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tv   Kudlow  FOX Business  December 9, 2024 4:00pm-5:00pm EST

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by the fair doesn't mean censor but abide. liz: just abide. >> equal tide for both. just equal. colbert won't be hosting democratic fundraisers again. that i can tell you. liz: he's a comic. >> doesn't matter. he's on a network tv and a dail, advocate for the democratic party every night and enthis he goes and hosts a democratic fundfundraiser. we don't even have the fairness dock racket. liz: someone once did and >> yelled at. >> we don't have the fairness doctor. liz: we do not. we're cable. charlie, thank you and markets feeling a bit of december chill to start off the week. the dow, s&p and nose dak in the red -- larry: hello, folks, welcome to
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kudlow, i'm larry kudlow and restoring america to normalcy and talking about this and more with emily compagno and we're bringing in fox business gerri willis first. gerri, looks like they found somebody, huh? the killer? >> that's right, larry. major developments in two widely followed criminal cases. first, a manhattan jury acquitted daniel penny of criminal wrong doing in the choke hold death of jordan neely in a crowded subway car in may 2023. now, the courtroom erupted in applause as the verdict was read, but outside protesters shoved police and shouted. details caught on smart phone video and sparked debate on underground crime and the mental health system and criminally
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negligent homicide and carries a sentence up to four ye years ana penny held neely in a choke hold after threatening people on the subway car. neely was a drug addict and schizophrenic died at the hospital. the marine vet was justified in rushing to protect the fellow subway riders and the jury's verdict was unanimous. the suspect was detained in a mcdonalds in pennsylvania after being spotted bay employee there. the shooting of thompson sparked massive man hunt, that required nypd to use divers and drones to trace the suspect from sixth avenue where the shooting took place through central park to a bus where he apparently took it to pennsylvania.
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his picture take ton a cab and hostile and the picture made public leading to his capture. there was a trail of clues and bullet case with the words deny, defend, i depose and monopoly money in the backpack in central park. back to you. larry: yeah, terrific reporting. thank you, gerri. is the new normal coming back to american life? that's the subject of the riff. maybe it's just me but it seems like within just a couple of weeks after donald trump's landslide victory that a new normal is coming back to american life. but one thing, the significant magnitude of his election victory has stopped all the horror show scenarios that were protection predicted by so many in the media especially the liberal left media, contrary to the received wisdom, the election will decide that night, not three weeks later or several months later but that very
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evening. there was no presidential recoucounts and no violence, mr. trump won convincingly and that was that. it was an orderly, normal, presidential election. and despite the reichel name calling, mostly aimed at mr. trump called it the fascist hitler factor, the fact is mr. trump and mr. biden sat down amicably in the oval office to plan a peaceful and successful transition. biden looked happiest he's been in years. think he voted for trump. i do. then this past weekend mr. trump sitting next to jill biden at note dam cathedral looked very cozy. both of them smiling. kind of a g7-type smack from mrs. biden who was leaning into the conversation. on meet the press this weekend,
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president trump repeated campaign message that success would end divisions and unify the country. take a listen. >> i'm not looking to go back to the past but make our country successful. retribution through success, spandwe're all going to work tor and bring it to together. what's going to bring it together, is success. unity will be a message of unity and success brings unity. in new york city, justice was served with the acquittal of former marine daniel penny with the crazy follow up alvin bragg turning back and nypd working with fbi arrested a suspect in the hideous murder of healthcare executive.
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very good at what they do. the jurors are very good at what they do. they'll just let them do it. the criminal on the law law based on this and going for them. and 800 years ago. works well when it's depoliticized for the system and going for them. i think president trump will return our legal system. restoring notre dame and i think president trump had an eye on restoring normal religion culture back to american society.
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they want to keep god out of our life and they are cyclus for them on the line. seculous and when mr. trump went to the al smith dinner and campaign and he made a statement not only about that traffic. our communities and country. points according toes to some exit polls and going back in 2020. it's on the restoring 800-year-old cathedral and restatement of the important more religious and culture and al smith dinner writ large.
