last 20 years was anomaly. a whole universe of adult investors spent from adolescence to their adulthood never experienced that. cheryl: we have inflation, inflation is the story. we'll have a presidential debate to talk about it. ed cofrances co, thank you. before we go, president biden talking about the government shut down, saying a small group of extreme house republicans were limiting to deal. we should stop electing them. we're watching president biden. he is right now speaking at the white house. this is live. that is it for me. "kudlow" is taking on it from here, guys. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right, liberal mainstream media is trying to pretty up the new "abc/washington post" poll by saying it is an outlyer, doesn't track with other polls. some internals are problematic

and we shouldn't believe all of this stuff but no matter how much lipstick you try to put on this polling pig the is "the washington post" abc poll showing former president donald trump with a 10 point, 52-42 lead over president bite is a blockbuster. it is a game-changer and it is a wakeup call. all right? by the way these new numbers are actually consistent with the abc wapo polling trend all year showing a steady trump ruse. in may that poll showed trump plus six. in february it showed him plus three. here in september is shows him plus 10. i also know that polls are not votes, of course i get that but they are tracking snapshot of voter sentiment which is clearly swinging in mr. trump's way. i also know that inside the wapo

abc poll joe biden's approval and disapproval on the border is, get this, 23% approve, 63% disapprove. also internally on the economy biden's 30% approval and 64% disapproval and biden's overall approval is 37% and his disapproval is 63%. now, here's a yes, -- a questio, what is going to change for joe biden? his border policy is a complete disaster. is he going to change it? i don't think so. rising gasoline and food prices are burying middle class. their wages go up, inflation goes up more. working harder, buying less. can't afford new homes and cars, they're working but many families have to hold two or more jobs to make ends meet. will this change? i don't think so.

rising crime rates in the blue state cities, along with homelessness, by the way what to do with all the illegal migrants, is that going to change? i don't think so. joe biden's age issue, is that going to change? don't think so. now you take a look at two american flag encounters, one from the current president and one from the former president. here it is. all right. there is mr. biden bumping into a flagpole which is not a a good message. there is mr. trump hugging the american flag. that is a very good message. as andrew kamen writes in the a mack news line, very unlikely that donald trump goes lower or that joe biden's going to go higher. you have to go what will change in the political fortunes? the answer is, biden will get worse and trump's going to get

better. and that thought is not on outlyer. so much for polling, very important stuff. now first up, we'll preview wednesday night is the second republican presidential debate and one of the stars of the first debate joins us now, somebody who will be at the center of the stage, our friend, vivek ramaswamy, 2024 candidate, cofounder of strive asset management, author of nations of victims. might add a great entrepreneur in the biotech space. vivek, welcome back to the show. i want to switch gears away from polls, okay? i want to leave polls alone for a minute unless you're dying to talk about polls. i want to ask you about a couple things. i know you have a new budget plan or budget thoughts, i will get to that too. vivek, headlines, besides the abc poll, headlines at the southern border and the absolute catastrophe going on down there,

with numbers virtually beyond belief. i want to get your thoughts on that because i think in this debate wednesday night, you and your colleagues and other candidates will be asked for specifics how to handle the border and how to replace joe biden's catastrophic failure? >> so look i think biden has been a national disaster. a border crisis of historic proportions we haven't seen, triple whammy of rising prices, rising interest rates, flat-lining wages we haven't seen since the carter era. corruption at doj at the highest ranks. no doubt, larry, biden is that natural disaster. i'm a little bit of a contrarian, i don't think we'll win the election by talking about joe biden's failures, we'll have to talk about our own vision what we'll do to revive this country, how we will shut down the administrative state. how we will rescind a majority of those unconstitutional federal regulations that act like a wet blanket on the u.s.

