quantum computing and real quick like tesla. >> tesla is one that's continued to innovate and we don't even know what the opportunities are. i wouldn't bet against him. cheryl: not on many things. exactly. tesla and spacex. robert, great to see you. thank you so much. very interesting picks for you today. here we go. history right now and nasdaq getting set to close above 20,000 for the first time ever. new record, s&p audiotape time high and that's it for the clammen count down. that's it for me. larry: hello, folks. i'm kudlow, welcome to kudlow. house majority leader steve scalise coming up later in the

show and senators eric schmitt and tommy tuberville waiting in the wings and first up, fox news peter doocy live from west palm beach. what's going on, peter? reporter: here in palm beach, weariness tracking all the confirmations in the senate fights over trump's picks and there's nothing that democratic lawmaker cans do to stop with trump's nominees if republicans all stick together and some are now saying they think that trump and his allies have been execute ago successful pressure campaign and that pressure is the reason that none of the bad stories about pete hegseth, for example, forced him out. >> the fear of donald trump and his picks could be to repress.

there's no questions. reporter: there'll be no resource not used to go after the u.s. senators that vote against donald trump's cabinet picks or his other nominees and elon musk has threatened primary challenges to people that vote against kash patel promising reforms at fbi after confirming reports that his comes were improperly swept up by a doj leak investigation in 2017.

>> can that be weaponnized and becaused in >> that's something with the department of justice in the future. reporter: the president elect is celebrating christopher wray's announcement to resign on truth social under the leadership of christopher wray, the fbi illegal lie raided my home and diligently on impeaching and indicting me and done everything else to interfere with the success and future of america. the president elect is said to go to new york tomorrow. he's going to ring the bell at new york stock exchange in the morning as the newly minted time magazine person of the year. larry. larry: peter, that's a great story. the story and time man of the year story and stock story and going overnight in the new york apartment orlikowski in bedminster. that's where the drones are or else they're angels and i can't figure out which.

reporter: there's a lot more aerial assets that the president and president elect would have around them and helicopters that are flying low and have aircraft flying high over where a president or president elect would be and so if they do choose to go there, it'll be a real test of the not guilty not told with he'll stay and butler pa have kept details about his whereabouts a lot more closer to the vest. lauren: that's a key point. thank you, peter doocy.

all the sudden it's the hottest story of the day and about a bunch of missteer yous drones -- mysterious drones flying over the state of new jersey and confirmed 11 don firmed sightings overhead since november 13 and not confirmed or turned out to be airplanes. state police and state homeland security minutes before the broadcast, they've witnessed 50 drones following their ships off the coast.

crean jean-pierre being backed up by the defense department that's saying that's not foreigne adversary president biden made aware of this and it's reassuring and new jersey congressman didn't pose a significant intelligence threat and strongly advised president biden from shooting them down. if you recall the pentagon was repeating this as the chinese spy balloon flew over montana and the dakotas including our nuclear missile sites and then it kept flying across the

country until the pentagon finally shot it down off the coast of south carolina there are their denial about the ha harmlessness f latest new jersey drone episode are not really very reassuring. so we await further news and in the meantime, is it christmas season story. maybe all these new jersey drones are angels. sent by god who is trying to heal the garden state and saving these inhabitants from the far left woke wrongs inflicted on the citizennings by new jersey governor fill murphy. saving them from the evils of mr. murphy's socialism. you can laugh at this. after all angels did appear

during christmas many times ago. laugh at this interpretation and i think it's a better theory than we're getting from the bents gone or white house -- pentagon or white house or homeland security or karine jean-pierre. we'll come back to it. john carney and breitbart news and coauthor of the breitbart daily die jest and thank you you're saving and yous we have traffic and technical problems and appreciate it. have you seen any angels over connecticut? >> be not afraid, larry, i believe we're protected by angels so, you know, i believe it. definitely more plausible than the fact that the pentagon don't notice the things flying overhead. pay no attention.

larry: over montana. don't pay attention. people of montana, those tough cattle ranchers in montana, they want to shoot it down themselveses >> they could have. they really blew their credibility on this and telling us it's nothing to worry about. wait, we're going to shoot it down. larry: good point. today's number and wall street is ignoring and the inflation rate is ticking in the wrong direction going up slightly rather than continuing on down.

