♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall. hello folks. welcome. house speaker kevin mccarthy has declared an impeachment inquiry

on the biden family culture of corruption. i thought i would make a little list may be to assist the house efforts. we do have oversight chairman james comber who will be here in just a second. he has been designated the elite on the show in just a few moments. maybe he will give some thought to the list. he's got the big list. i could talk more about rising prices and falling family incomes. this is all the failure of joe bidenomics. we will have more on that later in the show. looking at aaa national gasoline $0.3086. more on the oil markets $93 a barrel.

this is killing middle-class working families. it is killing middle income people. it is reducing wages. refined petroleum products permeate the entire economy. it affects hundreds of prices. joe biden's war on fossil fuels has cut production, jacked up the prices of almost everything right into the hands that includes all of the funds like iran, venezuela, russia. that whole story is sheer. having said all of that about the failure of bidenomics, going back to my small contribution to the commerce investigation, the biden parts of corruption. according to reports, family members received money from places like china, russia, ukraine, romania, cuyahoga six don. half the money -- 10% of various

deals were given to the big guy. at least 20 calls to various hunter biden clients and colleagues in the oval office. that, according. senior whistleblowers testified to examples of political malfeasance by the justice department and the fbi in their various tax investigations. by the way, getting vested on three counts of felony gun charges. meanwhile, the whistleblowers also introduced a whatsapp message where son hunter threw a temper tantrum at his investors in order to pay off a multimillion dollar settlement.

papa joe sitting up close next to him. reporting the ceo of ukraine and buried small was extorted to the 5 million for the sun. a bribery scheme to get rid of the ukrainian prosecutor. there is an audiotape floating around that allegedly proves this. the fbi into knows who else is either blocking it dropping it into the river appeared who knows it. losing his job because of an intervention even though the u.s. state department and the european counterparts were all signed off on ukraine's reforms. meanwhile testifying that the biden family brand was influence peddling. it seems to me influence

peddling is a very big thing. side-by-side with bribery in the culture of corruption. of course, papa joe lied to the public for years and denying knowledge of his sons business deals. it really is the lowest hanging fruit in this story. again, just a small contribution with the biden impeachment inquiry. many of these charges are allegations. many have been sexually proven. bidenomics is not an allegation. charges of bribery, extortion, influence on the justice system and the corruption in the justice department and the fbi, those are far greater crimes against american democracy and far worse than the breakdown of bidenomics.

now, let's bring in a truly important player with a truly important inquiry list. as always, chairman, we appreciate your time. you have always been very kind to the show. we are grateful for it. i don't know if you heard my little list. i kind of walked through as many things as i can walk through. i just want to say, i am reading a very good story in the washington times this morning. you will start quickly now in this inquiry. you are going to be going after more and more bank accounts. this is one of your original triumphs. can you tell us more about the bank accounts. what authority you have or may not have. >> i think we have laid out the

case. everything you said is 100% accurate. it was not known prior to us watching this investigation in january. speaker mccarthy granted impeachment inquiry. a very important tool in the toolbox. this will help the judge to have to rule quickly. trumps executive privilege if the biden's try to say that anything that we were trying to get they could not have because of executive privilege. it allows us to get things like the grand jury testimony. when jerry nadler was leaving against donald trump they requested information and said they could not handed over because it was grand jury

testimony and the judge ruled because of the impeachment testimony they could then have a appeared this is a tool that we needed to move forward. we are going next after two things. paying bank accounts where we show from countries like china, romania, russia, ukraine, they end up in nine different personal bank accounts. we want to see if there are any arrows beyond that for things of value to joe biden. the other thing that we want to use impeachment inquiry is to force them to turn over. we have requested all the e-mails that were in the pseudonyms. 5400 of those. we know one of which pertain to ukrainian policy. these are things that we need and i believe with this new impeachment inquiry designation we will be able to get them much quicker. >> something we were disputing yesterday.

the declaration of an impeachment inquiry does in fact give you enhanced subpoena and other powers. is that correct, sir? >> that is 100% correct, yes. >> i don't know why they are bringing memory and does written a few years ago. you are just saying no, no, no. we will have this new authority. the other thing i want to ask is , do you need to bring, let's take the biden family. nine members of the family, hunter, his father's brother, all of these others. , in order to get their bank accounts or financial record, do you need to subpoena them to appear before the committee under oath? how will that work? >> we believe we can just subpoena the bank records. subpoena banks for that. so, it is unclear who the direct subpoena would be with. we are still evaluating that.

