for the post, and kudlow has declined kudlow.advised trump during the campaign, a known supporter of deep tax cuts, he shares trump's desire to slash tax rates, but disagrees on trade and protectionism. the post of kudlow would be another unorthodoxed choice by trump. according to "the wall street journal," kudlow lacks a graduate or undergraduate degree in economics and would just be the second chair without a doctorate. >>> donald trump will nominate a high profile attorney, david freeman, as ambassador to israel. freeman has served as principal adviser on israel. some of his positions are already proving controversial. in the news release, freeman advocates relocating the u.s. embassy to jerusalem, a move trump has also backed and would almost certainly enflame tensions in the holy city and the middle east. he's a supporter of building settlements in the west bank. this summer he compared members of j street, a jewish lobbyist association in washington, d.c., this way, saying, "they are far worst than kapos, jews who turned in

that's why the wa"wall street journal" is backing larry kudlow.o there will be a debate. >> we're still looking for a trade rep. the question is what that trade rep will do if you have people like wilbur ross and peter navarro dominating the trade conversation. >> absolutely. fedex was asked about it on the call, worried about it. trade is so important. nike was asked about it on the call. said it was too soon to tell. >>> president-elect trump says he will work with boeing and lockheed martin to reduce costs on defense projects including a new air force one. he met with both yesterday. >> we will get it done for less than that. we are committed to working together to make sure that happens. i was able to give the president-elect my personal commitment on behalf of the boeing company. this is a business that's important to us. we work on air force one because it's important to our country. we'll make sure he gets the best capability and that it's done affordably. >> in a statement, lockheed martin's ceo called the meeting productive. said she conv

larry kudlow or whoever got that would need to be confirmed by congress. here's the interesting thing, i can only tell you as of last night, maybe things have changed and donald changes per minute sometimes, as of last night, you know, trump was telling people he's unsure about larry kudlow in that position. he has not made up his mind and had some misgivings. larry kudlow is a free trader, rabid free trader, free market evangelical. i think he would be amazing for that job as someone who agrees with the principles. donald trump does not want in on that. connell: somebody must be saying, hey, you are going too are. >> lot of free market types including steve moore. the other person on that short list is peter navarro. somebody that is very up on china and you know, he's someone they guess trump is aligned with on issues. the professor of economics. that's where we are right now. i think if larry kudlow doesn't get this job, there's going to be a lot of free market types like steve moore, art laffer, all the guys that develop the basics of donald trump's ta

a lot of people look at the appointment, tax cutters are not getting appointed, people like larry kudlow, steve moore, who will be on later on. we'll ask him about this that is the point. he made all the promises. the market believes in promises. that is why we have the rally but will he deliver? >> that is the big question, the trillion dollar question. you can propose something but what actually gets enacted could be entirely different. we'll see what happens. he has congress he hasn't worked with before. members within his own party who are deficit hawks. david: that means they're more reluctant to go along with his big tax cuts. >> that's right. they may not be so happy about that. not to mention all the fiscal spending he is proposing. they may want to pull back on that as well. there is a lot of uncertainty about what is going to happen within his administration. david: gary, the market baked in promises but he has got to deliver now or maybe it will continue to go down? >> if donald trump announced tomorrow that they're going to leave dodd-frank alone, you will see financial stock

kudlow was an early trump supporter and served in the reagan administration as a budget official.ry kudlow is also a senior contributor to cnbc. >> no truth you got the job advising theresa may? >> still waiting for the call. not quite the end of the year. could still come. >> leather trousers a contentious issue. >> and the kitten heels. >> you got those. >> wearing them now. donald trump pushed back against an nbc news report that vladimir putin may have personally directed russian meddling in the u.s. leak shun. a kremlin spokesperson is saying either provide the evidence or stop talking about it. otherwise "it looks indecent." you can understand why some people are saying, please, show us the evidence. >> that's why the white house is getting questions not only from trump but from the inside, from some democrats saying how much did you know? when did you know it before the election? and why didn't you go public with it? sources are telling nbc that the concern among the obama administration was that they would appear that they were trying to influence the election, that they w

i can't wait to see our millionaire usher, anthony scaramucci, bring kudlow into trump tower.e should have, we should have cameras on to see anthony scaramucci bringing in larry kudlow because that would be of all the guys that anthony brought in, this would be one of the guys to celebrate if you believe in free market economics which i do, and i know you do. liz: yeah, yeah. >> we'll see our millionaire usher, ushering in a real economic guru, larry kudlow. liz: when you talk to traders, i was getting emails from scott here on the new york stock exchange, aside from the fact that we have real support from stocks across the board, it is sort of that perception in the end that it's a trump economy perhaps that could really be friendly to all of this but you and i talked about the trade element. if the trade line is free between the united states and other countries, look out below!, there could be real issues with solid companies here that need that trade. >> you're absolutely right. there is a lot of moving parts but his broad economic message is good. cut regulation, cut taxe