>> it's been going up since june and not coming down and they're wrong. it's been described by "the wall street journal" and elsewhere going on the road to 2% inflation and this is going to bump both annualized to 4.83% and that's higher than a couple of months ago and going in the wrong direction. larry: yeah, looking at this stuff larry: that's 4.3% and 4.3

going move in the wrong direction for the last six months and finally 3.5 and 40s looking through the numbers and -- 4s and why should the fed be cutting rates and pushing more money and credit into the banking system as if we didn't have enough already? >> i want to add to all the numbers and we're getting help from the good side and core good side without grocery and fuel and not getting help, that's inflationary as well and car side is up and burst of inflation and ignored it earlier this year and back in 2021 and fed is ignoring it again and cut twice when they shouldn't have and cut again next week. that's going to be the third

mistake jerome powell should resign in humiliation for making the wrong call and now it's three times in a row. larry: it's like almost deliberate but could put president elect donald trump, president elect donald trump in a very bad spot in 2025 and fed is inned a versus frequency taintly going to cut ra rates ad increasing the money supply. did not have them to do. going to inherit the legacy of inflation and biden and harris and jerome powell and we can't afford to cut taxes now skin fellation is high and wrong way is high and supply side will brick down inflation.

going for them on the point and if you have lower margin anding garmin them and individuals and that gives them incentive to work, invest, and save or whatever. lower prices and held about the same and that's the argument of supply side and like ourselves and many of our friends is that cutting tax rates remnantly producing more goods will bring prices down. same argument. if you want to buy four or five

apples, you have only x amount of money and the money doesn't change and all the sunday there's 10 apples, what happen s? apple price comes down. same money chasing more apples means what? prices fall. >> we want more production and we can get -- we need that in energy but in goods and we need to bring production of goods into the united states that's fantast and i can that's a supply side change we need. but i do worry that this fed that is just addicted to their own point of view, they can't get off it for some reason. no matter what the data says and cleaning it and clearly not. they could really threaten to undermine the trump agenda here. larry: john carney, on your way home, if you see angels or

drones, text me. >> yeah, i'll let you know. there's a lot of fog so it's concealed over the sky. larry: i'll leave the phone on your text message. john carney, breitbart, thank you ever so much. we appreciate it. coming up, we'll talk about drones and talk more about angels and we'll talk some more about reconciliation and whether we get the tax cuts that john carney was talking about. we have house majority leader steve scalise coming up next if he can get his car in gear. remember right here onset, i don't see drones or angels. would love to see angels here onset. catch kudlow monday through friday at 4:00 p.m. here on fabulous fox business and if you can't get us at 4:00 for some reason, just text your favorite 9-year-old and she'll show you how to dvr the show, and you'll never miss a single angel who was trying to redeem us, lord knows we need it. ♪ confident.

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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. larry: we welcome house majority leader steve scalise of louisiana back to the show. welcome, sir much at this particular time talk to you about reconciliation and taxes and fun things like that, but i've got to ask you, the single hottest story in the country right now, are all the drones

flying over new jersey. no one knows the defense department doesn't know what they are, who they are. and you remember when we had the chinese spy balloon and defense department said not to worry and there's no intelligence problem and said that till they shot it down over the coast of south carolina do you know anything about this drone story in new jersey? >> a lot of us raising alarms when it was over alaska and could have shot it down over alaska where there's no people around and wouldn't have caused any problems to us and would have protected the national security to biden is his administration and it turned o tout be false and went over every one of the major mill stair bases.

