larry kudlow: there has been a huge effort privately.nd we will be unveiling the positives of that private effort. we are in constant communication with the air carriers. we agree with what you are suggesting, with respect to testing and taking temperatures and a host of other measures. we are also working with airlines regarding contact tracing and the feasibility of that, without incurring too much additional expense. we are looking at telephone apps for that, testing before you get on the airplane, when you land come on both sides so you will not have to have a 14 day quarantine. we are looking intensely at that. that said, i will say that the president has said a number of times that the airlines are crucial, one of the key arteries of our economy, transportation and so forth, so if they need additional assistance, we are ready to hammer out additional packages with them. secretary steve mnuchin is leading that charge. we have information, testing, additional assistance on the table for the airlines. jon: when will we hear about it?

big show ahead for you, lou dobbs, larry kudlow.e "varney" coming up. ♪ ♪ ♪ ♪ smooth driving pays off with allstate the safer you drive the more you save ♪ you've never been in better hands allstate click or call for a quote today (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock premium included at no additional cost. no strings attached. >> in november you'll probably see, you know, 50 million doses available. by december maybe another 100 plus million. and then when you get int

i am larry kudlow. i just had the 25th sober anniversary my first. -- on july 1. my story has been out there for many years. i would just say that when the president and the first lady offered me this position, which is the greatest honor of my professional life, i stayed a lot longer than people probably thought i would. it would not have been possible, not remotely possible unthinkable that i could occupy such a job. 25 years ago. unthinkable. abuser ofpeless alcohol and drugs. i had tried several times unsuccessfully to get sober. like a lot of my peers and health, i went to bloody and suffered significant consequences i am not alone, most of us had the same troubles. and i was unemployable. god i did grace of stay married and my wife is a saint. i have set up before and i will repeat it we have been married 34 years, it's a miracle. it was difficult, whole story was difficult. having said that, i will offer this. because of my stubbornness and willfulness and the difficulties and consequences and the fact that i had to learn andto change my behavior follow a f

larry kudlow's with us. house, larry kudlow. sir, you are on. i'd like to deal with something right from the start, if i may, larry. joe biden earlier -- not today, but earlier this week -- he said that mr. trump had taken a good economy and driven it back into the ditch. i thought that was absolute nonsense and said so on the air, but i want your reaction, please. >> well, look, it's factually inaccurate. that's really the key point. i don't want to do politics, it's just factually inaccurate. first of all, the expansion after the financial meltdown, you know, ten some odd years ago was the slowest, i don't know, going back to the great depression. but even worse than that, and this is a point that i'd like to make, if you go back and looked at a what president trump directly inherited from the middle of 2015 to the end of 2016, the economy was on the front end of a recession. it was growing, stu, by 1.a -- 1.5% or less. and having been in the business for a long time, we used to call that a growth recessio

was that because of what larry kudlow said or something else? what do you think?ket's tired, in need of a rest, got ahead of itself, so much momentum and hot money chasing those big stocks. they just need a pause. you know, as i came in, the dow was down almost 500, but three companies you've herald of, citicorp, bank of america, jpmorgan are all up. so there's a rotation going on within the market as people are selling the high-flying, high-pe nasdaq type of stocks and saying what's lagged in the market that's going to be okay. and we get some pick-up in interest rates, the employment report has if pushed them up some, that's good news for the banks. david: by the way, we also had good news that wages are up. of course, that does give us some inflation pressure. could that have something to do with the skittishness in the market today? >> i think an eventual increase in inflation is worth worrying about, but i don't see the market paying a whole lot of attention. again, the 10-year yield up 5 basis points, but it's still below three-quarters of 1%, so hardly a co

still to come we have larry kudlow coming up on the show. new stimulus, complete deadlock. i'm going to ask larry what his next, will beget any stimulus at all. i think he will answer. zuckerberg owing on defense saying his platform is not a right wing echo chamber. you will hear what he has to say about that coming up next. are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. aerotrainer's unique design allows for over 20 exercises for a total body workout. plus, you can easily transition from one exercise to the next. want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and str

