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tv   Kudlow  FOX Business  October 28, 2024 4:00pm-5:00pm EDT

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there's a double barrel benefit that should push them in their future. taylor: only 30 seconds left with a big question. we're coming on the election. can markets rally regardless of who's in the office? >> yes. taylor: okay. >> the middle part and ten year. i say it's 30 seconds and i get two questions in. that's how quick you are with your answers. dan, thank you so much. appreciate it. >> good to be with you. taylor: hearing the closing bells again. a bit higher pretty much on all of the indexes and not quite as records and trying to get closer. that's the claman countdown and kudlow is next. larry: hello, folks, welcome to
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kudlow. i'm larry kudlow. so president trump electrifying strong closing message to the nation last night at madison area garden. senator kevin cramer and john carney of bright bart and all waiting in the wicks and very special madison alworth here with the highlights of last night and it was a big night. >> it was a big night. really electrifying performance. there was a massive turnout with 20,000 inside and thousands more outside watching the seventh filled with policy points and also some surprises. dr. phil spoke and endorsed the ticket and also introducing jd
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vance and elon musk, that's become one of the loudest supporters of the former president spoke as well. and melania introduced her husband in a rare campaign stop appearance. the former president had a clear message for the crowd. >> i'd like to begin by asking a very simple question: are you better off now than you were four years ago? this will be america's new golden age it's going to happen quickly. >> and delivered a closing arguments. >> issue after issue, kamala broke it and i'll fix it. we're going to fix it.
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>> he vowed to launch the largest deportation in history first day of his presidency. >> if you want to seal the border, vote trump. if you want to restore law and ordainer this country, vote trump. if you want to grow the economy in this country, vote trump. if you want to revive national pride in this country, vote trump. donald trump is actually the president who will unit this country actually. we don't talk about that enough. >> but critics disagree with that last point saying that some of the language that came from speakers was hateful and divisive. but you called hear the crowd there, larry, they absolutely loved it. larry: well, look, there were some outliers very early in the afternoon. i agree with that some crazy stuff but the meat and potatoes was really mr. trump. vivek was fantastic and anyway,
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madison alworth, thank you ever so much. let's continue this. kamala broke it and trump will fix it. that's the subject of the riff. so, electricity was high at the rally and more than good vibes, there was very important messages and i want to make it as clear as i can. in one sentence, it was a reprises in milwaukee and it was a closing statement by mr. trump and his team and that statement was undoubtedly viewed nationwide by tens and tens of millions of people. even though madison square garden in new york city and all the major sell vision stations, medias and rest around the world cover this thing.
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no one wants to chance it that you might have another four years. mr. trump's fire records shows he can fix it and build on the successes.
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the radicalized democratic party is not the party anymore and and john kennedy and look at bob kennedy jr.. >> it's not the party anymore of martin luther king and robert kennedy and john kennedy. these are the people that are >> don't you think we deserve a president in this country who will restore the moral authority
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of america. larry: both robert kennedy jr. and vivek ramaswamy talking about what matters in this election was not about the color of your skin and content of your character and outlook for economic opportunity. lick rale left is depending on identity politics and where's the rest of the country moved on and given it up. instead they want results. this was a key theme of the entire trump-appointed campaign for several years. you heard a lot of it last night and working class coalition. then there's the new political rock star elon musk talking about cutting $2 trillion out of the federal budget with his new doje -- doge, department of government efficiency and flirting with the tax and no bearing on the presidential race
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and completely ineffective and mr. trump on the other hand, shows an incredibly diverse group of supporters and more closely approximating the makeup of today's america and the voters are asking to support him. that speaks to mr. trump's varverygood judgment and take at guy to not be afraid to surround himself with very smart people. that's the riff. all right, chew on this some more. we welcome back to the show, our good friend texas senator ted cruz and his own race down there in texas, senator cruz, i just want to talk one second, you know, just this last point, maybe it's obvious, maybe it's not. you know, a lot of smart people with mr. trump on stage speaking
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with him. a lot of smart people in the crowd for that matter too. you know, it kind of goes back to abe lincoln's diverse category and smart fella to have very smart people around him or her and that's what you have with mr. trump and i think that's almost an underrated thing with this new coalition and all these democrats coming over. what do you think? have you thought about that? what do you say to it? >> coming behind donald trump and coming behind republicans and we're seeing the most important socioeconomic realignment and historically republicans are viewed as party of the rich and democrats were viewed as party of the poor and working class. i don't know that was ever true, but most definitely not true today.
