the federal communications commission today designated chinese telecom companies huawei and zte as nationalurity threats. the fcc also barring u.s. telecom companies from using federal subsidies to buy equipment and services from those chinese companies. fcc chair ajit pai today saying both huawei and zte have close connections to the chinese communist party and the people's think about rakes army. liberation army. adding that zte and what huawei are required to turn over data and information that they collect to chinese intelligence. the fcc's designation comes as beijing tightens control over hong kong, putting into i effect a sweeping national security law that completes beijing's takeover of hong kong. hong kong's leader, carrie lamb, supporting that takeover and the end of civil rights in hong kong. pro-democracy groups say this is the end of the hong kong the world once knew. on monday secretary of state mike pompeo announced the united states is stopping the exports of defense equipment to hong kong. the state department also imposed the same restrictions on defense and dual use tech

brendan carr has been nominated to run the federal communications commission. trump also tapped an oil man to run energy, chris wright. he's big on fracking, once publicly drinking frack fluid to show is it doesn't affect if drinking water. we've got the video. here's what's happening this monday morning after friday's heavy selling. the dow's down about 40, minor gain for the s&p, minor gain for the nasdaq, up 70 points. bitcoin holding right around $90,000, just dropped to 89,6. interest rates, the 10-year close to 4.5%, 4.46%. the 2-year at 4.31% as of now. the price of oil, $. >> 67 a barrel. $67 a barrel. gasoline, $3.07, diesel at $3.53. gold, $2,603 last time we counted, now 26007. and we have on the show today for you president biden makes a dramatic reverse course. he will allow ukraine to use american missiles to to attack deep inside russia. the kremlin calls that dangerously provocative. what will president-elect trump do about it? no statement from him yet. we're going to focus on nvidia, now the most valuable company in the world. it reports wedne

the federal communication commission reaffirming a 2022 decision to deny elon musk starling internetubsidies earlier this week the two republican commissioners on the five-member fcc dissenting from the decision senior republican fcc commissioner brendan carr writing this in his dissent after elon musk acquired twitter and used it to voices on political and ideological deals without filter president biden gave federal agencies a green light to go after him, today the fcc adds to the growing list of administrative agencies that are taking action against elon musk's businesses, joining us the man himself, senior republican on the fcc commission brendan carr, brendan carr it's great to see you we appreciate you joining us, what's going on at the fcc, is this all political. >> it's really concerning pattern the fcc back in 2020 awarded elon musk, starling all these dollars to bring high-speed internet service to six under 40000 rural homes and businesses these are parts of the country that had no internet service at all for far too long or they have been stuck on copper line internet ser

dagen: big news out of the federal communications commission. it voted to repeal obama net neutrality. it will totally dismantle rules that prohibit web traffic providers from block or slowing web traffic. chuck schumer says it will hurt our economy and calls it quote a disaster. kennedy sat down with the fcc chairman ajit pai who claims this will be a big win for businesses and consumers. kennedy: with me, ajit pai, the federal communications commission chairman. tell us about this net neutrality rollback. this is exciting. >> two years ago the obama administration decided to regulate the internet. to treat it like a utility. kennedy: i want to see if this is a comparable scenario. wouldn't treating internet companies like utilities be like treating cars like horses and forcing them to get shots and wear shoes? >> it's treating a dynamic industry like one that is much more slow moving. part of the reason why i proposed to my fellow commissioners at fcc to get rid of those regulations, is we want the internet to be governed by engineers and not

he'll use the federal communications commission. the federal communication commission can only regulate what congress authorized it to regulate. it doesn't regulate cable tv and it doesn't regulate the internet. they will have to aggregate themselves to regulate the internet. the computer people will challenge it. neil: you're putting yourself on the side of the comcast cable divisions and some guys who definitely have their own interests in mind a lot of times. >> i would rather be on their side than the side of the people who gave us obamacare. the free market is what created the internet. if some giant, if google decides to be anticonsumer which would be insane because the consumers have made google, another internet giant will be there to provide the services for people like you and me and everyone watching this now use on a daily basis. the president doesn't understand that. neil: what are you afraid it leads to, judge? talk of an internet tax -- >> i have three fears. one, the government regulating something that has been nearl

