today about everything is in the red. >> yeah, it's been a tough day from the stock market perspective. think longer term and thinking about where the opportunities are. we are anticipating slower growth in the u.s.. so that leads you even with some of the pressure we've seen recently to healthcare, to consumer staples where cob super wills have that in the last demand and not having a price request. liz: you're positive for 2025? >> we are. we think about the path of policy, needs to move low r to understand where we're going to be from a rate perspective. liz: good advice. roosevelt, thank you. tune in tomorrow diving into the fed meeting aftermath. lauren: hello, folks, welcome to kudlow, i'm larry kudlow.

so nine straight days of the dow in the red. worst streak since 19786789 steve forbes, david banson, jackie deangeles, wesley waiting in the wings and edward lawrence live at the white house with what all this means. reporter: larry, the dow is down, what, 267 points off this and you mentioned ninth day in a row and nvidia down 10% from the highs as could be a response to the factor of the economic data that we're getting in. that economic data has been very mix going forward and look at retail sales that came out today, month other month, retail sales stronger than expected

with this. credit card debt with this keeps rising and inflation trend has been ticking up over the past two months and core inflation without food or energy prices moving sideways the last three months and might have caused the fed to pause next year for rate cuts and we'll have to say. markets look eight months out and gauging in the federal reserve will not go as fast as first thought. earlier this month, i spoke with a san francisco fed reserve president mary dalely and she's a voting member and talked about how long that might take and sees the neutral rate somewhere around 3% which is a full percent or percent and a quarter from where we are now and that's multiple cuts and she hedged how fast we'll get there. she said we have to see incoming data to see how fast the federal reserve wants to keep cutting into next year. so the signals are a rate cut announced tomorrow and 25 basis

points and slower into next year and the market might be looking at. you know, the federal reserve says -- she also says the federal reserve will get to that 2% target and larry, as you know, the hardest part is that last mile going from 3%, about 3% where it is to 2% and that's how they'll get -- that's how they'll try and get there and the market is looking out saying, hey, we might not see as many rate cuts as we thought as quickly as we thought. back to you. larry: edward lawrence, thanks very, very much. folks, little different. trumpen growth is the supply side cure to bidenflation and that's the subject of the rift.. i've long been a believer in a buy and hold index fund strategy, ie passive investing. i know many, many smart people disagree and i respect that, but

that's still my view. all that said, it's not worthy that the dow jones index dropped nine state days a edward reported for the first time since 1978. over half the dow decline is a function of 20% drop in united health group, following the heinous murder of their insurance ceo, the late mr. brian thompson. just awful. aside from the united health tragedy, roughly two-thirds have palp during the nine day selloff, including nvidia, which has dropped 11%. s&p 50 has been roughly flat during this selloff. it gives me a opportunity to raise a couple of economic policy issues and may or may not have anything to do with the selloff, nonetheless nonetheless, the federal reserve will be making another mistake

dropping their target interest rate tomorrow as is widely expected and they'll delay the tax cut plans. none of this may or may not have a thing to do with the dow correction but regarding the fed, very interesting story from breitbart speculates that some on president trump's economic team are warning that inflation risks may be underestimated and jay powell must be very careful with the rate cuts and biden inflation is not dead. the data shows that in the last six months or so, various inflation measure haves not only stopped falling but actually ticked up. gold and silver prices up 30% over the past year, money supply measures picking up over the

past three months and asset prices, especially stocks, have been booming at least until recently. profits are the mother's milk of stocks, to my way of thinking and they've been very solid, but the original post-trump election rally was based on the hope that tax cuts and deregulation would boost business profits even more. that's not to say the trump plan won't be implemented, but there could be creeping concern that it may come way later in the year. you can be sure president trump and his team don't want a higher inflation rate by the fed and the new administration doesn't want a stagnant economy. so i have a supply side cure.

