tv Kennedy FOX Business November 5, 2021 7:00pm-8:00pm EDT
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want to take the shot. elizabeth: robin hello thank you for your service to our country, it's good to have you on. i you been watching "the evening edit" on fox business. we hope you have a good evening, join us again monday night. ♪ >> hello everyone welcome to "kudlow" i am larry kudlow coming to you from palm beach atlantic university. plenty of annex on capitol hill, let's get right to hillary bonnett the hell with the latest and presumably the truth. the spotlight is on you, what is the truth. >> progressives and moderates
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are in the same stand up they have been in the past few months. over whether or not to vote for the infrastructure bill with the social spending package at the same time on the same day. here is part of the problem house majority leader made the announcement that they are going to push through the infrastructure bill for about this afternoon and then do a procedural vote on the social spending package. why is that, several house moderates say they do not want to vote yes for social spending, potentially trillion of new government spending from the congressional budget office that c.b.o. scores, that's a successful holdup, there are enough votes for pelosi to lose and knock at the social spending package there. but if progressives don't win of the idea, there are 90 member caucus, they send out a statement moments ago saying this if our six colleague still want to wait for a c.b.o. score, we would agree to give them that time after which point we can
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vote on votes still together. we're expecting to hear from speaker pelosi and what she has to say, she will not bring these bills to the floor, the social spending bill unless she has the votes to do so. we don't know if that vote is going to happen on the infrastructure bill after all and you and i have been through this many times, this would be the third failed attempt and blow up of policies efforts to wrangle her democratic caucus to come together and put the infrastructure bill on the president's desk and the president said today, he wants members to vote on both bills. but it doesn't look like anyone is listening to the president or to speaker pelosi. larry: this is really the most fun we've had all year. it's a most fun. thank you very much for your great reporting. circus maximus continues on capitol hill, we may or may not be key votes tonight.
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i'm sure as hillary vaughn indicated there could be an infrastructure vote first and then a procedural rule on the build back better deal. but then again maybe not. i'm interested in this they do pass infrastructure bill, it will become law. that takes away leverage from all the far left progressives. and it looks like they know that they're in full rebellion. the procedural doesn't mean anything in terms, it's a social package. by the way while no one knows what this 2500 page monstrosity, it is rumored, here's the stuff coming out, things like reusing the salt deduction cap amnesty for illegals, welfare assistant for illegal immigrants, reparation for families separated at the border after coming here illegally. this new, snoop, snoop bank account scam and of course paid
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family leave and medical leave, that was put back in despite the fact that managing should rule it out. there are still virtually no work requirements for the social programs. and of course no one really knows what any of this cost because the congressional budget office hasn't scored it yet. kevin mccarthy said today, the c.b.o. may not come until thanksgiving. i think that's all pretty cool and no one knows what it cost, geewhiz, let's do it. tonight they may or may not vote on this procedural rule, all to say good luck on that. by the way this will not past the senate. no way, speaker pelosi is going to put a lot of moderate swing district democrats on record to vote in favor of this monstrosity that will in the end, not become law.
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it is a wasted vote, the worst of all worlds for those. i'll say this after tuesday's election which was a complete rejection of all this massive spending, all these house machinations, strongly suggest a big republican sweep is coming next year. not that anyone really cares but i will add this. the pin morton model is scoring this at 4 trillion, not 1.75 trillion. by the way, 1.75 trillion is completely unnecessary, we don't need it. if you ask me they should be flatlining last year's budget but they should take care to remove all of the pandemic emergency release items. progressives want to make them permanent. that is a big government socialist welfare state. the emergency is over and the per and ditto for the federal
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reserve which is still operating emergency money creation and that too should stop immediately. let the games begin again. you know it's coming you know what i'm going to say. save america, kill the bill. joining us now we have an all-star cast today, joining us missouri congressman jason smit in indiana congressman jim banks. jason smith, both of you thank you ever so much for coming on the show, this is probably the most fun all of us have ever had. but in all honesty, why would they put this bill back together with all of this stuff, the salt, the pain leave in
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immigration staff, knowing full well it ain't going to go to the senate. >> this is exactly what pelosi is trying to do she saw she couldn't pass with making senator manchin tapping into senator sinema, she tried to just get something like a hot potato off of her hands and put it over another chamber, knowing this is her cap and trade of 2009. the bill that they're trying to ram through right now without the congressional budget office scored is just so she can get in the other chamber and tell i got it done. she has a lot of problems in pelosi's power. i can tell you that right now. larry: jim banks, i know these processes have sunk to new lows. i understand that, regular order is a thing of the past in the u.s. congress. but in all honesty, how the heck can you vote, on a rule or on the legislation for 2500 page bill that no one knows what's really in it and not scored. there is no pride you don't know what this thing cost, how cannot be done, it can't be done that's a fact of the matter, this bill
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is twice as long as the bible, i guarantee there's not a single democrat that stayed up last night and read from cover to cover the bible and i guarantee not have read from the front to the back of this monstrosity. the more we dig into it, the more we learn and the worse it gets. you mentioned a laundry list of reasons to vote against this bill from amnesty to the 4 trillion-dollar price tag that they said this bill is going to cost even though they're lying. we learned that a republican study committee on capitol hill, the more we dig into it the more we realize this does not bill back america better and builds back beijing better we found they remove the key prevention over night that barred dollars from the bill to go toward funding businesses that use uighur slave labor.