i couldn't tell but i had a chance to ask the chairman of the federal communications commission if he is looking in to the comments he made about the president. past 11:30 at night eastern time and anyone on broadcasting, a little looser with the language. >> the framework we apply before 10:00 pm, seen language is what we regulate after 10:00 pm. >> he is a fine catholic church going god-fearing young man. donald trump should take -- an executive order. neil: do you as a comedian draw a line -- -- never raised it with me. >> excuse me a second. in a club it is okay but when you are representing a network, cbs, you would never hear jay leno say that. neil: where did he jump the line? >> he didn't jump it by being crude but being homophobic. when he was reach searching for the crudest insult he can find he used a homophobic imagery. neil: a lot of people saw that. >> the tiffany network is not what it used to be. >> do you hold it to a different standard for cable -- andrea: there was a line between the two but the problem is it took this much -- the idea that donald trump defended one

he has a regulatory agencies do things like wrecking the internet for the federal communications commission the president. >> businesses depend on rules to plan for the future. it is a problem if the president is not obeying rules that he himself has laid out. >> it is. but it needs to be viewed in the context of the clip he has showed. presidents do have the authority to use executive orders. the real threat to the economy is that there is uncertainty about this issue. i don't think it is clear and that is why it is before the supreme court. it is having a damaging effect with can people stay in the country or not stay in the country. we need to determine what we have in terms of our workforce and who can be in the country and who cannot be in the country. >> he said it over a dozen times that he couldn't do what he eventually did. isn't that a problem? >> not for this president. if you like your doctor, you can keep your doctor. i want to go back to what steve said. with this president it is like every driver on the highway has a different speed limit. it does not apply to everybody. that

joining us, the chairman of the federal communications commission, ajit pai. ajit, good to have you with us. it's been some time that we knew that both of these companies were turning over information that they gathered in the course of their normal businesses to people's liberation army, to chinese intelligence. why this decision now? >> well, thanks for having me on, lou. unlike in communist china, we have the rule of law in this country. and in november of 2019, the fcc proposed to ban the use of fcc funding being used by telecom carriers here in the united states on problematic equipment or services coming from carriers like huawei and zte. we initially proposed to designate them as national security threats, but we wanted everyone to make their case. we a heard from the executive branch, from congress, from other stakeholders, and we heard from huawei and zte. the overwhelming weight of the evidence suggested that they would be national security threats, and that's why we moved forward today with a firm designation to plant a flag to say starting on july

as you know there is a key appointee to the federal communications commission who says that she thinksuldn't exist because of its, of its views. the people, the woman who runs the federal trade commission wants to basically regulate all mergers and acquisitions in the economy. i could go on and on but this is a pattern and it is the resurrection of the regulatory state as you know donald trump talked about repealing regulations. this is an administration that has you know, the regulatory state at the fastest gear. david: but it really goes beyond that, revision to what we've seen before. i've never seen an administration that really wants to cut the heart of capitalism. capital, let's face it, is the lifeblood of capitalism. it is the beating heart of capitalism and if you take it and move it from the private sector, from private banks an private banking institutions to the government, you're socializing capital in america. that would essentially be the end of capitalism, of private enterprize be wouldn't it? >> well of course, this has been really a theme of the biden administration f

he served as the top republican at the federal communications commission.arr thank trump on x last night, saying we must restore free speech rights for everyday americans. trump chose chris wright for energy secretary. the oil executive who runs a denver based fracking company took to x as well, saying he will focus on making american energy more affordable, reliable and secure. wright sits on the board of a nuclear reactor company, he's been a major ba backer of nucler energy. hdoug burgum was nominated for secretary of the interior and was named energy czar. trump has yet to announce the choice for treasury secretary. he was exec expected to choose d lutnick or scott bessent but now new reports are emerging that trump is considering former federal reserve governor kevin warsh and mark rowan. all four candidates reportedly invited to mar-a-lago this week to interview with trump for the role so we may very well hear his choice in the coming week, week and-a-half. liz peek, good morning. mark, cheryl and liz, your reaction, liz? >> i'm very excited to see al

