it tells you something, about the russell rotation. the russell 2000 is back in the green. at least it was in the last second. yes it is. it is moving higher just about nine points. do you see that trend continuing? >> i do and actually that would be a real healthy sign, liz. the fact is if you look at the winners and losers of the first half of the year, what we're seeing is, in the second half, at least so far, the losers are winners and losers are winners. all in all that's a good thing. because we would like to see the market broaden. now i will say, i'm probably just as old as charlie and i do remember in 2000, 2001 when we had the -- [closing bell rings] we had the internet boom where the s&p cap petition actually started to fall. liz: i remember that too. >> it fell -- liz: we have to run. there is the bell. see you tomorrow. big fed day.

♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so the senate held hearings today on the trump assassination attempt. we have senator eric schmitt on that and other topics in just a moment or two but first up our very own hilary vaughn live on capitol hill with the whole story and it is quite a story, hilary. >> reporter: larry, it is quite a story. we got a lot of new information out of this hearing today. in fact we did learn that the acting secret service director ronald rowe went back to the scene of the crime in butler, pennsylvania something the former head kimberly cheatle never did. he went back to lay down at the spot the shooter thomas crooks shot at president trump. he said he felt at that moment, shame. he said it was completely indefensible, that the secret service did not protect the rooftop and protect president trump from the assassination

attempt calling it indefensible. new details about the timeline show that law law enforcement hd crooks on their radar well before the assassination attempt had happened. they flagged crooks as a suspicious person an hour before he fired his first shot at former president trump but that alert was sent out over text, not on the radio, keeping the snipers in trump's detail out of the loop. in fact the secret service snipers didn't know crooks had a gun until they heard gunshots and they didn't see crooks until he had already pulled the trigger targeting trump. >> when did the snipers first see him. >> as soon as he presented himself as a target and a threat to the president, sir. >> and when was that? >> he fires initially -- i do know the answer sir. i'm telling you -- >> what is the answer? >> no they did not see him. >> they never saw him. >> no, sir. >> how could they not see him? there he was as big as dallas

lying there with a gun, pointed at the president? how could think not see him? >> i believe he was obscured by that roof, sir. he did not pop up. >> the roof is flat with ridges. >> reporter: rowe couldn't explain who is to blame for putting trump on stage with a suspicious person roaming around or why he was not pulled off the stage once things grew more concerning before the shots were fired and he also couldn't explain why no one has been fired yet. >> my question is, why don't you relief everybody of duty who made bad judgment? you're right, i'm zeroing in on somebody. i'm trying to find somebody who is accountable here. >> i acknowledge this is failure -- >> is it not prima facia somebody has failed? the former president was shot. >> sir, this could have been our texas school book depository. i have lost sleep over that for the last 17 years. >> then fire somebody. >> i will tell you senator, i will tell you senator, i will not rush to judgment and put people on leave unfairly

persecuted. >> unfairly persecuted? >> unfairly, sir? we have to be able to have a proper investigation into this. >> reporter: there is still major questions about the shooter's motive. the fbi is still not able to access the shooter's encrypted apps on his phone to see who he was talking to, what he was saying before the attack. the fbi is ising social media. they believe they may have identified accounts thomas crooks used, one in 2019 that had anti-semitic comments and one pro-biden immigration comments. they have nod confirmed with a certainty, these two profiles do belong to crooks. larry. larry: regarding the senate side, what happens next with regard to anything? >> they have more questions. so we're probably going to hear from the secret service agents that were on the ground with trump themselves? that is something that the director committed to doing, to give the lawmakers a chance to talk to people who were actually

there in person, larry. larry: great. hilary vaughn, we appreciate it, very, very much. joining us to talk about this, some other things, welcome back missouri senator eric schmitt. mr. schmidt. welcome back, sir. just, you weren't part of the hearing. you probably watched the hearing. what was your principle take way just off the top much your head. ii want a hook to begin with, then i have a bunch of specifics. but what is your takeaway on your hearing? >> there are still a lot of questions. as everybody watched that, it was unmitigated failure. president trump, the grace of god, only time he turned direction in the whole speech saved his life. how the building was not in the perimeter. there are still no good answers to that the other takeaway, larry, these folks should be having a press conference daily in my view, to inform people, telling us what you know. they need to be answering questions in front of congress. people need to be ultimately

