big jobs report tomorrow obviously and expectation of about 160,000 jobs created and 4.2% for december? ashley: that's exactly right, liz. thank you. we are indeed. that's a big number, of course, because everything seems to get related back to the fed, no doubt about that. what do they make of it? what will it do for their policy? a big report to follow tomorrow morning. we'll keep an eye on it. liz: thank you so much, ashley webster. we just want to say once again, team claman countdown was here to cover what was the biggest story last year for the tech market and all the new tech for 2025. on behalf of la, new york, and chicago-based camera crews for fox business and fox news, we're signing off -- larry: hello, folks. welcome to kudlow. i'm larry kudlow.

so unfortunately the nightmare in california continues, but better news, president elect trump in washington seems to be getting his one, big beautiful bill. senators bill hagerty and dan sullivan will join us in just a few moments plus congressman greg steube and robert o'brian talking about greenland going maga and max gordon live in california in the middle of the terrible wild fires. what's the situation, max? they're not getting any better. reporter: larry, there's a grizzly update to share. the la county sheriff's office confirmed that human remains have been found in the house that burned downright behind me. sheriff's deputy seizure disorderses responded last night to a -- deputies responded to a welfare check and remains were found. these would be the first deaths associated with the palisades fire. just an awful instance here and

where we're standing along the pacific coast highway, you can see the destruction just laying out behind me, burnt palm trees, burnt out million dollar homes on once beautiful stretch of roadway and now turned into a hell scape. then to the east of us, the eaton fire still continues to burn and now at 10,600 acres, five people confirmed dead there. deputies say the death toll could rise in the eaton fire as it continues to burn. larry: thank you, max gordon. stay safe, my friend. now to capitol hill and aishah hasnie has the latest. >> according to to president trump who was in the room with the sources and president elect tram was able to convince senate republicans to move forward r

one it. and one way to get the bill down and if things get bogged down, they'll be able to split the bill into two. here he is last night. >> we had a great meeting, whether it's one bill or two bill, it'll get done one way or another. there's a lot of talk about two, and a lot of talk about one, but it doesn't matter. the end result is the same. reporter: the president elect listened to them intently but he did not appear to budge. meanwhile we're watching what the senate does on the laken riley act, this sin credibly important to border security and immigration. apparently the senate just passed the first procedural vote to open up debate and that was 84-9. that means that more than 30 democrats voted to open up the debate and even chuck schumer,

larry, voted yes on this. democrats next want to offer amendments, but shows a willingness from them to work on this bill. big, big victory for republicans there. meanwhile, back to tram, he'll be hosting a lot of republican governors tonight and the formal rival and trump takes the reigns on his agenda, he's leaving no room for any error. larry. >> i've got a lot of sources in the republican conference too. john thune and crews and graham. reporter: rand paul. larry: yeah, but mr. trump held his ground and they sort of left it and your report sergeant actually what i heard, but i've heard many different things and i wasn't sure what i heard about that meeting. reporter: well, it's interesting

because right after the meeting, trump and thune both came out and weren't publicly willing to say they were going to go one way or the other so trump is still saying he's open to one or two bills, but privately it was agreed upon that if trump wants a big, beautiful bill then that is what they'll start with. again, that's what they're going to start with and if things start to slow down, then they'll have to pivot to two bills because at the end of the day, the priority for trump is to get this done fast. larry: right. and it's going to be a one bill strategy coming out of the house. that'll start it all. aishah hasnie, wonderful stuff. appreciate it very, very much. folks, we'll get to one big beautiful bill and political failures that is running california and that's the sucket of the riff.

my brother and his wife live in santa ana and contained and they've returned home and coming to catastrophic fires like this, there's no heros and always bet tore be safe than sorry. unfortunately however, there's a good deal of evidence that suggests that the blue state california politicians have in fact made the tragedy even worse. officials failed to properly refill reservoir and consequently there was no water in the fire hydrants of several key neighborhoods. the mayor's office cut the fire department's budget, and in order to preserve, i guess, in order to preserve an obscure fish called the smelt or had their own reason for cutting the budget, governor newsom cut the water flow and never got to southern california also in defense of this obscure fish called smelt, meanwhile take a

