they're under accumulation from institutions. they have great management. this is what the stock selection is all about. it is not a matter of bottom-fishing for bad ideas and turnarounds. it is great companies, i love liz, as you know the accelerating revenues and margins. the only thing i caveat here the market is very overbought. these are great companies. they're in our portfolios. and we're broad to show them. liz: good to see you, jordan, thank you very much. that is a nice sort of buffett-munger style picks from jordan kimmel. [closing bell rings] former new york yankees shortstop derek jeter joins us to talk about how he is knocking it out of the park with his brand. market is mixed. larry: hello, folks, welcome to

"kudlow." i'm larry kudlow. in a moment we'll have a washington report from the great peter doocy, and other related news and senator eric schmitt will be here to tell us about the republican senate meeting with house speaker mike johnson son. later on in the show we'll be talking politics about the gavin newsom, ron desantis debate own sean hannity. i think it is tonight? is it tonight or tomorrow night? anyway it is coming up on sean hannity. steve forbes will be here to lament the worst wave of anti-semitism since the 1930s. first up, let's talk about the economy for a moment and the fact that the biden administration as always cannot tell the truth about the american economy. now this is a long-suffering movie we've all seen many times before, just to refresh here is white house press secretary karine jean-pierre just this past monday. please listen and wipe.

>> when we walked into this administration the economy was on a tailspin. that is the fact. because of the last administration. because of the trump administration. the president came in, he passed the american rescue plan. which was able to get the economy back on its feet. let's not forget what republicans are doing on the other side of again, pennsylvania avenue. they're trying to increase health care costs. they want to get rid of medicare. they want to get rid of social security. larry: oh, my goodness, i hardly know where to begin. there are so many falsehoods coming from that white house podium. first of all there was no tailspin. by the first quarter of 2021 the american economy was growing at about 6 1/2% with and inflation rate that was less than 1 1/2%. so joe biden takes office january 20th, essentially riding atop a soaring economy

without inflation. gasoline prices, barely above two dollars a gallon. and those are facts, madam press secretary, n-a-c-t-s. you can look it up. the rebound from the covid collapse was a v-shaped recovery. i can tell you, i know from experience as the former nec director along with my pal kevin hassett at the cea and tyler goodspeed at the cea we were touting a v-shaped recovery and took enormous flak from the liberal washington media and the democrats but we were right and they were wrong. trump policies of tax cuts, deregulation and drill, baby drill, had receipted sound economic fundamentals. so as the covid clouds disappeared the pro-growth policies drove the economy right back up.

and the smartest thing joe biden cohave done was, wait for it, hang on a second, done nothing, that's what he should have done, nothing. because if it ain't broke don't fix it but no, the bidens had to push for two trillion dollar spending plan to scratch every left-wing democratic itch and all that did was jack up the inflation rate ultimately to 9% and by the first half of 2022, a year later, the economy was in recession with two negative gdp quarters. that's "bidenomics" and since then they have continued to spend and regulate and tax and their socialist green new deal war on fossil fuels has not only made all manner of energy products far more expensive here at home but it has raised oil prices around the world. thereby benefiting our enemies like russia and iran where biden foreign policy continues to appease rather than deter and

the same can be said for china which is financing two wars in ukraine and israel with massive oil purchases from russia and iran. that's "bidenomics." as far as the charge that republicans want to get rid of medicare and social security, that is just stupid, sophomoric malarkey politics. it is a pack of lies because the republicans are in favor of no such thing and biden knows that. in fact even in his state of the of the union, when biden tried to use the same lie about the big entitlements, even single republicans, every single republicans in the chamber rose up to boo him because it was completely wrong. people see right through these lies. you know, biden said recently, thanksgiving was a lot cheaper than before but in fact the american farm bureau came out and said wait a second, thanksgiving costs were 41%

