philips sonicare. >>> welcome back to "the kudlow report." i'm larry kudlow.been 24 hours since we heard the news of the fed's bond buying cutback. january, the central bank is going to reduce its bond buying program to $75 billion a month from $85 billion a month. at that rate, they will be finished in october of next year. i'm asking this question, was ben bernanke actually as dovish as many of you and the stock market thinks? let's ask an expert. here now is robert mctier, the former dallas federal reserve bank president and he's currently a fellow at the national center for policy analysis. bob mcteer, sometimes you have interesting counterviews and i want to see what you thought about this. one thing, today, gold hemorrhaged. gold has been going down for quite some time. it got knocked down. the dollar is holding up nicely. if the fed was so dovish or going to be so dovish, why isn't goal going to $1,300 or $1,400 with a big rally? why isn't the dollar collapsing? something's wrong here. i asked you how you read bernanke yesterday. >> well, you know the t

kudlow report.">> welcome back to "the kudlow report." i'm dominic chu with this news alert. looks like the kudlow credo is spreading to the ukraine. look at these protests. as many as 350,000 people joining in, blocking the main government building there today. they want to join the eu, really bring in a little free market capitalism. but the president there is abandoning the eu, instead looking to at least for closer ties with vladimir putin and the russian state. >>> also, the metro north train that crashed in the bronx over the weekend was going 82 miles an hour when it derailed going around a sharp curve. the speed limit is 30 miles an hour. that's the word today from the ntsb. the investigators did not find any problems with the train's brakes. the engineer and conductor will be questioned about the accident. four people were killed and 60 more injured. >>> now, before we move on to this next story, we want to point out that we know amazon.com pulled off a huge publicity stunt. and we're giving

i'm kudlow. we will be right back. so i got the windows nokia tablet. it's, well, impressive. it's got the brightest hd screen, super-fast 4g lte, so my son can play games and movies almost anywhere, and it's got office for school stuff. but the best part? i got the lumia 928 for my daughter for free, with the best low-light smartphone camera this side of the north pole. dad for the win. mm! mm! mm! ♪ honestly, i want to see you be brave ♪ americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. >>> welcome back to "the kudlow report." this is a first. british giant glaxosmithkline will stop paying doctors to promote drugs. glaxo which makes top sellers

this is "the kudlow report." first up tonight, a report that a majority of california doctors, as many as 70%, are staying off the state's obama care exchange because they can't afford to participate. that simple. and obama care, listen to this, it's offering medicaid reimbursement rates. look, around the country a medicare pays $76 for a return patient visit. that's medicare around the country. in california, these medicaid rates would mean $24 for a visit. would you practice medicine with those kinds of numbers? here now to discuss is democratic strategist chris kofin kofinis, mike slater out of san diego, california, where we all wish we would be. mike slater, let me go to you first. the way california is doing this, they're treating doctors like medicaid surfs. so therefore, no pay, no play. that's simple enough for me. is that the story? >> so glad you used that word. doctors are treated like servants and not like traders of services. i come to you from inside the crystal ball and every doctor i've talked to

i'm larry kudlow and we'll be back tomorrow evening with another episode of the kudlow report. [ maleer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my fam

i'm kudlow. i'm calm noun. i'm better now. >>> president obama hosted a big white house youth summit this afternoon, but guess who wasn't invited? you're about to meet the national chair of the college republicans who's going to tell us why she was stiffed and why millennials are deserting obama and obama care in droves. >>> speaking of obama care, we have another raft of new problems with the health care law to report today. that includes what looks a bit like a bailout for the insurance companies. i don't like that if it's true. crony capitalism is not good. we'll look at it later on in the show. for now, please don't forget, free market capitalism is the best path to prosperity. just get rid of the tax and regulatory barriers to growth and we'll be all better off. "the kudlow report" is coming right back. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always

good evening, i'm larry kudlow. this is "the kudlow report." we're live here. it's 7:00 p.m. eastern, 4:00 p.m. pacific. the first deadline is approaching. we are now ten days away from the deadline to objetain covera by january 1st. but insurance companies will start covering individuals whether they have paid, enrolled, or not. so why won't the obama administration just swallow its pride and delay the individual mandate altogether? here now we talk to democratic strategist chris kofinis and manhattan institute senior fellow paul howard. gentlemen, welcome back. scott, let me begin with you because what i'm trying to figure out is, is this pressure -- are these orders, are these mandates from hhs -- they basically want, i think, the insurance companies to carry people past the deadline. how do you see this? >> they are asking the insurance companies, basically, to extend a line of credit to the beneficiaries and they are going to back stop that because effectively what they are saying and what they are going to say more explicitly is that they will pay the insurance companie