held accountable for that failure but i don't understand the lack of communication. it certainly only feeds theories out there are either true or not true. i think they need to be way more communicative. no doubt catastrophic failure. the truth is, the they were aware of this guy an hour ahead of time. lost him. the best we can configure from all the testimony now until about six minutes before. whether or not they had eyes on him. there is some belief they had eyes on him at least a couple minutes before. again all this conflicting information has to be cleared up, they have to be open and transparent i think for the american people to have inseam plans of faith. also larry, one other point. it is a tale of two part tale here. the secret service agents who jumped on president trump were heroic. that was their job. they did their job. the planning for all of this, lack of communication, not having inneroperability of the communication devices is inexcusable. larry: one thing, i couldn't agree more by the way. mr. trump said the same thing.

the people fell all over him assumed the usual role of secret service that they had to put themselves in front of a bullet to protect a president, in this case a former president. one thing that strikes me as a layperson in this but i've been following this, we had a lot of discussion during the show, there seems to be severe lack of cooperation between the local authorities and secret service. and i don't understand that. this goes to your point, i wish there was a lot more transparency. there is a lot of rumors around that the secret service don't respect for the local authorities. the secret service didn't show up for meetings with the local authorities. there is rumors with the fbi, they don't get along. there is bad blood. the fbi thinks it is superiority if we can't work with local authorities who know the turf better seems all is lost.

they had their eyes on this guy minutes before the actual shooting. >> you have that dynamic in play. you have actually on the ground, larry, supposedly maybe a warning went out but there was inneroperability issues on the communications devices that the right people who could have done something earlier weren't even aware of that. that is a huge break down. so i just think all the way around hire this is a confluence of a up bunch of failures. confluence, planning at the time what was happening on the ground. the american people deserve answers. this was a, you know, thankfully a failed assassination attempt. we've all speculated what could have happened. anyway, so i think that they need to be way more transparent. they need to come mean on this. there is speculation that maybe secret service has not interviewed local folks in the investigation. or whether the fbi interviewing people in the investigation. people have to come together here and we have to diagnose what happens to make sure this never happens again.

larry: nobody seems to know why the secret service didn't run a drone covering the whole area? >> well the shooter did. the shooter did. he ran a drone. again this, you know we also have to get to the bottom, larry, trump's team and his detail asking for more help and that was denied. larry: yep. >> why was it denied? how many times? clearly, you don't have to be a professional law, in law enforcement to understand president trump is at risk all the time and so, we need to get to the bottom of that too. why that additional protection was denied over and over again. larry: at least, again from this hearing, at least the new head or the acting head of the secret service acknowledged it was a huge mistake and he said there are no excuses and so forth, so on. that is a lot better than the cheatle woman who couldn't even give up that much. at least there is a little humility creeping into the story and maybe some urgency into the investigation. one can only hope. i kind of looked at that,

slightly positive sign. >> yeah. but again i think they got to be way more communicative and give more updates. larry: yeah. >> american people deserve that. larry: let me jump off that to a different topic. joe biden would have run against the supreme court if he were running for president but i think kamala harris agrees with him. he wants to -- no matter what they say, senator schmitt, my take is, they want to stack the court, okay, fdr style, which is joe biden's hero. no matter what they say, they want to stack the court. if they ever had the senate votes to break the filibuster and do that, they would do that. what do you think? you're a distinguished former state attorney general. you might be a future u.s. attorney general for all i know. this may fall into your lap into the next year. isn't that what they want to do? they want to stock the a bloody court? >> absolutely.

