laffer's curve. and that is why he awarded art with the presidential medal of freedom in june of 2019. that was wonderful, but you know what a arthur deserves' nobel prize as well, joining us now mike faulkender, chief economist at afpi . and let's see, trump -- all right. we'll play some sound from interview just last friday. play sound on that. >> there is a difference, you are the tax cutter, you are trying for a new golden age in this country, she is say tax hiker. >> if you followed her policy, you will end up in 1929 style depression, 100% certain, companies and jobs will flee. she only person that have seen campaigning on a massive tax hike. >> now texas congressman budget chief jodey arrington to go with faulkender, where you are, you are out there. we can do separate places. chairman j jodey arrington. thank you. first point, i want to give art laffer a nobel prize, president trump gave him a presidential medal of freedom award in 2019. art laffer's curve predicted all these years that lower

you talked about art laffer and the laffer curve. let's make the investment in growth. let's get some of the government burden off the backs of the guys. larry: arthur needs the nobel prize. if you can do nothing about that, it's a little late, but you should pitch in on all of that. we've got to go but in all seriousness, the cbo and the joint tax committee, the official government score keepers need to be changed completely. top-to-bottom. i mean that sincerely. those tax cuts for 2017. there's a 10-year window for scoring. we're not there yet. this is 2,024. 2024 and they have it completely wrong thus far in mounting ways. they are wrong. somebody should just, if you get them to testify in front of your committee you put up a sign here is the numbers. big poster put it up on the stand. they are always wrong. this is one of my pet peeves. their scoring is not dynamic and not laffer curve. i've got to get out. thank you ever so much. we appreciate it. folks coming up, elon musk is succeeding where fema has failed. we're going to talk it with florida congressman cory mi

oh, my god we'll ask art laffer and congresswoman claudia tenney, laffer should have gotten that nobel available as a podcast, every weekday, spotify, and apple and fox business podcast, i am a p podcast y'a and i'll be right back. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. make more of what's yours. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects

we'll ask art laffer and congresswoman claudia tenney. by the way, laffer should have gotten the noble prize. kudlow available on spotify, apple, and podcast dom.com and i'm a podcast. i'll be right back. ♪ ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an i

if you -- when you and laffer and others did can the tax cut, it -- did that tax cut that brought jobs and capital back it has to be whole package, retypical tariffs -- reciprocal tariffs and deleg rate deregulate the economy. >> it say package. >> it is a -- people are freaked out, i think we'll see tariffs lower than people are expecting, unlike what that interviewer said not starting a trade war, they want to sell in to u.s., they are not retaliating with tariffs they will do what trump said, they will reciprocate by bring do you think their tariffs, they will not say we want to get into it with you. larry: that is the fun. use of tariff, in trump's world, guy is a master negotiator. that is what he did for a living before president. use of that tariff is weapon of free trade. you will get lower trade barriers by using the tariff, here. when -- look at this, he said the other day if john deere moves to mexico, they will not get a 15% corporate tax rate. he might put 100 or 200% tariff on it. what happens? john deere will not move their plants to mexico, you will never see that tarif

david: art laffer we first met, you had -- at the time you were running for senate of california, i wasaw and order on the information that is coming, as bad as big government is. it seem like we're losing faith in a whole series of government enterprises it is government, it is crazy, and they always over spend, and spend poorly when they do. but, something very dangerous is going on here. >> i don't know if something dangerous is. we have the covid -- >> you can't rely on the numbers though. >> dow seasonals that is a ratio to moving average, and covid thing and a blip they spread that blip. it causes all sorts of problems if you have same year same year same year, there will be little doubt to what seasonal should be. now we the blip coming in that causes. david: michael faulkender said the same thing. >> then i'll change my story, i thought i was first. david: you will not change it on this. i -- >> you got me pinned down first. david: i just offed to play a clip of larry's interview with donald trump, that took place friday, talking about his corporate tax plan that and i have not

joining us now to talk about peace through strength, art laffer.an said it and donald trump is saying, there are components through peace through strength. how to you read that phrase? >> i read it if two fashions very strong military and defense. a so strong military and so strong defense department that no one wants to take us on as jack kennedy said, defense spending always wasting when you find yourself in a situation. you are required to use your military hardware and prowess that is a clear sign does not spend enough, strong defense is important, and other side is a really strong economy, envy of the world, you want everyone to want to do business with us, want to be involved with us to make them rich. ronald reagan said this just in 1979, at beverly hills hotel, he said -- i'll paraphrase, wants to make your friends stinking rich with supply side economic and scare the bejeebers of our enemies with "star wars," never has ragen said reagan made it never turn down an opportunity to share discussions and ideas with enemies, much better to settl

