elizabeth: joining us now, former reagan economist art laffer.up, let's get your reaction to hillary clinton. it's good to see you, my friend. hillary clinton -- >> good to see you, liz. elizabeth: hillary clinton is now blaming americans for not knowing about bidenomics. watch that -- and you're going to see hillary clinton inadvertently slam msnbc for only focusing on trump. watch this. >> look, i think it is true that a lot of people in our country don't even know what he's done, and part of that is they don't get their news from msnbc, they get their news from social media if they get any news at all. they don't have the kind of information that would give them confidence in knowing what their government is doing. you know, how long can you talk about infrastructure in it gets boring. let's change and talk about, you know, donald trump or one of these other people who do nothing but give us negative messages, because that is so much more exciting. elizabeth: that's all msnbc does is wall to wall trump. [laughter] art, you notice not one menti

i'm separating fact from fiction with art laffer and peter same on. my take on young men getting kicked to the curb. it is socioeconomic story with jack brewer. all that and much more on "making money." charles: listen, i believe, i'm a big, big proponent that rallies have to be tested from time to time and that's when you really get the confidence. everyone talks about buying the dip and that sort of thing. we saw it yesterday. i provided several reasons at the beginning of trading to be worried. we got the knee-jerk selling. somewhere early in the session buyers emerged. we closed the day before 4518. we went down to 4464. closed near almost the session high, 4450. that is a pretty big deal. the mark get not only climbed off the canvas but we saw a really nice spike of volume into the close. i think that was probably smart money buying. market leadership, let's face it has become highly defense system yesterday we were led by health care. meanwhile the remaining bears out there are grueling like crazy, jpmorgan strategist say investors should be und

art laffer, you're all right. see you again real soon. the republicans and debt. 15 seconds. >> trump tax cuts worked. revenue to the national treasury went up and the problem was republicans did not cut spending. you have to cut spending and that's the magic formula. they didn't cut it. stuart: that's not easy. not easy. >> that's what has to happen. stuart: okay. a new fox digital report shows hunter biden traveled to at least 13 countries when his dad was vice president. more on that for you. nikki haley came out swinging against vivek ramaswamy. she says he lacks foreign policy experience. here's a brief clip. >> you want to go and defund israel. you want to give more to china, give you crane russia. under your watch, you will make america less and you have no foreign policy experience and it shows. stuart: well, gordon chang, china expert joins us next. ♪ >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went t

laffer himself says this was not original idea. but put a succinctly, if you tax at 0% income, at 0%, zero, you tax it 100%. no one has incentive to work to earn money, or at least not report it. and you earn zero. so we're on the laffer curve to maximize revenue by a reasonable tax rate. that still gives people the incentive to in four days and in the longer term on supply side economics is that when you have lower taxation that lays more hard earned money in your pockets, in your family's pockets, expand and grow the economy and for the employers to invest and grow the business that will grow the economy. so there's a bigger base upon which to levy the tax at a lower rate and gain more revenue. you get on an upward spiral rather than downward spiral we are in right now with all comes back again to leadership and philosophy and values in order to counter the inherent dynamic to spend more of other money, especially have the power to tax and borrow. so with that, i'd like to turn it over to dr. harding. you can provide his insights

ukrainian law enforcement on one of orthodox christianity is a significant besides the key of picturesque laffer repeating in the arrow vault ideologies collapse, and in the struggle for a new world order, traditional religions are a source of strength and sovereignty for countries and people, which means they must be eliminated. according to key f were now witnessing the manifestation of this approach and ukraine, where canonical orthodox church is literally being physically destroyed. the west makes it clear that the red line in this matter are completely absence. execution lists are compiled and people are placed on them for not wanting to betray the true faith in favor of higher takes inquiring. authorities of no external formation to seize buildings inside the monastery. that service, living quote, is full monks and pilgrims release of quote and off the housing. and when we have locust inside, the village is complex. the ongoing disputes between the ukranian orthodox church and the commission established by the k as ministry of culture or a clue that these options, what evidence they care,

for that, we are joined by nancy t tangler, friend and chief investment officer of laffer tangler investmentsware. broadcom having a strong year with help from the hype. the proposed $61 billion deal has driven vm ware's share price higher, especially after the european commission green lit the deal in july. the software, cloud and a.i. demand are focus of both companies into the print. investors will listen for updates on the deal which is projected to close in october. let's talk about that deal. are you buying either name, nancy? >> yeah, tyler, we actually acquired broadcom after the computer associates deal. everyone hated the deal. the stock sold off. we checked in. the name is thelargest holding across our equity strategies in our best portfolio. we're going to play it with broadcom. what we're watching for is, you know, is the company -- they are going to deliver the slowest level of sales since pre-pandemic. so the question is, how slow, and are you paying for that? i think on a relative price-to-sales ratio basis, the stock is pretty attractive. we're not too worried about that. thi

art laffer on all that. in the mean point.watch it closely, the big debate is tonight at 9:00 pm eastern, kicks off on fox news, don't forget to watch it. stocks running up fast and furious. can fisher was predicting things would get bumpy. they got little bumpy but he's as bullish as ever saying that is what happens in the early days of a market. where are we in this market? ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. businesses need 5g solutions today. that's why they choose t-mobile for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get their members back on the road. and we're helping pano ai innovate, to stop the spread of wildfires. now's the time to see w

