tv Kudlow FOX Business October 7, 2024 4:00pm-5:00pm EDT
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do i go to cash? >> no, but you want a short term high quality fixed income both government and corporate. i may be the exception to the rule on that one much mark, thanks so much. appreciate it. the dow is on its worst day since september 6. that's it for the claman countdown. liz is back tomorrow and before then, kudlow is next.
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david: hello, welcome to kudlow. i'm david asman in for larry kudlow today. bracing for a monster tomorrow a week after hurricane helene ravaged the area and many are being forced to fend for themselves with fema and biden harris administration missing in action. all this while vp kamala harris kicks off a week of softball media interviews and senator tommy tuberville weighing in on that in a moment. peter doocy live at the white house with the very latest in his sparring with spokes people there. peter, interesting day. >> yeah, they are. this is going to be the most we've seen vice president harris over the next couple days for the media appearances. off script since she since july 21st and president biden dropped out and ascended to the role of presumptive nominee. her schedule includes one tough
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interview. 60 minutes airing tonight, but the clip that we've got shows her. >> we have a close ally in netanyahu. >> the better question is do we have a important alliance between the american people and the ziti rag israeli people ande abs is answer is yes. >> she'll have late show with steven colbert and thursday a univision town hall and david axelrod saying the strategically and important shift and town halls and key battlegrounds valuable too and remains to be seen when she does that. president biden is send ago letter now urging them to come back early to -- a letter to
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congress to come back early and address a short fall in small business relief for hurricane vic tips that is something the admin vagues insists they do not have control over. they want congress to come back, get the money out so that just in case milton, which is on the way to florida, becomes an expected -- becomes a disaster on the same scale as helene and people have immediate and long term funds to help them recover. david: senator, thanks for being here. appreciate it. there's a big question about whether the administration is contradicting itself now based on what they've said before about one, whether fema has muff money to deal with all the crises, these emergencies and two, whether or not they waylaid
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a lot of money for spending on migrants and i just want to play for you first the mayorkas is a secretary of homeland security, play what he said last week about where they are with the funding. roll tape. >> we are meeting the immediate needs with the money we have and fema doesn't have the funds to make it through the season. charles: he said we don't have the funds to make it through the season. why? and jean pierre explaining something last week that contradicts something that's week. roll that tape. >> biden did not take a fema relief money to use coordinating
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for fema and other federal agencies and we'll continue to do what we can as a federal government to support the cities as we rebuild our asylum processing system after it was gutted by the trump administration. david: g senator, they're saying this and then the on the other hand they're saying something different. i leave it to you to find out what's going on. >> country is in a mess and the world is in a mess, this administration, david, has no clue what they're doing. aye been in the senate for going on 40 years and been like this the entire time. when it comes to spending money, they know how to do that, but don't know how to prepare for anything. go back to north carolina. first of all, it's not about money at north carolina the first few days, it's about security, people on the ground like military helping find people stranded, opening up
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roads. doing the things to get communication into the area in north carolina. they heard zero from fema for five or six days and it was a disaster. it has continued to be a disaster and more people missing and this administration, mayorkas being the leader of this pack when it comes to some kind of security whether it's fema and he's never prepared and always blaming somebody else and blaming president trump for all this going on and they know how to spend money but that's it. they can't do anything other than spend taxpayer's money and they usually waste it when it comes to that. david: they misappropriate rate it. on the one hand, last week je jean-pierre saying they haven't used any money from fema for the migrants but in 2022 she said money is available thru t fema's
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emergency food and shelter program and that's money that the appalachian need right now that went to migrants. >> we've all known that and they're spending millions on illegals coming across the boarder and they get here and they take care of them more than the veterans or hopeless living many the country. i was coming from bogota, columbia a few weeks ago and half the plane was filled with venezuelans and south america that our government and taxpayer money flying people on the planes to houston. it was a commercial airliner and going places from there. it is a disaster and it's getting worse every day, but this group could care less and all they want is votes, david. they don't want to take care of any american citizen. they want votes to get reelected and carry this power on for another four years and heaven help us if that happens. david: by the way, the folks on the plane with you haven't been vetted. it's clear that some of them -- they had to arrest -- ice had to arrest horrible people and there were child lesters from a bunch
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of different countries and flown in and clearly hadn't been vetted because if they had, they would have found they had a horrible record from where they came from. >> exactly. i lived through andrew in miami when i was coaching down there and one named milton coming to tampa right now and it's a category 5 and that usually happens and the people of tampa need to prepare and get out and thank god we have governor desantis there preparing for this because i promise you one thing, fema is nowhere to be found. david: meanwhile, mayorkas says we're running out of money for fema, vice president kamala harris was bragging over the weekend about sending money to lebanon of all places. she put out an exposing i'm concerned about the security and
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wellbeing of civilians suffering in lebanon and continuing to work help meet the needs of all the civilians there and all the civilians there. what about the civilians here? >> we're giving some money and weapons to israel and now sending money to lebanon who they're fighting. we continue to do this. we're sending money to hamas. we're building ports for hamas and met letting iran run rampant in terms of making money to fund all this stuff along with the american people. people vote for us in four or five weeks and i promise you, we'll help you again. we care nothing about the american people and it's out of control and hope the american
