that's an opportunity for investors to be able to get in on something right now. and i believe that there's some amazing organizations here. again, u.s.-based, wonderful. there are places that we can go abroad, but there are some players here today that are positioned well. and i think what led us into the bull with market is probably not going to be what leads here in the next decade as we have higher inflation, we've got with more volatility that's going to be taking the place. cheryl: yeah. well, tech is so sensitive to that, david. we're out of time. david stryzewski, thank you so much. let's take a look at this, guys, because we're with up 285. we did not start the day this way. john paulty yore ya is going to be here monday. don't miss it. that's it for me. now it's time for some "kudlow." ♪ larry: hello, folks, and welcome to kudlow. i'm larry kudlow. here's a warning on the economy: when you look at the

top line job numbers from today's bls report, the story looks very strong: 336,000 non-foreign payrolls way above consensus expectations. now, on that point, here's a little present. >> the economy create 3-d 36,000 jobs in -- 336,000 jobs in september alone. that means since i've taken office, we've created 13.9 million new jobs, highest share of working agents in the work force in 20 years. it's no accident. it's bidenomics, we're growing the economy from the middle out and bottom up, not the top down. bidenomics is leading the surge and unionized workers. exercising their collective bargaining rights. larry: however, craig:t when you look under the hood, you'll find the household survey that produces the unemployment rate only went up 86,000.

what's more, most importantly, full-time workers actually fell 22,000. that's right, full-time workers actually fell 22,000. it was part-time workers that rose 151,000. that was the bulk of the increase of jobs in september, part-timers. also, there were 123,000 more folks holding multiple jobs. no doubt because their can't make ends meet living paycheck to paycheck. these are all signs of weakness, which is undoubtedly why the stock market rallies and fears of a rate fed hike eased. another point i want to make, single biggest job increase category was government jobs, not specific private sector jobs. another point to be made, over the past year or more, the biggest gain in the employment to population ratio comes from

people over 65 years old. not prime age workers. now, i'm glad my peers are out there on the front line. go get them. but i'd like to see the younger crowd catch up. another issue, production workers in manufacturing are back under water in terms of affordability and what a day's pay will buy. over the past year, 12 months, their wages have risen 4.3%, which is fine. but their hours worked have actually dropped almost 1 percentage point. that's the slump in manufacturing. so natural rights approach income over the past year is up only 3.7%, which sequel to the last reading on the -- equal to reading on the cpi and the soft underbelly of biden administration and past three years price haves gone up faster than wages. that's why mr. biden's economics

favorability rate asking less than 30% with the disapproval almost 60% and recall deriving the bidenomics era, grocery prices up nearly 20%, gasoline up 52% and that's the fair uroof the frenzied spending policies and panic relatively constant la tourist policies and -- regulatory policies and war against fossil fuels. home buying affordability, aka america's dream, that's falling further and further off the table and out of sight. 20 year mortgage rate -- 30 yearlong rates short of 8%. housing starts, negative. exist existing home sales: negative. even with a positive number for august factory numbers, the reality is year over year, orders are flat, backlogs are negative and the economy has shown some resilience, this is

ironic. stay with me on this, the economy is showing resilience right now because corporate profits, the mother's milk of ststocks and the life blood of e economy, corporate profits continue to rise from the data through the spring and early summer. now remember, on this point, donald trump's corporate tax cut from 35% to 21% is permanent and low taxes equal higher profits but of course joe biden and anti-camptolist and proponent of socialist and wants to raise tax on all businesses and successful entrepreneurs and take a listen to this malarkey. >> when i was able to cut the federal debt by 1.7 trillion over the first two years, well remember what we talked about, it was 50 corporations that made $40 billion and weren't paying a penny in taxes. guess what we made them pay 30%.

