so many moving parts today, what did you ee in the marketplace starting with the data moving to j powellwith any other issues you may have noticed? >> whenever powell will speak it is a chance to be market catalyst. we did not see that today a lot of the numbers they have been in line with rates, today adp jobs number was in line allowing the story of nvidia or meta earnings to dominate the market sentiment and direction. so until powell says something we don't expect he will not be the catalyst. >> benchmark provisions, today was about taking away the 9 million handle of last month. that had some influence, what about new york community bank? they say that was the story, the big input into the buying spree just before noon eastern. >> late spring of last year we had silicon valley bank which expanded to a number of other regions. >> we have breaking news, go back to the studio. >> okay thank you very much. >> getting back to the latest chapter in the regional banking crisis. to new york community bank where it is march again and a weird feeling. >> definitely a weird feeling but there h

j. powell will not cut interest rates. >> because i don't believe that chairman powell's mother raised a did it was one of his brothers, j. powell understands if he kits interest rates -- cutting interest rate if the stipulate the economy and trait -- cuts up rates he will stimulate the economy and create more inflation. >> you know, senator kennedy, i'm keeping my house, because, hold your breath, i agree with you. on this point. [ laughter ] i am going to hang on to my house. i think you are right, too i don't think that j. powell is dumb enough for that. >> i bet you got a nice house, larry, nicer than mine. larry: zone, we'll compare -- in don't know of we'll compare some time, you can be a house guest any time you want in rural connecticut. >> i heard your house is bigger than a costco. larry: senator john kennedy, we love having you on the show, thank you so much. >> all right, coming up on kudlow, why do democrats hate israel? we'll talk about it with mississippi senator roger wicker. and why is inflation worse than you think? a new study by larry summers, we have steve forbes and

j. powell is right. but remember, on broadway, in is no such thing as a one act, play, we'll talk about this, bringing in our experts, steve moore committee t to unleash prosperity, and art laffer, former reagan economist. and art, i think that powell got it right today, it is a rorschach test, you read into it what you want. broadway shows have many actions not just one. but the fact is all of these price levels indicators goring up and i think that the fed is right, at least for the moment. why should they cut rates? what do you think? >> i don't think they should cut rates. and excuse me, i have a cold. you know what bothirded bothered me about his report he promises three cuts in future this year, this is inappropriate, these numbers are not good for inflation, looking at dollar versus bitcoin and gold it has been falling, and there is no real boom in this economy. that is where i am. larry: good, steve moore, i don't think that they should cut rates this year. inflation has not come down to 2%. and

j. powell, he dud that anyway. will be like old-times. >> you have to think joe biden's advisers must have been pulling their hair when he said, i bet they will cut, that puts fed in awkward position, if they cut it looks like they are obeying what joe biden told them to do. larry: stock market went up today. s&p hit. >> record the high. >> that is important, and other hand. inflation is not creeping down. it is creeping up. or maybe creeping. this is something that fed has to pay attention to, if you might your target of 2%, there is nothing in here that says you are meeting that target. >> if you have a core 3.8 you are almost double that target of 2%. fed looks at pc, this is cpi, we're nowhere near 2%, notes i was reading harkens back to 1970s era. that is what the fed needs to be worried about, making sure with stock market at record high, they are loose, and easy, you are not seeing credit spreads widen and traditional signals that market surge pressure -- is under pressure. it is all risk on, the eatieasing

j. powell will not cut this year. before the election. on other hand. of "wall street journal," he was saying how the fed was dovish. i was reading that word dovish from a lot. i don't think, he is keeping 2% target, that is where the rubber meets the road, all lefties want him to go to 3%. so we could hurry up and cut rates, and juice the economy to bailout joe biden. down see that. -- i don't see h. >> i don't think so that would be a shame to change it. most economists, have reiterated that 2% in the long run is where you want inflation to be. >> and what they did, they kept the long run inflation target same and moved the long run fed funds rate that will keep moving, they will keep moving that up. because what they are communicating is that it takes slightly high are high -- h higher rates to get to 2% this is a hawkish message. larry: it top add, you wipe out gas, powered cars and stick electric vehicles in that is inflationary. >> yes. larry: nothing but high are prices, for everything across the board. >> think a lot of people have been noticing

