import ban, there that possibility? >> obviously it is a possibility but i think it is highly unlikely because presidents rarely intervene. the only time i remember a president intervening is when a patent was involved which had to do with a standard. when a patent is used in a standard you can no longer get an injunction. ours is not the case. and the stuff apple says about itc is a little unfair. first of all, we did not abuse itc. we use itc as it is supposed to be. both sides. we had the trial. we had the posttrial motions. liz: okay. >> and their product is not even helpful to people because it doesn't measure properly. it gives two measurements a day, less than 37% of the people. liz: okay. we got to run. i'm sure apple would disagree with that. we'll have earnings after the bell. [closing bell rings] joe kiano of mass sim mow, thank

you very much. look at those gains, stay tuned. larry: hello folks welcome to a special edition did of "kudlow." i was going to say "kudlow" but a special edition of "kudlow." i'm larry kudlow. we're looking at a likely house vote on israel war funding. joe biden continuing the a call for a pause in the war. the id fsted dilly moving into gas is is a through three routes. more anti-semitism on america's elite campuses. another big day in the stock market. we'll get to all of it but let's get to our newsmaker interview first up. we welcome the new house speaker, mr. mike johnson from the great state of louisiana. mr. speaker are you're very gracious to come on. i know it is a busy day. we appreciate it very much. sir, i want to begin if you will, there was a back and forth in the white house press room a little while ago. for the life of me i do not understand the difference between a cease-fire and a

pause, okay? i want you to hear this back and forth, maybe give us a comment. >> as you push the israelis for humanitarian pauses, are they just supposed to sit back and let hamas attack them and attack them and attack them and not fight back? >> we have been crystal clear that israel has the right to defend themselves. i mean -- >> pause means they can still shoot back? >> my goodness, peter, we're giving them security assistance almost every day. do we advocate pauses by both sides here, temporary, localized to be able to get americans out, to be able to get aid in? you betcha we do. that doesn't mean we're calling for general cease-fire. manage on a second. there is a difference. larry: there is a difference. yesterday mr. biden said in answer to a question i think the president was in minneapolis quote, i think we need a pause, a pause means giving time to get the prisoners out. we all want the prisoners out.

we all want the hostages out but mr. speaker, what is the difference -- do you see a difference between a pause and a cease-fire and what do you think about had whole debate? >> i have to tell you agree with peter doocy. i would be asking the same questions. i'm not sure what the difference is. let's make clear there was a cease-fire, it was before october 7th. now, since that time, hamas has been relentlessly, barbarically having its way through there. what we've seen, what we heard, the first-hand accounts of the atrocities there defy the imagination. we have to stand with israel. there is no equivocation here at all. i spoke with the prime minister benjamin netanyahu on the phone saturday night, he said this is good versus evil, light versus darkness. i agree with him whole-heartedly and we'll stand firmly with our ally and friend israel. larry: you are going to take up this afternoon, i guess you will have a vote on the israel funding bill. can you tell us about that? it does not long like the senate

majority leader or the senate minority leader agrees with you at the moment. i have no idea how this is going to play out. can you tell us how you see it, please? >> well, we'll tell you this as a general premise we have to change the way business is done in washington. that is we have to keep an eye always on our own financial stability. we want to help israel. we're going to help israel but when i brought forth the supplemental emergency relief package i wanted to have a pay-for. that is that we decided that the large fund that is about $67 billion sitting aside to beef up the irs, i thought in the competing priorities, helping israel in this dire moment is more important than hiring more irs agents. so that's how we're going to do it. this is a very important principle. you talk about all the time, larry, is fiscal responsibility. we've gotten away from that. we have to get back to it. 33.6 trillion in federal debt, you know the treasury department this week said we're going to have to borrow $1.5 trillion

additionally just to keep the government in operation for the next two quarters this is an unsustainable track. these are not mutually exclusive pursuits. we can help israel and make sure our house is in order and that work begins today. larry: newt gingrich talked about this, wrote a column on it. very important that you re-establish pay-fors or check check-offs as you have done. the bigger question, mr. speaker, as you well know, a difference of opinion between the republican house and the democratic senate. is there a way to predict this? i mean, a lot of people would like to see ukraine broken out. we need a good national conversation on the ukraine. certainly throwing a little more money at the border in order to expedite more catch-and-release, we need a lot more conversation about that because it is crazy. doesn't seem like this stuff will get resolved. then there is this emergency

