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tv   Kudlow  FOX Business  March 5, 2025 7:00pm-8:00pm EST

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with jackpocket, you can order official state lottery tickets anytime, anywhere and you can see your ticket on the app. plus, with new official state scratch games available, more of your favorite games are right at your fingertips. download jackpocket today. i'm thinking of updating my kitchen... ...thinking of redoing our kitchen. ...we are finally updating our kitchen. for all those people who never seem to get around to it... —...a breakfast nook. —chase has financial guidance. let's see how you can start saving... —really? —really? at home or in-person. that's guidance from chase. larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so president trump delivered
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a speech, showing and aing aarguing there are no limits to emer american greatness, we begin with house judiciary care, jim jordan, and steve forbes and john carney, we'll figure out tariffs and the stock market story, then agriculture secretary brooke rollins waiting in the wings on trump's promise to make america affordable again. peter doocy is live at white house thank you. what is cooking. reporter: well, larry, some big news, we found out that stolantiis and ford. it is temporary. >> we spoke with the big three auto dealers we'll give a one month exemption
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on any auto comes through usmca at request of companies associated, the president is giving them an esyan exemption for woone money. reporter: we hear about j adjustment period. from no tariffs to new tariffs. >> it will happen quickly. there will be a little disturbance. but, we're okay with that. it won't be much, no you are not. reporter: the president believes that tariff revenue will help u.s. bring does debt and deficit with the doge cuts that brought to us this question today. >> we know that some officials here were miffed that zelenskyy showed up last week without a suit for his meeting in oval office
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but elon musk never wears a suit. >> he did last night. reporter: what is dress code. >> elon musk wore a suit last night. >> the zelenskyy getting kicked out. >> i don't think so, i am pointing out he did wear a suit last night, and i think the president liked that very much. reporter: he is is a ford it he can afford to have a back up suit. the doge effort will continue, so too will the tariffs, officials trying to send a message to nervous traders. they think that trump's first term proved that as a whole his policies are very business friendly. larry: peter, have you picked up any sense, i was in west wing quite a while yesterday talking and meeting with people, any sense when to the said -- president said there might be a little disturbance, shall we say, a little more
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than expected from the tariff story? reporter: yes, because he is no longer just talking about how he thinks that tariff is one of most beautiful words in english language, he is putting that word out that this will be felt by people, and they want to blame egg prices on joe biden that is fair, that is not happen overnight, but, everything else, the prices will start to go up they don't want people to be blind sided on top of their bottom line affected. but yes, i do have a sense that they are trying to get people to brace for impact, and create a sense of i'm with you on this. so it does not seem it is disconnected with the economic policies, and then, he just sits and watches as people suffer. larry: yeah, all right peter
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doocy thank you very much. >> now folks donald trump american greatness, knows no bounds, that is the subject of the riff. so, here is what a heard from the donald trump speech. >> is no limit, no boundary, no end to american greatness and what america can accomplish. this colossal speech was for trump's personal and positive vision for the country he loves, the united states of america, he sun leashing prosperity, unleashing innovation, unleashing opportunity, and unleashing com optimism, that is what i heard, with details en enumerating his accomplishments and policy points i believe that key to understanding how donald trump is dedicating himself toto concurring any and
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all frontiers confronting america, toward the end of the speech, with god's help over the next 4 years we'll lead this nation even higher, we'll forge the freest most advance most dynamic, most dominant civilization ever to exist on the face of this earth, through it all we'll rediscover the unstopable power of the american spirit, and we'll renew unlimited promise of the american dream. end quote. and a powerful quote it was. soo that economic side, mr. trump's call t to unleashing prosperity clear hic hic a exhorted congress to immediately pass his tax plan. and making.
