cold has to do more with growth. this is a company that is supply chain logistics for food. so it's primary the u.s. but also global. cold chain infrastructure. this has been a choppy business the last few years coming out of the pandemic with various disruptions in food supply and also the labor market. they are huge employer of people that work in these facilities. if you think about 2024 we think you start toe normalize in terms of demand for their assets and labor will be a big tailwind for them. liz: greg, thank you. you like agree realty and sabre. tomorrow four time super bowl champ ron gronkowski and leon cooperman. dow will close down 229 points. we'll see you tomorrow.

♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. president trump blowout victory in iowa last night. just a moment the great sandra smith will report on the fox voter analysis. mark simone, joe concha will be visiting us with their thoughts and "breitbart"'s alex marlow and our monica crowley but first a couple quick thoughts from me on this story. yes donald trump's historic blowout in last night's iowa caucuses outdid owl expectations and gives him momentum going into the new hampshire next week. his campaign price ad superb ground game, producing 51%, winning 98 of 99 counties. losing the 99th by one measly vote. importantly fox's voter analysis showed that the two top issues for iowans were, the illegal

immigration crisis and the economy. this was president trump's bread and butter. as i have said many, many times, he has run an issues campaign and it worked spectacularly last night in iowa. actually, the illegal immigration catastrophe was the number one issue for caucus-goers and here's what the president said in his speech last night, please take a listen. >> we're going to seal up the border. [cheering] because right now we have an invasion, we have an invasion of millions and millions of people that are coming into our country. i can't imagine why they think that's a good thing. it's a very bad thing and we're going going to do, have a deportation level we haven't seen in this country for a long time since dwight eisenhower actually. larry: of course this is a signature trump issue. frankly signature issue going all the way back to 2015 when he first announced his candidacy for president. it's a problem he basically

solved in his first term but then it's a problem that joe biden recreated. now secondly, drill, baby, drill, liquid gold, tax cuts and a return to prosperity, another signature trump issue. take a listen to what he had to say about that last night. >> now we're a nation in decline. we are going to turn it around so fast, it's going to happen so fast. we're going to drill, we're going it have great wealth. we'll use that money to low every your taxes further. we gave you the biggest tax cut in history and we'll going to lower them further and pay off national debt. it's about time. larry: oh, love that stuff. drill, baby, drill, liquid gold, tax cuts, doesn't get any better than that for prosperity. now importantly the former president last night held out olive branches to both ron desantis and nikki haley. he he congratulateed their

efforts and called for unity. this is the exact approach and tone. here is how he said it. >> i want i want to congratulate ron and nikki having a good time together. we're all having a good time together and i think they both actually did very well. i also want to congratulate vivek because he did a hell of a job. he came from zero and he's got a big probably, 8%, almost 8% and that's a amazing job. they all did. they're very smart, very smart people, very capable people. larry: all right. well-put. the key of course is to defeat president biden and his open border catastrophe, his failed "bidenomics," his socialist green new deal and his collapsing foreign policy. i know the primaries will go on for a while though are trump will be a sure winner in my judgment. hopefully the after avalanche of

endorsements including vivek ramaswamy and senators, governors, too numerous to announce and hopefully will join the unity ticket behind trump before too long. one signature trump theme showed up in last night's voter analysis. iowa republicans want total change how the u.s. was run and they voted overwhelmingly by 69% for mr. trump. now this is the trumpian drain the swamp. whether two-tiered election interfering justice system, the fbi, cia, corrupt prosecutors across the country, a lack of law and order, parental rights in the classroom, free speech, tenured civil servants, woke dei rather than merit, america under joe biden has veered sharply left in the wrong direction. donald trump believes that he can fix a very broken system.

