liz: overall, give me a sense of where the big tech stocks are going and they've deny such a driver here. returns will be moderated and not explosive. liz: thank you very much, jeffrey small. closing bell, you lift the balloons be released. blue chips make history for the fourth straight day. a record to the dow and a record for the s&p. that's going to do if for the "claman countdown," kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow.

donald trump announces a new american industrialism creating millions of jobs, raise wages and make the u.s. into a manufacturing power house. more on that in just a moment. later in the show, we'll have senator john kennedy talking about joe biden leaving his successor a world of disorder. vivek ramaswamy talking about his new fox nation special truths. why god is real. shutting down the brock seizurey and climate change house and anna paw paulina luna and joe concha and mark simon why kamala won't help catholic charities. oh my gosh. donald trump announces his new american industrialism and that's the subject of the riff.

larry: they've been flat for two years and mr. trump gave a important speech in savannah, georgia, on his new plan for the new american industrialism. first up, the journal points out that the managers from manufacturing has been in almost continuous contraction since 2022. the lives are down 2.7% and much lower than january 2021 and despite trillions of biden harris subsidies and all the regulation and especially climate related regulation and along with ratcheting inflation and all that suppressed most of the hard goods industries.

biden epa climate rules throw a wet blanket over papers, cement, glass, iron, chemicals and the problem of soaring electricity prices and so along comes mr. trump today. take a listen to this. >> so as your president, here is the deal i will be offering to every major company and manufacturer on earth. i'll give you the lowest taxes, the lowest energy costs, only if you make your product here in america. larry: calls that new american industrialism and wants to build ships and build airplanes and robotics and ai and big electricity. then he talked about the centerpiece of this plan. roll the tape.

>> the center piece is a renaissance sackmary% made in america -- 15% made in america tax rate. we're cutting the business tax from 21% to 15%, which makes us the most competitive tax anywhere on the planet, but but only for those who make their product here in the usa. we'll continue with regulatory cuts. larry: report. it really would make the u.s. a world class competitor and mr. trump ex-luisa sitly endorsed 10 -- explicitly endorsed a write off for heavy machinery and other equipment in the first year and full expensing for manufacturing investment and finally he pledges to cut ten old

regulations for every one new regulation. in his first years, he got it up to seven for one. now he wants to go to 10-1. fine by me. break a leg, mr. president. you're coming down the home stretch. and that's the riff. all right. joining us now, steve moore, author of the trump economic miracle and host of more money on wabc radio and michael faulkender that's plain ordinary chief economist epi. former treasury official and university of maryland.

>> they're in the hundreds and hundreds and all of which hurt our industry. i like the pro america theme of that speech. we're going to put america first and 15% corporate tax and going for one of the first meetings with trump back and that's eight years ago and he mentioned pro put america first speech with a lot of new ideas in there and i give it a a minus. i thought it was a great speech and agree with all the ideas.

larry: we've been flat for two years and jobs are down and only jobs they regained were the makeover jobs and pre-pandemic-type jobs and they've not been able to make it stick. even with all the subsidies and green new deal stuff, all their and high prices of inflation and electricity and part of inflation, all that really stymied manufacturing and there's nowhere under their whole term.

why is that? steve just said, biden harris administration put $1.7 trillion of new regulation on top of this economy and any hiring that those companies are doing is not to manufacture but instead to engage in compliance. that doesn't create more abundance or bring down prices. that just makes doing anything here in the united states more expensive and we talked about before, other thing i like that had trump talked about is energy because if we don't unleash american energy, then we cannot engage and all this innovation in the artificial intelligence in the manufacturing got such a critical input into everything we do that leading with energy again is so critical.

larry: we need to add power and moderating the un power on this subject and we need to add and need more electricity and ai to finance and to power it for heaven sakes and going for them and i want to go to you. the united states under biden is harris and they've attacked the tech for europeans and going together and our greatest tech companies and not agreeing with the human resource policies and we don't want to destroy them and have a lead over china and synergy home would we destroy them when it's a valuable american resource with american asset. jowski the six or seven biggest companies in the world today and six of the seven are in the u.s.

of a whether it's google, apple, amazon. these -- what we did at the start of the internet age was we basically made a decision of the country and make it a wild west and regulation free and going for them and now there's a ewe penounion that are so envy yous of the united states -- envious of the united states and our company withs lawsuits and what should the american biden administration and basically defending american companies and it's outrageous. if we want to win the race to robotics and we need to be number one, we need to have the american government and returning of the industries and

not tearing them down. >> going for the paper and that came down and going for everyone else and federal trade commission and justice department town a rage and they don't like business and biden harris administration is the most antiadministration and going for the 1930s and that's how bad they are. >> the cost of complying with a publicly traded company and only about 33,500 publicly traded

companies instead of 5 to 6,000 we have. we are hearing from companies that they would rather coming to the rule making here and we've got to deregulate and got to open up capitol markets and we've got to keep taxes low and this must again be the american companies. >> one thing donald trump has said and only american legislatures can tax american companies. that's a very important point and i appreciate you, steve moore and michael faulkender.