i heard larry kudlow was possibly slated for job.rry kudlow, cnbc commentator, our old friend, melissa. there is supply cider. no steve moore, larry kudlow or steve malpass. mnuchin goldman sachs. anthony scaramucci, goldman sachs. gary cohn, goldman sachs. they are kensyians. they are kensyians. david: it is pronounced kensyians. rhymes with brain. >> you were on editorial page of probably wrote that every other sentence because you hated goldman sachs so much. david: well i don't hate goldman sachs. i hate it when there is crony capitalism. they do a lot of that. >> did you like kens syism? david: nobody here like keynesianism. >> why is this so great? david: putting words in my mouth, charlie. putting words in our mouths. >> i would like larry kudlow. david: steve forbes is coming up because you asked him, because you asked, we'll ask steve forbes. >> tell steve i said hello. david: we want to make you happy, charlie. see you in the gym. melissa: love you, mean it. david: better pump up because melissa is after you. melissa: yaw -

larry kudlow the great economist who along with steve moore put together for donald trump's economic plan who has been with trump for a long time way back in the campaign and certainly a brilliant economist. i personally am very disappointed that trump made this pic and hired another goldman sachs guy over larry kudlow. lou: bannon of course is unique goldman sachs alone because he's an outsider of the highest order and his as anti-establishment as you can get. he's one of the guys that i really like as well. it looks like we aren't hearing from him. i then heard a word from him. he has disappeared into some sort of insular vortex within whatever it is that reince priebus is constructing over there. i am deeply troubled by the notion that people are feeding donald trump, i mean you know i begin to wonder does he know who his new rnc chairwoman is? is he briefed on the relationship, the fact that she is a swamp critter if you will in the swamp. rex tillerson a second meeting with him and condoleezza rice shows up at the trump tower and the next thing one of the largest clients if not

president-elect looking at larry kudlow for the economic council.hy the commentator is different from other republicans and why his views line up with donald trump. president obama is about to hold what is described as his final news conference of 2016 of the what he might say about russian hacking, breaking news of a chinese theft of a u.s. underwater drone. more on that in a moment. ordinary tissues left dakota's nose sore and red. so dad slayed the problem with puffs plus lotion, instead. with lotion to soothe and softness to please. a nose in need deserves puffs, indeed. jenna: bird strikes forcing two planes to make emergency landings in illinois yesterday. both planes carried more than 160 passengers. the first strike disrupted southwest airlines strike heading from chicago to las vegas causing that plane to head back to the airport. we have pictures of the second flight. the bird flew into the engine of this plane heading from chicago to florida. the captain shutting down the engine and bringing plane back to the airport. the everyone got off

. >> i have gotten to know steve, when larry kudlow and i were working with donald trump to put the taxlan together, steve mnuchin was at the table with us every step of the way. he's a supply side -- >> he is a supply cider. >> i believe so. so he's a very smart guy. i think where donald trump needs to fill in the gaps at this point, paul, when you talk about his economic team, the senior economic people like gary kohn and steve mnuchin, they're not people that paul ryan or the congressional leaders know very well. they don't know much about him either. i think that trump is going to have to pick someone at his council of economic advisers, someone like larry kudlow, perhaps, who is in the mix who does have the relationships with the paul ryans and mitch mcconnells who they trust and have long relationships with, to carry the message of how to get the tax bill done, do the deregulation, the energy policy. that's the one piece of the puzzle missing right now. >> you mentioned at an event in michigan that larry kudlow was in the mix, would maybe be chosen. you say it's not settled yet, b

the other big cabinet thing i'm hearing is the kudlow business, larry kudlow, the free market commentatornd economist is still not getting the nod. >> the council of economy adviser. >> or striving for anything economic -- >> that would be worrisome, a big reagan believer and big, big tax cuts, others not so much in the administration, so the fear seems to be if he doesn't get, it that's sending a powerful signal. >> here's the thing, a lot of the conservatives are saying, okay, you have your progressives and the keynesians are represented bigtime in the administration, gary cohn is head of the national economic association, the protectionists are protected through wilbur ross and peter navarro in various economic positions, where are the supply siders that help develop your plan? where is the arthur laffer? the steve moore? where is larry kudlow. neil: where is steve moore in this? >> he would like larry to get a the fact that larry kudlow is not in there is driving supply siders nuts right now. they're saying like where is our -- how dare you, donald trump, the guy -- we stood by you du

joining us now is cnbc senior contributor larry kudlow. that was president obama kind of taking a victory lap on the stock market. >> well, who am i to stand in the way of his victory lap? my view is stocks rebounded because stocks rebounded, company profits had a big increase after the crash of 2008-2009. i think this was largely profits driven. fed interest rates 0. i'm sure that contributed. i don't think it contributed as much as some people do. as profits have slipped in the last quarters the stock market has stopped rising until what appears to be the trump rally. i don't juwant to make this sou partisan. i don't want to trample on that stuff. >> i guess the question larly now for everybody is can a market double or triple after it just tripled? what kind of policies no matter how great they might be for growth can possibly follow up on that kind of performance? >> i believe as you heard me say it a lot of times lowering tax rates on businesses as mr. trump intends to do at the republican congress along with personal tax cuts will in

