you can see stocks to the downside. take a look at s&p 500 losers. walgreen's boots alliance down 9%. paramount, we were talking about that stock with charlie gasparino, off 7%. a little bit of losers here. remember this time tomorrow, it is all about nvidia. all right. let's do it. drop the confetti, right? the dow clinching the second straight record close if these gains hold. pretty incredible like we said. the s&p 500 so close, just about 1% away from that. so as you can see the nasdaq -- [closing bell rings] a little bit of an underperformer here but really small caps not doing well, taking it on the chin. anyways that does it for "the claman countdown." "kudlow" is next. ♪. david: hello, everyone, welcome to a special edition of

"kudlow." i'm david asman in for larry kudlow. as americans continue to struggle with wages that have not kept up with rising prices, a rising fear of chaos, unrest here and awe broad is also setting in. the relative peace of the trump years has been replaced by new wars all around the world as our adversaries have taken advantage of the biden-harris policies of appeasement. florida congressman mike waltz on that in just a moment as former democratic congresswoman tulsi gabbard who just endorsed president trump and is joining his transition team. she will join us later in the hour. you don't want to miss that one. first ashiah hasnie is on the campaign tail where trump and vance are slamming harris on the economy and her border failures. what is the latest, ashiah? >> reporter: david, good to see you. senator jd vance just wrapped up a rally in big rapids michigan.

it is a rural part of this state. he is here primarily just up the road from where he held the rally is the site of a chinese-owned company that is going to basically build a massive $2.4 billion lithium battery plant for electric vehicles here. now democrat governor gretchen witmer is backing this build of the plant. she touts that it will create more than 2,000 jobs. former president trump has already come out and said that the push for evs is quote killing michigan. vance is also blaming the biden-harris administration's war on energy as he calls it for causing two major engine plants to close here in michigan. this is what he said earlier at the rally. watch. >> there is even some of the folks in obama's administration said that the gotion factory plant is a threat to america's national security. even obamas leadership but kamala harris not only wants to

allow the chinese communist party to build factories on american soil, she wants to pay them to do it with our tax money >> reporter: david, fox is told it is a deliberate strategy by the trump-vance campaign to target these rust belt states like michigan, pennsylvania, wisconsin. that is where trump will be on thursday. the trump harris campaigns meantime clash over debate rules primarily centered around whether or not the microphones stay on during the entire program. vance caught up with me or i caught up with him on the sidelines of his rally today. he told me the former president wants to debate harris period, watch. do you think he would be open to renegotiating the rules to put on a debate for america? >> i don't know. i don't think we'll get there yet. make them follow the rules they agreed to. that is what we want to do. that is what the president wants to do because that was what was

already agreed to. >> reporter: david, just developing in the last couple moment as source familiar tells me that a debate will happen hosted by abc and that the cnn always will apply, which would mean the mics would be muted. i want to caution our viewers that has not been confirmed either campaign on the record by either campaign or abc news the network. we await to hear official confirmation if indeed that is really what is happening in two weeks. david: right there is all kind of whispering going on from both campaigns about whether all that's acceptable or not. but i think it is going to happen. ashiah, appreciate it. joining me now florida congressman mike waltz. great to see you t was made

apparent right away the president of the united states, the man responsible for the withdrawal and the methods of the withdrawal that led to 13 deaths of u.s. servicemen and women was not going to be there and a former president was there in his place. you were obviously very moved by the event. that must have really ticked you off the president of the united states wasn't there? >> well, frankly it wasn't unexpected that biden nor harris were there. they didn't even say the word afghanistan the entire dnc convention. much less mention these 13 soldiers and marines that we lost. what ticked me off the most, david, it was so unnecessary. i lot of green berets in combat. that sadly and tragically happens in war but this was pure incompetence and idiocy. but president trump was there. this was not a drive-by

