rally on a friday, especially since the disastrous and atrocious if attacks on israel starting october 7th. people haven't wanted to go in long the markets. how much could that affect the markets in the future, at least the near future, this war? >> sure. well, geopolitical concerns, obviously, can. we've seen times in history as terrible as a those events are, markets can do well. don't forget, liz, monday has his the to haveically been the -- historically been the best week this year, so, hey, tgim. monday's coming up. stocks like monday for whatever reason. liz: ryan, love arely to have you. there are the closing bell, and we end the week on a big rally here. big moves. northern transports, they too are seeing a 1.26 gain, but it's the nasdaq once again, big surprise here, nice move. ♪ david: hello, everyone, and welcome to a special edition of

"kudlow." i'm david asman, in for larry kudlow. israel is closing out its fourth week of war existence hamas terrorists as the idf inches closer to the gaza city where the bloodiest battles of this war are expected. and secretary of state antony blinken is back in israel today meeting with prime minister benjamin netanyahu, president isaac herzog and the country's war cabinet as president biden continues his push for a so-called humanitarian pause in gaza to get aid in and hostages out. as the administration says the word pause, it's still denying that means it supports a ceasefire. let's first bring in fox news correspondent lucas tomlinson for the very latest on the ground in israel. lucas. >> reporter: well, david, that's right. the american secretary of state, antony blinken, returned to israel with a message from the white house asking israel to consider these pauses in the war, to ease up on the war, what he called humanitarian pauses.

the israelis rejected him. >> -- to substantially and immediately increases the sustained flow of humanitarian assistance into gaza and getting american citizens and other foreign nationals out of gaza. we believe that each of these efforts would be facilitated by humanitarian pauses, by arrangements on the ground that increase security for civilians and permit a more effective and sustained delivery of humanitarian assistance. with regard to the humanitarian pauses, again, we see this as a way of further facilitating the ability to get assistance in. >> reporter: that was a lot of pauses there, david. following meetings, netanyahu says his forces will continue attacking hamas in gaza with the, quote, full force until all 241 hostages are released which includes, of course, up to the 10 americans as well. a spokeswoman for the prime minister later told fox min

calling for a ceasefire is taking a, quote, pro-hamas position. bibi also warned if hezbollah enters the war, it will, quote, pay dearly. just a few miles from where i'm standing, israeli forces continue their push deeper into the territory. israel's top general says his forces have entered gaza city and now have it surrounded. another division is attacking from the east and has reach the mediterranean sea, severing the palestinian territory in two. a short time ago, david, israeli forces say they located a stash the of hamas intelligence, operational maps, communications devices as you can see here and command and control tables. now, parts of the vast tunnel network under gaza have also been discovered by israeli forces. keep in mind, david, it's estimated that these tables -- excuse me, these tunnels cover some 300 miles underground. and last night israeli nighter jets kill a hamas battalion commander inside gaza, and

offshore naval forces hit forward air controllers to the destroy buildings occupy hamas including snipers, anti-tank missile teams. and far offshore in the mediterranean, for the first time the uss eisenhower and ford carrier strike groups linked up in the mediterranean. ike will go to the sue suez to take station in waters closer to iran. just a few miles from the border, gaza city is about 7 miles that way into the heart of the war. we've heard a number of israeli artillery rounds, also illumination rounds, and a few rockets have been fired this -- from gaza this evening, david. david: lucas, just after the october 7th massacre, the president made some statements that were very pro-israel. he's been pro-israel, so much so that the left of his party doesn't particularly like his stance on that. but with all this pause talk, are israelis beginning to sour a

little on the president, or are they still support him 100%? >> reporter: well, david, the prime minister is very resolute, there will be no ceasefire -- david: but i'm talking about the pause. forgive me, lucas, i'm talking about the pause, not a ceasefire. >> reporter: i don't think they see much of a difference, david, to be quite frank. prosecute prime minister's office all the way -- from the prime minister's office all the way down, they see any pause if as helping hamas. there will be no pause because any pause gives hamas time to rearm, gives them time to prepare their defenses. the israeli forces just a few miles behind me want to the keep hamas on the defensive and annihilate them and in the give them any pause. it's full throttle, david. david: well, that explosion was proof of what you were saying there. lucas, please stay safe -- >> reporter: it's a little noisy. david: we really mean it. thank you very much. appreciate it. lucas tomlinson. for more on this, let's bring in

