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tv   Kudlow  FOX Business  November 21, 2023 4:00pm-5:00pm EST

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most recent meeting, it was nothing, nothing big except everyone is asking when the fed will cut versus another rate hike. when do you foresee the first rate cut? >> i'm fairly cautious on the first cut. it is because i'm concerned that the fed may be as slow to react on cutting as they were frankly to react on raising rates. i think they're quite concerned that they don't want to cut too soon. liz: okay. >> we think they will continue to pause. we don't see any increases coming. but i don't know that they will cut until we see some actual economic weakness, probably middle of the year. [closing bell rings] liz: nancy prime thanks for having. maybe it a great holiday. we have stu leonard ceo, stew leonard, jr., talking food and prices. david: hello, everyone. welcome to a special edition of "kudlow." i'm david asman in for larry kudlow. the israeli war cabinet is meeting right now possibly to
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approve a deal that would release 50 hostages, women and children in exchange for a multiday pause in fighting and 150 palestinian prisoners. this as israeli ground forces push deeper into gaza, carrying out operations against terrorist targets. mike tobin joins us with the very latest. mike? report report to quote the u.s. president nothing is done until it is done but you have all parties hamas and israel included expressing optimism a deal for substantial release of hostages is in the final day of becoming reality. israel's war cabinet and government approve the deal with objection and majority support. what we know about the deal is three for one deal, 50 hostages women and children, will be released in exchange, 150 palestinians women, teenagers will be released from israeli jails. this comes with a five day pause in the fighting. israeli channels said prime minister netanyahu will also involve red cross officials seeing the remaining hostages.
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>> translator: we'll do everything, everything to bring them home as soon as possible. we are reaching a great deal of goals and we have to continue doing so until we reach the goal which is of course among other things bringing our people home. >> reporter: until the deal goes into effect the fighting continues to rage in the north of the gaza strip. israel says the town of jaballayah is surrounded by israeli forces. israeli forces pushed deeper into a tunnel that was discovered at of schiff fa hospital. israel took control of the schiff fa hospital, but pressured to come up with proof that hamas had substantial control infrastructure underneath the hospital. islamic jihad has hostages as well. islamic jihad made the statement tonight that a hostage died in captivity. david: let's bring in jack
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keane, chairman ever institute of study of war, fox news senior strategic analyst and presidential medal of freedom. when you look back you can't let october 7th out of your mind. you think back to the pathological killers we're dealing with here. how do you deal with people like that? >> one, it is very challenging. we had the same issue dealing with isis. david: diabolical, pathological killers as you said. there is no reason or rational dealing with people like that that are so barbaric and so morally corrupt. they have no moral compass whatsoever to guide them. david: no. >> here is where we are. the israelis knew this day would come certainly because what made this attack different from the hamas attacks in the past is the focus on civilians. the civilians in the 22
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communities that they attacked, there were a number of military bases, smaller ones in the area but the focus was really on the civilians and then the taking of a large group of hostages, something they have never done before. so the israelis knew, what was the purpose of the hostages? at some point to trade hostages, to buy time. to delay israel's operation against hamas, to slow it down and also to impede it to a point where it cannot succeed. i don't think they knew for a minute hamas, that is, that israel military aim by the national leadership to dismantle hamas completely. that has never been a military aim in the past. we'll also see other tranches here against slowing down the offensive. then the final thing, i believe, they will hold on to hostages to protect the regime so it actually lives on. they will be able to declare victory against the israelis. david: oh, boy, that would be
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horrible but at the same time the cease-fire could have very negative consequences for the israelis as well. i understand one of the conditions might be to stop drones from looking at what the, what hamas might be doing in terms of regrouping, possibly even setting up sniper positions against idf soldiers. there are a lot of risks in stopping the fighting right now under these conditions, aren't there? >> oh, yeah, and certainly you started out by talking about hamas and how bankrupt they are morally. so they will do everything they can to cheat on this, so-called no-fly zone that they want for six hours is the obvious. they want to be repositioning, do other things in terms of rearming, reorganizing, et cetera during that, during that time frame. the israelis have comprehensive intelligence and so do we in terms of satellites and other things that we can put up at much higher altitude to give