i'm kudlow. we'll be right back. please stay with us. ♪ [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the pursuit of perfection. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> once again our top story tonight, late breaking president obama's job approval, listen to this, hi

energy lives here. ♪ >>> welcome back to "the kudlow report." i'm larry kudlow. wall street. today was another historic day. dow and s&p 500 closed at record highs. dow add 42 points. nasdaq added 47. s&p 500 added nine. back with the ceo of stifel nicolaus and michael farr. farr, miller and washington. reason cruszewski, i want to go back. the third quarter gdp is history. okay? i get that. that quarter ended in september. it sometimes tells you a little bit about the future, first of all, a big number. looking in here, consumer spending was revised up. that has to be positive. one area that worries me is the job creator, business investment was also revised up significantly. now, you know, it's the internals of the economy. profit is up 5.7% that will carry it forward ultimately. what's your take on all this? are we going to have a stronger 2014? >> look, larry, first of all, that was a strong upward revision. though a lot of it was inventory driven. it's 4% or greater than 4% and that's powerful. if you look forward to 2014, look, we're up 28%. you know, 25% o

i'm larry kudlow. this is "the kudlow report." it's a pleasure to be back after the christmas vacation. we are live here at 7:00 p.m. eastern and 4:00 p.m. pacific. obamacare coverage begins in just two days according to hoyle. now about 2 million people have enrolled in the plans, half from the federal and half from the states. but the question to ask is how many are actually enrolled and how many have actually paid? only about 75,000 apparently has paid. and that's a long way from the administration's goal of 7 million people that are enrolled and paid up. the question is will the insurance companies be pressured to cover everyone, paid or not, on january 1st? nobody knows the answer to that. so let's talk. we have dan mendelson, avalier health founder and ceo. and john cochrane, professor university of chicago booth school of business. gentlemen, welcome. we're hoping to get roy. he's the numbers guy. i know neither of guys are the numbers guy. but let me begin with you. john cochrane, you have written extensively, that obamaca

rushmore on "kudlow."ase stay with us. ♪ you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. get geico. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. >>> happy birthday to the fed. 100 years ago, president woodrow wilson signed the law that created america's first central bank. fed chair bernanke, former fed chairman alan greenspan, paul volcker, bunch of other fed heads celebrated in d.c. about this today including our own robert mcteer. who is the best of the lost of the fed chairmen? we're back with former fed head robert mcteer. fed rushmore. got to check this out. producer, bree kelly, put this together. leading the pack, that's ben

i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific, and we are loaded with news. we start with breaking news on the budget deal. the house votes to pass the bill and sends it over to the senate. eamon javers in washington with all the details. good evening. >> good evening, larry. in the end it was an overwhelming vote of 332 to 94 to support the budget deal in the house. that's going to send it over to the senate. the expectations are now that this budget deal will pass. just 62 republicans oppose the deal, and only 32 democrats opposed it as well. but during the debate leading up to that vote, larry, both sides made it plain that they don't necessarily love this deal despite the overwhelming vote. take a listen. >> that's how it works in divided government. that's the nature of compromise. in a divided government, you don't get everything you want. but i think this bill is a firm step in the right direction. >> this agreement is far from perfect.

i'm larry kudlow. this is "the kudlow report". we'll get to the obama care and budget news in a moment. first we have to start with a very important piece of developing news on the fed. let's go over to courtney regan for that story. good evening. >> reporter: stanley fish has been picked as the next vice chair of the fed and that's once janet yellen office into the top spot. stanley fisher ran the bank of israel. fisher is considered by many to be a hawk on interest rates which could change the balance of power inside the fed. >> thank you. that's exactly right. if janet yellen is the empress of the do was, professor fisher is the mench of the hawks and this guy is a smart guy who kept inflation down in israel and made the israel currency a stable reliable currency. there will be a hawk. sound money. i'm all for it. let's move on. two months after its disastrous launch secretary sebelius finally call for an investigation into healthercare.gov. nbc news brian mooar joins us with that story. good evening, brian. >> reporter: the se

