the networks and the connectivity between data centers, that's where the most sustainable returns are going to be for investors and that's how we have placed our clients. liz: tim, great to have you on. google -- alphabet, parent of google reports after the bell and looks like green on the screen after a big day of headlines with all of those dow up 135, s&p up 143 and nasdaq umm 260 and meta a ninth record close. lauren: larry: hello, folks, welcome to kudlow. i'm larry kudlow. president trump has slapped a 10% tariff on china and steven miller, white house senior policy adviser steven miller weighing in in just a little while on the show. president trump mee meeting with president -- prime minister netanyahu at the white house today and liz peek and taylor

rigsriggs will be here in a momt to talk about life, liberty and pursuit of happiness. first up edward lawrence live at white house. you've got something. i don't know what but you've got something, buddy. reporter: we are waiting for prime minister of israel, benjamin netanyahu and driveway is blocked off and procession waiting for him to come in and first world leader to visit the white house and president trump in his second term the two men talking about the hostages released and talking about the campaign against hamas and they'll talk about making sure there's peace in the middle east and trump administration is sending arms sitting in north carolina that israel purchased and biden administration sat on and refused to release and they're releasing to israelis and national security adviser mike waltz believes they can move things forward. >> getting back to where we were in the first term, which is the

abraham accords and the next round of the acura ham accords and ongoing conversations that special envoy steve witkoff had with the sa saudis and emradis d allies. reporter: the president sees the gaza strip as total demolition site and steve witkoff said countless unexploded munitions are there and damaged buildings that make it unlivable adding it might be 10-15 years to rebuild. if a ceasefire can hold, president trump believes that life needs to change for palestinians. >> it's unsafe, it's unsanitary. it's not a place where people want to live. nobody is going to -- they have no alternative but if we go back and give them alternative of liliving in a beautiful open ple with nice quarters and housing of sorts and the money and middle east can build that.

reporter: steve witkoff said they're in phase two of ceasefire deal and negotiating about release of hostages. back to you. larry: edward lawrence, appreciate very, very much. next up, update on trump's tariff diplomacy and fox news peter doocy live in the briefing room. peter, what's cooking? reporter: larry, all the officials continue telling us all the tariffs are about keeping fentanyl out of the country. but we are also marrying from one trade adviser that the trade is part of a laryngoer transportation that could be coming. going for tariffs and the news

and external revenue service. >> tariffs were paused and both neighbors sending 10,000 people to their sides of boarder and being on the lookout for drugs and if it doesn't, we're back here in 29 days. none of that though addressing chinese component and they've levied retaliatory tariffs on the president trump said he's not that worried about it. >> it's the president's utmost responsibility to protect american lives and the 10% tariff on china and now president xi reached out to president trump to speak about this, maybe to begin a negotiation and see how that call goes. reporter: and the reason that we are reporting from the briefing room this afternoon instead of outside on the lawn is because any minute prime minister netanyahu will be here and we'll go back to hear what he and the president have to say, and we can bring that to you after, larry. larry: i'd love to hear you bring it to us.

going for them so forth and trade war and going with it. >> it's a border thing and i know that officials around here are very conversation and not getting them with the a big component of it and it is about the border and once the going for them to follow through on the plans to beef up a personnel and screen processes and going for them and on the border. going for them on the line. >> folks, now, don't let china

slip away from president trump. that's the subject of the riff. president trump slapped a new 10% tariff on china and for a bunch of reasons, i hope he doesn't relent. in fact, today at a presser, here's what president trump said about talking to the chinese dictator xi. take a listen. larry: i love that, in terms of trump and the unfair trading practices and we're learning now that we never enforce. going with trade deal and negotiated by president trump in his dealing with china and bleeding water from the stones and going with key points for china's theft and international

property and forced to transfer technology and forced to take them and they do not let american owned companies operate. that's the 10% tariff on china. going for that tariff and so-called i i de-minimus. going for them and chief retail storm goods coming into the u.s.. and putting out over 7,000 mom and pop retail stores here.

going for them to have this exception if this continues and. going for this story. going for them to not search and investigative. going for them with going for them and shipping fentanyl. going for them $800 de-minimus exception nobody want toss look

going in them. going for them to kill our kids. and that's the riff. taylor riggs cohost of the big money show on fabulous bid and and wait a second, pretty fabulous contributor and i mean after all. just a point on this. $800 exception and sounds like it's not too small to be examined and not too small and putting our mom and pop retailers out of business and b, here's the killer going for them not too small to contain component parts of fentanyl and we talk about how the chinese put the precursors going to put them in work going to be directly. some people have guesstimated and not for years to make

