tv Kudlow FOX Business January 29, 2025 7:00pm-8:00pm EST
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trump's not kennedy's, senator bernie moreno will be here and senator jim justice weighing in on west virginia drill, baby, drill, and new a.i. data centers. and white house alina habba talk about white house budget cutting and federal reserve more worried about tariffs than interests. first fox news alexandria huff live on capitol hill, a big day today. reporter: i think it is tensest hearing yet here there were supporters for robert f. kennedy jr. but not alot among democrats, main reason would be on topic of vaccines. rfk jr. said he is not antianything, he had it right away in his opening remarks that were soon interrupted by a protester.
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>> news reports claimed that i'm anti-vaccine or. >> i am neither -- i am pro safety. >> [indiscernible] >> we'll have order. reporter: that was one of about 4 outburstses that happened today's hearing before senate finance committee, given what a lark large budget hhs has, he would oversee a 1.7 trillion dollar budget. 90 thousand employees. and kennedy said his make america healthy pursuit would prioritize nutrition and shift federal research away from infecttion disease toward chronic illness. >> first thing i have done every morning for past 20 years, is get on my knees
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and pry pray to g to g to put me in a position to end chronic decide epidemic and headline america's children. >> hearing lasted three and a half hours. another thing democrats tried to bring up the issue of abortion, kennedy had passed statements where he was an abortion supporter, they wanted to highlight that to republicans. >> i'm coming awake. that this nominee is not even completey clear on the difference between medicare and medicaid. >> i know there are concerns about vaccines, i think bobby put them to bed. reporter: we're seeing that divide. rfk jr. will attend another hearing tomorrow, a vote is not expected to confirm him this week, moving to white house, today president trump did sign his first bill in
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his second term, that is the laken riley act that mandates detention for person who is in this c country illegally and accused of a crime. >> thank you very much. >> president trump, okay. president trump will run the hhs department. that is the subject of the riff. so all eyes on robert f. kennedy jr. in his hearing before senate finance committee to become secretary of health and human services, people on left and right have taken pot shots at mr. kennedy over his past statements down through the years. one respected conservative editorial page spend most of his time attacking mr. kennedy for his climate change views argue he prevented new york from drilling oil and gas in his days as an environmental lawyer, it may be true. it has nothing to do with duties and responsibilities
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of hhs. here is where i come out on rfk nomination, i support it. why? because president trump wants him to run it. mr. trump won the election. convincingly, he has a right to his own nominees, barring any clear personal legal problems. mr. kennedy has said time and again that he will execute president trump's policies at hhs. now this may be an old fashion point of view, but that is the way that system is supposed to work mr. trump won the election, not mr. kennedy, trump tells kennedy what me wants at h hs and kennedy is there to implement mr. trump's vision, thing he's said years ago, and now backed off, autism, vaccinations and so on, does not matter, a, because people do change. given the benefit of the doubt. and b, because he has
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assured the president that he will carry out the president's policies. one example at hearing today to question of mid -- medicaid it way too big 10 million more people today than precovid, total spending up 60%. a sum larger than the defense budget could likely that mr. trump will restore incentives to work for the able bodied that included medicaid that is a poverty program for those who are physically incapable of work, mr. kennedy addressed his desire to reform and reduce medicaid as per president trump's policy, he said it several times. here is one of them. >> ship is sinking. our 60% increase in medicaid over past 4 years, is the
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biggest budget line, it is growing faster than any other. we have highest chronic disease burden of any country in the world. this is an extent shall threat, economically to our mmilitary, whil health and sense of well being, this is a priority of trump, that is why he asked me to run the agency, if i am privileges to make it through, i that is what i will do. >> that is how cabinet government should run. rfc will have smart people around him. ssabrina run international institutes of while, and marty mccarrie run federal drug administration. they will be top flight lieutenants who will assist mr. kennedy at h hs, and also kennedy emphasized he
