trigger spot and think cash flow reads and owning cash flow and some dividend paying equities and because cash rates come down, cash has been placing people there to hack out and time to migrate out and more productive assets like dividend paying stocks. liz: great advice. thank you, eric good to see you. folks, it is a record however, will the dow -- it's to close to call and close above 44,000 and it's by three points and s&p too close to call. will it close above 6,000 for the first time ever? we don't know. but everybody is looking at

david: hello, folks. i'm david asman in for larry kudlow today. first battle that donald trump will have in january after he becomes president again, may not be with democrats. it could be with the federal reserve. yesterday the fed announced a 25 point basis rate cut and jumped ports of entry preelection 50 point cut in september. jay powell told reporters the fed won't "speculate about trump's impact on the economy following the landslide victory earlier this week" but powell talked about the need for fiscal responsibility with the new administration and something he was mum about for the massive deficit spending for president biden. powell also threw down the gauntlet over his own term as fed chair saying he will not resign if asked to leave early by president elect trump. steve forbes and bright bart's john carney will be weighing in on all that in just a memhet

onset and first, edward lawrence is live from the white house with all the exciting details. edward. reporter: very exciting details, david. yeah, president elect trump has been no fan of the federal reserve during his first term at times during that term. he has come out and said actually in the campaign that he would not reappoint fed chairman jay powell to a second term. since getting the nod from voters, i reached out to the campaign but have not heard back about if this feeling over the current fed chairman have changed. the fed reserve chairman is not interested in gauging about his own future. listen to this. >> if he asked you to leave, would you go? >> no. >> can you follow up on that? legally you're not required to leave? >> no. reporter: he believes congress is who he answers to and pollings refused to talk about any new policies that might be coming because of president elected trump. >> in the near term, the

election has no effects on the policy decision and here we don't know the timing and substance of the policy changes will be. we therefore don't know what the effects on the economy would be. reporter: fed chairman's term is till may of 2026 and he believes he can't be fired by the president. back to you, david. david: david, thank you very much for that. steve forbes joining me and john carney, bright bart economic editor and coauthor of the business digest. good to see you both. thanks for being here. >> thank you. david: steve, he may not do it and may live with powell till 2016, but could president trump fire him? >> well first of all, powell has to have alessen. the federal -- a less son. federal reserve is not a branch of congress and created by congress. it's not like the supreme court or federal judge. so now in terms of him having a term till may of 2026, but the fact of the matter is if the president wants the fed chair out, the fed chair will ultimately resign.

the treasury department has ultimate authority over the dollar. particularity of american law. back with harry truman had a real fight treasury department with the federal reserve and federal reserve chairman ended up having to resign as part of a peace agreement between the treasury and the federal reserve, which established federal reserve independence. david: what if powell resigns and he says i'm not going to? >> then he would be seen as ineffective. the treasury secretary will be setting dollar policy. it's untenable position and it's also the height of arrogance in the sense it's not about the fed independence. it's about the models they're using on which they base their decisions, which have been universally wrong for a number of years, and that's what they should make the issue. the fed's incompetence. david: jay powell talking about fiscal responsibility and of course some people wonder about the responsibility of the fed to inform congress and the white house when they're not being

fiscally responsible. let me roll that tape and get your response. >> the u.s. fit fiscal federal government fiscal path, fiscal policy is on an unsustainable path and there's a very large deficit at full employment and that's expected to continue so it's important that we deal with it. it's ultimately a threat to the economy. >> where was he? with a rollout of deficit spending of the biden administration. >> we needed to hear from him in 2021 when the biden administration was rolling out american rescue plan and another $2,000,000,006,789 they provided cover that biden administration

needed to keep on spending and now he's talking about unsustainable path and donald trump should ignore him and i think donald trump actually has the legal authority to remove him and i do not believe that executive branch officers which essentially is what he is appointed by the president can serve once they have lost the confidence of the president. i think the supreme court would side with him and donald trump is not going to do that and it might not be resolved till powell's gig is over. david: he has more important things to worry about. steve, whether jay powell likes it or not, we're going to get supply side policies through the great judy shelton that should have been appointed to the fed and nominated by trump and got caught up in a mess in the senate and didn't make it and maybe she will this time. she talked about the way in which the fed will have to. whether they like it or not, deal with supply side economics