more than likely, to the bank for the bank records. we anticipate the big expensive legal team that the biden has had which no one says who is paying for their very expensive legal fees will fight us in court with their original strategy would be too tied up in court forever and run the clock out. but with this new impeachment inquiry designation, it will force the judge to have to move much quicker than a normal ordinary case. >> i remember you uncovered the suspicious bank accounts and the treasury department. that was in some sense, you know , the first major breakthrough. are you going to do more of that chairman, i want to ask you, in conjunction with the specific bank accounts, a lot of the banks, private commercial banks, they themselves have filed suspicious accounts. are they helping you?

are they obstructing you? it sounds like they would be happy to unburden themselves and show all this stuff to you. >> the banks have been very helpful with the shell companies now we are getting to the biden bank accounts. we suspect they have already warned the banks against handing anything over. a judgment on the banks. thus far they have been very cooperative. they have turned over after they were subpoenaed the information that we requested. >> is it necessary, do you plan to call hunter biden to subpoena james biden or the subpoena? i think everyone is interested in whether you subpoena hunter biden. he got indicted today.

>> well, a lot of questions. they are criticizing. i want to look at his bank record. that is what we said with this investigation. once we get his personal bank record, then i would like to ask hunter biden questions about various transactions. without the bank records, i do not know hunter biden personally , but the investigation back then and looking at his laptop, i would not believe the damn thing he said. we want to have the evidence in front of us in the form of the bank statements. the bank statements are the next step and then we will file what leads us to hunter biden. >> i am not a lawyer, but i think follow the money is the absolute right strategy. following the money does not lie following the money is hard as evidence. you have been on that from day one. i think that that has been the

success. if you stay on that, i think it will be fabulous. you and jim jordan i think, speaking to the senate republican conference. again in the washington times piece, kevin kramer said you actually had great support. people were offering positive suggestions. so, it sounds to me like the republican private is a united party behind this impeachment inquiry that you are leading. >> 100%. the media is trying to create a narrative that there is opposition. i have not had anyone come up to me and expressed doubt about the need for impeachment inquiry. we presented to all the republican senators yesterday and we probably took questions from at least 20 centimeters. not a single senator that spoke said anything negative and they were all very positive, very encouraging. they had good questions. they encouraged us to continue down the path we are to be

mature, to be accurate. to produce evidence. to be transparent and that is what we are doing and that is what we will continue to do. >> yes, sir. all of the money. i just think you are dead on right yet thank you for your time. i know you're busy. we appreciate it very, very much here. all right, folks. coming up on kudlow. president joe biden just said, you've got to get this, we calmed down a great crisis. we will talk about it with david when we return. plus, don't forget foxbusiness will be hosting a second republican primary debate at the presidential library in simi valley california. that will be on wednesday september 27 at 9:00 p.m. eastern. the show crew will be out there. we will be live. we will do a show. we will do a pre-debate show. we will do it all. we will follow the money also.

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we've climbed out of our great economic crisis. made this nation be very rich. benefiting the most.

that is how it should be. >> i don't know what he is talking about. benefiting the rich. climbing out. what are we climbing out from? a roaring economy with no inflation on a silver platter. joining me to talk about this, 350 points. author of there is no free lunch and tony. the heritage foundation. welcome. where did we climb out of? a six and a half% growth rate in the six quarter of 2021. half of the undead flourish inflation rate.

maybe the wrong direction. >> your guess is as good as mine who is benefiting. it's amazing how this president who says he has for the little guy that he does not want to raise taxes. it is about building from the middle. >> exactly. the lowest two income quartiles have been doing terrible. falling them with this president >> are you going to add to that? i think bidenomics is a failure. here is my point. you can look at a million pieces of data or you can look at something like gdp. something that does not really affect ordinary people. what is killing him in the polls and the economy is the

affordability? affordability continues. you are working higher-order. people can exclude that from these indexes. >> i used to say that it was better than the party would. it's been 93% for 100 years. i think that that is the biggest factor. prices were higher in wages were higher than that, it would not matter as much. they were going up in the entire administration. i think the biggest issue to me is sometimes that circumstance, that timing, geopolitical. energy is up problem and a half. you could have done something about it. he could have done the opposite.

