it's down only 2% but for the week its had a bit of a struggle here and i think that at this point, as we look at all of these stocks, people are questioning themselves. is there any stock sector you like before we get to the closing bell? >> the one thing i do sort of look at because i think we thought treasuries but the dollars going to come under pressure too, because the biggest change in information is how quickly the us labor market is slowing down, and how quickly the fed might have to really start gunning it in terms of rate cut. >> [closing bell ringing] liz: great to have you, jack, folks. off the charts volatility meaning fear as the dow falls 612, s&p down 99, the nasdaq down. larry: hello, folks welcome to kudlow, i'm larry kudlow. terrible jobs report plus a bigg

macer" smackdown, political big guy, charlie hurt, but first up, our own edward lawrence standing by at the white house with some of the gory details. edward, shame on you for this , really i'm going to blame you. kamala harris is blaming trump. he hadn't been in office four years so i mesas well blame you. reporter: well can't i just blame former president trump? larry: blame him. blame jimmy carter for heavens sakes. reporter: so i will tell you, larry, that president joe biden, if you ask him, he and vice president kamala harris in charge of the world's greatest economy and in fact, in the statement where the president references the vice president, they brushed over this jobs report. we had 114,000 jobs created last month. the unemployment rate hitting a mark that we've not seen since october of 2021. now coupled with the overall prices, up 19% since president

biden came into office, this report showing over the past 12 months wages cooling significantly, from the june report. acting labor secretary tells me she's not worried. >> triggered the sam rule so are we in a recession? >> we're definitely not in a recession and i think usually that rule is meant to predict a recession, but keep in mind, everything about this economic recovery has defied expectations, and so its never been applied in a situation in which the unemployment rate has been so low. reporter: and the markets reacting to this , as you see there, with closing what 611 points down, about how the federal reserve might be behind the curve when it comes to having rate cuts so i asked the fed chairman actually about government hiring, and if government hiring has been masking the underlying weakness in job performance. he said that their stance currently was appropriate to

the government hiring and spending has already been propping up this economy. >> they were the big contributor to jobs, not just in the last year, but post-covid, and state and local government surpluses have now swung to deficit so that sector that have contributed 77% of the job growth post-covid is now going to exert a drag on these employment numbers going forward. reporter: so we'll see if this report is the trend when we get the next report and that's the fear among many market watchers and the fear in the market as you see the reaction today. larry? larry: thanks very much, edward lawrence. let's get the market story from gerri willis standing by. my goodness, gerri, you have been very busy this week. gerri: you know what? smackdown is a good word for what's going on here. stocks plunging on recession fears after a weak july jobs report. let's take a look at those three major indexes.

the dow, down 610 points, 1.5%. the s&p off 1.8%. the nasdaq down earlier 3% and now 2.4%. these are major moves for the indexes guys. all three major averages hitting their lows earlier in the day. we have a bit of improvement, not much. really nowhere to run. nowhere to hide. also down today, small caps, oil, gold, bitcoin, you name it. the headline behind the route, the july jobs report coming in below wall street estimates. the jobless rate rose unexpectedly to 4.3%. its highest since october 2021. wage gains were lower-than-expected, two-tenths of a percent month-to-month. now the power behind this years stock rally, tech stock, not a power now. chipmaker intel shares down 27%. that is the stock's worst drop in 50 years since 1974 as the company lays off 15% of its workforce. now, amazon, meta, microsoft,

all of these companies trading lower today, and all of this raising the question, whether the fed waited too long to cut rates and a hard landing is coming for the economy. now, a 50 basis point rate cut seen in september. larry, back to you. larry: well maybe so, thanks, gerri willis. folks as the economic storm clouds are darkening even more, that's the subject of tonight's rif. so with today's terrible jobs loss report and another big smack down of stocks, it sure looks like the us economy is standing on the front end of a recession. the economic storm clouds continue to darken. recession indicators are proliferating. here is one of them. the unemployment rate has moved up to 4.3% from its low of 3.4% last. now, some economists believe that when the three-month average unemployment rate rises