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why would democrats do that the reason they're doing that is to achieve the green new deal objectives of the bill, you need the solar power panels that are big part of them coming out of she junk province where they use uighur slave laborers. this is a big favor to china and the chinese communist party and it does a lot of harm to the united states of america. larry: i think what jim banks says is very important and for the life of me i don't know why were subsidizing these things. this is all not thought out, the green new deal stuff electric vehicles, batteries, we don't have the resources and china has them and they won't let us mine on. we have them here in the states but they won't let as mine them and biden has shut down those things. this is so self-defeating. >> this bill is a disaster is
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bankrupting the economy the largest bed to build the history of the united states, the largest tax increase in the history of the united states. it benefits the wealthy far beyond what anyone can imagine, built the washington bureaucracy to an unbelievable level. in this bill alone we discovered more than 150 new parts of the government that will be created. it is crazy, the amount of growth within this bill, think about this at 11:00 o'clock last night there last minute to the bill on the floor with a ten page amendment to increase the tax cut for millionaires even more to increase the tax cut on millionaires even more nancy pelosi says it's about the children and the babies, this is all about their wealthy donors and paying back their friends and political allies and being spent on working-class americans. larry: this is the josh
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gotheimer memorial tax cut for the rich and three or four states. particular his county, bergen county in new jersey where i grew up. it is all very amusing and enable critical by the by, jim banks do you have any sense of what taxes wound up in this bill, we have not specified that either. >> they don't want to go into a lot of deal unto detail on how they're paying for the bill they keep telling us it's paid for. what are the reasons the intent to pay is by hiring 87000 new irs agents and army to spy on your bank account, find $400 billion, they're knocking to find different big corporations who have an army of lawyers themselves and tax loopholes to fight back. they will fight for hundred billion dollars from small businesses and from hard-working families. that is how they will find it. and 87000 new irs agents in 80 0 billion-dollar/fun for the irs to do it.
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the tax cuts they have not put a lot of detail into that. it's a monstrous bill that were still unpacking nobody has read all of it yet, we will learn more in the days to come but for now remember the 87000 irs agents are gonna become an army and more involved in your daily lives and be spying on your bank accounts. larry: the snoop, snoop, snoop stuff is still in there. i was just asking because i don't know what the corporate tax rate was going to go up to them whether 50% minimum tax or whether they would tax millionaires and billionaires on capital gains, i don't think that anybody knows that, if you guys don't know what you the experts. i don't know who the heck knows it. it's all exercise and ludicrous. i want to give you the last word, after tuesday's election which was a massive rejection in my opinion about big government socialism and woke politics and so forth. don't you think, your republican
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conference is looking pretty darn good not only this year but also next year's elections. >> it's about the american people, we did look at what happened on tuesday night it was one word, one word and that is controlled, the american people are tired of government controlling their lives, they're tired of it controlling their kids, controlling their healthcare, controlling their jobs, they have had enough. that's exactly what abiding america does whenever you have an absolute control with the democrats in the house in the white house they like to control all the american people and guess what virginia and new jersey said it's not happening, the rest of america feels the same way, unfortunately our colleagues appear on the other side of the aisle have not learned their lesson, they're trying to add more control on this legislation and trying to sneak through without the american people knowing what's in it.