photo-op. he developed a relationship with these families. the american people know this would never have happened under their watch. david: i don't think they will be able to erase it. the memory of those 13 troops who died needlessly as you suggest because it was so poorly handled, that will not be forgotten, certainly not be forgotten by us or donald trump nor are the people responsible for that. donald trump spoke to that yesterday after he was in detroit after the ceremony. i want to play that and get your reaction. >> when i take office we'll ask for resignations of every single official. [applause] we'll get the resignations of every single senior official who touched the afghanistan calamity to be on my desk at noon on inauguration day. nobody got fired. nobody ever gets fired in this

administration. it's amaze all the bad things that have happened. nobody ever gets fired. david: i was very happy to hear that as the father of a marine, it really hit hard and he was, my son was based in afghanistan for a year so he knew what was going on there. on the other hand he sent out, donald trump just sent out word to the deep state he is coming after them. do you think that they are now in the process of coming after him before he is elected? >> well, david, they have been in the process of coming after him since, since 2016 but you know, that, the room was full of national guardsmen and women, soldiers from all over the country, their annual convention, that statement on accountability was a human, huge applause line in that speech. david: interesting. >> they know their leaders messed up. they know it shouldn't have been done that way. you never pull your military assets out before your civilians

and your allies. david: right. >> huge applause line there. also more importantly he promise the families full transparency, all the drone footage, emails and promised them close slur to answers to their questions that they have not got under harris and biden. david: congressman, he always had support of the troops whether in the military, police force, whatever aspect of law enforcement they have great respect for president trump. on the other hand it is that small cabal at the top, the deep state that controls so of what is going on, whether the fbi or the pentagon or wherever, i'm just wondering, when you think of what they did in 2016, eastern after he was elected throughout his first term as president and then leading up to the 2020 election, i wonder what they have got in store for us now? >> well, look, i think as we get closer to the election and president trump's ahead, it wouldn't surprise me if they, a lot of these bureaucrats start

digging in and president trump, i'm confident, will put people in place in leadership positions that are leaders and that will drive accountability and that will clean house. i mean you have a pentagon right now that has a recruiting crisis, a readiness crisis, a shipbuilding crisis. heck the navy just announced 17 ships sidelined. they can't man the ships because they don't have enough crews, they don't have enough people. we need real reformers in place, not people just worried about being liked or keeping the lights on. david: meanwhile our enemies are not sleeping overseas. iran just wants to start up a new nuclear treaty negotiation. we saw of course how lousy the last one turned out. china is now, we just heard, they're setting up plants here, battery plant and they just were involved in a big effort to interfere with our internet systems to get information including information on our ports et cetera, and

infrastructure. i just wonder, will we ever find out how compromised this administration has been by china with all the relationships between the biden family and antony blinken himself and the chinese government? >> well that's why we have, we just have to win in november. i don't know we'll find out the full extent of it to be honest with you, but we'll certainly expose it wherever we see it. but this cyberattack is very serious. we're under a tsunami of cyberattacks from both iran and china and what's the administration doing about it? squat. it has gone beyond just collecting data or ip and intelligence. the chinese under the program volt typhoon are putting the equivalent of cyber time bombs in our critical infrastructure. we have to go on offense, demonstrate strength and start imposing consequences. you can't expect every company, every port, every pipeline to just play perfect defense

against a state actor like chinese intelligence. we have to completely shift and change the game. david: finally we have tulsi gab barred coming up this hour. >> she's great. david: think of her joining the transition team and her similarities with trump and the world view, what do you make of that? >> i worked with tulsi when we were in congress. we were both on the armed services committee, she is a veteran, lieutenant colonel a battalion commander in the reserves right now. she understands the needs, what's going on inside of our military. she also understands that congress and i think is going to be a very measured and strong surrogate, advocate for president trump's america first agenda. i'm thrilled with her endorsement and to have her on the team. david: michael waltz. david: thank you for being here, congressman. thank you for being here. best wishes to your family as well. you have a he going family. you must be very proud of them.

thank you for being here. >> thank you. and go army. david: right, semper fi. back at you. coming up mark zuckerberg admits the biden-harris administration pressured facebook to censor americans. isn't that against the law? we're going to talk about it with jonathan turley when "kudlow" continues.i ♪. re 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 ya know, if you were cashbacking you could earn on everything with just one 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

