barney frank, larry kudlow. thank you.e're going to be hearing more on this. >>> let's send it over dominic chu. >> they make stuff that makes computer chips. shares are up on 162,000 shares worth of trading column. a new share purchase and that's the reason bhie whooi they focus in the after-hours trade. kelly, back over the you guys. >> 2 million, enough to move the needle? >> i don't think it works across the board. it's been a strong stock and a strong group, so any bit of excuse to buy more. >> adds to momentum. this is a place in semiconductor world. where do you want to be? >> true. uber is under fire. those outrageous details are next. >>> speaking of dirty laundry, procter & gamble says you should use not one, not two but three of its tide pods to get your clothes clean. isn't it more about selling detergent? that's coming up. & in a world held back by compromise, businesses need the agility to do one thing & another. only at&t has the network, people, and partners to help companies be... local & global. open & se

larry kudlow and barney frank will be along. >> and joel greenblatt gives us a peek into his strategy and why people should own a bucket of stocks like apple. he explains coming up. >> so much more. we've got a lot of things planned, coming up. let's talk about the things that cattalized the jobs rohrs. steve liesman, what in the world happened here? >> you know, it was a week number. no sidestepping it was well below what the street was expecting and now everybody turns to the fed chair janet yellen who steps up monday and will have to react to this dismal jobs report. remember she said she thought it was moving in way to hike it in the coming months but now says steven stanley, i expect that chair yellen speech writers were told to clear their calendars for the weekend and a new speech outline is this morning. over at rbs they may think yellen may pull a kevin bacon/"animal house," all is well. what do you think she'll take a page and that waiting is the smarter move right now until things clarify. we'll keep it on the table. kelly, there is a little bit of evidence that it could we

larry kudlow joins us after the break.about the shakeup in the trump camp and hillary clinton's war chest. >>> futures indicating a positive open. cramer wasn't enthralled at the beginning of the rally yesterday. it did peter out into the close. be back up a little today. get back some of what we lost at the end of the session. ♪ it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the cla250 for $299 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> "squawk box" this morning, details of donald trump's fec filing released yesterday revealing that his campaign, falling behind in the money race. the trump campaign raising $3.1 million in may comparing to hillary clinton's $27 million. still, the $3.1 million is more than double the previous month's haul. trump spending outpaced fund-raising, so his campaign started june with $1.29 million i

larry kudlow and barney frank debate that coming up. - the light bulb, a bright idea if you use the right ones. led bulbs use 85% less energy and last a long time, saving you up to $100 over their lifetime. here's an idea: replace yours today. [light instrumental music] >>> three major averages having a great day long in the market. all of them higher by at least 1%. if they did that every day, you would have a great year she said. >> a decent first half. >> yes, it has. >> but in the nasdaq lower in the first half. >> laggard. >> mobileeye? >> higher on reports of working with bmw to develop self-driving car technology. mobileye makes cameras, softwares and components behind the autonomous vehicles. intel is the world's largest chipmaker. >>> rental car giant sherts looking to play both sides of the ride sharing game. phil he bro joins us with the details of the new deals. phil? >> bill, this is one with hertz and lyft and basically comes down to this. they're going to take some of their older models, vehicle twos or three years old and hertz normally be selling into dealer auction lots

and that is complicating things for the fed. >> larry kudlow was on an hour ago and he would tell youre is no reason to do. so wrong, wrong, wrong, wrong. >> i'm surprised that larry would say. that the interest rate is the most important price in the economy. rate of interest is set an inappropriate level. it is misdirecting resources throughout this economy. moreover, the fed wasted the opportunity to reload monetary policy so that if we do have a problem they could cut rates to stop growth. it's a happy tortuous. this is as fast as kit go but that's what it's doing. there is no excuse to have a federal funds rate which is negative in real terms and just between 25, 50 basis points. >> i agree, obviously. bob doll this is a fed that is full of excuses, right? we can't do anything against china. it's the brexiit or this or that. if they're afraid of everything that's outside of the u.s. and our economy and their control, we may never get a rate hike. >> in some ways it feels that way. a 25-basis point feds fund rate is totally inconsistent with where our economy s we're not talking 2

the european union or not. >> joining us to debate the risk and rewards of this important issue, larry kudlow, cnbc senior contributor, and jim bianco. this is going to be good. larry, i'm a little surprised that you favor an exit. because you are an economic issues guy. and usually the economist, the bank of england, the imf, the oecd, the uk treasury all say it would be devastating to leave. so why is that your position? >> well, on that one, sarah, in short, lord save us from the economists, okay? all the ones you named, eu, imf, all the rest of them, by the way, let's throw in the federal reserve, too, save us from the ph.d. economists. that may be a side bar. this is first and foremost, for britain, this is about individual liberty, this is about autonomy, this is about self-governance, it's about parliamentary democracy. i call it magna carta 2.0. the first one was in 1215. i was not there for that one. but down through the centuries, that has been the iconic symbol of common law we use in the u.s. my point is, this is a very good thing. you can keep the eu economists, keep the eu socia

