kudlow: good question. i have known president trump for many years, not intimately, but probably 20 years. interviewed him many times on various tv and radio shows. helped him with his campaign on tax cuts and the economy. we talked about coming in at different points. i was still working as a commentator for cnbc and my radio show, just finished the book. i wasn't really in any rush to jump in. i did this, as you know, over 35 years ago, i was one of the omb deputies for economics. this was a more senior position. then he called me in a march. i was coming back from connecticut. on a sunday afternoon, i was coming back from playing tennis. the phone rings and it's the situation room. we talked for about 35-40 minutes. i pulled over on the side of the road. he said -- we didn't really get to it. i thought he was going to yell at me, because he established steel tariffs, which i did not approve of. i had written an op-ed opposing his national security steel tariffs. i thought he was calling to balk me out. h

kudlow: i think that word pressure, that is your word. i think we have, is having the desired effect? the u.s. and mexico have generated a strong deal, a free trade deal, progrowth deal as an example. canada should study how we put this together. i don't know about pressure. there are a lot of issues that andould deal with, compromise where necessary. that is what happens. take a look at what we just did. it's a tough deal. i don't think a lot of people thought we would get a mexico deal. and everybody is proud of it. the mexican side is great. great, robert lighthizer, jared kushner, i mean you can do it. if you want to do it, you can do it. don't know. i they are canada, we are the usa. we all make decisions protecting our countries and our workforces. it's not pressure. it's just saying hey, look at this. [inaudible] what you want, legalese? do you play the process out, do you make the deal on principle? that's holding. and then you send it up to the hill. what is the process, three months? deals with itess and there will be amendments

kudlow is a friend of mine.ore he took the job, i warned him, larry, you are going to go into a situation. you know the value of trade, and you are going to put yourself in a situation in which the president is going to make you get up and defend some things you don't like. i think he's inching his way closer into that space. i think he's right that the chinese economy has not grown at the 8% to 9% rates it did at a long time. their growth has slowed down to, let's say, 6%. if people are going to convince themselves that that means this is a good idea, they are deeply mistaken. if we get a trade war between the two largest economies of the world that spirals out of control, it will mean a recession for both of us. that is why they say there is no winner in a trade war. if they are trying to negotiate something, it would help if we had some discussions going on with china. just publicly saying we are going to attack them when you know perfectly well they can devalue their currency, and all this is going to do is

kudlow is saying susan is right.are up 36 points in dow industrials, 2 or 3 minutes up 37 points. now, the cbs conference call, they were on the call after reported profits that guy there, les moonves on the call, hey, you analysts, do not ask him any questions about the sexual harassments against him, they complied, no questions, bottom line david deets the analysts are not doing their job. >> nothing new to that, they are afraid of not having access. that's why i'm independent adviser. you've given my line today. >> investors count on the analysts, they keep trying to prove their credibility and they just blew that opportunity. they could -- they could have asked the hard questions and proved their credibility. stuart: what do you say, susan? >> i was disappointed, as journalist ifs we wouldn't ask the hard questions we would be criticized, couldn't they ask about succession planning which i imagine has an impact on where cbs goes. stuart: analysts should not be in bed with the company and should not -- ashley: but

you heard larry kudlow in front of the cabinet briefing him on the state of the u.s. economy and also i thought was notable there is that you heard larry kudlow taking a dig at the chinese economy by contrast of the united states. he said they are heading south, business investment is collapsing, according to numbers. right now he said their xi looks terrible another nugget from the meeting with the president that wrapped up a few moments ago we haven't gotten the video of this just yet. butting is mnuchin talked about sanctions with turkey and expressly linked it to the pastor held in turkey, that has been the source of so much controversy. mnuchin saying we have more, more sanctions that we are planning to do if they don't release him quickly. so clearly, the united states side is thinking about more sanctions on turkey if that pastor is not released quickly in the words of the secretary of the treasury back over to you guys. >> a remarkable moment watching our former colleague there addressing a cabinet meeting on the economy a real debrief there. thanks one of the