spending, 55, 56 billion which is crazy. how does this play out, sir, in the next few days? >> well, you're going to see. you know, chuck schumer and the democrats in the senate want to do what president biden wants to do, that is lump all of those categories and items you just listed all together in one giant spending package. that is not what the american people desire. that is not what they deserve. they deserve a more sober look at each of these issues. we're going to handle the ukraine issue and the border issue probably together in the house side. we'll do these separately so we can have thoughtful debate and discussion. we're in the consensus building business here. we don't have a full consensus yet on ukraine. we have a growing bipartisan concern about the border. i think we'll get actual real policy changes there. that will serve all the american people. we're working hard on each of those issues. we can do it simultaneously. larry: everybody is, even mayorkas of dhs virtually agreed that potential terrorists are

crossing the border, chinese nationalists are crossing the border as well as all the illegals in catch-and-release. i would think we need a full national conversation about that and a whole change in policy? >> yeah of course, larry all of that was completely foreseeable opened up the border under mayorkas' direction and president biden minimum self and they allowed for the serious situation we have. fbi said, director wray said a few days ago they suspect there might be terrorist cells, setting up planning only god knows against american citizens we're to be on alert. yeah if you open the border to allow truss people to come in you open yourselves up with that kind of chaos. we've been working with everything we had for the last three years to get the border closed and secure they ignored it. we will force the issue and the american people want us to do that. larry: after you spoke to president biden after your victory as speaker, how was

that, just generally and did these issues come up? did he, you know sort of comment on stuff and you might have had an opinion or two? what was that conversation like? >> we had a cordial kind of middle east and greet conversation. the schedule got jostled a bit, we wound up having 15, 20 minutes together. we kept it at the surface level. i met him once before. it was a introductory kind of thing. it was a good conversation. he knows we're on very different planets on policy. we had purposes of a stalemate from that conversation. i did meet thursday of last week with jake sullivan, and omb director and a number of white house officials and we had very direct conversations where the house is, where the house republican majority is, for example, dividing the israel and ukraine issue. i just told them, we're resolved and we're going to do it that way, everybody there needs to

wrap their mind around that because that is reality. larry: 15 seconds after you got off the phone with president biden his presidential campaign started attacking you. >> oh, yeah. that is the game here. i met with him in person at the white house and it was cordial and complimented me on having won the position and all of that and he shared some old stories. he said i've been around here a while. yes, sir, we all know. you know, look i respect the office and i think that is an important principle around here. we can't get away from that but obviously i have great concern how he is leading the country. i would be hard-pressed to tell you one policy issue i think they have handled well. so we have a lot of work to do. larry: you should take it as a compliment they're coming after you. they're all overheated about your speakership. anyway, i had one thing we wanted to ask you, bidens have been, have been appeasing iran. i talk about it virtually every night, "wall street journal" editorial page talks about it. is there some way, mike,

something you can do do as house speaker to restore sanctions on economic activity? you know last three years essentially iran which was broke when donald trump left office has now refunded itself because of easy-going sanctions and there is no interdiction, no impoundment, i call it stop a ship, send a message. they got $80 billion in energy and foreign exchange reserves and they're financing all of hamas and rest of the terrorism. is there there something you as speaker of house do to restore the tough trump sanctions? >> on this and many issues i'm from the kudlow school. i'm with you 100%. we're having thoughtful discussion what we can do to draw the line. iran is the largest state sponsor of terror around the world. they do not have the u.s.'s best interests at heart. they're the ones sparking all of

the violence and unrest in the middle east throughout the region and of course hamas and hezbollah are proxies for them. so why in the world would we do anything to assist them in any way? it just defies common sense and logic. we're going to push back as vigorously as we can, the house republican conference will do that. we only have a slim majority in one chamber of the legislative branch but we'll use that as best we can as a bully pulpit and with our policy production to try to push back. larry: i wondered. you might get bipartisan support in some quarters from the other side of the aisle. the other area of potential bipartisan support, mr. speaker, is on this incredible spread of anti-semitism. >> yes. larry: "wall street journal" called it the global anti-semitism. you see it in all these elite campuses. i haven't heard anything about lsu where you went, so that's a good thing but you see it at all the fancy schools in the east where the rest of us went, it is a major embarassment and a sore spot. is there something you can do on