hocking back to late robert mondell was a dear friend and mentor in the late 1980s. supply side inflation and roler marginal tax rates and minimize economic regulations on business thereby creating new incentives for work effort, investment, and growth. in other words produce for goods and that by itself would lower inflation. second, mundell arguing to strengthen the real value of the dollar by printing fewer dollars. in today's terms, that means the fed should cut its balance sheet from a very excessive $7 trillion to maybe something like $5 trillion. the mundell combination would generate more goods, chasing less money, that is a cure for

faster trumpen growth and ending bidenflation once and for all. just think of it. and that's the riff. all right. there may be disagreement but that's my take. i'm joined by steve forbes, david bahsen and jackie deangeles, cohost of the big money show here on fabulous fox business. thank you, kids, very, very much. steve forbes, i go to you. i don't know what nine straight days of falling down means and some of it was this horrible united health group story, horrible story. obviously we know that. on the other hand delaying the tax cuts, i think might set up a risk and on the other hand the fed pumping more money in because they think they have to cut interest rates, even though bidenflation is make more risk also ask you knew robert mundell

the way i did. david, did you know him? >> i read him through you. larry: i'm a long time advocate and brilliant man and noble winner. >> and inventor of the euro. larry: right, but maybe not his finest moment. >> he thought the competition between the euro and dollar would bring out the best and never thought there was a race to the bottom. larry: that's a different segment, but you make a good point. basically what i'm saying is instead of easy money, and i'm not going to say higher taxes but easier money in delayed tax cuts, i would like to say immediate tax cuts and tighter money. that's all and that would cure the problem, what do you think? >> if the federal reserve which they never will do with this crew actually announced their goal was a stable dollar since money is supposed to measure value like a clock measures time, that in itself would get off this curve of the idea that there's a tradeoff between inflation and unemployment.

inflation is high, we've got to cut -- not cut rates but hurt the economy and so that's a danger. l other thing is uncertainty on tariffs and the delay in tax ccuts and inflicted wound and federal reserve not understanding inflation and you've got concern on the markets. right now everything looks good, but you can see where it can ogo very wrong, very quickly. larry: a great tariff quote from trump at mar-a-lago yesterday and not at all bad. on the other hand what you're suggest asking i'm going to satisfy and say what they could be headed for is fewer goods and more money, which is exactly the opposite of what mundell wanted. david, two things, one is what do you make of nine day selloff

on the dow and you're a big market guy here and two, the mundellian hypothesis was always a very sensible thing. >> every single word of your opening speech was utterly brilliant except the part about passive index. larry: that's pretty good. >> the entirety of the issue about inflation has to be approached from the supply side standpoint and i've been screaming this for three years and inflation is when there's not enough goods and services relative to money supply. you can solve that as was done in the 80s with more production of goods and services and do that with better insent evansville is and deregulation and lower marginal rates and just stopping punishment and so forth and the feds rate policy not having to do with inflation. they froze housing by going too low and spiked it up high and they have to lower rates to unthaw that's going on.

larry: that's more on the state level and doing more on that deregulation and state level. larry: how would that submit. >> that would be by definition and that's going for them and you're going to cut their dividends. larry: jackie, there is -- i don't know whether it -- again i don't know if that happens. not falling near enough on the dow. it's an interesting point. but as in it case of steve importance and i think david, i don't want to delay the tax cuts and i think that the -- you know, president trump has wind behind him and having a fabulous honeymoon transition and a powerful figure. i say strike while the iron is hot. go for growth right away. i'm in favor of closing the border too, lord knows, but i

think first thing they ought to do is at least lock in an extension of tax cuts whether they want to go beyond that 2.0, they can do that later today. very excited about what he might do and stocks up a lot and going for the last four years and real mess was created and got to work his way out slowly and tax cuts putting money in people's pockets and corporation pockets and making things more stimlative and that would be a good foundation to work off of and separates and hold it till july.

trying to get it all down immediately. larry: yeah, get it all down and have jason smith on and talking about it later in the show but i think that's an issue. i don't know where that bears on this and it raises warning signs and that's all i'm saying. we solve point number one and delay and going for people rallying and it's have administer, very brilliant very, very brilliant man and father of economics. going to howard lutnick and president elect trump on trade and tariffs yesterday in mar-a-lago. take a listen, it'll go on for a bit, but it's very interesting. >> the president has very clear agenda for tariffs, and i think reciprocity is something that is going to be a key topic for us. how you treat us is outrebounded you should expect to be treated.

