tv Kudlow FOX Business November 29, 2023 5:00am-6:00am EST
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obviously, getting copper out of the ground is not for the faint of heart. the bingham canyon mine we just showed you is one of the deepest, darkest holes on the planet 4,000 feet straight down, 2.5 miles across. in other words in spite of what the song says, pennies do not really come from heaven. they have to be earned down here on earth, sometimes in the earth. and if you've got what it takes to do that, check out the many opportunities at rio tinto-kennecott and countless other mining operations all over the country who are waiting to pay top dollar for men and women who are willing to get to work. those opportunities are at mikeroweworks.org/haw. check them out. we'll see you next week. larry: hello folks welcome to kudlow i'm larry kudlow. all right to straight to fox
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news white house correspondent peter doocy, update on hostages, and some fireworks on capitol hill? between two senate leaders a lot of fun today. reporter: and there is more pressure today on president biden than yesterday by some prominent progressives to start placing conditions. attaching strings to future aid to israel. >> people are just disgusted about what is going on. one thing i have called for to say, look, we are friends of israel. but israel cannot disregard international law. they can not kill women and children indiscriminately. reporter: sanders in minority of this opinion for now. they hope that is a matter of inter pretation. >> it is a little bit of a
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red herring. reporter: conditions are not, we're hearing aid is totally drying up for israel and for ukraine unless president biden tags a package for border security on to it. >> i call the president last week to make sure he understood that there wouldn't be a bill without a credible effort to get top of our disastrous southern border situation. reporter: top democrat in the senate heard top republican there, trying to attach conditions to the as a package to israel and ukraine and chuck schumer responded like this. >> for weeks long weeks, a handful of republicans have dangerously tried to link ukraine aid and make our support for democracy in the
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west a pivotal issue that history will reremember us for, continual on passing hard right border policy similar to hr2. reporter: we would have loved to play a sound bite of someone at white house or a prominent member of congress talk about how this latest release of hostages that are to be remaining women and children did not include the two american women who john kirky sa kirby said, they hoped to see out. there will be a gaggle on air force one. president travels from georgia to colorado, but there is a lot of silent about the american women that still remain. the families' updates, it is tough to get updates u.s. does not have direct contact with hamas. we would be playing you a sound bite from hire, about that, if we had one.
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it has not come up today. larry: you know, this -- first that is fab hous -- fabulous report, last point. correct me if i'm wrong, only the young girl, 4-year-old girl is only american hostage released. so far, no one seems to know head count of the remaining american hostages, something less than 10 people, i presume there are adults there. i guess you answered it, president biden doesn't like to talk about this, nobody likes to talk about it. they are americans, don't we want them to come home? reporter: they say this is their pop pryer toty -- top priority, they are not telling us about the negotiations he is talking with qatari who are talking with leaders of hamas, we believe there are two american women and remaining hostages are men, the men
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are not getting out right now. something else that i saw there are reports that u.s. diplomats are pushing for a more permanent pause, a longer pause, they want israel to lay down their arms, because they think that we heard this, from officials here, they think that the pauses are best chance to get hostages out. we just don't know if the israelis who we know have been planning military operations for the second they could start hitting hamas again, we don't know if they have any willingness to go along with that. larry: that story, peter thank you, the top of "wall street journal" news web site. negotiators press for long-term israel hamas truce. this is -- if i didn't know better, i would say the story that is unsane. but these are capable "wall street journal" news reporters and egypt is
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involved and qatar. the united states has not signed on to this but the cia nicholas burns i think his name s he is involved. and israel head is involved. anyway, peter doocy, i can't thank you enough appreciate it very much. >> thank you, larry. larry: okay, just to continue it yesterday we talked about how the enemy, hamas, setting terms of the hostage paused and the war now. this should not have happened. reason that hamas wants to stop israeli advance is because israel, was pounding them successfully. using tremendous force in their mission to annihilate hamas, but now as peter doo doocy reported, the question
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is will israel be allowed to finish the job? i get it. and i hope that finishing the job and other matters of war is completely left up to the idf. but today, more disturbing opinions are entering into the discussion. a hat tip to "wall street journal" editorial page, for criticizing senator chris murphy of connecticut, the chairman of the foreign relations sub committee middle east. they nailed him by saying, i think that you can defeat hamas without this level of civilian casualties. which he then called unsam unacceptable, hang on. was october 7 unacceptable? just ask him. does mr. murphy envision a war without casualties? israel has hit more than 15 thousand targets reportedly and roughly philanthr
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rough 14 thousand have died, this is a hamas number. but undoub exaggerated and never extinguishes between terrorists who lost their lives, but it shows efficiency with which the idf is conducts the war from, left bernie sandersa piling on israel. senators are trying to tell the idf thousand fight hamas. -- idf how to fight hamas that is micro management. and insanity. thin, as discussed with our peter at top of "wall street journal" web see the web site a story, negotiators press for long-term israel, hamas truce. no israel offensive in southern gaza to wipe out hamas, somehow, negotiators from qatar, and egypt think
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key with hawe request have a permanent ceasefire, which means hamas will be right back at it murdering innocent israeli grandmothers, wives, husbands, children. they will be right back at it once again. you know it folks, and i know it. because they are terrorists. they do not abide by the laws of humanity. much less something called international law. i don't know, if this article has about credibility, this is a top of "wall street journal" web site, allegedly a news story, and it does not say the u.s. has signed off on this crazy idea like a permanent truce it suggests this american negotiators are sitting around the table, including mr. burns from cia, and israelis, so.
