tv Kudlow FOX Business September 11, 2024 4:00pm-5:00pm EDT
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you know, target underperformed costco and wal-mart and thee all three fit into what the consumer is looking for right now. target underperformed wal-mart and costco and last quarter was a step in the right direction and getting execution on demand and going 14 times next year's earnings and we own costco, wal-mart and target, but i'd step into target today and if you wanted to step into costco and wal-mart, i'd wait for a pull back. target i'd buy today. liz: great to have you. mike binger, the dow up 909 points from the low to the high and looks to close up about 152 points. s&p, nasdaq and russell in the green. that's it for the "claman countdown". kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow.
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so donald trump had more hay makers than you think. that's the subject of the riff. the presidential debate last night, donald trump had some very serious hay makers on policy, that knocked kamala harris for a loop. right at the top, mr. trump got tax cut and economic growth message out. take a listen. >> everybody knows i'm an open book. everybody knows what i'm going to do: cut taxes very substantially and create a great economy like i did before. we had the greatest economy. we handed them over a country where the economy and the stock market was higher than it was before the pandemic game in. nobody has ever seen anything like it. larry: then followed up on attack on inflation. roll the tape. >> i had no inflation, virtually no inflation. they had the highest inflation perhaps in the history of our country because i have never seen a worse period of time and
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people can't go out and buy cereal or bacon or eggs or anything else. the people of our country are absolutely dying with what they've done. they've destroyed the economy. larry: trouble is the ultra biased abc moderators only had one question on the economy, which is the number one issue for this election. that was clearly to mr. trump's disadvantage and helped kamala who really has no defense for the failure of bidenomics. she succeeded in distracting mr0 election outcome and trump pounded her on open border illegal immigration kansas city catastropheand hard on foreign d their failure on afghanistan, which then led to the russian invasion of ukraine and israel
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in the iran hamas war and trump won big on all those points. he also won big on the crime issue and on the unpopular ev green new deal climate change misnamed inflation reduct act issue and hit on all that and frankly she didn't have any come back. then mr. trump knocked her back on biden harris judicial lawfare and weaponization when she tried to just call him a felon. then mr. trump wacked her on untruths with things like project 2025 and in vitro fertilization, which he favors and she accused him of sign ago national abortion ban and he deny it had many, many times and denied it again last night. meanwhile mr. trump asked her bluntly if she favored abortions in the seven, eighth, or ninth
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month and she did not answer. so a couple of numbers would have gone a long way. for example, median household income for families under biden is harris have not even reached donald trump's 2019 level and real income vote for people under trump was five times greater than under trump or harris and pre-pandemic spending and under trump compares to nearly 26 pert under biden and
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that's an inflation problem. that's emphasizing the word growth and the growth vision and kamala doesn't have growth in her voter cab lair. in attacking unfair trading practices and why his tariffs were never inflationary and indeed, biden is harris actually kept most of his tariffs in place. but then i wish he had mentioned elon musk and the efficiency commission to root out wasteful inefficient and corrupt spending, maybe even ripping into the whole dc swamp. i think elon musk would have gone a long way in that debate. and he should have mentioned the support of democrats like rfk jr. and tulsi gabbard. that would have resinated well. for sure.