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they're moving right in record numbers and more young people. young people are realizing wait a second, they got sold a bill of goods in this economy and this inflation and this crime and going to school with is not what they had four years ago and looking forward to and i think that's a really powerful thing, the breath. it is a factor of a couple of things and number one, donald trump, you and i both know him very well. it's a unique individual and it's a individual that inspire as lot of people from a lot of different walks of life and number two, the democrats between biden and kamala chase people away and they're approach is submit, you'll obey and follow orders or we'll beat you down. you know, you want to have a sad
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moment of how extreme the democratic party is and last friday donald trump was in texas and i was with him and big rally with illegal immigrations and finding the families of those that lost loved ones with violent criminal illegal aliens and the same day kamala harris is in houston and texas. with beyonce and willy nelson and angry screaming young woman and kamala harris supporter and the 2-year-old toddler and going for them and bodies today where the democrat party is and the anger, hate, and blood alcohol rantz and i don't know -- intolerance and i've never seen a adult scream at a child somebody else's child the way she did and that's the poison sadly that the left is selling. larry: it's like the old democratic sense and reagan started this 40 years ago and
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it's ebbed and flowed since mr. trump was first elected and it seems to be almost at its peak maybe it's peaking and it's like senator cruz. you know, it's the identity ethnic politics is not enough. people want results, and they didn't get results in the last four years. and i don't know whether you're seeing this in texas, in the presidential race, trump has a big lead and i'm told, you've got a pretty fair lead yourself down there, but i'm saying it's not enough to be a certain ethnic or identity group. they want results. and the democrats haven't given them results, and that thing came out yesterday at madison square garden too. >> absolutely people want results and the results have been failure and crime and rampant inflation and economy and wars all over the world and
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it's a mess and a train wreck and i'll say, it's a political battle and i want to caution republicans and don't get overconfident and we could still lose this. don't take this for granted and the swing states are all within a couple of points and my race in texas is a very, very real race. chuck schumer has been expiries it i'm his number one target in the country -- explicit and democrats are spending $100 millions to beat me and schummer and soros flooding cash in the state of texas and a poll coming out showing it a one point race and just today we had a poll in my senate race come out showing it tied, absolute tie and i'll say to your viewers, i need your help. i want to ask you to go to tedcruz.org and go and contribute $25, $50, $100. we need the help. we're literally getting pummeled by tens and hundreds of millions
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of dollars of attack ads and they're all designed to be deceptive. kamala harris and my left wing opponent, colin alred are both left wing open border supporters and voted 100% with kamala harris and he's running tv ads trying to cover up his record, trying to pretend suddenly he supports a border wall, which is what kamala is doing too. it's dishonest and dangerous and it's why you're viros go in right now to ted cruz.org and tedcruz.org and it's going to be at the stage and if we get our message out to texans, we're going to win. if we're not heard, there's a very real risk we lose. larry: what's the biggest issue? in your race, in your race, senator, is @ border, the failures of the administration, kamala herself and what's the
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single biggest issue? 30 seconds left? >> the number one is the open boarder and engaging families and children and we're being invaded 11.5 million illegal immigrants and venezuela gangs breaking into a woman's home in dallas and pistol whipping her and tieing her up and in houston, texas, kidnapping, rape and murdering jocelyn nungaray, a beautiful 12-year-old girl and this is kamala harris and colin alred's open boarder and we're at real risk but as you said, when trump is president again, when we're back, we'll fix it and we did it before and do it again. larry: i think s. she broke it, he'll fix it. she's got a track record and you've got one too, senator, good luck on the campaign trail. appreciate it as always. coming up on kudlow, elon musk wants to cut $2 trillion. $2 trillion from the budget from
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his new doge, department of government efficiency. it has a venetian sound and we'll talk about john carney and david malpas e. i voted early. not telling you where, but i voted early today. i'm kudlow, be right back. ♪(voya)♪ there are some things that work better together. like your workplace benefits
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. >> how much do you think we can rip out of this wasted $6.5 trillion harris biden budget? >> well, i think we're going to get at least $2 trillion. we're going to get the government off your back and out of your pocketbook. america is not going to just be great, america is going to reach heights it's never seen before.