higher than 2020. and right down the line cost after cost has risen enourmously from "bidenomics." real wages have been falling steadily for three years. high energy and grocery costs soaring insurance costs interest rates on borrowing to buy homes or cars, don't forget credit cards, all those rates are soaring. that's "bidenomics." in terms of the next 12 months or so the reliable conference board of index of leading indicators has fallen 19 consecutive months, nearly as bad as anything we've seen since world war ii. so the threat of a recession next year is rising and that's why americans are so unhappy with the economy. the recent "new york times" sienna college poll shows overwhelmingly people rate the economy poor or only fair. that includes 70% making less

than 50 grand, 61% making 50 to 100,000. that includes 89% of young people between 18 to 29. that includes 75% of blacks, and the same 75% for hispanics. women registered 65% poor or just fair. all that is a vote of no confidence in "bidenomics." nobody cares about a phony lies coming from a press secretary who has no clue about the subject matter but most disturbing of all the same lies come from the commander-in-chief who is trying to lie his way through a botched left-wing big government socialist policy that has utterly failed the vast majority of working folks in this country. indeed, the reason donald trump is soaring in the polls and now running ahead of biden as well as his primary opponent, is that working folks of all incomes, no

matter ethnicity, color, sex, they want a return to the peace and prosperity of the trump years. that's what's really going on out there, no matter how many fibs karine jean-pierre tries to sell. and that's my riff. we will talk some more about the economy later on in the show but first up let's go to our ace white house correspond peter doocy. peter what can you tell us? thanks for helping out today. >> reporter: of course. american diplomats are pushing for ceasefire about to expire to go longer. they think the pause in the fight something the best chance to get hostages out and there is a "wall street journal" item with qataris middlemen through hamas and israel says there is enough goodwill built up. with the hostage prisoner exchanges going on there could be talks about a permanent

truce. we don't know what that looks look. we don't know if there is appetite on the israeli side of that. they're talking about goodwill between the israeli side and the hamas side. there is not a ton of good will here in washington, d.c., about israel funding. there are democrats want to start putting red tape, attaching strings to, and conditions to the israel aid and there are republicans that are suddenly bringing ukraine aid into this. we should put israel and ukraine into something with border security. turns out democrats might not actually tank that plan. >> i will trust senator schumer to make a judgment what should to to the floor but i hope for a vote as soon as possible on aid for ukraine and israel. if there is no agreement possible. i'm willing to be flexible on proposals for immigration reform but not if they are in effect poison pills that are designed to sabotage that aid package.

>> reporter: we've got some video from today. pro-palestinian protesters have taken to the streets of new york. they are hopefully to disrupt tonight's rockefeller christmas tree lighting. hoping that will win hearts and minds from their cause. we're seeing silent protests a cia case officer for some reason has a social media account to post a pro-palestinian message. >> whatever it is on their side, what are you earth doing on posting on session media a professional analyst at the cia? >> reporter: president biden is in colorado. he is sticking to the script to only talk about "bidenomics" and his climate agenda. after he was talking he was so distracted walked by the greeters waiting for him on the tarmac. larry? larry: peter doocy, thank you for that. can i ask one follow up on this

idea coming out of the qataris, maybe the egyptians, i don't know, permanent truce idea, permanent truce between israel and hamas, which sounds so fanciful and to me but americans are sitting at the table also are they not? i'm reading that the cia director burns has been sitting at the negotiating table. has anybody in the administration made any public comment about this idea of a permanent truce? >> reporter: no. it's tough because they have not given us anything on the record today. they're basically supportive of the israeli side. we know that the israelis are saying this he want, they are prepared to resume the fighting as soon as this current pause ends which is just a couple hours from right now. so they want to get the hostages out. yet the american hostages yes, but as we understand it, bill burns is there kind of giving israelis the cia's best look at the battlefield in gaza.

