kudlow: hello folks welcome to kudlow i'm larry kudlow, border catastrophe down

south grows worse by the day with number of illegals coming into the united states is staggering, but or ace reporter edward lawrence at the white house. you are my hero with the fed questions, that you asked on oil. i know you are on to something different today, what is the story? reporter: on immigration, our sources custom and toward protection sources say yesterday 10,000 migrants in one day, passed in eagle pass, texas, by itself. today similar sources similar sites down in eagle pass, texas, you can see migrants comes across the bored, many tell fox's b bill melugin it easier to cross the river, texas governor abbott posted that federal agents cut razor wire which opens the

floodgates, more than 5.9 million have been encountered illegally at southern border since president biden took office. i had to clarify this question today. >> how many people illegally coming into the united states is enough? for president biden -- >> enough for what. reporter: 5.9 million have been coming in illegally. >> enough for what? reporter: just to stop the flood. >> this is a problem that has been around for some time now, decades, if it is a broken system, the president has done everything and will do what he can without help of some republicans in congress to deal withs issue. reporter: white house blaming republicans for not joins democrats on an immigration overhaul, a presidential candidate on republican said, say he would stop the flow. >> this is an invasion, i'm

the one candidate who from day one knows how to stop it, we'll stop it very quickly. reporter: the border czar from this administration, vice president kamala harris has been to the border one time. and larry, she says it takes a long time to deal with those root causes. kudlow: root causes, thank you edward lawrence fabulous reporting. now i'm told that thousands of illegal migrants are crosses the borders and entering u.s. it is an unmitigated c catastrophe lawlessness on a grand scale. this is human trafficking, sex traffics, drug drug trafficking, mexican drug cartels control the border bidens stand by doy nothing, why? because theirs is an open border policy. a soy called human rights

policy. so-called asylum policy. just listen to what democratic congressman greg told hillary vaughn. >> democrats insist that border is closed and secure, what is an open border look like then? >> asylum seekers have a right to seek asylum all overthrow out our history and so, we are working to provide legal, safe and orderly immigration. that is what we're working on unfortunately republicans refuse to fix the system and refused to come up with collusions that allow -- solutions that allow immigrants to migrate in a legal, safe and orderly way and they continue to actually insight these problems by not creating pathways for people to orderly get in line, they refuse to have those programs, that is part of why stuck here today.

>> sure they are. you know why democrats are blaming republicans? because republicans won't agree to the illegal biden policy of unlimited migration. look we have sovereignty laws here, thats democrats are breaking on a daily basis, so far during the biden years at least 6 million illegals have entered the country. that is not including got-aways, encounters or better put apprehensions. of course, the apprehending are released into t the interior of the country never to be seen again by the authority, the policy of catch and release, it should be a policy of catch and deport, ask area adams of new york city oring which mayor brandon johnson in new york border catastrophe now a city ca catastrophe. >> and eric adams is wants

more money, that is not the solution, the solution is close the border. and restore policies during the st trump administration that limited illegal immigration to a trickle. the bidens are out of sight, mayorkas of dhs, out of sight, latest. the work permits proposed by the biden administration, last count, over 470 thousand venezuelans alone have been given work permits, sometimes they seem to be called temporary protected status, but i.c.e., has been turning into baby sitters, not law enforcement. there is no telling how many tens of thousands of illegals are coming over this southern border from the world. not just latin america. but russian speaking migrants from, west africa

and asia and terrorists as well. these migrants are bankrupting towns and cities as well. representative mark green chair of house homeland security committee has chronicled the taxpayer cost from the illegals, opioid epidemic cost over $1.5 trillion. medicaid spending estimated at 7 billion dollars. and then you have the housing costs and education. all that are spiraling, each migrant in new york city could cost city taxpayers 383 dollars per day, mayor adams estimates 12 billion over three years. this is all complete lunacy. former president trump in a speech in dubuque, iowa, has pledged he will carry out the largest domestic deportation operation in american history if elected. now, mr. trump sites thize

isaaizeize. >> eisenhower model. 1.3 million undocumented mexicans illegally and california, arizona and texas, this policy had the tacit approval of mexican government and labor groups and mexican-americans who were worried this uncontrolled immigration made the lives of legal immigrants more difficult. attorney general herbert burnel declared that illegal migrants were, displacing domestic workers affecting work conditions, and spreading disease, and contributing to crime rates. end quote, sound familiar? seems that only difference between then and now is size

