It's time to take the quiz. Five questions, five minutes a day, five days a week. Take the quiz every weekday at the quiz dot Fox, and then listen to the quiz podcast to find out how you did. Clay, Cher, and of course, listen to the quiz at the quiz dot Fox. Hello, folks. Welcome to Cudlow. I'm Larry Cudlow. So Joe Biden, Donald Trump, getting ready to square off tomorrow night, CNN presidential debate. The whole world is watching and speculating and opining. Congressman Jim Jordan is going to be here in a little while. He'll talk about that in much more in a couple of minutes. But first up, Fox News senior White House correspondent, Jackie Heinrich. She's got the latest from both camps. Jackie, what's cooking? Well, Larry, it's been six days now. Since we've seen the president, he's hunkered down at Camp David with 16 of his closest advisors. Reportedly, Ron Clay and his former chief of staff is taking a lead role, helping him prep for that debate, which is happening in a converted airplane hanger and movie theater that's been turned into a makeshift debate stage, according to The New York Times. According to that report, the formal mock debates have begun. And the Trump campaign thinks that people should be outraged by all of this. I don't think that this is getting enough attention in the media, how Biden is elevating the bar for himself by taking an entire week off. I'm sure that the families of Lake and Riley or Rachel Morin probably don't like the Joe Biden is taking a week off to get ready for debate. How do you take a week off like that when you're the leader of the free world? In that press call yesterday, the Trump campaign said they do expect Biden to be ready, saying his muscle memory will kick in after 50 years in politics. But they also said he'll be, quote, probably filled with Adderall, like at the State of the Union. And they also predicted interference from CNN's moderators. Team Biden says that's a sign that they're nervous. I worked on Hillary Clinton's campaign. She also debated him very effectively. He accused her of being on drugs. President Biden defeated Donald Trump twice in previous debates. This is what he does because he doesn't have anything else to run on. He doesn't have a plan. Now, the former president is rejecting formal preparations, opting and said to hold policy discussions out on the campaign trail. And according to reports, Biden's team has studied Trump's recent comments to see what gets under his skin the most in hopes of trying to trigger him tomorrow night. The Biden campaign has been broadly leaning into this messaging that Trump is a convicted felon. But if they use any of those lines tomorrow night, it could draw a personal counterpunch because Hunter Biden shares that same title. And it was just yesterday that his law license was suspended in Washington DC after his guilty verdict on those gun charges, Larry. Jackie, I love the muscle memory. That was the best part, the muscle memory. That is completely awesome news reporting. Thank you ever so much. All right, in the economic debate, individual freedom always beats government's central planners, and that's the subject of the rift. So why is it that so many economists still believe that if government spends your money, it's okay. But if you keep more of your money through tax cuts, it's not okay. Let's take inflation. A group of 16 Nobel Prize winning economists signed a letter yesterday endorsing Joe Biden, basically 'cause they think Donald Trump's tax cuts will increase inflation. All right, now these are Nobel Prize winners. Trump tax cuts inflationary, but Biden's enormous spending and borrowing is somehow not inflationary. Get it? Of course you don't get it. Most of the Nobelists are liberal, left-of-center Democrats, you know. Here we go again. Anyway, here's Ronald Reagan, 40 plus years ago talking about the very same thing. Take a listen. They never answer one question that I keep asking and you've probably heard me ask it. Why is it inflationary if the people keep their own money and spend it the way they want to, and is not inflationary if the government takes it and spends it the way it wants to? I just think that's fabulous. And by the way, I think it's very likely Donald Trump will ask that very same question of Joe Biden in tomorrow's debate. And I hope Mr. Trump asked Biden directly in the debate whether he'd support, he Biden would support the Trump plan for tax-free tips for all those waitresses and made-or-dees, golf caddies, Uber drivers and the millions of others in the gig economy that rely on tips. Let's see if Trump can smoke Mr. Biden out early. But then, back to the foolishness of the 16 Nobel Economists. When Donald Trump was president, he cut taxes, opened the fossil fuel spigots, rolled back business, red tape regulations, and the inflation rate for his whole term was, wait for it, 1.9% at an annual rate for four years. Joe Biden, on the other hand, has been a huge federal spender, a tax hiker, an anti-business regulator, waging war on fossil fuels, and his inflation rate, hang on a second, 6% at an annual rate. That's three times Trump's pace. So, if Trump is pledging to essentially repeat his first-term policies, why is inflation suddenly gonna ratchet up? On the other hand, when Joe Biden intends to deepen his first-term policies, why do we suddenly think inflation's gonna come down? We've had a laboratory tests on two different economic policies, with two different inflation outcomes, and yet all these eminent and nobleists want to ignore the plain facts. Why is this? Well, one reason is that liberals believe in the power of big government. Conservatives believe in the power of the individual. Liberals believe in the power of regulation, while conservatives believe in the power of free markets. And finally, liberals love the idea of redistribution, which we used to call taking from Peter to give to Paul. Conservatives believe in rewarding success by what we're used to call growing the economic pie. larger. So, and tomorrow night CNN presidential debate voters are gonna see two very different economic philosophies. But, you know what? You can't have two completely different set of factoids. The facts are on Mr. Trump's side. The Nobel Prize winners are totally wrong. I believe economic freedom always wins while economic collectivism and central planning always loses. There you go, that's tonight's riff. Joining me now is a fellow free marketeer. We bring back Ohio Congressman Jim Jordan, who among many other things is chair of the House Judiciary Committee, Mr. Jordan. Mr. Jordan, why is it that all these fancy eminent economists, they think if you get to keep more of your own money through tax cuts, that's bad. But if government spends your money, that's always good. Why is that, Jim Jordan? You and I have been around forever. And it's the same song, always. Yeah, same song, it never works. But they think that because they think they're smarter than us. Regular hillbillies and flyover country. The disdain they have for the folks. Remember Peter Strzok when he's in that, the Northern Virginia Walmart store, and he says, "I can smell the Trump supporters." That's what they think about regular Americans in the heartland. But regular Americans, as you point out, Larry, know how to spend their money a