headlines tonight. >> we have various people here to react to the president's statement today, larry kudlows with us, cnbc senior contributor, and next to him, geosciences of princeton university, and we have a nonprofit that promotes sustainable energy and not that larry needs anybody to balance things up, but we have myron from the competitive enterprise institute to join us in the rose garden listening to this. when i heard the president say, larry, it's not so much -- i mean, the thing that bothers him is not that the deal we agreed to, but it's the deal china got, deal that india got, that other countries got that he feels is unfair and unbalanced for the united states. >> i think that's right. in large measure, that was one of the biggest problems. that's correct. by the way, this was a deal that was never ratified by the u.s. senate by treaties should. he hit on sovereignty. that's the big point, we will not give up our sovereignty. that goes with the territory. you were right. it's a renegotiation, in the senate, and focuses on economic growth. look, in my judgment, so many of the t

larry kudlow is back with us, cnbc seep your contributor, does that make jimmy jr. contributor?ing you, jimmy. >> i'm in a class by middle east. >> yes, you are. >> touche. >> by the way have we become so immune that when we have a former fbi director calling the president of the united states a liar, potentially a liar, i mean, i think that's bad. >> that's crazy. i think that's bad. >> i'm not going one way or the other -- >> right. it's bad. >> this testimony, and we're just moving on. right? >> i will grant the people were tough on him, whether he deserved it or not, you can debate that until king come come, but i don't think a distinguished public servant wants to go out like that calling the president a liar. >> unless he's steamed. >> look, i'm not a lawyer, and robert mueller, doing a great job in the investigation. >> his baby now. >> i don't understand the club you played. comey has every right, in fact, it's good practice, to write a me memo, but what i don't understand is why he didn't send that immediately to the justice department which, by law, he's obligated to d

, on his side, never mind jared bernstein on the other side of the aisle, but larry kudlow was skepticale august recess. look, i hope he's right. the market hope he's right for sure >> exactly i'm watching shares of sprint as well as t-mobil. earlier today there was a report saying they are essentially getting red to merge and then we got a tweet from t-mobile thinking about all the customers and employees with a winky face at the end and the session is up by 3.3% right now, and this is something to watch, of course. >> my check, please. we're all significant thrill about whole foods and amazon and all the different things you know, the discussions we've had for three days about what the implications are morgan brennan had the most interesting one here picking up your amazon packages at whole foods while you go shopping that's the latest thing i've heard. >> could cut costs by a lot. >> okay. we'll see. >> i don't want to pick up anything i want it delivered. >> me, too. >> you better buy the asphalt companies because they will have to double the size of the parking lots. >> good stuff,

larry kudlow seems optimistic.helps the case, doesn't it yes or no, richard >> not only does it help the case but we need it. yes, rick. >> awesome thank you for your time. let's go back to david >> thank you, rick rick santelli. let's send it over to jon forward. >> investors, entrepreneurs meeting with the president at the white house this morning to talk about tech innovation and growth we'll see if they talk about the start-up visa as well and a couple of big tech ceos coming up, oracle smashing it on earnings and mark heard is going to join us so don't miss that sarah? >> jon, i'll see you then at the top of the hour. i do want to hit the headlines coming out of the senate draft of the health care bill. we're just getting it. we haven't read through the 140 pages or so. some headlines to share and some movers in the market on this kelly, you mention the insurers moving higher. just in terms of the headline there, funding for insurers continues through 2021 n. this bill interestingly some of the hospital stocks

. >> talking to you was on my bucket list, and you're even better than larry kudlow and joe kernen. >ou go. and that's a high bar. >> caller: i want to know about puma biotechnology, pbiy. >> i think you wanted to know about that last week before it went up 30%. it's too high for me. i have to say icksnay. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. prone jar shatterst livthe competition.pe? olay regenerist hydrates skin better than creams costing over $100, $200, and even $400. fact check this ad in good housekeeping. olay. ageless. >>> this should be the best of times for the financials. why? for starters, we entered this week with the dow, the s&p 500 and nasdaq each hi

up election, larry kudlow is going the weigh in on whether that will result in a global trade war andy surprise you. >> it surprised me but it shouldn't have. >>> up next, illinois just became a fiscal mess it's on the verge of becoming the first state with a junk band status >>> it's mailbag friday. get your thoughts in via twitter, facebook or send us an e-mail closing bell at nbc uni.com. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> welcome back is president trump about to launch a global trade car over steel and other imports? a new report says it could be close to happening >> axios reporting that the trump administration is divided over whether to impose tariffs as high as 20% on imports of steel. now white house spokeswoman sarah huc