15% in taxes, 15%. nowhere near what they should pay and guess what? we're able to pay for everything and we end up with a actual surplus. >> this here is pure malarkey. this is malarkey about corporate taxes and it's malarkey squared about budget surpluses. the guy is incapable of telling the truth about the economy by fy23, we'll see a budget deficit of $2 trillion or more. mr. biden is a bottomless pinocchio. he is incapable of telling the truth. you know what, there ought to be a law about that. that's my riff. all right. now, speaking of telling the truth, we welcome mr. wonderful, kevin o'leary, chairman of o'leary ventures and shark tank and it author of business and

life. kevin, are you in the middle east? are you in qatar? >> yes, i'm in qatar and doja and watching the trials and chasing it around the world and having aigrette time. larry: i hope you have a great time and catch up to the f1. kevin, we looked under the hood of the top line report and it looked great and full-timers fell, part-timers rising, and people holding multiple jobs, and i'm arguing that does not bode well for the economy, but i want to hear what kevin o'leary thinks. >> headline was great, larry, as you detailed and full-time drop not good. most that watch the numbers and try and harass them for invest -- parse them for investment strategies are perplexed and speculate it's because we've come out of a post-pandemic economy unseen and we've got 30-40% of the population not returning to offices. that's putting stress obviously

on triple a office towers in every city in america, commercial real estate, et cetera. that's well known. but what is this economy? shah gilani thornhill tore is the question we -- this is the question we have because when you're not coming into the office, what we're seeing in the data i speculate is you have more than one job. so that data supported as well so you're not coming in, you're hold ago full-time -- have a side hustle, maybe two side hurricane-forceses and it's a new -- hustles and it's a new economy. talking about metrics on s&p 500, everything is great. there's no question about that. the reason there's basically a put in the market is we've not spent the trillion on the chips and science act yet, free money for s&p 500 companies and the ira act, inflation reduction act. free, free, free, free, free money for s&p 500 comp companied $2 trillion, count it, $2 trillion not yet spent, nothing for the small guy. i've been harping about that for awhile. zero for small business, which represents 60% of the economy. the stress is showing up there.

so if you've got a helicopter with $2 trillion in it, what can go wrong? just inflation. larry: yes. >> that's not going away. larry: yes, that is correct. kevin, ironically, here's joe biden today in part of his shtick from the white house was we increased taxes on corporation. by the way, he didn't. the 15% minimum taxes apply to only a few companies and most of whom are obeying the law but my point is you know how point profits are. you're a man of business, you can't expand, you can't hire, you can't invest if you don't have profits. well, ironically trump's tax cuts for corporations was never repealed and that's a big part of the continuation of profits, which are making the economy

somewhat resilient even though you're in a housing recession and probably a manufacturing recession. i'm just saying, kevin, what little growth there is is coming from the corporate profit sector, which i think has something to do with trump's corporate tax cuts, which joe biden has tried time and again to repeal. all right. he hates profits and he wants to raise taxes on business. >> well, you know, i always say this, larry, to people. we talk about this tax policy, tax policy. so you're competing with the g7 countries and the g20 countries. you don't need to be the lowest taxes because america has a lot of benefits that people want to enjoy and why they want to live there. you don't want to be the highest taxes but you want to sit in the mid and will corporations are making new cap x and putting that plan for 10,000 people and don't want them leaving state side and sit there around 20% and you're right smack dab in the middle of g7 and the g20.

you go up to 30 and you're in the top line of taxes worldwide and people contort themselves and ireland and this part of the world in doha and uae and dropping tax rates between 0 and 9% and 12.5% and 3.5% and wake up, everybody. we've got to compete. we're competing globally and don't think this is a good idea. raises taxes is bad policy. i don't care who's in the white house. you've got to understand, we compete globally and you've got to play ball. we have benefits but when you get up to 30, 40% taxes, everybody checks out of dodge and goes to ireland, doha, uae or somewhere else. abu dhabi is the capitol of capital and they're offering deals to everybody and have infrastructure to support it. larry: well done. well said. no, no, well said. you gave us a little extra on common sense business economics

or you could say how the world really works. kevin, you have been concerned, consistently concerned about commercial real estate, high interest rates for lenders and -- borrowers rather and you're worried about the regional banks, the smaller banks. can you give us an update on your thinking about the real estate sector, the loan quality, and the collateral value? >> i am worried, larry. i'm not the only person worried. you talk to any private equity firm that finances real estate, particularly commercial real estate and office towers across america. the loan books on regional banks, the 4100 of them have as much as 40 m 40% of buildings ad many are under water and worked at 4 and 5% mortgage rate and not 9% and they're basically worthless. someone has to refinance these things when 40% of the people don't come back to work there

