larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so with an evil tragic

terrorist trike in new orleans, all the more important to usher in the trump era, by moving speaker's vote in republican house and certifying the election, and paving the way for mr. trump to hit the ground running on january 20. in a moment we'll lead with speaker mike johnson on this and more, and later we talk with former secretary of state mike pompeo and former speaker of us on newt gingrich, but first up fox news aishah hasnie live on capitol hill with latest on the attacks in new orleans. reporter: from lawmakers, privately, those who are on record there is a lot of frustration about how the fbi missed this guy. sources tell me that fbi told lawmakers today they had zero intelligence on jabbar before the attack. they were not tracking him whatsoever, they believe he

was inspired by isis, not directly getting directions from the terrorist organization. jabbar claimed to have joined isis before this summer, posting 5 video on facebook, supporting isis, the night of the attack, he had an isis flag on his truck. i am told fbi is questioning's houston mosque, some lawmakers are mad that fbi knew nothing about him until it was too late. >> you are right, it was the a failure, we need to look at whether we have intel indicators, how high of radical -- how he was radicalized on-line. >> fbi more interesting in tracking down people protesting election on january 6 in 2021, they raided mar-a-lago and went after pro life protesters that is a misallocation of resources, based to leadership of this

administration. reporter: and several lawmakers have told me they find it very hard to believe that this was not connected somehow to las vegas trump tower explosion that happened on the same day. they want more answers about that. republican senator josh holly is calls on the department of homeland security secretary mayorkas and fbi director chris wray to come to capitol hill in person, and answer questions testifying in a congressional hearing immediately. larry: all right, aishah hasnie thank you so much. >> let's reelect speaker mike johnson to move the trumpian blue color boom agenda at warp speed, that is the subject of the riff. >> this past monday, president trump issued a i tendorsement for reelection of speaker mike johns joption.

johnson on truth social, mr. trump wrote: mike has my complete and total endorsement. maga. all right, then next day, on new year's eve, walking into his gala party at mar-a-lago, mr. trump reiterated his support for speaker johnson. >> support speaker johnson, i think we're going to have a great time in washington. i think we're going to get great support, he is the one that can win right now, people like him, almost everyone likes him. larry: all right, so and add former speaker newt gingrich to list of johnson endorsements who said republicans should not waste time with an ugly floor

fight. and g.o.p. needs to get behind the p speaker. >> so any number of republican luminaries have endorsed mike johnson for speaker and with pleasure, let me add my name to the list, he is a pro growth supply cider side, on tax cuts, a tough hawk with closing border. and eradicated terrorism hire at home. he is a law and order man, for drill, baby, drill. believes in trump's america first peace through trudge foreign policy -- through string foreign policy, speaker johnson is a common sense conservative, and has been accessible to media, tomorrow, house will convene to start 119 congress with election of the speaker of the house as first order of, i would remind folks that monday, january 6, house must vote to certify the presidential election.

without a speaker, house cannot certify. and if the house with the senate -- can't certify, president trump may not become president trump on january 20, think of it this is no time to dawdle. g.o.p. house and senate should hit the ground running according to since ysigadviser close to president trump he wants to see one big beautiful bill on his desk as fast as possible. during the campaign, mr. trump's working class coalition was repeatedly promised fatter wallets, added take home pay a tax cuts, cheaper energy and closing the border and so forth, promi ises made,

promises kept. one big recon bill can combine all matter of fiscal policies requiring 51 vote majority in republican senate. let the blue collar boom bin begin right away. and senator mike crapo ready to deliver a big tax cut. and whole bill could be done before midyear. and it would help president trump fulfill his overwhelming mandate for change. that is my riff. now. more importantly joining me now speaker of the house mike johnson of lose louisiana. thank you for your time sir, i know it is hectic. >> hey, larry, great to be with you, i appreciate your endorsement and humbled and

honored to have yours and president trump's and former speaker newt gingrich, everyone saying the same them we have to stay unified. we can't fulfill the promises if we don't stay unified, i think it begins tomorrow. larry: let me quinn, quickly, a lot has been said and reported. here we are in the later afternoon, your thoughts on the terror in new orleans? you are from lose l louisiana. people are criticizing the fbi, intel did not know it was coming. you probably know a ton more than i'll ever know about this, is there anything you have to add, what are you thinking, here, sir? >> i wish i had more on add, a participated in classified