it does not hurt people like you that much. 97% growth rate. one and a half% inflation rate. it was about $2.30. that is the stuff that people use. food prices commensurately low. food is very much related to energy. because of fertilizers. we've learned that the hard way. the stock market, today you have higher than expected ppi. softer than expected retail sales. yesterday you at higher than expected cpi. what does all of that mean in your judgment? >> i think inflation is showing the economy is nowhere near as

good as the high numbers are indicated. adjusting for prices. things are not looking that good at all. i think it is a pregame example of that. it is a replicon things look great. you will find that the inventories are only nominal terms. in real terms at the same level of august of last year. the same level of october 2019. things are not by any means doing well. >> david, come back on the stock market. very bad last year. recovering this year. a little jumpy. i am told ipo for chipmaker driving stocks up over 300 points. what is your assessment about the stock market? >> i think the smp which is tech heavy, seven companies driving the returns, the nasdaq, very flat. high valuation.

hard to see high valuations move higher. earnings growth may be flat year-over-year. it will not be up much. in fairness not as much as many had predicted. year-over-year down for 5%. that is not recessionary. however, companies have got better margins are good the dow is a better diversified look at the whole economy and corporate profits. larry: are multiple too expensive? >> yes. >> the smp and really high with big tech. when you look at consumer staples, utilities, companies that i like, they are not so expensive. about your point, inheriting this economy. really, joe biden said something fascinating a number of months ago. since covid began real income is higher. he took office one year later. why would a politician ever pick a gate that has nothing to do

with their term in office. it is true. real wages are higher since 2019 he was not president for two of those four. >> actually, though, we just saw the latest income numbers, real incomes for median families about $4000 lower than the pre- pandemic pre-funded trump. >> that's right. the corporate tax cuts. we always argue that middle income people in lower income people would be the biggest beneficiaries of the corporate tax cuts. more profitable companies after-tax will have more money for wages and more money and all the dopes on the left don't understand that because they hate prophets. and they hate corporations anyway and they hate capitalism. kevin hassett argued there would be a $4000 increase in real incomes. that is exactly what happened with the latest census report.

today, with the latest numbers, biden is down 4000 bucks from pre-pandemic. it is not a good show. i want to ask you, ej, in terms of the economy itself, what is the direction. we are floating in this middleground. the boom has not come. what is your take on that? >> i think we will continue to have this stagnation for a while there is a recipe for stagflation. as soon as that starts to normalize, that is a big indicator for not just the recession coming, but it is coming very soon. the inverted yield curve, yes it is a good indicator, but as soon as it starts to normalize, that is when we know it's right around the corner. >> bidenomics up and down. >> tomorrow. a year from now. >> i'm sad to say.

>> bond yields will be lower. inflation is coming down. growth is coming down. because the market knows 10 years out we are not getting 4% real gdp growth. we will be lucky to get 2% because we have spent ourselves -- >> deregulate. >> we don't have the ticket. >> liquid gold. biden's new regulations. extending the corporate tax cuts sorry retiring joe biden. thank you. thank you appeared thank you appeared. [laughter] coming up. liz peek. she says president biden could destroy on the street. thanks to the ev.

a big issue tonight at midnight there will be a uaw strike. all three. that could be selected. i am not sure what the details will be. meanwhile the uaw because biden ev appeared list equal walk-through with joe concha. follow the money. special counsel jack smith, special funded jack smith, he just got his first legal defeat and his witchhunt of former president donald trump. we will talk about that all when kudlow comes back.bigg follow the money. follow the money. rude. who are you? i'm an investor in a fund that helps advance innovative