what's happening in new jersey, there's no real candid information from the administration and mia on so many issues but causes more concern knowing how aggressive and help is on the way when donald trump becomes president. this is outrageous. larry: you don't suppose, sir, in the christmas season these are christmas-related angels coming down to help the citizens of new jersey escaping from the governor phil murphy's socialism? >> they need a an escape and i don't know if santa deployed drones to help elves and reindeer and by the way way would and a few more successful than the biden administration. it shouldn't come to this where the american people do more than

the federal government 6789 it's a national risk and it's not a joking matter. larry: by the way, it's not anything personal against phil murphy. he's a lovely man and i know him but it's his policies. i want to do that and talking for you working for a year or so. reconciliation and they'll have the trump policies and trump tax cuts and sec silluation packages that disturb me going for them. going for them to tell me and going for them and going for them over the tom of that and going for skis and going for president trump and going for them not making a decision on one reconciliation and going for

them to touch it and you were looking at it earlier or two the actually decision not made by the new president elect. >> i think your birdies are tweeting you some good information but look, i was talking to president trump as you and i mentioned about this almost a year ago and talking about if we win the trifecta and lost months being in disagreement and we're all on the same page in january and president trump was right there every step of the way. obviously some ideas of his own that we incorporated in to the first 100 day agenda will be. now we're at a point we're having a lot of meetings to determine the mechanics of it. we're not in disagreement over what we'll do and we'll do great energy policy as it were with border security and lowering food costs and rules and

regulatory reform. as well as ensuring there's no massive tax increase. and means we're in agreement and one bill versus two and having discussions and pros and cons on both approaches and maybe only one out in the public but both approaches, we've got to remember, you go back to the last reconciliation and in 2017 and involved in that in the white house. that second reconciliation bill started with a second budget and as you'll recall, 20 republicans vote the against that budget and we've gotten over the finish line and a larger majority and we won't have the luces reigns leading of two republicans voting against that budget if we'll be able to start the budget reconciliation and margins are tight and factors in as well. larry: that bothers me and adds

to that and what happened late is virtually the last day of december of 2017. going for them and it's two seconds left on the clock and throwing it into the end zone and hoping for the best. >> it wouldn't a game. it. ing america's economy. look, middle and lower income families tremendously benefited from president trump's tax cuts and jobs act and kevin brady was the author of the bill and transforming this country and creating new startups and women-owned businesses and startup businessings and owning more and creating opportunity and wealth for families. lock in the sun certainty and getting to play it into pockets of hard working families.

larry: cash free tax tips and overtime and lower tax rates for individuals and middle class individuals and i mean, i just don't want us to play russian roulette right to the last minute and that's why i wanted to do it now. right away and by the way, last point, the producers are yelling at me, last point, steve scalise, mr. trump, you know he's going to be wielding his tariff tool, okay. i think he has to. i mean, it's so much unfair trading and we're letting china and many other countries get away with murder and their tariffs are way higher than ours and it would be good to have a tax cut cushion before mr. trump comes in with the tariffs and that's what we did. coming in 2017 and i'd like to see the tax cuts get done this winter if at all possible. >> as early and boosting the economy and giving uncertainty

for this and going for them and president trump getting to keep the rates low and going with a very, very tight margin and it's going to be on congress and we want to deliver and let's get these big wins for the american people get them done early and meaux on and tackle more problem asks getting them to solve and getting a lot and big, big reforms and in the hard working days. larry: steve scalise. to resign from the fbi. who knows and maybe angels.

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larry: christopher wray resigning from the fbi. we welcome back missouri senator eric schmitt. mr. schmidt, welcome, sir, as always. before we get to angels in the sky in new jersey, i want to read you from truth social what mr. trump said about christopher wray. it'll end the weaponization. i just don't know what happened to him and they've done everything to interfere with my success the success of the american people and the country. christopher wray was appoint bid trump and he was a republican and wreaked h havoc and the

mar-a-lago was one of the worst things and going back to the bad old days with jay edgar hoover and my question to you, let me ask you this, so you're christopher wray and fbi director and if you're you're attorney general, biden's mer garland says to you, i want a dawn raid of mar-a-lago and go everywhere possible including into mrs. trump's private belongings and so forth. does the fbi director have to do it? going for merrick garland and it's cornated with terrible views and it's going to be -- coordinated views aning for the lawfare going over the