level briefing this afternoon. by the intelligence agencies and fbi. i talked with my governor down in. jeff landry, and our attorney general. local officials are doing all they can, we need our federal partners to do their job, there was some frustration, i think it will well placed. for 4 years, the biden administration has taken eye off the ball, they did not prioritize in our view the right things, fbi was off doing the various things putting emphasis in investigation and eye on whi conservative catholics and tries to convince us, biggest threat on home l homeland, we need add change, this emphasis why this election

was so important, we cannot get president trump here soon enough, 18 days away from his ina inauguration and his cabinet coming in. we need all these people to get control of these agents to get to work immediately. larry: the tragedies happen, always, i believe correct me if i am wrong, two tops were hit, wounded. but they are okay. is that true? >> that is the latest information, right, i think there is now 15 confirmed dead. 14 or 15 and this a tragedy, a lot of young people, innocent people out enjoying the new year. this vicious attack pure evil. and you know, it -- the problem we have right now, that this seems to be very reactionary. when we have known for many months that an attack like it was possible and perhaps imminent.

fbi tr direct direct wray testified in spring allred lights were flashing this was a potential situation. and idea that somehow we missed this guy being radicalized is a concern. larry: our hearts and condolences to everyone. to all families, i hope that those who are wounded can get through. let's talk about tomorrow's vote on the speaker ship. how do you look, sir? >> i think it will be okay. we'll have maybe one no vote, i think we get it done first round, we hope for that we have to stick together, we'll operate with smallest margin in u.s. history for much of first hundred days of congress. they can put aside their

personal preferences every day and work together for the team, i think that everyone understands the mandate we have, important of moment, i think they will come get along. i am a proven fighter, i am a maga conservative, i am also someone who can get everyone in the prodi brbrodbrodeur -- brode array to work together. larry: is president trump making calls for you, sp speaker? >> i was with him gets at mar-a-lago, he and i and jd vance, we talked about the legislative strategy, he said who do i need to call. i don't think he is calls this afternoon, i not identified anyone he needs to lean omy conversations with my colleagues have been great, a lot of members come in, in good faith, with process improvement the, we're shifting on a newer

paradigm we'll have a unified government, control of white house, senate and house, 60% of house republicans never experienced that before this is a different environment, existence when we are in a law makingic exercise every day we have should more fun to run our agenda. larry: no time for dawdling, you have assert wei casion process on certification process on monday. something has to give. proceed rally, if we don't have a speaker we don't have a house we don't h have -- certification then we don't have a president trump. >> we would have a constitutional crisis. you have to have a speaker to begin and commence

congress, we'll get 119th congress going, i believe we could be the most con sequential congress of modern era, we have discuss we'd have to fix everything. that has to begin to day one. we don't have any time to waste. and i think that everyone recognizes that. larry: speaking of fixing everything and blue collar blooms and safety at border and maybe stopping te terrorists, some people close to mr. trump report he's is talking about one big beautiful re reconciliation bill. what do you make of that? how it might work in senate side? >> well, i think senate will get it done, i think all

this begins in house, i believe that we'll be able to build the coalition to do that one big beautiful bill will have a lot of components if that is the play call, there is a lot of merit to it we have to get tax and energy and border and everything you said all in one big shot. the clock will be ticking we'll have a lot of pressure on us on time, american people want to see results, some of those negotiations by design take a long time. you have to get it right. i tell you, everyone here is ready to roll their sleeves up get the job done we will put in process and procedures to make the collaboration ha -- happen on a quick time table, i think we'll be able to get ball over goal line for the people it will be a huge thing. larry: i don't want to obsess about it but permit me a bit. moderate obsessing. it will be hard to get two bites out of the apple, you will have a tight majority

in the house, very tight, discussion on continues resolution to large extent shows that. people who think that you can get a quick reconciliation bill, there has to be offsets to any border spending anyway and defense increases. i just think mr. speaker, i think one big beautiful bill is the way to go. and i do think you know, mr. trump got a mandate for change, a huge one from his work are class coalition. and the prospects of assuring or reassuring people fatten your womanets, you will get the -- your wallets, you will get the tax cuts, blue collar boom can begin right away along with closing the border and so forth, you owe it to your majority for one big beautiful bill. >> you have made your case, well professor. and we're all listening.