supplyside tax cutters wanted kudlow to have it. that position is still open. there's time for a supply sider to move in. that would please conservatives. >>> democratic senator chuck schumer says trump's one trillion dollar infrastructure plan sounds good to him, that's an endorsement that has a lot of conservatives concerned. should they be? jonathan, if it's good for chuck schumer, i tend to think it's not good for fiscal conservatives, what do you think? >> this is what worries me, david. the president-elect talked about this trillion dollars in spending as a means to create jobs. this is exactly what obama talked about and schumer himself talked about eight years ago. so i think if president-elect trump thinks that spending money creates jobs then saving a billion dollars on air force one isn't going to do squat. david: ingrid, he says it needn't be taxpayer money to pay for the infrastructure, he can get private financing at two trillion dollars the companies have abroad, he'd give them a big tax cut if they spend it on from forecast. -- infrastructure. >

larry kudlow i've known for generations, a good friend of mine and a great guy.rticle goes on to say this, kudlow lacks a graduate or undergraduate degree for economics and hasn't written scholarly papers. >> and i also read that rick per perry failed science in college. >> and president obama and community activism? no, drop it. >> you've got a degree in-- >> i would say this, apparently you don't have to have a job to be a president, right? so who cares if he doesn't have a degree. [laughter] >> he went to harvard. stuart: i want to move on to individual corporate stories here and i'm going to start with mcdonald's. they're talking, i believe, they're planning, what, delivery, home delivery? >> yes. >> i'd like a big mac, brought to my door, large fries and maybe an apple pie. you can do that starting in january, they're going to test it out in florida, tampa, orlando, miami. you can order off the menu and use uber eats app. now, uber eats is in about 50 cities around the world and literally much like uber cars, you can track your delivery and mcdonald's is lik

trump is unsure about possibly naming larry kudlow to have the white house economic advisers. another possible contender includes peter navarro. back to you in new york. nicole: the presidential election is history that families continue to argue about results as we head into the heart of the holiday season. according to the fox news poll last night, just over half, 51% say they have arguments with friends or family about the election. voters are divided by 77% see in the country is a dysfunctional family breaking apart. only 18% say it's a tightknit family emerging stronger from challenging times. democratic leader chuck schumer is cleaning house in the media department. the new york democrat has fired nearly everyone on this video team. senate democrats need to refocus their message on sharper videos. just before the holidays had worked in the upper chamber by two decades. back on track. growing at its lowest rate since last year according to the estimate and manage the rising debt as well. a slowdown of birth had a slight drop in immigration of contributed to just 8.7% incr

julie grace, rumors are flying that larry kudlow will be appointed to a major economic position. we first got a hint of that, we were talking to steve moore last night. let me play a clip of steve moore, then get your reaction. >> keep your eye what happens next 24, 48 hours, i think you will be very, very happy a couple of people picked for some. economic positions. not confirm yet. david: tell us more. tell us more. >> a little teaser here. david: he is a little bit of a tease, steve moore, what have you her if anything about kudlow or some of the other supply-siders that folks want in the administration? >> so i haven't heard a ton of that up on the hill. i heard more about the va secretary, heard names mitt romney floated for that, jeff littler. i know he had a meeting earlier today with, totally blanking on his name, wow. but as far as transition goes he has a lot of big decisions to make. he is meeting with people and vetting people, i think it will be interesting to see how it all pans out. david: we've got some opinions we got through "fox news poll," neil. a lot of fuss

. >>> when we come back larry kudlow will join us at post nine and get his take on this rally and howrump administration might impact the markets next year. but first, one stock helping boost the dow this morning, take a look at shares of nike after results last night. we'll talk about whether or not that can offset the weakness in goldman today. back in just a moment. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. tadirectv now. stream all your entertainment! anywhere! anytime! can we lose the 'all'. there's no cbs and we don't have a ton of sports. anywhere, any... let's lose the 'anywhere, anytime' too. you can't download on-the-go, there's no dvr, yada yada yada. stream some