he'd have to come back to the laffer curve and come back to marginal tax rates and the economists magazine where he comes from, used to actually believe that. nick >> if he can be like that for the next three weeks, he'll win this election in a landslide. they don't like the wild crazy stuff and don't like the name calling and he talks about issues and look, larry: he could win the popular vote as well. >> i want to win the electoral college. let's not be greedy. larry: bret baier exclusive interview with kamala harris tomorrow at 6:00 p.m. eastern on special report and coming up egregious and according to my pal and former ambassador to the vatican jim nicholson, he'll join us next. i'm kudlow, we'll be right back. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan

art laffer, peace through strength. >> i love it, larry, i just love it.ng up here, the great vivek ramaswamy. you know, he's in favor of deportation of illegal immigrants and also tenured bureaucrats, i'll call them. he'll join us next to talk about how and why to do it. i'm kudlow. we'll be right back.crif ♪ and i'll stop ordering everything that's trending on instagram. and i will no longer agree to the add-ons at the oil change place just because the mechanic called me "ma'am." it really is a top-of-the-line filter, ma'am. and of course, we'll downgrade our insurance -to get a lower rate. -well, you know, you don't have to make sacrifices now that you're saving money with the progressive home and auto bundle. you couldn't have said that like 6 seconds ago? ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on, it was easy to seeee ♪ ♪ i'm lowering my a1c ♪ jardiance works 24/7 in your body to flush out some sugar. and for adults with t

i want to bring in laffer associates' founder and chairman, art laffer.e two americans, right in when economists put them all in the same bucket, they look at this aggregate data, it always a looks strong. but if you knocked on each individual door, i think, the it's a different reality. just your thoughts on how do you have policies based on aggregate data when the rich folks have gotten extraordinarily richer in the last few years, but poor people are struggling? >> i don't know how you do it, you just described two pratt sets of data, one rich, one poor. we've been struggling for a long, long time, charles. there's been a secular decline in the u.s. there's a secular decline in the world around them. if you look at japan, it's not doing well. you look at europe, britain, chile and china, they're all in set declines. russia has just disappeared from the face of the earth, honestly. and if you look at the u.s., these policies have not led to the type of growth we should have had if we'd had the type of economy we needed with tax cuts, sound money, spendi

steve forbes and art laffer.trump-appointed economic miracle and the plan to unleash prosperity. we have information about who came up with that title. but we'll go there in a bit. steve, i got to ask you about the jobs numbers. move than 111 above what was expected and there's a lot of -- as people peer deeply into the miles per hours and they're noticing irregularities and seasonal adjustments regarding government jobs. >> they're losing $2 trillion a year and we should be learfield img ductions in force. government pays half the cost of healthcare and government is becoming the biggest supporter many america. david: education as well and even the private education with a lot of federal money going into their>> in december, number of people and holiday jobs and the like soar. they adjust that down. in january these people go back and get laid off and seasonally adjusted, they go up. seasonally adjusted, maybe chicago has taken over bureau of labor statistics in terms how you interpret this thing much the other

eric hoplin a new report finds kamala harris economic plans would harm workers in every state, laffer tengler investment, ceo nancy tengler here, election five weeks from today you are watching "mornings with maria" live on "fox business" stay with us. ♪ ♪ as the world is growing, it needs copper, scandium, cobalt and gold. these metals power our technology and sustain our everyday lives. doubleview is transitioning from exploration to development. ready to meet the challenge. doubleview. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. maria: wlel we'll. take a look at futures this on this first trading definite octoberched a fourth quarter things turned mixed dow industrials down 108 nasdaq, however, up 12, look at the month of september. where once again we had gains across the board. for stocks. in september alone, the dow up almost 2%, s&p up better than 2% nasdaq up 2 2/3% third quarter very strong pe

