launching the first product, multiple myeloma was a one or two year death sentence and people on the drug living 7-8 years beyond the launch date. that's great news and great data on lung cancer adding years of life to the current standard of care. this is the thing that not only johnson & johnson but our industry does and we have to have discounts and rebates, that are plentiful getting into the hands of rebates and lowering out of pocket costs. liz: i could not agree with you more. joe, please come back and thank you so much for joining us. we're watching johnson & johnson, got a very fascinating full blown pipeline and so much more. all right, no record for the s&p 500. just miss it had. but the nasdaq up above 20,000. have a great day. that's it for us. kudlow is next. larry: hello, folks, welcome to kudlow. i'm larry kudlow. so, two days in and president trump already fundamentally

transforming our entire government at warp speed. it's like bidenomics but in reverse. we're going to break it all down in just a moment with steve forbes and our very own taylor riggs and if that weren't enough, our very own charles payne. plus, folks, a sweeping change in american foreign policy. we're going to talk to new house foreign affairs chair mr. brian nast and trump's war on sanctuary cities with chuck grassley but first up, edward lawrence live at the white house. edward, so what are you making up today, edward? what's happening down there? reporter: yeah, boy, can we try and keep up is the issue here. larry, yeah, you said it, two full days into the trump administration and companies are flocking in to invest in the united states. the latest announcement is star gate and data centers based in texas dealing with artificial intelligence. the first investment to this is $100 billion. that investment is today and

it'll expand to softbank, open a and openaiand oracle and today e reaction is positive. listen. >> we're in a race to see who is going to pour money into it and that's the wave of the future and also going to look. >> it's going to renegotiate the mca early and agreement he ratified if the first term and renegotiations and starting after july 1, 2026. canada's minister of intergovernmental affairs looking forward to working with president trump's administration to further strengthen collaboration between our two

countries to benefit the system of the nation. president trump respond that had we have more jot fentanyl coming through mexico is mass and i have people are getting killed and families will being destroyed. reporter: tariffs of 25% imposed unless something changes and again starting his third day in office and president finished signing another executive order making it illegal officially to cross the southern boarder and president trump closing dei offices in the federal government and reassigning the staff to paid leave. all government websites have been ordered to take down dei-related materials on them. the president saying that this government, the hiring, is going to be based on merit so that's what it should be going forward. back to you. larry: edward, one quick question and regarding the february 1 possible deadline.

he's always put in possible. and potentially a 25% tariff not playing ball if they don't close the border. it's been confused with a renegotiation of u.s. mca, which by february 1 would be an impossibility. i'm just trying to separate out the two or not. i don't know what you're hearing down there. reporter: yeah, no, those are two separate issues here and one, the president wants to deal with the fentanyl issue. he wants to deal with people coming across the northern border from canada as well as canada and southern border from mexico and that's one issue. not fixing that, they'll see 25% tariffs and another issue that the president would like to renegotiate usmca and believes there's some adjustment withs some of the items that are in that specifically. i have heard talking about the steel and aluminum with quotas and whatnot and in terms of that pass through, china is now trying to build investments in

mexico to utilize mca to funnel into the u.s.. two separate issues, you're right, larry. larry: edward lawrence, thank you for your great reporting. folks, with the stroke of a penn and stroke of mr. trump's pen, four years of biden big government socialism gone. and thanksgiving the subject of the riff. that's the sunt of the riff. few strokes of his pen, 118 to be exact, on day one, president trump's executive orders rolled back virtually all of the biden administration's 308 seizure disorderses. call -- policies calling it bidenomics in reverse. that's my buddy steve moore putting. these executive orders will kick in fast. mr. trump's appointees will see to that. american business back in the saddle. here it is from famed investor stanley miller and i'll quote stan, i've been doing this there are 49 years. we're probably going from the most antibusiness at

ministration to the opposite. we do a lot of talking to ceos and companies on the ground and i'd say ceos are somewhere between relieved and giddy. this is davos week. but metaphorically i'd say this week d davos is really a ghost town. historian walter russell immediate said the davos class needs to understand who won, trump, and who's lost, us. davos causes such as climate, woke human rights and globalism have all failed. no one understands these failures better than president donald trump. and like the good businessman he once was before becoming president, mr. trump's transformational policies won't wait a month or a year.