kudlow said, he is not backing off at all.line with the europeans with, mexico, canada, et cetera, et cetera. you approve of that? is that the way to get a trade deal, a hard-line? >> my coauthor, larry kudlow knows what he is talking about. if the means is threatening tariffs and it works of course that policy should be pursued. and if that worked with mexico and canada and the eu, that's why i'm saying there is no bar to start to talk about 5% growth. that would be a new thing in experience in the 21st century. stuart: can we get it? can you get lower tariff barriers or no tariffs at all? is that a realistic proposition? >> given that low tariffs and no tariffs benefit everybody, in the high tariffs benefit the few, it is in the general interest for their to be low tariffs. so i would be very, i would expect we would, yes, have good reason to believe that we can get lower, no tariffs across the board. stuart: let me go back aways, back to the election of 2016. on election night we had several prominent economists saying look

larry kudlow says the president will not back off china.na stepping in, closing in on a record weekly losing streak. we begin with the big issue, another solid jobs report. >> this truly is solid as a rock. >> a good jobs report today. >> the big surprise this year is that the amount of jobs added per month on average is accelerating. the whole same was that job growth will go down towards 100,000. and it jumped from last year. >> we are eventually going to have to see a ratcheting down of job growth to around 100,000-125,000 a month given our demographics and what we are doing with the immigration policy, given aging of the workforce. >> will see folks pulled from the sideline. if you look at the underemployment rate, it has dipped down to 7.5% but there is still some slack. >> we will downshift to 120,000 jobs. you are just running out of available labor. >> there are still a lot of americans out there it could come back into the labor force. i like that. i think our potential to grow is very strong. with the right incentives i think we w

it's great to see you, thank you very much. >> larry kudlow.rade tomorrow morning on squawk box when steve mnuchin will join us at 8:00 a.m. eastern time >>> jet blue taking a big step that could have some customers seeing red those details next where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed. everything was so fresh in the beginning... but that plug quickly faded. luckily there's new febreze plug. it cleans away odors and freshens for 1200 hours. breathe happy with new febreze plug. it's pretty amazing out there. the world is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american

we go from kudlow to cramer.r "squawk on the street. ♪ >>> good thursday morning. welcome to "squawk on the street." i'm carl

larry kudlow was out here talking about the job numbers. the questions were how come you missed expectations? kudlow putting his best spin on the record that he could saying look, the numbers for may and june were revised upwards. so if you take the three-month running average, that puts job creation at 224,000 per month, which is good in anyone's books. kudlow says the economy is looking good, the job numbers are strong and the forecast for economic growth in the future is looking good as well. listen to what he said. >> we're at a high plateau. manufacturing was strong. professional services, unemployment went down. very nice report. the atlanta fed, gdp model, preliminary, predicting 5% for q3. i would be happy with 3. they're predicting 5. we're off to a good start. >> the unemployment numbers dropped before 4% to 3.9%. that puts it .2 off of a 50 year low. back in 1969, the unemployment rate was 3.7%. we're close to that. republicans are complaining the white house isn't doing enough to sell the good economic numbers ahead of the mid-t

as for whether those comments are scripted we know larry kudlow, a colleague of ours. and if there's one thing we know he knows how to create a sound bite it is something that not only did he say that resonated with the president, the president watched it on tv, he liked it, and he asked larry to stand up and say it again >> i knew there was something going on behind the scenes peter bookvar has a view there's an element of politics in this in terms of the mid-term elections, the idea get some kind of deal with china. maybe there's not even a real deal behind it, but get something that looks like a deal ahead of november. does that make sense to you? >> right, even if you don't get a deal, andrew, there is something to be said for maybe staving off some of the more painful parts of what this trade war could potentially bring to the u.s. or even to china for the time being i've heard executives openly wonder about what the president's strategy is going to be on trade going into the mid-terms because on one hand his base really likes the tariffs. his base likes him holdi

kudlow: ilow -- mr. have been a believer under that right policy, we can grow the american economy at least at its historic rate, which, since world war ii, for more or less 1950 to 2000 and we grew at 3 1/2% a year after inflation, and i do not see why we cannot replicate that. >> friday at 9:15 eastern on c-span, www.c-span.org, or listen with the free c-span radio app. earlier today a group of her public and senators spoke in the ol about brett kavanaugh's supreme court nomination. this is about 25 minutes. >> double stacked in the. we are in the process. good morning, everyone. have some brief comments and we will allow time for questions. i want to thank my colleagues, hatch,n hatch, chairman chairman grassley come and senator lee for joining us. senator cornyn will join us in a few moments. tois under -- important understand process that we will go through the next several weeks leading to the confirmation hearings to give you a representation of the school of the documentation. in the past them 17

