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florida coast last evening with strong winds, horrible rainfall, flooding and deadly destruction to gr grady trimble live at white house, what can you tell us. reporter: white house says it is ready to deal with aftermath of this latest hurricane, despite fant fact still dealing with hurricane helene, president biden spoke today saying that fema is ready to take care of the immediate needs of the people of florida. we heard from homeland security secretary alejandro mayorkas who is the ultimate boss of fema, he reiterated that same message, both of the gentleman in press briefing and when president biden spoke said they are still battling what they occur to be misinformation about fema's response. >> these lies are harmful to those who most need help.

lives are on the line. people are in desperate situations, have the d the decency to tell them the truth, let me say to people impacted by hurricane helene and hurricane milton, despite that misinformation and lies, the truth is we're providing the resources need to rescue, re recover and we build. reporter: that is president biden we know he spoke with florida governor ron desantis today and several members of congress who have been criticizing fema's response. nonetheless, fema said it has all sorts of resources at disposal of governor desantis including millions of meals and lit e litters of water and -- liters of water of, governor desantis describing his call with the president. >> he said he wants to be

helpful if we have a request, he said send them his way, and he wants to help us get the job done, i appreciate able to collaborate across federal state and local governments and work together to put the people first. reporter: the private sector getting involved like starlink sent 10,000 starlink units to the areas that were impacted by hurricane helene, spacex, in charge of starlink is doing same with this stork elon musk put out a post on x saying that people with t-mobile service will have signals to send text-messages to loved ones and emergency services if needed, they are looking to expand it so people with other carriers will be able to reach out. because, we know that at one point, after the storm more than 3 million people were without cell signal at this hour, we think that there are still several million people, pot perhaps

more than 3 million customers without power to their homes and businesses, it is a long road ahead, and we'll need private sector and government involvement. larry: good that people working across political lines, that mr. desantis, is being a very good governor. and this emergency, i think he is shining in this emergency. but grady trimble thank you so much. >> we'll have more on this with florida congressman greg steube and mike waltz later. but first, the fed is playing politics, that is the subject of the riff. almost of new economic number coming out of washington shows just how political was the fed decision to launch their 50 basis point jumbo size rate reduction back in mid september. first came the out sized johns report, and no matter

that contributor was government and government linked jobs, still, it was the a big number. and big jobs numbers are not usually consistent with jumbo interest rate cuts from central bank and today's cpi report shows very sticky inflation over past 12 months top line cpi is up 2. 4%, that is 20% higher than the fed's 2% target. you go under the hood, so-called core inflation was 3.3% year-on-year. which is 65%. above the fed's 2% target. while kamala harris campaign blasted jd vance for suggesting that dozen eggs cost $4 now. because they are $3.27 back in august, still, more than double from the trump years. and meanwhile john carney reports that vance was actually closer to the target than his critics,

because in the cpi report eggs jumped 10%, coverage price now 3.82. mr. carney call its hillbilly egglegy, a good play on words mr. chargey. all this begs question, why the fed launch uber rate cut over 6 weeks before the election? it is unheard of during a presidential cycle. the fed was being political, no matter what side of the aisle you are oobject of look at number shows fed was being political. that fed head j. powell out of his way at last press conference to deny central bank would play politics. was another clear example that fed was playing politics. there is some big soft spots in the economy particular manufacturing and housing.

which are probably both in resolution. con -- recession. consumer spinning is holding up the economy, but fed stated the reason for their mega-rate cut, was a collapse in jobs market. and a sure bet that anoninflation rate would hit there are target. the labor market is holding up well, for whatever reasons. so, mr. powell and all of his wisdom has done what the fed has not supposed to do, interfering with the election. or, trying to give the kamala economy some last minute juice. literally, just before an election day. tell you what, in the world of monetary politics, j. powell dragged central bank to a new loy. a-- low, that is the riff, joining us now

aforemantioned poet john carney. he is the finance and economic editor at breitbart news, coauthor of breitbart business digest, it say must read. -- it is a must read, john, you have been saying for day one, the fed's move last september, was political. for all rei reasons that i said, numbers don't prove him out. we don't need any big -- we probably di didn't need a change, some people say there will be no more changes but my point before we get to the details of this economy, powell has done what central bankers should not, must not do, there is monetary politics. he has dragged fed to a new low. and i think it will take a while for the fed to buyback the credibility that j. powell last for them. >> absolutely, he blue t

-- blu blew that credibility by not waiting until after the election, nothing in monetary theory would tell you, you need to cut in september or it all falls apart, you can't wait until november that is craziness, it was a political move. i said they should not do it at the time. they can should not do it now, that we have data to back it up. by the way that was another reason to wait. they had on saw -- two months of soft data in jobs market said that a we'll cut, if they waited they would have seen report on jobs that just came out and cpi number and they could have said, woe 50 is way too big, maybely let's about 25 or wait until december what is the rush. if not for politics. larry: play and tape, donald trump had a thing to say about the cpi report. roll tape.