that? >> there is fruitful discussion right now about funding mechanisms that go to some of these universities if they will hear bore pro-terrorist sentiment. some of this is coming from the faculty and professors themselves. we need to take a look at that. there may well be a role that congress can play in that. it has to do with federal funding. that is an important debate and discussion for us to have. by the way in tulane, new orleans area, we had a physical disturbance that erupted this week so it is getting serious. our jewish students are hiding in fear on some of these campuses and this has to be addressed immediately. larry: newt gingrich is banging me, i would have done it anyway, balanced budget but a pro-growth balanced budget that would include extending or even improving upon the trump tax cut which were so successful? i know that is not an immediate issue. youyou have got israel in frontf you but jodey arrington has done

a good job on the budget for his committee. i just wondered, that plus hr.1 which kevin mccarthy called the kudlow bill, unlocking the fossil fuel spigots, those are my two hobby horses down the road. unlock the spigots, let es have a pro-growth balanced budget with lower taxes. >> professor kudlow i agree with you 100%. those are two of my big issues as well. if we can get both of those right we'll go a long way to helping the country. larry: i don't want to keep you, sir. you have a big vote coming up. very kind with your time. very kind to do it today. speaker mike johnson. best of luck to you godspeed. >> thank you. larry: all right, folks coming up here on "kudlow" more biden scandals, all right? 40 gs worth of laundered money from china, somehow wound up in joe biden's bank account. really? from his brother's wife's bank account? from several other predecessor

bank accounts? how do you figure that? well we're going to get it straight from the horse's mouth, oversight chairman james comer coming up next on "kudlow." folks there is another massive rally in the stock market today. the dow was up nearly 600 points, third day in a row, fourth day in a row. i think it is all about interest rates but we're going to have a report when "kudlow" returns. good job, speaker mike johnson. this guy is a smart fellow, class act. i'm kudlow. we'll be right back. of g old. old. how it shapes us... "we're going down?" ... and our world. it's a story... i thought i knew. turns out it's far more incredible... - "it takes your breath away." - ... than i ever imagined.

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and i've kept it off. golo is real, our customers are real, and our success stories are real. why not give it a try? ♪. larry: all right, well, well, well, how now the dow jones? four-day rally, up almost 600 point today. our very own gerri willis joins me now on this big market rally. to, so, gerri, what's going on and why? >> reporter: well i got to tell you it is a banner day for stocks, green lights for stocks, a broad rally in the markets today with all three major averages ending higher by more than 1%. let me show you here, the dow up 564 points, the s&p higher by 79, the nasdaq rising 232. the dow and s&p having their best week in a year. the immediate cause of all that optimism is the hope that the federal reserve is done raising interest rates. at it is meeting this week the central bank leaving target ever

overnight rates at 5.25 to 5.5%. and a upbeat economic report, worker productivity up 7% annual pace, that is the highest in three years while labor costs declined .8 of a percent. another positive for stocks tonight. we're expecting earnings, apple earnings out shortly and analysts see an upbeat quarter. those results, well they are expected in just a few minutes, larry. back to you. larry: gerri, of course you're right on all point but rick rider, a very smart bond man was on liz claman's show just before this show and he said be careful. long-term interest rates are going back up. i happen to agree with that because the treasury is going to sell $1.6 trillion worth of bonds in the next six months. the speaker mentioned that in our interview. this story is not over but you know the kudlow trust has done well this week. there you have it. >> glad to hear it.

larry: gerri willis, best of the best, thank you ever so much. we'll switch gears, joining me now, kentucky congressman james comer chairman of the house oversight committee. we have ourselves of 40 grand going through bank account after bank account. mr. chairman, thank you for coming back on. this is so comelily indicated, llc after llc of after llc, lo and behold what started in china ends up in joe biden's bank account. if i have the story right. help us out please, mr. chairman come oner? >> you're exactly right, kudlow. that is what we call money londerring in the banking business. if you want to go to the very beginning it started when joe biden was vice president. we know that because of the message that the employees diddies close where hunter biden said his father was sitting beside him and he was trying to extort or shake down that chinese national. five days after that text message.

