tv Kudlow FOX Business October 31, 2024 4:00pm-5:01pm EDT
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anti-green energy policies and quite frankly a stock trading at 100 times next year's earnings gives me a concern. other name is bitcoin. another anytime i know that trump likes. he likes trip to currency but bitcoin is not a good head against the dollar. gold is up based on concern of the currency and bitcoin will not be a great place to put long term investment capital. liz: i can hear the crypto accolades screaming in front of their tvs, david. it's had a good run up and pulling back a bit today at 69,000 and change. david spika, our thanks to you. have a happy halloween, david, and all of our view ores. here we go. it is a pretty red day here across the board. we're going to say you've got to tune in tomorrow to see if investors buy on this dip. stay tuned, kudlow is next. lauren:
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larry: hello, folks, welcome to kudlow, i'm larry kudlow. donald trump boards a garbage truck in green bay and kamala's hate campaign is backfiring once again. caroline downey and miranda devine and deroy murdock onset live here in just a moment. plus, later on, senator rick scott and governor doug burgum, congressman wesley hunt, all of them waiting in the wings. first up, griff jenkins live at the white house. griff, where is your garage truck get up? it's halloween. reporter: they ran out of orange vests apparently. it was the most popular halloween costume i suppose. good afternoon, larry. this is the garbage gaffe that keeps on giving and all kinds of distractions on the campaign trail including vice president harris repeatedly distancing herself from the comments. listen. >> first of all, i think the president has explain what had he meant but i've said it earlier, i strongly disagree
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with any criticism of people based on who they vote for. reporter: the white house remains in cleanup mode defending biden yesterday from the podium. >> no, he does not view anybody that supports trump as garbage. that's not what he views. the president said this for more than three years now and said multiple times that he is a president for all reporter: this has house republicans sent a letter to white house council demanding they correct a transcript after the white house added an apostrophe and lawmakers wrote "instead of apologizing or clarifying president biden miswords, they sought to change them bespite ping been video and a false transcript of his remarks". former president trump capitalizing on that and donning
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the orange garbage vest and blasting biden is harris. >> i have to begin by saying 250 million americans are not garbage. crooked joe biden finally said what he and kamala heal reigns leading think of our supporters. he called them garbage. no way. no way. my response to joe and kamala is very simple, you can't lead america if you don't love americans. larry: griff, this is day three of the garbage story and now the garbage truck story and now the donald trump i mean, the halloween costumes are going out the window. extraordinary. there's only five days left and day three of garbage. how about that? reporter: how about that. there's probably going to be a lot of kids outside the white house wearing that orange vest.
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kamala democrats are trying to smear mr. trump, but he's outwitting them at every turn. know why? trump is cool. and it's cool to be for trump. here's something else, kamala's campaign to demonize trump and his supporters is a complete failure. only a year or so ago that they wanted to throw him in jail for 750 years and guess what? his polls went up not down. you'd learn from that but she hasn't. her whole threat to democracy campaign is not only small beer but old beer. nobody's drinking it anymore. let me quote the great miranda devine in the new york post, if you vote for trump, you are morally inferior, deplorable,
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sexist, rage-filled moten cojoins, racist, bigot, natzi and adding to that humbly fascist. it's fail because it has nothing to do with kitchen table issues: high prices, falling wages, lack-over affordability to buy new homes and cars and nothing to do with the open border catastrophe that's launched a nationwide prime crime epidemic and in other words people are not really sitting around the kitchen table reminiscing about adolt hitler or musolini. rent controls, $4 trillion in tax hikes and multitrillion in new spending on entitlements and more give aways like student loan cancellations and so forth and so on none of that and
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statism, and desire to strip judicial independence. i love that. kamala democrats can she not stand it and that's the riff. aforementioned miranda devine, new york post star cal ummist. columnist, fox news contributor. caroline downey, deroy murdock. welcome to all of you. myrrh leeanne data committee, thank you for come -- miranda, thank you for coming first of all. it was very difficult but time to save america. i think you're right, they're throwing every name in the book at the smear campaign. interesting thing to me is having done this now for several week asks it's not working and no evidence and maybe it's been but it doesn't seem to be working. and it seems to me trump is
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he said the other day i think the most brilliant line probably of his campaign is you cannot be president if you hate americans. and that is what joe biden, kamala harris, and their surrogates do. they hate americans and mistrust them, they think they're natzis and fascists and they think they're racist and bigots even if they're black or latino. anybody who votes for a fascist like donald trump, kamala harris has been wishy washy in everything she says except at that cnn town hall the other day where she emphatically twice agreed that donald trump is a fascist. larry: yes, and what's different between you and joe biden and she said i can't think of anything. people don't want a second joe bind. deroy, think people are sitting around the kitchen table talking about life and times of
