meet the traveling trio. each helping to protect their money with chase. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours. larry: hello, folks. welcome to kudlow, i'm l arry kudlow. president trump picking

a-list team of reformers to its cabinet, with a new announcement today, question is, will senate help him confirm them? senator eric schmitt and tommer turnerville on that and senate g.o.p. whip john barrasso later on first up jacqui heinrich live at white house. reporter: we have another one. dr. oz has been nominated to head up the centers for medicare and medicaid services, that came in to my phone. in the day we heard that trump transition co-chair lutnick will be next commerce secretary if confirmed by senate, a big job made bigger he will be in charge of implementing the trump tariffs, treasury secretary, will plan a role, we don't know who trump's nominee for treasury will be just yet. we thought we were getting news in the day, about who

will head up fbi, but jd vance deleted a tweet saying that trump sinister viewing candidates for that -- is interviewing candidates for that job, ja vance is meeting with nominees like tt gaetz and pete hegseth. to get nominees through starting in meetings on hill this week. trump giving press a chance for resit, telling fox digital committed to working with media, including those who treated him badly, former t nemesis. >> he will be the president, if you could meet with him, meet with him, that to me it fno people said why would kamala harris go talk to bret baier. on one side, she can talk to bret baier but on the other side he should not vi

come on "morning joe"? reporter: trump's thinking is: >> the current president, had no engagement with the press, he is on his way back from two summits in south america. that ended without a press conference. without even a shouted question answered, pool traveling with him was screaming at biden, as he boarded air force one to return to washington. trying to get him to say anything. >> is there a media honeymoon in house press room, has tone changed? less hostile are you are there all of the time, what to you think. reporter: we have not had many briefings, since the

election. and so i guess time will tell, i think that one thing is clear, that all of these outlets, who have covered trump in past, the election results showed that people voted for him, and throwing rocks at trump, is not a good business strategy. you know all of their employees are going to want a reset as well, we will see as if you know administration new administration comes in takes shape. larry: all right great stuff jacqui heinrich thank you. appreciate it. >> howard lutnick will keep america first. that subject of the riff. so, many congrats to old friend howard lutnick nominated by president-elect trump to be secretary of commerce department, he is a strong trump supporters a friend of trumps for many years, a strong trump campaigner and fundraiser. he has a tremendous success record as ceo of wall street firm cantor fitzgerald, and

co-chair of president's transition people. he has done yeoman's work generating lists of tier one top candidates for positions in new trump administration. mr. trump called howard a dynamic force on wall street. you can bet that howard lutnick will be a bulldog in defending american business in world, he is a strong believe i believer of america first, he will be a strong advocate to remedy unfair trading practices directed at u.s. and support mr. trump's use of tariffs, when appropriate, world trading from is gross en -- trading system is broken, major changing partners, have sessio higher tariffs than the u.s. yet nothing has been done about to by world trade organization, itself is

broken. mr. trump is a master negotiate or. who will will not hesitate to use tariffs in search of reciprocity or punish country who keep violating trade -- trade dials, a lot of economists keep tell us that tariff inflationary there is scant evidence of this. his first term mr. trump slammed tariffs on china, there was no inflation. at worst tariff related inflation in certain areas might be a one time short lived affect. but importantly, u.s. cannot give away crown jewels, of the advance technological innovation, cannot allow intellectual property theft or forced trapght fo traptiotransfer of technology.

tariffs may be necessary, lutnick agrees and will be supportive. howard is a supply ci side guy, and push hard for trump tax cuts and believes in dynamic scoring, of the growth incentives from lower tax rates and the revenue feedback that has been proven all these many years even though officials score keepers like cbo or ch joints tax committee did my fact that revenue surged in years after the trump tax cuts just as they did after the jfk and reagan tax cuts. all this commence howard lutnick as commerce secretary there is one more important point, when terrorists slammed to world trade center towers in 2001, 658 cantor fitzgerald employees were killed, howard of the not at work that morning, he was the

taking his son to kindergarten. in the years after the awful terrorist attack, he not only rebuild c cantor fitzgerald to a wall street power house but he took great financial care of all of the families whose loved ones were killed in that dreadful terrorist attack. i interviewed howard many times, following that 9/11 attack had. and we talked about what he was doing for the families howard lutnick has man many accomplishingment in business and now forth coming in government, i believe what he did in support of post 9/11 family tragedies will always remain his single greatest achievement. good luck to howard lutnick, that is the riff. all right. joining me now alabama senator tommy tuberville, missouri si senator eric