>> just announced that inflation came in substantially hotter than expected last month. double what was predicted with much of the gain from food prices going up. rent and housing costs up. and car prices going up. fact is that the federal reserve brought the interest rates down too quickly. it was too big a cut. and everyone knows it was a political maneuver they tried to do before the election. but they did the wrong thing. it was totally a political decision and inflation has started to rise. larry: i think he is spot on. just shows you, by the way, i was with him, i interviewed him friday, it shows how well informed he is. okay. what he said there, could have been said by any of the wall street economists, he knows the numbers like the

back of his hand, and he knows when he smells a rat. >> he knows what drove up inflation that is a big detail a lot of people don't know, food inflation was very high, car inflation was high, these are things that going to really hurt kamala harris, because people are upset they say, economy is number one issue, inflation is number one issue, inside of the economy and they want that harris is the incumbent candidate, she tries to say she is the change agent, we know that is not true, when they go to grocery store and find that price of eggs is 10% higher in the last month, this is shocking people more than doubled, around $1501.50 for a dozen eggs when donald trump was president. larry: a hype t hypothetical. your inflation target has been breached for three years, you 2% is target.

been the target. now, the worst inflation in 40 years, for past three years, well over target. what harm would it do if you waited until you actually got back to the target, i mean actually, right. or even suppose you under shoot or let the actual inflation rated drop to 1.5. or 1. you have 300 million americans, plus. their price not going down. they don't have 2% targets. they are waiting for eggs and gasoline and home groceries and the rest, the level of those prices, which still up 20% in the there

are no price declines who shopping them. the fed may be talking to each other, wall street or politics, running for president. who is helping the med ill class or lower income people who get hurt the most, by the inflation tax? >> under j. powell own theory, he started during the trump administration, they should actually be under shooting, he said they should average 2% overtime, when they were under 2% we could go over, guess what we have been over for so long we need to actually under shoot inflation for it to return to trend, you are right. they have no business targets just hitting 2% now, they should be targeting below 2% to bring long-term trend back to where people are expecting it to be. larry: on top of that, mortgage rates, if you want to 53 a new -- buy a new home, rates are going back

up they fell from 7 to 6, they are 6.60. >> look at 10 year treasury. larry: i was just going there, 10-year treasury, headed to what 3.95 percent, now that is back over 4%. and inflation you know proving to be sticky, something we have talked about. it does not just evaporate. that is why the management of the fed and particularly j. powell really, powell and a couple lieutenants run this place, okay? they have whatever 600 economists, but he run tvice chairman does not run it board of governors does not run it, he runs it the decisions are made by him and a couple senior economists, they could have wait the. or put it to you this way, there is no reason they couldn't understand what it is like for middle class and

lower income people who have suffered through 20% plus price increases across the board, or mortgage rates or home prices, pause of what the federal reserve has done, on top of that, deficits federal budget deficits, are running 2 trillion dollars a your as far as the eye can see, we're not far from full employment we have high inflation we running deficit 2 trillion a year, by themselves are absolutely inconsistent with low inflation, and this spending number of uncle sam, government, was 11% this year. you are running 11% spending, you are running deficits 2 trillion that is what 6 or 7% of gdp, and you still above, your inflation target. >> money supply is highest it has been for a few years

now, rising since april, throw that into it. reason why the mortgage rates are going back up and 10 year above 4% is a vote of nones net confidence in the fed, it put itself in a tricky position no matter what happens in november if they say, we can't cut. or we oh, no, we might have to raise rates. that is looking for bad for them and political in particular if donald trump comes to office. larry: there will be a change in management when the law provides 2026, i guess. >> powell for a couple more years. larry: i tell you, if the federal reserve were to have to turn around because of sticking inflation -- stick y inflation, sounds like a song or broadway show, if they have it turn around and

raise rates, j. powell should resign, mickey bowman who vote the against this should be chairman. john carney of breitbart our chairman. larry: coming up hurricane milton struck florida coast last night, left deadly disvdisv destruction, we have florida congressman greg steube and mike waltz, you can catch kudlow every day 4 p.m., every day on fox business. if you didn't get here at 4, text your favorite 9-year-old and she will show you how to dvr the show, you will never miss a thing, except inflation, i'm kudlow, we'll be rightdl back. ed 's the econom y? [chuckling] where do we start? y? what isn't the economy? yes. [ laughter ] uh, it's -- it's so many thing.