course of two years and it's important to take a step back and going over the hunter biden laptop and pre-bunking debacle that took place and going to told them and it was a russian hack and leak operation going for the fbi going for the laptop in the position since november of 2019 so the news rielle real going for us and stopping the story with amount of election interference and going for them and then going after catholics and parents that showed up to school board meetings of the patriot act and this is really egregious stuff and going for them and it's chris wray good riddance. he did a lot along with merrick garland to destroy the representation of the agency and i worked with a lot as attorney general of missouri doing law enforcement stuff so my hope is pam bondi and kash patel, who i

support, will go in there and restore the reputation and get back to fighting violent crime. not going after their political opponents like merrick garland and christopher wray. larry: amen to all that. yes, good riddance, i agree, 100%. trying to get to this and something you would know and i would not know. can an fbi director say no to a attorney general like i won't do this because i don't see sufficient evidence? that kinds of thing? can he say no? >> yes, he can. i moan but ultimately, merrick garland runs the department. the fbi is supposed to be just like the cia stood up and say could have done in a private conversation and not appropriate and we're not going to go in and raid president trump's home and

spread out materials on the floor and publish it had and really unusual. i'll tell you in my time as ag, none of these things happen unless the main justice in washington dc sign off on these and going to coordinate them and going for the conversation and private disagreement and never stood up and said we're not going to do this. larry: merrick garland had trump derangement syndrome and wray shared the derangement syndrome and when he had a chance to go after joe biden's documents, which were illegal because as you know, senators and vice presidents do not take documents away from the archives and they're prohibited and that stuff has never been tried in accordance. wray was soft on that and warned biden camp ahead of time. he didn't warn the trump people ahead of time. he was a bad actor and bad guy

basically. >> that's right and very well president trump because he was president could classify the documents on the way out and never fully litigated and it was true and the special prosecutor was unconstitutionally appointed by merrick garland and every which way you look, this was rigged and chris wray went along with it and on the hunter biden and jill biden piece, they're literally in the garage and in joe biden's garage with his son with all of his dealings with foreign actors for this in the garage and sent pictures that you can see with joe biden is i know going into the skiff, larry, i have to check my phone and can't walk out with anything and going for them and ultimately they did move forward because guess what, he wasn't competent to stand trial yet he was president of the united states. this whole thing, by the way,

november 5, larry, is the date where the fever broke on all this stuff. they rejected everybody and it's this system they put up to go after the political opponent like soviet union and they don't want it and the american people are coming back. larry: pam bondi and kash patel will change this. i know them both personally very well and i have total confidence they will change this and they'll get, look, get the politics out ken polcari force laws. anyway, senator smith, appreciate it. now, we're moving right along and talking to -- we've got i hope senator tommy tuberville.

we will have to wait one second and transfer microphones or a camera or something like that. while we transfer, i'm going to look at -- i thought i saw angels here in studio but they're just bright lights and they kind of shine on my glasses so i'm not sure. now, the drones with the floor manager and if he saw a drone, telling me not to worry and they're not from iran. i put them there onset and wouldn't do it. he's not dressed up for the part. it could be something much worse and no question about that. just as the chinese spy balloon turned out to be much worse than the people in the defense department and the intelligence agencies told us, which of course might have been more of the problems with joe biden and his unwillingness to tell the truth and his defense department

and his intel and his fbi. the whole thing is kind of tragic if you ask me. then there's the other issue related issue is very interesting and mr. scalise said some of my intel birdies about reconciliation may have been right and they have not yet determined whether one reconciliation bill to cut taxes as well as help the border or two reconciliation bills kind of sounds like trickles there's a discussion and mr. trump with the stock exchange tomorrow or not. they'll be together in mar-a-lago, florida.

it -- put them in the same large reconciliation bill and congress by the wayt becomes president oy fes wallets by march, okay. get those tax cuts in because that's what mr. trump ran on and that's the working class coalition was all about and whatever funds are necessary to close the boarder and building all for that and fossil fuels in order to go twice and don't do it twice, do it once. hard enough for essence.