five million dollars goes into an account. they start the money laundering process. 400,000 goes to hunter biden's shell company and then through a series of wire transfers and deposits it ends up $40,000 in joe biden's back pocket. $40,000 just happens to be 10% of $400,000 which is, if you go back to the laptop, larry, this particular deal was the deal joe biden was supposed to be involve in and he was supposed to have a 10% ownership stake in. larry: wow. that was the tony tony bobulinski phrase. larry: wow, i forgot about that. the bidens are denying this. all his spokespeople are out there this is all just a conspiracy theory. how will you respond from that. >> that is what they said from the very beginning. when i said the laptop was legitimate, they said it was russian disinformation.

they said joe biden never met with or spoke to any of these people that sent his family money. through our seven month investigation, we have proven that he spoke with every single person. we proven most of the money happened while joe biden was vice president. we proven the biden family got millions of dollars from china even when he lied in the american people in the trump debate said his family never took money from china. the lies we exposed are never ending. anytime i come up with new evidence of criminality among the biden family members, then the white house attacks me. that is what they have done this week. we have a check, the second check we produced in a week to joe biden. those two checks combined are a quarter of a million dollars which for the guy who said he was the poorest guy in congress that's real money, larry are. we've proven that joe biden benefited from his family's shady business dealings and all the white house wants to do in response is attack me. larry: yeah you know, that first

check, by the way, both came from jim biden and jim biden's wife. i believe her name is sarah. that is all very interesting but it passes through other llcs before it gets to them but this eploan, the 200,000 was supposed to be repayment of the loan. we don't know anything about that. we don't know what the terms of the loan were. what the default penalties for the loan were. what the interest rates for the loan was. what the maturity, we don't know anything about that. you've got the check and they ain't talking. >> right. well you know if it were a loan wouldn't you produce evidence that shows it's a loan? larry: yeah. >> they called, the democrats on the oversight committee called cnn and nbc into their office. they said we have documents to prove this is a loan. so they came in there and showed them a copy of the check, same one that fox business and fox have shown on the screen and in the memo section it says loan repayment. they said, see, loan repayment. that's evidence that it was a

loan. and, you know, nbc and cnn, oh, well that is good enough for me. that is how financially illiterate the reporters are with cnn and nbc but you know, larry, whether it was a loan or not doesn't matter. what i can tell you with confidence is that both instances james biden could not have paid joe biden that money were it not for the influence peddling scheme. we traced the money directly to two different influence peddling scheme. whether joe biden got a 240,000-dollar kickback or whether joe biden did in fact a loan, got repaid $240,000, either way he is $240,000 better off because of his family's influence peddling scheme. i think that's real money. that shows that joe biden did benefit financially from his family's influence peddling scheme despite what the white house is saying. larry: well as you said follow the money. you got the checks. that is pretty, pretty damaging.

just one more, mr. chairman, we had senator grassley on the show, i guess it was last night. he has uncovered 40 senior fbi informant. they wrote up 1023 reports which are under oath in effect about possible criminal wrongdoing by the bidens. it is all covered up by the justice department and the fbi. chuck grassley sent letters out. are you continuing that? can you explore that also in your committee? >> absolutely. we're working with judiciary committee. jim doored dan is really investigating the department of justice than we are. he is on the oversight committee. we're coordinating everything. we're communicating daily. you have two problems here for the biden. you have the crime and the coverup. i'm focused on the crime. jim jordan and judiciary committee are focused on the cover up. we'll work together to hold this family and this administration accountable for wrongdoing. larry: there you have it, chairman jamie comer, we

appreciate it. you're very generous. >> thanks, larry. larry: coming up here on "kudlow," israeli troops have enveloped gaza city. they have a whole pincer movement going on. they said we're waiting for the big ground invasion? guess what, the big ground invasion. we'll have a live report from the ground. then can speaker mike johnson seal the deal, get a new era in washington an? we'll ask joe concha and katie pavlich and mark simone all when "kudlow" returns. ♪.

