the fed is cutting. we know in about two weeks from tomorrow, i believe, we will start that november fed meeting. how does private credit do in a dropping rate environment? >> so private credit is designed to perform in a wide range of outcomes both in terms of economy and geopolitical risks which are very real right now, and also, interest rates. look we are a floating rate product. by design, we are to benefit people or protect people from movements in rates up and down. as you said, we're in the decline, but i don't know. time will tell. >> [closing bell ringing] liz: that is always the way that you can end a segment, great to have you. we really appreciate it. thank you very much. mark, that's going to do it for us. red on the screen today but it's a new day tomorrow. larry: hello folks welcome to kudlow i'm larry kudlow so with just 13 days left president

trump is on the offense. kamala harris back on defense. senator eric schmitt and congressman jim jordan will talk about it in a moment or two. first up president trump has broken the back of the traditional democratic coalition, and that's the subject of the rif. with 13 days to go until election day, there's one thing that has become very clear. donald trump has broken the back of the traditional democratic coalition. now, this may not be altogether new news but anyone casually following the race can see mr. trump has invaded the democratic turf for middle class working folk, unions, blacks, hispanics, young, catholics and jews. i see references among the liberal punditry that kamala has two weeks to pull everything back together again. don't believe it. two weeks, way too short a period of time. trump's breakup of the old

democratic coalition actually began many years ago, when he first ran for president, and it has ebbed and flowed since then. right now it looks like it's reaching high tide. no one knows who will carry the blue wall, for example, but mr. trump has never had better numbers in all those industrial states, pennsylvania, wisconsin, michigan. no one knows who will carry the sun belt. mr. trump has never had better numbers in north carolina or georgia, arizona, or nevada. this is because he has fractured the traditional democratic base. right now, kamala playing defense. mr. trump playing offense. he's encroaching. she's defending. it's a combination. the economy, it's the open border, and it's the culture. mr. trump beats biden by roughly 7:1 for median takehome pay. nearly 10:1 among hispanics,

10:1 among asians, 10:1 among whites, 2:1 among blacks. during the biden-harris term, inflation was three times what it was under mr. trump. illegal immigration during the biden-harris years increased 515% in the seven swing states, and regretably, a big jump in violent crime followed the explosion of illegal immigration, and the breakup of the democratic coalition not only economic or open borders, it has to do with the culture. that's right. traditional, middle class folks. no matter what color, do not like the radical woke culture mandated by the biden-harris administration. teamsters and uaw members are for trump because they believe he'll protect them from unfair global competition and from the crime wave coming from the open southern border but

they don't like biological men competing in women's sports. they don't like free gender surgeries for prisoners or gender operations for kids without parental approval. america's working class is offended by the biden-harris cancel culture just as they are depleted by the lack of economic progress or demoralized by the lack of economic opportunity, and they do not want their religion mocked or insulted ever. so we've got 13 days to go. we don't need the final vote. we don't know the final vote but we do know that donald trump has been redefining and remaking the republican party into its biggest tent ever, but the democratic coalition, under kamala, is so badly frayed, that it probably will never likely be the same again. and that's the rif. all right joining us now to chew

on this and a few other things we welcome back missouri senator eric schmitt and ohio congressman jim jordan, chair of the house judiciary committee. gentlemen thank you for coming on. we appreciate it. senator schmidt, you know, i don't know what the outcome is. nobody knows what the outcome is but my point about the coalition being frayed hopelessly frayed, broken up, trump is on offense, kamala is on defense. i mean, those are sort of political generalizations. what do you think of them, sir? >> yeah, i think that through the leadership of president trump, the republican party has become a multi-ethnic working class party. that's a good thing and helped disrupt the coalition that the democrats that put together over the years but more importantly, is providing hope and opportunity to more people in this country, right? they look at the problems at the border. they look at high inflation. we didn't have those problems under president trump. we do now. so president trump has the ability to run on a record, regardless of all of the scare

tactics and kamala harris is running away from her record, and so no matt r what they throw at this guy and thrown just about everything up against the wall here probably get a little ugly erin two weeks. when people go into the polling booth on election day or even right now in some states, they are going to ask themselves am i better off now than i was four years ago and i think that's why the change election cycle president trump is viewed as the change candidate and why he's doing so well in the polls. larry: actually it's interesting mr. trump is starting to go back to that language. are you better off now than you were four years ago. i think he just started saying optimistic yesterday or the day before. jim jordan welcome back, sir. it's always great to see you. i mean, you're in the industrial midwest, but the point is, i'm looking at all these union members, okay? we were at another show, another segment and a uaw member is saying how trump is going to carry 67% of the uaw. the teamsters may not have actually endorsed from the top but the reality is he wins big.