so did the voters of iowa and they won't be the last. it's history in the making and that's my riff. now, here's one of the heroes of the night, one of the great heroes of the night to take us through the key groups that pushed trump to victory, sandra smith, coanchor of america reports with john roberts. >> thanks for having me. larry: you were fabulous last night. >> thank you. larry: in fact your issues analysis which really came before the clear voting patterns suggested to me that trump was going to have a good night because these are trump's issues and i want walk through some of them, get your content. first one, interestingly, immigration outpolled economy and jobs. what do you make of that? >> can you really separate them? i think a lot of people looking at that analysis say a lot of american voters in this case republican voters in iowa, they see immigration becoming a bigger and bigger economic issue

in this country. larry: right. >> those who saw that as the top concern facing the country today, they supported donald trump overwhelmingly. so people see this as a lawlessness issue that continues to grow in this country. they're concerned about that. you know i was talking to charles at 1:00 today, charles payne, he said, we're getting to point where we have to acknowledge that the growing number of migrants coming over the border, the flooding of these american cities it is overwhelming resources and becoming a bigger, bigger economic issue. larry: probably depressing real wages. you have a lot of cheap labor coming into the country illegally and i think, i think a lot of americans resent that. that's what i think. >> that will be one of those data points we see how plays out over time, not an immediate response but overwhelminglily there were voters on the ground in iowa saying they want to see change. you just acknowledged that question we asked. how much change would you like to see in how the country was

run? this question clearly shows that voters who want change want donald trump back in office. so those who wanted substantial change, 56%. those who want complete and total upheaval, 33% of voters that we talked to leading up to the caucuses. 70% of those that want complete and total upheaval, 70% supported donald trump. desantis was all the way down to 15%. these people don't like the way things are going. whether the economy, whether immigration, crime, our involvement in overseas dealings and want to put donald trump back in office. larry: social policies. rogue dei. harvard, claudine gay. i'm not -- i am just being serious. people are just fed up and they know america is in the wrong direction. by the way that is what the polls show with respect to biden, going in the wrong direction consistently and

getting worse. >> look at the question about your family's finances and this will be a theme we'll watch throughout the primary season, do you feel like you were better off today than you were a few years ago? do you feel like you're getting ahead? 11% said yes. some might say that sounds high right now. those tended to favor nikki haley in our fox news analysis. those who feel like holding steady or falling behind, whoa, i mean, 89% of respondents, larry. if you feel like you're falling behind, looking for a change, don't like the way things are going, looking for things in the white house and looking for drastic change. larry: i see a debate, trump-biden debate, trump asks are you better off than you were four years ago? that is what this is telling me. the answer will be no. >> we should always be asking that question. voters asked that question when they head to the ballot box. also, the question over the rural voter, we were watching this with the weather, do you

remember walking in on my set and teasing us about a the weather? larry: that was an hour ago. that was the, yeah, yeah. >> leading up to this obviously weather was, rightly so a huge concern for voter turnout. well was it the rural voter that sort of is used to battling the temperatures and they were going to just go out anyway and it was urban city dwellers that weren't going to go out? the small town rural voter, 62% of them, 58% threw their support so donald trump. larry: came out. >> they came out. martha maccallum kept saying that in our coverage all day. i don't know. streets are busy. cars are out. larry: it was well-educated urban wusses that stayed home under their electric blankets. hardy folks in the your ever rural areas. >> evangelical voter.

college degree 57% of respondents, those were college degree 33%. when you break it down donald trump won that group with 32% supported him. these are his vents. he does very well. larry: with the college degree? >> he edged out nikki haley by two points. larry: that was "the new york times" story, "new york times" of all places that said college educated voters are learning to like trump again. no, no, that was a big story. can i ask you in that sense, young voters. >> yes. larry: young voters. now polls are showing under 30 are starting to come around to donald trump. did you pick any of that up last night. >> the under 30 crowd, 52% of them supported donald trump. larry: wow. wow. >> next up was vivek ramaswamy by the way. but a distant second ad 17%. larry: that is awesome. that is -- so -- >> i love this real time reaction.