3 million tack lets. how about that? going for them to push on the tariffs and going to seal our border against all the expectation of fentanyl and going to come to grip withs the fact that 70,000 people, more than 70,000 people died just two years ago in fiscal year 2023 from fentanyl poisons and more than in car crashes for example. it is horrifying to me that everyone just sort of looked the other way. everyone in america knows whose kid and it's not to your point earlier and it's not because chinese crack down on the export of fentanyl and that was part of that phase one deal and going to correctly point out and never came into being. ing going for them to be number one and to your

point, the de-minimus thing, millions of packages come in every day and they're unlooked at now and they won't look at every one of them but at least they'll be randomly selecting some to review. going by the part and that's the thing and going to going to sweat it and we go with light heiser is the leader of the group. going for them and myself and many others. going with them here and going with them on the line. constantly backing on the line going to sit on them with g20 for argentina and i think it has to be 2019. it's outside and big banquette story and trump sitting directly across from xi and the very

first thing and president trump asks about president xi and going without batting an eye and she said yes. he said yes. okay. that's what they do. rrigamaroll going for them and going for xi and going back on this with the going for them to put out thousands of moms and pops and going for them and tens of thousands of people. larry: you can't be tough enough on china. >> going to pay for the quality that's crap and and that aside,

going for them. coming to trade with china and not surprising for them and they are not our friends. their seoul goal in life is taking us down. they're close and it was 2019 when i sat there and going for protections that china was going to take over the w world's numbr one economy and going for them yet to be another 5-10 years and going to take us out and going for them and it's our problem. it's our fault. how dare they say that. we have a really good analyst on our program today who said something. going over on heroin and going to take them heroin and that is a path that you're going down. fentanyl is a different story and it's laced in a pill where you think you're making the

choice i want to take fentanyl and that to me i don't know if it's a bigger deal but that is going to be addicting to not wanting to be. all of this is to say it is a drug war but i am almost certain with china you'd know more than i would, larry, it's a trade war issue. we consume double what we produce. they are just an advanced extra going to have the consumer. you have to fix that. larry: tase louis -- they're in losey shape and more and more closed in and in other words the years of the free market reforms launched by them open by giving credit to nixon and kissen jerkins and going 10 or 15 years

ago and since then the government sector has been at large and credit going to the government-owned -- government sponsored corporations and entrepreneurs closed down and starved for credit and going in the jail and took over hong kong and repressed that and there's a story here of essentially people say it's awe torrtarian and i call it dictatorial and i don't care about the adjective and can't trust them. i know you're not that keen on the trade -- tariff withs mexico and canada. turning out pretty well and hearing from steve miller in a bit and there's comments on that and putting your foot down. just have to put your foot down and i would surely put it down, china, as hard as i can put it down. >> chinas has problems and this is the time to go after them. ten years ago is much, much hard tore do that. they're growing at maybe 5%,

maybe not even 5% and have a demographic cliff coming up and declining worker age group and this country but the real issue is stepped on all the entrepreneurs and all the brilliant people in china that dare to make money because of the reforms and they could make money, become prosperous and going for xi jinping and ccp and they had to get rid of that class of people and they've been disappeared and it's been unbelievable. larry: it's serious. >> disappearing and going for them larry: one iota scintilla of free switch. >> not at all. larry: not even remote. and that's why i'm proud of trump for going after them again and we learned finally we know exactly and it's coming out on the button. have to face one deal and doing it all over queen and they can lie all over again.

it's pure insanity. liz peek, thank you very much. and taylor riggs, be sure to catch taylor and her host dagen mcdowell and brian brenberg and noon eastern here on fabulous fox business and fabulous fox business and cranking up the tax cuts and one big beautiful bill and going for the committee and this is one big beautiful bill ain't going to be easy, folks. i'm kudlow, thank you, ladies. appreciate it very much. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools,