they're not even trying to hard this. their whole purpose they are trying to undermine the credibility of the court because they don't like a couple decisions ultimately to pack the court. you're right, larry, if we get to 51, without manchin and sinema, house and white house, they're on record they will add filibuster to destroy the united states supreme court. they will add d.c. to have permanent power. these proposals from joe biden and kamala harris are patently unconstitutional. it is hardly the point. they want to sow this decision. it is shameful. joe biden was chairman of the judiciary committee when he was in the senate. the fact he is coming to now, claiming others are threat to democracy. we've seen what a threat to democracy is, it is biden and harris. larry: do you have any doubt in your mind that ms. kamala harris agrees with joe biden, whatever she may say publicly, like

fracking, i never said a ban on fracking. yes you did, ma'am. do you have any reason to believe she wouldn't pursue that agenda? just an an addendum to that, just because the supreme court 6-3 gave the president immunity for official acts not all acts, official acts as you know better than i know, something that could help joe biden, who knows? but the point they want a constitutional amendment over immunity, really? how petulent is that? >> i think they're trying to gin up enthusiasm. once the honeymoon period is over. once after the convention, after labor day, the american people will be left with a choice, which is the prosperity and peace they had president trump and quite literally the most radical progressive ever nominated by any party in the history of the country, that is many kamala harris. when they dive into her support for the green new deal, her support for court packing, being the deciding vote on a lot of

these inflationary policies that joe biden got through the senate, i mean she was the tie-breaking vote on that literally. you know her soft on crime stance, the american people will pick president trump but they have got this time period right now where they're trying to generate enthusiasm between kamala harris and now, returning against the supreme court. we'll see how that plays out but i think that is a pretty cynical play because again it is a dangerous play. by the way if you want to get to 13, why not 25, why not 50? , why not 100? there is no limiting principle to this if it is about power and control, getting the results you want. larry: all right. senator schmitt, we appreciate it as always. thanks very, very much. >> thank you, larry. larry: folks we'll take a little break from all of this. i want to put a little bit of economics to that. we won't get to that. we'll cover the is israeli attack on lebanon in just a moment. just to change some gears. i want to tell you how silicon mists can be. that is the subject of tonight's

riff. ♪. larry: all right, so economics can be a very strange game. now follow me here, please, take for example, the conference board's consumer confidence index, just out today, for the month of july. the overall index was up slightly from june, lower than may, most importantly down 12% from a year ago. today the index is around 100. during the trump years it was around 140. consumer confidence one of the most important measures of kitchen table sentiment among ordinary typical working class families and they are not confident. "breitbart"'s john carney has written a great piece about this last week. consumer confidence is an election year indicator even though very few economists understand this and really talk about it as an election year indicator. frankly it's more important than gdp or a hot of other economic

aggregates. either way confidence in your present situation is down 13% from year ago. expectations for the future down 11% from a year ago. by the way, today's present situation about 133 on the index. during the trump years, it was close to 180. think of that. now, speaking of goofy economics, let's take a look at venezuela for a moment. it is total economic basket case, even though it has huge oil reserves under the ground it's economy has been wrecked by former president hugo chavez who turned part-time capitalism into full-time socialism and full time socialism has been made more authoritarian by current president nicolas maduro who may have stolen the recent election. we shall see. venezuela is essentially a communist vast self cuba and a

strong ally of russia, iran, china. as the committee to unleash prosperity hotline alerts us, "the new york times" has sunk to a new low saying this, here arrest the quote, the socialist movement that swept to power in venezuela in 1999, founded by former president hugo chavez, mr. maduro's mentor, the movement movement promised to lift millions out of poverty. for a time it did, end quote. now here is the money line, quote, the socialist model he once hailed has given way to brutal, no, brutal capitalism. brutal capitalism economists say, with a small state-connected minority controlling much of the nation's wealth. brutal capitalism, really? it's been socialism and more

socialism, morphing into more authoritarian socialism that looks a lot more like communism. brutal capitalism. i wouldn't be surprised this was a "new york times" editorial. but wait a second, it's actually a "new york times" news story. that's right, news story. all this news that is not fit to print was written by reporters frances robles and bureau chief for "the new york times," julie turkewitz. just saying, there is a small group connected with minority control of the economy. that's called the corrupt nomenclatura, run by close circle of friends of president maduro. sorry "new york times," had to do it, news story, really? more economic goofiness, the fed middle easts today and tomorrow to figure out monetary policy and it is always about interest

rates or labor markets or gdp. however former governor kevin warsh deserves kudos for his "wall street journal" op-ed yesterday and he was on this show last evening. kevin warsh writes, the high priest of central bank dogma might consider it blasphemy but monetary policy has, wait for it, something to do with money. imagine, bravo, mr. warsh. he points out that the fed's balance sheet remains at record highs. since money has something to do with inflation, the progress on inflation lately may not be sustainable because of the fed's balance sheet. mr. warsh my added central banks should look at commodity prices including gold to determine the value as well as the quantity of money but the central bank never does that either.

