there's still about 15% off a good sell of all-time high but the fundamentals underlying it are fine. the ones that were good were remaining and they have dealt with the gross margin issue, and portion size, and there's probably some upside to margins from there, and they still have some more initiatives just in terms of the basic blocking and tackling, and having higher throughput and potentially raising some menu prices. they have the limited time offering of the brisket and they've extended their ability to be able to do that through year-end, so they are well positioned to get backup to their all-time high. liz: micron and uber are in that camp. buy lower at least. it's great to have you sir thank you have much. >> [closing bell ringing] liz: lots of green on the screen. kudlow is next. larry: hello folks welcome to

kudlow i'm larry kudlow. so, president trump is in scranton, pennsylvania today selling his plan for less taxing, less spending, and more growth. more on all that in just a moment but first up bryan llenas in scranton, pa. what's cooking? reporter: hey, larry. well the former president is speaking to the crowd here in scranton. of course, this is president biden's hometown. he had to drive on the president biden expressway to get here. the message here has been all about the economy. the former president promising to cut people's energy bills in half. he is attacking vice president kamala harris' past anti-fracking stances as well as her comments on being pro-green new deal. in fact the former president has played clips of harris, including one from earlier this week when she was on the view in which she said she had no regrets on anything her administration has done over the last four years.

the former president also attacking harris on inflation. remember the joint economic committee by republican says that people here in pennsylvania are spending $1,000 more per-month than when they were four years ago. now this is all happening while now polling has come out from competitive blue wall states. the quinnipiac university poll showing here that harris has a slight lead over trump in pennsylvania by three points, but trump making a big move here. he is now ahead of harris in michigan and wisconsin. the same poll had harris up in these two states back in september. remember, all of these results though are within the margin of error. now, the fox news polls show that trump has an advantage here in pennsylvania on the issue of the economy. it is the most important issue to voters here. trump with a six-point advantage over harris. let's remind folks with trump's economic plan includes permanent tax cuts from 2017, no taxes on

overtime, no taxes on tips, no taxes on social security income for elderly americans and also proposed slashing that corporate tax rate to 15% and en acting a universal 20% tariff. trump's visit to pennsylvania comes as the "wall street journal" is reporting that democrats are privately growing worried about harris' stance with working class and union voters in this state as well as michigan. yesterday, the president of the teamsters union, well he put it in more stark and blunt terms. listen. >> i'll be honest with you. i'm a democrat but they have for the last four years and for once, not all of them, but for once, we're standing up as a union. probably the only one right now saying what have you done for us and i'm getting attacked from the left. reporter: of course well remember the teamsters union poll, larry, showed 60% showed rank-and-file members support the former president,

yet the union deciding not to endorse a candidate for the first time in nearly 30 years. larry? larry: bryan llenas, thank you for that run-down. we appreciate it. now, a little bit different. give dr. art laffer a nobel prize in economics and that is the subject of the rif. so the nobel prize for economics will be awarded next week. a clear winner and it's high time should be art laffer and if you ever needed more evidence, at the laffer curve drawn on a napkin way back 49 years ago in 1975 if you ever needed evidence to prove that he's been correct time and time again, including even the latest budget numbers just coming out for fy 2024, those numbers show an out of control deficit of nearly

$2 trillion. indeed, biden-harris fiscal policies have produced $2 trillion yearly deficit as far as the eye can see , but here is the wonder of the laffer curve. total revenues have soared to $4.9 trillion, individual income taxes up 11% and get this. corporate income taxes up a whopping 26%. in other words, as dr. laffer preached for five decades. law enfdecades lower tax rates o higher tax revenues, that's right, higher. its been about five decades government estimates have been wrong when scoring tax cuts as revenue losses. in fact whether it was jfk or ronald reagan or donald trump, all big tax cutters, those lower tax rates produced higher revenues, and a lower budget deficit except during the biden