of the catastrophe, and things have to be done, it will be major election year issue. as sometimes or something has to affect the economy it is damaging native born workers, i think sensible peopl, like myself, we're for immigration. but, but, it must be legal immigration. that is the truth of the matter. we will visit on this issue several times over the course of the show. we have congressman byron donalds coming. and others. to discuss this problem. but we'll begin now stoke market was down over 300 points today, we'll talk about stocks, bonds and oil and the fed, and yeah maybe

illegal immigration. we'll talk to mr. wonderful kevin o'leary, chairman of o'leary ventures, shark tank investors. kevin, take a whack at this illegal immigration story. you are a residence of many different countries, d but you are a legal residence. what is your take? >> well i try to keep my legal status, right about that. this situation is rather interesting, history is repeating itself, you recall 2016 election border security was a huge partisan issue. and it is happening again. we're watching it, means basically nothing that been fixed since 2016 it will again be a major part of presidential election, the difference now that i think we have to start to talk about besides border security, remember that

building the wall thing, that is coming back. but there is another narrative emerging on immigration, it is broken in other ways, we bring in a lot of highly skilled labor into america. we also train some very high end engineers in all disciplines of engineering, greatest institutions like m.i.t. and other colleges, and then we kick them out of the country. that is bad policy. the canadians took advantage of this last month, now writing visas to everyone getting kicked out after u.s. spent millions of dollars turning then to highly qualified engineers. why are we continuing that? i'm doing one of my visits to dcnext week, i'll be reporting back to you, on my topic list, there is a problem. and small businesses as usual, i will pound the drum for them, i am washing this immigration issue -- watching this i

immigration issue expand. we have to keep the talent is the country. kudlow: i agree 100% that is important. you should lobby for it. i will say this, the trump administration had a pretty good program for immigration reform. included in this program was what you were just talking, about the proposals we had open the door to people, who speak english and had some experience in business for example and certain education. we had those provisions, we couldn't get anywheres with democratic congress, we can revisit that at some point, we all right, let me ask you, we should keep some new talent in the federal reserve. i was very unhappy with j. powell's presentation yesterday. here is why we're

approaching 100 dollar barrel of oil, that is not powell's fault that is the biden administration's fault because of war against fossil fuels and production cuts in the world. oil spikes such as one we are experiencing now can cause inflation for quite some time, powell never made mention of it, our own edward lawrence got to talking withb it and powell said that oil spikes don't contribute to inflation, yes, they do, interest rates will have to go higher, inflation rate will go higher, what is your take? stock market falling on a daily basis, again. >> well, the stock market is reacting to powell's comments that were hawkish. you made reference to it now, now treasury rates are new highs, interest rates are moving up. and stocks are going down, that has been a relationship that has existed for hundreds of years, oil issue

is different it is policy, it is clear, and painfully obvious, that tra transition to green is not happening as fast as people think, we need to deal with a way of this oil price, the market is trying to dodger yes th -- trying to determine, yes there are cuts in saudi, and we need to increase from 12 million barrels a day in american to 18 million. that is over 30% increase, we can do it over next 5 years, that would solve the price of oil, we would be energy independent and secure, i don't know why this can be a bipartisan issue -- can't be a bipartisan issue, everyone knows that oil is not going walker. way. >> are right. there is one candidate calling it liquid gold. it is not going -- we have chronicled, i did it last night and night before, hundreds of items people use

on a daily basis. including doctors and surgeons and consumers. hundreds. they are petroleum derivatives, you can't knock oil out of the economy, you are right we should run to 15 million barrels a day then 18. but, kevin, this will increase the inflation rate. that is not going the way, the price of oil is doing up not down, 10 year bond is 4.5% and rising that is bad for stocks. the fed has to buckle up, i don't know why they are pausing. they will have to stop the oil spike from becoming embedded into the economy as permanent inflation that is my criticism of the fed, be honest with us. >> i expect another 50 basis points, terminal rate to 6%, that will really hurt small businesses and cause the rates for current accounts

in regional banks between 10 to 11% for average family, people forget there is a very powerful affect occurring here to 60% of the economy i've been banging the table on small businesses for a while, regional banks have a horrible situation with the rate increases around commercial real estate portfolios. most of them are office, they a worth less now because no one is in them. the issues will trickle to the top, and back to oil, you can't get just oil solved by barrels, you need refineries to turn it to destillettes, we need sycamore of those, near pipelines, that is -- 6 more of those near pipelines that is north dakota, and west virginia, this is not brain surgery, we have do do this or we'll be in real trouble

