Speaker 1: My next guest.
Speaker 2: Nice change of pace. Could you imagine if they asked
Speaker 2: me about mom Donnie? I already got thrown off a
Speaker 2: Fox for calling him a terrorist. Uh. Cudlow is amazing.
Speaker 2: He's on the station every Saturday afternoon. He's on Fox
Speaker 2: Business every day. He's a legitimate legend. They don't come smarter,
Speaker 2: They really don't. Larry Good Friday Morning, Buddy Hawaii.
Speaker 3: Good said, are you I'm fantastic.
Speaker 1: I'm not going to ask you to comment on what
Speaker 1: Curtis had.
Speaker 4: Because I think you still like him, and if you do,
Speaker 4: that sets up to you. That's fine.
Speaker 2: But would you say that, Ma'm Donnie's a nice change
Speaker 2: of pace?
Speaker 4: I mean, Larry, come on, I mean the guys that
Speaker 4: the city is.
Speaker 1: Everybody's leaving.
Speaker 2: I mean, there's lawsuits everywhere, there's there's still plenty of crime.
Speaker 2: I love this city. I moved back here from Florida.
Speaker 2: But what about Mam Donnie is nice?
Speaker 3: Yeah? I change the pic. That's what That's what. That's
Speaker 3: what Bazaar said. When the Bolsheviks came out.
Speaker 2: Well, you know, listen, there was there was there was
Speaker 2: a girl here before him, and it's no wonder.
Speaker 1: They're great buddies.
Speaker 2: They danced together on floats at the Puerto Rican Day Parade.
Speaker 2: They're great puddies. And her name is alexandriro or Cassio Cortes.
Speaker 2: Bo't number one is I know you call her that.
Speaker 2: But this girl maybe very well seriously on her way
Speaker 2: to be the Democrats choice for president in a couple
Speaker 2: of years. Well how about that, Larry.
Speaker 3: And all things are possible. But you know, in a way,
Speaker 3: the the Bolsheviks had a lousy week this past week,
Speaker 3: right the ham Laws and else I has run for
Speaker 3: the hills. He won by a cat's whisker. We're still
Speaker 3: going to have Thanksgiving in Wisconsin because Hong, Wow, it's
Speaker 3: very hard for me to believe. I mean, the Democratic
Speaker 3: Party is in a lot of trouble. So it's a
Speaker 3: gift to the Republican Party if the Republicans take, you know,
Speaker 3: if they take take it seriously, and I think they
Speaker 3: probably will, so we'll see. But Americans don't like socialism.
Speaker 3: I mean, they don't like socialism, they don't like communism.
Speaker 3: Polls show that now the Democratic Party has got a
Speaker 3: different problem because they've let the socialists creep in and
Speaker 3: kind of take the agenda, right, This is the Bernie
Speaker 3: Sanders agenda going back several years. And so the AOC's
Speaker 3: of the world and the Elsies of the world, they
Speaker 3: got a problem because no one wants to stand up
Speaker 3: to it. Nobody wants to stand up to the anti
Speaker 3: semitism in the Democratic Party. A few, a few, John
Speaker 3: Fetterman being there very important exception to that. But I
Speaker 3: would say it's a Democratic Party problem. It's not a
Speaker 3: Republican problem, and it's not going to be an American problem.
Speaker 3: And by the way, if it matters, the economy is
Speaker 3: doing very well with mister Trump at the helm. His
Speaker 3: free enterprise capitalism is working. And by the way, the
Speaker 3: stock market is doing very well. And we talked last
Speaker 3: night on the TV show. You know, there's one hundred
Speaker 3: and fifty six million Americans, said, one hundred and fifty
Speaker 3: six million American adults who are in in the S
Speaker 3: and P five hundred, okay, or in the stock market
Speaker 3: one way or another, you know, through the indexes, through ETFs,
Speaker 3: through iras, through brokerage accounts, through bank accounts. It's only
Speaker 3: about one hundred sees, about one hundred and sixty one
Speaker 3: or one hundred and sixty two million people who were
Speaker 3: working at the size of the labor force, so almost
Speaker 3: every working person is in the stock market, and the
Speaker 3: stock market is making new highs. So that's a tremendous
Speaker 3: underrated factor in the elections coming up.
Speaker 1: And though then, well that's great, that's great.
Speaker 2: And look, you don't gonna sell me.
Speaker 3: Media won't talk, they won't tell.
Speaker 1: I know they won't.
Speaker 2: And uh, you know, of course, I'm going to see
Speaker 2: President Trump this afternoon with Bruce Blakeman in Nassau County,
Speaker 2: and I can't wait to see our friend.
Speaker 1: So you gotta tell me. I know he's doing a
Speaker 1: great job.
Speaker 2: I know there are some positives in the economy, but
Speaker 2: the two negatives that the detractors keep talking about, Larry
Speaker 2: are inflation and interest rates.