>> look, this is why i have been so heavily pushing larry kudlow even making this point.mp needs their kudlow supply side. >> eyes like you are shut out. >> no, not shut out. >> you are shut out, dude. >> here is the point. it would be very wise for donald trump because they think he and his voice at the table reason. neil: dealer showed clinton when the? >> not at all. you guys are backing me in the corner. if you look at this cabinet, if you look at the people at the department of transportation and the people, andy pazner, gray free-market conservatives. down the line to epa and regulatory agency a very free-market supply-side. neil: manyfold thinkers. i understand that, but i also understand growing the economy can deal with that and get this thing going. let me tell you something. this is the most disheartening thing about donald trump. he put in an avowed progressive as head of the national economic council. gary cohen supported president obama. he broke for president obama because goldman sachs got screwed by dodd-frank. neil: the speech in there, maybe things will

does larry kudlow understand the economy? the answer is yes.his election was all about getting those academics from the imf and all these other eggheads out of there, those who don't change the economy for the good should not be in the process of making policies. >> well, and these academics, it's like a baseball player who can't hit or can't throw. not going to be good for the team. get people who can deliver results. hello. david: i like that analogy. we'll see you tomorrow on fox news channel at 11 a.m. for forbes on fox. be sure to tune in. melissa. melissa: all right. who is walking through the doors of trump tower today? the cabinet is still taking shape. we've got the details on that next. plus, my next guest is receiving phone calls, e-mails and tons of mail asking him to vote against the president-elect. will he budge? ♪ ♪ david: well, the arrivals aren't slowing down at trump tower. the president-elect continuing transition meetings today including a face to face with homeland security secretary jeh johnson. fox business' cheryl cason

>> can i first give deep and lasting respect to larry kudlow and his ideas? the couple of things i don't buy. they don't buy that congress will give him all he asks for. that is not the fault. i think they don't buy the effect of all of this stuff. there are big numbers for potential gains. there are huge numbers built in for potential gains from kaks tax cuts. there are a good amount who say a tax cut that looks like the one you guys have built which gives a lot of rebates and cuts to the wealthy doesn't end up juicing growth as much as you guys think. >> steve liesman, lower marginal tax rates your take home pay goes up. you are rewarded for work ethic and success and investment and risk taking. i think the incentive model works. you can quarrel about the a exact number. >> people have done very well. the idea that you are going to juice the incentive to work even harder doesn't seem like -- >> all i will say is this. i have a great book for you to read. christmas shopping called "jfk and the reagan revolution." we go through the numbers very carefully when

larry kudlow will discuss whether the picks will bring that deregulation so many investors are now expecting. >>> speaking of which, let's start with the market new highs. bertha coombs is in times square and bob pisani is behind us on the floor of the new york stock exchange. ladies first today. >> nasdaq all time highs stoked by small and mid caps since the election. today it is really a big cap rally. we are seeing a little more love for the tech big caps like apple up nearly 2%. alphabet is up more than 5% for the week. that is the best weekly gain it has seen since july of 2015. not huge gains today the big cap tech etfxlk is at a 16-year high. it is 25% below march 2000 all-time high. we are seeing an historic high from microsoft. at least in terms of the chart. its market cap is still well below the record 619 billion back in 1999 but price earnings ratio is about half what it was so the valuations are much different on big cap tech names. bullish earnings and bullish outlook helping to take the index for fresh high. chips have been among the best tech gainers year to date. take a loo

>>> cnbc contributor larry kudlow joins us now. he just met with mike pence.did you talk about? >> the economy. we talked about the trump stock market rally. >> and i assume he is very happy about that as you must be. let's talk a little bit more about taxes. we just had on carl ikahn. i asked him about how he would feel basically if a company he owned became untargeted by a trump administration about moving jobs overseas. his answer was interesting. i would like to get your response to it. the answer was companies will not need to do it if the kinds of tax and regulatory reforms that the trump-elect administration has talked about actually become law. >> i think he is exactly right. i think what mr. trump is doing is saying don't jump ship now because we are going to have such substantial business tax reform you won't need to jump ship between repatriation and you won't need to jump ship so i want you to stay with me right now at the beginning until we can get that legislation through. >> i love having you on cnbc and i love your being a contributor. have you

my guess is either malpass or jerry kudlow.t is open and interesting from an economic policy which could balance out the trump cabinet. the council of economic advisers is a cabinet level position. neil: reince priebus used to run not for ford. >> i remember that. what a lame of saying. i didn't realize green man. that should have disqualified him. you just can't rally round the flag and expect inflation to go down. you would have the keynesian goldman guys here and you would have at least somebody over here and maybe budget to balance it out because a lot of people believe trump ran on cutting taxes and regulations. >> he dials that back but the moderate liberal way of handling it. i don't think that's going to get the job done. >> i don't use of either. gary cohen is a very nice guy. he's a very tough but wall street i, that he's a progressive. i'm just telling you he's not draining the swamp type guy. he believes in keynesian economic, very close to obama. neil: they never become who they are in administration. >> he's part

steve liesman, larry kudlow, showdown at 12:15. i'm connecting our brains so we can share our amazing trading knowledge. why don't you just go to thinkorswim's chat rooms, where you can share strategies with thousands of other traders? mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> welcome back. i'm phil lebeau with breaking news regarding volkswagen. agreeing to a settlement regarding 3.0 liter diesel engine vehicles here in the united states. about 80,000 of them. the company has agreed that it will be offering compensation for those owners of those vehicles. remember, these are vehicles separate from the 480,000 2.0 liter settlement we saw a couple of months ago. we don't have a final price tag as far as how much the settlement will cost the company. it is expected to add, the estimate is they would add another billion dollars to the growing tab that volkswagen has faced regarding the diesel emission scandal here in the united states. back to you. >> all right, thank you very m

