larry: hello folks welcome to kudlow i'm larry kudlow. in just a moment, we'll have

a washington report from great peter doocy about israel and other related news. thin senator eric schmitt will tell us about republican senate meeting with house speaker mike johnson. later on we'll talk politics about the gavin newsom and ron desantis debate on sean hannity. i think that is tonight or tomorrow night. it is coming up. and then steve forbes will be peer to la -- be here. and but 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 la a long suffering movie we've seen before, to refresh here is white house treasury secretary karine jean-pierre this past monday. listen and weep.

>> when we cau walked into this administration, the economy was on a sp tail thitailspin because of the trump administration, we came in and got the economy back on its feet, and republicans on other side of -- pennsylvania avenue. they are trying to increase health care costs and get rid of medicare and rid of social security. larry: oh, my goodness, you know, i hardly know where to begin, so many false hoods from the white house podium, first there was no tailspin, first quarter of 2021, american economy of growing at about 6. 5% if inflation late rate less than 1. 5%, and joe biden takings off january

20, gasoline prices, they were barely above $2 a gallon. and those are facts, madame press secretary. facts. >> facts. you have look it up, economic rebound from c covid class of was a v-shape recovery, i know from experience. we were touting a v-shaped recovery and took flack from the liberal washington media and the democrats, but we were right. and they were wrong. trump policies of tax cuts,y it regulation and drill baby drill created sound fundamentals. driving the economy back up. and smartest thing joe biden

could have done was -- wait for it, done nothing. that is what he should have done. no, the bidens pushed for 2 trillion dollar spending plan to scratch every left wing democratic itch all that did kfs jack up the inflation rate to 9%, and first half of 2022, a year later, the economy was in recession with 2 negative gdp quarters that is bidenomics. and sip then, they have continued to spend and regulate and tax, and their socialist green new deal war on fossil fuels made all amemanner of energy products more expensive at home and raised oil prices in world ebenefiting our enemies where biden foreign policy continues to appease rather than to 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 is bidenomics, and charge that republicans' to get rid of medicare and social security that is stupid, sophomoric malarkey politics. pack a lies, the republicans are in favor of no such thing. and biden knows, that even in his state of union, when biden tries to use the same lie about big entitlements and single republicans in chamber rose up to boo him because it was wrong, people see right through the lies ab-- biden said that thanksgiving is cheaper than before, american farm bureau came out and said, thanksgiving costs were 41% higher than 2020.

and right down the line, costs after cost has risen from bidenomics, real wages falling for 3 years and high energy and grocery costs add to that soaring insurance costs and interest rates to 53 buy homes and cars and credit cards, all those rates are soaring that is bidenomics, and terms of next 12 months. the reliable conference board index of leading indicators has fallen 19 c consecutive months nearly as mbad as anything that we have seen since world war ii. the recent new york time poll shows, that people rate the economy poor, or only fair. that includes 70% making less than 50 grand.

and that including 89 pi% of young people between 18 and 29, that is 75 percent of blacks and same 75% for hispanics, women at 75% poor or just fair, that say vote of no confidence in bidenomics, nobody cares about a bunch ofph phony lies from a treasury secretary who has no clue. to press secretary, 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 failed the vast majority of working folks in in country. the reason that donald trump is soaring in the polls, and now running ahead of biden as well as his primary opponents, is it working? of all incomes no matter,

they want a return to the peace and prosperity of the trump years. that is what is really going on out there. no matter how many fibs karine jean-pierre tries to sell. that is my riff. we will talk more about the economy. later on in the show. but first, we go to ace white house correspondent great peter doocy, what can you tell us and thank you for helping out today. reporter: we can tell i american diplomats are pushing for a ceasefire that is about to expire to go longer, they think when there is a pause in fighting that is best chance to get hostages out, and "wall street journal" item that is saying the qatari, middle men, they think there has been enough goodwill built up there could be talks

about a permanent truce, we don't know if there is an appetite on the israeli side for that, they are talking about goodwill between israeli side and hamas side. there is not a ton of goodwill here in dc about israel funding there are democrats that want to start putting red tape attaching strings and conditions to israel aid and republicans that bring ukraine aid into this, we should put israel and ukraine in to something with border security. turns out democrats might not actually tank that plan. >> i'll trust sinc senator schumer to make a judgment about what should go to the floor. if there is no agreement, i am will to be flexible on proposal for immigration reform but not if they are poison pills.