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help you choose the plan that's right for you. the call is free, and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. larry: welcome back folks, we'll go straight to fox news correspondent lucas tomlinson on the ground for the latest in the war. what have you got for us? >> reporter: larry, israel's top general says his forces entered gaza city. they have the whole area complily surrounded.

one of his decisioning succeeded crossing from the east to reach the sea, severing the palestinian territory in two. >> translator: idf fighters have been operating in gaza city for the past few days, encircling it from several directions deepening the entrance and also deepening the achievements. >> reporter: now that is, this is an israeli tank firing one of its high explosive rounds larry. after a series of assaults israeli forces are fighting continuously inside of gaza for nearly a week. three different divisions cone verging from three different directions. one pushing from the east, approaching, now reaching the med takennian. the israeli soldiers are moving slowlily and deliberately clearly not only homes and buildings as you see here but the spider web of tunnels underground. they don't want hamas fighters to pop up behind them. pun ish inning airstrikes continue. the israeli air force has destroyed 12,000 targets inside of gaza. they are dropping

satellite-guided bombs not just on gaza, but the west bank and lebanon and syria too. for the first time in history, larry, a israeli f-35, shot down a cruise missile fired by yemen, iranian-backed proxy fighters. these missiles are traveling 1000 miles to reach israel. one reason the israeli navy, moved to the sea to protect israel's southern flank. the aerodefense system has again active shooting down another ba likewise tick missile firing from yemen. eastern dome is used to fire short-range rockets this is similar to the patriot anti-ballistic missile system. here in tel aviv tonight, larry, all is quiet. no rocket strikes from gaza. israeli forces pushed deep into gaza, effectively severing the airer to in two. larry. larry: lucas, prior reports

we've seen over your shoulders shooting flares in the sky. are they knocking out missiles, is that the iron dome or what is that? >> reporter: larry, israeli forces launching illumination rounds from artillery. it will give israeli forces more exposure of the enemy. depending where that flair is dropped it will illuminate the enemy, to give israeli forces on the ground better targets to shoot at. larry: one last one. >> reporter: turning on the lights essentially, larry. larry: i got it. the idf led us, we're patient, we're going to be slow, we're not having the big ground invasion, meanwhile lucas if you look what happened, in the midst of a large sizable ground invasion, they split the country in two, split gaza in two. some people say they have split it actually in three and they're capturing all these hamas leaders and so forth. i mean, for somebody who hasn't had a major ground invasion it

seems to me they're kicking butt and taking names. >> reporter: there is no question, larry. why telegraph your moves so you wouldn't see that, just not how war works. no reason to telegraph that stuff. those little faints we saw last week first doing hits together, israeli forces moving in, moving out, throwing the enemy off-guard, hamas. slowly approaching from three directions. because of those tunnels you can't move too quickly. because you want the areas clean, larry. that is how israeli officials described it to us. if you move too quickly you don't want hamas to pop up behind you. they're moving house by house, apartment by apartment and you are looking not only the terrain but the subterrain. larry: lucas tome lynn son thank you for your time. we appreciate your work. are back here in the studio wow, i have company. quo concha, media columnist at

the messenger, a fox news contributor. we have katie pavlich, editor at townhall.com, fox news contributor, and mark simone, wor radio show host, the best in the business. thank you, kids. can i just get, you know, mark, start with you, just on this report from tomlinson, i mean, israel faked us out in a sense. this is a brilliant ploy. everyone was waiting for this big announcement about a ground invasion but that's what they have done and it has been very efficient, it has been very ruthless, been very successful. they split the country in two. they come from three different angles. they're killing hamas commanders and what not. i think this is a hell of a thing. what do you think? politically this is a genius. >> phase two, what you do in phase two. you come from different directions. you shrink the battlefield as much as you can shrink it before the real ground invasion.

they're using state of the art stuff that has never been used before. they have robots go in the tunnels. the robots do the killing in the tunnels. larry: oh. key point. >> they have robots in tunnels. then they use a sponge bomb. you shoot that into a tunnel. this compound that expands basically eliminates the tunnel. is frozen solid, no one can ever get in there again. larry: katie, why in god's name, backing israel what the president is saying, peter doocy went after him again today, joan kishry, what is the difference between a cease-fire and and a pause? if the idf are doing the lord's work what they're doing, barbarous invasion, murdering israelis, murdering people from all over the world who were at this peace conference why in gods name would you stop it? >> i was listening very carefully to the white house press briefing because of this exact question. what words are they split here