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the future is going to be am amazing! larry: elon musk is pretty darn amazing himself. that was howard lutnick feeding him the line and elon took off with it. doge, d-o-g-e, that's the new word. it's the doge palace in venice if my memory serves me and i visited there once or twice upon a time. department of government efficiency. joining us is john carney, economic senator and bright bart news and bright bart business digest and former president of the world bank and former secretary of the treasury. welcome. one thing that annoys me is that elon musk is -- i've talked to howard lutnick about it and he and elon talk constantly back and forth about it. they're going to go for it. one way or another and whoever has whatever job in the trump
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administration. the thing is you have a front story, a lead story in wall street journal today. once again this time nick timeraos that's a fed watcher and knows nothing about policy. never once does any of the prostates that i talk about cutting spending and selling assets we've wanted to do for many years and uncle sam owns far too many assets and how that'll have along with tax cuts and deregulation and energy and how dices inflationary and impact and a supply side growth. never, tim reyes writes 3,000 words and never mentions it and it's not just from the garden rally last night. musk has been saying this now for many weeks and you'd think timeraus and the journal would go to somebody on the trump
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side, one person, and go and talk about what elon musk wants to do. if you think i'm annoyed at that, i am. i really am. it's worst kind of phony garage journalist and they put two people that work for trump who have become a positive gain at a time and don't like the guy and come out against him. look. >> elon musk, i've seen the guy land a rocket back on the path it took off from. if anybody can cut $2 trillion out of the budget, elon musk can. i kind of like that people are saying no, it's impossible because that's what elon does is the impossible. larry: it came down and he docked it and got it in. it's the darnedest thing i've ever seen and look at assets belowsed and say we'll do two trillion. >> won't listen when people say we kent cut that. he's not going to -- he's going to literally start where we needed to a long tile ago, which is basically zero budgeted. see where we need -- what we need to build up from rather
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than just assuming you have to spend everything you spend time on. larry: lower marginal tax rates and deregulation and suddenly inflationary and wait a minute, let me get this right and producing more energy with lower cost and suddenly imfellation natural rights approach and what kind of crap is that? the worst kind of journalism and i think the public writing an article and talking about growth in the economy and energy production and talk about all of the parts of the government that have excess spending and it has been used for decades and one thing that's important is going
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for the cut that's really often going for reduction in spending and harris in the biden harris budget and going for them and having $4 trillion by 2034 and that's the cbo and going from $6.5 up to $3.10 trillion in 2034 and lots and lots of excess in that. lauren: look, washington is not going to be mad but the rest of the country angry and you could mention something else. obligated, authorized but unspent. there's a lot of money throughout the budget they've
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had so much of these gigantic bills. larry: they had the chips bill and people think of chips as $50 billion going to intel among a bunch of other places and those moneys have not been spent. by the way, dei requirements alone could be completely cut back and that's the point. other thing is the inflation reduction act and that money is largely obligated to the number spent now and going to think wall street journal reporter is a great newspaper and some of the reporters are pretty well and going after those kinds of details to inform the viewer. >> trump policies were going to be inflationary and they said that in 2016 and had very low inflation throughout the trump presidency and they never warned
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about biden inflation when it hit the roof. why would anybody listen to them and saying about the money it's really important and anybody that picks up a local newspaper can see that they're actually racing to racing to spend money to take advantage of the subsidies and we're spending money that nobody can think they see the waste in their hometown. >> just between now and -- larry: a goofy paper. even the ones that refuse to endorse kamala could see it. okay. the red star tribune of minneapolis. that's my favorite. tim walz hometown paper. >> end of the year. how much they could save because of the making. they're wildly trying to spin and push it out the door right now. larry: if mr. trump deporting
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illegal immigrants, it's going to jack up inflation and deregulation. 60% want deportation. >> 80. larry: 80%, have it your way. but, let me get this, sometimes you have to have a lavatory experiment and take the last few years. okay, pick a number. 10, 12 million illegals came across and 15 million coming across and what did inflation do. take it down. larry: it you cut back on immigration, that's inflationary. wait a minute, we had huge inflation plus 20%, 6% of the annual rate and 9% at the peak and we just let in whatever, 15 million illegals. don't -- just -- let's just have a simple laboratory. here's what happened. okay, now timeraus doesn't bother walking through those numbers as well. most people are housing and
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food. guess what happens when you bring in extra 10 million people into the states. you have a huge debate for housing and huge demand for food. we can't -- the american crop output doesn't just grow instantly because you brought in 10 million people. kamala said building 3 million more houses and her immigration plans people going to provide no e are leaf at all. larry: david malpass, i don't want you left out and trump wants easy money and that's going to cause inflation. now, trump said, and he said it several times, he said in this campaign, i'd like to weigh in, but i'm not going to dictate or mandate. how is that -- and he's also said he wants to keep the dollars and world's reserve currency. 30 second, david malpass. how come they didn't put that in either. >> they dodge that had point and reality is better policies and we could have lower rates at short end of the curve.