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them some assistance in doing this -- david: if i could stop you for a second -- >> that will likely be going on. david: the point is we are capable of sharing our intel, that we might have maybe from is satellites or other source in terms of what they might miss in terms of those drones? >> no doubt about it. we've been sharing -- first of all there are two countries in the world where we share intel the most with. the first one is the uk and the second one is israel and obviously from day one of this conflict broken out we've been giving them everything that will help intelwise, and i'm certain that we vin creased our collection coverage to assist them. so, yes, that will be there to mitigate the loss of the coverage certainly by drones which is a valuable coverage but also has its limitations. david: general, let's switch to iran, which of course, at the very least were the paymasters of hamas if they were not the
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designers of october 7th itself. clearly, as horrible, pathological as these murders were in october 7th they were planned to be that. that was what the hamas terrorists were trained to do. so i'm suspecting that iran had a hand in that, be that as it may they're attacking our troops. we now have 66 attacks against our troops. our counterattacks clearly are not dissuading them. when will they change, when will the administration change its tactics because it clearly isn't working? >> well yeah, there is not agreement inside the administration on this, at least reported in the open press, not agreement inside of the white house and not agreement inside of the pentagon. there is obviously people who like myself would advocate for a stronger response based on the reality that iran doesn't really
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care about its proxies all that much. it doesn't care if it loses rockets, missiles, even people. they will have more proxies to help but this has been a relatively successful strategy for 43 years. that is using proxies in foreign countries to drive the united states military presence out of the region and to weaken and destroy the state of israel. 43 years they have been at this and it has never resulted in a direct conflict with the iranians although two presidents have done something more than destroy proxies. they went after iran and those presidents came to the conclusion in doing so iran would not expand to a war status because they would lose their regime. david: right. >> if they fought a war with the united states and the use of proxies for 43 years, david, argues that's their mainstay. they don't want to be involved themselves. yes, i think we can step up the
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attacks, step up the escalation, attack something that iran values. reagan hit oil platforms and irgc bases when they hit our ships trying to escort persian gulf oil out. trump hit the leader of the irgc, quds force, quassem soleimani because he was directing those attacks, much as the irgc today. i favor going after the irgc training center, irgc headquarters, irgc bases. there are other targets in iran they can come up with. i don't believe the history, the history teaches us this would involve a war with iran and that is what those who want the minimal are faring fearing and i don't think it is supported by history. david: our appeasement is getting them to stuff up but the piracy. >> loud and clear. david: the houthis took over that ship by was not an israeli
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ship by the way. it was a japanese ship. it didn't have any israelis on board but they took that over. you also have a question, general about the nuclear research that is going on in iran. because they have all the extra money, tens of billions of dollars because biden was not enforcing sanctions against them, they are spending a lot of it on the nuclear enrichment program. they are stepping it up. we now understand they have enough weapon, enough uranium, enriched-uranium, up to 60% purity, they're not far away from the 90% purity rate which you need to make a bomb, right? >> yeah. let's posture for a second what it would be like if iran is permitted to get a bomb, which the initial jcpoa or nuclear strategy was going to do, once the sunset clauses ran out they could have as many bombs as they want. let's assume they have nuclear weapons. can you imagine how strong their
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proxies would be at that point, knowing full well that they're going to preserve their regime because they will threaten the use of a nuclear weapon if you attack iran. we're not going to have the leverage we have now. david: right. >> because they don't have a nuclear weapon. that's why they want that nuclear weapon because it empowers them in the region to use conventional means and people not to escalate against that conventional means for fear of nuclear escalation. david: what should we do if in fact they get a nuke, or, if we get information that they're very close to it, that they're just a week or two away from it, should we actually to in there ourselves and bomb their facilities, quickly? >> well, we should work very closely with the israelis. they will conduct massive espionage on the ground, silent attacks rest of it and if they need our assistance in conducting a strike, it is not
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going to destroy the entire nuclear enterprise, it will delay it, we should do that. we should give them every means possible to succeed in that. we cannot let this regime have nuclear weapons for the reason i just stated. david: absolutely. general keane, great to see you. thank you for being here, sir, appreciate it. coming up iranian attacks on u.s. assets reach 66 since october 17th, so when will the administration realize its counter strikes are not working? we'll ask wisconsin senator ron johnson about that coming up. ♪.
