and they rent equipment. they are dominant in that marketplace. we have a $500 billion we're spending on roads and bridges so in the small cap and mid cap space we think they are a dominant player and with that much money being spent we've got to rebuild all our roads and bridges. they are dominant in that space and also you're going to see with all of the mergers and acquisitions you'll see a lot of the smaller a.i. companies. you'll have this feeding frenzy, so it's kind of an all of the above and that kind of space as you move forward. liz: here comes the closing bell, and the much talked about federal reserve meeting which kicked off today, we get the announcement tomorrow. >> [closing bell ringing] liz: do not miss this show. folks queue the fireworks. the major average, dow, s&p and nasal close at fresh record highs. that's going to do it for the "clayman countdown." kudlow is next. larry: hello, folks. welcome to kudlow, i'm larry kudlow. so, voters are smart.

they decided enough was enough and they let donald trump to a landslide victory of historic proportions. a miracle of american democracy. we've got joe concha and mark simone and tammy bruce on. all that in just a few moments and markets are giving trump a 1,500 point vote of confidence. wow. we also have senator rick scott, congresswoman elise stefanik waiting in the wings and moments away, kamala harris about to give her white flag of surrender speech at howard university which she should have done last night, but then again, we'll take you to it when it finally happens. we will run the whole speech. all right donald trump riding a populous revolt to a new golden age and that's the subject of the rif. donald trump won a landslide victory yesterday. he swept all of the swing states. he broke down the so-called blue wall of wisconsin, michigan, and pennsylvania. he had good coat tails bringing five new republican senators in.

the house is going to remain republican hands. mr. trump won the popular vote 51-47. roughly a margin of 5 million votes. it was a historic victory, so somewhat similar to ronald reagan back in 1980 indeed. mr. trump has given us the greatest political comeback in american history. you may recall earlier this week, i made the case that the pollsters did not understand the populous surprise that was coming on election day. and sure enough, virtually none of them did. here's what they missed. mr. trump has put together an expanded populous working folks and middle american coalition and that includes young, latinos, blacks, whites, asians, women, all right? trump four points better with women, and unions. he founded his coalition back in

20152016 and it has ebbed and flowed over the years but the key point in this election is that he expanded the coalition. he wasn't just speaking to the base. he was expanding the base. young voters had a 19 point shift to trump. black men 12 points. hispanic men 16 points. no college degrees 8 points. incomes under $50,000, 10 points. catholics 8 points higher. most pollsters never understood the new trump coalition in the first place. they surely didn't understand how much he was expanding it. and these are folks who felt left out and abandoned by the big shots in new york and washington d.c. and california. three-quarters of the voters said biden-harris was piloting the country in the wrong direction. these folks are fed up with high prices, falling real wages, and affordability crisis, open

borders, crime, the woke culture, transgenderrism, and dei and extremist climate policies and seemingly endless wars in europe and the middle east. this was the heart of the trump populous coalition. democrats were in complete denial. they never understood it. they never listened to these folks. instead, they called him name, deplorables, garbage, racist, sexist, called trump a fascist, nazi, a threat to democracy but nobody took the kamala democrats seriously. trump's populous coalition rejected big government socialism, and the left wing wokism. democratic pollster mark penn was one of the few who seem to understand trump's worker coalition. republican pollster surely understood it as it campaign manager suzi whiles and this was their strategy. expand the populous base,

especially young people and minorities. this is what mr. trump was doing at all those rallies, in the garbage truck, adding salt to the fries at mcdonald's, speaking to catholic and religious groups at the al smith dinner in new york, going to barber shops, rallies in the bronx, the madison square garden rally, and it worked. it was a smashing political and electoral victory and last night, in his victory speech, he told supporters that success would unify the country. he said promises made, promises kept. he intends to heal the country. he told them god spared my life to save the country and restore america to greatness. he speaks of a golden age for america. the voters have given mr. trump an enormous mandate for change,

and i believe he will use it to restore normalcy, peace, and prosperity. that's his ticket to greatness. and that's the rif. all right as we await kamala's surrender speech, joining us now, mark simone, wor hall of fame radio host, joe concha, fox news contributor and author of "progressively worse", i think it's progressively better soon and tammy bruce also fox news contributor and author of"fear itself." okay, i'm going to start with joe concha. there you are. >> hi. larry: that was my rif. that's the coalition. democrats didn't understand it. pollsters didn't understand it. trump and his people understood it, and the thing is, he wasn't just playing to the base. this is my point. he was expanding the base the whole time, and people just didn't see it for some reason. >> i remember july 21, i was in new jersey just got on vacation