one area of the democratic coalition is very badly frayed, i think, is in unions. trump is going to win a huge volume of the union vote, indeed, trump might well carry the percentage, the plurality, the majority of the union vote. >> yeah, yeah. yeah, we're a new party under president trump. this has happened over the last eight or nine years we're a populous party rooted in conservative principle and that second part is really important. president trump made that change for our party and we're the party of common sense. the senator is exactly right. larry we're getting something we very seldom get in american politics. back to back administrations now running for the top job, and you can do the direct comparison. i say under president trump, we had a secure border, under biden-harris no border. under president trump we had safe streets under biden-harris record crime. $2 gas to $4 gas, stable prices, record inflation, so the people can see the direct comparison

and they remember with president trump and your economic policies at the white house, wages were up for union workers, non-union workers all workers and that's what's sinking in with people. we're now a populous party rooted in conservative principles, in the constitution, which frankly we always should have been. larry: you know, black and hispanic wages went up a lot under trump. they did not go up under biden. they barely went up under biden. poverty fell. poverty fell, senator. poverty fell significantly. those are things that i think have a lot to do. it's not about blacks may not like to vote for a woman, as obama said, suggesting massogeny. i don't think that has anything to do with it. i want to get to the culture but when you look at these economic statistics we just outlined a couple of them in the opening rif because it's too many to talk about, but the reality is unemployment went down.

poverty went down. take home pay went up. that's very powerful stuff. i don't care what your color is. if you're working those are the benchmarks, but the opportunities have not been there in the last three and a half almost four years. that's a big, that's a tell of this campaign it seems to me. that's the reason that the democratic coalition is falling apart i should think. >> yeah, and there's two realities on that point. the first is every week, when a family goes to a grocery store, whether it's mom or dad doing the shopping. they are hit with that sticker shock every single week, right? this is an ongoing crisis where it's harder and harder for families to make ends meet and it's not like the inflation is not some act of god. there's a formula for it. it turns out when you spend money you don't have and you declare a war on domestic energy production the price of everything goes way up. the other one, larry, that's true is the american people

understand there's a lot of problems with the 10-15 million people that have come here illegally. it's a national security issue, waves of crime, venezuelan gangs running apartment complexes, but also undermines the wages of working class individuals, right? they see it in their communities. they know the people are being paid under the table. they know they aren't paying in but collecting in some instances benefits of $130,000 a year in new york city, so people see it. they don't like it. democrats have embraced it as election strategy but it's not working for real people. larry: jim jordan on top of the economic stuff, you have the open border, we talked about it. you have the crime factor. okay? i don't care who you are. white, black, brown, it doesn't matter. you don't like crime. you don't want your kids going to school in a high crime area. a lot of this crime has become random. a lot of it is imported from venezuela and the south of the border. we all know that. crimes, you know, i'm not going to say it's a sleeper, but i

think crime is almost under rated. we always think of the election as the economy and the border, and okay, but going with that, is the crime factor and, you know, regardless of the abc news fact checkers or fact phony checkers the reality is the fbi numbers show that violent crime has gone up significantly, jim jordan. that's got to be a factor in the breakup of this democratic coalition. >> yeah. yeah, i think it is, and i think as senator schmidt talks so much about the immigration and border security issue as you mentioned those two issues are coming together because some of these migrants come, we had a hearing on this four weeks ago before we left town where we had moms come in and talk about a migrant who came into this country and did something terrible to their son or their daughter, and it was a powerful hearing so those two issues are coming together. americans rightly understand you need a commander-in-chief to secure the border. you need a government to protect you from crime on the street which we have seen increase over