let's bring in cnbc contributor larry kudlow, former energy secretary bill richeson who served as newico governor and congressman. we're a business network and i want to start with the war chest. governor, i would normally say, wow, trump is at a big disadvantage but here's the thing. in this election, well, if money mattered, mitt romney would have been the president and jeb bush would have been the nominee, and that hasn't happened this time around. is this a big deal? >> it is a big deal because the disparity is so great and i don't sense the republican establishment has come around to want to help trump in the fund-raising area. it is very important, despite him being a billionaire, but it's not as important as before. this is a very angry populist electorate. economic issues are very important, national security, the whole issue of domestic terrorism. larry kudlow knows economics better than anybody so he can tell you, you know, this is a very unusual year. >> it doesn't help that donald trump has been telling everybody he doesn't need the money for a long time, right? please don

i go way back to the larry kudlow days. >> holy cow, when i had hair.s up -- no i didn't. >> caller: and you had spoken possley about altria and i bought 200 shares back then. this is like in i think '08. >> we know we've done fabulous without you. the problem without you i don't like to recommend the tobacco companies but if i had to buy one i would do that or philip morris, pm. mike in illinois. mike. >> caller: boo-yah from chicago. home of the cubs with five all-stars. >> i'm home of the phillies. we lose every game and no all-stars. >> caller: many accidentally acquired shares of shshrire. it has brokes trying to figure it out. hole or sell. >> time to sell. >> sell, sell, sell. >> it was a real winner. thank you, paxton for doing so well for everybody. chris in new york. chris. >> caller: jim, instead of investment. n testimony os what do you think of senior properties housing -- >> i think it is good yields 8% and doing okay and i know ventos has moved up. i think it's okay. let's go to tom in new jersey. tom. >> caller: hi jim. a big boo-yah fro

. >> to call larry kudlow, can i push back against my friend jack just a bit. i wonder, jack, if the negative yields in germany, without getting too wonky, i wonder if they're saying things are bad versus that the ecb is just buying debt because they need someone out there in the market because the private credit markets, corporate credit, et cetera, haven't done that poorly? >> that's a good point. but just to go back to something that larry kudlow has taught us all is that earnings are the life blood of stocks. what we're looking at right now is a situation where there's a lot of uncertainty out there. going back to what bob was saying, if this rally were taking place next week after the quarter end, i think it would feel a lot better to a lot of us. but the fact is it's got all of the characteristics of a bull trap much like the action we saw at the end of the year before the market came off in january and february. remember, that move that we saw in oil took awhile. it was not a one or two day event. it needed to be digested in the market. and once it did w

. >> let me bring in larry kudlow to react to that. it's very difficult to go against the will of the people. and this vote as close as everybody thought it was going to be, wasn't all that close. >> wasn't that close. look, with respect to mr. kempe and his organization, at best these are fanciful scenarios. at worst it's just downright misleading. the elites have done this now throughout the entire brexit campaign. britain is a democracy. the eu i might add is not a democracy. that's what this is all about. i call it magna carta 2.0. i think it's about freedom. i think ultimately it's about economic growth. and i think it's a terrific thing. it's going to take awhile to sort through. regarding these issues about the timing and so forth, look, i would like to see the toris move faster on this. i really would. they're saying party conference in september elect a new leader. i think thaw ought to get that done sooner. i wish they would. i think as soon as that trigger that the portugal treaty will be triggered. >> as soon as they get a

and i love this quote by larry kudlow. though not one in a thousand recognizes it, it is business, not consumers, that is the heart of the economy. when businesses produce profitably, they create income-producing jobs and then consumers spend. profitable firms also purchase new equipment because they need to modernize and update all their tools, structures and software. so this is a new approach. i call it -- and i'm not saying replace gdp, i'm saying it's complementary. gross output, you know how in a financial statement you have top line and bottom line. those of us in accounting, my students, my business students love this. so we have top line is and bottom line. top line is sales and revenue, bottom line is earnings. now, finally, economists have caught up -- after 900 years -- 100 years, behind the times -- have caught up with the accounting and finance professions. now we have a top line, and we have a bottom line. our top line is gross output, revenue and sales, our bottom line gdp, value added, similar to gross pro

you can join us with larry kudlow and others. back to you. >> good stuff, bob. thank you. bob pisani. wilfred frost is back in london to cover things there. what's going on, wilfred? >> reporter: the big development today, business has come out very strongly and what feels like a bit of a coordinated effort to convince voters to vote remain. richard branson, one of the bing names doing so. here's what he had to say. >> i think as far as great brittain is concerned, it would be a financial disaster. you'd see the pound collapsing. and trade being stifled and the dangers of this. the financial center of europe being in london could easily move to europe. >> he's not the only one from business backing the remain vote. ford also writing to the employees, the question, will it be north to change their minds. developments over the wechts. climbs from 80% from below 60% from about a week or ten days ago. driving that over, predominantly unity off the delay of campaigning following the tragic death of jo cox, people focused on unity and that really grew strong on the romaine side,