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i am hoping that calmer heads will prevail, i hope this is a little premature and nothing like a truce is going to happen. and that is israel will be soon back in the field if they left it, going after the rest of hamas, wherever they are in southern gaza or wherever to do the job of an i'lannihilation. mean while. as though they have nothing better to do, white house, president biden, none of them ever talk about the americans who are still hostages. then, iran continues to go on its merry way, as puppet tear apuppeteer and paymaster, nothing is done it is appeasement, i hope
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that the idf does what israel must do. and do not listen to any of these other nonsensical noises. that is my quick riff. stories are moving as fast as light, joining us now great alabama senator tommy tuberville, he knows a thinger or two. you probably heard peter doocy or part of my riff, there is -- i am hearing insane things out there. insane things as though some of the, your colleagues in senate. but you know, who is side are they on. whose side. when they talk about humanity and civilization, and casualties. what happened to october 7? senator tuberville, i am hot under the collar this has to
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stop. it is all a bunch of garbage, let israel be israel. >> you are right. this is typical democrat are trying to ride the fence and play both sides they care nothing about american people or people of israel or palestine. they care about votes, about power, don't do anything to get in their way to take away votes from them. you are right. what happened to the american hostages? did joe biden mention that, does anyone mention it, this is embarrassing, we have people over there we need to be involved with in terms of getting them out, typical how this place is run, you have bernie sanders, chris murphy and chuck schumer trying to tell people how to run a war, we're really in trouble. larry: we are, a good point. i do not understand, when a foreign country takes an american hostage, or 5 americans or 10, or whatever the number, that is an act of war.
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and we're not behaving -- we, this administration, this state department, the defense department, and so for, national security. white house, not acting like it is an act of war, senator tuberville, i don't understand why they are not trying to put the fear of god not just hamas but the puppet master and paymaster, whose name is iran. still scot-free with a couple of pin pricks. they have oh orchestrated over sift 70 attacks on u.s. armed services? as i said, they trying to walk the fence. and play both sides, joe biden does not a conflict with anyone, he is pushing money to iran who is, acting our military bases this makes no sense, we have a huge problem with communications, with what is happening. we voted to give israel
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money the other night here, bewbefore we left for thanksgiving every democrat voted again it every democrat. they did not want to give up their money for their new irs agents. but, they are caught between a rock and a hard place there is a problem for democrats trying to play both sides, they can't do it, they will have to take a side, i know which side they will take, do you too. we'll let them show their hand. larry: let me play very briefly, counter terrorist special ops expert, aaron cohen, you may have seen him. we have him on, let me play what he said last night about hamas and joe biden's mind. >> this will sting white house, you know me, i don't get political.