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larry: you know, when your enemy is sitting around destroying itself, just and back and let it happen i guess. you two are wonderful, jason smith, jim banks, your terrific i cannot thank you enough. coming up on "kudlow", yes, sir. save america, killed the bill. spot on. those guys are terrific. on "kudlow" the october jobs report showing signs of president trump v-shaped recovery if you ask me and repeals his tax cuts, the job numbers are good, brigitta take a look at it. if it not broke don't fix it, why correct tax consider spotting a second recovery. liz peek and tyler goodspeed we'll break it all down when "kudlow" returns, save america, killed the bill. ♪
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moving is a handful. ask your doctor about once-daily trelegy, no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. ♪ ♪ ♪ ♪. larry: today's job report was stronger-than-expected in the stock market rally slightly by the way. it contained huge upward revisions from the prior couple
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of months, net net net, private payrolls rose up 766,000, household employment not so strong afteron hundred 59000, however, the overall unemployment rate did come u don from 4.8 - 4.6%. the level of payrolls in october is now four-point to million below the peak in 2020, february of 2020. it's a pretty tight laborar market. while many of the pandemic related jobs may be coming back there is really no sign of real new job creation. by that, the participation rate really didn't move 61.6% in the employment population ratio just budged a tiny bit to 58.8%. i think the brightest spot in here, wages rose slightly
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insulted hours worked, the year-to-year change in what we call wage income proxy which is hours worked plus hourly earnings is 9.1% year on year, that's a healthy number and still blood the inflation rate. i will just say this as an editorial, everything i say is an editorial, the truck tax cuts are still in place. they've done their best to knockout energy, they've done their best to clog the highways in the ports and to generate this pandemic inflation but the trump tax cuts are still there and i think the incentivizing some of a this. let's hear from a highly distinguished panel. we have tyler goodspeed, former chairman of the council off economic advisors and columnist for the hill andfo fox news contributor liz peek. welcome to both of you. i'm trolling around mar-a-lago last night and come up upon my buddy howarder goodspeed is.
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>> i was waiting for people to jump in but they never did. larry: i think you're right when you look at the private number, when you look at wage gain and you look at the last juul data for quick to vacancies and looks and feels like a tight labor market. my big concern it is a tight labor market while we are still 4 million jobs short from where we were in 2020 and 7.7 million by my estimates sure of where we would be. larry: the prior baseline. what do you think liz? >> we have a great jobs market going on despite joe biden doing absolutely everything he can to disinfect advice work. whether it's extra benefits or theor vaccine mandate, he's made it so hard for employers to hire people, it's amazing we have the hiring we did this month. larry: we will come back later in the show, will we were with
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president trumpde last night, he gave a terrific speech. in the speech he quoted all of our numbers, you, me and kevin hassett on the increases in middle-class wages and typical family incomes. this idea of rewarding success, not punishing and that's what liz is w getting to. that is the thread that overhangs all of this. my question is, are we creating new new jobs or are we still getting back the old jobs? >> were still in recovery mode in terms of recovering lost jobs, fiber and the white houseo one of the things i would do is try to make sure businesses and households have as much certainty as possible. that's why we haven't seen investment rebounds and if we want to entice those 55 and older workers back into the labor force, the best way to do that is to make permanent or indicate that were gonna make permanent sum of the individual income tax rates in 2015. larry: from the individual taxes
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permanent, right now it's all going to be at the window. >> total uncertainty, every aspect going forward for major industries. we don't know energy policies going to look like, they can't even agree amongst themselves, this is very difficult, i must say i was very cheered to see a big increase of hospitality's and other workers that basically were laid off because of the pandemic which tells me that the sensation of a lot of the incremental benefits happened in september really had an impact, just as steve moore andnd you bn saying get rid of incremental benefits, those are lower wage jobs, they came roaring back because those people need to work. thankfully we saw that. larry: the left always denied that that would happen. there's a half some odd million, for continuing pandemic insistence. >> the september number did not give a hint that that made a difference, but the revisions saying that wasad not true.