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with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. larry: as you want hurricane milton struck florida coast last night, a lot of damage, people have lost their lives. millions still without power. joining us now to talk about it florida congressman greg steube and mike waltz, two didgood friends of ours, mike waltz, not sure where you are. or greg it either. how is it going, so far

as recovery. which is what we're hoping for as rapidly as possible. i remark at beginning of show what a good job i thought that governor desantis was doing. and i want to ask you if you agreed, and what kind of a job relating to governor desantis and expectations, how is fema doing in this? mike waltz, sorry. >> larry, i think i am on east coast, we're still getting beat up a little bit with outer bands as it exists. we have a couple hundred thousand watt power, governor desantis going a great job. and to scott and bush.

this is years of investment, strong leadership. you have assets prepositioned. and so, we need the money that the federal government can provide to reem reimburse our locals from fema, florida has this down we have 5,000 national guardsmen and and women, sheriffing state police and ready to go, we will recover. we will recover. even florida power and light has 17 thousand employees prepositioned, with an army of trucks ready to get our economy back on-line, one thing to watch, fuel 50% of florida fuel comes through port of tampa. that will need to recover quickly and cape canaveral, they are say it did not sustain significant damage, we can keep that starlink up. and keep our national security launches going.

larry: you know, greg steube, governor desantis as mike waltz suggests, used the national guard, i have been reading and following this as best a can, governor has also organized and expedited as many utility people has possible -- as possible from florida and outside from florida. to try to deal with the devastating power outages, nothing could be worse, i mean losing one's life is worse but power outages are crippling in an emergency like this and dover in desantis has helped tonoring -- governor desantis helped to organize police, making sure of police placement and cooperation, everyone on same page. i say that, i -- you know, a lot of conservatives have criticized fema and joe biden or kamala harris.

and i'm sure they all deserve criticism, but out of these emergencies, sometimes you know there can be bright spots it seems like desantis is a bright spot, what do you think? >> yes, state has done a good job of allocating resources 50 thousand line man and kudos to president trump who put 300 line men up at trump doral for free to stay before they came out to come to different places like in sarasota i had 200 thousand without power this morning, i said 75 to 80% of my district was without power, we rode it out here, we're experienced forward end of the eye and back ing back-end, it will take us longer to recover with a lot of downed trees, i am on generator power, i have zero calm,

there is no self service, a lot of people in sarasota do not have cell service, same with power but state did a great job of staging the resorts 50 thousand line men to be ready to come as soon as possible, they do it in the grids, i know they are working hard as they can and fast as they can. larry: mike waltz, i'm not fishing but just want -- you are both on the ground, has fema done what fema should do? >> look, larry difference with north carolina is that so many things were prepositioned and prerequested our state and local leadership you know, on top of their game, i don't think that was case with north carolina governor. when you wait until 4 or 5 days until you are the

throes of a disaster that presents difficult issues. florida is way ahead of the game, you see the requests before the storm even hits, it on the state and locals to make those requests, before the federal government responds, and every single one of our 67 counties, have emergency operations centers with everything that bridge inspectors, transportation experts, rail experts, port experts, hospital administrators. this is really about leadership of the local level to tell feds what you need. larry: i suspect florida is a well-run state. that sthat you say makes a difference. >> damn straight. >> i would rather pa praise good than knock bad. greg steube, elon musk, and the starlink receivers has it played a role in this florida hurricane?

>> i have not seen that here on the ground in my district, i would love to have some if he is watching, i have zero conectivty, so the way that i'm working is on a generatoro w wi-fi, i can text via iphone or e-mail but outside that, i have zero cell service, if he would like to help us, i want he has helped north carolina, usually they have comes up, at&t and verizon has them up quickly, portable generators with portable towers they get us up in a couple of days after ian it took 5 days, one to add real quick, i have charlotte county still owed money today from fema reimbursement from ian two years ago, this administration seems to be more concentrated on illegal

immigrant housing than american citizens that need help. larry: other thing is greg, on that point, we learned in last week or two or three, that the fcc, federal communication commission, actually rescinded moneys that were going to elon musk's spacex and starlink system. close to a billion. they rescinded it, for some reason, intent on stopping elon musk. maybe because he is for trump, or just i don't know who the reason is. -- what the reasons are, these starlink receivers, they are just i don't know small wafer -type things, they cos cost 300 bucks each and work real fast, i can't imagine why homeland security or fcc or fema would want to stop it or because it is elon musk? that sounds goof to me. >> it -- >> most political weaponized