>> i check my politics at the door as larry kudlow knows when wint to the fed 11 years ago.what it does tell you is that themyle income groups are being squeezed in terms of a lack of job creation, a lack of the kind of income growth they're used to, a lack of return on their savings because our interest rates are so low and federal reserve policy has driven them so low. this is what it costs in return for the benefit of something else that happened which was a huge rally of financial securities in a market that i would say as others might say priced to perfection. you get an upset and then it falls apart. so this is a complicated matter. >> quick last thought, larry. >> this is important. way. to emphasize what richard is saying here. the economic model which has been used all over the world in the wake of the 2008 meltdown, what was it? heavy, heavy regulations. heavy, heavy government spending, easy, easy, low interest rates, monetary policy. may i note it doesn't work. it didn't work. it didn't literally deliver the goods, it didn't deliver wages all around the world. eu

it's lawrence of america, my friend, dear colleague larry kudlow, thanks for taking the time. >> thanks, appreciate it. >> now that the niceties out of the way, let's put the gloves on. larry, i don't feel the same way you do about low rates. and you've made it no secret that you don't think it's a good idea to raise rates. and i respect your opinion. but let's think outside the box because everything central banks have done for the last several years has been way outside the box, so maybe the solutions ought to be outside the box. my question is simple, negative rates aren't good for capitalism, larry, we all know that. if there's a recession before normalization in this country, i see two alternatives, quantitative easing or negative rates. don't any negatives of raising rates at this point disappear when you think there could be worse things than recession? >> well, look, they might. okay. i'll concede that, but let me just make a point. two quick points. number one, my view, the reason yields are so low in the u.s. and around the world is we have global stagnation, virtual global re

. >> larry kudlow said good for democracy. good for freedom. know you mentioned the negatives on the economies that we have invoked but the majority of the people there said, we have had -- listen, i covered some of the eu summit meetings in brussels. 5:00 a.m., no idea what's going on in there. you wait. there is an element of this which is the people sort of speaking out against what they're told and everybody says is the most advice and stable outcome to say to heck with it. >> in the united states, there's one message if there's one message coming from this very complicated interesting election, has been that the deal of globalization of the american worker is no longer acceptable. and the mainstream parties have to listen to that message and i think come forward with a set of policies about creating fairness and a sense of growing equality. i think that's an american obligation that should operate independent of party or ideology. >> you certainly saw both parties responding to that same impulse, absolutely, during the cycle already. thank

but larry kudlow and steve moore are spending a lot more time with him than i am but they're my closestd when they're with them, i can't add much to the conversation. charles: that's true. they're the best two out there. >> you've got it. charles: pull yourself up by the bootstraps, the ladder success. you know, we just had the ceo of dave and busters, the stock's at a all-time high right now, and he talked about how many people started there working on the burger grill and now own five or ten stores? it's just absolutely amazing. >> it's wonderful. charles: and i guess this is what we need to articulate. it doesn't matter. i listened to hillary last night, and i felt like i lived in the most unfair country in the world and the only way i could survive is if government was sending checks to my house on a biweekly basis. >> isn't it terrible, though? i don't see how she wins. i think donald trump is going to win 45 states or maybe even more. her message is just so off key right now. i mean she wants to give people who don't deserve all the freebies they're getting right now more freebies

more now from larry kudlow. layer, what do you think?rybody has a right to an impartial and fair trial, okay? a lot of republicans are kind of jumping the gun here. ethnicity is not a reason, okay, and this should not be a conclusive reason regarding a fair trial, and i think mr. trump missmoke -- misspoke on that. judge curiel has a background that it would not be a fair trial. as a member of la razza lawyer, helps la aza council members and he's against trump and all trump's border security programs and the law firm gave $675,000 to bill and hillary clinton. asking the judge to be recused would be a good approach and ask for a change of venue. >> he hasn't asked for a change of venue or done the things that you describe. he went after the judge very pointedly and very personally and you know very well, larry, that the minute you start to introduce someone being qualified or not qualified for a job based on their race, ethnicity or religious background you're beginning to go down a very serious slope, a slope on which this country was n

with us now, cnbc contributor larry kudlow and former pennsylvania governor ed rendell.s one of the guys in one of the most highly contended states, i would say, governor rendell, in the country in the general lection. let's talk mr. rendell about democratic politics. six weeks ago everybody was talking about how the republican party was fractured. it couldn't come together. it was atomized. the same is being said about the democratic party. that it is fractured. it won't coalesce f miss clinton loses in california, how bad is that going to be for repairing the democratic party? >> that would be a clear message that the sanders people have fought hard and done roarkbly well but lost. they lost the popular vote and the elected delegates. i think you it will begin the unity process coming to be. >> and would you call on him to get out if he loses california and those races? >> no. >> i'm sorry. >> no, absolutely not. he has every right to put his name in the nomination at the convention and he, in fact, in some ways he owes it to delegates. i was a delegate in '08. i wante