dashcyears. the combination of economic growth incentives and less tax avoidance were the basic principles behind art laffer's curve, and it keeps getting proven correct, even while official government estimates keep getting proven wrong. right now, there's new stories about the high def sit, which is supposed to be worse on mr. trump's tax cuts than under kamala harris' spending increases. she's already told us she's going to spend at least 2 trillion above the biden-harris baseline including new entitlements and subsidies, but not to worry, folks, because the $5 trillion proposed kamala tax hike is going to pay for all this , the new social spending. nonsense. nonsense. the spending will raise the deficit and the tax hikes will so depress the economy that they will raise the deficit even

more. mr. trump, on the other hand, has a transition policy group that is planning to chop down the budget deficits with elon musk-type budget restraint, as well as revenue increasing supply side tax cuts. trump policy is about less taxes, less spending, more growth and declining deficits. harris wants more taxes, more spending, and bigger deficits. mr. trump, to his credit, believes in dr. laffer's curve and that's why he awarded art with the presidential medal of freedom back in june of 2019. that was wonderful, but you know what? arthur deserves a nobel prize as well, and that's the rif. all right, joining us now, mike faulkinger, former assistant treasury secretary, chief economist at afpi, and

let's see , all right we'll play some sound from an interview just last friday. we'll play some sound on that. >> i mean, there's a difference. your the tax cutter. you're trying for a new golden age in this country. she's a tax hiker. >> if you followed her policy, you will end up in a 1929-style depression. 100% certain, & companies will flee and jobs will flee and everything will flee. you won't have a country left, and she's the only person i've ever seen that is campaigning on a massive tax hike. larry: all right now let's bring in texas congressman and budget chief jodie arrington and you're out there some place in the ether zone. we can do separate places. chairman, thanks for coming

on set particularly, so first point. i want to give arthur laffer a nobel prize. president trump gave him the presidential medal of freed freedom award back in june of 2019. art laffer's curve predicted all these years lower tax rates mean higher revenues. a combination of better economic growth and less taxes and ironically, even with ballooning deficits under biden, it's mostly ballooning spending. ironically, corporate tax revenues after the trump tax cuts are up 26%. by the way, income tax cuts under trump. those are up i don't remember the number, 12%. so, laffer is right again, that among other reasons, he is i believe worthy of the nobel prize but i want to ask you as the budget chief. everyone is saying that trump's tax cuts will worsen the budget deficit. there's a big story in the "wall

street journal" this morning, and no one seems to understand the laffer curve. you understand it and you can beat up on the cbo. let's talk about this. >> we have a blueprint to put the country and the people's government here in the united states on the path to balance central to that is growth, and you can't grow when you're thrusting the barrage of regulatory rigamaroll on small businesses, the economic engine and you can't have your foot on the backs, the life blood of our economy, our energy producers and you can't raise taxes, especially on the heels of covid and the recovery that we have been trying to suffer to get back on our feet, but keep getting knocked down by dumb, economic policies from this administration. so unleashing prosperity again with the same formula that -- larry: i love that phrased.

i should have used it. unleashing prosperity. >> well it was unprecedented. the 2017 trump tax cuts, along with deregulation, america-first policies, and not paying people not to work, but incentivizing work-capable people to get back into the marketplace, taken together, gave us record revenues and by the way, if we increase the gdp by 1%, that's 3 trillion towards deficit reduction, and about, i don't know, 20 i think close percentage points from the debt-to-gdp now at the highest levels. larry: which is really the key. you want to get debt-to-gdp down. you want deficits down but you want them down in absolute terms. just a quick question. is your committee working on this balanced budget plan? >> passed it twice. larry: is it a broader effort? >> we've passed it twice at a committee. we base it on james madison's comment that a public debt is a

public curse, and the worst of its kind in the republican form of government. our founding fathers new the sinister threats of debt, and as we look at conflicts in the middle east, as we look at the natural disasters hitting our country, as we look at the miss appropriation and misuse of moneys, where we're spending tens of billions on illegal immigrants instead of helping our fellow citizens, we've got to right size this federal government. we've got to get rid of the covid bloat. we've got to reform entitlements. we've got to root out the 236 billion in fraudulent spending in healthcare and welfare. larry, it's a long list. it's all in the plan, and central again is growth. larry: you and that fancy think tank you work for , are you working on a balanced budget plan as chairman jodie arrington is suggesting it be a pro-growth plan and include the tax cuts but it would also have a sizable