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ms. harris was prepared and outperformed the low bars set for her. as i said before many times, many times she's not stupid, she's not a moron on any of that. however, the smug facial expressions and rolling of eyeballs didn't do her any good. mr. trump had the last word and delivered a crunching upper cut with this. >> she's been here three and a half years and they've had three and a half years to fix the border. three and a half years to create jobs and all the thins we talked about. why hasn't she done it? larry: kamala harris is joe biden's co-pilot for over throe and a half years on issue after issue and economy, border, crime, inflation, foreign policy. she could not get the job done. and i think that's why it's time
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for a change. period. full stop. that's the riff. all right. let us chew on this. not everyone may agree with me or not. we have katie pavlich, editor town hall.com and fox news contributor. we have hue hewitt, host hugh hewitt show and coauthor alex marlow. thank you for being on. katie, i'm going to let you start and people saying trump got lost, everything, this and that. i happened through a different lens. katie pavlich, you know more about this than i do. what do you think? weigh in for me, please. >> i would never tear apart the great larry kudlow's riff. absolutely not. when we look at purpose of these debates, we are in a
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presidential election cycle. the purpose is to serve the american people on issues they they care about and this did not do that. the number one issue for people in this is the economy. inflation destroyed family budgets and destroyed livelihoods and destroyed the american dream for millions of americans across the country and number two illegal immigration and directly tied to the economy and horrific inflation we've seen as a result of the biden harris open boarder and sending in 15, 20 million new people into the country. and then he fusing to acknowledge some of the housing shortage is absolutely because of illegal immigrants taking away the very scarce housing that is available to people in the country. those two things are very little talked about and so i think there was a huge disservice done to people when it comes to those two things and right now as it stands and kamala harris didn't answer any questions. are we better economically today
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than four years ago. she did not answer the question because she cannot honestly because the answer is no. that'll stick with people and asking them to basically say vibes of the kamala harris campaign and ignore what your life was like under trump. larry: i've got alex marlow on this. i argue that enough. i don't think he said enough about the economy or economic growth. i don't think he said quite enough about his specific policies on taxes and spending and he could have mentioned it more but hit hard when he had a chance, the moderators were biased defense him and kamala didn't have a response and take up with katie to say you, alex, on the economy, on inflation, on border. how would you rate this and do you think that kamala harris comes out ahead of trump on that
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or not? >> absolutely not. i thought what trump did was okay and pretty good and called her a marxist and next time maybe out for it never working and it's a step further and we talked about that last time i was on with you, larry, about trade policy and effective and doesn't lead to inflation unlike all of the joe biden policies that kamala harris rubber stamped, but she was terrible. wouldn't answer a single question. she was smug, smirking and rolling her eyes and avoiding on every issue and counted 21 major lies her chaperon and abc disney protected her from. trump getting pummeled by three people at once and very presidential and took it very seriously, and she looked like she was really new at this. larry: junior take on any of this? >> well, i want to say kudos on your riff, larry, because the oldest cliche in news is also
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true, first reports are usually wrong. and the first reports last night are that trump lost and harry won. over the course of the day, i've been saying not trump's best but got in hay makers and any time you're focusing on immigration you're winning. kamala harris by contrast was at her best and football games very good. third, this matter as lot, it was the worst presidential debate in mott earn history. i do not believe even an independent or even a moderately fair democrat will conclude other than that was an ambush and as that settles in and the vice president didn't answer one question, nor did abc, which is owned by disney ask one question about china. not one question. i was thinking about their theme parks and merchandising and the
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nba and talking about china. not one question about iran. they did not bring up our hostage that was executed along with five otherred in israel. i'm so amazed with the unprofessionalism and the deeply disrespectfulness of perform and performance by abc and by the weekend, trump may have won this and a moving river of opinion that gathers more and that's the best it's going to b. larry: i'm glad we're basically on the same beige. these are so difficult, you can always do better and a few things i'd have loved mr. trump to add on and a few things i spoke to him about but didn't get in, that's life in the fast lane but, katie, i mean, to
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hue's point, let's me just go back and harris lied about trump's record on abortion. she said you'd sign a nags pal ban on abortion? he said how many types he opposes a national ban. on the fertilization, in vitro fefetor vagues, she accused him and lied. this whole 2025 study or whatever it's called 6789 he's said a million times. that stuff, you know, that's just gordon chang badge, it's non-is -- garbage, katie, she's throwing it out and knocking them back. he did what he needed to do thanksgiving there. >> the abortion question is one of the best of the night actually and he finally did what republicans should have been doing since roe v. wade was turned and flipping the table on the left and explaining how
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radical they are and out of touch with the country and he asked her do you support any kind of limitations on abortion and helpful saying you can't have a abortion up to nine months in any state but that's not true. at least five places in the united states fashion to be seen in mexico and other state where is you can have a abortion up to nine months and back to the questions that were not asked by the moderators and going for the american people and this was a debate where the msnbc prime time lineup would have asked and charlottesville, not debunking that lie and the fact check on that when it's been debunked by a number of far left fact checkers so-to-speak. and rather than current issues affecting people today and quiet frankly trying to help kamala harris and end up hurting her in the long run.