reporter: we have pro palestinian protester taking to streets of new york hoping to disrupt the rockefeller tree lighting, we have seen more silent protests from a cia case officer, for some reason las a social security account and used to to posta pro-palestine image. >> disconnected to post -- whatever it is. what on earth are you doing posting on social media when you are a f proportion analyst for the cia. reporter: president biden is in colorado, and trying to stick to the script, he did say, after a call with his national security team 'the hostage exchanges he walked by greaters waiting for him. larry: peter doocy thank you. can i ask a follow-up. on this idea come us out of

qataris, the permanent truce idea. that sounds so fanciful to me. americans are sitting at the table also are they not? i am reading that cia director berns, has been in administration made any public comments about this idea of a permanent truce? reporter: no, they have not given us anything on the record today. they are supportive of israeli side, and israelis are prepared to resume the fighting as soon as this current pause ends, which is just a couple of hours from now. they want to get hostages out, but as we understand it, bill berns is there giving the israelis the cia best look at the battlefield in gaza. but, it is unclear that the

united states will take a position on this. they don't want a broader conflict in the middle east, but they have got this one on their hands, they are not sending u.s. troops in, unclear they will take a public position. larry: all right, peter doocy thank you so much we appreciate it. >> all right. folks joining me now. senator e eric schmitt. welcome back. can i ask you at the top. a lot to talk about. this idea that is floating in newspapers, "wall street journal," and fo peter doocy referred to it. of a permanent truce? israel will stop fighting and make a permanent truce with hamas? that is what the qataris want and i think i the egyptian diplomats are pushing for that, is that

realistic? >> i think that israelis need to do what they need to do to wipe out hamas, and they need the diplomatic and moral support from u.s. there a couple things to put in broader context, senators were invited to private screening of some of the mhohorrific actions auto video, it is brutal as you could imagine. then today we had a briefing from an idf general talking about what they are doing and how they will go about their. this is an extension threat for israel, any discussion from anyone about how they should handle this is premature, they need to decide, we would expect the same. it we were attacked that way, i would not be looking for go aheads from anyone else, we would make sure we wiped out those terrorists.

that what is happening in israel, to me, they need to do what they need to do. larry: i have always said lit iz -- let israel be israel, but you have democratic senators, sunday talk shows chris murphy of connecticut, bernie sanders, you have other democrats, who want to attach conditions to israeli financial aid, like, fighting a war without any casualties, they want to butt in and talk 'micro management, i think some people in biden administration are behind this. >> they are getting pressure from the left to do, you see people chanting from river to the sea, this is it is gusting, i think that -- disgusting, joe biden had a weird tweet last night about two states -- it was strange and confusing at a dangerous time to be saying things

like that i think that democrats are talking about conditions, on what israel can and can't do it ridiculous, we're there are discussion lead in about supplemental might like look and you have chuck schumer talking about urgency of ukrainian aid and secure their borders. he doesn't want to deal with our open and p porous southern border. we have have millions of people coming across, we hear that next year there could be because there is an election year, we could have multiple types. we have to secured border. democrats don't want to talk about that, it has been joe biden's policy since day one. larry: i will ask you, speaker mike johnson was in your senate republican conference meeting today, and i want to ask you, i know the issue of this

supplemental was there. but, i also know that some republicans senators just want to get the money out to ukraine and they give up on border security. and particularly a change in policy, like, you know remain in mexico or build a wall, can you tell us, what was that conversation like with mike johnson. >> he was very clear, and i think most republicans, there have to be serious border preforms. -- reforms, i litigated biden administration who i was attorney general. on things like remain in mexico, we have court orders and they ignored law, i am i think no matter what we do, they will want to execute the law. and i think senate republicans, we tried to bring up israeli issue by itself, that is my position,