>> it's reciprocal, if they tax us, we tax them the same amount. >> think tariffs might hurt the stock market rise and the economy more broadly? >> i didn't have any inflation and i had massive tariffs on a lot of things. 1890s, 1880s and take a look at tariffs, we were at our proportionately the richest. larry: listen, i was a young researchers for mckinnley and not as well as i hoped. okay, so the point is if they tax us, we'll tax them or reciprocity, if they bring their tariffs down, we'll bring our down and essence of trump indian tariff policy, reciprocity and i'll read very quickly, china tariffs are more than twice as high as american. brazil tariffs are more than 3.5

times higher than american tariffs and india tariffs are five times as high as american tariffs, and the world trade organization doesn't do a darn thing about it. so, i ask you, jackie, because i think this is a sensible, there'll be disagreement at this table, which makes life so wonderful among friends, but i think, you know, reciprocity is a very sensible policy. >> i think so and as president trump said weave been taken advantage of by a certain degree by other countries and ultimately what he's trying to do is solve the border crisis in some way with mexico and canada and with china there's a massive problem he's starting to tackle in the first term and didn't get there yet. i liken it to this, in the last four years, inflation driven by all the reckless spending by the democrats with the green energy policies and believed in them whole heartedly and drove our prices up. many american people say i

believe in them too and i'm willing to pay more for things as a result of that. why not believe in an america first policy to bring trade bace rather and have more fair trading? i would pay more for that? do i think we'll get to that point? i don't think so. i think this is a negotiation tool and everyone is a little panicked. i start panicking when he says we're going to do it then we can have that conversation. larry: the 15% rate for corporate. reciprocity, that's on the table. what trump said, i thought it was very moderate and didn't say we're going to go boom billion boom. we're going after china. no way around that. >> we're getting reduction of trade barriers and that takes time and there was a time with a

lot of nations instead of one by one and end of world war ii to 1980s it worked brilliantly and trade boomed and what harmed us is the regime we've created here on regulations, manufacturing being killed by regulation in the 20th century and $45,000 per employee is the cost of regulations versus $5,000 in taxes. you have a $25,000 in effect regulated tax on employees in manufacturing, guess what happens, we lose our competitive advantage. so we should clean that up here at home, and in terms of cutting tax rates and all, we'll be a mag innocent to come into the -- mag inn nathanial hackette to ce into this country and it'll be great. reagan's taxes took place and 50 countries followed suit including sweden, beloved by bernie sanders, and saw the world prosper. we have to show the way. stable money, make the dollar

king again. good as gold. larry: mundell, lower tax rates and regulations. >> that includes regulations and this economy would boom and other countries would follow and have to if the governments want to survive. every one of them. 20% approval. larry: better to cut taxes before tariffs, david? >> yes, not only for economics but political victory. he did it in 2017 and got it done and more leverage into 18 and going into trade and immigration and other issues and he'll get victories with the other domestic policy issue ifs he starts with taxes and lower hanging fruit. it at the ebbed of the day, buyers and service connecteds can decide if it's a bad deal and think there's barriers to trade and too expensive, they don't have to trade, and that's the problem to me. i get it, politically, he's tapped into something and i can't help myself for believing economically i don't really want the white house deciding what's