reporter: we are taking a look at it, larry kudlow said.the way, google denies there was any involvement whatsoever between search results and possible political bias. this was a statement that a company spokesperson produced earlier today, saying quote, search is not used to set a political agenda and we don't bias our results toward any political ideology. they go on to write we continually work to improve google search and we never rank search results to manipulate political sentiment. back to you. kristina: wow. wow. government regulation in big tech. that's big. thank you very much. david: how would that work? we don't know where it would begin. with reaction is fox news political analyst, giano carlo. let's talk about bias and google. have you noticed it? >> i would say i have not noticed it at google but across social media, i tell you there was a poll that came out recently which said 72% of americans believed that there is censoring going on when it comes to social media, almost half of those being republicans. we talked about this

krishna: i would say larry kudlow and the administration are wrong on all fronts. let me elaborate.irst, if you want to reduce trade deficit, first you have to reduce your fiscal deficit. that is the primary driver of the trade deficit. two, in terms of pressuring china, china is a controlled economy. they can get it down, they have a lot of flexibility on that. they did that and can do it again. the u.s., we just shot our wad with respect to fiscal stimulus, so our growth rate is relatively modest. we have more to lose on that front then them. -- than them. we just have to be very careful. i think i understand why they would want to do that, but tariffs are the worst thing you can do to address your trade issue. jonathan: you are sticking with me along with mary bowers and bryce doty. coming up, the auction block. u.s. treasury boosting long-term debt sales to the highest level since 2010. that conversation is next. this is "real yield." ♪ ♪ jonathan: i am jonathan ferro. this is "real yield." i want to head to the auction block. japan amid a volatile week. a 10-year debt auction s

kudlow coming up at 8:30. brian: bragging. >> katie: i got to get it all in. brian: michael cohen has made a lot of dumb statements and done a lot of dumb things. dumbest thing is hiring

the cbo is not as optimistic as kudlow. the cbo predicts the economy will grow 3.1%.y see it tapering off. 2.1% next year and 1.7% in 2020. by then, the effects of tax cuts would have faded and higher interest rates could cut into spending leaving the u.s. to face climbing deficits. >>> breaking news. a phoenix police officer in critical condition at this hour after being shot. a man parked in a vehicle in north phoenix fired at the officer twice. he returned fire. officer and suspect in critical condition. the officer is not identified. he has been with the department for a year. we will bring you more information when it becomes available. >>> a grim end to the search for the colorado mom and two children. shanann watts body discovered on the property of his former employer. the remains of the daughters were found nearby. her husband accused of killing all three of them. we get more from cnn's paul vercamman. >> reporter: christine, chris watts walked into court in an orange jump suit and reading glasses. his expression blank. this is the same man earlier in the wee

larry kudlow explained it. >> confidence numbers, large businesses, small businesses, and consumer confidence numbers are at or near record highs and from the latest surveys are continuing to rise. charles: walmart just amazing.

larry kudlow was speaking to fox business earlier on.hen he leaves this spot right behind me, he travels along, reporters surround him and ask him questions, and he pretty much commented on exactly that, look at china, look at the economy right now. you're seeing their currency continue to be fall. yes it could be done purposely. but nonetheless hurting their economy. this is a moment of strength for the united states. however if you look on the flip side, you have a president of a country in a lifetime term, right? so he can play the game a little by longer, not worry so much about elections. so there is a little bit of playing factor the fact they continue to devalue the currency. that's not, that's not cool if you put it in that sense but like steve did mention, yes, larry kudlow did preface that the united states right now is in a stronger position. but when is this going to end? what does it take for china to turn the practices around? i don't know how we get them to prove they're going to do that? trish: i really do, steve, we are

