, the trump economy was a great economy from

a national security standpoint, the country was strong. and i think those are going to be the priorities we're going to see in his second term. larry: do you think he'll emphasize this theme, which he had been developing before the horrible assassination attempt, that success is the best revenge and successful policies will unify the country in a way that a joe biden's nastiness and lawfare couldn't possibly? >> well, first, let me just say we're all so lucky that they missed him. i think he's going to talk lot about what he wants to do, is and you know this because we worked with him for a long period of time. the president is all about results. we got a lot done in the first term, and i think there's a lot more to do. larry: you read the platform,, the so-called 20 bullets. looked pretty growthy to me. >> i think the first priority is to extend the trump tax cuts. you and i spent a lot of time making sure this was done and for various different reasons, we couldn't get them permanent. so i think the top priority has

to be around a tax, the tax cuts. i think the president has to focus on deregulation. we have an administration that has way overregulated the economy. energy was a big focus if of his in the first term. as you know, we were energy independent, and if we need to get that back. and, you know, i think he needs to focus on reimposing sanctions on china and on iran. larry: iran, yes. >> especially to stop the money flowing to iran. i mean, they were not selling any oil when we were in office a. larry: and it's something, you know, that's such an important point. here's china buying all this iranian oil that we should have stopped in the first place. china's buying iranian oil, china's buying russian oil, china's financing two wars against the united states, essentially. >> larry, i remember sitting in the room with president trump and president xi and him making it very clear that if they did

not follow our sanctions, what the reper if cushions would be -- repercussions. and if they weren't buying iran oil. so it's not a coincidence that we have all these issues in the mideast today because iran is getting tens of billions of dollars, dollars that they can spend to create all different types of issues whether it's attacking israel or attacking other places. if. larry: steven mnuchin, former treasury secretary, you have a good batting record when it comes to the economic outlook, so i want to ask you what you're seeing in your crystal ball. what concerns you about the chi right now? >> well, i definitely think we're going to see a slowdown in the economy. the fed has to cut interest rates. they were just, clearly, too slow on raising interest rates. they underestimated inflation. i was calling for years ago that we were going to have a lot of inflation. the biden administration if went on and just spent way too much money. i think the deficits are going to be a big issue.

that's something that's going to need to be dealt with, and i think that's, you know, that's got to be part of the focus. but i do think we will see interest rates coming down in trump's second term, and i think he'll like that. larry: you know, i was reading just today some of the reports in the papers, in the financial times, so the market is gearing up for fed rate cuts as you just suggested. seems to me that if they're going to do it, all right, they ought to probably do it now or, you know, soon. if they do it in september, a few weeks before the election, it could look very political, compromise their independence. do you have a thought on that? >> you know, larry, i think it's less about when they cut. it's just one cut, that's not going to do much. the real question is where is the fed going to end up. i think we're going to end up with 3.55% funds as the target rate. so we've got a lot to go between 5.25 and 3.5, and the question

will be, how quickly do they lower rates? think we've got to get back down to that level of interest rates. larry: but you are worried about a slumping economy. >> i am. i see the economy slowing down. i mean, if if you look at, obviously, tech and a.i. and data centers and chips is fueling a big part of the stock market right now. larry: welcome to the convention hall. this -- they don't start doing this stuff until they see me here. but you're doing very well, and i appreciate it very, very much is. on the other issue, joe biden is still spending a lot of money, and he's running these huge deficits. the cbo baseline, as you probably saw, essentially, $2 trillion deficits as far as the eye can see even though the unemployment if rate is historically low. i don't see how you can have big spending and borrowing on the fiscal side and then tie your money in inflation fighting on the monetary side? is. >> well, larry, as you know, kind of undercoated -- under

covid we successfully got spending. and we had to do that because there would have been a depression, not a recession. president trump was very clear in saying we've got to save this economy the we're going to shut it down, ask we did. and that worked really well. we spent a couple of trillion dollars. it was really, really needed, and it saved the economy. biden administration went on and continued to spend several trillions of dollars that never should have been spent, and that was the reason for inflation. and now we got very big budget deficits. and, by the way, we do need to spend, you know, there's a lot of money need to spend on military. defense is still a very important issue. larry: yes. >> there's things like social security. jeff -- we've got to keep the social security trust fund funded. it's going to run out of money, that needs to be fixed. but general government spending, there's just a lot of waste, and i know president trump is going to focus on that. larry: yeah. he's been saying, i mean, talking to him -- and it's in the platform -- he want toss go after a lot of the wasteful

spending. so i think it's high time we do that. you're a prince to come by, steven mnuchin. it's great to see you here, back on the "kudlow" show. thank you ever so much. >> you're a great friend, and we're excited to be here tonight to see president trump. >> great stuff. thank you so much. all right. mnuchin was one heck of a good treasury secretary, if you ask he. now, hold the phones, let's go straight to fox news' jacqui heinrich with the latest on the democrats calling for joe biden to step aside. my, my, jacqui heinrich, what can you tell us about this one? >> reporter: well, larry, according to the president's doctor, it's all a business as usual for the president, in isolation with covid. before he canceled his las vegas remarks though yesterday and and abruptly redirectedded air force one back to d.c., he taped an interview with bet, and he sounded pretty sick. democrats in the house and the senate are telling fox that this weekend while he recovers he's going to be forced to basically