he wants to implement them at once. no one ever used executive orders the way trump has. biden's war against toes sit fuels, gone. open boarders and a wave of illegal immigration. gone. and excessive government spending, about to be gone. disempowering the socialist regulatory state: they're about to be gone. using tariffs to counter unfair frayed or unfair policy? about to be put in place. allowing foreign governments to tax american companies, gone. far outwoke and dei, diversity, equity and inflation, gone. pride and blm flags flying over the embassies, gone. government censorship, gone. endless number of genders, gone. back to two. so-called permanent bureaucrat withs left wing policies, gone. gulf of mexico, on it is way

out. panama that cal, looking for new management. it greenland crying out for new ownership. you get the idea, folks. president trump is not only changing policies, he's changing the very nature and mission of government, and he is resuscitating private business entrepreneurship. all with a few strokes of the pen. that's the riff tonight. all right. i have taylor riggs, cohost of the big money show and charles payne on fabulous fox business and steve forbes, editor and chief. there was a lot of go gones and charles. gone, what do you think? by the way, just on the point. davos is a metaphorical ghost town and all moving to mar-a-lago. not a big trump guy ever.

i say more never tramper than anything. he's an old friend of ours and maybe two and this is a renaissance for american business. not in the state socialism and all the rest and american business. charles: you're absolutely right. i read somewhere this davos meeting is similar to the last meeting of ussr. not tafanely moment too soon. not answer to interrogratory fly over there is the good news. i saw the thing with miller and i mentioned on it and going for them and complain and it's hard not to direct chilly honest and not hard to admit what's happening and many going onto say but, yada yada, yada.

it was in there and you can feel it ask it's an art and look at stock market. we know it. yesterday i thought intriguing and leaving in the inauguration and mainstream media and financial media, not on trump's side. their boogie man became tariffs and breaking news on tariffs, market went down. we hear this and that. what happened? huge tariffs and going to be huge. market explodes like, yeah, listen. i think more people if you're in this market to make money or in the world to bet r your life and prosperity, you try to take advantage of the moment. if not, it'll be a tough long four years. it's been a tough long two days.

larry: steve forbes, the people that carry these orders out and some of these odors include, i want to make this point bureaucrats who are not cabinet level or under cabinet level, but it down the food chain a little bit. those bureaucrats involved in policy disagreeing with president trump and the pink slips, they're gone too . that is a very aggressive use, maybe it'll be taken to the courts but meanwhile they're gone. and i think that's incredible and i think that changes the whole game. >> i think trump learned in the first tension he and his team, get rid of the people and they'll thwart you and they learn that had and will sweep it away. they'll win most of the court cases and paying very close attention to things nobody pays attention to. sea schedule appoint el pasos and if you don't have those

people, your people on your side this there, they can thwart policy or slow things down. they learned and will make sure they're removing all of the natural impediments to get things done. the big challenge listening ahead in addition to the tax bill, getting a real big beautiful tax bill, co-defining in law by executive orders, you don't want a time coming when a democrat comes in and does 500 orders and undoing everything you've done. you have to codify it so embed it in law and makes it harder and people get used to the new order of things. larry: speaking of one big beautiful bill, taylor, coming to you in a second. we have sound from speaker johnson and president trump. here it comes. >> the reason the president talked about one big beautiful bill and the reason we talk about it as well is that's the most efficient and effective way to get it done. i think we get it done by the end of april or certainly by memorial day. >> it's in some ways made simpler by los angeles and they'll need a lot of money and

generally speaking you'll find that a lot of democrats will be asking r help. larry: now, a very new and interesting political thin. and wild fire assistance. they'll need it allot and a couple hundred billion and more than that and deserved and pure tone averaging strings on it and california. let's talk about spring strings and talk about one big beautiful bill. >> strings because i'm from california. i'm got the state insurance going and why are we the only state and priced people out of the market because we've told the actuary and going with them and it's going to cap prices and can't go for that and what is california doing that the insurers had to pull out because they can't make the numbers work. i feel for the people of california and i would land of o see strings attached.