but it's unclear that the united states is going to take a position on this. they don't want to a broader conflict in the middle east but they have already got this one on their hands. they're not sending u.s. troops in. it is unclear that they will take a public position. larry: all right. peter doocy, thank you ever so much. we really appreciate it as always. >> reporter: thanks. larry: folks, joining me now, senator eric schmitt who is former missouri attorney general. senator eric schmitt, welcome back to the show. can i just ask you at the top, there is a lot to talk about, this idea that's floating in the newspapers, "the wall street journal," peter doocy referred to it although we don't know what the americans are saying, of a permanent truce? in other words, israel is going to stop fighting and make a permanent truce with hamas and that's what the qataris want and i think the egyptian diplomats are pushing for that. really? do you think that is realistic

or do you have a different view? >> i think the israelis need to do what they need to do to wipe out hamas and they need the diplomatic and moral cover from the united states and moral support to go do that. there is a couple things to put this in broader context, larry, from just the last couple days. senators were invited to a private screening of some of the horrific acts caught on video by the terrorists themselves. not to get into too much detail it is as brutal as you could imagine. then today we had a briefing from an idf general talking about you know, what they're doing and how they're going about their business. this is an existential threat for israel. and so any, you know, discussion from anybody about how they ought to handle this is way too from mature. they need to be able to decide that. the united states needs to allow them to go to do that. we would expect the same. if we were attacked in that way i wouldn't be looking for any go aheads from anybody else. we make sure we wipe out

terrorists that that kill civil. they need to do what they need to do. larry: i said let israel be israel and let the idf do their work, but, but, democratic senators on the sunday talk shows, chris murphy of connecticut, bernie sanders, other democrats want to attach conditions to israeli financial aid. kind of like fighting a war without any casualties. they want to but in and talking about micromanagement and i think some people in the biden administration are behind this? >> well they're getting immense pressure from other democrats and the left to do this. you see protests on the street, people chanting from the river to the sea. it is really disgusting. i think democrats are caving to that. joe biden had a weird tweet last night about two states, we need to make sure hamas, very strange, very confusing, really

dangerous time to be saying things like that. i think democrats are talking about conditions and what israel can and can't do is ridiculous. and so, you also, larry, at the same time we're asking discussions about that there was some discussion lead in what the sip me mental might look like. you also have chuck schumer talking about the urgency of ukrainian aid, making sure we secure their borders, right? he doesn't want to deal at all with our open and porous southern border where there are millions of people coming across. there have been record months in september and october of this year. we're hearing next year there could be because it is an election year there could be multiple times where we've seen even this year. we have to secure our border. the democrats don't want to talk about that as far as i'm concerned they're fine with an open border. it has been joe biden's policy since day one this is the main issue americans care about. larry: i was asking, speaker mike johnson was in your senate republican conference meeting today and i wanted to ask you

because i know the issue of the supplemental was there but i also know that some republican senators just want to get the money out to ukraine and they will give up on the border security and particularly a change in policy. i mean, you know remain in mexico or build the wall. can you tell us what was that conversation like with mike johnson who i think represents hr.2 from the house and the gop senators? >> yeah he was very clear. i think most republicans there have to be really serious border reforms here. and by the way i'm skeptical because i litigated the biden administration when i was attorney general on things like remain in mexico. we had court orders, larry for them to secure the border and they ignored the law. i'm skeptical no matter what we do you will have a executive branch that wants to execute the law. that is issue number one. senate republicans tried last week, week before, thanksgiving to bring up the israeli issue by

itself. that is my position. let's deal with the issue one by one f they want to deal with ukraine, deal with it there is a lot of concern right now the democrats are not serious about the border, and my hope, my message to my republican colleagues, i'm unapologetic to this, let's support the house, republican house what they passed with the israeli issue, not side with chuck schumer and joe biden on this. larry: well apparently republican leader mitch mcconnell agrees with you or at least he wants some kind of reforms for the border as part of this broad package. i think that's a good thing. i think you would agree with that. i guess my question is where do we go from here? is there going to be a clear republican alternative? you know is there going to be a cloture vote with 60 votes necessary? will republicans stop that without a clear change in border policy? not just more money for babysitters or more money to expedite illegals coming in, but

