there were some worries about profit margins and other things. i think it's going to be okay, and that can make the selloff into a buying opportunity. jack: two opposite ends of the retail spectrum, but appreciate it. to read more, check out barrons.com. don't forget to follow us on twitter @barronsonline. that is all for us. we'll see you next week j j j j. ♪ ♪ larry: hello, everyone. welcome back to "kudlow9." i'm larry kudlow. so last evening we had a great conversation with republican senate leader mitch mcconnell concerning, among other things, the legislative outlook for president biden's massive tax and spend so-called infrastructure bill. here's what the senator said. >> if they're willing to settle for a targeted infrastructure bill without revisiting the 2017 tax bill, we'll work with them. but if they want $2-4 trillion

package, it's not going to have any republican support. and that means, larry, that they'd have to get absolutely everybody in line. larry: all right. so the senator couldn't have been any clearer. there has to be a smaller, targeted, traditional infrastructure bill without revisiting the 2017 tax bill and, frankly, i've known mitch a long time. his body language confirmed his strong message. no hesitation whatsoever. now, today the biden administration came up with a counterproposal. as we understand it, it is not going to meet mitch mcconnell's conditions; namely, the cost is still $3.7 1.7 trillion, and all the tax hikes on corporations and businesses and capital gains and estates and individuals, etc., remain in the package. here to report these breaking developments is our own hillary vaughn. good evening, hillary. >> reporter: good evening, larry are. well, the white house is calling

this the art of seeking common ground, but a republican source familiar with these negotiations tells me, bottom line, this deal is bad. here's what the white house came to the table with today. they dropped down the cost to $1.7 trillion, that's down from the $2.25 trillion they wanted. they also dropped down spending for broadband to $65 billion matching what republicans wanted to spend. they did budge a little bit on spending for roads and bridges, bringing that down to $120 billion, but that's still $5 billion more than what republicans were willing to spend. they did cut some of the costs, but they did not trim the fat. things republicans go well beyond hard infrastructure, and it's those unrelated extras that republicans are rejecting. there's still a lot of money for green initiatives and also money for what biden calls the care economy. and a republican source familiar with these negotiations tells me it's still very close to biden's

original plan. they made little to no movement on policy, and they also made no movement on pay-fors. the white house is still insisting that this package is paid for by a tax hike on corporations. larry? larry: hillary, great stuff. i just, if i can, we'll try to clarify. i know not all the information is out just yet, but this is essentially the american jobs act part that was $2.3 trillion, now it's gone down to 1.7 trillion. this is not the family plan, the $1.3 trillion, is that -- 1.8 trillion, is that correct? >> reporter: that's correct, but they still have initiatives for things like childcare in the infrastructure package, and that's why republicans have, that's one issue that republicans have with this package. and we did get the white house explanation just moments before coming on air of why they want to include things like childcare. they said they think it's only fair that republicans compromise

and include things like the care economy which they think is a broader argument that adds to infrastructure in america. because they took a few other things out like extra money for research and development and manufacturing. so they're using this as, essentially, a bargaining tool. we took this away, so you should let us keep this in it. larry? larry: so it's not really, hillary, it's not what mitch mcconnell described as a boiled-down, traditional infrastructure package, just bridges, roads, tunnels and so fort. so they don't meet that. and the tax huges are still in there, as you -- hikes are still in there, as you reported. >> reporter: they also got their explanation on why they think it's fair to raise taxes on corporations, because they said it's corporations that talk advantage of most of the infrastructure in the u.s. so that's a new argument we're hearing for how they're explaining and trying to justify a major, major tax hike on

businesses to pay for now what is a $1.7 trillion package. larry: yeah, you're right, that is a new argument. and it's a lousy argument, but now is not the time. hillary vaughn, great work. thank you very much for helping us this evening. so, folks, mitch mcconnell's red line would seem to rule out this non-compromise compromise from team biden. let us hope so. my pal, steve miller's, going to be here in a moment of two to weigh in. president biden put out an executive order on climate change that basically would let the government do virtually anything in any part of the economy or the financial markets or labor markets or agriculture or anything in the name of mitigating risk climate changes. now, i haven't read the full executive order, not yet, but i intend to. but for now, folks, you just have to trust me on this because i read the two-page fact sheet,