in 3 years on the oil issue. kudlow: you are 100% right, kkevin o'leary, i hardly ever disagree with you. kevin hassett said it the other night, i think that stock market is sniffing that out, and it will be a big problem. any ways. thank you for your comments on immigration. on oil, on stocks, i have to think of something, next time you are on we'll delve deeper to society. >> let's talk about watches, watches. we have to have -- west coast time in l.a., network time on other wrist that is the plan. kudlow: a long time ago, a great, man, a fabulous human being peter grace. i don't know if you remember peter, he ran grace and company, i met him in the reagan administration, he was in charge of reforming the budget. he used to wear peter grace was worth a lot of money, in

shipping businesses, we more watches on both hands. that is first time i saw that. >> i'm i do together again, i'm bringing it back to you. >> are the best. >> west coast and east coast. kudlow: the best of the best, kevin o'leary thank you, sir. >> thank you take care. kudlow: coming up 24 billion for ukraine. on top of everything else, is -- what is our mission in ukraine? do we have a plan or diplomacy, i don't know we'll have alabama senator tommy tuberville about that and tuberville 10 and chuck schumer zero, we'll talk about that 2. >> too. >> and fox business will host second republican primary debate at the ronald reagan presidential library in simi valley, california, that is wednesday september 27, 9 p.m. eastern time. i will be broadcasting live

out of simi valley for the regular show at 4 eastern. 1 pacific, i will hosts predebate coverage 8 p.m. eastern, 5 pacific, we have questions about immigration as well as inflation and wages and the economy and foreign policy. this is a great time for a good debate. you don't want to miss any of it i'm kudlow, we will be right back. love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.

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kudlow: all right so the zelenskyy-biden meeting on ukraine just finished, no one knows what is being said, done or what the mission is or if there is diplomacy no one knows a darn thing except it will cost us more money, joining us now alabama senator tommy tuberville. permit me, to jump in, you -- i'm saying tuberville 10-smschumer zero, you forced him to vote to some top military officers, take a victory lap. schumer did what he said he would not do, that say tuberville win, i give it to

auburn. >> well we called his bluff, we signed a petition, minority can do one thing to get a vote on floor get 16 signatures from f fellow senators, schumer said he would do it, me would not want to look bad, he still knows how to do this. we got something done, but i still will hold my holes until they change the policy back and take it away and put it in pentagon. kudlow: policy, as i understand, unlimited funding for abortion, and no congressional legislation passed to that affect. tell me i'm wrong that is how i understand it. >> that is right, this was al al-- ledge legislative win for all of congress, telling joe biden and secretary of defense,

you can't play policy, you cannot be a dictator, send it to congress, let us pass it the way we're supposed to do it, like in 1984 when joe biden was in senate, do it for american people give them a voice. kudlow: yes, sir, well done. through a couple things. ghiszelenskyy b met with biden. nobody knows. polish president said he is not giving any more weapons to the ukraine. a lot of corruption in the ukraine, president zelenskyy had to fire a lot of his top people, what do you make of this? senator tuberville? who is running the diplomacy here to make some kind of a peace deal? that is what i want to know. >> and who has a plan, we

don't have blaine plan whether we win or lose, it has been a grab bag of doing things, president zelenskyy, real president the united states talking with joe biden, zelenskyy is running the show and has been for a year and a half, i hope that biden understands that people are looking, saying who is running the show here. at least zelenskyy is fighting, i have not voted for a indictment to go to ukraine, because they can't win this, okay, they are getting their people killed, they need -- diplomacy needs to be somewhere, go stop this mess, we have a war down at southern border and joe biden doesn't realize that. we're getting overrun just like europe did 10 years ago, now they are suffering the consequences, larry we're in terrible shape if we don't wake up this administration does not wake up we'll be in tough shape in the next few years. kudlow: moving toward 100

dollars a barrel of oil, that is so unnecessary, joe biden has now stopped drilling in alaska, stopped drilling in new mexico. stopped drilling in most of the gulf of mexico. and inflation is going up, not down. the fed is not really honest, because as we just had with kevin o'leary, the fed's target rate has to go up a lot more, to stop the energy inflation. here is another example of policy you know progressive policy whatever. that is backfired and people are furious because the real value of their wages are going down not up. >> well, you can't -- we have talked about this you can't run a country without fossil fuels, it is impossible. these clowns are trying to force it on american people, buying foreign oil, when we have more oil here, now they are going to gulf of mexico say we'll stop more leases there, because there is a