the last several years with these liberal policies and these d. a.'s who won't prosecute the bad guys and go after them like they should so i do think that's a key issue and it's why president trump is ticking up in every single politic harrypoll particularly e are swing state, the country has common sense and they figured it out. larry: i think that the culture is playing a role and there's a couple of very important parts to that. a lot of religious people, christians, catholics, others have been mocked and insulted by kamala harris, by the governor of michigan, gretchen whitmer and what she pulled with using a dorito instead of a wafer for holy communion, not showing up at the al smith dinner here in new york, saying to the person that screamed out jesus at one of the rallies he was talking about jesus she said

you're at the wrong rally. that stuff takes a toll and i also think that a lot of traditional middle class families, be they unions or whomever they be hispanics or whomever, guess what? they don't think that biological males should play in women's basketball or women's sports, you know? i think these cultural issues are creeping under the door and they're rearing their heads and as part of the breakup of the democratic coalition. >> well if you want to understand why states like missouri and ohio from being blue or purple, i think these cultural issues have a lot to do with that. i'm catholic. there's a large percentage of catholics in michigan but gretchen whitmer had no problem making fun and ridiculing a holy sacrament. and this by the way is on the heels of barack obama claiming that people in fly-over country cling to guns and religion. there's just such a disdain for people who have faith and

that creeps into the psyche of voters. they just don't trust the democrats they are going to treat them fairly and when you have a justice department that's been fully weaponized against people they don't like, because of their political views or their religious views especially catholics, they are just losing people and so you add that on top of all of these things, it's why the democrats are really desperate here the last two weeks. larry: so you add it up, jim jordan. i mean, again, the polls are not votes i get all that. we've got 13 days ago i get all that but it is undeniable. trump is on offense. kamala is on defense. trump is encroached into the traditional democratic coalition. i mean he started this years ago. i think he's moving towards high tide and i think i'm going to say something kind of goofy but he's having more fun than she is. we've been talking about that. he likes serving up french fries from mcdonald's. he's having a lot more fun. i don't think kamala is having any darn fun at all. i feel for her and her pain on the campaign trail. she doesn't look like a happy

camper. >> yeah, it's definitely he's having more fun. that thing at mcdonald's was unbelievable. i talked to him yesterday about it. it was one of the largest-viewed things googled things ever and that's just president trump and we've all been around him. that's his personality. he engages with people. there's just this way about him that everyone when you're around him you'd like and i wish everyone could spend time with him but he's having fun. i think he knows he's going to win. you can feel it. i think j.d. vance said this in the debate. he will take the common sense of the american people over the experts every time. the common sense of the american people says we like the guy who secured our border, gave us less crime, gave us increasing wages. we like that guy who kept us at stable prices, that guy who projected strength as commander-in-chief. we want that guy back in the oval office and he understands it and it's all starting to come forward so 13 more days, let's just keep working hard. i learned a long time ago hard

work doesn't guarantee success, but it sure improves your chances. so let's work hard for the next 13 days and win. larry: i've got one more for you. i'm going to pitch it to senator shmitt. i heard both of you were up in arms t that lina khan was out there campaigning. why are you complaining? i think having lina khan is a tremendous plus for the trump ticket and the republican party. she's a one-man wrecking crew. she wants to basically, she's a menace to american business. she's like the liz cheney of the ftc. listen to this. under lina khan, i'm sorry i don't know her first name, under her, federal trade commission and the justice department, 43% of the s&p 500 market cap almost

half of the stock market cap is now under federal trade commission and justice department anti-trust investigation. i mean, listen to this. it's a who's who of business. bank of america, nvidia, amazon, meta, google, tesla, jpmorgan, mastercard, visa, coca cola, adobe. i mean, come on. she's a weapon. she's a menace. unleash her and put her out there, man. she will turn off every person whose got a job in business, anywhere in america. you're going after the wrong person. >> you might be right, larry. it does feel like the more they put their people out there, whether it's tim walz or kamala harris, whose not only kind of like this loop, people don't know her and they push her out there and the more she talks the more people don't like her so you might be on to something and a follow-up on something jim said. i think the most important currency you can have in politics is authenticity.

you can't fake it. people see a phony and that's her biggest issue. president trump actually likes mcdonald's. i was with him in butler, pennsylvania. we had mcdonald's on the plane afterward so this is part, you know, him doing that was real and people can identify with that. when she goes out there and lies about her positions and just seems so fake and so phony, the american people are seeing it and i think that's also something that's playing into the numbers. larry: she was, kamala was on one of the liberal shows today talking about the need for more amnesty as far as the open border goes so she's playing her cards wrong anyway but we'vet o. vegood luck on the campaign tra. coming up here on kudlow, bonds, bond rates are way up and stock markets have been falling now day after day. it's because the fed made an enormous mistake, juicing up the economy to try to reelect

kamala and now they look even worse than ever. so, we'll have a conversation with that with john carney of breitbart and scott bessent. leave lina khan out there. she's a menace and go ahead. she's against all business. nobody wants her. don't take her. i'm kudlow, let's have some fun here. searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve.