and it is a thing to behold. honestly, i recommend everyone read this thing. two or three minutes max is all it'll take, but you've got to go through this. it's got all the far-left green new deal climate change, destroy fossil fuels, destroy capitalism, destroy jobs and the economy. it's all in there. everything a little lefty greenie could possibly hope for. now, they will sleep with smiles on their faces tonight. but i don't have the time to go through it all. i just want you to enjoy it over cocktails and dinner this evening. it is a thing to behold. but i'll give you a couple hints what's in here, extreme weather deprived communities of food, water, emergency supplies, floods, rising sea levels, homes, businesses, signing a loan for a new home, managing life savings in a retirement fund, infrastructure investments,, whole of government approach. financial regulators, resilience of life savings, modernize

federal level, and here's the one that is especially fun, reduce the risk of climate change to the federal budget. i love that. in other words, kids, $6 trillion is just the tip of the melting iceberg. folks, you know i'm right because nobody could make this up. it's going to help restrain the budget. $6 trillion. wow, here it comes. that's just the tip of that little melting iceberg. now, on this show we have had physicists and energy experts like steve koonin and mark mills and but john lomb berg and others. they have stated factually with numbers why none of this stuff the is an exist if ten, crisis or an existential threat. okay, look. yes, there are climate issues. i am not a climate denier. but the point is the impant of this these issues -- impact of these issues according to these educate experts is minimal.

to wit, on the economy .05 of a percentage point slower growth over the next 90 years. that's it. this is according to official government documents. every time we go through this, and every time we invite our guests on we get slam for days on end by the left-wing bloggers and tweeters, and they scream at these people, they scream at me, they scream at our network and everybody else i've met in my entire life. you know what, folks? i'm proud of it, sincerely proud of it. because somebody's got to stand arrest athwart history and just say no. we are not going to bring down our entire capitalist market, free enterprise system, nor our work force, nor our international standing because of a bunch of fact-free assertions which at best, at best indicate minor and quite manageable problems in the many

years ahead. now, joining us to discuss this, former senior white house adviser and america first legal follow upper steve miller. steve miller -- founder, steve miller. steve miller, great to see you. just seeing you calms me. [laughter] i'm not sure where to start with, climate change and the executive order or this infrastructure stuff that's not happening. i'll let you choose, okay? you're a smart fella, i'll let you choose. is it the green energy executive order or the infrastructure or what? choose your poison. >> well, i'll take the last point first. the reason that you know, the reason that we all know that this so-called green agenda has nothing to do the with the climate and everything to do with socialism is the fact that all the pollution in the world that's coming from china and it's also coming from a lot of developing countryings. china, of course, is a fully developed country that just doesn't care about the environment, but it's also coming from a lot of developing countries like india, as an example, parts of latin america,

as an example. so if you're really serious at reducing pollution, that would be your focus. united states is one of the cleanest countries in the world from an environmental standpoint. larry: right. >> so it's nothing to do with energy. so that's an important point. with respect to infrastructure, you know, we touched on this earlier, and i think it's a really important point. when the federal government spends $1 trillion, $2 trillion on infrastructure without any underlying reforms, you don't actually end up with more infrastructure in america. this is very important point, and that's an astonish statement to make when you're talking about spending trillions of dollars. but what happens is, is that cities and statements, the control -- states that control over 90% of infrastructure projects in america, in other words, roads and bridges are overwhelmingly state and local projects, they take money that was going to be spent on that local project. they shift it somewhere else, and they put the federal dollars in its place.

furthermore, even if you were to start a new project, because of permitting rules that project, far from being shovel-ready, could be ten years away because of the permitting process. so it's not going to be some economic stimulus are even if you subscribe to that theory because you're not going to get shovel-ready projects. so, again, it's about what's coming along with it. it's about the new social programs they're trying to drag across the finish line with it. if you really wanted more infrastructure in america, i've said it before, just pass a bill that streamlines the way that we approve infrastructure in this country and without one extra penny of spending you'll have twice as many roads and bridges coming online. larry: permitting. we did several executive orders on this with mr. trump's business sense and mine. several. okay. let me go back to the infrastructure bill or the faux infrastructure bill, because last night mitch mcconnell was pretty straight with us.