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benito musolini. i'm being a wise ass but these charges that bounce off trump for heaven sake, it's not what people are thinking about it. they've been through four hard years and economy has gone south on them. world affairs has gone south and border has come north and has nothing to do about what folks are thinking about them and i'm astonished and how stupid the kamala campaign is. the obama crowd beat us twice. they've got talent, but this is a travesty and so far from what ordinary folks are talking about. when you hear hitler, hitler hitler. >> he's having a great time riding in the garbage truck and said we want a new golden age in
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america to madison square garden and steven miller and howard wit whitcoff on the podium and welcomed by everybody and one was hindu due and scream hitler and see the behaviors. going for them and jewish playing with grandchildren. larry: i don't know if you read any of mcmulvaney's post in the new york times and he's a dear friend of mine and he's one that pointed out about jared and ivanka and never heard trump talk about hitler. i span both of those guys -- when i was in the white house i span john kelly and mick mulvaney and i was in hundreds of meetings and never heard anything about hitler. i don't know where this comes
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from. what they've done is picked up something that doesn't exist and running with it, caroline downey and no one is buying it. it's like no one cares because it's not important that their personal lives. >> larry, you've menaced in previous segments like all economic knowledge of what fascism means by definition is not applicable here and national socialism and i thought kamala harris was the one that wanted to tax the american people into oblivion. trump wants to reduce regulation and empower small businesses and doesn't sound like a nationalized economy to me, which makes the little guy obviously jim garrity and the rehashing of january 6 is the closing argument of this campaign. it's such a paint by number strategy, which is really a great point because kamala harris lacks creativity in her campaigning, and we see that
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very clearly with trump in an apron in mcdonalds and filled with joy and kamala harris is filled with bitterness and resentment and can't some up with a campaign tactic to save their life. joe biden's garbage stinks worse than that comedian at m madison square garden. larry: we're five days till the election? >> five days. days. larry: this is the big story. the top story? i mean, not only have they blundered but trump is eating off the blunders. >> he nibbled four babies last night and sucked their toes and chomped on their legs.
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going for them. larry: he nibbled? >> hard to keep up with all the craziness. larry: switching gears and something else that's cooking here and fox news digital story that's not gotten a lot of -- harris campaign dishes out six figure donations, six figure donations to groups that support defunding police and reparation and cut six figure checks to left leaning groups and police and reparations and are tied to radical activists that supported lewis. black voters fund $150,000 from the harris campaign and they've called for defunding the police
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and black church pack, same story. $150,000 from the harris campaign and defund the police group and defunding the police and reparations. this is coming from harris campaign. this is the worst of the worst. she says she's not the same -- she doesn't agree with what she said in 2 2019 and 2020 then why are they providing. >> what are they paying for and what kind of protests and unrest are they paying for and getting ready for around the election? if donald trump wins, i don't think we'll get peace from the left. larry: deroy, do you know these group s? >> she presents herself as a great neoconservative and defund the police and law and worder
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and tough on crime and in her campaign it's funding people that want to defund the police. mention fericon, one if not the biggest anti-semite in the country. larry: this puts to lie everything she's been saying. i didn't know this. that article, people get it up on fox. fnc digital. it's very instructive. i'm laying it out because -- meanwhile, caroline, last point, trump on a daily basis in many cities and many venues, okay, he's talking kitchen table. saying i'm going to cut your gas prices and cut your interest rates and cut your home prices he's letting musolini lie foul in some place wherever he is and mr. hitler and talking to people's concerns, caroline.
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>> and trump is sticking to his issue and sending other people out for the culture and campaigning and he's on message. kamala harris claims to be a forward thinking candidate and she's obsessed with the past. there's no new messages beside tram subpoena hitler, trump is existential threat to democracy. these are all very old rhetorical tactics and they've been recycled ad nauseam. larry: kamala harris and the dems can't lead the country if they hate half of it. miranda devine, boy, you write good. yes, you do. >> that's straight from donald trump and he's the master of the branding. larry: he is. he's terrific stuff. it's cool to vote for trump and trump is cool. benito, may you rest in peace. thank you, miranda devine. thank you ever so much.