just goes to show you, not all the dummies work for "the new york times." and that's my riff. we will be right back. coming up israel strikes back at the heart of hezbollah in beirut. reaction from congressman greg stuebe and general keith kellogg. next up on "kudlow". ♪. ok limu! you set it, and as i spike it, i'll tell them how liberty mutual customizes car insurance, so they only pay for what they need. got it? [squawks] did you get that? only pay for what you need. ♪liberty, liberty,♪ ♪liberty, liberty.♪ meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal

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larry: another huge story today. israel strikes back at hezbollah. trey yingst is live in tel aviv with the latest. trey, you're been doing a great job. been watching you all day. how can you round up today? >> reporter: larry, thank you. a major development today as the israelis struck back against hezbollah inside beirut. the lebanese capital. a significant develop moment for many reasons but it comes as a direct response to the hezbollah rocket attack say today that killed 12 children and teens in the northern part of the golan heights, in a town called mazdashams we were in the aftermath of funerals. the prime minister and defense minister visited the site of the attack. it was the emotional time for this country and its allies.

they struggling a senior hezbollah commander in beirut. there are mixed reports in this hour if he was killed in the strikes. we're still waiting for final confirmation but this does take things up a notch on the escalation ladder on the region. it raises questions what comes next in the ongoing conflict between israel and hezbollah. tonight i spoke with a senior israeli official who indicated this was about sending a message to the iran-backed group saying that israel does not want war but now it is in the hands of hezbollah. there are questions tonight if this death is confirmed, if the iran-backed group will respond with rocket or missile fire into northern israel. so the country does remain on high alert. just a few minutes before we started talking you could hear israeli fighter jets over israel's second largest city of tel aviv. larry? >> trey, do you think that the israeli, i will call it response, military response, is finished for now or do you think later tonight or tomorrow they hit again?

>> reporter: for now it appears to be finished but there are also reports tonight of some places in iraq with hezbollah, a hezbollah offshoot there shia militias, backed by iran also being targeted. it wouldn't be surprised if there are further israeli strikes. this is the major response for israel for now but forces remain on high alert across this country, understanding this strike could lead to a broader conflict. larry: got it, trey yingst, thank you very much for that. joining me now that congressman greg stuebe and my pal general keith kellogg. thanks to both of you very much. greg stuebe, one thing is for sure, the united states government never gives israel full backing you know? i mean the rhetoric coming out of biden or harris, yeah we think that israel should defend itself but, but, but, bush, but, and somewhere in the middle ofness but, buts yesterday or the day before, hezbollah

decided to strike to take out these children playing soccer or european football up north in israel. it is almost like what do you expect to happen happened. >> well, yeah, and what do you expect to happen when we're also funding lebanon. i filed amendments to try to withdraw some of that funding. this congressman and the republican house stands with israel but this administration does not and they are trying to weave a very political position where they're trying to keep the far left progressive part of their party that support the palestinians and support opening up six billion dollars to the iranians from the more jewish part of their party that obviously supports israel but you saw the snub by vice president harris on bibi netanyahu's speech last week. and i think that says a lot about her position and support for israel but the republican house certainly supports them.

we passed numerous bills to support israel's military this is measured response that hezbollah on the attack by israel. larry: it was a measured response. it sounds like a triumph of israeli intelligence if they got his commander who had a price on his head, whatever, five million dollars, going back to 1983 when i worked for reagan and that horrible attack occurred on the u.s. barracks in lebanon. if they got him terrific. i will have to say that because what he has done to this country down through the years and to israel. what do you think about it, keith? >> larry, thanks for having me. he was the number two in hezbollah if they got him. if they didn't get him they will try again. we're on a path of escalation again that is very understandable. what the israelis had to do when attack on the drews children.