i'm larry kudlow. this is "the kudlow report." we live here at 7:00 p.m. eastern, 4:00 p.m. pacific. the fed taper and soaring stock market. here is our very own steve liesman. >> good evening, larry. federal reserve essentially tea at least steps. $a billion the treasuries. second, announcing a schedule for tapering. about an even $10 billion monthly -- or every decline, every meeting. third, very dovish guidance on interest rates, and how the fed will react once it hits that 6.5% unemployment rate. >> i expect there will be time past the 6.5% before all the other variables we'll be looking at will line up in a way to give us confess that the labor marge is strong enough. >> some of es expected the taper, larry, but i think the dovish comments might be what excited the market. he said it may not be until december 2015. he was also asked about fed chair nominee janet yellen, and whether she approved of this schedule, and had el said she did. so markets don't have to expect much change in policy if she's approved this week, as expected, by the senate. larry, back to you. >> m

i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. of course, the big news this evening, legendary south african leader nelson mandela has died at the age of 95. we have a team of cnbc reporters and experts joining us this evening. my pal and colleague tyler matheson, hampton pierceson, john harwood are with us but i want to begin with chris bishop, live outside mandela's home. you see the scene. people gathering to celebrate his life. chris, can you describe what's going on and what is the feeling, what is the basic sense there? >> reporter: well, what's happening at the moment, the police have actually, there are so many people around, the police have closed off the roads around nelson mandela's home in johannesburg where he passed away this evening. but there are people there, there are people with flags, people are crying, people are coming to sing and a bit further away at nelson mandela's former home in soweto, where he lived when he was a young lawyer in the 1950s and early 1960s, when he went on the ground, there were

i'm kudlow, we'll be right back. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ >>> now, another solid jobs report, so is this the start of the new economic upside surprise? the labor department announced u.s. payrolls jumped by 203,000 in november. the department also revised down the two prior months and the unemployment rate dropped to 7%. here is former labor secretary robert reich and jimmy pethokoukis is still with us. robert reich, good to see you. as a former labor secretary, what do you think? i mean

sounds like a question for the kudlow youth summit comprised

i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m.ig news this evening, legendary south african leader nelson mandela has died at the age of 95. we have a

welcome to the new year's eve live edition of the kudlow report and what a year it's been for stocks.an call it the buy and hold boring rally or rodney dangerfield get no respect rally. call it what you like. this was the best year for the dow since 1995, 18 years ago. washington didn't have a thing to do with it. our resilient economy, a free market economy was the big driver. tonight we ask what will the new year bring? now with obamacare kicking in for real in just a few hours washington is going to be interfering more and more in health care and our personal lives in 2014. are america's hospitals, doctors and patients ready for a year

my mom and i have been watching you since you were on kudlow & cramer back in the day. >> thank you. >> i'm seeing more and more use of medical records in outpatient and in-patient settings. i want your take on cerner. >> i like cerner. i have to tell you when athena health reported and they guided down and the stock dropped 15 points and then came back, what that told me is they would report a good number. i think cerna is a good buy. i would stick with it. and athena, i still don't get why it's at 131. still chipping away at the list. stocks that are gifts that i think can go along. this is general electric. johnson controls and they had an analyst meeting and the stock went down. it was a bullish meeting. bank of america and some people are worried down 4% in the last few days. google? next to consider, they are both buys. stay with cramer! bid >>> it is time, it's time for the lightning round. [ indiscernible ] rapid fire calls. and then the lightning round is over. are you ready skee-daddy? jonathan in new york, jonathan! >> boo-yah from st. john's university. >> yes! hard worki

