john carney, market up 700 today, bond rates fell a little bit. fabulous cpi number, but, problem, i like to look at actual facts, rather than wall street gossip, i know it is not 9% inflation i look at 12 month change, all items 2.9. help me out. the fed's target is 2. then, taking out food and energy which is stupid, but for so-called core that is 3.2 for last 12 months above fed's 2% targets, three month dhairve changes are worse. i am arguing that fed should take winter off, spring off, go south, go fishing, whatever they do, don't go to california. and wait until mr. trump's big beautiful single tax cut energy border bill goes through. before the fed does anything. whatever the fed will do, they will screw it up, i mean that sincerely. >> you are right, their preemptive strike cuts rate was a disaster, inflation is not coming town, cleave cleveland fed. they have not moved. the trimmed means 3.3, been there forever. those are not coming down, those are signs of underlying inflation. there is no decline in underlying inflation, we get month-to

steve forbes, john carney, taylor riggs. brenberg and jackie deangeles, big money show weekdays 1:00 p.m. here on fabulous fox business. thanks to all of you, the fed should do nothing. have a shock and awe tariff. coming up, democrats in denial, they're in denial and they forgot there's a november 5 election and see it in these confirmation hearings and they're really screwing up. we'll talk to the great congressman and judiciary chair jim jordan next up on kudlow. when you're a small-business owner, your to-do list can be...a lot. ♪♪ super helpful. ♪♪ [ cheering ] what are invoices? progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further

john carney, the bond market is saying to jay powell in the name of god, go. no confidence in him. >> they have given him an f for the term. he failed. look, the bond market has been saying that jay powell failed. today the stock market said oh, yeah, you're right. he definitely failed. the people are basically writing off anymore cuts. there's no more cuts coming from the fed. the fed still thinks there are more cuts coming. if you listen to some of the fed speakers they say oh, we think there's still room to cut. there's no more room to cut. the discussion is very quickly going to change to does the fed have to hike. right now, inflation has been stuck and way above where it needs to be, but if it starts to climb, then we are going to get people very seriously looking at fed hikes in the future. larry: which will be very badly received. >> jay powell needs to step down if they start or need to hike because he pitched everything on the idea that he was going to get it right this time. i mean, think about all the mistakes he made. he made a mistake at missing

start with you, john carney.rd him, february 1st, and i think particularly mexico if president sheinbaum, i think that's her name, if she thinks that's an idle threat, she'd better think again. that'd be my if guess. >> i think that's what donald trump is responding to, that mexico is not treating this seriously. neither is canada. they're more or less communicating that donald trump is buffing, they don't think -- bluffing so, therefore, they don't have to change their own policies. he's not even asking for that much. he's really asking for a return to the us quo -- status quo, the what existed the last time he was president. they should give that. if they want the test donald trump on it, i think they're going to find out that donald trump is not bluffing, that the tariffs will come. larry: indeed. dan clifton, how to do you read this story? >> well, i have a little bit of a different variation on it. as you remember, in november the president said he would put the tariffs on mexico on day one. that did not hap

john carney, taylor riggs.lor with brian brenberg and jackie deangeles on the big money show weekdays 1:00 p.m. eastern every day here on fabulous fox business. coming up next here on kudlow, how many isis or al-qaida cells are actually operating in america right now? that's the important question today. we'll ask former secretary of state mike pompeo when kudlow returns. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo [coughing] hi susan, honey? yea. i respect that, but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin, with real honey & elderberry. larry: so question very relevant with the terrorist attacks, how jihadist cell blocks are operating in the united states. take ago stab is great friend and distinguished secret

larry: will tax cuts drive the bond vigilante out of the way, we have john c carney breitbart economics and finance editor. and taylor riggs, co-host of the big money show on fabulous fox business. happy new year, kids. >> happy new year. larry: john welcome back. i am getting at in hig my open odd way, fed cut target rate by 1%. guess what, 10 year bellwether treasury, an indicator of inflation fears, has gone up not down, but up by the same 100 basis points or 1%. if you buy into this, there will be trumpian inflation. that is not what he hoped for, my question, maybe the tax cuts can produce more economic growth or more goods and services and combat inflation or maybe we're doomed because of fed is running monetary policy, john? >> the bond market is rejecting fed cuts, they tell fed they did the wrong thing, the fed is now rejecting its own cuts, saying we might cut twice this year, looking at market pricing maybe one more time this is a retreat from where they were, there is a danger they may have reignited inflation, the way out of it is companyian economic -- trumpian economics,

[laughter] my hometown mayor, john carney. john, where are you out there? wilmington, delaware.hank you, john. [applause] this guy is a true public servant. he just finished 8 years as a great governor and then decided to run for mayor. a special thanks to another great friend, the mayor of my second home, scranton, pennsylvania, paige knati. paige. [applause] it's an honor to receive this award as i measure the significance of the award based on the character and the consequences of the organization bestowing the award. the us conference of mayors is an organization of character and consequence, and thanks to all of you for your partnership and the progress we made together these 4 years. i must say a big reason we got so much done is because all former mayors have served in my administration. steve benjamin, pete. pete buttigieg. marcia fudge. keisha l bottom. mitch landrieu, tom vilsack. marty walsh. [applause] and thanks to tom perez, a guy like me who has, has been my point person for all of this, but he's a county guy, tougher man. i don't know, man. [laughter] it's one of

let's start with you john carney you heard him, february 1. think, particularly, mexico, if the president, if she thinks that is an idle threat, she better think again, that would be my guess. >> i think that is what donald trump is responding to. mexico is not treating this seriously. neither is canada. there's a donald trump is bluffing. i don't think he will come down with the tariffs. they don't have to change their own policies. he is not asking for that much. he is asking for return of the status quo ante. what existed last time he was president. they should give that. if they want to test donald trump on it i think they're going to find out that donald trump is not bluffing. the tariffs will come. >> dan clifton, how do you read the story. >> as you remember november the president said he would put the tariffs on mexico on day one. i think what the president is doing is keeping his foot on their throat to make sure that they are reinforcing the remaining mexico policy when it comes into effect. when you read these immigration executive

john carney on the unhappy gift biden is leaving behind for donald trump.agen: what is being called the biggest peacetime crime and cover-up overseas in britain and then tudor dixon on the liberal lunacy of the left trying to turn january 6 into a problem created by the trump tax cuts. yes. they are making that up. top of the hour. r 44 years and i'm from flowery branch, georgia. when i have customers come in i recommend prevagen. number one, because it's safe and effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. - it's apparent. not me. - yeah. nice going lou! nothing like a little confidence boost to help ease you back in to the dating scene. of course, that also includes having a smile you feel good about. fortunately, aspen dental specializes in dentures and implants made just for you, with affordable options and flexible ways

senator john carney described it is a train wreck of nominations because they are coming back to backwatching? andrew: this is a nomination that republicans think is safe at this point but that democrats are using tomorrow's confirmation hearing for to advance a narrative about him so that they can say this person is unqualified, he's unfit. they are going to bring up the allegations of sexual and financial misconduct. they have a lot of women on that committee in particular who have been outspoken about this. for example, senator mazie hirono from hawaii, elizabeth warren from massachusetts, tammy duckworth from illinois, who herself was injured in combat. they have the right people to deliver that message. whether it's going to make a difference at this point is unclear, but they think that tomorrow is one of those rare confirmation hearings that could actually matter, where the responses from pete hegseth and in return from republicans both on and off the committee could make a difference for his confirmation prospects. republicans on the armed services committee have already notic