i'm kudlow. we'll be right back. >>> should americans be worried that the nsa surveillance program will lead to another irs scandal? a new rasmussen poll showed 57% of polls say they will harass political opponents. let's bring in scott rasmussen, found founder of rasmussen reports. walk us through some of these numbers. ten days ago, 12 days ago when this thing broke, it looked like the public was reporting the surveillance, and now it's all flipped. what can you tell us? >> well, there was one poll out earlier that said they were generally accepting, and our poll found there was reluctance about it. if you fight terrorism, you get a little more support. but what we're finding now, people are worried about the use of the data. they are worried about the -- just the sweeping nature of it. 64% say they'd like it better if it was reduced and targeted more narrowly. only people who have some kind of suspected terrorist ties. 73% believe that a judge should have to approve each and every individual w

we'll have an explanation next up here on "kudlow." vo: i've always thought the best part about this country is that we get to create our future. you get to take ownership of the choices you make. the person you become. i've been around long enough to recognize the people who are out there owning it. the ones getting involved and staying engaged. they're not sitting by as their life unfolds. and they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. so you can capture your receipts, ink for all business purchases. and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >>> massive protests in brazil. new poles about the i.r.s. scandal and a big blow to immigration reform. cnbc's seema mody has the story. >> the senate vot

i'm larry kudlow.ere with katie stockton, jack bouroudjian and cnbc's own kelly evans and jim la camp. i know you want to get in and i want you in. i want you to react to what kelly was talking about. you have this rise of interest rates and let's just do it year to date. the ten-year is up 66 basis points year to date, but as kelly evans correctly noted. inflationary expectations offer the treasury break evens whether it's the ten-year tip and the five-year for it and i know it's technical, but that's the way the market gauges future inflation. those things are down by 50, 60 basis points and it's a real, real rise in market rates and when you get a real, rise in market rates, that could really shake off the economy. that's the stuff we have to worry about. >> larry, let's understand. let's take a deep breath and understand, number one, these are still very historically low interest rates, all right? the other part of the equation is, remember, we need to get to that natural inverse relationship betwe

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this is "the kudlow report." today, president obama said the government is not listening to your phone calls. the nsa snooping is for national security purposes only. ee mon eamon javers joins us now. good evening. >> good evening, the president went out of the way to take a question from a reporter. he said the tradeoff is worth it and this program yielded useful intelligence for the united states. he said, we are not listening to your phone calls to americans and he defended the nsa's ability to gather this information. in essence, he made the argument there is a tradeoff here americans simply have to make. take a listen. >> i think it's important to the recognize that you can't have 100% security and also then have 100% privacy and zero inconvenience. we will have to make some choices as a society. >> the president taking a different tone nan his own director of intelligence last night, director of intelligence james clapper put out this statement in which he attacked the press for reporting on these stories.

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good evening, everyone, i'm larry kudlow. this is "the kudlow report" and a very special welcome to my co-host this evening the great t.j. rodgers, ceo of cypress semi conductor. thaumpl, t.j. >> the honor is mine. >> thank you, first up, the obama administration collecting massive noen phone numbers on millions of verizon customers. ayman javers now joins us with the details. good evening, ayman. >> reporter: good evening, a new one breaking just within the past couple of hours this evening. the washington post reporting this teefg nsa has a secret program known as prism in which it cooperates with the leading service providers in the united states to gather some of the most personal information on its targets. this from the washington post reporting the nsa and fbi have been tapping into the servers of then u.s. internet companies, extracting media, epales, doubts. the program is intend -- e-mails, documents. the program is intended to collect terrorist media. the washington post is reporting that the companies participatin

i'm larry kudlow.ys thought the best part about this country is that we get to create our future. you get to take ownership of the choices you make. the person you become. i've been around long enough to recognize the people who are out there owning it. the ones getting involved and staying engaged. they're not sitting by as their life unfolds. and they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >> narrator: bacardi rum. steeped in a time-honored tradition, combining science and technology. >> that bottle's going to spin a few times to get labeled. >> narrator: art and passion. >> you cannot imagine how much fun we have making rum. >> narrator: a multibillion-dollar industry owned by one family. and today, some family members reunite to create their best rum yet -- a new blend celebra

