Ryan Reynolds here for Mint Mobile. With the price of just about everything going up during inflation, we thought we'd bring our prices down. So to help us, we brought in a reverse auctioneer, which is apparently a thing. Mint Mobile unlimited, premium wireless! Have it to get 30, 30, 30, but to get 20, 20, 20, but to get 20, 20, but to get 15, 15, 15, just 15 bucks a month? So! Give it a try at mintmobile.com/switch. $45 up for three months plus tax reviews, promoting for new customers for limited time. Unlimited more than 40 gigabytes per month slows, full turns at mintmobile.com. This podcast brought to you by Ring. With Ring Cameras, you can check on your pets to catch them in the act. Izzy, drop that. Or just keep them company. Or I'll be home soon. Make sure they're okay while you're away. With Ring, learn more at Ring.com/pets. Hello folks, welcome to Cudlow. I'm Larry Cudlow. So Joe Biden, now on day five of his camp David Lockdown, that's ahead of Thursday's CNN presidential debate. As Trump continues, Mr. Trump continues his own tour to force around the country. But what do voters want to hear from the former president on Thursday? The fake premise swami is going to give us his thoughts in just a couple minutes. First up, Aisha Hasney, live in Washington with the latest on the Trump and the Biden operations. Aisha, what's cooking? Larry, good to see you. Well, look, we probably won't see either Biden or Trump until Thursday. Neither of the two men have public events on the schedule anymore. But Team Biden is on a media blitz sending out surrogates all over the country. They were predicting today that Trump will be, quote, unhinged on the debate stage. Their words, not mine. And when asked about voters and whether voters think that Trump did a better job in office and Biden, the Biden campaign didn't really talk about policy instead. They blamed Americans and their poor memory. Listen to this. I do think that people have amnesia. And as I've been talking to communities across the country for the campaign, especially Latino communities, I have reminded them about what we experienced for four years under Trump. So apparently we all have amnesia, Larry. Biden surrogates are hitting battleground states to drum up the abortion issue as well, which is probably going to be a hot topic on the debate stage. Someone who debated Trump back in 2016, former Secretary of State Hillary Clinton warned in the New York Times this week, Mr. Trump will most likely say he wants to leave abortion to the states. He hopes that sounds moderate. But it really means that he's endorsing the most extreme abortion bans already imposed by many states and all the extreme restrictions to come. I want to see President Trump ask Biden, when is abortion not appropriate? The day before birth, the week before, the month before, and really point out a lot of extreme measures that are out there. Larry, conservatives say voters would much rather hear the two men talk about the economy and immigration, the border. That would track with our latest Fox News polls that found voters rank abortion sixth in issues they consider extremely important behind economy and immigration. Larry. All right. Thank you. Aisha has me. Very interesting. So folks, Joe Biden keeps breaking the law. There's something for it. That's the subject of the rip tonight. One of the things Donald Trump should ask Joe Biden at the CNN presidential debate on Thursday, is why he won't abide by the law regarding the cancellation of student loans. So just last night, two US federal judges, Daniel Crabtree and Arkansas and Kansas rather, and John Ross and Missouri, both of them are appointees, a former president Barack Obama. They issued injunctions to prevent the Biden administration from canceling any more federal student debt. All right. In this case, they were blocking the so-called save plan, which has a price tag of roughly 475 billion dollars over the next 10 years, that according to the Penn Wharton budget model. By the way, that model estimated that 750,000 households making over $312,000 in average household income would benefit. So much for helping low income families. Of course, the plaintiffs in this case, which were attorneys general from Missouri and Kansas, they succeeded in making the case that Congress never gave President Biden the authority to cancel the loans. Now, back to Mr. Trump's hypothetical debate question to Joe Biden. The Biden press office responded to the court decisions by saying they're basically going to ignore it. Let me quote, "Today's rulings won't stop our administration from using every tool available to give students and borrow as the relief they need," said Karine Jean-Pierre. She went on to say, "That's why the Department of Education will continue to enroll more Americans in save." End quote. So, I'm sure folks watching the debate will be curious to hear Mr. Biden's answer, and even more interested in why he's willing to break the law or why he's so intent on disrespecting the Supreme Court for that matter. Basically, Biden, who has criticized the Supremes in his state of the union speeches, well, he sees the highest court in the land as just a bunch of Republican justices allied with elected Republican officials out there in the interland. Now, for a guy who talks