schmitt. welcome to the show. senator tuberville, howard lutnick, he will be a bulldog for america at commerce department. what do you think? >> no doubt. i had a chance to meet with howard a couple weeks ago in new york. giving him my input on a few cabinet nominees, he has done aio mac yeoman's job, this is almost impossible job of putting this many people together at one time. we is not just a great be person but he is a great american, he believes in this country, that is what we need working with president trump, someone that believes in america first. hit ground running and he will do a great job. larry: senator eric schmitt. point i made, on tax cuts, i think tax cuts in big reconciliation bill probably

take up a lot of your time in the first year. first coming year 2025. of the second trump administration. one thing i don't want to let this slip by, i know senator tuberville agrees, but, the revenue feedback, the economic incentives lower tax rates creates tremendous growth which in turn will throw off revenues far greater than so-called stat economic models, we have seen it for longest time. when i worked for reagan in budget office many years ago, they would not allow for reagan lower marginal tax rate bus revenues exploded it was freuh back true in the jfk years, trump's tax cut in 2017, you look at baseline that cbo laid out and revenues today not close, revenues twice as high as they were estimated, i'm glad that howard lutnick and i hope that next treasury

secretary, believes in revenue feedback and dynamic scoring models, and i think you know you all in senate you have to push this, it is important. for getting though the trump tax cuts passed. >> i agree on join economic committee we have a discussion today about this very thing we'll have to be able to articulate hig how it matter to real people, you are right, broad base t tack tax revive you see revenues rise and people keep more of their money, we saw that in 2017 with tax cuts, i think telling american people what so line, the tax cuts for middle class families need to be extended to be made permanent. and small businesses, not c- corp. they receive a tax cut for first time under that bill also. we havic to to make

sure we're doing right by them. larry: you know senator tuberville, i think you got to rough up the cbo and joint tax committee, i am saying it in a mitt m metaphorical sense, i am. the. take a look at what they said would happen in 2017. and then in 10 year win toy, window, we're not past that this is 24. take a look at actual. the actual is vastly greater than predicted. i don't want to and end all night on this but something that to push that crowd around because they are always wrong, and they might just sabotage the trump tax cuts. they tried before, senator tuberville. >> the truths is what we need to lock at, you are right. -- look at every right, keep pushing what works, people down understand we try to

invent the wheel up hir here, we don't need, to we know what works we know what does not. we have seen tax reform, we need to get it done quickly. we need too get regulations out of the way, and tax reform done, and eric say the permanently, we need to help american people put money back in their pocket, the truth is something we have to stay with and understand that facts are there. larry: by the way, on this point, i'm put this in. senator mike crapo will be chair of chance committee, a small man, i have talked with him, senator eric schmitt, there is a current policy baseline. i don't know if you are familiar with that, cbo using current services baseline, their long term estimate. you have a popular policy that is built in to the

budget for for forever and ever, a lot of people think you don't have to rescore, that you know who used that principle, barack obama. you got to talk to mike crapo about, that there is precedent, and way, fellows -- >> larry, that is a great point, to keep in mind also, the democrats opened door on this reconciliation process that means if you have house and senate and white house attackattack relate and tax related budget related you need 51 votes, they push envelope to that with inflation reduction act, we have an opportunity to ito inregulatory reform in tax cut bill if there is budget savings, i intend to push, that i believe it could be a boon for the economy. larry: i love that you know,

including permitting reform could work its way in. now playing trump tape, i believe from his victory speech. hang on. >> america has given us an unprecedented and powerful mandate we have taken back control of the senate, the number of victories in the senate was incredible. we have you have some great senators, and great new senators. and it also looks like we'll be keeping control of the house of representatives. [cheers and applause] larry: all right, promising made, promises exiptd. comment, tuberville i am worried about matt gaetz and pete hegseth, i know there is opposition, i am worried about matt gaetz you have the world of a convicted

felon now in his serving out an 11 year prison term, right now. and his two prostitute lady friends. they seem to be the principle attackers for matt gaetz, i don't know everything that there is to know about this, i spend time with mollie hemingway a brill i brilliant journalist, who wrote about this i don't think a lot of people in senate want matt gaetz because he is a tough minded conservative. who will protect donald trump. from any kind of nonsensical lawfare and weaponization, you know. russia, russia. and all that garbage, what do you think, what kind of shape is the t is -- matt gaetz thing. >> in no matter who president trump picks media will hammer them every day, we have all been around long, if you are a republican, you have to fight your way through all this. if you remember, clearance cler clarence thomas