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launched 66 attacks on u.s. bases in the middle east. so when is enough enough? joining me know wisconsin senator ron johnson. senator, good to see you. we just had general jack keane on talking about we should hit iran where it hurts militarily. what about the maximum pressure so successfully employed by the trump administration to off their funding? that is what brought them to their niece. they wouldn't fund hamas or hezbollah. when will he start with a pressure campaign that worked? >> probably never. remember we're dealing with joe biden here. obama's secretary of defense robert gates that joe biden has been wrong on every major foreign policy decision in the last 40 years and that string remains unbroken. they did the nuclear agreement. that funneled hundreds of billions of dollars into the
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largest state sponsor of terror and relaxing sanctions the biden administration has done the exact same thing. they don't want to admit they're wrong. i don't know why they are coddling iran. they tried to change their behave which they have done, they made iran more aggressive, changed their behavior for the worse. i can't explain this administration. if you had to develop, if you were asked toe develop a strategy to destroy this country you could not come up with a better plan to implement than what biden is doing to america right now. david: they did employ some people that seemed to be, if not on the side of iran, if not working as agents for iran, were sympathetic to some of the iranian causes, one of them rob malley is out of a job right now because they're looking whether he might have shared intel with iran. they may have done that but i want to switch to the other side of the ledger, what we are funding which is israel and the democrats, now seem to be putting all these conditions on israeli aid in order to appeal to the left side of their
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political ledger, the bernie sanders, aocs, et cetera. what do you make of that? how much longer will they be able to stall aid that israel needs now? >> unfortunately the radical left which is pretty much the definition of the democratic party right now supports palestinians and by and large is not particularly critical of hamas. why you psion dozens of college campuses run by leftists professors, leftists administrations you see the young students who have been indoctrinated, protesting in favor of hamas, these brutal murderers. it is hard to fathom but it is not sure pricing at all when you realize the radical left taken over the university systems. they controlled them for decades. they have infiltrated every ininstitutions of this country. david: including the congress of united states in part. i want to ask you about the bill that speaker johnson, your
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namesake over in the house has put forth suggesting that we pay for the israeli aid by taking money away from super-sizing the irs. is there any chance that, that you can get enough democrats senators in the senate to agree to that? >> i would hope so but it will take public pressure. right now because the mainstream media is by and large in the back pocket of the bidens and the democrats we're not going to get that public pressure. look what is happening on our border. biden's open border policy a clear and present danger to america. last time i checked it was the president's responsibility to address clear and present dangers, not cause them. he caused this clear and present danger and democrats are backing him up. they won't vote to construct the fence. they're screaming when we say bevacqua we do any funding for ukraine you have to secure the border. they weren't agree to that. david: not all democrats,
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senator. there are a couple of democrats close to the border or right on the border like congressman cuellar are not in favor of the biden policy on the border. do you have senators on the democratic side who are worried about that, particularly those in the southwest of the u.s.? >> it is a handful in congress but let's face it, i put forward three amendments, two in committee, one on the floor of senate just to complete building the wall we already bought and paid for t was costing us more not to complete than complete it. every democrat except for joe manchin voted against the amendments. that gives you the answer. they're not for you are zooing the border. they want people beholden biden administration, those democrats lending them in for a vote sometime in the future. it is sick and present danger but we should -- david: some of those particularly those connected to the border may lose their job.