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deroy murdock. great to see you again. larry: all right, folks, on kudlow, speaking to outspoken florida senator rick scott, good friend. catch kudlow monday through friday at 4:00 p.m. here on fabulous fox bis and if you can't get us at 4:00, please, text your favorite 9-year-old and she will show you how to dvr the show, and you will never miss a single kitchen table. i'm kudlow, be right back. ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield 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. chase really knows how to put the hart 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!
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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.
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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. larry: how is it down in florida? >> i've traveled the state and talking to voters and working to get a vote out and if you ever have an absentee ballot, vote it. if you can vote early in your at a time inshrewding florida, get out and vote to lock in your vote and make sure donald trump has a big win so we get a new president. and take majority of the senate and get a majority in the house and campaign every day wackerring hard to win.
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schumer, democrats are doing everything they can at me and it's all a bunch of lies and can't run on the issue and run on lies. >> yep, running lies and all that seems to be kind of a democratic thing this year. larry: stories are running -- senate, senate leadership and let me begin with the fundraising part. there's a story running today, mitch mcconnell not doing the fundraising and getting the money out and senate candidates that can win and give gop53, 54 seats in the senate if not more. it says basically rick scott, john thune and john cornyn and the three of you trying to pick up the slack because mcconnell is misses in action. is it true, and are you doing that and succeeding in putting money in the key races where the former leader is not? >> well, you know, as far as defense, ted cruz ted cruz and i have the hardest races to defend and he's not helped us.
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actually, i mean, mcconnell came out in the last two weeks and attacked trump and me, both in the middle of elections and it's just hard to believe. look, where everybody is working hard u we're getting a majority and time sheehy winning in montana and bernie winning in ohio. if everybody goes and votes and we'll have majority and we've got a great chance to pick up pennsylvania, michigan, wisconsin, and nevada, arizona, maybe some others and we have got to vote, vote, vote. but, yeah, mcconnell is not helping ted, he's not helping me. we've got to have new leadership. i'm running to be the republican leader and for majority be the majority leader and we have to change the direction of the country and the way the senate's been run.
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larry: what the nature of the attacks that mcellroy connell is saying? joe had doesn't like the fact i believe we ought to have a plan. he doesn't think we need a plan or run on everything. i campaign every day. i can tell you what people want. what are you going to do, rick? are you going to balance the budget or secure the border in what are you going to do about the pledge of allegiance and making sure our kids have a great education. funding the police. they're asking for a plan and mcconnell says no, no, not going to have a plan. i want to get things done. i want to support president trump when he's the president and that's why i'm running to be the leader and have to have somebody in washington saying we're going to represent the republican voters and not the washington establishment. larry: you'll be running in the campaign leadership yourself and
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thune and cornyn and all good men. what's the difference between the three of you. you believe you can win, you told the ma. what's the difference between your campaign, your candidacy and mr. cornyn or mr. thune's? >> well, i'm a business guy. you work your plan and mr. trump needs our support to get the nominees through the senate. we have to have a plan. balance the budget, have a plan. secure the border, we have a have a plan. that's what i did as a business guy and i believe we ought to have a plan and work our plan every senator is important. so we've got to bring everybody together to get something accomplished so that's what i bring to the table and john
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cornyn and john thune are great senators and i tell people this is what i bring to the table and i don't like what's been going on in the senate. i know that we can do better. larry: all right, we'll leave it there. senator rick scott of florida. thank you, sir. appreciate you taking time out. good luck on the campaign trail. all right, folks, coming up, look under the hood and you see that these gdp reports and economic growth all about government spending and bar rowing and deficits. not about the private sector or investment. we're going to talk about it with kevin hassett and ej antoni and available as a podcast and right after the show, spotify, app and will fox business podcast.com be right back. ♪ this way has people who start early.
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>> we can cut taxes and slash prices and raise wages and bring thousands of factory jobs back to america. we'll build america and buy american and hire american. everyone will prosper. every family will thrive and every day will be filled with opportunity and hope and loaded with gold old american dream. we'll have the american dream back. larry: boy, sure didn't sound like fascism to me. anyway, talk to kevin hassett, my pal. former chair of council of economic advisers and ej antoni, research fellow at heritage foundation. gentlemen, welcome. starting with my pal tony antoni as i like to call him.