deporting illegal immigrants will slash the federal budget deficit. and congressman scott perry weighs in next and here on fabulous fox business and for some crazy reason can't get it, tax your favorite 9-year-old and she'll show you how to dot show and you'll never miss a new manufacturing job. i promise you. we'll be right back. ♪

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reporter: more than 800,000 migrants were vetted into the u.s. and terrorists were using it to get in were arrested and that bill didn't secure a pathway to citizenship for millions of dreamers that those are the migrants that are brought into the country illegally as children, but in 2018, harris staunchly opposed deportation. listen. reporter: today, the campaign isn't saying it she will uphold her pledge to grant pathway to citizenship for 2 million dreamers in the u.s. and 6 million from deportation. here's her opponent's take on broad border plan today.

>> she's going to the border very soon. hasn't been in four years. she's the border czar, it's the worst in historuca but she's going. why didn't they do it three and a half years ago. reporter: reports it's due to a dip in the polls. larry: i hadn't seen that clip of her dancing around no deportation. no deportation. i heard about this clip but first time i've seen it. you present it had and i wondered if anyone asked a question about it. >> well, we've asked about this and other specific when is it comes to her past policy support and stuff she's done under biden administration and whether she'd

continue it and recycles these blanket statements and basically saying she'd put these bipartisan statements into law and going for biden administration and going for these questions these days. larry: joined by anna paulina luna and she's going to the border for the first time and saw a clip of her dancing around and no deportation, no deportation and there's a study, i hate to bring this up. having so much fun with the dancing of no deportation and going for that and going for trump's idea of large scale deportation and put that into place and it would slash the federal budget deficit going to

reverse what cbo and deportation chant and that's going for what it tells you and kamala harris the only reason she's going to the border is this with biden and deputies and going for that and going with the tropics and she's done nothing and not going to fix the problem and she would have started four years ago and placed in charge and larry: i want to draw on this for just a

minute and congressional budget office said they're going to cut the budget and that's remarkable and only thing i forgot was the cost of the illegals and free housing, free healthcare and free rants and all kinds of welfare and this fella, daniel d. martie know from the manhattan institute and estimates scott perry, 130,000 per illegal existence and 10 million, 12 million you tell me. more accurate study and the goofy cbo is selling. >> i've not been a fan for the cbo for a long time and got inflation reduction act very wrong and typical government organization you can't rely on

or count on and oftentimes get it wrong and there's no accountability. let me tell you this, larry, as second generation and the biden administration and kamala harris supported has been an affront to everybody trying to buy back our laws and do it the right way. we know this as well. in the last decade, they brought in about seven new congressional seats minimum and in this decade, it's probably these folks are here and not going to count for public healthcare or housing and now they're telling us that they're not going to be voting. but they're registering them to vote. whether democrat, republican, or somewhere in the middle, people are sick and tired and they're done with it and they're going to vote for donald trump. larry: one last one, mentioning

the venezuela gangs, tren de aragua, being the most prevalent gang, my point is sanctuary cities, which prevent the local police from dealing with federal agent and ice and border authorities, they're the -- sanctuary cities are the venezuela gangs best friend all across the country and go in jail and released on bail and can not guilty be turned over to the federal authorities and local cops will tell you that, but they can't do it because they'd be breaking the law. i'll give you the last word. sanctuary cities are stimulating and aiding and abetting this gang warfare that's destroying our cities. >> what i'll also say is no one is talking about this, no one talking about impact it's having on the very poor black and hispanic cities and these gangs are going to cause race wars and left is causing this. kamala harris want this is and

it'll be on her hands, blood of americans on more hands if we don't fix it. vote trump this election cycle. larry: 100%. great point. anna paulina luna and scott perry, thank you both very much. joe biden leaving his successor a world of disorder bordering on world war iii. we'll talk to senator john kennedy next up. when you're a small-business owner,