on maria's show earlier. roll that tape. that would be good news for incoming trump administration and would d dove tail with a supply side and lowering regulation and i don't like the fed kind of now concerned saying they might have to raise interest rates. that didn't seem to be the path they were on before the ele election. david: yeah, one pollty for one president and another for another. how do you think they will respond, the fed, to the supply side economics? >> i think they will take a wait and see approach. the reason why powell was so in fact belligerent by his standards and has a weak hand and records are rotten and people are associated like david

malpa s and judy shelton and they feared her because she'd ask embarrassing questions about how they operate. david: yes, john, judy went onto talk about the fed staff and how by -- i didn't know the lotio was this big and according to her anyway, 9-1 in terms of democrats to republicans and even democrats though like larry summers admits there's too many woke central bankers in the fed and around the world. how does the trump-appointed team untangle to get wokeness out of the central bank? >> the fed models will not be able to deal with trump economics. they will be wrong all the way through. in part because they weren't built to handle anything like the kind of economics trump is going to propose. they're going to be taken aback. they will not be able to model it and in some ways jay powell is absolutely right saying we don't know what's going to happen with this. they have no idea. they cannot deal with supply side economics at all because

their basic model is very demand focused and they'll raise interest rates to try and stifle demand if they think inflation gets too high. david: could that screw up trump's plans to revitalize it? >> i don't think it will. they'll not have inflationary excuse to come in. if they try to get ahead of inflation by the way, they try to say oh, no, we think the tax cuts will be inflationary. the outrage from congress will be such that it -- that will be a threat to fed independence because they will say we cannot have them setting fiscal policy, which is essentially what they'd be doing if they were going to raise rates to get ahead of trump's fiscal policy. they'd get shut down immediately. >> i was going to say the whole fed model is based on the idea that prosperity causes inflation. david: when is nonsense. >> absolute nonsense and has to be attacked and the federal reserve looks like it'll be obstructionist and first of all the rise in the price of gold tells you there's real concern about the integrity of the dollar and fed is messing up

looking at wrong things. david: and the fed lowers rates and the market says we don't believe you. we think you'll raise them and those rates have been going up. they're doing well and it's bad for the country. david: for a second, you focused on this before. what about something really revolutionary and getting rid of the federal reserve ward, going back to a gold standard and turning the federal reserve into a currency exchange rather than somebody that's setting federal rates, et cetera. would trump will interested in something really revolutionary like that? >> he gets his program in and the economy responds well and we don't have a disaster overseas china or whatever. he'd have the political capital to say we need a real remake of the federal reserve starting with a federal reserve models and have congress hold hearings and getting people prepared and

natural rights approach nate the way the fed operates is destructive to the economy. subpar perform man is the result with the fed in charge. david: my old boss looked favorably on the currency board rather than the federal reserve board and the problem is if you have a pandemic -- not a pandemic back then but if you had some emergency like a pandemic or financial crisis, you need a lender of last resort and that is what the fed does right now. you wouldn't have that? what do you think? >> first of all, a lot of people don't realize trump has legal authority to restore a gold standard. nixon took us off and on his own authority. there are certain things like imf and we have deals with them that say we're not going to be on the gold standard but we control that. imf is ours and we own them. if we change any arrangement we need. we'd probably want to let markets know it's going to happen. i agree with steve. if you're going to make a radical shift like that, wait a little while to let the

prosperity agenda kick in for the political economic and social capital to say we're making it work and can make changes. david: i'm getting a wrap, but i want a quick answer from both of you. first to you, john. what about robert lightheiser being the trade rep again? think he'd be the right person? >> absolutely. he'd get an even bigger job than that and he's been the trade representative and newspapers are reporting that he'll be the leader on trade in the administration. that doesn't mean david: a new position? >> it would be that he could be the treasury secretary, the commerce secretary, but light. service connected a genius and d guy we have in office. david: steve. >> i prefer david malpas just because of his experience and he understands the fed and treasury better than anyone out there. >> i like david malpas a lot too and any position he g gets in would be great for america.

david: good to see you both. exciting times. really exciting times. steve and john, thank you. coming up, in growing numbers we saw this week that voters are rejecting dems woke policies and blue cities focusing more and more to the right on crime and immigration. david webb, gianno caldwell and david webb, gianno caldwell and paul mauro, our all star panel weighing in on that next. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. 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. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management we now return to our interview with the insurance whistleblower. [ distorted ] i just think everyone should know there's an insurance company out there exposing other companies' rates so you can compare them and save. hmm. sounds like trouble. it's great, actually! it's called autoquote explorer from progressive. here, look! see, we show you our direct rates and their rates, even if we're not the lowest. so, whistleblower usually means you're exposing something bad. i thought it meant calling attention to something helpful. you know, like, toot toot, check it out! this thing's the best! no? your business needs a network it can count on... even during the unexpected. power's out!

power's out! -power's out! power's out! -power's out comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. plus advanced security. let's power on! power on with the leader in connectivity. powering possibilities. comcast business. power's out. confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com.