she is the ceo at laffer tengler investments. nancy, always great to see you we thank you for rolling with what is a very busy day. there are lots of stocks in the news some of themunfavorably regarded including mcdonald's, apple, i guess you'd say starbucks has been weak. developments at boeing earnings coming out later today at tesla the market has been accelerating in its decline is this related to individual shares, or is this the beginning of something unwelcome >> well thanks good to be with you, tyler and kelly. i think a couple of things one is that in the face of expectations that the market would decline in september it actually rallied then the expectation was we'd see weakness in october. this is part and parcel of a bull market. you need to have corrections you need to have consolidation so when you get a flurry of bad news -- and i would say the mcdonald news is bad news. we got some weak chip numbers although texas instruments is rallying you've got the starbucks guidance pulled, although i think brian nichols did

read more check at this week's at barron's.com, that is all for us, we will se larry: did doctor art lafferl prize in economics. that's the subject of the rich

larry: so i just say, president trump gave up a lot for a presidential medal of freedom award and mow laffer deserves a mobile prize in economics when they vote next week. i have a feeling that liz macdonald might aubrey with me. just a feeling. lauliz: where are your prizes, larry? larry: look under here and there. we'll find them. have ambrette show. liz: hank so much. good to see you ben. welcome to the evening edit, i'm elizabeth macdonald. >> she's led the worst rescue operation in history. alabama, virginia, and it was pieces of florida got hit and the worst ever. liz: that was former president speaking today in joe biden's hometown of scranton, pennsylvania. breaking news and new polls both gallop and riders mow say trump is beating kamala on the economy. we'll get you an update on that. also from trump on what's going on with trump in the campaign trail and setting in. we have this story for you. >> cheers. >> there you go. >> beautiful city of milwaukee. liz: okay, kamala harris and vice president getting criticized for drinking beer with steven colbert as monster hurricane milton b

thank you madison alworth, joining me to talk more about the investment angle around that you will lafferent ceo nancy tengler your reaction to the gm quarter. >> maria thanks for having me it was great a great quarter. i think you can't debate that revenue i agree margins expand dividend expected to continue to grow returning capital to investors but that said it is up 36% madison raises the right point projections on evs have come down many said tesla deteriorated tesla has done i think you are seeing company in gm delivering, planned to deliver 200,000 evss appeals in conversation to tesla. >> i want your take overall about the numbers we are going to hear from boeing cocoa coolinga tesla tomorrow ups swift airlines thursday looking to the book of big tech earnings next week having we are also talking about general rally electric "the wall street journal" rights investors worried that a huge production increase from thine could day he rail the recovery of chipmaker what is your outlook for semiconductor industry look at numbers overall these are i guess tough comparisons but in the sec

larry: there are a number of conservative, supply side type oriented, art laffer quite a few, they never get into the articles that is too bad. -- marc short is a friend of mine but he hates donald trump why ask for him opinion, why not go to you or you scott b bessent. if you listen to what faulkender is saying, the econs are giving you their theory of how the world works. what they are not giving is actual objective analysis of what really happened. you of hist t historian, my took history might type of us more than goofy econo metric models or theories. >> in economic theories there a theory of equal e. >> we have history on our sierside, it is absurd when they are saying, they can't make the case even federal reserve on donald trump's side, two years ago they pub l published notes and minutes that said tariffs would be a one time price adjustment and should in the result in rate increase and fomc should -- >> who put that out? >> it was the board. it was from the one of the books that they do. so, you know, the fomc, in a rare appearance on donald trump's side. i am interested to see

don't know what walz said, 8 trillion dollar budget deficit, which is not true, revenues rose, we had lafferthe day before, they lie about who made out the best, middle and lower incomes they lied about revenue impact they lie about the whole thing, they just want to raise taxes. >> don't people see through this. >> i think they do, can they lied about it when before it passed. it was still working its way through capitol hill, they said it the cull taxes for rich -- cut taxes for rich, i cor covered did every day, you could go through akeeps at breitbart, you could go, almost everyone that pays taxes got a tax cut from that. larry: that is right by the way. people like the left of center, brookings institute and wharton penn model said, that i guess democrats oppose all broad-based tax cuts, they want tax credits, that is spending through the tax codes. targeted tax credits to their favorite political group. they don't want the whole country to enjoy the prosperity that would come from a broad based across. -- jfk-type or reagan-type or trump, they oppose it they always on, p oppose it, ken