listen to president trump on smelts. >> well, it's very sad because i've been trying to get gavin newsom to allow water to come. you'd have tremendous water up there. they'd send it down to the pacific because they're trying to protect a tiny little fish, which is in other areas by the way, called the smelt and for the sake of a smelt, they have no water. larry: g i want to repeat, this is a tragic nightmare of a natural disaster in california. lives lost, homes destroyed, and i'm not on expert on all this but if reservoirs are empty so that water is running off into the pacific rather than being piped into the hydrants, that's a government mistake of the first order, should have been changed. people tell me in california that the instrategies frank siller structure, especially the pipe and water system, especially the pipe and power system has been neglected for quited some time in large measure because so much of the

money has flowing to so-called climate projects by the extreme left greeny politicians. amazingly governor newsom and mayor bass and others spent money on infrastructure and come of the tragedy in california could have been mitigated. at this point, i'm sure that folks in the la area are a lot more worried about their safety than about the blame game. but it's going to be useful at some point to have a postmortem and take a careful look at what went wrong and could be done bet tore mitigate the natural disasters and protect the good citizens on los angeles. also a financial angle to this story and estimates by one of the big bankers on wall street suggests perhaps a $50 billion loss of which $20 billion will

be insured losses. california has got a big time problem on this score too. very large home insurers like state farm and all state are pulling out. state farm, i think, stopped home jury was duly sworn last spring. now, i'm not expert here either but you've got to wonder if they were looking at very same infrastructure problems and assesses the same risks that others had and these juriers decide they -- insurers decided they don't want the resident and can blowing up their balance sheet or entire company. i mean, they've got shareholders to answer to. the california state insurance regulators are not going to let the insurance companies charge sufficiently higher premiums to cover the natural disaster risks. yeah, those premiums keep getting higher and higher, but it's the only way the insurance companies can make a living unless they pull out all together. plus, the california state insurance regulator and their plan called fair plan is going to take a big hit from the wild

fire damaged, and they are about to assess private insurance companies an enormous amount, which the private insurers in many cases can't afford to pay. california is already in a home insurance crisis even before this catastrophe. this may be the costliest blaze in american history. it's not completely unlike the hurricane disasters you see occasionally in florida or elsewhere, in louisiana for example. certain property values in hard hit areas are going to plunge. even while insurance premiums skyrocket and that's the way the market's going to work. certainly, again, this is not the exact moment for the citizens of southern corral who are worried -- southern cal worried about their survival a lot more worried than dollars and cents at this juncture but one reality is surely that the highest tax state in the country can do a lot better managing its

vital pipe and power similars and reservoirs and forests, and it is insurance system as well as it has done. i'm going to say what a lot of folks are thinking. you want to really help the people and the businesses in california. if you do, spend a lot less for the left wing climate extremism and a lot more for basic services and put more money after tax into the wallets of the citizens and their businesses. that's the riff. joining us now talking about whatever they want to talk about senators bill hagerty of tennessee and dan sullivan of alaska. there's a split screen and they're both old friends of mine and this show's. i mean, dan sullivan, you're on the west coast, i don't know where you are today but your home state is alaska. did i get it wrong on this story? i don't feel like the blame game this second and lives are at

risk and lives are being lost and whole thing is a nightmare catastrophe and someone has to answer for certain things that's been a lot better to mitigate this story, dan sullivan, don't you think? >> larry, i couldn't agree more with you on that. happy new year. year. we have big wild fires out in alaska, and the way in which you manage them is that you can't focus everything through the lens of climate change and what these guy haves been doing, you know, the president mentioned the other day of this smelt and endangered species, you know, issue that doesn't get californians water, there's going to be a lot of after action in terms of looking at this. we actually had a discussion at our senate lunch in today on this very issue with republican senators. there's a lot we can do to make our country safer so we don't have these catastrophes, and it is a real catastrophe out there. our prayers go out to everyone in southern california right now. larry: that is true, prayers go

out to everybody out there. my dear brother and his wife live out there. hollywood and had to evacuate last night. they've since come back in because the hollywood fire has been contained. senator hagerty, what are you all thinking about with federal policies? dan sullivan mentioned stuff that could be done. what do you think? >> larry h you were in the trump administration back in 2020, president trump signed a emergency order that would have allowed california to address this. gavin newsom, i can't believe he's still in office by the way, gavin newsom decided not to abide by that and not to fill the reservoirs and support the smelt from some part of the pacific ocean and would have gone to the reservoirs and the fire hydrants by the way. gavin newsom decided that was not important and it's a matter of priorities, larry. the democrat's priorities in the far left coast state of california are way out of alignment with what the american

