that's what this -- advertising, that's what this company is focused on. and they are able to expand and look to expand their total addressable market by maybe who two times in the near term and up to ten times in the longer term. that's what you want to see, a company that has a technological advantage, that can lower costs, that is incorporating a.i. and grow their revenues. liz: tom, good to see you, thank you very much. thomas martin. folks, we've got history for the s&p 500. two records in a row. the third for 2025 the, and if ever there was a day where it was showing that this is a resilient market, today is the day. the dow erasing a 243-deficit to close up 67 points. ♪ larry: hello re, folks. welcome to "kudlow," i'm larry kudlow. so elon musk is president trump's high-tech enforcer, and

trump has put tax cuts back on the front burner with one big, beautiful bill. biden's student loan cancellations are dead in the water, doge teams are free to roam the government, and ukraine's zelenskyy better mind his ps ands. we've got steve forbes and liz macdonald to join us in just a moment right here on set. senator ted cruz going to show up later in the show. still ahead, my friend lara trump and then emily campagno and caroline downey all waiting in the wings. there's no telling what's going to happen. however, first up, fox news' peter doocy live at the white house. i hope you're having as much fun down there as we are up here. >> reporter: big show, larry. [laughter] we'll be watching down in the booth after this. larry: thank you. >> reporter: and i hope you talk about this doge dividend. there are, there's a suggestion now that elon musk says he's going to talk to donald trump about where they could potentially be cutting doge dividend checks with money that they find that they're not going

to be spending anymore. the doge dividend could be worth up to $5,000 for tax-paying households if they can recoup the origin $2 trillion this is the goal. donald trump says they can get at least halfway there. >> how much do you believe, elon, you've identified in waste, fraud, abuse, corruption now, and how much do you anticipate you will -- >> sure. um, well -- i think -- >> 1%. [laughter] no or, because it's so massive. >> yeah. >> this is huge money. >> -- 1%. >> we just got started. >> as good as they are, they're not going to find some contract that was crooked as hell, i mean, there's going to be so much that isn't found. but what is found, i think he's going to find a trillion dollars. >> reporter: but democratic critics are accuse doge of being a distraction from a different issue that's affecting everyone. >> none of this is addressing the main if issue american voters' minds last year and this

year which is inflation. it's gone up. the price of eggs has gone up, expect trump administration is doing nothing -- and the trump administration is doing nothing about housing or groceries. >> reporter: democrats in the minority aren't doing anything in the house or senate either, and lawsuits are slowing but not stopping doge which president trump claims is uncovering massive fraud at the social security administration. >> over 100 years old. there are 4 million people? i don't know too many. i know people that are doing great in their 90s but not too many people over 00. 100. >> reporter: president trump is also going to extreme lengths, he says, to avoid a potential conflict of interest with elon musk. he says that musk's ownership of spacex would disqualify him from being involved in any way with trump white house space policy. larry? larry: peter doocy. in a moment, you'll see why you read my mind. fascinating. thank you for your reporting, as always. so, folks, are taxpayers about

to get doge dividend checks? and that is the subject of the riff. ♪ larry: so how about a doge dividend check? if elon's federal audit of waste, fraud, abuse and corruption could net $2 trillion in budge savings, and he's now -- budget savings, and and he's now thinking about turn thing 20% over to taxpayers. he hasn't quite raised it with president trump, but it might come to about $5,000 a head. it might even incentivize people to go back to work and become taxpayers in order to get their doge dividend. you can check elon's colloquy about a all of this on twitter-x. now, none of this came up directly in the sean hannity the interview last night and, by the way, very big hat tip to sean for a great job. but the whole thrust of that interview was about disempowering the unelected, permanent bureaucracy and reempowerring american voters and taxiers -- taxpayers as a should be the case in a democracy. i especially liked the part

where elon called himself trump's tech support. and let me quote directly from it. quote, one of the biggest functions of the doge team is just making sure that the presidential executive orders are actually carried out. end quote. a lot of presidents in the past have talked the about a taxpayer savings, government-wide audit. reagan had the grace commission. clinton, gore and obama gave lip service to it. but nobody had elon's type jet fuel power to drive home a true transformation. we've already seen the doge team tear through treasury department, social security administration and the usaid a among others. last night president trump posted a new executive order to expand his control over the alphabet agencies like the sec, the fcc, ftc and many others. that that includes executive orders to purge if all manner of dei from government rolls.