lot better than the bureaucrats in DC or, in fact, in their state capital. So that's just a fundamental principle. I think tomorrow night, President Trump, as you said, is going to make that point clear, because I think he's going to talk about his record. In three and a half years, we have literally went from a secure border to no border, safe streets to record crime, $2 gas, the $4 gas, stable prices to record inflation, all in the time Joe Biden's been present. He's going to talk about that, and that connects with the American people. Well, you know, Jim Jordan, I mean, here's the thing. It's okay, we have different debates. Everyone's got an opinion, that's fine. But you can't have your own factoids, that's the thing. And the thing that struck me is so absurd is all these Nobel Prize winners fellas like look at what the facts were. The Trump program, 1.9% inflation, at an annual rate for four years, Joe Biden's spending program, 6% inflation for three and a half years, basically three times the inflation rate. I mean, these guys are Nobel Prize winners. They're supposed to understand numbers and factoids. You can't have your own factoids. I'm sorry, you can have your own opinion, but you can't have your own facts. - Can't have your own facts. And those good policies that you were a part of putting together in the Trump administration made it so that everyone's real wages were up for every demographic across our population. That's why you're seeing black Americans say we're gonna, we're gonna be more and more than we're gonna vote for President Trump. Hispanic Americans on the border saying, we like the economic policies of Larry Cutlow and President Trump. We like those, we like to secure border. We're gonna vote for President Trump. That's why you see this move in President Trump up in every single poll. And I think it's also this fundamental point. No president, certainly in my lifetime, did more of what they said they were gonna do than President Trump did. Said he cut taxes, he did. Said he reduced regulations, he did. Said he build the wall, he did and secure the border. Said he put conservatives on the court. Said he put the embassy in Jerusalem on and on, it goes. And those things, when you do what you say, people appreciate that, they remember that. And I think that's gonna be a key factor on November 5th and certainly tomorrow night. Well, I got a great headline for you, I'm sure you saw it. Washington Post poll, Donald Trump stronger than Joe Biden on protecting democracy by 44 to 38%. No, 44 to 33% is what this is. So, now that's very interesting because Mr. Biden says he's gonna run on democracy. We're gonna talk about January 6th and this and that. But oh, wait a minute, Mr. Biden tried to keep Trump off the ballot in a couple of states. Mr. Biden, his law fair doesn't seem to be working. I mean, don't you find it interesting, ironic that the Washington Post poll, Washington Post, of course, which basically nobody reads anymore, they're going bankrupt, but that's a different segment. The point is people trust Trump more on democracy. So that's gonna come in tomorrow night. No, it sure is because it's what, it's the law fair. It's these ridiculous attacks in these cases against President Trump. It's the 14th amendment issue. I mean, the Democrats said the best way to beat President Trump is to not let him play the game, to not let him run at all. They tried that. Thank goodness the Supreme Court said nine to zero that that's garbage. And then of course you have what we just, we brought us to put out a report yesterday where these 51 intel officials that signed this statement saying the laptop was rushing an information operation. When they knew it wasn't, our government had the laptop for a year and we learned three new facts. We learned that the top people at the CIA reviewed the statement. We know that agents were saying we shouldn't do this. This is political, this is a bad look for the CIA. And we know that some of the people who signed it were actually on contract at the CIA when they did. And they did this 15 days before a presidential election to mislead the American people. So what happens? I mean, it's possible that Hunter Biden's laptop computer will come into play into Marnite's debate. I mean, if Joe Biden starts slinging mud back and forth, I'm sure Mr. Trump will raise that point. Hunter himself has a convicted thumb. So what happened? Biden lied about it in 2020. He just flat out a lot about it. And you're just saying, here's another study from your Judiciary Committee that shows that the CIA people, some of whom were still on the payroll as contractors, you know, created this, I'll say, little white lie, although it was a national security lie. Yeah, including the guy who put it all together, Mike Morelle, he's one of the guys who was on contract at the time, and he wanted to do this for obvious political reasons. He said that, he said, we want this so President Biden can use this in the debate against President Trump. So and it worked just like they said. So he was doing for political reasons and because he wanted to be the CIA director in a Biden administration. That's how bad it was. But again, the American people see through it. Tomorrow night, I think President Trump should focus on his record. If he does that, I think that's what to run because he did more of what he said than any President I've ever seen. Yeah, bet on it. He knows it too, sir. He knows it too. Mr. Jim Jordan, Chairman of the Judiciary Committee, old friend, thank you very much for coming back on. We appreciate it. All right, folks, don't forget to tune in Fox News simulcast of the CNN presidential debate. That'll be tomorrow night at 9 p.m. Eastern. Coming up here, Trump's policies kept inflation under 2% in his first term. Why would those same policies cause inflation to surge? All right, I mean, this is too bizarre. We will ask Steve Forbes and Kevin Hassett, who are smarter than the 16 Nobel Prize winners. Remember, folks, you can catch Cutlow. Monday through Friday, 4 p.m. Right here, Fox Business. For some reason you can't make it at four, please. Text your favorite nine-year-old. And she will show you how to DVR the show. And you will never miss a single free market tax cut ever. I promise you, you'll be right back. [MUSIC PLAYING] Fox Business reporters are covering the biggest stories. Homes are going to continue to cost us a pretty penny. We are going to need more power in the US. Asking the tough questions. Why do you think the president took so long to do something? How long would you be OK, then, with a 3% overall inflation? Breaking down business news headlines. That's all part of launching an EV offensive. This race to commercial supersonic flight. We are in a classroom that teaches nothing, but financial literacy. Fox Business, invested in you. [MUSIC PLAYING] I'm Bill Hemmer. I'll be at the map watching the votes come in. On election night. I think being at the map is the best job around, because you get the information before everybody else. So when the votes are coming in and you start to see trends and you pick out, well, how and night is possibly turning out, I think that's the height of excitement. And on election night, it might be the best job in America. I like to start at the end. I do it with