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the company. i believe this too is a sign. that's the rift. riff. going for them and i'd love to read the book and i want to start with you and chewing on this similar thoughts on that number this morning. i see this as a return to normalcy theme. not everybody will agree but i see this whole thing. catching the bad guys, the jury system works, normal election night and i also, really when i
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watch mr. trump in paris this weekend, yes, he is taking down his rightful place at world's leader, there's no question about that. i do think of it as al smith dinner writ large and just being at the notre dame cathedral and all of its splendor, he's making a statement about room, we have plenty of room for religion. plenty of room for spiritual culture in this country. the far left is wrong. they don't like religion and they don't like god. they've tried to keep it out. how about that, i'm bumbling through this and this is a return to normalcy. >> yes, no, you're remarkable effective in how you articulate that had.
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i agree. not only is his actions and america's actions indicating a restore -- restoration to normalcy and also flaking the first of america that we have had for now so many years craving faith and craving a graceful capture of our judiah christian values not in this, to your point articlating earlier separation of church and state to a fault. to a secularity to a negative. under the current administration and americans were shown exactly what happens when there is a straight up persecution of judiah christian faith and we saw it in the fbi and doj and leaders and look at kamala harris and president elect trump attended al smith dinner and kamala harris didn't attend or record a message as prior presidents and vice presidents
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have. it was a fall out attack on those that dare to have morals and values based on family structure and god, faith and country and president trump came in and said look, notten do i represent this and i represent a freedom for americans to do for themselves and that's my book shot to number one, day one a and -- larry: bible sales increased enormously and your book is about faith in the military and that's going so be so important and i mean, the return to normalcy theme and i'm probably spreading my wings too far on this but nonetheless, not just the orderly election night a month ago more or less, but also, look the jury did right with daniel penny. there's every sane person except alvin bragg, he's not a sane person believed he shouldn't be
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convicted. let the cops and fbi field agents do their job. depoliticize the legal system and stop all this retribution, stop all this weaponization, stop all this lawfare stuff. and i'll say ironically, i don't even the think that's fair and it's mr. trump said no one ever did it the way joe biden did and look how it backfires : >> the reopening of notre dame and that's an a+. this case should have never been brought and it's a good day for new york city and good day for justice system and good day for daniel penny. you punch someone randomly on the subway platform and then he's on the streets. it's a year's long ordeal of being a good guy of being a good guy that stands up and protect others and protect with illegitimate tactic and two charges on the assumption of
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syria and the compromise and second one and sending to jail for four years and going good for the jury and seeing through it and rejecting. larry: the blue line and new york city finest and blue line and guy caught in pennsylvania turns out to be the murderous killer of the healthcare ceo and by the way, new york city needs this. new york city needs to show that a jury will make penny a hero and not a villalobos and needs to -- villain and confined a hideous killer and i'm getting ahead of the story with the hideous killer story but i have a feeling they're onto something. new york needs this and so does the rest of the country. >> right, this guy has been celebrated and this act of murder has no sympathy and it's outrageous as of a week ago, i would have thought it was crazy and no way people celebrate a cold-blooded assassination and in terms of new york city, you
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don't want to be the city that executives come to and get shot in the back. you don't. it looks as if this is the guy, this is awesome police work, the way they hunted down the trail and found this guy. larry: all right, i want to move on and i love these, i really love these thoughts. you know, meet the press interview, i was very disappointed but i don't want to go there. maybe i shouldn't have been disappointed and i want to play immigration tape on this and let you two comment on that because mr. tram subpoena qualifying his position to take a listen on this immigration. jot success and we're all going to work together and bring it together and bring success and going for them and bring unity.