. >> i work for larry kudlow early on. and now that larry is -- >> no problem. >> no problem. and, you know, i think when you start some of things that he's talking about, and conversations he's having, you know, makes -- >> people this support him are saying, look, you can't do everything you want anyway. you'll have paul ryan, you'll have some -- maybe some of the stuff needs to be shaken up and -- shook up and -- >> all shook up. >> came right out of it. >> all right. >> guys, some raincoats and you can pull out the -- >> thank yo guys. >>> when we come back, climbing mount everest and snapchating all the way up. the two alpine athletes attempted to summit the highest peak without the aid of supplemental oxygen. they're in our studio with their story. that's here next. >>> check out this day in history. >>> stop doing this. welcome back to "squawk box." the nba finals tipping off last night after 9:00 p.m. ridiculous. that's great. the golden state warriors apparently playing in a championship. i haven't seen a single game. trying to repeat as champions after being down 3-1

the only thing that brings us back to 3% is supply side and growth solutions that larry kudlow alwayshat may be correct. >> if everything you stand for a antithetical to private sector solutions for things, like the president, why would he not be blamed? >> there are also a good number of people, with respect, senator, who are probably watching this morning saying, hey, the unemployment rate is low. back from the crisis, not performing as well as any of us would like. the stock market has done well. how is the america that you paint as so dreary as bad as you say when i just mentioned where unemployment is, where the stock market is and sort of other metrics you could find that don't paint that bleak of a picture. >> isn't the labor participation rate about what it was during the carter administration? how many people have given up and dropped out? i am not trying to avoid blame here, but the facts are there has been no legislation passed since the house of representatives switched in 2010, no legislation passed that barack obama wanted of any consequential. the legislation he got the

he's using larry kudlow and steve moore as economic advisors, doesn't get better than that and to mes all about economics and that's what really excites me. i'm sorry i can't answer your other question. stuart: okay. >> forgive me. stuart: when ronald reagan was elected january-- he came to office in january of 1981, the first thing he did was to cut taxes across the board and got tip o'neill to agree to it. if donald trump walks into the oval office in january of 2017 will he get the agreement of congress very quickly to do what he wants on taxes? >> yes, he will. stuart, remember, the that tip o'neill had a majority in the house, democrat, and violently opposed to ronald reagan. it's important that we got tip o'neill and held him hostage because we got all of his underlings could go with us. and then he had to. don't think he liked ronald reagan, he never did. we have the largest majority in the house since 1928. they all want to cut taxes and majority in the senate as well. when you talk about ronald reagan as i watched your earlier skit, skit, was on the book, the clinton book. i

and larry kudlow, and art lapre knows that markets want -- stability, they are not getting that.onsulting donald trump right now you are talking about bill crystal, he has marginalized himself to irrelevant. this is not, a -- i am shocked. >> lou, what does donald trump have to offer bernie sanders supporters he thinks he can call them to join the campaign, he has yet to reach out to conservative base? lou: i think without question he should reach out to the conservative base and every element of republican party as well as the democratic party. >> i have a question, would you rather see hillary clinton become the next president, and if not, what would it take for donald trump to -- >> i would like to see conservative senators, and congressmen get reelectioned to continue to control the senate, and control congress, and that what we're doing. lou: so they could continue to did the bang up job they have done. >> a lot of people fear that you knowphobes like yourself, and -- folks like yourself, are just want to see more of the status quo, people want change. >> i am not a status q

debate that and more, barney frank, former massachusetts representative and cnbc contributor and larry kudlow, cnbc contributor. welcome back, gentlemen. >> thank you. >> where do you think it's likely to go, mr. frank? >> overwhelmingly for hillary clinton with some not voting. i can't see more than a handful voting for donald trump. you have this endorsement by president obama. i think you're going to see other major figures in the democratic parties supporting hillary clinton. the fact is that on virtually every issue that bernie sanders cares about, hillary clinton is far better than donald trump. you start with the supreme court. donald trump has just affirm head'll appoint a conservative in the scalia mode. two issues. one was trying to get money diminished in politics. that requires an overturning by the supreme court what i think is terrible. it also means undoing their vetoing of the voting rights act. so from the very outset you have an absolute need to have hillary clinton elected to supreme court justice who will do that rather than what trump says. >> there were some areas, thoug