speeches. I did it in the courtroom, and I've tried to do it with life. Start at the end. What do we want to see? And how can we navigate our way toward that desired ending with the decisions we make? Joining us now is co-host of America's Newsroom, and the five, and someone who has made some significant decisions in our own life. But one of my favorite people in the world, Dana Perino, you and I have discussed the end before. For me, it's a funeral, and hoping that my wife doesn't bring a date to my funeral. For you, it's more like a retirement party, because you're less more abundant than I am. What is the value of trying to catch a glimpse of the end before the end? Well, I've actually liked your construct a lot, because I think that is good for your overall life. And the way that you talk about it and start, stay, or leave is excellent. The reason I talked about the retirement parties, I remember going to one, where this man was so shocked to hear from all of these people that he had helped throughout his 50-year career, he had no idea the impact that he had had on them. And I just thought, you know, if you're going to be somebody who has a career, who likes to mentor other people, you might not even realize the kind of impact you have. And in the book, you talk about a woman named Frankie, a Walmart greeter that you saw for many years, and how many people she touched in her life. And imagine what her retirement party would have been like. She was a greeter at Walmart, so you never know who's going to impact your life, which is why it's pretty good, I'd be nice to everybody. All right, before I let you go, my motto in life is what's the worst thing that can happen? I think you had a boss that'd ask you that one time, maybe a well-known boss that'd ask you that one time. So when I was reading the book in the chapter that's called What's the Worst That Could Happen, I thought, oh my gosh, George W. Bush, in the post-presidency, I was working at a big PR firm, I didn't love it. He said, why don't you start your own? I had a hundred reasons why I would fail. And he said, yeah, I'm not persuaded by any of that. And he made me sit down and tell him, what was the worst thing that would happen to me if I started my own business and I failed? And when the answer was, well then I guess I go back and work for a different PR firm, he said exactly. Here's the thing, I'm lucky to have a lot of friends. I'm fortunate to have good relationships like the one I have with you. I have had a good relationship with my husband, my bosses, my friends. I intend to take the lessons I learned and start, stay, or leave and really start thinking about it. When you talk about the pyramid, the ladder, the mirror, this advice is so memorable. I know it will help so many people and I can't wait for people to read it. (upbeat music) (upbeat music) - This is Fox Extra, hello and thank you very much to our fans watching in Canada on Rogers. For the latest business headlines, check us out online at foxbusiness.com. (upbeat music) Wherever you are, whenever you want it, Fox News Digital is the world according to Fox. The top headlines, other sites won't touch. Unmatched coverage, you won't get anywhere else. And the stories that keep America clicking. No one does it like foxnews.com. Plus download the Fox News app to get breaking news, alerts and all your favorite shows on the go. And if you can't watch, listen. - The Will Came Podcast on Fox News Podcast. - I'm Brett Bear. - I'm Dana Perrino and this is the Fox News rundown. Fox News Digital, the world according to Fox. (upbeat music) - All right, I want to revisit this issue. Why are tax cuts always bad? And government spending is always good. Okay, why do Nobel Prize winners believe that nonsense? Joining us now talk about it's Steve Forbes, Forbes Media Chairman, Editor-in-Chief, and Kevin has it, former Council of Economic Advisors Chair. Gentlemen, welcome. Kevin, you're kind of the farthest away. It's like the same old stuff, you know? I mean, I don't want to get into personalities. It's really about the economic principles. But as Ronald Reagan said, we played the clip earlier in the show over 40 years ago. Why is it that if you get to keep more of your own money, that's bad, who tax cuts. But if they spend your money, if government spend your money, that's always good. In this day, and how can people still believe that nonsense? - Yeah, I don't know what's going on with these guys. But you have to remember that the Nobel Prize is itself a partisan thing. That if you want to get a Nobel Prize in economics, you have to write a paper that says that markets don't work, supplies and economics doesn't work. And if you do that, like Bob Schiller, Mr. Irrational Exuberance with the Dow was at 5,000. So these guys are partisans right now. Some of them are my friends. The thing that I would say, though, that's disappointing as an economist, is, okay, we got all these great brains in one room. Why don't they write a model down that shows me where they get their effects from? Why don't they actually say, okay, well, here's what the policies are, and here's what the effects of the policies are, and then we could sort of unwrap it and think about it. But instead, they just sell. We're supposed to listen to them 'cause they're smarter than us. And I think that's someplace that they really shouldn't have gone. - So, you know, Steve, Steve, for the other thing is, I mean, there are facts in this debate. You wouldn't know it. They don't cite facts. I read the letter. So Trump's basically saying, I'm gonna reprise my policies of the first term. There may be some bells and whistles, but fundamentally, I'm gonna cut taxes. I'm gonna reopen the spigots and so forth. And Biden, presumably, is gonna raise taxes and keep on spending. So you had data, okay? One model showed low inflation, the other model showed high inflation, and the Nobel Prize winners took the high inflation model and said it was low inflation. I mean, don't you think people see that, see through that ordinary folks, read that if they care? Does see right through it? - Well, maybe economists like those should have to read Alice in Wonderland and get an understanding where they're at. It's all about control. It's all about they trust themselves more than they do the people. And people do things, entrepreneurs do things without permission. And that's why they always wanna regulate. They always wanna get their paws on it. They always wanna say we have to have more say about what you do. And they're going full bore with this modern socialism. Every agency's going bonkers and trying to control businesses, which big companies can cope with, but small companies, this is a killer, which bodes ill for the future if this crowd gets back in again. - You know, Kevin Hasselt, look, you wrote a book about this, stopping the drift towards socialism. And you know, these big shot economists are happy to drift towards socialism, even though they don't exactly put it that way. But what Steve Forbes said is true. It always struck me and Ronald Reagan did this decades and decades ago. How about this? You and I will spend our money more wisely than some unelected government bureaucrat or regulator. - Or even for that matter of professor, we know. And if we don't know, we'll