this is "the kudlow report." i'm larry kudlow. we have breaking news now on the war in syria.looks like the u.s. is about to get much more directly involved. the obama administration now confirms the assad regime in syria has, indeed, used chemical weapons against the rebels. the white house says president obama has decided to expand the quote scope and scale, end quote, of u.s. military support to the rebels. this is the so-called red line assad has crossed. the administration says the chemical weapons are responsible for killing up to 150 people. let's get some quick reaction to this breaking fuse from former u.s. ambassador mark ginsberg. ambassador ginsberg, in your opinion, is this the right thing to do, to give aid to the rebels? >> larry, the problem is we have put ours in a houdini complex. we have straight-jacketed ours, now we don't know how to get ourselves out of a mess. we are engaged in a proyy war. by providing arms to rebels at this late date, we are going to reverse what essentially is a imminent battlefield defeat for the rebels and this red line has now been

i'm kudlow. we'll be right back. honey... it's time to go. no. honey, it's too perfect. over a quarter million properties... you'll never want to leave. booking.com booking.yeah ♪ chances are, you're not made of money, so don't overpay for boat insurance. geico, see how much you could save. >>> all right. stocks had a good day today. dow is up 150 points. but metals in full meltdown mode. gold down 27% this year alone and on track for its worst quarter on record. and silver, it's down a whopping 39% year-to-date and i'm especially looking at gold. gold is telling me there ain't no inflation, period. it's also telling me that there's a substantial risk the fed will tighten sooner and more intensely than they should. that's why i think there's going to be some major volatility and i would be thrilled, to tell you the truth if the stock market closed somewhere near current levels. 12% dwreer date gain. if we can hold that i'll love it. i'm not a real bear. but i am worried and i'm calling myself an

so you can. >>> welcome back to "the kudlow report." i'm larry kudlow. market was crazy stock trading. five straight days of triple-digit moves on wall street. today the dow gained 109 point and the nasdaq 29 and the s&p surged 12. here's what you need to know. at 2:00 p.m. markets started selling wildly when they read "financial times" robert harding feds likely to signal tapering is close so the dow fell from the session high on this headline. then harding retreated, and he put it on twit err, and he said glad people are reading my fed preview. i've been in the september taper camp for a while, and i'd stick with that, but people need to chill out. the fed does not leak anything to any journalist to steer markets, especially during blackouts. you know what, folks? that's just his opinion. pretty shoddy journalism, if you ask me. so i then tweeted i'll take john hilzenrath over john harding. the highly regarded john hilzenrath will in fact be live on this show tomorrow evening. let me add in a more serious vain, i don't see the fed slowing its bond purc

i'm kudlow. wroik. . frank lautenberg died today leaving his legacy as the last surviving world war ii veteran. he also leaves a vacant senate seat in new jersey. governor chris christie will be appointing that temporary replacement. who will christie choose and will have affect his own political plan for 2016? let bring in a communications director and noerm press secretary to the house majority leader eric cantor when i first med brad. he is with me on the set. all right. brad, i will give you a choice, off the top of your head, who is the favorite for mr. christie to pick? >> there is a lot of selectionsin new jersey. larry, you are a jersey boy, are you probably as excited about the pick as i am. if you look, former governor kaine, who would be a statesman-like pick who i think would be a very good place holder to hold out the senate seat. the picks beyond that, leiutenant governor kim gudano. joe cirillos. john programnick, a republican senator leader in the house. tom cane, jr. so you can see, gover

i'm kudlow. and we'll have our guests to talk about lindsey graham. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. it's guidance on your terms, not ours. why not make the day unforgettable? with two times the points on travel, from taxis to trains. you'll be asking why not, a lot. chase sapphire preferred. there's more to enjoy. join us at projectluna.com yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! >>> all right. so we just heard from senator lindsey graham, who is a senior and pivotal republican in almost all the controversial issues of the time. here now to react to mr. graham's posi

i'm larry kudlow.st up on the second half of the show, the "washington post" reports that president obama's trip to africa could cost between 60 and 100 million dollars. the trip purportedly includes 14 limos, three bulletproof trucks, and 24-hour fighter jet coverage. but my big problem is, a, everybody should have belt tightening during the budget-tightening sequester period. and b, the president really is taking a vacation. this is not a working trip. here now is former obama deputy white house press secretary bill burton. he's now vice president and managing director of global strategy group. and we welcome ace political reporter and cnbc contributor robert costa of the "national review queechlt bill burton, are we being unfair here during the sequester period for a $100 million vacation? >> good evening, larry. first of all, i don't think this is a $100 million vacation. i think those numbers are probably pretty inflated. but second, it's interesting that rick perry was the person you had on befor

