have to see the current downturn as a buying opportunity. but there is the potential for more volatility. and more whip sawing in the market, kelly. can. kelly: and just really quick, amazon, i mean, we've seen the consumer weakening. you like them. is this an aws play? if. >> i really think it's an aws play with 19% growth on aws in the most recent quarter: and the consumer weakening, i this -- think it strengthens amazon. kelly: all right, jeff, we'll be watching those names especially when nvidia reports. markets closed slightly higher but slightly down for the week. on monday liz will be joined by imax ceo with, rich gelfond. i'm kelly o'grady. that's going to do it for "the claman countdown" today, "kudlow" is next. ♪ larry: hello, folks. welcome to "kudlow," i'm larry

kudlow. so kamala harris says she won't meet the press for at least another three weeks, but mr. trump is telling the press and the rest of the country he's gonna cut taxes. first up, we go to peter doocy live at the white house. so, peter, when's she going to talk? she's got to give you an interview straight up. >> reporter: you know, larry, i have interviewed the vice president back when she was a senator right before her presidential campaign ended, before any votes or caucuses actually happened. so we will put ourselves forward as willing to interview her. but it's been three months -- three weeks since she ascended to the top of the ticket. it might be three more weeks until she actually sits or stands for more questions. listen to this. >> reporter: when are you going to sit down for your first interview since being the nominee? >> talk to my team. i want us to get an interview scheduled. >> reporter: that first q&a since becoming the presumptive nominee only lasted about one

minute, and donald trump says he believes he deserves bonus if points for going about 60 times that long with yesterday's hour-long presser. >> she can't do an interview. she's barely competent, and he can't do an interview -- she can't do an interview. what are we doing right now? you know why she's not doing a news conference in she doesn't know how. she's not smart enough to do a news conference. and, i'm sorry, we need smart people to lead this country. >> reporter: harris has a already been the vice president for more than three years, but the campaign thinks she needs to be reintroduced to the electorate. ♪ >> she grew up in a middle class home. she was the daughter of a working mom. and she worked at mcdonald's while she got her degree. kamala harris knows what it's like to be middle class. >> reporter: and so that is how the harris-walz campaign would like to get her back out there, with slickly-produced, scripted ads as opposed to the anything that is unscripted or live or off the cuff, larry.

larry: peter, i'm just trying to work this through. so she hasn't given an interview in the first three weeks, let's exclude that one minute, and you're saying she's not going to give an interview for at least another three weeks. so, therefore, the major party candidate, democratic standard bearer, will not face the press for six weeks. that's almost as a bad as a joe biden. >> reporter: that's if they run it to the end of the month like she said is possible. and i'm not a communications strategist. however, end of this month is the friday before labor day, and so it's entirely possible they just decide to dump something there where, if there is a mistake or if there is something that they don't like that's not going over well in the public, it will be as quickly forgotten as any weekend before election day. larry: all right, i get it. thanks very much, peter doocy, as always, in washington d.c. all right, folks, worried about recession? cut taxes, not interest rates.

that's the subject of tonight's riff. ♪ larry: all right. so it is press conference -- in his press conference yesterday, former president trump made it absolutely, 10100% -- 100% clear that he was the candidate of tax the cuts and kamala harris the candidate of tax increases. maybe she thinks she's the new walter monoif dale who campaigned on tax hikes many years ago and lost 49 states. after all, her are running mate in a far-left progressive from minnesota just like mr. mondale. now, in view of the shaky stock market and rising unemployment and a softening economy, mr. trump's tax cut pledge and his fight against ms. harris' tax hike plan is going to become a super important issue in the last three months of this campaign. now, take a listen to what he said at yesterday's presser. >> but they always say we're binning to give you a tax increase, but -- we're going to give you a tax increase.