economy, moving our military to seal that southern border rather than just complaining about it. clearly declaring independence from china. making sure we're not dependent on our enemy for our modern way of life. that is what will win us this election, not just criticizing the radical left. i think we have done a lot of. that is why the red wave in 2022 never came. we have to stand for a vision of our own. i think that is different for me than interestticsal partisan politicians i'm leading us to run to something, i am hopeful that will lead us to success. larry: i love constructive proposals, spent better part of my career on that point but, vivek, i do want to ask on the border you mentioned the military, two items come to mind, the failure of the mexican military. trump persuaded "amlo" to put 20,000 troops on the border to help us with the remain in

mexico policy. i don't know where you stand on that but that's one point i want to ask you and the second point is a matter of deportation. mr. trump just spoke in iowa last week and he mentioned going back to the 1950s, show called eisenhower plan which deported over a million illegal immigrants at the time. in your judgment, vivek, besides remain in mexico, should there be a deportation policy? >> the answer to that is yes and i talked about eisenhower quite a bit on the campaign trail. if we're a nation founded on the rule of law we have to stand for the rule of law and we can't look our kids in the eye you you have to follow the law if the government itself does not follow the law either. the only answer, larry, in humane, respectful of a manner, depot the family unit to country of origin if they're here illegally. i will never break apart families. i'm a pro-family person.

you have to take them to the country of origin. i support remain in mexico policy, i support finishing the wall. i would further than trump did on those measures, larry, i think we have a legitimate, ethically, morally justifiable use case for the u.s. military to seal that southern border. right now the cartels financed tunnels underneath that wall. the wall was a good start. it was not enough. it is perfectly appropriate to use our own military to secure our own border against an invasion of both drugs and illegal armed gunmen at our own southern border and that is how i will lead as commander in chief. larry: that is an interesting point you make here, and an important point. some people vivek, said, okay, let's use the u.s. military to go after mexican drug cartels that many people believe are actually running the border. sounds like you would like to go further than that. can you widen that, tell us more about the use of the u.s.

military down on the border. >> so the first step how i am going to deal with this, place the military to seal the holes on the southern border, especially those areas not covered by the wall already. then i will pick up the phone. then i will have a phone call with whoever it wins the next presidential election. i'm grateful that "amlo" will be out. mexico has an election in 2024. whether it is shine baum wins that election for a fraction, tiny fraction, already what we spent in ukraine, we can help you, mexico, regain your sovereignty from the mexican cartels who are spilling over into our home land f you don't do it, we'll get the job done ourselves. the fact of the matter if you have a neighbor who has a dog comes over into your yard, keeps biting family members, if they do keep doing it at some point

you can shoot that dog and that morally legally justifies. it becomes a country that lost our soverignty to the mexican drug cartels, we'll have to defend your sovereignty. larry: in terms ever the dog going, in military terms that is hot pursuit. that is what you're describing. that is a very important point. on the question of the new president of mexico, whoever it may be, should they come back and show us they're devoting going back to devoting some troop coverage to the border to help remain in mexico and maybe go after the cartels? i mean as i recall, we looked at some clips back in 2019. >> yes. larry: they put up i think 15,000 troops. they also put up something like 6,000 troops in mexico, southern border, guatemala. biden lost all of that, vivek. wouldn't you want to regain mexican troop -- u.s. military has a very good exercises with the mexican military. >> of course. larry: there is natural filth if

the politicians can put it together. >> there are two boredders at issue here, one is northern border of mexico which is our southern border. absolutely we expect mexico to play a role of responsibility there. there is also mexico's own southern border. on my watch, larry, not a central american country will get a dime of u.s. aid until they worther to fix mex cope's own southern border. we withhold that aid, you watch that will happen immediately. we'll help them do it. that is how we protect the u.s. national interests. i do think, larry, it is time for our own foreign policy to return to protect the homeland. both our southern border you about also super emp defenses, cyberdefenses, i think that is mentality shift. the republican party can be the party of the future if we talk about the missing homeland defenses and border security is important part of that. i'm the only candidate in either