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the biden financial scandals, remember back just a year ago, even less than that, just a few months ago we were hearing there is no evidence there. this is, this is a wild goose chase. you guys are trying to make things up in order to make the president look guilty. we came out with these checks, the 40,000, 200,000-dollar checks and of course they were, these checks written by joe biden's, joe biden's brother or his sister-in-law, had on the bottom of it was, it was a loan repayment. have you seen any evidence of a loan ever being made? because if there wasn't, then he has some tax problems in addition to explaining what the payment was for? >> i haven't seen it. the problem we have as congress you can stonewall the investigations. federal government, department of justice, fbi, they don't turn over the evidence. this would have been so easy for the fbi to track this thing down for people like david weiss to investigate this thing. they should have had a
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conclusion on this years ago. senator grassley and i in our report in 2020 before the election it was pretty obvious to me how corrupt the biden family was. millions of dollars flowing from adversary countries going into a will be rent number of companies obviously set up for money laundering. joe biden doing nothing except selling family name. it was obviously corrupt. i don't think you will have enough evidence for the media to declare them corrupt but i hope the majority of the american public makes that verdict. david: chairman comer did get those checks. he does have the ability to use his subpoena power to get specific evidence that could prove a case, no? >> yes but all his subpoenas they fight over them. not like the fbi going to a bank saying turn over your records and they do. it is much more difficult for congress to investigate these things. it takes time. it is frustrating to me.
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i'm sure it is frustrating to jim jordan and jamie comer as well. it is frustrating to the american public. they're not getting the truth. it is being covered up by the mainstream media and the biden administration. david: they're getting enough evidence, the charge that there is no evidence can not be made credibly anymore by anybody including jake tapper and others in the media. senator johnson, good to see you, thank you very much for being here, appreciate it. coming up special counsel jack smith is trying to gag former president trump while he is on the campaign trail. isn't that election interference? we'll talk about it with liz peek, betsy mccaughey. they will be on set. elon musk is suing a left-wing site for defamation of character. does he have a case? we'll have head of hyperloop one coming up. ♪. how it shapes us... "we're going down?" ... and our world.
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interfere with candidate donald trump's free speech in an election campaign because it might interfere with smith's election interference case against trump. does any of this make any sense? joining us now is liz peek, syndicated columnist and a fox news contributor and betsy mccaughey, "new york post" coal lumpist, former new york lieutenant governor. betsy, you can't make this stuff up? >> you can't but the aclu is backing trump and there's a reason. the judge said, well the first amendment has to be cast aside a bit in deference to the orderly administration of justice. not in america, judge. the bill of rights was written to protect the individual, not the government. david: and liz, it was protected, not only protects speech but those listening to it. he's a presidential candidate, trump is. >> yeah. david: voters have the right to hear what he has to say. >> yeah. i mean this is, this reinforces
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everybody's view there is a partisan series of indictments that donald trump is now under because this is not the only gag order. he has more than one gag order. he must be sitting every day which gag order is he going to violate but the judge in this case is obviously partisan. she is a former obama donor. was appointed by obama. hates donald trump. i mean i think, i think at some point, wait a minute in d.c. where 92% of voters went for democrats, how can anyone imagine that he is actually going to have a fair trial in that district and with this judge, who by the way set the trial date for this particular trial on march 4. i think that is two days before super tuesday, right? so i mean the whole thing is so calculated to throw off his campaign, tie him in knots during the campaign, not just verbally, in terms of what he can say. by the way she is threatening, smith wants a change in the
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conditions of his release in this gag order, so that if he says something inappropriate he could be locked up for doing it. >> but the fact is, regardless of what these three appellate court judges determine, when it goes on appeal from them to the full bank, there is no question that donald trump will win. history is on his side. in 1987 congressman harold ford, sr. was on trial and a gag order was imposed. he appealed it. the gag order was lifted. the court said he has a right as you pointed out to address the electorate, tell them this is unfair. in 1990, the insurance commissioner was running for re-election. was accused of a crime. was on trial and he had a gag order and its lifted on appeal. david: doesn't have a great history of prosecutions. >> even if donald trump were not a candidate, even if he were just an ordinary individual, the bill of rights was written to, to protect the defendant.
