ted cruz's cnbc appearance and larry kudlow's one on one with john kasich. they have people talking for sure. we'll cover it all coming up. he? i'm val, the orange money retirement squirrel from voya. we're putting away acorns. you know, to show the importance of saving for the future. so you're sort of like a spokes person? more of a spokes metaphor. get organized at voya.com. you ppremium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote tod

we're joined on the set by larry kudlow. major interview last night with one of the last men standing in the race for the gop ticket. >> thank you, michelle. the battle for second place, really, kasich versus cruz in new york. cruz is third. kasich is second. i spoke to john kasich last night at a lengthy interview and take a listen to what he has to say. >> three things you need for growth in my opinion, three. one, a regulatory environment that is not bone headed because you don't want to crush small business. number two, you got to lower taxes on business and individuals. that's what we always have to do. provide people at the bottom, incentive to work harder. and finally, got to have a fiscal path. you no he whatknow what i tell worked on this for 30 years, when debt rises, job opportunity goes down. when debt comes down, job opportunity goes up. >> but debt goes up when growth goes down. you know that -- >> say that again. >> every time gdp goes down -- >> yeah. >> revenues collapse, spending increases and debt goes up.

stuff next, barney frank and larry kudlow weigh in on this increasingly tight presidential race. >> inhe meantime in case you haven't heard, pfizer and allergan called out of their merger. merck's ceo ken frazier will join us with his reaction to the end of that particular megamerger and how it might affect the whole industry. stay tuned for that. >>> the presidential race is getting tighter. >> and bernie sanders overtaking hillary clinton. now the candidates gear up for a big vote in new york. >> joining us to talk about it barney frank, and cnbc's senior contributor larry kudlow. it's frank and kudlow, or kudlow and frank? we haven't decided yet here. >> what do you make of the momentum that bernie sanders still has, and we should point out you are a supporter of hillary clinton as well, what do you make of what bernie is doing here? >> he continues to have strong support, particularly in a segment of the party, judger voters the white peel, where you have a more liberal democratic party. remember milwaukee has a socialist mayor, the largest city in america to do that. hillary clint

i am know iing larry kudlow, an you won't be there >> he is going to be building the trump tower. >>necdotes, and you would agree with that? >> yes, look. trump is retooling, and not only the campaign staff, but his own message. and believe me, paul manafort is going to keep him on message, believe me. and the message is insider/outsider, growth, taxes, jobs, and look, china should play by the rules, and i'm a free trader, and china should play, and we should have border security, and these are trump's important, and hi ri has nothing. a she can't answer those questions. >> and he referred to ted cruz as senator, for the first time. >> did you see that that is good, a sign of respect. >> and so far it is deportation, and protectionism, and walls and he has a long way to go to get a cud low message. >> and now, a terrific message and supreme court and terrific spot, and that is all i have, and i have given it my best shot. >> okay. the last word. and vin weber and larry kudlow, we appreciate it. >>> most of the vin tes or th-- the investors are wondering if the stock of yahoo! is goin

our own larry kudlow and chief economists debate. debate whether the country is worse off than people think. less than a half hour to go. another quiet rally. allen valdez of silver bear capital. allen, what's behind it in investor activity? >> i think what's running the market is oil. oil's got that nice pop. it gets the market up. you're right, it's been broad basis, everything from home demow, mcdonald's, g.e. you're right, the volume normally we're doing 8.8 billion a month. we're trending 6.6 billion for the year. >> it's been quiet. the actual volatility of the market has been very calm. then you have the vix indicated that people don't expect volume to pick up anytime soon. is that a warning sign or does that mean we're go to be quiet? >> i think we'll be quiet. the market keeps trailing up 2575 in the s&p. the earnings with negative talk have been pretty good so far. they been been that bad. >> 19,275. that's a new high. do you actually think you'll have more public investors kind of celebrate that and get involved? >> i thin

back with us, larry kudlow and robert reich. 't know what we're talking about, current yellen former bernanke greenspan fed officials -- >> volcker. >> and paul volcker who is about four feet taller than all of them combined. >> i was once his secretary at the new york fed. >> very rare gathering. >> i never seen paul volcker's head. >> it is too high. >> five feet higher than my head. >> if you are a fed historian, last night was an historic event. did we get, though, anything out of it? >> yeah. we got a couple of things out of it. in terms of policy now, yellen is sticking to her guns. it will be easy for a good while. what interested to me is the other fed chairs said no recession. i think there is no recession, but it is a tricky call when you're growing at less than 2%. that's all i'm allow ed to say. >> what did you take out of it, if anything? >> i took -- a political message to the trumps and the cruz's and some republicans now. the fed does matter. it has a very important part to play. i agree completely with larry. i t