administration that we've had. >> larry -- >> go ahead, mike waltz. >> larry. greg stub steube is right, lag time is years and years for fema to reem reimburse our locals, they push cash out day one to clean up degree and take care of over time first responders and hospitals running then it takes 5 or 6 years for fema to reimburse, and we're up street from cape canaveral where spacex launches, the star links, we'll take them here in daytona too, the more merrier we appreciate him. >> thank you so much are safe. good luck on the recovery efforts we appreciate it very much. >> thank you. >> greg steube and w mike waltz, coming up president

trump laser focused on his economic message, congressman lesley hunt weighing in next up on kudlow. and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort.

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>> i will deliver lower taxes, lower regulations, low energy costs low interest rates low inflation greatest economy. in the history of the world, which we had four years ago, we want to bring wealth back to the country. we will have a 15% made in america corporate tax rate. everyone will prosper. and every family will thrive. and ever day will be filled with opportunity and hope. larry: all right joining us now to talk about ti texas cond congressman good friend wesley hunt. trump has i think at this stage, coming down

homestretch, running hard. i think he is really got himself a comfortable message, he is at ease with it, pinpointing tax cuts. but it -- sort of you know on campaign trail, you try to get a mouthful out that summarizes our particularly party platform, policy platforms, i think he is getting it done, i c i think momentum is shifting in his direct because of that, what do you think is that too simplistic? >> no, he is in tune with what american people want we're hurting of day because of inflation, we're getting crushed by taxes, president trump who delivered greatest economy, i had in my lifetime, wants opportunity to have that gain, i have honor of being with him in nevada, they depend on service industry, his dinner with my family last night,

my waitress said mr. hundt m-- could you tell president trump thank you for no tax on tips. we're seeing a shift in polling, because president trump is laser focused on what matters most to american people, it is not dei or race it is not mandate or ev mandates it is the economy, people are getting crushed at grocery stores, and crushes at pumps and president trump wants to fix it, i think what message you will see here in stretch, next 24 days, a laser focused president trump on the economy that is what we can deliver for american people on day one. larry: interesting, i don't know if you had a chance to see, cpi came out today, inflation at this slower rate, it is very sticky. over the past three and a

half years plus as you know, prices up 20%, many prices electricity, groceries. they are up bigger than 20%. so there is that and i think that san issue, i think -- that is an issue, i was with him friday, i interviewed him, his grasp of detail, and scope of what he can talk about, which always amazes me, even though i worked for him, he is still on top of his game and fill follows -- events carefully. to other tax cut but first 15%, corporate tax cut about lowest of all industrial country in the world, produce here, you get 15%. and 15% tax rate, you know, profits go up, that allows companies to hire more people, that allows companies to pay higher wages which was the story, it was the wage earner that

and -- and lower income wage erner with biggest percentage gain in first term, not rich people at all but middle and lower income people with the biggest percentage gain. by far. nothing to do with rich people. you think that message can get out? 15 pe% that say huge thing. >> democrat will make you believe the corporations will all of a sudden go out and buy a lunch of l lamb lamborghinis and b bugattis with a tax cut, that is not what they do. they revest to their employees, they hire more people and expand their, a lower tax rate means any business here regardless of what feel has an opportunity to prosper. i am down here in houston, energy corridor, energy is most important industry in

my opinion right now given what happening in the world. imagine what the companies can do if they can reinvest in their own companies more innovative and cleaner and better and hire more brilliant minds to work for them that is what should -- is what you get when you have tax cuts and see with the economy in future, a boost in economy with trump. because, people will take those tax cuts and reinvest in goods they want to buy. that is also stimulating the economy. it really is just that simple. >> that virtue of circle includes you have 100% bonus that helping -- high are real wages, a virtuous circle. how about the others, you mentioned tax-free tips, he will cut the tax on social security beneficiaries, that

is important. he will take tax out for overtime. then most recently, he says no double tax for american citizens working overseas, is that popular as others, in particular tips cut tax and corporate t pax of 15%. >> does that other stuff work. >> and with message we'll see for next 24 days, laser focused on tax cuts any avenue we could help regular middle class people, that live paycheck to paycheck allowing them to have more money in their pocket to recover from past 4 years and get ahead, today we're seeing record credit card debts debt and people defaults left and right because we cannot afford to live right now, president trump is offering an opportunity for american people as i keep saying to have more money in their

pocket to reinvest in to the economy to stimulate the economy. democrats have a different idea. they think that just by taxing the rich or tacking corporations, we'll fix it. that is not how this works. you said, a few minute ago how this benefited middle class when trump was in office could not be more true, left wants to tell you only tax -- rich got tax cuts. no, everyone single american, black, white, hispanic, asian, we all benefited from the tax cuts, as a family of 5 in my house, i knowed to see it took i don't want to see american people suffer needlessly with the god given resources our great people, great minds and great industries, that exist right here in this country. larry: well you know, just think that, as you said that this left wing stuff kamala harris stuff, we'll tax rich people, and tax rich corporations. you know, as a -- that stuff is so old.