and bret c kavanaugh, they are all rumors, we have to look at facts, we have to help president trump, he will not pick a criminal. he will i ha vet everyone, i long for look forward to working with them. and backing them as long as facts are there. larry: senator, will matt gaetz get a fair hearing, i know he will did office to office, as you know he served to judiciary commit first his many terms, he is a sharp tongue conservative, i don't know. allegations seem to crop up, the justice department the weaponized lawfare justice department, of joe biden and merrick garland, that originally put this stuff out, and sir, they koofn couldn't find anything they dropped changes that tells me there is something fishy, the question, does

matt gaetz date get a fair hearing. >> i do, i may be more bullish on this i believe that president trump ran on idea that he and a band of disrupters would come to washington take on permanent washington and reforms we need are not just legislative, they have to come from you know change agents there are leading agents, i think that president trump has right to pick the nominees that will go in shake it things up. in no one should be surprised by that when it is you know. pete hegseth or it is matt gaetz or whoever, president trump deserves opportunity to have a department of justice that goes after some corruption that has taken place, i look forward to the hearing, i think matt gaetz will show well. in that hearing i think that people right now, washington is you know one big sewing circles sometimes, and people are pearl clutching

but the agencies need disrupters? >> larry: senator tuberville, with pete hegseth, charges were settled years ago, nothing happened. if anything, pete hegseth was attacked. lawyers crop up, they just happen to be democrats. lawyers finding reasons and women, "me too" move. , nothing happened now "washington post" running stories about pete hegseth there is no finer person than pete hegseth i know him, you know him, dej cdpek i'm saying, pepete hegseth is good. >> our military needs an overhaul, we can't wait, we are looking down barrel of a gun of a world war with russia because what president biden has done, we have told your military get back to the -- we have to take control of our military

get back to nuts and bolts. that is a strong for fearful. larry:ure you are better than thomas jefferson. >> put it on my tombstone. larry: i can attest to it senator eric schmitt and senator tommy t tuberville. >> we have stick i inflation and jwould looks to be wrong -- we have stick i inflation and j. powell looks to be strong again, we have breitbart's john carney and david malpass, you can catch c kudlow monday through friday, 4 prelimi p.m. here at fox business, if you can't get us at 4 text your favorite 9-year-old and she will show you how to dvr the show, and you will never miss a supply side revenue generates tax cut.

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larry: it looks like j. powell is in trouble again. i will make a forecast, and bring in two experts. forecast, december fomc meeting that fed will not cut rates any more, they

should not have cut them before, the inflation may be creeping up. there. i said it. john carney breitbart economics and finance editor. and david malpass. smart guy, former president of world bank group. john carney, i am telling you i talked with a distinguished super fed watching today. he said powell is wrong again. numbers have not moved in months. 2.7 to so-called consumer deflate ir, 3.3% on core cpi. not moving in the right direction, powell is wrong, he should not have pushed rates down we have said it a million times. will he admit it, pullback with no rate cut. >> i think he has to. it, it ridiculous they backed themselves in to a corner they should not have cut in november, definite not in september but 50

basis points they had no point but to cut gain, i think they will back away from december, i will try to say, it was new data coming in. but that is a lie. the data was not that good. in september, when they did cut, they should not have cut then, they will back off. but that will be politically troubling for them. because it will look like they cut right before the election, trump comes in and suddenly they said no wow, no more cuts. larry: they will take heat for it a semi boring topic in the middle of trump appointments. core cpi has been stuck. not coming down. and the personal consumption deflate ier top line and choir. core, target is 2, there is nothing wrong with going

below targ get for a while, middle class people faced with 20% price hike. what do you glng think. >> it is not boring people care, the core is stuck that and i think because we're not producing enough. trump comes in, says we'll produce a lot more energy, that really will move the needle on core inflation, you have to get it started. biden is doing all he can in last two months to screw it up, with the you know, in israel holding them back in ukraine expanding the war. larry: is high is he pushing out more spending money, i did not read it carefully, as much spending money as he can. >> that is right, they said allocate everything, not only for ukraine but to in pass backs that the budget jargon preparing 2026 budget, and with full