party talking about those other homeland defenses which is important for where we are for the rest of the 21st century. we have to be the party of future, not just the party of the past fighting wars that don't advance u.s. interests. we have to look at u.s. interests right here at home. that is how i will lead us. larry: vivek on the matter of the debate itself, you're a very, very smart fellow, what points do you want to push? we have gone through the border points. you're very emphatic on that. i think you have a lot of constructive ideas. pivoting they can ask questions but you can give whatever answer for that. kudlow has done that for many, many years. you're pretty good at it yourself. what does vivek ramaswamy, what are the key point you want to make coming up on the debate wednesday. i will be there at the reagan library. where do you want to go on those things. >> questions where i want to go with this country. larry: yes. >> the debate where i want to go in this country, when i leave

office in january 2033, what do i want to tell you all what we actually did, shut down the administrative state. that is at the top of the list. that will rescind the economy rescinding federal regulations keep us out of world war iii while declaring economic independence from china but most importantly of all, larry i want to revive that missing national pride in the next generation of young americans and i think it will take someone of a different generation, somebody who whose best days in life are still yet ahead to see a country whose best days can still be ahead too. i'm in the race as a member of that new generation. i think we'll be successful, hopefully reinspiring this nation. larry: vivek ramaswamy thank you for your time. you've always been very good to this show. we appreciate it very much and we wish you all the best of luck in the coming debate and the campaign. thanks for coming on this evening. all right, folks, moving right along, as i mentioned earlier fox business will be hosting the second republican primary debate at the ronald reagan presidential library in

simi valley, california, that is this wednesday, september 27, 9:00 p.m. eastern. yours truly will be broadcasting live out of simi valley for our regular show at 4:00, that is 1:00 p.m. pacific. i will host the predebate coverage at 8:00 p.m. eastern, 5:00 p.m. pacific. you don't want to miss it. i don't want to miss it. coming up next the bidens want to give illegal permits, work permits, i.d. cards and lord knows what else. my question is a simple one, doesn't congress have to vote on all of this stuff? what gives the bidens the power to let these folks in? i say that as a humanitarian and i say that who loves immigration but it is legal immigration. anyaway senator eric schmitt will weigh in on the border, on congress and a few other things as well, when "kudlow" returns. ♪.

♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ is it possible to fall in 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. gold terra is drilling deep and rediscovering high grade gold. their project in northern canada has already unveiled nearly 2 million ounces of high grade gold, with a strategic plan to uncovering millions more. gold terra resources. >> tech: cracked windshield on your new car? bring it to safelite. my customer was enjoying her new car, when her windshield cracked. [gasp] >> customer: my car! >> tech vo: she didn't take it to the dealer. she scheduled with safelite.

we have the latest technology for the newest vehicles. and we do more replacements and recalibrations than anyone else. >> customer: thank you so much. >> tech: don't wait-- schedule now. ♪ pop music ♪ >> singers: ♪ safelite repair, safelite replace. ♪

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho!

running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. ♪. larry: the biden administration is now giving illegal migrants work permits and i.d. cards. i don't know what gives them the authority or the power to do any of that stuff.

joining me to talk about it, missouri senator eric schmitt. senator, thank you as always. look, i'm reading about these work permits and i.d. cards and other things that incentivize crossing the border. what gives them the authority to do that? there is no congressional legislation that says going ahead and change the laws regarding work permits or visas or any of that stuff? do you know, does anybody know or are they just doing this? >> they're doing it, part and parcel of a lawless administration particularly when it comes to the border, larry. we can talk about all the other things struck down like the student loan debt scam, a lot of green, green new deal initiatives that were never passed by congress they're trying to do by administration tiff. the courts weighed in, said you can't do that they have taken this initiative. they're ignoring their constitutional duty to secure the border. what did he do when he came in office? he tried to get rid of remain in