and my wife looks at her phone and says biden just dropped out. what do you think? is it going to be kamala? i said yeah, probably, she says will she have a better chance and i said no. she's probably a worse candidate if that is possible for the reasons that you mentioned. she goes why do you think she will be worse? i remember this like it was yesterday. i said because she's not going to go into pennsylvania and connect with the teamsters, with u.s. steel, with united auto workers in michigan, culinary in nevada, so she didn't have the unions. that is a big, big part of the stool for democrats, and then the fact that she was hemorrhaging votes and trump was gaining votes with the black community, with hispanics, democrats don't have those three parts of the stool? crashes over. larry: there it is and you saw the crash last night. tammy bruce, i mean, trump is broadening -- another way to look at it, republicans used to talk about a big 10. trump has made the biggest tent ever. i mean, this is a tent that is encompassing so many different

groups and surprising so many experts, and surprising all of the democrats. that's what i see. that was the story of this election. >> you know and it works, because it wasn't decided upon around a table cultivated by political operatives or advisors. it's because that's who he is as a new yorker. that's who you have to be, because new york is everyone. it's really the capitol of the world. everyone's nature. you've got to be able to talk to people. you bump into them on the street. it's where you go. it is a popular place, where you engage with individuals. so it's his new yorker-ness that made that natural. that was his key. this is him organically. it's just this guy, doing this. he's not a creation, like biden, or kamala harris. you don't have to rethink it each night to adjust to what's going on, but i think instinctively he knew to make a

business work, you've got to appeal to everyone. everyone matters. larry: there you go. >> everyone is part of your process, and that's what he was doing. this campaign, it's a business. the country is the biggest corporation in the world, but it has to be owned by everyone. larry: i mean we're customers i love that. that's a wonderful message. i would just say his queens new yorker. because the queens thing it goes to the $25 hair cut barber shop. the queens thing gets in a garbage truck to hang around and play with it. the queens thing goes to mcdonald's. the elites, if you're a harvard, yale and princeton, you wouldn't have gone in the garbage truck. >> didn't stop them but people see that as natural. it's not contrived. anything kamala did was contrived. different accents, it was completely fake. trump has always been exactly himself and we love it.

larry: mark simone, why didn't kamala, the democrats, understand any of this? why? they were in denial. right to the bitter end. she's giving a speech that's still attacking trump as a fascist and a nazi and whatever else they attacked him with. no policies, nothing ordinary people can understand. why didn't they see this? why didn't they get this? >> they live in this bubble. whenever a person says to me, i don't know anybody that votes for trump. well then you live in a terrible world. half the people you know should be vote ling for trump. you're living in a little bubble. he grew up on construction sites and spent his life on construction sites. he knows those people, those workers and if you want to inspire your kids, teach them this story. this is the ultimate rocky story. he's always talked about never give up. making a comeback. work as hard as you can day and night. don't ever quit. if they are shoot sg&a at you shooting at youdon't stop and q.

he put on a demonstration on how to conduct yourself in business and anywhere. fight until the very end, and never give up. larry: he's talking a lot in the last, i'll say certainly the last week, maybe the last two weeks, of a new golden age in america, and he will follow off with the prosperity and so forth and so on. it's a vision, okay? so he has a vision. i think that it's an authentic vision and he believes that people didn't know him, believe that he believes that, and i didn't understand what kamala's vision was, her vision, i mean, i heard about price controls and rent controls and more entitlements and more government spending and so forth. what was her -- he had the vision thing. she had the non-vision thing. the vision thing won. >> well he had what reagan had. if you go back and play clips of him 10 years ago, 20, 30 year ago he was always saying the same things he never changed. she had this flip flop, they

don't ever win, ask john kerry and she had this we're vagueness about her that, it's just like reagan's morning in america. ning up the jimmy carter years and then that's what will happen here. larry: joe, let's go back to this. he has this remarkable coalition as tammy said i love this metaphor, a businessman knows you have to expand your customer base. there's no end to that really, and he does it, like he goes to the customers. he talks to the customers. you know, i mean head-to-head with the customers. he's literally in the mcdonald's okay? i'm using that as a metaphor but literally in the garbage truck or in the barber shop. now, okay. he will be president-elect for a couple months and then he is president. what happens here? how does this play out? >> you talked about in tammy's reference there is excellent about talking to your customers, but whose going to be on his board of directors? whose going to be his managers that bring this vision through? and you look at the people that were on stage with him, the most. obviously his runningmate j.d. vance, what a great story out of the rust belt of ohio to

eventually become a senator, a marine, yale law school and then you have elon musk, one of the most successful businessmen and creative minds of all-time never voted for a republican before and he's out there. tulsi gabbard with more delegates than kamala harris did when she ran for president in 2020 at the democratic nominee. rfk jr. , vivek, right? this isn't like a bunch of rich white people on stage with them, saying hey, tax cuts for the rich. this is a team, i think a lot of people voted for on top of trump who to your point can talk to these folks the way no other politician can quite frankly. larry: tammy? let's talk about j.d. vance for a minute. because trump said last night, well, it turned out it was a little controversy. j.d. vance turned out to be quite an asset for him and the other thing trump said was he would send j. d. dealt with all these crazy people on the sunday talk shows for cnn and msnbc and nbc and stuff like