general anthony tata, retired u.s. army brigadier general and former acting undersecretary of defense. general, wonderful to see you again. so let's talk about this pause for a second because, clearly, there's a political angle to all this. the president and democrats in the white house are worried that they're lost a lot -- they've lost a lott of people on the left of their party, 11% of defectors now from the president's stance on israel because it's been so strong. what do you think of a pause? as we just heard from lucas, israelis don't see any difference between a pause and a ceasefire. do you? >> no, no. [laughter] great to be with you. there is no difference. momentum has a property all its own. the israelis have momentum. they have a great plan, it appears as i'm watching it unfold. and, you know, if you're not getting ahead, you're falling behind. if you're not on offense, you're on defense. all of those facts ea apply

here. and what we see is this talk of a pause or whatever you want to call it is really the administration. >> a craven -- in a craven way talking the their base, right? they don't want to lose the muslim vote is and dearborn, michigan, virginia, pennsylvania, north carolina. they all have three of the top muslim populations in the country, and they're battleground state states it's all domestic politics. this president, this administration will forsake allies to try to stay in power. david: yeah. >> and that's what's happening here. and so the israeli plan, they should pedal to the metal. when you have this kind of momentum, you force the enemy to the talk, you're able to get better intelligence, you're able to the act within their decision cycle, and you're able to defeat them and destroy them that much more quickly. pausing eliminates your ability to keep that pressure on. david: we've seen some pauses,

of course, in world war i and world war ii, but this is a different kind of warfare where the enemy is using civilians as cover, literally working in hospitals in order to the i avoid or perhaps in order to cause sometimes civilian damage and deaths in order to push their cause. so it works in their favor. a pause would just give them more time, as you say, just when the momentum is going against them. let me ask you about another cat and mouse game, if you can refer to the president's pause actions as cat and mouse, which is what hezbollah's doing now. we had the leader of hezbollah in beirut talking about what his plans might or might not be. let me just play a portion of that and get your reaction. roll tape. >> translator: what is faking place on the lebanese -- taking place on the lebanese front is very porn. it may seem -- very important. it may seem to some who may expect or demand hezbollah to

quickly enter into a comprehensive war with the enemy, many believe that what is taking place is modest. if we look at it objectively, however, you will sees the very important, it has great influence. it, however, would not -- david: all right. it was cut off, but what he went on to say is we will not be limited to the this, suggesting there may be more coming. what do you think hezbollah is waiting for? they have this huge armament, very sophisticated missiles, more is than hamas, a bigger amount, number of troops who are perhaps better trained. what are hay wait waiting for? -- they waiting for? >> yeah, david, i think there's some brinksmanship going on here. none of these people act without iran telling them what to do. hezbollah's play so far has been

to fix military dock trial terms, fix forces in the north, israeli forces, keep them there, prevent them from repositioning in the south so that they can mass even greater in the south to take care of the threat in the south. so hezbollah has to be a credible threat in the north so that israel has to keep forces up there. so i'd say that's hezbollah's job number one right now. i think there's a brinksmanship going on to the see what kind of mettle this administration has and what kind of mettle the idf has if they were to cross the border. ish s df is very capable -- idf is very capable. i've been in the tunnels on the israeli side just north of gaza. so all of that, to me, is just more attempting the pressure israel -- to pressure israel. david: but i'm just wondering to what extent, if any, the american forces -- and we have a pretty good force off the coast of the mediterranean right now

bearing right down on lebanon, and a lot of americans, we should say, are concerned, 844% by a poll -- 84% are worried about getting sucked into this war. we've had it with middle eastern wars. is that possible? because we are so close, that we could get sucked in here. >> yeah. i think, you know, deterrence, which is the main goal of the forces that we have in the med, the red sea, you know, the persian gulf headed there, deterring iran, deterring hezbollah to help separate these strategic and operational threats from the israel so that they can focus on the few true fight in the south, that's job number one of the military right now. david: yeah. >> but to be a credible deterrent, you've got to -- they've got to believe that you're actually going to do something. david: i understand. >> so that's the fine line that our troops are walking. a. david: you know, i have to just say i come from a military