jonathan: larry kudlow. no sign of urgency.sign of concern over the market as far as the fiscal stimulus packages concerned. no sign of real talks at all over the last month. price action this morning. shaping up, stateside, equity futures are lower. nasdaq futures much lower. off by more than 2%. euro-dollar, 118. crude market, -5%. it is decidedly risk off this tuesday. tom: brent crude maybe at $39, $40. three big figures. 34, showingup to some of the tension. with mr.ersation kudlow falls into the state of the economy and what it means for politics when nobody cares about the economy. kevin cirilli is an expert at this. kevin, is perceived by both campaigns that it is a recovering economy? kevin: no, it is not. that's a brilliant question. the biden campaign is sank this economy is not heading in the right direction, not recovering at the pace they would like to see and not moving in the direction the republican conservative ideology has only benefited the elites. in contrast to that, republicans are sank the economy is mov

we heard from larry kudlow the polls are narrowing. where are they in your estimation?yle: i do not think a lot has changed from before the convention to now, particular not the national numbers. you have to remember whatever joe biden's national deed is, if you put the polls together it is in the 7.9 point range. whatever the margin is in the most important swing states will probably smaller. in 2016 hillary clinton won the national pop -- the national popular vote, but she lost the decisive swing state of wisconsin by less than 1%. a national lead of seven to nine points nationally will be a little bit smaller in the most competitive states. i think the president has an electoral college edge. to the extent the president is doing better in polls, you see it more in the swing state polls as opposed to the national ones. we tend to get more national polls, and national polls are higher-quality. we are still trying to figure this out. i do not think the convention has changed that much. is the president in the electoral college race. that is the one that counts. that ish

later today, we will be joined by larry kudlow.considering corporate valuations and the close proximately to the presidential election. good morning, everyone. this is "bloomberg surveillance ." francine lacqua in london. tom keene is a new york. of course, it is u.s. jobs day. we hope it will give us a clearer picture of what the economy faces. tom: it was absolutely remarkable yesterday to see the analysis off the claims report. i am going to go with economic policy institute in washington. it was pretty grim when you sum in all of the pandemic unemployment as well. on the equity markets, it

fiscal stimulus through the pipeline, larry kudlow saying he doesn't think the u.s.eeds another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. this comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. and that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing ruth bader ginsburg on the supreme expected thisinee weekend. s and p futures are contracting of .3% when a drop it comes to nasdaq 100 futures. the nikkei erasing earlier gains and now trading flat as we get yen weakness benefiting from the rally overnight. sydney futures down 1%. we are watching westpac after the bank said it would be paying $1.3 billion australian for breach of anti-money laundering laws, and watching kiwi stocks. we have trade data for new zealand pre-much in line with expectations in the last hour. an

larry kudlow is here. you will be discussing that in a little while. retail sales are up 121%. far above what we thought. manufacturing is up 61%. that's above our schedule. and our schedule is a heavy schedule. automobile production is up six feel -- sixfold. homebuilders are at the highest level in history. it's an amazing statement, larry. the highest level in history. small business optimism is higher at any time under the last administration, substantially higher. small business optimism, higher than at any time over the last, more than the last administration. to award nineoud companies and organizations with the first ever pledge to america's workers presidential award. this is a small business program to give americans skills to hone a trade and make a great living. over 400 people committed to 60 million training opportunities for the american worker and it has been amazing. we created the fastest economic recovery in american history. we are witnessing it. you are part of it. our approach is pro-science. bidens approach is anti-science. if you look, i don't think they

one of the participants was white house economic council director larry kudlow, who shared his story of struggling with addiction and 25 years of sobriety. larry: thank you. many appreciations to the first lady. state -- say too much. my story has been out there for many years. i would just say when the president and the first lady offered me this addition, which is the greatest honor of my professional life. and i've stayed a lot longer than probably a lot of people thought i would. it would not have been possible . it would not have been remotely possible. it would have been unthinkable that i could have occupy such a job 25 years ago. unthinkable. i was a hopeless abuser of alcohol and drugs. i had tried several times unsuccessfully to get sober. like a lot of my peers and friends, i went through bloody hell and suffered significant consequences. i'm not alone. most of us had the same troubles. and i was unemployed. but by the grace of god, i did stay married. my wife is a saint. we've been married 34 years it's a miracle. it was difficult the whole story was difficult having said