when it comes to explaining differences. just a few days ago they are very resolved we don't want to see a cease-fire. the only people that ben from that are hamas. john kirby was saying temporary pauses would be localized and encourage the hamas and israelis to stop fighting temporarily to allow humanitarian aid come in. let's remind everybody humanitarian aid, a in this case is not needed. hamas is sitting on hundreds of thousand of gallons of fuel. larry: yes, for many years. >> they have plenty of food they have been hoarding for their fighters. an egyptian journalist asked a question of the hamas leader. you have all this concrete imported into the gaza you used for tunnels over the years. why don't you allow civilians into the tunnels to use in terms of shelters, bomb shelters. he said that is not our job. that is the u.n.'s job. every time you hear this terminology and argument for a humanitarian pause, hamas controls everything.

they are hoarding all the resources. they should be forced to make a choice. we know the choice they will make, putting their people in positions where they can use them as human shields and collateral damage for the pr war waging american left, many people in the white house correspondents' association, white house briefings are biting on. larry: always. >> humanitarian aid is going to hamas. it is not going to the people. larry: joe concha, even the news coverage by "the wall street journal" which i read every morning cover to cover, hamas health officials, hamas health ministry tables say 150,000 people were damaged, why do people ever listen to anything that's first labeled as hamas? >> my favorite is the gaza health ministry. larry: there it is. that is what i was trying to remember. right. >> remember the hospital apparently his rail bombed, exempt they didn't hit the hospital, they hit the parking lot. >> hamas hit the parking lot. >> hamas, islamic jihad, the

missile came from gaza. we saw the headlines, palestinian officials say, when "new york times" showed a photo after destroyed building that wasn't even in the same city, right? so we're trusting these things. larry: that's right. >> remember the death toll at, 500 people killed. boy those people in gaza can count bottomed i dids real fast. they trusted hamas numbers immediately. i contacted your producers before this segment because the media reaction to some of this has been extraordinary. you mentioned the white house correspondent association, members in that room, one brian kraim, has a story out today, i think we have the headline we can put up here, maga, christian nationalism a bigger threat to america than hamas ever could be. that is funny. larry: where is this dope? where is he from? >> brian karim? salon,.

>> used to be a correspond depth for "playboy." he was not a reporter. only into commentary. larry: he once took off after me, yes, i know he is a crazy person. >> he loves attention. >> hamas killed 31 americans. at least check, maga, christian nationalism has not killed anybody. to make that, that is clickbait. we talk about it. he is happy we're talking about it. larry: he is happy, his mother is happy. mark simone what do you make of speaker mike joan? >> i love mike johnson. he is right out of the eisenhower '50s. cast system. he adopted a black child. larry: he a maga christian. a social conservative. >> he is against day marriage but civil unions. that was the exact same position joe biden had at the time. larry: he said i was a kudlow student, something like that. >> he called you professor. larry: professor. i like that. i got full promotion. i don't know if i got tenure.

but that's not bad. >> got attacked on msnbc, such interest in the bible. that made him an extremist. absolutely ridiculous. larry: best-selling book by the way, the bible. >> i don't consider cardinal o'connor nor or the pope extremist. larry: higher up than killing witches. honest to god. that is a joke. i won't say the author. katie past lick, he has tough issues. there will be a big separation between the house and the senate. he has big allies in the republican senate but not mitch mcconnell. how do you see the funding battle israel versus, essentially it is an omnibus spending bill what it is. >> what i like about the new speaker, introducing a concept, having a budget, paying for things you want to do, prioritizing spending no matter what it is. he is offering to take away some money from the irs spending putting it towards aid for israel. even the irs said all of the

money they got is too much of it but you're still now hearing from the white house president biden will reject any legislation that is stand alone funding for emergency israel aid. they want it to be coupled with ukraine aid. of course as you mentioned he is having trouble in the senate. he has got some tough negotiations to go and he is not going to be alone. house republicans will vote with him on these bills. we'll see if the president really decides to issue that veto threat. larry: joe concha, media read on this guy. as katie said, the left is coming after him now. i see the nitpicking articles, "daily beast," salon, all of that stuff, i said he should take that as a compliment. >> "daily beast" criticized him he has a mortgage and he doesn't own stocks. i think it is a good thing congress doesn't own stocks. like the pelosis for example, right. larry: okay. >> in interviews i've seen you are comfortable in his own skin. you can't teach that. this is somebody who got a lot of interviews before he became