we cite c kudlow on the hill, well l.a. county public -- larry kudlow say tthere are a lot of smart people, it is valuable. it is a big complicated thing, but something we're will do. you know my, i appreciate your insight on that, and others, i was talking with urthe incoming treasury secretary. and steve moore and art laffer and the rest, everyone makes a compelling case about one-bill strategy, this is about measures probabilities of passage, we have to take best shot to get it done, we have noma no margin for error. larry: i have a point of view, main share that, you mentioned a bunch of people that share that point of

view. i think you know, i mentioned about president in his own language, one big beautiful bill, he has been sped -- steado this i had reports from others, yourself including that this first surface at army n navy game, i think promises made, promises kept. you don't want to make mistakes of 2017, quixotically republicans republican after obamacare and this and that almost did not get that tax cut through this time russian roulette with a tax hike. i don't want to obsess about it at least not overly obsess. in kudlow terms, i think that is just -- you heard me out on that, you have been kind. and been very access in ible to media, i know you will be tough on other

matters, and the border and terrorism. one thing for sure, sooner we can get dru trump in in, sooner we can get his agenda moving and hit the ground running perhaps with god's grace less will have to worry about jihadists and isis and al qaeda in united states. as well as combination of economic slump and high inflation, the lord will play a role but i say sooner the ber, how about that. >> absolutely, right, a great way to conclude it make america great again, we will. larry: all right, speaker mike johnson thank you for your time, you are busy good luck to the vote tomorrow, sir. >> thank you. >> happy new year. >> thank you. >> on kudlow, will tax cuts drive the bond v vigilant out of the way, long-term rates are going up, we talk

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larry: will tax cuts drive the bond vigilante out of the way, we have john c carney breitbart economics and finance editor. and taylor riggs, co-host of the big money show on fabulous fox business. happy new year, kids. >> happy new year. larry: john welcome back. i am getting at in hig my open odd way, fed cut target rate by 1%. guess what, 10 year bellwether treasury, an indicator of inflation fears, has gone up not down, but up by the same 100 basis

points or 1%. if you buy into this, there will be trumpian inflation. that is not what he hoped for, my question, maybe the tax cuts can produce more economic growth or more goods and services and combat inflation or maybe we're doomed because of fed is running monetary policy, john? >> the bond market is rejecting fed cuts, they tell fed they did the wrong thing, the fed is now rejecting its own cuts, saying we might cut twice this year, looking at market pricing maybe one more time this is a retreat from where they were, there is a danger they may have reignited inflation, the way out of it is companyian economic -- trumpian economics, we need more on supply side. we don't want to key qsqueeze the economy to a slowdown, we need tax

cuts to ramp up production. larry: stocks, you know, i don't want to take it too far, they are threats. not necessarily facts. it is interesting stock market turned shaky in the last month, it had a fr -- great trump bump after enough 5 election, taylor, you look at this let's say 10 year treasury now about 4.60ish, if it got to 5 or 5 and a quarter could signal -- not the kind of scenario that an incoming president would want to have. >> different from 2016, i am glad you mentioned 10 year at 5%. that is the magic number that we hear about, that will be big pressure on the equity market, simple math higher the discount rate, the higher the 10-year

yield, lower present value of my stock, if it goes to 5%, mass said my stock is worth less that is just the way it goes, getting up to 5%, the bond vigilantes fighting it, i will just -- >> the bond vigilantes, they say don't. right now. >> correct. larry: joe biden said down to russia, nobody listens to joe biden. i think that everyone listens to bond market, they say to fed don't. the fed may or may not listen to the bond market. >> there is the rub, fed -- i think at some point, john maybe you can jump in, the fed will have to listen to the bond market, if bond market is revolving this tells us that is signal, higher inflation maybe higher growth, none of that said that federal reserve should be cutting, we need to when you think about what

will tame the bond v v vvigilante is gets budget under chrome. >> i think we're going above 5% on 10 year, the problem, once you get up that high after 22% rise in stocks, probably looking at 5 or 6 or 7% in some time of future for stocks, if you can get that risk-free with a 10 year that will take a lot of money out of stock market, you can go to bonds without volatile you get from stock market, so that means that you have another alternative in stocks, stocks were up because there was no alternative, now bond yields go high enough. larry: what mr. trump wants is a blue collar bloom. he doesn't want the bond market to get in the way. he doesn't want j. powell to get in the way. he doesn't want chuck

