welcome back to "kudlow." i'm larry kudlow. folks i'm still hung up on yesterday's biting putin meeting and i suspect many of you are too. so many problems, so many issues in so many things left hanging on both sides i don't want to play politics with foreign policy. i'm very old-fashioned. i believe in the old-fashioned dumbed that politics should stop at the water's edge when our leaders go overseas they should

joining me now, host of "kudlow" on fox business, larry kudlow. win for the gop. president biden, some of stuff they are trying to cram into this thing he knows are not infrastructure. what are the chances of getting a real honest to goodness deal now? >> look, if you're talking about the grand deal, so-called americans for work and americans for family, whatever that stuff is called, you're not going to get it. mcdonough's decree, can only have one reconciliation bill. that means, by the way, no corrections for the prior budget. very, very important. so you would have to do it as a one-time, they have to stick everything in there possible, okay? the social welfare spending, charles, the infrastructure spending, the green new deal spending, and even worse, or much worse is roughly 4 trillion some odd dollars in higher taxes. that will not happen. they do not have the votes in the house. they do not have the votes in the senate where reconciliation occurs. so i think this changes the game completely. now the only thing left, and again i got to proc

i am here from jacksonville florida, larry kudlow. somebody said the conference this morning i spoke, and governor desantis spoke ahead of me. larry: and i don't think that it was him, he was somebody from the audience said let's make america like florida. how about that. anyway he gave a good talk we all had a lot of fun. and last evening, we talked to some length about the v-shaped recovery. it's been a theme of mind going all the way back to my time at the white house a year ago today we have a js update enemy not have been spectacular. actually these job upsets is the economist forecast wrong. but anyway was a very solid number objectively, 559,000 jobs. in the climate rate went down from 6.2 - 5.8 percent and that is very important and also, the underemployment rate fell from 10.4 - 10.2 percent rated that's very important as well. so listen to this, for the past three months, the job same average 541,000 and that is a solid number. hair something i'm not reading in the reports today although they've been on the road i know i thi

we're covering it on kudlow. where's the rest of the media covering this?n your show, 70% of the american media probably has the wrong adversary. what does that mean? >> well, yeah, 70% of the american media, by the way, is probably not on the u.s. side. maybe they're on biden's side. certainly weren't on trump's side. howie: on potentially on russia's side? >> well, you take a look. did anybody really criticize vladimir putin? tell me. where was the criticism of vladimir putin? and by the way, where was the criticism of biden? i mean, this was coverage -- this was like, you know, plain vanilla coverage, everything's okay. i don't know what side they're on. but i'm very skeptical, the mainstream is a left wing media. you know that. we're not breaking news on that point. i'm saying why do you let biden get away with that stuff, releasing classified material on our key sections? why do we let putin get away with it? they didn't even criticize putin who said oh, hackers, we don't hack. the hacking is coming from north america and the u.s. and canada. that's ut

welcome to kudlow, i'm larry kudlow. so, we begin tonight, what did they know and when did they know it? the they in this case, is the five republicans who participated in the final bipartisan infrastructure session with president joe biden , and it sure looks like they were double crossed. a classic bait and switch. the victim of a big lie in full public view. by all accounts, the idea of linking a hard infrastructure package with a multi trillion dollar tax and spend and green new deal and entitlement package was never discussed, not in the group of the 10 senators who met with biden yesterday, nor with the bigger group of 21 senators who endorsed their work , nor with the white house itself, and i quote here, in endorsing the deal biden praised the group for keeping their word, but then, immediately broke his. that, according to a key republican aid. biden never mentioned this kind of leakage at the news conference with the infrastructure 10. take a listen. >> are you going to enter the two-track system mr. president?

i'm larry kudlow. i can think of many things of president biden's comings and going and doing and not doing it was not his greatest week. back in 1977 remember this , there was a grateful dead put out an album called "what a long , strange trip its been" i kind of like that a lot. i'm not really a dead head but i like that a lot or then there's kim strassel's column today titled "mr. president, meet the law." i remember the song incidentally , i fought the law and the law won. there was another 70s song by the clash, and apparently, the lyric before that was "i needed money because i had none ." wow. mr. biden, personally has got to have some cash, because we discovered that when he disrobed his suit jacket at the putin summit yesterday and tried to fold it up and wound up throwing it down i could hear american clothing manufactures weeping because it turns out it was a lovely $3,000 canali suit made in italy. ouch. ouch for those clothing makers in america. so it wasn't america first, more like mike p

