but david pa malpass. illegal immigrants to extent they work there are disputes about how many of them work we're paying a impeac fortune in housing and food and welfare and healthcare. housing prices have been driven up, prices on all sectors are driven up by immigrants that are not working. to the extent they work they have displaced native american jobs, i don't understand how swagel in his position as director of cbo, i bet there will be a lot of comment and criticism about this he says, this flood of illegals was a blessing. we don't understand it. i don't know that is was a blessing. i i don't think that is anyway to run a railroad, and if you want immigration, as steve said, let's have merit-based system for legal immigration. period. end of sentence, what do you think mr. malpass? >> he was not measures per cap dark if you think about this, that as there is more workers but doing the same amount of work, you will get less wages that is what we saw, that is what we see in projections, one thing this

david malpass, thank you.on "kudlow," trump's platform issues will decide this election. and, folks are wondering, who is his vice president going to be? well, rich lowery, alex marlow, kim strassel will all weigh in when "kudlow" returns. y limit i♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. everywhere but the seat. the seat is leather. alan, we get it. you love your bike. we do, too. that's why we're america's number-one motorcycle insurer. but do you have to wedge it into everything? what? i don't do tha

we thank scott and we thank david malpass for coming around.ing up, folks, is trump pivoting to kamala from biden? we'll ask kellyanne conway about that. the big trump pivot on set. right up. i'm kudlow. more electricity for south carolina. drill, baby, drill. that's fabulous. ♪. (marci) so, how long have you lived here? (opponent) over forty years. (marci) and how are the restaurants around here? are they good, bad, meh? what's the average household income? is there a mall? i don't know. a hair salon? where do you get your hair done? (opponent) you gonna move, or what? (marci) oh, i'm sorry. it's a lovely neighborhood. (luke) marci, we've gotta go. (marci) i'm coming! (luke) we've got seventeen thousand more parks to visit. (marci) you wanna give me a hand? (luke) we bring you the best neighborhood info. (vo) ding dong! homes-dot-com. [water flowing] [water flowing] [phone dings] oh my god. what? the host is coming back. (♪) [birds chirping] [phone dings] meanwhile, at a vrbo... oh my god. what? i got onekeycash on this house. hmm... [water fl

joining me now david malpass.t of world bank group, we're looking for scott let's play sound from ms. harris on campaign trail. >> donald trump and his extreme allies top take our nation back to failed trickle down economic policies. back to union busting. back to tax breaks for billionaires. >> all right failed trickle down policies, unions, i forgot the third one. failed trickle down policy david malpass? you are former ur y under secretary of the treasury. in all seriousness. we were involved in the tax cut, was they failed trickle down policies. >> they were not, median income went up, workers did well there was more manufacturing that is core of policy, you have to have a growth mind set, i think that what the current economy is doing elitist mindset, not benefiting anyone within the economy. and as you look at thing that concerns me is forecast for biden-harris economic plan. cbo put out new numbers in june growth in 2025 falling to 2%. and then down from there, 1.8%. that is not enough to benefit people in

we will also speak to david malpass, the former world bank president.berg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> the policy changes that could come in in the first six months alone of next year are probably the greatest i've ever seen. >> if we get increased geopolitical risk, it will come with a slowing economy. >> markets cannot risk the idea there will be some sort of seismic swing, and over the past two cycles, it has not happened. >>

you know david malpass? so we've been doing this kind of as an interview process, so if you wouldn't mind, i'd just like to ask you a few questions. you -- by the way, i believe the three greatest senators that we have in the united states senate are mike lee, rand paul and ted cruz. don't you agree with that? those guys are really believe in limited government. do you agree on the other two? >> they're dear friend of mine, but you always have to leave at least one slot open, because there are 999 others -- 99 others whose -- [laughter] >> that is true. are you hopeful when you look at a second trump term, we've been talking a lot about the amazing things donald trump did in his first term. can he get it done? are we going to hold the senate? will the congress follow his lead? >> look, i'm hopeful. on the upside, i think there's an enormous amount of upside. and it depends, obviously, on the presidential, but it also depends if on the senate and the house. we've got to win them both. the senate is a very fav

trump and harris debate the next debate and david malpass ahead of treasury refunding next week. we begin with our top story the green rotation gathering some momentum. the nasdaq starting down a third week of losses with the russell looking to make it three weeks of gains. ben writing this is the long-awaited bullish rotation and markets not the standard broad correction, this is key to the sustainability of the bull market. let's get there. first of all as we stared down a third week of losses. tell me what you look at to distinguish between something bad and something good when you see price action like this. >> the tectonic plates of this bull market are shifting. that's unleashing some tremors but that's a rotation not a selloff. the equal weight s&p is up over the last few weeks even as you mentioned big tech is in this fairly significant correction. i think this is emblematic of what's coming. markets are looking at the assets which are more sensitive to the economic soft landing in interest rate cuts. small caps is the canary in the coal mine. it's why -- it's also a remi