we'll ask larry kudlow in a couple minutes >>> apple down 20% from its highs. don't call it a bear market just yet, though. we'll look at the trend levels the stock is in danger of breaking >>> cool day logic for carvana and it's time to go stupid >> kelly, choppy it is, but not a lot of chop, all right if you a take look at the s&p 500, we're up about .1 of 1% at session highs, the s&p 500 was up roughly 22 points, and at the lows of the day, we were down about 11 points so we're still below that 58 average price in the s&p something to watch there as it tries to find some kind of upside momentum, trying to snap a four-day losing streak remember, the dow underperforming today in the nasdaq did see briefly negative territory. now, a sector to watch is the financials four-day losing streak for this particular sector, and you can see on a year-to-date basis, there is a relatively deem divi -- deep divide, a gap down 23% for the sector, and down near 40% for the bank stocks. what's outperforming in financials these days is exchange operators it's also broker-deale

ben, larry kudlow just said the worst thing to do right now is to raise taxes.d among the first things he will do is actually raise the corporate tax rate from its current 21% to 27%. now, before the tax cut and jobs act during the obama/biden administration, it was 35%. back then president obama was frustrated with the offshoring, meaning corporations leaving the u.s. to domicile in lower tax countries. why raise the tax rate on corporations and risk triggering that flight again? >> so let's just set the record straight on this. the first thing joe biden will do when he becomes president is get our economy back on track. we are down 11.5 million jobs relative to where we were at the start of the covid pandemic and the first thing biden will do is pass the build back better plan which includes $1 trillion for infrastructure, it includes money for the care economy. whether or not the corporate tax increase which is designed to pay for that plan hits in 2021, it will be something the vice president assesses after he's in office. but the top priority, the top thing

national economic council larry kudlow on the economic as well. we will get your take on all of the above. you are watching mornings with maria live on fox business. note ♪ ♪ stay restless with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart

that you guys are going to find out pretty soon here in the next hour or so when you speak to larry kudlowbut i think that there was some positive signals from the administration around a compromised proposal that came from both some democratic and republican rank and file members of the house so there was some sense that there could be room for negotiation, but that proposal, the house leadership, democratic leadership, has already rejected it so we are kind of back to the drawing board. pelosi here is putting some flesh on the bones of the overall top-line number that she has been laying out for quite some time now and we will see whether or not it's enough to get mnuchin back to the negotiating table and to actually move the needle here. a lot will depend on the sort of tenor of the conversation that the two of them had this morning. >> ylan, we will wait for some guidance on that later on today. ylan mui in washington. >>> jim, kudlow spoke and we are going to talk to him in the next hour but he spoke a week ago today, said that the u.s. has regained control of the virus and that the u

larry kudlow saying they would very much like to help the airlines, but there has to be more targetedand not a broader stimulus package. the debate has switched to the supreme court justice nominee as president trump says they will be going forward with putting saturday. haidi: political capital being focused on that instead of getting the stimulus package over the line. westpac agreed to pay a record $1.3 billion aussie dollars to a federal regulator. this is a much larger settlement than westpac originally budgeted for. what are we hearing from the ceo? >> saying he sincerely apologizes for the bank's failings. this relates to a case last november when a regulator accused westpac of 23 million breaches of anti-money laundering laws and even including failing to vet thousands of payments linked to child exploit payment -- exploitation rings. a chairman took early retirement. late yesterday westpac directors were holding a call to discuss the settlement. $1.3 billion, the largest ever. the previous record was 7 million. for this,dgeted $900 so the settlement outstrips this as well. ha

larry kudlow, the president's top economic adviser, is pretending that time stopped in 2019. >> i wantow you some more examples of the v-shaped recovery. actually, i can jump in here. this is from the census bureau report. change in the number of people living in poverty. during president trump's first three years, pre-pandemic. 6.6 million fewer people. 6.6 million fewer people living in poverty. >> what is the number post-pandemic? >> we'll have to wait and see on that. >> more accurate -- >> let me go to the -- under the obama years. 787,000 people moved into poverty. so that's a problem and we have the second chart. >> isn't that an old chart? >> no. this is a brand new -- this stuff just came out. >> what about right now? >> if i may, okay? >> i like accurate information. >> this is the accurate information. this is from the census bureau. >> this is 2020. >> let me just go back into this. >> number of americans living in poverty right now, do you happen to know that answer? >> no. >> you don't know that? you're an economic adviser? >> right. if you will just stop in it pecking an