joining me the host of "kudlow," larry kudlow., you had to do some arm-twisting in when you were in d.c. this is a heck of a about face. can you see democrats changing on voter i.d. to get manchin on board. what do you think here? >> i think voter i.d. is dead. s.1 is dead. manchin's plan b, if you will, it is not photo i.d., charles. it is voter i.d. you could phony up a utility bill or bank deposit slip. it is not voter i.d. over 30 states have it. that is a big, big obstacle. republicans will never sign on to that. of course that begs the question of federalizing the nation as election laws. the states and the legislatures have constitutional authority. so this business about determining photo i.d. or timing of absentee ballots, for example, or how long you can count them or when you can send them in, or whether there are any exceptions, that stuff is all in the manchin bill. it is not going to pass. "the wall street journal" editorial is right today. the issue ended yesterday. it is very bullish. we should cheer. i'm cheering.

welcome to kudlow, i'm larry kudlow.e begin tonight, what did they know and when did they know it? the they in this case, is the five republicans who participated in the final bipartisan infrastructure session with president joe biden , and it sure looks like they were double crossed. a classic bait and switch. the victim of a big lie in full public view. by all accounts, the idea of linking a hard infrastructure

to discuss all of this, one and only larry kudlow, host of "kudlow."ck to the work you and others did on the trump administration. it's a old formula. low taxes, less onerous regulations, unleash the economy. how concerns are you now about the things on the drawing board turning things around? >> i call it biden, a green workers paradise, that is what they want, a green workers paradise. it is not going to work. i don't think it will pass. you don't want to strangle the economy with very high taxes and very onerous regulations and destroy the fossil fuel energy sector. you just don't want to do that, by the by, i don't think it will get through this big reconciliation package. i think mr. biden is losing ground and i think the democrats are split. right now, one thing i like what you said, the quit rate is going up. you're exactly right. that is an important leading indicator. round numbers you have basically nine million job openings which is terrific. you've got about nine million unemployed. there is a match sorts and it will get better around bette

make sure you tune into "kudlow," weekdays, 4:00 p.m. eastern time, especially wednesday, june 30th, the next special edition of "kudlow." it will be called, "america the great." you might see me there. larry, really appreciate it. folks today the question is not about inflation you already heard that but how long inflation will linger and what the federal reserve should do about it if anything. first i want to put out there are two types of inflation, you kind of heard in the conversation, sticky versus flexible. the cpi report sent shockwaves across the financial world and made big headlines in mainstream media as well because the components of the report themselves if you look at them separately not necessarily frightening. talk about sticky inflation which is known as slow moving inflation. these are items where price momentum usually lingers, takes a lot longer to alter their direction. like big massive, if you can imagine those oil tankers. in may sticky inflation was 2.7% from a year ago. flexible was 12.4%. looking at three month

joining us larry kudlow, economic advisor and a host "fantastic box show kudlow."ng as america makes its move to sign over tax policy to global compound. >> yeah, i mean, janet yellen, first of all, i don't want these multilateral organizations to do anything, actually. in to give up our tax sovereignty and you are right the way you put it. it gives up voter sovereignty for heaven sakes. this came out periodically under president trump. he would always say, you want people who can decide american tax policy are american voters. not the g7 or the oecd, not the g20. by the way, all this does is jack up text is even more. there was a provision in there, laura, besides 15% minimum tax which is bad enough, but there is a new provision with not adequately and accurately reported yet. that is if a company has 10% or more profit margin, which is not all that much, particularly after getting caught by the pandemic, then this deal would allow that company to be taxed up to 20% or even more. now, that is remarkable. that is so antagonistic to capital formation investment, pla

larry: hello everyone welcome to "kudlow" i am larry kudlow. weeks ago during israel hamas is bull up bombing battles we talked about how the democratic party used to be israel's greatest offenders has turned against israel, even formally as supporters like chuck schumer were basically silent in the face of israeli criticism by the like so far left terrorist sympathizers, like ilhan omar in the so-called squad, alexandria causing a test, ayanna pressley, rashida tlaib, cori bush, these folks have pushed the democratic party out of israel's camp, completely out it is the gop that is israel's great defender this political ship was triggered by former president trump who kept his promise to move the american embassy to jerusalem and led the negotiations that led to the abraham accords bike goal state allies like the uae, cutter, meringue, bronco, the saudis were all favorable by formally joined if potus was reelected. but the key point those others became formal members of the abraham accord, that is point number one in the other key point the roa