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>> next phase of our plan to deliver the greatest economy in history for this congress to pass tax cuts for everyone. we're seeking permanent income tax cuts across the bored. and to get needed relief to americans hit hard by inflation, i am calmi calling for no tax on tips, no tax on overtime, no tax on social security benefits for our great seniors. just as we did before we'll provide 100% expensing it will be retro active to january 20, 2025. larry: boom, right there he laid out a powerful economic growth message. bang, right there. he emphasis programs of deregulation, drill, baby, drill, liquid gold and a lot of time praising elon musk and doge. and need to strip federal government down of all of its waste and fraud and
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abuse and corruption. he talked about hug he has already raised nearly 2 trillion dollar of outside investment committing u.s., and mentioned his re reciprocal trading policy. there is dismantling the bureaucracy, and his great success in protecting the border and deporting criminals, i could go on, but i really think to capture the donald trump zeitgeist, to understand his love for america, and his dedication to common sense solutions that can fix any problem and break down any barrier to america's success. democrats sat there like
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stupified zombies, they tried to disrupt him they looked awful doing it. and as newt gingrich and other friends noted, they could not get themselves to aapplause zelenskyy caconciliatory letter or show appreciation for the 13-year-old cancer survivor or release of hostages. to my way of thinking, mr. trump offered approve den shall -- pr prove view of the greatness of america. and that happens to be tonight's riff. all right. let's turn to my very dear friend, chair of house judiciary committee great jim jordan from state of
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ohio, america heart land, jim thank you we love having you. i really, i know there was a lot of details and tax cuts, but i am trying to capture the zeitgeist. the big picture. you know, this is like almost more reagan than reagan what he did last night, his vision is so fabulous, and so boundless and s so endless i think it hit the nail on the head. >> leadership on display. i love near the end of his speech he talked about doers, dreamers, and founders that is the american spirit. then he got into some of the specifics, one way you do that let family and entrepreneurs and small business owners keep more of their own money, you cut their tax that help the economy grow, you do common sense energy policy. common sense regulatory policy, and -- secure the
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border, basic things, you couple the pace we have seen, in 6 weeks of this administration, with that vision you talk about that president trump laid out, for all the americans who to things, dream things and fight for things it was a special moment, what a contrast between, you hate to do this, he was so good, compared to joe biden who was so bad at this a special night for president and country. larry: y you know, jim. we have been a round for a while, like president trump with america he says no is not part of my vo vocabulary, always yes, we can. yes, we will, yes, we will do it better. yes, we know no boundaries, i just, want to harp on this. i know you want to be chairman of the council of economic advisers.
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you would make a darn good one by the way. >> you would not me. larry: i don't know about, that i am saying. this was -- i call it trump zeitgeist, trump culture, spiritual wave he engendered it was a long speech but a lot of friends and family members say they watched entire speech, enjoying the upbeat nature. you don't get that any more, trump with breaking new ground. >> right. it was not long speech but a great speech, we could have listened to longer, but the thing i like, maybe we -- maybe we're describing same thing in different ways, what i love, he hating to lose, he thinks like an albright, winning is -- an athlete, winning is what he
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is focused on winning for the country, winning for the doers, dreamers, founders, fighters, winning for american people, the country understand that, we the people understand that. that is why we appreciate his fight and maybe more important his willingness to do what he told us he would do, he told us during campaign he would do what we has done. larry: i love, that right he always talking about winning. you are right. jim jordan, i enjoyed it, he laid down a marker tax cuts across board. even business investment tax cuts retro active, to january 1st, he wants them done permanently, and right away. can we can -- get that done. >> we have to, he wants to happen, we wants economy to get turning. we had in his first term, he
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wants so that economy goes that will help all americans, every family, helping wagers and workers, helps everyone. that is what he wants we have to deliver, you saw us come together last week, pass first step. larry: i told speaker johnson, i called it a miracle. what you all did. you are part of that leadership. now the question is, to drive it through, i think jim, with mr. trump on the war path for tariffs, and reciprocity, and i support his mission. but i would like to see tax cuts get in fast as possible. because i think that cushions what whatever the small disturbance. the tax cuts will cushion small disturbances while we
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try to reform the world's trading system. >> i agree, very well said, i agree 100%. that will help us to grow, that will help us and sooner the better. larry: almost hate to say this, but i hate to lose you, you know, there has to come a time when you and i and some others, can find a ccouple people on the other side of the aisle who would applaud a kid recovering from cancer or getting into west point. or hostages freed. do you know what i mean? there was a time where we grew up, there are a lot of good-hearted democrats, yet none were in the chamber last night. and i find that so awful. >> how about her their
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father gave his life in butler, pennsylvania to protect them, and president trump everyone should have been standing up. family as well as young man. who was made honoree member of secret service who heard from commander in chief he is going to the west point for goodness sake. i didn't get it either, i have been to 18 of these,y i always stand up with president walkings in regardless of party, and you always appreciate the guests who are there as guests of the president. it was unfortunate. larry: key point, not democratic failures, they have to sort is out, key point is trump's phenomenal vision for america, modernize city on the hill
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to 15th power. >> well said. larry: jim ord a jordan thank you. >> do you jones ended up 500 -- dow ended up 500 points today, tariffs have been paused for a month, canada and mexico maybe an tariffs? steve forbes and john carney, figuring out tariff story and stock market story and disturbance story, all i know that donald trump gave a phenomenal, american greatness stem winder last greatness stem winder last night, it was a honey of a speech. m kudlow. we'll be right back.l! rement. we'll be right back.l! you got this. vanguard fixed income funds can help advisors grow their clients' savings. vanguard. fifty years of high quality investments. your gut is like a garden
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>> tariffs are not just about protecting american jobs, they are about protecting the soul of our country, about making america rich again and making america great again it is happening. it' happen quickly there will be a little disturbance we're okay with that, it won't be much. larry: now look. not everyone in world will agree with that, that is his view. that is his view.