family. we have skin in the game. ask and a lot of us are worried. we saw what happened with that horrible afghanistan withdrawal, and there are questions that we've had for a long time about this commander in chief. it's not that we're isolationist, it's just that we're concerned about getting our people involved in another war. is that a legitimate concern? >> it's a very legitimate concern. i'm concerned about it. nobody hates more than a a war more than those that have been involved in it. so i think there is a very fine line we're walking. we've got to provide this deterrent threat. i think that is -- david: yes. >> -- within the u.s.' vital a interests, so you back everything down from there. u.s. vital interests is reasonable stability in the middle east, keep the flow of oil going to fuel the economy of the world and protect our allies, particularly israel. so those are our interests, and

our military is geared toward helping deter threats from those interests. david: right, right. and, certainly, appeasement doesn't work. we saw what happened with iran and our appeasement policies. >> no. david: that led us to this disaster, and that a -- >> well, david, that's a great point. we had maximum pressure on iran. they were crumbling. and this administration if came in and eliminated that, let them sell their oil, billions of dollars, gave them $6 billion for, quote-unquote, humanitarian aid, and that appeasement versus maximum pressure, it's the same thing they want israel to do in gauze. -- gaza. and they shouldn't do it. david: general anthony tata, great to see you, sir. thank you for being here, appreciate it. and coming up, job growth is slowing down, and that's not surprising, but there is something off about these numbers. we're doing to be asking the great art laffer if our nation's

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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. david: u.s. job growth continued to cool in october. after you factored in downward revisions, and we saw a lot of that, we are seeing just 49,000 new jobs. but the president keeps saying bidenomics is working like a charm. our own ed edward lawrence is live at the white house with dedetailses. >> reporter: and today the acting labor secretary says these numbers do not indicate that we're close to the a recess. but there is some weakness many in these numbers. in fact, manufacturing lost 35,000 jobs in october. now, most of that is because of the uaw strike, but still creating just 150,000 jobs

overall. that matches what the administration is saying they claim is sable, steady growth -- stable, steady growth. government hired more jobs than any other sector except health care. 51,000 people got state and federal government jobs in october. over the past 12 months, the government has been one of the largest employers hiring an average of 50,000 people per month. so i wanted to know this from the acting labor secretary. listen. but it's government as one of the biggest employers, isn't that why we have to raise taxes, offed or, in order to keep sustaining this? >> all of these areas of growth, i think the, are positive signs that people who want job jobs are getting them, and the pact that they're good, middle class jobs is something else that is really important under bidenomics. >> reporter: no mention of how to keep paying for the salaries or pensions of these government jobs. when i pressed julie su.

>> the fact is, despite a lot of happy talk from d.c., most americans are struggling. their portfolios are struggling despite the rally today the, and by and large the fundamentals for the economy are not strong. >> reporter: and the next inflation report comes out on november 14, november 14th. it's been ted over the it's past three months, but we'll have to see if it actually comes down or goes back up. we'll find out. back to you with. david: people aren't feeling it. that's what jonathan was getting at, people just aren't feeling good about this economy, and we'll go into that with our next guest. edward lawrence, thank you very much. for more, let's bring in art laffer, former reagan economist, presidential med aal of freedom recipient, godfather and many other things, the most successful economic policies of the 20th and the 21st centuries. he's also, by the way, author of "taxes have consequences." but you do span two ventlies --

centuries, you realize that, art. [laughter] for a 40-year-old man, i don't know how you did it. it's extraordinary. [laughter] let's go into these numbers and the revisions. what gets me are these downward revisions again. e.j. antoni is a great guy, he's put together a look, a bar graph of these downward revisions. folks are beginning to wonder if these numbers are cooked like you get in mexico or china. [laughter] >> yeah, you going to show it? yeah. david: we did. we showed it already. >> oh, you did. okay. please forgive me. yeah, the revisions are huge this month, i guess the last two months hay revised down a little over 100,000 jobs which is a major revision. the one thing i'm worried about, david, is the household survey versus the establishment survey. the household survey shows a very sharp drop in employment. and that's very worrisome. and there's another little