volume of spending, i'll call them savings or restraint, whatever. actually, mr. trump on the campaign trail, you know, recently, has been talking about spending cuts, including i might add what obligated but unsent that miss named inflation reduction act. he's got, he's enlisted elon musk. i don't know whether you've have any contact with musk, but that's going to be a spending restraint as well, and then you have the laffer curve and tax cut so what are you cooking up? >> yeah, you've got all of that, larry plus add in as you said deregulation, unleashing american energy abundance and the combination of all those things make us the most competitive place in the world to do business. if you have a, remember if you have a kamala harris corporate income tax increase, businesses are going to move abroad, couple that with all of the regulations that she and joe biden have implemented, and you're making it difficult to do business here. if we unleash the american economy by having low cost

energy, low cost regulatory environment, lower taxes, growing labor force, because we're paying people to work instead of paying people to not work, the combination of those things can lift growth and as the chairman arrington said if we can get another point per year out of gdp growth that's $3 trillion over the budget window we can use to pay for a lot of these things because if we can grow the base, we can have lower rates applied to it and still get record revenues, which is the record we've had. larry: if you go from 2% growth, actually the long run baseline is i think 1.8 from cbo and the federal reserve, so let's just think of it as two. if you go from 2-3%, which should not be difficult which trump experienced by the way for quite a part of his administration. he did better than that at one point he had 4%. if you do all of that you'd have your $3 trillion, and jodie arrington, before we lose both

you guys. i just wanted to go back. when can you beat some sense into the congressional budget office and the joint tax committee, which, and i've been in this game. i was with the fed during the 70s. i was at omb in part of the 80s and more recently in government. they have always gotten this wrong. they have never adopted anything like the laffer curve so you get these stories in the newspapers that trump's tax cuts are what's causing the deficit. not kamala's spending and not her, i mean, what would a $5 trillion tax hike do to the economy? really, seriously? 5 trillion? you wouldn't get 2%. you'd get deep deficits in growth. minus two, minus four, who knows what you'd get. >> you're right. we know because we have the joe biden kamala harris 10-year budget right alongside our budget that puts us on the path to balance. larry: what was the 10 year budget? >> her 10-year budget adds

$17 trillion to the debt. it's the highest sustained levels of taxes, spending, and borrowing in the history of the country. larry: she's at it again. she wants more of the same. >> she wants more of the same. we can't be wedded to the cbo score. they were off by a trillion over six years on the tax cuts. larry: they are always wrong. they scored trump's corporate tax as a big revenue loser so now look. again, from the newspaper this morning. we're still inside the 10-year window which is how they score these things and we are still producing huge revenue surpluses from his corporate tax cuts and they won't acknowledge it. each year, they make long-term projections they have been wrong, every single year. it's a scandal. somebody should do something about the congressional budget office that's the official government scorekeeper or the joint tax committee which is their little side kick and they are always wrong also. last word. do something. you'll be chairman again, slam them.

go after them. >> well, listen. we can do what we think is right and we have a lot of external validation, in fact goldman sachs here said that the green energy corporation tax subsidies that came out of the so-called inflation reduction act were only going to cost 200 billion and instead, it will be closer to a trillion. larry: of course. >> so wrong again. so let's do what we know to be right. you talked about art laffer and the laffer curve. let's make the investment in growth. let's get some of the government burden off the backs of the guys. larry: arthur needs the nobel prize. if you can do nothing about that, it's a little late, but you should pitch in on all of that. we've got to go but in all seriousness, the cbo and the joint tax committee, the official government score keepers need to be changed completely. top-to-bottom. i mean that sincerely. those tax cuts for 2017. there's a 10-year window for scoring. we're not there yet.

this is 2,024. 2024 and they have it completely wrong thus far in mounting ways. they are wrong. somebody should just, if you get them to testify in front of your committee you put up a sign here is the numbers. big poster put it up on the stand. they are always wrong. this is one of my pet peeves. their scoring is not dynamic and not laffer curve. i've got to get out. thank you ever so much. we appreciate it. folks coming up, elon musk is succeeding where fema has failed. we're going to talk it with florida congressman cory mills next up because right now florida could be in a heap of trouble, because of this new hurricane. i'm kudlow. give laffer a nobel prize. we'll be right back.