joining me now, alabama senator tommy tuberville. enough panting and good to see you. mr. trump at stock exchange and going to be ringing the bell. you probably know and young henry cots probably briefed you and the consumer confidence is soaring, small business confidence is soaring and even business round table ceo confidence is soaring. all this after november 5. what's you make of it senator tuberville.

going for this and hoax of nonsense putting people under and trying to dig themselves out and going to put them in at the end of the day. president trump will be a blessing and good for the american people. larry: it's christmas and angels maybe going for new jersey and rescuing that blue state from socialism going for them. drones and i don't want to make anything of it. gnat torr, the other thing is going for them and the reigns leadinglation board and mcfar is woman and turned out that joe mansion and kyrsten sinema stomp it had out and that's a good thing it seems to me. all they want to do is stack it for the unions and not have fair elections >> well, end of the year, larry.

democrats trying to stuff their stocking with everything they can get. judges, people on different boards. we were able to block and had a pass today and kept control with the other four people on the board for the next two years and democrats would have controlled that president trump would not have had to control that. joe mansion, kyrsten sinema stepped in and stepped up to the plate saying this is not right and we don't need to do this. they blocked her and we'll have a opportunity. this lady came twice larry to create a union and calling foul on two elections. larry: awful sorry she didn't make the cut and proud at joe mansion and kyrsten sinema. 30 seconds, mr. tuberville. we're really late today and deputies block ago farm bill and

helping the farmers and giving us 30 seconds, senator. >> our farmers are going out of business, larry. these input costs that joe biden pushed on the farmers last few years, it's devastating and i get call after call. we're answer to interrogratory sell our farm. we lost 150,000 farms, larry, in the last few years and losing 100,000 this year alone and process are tanked and input costs are up and can't survive. big government wants to control all the files and they might have got a foot in the door and president trump will help him. larry: we're looking for hugh hewitt and lock in the tax cuts immediately and a man after my own heart and byron york. i'm kudlow, we'll be right back.

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ton much of reconciliation and may not be a second tranche. >> preach, larry, preach. larry: yes, sir. >> one bureau and president elect and calling up speaker and incoming majority and saying whatever is in that first reconciliation, make sure the tax cuts are in there because the economy is forward looking and small business is forward loolooking and cap x is forward looking and we need certainty to get the second trump boom going and preach. larry: yeah, byron ran on it and working class coalition of all stripes and colors and how many times we've all talked about this and the economy was number one and about take home pay and about higher prices and tax cuts including the tax free cash tips this was heart and soul of mr. trump defends help and put it all together.

may not be a second bill. >> among members of the transition and the top things to do have always been to one, fix the boarder and two, make the tax cuts permanent and three, get the deregulation machine going again because the president realizes that he was elected because of the economy and to fix the border. those are the things he was e lekked to do first, and i agree with you. on capitol hill, you never know if you're going to get another chance. if you have one chance to do something, you ought to take it. larry: hugh, it's like russian roulette and five days without tax cuts and don't know if there's a second bill as we said. you know what, you might wind upset sitting there and sucking your thumb at end of december and had the biggest tax hike in history under a republican administration. all the hope will be gone and too risky hugh hewitt.

>> it is, two things, number one, president elect at maximum of his power and bringing people to the line to vote for reconciliation. it's right now. no. t the economy has to be booming and a republican lake you and i, not sure about byron and going for them to work for 2026 and if they strike out on the first go, they're not going to make it on the second go. get it done now. larry: byron, one other point quickly, mr. trump will be using tariffs quickly and he is right to do so in my opinion. on fair trading practices but cushion the tariffs with tax cuts first. >> the theme of this transition is preparedness to be ready,e second time trump hares done tho and they'rmme getting ready.

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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. larry: so the question is, are they drones or angels there to rescue new jersey? only elizabeth macdonald can possibly tell us. liz: yeah, we'll try to take that on, larry, thank you so much. good stuff, friend, thank you, larry appreciate you. welcome to the "evening edit" i'm elizabeth macdonald. >> the failure that dishonored their 20-year service was the chaotic and disastrous retreat. >> the taliban was failing to live up to the conditi