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david: well the truth is out. mark zuckerberg says the biden-harris administration did pressure facebook to censor content back in 2021. so is there any price to pay for breaking the first amendment as this administration clearly did? joining us now is jonathan turley, george washington university constitutional law professor, fox news contributor, and author of, the indispensable right. good to see you, jonathan. thanks for being here. it is nice for zuckerberg to finally admit it but as you point out in an article you just wrote he could have said this a long time ago. wasn't until he was pressured by congress to come out and say which he just did, quote, i also think we made some choices with the benefit of hindsight and new information we wouldn't make today. why did it take him so long to say that? >> well the statement is more

contrived than it is contrite. this is coming after years of silence after years of silence by zuckerberg. you know elon musk has been the subject of unrelenting attacks since he released the twitter files and facebook fought every effort to release the facebook files. these files, most of us presumed had similar coercion pressure from the government and, zuckerberg never fessed up to any of it and, you know, i talk about this in my book, the indispensable right. i talk about facebook's role in all of this. why this is such a unprecedented anti-free speech movement and it is because of this alliance of the government, corporations, the media and academia. so what zuckerberg said today, we all knew but what he was forced to do that by the house judiciary committee. so this is an admission at the point end of a bayonet. david: yeah.

>> he came to this epiphany only because he was forced to make these disclosures. david: i hope he means it when he says we wouldn't make the same mistakes now that we made then. i pry that he means it but you bring up a very interesting point because a lot of people are using socialism or even communism to describe this administration, there's another word, it goes back to the second world war but it is called corporate tiffism, what you saw in mussolini's italy, there was a unholy alliance and a few corporations and government that controlled the whole sphere. when i think of dangers what happened, i think of a corporativist environment. i don't want to get too fancy with the terminology but you know what i'm saying, right? >> david, you're absolutely right. in the book i said it is dangerous conceit in this book and all the periods we've gone through of anti-free speech efforts by the government to

assume we're going to withstand this one. this is different. the alliance we're seeing here, sophistication of this alliance, the scope of it, we've never encountered before because of companies like facebook. by the way when zuckerberg said i'm really, really sorry about being silent, he wasn't silent. facebook had a commercial campaign that went on for years he tried to sell young people on embracing censorship. i wrote about that commercial campaign t was really creepy. they were focusing on young people. we have a generation of speech phobics, the kids have been told when they were very wrong, free speech is harmful, it is triggering they shouldn't have to hear opposing views. facebook tried to sell that to get a free people to be less free and it didn't work very well. david: the best cure, the best medicine for all of this, i think is competition, competition of the free market and what has changed most

significantly i would say since 2020, since these 2021 operations occurred is the change of hands of twitter. twitter getting in the hands of elon musk and elon musk opening up a whole new universe of competition that facebook didn't have. now that competition will do more to cure zuckerberg's old habits i think than any kind of self-rightousness? >> i think that's right and people need to remember that this whole crusade against elon musk is unrelenting, vicious attack on everything that he touches started when he dismantled the censorship program. this is part of the anti-free speech movement. david: that's right. >> and he became persona non grata, and zuckerberg stayed silent through all of this. he never said hey, you know what? we also engage in censorship. they forced us to do it. they pressured us. they did exactly what they did with twitter.

he didn't say any of that because he lacked the courage of elon musk. david: i agree. very quickly i want to touch on something that deals with kamala harris and her plans for the future. she was talking about price controls, as you know a lot of democrats and some republicans are saying she, even she was elected she couldn't get them because congress would have to approve, there is no guarranty she will have a democratic congress. well what i would say to that, look at the student loan forgiveness program, you had the supreme court deciding you can't do that, mr. president, because you can't spend $600 billion on your own. you have to have congress to do it. he is doing it midaway. he continues to roll out these new regulations that are essentially student loan forgiveness plans that the supreme court said you couldn't do. she learned from biden how to do things that are against the law and that might mean engaging in price controls even if she doesn't have congress' approval? >> oh i think there is a very serious chance of that. this administration has embraced this unilateralism in our