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>> it's a bit odd and the economy is the number one issue and immigration perhaps number two or maybe call them both number one. whatever. they just asked one question on the economy right at the start, and actually trump got rolling on that. that's the way i saw it, trump got rolling on that and then they stopped. put the brakes on and started going off to all these msnbc-type question that katie's describing. alex, that is on oddity, is it not? >> it is, and the worst part of the debate was how much time was wasted with the moderator distractions and the meaningless choices of topics they chose to focus on. but the best part was the opening and the closing and the opening part that she could not question and it's the fundamental question and all americans are better off now than before and she was able to get in some points and hit this harder next time and get in points about how the economy was
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thriving under him and she tried to lie her way out of explaining why there's been no growth or why the bidenomics is what it is, which has been a disaster for her. larry: two more things for you. you're all wonderful and appreciate very much. regarding foreign policies, you're mentioning china, which never came up and almost tragic. but i thought that, i thought mr. trump punched away pretty good on catastrophe in afghanistan and, hugh, how that you could connect the dots from afghanistan catastrophe into putin russia invading ukraine. you're a foreign policy expert among other things. did mr. trump make those point s? >> he began to and we had an agreement and condition-uationed agreement and mike pompeo and doesed and broke the conditions and not going to withdraw and you did and it was catastrophic. he could have gone onto la controversy and he didn't. generally speaking, that was
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very good. the difficulty and i'm a lawyer, kamala harris is a lawyer, we're very good at saying nothing at great length. that's what she did. donald trump is a developer and can smell a rat in about five seconds and he knew there was an ambush after the second question about abortion, and he got mad. he can't mad. larry, you worked for him, he can't get mad and he rushes and that's unfortunate. larry: i have to agree with that. last one, kate pavlich, is there going to be a second debate in your judgment? >> i hope so. donald trump offered three and she accepted one and now wants another one and i think that it would be helpful to the country if there were debate moderators hosted on a note work, hopefully fox news and ask substantive questions that americans are interested in to help them make their decision before the election in november.
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larry: would be helpful. all you, thank you so much. katie, alex, hugh, i'm indebted. coming up, harris faulkner. love harris faulkner. she spoke to voters around the country after last night's debate and she's got interesting conclusions on that and she'll join us right here onset. remember, folks, catch kudlow monday through friday at 4:00 p.m. every day here on fabulous fox business and if for some reason can't catch us at 4:00, text your favorite 9-year-old and show show you how to dvr the show so you'll never miss a good debate. ♪ at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money? (fisher investments) we have a simple management fee, structured so we do better when our clients do better.
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but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> i didn't expect to see independents tracking to much with republicans and they did. they were looking for choosings from kamala and hearing in depth on the policies and doing for the economy and what's different alabama the economy under her than under biden is number wonderful, they wanted her to explain why she's had so many changes people are going for them to have a reason to change.
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larry: the pleasurable harris fobbing know and host of the faulkner focus and cohost of outnumbered every now and then. i get outnumbered. what lee carter was saying is very interesting and if for no other reason than i argue in my opening riff and really the opening segment. trump had weaknesses in the debate but really good hits in that debate also on policy substance. jaire when he has in the advantage talking about today in his indents is people -- independents and people know who he is already. independents want that next level of can you just tell me how you're going to make it better. it didn't matter how many times the former prosecutor in kamala harris came out and landed good ones too. much more buttoned up than the gigly salad and all that and she didn't go deep and on shallow end of the pool for policies and
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you have met russian president putin and trump cam hard at her over how to end the war between russia and you crane and he has an -- ukraine and told us his play book on how to do that and she doesn't have a play book and can't have it if biden isn't going to loan it to her. they're the same, they're symbiotic and they're lock step. they keep telling us that even now when she wants to distance herself from him. the independents are looking for her to go deep on policy. i would have liked a good debate and it would have been better if they learned more about the woman they don't know in three years. is she like the worst messaging artist? is there something she hasn't told us yet that we need to know? larry: maybe she hasn't done more or studied more. i'm serious about that. might be very thin, inch deep. enough panel and is the message coming out of this from your