schumer to get in the way, he wants to hit the ground running, after a big recon bill to cut taxes open the fossil fuel spigot and choice the border, he wants apply collar boom -- apply a blue collar boom, he wants to say i'm keeping my promises, i'm saying, right now, the fed is making the promises look shaky. at least in the short irrun. >> it is this cut they did in september, very irresponsible that locked them into november and december cuts was terrible. it has put trump's ability to get his agenda through a little bit in danger. i will say he should keep pursuing he should not let what is happening in bond market stand in the way, people will say you can't cut taxes because of bond

market vigilantes are coming in he needs to cut taxes 54% of americans personally expect trump to cut their taxes. if he disappointed the expectations, for tax cuts, i mean, it is game over rail for the trump administration. >> that is what i mentioned to speaker. hate to be on sis about it but i -- obsess about it but i will, how many brainiacs should we let in. >> more than 80 thousand, right, h-1b visa, b stands for brainiacs, l.a. county public larry -- l.a. county public larry kudlow and i decided that today, we' those who are smart who love this country and work hard we want them here. >> pro brainiac. >> not unlimited. >> we know how to do hard-core admissions here, we have ivy league colleges that really, try to weed out the under performers, we can have high skilled

immigration, we're just not doe category it right, right now, right now, we -- we need do start testing people to come in if you story 90 -- 95 first or higher. come on over. if you story below that i think maybe that the tech guys say we need you are wrong, wemememe want highest achiefers. >> we don't need program needs reforming. john carney if you and taylor riggs, taylor with co-host brian brian and brian brenberg and jackie deangelis on the big money show. up next. how many isis or al qaeda cells are actually operating in america? right now? that is important question. wild ask former secretary of state mike pompeo when kudlow returns. thank you, kids. d you saved huns .

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larry: question, rel vent today, how many dis jihadist cell bl blocs still operating in united states, my friend mike pompeo, thank you for this. i know a lot of people asking you a lot of questions. i don't know, i have never seen a head count, fbi of shaking on of when it was in new orleans terrorist or not. does anyone have an idea any intel that can be publicly shared how many isis are here in how much al qaeda? >> to you. i don't want to give a number. but we know the answer to this. we know that the american capacity to push back against the radical islamic terrorism is less than it was 4 years ago. you remember we took off in 2017, president trump came

in isis was running free, cutting heads off people in beaches in middle east, and threat in u.s. was real. president trump pressured radical islamic terr teterrorism everywhere, that is nod model we need to get back, to there are too many terrorists working united states or attempting to get here. this is a r real that will, we saw affects of that yet in new orleans perhaps in las vegas, we have seen it in europe, when you are afraid to speak the truth, you get more of it, and that is place that united states finds itself today, for 20 more days we will suffer from a weak leadership allowing this to grow here. larry: a lot of people say a lot of terrorist threats come through the northern border, the canadian-u.s.

border. i know there will be a change of government there, from your experience and research and intelligence, how much of a threat is the northern border? >> all of our borders, when not controlled properly are real threats, we saw this in the east with border crossings there and vancouver, seats seattle in west as well, we thwarted during my time, a number of effort to move through canada. it is a real challenge, it is our ports of entry as well, not just border crossings, but think about airports and how goods, people all of the things that make terror plots successful can move into the country, we have to full on tackle this department of hhomeland security and fbi and intelligence direct

comp collection abroad need to get together. larry: i want them to get there, asap, i don't think if they would have thwarted horrible thing in new orleans, but i would people better if they were doing some house cleaning how about you? >> there is no doubt, this administration whether it was secretary mayorkas or the leadership at agency have not done enough, we saw in afghanistan, we saw the results of this on october 7 in israel, islamists believe they could roll u.s., we need a new team, we need focus who will focus on this, apply resources and reduce the risk, it possible, you saw it, we know it i pray it will happen soon as they get in. larry: okay, i'm with you on that i know you want to make

a pitch nippon steel buying u.s. steel, latest is they say any changes in management or operations or opening closer plants can be adjudicated through the incoming white house. i don't think that mr. trump yet looks favorably on the nippon steel takeover. the committee on foreign investment has thrown this over to bi to biden, they punted on it, what will happen? >> well, up fortunately that commit that was responsible for evaluating that security risk became li plight politicize, this is apply japan. -- this is an ally, japan, i hope that president biden

will approve it if not i hope that president trump will reconsider. they all favor this it is good for workers and community, i hope they will see that this is good. we want to build things in america, president trump said it. nippon steel agreed to invest billions in pennsylvania to do just that. that makes sense for american national security. and great sense for american steel to be produced here at home. larry: maybe only way to save u.s. steel. and mike, you know, back after all those meetings with abe. the great prime minister of japan, japanese carmakers have domestic content in u.s., i don't see what the threat s nippon says what will do, i don't know. i lineup, i would let it go through. i'm not running the show.