and so where i'm concerned is that it has a ripple effect. if you have money in a regional-back and you're paying your company. you've got 500 employees and payroll is $5 million every wednesday or $200 million or whatever, that's way more than $250,000. so during this transition of consolidation or amalgamation or whatever, the cracks are coming fast and furious. everybody sees it coming and we've got to guarantee payroll accounts and it's not my idea, it's a hagerty idea. the senator has an idea for 24 months to guarantee the payroll with no interest and not going to move your money when you can make 5.5 in a cash/cash basis but wednesday night feeling safe with $2 million and make payroll even if the bank fails. i've endorsed that idea and up and down the hill saying let's get behind this idea. you have a better idea. i don't care if you're red or blue. give me a better idea than that. it's a 24 month guarantee because we're going to have a

lot of volatility on the regional banks. larry: hi, few seconds, kevin. in the meantime, while that legislation lingers, you're concerned about the dynamics of commercial real estate and banks. >> of course. i'm really worried about it. i'm unhappy about two things and unhappy on the ira and chips and sciences act and not a dime for small guys, which are 60% of jobs in america. you give -- i said this countless times, you give -- until $2 billion, $3 billion and half the jobs are overseas and they're not americans. we're not supporting them. we should be supporting my guys, the small guys. at least 60% of every dollar should go to the small guy. now regional banks that support the small banks ryan higgins -- or small guys are in trouble because we jacked up rates to 5.5% terminal value on their way to 6. this is not good. larry: all right. kevin o'leary, well put. we appreciate very much. be safe, come home soon. thank you for your --

>> take care, larry. larry: coming up on kudlow, riddle me this, trump was impeached and he was acquitted by the senate regarding the january 6 business. so why isn't that double jeopardy if the justice department is going after him again for january 6? i don't get it. i'm not a lawyer, but we are going to talk to the brilliant law professor allen dershowitz of harvard 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. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything.

and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs. now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans

of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. loving this pay bump in our allowance. wonder where mom and dad got the extra money? maybe they won the lottery? maybe they inherited a fortune? maybe buried treasure? maybe it fell off a truck? maybe they switched to xfinity mobile on the most reliable 5g network.

for a limited time, buy one line of unlimited, get one free for a year. now i can buy that electric scooter! i'm starting a private-equity fund that specializes in midcap. you do you. switch to xfinity mobile today. i suffer with psoriatic arthritis and psoriasis. i was on a journey for a really long time to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis. serious allergic reactions, severe skin reactions that look like eczema,

and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. all right, former president trump was already impeached and acquitted in the senate regarding the january 6 business. sot question is why isn't this new prosecution by the special council and the justice department, why isn't it double jeopardy as mr. trump's lawyers are asserting? maybe a constitutional supreme court issue for all i know. joining us now is alan dershowitz and the yale law school and professor dershowitz, it's great to have you and you know i'm not a lawyer and i'm reading interesting articles and

including the new york sun, that publishes your op ed occasionally and trump taking a constitutional stand in january 6 case says that trying him after acquittal in his impeachment would be double jeopardy and, professor, i wondered what your thoughts were on that? >> the answer is crystal clear and the answer is nobody knows. nobody knows. the constitution doesn't answer directly and many thought of a civil ramp and not impeachment and the trial of all crimes except in cases of impeachment shall be by jury so it's certainly suggest that had an impeachment process is akin to a criminal process for a crime. i think there were arguments on both sides. the conventional wisdom has been that a president could be tried after being impeached, effort

a-- water acquitted or convicted but cannot be tried for crimes while serving in office. it's up in the air and i commend the lawyers for trump for raising this argument. it certainly is no more of a stretch than the arguments being made on the other side that the 14th amendment precluded the president from serving if he engaged what some people like the secretaries of a few states believe is an insurrection or rebellion. it's a seminar in constitutional law enforcement if i were back teaches constitutional law and spending a few days on this and the answer in the end is we're not sure. it'll be up to the courts. larry: when you say it'll be up to the court, fine. this thing will go on appeal. whatever verdicts are coming from the -- i mean, there's two grand juries. there's one in washington dc and there's one in south florida, which is very strange, i think. you think trump's lawyers will just try to keep moving up the judicial system to the supreme

court in order to settle this issue, which of course will take several years? >> oh, there's no doubt about that. i think the lawyers for trump realize they're not litigating on a level playing field. they know that there's every, every disadvantage and the judges, many of them are anti-trump and the jurisdictions are heavily democrat, and i don't think they think they'll win at the trial. i think they're reserving their rights for appeal. now, the get trump positivesy has a strategy and let's get -- posee has ideas let's get him found guilty and reversed on appeal. that'll happen after the election but it will have the intended impact on the election. so far it's been backfiring that is every time they go after trump unlawfully, unconstitutionally, improperly, he seems to gain traction at least among the republicans and