choing us, the chairman of the federal communications commission.e has been focused on the issue of telecom and other companies using taxpayer money. for years commission chairman ajit pai led that 5-0 vote today and joins us tonight. congratulations on the vote. a clear-cut statement of putting u.s. national security, national you interest above commercial interest, and congratulations to you and the commission for doing so. >> it's a unanimous vote. when it comes to the national security of our communications network, we don't know party affiliation. it's about the security of the country. >> the attorney general of the united states announcing clearly that both these companies, huawei and zte pose a national security threat. he went further and said it's the conduct of the people's republic of china that goes into his assessment of their national security threat and the risk posed. how far is this going to go, and what are the next steps for the united states? these two companies have been features prominently by the chinese and their efforts to

ronald reagan's words about the most terrifying lines being trouted out again from the federal communications commission chairman. he says he wants to regulate the internet but some say it's going to hurt consumers with new rules, higher prices and less access. steve. explain the flip side. he just wants to protect consumers. >> what's there to protect from? it's been a fantastic engine of growth and innovation. we're seeing more positive effects each day. every time we have those hand helds, $25 smartphones that will be coming. you'll have less capacity. you'll have less innovation. when governments make decision that private entrepreneurship makes watch out. >> rick what do you say? >> i would agree for the first part. i'm not feeling too sooef yet unionish on. i'm afraid if the government doesn't do this all these great entrepreneurs would not be able to do so. they won't have access because the big guy will keep them away from getting their products out. i don't want that to happen. >> is scariest part is a lot that the government will now have the power to do price controls and regulate content. he

coming up here on "kudlow" when is biden's federal communications commission going to stop attacking guy own the planet? we have brandon carr, will tell us why, or try to, when "kudlow" returns. happy holidays. ♪. (inspirational music) - [narrator] wounded warrior project helps post-9/11 veterans realize what's possible. with generous community support. - aaron, how you doing buddy? - [narrator] we bring warriors together and empower them to become stronger inside and out. - it's possible to begin healing - to get the help you need. - to find peace. - [narrator] and as each warrior's needs evolve, so do we. because these last 20 years are just the beginning. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if y

federal communications commission is working on it. so is the private sector.ompany on the front line joining us to explain after this. ♪ fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? play it cool and escape heartburn fast with new tums chewy bites cooling sensation. ♪ tum tum tum tums with new tums chewy bites cooling sensation. xfinity mobile is a designed to save you money. whether you use your phone to get fit or to find the perfect gift, you'll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. so you save hundreds of dollars a year on your wireless bill. xfinity mobile has the best network. best devices. best value. simple. easy. awesome. click, call or visit a st

liz: let's get to the story of the federal communications commission.he nfl's blackout rule which blocks local broadcasts if the home team didn't sell out the arena. there is a catch, the ruling does not guaranty the nfl will lift the controversial policy. david: rich edson joins us from washington. how can the nfl still enforce a blackout? >> well, david, the law allows two businesses, a sports league and television broadcaster to agree to terms for transmitting football games. in this case the national football league said it is encouraging full attendance at football stadiums by blocking local games on tv if the home team fails to sell enough tickets. the federal communications commission issued own rule in the mid-'70s, when football attendance was far less than current performance and super bowl was less than a decade old. the fcc voted to eliminate their rule. since the nfl can block games on its own, the fcc is only left with urging the league to follow the commission's league. >> this is an opportunity, i hope the nfl will seize on this opportun

off earlier spikes that had gotten a huge thumbs-up this morning from the head of the federal communications commission for the $26 billion t-mobile/sprint marriage but news is jerking the stock all over the place. we've got charlie gasparino here along with the man you need to hear from. that's rod mcdowell, the magic merger man, here in a first on fox business interview. he is t-mobile's outside counsel on whether there's any credibility to this report from bloomberg which would stop the creation of the third largest wooil wi wireless operator in the u.s. >>> at this hour, several major american tech giants who do business with huawei are slamming the door on president trump's blacklist order from google to momentum and a huge number of u.s. chip makers, there are all kinds of reports they can no longer do business and it's going to hurt their revenues. we have the latest chapter in the huawei saga. >>> speaking of slamming, the nasdaq bulls are slamming into a wall and it's bigger than just huawei. the tech-heavy index is down 121 points or a loss of 1.5% because this overall trade war with china sh