i've never seen people get elected by saying we're going to give you a tax increase. and i'm going to work with it out that a there's no tax the increase on social security for seniors. i'm also doing no tax on tips. larry: there you go, there you have it. that sends a very strong message to voters, especially middle class voters who are increasingly worried about rising unemployment. for example, good piece by columnist salena zito writing in the new york sun, reminds us that middle america after struggling with high prices for three and a half years are now faced with rising unemployment. in fact, while overall unemployment has a gone up from 3.4% to 4.3%, unemployment for those without college education has recently hit 4.6%. so it's a double whammy. high prices and job losses, these are typical working folks. they're hard hats, oil and gas workers, people that toil every day with their hands. it's an unknown species for wall

street and silicon valley, but it's the backbone of america. and trump is talking directly to them when he says i'm going to cut your taxes and fatten your paychecks. now, here, take a listen to some more. >> our tax the cuts, which are the biggest in history, our tax cuts are coming due, as you know, very soon. if they don't renew them, it's the equivalent of having a four times tax increase from what you have right now, and it'll destroy the economy. larry: all right. so remember, typical families have already taken a roughly 4% pay cut during the biden-harris years. now, in fact, in order to hammer home the kamala-nomics tax hike threat, maga pac is publishing a kamala tax calculator. here's one example. a married person filing jointly under 65 making $75,000 a year with two kids would lose $2,828

every year under the kamala-nomics tax hike. that's real money. now, as far as the softening economy which may well be on the front end of a recession, i believe a reduction in tax rates would be much more beneficial than emergency fed rate cuts. if the fed starts slamming down interest rates and pumping up the money supply, we're going to get another bout of inflation. last thing we need is more fed pump priming. already the world is overleveraged and overborrowed. the japanese yen carry trade has smashedded stock markets. at home the magnificent seven tech stocks are overleveraged. the consumer has take on way too much debt while paying delinquencies are rising. the economy doesn't lack for money and debt, it lacks for free enterprise incentives. but suppose washington is really worried about recession.

then how about an emergency reduction in business and personal tax rates? if that would boost economictive incentives, generate more work effort and produce more goods which would increase growth and curb prices. and then layer onto that some drill, baby, drill to produce more oil and gas at lower energy prices. more growth, lower inflation. this is basically what mr. trump is talking about. tax cuts spur growth and opportunity, tax hikes will bury us into recession. this is why trump's tax cut message is so totally on target. and that is the riff. all right, joining us now to talk about this and and other things, david malpass, former president of the world bank, michael faulkender, former assistant treasury secretary. chief economist of america first policy institute. i mean, i'm going to stand by

this, david malpass. i'm -- let the market set interest rates. i don't want the fed lowering rate. i'd rather see tax cuts rather than rate cuts. how about that? tax cuts are more important to the economy and america's future than more fed pump-priming and all the rest of it has gotten us into trouble. what do you think about that idea? >> the reason tax cuts work is because it causes more incentive to work and more incentive to produce. it helps a hot on inflation, and it also helps on income for people. so from a political standpoint, president trump is right that he has never seen someone win on a tax-hiking platform. so my thought is maybe vice president harris will pull off that and say, no, you know, we're going to keep taxes okay for everybody because they will figure out that this is really important politically and from a growth standpoint.

interest rates, i think, are not the key variable, it's taxes. larry: mike, kamala harris is already out there talking about raising taxes. i mean, she blames business for everything. she blames businesses for inflation and price gouging and all the rest of that stuff. she's a tacker through and through. she -- taxer through and through. she wants wealth taxes on unrealized capital gains. she wants the roll back the trump tax cuts. i mean, you saw this, you know, tax calculator thing. almost $3,000. family of four, right? married, filing jointly, 75 grand a year, they pay $3,000 more in taxes under kamala harris, michael faulkender. >> well, larry, it's just a fundamental difference in economic approach. do you trust the american people to spend their own money in the way that they think is best for themselves and their family, or do we instead need bigger government taking in higher tax revenue and deciding how to