reflect on his candidacy and slow down a bit, and there is a sense among these people that biden's absolute commitment to staying in the race is shifting. this comes after democratic heavyweights chuck schumer, hakeem jeffries and nancy pelosi all reportedly told biden in recent days that clinging to his candidacy is risking the house and senate. barack obama reportedly also said the same to his allies, and none of these people denied those reports. the host of the president's favorite morning show also said on ms, this, this bc that his inner if circumstancing -- circle is taking some heat for not letting the president know how dire the state of his race is. the campaign telling reporters they've got bad sources and that this is all hogwash. they maintain they're not working a single scenario where biden does not remain at the top of the ticket, but just this past hour congressman jamie if raskin's office was facing questions about a letter that he sent to the president back on july 6th comparing biden to a baseball pitcher with a tired arm. we got that confirmed, and that

means that that private push now becoming public, means that the intended impact is not happening fast enough, larry. larry: actually, it's kind of like a starting pitcher getting knocked out in the second inning, but i digress. thanks for the report, we appreciate it. joining me now to talk about many different things, kellyanne conway, former counselor to president trump and, and trumpets blaring, brooke rollins, america first policy institute, former director of the domestic policy council in the white house. ladies, ladies' night out. here we are. nice to see you. kellyanne conway, before we get to the joe biden story, okay, okay, okay? what is your expectations for donald trump's speech tonight which i regard as far more important than all this joe biden stuff? >> it's far more important because we actually though who our nominee is going to be -- larry: yes. there you go with. >> question for him is how far

will he go in the electoral college, how much of a blowout could be brewing. having said that, president trump is the first one to tell each of us and anybody who asks about -- put your head down, be humble and just win this thing. he likes to focus on that first as the business han in him. this is important because the president himself has made himself seen, his presence felt at the convention all week, larry, after the failed assassination attempt, but we haven't heard that hutch from him. and this is our chance to hear him in full for the first length of time since that assassination attempt. i think his greatest hits will be in there, comparing the biden record, the trump record. you have a binary choice, were you better off five years ago, running through just the difference in your life. the affordability, on the security, fairness and the rest. he probably also will dip into in this theme of unity. the other side is dividing, we're unifying. the other side contracting, we're expanding. think that's incredibly

important. and i think he's going to do the vision thing. the only thing in the past is to reflect on his actual presidency, and it gives him a springboard into the future. larry: it'll be interesting, brooke, to see how he reflects on horrendous assassination attempt, but i know you've -- we've all spoken to him, but you had a good conversation with him. and, you know, it will be a policy-driven speech, i think. and i think it's his policy messaging is wildly popular among voters. >> that's right. larry: i think that's one of the sort of invisible hands of this entire story. what you thinking? >> well, i think that's exactly right, larry, and i think for the three of us the policy makes us all so happy. 85% of americans agree with the america first agenda. 85% of americans want a secure border. 85 of americans want to be able to choose the school for their child. 85% of americans want peace through strength, no more wars. i don't know who the 15% are,

but they are there. crazies. so what i would say is this, the whole idea that he's going if to be a unifier, we're all a coming together, i think that's 100 right. the three of us had the greatest blessing in working with him. he was always a unifier in the way that the he would go into the inner cities around the country and work so hard to lift all of those americans to a better life. he was always a unifier in fighting for america ask our soldiers abroad, bringing them home. so tonight i think the world sees what the three of us already know so well, that he is a unifier. we know what he has, we know his heart. there's no doubt it'll be a different speech tonight than it would have been before saturday, but i think it's going to be one of the best, if not the best of his life. larry: you know, on those points, people forget -- some may not know -- donald trump is a superb if negotiator -- superb negotiator. just like, by the way, my other boss, ronald reagan, 40 years

ago. a superb negotiator, bringing two sides together. whether it was domestic events, economic events with a democratic congress or whether it's negotiating with the chinese or the japanese and so forth and so on. i mean, people -- the guy knows how to get stuff done -- >> the art of the deal. larry: yes, the art -- i think america wants to get some stuff done. >> they want that. fox news poll on sunday, larry, said that over 70 of americans think -- 70% of americans thinkable white house is not being transparent and honest. now, the reverse of that is having a president who presides over democratization. we always knew what president trump thought of everything. larry: completely open -- >> no one more transparent. [laughter] larry: too open, right? [inaudible conversations] >> america misses that. they feel like they're being lied to, everything from the conceal and cover-up of the president's emotional, mental a, physical state the all the way to what happened in afghanistan, etc.