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larry: i love the unity one and we'll try to get back to the immigration tape we want to play. here it comes. i knew we could do it. >> you know, the people treated very unfairly are the people online for ten years to come into the country. we're going to make it very easy for people to come in in terms if they have to pass a test. they have to get the criminals out of our country. but we're starting with the criminals. larry: beefing up the boarder and going for mexico and on the top of the list and he's going on the point and it's going for the democrats and he's basically saying like, we can talk about the dreamers and least of our problem right now and maybe work something out and incidentally
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we try to work something out and going for illegal immigration reform plan and now he's saying to them and we may be able to work things out in june and we must deport the criminals. that's pretty good at one count and going for crim criminals and number two, he's going softly right now and >> the emergency room physician and stop the bleeding and this next step and going for them with the cholesterol and seeing him going for them and three quarters of illegal immigrants going for histories and reported by criminal hist histories and convictions and that's going for legislation and going illegally and that's triage going to eradicate and going for the
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order many cities the point where every state is a border state that's why. and then let's talk about legislation and talk about that in a meaningful way and people get on board and no name calling from those on the left and there's no knee jerk talking about the fascist and the like. i cy see that as effective communication and also effective leadership at this moment and exactly the kind of governing that we need and stem the flow right now and we can hit the salient points later on after managing the triage. larry: rich lowry, what's so interesting here is the public likes what he's saying. i mean, the numbers on his transition are the best numbers he has ever had, well over 50% approval. the best numbers he's ever had say that he's being sensible and common senseable and doing what he said he'll do and he's doing it, you know what, think of it as this tone and his demeanor and these are all things that far left railed on and he's not
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doing that. they're showing right now and right now they're going to deal with that it's the smoothest transition one and it's going for that and going for responsibility of them and the tone was measured and he emphasized and elected on boarder and the economy especially prices and groceries. he knows that and he's going to focus on that and who's going to oppose deporting illegal immigrant criminals and that's where we're going to focus on first and emily points out hundreds of thousands and after that tranche you have about 1.3 million people that defied deportation orders and gone through the system and going to deport the state and going out and that's a lot and that's enormous victory and you send a message for them with enforcement with people coming in in the first place.
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larry: he repeatedly tried to trap him in the meet the press where i'm going to get the bidens and throw this one in jail and throw that one in jail and wouldn't take the bait and he's gotten very good at it. that's part of the reason for the popularity and also he believes in god. that's more of the risk of popularity. last word emily compagno. >> we're seeing 2.0 president trump and like all of us with a little experience we get better and more graceful and administration in between. larry: thank you so much. emily compagno and rich lowry. trump tax cuts 2.0. can't wait. that's my take, not everybody elses. catch kudlow at 4:00 p.m. every
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day on fabulous fox business and can't get us at 4:00, just text your favorite 9-year-old. she will show you how to dvr the show. you will never miss a return to normalcy, and maybe a peck on the cheek in church as well. i'm kudlow, we'll be right back. s are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. at harbor freight, we do business differently from the other guys. 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. ♪ 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.
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>> it'll anger a roethlisberger of people if we don't get a an extension and submitting first or second package to congress and he cans tension of tax cuts and that might very well be in there. >> or? >> or it'll come sometime after that. larry: art laffer and former re-gone economist and wcb radio and gentlemen, welcome. art laffer, which should come first? >> we don't know exactly but looks like the new administration it it all expires
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and might be stuck holding that bag and what do you make of that. it's all up in the air. >> i don't think it's up in the air. they'll get those bills and we've got 53 senators and control of the house and president. you've got the governors and state legislatures and it will go through what i hope he does and energy first that's fine with me. and i'd like to see him modify the tax bill getting rate down to 15% and extend the death tax exception to make it a higher
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amount. huge driver and you want and you want drivers to match and if you do, get rid of tax de-conductions for 501c3s and it's a great way to get pay goes if you need them. he's got power and momentum and favorables. get the job done. larry: two issues here. larry: i call them the doge brothers and don't dance as well as blues brother but pretty good. a lot of good budget cuts and redoing the regulatory system, steve. there's that. i find it very risky and i don't
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know what's been decided yet and kind of sounds like two bills and we've never had two bills and jason smith the weighs and means chair was on this show and said it was a reckless proposal. what do you think, steve more? >> i just got back from the dentist and had come work, i'm not drinking. this cost $4 trillion to make the tax cuts permanent and talking about t larry. look at first six years of this tax cut, revenues come in higher and i think we have to have the right baseline. we cannot bail on this. trump has a voter mandate to make the trump tax cuts a 2,000