a fair trade deal either. i want buyers and sellers doing so. but it is -- larry: why not level the playing field? we have to go but what mr. trump and howard lutnick is saying we have a busted trade system and we have the biggest market. they want to sell into our market. we should do something to pto"protect ourselves" and if yuppies cut we cut or don't cut we won't cut. it's a america first. >> i can do it in five seconds. what steve said was important. if you want better terms for america manufacturerrers, don't worry about indianapolis data committee but worry what you're charging them want our tax and regulation ecosystem is too expensive and the fact we refuse to commit to king dollar and continue to let the exchange rate be a force of manipulation in this. we don't have to worry about

what they charge if we would stop overregulating our domestic manufacturers. >> i like that. larry: right. there's a lot of sensible things going on here. it'll all play out. that's all i'll say. david bahnsen, when does this dow correction end? >> who knows. what's interest asking nine days in a row it's a lot. it hasn't gone down that much. couple percent and way up. larry: 3.5%. you can see why it got my attention. >> it did and nas data nasdaq at all timehigh. a lot of bad things in 1978. >> but they reduced capital gains tax too. larry: oh, god, that is true. you're right about that. carter, you're right. it wasn't his idea, but thank you for that. thank you, david, and jackie deangeles, greater thanks. catch jackie and brian brenberg and taylor riggs on the big

money show 1:00 p.m. weekdays an fabulous fox business. are tax cuts coming first or second? we'll ask weighs and means chair jason smith what his forecast is. he's got to know something about it. he's the big shot on taxes in the house. me, i'm little kudlow. robert munde ll, folks. going up him up. one of the fathers of supply side economics. i'm kudlow, be right back. ♪ we're not gonna talk about traffic or weather. if anyone brings up lawn care, i will handle it. hosting can be extremely difficult for young homeowners turning into their parents. oh, are you done with this? i'll just take that. okay, he's still drinking. right. oh, look what the cat dr-- no, no. let's try again, if you wouldn't mind. it gets ugly. you can either take it off or i'll take it off you. yeah. progressive can't protect you from becoming your parents, but we can protect your home and auto when you bundle with us. but you love to take it. she doesn't want it. meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer!

each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf. hillsdale was founded in 1844. we're passing on a cultural heritage, the culture of the west. when the federal government started giving money to colleges, we didn't take it. that independence has allowed us to stay with our mission that we established 175 years ago. because we don't accept federal money. we are free to concentrate on the mission of the college.

we care about freedom, and that affiliates us with the free institutions of america. (♪)

♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪

larry: we're joined by chair of the house weighs and means committee jason smith from the great state of missouri. thank you for coming back on. i don't know if you heard any of our opening segment. i'm not saying it is related, but we've had this might be day selloff in the dow jones and i think some people are concerned if we delay the tax cuts, that'll be a negative effect on economic growth this year and next year and actually fayetteville feed into inflation this year and next year.

what do you think? >> 26 million businesses want the certainty and the certainty their tax rates not going up 20 percentage points and they're making the decisions to invest in their businesses, to grow how many employees they're going to have, how the wages will be affected and there's numerous items that are important and the sooner we can run out of the gate, past these -- pass these tax extensions and deliver for the american people. larry, 77 million americans spoke loud and clear that they support president trump's economic policies and congress needs to deliver straight out the gate on it. larry: i'd add one little thing and growth factor and lower tax rate create incentives to invest and grow the economy. if you have high taxes, that's

inflationary and low taxes are counter inflationary and bi bidenflation left in the system. >> why take any cha chances andf congress does not act on these expirations of tax cuts, every single american, larry, faces a tax cut. let's get the job doned toment not put off tomorrow what we can do today. in washington you see so many politicians kick the can down the road and deliver nor president trump. the house weighs and means republicans have been working on the president's tax bill since april and all the policies that have came forward, we're ready. over 20 states and 10 different meetings with stake holders and site visits, let's get the job done. larry: you can do it rapidly and that's very interesting point. our friends at house freedom caucus, there's a letter out to