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wants hhs to be completely transparent. and he wants agency to be major provider of health related information. transparency information. by the way. if he could get hospitals and doctors to provide transparent prices for their services that would be a great leap forward in holding down health costs and making the system more efficient, thin. i confessed to liking the fact that mr. kennedy is a democrat. or a former democrat. in president trump's republican cabinet, there is something about having a kennedy serve under president trump that strikes my fancy, at the end of the day mr. trump won the election, big time. he will inact his policies, using his designated advisors and agency heads if they don't understand that, they will soon be gone, get
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it? i got it. that is the riff. that is all i got. joining my now, to hash through this. we'll have some who agree some who don't. alex marlow. breitbart, we have byron york. chief political correspondent at washington examiners and fox news contributor, and ben domenech editor at large at the spectator thank you. alex, by wait breitbart has a spiff i front row seat in the white house press room, i know that is not what we're here to discuss but it is cool. >> thank you, amazing day for us, nice to get that acknowledgment from press secretary. and just old media guard is crumbling we're thrives in new media just, a great moment, and the next 20 years will be sweet we're getting against the
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establishment press, favoring folks like us and everyone on the panel today. larry: what do you think of the rfk story, alex, thumbs up or down? >> i love it, i think he is really sort of a subtle genius, the way he presented himself today is fantastic, i come from a family that practices western medicine, my wife is a medical doctor. and we could not be more excited about this pick, he is a threat to the bureaucratic establishment we make a lot of fundamental mistakes in this country with our health, we do it over and over we're over mitigated, overweight and obese we don't talk about the right stuff, the way people were yelling at him today, warren in particular and sanders about some a once onesie that toddlers can buy this is so farcical, they want to keep doing same themes that have kept us so unhealthy for so
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long. larry: ben domenech you in the same camp? >> i think i'm probably not as big of a fan as alex but i think that we have tried a couple different ways to approach reform within the contact of people policy. and the previous attempts have not worked out republicans, when they are an opportunity to try to push for reform they had very much difficulty in getting them across the finish like, i was at h hs as a political appointy george w. bush. i saw how difficult it could be in terms different people with their hands in the till, with overall issue of understanding america's health crisis, rfk is a better messenger on that than the past, i would remind you previous administration's nominee for this same job, who passed very narrowly, was someone
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who had zero experience in health policy, total political hack. and javie xavier becerra. not where democrats can criticized this choice given the fact while be implementing donald trump's policy. larry: byron thank you, ben. at the end of the day, rfk they be new secretary of health and human service, that is great. but the fact is that real secretary of hhs is president trump. and by the way, related to that, i can assure you this having worked in the white house, on several occasions in my time, you know, there is a lot of white house advisers who will weigh in on what hhs should do, but, it is mr. trump, who makes policies not robert f. kennedy. mr. trump is not opposedded to vaccinations, he is a pro life president, and he wants to down size medicaid and i
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guarantee other things, he hasother advisers who'll help do all this stuff. people -- i know democrats can scream bloody murder, their heads are spinning. that all they can do under this trump assault of executive orders and new nominations, but the fact is that trump policies, and what did rfk do, he pledged h he would follow mr. trump's policies, he was explicit about that? >> well, he did it quite well. i thought highest very effective -- i thought he was very effective when it came to talking about chronic disease and situation, that something he has been talking about for a very long time. he is a very flawed character in memb many ways but he was compelling. and you mentioned that is something i was going to say what was striking, about this hearing of the that almost desperate desire of a