larry: you can't, no, no but it's interesting. so you're talking about sweeping all demographics? that's what this was, a total sweep. you can't knock it down saying well it was just this and it was just that. >> yeah. larry: it was across the board. >> even dive deeper into the demo. that was the under 30 crowd. over half supported donald trump. let me give you more specific. the 30 to 44-year-olds, 20% of respondents, donald trump still won with that crowd, 46%. okay, ron desantis was a distant second at 23%. i know these are a lot of numbers. larry: these are important numbers,. >> ran the stable. table. larry: he said for months and months. he is running an issues campaign, it is not a brief vance campaign, it is an issues campaign. it it clicking. in iowa, my personal view, these

issues are resonating, if you talk about the republican primaries these issues will be unbelievable for trump. these are his signature issues. this is not new for him. the others never emphasized it as much. they don't communicate it as well as he does and they haven't been around as long. he is the guy. doing this from 2015 from day one. >> go out there, buy your gas -- go buy your tractors. larry: i thought he would hand out ethanol right there. that was a joke. >> that was his open. real quickly, foreign policy. this would be nikki haley's strength, right? which one of the following would you say is the most important issue facing the country. foreign policy was way down the list, it was 7%. but third on the list to the immigration and economy. donald trump won with foreign policy as well. he edged out nikki haley by two points in that category. larry: people wouldn't mind seeing the united states have a more restrained view of foreign policy. that showed up in your issues.

>> yes, our involvement, our role in the world. larry: yes. >> he won that as well. larry: one last one, i just can't help myself, u.s.-mexico border wall. favor 88%. opposed 12%. i dare say that's a trump issue. >> i mean this takes him back to his playbook of 2016 right? larry: signature issues. people remember. he gave it his best shot the first time around. he got a lot of victories. he had some defeats. he is coming on strong. a hell of a night. >> i was just the face, there is a huge team behind gathering all this data. it is phone calls. it is online surveys. larry: give you a lot of credit. you were a total star last night. >> thank you. larry: people love issues. it is not just the horse race. they love the issues, because issues will determine this. >> they want you to learn something. they want you to provide the data so they can decide for themselves. they have can sort of you know, imagine what's going to happen next. now we look forward to new hampshire.

you know these numbers could look a lot different. we don't know. we'll watch. larry: sandra smith. catch sandra along with her coanchor john roberts on "america reports" weekdays, every day 1:00 p.m. eastern on fox news. every now and then i even show up there thank you, sandra, the best of the best. >> thank you, larry. larry: up next on "kudlow," this is history in the making. we'll have a little discussion with joe concha and mark simone right here on set. remember you can catch "kudlow" monday through friday at 4:00 p.m. we do not compete with sandra, right here on fox business. for some reason you can't make it at 4:00, please just text your favorite nine-year-old and she will show you how to dvr the show and you will never miss a issue in this campaign. i'm kudlow. thank you, sandra. ♪

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♪. larry: all right, a jumpy day on wall street. the dow was off as much as 350 points for a while. bond yields went way over 4%. we have gerri willis to tell us the here, now and why, good evening, gerri. >> reporter: good evening, larry. that's right, stocks selling off after federal reserve governor christopher waller said the central bank is likely to take its time cutting rates. the dow was down 230 points, 231

points that is. s&p off 17. the nasdaq lower by 28. markets have been expecting an aggressive easing cycle this year with as many as seven rate cuts but waller's comments cut that market optimism. he said inflation had fallen but not quite enough yet. here is the quote from waller, in many previous cycles the fomc cut-rates reactively and did so quickly and often by large amounts. this cycle however i see no reason to move as quickly or cut as rapidly as in the past. in other market news shares of apple falling on iphone price cuts in china. those cyclical names having a hard time today, larry, back to you. larry: thank you, gerri willis, we appreciate the update very much. all right, moving right along we'll talk some more about this iowa blowout by donald trump. joining us mark simone, hall of fame, wor radio host, and joe concha, media, politics

columnist at "the messenger" and fox news contributor. mark simone, where does this leave nikki haley and ron desantis? because they lost but they lost by a lot, lower expectations and i don't think anybody expected this kind of thing. now they're going on to new hampshire and -- i don't understand, what is their path to victory? >> there is no path too victory. talking about second place, you're 30 points behind in the biggest landslide blowout in iowa history. by the way trump would have had another five points but a lot of his supporters said they knew he would win from the polls and didn't want to go out in the awful weather. so desantis said i got my ticket stamped. you got your clock cleaned. i'm still standing. you're crawling just barely. larry: i didn't understand that either. first of all governor desantis did not have the graciousness to at least congratulate trump.