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fox news. get this. joe biden misguided electric vehicles could destroy our auto industry. joining us now to talk about that in much more, liz peek and joe concha. politics, at the messenger and fox news contributor appeared it was a good book. >> you love the title. >> i love the title. it goes on from there and it is an awfully good book. i will keep pushing it out there liz, what will it do to our car business? >> joe biden in a very difficult situation here. uaw making demands that are basically unacceptable to the auto industry. 40% rate hikes. they are very far apart. they may strike tonight. the problem i see, first of all,

joe biden pushing these companies for cars that nobody wants. electric vehicles are still not popular. they are too expensive. all of the inconvenience of inadequate charging. we will basically come up with this uaw movement, we will raise the cost structure of other companies at the same time they are making more cars unprofitable. meanwhile, in china, they now have the biggest ev producer in the world. the number one coal producer making ev. they are now flooding into gear appeared there cars are priced on less than half of our spirit. larry: do you have one? are they any good? >> tesla are great cars. joe biden hates tesla's. nonunion labels. i think this is something people really have to be looking at. our auto industry is a very big

part of gdp. it employs hundreds of thousands of workers. i think that this is really damaging to the industry. >> the way that i look at it, politically, the uaw strike tonight, it looks like they will go after selected factories. although, i do not have everything up today. you know what, that is not just a strike against the big three car companies, it is a strike against joe biden and his climate policy. that is the way that i see appeared a poke in the eye and a strike against joe biden crazy climate bust. >> always asking this question over and over again. in a common sense of logic -based society, how do you charge 280 million cardholders in this country. in urban environments, for example, how am i charging my car exactly in new york or san francisco? no one can answer that question.

everything is symbolism and let's go to electric cars by 2030. nobody has the ability to charge these things particularly in closed environments. you are right about joe biden from a political perspective. the states they come down to. namely the midwest. michigan. trump wanted in 2016, biden wanted in 2020. this ends up going on for a while. he could alienate the types of workers he needs to go up across the top. 46% rate hike. they want the work week to be reduced the same time? nobody can agree to the spirit. >> a defined benefit program. >> they want to protect their workforce. they know, a tough guy, a militant guy dead or alive. if joe biden gets his way and more gas powered cars in the next 10 years, it will

obliterate the united auto workers. >> for sure. kevin hassett was on the show last week. smart fellow, obviously. four-5000 jobs. for-500,000 jobs. because ev requiring roughly 40% of the work hours of a gas powered car. on the one hand, you cannot blame the uaw for everything here. they are looking at the future. joe biden's climate future is devastating to them. >> a net loss of jobs. there will be an increase in the clouds. making the batteries and states that don't require. batteries coming in from china.

the reality is, all the people of the joint ventures. they don't need to hire a union label. they have been angry since joe biden pushed up the deadline. and to the rightful envy. it is really undermining the future. i don't care about the future of the union. a competitive auto industry. >> i don't care about that. >> supposed to be the most pro union. what happened? >> obviously, that is not happening. the average cost for an electric vehicle. you see the numbers on how two thirds of american families cannot afford an emergency of $500 or more. so where is $55,000 coming from to buy a car that no one can

afford and the voting blocks that biden needs most particularly in the midwest? larry: you two are perfect. joining us now pennsylvania congressman scott perry. a number of the house oversight committees. scott, thank you for coming on as you deal. you know, i remember you came on the show, a year ago, about your cell phone. they were taking your cell phone away. i could not figure out what gave them the authority to do that. now, if i understand it, i am reading an article. one of them in the new york sun. the court has ruled in your favor, an appeals court or something, someone has ruled in your favor that the government has no business taking the information from your phone. i don't know if that is true. we need you to explain it. it sounds like you had a big win it sounds like special counsel

jack smith may have a big loss regarding trauma. you have the most famous cell phone and all of america. >> well, larry, thank you. a tremendous victory for the prosecution and all americans. targeted by this outrageous biden, you know, the abuse of power of the biden administration through the department of justice. in the constitution article one, it says that members of congress , conversations with our colleagues and constituents protected by false speech and debates of the executive branch, all three remember, the last three cannot coerce this. the things we say our opinions against us. you know, they wanted to look at all of that stuff and we said, well, hold on a second tier appeared we cannot have the executive branch coercing our conversations and punishing us

for disagreeing with them which is what they are doing to conservatives and the last president. punishing them for disagreeing. we said there are clauses in the constitution saying you cannot do that. the judge in washington, d.c. said i don't recognize that clause. the circuit court essentially said the clause exists for a reason and you must follow the law. we will see where this goes from here, but the point is, it makes you fight it out. it makes you pay all of this money in attorney fees and in the meantime your reputation is being destroyed. also part and parcel to what the left uses, the department of justice for when they intimidate people and destroyed their reputation to try to drive them out of the public conversation he had that is completely unacceptable. what does it do to a member of congress that is affected. what do you think they will do to larry kudlow or john smith on

the street? the sky is the limit. larry: protecting you with the legislative authority. they cannot take all your information, all your paperwork, they can't strip the phone down. some people say it does, but i'm not sure because i'm not a lawyer, does this carry over to the president, to donald trump, that take care clause may come into play here. protecting executive immunity. you have legislative immunity. executive immunity. as i understood, scott, just quickly, president trump exercising his first amendment rights of free speech. free speech. they cannot bust him for free speech. he has an opinion. he may be right or wrong. he cannot be busted for that opinion in this free country.

