good evening, i'm larry kudlow. before we get to all of our stories, our sizzle story this evening is this, another five year high in a market that jumped 62 points. but gosh does it have legs, the kudlow report begins right now. >> s&p 500 now just 70 points shy of an all time high also up on the day. here now is one of the respected names adam parker. thank you for coming out here. do google beat good add numbers. stock up after hours trading. that tells me that the economy is doing better. what is your take? >> i think the economy is more mixed. it seems to me, google hot today and obviously a great tech story and also an advertising tostory. friday, general electric. kind of told us that world economic expectations might be better. is the world better? >> i think it is possible that the eearnings are going to be better. if you look at the bottom of estimates, they were $114 for the s&p -- i'm sorry $120 they are coming down. we suspect they are going to continue to come down. we suspect the corporate earnings ar

i'm larry kudlow. this is "the kudlow report." flanked by school children president obama lays out his case for gun control and cure tailing mass violence. new limits on assault weapons and high capacity ammo magazines. will it work? we'll debate that. the major gun maker stock finished much higher today and also talk what that might mean. importantly we have this breaking news. the faa has just moved to ground all 787 boeing dreamliner flights. that's right. the faa says this is until boeing can prove its on board batteries are quote safe and in compliance. this comes after a recent slew of on board fires on these new jets. finally tonight how can the gop start winning national elections again? my pal and our special guest, joe scarborough, the anchor of msnbc "morning joe" is going to join us later. he and i will plot some republican reform. >> first up let's start with boeing. the faa has grounded the boeing 787 dreamliner in the u.s. pending a safeafet check of the plane's lithium batteries. united

i'm larry kudlow. the kudlow report. you know we learned today in this solid bull market apple doesn't run the market. even with its crash the dow managed to rise and the s&p 500 was flat. this by itself was very bullish and is part of our still bullish theme here. there was drama in washington, d.c. also, senator diane feinstein declares a goal to dry up the supply of weapons over time. she wants to immediately ban 150 types. she may as well ban the second amendment while she's at it because this is an outrageous over the top stuff. i don't believe it. i'm kudlow. this is the kudlow report and we begin right now. >> first up, old time market highs in sight. the dow iing closer to the 14,000 market. s&p 500 also closing ever so slightly in the green to secure its first seven day winning streak since october 2006. apple took a major bite out of today's market rally. it drops 63 bucks or roughly 12% but it didn't derail the whole market or that unappreciated bull trend that want continues to get no respe

appreciate it, bob mcteer and larry kudlow. ou tonight on "the dud low report." >> a down day for stocks and our panel of market watchers on what happens tomorrow morning. back in a moment. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. with 30 seconds on the clock, our next guests will tell us what could move the market tomorrow. quint tatro, jim key and sahaq manwelian. you are first. go ahead. >> markets break out higher. tomorrow morning, we look forward to an initial jobless cams that came in at multiyear lows last week. one stock we'd like to highlight here is tetratech. outperformed in water an renewable energy space. the company just reported earnings this afternoon and recently broke above its consolidation

i'm larry kudlow.is "the kudlow report." shocking .1% drop in gdp now has team obama blaming republicans for the fiscal cliff and the sequester spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gd

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i'm larry kudlow. this is the "kudlow report." get ready to rumble, america.irst political battle of 2013 is on. it starts in washington. where today president obama for some reason went ahead with his decision to nominate chuck hagel for secretary of defense. hagel's a republican, but he's been accused of anti-semitism toward israel and he's also soft on iran. >>> and epa regulatory menace lisa jackson finally resigning because president obama apparently will approve the keystone pipeline. that's the latest from a number of sources. and i say good riddance to her, but good for the keystone pipeline. here is a disgraceful story tonight. new reports that welfare cash is being spent on strippers, booze, and important shows. whatever happened to work requirements. and the battle everyone's waiting for in miami tonight, notre dame looks to win the national championship over obama. but in one way, the fighting irish may have already won. and last but not least, i'm going to tell you why i think a debt ceiling and government shutdown, bad idea. i'm going to show you

i'm larry kudlow.or stocks and real estate prices. are we out of the woods? we are going to get expert opinions on all of that. first up, with a march 1st deadline looming. senate leader harry reid said today democrats are considering short-term deferrales and they want a couple of those with tax revenue increases. this is all wrong. the spending should go through as it should be on march 1st. lower spending and smaller government will keep resources in the private sector and grow the economy. we have exclusively the senate's third ranking republican are. mr. john thune. do you make of it? >> right, and i got to tell you, larry, you kind of stole my talking points there. but they are proposing doing, is doing away with the sequester. doing away with the spending cuts and that is what we all voted for. and now you want to do away with that and replace it with tax increases. as far as we are concerned that has been dealt with. they are promoting now more taxes. they are talking about the budget, tax incr

. >> good evening, everyone, i'm larry kudlow.boeing 787 fit to fly or is it a firiing nightmare. and the stock has been crushed. meanwhile after filling out his national security bcabinet. we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know w