worrisome hinge that wages, while hay grew, they brew by less this month than they have -- grew by less this month than they have over the past six or seven months. so wage growth is not catching up to these numbers dropping, and that's where we are. when you talk about the deficit coming on of $1.6 trillion and more government jobs and all that, it is a disconcerting picture. but it is the only one month. but one thing that's really great today, david, the stock market this week is going to be gangbusters. david: i know, i know. because hay think -- >> i love that. david: yeah, but for the wrong reason. it's because they think the economy is slowing down, and that's what the fed wants. they don't believe as you and i and and all supply-siders do that you can lower inflation by increasing growth. you don't have to kill in order to get a good economy. >> no, you don't. but i still enjoy a good stock market. it makes me smile and feel happy and all of that. you know, the idea that interest rates will never go up again, i

don't think it's well founded. david: right. >> i don't know which way they're going to go, but i do think that the interest rates in the range they are now are not necessarily highs for the year and for the next decade. david: interesting. >> you know, if you remember when we took office on january 20th, 1981, the prime interest rate in this wonderful country of ours was 21.5%. and i think the 10-year bond yield got over 10, so i would not bet the whole farm on interest rates never going up again. i think that would be a mistake. they may not, but i think it would be a mistake betting against it. david: well, particularly when you have the fed over the next six months -- excuse me, the treasury trying to sell $1.6 trillion of bonds when fed is cutting back on its bonds. i mean, the only way they're going to sell that many bonds is by raising rates, right? >> yeah. i think so. i mean, if they sell bonds, the price of the bonds goes down, and if the price of bonds go down, that means rates go up. and i think we have a very skimpy amount of bonds,

relatively speaking, a limited number of bonds that are long-term government bonds. so if you start doing those long-term government bonds, if they were to do that, that would send the 10-year up substantially. you know, do you remember everett dirksen, david? david: sure. he had a great voice. >> he had a great voice. jim baker, baker's father-in-law, and he said a billion here, a billion there, you know, soon it adds up to real money. i'm going to give a modern day version of that, a trillion here, a trillion there, sooner or later it adds up to the real money, david. david: you've got to factor that in. >> it's amazing, how we're goin- david: you mentioned the household job numbers, and -- >> very different. david: it was amazing, 348,000 job loss -- >> that's right. david: -- compared to the 15 a 0,000-job gain in the payroll numbers. >> yes, thank you. david: why is that? and are the two eventually going to merge?

>> yeah, i think they do merge, but it takes a long time. and this type of discrepancy on a month to month basis is not unheard of by any means. but this is a very, very large discrepancy on this month. i mean, 150 plus versus 3448, that's -- 348, that's 500,000 job differential between the two which is very large even for these numbers. one is the household survey where you ask the household how many people are employed and then you ask the establishment employment, and the difference can be some people hold two, three jobs, and that can account for some of the differences in this. david: right. >> but it's hard to imagine that being the full difference. i think you've just got a statistical quirk here. but it may be something more serious than that, and if it is, it's quite worrisome. david: well, what's really worrisome is that we have the double punch of a slowing economy and this continued sticky inflation that we have. it's the one-two punch. of course, a lot of the politicians and the fed

chairman, they don't see it because they don't shop every week. they have drivers, they don't have to worry about pumping gases into their own car, but americans can see it, and that's why they hate bidenomics. you remember the great days when we turned things around both with reagan and trump -- >> yes, true. a. david: -- where we increased incentives by lowering taxes and regulations. that increased economic activity, and everything was rolling. is there any chance that we could do it with this democrat president? you've worked with democrats before, but this democrat president, do you think a republican speaker could work with this president to get something like that done? >> well, i think the republican speaker is very, very good, by the way. i'm really very impressed by him. he's so cool, calm, collected and looks so well put together, i think he can do a good job. it's difficult to work with this administration and especially in an election year because they're going to be campaigning, they're going to be doing all of that. what worries me most of all,

david, is the fed and the fed's thought process. they think that slowing the economy down brings down inflation and brings down interest rates. that's not really true. it's just the reverse is true. if you have a bumper crop in goods and services, if you have a huge increase in goods and services and the same amount of money, the price is going to fall, not rise. you know? if you have a recession, a depression, a contraction of goods and services, that's e when you get higher inflation. and that's where we are right now. i don't think this fed is doing the job correctly to bring with inflation under control. i just don't think they do, they really need to establish the soundness of the dollar, and hay just aren't doing that. david: you know, you explain it so simply. you have the facts of the past to prove that what you explain is right in the way it works. i just don't understand why they don't get it. i just -- [laughter] it amazings me that they -- amazes me that they don't get it. >> would you give me powell's telephone number? i'll just call him up and ask