let's bring in larry kudlow's former director at the white house economics was kudlow and host of kudlowses down a home that potentially grew in real estate value over a period of decades. that could then put them into a category where they are paying 80% capital gains tax. >> hill it here in new york it's getting rid of the stepup in basis. so if you pass the deceased estate would automatically be taxed on multi-unrealized gains that went before which is the home, the family farm, the ranch, any small business. it penalizes wealth creation and ultimately it penalizes work. why work? people work and they have great virtue and they have a great sense of the american spirit getting ahead. they also have a great sense of hoping their kids and grandkids and perpetuating families and so forth. >> sandra: the wall street journal tells a story of a woman about a property as a young one widow and by the time she cells that come to her kids how to sell that homecoming that puts her in a category where she would be targeted with it. >> the only stables in life are the taxes and death but when you

larry kudlow is with me coming up. don't miss it. harris as we learn illegal immigrant encounters with our law enforcement last month surged to the highest level in more than 20 years. griff jenkins reporting on the smuggling going on down there ahead. >> they have told people if you come here, you will be able to stay here. what person in their right mind would not see that as a clear signal to come now? come to america now. it's a really sad situation and they have to get a handle on this. because home values have climbed to all time highs. and so has your equity. turn it into cash now, while mortgage rates are near all time lows. the newday 100 va cash out loan lets you borrow up to 100% of your home's value. you could take out more than $50,000. use it to improve your home. pay off high rate debt. pay for big expenses. or put it in the bank for real peace of mind. now's the time to use your va home loan benefit to get cash before mortgage rates begin to rise. call now. ♪♪ ♪♪ [ engines revving ] ♪♪ it's amazing to see them in the

welcome back to "kudlow." i'm larry kudlow.astructure framework. hot off the presses at this moment. i don't know if the gop leadership that is mitch mcconnell or for that matter majority of the gop senate conference will actually back this infrastructure framework. five republicans negotiated in good faith and i did a deal with the white house and the presen

welcome back to "kudlow." i'm larry kudlow. now who was lois lerner? a tough question. head of the exempt organization provision of the internal revenue service, she learned groups, that is some groups like

larry kudlow is stopping here. just told me that you have something nobody else has. >> here's the thing. besides all of the tax stuff, they're going through this rigmarole to transfer and the whole economy. the green new deal, higher taxes, massive spending, social safety net, critical race theory's. whatever all they are doing." when you look at the numbers of their budget that came out late on friday -- >> sandra: which we have. >> less than 2%. after all of this stuff, transformation, everything they want to do, no growth. it isn't worth it. if that's all you have -- >> sandra: can you imagine the criticism of the trump administration? >> if that is all you got, why are you doing this stuff? even the obama people back in the old days when they had trillion dollars stimulus package which, in those days, was big money. it that's not big money today. they said they would produce 4% growth. these guys are saying were not even going to hit 2% growth except for this recovery year from the pandemic. >> sandra: and tha

i'm larry kudlow.oing and not doing it was not his greatest week. back in 1977 remember this , there was a grateful dead put out an album called "what a long , strange trip its been" i kind of like that a lot. i'm not really a dead head but i like that a lot or then there's kim strassel's column today titled "mr. president, meet t

larry: hello everyone welcome to "kudlow" i am larry kudlow.e israel's greatest offenders has turned against israel, even formally as supporters like chuck schumer were basically silent in the face of israeli criticism by the like so far left terrorist sympathizer

that will do it for us for tinin larry: hello welcome back to "kudlow" i am larry kudlow on the infrastructurebout 50 one-vote reconciliation i have a couple of additional thoughts, please stay with me, still very important, let me begin with this, i don't believe there is any chance of a significant or meaningful hard infrastructure deal between the biden white house and the senate gop, when i

"kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. question. well remember lois lerner was at the center of the last big irs scandal which occurred during the obama years. ms. learner, who was head of the exempt organizations division of the internal revenue service, she learned that groups, that is, some groups, like the

"kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow.ma years. ms. learner, who was head of the exempt organizations division of the internal revenue service, she learned that groups, that is, some groups, like the

"kudlow" hello welcome back to "kudlow." i'm larry kudlow.are too. so many problems in so many issues in so many things left hanging on both sides also i don't want to play politics with foreign policy but i'm very old-fashioned. i believe in the old-fashioned system that politics should stop at the water's edge and their leaders go overseas they should

i'm larry kudlow.dence which is what really july 4th is all about. in the late spring of 1776 thomas jefferson was asked by the continental congress to produce a draft of what would become the declaration of independence. and as he wrote many years later, let me quote, the other members of the committee unanimously pressed on myself alone to undertake the draft. i consented.