. >> we have heard complaints by twitter and his own economic advisers including larry kudlow, that heoes not like the rate hike path jerome powell has put the u.s.o n. on. but now these remarks to a group

when i listen to larry kudlow, i think yes, yes, yes, these are the things i have been talking about for a long time. the evidence began immediately. after president trump was elected, the consumer confidence levels exploded. now we are seeing the manifestation of that. >> you have been seeing it for a long time. i have been living it. i live in rural wisconsin. places where the obama economy wasn't good for them. if walmart is doing this one know consumer confidence is going up. walmart making good on its evident to compete on groceries. now they are going to deliver or do pickup which in cold wisconsin is music to my ears. they are also competing on retail. which also works in rural america. i would much rather return my item at the store than deal with the packaging. charles: yesterday the two things that stood out were restaurants with the strongest month over year and year over year gains and department stores. people are going to the mall. walmart has been an example. walmart saw a bit of a slowdown because food tamps went down. the decline of food stamp use earlier in the year

and larry kudlow saying he was completely unaware of these views. >> that's a tough one. eamon javers at the white house. >> any market impact of that one? >> no. >> no. >> no. >> only if you thought larry was at risk for any reason larry is the guy behind, no barrier, no subsidies which is a very different -- >> i think he was with navarro what are you talking about >> think he's stayed pretty prg matich >> i respect a guy who steps in and says this is what i stand for. >> i think he's been very clear and he's embraced the president's position on trade. >> he's definitely softer. >> all right that's been an incredibly dramatic "fast money," thanks for joining us >> thank >> "mad money" with jim cramer right now. >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money my job isn't just to entertain you

we go from kudlow to cramer. right now it is time for "squawk on the street. ♪ >>> good thursday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer at the new york stock exchange chuck robbins joins us shortly >>> u.s.-china trade talks may resume this month. walmart posted the best comps in six months econdata is mixed this morning a couple of big movers, walmart beats and raises, popping premarket. the s.e.c. subpoenas tesla >>> and cramer's interview with senator elizabeth warren you'll hear her plan for new representation at corporations >>> first up, walmart though poised to erase year-to-date losses after posting upbeat results and guidance, e-com up 40%. they raised their guide on eps, on comps, on margin. >> 100 million people shop there. and it is america. those who have been following what they've been doing realize this is the fruits of doug mcmilllon's labor. he's said he had to change the culture. this is what happens it trades to 100 because people are giving it a 20 mu

is it kudlow? lighthizer? one note saying, is everybody happy with xi jinping's communication with trump? is everybody happy in china handling of the trade position? equity markets have been a relief this morning. anna: the relief we saw on friday, partly because of larry kudlow's comments, how is that going to translate into today's trading session? larry kudlow talking about how high-level conversations about trade had resumed. looking at rhetoric over the weekend, this is what the futures are factoring in right now. things seem a little bit quieter as you go to the u.s. -- as we .o through august, i should say we still have a season is less to talk about. you spoke earlier on. the hsbc cfo. we are going to be bringing that interview to our viewers as well a little bit later on. the numbers broke around 40 minutes ago. you spoke to this area. in the middle east. >> we did indeed. you do when i am away on holiday. you asked, are you running free? i asked the same kind of question this morning. what does he me

you read stood out to me which is i mean, alibaba seems like a tell on the chinese consumer larry kudlowesident's chief economic adviser says the chinese economy is terrible. is that what you're getting from the alibaba report >> no. certainly if you look at the pressure, there would be two concerns that the street would flag what they think investors are reacting to. one is a potential trade war, one what they see as a soft thing. however, strong numbers from joe tsai's company this morning, sara >> thank you, josh goldman, sachs is out with a new report, vc funding in asia surpassed north america the second quarter in a row, alibaba and ten cent and softbank leading the way as every major private company in china has one of those five companies as an investor for his take on alibaba and other tech stocks, bring in the managing director with ljh investment advisers as well as our own mike santoli good morning to you both larry, you look at alibaba's earnings report, yes, they are investing, that might have concerned some people, but there's attention to the top line here and expanding p

kudlow saying the president will not back down.ields holding just below 3% of the moment while the dollar is now losing .2%. the pbocuse we saw moved to make it more expensive to short the yuan. the offshore yuan gaining strength against the dollar. amanda: trade in focus on the data side. the u.s. trade deficit widening. in canada a surprising narrowing of the trade deficit. exports surging to 4%. a big decline in the deficit with the u.s. that is despite the fact you are seeing the effect of tariffs on's real and alumina plunging exports of those commodities -- tariffs on steel and aluminum. look at the canadian dollar in response. this is not a rate hike for our central bank moving much higher in the wake of that. that as the u.s. dollar very strong today. the canadian dollar definitely will keep some strength as we digest these numbers. the u.s. jobs engine keeps humming along. employers added workers at a steady, slightly cooler pace in july that fell below consensus forecast. as a next guest wrote, revisions do matter and we