my good friend, larry kudlow. >> can we talk about -- we're going to get to the wisconsin primary? will talk to jim cramer. larry will stick around. we'll talk to jim. get his reaction to the jobs report and talk about that big hotel deal. yet many people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? it's time to bench the benchmarks. >>> let's get down to the new york stock exchange. i was just thinking of something, cramer. kudlow was here. kudlow and cramer together, that occurred to me to be a -- why we haven't thought about this. what is wrong with these people? >> there we go. put them together. >> what about a show together? >> two optimists with different ways to get there. >> jimmy cramer, you're the best. i haven't seen you in a while. you're the best. best, best. >> larry, i love your optimism, i love the way you argue, which is gentlemanly. if we did that in politi

no one better to turn to than larry kudlow.lls himself the presumptive nominee. is he being presumptuous? >> i think he earned it. last night was huge as you described in your excellent report coming off new york. just as a representative number, three weeks ago when trump lost wisconsin to cruz, in pennsylvania, which i call a real state, he was in the 30s. last night he had nearly 60% in the republican primary. >> trump won the last three weeks, he gained ground. >> massive increases. >> what happened? what do you chalk that up to? >> a couple of things. number one, i think cruz and kasich are running terrible, terrible campaigns. in particular, senator cruz defending the delegate process, which is indefensible in the republican party, looks like a pillar of the establishment and trump painted him that way. trump, on the other hand, killed it, crushed it, kept arguing it was corrupt and would say, oh, by the way, that's just like those guys hurt you on trade, hurt you on immigration, hurt you on jobs. he put cruz in a big cor

. >> enter, larry kudlow, stage right. >> it's such an interesting point.n a column on this yesterday. i'm totally opposed to obama's aversions. that takes it away and companies will come to america instead of leaving. however, one area. i'd like to see limits gradually increasing limits on the deductibility of interest for debt. >> overall. >> overall. >> i think it's good tax policy. people have talked about this. why create more debt. >> larry. >> from the left. from the left. >> no. no, no, no. conservative tax reformists have argued the for a very long time. we have created with the interest deductions on the debt, a society, a business economy that's completely dependent on debt and credit instead of fundamentals of earnings equity and everything david talks about. i'm just saying there's a tiny piece of this that's okay. the answer is horrible. it's a war on everything. i don't agree with any of it. >> we're happy here to get your comments on immersions but we want to turn to the 2016 elections. both front-runners hitting a block last night in wiscon

larry kudlow talks about capital investment, that's because not so much tax rate, it's the fact big companiesit back and wait and buy the next upstart that would have disrupted their industry and not have to worry about doing their own r and d or investing themself. >> let me ask you because i brought it up about netflix. that's another regulatory issue and the fcc just said the fact that they are throttling speeds for people on at&t and ver size zon doesn't violate net neutrality. is that fair? what do you make of this whole thing? >> first of all, whatever the department of internet fcc says everybody has to abide by. but literally the netflix throttling was more a response to their customers. i'm not a fan of net neutrality, i think it's a huge mistake and will hold us back in terms of advancing the internet and advancing digital and broadband platforms. but that said, what netflix does with its customers to try to save them money on their band width and give them an opportunity to watch more netflix content, i didn't have a problem as netflix shareholder or netflix user. i didn't know it

are awaiting words from cameron and obama, and we go to e chief economy at qe 2, and commentator larry kudlowof people, larry, say it is not the president's place to tell them how to vote in the uk. >> they are right. they are absolutely right. i was reading president's remarks as julian gave me a copy of the op-ed piece of the ft, and he started out exactly right how the british and the united states had a special relationship down through the many, many years, and including of course, world war ii, and yes, british-speaking countries have a lot in common. begin with the magna carta and that is my favorite steppingstone, but on the other hand, the european union is cut from the different cloth, and it is not a capitalist operation, and not the same private property rules of law, and i hate to see this, but i am not happy to see it, but right now, europe is coming apart at the seams whether it is immigration or the economy or the internal debates or what, and i don't like to site, but it is my take. england on the other hand, and i hope that simon is agreeing, that they are doing much better