larry kudlow -- ♪ larry: hello, everyone. welcome back to "kudlow." i'm larry kudlow. bipartisan infrastructure framework. hot oaf the presses at this moment i don't know if the senate gop leadership, that is mitch mcconnell or for that matter of the senate majority conference will back this infrastructure framework, five republicans negotiated in good faith. they did a deal with the white ho

larry kudlow, host of "kudlow" on folks with me.s served as white house economic adviser for the trump administration. great to have you with us. >> thanks, martha. >> martha: the president met with regulators, janet yellen and chairman powell. what do you think he says about the economy and all the pressure on the spending side? >> i think the regulators will not press him on any of these topics that i hope we have a few moments to talk about. i think you're going to get -- this is my view -- climate change and global warming is the idealogical mantra of this whole administration. it runs thick and far through every policy and that includes foreign policy. they see this as a threat. i want to say, i'm not a climate deniers. experts say there is no big threat and they've gone way too far. the proposals whether it's ending fossil fuels, we don't have the resources to meet the time limits that they're setting. it would throw our economy into complete and utter havoc. >> martha: you also have to look at the front burner and your immedi

welcome to "kudlow" i'm larry kudlow.how the democratic party, which used to be israel's greatest offenders, has turned against israel. even formerly strong as senator chuck schumer where basically silent in the face of israeli criticism by the likes of far left pro-palestine terror sympathizers people like

welcome to kudlow, i'm larry kudlow.in this case, is the five republicans who participated in the final bipartisan infrastructure session with president joe biden , and it sure looks like they were double crossed. a classic bait and switch. the victim of a big lie in full public view. by all accounts, the idea of linking a hard infrastru

larry kudlow.hey're not even pretending the stuff is what it's doing to the economy in the long run . >> that the party love about its predict after you go through this incredible it be a policies or left progressive steps, 4 trillion in taxes, 6 trillion in spending and all the regulations printed and in fossil fuels destroying the economy. the green new deal, welfare benefits to illegal immigrants printed it is kind like the policies year are kind of like bulgaria before the soviet union of the fall. it after go through all that stuff. at least you say you may not believe it but at least it's going to be a workers paradise who going grow the economy. 5 percent, that is called marketing. but wait a minute, you look under the hood one of the economic implications. i know this economic chapter. you look under the hood, it is will blow 2 percent. there's no growth, no prosperity, but there is more when the mama called stagnation. it is group does not believe in growth and is clear from this budget. a

larry kudlow's show coming up next ♪. larry: hello, everyone, welcome to "kudlow."t the show with a heavy discussion of business and the economy please don't run away. the reason for this, there are some very strange things going on. i've been around a while but numbers are popping up the likes of which i really don't think i have ever seen before. for example, consumers are buying just

"kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow.port. it is all the news and all the rage. here comes inflation. .6 of a percent in may. 8. had 4% at annual rate last three months. the fed's target used to be two. what we had for over 20

"kudlow" is next ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. gop bipartisan infrastructure package that includes the democrats who participated in it, bad enough, but it is really bad that the pelosi is holding the infrastructure package is holding it hostage, hostage to a tsunami of tax hikes and increases that will

"kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow.s late friday afternoon of the long memorial day weekend basically no one was looking president biden finally put out his budget. now that is when you drop bad news on the media world, on a long weekend on friday night. you wait until the close of business and then you head for the hills. so there was minimal coverage. what coverage there

"kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. with you. so let's talk a little bit about this weekend's g7 meeting. how about this? there is one quote that really captures what went wrong, from french president emmanuel macron, why the g7 meeting was a complete disaster for the u.s., why former president trump's america first is out the window. listen to this? >> i think it is great to have

"kudlow" is next. ♪ larry: hello, everyone, welcome to "kudlow." i'm larry kudlow.ope my voice holds up. no deal between shelley moore can tito and president biden. capito says she doesn't expect a infrastructure deal. senator mcconnell says the era of bipartisanship is over. take a listen. >>t