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to 3,000 tax increase and every family and i think let's go forward with this first and he has a mandate to touchdown catch do it and these other things very important and going to get this done in the first 100 or 150 days. larry: he's so popular and mr. trump so popular right now and strike while the iron is hot. and i don't see qataris tax cuts can't be in the first reconciliation bill and original idea was a very sizable reconciliation bill. and i'm just worried there's not enough tax cut advocates in the upper echelon of this administration. i've praised the economic team and i don't know about the political team and mr. tram subpoena undecided and you know, administer thora, extend the tax cuts or deepen the tax cuts 2.0
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and have tax free cash tips and overtime tax free and that would be terrific too and lowering the withholding rates of irs among vast majority of working class coalition and vast majority of the blue collar people and whites, blacks, browns and young people and put mr. tram nap office with the landslide. get those withholding rates down by the spring skin crease take home pay and why wait till end of the year. strike while the aaron is hot and mr. tram subpoena a very popular man and house votes are so slim, i don't think you can count. may have to battle one to get one reconciliation. >> yeah, it's popular and the 100% write offs and that's going
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to get the economy jumping and that's going in and that had pay going for it and like dodge would be. it's a popular economic message. reagan did it. larry: all right, i got to go. it's not received enough scrutiny and steve moore and art laffer. thank you interesting louisiana
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larry: mr. kennedy, welcome back, sir. the trading system is broke and china has tariffs more than what we have on average and tariffs inflationary and they weren't in the first term. how can mr. trump avoid tariff s? >> well, i just thought i'd answer you this way, the old saying that exercise makes you look better naked, but so does alcohol. and i say that because tariffs are a bit like whiskey. depends on the circumstances.
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which i say i can can make the world look better, too much makes you sick and will hurt you. i have never seen president trump as this wild eyed protectionist and i think he's for the most part always used tariffs selectively and depends on the circumstances. and using tariffs to raise money and use tariffs to try to convince your neighbors to change their policy and greatest in human history and too often the experts focus on tariffs and focus on the impact of other countries. how about let's focus on america. i mean, if you, if a country is expecting us to open up our market, our markets to them but yet they won't open up their markets to us, i think tariff
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cans be perfectly appropriate. i think the president uses the tariffs selectively but appropriately and going for guidance and doing it. larry: he may well do it again and in the case of mexico, we need mexico to help us on the border. we need him to put troops on the boarder and need him to commit strongly and i don't know if the new president of mexico has committed yet. the threat of tariffs may move her closer to where we want her to be. in the first term, there were tariffs but no inflation. i question that long ick. >> i think the president will use tariffs against mexico and not doing it just to be doing it but the truth is that the
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leadership in mexico, no disrespect, but it's a mess. the successor to obrador is trying to compete in the woke olympics. mexico has turned very anti-american, not just on the border, but in terms of business and if you took the cartels of mexico and turned them upside down and shook them, the president of mexico current and former will fall out of the cartel's pockets and that's not acceptable. larry: that's another point. he needs to -- mr. trump needs help on fentanyl, needs help on the cartels and if she's not forthcoming, he's going to have to take punitive action withs her. that's exactly right. or go back and i served on china trade team and china was intransit -- you've got to use
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something to bring them to the negotiating table. >> tariffs are already hurting china badly in the semiconductor technology era but, you know, china is not doing well economically, and if we impose, i'm not saying that we necessarily should, depends again on the circumstance but if we imposed tariffs on china, 60% tariffs, not saying we should again, but if we did for example, it would hurt and china would respond, but i can tell you china would be hurt a lot more than america would be hurt because of the trade deficit. i want to get along with the people of china, but the leadership of china is going to have to understand that we're going to do things differently now and not going to appease you like president biden did.
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larry: then again, in the first term with the china tariffs and the chinese companies had to cut their prices in order to sell into the u.s. market. they had to cut them a lot because of the tariffs. it turns out when you do a chart, i don't have the plot here. but chinese import prices and imports to the u.s. fell. it's not that they were inflationary. they were deflation natural rights approach and i cannot figure out, my friends on wall street where they get all this evidence that any tariff, any occasion is always inflationary. i don't get it. >> it's not. tariffs -- it's another economic dual and just depends on the circumstances. it would being fine with me if every country in the world went to zero tariffs but that's not going to happen. we don't live in la la land. and our tariffs compared to a lot of other countries
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relatively speaking are very, very low. larry: lowest in the world and average tariff sentser and if somebody between 2-3% depending how you measure it and that's by far the lowest in the world and that's the problem and world trading system is broke and world trade organization doesn't implement these huge tariffs and say china is undeveloped country and that's not true. >> the wto is broke and it was an interesting concept and i know part of it is and we've not nominated members but the truth is wto was broken too long and would take years to get something resolved and in a gullible economy, that's not acceptable. larry: senator kennedy, thank you very much for your time. talk soon.