so elon and his young team are going to be very formidable enforcers of trump policies. for the life of me, i don't know why republican budget committees in in the the house and the senate don't just score $2 trillion of doge-related savings over the next so -- 10 years. as senator clay -- crapo has a reminded us many times, the whole budget reconciliation process legally includes a position that the budget committees create their own baselines. they are not beholden to the congressional budget office. in fact, the cbo has to conform to the budget committees, not the other way around. and in this important way, extending the trump tax cuts should be a neutral endeavor. essentially, cost-free as permanent policy. and anyway, those tax cuts raised a ton of revenues over their 7-year life, which brings me to another wonderful comet. -- development. though he didn't mention it last night in the hannity interview,

earlier this morning president trump announced on truth social, and i will quote, the house resolution implements my full america first agenda. everything, not parts of it. we need both chambers to pass the house budget to kick start the reconciliation process and move all of our priorities to the concept of one big, beautiful bill. where have you heard that before, folks? anyway, that that means the tax cuts, so important to the new republican working class coalition in order to ignite the next blue collar boom, those tax cuts have now been moved from the back burner back to the front burner. so, you know, folks, it's time to get cooking. [laughter] and that's the riff. okay. joining me now to talk about this, steve forbes, "forbes" if media chairman editor-in-chief, and liz macdonald, host of

"the evening edit" right here on fabulous fox business. so, kids, welcome. it's great to see both of you together on set. liz, what'd you think of, what'd you think of of the hannity show last might? >> cooking with gasoline, right? larry: couldn't figure out -- i couldn't figure out a final line. >> it was fine. [laughter] i love the hannity interview, i thought it was fan nastic -- fantastic. and when you see the bureaucracy as it is, by the way, the democrats keep saying trump and doge, they're a threat to democracy. they really mean a threat to bureaucracy, right? the threat to the their bureaucracy. you know, watching what happened, it reminded -- i testified twice before congress about aish s rs reform, about a irs abuses of taxpayers, and i said at the time, remember charlie rangel? democrat -- >> larry: oh, ye. friend of mine, by the way. >> friend of yours. i won't go too rough then. i was working for, i think, steve at the time and i said, you know, what about a flat tax? he said, quote, a flat tax will

never deliver the revenues we need or want. so it's that sense of entitlement that today protect their own bureaucracy, that they don't work for america, that americans work for them. so that's what i think is so is refreshing to see doge and trump trying the dynamite that cemented thinking out of d.c. larry: together. and nobody's going to tear them apart. nobody's going to put a wedge between the two of them. that was very clear from the if hannity interview. >> right. larry: you know, steve forbes, i just think it's important here, because elon said it as a tech expert, he called himself a tech assistant or something like that. he's going to to be the enforcer of the trump policies, okay? we've never had such a thing. he's a huge figure. he's a genius, and he's going to be there. he's not going away, and and he's assembled a team of young geniuses to help him out. this is firepower. and i think it is the transformative firepower, but i ask you, what do you think? >> well, i think they hit it

last night in the sense that that it's one thing for a president to give an executive order or even pass legislation, get the thing done through the bureaucracy is. franklin roosevelt, when he was in the government, said it's like punching a pillow. they're taking both a chain saw and a microscope finding out where the money actually goes, how it is being tracked and where it goes through various agencies. some of it almost sounds like money laundering, the way some these things pass from one thing to another thing, to another thing and end up in hands they shouldn't be in. and i also love how musk hit again and again, bureaucracy versus democracy. larry: right. >> and apropos of your riff, the house budget committee came up with this $4.5 trillion number which is ridiculous since they're in charge of it. how about $6.5 trillion and get some real rate cuts and take care of this whole blue state thing. there are two tax brackets that hit most people, 22 and 24. take 4 points off, and you got