mexico which was working under president trump. get rid of title 42 which was working president trump. he is paying contractors not to construct the wall. you have materials literally rusting on the ground. this is intentional and disturbing. the american people are seeing record border colorses. i've been down there a couple of times and one of the more startling numbers, larry, $100 million a week, that is the economic value of the human trafficking alone, just the human trafficking, let alone the drug trafficking which fentanyl is killing over 200 people in the united states per day. that is like a 737 going down every single day. so, this administration lays at their feet. it is a total disaster at our border and it's a mess, a total mess. larry: see, senator, i, you know, i'm tracking with you on the points but it just occurs to me, i have read, i forget where i read this, somebody wrote a good column or good news report on this, handing out i.d.s or

worker permits, this is the purview of the house and the senate. administration can't just give away this stuff. this has financial implications, economic implications, it has national security implications, what gives them the authority, this is the administrative state. vivek ramaswamy was just -- this is central planning at its worse but mostly, and you did mention student loans, it is like that, mostly they don't have the authority to make these changes! >> right and in my maiden speech on the senate floor larry this year the two things i mentioned specific were we have to fundamentally dismantle the administrative state and protect free speech and we see the attacks on that as it relates to the administrative state. the founders did not envision this. they thought branches would jealously protect their power, they dispersed so no one brand would have more power.

there need to be structural reforms. i propose legislation would say, look if you propose a new rule, pull back three. not only pull back three it would give the bureaucrats to think twice ever considering moving forward that new rule. also congress should have to weigh in on these matters before the rule goes into effect. larry: right. >> if you have got a rule that will have an economic impact, congress should have to give it up or down. by the way, congress is, screwed this up over the years too. they say i voted for this great bill but i can't believe what the epa is doing. nonsense. we have to get back to real accountability, so the people that elect us hold us accountable for our votes. we should vote on whether there will be a gas stove ban. we should have to vote on these ridiculous emission rules that strangle our economy. all of us should cast those votes. we have to do something to dismantle the administrative state way out of control now and do what it wants to do. thankfully we got the courts eventually step in to knock these things down because

they're wholly unconstitutional, go beyond any authority congress has given them. ultimately congress, the house of representatives and the u.s. senate we have been tasked by the people of this country, we the people, to say we want you to decide these things, right? you can hold us accountable. nobody knows who the deputy undersecretary of name the agency in washington, d.c. is and that is part of the problem. larry: senator, let me, by the way on that point, a judge down in louisiana is overturning the freeze on the gulf of mexico oil leases. so the courts are working. i mean they're doing their job but you're right, senate and the house should be involved in these various laws, whether it is migrants or whether it's student loans or when it's energy you're absolutely right. let me ask you something else, on thursday, senator schmitt the house impeachment inquiry is lawn muched, the oversight committee and jamie comer but in

the news over the weekend and today, it is very interesting to me, it turns out that hunter biden, go back to this hunter biden, i will take some more time with senator schmitt here, hunter biden did not pay his back taxes, so, i will ask you, former attorney general of the state of missouri, because he didn't actually pay the taxes the statute of limitations so-called may not apply and it may be up to special counsel david weiss who still could redeem himself and go to heaven if he does things correctly. another point i wanted to make, speaking he have heaven or hell, hunter biden has never been really tried for violating the foreign agent registration act, fara. and that investigation could uncork, if you will, the entire nasty story of all these phony llcs and the 20 million or the

40 million or the $50 million that may have gone into the biden family and some of it may have filtered up to president biden. in other words, my point is there is openings here. that the hunter biden case on the laptop and in wilmington, delaware, there is still a chance of opening up this entire scandal, what do you think about that? does weiss have the authority? >> yeah and hook, whether it is a conspiracy charge that could be brought, i mean look, as a prosecutor you know very well or it would be malpractice to not be aware of the deadlines, the statute of limitation deadlines, so if they ran on purpose that's a story and why and that's again why this impeachment inquiry is so important to have these facts out in the open for the public to see. you also, anybody knows that when you have a high-ranking political figure like this these issues, the idea that weiss had full autonomy here, he would have had to have moved forward

