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Larry Kudlow | WABC Radio Host Speaks on All Things Economics · Sid & Friends In The Morning

• 0:00
  Speaker 1: My next guest.
• 0:01
  Speaker 2: Nice change of pace. Could you imagine if they asked
• 0:04
  Speaker 2: me about mom Donnie? I already got thrown off a
• 0:07
  Speaker 2: Fox for calling him a terrorist. Uh. Cudlow is amazing.
• 0:11
  Speaker 2: He's on the station every Saturday afternoon. He's on Fox
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  Speaker 2: Business every day. He's a legitimate legend. They don't come smarter,
• 0:18
  Speaker 2: They really don't. Larry Good Friday Morning, Buddy Hawaii.
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  Speaker 3: Good said, are you I'm fantastic.
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  Speaker 1: I'm not going to ask you to comment on what
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  Speaker 1: Curtis had.
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  Speaker 4: Because I think you still like him, and if you do,
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  Speaker 4: that sets up to you. That's fine.
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  Speaker 2: But would you say that, Ma'm Donnie's a nice change
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  Speaker 2: of pace?
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  Speaker 4: I mean, Larry, come on, I mean the guys that
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  Speaker 4: the city is.
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  Speaker 1: Everybody's leaving.
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  Speaker 2: I mean, there's lawsuits everywhere, there's there's still plenty of crime.
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  Speaker 2: I love this city. I moved back here from Florida.
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  Speaker 2: But what about Mam Donnie is nice?
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  Speaker 3: Yeah? I change the pic. That's what That's what. That's
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  Speaker 3: what Bazaar said. When the Bolsheviks came out.
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  Speaker 2: Well, you know, listen, there was there was there was
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  Speaker 2: a girl here before him, and it's no wonder.
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  Speaker 1: They're great buddies.
• 1:17
  Speaker 2: They danced together on floats at the Puerto Rican Day Parade.
• 1:21
  Speaker 2: They're great puddies. And her name is alexandriro or Cassio Cortes.
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  Speaker 2: Bo't number one is I know you call her that.
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  Speaker 2: But this girl maybe very well seriously on her way
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  Speaker 2: to be the Democrats choice for president in a couple
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  Speaker 2: of years. Well how about that, Larry.
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  Speaker 3: And all things are possible. But you know, in a way,
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  Speaker 3: the the Bolsheviks had a lousy week this past week,
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  Speaker 3: right the ham Laws and else I has run for
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  Speaker 3: the hills. He won by a cat's whisker. We're still
• 2:00
  Speaker 3: going to have Thanksgiving in Wisconsin because Hong, Wow, it's
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  Speaker 3: very hard for me to believe. I mean, the Democratic
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  Speaker 3: Party is in a lot of trouble. So it's a
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  Speaker 3: gift to the Republican Party if the Republicans take, you know,
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  Speaker 3: if they take take it seriously, and I think they
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  Speaker 3: probably will, so we'll see. But Americans don't like socialism.
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  Speaker 3: I mean, they don't like socialism, they don't like communism.
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  Speaker 3: Polls show that now the Democratic Party has got a
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  Speaker 3: different problem because they've let the socialists creep in and
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  Speaker 3: kind of take the agenda, right, This is the Bernie
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  Speaker 3: Sanders agenda going back several years. And so the AOC's
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  Speaker 3: of the world and the Elsies of the world, they
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  Speaker 3: got a problem because no one wants to stand up
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  Speaker 3: to it. Nobody wants to stand up to the anti
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  Speaker 3: semitism in the Democratic Party. A few, a few, John
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  Speaker 3: Fetterman being there very important exception to that. But I
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  Speaker 3: would say it's a Democratic Party problem. It's not a
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  Speaker 3: Republican problem, and it's not going to be an American problem.