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larry: all right, so, bond rates are soaring and stocks now falling, our own lydia hu maybe has some of the information. what's cooking over there? reporter: larry, we are watching the investors adjust their expectations on possibly higher rates for longer which is not what they were expecting after we got that jumbo rate cut just last month, but we're seeing today, the markets are in fact on edge and we're seeing that yield in the 10-year take a big jump. let's take a look. big tech is leading the pullback today. you can see here the dow down by 409 points nasdaq pulling back by 296, and the s&p is down here by 53. we're seeing some strong economic data coming in since september. the most recent jobs report i'm sure you recall showed more jobs added than what was expected, and inflation mostly cooling although i will note we saw

an acceleration in core inflation but this economic picture of generally growth without sky-high inflation, that's forcing investors to now lower their expectations for a post-election cut after we got that jumbo cut just last month. some now even questioning whether that first rate cut was appropriate and we're also slamming the door shut on another jumbo 50 basis point cut now. fed funds futures pricing in a 91% chance for a quarter point cut now coming up next, 9% chance for no rate cut at all. all of this as you mentioned, larry, is forcing a repricing in the bond market. this means investors preparing for higher rates for longer. the yield on the 10-year jumping to the highest levels we've seen since the summer you can see here the 10-year sitting at 4.244, just for some perspective here we're at 3.7 back on october 1. the two-year coming in here at 4.089. all of this means higher

borrowing costs for you at home, costs for things like your mortgages. meanwhile let's just check out quickly djt stock today. it's really interesting because this of course is the owner of truth social. it's seen as a barometer of how the market feels about donald trump's electability. it's up higher by 4.4% but larry in the past month higher by 188%. larry: [laughter] reporter: quite notable. larry: [laughter] hot times, lydia hu, hot times in river city. thanks very much for that run-down. joining us john carney economic senator for breitbart and scott bessent, senior economic advisor to former president trump. gentlemen, welcome. john carney, this is the fed, okay? come on. this is a revolt of the bond vigilantes.

the 10-year gone up almost 75 basis points since the fed had the jumbo rate cutoff 50 basis points. now bond rates are pulling stocks down. the fed looks like a damn fool, i'm sorry they do. >> they repealed the fed's rate cut. and they said the market is saying to the fed, you did the wrong thing, and this isn't going to go away, larry. right now they do think they are going to cut in november, but that december cut is going to come out of the market very soon because people will see the numbers still coming in. larry: if they cut the rate in november, i know you want to be a little more statesman-like about that, but the fact remains if the fed cuts again in november there's no reason bond rates won't go up more. they are feeding into inflationary expectations. we do not have a collapsing economy, still stubborn inflation at a slower pace, the level of prices is still 20% above where it was 3.5 years ago. i mean, the fed should

acknowledge that and if mr. trump wins jay powell should resign. that's my view. >> ha larry, if somehow the nt move is a hike, jay powell resign. larry: a rate hike, yes. >> and i can't tell you, i think my most successful strategy this , they have this soc so called dot plot whee they come out and signal what the path of rates is going to be, rate cuts will be and its been wrong every time, so beginning of the year, at one point, maybe well last november's pricing in five cuts and then beginning of the year three, then they got a little religion and in june it was one, and then things weakened over the summer so they came back and this time it's three but this jumbo rate cut i said it the day it happened, completely inappropriate and jay powell, there's a study that shows people who have fallen keep

looking down at their feet, which makes them fall more. so jay powell keeps looking at his feet. he let the great inflation happen, now he's terrified there's going to be a recession and what happens if we get this inflation bike we did in the 60s because this is just how it happened. larry: scott is right. the economic estimates by the federal reserve are completely wrong. a couple things i want to chew on but this fed thing is such a bad story and it's starting to hit into the stock market. he was overly exuberantly doveish going all the way back to the fed jackson hole meeting in august. i think that was the first surprise and then the september jumbo rate cutoff 50 basis points but the rhetoric even in september. you kind of smell the rat way back in august. whatever, you know, we think the fed knows more than we do. i don't think the fed necessarily knows more than we do and arguably with their poor models they know less.