they are 2% of israelis. this was appropriate response. where do you want to go with this with nasrallah? you look that netanyahu has, only three people part of that war cabinet, himself, the secretary of defense, minister of defense and ron dermer who used to be american ambassador, i'm sorry the israeli ambassador to the united states and they are going to go full bore. nasrallah is an option. the option is either stand down or respond. hit haifa or tel aviv with rockets. if he does that within the next 24, 48 hours, then you will see a major escalation in the region against hezbollah. there are reports that the minister of defense, really wanted to go after hezbollah first before they went after hamas, fix that problem and go after hamas as the second problem. they will have no option but to do that. one of those, we're okay right now. just take a chill pill.

it is not going to happen. we're on real risk here of greater escalation and i think israelis have the right to do that. in fact we should back them 100%. the only concern i've got is after nine months of war against hamas, how much equipment do they have to go after hezbollah? this would be the third war in lebanon. it would be a significant war. when you look at the state of hezbollah, it happens to be the actually the largest non-state military act actor in the world. they have plenty of munitions. it will be a heavy fight. the israelis are willing to do it. we should say as the united states we're behind you 100%. larry: greg stuebe, that is the thing what general kellogg just said. bibi netanyahu comes to the united states. goes before congress and gives a tremendous, tremendous speech, we win they lose, we win they lose. there is difference between good and evil. israel didn't pick the fight, greg.

israel didn't pick the fight on october 7th. israel didn't just pick the fight with hezbollah again. israel is trying to defend its own statehood and livelihood and jewish hood. the usa should be stronger in the backing. it is a moral issue. it is the difference between good and evil that is what netanyahu told congress, is anybody listening at 1600 pennsylvania? >> nobody at 1600 pennsylvania right now is listening. president trump is certainly listening and support israel. i support israel 100%. you are absolutely correct. israel has every right to defend themselves against terrorists globally recognized known terrorists in both hamas and hezbollah and has every right to respond in kind. 12 children were murdered by a rocket attack in israel. i think it also sends a very strong signal they sided to attack the hezbollah leader in beirut. and telling them, hey look, we can attack all the way into your

capital if it is necessary but we're doing it in measured, responsive way to take out hezbollah's leader, one of their leaders. that is a measured response. they certainly could do more. the united states should do everything we can to support our ally in the middle east. larry: these iranian-backed terrorists are cowards, they are cowards. iran, populated by cowards and the least the united states should do, i got to get out, i'm running up against a hard break. the least we could do was have the unconditional sanctions on iran restored. stop their oil production and their oil sales. you cut that off, and you cut off a lot of different things. foy the to get out. i'm sorry, gentlemen. congressman, greg stuebe, thank you for coming on my friend. general keith kellogg, we appreciate it. coming up, folks, consumer confidence is down. is anybody waiting or watching? by the way we have too much debt. by the way do we know, could we have a good economic policy for a change? instead of all the goofballs at

the fed and treasury, my gosh. steve moore and art laffer will try to straighten the whole story out. story out. i'm kudlow. back. memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. ♪operatic music♪ ♪

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neil: so a simple question does the economics profession know how to get anything right? let's ask steve moore, committee to unleash prosperity hotline, host of "moore money," wabc radio, art laffer, reagan economist, author of "taxes have consequences." larry: let's start with debt, i mean debt's not my favorite thing, but you hit 35 trillion in debt, steve moore, i know you obsess about these things. it is only 27 1/2 trillion of marketable debt in the hands of the public but we do have a chart that looks very ugly, because moving towards 120% of gdp, actually higher in the far out years and that can't be a good thing, that cannot be a good thing. don't ask me what it really means. i don't know what it means. i just know it can't be a good

thing. what do you think, steve moore, is that a good thing? >> debt in itself is not a bad thing. as you taught me and art laffer told me it depends what you're buying with any your debt but show me anything good we gotten with all the spending and debt in the last three years. we have not rebuilt our military or rebuilt our economy. we have windmills and bankrupt battery plants. there is increase in the size of the welfare state. this is not something that will make america richer over time. i want to see lower tax rates. i want to see less regulation, your friend and mine, larry, casey mulligan just came out with a new study showing biden's regulatory policies have cost every family $50,000 on average. that's terrible for the economy. larry: it is about two trillion cumulativelily. >> yeah. larry: there are different estimates about that, but that is the number i saw from the