we're going to bring in larry kudlow and brad mcmiller larry what do you think of the approval versusgs when it comes to donald trump on the economy and what he's doing with his policies >> i think he's always had an advantage on the economy and i know a lot of people that may not like him, but like the idea of tax reform and regulatory reform and infrastructure. i think that shows up in all the polls, and steve polls actually the voting is 2 to 1 i still believe the tax cut this year is possible, a trump hated tax cut, take what you can get reagan use to say give me half the wealth now i'll get the other half later repatriation, low corporate tax rate whatever, 15%, and new investment, probably put infrastructure in there and graft it on to the healthcare reconciliation bill. that's what we're trying to sell to the west wing >> because healthcare by itself would be no problem to pass. >> i think these tax cuts by themselves would be easy they should have got therein if the first place but you can do them both but you have to pair down the taxing. >> or you got to have your own bill w

for the answers on all of this, let's bring in cnbc contributor, larry kudlow, and pennsylvania governor we governor, ed rendell. larry, we did see a little bit of urgency today from the freedom caucus, when they suggested, look, we're going to cancel the august recess, we need to get to work. >> yes, fabulous. just fabulous. >> lwill it actually happen? >> steve moore and i had lunch with mark meadows yesterday and talked about it and a couple hours later they formally voted on it. yeah, i think there's a very good chance the august recess will be canceled until and unless they get the health care bill sorted out and the tax bill. i want to come back to that, it's very important. look, this is it. you know? if not now, when? and the gop, i think, is developing a sense of urgency, which had been lacking. i saw it when we were in the west wing yesterday visiting with a lot of people. i heard it from mr. meadows and kind of felt like it was rippling through. the senate is closer to a deal on health care, all right, what i call bipartisanship with itself in the republican party. >> that's -

it wouldn't be a bad thing to break it into two parts -- >> that's what larry kudlow has talked aboutth care, you get to those other baskets because with the health care bill, we are focused on med malle, on increasing the utilization on how people can do those deductibles, roos straight lines and that is ing sing to f. how does that work out in conference when you guys come back together nuchlt -- well, if it extend that out and as a result it costs more, does that -- >> the medicare would probably cause a little bit of angst in the house. it one of those issues that we as whips would have to see where the -- >> you're tlk sfln flrnlt so many nm in nrnlt. >> let me tell you that you could not get -- >> that is a nice place. >> jimmy:s that naesh it. >> were sfwurnl it is a wonderful mid sfchlt but in and of themselves, they're nice. >> what? >> frc frchl. >> thank you thank you. thank you. sflerngt nuchlt anyway this is where i trade anding manage my portfolio. up, dan jergen joins us after the break. "squawk box" will be right back. i have access to the oil markets and gold markets.

we got the whole gang here larry kudlow. cnbc crib contributors and legends as well.y your take on the press conference. did we learn anything? >> well, not particularly, or at least i don't think so. >> we got a lot of same questions. >> right. >> they tried to pin the president down on his personal beliefs. >> let me make a point here, presidential speeching of this magnitude, major major speeches, that's the policy. as i worked in the white house years ago, when you have a big presidential speech no matter what the subject is that's a forcing or compelling device to have all the different opinions inside the government, and this one was a real back buster if you will, tre difference of opinion, that's ironed out because you know you got a speech deadline and you know you got to put it on a teleprompter and you know you got to deliver and that becomes the policy. anybody what wonts to know what trump really believes with respect to about president and his policy, just read the speech. that's all. there's no if, ands or buts that's the way this works. >> ron? >> i'd

. >> larry kudlow said the way you make it -- >> if you -- if you expand -- interest that's not. this could happen. you know, i was -- >> it may will happen. i was making a very different argument which is actually today is a complete side show because if you thought the president -- >> that's -- he said the market is already going up because pence is going to be president sflp no, no, i'm not saying the market is going up because they think that's going to happen. i'm saying either way -- i could make the argument that actually if he was impeached, it would be better for the arguments. >> he already did. he's not going anywhere. pence is not going to be president. cnbc.com wrote an article yesterday, what is a pence presidency going to look like? it's not going to happen. >> i'm just -- >> but you're right, most democrats think thekdz put elizabeth warren in after trump gets impeached because they don't know how it's going to work. >> you guys are both positive on the markets here? >> maybe joe biden, but probably not elizabeth warren. it would be pence and paul ryan is after hi