got off the phone with larry kudlow >> reporter: that's right. hung up with larry a few minutes ago. he said he was honored to accept the job. he's spoken to the president four times this week including last night and today he told a funny story about being called at dinner last night and jumping in an uber and talking to the president during the course of the uberride the uber driver was shocked that the guy was on the phone with the president. he said something important and hits on the tension you were talking about about larry disagreeing with the president on tariffs larry said he understands the president's position on tariffs and the president understands his position on tariffs. he said ultimately as national economic council director he said once the decision is made it's made. i understand that. he said i might not agree with every crossed t and dotted i but it no longer matters our job is to execute the policy not to continually hold meetings and rehash it but to execute larry is telegraphing that he feels once the president has decide

this is a column written by larry kudlow. he basically is in here saying that there is no logic to the tariffs. he said, mr. president, these tariffs are a tax hike. and wolf, you'll remember, gary cohn, the man larry kudlow is now set to replace as head of the national economic council, left his job basically over the tariff issue. he was in disagreement with the president. he left his job over it. so the president is now replacing him with someone who agreed with gary cohn in that battle, not the president. the other thing, of course, to note here is this is a cable tv personality. it is a perfect kind of appointment for the apprentice-style presidency that donald trump is running. and we know how consumed he is with watching people on cable television and consuming a lot of tv news. so it should surprise nobody that he would actually tap a cable television personality. >> larry kudlow has been at cnbc for a long time. >> not that he doesn't have the credentials. i'm not suggesting that. >> he's an economist. clearly qualif

larry kudlow knows how to play the game scaramucci style with the president. >> in fairness, craig, larry kudlow, like gary cohn, is a smart guy. he's a smart guy. there are a lot of people in america who are at least breathing a sigh of relief that it's not going to be peter navarro. >> yes. >> because that's a whole other ball of wax. >> hans nichols is standing by for us at the white house. hans, when can we expect some sort of form announcement from the president? >> reporter: the president is speaking later today in st. louis. we heard from eamon javers who broke the story on cnbc. we could have it as soon as tomorrow. we don't have the timing on this really set in stone yet. one thing to look at, any new person that's coming into the white house, is what their role is going to be. the power of the nec director is you get to tee up a lot of the data for the president and the rest of the team to make that decision. in this white house, that's particular important because the nec gets all the data beforehand, for instance the job numbers that come out on friday, the nec gets those on t

president's appointment of larry kudlow at the moment may provide a ray of hope for u.s. partners around the world the phrase trade war is becoming more common in discussions with world leaders and policymakers but what exactly is a trade for take a look at the world economy is based on reciprocal trade that means countries export goods to each other and import products for the local markets many countries strive to export and import roughly the same amount but in reality well trade is an unbalanced affair. the usa for example export goods worth one hundred fifteen billion dollars to china while importing four times as much. but what would happen if the u.s. imposed an import tax on an individual product let's say excavators that could lead to u.s. companies buying fewer chinese excavators they might instead buy more of them produced in the u.s. in effect tariffs like these could protect the u.s. economy tariffs have existed for almost as long as countries have been trading with each other the u. for example still levies a ten percent tax on us the other way around it's o

larry kudlow is a seasoned hand when it comes to the media larry kudlow understands the nuances of foreigny. he's afraid to some degree, there is me speakingas his partner and kudlow & cramer fo many years and watching him. he'll be not on the -- let's say he'll -- it's a different disagreement it's not a globalist disagreement it's a disagreement over tactics, a disagreement over how to get the job done. most infavor of america. and i think that larry kudlow does have that interest. i know that there are others who are tougher on this. larry knows i'm tougher on this but this is important can you butt heads with the president, stand up to the president but ultimately it will be about negotiations and larry can help the negotiations to get something done if he does get the job. again, i believe that he is -- you can call him a leading co contender. i say he's a leading contender he is better for the stock market because of the stability he brings in terms of being in line with the president. >> jim, cat pierpillar and utx coming off the lows. how much does this matter for individual sector

we have seen larry kudlow take jabs at china.hat china needs to be held to account for this huge trade imbalance. and the trouble administration is trying to see that imbalance narrowed by $100 billion approximately. 0ne imbalance narrowed by $100 billion approximately. one of the things we know about larry kudlow is that he likes a strong us dollar. 0n cnbc on wednesday, he said a great country needs a strong currency. this is in line with what previous administrations believed in. it means that they have more buying power for means that they have more buying powerfor asian goods. means that they have more buying power for asian goods. so that is positive on the asia side. but again, the big worry comes down to possible new tariffs on china and whether this will leave us facing a global trade war, particularly if the drug administration brings a new restrictions or tariffs to do with intellectual property. —— trump. restrictions or tariffs to do with intellectual property. -- trump. and we don't how much impact that will have. t