spend it? so, larry, not only do we need to focus more on making sure people have more money in their pocket rather than a lower interest rate on any debt they take out, but the other big thing that president trump offers is deregulation. let's have the government stop telling businesses and individuals how to run their lives and instead allow them to figure it out for themselves. and so if you couple an extension of tax reform with a deregulatory environment are, we can grow our way out of a lot of these problems that the democrats are creating. larry: david malpass, who was walter mondale and where was he from? >> he was from minnesota -- [laughter] i guess he ran but didn't do well in some election, i forget. larry: why? what did he run on? what did he say? [laughter] >> he ran on higher taxes -- larry: yes. >> i forget the details. it doesn't matter because it's deep history. it's gone -- larry: and kamala harris has chosen a running mate who was governor of what state?

[laughter] >> minnesota. larry: ah. >> the one state that didn't vote for ronald reagan. and, you know, the rest is history. he had huge growth in his second term, and it was the based on the aftermath of good tax cuts that that really made it work. can i say one thing, larry? you know, the fed is in a bind, so i'm a little bit sympathetic. they're the biggest carry trade in the whole world. think what they're doing. they're borrowing on the short end to buy and prop up the stock market, and that that only lasts so long. larry: i know. >> so i think they're doing a lot of work in the administration. the treasury is borrowing short, the fed is buying long, and so they're really manipulating it to try to get to november. larry: yeah. i mean, that raises another point, michael. the whole world is overleveraged right now. you know, the whole -- not the stock market. the stock market is still down i

think 13% from the selloff last week after the ism report. it's come back a little bit, but it's still off -- i'll get the right number in a second. but the point is the yen carry trade, that was because there was essentially a zero interest rate on japanese yen funds which then the central bank raised their target a quarter of a point, and then the yen currency which was in the dumps started to come back. but i'm saying that was a leveraged trade. overborrowing in the yen. now -- that trade may not be over completely, or the consequences. here at a home the magnificent seven tech stock, even the biggest wall street bulls acknowledge that they're overleveraged and overborrowed, there's too much money in there, and, of course, consumers have compiled so much debt and, yes, the federal government has compiled so much debt, and they're financing it in the wrong way. and that's why i think tax rate cuts are much more important -- if market rates want to come down, let 'em come down. that's a different matter.

what we done need is more fed easing, more money supply, more artificially cheap money that's going to blow up in our face. again, the stock market crack-up earlier this week, i don't think it's run its course. but whatever i think, that's the risk. >> you're right, larry, because there is entirely, as you said, too much borrowing going on, and what what a lower interest rate environment does is it discourages savings and encourages more borrowing. the idea that what we need to do is get more debt on top of, as you said, corporate balance sheets, household balance sheets and the federal government more than anything else as if the debt we already have isn't creating a big enough problem. the fed coming in and incentivizing more of it is exactly the wrong solution. let's stop relying on the fed to fix the bad economy created by bad fiscal and regulatory policy. let's instead get a tax code that encourages growth, a spending series that actually the is affordable and a regulatory environment that

encourages private sector activity rather than think the fed can come in and micromanage the economy. larry: there you go. david malpass, unemployment is rising, jobs are slowing, ism manufacturing falling, housing falling, consumers holding on maybe barely because of all this debt, and, of course, the government is borrowing like crazy. i don't think it looks like a healthy economy, and i want to ask you, do you think the economy is at the front end of a recession? if not a recession yet, but the beginning of what could be a recession? >> i think we clearly have a slowdown, so it matters what policies you do into 2025. markets look ahead. but the distinct thing, to me, is the difference in -- if you're in the upper crust within the economy, you're doing fine because they have set up a set of policies to benefit people with money and with assets.