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it's fine to say we want lower rates and get there through growth and that's what reagan, think what happens to you -- your opening was about reagan and started with what was called tight money but he ended up with rates coming way down. larry: laffer said it best, if you had two apples and $10 and increase the supply of apples, what happens to the price of apps? why is it so hard to figure out. >> disinflationary. >> the dollar is going up if trump is elected because it will create more demand for dollar. larry: probably will.
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we'll be more hospitable for investment and money all over. >> everybody around the world. larry: john and larry, thank you very much. president trump's powerful election statement and heard nationwide and it was heard around the world and not "the wall street journal" nick. we have more onset when kudlow returns. i it would you, i voted early today. i'm so pleased with myself. auto quote onlin e so you can get back to your monster to-do list. super helpful. see if you can save money at progressivecommercial.com. thank you. advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours.
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>> a voted for kamala harris is a vote for dick cheyney and a vote for war, more war, likely world war iii and nuclear war. a vote for donald trump is a vote for a man that wants to end wars and not start them. a vote for kamala harris is a vote for economic hardship, high cost of living, poverty, and
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homelessness and a vote for donald trump is a vote for economic prosperity and opportunity for every single one of us as americans. larry: all right, very powerful stuff. joining us now is tatie pavlich, editor of town hall.com and fox news contributor, caroline downey staff writer at american review and deputy strategies teen eric come director, ladies, thank you for coming and you all were there and we can get your eyewitness. katie, i thought one of the -- this was a national speech because it was televised in i seen by everyone. you had democrats, republicans, you had progressives and elon musk was a big progressive not so long ago. you see where he's come in this election. you had mr. trump talking about how kamala coming on.
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>> we had melania come on stage and introducing president trump and it was a closing argument and bringing people together and the theme of the night was unifying the country and looking around the arena and that's what you saw and most importantly you saw a bunch of people, thousands of them inside and outside including people that waited in line for hours and couldn't get in and it was too long and they went to area bars and demanded that the rally be shown on the tv, even though there was football on and having so much fun. it was a joyful good time and music and art being done on the stage and there were great hot dogs at madison square gardens.
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>> she herself had a rally in mad san square garden and -- madison square garden and used by everybody and the knicks and rangers and trying to make this into a event. >> reason is the madison square garden and going for president trump and this is a city and these are his people and as katie said, you look ashed the arena and there were people from all walks of life. so of course the first thing the media is going to do is try to tell you that this is some crazy white supremacy event and just takes your own eyes for two seconds to see that the diversity both on and off the stage is what truly represents this country and that's what president trump's campaign is doing since the very beginning, i'll also think the enthusiasm is the all time high and what we
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saw last night in new york city at madison square guard den was even better. larry: caroline, what the ladies were saying and i've got a little list and the list goes the bronx rally, bronx rally and al smith dinner and barbershops and extra salt on mcdonalds fries and now madison square garden. synergy home this is a hand of fun. larry: my point is these are brilliant campaign stops and well executed with a candidate who is well executed and had fun doing it as you say. kamala has nothing near this to match it and nothing even remotely close to it.
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>> kamala harris could not have galvanized the demographic and going for them and it's the rally and orthodoxed jews and men and women going for them on the third rank and this is the worst gnat seizure disorders rally i've seen because of the diversity there was and for instance i actually brought three russian american jews from brooklyn including his friends mother and it was the 50th anniversary to the day of the soviet union and had state sponsored wearing a maga hat and all over the arena and this characterization for the trump rally and his celebration in america going for natzi gatherings are just blatantly false and really it's egregiously wrong. >> a a party that's accusing donald trump and the republicans
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of natziism and they're desperately falling behind in the polls with regular americans. they've endorsed a pro hamas, pro terrorism and anti-semitism natzi sm by engages in these protests and endorsing in the pro palestinian movements and harassing americans on college campuses in their neighborhoods and in their cities and have the nerve to say madison area garden was a diversity of people and orthodox jews and going to accuse him of being hitler and not only not true but it's a disservice to the memory of people that did parish many the holocaust. holocaust. larry: some have endorsed and it's the play and going for them and nobody wants to talk about that and it's very important point and some polls going for
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them going for whatever. early voting is myself and voting early going for them with some people already knowing and republicans learning to vote early and are they learning to harvest early and playing golf on saturday and going during the week and from 6:00 a.m. to 10 -- 10:00 a.m. to 6:00 p.m. most of these days how is that going? larry: it's a lot of time on exhorting people. >> looking at jumbotron in the middle of the arena and going for the entire evening and tudor mention it had and pennsylvania, we're way ahead versus any other election and republicans voting early and we might not be beating the democrats in that state just yet and beating
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themselves and going to make a difference and they've got nine days for this election and tomorrow is actually the last day you can vote early in person in pennsylvania and if anybody lives in pennsylvania, get out there tomorrow and vote. larry: the second time. i'm sorry, hold me back. katie pavlich and caroline downey and ladies, thank you very much. coming up, talking more politics and senator cramer and republican house member from minnesota and tom emmer and no less. if the minnesota red star tribune. that was a joke. if the minnesota star tribune that wouldn't endorse tim walz for governor of the state, maybe they endorsed tim. who knows, i'm kudlow, be right back.