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explorations and investigations to this, that trump did better, at least for independents than he's been given credit for? that what it sounds like. >> but how much better he did. three lines and the blue line will go down. larry: i don't know if we're going to put it up on the post. >> let's look at it. larry: u saw it on the computer before and see if we can put it up and -- >> for each topic, three out of the five we showed, the blue line was going down and then it flattened. then those topics on the economy and that's a universal feeling and experience. biden and harris house and harris walz can't fix before november 5. and if she stops getting a question of trump scoring well with independents and republicans and he gets two out of thee groups we looked at and
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looks like 2016 according to the expert lee cart service connected she's my election guest every year when we do the live audience. larry: super smart. >> she says, look, when you get two out of the three and they track, there were type withs certain topics on the border was one where the tracking line for independents was going above the republican line for donald trump in what he was saying. so he did better than what the spin artists were saying last night. i don't know how i feel about the spin room, i'm curious to know from your experience what you think. i always think it's a good thing for the candidate to go there and gives them media access and shows if they have failures they're not afraid to walk into the wind. larry: people are smarter though. people, voters awed generals are smarter than the big shot immediate media and hugh hewitt and super smart and worked in
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white houses and he said by the weekend, people are going to be saying trump won the debate. i'm not saying trump is perfect. i agree but he got caught up why things about the rallies and j6 and he does but nonetheless on the economy, inflation. immigration, foreign policy and abortion, he did extremely well. >> he also knows who he's debates. i'm not joe biden is i'm not donald trump. no one thinks you are, kamala. except for the policy and those are two men that have been around for awhile, joe biden for 50 years. it was a coup what they did to him. donald trump knows who he's dealing with here. when he says she's taking my policies, i need to give her a maga hat. it's a one liner everyone
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remembers. her one liners. she had strong ones too. i do challenge her to explain why she hasn't done more in three and a half years or give us an end trail. larry: i don't like the eye rolls. >> was she rolling her eye s? larry: several times and trump would be talking and she'd be doing this eye thing. >> why i think you and hugh hewitt are right to look at this in the short term and short future, what donald trump said jives with what donald trump always says. what she said last night, i literally can cue up tape to at least 12 items to where she said something opposite. and that's a problem because people don't have time to be larry kudlow, where he can dig in and go for the truth. they just want to figure out how to make their lives work, larry. larry: that's a great point. that's a great point. you're wonderful to come on. harris faulkner. >> wonderful to have me.
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larry: no, no. catch her on the faulkner focus weekdays at 11:00 a.m. eastern on fox news. hope you'll come back sometime. next up, john carney and steve forbes onset. not as good as harris but they'll be onset and we'll talk about the economics of the debate. they're two smart guys. john carney and steve forbes. i'm kudlow and we're sticking around and we'll be back. thank you, harris. appreciate it. ♪
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very big deal. critique it for us. >> missed tuns to knock her on the canvas. starting at the beginning where the one good question those two moderators asked about the last three and a half years. the president should have run with that and cited right at the beginning where are your incomes today? energy prices today? grocery prices today and happening on regulations? they want to take away your cars by regulation and just hammered those three or four points throughout the debate that she can't run away from what they've done in the last three and a half years and has nothing specific about how she's actually going to do these enoughy things she talks about and focused on that. we are talking about if you look at clips of that debate, oh, he was pretty good. got lost in this other verbiage and looking for him to lay this to rest. larry: a couple of factoids, not
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20 but a couple, you say income is so important. they would have gone a long way. to hammer the point home. >> mentioning it. >> he was with the three plus today and just hit some of those things and she -- what could she say? larry: she said john carney one thing he did was we're trying to get the clip up because some people can see. do we have the sound on the -- hey, hang on. you're going to love this, john carney. there's a bit of the debate on trade. >> had tariffs and no inflation and look, we've had a terrible economy because inflation has, which is a country buster and breaks up countries. we have inflation like very few people have ever seen before and probably the worst in our nation's history. larry: he also said to her that, you know, you guys kept my tariffs in place.