spending, you know, no november, and december, that is 1/6 th of 6 trillion dollars, they spend a trillion dollars as lame ducks, trump saying we'll have a blue collar boom, that is can ac accomplished by reducing regulation, and reducing taxes more energy, it can be done, it is straight forward economics. larry: i don't want the fed to set him up, with a higher inflation rate in first 12 months. >> you are right. larry: that is bad money. >> you are right. larry: the rest, if you get energy reforms terrific petroleum bre spreading far and wide. >> hopeful thing that just happened, with homebuilder sentiment soared, b better than expected. homebuilders are excited by

trump presidency, said that a this is because of election. people are planning on building again be that will go a long way to bring down inflation, because one of biggest parts of inflation is rising rents and home prices. >> on this th th subject, real clear politics tips survey of consumer confidence overall, went way up. way up. post election. people are welcoming trump. >> people feel better about the economy, some people say, that is partisanship, republicans did not like it you know those surveys actually show that people's behavior are affected people will actually vist more -- vistinvest more and feel better about consuming they are not worried about the biden economy and all of regulations coming. the break from regulations, that news we're not going to have ever escalating

regulation is a huge juice to the economy before they do real changes. larry: david, i pressed on senators this will be a theme of mine, moving to new year and trump tax cuts are put out. they have got to just climb all over the official score keepers. history shows lower tax rates, and the incentives to work invest and soy so forth and build buildings create stronger growth, high are revenues, and also art laffer's point, you get less ttax avoid an answer enance at lower tax rates, we pay individual tax rates everyone is going to benefit, and i'm saying, there will boost revenues but they i try to s sabotage it. >> they are trying regulate small banks here at end of

year with with the b basil 3 award, what bank regulation is stopping small businesses from getting money, your llc is going good, but a lot are not. that can be changed. part of blue collar bloom is to say -- boom is opposite of washington getting jobs we want jobs to be outside of washington that is why trump has hit a popular ca pop cord talking about downsizing government. larry: you are right. >> i have a proposal, they need a team b at cbo . let them compete. each come up with a model and project it whoever wins at end of next 10 years, they get to be team a. larry: that is george papa bush cia created that. >> idea was this is what --

>> pretty good for a youngster. >> let's fix cbo. larry: that is interesting. . >> a full upheaval. 8 art laffers on the time, david malpass you can be wrong, john carn i from breitbart, coming jack smith and joe biden u.s. attorneys might think about getting out of the building right now. you know what i'm say, go ahead, not on unemployment. just vacate the building, it is time to press the delete button on the biden merrick garland justice diagram -- jusjustice department, kudlow is a podcast, every weekday. after the show on spotify, apple, fox business podcast.com. not quite as popular at joe rogan we're building. i'm kudlow, we'll be right back.

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larry: you might think maybe special counsel jack smith and all other biden attorneys might think about pushing the delete button, right out of the justice department. oh, my goodness. joining me now katie pavlich, editor town hall.com and liz peek. and tammy bruce, fox news contributors. and author of fear itself. >> thank you, sir. larry: katie, there is a lot to talk about pushing delete button. one more time hire. >> do. larry: the g guy who is accusing matt gaetz. bemeabehind the lawyers is now in midst, not making it up, midst of 11 year prison term. and he is accusing matt gaetz of stuff. i just have -- talk to mollie hemingway, she has

done a lot of investigative reports, she stands by her research, it should raise an eyebrow maybe this is and one last thing, justice department, made a lot of these changes and nothing ever came of it. >> right. larry: now, i said it. >> america you are innocent until proven guilty. larry:ah. >> justice department opened an investigation. matt gaetz was never charged with what he was accused of. you say the source may be someone you should be skeptical about he is in prison. confirmation hearing the get ugly. democrats will dig up everything they can. the attorney general is most purpose position in terms -- important position in terms of president-elect trump

puts in place, matt gaetz will be questioned about whether he could do the job, senators who have an independent role to play when it comes to consider these nominees a for any president, will make their decision, i heard from friends on kill capitol hill high will get confirmed, they are respecting fact that president should have who he wants. larry: it was a massive mandate for change. and liz, you made a point offset, the fact is that maybe, you have a marco rubio, this is to tammy's component too, a marco rubio first, okay that kind of thing, maybe not have matt gaetz, let matt gaetz make the rounds maybe twice, okay. >> that has started. >> it has, marco rubio will get through, he deserves to get through quickly, he is a popular member that would make some tactical sense. >> that is right, i don't know if there is a

prescribed order to the nominations before the senate, i doubt that i think it is up to the president-elect to figure out who comes first, i think marco rubio is easy, mike waltz is easy, elise stefanik is easy threat gem -- get them in place, on a glide path. larry: they may remember, but, you know. >> get some momentum. larry: tammy bruce, you raised this in first place. high won big time, the popular vote the t the elect -- electoral college vote as long as they are not criminals, it will defend trump from weaponization, from russia, russia, russia, and lawfare,