i mean, he basically says if they're willing to settle for a targeted bill without revisiting the 2017 tax bill, we will work with this many. now, they came back, team biden came back with a counteroffer that leaves all the tax increases in place. these are recovery-destroying, job-killing tax increases. and the expense was lowered a slight bit, and i'm told only because a few things were moved around and some were put into what might be the family bill later on. but it is far from a traditional infrastructure bill. now, mitch mcconnell was very strong in his language last night, steve miller, and i watched his body language. i've known the guy e 40 years, and he was very strong on this. you believe it. the red pencil is in, the red line is in, no big tax hikes, what's your take? is. >> i believe he's serious. i worked in the senate for a long time. i think a lot of senate republicans are going to oppose anything that tries to undo the

trump tax cuts which, as you've talked about, created a blue collar jobs and a blue collar wages bill. that's a sheriff important point -- very important point. and when you talk about raising corporate taxes, this is something i feel especially strong about, because we are in the a global competition. this is an america first issue. i want america to win. i want the factories here, i want the jobs here, i want the products here, i want the innovation here in america. it is totally self-defeating to announce to the world that we are increasing the cost of doing business in america. what kind of advertisement is that for your own country? governors understand it. at least successful ones. look at ron desantis. governors that want jobs in their state don't say, hey, come to our state. effective immediately, we're going to make everything more expensive. larry: yeah, good point. >> so he's going to hurt the country. larry: i think mitch is going to -- by the way, there's

another theory around, it won't even get through the house. because you're got a lot of moderates, legitimate moderates. you know some of the names as i do. they're not going to get their s.a.l.t. reduction restored. steven, the third issue now, we've talked a lot this week about the israeli/hamas conflict and all that, and we've been very, very critical of mr. biden, unfortunately. but there's new stuff developing that i want your comment on. i'm looking at a story in the daily mail, but you can find this in any leading newspaper. anti-semitic attacks up 40 percent in one week across the united states. los angeles, miami, new york, scoping key, illinois, 40% increase. a lot of these are palestinians versus jews here in the country. this is a very demoralizing story but one that i fear is

going to continue. what's your thinking on this? >> well, first of all, let me say that you and i, larry, had the privilege of working for what i would argue was the most pro-jewish american president in history, donald trump. i mean, his speeches that he gave whether you're talking about his speech, his several speeches when he was in israel, whether you were talking about his speeches condemning anti-semitism here at home, he was to forceful both in defense of the jewish people and against anti-semitism. and that's something we should all be grateful for, and i hope that president biden will speak with the same degree of force and clarity as president trump. after these attacks, they are absolutely harrowing. what we are seeing, it looks like something that you never thought could happen in america. and we need to be very strong in condemning this new left-wing vilification of israel. and i think it's leading to and sparking a lot of this

antisystemtism. and i understand -- anti-semitism. and i understand, of course, there's a very big difference between having legitimate disagreements about decisions that a nation-state, israel, makes and the broader issue of anti-semitism. but let's not be naive here, let's not put our heads in the sand. there's a huge amount of anti-semitism driving attacks on israel, and a lot of the rhetoric you've been hearing recently called it an apartheid state? i mean, for shame. calling israeli jews racist? for shame. yes, that's going to lead to more anti-semitic attacks, and it's time that we said, no, these attacks on israel must end. it is a tiny, democratic jewish state in the heart of the middle east that respects the rights of all of its citizens, arab and jew, and the vilification and demonization of israel has got to stop. larry: if i paraphrase mitch mcconnell, steve, he said last

night, basically -- because i think the tide has turned now. there's been realignment. he said half the democratic senators are no longer supporting israel. and the other half are afraid to support israel because of what the far left is doing. the democrats used to be the party of israel. they are no longer the party of israel. it is the republicans now. frankly, the trump republicans who have made it the party of israel, as you note. and i don't hear yet the condemnation of these anti-semitic attacks. i'm waiting to hear it, and i hope we hear it. so far i'm not hearing it especially from these big city mayors because their hands are tied to the left. again, this is the worst trend one could imagine. steve muller, i'd love to -- miller, i'd love to spend more time, but it's been grand. see you soon. >> thank you very much, larry. larry: stay optimistic. life's till good. coming up on "kudlow," president biden signs ap an executive

order arguing for, get this, more federal spending. this time calling climate change an economic threat. it's actually going to be a budge help, so i gather. i don't know, $6 trillion and rising. details when "kudlow" returns. we just can't let this slip we just can't let this slip away, it's too good to [ crowd cheering ] [ engine revving ] [ race light countdown ] ♪♪ ♪♪ when you save money with allstate you feel like you're winning. safe drivers save 40% saving is easy when you're in good hands. allstate. click or call for a quote today.