that. was j. d. a big surprise? really came through? what you go think? >> i think so. traditionally we think that when we think about the board of directors that you want like a biden or somebody with the experience, but we've learned that in fact that it's a trap. you want fresh ideas. you want somebody who loves the country, but through generation, he's a young man, what the is he 40? he's a young man, so he's going to be, he knows how to talk with these people sitting across the table from him. you are a bit more as i'll recall being his age, you were much more invested in the nature of your romanticism, your ideology, what is important to you, you're there to fight for it and you know, you have a general sense of what's possible. that's what he brings, plus, his success, where he came from. look, obviously, a home life that was extraordinary, drugs, the nature of perhaps being another statistic and rising up out of that. elon musk, an immigrant that grew up in a domestic violence

household, escaping violence, with sister and a brother and his mom going from country to country finally getting here. these are american stories, in our sole. this is who we can relate to and that's why he's so appealing. it's why trump is who he is, very different background, than both of them but they are still outsiders, strangely enough. it's when fdr was called a trader to his class, because he was rich. so was trump. so was musk. trtraders to the class because they care more about their people first. it's brilliant. larry: here, let's play some sound. we've got some tape. the white flag of surrender from kamala has not yet occurred. let's play some trump tape, a message for the next four years. here it comes. >> i believe the greatest political movement of all-time, we have to fix everything about our country. i will not rest until we have

delivered the strong, safe, and prosperous america that our children deserve and that you deserve. this will truly be the golden age of america. many people have told me that god spared my life for a reason. >> [applause] >> and that reason was to save our country and to restore america to greatness. larry: play more sound, more tape, but still waiting for kamala's surrender speech. mr. trump on building a coalition. play some tape, please. >> we've built the biggest, the broadest, the most unified coalition. the young and old, men and women, rural and urban. they came from all corners, union, non-union, african americans, hispanic american, asian american, arab american,

muslim american. it was a historic realignment, uniting citizens of all backgrounds around a common core of common sense. you know we're the party of common sense. larry: i wrote about that monday. i just want to say. i touted that coalition, i believe you were here for it. >> yup. larry: mark? i want to say trump winning with those themes and the authenticity that we're all talking about, and tammy i love your customer base idea. probably going to steal it. >> please do. larry: i'll give you credit for it. i want to say trump is a great man. trump has greatness, right now. he has greatness in the opportunity, but what he's done, written off, go back four years, all right? go back to january 6. go back to january 7. whatever. go back to the indictments, go back to the lawfare. go back to putting him in jail for 750 years. go back to the impeacheds. go back to the abuse he's taken

by the media and his opponents. i mean, i think that he is a great man. he has already proven himself. now he will go and make the country great again. >> and yesterday he did a million things. he was up until 3:00 in the morning. he is a work-aholic. kamala was going to speak about 20 minutes ago. it sounds like she has to go back to work. where is she? larry: she has a job, she is still the nation's vice president. >> you know what, larry? great players in the nfl and major league baseball make their teammates better. patrick mahomes keeps winning and the chiefs, he keeps winning because he makes them better, and donald trump last night, not only won the oval, but he got all those senate candidates that otherwise would not have had a chance over the finish line. looks like nevada now as well. you could have 55 seats in the senate. you could do a lot of things with that and get your cabinet through, same thing with the house. they would have lost it last night without donald trump. larry: all right so let me ask

my producers. we're waiting for kamala? we're going to continue our conversation. we may go the whole hour. it's okay. continue that. i like it. all right trump's potential greatness, trump's actual greatness. look, i'm bias observer. i worked for him. he's become a personal friend. i was talking to brooke rollins, she was domestic counsel in the trump white house. a brilliant woman, strong, intelligent woman, he was dead politically, whether he liked it or not, he was dead politically in january of 2021. dead politically. now, here he is. president, again. this is different. i know grover cleveland was, you know, elected and then he lost. that's different. people were shooting at him for four years. okay? they were shooting at him this week while he was

developing this incredible massive victory. there has to be, i don't want to push it too far. he's got governed and so forth, but i think there is greatness in that. i do think this is the greatest political comeback story in american history. >> and it relied on his decisions. he had to decide, at some point, that this is worth fighting for , and it normally, people fight for things because there's something to gain, right? there's some material gain for it, and that's what we love about the country, right? we all find our level. you're ahead of a company and it becomes as big as you want it to be based on your own ambition, but he began to lose things because of it, but he continued to move forward because there was something bigger than him even. bigger than everyone else and it was the country and that, i think, the experience of running for president. i don't think it was in him at first but he grew into loving the country and understanding his unique role and accepting it, so i disagree that he was

dead in that month. and certainly the establishment would disagree because of what they tried to do to him. they knew that if he could act again, he be back again and he decided he would and he was more powerful and he was driven. the assassination attempt reinforced that as well. his family stood by him. it was the perfect combination and he had the strength to accept it. many people turn away from that kind of pressure but he turned into it and that's why he is here right now. it's a combination of things. i do think there's a divine intervention, but it's about whether or not when each of us are faced with something difficult if we accept it or we don't. larry: mark simone, you were one of the few people who had no doubts he would run again and win. you were constant about this. you and i are good personal friends all of our dinners and whatnot, you never doubted he would do this. >> no, he wrote the book "the art of the comeback."