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larry: all right, fema still struggling to deal with hurricane helene as well as hurricane milton which is heading for the state of florida. fox business grady trimble live at the white house. grady? reporter: yeah, and now the concern, larry, is that fema is dealing with a staffing shortage. i want to show you the numbers and it kind of explains how tied

up their folks are responding to two back-to-back storms. fema's daily operations briefing shows the agency has just 8% of its incident management team available to deploy after hurricane milton. that's around 1,100 people and the new york times reports that typically, the number of folks available be around 25%, so part of the reason for that lower number than usual, much lower, is that about 7,900 of fema's folks are tied up helping with other natural disasters, namely, helene, but despite all of the concerns about both staffing and funding, fema's administrator says its got the people and the money to handle both of these storms. >> i want to be clear. we at fema stand ready to both continue our support to hurricane helene and respond to the impacts from hurricane milton. this is what we do best. reporter: but here is the thing. these staffing challenges at

fema are nothing new. we've known about them for years, in fact, a government accountability office report from last year raised concerns about staffing revealing a 35% shortfall at the agency, and because of the response to helene and we'll see what happens after milton, house oversight chair james comer says once the dust settles on these hurricanes he wants to bring in the head of fema for a congressional hearing. >> i think we need to have a complete review of fema, just like we did with the secret service when the house oversight committee brought in kimberly cheatle. it was apparent to the word that the secret service wasn't up to the task. there are a lot of questions for fema. reporter: yeah, so, we'll wait for that potential hearing. comer says it could be scheduled for mid-november. maybe we'll get more answers about the response to helene but in the meantime, the fema administrator has been on all sorts of platforms today,

including briefings with the president and in the white house press briefing with us, the press, saying that they are ready for this second storm in two weeks. larry? larry: thanks very much, grady trimble. we appreciate it. so for more on this we'll bring in florida congressman cory mills. good friend. corey, the first thing i have to ask is what many people have suggested in the past week or so, that fema is short of money and resources, because they have devoted so much to the illegal immigration wave. in your judgment is that true, partially true or what? >> well i think it's definitely partially true. i think that we have to look at poor leadership, mismanagement of an appropriations of funding, and over $1.01 billion allocated not including personnel from fema to immigration for settle am, not towards what fema is supposed to be focused on which is natural disaster crisis. i find it odd, however, larry, that she talks about how fema

stands ready and this is what we do best. well i was on the ground in north carolina for five days in western north carolina delivering over 23,000 tons of supplies running search and rescue missions, dropping starlink systems by elon musk to be able to get connectivity to their missing person list down and then we didn't see fema for almost a week and then they started showing up and ones and twos and really undisclosed places nobody knows claiming they are doing pre-registration and so i think that it's a joke for her to act as if they are doing their job. it's like mayorkas says our border is secured it's political rhetoric because the people on the ground see the real truth. larry: speaking of elon musk just for a moment, elon musk and his starlink receivers play such a role first of all in helene. they maybe called back into duty. i'm sure they will be. they've also helped enormously elsewhere, spacex is helping to rescue astronauts, as you well know. i mean, do you know this story,

perhaps, but the federal communications commission, a couple of years ago, rescinded an agreement to pay spacex $886 million to install starlink receivers in rural towns across the country. that was a recision of an agreement. now, the total, you probably know this also, is somewhere around $40 billion. it was in the original authorization bill, and based on reports, about 40 billion that was authorized, i believe in 2022, nothing nada, has gone to the rural areas. no internet connections have gone to the rural areas whereas elon musk could have put that together for less than the 885 million that was rescinded. i don't understand it.