your virtual deduction and incentivize the economy. larry: you know, i don't want to get too deep in the weeds, but it is -- i mean, crapo, a harvard lawyer, i might add, from idaho, longtime senator, now head of the senate finance committee, has a said to me time and time again, he's given interview, no bundies agrees. first of all, it's a permanent policy -- it does not need to be scored again. point number one. point number two, it is the budget committees who have the legal authority to create their own baseline -- >> that's right. larry: cbo has to react to them, they don't have to -- >> but how did that -- exactly. how did that get hijacked in the process? larry: people are not being smart. they're not being smart. >> i love that trump is basically laying down the law. and, by the way, this whole thing about a firing government workers, democrats in an uproar, clinton fired 377,000 government workers. let me back up -- larry: i didn't know that. >> i've been inside so many irs office as and service centers, they feel like democrats

neurotically fiddled with the tax code year avenue year after a year. it makes their life even harder. hay don't like it. but, you know, when you talk about what is the proper baseline, what is the proper numbers to go by, i'm not sure if the cbo, i think the clinton the era it's not been that that reliable -- larry: no, no, they're way off the mark. they're continuously off. what you get is more spending and higher taxes instead of less spending and lower ax thats. >> right. larry: steve forbes, another thing, i mean, you and i have been talking about the regulatory state or regulatory socialism now for four years since biden came into power. last night if trump signed a very important executive order putting these alphabet agencies on notice, the if ftc, the fcc, the sec, okay, on notice that they are presidential appointees and that their a actions are subject to the review by the president in the white house, and this is something elon musk wants to back up.

now, this is a whole new attitude. it's completely changing the power structure in washington. again, away from unelected bureaucrats and their staffs, right? and they're all a appointed by the president, for heaven sakes. back towards the executive and his priorities. >> well, the whole thing about independent agency ises, it's been a constitutional question for a century and a half, since the 1880s when we started this thing. the point is they created -- they should have control over it. the constitution says the executive branch has control over the executive branch. larry: right. >> the president. that means hiring and firing personnel. can you imagine the ceo of a company not being allowed to hire and fire personnel? it would be ridiculous. i think this is the beginning of a challenge. they may lose the initial court challenges, but it sets the pace for a big one coming in the supreme court in the next few years where i think you're going to see a radical change in how all of washington operates, including these independent

agencies. who are they accountable to? is. larry: hang on one second. can we run the tape of elon musk on trump's tech support? let's rub it right now. here it comes. everybody's going to take a listen. >> my -- says tech support -- [laughter] i'm here to provide the president with technology support because the president will make these executive orders which are very sensible and good for the country, but then they don't get implemented, you know? and so, you know, we went in there and we're, like, this is this in violation of the presidential executive order, it needs to topment one of the -- to stop. one of the biggests functions of the doge team is just making sure the presidential executive orders are actually carried out. larry: implemented, carried out, i call it enforcer. this is new stuff, and i think it's awfully good stuff, liz -- >> it's good stuff the. but uc-berkeley, for example, it's going to be a tough road. but this is the sea change that trump and musk have been delivering now to d.c. that's been needed for so long.

60%-70% of the top 25 u.s. federal agencies are democrat-run. larry: yeah. >> so is we're talking 60-70% of the workers inside those agencies are democrats. democrats have run d.c. for generations, and they're not trying to overturn it with common sense thinking instead of ideological thinking down there in washington. larry: i like all this, i like it a lot. i loved the interview a lot. but i think what came out in the interview, those two are absolutely together, trump and musk. there's no wedge between them. they have a common mission, as we've discussed, and they're going to completely change the d.c. swamp. i think, steve forbes, you know, looking at all this including the truth social that he wants one big, beautiful bill which puts the tax cuts back on the front burner, not on the back burner, i'm just going to say pro-growth, counterinflationary. pro-growth, less -- lower taxes, lower regulating, lower spending, drill, baby, drill