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larry: welcome back to the show. chair of the house ways and means committee mr. jason smith of the great state of missouri. jason, welcome back, sir. you know, mr. trump is very serious about his tariffs and that's going to be an part of the national security arsenal and economic arsenal and my thought simplistically and going with tariffs and cutting taxes and we should get the tax cuts in and it's almost like a match book, jason, going to raise tariffs on this party and time to use the revenues to cut taxes

for american businesses and consumers. >> these decisions need to go hand and glove and tariff increases with the tax cuts and that's why i've been pushing for my colleagues to not allow themselves to put their agenda in front of the president's agenda in delivering the economic relief for the american people. the committee and passing a budget resolution and the instructions and that's all kinds of process issues and the american people, the president doesn't want to talk process, they want to talk policy and get it delivered to his december and can that's what in facts congress needs to do. it's very, very easy, larry. the president was specific. he wanted perm seizure disorders of the expiring provisvisions ad the successful 2017 tax cuts and

giving tax relief for tipped employees and tax relief for seniors on social security. he wants tax relief on overtime pay and wants to create a competitive advantage for manufacturing and the united states. i would encourage my colleagues in the united states gnat just to look at what the president campaigned on with 77 million people supported it. larry: we would love to start the blue collar boom this year and not wait till next year and too late and going to have a tax cut going at all and going for them and too. going for the middle liars and one of them is going for conservatives going to say debt is an event and going for the capital gains tax and going back to capital gains tax and abolishing the inheritance tax whatsoever. >> going for the budget

committee and going for them to get construction and this is eliminating the debt tax and this is something i've puckered for my entire time. going for them and debt. the entire life should be taxed when they're dead and just isn't right. >> headline running in the afternoon and their cycle is budget committee house budget committee putting off the vote and going for them and budget votes going with 3 trillion over ten years and going to be realistic? >> i think when you're threading the need and will working with your counter part senates and these are the cuts in the history of congress is $400 billion and we can get that. whatever that number is, we can

beat 400 billion. what we need to pay attention to is revenues going to be coming in from the president's tariffs action what he did on saturday would have brought in more than 1.2 trillion. that will have a huge impact with 3-5 million packages coming in every day with no tariff attached at all. larry: how much is it worth de-minimus, jason? >> looking at everything he did, $1.2 trillion, how much for the de-minimus alone, $800 exception. it's really hard and haven't got the cancellation and going to come into china every day where they pay zero tariffs and that's including on the president's

current 301 chinese tariffs. larry: we've been talking about that and riffing on it and talking to the ladies on that and not only to make it worse, there's fentanyl stuff in the little packages that get by the customs because they're not going to tariff it. it's unbelievable. that story. anyway, jason smith, thank you for your time. good luck on this whole package. appreciate it and talk soon. folks, coming up, kudlow and president trump's trade policy we'll talk to white house deputy chief of staff for policy. mr. steve miller. i have all kinds of things. folks don't miss the exclusive first interview with treasury secretary scott bessent since being confirmed. we'll do that tomorrow at 4:00 eastern, live from washington dc. treasury man scott bessent joining me onset. i'm kudlow, be righted back.

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larry: all right, look at this special edition. joining us now is lee carter, pollster and president of of firm and caroline downey. i want to end the education department, mr. trump wants to end the education department. you want to end the education department. so let's do it. >> it's a financial boon doing and will fundamentally the -- boondoggle and there's a cabol that if you destroy that, the department will be a problem and comes on the tail of the new economic performance outcomes that we just got.

the national school -- national report card of math and literature and reading, proficiency in the toilet and teacher's units expect more money and funneling of handouts to the district. if you fail routinely, you don't get rewarded for it from the taxpayers and that's i think the heart of the problem with the department of education. but it's also the fact it's been caught peddling radical curriculum in k through 12 schools and hostile holding parents at arm's length. larry: lee carter, i have a dream. the dream is education department skimming down to barest essentials including promoting school choice across the country. the loans, the $1.7 trillion loans, which cannot be cancelled according to the supreme court, even though the bidens tried, those loans are moved out of

education department the treasury and working them out over the taxpayers and education department and all the let congress fig your out a new education department and downsized education department and good values and promotes school choice. what do you think about that and what would folks think? you're an ace pollster? >> a, preach it but, b, how you talk about it and we're going to disrupt and end the department of education as we know it. everybody wants our children to succeed and get ahead. the problem is we are failing

