trust me on that, i'm larry kudlow. we'll be right back. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with the geico mobile app. to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. >>> we choose to live in the world where a thug and a murderer like bashir al assad can gas thousands of his own people with impunity, even after the united states and our allies said no and then the world does nothing about it. there will be no end to the test of our resolve and the dangers that will flow from t

i'm larry kudlow. this is "the kudlow report." the federal reserve minutes. did they tell us anything? steve liesman joins us in jackson hole. >> good evening, larry, from jackson hole where the fed is gathering. they're gathering without ben bernanke and mario draghi. the fed is releasing its minutes from the july meeting in which it showed no clear intention as to the tapering in september. the committee is split with a few members saying the fed should be patient before tapering. there was not enough economic data and a few members saying the fed should stick to the plan announced in june. quote, it might soon be time to taper. almost all of the participants were pretty comfortable with the june guidance which said that the tapering or quantitative easing amounts would be dependent on the incoming economic data. if you were hoping for clear guidance from the minutes, you didn't get them. the fed meeting was a high but not unprecedented amount of uncertainty over its outlook and its leadership here. every four years we have a bit of uncertainty over who's go

i'm larry kudlow. called the flash freeze. a technical error shut down trading on the nasdaq for more than three hours. cnbc brian sullivan was on "fast money" anchor desk when this all went down. brian, for viewers who missed the big news today tell us what happened. >> reporter: we're still trying to figure out what happened. i'll give you what we do know and figure it out from there. about 12:23 you started to see this stuff come down hey i can trade, i'm not getting a bid ask, no price. what happened the nasdaq there was price discovery problem. the trading was fine, figuring out the price was not. that was about 12:23. at first it seemed like a small deal. then bigger. shortly after that the nasdaq halted all nasdaq trade stocks and it wasn't just at the nasdaq because you can trade nasdaq names on other platforms, but all the other platforms were stopped trading because nobody could uncover the correct price for anything, basically around 3:30 stocks started trading again. it didn't affect anything except the nasdaq pric

i'm larry kudlow. excuse me.lers in the red, some horrendous numbers out of the retail sector this week. whatever happened to spending. this could make for an interesting back to school season. courtney regan joins us now with all the details. good evening, courtney. >> reporter: retailers july sales haven't inspired much confidence for back to school. traditional mall based retailers have warned investors about weaker than expected july sales and an impact to earnings when the companies report later this month. discounts at local malls haven't enticed shoppers outlet malls are a different story. here at woodbury mall there's lines to get in some of the stores. saks and nordstrom are banking on the outlet boom. nordstrom announced four more rack locations last month. >> the vacancy rates at outlet malls are running about 5%. you're seeing on the traditional retail side probably somewhere between 10% and 15% as far as the vacancy. so they obviously are seeing a lot more traffic. >> reporter: the teens are interest

i'm larry kudlow. this is the "kudlow report." first up tonight, very strong start for stocks this month. the dow and s&p closing at record highs. by the way, it's the first time the s&p has closed above 1,700 points. with yesterday's dovish fed statement, you got solid earnings this quarter and some positive economic data with today's jobless claims. are we in the perfect climate for stocks? we never are but we have to ask our distinguished experts. first up, dennis gartman and we have ed bartowski. i want to go to my pal dennis gartman. you know better than i do, there's never a perfect scenario. when you think everything is perfect, it's not perfect. i wanted to ask you as you see the world, where's the fly in this ointment going to come from? >> well, i guess, larry, the fly in the ointment, though i'm not convinced there is one is rates are going to be rising eventually and that will be d t detrimental to bond prices. you and i can remember trading the long bond at 15 yield and i think what you have is the market wants to go

good evening, i'm larry kudlow. this is the "kudlow report." first up tonight, breaking news, jeff bezos paying $250 million for "the washington post" newspaper. a few days ago boston red sox owner john henry bought the "boston globe" for the bargain basement price of only $70 million. what is going on here? why will these foes succeed while others have failed. joining us is our own julia boorstin. why will they succeed where others have failed in. >> i think the question is how do you define success? one thing jeff bezos makes very clear in his letter about this and it was also in the press release is that he's not investing this just as a financial endeavor but he sees this as supporting journalism. he says "i understand the critical role the post plays in washington, d.c. and our nation and the post values will not change." he talks about the importance of the fact that the internet has changed every part of the news interest and it needs to expand and innovate. he has a lot of success using technology to transform the distribution of conten