haley did. trump was very gracious to both of them last night. i don't know. he got his ticket punched into where? he is very far behind in the polls in new hampshire. he is very far behind in the polls in south carolina. look i don't want to just beat up on him. that's what the polling numbers show. polls are not votes although polls had a very good night last night as it turns out. where is this ticket or is this a ticket to know where? >> it is nowhere. tampa bay, the other team loses, you can't say well we're in second place. you lost the game, you got wiped out. it is a big, big victory for trump. the eastern establishment, the dems and media they will tell you how great desantis is, how great hill hill. it got to the heartland, real america. they're not voting about january 6th. there are voting border, pocketbooks and that is where trump won big. larry: joe, get you in a minute. if we can replay trump's very

gracious unity call that he made last night. it was the first thing he delved into before he got to any of the issues? i think we have it on sound and then you can comment. here it comes. >> okay. >> i want to congratulate ron and nikki for having the, a good time together. we're all having a good time together. [cheering] i think they both actually did very well. i also want to congratulate vivek because he did a hell of a job. he came from zero and he's got a big percent, probably 8%, almost 8%. and that's an amazing job. they all did. they're all very smart, very smart people. very capable people. larry: joe concha, i mean i think he struck the right tone. he was extremely distinguish schuss. it is a unity call but he did say how well they did and of course vivek came around, dropped out of the race and

endorsed trump. i don't want to say this is the new trump because i know this side of the president but i'm not sure everybody else knows this side of the president but this is the trump we saw in the foxtown hall meeting that may have been an inflection point in this entire campaign. what do you make of this and you think it had any impact on former governor haley and former governor desantis? >> larry, charming, magnanimous trump is better than angry trump right? because he exudes confidence in the situation. looks like he is above the fray. he used ron and nikki, desanctimonious took the night off. that reflected well. i want to get back to ron desantis, mark is right. there is no path here. one poll came out american research, trump 40, haley 40, in new hampshire, overwhelmingly gets northern republican voters to her side as we talked about. desantis is 4% in the poll.

he flew to south carolina after iowa. basically punting for new hampshire. if haley wins new hampshire, two-person race, desantis dropses out. we might see trump and haley on a big lead. is. larry: is there amafia game in south carolina? >> no playoff game in south carolina. i'm not quite sure. larry: mark, do you think it will be toss-up in new hampshire? >> you can't go by new hampshire. it is a freaky place. they allow anybody and everybody to vote. it won't be a big barometer of anything. larry: i don't mean to interrupt, a big push by the governor who is republican, sununu. there is a big push by everybody to enroll democrats and or democrat-leaning independents. now i don't know how this will turn out because they may come out for trump too. i'm a little skeptical of the quality of the results in

new hampshire. >> it is all muddied up. half of new hampshire is big suburb of boston. mit, cambridge sort of crowd. i wouldn't go by them. this was a true teslas night. it was an unbelievable landslide for donald trump. it was a bad night in davos last night. larry: oh, davos. quaking in their boots. i wanted to save this for alex marlow of "breitbart" but now that you brought that up, yes, they can't be happy. >> they were tossing and turning. larry: trump is back. tanned, rested, ready, he will come after them. oh, a chill up my spine. >> so big for trump, msnbc refused a news organization refused to broadcast his speech. larry: can we talk about that for a minute, joe concha? >> yeah. larry: that is unbelievable. msnbc broke away. msnbc wouldn't give him a paragraph or two. >> they say they won't allow lies on their network. they will protect viewers from

donald trump. odd on favorite to win the gop nomination and they will say in the same breadth stick around for adam schiff who will never lie on the air. we'll go to in sell block 8. larry: then fani willis. >> fani willis will be there. larry: section, lies and videotape. how is she doing, fani willis? >> not well. they claimed that donald trump is anti-immigrant. he is married to an i am at this grant how -- >> that was cnn jaeb tapper pulled cnn's coverage off because we can't show this anymore because of donald trump's anti-immigrant rhetoric. he is not anti-i am my granted. to mark's point he is married to one. he is for illegal immigration. illegal immigration turned out entrance polls in iowa, number one issue even more than the economy, larry. cnn will not talk about that. >> i'm sorry to hear that, jake tapper is a friend of mine. >> performance art. that is what it was. larry: it wasn't good.