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i think we should really be cheered by that in sort of a message to these democrats created this enormous bill with all these extra handouts to people, that's not going to help the number one shortage that we have right now which is workers, that's driving wages up worsening the supply chain bottlenecks that we have, it's really a problem in the biden white house completely ignores it. larry: i hate tax increases as a supply-side or, one thing that bothers me about the budget monstrosity, the democrats are putting up two progressives, there are no work requirements, in other words the cord between working assistant has been brokenwo. what clinton did years ago we can great and so forth is severed. so you can stay home and have your leisure time any still paying you. >> december but we did in the 2016 taxax cuts.
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we doubled the child tax credit in 2017 and expanded eligibility and we made a fully refundable against earned income which means you had to been working in order to get the refundable portion. they made a fullyre refundable which eliminates what was effectively a subsidy for employment under the 2017 tax law. larry: stocks did pretty well today. they seem to be a happy camper. >> it was a perfect goldilocks jobs report, if it weren't for such a low out for jay powell to tear his hair out and say we should move faster. and yet i must say you are right the income proxy was better than inflation but the wage rate, the wage increases not better than inflation. i think everyone found something to talk about in this but i keep thinking the market has got to react to the back-and-forth ons the stimulus bill. if you were doing that you have the most volatile market on earth because you can't seem to come to a vote and they can't see did not come to about.
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i think investors have given up trying to play that game. larry: tyler goodspeed, jay powell was seen leaving the white house last night, year of said watcher you dealt with the fed when you were running the cea, what do you think we don't know if he wasf smiling or frowning, we don't know people's golf clubs out or not, we don't always going to hang around. , what is your founded expectation here? >> i think the white house over the past couple of months floated a few trial balloons for his reappointment. the first day they let leak that secretary yellen was in favor of his reappointment then they let leak that they were consideringa reappointment paired with elevating o brainard and diverse pics for the vacant government airships. both the trial balloons were able to flow without getting shot down by progressives.
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my hunch is there probably moving inro that direction. >> then they give a nominee for the currency who hates banks. larry: you took the words out of my mouth. >> from moscow university. >> with the london scholarship. >> facebook marks the study group. larry: we can't find this thesis. we keep looking for thesis and we can't find it. she hates banks and wants to nationalize everything and defend the soviett union. >> they want the federal reserve to takeover lending. larry: maybe she should run the federal reserve. were going to leave it there, you are both great. liz peek and tyler goodspeed. biden's message and his war on american energy, here's where i takene it drill moscow drill, tt is their solution. were gonna take that up for the former secretary david bernhardt knows a thing or two, you can catch capital monday through friday at 4:00 p.m., right hereu
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>> and sturgis miss again it is $2.89 a gallon. i guess that's better than california. what is the what is the plan to increase oil production in america. [laughter] >> that is hilarious. >> what is the biden plan to jumpstart energy production across america? >> here's the biden plan, the plan is to diversify.
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larry: really that was not much of an answer madam secretary. in the laughing staff is like kamala harris, she laughs when she's in trouble. i wonderon out loud whether ms. granholm or her boss, president biden actually knows that the united states has tons and tons of oil. we are 2 million barrels per day short from the pre-pandemic peak which was 13 million and were hovering around 11. if the biden's with letter producers produce the world market price of oil would come way down any that hard but they seem not to know aboutut our american oil story. it's very puzzling to me gresham's triumph for non-trial glasgow scotland. this is where he asked saudi arabia and opec to. more oil and russia into keep
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those pipelines going. you don't want to help us, you want to help them calm america last, i'm just calling his policies drill moscow drill, that's a way of looking at it. anyway, here is some you can put it straight, former interior secretary david bernhardt. secretary bernhardt, a very curious story, very curious, granholm laughing, really. what you make of it. >> thank you for having me, it's great to be here. but the bottom line it's not a funny situation. every dollar of gas that a low-income wage earner has to put in there take is a dollar of gas that might not go for groceries. in just a few days ago the president himself was saying it is not right for saudi arabia and/or russia to increase their production. how in the world is it right to not increase american
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production. the reality is as you know that we have the resources, we have the technology and we have the manpower to develop these resources in the most environmentally responsible way of anywhere in the world, oil and gas activities developed by us. larry: we used to be the swing producer we were independent starting to export. now we forfeited back to opec plus, whatever russia and saudi arabia. i think that is a terrible economic position for us toa, be in. it's also a terrible national security position to be in. >> you know that more than anyone at your part of the team that said hey, let's's make ourselves net energy independent by 2019 and you did that. the first time in 63 years and you kept chugging away. but this current president wants