a real change in policy? and how much money does ukraine get? israel gets 15 billion, that is the easy part. how much does ukraine get? is there a way out of ukraine? is there an exit policy there? i'm asking a lot of questions but they all seem to be tied up in this current discussion? >> i agree with you. like for example, with the israel issue, they have very clear objectives that are doable that they can accomplish. there is broad political support for it. we've not heard anybody, people advocating for more money for ukraine, there is no clear objective. there's no certainty or even a belief that can be accomplished right now. i think the american taxpayers that work hard every day and do they want us sending our money into a forever war with no you know exit strategy, right? so we have to ask these tough questions. so i think, these issues why i think it is important for us to lay these things out one by one, get serious about this. look the democrats are not

serious about the border. my concern is that we're going to end up with a situation where the people who want to fund ukraine, you know, come up to say voila, we found a border solution and it's not real. we have to be serious about this and if you're even going to have a discussion about that you need measurable certainty, like, actually the border is closed. no more games. no more hundreds of thousands of people every month, actually get to where we were with president trump where we had a secure border. it is our national security issue. we can't be siding with joe biden and chuck schumer. senate republicans have to hold firm. deny cloture on this, get serious. we can take the israel legislation up by itself. we should do that. then deal with these other issues one by one. i think it is imperative for senate republicans again to support the house and not side with joe biden and chuck schumer. larry: senator eric schmitt as always, sir, thank you very much for coming on. we appreciate it, thanks. >> food to be with you.

larry: folks, next up the great steve forbes, he will be here to lament the worst wave of anti-semitism since the 1930s preceding world war ii and of course the global economy is sinking. so we got big problems here and nobody better than steve forbes. i'm "kudlow." we will be right back. ♪.

- cash is king. you ever heard that? well, always was. always will be. and it's the cornerstone of every homeowner's budget. - i was a little stressed. i was a little worried about the situation, our financial situation and paying our mortgage. - a dollar doesn't go as far as it used to. gas, groceries, night out. some folks are cutting back to make ends meet. others are taking on an extra job. but what if there's another way to get extra cash.

- [narrator] if you're 62 or older and own your home, find out how a reverse mortgage could eliminate monthly mortgage payments, pay bills, medical costs, and more. - i'm sitting on this money that i could get that was tax free. - aag can show you how a reverse mortgage loan uses your built up home equity to give you tax free cash for almost anything you need. - [narrator] here's how. on average, seniors pay $1,300 each month on their mortgage. a reverse mortgage eliminates your monthly mortgage payment and puts up to $1,300 back in your pocket. that's a cashflow increase of up to $15,000 each year, or $150,000 in 10 years. - it just enables us to maintain what we were doing prior to retirement and not have to cut back. - [narrator] if your home's paid off, a reverse mortgage loan can still improve your cashflow. let's say your home is worth $390,000, around the average american home.

a reverse mortgage can get you access to a line of credit over $100,000 that grows over time. - get the extra cash to live the life you deserve. give aag a call today. - [narrator] call aag, the country's number one reverse mortgage lender and get your free info kit. call the number on your screen. (car engine revs) (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking)

larry: all right, my dear friend, the great steve forbes writes the outbreaks of anti-semitism after hamas's terror attack have eerie echoes proceeding era of world war ii in the 1930s. steve forbes, chairman of forbes media, editor-in-chief, author of inflation, why it is bad and how to fix it. the title here, eerie echoes of the era proceeding world war ii. it is a great piece, steve. read it. >> thank you. larry: the first point here is the outbreak of anti-semitism and it's in this country obviously. >> a shocker. larry: in our greatest universities for example. how is this possible? >> well just shows the whole break down of the culture, the moral rot, that we have civic

leaders. we have business leaders, who are not willing to stand up to this outbreak. in the 1930s you saw it badly in europe but at least it was somewhat contained here in the united states. now it's open. openly demonstration. openly calling for the destruction of the jewish state and that is a sign of the unraveling of the world. people feel things are spinning out of control. the leaders don't know how to handle the economy. national security is getting thrown overboard. the biden administration refuses to even introduce a defense budget in real terms increases our defense capabilities at a time when russia is now turning out more weaponry, iran is turning out more weaponry and china is going all out with weaponry. china may have a troubled economy but they're spending big on mill military means to confronted us. larry: steve, one the things i find troubling here, you mention leadership, you talk about moral clarity, i don't see moral clarity coming from mr. biden