above the three-month average rate in the prior-year, that's a recession signal. so what you get now, last year the lowest three-month average rate was 3.5%. today, its jumped up to 4.1. those are smooth three-month smoothing techniques but they tell a very disappointing story. now, besides the rising unemployment rate in july, 352000 people were reported as unemployed. that is the biggest number in a long time, and the small business household employment survey, well that level increased hardly at all. 57,000. on the corporate side, private payrolls rose only 97,000. well-below expectations, and another big recession threat indicator is a drop in overall hours worked and an even bigger drop in manufacturing hours

worked. now this comes directly after yesterday's recession-prone manufacturing report from the institute of supply managers. there's more evidence that housing recession is deepening. consumer confidence has been in the dumpster quite some time. we could say with certainty that a recession has arrived when the levels of income, jobs, industrial production, and total retail sales begin to fall. that is the classic recession definition from the nber, national bureau of economic research but that has not happened yet, okay? the biden-harris administration has already suffered at least a mini recession in the first half of 2022 when skyrocketing 9% inflation drove gdp down for two consecutive quarters. and of course, the soft under belly of bidenomics now kamalanomics is the ongoing, how do you like that, i hope

that i get that right. anyway, is the affordability crisis or the level of consumer prices has surged 20% during their entire term. the year to year change in the cpi has gone down from nine to 3% but tell that to middle class working folks sitting around their kitchen table trying to figure out how to buy groceries or gasoline and afford day-to-day essential consumer goods and these consumer price numbers no longer include high borrowing costs for mortgages, car insurance, and today's 20-25% credit cards. meanwhile, all the liberals want the fed to slash their interest rate targets to avoid a recession. but fed policy changes in august, or september, they won't impact the economy for at least a year. meanwhile, the plunge in market bond yields looks like a coincident indicator of recession. even while lower interest costs might be welcome.

you take a look at what kamala harris seems to be promoting. she wants the fed to cut their interest rates but meanwhile she wants to put into place huge tax hikes and keep up the over-regulation of business and energy. you know what you get out of that? inflationary recession. that's right. an easy money fed increases demand, while tax and regulatory penalties reduce production supply of goods, but you're never going to believe this one folks. no, hold on, strap in. kamala's people are actually blaming donald trump for this downturn. four years after he left office, okay? you can't even take a breath after that. now that's even better than she doesn't believe in a ban on fracking. trump on the other hand is much smarter, honestly. he wants major tax cuts, regulatory rollbacks to make it easier and more productive

for businesses to produce, and bring down energy costs. that'll increase the supply of goods. increase the supply of goods. it'll also curb the inflation rate, and it'll generate a tremendous economic boom. so, folks, tighten your belt for the moment. honestly, help is on the way. that's my rif. all right so joining me now on stage, scott bessent founder and ceo of key square investments and the great charlie hurt, washington times opinion editor fox news contributor and charlie is going to be a guest hosting again the bottom line with dagen mcdowell tonight at 6:00 p.m. eastern on fabulous fox business. scott? you're the expert of this stuff. i mean, i think we are on the front end of a recession. i don't think we're there yet. i think you've got to wait for certain definitions to kick in, but when you look at various indicators, the rise of unemployment rate, i mean, we've had lousy payroll numbers and lousy household employment numbers for quite some time but

the drop in the manufacturing, the drop in consumer confidence, the drop in housing, none of this bodes well it seems to me for the american economy. what do you think? >> look, larry, thanks for having me on. this could not have come at a worse time for the democratic party. they have janet yellen, jay powell, to some extent, they goose the economy in the fourth quarter of last year but they did it too soon, so the tanks running out of gas on august 5, not november 5, and as you said, i believe we're at the front end of a recession but more importantly, i think 50% of america has already been in a recession for the past two years. larry: or feels that they are in a recession. no, no, the working class americans had been in a recession and if you look, i think, i've been doing this 40 years and the harris biden put us into an emerging markets

equilibrium where you have high asset prices. pumped up the stock market, and the housing market. top 10 or 20% of americans are doing great. european vacations have never been higher by americans. larry: not me but some of my friends. >> well you've got to sta friends. >> well you've got to stay on the air. larry: that's not the reason. [laughter] >> and so the top 10 or 20% are spending out of the wealth effect. the bottom 50, they have no assets. they have debt and they've been feeling this and i think now, the rubbers met the road. this high level of government spending has crowded out. if you were, my firm follows this. if you are in an industrial business or a construction company, that is not receiving money from the federal government you've been struggling for the past two years, so this crowding out has got to stop. larry: because it's just on that point and i want to