eastern, watch our profile interview with larry kudlow, director of the national economic council and advisor to president trump. >> i have been a believer that under the right policies which provide economic opportunity and freedom and incentives, we can grow the american economy at least at its historic rates. which, since world war ii, 1950-2000. we grew at 3.5 percent a year after inflation. i see no reason why we can't replicate that with proper policies. >> larry kudlow friday night at 9:15 p.m. eastern on c-span, c-span.org or listen with the radio app. senate confirmation hearings for brett kavanaugh to be a supreme court justice are expected in september. senators are likely to question judge brett kavanaugh about roe v wade that struck down many restrictions on abortion but on tuesday 8:00 p.m. eastern, an in-depth look at roe versus wade. supreme court reporter david savage discussing judge cavanaugh's nomination and the abortion issue. >> members of the trump administration's national security and intelligence team talked about there efforts to combat election interference

kudlow: thank you, sir. the president: i'd like to ask ryan zinke, secretary, who actually i watched this morning. he was giving a rundown on the horrible fires that are taking place mostly in california. and i thought what he said was so true and, actually, rather incredible -- people don't hear it -- they don't hear it like it is. there are things you can do about those fires before they start, and you wouldn't have nearly the damage and the problems. we're spending a fortune in california because of poor maintenance and because, frankly, they're sending a lot of water out to the pacific to protect the smelt. and, by the way, it's not working. the smelt is not doing well. but we're sending millions and millions of gallons, right out into the pacific ocean, of beautiful, clean water coming up from the north -- or coming down from the north. and i thought ryan was great this morning. so before we start on a couple of other things we'll be discussing today, including, very importantly, schools and education,

larry kudlow tells cnbc china is not a good prospect for market participants >> i think investors are moving out of klein becauchina becauset like the economy and they're coming to the usa because they like the economy i'm not a china expert, but i would say right now their economy looks terrible. >>> atlantia shares rebound as the italian government opens a formal investigation into the genoa bridge collapse. >> translator: we know there are breaches, we will ask for the suspension of the concessions because of those breaches. one cannot die in highway after paying the highway toll. >>> an icy welcome for the new man in control of airfrance-klm. shares sell off after benjamin smith is named as ceo. >>> charting the course. danish shipping giant maersk announces the sale of its drilling giant >>> good morning welcome. atlantia shares are rebounding after a sharp drop on thursday there's an investigation into the country's biggest toll operator after the bridge collapse this week that left at least 38 people dead italy's transport ministry says transauto has 15 days to prove it perform

kudlow: yes, sir. appreciate it. high, everybody. mediai am looking at the and watching various tv and other outlets talk about stuff that baffles me. here's the key point i made yesterday, i will make it to you today. by far, the biggest single event political or otherwise, this thatis an economic boom most people thought would be impossible. not a rise, not a blip, a genuine economic boom. everybody wrote us off going back to the campaign. last year and now this year. the numbers just keep coming in, which is one of the reasons i tried to get the president on this. we have 3.1% gdp in the first half of the year. 4.1 in the second quarter. the point, anybody who does political forecasting using the economy always focuses on a number of real disposable income. think of it as after-tax pay. take-home pay. that measure is growing at 3.1% the last 12 months. when we came to office, it was less than 1% on a 12 month basis. arele say only a few benefiting. not true. this is the entire economy. everybody's wage and salary is growing. 3% is

kudlow is right. the economy is strong by spending and lower taxes.h than a permanent fix? the u.s. economy grew 4.1%. the recent tax cuts boosted spending and investment. the living threat of tariffs prompted a rush of exports. particularly soybeans. that was the sugar rush. economists expect both to slow for the rest of the year. here is what the cbo says. not as optimistic as kudlow. the u.s. economy will grow 3.1% this year. that is fine. look, that slows to 2.4% next year and 1.7% by the near 2020. by then. effects of tax cuts faded and interest rates could cut into consumer spending leaving consumers to face rising deficits and the national debt. >>> breaking news from phoenix. a police officer is in critical condition at this hour after shot last night. according to police, a man in a parked vehicled in north phoenix fired -- vehicle in north phoenix fired at the officer twice. the officer would is not being identified has been with the department for about a year. we will bring you more information when it becomes available. >>> a grim end to