can we give aid if we prosperity the way we do controlled burns? can we give aid if we prosperity that we change the way that we talk about insurers and the actuaries and price control s? i don't know if that's politically feasible, if we don't do that, you'll get wild fires every five years because guess what, every couple years it's massive rainfall and massive overvegetation growth and every couple years turns into a big tinderbox. i'd like to see something change so we don't keep seeing the wild fires. larry: along with that, what tram subpoena saying, charles, is it'll be a lot easier to get some democrats on board with one big beautiful bill that will have the tax extensions and the tax cuts and vote boarder and defense and energy codifying the new regulations for that point. but the need for assistance may bring some democratic folks they might not already have and consequential you might have a

whole big beautiful bill including tax cuts by memorial day? who knows. easter. charles: aagree with taylor and the thing is one of the big impediments we're going to be blue state republicans. this kind of supersedes that, particularly for any republicans in california, the urgency factor is immense. immense. and going to get them 3 million and $20 million house, there's $3 million worth of insurance and, you know, there's a major riff there and they're in trouble. they're in trouble economically, politically, there's a sense of urgency that, you know, that does work in president trump's favor, and i think it pushes back against there's a little bit of, you know, some of the republicans, i mean, i interviewed mike law herrera and he was -- larry: what does mike say? >> it's the whole agenda and that's going to get your way on

salt and he tried to kick it back to our friend in texas who's on the other side, you know, on the real tough time. >> yeah, going for them. it's almost like having two kids and kids and i didn't let him off the hook and bottom line s listen, you're running into the -- this is a ewe teak opportunity and everyone understands you cannot take for granted the numbers or the momentum. you have to seize the moment, and i see now to your point and where the conversation is going, some democrats will have to see that as well. larry. the moment is now and tribe while the iron is hot politically. mr. trump is enjoying a fantastic honeymoon. he's making great use of, as i say, these executive orders, many of them will need to be codified, but he's sending out statements and messaging each time he does this. he's not letting -- you know,

he's not going to wait. he's not going to let the grass grow, if you will. he's moving right away on action president and he's not deatherring around. that separates him from almost any other president i can remember with the possibly exception of ronald reagan. >> well that, also underscores the need to be bold on the tax cuts and capital gains are revenue right back anyway. to your point, taylor, in california, how many people know that california takes half of its rainfall each year and flushes it into the pacific ocean? only less than 10% of the rainfall is used during a commercial going for them and there's a monumental waste of water and people know what happens to the fire hydrants and they'll ring in a way they didn't do before. make changes there and that's for friends and concerned about salt in the big new bold bill and that's going with rate cuts.

and more. larry: i mentioned capital gains and may briefed her on that . different segments trying to separate you both out and did mention cutting the capital gains tax and going for them and something travion green trump said and i heard him say a million times in the oval office and and only the u.s. legislature, aka the congress. and companies and foreigners cannot tax american businesses. full stop. come to and end. so that happens and janet yell and minimum taxes and let the french tax company and going for

them and it's gone. >> great statistic and meta having a global business and going to have europe creating zero billion doll harper lanes company ifs the time -- dollar companies and going with $6 trillion companies and why? we like business. and we believe in capitalism and underregulation and we like the market, free market to fix itself and stop being the big business guys and get out of that and focus on being unapologetically america first and if that's what it takes to set an executive order uecd and you don't get to do that . that's what it takes and american people voted for that. larry: what's your take on this star gate business. and ponying up all the money. >> getting to it. charles: my son was there and

said to get to where we want is going co-cause $9 trillion. it's a step in the right direction and taking two to three weeks and going for them and we have a data center leak and cannot. this is tortoise and hare stuff and cannot fall asleep at the wheel. larry: less governmental regulations. >> it's permanent. larry: steve forbes, if mr. trump is forced to take some tough action with mexico, does they're not going to help us on the border, not going to help us on the border, no tangible help on fentanyl with the cartels. suppose he slap as 25% tariff on mexico. just suppose.