it's out of print. one of the things, the joe rogan podcast made a real difference. 75 million people heard that. young people, people that don't normally vote for him. also -- larry: can i ask you about the joe rogan, young people. it reminds me of reagan. reagan ran, not as old as trump but an old guy. young people loved reagan. trump did extremely well with young people. why? why? how do you read that? >> well and you could hear it in the rogan podcast. the young people are so young, they are used to these phony politicians. they never saw a really genuine authentic guy. larry: he picked up 18-29 years old, sorry for the factoid. trump picked up 19 points from 2020 to yesterday. 19 points, okay? that was the single biggest gainer of the major demographic group. >> that was the rogan podcast. 75 million people. and people never heard of him like that. it was a very relaxed trump. it's the trump you'd see in

the living room talking for three hours. anybody that listened to that would have voted for him. larry: you guys are great. we've got to take a break. one thing is going to happen either we bring on some economic stuff because there is a fed meeting today and i want to talk about mr. trump's economic policy either that or the white flag of surrender from kamala. something is going to give. mark simone, thank you ever so much. tammy bruce thank you so much, joe concha, thank you so much. we appreciate it very much. all right folks coming up the markets just gave donald trump a huge, listen to this , 1,500 points on the dow. i'd call that a vote of confidence. the gold price fell because the dollar is strong. this is the new trump king dollar. we'll talk about all that with charlie gasparino and breitbart john carney and remember folks you can catch kudlow monday through friday at 4:00 p.m. everyday right here on fabulous fox business. if for some reason you can't make it at 4:00 please text your favorite 9-year-old and she will

show you how to dvr the show and you'll never miss a new trump populous coalition. how about that? s that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected.

larry: kamala harris delivering her concession speech from howard university in washington d.c. let's take a listen. >> good afternoon, good afternoon. >> [applause] >> [cheers and applause] >> [chanting usa]

>> good afternoon, everyone, good afternoon. good afternoon. >> [applause] >> thank you, all. thank you, thank you. thank you. thank you. so, let me say, and i love you back. >> [applause] >> i love you back. so let me say, my heart is full today. my heart is full today. full of gratitude for the trust you have placed in me. full of love for our country, and full of resolve. the outcome of this election is not what we wanted. not what we fought for. not what we voted for , but hear me when i say, hear me when i

say, the light of america's promise will always burn bright. >> [applause] >> as long as we never give up and as long as we keep fighting. >> [applause] >> to my beloved doug and our family, i love you so very much. to president biden and dr. biden thank you for your faith and support. >> [applause] >> to governor walz and the walz family, i know your service to our nation will continue. >> [applause] >> and to my extraordinary team, to the volunteers who gave so much of themselves, to the

poll workers and the local election officials, i thank you. use thank you all. look, i am so proud of the race we ran, and the way we ran it. >> [applause] >> and the way we ran it. over the 107 days of this campaign, we have been intentional about building community and building coalitions, bringing people together from every walk of life, and background. united by love of country with enthusiasm and joy in our fight for america's future. >> [applause] >> and we did it with the knowledge that we all have so much more in common than what separates us. now, i know folks are feeling

and experiencing a range of emotions right now. i get it. [laughter] but we must accept the results of this election. earlier today, i spoke with president-elect trump and congratulated him on his victory. i also told him -- >> booooo. >> that we will help him and his team with their transition, and that we will engage in a peaceful transfer of power. >> [applause] >> a fundamental principle of american democracy is that when we lose an election, we accept the results. that principle as much as any other, distinguishes democracy from monarchy or tyranny and anyone who seeks the public trust must honor it. at the same time, in our nation,

we owe loyalty not to a president or a party but to the constitution of the united states. >> [applause] >> and loyalty to our conscience and to our god. my allegiance to all three is why i am here to say, while i concede this election, i do not concede the fight that fueled this campaign. >> [applause] >> the fight, the fight for freedom, for opportunity, for fairness, and the dignity of all people. a fight for the ideals at the heart of our nation. the ideals that reflect america