get charlie in a second. in the private sector, intel, which once upon a time was a great chipmaker. it has not been a great chipmaker for many years. it has been flooded with government subsidies and that goofy chips whatever it was called, act, passed in the summer or the spring of 2022 which was a terrible bill and shame on the republican senators that voted for it but intel got killed today, down i think, what, down almost 30% and that's been a long-term story for them and they got all this government money, all of it, and it still didn't do them a bit of good because their engineering and innovation is lousy. so i don't mean to tee off on intel, but that's it. >> the worst stock market performance since 1974 for intel and they laid off 15% of their workforce. 15,000 american workers. larry: the obamas, the bidens and the harriss are shoveling money. charlie hurt, seriously, i mean, seriously, kamalanomics. here she is, newly-crowned

today. we cover that later in the show, but she's going to be blamed for this. >> yeah, and i think this is why you see the left wing press doing all they can to sort of extend this honeymoon as long as they can because they want to talk about these things that make no sense that don't quite frankly matter to regular people but as scott says, this has been going on for a long time and people where i live in southern virginia have been feeling a really bad economy for a very long time, and you can't blame that. she can try to blame it on donald trump. she can try to blame it on ronald reagan if she wants to but it's not going to work. people know and they know that prior to 2020 and prior to the pandemic, they were doing really well and feeling a whole lot wealthier and when you look at the precise policies whether it is the open borders, or the assault on american energy independence that has caused all the mayhem around the world, but also in terms of gas prices and things like that, when donald

trump talks about those things, people know he's telling the truth and they want to buy what it is that he's selling and that's why the left wing press is going to do everything they can to keep it from ever having any issues. larry: so that raises a very important question. i'm going to pause it that kamala harris and her people, blaming donald trump for today's jobs report, or an economic downturn or a recession hurts them more than it helps them, because it is such an incredulous proposition. i mean, not only because of the prosperity he brought as president, as you just stated, but also, you're sitting there, honestly. he left office in early 2021. this is now the latter part of 2024 and you're blaming that guy for three and a half to four years? in other words, ordinary folks look at that and they go huh?

in other words, these lies, which is all they are, hurt rather than help. it's like when joe biden said he inherited 9% inflation. okay? >> right. i do think it's even worse than when they try to tell you actually the economy is great for you. you may not be able to afford groceries or gas but great for you stop complaining. i think it's worse than that for exactly the point because they're lying and why are they lying? they are lying to help themselves stay in power and people sense that and they despise life long politicians who do that. larry: and scott, you know, just to your point, we've got to get out of here but just to your point. the upper crust has done very well. i mean, i think really it's the upper upper crust and when you look at the politics of this today, who really runs the democratic party? it's the upper crust. okay? it's the elites of the two coasts. it's wall street and silicon valley and maybe silicon valley not quite so much and they've made a ton of money because of

the easy money and the government subsidies and all the rest, you're quite right but donald trump has been making this into a working folks party, blacks, browns, asians, young people. i think that's fair, and t theye the ones who have been hurt the most by bidenomics whatever it is, it's just bad. >> they are inseparable because as we saw in the debate, joe biden has not been running anything for months, maybe years, so the vice president has to have been running things, so she's trying to run from this but she owns it and well let's recall that the american rescue plan and the inflation reduction act both were 50/50. larry: her votes. >> kamala harris cast the deciding vote. she created this. larry: i've made the same point. it's a very important point. she didn't have to do it, but she did it. she didn't argue against it.

how should charlie hurt play this on his portfolio? i think he owns the indexes. should he just stay with it for the next 40 years? i want to help him out. >> quit working. larry: fabulous. if you work for income they will take all your money in social security. by the way i think it's fairly cool. trump wants to stop the social security retirees tax. by the way, you can index the thresholds and it comes out to from 25,000 to $80,000 today. kevin hassett and i was doing the arithmetic this morning so trump has the right idea. >> charlie should tighten his belt now but hope is on the way. real fast. >> what i think is very funny, kamala harris says donald trump wants to go back to the past. americans want to go back to the past. 2017 and 2020. larry: that's exactly right. >> they want real gains in their portfolio, real wage gains, housing they can afford. larry: i love those trump years, but i don't want to go

back to the 50s man. scott thank you ever so much, charlie, remember charlie will be co-anchoring tonight with dagen on "the bottom line" with dadagen mcdowell. coming up on kudlow, could the secret service actually not see the sniper in butler pennsylvania until after he shot at trump? that's what came out in the press conference today by the acting director of the secret service. it is beyond belief, it begs in my humble opinion, so anyway, we'll talk to the israeli defense forces special forces veteran aaron cohen, whose an expert on all things security. me, i'm kudlow. folks tighten your belts now for a couple months. help is on the way. i promise.

♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet.

taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪ [introspective music] recipes. recipes written by hand and lost to time. are now being analyzed and restored using the power of dell ai. ♪

with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity.

larry: all right the secret service held its first presser on the attempted trump assassination. fox news david spunt has got some details for us. david? some of this stuff seem new and not good. reporter: yeah, larry, a lot of questions still almost three weeks after the shooting. the acting secret service

director came out of the gate and opened the press conference with this. watch. >> the bottom line is this , david. this was a secret service failure. that roof line should have been covered. we should have had better eyes on that. reporter: and i asked him about the video obtained by fox news from james copenhaver, one of the men who survived on july 13. you see who appears to the the suspect running back and forth on that video in that red circle there. this is while the former president was on stage. if you sync it up it's three minutes from that moment to the moment the former president was shot and here is the director on that specific piece of video. >> this was a failure. we should have had better protection for the protectee. we should have had better toronto racoverage on that roofd some other set of eyes from the secret service point of view covering that. that building was very close to the outer perimeter and we should have had more of a presence. reporter: so blunt words there.

the secret service morale at a low point. i've talked to several people in the agency confirming this fact. one long time agent told me the following today. it's not kind to upper management calling managers "the kings of cover-up" this person says, the three things that failed us in butler, meaning pennsylvania, were lack of communication, which is a leadership issue, lack of personnel which is a leadership issue and lack of technology, which is also a leadership issue. this person went on to say we were horrible at retention and horrible at hiring and the people that need to be fired are the people in leadership, of course this is just one employee but others feel the same way too. director rowe told me if people are fired he will make that public as much as he can, but it's still too early. he says people are afforded due process and we have to remember the secret service is not investigating anything on a criminal matter. the fbi is in charge of the criminal procedure. after the fbi does their interviews, on the criminal angle then the secret service

will at some point, we assume will take action, whether it's suspension or firing but a lot of people want to see that now. larry: david spunt thank you very much. we appreciate the update. for more on this let's bring insecurity expert aaron cohen, israeli special forces veteran. my favorite freedom fighter. aaron cohen, hang on. i want to hear some more, from this guy rowe about the shooter moving around on top of the roof. just listen to this for one second, aaron. >> based on what i know right now, neither the secret service counter sniper teams, nor members of the former president's security detail had any knowledge that there was a man on the roof of the building with a firearm. it is my understanding that personnel were not aware the assailant had a firearm until they heard gun shots. larry: aaron cohen, i must tell you, i'm a lay person, i watch this horribly in horror.

i looked at all the telephone pictures. i find this incredible. they didn't see this? i mean, bystanders, civilians saw somebody moving around the roof of this building, and they're telling us that the secret service, the snipers, the sharp shooters, the veterans didn't see him? really? is that possible? >> yeah, larry, well donald trump almost got killed. complete failure. this is a multi-layered security law enforcement agency. this was the elite law enforcement protect if agency. here is where i'm at with this , larry. i don't care about this investigation. i don't need the fbi to spend six months telling me that this kid whose on the roof was x,y, and z. thousands of kids out there want to kill trump. you start pumping eight years worth of anti-trump messaging into the lexicon calling him

hitler and his followers fascist, you're going to create evil little kids who are going to pop-up and anyone could have taken that shot from 120 yards. my issue here, larry, is what is the agency doing to get back to operational elite levels of capabilities? if i was the director of the secret service, larry, this guy ronald macdonald, whatever his name is, be gone. he's just what cheatle did but he's using more theatrics and grounded in the way he speaks to the press. been a little more cool-down time but the fact is he didn't give one answer. he keeps reverting back to the investigation, the due process, the integrity. i want integrity. where was the integrity when donald trump had his earshot off and when the shooter was running around on the roof for three minutes, the integrity with the advanced team which was completely non-present on the day. every one of these programs, larry, every one of these operations are custom built. whose the agent in charge?