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larry: joe biden leave ago successor with a wall street journal editorial page today and it's appeasement and afghanistan, problems in iran

it's one thing after another and in a speech to the un today, sir, in a speech to the un, joe biden said the world must end its era of war. now, i don't know, it seeps to me he has a lot of blame of that. what do you think? >> in my opinion, larry, of magsal security and what i care about and president biden's secret service name should be weany and vice president secret service name should be junior. she has said she's been in the room for all these major decisions. i will buy you a pony if you can

name one foreign policy they've .h measured any way you can. afghanistan and the stream pipeline is the gift when they go with putin. if you have just a minor excursion into ukraine it might be okay. and that really helped and position on ukraine and regardless of what you think on ukraine and biden and harris refused to enforce them. talk about failure with respect

to venezuela, cuba, president biden and the vice president and every single budget they've submitted to us in congress, they have asked us to cut the fence. larry: right. >> and i'd be bl blahed to talk about the reason i think this has happened, but their record in terms of protecting the american people, it just triggers my gag reflex. larry: trump left them with the abraham accords, a feeling of good feeling between the gulf states in israel for the first time in lord knows how long and saudi arabia probably ready to join. one of the first thins the bidens do, sir, as you know very well, is they insult saudi arabia, they run off with the mouth about human rights and that alienates the saudis and

before you know that, their lifting of the sanctions and refinanced iran and turned them into a well to do regional power and now look what we v. what we have is israel fighting two wars at the same time. >> vice president harris and president biden is secretary blinken and sullivan and they're not wartime consiglieres, they're diplomats. they think if we just sit down

and hug our enemies and give them a cup of hot cocoa, everything will be okay. these are hard men and if you turn the other cheek too far with them, then we're going to give them a neck and then we're not scared of president biden or vice president harris and they're running wild throughout the middle east and africa and the biden harris administrations just allows them to do it.

larry: mr. biden empowered every awe authoritarian in the world and so-called choy that, north korea and iran and they're not our friends, sir. they're our enemies. so once again, we learn appeasement never works. >> dominating the middle east and have china be free to do what it wa wants in the endopacc

and subsaharan and i want america to be the world pacific and they understand one thing, hitting them right between the eyes. larry: last one, sir. you know negotiating and without trade. as well as with trade. biden inherited a world at peace and leave ago world at flames. i don't want to fight wars either. i don't regard myself as a neocon but i'm an old reagan guy and i was a kid working for reagan as assistant budget director and right now i would

say, senator kennedy, we have neither peace nor strength. >> our enemies are no longer afraid of america. that's the bottom line. there's no de-at the present timers. and -- deterrent and best way to prevent a war is be ready for war. and our enemies know we're not. larry: yes, sir. yes, sir. thank you ever so much for coming back on the show. all right. now, right here onset, joining me is great friend vivek ramaswamy, businessman and author of truth, future of america first. host of brand new series, truth with vivek ramaswamy streaming now exclusively on fox nation. thank you, vivek. hold the book up. good stuff. we'll get there. thank you. i'm reading kamala is calling for an end to the filibuster --

something that annoys me and i will bring it up, it's here in your fox nation series, kamala is calling for an end to the filibuster regarding abortion. okay. which i think is first of all ending the filibuster that's just the worst of all and it's the reality that talks about ending the filibuster first. >> it was to ram the green new deal through. people say she just spoke in favor of the green new deal. not quite. she was a cosponsor of the legislation and she favors ending filibuster to do it and that's now in the question of abortion. one thing in the book is our constitution is the strongest guarantee of freedom in human history. go to direction of packing the supreme court, that's the end of the country as we know it. that's the last bastian protecting the country from

governmental overreach and three letter agencies and one thing that's staggering, larry, how many times three letter agencies like ftc, sec, countless of them have lost -- epa, lost in federal court saying their own actions are unlawful. if you pack the supreme court, you lose the last bastian protecting in country so the whole chapter dedicated in the book to that and supreme court pushing back on the administrative state and that's the most dangerous part of the harris presidency nobody is talking about. larry: part of the administrative state with our without legislation is with the bureaucracies and dhs is the worst but not the only one. we've talked a complete the catch this, the swam and the nanny stated that comes, it would be a good thing if they were promoting work and not paying for not work. if the government was more sensible with respect to a private oriented healthcare.

instead of government takeover of the healthcare system. i could go on and you know this full well, the nannies, are you getting to the nanny state in the bookend and more. >> it's getting to the pro log and speaking hard truths to the left and it's about speaking hard truths to our party as well. i don't think conservatives with the nanny state. it's the entitlement state and the regulatory state. you want to fix nearly every major problem in the country. i don't know how to do it but shut down and dismantle that nanny state. in this book, i make the argument that immigration, we would not have immigration crisis in the country if we did not have a anne donovan ty state. it's a national debt crisis here in the country if you didn't have that anne donovan thissen state. that's the victim hood of culture and loss of cultural pride and hard work in loss of hard work in the country if we didn't have a nanny state.