at our best. that is a fight i will never give up. >> [applause] >> i will never give up the fight for a future where americans can pursue their dreams, ambitions and aspirations, where the women of america have the freedom to make decisions about their own body and not have their government telling them what to do. we will never give up the fight to protect our schools and our streets from gun violence. >> [applause] >> and america, we will never give up the fight for our democracy, for the rule of law, for equal justice, and for the sacred idea that every one of us no matter who we are,

or where we start out, has certain fundamental rights and freedoms that must be respected and upheld. >> [applause] >> and we will continue to wage this fight in the voting booth, in the courts, and in the public square, and we will also wage it in quieter ways, in how we live our lives, by treating one another with kindness and respect. by looking in the face of a stranger and seeing a neighbor. by always using our strength to lift people up, to fight for the dignity that all people deserve. the fight for our freedom will take hard work but like i always

say, we like hard work. >> [applause] >> hard work is good work. hard work can be joyful work and the fight for our country is always worth it. it is always worth it. >> [applause] >> to the young people who are watching. it is -- >> [applause] >> i love you. to the young people who are watching, it is okay to feel sad and disappointed, but please know it's going to be okay. on the campaign, i would often say, when we fight, we win, but here's the thing. sometimes, the fight takes a while. that doesn't mean we won't win. >> [applause] >> that doesn't mean we won't

win. the important thing is don't ever give up. don't ever give up. don't ever stop trying to make the world a better place. you have power. you have power, and don't you ever listen when anyone tells you something is impossible, because it has never been done before. >> [applause] >> you have the capacity to do extraordinary good in the world, and so to everyone who is watching, do not despair. this is not a time to throw up our hands. this is a time to roll up our sleeves. >> [applause] >> this is a time to organize, to mobilize, and to stay engaged

for the sake of freedom and justice and the future that we all know we can build together. look, many of you know, i started out as a prosecutor and throughout my career, i saw people at some of the worst times in their lives. people who have suffered great harm and great pain, and yet, found within themselves the strength and the courage and the resolve to take the stand, to take a stand. to fight for justice. to fight for themselves. to fight for others. so let their courage be our inspiration. let their determination be our charge, and i'll close with

this. there's an adage and a historian once called a law of history. true of every society across the ages. the adage is only when it is dark enough can you see the stars. i know many people feel like we are entering a dark time, but for the benefit of us all, i hope that is not the case, but here's the thing. america, if it is, let us fill the sky with the light of a brilliant, brilliant billion of stars. >> [applause] >> the light, the late of lighf optimism, of faith, of truth, and service. >> [applause]

>> and may that work guide us even in the face of setbacks toward the extraordinary promise of the united states of america. i thank you, all. may god bless you and may god bless the united states of america. >> [applause] >> i thank you, all. larry: all right there you have it. that was kamala harris' farewell speech, surfing surrender spee. she did call mr. trump to congratulate him and she did mention it in the speech so that was a classy thing to do, right? i'm not here to criticize her. the election is over. mr. trump won overwhelmingly.

it was a landslide, and we will just move on with our tv show. we have breitbart john carney here, and we have the great charlie gasparino, fox business senior correspondent, and author of the terrific book "go woke go broke" i went to his wabc radio party. you were terrific that night. you were really interesting. pardon me. john, you have a fed meeting tomorrow in the middle of this election stuff. the world thinks they should, or they will cut their fed funds target rate, but not by 50, like they did stupidly the last time, but by 25 basis points. i think that's the totally wrong move, and the bond market vigilantes rebelled against the feds easy money. they can force feed lower rates. the 10-year has gone up almost 100 basis points. mortgage rates have now over 7% after the fed. so, please. >> they should absolutely not be cutting tomorrow, but they locked themselves into a

position. when they did the 50 basis point cut, it would look like a retreat and admission that it was wrong if they didn't cut, and then you and i have been talking about this for months. it would look so political. the cut looked political. if they waited until the day after trump gets elected, and they said no now we don't cut, that be a political outrage. they are going to cut tomorrow, but i think they said the signal there aren't more cuts coming or a lot fewer than the market had priced in. the markets realized that by the way. the market went up a lot today not because of fed cuts. remember it used to be -- larry: it went up because of growth. charlie gasparino the stock market loves tax cuts and economic growth and by the way, gold crashed today. that's the new king dollar. trump is for the dollar as the world's reserve currency. charlie: or bitcoin. that used to be a inflation play.