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people have talked about that as much as they should. what do they make of it? >> larry, you're right. the sad thing is it's not simply just the third quarter and it's been a trend now for eight of the last nine quarters we've seen government purchases grow faster than consumer spending, and i think it's also worth noting that this didn't even all of -- this isn't even all of government spending and just direct purchases by the government and doesn't include welfare payments and that's trillions more per year and put all this together and realize that government has been growing at a much faster rate than the private commie economy and that's not sustainable -- economy and that's not sustainable. larry: unleash prosperity is also saying that government debt is rising faster than gdp and
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the other one i want to mention is just right now, take a snapshot, fiscal year 24 that's 7% of gdp. unparalleled in peacetime. to me, that kind of deficit spending if you will, that undermines all these numbers and i don't believe any of these numbers and not a single one of the numbers and you've got this phenomenal government influence on everything, on the economy and other matters but here on the economy. that's why i don't believe it. that's why i think ordinary people >> the change in nominal debt and change in gdp and going for them to pay 70 bucks and burning 30.
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obama running against romney and in the quarter before the election, biggest ever increase in defense spending and back to world war ii. and it's that the government can time and pay contractors and stuff in order to front load growth into the data before the election and it's clear they've done that again. larry: but the point is, you know, tony antoni, when you look at the numbers, these are just numbers. you're not making this stuff up. these are the federal numbers, treasury numbers and borough of economic analysis and going to
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have the point, ej. most economists aren't concerned and they're concerned with mr. trump because he wants to cut taxes and he wants to fight against unfair trading. does kamala harris ever want spending and cut anything she'd do to stop the mass i budgets deficit spending? ej? one thing just once? any time? i don't see it. wall street economist and trump is the inflationary guy. >> larry, these are the same folks that said that the first trump administration was going to cause run away inflation, was going to spark a trade war in a global recession.
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giving worst inflation in four years and wrong time after time after time going back to the point you made about the numbers are simply what they are and kevin's point is a great one that the status tigerses are trying to fudge -- status eight hourses are trying to fudge the numbers and making them look better than they are and great example of the household survey had 700,000 more people in a single month joining government employment. rising to 4.5 and fell to 4.1 not because people got productive jobs baa because they were all working for the government. larry: i mean, this is just top down economic statism. kevin hassett, last 30 seconds. you and casey mulligan didn't think much of the noble prize winners did you. give us a quickie on that.
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>> >> they wanted to president that believes in evidence and if you look at all the evidence, it's completely inconsistent and the fact the noble people and scientists are trying to bully people into not speaking the truth about the economy is something that casey and i decided we can stand up against and nothing is more fun than punching a bully in the nose and we did that early yesterday. larry: kevin hassett and tony antoni, thank you. joining me is north dakota governor doug burgum. thank you for coming. i don't know if you did dan's piece in the wall street journal and he's an old friend of mine and oil analyst extraordinary down through the years. it's about fracking. i'm going to throw numbers at you and get you to react. first of all, 70% of oil and 80%
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of natural gas comes from fracking. that's point number one. i dare say even though whatever kamala harris may say, she would want to cut those percentages down. but call them both 80%. and natural gas is a clean burning fuel. so hydraulic fracturing and horizontal drills must be here to stay; right? what say you? >> harris that wants to ban frafracking and president trumpo says that he wants to unleash american energy dominance and how do you do that? also in that same article by your friend daniel yurgan and innovation. 20 years ago, we had basically no shale production in the country and people said it'll be impossible to go down and get that hard rock this much oil. now the u.s. has become an
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energy power house in spite of biden administration and in spite of regulation and contrast between trump that supports innovation in private sector and we raise price for every american offer every product and fund the wars we're fighting and killing u.s. energy and great for russia and iran and hurt our allies in western europe and the pacific and he summed it up great in that article. larry: one more from a stat and isstatistic i didn't realize was so low. batteries and plug in hybrid cars are only 2% of cars. i didn't know it was that low. it's a really quite remarkable. that means 98% or diesel orifice powered and stop fracking and
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ban them. >> the whole economy is standing still, 98% and they stopped the production of electric f150 was america's greatest selling truck. 2% is electric and 9 #% is not. biden's want to stop that in ten years and kamala harris probably agrees. what did you think, governor? >> the idea that somehow we're going to scale that number from 2% with the hype cycle they've been through and a lot of americans think it's a bigger number. that number is very low, but it does include the fact that we've got to also -- we're never going to have electric tractors and trucks and trains because of weight ratio and physics and they're not going to work in
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cold climates and whole plan was never going to watch. none of that makes, you know, any sense whatsoever from a economic standpoint and environmental standpoint and doesn't make sense and we're buying batteries from china and world's largest polluter as opposed to here and we produce energy cleaner, safer and smarter than anyone else in the world. caring about the environment of voters to be voting for trump, producing american energy has been the way to reduce co2 emissions faster than anyone else in the world. larry: governor, help me out, mr. trump is in new mexico today. it's a natural resource state, a big oil and gas state. can he carry new mexico? 20 seconds, governor burgum. >> any place they produce energy, pennsylvania, which he's going to win, new mexico they should be voting in their own economic self-interest and roads and schools in new mexico are paid by energy sector and should be voting for president trump.
