tv Kennedy FOX Business August 7, 2021 12:00am-1:00am EDT
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stories aside bank stocks could do well, it is cheap and a fast grower and it's worth a look. jack: great ideas, think your. to read more check out this week's barron's magazine or online appearance.com, don't forget to follow us on twitter at barron's online. that is all for us, see you next week on "barron's roundtable".. larry: hello everyone, welcome to "kudlow", i'm larry kudlow, it is friday folks, let's give some random thoughts on money and politics in life liberty and the pursuit of happiness, first up our friend senator bill hagerty who was kind enough to come on her show a number of times refuses to vote for unanimous consent to close down for the debate on amendments to the official triple, why is this, because the c.b.o. just
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scored as a $256 billion deficit, in other words the pay force are not paid for him mr. haggerty who had known for many years been a man of principle objects to the deficit score. now here's what i don't get, according to the news reports 15 other republican senators were crowding around him on the floor of the senate to talk him into voting for unanimous consent, what were they thinking. these are republicans, were talking conservatives, good conservatives like ted cruz, john cornyn, ted thune, there's already far far too much green new deal on this bill, we will talk to kim's jostle from the wall street journal and steve moore of freedom works with all those problems, most particularly the unprecedented centralized control over the economy that the democrats are
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seeking to the green new deal, it's not free enterprise is corporate cronyism, status capitalism, car companies pledging to sell half their cars by 2030 as long as the federal government pays for. some people would call that socialism. and as i mentioned last evening president biden has choked off all the mining in the production of rare minerals and he's aiming to stop oil, natural gas and coal as well so we couldn't go to a battery driven economy even if we wanted to and frankly i don't want to anyway. now back to senator hagerty, at least the gop by partisans can do is pay for their bill, transparently out in the open. but now it's clear he hasn't even done that. i think i'm losing my patience of the whole story and i think we should be praising senator bill hagerty and wishing that all the other colleagues to join
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him in standing tough, random thought number two. today's big job gain very important, optimism wins again 943,000 and non-foreign payrolls plus major upper divisions for each of the last two months which really means over a million jobs created in both june and july. that is big, very big people told this economy has a repeat look to be wrong unemployment fell to 5.4% to 5.9, half a percentage point in one month, underemployment the use excel to nine-point to to 9.8, six tenths of a drop, the employment and ratio rose by 34 tenths of 8% and here's important the wage income, hear me out that the average hourly earnings plus aggregate hours worked is over
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10.7% at an annual rate over the past three months, 10.7%, that is huge and even though inflation is rising we have a 6.6% personal consumption over the last three months, that's still 4.1 percentage gain in real wages. even with a high inflation this is very strong. so our profits. the dow and the s&p 500 hit record highs today so all of this is good, i asked you folks fiercely in the name of good old-fashioned american common sense, if you're looking at more than a million new jobs with rapid consumer spending big gains in business investments and technology equipment, not to speak of a booming stock market, does anybody out there in their right mind really believe we
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need another $5 trillion to federal spending, please raise your hand call me, e-mail me text me, 5 trillion in a booming economy, by the way not to speak of $3 trillion or more and higher taxes that will wind up killing the golden goose in other words i think biden fiscal policy are completely out of line and out of control were talking more than 3 degrees and were completely out of line these policies are from another planet, they make no sense at all. now my last random thought this friday night senators on an old friend, common sense traditional values, free enterprise to back his name is larry elder he is running for governor of
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california and what may well be a successful effort to recall governor newsom and on to victory to turn to not stoke golden state, it's a great story and i'm glad to have them on the show to tell us about his question i want to harken back to something the great art laughter told us a couple nights ago as bad as politics may appear, you could have earth shattering changes in the left wings woke state houses in new york, virginia california all this year, think of it. first of larry elder it's great to see you, it's been a while thank you for coming on the show. >> you to larry. larry: i want you to tell us as i understand it from some of the polls, not that i really believe in polls but the recall effort is 50/50 you are strong favorite, congratulations to you what is the issue larry elder.