and the white house. i was very disturbed. they set up an interagency group on islamophobia but nothing about anti-semitism. in fact the president and his top people hardly ever even refer to the wave of anti-semitism. you've got guys like yourself, alan dershowitz out there, you have some private leaders but not coming from the commander-in-chief. i find this very troubling. >> it just shows the absolute moral muddle which is very, very dangerous. if you're not willing to speak up over something happening against the very essence of the american experiment of having diversity of opinion, freedom of religion, and leaders who speak out when something bad happens. in the 1950s, during outbreaks of demagoguery leaders spoke out. you're not seeing that today. they're so fearful of offending somebody. they're offending civilization itself. the moral basis of this whole country, not willing to stand

up, having to be pushed out a statement we deplore a week later. don't go into hamas, don't go after hamas. in h many ways a great british is had torian, in many ways are worse than the nazis. nazis knew violence against the jews was criminal. that is why they tried to cover up the holocaust. hamas and these other groups are open about it. they boast bit. they do videos on it. what is the reaction of the west? oh, well, moral equivalence. rotten to the core. that's got to be reversed. it takes leadership at the top, moral clarity. what is right what is wrong. larry: somebody who knew a lot about moral clarity was ronald reagan. >> yes. larry: during the reagan administration you served you ran radio free europe, you ran radio liberty. so you have a good global view. now i'm concerned that the points you're making about the lack of moral clarity and action

to defend moral clarity are spreading globally and i think the come nation of that, plus a global recession is a very bad mix. it is an inflammatory mix that will lead to more wars. i mean threats of world war iii probably overstated but threats of civil unrest and additional wars not overstated. >> and making the world absolutely inhospitable enemy of the values you stand for. if you want to reduce it to material terms, less opportunity and and and creativity in the future. america has to take the lead on this. what you saw in the '30s. disasterous currency devaluation, taxes raising, chaos in the markets, lack of moral clarity with the rise of nazi germany. they say well, we've got world war i. larry: fdr never lifted a finger, fdr never lifted a finger about the holocaust or -- we fought the nazis and waited and waited. never lifted a finger on the

holocaust. >> the nazis knew, feared, red cross, pope, fdr saying this is wrong. never did it, never did it. steve you will come back later to talk about the poor state of global economy with john carney. thank you very much for that. >> thank you. larry: you wrote a hell of a piece. in "forbes" magazine. eerie echoes preceding world war i. only as steve forbes can do. coming up right now, oil prices are up ahead of the saudi opec meeting tomorrow. so what are they going to do? what impact will it have on the israeli war? we'll talk to oil state north dakota senator, our great friend, mr. kevin cramer. plus, whoa!, we've got monica crowley, we've got mark simone. they will walk towards here. if they would follow stage directions. they will talk about the 2024 election, all these endorsements, all these endorsements for governor

desantis and nikki haley but i don't think they matter. i think there is one guy that is way out in front but we'll get their point of view. we have a debate. gavin newsom versus ron desantis, yawn. anyway, i will be right back. i'm kudlow. folks should read steve forbes, eerie echoes preseizedding world war ii, a very serious warning. i'm 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. earning on that éclair. don't touch it, don't touch it yet. let me get the big one. nope. -this one? -nope. -this one? -yes. no. what? the big one. they're all the same size. wait! lemme get 'em all. i'm gonna get 'em all! earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours. (baby cooing) - [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes sacrifice is tedious. sometimes it's rewarding. and sometimes it takes everything you've got.