Speaker 4: They say it's too high. Still, what are your thoughts.
Speaker 3: Well, I don't know that rates are too high. I mean,
Speaker 3: maybe they are a little on the high side, not much.
Speaker 3: Not stopping job creation, and it's not stopping investment. We're
Speaker 3: in an investment boom. We're in a manufacturing boom. And
Speaker 3: as far as the inflation rate come is concerned, it's
Speaker 3: coming down. It's coming down. You just had a CPI
Speaker 3: two straight months flatted down. You're you know, the inflation
Speaker 3: rate is running about two and a half percent, so
Speaker 3: the FED target is two. It's coming down nicely under
Speaker 3: Kevin warsh our new FED, our new FED chairman. So
Speaker 3: is it a problem? Is affordability a problem? I think
Speaker 3: the tip of that sphere is still gasoline, which is,
Speaker 3: let me go, I'm going to give you a reading.
Speaker 3: Four dollars and eight cents now. Under Biden it got
Speaker 3: to about five and a half bucks, but a year
Speaker 3: ago it was about three three and a quarter. So
Speaker 3: you know, gasoline pests energy have Jerry chris Wright was
Speaker 3: saying yesterday we can probably get our twenty million barrels
Speaker 3: of oil out of the Arabian Gulf from the straight
Speaker 3: of hormones, et cetera. I think we're probably getting pretty
Speaker 3: close to that. I'm not sure we're there. We're about
Speaker 3: fifteen million barrels. We're pretty close, though. I think energy
Speaker 3: prices come down as we squeeze around and strangle them economically.
Speaker 3: So yeah, it's an issue, but it's not it's I
Speaker 3: don't think it's the killer issue. I mean, I think
Speaker 3: if the GOP makes the case as they must how
Speaker 3: good the economy is, and their messaging has not been fabulous.
Speaker 3: I'll grant you that. But if they you're in a
Speaker 3: manufacturing boom right now. You're in a construction boom right now.
Speaker 3: We're creating one hundred thousand jobs this year alone in manufacturing.
Speaker 3: You're in an ai boom right now. We haven't seen
Speaker 3: numbers like this in a long time. Business and that
Speaker 3: men so called business capex is absolutely booming, and the
Speaker 3: sock market's booming. So if the case is made, the GOP,
Speaker 3: I think, is in much better shape. They're running in
Speaker 3: the good polls, the likely voter polls. Our friend John McLaughlan,
Speaker 3: I'm sure you know John I and brother Jim, and
Speaker 3: they're showing the Republicans are about even with the Democrats
Speaker 3: and the generic ballot, which is a good place for
Speaker 3: Republicans to see at this point three months at great
Speaker 3: So you know Mandamie and l Sayed and all these
Speaker 3: crazy people Flanagan and Minnesota. We had Michelle Tafoya on
Speaker 3: last night. She's fabulous, she's gonna win. GOP is going
Speaker 3: to take the Senate minimum Okay, House, I'll say the
Speaker 3: House is up for grabs, right now, But let's see
Speaker 3: how this plays out.
Speaker 1: Mom.
Speaker 2: Michelle Tafoyer was a frequent guest of mine when I
Speaker 2: did sports talk radio many years ago. She was a
Speaker 2: sideline reporter and great now she's doing big things in Minnesota.
Speaker 2: This is the amazing Larry Cudlows Saturdays right here on
Speaker 2: WABC and Box Business every day.
Speaker 4: You can't miss him.
Speaker 1: I want to talk about the state move away from
Speaker 1: the federal government.
Speaker 3: We know, jee horse, I'm sorry, my little horse. This
Speaker 3: is a crack of dawn from me.
Speaker 1: Thank you.
Speaker 2: No, you sound great, and I know you're getting up
Speaker 2: early for me, and I appreciate that, lowry, but it
Speaker 2: do sound great. As I said, I'll be out there
Speaker 2: today with Bruce Blakeman Nassau County, the president that's coming
Speaker 2: in and he's going to talk more about safety and
Speaker 2: law and order, not the economy today. But Bruce Blakeman
Speaker 2: is in a real good spot here. When you look
Speaker 2: at the economy here in this state and how much
Speaker 2: this budget is more than Florida and Texas combined, that
Speaker 2: doesn't make any sense.
Speaker 4: I'm sorry.
Speaker 2: All the energy they could be doing here in New
Speaker 2: York and instead they buy it from a state like Pennsylvania.
Speaker 2: So just from a money jobs job, I mean what
Speaker 2: they've done in upstate New York, Lowry, Andrew Cuomo, this
Speaker 2: one hocal, all those cities, Rochester, Bingham, team you were
Speaker 2: to call Syracuse, Albany, they've left them behind. These people
Speaker 2: are drug addled, no jobs. The I mean, the northern
Speaker 2: part of the state is an absolute mess, seems to
Speaker 2: me from an economy standpoint. Bruce Blateman, he's got a
Speaker 2: pretty good argument.