also would be part of this. i see that as more growth, less inflation. >> well, it's a nice repeat and hopefully a bigger repeat of the early 1980s where you were involved. larry: oh. when we came in, yes. [laughter] >> and you top that off by starting to have the dollar really stable again. reagan couldn't get a gold standard, but started linking the dollar bonds to gold as you've suggestedded, first one. that means we're going to start -- larry: not that that we haven't been talking about this for 40 years -- >> now's the time it's going to happen. you get that, you have the ingredients for 4-5% real growth, sustainable. >> and that that never gets old. >> and, by the way, on these projections, as you pointed out, 1.8% growth is what the cbo uses. larry: what the cbo uses. >> how about 3.5? >> go for it. larry: republicans in the house and senate need to just get with trump and elon musk's program.

all right. steve forbes, liz macdonald. liz, we're going to see you later, "the evening edit," 5 p.m. eastern right here on fabulous fox business. i'm going to hand ab this show over to her once again. we appreciate you as always. >> thank you. larry: coming up here on "kudlow," will the senate listen to trump's rallying cry for one big, beautiful bill? and, by the way, will ukraine's zelenskyy take the the hint and stop attacking trump's peace talks with russia, okay? he better mind his ps and qs, that mr. zelenskyy. we're going to ask all this with senator ted cruz. i'm sure he's got plenty of ideas himself. all that and more when "kudlow" returns. ♪ ♪ i'm thinking of updating my kitchen... —yeah? —yes! ...this year, we are finally updating our kitchen... ...doing subway tile in an ivory, or eggshell... —cream?... —maybe bone?... don't get me started on quartz. a big big island...

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larry: all right, joining me now, we welcome senator texas, senator ted cruz of the great state of texas back to the show. welcome back with, sir. what'd you make of the hannity interview last night with the president and elon musk? i'm sure you saw it. >> look, i think the president and elon musk are an incredibly potent team, and i'm really glad friends. i know them both exceedingly well, and i think it's very good for america that the two of them

have become such close partners. elon musk is the richest man on the face of of the planet. he could be doing anything he wanted, and instead he's come to work for the american people for free and bringing his dangerous dishes -- prodingous talents. what doge is uncovering, it is the breathtaking. i'm grateful for it and i'm grateful they're working is so well together. larry: by elon's on words, i want to get your take on it, he's kind of the high-tech assistant, but he's also going to be the implementer or enforcer of president trump's policies, particularly his executive orders throughout the government. and i think that is the most powerful jet fuel enforcer in the history of presidential politics. >> well, look, i think elon musk is very much a change agent a, you know?

he is -- you think about it, there are 8 billion people on planet earth and if you assume intelligence is distributed on a bell curve, larry, you and i have both known some incred write -- incredibly smart people. someone is at the leading edge of that that bull curve, and i think it's elon. he doesn't know there's a box. of it's an incredible thing. and i will say it is an incredible asset to president trump to have someone like elon willing to dive in night and day and pour his talents into fighting for president trump's agenda. i'll also say there are an awful lot of democrats and a lot of folks in the corporate media who are desperate to try to drive a wedge between president trump and elon musk. they're doing everything they can to try to create friction. and as far as i can tell, those efforts have been an utter failure. the two are working hand in hand a, and that's good for america. larry: and i think that showed

up beautifully in the hannity interview. senator ted cruz, president trump on truth social is, one big, beautiful bill. he likes what's happening in the house. he said we don't need the nat bill. what's your take -- the senate bill. this has a familiar ring to it. i think you and i talked about this a few months ago. i don't want to remind anybody of it, but the the fact is we don't need another senate bill. we've got a house bill that's got everything in it that's what the president wants. can you just give him what he wants, sir? is. >> you and i and the president, we're all on the same page that we want to you can seed in delivering on our promises -- succeed in delivering on our promises and that's true whether it is one bill or with the bills. as i told you, there there continue to be risks in the house of fame -- failure of a gigantic bill with a tiny margin for error. the senate's perspective is that we need to have dual tracks. we need to have options to make sure we get this done. and so today the at lunch we had