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i'm larry kudlow. in this half hour, is the economy getting stronger in the new year?t number out today, surprised everybody. and then, better growth actually changed fed policy at its meeting this week. and then in iran, did they blow up a nuclear facility? it's all being officially denied in tehran. the israelis believe it did happen. we'll take a closer look at what we know and what we don't know. but first up, finally a budget cut. i call it a tax cut, and it is really pro-growth. take a listen to paul ryan yesterday on "meet the press." >> we think these sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> right. don't believe those big government spenders, they are dead wrong. i say bring on the cuts. they'll wind up being pro-growth. let's talk. we bring on dean baker, senate for economic and policy research, and president of american commitment and author of "democracy denied." dean baker, the gig is up. the cuts are coming, and i say i unlike the stimulus package, these

i'm larry kudlow, this is the "kudlow report."ington, the obama team pushed its gun control agenda on three fronts today. talking to walmart, the nra, and hollywood. and the administration package is starting to take shape and we're going to walk you through it. also in washington, d.c., president obama finally makes it official and nominates jack lew for treasury secretary. but, he received a quote obscene million dollar bonus as his boss obama would put it while working at citibank which got bailed out to the tune of $45 billion. is that part of the jack lew story that's going to make him toxic in his confirmation hearings? >>> and we go out to san diego where the family of the late nfl star junior learned he had a brain disease when he committed suicide. did football kill him? >>> and back to hollywood, my favorite movie of the year "lincoln" gets the lion share of oscar nominations. this is a fabulous film about government dysfunction and how abe lincoln solved it then. can we learn something about it now? the "kudlow report"

i am larry kudlow. we'll see you next week.

i'm larry kudlow. and this half hour, call it the magic coin trick.n in the history of the world resort to a banana republic gimmick like minting a $1 trillion platinum coin to get out of the debt corner? it's a stupid and ridiculous idea. before we get to that, i still say he's a bad choice for treasury secretary. he has no international background, was one of america's worst budget directors, way too far to the left and republican directors can't stand him. who would've been a better choice? i've got a few choices. larry fink would have been just fine, jamie dimon, ken chenault and steve scharzman. and would've sent a better signal to the markets. here now to talk about it, cnbc contributor, former presidential candidate howard dean. and forbes media chairman steve forbes, author of "freedom manifesto," why free markets are moral and big government is not. well, howard dean, maybe i'm too hard on him, but i think this is a dreadful choice. no financial, no international, doesn't know anything about the dollar. and maybe the worst part, he was a terr

i'm larry kudlow. this is "the kudlow report." so washington is gearing up for a nasty, brutish and ugly fight over raising the nation's debt limit. already republicans are talking about a government shutdown. and newly toughened john boehner is going to lead the spending cut charge. all right. next up, harsh attacks on former vice president al gore over his decision to sell current tv to al jazeera, which our special guest tonight calls terrorism tv. and a threat to national security. remember, they were first known as the mouthpiece for osama bin laden. then in hollywood, big-time stars are rallying around the new film "promised land" which opens this evening. it's a movie with no evidence whatsoever. it demonizes fracking and the gas industry. when will hollywood stop killing jobs? "the kudlow report" begins right now. >>> first up, cut the spending. or face a government shut tdown. by all accounts this debt ceiling battle is going to be an ugly one. and after his brush with the conservative revolt

i'm larry kudlow. this is "the kudlow report." let's start with kelly evans. >> reporter: a historic rally, even though we saw stocks surging. by the way, not just in the u.s. this was really a global move. the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exch

. >> good evening everyone ine larry kudlow, this is, "the kudlow report". here is another tip i have for the gop. president obama will compromise. so you can raise the debt ceiling and cut spending and you can get all that done if you play your cards right. but what is the conservative advice for the republican party for the long run? what does the gop need to do to change it's message? and wheel ask pennsylvania governor comcore bet, we'll find out why people from virginia to maryland to new jersey are moving to his state and what will lance armstrong's doping admissions cost him. the lawsuits are already piling up. and possible criminal prosecution. but here is another question. could armstrong go to jail? the kudlow report begins right now. >> here is my quick take on his debt ceiling stand off. do not mess with the credit rating with the united states of america. however, you can race the debt ceiling and cut spending at the same time. on top of that, you kcan fix th $2 trillion situation. that is my take. charlie wrangle from new york and i begin with

we'll see, i'm larry kudlow. stay with us. kick off 2013 with style. people and industries and million dollars rackets. the new year's day marathon on cnbc. 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the whole fiscal cliff in washington tonight. l

