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good to see you, tom, tom lied good friend at "the claman countdown."us. we'll see you tomorrow. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so last week the epa proposed a rule that would totally reverse a trump decision on water permitting projects. this is dear to my heart because we in the nec worked hard on something called section 401 of the clean water which under donald trump's direction put a huge priority on fast tracking major energy projects. we did the same thing on an even broader scale regarding

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we at our team, "claman countdown," we started to look into the.cal school graduate that that she has nearly half a million in student debt, worries she won't be able to pay rent to mounting costs. i mean, joe biden, obviously, has erased, says he wants to erase 10,000 worth of debt for a group of people. there are certain metrics. you can't just be some wealthy lawyer who's making a ton of money and suddenly you get all your debt erased. what do you think of this? is this the right thing to do? >> debt cancellation, yeah, i have supported $10,000 of debt cancellation. i think if you look at who most benefits from that, it's typically the lower income kids, the first generation kids, the kids that didn't go to good schools, for-profit schools or weak schools, they didn't complete a degree or got a degree that wasn't worth anything. so those are proportionally the ones you're going to help. you're going to wipe out most of the debt of that cohort of students. yes, wealthier borrowers will benefit, yes. you could means test it, but the problem is wit

and in new york, liz claman, host of "the claman countdown" on fox business network weekdays at 3 easternmost of the media praising in the because, however it came off a, most journalists and pundits agree with the message, the riot was donald trump's fault and he is guilty of inciting an insurrection? >> i think that's true, howie. that's why the media is leaning into this so hard. frankly, i think the real question is, does this hearing work? and from a legal perspective, i think as jonathan turley has notedded, it really doesn't work because they weren't able to find some way of getting at president trump, at former president trump in a way that would, you know, prevent him potentially from running for president again. they haven't proven that legal case. so does it work as a politics? i don't really think it does either, and one of the reasons is, this had so little new information. most of this the had been leaked in advance. and even as tv the, whether you think it's propaganda da or whether you think it's a show, i don't think that it actually changes the minds of any of american p

that will do it for the "claman countdown.", folks, welcome to "kudlow," i'm larry kudlow. so, joe biden spoke to the afl-cio today in philadelphia. i hate to oversimplify but let me play you some sound that i think captures the thrust of his speech. please take a listen. president biden: i don't want to hear anymore lies about reckless spending. we're changing peoples lives! larry: there you have it. with all due respect, mr. president, you did engag

that will do it for "the claman countdown." "kudlow" is next. ♪.welcome to "kudlow." i'm larry kudlow. well, there he goes again. here's president biden complaining about oil companies not refining enough gasoline. take a listen, please. president biden: they have 9,000 leases 9,000 leases on public lands. they should be use it or lose it. they have cut back on refining, on refining. they say they don't want to be caught in the position, they don't want to be stuck. i want explanation for them as why they are not refining mor

by the way, one with of the best to help you through that, liz claman. she's here. liz: thank you so much, charles. good news on jobs, bad nudes for stocks and bonds. take a look at markets after the strong may employment report convinces investors that interest rate hikes are clearly in the federal reserve's crosshairs. we've got the dow jones industrials down 263, the s&p down 57 points. it's the nasdaq that's the real loss leader, down 2 the 82 points concern 282 points. no need to wait for jerome powell, the 10-year treasury yield already has a jump on things when it comes to rising rates. as soon as the jobs report hit the tape the, we've got it at 2.957%. before the markets opened the yield was around the 2 the.93%, so that really shows you the spike that we've seen. but a strong jobs report is not swaying tesla's ceo elon musk. the ev maker's stock drop thing on news musk is cutting 10% of his head count at tesla as he has a, quote, super bad feeling about economy. we're about to get you the accuweather real-feel temperature the gauge of the jobs market live