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to take a by 2014 we were tremendous dependency on oil from the world, let me give you one civil example, today we are importing more oil from russia that we are producing in alaska after he shut off after he chose to suspend the leases in alaska he said don't drill, don't drill and the reality is we need to develop that energy and put that into our economy and protect our national security. larry: that's why call it drill moscow drill, the little unfair and cynical and snarky but that's a reality. as a former interior secretary i want to goe back to alaska, they have taken off the table and also the willow was a bar, they taken that out too, they're not appealing a decision orth some such. >> they chose not to appeal it,
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they decided they wanted to spend additional time doing additional environmental analysis this is something that is astounding you working with the president and the team put in new national environmental policy regulation to streamline things for two years, get projects done within two years, there and doing those in the a same time there touting infrastructure and it's good to take longer to do anything longer to do less. this is less for the iraqi people in energy production and projection development and economic opportunity. larry: jobs, wages and the whole 9 yards. have you noticed the weak recovery of drilling. baker hughes rig count as our hardly come up despite 80 plus dollars a barrel. why do you think that is.
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>> we don't have to ask yourselves why. today 18 senator set a letter to the president that listed all the things that he needs to do to try and address energy for the winter. and that, he lays out the number one concern that they've received from folks in the uncertainty that these caused which is a legal action on leasing with the development of regulation has created so much uncertainty that they are not willing to invest, he can go out and lay a clear message that says let streamline the staff, let's only have sensiblend regulation and if you were to do that the economic engine would turn right on. larry: when you are interior secretary didn't you encourage this. >> absolutely. we went the president's direction and rapidly expanded onto new areas and as part of our natural resources that should be developed.
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larry: former interior secretary, thank you, my friend, great to see you. coming up next on "kudlow" president trump gave a rousing speech last night it mar-a-lago he was telling folks that have the courage to make america great again, again. a hell of a speech. we were all there. monica crowley and roma daravi are coming, they heard it, i think it was one of the best speeches ever. i'm "kudlow" and we'll be right' back. back. ♪ as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback?
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the america first policy institute at mar-a-lago, he called on folks to showag more courage and he repeatedly said this, make america great again, again. in the crowd loved it. and i loved it too. it was an incredibly sensitive speech as well. joininged is now two ladies who heard the speech last night, monica crowley, former assistant treasury secretary and roma tadaravi former white house depy strategic director. it was one of his better. for the policy substance, which you know o we love. >> nobody does it better than donald trump and every time you get a chance to see him live whether at a rally or last night mar-a-lago was a phenomenal experience i think going forward anybody who thinks he's taking leave of the political thing is sorely mistaken, last night he did two things, he did call the biden presidency already a
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failed presidency, he deconstructed all of the failed policies to national security to immigration of course he called on the american people to have courage but taking on what is going on in their communities locally, one of the greatest contributions president trump has made he is in the political blocking for republicans around the country but also for the bank of people to be fearless and stand up and fight back and be unafraid to stand up. larry: he came back to the table and i said to him i sent first of all that courage thing was fabulous. build on it because we do need courage. one of the things that i thought was very cool he went down the list of our achievements, achievements, this and that kevin has to and so forth,
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helping the middle class. that was very impressive. >> he did, the president was on fire last night. you could tell he was energized, he was in the game, there is no world that exists where donald j trump is sitting on the sidelines. we were able to be there in person. i think what is really important is for the american people at home to remember that they have a president who is out there day in and day out fighting for them. the policies that they want that will benefit their families and their children in their employees and their companies, we don't have to sit back and watch joe biden faultlessly better climate summit helplessly thinking that this is supposed to be one of his top political agendas. maybe it is maybe it is not but it's certainly not what i wouldi want from a president, we can find hope in our president