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. david: los angeles soros george gascon lost reelection bid and fox business max gordon is live from l a and it wasn't even close, max. was it? >> no, that's right, david. los angeles' new dea will be nathan hockman and former federal prosecutor and former rep that unsuccessly ran for state attorney general in 2022 and race for la county da, called himself a hard middle candidate and would be tougher on crime than gas gascon and ths a message people in the la area want to hear. >> they're fed up with the fact their homes are being broken into and cars are being broken into and nowhere to go now. the da's office told law enforcement they would bring the cases. >> it's not just in la where

california wants to crack down on crime and proposition 36 passed with more than 36% of the statewide vote with a passage of prop 36 and caught stealing three or more times charged with a felony and lengthen the felony sentence for a mob-style robberies that have been all over the news and social media and what you can see on the screen right now. da george gascon authorizing the reforms and prop 36 establishes treatment mandates and allows drug possession charges and going for them and charges dismissed in a lou of incarceration and the measure also ratchets up the punishment for drug dealers selling certain narcotics like fentanyl and da hockman is an outspoken supporter of prop 36 and giving his office another tool to fight repeat offenders and meanwhile

governor gavin newsom against 36 and vp kamala harris wouldn't say how she voted. david. david: she was mum about that one. max, thank you for that. appreciate it. for more minnesota this, bring in the -- more on this, bring in the star panel and david webb and fox news contributor paul mauro, former nypd inspector and attorney and there's gianno cacaldwell and you worked with nathan hoffmann in la on his campaign. we are up front about that and i want to start with you though, gianno. people of course are talking a lot about inflation and you know all too well the cost of demise in cities and it's hard to disassociate yourself in any way from the horrible event

happening to you and your family but do you think objectively speaking that that played a big role in this election? synergy home there's no question about it. as you mentioned, i started caldwell institute for public safety after my brother was murdered in chicago, and we got involved in the george gascon race and we know going across the country and they need to be stopped. i went all in on nathan hoffmann going for the campaign and ran throughout the county up till election day. yes, for kamala harris, crime has been a big issue. you keep in mind, this is somebody that's ignore it had and going for a crime and trying to brave up a new data on this and shall issue impacting every american and thankfully they saw the signs and decided that we

needed to put to the in office and stop this chaos that's been going on. david: david, the cost of woke policies ask beginning to edge into the political numbers that we saw coming out of the election. we took three cities, chicago, new york, la and you're now a resident of miami and we'll talk about that and 21% of the folks were voting republican. very small. in 2020, a little bit more and 24% in 2024 this last election this week, it was 29.8% going way below and up for the democrats and real change in the cities.

>> in chicago, donald trump captured reality of them going to live without points and the democrats could give a voice and christians didn't have a voice to gianno's point and the follow on wasn't there and no replacement of interest and brandon johnson, illegal aliens telling people awards to segregate areas to put up illegal al indians and under-- aliens and regardless of color and this all came together in the election and people vote their interests and the cost was not just monetarily, the cost was that feeling that i'm not safe, i'm not getting something, i'm working for the remarkable

swing as well. u >> left wing mayor in daniel levine and liberty city and areas literally left well on their own without services and ben carson was the last one to go in there and i was there with him very same day and then the trump administration and he did something to help with his programs. fred rendition of anthony koenen walked away people on the train pulled down and choke hold by penny and going for marine and tragically the guy was killed but again it's this -- we'll see

how this all works out in court and it was killed but the bottom line is it shouldn't happen and that's why we have law enforcement but they're not allowed to do anything about it. all of these woke laws. >> let's review the facts here and it's very, very sad that jordan neily is dead and didn't have to die. daniel penny shouldn't have to pay for it. why? neily was a predicate felon and he's at the real fact and he was odd about it and going to be mandatory and going for them and that's the point and people are living in a fantasy and pushing the woke policies and living in

a fantasy room and going to make sure there's no left and >> the real mandatory treatment and anything like jordan neily that would still be alive were it not for the programs. david: gianno, holding myself back and got to ask you a tough question, if not for the woke policies, do you think your brother would still be alive? >> absolutely. 100%. got to keep in mind, this is a mindset that ' just policy for the criminals and oftentimes know the laws and policies better than every day americans and going for them to get around