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and you've written extensively against wall street's consensus and i'm siding with you and these tariffs are not necessarily inflationary. >> that's right. we have the proof and we've raised the tariffs and prices didn't go up. what made prices go up? the biden harris policies that sent prices through the roof and trump said, i have the tariffs and had inflation and your accusation that it, that my tariffs are sales tax and the real one is inflation. that is what hit the middle class and why people are so upset. he should have said groceries are up 20%. rent is up. there's so many things you can say to say people are being squeezed by your inflation tax. not by my tariffs. larry: real median incomes and it's hot off the press and it's
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been circumstance lating in a couple of conservative publications at least. trump beats biden by almost 5-1 and something like $6,000 plus per family adjusted for innation and biden is like check that out. it's in the full screen and biden like $12 or $1300. it's like 5-1. something like that would have gone a long way. steve forbes, today the inflation numbers came out. cpi, 2.5%, 12 months and so called core number and 3.2% and the whole world expects the fed to drop their policy rate and any thoughts on any or all that stuff? >> first of all, as we discussed and brought it up months ago, doesn't include interest rates and still have those very sour move and mornings and everything else -- mortgages and everything
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else and if trump gets elected and the whole thing and tradeoff in inflation and unemployment and look at stabilizing the value of the dollar and companiening it by printing too much -- cheapening it by printing too many and have ago stable dollar and lower taxes, and the fed reserve's idea that you have to crush the economy to bring inflation down, yeah, prices come down and people can't afford to buy anything. but that does not work. he should hit the fed on that. you don't have to punish people. government closes inpolice station, not prosperity. larry: you need new smart people on the board. >> make that point. you don't have to suffer for the mistakes of the government. stabilize the truth and dollar with respect and the economy will prosper. larry: john carney, watching this debate and you wrote a long piece about various numbers and associated debate and didn't get that kind of specificity and and the was only one question.
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what would you have preferred? if there's another debate, let's say that fox holds a debate, what would you say? >> they've caused a manufacturing boop. this is absolutely untrue. manufacturing has been in contraction for two years and i did the math where i showed how many more manufacturing jobs do we have today than when trump -- than trump's peak before the pandemic. it's up 1.7% only. i did the math and said how much do we have from obama's peak through trump's peak? up 3.4%. so in other words trump had twice as much manufacturing employment growth than biden and harris did, that would be a great thing to focus on and can't get the kind of growth and they don't like manufacturing and only want green new deal manufacturing and don't like people to buy the kind of cars they want to drive in america. larry: i know you're right. gross is not part of her
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vocabulary. democrats don't do growth. i want to put that in. i got to get out. any growth. steve forbes and john carney, thank you very much. switching gears, we want to talk to be the by the way marks the 23rd year since the 9/11 terror attacks and we must never forget any of that and joining me now is florida congresswoman anna annapaulina luna. 9/11, among other things and my thought, not only do you have to defend america from terrorism, but the person that's a commander in chief has a lot to do with the safety and security of the country. i'll just say that on 9/11, what do you think about that and your thoughts today, ma'am?
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>> eisen know exactly where i was at and i was just a kid and largely responsible for me joining the military. when wow see what the responses were last night in regards to the actual debate, they don't want any association with the withdraw in afghanistan because it was their fault with how it transpired. within my district, i actually represent one of the heaviest veteran districts in the country and a number of veterans assoassociated with the withdran afghanistan and vietnam and the vote ran port went up and it was dis-heartsenning and they're out of touch with the military and military has all time low right now currently with re-attention because of the woke nonsense and ideology they're pushing and i look forward to november and a trump administration that knows how to be lethal and not focus on woke nonsense. larry: think trump is right, basically he said you botched afghanistan very badly. we know that to be the case.
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we saw the report from the house foreign affairs committee and so forth. but mr. trump-appointed connected that dot to -- mr. trump connected that dot to the venture of vladamir putin going into ukraine. he said weakness breeds weakness. i wonder if the whole business, iran hamas, israel isn't connected to afghanistan. what are you thoughts on those matters? >> most certainly. the word watches us here in the united states and watches what we do. my ideology is walk the thick stick and hope you never have to use it. frankly what we're seeing right now with the withdraw in afghanistan, i believe that within pandora's box and these people know the biden administration specifically biden and his family were receiving personal money and enrichment from russia, china, and known ent entities that hate united states. do they take us seriously? i don't think so. biden put on a trump 2024 hat today and put it in perspective whether he did it on purpose or
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not, i think the fact is trump will be the next president and anyone saying otherwise will be gaslighting america and independents are with us, hispanics are with us, and i look forward to this november. larry: anna paulina luna, thank you, ma'am. we appreciate that wonderful stuff. >> thanks, god bless. larry: you too. take a quick break. and then great newt gingrich gives us his thoughts on 9/11 and last evening's debate. i'm kudlow, still here. stick around, please.