who is his deputy? who are the agents on the day? why are they still operational? larry: that's a great point. i don't mean to cut you off but this is, again, as a lay person, but i was talking to my producers before the show about this very point. okay? i don't care if he's going to fire people right now, but, but, but, i would suggest as someone who has run large staffs inside the white house, i would suggest that when you have catastrophic errors, mistakes like this , that all those agents who were working at the butler field rally for mr. trump should be suspended and all the time should be spent interviewing -- >> administrative leave. larry: that's correct. time should be spent interviewing them to figure out where, why, how, and how to improve it. they are still working, aaron, they are still working. god knows what havoc they will

have, having blown this. are you telling me here, the idf wouldn't have seen somebody moving around on the top of the building 125 or 150 yards from the former president? really? you think that? they just unloaded a hamas big wig in the middle of tehran and our sharp shooters couldn't see this guy? >> that's right. larry: it's an outrage. >> larry here is what i'd do. if i was director of the secret service i would gut this agency and split this thing open from the ground up. i'd start with the recruitment. all this dei ideology has got to go. you was in to have dei, diversity and inclusivity, it's all cool. you can do that. not in the protective law enforcement space number one. number two, i would gut and rebuild that entire training pipeline. i saw that out of shape woman. no disrespect to women, larry we've got killers in the idf. i train swat teams around this country and i've seen very capable woman who can put their

hands-on men and put cuffs on them just as quick as a man but it was not that woman on the day fumbling traying to get her pistol back in her holster hiding behind the stage and the reason why that woman became the cover and the reason why the secret service morale is at an all-time low is because she became the face of that disfunctional non-merit-based garbage and that acting director, get his ass out. i don't care about this investigation. i would gut and rebuild that training pipeline based on merit and behavioral-based training under fire. i would rebuild entire thing. otherwise dead in the water. larry: prince aaron, i love you. you're giving us great common sense as you always do and your expertise and we appreciate it ever so much, truly. folks, here on kudlow coming up, kama's coronation is complete, that's kkk. no it's not, kcc, but i still don't get what happened to joe

biden. honestly i'm still looking for him after i saw him last night on the tarmac, welcoming back the american hostages, which we are thrilled to see the american hostages back. anyway we'll talk about this coronation business and what happened to biden with congress and jim jordan, up nexj for kudlow. e card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours.

nice to meet ya. my name is david. i've been a pharmacist for 44 years. when i have customers come in and ask for something for memory, i recommend prevagen. number one, because it's safe and effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. it's pods biggest sale of the summer is extended. save up to 25% on moving and storage until august 12 and see why pods has been trusted with over 6 million moves. but don't wait, use promo code big25 to save. visit pods.com today. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com

if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs. now if you like this... greater freedom... you'll love that medicare supplement plans

have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan.

larry: all right, as of today, kamala's coronation is complete. i'm still trying to figure out what happened to joe biden. joining us is ohio congressman jim jordan. mr. jordan welcome back, sir. i'm going to play some tape on this announcement. you'll love this one. hang on a second. >> okay. >> i am so proud to confirm that vice president harris has earned more than a majority of vote from all convention delegates and will be the nominee of the democratic party following the close of voting on monday. larry: i just love this. what happened to the 14 million who voted for biden in

the primaries? what happened to that pro-democracy oh, and by the way whatever happened to biden? >> well, i also think the bigger takeaway is remember, in three years and seven months, we went from a secure border to no border, and the democrats just made the border czar their nominee, so, i mean, you can do all the coronation. you can say all the wonderful things you want about kamala harris but in the time that she's been in the biden administration we went from a secure border to no border, safe streets to record crime, $2 gas to $4 gas and stable prices to record inflation. so, that's the record. it might all be warm and fuzzy and great now but that doesn't change the facts. larry: well i would add to you since you got your economist hat on, which i love, the numbers out today, the terrible jobs numbers. the market smack down. you're on the front end of a recession, jim jordan. you're on the front end of a recession. it's not quite here yet, but the signs are proliferating.