system. they have evaded the separation of powers and the president himself admitted that he was told that his eviction moratorium was unconstitutional. only one law professor he cited said that, go ahead and try it. he admitted his own white house counsel told him that and he still did it. so i think that people who assume that they're just going to go to congress and throw in the towel have not been watching for the last three years. david: yeah. jonathan, don't go anywhere, because you want to watch our next guest, i'm sure you're interested in tulsi gabbard when she has to say about all of this. good to see you, jonathan, appreciate it. >> thank you. david: coming up the after -- aforementioned tulsi gabbard. former democrats are lining up to endorse donald trump. the vice-chair, colonel gabbard will join us next to tell me why she is going with trump.

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♪. david: for more now on president trump's effort to grow the republican big tent ahead of election. bring in charlie hurt, "washington times" opinion editor fox news contributor, ned ryan, founder and ceo of american majority. we're about to talk to the lady herself, colonel gabbard. good to see you both. charlie, i want do ask you first, rfk, we certainly didn't see that coming. tulsi gabbard we knew connected with donald trump on some very critical issues, particularly on the role of america in world and peace through strength does not mean you have to be the policeman of the world. what do you make of her entrance into the trump campaign? >> well it certainly is interesting and i think the key point what you just mentioned right there is that it is on some critical issues. neither one of these people agrees with donald trump on everything. they simply agree with him on the most important things, in the case with rfk, talking about

things like censorship and in terms of both of them, talking about this whole regime of wars around the world and i think it also, it underscores the degree to which the trump campaign has presented itself and i think, fairly so, as an independent voice trying to bring common sense to government which has been sorely lacking for a long time. david: the thing i love about this ned, this phrase diversity is the most overused phrase in not only in the united states but all around the world right now. diversity of thought though does not seem to enter into it. martin luther king, jr. told us that the diversity of race is just, it is just a skin color. it doesn't get into the depths of the character of the person whereas donald trump is trying to do that. he wants diversity of thought in his campaign. i mean obviously he and rfk, jr., don't agree on everything.

obviously he and tulsi gabbard don't agree on everything, with the democrats you have to agree on anything, anything that is against their grain is verboten, it is censored? >> correct. i think rfk, jr. endorsing tulsi, elon musk endorsing trump, it shows realignment in politics where you're seeing this emerging broad-based coalition they're realizing the greatest threat to our freedom, our prosperity, our security is this far left, un-american, i would argue authoritarian as you kind of mentioned, david. if you don't toe the line, bend the knee to everything they want democratic party and i think what 2024 is really showing us, people want to still say it is red versus blue. it is not. it is freedom versus socialism. i would argue it is representative democracy versus more authoritarian left, david i think i hammered on, being in dc

25 years i use representative democracy because i think the only guy in d.c. running for president that actually believes in representative democracy, having consequences to elections and a change in policy both foreign and domestic is donald j. trump. david: charlie, the irony of course, the democratic convention was all about setting themselves as the party of freedom. when you look at their actions, not the only ones that jonathan turley was talking about but their incredible confinement, unless you fit into their little space you are totally outed or, if you're not thrown out of the room at least you're censored if you're in the room? >> yeah and i really do think it is sort of, we're found ourselves in a situation not left versus right, it is common sense versus these whacko extremes we saw last week and you know, the whole idea of the

trump message is that he wants to bring to washington something that as ned points out is representative of his voters back home and this frustration with washington of course goes back to at least 2008 and the whole point of obama obama back then was democrats wanted, they had hope, they wanted change in washington and of course they didn't get that with barack obama. they just got more of the same but my belief is, donald trump and rfk and tulsi gabbard and this movement right now, this may be the last, best shot at actually bringing change to washington in our lifetimes. david: ned, the big difference not only is that elon musk provided a new vehicle for the free exchange of ideas in the world. >> yeah. david: also the fact we have a record of four years of the biden-harris administration and we see not only in terms of the economy and the border but in terms of the world. that's one thing that tulsi