i'm larry kudlow. this is "the kudlow report." first up tonight, a major shake-up at two of the country's most influential newspapers. after four generations of family ownership the "washington post" is selling to amazon ceo jeff bezos. this coming on the heels of the "new york times" fire sale of the "boston globe," unloading the paper to red sox owner john henry for seven cents on the dollar. so what do the "washington post," "the new york times," "the boston globe," and let's add the "l.a. times" and the "chicago tribune," what do they all have in common? well, they're flunking the digital revolution. they're also ignoring center-right conservative readers. and therefore, they're getting slammed by new media competition. at least that's my take. so here's my question. can bad content be a killer for these crashing newspapers? let's talk. we have mark walsh, co-host of "left jab" on sirius radio, and syndicated columnist radio host hue hewitt and michael medved. as i live and breathe. thank you, gentlemen. hugh hewitt-i want to

i'm larry kudlow. this is the "kudlow report". first up, let's look at positive signs in the global economy. initial jobless data out today. lowest level since before the recession. mortgage delinquencies, five year low. even traces of growth abroad. so my question is a simple one. are we underestimating the global economy? maybe we're all too pessimistic. or maybe not. here from the cme is rick santelli, also with us joe la voin i can't and jared bernstein. rick santelli, such a pleasure to have you back on the show. i go to you first. rick, your jobless claims have come down, lowest since november '07. food prices are actually falling in a new report today. that's great for consumers. and what really caught my eye was that serious u.s. mortgage delink gwe delinquencies a five year low. maybe things are better. >> all i can think is maybe we overestimated some of the down side whether in u.s., europe. but i think we're overprizing stabilization. i think positive things are happening, but then again, time does heal all wounds. and

this is "the kudlow report" live and i'm larry kudlow. this evening, president obama finally fighting back after the slap in the face from russia which is giving a likely criminal, edward snowden, a year to hide. i say, good for you, mr. president. nbc news steve handelsman joins us live now with all of the details. good evening, steve. >> larry, good evening to you. one reason to have held this summit is to talk about fighting terrorists. the united states and russia sometimes have done some of that together. i think before and after the boston marathon bombing. but there were other problems and the snowden case clearly tipped the balance. before he made public his decision to cancel, president obama in california was on the tonight show with jay leno and complained that the too often russia and putin have a cold war mind set. >> what i say to president putin, that's the past. and we've got to think about the future. >> criticism of the nsa, meanwhile, the peak with snowden in russia has subsided a bit with the revelation that the u.s. g

i'm larry kudlow. this is "the kudlow report." first up tonight, after delivering a number of economic growth speeches this summer, president obama has still failed to provide any economic growth message. in fact, the tax, spend, and mandate obama care plan is a huge drag on the economy. and on top of that the president's idea of corporate tax reform is really a tax grab for all his pet spending projects. there's no sign of the keystone pipeline. an epa war against coal and fossil fuel. and a double whammy of investor tax hikes and new regulation. so i ask why should the second half of this year's economy grow any faster than the nearly 2% growth of the first half? why? i don't see it. and in july numbers they were very mediocre. and if the fed makes any move at all, and i think they shouldn't, it's going to be a sliver. not even a taper. now, the president obsesses about income ineke waultd, but he says nothing about economic growth policy that's would create a rising tide that would lift all boats, which is what we need. i'm hon

i'm larry kudlow.alf hour, more and more cities and states say obama care is forcing them to cut government worker jobs and hours. obama care, turns out, is a bigger job killer than the budget sequester. tax migration, where to live. americans vote with their feet and their dollars. we'll show you the states that are getting the money and those that are losing it. first up this evening, president obama blaming republicans and rush limbaugh of all people for the budget impasse in congress. take a listen to the president talking about his republican colleagues on cnn. >> sometimes they say to me privately i agree with you, but i'm worried about a primary from, you know, somebody in the tea party back in my district or i'm worried about what rush limbaugh's going to say about me on the radio, and so you have to understand it's really difficult. >> as if president obama is at his absolute worse and plain silly earns, i hate to say that, but that's my view. boehner will be passing the continual resolution.

kudlow. >>> gl evening, larry. the nfl will paid $765 million to settle lawsuits, the players claiming the league knew and hid the dangers of concussions. it ends a legal battle and prevents the nfl from having to turn over information on what it knew about head injuries. it will be used to treat and compensation families. >>> those laws allow pot for recreational purposes, and though still under legal review -- or though it's still illegal, i should say under federal law, the doj says it won't prosecute. >>> and that means same-sex couples will get the same treatment until the tax law as any other married couples. >>> big stuff out of washington. thank you, mary. we appreciate it. >>> now, sure they work hard, about you should young, inexperienced fast-food workers get paid $15 an hour like they protesters are demanding? we will debate market realities and economic sanity just ahead on "the kudlow report." when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happ