he named brendan carr to become the chairman of the federal communications commission. quote, commissioner carr is a warrior for free speech and has fought against the regulatory lawfare that has stifled americans ' freedoms and held back our economy. he will end the regulatory onslaught that has been crippling america's job creators and innovators and ensure that the fcc delivers for rural america. carr was with nominated by trump in to 17. he serves as the top republican at the fcc currently, and carr is thanking trump saying, quote, we must dismantle the censorship cartel and retore free speech rights for everyday americans. here's what he had to say when he join ared mornings with maria last month. listen. >> -- american people have been looking at the government over the last couple of years, and they see weaponization. if you're musk or another last name, you get the book thrown at you. if your last maim is soros, you get to skip the normal review process. i think that's the fundamental problem that so many people are concerned about. >> reporter: trump also victi

it would destroy private colleges in this country and also now we have the fcc, federal communications commissioninternet which means alternatives to higher education are going to be higher because government is going to try to control content. this is bad all around. >> rick, this new plan as suggested by senator bernie sanders he is a self avowed socialist but the president's plan which were for community college has the support of americans, 56% of americans favor the president's plan. >> i think what senator sanders suggested and his heart is clearly in the right place i don't think it's going to turn out to be something that the public is going to be all that interested in, but i was very heartened and i really appreciate you showing the results of that poll that americans do understand what the president is proposing with respect to community colleges, it's smart, we need an educated public if we're going to move our committee ahead. >> when you think of all the other things that have been free according to the president turned out to cost a lot of money. >> i think it sounds very very crue

and this combined with what the federal communications commission is doing with regulation here at home that is going to crush the internet. so leave the internet alone, it will prosper. we'll all prosper. >> mike, why is this sort of slid under the door? i mean, has this been -- is that a plan? or hopefully we'll bring it out in the open. >> david, every chance president obama has to ruin the sovereignty of this country whether with immigration or military trade, he's done it. i disagree with rich. he's trying to take this to the american people. and the fact that we should not give this up. >> that's the first and last word there. seven in ten people in a you are in survey say they plan on working after retirement. a lot of them because they can't afford to quit. perfect time for the informer picks to help you retire (announcer vo) who says your desk phone always has to be at your desk? now, with one talk from verizon... hi, pete. i'm glad you called. (announcer vo) all your phones can work together on one number. you can move calls between phones, so conversations can go where you go

the federal communications commission today designated chinese telecom companies huawei and zte as nationalng u.s. telecom companies from using federal subsidies to buy equipment and services from those chinese companies. fcc chair ajit pai today saying that both huawei and zte have close connections to the chinese communist party and the people's liberation army.

you've got ftc, federal trade commission and you've got the federal communication and ftc wants to stop every business merger and all they want to do is fight nonexistent monopolies and federal communications commission wants to take over all of the internet and all communication and the security exchange commissions kevin, you're an investor and you're buying and selling and those guys want more information, personal information than even the fisa courts would want and intelligence and national securities and see my point and overti and it's a disease and it's a virus and that's part of the big government socialism that the biden's want and trump is saying with great clarity, no. i will change that. there's no fourth estate. there's no fourth branch of government and we have to have good people running those agencies and so they don't run business and the economy into the ground. that's his point. >> i'd lake to hear more on all that and devil in the detail coming to policy and regulatory environment and example and both candidates talking about that and digital payments and bitcoin li

choing us, the chairman of the federal communications commission.e has been focused on the issue of telecom and other companies using taxpayer money. for years commission chairman ajit pai led that 5-0 vote today and joins us tonight. congratulations on the vote. a clear-cut statement of putting u.s. national security, national you interest above commercial interest, and congratulations to you and the commission for doing so. >> it's a unanimous vote. when it comes to the national security of our communications network, we don't know party affiliation. it's about the security of the country. >> the attorney general of the united states announcing clearly that both these companies, huawei and zte pose a national security threat. he went further and said it's the conduct of the people's republic of china that goes into his assessment of their national security threat and the risk posed. how far is this going to go, and what are the next steps for the united states? these two companies have been features prominently by the chinese and their efforts to