gabbard is particularly interested in. the dangers we face in the world, she spent a year over in iraq, right in the heart of the iraq war. she knows those dangers better than anybody. >> right. david: but the four relatively peaceful years of the trump administration compared to the wars that have blown up in the world since biden came into office, biden and harris, it is a stark contrast, isn't it? >> it really is. i mean, david, people think that trump was a response and a reaction to obama. he was a reaction, his being elected to the white house in 2016 was reaction to obama and george w. bush and the whole idea of these foreign interventions and nation-building. david: that's true. >> the thing that donald trump brings to the table that really frighten as lot of people in d.c. on both sides of the aisle is kind of something that charlie said, it is common sense americanism. there is no real like die-hard, i'm fully committed to some

republican creed or obviously nothing to do with the democratic party. what is good, common sense americanism, a policy that actually benefits the american people in all things, foreign and domestic policy that benefits him? for saying these things donald trump was considered radical merely suggesting the a government, of, by and for the people. we should have a government that benefits the people first and last in all things. david: i will touch the third rail of election political correctness, charlie, which is the question of voter fraud, whether getting illegal migrants to sign up and register to vote or ballot stuffing or whatever, i'm wondering whether you think the gop has done enough in the months since we switched leadership, on top of that, to really put in the poll watchers necessary to prevent voter fraud from happening in november? >> let us never forget it is the

democrat party who has fought tooth and nail against simply requiring people to show i.d. at the polls. david: right. >> so -- david: which 81% of americans, which 81% of americans favor and only 2.5% of democrats voted for when it came up to vote last month. >> yeah. and of course you have to make those fixes now and it is going to be really interesting to look what has been governor youngkin has done in virginia, and governor abbott has done in texas, in terms of cleaning up the voter rolls. it will be interesting to watch those two states after the election to see whether, you know what kind of difference we're looking at in terms of cleaning those things up. and i think that will be a tremendous argument going forward for doing it across the country. but obviously republicans need to be doing it now. david: charlie, ned, we have to leave it at that because we have a very special guest. thank you both for being here. appreciate it. first before we go to tulsi, here is a clip from a 2019

democratic presidential debate went viral and may have helped end cam can't harris's campaign the roll it. >> senator harris is proud of her record as prosecutor and prosecutor president. i'm deeply concerned about this record. she put over 1500 people in jail for marijuana violations and laughed about it when she was asked if she smoked marijuana. blocked evidence that would have freed a innocent man from death row. keep people beyond sentences to use them as cheap labor for california. bottom line, senator harris you were at a position to make difference and impact at these people's lives, you did not. david: that was former democrat congresswoman, dnc vice-chair tulsi gabbard, sheave joins me now. great to see you. should i call you colonel tulsi or what would you prefer? >> tulsi is great. david: well since you have, you and rfk are part of the trump campaign, explain why, why did you go with trump?

>> david, the choice in this election is very clear and the differences between president trump and vice president harris couldn't be more stark. frankly to put it simply the choice for the american people is a choice with donald trump, a man who values peace, prosperity, and freedom. he has a record that proves that. and vice president kamala harris, whose record shows an increasingly tyrannical government undermining our freedoms. we are embroiled in multiple wars and the world. closer to the brink of nuclear war than ever before and increasing economic hardship for americans throughout the 3 1/2 years she served as vice president of the united states. the contrast couldn't be more clear. this is personal for me, the endorsement of president trump. as a soldier for over 21 years i deployed to multiple war zones in different parts of the world, put my life on the line for

safety, security, freedom of the american people. important to me and everyone of my brothers and sisters in uniform that we have a commander-in-chief who values everyone of our lives. who carries that responsibility as commander in chief very seriously and will there ever exhaust all diplomatic avenues before seeing war truly as a last resort. the last point that i will make on this, that is another point ever contrast, president trump showed through his last administration not only did he start any new wars he took action to prevent them by courageously meeting with adversaries allies, partners, dictators, he would meet with whoever he needed to pursue peace. kamala harris criticized donald trump for doing exactly that. that shows if she is elected president she will not do what is necessary in the pursuit of peace and i'm certain she will lead us very quickly into a war to mask the weakness and