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number of democrats to bring r23rfk down anyway possibler car. the caroline kennedy message that came out just hours before the hearing and new scandal reports that came out hours before the hearing with classic, you know, marks of a hit job in a party that is desperate to bring him down, why is that? is it about vaccine? i think religious authorities sometime hate -- they do kennedy with his name. as bee that for democratic party. larry: is the party i like the most. i like the part and a kennedy, a kennedy democrat in the trump cabinet, you are all so young, tulsi gabbard may make it two democrats in cabinet, it has been a long
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time, really, ironically, i think about it john f. kennedy, he had several republicans in his democratic cabinet. several. including robert mcnamara and george bundy his security advisory, this is interesting to me, even you know alex, step back. the democrats have lost their minds in the last week. it is -- remember we were kids, or i was a kid, maybe you were a kid too, cartoons, and the figure you stick figure, you know, and walks out and the head spins. and one way and the other way. the democrats are in a head spinning mode, they don't know what to do about trump. or his executive orders or his democrats coming into the cabinet or pete hegseth or any of the above, alex,
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they are crazed. they have now coherent response, you saw it today, as byron just mentioned, how crazed they were. at this hearing. >> yeah, well, they have one move that is to lie, i learned manage today, i thought i knew a lot about robert f. kennedy. but i didn't realize that whole origin of the thought he somehow anti-vac the a blanket level from an out of contact clip from a rex -- that said he does not believe there is a single vacs for everyone. this is based on a lie. i actually watched that hearing, that is why he was shouted down, they are barking at him, making it owned -- it is not an outrage to back ai a kennedy who spent his entire life thinking about these
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issues. they just try to lie, white and steal. larry: ben domenech, he -- dems don't know what to do they just -- fascinating. >> i think that you saw that particularly in line of questioning from senator warren. liz warren came on to scene someone who was this open you know critic of corporate america. you know willing to stand up for consumers, and the little guy that was her rep, now, we see her having been on capitol hill one of the biggest recipients of big pharma money over the year, going after you know kennedy saying, you know will you commit to not take money from drug companies he laughing say, i don't think that there is anything that wants to give me that money, and after him for suing drug companies when did democratic party become so in pocket of big pharma, they tell us -- alike anything they tell us we
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should just believe. -- something that we hope to see. larry: i think it will be transparent. i just say, you know, i was watching on and off all morning. friend of mine mark warner, who -- senator warner, he is a good guy, a moderate democrat, a former businessman, i worked with him. mark warner raising his voice, yelling at robert f. kennedy. i could not believe that some things -- relax, take it easy, otherwise you will need health advice, thank you all, a alex marlow, byron york and ben domenech. >> coming up, lutnick emphasizing importance of tariffs to create reciprocity, and he seems to suggest there will be no 25 percent tariff on saturday for mexico and canada, that could be important tidbit.
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. >> ohio senator bernie marino was there, he is joining us next. kudlow, monday, through friday, 4 p.m. here on fox business. just text your favorite 9-year-old. and she will show you how to tdvr the show, you will never miss a health lecture from robert f. kennedy jr. or something like, that i'm kudlow, stick around. i bet you can buy the whole team new cleats with all that money you saved. nancy dawson is passive progressive. you know, nancy, that's actually really inappr-- oh! nancy doesn't have progressive so she takes it out on those who do. you should get luca private coaching with that. maybe he'll score a goal. i figured you'd want the whole roll since you saved hundreds with progressive. how many tickets? two, please. don't be passive progressive. two for becky. drivers who switch could save hundreds.
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>> shut your border and stop allowing fentanyl into or country killing our people, so this is a separate tariff to create action from mexico and action from canada. and as far as i know they are acting swiftly and if they execute it, there will be no tariff. larry: well you there. such a person point. po-- there you go mr. trump. such h an important point, joining us now talk about this ohio senator b-a-bernie moreno. he was there at howard lutnick hearing, we