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people see what's going on. david: the chief of fema claims it's disinformation to essentially tell the truth. what the administration including mayorkas, including jean-pierre saying about money being used for fema for migrants and she's the one who last year signed a pledge and instill equity in disaster relief and mo what equity and disaster relief is? >> well, we probably could have asked the ex-secret service director, who was the same way when she was all dei diversity, equity, and inclusion in terms of secret service and almost got president trump ki killed and people are dieing and fema worried more about diversity and climate change than they are of helping the people of north carolina, south carolina, and georgia. these people have no clue about organization and taking care of
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the people they're being paid to care for. they need to get off their tales and go to work. but we've got another one going for them and that's created more disaster with anything else. david: we pray for the folks in the line of fire for milton and appreciate it. tune into fox business this thursday morning of hurricane milton and going for 4:00 a.m. and that is thursday when it's expected to hit. coming up, today marks one year since hamas' barbaric attack on israel and harris trying to hold back israel's counter from the start. cutting terrorism at its source. it's iran and kash patel will
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weigh in on that next when kudlow continues. ♪ in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase! patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf.
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barbaric attacks and bring in aaron cohen and kash patel, former deputy of national intelligence. great to see you. he was an architect of the attack on pearl harbor. he said right afterwards and i'm quoting here, i fear all we can do is awake a sleeping giant and fill him with a terrible resolve. i have a feeling a lot of people in iran are thinking that, don't you? >> david, that's a good quote. i wouldn't call it a sleeping giant or bear. i would say that iran has woken up a deadly going to dismantle irgc the way we've been taking
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out leaders of hezbollah and we do our best work in the vanguard and faking off the heads of terrorists and it's what allows us to be able to reach very far and we have some of the best intelligence, targetters for flipping and recruiting informants and assets across the planet. charles: we've seen is play out in the past several months and it's extraordinary. kash, despite that incredible success of israel going against terrorists and mow going against iran itself, every turn you have the biden administration, not just trying to hold them back and actively trying to dismantle
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their efforts to undercut terrorism in the world and particular lye ab. what do you make of that? >> absolutely right. it's not intelligence. it's intentional dereliction of duty by the biden and harris administration. harris and biden gave iran $7 billion and opened up global financial oil trade sector to them to make another $80 billion and allowed all the foreign partners in to get in on the action like ccp and russia. so it's an intentional dereliction of duty to allow iran back into the global scene and allow iran to reenter their nuclear deal. look at this program are protected by obama and biden is then pushed off by harris and it is what it is. it's the nuclear deal and nuclear weapon and going on the time line and trump reverse that had and sufficient cased iran with the sanctions and went to foreign leaders and going for
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them that's safe and trading them and that's why you see kamala harris not saying publicly that israel is an ally of the united states of america. met ya hue. david: iran is reaching a point of desperation and seeing that and he was on television yesterday during one of the is upped talk shows and he said talking about the iranians and
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their sense of desperation, they view the president trump as a direct threat to that regime preservation and had iranians with the terrorist of iran and donald trump. >> i'm with you on that one and little me talk to the general real quick. the general a said israel was incapable of doing this on their own. kash is very smart and israel may not have a choice. this administration is radical in terms of the policies, and i believe it's the dc's policies or the white house policies that forced israel to go at it alone. i want to say that the americans better start getting on board with how we're conducting operations and special operations in our counter terrorism and one thing people
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fear more than being killed by israel is the thought of getting killed by israel and play that psychology and trip the bushes and dismantle them and going for them and don't have a choice and americans need to get on board with how we're conducting operations and we're talking to israel and the next target here in the united states. david: is it so much of the efforts that could have been done without a war and they've been ill funded and they were during the trump administration and they simply would not have had the cash to fund hamas and of course hezbollah and to the extent three and a half to four years and if donald trump and efforts of ha sad and combined
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with the maximum pressure of trump administration against iran. >> we should be side by side and can't happen unless there's an election that changes commander in chief seat. when we're back in power with president trump, you'll see what we did with israel and the prime minister and special forces and intel operation. we'll be standing side by side and shutting off machinery feeding into iran and there's 100100 hostages and iran and hezbollah and going for 50 hostages going to perform and combine and that's going for them and wake up and prioritize israel and that's not what kamala harris is about and bring home americans and end the war and bring home z israelis and bring home our allies and protect them and donald trump is
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david: a new mayan caravan heading to the border weeks ahead of november's election as migrant crime and public expenses for migrants reached a breaking point in communities all over america and also growing concern about migrants being allowed illegally cast ballots in the upcoming election. joining me is texacongressman pat fallon for details on all this. great to see you. thank you for being here. california as i'm sure you noticed just passed a ban on local governments there demanding ids at ballot box. isn't that nice? now 81% of americans according
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to both to gallop and pugh research and 81% think there should be ids, photo ids for balloters and i think, i assume banning what 80% -- 81% of americans want and that doesn't sound very democratic. >> 85% of hispanic americans are in support of voter id and makes absolute sense. people that don't want it are for left.