with main justice. main justice will sign off on something this sensitive, so that needs to be pursued. merrick garland in his testimony last week was a bunch of dancing. he didn't answer anything. almost like he didn't want to commit perjury. that is another reason why we have to have a full inquiry to have all the facts out there. once we get the bank records, they have got some of them, larry, that will tell you if the big guy got his cut or not and the american people deserve to know whether or not joe biden when he was vice president, after or whatever was in on this. if you think about the implications about a compromised president, whether you know, money from china, money from ukraine, money from russia, making national security decisions, this has huge implications and the best evidence of all of this, larry, is the video of him bragging, he couldn't help himself, basically say you will fire the prosecutor which by the way was a problem for his son and his company newly established on this board, you will fire this prosecutor or we'll hold back a billion dollars worth of loan

guaranties. he is bragging about it. then he uses son of a gun, what did they do? this needs to be fully explored. this is not just about hunter biden, it goes all the way to the white house. again the american people deserve answers. larry: so right after merrick garland testified before jim jordan and the judiciary committee last week two more senior irs agents stepped up and said, wait a second, justice department interfered with the investigation, all right, on taxes. the justice department interfered. now we already had two his whistle-blowers from the irs. two plus two even in the woke world equals four, irs whistle-blowers, saying same thing, merrick garland did not speak the truth, he interfeared with the prosecution of hunter biden on taxes and other matters. that is just right out there. so i'm just saying, this thing has to be prosecuted in

wilmington and in washington, d.c. maybe in california too, i don't know that but i'm just saying this is a lot more work to be done and i just want to get your thoughts on it because the inquiry opens up again, opens up this week, opens up on thursday. >> well, that's right, larry, and i think you saw after that bogus sweetheart plea deal fell apart when the judge thankfully asked some questions whether oar not this would give blanket immunity for hunter biden for all the stuff other than gun charges nobody is really talking about? that unraveled this. now the public is focused on this. they have to look at these other criminal charges and investigations. the impeachment side that is a political inquiry. again whether they call it impeachment inquiry, further oversight inquiry, the american people deserve to know and these whistle-blowers coming forward, some have been forward, many behind the scenes coming forward, all that needs to be out this. the american people need to make their decision, the house can make their decision, by i think it is important for our republic

for a real public airing on this one. larry: one last one, you know i love going with you senator schmitt, i could go another 40 minutes, government shutdown friday midnight, are we heading for that? >> i'm hopeful we don't. it seems unnecessary. i will say this, this is my first year in the senate, i tell you i'm shocked all of the discussion about deadlines and never about dollars, states everywhere in this country pass budgets through individual appropriation bills. we ought to be able to weigh in on these bills one by one, offer amendments. we might be able to focus on one as opposed to the other. we got to get back to that regular order. larry: regular order. >> take away incentive structure to come back to the deadline mentality quite frankly a few people hold a lot more cards. it always ends up costing the american taxpayer a lot more money. that is not the best way to run a railroad. certainly not the best way to run congress. i hope we get reform as we move

this forward too. larry: i've been yelling preaching about regular order for so long. i understand schumer wants to spend more. then you have house republicans who want to spend less on any cr whatever it is. i don't know how they're growing to get around that. you know, senator, just in the last 30 seconds, this is your first year in the senate, i keep forpet abouting at because you're so good at it. are you having fun as first year senator? is this most fun you ever had in your life, sir, really? larry: [laughter] >> really, listen i feel incredibly blessed, i feel incredibly blessed honor of a lifetime i really do. larry: that's great. >> the conversations i have back in missouri are different from the ones in washington. i try to bring the show-me state common sense to the senate. larry: thank you very much. coming up mere on kudlow, joe biden is getting clobbered in the polls. that is long and short of it. you can put as much lipstick on

it as you want but he is still getting clobbered. we'll talk about it with the great sandra smith and great steve forbes plus, which republican candidate has the best message for stewardship of prosperity and growth for the united states of america? which one? we're going to talk to art laffer because that should be a key point in the debate wednesday night. i'm kudlow. we'll be right back. ♪.

after advil. feeling better? on top of the worlddddd!!! before advil.

advil targets pain at the source of inflammation. when pain comes for you, come back fast with advil liqui-gels.