i'm kudlow. we'll be right back. [ male announcer ] with free package pickup from the united states postal service a small design firm can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ vo: ta friend under water is end usomething completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. >>> welcome back to the kudlow report. i'm seema mody. the u.s. government filed charges against edward snowden, the nsa leaker. he's charged with espionage, theft and conversion of government property. he's in hong kong ask the u.s. is asking hong kong authorities to detain him. the next step would be to indict snowden and extradite him from hong kong. an apple's board has decided to shift executive stock awards to pay to

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i'm kudlow. we'll be right back. >>> what's really inside ben bernanke's head as stocks continue to go down since he held his news conference last week? look at this chart. dow is down 656 points over the past four days. not the end of the world but it is not healthy. here to tell us, steve stanley, chief economist. dave goldberg still with me on set. steve, i read your article, thought it was really interesting. your basic point is that the fed is determined to get out of quantitative easing, to get out of that business. do i have that right and why? >> that's it. yeah. you look at what changed between the may 1st fomc statement. inflation is going the wrong way, from their perspective. but what's changed is they finally were convinced that q.e. was causing a lot of financial instability and they decided it's time to get out of this thing. they're going to try to couch it around the economy because they don't want to admit they made a mistake. so they tell the story around the economy. but in re

i'm larry kudlow.alf hour stocks bounced back on some solid economic news that a whole lot of people now are getting real bearish on profits which, as you know from this program, are the mother's milk of stocks, so we're going to take a look at. this may not be as bad as you think, and where will the imfederation reform battle leave the republican party? can the gop turn its potential minefield into a real opportunity? we are going to get an answer from former republican national chairman ed gillespie. but first up, russian president vladamir putin confirmed today nsa leaker edward snoweden is in transit and moscow and refused to hand him over to the u.s. saying he's a free man. of course, russia isn't the only country ignoring cooperation and china said the same thing. they are thumbing their noses at us, and i don't hike it one bit. russia is probably downloading nsa secrets right four. that's that is me bet and i agree with the "wall street journal's" breath stevens today. we may be in an age of ame

i'm kudlow.>>> after a landmark two-day summit this weekend, a cyber security stumbling block remains between president obama and his chinese counterpart. the white house says continued cyber attacks coming from china could strain economic relations between the world's two biggest economies. indeed, they k.back with tim pawlenty, kevin brady and meredith whitney. let me go right to you, tim pawlenty. a lot of the hacking is at banks, right at banks. what do you make of this? >> this is a growing problem, larry, and it's accelerating rapidly and one in which we need legislation. the house did a great job in passing a bill in this area. the senate hopefully will do the same or something similar, but the szish attacks on banks and industries, not stealing intellectual property but stealing digitally stored information -- >> coming from china, coming from the china red arm? >> coming from china and other places. >> what other places? >> just based on public account, you might think to the middle east

your money needs an ally. >>> welcome back to the "kudlow report".alf hour, we know the top tech and internet companies were cooperating with the nsa surveillance with the program. so what does that mean for investors? would you sell your going eogle verizon stock because of this story? and a new survey says small business optimism is up. why is that and what is the biggest obstacles for business owners today? we'll talk to a couple small business owners on both coasts to get their take. but first up, you've heard me say it before, the budget cutting sequester actually boosts economic growth. in fact, a new study from the san francisco fed estimates 90% of the fiscal drag from the u.s. budget policy comes from higher taxes. not automatic spending cuts. we need more free market combination of more spending cuts with lower taxes. that is called free market capitalism. we're almost there, but we're not there. we have two cnbc contributors to debate this. jim, as i read the story, they're saying the next three years, i don't really think they're referrin

i'm larry kudlow, welcome back to "the kudlow report's" special coverage of today's market meltdown.erage right on wall street and find out exactly what happened and why. cnbc's own bob pisani has been following it for us all day. give us your details and your take and good evening. >> good evening. 550-point decline in the dow in two days, larry. i'm calling this a mini perfect storm. several things, three in fact came together to cause most of the problems. first, the fed action causing people to worry about interest rate rises down the road. seco,