laugh laffer. >> greg: i like when people do this, put their glasses like that.th the latest hunter news in alaska. >> jamie: yeah, i absolutely have been since i heard we were doing this tonight. did you hear they think that biden was at some of those dinners with hunter and the oligarchs. they didn't have him by name but they said every dinner somebody kept ordering the t bone smoothie and they think that was biden. that question was a doocy you have to admit biden is used to easier questions like hey, you going number one or number two? to which he always has the same answer like how am i supposed to know? so much craziness though. i get -- like they said they poured through hunter's bank accounts. i was like god i wish i had enough money for someone to pour through my bank accounts. he was like, i just did mine, just like that. i just poured through. he bought a car for $160,000, that's how much. that's crazy. i never -- when i would get a car i would just have to wait for like a grandmother to die. i do have a pretty nice -- to be honest, you know, things ar

art laffer is a former writer, and author of taxes have consequences. art, from one of president biden's staunchest allies, chris murphy of connecticut, said unemployment is low or lower, inflation is now headed in the right direction, but that is not enough. he said the fundamental problem with the economy is that it's grinding millions of americans down because they work full-time yet still can't afford to make ends meet. what do you think about that? >> well, the first two points are not quite correct, gillian. yes, unemployment rates are very, very low, but so are participation rates. number of people in the labor force working is very low, and that's a real, real long-term problem, and that's been a problem for quite some time under this administration. when he talks about inflation coming down, that is true, too. but it's -- people don't buy things with inflation, they buy things with prices and prices during the biden administration have gone up about 16, 16 plus percent, and they are not going down. inflation is going down but that means prices

monday we're going to be joined by claudiany, mollie hemingway, art laffer all here on set.ut first, watch liz macdonald up right now. elizabeth: david, you were terrific. have a good weekend, it's good to see you. okay, this tonight for you, the need to apply the rule of law evenhandedly more in the media and the washington post reporting on the blatant unfairness between the justice department's handling of the bide biden family corruption allegations and former president trump. we've got legal pros warning we cannot break norms on either side here. and top ukrainian prosecutor whom vice president biden helped get with fired, he now claims hunter and joe biden did take bribes. obama and cia officials reportedly did support shoken. also, tough news for consumers in bidenomics and more biden agencies going after elon musk. the doj is suing spacex merely for doing what other defense contractors do, and the government is coming for your ceiling fans. we've got the story. plus, a judge rules against present -- parental rights in schools. i'm elizabeth macdonald, "the evening ed

laffer tengler ceo, nancy tengler. i have a walmart, a 10-year chart.e down here right when covid hit and what i found really interesting, if you look at this, it actually started to bottom before the rest of the market. it bottomed last, may, june, before the general market bottom and now this next leg up, we've taken out the highs, we're making new highs. i guess the question is, it is a thing of beauty but do we chase it? >> well, so, charles, you're right, we've got excess savings that will probably dry up by christmas. we have softening labor conditions and new salaries rolling over for new positions so there is some concern, certainly surrounding retail which is why i think it matters a great deal what you own in the space and walmart is one of the places that we think you want to be exposed. it fits our theme of an old economy company that is embracing digital solutions and they have demonstrated that by improving gross margins, operating income is growing faster than revenue growth and a lot of that, you know the question is why and we think it

tomorrow we have art laffer, mike huckabee and much, much more on liz mcdonald.t's time for the bottom line with dagen and sean. take it away. dagen: thank you, e mac. elizabeth: sure, you got it. dagen: god evening, i'm dagen mcdowell. sean: and i'm sean duffy. dagen: richmond north of ri

i want to bring in laffer tengler ceo, nancy tengler. nancy, another firm jumped on the bandwagon.me it is jpmorgan and bank of america have jumped on -- this is the traders. their strategists are still negative. what is interesting about this, if you look right here, the trading channel, 5000 is not even a stretch. that would take out the all-time high. listen, i'm long mostly but do you like the fact that some folks are jumping on the bull bandwagon now? >> well you need them, charles, you need them to get you to the next level, but i never figured out how you make money selling last year in the fall and buying now. so i think investors should take this as a tailwind but not as predictive, not for its predictive value. i think you want to be careful in here. markets run long and hard. we know that. or short and hard, maybe and we know once a year you get a correction in stocks on average, every 12 months. so i would sit back and wait for the market to come to you as an investor. and really pay attention to the underlying quality of the companies you own, not just where the strate

i had art laffer own and pete saint on. wage price spiral some say it is not.ot saying it is a myth but central bank fiscal policy. keep that in mind the fed is trying to lower the administration. they keep pumping cash in there and working against it. how do you see that play out? >> to the point i think it is wage price inflation. look what happened you have seen it in month 1/2, american airlines, united airlines, ups. now what is happening with the united auto workers, raised their hand, look, you guys are making all kinds of money we need 40% pay raise. there are struggling to keep up with inflation. in my mind paying workers more money, they should earn it because they can't keep up. where do they get the money from? charge you more money. charge me, more money. we have 1970s style inflation. charles: i have a chart of s&p. i see it in real narrow range f we get 4600 i believe we're off to the races. under 4300 i think we see a lot more selling pressure. where do you think we go? which move happens first? >> we go lower first i think. august, september, a

hand computers then to try to what they thought that marginal would be where you maximize what art laffer made famous during the the reagan administration. there's also a matter of whether revenue constrains spending because with lower revenue you find perhaps spending on roads can be built with private sector funds rather than federal. one problem we have now is that revenue the revenue have is not constraining spending. spending, as congressman knows, is just through the roof. and if spending through the roof, then there's upward pressure on these ideal tax rates that we might try to put in place. we need to have a system the way states do where they cannot spend more than the revenue they get in. high. hi, my name is nick jacobson. i'm from lewisburg, pennsylvania i'm curious, pennsylvania just had a big lawsuit about apparently our schools are funded property property taxes and that unconstitutional because it is inequitable but it made me think about the relationship between local taxes, state taxes and federal. i know the trump tax cuts eliminated tax deductions for state taxes paid