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and i myself support the reciprocity policy and i think that unfair trading practices have damaged this country, lauk law talk about steve forbes, and john carney breitbart economics and finance editor. start with you john. the trouble here, i don't think is the policy, at least not yet. wondering if the trouble is lack of consistency, it looks a bis disheveled, i don't want to singer howard lutnick out here, is an honest guy in morning president trump said running 25 percent on mexico and canada, leave china alone.
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then, you know. one of his top trade people came on our show at 4:00 said we're pausing it, more information tomorrow it came out, they are pausing the car part of the tariffs, automakers, they may actually have other exemptions. what am i saying? i would like to see more p predictability. >> it is unhelpful when you are trying to convince the rest of the world about tariffs and a plan, you come back, several hours later, they are peeling back the tariffs. that really throws some chaos, a complaint people have about donald trump creates too were
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unpredictability for businesses and markets, i had been pushing back on that, but this makings it harder to push back on it. the same day tariffs come out you say we'll take out the biggest chunk of them. larry: the usmca . >> that is what mexico and canada care about, mexico did deal with tariffs on avocados, the car part was holding them -- their feet to the fire. taking that away i'm not sure. larry: steve forbes, your take, you are le le less, enthusiastic than some about tariffs, my view, i would have preferred that the tax cuts preside tariffs, that is sequentialy, president disagreed, he is the president.
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in 2017, and 18, we got tax cuts first then tariffs, now, with respect to tariffs, a little disturbance are you concerned there will be more than a little dance dance. disturbance. a couple things 25% is devastating, the high rate, and blow back, canada is critical for electricity in certain parts of u.s., and oil our refiners de depend on that from canada, they have more cards than people realize, and what you refer to is unpredictability, you don't know the rules of the game, in case of mexico i think he took real steps to go against cartel. delighted to go after them but she sent back people that could cost her, her life to u.s. justice, what
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more do you business peck, layout what you expect, 1, 2, 3. with some specifics. then, on the sequential, you are right, big mistake in 2017, they led off with healthcare and didn't get a tax bill to the end of the year, they should have gone through the big beautiful tax cut at the beginning, no weekends get it done. at least you have real typhoon like wins at your back, if tariffs come they are not as disruptive. larry: that is the thing, when president said a little disturbance, i don't want to over sell that i'm with john, i don't think that tariffs are as catastrophic. a little disturbance, price
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hikes, you may get supply chain disruptions, have to be you know rejiggered in the markets. but, if you have your tax cuts in place, by the way. the investment tax cut 100% expensive retro a active to january 1st is a grand slam. >> that is huge. larry: it was p percolating, but you get your tax cutting in you can't the economy for whatever disturbances may occur, a monetary cushion if you will. the little disturbances are littler, john carney, that is important. you don't want it to get out of hand. >> one thing this trump administration should do put up a dashboard that tells us when tariffs we're paying in
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world, i dare anyone to go to u.s. government right now look for a web site that tells us what is india trade weighted average tariff on u.s., you can't find it. larry: i know what it is. >> you know, you are a genius. larry: i had -- >> it if publicly disclosed tariffs would make more sense to american people. it be be a dashboard of winning, we do reciprocal tariffs and in world they come down, you can show that to the american people, right now it it is so not t transparent. larry: i think, also, it might be helpful to have a series of pass-fail metrics like with canada, how do we
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why? whad steve miller on. a month ago. and i said, how do you measure in canada's and mexico's progress. at that point he was optimistic, they are putting ten thousand people on border to-us, but that has not been enough. i am saying, it might be useful, i don't want to pin, presidents don't like to be pippinche -- pinned down but it might be interesting to show the metric. >> helps government like mexico to say, that is what we have to do to avoid this or that, they could say we stood up to u.s., we're net go thes tariffs but we have to do this. inside of mexico they don't like c the car -- cart ecartels, it would be a win-win. larry: we're on pause for
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cars, maybe for others, the stock market feeling a little bit better. we'll see, john carney and steve forbes thank you so much. >> coming up president trump will make america affordable again. we'll talk about it with agriculture secretary brooke rollins, i'm c kudlow, be right back. d debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. all your ambitions. all in one app. sofi personal loans. low fixed rates. borrow up to 100 k. no fees required. go to sofi.com to view your rate. sofi. get your money right.