we're failing our children and talk about blowing it up and going to get people upset. if you talk about improving it, bringing up to modern standards and making us competitive again, all in. larry: reading and writing and arithmetic and telling all the schools what to do and school board parents what to do and stop making loans that shouldn't have been made and stop forgiving loans unlawful to the supreme court and then the constitution and do if for the kids and school choice is the greatest pro children movement in history for heaven's sakes. >> scare tafanely issue because some have loyalties to individual classroom but they also at the end of the day know that this system and apparatus is failing their kids and the test scores it's terrible. larry: the values are negative

too. i have to jump out. got mr. miller waiting. we'll work on this some more. keep preaching it? >> keep preaching it. larry: love it. lee carter, i just love you, you're the best. caroline downey, nobody better. steven miller, as i live and breathe, steven miller, how are you? good to see you coming back on the show and talk about trade and tariffs and all the rest of it. is this a trade war or drug war or border problem and helping to find the problem and i'm supporting what you all are doing and figure out what exactly it b may be.

you're familiar with that going for them including nontariff barriers in canada and wherewithal and unfair trade policies in mexico and both countries have a vax couple and huge advantage and imbalance tax policy. that's all being worked through a process. u balance the trade policy and the iepa, international emergency powers act, security based order about the flow of fentanyl into the united states and cartels and deadly drugs and crime from canada and mexico, hundreds of thousands of americans, hundreds of thousands died because of fete that will that comes through the canadian and mexican border.

both pledged his toric. going for the cracked down on fentanyl and cartels. commitmentto the cartels and the foreign terrorist organizations and align their policies with our own is a seat change in how we treat these organizations and mexico's commitment and going to militarize their own border and prevent the cartels from driving fentanyl into the united states from massive commitment and going to be in touch with mexico to enter into historic bilateral end purses into the united states. no american chief. this is great.

end of 30 days and i hear this all the time and end of 30 days any metrics. numerical targets in all of the areas you just talked about and that's what folks want to know and end of the next month and are there, you know, are there things we can key too? transparency? numbers? metrics? you tell me, steve miller. >> yes, canada pledged 10,000 border agents of mexico pledged 10,000 soldiers. 10,000 soldiers specifically on the northern border and that's not commitment to mobilization in the country but a specific commitment to have 10,000 troops on their border with the united states and there's two metrics that are extremely there for survival and canada following through on commitment to label the cartels as a terrorist organization and canada maid

made specific specific organization and going for commitment as well a military cooperation championship and all can be verified as mexico's progress in degrading cartels and going for them with illegal aliens crossing the southern going to be verified and we're going to see whether or not they live up to their commitments and then at the same time there's a different process that was going for the trump presidency. trade with manufacturing going for them is and top, top priority and. going for them and let's not cut the link between tariffs and tax

cuts here at home. i mean, for example, the 25% tariff and jason smith and 25% tariff on canada and mexico could have been worth, might have been worth depending on elasticity over $1 trillion and could have contributed to tax cuts for large and small business and families. it's 10% or 15% or whatever and going ph500000000000. and it cobbe used for tax cuts. going to create. there's a link. >> i want to weigh in on that specifically, larry. going trojans and drill down. there's a specific line of president trump and america first policy and going for them

and treasury commerce. going for the legal basis for the kind of policy and based on the findings of that review. going for them in the united states. that's edition of the process we end up on. going to be included for global review. the president's long term goal. going for the income tax going for the collection. that's the system of founding fathers setting it up but disappointed in i libertarian friends. going for them and intrusive internal revenue services and creeping and crawling into that and going for the government

funneledded by simple collection at the border. so president trump is standing for shoulders following the men who follow the country. larry: sometimes forget about tax cuts and once in a while. larry: that's cut, we're going to abolish the education department and get rid of most of it and get rid of education and education department for good values and it's once going for them. going for supreme court. going for them with the treasury for the bare bones and going to do that and people are talking about that today and going for them and part of the president's platforms and going it send

education back to the states. >> bigger and radical left population and president's goal and objective going by the way and it was on the republican platform in 1980. larry: yep. >> is to end the federal department of education and move to the states. it's better than a big bloated giant left wing indoctrination center in washington dc. either way, most important point is this, president trump wants state control, family control, parent control. he doesn't want bureaucrats in washington dc easting money, hurting children, and -- wasting money, hurting children and producing a completely failed education system, which is what we have now. he wants parents and local communities to control how their kids are raising. ing.larry: supply cider

extraordinary. old friend and colleague. best to katie and the kids. >> thank you. larry: folks, hang on. we'll take a quick break and talk to one of our favorites, oklahoma senator mark wayne mullen when kudlow returns. alright, we got your home and auto bundled and you saved hundreds. oh, that's nice, with the economy and all. what's the economy? [chuckling] where do we start? what isn't the economy? yes. [ laughter ] uh, it's -- it's so many thing. right. look, all you really need to know is that progressive can save you money without sacrificing quality coverage. you follow? i'll just look it up. hmm. that went well.