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appreciate it. i start with it mr. trump said, he could go to 25% with canada and mexico on february 1. which is saturday. just a couple days from now, and i'm looking for a clue. and sounds like howard lutnick today, actually karoline leavitt in press room yesterday that mexico and canada are helping us. to choice the border. -- to close the border, how did you see it in the hearing. what can you add to that from my friend howard lutnick or what do you think about february one deadline. >> howard lutnick did an incredible job. he wowed the committee, showed his true character, highhe is an american success story, and now serving his country. and mexico and canada, looking at border crossings, they are at an all-time low,
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mexico stepped up to the plate, canada has too, we'll get them to near zero, when that happens i think that president trump will look at that it has worked. biden could not get it done in 4 years, the border crossings were 14 thousand a day, they are almost numbers that we never thought were possible, his form of diplomacy works, the question is what happens long-term, we can't continue to have mexico and canada treat us unfairly, in auto stindustry, we make 4 million cars in mexico and canada this are sold here. that makes a big difference, i think that president trump will get us there. larry: senator bernie moreno will you request that president trump either redo or reform or something, the usmca deal it was painful when it was completed in
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2018 or 2019 we all worked on that bob li lighthizer had the lead, would you want to see changes in that. >> more importantly president trump wants to see changes, i think high still thinks that -- he still thinks that can takes advantage of us and mexico does in ohio, i care about we have seen our trail base decimated. we had republic st steel shut down, and a new steel factory built in mexico, that is being ship offed here tariff-free, we want is reciprocal fair trade, that is what trump will insist on. larry: that is his view, reciprocity. if you tac tax us we'll tax you but if you stop we'll stop, did you can dpleenglean
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anything from heard today what mr. trump calls ring around the collar tariffs? anything about that? >> i think that president has been clear, howard made it more clear he works at the pleasure of the president, his job toke cute p -- job is to execute president trump's ajoiagenda. we have to protect american jobs and american manufacturing for national security reasons, around the auto industry. larry: i in favor of it, not -- i never met president mckinley, i just missed him. but one thing about i like about universal tariffs that gives trump's lot of number of ya -- negotiating
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flexibility but it could raise money, pay for tax cut to make america and america workers more which competitive and and happier. >> you are right, that is message trump has been providing, mckinley is from ohio, renamed mount mckinley accordingly, i think that president trump will take that m mantle oyou are right that is why my bill to fund external revenue service take agents from internal revenue service that reek havoc on american is citizens go terrific. senator bernie moreno, ohio, you are right, mckinley is from ohio, in 19th century most of the presidents were from ohio. as i recall. thank you, sir, we appreciate it. >> now a vice president from ohio. larry: there we go, all right, terrific stuff. that is a winning smile. thank you, sir, we issue with it.p -- on kudlow why is
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federal reserve panicking about trump tariffs? they are more worried about tariffs than interest rates? dan clifton and john carney weighing in today was a fed day, not much happened they lift rates unchanged, i am ckudlow be right back. (♪) i don't play for money. before my mom passed, she told me to play big— play for something bigger than myself. now, my ambition is to play so i can help and inspire others. that's why i joined sofi. they help people save, spend, earn, borrow, and invest toward financial independence. so they can realize their ambitions. no matter what they're playing for. sofi. get your money right.
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>> next up fed is more worried about trump tariffs than interest rates. or money supply, they are panicking over the trump tariffs, today was fed day, they didn't do anything on interest rate front. we have dan clifton, and john carney breitbart economics and finance editor. and coauthor of daily breitbart, dan clifton reads your report, harkening pack to 2018, fed may make the
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same mistakes, they by the way, this is a federal reserve board in washington where the staff and whoever governors, what was number? 90% over 80% donated money to democrats. i want to remind people. your point is, the fed crazed about tariffs, economist say that it is inflationnary they might raise rates and damage the trump boom. >> you know better, we did a massive pro growth tax cut at end of 2017, and small tariffs on china. over courts of two 2018, and fed got worried it was inflationary, that higher growth, and tariffs, they made a decision to keep rates high and elevated through ought 2018.
