john carney from breitbart and david malpass.n carney, i talked to very distinguished, sire distinguished fed watcher today and said powell is wrong again. numbers haven't moved in months, 2.7 on the so-called consumer deflater. 2.2% on the -- 3.3% on core cpi and not moving in the right direction and powell was wrong and shouldn't have pushed rates down. you and i have said this a million times. will he admit it and pull back, no rate cut in december? >> cutting 50 basis points, they had no choice but to cut again and why would you have done the bigger cut and they'll try to pull back in december ask trying to say, it was new data coming in but frankly, that's a lie. data wasn't good in september and going to be bad again and it's troubling for them and looking like they cut right before the election and trump comes in and suddenly said oh, whoa, whoa, no more cuts. larry: look, it's semi-boring topic in the midst of all the trumps and i get that. david, i'll just read you. you probably know this, the core cpi has been stuck in

john carney, the bitcoin story, mr. trump made it clear during campaigning, he was crypto currency guy, as charlie gasparino reported and others, there may be a cryptocurrency czar in white house, it is possible. everyone knows he favors it. that is important. bitcoin keeps rising. there may be other reasons, i'm not sure i understand all that. but maybe you will give my wisdom, you first. >> biden administration was really antagonistic to crypto currently and bitcoin in particular, going after anyone with a business plan centered around them, this surprised people, when they ran in 20 continue they 2020. taking them out, i think has been a big relief people now are no longer looking at idea that you won't be able to trade crypto currency without getting sec down your throat. larry: gary gensler at sec was opposed to crypto currency. >> right, that was holding it back. one things we're seeing in bitcoin in stocks is really a surprise rally, people, remember we went through this before, cfo's of the world, the people tho

politics, john carney breitbart economics and finance editor.ould not say, -- they are stuck in the year-on-year change in cpi is running 2. 6%, target is 2. core, pce deflater, for 3.3% last 5 months, 3.2. they are not getting downward glide path they had before. and even three month changes, 3. 6%, on the core cpi, i don't know. you know. just goes back the jumbo rate cut in september, really? that was a terrible mistake. they should not have cut in november either. >> not in september, november did not make sense, they talked themselves in to having to do november cut like the december cut, they will probably cut in december again. they should not be doing it. they should have just waited. those numbers you cited, it went up a little bit. ze3 months now before rounding if you round it went up several -- almost rounded up to slightly higher 0.3%. larry: powell, said at his press conference he looks at core inflation you look at core pcerce deflater it topped going down. prices never go down. i keep seeing it. prices never go down. powell said

john carney breitbart economics and finance editor. and david malpass.mart guy, former president of world bank group. john carney, i am telling you i talked with a distinguished super fed watching today. he said powell is wrong again. numbers have not moved in months. 2.7 to so-called consumer deflate ir, 3.3% on core cpi. not moving in the right direction, powell is wrong, he should not have pushed rates down we have said it a million times. will he admit it, pullback with no rate cut. >> i think he has to. it, it ridiculous they backed themselves in to a corner they should not have cut in november, definite not in september but 50 basis points they had no point but to cut gain, i think they will back away from december, i will try to say, it was new data coming in. but that is a lie. the data was not that good. in september, when they did cut, they should not have cut then, they will back off. but that will be politically troubling for them. because it will look like they cut right before the election, trump comes in and suddenly they said no wow, no m

john carney, this is the fed, come on. this is a revolt of the bond vigilantes.rs gone almost up 75 basis points since the fed had the jumbo rate cu cut of 50 bass points. the fed looks like a damn fool i'm sorry they do. >> they repealed the fed rate cut, basically. and they said the market is saying to the fed, you did the wrong thing, and this isn't going to go away, larry. right now, they do think they are going to cut in november, but that december cut is going to come out of the market very soon because people will see the numbers still coming in. larry: if they cut the rate in november i know you want to be a little bit more statesman-like about that because you're advising mr. trump but the fact remains if the fed cuts again in november there's no reason bond rates won't go up more. they are feeding into inflationary expectations. we don't have a collapsing economy. we still have stubborn inflation even though it's at a slower pace the level of prices is still 20% above where it was three and a half years ago, scott. i mean, the fed should acknowledge tha