vice president j.d. vance join us at lunch. we had a robust discussion with the vice president and john thune who laid out that the senate is going to the continue to proceed with the budget resolution we have in front of us so that we ensure there is a path to deliver, number one, to secure the border. number two, to rebuild the military. number three, to unleash american energy, and number four, manager you and i care deeply about, to extend the 2017 tax cuts and to make them bigger and bolder. we've got to get all of that -- all of that a done, and that means we've got -- larry: senator cruz, two or three bills puts the tax cuts on the back burner. and companies large and small and middle income working folks who have made up the new republican coalition will definitely feel that they're on the back burner. you got elected, but you didn't keep this promise. this is the risk you're making. if you don't put the tax cuts in first, this is the risk. and, by the by, it pits a freeze

on all kinds of business investment spending, and i think the stock market would be enormously disappointed. >> so, larry, there is no republican in the senate or the house who wants to see a $4 trillion tax increase kick in at the end of the year. that is not going to happen. but you know well the process of negotiating the tax bill is going to take months. there are lots of trade-offs back and forth. there are trade-offs that are not just ideological, but there are trade-offs between big businesses and little businesses, between families, between blue states and red states, geographic. all of that a takes time. and what you don't want to see sw what i don't want to see is the house try to do everything all at once in a giant enchilada is -- and have it collapse in august and we don't get anything done -- larry: it might collapse. you'll never get more than one bite of the apple in the house, everybody knows that. i'll just say this one thing, i said this in the first segment

or in my riff. senator crapo keeps saying to people that extending the tax cuts is a neutral act. it's a policy baseline. it's current baseline, current policy baseline. and second of all a, budget committees under reconciliation rules and law have the right to create their own baseline. you all, in other words, in short, senator cruz, you're make it harder or you're making it sound harder than it needs to be. >> larry, i love you -- [laughter] and we found the only topic on earth we disagree on. but listen, i think mike crapo is absolutely right, that we should use current policy as our baseline. and it's real simple because the democrats are arguing, no, no, no, you've got to say that maintaining the current tax law, maintaining the 2027 tax cuts cost $4.5 trillion. that is utter fiction, and it makes it much, much harder the get it accomplished. so that's the path the senate's going to take, is we're to going

to follow current policy which is what the precedent has been in the past. and, by the way, the democrats always do this for spending, and they have the field tilted in favor of more spending -- larry: of course. >> -- and in favor of higher taxes. it's backwards. larry: of course. but i'm saying it should be a neutral baseline, extending the tax cuts. >> well, then we're agreeing on that, larry. larry: whew. i'm glad to hear that. [laughter] ukraine's zelenskyy, all right, president trump today really gave him a shot across the bow. stop talking back, stop undermining trump's peace efforts with putin, and eventually we'll include ukraine and other people as well. just stop. he called him, essentially, a dictator and said martial law, he couldn't win an election in ukraine. what do you make of that? what do you personally think about that? >> well, listen, number one, it was clear when president trump campaigned throughout last year that he was campaigning, among other this things, on ending the war in ukraine.

the war in ukraine with was caused by joe biden's weakness, his weakness as commander in chief. it was caused by joe biden waiving the sanctions on the nord stream 2 gas pipeline that runs from russia to germany. as you know, i authored those sanctions, and putin stopped building the nord stream 2 the pipeline literally the day president trump signed my sanctions legislation into law. so biden caused the war. but trump campaigned saying he was going to end the war. and i've been very clear, we will see this war end, and i think it will end in the first half of this year. i think the president is trying to negotiate that resolution. my hope is it is a resolution where the war ends, it is a clear and indisputable loss for putin and loss for russia. that's the outcome i want to see. i think that's the outcome that's good for america. i will say this, i don't think president zelenskyy is doing himself any favors by with running to the european press and attacking president trump. larry: right. >> you and i both know president