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representative for them and going on them. there's news that kind of relates to this just the news and i don't know of insights and best on the internet and just the news and high risk and noncitizens. being required without the ports of entry toe id and that's voted for the ballot box. if you're not safe, you're mott free. just a small fraction of these folks of the cost of the criminal element.
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we immediate to call it out who they are. 17 times under oath going for congress to lie and say the board service connected secure. no safer than the prior administration and that's absurd going for the public administration at this point about 2 million crossing illegally and border 11 million and david: border czar and said the same thing that the border was secure. said it several types over. speaking of kamala harris and what happens with the migrant situation with the president in november. my doubt that as little as has been done and most done in your state of texas by the governor there closing the border and cutting off 80% of migrant influx.
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do you have my doubt she'd go back to completely open borders and maybe even get back to suing the governor for trying to sue his. this is biden and harris and we can't do that. they only take and discuss the boarder and that's election and that's going wonderful, and in texas and just in texas over the last 10 or 1 years and 299,000 have been arrested and 513,000 crimes, which resulted in 187,000 convictions. so, david, imagine if you extrapolate the numbers across the other 49 states. david: there's been moten success with closing the border but old fashioned methods like razor wire and arresting people and holding them and what
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happened to the lawsuits by the biden administration against governor abbott in texas for doing what they're doing and it was pretty successful. >> are they putting america first. david: thank you, congressman. good to see you. switching beers, what did the september jobs report really show? joining me to break it down, look at this panel, ladies and gentlemen. we have a memorize what they say because they're the best of the
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best as larry would say. steve forbes and art laffer. the book trump-appointed economic miracle and the plan to unleash prosperity. we have information about who came up with that title. but we'll go there in a bit. steve, i got to ask you about the jobs numbers. move than 111 above what was expected and there's a lot of -- as people peer deeply into the miles per hours and they're noticing irregularities and seasonal adjustments regarding government jobs. >> they're losing $2 trillion a year and we should be learfield img ductions in force.
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number of people and holiday jobs and the like soar. they adjust that down. in january these people go back and get laid off and seasonally adjusted, they go up. seasonally adjusted, maybe chicago has taken over bureau of labor statistics in terms how you interpret this thing much the other thing, hours worked is slightly down as steve points out, government related. not the kind of thing that bodes well for the future, especially if she gets elected and we have taxes that will throw us into a depression. david: art laffer, when you and i first met, i was at wall street journal and came in and gave us all the wonderful tales about how wonderful california is. i said at least in the united states, we can rely on law and odder r and information that's coming. as bad as government s we could rely on it. seems like we're losing faith in
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the whole series of government overspend. >> doing the duration of moving average the way they do it and when you get the covid thing and huge blip. the blip coming and causes all sorts of things. david: faulkender says the same thing. >> maybe i'll change my sorry. david: no, don't change your story. i want to play a clip of larry's interview with donald trump from friday and talks about the
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corporate tax plan and let me roll that and get your reaction to it. roll tape. >> we took in more revenue in'21 because after the tax cuts, trump tax cuts that were phenomenal and just about everybody admits that. now i'll take it from 21-15 but make your product here. david: name of the book is the trump economic miracle. can something like this combined with other details of the tax plan create a second trump economic miracle if he's elected? >> northeast definitely will. dropped from 34-# 1 and tax cuts pay for themselves and we -- >> it works. we grew faster than europe. we grew by 2.5% faster than europe and using larry's idea and larry all the way these two guys love it too.