nothing. >> $40 billion. $40 billion for rural assistance. now i don't know how the hell you spend $40 billion. some estimates are even higher. when we looked at it and the trump administration, we were like 10 or $12 billion max, but anyway, why is there, you know, they hate elon unless and until elon can help them. that's the way i read it. >> larry, you're exactly right. they are trying to go ahead and utilize the appropriations by congress to withhold that from elon musk because of his outward speak on being a supporter of donald j. trump because of him showing up fema and showing up the federal government when it comes to getting connectivity when they can't do it and this is the same party and administration, larry, that talked about soft infrastructure, hard infrastructure, personnel infrastructure. you know they couldn't define it, talking about the billions and billions of dollars they need and to your point, they couldn't even utilize elon who could have done indiana days to setup the rural area so this is

the weaponization of government. this is the law fair that we see with the department of justice and the withholding of congressional appropriated funds because they don't fit an agenda or narrative or they aren't a donor of the party in charge is what this truly is. larry: these receivers, they are like wafers. they are $300 a piece from what i gather. i'm reading some reports. >> they are amazing. larry: you don't have to go through the fiberoptic and digging and disruption and hundreds of billions of dollars. this is 300 -- >> they are amazing. larry: right. that's just the part, i don't understand. cory, quickly on the florida hurricane threat. it looks like it's barreling down big time. finish it up for us. >> as you're seeing we're starting to feel and see the effects at our home on the atlantic beach. our district will definitely get impacted by this but the west coast and all of florida will see an impact. it's a massive storm. people, largest evacuation in

history, but our governor, the greatest governor in america, has been on the charge to make sure we respond quickly as well as my team who pre-positioned two helicopters, about 40 different generator, starlink systems as well as nonperishables and other items needed, we'll be deploying those tomorrow in coordination with our emergency management center so we're ready and just like we said before. the federal government can't do their job, just like they didn't in afghanistan, israel, all of the places i went to rescue americans, we'll step up. this is americans helping americans, larry. larry: congressman cory mills thank you for your service. by the way fox business will have live special coverage of hurricane milton tomorrow morning, hosted by our team at fox weather. that will start at 4:00 a.m. tomorrow morning and god bless the residents of florida. oh, my gosh. anyway, coming up, donald trump is a tax cutter. kamala harris is a tax hiker. we're going to talk about it again with mr. newt gingrich. he's for lower taxes by the way.

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larry: well, low and behold another record close for the dow jones and the s&p 500. the kudlow trust loves it. our loan lydia hu standing by with some story about this one, lidia? nice going. reporter: yeah, nice going today, with these markets closing at record highs today. the dow and the s&p both knocking record closes yet again. the dow up 431 points the s&p higher by 40 and the nasdaq higher by 108. we're getting these record closing today after the fomc just released minutes from its september meeting. i'm sure you remember that's when we got that jumbo 50 basis point cut. the minutes are interesting. they show us that a majority of the voting members favored that large rate cut believing that the upside risk to inflation had decreased but we did see some disagreement here. michelle bowman, for example,

preferred instead a smaller 25 basis point cut. of course now, larry, we've got our eye out tomorrow for that latest read on inflation with the cpi record coming out at 8:30 of course we'll have that breaking news on fox business. let's check in here now with trump media and technology group stock. it's really taking an interesting ride. we are seeing that it is sliding today but if we just kind of zoom out a little bit we're seeing really big gains for this stock recently. this is of course the parent company of donald trump's truth social. it's down more than 5% today but up higher than 32% over the past five days. higher by 14% over the past month. not especially clear, larry, what's propelling these moves but some believe it's a reflection on how the market feels about the election. maybe how the market feels about donald trump and of course, you've got to remember, elon musk just appeared at trump's huge rally in butler, pennsylvania over the weekend. that could be giving investors and the stock a big boost. larry back to you. larry: thanks very much. we might speculate on the truth

social djt is the ticker. we have concha and simonne coming up later so hang on. joining me now we've got newt gingrich. former speaker of the house, fox news contributor and very dear friend and wise man. newt, i'm going to play you some sound from an interview somebody had with mr. trump last friday. >> your plan, you offer, i'm sorry, 15%, 21-15% business tax rate, which be the lowest i think we've ever had in this country. >> we have to guard our companies. now they are going to have low taxes, lower environmental costs, low energy because i'll get the energy, drill baby drill, get the energy way down, we'll have the lowest energy. larry: all right so, newt, i want to talk to you about that little rif, because 50% be the lowest corporate tax rate in the history of the country number one. number two, it should stimulate