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david: that's right. >> not to protect the government. david: if it goes up to the supreme court i'm sure they will emphasize that. >> no question. david: let's switch to pure politics here, what joe biden is dealing with, liz, in terms of his age. it is not, let's face it not his age as much as his competence. >> thank you for saying that. david: his competence is the question. we have people that we know work into their 90s have much competence and capable of dealing with this stuff not as tough as presidency of the united states. but this guy clearly has problems wit. >> they're not getting any getter about it. david: they're making a joke about it at the white house -- >> according to "politico," refusing to deal with the idea that this is an issue i think the one thing right now that must be terrifying a democrats is the young voter seepage, the fact that young voters are just totally losing interest in joe biden. david: we should mention, he got more than, he had a 20%
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advantage with young voters back in 2020. now he is underwater with them, slightly. it is within the range of error but he lost that 20% advantage. >> which by the way was margin of error, margin i would say of error, the margin of victory was in 2020 was indeed young voters. young voters are not just historically more liberal, they're also very unreliable voters. the big surprise in 2020 they all showed up. this time the issue for joe biden it really looks more and more like they won't show up. a, they think this is their grandfather and wouldn't entrust their future to their grandfather. they will not entrust the country to joe biden of course now the israel-palestinian issue. david: you want to talk about this, we don't have much time. i -- as former lieutenant governor of this great state of new york we all live in i don't want to be too new york centric, it is something affecting all, seems to be all -- >> blue cities. david: blue cities around here. this city is falling apart. we were running out of money.
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we got a new 12 billion-dollar bill because of all the migrants because we're a sanctuary city. we have a governor who is giving -- still, right now, she is coming out with these new liberal laws that give advantages to criminals. what will we do? >> it doesn't have to be this way. i want new yorkers to know, it does not have to be this way. the fact is there are four things that need to be done. stop attracting the migrants, right? stop handing them four-star hotel rooms, three meals a day, health care, legal services, transportation. if it is a little rougher -- >> sanctuary cities. >> that's right. number two, lower the taxes. that's -- we've lost 160 financial institutions in new york. the tax base, the people who work here, that's a tragedy right? number three, this is really important issue now, protect the jewish community. new york is the largest jewish city in the world, larger than tel aviv and jerusalem combined
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and jews are afraid now of living here. david: quick last note from liz because you married into a family, involved in the banking industry. a lot of wall street is moving to betsy's point. >> no question. david: that is not stopping. that is in fact inning because of the crime, because of taxes, because of regulations about stupid things like your gas range and heating. people, and so with that revenue we're paying more money for the migrant and we're getting less money in tax revenue, the mayor has an impossible job. >> the problem is the city officials and the government of new york generally has one playbook. when they get in touch situation they raise taxes. i think kathy hochul understands that is a death knell for new york right now but i think that is probably where they will end up. i can tell you everyone i know moving to florida. there is this great migration. >> it doesn't have to be this way. david: i agree with you. that is one thing that gives us all hope. we saw it before when giuliani
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to come in and do what needs to be done. >> you need the will to do it and nobody in the administration has the will to do it. >> cutting cops is not the way to go. david: niece to see you. drama with cofounder of openai getting fired and getting hired on monday by microsoft continues with kneely all openai employees threatening to quit and follow sam altman to microsoft. this is putting focus on artificial intel is existential threat or perhaps a massive opportunity. joining us now is shervin pishevar. the ceo of edison alpha, former executive chairman of hyperloop one. great to see you, shervin. thank you for being here. >> great to see you of course. david: what is is the latest on the story, we're hearing microsoft, mike softer, openai is trying to bring him back in. they realized they made a hell of a mistake. what is the latest? you know the inside.
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>> it has been a soap opera over the weekend and the latest news is saying sam might be joining kind of an interim board of directors at openai that would replace the existing board of directors that fired him on friday. so it has been a lot of back and forth. i think at the end of the day i'm very long on microsoft because satya is a genius and has hired sam altman and his cofounder of openai to lead a.i. research institute at microsoft but there is rumors that sam might be coming back again to openai, potentially through this new board and the board of directors that kind of caused this entire mess might be stepping down. i think one example, insight from this is, corporate governance in silicon valley has been very weak. the board structures and board members.