>> mary daily just said to the "wall street journal" yesterday she saw no new information that would mean that the fed should slow down cuts. larry: really? the same? >> the san francisco fed head said no new information that means they shouldn't keep cutting. that goes to what you're saying. they are just blind if that's the truth. everybody else in the market sees obviously this was a mistake, that obviously, they need to slowdown the cuts at the very least and the next move could well be up, and i agree with you guys. if it's up, powell has got to go. larry: it's an interesting point. >> up and out is what i'd say. larry: scott, you've written a good op-ed piece for the economist. the world trading system is broken, and now we won't solve all that today, but the world trading system is broken, as you point out, and the hopes on the economic and national security front have certainly not been realized particularly in the era of china.

what do you make of that, and i know we're not going to solve it all toed but you have a couple thoughts for us a we can chew on? >> yeah, larry, free trade has become unfair trade, and more and more, working class whether it's americans, europeans, even south americans are rebelling against free-trade and the doors going to get slammed shut if we don't fix this system. and medicine or biology, what's the worst condition? it's a mutation, and right now, we've got a mutation of the system that is not working. china is the most imbalanced country in the history of the world, and they are exporting their industrial policy, their economics to us, and you know, donald trump has a solution and it's reciprocal tariffs. you, the great art laffer was the one who told me donald trump is a free-trader at the end of the day and it's a strategy escalate to deescalate.

larry: i say to people, reciprocity is the new free-trade, but you can't have, you point this out in your article. you can't have, if the united states is running essentially a free market economy, probably less so now than four years ago, but putting that aside, we are relatively speaking, a free market economy and only about 2%-plus. china's not a free market economy. india is not and they have tariff rates that are three, four, and five times the size of ours, so therefore, traditional free-trade economic literature doesn't work because you don't have any equivalents between the trading countries. >> you're exactly right and look, we're even having problems with working within the us. california is really upset with what's going on in the red states, texas, florida, everyone's moving there. industry is taken off. the red state economies are great. new york, california, people are leaving, so imagine trying to

impose some kind of similarity or use the correct term equivalents versus china. even our european trading partners, germans have a lower propensity to consume. our allies in japan, they seem to like a weak yen which sets up an up fair trading environment. larry: but it's an important point we'll have you back as we always do, and deal with this. i know you're in basic agreement with this point of view, but we're running out of time. anyway john carney, scott bessent, thank you ever so much. coming up, folks, coming up can elon musk and his little small government free market message flip pennsylvania for trump? actually flip a bunch of states for trump? actually flip trump right know the white house? we've got liz peek, caroline downey and jackie deangelis, up next on kudlow.me thanks, appreciate it.ri ther max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out

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>> and so i've actually seen just the level of ways that happens and if you talk to people in the government they actually agree this is very wasteful and inefficient so i'm like well why don't we do something about it but really in order to do something about it it has to be a mandate from the top because the system will fight you. the system isn't like oh, yeah, we're totally happy being smaller. so but you have to have that mandate from the president, and we need a real president, not a puppet. you know? >> [applause] larry: boy is he getting good at that. anyway joining us liz peek, fox news contributor, caroline downey staff writer at the national review and our very own jackie deangelis, co-host of the big money show here on fox business. ladies thank you ever so much. liz peek, you know, he's become so articulate. he's having a lot of practice everyday. his messaging about deregulation and shrinking government is very important, i think. it adds credence to president

trump, but he's becoming a political force of his own. it's interesting. i'm reading various columnists and reporters say he may be the deciding signal to carry trump and maybe david mccormick in pennsylvania. >> let us all try to imagine a more popular message than we want to shrink the federal government. i can't come up with one, and by the way, who could do it better than elon musk? everything that man has tried to do he's accomplished so this isn't somebody coming on saying we have to reform this or that. this is a big picture. he operates in big pictures. i think we've talked about this. this is the most exciting thing that's come out of this campaign. i really want this to happen and trump to get in there and get elon musk involved. larry: he'll be involved. i think it could bear fruit for the american people. that's the point. larry: we had howard ludnik on this show the other night, one of the co-heads of