learn, okay? That's the way life works. You even learn from your mistakes. They don't have that in their models. And that's so disturbing to me. - Right. - Right, they don't learn from their mistakes. And the clip you played from President Reagan was exactly on point because these same economists, to a man and woman, they put out a letter saying how wonderful Biden's policies were before inflation took off. And so, you know, you would think that maybe they would write a letter apologizing for, you know, giving cover to a policy that ended up creating so much misery at our country. But instead they double down and say, "Oh, Biden's wonderful and Trump is not." The thing that I think is interesting, the last thing about this letter to be Larry, is that when you look at the way the mainstream media is covering it, right, they never mentioned that the first signatory is the husband of the Treasury Secretary. It's kind of a relevant fact, right? That this guy's organized his buddies to support his wife. Now, the fact is that's very relevant, but the reason it came out right now is you know that President Biden's gonna be quoting it in the debate tomorrow night. Good point. You know, I will say at a dinner party, when Christine Lagarde left the IMF as Executive Director, I sat in between Janet Yellen and George Acoleth. I might add, both lovely people personally. And he's a very charming man for all the disagreements. And I've never personally had any problem with Miss Yellen just that we disagree. She's another one now. The Treasury Secretary, she was in the papers today saying that Trump's tax cuts are responsible for all the deficits of borrowing. Really? That's true. Really? Really? Look at the revenues, up, and look at spending. Higher than it was during the COVID crisis. Tells you all you need to know. But why let facts get in the way? Just say it, pretend it's true. And like Allison Wonderland, well, you will just, it is because you say it is. I want to know. I want to see Trump smoke Biden out early, okay? Now, I may be surprised the whole world. And I think the way to do it, I mean, he can certainly talk about tax cuts versus spending. And perhaps he will ask Reagan's question. But I'd like to see him talk about his tax-free tip proposal, okay? Just kind of spring it out. What do you think about this, Mr. President? This is one from one president to another. What do you think? Would you join me in calling for tax-exempt tips for waitresses and caddies and Uber drivers and the whole gig economy, which probably numbers 10 million plus? I'd love to see that. Smoke them out. What do you think? Well, they might then get rich, and that's bad. Oh, no, no, they might get more prosperous. You know, the amazing thing is, under Trump, the evil Trump, lower-income people had a bigger rise in incomes than they did higher-income people. The gap was finally closing when you have a vibrant, free economy. But these people, again, it's about control. They call them the cult of Keynes. Not the cult of Keynes. Kevin, look, you're the keeper of all these data points. I was reading today, some analysts put out, in 2018 and 2019, the two years after the Trump tax cuts, real average median family income went up $5,000 each year. I saw that $5,000 each year. Now, that same comparison, I think, has fallen $2,000, slightly more than $2,000, during Mr. Biden's tenure. So what do you make of that? Anybody going to talk about that? My guess is Mr. Trump will have some numbers. Well, this is why he will definitely have some numbers. And I've got to say, as an aside, that I spoke to the president recently, and he's really serious about this tip thing. If he is elected, it's going to happen. 100% is going to happen. But think about the lack of intellectual curiosity. So income inequality goes down. Real wage growth goes up because of the corporate tax cuts that you helped us design, Larry. And the fact is that we got all these Nobel Prize winners that aren't even scratching their heads about, geez, why are real incomes going down under Biden? And why did they go up under Trump? And why is it all of a sudden going to reverse? The thing that I would say to Biden is that real wages shrunk for eight years under President Obama, and they shrunk for four years under Biden. So Joe Biden, for the American worker, you're 0 for 12. You're 0 for 12. Why should we give you another chance? And I'd like to see a Nobel Prize winner give me an answer to that question. And I don't think they'll ever try. And Steve Forbes, at the end, it's such an important point. Again, average families, ordinary working folks, go to work every day, have to worry about take-home pay, kitchen table issues, gasoline, groceries, and so forth. They know this. They know which was better four years ago or a few years ago. They know this four years ago or last year. I mean, again, there's a wisdom to ordinary people that experts will not acknowledge, will not permit, will not-- That's why you find in the polls people who say they themselves are doing well, they're OK, have a dismal view of the future. They have no faith that we know what we're doing. They have no faith the government knows what it's doing. They fear inflation may come back again. So even if things are starting to improve, they don't believe it's for real. And when you look at the numbers on investment, what does that tell you? Faith in the future is lagging. Yeah, and it's-- the consumer confidence numbers are so bad, but I think that's confidence in government, or in this case, a lack of confidence in government. I think that's where all that comes from. All right, gentlemen, got to get out of here, Nobel Prize winners. I'll give you a Nobel Prize, each of you. You have your own Nobel Prize. It's Steve Forbes. Thank you ever so much, Kevin Hassett. Thank you, good to see you. All right, folks, coming up tomorrow, CNN presidential debate is, according to one pundit, Donald Trump's Toulouse. Great column today in the Wall Street Journal by our friend, Jason Raleigh. Very interesting point of view, Donald Trump's Toulouse. So we're going to talk about it with Ben Dominich, Tammy Bruce, and Deroy Murdock. And remember, folks, Cut Low, available as a podcast. Episodes available every weekday, right after the show. Spotify, Apple, and Fox Business Podcast.com. Ordinary folks are smarter than the experts. [MUSIC PLAYING] Bidenomics versus magnomics as persistent inflation plagues Americans, which presidential candidates economic policy offers relief. Fox Business hears from corporate leaders and concerned citizens and breaks down the impact on your wallet. Fox Business, Invested in You. [MUSIC PLAYING] Volunteers are helping us learn more about these horseshoe crabs in New Jersey. You can see they're suited up and they've got their headlamps on because these crabs tend to come out at night near full moons. I guess when you guys are ready to kind of crabby with us. Meet one of the world's oldest animals, the horseshoe crab. They've been around for 450 million years, but they're still mysterious. So we want to kind of find out where the crabs like to go. How do they migrate and move around? People of all ages want to learn more about them. It was actually very interesting, it was my first time. My kids are very concerned about the environment, and