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it's 100% expensing capital purchases and going together. the estate tax, if you want old geezers like me to work, you want to get rid of the estate tax. i sit down and i'm working for my brand kids and if you cut my grand kids out, i'm stopping. i mean, the left would probably love that if they knew i would would stop. david: little details and a lot looking at plans that you and larry and art came up with with the first economic miracle in trump and a lot of those details most folks didn't know about it and 100% deduction and they're turning out to be one of the main cogs in the wheel that created all of the economic activity. >> we took half the people off the rolls of the death tax; right. under that plan, and we also
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>> going mow today, only 500,000. if kamala gets in and repeals the trump tax cut, 7 million people, steve forbes, would have to pay the tax. david: steve, one of the biggest lies and talkingwas just for mit this is according to the tax policies and this is a left leaning policy institute and sending 65 persian of taxpayers with the trump tax code that came in 2017 and does that mean 65% of americans get the increase? >> the standard deduction and raise everything else and that would hurt the economy. yes, they would get a tax cut.
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tax cut would remain, but the rest of the economy would get slammed and they'll have a severe for the worse since the 1930s and people like to look at rose colored tax cut republicang the corporate tax. >> there's missionary work still. david: going for flat tax from the second trump administration? >> if it's going to come, it'll come under donald trump. >> i love it. how could you not love the plat tax. charles: talking about all the time. get for all the liberals talking about well, the deductions of the oil companies get, we agree. you shouldn't have all those.
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one of the best republicans and democrats ran on that issue and it's a bipartisan table issue. >> how simple is that? david: talk about the worst economy going to try and make chances and property taxes and a wealth tax and worse tax you've ever imagined and i think of possiblies for the whole life collecting baseball cards and they've always been lucky enough to have them hang onto something long muff and have a very valuable collection and you're going to have irs agents come into nor house and value everything you have from your gold to your baseball cards to the paintingings on the wall.
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>> you can mott tax your way to prosperity. poor people spend themselves into wealth. david: exactly. thank you, gentlemen. >> it's great to be here with the three of you. only one missing is larry. david: larry, you're in the middle spiritually. president trump held a monumental rally in butler, pennsylvania. the site of the assassination attempt in july against him. we'll talk to rich lowry and tammy bruce next.
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david: where he have tammy bruce and rich lowry with me right now to talk about the assassination attempt on donald trump in july. tammy, one thing elon has been hammering home is that despite the rhetoric coming from the democrat side about how this is the democracy hour and that we care about commodity seizure disorders and donald trump doesn't. the way heir talking about democracy and the constitutional democracy, that has as its for
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first amendment talking about free speech. >> if the platforms don't mop torr the contend -- monitor the content and moderate, we lose rowal control. violence and sexual child abuse et cetera. the argument is that there has to be more and there's dangerous goals for them and we understand that that's an excuse and that's
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reason for elon musk is he has this hugely influential platform and maybe more influential. >> free speech principles is not the way these things are going. spouting anti-free speech cliches and hate speech isn't protected by the first amendmen. mott a great thing to say it and protected by the first amendment and going solely for the cliche and can't fire in a crowded theater. this is all wrong. that was 100-year -- david: how co-you define fire. and claiming mig that disputes all of the rhetoric going on about climate change, that's yelling fire in a crowded room. >> if you dissent, you're misinformation. that's how it works. david: then we have and mott
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clear on what kamala harris is or would do and she'll do things opposite of what she said and said she was going to do two years or more. she'll be on going on that spot on the matchup. >> the work we've done resulted in a number of movements in that region by israel that were very much prompted by or result of many things including our advocacy for what needs to happen in the region. region. david: did you understand anything she said? >> i did not understand that and it's like a refrigerator speech. needed to say words that mattered and and how difficult
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and jewish people an the world and going to exterminate those people that have never been. she couldn't do it. david: maybe even more so by bad policy decisions. know how trump will do it and he's done it in the past. continuation of the biden and fears above. going for these want to establish the deterrence.
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chew on a ♪ robitussin ♪ david: thank you for watching this special edition of kudlow. liz macdonald is here to take you through the next hour. all yours. liz: thank you, david. great show. welcome to the evening edit. i'm elizabeth macdonald. >> you don't do too many long form interviews. what made you want to do thi
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