♪. larry: joe biden is getting clobbered in the latest poll and affordability is plaguing him big time. joining us now sandra smith, coanchor of "america reports," and steve forbes, founder, editor-in-chief of forbes media, author of great book, inflation, why it is bad and how to fix it. sandra, you write, homes and cars are not affordable. i don't think bidens understand that is what is driving his polls now. >> there was analysis on home

affordability, 170 points still on average, when you were still this, when you were still advising the former president, it is halved. people cannot afford what is for most people the single largest asset they will ever acquire in their lifetime. that is what people are feeling. so when we see all the polls out there, democrats are saying what is this president talking about? did you see alexandria ocasio-cortez, she is saying this is an economy in crisis and this is a president who is doubling down and he is doing everything -- >> she still owns a tesla, non-union tesla. larry: i didn't know that, she own as tesla? that is fabulous. you saw "the washington post" poll. >> yeah. larry: internally on border security and on the economy and on inflation biden's numbers continue to deteriorate just like every other poll. i don't care, people can disagree with the top line, my question to you, steve forbes, what is going to change? what is going to change at least in the biden policies and presentation? >> nothing and the reason is the

far left is running the show. joe just shows up and hopes he stays on the toe line, not run into anything, but in terms of the policy bureaucrats and agencies have taken over. the left, larry is going all out on getting as much done as they can, hope for the best. maybe joe doesn't run. maybe somebody else runs but this going all out. they don't care about pole poll numbers. they will do as much as they can. courts may overrule them, but they come back. ftc, sec what are they doing in the environmental business. now we can't use anything. no shower heads. >> my dishwasher doesn't clean my dishes. larry: no fans, can't get a good shower, you're absolutely right. sandra, the thing is, we talked about open borders earlier in the show, talking about the lack of affordability now, i think these polls show people don'thad big government socialism.

they don't like the central planning. they don't like all the eggheads in washington calling the shots, telling you, me, and steve how we're supposed to live our lines. what is below this is a revolt against the washington power grab. >> the funny part, irony of all of this, biden keeps using the "bidenomics" term, gerry baker on "wall street journal," the president taughted that as the economic policies enacting and working. we usually used that to identify the policy, government picking winners and losers, failing at that. he doubled down on that. those are his policies at work and they are working. voters that believe they're worse off financially underthis president is now at 37-year high. i don't know if you saw this. the "abc news/washington post" numbers, 37% of americans feel they're worse off under this biden administration. never has been that high before. the question, are you better off now than when the president took

office. the numbers will tell the story. the only thing that will change, things could get worse. jpmorgan predicting 150-dollar oil. larry: in a couple years. >> a couple years. but we're headed in that direction. almost just accepted now we're back at 100. larry: interest rates very high. >> we didn't have to be at 100-dollar oil. larry: you're dead right. it is hurting the bond market and also damaging the stock market. >> there is no faith in the future. not as if you had times are tough, but better days are here again, happy days are here again, the great roosevelt magician at work. people have no faith in the future. that is deadly. they want to be optimistic. larry: this is a great point, a kudlow point, jack kemp, point, reagan point many years ago, shouldn't republicans in this debate try to get that message out? in other words we have an agenda? >> don't just say go to my website to see my tax plan. lead with it out loud. larry: that is a great point.

really this kind of optimism in the future, here is some big picture points that they make. that is really what is missing from the debates. >> not just details. feeling you have the right principles, right direction, right character, to make things right. because you don't know what is going to hit a president. they want to know can you trust them. larry: i have to hustle out. >> so happy to be here. larry: sandra smith, steve forbes. remember to catch sandra with her coanchor john roberts on "america reports" weekdays one to 3:00 p.m. on fox news. i will be on the show wednesday from california. joining me now, hustling right along, art laughter, former reagan economist, presidential medal of freedom recipient, author of "taxes have consequences." you heard what steve forbes said. no one is smarter than steve forbes. yeah, he just said except arthur. you made in point for a year republicans have to show the public that they have an agenda