if that'll translate in the general election, nobody knows. i'm not a trump supporter politically, but i think he's been treated unconstitutionally and virtually every one of those cases to get trump by going through each of the four cases and plus the civil case and show how really none of them justify going after the man who's running against the incumbent president of the united states. on my podcast i give out bananas. we're up to six on a scale of ten, banana republic. almost seven and we shouldn't be prosecuting the man running for president and have an election and if he's defeated fair and square, fine. don't give him any excuse to complain again if he loses the election fair and square and the american public should decide this and not judges or juries or secretaries of state. larry: alan, one more, we appreciate your inputs as always. you mentioned the 14th amendment and the new york city trial. some people are arguing that the

state of new york has no reason -- i'm sorry, no business, no authority to literally seize all of mr. trump's assets, businesses, apartments and homes. i think it's a very shaky case to begin with because based on real estate valuations and all tied up with tax assessors and local county assessors, and i think that's all completely wrong. but there's a constitutional question. it's being argued as a 14th amendment. again, i rely on you for this interpretation. can they actually take all of his businesses? >> well, they're going to try to do that . obviously the two new york cases are the weakest cases imaginable because both of the people, both prosecutors ran on the campaign pledge to get trump. they're trying desperately to get trump. the fraud case is absurd. social security not shaky, it's absurd. there's no complaints and the job of the attorney general

isn't to protect banks. they don't want protections. they made loans and the loans came through and donald trump didn't exaggerate his real estate holdings to get loans. he could get a loan by signing his name. he may have done it as leticia james seems to concede to get on forbes 400 list, but who is he defragged at that point? to have fraud, you need a victim and there's no victim here. it's an absurd case and i don't think the scream court will -- supreme court will allow the state of new york to take all his property without this kind of due process and intent to defraud real victims. there's so much crime in new york. why is she bothering to devote all the resources of new york to protect banks and the last institutions that need protection and they all have assessors and accountants and take what a person puts down as value of a house and if they think that mar-a-lago is worth $27 million, you and i get together and we'll buy it and

sell it for two times. larry: that's exactly -- i know. we could put together five or six people and buy ourselves an $18 million mar-a-lago. it's hilarious. it's ridiculous. the whole point is ridiculous but reporter:red to hear you walk through it. >> i've offered the judge to buy his house at whatever the value is. whatever it is, i'll buy his house from him. because everybody knows that tax assessment bears very little relationship to the actual sale of a house. larry: right. harvard law professor a l an dershowitz, sir, we love having you on the show. you're a super star. coming up on kudlow, does president trump's endorsement of jim jordan get mr. jordan across the finish line in the house speakers race? unexpected endorsement? i don't know. anyway, we are going to ask our

own magnificent brian kilmeade. then on top of that, we have bright bart's alex marlow with a new book and joining us to talk about the bomb shell book called breaking biden. it blows the lid on the biden crime family. all that when kudlow returns. all that when kudlow returns. mar-a-lago (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.

♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪

♪ the little pill with a big story to tell. ♪

larry: all right, welcome back, folks. joining me now is alex marlow and bright bar news for the new break breaking biden exposing hidden forces and secret money with the shame behind biden and the administration and, alex, welcome back. i've started on the book and it'll take me a while to get through and i'm stuck on it and there's a lot of stuff to talk about here and make them the littlest and why does joe biden

lie about so many things? i know politicians and i've been around them, you know, 40 years or more. i know they embellish or exaggerate but flat out laws like he was a great athlete in college and he wasn't. he got a full scholarship to law school, he didn't. speeches, he plagiarizes and neil kinnick and rfk and won an international mute court competition in law school. he didn't. says he has highest iq, he doesn't. he lies about the economy he inherited from donald trump. he was always saying it was a reeling economy with high inflation. the reality was it was a booming economy with virtually no inflation. he lies. he did it again today, alex. hoe lies about the budget deficit, which he says he cut 1.7 trillion and today has a new one, says we're running a surplus because of his policies. i just don't get this almost

