tv Kudlow FOX Business November 14, 2023 4:00pm-5:00pm EST
4:00 pm
we own nvidia. we own microsoft and we own google. i think a.i. is very important and i think it will be a big part ever our economy maybe five, 10 years from now but for now it's small parts of big companies. i think that the hype is perhaps a little bit ahead of itself except for places like nvidia where it will become a big part of that business. let's not get over our skis on a.i. liz: let's not get over other skis on nvidia or microsoft but right now microsoft looks like it is closing at a record high. how about nvidia, guys? yeah it looks like a record close for nvidia as well. [closing bell rings] liz: these numbers have to settle. we have a huge rally we're closing out with 500 points of dow. frank macdonald of fiserv tomorrow. "kudlow" coming next ♪ larry: welcome to "kudlow," i'm
4:01 pm
larry kudlow. so the big march for israel happening right now in washington, d.c., tens and tens thousands of people. let's get right to it with our great friend john roberts sew anchor of "america reports" on fox news. he is live in d.c. john, this thing quickly organized. i don't know how many people you've got down they're. lots of politicians. how do you read this? what is the significance? >> reporter: it was an extraordinary afternoon here in washington, d.c. we have tens of thousands of people. the park police may ultimately give a final count of number of people that came down. it was a massive rally on the washington mall. there was one moment where four members of congress, speaker johnson, hakeem jeffries, chuck schumer, joni ernst, republicans and democrats stood there and raised hands and raised their arms and held hands in a show of solidarity. how many times do you see that happening in washington, d.c.? then there was families of the
4:02 pm
hostages who were being held in israel were very, very compelling and one of them saying you can abhor the suffering of the palestinian people and abhor the suffering of families like mine as they live out each and every day not knowing what the fate of their loved ones are. so really was an extraordinary gathering here marked of course by the absolutely peaceful nature of it, in stark contrast to some of what we've seen across the country on the other side, larry. larry: for a change, pro-israel something or other. we had several weeks of basically anti-israel, anti-semitic kinds of marchs, demonstrations, politicians, all the rest of it. i don't want to throw i don't want to spoil it, i was watching, i couldn't watch all of it but was preparing for the show, talking about how senator schumer is how important it is. he is holding up vote on israel
4:03 pm
money because he wants to attach it to the ukrainian money which is another can of worms. i don't know if you have a thought on that. we have steve scalise coming in a few moments but you know, i'm glad, for israel totally but i just wish they give them their money, their ammunition, replenish the iron dome, this is very important to israel? >> yeah i mean there is no question there is and urgency to the money for israel but i've talked to republicans as well like mike waltz say you have to put ukraine money there too because we can't forget what is happening. israel is obviously in a very, very significant fight against hamas. it says it is an existential threat to some degree. that's probably the case but they're just feeling we cannot live day-to-day with the threat of another october theth. that is why they have to decapitate hamas but when you look what is going on in ukraine as well that is really an existential threat because if russia is allowed to roll over
4:04 pm
ukraine that get rids of democracy we know it there and it puts the rest of eastern europe and maybe parts of western europe at risk. both of those are very important. one final thought here, on the nature of the bipartisanship, what we saw here in washington, d.c., i really think we saw that demonstrated larry. just an hour ago on martha maccallum's show, marc thiessen, phillippe rhines, hillary clinton's right-hand man for so long on the same program at the same time in absolute agreement about what was going on today in washington. so what we saw today really has brought together both sides in a way that you know i kind of lament it could be the model for the way washington can work going forward. i know it is only temporary. i know it is only a moment in time but it was really something to see. larry: i'm all for it. john, can i raise one other point? >> sure.