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david: yeah. >> we've seen this -- david: we saw that by the way, with silicon valley bank. >> -- board member -- what was that? david: we saw that with silicon valley bank. there are plenty of examples where boards have been weak and made terrible mistakes. >> specifically like steve jobs was fired by the apple board years ago. travis kalanick was ousted by the uber board. now this happened to sam altman. i've known sam for a very long time. we were both young app developers when steve jobs launched the app store on the iphone in 2008 and, he is a great person and he is absolutely one of the geniuses of america. really the type of person that would lead a manhattan project on something this important for our future. david: so why did they fire him? >> it's still cloudy. they have not, the board has refused to say the exact reasons. it's a real mess and i think at the end of the day we'll find
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out a lot more but the board is not actually saying anything about specific reasons and so it's pretty, pretty unprecedented what we're seeing over the weekend. >> i'll say. >> this is again like a.i. is, the most powerful technology invented in human history. we're moving at speed toward massive disruption to all industries. we're in a race with china. one thing i will tell you, china is not firing their sam altmans. david: that's for sure. >> china is going full speed ahead, the 12 to 24 months we had as a lead with openai might be lost. so what i'm specifically lobbying for and pushing for america needs to take this a lot more seriously. this is as important as the manhattan project was to get the nuclear bomb and win world war ii. we need to have quantum and a.i.
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supremacy and it is important to kind of take leadership here and invest in a.i. for our future. david: there are clearly military applications for all of this. they just talked to the chinese. i'm not sure they did the right talking with the chinese bit, the biden administration but they had -- i want to switch to another subject if you don't mind which is elon musk. you know a little bit about elon to say the least. >> yeah. david: he's, first of all he has got this lawsuit against media matters which is a left-wing site that was trying to sort of use x against itself to prove elon musk that an antisemite based on a lot of false tweets, do i have that right? >> i looked at lawsuit that twitter, now x, filed against media matters. what are they saying they engaged in blatant,
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indefensible, malicious fraud, really manipulating the data. at the same time elon and x has to work hard to make sure there is no anti-semitism being promoted in their platform and elon has said very strongly he is committed to that. he is a personal friend. david: you don't think he is anti-semitic? yeah. >> you know, we built and collaborated on many ideas and i think he is one of our great entrepreneur as will. david: i do too. >> i think media matters is an organization that you know, is more on the kind of woke, left side trying to really stop someone likeal lon. david: forgive me but we're running out of time. the bottom line they want to get rid of elon musk. the fact is x has had far fewer anti-semitic comment on it and items on it than either tiktok or facebook. tiktok in particular is just been horrible in the number of
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anti-semitic stuff. >> absolutely. tiktok has been -- david: he had problems with the anti-defamation league which is run by a guy generally on the left of the political sphere but that has nothing to do with anti-semitism. it is his political orientation. i think that is where it got all messed up. >> absolutely. david: shervin, come back to see us. >> a pleasure. david: coming up if democrats are urging president biden to revamp his economic messaging why is he telling americans that "bidenomics" is working? we have steve moore to weigh in on that when "kudlow" continues. ♪. three forks ranch is the destination for luxury and adventure. enjoy private skiing with 23 runs for every level. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat.
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no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. ♪. david: despite democrats urging the president to rebrand his economic messaging the president is touting the succession of "bidenomics," voters are note not buying it. hilary vaughn is out the white house. hi, hilary. >> reporter: david, white house is taking credit for americans gobbling up some savings on the thanksgiving feast this year. americans have a lot to be thankful for the thanksgiving dinner they're putting on the table is cheaper this year. >> as we start preparing our thanksgiving meals, grocery inflation is at its lowest level in over two years.