pathological, untruth telling of his. can you tell us in your book, generally speaking? >> how about one of the best, putin price hikes and 7% and they're throughout and obviously something in joe biden's line and get through them in their whole life and she was doing this stuff and always been this way and consequences and keeps winning and he gets elected president. he says something dishonest every time and as lon as he doesn't cross the left wing base and there's no consequences and all he has to do is say something that appeases his base and once that's done, he won't get skated. larry: that's the strange -- skated. larry: that's the strangest thing and i've been in and out of politics and i've never

seen -- i understand politics. little white lies, fibs, embellishments, i get that . these are like fundamental untruths and it's very water. alex, he's kind of -- looks like he's the influence peddler in chief, and i know you've uncovered a bunch of things in the book and hoping you might share one or two with us today. >> yeah, one of the thins they think is really important and we had an article out on this is i think joe biden's cancer moon shot is basically a big scam on behalf of the sun in law and he's got business deals all over the place especially china. joe's flying him around the world to vatican and he's networking for the business called startup health that was only possible because joe got him in with barack obama early on and this was a guy that made a lot of money off the coronavirus industry while advising joe biden's coronavirus policy. no one talks about it and it's a massive scam going on right now.

larry: wow. how about in terms of flying around and all the influence peddling, were you able to uncover any additional stuff on the burisma issue and the bribery issue, you know, and maybe beyond what these irs agents are saying but tell us some more, alex marlow. >> yeah, i think the burisma one is always important to come back to because this is the clearest example, easy to document of clear bribery where you've got a government policy that was altered, specifically in order to pay the biden family money. hunter gets a million a year deal and burisma has one request, larry, one request: fire the prosecutor. they asked multiple ti ti timesd joe does it and brags about and now we know that the state department actually thought the prosecutor was doing a good job and we materially changed our government policy in order for the bidens to make money. clear as day, get the handcuffs out right now. we know they're capable of that

and we know they're doing deals in at least half a dozen countries that i document in the book. you have short term orientation tart from that premise. once you start from there, they're willing to do this and then you can get to a place where you subpoena hunter and ask him, hinter, what did you do for the company s? he's never given that answer and i want to know what hunter did for the companies that we're paying them. larry: alex, he's in court in wilmington right now. he changed his plea just on the gun charges as i understand. he pled guilty and now he's saying not guilty. he's not meeting the conditions of release as a variety of conditions relating to the alcoholism and so forth, but the big issue was the foreign registration act. he didn't sign it. he didn't represent it. that's where the influence peddling is from china and, yes, burisma and ukraine and these other probably russia, romania for all we know, kazakhstan.

were you able to uncover, here, let me go back. what jamie comer has done, what the house ways and means committee, jason smith has done, they found the wire transfers and the suspicious accounts, and if that road is followed, i'm sure there's going to be more gold at the end of it. >> there absolutely s. the fact that we're getting dollar amounts now, this was the biggest frustration researching the book without the benefit of having federal subpoena power. it was very hard to put the exact dollar abouts and the biden family was getting paid and i like to site this example of the dragon head and business strategic to china and exclusive to costco and bought reality and paid hunter cash and retains equitime" thinking how much is that worth? i'd like to know the answer to those specifics and i can't figure it out personally but the subpoenas can come in and where the investigations can come in

and put the dollar amounts on it and comer is doing it and it's a really great development. larry: which, alex, it raises this pintive often wondered about, is hunter biden completely divorced and separated from all these deals? all the complexity with all the l.l.c., accounts that the relatives and friends and all the corruption, whether it's china or ukraine or lord knows what, is he out of this? is joe biden out of it? is the money flow stopped? we don't know these answers yet as far as i can tell. >> especially when there's so many family members and i take a look at all of them. i look at jim, who used to be a nightclub owner and somehow got connected to the "fing spy chief of china". how did that happen? he got into commercial construction in real estate and iraq and how did jim biden get into that business? how did frank biden get into the charter school business and make enough money to be flying around

in private jets closing deals. these are all questions that need answered, and that's why the investigations cannot just stop at hunter. look at entirety of the family, and know that a bribe can go to any family member. we don't need to see a picture of joe as my friend peter says and it was one of the novelty gigantic foam cork board checks and we just need to see the money going into the family account and the policy changes. with the burisma president, that was eight years ago. they're willing to do it and the evidence is there. go get it. larry: alex marlow, are you now or have yuppies ever been in a jim biden -- you ever been in a jim biden nightclub? >> not yet. he's probably doing a better job with a nightclub than the charter schools. by the way, larry, i'll give my whole book proceeds to get invested in the mar-a-lago. that deal looks sweet, man. larry: we're going to buy mar-a-lago and sell for