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get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. larry: welcome back to the show. great friend and former speaker of the house newt gingrich and fox news contributor. newt, thank you for this. appreciate it. today is the 23rd remembrance of 9/11 as you know. last night in the debate, there was a lot of discussion about foreign policy, afghanistan, ukraine, israel, middle east and so forth. i just wanted to start with you, it matters a lot who is the commander in chief. i mean, it just matters a lot, newt. i wanted to get your thoughts on that and that's the hook because i don't think there's enough discussion about the importance of commander in chief.
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>> well, 9/11 souled remind us we live in a world so dangerous that a handful of people could kill several thousand americans. and the the worst disaster since pearl harbor and terrific rihannas operating independently and look at number of people that came across the border ill lie hell in the last few years and have nod in how many are potential terrieses and weren't they want to do something come probable. the world is dangerous. i don't know how you explain this to people like kamala harris. ukraine is dangerous. gaza is dangerous. the houthi and gentlemennen are danger outside and iran is dangerous and chinese communist effort dominating the shout china see and the venezuelan
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leadership is dangerous and need leadership that's strong, realistic and trying to avoid war. it was being so strong. nobody will challenge you. with four years of remarkable peace with donald trump. and we've had three and a half years of donald trump and basically biden is harris and as soon as she goes in, she's been in the room every step of the way and she was in the room for the afghan withdraw and they still cannot bring themselves to talk to the gold star family and it's on their watch. it's astonishing. larry: i'll do cheap shots and insults aimed at trump. when these foreign policy issues are raised, trump made very hard hitting points and i don't think harris had anything to say. that's why the commander in chief, you look at two of them on the screen, even their faces, i mean, trump was a stern guy
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last night. okay. she's kind of smiling and making odd, you know, eyeball movement. commander in chief is important. the whole world is watching that debate, newt. that's what i wanted you to think about and talk to us about. >> look, do you think xi jinping in china or pure tone average pe going to sit back and shake when they see harris. they're going to take advantage of her and she keeps the biden team and this is a very weak group of people that don't understand the real world and the thing she said last night are nonsense and it's a wonderful story about how we have to get to peace in gaza. it's the constitution saying not a single jew will remain but she can't tell you anything about that. when she wants to make sure that
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we do okay in ukraine and trump's point is it's been two and a half years to win this war and never won this war and the question is can you get to a truce in ukraine and don't have that kind of problem with hamas and then we find a way to get the killing to stop. trump more than anybody i've seen since reagan and understands the nuclear weapons are very, very dangerous. civilization ening ask you better be commander in chief and you have to avoid using them. larry: she sounded very much like an old neoconservative ultra hawk we're going to win the war in ukraine. newt, i don't think, i mean, to me, what mr. trump is saying, let's make a deal, let's have something that both sides can agree on and nuclear weapons and
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sowned very militant and somebody with very brittle experience in the area and that's a whole argument, newt. >> she dent know what she's doing or how big the risk is and she could stumble boo world war iii and somebody not that shallow and in charge of againing and protecting america, it's a very high risk. >> we're running out of time but really, afghanistan and let me worry, we did a great job and i'm all for it and i mean, i don't think she has any sense of whole foreign policy military business. time is up, newt, thank you very much. and my mentor, everybody's mentor. februaries, i'll be right back with my last word. ♪ can a personal loan unlock your ambitions?
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larry: so apparently, with harris, lee carter independent voters, watching the debate, swung heavily towards donald trump now, isn't that interesting? and more interesting, elizabeth macdonald up next. liz: [laughter] you know that new york times poll the independent voters are moving more toward trump in that poll too it's really interesting stuff thank you so muc
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