speaker johnson, you've probably seen this and i will read it quickly. they're suggesting president trump's agenda will be enacted border security must move first and then we should move forward on a second larger reconciliation bill covering taxes, spending, energy, bureaucracy, and more. i think they're suggesting you can get the border security reconciliation bill done in january and then move to taxes in february. do you have a reaction to that, jason smith? >> we need to do it all, the border, energy policy and tax cuts and cut reckless spending. those are all things we can do in one package. larry, what i would just remind people is that congress mas not signed and passed two different reconciliation bills in the same year since 1997 when newt gingrich was speaker ask we had

a much larger majority. we have the smallest majority of any congress since before world war i. why do we think we can defie those odds is beyond me. larry: yeah, playing russian roulette and have you spoken to president trump about this because i think he's going to be the final decision maker. >> larry, i have not and he's absolutely the final decision maker. i'll respect and do whatever he wants in regards to this. it's his play call and that's what we'll execute. but i want to make sure he has all the information at hand and what i think is the best result to have the biggest win of his priorities done as quickly as possible. larry: i just think, we don't have much time, sir, but what you're saying is you basically have a tax bill ready that could qualify right away out of the

gate. >> the president has been very clear and wants perm seizure disorders of his ex--- perm nancy of his expiring tax bill of 2017 and social security tax benefits and these are the items he's campaigned on, making sure there's a tax incentive remaining in factor in the united states and we're ready in weighs and means committee to pass the legislation and move to the united states senate. larry: terrific stuff. weighs and means chair, jason smith. thank you, sir, and have a very happy christmas and seasonings s greetings. appreciate it very, very much. coming up, why was the fbi spying on the next fbi director? we'll ask miranda devine and caroline downey, they're up next on kudlow. ♪

since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™.

your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai.

confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com.

lauren: why was the fbi spying on the next fbi director? seems that's a big career mistake. let's talk to miranda devine. fox news contributor and written on this extensively and caroline downey, staff writer at national review. miranda, i -- maybe they didn't think it could ever happen, but it's going to happen, and i think kash will be confirmed and fbi spying on him not so long ago. >> absolutely because he was uncovering their malfeasance in the russia collusion hoax and they were investigating how that happened and who was behind it and why the fbi was setting up trump and spying on his new administration officials. and he was getting to the bottom of it, and he did. he only found out recently that in 2017-2018, the fbi had covert

surveillance warrants on his cloud. larry: did they ever say why they had these covert surveillance in >> no, i'm sure he'll find out. larry: there'd have to be records. >> yeah, and rudy giuliani suffered this same spying by the warrant and he didn't know till well after and the fbi had access to his records and e-mails alaska the laptop that he was looking at in 2020. and they never really gave an excuse other than there was some sort of pfizer information that came to nothing. larry: caroline downey, i think kash is doing very well and i think he'll be confirmed, but you have to ask yourself how stupid are they? really, i mean i know this fbi saga and miranda wrote

brilliantly about it and we've talked about it before. it's an abuse of power but it's also i think politics. it's left versus right and they don't like conservatives. >> of course, and we saw that with how the fbi targeted parents as domestic terrorists for daring to criticize radical obscene curriculum and k-12 schooschools and disproportionay violent raids and that was heavily leaning on the conservative side. there's a bit of dissent in national review about what to do with the fbi and that's interesting because andy mccarthy, my colleague, said it's corrupted because it's transformed itself from a law enforcement agency to an arm of the intelligence community, which was never part of its original mandate. charlie cook said let's dismantle the fbi all together, but it's interesting the derangement syndrome going on with kash patel and john bolton accused him of being a soviet. larry: bolton is a friend of mine, former colleague.