cruz's challenger john kasich took a not so direct swipe at senator cruz during an interview with larry kudlowt night. >> motorists think if a politicians lips are moving they're lying. so i can show evidence that what i say i have already done and i can accomplish it again. i move this system down there. >> and your inferring strongly that senator cruz does not have the leadership skills. >> he didn't accomplish anything the whole time he's been in. i didn't do this all this time but now all of a sudden, i can do it? come on. >> what can we expect come tuesday? cnbc contributor joins us from washington. 95 delegates at stake. obviously the rhetoric is getting amped up. how do you think it plays out? >> i'm he has tansitant to say e may need another republican debate. these guys are really going at it. starting to get personal and i tell you i would love to see like another republican talking about someone like the new -- it's been awhile since we had one and some of the issues that we're hearing whether it's the living wills or the banks not passing muster. whether it's the great tech issues

your friend, larry kudlow, said he's called for a truce within the republican party. things are very tense right now. now you have an alliance, kasich and cruz against you. do you believe at the end of this process republicans will come together, unite to defeat hillary? and i'll ask eric first then you, mr. trump. >> okay. >> well, listen, if he wins it, he's brought people together his whole life. that's he does in business every single day, when we build projects in america and around the world. you have to bring people together. he'll do that as the president. he spoke in front of two amazing crowds. literally thousands and thousands of people. you see the love in the room. you see the passion in the room. these are different people. young, old, middle-aged people, hispanic. he'll bring those people together. you see it every single day. he'll do a phenomenal job. there will be no one better in the world to run this country. >> are you confident you can bring the party together in spite of the contentious nature of the primary? >> i have no doubt about it. if you

the crackdown and political brawl, we're joined by former republican kay bailey hutchison and larry kudlowr hutchison, a lot to talk about. let's start with the issue of tax inversions. the president coming out and talking about it, treasury surprising a lot and making some new rules that could put pha pfizer/allergan at rifrg. what is your take? >> i was aghast at the president's statement saying they are twri took avoid paying their fair share of taxes. america has the highest corporate tax rate in the world and corporations are suffering under a 35% rate. if the president would cooperate with congress, there should be uniform decisions to lower the corporate tax rate and then you wouldn't have all these mash nations of companies trying to do the best to their shareholders and having to go overse overseas.to do the best to thei shareholders and having to go overseas. >> larry, if you read the new york daily news, there is a transcript of an interview with bernie sanders and he named gm will on whiften pay no taxes in year. on one hand people hear we have the highest corporate tax rate in

let's bring in larry kudlow.y head and luis miranda at the democratic national committee. my first question -- are you any relation to lynn manual miranda and can you get me four in the orchestra for "hamilton"? >> if i were i would get myself some seats. >> it's something else. >> same name though. >> good. let's talk about the sanders movement. we have a curious time in american politics. there is a movement in the gop named trump. there is a movement in the democratic party called sanders. is he moving the party permanently left because so many of his voters are the young voters who will then stick with the party? >> i don't think that's the case. what he's brought to the party has been good. it's energized younger voters. it's energized the broader cross section. the fact that he continues to show strength both elect toerlly and in fund raising shows there is a space for a broader conversation about how to make the economy work better for all americans. look, senator clinton has been very good about engaging

let's bring in larry kudlow. ridiculous on its face. i haven't even thought about it. i mean, come on, that's charming. >> it's charming. >> give me a break. you have spoken with him recently? >> i have. >> and? >> i continue to get the strong impression he is not going to run. i have spoken to staff people. i get the same impression. he has basically said it a hundred times. i want to clarify one thing. when sherman said if nominated i will not run, if elected, i will not serve -- was in a the statement sherman made? because i know coolidge, in his press release in 1928, which broke my heart at the time, i think he said i choose not to run. >> he used as view words as possible. >> he was a economical speaking speaker and we like that. i, by the way am a huge admirer of paul ryan. he is terrific. there are so many rules that would have to be broken. you would disenfranchise so many republican voters who have cost principally for trump -- >> didn't that already happen in colorado, larry? didn't that just happened this week, or this weekend? >> i don't think so. is it a