trump very well, and if that is a strategy that is almost designed in a lab to produce the opposite of the outcome he's trying to get. and so i think he probably needs to recalibrate his approach. larry: boy, you and i agree on that. anyway, senator ted cruz, great state of texas, one big, beautiful senator. [laughter] thank you, mr. cruz. we appreciate you coming on. take care. coming up here on "kudlow," are young, smart gen-z americans joining the new trump republican party? it sure looks like it. we're going to talk about it with lara trump right here on set. and remember, "kudlow" is available as a podcast right after the show on spotify, apple and fox business pod foxbusinesspodcasts.com -- foxbusinesspodcasts.com. one big, beautiful podcast. ♪

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co-chair and host of the new show, my view with lara trump. it premieres this saturday is,9 p.m. eastern on fox news -- 9 p.m. it's great to have you. >> thank you. larry: i want to bump -- here's some sound from the interview is last night between the president and elon musk. you probably saw it. take a listen. >> he's an amazing person. he's also a caring person. and he attracts a young, very smart type of person. i call him high -- them high-iq individuals. these guys are smart, and they love the country. larry: all right. so i want to to ask you as former successful campaign manager and rnc co-chair -- [laughter] this is the new republican party, all right? if young, successful, young -- i mean, the president won the youth vote, did he not? >> yeah. larry: this is new for republicans. the last guy was reagan back then, and i even was there for then. but i'm not young anymore. this is a new gop -- >> it is. larry: and i think musk, in some

sense, attracts this kind of support, and i want to to get your thoughts on it. >> i think that's 100% accurate. look, we saw great change in the voting blocs this election. we saw the base of the the republican party expand in a way, to your point, i don't think we've seen since the days of reagan. and it's because people are so is happy, i think, to have someone, first of all, who brings common sense to the table, who actually addresses their issues. if you look at that youth vote, the number one issue for young voters was the economy. we had kamala harris out there not really giving any explanation in terms of how she was going to fix it, and donald trump, of course, has had a plan, and we know how the economy was when he was there before. i think you're right, i think there are people who traditionally maybe never if even would have been involved in politics or likely leaned left, they're now looking at a donald trump. and you have people like mark zuckerberg coming over, jeff bezos. these are all people that were at the inauguration. silicon valley has been seen to

team up with donald trump as a well, and i think that's a great thing. larry: yes. and, of course, none of that was there four years ago or eight years ago. your father has, your father-in-law if has changed the gop, and i reckon he's going to keep it change changed. i just thought elon musk, who's not really a political guy even though he's become a very political figure, taking some heat, but elon musk is important to this story. it's important to thislation bigs. -- coalition. it's important to attracting the kind of people you just mentioned. >> yeah. and not only that, but people who are working on behalf of the country. the are those people because of elon musk the best and the brightest, the team he has at doge, look, our country could not exist as we have been going with the debt, with the amount of money that we're spending on these wasteful causes and things that don't even apply to americans. we can't go on like that. so so we had to address this. we had to cut out fat and audit

our federal government. that is the beauty of what's going on right now. these people, who are on team doge, who are able to do that, and we should be so grateful to all of them. i'm grateful. i know the democrats are in hysterics about it, but that that a traditionally tells you you're probably doing something right. [laughter] larry: absolutely. it's a sign of approval. they're breaking down doors, even left-wing judges in washington, d.c., chutkan, okay? not a trump friend. capitulated and said, okay, yes, they can go into the agencies. that's a very important victory. another federal judge said, no, the student loan cancellations of joe biden, all $500 billion of them, are not permissible. this -- everything's changing all of a sudden. everything's going the president's way. >> yeah. and i think there's been, you know, to talk about it all as a one encompassing idea, it's really been a culture shift that i feel like we've seen in this country. and, you know, i've said it to