him if i could come over and explain it. they don't want to believe it. powell has to the ask his staff what is good economics. paul volcker told his staff what was good economics. it's a very different model and level of competence at the fed, and it's it is worrisome, for sure. david: well, mens do get it. they understand -- americans do get it. >> i think they do. david: art, wonderful to see you. thank you so much for being here, my friend. >> you're a great friend, david. thanks very much for all, talk to you. david: much appreciated. coming up, speaker mike johnson's israel bill passed the house in a bipartisan vote, but president biden and senate leadership say it's all dead on arrival, so what happens next? we're going to be asking former speaker of the house newt gingrich. also with the southern border wide open, president biden just wants more and more money for his already failed catch and release agenda. we're going to be talking about it with senator ron johnson when "kudlow" continues. ♪ ♪

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♪ ♪ david: well, after last night's bipartisan israel aid a package vote, what comes next for the new speaker? joins us is the last speaker of the house to actually balance the budget who, by the way, was working with a democrat president to do that, newt gingrich. author of "march to the majority: the real story of the republican revolution." mr. speaker, great to see you. thanks for being here. so speaker johnson, how do you think he's doing so far? >> well, i think he's had a very good opening couple weeks. he took two bold decisions, one to take the $106 billion package that biden sent up, which is really five different bills. i wrote a newsletter the other day outlining these are five totally different bills. he broke out israel, which is the midwest urgent. that was a big decision and will face huge hostility from democrats in the senate and the white house.

and then second, he did something which i think overdo, he said we're going to -- overdue, he said we're going to actually pay for it. he found an offset with irs money. there's, like, $86 billion in this pool of money. he's taking $14.5 out to pay for this. that, of course, offends everybody in washington -- david: right. >> -- who believes in big government and massive spending. but i think it's the right fight. now, the challenge is going to be the can he now comfortably just relax, they've done their job, the house has passed a bill, they provided aid for israel, they've done it in a fiscally responsible manner and say to the senate, you can send us whatever you want, this is the bill we're going to stand by. and if you want aid for israel quickly, this is the bill you're going to accept. david: it's not just republicans in the senate though that might be working against him. what about the leader of the republican party in the senate, speaker mcconnell?

is he going to give them any trouble? i mean, when you were speaker, i guess there were times when you probably had trouble with your counterpart in the senate, right? >> in the much because we had bob dole who was running for president -- david: that's true. >> -- and, this far, wanted to work with us. and then when he stepped down, trent lott, who was an old friend if, became the leader. so western able to pretty -- we were able to pretty well coordinate. part of what's going on here, i think, is a generation ration -- generational shift. mitch mcconnell, remarkably effective leader, longest serving leader in the history of the senate, represents a world where he has kept writing blank checks and the debt kept going up and where if you're a leader, you want the biggest possible bill because that lets you put more goodies inside it. well, as a conservative, i'm opposed to both of those principles. i see no reason why -- and i'm very strongly for aid to ukraine

because we cannot afford to allow russia to win. if russia wins in ukraine, we will face a much bigger war in western europe -- david: but now is the time for a single-issue bill, and that's why speaker johnson was so right many focusing in on that without having -- and, for goodness sakes, they had a so-called border or security bill that wouldn't do anything to secure the border. so the break all that stuff out, i could use another word, and focus on israel seemed to be the right thing. the question is whether the president will veto it and what happens then. >> well, i also think you've got the reality that the next thing that speaker johnson should do is bring up a ukraine bill with, have an offset. you know, you have a $6,200,000 ,000 budget. if you can't find 1% which is all you need to take care of ukraine, then you're not very serious about helping ukraine.