a lot about preserving democracy, this is a very opposition to take, as he demeans and actually ignores the decision of one of the three branches of government. But never mind, he's going to just try to keep spending almost 600 billion worth of the student loan cancellation, that according to the Penn Warden model. That'll court decisions be damned, which brings me to the final point, concerning possible fiscal questions in this CNN presidential debate. The latest CBO baseline during the Biden years, which go from 2023 to 2034, 10-year window, shows an increase in federal debt held by the public from $26.2 trillion to $50.7 trillion. As a sheriff's GDP, that debt moves from 97% to 122%. Now, somebody's got to do something about spiraling federal spending and borrowing before America's finances become completely unmoored for many kind of market based reality. And that's going to require a bold, balanced budget plan that restraints spending, but holds down tax rates in order to promote revenue enhancing economic growth. However, breaking the law or promoting a complete fiscal breakdown is not the path to a new American prosperity cycle. And that is my riff. All right. So, we welcome back to the show with great pleasure joining us, Vivek Rama Swami, former 2024 presidential candidate Trump campaign. Sir, Vivek, welcome back. You know, Vivek, just a lot of little things here. I'm sort of hoping, Mr. Trump, I mean, I don't know whether the CNN moderators will ask the right questions or not, okay? But Mr. Trump could ask Mr. Biden, why are you disregarding federal judges? Why are you disregarding the Supreme Court? Why are you disregarding the whole issue? Did you do not have authority to cancel student loans? That's not the only disregard of the law, but that's not a bad place to start, Vivek. What do you think? Look, I think you've laid out some great points, Larry. My advice to President Trump would be just be yourself. President Trump, I think, has a historic opportunity right now to defy the media narrative, Larry, and actually demonstrate he's actually going to be the president who unites this country. Joe Biden ran on a platform of national unity. He failed to do it. President Trump's going to unite this country in a different way. Success is unifying. Excellence is unifying. So growing our economy and fixing our border crisis, those aren't just policy solutions. Those are steps towards reuniting the United States of America. I'm going to be with him in Atlanta. I'm looking forward to it, but I have full confidence he has led this country. He led this country in the first two years against a Russia collusion hoax and an impeachment hoax. If he can do that, he can handle himself in what will be a three-on-one debate. Make no mistake about it. Is this fair terrain? Of course it's not, but I'm confident President Trump can nonetheless handle himself even when he's debating against three people, not just one. Yeah. Well, I love the themes of success and unity. I think you're 100 percent right. But I just was thinking, you know, it may be if the moderate is willing to ask good questions, they've missed the Trump pass. They ask a good question or two, you know. And in this case, I think this didn't loan thing. You know, these judges just ruled. This is not the first time, by the way, the Supreme Court has ruled. Now you've got federal district judges rule. The Biden's want to ignore it. I mean, you can't willy-nilly break the law. I mean, that's to me fair game for debate. Biden wants to talk about democracy, blah, blah, blah, blah. How about asking him why he doesn't uphold our court system? It is the third branch of government. Is it not the bank? Of course it is. And I think this theme of law and order is a really interesting one, Larry, on a couple of different levels. First of all, we have rampant breakage of law and order in cities across this country. But it's no accident that you see the abandonment of the rule of law in cities and at our own southern border when the United States government, and even the president of the United States, is completely disregarding the law himself. So this is our deep seated issues that go to the culture of rule of law in America. So I'm fully confident that if the moderators don't step up and do their job, of course, President Trump's going to be able to do it. But I also think the American people are ready to see through that veneer was 2020 fair in the way the media handled it and served up information to the public suppressing the Hunter Biden laptop story on the eve of that last election. Of course, it wasn't. But the American people have been fooled once. They're not going to tolerate being fooled again. And I think President Trump has a historic opportunity to let his record also speak for itself. Four years of Trump, four years of Biden, under four years of Trump, you had a sealed border, you had a growing economy and a stable world order. Under Biden, we're closer to World War three than we've ever been, a more porous border than we've had at any time in our national history and an economy that is flailing in the face of inflation. That record, I think, will hold in the eyes of most Americans. And you know what success in the face of Trump's term will be unifying for the country. Yeah, I love