competitive enterprise, actually put that chart up one more time. debt in the hand of the public, not even total debt, taking away intergovernmental transfers that is nice upward slope to it. what did we get, arthur what didn't we get? we didn't get a lot of tax cuts. you want spending as a share of gdp to come down and you want debt as a share of gdp to come down, arthur, isn't that the metric for those who believe tngs. hang on a second. the plate great jack kemp used to say with spending or borrowing you want to lower the numerator but you want to increase the denominator. the denominator is gdp. increase the gdp, spend less and then you will borrow less and we actually might all live happily ever after. i mean that is the way i learned it from jack kemp about 40, over 40 years ago and arthur you used to write about that stuff too.

>> yeah. when you look at debt i think steve was completely correct on the debt issue, what are you spending the money on? we increased debt a great deal in the first few years of the reagan administration as you remember. we did it to lower taxes to create defense spending do all the things necessary. we borrowed cheap. we invested wisely and the economy boomed as a result of increased deficits and debt. that all was great. to use debt however, to pay people not to work and tax people if they do work, shrink the economy, that makes no sense whatsoever. that's what these people have been doing. clinton retired debt dramatically. we had a he is good economy under clinton. that was a terrific time. w and obama doing just the opposite. now you have biden and kamala harris doing just the opposite, paying people not to work, paying for them not to be productive, taxing them if you are productive and that is us why the opposite if you want to do. you want to lower tax rates,

broaden the tax base, spending restraint, sound money, minimal trade barriers and low regulations and you're off to the races, just as steve said. larry: so, steve, i got a couple of morsels for you. this is from the hotline today. janet yellen, our distinguished treasury secretary want as clean economy so this, no problem. this is just pennies and nickles and dimes. the transition to a clean economy in her view will cost three trillion dollars, okay, per year. >> per year. larry: per year. hang on a second. the best is yet to come. that will leave us with a bill of $78 trillion by the year 2050, 78 trillion. here is the most fun part, bjorn lomborg, and some others have already proven, they have spent,

the whole community of nations, i sound like a u.n. adjunct, the, all this global warming nations have already spent $12 trillion in the last, i don't know, steve, 10 or 20 years, i don't follow this garbage but the fact is, what happened carbon has gone up, not down. i understand that. i don't have a problem with that. but they spent 12 trillion. miss yellen wants to spend 78 trillion, do you think the results will be better? >> only 25 trillion of that is our money. the rest comes from the other countries, no problem, no problem. >> a little bit of a bargain. let me think about this even 1/10 amount of money alleviate all poverty in the world, end huger in the world, find every scientific discovery to alleviate every disease. by the way these are the same people who can't, who can't fix the potholes in the road. who can't secure the border. who can't solve the crime

problem but they think spending $78 trillion will somehow lower the temperature of the planet. i don't think too many people buy into that. larry: this is from a former fed chairman. this is from the berkeley economics department. >> i know. larry: san francisco fed president, now treasury secretary and art laffer, the other one that came out of the hotline today which i absolutely loved and we already featured it in our rift is the venezuela story, okay? so get this, art, chavez and maduro were actually successful socialists but lately nicholas maduro who may be stealing the latest election, we don't know exactly yet but he may, but anyway, nicolas maduro, is wait for it, guilty of brutal capitalism, brutal capitalism. the best part of this story it was a "new york times" article. wait, arthur, this was not an

editorial i would expect, this is news story covering venezuela, this is a news story. brutal capitalism under nicolas maduro. what do you think of that arthur? by the way brutal capitalism would help venezuela? >> exactly. >> how dare you attack "the new york times," larry, on a piece like this. this factually, here you look at, you ask yourself why are people leaving venezuela? they're leaving it because of maduro, because of chavez economics. it's terrible. they don't get any incomes. go ask a venezuelan how capitalist and free market and free enterprise venezuela is and you will get a very different story. you will get the true story. larry: that's a great point. that's a great point. >> if i ever find a venezuelan buying "the new york times" i would just roll over but there you go. larry: they're all escaping venezuela because of the havoc wreaked upon them by chavez and lately maduro. it is not anything 20 do with capitalism. >> of course it is terrible. larry: i wanted to insert that.

