>> okay, so well i like s&p equal weight, not necessarily s&p cap weight because at 25 times the earnings, you know, i just think we're getting a little heavy here on the mag7 et cetera. so i think equal weight could work out pretty well here in a nation that's more pro-growth than policy. we've got the trump put which basically means if he's doing anything it's not working out he will say holdup and let's do something different. we've got powell able to take multiple drops here as we move into 2025, so we're looking at a melt-up right now but i would want to encourage people to be looking at sectors like metals and mining. we need copper and silver. >> [closing bell ringing] liz: david, great to have you on. all right not even close and definitely no records today. session lows for the s&p and russel 2000 tomorrow is friday and we'll be right here. larry: hello folks welcome to

kudlow, i'm larry kudlow. so, doge is the hottest ticket in town. getting ready to chop down the regulatory state. plus we must not wait for trump tax cuts 2.0. we've got brian brenberg, liz peek, jason chaffetz on that in just a moment plus congressman jim jordan, senator kevin cramer, pete hegseth looks better and better so does kash patel but first up, our own hillary vaughn live on capitol hill. hillary? busy day. what's the latest on the doge invasion? reporter: larry we're on hour five of what has been a marathon brainstorming session, with elon musk and vivek ramaswamy who are holding court with lawmakers in a room just around the corner from me right now. we caught up with senator writeh senator marsha blackburn coming out of the meeting to tell us basically this is an open mic night in the room right now. lawmakers are taking turns going

to the mic and pitching their ideas to musk and ramaswamy of where to make cuts. >> they are doing intake. they are listening, they're looking for ideas, and here is the thing, every single member of the house and the senate are apart of this effort, and we hope all of our democrat colleagues will join us. who's going to help them and stand in their way and there are some skeptic asks some democrats saying doge doesn't have the pursestrings and hold the pursestrings that congress does and it has the spending power i tried to get insight from musk

and ramaswamy into what their strategy is. how to work with congress or work around them. >> we'll have a greet discussion today. reporter: how do you convince them not to cut spending when they cut spending. >> the problem is in the room right now with mussing and ramaswamy all the lawmakers there. cutting spending and rooting out waste and coming down to it, if it's going to be taken off their dinner plate at the opened of the day, they won't be happy about it.

larry: thank you, hillary. doge will take out the regulatory state and that's the sucket of the rift. going for them to run all day today and it's on the hill and going for that and on the ballparks and president trump is totally behind their effort. what dodge is trying to do going for them on the commission. waste, fraud and abuse. cut the budget deficit. all right.

i think the real purpose of doge is vast abduces taking to stop -- vast undertaking to stop the unelected regulatory state that's been misgoverning america for far too long. over 220 regulatory agencies we looked it up reducing overextended government power of the bran and principle goal.

it's over 220 going for them on the area and from down the multiple pages of listing these going to be duplicative or totally you can both ovwhich criticized regulators and without any congressional mandate. that of course is there's no taxpayer authority. they just do it to enhance power they've been getting away with it till now, until doge.

vivek and elon continue to eliminate many of the agencies and significantly reduce the head count of the entire federal brock seizure disorders. one small item is creating the government and trait ever federal buildings are empty and leasing to private sector companies and making a process. oh, yeah, what's that nose i here it's with me knocking and correctly worried about their jobs. it should be. elon and vivek want to look at federal procurement pol policied large scale budget reductions. his office after regulatory affairs and going for a million bucks and floating around for awhile.

doge is not tied up in the washington dc swamp cliche of ending waste, fraud and abuse. elected regulatory state and chopped down wherever possible and al 25 bet agencies that have been so badly mismanaging the american economy for so many years. that's the rift. i have brian brenberg, cohost of the big money show on fox business and liz peek and also a fox news contributor. brilliant and it's crazy and i

was dealing with president obama and 100 billion in capping spending on gdp if we do that in 2011 we wouldn't have that problem and donald trump brought fiscal restraint and made it sexy and created this atmosphere and mandate to get it done going for west virginia and going to make the rules. going for the regulators and that's when i think doge is doing and why it's so exciting.