them. ? the city of chicago, the prosecutorial rate is low and police aren't oftentimes getting the criminals because so much crime they need 2,000 police detectives to keep up with the crime and murder load. this is insane. had we had somebody in there that was a re-responsible prosecutor, somebody that was even in their previously and alvearies use ago democrat and they complain about her being tough on crime. they allow the path for people like tim fox and ruin the city of chicago by a mayor by the name of brandon johnson and leading to his decline and laurie lightfoot in before him. these policies are causing people to die on a daily basis in the city of chips act. that's why donald trump's election was so important for millions of people across the country because we need law and order a president in office that actually cares about the people. david: david, you talked about

migrant crime before and guy benson, did we have the sound bite, producers, from guy? guy benson was on earlier on outnumbers and he talked about this with regard to deportations at least for the criminal illegal migrant. not necessarily a whole net for every single illegal, but at least the criminals. let me play that and get your reaction. roll it. >> some of these deep blue states look disturbingly purple to a lot of democrats right now. because i think of issues like this in law and order. and prioritizing illegal immigrant criminals for deportation is probably an 80% issue in this country. if the deputies really want to set themselves up as the resistance to that, good luck. they're going to have more losses coming if that's their posture. david: can you imagine them being against that? i mean, they've done crazy things before. have they finally learned that's not going to get them reelected? >> sadly, no, they haven't. they may have lost this

election? a resounding rejection across the country of so many leftist policies, but they've doubled down already. they have teams out there and they've gone back to the rhetoric and the actions, the lawsuits going 214 lawsuits that he's proud of and i get these e-mails and david: a lot of cities around the country and they don't allow the sanctuary city policies and they don't allow the local cops to work with ice to deport people >> a big court bat and will donald trump said he's going to go at

it and expecting to go at it hard and it's a hard fight and i think he can beat that and here's why people behind it. these people who are for sanctuary cities and they're loudest voices but they're not the most common place and not the majority as guy benson said to winning issue, we should do it. david: appreciate you being here. coming up in what could be the most radical shape up of the federal government in decades. president trump will be working closely with republicans in congress. what and how will they develop their agenda for smaller, cheaper, more efficient, less intrusive federal government. we're going to be asking house majority leader steve scalise when kudlow continues. just wane enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. (wife) what about commission- based products? (fisher investments) we don't sell those.

we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different. if you're living with dry amd, you may be at risk for developing geographic atrophy, or ga. ga can be unpredictable—and progress rapidly—leading to irreversible vision loss. now there's something you can do to... ♪ ( slow. it. down.) ♪ ♪ ( get it goin' slower.)♪ ask your doctor about izervay. ♪ (i. zer. vay.) ♪ ♪ ( gets ga goin' slower.) ♪ izervay is an eye injection. don't take it if you have an infection or active swelling in or around your eye. izervay can cause eye infection, retinal detachment,

or increased risk of wet amd. izervay may temporarily increase eye pressure. do not drive or use machinery until vision has recovered after an eye injection or exam. izervay is proven to slow ga progression, which may help preserve vision longer. ♪ ( i. zer. vay.) ♪ ♪ (gets ga goin' slower.) ♪ so shift gears and get going. don't delay. ask your doctor about izervay. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. our advanced matching helps find talented candidates, so you can connect with them fast. visit indeed.com/hire

david: donald trump is planning to massively downsize and defang a federal government that he and most americans feel has become too wasteful and intrusive in our lives. how will he and his allies in

congress do it? bring in house majority leader steve scalise of the great state of louisiana. great to see you, congressman. thanks for being here. we know already that trump's chief of staff will be by the way the first woman ever not that he's -- she's a dei candidate and she's the best person for the job and susie wise going before you and the other members of congress again to coordinate plans on legislation with the chief of staff. >> i traveled with it'll on sunday and the north carolina rally to georgia rally, susie was with ustion on the plane and we talk there and we work together with president trump's team and talking about what we'll do in the first 100 days and i started talking with

president trump months ago about what that first 100 day agenda could look like if we're fortunate enough to get the trifecta. david: list the top three you're going to hit. >> extending the 2017 trump tax cuts. >> some of those expire at end of 2025. we don't want any of the hikes to happen. kamala did and trump didn't and that was a big issue on the campaign and other tax cuts and we'll be working with them on all of those and getting rid of ridiculous bans on lng exports