perhaps because larry kudlow has been offered the job to replace gary cohn. ll know larry very well. charlie and i both worked with larry. turns out adam did too. >> amazing. trish: we know him. we know his thoughts on the economy. but he is a free trade guy big time. doesn't believe in tariffs. charlie, how will that go? >> i talked to him a couple days ago. i told him not to do it. >> not to take the job? >> he started laughing. i knew he wanted the job because i think he wants to be back in the game. one thing about larry, larry full disclosure, really close friend of mine. trish: likewise. >> a guy, he has been a mentor to me through my career, you know, i have given him some advice along the way. my worry about him is that he believes, because he could, he beat his demons, which were very difficult to beat, his drug addiction -- >> which he spokes openly about. >> he talked about it all the time. he beat that, but very few people beat that. he beat that through incredible determination and faith. he is a christian. >> yes. >> he thinks that because he bea

the president offered larry kudlow the job last night and larry kudlow has accepted the job.ng an announcement of that formally could come as soon as tomorrow this is a significant development because, as you know, larry kudlow has been opposed to the president on the issue of tariffs, but we saw president trump say this week that larry kudlow has come around on the issue of tariffs as a negotiating tactic. so the president seems to be willing to bring in a very high-profile economic advisor here who disagrees with him on a key issue but agrees that that issue can be used to bring other nations to the negotiating table. the president has said he wants a diversity of voices in his cabinet and around him at the white house. that appears to be the case with this decision. so to wrap it up here for you, scott, according to a source familiar with the decision, the president has offered larry kudlow the job and larry kudlow has accepted that could be announced as soon as tomorrow. but remember, the president is at a boeing factory later today in missouri where he's going to be talk

president trump has appointed conservative economist larry kudlow to replace gary cohn, the outgoing ctor of the national economic counsel. let's take a look at who mr. kudlow is and where he stands on the issues. much like president trump himself, kudlow is probably best known for appearing on television. he is a long-time cnbc contributor who hosted several shows over the years. he ralalso hosts a radio show a writes for the "national review." kudlow supported trump in the 2016 election, and he's acted as something of an intorformal advr to the then-candidate. kudlow is a traditional fiscal conservative. he believes in low taxes and less regulation. that probably stems from his time in the reagan administration. the father of american supply side economics. kudlow worked in the office of management and budget during reagan's first term. following his time in government, kudlow returned to the pry sivate sector, as a sen management director at bear stearns until the mid '90s. as recently as this month, he vocally disagreed with the president's policies. he co-wrote an op-ed criticizi

among the many weird things is, larry kudlow is against them, too. john roberts is live on the north lawn. hi, john. >> good afternoon. i'm told this is not a done deal but as close as you can probably get without actually putting -- crossing the ts and dotting the is on it. the president spoke to larry kudlow yesterday and had a good conversation. in some reports in the "wall street journal," another one of our news properties, kudlow has accepted the job. he has an interview on television later on this afternoon when we're likely to hear more about it. the president yesterday saying that the two of them have parted ways on a couple issues, but they have known each other for decades. the president really has a lot of respect for kudlow. listen to what he said. >> we don't agree on everything but in this case that's good. i want to have a divergence of opinion. we agree on most. he has come around to believing in tariffs as also a negotiating point. >> maybe not believing in tariffs right, but perhaps as a negotiating point. the white house is being

your take on larry kudlow to replace gary cohn as we've been reporting. >> i think ashley is right, larryudlow is a great performer. there are two distinct problems with the larry kudlow equation. if gary cohn left because of tariffs, larry kudlow is as big a free trader as they come. he'll have to work that out with the president. larry kudlow has been out there pushing this idea that the economy can grow at 4 or 5 or 6% and that these tax cuts help you get there. a lot of people know that's fantastical thinking. and larry kudlow is now going to be in a position where he can encourage the president to continue telling people that that's going to happen when in fact our economy is more mature and it's more stable and you can't just do this. so what they've done is they've sold tax cuts on the rich to the american public on the expectation that it will increase economic growth, it won't increase the deficit, and somehow everybody's going to be happier. apparently last night in pennsylvania, not everybody bought that message. and that is going to be a problem, because you don't have somebod

was viewed as the strong contender out the gate to replace gary cohn, and larry kudlow has been offeredected to be the next nec chair. president spoke glowingly of kudlow yesterday on the south lawn as he was leaving for his departure out to california saying this is somebody he has known for a long time, somebody he believes is very talented. keep in mind, that kudlow, during the campaign was one of the president's closest advisers on the economy, specifically he helped craft the tax plan that the president presented on the campaign, and during the transition before gary cohn was eventually tapped as the first nec head, kudlow could step in the role. he did not. gary cohn stayed in the position for 14, 15 months or so, and now it will be larry kudlow expected to step in as the next nec head, to be the president's top adviser here at the white house. charles, the white house said gary cohn was going to stay on board for a couple few weeks while the transition took place, he officially announced his resignation last tuesday, so it's been about eight days now. the timetable for cohn to of