larry: it could be the most important thing that happens under president trump, it's possible. it's so vast and sweeping. two activists select chills and work on that and -- intellectuals and hiring people et cetera, et cetera and don't have power and don't have direct power. going to have intellectual power and going to them. chopping down the central planning regulation state going to that country and its economy and >> talking about no power is

going for spending on and what do you think about this. i have a childest enth enthusiar dobe and coming up to the white house and agreeing with the government employee union and protecting 42,000 for social suter administration. larry: that's the sound from washington and knees knocking of government employees not showing up anymore. it's terrible. going for business takeover and move the headquarters and only the people you want going for

them on easy things and none of this is easy and it's going to get stuff and going with alaska and going for them and fabulous tv series and that's a lot of what they can do. larry: they can be workers in the oil fields for that great series landmark. everything is good on tv and bad in washington dc. brian, to me unelected regulatory state and the bureaucrats running the country poorly in my opinion. >> the voters are the power and it's people in middle america

and >> they're asking code some just taking away the cost that americans bare right now. >> and taking away their that's the supreme court decisions and larry: epa versus west virginia and about saying no, you can't set emissions controls. that was never written into any law.

that's no law. holding the flag high. going for what i like this and what i'm getting at though is that here, vivek going for them. and he wants to use the supreme court decisions to remove. that's going for them and central planning and for the culture and how many 50-75 years. >> god retired in the trump administration and going back on biden and looking at this. going for that and take you to court and we'll have to file a going for them to disclose under

investigation and entering this settlement agreement $5 million going to the government and you've got this list of all the nongovernment organizations and democratic organizations and make a donation of $45 million to them and and agree going for the banks and credit unions and picking any industry and did it in masks and untold billions of dollars that were schemed out like this and donald trump is committed to grow once and for all. larry: this is developed by the campaign and going for vivek and it was not part of the original campaign and trump embraced it and going on both sides of the aisle and i'll give some credit where credit is due. there's a socialist party and they love regulators and they love elected bureaucrats but

that's the subject of another segment. trump tax cuts 2.0 and my humble opinion can't wait for a variety of reasons and going for them and he said no, we must ' wait and going to reconciliation -- reconciliation mustn't wait ask going for thune or whoever. but, but, but, and trump constituency for victory going for working folks. young people are everybody across the board. they want more after tax pay. they want more take home pay and they want more ronald reagan and want trump promised them. now can extend the original

several points of reduction in the rate and originals and trump made that promise. blow ever b going going for tax cuts expiring and going for them quiring. going for them to stop this two reconciliation. >> it was after tax income and net worth and going for people to remember the first presidency and widely. if you wait on that. and number one thing and don't

think about that and going for them. larry: every single single poll and going for them and uniforms and reopen the spigots and we don't need and you must have immediately a tax cut campaign. going for them to be so important. going for bond market rally and going for them with bessent rally from cliff ton and reporting this morning. going for them to get this right.

the stock market going to help the rally and i lead the best lastest. going for the likes of the market biggest rally in the history going for them and deregulation and going going for them. how could we have elected kamala harris running on the $5 trillion. republicans didn't press that them and going to be bizarre and not a good idea. larry: you probably don't and -- >> give them a chance for a little extra credit here.

>> donald trump in a unique position and could do it with a moral authority and public midnight him. i was 24 congress and had maybe less than 00 fiscal conservatives out there and now like the sexiest thing in town. larry: why not cut spe spendingd taxing in same reconciliation. >> only way you can do it. larry: and do energy regulatory. one big bill, the whole country focuses on it and starlet from day one and january 20th and know what he said? >> catch brian and jackie on the big money show. weekdays at 1:00 p.m. eastern right here on fabulous fox

business. jim jordan met with the doge group and cutting taxes too and going after the regulatory state. i'm kudlow. so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. at harbor freight, we design and test our own tools. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love.

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larry: we have the great jim jordan. you're in some of the mealings or all of the meetings with what i'm calling the doge brothers and we had an opening segment about that. i think they'll chop down the regulatory state. what did you think you heard? >> i was in a meeting and met with elon and talked with doge and a chair with the federal trade commission and then i thanked him him coming forward was so good and helping president trump's campaign was a great making government more

efficient by getting rid of the regulation and hurting the economic growth and it's so important and about making people come to work. larry: the regulatory state they want to stop and chop down wherever possible, backed up by supreme court decision. the regulatory state is the modern version of socialism and central planning and running the economy and no mandate from congress or the constitution and no mandate from the tax mayers.