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larry: great stuff. governor doug burgum, north dakota. terrific stuff and folks, quick break and congressman wesley hunt on the other side. he says mr. trump is the people's president. and he's going to join us, next up on kudlow. super helpful. ♪♪ [ cheering ] what are invoices? progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical
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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.
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>> we're a nation in decline. very, very serious decline and we're going to bring our country back. larry: all right, joining mo now to talk about that and other things, good friend texas congressman wesley hunts. mr. congressman, wesley hunt, thank you. i want to play -- i want to put up on the full screen your twitter x. there'll never be another soak it up america. this is the people's president. i like that a lot and i think i know where you're going but what makes you say he's the people's president? >> well, larry, i tell you what. first they call us fascist and one thing i served this country and fought in combat, i'm not a fascist. then called us racist. larry, i'm black and i can tell you i'm not a racist and coup de grâce, they want to call us garbage and president trump
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giving the message from the garbage truck letting the world know you're not garbage or fascist or racist and you're fell mo learns that wants the country back and president trump is the man to do it. i was with him in allen town, pennsylvania, and president trump could say it was the love fest, larry. there were all walks of life there and people literally are just excited to see what can happen in the next four years after the disaster we've seen for the past four. this man represents the people, his finger is on the pulse, he know what is we need and blake grupeing called that and that being fries at mcdonalds. this guy know what is he's doing. larry: this smear campaign by kamala, including what joe biden said the other day, and they can't deny it. they're trashing ear other at this point. the general smear campaign you referred to fascist and hitler and all the other crazy things, this is old, stale, beer, this
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stuff doesn't work. they tried to throw them in jail, wesley, for 750 years. it was really only about a year and 18 months ago, that was the hottest item on the democratic agenda and what happened? his polls and rates are 7:and went down and joe biden that got put out of office, not donald trump. you see what i'm saying. it's an utter failure and nobody in their right -- i mean, i'll go to your district. people sitting around there kithing tables and living rooms and talking about life and times of benito smo musolini or worrid about economic future and how to shut the border down? serious question and democrats are saying they're talking about musolini. >> cannot be more correct and take his money and sue him. he rises up and tells us all to fight, fight, fight and what are we fighting for, it's our fur economy and sovereign border and
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our safety and what i found kind of funny, larry, i can't imagine that joe biden sitting behind a laptop would be the person that's going to take down this whole administration and wasn't even hunter biden's laptop. being able to afford everything we want in the country and everything we need this this country being able to pass wealth down to the next generation and live in a free nation. that's the message that president trump has been touting for the past four years. and finally it's sinking in and that's why you're seeing us surging in the polls and every single swing state we're up and i've got a very good feeling on november 5 when we wake up on november 6 that we will be back in charge to get our country back, larry. larry: you know, congressman, the other thing, they say this
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stuff kamala says this and biden says this and they belittle people and make fun of it and all the rest, they try to dodge it and lie about it. you know what, you're a military man and you're a stand up guy. you know, when the public sees constant lying and i know some exaggerations and that's cool. i've been in and out of politics a long time. i get it. but when you see the lies like i didn't say it but here it is in the cold hard print, okay. you start hanging your hat on apostrophes and stuff like that, that's a character flaw. you don't want to associate with them. don't want to be part of that crowd. i'm saying trump flipping fries and in the garbage truck and in madison square garden and in the bronx and in the barber shop, you were with him in the barber shop if i'm not mistaken, trump is the cool guy in this campaign, wesley hunt. five seconds. cool guy. >> you know what, he's a cool
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guy and this is the campaign of joy. i love being apart of it, larry. thank you for having me on, brother. larry: congressman wesley hunt. the best of the best. we'll be right back. after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪
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larry: all right, so kamala just keeps trashing him, trash talking trump. it doesn't work. it backfires. trump keeps stealing the show. he outwits all of them. that's one of the big stories of this this election. and, liz macdonald up next, outwits everybody. elizabeth: we hope so, larry. i've got to live
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