larry kudlow is with us. i think folks on this debate particularly, all i have to do is strike a match because i think the gasoline is there and ready to lift off. congressman frank, how do you feel about these new proposed regulations? their sweep, scope, what they do. are they the right medicine for a problem that demands a cure? >> i think there is a problem that demands a cure. we did require this. we should be very clear. there is separate from the level. and we were very creative when we did the bill. it wasn't up to us, the government, to tell people how much to pay people. we did have say on pay. we do think the shareholders should have to vote on it. people can pay as much as they want. what the general sense was, warren buffett is one of the ones that argued this and others, the incentive structure is wrong. the way it worked, if people made a bet and it paid off in short term, they made their money and if it turned sour later, they were okay. or if they made a bet and went bad, they didn't have any

fade quietly into darkness within the next three or four years the -- >> i think we found our new larry kudlowarney frank. please come back, because it's a great conversation. you can read the piece bankers for bernie. >>> valeant announced an overhaul of the board, but is that enough? and cable and broadband, both sides of that debate are later on "closing bell." this clean was like, pow! it added this other level of clean to it. it just kinda like wiped everything clean. my teeth are glowing. they are so white. i actually really like the two steps. everytime i use this together it felt like leaving the dentist's office. crest hd, 6x cleaning, 6x whitening. i would switch to crest hd over what i was using before. >>> welcome back. valeant closing down more than 5% today after finally releasing its long overdue 2015 financial report. they announced big proposed changes to its board. our meg tarell has the latest and what this means for valeant goi going forward. >> it doesn't look like folks are responding positively. they plan to bring in three new people. russell robertson who has a lot of e

reaction now from tilman fertitta who is still on set, cnbc's larry kudlow and former labor secretaryich. i'm going to start with you, mr. secretary. what do you make of that, too much money involved in politics? >> of course there's too much money and george clooney was interviewed about that fund-raiser where couples could get a chance to sit down with the clooneys and also with hillary clinton for something in the order of $350,000 a table or maybe a seating and he said it's absurd and obscene. if he thinks it's so absurd why did he go ahead and do it? think there's sort of an oddity there. no, it is obscene. >> i'm actually -- did is it my turn? >> yeah. >> i'm going to come dangerously and alarmingly close to agreement with robert reich, okay. this is really bad. but my -- my beef is not quite the same. i think free speech, you should be able to put as much money into the political process as you want, anything you want, but, but, but, but, but. i am opposed to the super pacs which hide the donor. >> i am so with you on that, larry. >> what my take is you want to give $1 million

larry kudlow and you go way back. larry likes trump's plan as well.e trump's plan. >> i love trump's plan. i think it would be very pro growth. the two of them i believe are very pro growth supply side candidates and either one of them going into the presidency would be the most wonderful thing for america. my two favorite candidates are the final 2019 race and i just think of them are great. >> we'll leave it there. thank you. appreciate it. >> thank you very much. >> we'll slip in -- you brought him on. he hasn't endorsed you. sound like he endorsed one of you. final pitch, a pitch? final discussion from senator cruz when box comes back. ♪ today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies are turning to cognizant. our domain experts, technologists, digita

. >> larry kudlow was going to run for office for senate in connecticut but he came to the conclusiondo more where he is at cnbc and i have to the push back against the misguide conception of the mainstream media. i need to stay here. coming up, will ted cruz's win in wisconsin complicate donald trump us a path to the white house? we'll talk politics with steve case next and then later david tepper leaving the garden state for the sunshine state. >> in new jersey the tax is 8.7%. >> he made 2 billion. >> round it to 10%. >> new jersey's richest resident is going to florida where they don't have an income tax. saving him hundreds of millions of dollars. that and much more when "squawk box" returns. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get

. >> john, larry kudlow actually said we're looking at it backwards, that if the united states had notr the past seven years that not only would we be better but the rest of the world would actually be showing better growth too since we're the engine of the entire -- and when you look at it that way, you can't just write it off to why the whole world is slower. maybe they'd be growing faster and we would be at 3%, 3.5%. >> i totally agree with that. in fact, coming off the kind of recession we had, we should have had several years of 4% or 5% growth. you think about the amazing advances in technology and the advantages of international trade. we should be doing very well, and it's absolutely government policy that's kept us from doing well. the combination of what i think is bad federal reserve policy and the regulatory environment that dick described. when i talk to business people, they can't figure out what the rules are and are very afraid of arguing with their regulators because this is new. the regulatory environment is very much, if you argue with me, i'm coming to get you. i th