insecurity that she feels and try to project strength using the lives of my brothers and sisters in uniform to do so. david: not just that donald trump sat on his hand when we were challenged abroad. >> yes. david: isis perfect example of that. isis was intractable problem during the obama years. he managed to wrap things up, pretty clearly in syria and iraq where they were doing most of their horrible, horrible work in a matter of months. he did it with very targeted. >> that's right. david: i wasn't afraid to take on the russians by the way. he killed 200 russian troops, mercenary troops in syria during the course of that effort? >> that is a interesting contrast that you point out there between donald trump, who recognized the threat of islamist terrorism and acted decisively to defeat isis. you contrast that to what we saw during the obama administration and quite frankly even with kamala harris, they won't even

use the words radical islamist terrorists because they're so afraid of being called islam ma ma -- islam phobes. under the obama administration they refused to go after al qaeda, al qaeda in syria specifically. you look at the contrasts of these presidents, look at kamala harris who will not use those words and cannot be trusted to keep the american people safe from this continued and very real threat of radical islamist terrorism both militarily and idealogically. david: you know, you realize very well because you were dealing with this in 2020 during your debate with her, how she tries to wiggle out of her past statements and do flip-flops, depending which audience in front of her. now she is trying to appeal to a broader, more moderate group of american voters. she is denying all sorts of things from her past and one thing that she denied essentially yesterday by not showing up at the memorial to

the 13 service people who were killed three years ago was her role in not only the withdrawal itself by the way in which that withdrawal was conducted. she let it out in 2021. i want to play that tape, guest your reaction an roll it. >> afghanistan. >> yes. >> were you the last person in the room? >> yes. >> you feel comfortable? >> i do. david: you think she will try to wiggle out of that because it is on tape? >> of course, of course. it is like every other major position that she has taken that has turned out to be such a disaster for the american people and our well being and our national security. it is disgusting to me, david, it is maddening not only, she was basically silent, okay she put out a little statement on a piece of paper yesterday, but why wasn't she out there at arlington cemetery? why hasn't she reached out to the 13 gold star families of the american and women killed in the

disasterous afghanistan withdrawal? as she said she was the last person in the room with joe biden and she is good with it. why hasn't she called them to check on them, apologize to them and grieve alongside them on loved ones who will men come home this is another example that kamala harris is not fit to be commander-in-chief. this is something i warned american people out going back to 2019. david: you pinned a rose on her about her statements going back to 2020. are you helping or in the midst ever helping president trump as he prepare as debate for her? >> president trump is ready to debate kamala harris today. there is no doesn't about his preparedness. any ability for me to offer some additional help will only come from my experience of having been on that debate stage with her, knowing how as you said she is going to try to wiggle her way out of her very real record

she had over these last 3 1/2 years. as we saw in her speech at the democratic convention, we've seen how she says, well we stand for freedom. i'm a president who champions freedom. meanwhile, even as mark zuckerberg pointed out, she and joe biden used them to do their dirty work in censoring americans free speech. she labeled me as domestic terrorist. she put me on a secret terror watch list because of my exposing her record. freedom of democracy, border security, rule of law, war and peace, what she says her record is the exact opposite. david: yeah. we talked about your record, not only with congressman waltz an own friend of yours from your days with congress and gentleman that preceded you. 12 months in iraq, were there same time period my son was there he is a marine in a different outfit. he was there at the same time.

how did that inform your view of our role in a very dangerous world and might that play a role in the trump administration if elected? >> you know i served in a medical unit there, david, where every single day i was confronted with the very high human cost of war. it was such a life-changing experience for me that made it so that when i came home from that deployment it motivated me to try to find some way, shape or form where i could help influence and impact and make those decisions about war and peace, about where our men and women in uniform are being sent new harm's way because i saw up close and first-hand the war profiteering of the military industrial complex. i saw politicians who would fly in, take the photo-op, and leave, voted to start the war that took so many american lives and the hypocrisy, thank you for your service on veterans day and yet they will not hesitate to

use us as cannon fodder essentially to advance their own personal, political or power hungry goals. so president trump understands this. obviously i had a different experience but what i witnessed at arlington cemetery yesterday morning as he spent hours, david, he spent hours with these gold star families. there were two survivors of that attack at abbey gate and afghanistan who are severely disabled for the rest of their lives. he understands the gravity and seriousness of the commander-in-chief's responsibility. he is eager to take that responsibility back to stop these unnecessary wars of choice. to walk us back from the brink of nuclear war, put us back on the path toward peace prosperity, freedom, joe biden and kamala harris completely destroyed throughout this last 3 1/2 years of their time in office. david: but it is peace through strength he believes in. >> yes. david: not unlike ronald reagan.