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  Speaker 3: And by the way, if it matters, the economy is
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  Speaker 3: doing very well with mister Trump at the helm. His
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  Speaker 3: free enterprise capitalism is working. And by the way, the
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  Speaker 3: stock market is doing very well. And we talked last
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  Speaker 3: night on the TV show. You know, there's one hundred
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  Speaker 3: and fifty six million Americans, said, one hundred and fifty
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  Speaker 3: six million American adults who are in in the S
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  Speaker 3: and P five hundred, okay, or in the stock market
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  Speaker 3: one way or another, you know, through the indexes, through ETFs,
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  Speaker 3: through iras, through brokerage accounts, through bank accounts. It's only
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  Speaker 3: about one hundred sees, about one hundred and sixty one
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  Speaker 3: or one hundred and sixty two million people who were
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  Speaker 3: working at the size of the labor force, so almost
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  Speaker 3: every working person is in the stock market, and the
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  Speaker 3: stock market is making new highs. So that's a tremendous
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  Speaker 3: underrated factor in the elections coming up.
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  Speaker 1: And though then, well that's great, that's great.
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  Speaker 2: And look, you don't gonna sell me.
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  Speaker 3: Media won't talk, they won't tell.
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  Speaker 1: I know they won't.
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  Speaker 2: And uh, you know, of course, I'm going to see
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  Speaker 2: President Trump this afternoon with Bruce Blakeman in Nassau County,
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  Speaker 2: and I can't wait to see our friend.
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  Speaker 1: So you gotta tell me. I know he's doing a
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  Speaker 1: great job.
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  Speaker 2: I know there are some positives in the economy, but
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  Speaker 2: the two negatives that the detractors keep talking about, Larry
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  Speaker 2: are inflation and interest rates.
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  Speaker 4: They say it's too high. Still, what are your thoughts.
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  Speaker 3: Well, I don't know that rates are too high. I mean,
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  Speaker 3: maybe they are a little on the high side, not much.
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  Speaker 3: Not stopping job creation, and it's not stopping investment. We're
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  Speaker 3: in an investment boom. We're in a manufacturing boom. And
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  Speaker 3: as far as the inflation rate come is concerned, it's
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  Speaker 3: coming down. It's coming down. You just had a CPI
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  Speaker 3: two straight months flatted down. You're you know, the inflation
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  Speaker 3: rate is running about two and a half percent, so
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  Speaker 3: the FED target is two. It's coming down nicely under
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  Speaker 3: Kevin warsh our new FED, our new FED chairman. So
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  Speaker 3: is it a problem? Is affordability a problem? I think
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  Speaker 3: the tip of that sphere is still gasoline, which is,
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  Speaker 3: let me go, I'm going to give you a reading.
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  Speaker 3: Four dollars and eight cents now. Under Biden it got
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  Speaker 3: to about five and a half bucks, but a year
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  Speaker 3: ago it was about three three and a quarter. So
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  Speaker 3: you know, gasoline pests energy have Jerry chris Wright was
• 6:02
  Speaker 3: saying yesterday we can probably get our twenty million barrels
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  Speaker 3: of oil out of the Arabian Gulf from the straight
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  Speaker 3: of hormones, et cetera. I think we're probably getting pretty
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  Speaker 3: close to that. I'm not sure we're there. We're about
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  Speaker 3: fifteen million barrels. We're pretty close, though. I think energy
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  Speaker 3: prices come down as we squeeze around and strangle them economically.
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  Speaker 3: So yeah, it's an issue, but it's not it's I
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  Speaker 3: don't think it's the killer issue. I mean, I think
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  Speaker 3: if the GOP makes the case as they must how
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  Speaker 3: good the economy is, and their messaging has not been fabulous.
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  Speaker 3: I'll grant you that. But if they you're in a
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  Speaker 3: manufacturing boom right now. You're in a construction boom right now.
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  Speaker 3: We're creating one hundred thousand jobs this year alone in manufacturing.