liz claman, i'm buckled up, last hour's going to be a doozy. liz: yeah. there's no breather in this final hour, charles, none at all. you guys see exactly what's going on. they came, they saw and they are fleeing. we're talking about the bulls, because at a its low of the session, the dow swooned nearly 900 points after inflation hit a 40-year high. right now the dow is lower but just by 618, and i say just considering where we've been, but the damage the is done after consumer prices in may surged higher than expected driven in great part by a sharp prize, you guessed it, in energy prices. but technology has been hit particularly hard at this hour. the nasdaq down earlier more than 3.5%. right now we're down 2.7%, a lot of 321 points. with inflation scalding hot, investors are now bracing for a federal reserve willing to risk recession by speeding up its timetable for interest rate hikes. the 2-year treasury rate -- this is the most sensitive to interest rate hikes -- spiking above 3% at this hour to the highest level since 2008. we we did mention tech t

liz claman, back to the last hours of trading, buckle up and hope for the best. white knuckle i think is what we will call it. >> liz: i'm sweating already. >> charles: yeah. >> liz: thank you, charles. >> charles: you got it. >> liz: we have folks a full-fledged fed freakout hitting wall street at this hour after friday's worries over the red hot may consumer inflation number carried across the weekend and all the way into the final hour of trade. could stubbornly high prices push the federal reserve to jack up rates wednesday more than 50 basis point projection? we will look at the wall street fear gauge, volatility index through the roof, up 19% right now at 33. it is up 88% year to date. a lot of concern about what is to come. you want to see concern? look at the dow, s&p, and the nasdaq. they are all looking at four straight days of losses. you've got the dow jones industrials down 756, low of the session, loss of 899. s&p down 128. the nasdaq down 461. you can see where the russell and the transports are. but within this picture, here's the most specific po

p that's it for "the claman countdown". larry kudlow is now. ♪.: hello, folks, welcome to "kudlow," i'm larry kudlow. so all eyes on the fed today and they raised their target rate by 75 basis points as everyone expected because they leaked it to "the wall street journal" on monday but here's the worst economic news today by far, retail sales unexpectedly fell, okay? they just dropped. the gdp tracker from the atlanta fed for the second quarter is now 0.0%. remember,

liz claman knows what i'm talking about. liz: professor! i love it.h a cloudy backdrop of microsoft's warning, and a wide miss in private jobs creation for may, sunny skies just got brighter. folks, we just hit a fresh session high moments ago for the dow and nasdaq, we have the s&p rather, the dow session high, a gain of 308 points we're off it right now but still, a strong move here. moments ago, we started to see all of this move but the fed heads have been fanning out all day and yesterday right here on this show to send a message. no jamie dimon-style economic

liz claman, over to you. liz: yeah, how about these markets? i have a song. i have an analogy. charles: i'm ready. liz: up down, they're like the rubber band man. charles: you can't go wrong with the spinners. liz: charles thank you very much the clock is running, those are the exact words fed chair jay powell is using today to say that reducing inflation is paramount but worries about a hawkish fed have market players undecided if i big rate move at the end of next month could tip the economy into a recession so that's investors playing it close to the vest in a volatile session ahead of tomorrows core pce report. that's the fed's favorite inflation indicator. oil and nat gas flipping rate in the session but the push for alternative energy still full speed ahead. we will speak to the ceo of solar panel company sun run about how business is faring, and you've gotta see this. it's shocking deal with ford to power your house with a ford f-150 lightning pick-up. it's a fox business exclusive. plus, high gasoline prices lighting a fire under rv sales. not in the market for an rv? h

liz claman? liz: i was always running to our world book. we had a set of world books.sure. charles: you couldn't tell us anything we were the smartest kids on the block. liz: [laughter] i know charles can i quote a meatloaf song? two out of three ain't bad. how about that? charles: ♪ two out of three ain't bad ♪ liz: sing it my friend. that gives the bulls their second win out of the last three sections, big tech stocks rally ing as treasury yields fall to a two-week low. airline stocks, under pressure. flight tracking company flight aware's misery map is sh