>> it's why i'm happy the speaker is saying he can have that and memorial day and we need something to juice up the economy in case something like this happens and behind the scenes and i'm sure our diplomats are saying it now, the cartels are about to make mexico a narco state. they're controlling much of the country. this is a way to start cutting them back. put the h onus on us and it's going to bomb the country. >> these are drug factories. >> subtly and drones appear out of nowhere it seems. drones appear over mexico. where do they come from? who knows. larry: drones over mexico, sounds like a woody allen movie. i hope something is done by it. i really do. whether it's hard or softer. >> i think they know he's serious. larry: cartels are getting away with literally bloody murder and one has to wonder who's running mexico.

president says she is, i don't know if that's true. does anybody know with all the corruption? charles: de facto splitting the country up and it's de facto and the narco state exists and coexist withs the elective state. larry: charles, stock market with all this going on and essentially trump is resus resuscitating american private sector, entrepreneurial business, he's resuscitating it. stock market bullish? charles: very, very, very billionish. i'm a rose colored glasses guy but i've got two pair on now. larry: we had him saying s&p going to 10,000 by end of the ebbing did cade. 6,000 now. charles: could be low and not a big call.

feeling like that and this isn't based on this is based on growth in the future and optimism of them going to have ceos with excitement and going for them and capitalizing them and going with them and corporate tax rate. larry: what trump is doing is reopening old fashioned opportunity here in america. and he's making accessible and answers to every part of the population making accessible and moving government barriers and going to get them on the line. there's social regulars and regulations and going for them and felt you're all fabulous and catch charles on weekdays at 2:00 p.m. eastern and plus starting monday, get this, the big money show going to go two hours and don't miss taylor and

cohost and fox and going with cool cohost and going first week. larry: i got to get up early that day. marco rubio announces a sweeping change in american foreign policy. new secretary of state. we're going to talk about it with house chair brian mast more when kudlow returns.

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it brings people together in meaningful ways. >> this is true in government and at the department of state. everything we do must be justified by the answer to one of three questions: does it make us stronger, safers and more prosperous. if it doesn't do one of those three, we won't do it. larry: stronger, safer, and more prosperous. we have brian mast of florida. thank you for congresswoman coming on. we appreciate it. what do you make of what secretary said in what do you make of stronger, safer, and more prosperous.

>> system of articulation this is a question at state department and more focused on dei and diplomacy and asking what does america need from the country or region, what does that country or region want from america, and does the transaction in there and the relationship in there, does it get america what it needs? they stopped asking that question and just focused literally from top to bottom on promoting dei. larry: chairman, marco rubio talked about a one flag policy and only stars and stripes flying over the embassies. no blm flags, no other -- type flags. >> the flag policy needed to be done, but it's just the tip of the iceberg. they're flying them over vatican or ewe gone data committee or the other -- uganda and other places and that was entire dei section of the state state department and chief of that

once testified to me the bucket of applicants for state had to look a certain way before they would take merit into act and then for advancement and people already in the state department, they had to prove how they were advancing dei and so you wonder how did they decide that they were going to do $47,000 to support a transgender opera in columbia or $20,000 to do drag shoshows in ecuador or writing a transgender economic book in peru. they were justifying to advance dei to get promoted in the state department. larry: yeah, one thing i came across doing reservice connected and have you coauthored 2023 with marco rubio i didn't know this, this sin credible. this is incredible. the french embassy showing paintings instead of paintings

of american founding fathers, instead of that, those paintings were replaced with pictures of transgender activist, a violent protester, socialist leaders and communist in the name of diversity and this was french ambassador barr ambassador and i got half a minute, brian mast. this is incredit card and will such a thing could be possible and american embassy. >> one of the 20, 15rbgs people signing off on programs and understand that secretary rubio and entire trump administration and congress were looking for you and not going to be a diplomat for america any longer. larry: terrific stuff. chairman, i want to talk more to you about foreign policy. we've got to get out now, but we appreciate you coming on congrats on your new position, >> thank you.om