that. You know, you were just talking about the Russian hoax and laptop computer and all this stuff. I'm just reading about you basically trying to take over BuzzFeed, the website BuzzFeed. And this is a noble mission, Vivek. I mean, these guys were enablers. Heck, they want to pull a surprise for pushing the Russian hoax, which was completely and utterly wrong and phony. And you want to, let's say you've picked up your stock holding and you want to put some new people on the board, which is the right idea. Maybe due to BuzzFeed, what Elon Musk did to Twitter, tell us about this because I see a market-based opportunity here. Instead of having government do it, let's have private investors like yourself do it. BuzzFeed, you know, fake news, Russian hoax and all the rest of it. And they got a poll surprise, which they should give back. Tell us about your BuzzFeed campaign. I love this. Sure. And I'm a big fan of driving change through the private sector, Larry. As you know, I found it's drive in the asset management space. I criticized the media a lot during the presidential campaign, but I don't just believe in words. I believe in action as well. And what I see here is actually an opportunity. There's a wide open opportunity in the media landscape, especially in the creator economy, to say that, you know what, we're going to be a platform that embraces the full cultural and political spectrum across the board. I think it's a missed opportunity. A lot of people have heard of this company. I had heard of the company. But what does that brand to even mean? That's an opportunity for value creation. It's a company whose stock has gone into the gutter ever since they went public. It has more debt than cash. And so it should be a company that is receptive to an outside voice. I became the largest outside, second largest outside shareholder in the company, I should say, Class A shareholder. But the reality is, I think some of the change that we're going to see in this country is not just going to come through government. It's also going to come through a change in culture, through the economy. And I do think reviving our voices as shareholders, I've lived the American dream, I've built successful businesses to be able to apply that now in new ways, Larry, is one of the ways that I also think we can drive positive change in this country. And I did have my first meeting with the management team. And I'm glad to say it was a constructive meeting. And so stay tuned for what's ahead. No, I love that. By the way, I think Mr. Trump agrees with you 100%. That's the best way to drive changes. Do it through the private sector. Do it through the investment sector. And this is the last point. In a letter to them, you're saying distinguish yourself from competitors by openly admitting your past journalistic failures and redefine BuzzFeed's brand around the pursuit of truth. You said that in a letter. They're not buying it. But I think, I think you are right for the big. I mean, that put them right out there, redefine it. You know, you have a chance. They sinned. Now it's time to ask forgiveness and start all over again. Look, I think that you want to talk about uniting the country and also seizing a major opportunity. Any member of the mainstream media who looks their audience in the eye and says, look, we lied to you from the origin of COVID to the Trump Russia collusion hoax to the 100 Biden laptop story. We made mistakes and we're sorry. We're not going to let it happen again. Here are the changes we're going to make and we're going to earn your trust. That is a massive business opportunity for the first mainstream media organization that steps up and captures it. So the reality is the opportunity sitting there, the power of capitalism often gets people to make those right decisions. I respect what Elon has done in the case of Twitter. That's a social media platform. But in the context of publishers or at least even one publisher stepping up to do that right thing, I think that's a major opportunity. And it's part of what I articulated in that letter, that first letter that I said to the board of directors. It's great stuff that they promise me. It's great stuff. Good for you. Thank you very much. And of course, we love having you on the show. Good luck down there in Atlanta at the debate. All right, folks, coming up here on Kudlow Biden, racking up America's debt. So why is it all these left-wing operations? Keep trying to blame Mr. Trump. It's an odd story. The numbers are the numbers. Anyway, we've got Russell Vote and Kevin Brady, two budget veterans. And folks, remember, you can catch Kudlow Monday through Friday, 4 p.m. right here at Fox Business. For some reason, you can't catch us at four. Just text your favorite nine-year-old. And she will show you how to DVR the show. And you will never miss a thing. I'm Kudlow. Be right back. I'm Alexis McAdams and I'll be covering Democracy 24 on the campaign trail. Well, I'm from the Midwest. I'm from Chicago. And I think the reason I was chosen to be out on the campaign trail is because I love talking to people and I'm looking to really show a different side of these candidates. I think one of the best things about Fox News is if you raise your hand and ask for those opportunities, they'll give them to