and that a leaves most of the people in the economy behind. they don't have, they don't have the stock, you know, a big stock market portfolio. well, most of the voters are going to have to look at this and say this is not a good economy for me, but inflation is eating up my earnings, and i may get one raise, but i'm falling behind year after a year. and, larry, final point is vp harris is running on biden's record which is for slow growth all the way year after year into the future. that's the forecast for this economy. larry: yeah. well, that that's what you get when you raise taxes is and regulations and bumping up the government is not the path to prosperity. gentlemen, thank you, david malpass, mike faulkender, we appreciate it. coming up here on "kudlow," was president trump on message yesterday at his mar-a-lago presser? we're going to ask englished historian victor davis -- distinguished historian victor

davis hanson coming up. catch "kudlow" monday through friday at 4 p.m. right here on fox business. if you can't catch us at 4, please, text your favorite 9-year-old, and she will show you how to dvr the show, and you will never miss a tax cut, i promise. ♪ ♪ oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. 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

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larry: all right. a great essay by distinguished historian victor the davis hanson, how trump can win or lose the election. joining us now is the aforementioned victor davis hanson, hoover institute senior fellow. victor, welcome back to the hoe. to the show. so what's your -- the thesis, i mean, i'm going to ask you how he did yesterday at the presser, did he hit the right spots, but you're basically saying two things, as i understood it, i read your essay. he's got to hit hard on her vulnerabilities on policy issues, but he's also got to tout his own. you were talking about tax cuts in the first segment and closing the border and restoring law and order and getting the economy moving again. what you think? first of all, how'd he do yesterday? >> well, he did well in the sense that he was on his feet and he fielded anybody who wanted a question for an hour, and that is the in dire contrast

with both harris and walz, so that brings home the point that's out there -- he's out there, fair game and they're not. and they have the added bonus of a protective media, and he has a hostile media. that a said, i think he needs to emphasize with only 85 days left just what you said. he's got to stick to two themes; what he did in the past compared to biden-harris and what that will be carried on in the future and that these are the two most left-wing candidates we've ever seen really in the modern era and what they will do. and he's got to avoid the generic adjectives like she's stupid or they're a cast. he has to qualify that and give us some detail. if he says she's stupid and she can't answer questions, he needs to say why is it that she will not go out there and, like most normal candidates, five or six times a month meet the press. otherwise it just sounds like a generic if trashing, and and he should know that the -- she can

call him a predator every day, and the media thinks that's fine. he says that she's stupid, and he's portrayed as racist. but the real subtext is he doesn't have time. he only has 85 days to define these people who, for who they are. he needs a lee atwater approach, 1988. >> i love that line, by the way, he was an old pal of mine. you know, it's funny, because i don't really think she's stupid. i think she's mistaken. i think she's very badly mistake on all these left-wing, progressive policies. so you're writing here, mr. trump must hammer away that biden-harris has left us with $1.22 trillion in yearly interest bill on the debt, higher interest rates, 10 million unaudited illegal and often dangerous aliens, a nonexistent border, prices on staples essential to life like food, fuel, power, housing, insurance and so forth and so on. right. now, i think he got some of that done last night, i myself would

give it about a b+. but the point you just made, a lot of friends of mine say this to me, leave the personal stuff alone. frankly, i don't think she's stupid, but i just think she's wrong. and i think she would -- this is just my editorial, she's wrong. and if elected, she would lead the country down the wrong road. that's the way i look at it. and i'd love to hear him say that. >> yes. and i -- you can use the personal if invective if it's connected with a policy, so he could say she's naive and dangerous because these policies will make life worse for the middle class, and she's deluded. but when you say something generic and colorless like she's stupid, it just comes across as a fodder from the media to detract another day, another eight hours from the critical win toe that he has to redefine them. the caucus -- dukakis was ahead 17 points against george bush in 1988, and they only had about three months, and lee atwater said, you know, he's not a

technocrat, there's no massachusetts miracle, he's not just non-ideological, he's a hard core, liberal boston -- and here's how. and he ran those ads, and bush won by almost eight points. so it can be done, but you have to be disciplined. and there's not a lot of time, and he's going to be outspent. larry: just one last one quickly, victor. your saying to -- you're saying to mr. trump, he should ask harris, you own these policies, so why are you suddenly ashamed rather than proud of what you did? i love that. right? she owned -- she was -- >> yes. larry: she was the co-pilot for inflation, for the border, for the crime, for the overseas collapse, right? she was the co-pilot. why is she running from them? >> exactly. he needs to say not just that you let in 10 million, but aren't you proud that a you did this? what was the point behind it? you should be bragging because you did it, and he should say you gave us 20-30% inflation.