they love the beach. So I thought this would be a very educational form and a good thing to do. Each year, the American Literal Society and Shark River Cleanup Coalition spend spring nights tagging the crabs to track their whereabouts. We would drill a hole in them, it wouldn't hurt them, and then we would put a tagging, and then we would let them go, and we can track them. Some weighed in the water, looking for crabs. Yeah, if they're digging, you can't move them because they're laying eggs. Others handled the data. All right, so what do we have here? Male. Grace Jenkins is on drill duty. There it is. I've seen them before, but it was cool, like I've never seen them up on the shore. Captain Al restores habitats with the American Literal Society. He says the crabs are essential to the ecology of the region and migratory birds. They come right to Delaware Bay. It's a huge place where more of an epicenter for the stopover for those shorebirds, and they feed on those eggs. That's the really important piece. He works to restore beaches along the Jersey Shore, which also means restoring habitats for horseshoe crabs. And we have a teams tagging there right now to see are they utilizing this new beach? If you build it, they come, right? It's kind of like that field of dreams for horseshoe crabs. Within minutes of looking, we found crabs at the Shark River in Lit. We're doing good. Quickly than we thought, I think we did it nine the night. And he said usually they do two or three. It really gets your hands in it. So it really kind of brings them in that there's something out here that's important. Here at the Shark River in Lit, they'll typically tag about 250 horseshoe crabs a year. But over on the New Jersey side of the Delaware Bay, they'll tag as many as 5,000. And Neptune, New Jersey. Katie Byrne, Fox Weather. (upbeat music) Diversity and inclusion has become a priority for toy companies. And Toy Insider shares their pick of toys reflective of the world kids see today. - Some of the great toys out there right now include guns, sustainably soft baby dolls that come in a variety of different skin tones and hair colors. They're super snuggly. They're also sustainable. So they're good for the environment. You can also find the 18 inch dolls like the HBCU dolls, which celebrate historically black colleges and universities. Those are from Purpose Toys, awesome 18 inch dolls that are poseable and have beautiful hair and outfits. There's also a great company called Upbounders that has a variety of awesome toys and games. This is the stacking cubes. These have pictures of moms working different jobs. And of course, it gets into that tactile play that toddlers are really gonna love. - Classic toys are getting in on the action. - G.I. Joe, the classified series. Nothing is more American than folks working together and you can get all types of different multicultural members of the team in action figure form from the folks at Hasbro. - And the arts and craft style also has something to offer. - Grayola is bringing into the arts and crafts department with their colors of the world collection, which has markers and crayons and all different types of things that are done in the colors of different skin tones that kids may find in the world around them. Over all the toy industry, especially here in the U.S. has really grown in the past few years to look beyond what used to be considered the norm and really start zeroing in on how play and I'm talking play in general. Four kids shapes who they grow up to become. - In Hollywood, Ashley Devorkin, Fox News. (upbeat music) - The Bottom Line with Dagan and Duffy on Fox Business. - We view the world the same way. - I'm sure we'll have some disagreements, but you don't want to get her mad. - No, you don't. - The Bottom Line with Dagan and Duffy on Fox Business, Invested in You. - Hi, big story unfolding. President Trump's surprise, he appeared or was on the phone or something at a barbershop. Deep in Hotland in Georgia today. - Brady Trumbull, live from Hotland with all of the details. Grady, did you get a trim or what happened then? - Larry, I wasn't in the room, but how's that for debate preparation? We've been talking about how the candidates are preparing and that's one way to do it. He took questions from the people in the room there, the former president did. This was a conversation with black business owners here in Atlanta and Congressman Byron Donald was moderating it. He was joined by former HUD Secretary Ben Carson. And yes, to the surprise of everyone in the room, there you see it, Byron Donald's taking a call from the former president himself. They talked mostly about the economy. One person joked that black people will vote for Trump if the president can get gas prices below a dollar and here is Trump's response. - I don't know if I can guarantee a dollar, but we're gonna get it as low as we can. And that's a big spur for the economy. The lower you get it, that's a big, big spur for the economy. I just came up with the concept of no tax on tips. Let the people earn what they earn and it has been so popular. Now the inflation is a disaster. It's killing the black community and it's killing the country. The Biden campaign also held an event with small business owners here in Atlanta yesterday. President Biden and surrogates for him like Senator John Ossoff of Georgia, they're making the case that all the government spending that's taken place under President Biden's term in presidency, all of that they say is spurring private sector investment. So that's the economic pitch that they're making to voters here in Atlanta. It may come as a surprise to you or maybe not Larry that the president Biden did not call into that event yesterday like Trump did today. Larry? -Shocking, absolutely shocking. Grady Trimble, thanks very much. Let's talk about this whole story. We'll bring in Ben Domenich, editor at large at the spectator and a Fox News contributor, Tammy Bruce, Fox News contributor, Deroy Murdock. Another Fox News contributor, thanks to everybody. Deroy, I can't think of better debate prep, seriously than what Biden is doing. So what Trump is doing, I mean, it's very typical, hands-on interaction, talk to real people, whereas Mr. Biden is up at Camp David's sequester, they built him a little debate arena, they got 16 people pounding them twice a day, which I think is an impossible story. I mean, why does that tell you? Why does that tell you about who's gonna be better prepared and who's gonna win this debate? -Well, what it says is that Trump is staying close to the people and asking these businessmen and businessmen, "Women, what can I do for you? What are your problems? What are you facing with your customers?" Of course, they respond, inflation's a problem, high tax is a problem, rising energy prices. So I think having his hands on the pulse of American people is very important, he does that very well. And conversely, Biden's been completely isolated for almost a week, I think by the time he shows up, it'll be almost a whole week, he's not even been seen in public. And that sort of isolation, I think, just keeps me even further in touch and sort of out of touch, I should say, kind of demonstrates how completely detached he is from the American people. -Then, Dominic, I want to go out to