he's not a trump guy. i get that, but, gosh, he tied off. i didn't understand that and i was so disappointed. >> he compared him to the soviet architect of the show trials and to the guy that scaled up the guaranteed credit logs and basically said he'll be an enemy of the republic. it's ironic because under the biden administration, fbi called out a lot of people as enemies of the state as i utah lined. >> including trump. >> including trump. the way they advanced this idea he colluded with the kremlin with no credible evidence. larry: really disappointed me. miranda, how is robert f. kennedy jr. doing or how is he going to do? >> look, he may have some stumbles, i'm sure there's a whole upper research teamworking on him, but i think he's so far been terrific and a whole lot of journalists hounding him in the hallways meeting senators and saying do you agree with the polio vaccine? and he's like of course. he's not an anti-vaccine.

as he said years ago, he got mercury and started talking about mercury being in fish and no one called him anti-fish. he's just questioning, as i think, most parents do that children before they're even 1 year old getting dozens of vaccinations and talking about being healthy and not using drug to make yourself healthy and using food as a medicine. these are all things that americans are wide awake and want to have. and donald trump owes him. he was a democrat and he's a kennedy. i think he added a lot of luster to the campaign at a crucial time. so he propsed he'd make america healthy again and he deserve as chance to do that. larry: and, caroline downey, so let me get this right, once upon a time, tulsi ba b gabbard talko

assad and putin or russians and that's become a sin. you're not allowed to talk to people in another country. that's a lot to judge her on, plus or minus, but the fact she once traveled overseas and was on the intelligence committee or foreign affairs committee or a security committee. why would that disqualify her? >> i believe the heart of this is she's critical of war and she'sed a voterring for a foreign policy of restraint and that goes against the apparatus currently in power and regardless of party, look, i don't think she'll be relied upon for her foreign policy expertise as much as her ability to reign in the rogue elements of the intelligence community. that's what's most important about what she's being asked to do. larry: are the democrats the war party? this is unfair. but i can't figure out what they

are. >> it's interesting because i have so many friends who are my age who are old school liberals and they're clearly torn about this because they don't want the draft to be re-instated and their brothers and their significant others to have to go off to endless wars that may not have any real reasoning. larry: when i was in college, which was way before you were born, but democrats were the peace nit party. they didn't like wars and now they seem to -- i don't understand this. >> the warmongerrers and they love the republican neocon and dick cheyneys and liz cheneys and john boltons and now they're sort of ka quasi democrats. larry: good for you. you got the last word on that. that's a beauty. john bolton is a long time friend of mine and kind of

disappointed l. thank you, both, very much. going to steve koonin and hoover seen yore fellow and author of unsettled and writing very interesting. haven't seen you in a long time and right way for trump to ditch the pairs are agreement. there's right ways and i hope he does it soon. 12 trillion, that's how much we spent the last decade or two. was that your number or born boe lomborg's number. >> of course, the rest of the world needs energy and they're burning coal in order to get it. larry: why do we want to continue this? then you say, i love this in your opportunistic ed in "the wa"thewall street journal," thea

temp sheet on it. based on some fear of vague climate catastrophe, the u.s. wants to spend autothis more money. that's what it is, you've proven that. it's a vague climate catastrophe that never seemed to happen. >> i keep asking the people who are kansascatastrophe enthusiasd can't get a straight answer. drought, flood, heat. you can't get a straight answer. larry: then you say we shouldn't subsidize or mandate the deployment of immature and ineffective technologies and offshore wind farms and residential heat pumps and electric cars that nobody wants. look, you're just being common sense. that's what you do as a scientist. so jurisdiction pull out. i'm sure trump will.

>> i think we should but at the same time we should work to stay engaged with the rest of the world by making sure we get energy to the people who need it. independent of the source. coal, gas, renewables. get them the energy. that's the first priority. larry: all above strategy, and that's -- you're saying let's export that? >> that's right. it's a ag benefit for us and keeping us engaged on chinese influences on developing systems and export an enormous amount of natural gas and so much pomoxus ten and shall friends and make people's lives better. what can be wrong with that? larry: nothing. nothing at all. wish i had more time. it's a great piece. right way for trump to ditch the paris agreement. steve koonin, thank you ever so much. appreciate it. quick break, folks. after this, texas congressman