that's larry kudlow. all right, let's take this. this is very difficult. i'll tell you why it's difficult. new star is a teleco company but you could say it's a tech company. we'll get rid of teleco and keep 3d. we're going to put a health care company in this one, too. we're going to add pfizer, give you 3the 3.67% yield you need. wells fargo, and i got to tell you that i think that wells is going to be one of the better bank performers. we're going to have a financial, a tech, a health care, a retail and an industrial and that will do it. rochester, again, congratulations. >> let's go to logan in maryland. logan. >> caller: thanks for taking my call. appreciate the help. >> my pleasure. >> caller: i have key, cheniere lng, valerro, jarrodin group, jah. the last 20% is cash but i'm thinking about going gld and i'm 29 years old. >> it doesn't sound like it to me. i think they know if they left the marking, they have a checking account. i like the call. i think 10% does it right now because gold, put a second 10% as it drops. jarrode jarden, that's a housew

i'm larry kudlow.is half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terro

here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get it passed before you start having all the interest groups start finding out everything they think is wrong with it and giving people excuses not to support it. >> and that tax deal was reached after intense negotiations between senate minority leader mitch mcconnell and vice president joe biden. here are some of the highlights. the proposed deal is set to raise over $600 billion in revenue through new tax increases on the wealthiest americans. the bush era tax rates would be extended for all single americans with income below $400,000. and couples with income below $450,000. all income above those levels would be taxed at a clinton era top tax rate of 39.6%. and

senator tom coburn of oklahoma talked to cnbc's larry kudlow earlier tonight and explained why there seems to be a sudden momentum to get something accomplished in the senate. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple day, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature you need to get it passed before you start having all the interest groups start finding out everything they think is wrong with it and giving people excuses not to support it. >> of course, no plan can go into effect without being passed in the house there is a concern that house republicans might stall that process. here is kansas republican tim huelskamp on cnn earlier tonight. >> near as we can tell it increases taxes on certain americans and it would probably increase spending as well. and there might be a debt ceiling part of that as well. and it doesn't anything about entitlement

i'm larry kudlow. this is "the kudlow report." the new sizzle, the republican john boehner. hung on to his speakership despite some challenges and some tense moments on the floor of the house. and he keeps his job as speaker. but where does he go from here? has the battle over the debt ceiling and a possible government shutdown are all around the corner. but the gop has nothing but fiscal problems ahead of itself. nothing but problems. a few moments ago, new texas senator ted cruise told me that a government shutdown should be on the negotiating table that's what cruise said. >>> plus, we go out to san francisco, the middle east backed news network al jazeera is buying al gore's current tv for a whopping 500 million bucks. many believe al jazeera is nothing but pro-terrorist and anti-american and should not have a foot hold in the usa. >>> all right. first up tonight, high tension on capitol hill. house speaker john boehner barely held off a possible gop revolt over his speakership. republicans voted against boehner for speaker and five others abstained or voted present. was

i'm larry kudlow. this is "the kudlow report." it's getting nasty again. today, president obama promises not to compromise on the debt ceiling. as usual he demonizing -- demonizes republicans for hurting our elderly and the troops. meanwhile the white house won't deliver its own budget in time and still wants to raise more taxes. we're about to hear a response from a republican house member. >>> that's not all. fed chief ben bernanke is saying it must raise the debt ceiling and that the fed is going to keep buying bonds for now. on this one-month anniversary of the heinous, awful newtown shootings, the sheriff comes out in favor of banning assault weapons. "the kudlow report" begins right now. >>> first up tonight, president obama slams the republicans. he says no gimmick, no magic coins. just the plain old standoff on the debt ceiling. who is gonna blink first in this? john harwood joins us from washington with the details. good evening. >> good evening. the president used the last news conference of first term to draw an ever-brighter line with congressi

>>> good evening, everyone, i'm larry kudlow. me begin tonight with a simple economic message to my republican friends. if you don't communicate and implement a program of deep spending cuts. . including across the board spending sequester, you risk losing control of the house in the 2014 election. why? well, i know the democrats won't cut spending either, but i also know the conservative base of the republican party will stay home or walk away. and, frankly, coming out of your retreat in williamsburg, virginia, i didn't hear the key message of deep spending cuts, not the message that deep spending cuts will help grow the economy and help create jobs. . . but i did hear no budget, no pay, aimed at democratic senators but then deemed unconstitutional, and an extension of the debt ceiling for about three months which is okay. . it doesn't really go to the heart of the matter. we're going to have a report on this whole story in just a moment. . meanwhile, better news, the stock rally continues up 54 points on the dow, 161 points for

larry kudlow will be our guest in 20 minutes.0 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> a sight for sore eyes. >> good morning. happy new year. fortunately or unfortunately i get about a thousand year-end reviews. one stood out this career. one is the asset manager firm. it's up to 20 plus years now, outperformed the s&p more than two to one of 28% last career, mark ten years significant value over the s&p. and so let's talk about some of the names on the 2013 forgotten 40 list. let's start out with gold foods. why is that on the list and tell us why you like it. >> sure. thanks for having me, first. gold is on there for two reasons. one, when we look at a company, it's a figure that makes you stop over a descending value over a reasonable period of time. david murdoch who we believe over time he or his heirs cover th

larry sets the debate in motion the kudlow report next on cnbc. successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today.