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larry: okay, we hit the climate change cycle larry: okay. we hit the climate change cycle today. national economic council director brian dietz called the measure a pivotal moment for the u.s.en telling reporters, and i quote, our modern financial system was built on the assumption that the climate was stable. well, it's clear we're no longer living in such a world. okay. joining us now fox news contributor, liz peek. andve steve moore, committee to unleash prosperity and freedomworks. kids, this is just a wonderful thing. i did not read the entire executive order, but i did read the two-pager, the fact sheet that came out from the national economic council which has changed a bit since the administration has changed. and i walked through this at the beginning of the show, i just can't help myself. just snippets of this. this is for cocktails and dinner

later, but you just can't make this stuff up. [laughter] extreme weather, climate change, food, water, emergency supplies, snowstorms, entire power grids, floods, signing a loan for a new home, business managing life savings for a retirement fund, information to understand the potential risk associated with all financial decisions, climate crisis, rising seas, steve, that's one off my favorites. rising seas, extreme weather, blah, blah, blah. now, develop a whole of government approach, okay, whole of government approach, that's a very serious matter. encourage financial regulators to assess climate-related financial risks, so that will burden another whole sector of the economy. bolster the resilience of life savings and tensions, you've got to help me with that one. modernize underwriting and procurement practices, and this, liz, could f be my favorite, the last bullet, reduce the risk of climate change to the federal budget. now, let me get this right.

we've got the guy's been in the office a hundred days, he wants to add $6 trillion, okay, much of which is all about the green new deal -- [laughter] but this says it's going to reduce the risk of climate change to the budget. now, i don't know, he might be talking about the pages or the booklets of the budget, but the money? what this tells to me is the $6 trillion is just kind of, it's just kind of the tip of the melting iceberg, liz peek. there's more coming. [laughter] >> it's chump change, larry kudlow. [laughter] you know, here's how i take this. i did read the executive order. it's a lot of gobbledygook, but what it really seems to do is basically allows the government pretty much unlimited meddling in insurance, in investment ideas, etc. and basically all targeting fossil fuels. in other words, if you wanted to buy -- build a pipeline or if you want to invest a federal

employee pension fund in an oil and gas company, all those kinds of things now can be basically squashed by the federal government under this executive order. buty, really, larry, what it ses to me is we are transitioning as world is to renewable energy, gradually, organically, sensibly in this country and to lesser emission fuels which now include nuclear and natural gas. the only risk, and i really believey this, is that the government comes in as the biden administration wants to do and propels us forward in this trajectory so radically, so thoughtlessly that we have the rolling blackouts that california has, that we have states that all of a sudden don't have gas pipelines and don't have fuel as new york may end up with, etc. that is the risk. so they're creating the risk, and now they have an executive order which is supposed to fend off those risks -- larry: yeah. >> it's like the government

fighting itself. ahlarry: but, you know, what i really like about this, steve moore -- and, again, i confess, i'mk, not as good as liz peek. i did not read the whole executive order. i had to read another executive order to come up later in the show, but i read the two-page fact sheet from the nec. this, to me, steve, gives the government license to regulate any part of the economy or, for that matter, the civil society. >> right. larry: anything could be used in the name of climate change, quote-unquote. whatever it is you do, whatever ifs you do -- it is you do, it could be regulated under the name of climate change. this is the ultimate central planning document. and the best one of all is it reduces the risk to the federal budget. well, yeah, the way they see it, it's going to double and triple. we've done $6 trillion, there's another $6 trillion of god knows what. isn't it the central planning or the regulating part that's the

absolute killer? >> it is. and, look, the other point that hasn't been raised, you and liz have hit the major points, but there's no president who reduced the amount of carbon in the atmosphere more than donald j. trump. i mean, you guys had a fabulous record on this. donald trump didn't obsess about climate change every day, but we cleaned up the environment. trump's environmental record, if you just look what happened, clean air, clean water, reduction of carbon emissions, was second to none, and he lot of credit for that. now, the big question is does anybody really believe this massive increase in government spending, turning over all of these respondents to the united -- respondents to the united nationsng and other grous is going to change the temperature of the planet? and i say, no. i just don't see it possible. one last quick point. look, all of the pollution now virtually in the entire world is coming from a few countries, china, india with, vietnam, indonesia with.