liz claman, no market but i'm sure you'll get us all setup for tomorrow. can't wait.e is so much breaking news as you know, charles thank you very much. we've got this breaking news could a pause on the federal gasoline tax be imminent? president joe biden telling reporters on the beach in delaware that a decision could come bias soon as the end of the week. the entire energy complex hit with major headlines at this hour. is liquid natural gold natural gas? the new gold. overnight prices in europe go parabolic as conoco phillips announces a 27-year long deal with the country at the forefront of lng. and jet fuel prices plus labor

liz claman, over to you. liz: yeah, i know, it is the question, can you do it. with oops to lady gaga, markets are on on the edge. not sure if it's the edge of glory as we head into the final week of the week and the quarter and the first half of the year. markets though right now, well- off session lows, at its worst point the dow was diving 600 points we've got it down 279 right now, the nasdaq had been down 327, it's lower by 136 at the moment. no

liz claman, over to you. liz: yeah, how about these markets? i have a song. i have an analogy. liz: up down, they're like the rubber band man. charles: you can't go wrong with the spinners. liz: charles thank you very much the clock is running, those are the exact words fed chair jay powell is using today to say that reducing inflation is paramount but worries about a hawkish fed have market players undecided if i big rate move at the end of next month could tip the economy into a rec

hanging on for dear life but the great news, you've got the best to hold you for the next hour, liz clamanto serve man. liz: oh, wait a minute. it's not exactly to serve man it's actually serve man. yeah, the twilight zone fans we know all of you are out there. charles i think you're right, it's in part wall street's top cop just proposed changes to the way stocks are traded, by everyone, from the retail reddit rebels to wall street. securities and exchange commission chair gary gensler rolling out a list of rules he seriously is thinking about to even the trading battlefield, he says and those rules could upend the business models of some major trading platforms. we've got team fox business standing by live with instant analysis. and yes, the markets are sinking this hour in yet another

liz claman, over to you. berries cereal and picks them all out? charles: [laughter] liz: i didn't do anything. what? [laughter] i'm the one, good to see , hey charles, hot fun in the summer stock market, right? investors celebrating the first day of summer with a powerful rally, markets are on the move look at the dow up 733 points right now, following the three- day weekend and remember, you guys, we are coming off total market losses just last week alone

liz claman knows what i'm talking about. liz: professor! i love it. charles thank you and you know what's amazing i think? even with a cloudy backdrop of microsoft's warning, and a wide miss in private jobs creation for may, sunny skies just got brighter. folks, we just hit a fresh session high moments ago for the dow and nasdaq, we have the s&p rather, the dow session high, a gain of 308 points we're off it right now but still, a strong move here. moments ago, we started to see all of this move but the fed heads have been fanning out all day and yesterday right here on this show to send a message. no jamie dimon-style economic hurricanes or surprises, at the next two interest rate setting meetings but like the jpmorgan ceo two of cryptos biggest cheerleaders also warning of a weather event and cutting jobs ahead of it. the billionaire winklevoss broth ers calling for a crypto winter we'll tell you how they are bat oning down the hatches at their crypto trading hub gemini trust. and doing the auto giant just announced thousands more jobs, what will th

liz claman, over to you. liz: we just hit session highs, charles. charles: that's me.oaf with who out of three ain't bad, do you want a new one? if. charles: yeah. liz: bill withers' lovely day. [laughter] charles: you never can go wrong with that one. liz: as i said, we just hit session highs. dow, nasdaq, season looking to notch their first weekly gain in four as investors believe maybe, just maybe the fed's interest rate hikes are already starting to work? could that mean the fed can take the its foot off the rate

we know the last hour of trading is the most exciting hour of trading and you have the best, liz clamanf news at this hour. thank you very much. marketed session highs on two major headlines. president biden calling for a gas tax holiday and the federal reserve chair say he'll raise in rates until inflation is dead. the session has not been straight up, the dow, the s&p and nasdaq opening higher but the bulls just 32 minutes into the trading session. that's no small feat with crude and oil refining stocks are stumbling