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larry: on the eve of his confirmation, pete hegseth. new round of smear tactics. are democrats trying to cavanaugh pete hegseth of the supreme court justice. we have rich lowry, ed turnovers and of national review and carine hajjar. did i get both names pronouned properly? >> you did. larry: i've been working on this. are they trying to cavanaugh pete seg seth and -- pete hegseth and smear from various former family members. what do you make of this? >> all the types is tricky. there's been less instituteny on this confirmation than justice

cavanaugh process but scrutiny nonetheless. the timing of the fbi investigation and the fact that only went to ranking members of the senate armed services committee ahead of the confirmation hearing threw a wrench in all this. if he got up and said i'm a changed man, he addressed all their concerns that day, but maybe he could have gotten this out of the way too . i wonder about the transparency of this going into the investigation. larry: i wonder the accuracy. this is the former sister-in-law but the former wife disagrees with the former sister-in-law. and the former sister-in-law is represented by democratic law -- i don't like to get into this because it's off my beef but strokes me with a lot of phony bologna. if the two sisters are in disagreement with each other? really? what's the point. >> if you want a true and correct picture of family dynamics, don't usually go to the ex-sister-in-law. that's what they've done here and said, it was very interesting in her statement.

she said she'd been assured if she went public there'd be enough votes changed to go down. she's speaking the quiet part out loud and democrats went to her and convinced her to do this because it would take him down. and it's not. it's not. republican haves dieded they're for him and has to be explosive and locked down if you're going to change any republican votes and this is not that. larry: you know, carine, i would just say this and look, it's no secret about pete hegseth is a friend of mine and i'm for him in the c confirmation. having se served in iraq and in afghanistan. he comes home. so okay, he drinks too much. is that the worst sin in the world? some of these people come back and suffer much worse than that, and maybe we cut him some slack? it was ten to a dozen years ago and he has said that he looks to

god and jesus as a forgiving him. is that the worst thing in the world? veterans, you know, maybe we should cut them a little slack. >> well, this is an issue that a lot of veterans face, and i think it's actually sort of a humanizing topic that again having more time to get into t he had that one confirmation hearing saying i'm redeemed and credited his wife in all that. had we had more time and questions, he could have gotten into that more deeply. i'm sure that a lot of service members would appreciate that he's talking about it at all. like you said, it's something that people face, and it's also a challenge that i think the armed services are going to have to address and maybe under his leadership, that will be a priority. larry: i think it's worth supporting him. he had tremendous support. not every vet, but most vets supported him, including these veterans groups. i don't know, i think he'll get through. e think republican haves made up their minds this last minute stuff is not going to affect

this. >> in terms of rank and file, a guy in combat recently, drank too much afterwards, has tattoos that people don't like, a lot of them -- yeah, we're on board. that's our kind of guy. that's the whole point of this nomination to be different than the four or five star general that has -- that's a bipartisan teddy bear in washington and trump did a lot of that first time around and didn't work out well. larry: so, did elon musk kick vivek ramaswamy out of doge? are you following it story at all? sort of a late breaking story. vivek is going to run for governor. before that it was senator. all of a sudden people are saying elon booted him out. i don't know if that's true. it could be more kavinoyying. seems to be the culture. what do you know? >> we're hear aing a lot of different stories on vivek's account and involved to the last moment and drafting executive orders of dog e.

i think he ruffled feathers during the holidays with the h1b debate and he's compelling for the candidate and he's going up in a competitive primary and salt of the earth ohio kind of guy. this will be a really fascinating race to watch play out and vivek has been in a national sort of anti-woke mode and his messages has been a nassau countial one. now coming home to ohio and running against people that have been working exclusively on ohio and make his case to those people. larra rhode islander i notice elon musk also took -- larry: i notice elon musk took public wraps at star gate billionaires saying they don't have enough money. at what point does elon get into trouble for his public political, shall we say, discussion s? >> yeah, i think he needs to be a little cautious here. this has to do with a billionaire rivalry; right, that