4:05 pm
larry: david ignatius, respected columnist in "the washington post," predicting immediate announcement, like the next day or two, from a variety of sources, there will be a five-day cease-fire around some kind of a hamas-israel,-palestinian hostage swap. not all of the hostages. maybe 70 plus, women, children and a five-day cease-fire. are you hearing much about that? >> well, this is a deal being brokered with the participation of the united states through the qatari government which brokered a couple of the others who damage releases. it would be an extended pause, if you will. i don't think you want to call it a cease-fire, because a cease-fire connotes something different but it would be an extended pause to perhaps to allow women and children to be released from hamas custody, back into the hands of israel. the big question, larry, is, if you give hamas a five-daybreak,
4:06 pm
what does it have an opportunity to do in those five days? israel may have gaza city surrounded, it may have the al shifa hospital surrounded by the way an interesting development in that. the united states, john kirby, the defense department, both said united states intelligence independently confirmed hamas has been using hospitals including al schiff fa hospital for military purposes and to hold whose damages. that is an interesting acknowledgement. you may have this area surrounded but at the same time hamas is still firing rockets all over israel. if you give them a five-day pause, what does that give hamas an opportunity to do in there is also a real concern if you give hamas a pause, some of leadership may be able to escape, maybe try to go to southern gaza. israel would have to keep a tight ring on everything that is happening right now in the northern part of gaza if it were to allow a five-day pause to
4:07 pm
make sure that, or at least limit the possibility of any of that happening. larry: i think it is a surprising development if and when it occurs. >> it is. larry: it does run counter to what prime minister netanyahu has been saying but this is what the bidens seem to want and it looks like they will win this round. last one, john. unfreezing $10 billion of iranian assets, wow, in the middle of this, really? >> i was talking to mark dubowitz from the defense for democracies about this. he is in israel right now meeting with some of the israeli military leaders and political leaders and he said absolutely it is the wrong thing to do, particularly at this time. even though the state department is saying look, there is strict controls on this money. we never denied food to any country in the world, as we know, larry, money is fungible. larry: yes, sir. >> same way money held by south korea, transferred to qatar
4:08 pm
could be fungible. every dollar that iran does not have to spend on looking after humanitarian needs in its country it can spend somewhere else. so i think, i think there are people who are making a valid argument here that giving iran further access to cashing in foreign banks is going to end upbeating us in the you know where. larry: yes, sir,. >> and, and, not only that, but the very sharp irony that iranian proxies at the behest of iran continue to attack american interests and american forces in the region and yet the state department on the other hand is renewing these waivers to allow them access to foreign banks? that's not sitting well. larry: it is unbelievable. i'm sorry, it is just, it is, objectively unbelievable. by the way there will be a big outcry. i know you covered it with sandra. it is a terrible, terrible story. john roberts -- >> clearly, larry, smarter people than i are in charge over
4:09 pm
at the state department because i would think that doesn't make sense but somebody clearly does. larry: on that smarter than i point, are you sure, john? maybe we can talk. i don't know. john roberts, folks, the best of the best, honest to goodness. don't fear get catch john and his coanchor sandra smith on 1:00 p.m. eastern on fox news on "america reports." one of these nights we'll do 60 minutes with john roberts and leave it at that. on the business of the white is black, black is white. nothing you might ordinarily think in fact is true or in fact true or false with them. riddle me this, pent gone spokesperson was asked if iranian deterrents is working. 56 attacks on u.s. troops later she said yes. yes. that is 5attacks and growing sure it is working.
4:10 pm
regarding iran waivers to unfreeze $10 billion, state department spokesperson matter miller said there is no country in the world where we deny access to food and medicine, really? i have a country. how about iran? how about hamas, gaza, or any iranian terrorist proxies? i would deny them access to anything after they murdered 1400 people on october 7th and continue to murder innocent civilians. if team biden had an ounce of integrity, they wouldn't give iran or its proxies a wooden nickel. by the way just for the record the $10 billion of frozen money originally allowed iraq to import electricity and gas from iran. had nothing to do with food and medicine. now these frozen funds are in escrow account in baghdad and that is just where they should remain, probably forever. we're at war.