i'm just wondering would you play a role, we got to run, would you play a role specifically in something involved with the military or defense if he is elected? >> if given that opportunity would i be grateful to serve and help him save our country and get us back towards that future for all americans. david: we are grateful for your service, colonel gabbard. thank you so much for being here. >> thank you, david. david: appreciate you coming in. best of luck to you on the campaign trail. coming up price of gold is soaring to record highs so is inflation really defeated? we'll be asking steve moore when "kudlow" continues. (♪) (♪)

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david: kamala harris playing card as little early, she clearly still wants the ace up her sleeve, with gold soaring that her economic team is expecting more inflation to come. can we count on price controls if she is elected and how could she imply meant it? steve moore from unleash prosperity hotline, host of "moore money" on wabc radio. thanks for being here. gold prices are up. kind of indicates inflation is still with us. wonder if kamala is elected do

you have any doubt if inflation is still with us she would enact these price control rules? >> she doesn't have any other anti-inflation program, david. she want to spend two trillion dollars more. "the new york times" reports she wants five trillion dollars of tax increases. neither will tame inflation. both spending increases and taxes will make things worse when it comes to prices. and so all she has got left in her bag of tricks is price controls. david: right. >> i was on another show recently with one of kamala's economist, she said we will have grocery store police going down the aisles of grocery stores checking prices of everything. i mean, that is like the old soviet union. david: it sure is. a war or like it during the nixon days. of course that created shortage. >> yeah. david: i'm just wondering the way nixon did it, it was under his authority but that authority he claimed from a 1970 law that

gave him, they never thought it would be used, stupid them. because nixon, nixon finally did. even a republican wants to blame somebody other than himself for inflation. so she could, she could find some way of getting around congress and the supreme court. they have no problems violating the supreme court right now. >> by the way i think what nixon did, that was 1971 was one of the most unconstitutional grabs of power by government ever, to tell companies you can't change your prices, workers you can't change your wages? where does it say in the constitution that the government has the authority to do that? i want to make, i know we only have a minute left, i want to make one quick point of this idea about the fed lowering interest rates, david. i was nominated to be on the fed. i didn't make it. if i were on the federal reserve board i would think i would vote no against this. i don't see why two months before an election, one of the most important elections in our lifetime. seems to me the fed is pressing their thumb on the scale. david: yes.

>> i thought he wanted, jerome powell wanted to make sure they were politically independent. this doesn't seem like a politically independent move to me. david: what would you do, even if you believed that rates were too high, you were on the fed, you would wait until after the election is over to reduce rates? >> i would, yes. david: wow. >> because i think there is a case either way. i mean i could make a case for not cutting rates and i could make a case for cutting them but i don't think now is a good time. i think this really threatens independence, and a lot of americans who think powell is playing politics here because obviously he doesn't like donald trump. david: yeah. do you think that it's possible we could get a 50 basis points cut in september? >> i doubt it. i think it is going to be a quarter of a percentage point with maybe more to come. i were nation is still out there. follow that gold price. david: i think a quarter percent is already priced into the market quickly, don't you. >> i agree with that. i think you're right. david: steve moore, great to see you. thank you so much. see you soon i hope. more "kudlow" right after this

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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 david: well, thank you, all for watching this special edition of kudlow. it was my pleasure to be here with you. elizabeth macdonald is up next. liz: good to see you david, thank you so much. welcome to the "evening edit" i'm elizabeth macdonald. >> this issue is about a vanity project for this president. that ain't going to stop