domestic producers because they are the ones who be eligible for it and number three all of the analysts and news reporters and blah blah blah are all saying gee, lower tax rates will certainly contribute to much-higher budget deficits, and the trouble with trump is, he doesn't show you how to pay for his tax cuts and his budget deficits. let alone the fact that the cbo is the scorer and they are always wrong. they have been wrong since their inception which was 50 years ago. i just want to get your take on that. >> sure, i actually thought that j.d. vance had this right in the debate when they asked him a question, they said look. these are all of the people who have always been wrong. i mean, you and i know this. we were in the supply side fight almost 40 years, i guess 40 years ago, when people thought

we were crazy because we said reagan's three-year tax cuts are going to lead to a boom. if you combine tax cuts with deregulation, you get a boom. if you get a boom, you have higher-income, you have more taxes being paid because more people are at work. their incomes are higher. capital gains goes up. the ironic reality is that a lower capital gains rate increases the ability of people to sell their various investments and realize a profit and actually increases total government revenue, so we've had a clear history. i'm not an economist. i'm a historian by training and i can tell you as a historian that if you mo moved tokers a lw regulation, low taxation, encourage entrepreneurship, be positive about risk taking, and encourage the work ethic, you're going to get a boom in this country which is going to pull us away from the rest of the planet and make us far and away the best place to invest

in, the best place to work, and i mean that's just the historic record, and all these nutty theories on the other side have one common pattern. they don't work. they aren't true. larry: hang on. here's the best part of this is that the reporter are criticizing kamala harris because even though she's going to spend trillions of dollars on various new and existing entitlements and lord knows what else price controls, okay? that's okay, and furthermore, she plans to raise taxes by some $5 trillion and newt, that $5 trillion tax hike, gee whiz, it won't hurt the economy at all and will probably help bring the deficit down. now that's perverted. history is what we need here. history shows you the actual record of these developments, okay? the historical record. i mean, can you imagine

the stupidity of this trump's tax cuts are bad and hers are terrific. what the heck kind of reporting is that? >> it's not. look the propaganda media is a bunch of let wing coo-coo's who went to the elite colleges and talked to them things into things that are stupid. the truth is if you combined the amount of bureaucracy kamala harris wants, the amount of regulation kamala harris wants, the kind of tax increases kamala harris wants, and the kind of increased deficit spending kamala harris wants, she might as well run on, you know, vote for a depression now. i mean, her policies, if they were ever to occur, and she would not get any of them through the congress. that's the other factor. republicans keep the house and win the senate and she wouldn't get any of the stuff done and that's what tripped her up the other night on "60 minutes" when she did probably the worst performance by a presidential candidate on the national show at least i've ever seen, and she

couldn't explain any of this because the truth is, none of it would go through the congress. larry: you know, just another thought on this. the nobel prize for economics is going to be given out next week and arthur laffer should get the darn thing. as you know, donald trump gave art laffer the presidential medal of freedom. okay? we were all there for that, and it was a wonderful thing, but arthur whose laffer curve predicted all of the things you talked about had been correct for 50 years since he put it out in the middle 70s on a napkin, whether it was jfk or ronald reagan's tax cuts or trump's tax cuts its always been correct and that's why i'm opting that he should get the nobel prize. >> well look. obviously, if it was based on merit, and on historic impact, laffer is one of the most

consequential economists of the last half century. i mean, he really is in the same league as milton friedman in shaping what game the governing philosophy that worked and in that sense art certainly deserves the nobel prize and will go down in history as one of the most impactful economists in the last 50-100 years. larry: thank you, newt gingrich thanks as always for your wisdom. we appreciate it very much. folks here, mark simone hall of fame radio host, joe concha, fox news contributor author of "progressively worse" oh, my god he's going to be right about that one. >> [laughter] larry: mark simone why is ticker djt or truth social, mr. trump's media company, why is it rallying like topsy? >> well it was under valued. it's a good company. it's a good site and i think the alliance with elon musk has given everybody the impression that this could be some sort of merger, some sort of twitter. larry: twitter x merges with