my father-in-law for many years now, i don't know that this culture shift would have been possible had he served eight consecutive years as president. i think people needed the four years of joe biden and kamala harris, their absolute lunacy, their ineptness at everything they did and really the way they took this country in the wrong direction. and in comes donald trump, and it's a different donald trump. it's not the same donald trump we got in 2016 is. he's learned so much, and he is so good at this job of being president. he's executing it like he's the ceo of america, not just the president of the united states. but it's because of all that, that it feels different to every american. we're hopeful again. the young people are onboard. it is cool now, larry, to be a conservative -- larry: i know. right, i think you're absolutely right. and i think every time he talks about promises made, promises kept and every time he keeps doing stuff, i mean, he's very energetic, okay? in constitutional people have said that's what aler hamilton

wanted -- alexander hamilton wanted. the executive has to have energy. young people like that kind of thing. >> and they love a trump dance. they love the ymca. that's the thing, whenever you are impacting culture, i think, the way that he has where, you know, you go down the streets here in new york city and you see in storefront windows there are mannequins doing the trump dance, you know that a something has shifted and something has a changed. [laughter] it's all good. and i think the best part is we're reaping the went fits as the american people -- benefits -- and our country is finally back. we're respected, we have pride, and it's the all a going to be great. larry: the lara trump show. tell us about it. >> yes. it's called my view with lara trump. it'll premiere this saturday, every saturday at a 9 p.m. and, you know, the news cycle is so busy and so fast, i really wanted to take a moment and dive deeper and get more personal with the people working alongside president trump to make the great changes in our country. that's what you're going to see

when you come there every saturday at 9 p.m.. larry: so there'll be a lot of people from the administration. >> yes. larry: and you'll dig deeper with them. >> yep. we'll do deep dives, we'll go behind the scenes, you'll get a view of things you've never seen. it's my view. larry: you kept your word. i said months ago you've got to make sure election day, ground game, don't let 'em steal the it, and you didn't. you kept your word. promises made, promises kept -- >> all the trumps keep their word. larry: i'll sign on to the that. this saturday, 9 p.m. eastern. thanks, lara, coming on set. coming up, how does elon musk have the time to run doge? he's doing so many things including rescuing astronauts. i swear, i forgot all about that part. emily campagno and caroline downey right here on set. thanks again, lara. ♪ . (speaking to self) about our honeymoon.

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>> at the president's request or instruction, we are accelerating the return of the astronauts which was postponed kind of too a ridiculous degree. larry: and he does a lot more too. it's a remarkable story. plus his great job that he's doing on this audit of the federal government. caroline downey, staff writer at "the national review," and emily campagno, cohost of "outnumbered" on fox news and author of "under his wings." there it is, a great book. i have begun reading your book, you might want to know. can i just say this? look, musk is doing a great job just a couple of weeks uncovering a lot of fraud and corruption. and there's a lot more where that came from. downsizing the federal government and ending the bureaucracy. don't forget, tesla, spacex, starlink, twitter/x, his a.i. program, grok, neuralink that he was describing and the boring company that is putting tunnels through. in fact, joe biden left the

astronauts in outer space, emily, which was an incredibly inhuman and cruel thing, if not unexpected. so how does musk do all this stuff, amazing business ventures, and do such a fine job in the federal government and attracting, i guess, hundreds of young, high iq people? >> right. i think, frankly, that goes to the hallmark of his genius which not only includes the brilliant mind, but the way to execute such. the way to have these efficient, exhilarating companies that actually do change history. and it reminds me of the synergy and the collaboration between the federal government, the cia, the united states air force in the early '50s and the race for space and in the cold war when edwin land collaborated with the air force and the c cia and kelly johnson to create the u. -- u2. so far before congress had that a bill talking about independent consultants to the federal government, the reality is that the government understood that irrespective of where you were

employeded, that genius can be found anywhere. that the inventers and these extraordinary the minds often found in science, often a found in these cutting-edge technological industries, yes, could provide value. and it's that synergy that that i think is being harnessed here finally. larry: caroline, he's had some pretty early success ises. we don't know everything there is to know. and he himself says he's got to go through a more thorough review. but he has looked under a potential scandal a with the social security administration where people are 135 years old, even slightly older than i am are still alive and getting social security -- you're supposed to laugh at that. [laughter] getting social security checks, okay? 13r5, really? okay. -- 135. almost $5 trillion at the treasury department where no one knows where the wires go. it may be on the level, but it may be a big snafu. and, obvious, the usaid, and there's a lot more. so he's doing all this stuff while he's doing that stuff that we just went true.