liz claman, over to you. liz: yeah, i know, it is the question, can you do it. well maybe, charles we're looking at the markets here with oops to lady gaga, markets are on on the edge. not sure if it's the edge of glory as we head into the final week of the week and the quarter and the first half of the year. markets though right now, well- off session lows, at its worst point the dow was diving 600 points we've got it down 279 right now, the nasdaq had been down 327, it's lower by 136 at the moment. now those lows came this morning when the fed's key inflation gauge came in slightly cooler than expected but still elevated investors are buttoning up their quarterly portfolios before many head out for the three-day july 4th weekend you know about this guys, cancellation chaos is causing havoc at u.s. airports, and at heath row in london, but fliers are now hopping on an alternative in the biggest numbers in years. the wheels up ceo is here to talk about the sonic boom in private jet travel as a fox business exclusive and the company that says it can cut america's

speaking of which, liz claman has all the information because she's been working at this for so long.can we get an extra kick into the close? >> liz: i don't know. i mean, you know, when you look at where we were just a few hours ago and where we are, it just adds to the confusion that investors and traders have, not just hour to hour, minute to minute, almost; right, charles? >> charles: absolutely. >> liz: yeah, charles, a question, have you ever sent a text to the wrong person and then you're like oh i need that back? >> charles: all the time. they call me thumbs, okay? [laughter] >> liz: all right, thumbs, well you want to hear this because apple just unveiled a new feature that lets you edit text messages after you press send. it is just one of the new

wants to help, really wants to do their job, stop making consulting videos and do their job, liz clamanoing mine right now. thank you very much, charles. we do have markets facing shift ing wins on this first trading day of june. economic data and a gloomy economic forecast from one of the nations top bankers has the major averages in red. from a percentage standpoint it's not the worst thing in the world but the dow, s&p, the russel all opened higher now looking at two straight days of losses with the dow down 121, s&p down by 17, the nasdaq los ing 31 points. june 1 also marks the official start of hurricane

fortunately for you ashley webster is in for liz claman.st hour, ashley. ashley: as it is, everyday, thank you very much, charles great show. charles: you got it. ashley: big questions on wall street, of course, as the fed opens its two-day meeting today, markets in decisive after yesterday's massive sell-off, but are heading lower, modestly so. the dow, s&p, and the nasdaq at session lows right now, ahead of that central bank's rate hike decision tomorrow. we'll get into that. so the question is, will the fed jackup rates by 75 basis points now? is a recession really underway? are mass layoffs for american workers on the horizon? so many qst

liz claman, back to the last hours of trading, buckle up and hope for the best.>> liz: i'm sweating already. >> charles: yeah. >> liz: thank you, charles. >> charles: you got it. >> liz: we have folks a full-fledged fed freakout hitting wall street at this hour after friday's worries over the red hot may consumer inflation number carried across the weekend and all the way into the final hour of trade. could stubbornly high prices push the federal reserve to jack up rates wednesday more than 50 basis point projection? we will look at the wall street fear gauge, volatility index through the roof, up 19% right now at 33. it is up 88% year to date. a lot of concern about what is to come. you want to see concern? look at the dow, s&p, and

well, liz claman, looking a little better we climbed off the canvass twice today and i think that's aes bobbing back and forth all day, right, charles? charles: yeah, they are showing a little spunking. liz: but they are also teasing both the bulls and the bears with these choppy moves. yeah, the major averages cling ing between gains and losses right now, with gains as investors try to decipher how sky high inflation will pressure or help because it can in some cases organizations big and small, and their stocks. look at the dow jones industrial up 146, s&p better by 22, let's mark the nasdaq up 62 that's a gain of a half a percent and a small and mid cap russel up 19 points after yet another warning from target sent retail stocks stumbling right out of the gate. target's new

by the way, one with of the best to help you through that, liz claman. she's here.d bonds. take a look at markets after the strong may employment report convinces investors that interest rate hikes are clearly in the federal reserve's crosshairs. we've got the dow jones industrials down 263, the s&p down 57 points. it's the nasdaq that's the real loss leader, down 2 the 82 points concern 282 points. no need to wait for jerome powell, the 10-year treasury yield already has a jump on things when it comes to rising