does he have in executive protection also? does your victory mean he may be closer to a victory on a similar point? >> larry, i am not an attorney either. i know these abuses will continue. the president needs to be able to talk to the people that work around him and received information. essentially have a conversation with him. if there is always a threat, somehow they will be prosecuted by this, you know, abuse of power source in the doj. people will not work for the president and the president will not be able to get honest advice from his advisers or the people he talks to. they will not be willing to have a candid conversation which is why there is presidentially protected speech. he has to be able to have candid conversations enough people have their opinions. and not that be a criminal offense to the left and the

democrats to make it a criminal offense when you do it, but when they do it, it is free speech. it has to be free speech for everybody. not just the abuse of power of the democrats. we can all have opinions. some might be right and so might be wrong, but that is the beauty of america and the first amendment v-neck some people like the red sox, some people like the yankees. you don't go to jail if you pick the wrong team. jack smith is trying to bust president trump. mostly for stuff trump said while he was still president. that is the whole january 6 thing. they are trying to do that. trump made statements, he has advisors, he has counselors and lawyers. he can't do that. he was the president. >> president or not, he is an american citizen. we are allowed to express our thoughts and opinions. we are allowed to do that. >> you are right.

scott perry, you are so smart. one of the reasons i love you so much as you are not a lawyer. thanks for coming down. >> thank you. >> most famous cell phone in america. coming up next. mr. david weiss. another special prosecutor has now as of today indicted hunter biden on three federal gun charges. my question is, is that it? that's a whole 9 yards? i am not so sure. asking smart lawyer will sharp. a former assistant u.s. attorney stay right here. that's it. that's the whole thing. twenty-five years in jail.burg ♪ on top of the worlddddd!!! before advil.

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and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. larry: it is fast breaking. david weiss today slapped hunter biden with an indictment, three gun charges. it is not going to be in it or what? joining us to talk about it now is missouri attorney general and former assistant u.s. attorney. well, welcome back. i just think that the guy is a tool of the justice department and the white house. but whatever. maybe i am wrong and if i am, i

apologize. weiss did say a couple of weeks ago that by september 29, he would announce indictments of hunter biden. and, so, today, september 14, i think, so three gun charges which people tell me is 25 years what is your take on these gun charges? can this be it? what about all the fun money stuff in the taxation stuff? will sharp? >> that is exactly the right question to be asking. the gun charges are the tip of the iceberg. hunter has admitted he is guilty of these charges. these should have been brought up. instead what we saw from weiss and his team was his attempt to structure a deal in delaware federal court that would have resulted in hunter having unity from any other prosecution in return for slaps on the wrist. i know america is worried.

what we have seen today is more of the same. a willingness to indict him on a couple of gun charges. letting hunter and the rest of the biden family walk on very serious charges related to foreign influence peddling. tax evasion, foreign agent registry violations. to me, that is the meat of this case. we have not heard a peep from the special counsel's office on that yet. >> as a nonlawyer, low, the following registration steps opens up the whole panoply of discussions and conversations on influence peddling and all the llcs and how that money was distributed to a grandchild and how, you know, allegedly, half of it went to papa joe. that is the meat and potatoes of this. the gun charge, i'm glad they've done something. well, what about a jury trial? why not open this up to a jury

trial and put hunter biden on the stand under oath? >> i'm scared they will try to structure another sweetheart deal for this guy. what they tried to deal last time around was immunized hunter and thereby immunize the entire biden family from exactly what you are talking about. for millions of dollars flowing in from china. that is what they were trying to do. unless we see more charges soon, i am scared they will let the entire biden family off claiming there is nothing to see here. i just hope that people go on their way. i share your concerns about this we appreciate your commentary. as always. i will take a quick break. i will come back with my last word. ♪

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