$2 billion. that's how student stupid the lawsuit is. listen. alan dershowitz is no political ally of donald trump and he's one hell of a heel analyst and true blue civil libertarian. alex marlow, i wish you the best of luck and by the way, i want to thank you for delivering john kearney and the business digest. it's a fabulous product. on another show and another product, i was the first guy to have andrew on television. don't know if you knew that. >> administerly, you're so good -- larry, you're so good to us and we're so grateful and someone figured out the generals that was alex kearney. larry: folks, we're moving along and talk about iowa, the hawkeye state, showing the rest of the country how to cut tax rates. joining us now is -- i don't

know, she's probably my favorite governor and has been for quite some time. kim reynolds of the great state of iowa. kim reynolds, you're so fabulous and sit there in middle america in iowa and just cut taxes left and right. and you should be an example for the entire republican party. anyway, in short, governor, tell us your latest tax cut and where it's going. >> thanks, larry, it's great to be with you and you're one of my favorites also. i'm proud of what's happening in iowa. our fiscal health is strong and despite the significant challenges that is coming at us from the biden administration. i've cut individual tax rates nearly 60% and eliminated tax on retirement income, iowa is the number one state for retirement now. we are phasing out in inheritane tax and corporate down from 9.8

to 9.5 and we closed last fiscal year, 2023 with a $1.83 billion surplus and $900 million in cash reserves and on top of that, sitting on nearly $3 billion in the taxpayer relief fund and so let me tell you that means we're coming back this next legislative session. our goal is to get to zero net income tax and so we're going to implement another tax cut next year. and we've also addressed property taxes as well and reduced those for about 358 million as well. a lot of work to do there, but we're creating an environment that's sending money back to hard working iowans and encouraging businesses to expand and move to the great state of iowa. larry: well, i think important part of this story is you're lowering tax rates and that's helping business, it's helping the economy to grow more rapidly in iowa, which is throwing off revenues. i mean, in many ways, governor, it's the laffer curve at work. everybody in washington thinks if you cut taxes you lose money.

that's just not too . it would track people in and track business in. i mean, it's a great story. you got a very good editorial in the wall street journal and iowa's tax cut giant. americans tax reform was on the show bragging on you. see, let me raise this point, we're heading into the iowa caucuses. >> yep. yep. larry: all these republican candidates on the stage, the two fox -- they don't talk about tax cuts. i mean, they -- not only are they going into iowa, which is a model of what great tax cuts can co. but all -- a lot of states as you well know, a lot of states, red states and some purple st states are lowering taxes. it's very popular. for the life of me, governor reynolds, i don't understand why in the last debate, every single one of those candidates didn't make tax cuts across the board tax cut as big issue.

i mean, what are they waiting for? >> yeah, they need to talk about it because i think we are providing really an alternative to what we see from the biden administration and if you look at every state that's led by republican governors and we're fairly competitive bunch that's great for the constituents that we serve and see regulations in taxes keeping our communities and probably the biggest part i didn't talk about when talking about tax cuts putting in place. larry, you have to keep spending in check. we spent last year 82% of available revenue and that's how we can continue to get that to continue to lower our tax, encourage businesses to grow and expand in the state of iowa. but they should be looking at what we're doing in iowa, and that should be a model for what we can do at the federal level. they've got to stop spending and they've got to get back to energy independence and they've got to make tax cuts, trump tax cuts permanent. that's step one. they're not even talking about that and they continue to reduce it even more. larry: right. >> we also cut, i cut 21

agencies from my cabinet. we went from 37 down to 16. i am cutting government. there is nothing but bloat i can't even imagine what's happening at the federal level and that's a projected $215 million over three years and so that's, you know, that's -- it adds and you happen it's a combination of all of those things that i think the federal government could adopt here and send the country on the right track. larry: governor kim reynolds, you've always had my vote. even more. i'll vote twice for you. i'm like a democrat, i'll vote three times, early and often. governor reynolds of iowa, great story. thank you, ma'am. really appreciate it very much. all right, folks, who is going to be the next speaker of the house? we don't know. now we have this -- this guy mayorkas. yesterday he says oh, we've got to have a wall. today he put it in a federal register. today says no, no, no, we're not going to have a wall. anyway, i think the guy's -- never. i'm kudlow. that's all i know. i want the wall.