larry: laffer said it best, if you had two apples and $10 and increase the supply of apples, what happense of apps? why is it so hard to figure out. >> disinflationary. >> the dollar is going up if trump is elected because it will create more demand for dollar. larry: probably will. we'll be more hospitable for investment and money all over. >> everybody around the world. larry: john and larry, thank you very much. president trump's powerful election statement and heard nationwide and it was heard around the world and not "the wall street journal" nick. we have more onset when kudlow returns. i it would you, i voted early today. i'm so pleased with myself. auto quote onlin e so you can get back to your monster to-do list. super helpful. see if you can save money at progressivecommercial.com. thank you. advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours. it's odd how in an instant things can transform. slipping out

i was talking with a good friend art laffer today reminding me ronald reagan of president he fired air-- what was in his own political interest. air traffic controller association had endorsed reagan, he did it fo it -- for good of country there is a taft-hartley bill that says if you are an essential worker to commerce of country. you need to be on the job. larry: a wrong example it is different. >> i'm saying -- they can't shut down the whole economy. larry: it may go a bunch of days, ronald reagan a great conservative icon, i agree. i was in the government, i was there. defending it on television. point i'm making. they were public service -- public unions. have no right to strike. that was the principle that reagan objected to. >> true. larry: nothing to do with what art and you are cooking up, nothing. and by the way, in those days, inflation of coming down. you are wrong there. what is here, faulkender, getting you in this, if you say one bad word i'm jumping on you too. you look at this thing, you look at this thing, what they. is 5 dollar an hour increase. okay per year. over 6

david: milton friedman affect and art laffer affect, supply and demand. charles: it was a keynesian affect and arthur burns affect. because i'm talking about printing money and spending a lot of money. that will always give you inflation because the demand side will outpace the supply-side with higher regulations. here is what i would say. i go out to dinner with wealthy people, live on the upper eastside normally democrat but some of them because of what is going on in the democratic party in israel, moving to trump but they will tell you there will be a restaurant in manhattan. it is packed but guess who it is packed with, speculators, financiers, millionaires, not packed with guys that scrape and save from money. if you want that scenario, the middle america scenario my guy who owns the coopertown diner, will tell you how they are squeezed left and right on goods to cook with where their profit margins are shrinking or have to raise prices but they start working class clientele. but do you see what i'm saying? the reality -- david: not only in new york

they are exporting to us, donald trump has a solution, it is reciprocal tariffs, you the great art lafferdonald trump is a free trader. at the end of the day, it a strategy escalate to deescalate. larry: i say to people, reciprocity is new free trade, you point it out in the article, if u.s. is running a free market economy, less no now than 4 years -- ago, we're relatively speaking, a free market economy. with a low average tariff rate of about 2% plus. china is not a free market economy. india is not. and they have tariff rates that are 3 or 5 times size of ours, so therefore, traditional free said economy does not work, you don't have equivalence between the trading countries. >> you are right, we're having problem with working within u.s., california, is really upset with what is happening in the red states, texas, florida, everyone is moving there. industry is taken off the rred state economies are great, in new york, california people are leaving imagine imposing some kind of sim similarity or versus china, even our european trading partners, germans have a lower propensity to consu

also if you get tax cuts, a laffer curve argument, we will take that money that we didn't give to uncle spend it in the economy. they are saying they are going to push growth. why don't you buy that? >> first of all, if you are going to impose tariffs, that increases inflation. if you are not going to import the goods from china because they are 60% tariffs, low value add, labor-intensive goods will go to vietnam, bangladesh, turkey, mexico. the idea that we are going to reshore low value manufacturing in the u.s. doesn't make sense. it is just a transfer from china to somewhere else. he is making the argument that making the tax cuts permanent will help economic growth. he wants to massively deregulated economy and he wants to move away from a green transition to phasing out those irs subsidies, going to massive subsidies in fossil fuel production. he says 3 million barrels per day over the next year's. the reality is, the regulation doesn't have a large impact on economic growth. maybe five or 10 basis point but not more than that. tariffs have a negative impact. sonali: that was nour