(man yelling) - i love you guys. - i love you too. - be careful son. (rotors whirling) (beeping) - [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes it's tedious - [father] you're doing so great son. - [joe] sometimes it's rewarding. sometimes it gives you back more than you could've ever imagined. the sacrifice they made for our freedoms is priceless. will you please join me in making a small sacrifice for them by supporting disabled american veterans? call and give $19 a month, just 63 cents a day. to help a disabled veteran who sacrificed for you. there's never been a greater time

to show your support for our nation's greatest heroes. get this memorial dav blanket when you call and give just $19 a month as a reminder of the sacrifice our nation's greatest heroes have made for you. your gift, no matter how small helps veterans and their families get the benefits they need and deserve. please, call or go online now. if operators are busy, call again. or give right away to helpdav.org your gift today honors their sacrifice forever.

larry: all right, here is a terrific story coming up. more than three thousand carers, 3,000, calling on joe biden to stop his radical electric vehicle push. our own edward lawrence live from the white house with all the details. edward, thank you. >> reporter: larry, it is 3900 across all 50 states. they sent a letter to the president to back off forced transition, forces 2/3s of cars sold by 2032 to be electric. in the letter it is quote, with

each passing day it becomes more apparent that this attempted electric mandate is unrealistic based on forecasted consumer do demand. vehicles are tacking up on our lots which is the best indicator of customer demand in the marketplace. >> you will have an ev crash. the industry is going to crash. the manufacturers will not keep up with the production. they will have to hit the brakes themselves and stop stop building these evs and something is going to break. there is an inflection point. i think we're there now. >> reporter: car dealers usually have a 90-day supply of cars on their lots. the evs are sitting 12 to 16 months. some dealers refused to take delivery of more new evs from manufacturers. here is senator mike braun. >> we're getting loaded up with vehicles no one wants to buy at this stage. whatever your long-term goal is, don't shut down your energy independence which we've done. don't go to unproven methods.

do that gradually, make sure the market want it. >> reporter: so the white house respondings to the letter saying that we positioned the united states to lead the clean energy foot. "bidenomics" is growing domestic ev and ev charging industry creating good paying jobs in manufacturing an installations, lowering energy costs for hard-working family improving air quality. joe biden is telling closest aides to actually speed up the forced transition. larry: 3900 dealers. i got that. >> reporter: about 25%, 25% of all the dealers in the country. larry: we thank you for that. folks along that report we have a saudi opec meeting tomorrow. don't know if they want to influence the israeli war or not. joining us north dakota senator kevin cramer, whose state happens to be oil producing

state among many my any of sent benefits. senator cramer, welcome to the show. just a quick thought on the edward lawrence report, 3900 dealers are in full revolt. they can't sell electric cars vehicles. they're sitting on the lot between 12 and 16 months. they cannot sell it. what does that tell you, mr. cramer. >> it tells me you cannot have a market heavily subsidized, full of mandates producing a product that nobody wants to buy. sure it produces, to quote president biden's letter a lot of good-paying union jobs, if that's your goal but they're going to be short-term jobs because no one's buying them off of the lot. this is just another attempt to manipulate the market, manipulate the supply by, you know, changing the demand curve. larry: you can't force it. >> only the market can do that. larry: you can't jam it down peoples throats. this is america. the culture says no.

bidens will not listen to this. let me move on. opec meets tomorrow, saudi opec. opec plus which means russia, in the middle of this israel- israel-hamas-iran war and so forth. what's going to happen here? how do you read this opec meeting. what do you think the saudis will do? >> well it looks to me like they're prepared to either, you know, keep status quo or even reduce production which i think the recent drops in price have anticipated an increase in opec production and now the tea leaves are looking the other way which is why prices are coming up a little bit. what is really tells me why do we as the united states of america with all of our resources in the bakken, eagleford and other places, in fact, by the way a quarter of our oil even on federal lands, or under federal lands why aren't we determining the world price of oil instead of allowing opec plus to do it? if we're producing more and cleaner and better and exporting it to our allies and friends

then we aren't sub jerk to these prices t gets right back to the first story, larry. we should be producing more combustion engine automobiles using cleaner production here in the united states of the very product that they run on because then you get to the next story about wyoming and this big find of rare earth element and we have rare earth elements in north dakota and which have rare earth elements in minnesota but the biden administration doesn't want to mind us here keeping us further dependent on our adversaries in china. larry: opec has cut back 5% of world oil production, roughly 5%. >> right. larry: five million barrels a day. the base is about 100 million barrels a day. if we were at 15 or 16 million barrels a day instead of 12 or 13, okay? extra four million barrels a day or five we would have covered it and prices would be a lot lower today for gasoline and every petroleum refined product and we