a couple of hours later, we will catch up with larry kudlow from the white house. going to ask him? i think this is serious. they clearly want a stimulus at 1600 pennsylvania avenue come of it is the basic idea that they stimulus,itty-bitty and speaker pelosi wants more enormous? jonathan: they wanted to be targeted. the question for larry kudlow today is whether he thinks this economy is self-sustaining. that would imply that they don't think they need a big fiscal package anytime soon. tom: he's the one guy left talking of a v-shaped recovery. jonathan: i would agree with that, but when someone makes a statement like that, if they believe we've got a v-shaped recovery, they also believe you don't need the fiscal stimulus. when they start to worry about the recovery, then you get a decent idea that there's going to be a policy effort to follow. london, lisao in abramowicz and tom keene. we welcome all of you on london radio, where jon has a sterling show later in the day. jon, national fish and chip day. what i find fascinating, not that i know the map of the midl

larry kudlow also spoke briefly with details on some of the new august numbers. pres. trump: thank you, everybody, very much. thank you. as we begin labor day weekend, america's unprecedented economic recovery continues. you see what is going on. it has been pretty amazing. the united states economy today announced this morning 1.4 million jobs last month, bringing the total to over 10.6 million jobs created in just four months. million jobs last month, bringing the total to over 10.6 million jobs created in just four months. that's a record by far. in august, we added 249,000 retail jobs, 174,000 leisure and hospitality jobs, and 29,000 new manufacturing jobs. the unemployment rate plummeted to 8.4%, the second largest single month drop ever recorded, surpassed only by our big decline in june. last month, we saw large declines in the unemployment rate for african americans, hispanic americans, and asian americans. very big declines. we are witnessing the fastest labor market recovery from any economic crisis in history by far. by contrast, the last administration had

larry kudlow says the economic ban affects 40 million people, renters. >> president trump deserves credit. he couldn't get a bill out of congress so he took action himself. he took action himself on unemployment. on the eviction moratorium. on the payroll tax cut. also on the student loans. you know -- reporter: all meant to bridge the gap for the economy until the coronavirus is behind us. fox news obtained this letter from the cdc to state governors. in it the cdc is asking governors to wave license restrictions so vaccine distribution warehouses can be set up in the fall. it says the distribution centers will be active before november 1st. this is the first time we're hearing a more specific date as to possibly when we have a distribution of a vaccine from the administration. they have since now been saying basically they hope before january of 2021. back to you. connell: right. big news there, edward. thank you, edward lawrence in washington. melissa? melissa: clashing over reopening schools. democratic nominee joe biden slamming president trump calling for emergency funding for schoo

let's bring in larry kudlow, the white house chief economic adviser. we want to talk about the economy and the jobs numbers. obviously some numbers, absolutely going in the right direction this morning. let's get your overall reaction to today's report. >> i think the headline, dana, by the way thanks for having me on is the 8.4% unemployment rate. a lot of people, maybe most people said we wouldn't get to single digits by the end of the year. we got there in august, four months after the terrible pandemic contraction. the number itself surprised everybody on the low side. 8.4%. on top of that, the small business survey of households showed 8.3 million jobs added and the larger company payroll survey put up 1.4 million. big numbers. four months, although mr. biden seems to be critical of it, i'm not sure why. we put back 14 million household survey jobs. we've increased the payrolls by 10.6 million. the unemployment rate has dropped. this is just in four months. we're more than halfway back from where we started in a terrible pandemic. i'd say it's pre

the white house's chief economic adviser, larry kudlow, will be joining me from washington.s justice ginsburg lay in repose at the steps of the supreme court this week, the bitterness of the fight to replace her was already apparent. protesters screamed at president trump even as he paid his respects. >> >> [inaudible] gerry: leading democrats came out and declared that republicans had absolutely no right to fill her seat in an election year. now this, of course, wasn't what they said when barack obama moved to fill a supreme court vacancy four years ago. >> the job, first and foremost, is for the president to nominate and for the senate to hold hearings and go through the process. gerry: well, that was then, and that's exactly what republicans plan to do. in fact, the precedent is clear. when the white house and congress are controlled by the same party, it's been common practice to confirm a nominee in a presidential election year. even mitt romney, who's been a fierce critic of president trump and is a potential key swing vote, dismissed suggestions that filling the vacan

larry kudlow also spoke briefly with details on some of the new august numbers. pres.rump: thank you, everybody, very much. thank you.