laffer said it best, if you have. >> he always because.you have two apples and $10, you increase supply of apples what happens to price of apples, why is this so hard to figure out. >> disinflation. >> dollar is going up if trump is elected it will create more demand for dollar assets. larry: it problem well. >> inch in wor -- it problem well. >> thank you very much. >> on kudlow, president trump's powerful electric closing statement, it was hurd nationwide. my suspicion it was hurd around the world, just not "wall street journal"'s tim, we have katie pavlich, caroline downey and roma doravi on set, i voted today, i am pleased with myself. your to-do list can be...a lot. ♪♪ super helpful. ♪♪ [ cheering ] what are invoices? progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance

stuart: your book with art laffer and trump-appointed economic miracle plan to unleash prosperity againiffs fit in there? >> we talk about tariffs and think trump is a free trade guy and using tariffs as a weapon to other countries. stuart: it's negotiation. >> trump loves tariffs and he came up with the title of the book. he held it up last week. stuart: it's a negotiating point. >> yeah, it is. stuart: do this and won't get tariffed. don't do it and you'll get tariffed. >> worked with everyone. europeans not paying nato dues and he said, okay, you're not paying nato dues, slapping you with a tariff. they paid them. stuart: eventually, yeah. steve, you're all right, thanks for joining us. always appreciate it. coming up, take a look at this house in seattle decorated for halloween with the figures of harris and walz in front of american flag and features trump in a prison uniform. jason rantz is our seattle guy and has a lot to say about that. trump's influence in pennsylvania is "astonishing". >> it was almost like taylor swift kind of swag. it's like everything. not just a sign. it's

steven moore is a senior economic advisor for the trump team and art laffer talking about the trump miraclereality, gentlemen. during the trump years, all right, we had an annual deficit of $809 billion. during the biden years, that went up by $826 billion to 1.6 trillion. art. which of these candidates, whoever wins on tuesday, will do something about that? >> well, i think trump will do a lot better than he did the first term. he won't be hit by the covid-19 pandemic and that was a large portion of what caused the deficits under trump. and i don't think anything will change frankly if kamala harris is elected. this is all covered very carefully in our book. we go through all of these things and the numbers there and i just don't see any change in anything if kamala harris is elected and trump, i think you will see the first couple of years of trump be the template, if you will, for what will happen under the full four years of a trump presidency. >> bill: one of the things absent from these campaigns is talk about debt and deficit. it is crushing us, all right? what do you think? >> both

they accept the tariffs as a cost and also for the reasons art laffer was talking about, they are notng to be as bad as they look now because it's a question of is he putting these in for their own sake or leverage to negotiate. stuart: that's whats the. >> and there's precedent there. in the first term he threatened tariffs on mexican beers and a cad coes, got right up to it, and he took them off. if this is just leverage, then there's a lot of upside here because you've got huge growth coming on the tax side. the tax foundation even accounting for the big cost of the tariffs looks at nearly 1% growth in the economy over the long term which is a big deal if in an economy the size of ours. stuart: all right, james, listen to what msnbc host joy reid had to say about trump's to recent bump in the polls. watch this. >> these claims that trump is surging with black and latino voters and leading in every ipg -- single swing state according to secret internal polls. despite all the hitler talk? yes. this race will be far too close. if because, unfortunately, we do is have a fascist grounds

you, the great art laffer was the one who told me donald trump is a free-trader at the end of the day and it's a strategy escalate to deescalate. larry: i say to people, reciprocity is the new free-trade, but you can't have, you point this out in your article. you can't have, if the united states is running essentially a free market economy, probably less so now than four years ago, but putting that aside, we are relatively speaking, a free market economy and only about 2%-plus. china's not a free market economy. india is not and they have tariff rates that are three, four, and five times the size of ours, so therefore, traditional free-trade economic literature doesn't work because you don't have any equivalents between the trading countries. >> you're exactly right and look, we're even having problems with working within the us. california is really upset with what's going on in the red states, texas, florida, everyone's moving there. industry is taken off. the red state economies are great. new york, california, people are leaving, so imagine trying to impose some kind of similarit

trump's plan really inflationary and know what, folks, art laffer should have won the noble prize an