public needs. i feel so sorry and my heart and prayers out to the people in southern california and i've spoken to a number of my friends by phone over the past couple of days. it's devastating, but this is something that's made much worse by the fact that politicians in california have made terrible choices prioritizing the environment, prioritizing the far left causes that are way outside of the bounds of reality. larry: it's the highest tax state in the union and maybe even the union if that's a thing. water and power services are pretty darn bad and rotting around and not improved and of course, paychecks after tax paychecks for working folk haves been doing very badly. anyways, speaking of after tax paychecks, senator dan as a rule van i go to you and reporting is that after mr. trump prevailed and going one big beautiful bill

and that's where the house is going to go and money bills originate in the house and that's the reading and one big beautiful bill. mr. sullivan. >> at the top of the program, it was cassioppi separate there was a good debate and discussion with the president and he came out and said we're unified and focused on the same issue with border security and unleashing american energy and peace through strength and rebuilding our military and extending the tax cuts. we're completely unified on that and with regard to the reconciliation bills, it's an ongoing discussion that was a good one last night and, look, the key is we want speed, and we want success, and those are the two issues that are a bit

intention and we'll get there ultimately it's the president that decides which way and which way we go and the president mentioned we're working on a backup plan and there's a lot of unity? the senate on the two bill approach and the president will make the ultimate call and it was a goodies cushion last night and we're unified to get the mandate that president trump got in his overwhelming election and that's the big goal. larry: senator hagerty, we haven't talked about this you and i personally. i'm for one big beautiful bill and i don't want to delay the tax cuts. i don't want to delay the tax ex-attention and i don't want to delay the new tax cuts like 15% corporate tax and it's fabulous or no tax on tips or no tax on overtime. both of which are fabulous and i don't want to delay a blue collar boom. i want it to start in 2024 -- i mean, 2025 this year. i don't want to wait till networks year or the year after. i've been rooting for the one

big beautiful bill the whole time and the reports are aishah hasnie, she always get it is right and i've heard too that mr. thune did say that, yes, we'll go with the one bill approach, but if it bogs down, there might be changes. take us out, senator hagerty. what's cook and what's the real story? >> the real story is that my colleague dan sullivan just mentioned great unity and both on capitol hill with the house and senate and we want to see our energy sector put back into business and our border secure and our economy take off again, larra. it's policies like a 15% corporate tax rate and put us back in a position of the economy being skyrocketed with all other economies in the world and more investment here and recall in the first tax cuts and jobs act the economy grew at any other rate of a major economy and tax revenues came in at 30% above what the cbo predicted and lower unemployment than we've

seen and getting back to that place and make it happen. i agree with you as quickly as we possibly can and that's what the american public voted for and i'm looking forward to working with senator sullivan and all my colleagues to make that happen as quickly as possible. larry: gentlemen, happy new year and appreciate you coming on. senator hagerty and senator o'bryan, thank you. h is greenland going maga. we'll ask bill steube and robert o'brien next up on kudlow.th ♪ and release gels. than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours.

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tony. it's a front line state now. and you know greg stuby. you don't have to actually buy it. okay. how about an alliance? how about, you know, a wide, broad scale treaty security treaty with the united states? it's a trade treaty with the united states, an investment treaty with the united states, that kind of thing. that gives us first call. correct me if i'm wrong. we have military base there in greenland. and by the way, during world war two, we occupied greenland to keep the

nazis out. and at one point, harry truman tried to buy it. my point is, all right, you may not want to buy it, although i think greenland wants its independence from denmark. but in any case, just have a broad based treaty. yeah, i think that's absolutely right. and i think what trump's doing is setting a discourse and saying this is what we would like, but that opens up a lot of opportunities on treaties and trade and all these things that we can do. mr. o'brien is right. this is a huge national security implication, a huge strategic place both for shipping routes and all of that. and so we need to have the access to that to defend against russia and china. and if denmark is not willing to do it and doesn't have the assets that are willing to do it, then we should be able to do it. but we're not going to do it for free, as mr. trump said. and there should be something for america in that as well. you know, robert o'brien, speaking of panama canal, which we weren't, but i'm raising this topic. i don't understand why people are so even our friends at the wall street journal, i was so disappointed in their editorial. china could close