larry kudlow will weigh in on jobs, coming up next. >> also, this market weakness sparks a bond market comeback this week. cantor fitzgerald's ceo, howard lutnick will tell us whether that's sustainable or not later on the "closing bell." stay tuned. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much

this is "the kudlow report." i'm larry kudlow. we have breaking news now on the war in syria. the obama administration now confirms the assad regime in syria has, indeed, used chemical weapons against the rebels. the white house says president obama has decided to expand the quote scope and scale, end quote, of u.s. military support to the rebels. this is the so-called red line assad has crossed. the administration says the chemical weapons are responsible for killing up to 150 people. let's get some quick reaction to this breaking fuse from

be sure to watch it tonight on the "kudlow report" at 7:00 p.m.. >>> karen finerman reveals her rules for how women can find success in their professional and personal lives. kathy griffin got serious and fired up when she weighed in on the subject in a recent sit-down with karen. listen to what she had to say. >> i think of myself as a woman in comedy because i'm very conscious that i have to fight harder and jump higher. >> if i were in your shoes and a comedian and had all the accolades you did and wasn't getting paid the same as a man. >> it kills me not to be getting paid as much as my male counterparts. it drives me insane. if i hear one more woman say there's no more sexism, i'm going to gently correct them because we really are so far from equality in this industry, especially stand-up comedy. i don't know what these crazy [ bleep ] are thinking. >> do you think that will change when you have some women in the positions men are in in terms of hiring you? or do you think it comes from having more kathy griffins? >> i think the world, of cou

up next on can the kudlow." . . >> welcome back, the s&p 500 replacing heinz.ou know my charitable trust likes that stock. like i said, there is always a bull market somewhere. i'm jim cramer. see you tomorrow. >>> the new intern chief at the irs told congress today he will fix the quote serious problem end quote at the agency. but every day, those serious problems seem to multiply and tonight, there are new accusations that point the finger at the irs chief counsel who, by the way, is an obama appointee. we have the latest on this video that everyone is talking about, irs workers at pricey conferences making pricey videos and doing dance routines, all on the taxpayer's dime. >>> the other big story tonight, senator frank lautenberg of new jersey passed away this morning. puts governor chris christie on the spot. he gets to

next up on "kudlow." ♪ [ male announcer ] just when you thought you had experienced performance, a newand changes everything. ♪ the 2013 lexus gs, with a dynamically tuned suspension and adjustable drive modes. because the ultimate expression of power is control. this is the pursuit of perfection. >> all right. we can sustain the momentum. otherwise, let's say it's a great day. i promise to find bargains for you right here on "mad money." i'm jim cramer. i will see you monday . >>> our goal is to stop folks from doing us harm and if every step we are taking to try to prevent a terrorist attack is on the front page of the newspapers or reason television, presumably the people who are trying to do us harm are going to be able to get around our preventative measures. >> all right. that's president obama speaking out today defending the widespread computer under surveillance and phone record-keeping program at the nsa, but is this really all there is to it? and isn't this the kind of

all that on "the kudlow report" next up. he can focus on his recovery.t his mortgage, . >>> what can turn things around for the bold? an oversold rally. that's what the bulls have to work for. bum marks i promise to find for you right here on "mad money." i am jim cramer and i will see you tomorrow! >>> in your face, that's right, even some democrats are saying that about president obama's decision to make u.n. ambassador susan rice his new national security adviser. yeah. susan rice, the same one who kept saying the youtube video actually caused the benghazi attack even after everybody knew that was false. guess what, congress has no say in her appointment. >>> on wall street, meanwhile, investors suffering through the long-awaited correction, it includes the japanese sell-off and some unimpressive economic numbers. so the dow falls 217 points, for what it's

"the kudlow report" begins right now.

all that up next on "kudlow." . >> i hope to sigh you guys at the monster conference on saturday. always a bull market somewhere. i promise to find it just for you right here on "mad money." i'm jim cramer and i will see you tomorrow [ music playing ] >>> an unprecedented government violation of privacy? a police stay or a necessary step to keep us safe from terrorists? it turns out the u.s. government has a vast database of phone calls on millions of customers. we are going to debate both sides of this hot button issue. chris christie makes his pick for interim u.s. senator. some republicans and conservatives are furious that the appointed senator won't even be allowed to run for the senate. >>> plus, stamford economist will brief us on tomorrow's crucial jobs report. what should we really be looking at? how will it affect the markets? >>> and we haven't seen him much since the election.

all those stories and much more coming up on "the kudlow report." beginning right now.