this idea that we're just going to keep writing blank checks, keep having the debt go up every year, keep having interest on the debt which will now be bigger than the defense budget, this is a moment to draw a line in the sand and stand there the. and i do think he ought to bring up aid to ukraine. i do think stopping russians are is a long-term, historic necessity. and, by the way, if to you look at the what the russians were doing in a lot of those places, they were at least as vicious as the hamas terrorists. more people have been brutally killed by the russians than were killed on october 7th by hamas, and it's just the fact you don't have as many televisions there, as much video. but what the russians have been doing is as barbaric -- david: well, they have a history. newt, very quickly because we're running out of time, but i've got to ask you about what's happening in our universities specifically with the anti-semitism that's growing there at our most elite university with, at harvard, at

columbia, at a yale. at these -- in harvard you just had an incident where a jewish student was surrounded by anti-israel protesters, one of whom was an editor of the harvard law review. now bill ackman wants him suspended from that position, but what do you make of all of this? >> well, we have lost a fight for the education system. and so you have a generation that's growing up brainwashing washed -- brainwashed, and they're believing things that aren't true. when you have somebody telling you that killing 40 babies including cutting their heads off is not really an act of terrorism, you have people who are seriously out of touch with the real world. and i think it means we ought to have a very serious effort on two fronts. one, taking on terrorism head on, making it illegal to support and help terrorists and, two, really re-examining the entire university or structure

potentially including repealing their tax break. why would we give harvard a tax break if it has $40 billion in its endowment and it's dominated by left-wingers who hate america? david: newt gingrich, former speaker of the house, great to see you. appreciate you coming in. >> good to see you. david: switching gears to our southern border and the ongoing investigation of biden family's influence peddling, joining me now is wisconsin senator ron johnson, member of senate finance, senate budget and homeland security committee. thank you for being here, appreciate it. you know, i could ask you about the details of how it affects the economy and law and order in various cities, but we've been through that. the key question now, right now, is national security. as person who's on the committee of homeland security, to what extent does our open border put us all at risk of another terror attack? >> well, david, it is the greatest threat to our homeland security that i can think of

right now. it was infuriating when we had secretary mayorkas in front of our chief this week, he wouldn't answer a simple question when i asked how many people has this administration let in. he just, he wouldn't answer the question. i asked him where'd they all go? where are they? but what people really need to understand in the approximately 6 million -- it could be as high as 8, but 6 million's a conservative number, the number of people who have been let in, come into this country illegally since the start of the biden administration, 1.7 million are what they refer to as known gotaways. now, we don't know who these people are, we just detect them coming across. . 7 million people. -- 1.7 million people. now, we've encountered 73,000 special interest aliens. these are generally men of military age coming from countries or that are adversarial to us. 169 people have been encountered on the terror watch list. so so out of the 1.7 million people that we we just detect coming in, do you think there

might be a bad person or two? you've got hamas calling for day, weeks, months of rage, could we have sleeper cells? we couldn't quite get the director of the fbi to say that the open border really complicates his job, but it's obvious. the open border is making this nation -- david: but he won't, i mean, it's extraordinary. you have oversight responsibilities, and he has responsibilities to answer to congress because of their oversight responsibilities. he's not doing it. he's flagrantly, right in your face not answering the specific questions he's supposed to about the numbers and the kinds of people who are coming in. we've asked this before, but why hasn't that guy faced consequences for not doing his constitutional duty and answering your questions? >> listen, i would like to see the household -- house hold impeachment proceedings against secretary mayorkas, no caught about it. but his arrogance is simply

infuriating. the problem is administration after administration has recognized that congress doesn't have much in terms of enforcement powers, so they are insulating themselves from congressional oversight. more importantly, public scrutiny. david: yeah. >> they need to the answer to congress, but they need to answer to the american public, and they're not doing so. david: i want to switch. to joe biden. there's questions about whether the new speaker will move things forward on impeachment, but larry kudlow had representative comer on who's chairman of the oversight committee who's looking into the details about joe's connection which, of course, he denied forever with his family's business. of course, it was the influence peddling, that's the only reason they were getting these hundreds of thousands, millions of dollars from if these foreign companies, was because of their relationship to joe biden. i just want to play a little bit of mr. comer who was on with larry kudlow last night. roll tape. >> 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, if you go back to the laptop, larry, this particular deal was the deal joe biden was supposed to be involved in, and he was supposed to have a 10% ownership stake in. david so, senator johnson, for how many months were we hearing there's no evidence we have not only showed the evidence now, but you have connected the doss between joe -- dots between joe biden and the money that his family was getting from places like china. >> 10% for the big guy. sounds pretty incriminating, doesn't it? senator brassily and i, we laid out all the inflows, tens of millions of dollars coming into this labyrinth of companies designed to launder money. now chairman comer and chairman jordan are doing a great job in filling in the pieces of the

fuzzing. it's looking pretty -- puzzle. it was obvious back in december of 20 to -- 2020. will the mainstream media start reporting on this? i doubt it. i think most americans are really taking look at this and realize we have a president who is corrupt, who has profited off his family name, his position in government. he should be impeached. david: we won't stop reporting it. senator vonson, thank you for being here, appreciate it. of. coming up, could the united states have avoided tensions abroad if we had remained energy independent? alaska senator dan sullivan, who has tons of oil and gas that the biden administration won't let alaskans touch, he joins me next on set to weigh in. ♪