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>> there are several big issues, the biggest one is the rise of homelessness and the rising crime, the outrageous cost of living in the way this man has claimed on the state and the merger crony and weight compared to the other 49 states. while ignoring his own science, and a private education will shutting down schools and kids are already behind in california near the bottom, 75% of the black boys in california cannot read as state levels and those levels are not high half of all third-graders cannot and they were deprived of a whole year in school education while the teachers union is the largest and most powerful union in the state, the largest funder of his campaign and they did not want in school education they were enjoying getting their real salaries by teaching virtually we also have the factors for the very first time in california where having a net migration of people out of the state and they were talking about people between 50 and $100,000 and the
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number one reason they cannot get the first house because of the stranglehold the environmentalists have had for the last 20 or 30 years and it had on this governor for the last two years, anti-growth, antigrowth, anti-growth, anti-oil and gas, and tight oil and water, and 2.2 million people signed a petition, nearly a quarter democrats and independents. larry: gavin newsom has a love affair with taxes, 13.3% as a top income tax in california, i'm a new yorker but even that 13.3 is a pretty big number. >> at the highest marginal income tax date in the country, 13-point to percent you're actually right but is not driving the multimillionaires, there still staying here the people getting hurt other people in the middle class those of the antigrowth people and i'm going to turn that around and as i said earlier we have the problem
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of a list is for crying out loud they think you can build your way out of this without dealing with underlying reasons why people are on the streets in the first place that's also going to change and as i said earlier a large number of people who are democrats, independents and they are fed up and there fed up with the public schools, two thirds of black parents don't want to send their kids back to los angeles district because they may be able to watch virtual education and they see how bad it is and were talking about 300,000 public school teachers in california an estimated 5% are incompetent that's about 15000 teachers, any given year 2.2 of the 300,000 are fired imagine if we did the same thing with the police there's 10000 police officers in l.a. where i am assume 5% were bad cops planting evidence in racial profiling and using excessive force, we would've put up with her but were putting up with 50000 bad teachers, black and brown in urban parents want choice and education every year
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they pulled the lever for the democratic party and i think i can break the stranglehold. larry: that is great stuff, as i understand it gavin newsom is at it again he has mandated, not just devised but mandated masks in school for the kids and the teachers and for the ministry there's, talk about science, first of all not even the cdc is suggesting but i thought the kids are not the ones we should be worried about is the front healthcare workers but mostly older guys maybe guys like me and guys like you why masked the kids, does a lot of damage i'm told by a lot of people i know about these things masking kids in the schools does a lot of damage to them psychologically, socially, it's difficult to communicate what they're thinking and feeling and it's an impediment to learning. >> absolutely that's why i'm asking people to go to elect elder.com let's do something about this, gavin newsom is mandating if you're a state worker and have not been
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vaccinated you get to be checked and tested once a week and you will be forced to wear your mask at work, the whole reason you and i've got vaccinated is because were in the high level i have comorbidities i don't know about you but the idea of protection against people of not been vaccinated if you've not been vaccinated and assumed the risk that you might contract the coronavirus you'll be wearing a mask to protect yourself against other people who assume the same risks, it doesn't make any sense it's antiscience and that's one of the reason somebody people upset with the way this guy shut down the state, third of all small businesses gone forever because of the way he shut down the state. larry: my next question on that, with the teachers union breathing down gavin newsom's neck, what are the odds he's going to wind up, another bad month of delta strains from those who are not vaccinated and so forth, what are the odds he might close the schools again and shut down businesses again.
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the teachers unit is the largest under gavin newsom they wanted the school shut down they didn't want to go back to work but the largest affiliate is a unified teachers union in one of the conditions they put forth to go back to school was to defend the police and have single-payer healthcare, what they have to do with k-12 education is beyond me and he will be recalled come september the 14th. larry: i don't know everything there is to know about california but it looks to me like a bunch of crazy people running the state legislature in sacramento and besides the fact that i've known you for many years and i've always admired your approach in your principles, you can be a drain the swamp governor of california just to hold the reform process, a bit of champion philosophy comes to sacramento, it's long
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overdue. >> that's what i'm going to do i like arnold schwarzenegger are not coming up there to be liked, he's used to being adulation out of hollywood, he's the terminator and people loving him and when the teachers union began to criticize him in the nurses union began to criticize him he came and went to the left i'm not going up there to make friends i'm going up there to kick butt and take names i'm used to people call me uncle tom in the sellout i'm going up there to make some changes and is not a democrat thing or republican thing crime doesn't have a color, homelessness doesn't have a color, the rising cost of living does have a color common sense californians are hopping mad and i'm going to be a voice for them. larry: you know full well at the establishments sacramento and elsewhere welcomed and embraced you you'd be doing something wrong, it's very important that you not be loved, i think that the critical element, larry elder you have a shot of a