i think it's key that he bring someone like an art laffer or larry kudlow. to keep his promises he has to deliver that growth and those conditions for growth that pulled the market up nearly to 20,000. stuart: oil is at $53 a barrel and industrials are down. our next guest is steve hilton, a favorite guest on this program. he was with us during brexit. he got that right. he was with us during the election, november 8. welcome back. good to see you. you worked for brexit. you wanted the brits to leave the european union. then you came here and you wanted donald trump elected, right? >> exactly. stuart: this is the stock market trump rally. >> what matters is what under lies it. why is this happening? there is con fir dense and optimism about things that will affect the real economy. real people of the lives. supported by a republican congress. think of unified government behind a pro growth agenda which is likely if all goes well, to lead to higher job growth, higher income growth, more people spending, companies want to go invest. that positive cycle is what

i hate to say it again, gary cohn has his ear and not larry kudlow.ubt that kudlow won't get the -- >> there is doubt. there's other people and, you know, larry, let's be clear, larry is what he is. he's not going to back down. i mean, he won't back stab donald -- neil: are you entertaining any trump positionses? >> he wants me to clean the floors. neil: he doesn't like you, does he? >> he actually does like me. he's mad i called him out on some of his -- neil: has he tweeted anything about it? >> no, i actually know him a long time. neil: you and i both have. >> he's a great man. i didn't like some of the stuff, you know, some of the stupid things he said. i could not condone that. but net-net am i happy -- neil: but if you call the campaign, they are going to get back to you, because that's the worst call in the world, charlie gasparino on -- >> hope hicks is actually very nice. i give brian a call because i don't want to hear them curse at me. you've got to hear what somebody in the trump transition team said to brian recently when i had a call. ne

rachel: one of the names in the rumor mill would be the appointment of larry kudlow, recognized for his television commentating work as possibly the chair of the economic advisers for president trump. would you welcome him? rep. brady: that would be a grand slam appointment. experience with the federal reserve, his knowledge of free market principles on tax reform and growth, i cannot think of a better choice for this new administration. i would be very excited by that nomination. rachel: speaking of free markets i wanted to ask you a little bit about how donald trump has been talking in recent weeks about tariffs on american companies that move jobs overseas, potentially a 35% tariff. often, we hear house republicans talking about more of incentives, carrots as opposed to sticks. what do you think about this idea of a tariff? doing thisng to be as part of tax reform? i think it is right at the heart of what america knows, which is the way things are going today we just can't compete and win. we are competing with one hand tied behind our back. i am convinced that going that direction,

radical tax cutter, larry kudlow. he so far not on the trump team.ple were hoping that he would be on what happen snd. ha? >> i don't know. but having him onboard would be good. with onc council of economic advisers would be good because that is more of i think tank lethargy on good things if they get push saying this is go to be all right. just put the economic politics 2018 if we don't have a good booming economy, the republicans are going to get shellacked. that is bad not just for losing control of senate, and house, you go governorship. they set the tone for census of 2020 redrawingcongressal districts if they lose those govern ships forget it. david: we heard that might hurt republicans if we don't get a tax cut in the first year, maybe first half of the year, you might have a slow economy. some people sa well, we have to delay tax cut first do changes with obamacare. but maybe business tax cut. >> politically you have to do both, you gets a bang from both. when you lower the tax rates across the board, this is what kennedy did, hdid more on pe

news on incoming trump, making monica crowley senior director of strategic communication, and larry kudlow. chairs white house economic advisors, and steven miller is senior advisor, mr. miller appeared on hannity last night, he said that next phase is supreme court picks. >> are we getting originals on court. >> that is one first thing that is happening we're going to cabinet process right now, next is supreme court. list of 20 judges, we worked with a -- >> we have it down to a few. >> people will love who believe that constitution should be interpreted as it was intended. liz: look who is here. judge andrew napolitano. you met with president-elect trump today, what was that meeting about? >> well, what mr. miller said is true, president-elect trump is nearing end of the completing the nomination are in cabinet and -- for the cabinet and turned his attention to supreme court, i think he began today soliciting opinions from a lot of people who watch and monitor, and read about and study and write about and lekurleclercture about utter -- lecture about the supreme court to get our opinions

and this potentially could as well open up the door for larry kudlow over at the white house as well. they were two of the top for that post. just to read really briefly from this the national trade council will work the national economic council and the domestic policy council. they are trying to bring the sin with several other agencies but the focus here appears to be two things that he has talked about. trade in china. >> you wonder how he mixes in there. thank you blake. big pharma has been holding back today. the likes of pfizer and merck as we look at the points that stand out a bit. nintendo celebrating a super splash. they will follow up. if you seen at all. all kinds of records being broken. it's in the first four days. investors don't see it as a smashing success. only 8% of those people have downloaded have actually paid the one time fee. that is a problem if you are nintendo. and the stock has sold off today. america's satellite indications are at risk. even russian anti- satellite missile. how would we use our cell phones if the satellite went down. it's exclusive and it