the transition talking to elon musk about shrinking government and cutting spending and getting rid of unnecessary regulations. i mean, caroline, i know these are complicated times and complicated campaigns and whatnot, but he's standing out. elon musk has become almost a greater than life, if you will, larger than life character who i think has moved from an eccentric, i mean he's a billionaire, the smartest guy on the planet to an actual political force is what i'm trying to get at. >> democrats always had this advantage with celebrity capital, these hollywood figures, for all in the bag and it was an infrastructure when you think about it. weaner had anybody, even the billionaires were on the democrat side. elon musk is the richest man in the world and he supports donald trump. think about what kind of weight that carries in this race and i'll add there's been is skeptics on the right about the tulsi gabbard, and the elon musk joining our camp and i would say this.

he's actually advocating for fiscal responsibility. to cut the size of government, i thought, you know, fiscal responsibility was dead. apparently not to elon musk. and so old school republicans maybe find this attractive. larry: giving a lot of credence to president trump on that very subject, credence some people think he lacks. jackie, i just want to continue our conversation from your great show we had earlier today that democratic coalition is fraying, trump is busting right through it. he's playing offense. they are playing defense. i'm reading now, i saw a column in the "wall street journal" today. kamala has to do it in the last two weeks. she doesn't do anything in the last two weeks. lucky to survive the last two weeks. i don't know whose going to win but i'm saying politics never going to be the same. trump has just in sided the democratic party and broke the coalition. jackie: i agree he's played this beautifully from step one. i think that might have even been a surprise for him they were going to take biden out and

put dam cam in but he thought about his own path and didn't get distracted. he laid out of all policies and he goes on with joe rogan. these are free ways of drumming up publicity and showing a different side of him because in 2020 it was a referendum on character and they didn't love him but they are seeing something completely different and they have such distaste in their mouth for what's happened the last four years that people are ready for it and open for it so he's using this last stretch. when i studied for the bar exam the last two days my teacher said study study study and then go watch a movie and that's what he's doing just talking to people, getting out there. i think it was, i don't know either i don't have a crystal because but it was really brilliantly planned. larry: did you say that because kamala couldn't pass the bar exam? >> um, no. >> [laughter] larry: just trying to clarify is all. liz peek, you're writing on fox business, we always talk about

the economy but the immigration, open borders and the crime that goes with it is a huge factor in breaking through this whole democratic coalition. >> it's his best pitch. it has to do with the economy, crime, and problems in big city, little towns, everybody is angry about the open border, including hispanics. how the democrats didn't see this coming i'll never understand but this is the unifying message of this campaign, so and by the way, no one is even thinking about four more years of kamala harris? we'll have four more years of an open border, tens of millions more people coming in larry? no one is even talking about that. what's to prevent her from doing it again. larry: she was talking amnesty on one of the liberal shows today. and i asked her about it. we have to be humane which means we have to let them all in which means it was the premise of their very first bill she talked about with bret baier. that was an amnesty bill and citizenship bill for 10 or

15 million illegals. >> totally right all about illegal citizenship, almost nothing in that first bill about securing the border. larry: and caroline i want to go back, also, economy immigration, culture, religion. the democrats are making all the wrong moves. the democratic base was a catholic base. it was a christian base. it was a traditional middle class family oriented base. it was not about trans men and women sports. it was not about mocking the eucharist and this is killing them too. everything they do has been killing them. >> larry i'm sure you've seen that viral ad trending all over social media. larry: yes. >> i'm for you. that's donald trump's message, and i don't want us to think that this culture war message is a diversion from trump's iron clad issues, immigration and the economy, because really what

it is a convergence of all of them. codeling criminals is what she wants to do by accommodating them with these sex change surgeries. she wants open borders. okay, that's why there's illegal aliens she's also offering these procedures to, and the majority of americans reject gender ideology generally but especially transgender identifying men in women's locker rooms, sports and prisons. it's just too radical for most americans, and that's unfortunate, because trump is hammering them. larry: a lot of it off the taxpayer and excluding parents from the decision. i mean, i think it's remarkable. you couldn't think of anything worse to throw into a campaign. liz peek, caroline downey, jackie deangelis, thanks so much. remember folks catch jackie along with brian brenberg, taylor riggs on "the big money show" weekdays everyday 1:00 p.m. eastern on fabulous fox business. meanwhile coming up here on kudlow, i love this story.