well, liz claman, looking a little better we climbed off the canvass twice today and i think that's a good sign. liz: it's kind of interesting we've got all four major indices bobbing back and forth all day, right, charles? charles: yeah, they are showing a little spunking. liz: but they are also teasing both the bulls and the bears with these choppy moves. yeah, the major averages cling ing between gains and losses right now, with gains as investors try to decipher how sky high inflation will pressure or help because it can in some cases organizations big and small, and their stocks. look at the dow jones industrial up 146, s&p better by 22, let's mark the nasdaq up 62 that's a gain of a half a percent and a small and mid cap russel up 19 points after yet another warning from target sent retail stocks stumbling right out of the gate. target's new colliding with treasury secretary janet yellen today in the senate hot seat. senators demanding to know why she incorrectly believed inflation would only be temporary. as she blamed shocks from the ukraine war and of course the global pandem

hanging on for dear life but the great news, you've got the best to hold you for the next hour, liz claman is here and we're all buckled up, liz. liz: to serve man. charles: to serve man. liz: oh, wait a minute. it's not exactly to serve man it's actually serve man. yeah, the twilight zone fans we know all of you are out there. charles i think you're right, it's in part wall street's top cop just proposed changes to the way stocks are traded, by everyone, from the retail reddit rebels to wall street. securities and exchange commission chair gary gensler rolling out a list of rules he seriously is thinking about to even the trading battlefield, he says and those rules could upend the business models of some major trading platforms. we've got team fox business standing by live with instant analysis. and yes, the markets are sinking this hour in yet another choppy trading session. the nasdaq already gave up its earlier gains of 60 points right now down 95 points, the big loser here is the s&p, down about 1% here, down 47 points although you could argue the russel and the dow transport s are g

big time but for next hour i can't think of anyone better to guide you through this market than liz claman. she's got your back. liz: isn't that true? you look at the red on the screen you've got to figure wall street is playing it so close to the vest in this final hour as yes, traders await that key inflation number, out tomorrow. the may consumer price index, this gives us an indication of inflation at the consumer level. it could confirm further easing, hopefully, if sky high inflation has driven prices of goods and services dramatically higher, or it could be so high, the barn- burner charles just talked about it could force the federal reserve to be move aggressive, in hiking interest rates. adding to investor anxiety at this hour, rule changes, securities and exchange commission commission chair gary gensler proposed yesterday regarding how americans trade stocks. how might these proposed changes effect not just the retail investor but hedge funds? many of which are getting a bitter dose of fairness already from the market sell-off. as some of the biggest report billions in losses f

liz claman, i'm buckled up, last hour's going to be a doozy. liz: yeah.ee exactly what's going on. they came, they saw and they are fleeing. we're talking about the bulls, because at a its low of the session, the dow swooned nearly 900 points after inflation hit a 40-year high. right now the dow is lower but just by 618, and i say just considering where we've been, but the damage the is done after consumer prices in may surged higher than expected driven in great part by a sharp prize, you guessed it, in energy prices. but technology has been hit

wants to help, really wants to do their job, stop making consulting videos and do their job, liz claman, over to you. liz: well, you did your job i'm doing mine right now. thank you very much, charles. we do have markets facing shift ing wins on this first trading day of june. economic data and a gloomy economic forecast from one of the nations top bankers has the major averages in red. from a percentage standpoint it's not the worst thing in the world but the dow, s&p, the russel all opened higher now looking at two straight days of losses with the dow down 121, s&p down by 17, the nasdaq los ing 31 points. june 1 also marks the official start of hurricane season, and jpmorgan chase ceo jamie dimon is bat oning down the hatches at his megabank, warning investors to brace themselves for a potential super store sandy to hit the economy. this as the federal reserve faces its own official started to. the central bank begins quantitative tightening, the shrinking of its massive balance sheet which ballooned during the pandemic as the fed works to stimulate the flailing economy. in a fox bus