yesterday, larry kudlow a man i respected for many years that voice that beautiful voice, i've heard it so many years, talking about financial and he came into my office and he made a statement that was something that was very beautiful and i'd like to maybe ask him to say a little about what he told me last night larry. >> yes, sir. thank you. i appreciate it. it's a simple thought. most good things are but i'm looking at the media and watching tv and other people talk about stuff that baffles me but it's outside my lane here's the key point i made to the president yesterday. i'll make it to you today. i hope we all keep making it by far, by far, the single biggest event be it political or otherwise, this year, is an economic boom that most people thought would be impossible to generate not a rise, not a blip a genuine economic boom. and everybody saw going back to the campaign, as was put into place last year and now this year, the numbers are coming in, they keep coming in, which is one of the reasons i tried to get ahold of the president on this, i mean we got 3.1% gdp in the fir

host: larry kudlow on fox news business yesterday.e sat down with the president's director of the national economic council for a c-span profile interview. he talks about his life, his career, his battle with eviction, growing up -- addiction, growing up as a supporter of mccarthy and how he was offered a job serving in the trump administration. now, to your phone calls. a couple of tweets from georgia who says the good news on jobs is the same good news americans happen hearing for the last three years. 81 consecutive months of jobs growth, good news. your own situation, we want to hear from you. mike is joining us from north carolina. tell us your story. good morning. we will try eric in atlanta. good morning. caller: hello? host: go ahead, eric. caller: my situation is i recently lost a job. i was making steel parts. this is a fake -- why don't you show some of trump's statements about the unemployment rate when obama was president? during the reagan administration, we had one that wasobs created -- the amnesty part. the unemployme

the "washington post" reports he and kudlow have been friends for nearly 40 years. white identity politics through a contributor network that the southern poverty law center has described at white supremacists, anti-semites and radicals on the right. the party was held one day after a white house speech writer was dismissed amid reports that he had spoken at a white nationalist conference in 2016. in a statement provided to cnbc where he had worked as a contributor for many years kudlow says he was disappointed and saddened to learn of imlow's views and if i had known any of that i wouldn't have invited him. i don't agree with any of that. >>> let's get a check on your weather now. bill, hurricane lane now a category 5. >> what a storm. hawaii has never had a storm in our recorded history that we know of this strong near the hawaiian islands. you have to go back to 1992, a billion dollar disaster, 145 mile per hour winds at landfall, that was the last time hawaii has come close to anything like this before. they are rushing to make the last minute preparations as th

white house advisor larry kudlow says president will not back off. consumers are about to feel the pinch. why there may be warnings of companies raising races across every industry. the u.s. job engine humming along. workers added at a cooler is that they'll belong -- below the consensus forecast. guest calls it solid momentum to start off. we welcome now lewis alexander, the u.s. chief economist. on the whole it was positive. >> this was a solid report. the backward revisions made up for the fact the front month was week. saw probablye overstates the momentum in the economy. joe: what did it tell you about how close we are to full employment? of course massive debate about whether the unemployment rate is understating the slack we have. trend did see a positive in female participation. that has kept the labor force stronger than the pure demographic. there is a limit to how far that can go. the fact that it is well below convention now estimate in of stability in the long run tells you we are operating beyond full employment and there is a limit to

you also saw larry kudlow at the beginning of the remarks tip around that.ut that is really the wind at the back of this administration in these trade talks. what they are saying again and again is that's the underpinning for getting tough with the europeans, tough with the chinese, tough with the mexicans, tough with the canadians, and that is why markets are going up. they trust this president. whatever other drama is going on, man, oh, man, there's plenty of other drama here and i'm not here to play politics with it. we understand you guys probably get tired of it. it's not a red or blue thing. to me, it's a green thing. that's a fundamental development because nothing supports an economy like people shopping in that economy, and if they are really, really into that, if they are really optimistic and confident in our future to continue shopping and doing so on a large basis with walmart, we have seen it with amazon and with home depot, you don't necessarily have to be the sharpest tool in the shed, which i'm not, to know quickly that that is what gives re