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prices are down for turkeys, stuffing, peas, cranberries pine crust and whipping cream. we had a big discussion about whipping cream in the back. >> reporter: while the cost of this year's feast is giving americans wallet as little relief the price is way above where it was when biden took office. 25% more according to the farm bureau. it is only three dollars cheaper this career than last year. if you single out the cost of a turkey, it is dollar 50 than the year before. while the white house is celebrating this week. >> when the cost of a turkey went up by a buck two years ago the white house downplayed it. >> i don't know if you cook ad turkey before but a 20-pound turkey is a pretty good turkey, we all can agree. they are one dollar more. i want to be clear there are abundance of turkeys available. one dollar more for a 20-pound bird which is a huge bird if you're feeding a very big family.
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>> reporter: new nbc poll found only 38% of voters approved of biden's handling of the economy. cnn is reporting we'll see a lot of white house officials out on tv touting this tiny drop in a few dollars americans are saving this year on thanksgiving as a way to promote the president's re-election efforts. david. david: the americans are not seeing it. prices are not going down much. the fact they're not going up as fast as they were. hilary, thank you very much for that. i appreciate it. joining us with more, is steve moore for the committee to unleash prosperity, freedom work chief conmist, host of "moore money" on abc radio, author of the great book, "govzilla." we'll talk about jobs again, he is at it again, he did it again. the president came out with a x or we used to call a tweet claiming that he is responsible, the headline of it says jobs created by president. 13 million jobs. now we know, we told him time
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and again, apparently he is not listening enough that 9.4 million of those 13 million jobs he says he created were jobs that just came back after the covid lockdowns, right? >> of course. that's true. as you said, david, we've talked about this you know so many times because this is about the fourth time the president has tried this gambit. you know you and i are on to it but i think the american people are on to it. david: absolutely. >> they understand 80% of those jobs were just jobs that had been created under trump. we lost 25 million jobs when we shut down the economy stupidly by the way. those jobs are back. if you compare month by month, not counting jobs that were just comeback jobs from covid, biden has created somewhere around 130,000 jobs a month and trump created about 180,000 jobs a month. trump's job record is actually superior to biden's in that respect. david: even if you're including
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the jobs that were lost during the covid lockdowns during trump. that is the incredible thing, no matter how you parse it trump did better in his one term than president biden has done in his one term. >> that's right. that's because people forget the last six months of the trump administration were a boom period. we had a huge recovery -- david: that's true. >> biden really slowed that down. i just don't think he will get away with this line somehow "bidenomics" has been a success when you have 80% of americans, who only 20% of americans say the economy is good or great. like being a dentist holding a drill, saying this people -- david: i've been on the other side of that equation and it did hurt. inflation. another refrain we're hearing from the white house, we licked inflation. that the biden administration has killed inflation. i'm just, 89% of americans by the way in a fox poll says they are still very concerned about
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inflation, 89%, but there is also another indicator i find strange if we licked inflation which is that gold is up to $2020 an ounce again. usually there is an inverse relationship to gold going up -- >> for sure. david: if inflation is down gold shouldn't be going up the way it is going up, right? >> that's right. why do people buy gold? people buy gold as a hedge against higher inflation. so people are still very nervous about it. you know i've got to say for biden to say gee, how cheap thanks giving dinners are. he should go to the grocery store absolutely. >> the fact it might be slightly lower, i don't believe those numbers, compare before the huge inflation rate of 2021 and 2022 this ain't no bargain. david: not only do i cook turkeys, but i buy turkeys. i know what i've seen, may be particular to my region but i
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hear a lot of comment from people around the country saying inflation, quickly what about fossil fuels? another thing we're hearing from the biden administration, despite their war on fossil fuels we have record oil production, never has been as high as it is, what about that? >> we just did a study at the committee to unleash prosperity by casey mulligan we're 2 1/2 million barrels a day below where we would be if we stuck with trump baseline policies because as you know we were in the midst of this huge shale oil and gas revolution. so that's a lot of money we're losing because biden's war on energy. we estimate, bp what $80 a barrel. talking about $200 million a day that we're losing. guess where -- you know where that money is going it is going to china, going to russia, going to iran. talk about playing into the hands of your enemy, that makes no sense. david: steve moore, always great to see you. stay with us. more "kudlow" straight
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