beforeure, bill clinton got elected in 1992, i wrote a profile on the front page of the paper on larry kudlowt to cnbc to become a contributor and post them corresponded myself. when larry talks about the king dollar, he has been talking about the king dollar for years and he would like to see it a wee bit stronger but not necessarily calling for a real surge in the dollar. and turning to china we know kudlow is signaling a tough stance on china as well. worries we could see retaliation in terms of offloading rest treasury bonds. did we see the january trading as a warning? kathleen: i have to give our news team in tokyo a nice pat on the back of the story of --ponsys being a false alarm nice pat on the back of the story of treasuries ring sold as a false alarm. china remains the biggest foreign creditors of the u.s. holding the most bonds, notes, bills, etc. this is the indication that andthing could be shifted it felt for the third straight month after hitting a record. but, here is the story. #btv 9267. holdings performed central banks -- the latest data from the fed, this turquoise shows

stephanie ruhle, let's talk about larry kudlow. ng from cnbc, doesn't always agree with donald trump on everything, although they're friends. trump has said he's come around to his trade deals. >> okay. larry cow if in that position maybe he can get president trump to stay and squeak him back into tpp, it's unlikely. there's another camp that president trump likes, the old school reaganomics, new york, let's bring back the gold standard. that's what larry kudlow is. he was part of reagan's economic policy team. he's the kind of guy that president trump likes. he's a tv celebrity. so he's well-known in the circuits of cnbc. something that will be difficult for larry, though, he's an advocate for president trump, it's going to hard for larry to carry president trump's water, which trump loves. why? because you have ten years of larry kudlow being on record on tv and on the radio making all sorts of statements -- >> donald trump has been on the record for years making statements that don't jive with what he has said now. why would it b

larry kudlow an opponent of an across the board tariffs, how will he deal with that mindset in the white house kudlow yesterday said he and the president reached and understanding about their disagreements. here's what he said. >> look, i've known the president a long time. we have mutual admiration society, he is the president, it's a different role, i will abide by that. there may be agreements, disagreements, we'll talk it through. but once decisions are made, that's it. it's time to execute >> i talked to larry about this yesterday. he said ultimately he believes that his job is to argue and advocate internally for his point of view, but once the president makes a decision, that's final he will live with it, advocate for it and execute on it so that might be a little bit different than we saw gary cohn playing the role of the anti-tariff advocate inside this white house. gary cohn was reportedly doing everything he could to oppose tariffs, including efforts to postpone meetings that had been scheduled on the subject, to postpone announcements, in-fighting internally was intense. kudl

that is one thing that larry kudlow said over and over again.ally believes in a very straightforward, two-teared approach which is lower taxes everywhere, corporate, personal, whatever it is, and strong dollar and that makes this likelihood that we would see even more tax cuts or the permanency of what we see a lot more likely. what do you think? >> i think larry kudlow understands that tax cuts and regulatory reform give give investors and individuals more freedom. that creates the f-16s, the f-18s. lech logically-advanced economy we have. i hope larry kudlow will bring to the president tariffs are against that freedom. melissa: he will. >> what is the point of giving them a tax cut and charge -- melissa: i want everybody to get a word in. todd, to ahead, what did you see or here? >> i saw genuine outpouring of love of the president when they spoke. he genuinely cares. the overall simple he will not do anything that causes great harm to the united states of america. he will make america great again. that is where he is work and going with kudlo

idea of how the larry kudlow news is going down.e are unchanged, undecided in the asian equity session. the thing of -- about tv is the are never short of opinions. some are conceit -- are concerned about his views on china and others is the are nevt of opinions. .2 nafta. to nafta. we could be stronger at the start of the u.s. trading day. some weakness along the kudlow story. last indicator, we need to go into the mix until we hear from the fed. buy king dollar might be kudlow's message. matt: we saw three days of drops for u.s. stocks, three days of buys for u.s. bonds and that pushed yields down. i have a chart here, it is 8631 in the btv library. it shows you a reversal of a trade that have been popular on wall street. what we have been seeing is thestors buying especially big banks and shorting utilities are selling them in hopes that the interest rate increases would pay off for the banks and make utilities less attractive. over the last few do we have seen a reversal of that trade. does that continue, do we see a purchase of