where they would be good stewards of the economy and prosperity and economic growth in the future and it's not my website to use steve's point. it is this general message. what do you think? who is doing it? who should do it? what are you expecting in the debates, arthur? >> what i'm expecting in the debates may not be what happens because i don't think they're going to have time, and i don't think they will lay it out and they should. it should be all about economics, larry, plain economics, low rate, broad base, flat tax, spending restraint, sound money, steve is so good on that. minimal regulations free trade, bang that's it. medical transparency, energy deregulation, bring it back so we're self-sufficient in energy. those are things they should do, not cliches. shows they have brought bit. low rates broad-based flat tax.

get rid of deductions ises and get rid of government spending these and these programs. i will deregulate. here what they are. that is what they need to do, instead of all the other stuff on never mind, but all the other stuff. larry: there is one candidate out there, who is actually talking about this. he will not -- >> there is, he will not be in the debate but trump is talking about this and when you look at his polls, his talk about future economic growth and prosperity and liquid gold and things of that -- it is paying of. the voters, i know polls are not votes but the point is the snapshot of voter sentiment shows they like what they hear from trump and i think you know, these candidates in the debate, they can attack trump if they want to but they should stick to what, what will they do for future prosperity? >> as you know i'm an economist, larry, and only economist and i don't talk about social issues or other things on that. that just not my bailiwick, not

my turf but on economics trump is talking about all the right things. not only is he talking about right things he is pointing back to his record where his record shows he not only talked about it, he delivered on it. i mean we had the greatest thing of "operation warp speed." i can't tell you how grateful i am to him about that. when he looks at the tax cuts and jobs act, that was fantastic, results were terrific are. deregulation, all of thieves things were done a spectacular job on. he continues to talk about them and that is exactly what should be talked about, and those are exactly the things that the next president of the united states along with congress should do to bring american prosperity. it is amazing how many problems disappear once prosperity returns and there is fast growth, full employment people are prosperous. all the other problems disappear by the way. we have really a great economy. larry: amen. >> trump was right on that target. larry: amen to that, art laffer, thanks, i have to hustle out. that was a good sermon, a good

sermon. >> my pleasure, larry. larry: next up interest rates are rising big time. oil is coming close to $100. we'll she you what stocks have benefited with rising rates and we're going to show you how the stock market has done under joe biden and we'll talk to the great nancy tengler right here on set in just a moment. please stick around. ♪. dexcom g7, the most accurate cgm, can alert you before you go too low. now, that's more peace of mind with dexcom g7. ♪ ♪

i wouldn't have my business if it wasn't for my website. once i decided to go with godaddy, the process was seamless. i was able to create my website on my own. to have it be exactly what i want it to be. be able to integrate my appointment app. godaddy was able to provide everything that i needed. the whole image of who i am and what empire is is presented through my godaddy website. ♪

dear moms and dads, what you have achieved here today is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education centers near you. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening.

♪ larry: how now, dow jones. let's get some stock market wisdom from the great nancy tengler, ceo, cio of laffer tengler investments, author of the upcoming book, women's good to successful investing, achieving financial security and realizing your folks. nancy tengler, wonderful to have you here on set. our pal jason trennert from strategas did a write-up, i think we have a full screen, during the entire biden administration the best best performing sectors, and i think this is ironic, the number one sector by far, the chart shows is energy, energy, okay? >> yeah. larry: that's because what -- what was jason's point? what's good for producers may not be good for consumers. anyway, what does nancy tengler think about that? >> you and i talked about energy for a long time and i think it is amazing this administration has now cordoned off