i hope i am wrong about, that i hope apointed larry kudlow as economic advisor, and thin has an idealogicalmework, for when you tax more of something you get less, we'll generate promis profit out of that thinking that would be a more stim lative part of the platplatt -- platform. >> maybe we're looking at this wrong with too many cooks in the kitchen. but maybe there is a wealth of opinions coming in to make it a better stew in the long run. >> i believe that is an astute point. he almost creates chaos. he lives off that and he finds the path. david: coming up president-elect trump's plans to roll back financial regulation may not be such good news for all banks after all. we discuss it coming next. david: president-elect trump may have negotiated a deal with boeing ceo, but boeing is making a deal with middle eastern buyers, we'll tell you who after this. t. rowe price. invest with confidence. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? d

and there are free traders like kudlow and steve moore and others who say, you know, generally speaking more global trade is better for the world and ultimately better for us. i think t.p.p. is history. i think it's an unfortunate fact that that's the case because we could have withstood to benefit greatly from that. i don't know who's going to ultimately win the argument. i think he'll look for individual instances where he can say he kept x u.s. jobs making some small move that does that. like massive tariffs on mexico and china, it would be insane and so i don't think he'll do it -- think he will do it. >> he moves on china to import tariff, something like that. china decides that it's next big order for planes, it goes to -- >> airbus. >> airbus, right? >> that is why he cannot do it. >> boeing knocks on the door and says mr. trump, mr. president, look what happened? and then he'll answers uns the dynamic which -- i remember when i was overseas. you could -- for better or worse, and we can argue about this, u.s. foreign policy was boeing foreign policy. or it was bank opening up for

now let's bring in larry kudlow, our senior cnbc contributor. good to see you. >> thank you. >> earlier, we referenced to the big trump tease. a message is going to be released sometime after 4:00 p.m. that will be very favorable for american workers. give us a hint, larry. what is it? >> i don't know. i'm sure mr. trump is going to have something to say about these very strong confidence numbers and his overall economic growth plan, tax reform, regulatory reform, energy reform, maybe better trade deals. it is hard to say. but you can see whether it is the stock market or the confidence numbers, there is an uplifting feeling going on. a lost pessimism is dissolving. we're finishing the year on a high note. i'm sure mr. trump will make note of that too. i hope he follows through on his policies. that's all. clean the swamp, drain the swamp, i'm for it. >> draining the swamp, we can talk about that there are those who criticize whether he's gone about draining the swamp with some of his appointments, that being said, moving back to the idea that t

larry kudlow there in the administration the last time we got it passed will join us.final trades out of oil when "power lunch" returns. ♪ ♪ well, if you want to sing out, sing out ♪ ♪ and if you want to be free, be free ♪ ♪ 'cause there's a million things to be ♪ ♪ you know that there are ♪ and if you want to be me, be me ♪ ♪ and if you want to be you, be you ♪ ♪ 'cause there's a million things to do ♪ ♪ you know that there are ♪ >>> hello, everybody. i'm sue herera. here is your cnbc news update at this hour. the obama administration is ending some armed sales to saudi arabia over concerns about the killing of civilians in yemen by a saudi led coalition. the sales being canceled involve precision guided munitions. microsoft co-founder and philanthropist bill gates immedia meeting with donald trump at trump tower. >> we had a good conversation about innovation, how it can help in health, education, impact the foreign aid and energy and wide ranging conversation about the power of innovation. >>> a handwritten and hand illustrated volume of stories given by jk rowling

larry kudlow. bill: mother's milk. we know all of his lines.e you later today and see you at 4:00. >> fox business. i'll be here on news channel at 2:00 p.m. >> 20k. >> i got a busy day. bill: thanks, melissa. martha: so former clinton campaign chair john podesta exposed something, quote, deeply broken at the fbi. former speaker of the house newt gingrich reacts to that. bill: also with members of the electoral college, will they flip their vote to go against donald trump? apparently they need 37. is that possible? will that happen? >>> one lawyer arguing it's their constitutional right to do so. we'll get into that. but first from last night in pa, here is the president-elect. >> it's about you, it's not about me. it's about you. i am asking you to dream big and bold and daring things for your family and for your country. i am asked you to believe in yourself again, and i'm asking you to believe in america. see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me