was that spread the wealth, or what wases the logic behind it? if why don't you brag about it in why are you now retreating from the damage you did to americans because you didn't think it was damage, apparently, or you wouldn't have done it so brazenly. he has to call her out on it, make her own it. make her proud of what she did. but no time for invective because it's -- time is growing short in this campaign. larry: thank you. victor davis hanson, terrific stuff, really appreciate it. >> thank you. larry: all right, folks, coming up here on "kudlow," why haven't all, and i mean all, the secret service members who worked in the butler field in pennsylvania, why haven't they all been put on administrative leave, under investigation? take 'em out of the field. and then there's some alarming new tape on this whole subject. we've got congresswoman claudia tenney and congressman pat fallon. and remember, folk, "kudlow" is available as a podcast. episodes every week day right after the show on spotfy, on

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larry: all right, america wants to know about this secret service investigation, how it was possible that a this assassination attempt on mr. trump occurred. let's get an update. we have the great new york congresswoman claudia tenney, and we have texas congressman pat fallon. pat, you're great too, a member of the house trump assassination attempt task force. anybody that comes on here has got to be great, it's fantastic. [laughter] but in all a seriousness, pat, you're on the task force. look, we started this conversation last night. i mean, i'm -- this investigation may be going on, but it's off the front pages. now, we're going to play the tape, this new tape, from the local cop in a moment, but what is going on here? and my direct question to the you, pat, is how can we -- how

can the government, how can the task force allow those secret service members to still be in the field until and unless we come to the bottom of this investigation and what went wrong? and i don't mean to demean everyone in the service, that is not my intent. but when a catastrophe occurs, you've good to do -- got to do something about it. and i think they should be, you know, giving evidence 24/7. they should not be in the field until this thing is figured out. what do you think? >> larry, i think you're making a lot of sense and, furthermore, the task forces' mission is to talk to every single officer that was on site in butler on the 1313th of july. and i'm talking local, state and federal. and we also need to let all of them know if they need it, or we'll give them whistleblower protection, because we have to find out what happened. further more, you've got the folks that were responsible for the protectee that day, and you've got the folks that were

responsible for the perimeter. we till don't know who approved the site plan. this and many more things we're going to find out at that level. larry: i think you have to. claudia, going to get to you in a second. here's the new tape. we're just going to play this body cam footage. here it comes. >> [bleep] told them they need to post the guys over here. i told them [bleep] >> who? >> the secret service. i told them thursday. i told them to [bleep] post guys over here. larry: so, claudia, in a sense we knew this. claudia, since we knew that the commune -- communication between the local cops expect service and i don't know where the fbi falls out had broken down, and they weren't listening. this, too, is part of my point p. americans are, i think, very angry at this. whether you like trump, vote for trump or not vote for trump, this could be any president, for heaven sakes, and we don't seem to be getting to the bottom of it or at least we don't seem to

know how these investigations are coming, and it looks like some of these service people are in the field. and i think that's a big mistake. >> well, larry, i agree with you. i think they should be put on administrative leave especially pending the investigation by the committee that pat serves on. this is a really important point, we have -- after 9/11, the nerve commission came out -- the 9/11 commission came out with a report that said we need to work together, agencies at all levels, federal, local, state, everyone needs to be on the same page. and that is not happening. that's a failure, that's breakdown in communication that nearly cost the life of a former president and and could cost the life of a president or other vicious -- very ips that the secret service has under their protection -- vips. these are really serious issues. the same thing is happening when you look at the border. in new york state, they don't allow our federal agencies, our i.c.e. directors, our i.c.e.