. >> i've been listening to you since the kudlow and cramer days. >> wow!hat's ancient. >> it seems like you're an old friend. >> thank you. that's very nice. thank you. thank you. i'm glad. we've got to get out to wisconsin. they love us there. they love us there. what's up? >> i've been holding shares of standard pacific, spf, for a couple of years now based on an old recommendation from you. >> right. >> and i was wondering if your thoughts on selling it to the end of the year -- >> no! no, no, listen, i thought you were my friend, will! you want to be in standard pacific. that stock can go to ten. the california market's red hot and don't forget toll brothers just expanded out there. spf is going higher not lower. i say buy, not sell. whenever i call a friend i'll think of will. yes. there are still quality names to buy. yes, there are, in the banking industry and the housing industry and the retail industry, the airlines and the oils. winners are still there. you don't have to just buy them for a trade, you can buy them for an investment. stay with cra

my mom and i have been watching you since you were on kudlow & cramer back in the day. >> thank you.e and more use of medical records in outpatient and in-patient settings. >> i like cerner. i have to tell you when athena health reported and they guided down and the stock dropped 15 points and then came back what that told me is they would report a good number. i think certainier is a good buy. i would stick with it. and athena, i still don't get why it's at 131. still chipping away at the list. stocks that are gifts that i think can go along. this is general electric. johnson controls and they had an analyst meeting and the stock went down. it was a bullish meeting and bank of america and some people are worried down 4% in the last few days 37 google? >> nexted consider, they are both buys. stay with cramer! [ male announcer ] here's a question for you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. to

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larry kudlow at post nine on the floor of the new york stock exchange. elan of "the washington post," greg and, of course, steve liesman. you all look fantastic immortalized in stone. let's start first of all with there are two questions we want to address, one of which is, which of the chairman faced the biggest challenges during their tenure at the federal reserve and how is history going to treat them and record their events and their actions? larry, you want to give it to paul volcker, but in all fairness you worked with paul volcker so maybe you have an inside track on that. >> perhaps i do and i just saw him. look, i've been watching the fed or working at the fed since the middle 1970s. paul volcker is the greatest chairman in the history of the federal reserve board. he faced 15 to 20% inflation okay which was destroying our economy and the rest of the world's economy. i believe that was the greatest crisis of all. he conquered it. he conquered it and did it the old-fashioned way. he removed money supply, raised interest rates and was successful a

. >>> special edition of the kudlow report coming live from washington, d.c., and the breaking news tonightshington where a budget deal in congress has finally been reached. congressman paul ryan and senator patty murray made the announcement moments ago. we'll talk about this agreement with our special guest tonight house republican majority lead eric cantor who is also live. another big story in washington, comes from cnbc's own steve liesman. he's reporting all the triggers for a fed bond tapering have been hit and the fed may come out this month of december at their meeting next week and

. >>> tonight "the kudlow report," larry talking to congressman paul ryan.er to ask about what will happen with that keystone pipeline. we're getting hundreds of tweets about the fed and this incredible day in the market. >>> what about ben bernanke is catching your eye today? the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficie

fellow,the astounding lawrence kudlow, who made the absolute idiotic, that the united states has nevered weapons of mass distraction. that leads me to a concrete example of where your guest list is skewed -- host: caller, just to be fair, we had represented gregory meeks on this program to talk -- representative gregory meeks on this program. so we have a wide birdie of viewpoints on this -- a wide variety of viewpoints on this topic. what do you want to ask our guest? caller: i am giving you a concrete example of your skewed guest list. no, no, no, no. host: caller, ask the question here we cannot go through the laundry list of people that we have on a variety of viewpoints. do you have a question on our guest -- for our guest? caller: to the syrian war -- hello? host: you are on. caller: the syrian savaging with fiveawk missiles, you had people from daniel pike, peter wiener -- host: ok, thank you for your call. guest: jack, you and i disagree on a lot of foreign policy issues, but people share your view on c-span, i will not complain, they have a right to share their case. you call

. >> our own larry kudlow on television last night said ronald reagan believed in user fees. >> he did. >> and they're not taxes. you'll see folks like heritage action, the real hard right on fiscal issues say that this is a tax in another form, but grover is not going to say that. most republicans in the middle aren't going to say that. it's not a tax increase that would kill a bill in the house. it's not enough. >> to the end of february, and into march, is there any chance that we have to deal with the debt ceiling now? >> we're going to have to deal with it next year. but it's not part of this agreement. we have to deal with it next year. i don't think it's going to be a huge fight next year. the question is, republicans are still going to have to vote to raise the debt ceiling, which is something they hate to do. they're going to have to figure out a way to get -- my point on that is if treasury can push it out to may or june with extraordinary measures, you get passed a lot of hard core republican primaries, so members who are worried about getting challenged have less to worry a