>> netter put their name on the ballot answering to we the people and voters and taxpayers and yet they run our lives. that's not how our constitutional system works and i think that certainly vivek and elon understand that fundamental system and going with the best country and supposed to operate and jim jordan as well. larry: ewe should abolish the federal trade commission and going with ronald reagan and jim miller head of the federal trade commission under reagan and my saintly wife was the press secretary for the damn thing and trying to abolish in and serves no purpose. >> well said. there's a number of things we

can get rid of in the federal government and we get rid of them and want someone in the free market and things we're talking about and not for using government to be weaponnized for people and censoring them and all the things we've seen unfold under biden and harris administration. larry: i'll take that under advisement something very amusing but i don't understand. democrats are asking joe biden for preemptive pardon of liz cheney, adam schiff and tony fauci. what is this all about? preemptive pardons for heaven's sakes. >> didn't they just criticize and went after some of my colleagues who they said about the pardons and i don't know if they did and some colleagues that went after them and doing the same thing.

phragly we the people and all the lawfare unfolding where fani willis, alvin bragg and jack smith winning after president trump with ridiculous things that were that ridiculous and that's been president trump's position and this is the left and continuing their crazy antics and crazy concerns. larry: success is the best revenge and unifying the country and ending the divisions in the country and he said it a million times. he never went after hillary clinton years ago and keeps saying that and going to project all the left wing motives and that's all they're doing. one other point, mr. jim jordan -- >> larry, they tried to use the st. amendment to not lit -- 14th amendment not to let him run and they said on the scream court 9-0 you can't do that and he's about winning and winning beats all this and that's what

president trump is all about. larry: yes. one quick thing, jim jordan. mr. trump promised tax cuts for middle class and wage earners and small businesses and i think trump tax cuts 2.0 must be in the first reconciliation bill. in fact, i don't believe you'll get two reconciliation bills and i don't understand it. that was his promise. we need a blue collar boom. we need to reward the working class coalition and enjoy them, jim jordan. >> i don't care if it's 1, 2, 3 or 15 and 3 is probably the northeast we're allowed and i don't care about the number but doing what we told the voters are going to do. i say all the time we make all this complicated >> no one did it better than president trump and he'll get done what he said and we have to help him and if that's one bill, two bills, i'm okay with that.

larry: should be the first bill. first thing. the first thing. come on, jim, you're supply cider. the tax cut, the tax cut argument is so important. those people need better take home pay around the kitchen table. that's why they voted for him. >> fair enough. if we can get it all done in one, great. if it takes us two, remember, we're going to have a one vote majority and one seat majority so we're going to have to figure out how this all works and make it all fit. larry: you're not going to get through multiple reconciliation bills with one vote or three vote majority and there's a smart guy here, not me. it's you. i got to go. i got to go. i hear you. jim jordan. best of the best. appreciate it. senator kevin cramer said there's no reason not to be supportive of pete hegseth. he'll join us next to talk about it. i'm kudlow. be right back.gers

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larry: i'm joined by north dakota senator kevin cramer. you can't see any reason not to support pete hegseth for defense secretary, that's a bit of a change in your thinking. can you tell us why? it's very important and it's a leadership position you're taking. >> well, it's important for me and my constituents and it's the leadership position and we'll see if others follow. i think it's important, larry, 56 hi long and frank discussion with pete and talking to him and people that know him personally and looking through all the

information and allegations against him by people unnamed if there's people at all, i ab coauthorly believe that pete is the right person for the job at this time. i've always looked his attitude about kicking down doors and changing the process and disrupting the place and always loved the fact that as a face for peace through strength and pete has a great one and i will say that we talk a lot about deterrence and nuclear deterrence and reference some sort of weapon system and deterrence isn't just a weapon system and it's a attitude and culture and it's a that's ragawarrior's warrior and peopln go there's somebody that represents us and not just a guy at the helm but stars on the shoulder. pete convinced me and all the accusations and allegations against him convinced me they're either not there or nobody is