we had laffer yesterday or the day before. they lie about who was the best.e middle and lower incomes that made out the best. they lie about the revenue impact. and they just lie about the whole thing, because all they want to do is raise taxes. >> don't people see through this? larry: that's what i'm getting at. >> they were lying about it even before it passed, when it was still working its way through capitol hill, they were saying oh, it's just going to cut taxes for the rich. larry: right. >> i covered it every single day and you can go back through the archives of breitbart news and find where we point out, it actually does, it almost everybody who pays taxes got a tax cut from that. larry: that's exactly right, by the way. people like the left of center, the brookings institute, the wharton penn model and so forth have said that. e. j., i guess democrats oppose all broad-based tax cuts. they want to have tax credits which is spending through the tax code, so all they are, is targeted tax credits to their favorite political group. they don't want the wh

i was talking to our good friend arthur laffer today.nded me that while ronald reagan was president, he did fire the air traffic controllers. and, by the way, what was against his own political interests because the association had actually endorsed reagan. but he did it for the good of the country. and there is the taft-hartley which says if you an essential worker to the commerce if of the country, you have to be on the job. and i think my own opinion, i'd like to see -- larry: it's the wrong, it's the wrong example. it's completely different -- [laughter] >> okay. all i'm saying, they can't shut down the whole economy, larry. [laughter] oh, stop. stop, stop, stop, they're not going to shut down the whole economy. it may go a bunch of days, and eventually taft-hartley will tick in. george w. bush gave it 11 days. ronald reagan -- that's a great conservative icon, and i agree, all right? i was in the government. i was was defending it on television -- >> i know you were. larry: march okay. point i'm making is they were public service, p

art laffer has ought me a lot, and if these selective tabs cuts are a bad idea. -- tax that cuts.ople to use barrowed money. of it's a very bad idea, and des moines never happen. stuart: we'll leave it at that. this was media blitz week for kamala harris. key -- it did not work. the democrats are getting worried. at the heart of her problem, she didn't differentiate herself -- she can't differentiate e herself from joe biden. >>> florida, devastated by two hurricanes. our next guest has two young are children, doesn't know where she'll be able to move -- when she'll be able to move back to her house which was destroyed. she joins us next. ♪ ♪ (cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillio

there are a number of conservative supply side art laffer, et cetera, it's quite a few of them.never seem to get into these stories or these articles which is really too bad. that was my criticism of timiaros the other day. he had mark shot in his article. he's a lovely fellow, a personal friend of mine, but marc short happens to hate donald trump so why ask him for his opinion? it's just not right. why not go to you, or you, scott bessent? either one of you would have been better substitutes in that article. but scott, if you listen to what he's saying and it's an important point. these econs are kind of giving you their theory of how the world works. what they're not giving is actual objective analysis of what really happened, so you're the historian. me too, scott. history my teach us more than these goofy models or theory. what do you say to that? >> well, larry, in economics there's a theory of equilibrium and you're never in equilibrium. you're moving toward it or away from it, and back to your point. we've got history on our side and it's just absurd what they're saying,

october, period, it serves as a running start to the best six months of the year, a term poppe lafferizedes: yeah. i think i used a chart on that recently that six months ending in october up more than 10%, every single time the market has a rallied. there's never been a time it hasn't. you've been bullish for a long time. the bandwagon's filling up, and now people are talking about a melt-up. is there any sort of contrarian inside of you that says too many people are too excited? >> well, yeah. it's sort of like the old colombian coffee commercial, being served on the starboard side and the boat dramatically lists to the other side. if too many people are on one side, then too much money has been put to work with, who's left to either support or drive prices higher. so i would tend to the say that remember we are now in the beginning of third year of a bull market. traditionally, third years have only advanced by 2. the 2. and a majority of these stock periods have either seen bear markets, declines or sub-average returns. charles: we've got less than a minute to go, sam. i'm looking at

she wouldn't know a laffer curve from a chocolate digestive. i think that's an excellent point.optimisation problem, not a political issue. unfortunately, socialists have never understood this. thank you for those. i think all excellent points. four becomes three tom tugendhat bows out of the conservative leadership race after failing to secure sufficient backing from members of parliament, james cleverly has stormed ahead of robert jenrick in this afternoon's third round and leaving kemi in third place at the moment. but very close between second and third. so time edges nearer for two riders to have their fate decided by the loyal members . what are the the loyal members. what are the final three need to do to reign victorious ? first with the mps victorious? first with the mps tomorrow, then with the tory faithful and then with the country at large? and who should be most optimistic and who would be most optimistic and who would be best? well, we can get the views of my most cantankerous panel views of my most cantankerous panel. the former editor of the sun, kelvin mackenzie