4:11 pm
war. even though the state department may not know it just like the $6 billion in frozen assets in the biden hostage deal, money is fungible as john roberts correctly said. you give iran any money it means they can spend a similar amount for their various nefarious terrorist, murdering purposes. somebody in the state department must have taken an economics course at some point in their lives. the bidens keep saying they're enforcing the iranian economic banking, business and energy sanctions but news reports are proliferating that china oil imports from iran, which now total about $40 billion at an annual rate are financing the terrorist war. in fact china oil imports from russia now totaling some $66 billion at an annual rate are financing the ukraine war. china is financing at least two
4:12 pm
wars against the united states. it's that simple. but the biden administration continues to deny it. the bidens haven't lifted one finger to enforce sanctions to interdict or impound an iranian oil tanker or sink a ship or bomb an oil field. both wars are aimed at the united states ultimately. so biden is going to meet with chinese president xi in san francisco tomorrow which governor newsom has cleaned up and prettied up for the occasion. i have will bet you biden never mentions china's war financing. they want to de-escalate, quote unquote, manage competition, quote, unquote without acknowledging that china is our adversary, our enemy? in fact team biden just welcomed russia to the pacific economic meeting. isn't that wonderful. let's all be friends with all of our enemies. with the bidens, black is white, white is black. yes is no, no is yes.
4:13 pm
just like the economy. the bidens are incapable of telling the truth. remember the president cut the budget deficit by 1.7 trillion. whereupon the liberal "washington post" awarded him a bottomless pinocchio. remember there was no inflation even though the level of consumer prices has risen nearly 18% during biden's tenure. remember he inherited a reeling economy even though trump handed him a 6 1/2% growth rate with less than 1 1/2% inflation. then take a listen to this doozy, just today. president biden: i've seen first-hand what the reports made clear, the devastating toll climate change and its existential threat to all of us is the ultimate threat to humanity, climate change. larry: really? look at him. however 1500 scientists recently wrote a letter saying there is no climate emergency and that includes four nobel prize winners. again, black is white, white is black. yes is no, no is yes.
4:14 pm
the bidens are incapable of telling the truth and worst of all, the bidens are appeasing our worst enemies and they are making the world an incredibly dangerous place. that's the bottom line. that's the part that's the toughest of all. that's my riff. all right. so let's bring in our great friend steve scalise, louisiana congressman, majority leader of the republicans in the house. steve scalise, first of all great to see you again. it has been a while. you look well sir. thank you for coming on. >> always great to be with you larry, even in these crazy times. larry: i'm afraid so. mr. majority leader, you have to stop this 10 billion in unfrozen assets that will go to iran. you have to stop it, sir. >> yeah. this is crazy. it's insanity and in fact thursday this week we'll have a vote on the house floor to block the $6 billion in transfers that joe biden wants to send to iran
4:15 pm
in that hostage swap. as you talked about earlier, think about this, iran is the largest state sponsor of terrorism. they are the funder of hamas. if you want to support israel in their war against hamas which we're all in for, why would you dare give iran a dime let alone six billion dollars, $10 billion? these sanctions being eased. that money will end up straight in the hands of ayatollah. go back to the 60 minutes interview. the ayatollah made it clear whatever money he gets he will use whatever purposes he wants including funding terrorism. why would you give him a dime? we need to cut off oil exports. right now they're allowing -- it is easier to produce and send oil made in iran around the world than to make it in america. biden is making it harder to produce energy in america. we talk about this paul the time. why we need hr.1 but energy production in america is harder than making energy in iran because of biden's policies.