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revolution author and it's a pleasure to have you on the show and i wish you the best on the campaign trail. >> my pleasure elect elder.com, throw a little something in the tip jar. larry: movie not on "kudlow", the economy is booming, why do we need all the woke green government dependent spending, i don't get any of this stuff, bill hagerty, we have kim strassel and steve moore after the break to tell us why strong economy needs another $5 trillion in spending and more taxes. vote elder, larry elder i love the story, love love love ♪ this past year has felt like
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i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. larry: because the economymy is booming, as i said earlier who in their right mind thinks we need $5 trillion and more tax and spending and regulating. really joining us to discuss kim strassel with the wall street journal andjoss steve moore of e committee of unleashed prosperity hotline and freedom works vice president and all that is good in the world, kim i want to get to your column in a moment i had a few similar questions myself, before we get
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to the job that all of that, bill hagerty, senator hagerty who is a great friend work together in thet administration, he's saying he's not going to vote for unanimous consent closure with the c.b.o. scoring 256 billion-dollar deficit in other words all the bad things in the infrastructure bill theyp cannot make it on the promise that the papers or pay for an haggerty is standing up against that and all the senators, republicans are gathering around him trying to hammer him and devoting for closure, i don't get that. they should be standing with them, as you and i both know essential promise of this entire group since they begin this effort, were not good at a penny to the deficit and they argued that this was why this particular process was better
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and we work to raise your taxes and were knocking to do anything that's going to hurt the debt, now it comes out you could've seen this coming miles away and the bill for the papers was overwhelming now they got called out by the c.b.o. and they have been exposed, haggerty has the courage of his conviction to say wait a minute this is notal what we originally promised but what's up with the other 14 republicans, just go out and be honest. we don't care what happens to the deficit, just be honest but don't try to pretend as though you're doing something orr not. that's the thing those 15 republicans should be defending haggerty and say wait a minute, we have to go back, there is some good in that bill and there is a lot of bad in that bill, the bad is green, apart from that were on top of that their
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promises have been whacked by c.b.o. and steve moore nobody is defending the sky haggerty who by the way is a very good man and he's not going to back down. >> >>the amazing thing we spent like $7 trillion on the last year end half and there's no spending reduction, 0 and my favorite one by the way they can have an unemployment insurance haggerty program after they are ready had $50 billion in fraudsters stealing the money and goes to nigeriaes and china and now they're gonna say while the integrity program and if a businessman tried to do that to balance his books they would throw him in jail.
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larry: kim strassel, one of the things i'm loving about the green new deal, the car companies, i had a lot to do with the t car companies in the administration, they begged us to lower the café fuel standards, we did then they walked away from us and then they went green and they decided to side with california. now the car companies are saying were gonna go to 50% of our sales it's gonna be electric vehicles, right now is 3% of the going to 50% and eight and a half years but here's the wonderful catch they want uncle sam to pay for it, they want uncle sam to buy cars, to build the electric gas stations or whatever the returns et cetera et cetera, so the car companies, god bless them they're all in as long as the federal government pays for. how about that, is not like american free enterprise or
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what? >> this is a dirty little secret of the entire bidenen green agenda, you just need one piece of it and all corporate welfare, that's a piece of it will look at the infrastructure bill as well there is bailouts for the nuclear industry yet the dudepartment of energy returning to its role, its failed role as a would-be venture capitalist, everybody rememberev the name solyndra and fisk or you're getting more money to take in every single company out there they can pretend it's working on some sort of renewable energy venture it's going to be coming to the government with their handout and that's before you get into government meddling in broadband and meddling in the grid, meddling in all sorts of things that have traditionally been handled by local authorities or by thes private sector. >> in ice add to that we've been hearing the last fiveys or six years out of the green industry
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how efficient solar and wind power are in their more efficient than the conventional coal and natural gas and it continues to pour more and more money into them. they're building these massive multi-billion-dollar transmission lines as kim was just talking about, also we can link up the wind and solar power on top of the $150 billion rarity provided them, kim and you are right this is corporate welfare, giveaways to these corporations and that's why they love it. larry: there's a really stupid piece in this, even if you believe what i'm calling the battery driven economy and by the way i do not want a battery driven economy, i think we should use all power sources available, even if you believe that stuff we don't have the resources to do it because the bidens don't want drilling or mining and we don't have the rare-earth this is the plan to make china number one.