actually, the last word, mike pompeo. >> thank you, larry, i hope that makes it it is important for america and the workers there. we you know taken billions of taxpayer dollar to have semiconductor manufacturer come to america that is fine. this case we're asking -- have anonym japanese put their money at risk here in u.s. to build american jobs. larry: the japanese will hire more american workers than american -- >> by the hundreds, larry. larry: okay mike pompeo, happy new year, sir. >> thank you, happy new year, larry. larry: we'll pivot to my friend, mentor newt gingrich former speaker of the house, fox news contributor, newt happy new ye year. we had the current speaker of house, i know you endorsed mike johnson, only a couple days to go to

january 6 certification of the election. my point, johnson is a good man, second this is no time for dawdling and let's get trump agenda going again. if the horrible new orleans thingses thank you not prove, that nothing else well. >> i think that mike johnson has hardest job in washington, the smallest majority, i think in history. and he has shown he has patience t the -- calmness, almost like job, selling to sit and listen to talk. some people would like to wave a magic wand and throw a temper tantrum and have the world change, that is not how this works, with president trump's leadership, and with senator thune's leadership in senate, and with speaker johnson, i think if republicans will agree to work as a time, and ridge

la-- legislating as a time sport -- team sport, i think they can get an amazing aim done, as you know, we're together on the urgent need to pass a really large tax cut and deregulation bill, that can get done, it will require everyone republican even most self righteous to decide that they are part of a time, they will get best deal they can get in the end they will stay together. and i am very concerned because there are a handful of them who think they are somehow so much smarter, and so much superior they can reject the president, they can reject you know virtually all of the member was of their conference and go off and cause chaos. follow be -- it will be a very bad thing for america if speaker johnson is not elected tomorrow and a very complicating thing for president trump, who is

getting formally elected monday. this is mot not a time for games, this is a time for working together. larry: i made that point in my opening riff, no time to dodddawdle. you are up against moon day -- monday, if that fails for all i know mr. trump won't are sworn in on january 20, who knows will be streaming across border. who knows who'll run the fbi, and i'm impartial fair and tough way, they are all linked, i want to get the trump agenda in place hit the ground running newt. >> well, look, the fact is that the founding fathers designed a very difficult machine to make it impossible for a dictator to force it to work. that means as citizens we have to voluntarily g get

together that is hard, i understand, that i spend 20 years in house 4 as speaker, i understand how complicated it is, if we didn't pull together as a team, we 1 have balance budget for 4 straight years, and not gotten a big tax cut and welfare reform, those are team efforts, president trump will come in ready to do the right things for america, but he needs to have house republicans, and senate republicans, work together, with the executive branch to to get it done, i think that johnson is well positioned, to get this done as been. it is an amazing he hard job. larry: so it is, happy new year newt gingrich and happy new year in ambassador callista. >> coming up, you am never guess who joe biden is giving presidential

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larry: we have mark simone, he has hot news for us. about what -- you have some news on a medal for liz cheney? really? >> um, yeah, presidential citizen medal, they could not come up with a better name we're all citizens, democrats can flip flop, cheneys were most hated people like democrats. as soon as they hated trump, democrats loved them. they continue suddenly hate trump, but h he attacked iraq war, she will need a pardon in a couple of weeks. larry: joe biden will give her the medal emerge from wherever he is at. >> he will not know it but he will give it to her. larry: and a preemtemive

pardon. >> dirtiest pardons come at the end of the week. the cop who shot p the protestor at capital will need a pardon. larry: what gives her the citizen's medal. >> for democrats she did plenty, january 6 committee. she played with witnesses. and ex i -- evidence withheld. >> january 6 of a horrible trespassing incident. it was not an insurrection. they didn't disrupt democracy, they had to wait two hours, same with kavanaugh hearings. >> maybe trump can take her medal away. mark simon, you deserve

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