down china companies and china could close down the canal if they wanted to. they own both ends of it. okay. they they they have big companies that run both ends of the pacific end and the atlantic end. and we've got to help. we've got to do something about that. we have to revisit the panama canal story, don't we? robert o'brien. absolutely. and again, you made this point, people making fun of president trump. president trump is concerned about the homeland of the united states of america. he's concerned about north america and our security. greenland. greenland is our security to the north and to the south. the panama canal, 70% of the shipping that goes to u.s. ports to and from goes through the canal. we built the canal. we ran the canal for many years. and when we turned it back over to the panamanians, in a terrific act of generosity by president carter, probably probably was foolish, but he gave it back to the panamanians. the rule was it had to stay neutral. well, when you put the chinese on both ends of the canal, they could shut it down by dropping a crane on both ends of it from their ports. that's not neutrality. so. so we got to

get the canal situation figured out, and we have to do it quickly. and i'm telling you, president trump will. and you know, just a final point, greg steube. i mean, the biggest picture here, which so many people seem to be missing here, is mr. trump. he's transformative. he is a disrupter. he is an america first guy, and he is putting his stamp on foreign policy right away. right away. greg stuby and it seems to me that i see all pluses and no minuses for that. yeah. as he should, because the previous administration was an abhorrent failure as it relates to foreign affairs. so having an america first president come in on day one and say, these are the type of things that we're going to be working on. these are the type of things that we're going to be doing because we're going to put america first, and we care about the fact that the chinese have both sides of the panama canal, and we built it, we paid for it, and we should have an interest there, i think is strong leadership. and that's the type of leadership that we need from the white house. all right,

gentlemen, thank you. we've got to move on. but congressman greg steube, thanks. robert o'brien. thanks. appreciate it very much. all right, folks, coming up, it looks like it's all over for woke on wall street. or at least one can hope. finally. your money will be managed without woke. is that possible? anyway, we're going to talk about it with former federal reserve governor kevin warsh, who knows a thing or two right here on set. next up and remember, folks, kudlow is available as a podcast episodes every weekday right after the show on spotify, apple and fox business podcast.com. it's a non-woke podcast, if you must ask. morikawa on 18. he is really boxed in here. not a good spot for the comcast business, man. into the vending area. oh, not the fries. where's the ball? anybody see it? oh, wait. there it is. back into play and. oh, no, it's in the water. wait a

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in exodus from climate coalition ahead of the trump presidency. jp morgan, morgan stanley, citigroup, bank of america, wells fargo and goldman sachs. and i could add blackrock today. they're staying away from all this climate change woke and zero. what do they call it. zero net something or other. now you're on the street at least occasionally. what do you make of this? is it true? so it sure sounds to me like elections matter, larry. that's perfect. it sounds like there might be a two way door on the climate group. and that's a good news. it was a two way door. they all flocked together, but after the election, it's a two way door. and they've decided that they're going to make their own policy and their own interests. this wouldn't be the first multilateral organization that's been created whose interests aren't exactly in alignment with the interests of their members. glad to see independent, independent members, independent ceos making their own decisions. i mean, i you know, there were

reports i don't want to obsess about this, but there were reports that they were debunking people. if they found out that such people were not involved in dei or this climate change or net zero emissions and whatnot, which is pure insanity and undoubtedly illegal and unconstitutional. yeah. so it's a dangerous story, and it's probably true. if you and i learned anything as conservatives, we learned that conservatism is a resistance to whims. it sounds like some of these people acted a little too whimsical going with the political tide, but those tides have reversed, and hopefully this is good for individual liberty and also good for accountability for agencies. now 100 down, 100 up. you know where i'm going on this okay. the federal reserve cut the short term target rate by 100 basis points or one full percent. but unfortunately for their dreams and wishes, the long term ten year bellwether treasury bond on wall street went up by 100 basis

points, thereby signaling to the fed stop your re-inflating or what do you make of that? so the markets are telling them clearly they're making a big mistake. this is the worst bond performance during a rate cutting cycle since the 1960s. the fed did an emergency rate cut of 50 basis points in september. you and i counseled against that. they did it. and the bond market said we don't like it. mortgages are a full percentage point more expensive than when they started cutting rates. this erodes their credibility. it makes it's the street telling them they're not sure they've got confidence. they know what they're doing. this is after keeping rates at zero when inflation was at 9%. they cannot compound these errors. i suggest they take a timeout, step back and revisit their conduct of monetary policy as this whole saga. really a big vote of no confidence for jay powell. i'm afraid it is. i'm afraid it's bad news for the institution that you and i care deeply about. the purpose of