white house adviser larry kudlow says the administration is looking into the company.et's bring in bloomberg opinion columnist alex webb live from our london bureau. talk to me about what the complaint is specifically against google as well as some of these other social media companies. president trump is suggesting they filter out results which are positive. google has been through some of this process before where there was some concern about the nature of the stories being displayed. -- in respective president trump. when there was a terrorist attack results service from unverified sources and news outlets that are not well known. google placed quite strict controls on what news was or was not displayed based upon what it deemed trustworthy media. , you canver reason guess yourself why donald trump might be complaining about that. one thing that might be problematic is it doesn't differentiate between opinion and news. that is something that is hard to do in modern media. somene: when i think about of the controversy we have had over these social media sites, they s

night.y kudlow, friday >> a lot of people feel like i do not want my kids to read stories that are saddisturbing, whatever. that is not a totally illegitimate thing to say -- i want to choose the right parents when my kid understand stuff that might bring them grief, but there is also a certain point that is like, well, they are 14 now, when are you going to reduce them to the idea that not everything is perfect outside of their white suburb. all those factors create the perfect dumpster fire of mass censorship of books by marginalized people. >> a science-fiction writer will toour guest live speaking -- discussing his book. doctorow byh cory phone, email, or facebook. sunday on book tv on c-span2. white houseay's briefing with press secretary sarah sanders. two guns about sanctions against to turkish officials and ongoing investigation by special counsel robert mueller. this is half an hour. sarah sanders: good afternoon. later today, vice president mike pence at the request of president trump will participate in an honorable carry ceremony at joint base pearl harbor. in the leader of

markets: on "bloomberg the open," larry kudlow, the u.s.cil director, interviewed at 9:30 a.m. new york. this is bloomberg. >> bloomberg's first word is brought to you by oppenheimer funds, the right way to invest. ♪ 46 minutes past the hour. tom keene has a well-deserved day off. the dollar is holding near a two-week high as investors expect another set of solid employment data later today. ully samra,now, k charles schwab u.k.'s managing director. still with us, alberto gallo. anything in here that's going to suppress the market and tell us the u.s. economy isn't on a tear right now? >> i don't think so. an economy n an , the laborclick market is really beginning to tighten. of the labor force has continually been talking about this tightness in the labor market. i think one of the other areas the bears have been talking about has been productivity. one of the things that was gdp number in the q2 is that productivity has doubled . think productivity is starting to improve. we are starting to get improved average hourly earnings growth. fr

to an agreement on some key trade issues >> joining us is larry kudlow. thank you for joining us >> thank you, wilfred. appreciate it. >> do you see today's deal and announcement as a sign that the president's tactics on trade are working? >> yeah, i do. i think this is big victory. it's a big victory for growth and prosperity, a big victory for cooperation, a big victory for free and fair trade. i think all these things work together and yes, you know, one of things he's argued for quite some time is bilateral negotiations are really more efficient than all these multilateral negotiations whether it's three countries or 23 countries and i think that paid off with mexico and hats off to mexico. they're doing a great job in cooperating and reaching a very important deal where both countries. >> what's the message to canada, larry? well, the message to canada is look carefully we would like to coordinate with you. we would like to make a good deal with you. you've seen a lot of the issues. we also know there are stumbling blocks with regard to canada but fo

larry kudlow is the director of the national economic council, let's begin with your health. our you feeling? >> what happened, what did you feel? >> i was sick one night. i didn't have the chest thing, but i was just really sick. my wife called the white house medical and they diagnosed it very quickly. they sent a car and shipped me over to walter reed. they took teachers and said it was a mild heart of -- they took pictures and said it was a mild heart attack. i was on my last legs. they caught it early, which was really good. it could have been worse. i was in the hospital for two nights. they said no work for two weeks. i took two weeks off, the chief told me to take a month off. akeven mnuchin tells me to t several weeks off, because we were going to have new tariffs. he said you don't want to be around for this as a joke. i was called a couple of times. called, heime he asked how long i was taking off, i said two weeks. he said you will miss a lot. he called a second time and let go of it. he tweeted me. we were both coming from the g7 in northern quebec, which was int