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you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. >> as you know we inher i ited from last administration a economic nightmare their policies drove up energy prices, push up grocery costs and drove necessities of life out of reach for millions of americans, as president i'm fighting every day to reverse this damage, and
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make america affordable again. larry: joining us now, my friend, brooke rollins, madame secretary, but for me you are the world's expert in affordability. he is raising an important point we're suffering hanover from biden economy is looks worse and worse brooky, we have to live through the last biden bit, that looks lousy. what do you think? what are people talking about? >> well, first, you are number one in my heart in all cases not just affordability. you are my super larry, last night was amazing, president laid out an incredible vision for country. that was talking about
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affordability for american families, under biden administration, food prices up 22%. we're in an egg crisis if you will, egg prices under joe biden, my fancy chart, they were up 237%. there is a lot of reasons for that, they are what we have to basically fight right now in inheriting the biden economy and the unaffordability crisis facing america, president asked me to tackle it head on last week, we rolled out a five point plan talking about bringing prices of eggs down. how we import some eggs, in short-term, and look at long-term, to fix this. we have some documents now, biden administration looked at this avian flu issue, a couple of years ago, they did nothing about it we are
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doing it point by point, ensuring it does not happen again. larry: brooke, the other part, i issue the egg story, very smart people telling me that jobs number, february, that is coming out, could be flat even negative. the gdp now, tracker from , atlanta fed showing minus 2.8%. my generic point with respect to afor a-- affordability and economy. we have to do suffer through bad news, trump's program is not in yet, i have people on left blaming trump, how you can blame trump when he was not president when the seeds were planted. >> we have only been here 30
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plus days, you can't turn an entire economy in 30 days. you can't bring the cost of goods down in 30 days not just what we inherited but the cost of up puts -- inputs. but all of this matters, when you brokerage cost of inputs down it went up 30% under joe biden. the export markets we lost the entire market of exporting, we have a 49 billion dollar deficit for our farm products and farm producers. it of 0% deficit when we left trump won 1. the president's vision, those of us on team, we're fighting every day, it is taking some time. larry: it was a positive
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optimistic stem w winder madame secretary thank you brooky. >> thank you. larry: coming on set, katie pavlich. fox news contributor, and charlie hurt. co-host of fox and friends on the weekend. to you. we'll show clips, white house clips of this young man, the cancer survivor at last night's speech, democrats could not figure out how to clap for him that is just deplorable. before we get into that. katie, we were talking off camera, i talked with jim jordan about this, this was trump's zeitgeist, america knows how bounds, reagan city on the hill to 10th or 20th power -- the optimistic vision of this
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country official. to me, stepping back from the details, even tax cut details, that is the real message. folks watches this thing. i -- a long speech, i get it, a lot of people saying he -- that we didn't mind. >> for a long time republicans had a hard time telling stories, being empathetic and understanding. last night, president trump was able to tie the stories of everyday americans including dj, who got brain cancer wanted to be a police man, and honorary secret service agent in front of the country, and his badge is handed to him by psychthe secret service agent who escorted president off stage. a lot of hopeful examples tied to policies that are having a positive affect,
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young man to got to west point, that came after trump talked about recruiting numbers. there is a lot of good examples of things are that -- that are changing, president is an amazing kanan-dcommunicator. donald trump he does not want to stop the decline. he wants to stop and to turn the country around. larry: and charly this -- i think it the big deal. a big deal. we're no longer managing declines, we're breaking down boundaries of future, nothing we can't do. >> you can understand why democrats are so baffled by this and confused. you say, they have always been those who told the stories, republicans were those who were unable to tell stories, democrats have