house speaker out of nowhere. he did very well. every conversation i've seen him have so far, the fact he is concentrating on the pay force. joe biden and janet yellen says we can finance two wars and not cut one thing at home. that is not how it works. for the time-being at least 220 republicans in the house fully behind him. i never thought i would say that two weeks ago. larry: guns and butter was ruined by lbj, vietnam and the great society. we've had a little bit too much guns and butter in the recent years. guns and butter is out of fashion. people want to see budget cuts. 1.$6 trillion of bonds, deficits have ton financed in the section six months. he quoted that number. that's from a riff we had two nights ago or last night, i don't remember. 11% of gdp will be sold in the open market. i don't know who the hell is going to buy it. someone will buy it at much higher interest rates which we don't need. it is interesting, guns and

butter out of fashion. we've got to go. >> thanks, larry. professor larry. larry: i haven't had any company here in weeks after this thing. >> guns and butter. larry: joe concha, katie pavlich, mark simone, you're all absolutely fabulous. coming up, i have a memo, president biden memo, global anti-semitism is the problem, not something called islamophobia. we'll talk about that serious matter with professor alan dershowitz, harvard law, when "kudlow" returns. ♪.

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larry: so the global war on the jews, what "the wall street journal" editorial page called it, i think they're absolutely right. not something called

islamophobia. why doesn't president biden get this? anyway, let's ask professor alan-swifts, professor emeritus, harvard law school, the author of the threat to our constitution and rule of law. professor dershowitz, welcome back. they're setting up an inneragency group, national security council, the domestic policy council, i know all about this stuff when i ran the national economic council. it is about islamophobia. comprehensive this and that, protect muslims, okay, fine, where is the interagency group to protect jewish people who are in greater danger today? >> president biden wants to create kind of a moral sense of equality. he always talks about anti-semitism and in the same breadth talks about anti-islam and anti-arab attitudes on

college campuses. that is a myth there is no anti-arab or muslim attitudes on college campus. i don't know an incident of where member of hamas has been assaulted. it is all directed against jews. there is pro-is lame mick, pro-hamas, pro-arab attitudes on university campuses. they borrowed my title, i have another book coming out in another month called war against the jews. it was originally war against israel. it is clear this has become an international war against the jews. it is being waged by woke progressive, young people, modern-day version of hitler's youth. he started with students in munich. stalin came to power. the ayatollahs came to power as a result of students. we didn't do what some people said, they're only students. they're young, they're naive. no, students have caused some of the greatest bloodbaths in the

world and today the hitler youth on harvard's campus and on penn campus and campuses all over the world are turning on jews. we have to focus on that problem, not a nonexistent problem of islamophobia which is a made-up term. larry: i, alan, i thought, i read this, this working group, inner agency working group and it is an insult to jews. as you say with great clarity per usual it is jews who are under attack. this crazy kid from cornell, they did throw him in jail finally, he said he wanted to kill jews. kill jews. at the very least need an inneragency group to investigate these death thefts to these jewish kids. it is an insult what biden is doing here. i don't mean to be partisan politics. i know you're not going to vote for trump. that is not my intent. i'm just saying we are in a crisis and i don't think

joe biden understands it? >> i agree with you and i think it is not an insult to jews. it is an insult to all americans. what they're doing, biden is accusing americans of being anti-islam, anti-muslim, anti-arab, there is just no evidence of that. there was some of that after 9/11 but i haven't seen one single instance of it. they point to the fact some drunken landlord killed a 6-year-old person who happened to be a muslim. one case unrelated to the middle east issue probably, and they make that equivalent to what is going on college campuses. we're talking today about pervasive, anti-american, anti-christian, anti-semitic approach that devalues the fundamentals of judeo-christian tradition, western values, western tradition. it goes beyond israel. it goes to the entire woke takeover of universities today. larry: yes, sir. >> we -- some of the greatest universities in america, including my own. larry: yes, sir. thank you very much.

the great professor alan dershowitz. we appreciate it. hope the book comes out soon. we will work the book for you. i love selling good books. thank you, professor dershowitz. i will be back with my last word

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tonight -- he's a smart guy, analytic, good sense of humor and likes kudlow and he'll get stuff done. you wait and see