a lot of core beliefs, folks are upset there aren't more tax cutters or people like larry kudlow and steve moore and steve forbes and so forth. but the core belief, i believe, when you hear donald trump talk is that incentives matter. if that you have more incentives for people to keep more of what they earn or corporations to keep more of what they earn, you will have greater growth in the society. he believes in that core belief of tax cutters does he not? >> i believe he does, i believe he does, and i think they're trying, the proposal is to cut the right to 15%, that's the proposal that's in front of congress right now. david: that is more than half. so you go from close to -- it says 35% there, when you add the extras with the obamacare tax it could be up to 40%, down to 15%. huge cut in corporate taxes and similar cut in personal taxes. do you think that will increase our growth? >> i think so, and i think what's dramatic is you can go from seven brackets to three brackets, the top rate from 39.6 to 33%, this is all potentially, but i think the potential shock is they're talkin

been with you since kudlow and cramer. >> that is ages ago.call she is 20 years old, going to call edge. shout out to valencia college in orlando, florida. a three-month free-fall since -- >> we think that there could be, what we are looking for is an expiration. maybe they come up but there is 40% short which makes me concern. long-term, i like it very much. it is the backbone of sho muo mf the internet. last one, mike in kentucky. must be lucky. mike? >> caller: thanks for taking my call. shareholder with energy partnership. >> that's kelsey warren. too much after deal make he for me. zw that at 12%. hey, that's probably good for the lightning companies. that's it for the lightning round. >> the lightning round is sponsored by td ameritrade. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person rig

> reporter: i am here with larry kudlow.st stopped by. he is on his way in to talk to donald trump at the bottom of the hour. he has agreed to give us a couple of minutes. let me ask you your impression of the transition. we saw the announcement of the trump ceo council and business advisers. what do you make of that and what you have seen so far? >> in terms of council he has the best and the brightest ceos and i'm sure he will use them as a consulitative sounding board. terrific idea, keep in touch. he has made his statements and wants topromote american business and jobs. the big tax cut bill will come. that will take a little while. i think mr. trump got off to a very good start yesterday saying keep in america. america first. we want to protect america and give you incentives with the tax bill. >> we saw ken langone saying the danger is the impression of a managed economy and wants mr. trump to be remembering that we don't have that. how do you come with that challenge of pushing ceos to do what you want? >> i don't thi

i'm waiting for some somewhere along the time, steve moore and larry kudlow get there. if they got in there i would jump up and down and spit wooden nickles. david: for the sake of the laffer curve, i hope you're right. >> thank you very much, david. david: thanks very much, art. melissa: record day on wall street, dow, s&p 500 and nasdaq all closing at brand new record highs. take a look at this. dow ending about 85 points away from 20,000. it has been three weeks to the day when we first hit 19,000. can you believe that? what a wild ride, as the trump rally rolls on. david: oh, seems unstoppable, for the moment. anything can happen. exposed for being a political hack, his words, in the "new york times" hires him. new details you will not going to believe. melissa: the president-elect's choice for secretary of state is drawing praise and alarm. nile gardiner, advisor to margaret thatcher, sounds off on rex tillerson's controversial ties to russia and vladmir putin. >> when he gets the friendship award from a butcher, frankly it's an issue that i think needs to be exami

and our friend and colleague larry kudlow is one of the contenders for that. so we don't know. the way that sean spicer phrased this announcement, saying it was about economic development would be good for american workers sounded to me like it was something regarding a particular set of jobs associated with a factory or a deal. but we're going to have to wait and see when he announces it this afternoon. >> and john, what we're seeing right now, our viewers, donald trump just coming outside the front door of his estate, mar-a-lago, waving to the crowd. he was meeting with david rubenstein earlier today. we don't know what they discussed. kayla, with regard to your question on tax reform, my question is it would be, based on people i spoke with the last few days in washington, d.c., more about a specific company or industry, because i can -- and john can probably confirm this -- despite donald trump being the gop nominee, they are ve very, say far apart in what paul ryan or donald trump may want to get from tax reform, are they not, john? >> yes, sure, there's some distance, but

it's true, i larry kudlow and i'm a local.actually, when random house started organizing this, which one? that works. this one doesn't sound great. random house said a while back when we finally got this thing published, it's good to have a couple local bookstores and i said how about across the street? he said terrific idea. weregoing to do a bunch of these around the country, we've done tons and tons of media .a lovely op-ed piece of ours was published in today's wall street journal. this is my cowriter and a good friend brian domitrovic. brian by the way is the head of the laffer center? >> senior associate. >> senior associate and a longtime friend of mine. his previous book iconoclast was all about the supply side revival going on and he's a harvard trained historian as i've said before. his historiography is the glue that held this entire book together so what i want to do is just read a few excerpts from this thing to get a feel for it and brian will then speak on whatever he wishes to speak about and then we will enjoy some wine, cheese, whatever's out there. i wanted again,

and there are free traders like kudlow and steve moore and others who say, you know, generally speaking, more global trade is better for the world and ultimately better for us. i think tpp is history. i think it's an unfortunate fact that that's the case, because we could have stood to benefit greatly from that. i don't know who's going to ultimately win the argument. i think he'll look for individual instances where he can say he kept x u.s. jobs in the u.s. by browbeating a company not to move or making some small move that does that. like massive tariffs on mexico and china, it would be insane, and so i don't think he will do it. ben w.: -- steve: he moves on china to import tariff, something like that. china decides that it's next big order for planes, it goes to -- ben w.: airbus. steve: airbus, right? ben w.: that is why he cannot do it. steve: boeing knocks on the door, and says mr. trump, mr. president, look what happened? and then he will understand that ou dynamic by which -- i remember when i was overseas. you could -- for better or worse, and we can argue about this, u.s. fo

