tv Kudlow FOX Business November 11, 2024 4:00pm-5:00pm EST
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buying at the high and boeing is here and hammered and you say this is unloved name and go for it. >> you've got air bus and boeing. who else do you have and all the problems with boeing and there's a no name. u.s. manufacturing and what does mr. trump stand for other than promoting u.s. manufacturing. liz: last name necessary lee down 2% year-to-date. that's gone 20 do it for us at the dow record.
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reporter: larry, the trump 2.0 team coming in and the historic pick of susie wild and president elect announced tom homan is the border czar for those crossing illegally under the biden administration and lee zeldin will be head of epa. the president elect deregulate in a way to unleash american business and keep a clean environment. here's lee zeldin minutes ago. listen to this.
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>> they're forced to cut costs internally and they're moving overseas together to be able to bolster liquidity in the american economy and where strive and grow and export and producing in their jobs for the companies themselves. reporter: elise stefanik was picked to be un ambassador and we expect more picks in the coming weeks. >> it was the nio con mongers and seeing them in a constant state of war and going to support feeding the military complex and resounding rejection of the washington establishment that puts their own power over
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the stress of the people. reporter: the cabinet members busy in the first several weeks trying to fix what they say the biden harris administration broke. larry. larry: edward lawrence, thanks very much. all right, so markets are applauding the policy mandate for change and that's the suter for the riff. president trump landslide victory winning popular and electoral college votes represents a signi mandate to cs virtually across the board and one of the key policy changes clearly the economy. and now i keep reading they're going to cause higher inflation and do damage to the economy.
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one of the best barometers in economic confidence in the future economy is the forward looking stock market. on wednesday, november #, stock market registered largest rally in history. mr. trump is avid follower of the stock market and i can attest during the first term when almost any time i went into the oval, no matter the ageneral darks his first question to me would be about stock market. all these noble prize winning economists keep telling people how bad trump policies are. the stock market begs
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also, interestingly, the gold prices falling more than $100, which is a vote of confidence in the trump dollar. many occasions during the campaign, president elect talked about keeping the dollar as the world's reserve currency and generating new economic incentives for private investment and economic growth and would add to the trump dollar attractiveness. yesterday mr. trump appointed tom homan as the new border czar to identify and deport terrorists and public safety threats. enhanced public safety acts like a tax cut on the economy. reducing crime in cities and
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businesses and families and their schools and mr. trump intends to act swiftly on that front. there was no inflation. joe biden kept tariffs in place in his term but there was mammoth inflation. mr. trump may oversea tariff reductions for some countries and tariff increases for others. one place he'll probably use tariff negotiation for a non-trade issue is mexico. look for president trump to restore his remain in mexico policy, which was a big success in the first term.
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other part of the deficit reduction could come from the elon musk government efficiency conversations where the green inventor is talking about at least $2 trillion in lower spending along with creative ways to turn federal asset holdings into revenue creating enterprises. leave to elon. looking for markets clearly telling us and going for us and quit their belly ibraming and give the new president elect a fair minded chance. that's the riff. all right. congresswoman claudia tenney two of the greatest of the great and
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going for them. going for them and i'll go to claude why first. and i'm so tired of all these nitpickers. the liberals and lefties keep on nagging and nitpicking and going for them and belly aching and going over the same thing and what does the stock market know that the geniuses on the front page of certain newspapers can know and >> they've been knit picking forever and what he did in 2017 in office was incredible and we talk about this nonstop and continue to talk about it
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and you mentioned something that was a huge point for me with core names and big companies founded in my district for new york. well transfer that companies are holding overseas and it was enormous and tax cuts cost us money and we had growth. tax cuts costs more revenue and huge revenues and record revenues coming in because of tax cuts and because of districts like mine when # 5% of the people got a tax cut and most people go to work in a small business and all the others were a tremendous ben fit and growth and more jobs and more payroll taxes and more income coming into the government and the problem is the democrats came in and wasted all that and we had a pandemic and unfortunately all the spending eviscerated some of