and -- went through. and i think that's pretty special. >> he wears many hats, and i think he's a particular kind of centric genius who can do that. he got a victory today, so that's a good sign. larry: he can go anywheres in the government. >> and he successfully got all those dei contracts so it's less of a black hole for the taxpayer. that's a victory. but i think fundamentally, larry, the democrats' outrage, it's more hysterical by the day. you were mentioning alexander hamilton in your last segment? federalist 47, james madison said the definition of tyranny is the combination of the executive, the judicial and the legislative branches into one power. that is the administrative state. that is the fourth branch of government that that a we've tried to cur trail for years through -- curtail for years and no one's made a dent. elon musk is that innovative mind who can try and do it. i think he's making some headway. there's going to, i think, rogue

actors a that try to make trouble with trump. there's all this spending we don't know where it's been. elon musk is applying his private sector experience at twitter. he slashed 80% of the work force that wasn't holding their weight. he's doing the exam exact same thing -- march a march get ready. >> yes. larry: there's no wedge, they went out of their way last night. no wedge between them. >> no. that authenticity is palpable. i think that's also a distinction that unlike the last administration which tried to craft or manufacture a relationship between president biden and vice president harris, we all a, a, saw through that and, b, realized that we were being -- the wool was trying to be pulled over our eyes. here we have two guys with an authentic, mutually-beneficial relationship with one realizes he's there to cute the -- execute the will of the people. larry: elon taking heat for trump. that that's a very important thing, it just seems to me. and i think trump is enjoying

that, because i think he trust elon. >> but all this rhetoric about, oh, he's the king, he's trying to displace you, trump. i think the trump -- trump knows the leftist media is trying to get under his skin. march louisiana he doesn't really need the money. he's worth $400 billion. >> the point is elon musk is fine being his second in command, and he's not even elected, but he's got the symbiotic relationship with trump, and he likes to physical his -- follow his orders and do the will of the people. >> when i was a federal attorney, i worked to clean house. i was act tasked with going through birdies my their and performance actions, weeding out all those wasting taxpayer dollars in the form of their salaries and waste and abuse with of the financing. but every single person was -- we had to fight the national labor relations board, eeoc. we were sued for everything at every step. so i, i'm so grateful to see that there's a huge momentum

behind this so that, finally, instead of emptying the ocean with a bucket, we'll actually get the the fruit ifs of this thinning out the efficiency, money back in our pockets, the debt reduced and the knowledge and faith that our federal government is actually working on our behalf instead of thwarting it. larry: first really good audit in 50 years. others have tried it, but they haven't succeeded, and i think elon musk's firepower has a a lot to do with it. caroline downey, congestion pricing the dead -- is dead. >> there's actually a case for congestion pricing in national review. if you're in a high congestion area, you're imposing a to to -- cost on everyone around you, so so it's okay to tax you and you can take the revenue and, hopefully, that'll be used to improve the roads. yada, yada. the way new york city implemented it was not correct. a $9 flat fee is not congestion pricing. [laughter] larry: you bet it isn't. get rid of the bike lanes.

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larry: all right very good day for doge, dividend checks think of that. a good day for putting tax cuts back on the front burner and especially good day to see elizabeth macdonald once again. here she is. liz: larry let's do it again. that was a lot of fun. one and only larry kudlow. great to see you welcome to the "evening edit" i'm elizabeth macdonald. we got breaking news coming in. president trump about to speak at any moment in