it's more of a stock market play now fiscal policy play. larry: what do you think? 1,500 points charlie. charlie: i love it. but you know? i can't criticize 1,500 points. larry, you're an economist. you worked at bear stearns and many other places. you know bond traders. you know stock traders. they approach their jobs differently. stock traders like the tax cuts. right? larry: uh-huh. charlie: bond traders are thinking tax cuts and tariffs and maybe inflation. here's what a smart trump financial transition person would do and howard lutnik that person. he talks about how trump is going to use tariffs, not as an across-the-board sort of weapon but as something that's a tool to manage trade fairly. larry: r reciprocity. charlie: get out there because the bond market is signaling we see inflation. we don't like it when you

combine tax cuts, not cutting social security on top of, i'm not saying i agree i'm just telling you what use know about bond traders and on top of that tariffs. larry: just say look. economic growth policies will reduce the budget deficit, absolutely. that's the laffer curve. your other point, i happen to agree. how art lutnik could do it. scott bessent could do it. >> something scott put out there that is really important. he said, not to correct you but he said gold didn't crash. the right way to look at this , king dollar, remember, everybody was telling us that trump's policies would weaken the dollar. that's absolutely been it 100%. larry: supply side tax cuts are counter-inflationary. charlie: people that hedge the dollar they buy bitcoin now. it's like it has become -- larry: how about this , charlie.

so, trump. i tariffed heavily china, because of their unfair trading practices, and they are an enemy of national security terms. i tariffed them but i cut tax rates on the other side. there was no inflation in my first term. why should there be inflation now? i'm going to have very similar policies. charlie: he's got to say it. >> i think at some point you've got to talk to the markets a little bit. listen, trump is elected now. he's president-elect. i think now is where you might get volatility in both the stock and the bond markets because people are going to try to digest exactly what he's trying to do. by the way i'm not saying this is bad. this is what markets do. they figure stuff out. larry: this is growth. by the way some of the interest rate rise today was real rates went up, which is pro-growth. it's a growth play, and real rates could drive the real component of the bond market-rate, you know, there's the inflation component and the so-called real component. there is in other words growth

component and an inflation. >> but this was a growth expansion in the stock market is, what we had been seeing for a long time, for months, was any time the fed looked like it was going to get more hawkish stocks go down. if it looked less, stocks would go up. people are deciding the fed will be more hawkish and stocks soared. >> but they don't care because we have an expansionary fiscal policy coming and i think -- larry: no. charlie: we do. larry when you cut taxes, i'm not saying it's bad. but you do have, that's expansionary. larry: when you lower-margin all tax rates on businesses and individuals, which is what mr. trump is going to do, it produce more goods. charlie: we agree with that. larry: that is counter inflation. charlie: i agree with you. the bo bond market doesn't. larry: now the other thing i want to say is the elon musk factor is terribly important. why is that important? because elon working with

howard lutnik and others are cooking up a $2 trillion spending reduction plan. charlie: great. larry: they are also cooking up ways to use federal assets that will bring in, like sale leaseback ideas that will bring in royalty fees which will bring in revenues to lower the deficit. in other words, i'm saying, lower tax rates will be accompanied by huge spending cuts. this is a different policy. charlie: although larry the discretionary spending is limited when you take out social security and defense. listen, get rid of the education department. i mean -- larry: well, wait, hold on. there's a lot of stuff coming here, and discretionary part, look. take the miss named inflation reduction act, john. first of all it's a waste of money. it's all green new deal.

helps china, not the united states. will destroy uaw jobs et cetera. one of the reasons trump carried all of the blue states. now the point is, a lot of that stuff has been authorized but not spent. >> that's right. larry: take the unspent portion out. just take it and there's other, the chips act, the infrastructure act. >> larry, let me explain. you can take that out and then if people worry, you know, how are we going to make microchips. here is how you do it. you say to the banks, we're doing bank regulated reform, and we are going to lower the capital requirements -- larry: i like that. >> when you invest in chips, we can do this through the private sector by deregulating banks, changing the ways -- charlie: which is what he did the first time around. larry: and cut the tax rates. >> most government spending but increases the amount, and that's the reciprocity. larry: i love that. you should be the omb director.

charlie: that was trump 1, and we did not need the chips act by the way. larry: it was the intel bailout act. it was a waste of money. charlie: larry, they are going to have to explain the other side of the economy. this is not, you know, this is people -- larry: wall street, let me tell you. wall street, goldman sachs, let's take their economics. charlie: they are necessary evils. larry: they never understood supply side, laffer curve economics. they just don't. do you know why? because they are very liberal and they believe in liberal policy. charlie: look what you're up against. i know they're wrong. that's not my point. larry: they are running for the hills. charlie: you see the thing where they made the guy watch the films? i want to take david solemon and larry fink and have them watch kudlow all day. >> they should get rid of all

of their economists and send their clients the breitbart business. larry: all they have to do is read the breitbart business digest and charlie gasparino in the new york post and elsewhere and your book is terrific. you did a wonderful job at the abc headquarters, john carlie, charlie gasparino, thanks ever so much. we'll bring in florida senator rick scott, there he is, senator scott. first of all, senator scott, congratulations. you had double-digit margin, i know they were coming after you and spending millions of dollars, and you still had a double-digit margin in florida in your senate race, sir? how did you do it? >> well they spent millions and millions, we had, we got nearly 6 million votes. we won by over a million votes and we won 61 of 67 counties. we won miami-dade by 10 points. we won oceolla where the puerto ricans are, and we won hillsboro, where tampa is, pinellas where st. pete