10 million acres up in alaska. it makes no sense. we need it as a bridge and so we've been actually increasing our exposure to energy. we've owned it, we've been overweight but many of these companies have got financial discipline which means they're not producing as much unfortunately and their smart management teams with a commodity that no longer really operates in coordination with the dollar. so it's demand driven and supply driven and the supply is constrained. larry: yeah, people, some of these experts have said, we are two to three, maybe even four million barrels per day undersupply right now. >> yep. larry: that is because, in part because of the biden regulations and of course opec plus is taking advantage of that. >> right. larry: but that has kept prices high and i just wonder if you had a thought, energy prices $100 a barrel, four, five dollars a gallon, what do you think there? >> i think we'll probably get to

$100 a barrel, i mean this other projection of 150 we won't remember- larry: over three years. guy at jpmorgan lost his mind and i don't know what. a different subject, sorry. [laughter]. i mean he make as forecast for three years. then the interviewer asks him will we get to 100 this year, no, but it will get three years. i don't know. >> the biggest problem is refining. people say we're producing more oil in the united states almost back to pepandemic, pre-biden levels but we have to send it off to get it refined. that is where the prices will stay stick city, high around a problem for most americans. larry: the other thing i want to ask you about, nancy tengler, this too comes from jason trennert, such a smart guy, the 100 basis points increase in the long bond be the 10 year bond, going to say from 3.50 to 4.50 in round numbers, the best performer was health

care. second was technology. anyaway, what i'm really asking you is, with this jump in the long-term rate does it go, a, does it go to 5% and what is its impact on stock markets and stock price earnings ratios and things of that sort? is it a bear signal, like rates up stocks down or is it not that simple? >> when i started my career in the '80s we spent most of our time with the 10 year at four to five to 6%. larry: yes. >> real rates, two to 4 1/2%. they're about two now. great irony, you cited the irony with energy, biden administration drug price controlling 10 drugs on its way to 40, it will stifle innovation. it will be great for health care stocks but it will hurt consumers again. that is one of the things, we're almost, dan clifton did a piece on this, i wrote something about it as well, we're at .3% of

disposable income in pharmaceutical costs. really? historic low. larry: right. the cpi stuff, you don't see, this price gauging all the rest of it. >> i do think health care will continue to benefit but i'm a big believer in technology. we were buying the stocks last october when they said the trade was over due to high interest rates. the innovation, secular tailwind behind technology will continue. larry: wow, great stuff. so you're, there is money to be made. >> always. larry: non-rich can get rich in the stock market. nancy tengler, everybody, terrific stuff. thank you for coming on set. >> thanks for having me. larry: folks, i'm kudlow. we're back with the last word. dn possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.

♪ is it possible to fall in 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. gold terra is drilling deep and rediscovering high grade gold. their project in northern canada has already unveiled nearly 2 million ounces of high grade gold, with a strategic plan to uncovering millions more. gold terra resources.

♪ (upbeat music) ♪ ( ♪ ) ( ♪ ) ( ♪ ) -awww. -awww. -awww. -nope. ( ♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall.

we're traveling all across america talking to people about their hearts. ooh, take this exit. how's the heart? i feel like it's good. you feel like it's good? how do you know when it's time to check in on your heart? how do you know? let me show you something. it looks like a credit card, but it is the kardiamobile card. that is a medical-grade ekg. want to see how it works? yeah. put both thumbs on there. that is your heart coming from the kardiamobile card. wow! with kardiamobile card you can take a medical-grade ekg in just 30 seconds from anywhere. kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared to detect normal heart rhythm, bradycardia and tachycardia. how much do you think that costs? probably $500. $99! oh, really? you could carry that in your wallet! of course you can carry it your wallet, right? yes, yes. get kardiamobile card for just $79 this world heart day. don't wait. this offer won't last. get yours today at kardia.com or amazon.

>> the reagan library wednesday, we need some optimism and we need some positive solutions and here is how we will get out of this keep the faith camino, this is america and we can do this and we can also watch liz mcdonald. liz: thank you and certified and bring the sunshine larry, thank you so much, and we are sing on this and look at the name national polls, nbc and abc washington post, and catastrophe for president biden immediate is now saying this, is breaking is now coming in from of the new hillary clinton, privately warning biden if he could lose