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that. but can you imagine what the economy would be like today if we didn't have the tax cuts in place and that's why i'm so proud to serve opportunistic powerful ways and means committee and that's the focus and we have a lot to do in the first 100 days of the united and june fioed government. i'm really excited and hoping i'm going to be working with byron donalds over the financial services committee. stuart: we'll all be working with byron donalds. larry: he spreads his wings wide and he's influential. not only is the stock market i noticed one one of the shows and they're asking you about it and enemies within the list and tax cuts and deregulation and american success is the most important metric and add to that or amend that and mr. trump said
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success will unify the country and bring the country together again. here's his platform that the voters clearly wanted >> he's focused on the american people and getting the job done for the voters and we're going to get to the bottom of that and look at our former colleague lee zeldin and my former mentor from congress and now head of epa about the deregulation side of the america first agenda that's going to be critical. we got to be energy dominant and got to be able to manufacture and do the necessary mining here in the united states so you have to squeeze the regulatory environment up here on capitol hill while in claudia's
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committee making sure that tax revenue in our country makes sense to bring companies over here to the united states to let people earn more money, keep more money allowing our economy to grow. you bring those two things together, larry, the revenues in dc will rise but then also our economy will grow even faster. cutting spending and wasteful departments and that's how you get the nation back on track fiscally while keeping the american people at the forefront of our economic success. all of that to be brought by donald j. trump. larry: worked for reagan and trump tax cuts and part of it is growth and part is less tax avoidance and corporate tax,
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part will be re-patuation of overseas care and it worked. these are factoids and not just making this up. these are factoids toads but nobody pes to write about it and people want to write about the enemy within. he's writing about the enemy within and trump will use the worst kind of fake news and democrats lie and they got snookered at the polls and i love this. hear's kamala harris and her democratic allies talking about the enemy within and military going after enemy and she's talking about tram subpoena a fascist and tram subpoena a hitler and by the way, trump is
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out there beside the fact he's going to the al going for mcdonalds fries and trump out there talking about, wait for it, tax cuts, deregulation, energy dominance. trump is saying we have a problem and i'm going to solve it and she's saying this other guy is a fascist and i'm going to beat him. guess who won. >> there was a collusion hoax and everything from impeachment and all the way through that and everybody tried to stop him and deep state went after him and trump could have done all kinds of things and referred hillary clinton, peter strzok, lisa page and he did not do that. who's the one that didn't make
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enemies list and didn't prosecute people and committed actual crimes? instead of using all these people, these state operators like in georgia, new york state, the shameless, shameful, shameless letitia james trying to take trump out now and those people actually, letitia james needs to be disbarred removed from office and this this kind of behavior out of here and i'm a member of the new york bar. it's shameful. i love what trump is doing and lee zeldin is an outstanding pick and elise stefanik is outstanstanding and tom homan is going to be amaizing and he's one of my constituents, and i'm really excited about that . larry: byron, last word. i like all these appointments and i like them all very much. in some ways, i think mr. trump's best one and i don't need to downgrade others. susie wilds. calm, collected, cool headed, brilliant, ran the most extraordinary campaign. remember, everybody said you couldn't put a cam tiana
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together. he was this and he was that and she was this and she was that. she did it and had a lot of help doing it and had a pretty good horse to ride. i think she is -- remember this, trump hates women. republicans don't like strong women or whatever that goof ball said, the billionaire. mark cuban. republicans don't like strong intelligent women and mr. trump's first appointment, first appointment, right out of the chute, byron, susie wilz. i know you know her from florida and elsewhere. everybody knows susie. to me, that's a very brilliant appointment. >> larra i susie wiles is the general and articles and calm, cool, collected and talented and
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she'll do a great job for president trump, and number one thing is, she's going to mike sure everybody's focused on the america first agenda, getting it accomplished, making sure white house and the federal agents are doing their job and coordinating with capitol hill to make sure we get the job done here. she was excellent pick for president trump and people of florida know if susie speaks, listen up and they'll realize that real soon here on capitol hill. larry: you know, byron, claudia is talking about all the new york people. what am i, a potted plant? chopped liver here on this set? >> you're great too, larry. you're great too. larry: this is my pal claudia. can't believe she'd dumb me this way. thank you very much, congressman byron. >> we all love you, larry. system of articulation larry: right back at you. byron donalds and claudia. coming up, the senate gop leadership race and can tell us where when kudlow returns.