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. >>> the fed and the economy always high on larry kudlow's agenda, of course, and tonight at 7:00 easternave texas governor rick perry as his guest. ty? >> all right, sue. the ama says obesity should be classified as a disease, and that could have a big impact on how it's treated and who pays for it, the insurance companies and beyond. more on this big change when we return after this short break. it's also the focus of finance.yahoo.com's question of the day so go vote, and we'll bring you the results. more "power" to you in two minutes. out there owning it. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice w

. >>> coming up, d ash long with closing bell, the kudlow report and power lunch. >> "squawk on the street." >> "worldwide exchange." >> start the morning off right. >> and then i watch american greed to make sure i don't get the wrong financial advice. >> and there's cnbc world in the night. >>> anyway, coming up, the continuing countdown of today's job report. we'll talk expectations next. plus, hank paulson's message to president obama. and in china's president 11 ahead of -- oh, no, xi. not -- >> it's not president 11? i'm sorry. ahead of today's summit in californ california. caught up with paulson. we'll join us with his comments, next. even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. ♪ ♪ ♪ ♪ >>> okay. all is right with the world, andrew. >> you said you were going on to be out. >> "the wall street journal" -- you did the "new york times" op-ed. "wall street journal," thank you for data mining. the nsa's meta data surveillance is legal and necessary. legal and

channel kudlow -- good for america! at 10:00. >>> hear what vanguard founder jack bogle has to say about how investors should navigate this volatile market environment. >>> and what is it like to be an intern at google. "the internship" opens this week. what does it really take to get a job at the internet giant? we'll talk to google's chief recruiter for interns a little bit later on. ♪ bonjour ♪ je t'adore ♪ c'est aujourd'hui ♪ ♪ et toujours ♪ me amour ♪ how about me? [ male announcer ] here's to a life less routine. ♪ and it's un, deux, trois, quatre ♪ ♪ give me some more of that [ male announcer ] the more connected, athletic, seductive lexus rx. ♪ je t'adore, je t'adore, je t'adore ♪ ♪ ♪ s'il vous plait [ male announcer ] this is the pursuit of perfection. \ s 10 my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or

and don't forget, also, coming up tonight on the kudlow report, a first on cnbc interview with mitt romneylican presidential candidate about the state of the economy, health care, and tax reform. don't miss out on that. it all kicks off at 7:00 eastern. and, of course, on "squawk box" tomorrow here in europe, there will be an exclusive interview with poland's prime minister, donald tusk from 7:00 cet. >>> coming up next, it's the original version of "squawk box" with the countdown to opening markets stateside. that's for u.s. viewers. european viewers, we now get extended programming, as well, as we take in the rate decisions from both the bank of england and the ecb. >>> good morning. today's top stories, the bulls are going to try to bounce back after another pretty big sell-off on wall street. the dow closed below 15,000 for the first time in a month and logged its worst two-day drop since november last year. in corporate news, pepsi is reportedly in advanced talks to buy soda stream. and steven cohen's sac tells employees it will survive what it calls significant redemptions. it's thur

. >> you make calls, larry kudlow is worried that desflags a possibility. >> i don't think it's signaling deplags but i don't think we see deflation yet. >> let me ask you this. everybody's printing money, gold's going to 2,000. what happened? never worked. never happened. >> yeah, the problem with that analogy was that there's two components to printing money. you have to precipitate money. the velocity never caught up so the fed can print money forever and the japanese problem, as long as everybody stays in cash, you don't have a huge hyper inflation problem. >> got it. good to see you this morning or chat with you. american executive chip starnes being held hostage by workers in a plant in a dispute over pay. he joins us live and we warn everybody there is about a 4-second delay so when we ask him the first question it's going to take a second to respond. mr. starnes, great to have you here on cnbc. what is your current status right now? >> yeah. the status right now is everything is a standstill is where we're at. >> we understand actually that you could leave if you wanted to. is tha