rice well to protect, one damn rice well seen in last00 years in gulf of mexico, these people have lost their mind, they are looking for everything, and hiring more epa agents 25 thousand this year, they are regu regulating everything they can and turning off. this is a clown show up here with fossil fuel. kudlow: i call is sheer insanity. sheer insanity. and you know, every person, i just spoke with a group last night, everyone knows that there is no common sense going on in this administration. just ordinary common sense. you know what i mean? everyone knows, you can't run this economy without oil and gas. stop figuring that you can. a hundred dollars barrel, who knows how high it will go or how high inflation will go and how low real wages will sink, sheer in

insanity. senator tuberville. >> thank you, larry. kudlow: lawlessness on a grand scale, we have congressman byron donalds he will weigh in and can donald trump get the union vote for 2024, he is trueing hard, we'll ask joe concha and monica crowley when kudlow returns. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with low fixed rates and borrow up to $100k. go to sofi.com to view your rate.

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iowa. saying he will carry out largest domestic deportation operation in american history if elected. what makes it more interesting historically he citing president iz eisenhower. they had operation wet back, you could not get away with with that name today, but the same thing, talked about lawlessness and talked about the fact that natives, legal immigrants were in favor of deports will illegal immigrants in the 1950s, seems that the story is pretty much the same today, what do you think about this disaster at the border? >> first, president trump is right. we are going to have to deal with this. and only legitimate way is you have to send people home, what joe biden has

done at so border is an abject disaster in my view it is -- our asee asylum laws were never designed for what joe biden has done, they never contemplated a president of united states would given a court date knowing that 5% of the people actually show up to the hearing. i think we are going to have to come to grips with this, i will add, not a republican issue any more, democrats in new york, chicago and other cities realizing the disastrous policy of being a sanctuary city or a sanctuary state, when you have just open immigration with no checks no boundaries. kudlow: you know, congressman on that our hillary vaughn reporter, was interviewing a bunch of democratic house members. and they all blame republicans. they say that problem is the

republicans. and to me, what? republicans will not sanction illegal immigration, they want legal immigration, what is that blame republican malarkey. >> that assault t they -- that is all they can do, democrats are good at blaming everyone for something instead of looking at their own stupid policies, everyone sees it their own voters see it, they are fed up, the mayers mayors of blue cities see it, they won't call a spade a spade and call out joe biden, at the end of the day we have to close our southern border, and last piece we have to send people home, if democrats don't understand, that they will hurt the very people they say, they are advocating for in major cities in america.

kudlow: byron. one more thing, my heart is all aflutter at the rumors that you are running for governor of florida. my heart is aflutter. i just thought i would ask you about it you know, this is just could be a fabulous thing. what are you thinking? >> honestly, larry, too soon to tell, people ask me about it at home throughout the state. they come up to me, they want to know what i'm doing next could right now i'm doing my job, am i thinking about it? of course, i think about things like, that anyone would that snowstormal. but there is no -- t that is normal, but we have to figure out funding and g getting our border under control i'm focused on that and 20 t 24 elections. kudlow: my heart is t

still aflutter, byron donalding s thank you. >> thank you. kudlow: all right, my heart is also aflutter we have on set monica crowley, and host of the monica crowley podcast and more fluttering joe concha at messenger and fox news ex contributor, author of t the book. "come on man." monica i want to switch gears, i think byron donalds would make a hell of a good governor. >> superb. kudlow: donald trump seeking union votes, center around the uaw in particular, meeting with some of the rank and file next week, can he make end roads with the union vote in your judgment.

>> what me is doing next week is a political master stroke, he is going to heartland the center of the auto industry, he is giving a speech in detroit and he will take his message about forgotten men and women, then you know the promises to the forgotten men and women, he delivered on them over 4 years. you helped to do, that you are so critical to, that tax cuts regulator relief, fairer trade deals, unleashing our energy sector, he will go back now, while on strike, he will talk with 13 thousand striking auto workers next week and say, i'm still the same blue collar billionaire who delivered for you, 4 years. kudlow: i love that. >> and delivered the blue collar boom. kudlow: like that. joe. because yes, he became a

billionaire and he was born in to money. but trump queens, he was -- from queens he was in the construction yards all of the time as a young man, and early middle age, he was a builder, a construction guy, he got his finger nails dirty, that is why i think you get away with that b billionaire blue collar. the uaw strike is very pivotal. >> didn't ronald reagan, before my time, about into hharlem before an election, mem people said are i crazy, no this is important. the swing states will decide next election, democrats are party of elites, they used to be about the working man and woman, martha vineyard, kamala harris, had a grassroots fund raising event in one of the richest