in this case i absolutely agree with larry kudlow. i don't see this as a miss at all. if i had been able to choose my parents i would've been a billionaire if we exclude the toys number i would've been a strong report. all that is to the site because we know the economy has a terrific amount of momentum going forward. perhaps, not as much in the second quarter but it's wrong and reasons to be optimistic at least the next six months. liz: tim, is a longtime trader you know the markets front run an improving economy so now we've got the affirmed economy right in front of our faces and much of the market do from now on? >> the big thing is for the markets to define where they get on the remainder of the year. we saw exhaustion in the social meeting and the tech names about a week ago but that seems to be only a two-day thing. now the nasdaq seems to be okay and is not leaning today like it was yesterday but the rest of the market is acting very well. the markets going to look and some investors might really have their convictions tested as to where the leadership is going

or not google needs to be regulated kudlow told me it's something that the administration will takeok at. earlier this morning the president's top economist appeared on mornings with maria and he also defended that idea. watch here. >> it could be that was going on is the major media starts with warheads so they get higher rankings in google and so their discussion of the president goes to the top of the list or could be something else. the question is in the 21st century economy what is the right of the american government in the space and what we should be looking at? 's right to think about the things. reporter: when you put the word trump into google right now the lead story and the result is about don mccann, rightly so. white house counsel from the president sent out the street about mccann earlier writing quote - cheryl, no firm departure on when he will leave the white house but if you take the time from the president you're looking at was likely here weeks, if not potentially months after that and it appears at this moment that it is a likely scenario and once he leaves - h

we will talk with larry kudlow coming up at 8:30.rian: bragging. >> katie: i got to get it all in. brian: michael cohen has made a lot of dumb statements and done a lot of dumb things. dumbest thing is hiring lanny davis. a smart guy, is he a lawyer. i get it he is a crisis manager, that's true. but lanny davis is representing michael cohen simply on behalf of hillary clinton. you want more proof of it. look at what he has done over the last few days. caught lying. lying lanny caught lying about what michael cohen knew about russia hacking and that famed trump tower meeting. steve: in particular, let's talk about that trump tower meeting. mr. davis made it clear that his client, michael cohen was willing to talk to the mueller team because he had information that donald trump personally knew about that meeting before it happened. well, now, lanny is walking that back because he doesn't have a little egg on his face it's a whole omelet. he talked to buzzfeed last night and here is the headline. lanny davis says he was a source for cnn

media groups to shadow ban or silence conservative viewpoints that's why trump economic advisor larry kudlow says the administration isn't ruling out action even regulation you know we're taking a look at it in a statement google denies it searches are selective it says that when a user types a query into the google search bar its goal is to make sure they receive the most relevant alzheimer's in a matter of seconds search is not used to set a political agenda we don't bias our results toward any political ideology is not accurate this tech industry analyst says trump's allegation that tech giants are systematically biased against conservatives is nothing new if trump is google searching himself in finding that a lot of people don't like him that's because a lot of people don't like him to be clear that would also been true if barack obama had googled himself but conservatives in the us are pushing back it's basically an intergalactic invasion. people they point to the recent removal of controversy all right wing radio host alex jones from facebook you tube and spotify private tech companies

here's larry kudlow. >> the president is impatient. so yes it to our team, take a look at raising the tariff on them. last 200. take a look. he's impatient. >>chris: how far is president trump prepare to go in his standoff with china and if chinese president xi jinping doesn't blink or back down, how long could this go on? >> i think as larry was in, don't underestimate president trump's resolve. for decades, china has been the principal malefactor trying to use a free trade aspiration. most of the rest the world has to pursue mercantilist goals. it steals intellectual property. >>chris: how far you prepare to take this? >> far enough to get china to change its behaviorand they need to understand that. >>chris: if they don't ?>> i think the pressure will continue and the president has made that very clear.

at all but inside of that cabinet meeting as well we were watching a little while ago, kudlow had thisssessment currently of the chinese economy. watch here. >> their economy is just heading south. i'm not a china expert although i'm boning up as fast as i can. i would say right now their economy looks terrible. reporter: that appears to be the state of play as it relates at least from the eyes of the one of the president's top economic advisors of the meantime there is a sense growing within the administration that a nafta deal with mexico, or at least a bilateral trade deal with mexico could be on the horizon, potentially within the upcoming days here quite possibly. watch this exchange here during the cabinet meeting between president trump and his top trade rep, bob light highser. >> i'm hopeful in the next several days we'll have a breakthrough. still have some difficult issues to work on as there always are at the end. >> by the way, bob if we don't, that's okay. if you don't have a break-through as you call it, don't do the deal, because it is a lousy situation for the united st