you need someone to coff his back. >> he not only won but it was a statement, not like you was vague throughout the campaign, and happened to trip into winning. he was blunt. he made statements about deportation and nature of what was happening with justice department about compancultural and political issues, and americans said g let's do it. -- said go, let's do it we all voted for not just the man to fix the problem we have but as a statement about about what needed to change. and all of these picks. make a statement regarding -- >> i think accountability. >> let me finish, is that there is -- i get into it a role here. >> go. >> is that this is people chosen were people in many ways targets by department they are placed in it is the ultimate statement that people that you were trying to destroy are now in charge

of this, that was -- when you thinking about trump and campaign about disruption you are expecting that disruption every single republican this better not be traumatic or controversial -- dramatic or controversial has a responsible to say okay that month was everybody licked to do this -- man was was elected, we know who people are. >> katie, town hall.com running a poll. voters now seem to like republican morse than democrats. >> yes. >> this is if i get it right. echelon, a big -- >> it is top flight. >> voters approve of trump's handling of transition, 43-40. there you go. -- 53-40, 58% believe

country headed in a better direct, trump at 49%, is more favorable than hair harris and biden, and g.o.p. seen more favorably than democrats. >> president starts off on a high note on all these levels. in hiin second term, 80% of country turned to the right, and the coasts are still blue. there is this outrage over some kind of appointment good to look at the rest of country, and say how do voters feel about this they are not lighting their hair on fire. larry: a great point how much they like transition, the nominees. >> going to election, voter said, majority we want upheaval of status quoi. status.

>> liz. robert f f. kennedy jr., he is high thought. -- here is my thought, i read your article, nih needs change, the cdc needs change. the fda needs change, and howhole hhs needs change, i can atest threw this i lived day after day during ko covid, in bob cakennedy does nothing else. >> if something is profoundly broken and spending twice as much than other highly nations for health care, somebody is broken, he at least asking the right questions. it has to happen. larry: terrific. >> americans are not healthy. >> more -- barack obama also wanted him in his cabinet. >> with few exceptions.

>> i have been shrinking lately but i don't know. >> ch c. >> i you are fabulous. >> coming up, we'll have johnbb barrasso. i'll kudlow we'll be right back. (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.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. larry: will senate need recess appointment to get mr. trump's cabinet nominees through, joining us now senator john b barrasso for great state of wyoming, the senate whip, well done. i'm not putting bait but it has been done before, prior presidents used preses appointment. mr. clinton mr. obama and mr. bush used them. do you think you might have to use it to get some of mr. trump's nominees through? >> first, president trump won overwhelming victory with a mandate to get america back on track. he has every right to expects to put around him

people he believes in and trusts, to help him get the job done. senate is ready to help confirm those individuals, we can't wait until january 3 until we takeover we can start holding hearings that day. and then start ho holding votes january 20 it should surprise no one president trump making bold decisions and commitment in terms of people he wants in cabinet, they are all fighters, they all deserve a hearing a fair process, and then a timely vote. i want to do starting inauguration day, actively work to get them confirmed one after the another over the another, so as quickly as possible. president trump is have vun surrounding him his team. >> a trans f trans transforming aal election and cabinet. and voter voted overwhelmingly popular vote, electoral college vote, a big mandate for change your

own senate has. with elections i'm assuming my pal david mccormick will be okay they will not steal it from him in pennsylvania. it is all transformational. >> it and i talked with didavid today he is coming to u.s. senate from pennsylvania, by change, we have big work to get done to secure border, bring pricing down, unleash america's energy and the strength in the world, we want to get to work january 3. to make sure we start holding hearings so president trump can have in place on inauguration a members of his cabinet. >> switching gears mr. trump said he will if need be use military to deport criminals, terrorists and other illegals, i don't know if you have a thought using military for those purposes. >> we have a national security crisis, right now.

it is a ru result of the ride open southern border, members of criminal cartels and drug dealers people on terrorist watch list, coming in we need to do all we can to get criminal illegal immigrants out of country. we need to do secure border and make sure those who are here illegally, criminals out. and then get rid of all of the incentives you see of free health care, free food, housing and free debit cards, get rid of that to get rid of si incentives. >> you know, we don't have time, but, it is costing america's fortune, we may already be broke. that is another financial element. senator barrasso thank you,

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