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larry: we're joined by tommy tuberville. >> rick scott on the show and also had john cornyn on the show and thune hasn't been on the show. senator, what's you thinking here. >> looking for new blood and ideas and new ways to do things and somebody that can work with president trump and that's the main thing. we've got to be able to communicate with white house rick scott was a professional in the business and before he became governor of florida and knows president trump very, very well on the same page and
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decided to go out and pull a string and put my word if nor rick scott and see what happens on wednesday. larry: a lot of people coming out publicly for rick scott. it's kind of -- i'm not going to take sides, lord knows. it's not my business, it's your business. i'm going to say it sounds like people want a new model, that's what it sounds like. we've seen the old model with the advent of mr. trump, it's time to go out and just get the brand new model if you will. >> you're exactly right and somebody that's new and has different ideas and made decisions before, larry, but also can bring people together. chuck schumer is going to try and slow everything down and put the brakes on and rick scott will fight back and have new ideas and get everybody together on the same page and we'll have to do that because these people
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will not quit and they'll come after us every day. larry: even now with the massive landslide and knit picking us to death and getting worse and worse. i have one question, some mention by trump people >> you're exactly right, larry. some votes two or three hours under schummer and sit around and whittle our thumbs and do nothing. put a limit on time for votes and show up and vote and get on to the next one. we'll have 53 senators and only take as 1 to get a confirmation -- 51 to get a confirmation and we can do a lot of work in short period of time and recess appointments same thing. i'd like to do them the way we suppose to do them. do it the right way. recess appointments would be fine and a lot of people going
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to need to be appointed in the next few months after president trump gets inaugurated. larry: deputy chief of staff and policy, seussy, what do you think, senator? >> all star staff. great crowd. you know, i just -- i'm excited about it. i'm excited about the economy. look at the stock market, larry. read scott bessit's wall street journal article yesterday and put it right on target. our rocket ship is getting ready to take off in our economy with president trump. larry: the skeptics continue but mr. trump looks at stock market a lot. that was the subject of my riff this evening. he loves -- stock market is giving him thumb's up. a story from the washington times, carrie picket.
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this was last thursday or friday, friday's paper. tbi brass stunned and shell shocked over trump reelection. this is a wonderful piece. stunned and shell shocked. you know what, that almost brought tears to my eyes. i thought a lot of agencies stunned and shell shocked, and it is time for a change. we have a mandate for change on policy. we have a mandate for change on regulatory issues, national security crashing into trump's mar-a-lago and political weaponnized and you know better than i, sir. >> we should go after lawless people, larry. this lawfare was ridiculous going after the former president of the united states. it was all set up and they're not going to quit and going to
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continue to go after president trump and i don't know what they have planned for the next two months but what, 70 days to inauguration and come up with some kind of plan. the fbi, the cia, the one that i am sick and tired of is the irs. they're weaponnized and going after republicans right and left and farmers, larry, it is ridiculous what these people are doing, and they're doing it by not going by the law. they're changing the rules themselves of how they're taxing people and going after people's money because they need more money. larry: the fbi raided roger stone's house in florida for no reason and all they had to do was contact his lawyer and they would have got whatever they wanted. instead they had a flamboyant raid and let cnn know about it and you tent tell me that stuff is even handed and it wasn't left wing weapon sized lawfare.