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they did was a cut off growth, you could see it in yield curve flattening and december of 2018 comes, and s&p 500 falls 20% in dirs, in the month of december, they were wrong, trump is right. people make mistakes. but they are using the same logic today to justify high arehigher interest rates now, they were all about cutting them in september, today had they are about woe the inflation is not moderates down and we're worried about tariffs, three meetings in a row they have been focused on tariffs. >> john carney, i think that -- you know correct me am i'm wrong, my suspicion, fed staff they think that trump
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is not a good president. they are not trumpers, they are anti-trumpers and they think that tariffs will be inflationary. third, you have pointed out, the fed thinks that strong growth is inflationary, they have still this phillips curve thing, that is worrisome, you have fed spokesperson, "wall street journal" reporter nick, he is writi writing columns about fed's fear of tariffs, he never mentions any conservatives or republicans just liberals what do you make of this? do you see it? are you worried about it? or would the fed do what they are supposed to do, wait! wait, do nothing until the trump plan is passed. >> i think they are playing an interesting game, you are
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right. "wall street journal" printed ni it was meant to say that fed is worried about inflation. from the tariffs. and today in his press conference, he took a different stance powell refused to hit back at tariffs, i think he may have gotten the message overnight. that the "wall street journal" article of a mistake. he was politicizing the fed. he very clearly said i'm not talking about tariffs, they asked him -- will you talk about d.e.i., no he would not, talk about deporting people. >> no. and h he i think got rereligion overnight, trying to g bit back to fed's lane where he should be. larry: i don't believe the
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tariff, whatever j. powell may or may not have said, yoibi don't believe that the tariff fire is over, i think -- tariff fear is over, i think you have a lot economists whispering in his ear. colombia, the trump threatening colombia on accepting deported criminals, back to colombia, we didn't get the 25 or 50% tariff, because of trump's tariff d diplomacy, i think, from the stress room said -- press secretary said yesterday, sounds like canada and mexico are helping us sufficiently, u.s. government, on the border, so we won't get those 25% tariffs either. so interesting, people who are crazed about tariffs they don't understand trump, they don't understand his negotiation, they don'tn 't
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tariff diplomacy because he is so good at it, we don't get the kind of tariff hikes that everyone is talking about. >> i think you are right. i would say, that threat of tariffs, are not real, if people just think it is a threat. i think that president trump will use the tariffs if he is not getting what he wants. whether it is with mexico or china or wherever. the key issue is that what is the plan? we may to tariffs or a 15% corporate domestic rate cut at same time. you don't know that. and does that change your equation overall? the fed should not be in this business of trying to do, that what they are doing they are taking all bad, they say to be bad, tighter immigration, and the tariffs, they are not looking at the good. the construction of lng export terminals and the pro growth tax cuts, and you are only focused to bad you
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will get the monetary policy wrong and make a great policy error, that is the lesson from 2018, much of news flow from fed since election has been following that path, the rhetoric may have changed, actions will speak leader. >> john c carney, i would take 15% tariff and then put 15% tariff provides into a 15% tax rate on businesses, and might take -- put it 15% clap gains tax in there. >> we could do it bigger tax cut. corporate -- if we had tariffs in place, that were generating revenues, we could almost eliminate the corporate tax. can you imagine how great that would be for american businesses, 15% might be a good starting plates place, let's go lower get that tax
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rate as far down as we, can trump loves mckinley, he loves you are right, loved bringing up generating real revenue. larry: thank you, both, john carney and dan clifton. >> joining us now alina habba, counselor to president, we're excited about trump tariffs and program. alina, help me, the executive order to put a freeze on the green new deal, and climate change, and the misnamed inflation reduction act, and d.e.i. it -- people are going back and forth now one has right answer, as i read the press office reports, sounds like mr. trump is sticking to his guns, he will put a freeze on it we'll w wind up
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cutting it out, you tell me. >> that is correct there a freeze, you would understand it, that is why you are the best in the game. there is a freeze, and despite that omb putting out their memo there is still a frfreeze, on november 5 there was a mandate we didn't want to have irresponsible spending with american taxpayers dollars. and that is what the last administration did. we're redirecting a lot of that. we're looking at how they were misspending and to do so, we have to pause. you do not give someone a credit card and say hey, keep on spending money on this credit card, we're bankrupt and can't pay the bill. we need to do, that and president trump is not changing his philosophy on that, he has put doge in place for that, we stopped d.e.i. programs, the green new deal, we're making a lot of changes quickly, i understand that is business confusing for people -- that can be confusing for people, and hard to keep up with, he is sticking to his gunning,