>>> larry kudlow on the closing bell, and mark cuban congratulated him on twitter >> congrats, larry thanks for watching "power lunch. >> "closing bell" starts right now. ♪ >>> live from the new york stock exchange in new york city, this is the closing bell, i'm kelly evans. >> i'm wilbur frost. we'll break down what this means to they's economic future and talk with larry live and exclusively himself coming up. >>> stocks on the move lower today, dow down 338 at the lowest, and right now, down 210. let's get right to the reporters watching all of the markets for us >> bob is at the nasdaq, and bob pisani is on the floor of the stock exchange >> we have trading roulette. traders are having their heads spin with the headlines and competing issues they have to deal with it's causing confusion. starting with the first one here soft retail sales for february, a big surprise we're not sure what to make of it, parsing through the numbers, but this is what it's doing to the stock market look at the department stores, jcpenney, that's not a typo, down 7%. the other stocks are down 4%-6%. the

that west wing needs somebody with larry kudlow's style. ouldn't get there soon enough >> one last thing, guys. dana millbank in "the washington post" today takes larry to task for that famous december 2007 call saying there is no recession, obviously on the cusp of what would be the worst recession in generations you cut him some slack for that, jared? >> you know, i actually do that was a uniquely bad call because at that point, we were already losing employment at a fairly decent clip but find me an economist who hasn't made a ton of those sorts of bad prognostications and, you know, you won't be able to do so and larry's been on tv for so long, he has such a long paper trail. so i don't consider that to be disqualifying at all. >> sara, your last word on that. >> yeah, no, we've all made bad calls in our professions and you know, larry was wrong about that clearly, and he'll be wrong about something again in the future but he'll be right way more than he's wrong >> guys, going to get interesting. really appreciate your insight today. goo

david: i want to talk about small business but first i want willlk about larry kudlow, be named the directorf the nec. you have reaction? larry was myeased, economic advisor when i ran for senate in connecticut. henow him for a long time, is a straight shooter and he has great experience going back to the reagan administration and he is a terrific choice. david: you think you'll fit into the team well? lisa: yes, he knows the president very well. david: goldman sachs did a survey and they came up with concerns, and you go around the country talking to them. axis to credit, a real issue, is relation a real issue? lisa: yes, definitely. offices andifferent i don't just go visit that i holdt office, roundtables and visit small businesses and hear from them directly with their issues are. confirming the four things you listed off the top, access is a big issue. loans that banks ordinarily what makes i have many companies tell me, for sba, i wouldn't be here. and for companies who wouldn't fedexwithout an sba loan, participated in some sba funding so you can get a little bit of start to help smal

the news of the morning in washington on wall street, larry kudlow appointed director of the national economic council, replacing gary cohn. rick santelli just talked to national trade council director navarro, widely perceived as the most hawkish voice in the administration a few moments ago. take a listen. >> let's talk about larry. this is our -- i think this is probably our 15-year reunion here because he and i go back to your network, cnbc, i was on his show frequently. i worked at cnbc for many years. i find him to be a smart and warm individual. he's going to come here and be a team player and it's going to be great. the president, president trump, in order to make the best decisions possible, i have seen this in the oval, i have seen it in the roosevelt room, he needs diverse opinions i think it's a great choice and everybody here is going to welcome him with open arms and we are looking forward, not backward >> let's get to rick at the cme group this morning here we are, talking about very deep economic theory, really, and how it affects us, not to mention the elements of imp

i want to have a conversation about larry kudlow and what impact this -- this appointment could have on the administration. i'm joined byron insana who knows larry well. larry kudlow -- if gary cohn left because he was at odds with the president on tariffs, larry kudlow would be more at odds with the president than gary cohn was. how do you square the circle. >> it could be squared that larry has known donald trump for a considerable period of time. much longer than gary cohn ever did. he's been advising him since the start of his campaign on things like tax policy. which quite frankly helped to design the tax reform package that passed the congress and signed by the president, was at least in part designed by larry and the likes of art laugher and steven more who wanted a large tax cut for the economic recovery. on the trade issue, he said he might soften his stance to an extent that where larry has often said he is a complete free market ear, he does become more pragmatic and when it come to-- comes to the issue of china which the white house is targeting, he preferred targeted sanc

donald trump has chosen television pondered larry kudlow to take over as this chief economic adviser following last week's resignation of gary cohn a former investment banker kudlow is known as a conservative business commentator on c.n.n. we see the seventy year old is no stranger to the white house either having previously served in the administration of ronald reagan he has frequently spoken out in favor of small government and tax cuts but he says he opposes trump's trade tariffs back to court on wall street so larry kudlow supports tax cuts but oppose us restricting trade is he the ideal candidate for wall street. you know i just walked by him he's here on wall street on a very regular basis for being a t.v. personality so there he has something in common with the u.s. president and when it comes to wall street the big question will be can larry kudlow influence the administration when it comes to the trade policy and i'm not so certain about that larry kudlow does agree with the u.s. president when it comes to the tax cut when it comes to cutting regulation and yes in general h