we have john carney and taylor riggs on all of that in just a moment.s if senator and concern plus senator and bitcoin minor ted cruz from the great state of texas waiting in the wings. first up, we have our bitcoin leader, edward lawrence, live at the white house are -- with some big news on the trump transition. edward, what's cooking? >> reporter:l disclosure, i have no bitcoin, larry. [laughter] so i can tell you, you know, after spending two two days on capitol hill meeting with senators, former representative matt bathes has now withdrawn his application -- matt gaetz -- for attorney general. president trump wants him to run doj, but he's taken that off. the president-elect saying on truth social he said he appreciated the efforts by matt gaetz and p ultimately, gaetz did not want to be a distraction for the administration. we're seeing a lot of reaction from senators. listen. >> this is very respectful, for him to make that decision, i think. thinking with all of the, you know, we're all thinking about the administration coming in. we want to be

we'll talk a bit about it with great pal bright bart's john carney. catch kudlow monday through friday at 4:00 p.m. on fabulous fox business. for some reason can't get us at 4:00, please, just text favorite 9-year-old and she will show you how to dvr the show. and you'll never miss a thing. i'm kudlow. we'll be right back. (sneeze) (hooves approaching) not again. your cold is coming! your cold is coming! thanks...revere. we really need to keep zicam in the house. only if you want to shorten your cold! when you feel a cold coming, shorten it with zicam (revere: hyah) patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf. let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-hom

larry: coming up, we'll ask art laffer and john carney next up and catch kudlow monday through friday00 p.m. here on fabulous fox business. for some reason you can't get us at 4:00, just text your favorite 9-year-old and she will show you how to dvr the show. you'll never miss a thing. i'm kudlow. be right back.the ♪ will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com. your memory is an amazing thing, but sometimes it can start to slow down. but did you know prevagen can help keep your memory sharp? the secret is the powerful ingredient, apoaequorin, originally discovered in jellyfish and found only in prevagen. in a clinical study, prevagen was shown to improve memory in subgroups of individuals who were cognitively normal or mildly impaired. stay sharp and improve your memory with prevag

steve forbes and bright bart's john carney will be weighing in on all that in just a memhet onset and first, edward lawrence is live from the white house with all the exciting details. edward. reporter: very exciting details, david. yeah, president elect trump has been no fan of the federal reserve during his first term at times during that term. he has come out and said actually in the campaign that he would not reappoint fed chairman jay powell to a second term. since getting the nod from voters, i reached out to the campaign but have not heard back about if this feeling over the current fed chairman have changed. the fed reserve chairman is not interested in gauging about his own future. listen to this. >> if he asked you to leave, would you go? >> no. >> can you follow up on that? legally you're not required to leave? >> no. reporter: he believes congress is who he answers to and pollings refused to talk about any new policies that might be coming because of president elected trump. >> in the near term, the election has no effects on the policy decision and here we don't know the

we'll talk about all that with charlie gasparino and breitbart john carney and remember folks you can catch kudlow monday through friday at 4:00 p.m. everyday right here on fabulous fox business. if for some reason you can't make it at 4:00 please text your favorite 9-year-old and she will show you how to dvr the show and you'll never miss a new trump populous coalition. how about that? s that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. larry: kamala harris delivering her concession speech from howard university in washington d.c. let's take a listen. >> good afternoon, good afternoon. >> [applause] >> [cheers and applause] >> [chanting usa] >> good afternoon, everyone, good afternoon. good afternoon. >> [applause] >> thank you, all. thank you, thank you. thank you. thank you. so, let me say, and i love you back. >> [applause] >> i love you back. so let me say, my heart is full tod