>> friends and relatives watching were probably not offended though. larry: mark simone, go out on a limb, when does nikki haley and ron desantis drop out of the race? >> she will stick around for new hampshire. she has to get out south carolina. she will lose there. she is way behind. desantis 30 points behind in florida. he has to get out. larry: joe. >> desantis out after new hampshire. haley out after south carolina. i agree with mark on that. larry: thank you very much. oh, my gosh, the houthis struck again. once again biden response way too little, way too late. we have general keith kellogg to weigh in on that. plus the taiwan china story. globalists shaking, quaking in their boots after trump's blowout win last night. china doesn't know what to do. europe has postively gone ballistic. the davos crowd, they will throw in the towel anyway we'll talk

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♪. larry: all right, the houthis continue to attack american military assets and recently american-flagged cargo tankers and once again the bidens too little too late. other own edward lawrence live at the white house with all the latest. edward, what is going on? >> reporter: so the administration has now made two strikes. first one to attack the supply chainses for the houthis, then two to go after strikes inside of yemen. first two navy seal teams seized an iranian boat carrying advanced weapons going to the houthis. inside the boat they got some of these things here. the cache included ballistic missiles. anti-ship missiles and propulsion systems. two seals are missing. they're searching for them off the operation. second, preemptive strike

striking four ballistic missiles in yemen as they were being loaded to fire. nsc spokesperson john kirby said the u.s. stands ready to protect international shipping. >> we're not looking for a war. we're not looking to expand this. the houthis have a choice to make, and that is to stop these reckless attacks. >> reporter: the fact is mr. biden has been messaging don't for a while and taking a defensive posture waiting for a missile to launch first and shoot it down. military experts say the administration handled this backwards. >> really to have the kind of effect we want to have we have to got to strict iran, we have to strike really the heart of this thing and you know, really that's not an es escalatory str. there are targets that we can hit in iran that would send really the kind of message we need to send. >> reporter: the houthis and iran not backing down. larry. larry: edward lawrence, thank

you ever so much. for much more on this let's bring in general keith kellogg, former national security advisor in the trump administration and afpi center for american security co-chair. keith, thank you very much. it seems like, i know we're striking back, we, the biden administration, it seems always too little too late. it took a day to come back at it. what is your read right now? >> yeah, larry, thanks for having me. the administration is really risk-averse. they keep talking about striking but really tit-for-tat strikes. if you want to break this cycle, we saw this when we were in the white house together, you have got, the term i use is super escalate. you have to take it to a level the other party the iranians or houthis are uncomfortable with. you don't necessarily have to go into iran to do it. very clearly the houthis are in violation of international law, freedom of navigation. they're attacking the gibraltar eagle which was a u.s. owned

cargo ship as well. so what you can do, if you really want to send a point, you actually target the leadership of the houthis. there is one single leader, abdel al houthi. he is spiritual, military, economic leader. he is a single ton. if you basically say we'll take him out, he is clearly somebody that needs to be taken out. unfortunately this administration, the biden administration withdraw the terrorist designation that we had put on them in the previous administration. they need to put that back on them or the second if you want to send a message to iran, they have got a spy ship that is sitting in the red sea that is monitoring all this traffic, that is going to and from the red sea. it is the bashad. it is sitting there anchored in the red sea, send it to the bottom. this is what we're going to do. you don't necessarily have to go into iran to send a message, there are other ways to do it but you have to accept the risk that entails. before when you and i were in

the white house we had an administration willing to take a risk. we knew the consequences. we prepared for the consequences. this administration won't do it. because of that, larry, you're going to see this continue, tit-for-tat, back and forth with no resolution of this conflict at all. larry: well, keith kellogg, if the bidens took out this iranian ship that was transporting weapons to yemen, okay, i like that, frankly. my other thought is, why don't they interdict oil tankers, for example because they're breaking the sanctions? in other words, let's get them where they hurt the most which in at least some sense would be the money? i mean we've allowed them to get all this money from oil sales to china and so forth. if you're going to interdict, i mean i don't know all the details. it happened today. but it sounds like a good move and a relatively tough move. why not go the whole nine yards?