>> and she wants to raise people's taxes. if she wins the election, people's taxes, she wants to takeaway your healthcare and all of the other left wing ideologies and positions she has that are only going to exacerbate the already bad economy we have in the biden-harris administration. larry: but don't you think it's odd, for example, the dnc has a vote. they don't have a convention. they have a vote today or they are still voting or something, i don't understand their system. >> something virtual. larry: call it virtual. republicans actually had a convention, a damn good one, you were there of course. we were covering it. democrats, i don't know, chicago could be a big mess. i have no idea. maybe they will cancel the whole thing. they canceled joe biden. nobody can figure that out. they canceled 14 million delegates who voted for him in the primary. nobody can figure that out. i mean, biden met the hostages coming home last night, which is wonderful for americans and their families and so forth but it was kamala who did much of

the talking for him. >> yeah, no, that was good that the hostages came home. we all should be celebrating that. larry: yes. >> but you're right. who knows what's going to happen at this convention and i like the term you use. remember the democrats are the cancel culture party and as you said they just canceled joe biden and said nope, we don't care that you won the primary. you had 14 million people vote for you. sorry, we don't think you can win, so we're going with someone who we think has a chance. i don't think she's going to, based on the policy, based on the facts we've seen, in the three years and seven months that this administration has been in power, but they seem to think they have a better chance and that's why you've got this coronation where they make kamala their nominee. larry: well hang on to your belt, okay? today, sometime around the middle of the day i think, kamala's people put out a press release blaming today's lousy jobs numbers on donald trump. trump is to blame for the unemployment rate.

trump was to blame, you recall, for the 9% inflation rate. trump was to blame, you may recall, for the crashing economy, which was growing at 6.5%. trump was to blame for the fracking problems. trump was to blame for the border problem. show me where this is, you know, she needs to go into intense therapy. that's what i think. >> yeah, that is ridiculous. no ones going to buy it. president trump hasn't been in office for three and a half years but when he was and when you served in that administration, we had real wages go up, when we lowered the taxes on the american people and frankly, on american businesses, lowering that corporate rate was huge and helps families in every demographic in the population, real wages went up contrary to where they're at now where the buying power and if you take your family out to dinner, take your family out to dinner on a friday night and see how with inflation what it costs just to go out to dinner with your family. it's ridiculous so they can say all they want but no one buys that.

larry: mr. jim jordan the best of the best. thank you, sir have a fabulous weekend. i'll see you soon. all right folks let's talk a little bit about energy. joining us now, north dakota senator john hoeven, oklahoma senator markwayne mullin. in a sea of lousy news today, you're both from, in a sea of lousy news today i was reading that what is it? the barosso manchin bill, improving, speeding up, permitting so we can open up the pipelines in alaska and the xl and new mexico and the gulf of mexico. that actually got through committee, senator hoeven, so i know it won't pass probably but does that pave the way for next year? >> yeah, i really think it does. it went through committee with a strong bipartisan vote so it actually should get to the floor but as you say it's questionable whether senator schumer will get that done, but the key is we've got to expedite

the permitting. we've got to reduce the regulatory burden so we can get energy to market and also this bill ends president biden's moratorium on exporting lng. i mean, think how stupid that is, and so again, this is about making america energy dominant again, as it was under president trump. we need to do that again for the benefit of our own country and our allies. larry: well senator mullin, we can only take so much good news so here is the other side. senator schumer, majority leader schumer has codified a bill. no kings act. okay? declaring war against the supremes again, and he wants to change the supremes decision that there is presidential immunity for official acts. so i don't know. he's got a bunch of democrats signed up. what happens to that, senator mullin? >> well it's not going to go anywhere but here is the real issue. the democrats constantly decide

that they don't want to go with the will of the people or the will of the court, and so they try to go at it their way. they don't like the nominee that the democrats pick, with joe biden, they will just change it in the middle of it. if they don't like the way the supreme court rules, they are just going to pack the court. if they don't like the way that the american people goes with elections they are going to say that people stole the election. the issue we run into is that's what socialism is. that's not the will of the people. it's the will of a group of people that wants to make a decision for the people. not the people making the decisions. larry: yes, sir. senator hoeven, i'm sorry we always run out of time because we have breaking news, but i think though senator mullin is right in one important way. this bill won't stop at the immunity issue. they want to pack the court. if they had their way, if they could get a majority, if they could beat down the filibuster at the bottom of this , the democrats and i believe vice