and other things that are hurting american energy and let's open up our american energy and you take away the leverage from countries like russia and iran and like venezuela and not only lowers the cost at the pump but it takes tens of billions a month away from enemies. februaries in the private sector and drilling sector that the work they invest right now will live to fruition. >> there's other pipelines to build throughout the country, david, and one of the things that biden did and not only cancel lease sales for permits and going for them and we have to open that up and also made it harder to build the we're

running out of time and one is the border and shall is that just a matter of trump-appointed for executive orders doing the same sort of things we're doing and going for them in 2016. david: did we lose him? we want to switch gears now and

president trump was very proud of being the first president in a long while not to have had a major international conflict blowup under his watch. but the situation he's coming into right now is much different with major conflicts in the mideast, first major european war since world war ii and a lot of other problems. joining me now to discuss how president elect will put out these dangerous fires is kash patel, former deputy director of intel and dod of staff. kash, great to see you and thanks for being here. i want to start with a sound byte of general jack keane, that i know you and i both respect quite a bit. he kind of outlined the real crux of the foreign policy challenge that president elect trump has right now. roll tape and i'll get your reaction. >> i think what president trump is really facing that the major strategic shift he'll experience in the four years he's been out of office is the fact that china, rush sharks iran, and

north carolina -- russia and iran and north korea are colluding and cooperating together and they've become so much more aggressive and assertive, but i think what the american people have in mind is one of the things in strong leadership and on a world stage. david: what does president trump have to do to restore that image of america to prevent conflicts in the future? >> the good thing is president trump already did it. >> president trump is the only president in modern history not to start a new war. it'll be a peaceful process and had a phone vault with vladamir zelensky about winding down the ukraine war and discussed headphone call with multiple leaders and you have to do what president trump did and it's no secret and prioritizing the collection of intelligence against our adversary and make

sure we defeat the threat, which is iranian mullahs and number one sponsor of terror and infrastructure and can't do tafanely if your intelligence communities are prioritized with climate change and going with them and the priorities on the boarder and terrorists bringing home hostages and ending the forever wars and that mandate will carry. david: the problem with recruitment for example but i want to go back to the maximum pressure campaign of the first trump administration was very successful. brought the mullahs to their knees economically and prevented with funding terrorism and prevented from working more on the nuclear program and immediately as the president immediately going back to the maximum pressure campaign against iran. >> i think it was a multitude of

things with the full on sanction thing from the mullahs and i don't think the president will fork over another $7 billion like harris to start another world war and he'll talk to allies and adversaries about trade with iran and have a global coalition because we can't do it alone to take on iran and make sure they don't do one thing we can't have them do. , which is achieve a nuclear bomb and they're dangerously close to under the biden harris administration. these next 75 days are critical because iran will hyper-speed what they're working on knowing that president trump is coming in and his allies around the world are going to put iran back in check, and i think you'll see that play book again. david: you talked about the president wanting nothing arkansas nothing more than peace but doing it by strength and same message from ronald reagan and then going for it to be successful and i want to play a sound byte of president trump talking about that on wednesday night. roll it.

>> four years we had no wars except when we defeated isis. we defeated isis in record time, but woe had no wars. they said he'll start a war. i'm not going to start a war. i'm going to stop wars. david: peace through strength and is that a major increase in defense spending? >> i don't know about defense spending but differentiated prprioritization of where the money is going and it's not the number one priority of climate change and dei range and once you take the funding mechanisms off those priorities from the harris biden administration and put it towards recruitment for forces in the army and navy and elsewhere, you're going to see a growing number of people coming in to service this commander in chief because they saw that he executed peace through strength, middle east peace deals and brought home hostages and diplomatically and intellectually wound out of afghanistan to have it obanya fire and president trump doesn't

have to gamble on these and did it and prioritized the intention and defense of the nation and allocating funds to where it needs to go are to the men and women in uniform and give them the tools they need to execute that mission and only commander in chief can dictate that policy. david: it's not just recruitment and the number of seasoned veterans, of seasoned warriors that we lost as a result of these dei. they didn't sign up for dei. they didn't sign up to drag down their capacity to fight wars because of too many training seminars on dei, et cetera. we lost really good seasoned people and how do you build that back? >> well, the thing is my former colleagues at dod whether they're there or left the administration are excited about president trump's return and bring them all back. president trump has applet ragaini of individuals that are season -- a plethora of individuals that are seasoned and can come back whether that or every day operators and