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>> thanks, man. parted of the celebration of notre dame is that he's a de-factor leader of the world right now. but i'm saying -- i'm draw ago dotted line from the al smith dinner during the campaign where mr. trump showed up and catholic charities and he showed up for the beautiful renovated notre dame cathedral and he has a message. it's a catholic message, but it's a message that religion and
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spiritual culture returning to american life and message for france and rest of europe and i truly believe he's sending an important message about the importance of religion and spiritual culture in america. what do you think about that, newt? >> well, he wrote several tough articles about the area where kamala harris was clearly anticatholic and wrote an article on notre dame and this is one of the great centers of christianity and it was brilliant that he went and was received as the leader. i just wrote a piece that we're putting out as a newsletter, gingrich 360 and trump invented the de facto presidency. no one has ever done what he's now doing. you know, biden has abdicated, he's just sitting around whether for cognitive or other reasons and so trump is now fitting the
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gap and not legally the president, but for all practical purposes, if you much walleye the pictures -- watch the picture withs the prime minister of italy and president of ukraine, or the way macron treated him. macron gave him a complete presidential visit in terms of the myth police, the guards, et cetera. and that tells you this guy moved in about a week and the long run how big of a gap between the election and inauguration and the world changes so fast and heading out for 10 or 11 weeks may frankly be dangerous. larry: well, this case it's a very good thing indeed. larry: what did ambassador calista think and him showing up was a big deal and seeps he was sending a message. not just about catholics by the way. speaking as a catholic, you're a
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catholic. it's really just about putting religion and -- back into our cowelture and the left -- culture and the left, the woke people hate religion and many -- one could say they hate god and mr. trump is saying no, no, no. >> christianism rather than catholicism and this is one of the great centers that christian city spread across the world and i think the view was there several times and realizing this was a beautiful place. notre dame is one of the beautiful buildings of the world and i think in that sense to have rebuilt it. they didn't have lots of regulations and lots of government oversight, they rebuilt it in five years and it
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looks more beautiful now than before the fire. millions of people in the next two toe three years are going to visit notre dame and be deeply impressed by western civilization. it's the hard left that's against western civilization and catholics or christians or jews and it's the whole concept of western civilization and notre dame i think it one of the great trump as a leader. never been by candidates and inauguration shows and you happen treated as basically the leader of the united states. he makes comments about putin out to go to thes very public and direct.
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i can tell you somebody was there in 1981 and how desperately important it is that trump insists on a reconciliation bill in the first 90-100 days and ibram colludes all the taxes and all the regulations. you've got to do it once. the senate idea. larry: newt, you made me so happy on a monday saying that. thank as lot. it's almost as good as being in a cathedral. i think if millions are in a cathedral, that's a really good thing. thank you, sir. take a quick break and then try to figure out hao what are we going to do about syria. i'm kudlow. we'll be back with the brian
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♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ larry: joining us now, brian hook and former specialist. brian, thank you. i know syria is not our direct problem. but i don't know what to do with it because the rebels so called
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are al-qaida and isis, if that's the case. what do you thinker about this? >> no one will miss assad now that he's fled to moscow and too early to tell if the change is for good or bad. i think our american interests are just to ensure that we don't see a repeat of isis or al-qaida reemerging ask we don't want to see syria turn into a military base for the launching of terrorism around the middle east against other u.s. troops. u.s. citizens or gulf partners of israel. we do have some interest in the region, but i think it's way too early to sort of forecast what's going to happen. larry: brian, we need to spend larry: brian, we need to spend much more time with you on this.
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larra rhode islander getting a reconciliation bill out the door and that'll help america be great again. and gastroenterologist the blue collar working folks elected to mr. trump, give them lower withholding rate

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