television, watches his friend on television, and what is striking is as you saw in that clip, larry kudlown critical of donald trump's tariffs on steel and aluminium that he announced last week, and that was the reason that larry kudlow‘s red assessor left the white house over a disagreement over donald trump's tariffs, and now he has been replaced with someone who has been replaced with someone who has been replaced with someone who has been equally critical of those tariffs. he is a very good communicator, he is very good on tv and he is broadly supportive of the economic agenda and has been for some time. it makes sense that he has been chosen for this role. apart from trade tariffs, where does larry kudlow stand on other issues such as free trade? he is a traditional free trade person, he is someone who worked in the reagan administration, he has always been traditionally for open markets, for low taxes, and in that way, he is very supportive of donald trump's tax policies. it is not really a departure from the very standard republican agenda when it comes to the economy, and he has so

what does president looking for larry kudlow to do. >> well, we are very excited about larry kudlow. ant, right, he had experience in government, from the new york fed to the reagan administration the private sector, obviously has been you know a presence for the american people, in living rooms for years, ares frankly one of the key jobs of the ne.c. chair is to communicate the president's economic vision, communicate his policies to the american people, and on that front along with many others, larry is going to be a huge presence in this white house and administration. so presidents looking for you know, mr. kudlow to you know preeminent him with ideas on the economy, advise on policy and then help him make decisions to communicate decisions to the american people we are very excited to have him coming onboard. >> will that include phase two of the tax cut plan? >> the president has been talking about, chairman kevin brady in house have been talking about a phase two tax cut plan, we want to make the personal income tax cuts diaries tax cut bill permanent talked about potentially l

what do you think about the larry kudlow? >> i think larry kudlow brings a lot of good experience. be a good voice for the administration. i look forward to seeing how he interacts with the president and how we move forward. yes, in ohio, we are feeling the benefits of the tax relief. and people are very grateful for that. >> harris: all right. representative brad wenstrup of ohio. thank you very much. we appreciate your time. >> you bet. thanks, harris. >> harris: a lot happening on the one month observation and anniversary of the school shooting it's only been a few weeks. nikolas cruz is set to be arraigned in court at any minute. a senate panel is looking into the fbi's handling of the situation by local authorities and others. and students nationwide right now are still taking part in their thousand strong across the nation walkout of their classrooms to protest gun violence. stay close. alright, i brought in high protein to help get us moving. ...and help you feel more strength and energy in just two weeks! i'll take that. -yeeeeeah! ensure high protein. with 16 grams of prot

larry kudlow says by the dollar, so gold. deau says playing nice with president trump as kudlow says the country has been making concessions handover fifth. david: sounds pretty good to me. alix: markets feel a little choppy. a little directionless. the dollar getting more action than other asset classes. s&p futures are up by not even one point after they closed at a one-week low yesterday. euro-dollar slightly weaker. a mixed dollars session despite the fact larry kudlow says we like a stronger dollar. the treasury market goes nowhere. bundstperformance of and 281 is how we print on the 10 year. we could see a shortage this year. david: i thought we had a surplus. now a shortage? alix: we could see a shortage. david: time for the morning brief. at 8:30 we will get economic data including initial jobless claims. at 10:45, president trump will meet with the irish prime minister at the white house. raw, announces its 2018 first-quarter earnings. alix: a big week for economic data. we got retail sales out of the way. we have job

so we wish larry kudlow the best of luck. assuming he hasn't already been fired.ck. we'll be right back. (applause) ♪ get outta my dreams ♪ get into my car ♪ get into my car ♪ ♪ get outta my dreams ♪ get in the backseat, baby ♪ get into my car ♪ beep, beep, yeah ♪ ♪ get outta my mind ♪ get outta my mind ♪ ♪ get into my life applebee's to go. order online and get $10 off $30. now that's eatin' good in the neighborhood. and get $10 off $30. oh! there's one.a "the sea cow"" manatees in novelty ts? surprising. what's "come at me bro?" it's something you say to a friend. what's not surprising? how much money matt saved by switching to geico. fifteen minutes could save you fifteen percent or more. sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit i

we don't have any official word, but the president had a few nice words to say about larry kudlow this morning >> larry has been a friend of mine for a long time he backed me very early in the campaign i think he was one of my original backers he is a very, very talented man. a good man and i think larry kudlow has good chance. >> reporter: so there you hear it, the president saying he thinks larry kudlow has a very good chance of becoming national economic council director, but not making the announcement official i'm told here as a matter of guidance not to expect any announcement on larry kudlow today. but they are not ruling it out for later in the week. he is seen as the frontrunner, but the president also says he is looking at other people as well so bear that in mind everything here is a little bit fluid as we have seen through the morning today. and no indication that that announcement is coming today, but of course things change around here. >> always fluid at the white house about seems. thanks >>> rex tillerson of course just the latest to leave president trump's cabinet and