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china dominates the rare-earth, china also dominates the solar business because of the silicone but i'm focused on lithium, coble et cetera, bidens don't in the u.s., we have some in alaska and in minnesota and other places, even if you buy the battery driven economy we couldn't do it anyway. >> we have more mineral resources than any country in world were the most mineral rich country montana, the dakotas, alaska, we have by many estimates $20 trillion of these minerals including the rare-earth that are needed for solar and wind and so on and yet you're right basically there's almost a moratorium of mining on this country not just for coal but for everything. the other thing that people are forgetting even if everybody had
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an electric car, i agree that's not going to happen, you need to charge the batteries, you need electricity and we have 60% of our electricity from coal and natural gas and nuclear power, are we really going to go to 100% wind and solar i don't think so. larry: kim strassel give you the last word can larry elder be the next governor of california, what do you think. >> i agree with you i love the story and fascinated by the way it's turning out and i think it's because he has a lot of really smart practical innovative ideas and is talking straight to californians and they don't get that very often. larry: he's a great communicator and he is a lovely way about it and it could be a revolution in sacramento. >> don't't forget. larry: we may have some action in new york too, who knows. kim strassel, thank you very
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much, steve moore everything that is good, thank you very much. coming up on the show governor desantis blast joe biden over the border crisis. >> why don't you get this border secure and until you do that i don't want to hear blipp about covid. larry: i thought that was very cool desantis took biden to the cleaners, we'll be right back cleaners, we'll be right back with her pa steve miller [sfx: radio being tuned] welcome to allstate. ♪ [band plays] ♪ a place where everyone lives life well-protected. ♪♪ and even when things go a bit wrong, we've got your back. here, things work the way you wish they would. and better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today.
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wa >> why don't you do your job and why don't you get the b border secure, until you do that i don't want to hear blip aboutbo covid from you. >> mr. president on governor desantis. >> governor who. >> desantis. larry: governor who, that's not much of a response let's bringng in steve miller white house advisor and founder of w america
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first legal, steve miller i would say that ron desantis has best and to say governor who where desantis said, don't you be telling us about covid and so forth when you can't even protect the border which is which is a well-known fact, biden pulls her collapsing, i would say desantis ten, biden nothing. >> first of all man who is being seen in public as suffering from cognitive impairment, joe biden is not helping us by shouting governor who in response to the governors most populous state, is just a very bad look provided on any b measure, does not inste a great deal of confidence and swing voters around the country but with respect to the substance of the exchange, the conditions on the border are
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cataclysmic, i talked to border agents in i.c.e. officers, they have facilities that are four times, five times, six times the maximum capacity in pre-covid times, this is during covid there creating the perfect condition for new variants to spread and pop up young people who are being smuggled together in the facts of tractor-trailers in facts of shipping crates for weeks at a time and then there being held on u.s. soil, were asking for new variants to come into our country, so biden literally does not have a leg to stand on when it comes to coping because of what he's doing on the border. larry: that's what i think governor desantis in an off-the-cuff remark, why his punch really stock and why bidens response, it did not look good but the factsts of the fac. you tell me, you're the expert,
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what have the bidens done to fix this, i think that's what americans want to see, what are they done to fix it in on that score, and gonzales sheriff of harris county, the head ofti immigration and customs enforcement which last i heard is being defunded as a mission to enforce of the border has been removed, this is another false stepem seems to be. >> the choice of head of ice and epitomizes the problem. let me speak very broadly when president trump left office in 2020 we had not only the most secure word in american history but we also had the most effective set of enforcement tools and american history, you know them well but i'll restate them again we have remained in mexico, we had safer agreements
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with honduras, el salvador and guatemala where migrants can be sent there instead assent to the united states, we had a border expulsion program because of covid notice title 42, we had in place foreign-policy agreements all aroundre the world to expede the removal of illegalal immigrants, we have the most effective system ever, now with respect to gonzales, he as sheriff in texas terminated an agreement with the federal government known as 287g, what that means it's an agreement who sold purpose is to fight dangerous criminals and remove them, that's right exist to train officers on how to identify dangerous criminals who are removable, flag them for ice and ice comes and picks them up and take them home, you're talking about a guy that terminated that program if he was advocated for centuries cities that shield criminals,
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what message does assent to the brave men and women of ice if you choose to head them who made it their mission to him undermine them at every step, president trump supported the i.c.e. officers as no one ever has before and president biden is i.c.e. officers worst enemy. larry: do they want ice to enforce the border. that's a question a lot of people are asking. >> they don't want ice to do anything. >> i wish i could say joe biden is mentally unable to do anything and that's why it's all falling apart, it's worse than that he's made a corrupt bargain with the marxist in his administration where he's letting them do literally everything that theyy want to do so he gets to sit there in the oval office, that is worse than incompetence, that is malice. larry: steve miller let me ask you one more before the to go if you knew, hypothetically that