deal with that issue, one by one. but yeah, i think there is a lot of concern that democrats are not serious about the border, i would hope, my message to my republican colleagues, let's support the house. the republican house and what they pass with israeli issue not side with chuck schumer and joe biden on this. larry: well, republicans leader mitch mcconnell agrees with you, or he wants some kind of a reform for the border. as part of this prod package. -- broad package that is a good thing, i guess my question is where do we go from here? a clear republican alternative or a vote, republicans stop it without clear change in border policy, not just more money are in baby sitters or to expreexpedite them coming in, but how much

money does ukraine get. israel gets 15 billion uhow much does ukraine get, is there a way out of ukraine? is there an exit policy, i'm asking a lot of questions, but they seem to be tied up in this discussion. >> i agree. i think that for example with israel issue, they have very clear objectives. that are toabl doable, we have not heard anybody, people advocating for more money for ukraine in is no clear objective. no certainty or even belief that could be done. i think of american taxpayers that work hard every day, do they want us sensending their money to a forever war with no exist strategy. -- exit strategy, we have to ask the tough questions it important to lay these out one by one and get serious, democrats are not serious about the border, my concern

is that wil we'll end up with a situation people who want to fund ukraine say, voila we found a border solution it is not real, we have to be serious about this and you need certainty, actually the border is closed, no more games are thousands of people a month, get too where we were with president trump where we had a secure border. senate republicans have to hold firm and get serious, but we can take israel legislation up by itself, we should to that and deal with other issues one die one. i think -- one by one, it is imperative for senate republicans to support the house. >> senator eric schmitt thank you very much. >> thank you. larry: next upgrade steve

forbes, he will be here to lament the worst we've of anti-semitism since 1930s. and the global economy is sinking. we have big problems. and nobody better than steve forbes, i'm kudlow. we will be right back. (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. ♪ explore endless design possibilities.

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larry: all right, my friend, great steve forbes writes that outbreaks of anti-semitic after hamas terror attack have eerie echos of era preceding world war ii in 1930s, joining us now steve forbes. the title is eerie echos of the era receding world war ii, a great piece. the first point here is the outbreak of anti-semitism. it is in this country.. >> this is a shocker. larry: in your greatest universities for example, how is this possible? >> it shows whole break down of the culture, moral rot

and civic leaders and business leaders who are not willing to stand up, in 1930s, saw badly in europe, but it was somewhat contained here in u.s., now this is open, openly calling for destruction of the jewish state that is a sign of the unraveling of the world. national security getting thrown overboard, bi biebiden administration refuses a defense budget, at a time when russia is turning out more weaponly and iran is turning out more weaponly and china is spinning big on military means to confront us. larry: one thing that i find most troubling here, you mentioned leadership. moral clarity. i don't see any moral clarity from mr. biden and the white house, i was

disturbed they sit up an interagency group on is islamophobia but nothing about anti-semitism, the president and his people hardly refer to the wave of anti-semitism, you have guy like yourself and alan dershowitz and private leaders but not the commander in chief, this is troubling. >> this shows moral muddle which very dangerous, you are not willing to speak up of something happening. and leaders who speak out when something bad happens. in 1950s, we had outbreaks of d demagoguery leaders smokspoke out, they are so fearful of offensing someone, they are offending the moral basis itself.

not having to put out a statement, you see it in their foreign policy, don't go to southern gaza, don't destroy hamas, my god, hamas is worse than the nazis, the nthe nazis knew that it was criminal, they tried to cover it up their holocaust. hamas is and other groups are open about it, they boast about it and video it, and the reaction of west. larry? >> moral equivalence. >> reagan due about moral clarity, you served for the administration, you have a good global view, i'm concerned that the points you are making about the lack of moral clarity and action to defend it are

spreading globally, and i think that combination of that and a global recession is very bad mix. that will lead to more wars. threats of world war iii may be overstated but threats of civil unrest and national wars. >> making world inhospitable. less prosperity, in the future, america has to take the lead on this, about what saw in 30s, a disastrous currency de valuation and taxing raising and chaos in the markets, and rise of nazi germany. larry: fdr never lifted a finger about the holocaust or the -- we fought the nazis but waited and waited. by the way never -- >> and nazis knew, they