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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. david: so would the u.s. if be in the mess we're many now with russia in the ukraine and iran in the mideast if we had remained energy independent? and oil was raiding at a $40 a barrel level? let's ask alaska senator dan sullivan. senator, great to see you. >> always great to be on the show. david: we now have the biden administration bragging about the fact that they're up to is 13 million barrels a day of domestic production and a little

bit more than we had in the pre-pandemic era, the last of the times when we were up at 13 million. do they have any bragging rights at all for bringing it up to that level? >> zero, zero. because, as you know, a lot of it is on private land, right in and one of our great strategic assets we have in america is our energy, is our natural resources. my state, the great sate of alaska, has so many, and as you know from day one administration has tried to hut down the production of american energy on federal lands. they've gone to wall street and all the financial communities and say don't invest in american energy. they're literally doing that. they're stopping with regard to infrastructure, killing pipelines. and so what happens when we see the price going up which is, of course, the result of their policies, they go overseas and beg foreign dictators for more oil. you saw what just happened with venezuela -- david: or even worse, allow our enemy like iran to the produce

more. >> is 100%. they loosened the sanctions after the trump administration crushed the iranian economy. you know, the number i saw 4 billion in foreign reserves at the end end of the trump administration which as you know, david, is not a lot for an entire country. i think now iran has 80 billion in foreign reserves. what are they doing with that? they're funding terrorism. and then you saw this very recently, they lifted sanctions on venezuela, another terrorist regime, in exchange for a promise from the venezuelans to the hold elections in the future. a. david: by the way, our oil and gas burns a lot cleaner than venezuelan oil and gas. >> 100%. the estimates are alaska versus venezuela, 20 the times cleaner. but they just reneged on that promise within two weeks, it's unbelievable. david: i know. so now we're pumping a little over 13 million barrels a day. how much more could it be if we hadn't had the war on fossil

fuels over the past two and a half years? >> could be a heck of a lot more. david: like, what, 15, 16 million? >> i think easily. look at what they've done in alaska. again, they have been going after federal lands. unfortunately, my state has a lot of federal lands under production. but what they're been doing is they've been going correctly against the will of the congress. we got legislation during the trump administration to open an war, the -- anwr with that mandate two lease sales. they just essentially said we're not doing it. a. david: so they were breaking the law. >> 100% breaking the law. david: i mean, it was in a law that was signed by the presiden- >> with the9 word shall, right? that's usually an unambiguous term in the legal world. dade they'd by the way, they just broke another part of that law in cutting off oil production in the gulf. the gulf of mexico, which mackenzie and company says could be producing 2 million barrels a day hand it is now. -- than it

is now. >> absolutely. again, one of our great strategic strengths as a country, and they've been undermining it since day one. and this is jobs, this is the environment because we have the highest standards in the world on energy production. and also something that undermines our alliances. david: very quickly, meanwhile, you have the failure of a lot of these green energy programs to produce. they're not producing the energy we need. >> and i think you're seeing the chickens come home to roost on all these. they're heavily subsidized, and a lot of these projects -- david: the wind, the solar, and they're having the same problem overseas, by the way, the u.k. and germany. >> 100%. david: and then again you have ford and all of the other u.s. car companies not being able to sell evs. so even if we had the energy, they wouldn't be selling the evs that they're supporting. >> and, again, what we need to be doing, critical minerals. my state has incredible amounts

of critical minerals, and they're shutting that that down as well. as well. david: senator, great to see you with.ne senatossr sullivan from alaska.h we'll beo right bark, stay with us. -- right back, stay with us. oh,e breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours.

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we thank you for watching this special edition, elizabeth macdonald is up next my old "wall street journal" buddy. >> that was a great show, good stuff. thank you so much. we got the sound, hamas says it will exploit any cease-fire, the whit