wouldn't be dependent and we wouldn't be helping iran. we would be hurting iran. we wouldn't be helping russia. we would be hurting russia. i have to get out, senator cramer. please come on the radio show this weekend. i want a long conversation. >> i will be at the reagan defense forum. i will be at the reagan defense forum this weekend. if i can fit it in on saturday. larry: i will arrange it for us senator cramer. let's talk a little politics ron desantis going up against gavin newsom on sean hannity tomorrow night. all these endorsements. nikki haley got endorsement by the koch brothers. one guy is ahead by 50, 60 points, to one talks except a few of us. monica crowley, former assistant treasury secretary of the trump administration. co-host of the monica crowley

podcast. i finally got a shot at that. mark simone, wor radio show host the best in the business. i am serious about that. can we get to this business, gavin newsom versus ron desantis. mark simone, sean hannity is the referee. what do you take the over and under on desantis. >> he had a rough time debating two week opponents in gubernatorial raise. it is a no-brainer. 1000% the facts are on his side. he is a bad debater. newsom is a handsome dashing guy. great salesman. larry: oh. >> if he ties or beatings desantis in the charm category, the outtaking him category, that's it, desantis is finished. hewell was finished. this time he may know it. larry: who are you picking? who are you picking? >> governor desantis has done an

extraordinary job in the state of florida. the economy is booming. the out-migration from the northeast and midwest and west where taxes and regulations are so high, he welcomed them all, economy thrived, culturally, socially, economically, you name it but the style factor is huge. gavin newsom is always full of it larry but style tends to trump in formats like this. we'll have to see. larry: gavin newsom is very cool. ron desantis is not very cool. >> the red versus blue debate is the debate we should be having. larry: i want to defend desantis. "wall street journal," desantis versus newsom, the report card. run down, employment, unemployment, personal income, migration, taxes spending as you both noted. these are important points. desantis should just run this

down. steve moore has met with him. i want to see desantis win because it is the red state, blue state argument that you make. if he looses that argument in some way, shape or form it is going to be, it is going to be a blow but, mark simone, can anybody possibly -- here, the koch brothers, i don't know whatever the thing is called, freedomworks -- >> americans for prosperity. larry: thank you, americans for prosperity. the late david coke was a very dear friend of mine, maybe yours too, but they have endorsed nikki haley. they will put money up for nikki haley. ron desantis has been endorsed by leading social conservative in iowa. desantis is betting the entire ranch on iowa, everything, his whole campaign. how is that going to work in your opinion? how -- endorsements, betting the ranch, hail marys in iowa, how will that work, mark simone? >> it doesn't matter whether you win iowa you can never get the nomination.

ask mike huckabee, rick santorum. you generally don't get the nomination if you win iowa. coke money, put in tense of millions in 2016. it didn't make any difference. as we know the donors are always wrong all the time. year ago they told us with this desantis. nikki haley the called the republican hillary clinton. jeb bush in heels, actually that is ron desantis. it is not going to work. larry: nikki haley, i know a lot of donors moved in nicky hail's direction. i don't want to trash nikki haley i served with her in the administration, et cetera, et cetera, but the republican party is for trump. she can try to get some crumbs of republicans that don't like -- i mean at least 80% of the gop is for trump. >> yes. larry: i think that has become the theme of the primaries. sort of full stop, end of sentence? >> look we can talk policy all day long. donald trump has four years of a