4:16 pm
that emboldens iran and gives them more money to fund terrorism. this is insanity. larry: steve scalise, on that 6 billion-dollar vote, i wasn't aware of it, can you amend it, put 10 billion in there too? do a whole wrap it up in the 10 billion, $16 billion? you have to make a point because the bidens are playing fast and lose with the truth and they're actually helping our enemy which is iran. is there something you can do on the floor to amend this, to include 16 billion? by the way i would say put the sanctions in too because they're letting that go and china imports of oil is financing this damn war but just on these frozen and unfrozen assets is there something you can do to bundle the two together? >> right. we passed sanctions a couple weeks ago but on this vote coming up thursday we just found out there this morning on the $10 billion in sanctions. obviously we're looking at that. but we already passed last week out of committee the bill on the
4:17 pm
six billion dollars and that's money this president biden negotiated months ago on a hostage swap that everybody said was a horrible deal. again this was before the attacks on israel where biden was already playing footsie with iran. after the attacks on israel everybody said you shouldn't give them the money and biden is still reluctant to do it. watch the vote on this. all of america will watch the vote. democrats in the committee were split on this vote. every republican and democrat should vote no on this bill, but because they're using money to fund attacks against israel. we'll look at the 10 billion. that just popped up today. but the six billion will be coming up for a vote on the floor. larry: today is tuesday. bring thursday you will want to bundle then both together. america will be outraged absolutely outraged.
4:18 pm
1400 people killed and we're unfreezing money to iran. this has nothing to do with food and medicine. goes back to iraqi electricity. it is a lot of crap. they have will not tell the truth about anything. last one, steve scalise, speaker mike johnson, he's got, i'm going to call it a semiclever plan, two steps continuing resolution. it is semiclever. my question to you, sir is it going to pass and will we avoid a government shutdown? >> it will pass and the biggest thing on this, larry, it breaks the paradigm we get the christmas eve omnibus bills. i hate omnibus bills. nobody reads them. they're dumped 3,000 pages before the night to vote. it has all kinds of garbage in it, if we vote against it doesn't matter, the bill is pad. it has all kinds of things we find out about it. we have to stop the speaker.
4:19 pm
negotiated pushing into january. have a fight over border security in january. meantime start working on more appropriations bills that we have already passed through the house that control spending that address some radical regulations that the biden administration has imposed on the country that are crushing jobs, raising costs own families. let's have that negotiation in the meantime and in january we're going to have a fight over getting our border secure which needs to happen. larry: yes, sir. steve scalise, god bless. you look great. you sound great. thank you ever so much for coming on the show. appreciate it, sir. >> bless you. good to be with you as always, larry. larry: take care. coming up here on "kudlow," what happens with a five-day cease-fire hostage deal? aaron cohen will tell us when "kudlow" returns. we're all about getting hostages back. don't know about five days. it is a little bit different than what we heard 24 hours ago but we'll learn much more. stay with us right here and stop
4:20 pm
4:21 pm
my name's dan and i live here in san antonio, texas. my wife magda and i have been married for 39 years. about three or four years ago, i wasn't feeling as if i was as sharp as i used to be. i wanted to try something that was over-the-counter. i saw the prevagen commercials. after a short amount of time taking prevagen, i started noticing a difference-- that i'm remembering this, i'm remembering that. i stopped taking prevagen and i found myself slacking back so i jumped right back on it. i feel as if it's brought me back to the good 'ol days. prevagen. at stores everywhere without a prescription.
4:22 pm
somebody would ask her something and she would just walk right past them, (laughs). she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i could hear everything. unlock our best deal of the year during the miracle-ear black friday sale. call 1-800-miracle now.
4:23 pm
4:24 pm
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. 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.