i'm larry kudlow. this is "the kudlow report." in a major developing story, nbc news is reporting a strike against syria could come as early as thursday. aids say president obama and no longer questions if the syrian government used chemical weapons. the questions are what will the u.s. do and with who's help. nbc's richard engel joins us now from the turkey/syria border with all the latest details. good evening, richard. >> reporter: larry, syria is showing no signs by being deterred of all of this talk of military action. in fact, just yesterday there was another attack that rebels say used chemical agents. a white phosphorous attack that doctors say killed at least 12 people. white phosphorous technically isn't a chemical weapon, but it is illegal if it's used to kill people. it's a burning agent, a burning smoke used by many militaries. in this case it was dropped on civilians according to the rebels. today syria's foreign minister said that the country by all means necessary if, in fact, it is attacked by the united states or

i'm michelle caruso cabrera in for larry kudlow.this half-hour, call it the government gone wild. wherever you look these days, seems like uncle sam is getting very involved in the free markets. the headline today, the effort to break up the u.s. airlines-american airlines merger. >>> also, look at this new facility for the university of oregon football team. are we sure we still want to call college football an amateur sport? we're going to take you inside the palace that bill knight built. that's a little later this hour. >>> president obama took questions about the failing implementation of the affordable care act last week in his press conference. did he really answer any questions? take a listen and decide. >> i want to ask you about two important dates that are coming up. october 1st, you've got to implement your health care law. you recently decided on your own to delay a key part of that. if you pick and choose what parts of the law to implement, couldn't your successor down the road pick and choose whether they'll implement

i'm larry kudlow. the u.s. is on high alert over the threat of an al qaeda terror attack in the northeast or north africa starting this weekend. nbc news' pete williams joins us now with all of the details. good evening, pete. >> u.s. officials say this in response to an al qaeda threat from yemen. some kind of unspecified plot to attack u.s. diplomatic posts overseas starting this sunday. in response, the state department ordered sunday closings for seven embassies and consulates in 17 foreign countries and there are reports and these are posts that would normally be open on sunday and that's the usual work day in the muslim world and they're mostly in the middle east and north africa. it is unclear at this point whether they would remain closed beyond sunday and the state department has also issued a world wide travel alert for americans who live or are traveling overseas and it urges them to be extra vigilant during the coming month and that's an indication of how long this threat window is for at least four

i'm larry kudlow. called the flash freeze.or shut down trading on the nasdaq for more than three hours. cnbc brian sullivan was on "fast money" anchor desk when this all went down. brian, for viewers who missed the big news today tell us what happened. >> reporter: we're still trying to figure out what happened. i'll give you what we do know and figure it out from there. about 12:23 you started to see this stuff come down hey i can trade, i'm not getting a bid ask, no price.

is facing in syria, former defense secretary donald rumsfeld will be joining larry kudlow tonight. >>in recent years getting a mortgage has swung from being way too easy to way too hard. now potential rules could make it harder. we'll explain what's being considered and how it could impact the entire housing market. >> the gaming wars ratchet it up a notch with nintendo planning to cut prices of their console and roll out a new and less expensive hand-held device at the same time. we'll speak with the president of nintendo about his later offensive. don't miss it. coming up. make their money do . (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." in a we believe outshining the competition tomorrow requires challenging y

i'm larry kudlow.ot of free market capitalism on this program, from turnaround business artist to entertainers from hollywood and elsewhere. even an actor or two. it's good stuff. and don't forget john f. kennedy. oh, my gosh. he was the first supply sider. ...and a great deal. thanks to dad. (gasp) nope. aw! guys! grrrr let's leave the deals to hotels.com. (nice bear!) ooo! that one! nice! got it! oh my gosh this is so cool! awesome! perfect! yep, and no angry bears. the perfect place is on sale now. up to 30% off. only at hotels.com hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. and this park is the inside of your body. see, the special psyllium fiber in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. metamucil. (announcer) at sc

mitt romney was probably the most conservative republican to run since ronald reagan and i think larry kudlows agreed with me on that point. so these, i think there is just a lot of mislabeling going on. the party is open to support from conservatives, traditional moderate republicans, libertarians and tea party. this is a party of inclusion. the democrats are the ones that seem to have everybody way over on the left-hand side of the seesaw and there is no balance in that party and i think that is the message republicans, including chris christie, including ron paul, including all who have a interest in president being communicating out there. martha: would you like to see these guys come together and form a common bond and common front and make the argument you just made? >> yeah, i'd like to see these guys understand that winning does mean including people across the board. it doesn't meep you all agree on everything. it doesn't mean you don't debate issues. it doesn't mean you may not have differing positions but they're all unified, every single one of them are unified by understanding we