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  Speaker 3: You're in an ai boom right now. We haven't seen
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  Speaker 3: numbers like this in a long time. Business and that
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  Speaker 3: men so called business capex is absolutely booming, and the
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  Speaker 3: sock market's booming. So if the case is made, the GOP,
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  Speaker 3: I think, is in much better shape. They're running in
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  Speaker 3: the good polls, the likely voter polls. Our friend John McLaughlan,
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  Speaker 3: I'm sure you know John I and brother Jim, and
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  Speaker 3: they're showing the Republicans are about even with the Democrats
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  Speaker 3: and the generic ballot, which is a good place for
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  Speaker 3: Republicans to see at this point three months at great
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  Speaker 3: So you know Mandamie and l Sayed and all these
• 7:34
  Speaker 3: crazy people Flanagan and Minnesota. We had Michelle Tafoya on
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  Speaker 3: last night. She's fabulous, she's gonna win. GOP is going
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  Speaker 3: to take the Senate minimum Okay, House, I'll say the
• 7:47
  Speaker 3: House is up for grabs, right now, But let's see
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  Speaker 3: how this plays out.
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  Speaker 1: Mom.
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  Speaker 2: Michelle Tafoyer was a frequent guest of mine when I
• 7:54
  Speaker 2: did sports talk radio many years ago. She was a
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  Speaker 2: sideline reporter and great now she's doing big things in Minnesota.
• 8:00
  Speaker 2: This is the amazing Larry Cudlows Saturdays right here on
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  Speaker 2: WABC and Box Business every day.
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  Speaker 4: You can't miss him.
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  Speaker 1: I want to talk about the state move away from
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  Speaker 1: the federal government.
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  Speaker 3: We know, jee horse, I'm sorry, my little horse. This
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  Speaker 3: is a crack of dawn from me.
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  Speaker 1: Thank you.
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  Speaker 2: No, you sound great, and I know you're getting up
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  Speaker 2: early for me, and I appreciate that, lowry, but it
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  Speaker 2: do sound great. As I said, I'll be out there
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  Speaker 2: today with Bruce Blakeman Nassau County, the president that's coming
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  Speaker 2: in and he's going to talk more about safety and
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  Speaker 2: law and order, not the economy today. But Bruce Blakeman
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  Speaker 2: is in a real good spot here. When you look
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  Speaker 2: at the economy here in this state and how much
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  Speaker 2: this budget is more than Florida and Texas combined, that
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  Speaker 2: doesn't make any sense.
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  Speaker 4: I'm sorry.
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  Speaker 2: All the energy they could be doing here in New
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  Speaker 2: York and instead they buy it from a state like Pennsylvania.
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  Speaker 2: So just from a money jobs job, I mean what
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  Speaker 2: they've done in upstate New York, Lowry, Andrew Cuomo, this
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  Speaker 2: one hocal, all those cities, Rochester, Bingham, team you were
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  Speaker 2: to call Syracuse, Albany, they've left them behind. These people
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  Speaker 2: are drug addled, no jobs. The I mean, the northern
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  Speaker 2: part of the state is an absolute mess, seems to
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  Speaker 2: me from an economy standpoint. Bruce Blateman, he's got a
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  Speaker 2: pretty good argument.
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  Speaker 3: Yes, yeah, he's got a very good argument. And he's
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  Speaker 3: a very smart guy. I know him well. You know
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  Speaker 3: the tragedy in New York with high energy and electricity prices,
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  Speaker 3: this was Andrew CMO's doing. And you know, locals continued
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  Speaker 3: that because you wouldn't let us drill. You wouldn't let
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  Speaker 3: us drill. We're on the Marcella's shale. So over in
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  Speaker 3: Pennsylvania they're having an economic boom. And in New York,
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  Speaker 3: as you say, on the western part of the state,
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  Speaker 3: it's like I call it East Berlin and West Berlin. Okay,
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  Speaker 3: East Berlin is New York, yep. That was the Communist
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  Speaker 3: a terrible.
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  Speaker 5: To me.