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larry: welcome back to the show. oklahoma senator markwayne mullin. thank you, sir and welcome to the show. rfk jr. got reported out overcommit tee and tulsi garmin bard voted out of committee. what can you tell us, sir? >> susan did her due diligence and tulsi did a really good job talking with her. so proud of her coming out and making that stand. you know, susan's in a very tough district -- or state up in maryland. i don't think we'll see another republican for awhile be elected from there, she get as hard time because she has to make hard votes and sometimes votes away from us, but i'd rather have her in office than a democrat for maryland. but at the same time, it was great to see tulsi get out with unanimous republican support and same with bobby kennedy. kash will do the same thing, and i believe the way the clock works because, you know, they have a 24 hour soak, larry, once

they get past out of committee and then reported to the floor and then we have to let the clock run on people that are in front of them and 30 hour de-pate time and called closeture and vote on tulsi and bobby by the end of next week. larry: being a republican from main, the great state of maine. >> i did say maryland, sorry, maine. thanks for watching me. larry: not contradicting, it's an easy mistake, but the point is i've known senator colins for many years and count on her as a friend whether we agree or disagree. she does what she does, lumis has as much integrity as anybody i know. i'm sure that -- >> larry, i would agree with that . sorry, i mess up maryland and maine. january and june for me. i tell you, i will agree with that. she's honest as tomorrow and as today, what she says you can

trust that she is my chairwoman on approach, and i wouldn't be there if she wouldn't have specifically going to be there. we get along and i love talking with her and she bring as different perspective and i just wish that some people would realize that rep from oklahoma is different than the rep from maine and recognize those differences. larry: yeah, we do. sounds like president trump will get his noms. seems like there's momentum and started with pete hegseth and moved down the line. i know there's ups and downs. he was the guy elected and he was the guy with the mandate for change. putting it up for who he wants and that's the way the system should work, senator. let me ask something else. >> it's not simply just him putting the nominees forward, he's come to the hill and met with senators multiple times, and he's worked really hard at building a coalition and telling

people we need everybody there. he's led from the front, which is why he's such a great leader and why we were blessed to have him as president of the united states.rry: yes, sir. maximum pressure on iran, new resolution out today with prime minister netanyahu visiting in washington dc to meet with the president and perhaps others. maximum pressure and economic sanctions and going for the sanctions on and stop the oil sales, stop china from buying oil and breaking the sanctions, and how about the nuclear threat, senator markwayne mullin, what do you make of it? >> well, i think right now we don't know what mechanism they have. he's going to make iran choose leading terrorist organizations that that country would have nuclear power and destabilize

the entire region and what the president did was put such hard sanctions like when he was first in office and bankrupting them and causing the populous vote to go against the current regime and going to make a decision do we feed our people or feed our own agenda here. i believe this pressure will actually work because we're not looking for a fight. we're not looking to start another war. what we're looking for is peace. and president trump believes in peace through strength and what you have here is him showing strength and also standing with our stongest ally israel. larry: yes, sir. terrific stuff. senator markwayne mullin, thank you ever so much, sir. see you soon. folks, i'll be right back with folks, i'll be right back with my last word. ♪ safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch

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larry: as i said, i hope president trump keeps the strongest possible continuous pressure on china. destroying our mom and pop stores. smuggling fentanyl in through this $800 exemption which i think is gone now and killing hundreds of thousands of kids, wherever there's mischief in the world, china can be found and somethings got to be done about it and elizabeth macdonald is going to do something right away. next up on this show. liz: larry we've got breaking news. 280,000 americans are dead from fentanyl under the biden white house so precursor chemicals made by china. thank you so much for a great show larry. welcome to the "evening edit" i'm elizabeth macdonald. we're going to dip in right now to president trump sitting wit