>> well, larry they should and they should have these courses of action already given to the president. you know, that's, when you do a military operation they have what are called branches and sequels. this is what you go, what you do next and they should give all those options to the president but here's the rub, this president is risk-averse. he is not going to do it. we know that. the pattern has been set. it's a bad pattern because your adversaries see this. by the way so do your allies. that is the reason under prosperity guardian we're supposed to be protecting the red sea assets, both italians, spanish, french, said thank you very much we'll go our own way. they don't believe he will do anything that is that dramatic. should he? absolutely. will he? no. larry: general kellogg, last one, i am sorry i only got 30 seconds, why is the biden team, biden white house telling israel to throttle back. israel has not accomplished the mission which is to totally

destroy hamas. why is the white house telling them to throttle back? >> goes back to being risk-averse. my recommendation of them is just shut up, sit down with the israelis handle it. they're doing a good job with it. leave them alone. they have to eradicate hamas. hamas is a terrorist organization. they are the ones who started this fight but the israelis finished the fight. larry: general keith kellogg, as always sir, thank you very, very much for your input. switching gears let's go back to iowa. somebody said globalists are shaking and quaking in their boots after donald trump's blowout victory last night. joining me now is monica crowley, former assistant secretary of treasury, host of the monica crowley podcast and alex marlow, editor-in-chief of "breitbart news," author of, breaking the news. alex this is the top of "breitbart," i love this. the globalists are scared to death, the davos crowd is scared

to death and china is scared to death around europe is positively beside itself donald trump might be back. what do you make of this? >> we're having a blast at the "breitbart news" room today. we start our day at "breitbart," we start every day at "breitbart" reading the global times in china and they're saying prior for trump. biden might not be as strong opponent. the main obstacle for trump to overcome between now and election day is the courts. it is not even joe biden. you head over read what is going on in europe. the belgian prime minister in the presidency of the council of europe he is saying europe will be on its own when trump comes back, which is huge misinterpretation of america first shows they're panicking. they're deeply concerned right now, globalists over there. they're in a total panic, repeating msnbc and cnn talking points. we can't get enough of it. larry: me too but, monica crowley, it is interesting, i

always liked the fact that they have a lot of fear of donald trump. his diplomacy has been actually very constructive as you know as well as anybody but the same thing with ronald reagan. they feared ronald reagan. they said he was a cowboy, might do something crazy might press the nuclear brought ton but that keeps them on their behind legs if you will, keeps them moving backwards. i say it is a good thing. >> it great, i congratulate the voters of iowa. >> the voters of iowa began the snowball like we'll see we saw in 2016 the american people state by state voting for donald trump to stand up to these kind of globalists, transnationallists, people who head up organizations totally unelected unaccountable bureaucrats in the world economic forum, the world health organization, and want to impose

their will on the united states. donald trump states america first. his voters say no, not us, not the american people and not the united states but they're extremely frustrated. they prefer the weak president along the lines of joe biden for example, because he is so much easier to knock over and just railroad with their globalist agenda. >> well, alex marlow, i'll tell you what, this world group that runs davos, okay, they're the ones that like open borders, they're the ones who have bought into all of the john kerry global warming, whether it's correct or not, i mean those guys ought to be afraid because is an america first guy as monica just said. he is not a world government guy. he is not a hague guy, world court. he does want peace and prosperity throughout the world. it just has to be done differently. >> yeah. it is just a threat to their power structures they have been

spending decades, half a century crafting and it is deeply under attack throughout the world. i talked with president trump about this last time i was in him mar-a-lago, his movement is global movement. every time democracy actually happens these days seems like people are voting for nationalists, conservative, traditional candidates with conservative economic values, the type of stuff you talk about on your show, larry, we write about it on "breitbart." not the stuff they're talking about it at davos. people are rejecting that. letting the people flex their democracy, we have election day, voter i.d., people show up at the same time. who are they voting for? they're voting for donald trump by majority vote. larry: in droves. monica, just 30 seconds. mexico may have gotten a wake-up call because mr. trump's views on the border are very well-known and the last time he basically said to mexico either you help us, stop this, "remain in mexico" or i am not