mark zuckerberg of facebook or 1250e6 jobs or anybody from google had to come to the federal communications commission and get their blessing to operate. you have to wonder how many of them would exist today. john: how come all these things were invented in the united states rather than europe? >> america got it right with our public policy towards deck tall technology the first time around congress and the clinton administration put in place policies that per permissionless based. they gave them the green light. but that is already change. we have forgotten the lessons of the past where america went out and conquered the world. our companies are household names. conquered the globe. john: at the beginning of the computer revolution, france said we are going to control this. they created a computer company. they gave people computers. throw out your yellow pages and use these. they have them in five different colors. they were going to be the leader according to the media i read. >> france took an industrial policy approach to the internet. but that's not the way innovation happens. you have to create

mark zuckerberg of facebook or 1250e6 jobs or anybody from google had to come to the federal communications commission and get their blessing to operate. you have to wonder how many of them would exist today. john: how come all these things were invented in the united states rather than europe? >> america got it right with our public policy towards deck tall technology the first time around congress and the clinton administration put in place policies that per permissionless based. they gave them the green light. but that is already change. we have forgotten the lessons of the past where america went out and conquered the world. our companies are household names. conquered the globe. john: at the beginning of the computer revolution, france said we are going to control this. they created a computer company. they gave people computers. throw out your yellow pages and use these. they have them in five different colors. they were going to be the leader according to the media i read. >> france took an industrial policy approach to the internet. but that's not the way innovation happens. you have to create

>> the federal communications commission asked to consider not only whether this deal is in the consumerbut whether having a foreign company acquire one of the major carriers is in the public interest. there is an additional hurdle. thangerri: thank you so much. the biggest risk investors are facing right now. what you have to do for a more secure retirement. don't go away. ♪ [ male announcer ] how do you turn an entrepreneur's eam... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solvit. gerri: up next the biggest risk small investors are facing right now. what you hav do for a more secue retirement. we will be back in two minutes. gerri: good news and bad news for social security recipients. because of living adjustment in january will be under 2%. that'll be among the lowest since automatic adjustments were adopted in 1975. multi-benefits for workers now average $1200 per month in the typical retiree can expect an increase of only 12 to $24

>> the federal communications commission asked to consider not only whether this deal is in the consumer interest but whether having a foreign company acquire one of the major carriers is in the public interest. there is an additional hurdle. thangerri: thank you so much. the biggest rk investors are facing right now. what you have to do for a more secure retirement. don't go away. follow the wings. gerri: up next the biggest risk small investors are faci right now. what you hav gerri: good news and bad news for social security recipients. because of living adjustment in january will be under 2%. that'll be among the lowest nce automatic adjustments were adopted in 1975. multi-benefits for workers now average $1$1200 per month in the typical retie can expect an increase of only 12 to $24 per month. here's the good news, increases tied to inflation and consumer prices have gone up only about 2%. older people tend to spend their money on health care and medical cost. rising much faster than inflation. could be a tough road ahead for seniors and it will only g off bumpier if social security

the federal communications commission says juergen have to wait longer to see whether the sinclair plan will go through know a decision according to the fcc before july 12 so you have the tribune down 2%. the fcc wants more comments when i say that that means when they ask the public or competitors for comments on white something should or should not be allowed to go through. doesn't we will have more clarity on that. most likely it can be traced back to a common of the trade tension situation. the u.s. and china agreed to further thoughts. the deficit right now. it's anywhere and around $375 billion. but both sides agreed to speak further into narrow it to $335 billion. right now it seems to be none. this is not a definitive agreement this is what we hope will be a path forward. if it doesn't work. the tariffs will go into effect. nothing has been lost at all. the minute blake burman heard that. you set treasury secretary steven mnuchin there. they said we don't really had one right now. we have a framework tell me what happened with munition. the president seem to suggest as well. tha