"kudlow"'s next ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow.y is here. it's unlike anything you've seen. that was the headline on "the wall street journal" this morning. it was an excellent, accurate article, probably 5,000 words long and it reminds me of so much of the past year mostly working in the government when i argued from the data that this was in fact a v-shaped recovery. ju

we're glad to hear it thanks again larry kudlow, you are the perfect guest. larry kudlow, everyone.noon and still let's check these four stocks hitting all-time highs, we have honeywell, jpmorgan, goldman sachs, and american express all doing very well, thank you very much, american express up more than 1.5%. did you catch this in president biden's budget? he wants to send $861 million to central american countries so that their people won't invade the border. say what! that money is going to go straight to someone's pocket but the migrants are still going to come that's my opinion. the return to normalcy is back, millions, yes you heard that right, millions hit the roads and skies this memorial day weekend. does that mean covid is behind us? well guess what? i'll ask doc siegel about it, next. ♪ with voltaren arthritis pain gel my husband would have been on the sidelines. but not anymore. ♪ an alternative to pills, voltaren is the first full prescription strength, non-steroidal anti-inflammatory gel to target pain directly at the source. for powerful arthritis pain relief. voltaren

larry kudlow staying up late for us to tell us why this would be a total disaster.ot this mountain bike for only $11. dealdash.com, the fair and honest bidding site. we sold an ipad worth $505 for less than $24. a stand mixer for less than $20. a 4k television for under $2. a macbook pro for under $16. as well as a playstation 4 for under $16. and brand new cars for less than $900. dealdash.com offers hundreds of auctions every day. all auctions start at $0 and everything must go. and don't forget, we offer a full 90 day money back guarantee on your first bid pack purchase. i won these bluetooth headphones for $20. i got these three suitcases for less than $40. and shipping is always free. go to dealdash.com today and see how much you can save. there are auctions going on right now, so what are you waiting for? ♪ ♪ >> the economies came economy skin together to agree people pandemic world must be fairer is what you are seeing is a revival of multilateralism, willingness of leading nations to cooperate to address the most critical challenges facing the global economy

larry: hello everyone welcome to "kudlow" i am larry kudlow, it's bad enough that president biden inructure package and that includes the democrats who participated, they had enough but it's really bad that pelosi and company are holding the infrastructure package hostage and hostage with

welcome back to "kudlow." i'm larry kudlow. were absolutely roaring today. good for them. dow up nearly 600 points. coming back from a big drop last week and a big drop on friday. we've got the great art laffer coming on later on in the show. he's going to tell us about stocks and inflation. which wins in the investment foot race, and who's going to come out ahead? we'll throw in some interest rates and the fed too. you know me, i

welcome back to "kudlow." i'm larry kudlow, great to be with you.hat really captures what went wrong. from the french president, emmanuel macron. why this g7 meeting was a complete disaster for the u.s. and why former president trump's america first is out the window. listen to this. >> i think it's great to have a

elizabeth: hello everyone welcome to "kudlow", am larry kudlow a lot tonight about too much spending capitol hill for the latest on the infrastructure swamp, here is the great hillary vaughn, good evening. >> good evening after this weekend when president biden walked back his threat to not sign the infrastructure bill and leslie came with the reconciliation bill with all the extras, republicans today are not buying it,

la larry: join us to mop orr "kudlow" the america the great prude i'm going to read the declaration of independence to celebratepepe america. ♪ ♪. kennedy: blood thirsty egg tried to kill in this book has been a band and now his podcast, has canceled with no explanation. journalist andy ngo said he will not be intended by it left us a mob mafia trying to take them out of existence but how can we help them fight back? as you may recall andy ngo has been covering antifa four years grades by the journalist brave enough to document the group from the inside out. and they burned it down buildings, her cops and coast-to-coast brick earlier this month is on the show explaining how those miserable cowards attacked him again so badly, he had vision trouble in troubles walking part and he fears for his life they keep trying to kill and pretty has to keep his location secret. but antique is not the only group trying to silence him. in fact twitter recently removed the title of journalist from andy's profile. how did they decide gets to be a journalist? he now claims sound cloud is taken down his

"kudlow" thanks for watching folks. that's "kudlow." please, have a great weekend. . kennedy: oes cancel culture print is an angry beast that so deeply ingrained in every aspect of our lives it does not matter how you work. how much you make how inter- specialized your friends are print as a chant something of of done it sometime in your past or your pants, it could get you canceled. dr. seuss, sharon osbourne, jk rowling, the cleveland indians, to kill a mockingbird, spongebob, eskimo pies you might be on the list. so how to be get to the point where hand gestures, decade old tasteless jokes and pass plot lines get people fired? the reputation is destroyed, kids are getting kicked out of college's products and books bands, but why? essentially for violating one sided social contracts when tenets of orthodox challenge in speech, act or thought right retribution is swift, harsh, and irreversible. it does not matter how far back in adolescence your sin stretch from the aggrieved mob activates breed the appearance of critical mass is reached and employers acquiesced out