you, you're somewhat, I don't, you could be in a hanger someplace with 16 people pounding into your head all your campaign slogans and numbers. I mean, you hear what DeRoy had to say, more importantly, probably you heard what Mr. Trump had to say with the black business people down in Atlanta, Georgia. I mean, to me, it's like, that is the difference between these two candidates. Trump hands on, Saf Bronx, okay, barbershop, in the middle of Hotland in Georgia, Mr. Biden up in splendid isolation, with all of his perks and all of his advisors and all of whatever else he's got. I mean, really, this is the best leading to a debate I can imagine, Ben. -Well, look, I think that the former president's, you know, idea, a revolutionary idea of actually talking to the American people at this stage is something that the current president simply can't do. He has to be, you know, getting his daily massage and his IV drip and everything else that he needs to get ready for this debate. And look, I think that it's, well, no, Larry, I'm serious about this. The central question of this is about which president you believe will be better for the American people for the next four years. And when it comes to that question, I think the problem for Joe Biden is that no one believes that he will be president for the next four years. They believe that they're voting for Joe at some point going to get Kamala Harris, whether they like her or not. And that's something that is a huge defect for his campaign. Someone who wanted to prove their robustness, prove their ability to talk to the American people would be out there doing exactly that in the run-up to a debate. Instead, we're having the earliest debate in American modern presidential history because of the fact that Joe Biden feels he needs a reset and feels he needs to prove that he's capable of doing this. And they're going to do everything they can to make that possible. And that doesn't involve talking to the American people. - So let's go on that point, Tammy, but it's very interesting. Jason Raleigh, smart guy writes in the Wall Street Journal today, it's the president's debate, the president's debate, Donald Trump's solution. What Jason's basically saying is, Joe Biden needs to do really well, and if he doesn't, they're gonna pull it. They being whoever, I don't know who they are, but Democratic elders at the convention or some such thing. Jason's saying, if Donald Trump has an off night, and Mike Goodwin of the New York Post had something similar, Trump could have an off night, it's not gonna matter very much. But if Biden has an off night, it's absolutely Death Valley for him. What do you make of that point of view? - Well, first of all, that has been one of the arguments about why this debate is so early, that it gives them time if President Biden has a horrible night as a collapse when it rhetorically does very badly, it gives them enough time to move him out. So I think that's possible. They see the polls, they now believe the polls, at first they were saying they didn't. At the same time, people I think right now generally know who they like, they understand what's happened. It's so dramatic, it's not, you know, like a seminar at Stanford, where you're sitting around a table and you've got to wonder and read things and try to figure it out intellectually. Every day, Americans' lives, they realize what's happened to this economy, the quality of life, and the safety of their children who will likely be drafted and put into whatever World War III is, and then to say nothing of the crime on the streets of the country. So this is not brain surgery. Americans know, nobody's waiting for that thing to tip them over, it's like, oh, I don't know, Biden or Trump, I can't figure it out. People have decided, and yet there are some people who are hanging on by a thread. The Biden campaign continually is working to keep their own base. Trump is constantly moving to expand. - Days and days, days and days, that's right. - And I think that tells you what they're seeing internally about where the numbers are. So yes, if any Biden, moderate Democrat or independent support that he might have starts to collapse even more, that would give them the ability to find out early now. - You know, Dre, just though, listen here's what Tammy's saying. I can't quite figure out, with the 16 advisors, and they've created this debate setting, I didn't understand that. Like, what is it that they're doing? What is it that they're saying to him that he doesn't know or shouldn't know? I mean, he's been a politician at the federal level for 50 years plus, okay? Why do you think he's good or bad? He's been around forever, okay? - His, no, it should be, yes, it should be encyclopedic. - Second nature. - If he doesn't understand the immigration problem now, or he doesn't understand that, you know, immigrants are raping and murdering people, but he doesn't understand that. He doesn't know that real incomes or prices are going up and real incomes. I don't understand, when I first read about it in the New York Times, I scratched my head, really? Is that bad, he doesn't, he's so out there, he doesn't know what's happened for three and a half years? - Yeah, you're right, this should be second nature. - I mean, for a second, he doesn't know now once he's gonna know. - Inhaling and exhaling, you know, he was elected back in 1972, Richard Nixon was President of the United States, all in the family was the biggest program on television. You know, internet had not even been conceived of. - They should have been around forever. - Exactly, so he's been there for 50 plus years. So he shouldn't need 16 people a whole week to figure out what his message is. And you know, one thing you gotta do is try to figure out, you know, what is he gonna offer the people for the next four years if he's reelected? You know, all we hear about is January 6th and concentration camps and Trump is worse than Hitler and all this other ridiculous-- - Trump's winning the democracy debate. - He is winning the democracy debate. - Paul, Paul, I mean, I mean, here he goes. - Goes me away, I don't know if anybody reads the Washington Post. - But, you know, what is his vision for the next four years? I don't know, I mean, Trump is talking about, you know, getting rid of the tip tax. I think that's brilliant. He's talking about energy independence. He's talking about making the Trump tax, taxes a Trump tax cuts permanent. That's all great stuff. What is the vision that Joe Biden is gonna offer for the next four years? - I've got gas prices, which came up earlier. In the barbershop came up. - Yes, not only is it good for the American people, higher gas prices, higher oil prices, empower and fund our enemies. And the enemies of Western civilization. Iran, Russia, and China. - We'll raise some next segments. And it's the next-- - Okay, so stay tuned. - I can't hold you back on that. But Benjamin, I wanna come back to you because I read some of your notes or your column. You know, a couple of liberal lefty CNN people are not gonna stop Donald Trump from getting his message out. Trust me on this. He's a pretty crafty guy. And he's been through a lot of debates. They're not gonna be able to stop him. No matter what they say. I think Trump might ask Biden questions, and Biden might