going to let you export cars and machinery or anything else? >> tariffs. tariffs and i know you were anti-tariff but you came around. larry: if you have to, if you have to. >> particular i with lard to china use as diplomatic and economic weapon. tariffs are very effective. they get the attention ever your adversaries and at lies, in case of mexico. they get your attention. they force policy change to protect the united states and american worker. that is what donald trump is all about, alex marlow, monica crowley, thank you very much. coming up steve forbes will score congress' new tax plan. it is not all bad by the way. growth? yeah it has some growth in it. we'll talk about it with the great steve forbes. i'm kudlow. stick around. quicking in their boots, that -- quaking in their boots that globalist crowd. quaking in their boots.

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one lawmaker said this tax deal coming together was basically a legislative miracle. the total price tag of it all, $78 billion of tax credits for families and businesses. for families a 33 billion-dollar expansion of the child tax credit, expanding access to more families, taking replacing penalties for families with more kids. for businesses big tax breaks to encourage them to invest in their business and grow. $33 billion to bring back expired tax cuts. under the bill, businesses of all sizes can deduct the cost of r&d investments immediately. right now r and d has to be deducted over five years. interest reductions for those forced to borrow at higher interest rates and 100% expensing for investments in machines, equipment and vehicles. in terms of the timeline, congress is jammed up with funding the government this week, the election is sucking up all the oxygen and the

white house is non-committal sporting this package. the house will mark it up by friday around ambitious move and there could be momentum to get the deal done. senator majority leader chuck schumer coming out in support of the deal. republican and democratic leadership on capitol hill, schumer, mcconnell, jeffries and johnson are headed over to the white house tomorrow with a meeting for the president to go over this stalled national security supplemental and border deal. the president obviously is trying to bring all the negotiators in the room, the key people that need ultimately to sign off on this package to try to come out to some agreement because he wants israel and ukraine aid and republicans of course want something meaningful done on the border. larry. larry: we will see. hilary vaughn, thank you for that terrific report. appreciate it very much. we welcome back steve forbes, forbes media chairman, editor-in-chief and author of the very, very good book, inflation, what it is, why it is bad and how to fix it. one way to fix inflation is growth on the supply side and

there are a bunch of incentives. they want to restory the full expensing of machinery and equipment. the r&d tax credit would be written off in the first year and the interest deduction. so that's good. the kitty credit is it in here. that is really more welfare. although there is a work requirement. what do you think about all this? >> i think hilary's report was right, very, very thorough. it is a miracle they can agree on something. i'm thankful the depth crass give the kiddie tax credit. doesn't help the economy, but have the work requirement. business things in, a lot are realizing it won't say it to the president's face. we have to something to help the economy we're in deep trouble, do something business can can't on. manufacturers, defense companies, small businesses on the r&d. their cash flows are taking a hit as you mentioned. they could once write that off instantly. knoy they have to do it over

five years. hurts them on the cash flow side. small businesses can't -- want investment don't punish them foredoing so. larry: new york state empire manufacturing survey just published yesterday, absolutely collapsed, collapsed. minus 43 something, never seen anything that bad in the whole history of the series and overall manufacturing and industrial production has been in a slump for 12 or 14 or 15 months so this stuff might help. >> it would help and also guaranties, not guaranties but helps in the future when you make a long-term investment that the democrats if they come back in aren't going to pull the rug. they have signed on to this. so that is something that give as little bit of confidence that you're not going to be left out in the cold after november if the results is not good. larry: i still want a flat tax, steve forbes. >> so do i. we'll get it one of these days. we have to do a little persuasion with certain individuals. larry: with certain individuals. you're absolutely right.

who won big in iowa last night. anyway, the great steve forbes. thank you very much. you know this is good. jason smith deserves credit. senator ron wyden the democrat rsv can severely affect the lungs and lower airways. but i'm protected with arexvy.

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larry: think, china, europe and davs quaking in their boots and shaking and donald trump had a big night in iowa last night and has momentum going into new hampshire and stay tuned for more and the momentum is now with liz macdonald. elizabeth: thank you, larry. we're all over i