j. powell on "60 minutes" did say that the u.s. was on a fiscally unsustainable path. sonali: nikki haley is expected to end her presidential campaign. we have our bloomberg reporter here. what is expected out of her speech today? >> she's going to be backing out of this campaign. there's no path for her this was very likely and super tuesday just confirmed that. she would go into super tuesday. felt like she need to do that for her supporters. oh, here she is now. let's listen in to what gordon hayward has to say. [applause] >> when i began, i said the campaign was grounded in my love for our country. just last week, my never, a first generation immigrant got to vote for her daughter for president. only in america. i am filled with the gratitude of the outpouring of support we have received from all across the great country. but the time has now come to suspend my campaign. i said i wanted americans to have their voices heard. i have done that. i have no regrets. and although i will no longer be a candidate, i will not stop using my voice for the things i believe in.

j. powell testified before congress, did the right thing, he said, okay.d is not confident they have concurred inflation. and therefore they are not going to be in any rush to lower their target rate, which is still 5.25 to 5.5%, stock market did okay. bond rates have slipped. price of gold was stable. fed in no rush, i'll give hthem high marks, and fed governor high marks, and atlanta fed. also, go slow, fed there is no rush, don't have any election year juice, don't get political, meet your inflation targets in a couple of years we'll get this economy moving again. without inflation, because we go on the supply side. i'm kudlow we'll be back in a minute with my last word. meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for

j. powell testified before congress, did the right thing, he said, okay.ient, our inflation is above target and fed is not confident they have concurred inflation. and therefore they are not going to be in any rush to lower their target rate, which is still 5.25 to 5.5%, stock market did okay. bond rates have slipped. price of gold was stable. fed in no rush, i'll give hethem high marks, and fed governor high marks, and atlanta fed. also, go slow, fed there is no rush, don't have any election year juice, don't get political, meet your inflation targets in a couple of years we'll get this economy moving again. without inflation, because we go on the supply side. i'm kudlow we'll be back in a minute with my last word. he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me? customize and save with liberty bibberty. he doesn't even have a mustache. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ so... - we're engaged! - we're engaged! congrats carol! your youngest finally popped the question. but now, you'r

here is what j powell just said on february 4th, he was asked the question, inflation is one thing, prices are another and i wonder if there is a reason to believe people will see the prices of things decline. here is what the chairman said, so the prices of some things will decline, others will go up , we don't expect a decline in the overall price level. that does not tend to happen in economies except in very negative circumstances. he is talking about a recession. it would take a recession to get these prices down. >> we don't have to get the prices down. >> we don't? >> wages are going up. a metric that is worth knowing, that the median american household, worker -- >> let me stop you. you don't think we need to get these prices down? you don't think it is bad bacon is up 20%, chicken up 23.5%, coffee up 30%, gasoline is up for the 4%, new cars and trucks up 20% because people can afford -- that is used cars, because people can't afford a new car? they are up 24% under bidenomics , you don't think we need to get the prices down? >> wages are also up more -- >> not up 24%, not up 27%,

j join me at 7:45 a.m. eastern. we'll talk would the billion dollar donation. it's day two of jay powell'she'll speak on the senate financial committee, dan meuser is here to recap what he heard yesterday and look ahead to today. you're matching "mornings with maria" live on fox business. stay with us. (♪) (♪) (♪) (♪) i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. maria: welcome back. president biden will be delivering the state of the union adress tonight at 9:00 a.m. eastern. katie brit will deliver the gop response. the white house put out this statement saying president biden will, quote, highlight that middle class families deserve further relief from corporate greed