4:25 pm
♪. larry: all right, so as we talked about earlier in the show, big news today. "washington post," david ignatius, good columnist what happens with a five-day cease-fire hostage deal if in fact that's coming and it sure looks like it is coming? let's bring in our good friend aaron cohen, former israeli counterterrorism veteran. all gh aaron, i don't think, look, i'm all for the hostage deal but, five day cease-fire, which seems to be part of this, maybe you can shed some light on it, it just doesn't sound like a fabulous thing to me? >> well, larry we talked about this before but i want to take us back to 35 days ago when you
4:26 pm
and i first sat down. i told you israel didn't invent counterterrorism but they perfected it, and what you're seeing right now is the complete dismantling of all the hamas leadership and hamas is getting desperate. they're asking for time. they need it. their leadership has been completely decapitated, larry. there are skirmishes happening under ground in those tunnels as we speak. the military and police hq in gaza has been taken by israel. the entire tunnel system has been mapped. hundreds of command-and-control terrorists have been killed including their number two and numb they are threes and desperation is starting to reek. what hamas is doing right now leaning into the prop grand today we've seen. most of that propaganda is nonsense. a lot of it is prerecorded. it is filmed hollywood style, put out to the media. certain elements of the media are biting and the media is getting desperate too. but at the end of the day hamas
4:27 pm
they need this conflict. it's part of the palestinian national identity. the reason why i'm leaning into that a little bit, larry, is because, when you have been around the intelligence community, larry, as long as i have, you start to get a very good sense of psychology and behavior and how those two relate when it comes to countier terrorism operations. hamas is being decapitated, larry. that is what is happening. larry: i understand. the annihilation mission is on course. you tutored me and it is on course. and but, but, but we were talking with john roberts about this issue. prime minister netanyahu seemed to be against -- five days, originally was a three-day ceasefire for hostages now it is five-day. the question i'm asking you, aaron, i know hamas isn't winning they're getting clobbered, doesn't give them breathing room, resupply room,
4:28 pm
maybe exit room, maybe they will cut and run room? i'm just concerned, at all, israel has been as far -- forcee u.s. government that israel really doesn't want to do in military terms? >> i agree with you 100%, i agree with john 100%. i will say this, when it comes to this type of operation what you're seeing now, not everything is what it seems. the u.s., you and i talked about this biden will talk, he will pander say what he needs to say to pander to the international community at the end of day israeli operation, israeli led mission, all pieces of it. not everything is what is seems. time is not just a friend for hamas to reload the supplies. we have the supply tunnels completely covered. in fact we know hamas is moving to the south of gaza because they're forced to at this point. there are several hundred, if
4:29 pm
not a couple thousand hamas terrorists running around with no military leaders. their hides are cut off. at this point in time it is clean-up and main maintenance. when it comes to cease-fires longer than the typical humanitarian pauses we've seen for humanitarian efforts where israel has been providing close protection to the palestinians, to the enemy, to their civilians and helping them get safely to the south of gaza because the palestinians matter to us, not everything is as it seems and remember that at the end of the day that time is a friend to israel as well. and to me that rings the hostage bell, where they're at, more planning, more potential preparation for those units. all of those are good pieces. as far as five-day cease-fire if it does happen, remember there are other pieces that are layered in there. just keep that in mind. not getting into too much of the skin my of it but you know what i'm saying. larry: i just, look you are a
4:30 pm
prince, aaron cohen. you've taught us a lot. >> appreciate you. larry: the point is these politicians meddling in a life and death annihilation mission and i don't like it one damn bit and that's why i'm raising the issue but i hear you. i don't think it would have been my favorite option but i'm not on the front lines here and i'm not the experienced guy. you are, and the prime minister -- >> larry, we say, we say in my unit -- speaking jewish ♪. translated by way of deception. larry: i like deception by the way. i practiced some of it myself down through the years. i will say this, i had the economic minister on last night. he was fabulous, absolutely fabulous. prince aaron cohen helping us out again as he always done. >> appreciate you. larry: coming up next on "kudlow." inflation is down, stocks up big today. is it all for real? i don't know.