we'll be right back. ♪ salonpas, makers of powerful pain relief patches for 89 years... believes in continuous improvement... like rounded corners that resist peeling, with an array of active ingredients... and sizes to relieve your pain. salonpas. it's good medicine. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763.

that's 1-800-763-2763. 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. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest?

you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible. nice footwork. it's happening. 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. >> so many of those extremists, maga extremists, take their marching orders from donald

trump who has no credibility left by any measure. he's only in it for himself. he's now defending himself in civil actions and criminal actions and when do they break with him? because at some point, you know, maybe there needs to be a formal deprogramming of the cult members. larry: wow, i want to be deprogrammed. i've looked for it for years. joining us is my very dear friend fox business anchor mr. david assmond. >> she was talking about a big radical and died back in the early 1970s and all through the 60s training people how to be radical and was really radical and the people he admired was satan. he devoted his money to satan.

larry: not even the devil? >> no, satan. larry: she study that had crap in college. >> one of the rules for radicals according to sol is don't let the cat out of the bag. she d. she let the cat out of the bag on what she really wants to do. larry: we have the deplorable sound. can we run that? deplorable sound. here it comes. this is just a golden eagle. take a listen. >> you know, just to be gry generallistic, you can put half of trump supporters into what a call the basket of deplorables; right? the racist, sexist, homophobic, zen phobic, ziti islam phobic d unfortunately there's people like that. he has lifted them up larry:

it's great to see these things and she's one bigoted woman. i want to be deprogram intoed a deplorable. >> the incredible thing she said is that sort of cost her 2020. everyone saying she'll come back in 2020 and beat trump. she said that and she was considered too radical to now she's just on par with joe biden. i mean, that's how things have changed in the democrat party. there was a time -- i mean, that really might have cost her the election in 2016, and it cost her a chance to run again in 2020. nowadays, biden is saying those things every day, and he was supposed to be the middle of the roader. larry: i think of michelle obama running for president, hillary will jump off a cliff. i've got to go. my dear friend david, the best of the best. i'm kudlow. back with the last word. she'll jump off a cliff, i'm telling you. ♪

♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. let newage products transform your garage into an area of your home you can be proud of. modular steel cabinets let you pick and choose the storage solutions to keep your garage organized, with overhead racks and shelving, slat wall, workstations and flooring that let you create a showroom garage to call your own. designed for diy installation. all you need is one weekend

to take your garage from unusable to unbelievable. visit us at newageproducts.com. this is btv business television. coming up: mayfair gold, canada's first carbon neutral gold mine. gold terra, can this ceo do it again? kodiak copper, is the supply going to last? banyan gold, with over 6 million ounces, are they an acquisition target? northstar gaming, the igaming market is taking off. nighthawk gold, are they undervalued with their new resource? watch at b-tv.com.

at humana, we believe your healthcare should evolve with you, and part of that evolution means choosing the right medicare plan for you. humana can help. hi, my name is sam davis and i'm going to tell you about medicare advantage prescription drug plans that can provide more coverage than original medicare, including prescription drug coverage, all wrapped up into one convenient plan. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each. and then you're still responsible for 20% of the cost. next, let's look at

medicare supplement plans. if a service is covered under original medicare, then a medicare supplement plan pays for some or all of your medicare deductibles and the 20% coinsurance. but they may have higher monthly premiums and no prescription drug coverage. humana medicare advantage prescription drug plans include medical coverage, plus prescription drug coverage. as well as dental coverage that includes two free cleanings a year, plus a yearly exam. vision coverage includes vision exams and a yearly allowance toward eyewear such as lenses or contacts. and hearing benefits include routine hearing exams and coverage toward hearing aids. you're covered for preventive services like annual mammograms and prostate exams. there's a zero-dollar copay for routine vaccines and telehealth visits. and you get worldwide coverage for emergencies when you travel. you get all of

this in one convenient plan. plus, there's a cap on your out-of-pocket costs! so, call or go online today to see if there's a humana plan in your area, to find out if your doctor is in one of our networks, and to get our free decision guide. there's no obligation, just good information. humana - a more human way to healthcare. larry: yesterday, alejandro mayorkas writes in the federal register the need for a border wall and today denies the whole thing, walk it is back. i didn't mean it. that is utterly morand ick. that's the -- moronic. that's the best i can tell. liz macdonald is better than mayorkas. liz: thank you.