Speaker 3: Yes, yeah, he's got a very good argument. And he's
Speaker 3: a very smart guy. I know him well. You know
Speaker 3: the tragedy in New York with high energy and electricity prices,
Speaker 3: this was Andrew CMO's doing. And you know, locals continued
Speaker 3: that because you wouldn't let us drill. You wouldn't let
Speaker 3: us drill. We're on the Marcella's shale. So over in
Speaker 3: Pennsylvania they're having an economic boom. And in New York,
Speaker 3: as you say, on the western part of the state,
Speaker 3: it's like I call it East Berlin and West Berlin. Okay,
Speaker 3: East Berlin is New York, yep. That was the Communist
Speaker 3: a terrible.
Speaker 5: To me.
Speaker 3: In West Berlin is Pennsylvania, where it's booming, absolutely booming,
Speaker 3: and Bruce wants to change that and open it up
Speaker 3: the fuels as you should. And Hoko also is being
Speaker 3: incredibly stupid over the data centers. Data centers which are
Speaker 3: safe and they know how to circulate their own water
Speaker 3: and their own power, whatever the power source is. Data
Speaker 3: centers have become great job creators and the rest of
Speaker 3: the country. If you go down to Loudon County in Virginia,
Speaker 3: for example, which is not too far outside of Washington,
Speaker 3: d C. Data centers have done so well. Jobs are
Speaker 3: flogging in, incomes going up, revenues are going up, and
Speaker 3: they cut the property tax from job centers. New York
Speaker 3: State has extremely high property taxes. Down south. There's a
Speaker 3: story running around one of the parishes in Louisiana that
Speaker 3: uses data centers. They gave all the tea fifty five
Speaker 3: thousand dollars bonus. Okay, so this is another This is
Speaker 3: like possible fuels. She's cutting off a tremendous source of
Speaker 3: economic growth. And by the way, you don't want to
Speaker 3: stop the AI revolution. It's transforming the whole country. It's
Speaker 3: the most important high tech invention since railroads one hundred
Speaker 3: and fifty years ago, and she wants to stop it. Okay,
Speaker 3: it's just wonderful stuff. Why does she want to stop it?
Speaker 3: Because the Mandami socialists in New York are all opposed
Speaker 3: to it. Why are they opposed to it? Because they
Speaker 3: want to control it. They want to run the whole economy.
Speaker 3: The Bolsheviks insists on controlling everything while they're not. While
Speaker 3: they want to reopen the border, defund the police, defund
Speaker 3: the ice, and eliminate the US Senate. So it's a
Speaker 3: wonderful thing. She can't she can't contain Mandami, and Mandami
Speaker 3: is a thiasco. That his whole administration so far is
Speaker 3: a fiasco. It's only how long has he been there?
Speaker 3: Six months? Eight months? I mean all everything he's done
Speaker 3: has turned the stone, including of course the Pierre Terre story,
Speaker 3: which is for him, the tip of the sphere, when
Speaker 3: nine hundred thousand people were listed and most of them
Speaker 3: are full time residents in New York. Fiasco.
Speaker 4: I know, Thank God for Randy mashall out there fighting
Speaker 4: for us every day.
Speaker 3: You know what, Blakeman runs again. He runs against he
Speaker 3: runs against Hochel, and he runs against Mundomi. Right, and
Speaker 3: of course the incredibly rampant anti Semitism that's running through
Speaker 3: the city. So I think he has a very good chance.
Speaker 3: He needs a good tax cut plan, a little bit
Speaker 3: of a better tax cut plan. He will try to
Speaker 3: lower taxes and needs a little more specific so on
Speaker 3: that plan.
Speaker 4: I could tell you this.
Speaker 2: He never raised taxes once now as county executive in
Speaker 2: Nashville County five years, never once raised taxes.
Speaker 1: You are a the best.
Speaker 2: I love you, Lorry Cudlow. All right, we'll get up
Speaker 2: on you this morning. But you sounded great. The information
Speaker 2: was great, and I love you.
Speaker 3: You know that six million people in the stock market
Speaker 3: you think they're happy with record after record at the record,
Speaker 3: I think they're very happy.
Speaker 2: Me too, one hundred and fifty six million, and I'm
Speaker 2: happy you're on this morning, Lowrycudlough.
Speaker 1: Thank you so much. I have a great weekend, my man,
Speaker 1: Larry Kudlow right there. I love that guy.
Speaker 2: One hundred and fifty six million people in the stock market.
Speaker 2: You think they're happy.
Speaker 1: I think they are.
Speaker 5: Thanks for listening to Sit in Friends in the Morning.
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