agencies, the customs and border protection, to work with our local police to determine if we have criminals, criminal aliens and people in the midst of new york state who, by the way, get a license and go anywhere in the united states with this privilege. so we've got to work with together, and that's what i think the key is, is the make sure all agencies are onboard. and i'm sure they're going to get down to this in the committee to make sure they have a plan in place next time. just thank goodness we can't have the tragedy that could have happened, although we had a man, a young father who was killed needlessly, and this is also a tragedy. larry: yes, of courses. pat fallon to, a friend of mine, vietnam vet -- i believe he was a marine -- served in combat conditions. he's asking me how did this crazy, dumb can ass kid -- dumb ass kid get the rifle up onto the roof. has anyone answered that question in it strikes me as a good question. have you heard that question? has anyone answered that question, how did he get that rifle up there? >> larry, we have hundreds of

questions to be asked. and, listen, a 20-year-old loner with no training and a week's notice outsmarted and outmaneuvered the entire secret service. from what we're told -- and this is, larry, most of what i know right now is from my personal contacts and whistleblowers that i know from the fbi and the secret service. we haven't through official channels gotten a lot of answers yet, but he prepositioned the rifle, and it's not all that -- he's only 20 years old. it's not that difficult to climb up if you use the air-conditioning duct, so he probably climbed up there, threw the rifle above and then climbed up. it's amazing to me that they didn't secure that a building, because when you look at a satellite image of the butler fairgrounds, that's the first building that you secure. larry: it turns out news reports today, fox news, this kid was taking target practice for quite some while. >> uh-huh. yeah, and he had a range finder, and -- larry: yep. >> larry, he also flew a drone, and the secret service didn't have anti-drone technology with hem, and they didn't fly their

own drones. larry: claudia, last 20, 30 seconds. you hinted at it earlier, sanctuary cities. you know, i'm -- madam vice president harris, a strong support of sanctuary cities and so is her running mate. sanctuary cities, the death of us because hiding these gangs and criminals and so forth behind closed doors, behind closed walls and, again, not cooperating with the local police. what you think? last word. >> everything she's done is anti-police, defund the police. she helped get bail money for people who were burning down the city, all a empowered by governor tim walz. this is terrible, i mean, this is a terrible combination. it's deadly and dangerous for the united states, if these two are elected. let's hope people are smart and vote trump-vance. larry: the great claudia tenney and the great pat fallon, thank you both very, very much. all right, folks, next up, who is running national security

policy? who exactly is the commander in chief? joining us now, my good friend, distinguished former sec secretary of state mike pompeo wrote, also former cia director. mike, thank you for this. start with "the wall street journal" editorial today. kamala harris mystery, kamala harris, mystery commander in chief. i mean, who's running the national security store? who do you think is? >> well, larry, it's great to be with you. you know, we -- i've had this concern, frankly, even before president biden announced he wasn't going to run for another term. it's been difficult to tell who's been running the national security team for months and months and months because the set of policies that they have delivered are both unserious and naive, and the result is really dangerous. we can see the danger in europe, we can see the danger in israel and middle east today, and we now can see the danger here at a home with terrorists coming across our border. you know, president biden had a very, very slow schedule this

week, doesn't look like he's running national security. vice president harris is out on the campaign trail. it is difficult to know who's actually many charge, who's making the decisions that, larry, when you and i were there, we know exactly how this worked. the national security council came together, all the cabinet members that were involved in this, and we developed a plan, presented it to the president of the united states himself, and he was the one making those decisions. i could not tell you who's making them today, and if i can't tell you, i am confident our adversaries think that may -- this may well be go time. larry: that's the thought i had. you and brian did a very good job, in my humble opinion, and i was happy to serve on those meetings. we also know mr. trump was definitely in charge. i mean, look, mike pompeo, next question, all right? serious question. is in any doubt in your mind that if veep harris becomes president harris, she won't cut the defense budget? i mean, her whole stint as senator, as candidate for