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the economy was not delivering over 1 million new jobs per month recently, would you propose a 5 trillion-dollar addition to federal spending to boost it? >> is my goal to erode the dollars that no middle-class family has purchasing power, and fast my goal then yes but if i want to have a trip economy in which people have increased purchasing power in the blue-collar jobs and wages boom then no, that's definitely not what i would do. larry: president biden said the $5 trillion spending plan will reduce inflation. >> i would like to know how the monetary theory works, you're a very skilled economic expert and you have to explain that one to me i don't understand how printing money you don't have makes the dollar stronger. larry: finallyly on this point m trying to see americans have a lot of common sense i'm not sure the biden demonstration does, on
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top of that will have 3 trillion in higher taxes, we're gonna spend our way intong lower inflation and were going to tax increase our way into prosperity, i think there's going to be a marketing problem to sell those degrees. >> the good news as the middle class is shrinking and wages are eroding, at least people can take confidence in knowing they no longer live in the country with the border. larry: steve miller, way to sum it up. climate agenda return for higher consumer prices, really we will discuss all of this with mark mills, great expert from the manhattan when "kudlow" returns. ♪
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you see certain things get reincarnated in your children. introducing the wildly civilized my daughter is very much inspired by my wife's artistic pursuits. so my daughter started making necklaces. she makes what we call affirmation fashion. i tell her every day that your black is beautiful. your black is beautiful. your black is beautiful. and if there's anything better than being beautiful, it's being smart. and if there's anything better than being smart, it's being kind. and reaffirming that every day is our method of making sure her chin never drops. my dad wasn't around. and i remember riding a bike and falling off and cutting myself. and me never just wanting to get back on it.
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don't, even if you do, we don't have the resources pull it off, why try joining us to discuss mark mills senior fellow manhattancu institute will come back, you've made this point and you made it again in recent testimony, you and i talked about this on tv and the radio i don't know why they're not focusing on this, even if you want to do the stuff, they're not letting us drill, produce any of, the resources, any of te rare-earth resources or for that matter, natural gas, oil and coal. >> nevermind where things like rare-earth light copper like the cars use 300% more copper per car than internal combustion engine cars and we need work nickel and cobalt and manganese and aluminum because you have to lighten up an electric car with aluminum to compensate for the halftime battery, it really is a
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puzzle and frankly that were not connecting the dots on this, electric cars are perfectly fine and have a lot of applications one has to admire elon musk for stimulating a lot of electric cars, the fact is even international energy as you pointed out the world is not now nor planning to produce the quantity of minerals needed to make all the batteries by quantities, these are shocking numbers with a half increase global mining of a half of radio minerals from 300% to 6000% more than today, those plans are not in place, not the rest of the world are not in place anywhere, the world doesn't seem to t be believing. let's put it this way if you read what minors are doing when they're extracting rents for a higher price now but they're not planning this extraordinary expansion of minds, if we do this in america and compete with
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germany and france and england on this chase to require more electric, we will create a huge super cycle of demand foric thee economies, let me just finish with this 60% of the cost of the cars battery is in the commodity material themselves, does the commodity materials will increase role demand by commodities by hundreds of thousands of 8% number being told the price of the batteries are going to go down. what planet does that happen. larry: it makes no sense i call it single entry bookkeeping on the one hand utopian dreams but on the other hand you have no planning and no investment to make any of them comeif true wht about the electricity grid, if they were a lot natural gas and they rely oil and so forth were they rule out coal, don't we still at some point in the production process need these
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metals the rare-earth to produce. >> sure, the electric grid itself, overall this interesting calibration point for people who care about the environment it's roughly tenfold, you do the math it's a thousand% more materials have to be mined and moved around to make electricity if you go wind, solar compared to gas turbine, this is concrete, steel and glass, then you add the mineral requirement, the copper, cobalt and magis chromium, there is roughly again somewhere between 400% and a 5000% increase in those mineral requirements per unit of energy produced. we are notot mining them so we will import them, one canin rede this not the carbon terms but the dollar terms, the physics of money, here's was going to happen, were gonna throttle a
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massive liquid and gas producing industry versus revenue for america, hundreds of billions of dollars and were insteadoi get import three times that amount of materials in the form of those minerals needed to make green machines and batteries. larry: from china. >> china, russia. larry: were playing into china's hands and russia's hands, let me get this right, all of a sudden power, electricity autos is going to be a lot more expensive and probably accessible and available, were gonna have higher prices and adobe harder to get the stuff because were not prepared for we have not made the investments or the production b, we will boost china's economy, what a a great idea. >> if we were serious about this, part of the infrastructure investment would not be on more
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subways and beyond minds and refineries for meta- metals and minerals in america if we were serious about it. i like minds i worked for my company early in canada, it's a terrific industry, we should do more we can do cleaner, safer than anybody on the planet but we throttle the long timefe ago. >> the enterprise private sector. mark mills thank you for helping us out, next up the economy is booming and so are o stocks. i'm gonna let jim iuorio guide us experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth.