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just like mr. trump in mar-a-lago and crazy people that are stylette out here in new york city. we need a change in the law enforcement agencies and the national security agented seizure disorderses. really, does a mandate for change add to this landslide? i wouldn't waste time or let the grass grow, sir. >> looking down the barrel of a gun, larry. we got lucky -- well, not lucky but president trump earned this win because he worked for it and people trusted him and trust him a whole lot more than the crazy democrats, and i'm looking forward to working with him. it's going to be a lot of fun, he's got a lot of work to do because they'll come after him and they dug a hole for him and he'll have to get out before they can make progress going forward. larry: thank you, senator tommy tubber villanueva. coming up -- tuberville. stock markets are soaring and gold is falling and language term interest rates are falling
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victory in the stock market rally continues. well, hell of a move, 2,000 plus points and joining is now, scott bessent, key square group and senior trump economic adviser kevin hassett and former caa chair and trump economic adviser. gentlemen, welcome. scott bessent, you know, this rally has gone on quite awhile. we basically have a solid week and stocks are galloping at a
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record fashion. i love that, scott bessent. are you loving that too? >> larry, i'm loving it. like you said, the market is going up for all the right reasons and the other thing that's happened, you talked about commodities and stocks and long term interest rates have come back in. for your viewers, government spending this is the growth
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shock and interest rates are going down and dollar is going up. i spoke to president trump on friday and he's like, scott, what's with the dollar. i said, sir, the dollar loves you. we keep increasing after tax return on u.s. assets and it's going to keep going. larry: kevin hassett, all the goofy stories in "the wall street journal" and there's one daily in the new york times and one daily in politico. it's great fun. that's a matter of fact.
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you spelled it out and all kinds of people spell it had out. they don't talk about the thing that scott mentioned and i mention it all the time. elon musk is quite serious, not only does he like -- would like to lop off $2 trillion of unnecessary and efficient spending and he's exploring in the transition team with many ways, clever ways to take federal assets, federally owned assets and make money from them. you can have sale and lease backs and all things to do and clever things and only things that elon musk can invent, spaceship wise. nobody wants to talk about the musk factor in bringing down the deficit, ken. why is that?
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>> people are really, ragaini ellie focused like a laser like getting the work done and i can remember when bill belichick was onto cincinnati and president trump won and there's an enormous amount of work to do and markets trust that president trump and his team are going to be able to do that work but now they have to prove it. that's the as hard as we've been working for the last few months and getting harder over the next few and we've got to have a big, big supply side tax bill that reduces government spending and we have to have that by the summer. larry: by the summer or the early fall. it'll come down to reconciliation, which typically happens syme in september and need only 51 votes. going for them at personnel and going for them and massive long
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article today in wall street journal and that's why the stories keep popping up. >> i do. it's all this nick timmeroux and doesn't know how to cook and he stirs the pot. he's trying to create. jay powell failed the american people and had the greatest inflation of 40 years and he is going to exit the stage in may of 2026. plumb will have a list of five fine candidates, who the market will be happier with than jay powell.
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larry, the other thing, not related to your question but i wanted to interject, in the past 24 hours, i've had conversations with the two leading venture capitalists in america who are not elon musk. i think of the three of us as kind of the three horse men of the growth economy, and these -- both of these two were so optimistic they said, if we get this right, if we get the deregulation, the energy, and the technology ai boom happens now, the 3% growth is way too low. they were talking numbers that ha6 in terms of real golden age going for the incredible boom and right policy mix with them.
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larry: kevin hassett, i'm sure you agree with me the 1890s and guilded age and not a good tv show and great economic period in american history. kevin, i wouldn't mind though, prices, prices never seem to fall for middle income people. they never seem to fall for low income people. you know, there's still a legacy of higher prices. now, mr. trump's policies work out particularly on energy, we'll see lower prices. but i don't know, i think the fed, i worry that the fed may be lungeing too soon back to easy money. i don't know what you think. i don't want to see inflation going up in six or 12 months in donald trump's first year.