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donald trump and i think we saw a lot of that last night. larry: correctly so he was very tough on afghanistan. and what that meant, not just politically for biden but the whole country setting us back and he linked it to the aggression of china and the president xi. >> he was making a point that american strength is a real force for stability and peace in the world and america's weakness when we are weak and we have a weak commander-in-chief as a provocation. in the temptation to the world's worst bad guys to probe in advance and a threat to america's interest around the world. he made that point very forcefully, afghanistan is the centerpiece of that but you're seen around the world, what he was doing last night was making a comparison. he said for four years, we had relative peace and stability in the world, we have strong united
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states blood by a strong american president. now were having to reverse and the people who are going to be affected the most of the american people. larry: was not speech tape? do you know? >> they were quite a few funds out last night even though mar-a-lago has a policy. larry: i want to see that speech it was completely issues driven. >> to you know what guy, can we get it? do you think we could get. larry: i'm going to look into it's for them a first policy think tank that we put together. we are nonprofit by the way, it's not political but is issues oriented and he loves it because he is doing issues. >> and i make one last point, he did this a couplee of times whih i have rarely seen him do but is incredibly important. he said this is not about me, this is about america and it's a lot of criticism that trump makes itci about him, last night he said basically were in a war for the country's future and
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this is not about me it's about american american people. larry: he was joshing the left and right, make america great again, again. monica corralling roma daravi thank you very much. coming up on "kudlow" u.s. job growth for the monthpp of octobr and stockmarkets lovedor it. who else, jim iuorio joined me next. he'll give us a scoop, how good and how long and what to say and do. i am "kudlow", save america, kill the bill, make america great, again and again. ♪ at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs... being first on the scene when every second counts... or teaching biology without a lab.
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larry: the job numbers were good for october for good upward revisions and stockmarkets loved it, we had records across the board, we are holding dow 36 with the benefit of my pals kevin hassett and james glassman. nobody better to tell us about this, jim iuorio services director and one of chicago's leading restaurant. what you make of thesese number? >> you have to look at them with
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a taper talk from earlier in the week as well. the fed came out and said they were sorta concerned about inflation but not that much. just enough to reduce them to 105 billion next month, the fed is not too concerned with inflation and then you look at the labor numbers today, they were solid and good acrossk the board there was one thing that you teach me a little bit labor force participation rate at 61.6%, if you map out the trajectory it should've been pre-pandemic was 63 and a half that is troublesome today. larry: overall, how healthy is the economy, we don't like the policies in washington but we don't know if those policies will ever pass. i am thinking terms profits of the mother's milk of stocks, this kind of jobs number suggest a stronger fourth quarter and therefore better t profits? it does we keep talking about the bill back better agenda, i genuinely thought they were
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going to do the demolition today and continued like they have, the government is working against it, he talked about an entry in the show the talking about closing another pipeline in michigan and they sit back and scratch their head wondering why oil prices have gone so higher. the things that we do our self-inflicted wounds are absolutely maddening. that being said you don't bet against the u.s. economy coming out of this pandemic, it does seem to have pretty decent momentum as evidenced by the numbers b today. >> how does this affect the outlook for interest rates particularly longer-term market rates. >> that is something that surprised me over the last couple of days the flattening in the rates going down that's more a position unwind, i'm not too concerned about it i think at the long end rates are going to go hard, inflation is still here in the five year breakeven which is the highest since the series has been published a couple weeks ago. i think long rates could go higher i still like the stock
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market particularly the russell only because it was left behind over the last h few months and w it's playing catch-up is a wonderful commentary on the domestic situation on the russell rally. larry: you're a commodities guy, what is the outlook, i would think this is bolster. >> it definitely still is there a built-up position like crew that need to be worked on but i think the commodity is going to do well, i like silver every trades about 25 i'll be watching silver. larry: is the best of it best i good day in the market and the economy. stay with "kudlow" my last word in just a moment. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money?
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♪ ♪ be five i refer back to president trump's issue oriented speech last night and i repeat, let's have the courage to make america great again, again. >> from the fox studios in new york city, this is maria bartiromo wall street. maria: happy weekend everyone welcome to the program that analyzes the week that was an helped position of the week for a head. i am maria bartiromo a better than expected jobs report boosting stocks to new heights. coming up the vice chairman of bank of america on what this means for our economic recovery in the market. then, the election that sent a shockwave throughout the country. virginia's republican
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