john carney joins us. walk us through this inquiry here. why now? what are they looking into? hn: well, there are a number of factors involved. as my colleagues report. one is, microsoft is a major government contractor including with the defense department. and the other is, in the minds of the ftc, the crowdstrike failure of earlier this year. july. that of course affected entities, companies, individuals , organizations all over the world. everything from airports to doctors offices. crowdstrike of course was carried on the windows operating system. so it demonstrated to everyone, at least in the government, that windows might be vulnerable. so this marks the finale probably for lina khan, the ftc chair who has had pursuit of a very vigorous antitrust campaign . the most aggressive in washington's recent memory. kriti: it's fascinating that you are talking about this. it feels like so much of this last-minute ire from the ftc and biden administration is being rushed through ahead of president-elect. walk us through that dynamic when antitrust has been a bipartisan issue in w

larry: other thing to raise, we talked about with john carney. i want to raise it with you chaps.eserve board which prides itself on being independent. independent fed, blah, blah, blah, turns out, this was released by a left of center web site. the 91% of the fed's donations, individual donations went to democrats. 91%. now, my first question is, how does that make it an independent central bank, sounds like a liberal democratic central bank. >> i thing largely purged it of anyone that takes more supply side or capitalist perspective on the economy, they have only hired in at career level, those who fully align with a neokeynesian view of the economy. if you have a top down, then those are people are only donating to democrats, you get an echo chamber of a fed, no one else is bringing in alternative points of view on the economy that is why they failed. larry: steve moore, to take it one more step. j. powell was a republican appointee, then's democrat appointee, republican appointees on board of governors this is whole fed staff in washington it may be reserve banks out in countr

john carney is here. dawn buckingham, the doctor and texas land commissioner here on here to aid and deportation effort under incoming president donald trump. top of the hour. >> see ya. kids across america are going to school hungry. millions of kids every day. hungry kids get sick more often and can struggle in school. it can be harder for them to focus and learn. but one simple thing can help change all of this for a hungry child in america. good, healthy food and the energy it brings. with help from caring people across america, no kid hungry is providing healthy meals and hope to hungry kids so they can build better futures. we want to ensure that all of our kids have healthy meals every day. thank you. thank you for helping feed our kids. to learn more about ending child hunger in america go to helpnokidhungry.org today. customize and save with liberty mutual. customize and sa— (balloon doug pops & deflates) and then i wake up. is limu with you in all your dreams? oh, yeah. only pay for what you nee

charlie hurt is joining me now and washington time opinions editor and john carney, breitbart economics and finance editor and coauthor of breitbart business digest and batya ungar sargon is joining us. business folks have seen this before. they had a term with trump and saw him threaten with tariffs and what former chrysler ceo bob nanardeli said about it e earlir today. roll tape. >> went through this once before with the president, social security a negotiating tool and not a policy. it's a initiative that will get their attention and hopefully stop this invasion that we've incurred over the last four years that has just been devastating to our society. david: tevin it causes some inconvenience for folks, the goal is worth it. >> yeah, and not only have people lived through this before, but the entire campaign donald trump was talking about all these things and the reason i think that he won the election is because he was talking about common sense solutions to very real problems that affect people in their personal lyes and people said, you know what, i get all of the hysteria about

tuberville, senator in the show as well as 25-point basis cut, and we're going to unpack that with john carney democrats' blame and shaming game. i'm here for it. i've got a bunch of straws ready to drink it up. and then lisa bootheen on women who -- booth on women who don't like trump have lost their minds, are shaving their heads. it is a psychotic disorder, top of the our. -- hour. ♪ your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situ

hilary vaughn thank you very much joining me now is probably her opinion fox news contributor and john carneymics and finance editor and co-author business digest and author second-class everybody is running up storm is a lot to write about charlie first of all the markets are not freaking out about this topic tariffs no respectability but they were all of the embassies up business folks have tina. charlie: good determines from they saw him threaten tariffs former chrysler ceo said about it earlier today roll the tape. >> with you this once before, the president and it is a negotiating tool, and it is not a policy is an initiative come of them get their attention and hopefully stop this invasion that we've incurred over the last four years that is just been devastating to our society sue and even if it does cause some inconvenience for the folks, the goal is worth it. charlie: not only a people lived through before, but the entire campaign donald trump is talking about all these things, and the reason that i think that he won the election, is because he was talking about common sense solution