according to cnn reporting even on monday, the president was telling us he had settled on larry kudlow. just now during a briefing of air force one, they would not confirm that kudlow would be it will raise a lot of questions about what the dynamic in the west wing will be like with kudlow entering the mix. white house trade adviser was a chief architect of the tariffs that the president imposed and has gotten closer to the president in the last two weeks as we've seen gary cohn's standing diminish as peter navarro's went up. sources are saying that he and kudlow get along well and go back several years together in their relationship. as we've seen ten days ago on our colleague jake tapper's show, peter navarro was saying that larry kulow never agreed with the president and is just wrong on economics. gary cohn and peter navarro didn't get along. will larry kudlow and peter navarro get along? he will arrive with treasury secretary steve mnuchin, one cabinet member that the president has been getting along with lately and one person that does get along with larry kudlow. they both advis

larry kudlow just came in a little while ago, and i think larry is going to be outstanding as economicto you about it later. thank you very much, everybody. thank you. >> thank you, mr. president. >> thank you, everybody. [inaudible conversations] >> thank you very much. >> thanks, everyone. >> [inaudible] >> it could happen. that could happen. [inaudible conversations] maybe if that helps. i look forward to being there. it's a great, great country. i guess i have received a formal -- >> [inaudible] >> thank you, everyone. >> i'd go to the border. [inaudible conversations] >> thanks, guys. >> thank you all very much. thank you. >> thank you all. >> thank you. [inaudible conversations] >> say hello to the people. say hello. great people. stuart: the president tries to end it -- >> but he can't help it. stuart: -- but he can't quite resist answering a question. now, the president just said right out there it looks like the russians were behind the poisoning of the former spy in britain. and by the way, earlier today france and germany joined the british in blaming russia. nigel farage is

why did you hire larry kudlow to begin with? >> i met him on wall street. he was a economist at bear stearns. he was brilliant speaker on fundamentals of low taxes, sound money, balanced budgets and small governments. that is why he came into the reagan administration. david: that is why you hired him? >> that is why i hired him. over the next three years he gave some pretty solid advice but unfortunately we all went our separate ways. and he spent 30 years on wall street and got totally confused. david: hey, look, he made a lot of money. he got in some trouble, made a lot of money at same time. you summarize, you tell me if i'm right and wrong, the summary you were more concerned with budget balancing. he thought that was secondary concern, once you got tax cuts there would be enough revenue coming in so you won't have to worry about the budget s that about right? >> no, that is revision it. david: i'm here to have you clarify it all. go ahead, david. >> i was really there. we were both solid spending cutters and realized that the tax cuts were a great thi

all right. >> my choice is larry kudlow. david: larry kudlow. [laughter] >> hope steve forbes is covered the job. steve is shaking his head, no, i don't want it. nancy pelosi appears to be trying to pick up the crumbs from her controversial comments on tax cuts being crumbs. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. >> the democratic party are labeled with calling these tax cuts that seem to be so successful, just crumbs. >> yes, the democratic party has always been against the taxpayers, so this tax cut is helping the taxpayers, that's going over well in this district. every day it seems that people are coming up and telling how it's benefitting them and single moms and small busi

of course, larry kudlow is speaking out now about that.ttire for the end of the year. it is a broad greenback ofironment today on the back those kudlow comments. interesting to see the strongest gains are against him fx -- emfx and some currencies. it is good to see what is happening in the fx space. still ahead, the future of greece, the man who could become the country's next prime minister. this is bloomberg. ♪ vonnie: live from bloomberg headquarters in new york i am funny quinn. mark: i am mark barton and this is merck markets -- bloomberg markets. >> the trump administration has imposed sanctions on russian czars,et troll ultimately denied others were also sanctioned. meanwhile leaders of the u.s., france, and germany have joined the u.k. in asking for answers from russia on the nerve gas attack from a former russian spy in england. russia warned it will retaliate for u.k.'s explosion of diplomats. summitbout the possible between kim jong-un and president trump. the talks will focus on where to hold the summit. rolen has played a spe

we'll talk about it next. >> as larry kudlow says, it's god's will.t's spring and you're right where you want to be here's to the season that takes you there. cabela's great outdoor days, family events and amazing deals. get 20% off all in stock cabela's rods, reels and line and 25% off over 18,000 fishing lures. shop in store and online >> happy friday, everyone. more "outnumbered" in just a moment. let's get to harris on "outnumbered overtime" in just a few minutes. hi, harris. >> harris: a former assistant fbi director will join me. he will tell me what's happening as the clock ticks down on deputy director andrew mccabe. will jeff sessions fired him before his pension kicks in after decades of service and what should jeff sessions do? plus, four republican senators are calling for a second special counsel to investigate the doj and fbi. is that second special counsel necessary? "outnumbered overtime" at the top of the hour. >> have a great show, harris. thank you. new controversy over an msnbc host's reaction to an emotional interview with larry k