4:31 pm
the kudlow trust did okay. plus when will president biden understand china is our enemy, they are our adversary. they are not our ally. it isn't friendly competition at all. we will talk with former trump trade rep robert lighthizer. and then, get this one, get this, joe biden's open border is going to cost taxpayers $450 billion a year. what are we going to do about that one? we will have former trump official steve miller who knows all about immigration and its pitfalls and all of that when "kudlow" returns.on ♪. e ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
4:33 pm
and doug says, “you can customize and save hundreds on car insurance with liberty mutual.” he hits his mark —center stage— and is crushed by a baby grand piano. are you replacing me? with this guy? customize and save with liberty bibberty. he doesn't even have a mustache! oh, look! a bibu. [limu emu squawks.] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
4:36 pm
4:37 pm
stocks soaring today. labor department reported prices were flat month to month, year-over-year prices rose. ex-food and energy higher by .2 in october and 4% year-over-year. the numbers taking investors by surprise, all three market national rally mode. the dow ending up higher by 489 points. s&p 500 rising 84. nasdaq out of correction territory with a game of 326 points, what a performance. meanwhile treasury yields cratering. wall street betting that the federal reserve raid hike cycle is over. 10 year-year-old is dropping well below 4.5% but the devil is in the details. the experts showing a decline in always volatile energy prices. gas was down 5%. on the other side shelter prices continuing higher. rents were .3 of a percent
4:38 pm
higher. bred prices falling 22%, butter and milk falling but some grocery prices remain sticky. ground beef, this is important, up a staggering 79%. for workers real wages continue to decrease since the month biden came into office real wages are down 3.3%. larry, back to you. larry: that is a key point. that last one is very important. the other thing i learned today from gerri willis, eat eggs, not meat. anyway, thank you so much, gerri. now let's turn to china. the big meet something wednesday tomorrow in san francisco. i don't know why the bidens don't understand china is not our friend, they are not other ally, they are our adversary and our enemy. joining me is robert lighthizer, the brilliant former u.s. trade rep during the trump administration and author of, no trade is free. changing course, taking on china and helping america's workers.
4:39 pm
bob lighthizer welcome to the show my friend, as always. you know, china is financing through oil imports as you well know, china is financing two wars, the iranian war against israel and the united states and the russian war against ukraine and the united states, point number one. point number two, i haven't heard a thing about tougher trade policy, okay? and point number three, they keep talking about managing competition. what does that mean, managing friendly competition. that is not the game, bob lighthizer? >> no, it sure isn't, larry. as one of your other guests said we live in scary times. look at the, we face probably the biggest geopolitical and economic threat in american history and this administration does not understand it. they think that china is like a switzerland from asia. i mean the president today said it's in our interests to have the chinese have good jobs. well that's not true. it is in our interests to have
4:40 pm
americans have good jobs. they had a spokesman yesterday, larry, who said the president will try to convince xi xinping that it's not in their interests to have instability in the middle east. they don't seem to understand that as you say, these are proxy wars. they're paid for by the chinese. of course this instability is in china's interest. what they want to do have their ally iran become the dominant power in the middle east and you combine that with all of the fentanyl coming into the united states with the economic warfare that is going on, what's happening we're showing weakness and that emboldens, it emboldens someone who wants to take us down and they're more aggressive, more adventuresome than they have been anytime in decades. it is a very scary time and the fact they're getting together -- i would add another element that is troubling to me, larry, maybe the real reason for this whole meeting for xi xinping to meet
4:41 pm