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us.
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oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. >> america first includes all americans. regardless of their race, their gender, or their sexual orlikowski generallation. our message to black americans tonight is this, we want you. what we want for every american, safe neighborhoods, good jobs, clean streets, a country where you're judged based on content of character and not color of
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your skin or political beliefs. that's the america we know. larry: vivek ramaswamy was so good with that message in his earlier message. anyway, talk more politics and north dakota senator, my friend kevin cramer and also house majority whip, my pal tom emmer from the great state of minnesota. tom emmer, i've been dying to ask you by the way seasons we had pete hegseth on the set the other night. i know that the minneapolis or minnesota red star tribune, haha ha, it's the mid star tribune, wouldn't endorse walz on the ticket as vice president, they're own governor. did they endorse tom emmer? >> tom emmer doesn't ask for it, larry, if they gave me an endorsement, my voters would be asking what i'm doing wrong. larry: i get it. i get it. follow up, tom emmer, how is mro ask you about minnesota. you're up in the midwest and you're in the industrial
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midwest, michigan, wisconsin, go to pennsylvania, we're talking politics here. the madison square garden event last night was a tremendous nationally, essentially national televised wrap up statement by mr. trump and his team. how are they doing in the trill states, mr. temer? >> they're doing great, larry. not only the early voting going on in pennsylvania and your last segment and pennsylvania they're looking strong and michigan looking strong and georgia they're looking strong and minnesota is not, it's a bubble kit as i call it and we're just off that bubble. only state that didn't turn red in 1980 with ronald reagan, but i don't know if you saw, larry, today a poll came out in minnesota that's now close to 2.6% with margin of error of that poll of 2.4. it's right there. it's right there.
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larry: kamala broke it and he'll fix it and people don't want a second term of biden is harris and it's worth -- there's no results in a second term and i think that's a good thing. kamala broke it, trump will fix it. what do you think? >> it's a brilliant theme because it's true. people know it's true because it reflects their experience after the last eight years and that's where it's always been donald trump's advantage and people don't i had a friend in minnesota from college saying you can't pea on my back and convince me it's raining. that's what they've been trying to convince me and going to be going through the rain and sunshine and larry: you were
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there at the event yesterday and msnbc tries to make fun of talking about natzis and minnesota and so forth. even though bill clinton was nominated in madison square garden and had any number of events with clintons in madison square garden and it's as phony as $3 billion and it's not going to work to anybody. as you were this, i know it was hot and the vibe was good. how effective will it be? it just seeps to me one more big event, you know, like the al smith dinner was a big event and going to the bronx was a big event. i mean, butler, pennsylvania, was a big event for a lot of reasons. the rnc was a big event and this thing struck me and you needed one more thing, launching right through to next tuesday. >> this was the biggest event, larry. i can tell you the reason they're spinning against it is
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because it was so effective and you had over 100,000 people that donald trump brought into blue new york city and madison square garden completely full and donald trump didn't need to advertise beyonce to get people to show up and they all came for his message and i'm going to tell you his message of an economy that works for everyone, his message of a secure border and crime under control and his message about peace and stability around the globe, that's what americans want to hear, larry. that's what they -- they're dying for and kevin cramer is right. they remember. they remember the world under donald trump and the first administration. the best economy and safe and secure communities. a world that was under control and now, what they have. it's an easy choice and i think donald trump put on a great show last night, larry. larry: he spoke well. so did vivek. we'll have you back, kevin. we lost you, you're great and we'll have you back this week. talking more politics.
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mr. tom emmer, if you win minnesota, i'm going to buy you dinner. i'll buy you dinner anyway. ayane kudlow, folks. we'll be right back. because it actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients. try pronamel mouthwash. ...
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larry: old star democratic identity politics don't work anymore. that's why the coalition is broken up and why mr. trump is getting democratic voters working class voters people want results. okay? the content of your character, and the economic opportunity. anyway, elizabeth macdonald, u

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