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everyone on their side, they have hollywood, they have media, they have academia, all avenues they need to tell the stories, on their side. despite all that and over objections of many in parties. donald trump comes along said, no. we're not flipping the script, rewriting the script, i thought it was his finest speech, it was substantive. you get to dj, the 13-year-old, celebrating him because he loved cops. why is that important? we came, merged from a period of people all democrat politicians celebrated a guy who was a crack head, who got arrested for you know passing bad bills. celebrated the and blamed the cop, and burned cities
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to the ground, in support of the crack head, and hating copies. -- cops, you have a 13-year-old who loves cops and want to be a cop, and president trump celebrates him, he talks about toxic brain cancer, and talks about bobby kennedy going after the toxins in our air, food and water. larry: how could people of goodwill, not stand up and applaud it. >> i think i'm the wrong person to explain it. last night i don't understand that. if you cannot at left clap maybe not stand up a guess but clap for a 13-year-old. >> a thumbs up. >> or widow whose officers husband killed on duty, or
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putting violent criminals behind bars or making sure women can play in sports without being violated in the locker rooms, they are basic c common sense. larry: you know it occurs to me, charly, trump has enveloped the democratic party e, hes that taken after position away from him, they don't know what to do with them with bingo paddles. >> he has surrounded them on all sides. they don't know what to do. >> they -- he has take "every day is extra" issue from them -- he has taken every issue away from them. donald trump's ability to
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expose his enemies his opponents, what we saw last night, is it, why could they not clap? they don't care. they don't care about the boy or the issues, they only care about the issues in as much as they help them get reelected, politically that all they really care about is themselves, they could give a rat's tail about american taxpayer and american citizen, people who want safe streets and who want to be prosperous they don't care about justice, only thing they care about how do i turn this issue to something that will get me reelected. >> no, no, no. i think all they care about is attack everything to do with trump. >> to charly's point, he said, exposing them. his best thing is allowing them to expose themselves. larry: set them free.
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>> what is it? the line? if you our opponent is ab about to -- defeat themselves don't interfere. >> i'll figure it out. katie pavlich, and charlie hurt thank you. >> coming up. ukraine's zelenskyy, cries uncle. how about that. >> how about that? we'll talk about it with chair of house foreign affairs come i mr. brian mast when kudlow returns. ...to empty nest... ♪ ...to free birds. ♪ vanguard. we got this. fifty years of helping you invest for every chapter. oh don't forget dinner with my boss. ah great. our new ultimate adhesive will save the day. new poligrip ultimate all in 1.
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you think those phone guys will ever figure out how to keep 5g home internet from slowing down during peak hours? their customers have to share a wireless signal with everyone in their area. oooh. you know, it's kinda like when you bring a really big cake for your birthday, and then there's only a little,
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one because rear from strongest negotiate p -- position right now, look at what president's tone has done for europe, u.k. putting additional 2 billion every year to defense more, eu will open 150 billion defense net fund, then germany saying they will open 400 billion in defense fund. and list goes on, that is all because of president trump tone with europe we need a partner in europe to stand on its own. larry: i don't want to be too cynical. do you buy europe? do you think they will make good? >> they will make good. because, they realize what is taking place, whether jd vance at munich security conference or myself speaking to delegations, president trump, you name it, message has been made clear, europe you have to be a partner that does not lean on america like a crutch but
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a partner that makes us a true alliance, because you are strong as us. larry: brian switching gears. more tariffs on china. on china. 10% plus, 20%. i was at g20 meeting. with xi jinping and president trump, and trump said to xi jinping, please make fentanyl production control a capital punishment, xi jinping said absolutely, and here we are, 4 years later plus, 5 years later, and china is the biggest supplier of raw materials for fentanyl, it is a bad performance. >> president trump will keep hammering them, it will produce results everywhere. and this is what we know about it, he will hammer them to the benefit of american people period.
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larry: chairman brian mast thank you, sir, appreciate sorry we ran out of time, thank you, appreciate it, i'll b ee right back. lpfu l. see if you can save money at progressivecommercial.com. l. thank you. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning.
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