record, empirical evidence of delivering a booming economy and a enforced border world peace. i don't know what anybody expects or wants from an american president beyond that. nikki haley represents the republican establishment, globals that tend to be pro-china, pro-open trade, pro-open borders, that is not where the republican base is. the second point is donald trump has an emotional bond with these voters, not political, intellectual but emotional. larry: you said that. >> nobody can overcome it. larry: what was said on the show last night, rich lowery, editor of "national review" said basically the same thing. >> i was on with him on dagen's show. i said it. larry: then he picked it up. >> you conflated the two of us. larry: no, he said it on this show. i heard it with my own ears. we have to get out. >> too i am impossible for anybody else to overcome. larry: i will say this moment,

against i want to see governor desantis defeat governor gavin newsom even though newsom is a personal friend of mine by the way. he is a very nice man. i'm rooting for the red states. that is all i'm going to say. i don't want to see the red states lose. monica crowley, mark simone, thanks. we'll continue the conversation with steve forbes. we'll add in john carney. the leading indicators are threatening recession in the election year. no one wants to face up to that on top of all the other problems we have. teach forbes, john carney, i'm kudlow. we'll be right back.and ♪ some companies today bring politics into the boardroom, then into our living rooms. that's why i use spotlight reports from 1792 exchange. here, i can search more than 2,000 companies, to see if they care more about divisive social issues than about running a sound business. isn't it time we got back to the business of business? learn the risk to your company or family

at 1792exchange.com. hey, you should try new robitussin honey medi-soothers for long-lasting cough and sore throat relief. try new robitussin lozenges with real medicine and find your voice. you know? we really need to work on your people skills.

[sfx: cards shuffling] this holiday, weathertech gift cards are perfect for people to pick exactly what they want. laser measured floorliners that fit your vehicle precisely. keep your seats safe from messes with the child car seat protector. sinkmat protects under your sink. there's even something for our furry friends with the pet feeding system. order the weathertech gift card instantly for the holidays at weathertech.com ♪ ♪

i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move

with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network.

♪. larry: all right, we come back to the question, are we heading for an election year recession? steve forbes has returned and john carney of "breitbart economics and finance," coauthor of the daily "breitbart business digest" which is a must-read. john carney, i know you follow the numbers carefully, whatever, it may not be perfect but the conference board's index of leading indicators has fallen 19 straight months. i think we have a chart up on the full screen. that is nearly as bad as anything we've seen since world war ii and spells recession. what's your thought? >> absolutely. they say it is duration and depth that matters for the

decline in leading indicators and both are telling us right now recession is coming. the conference board also does the consumer sentiment index. that also, is it briefly popped up for a little bit in september. it is back down in recession territory. one at a time that would be scary telling us a recession is coming. they both together, both of them being there with the inverted yield curve, with all the other recession indicators are telling us within the next twelve months we should have a recession. look they have been telling us that for a while. larry: i know. >> one of these days they're going to be right. larry: wall street is not expecting it. >> no. larry: there is a lot of euphoria. look i don't want to be a sad sack. here is what i'm saying is what the data are. the steve forbes, the other issue, you were talking about a bit during earlier in the show, anti-semitic, lack of moral clarity. there is lack of economic clarity. you don't see a supply side model in this country or western

europe or hardly any place so the world economy looks bad. >> they have all drunk the kool-aid of ken syism, statism, monitorrism gone amok. there is no economy out there, major economy, systemally following lower tax rates, deregulation, trying to open up trade, stable currencies and the like to be a model for others. it is not out there. larry: is anybody cutting, you would think even in a slump even kensyians would want to cut taxes. is anybody cutting taxes? >> britain a new prime minister she wants to cut taxes they go bonkers. throw her out after 45 days. why cut taxes when you can raise them to trash the economy even more. it is actually perverse. people will look back and say what are these people thinking. the answer is they weren't. larry: i have to get out. you both are great, john carney, steve forbes. see you on the radio. i promise both of you.

a digital money coach in the chase mobile® app. ♪.

larry: you know, steve forbes, exactly right. we need the moral clarity, absolute moral clarity to combat the evils of anti-semitism and the terror of hamas. finish and if joe biden won't supply that moral clarity, why then we will replace him. all right? that's the way it's gonna work. but nobody can possibly replace david asman. [laughter] david: ah, there you