started long before donald trump was in the picture. prosecuting publicly and he's touting this deal and a symbol of the forward progress on ai and other stuff. you know, x is a shoot by the hip medium and shooting by the hip can be great, but occasionally you can miss fire and elon has to be a little cautious. larry: i think sometimes mr. trump doesn't like "staff" to weigh in publicly ahead of skis. >> certainly not critically. larry: that's something we all learned. pardons for j6 defendants, what do you think? >> i was surprised by the scope of pardons. two things can be true at once. question whether some of the prosecutions were politically motivated. question whether they want too far, but look, president trump in his ibram august rale address have a great line about police being part of some of the patpatriots that built up this

great country. i think there's some mixed messaging here with a third of the prosecutions after j6 having to do with assaults on law enforcement. and look, the republican party ran as the tough -- as champions for law enforcement and they certainly have been more than the left. it would help the president to address that in particular and, you know, address the concerns from the law enforcement community. larry: what they did wrong, the j6 people? >> well, some of them did assault police officers. i would prefer a case by case review. but their calculation is that would have taken forever and this will play as turning the page and politically i think they're probably right about that . larry: probably what mr. trump had in mind. carine, last one, joe biden writing a lovely farewell letter to president trump and took peter doocy to find it in the top drawer of the desk. >> any letters sitting around there for years, larry.

larry: doocy gets credit for that but it was a humane and kind letter. >> it was. and more than that, he continued a reagan tradition that we can all appreciate. it was a gracious letter and president trump himself said he appreciated it larry: only really good thing joe biden did in four years. is that possible? don't answer that. carine hajjar and rich lowry. appreciate it. president trump taking on sanctuary cities and committee chair mr. chuck grassley coming up next on kudlow. ♪ ♪ chocolate fundraiser. ♪ with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. [coins clinking] ♪ that's convenience from chase. make more of what's yours.

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it brings people together in meaningful ways. larry: president trump taking on sanctuary cities and joins us is senator chuck grassley of iowa. welcome, sir. you have blue state mayors and governor saying they're sanctuary cities or states and therefore neither ice nor anybody from the federal government can come in and identify and going for them and doesn't apply because of sanctuary cities. as incoming -- as the chair now of judiciary the h. what do you say now? going to be unconstitutional.

one of 18 powers of congress to pass laws dealing with immigration. going to be violating another federal statute if those local people interfered with the enforcement of immigration law. so the trump administration and entering the people illegally and violation of the laws and can't come here without our permission. they have a right to go get them and particularly people with criminal records. larry: certainly federal laws override the local laws. is that fair? >> yes, it is. larry: we've cited a lot of them and one of them is at naturalization and immigration act. other people have cite that had

and i've talked about it with various lawyers. i don't understand how these blue state mayors and blue state governors don't understand that in plain english. they don't like this. >> is that the section of the code that encourages local law enforcement to work with immigration enforcement? larry: yes, sir, yes, sir. that's exactly what it is. he's passed in the immigration law and rests upon an agreement being made between state and low cal government and so -- local government and got to be a mutual agreement and if that's not going to have that mutual agreement and that still does not give them a opportunity not to cooperate with the enforcement of law. larry: let me shift to another one. schedule f, mr. tram subpoena

firing people with open door policy and may not be schedule cs and may not be under secretaries or assistant secretaries and down the ladder if you're involved in policy and serving at president's leisure, you can be fired and pushed them out of the justice department and going to get head of the judiciary committee and what do you make of that? >> well, first of all. every president, republican or democrat has to abide by the law. i think the president is acting very much within the law because he established this before he left at the end of his first term. and if he hadn't been doing the right thing, biden wouldn't have had to override and do away with what trump tried to do in 2020 or 2019. the president is doing it within the law and haven't read the law

lately on this subject. so i don't know how far down the ladder he can go. people involved with policy if they're working for the commander in chief, working for the chief executive officer of the united states government and that right now is trump, then they have to carry out those policies. if they don't, they shouldn't be be in that position. in fact, they ought to take the initiative of asking for another position that isn't contrary to polpolicies that maybe they thik should be enforced. this is the president's attempt to make sure that what happened in 2017 to 2020, he had people buried in the bureaucracy that undercut every policy trying to make and he's trying to make sure that he delivers on the mandate of the election.

larry: thank you, senator grassley. we appreciate t sir. ... check in time is 3:00 it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun.

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