the fourth branch of regulatory state and shut it down. that's how we save the country and these are hard words not just to the left and that's mostly what the book is and some of this contains bitter medicine for the modern right as well and going to require to save the country. larry: work is godly and there's higher power and founders and the declaration and constitution and i'd like to spend a moment with you. i'm not saying a established state religion, we have free to choose and free to choose our upsing about god and -- understanding about god and i don't see how a great country

could have families and businesses and people working hard if they don't understand the moral values attached to a higher power, attached to god. >> some of this is linked to things like climate agenda emerges and what i think about that. there's an old saying about blaze pascal that i quote in the book, 400 years ago, scientist and great success and chemist and if there's a whole the size of god in your heart and god doesn't fill it, something else will instead. that means as human beings we have an innate need to bend the need to something. if it's not going to be the real thing, it'll be to the climate religion or transgender religion and part of this country people are substituting faith in god, belief in country, belief in family when those things disappear, they start bending the knee to new auditory systemsologists instead. ideologies instead and dangerous religions are the ones they fail to recognize when they're practicing it and part of the case in the book is

religious freedom and not the belief. our founders guided us as hand of devine and believing in the work to do this and yes, we would. i don't think in the country right now the risk we see is we're not seeing this as religion. >> higher purpose. larry: those words are banned and going for many parts and we have to work years ago for william f. buccally and i was a senior editor there and he always said a society with no

religion or family withs no religious understanding or work, is not going to be worth it and it's for moments like this. >> tell me what you think of the book, larry. talking about that. challenges of conventional wisdom and truth of the matter in the country. i hope it arms every day americans that might agree with you and me to convince their own friends on the left of the same thing. that's what we need. >> thank you. larry: wonderful to have you onset. good to see you. >> thank you. larry: vivek ramaswamy, the best of the best. why is kamala harris, here we go, vivek, why is kamala snubbing new york catholic charities? okay. this is something vivek just talked about. we will ask joe concha and ask

mark simon, i'll have something to say too. thank you, vivek, we really appreciate it. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana

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>> here's before taking the desk, hillary accidently bumped

into me and she very civilly said, pardon me. i very politely replied, let me talk to you about that after i get into office. [ lau lau laughter ]-larry: hils laughing and joe concha and author of mark simone and good to see you. she has some nerve, first time in 80 years, the democrat. walter mondale was the last one not to go. she's not only afraid of matching with donald trump. but i'm going to say deep in the guts of the democratic party,

this is the a lot of anti-kansas city chiefs to the schism and look at -- anti-catholicism and look at going after little sisters and people saying mass in latin for heaven's sake and putting them on the bad list that . kind of stuff. yeah, she's afraid to match with trump but deep in the democratic party, she know this is and may be a part of it. there's a lot of anti-kansas city chiefs thought schism. >> kamala is giving donald trump this huge stage and talking about political cand candidatesd probably better than dee martin talking overall ranking ands she's not going to be able to be there and return to serve it in any way shape or form. who thinks it's a good idea politically to snub a major catholic charity event that does so much good for the less fortunate here in new york. she's not going for two reasons. profoundly horrible at comedy and will tell a joke and fall flat and laugh uncontrollably anyway or cackle, and then

she'll applaud herself and that's one. the other reason is that if she trades with trump, her handler is afraid that'll humanize him. a threat to democracy and a national security threat and doing knock knock jokes about the guy and she set herself up to fail either way. larry: how much to do with catholicism. the cardinal was a wonderful man putting out a statement saying we'd make a response and don't know what to say and we've never seen this before. listen, talking to vivek about this, okay, hiss panics are a big chunk up for grabs and many go to church and go to catholic church or others but they're church goingers and profoundly church goers and religious and kamala is blowing it with that group. >> she's alienuated the jewish community in new york and now the catholics. i believe donald trump has a

good shot at winning new york. this is not helping her in new york. i understand there's an abortion disagreement between the church and her. that's a big part of it. the other part of it is trump is the king of roast. he's done every fryer's club roast and comedy central roasts and we did them in ballrooms and she has no talent like this and he makes the jokes about her, she'll have to laugh as if she's enjoying this. lauren: i get the roasting thing but i want to come back to the other matter. larry: the hispanic vote is a profoundly catholic vote. if she's dicing the catholic charities in new york and going to be publicized everywhere, she's dicing a lot of things in barely 50/50 with it. last word. >> trump is winning nationally by three points and they're scarily accurate.

three points nationally, he's got it. larry: mark simone, joe concha, we'll be right back. ... ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward

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[coughs] when caroline has a cough, she takes robitussin. so, she can have those one on ones again. hey jim! can we talk about casual fridays? oh sure. what's up? get fast, powerful cough relief with robitussin, and find your voice. ♪robitussin♪ larry: i'll just say it again, kamala is making a huge mistake dissing new york catholic charities and i'll say this again, among other issues, remember hispanics important vote. they go to church on sunday. and by the way, david asman in

for elizabeth cdal