larry kudlow is here. he will be discussing that in a little while. retail sales are up 121%. 61%. that is above, also above our schedule and our schedule is a heavy schedule. automobile production is up six-fold. homebuilders sentiment is at the highest level in history. that is an amazing statement, larry, the highest level in history. that means people are thinking good thoughts. home sales are at the highest level in nearly 15 years. small business optimism is higher than anytime under the last administration. substantially higher. small business optimism, higher than at anytime over the last, more than the last administration. today i was proud to award nine companies and organizations with the first-ever pledge to america's workers presidential award this award recognizes outstanding training programs that are giving americans the skills to hone, trade, earn a great living. the great people. over 400 companies have competed and, committed to 16 million training opportunities for the american worker and it's really been amazing. we've created the fastest economic recovery

let's keep our powder dry. >> sandra: larry kudlow, thank you. >> trace: thank you, larry. court vacancy. does mitch mcconnell have the votes to confirm a new justice? tom bevan will join us on that next from real clear politics. veterans who refi now can save three thousand dollars a year. with newday's va streamline refi, there's no income verification, no appraisal and no out of pocket costs. one call can save you $3000 a year. $3000! that's a big deal. +mdjélt(o-:bd1!@é,úc @: #fc!a=s the freestyle libre 14 managday system...etes can be hard. - a continuous glucose monitor - ...makes it easy. easy to check your glucose without fingersticks, and easy to share your data with your doctor. and for those who qualify, the freestyle libre 14 day system, is also covered by medicare. ask your doctor for a prescription. you can do it without fingersticks. learn more at freestylelibre.us >> sandra: this just in as we look live at the supreme court following the passing of justice ginsburg. the supreme court just putting out a press release that justice ruth bader gins will lie in

here's what's interesting, liz, you're going to -- listen to this sound bite from larry kudlow. the interesting part is he didn't really talk about the stimulus talks. rather, he said there is something else on the radar first. watch here. >> you know, i don't want to go ahead and make any forecasts on how this thing's going to to play out. that's not in my lane. but it doesn't have to. we can get a clean c.r., for example, which first order is keep the government open. we could negotiate a sensible package that's targeted and would provide some assistance. no, i don't, i don't believe so. >> reporter: the first order of business being a clean c.r., liz, that is d.c. talk for saying the need to get a spending bill passed by october 1st, one week from thursday government funding runs dry. i bring that up because there has been some apparent movement here in the last hour as house democrats have put forth their sort of a framework of a bill, and mitch mcconnell, the leader of the senate, has come forth and add admonished what house democrats have put forth. the issue here is over

larry kudlow, however, advisor to the president, says he expects 20% growth in the last two quartersyear and a v-shaped recovery. here is kudlow. >> we're in good shape for the v-shaped recovery. we're about 80% reopening. the spikes in the south and west did have some restraint on the recovery. consumer net worth has increased. we're now at a record -- >> sandra: jason, i just want to know where we stand, you know, as a country? what does our economic growth look like working our way toward christmas? major companies like fedex forecasting astronomical growth. >> we'll have a very strong growth rate in the third quarter of this year, i would agree with larry kudlow on that. we'll get that number at the end of october. happy to come back on and we can discuss it when we get it. the fourth quarter i'm not sure, october, november, december. what happens in terms of a second wave, the first part of economic growth is easier than the second part. the first part you are bringing people back the their old jobs. the second part you are creating new jobs. that's always harder to do. do we su

chinese companies, they're tied to the military, same thing with the railroads executives which larry kudlows a lot of big business in terms of raising money for chinese companies, many of whom may well be tied to the military, because the military is the priority in china. >> that's right the, we can't do that. we didn't have american bankers in the ussr managing wealth and economy. working on these issues, i mean, we didn't -- we were never financing or funding our adversaries to this degree. and we have to get wall street to understand this picture. you know, that's going to be a big process, and i think we have to get treasury more into the game. treasury went through a renaissance in terms of how it works on national security. after september 11th, all these tools were deployed to cut down terrorist financing. i mean, if you apply some of this stuff to the chinese military industrial complex, congress has done a lot, but treasury has a lot it could do because the financial restrictions placed on china i could be enormously helpful to the united states. maria: we will keep watching this