with these businessmen, according to mike gallagher are spending up to $40,000 a piece to have dinner with him at a time when the trump administration really starved china of new american investment and these business people are sitting there. they will try to be enticed to have more investment in the china when the investment ought to be in the united states. so it's a very, very difficult time and unfortunately the biden administration does not seem to understand it. larry: the trade deficit is still running $350 billion a year? i don't see, are they enforcing, enforcing the phase one trade deal? are they enforcing intellectual property theft or forced transfer of technology? i don't get it. no one is uttering a peep about this. there is all this talk, you've seen it, the administration is talking about de-escalating. wall street is talking about isn't this wonderful, we're decan lating with china. that is the most unrealistic
4:42 pm
imaginable. it is total appeasement. you talk about the trade deficit and talk about money transferred to these other sources for terrorism and likes china, that is u.s. money and u.s. dollars. that is a 380 billion-dollar trade deficit plus another $300 billion from technology theft. plus the profits from the fentanyl. we literally, it's u.s. money building up china and paying for this adventurism. what we ought to be doing, you should ask, are we keeping the phase one deal? no they're not keeping the phase one deal. we ought to use that to do a strategic decoupling. not to have no trade or no economic relationship but we ought to have one smart for america. what biden administration is encouraging more u.s. businesses to operate in china, more investment in china, doing exactly the opposite what they should be doing. their trade policy has a
4:43 pm
contradiction in it. looks like it is designed by a bunch of of lobbyists in washington. at one time saying be close to us, not china and at the same time they are saying be close to china. these are dangerous times. larry: dangerous times. i am reading your book carefully. we don't have time to go through it tonight. we will but i'm reading the book carefully and you're right, the test of a trade policy should be the impact on the middle class, on working folks, on manufacturing. i agree. okay? i am going to say that. i am going to acknowledge that on the air to my friend bob lighthizer. >> we'll sit down, maybe here in palm beach. we'll sit down, larry, talk. the kind of stuff we agree on. the other stuff you're coming around. i'm proud of you. larry: i'm definitely moving in right direction. we have more time for it, bob, terrific stuff. the other thing, i don't want to
4:44 pm
emphasize it, but we have not done a damn thing on enforcing the sanctions on oil china imports. i want to come back to this point. china is funding iranian terror war. china is funding the russian-ukrainian war. i have don't see discussion about that. i don't see calmness talking about it. i certainly don't see the administration talking about it. we had tough sanctions in the trump administration. they were enforced. now we're lost. we're in a lot of trouble. give you the last minute on that point. china is funding two wars against the united states, bob lighthizer. >> there is no question but take the next step, where is that money coming from? that money is coming from us, larry. it is coming from a bad trade policy. is is coming from our surrender to them economically. that's where all that money is coming from. it is this bad chinese trade policy that is really out there, funding all this adventurism
4:45 pm
around the world and by the way funding all the fentanyl. larry: terrific stuff. >> there is no understanding by this administration. larry: we're blowing the whistle. we're ringing the bell like you always do. we appreciate it very much. bob lighthizer, trade rep in the trump administration. read his book. it is a heck of a different book. let's go in a different direction. let's talk about taxpayers. 450 billion-dollar bill for illegal immigrants. this is per year, $450 billion. joining us now is my pal, and former colleague, steve miller, founder of america first legal, former white house policy advisor. steve miller, 450 bill is a lot of money and that's an annual bill according to these studies? >> yes. the cost of illegal immigration is immense in terms of health care, public schools, public safety, transportation, infrastructure, public housing. the costs just add up. of course the emergency room costs as well are astronomical.