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but, president biden is being manipulated through psychological war fair by hamas. larry: they keep dribbling out prisoners that extents the ceasefire, and stops israel's momentum, to an an an i'll la an -- annihilate them who is mr. biden listening to. >> both sides, they want a truce, joe biden wants a truce, he does not want to to be to do what the israeli doing, they are trying to get their people back and our people back. joe biden is not helping. it is just a matter of consequences of what joe biden, really wants to do here. he is afraid it will cost him power, joe biden needs to make a decision to which side he is on, we wonder, with what is happening here,
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whose side high is on, he needs to make a decision on which side he is is on. larry: i think he would be better served. if he just took himself out of the preside presidential race and was able to be a commander in chief and help our great ally, israel. unequivicly, quit playing politics step out of the rate. >> i agree with you, the of money we're spending hero border 500 billion, president trump wanted 20 billion to build a wall we spent 500 billion on immigration hire. what a disaster. american people deserve better. and i don't know whether we could overcome what is happening at border or what he has done to our foreign relation in the world, he has not done one thing to help american people, we better wake up. american people are understanding now, looking at polling, of what i who
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is making the decisions and they will go against the american people. larry: last one. appreciate your time. mitch mcconnell got up today, said there has to be a border deal, i presume something to do with policy, to tie a bow around ukrainian and israeli foreign help. chuck schumer said, no. it is dangerous. border deals are dangerous. mcconnell, is in your camp, for a change. and schumer is o not, how will it turn out, what is your forecast. >> this is the way it should be republicans have what we need now, a skin in the game. with what we can do to make a decision. if we would stick with what we're doing and everyone slow the as a republican -- vote for a republican for what should happy make israel funds separate than ukraine and fund the border
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before we do anything else. stop the immigration. we have the power to do that now. final we have our leader stepped upside we'll do it this way, we're not voting for anything to do with ukraine or israel until we get something done at border, hopefully we get something done. it is a disaster there. we can't continue on the way it is going. with everything happening in world in 200 years this is the biggest catastrophe, on american soil, border immigration policy that joe biden let flush down the drain, and given the keys this country other countries coming in right and left. larry: they don't know who is coming in. >> senator tommy tuberville thank you. >> thank you. larry: coming up on kudlow. are bidenning capable of doing anything but lie about the economy? they never till the truth about the economy.
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so, we'll revisit some unbelievable statements by bidens. bidens press room. presidential whatever. we have steve moore coming up. our guide. i'm kudlow. let israel be israel. let the idf be the idf. the whole war depends on it. remember, not just israel. the terrorists are waging war against this country, these united states, those make the stakes higher, don't mess with it lit israel do what they do, i am kudlow, we'll be right back. the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more 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
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larry: all right, there they go again. biden economy is failing, it is trumps fault, remember? i guess i have to take the wrap, and steve moore will from freedom works and committee to unleash prosperity hot line and moore money. here is your favorite press secretary coming up, with some price words aimed at you. >> when we walked into this administration, the economy
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was on a tailspin, because of the last dang, because administration, because of trump administration how hey dealt with covid and the pandemic they didn't have a comprehensive plan, president came in passed american rescue plan. larry: tailspin. i am adding to, that you have to listen to hershey -- she will tell you that joe biden created far more jobs than donald trump dreamed of creating, but what about that tailspin fact? >> the economy grew, i think the number was about 8% in second half of 2020. so, that is during last 6 months of the trump presidency, remember, president trump reopened the economy by june. you were there. the economic ploded with
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growth, remember that, we had several months with over a million new jobs created. we were on a glide path to a strong economy. when biden took office, one factoid that a lot of people don't know, i was surprised by this you know more people died of covid under biden's presidency than trumps which is unbelievable give than trump handed vaccine to biden. all of those, and i will repeat. if you look at poverty rate, and unemployment rate, for blacks, whites, hispanics, asians, before cov covid we had best numbers ever in american history with tax cuts and deregulation and pro american energy, which all have been reversed by biden. larry: first quarter 2021. joe biden would have been better off not doing
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anything. but i can't resist, one more from karine jean-pierre hang to this. she will show you, aimed at you again. >> let's not forget what the republicans are doing the other side of against pennsylvania avenue. they are trying to increase health care costs, they want to get rid of medicare, and social security that is something that we saw them try to do at the state of the union. right? we do that over and over again, that i want to make sure that millionaires and billionaires are actually getting the benefits. right? larry: did you de get that? not fix it but republicans want to get rid medicare and social security, what is the big lie this is the big lie, do you want to get rid of medicare and social security. >> it has been the lie for 45 years since reagan was
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president, they have some secret plan to kill medicare and social security. it has never been true. you know there are huge deficits in the programs that need to be fixed i think everyone that american understands reality of that, but, you and i have been in this game a long time, i think you longer than me, every time democrats haveb backs against the wall on the economy, which is a lot, they play the class warfare card. it just does not work requesany more look at trump tax cut, look at amount of taxes that actually were paid by top 1%, you know the numbers, the percentage of taxes paid, went up under former president trtrump not down. larry: middle class were biggest beneficiarities of all, kevin hassett had it right. >> believe it. larry: i would say lying with inpun impunity like
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this will not work any more. too much social media. >> i can't believe their lying eyes. >> we just play that to let you have a whack at it. >> we're proud of what happened under trump it was a fantastic success. larry: you got to steve moore terrific. >> coming up next, oil prices are falling. this is interesting. opec plus meets this week. so what will they do? how will this impact the iz wraryl. israeli war, we ask oa oklahoma senator markwayne mullin and liz peek will tell us why joe biden should pull out of the presidential race for good of america, good of israel and world sofi is helping me get my money right to achieve my ambitions.