but this is important because when you say donald trump needs to -- that flies in the face of one of the dumber things said about donald trump as president, which is that he just wants a bunch of yemen -- yes men and yes women around him. that's ridiculous. we'd stake our claim. sometimes you'd disagree on the margins, but he loved that, taking everybody's advice. and we knew there was one person's name on that ballot, donald j. trump, and he could ultimately make that decision. but not before he got a million inputs. that's true democracy in action. contrast that to what we have now where the people around biden are keeping him cocooned and lying to us. >> right, yeah. larry: brooke, just the last point. when will joe biden or whomever runs the head of that ticket stop this nonsense, this incendiary nonsense that donald trump is somehow an existential threat to democracy? when will this stop? >> well, i don't know if it will

ever stop because, honestly, they can't beat us on the policy, they can't beat us on the truth, they can't beat us on who's on our side which is god and the american people, so the only to thing they can to is lie. 9 and the whole idea of existential threat to democracy, you know, maybe some people bought that a couple years ago, but now the average hearn, the to have gotten men can women of this country are waking up. the only people who say that, and i don't even think they believe that themselves, are the elitists, the people you just listed, and i think we're going to have a wake-up call on november 5th. larry: fabulous. ladies' night out, brooke rollins, coloradan quay -- kellyanne conway, it's a pleasure. all right, coming up, how long until joe goes? if we'll ask joe concha when "kudlow" returns. terrific. ♪ ♪ progressive makes it easy to save

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and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. ♪ ♪ larry: all right or, well, it's donald trump's night, but then again it looks like biden is about to go. democrats pushing him off, or so we hear. let's talk to joe concha, fox

news contributor, who knows about such things. i mean, it looks like practically every big wig in the party is putting the knife into joe biden's back. what are you hearing? >> jamie raskin, obviously, just are released a letter -- larry: just heard this. >> that he wrote on july 6th, by the way, and all these days later just to add to the leaks that joe biden needs to go. adam schiff, nancy pelosi basically has said that, but obamas, they're the biggest key, and even barack obama is saying biden should seriously consider dropping out which means, joe, get out of the way. he doesn't seem to have any allies outside of dr. jill biden and hunter biden, the two closest to him. but you can't see where this goes from here and and, look, it's been impossible to defend the president over the past couple of years, mind you, but i don't know if you saw that interview with bet -- larry: oh, i heard. he couldn't remember general lloyd austin. >> yeah. the commander in chief said i appointed the black man.

couldn't even remember the name, right? question we saw the way he couldn't even get into his suv yesterday. now, i know he has covid, but it's not just a mental deterioration, but the physical part as well. how could he possibly be president for the next four and a half years when he shouldn't even with president for the next four and a half weeks, and i guess that's the question. does he not only say i'm not running anymore, but does he resign from the presidency? because, obviously, i don't understand the calculation. he can still be president for the next 150 days but he can't be president for the next four that have? larry: well, he could relinquish the nomination of his party and if still remain as the commander in chief -- >> right. i'm just saying a lot of people wouldn't be comfortable -- larry: you could, however, the cabinet could go through the 25th amendment, and he would have to the to step down as president, and kamala harris would be president. >> yeah. larry: i don't know, i don't know a thing about it. there was a report that i saw that he -- biden was actually saying that he was willing to listen to reasons why he should

not, he should step down? >> correct. larry: is that true? does anybody know what's true and what's not true? >> the reports are, can anybody confirm it 10 100%? -- 100 to%? no. he did say publicly if somebody toll him he had a meld cad -- medical condition, then yes. and if he were shown polling which says he can't win which there is plenty of polling. exactly, so the two prerequisites appear to already be in play. larry: the emerson poll swing states, trump pulling away by big numbers, 5, 6, 7, 8% in all the swing states. so, joe concha, you've been around for a long time. how do you read this? who's going to take over joe biden's spot? >> kamala harris. you cannot leap leapfrog her, you cannot be the party who says we're here to save democracy and then install two candidate over the sitting vice president is. black voters have is a big problem with that.

larry: who takes kamala's spot? >> josh shapiro of pennsylvania. it's a key statement. he's fairly popular in that state, but nobody votes for vice presidents, so it doesn't matter. the bottom line is, harry, that this convention has been flawless in terms of energy, message, unity. imagine the bounce trump's going to get about a week from now reflecting him with 10, 12-point leads in swing states. impossible to overcome that, i don't care who the vp if pick is. larry: joe concha, great stuff. and they stopped the rock music while you're here -- [laughter] it's the first time. >> i put this a request. larry: joe concha, everybody. t i'll be backhi with my last wor. and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo.

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to learn more, call today or go to gentlecure.com larry: sadly, i'm going to have to to report this evening that my longtime friend lou dobbs has just passed away at the age of 78. he was the, really the inventer of cable business television. as i say, the longtime trend of mine, 78 years old, lou dobbs. may he rest in peace. and we'll flip it over to liz macdonald, i guess. there she is. lizzie, you got it. elizabeth: yeah, rest this peace, lou dobbs. thank you so much, larry. it's a sad day. we appreciate you so much, larry. larry: thank you, liz. elizabeth: okay. welcome to "the evening edit." i'm elizabeth macdonald. president trump will speak in just a few hour, first lady mela