not be able to answer them. Or if he does answer them, they're gonna be wrong. What do you think about that point of view? - Well, I think that, well, I think you're right, but I also think that what he's really going to be doing, and this is really what I do expect tomorrow, is I think he's gonna be debating the moderators almost as much as he's debating the current president. Because I expect them to dwell on all of the different issues that DeRoy just talked about, which don't rank anywhere close to the top 10 of the issues that the American people care about. Gallup, under its current tracking, says that immigration is now the highest level concern that they have had since they've been asking the question about it in their polling. Okay, so immigration questions, economy questions, affordability, inflation, crime, et cetera, those need to be top of the list. And instead, I think we might get, you know, a wallowing kind of CNN style questioning of the former president that is about January 6th and about what he thinks of Adam Kinzinger and, you know, Jack Smith stuff and everything else. - It won't matter, they can try that, it won't matter. - He's just got to cut through that. - Yes. - He's got to cut through that and talk about the issues that people care about. - I think he's got to ask, by early in the game, are you in favor of my tax exam tip proposal? Just kind of smoke 'em right out. I would do it right up front and personal or whatever you're supposed to do. Anyway, Ben DeMannitch, thank you very much. Troy Murdock, Tami Gris, really appreciate it. Coming up here on Cudlow, the Bidens continue to sacrifice energy and national security for election year gas prices. Okay, that's what they do. Tami blew the whistle on that one. We've got Alaska Senator Dan Sullivan, who was an expert on the subject. I'm Cudlow, someplace in between. Thick around, we'll be right back. (dramatic music) - I try to bring a positive perspective. People may call that naive, but I've got a pretty good track record. - Kofuto, coast to coast on Fox Business, invested in you. - Restaurants and food benders are turning to indoor farming as inflation and historic droughts are driving up the price of food. Lydia who is at Bowery Farming in New Jersey, and Lydia, my question to you is, what exactly makes it cheaper to farm indoors? - Yeah, hi, Ashley. It might not be cheaper just yet, but the indoor farmers say it's a more stable and secure food supply chain, which is really important to understanding how this works. It's called vertical farming. You can see trays of plants here stacked one on top of each other under these lights that simulate the sun. Here, Bowery Farming is able to control the conditions so they can create 12 grow seasons a year when a typical farm only gets about two. They're growing a variety of different types of plants that you can see from olettices and arugula and radishes, and they're using a hydroponic method, which means it's not soil, it's water and nutrients. Take a look at this. This is wasabi arugula. It has a little bit of a spice when you bite into it. They get that spice by what they say, stressing the plant out. Here's an explanation of what that process looks like. - And what stresses the plant out is exposing it to more intensity and longer duration of light. And so we are able, again, to optimize that recipe because we control every aspect or input into the plant's growing, and we are able to hit the exact flavor profile we want. Now, controlling the environment means that bowery farming can produce more food two times faster, Ashley, and one square foot of land, they say they can grow 100 times more lettuce when you compare that to a traditional farm. So we're talking about higher quantities of food. Right now, we're in New Jersey, like you said, so all of the food here is supplying the tri-state region. They say projecting into the future, they see indoor farming's coming to all major cities, supplying and fortifying local food supply chains there. Ashley, back to you. - Very interesting, yeah, it makes sense. And it's very productive, Lydia, thank you very much. (upbeat music) - Marissa Escworth is a modern-day test pilot anchored to the road. - It's very easy to get on the freeway. Very easy to maneuver, everything's very smooth. - The veteran diesel trucker is one of the very few chosen to prove that hydrogen-powered trucks can haul the freight emissions free. - I love it, I really love it. I enjoy it, it's very quiet. - A huge public private mega project, NorCal Zero, became fully online at the Port of Oakland, the only heavy commercial hydrogen truck stop on earth and can fuel 200 trucks a day. - And we can fuel trucks back-to-back 10-minute fill, so that's very comparable to what you would get with the diesel conventional fuel. - 30 Hyundai Exian fuel cell big rigs are the nation's largest fleet. - With more than 400 miles of driving range, powerful acceleration, payload capacity, and importantly, short refueling time. - This is a real truck from a real production line that was delivered here to the largest fleet now operating in North America. That is a very big deal. - And now we have a line of sight to zero emission. - And I point to things like this to projects like this and say it is possible. - Yet there are detractors much like modern electric vehicles had at the start about price and range. - Those arguments have zero legitimacy. If we work together and we all have the will to make the change happen. - The Stone Age did not end because they ran out of stones. They created something better. - Asthma and cancer-ridden West Oakland will have better health for sure. - The only safe emission is no emission. That's what we found out. - The port already uses electric cranes, vehicles, and short power to ships to stop running idling pollution. - We look forward to using the station not only for trucks, but for equipment. And eventually, boats and ships is going to be using hydrogens as a source of the energy. (upbeat music) - So, speaking of gas prices, the vitamins continue to sacrifice energy and national security for election year gasoline prices. Joining us now to talk about it, Alaska Senator Dan Sullivan, Senator Sullivan, welcome back. I mean, it's on the front page of the Wall Street Journal. The vitamins will not enforce the sanctions on Iran or Russia, the oil producers. They will not go for secondary sanctions on commerce or banks. And by the by, they're letting China import all the soil from Iran and Russia, right? China is financing two wars against the United States by doing this, that's China. They're not imposing tariffs, sanctions, they never ought to repeat the bad at Senator Sullivan. I think it's a sad state of affairs. - Larry, it is so sad. And you know, I'm here in beautiful resource rich Alaska. And the one thing you didn't mention is the Biden administration is actually sanctioning my state, literally sanctioning my constituents, trying to shut down American energy in Alaska, the American energy sector, more than they're sanctioning the terrorists, the Iranians, Venezuela. So that's the real remarkable thing, how much they're targeting American energy and they're letting the enemies of our country go free. - I mean, you read through this story in the journal, but it's not the