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larry: interestingly oil prices are falling opec plus me -- meets on thursday, what are they going? how might it impact israeli war, joining us oklahoma senator markwayne mullin. >> thank you. larry: since september. opec plus has taken about 20% of current oil production out of the market. and at the same time oil prices have fallen, brent crude down you know this well. west texas is fallen and retail gasoline fallen. i wonder whether you have any thoughts on what opec will do? we'll in middle of a raging war between israel and hamas. and i have not heard much from this saudis or opec plus crowd. >> keep in mind the reason why gas prices have dropped because we went from summer blend to winter blend.
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this is cheaper to make and blend, you look at cartels at opec they will essentially hold americans hostage or apply sanction to american people over their disgruntled views on israel and the war in gaza. this should not be happening. if you look at it right now, they want to cut 1.3 billion -- million barrels production a day we're producing 2 to 3 million less per day under the biden administration than under the trump administration. if we were producing what we should be producing, before the biden administration came into office, this would not be fadin phasing u.s. us. people want to do business with us. we don't treat people like opec, they know we'll be
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stable and continue to have oil at a fair price. rather than try to run the prices up artificially to pat our pockets. larry: i think that thought occurs to me that if we -- the united states were producing let's say 15 million barrels a day, that was the trend line. we could have produced 16. i would suggest oil prices, even though they have come dawdown, take brent and west texas, you would belowserwould -- closer to 50 rather than 80 or 100, we're playing oil brokers, speculating, that would have weakening iran. which in turn would have weakened hamas. that is the part that sticks in my craw, sir. you know this war on fossil fuels, who has it helped and
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hurt. >> remember opec plus is russia. we're also because of artificially high prices because we're not energy independent and still buying oil from saudis and shipping in fuel from russia, we're funding the war in ukraine. at the same time, because we're allowing iran to trade openly on the market because we took the sanctions off of them that trump had on them, we're funding wart in hamas -- the war in hamas, you are correct, iran is wealthiest they have been in a long time. in two decades because of sanctions lifted by the biden administration. and the artificial prices, you see opec upset because prices have dropped, now they threatened to cut oil production against that will drive up costs. at the same time, none of this would have to take place if we had the trump policies in place, and still producing at level we were under trump, that was.
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larry: they basically took out 5 1/2 million world supply balances out. out of 100 million barrels a day. that 5% out, last point, i don't think that saudis like iran any more than you or i. >> you are right. >> you know, i know it is -- i think gulf states in general. sunni gulf straights they hstates have been quiet. but i think they are rooting, i know they are rooting again iran, maybe for israel to squash hamas. i'll give you last word. i don't think they will blow up the price of oil.
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i don't think they want to do that. >> i don't know we'll find out. i know the saudis were trying to normalize relationship with israel, not because they like israel but they knew their economy of something they need to depend on if they start weaning themselves off just oil for this saudi revenue. i know they were -- they saw what happened to uae, but i would not say they are rooting for israel, that is not their ideological path from the past, but, ran and sau-- but iran and saudi arabia they tried to normalize relationship because of the weak administration that biden administration had, if we went by reagan believed peace through strength we tbhowlt hanot have any type of relationship with iran, we would be building a fence and slowly crushing
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that regime. larry: i would be bombing the oil fields to be honest. >> that is right, i agree. larry: senator markwayne mullin from oklahoma thank you, sir. >> larry thank you. larry: go shift gears, now, question is, hunter biden. is he testifying before the house oversight committee or not? let's go to davi at justice department. how much fun is this. >> interesting. hunter biden said he wants to testify in public. he is ready to testify before millions. his attorney abby low e sent a letter to james comer hours ago taking him up on council memberrer's offer to have hunter biden come before the committee, republicans wanted it to be behind closed-doors hunter biden said no. i want to do it in public.