zip codes in the country, they are now disconnected from the folks where they need votes, the bottom line people feel inflation. they feel wages not keeping up with inflation and they feel the crime in their communities and their children are not getting educated and you talked about immigration, and what it is doing to major democratic cities, democrats seem be on wrong side of almost every issue. that is why you see donald trump in the polls with wind at his back and joe biden fading. kudlow: not surprised, liberal media turning again biden you wrote a column. that would -- the post. how about the "new york times"? when does maureen turn against biden. >> she did. kudlow: in a way she has. >> she dyou ddid, you have a 7th grand child. kudlow: monica knows that. >> joe's column in messenger

is fantastic on this issue, i have been saying for months, that the moment la that lefty power broker determine that joe biden has out lived his usefulness they will be gone. kudlow: but then what do they do. >> the problem -- >> don't they have legal dates coming up. >> yes, you may have to if you want to go through primary process, you may have to hit the date by december 23, is the drop dead date to appear on primary ballots, however you could -- >> drop dead? >> the that is the date, the other thing that is more difficult but doable is at convention, they could draft a reluctant candidate like say michelle obama at last minute in august, much more difficult but not impossible. kudlow: martha vineyard has gone for kamala for president. >> that does not have a lot

of electoral votes. >> i'm speculating. >> david said -- >> i knew joe scarborough when he was a conservative republican congressman. >> i used to go on his show in 2003. kudlow: me too. >> me too. kudlow: we did. >> continue. >> bill crystal, as a republican now, just anti-trumper who plays on twitter all all day, they see the poll, one poll is key, new reuters poll 7 swing states donald trump wins by average of 6 points, we are 400 days away but you will see a landslide if that holds, down see how they shore up support, joe biden is not like wine, he does not get better with age. the plan of kamala harris is a plan z. >> they could pull it off in

2020 because of covid, but we have seen the cognitive decline it gets worse never better, they feel they can't pull off the same crisis plan next year as they did 4 years ago. >> are right, we should worry 'dop dead dates, his policies are declining as well. catastrophe at border, and back to 100 oil, these things, there is a catastrophe, we have to go. jobe concha and monica crowley and no one here has a house in martha's vineyard, on kudlow, president trump is borrowing from eisenhower years to fix the border crisis, we'll talk about it with former dhs secretary chad wolf when kudlow returns, kudlow is is available as a podcast on sspotify and apple and

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eisenhower model to fix border catastrophe, we talk about that is my pal chad wolf. former secretary of department of homeland security and director of america first policy institute. chad, they are handing out the work permits, the temporary protected status stuff. this is all ap amnesty, they should call them amnesty cards that is the biden policy, an open border amnesty, we'll never see these illegals again and we're happy with that. >> i think you are right. on work authorization, they are handing that out like candy of the month. and they are encourages and sending dhs officers to get the migrants to apply for work authorization. that is one i think important piece. i think as you look at everything that is going on here, biden administration

clear they are not trying to solve the issue but manage a crisis that spun out of control, it is a national embarrassment, they are so far over their head they don't know what to do. they are throwing out random ideas like tps and redesignated ven v venezuelans for tps status, everything they have tried is a failure and the numbers rise. kudlow: with that we have a lot of reports, not just people from central and latin america. it is you know reports of russian speaking people, people from africa, asia, they are coming from everywhere. you know this could be very damaging, i don't know whether they are terrorists or not, but does not strike me as being in america's interest. >> no, that is right.

170 different nationalities encountered on the southern border, you go back 10 or 20 year its was mainly those from mexico or central america. the vast majority are from outside of mexico and central america, south america, but also other parts of the world. because they know what everyone else knows that is the southern border is wide open, if you want to come to united states illegally or turn yourself over to border patrol, odds are, you are remain here in united states and so that is what we're seeing in new york city and elsewhere, they are coming by thousands every day, the numbers over last couple st24 to 48 hours are astronomically high, the system is beyond repair, biden administration knows what they're doing, there are solutions that could fix it, they are unwilling to take. >> former president trump and -- in iowa giving a

speech, about deporting illegals, citing the eisenhower model, they deported 1.3 million mexicans and they had support from labor unions and mexican-americans s the eisenhower model in play? >> well i think it is -- you have to put deportation back on the menu. the biden administration is basically stopped all deportations and removals, very small percentage of overall flow, there is 3-proapronged approach, stop folks from coming in hold them account able. for those who cross illegally, you have to assign a consequence to that and prosecute them and for those who make it in they are still here illegally no legal right to remain, you have to remove them, you have to allow i.c.e., law enforcement officers to do their job, biden administration has put a stop to that. kudlow: chad wolf, thank you, we'll talk more about

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