talking so i think we need to move on and get pete across the finish line. larry: far out liberal going to try and smear him and other cabinet no, ma'am keys and should fail and no -- nominee and should fail and i don't want to talk about it on the show and police report never brought charges and maybe thing is, senator cramer, his agenda for the pentagon, give me a minute on that because that's the most important thing. thing america needs peace through strength as mr. trump put it. what do you hear from his agenda? >> one thing he talked about with me and that resinated with me is processes of things like acquisition and research and development and spending years going for ai and technology and

caught in the long tradition of live and making simple things hard and going to make things simple and integrity and dignity and going with the process that moves things allot quicker and mauve at speed of china and going for them. going for them to spend money. larry: i'm sure there's money to be cut and hopefully there's all that dei and go going for them and going for everybody to tell me we're way behind china when it cops to the navy. >> yeah, and the air force going for them and more and more important and the army. with people on the ground relying on the assets. going for them and better

relationship with our allies and stronger relationship with our adversaries. going for them to screw up and going to get you going for them to have savings in the brewer bureaucracy going to use them for sure. larry: thank you for thanksgiving them. larry: president of the world bank and president of the secretary and ej antoni and david malpase and scott bessent bond market rally. going for them to put out today. treasury secretary and going for

them on tuesday and hitting record highs and going for donald trump going for stocks and make of tony antoni. >> markets and equities or bonds are simply reacting to the professionals back in charge. nobody knows and sovereign and those people at the helm and markets are extremely confident are going to improve. larry: scott bessent and brilliant guys and markets on the back of his hands and going for the treasury department. and not going to mention them and getting a point for them with a whole economic team and

then going with kevin hassett going for them with a director very proud of him. not completely buttoned down. getting your take on it. going with president trump with the cut taxes and regulations and back on trade. >> more growth and going for them and how you pay and going for the bonds and going with seconding and that's going to be really important and one thing i think is understated right now and going with the energy

component ape loan it's the importance of making permanent tax cuts and going with the big opportunities that is locking out the idea of regression. growth and bonds and one thing i would be rejected and more certainty and the climate industrial complex with a huge spending that weighs on the future payable of the bonds. >> larry: i want the tax cuts in the first piece of legislation

and tax cuts in there and promises made and markets businesses and small businesses and middle class blue collars they're dependent on it. >> larry, you're right. people are counting on people trump to make good on the props and he'll be able to do it i think. looking back at 2017 and every day the news was wolfing back and -- waffling back and forth whether they'll get the tax reform passed or not getting it passed, every time looked like a bill would get done and rallied and looked like a bill wouldn't materialize and going for free fall mode. lyric very good, gentlemen.

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larry: all right. with great pleasure, joining me now an old friend devin nunez and trump media and technology growth aka truth central. devin, good to see you. i've been advocating and kash patel for fbi and right man for the job and he broke through the russian hoax. i thought maybe you could spin a yarn or two about how good cash was. >> larry, that you can't. you worked with him in the white house and didn't want to lose him at the time and the fbi and doj covered up our investigation and never brought prosecutions and went to the white house and

onto the been out in the private sector doing great th things and serves on the board and trump media group and he's been a phenomenal guy and everybody loves him and likes him and i tell you what, larry, from my perspective, the men and women in the fbi out there doing tough work and they want new leadership and someone new. i hear that all the time and identify been hearing that for many, many years. larry: the rank and file are giving the agency bad names. is that what you're say something >> you lived in new york for a long time and worked in washington dc. what the hell are all the fbi agents doing in new york and washington dc? look, not saying that no one

needs to be there but do we need a new building in washington dc and have government buildings empty all over dc and why are we build ago new one and furthermore look at criminallalty occurring all overt united states and you many a ceo shot in cold blood outside of midtown manhattan. and we have drugs, fentanyl, you name it. these are things that kash patel will right the fbi and put it on the right course to do what? real simple, chemoamerica safe. it's what we want and what president trump wrote on it. larry: he broke through the russia, russia russia hoax and steel dossier and that was important and shows his power to get things done and investigate.

>> he was at department of justice and prosecuting things they should do. we need that skill set and had we not had limb what they should be doing in the case of the steel dossier and russia hoax and what they did not do. the opposition in washington dc and beltway and they were involved in criminallalty and a coverup in all the people that are at the leadership levels of doj and fbi and all knew about it and all part of it and didn't do a damn thing and need somebody like kash patel righting things and covering it

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