4:46 pm
larry: so my question now what are we going to do about it? open borders, you know, can't get a separate congressional vote on this. mike johnson is trying hard. we can't afford it but really it's not just an issue of dollars and cents i think you would agree. we've wrecked our sovereignty. we wrecked our borders. we had economic damage. sex trafficking, drug trafficking, all the rest. i saw president trump, former president trump talk about going back to the eisenhower policy. let's try to remove some of these illegal immigrants if possible, steve miller, what you think? >> well there is no other way, larry. if you have a policy where a left-wing administration comes in, opens the border, let's 10 million illegals in, a new administration comes in even if they seal the border, last 10 million ghetto stay, every time you elect another left-wing administration, you add another
4:47 pm
10 million illegal aliens. you can seal the border, it won't matter. will change american society in permanent ways. of the 10 million illegals will have children, birthright citizenship. they will have chain migration. they can vote for more welfare and societal effects 6 mass immigration. you really don't have an alternative. you have to remove the people that came illegally while at the same time preventing entry of new illegal aliens. it is like a flooded basement where you turn off the leaky pipe or in this case the exploding massive pipe burst but you don't actually drain the basement of the flood. larry: steve miller look, other point i want to ask, numbers are moving rapidly. we used to talk about 11 million and now under biden there is another whatever the number is, four, five, six million but i'm seeing estimates now of 25 to 30 million illegals and that is undoubtedly contributing to the cost. that is undoubtedly another
4:48 pm
reason why we have to take a remedial action, is it not? >> nobody knows the true number of illegal aliens. likely orders of magnitude larger than public estimates since illegal aliens don't generally comply with census surveys but if you don't have a policy of removing people who have been let into the country, then the message to the world is, our borders don't matter, our laws don't matter, our rules don't matter, overstay visa, slip past border patrol, find a friendly democrat administration you can stay for life. it is not enough anymore to say no new illegals. these are financial analysis. tax rate was 90%. it wouldn't be enough to say no new taxes. you have to repeal the taxes already in effect and in this case you have to remove the illegal aliens that biden has let in by the millions. larry: i leave these supply tax metaphors. i love these. terrific stuff. steve miller, thank you my friend. appreciate it. folks take a quick break.
4:49 pm
coming up, new speaker mike johnson says the biden impeachment dots have not yet been connected so fox news legal analyst gregg jarrett is i guess will come in and connect them. anyway, i'm kudlow. we'll connect. please reconnect right after this break. [laughter]. there are some things that go better... together. hey! like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. for a brighter financial future. thanks. ahh, pretzel and mustard... another great combo. voya. well planned. well invested. well protected. tin is in our home, our office, our cars, and even our phones. eloro resources game changing discovery at the world class silver-tin property
4:52 pm
welcome to the place... where people go to learn about their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! now's the time to plan ahead. learn about an aarp medicare supplement insurance plan from unitedhealthcare. here's why... medicare alone doesn't pay for everything. a medicare supplement plan helps pay some of what medicare doesn't. and that could mean fewer surprise out-of-pocket costs for you.
4:53 pm
call unitedhealthcare... and ask for your free decision guide. or talk with a licensed insurance agent or producer about plan benefits, options, and rates. this type of plan lets you choose any doctor, any specialist, anywhere in the us who accepts medicare patients. so call unitedhealthcare for your free decision guide... and get help protecting yourself from those out-of-pocket costs medicare doesn't pay. oh, and happy birthday... or retirement... in advance.
4:54 pm
♪. larry: all right, we'll have the most brilliant wrap up for this show you have ever seen. speaker mike johnson says the biden impeachment dots have not yet been connected. joining us now in the business of connecting dots is the great gregg jarrett, fox news legal analyst and author of the brand new book, "the constitution of the united states, and other patriotic documents" available everywhere today. up on the full screen i hope. are the dots connected, seriously, gregg? >> johnson doesn't know. he is not read in. he is been too busy trying to get elected speaker trying to avoid a government shutdown. the guy who knows is chairman comer and he said he has connected the dots that demonstrate the complicity of joe biden in his son's influence peddling scheme with foreign countries over which joe biden controlled foreign policy as vice president. comer says he knows who paid the
4:55 pm
millions to the bidens and he believes he knows why which is why he waited until now to issue these subpoenas so he can ask very specific, substantive pointed questions. larry: checks and bank deposits don't lie. that is really comer's ace in the hole. >> you know follow the money is the old saying and it's there for a reason and so you know, but, look, the only one who can enforce these congressional subpoenas is joe biden's department of justice and merrick garland ain't going to do that. this is the problem. larry: so hunter biden won't testify? >> his lawyer says he will. larry: james biden won't testify. >> i don't believe him for one second. larry: sarah biden won't testify. who is sarah biden? she is the last one. she was paid 10%. there has to be a problem. >> there are nine different biden family members including a grandkid that is just an infant. what did the infant do for the money. larry: how about the ozark
5:00 pm
100 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on