these countries are growing rapidly -- larry: not here. >> the united states is not the problem. larry: not here. so last -- liz peek, we have steve koonin on a lot, mark mills on a lot. these are guys with distinguished scientific pedigrees, and no one's denying there's a climate issue. it's the extent, the exaggeration. so even lomborg said .05 of 1% gdp would be lost over the next 90 years. which, you know, any minor tax cuts or regulatory rollback would make that up, and we'll all be just fine. but this is a license to regulate and to plan and to go for socialism. i'm sorry, we need more time on this. we'll do it on the radio tomorrow, by the way. liz peek, steve moore, you're both wonderful. >> thank you the,, larry. larry: all right, folks, how american retirement savings

could potentially prop up china's economy. senator tommy tubberville from alabama joins us next. he's got an idea in his hand that was started by kudlow and o'brien during the trump this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again.

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♪ larry: the trump administration stopped the federal thrift savings plan from investing in chinese military companies. now senator tommy tuberville of alabama wants to take it to the next stepoa and prevent the boad from investing in any public chinese companies at all. the senator joins us now. senator, thank you for coming back on the show. i read your op-ed piece with great interest and loved it. i just want to say national security adviser robert o'brien and i formulated the first policy to stop the tsp, thrift savings plan, from investing in chinese military companies. we did it, sir, on grounds of,

first, national security and, second, investor protection where the chinese companies fail miserably on both counts. now, i note that you are, if i have this right, suggesting that we prohibit any thrift savings plan funds from investing in any chinese company, military or nonmilitary. is that correct? is that your view? >> yes, that's exactly right, larry. and thanks for your leadership on this. i read your letter may 11, 2020, from the white house. you wrote this to, i guess, secretary scalia in the labor, the labor secretary. larry: yes, sir. >> and it was a great letter. we kindd of got our lead from there. and basically, that's what it is. we want to prohibit, you know with, tsp, any investment in china, especially with military 401(k)s and government officials. your 401(k), because you was in

the federal government for a while, might be, and we don't want -- mine, and we don't want to invest in china. china can't go by any rules, they can't do anything in terms of regulatory with their things that they b do behind the scene. and then the big thing is the sanctions you put on. anso the thing that we want to o is we want to make sure we don't put any money in anything that's going to helpp the chinese military. because that's exactly where the money goes, larry. larry: yes, sir. i spoke to former national security adviser robert o'brien this afternoon before the show because i knew you were coming on, and he's also a dear friend of mine. he reminded me, senator, that the chinese government has tessentially now said that all chinese companies are instrumentalities of the state. and among other things, as you may know, that means the the chinese communist party can legally take any information from these companies, any

information from any of the companies whether it's, you know, alibaba or tencrept or one of -- tencent or one of the military companies. so in a sense i think you're bucking that as well. that's a new wrinkle, but it also makes the national security hinge even stronger and more troublesome. >> they're going to try to steal everything we are, larry. they do corporate espionage every day. and we're hoping that this legislation tells them, hey, zero tolerance towards anything that you do, and is we're going to try to stop the aggression of the chinese. they're getting more powerful every day. their military's getting stronger, and we do not want any money from really any organizations, but -- corporations, we can't stop that, but with we can stop this. this legislation, larry, is for any president. president trump, obviously, was against it. we don't the know what president biden's for, but maybe in the future whoever the next president is. we just want legislation that says we are not going to let tsp

money be invested in the chinese. larry: well, you know, among other things, i always emphasized in the internal white house discussions this is an investor protection measure as well as national security because they don't comply with our standards. and, in fact, the public accountability board or whatever it's called that was set up years ago for sarbanes-oxley, they want-o backup material from the accounting firms, and the chinese accounting firms will not give them backup material. so they wouldn't pass our standards of safety and protection anyway. but i will add this, sir. i think you're moving the ball -- i don't with disagree at this point. i'm just p putting this on the table. you're moving the ball more and more towards commercial delinking of the u.s. and china, a delinking, essentially, of the u.s. and china. is that your intent? and does that slow down or speed up the velocity of this bill