is, duvall where jacksonville is and we went and expanded the republican party. since i started running for governor i've talked to hispanics all across the state. we have coalitions from every hispanic group and they showed up and they voted for us. they knew my agenda was to make sure their kids, and every child in this country has a chance to live the same dream i got to live, a kid growing up in public housing, born to a single mom and we gave them a purpose and had a big win. florida is the center of the republican party today. and washington, can learn a lot about what florida has done. larry: you know this is, i think, the analog. i'll call it the florida analog to what mr. trump did, what president-elect, i like that phrase, trump did. he created this working folks, middle class, coalition, blacks, latinos, whites, young people, including women. he picked up his margin, so he's building this tremendous

populous coalition which had such a fabulous day yesterday winning the popular vote and of course the electoral college and what i think you're saying senator scott is yours is basically the same notion in florida. is that fair? is that true? >> absolutely. republicans are the working party. we want people to get a great job. we want their kids to get a great education. we want to keep them in a safe community. the democrats are the elitist party. we're the family party. larry: senator scott fresh off this big win, double-digit win which is quite remarkable, the senate leadership comes up. i don't know the vote is what? a week, two weeks, three weeks some such thing? >> next wednesday. larry: all right so coming up fast. you are going to run. >> i'm going to run, larry. i'm going to win. here's why. i've been talking to my republican colleagues guess what? they want change. they know that trump has

a mandate. they want to be part of that mandate. they want to be treated as equals and be part of a team and have a working relationship with the house. they know i've got a great working relationship with trump. with speaker mike johnson. they know i'm a business guy. business guys get things done. we create a plan. we work our mission. we measure things. we create teams. that's exactly what we want in the senate and why i'll be the next majority leader and we'll get trump's agenda accomplished. larry: without jumping it into it myself, i hear you, senator cornyn is a fine person, senator thune has not come on the show but he's also a fine person. so your pitch to defeat them is basically what? >> i talked to my colleagues. they want change. they want somebody that's going to get the trump agenda done and treated as equals and they know they need to be part of a team.

they know i've got a business background. they know i've got a relationship with trump, with mike johnson in the house. they want to get something done. they want to balance the budget. they want to cut taxes. they want to secure the border. they want to stop inflation. they want to protect medicare. they want to protect social security. you only do that by doing something. having a plan and that's what we're going to do and we're going to have a great first two years with trump. larry: have you talked to mr. trump since he won? rhave you talked to him about the leadership race? >> absolutely, and he supported me when i ran against mcconnell two years ago. i'm hoping he will support her this time but he's doing the right thing he won his race so we're texting back and forth but i'm going to do everything i can to make sure his agenda gets accomplished. larry: i appreciate that. senator scott, congratulations on a whopping victory in florida. well done, sir. we will have senator cornyn on the show tomorrow i think or

the next day and we have an open invitation to senator thune, but unfortunately we haven't heard back. rick scott thank you my friend appreciate it. best of luck. now joining us the chair of the house gop conference, congresswoman elise stefanik from new york. the famous elise stefanik. thank you for coming on. you know, i'm just talking about this , the pollsters didn't see it. this is the working folks, middle class new coalition, and what mr. trump did to win, he wasn't just talking to the base. this is my interpretation. i want to hear you out on this. he wasn't just talking to the base. he was expanding the base. all along. the pollsters didn't understand it. the media didn't understand it. and look at the results. i mean, he just smashed the soc so called blue wall but this coalition is growing by leaps and bounds and i want to get your take on that. >> well you're exactly right,

larry. this is a historic resounding victory and it's really a political realignment. president trump has grown the republican party into a big tent party. look at the historic support among latino voters, african americans voters, jewish voters, suburban women voters turned out, young voters because his america-first vision of putting american families, hard working families and workers first, when it comes to strong economic policy, focused on economic growth, pushing back on the inflationary catastrophes under kamala harris and joe biden coupled with his strong message on securing the border and safety and security in communities. that appeals to every american, larry, whether you're republican, democrat or independent and for so long, the media has underestimated president trump's ability to speak to the everyday man and woman and to listen to them and the media elites have totally missed that in the polling. look at the shattering of the bluea look at the popular vote and then look at his performance in blue states,

traditionally like new york. he did better in the state of new york than, he did better than any republican candidate since ronald reagan. that is a historic feet, so there's going to be a lot of discussion but this is the new republican party and it's president trump's party. larry: it's so interesting. you know, elise, i call it the magic of our democracy. the voters are smart. i think democrats think voters are stupid. they are dumb. they are garbage, you know, deplorables. voters are smart. so three quarters say we're going in the wrong direction, we've had enough, we don't want inflation and affordability crisis, we're sick and tired of the woke culture and all of the rest of it so they voted on it. i mean, some sense it's very simple but in another sense, people didn't believe what happened. you believed it would happen. trump believed it would happen. rick scott ran on it in florida. they came after him. he won by double-digits