feared red cross or pope or ftr saying this is wrong could but they never did. larry: you are coming back later and talk about poor state of the global economy canwith john carney. written as beautifully only steve forbes can do. coming up oil prices are up. ahead of saudi opec meeting tomorrow, what will they do? and what impact will it have on the israeli war, we start to oil state north dakota senator mr. kevin kramer. and we have monica crowley. we have mark simone, they will walk towards here, if they would follow stage directions and talk about 2024 election, the endorsements, for governor desantis, and nikki haley,

i don't think they matter. i think that there one guy that is way out in front. we have a debate, gavin newsom versus ron desantis. yawn. i'll be right back. i'm kudlow, read steve forbes, eerie echos of era preceding world war ii, a very serious warning. kudlow, we'll be right back. one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com.

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(announcer) change your life at golo.com. that's golo.com. larry: more than 3 thousand car dealers, are calling on joe biden to stop his radical electric vehicle push. edward lawrence is live from the white house. reporter: this is 3900 across 50 states, and they sent a litter to president asking him to back off, that forces two-thirds of cars sold by 2032 to be electric, in the letter it says:

>> you will have an electric vehicle crash, the industry of crash, manufacturers are not able to keep up with production, they have to hit the brakes and stop building the ev's. something is going to break. reporter: car dealers usually have nu 90 day supply of cars on their lots, the ev's are sitting 12 to 16 months, some dealers are refuses delivery. >> we're getting loaded up with vehicles that no one wanteds to buy right now, whatever your long-term goal is, don't shut down your energy independence which we have done, don't go to

unproven methods do it gradually and make sure that market wants it. reporter: white house responding to the letter saying: >> sources tell me that president biden is telling his closest aides to speed it up. larry: 9 3900 dealers. >> 25 percent. larry: thank you so much for that. >> along side that report we have a saudi opec meeting tomorrow, don't know if they want to influence the israeli war or not, joining us now north dakota senator kevin kramer whose state is an oil producing state among

many benefits, senator kevin cramer welcome back. a quick thought on that report, 3900 dealers are in full revolt, they can't sell electric vehicles, they are sitting on the lot between 12 and 16 months, what does that tell you? >> well, if tells me that you cannot have a market that is 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 is your job, but they will be short-term, but no one is buying them. this is another attempt to manipulate the market. the supply by you know, changing the demand. >> you can't force it. >> you can't. larry: you can't jam it down people's throats this is america, culture says no.

that biden will not listen. moving on opec meets tomorrow and saudi and opec plus that means russia, in middle of this israel-hamas iran war. what will happen? how did you read this opec meeting what do you think that saudis will do. >> look like they are prepared to either keep status quo or reduce production. the recent drop in price anticipated an increase in production, now the tea leaves look the other way, that is why prices are coming up. why do we as u.s. with our resources. by the way, what quarter of our oil on federal lands, why are not de determining the world price of oil.

it gets to first story, we should be producing more automobiles combustible engine with cleaner production in u.s. of very product they run othen you get to the next story about wyoming and a big find of rare earth elements and we have rare earth elements in north dakota and minnesota, but biden administration does not want to mine them, keeping us further diagra depen depending on china. >> the base is 100 billion barrels a day, if we were at skaiat -- 16 million a day. extra -- we would have covered it and prices would be a lot lower today. for gasoline and every petroleum refined product,

we would not be helping iran, we would be hurting iran, senator kevin kramer we'll talk more about that, come on radio show this weekend. >> i am going to be at reagan defense forum. larry: you can -- >> if i can fit it in saturday. larry: i'll arra arrange it. >> you will. >> best of the best. >> let's talk politics. ron desantis and up again gavin newsom. on sean hannity tomorrow night. then the endorsements, nikki haley from the koch brothers, one guy who is ahead by 50 or 60points, we have monica crowley, she is a former assistant treasury secretary of trump administration and most of monica crowley podcast and mark simone.

radio show the best in the business. gavin newsom versus ron desantis. i begin with you mark. sean hannity will be host and referee. what is your take? you take the over or under for desantis. >> a big problem, he is not a good debater, he had a rough time in debating two weak opponents, this case it is a no-brainer. thousands percent facts on his side but he is a bad debate ir, and newsom is handsome dashing guy, a great salesman, if he ties ear beat desantis in charm category. that is it. desantis is finished. he was finished but this time he may know it. >> who are you picking? >> governor desantis has done a great job, in the state of florida.