the liberals at goldman sachs are running as far from kamala as they can. they are running in the hills. they are taking bicycles, taking high speed cars, they can't get away from her fast enough we'll talk about it with the great charlie gasparino right here when kudlow returns. t 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! when a tough cough finds you on the go, a syrup would be... silly! woo! hey! try new robitussin soft chews. packed with the power of robitussin... in every bite. easy to take cough relief, anywhere.

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larry: all right, goldman sachs economics department and the rest of the company, i'm sorry, they are my favorite wall street liberals, not really my favorite but they are running away from kamala harris as fast as they can. they are running for the hills, just as fast as their motorbikes and their bentleys and their rolls royces and bicycles can go and here to chronicle this story is none other than fox news senior correspondent charlie gasparino, my very good friend author of "go woke go broke." charlie: these guys are really really woke so i bet david solemon takes a bike to work. larry: i know david solemon. we were both partners at bear stearns a very long time ago, but you know? it's a pretty wokey firm. the economics department is ultra-ultra liberal. but it is interesting. it was out there, they made a

forecast and it did slightly show that they thought kamala had a better economic plan than trump so she ran with it and they didn't say anything. charlie, for some reason, unbeknownst to me, in the last week or 10 days or two weeks, they had renounced it. they said no we didn't mean that economic report. that's why i say the liberals on wall street are running for hills because trump is winning and he has the momentum and they are scared to death about it. charlie: i don't want to say trump is winning. he clearly has the momentum. here is what i would say and it is indicative of the bank. they actually had a debate in my book i write about this about chick-fil-a. it's racist to eat or not racist, it was gender bias because the guy who ran chick-fil-a was a christian. it's ridiculous stuff in that firm. jamie dimon's doing the same thing. larry: jamie dimon? charlie: couple weeks ago i reported that jamie dimon is telling people he's leaning towards harris times comes out, follows it and

i come out and say well, you know, we had it first and i get an e-mail from someone very close to jamie dimon. charlie just want you to know, jamie dimon isn't joining any administration. now why would he say that now? larry: in the past three or four days? charlie: no the past day. larry: oh, is this another guy who sees the handwriting on the wall? charlie: yes, they know donald trump, they are all seeing it, donald trump won't forget if you go out there especially in the sort of home stretch, and he wins, he's your regulator. remember banks are highly regulated. larry: we don't know that mr. trump is going to win but we know it's close. we know that trump closed the gap in the polls and we may not love the polls but i'm just saying. they are looking at these, and they are hedging their bets. all of a sudden, goldman sachs liberals running for the hills. jamie dimon running for the hills. i know jamie he's a very nice man. charlie: taking their bikes. they are using city bikes. larry: the ones you rent. i thought they were taking their

bentleys it's goldman sachs for heaven sakes. charlie: or teslas. larry: what happened to bill gates. he just gave 50 million bucks to kamala. he missed it. charlie: the whole woke ceo crew is just bizarre. i will say this. if they think they are going to be woke, if trump gets elected, they have another thing coming. this is news, i've been talking a lot of people in the trump orbit. they are going to try to dismantle from the sec, from the justice department, from the cftc, from the ftc. the entire woke corporate apparatus that exists on wall street and corporate america, they are going to try to go after it. they are committed to going after it. so watch out, bill gates. watch out, david solemon and jamie, i love you, but stop giving to the human rights campaign. larry: what's that sound i hear? those motorbikes are running for the hills. charlie: that's right. larry: to getaway from kamala harris. charlie gasparino the best in the best. i just love it. go woke go broke. i'm kudlow, we'll be right back

with my last word.

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larry: so yes, mr. trump is breaking through and all these wall street liberals are running for cover away from kamala, but the biggest one of all, jay powell, and his ultra 50 basis point never should have done it. it was a gigantic mistake and now there's a sell-off in stocks and bonds and the biggest hero of all is always elizabeth macdonald. liz: thank you, larry. i just learned more about the markets in you