so we wish larry kudlow the best of luck. assuming he hasn't already been fired. we'll be right back. (applause) ready for this? one way to find out. ♪ hang on! rated pg-13. and we're gonna get the phone- his phone,ry sorry. uh out of you... the important thing is that we're going to make you better. (voice-activated double-tone) okay. here's how to make butter. pour two thirds a cup of cold heavy cream into a one cup canning... snickers® satisifes. (music playing) new mountain dew ice, ♪ a clear, refreshing, lemon-lime dew. . >> trevor: welcome back it the daily show. march is officially women's history month. when we honor women by remembering their accomplishments. >> and misattributing quotes to them on instagramment some of the most fascinating story in women's history aren't that well-known so this month desi lydic and dulce sloan are taking a look at the lives of real women who left their mark in our daily show segment shafted. (applause) >> good evening. i'm dulce sloan and i'm desi lydic. tonight's episode is a familiar story. big dreams crushed by the re

gary cohn to larry kudlow, cnbc personality here.d sees on tv, don't underestimate the importance. reince priebus, trump sort of took on because he wanted to make nice with the establishment. he got rid of that because he figured that wasn't working. brought in john kelly. we'll see how he vives. he was running because he's a general. the next one is even more -- john kelly, featured again. he may have lost the trust of the president. depends on what reports you read. we don't know who could go here. h.r. mcmaster to john bolton. he has been around this white house a lot. the president likes his counsel. va secretary, we know he's not happy with david shulkin, mismanagement of a veterans center. and rick perry, the president knows the nature of his character. attorney general, the most maligned person in the administration, jeff sessions. trump has called him beleaguered and said he should leave. we don't know who could go here. trump wants sessions out but doesn't want to fire him, which is interesting. one more aside. >> wow! >> th

welcome to the party. >> donald trump chose larry kudlow as his new chief economic advisor. e tv commentator replaces gary cohen who resigned over the decision to impose tariffs on steel and aluminum imports, something kudlow has criticized but the president said the debate is something he welcomes. >> we don't agree on everything but that is good. i want to divergent opinion. we agree on most. he has come around to believing in tariffs as a negotiating point. >> we are back with james freeman. you know larry kudlow well. what do you think this move? >> a terrific move, he is all about economic growth, one of the main forces pushing for a big tax cut and most important is a communicator who can go on the sunday shows and explain how trump's tax cut will help the average american and in prove prosperity and that is important when you have the president pushing anti-growth things like the tariffs. is messaging will be a contrast to the guy he replaced who was an insider in the white house doing his thing but was rarely seen. >> i was skeptical when he came, kind of a wall stree

then you have larry kudlow, not his first time at the rodeo. was a member of the reagan administration which used tariffs to negotiate better trade agreements. mr. kudlow said while he is a free trade proponent, he would be in support of president trump's efforts to bring trading partners to the negotiating table if tariffs are the way to do it, he said he would be on board with that, and then you get mr. trump's tweet today which he said we have a trade deficit with canada, there was the issue over the recording made of mr. trump meeting with supporters in california. we have a trade deficit with canada as we do with almost all countries. some of them massive. justin trudeau doesn't like saying canada has a surplus versus the united states, negotiating, but they do, they almost all do, and i know how, i know. surplus and nonsurplus and trade deficits with canada, whether you factor in energy and timber. i'm going leave that to the opinionators to discuss that one. charles: i'm an opinionator. reporter: you are. charles: thanks a lot. i appreci

larry kudlow is set to be the newest face of economic policy for president trump. of course he's a former reagan official and cnbc personality. kudlow said he is honored to be trump's top economic adviser. help does not foresee the kind of personality clashes that have doomed so many white house officials before. >> i've known the president a long time. we have a mutual admiration society. he is the president. so it's a different role. there may be agreements. there may be disagreements. once decisions are made, that's it, time to execute. >> but while kudlow is on his way in, others, they might be on their way out. there are multiple reports and articles out saying we should expect more upheaval in the coming day. the va secretary has been under fire for misusing taxpayer cash. but publicly, the white house says he's staying for now. so if it's not him, the national security adviser, h.r. mcmaster, could be next on the chopping block. three sources told "vanity fair" trump has already met with ambassador john bolton about possibly taking over. no official has taken

larry kudlow is against tariffs and for free trade. peter navarro is dead set against free trade and for the tariffs. >> ultimately this is where the president will bring in a couple different folks and take a look at them. quite frankly, it will be more than just those two. i'm big fans of larry and peter. the president will expand it out, bring in a bunch of folks and it might not be the chasm between navarro and kudlow. where he wants to be on a certain policy. maybe he wants it more on one end of it. one thing to keep in mind is the only person that anyone voted for in this white house is donald trump. he's the only one anyone voted for. the staffing story is important today, gary cohn will be completely out of the news tomorrow, we will move on to something else. there are a ton of all-stars within this administration, whether it's treasury secretary steve mnuchin, who led most of the tax cuts. he's probably, other than the president, the person i'd say is probably the mvp of this first year of the administration. you look at mick