the economy, it is booming and out migration from northeast and mid west and west where taxes and regulations are high, he has welcomed them all, economy is thriving. you name it. but the style factor is huge. gavin newsom is always full of it. but style trumps it. we will have to see. larry: gavin newsom is very cool. ron desantis is not so cool. but -- >> i will say, red versus blue state debate is the debate we should be having. larry: i want to defend desantis, the "wall street journal" here desantis versus newsom, a score card. you run down. . employment. businesses, income, population, migration, cheaper energy and taxes and spending they are important. desantis should just run this down, and i know steve

moore has met with him, i want to see desantis win because it is the red state blue state argument. if pol he loses it, this is a blow, mark, can -- here. the koch brothers, i don't know freedom works or whatever it is. >> americans for prosperity. >> thank you, david coc ckoch was a great friend of mine, they are putting money up are in nikki haley. and desantis betting the ranch on iowa. whole campaign. how will ha work? in your opinion, how will that work? endorsements and betting ranch, and hail marys. >> it does not work -- does not matter if you win iowa. you could win iowa and not get nomination.

the koch brother money, they put in millions it sounds intimidating, he did that in 2016 it did not matter, donors are always wrong. a year ago they told us this with desantis, nikki haley, they call her republican hillary clinton. tricky nikki. it is not working. larry: nikki haley, look, i know a lot of dorns ors -- donors who moved in her direction, i don't want to trash her, i served with her, but republican party is for trump. she can try to get some crumbs of republicans that don't like -- it is at least 80% of the g.o.p. is for trump. and i think that has become the theme of the primaries. >> look, we can talk policy all day long. donald trump has 4 years, of

a record. evidence of delivering a booming economy, an en forced border and world peace. nikki haley represents the republican establishment, globalist that tend to be pro china, preopen trade. and preopen borders, that is not where the republican base is. the second point is that donald trump has an emotional bond with the voters not political,. larry: you have said that many times. >> yes, and that bond is unbreakable. larry: actually. >> no one can overcome it. larry: you know what said it last night? rich lowry. >> i was on with him, i said it. >> he picked it up. >> he said it on this show, believe me i heard it. >> it -- >> we have goat out. >> too impossible for gone el to cover om. >> i will say -- impossible for anyone else to o

overcome. >> i want to see governor desantis defeat gavin newsom, personal is a friend of mine, i am rooting for rred state. monica crowley, mark simone thank you. >> coming up, we will continue conversation with steve forbes and add in john carney, the leading indicators are threatening a recession in the election years. steve forbes and john carney, i'm kudlow, right back. o 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?

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larry: we come back to the question are we headed for an election we're recession, steve forbes has returned and john carney breitbart. john, i know you follow the numbers. whatever it may not be perfect but the conference board index of leading indicators has fallen 19 straight months. that is nearly as bad as g g anything that we've seen since world war ii. >> absolutely. they say it is du

duration and depth that matters, they together, one at a time it would be scary. but they both together, with the inverted yield curve, they tell us within the next 12 months we should have a recession, one of these days they will be right. larry: wall street is not expecting it. i don't want to be a sad sack. here is the data, steve forbes the other issue, you were talking about before with anti-semitic and terrible lack of moral clarity there is a l lack of economic sh clarity,

the world economy looks bad. >> they all drunk the kool aid of keynesianism and statism that have gone amuck, there is no major economy that is sy systematically following lower tax rates and s stable currencies. larry: you would think in a slump, even keynesians would want to cut taxes. >> look at britain's year ago with a new prime minister, she wants to cut taxes they go bunkers against her, throw her out. they got rid of her in 45 days. they were not thinking. larry: you are fre great, john carney and steve forbes, we'll talk more on the radio, i promise, both.

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larry: that's it for kudlow, thanks for watching, folks. (dramatic music) - [narrator] in 1918, henry ford calls the press for a shocking announcement. - today is a monumental day, gentlemen.