president, with joe biden who cut the defense budget in real terms, i believe with bernie sanders and the left-wing progressives of the party they will reduce our defense budget which should be going from, i don't know, 2.5% of gdp to 6% of gdp. that many never happen if she wins -- that'll never happen if she wins. is there any doubt in your mind about that? >> not at all. it will be one of the first things she did to try and spend money on left-wing, progressive things she thinks are of real value, and she will cut real defense spending almost certainly just as, frankly, president biden and she have done while she's been in charge as vice president. our soldiers, our sailors, our airmen, our marines will be less well with off, they'll have less equipment and resources that they need to defend and secure the united states of america. you mentioned a couple names. think of who the cabinet will be filled with, the sanders, the howard deans of the world, and

i'll be shocked if they say, you know, we actually want to build our military and do the things that keep americans safe. and, frankly, protect our service members as well. larry: no, i want you back. i want someplace -- i want o'brien want with, i want ratcliffe back. i think that a national security team the last couple years was very, very very effective. etc. etc. i want to ask you this, everyone all week long has been waiting for iran to attack riles and so forth. now, they have appeased iran for three and a half years and are still appeasing iran, but i just want to to get your quick take on this. god bless the the idf, and and i first heard this from mr. trump. you may have echoed it, i don't recall, mike. but basically, here's what the mullahs in iran understand. here's what the mullahs, the the taliban mullahs in afghanistan understand. we have your pone number, and we know -- phone number, and we know your home address, and you may not wake up tomorrow morning if you act out and do something

crazy. i think that has deterred iran, israel doing it. that's been the most effective deterrence. what do you think, mike? >> i think that's certainly true. we demonstrated that whether it was the strike that was taken on general soleimani, it's reported that, remember, we took out the number two leaders in al-qaeda who was holding out inial tide as well; that is, the cia did during our time. i don't think for one moment any of them are worried about the united states actually taking action that will impose any real cost on the iranian leadership. zero probability event that this team will actually do that at least from the perception of the bad guys. and if the bad guys think they can get a free pass and they can use others to die on their behalf, they'll certainly do it, and i'm very worried about what the next weeks and months will present while president biden is still nominally in in charge of our national security ap apparatus. larry: i'm going the give you 20, 25 the seconds, you believe nippon steel should buy u.s. steel? >> i do.

i think it's important for the workers at that plant, in that facility, the u.s. steel plant. they're going to invest $111.4 billion. -- 1.4 billion. president trump always says we want investment here, that's exactly what it is, and it'll be great for the american steel industry that, larry, you and i know has been incredibly challenged. i'm confident that this investment here in america, in pittsburgh can be across our country, will create more jobs, more wealth, more car won-neutral steel from a technology in a way that will benefit our country and the people who work in those facilities today. larry: there, you did it. that was good too. you really nailed that. well done. i mean, actually -- [laughter] i think what you're really saying is nippon steel is a better bet the keep u.s. steel going than u.s. steel to keep u.s. steel going. [laughter] that's the way i'm reading this. you don't have to comment on that, i don't want to get you in any more trouble than is ordinarily the case, but that's what i think is going to happen -- >> i'm happy to go back in, i'm happy to go and cause more

trouble right alongside you. larry: mr. secretary, thank you, sir. we appreciate it very, very much. >> so long. larry: coming up next, kamala says we're not going back, but a lot of people in america want to go back. [laughter] voters are basically chanting, yes, we can, yes, we can. we'll talk about going back to the trump days, i think, that is, with byron york and charlie hurt when "kudlow" returns.ey ♪ , gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. everybody wants super straight, super white teeth.