getting passed? >> well, we'll wait and see. we'll be able to throw it, hopefully, with an amendment in the nextfu couple of weeks, but you're exactly right. we have to start somewhere, larry. we are boosting and promoting the chinese economy, and they're trying to be the superpower of the world, the superpower expect military of the world, and they're gaining ground ever day. hopefully we startrt here, peope start recognizing what's going on, and in the near future you could see corporations pull out, you could see people pulling their other money out of some of the businesses. but we have to do something, and we have to have some starting point to tell the chinese that we are fighting back. larry: well,l, i thank you for , certainly for the sentiment. and i will tell you as far as i know, and o'brien and i talked this afternoon, the thrift savings plan has not, they've stopped investing in these chinese companies. is so i think we've had at least some kind of moral victory so far. anyway, senator tuberville of alabama, thank you, is sir.

appreciate it very a much. up next on "kudlow," we're going to go back to the colonial pipeline, shining a light on the gaping holes in u.s. cybersecurity. that's really the biggest issue. we're going to discuss how we need to move forward. the former director of the white house office of science and technology, dr. kelvin troag meyer. i'll'l be right back next on can "kudlow."dl ♪ ♪ it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. ♪♪ [sfx: revving trucks]

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larry: so colonial pipeline ce larry: so colonial pipeline ceo's going to testify before the house on june 9th of course about the ransom for the company which they paid. and we need to talk about that, what should the government do, what should the private sector do, did they do the right thing. this cybersecurity issue is not going to go away with. it's goingnd to get bigger and bigger, so i want to bring in my old friend, dr. kelvin droegemeier.me former director of the white house department of science and

technology. it is wonderful to see you. thank you for helping us on this. k i know you know this stuff, and we've talked about this stuff. i don't know whether we concluded anything. first of all, blount had a pretty good interview in the "wall street journal", and he said he didn't want to pay the ransom, kelvin, but he just felt insofar as shutting down the whole east coast, he just kind of had to do it. i was very sympathetic to that, but what was your take in. >> that's a great point. again, thank you for having me on. it's great to see you again, my friend, and congratulations on yourar show. it really is a tough call. being held hostage, basically, for a big part of the nation's critical infrastructure is a very, very tough spot to be in. and i think at the end of the day you don't want to pay $4.4 million, you don't went to give into those kinds of things, but you've got a lot of folks depending on you. whether heht did the right thing or not, you know, it's a tough decision, not my call, but i think it's really important that

we get this right in the future, that we are much better prepared for cyber attacks, we have the work force necessary, we're doing the r&d and we have policies in place that are going to protect america. larry: let's talk about the future. what, in your judgment, what did toe you come up with or what would you like to see going forward regarding let's start with the federal government's role, kelvin. right. well, you know, work force, of course, is very, very critical, larry. in this country right now we 956,000 current workers in the cybersecurity arena and about 61,000 or so of those are inor the public secto. the rest of those are in the private sector. that's less than 5 or 6%. there464,000 unfilled jobs. you get about 1.4 million jobs in cybersecurity, one-third of which are unfilled. fithe question is how do we fill t?those jobs. the federal government is doing its share, actually, there's an important program funded by the

national science foundation called signer corps which is basically a scholarship for service program. there are about 70 or so, 78 universities, colleges and universities involved, they produce about 380-400 graduates a year. they fund four years of college, and like the rotc, basically when you graduate, you commit to providingg service back to the federal government. it's got a 95% placement rate, but it's relatively small, and it's been growing at a very modest rate. in fact, it's been around for 21 years, and 1 in 5 of those institutions are minority-serving institutions, and wee n really need all handsn deck in america when we're dealing with these kinds of challenges. we have to get folks working on the cybersecurity challenge. so that ram really, really needs to be -- larry: so, kelvin -- >> it's not just the federal government's responsibility. larry: okay. so i'm just thinking about, you know me, you have to teach me all this stuff about 5g and

cyberspace and spectrum and all that. i actually got pretty good at it. i was one of your better students, not maybe your best. but the question i ask you is federal and private. let's put 'em both together. you're talking about getting a larger work force here and better training. will they be able -- or is the game that they will be able to stop these, you know, russian or whoever cyber hackers? you know, in other words, keep 'em out of the computers? stop 'em from pulling the switch? stop them from stealing the encryption or whatever it is they're stealing? isn't that the end game, and are people spending must enough on ? is the private sector spending enough on that? >> yeah, absolutely. so, certainly, you know, keeping them out is very, very important. that's really a good defensive posture. i think we need to play a strong offense and look to prevent these things. our intelligence community, law enforcement does extraordinary work, w but we have to be aheadf