president kamala harris want to pack the supreme court. i give you the last word, sir. >> 100% absolutely you are right on. this is about politicizing court packing the court and then bringing, yeah, the district of columbia and puerto rico in as a state and trying to stack the deck in terms of the senate as well. i mean, no question about it. this is politicizing the court. we're going to stand up against it, and do everything we can to make sure that it doesn't happen. larry: gentlemen, i apologize for the shortness of time but you're both terrific. you make good points. we will talk soon, senator mark markwayne mullin and senator john hoeven. coming up on kudlow, much more on the secret service's failure. honestly, i just cannot get over the mistakes that were made and this sort of quasi cover-up that's going on. anyway we've got the great claudia tenney, and we've also

got former sniper sharp shooter, cory mills, when kudlow returns. 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.

ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff.

larry: all right joining us nows new york congresswoman claudia tenney and florida congressman cory mills. okay, claudia, hang on a second. i want to talk to corey about

this. you and i are going to go to israel in just a moment to talk about that but i want to go to cory mills. you were an advanced counter sniper for the state department and other patriotic services for this country. look, today's news conference with this fellow rowe from the secret service, they didn't see him on the roof until he fired? there was no communication with the local police kh whistleblows are saying, and their funds have been cutoff? we just had aaron cohen whose the best of the best, you probably know him. i can not handle this. i almost cannot handle this it's so bad. >> well, you're exactly right, larry. look, if the acting secret service director rowe thinks this is going to be a sufficient amount of press coverage he's got a sad mistake ahead of him because i can tell you myself, congressman eli crane, we went

and got on the buildings of both of the counter sniper positions as well as i laid down in the exact position of thomas crooks and i can tell you that the capabilities to be seen from that elevated position from the advantage point saw, you could definitely see him moving around. i also have whistleblowers who have come forward who said they are thomas crooks 20 minutes of watching him and were texting back and forth, who let antifa into this event, so there's a lot going on here. they refused aerial surveillance drone by the local law enforcement. we're confirming that the secret service missed the morning briefing. that would allow them to talk about communications plan and then we got where they are refusing to provide the actual data when it comes to the range sniper cards and when it was actually who did the advances to approve the venue because i can tell you i've confirmed this , with command star ken cristo, we've done about a thousand of these advances and i would not have approved this site

as the site for the president when you could have utilized the private airport only 15 minutes away, which he's done in the past that would have had less over because there was 16, 17 buildings out there, larry, that you could have shot from. not just ones at the 3:00 of the stage but you had about 12 others to the right of the stage or to the left of the stage and right in front of you, the kubota dealership there's only 400 yards, we laser range finded it. this was a colossal mistake. gross negligence and purposeful intent will be because of how this was handled. larry: you're the expert. i don't have disagreement. claudia i was looking to say every person on that butler papatrol, every secret service person there that day, i don't care from what level to what level should be put on administrative leave and not be allowed back into the field,

claudia. this is my view until the full investigation, but they should be spending all their time, 24/7, cooperating with the authorities, to get to the bottom of this , but they should not be in the field. they have lost that right and that's all they should do. okay? then after that, they can do it. just give me a quick, i apologize we run out of time. >> look i agree with you larry and corey is exactly right. he's an expert. this is an epic fail. one thing the 9/11 commission told us is we need to work together and put experts in the field. you can not have people who are not, who are political appointees and serving for political reasons, they have to serve everyone in america and that's the real problem here is we have a political law enforcement agency from the department of justice, secret service, all of them have become politicized because of the leadership at the top. luckily, she stepped down, but it also goes right to the top with joe biden and kamala harris. larry: i'm afraid so. apologize, lack of time because

of breaking news on this very story. we'll get back to both of you, claudia tenney, cory mills you're wonderful. thank you ever so much.

things will go wrong for your customers. but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create.

♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ ♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪

♪ with my arms wrapped around... ♪ larry: three the quick points. one, we are on the front end of a recession. two, secret service acting director rowe dug an even deeper hole, and tree, optimistically, help is on the way. and that help, by the with way, includes elizabeth macdonald, as always. elizabeth: i'm the forty