one of the participants was white house economic council director larry kudlow, who shared his storyf struggling with add

i believe that larry kudlow wants some kind of targeted help for the economy.hink most americans would like some targeted help as well. so can they do it? can they pull it off without congress? good question. i will ask it. >> sandra: final thoughts before you go. you have to get back to your show and we'll get back to ours. small businesses, this is the heart of our economy, it drives the american economy and they have struggled through this pandemic. what are you seeing and hearing about those small businesses being able to come back? in new york city we had more violence in the streets last night. restaurants are barely hanging on if they haven't already had to shut their doors permanently. but what are you seeing and hearing on that front as so many are struggling to survive? >> if you limit it to bars, restaurants, travel-related businesses i think the outlook is grim. in the extreme. now, they may get more government help. i don't know about that. they may get some more government help but even if they do get some more help, i think our society has change

stuart: that is larry kudlow moments ago confirming what we have been reporting, that is our market iscrease in the number of cases in the worry is that that comes over here, if you look at travel stocks, you will understand the worry of a second wave coming over here, go through lauren, the travel stocks. lauren: i want to point out when larry kudlow said that the market went down to the lows of the session, what we know is the uk is considering a second lockdown to curtail the spread of new infections because scientists are that the current rate continues and no action is taken, great britain could see 50000 cases and 200 deaths a day next month, there is talk of another lockdown, restrictions like 10:00 p.m. curfew in london and find $13000 for those who test positive and don't isolate, look at the travel stocks, they are down 9%, 8% in many cases and i want to bring you news that we have on two cruise lines specifically royal caribbean and norwegian submitted a 65 page paper to the cdc saying this is how we intend to safely sale, has 74 recommendations everything from temperature t

friday larry kudlow pointed to the possibility of a scaling back.owell fed chair cautions the u.s. recovery could slow from here. more volatility for stocks had given this meal us the question? >> i think the reason the stimulus is so important for stocks has less to do with the economic recovery, and more to do, with getting the fed off the sidelines and printing more money to inject into financial markets. that theno question recovery is running ahead of schedule, making negotiations between congress and the president more complicated, negotiations between the house number $3 trillion on the senate of $1 trillion and this could drag on through the election. but ultimately, you mentioned a k shaped recovery. the jobs coming back are the jobs that are easy to restore and a socially distanced economy. the jobs that are not easily restored in a socially distanced economy, those people are still suffering. there are still struggling. we have one third of renters looking at potential eviction without another covid stimulus package and the money for land

the unemployment rate is cut nearly and half, larry kudlow is here, he will be discussing that in a little while. retail sales are up 121%, that's far above what we thought. manufacturing is up 61%, that's also above our schedule, and our schedule is a heavy schedule. automobile production is up sixfold, -- highest level in history. that's an amazing statement larry, highest level in history. that means people thinking good thoughts. home sales are the highest in nearly 15 years, small business optimism is higher than any time under the last administration, substantially higher. small business optimism in higher than at any time over the last, more than the last administration. today i was proud to award nine companies and organizations with the first ever pledge to workers americans -- this ward recognizes out sounding trading point grams that are giving americans the skills to hone a trait and make a great living. great people, over 400 companies have competed. and committed to 16 million training opportunities for the american worker, it's really been amazing. we have created the fastes

and the president's leadership on the economy in particular, national economic council director larry kudlowy, good to have you with us. you guys must have been dreaming about this kind of response of the market today. your thoughts. >> thank you, lou. look, i think the market action today was great, but i think the most extraordinary, wonderful thing today was nominating president trump for the nobel peace prize, one of the great honors you could possibly get. and did the stock market rise on that news because it helped his re-election? maybe it did, i don't know. i'll let others decide. but i will just tell you speaking personally, somebody honored to serve as a senior guy in his administration, getting nominated for the nobel peace prize, heck, lou, the dawnish guy was in the paper, he said i don't really like mr. trump, but his accomplishments in the middle east and in europe and elsewhere and nato are so amazing and china. that is just the most terrific headline today. i'm glad you mentioned it. i know you tweeted it out, thank you for that. the other networks don't want to cover it, to