for heaven sake. this is the new politics. you're right. this is the realignment politics. a new working class middle class coalition that includes, okay, wall street wants to play with this , fine. they are invited too. i'm just saying, you've got silicon valley coming along. this could grow, right? i mean, you've got to pick-up more seats in the house. tell me about the house. it's going to be difficult. >> we are going to pick-up more seats in the house and here is why, larry. if you look at how strong president trump ran in california, this is stronger than 2020 and we were able to hold those seats in 2020 and in 2022. i think we have a pick-up opportunity there and a pick-up opportunity in alaska, the northern maine district is moving our way so the media was so quick to say that democrats would gain seats. we think we will build this majority, based upon the data we have. remember we already flipped two seats in pennsylvania. we flipped the district in michigan. we gained a district in north carolina with redistricting. unfortunately, we held the line in new york, with two losses there but we came out very

strong. democrats tried to build their majority through new york state, but you said something very important and i always say this , because i believe it. the american people are smart. voters are smart. so when you have a democrat party saying the economy is strong, the economy is working, and yet, voters, the american people go to the grocery store every single day. they see the increase in prices, eating away at their family budget. they see the wage and salary cuts because of the inflationary impacts. people see with their own eyes no matter how much the mainstream media and democrat party tried to push this narrative. i agree with you voters are smart. they wanted new direction and they voted for trump. larry: it's the magic of american democracy. believe in freedom. you believe in the voters and you believe in free elections and free markets. you know, i spent my career on this point and once again, it was proven. once again, ordinary people. ordinary people gave donald trump a landslide last night,

okay? that's really what happened. democrats never saw it coming. elise, i'm going to lose you but one thing, oh, good we've got you for a little bit. you're a big shot. you're in the leadership okay? i hope that you'll keep the fight. you know? dei, extremism, affirmative action, anti-semitism, which is part of the dei affirmative action thing, i hope you keep up the fight. i think this is such a thing. i think, again, ordinary average working folks are just furious at the whole idea that you have to have these qualifications and gender and sex and color instead of merit or hard work. i hope you keep that fight up and the coming session of >> we're going to, larry, and here is what is important, it's not just hiring institutions, it's in our government bureaucracies as well. so we're going to need strong people at the helm in the trump

administration to root out the crt rot that the chem do9 accurates have put into with place. -- democrats. whether it's all the agencies that we see in the k the od, we see it at the u.n., we see it in the intelligence agencies as well. we need to focus on the key missions of those ago says and -- agency and not this progressive wish list that has turned into intellectual laziness and has not allowed merit to to rise to the top. we are a meritocratic society, we want exceptionalism and give everyone equal opportunity, not pitting people against one another. i was proud to lead that fight, and i will tell you, larry, if you look at president trump's overperformance with jewish voters specifically in the state of pennsylvania -- larry: right. >> -- we set off an earthquake with those congressional hearings. it mattered coupled with kamala harris' and joe biden's failure to stand with israel compared to president trump's foreign record. particular march yes. >> people have woken, up, and they're making their croix ises

heard through their votes -- voices heard. larry: this war against catholics, a war against jews, a war against religion are, elise stefanik. and as my former boss and deer friend and mentor william f. buckley argued in books and everything, if you don't have religion in families, in communities, in a country, you're doomed the pail if your. and i hope you keep -- failure. i hope you keep that fight up, because it's so darn important. >> thank you, larry. it is a great day in america, and we're grateful for the american people's support for president trump. it's we, the people, that saved this country by voting for president trump, flipping the senate, and we will hold the house. larry: all right. elise stefanik, you are terrific. you are a superstar. thank you ever so much. all right, folks, i don't know what happens next. there's a minute left for me to vent. i'm happy to vent. what last night showed was mr. trump's coalition, okay, say it again, a populist coalition. working folks, middle class

folks, middle america folks, if you will, okay? and i don't care, whites, blacks, latins, okay, hispanics, asians including women, including young people, this is what mr. trump was cultivating. all these four years, okay? and people gave up on him, but he never gave up. he kept on fighting. they threw everything at him including bullets and assassination attempts. this was the coalition. he wasn't just talking the to the base, he was expanding the base with. almost like the democrats didn't see it, the media didn't see it, most of the pollsters didn't see it. the fact is everybody talks about the registration the advantages, people didn't see that too. this was trump's greatness, and he will govern with this greatness at his back and his coalition, and i'm finished. and now my dear friend liz macdonald is coming up to continue this whole discussion. i think -- i'm a little tired,