truth social? >> exactly. trump has been more active on twitter and the two of them they are the best of friends right now. larry: symbiotic. listen to you like a financial analyst. >> and the markets think that donald trump will win at least the betting markets are strongly in his favor. wall street sees the momentum. they see polls coming out of michigan and wisconsin, pennsylvania where he's winning a majority of them now in the blue wall. larry: you are right. it's a big turnaround. the betting markets in particular, but i've noticed all these other polls. i just saw a poll today. we were reporting on from pennsylvania. anyway, wisconsin and michigan are now plus for trump. >> quinnipiac has that. they were off by 10 points in 2020 and they have trump up at this stage and then you see trump going to places like new york city, madison square garden, california, colorado, four weeks before an election and he's going to blue states like this what did that tell you? a play for the popular vote to try to sweep house, senate,

white house. larry: i like him in virginia too. i actually like him in new jersey too. he's going to win new york but help the congressman win new york. so, putting on your entertainment hat, not your financial analyst hat, newly-found, madison square garden. really? >> absolutely the biggest venue, the number one arena in the world. that's where champions play. that's where the great fights took place. i still say he will win new york. he will shock everybody. internal polling apparently democrats panicking. on the democratic sideshows trump ahead in the swing states. larry: joe concha just give me 30 seconds. madison square garden internal polling. trump is the momentum seems to have shifted. i think ordinary observerring who might read the paper everyday or every other day things have changed and they aren't good for kamala. >> she's having her worst week we're only at wednesday that she has had. >> [laughter] >> "60 minutes" interview was a

hot mess of a train webbing. wreck.she is the first democrato screw up an interview on the view where she says i wouldn't change anything from the past three and a half years and picks a fight with ron desantis because calls himselfish for being laser-focused for concentrating on saving lives? she's all salt and no tequilla. larry: and it's only wednesday. >> only wednesday. larry: it's only wednesday, joe concha and mark simone, i just love that. folks coming up, why do democrats hate the private sector? now this is a story, attempted smear at david mccormick, republican candidate for senator based on his hedge fund life. we'll talk to charlie gasparino about that, i'm kudlow. alright, we got your home and auto bundled and you saved hundreds. oh, that's nice, with the economy and all. what's the economy? [chuckling] where do we start? what isn't the economy? yes. [ laughter ]

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larry: joining me now charlie gasparino, fox business senior correspondent, author of "go woke go broke" charlie we're a little pressed, but cnn on david mccormick for his time at the bridgewater hedge fund arguing that all he did was short stock which is is completely lies. charlie: short stocks of pennsylvania companies and comcast was one of them and you know, i cover the confluence of wall street and washington and also just cover business. i know about comcast, cable.

not exactly the most absurd thing to short, but against that stock not because it's in pennsylvania, but because cable is a crummy business right now, no offense. that's what it is, but -- let's be real clear here. bridgewater is $100 billion hedge fund, the biggest by size. there's no way the ceo knew about these trades. larry: right. charlie: these only involved in like a trade that is existential to the fund, and guarantee, their investment of hershey, the chocolate company, is not willie wonka, is not animating him. i mean, he's got compliance, a million people between him. larry, i don't like doing journalism sort of critiques. but for the grace of god we all make mistakes. this is a really bad story and it's bad editing. i mean, this should have been deep sixed, because the ceo has nothing to do with this , and

also, you know, short selling is not illegal and by the way, do you know what's actually good for companies? do you know why it's good? it tells comcast if you get people betting against it, clean-up your act. hershey, i don't know anything about hershey. i haven't had a chocolate in a long time. have you? larry: no, as a matter of fact. charlie: maybe that's why they are short. larry: but not only was he a ceo and not involved. he's not on the trading floor making most of these trades but she goes at some length to quantify the short positions, and then she makes an assertion that -- charlie: of pennsylvania companies so that's what all of this is about. larry: most were long investments. charlie: in pennsylvania companies. larry: she doesn't even give, those numbers are available, and -- charlie: it's three people, right? it took three people to screw this up? larry: two plus two plus two minus one should be five and she's saying no, it's minus one that's what this is all about.

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where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management larry: so i just say, president trump gave up a lot for a presidential medal of freedom award and mow laffer deserves a mobile prize in economics when they vote next week. i have a feeling that li