this as traders suggested comments from -- larry kudlow. joining us from singapore is mark cudmore, bloomberg mliv strategist. become -- he is newly protectionist when it tradeto the china-u.s. relationship but he seems to be a strong supporter of nafta. can we take some soulless and solace in that? too markets.atters it is not just a story about canada and mexico good there will be a ramifications that spill over to a lot of other emerging markets and economies. that messagehances that trump is really surrounding himself in the administration with hardliners. over boss, peter navarro, and now, larry kudlow as well, advocating a hard line in china. in the meantime, two more moderate business-friendly people are out in tillerson and cohn, both gone. that is sending a message that he is wanting to follow through with this hard line on china, and the us of a trade war are rising. matt: i am not sure if i misread or misheard this, but was he giving the fed direct advice to hold it as far as rate hikes go? in one breath, he supports a strong dol

it could be a challenge for larry kudlow.ta. >> but the fear is he may stand there and represent the president in the face of real data. >> as larry kudlow says, it's god's will. david: a smirky expression on her face when she was doing that. joining me now, dr. sebastian gorka, now a fox business national security strategist. it's tough to view that without getting furious. i've known larry for 30 years now. i knew him when he was in the midst of his drug addiction. the guy was torn apart by it. it was only through religion, through he was able to get out of it. and we are now in the midst of an addiction crisis in the united states. larry is a shining example to people stuck in that addiction about how to get out of it throw faith anthrough faith and they'e belittling that. it's jond the pale. >beyond the pale.>> it is. i'm glad you mentioned the importance of faith in the midst of a crisis. ms. huhle demonstrated what an isolated bubble she and her colleagues live in. she's written off most of america. whichever polling yo

--'s look deeper into what who larry kudlow is.ed out studying economics and politics, became chief economist in his early 30's, chief economist at the office of management and budget under president reagan. taxng time supply-sider, cut growth, watching the dollar, watching gold, signaling monetary policy, not just jobs. acnbc contributor. i got to know him well as a journalist. cnbcher we worked at during the 1990's. he did say in an interview he would like to see the dollar a bit stronger. he has been talking about king dollar forever. he thinks it is a sign of a strong, powerful economy and country. he thought he would go further and advised people buying the dollar and selling gold. i would suspect as time goes on, he would refrain from what you should buy or sell when he is officially sitting at the white house as the new economic council. say it is not a job and economists have to do, it involves project management, coming up with economic solutions for the president to look at. larry kudlow is not the only one who does not t

senior economic adviser, there is talk it will be larry kudlow. >> the president tweeted larry kudlow will be my chief economic adviser. our country will have many years of economic success with low taxes, unparalleled innovation, fair trade, and unexpand saing labor force leading the way. maga. >> as a counterbalance to free trade not that long ago. now the president adopted this on his own. larry kudlow is a free trader. but importantly he will be a messenger for the president. he wants people he knows from tv. he wants a cast of characters in his cabinet. >> listen, the president watches cable news. we know that to be true. so he does have lots of people from larry kudlow, mercedes slack now in the press office. he's considering josh bolton. k.t. macfarland was on on tv. so that is something that the president values, julia. but, listen, larry kudlow is not in complete lock step with the president, particularly on tariffs. >> i had an interesting conversation with larry kudlow yesterday after he confirmed he would be taking this job. he said he stpwraes with the president on tariff

larry kudlow is the president's new choice for economic adviser, a sentence commentator. the president has given him a chance to join the white house as his top economic adviser, replacing gary cohn. as you recall, cohn left because of differences on tariffs that trump has slapped on steel and aluminum imports. trump and the white house repeatedly lied about the u.s. and its trade relationship with canada. it kept on saying there was a trade deficit with canada. in fact there's a trade surplus with canada. canadians buy more goods and services that americans buy from canada. kudlow will have his hands full. >> you and i have talked about gary cohn, and we'll be talking about larry kudlow. i want to be serious about this, on st. patrick's day i'm wearing my catholic faith in green. as a person who has been in business and business reporting for 21 years, please listen to this. i know that words matter. it's really important to me that i clear something up that happened with us, with me the other day on air. i meant absolutely no offense when we were discussing larry kudlow

that is you voice all of your arguments before the decision and not after it and if larry kudlow can fit that bill and be sort of an america first globalizer here, voice in this white house, then that's a successful role for kudlow >> good stuff. back with him as needed throughout the rest of the hour. we'll take a break come back and talk about the nasdaq's new high. apple hitting a high and why andrew lef says now u the is the time to short netflix. back after this. let's stop talking about diversity, and actually be more diverse. as investment management professionals, let's measure up. cfa institute. let's build a better let's create jobs,ing. build bridges, insure prosperity. as investment management professionals, let's measure up. cfa institute. >>> a new record high for north america dak and apple. tech has been on a tear. >> tech has been leading again one of the things we've seen is to follow and pete booet the market, you have to beat tech. if you have in the apples of the world. we like googles as well. those are the companies you need to be in to actually play this the fa