liz claman? liz: i was always running to our world book. we had a set of world books. charles: we had the encyclopedia s. liz: sure. charles: you couldn't tell us anything we were the smartest kids on the block. liz: [laughter] i know charles can i quote a meatloaf song? two out of three ain't bad. how about that? charles: ♪ two out of three ain't bad ♪ liz: sing it my friend. that gives the bulls their second win out of the last three sections, big tech stocks rally ing as treasury yields fall to a two-week low. airline stocks, under pressure. flight tracking company flight aware's misery map is showing literally thousands of flights have been canceled today , alone, with newark liberty international the biggest defender and if you think that's bad, united airlines is cutting dozens of daily flights at one major hub, starting july 1. right in the heart of the prime summer travel season. just yesterday, citigroup analyst steven trent united at a buy, how about today? well trent is here, on his call, plus, we'll ask him which airline he thinks could be about to make the

liz claman, over to you. >> liz: crazy pills, i know, sometimes, listen all of them, everybody, and then father's day. >> charles: thanks a lot. >> liz: hey, everybody, i call you my children of the corn; right? we're only halfway through the month. and we're about to show you how cruel june has been to the markets. while the bulls are in fighting form this friday, the bears are brandishing the weekly trophy with the s&p and the nasdaq down 10 of the last 11 weeks. we are bringing in wall street legend bob doll. he is here to tell you if the market has finally found a bottom.

liz claman, golly, i could just imagine this last 60 minutes. liz: [laughter] yeah exactly, not tonight how about not right now we have headaches. charles, let's take it, we're going to wrap our arms around this hour, central banks around the world are sending investors running for cover, and we are just off session lows that were hit as charles was saying goodbye to those viewers joining him in that hour. i hope you were staying along with us. yesterday's rally, of course that is gone, after fed chair jerome powell hiked interest rates the most since we've seen since 1994. the dow now trading below 30,000 , as fears grow that a recession lies dead-ahead. our floor show traders are here along with former atlanta fed president dennis lockhart, on when recession is a certainty if we're in it right now, or if powell & company have the tools to bring the economy in for a soft landing. and as traders disappear from the floor of the new york stock exchange, it's going all in on open outcry. ceo of cibo, the former chicago board exchange, ed kelly is h

big time but for next hour i can't think of anyone better to guide you through this market than liz claman liz: isn't that true? you look at the red on the screen you've got to figure wall street is playing it so close to the vest in this final hour as yes, traders await that key inflation number, out tomorrow. the may consumer price index, this gives us an indication of inflation at the consumer level. it could confirm further easing, hopefully, if sky high inflation has driven prices of goods and services dramatically higher, or it could be so high, the barn- burner charles just talked about it could force the federal reserve to be move aggressive, in hiking interest rates. adding to investor anxiety at this hour, rule changes, securities and exchange commission commission chair gary gensler proposed yesterday regarding how americans trade stocks. how might these proposed changes effect not just the retail investor but

liz claman, over to you. liz: am i'll the only one who opens the red berries cereal and picks them all out? charles: [laughter] liz: i didn't do anything. what? [laughter] i'm the one, good to see , hey charles, hot fun in the summer stock market, right? investors celebrating the first day of summer with a powerful rally, markets are on the move look at the dow up 733 points right now, following the three- day weekend and remember, you guys, we are coming off total market losses just last week alone of $2.5 trillion. now, while the sunshines on the markets there's a sudden chill in the air swirling around the housing market. we're going to show you the latest signs and bring in the ceo of realtor giant remax, here on a fox business exclusive to tell us which regions are starting to see some actual froth and what it means for both buyers and sellers. plus, the company whose knew battery may signal the end of range anxiety. we've got the startup teaming up with bmw to implant an electric vehicle battery that ge

liz claman, golly, i could just imagine this last 60 minutes. right now we have headaches. charles, let's take it, we're going to wrap our arms around this hour, central banks around the world are sending investors running for cover, and we are just off session lows that were hit as charles was saying goodbye to those viewers joining him in that hour. i hope you were staying along with us. yesterday's rally, of course that is gone, after fed chair jerome powell hiked interest rates the most since we've seen since 1994. the dow now trading below 30,000 , as fears grow that a ress