this was not an editorial. i can understand the socialist editorial board. this was a news story written by i think the local regional editor of the andes, something like that. yes. >> by the way, larry they talked about the triumph of democracy in south america. they didn't talk about argentina where they are moving towards free market economics. larry: i don't have time for argentina. i got to get out. i'm already over time. i'm just going to say, cut taxes and deregulate the economy. god, it isn't that hard. that's the trouble. steve moore, art laffer, kids i appreciate it. coming up next democrats are focused on identity politics but fortunately mr. trump is focused on the issues. we got charlie hurt and batya ungar-sargon on set when "kudlow" returns esses just melt. i hear that. this bad boy can fix anything. yep, tough day at work, nice cruise will sort you right out.

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larry: so democrats focused on identity politics. mr. trump fortunately seems to be focused on the issues. joining us now charlie hurt "washington times" opinion editor, fox news contributor and co-host of the bottom line right here on fabulous fox business at 6:00 p.m., no less. and batya ungar-sargon journal

ist, author of second class. thank you, kids. i'm too old for this. i'm a child of 1950s. white women for kamala. white dudes for kamala. identity politics. batya, i believe you're a woman, white woman, are you as oppressed as white men, you tell me? how does this enhance anything to do with kamala's victory? >> it is so disgusting and so racist and they want you to think that because they are dividing themselves by race to help a democrat it's not racist. it is. it is disgusting but also it is a smoke skeen for the class divide. we're not divided by race in this country. we're not divided by left or right. multiracial, multi-ethnic versus the elites. where people are trying to racialallize things, they're trying to get you to lose sight

of the fundamental truth more unites us than divides us. working class is abandoned by both sides. they're trying to racialize this to make it about identity because they have no policy to run on. larry: that's good. that's it, folks. >> i can leave. larry: i'm kudlow. good to have you. charlie hurt, she has got a few good points there, seems to me. by the way, issue politics will win out anyway, not the identity politics. >> without a doubt. which talked about this before, 2016 was the most issue based legislation of our lifetime and i think this one will probably outdo that one for exactly all the reasons that you mentioned and, there is, obviously they want to distract, democrats want to distract. kamala harris had the best week, politically speaking the best week of her life last week. jd vance probably had the worst week of his life in terms of the political coverage and media coverage and at the end of that week the polls are essentially

exactly where they were to begin with and you know there is only so much you can do about all this distraction. then people will get back to the issues. when they get back to the issues of inflation, the border, the economy and all these things, it is, we're getting back to a big race. larry: "wall street journal," immigration, trump 53, kamala 40. "wall street journal" poll, economy, trump 52, kamala 40. crime, trump 48, kamala 43. this is just taken a couple days ago. so this stuff's not working. the other thing is, all these people are fleeing a sinking ship. none of these governors want to be on her ticket. roy cooper from north carolina, gretchen whitmer, they don't want, they are fleeing a sinking ship. >> that's the most hidden big story of the last two weeks. you have two of the most promising democrats in the country who have said, i'm out of here, i don't want to be on your -- who turns down the

vice-presidency? nobody does. the reason they're doing it they don't think she can win. larry: she can be left with buttigieg, white dude. i don't know what he is. i'm not going there. i'm getting into trouble. meanwhile the trumps are putting out a tremendous campaign now saying she is, what's the right word? super-pac is putting out $32 million. the campaign is putting out 10 million just for the battle ground states, calling her dangerously liberal, take look at her record. her record as a presidential candidate four years ago, sure, but her record with joe biden now. they're putting in so they will remind voters on issues which i think is very, very smart. last word, 15 seconds, 20 seconds. >> kamala harris is factory settings democrat, right? she has no real views. she will change her views from one race to the next based on what she thinks is popular. hard to say what she actually believes in. i encourage president trump hit

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