you. It's going to be a great adventure. For hundreds of miles, waves crashing to shore. Rugged mountain cliffs as far as the eye can see in this nature lover's paradise. A region known as Big Sur, the Pacific Coast Highway in Central California, is a national treasure. The sheer drama, I mean, the precipitous nature of the San Alicia mountain range, this very steep vertical incline coming into the ocean. And you have so much of the coast where you're right on the ocean. You can see the ocean crashing into the rocks, the mountains, the redwood trees going up above you, and an incredible amount of flora and fauna. I mean, amazing bird communities that are both migratory and actually live here. So you see a lot of nature at play without being in a national park. Standing at the edge of a continent can be challenging. The Tulane Highway has struggled to make it through a calendar year without a weather incident that closes a portion. Any just glance at the topography would let you understand that gravity or moisture or rainfall is going to bring material down the hill. The road was built in the 1930s. The region is geologically active. Landslides are customary and the highway has been closed almost 60 times because of the constant pressure of weather-related events. Over the last 10 years, we had one slide that closed the highway for 17 months. We've had bridges wash out and keep the highway closed for most of a year. Up and down the Pacific Coast highway seems like this behind me. These tall ridges with boulders and debris that can get pushed down by heavy rainstorms and even earthquakes. But check this out. Look at what engineers have created. This incredibly steep dive and you can see just how far a rock or a boulder can go. And down there in that ravine where so many of them have landed right next to the edge of the Pacific Ocean. According to many climate scientists and their research, because of a changing environment, the types of big storms that can batter California with heavy rain, fire and snow are projected to increase in intensity in the years ahead. The fire season that's running longer gives us a shorter window to prep for the winter. So that's one of the things that we have to take into account going forward. As will innovative engineering designs to keep this vulnerable stretch of coastline accessible to the millions who traverse the scenic highway each year. On the central coast of California, Robert Ray, Fox Weather. Hello to our friends in France and thank you for choosing Fox and watching us on orange. For all the latest headlines, go to foxnews.com. For the latest financial news, check out foxbusiness.com. 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 Willcame podcast on Fox News podcast. I'm Brett Baer. I'm Dana Perrino and this is the Fox News rundown. Fox News Digital, the world according to Fox. All right, so on the eve of the CNN presidential debate, how can Biden allies with a straight face actually say Mr. Trump created more debt than Mr. Biden. So let's talk about this. Joining us, Russ Vot, former OMB director, Kevin Brady, former chair of the House Ways and Means Committee. Gentlemen, welcome. Russ Vot, I bet you didn't know this. Donald Trump's the guy who was the big spender and he was the guy who created all that debt. I'm reading that from Maya McGinnis' group. I'm not going to, I'm just not sure how they get to what they get. And I've seen other people say that as well, try to make the case. But I looked at the CBO baseline numbers that came out last week. It seemed like the debt under Mr. Biden's gone up from whatever 26 trillion to 50, 50.7 trillion over the next 10 years. So it straightened me out here. Really, Trump was the culprit? No, he wasn't. And unfortunately, I like what Maya's group does, but they they often just take the static score for a number of these things, including the tax cuts and don't impact the revenues that have come out of that. And they don't control for COVID when it comes to the reality of what we were facing at the end of the administration. But the sheer reality is that we're looking between seven and $10 trillion in debt and deficits that the Biden administration has put on this country and saddle taxpayers with. And that is not comparable to what the President Trump left office with. And just to give you a real, a real small snapshot, when we left office, $350 billion in interest payments per year, that is ballooned to a trillion dollars per year as we close this year. And so you see that in the numbers and you see it in the pocketbook with regard to inflation under one administration and and something we did not face under the previous one. Yeah, you know, Kevin, it's just interesting to me. And I agree with Russ. I mean, Maya McGinnis' group, they do some good things on spending. I don't, they're not supply siders on taxes. But they're scoring Trump with stuff that was bipartisan, or what I would call Nancy Pelosi stuff, budget acts of 2018 and 2019. They say it's bipartisan, but they score it under Trump. I mean, he's not going to veto it if it's bipartisan. And I don't know, if we added to do over again, Kevin, the CARES Act during COVID, I don't see how we could have not acted. You can debate the second one, the 983 billion, which had a lot to do with the wishes