. >> i ultimately do think and now i sound like kudlow, growth cures a lot of ills.ut if we could get the economy growing in a faster -- i think that a lot of the it is content a it is contents that caused us to turn more inward could be -- >> thank you. >>> coming up, first brexit and then trump. will this weekend's italian referendum be the third surprise of 2016? what it means for the european union next. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. >>> welcome back to "squawk box." time for the executive edge. we are talking about the power of pop uhe limulispopulism. brexit and then trump's victory. the next country to face a critical vote, italy. julia chatterley joining us with more. >> reporter: well, as you pointed out, the wh

and there are free traders like kudlow and steve moore and others who say, you know, generally speaking more global trade is better for the world and ultimately better for us. i think t.p.p. is history. i think it's an unfortunate fact that that's the case because we could have withstood to benefit greatly from that. i don't know who's going to ultimately win the argument. i think he'll look for individual instances where he can say he kept x u.s. jobs

so does larry kudlow join us. he is cnbc contributor and informal trump adviser. leslie, what to you think will happen with this tax holiday? skbl talking to dozens of bankers focussed on this stuff and speaking to people is that executives are looking at this influx of cash, maybe a trillion dollars worth of the 2 trillion trapped overseas as a way to do m&a. that has been true in past tax holidays. so they are expecting more of the same this time. >> what do you think is going to happen with this holiday? >> i just think repate reeuation of cash is absolutely terrific. however corporations use it in the united states is a good thing, not a bad thing. you will unlock cash and put new cash in investor hands whether dividends, whether shareholder buybacks or if it is m&a. you will re-oxygen ate the entire economy. look at this. go through this with george w. bush which had a small run for one year, $300 million. look at the job impact. the so-called jobless recovery 2013 nothing. 2003. 2004 when this tax law went into place 2 million new jobs created. in 2005, 2.5

thateports this afternoon president-elect donald trump may select larry kudlow to to chair the white house council of economic advisers, saying conservative economist stephen moore advised the trump campaign , saying that donald trump could promote kudlow for the job in the next 48 hours. donald trump and mike hands off to hershey, pennsylvania as part of their thank you tour. we will have that here on c-span, and look for evidence with donald trump in florida, alabama on saturday. our live coverage from trump tower continues online at c-span.org. up next, we take you to the afghanistan and acid or to the united states on looking ahead to afghan relations with the trumpet ministration, and we talk about stabilizing security in the region. >> good morning. thank you for joining us at the heritage foundation. we appreciate those joining us on the heritage.org website. for those in-house, make that courtesy check that cell phones and other mobile devices have been silenced as a currency to our speaker and, of course, we will post the heritage program on the website following today's pre

hearing from any of the appointments he's recently made and certainly not from, hey, maybe larry kudlowr of the cea, certainly a free trader there. i'm not seeing the market pricing in that fearful reality of what those implications could be across multinational businesses. >> jeff, another call you have here underweight europe, is that still what you're telling investors to do next year? >> yeah, looks like another year of europe maybe lagging the u.s. one thing you've got the dollar rallying, that may continue to act as a drag. >> that helps, doesn't it? european profits will go up with the weaker euro, europe's a lot more inexpensive when you look at a multiple basis. and if the u.s. kbhi does better, that should help europe too. >> yeah, on the margins certainly, but relative economic growth is favoring the u.s. the imf expects the u.s. to go from 1.6 to 2.2% economic growth next year. europe's going to remain about 1.5, 1.6. economic surprises rolling over in the eurozone versus picking up the u.s. and the currency effect still acts as a drag when you're investing overseas. i think

. >> that was a very cryptic no comment from larry kudlow just now. it is one month since election day. we are this much closer to dow 20,000. stocks are higher again. i was just talking to a trader on the floor. we all agree stock prices will never go down again. >> that is not a sign of euphoria. >> we continue to move higher. we have someone who says this rally is not overdone and there are many areas of the market that are still having room to run. that will be coming up later. >> if you are invested heavily in the bond market as so many have been, your portfolio could be down since the election. we have more on how exposed you should be to fixed income right now. >> and as the transports also hit new highs a new report says airline profits could decline next year. we have a debate on which airline stocks could be worth buying in the meantime. >> we are watching trump tower. the president-elect's cabinet is taking shape. we will talk about stories to lead the epa with harold ham to ring the closing bell, continental resources. we will speak to him