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of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. larry: so kamala says we can't go back, but i think a lot of voters want to go back, at least to the trump days. joining us now, byron york, washington examiner, fox choose contributor, and charlie hurt, washington times opinion editor, fox news contributor. we're not going back, kamala harris tells crowds which chant, we can't go back, we can't can't go back. there's a great editorial in "the new york post," yeah, we can go back, and we should go back. low interest rates, cheaper gas, affordable mortgages, the border was under control, the world wasn't in flames. i mean, i don't know, i wouldn't mind -- i live in the past anyway, but, charlie, why can't we go back? that's what trump's arguing. enter yeah. and if that's what all normal americans are arguing. you know, this sounds like it's

sort of like a campaign pitch, but it's not. i honestly, i keep asking all of my friends in the media this one question which is, show me one single issue that the american people prefer the policies of kamala harris and joe biden and tim walz on over donald trump. no one has been able to produce one single issue whether it's peace abroad or it's the border or the economy here at home. the only people who have any policies that the american people want are donald trump and j.d. vance. and so i don't -- you know, this whole thing, i get it, she's kind of in a jam here because she's trying to run existence her own incumbency -- against her own incumbency over the last four years which is a really impossible thing to do, but that's what she's trying to do. but people aren't buying it. larry: byron york, you're a 1950s kind of guy. you wouldn't mind going back -- [laughter] i think.

>> you know, this is, this is a very, very common democratic, rhetorical technique. i think it's probably been used in every democratic campaign in our lifetimes. and usually it's we're not going back to the dark days before civil rights or women's rights x that's what republicans want to take us back to. so i think that the harris-walz ticket and other democrats are almost using it out of just force of habit. i mean, this is just what they say. what's interesting here is this unique part of this campaign which is we have a challenger, the republican candidate, who's actually been the president before. he has a record he can point to. and i do think there were three huge vulnerables the -- vulnerabilities at the biden-harris administration people would actually like to have avoided. one is the inflation that that's made their lives so much more unaffordable, and the second is the border with more than 10

million illegal border crossings just burdening every municipality in america. and the last is this more general sense that the world blew up in the biden years, that there was war in ukraine, war in the middle east, and things just seem out of control in a way that they did not during the trump years. so, yeah, i think trump' argument is, look, yes, we can go back, we're going to go back four years. larry: he's got to stick to that argument, charlie hurt. we were talking to victor davis hanson about that earlier in the show. if he stays on those messages, i've done it once if they've bungled it, so there's a clear contrast. or, you know, in short, they want to raise your taxes in a recession, i want to cut your taxes and give you a bigger paycheck, that kind of thing. but he's got to stay on that message, charlie. >> if yeah. and i think that a heir doing a very good job -- they're doing a very good job of more or less stay thing on that issue. and, you know, leave it to kamala harris to try to run

these ads claiming that she's done a reversal on her position about border, about having an open border or reversing her position on fracking, whatever she wants to say about that. first of all, nobody believes it in the first place. and second of all a, it, i think it undermines her own credibility and exposes her for being, you know, politician who will say absolutely anything to get elected. larry: yeah. you should be, you know, byron, she should be proud of all the bungling of the biden years because she was the co-pilot. [laughter] >> yes. you know, the interesting thing is, obviously, she she has run for president before in the 2020 the democratic primaries, although she didn't actually make it to 2020, the entire campaign was in 2019, and she did set up a long list of preferences that were enacted in the biden administration that she's running away from. larry: there you have it. byron york, charlie hurt, thank you, gentlemen.

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larry: all right. with the economy in the soup, let's go back to the future. cut taxes, cut regulations, go for growth. don't worry about the fed. and go for elizabeth macdonald, up next. everyone's got to watch. elizabeth: well, we hope so. larry, i forgot that mondale raised taxes and lost in a landslide. larry: he sure did. elizabeth: last time we saw that, right? larry: i reminde