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we all know him, had it is what it is, we're not hurting individuals that is part of narrative they are spinning. larry: the are lones loans and grants to buy electric vehicles or stop assistance to die programs, and -- d.e.i. programs, alina, a grow weary of the judges who are elected to nothing, president trump was lekked to elected to his office, you get niece judges that try to come in and interfere with policy, this is really a -- i think this is a bad legal precedent. i can't stand it, this judge in washington, d.c., you know who do they think they are? for heaven's sakes. >> they have a platform for politics, they use it, they use trump name a piggyback on him, tish james did the
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same, working with chuck here, there is no place for it, america voted for our administration, every state we scw swept, a spoke loudly people like them are not welcome here,. we didn't want that, america did notment it, i atry to with you, i think that probably using their position to make a statement a headline or get their next job in politics or wherever they want there is no place for it. larry: you know, alina you should come around more often, you should. we miss having you. >> you got it. you should. >> i'm not in court any more, i'm here for you. >> all right, fabulous news, thank you so much alik -- alina habba, next up senator jim justice talk about drill, baby, drill in west virginia, and also, maybe
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cashing in on this artificial intelligence stuff that may power the economy. he will be up next to talk about it. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com honestly, i was scared when i was told age related macular degeneration could jeopardize my vision. great. one more thing to worry about. it was all too hard to deal with in the beginning, but making a plan with my doctor to add precision was easy. preservision areds2 contains the exact nei recommended,
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state of west virginia, thank you, sir. drill, baby, drill, in west virginia. i want to ask you about coal, i was close to coal, ceos. on another network, i know they were talking clean coal, scrubbers and sequestration to bring carbon down, how is that going? how will west virginia play in the coal space with drill, baby, drill opening it up? >> well, larry, thank you for having me. one thing you can count on about west virginia, and about me, i'm an energy guy. west virginia knows energy. and as we move forward, we had advances in coal side beyond belief. whether it be scrubbers issues or whatever it may be. and what happened is just this, you know we grew coal
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production in trump early years, by 20 then 10 and then 10, then covid hit. and whole world shut down. with that said, absolutely coal has a real place at the table. i am a believer all of the engineer forms, president trump and i are aligned in that as we if forward. we have to embrace all energy forms. if anyone believes we can do without our fossil fuels today, in my opinion is living in a cave. >> yes, it has been proven, star gate in west virginia, data centers cropping up in northern virginia, west virginia you know, a pro-business state. you are the governor for some time. you can get those a.i. data centers to west virginia? where they may be more welcome than in in northern virginia? >> well, i think without
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question, we can get them to west virginia, they will be more welcome. and permitting will go with ease like you can't imagine. but larry, we have to have more power, that is all there is to it west virginia power is cheap but we spend a couple times, and we'll have to choose between homes and jobs. that is all there is to it one or the two, a year and a half down the road if we don't to something with your grid and infrastructure we'll be in trouble. larry: that is why, i think that trump on the right track. derig deregulating stuff again, but a.i. stuff is serious, there may be challenges from china. these states have to compete, you know for good new modern. they have to compete, i don't know how virginia is doing, we talk with governor
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of virginia periodically but i felt that west virginia, under your leadership and others has become pro business. >> there is no question about that. larry. with all that said, even mr. wonderful calls west virginia state's winner, we're a winner state with that said, you know, we welcome our data centers, and we have the cheap power, the power is the key to everything. you know as we good forward, i think we'll be a big player with our a.i., and with data centers. >> terrific stuff, senator jim justice, nice to meet you if only on the air, appreciate it. >> all right. thank you. >> i'll be right back with my last word. ♪ oh in a valley, where the mountains glow ♪ ♪ are the hardest-working folks ♪ ♪ that you ever could know ♪ ♪ now the farmers work the land ♪ ♪ and the land is the home ♪ ♪ the home is the families ♪
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♪ and the families need care ♪ ♪ when care is close ♪ ♪ we all can grow... ♪ ♪ oh... ♪ jpmorganchase invests in healthcare to help create healthier communities. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪ (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪)
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at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas.
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it's good medicine. ♪ hisamitsu ♪ your gut is like a garden growing both good bacteria and bad. that balance is key to a healthy gut environment. benefiber's plant-based prebiotic fiber gently nourishes the good bacteria, working with your body to help your gut, and you, flourish. effortlessly. every day. grow what feels good. with benefiber.
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