all that left wing pap is so old and people have heard that for so long, i don't think that anyone really believes it any more. but, i have to get out wesley hunt. we could talk all day we will have or dinner in washington d.c. thank you. >> i can't wait, looking forward to it, thank you, sir. larry: okay, next up charlie hurt washington times opinion editor, and alex marlow of br breitbart news, welcome you to, charlie hurt. i don't like to talk polls and horse race stuff but i think that tide it turning, a memo team trump. frizzio and m mclaughlin. you know then. every swing state president trump is ahead, fabrizio

one of the best pollsters in america. trump is plus one in michigan. north carolina. pennsylvania. and wisconsin. now, you know they are polls not votes 4 weeks ago charlie hurt that would not have been the case. so the kamala harris buzz is gone, i think. and it looks like trump is taking command of the rate, what do you think? >> yeah. i agree with you and i like you, take all of the polls with a grain of salt, what is more interesting at the moment is change in tact tick by harris campaign they are trying to put her out to do interviews which they have avoids we know why they have. because they are a catastrophe, he she is

terrible at it even with 60 minutes and cbs very fawning and favorable crew of reporters, asking her questions, that are really very basic questions. she fumbles through it. it is a disaster they have to clean it up, i think, i am start -- i look at campaigns and i look at what are they doing? and when a campaign is smells the way they smell, i smell death on them. they are getting desperate, trying stuff it is not working. larry: one -- i think one reason for trump's improvement poll is what you described the little one-on-one or having beer with goofball emcee's, nicest thing i can say. larry: and a se sex podcast? i was hoping you wouldn't remember. alex marlow a post off

axios. i'm not a regular reader, one of harris staffers noted a sense of impending doom hangs over the campaign in its final weeks. with a trump return now feeling inevitable. what to you think alex? >> i think that -- take axios with a grain of salt, they want a lot of people to get cock exe chy which check out, there are a lot of tight congressional races, i think a lot of swing districts will control -- if trump could govern if he wins there is a lot of media i say strategizing to motivate certain group ofs of people get others to sit on sideline, trump is taking opposite without, going to california and speaking in new york.

so, i would not pay too close attention to, that people have keep your eye on the prize. larry: we'll leave it there, thank you charlie hurt and alex marlow. coming up, why is it that democrats, they not only hate business but they hate any candidate like a senate candidate, or governor candidate or maybe presidential candidate, anyone associated with business, democrats automatically hate, we'll ask successful, man wisconsin senator candidate eric ho hore about that. ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes

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larry: joining us newerric hovde, state of wisconsin. welcome back. you know cnn did a hit job on our friend mccormack running for a friend in pennsylvania, you are down just one point against incumbent tammy baldwin tell us your strategy. >> i'm talking about issues. the economy, the border. housing crisis. housing unaffordability, healthcare system, obamacare made a mess. cost continues to rise, and access to care continues to go down. and by the way, they wiped out family doctor, i'm

staying on issues, that the -- in a tight race, i need everyone's help we have to save this country, yee if we have 4 more years of this we won't recognize the country, they will bankrupt our country. we need good sound economic policies, get our debt in line. and deregulate, welfare reform there is a lot to get done. from a business stand point, i appreciate everyone's help go to eric hovde.com, this race can become, take back control of president get president trump in here, wisconsin is the battle ground state. larry: y i don't think that someone in successful business should be a target, incumbent just has a pure biden harris voting record. i would say stick to your guns, sir, i would, stick to your gun, it will be okay.

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(fisher investments) 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. (other money manager) your clients really come first then, huh? fisher investments: yes. we make them a top priority, by getting to know their finances, family, health, lifestyle and more. (other money manager) wow, maybe we are different. (fisher investments) at fisher investments, we're clearly different. larry: that's it for kudlow, thanks for watching, folks. -(screaming) -(theme music playing) -♪ bad boys whatcha want, whatcha want ♪ ♪ whatcha gonna do ♪ when the sheriff john brown come for you? ♪ -stop! now! stop!