cutting rates is to cut rates. if when you cut rates, bond yields become more expensive. that's bad for the fed. it's bad for a for another group of people that are coming to washington. the bond market is basically saying that they have figured out that the trump administration is inheriting a fiscal mess, and the congressional budget office, in their last forecast, said that the trump administration will be funding themselves over the next ten years at an average interest rate of 4.1%. boy, that looks low. interest rates are at 4.7% now. this is bad news for the tax bill that you and i care about. that will come up over the next couple of months. yes, indeed it is. so speaking of funding, the great larry lindsey. lawrence lindsey, right. brilliant. right. we all love larry lindsey. absolutely. wrote a great newsletter on this. if you put a 10% tariff, universal tariff 10%. i mean, europe has 20% vat, which is

essentially the same idea. tariff 10% tariff. so follow me. $5 trillion of imports yearly, more or less at 10% yields about $500 billion in additional revenues, which will help finance tax cuts and could help finance border money to deport criminals and so forth, could help finance a lot of good things. wall street keeps saying it's inflationary. i just don't see why. yeah, so i agree with you on both counts. first, we don't have a revenue problem. so let's begin with that. but the budget gnomes during this tax proposal of the president's next few months will tell us that we do. i would much rather have a 10% universal tariff than, god forbid, raise corporate tax rates. if this gives us space to have further rate cuts on the corporate rate, the individual rate, that would be a very good thing. the idea that tariffs will be inflationary, i think is very bad math and bad economics

for a few reasons. one, it's a one time change in prices. and for that it's not a very large one time change in prices, in part because of larry's math. the good side of the economy is less than one sixth of the economy. a 10% tariff on that will be immaterial. and while all these things are happening, there are other economic policies. the president will be pushing aa deregulatory agenda,s disinflationary and hopefully the doge product will be a smaller amount of spending and disinflationary. larry: extending tax cuts and lowering marginal rates on taxes. supply side 308 seizure policier inflationary. >> exactly. i was troubled to read the fed minutes yesterday afternoon and i read them so you didn't have to but there was a troubling section that said the participants around that table are very worried about the president's tariffs and that's the new rational why they might need to be concerned about inflation. this is bad economics, bad math, and sure looks like they're

trying to put the burden of inflation on someone else when it's up to the fed to make sure that inflation stays low. larry: i think chris waller is the only one that said tariffs are noninflationary. i'll say reading fed minutes is very hazardous to your health anyway. it needs big reform. we don't have enough time here but needs big reform. >> the fed should stay out of political business. if they're going to weigh in and are tempted, they shouldn't look at one part of the president's proposal and should look at whole ting. it's structurally disinflationary. larry: kevin warsh, former fed head and maybe next one to be. now we have byron york, chief political correspondent at washington examiner and also fox news contributor and you too are great. you two are great. byron, biden is on the way out, honestly on the way out and the

last vessels laning tajikistans of weaponization and lawfare -- vestiges of weaponization and lawfare and merrick garland. i can't read it in the morning and it's too comical or too much or too stupid. don't they know they're been voted out of office and people rejected all this nonsense? >> you may want to skip the news reports tomorrow when donald trump is scheduled to be sentenced in the manhattan alvin bragg case, which is really kind of the last gasp of all this. we all know that judge merchan wants to do this apparently for symbolic reasons because there's no sentence he can enforce against the president of the united states, but it is the final act in this -- in the last

five weeks or so and a lot of excess of wokeness and anti-trump have been fading a little bit. make they'll come back in full strength, i don't know, but they have been fading for the last five weeks. larry: well, you know, charlie hurt, here's donald trump literally putting his stamp on american foreign policy and influencing the world, and the world is responding to it. i mean, governments call and he trolls justin trudeau and 20 minutes later, trudeau is out the door; right. retired into oblivion, that kind of thing. you still have these ankle biters and left wing nitpickers trying to go after trump for weaponization and something that the rest of the puck lick, voting public rejected. i don't get it.

>> do you want a clip or can i respond? larry: just tear away at it. tear away, that's all. >> you know, as bad as reading the fed minutes is for your health, all of this is so good for your health. it's magnificent. byron is exact reigns leading right. you can't look at this just today or this week. you have to back up. i would say back up a year or two and look at how far donald trump hoes moved the ball from what people thought was possible a year ago, two years ago, four years ago to now. he's conquered the entire world and brought the entire world into his view of things, and into the palm of and the reason that's so parent is because he has a massive agenda. and he's going to need congress to help with a lot of thatrs and fixed around washington, and to

do that, when you move the ball as far as he's move it had, you're going to see a crumbling of resistance, that we've already started seeing and whatever hesitant republicans they're gone now and he'll want to do heavy lifting to get his agenda through and it's a great one and vast majority of americans approve of it. larry: democrats insist of burying themselves and byron and democrats will bury themselves. 30 seconds, nominations, what's your outlook on the trump noms, january to the but could start sooner. how's it looking? >> with the passage of the laken riley bill, 84 votes in the u.s. senate. that looks good for trump nominations. of course there's going to be a lot of questions for rfk jr. and

tulsi gabbard and pete hegseth, but right now i don't think anybody is betting against them on capitol hill. remember, those are three out of a ton of nominations and we're not hearing anything about those and that means they're going to be passed. larry: all right. gentlemen, thank you very much. happy new year. charlie hurt and byron york, thank you very much. coming up, asking the very best wall street watcher dan cliff ton what he thinks about -- dan cliffton about the one big beautiful bill and the face of it. how about my face? i'm kudlow. ♪ [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. take a swing at your kitchen reno...

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xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards. larry: all right, we're joined by dan cliff ton and wall street's best washington watcher, dan, welcome back. i'm trying to get this straight and it sounds like with respect to mr. trump's meeting, with the republican senators, that mr. trump did convince him about one big beautiful bill. and the john thune agreed and they're going to wait and see in other words if it got bogged down, they might split is off but then going with one, big bill because that's what the house wants to go with. is your reading any different than that?

>> we're going with one big bill and all tax bill haves to start with the it will not be easy and take take it and no party has been able to get two reconciliation bills started in one year since 2005, i was part of that coalition at that time and it was really, really hard. and they got their first bill through and didn't get their next one for 5 months and i don't believe the tax cuts can wait and at the end of the day, this will be one big bill and i'm sympathetic to the idea the president just got elected and wants to get agenda in place and executive orders he puts out in the beginning on immigration and lng exports are really, really important. in that meeting yesterday, the president outlined he has 100 executive orders coming and that would be good to get the agenda

through and time for one, big, beautiful, pro growth tax and economic policy bill through congress. larry: president trump's going to reopen the spigots and you mentioned to me on the radio and i haven't forgot, if trump gets some kind of ceasefire or serious peace deal on the table particularly with respect to russia and ukraine, but also you could throw in the middle east and war premium coming out of war prices and might come back to $50 where they were before all the war broke out. are you still thinking that? >> the fed trying to blame the

economic policies and them causing inflation and getting more hawkish. if you get the price of oil down, the fed will be won on inflation again just like they were wrong in 2018 when trump was in executive economic policies and if you get oil prices down and interest rates down, you get your debt servicing cost down and all the sudden everything else starts to flow and get better from there. how do you do that? you do more offshore drilling and more on shore here but you also end the wars in the middle east and europe and take the war premium out and one of the key issues is going to be whether the president get as deal where you see israel and saudions ovee and that would be very important for oil prices. you get a ceasefire in ukraine and russia, you'll take more out of oil. putting all that together, you're talking $10, $15 out of the price of oil. that's a hugely pro growth event. the second thing is biden put

missions test requirements on liquefied natural gas requirements and the president will get rid of that right away and when that happens, you'll see massive cap x in america bidding out lng export facilities. on the supply side, you're getting more investment, inflation down on oil, this is going to be the key to prosperity and too many people in washington are looking attar riffs and all this other -- tariffs and other stuff and overexaggerating them and trump is the inflationary president. if trump executes, there's going to be a lot of people with mud on their face this time next year. larry: basically just in the last seconds, you're the only one talking about this war premium coming down. i think it's a great point and trump talked about stepping up energy production as a way to get energy prices and oil prices themselves permeate the entire economy so you get those prices down $10, $12, it has a huge impact. anyway, dan clifton, terrific stuff, can't thank you enough

for coming back on the show. take care. folks, i'll be right back with my last word. ♪ and you saved hundreds. oh, that's nice, with the economy and all. what's the economy? [chuckling] where do we start? what isn't the economy? yes. [ laughter ] uh, it's -- it's so many thing. right. look, all you really need to know is that progressive can save you money without sacrificing quality coverage. you follow? i'll just look it up. hmm. that went well.

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