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to be on camera for everyone to see. lowel quiting, we have seen you used close door sessions to misinform the public:: >> comer who is neck deep in hunter biden investigation, wanted him behind closed-doors origin h wanted it behind closed doors, he said hunter biden is trying to play by his own rules. also agree that hunter biden should have the opportunity to testify in a public setting at a future date. ranking member jame jamie raskin from maryland said
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the following: larry: all right, david spunt thank you. >> all right. we might chew on this. let's bring in liz peek. and deroy murdock. also a fox news contributor, deroy. he wants to testify publicly to make it a show trial, spend his time attacking donald trump that is my hunch. >> play for the cameras, i think they can do a closed-door type deposition, put out transcript within 24 hours then bring him in for public testimony in a week, that will give them a chance to into questions at great
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len, not limited to 5 minutes for i and the next. then put is in public. hunter biden should defend hil himself, republicans should be able to ask the questions, the stuff should be in public. enjoy the full benefit of the sunlight. larry: liz follow the money. >> that is what they are doing this driving democrats crazy that comer is carefully going through this following of the money, that is what this investigation is all about. that is why he wants to talk not only to hunter biden but to james biden and other biden family members who received money. because guess what, the receipt of that money that people like james -- or thetithe ex-widow of bo getting money from china, why? what is that about, there is a lot of smoke, i think that everyone understands that there is some fire, hunter biden thinks weirdly he is a
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sympathetic care, he can make a public statement and talk in public and somehow he will bring the public around to thinking he was just a drug sad young man who did some things wrong but he is there to make sure that everyone understands it is okay. council memberrer has every right -- comber h comer has every right, the courts have backed it up, i believe a deposition is under oath. that is a very different thing, than hunter biden just coming in and winging it. larry: the subpoena, you may be held in cone te contis contempt of congress if down understand. but justice department has to enforce it. >> they won't. larry: deroy, liz peek wants to get rid of joe biden. >> i do. larry: she believes that this is -- a replay.
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i think interesting, 19 68, lbj in a war in vietnam and et cetera. mccarthy almost beats him in the new hampshire primary and robert kennedy, now dean phillips. i want you to think about this i am accounting here. joe biden should get out of the race, not like vietnam. for the good of israel, stop playing politics for good of america and hostages and for good of world peace. right now he is interfering on a daily basis micromanaging it is a bad story, all about dirty low down politics, get out. >> yeah. we would love to see that, i don't know that joe biden would he has pay big ego, he finally made it to top of heap after 50 years of
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politics, i think dr. jill biden loves being first lady. he does not have to leave, i keep hearing that party e elders will say joe it's time to go, and he can say great, i have 2 minutes to get out of my office before i boot you. >> the polling is horrible, he loses to everyone, we have not seen what other democratic contendors can do, for his party he should step down and i think number of people willing to argue that case is changin shrimpis -- shrinking by the day. >> for the good of world peace. >> a strong america is what we need for the good of world peace. larry: he needs to go, but right now he is micromanaging. and god nose wh knows what he will come back with, liz peek and delo derow murdock
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on good. >> index of leading indicators has been falling for 19 straight months is a recession on the way, we have john najarian it tell us, stick with kudlow. i work hard, and i want my money to work hard too. so, i use my freedom unlimited card. earning on my favorite soup. aaaaaah. got it. earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours. (door bell) yo camping buddy. boom. you guys ready? dude, i thought you were driving. i thought you were driving. oh, i never said i was driving. i-i definitely can't drive.
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larry: we'll put a chart up. there it is. that right line going straight up. that is the index of leading indicators, which is important future indicate or. and it shows that it has been declining, i know that line goes up because it has been declining for 19 straight months, not as pa bad as financial meltdown. then up 24 straight months. but enough. we'll show you second chart. to strongly suggest that real gdp could decline. next year. even though wall street doesn't believe so, we bring in jon najarian, cofund cofounder of market
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rebellion. this is not good. you have an inverted yield curve, housing is weak. falling money supply, business in general is weak. i'm not saying it is perfect, but do you think -- how would you handicap on say, 65% recession? pr. >> i'm going with steve cohen, point 72 and owner of the mets. he thinks it will be shallow, the reason shallow, is we have rolling recessions, we rolled from last year 2022, where we had communication stocks and i-t stocks tow down between 30 and 45% this year some have recovered, i-t in particular, but, and discretionary because we're in season for it. this is super bowl for you
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know retailers. but, i worry about things like affirm, that is the buy now pay later stock. it is at record highs. why do we think that is. larry: i worry that manufacturing is falling and new orders for businesses are falling they are classic future indicators built in, short rates are still higher than long rates. >> inverted yield curve. larry: i know there is no magic to these. but i think woo wall street is under estimating next year's risk. >> i think we might be, you and i and all of wall street, we might be. larry: not me, i have been off the street for a long time. >> you headed up a pretty robust group under the previous administration. >> she is waves us off. >> you agree, leading indicators, keep an eye on them. >> they are foretelling some bad things, but i don't think it will be too bad.
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