veteran guys and he can return hostages peacefully for the line and going for them and the power and wasp of him on the global stage and he's not the war hawk that these people made him out to be and proof is in the pudding and he had world peace and he'll do it again and david: will you have a role in the next administration? >> it's been the honor of hi lifetime to serve this president and i i'll answer the call any time he makes it. david: kash patel, thank you for being here. can we get to a point where we react to national emergency without panic or politicizing defense tools? we're going to talk about that with florida congressman and a great veteran of our armed fofofofofoforces and mike waltzn

kudlow continues. when a tough cough finds you on the go, a syrup would be... silly! woo! hey! try new robitussin soft chews. packed with the power of robitussin... in every bite. easy to take cough relief, anywhere. chew on relief, chew on a ♪ robitussin ♪

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. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare.

medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could add up to thousands of dollars. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare now and ask for your free decision guide. medicare supplement plans also let you see any doctor. any specialist. anywhere in the u.s. who accepts medicare patients. take charge of your health care today. consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. david: so one thing we learned from the last administration, especially during the pandemic is how dangerous it is to turn over almost unlimited power to the government. how can the new trump administration unravel the excesses of government control

that continue to this day. joining me now is florida congressman mike waltz. great to see you, congressman. congratulations to you and your party on a great victory this week. it was overwhelming, thank god. it provides you with a mandate rather than having these contested election, but did the use of emergencies, the pandemics is the most obvious example and going for climate change to be another one and of course they considered january 6 to be a national emergency and use of these emergencies to disempower the american people and going for the mechanisms for the government control. how does this administration try to untangle that? >> thank yous, and it's an honor to serve the people of my district for another two years. it's a abuse on emergency powers

and one thing that came out of covid was this appreciation for federalism and chec checks and balances on that power and it's been quite interesting, one, to see conservative govern nans really a-- governance assert itself in the state and my state of florida and why so many people are moving here and why it's shifted from being a purple state to a solid red state, and then secondarily you saw in the runup the last couple of weeks and all the accusations of fascism against president trump and against ma gather republicans and when the -- maga republicans and when the exact opposite is true and the legislation getting rid of electoral college and going to stack the supreme court which is the ultimate going for them. there's now a clear mandate to keep them back in the pipe.

david: i hate to use cycle bable and it's that kind of projection and institutions like the department of homeland security and the department of homeland security has in many ways dealing with the boarder and made our country so less secure than it was, that's why people think that the fear that the value of the government institutions has lost their meaning and has lost their purpose and their mandate and how do you restore that in the minds of the american people? >> well, trump received a mandate to restore common sense and parents and kids education and going for the curriculum in their schools and whether that is, hey f you have a issue or have a pandemic or a disease that's only affecting one part

of the population overwhelmingly, you don't lock everyone down and damage as the covid lockdowns did the next generation of kids and just going to transparency and that's what elon musk has been pounding the disable for him and certainly president trump. we need to be transparent for the american people and actually keep and enforce those checks on power. david: what about very quickly and the department of homeland security shutting the damn thing down? it started the reaction in 9/11 and too big a brock seizure disorders and going to keep -- bureaucracy and the only answer to keep it quickly. >> it's all here and the pentagon did ask, doj needs to be cleaned up and i certainly support the committee on government efficiency or whatever acronym elon has given it and it's overspending and too powerful and it's unelected and it's unaccountable. we're ready to get to work. david: a complete shut down for homeland security. five seconds.

>> i think you still need a coordinating function. we don't want to go back to pre-9/11. david: 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.

it's hard to say who'll be more excited on the day after christmas. the guy who got a brand new truck from mom and dad. or the guy who got all the weathertech protection for his truck. like laser measured floorliners... the under seat storage system... no drill mud flaps... impact liner with shock absorbing rings... and top it off with the alloy cover. find these american made gifts or get a gift card instantly at wt.com.

(♪) (high five) it's time to grow your business. time to get customers. time to make your future, now. create a website in minutes. how? godaddy. coding... nah. but all that writing? nope. ai, done, built, up and running. you have what it takes. now take it to the next level. create a beautiful website in minutes with godaddy. let's get to work start for free at godaddy.com municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-763-2763.

we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763.

so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. david: thank you all for watching this special edition of kudlow. have a wonderful weekend, but don't go anywhere. before your weekend begins or maybe as it begins, watch liz macdonald who's upright now. liz: yeah, david, give my best to your wife. david: thank you so much