wesley hunt and talking to him about tiktok and talking to him about drones. maybe we'll get to mr. trump's border wall equipment next up on kudlow. ♪ after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪ ♪today my friend you did it, you did it♪ pursue a better you with centrum. ♪

it's a small win toward taking charge of your health. ♪ so, this year, you can say... ♪you did it!♪ i'll be home for christmas. you can count on me. please have snow and mistletoe and presents under the tree. right now all over the country, kids at shriners hospitals for children™ are able to go home and be with their families for the holidays. and it's only possible because of the monthly support of people just like you. thanks to a generous donor, every dollar you give, will go three times as far to help more kids.

with your gift of just $19 a month, only $0.63 a day. we'll send you this adorable love to the rescue® blanket as a thank you and a reminder of the care you'll be providing so kids can be with their families. christmas eve will find me where the love light gleams. it only takes a moment to call the number on your screen. or you can visit loveshriners.org right now on your phone or computer. your gift of $19 a month will have three times the impact in the lives of kids like me. because every child just wants to be home for the holidays, and your gift makes that possible. your call is the best gift of all. your gift will be my favorite christmas present this year. please call the number on your screen or go online right now with your monthly gift.

and when you become a monthly donor, your first gift will be tripled. thank you for giving.

♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ larry: joining us now, great texas congressman wesley hunt.

our dear friend. congressman, thank you for coming on. i got to -- you're a former apache helicopter pilot, god bless you for your service and patriotism. the drone mystery continues, wesley hunt. some people are now saying these are defense department exercises that are on the level, but the government doesn't want to tell us. you're talking to somebody that doesn't know anything about it except it's a hot news story. what do you think, sir? >> larry, the crazy thing is you know as much about this as i do. i'm a member of congress number one. the lack of transparency we have seen this administration for the past four years is a cleat disaster and -- complete disaster and chinese spy balloon and farmland outside of the basis and it's not nefarious intent with the drones and american public is sp spectacle anything this administration does and for the record, be

transparent and what's going on. american public need to know. we don't trust the media anymore because of stuff like this. notice, this is not happening in texas because in texas, i'm not sure how long the drones would be flying up there. they'd have been shot down a long time ago and got to tell people exactly what you're looking at and doing. lack of transparency is what the problem is right now. larry: sir, you think -- lack oa problem in terms of national defense and security? >> it could be but again, like i said, larry, you know as much as i do and i'm a congressman. if it is an issue of nags until security, let the american public know so we can be vigilant so we can understand the government is working to protect us, not working to hurt us. the problem that we have right now in our country is that we assume nefarious intent from our government because again, an overall lack of trust. when you have random drones flying over your home, i can't imagine what i would be doing if i had random drones flying over

my home and issue with the biden administration and lack of transparency for the last four years and breeding civil unrest. larry: last one, the state of texas buying up all these spare parts and equipment from the border wall that the bidens want to sell for five cents on the dollar, which is pretty pathetic. bbravo for the state of texas ad tell us a bit about that, but the border wall is important and that equipment for the wall is to the cheap. >> well, the border wall is critical and let me tell you something, larry, we already paid for this. biden administration stopped construction of the border wall. we should have continued to build the wall no matter what. should be an apolitical issue and somebody that's traveled around the country and deployed all over the world, walls do work. that's why president trump wants to implement this. walls and we defend our southern border and now that we're selling it now back to texas and thank god for governor abbott and his initiative on doing this and we can begin construction on this thing after january 20th, it's a beautiful thing. again, this should have never

stopped in the first place. larry: yes, sir. congressman wesley hunt, sorry, we're a little short today.id appreciate it. t happy christmas. evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase!

larry: i know not everybody agrees with me, but i say cut taxes first. that will grow the economy, and it will end biden-flati, on on the supply side. that's what i think. and then do all the rest of that stuff on the border, etc., and most important, we'll get to the liz macdonald. elizabeth: if you know what? you just took the whol