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  Speaker 3: In West Berlin is Pennsylvania, where it's booming, absolutely booming,
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  Speaker 3: and Bruce wants to change that and open it up
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  Speaker 3: the fuels as you should. And Hoko also is being
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  Speaker 3: incredibly stupid over the data centers. Data centers which are
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  Speaker 3: safe and they know how to circulate their own water
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  Speaker 3: and their own power, whatever the power source is. Data
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  Speaker 3: centers have become great job creators and the rest of
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  Speaker 3: the country. If you go down to Loudon County in Virginia,
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  Speaker 3: for example, which is not too far outside of Washington,
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  Speaker 3: d C. Data centers have done so well. Jobs are
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  Speaker 3: flogging in, incomes going up, revenues are going up, and
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  Speaker 3: they cut the property tax from job centers. New York
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  Speaker 3: State has extremely high property taxes. Down south. There's a
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  Speaker 3: story running around one of the parishes in Louisiana that
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  Speaker 3: uses data centers. They gave all the tea fifty five
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  Speaker 3: thousand dollars bonus. Okay, so this is another This is
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  Speaker 3: like possible fuels. She's cutting off a tremendous source of
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  Speaker 3: economic growth. And by the way, you don't want to
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  Speaker 3: stop the AI revolution. It's transforming the whole country. It's
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  Speaker 3: the most important high tech invention since railroads one hundred
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  Speaker 3: and fifty years ago, and she wants to stop it. Okay,
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  Speaker 3: it's just wonderful stuff. Why does she want to stop it?
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  Speaker 3: Because the Mandami socialists in New York are all opposed
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  Speaker 3: to it. Why are they opposed to it? Because they
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  Speaker 3: want to control it. They want to run the whole economy.
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  Speaker 3: The Bolsheviks insists on controlling everything while they're not. While
• 11:44
  Speaker 3: they want to reopen the border, defund the police, defund
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  Speaker 3: the ice, and eliminate the US Senate. So it's a
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  Speaker 3: wonderful thing. She can't she can't contain Mandami, and Mandami
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  Speaker 3: is a thiasco. That his whole administration so far is
• 12:03
  Speaker 3: a fiasco. It's only how long has he been there?
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  Speaker 3: Six months? Eight months? I mean all everything he's done
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  Speaker 3: has turned the stone, including of course the Pierre Terre story,
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  Speaker 3: which is for him, the tip of the sphere, when
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  Speaker 3: nine hundred thousand people were listed and most of them
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  Speaker 3: are full time residents in New York. Fiasco.
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  Speaker 4: I know, Thank God for Randy mashall out there fighting
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  Speaker 4: for us every day.
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  Speaker 3: You know what, Blakeman runs again. He runs against he
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  Speaker 3: runs against Hochel, and he runs against Mundomi. Right, and
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  Speaker 3: of course the incredibly rampant anti Semitism that's running through
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  Speaker 3: the city. So I think he has a very good chance.
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  Speaker 3: He needs a good tax cut plan, a little bit
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  Speaker 3: of a better tax cut plan. He will try to
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  Speaker 3: lower taxes and needs a little more specific so on
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  Speaker 3: that plan.
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  Speaker 4: I could tell you this.
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  Speaker 2: He never raised taxes once now as county executive in
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  Speaker 2: Nashville County five years, never once raised taxes.
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  Speaker 1: You are a the best.
• 13:00
  Speaker 2: I love you, Lorry Cudlow. All right, we'll get up
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  Speaker 2: on you this morning. But you sounded great. The information
• 13:04
  Speaker 2: was great, and I love you.
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  Speaker 3: You know that six million people in the stock market
• 13:09
  Speaker 3: you think they're happy with record after record at the record,
• 13:12
  Speaker 3: I think they're very happy.
• 13:14
  Speaker 2: Me too, one hundred and fifty six million, and I'm
• 13:16
  Speaker 2: happy you're on this morning, Lowrycudlough.
• 13:18
  Speaker 1: Thank you so much. I have a great weekend, my man,
• 13:20
  Speaker 1: Larry Kudlow right there. I love that guy.
• 13:23
  Speaker 2: One hundred and fifty six million people in the stock market.
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  Speaker 2: You think they're happy.
• 13:27
  Speaker 1: I think they are.
• 13:28
  Speaker 5: Thanks for listening to Sit in Friends in the Morning.
• 13:31
  Speaker 5: You can hear Sit and Friends in the Morning weekday
• 13:34
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• 13:37
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• 13:44
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• 13:46
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  Speaker 6: and X see you next time for a new episode,
• 13:55
  Speaker 6: so you never have to wonder what the heck is
• 13:58
  Speaker 4: Going on here