the game on that one as well. so, yes, there is huge amounts ofof investment going in. the private sector employs the bull of these folks, but we're not -- bulk of these folks, but we're not training enough people and, frankly, it's not the government's job alone. partnerships between the federal government and thehe private sector are very important, and these scholarship programs, we ought to be leveraging federal dollars and private sector dollars to detect cyber attacks when they are about ready to happen so we can -- larry: but, kelvin, so i'll take your point on the grants, but i would, i mean, just on the way out, we don't have much time, but i wouldld want, i think i would want the private sector people to dole most of the training, because i never really trust government training. >> right. i think, you know, if you look at the training programs that are out there, there's a lot of private sector training. universities give out degrees, obviously, at various levels, associate's, two-year degree, graduate level and so on. the key thing, larry, is

credentials. you have to be yes -- credentialed in this area. if you talk to the employers, they're looking for credentials and appearance, so they're training people getting degrees, they want hands-on experience. this is where internships can be very, very helpful. leveraging the dollars, working together, building a work force where they're not just learning from books, their getting hands-on experience. larry: i've got to jump. you're great, kelvin, appreciate this very much. you and i are going to talk some more about this tomorrow. appreciate it. all right, folks, president trump restarts his rallies in battleground states. we've got kind of a schedule coming out. i don't know if he's going to run in '24 or not, but i do know what a pleasure it's going to be to discuss this with my pal pete to discuss this with my pal pete hegseth when "kudlow" incomparable design makes it beautiful. state of the art technology, makes it brilliant. the visionary lexus nx.

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[laughter] we don't have a lot of time, pete.. i'm glad you came back. >> of course. larry: in a word, what would you have him say? how should he do this? >> well, everyone who's tried to tell donald trump what to say has ultimately not gotten their way. there's only one man who's going to decide what he says. i think it's, i think -- if i'm thinking about it in a straight guard way, i want him to look forward while looking at what joe biden has done to his legacy, his policies that have created a jimmy carter stagflation typen moment. he should rail on that and then talk about the potential of the future. you and i both know he'll go whatever way he wants, but we get anst opportunity to watch te greatest show on earth. the political phenomenon which tooch many people take for granted. you go to these events, i've been to a bunch of them, i know you have too, larry, they're like nothing in politics we've seen, and i think the left will be shocked by the level of enthusiasm. larry: i love that. you're exactly right.

it's going to be a big stir. people are getting real tired. joe biden's getting real old right away after a hundred days or whatever. but i think, pete, the other point you make is important. his achievements and why biden is failing and how -- >> yes. larry: -- trump should continue his achievements, right? looking ahead. i love that. who, who would -- >> who would have thought it would have been this destructive this quickly.ta and he should roll tape like he did in the campaign of the things he predicted would happen as far as energy, as far as economicom growth, as far as jo, as far as the border. all the things he forecasted have, unfortunately, or come true. he could stand up there and say it doesn'toe have to be that wa, folks, and point to 2022 and point to 2024. i don't think we're going to get any announcements, larry, but it's still his party. it's his nomination, should he want it. he knows that. larry: you know, we don't need anything yet about '24. we've got to kick the dems out next year, and he can do it.

he can do it on message and achievement and strength, you know? give some light to it. pete hegseth, you're the best of the best. maybe i'm going to take you to mar-a-lago, we'll write i that speech together. >> i'm in. larry: much more "kudlow" coming up. please stay right here, we'll b

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larry: let's have some quick fun. take a look. >> women of color, that was

really probably the best -- >> sorry, secretary, going to interrupt you real quick. you have a staffer who fully crawled on the carpet behind you, and it is the greetest thing i've ever seen. [laughter] sir? sir, we know you're behind the desk. [laughter] larry: we love staffers. that poor guy. it's a funnyt" start right now. ♪ elizabeth: a major fight over u.s. energy, your taxes and breaking news a top player in the infrastructure deal is the office of republican shelley says both sides are further apart than ever on infrastructure spending plan, did the biden agenda just hit a wall joining us kt mcfarland, congresswoman nicole malliotakis, andy puzzler, kristin tate, buddy carter, andy