of Nancy Pelosi. But I'm just saying, I think that all this scoring stuff is extremely unfair. I don't know whether you've seen it, Kevin, or whether you care about it. But it just seems very unfair to me. Yeah, I have seen it. It is cherry picked in a big way. And the point you make is what I was planning to, which is much of President Trump's spending did occur driven by the COVID spending, try to keep people in their jobs and businesses open, versus what we've seen under President Biden, which, you know, big stimulus payments, paying people not to work, locking down these local economies and businesses. And then much of that debt that he's accumulating are his own executive actions, such as forgiveness of student loans. So I think there's a big, big difference. But I do know this. I think we all agree the debt we have right now is unsustainable. You can never tax enough to get out of debt because Washington will always spend more than is coming in. And really, at the end of the day, you've got to have growth in the economy, such as we saw under President Trump's tax cuts and jobs, that the drove federal revenue in a really strong, positive way. And you need to right size the government and have real firm spending guardrails around future congresses. It's tough to do, but there is no, there's no shortcut. You have to have growth. You've got to have spending constraint in guardrails. I mean, Restful, we've talked a lot on this show in the last week or so when this CBO baseline came out. And I think federal finances, they're in the shambles. I think there's no two ways about that. And it's not sustainable and it's got to be fixed. Now, the question is, and you and I have talked about this, but it's worth 30 review. You've got this CNN debate coming up on Thursday. It's probably going to come up again. You can raise taxes, which is what Mr Biden is proposing, and lots of it. The Wall Street Journal called it tax armageddon, okay, armageddon rather. You can raise taxes or you can restrain spending, keep your tax rates low and go for growth. I mean, the question is, Russ, is number two viable? Can you restrain spending, keep the tax rates low and go for growth at the same time as you restrain spending? I believe it is possible. And I think that President Trump has the only viable strategy to deal with the fiscal wreckage that the Biden administration has given us. And that is to extend the tax cuts, have deregulatory policies, open up energy exploration, have the economy explode, and restrain spending. And to restrain spending at the area that is easiest, because members have a vote on it every year. And the country hates it the most, which is the bureaucracy, and also to get rid of the welfare hammock that has kept people on the sidelines for far too long. You do both of those things, and now you're on a path to balance. And if you don't believe me, we put out budgets in every year but one under the Trump administration that got to balance with exactly that formula, and Congress refused to go along and pass those spending cuts, and so that it is certainly viable. And President Trump is doing one additional thing this time. He's running on the notion of empowerment, whereas the ability of a president not to spend money, and that is something that is an insurance policy against Congress being unwilling to go along with his future spending restraint. You know, the Biden budgets do not even on paper, do not get to balance, not even on paper. I mean, you know, much less any legislative package. Kevin Brady, I just want to ask you one thing before I lose both of you. This is a hypothetical, Kevin, the hypothetical. But if you substituted a 10% tariff for the corporate tax, is that doable? Is that a border adjustment tax that we talked about back in 2016 or 2017? In other words, I just looked at the numbers. This is back of the envelope stuff. With about $4 trillion in imports, 10% of that, you know, would be about $400 billion. Corporate tax revenues coming in a little more than $400 billion, but it's close. You could conceivably put a tariff in and take the whole corporate tax out. And I add, when you take the corporate tax out, corporations don't pay taxes. People do. You'd be providing a tremendous tax cut. What do you think, Kevin Brady? Is that remotely doable or a non-starter? You know, I think the numbers look like it's comparable, but I think the policies are much different. And I know as we proposed this border adjustment tax, we were trying to level the playing field between U.S. manufacturers and businesses and foreign competitors as well. So it was done in a way that I thought drove growth in investment and made us super competitive in the U.S. tariffs have a much different impact. I think they're as distorted as taxes. I worry about the exceptions and sort of the under the radar role it plays. They're not visible. That always scares me when taxes look stealthy and aren't known by consumers. Government likes to drive those up. So I think there's some there's red flags. I think from policy standpoint and the economic standpoint. All right. I just want to ask, I just want to throw it out there. We don't have time to pursue it in any great detail. But I know the subject pops up from time to time. I call it musings, musings. That's all. