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tv   Kudlow  FOX Business  January 21, 2025 7:00pm-8:00pm EST

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don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. muck. ♪ larry: hello, folks. welcome to "kudlow." i'm larry kudlow. is so president trump comes out with an avalanche of executive
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orders and reforms on day one. he's got optimism, energy, confidence, unprecedented popularity. he's persuading people we really can be a shining city on the hill once again. and the trump bump is back in the markets. 500 points plus stock rally today. so we've got senators ted cruz and tommy tuberville, senator marsha blackburn on all that and more in just a few moments. we'll be talking to john carney and dan clifton who'll give us a quick primer on these canadian, mexican tariffs that could kick in in just two weeks or less. but first, fox news' aishah hasnie if live on capitol hill. aishah, trump meeting with the congressional leaders, how'd that go? [laughter] >> reporter: well, it's still ongoing, and we actually have a picture up at the white house waiting for these folks to come out of the oval office. i was in the elevator, larry, with some of these folks from senate gop leadership as they made their way to the white
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house a short while ago x they seemed to be in good spirits. this is probably a temperature check by the new president to find out if they're still on the same page as him, to get his agenda done, that big, beautiful bill. he probably wants to know where they're at with that and how quickly that's going to get done because as of right now leadership is on the same page, but there are some conservatives out there, larry, like the house freedom caucus that want a two-bill pass. so that could push those tax cuts that everyone really wants to get done quickly, that could push that to a later date. you've got other republicans saying, look, we've got to stick together and not let the perfect, the pursuit of perfection be the enemy of the good. a that is what's going if on. they're talking about this reconciliation package in the oval office and hopefully we'll hear soon what comes out of that a meeting. meanwhile, it's a busy day on capitol hill. trump's nominees are progressing maybe not as quickly as the
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trump white house would like, larry are. senator marco rubio was sworn in as secretary of state this morning. vice president j.d. vance delivering the oath of office to him. a potential bump in the road for defense secretary nominee pete hegseth, larry. he was favorably voted out of committee last night, but there is a new allegation today from his ex-sister-in-law who's claiming that he made his second wife -- second ex-wife feel unsafe and that he had an alcohol problem. hegseth has reportedly denied these claims. both of these claims. republicans haven't even seen the testimony yet, so it's unclear if this would dissuade them from confirming him. last night trump's dhs nominee kristi noem, she was favorably reported out of committee with a bipartisan vote, so we could see a confirmation vote coming for her soon, and cea nominee john ratcliffe -- cia nominee and russell vought favorably reported out of their committees last week. congresswoman elise stefanik had
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her hearing today for u.n. ambassador. she has widespread bipartisan support. and we are watching tulsi gabbard, rf fk jr. and kash patel because these are probably the more controversial picks for the senate, and these hearings haven't even been scheduled yet. is so i would not be surprisedded if the president right now in the oval office is asking leader john thune what's going on and why is this not happening more quickly. larry? larry: all right. great stuff,. aishah: shah hasnie. i'm sure mr. trump is asking that very question. it's a good one. so, folks, infectious trump optimism, it's a big american morale booster and a unifier. and that's the subject of the riff. ♪ ♪ larry: so step back for a second and just think about this. in his first day in office, president trump delivered six speeches by my count. his inaugural speech, which was a wonderfully optimist in, unity speech full of american success and recovery kind of like
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reagan's shining city on the hill is back. then he gave9 another speech on capitol hill to various house members and staff. then he gave another speech downtown at the capital one arena. then he gave three speeches that evening at the galas. and he boogied up a storm by dancing with melania who looked is so fabulous, she practically stole the show -- [audio difficulty] long day by some counts he signed18 executive orders. 18ment -- 118. most of which were biden rescissions. one rescission i except liked was ending the the biden agreement with the oecd to raise a global tax on american businesses. many of the order z returned -- orders returned us back to first-term policies. some of them were new ideas lik- [audio difficulty] security clearances, the deep state anti-trump officials, what fun is that?
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and then some doge regulations. that's that's new. and then recognizing two genders. in trump world, male and female. ending dei and on and on. while he was signing 50 or so executive orders the oval office last night before he went out to the galas, he simultaneously held a news conference for about an hour. so it's not far -- [audio difficulty] mr. trump still has much to do to clean up biden's mess and straight the then out the country, but all things are possible with an optimist who believes in the american dream of success and talks about golden eras. what a welcome relief from the dark ages of joe biden, from the fundamentally pessimistic -- in society that is always held by
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socialists and progressives everywhere. you know, for them it's all about the state. for mr. trump or it's all about individuals, hard work, merit, climbing the ladder of success. and round numbers, mr. trump going to close the borders to illegal immigration and deport the criminals as fast as possible. he's going to reopen the fossil fuel spigots to boost energy production. hopefully bring down prices. he's going to doge his way toward ending the socialist regulatory state. but he didn't mention -- though he didn't mention it specifically in his inaugural speech, he will extend his highly successful pro-growth tax cuts and even add to them. wall street thinks his tax cuts and tariffs will be inflationary, but the stock market is booming, and we know it can't be inflationary. not only because it was tried once before and wasn't inflationary, but we want the believe mr. trump when he tells us this time it will not be
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inflationary either. he's going to start right away, maybe in a couple of weeks, and perhaps -- [audio difficulty] schaap big tariffs on mexico -- slap big tariffs on mexico and canada if they don't play ball with us and shut their boulders to both illegals and fentanyl. mr. trump, meanwhile, believes he can fix the tiktok conundrum, and he's ready to travel to china to visit with xi jinping even though that will likely entail even higher that tariffs. he's got more worked to do in the middle to stop hamas if from taking over gaza again or stop iran from developing more nukes, and he's got plenty more work to do in eastern europe to develop some kind of peace deal between russia and ukraine. he's already trolling mexico by renaming that body of water the gulf of america. and he's put panama and china on short leash notice that he's going to enforce the monroe
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doctrine in the western hemisphere. he might even add greenland to the mix and rename it the trump doctrine. thing about mr. trump's incredible energy and optimism and belief in the old-fashioned american value of success and hard work is that while he may have so many things on his plate inherited from the biden darkness, if you listen the mr. trump, you actually believe that he can lead america the success. in all of these endeavors and problem solve. hisment mitt romney is infectious. his optimism is infectious. americans have a long history of wanting to believe optimism and yearning for optimistic leadership, and heres mr. trump -- here comes mr. trump with a calm demeanor, with his usual business-like approach. but this time with a renewed faith that god wants him to succeed. and then you think right now for one shining moment and one
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extraordinary honeymoon that he can do it all. why? because he thinks he can do it all. and you know what? a large majority of us want him to do it all. and that is tonight's riff. all right. joining us now, somebody who wants to do it all, we are going to bring back our great friend, texas senator ted cruz. senator cruz, welcome back. plenty to talk about after that gangbuster first day in office. i think you'll agree with all that. can i just ask you one thing? just kind of curred to to -- occurred to me, while he was writing executive orders and having that press conference in the oval office last night before he went to the galas, he mentioned that by february 1st you could see a 25 tariff on both -- 25% tariff on both mexico and canada. now, i thought he would have a little more time to negotiate with them over, you know, border control and their help and military and fentanyl and declaring, you know, we're going
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to declare the cartels to be terrorists. but were you surprised that in the just a couple weeks he might be slapping tariffs on? let's start with mexico. what a do you make of that, senator -- do you make of that, senator? >> well, look, i understand his threat of tariffs in the context of what he did in the first administration which is he threatened the same tariff, 25% on mexico, unless they helped secure the border. that's' how we got the remain many new york stock exchange -- in mexico agreement. how -- and so i hope and believe that his plan is not to put the tariff in place but, rather, to use that as leverage to get both mexico and canada to cooperate. that a may prove wrong, but my hope and the advice that i've given the canadian government and that i would give the mexican government is come to the table as aggressive as humanly possible you can be to
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actually secure the border. deliver on that, and i think the better outcome for everyone is not to put those tariffs in place because we suddenly have partners who are securing the border and addressing the crisis the whole country's been facing. larry: well, the it's interesting to me, mexican president sheinbaum so far has been somewhat aloof, you know? she's said a few nasty things, she's said a few okay things. she hasn't come to mar-a-lago to to negotiate. i mean, he's putting a february 1, february 1 deadline on that, that's just a couple week weeks away. something's got to give otherwise the usmca a deal that we all did will blow up. and it's hard to know how that's going the work out down the road. >> yeah. look, if the mexican president believes donald trump is bluffing, she's mistaken. larry: right. >> he's not bluffing. he's perfectly willing to pull that trigger. now, my hope is he doesn't have to, that mexico will cooperate and secure the border. and i've predicted we now have a
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president who will enforce the law. we are going to see the numbers plummet immediately. and if mexico actually actively participates, that will help substantially. larry: yes, sir with. let's move on to something else. energy policy, i think president trump's done what a he set out to do, what he said he was going to do. i mean, all these executive orders -- >> yes. larry: he's going to open up production if or he's going to open up the two oceans to drilling, and he's going to open up anwr to alaska, he wants to open up lng exporting. i think texas is the greatest lng exporting center in the world, texas, louisiana, permian basin, so forth and so on. are you happy with that so far? >> very happy. as he said yesterday, drill, baby, drill. and, look, if you look at the mandate that a came out of election day, one mandate is to secure the border, another is the turn around inflation. and the way to do that is unleash american energy. and by doing so, we're going to see prices, i believe, fall not
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just at the gas pumps, but at grocery stores, county store -- department stores. and energy costs are baked into the prices of everything. and america is an energy superpower and finally we'ring acting like it instead of having joe biden and kamala harris wage war on american energy which was huring families concern hurting families across the country. larry: have you talked to some of the independents down your way or some of the large corporations down that way? will they drill more? will the rig count go back up? will the lng production go back up? if i mean, what are you hearing from that crowd? will it take them -- you know, there's an argument on wall street that it's going the take a long time and they're not going to do it or that they don't really want to produce more. they'd rather act like they're money managers and capital managers and balance sheet managers and not really in the energy business. what are you hearing from that group? >> look, i expect we're going to see significantly more drilling,
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more pipelines, we're going the see more lng export terminal, more investment. there's a lot of enthusiasm both from the majors but also from the smaller independents. i have a lot of friends when are smaller independents. you know, you look at texas, texas was basically built by wildcatters, by guys when had fourth grade education and began drilling holes in the ground and one after the other became the richest men on earth. and i think that spirit is alive and well in the great state of texas, and i fully expect we're going the see a major investments in expanding energy the production. larry: i've been watching landman every sunday night -- >> isn't it awesome? larry: i think it's one of the greatest things. and, by the way, if you watch it, you get a real education in the business. >> yeah. billy bob thornton is speck tack lahr in it. i think it's the best show on television right now. except for yours, of course, larry. [laughter] larry: it's a slightly different category. i appreciate the thought, but it is the best -- landman's the best show on tv.
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you're absolutely right. senator, talk to me, if you can, or care to about tiktok. now, yesterday mr. trump was ruminating he's going to extend the, he's going to extend the order to close down tiktok. okay, fine. he was ruminating in his press conference last night in the oval office that perhaps you could have an ipo, maybe a private equity deal, maybe the government would take 50% of the deal or 50% of the profits. he was tossing around some very substantial numbers. it kind of sounds to me like he would like to keep tiktok viable. but then again, in order to buy it, somebody's got to sell it. i don't hear bytedance wanting to sell it, and onhear the chinese. then again, i don't know. what do you think? >> well, the objective of the legislation was to force china the sell, to give up ownership and control of tiktok. the objective is not to shut down tiktok, it's to get rid of the chinese propaganda and espionage. and that should remain the objective.
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that's what i hope and believe is president trump's objective as well. there are a lot of deals you could envision that would make that a happen, but it would speak volumes if bytedance refuses the sell, it tells you it's the chinese communist government that this was never a business. ordinary businesses don't decide to go bankrupt and shut down rather than take billions of dollars. that's not a rational business decision. if china says no, it's because their only interest is using this for espionage and propaganda. it really doubles down on the national security threat. and so the delay whether 75 days or the statute originally envisioned9 0 days -- 90 days, the delay was written in the statute to allow time to close a deal. we need that a deal to happen because with we need china no no longer peddling poison to our kids. larry: you know, i always assumed, you know, we looked at this back in the first term. i always assumed, as i think you're inferring, that china was
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using tiktok as essentially a spy machine pulling together all this personal information on, you know, over 100 million if americans, maybe 150, 170 million americans. but mr. trump raised an interesting point. in his press conference last night in the oval while he's signing away executive orders on everything under the sun, he's saying, well, how much information or when cares about the private information of a bunch of teenagers and gen-xers? in fact, the more information of that crowd you know, it could be the scariest thing you've ever read about. i never really quite thought of it that way. he's thinking ahead of the box as he -- i mean, are we overestimating the spiness of it? and underestimating the gen-x if communications, or is it really, in your judgment -- and i rely on your judgment on these kinds of things 100%. is it your judgment that it is a spy machine and we have to do something about it?
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>> look, i think it's designed to be a spy machine, and it's not just kids. 170 million u.s. users, that's half the population of america. and the ability to engage in realtime espionage is a very dangerous thing to add, to the hand to and allow our most significant geopolitical adversary to have. i also think the propaganda aspect is serious. today push garbage to our kids. i've talked about this at length on my podcast, verdict with ted cruz, how they use tiktok to push to young people substance abuse, self-harm, suicidal ideation. they push anti-capitalist messaging. they push anti-american messaging. they push anti-israel and anti-semitic content. and it is very much, i think, an information operation directed at weakening america and in particular targeting young people. and that's why you see such a bipartisan consensus in congress to say we can't allow communist
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china to have this power over the american people. larry: well, i think marco rubio, our new secretary of state, agrees with you, sir -- >> yeah. larry: down through the years. anyway, senator ted cruz, thank you ever so much. >> thanks, larry. larry: you bet. all right, folks, coming up we're going to that talk some more about the threat that we might have a tariff war in two weeks. could kick in sooner than anybody thought. not necessarily about china, but it could include mexico and canada as we talked about with senator cruz. we've got two smart people that can go into some of the details, breitbart's john carney and dan clifton, wall street's number one washington watcher, next up on "kudlow." be right back. ♪ progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to your monster to-do list. super helpful. see if you can save money at progressivecommercial.com.
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>> well, we're thinking in terms of a 25% on mexico and canada because they're allowing vast numbers of people -- canada's a very bad abuser also -- vast numbers of people to come in and fentanyl to come in. >> reporter: when do you think you would enact those? >> i think february 1st. >> [inaudible] if on all countries? is. >> i may. yeah, but we're not ready for that yet. we may. we may put it, wrap it.
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because, essentially, all countries take advantage of the u.s. larry: all right. joining us now to talk about this very thing, he said february 1st which i pretty much think that's new information from president trump. anyway, john carney, breitbart finance editor, co-author of "the daily breitbart busy jest," and dan clifton, head of policy research at separate gus. he is the best watcher on wall street or in washington for that matter. start with you, john carney. you heard him, february 1st, and i think particularly mexico if president sheinbaum, i think that's her name, if she thinks that's an idle threat, she'd better think again. that'd be my if guess. >> i think that's what donald trump is responding to, that mexico is not treating this seriously. neither is canada. they're more or less communicating that donald trump is buffing, they don't think -- bluffing so, therefore, they
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don't have to change their own policies. he's not even asking for that much. he's really asking for a return to the us quo -- status quo, the what existed the last time he was president. they should give that. if they want the test donald trump on it, i think they're going to find out that donald trump is not bluffing, that the tariffs will come. larry: indeed. dan clifton, how to do you read this story? >> well, i have a little bit of a different variation on it. as you remember, in november the president said he would put the tariffs on mexico on day one. that did not happen, and i think the president's keeping his foot on their throat to make sure that they are enforcing the remain in mexico policy when it comes into effect. if you read these immigration executive orders, tease are sweeping immigration -- these are sweeping immigration changes that the president is putting forward that will finally get our border secure. but there has to be the cooperation from mexico on the other side to do that, and he
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just because not -- does not want the make sure that there's caravans coming through. he wants to make sure they're going to have beds there. and canada is putting up significant dollars in their budget on infrastructure, but i think more broadly the president wants to see more progress on getting access to the arctic where russia and china are starting to make inroads, and canada has a very good road to. that's i think that explains what's going on in greenland. but this is a president who's in the unique position because he's already been here before and he knows where the levers are, he's laying them down the make sure all the policies work. i think that's a really important change. larry: so, john, just to follow through on this, follow up on this, remain in mexico back in the first term -- which was very successful finish. >> very. larry: was very successful in large part because am-lo, president obrador, gave us 25,000 troops on the border. it was a big help, okay? >> right. larry: enormous help. and those numbers were knocked
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down right away. i have heard nothing similar to that from the current president, i believe her name is sheinbaum. and i think that trump is -- he's going to send troops to the border. he said american troops are going to the border. she's not going to, john? i think she's making an enormous mistake here, because he'll slap 25% tariffs on autos or manufacturers. they totally rely on us for the entire mexican economy. what you make of it? >> yeah, absolutely. i can do a little reporting and breaking news right here. i can say that donald trump has actually had people reach out to mexico and say we're not asking for very much. we want you to send the same troops that were there before back to the border, enforce the policy that you agreed to enforce when i was president before, and and he has basically received radio silence in response. if so what -- so donald trump's message is we're going to impose the tariffs. if you are not going to respond, we are going to impose the
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tariffs. and this is a broader message opinion because it's not just the mexico and canada, it's the rest of the world is waiting to see how this gets resolved. if donald trump folds here without getting canada and mexico to to go along with his commands, the rest of the world will say we also don't have to do what donald trump says. larry: you know, dan, i'm just going to guess that if he goes ahead and imposes a 25% if tariff, let's say on autos or manufacturers and we know that china's been coming through mexico in order to avoid the usmca domestic content, is -- mexico's economy's going to get hurt. they're going to get killed. i mean, we're their biggest market. correct me if i'm wrong. we're not going to get hurt, they're going to get hurt. >> absolutely. well, tariffs hurt everybody, but it hurt them much more than it will hurt us, and this will be a significant shot across the bow. but when you read that trade
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executive order yesterday, it's an excellent document. it basically says, look, we haven't made any decisions yet, but everything is on the table. we're going to look at every single trade issue. usmca, who's manipulating their currency? whose trade balance is out? and then we want the agencies to report back in april, oh, right around the time be doing the extends, and we will come up with plan. and i think the president kind of indicated that yesterday, we're just not ready on the universal -- larry: on the universal, right. >> this is a great team. they're trying to figure out how to structure it. they're not going to put the u.s. in recession over tariffs. they're not going to to heat up inflation because that's what a he got elected on. they're figuring out how to turn that rubik's cube to get the correct policy mix, but if mexico does not comply, mexico will pay a very high price for that. my sense is they will wind up cooperating, and this will be posturing ahead of the usmca
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renegotiations -- larry: let me just skip babblin- >> -- as you know, the china investment in mess coe -- larry: yes, i think that's one of the key things on trump's mind. john, 20 seconds or less, he didn't mention tax cuts in the inaugural speech. he didn't mention tax cuts. he didn't mention affordability. i don't think he's given up on tax cuts, but i was surprised. were you surprised it wasn't growthier? >> yes, i was surprised. i think he's trying not -- i think he put a lot of pressure on the senate on this issue, and i think he didn't want to be seen as hammering them. larry: yes. >> look, it's in the hands of the lawmakers now. they have to follow through with tax cuts. larry: yes. >> this was sort of an olive branch -- larry: i want him the hammer the senators, actually. that that's just my own view. john carney and dan clifton, thank you ever so much. coming up next, trump is president and democrats have no idea what to do about it. and joe biden is so sleazy
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pardoning his family, it is a bone-crusher to be a democrat today. liz peek, caroline downey going to weigh in right here on set next up on "kudlow." ♪ ♪ unlo ck your ambitions? oh yeah. consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. all your ambitions. all in one app. sofi personal loans. low fixed rates. borrow up to 100 k. no fees required. go to sofi.com to view your rate. sofi. get your money right. (♪)
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♪ larry: all right. trump's president, but the democrats have no idea what to do about it according to liz peek, syndicated columnist, fox news contributor: caroline downey's here, staff writer at "the national review." liz, as if it weren't bad enough that the democrats don't know what to do about trump, here's their guy, biden, 20 minutes before he leaves office pardoning the rest of his family members which is about the sleaziest and most destructive thing he could do to his party. i mean, it's extraordinary. >> yeah. larry: it's going the take a long time for them to recover from this. >> i agree 100%. it was just really a horrible
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thing to do to his party was democrats -- because democrats pretty much universally are saying that was not a good idea, it was embarrassing. and he didn't have the courage, the whatever he should have had to talk to the american people about it. he did it slithering out of the white house. it sort of just embodied everything we have come to really dislike about joe biden, the dishonesty, the fact that he can't talk and hasn't talked to the american people. it was horrible. it was horrible and, by the way -- larry: right. i don't think it's sunk in yet just how bad it is. i was watching one of the pollsters last night, and he's just saying, his head was down saying it's going to ruin the party for years to come. i'm not going to ask you about that, caroline. i'm interested in two genders. i believe "the national review" would probably back you up and back trump up and say there's only two genders, okay? let's start there. how many genders are there, caroline? >> there are two genders, larry --
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[laughter] and the latest executive order from trump said very plainly -- larry: right. >> finish what we can all observe with eyes, that sex and gender are indistinguishable. trump also announced protections for women's private spaces that are under assault there if men intruding into them. he said that women's prisons were no longer going to allow male predator felons the gain access to vulnerable if female inmates. and, again, that was a big sticking point on the campaign trail when he released that ad that was talking about kamala harris' aclu questionnaire and how he wanted to use your taxpayer dollars and my taxpayer dollars to to fund this. look, larry, dei and gender ideology, bottom line, were the death knells. they were the democrats' doom in this election, and now they better reverse course or i don't think they can recover. larry: i don't know that they'lk to liz. they don't know what to do about trump. do you think they're going to agree with trump about two genders or the end of dei?
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and, by the way, to make it worse, all of the liberal left billionaires who populate the democratic party particularly in silicon silicon value valley but also on to wall street, have you to noticed how they've come around now? they're suddenly flocking to trump, and that is driving the democrats even crazier. >> totally. they've lost control, larry. woke is broke, i think as you said many times -- larry: charlie. charlie gasparino. >> they've seen aligning their business interests with political interests hasn't worked out too well. so, yeah, they're edging toward the mainstream. we saw all those tech gurus in the inaugural, which is pretty amazing actually, with their significant others. the cabinet officers weren't allowed to bring their significant others. and democrats are going crazy over this because, oh, by gosh -- larry: [inaudible] >> yeah. that was bizarre. larry: by the way, did they all
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leave davos? [laughter] >> can you imagine what's going on in davos? larry: they've been denuded. it's all gone. it's all a gone. >> but the point is what's going on with zuckerberg and the google people,, it's all about communication. >> and i'll add to that, larry, since 2021, 82%, there's been a drop of 8 2% in mentions of dei in earnings calls. larry: oh, no. the final insuggest. -- insult. >> yes. it was toxic in this election, and companies me that recruiting based on gender and race does not help their bottom line. in fact, it's a liability. it's a vulnerability. larry: last one, 20 seconds. gen-zers and tiktok. what's going to happen here? if what do you want to happen? >> divestiture. make tiktok american. the ball is in beijing's court. they have all the time in the world to find a new buyer now that trump extended this by 75 days. larry: yeah. >> if that doesn't work, we
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create an alternative here with the help of elon musk or another tech mogul. we have plenty of brain power. we can make a cheap app like the tiktok -- instagram is far more sophisticated than tiktok. larry: we can make gen-zers great again. [laughter] that's what we can do. joining us now is alabama senator tommy tuberville. senator tuberville, welcome back, sir. i don't know if i want to make gen-zers great again or not. i gotta think about that one, sir. we'll think about that together. i do want the ask you though some pretty strong regulatory executive orders yesterday. one that really interested me. i mean, there's one that says no new regulatory orders. i love that. but this is about a schedule f, anybody who's engaged in policy. i don't know exactly how many of them there are, but, i mean, some estimates run 10,000, some estimates go as high as 50,000. what the order says is that the
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president, a president has the right the to fire them if he or she the doesn't like the way they're behaving. this is a longtime trump goal. what do you think of it, senator? >> well, it doesn't make any difference what they think. president trump's got an agenda, larry. he's going to take it forward. he's been sitting around four years waiting and thinking about this. he said -- he's had people investigating these things. yeah. when he makes the decision, it's going to happen. there's going to be lawsuits everywhere. there's lawyers smiling ear to ear. but guess what? we've got a new sheriff in town. he's been serious about this all along. he's going the take control, put people back to work. he's going to make sure everybody goes with the right regulations and, larry, it is, it's a different world up here just in one day. i'm walking around here in the capitol and, you know, the media, if -- the mainstream media is going absolutely berserk. larry: i just think trump is so optimistic. his inauguration speech -- it was business-like, but it was
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very optimistic, talked a lot about success, unity, and i think people want this. i mean, there's a reason he's so darn popular right now. people want it. i don't care, democrat, republican, independent, black, white, whatever, i think people want optimism, and they want to see somebody who can solve all the problems that joe biden's dark period brought. >> yeah. and they want to hear their leaders talk, larry. joe biden never gave a press conference. maybe one or two in a or year's time. president trump gives press conferences, he speaks to the american people. he has a game plan. he understands what's going on, what's good, what's bad and is he going to be able to fix everything? sure, he's not going to fix it all, but he's going to try the get it in the right direction. we are in a tail spin right now, and he understands that. in every area, economics, the border, crime, you name it, it
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is out of control and he's got a plan for it because he's been thinking about it for four years. larry: last one, senator tuberville. big storying big headline in to the's "wall street journal" that, believe it or not, hamas is effectively retaking control of gaza, and part of this is a function of this new ceasefire. now, i can't believe president trump will permit this, but that's what the biden ceasefire if had. what do you make of that, sir? >> well, what i a make of it is a philadelphia corridor between egypt and gaza, that's where they reup all of their recruits. they bring people underneath the fence through the corridor there, and when they had a ceasefire -- even netanyahu said this, you know, when we do this, they're going to reinfiltrate gaza, they're going to restock. they're going to have everything that they need to fight back, and it's just slowing the war down right now at a period of time. it's coming back. i just hope we can get this done. but again, if we can continue to let them reload every time there's a ceasefire, you're not
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ever going to have a solution to this. larry: yes, sir. appreciate it. running a little short today. senator tuberville, thank you, sir. at always, we appreciate your wisdom. you know that. >> thank you. larry: all right, folks, coming up, we've9 got to extend the trump tax cuts. must extend the trump tax cuts. let's goat it all done in one big, beautiful bill, and we'll talk about that with senator marsha blackburn who's got some interesting perspective on that it. i'm kudlow. we will be right back. what do a neurosurgeon,
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larry: joining us now, tennessee senator marsha blackburn. senator blackburn, always great to see you. you were on the radio saturday, and you had what i thought was a really brilliant idea. you said with respect the this one big, beautiful bill debate, why not just extend the tax cuts. not trump tax cuts 2.0, but just extend the current policy tax cuts and put that into the first bill, and then if you want a second bill later on for more exotic tax cut -- marsha, i have sold that, i have talked you up to a whole bunch of people, and people are saying, yes, it's a great idea. let's just extend, put that in the one big, beautiful bill and
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then wait down the road to do more, you know, more bold, aggressive things. i love loved it and so has everybody else i talked to. >> well, i think it's the route that we should go. let's use current policy, let's make those trump tax cuts permanent from 2017 and then let's come back and do no tax on tips and overtime and if social security -- and social security. there are a lot of people that want to lower the cap gains rate. there are people that want to lower the corporate rate. and all of those are going to require offsets, and they're going to take longer. if the easier portion would be to extend the trump tax cuts from 2017 and make that permanent and then come back for that second bite at the apple with the more difficult components and see -- it gives us time to build support for
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that. larry: you know, and also, look, a lot of people think if you just are extending the 2017 tax cuts, that's all you're doing, nothing new, then there's a current policy baseline that because not -- >> correct. larry: -- does not have to be rescored. you just keep rolling through that the way you would, unfortunately, some spending program. you know, a lot of senators believe that, a lot of house members believe that. it makes the job even easier. >> yes, indeed it does. and then for things like my bill that would take care of social security for seniors right now at $25,000. people don't pay tax on social security. but let's raise that floor to 34, let's take away the marriage penalty and say it's the 68,000 for a couple that is filing, and then let's index it for inflation. so there we have a current policy that we can tie to, we
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can update and find the appropriate offsets for whatever that would be. but it would be a smaller amount because we are updating that policy. larry: and, you know, you get -- just the extension and things like the 100% depreciation and the kiddie tax credits and the standard deduction and the rate reduction, that's a plus for the economy. it's a huge plus. and it helps expectations. it gives people more confidence to to go out there and invest and spend. i mean, i just think this is absolutely a bill for all seasons. >> oh, i do too. and the american people have been so clear, they want the border secured, they want the price at the pump to come down, they want our military to have what they need the carry out their mission. they want us to get inflation and the cost of loving under control -- living under control. larry: yes, ma'am. >> they want these tax cutsin
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extended. larry: thankking o you, senator blackburn. terrific stuff.in we appreciate ital very, very much. or eggshell... —cream?... —maybe bone?... don't get me started on quartz. a big big island... you ever heard of a waterfall counter?... for everyone who talks about doing that thing, and, over there. but never does that thing... a sweet little breakfast nook. chase has financial guidance. let's see how you can start saving to make this happen. —really? —really? really. at home or in-person. you could also check out a chase money skills workshop. that's guidance from chase. make more of what's yours.
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larry: that's it for "kudlow." thanks for watching, folks. ♪ ♪ (soldiers marching) - i am besieged by 1,000 or more mexicans under santa anna. (dramatic music) the enemy has demanded our surrender.

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