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larry: moving right along, ben shapiro and cofounder of daily wire. ben, thank you for coming on. appreciate it. there's a lot of speculation that even in his first week in office president elect trump, not exactly in office but president elect, that we're seeing progress overseas, okay. perhaps hamas iran, qatar trying to kick hamas out of qatar. some talk and tone calls from the palestinian. i don't think i'm buying it and they should get ready for a change. going for peace quite yet, ben shapiro? >> they certainly know there's a new sheriff in town. know what the conditions will be, any agreement that gets cut, they know that conditions are shifted with donald trump that he's no longer running away from allies like israel, no longer trying to curry favor with the iranian mullahs and attempting to slow walk aid for israelis in
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the middle east and ukraine and russia, no longer going to pour money into a stagnating quagmire and president trump is the most efficient and effective user through peace through strength of my lifetime and not old enough to really remember reagan and fact is that the president of the united states has used credible threat of use of force, threats of tariffs. threat of american power to greater effect than any president in modern history. larry: ben, there's reported three phone calls between prime minister netanyahu and president elect trump. i fervently would like to see netanyahu finish the job -- i don't care what hamas spokesmen say or don't say. i would like to see israel simply finish the job with hamas and hezbollah. what do you think? >> that's exactly what president trump is going to pursue here. what president trump doesn't want is a continued percolation
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of conflicts, particularly in which terrorists are being preserved by american structures on israeli military force seen under the terrible policy of biden administration and president trump i'm sure is going to wantize real to move -- want israel to move hard and fast and destroy the members on the terrorist states and going to say president trump and going for them and consumer on the same page on that. larry: regarding head of the snake, iran it's time for all forces out. bankrupt them again, stop the oil, stop the commerce, stop every bloody thing. full scale. no more appeasement, full scale, stop all of their trading: china, russia, whatever. if they don't, they'll pay the consequences, ben. >> the president wants to choke off the iranian economy and when he was president, they were broke and couldn't spread all
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over the region and he was right and the president was responsible for the abraham accords bringing saudis into the abraham accords and requires weakening the irans and make sure they kent threaten israel and saudi arabia and the president trump made it clear what american policy will be on iran. the time of conceptions and time of weakness is over. time of strength that president trump brings back to the office has returned. larry: full scale, last one for you, full scale blanket and could bring the saudis into the abraham accord. it would be a very big deal, would it not? >> biggest deal in the middle east si since the six day war fr the abraham accord and transformative of the middle east and abraham accord has been and it'll be more. larry: thank you, ben. come back very, very soon.
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folks, coming up next, we need to remember the importance of today, which is veteran's day. we're going to talk about that with a veteran, texas congressman and veteran wesley hunt next up on kudlow. ♪ nfident. 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. we are on a mission to visit every national park in the states. we've done a lot, but we have a lot to do. when i was diagnosed with skin cancer, i was told that mohs surgery was the only answer. i just didn't want to go through all that.
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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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larry: we're joined by texas congressman and military vetted ran on veteran's day, great friend wesley hunt. wesley, veteran's day. it's getting some coverage in some places, i know on fox we're covering it. i see a wack koenen demonstrators at columbia demonstrating against veteran's day, which is appalling, we believe in free speech. you're a veteran, distinguished veteran. tell us about veteran's day to you. what does it mean? >> veteran's day is for me and my family the most honorable day of the year. my dad's retired cer colonel, my sister a retired colonel and west point grad for all of and yous at one point in 2006, we were all deployed to iraq at exact at the same time. it's not just my family, but there's thousands of americans that lend their sons and daughters to defend this country against all enemies, both foreign and domestic. i got to tell you, we live in a
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country that honors that day, that honors the eleventh day of the length month of the elevenths month, armisttist day and it's remembered for the greatness of the country of people willing to serve and fight for her. this day means everything to me and my classmates and friends and buddies and friends that are still serving and are serving abroad. i thank god for them and thank god for the sacrifice, and i thank god for country that's willing to honor them. larry: i say amen to all that. my dad was in the army air corp., in world war ii. he was a navigator in the european theater, german theater and so forth. my wife, my saintly wife, her father was a full bird colonel in the air force for retirement and many of her relatives. you're talking to the choir. i think it's a value. we can politicize it and you and i are both in favor of peace through strength.
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but celebrating veteran's day and, you know, later on in the frame we celebrate those who gave their lives on memorial day. these are values. you know, these are the heart and soul of our country, wesley hunt. >> yes. these are values that now we have president trump back in office, we're going to return back to peace through strength. we're going to get rid of the dei stuff, we're gone ma make sure we have higher recruiting numbers, we're going to find the young people that want to serve this country regardless of your race, religion, color and creed. if you're seeing it already around the world, veteran's are in a better place. veterans are safer. president trump wants to create a lethal force, peace through strength and create a lethal force and nobody wants to mess with us and our allies so we don't have to be used but if we are, we're the best fighting force in the entire world. i'm so glad president trump won this election because he's going to bring peace throughout the entire world and i have a broad, broad prediction that by june, we'll see world peace.
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larry: yes, sir. yes, sir. wesley hunt, amen to that. patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf.
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