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the new sleep number 360 smart bed is temperature balancing. and it helps keep you asleep by sensing your movement and automatically adjusts to keep you both effortlessly comfortable. proven quality sleep is life-changing sleep. only from sleep number. larry: stocks are booming, jobs are booming, inflation is booming, it's like everything is booming so let's see what to do about it jim iuorio institutional services and restaurant tour extraordinaire in the chicago area, jim we haven't spoken in a while,n really you have over 1 million jobs, this is with revisions over a million jobs created in june and july, basically profits are booming and consumers are booming, i think it's fair to
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say businesses are booming in investing in technology new equipment and unfortunately prices are booming and inflation is booming, what do you make of the story is a very exuberant story. >> there's a couple of things that jumped out at me when i saw the numbers today, year over year your needs month-to-month were both up, i thought there was a chance that the market was going to view that badly and maybe make more of a stone but at the end of the day everything 80% is great news but the market still need something to hang otheir hat on to convince themselves that is good to be pursuant and i'm sure we'll know more in, we always know more in two weeks but the end of the day this is a good number, solid number and it was perfect for the stock market because they don't think they will increase much in we closed out the week of new weekly high school and if we add to that a on monday game on. larry: the fed should taper
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sooner in the market knows that the markets will not for quite a while and you can't have inflation, what we don't want is an inflation and we can argue whether is to your permanent probably some of that depends on washington, d.c., it's interesting to me, going into today's number, we had jeff on yesterday, a very distinguished investment advisor and i asked him why are people so pessimistic about job economy and he saidbo by the way he wasn office which proved to be right but i'm reading some pretty distinguished people we've seen peak growth and listen that in real wages or folly which by the way if you're not, this is gonna go on for a while if washington doesn't kill it. >> there's no doubt, i'm optimistic it's when i put myself next to larry kudlow that i sometimes looked optimistic
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but i'm usually optimistic about everything i believe a year ago we were coming up on the firing 20s and i believe that's the case the only thing they can spoil the party, i believe that they will, they proved to be bad at this and they've kept them on for too long in the buying 40 billion despite the fact that the housing market is booming i know there's more to iti than that a simple explanation but they certainly should not be doing that, talk about on twitter all the day inflation makes theon rich rich by inflatg their asset and make the poor people struggling in that the shape should get out of absolutely. larry: training and training dollars and during the reverse rp's with money funds and things that have more cash than they want so it's a weird story the fed might not be a as loose and accommodating as people think.
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why are market rates the 5 - tenure 30 year, market rate should be much higher, why is that. >> absolutely much higher, when the ten year made it to 113, there was a couple think the playing people were reminded that the fed is not going to let them get out of hand, when we sare up 1.8%, the market startd to worry, probably know, the market positioning was so heavy in one direction that wouldn't unwound and knock them all the way down i think that part is over, we saw a little bit it's like the curve is releasing but really it's
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teacher: in 4 days? child, voice-over: there was an old woman who lived in a shoe. bye. bye! child, voice-over: she had so many children, she didn't know what to do. i'm home. did you have a good day at school? all right. child, voice-over: she gave them some broth... without any bread... teacher: there you go. [siren in distance] child, voice-over: and kissed them all soundly... night-night. good night.
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go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. larry: will drain the swamp tonight," "the evening edit" starts right now. ♪ elizabeth: okay. we've got the new york state attorney general and one of his accusers, the attorney for charlotte bennett, now firing back as governor cuomo we have the new york state attorney general firing back at governor cuomo'se attorney today trying to attack the investigation that found he1 sexually harassed 11 women this is the same investigation that cuomo got in trouble for in micromanaging from the start, his team also attacking a former aide who filed the first common complaint against inst cuomo. legal observers warn this is a story about
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