our first story comes from cnbc's own larry kudlow where he says a key insider source tells him that geithner has been leading the search for ben bernanke's replacement as fed chairman. and larry points out the same source predicted a larry summers boom well before summers' name became public. and now the source says the only way to end the fighting between hopefuls yellen and summers is to find a third option, and that option is said to include geithner. along with former fed insider don kohn. what do you think? geithner running the fed? >> okay. i have been told repeatedly -- repeatedly, because this geithner idea has been floated many times. i floated it at one point, and i've been told that he is off the table. do i believe he's in the room -- >> you floated it? >> a long time ago. >> andrew ross sorkin floated it? >> a long time ago. a year ago. >> people talking about andrew ross sorkin floating it? what does that mean? i think it's going to be carrot top. maybe it will be carrot top. >> maybe it will be carrot top. >> joe kernen floated carrot top. you're delusional. you have d

this is "the kudlow report." larry is off tonight. first up, huge market sell-off. the dow falling 225 points, s & p 500 down 24 and nasdaq fell 63 points. so what's the biggest reason for the sell-off? fear of the fed taper or disappointing profits? joining me on set are larry mcdonald, david goldman, currently president of macro strategy, and alec young, global equity strategist with s & p capital iq. you focus on equities, that's another way to say the stock market. it dropped dramatically today. here's what i don't understand. we got the weekly unemployment claims, people filing for jobless claims for the first time. lowest level we've seen in years. at the same time, we have heard from all these retailers that things aren't very good. what is the story? >> i think we're back into a situation where good news is bad news from a taper perspective. the other thing that i think has investors worried is as the data's come in, it hasn't been great but it hasn't been weak enough to get bond traders to back off the idea of the september taper. so they're taking the ten-

kudlow report". i'm bill griffith in for larry.s half hour a blockbuster story in the "the washington post" shows the nsa surveillance program has illegally gathered information on americans more than 2,000 times. president obama's soothing words about this ringing hollow. the dow has wrapped up its worst week of the year what did you look for or what do you look for on monday and the rest of next week for your monday. we'll get some very specific checkpoints. bust first it was another day of deadly violence in egypt. let's go to cairo where richard engel is there for us tonight. >> reporter: bill, the muslim brotherhood had been calling for a dave rage and that's certainly what we saw today. it began with a protest of a few thousand people in ramsey square by the train station right in the center of cairo. but just after a couple of hours there was protests became riots, fires were lit. exchanges of gunfire between the protesters and the security forces. and then as the day progressed about 100 people were killed in this demonstra

kudlow report" right now. >> good evening. i'm michelle caruso cabrera. larry is off tonight. attorney general air hoeric hol announcing his changes to the american justice system. steve handelsman has the story. >> reporter: this is about two things. number one, the u.s. federal prison system is unbelievably overcrowded. since minimum mandatory sentencing took effect in the early 8 s. we have 25% of the world's prisoners. but there's also a community problem, a personal problem, being locked up say many experts in this field for relatively minor offenses takes a toll on an individual, on a community, on family. today i spoke to marcia montgomery. she says two of her nephews went to jail for ten years for pot. >> it does a lot of damage. it broke their spirit. they act like nobody cares about them. >> reporter: holder in effect today agreed. >> too many americans go to too many prisons for far too long. today a vicious cycle of poverty, criminality and incarceration traps too many americans and weakens too many communities. >> so should we get rid of mandatory minimum sentenci

kudlow report." first up, the u.s. getting closer and closer to military intervention. secretary of state john kerry left little room for doubt. nbc news's steve handelsman has the details. >> good evening, larry. keep in mind the united nations investigation is not complete. this is the unilateral conclusion of the obama administration, presented dramatically today by a man not usually given to public shows of emotion, u.s. secretary of state john kerry stating it is america's conclusion that syria used chemical weapons. >> and despite the excuses and equalify indications that some have manufactured, it is undeniable. president obama believes there must be accountable for those who would use the world's most heinous weapons against the world's most vulnerable people. nothing today is more serious and nothing is receiving more serious scrutiny. >> the pentagon tells nbc news, larry, that tonight five u.s. warships with cruise missile firing capability, four destroyers, one submarine are stationed in the mediterranean sea. the u.n. inspectors did get in the sites, but they get in so late, experts say, they may not be able to get the kind of residue tests needed to verify the use of chemical wea

larry elder, thank you. robert traynham. robert johnson, always good to hear from you. >>> the stocks had a modest rebowen, but is syria the only things on traders' minds? that's next up on "the kudlow report." and this will be your premium right here. sorry to interrupt, i just want to say, i combined home and auto with state farm, saved 760 bucks. love this guy. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] bundle home and auto and you could save 760 bucks. alright, mama, let's get going. [ yawns ] naptime is calling my name. [ male announcer ] get to a better state. state farm. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. [ female announcer ] tshe loves a lot ofnecting it's what you love about her. but your erecti