first story. There are many, many stories about this. We've looked at this subject to get it again and again. All for cheap gasoline. I mean, you've got administrators saying this, sort of on background, but they're administration people. How can, Iran is a moral enemy, all right? What's Russia doing in Ukraine? I mean, on the one hand, the Bidens want to give them another $100 billion in Ukraine. On the other hand, they're stopping the Ukraine from hitting Russian oil refineries. I mean, I don't understand, I mean, you've had a lot of foreign policy experience. Tell me out here, I do not understand this. - Well, look, like so many things that are almost incomprehensible to the American people, this is driven by the far left of the Democratic party. I mean, they're anti-American energy, they're anti-Israel, but think about this, Larry, you know, you guys were talking about the presidential debates. I certainly hope the record of the Trump administration versus the Biden administration comes up on the issues of energy, Middle East peace in Iran, because President Trump's policies, which you had a lot to do with, they unleashed American energy, launched a peace initiative with the Abraham Accords in the Middle East, reestablished deterrence by killing Soleimani, the head terrorists, and instituted the maximum pressure campaign. This crushed Iran's economy in terms of GDP and in terms of foreign reserves, by the end of the Trump administration, Iran had about four billion in foreign reserves. Biden comes in, which is, you know, that's not a lot at all. Biden comes in and reverses all of this. The Iranian economy is taken off. They have about $75 to $80 billion right now, three and a half years later in foreign reserves, and Tammy Bruce said it perfectly. Were they using that $80 billion for? To fund terrorists, Hamas, Hezbollah, the Houthis. This is a failure everywhere. And of course, gas prices at the pump, right now under Biden are 60% higher than they were at the end of the Trump administration. - And electricity prices are substantially higher also. And the public is, it's funny, the public is rebelling against jamming electric vehicles down their throats and other policies. You know, come back to this. They're sanctioning Alaska. So they stopped the, what, the leasing from the National Petroleum Reserve from Anwar. They've stopped stuff in New Mexico. They've stopped stuff drilling and leasing in the Gulf of Mexico. I mean, really? We should be at 15, 16 million barrels a day right now. We're still stuck at 13. - 100% in their sanctioning American citizens more than their sanctioning the terrorists, leaders in Iran, in Venezuela. You know, Larry, I'm getting ready to get on a plane heading up to the North Slope of Alaska, the indigenous people up there. Great patriotic community. They are very pro-resource development too. So Biden has a choice. Do I help indigenous people in Alaska on the North Slope? Or do I help the terrorists in Iran and Venezuela? He's choosing foreign terrorists over great America. - Senator Sullivan, thank you ever so much. Dan Sullivan, we appreciate it. Folks, we'll be right back. - Southwest Airlines lowered its forecast for the summer quarter, setting a dynamic environment. Southwest still expects to post an all-time second quarter record for operating revenue. From the sky to the road, a huge lifeline for an EV maker. Volkswagen will pour billions of dollars into Rivian. In exchange, VW will be able to use Rivian's tech in its own cars. The initial investment will be a billion dollars followed by four billion more if a joint venture between the two companies gets off the ground. Rivian is based in Irvine, California. Its SUVs and pickups are made in normal Illinois. Meanwhile, a significant share of Americans who own electric vehicles have buyers remorse. Consulting firm McKinsey found 46% of EV owners in the US said they were very likely to switch back to owning a gas-powered vehicle in their next purchase. Finally, some new flavor combos to watch out for at the grocery store. Cheese it, teaming up with Hidden Valley Ranch on a new cracker flavor hitting the stores in July for a limited time. And Oreo's limited edition mint chip flavor arrives in the cookie aisle on July 7th. I'm a dunker. That's business. I'm C.J. Papa. (upbeat music) - To Mark Bastille Day, the French government bestowed the Legion of Honor Medal on four American veterans of World War II who fought the Nazis and saved France from being overrun and occupied. He was part of the resistance support troops who succeeded in slowing down and even stopping the German advance. David Bailey of Bluefield, West Virginia first landed in Normandy and then fought at the Battle of the Bulge. I'm the oldest veteran of the Battle of the Bulge that happened in 1944 and I'm 100 years old. Ernest Marvel of Frankfurt, Delaware helped liberate the Dakau concentration camp. After heavy fighting, his unit pushed the Nazis out of France. Marvel recalled passing his brother on the street in Germany, saluting him, not recognizing him in his uniform since they had both been deployed for two years. They both made it home to their family dairy farm. Marvel traveled to Europe by boat. - We went by the Statue of Liberty and all in our minds was we might never see you again. But we made it by a lot of us. - Leslie Simler of Pennsylvania joined Marvel and Bailey as they received their medals at the French Embassy in Washington, D.C. - I don't want them to make any more veterans, you know? No more wars. - Benjamin Portaro of West Virginia came ashore in France a few months after D-Day and served under General George S. Patton. He could not make the journey to receive his legion of honor medal first awarded by Napoleon. It was meant to express the gratitude of the nation for the courage of our soldiers. - The legion of honor is France's highest honor. And so for them to bestow such an honor on these three gentlemen speaks to the depth and the historical commitment between our two countries to fight for freedom. (upbeat music) (upbeat music) - Hello to our viewers in Canada. Thanks for watching Fox on Rogers. If you want the latest reports from our correspondence, visit both fontsbusiness.com as well as fontsnews.com. - In business, you need to stay a step ahead. - Your top story's right now. - It won't go up. - Okay. - So download the free Fox Business app. Just scan the code on your screen. Got to announce that moving ahead. Comfortable. - Look at the markets at your fingertips. Get the latest from Wall Street to Washington with the inside investors need. - See, here's the good news, folks. - Let's take a quick look at the markets. The Fox Business app makes it easy to be in the know wherever you go. - Scan right down to it. - Download the Fox Business app from your app store or scan the QR code on screen now. - You will spend your money more wisely than government will. And most folks, even if they're not know about prize winners, they understand this perfectly well. And Liz McDonald understands it. - Hi everybody, it's Brian Kilmeade. I want you to join me weekdays at nine AM East as we break down the biggest stories of the day with some of the biggest newsmakers. And of course, what do you think? - Listen live or get the podcast now at briankilmeadeshow.com.
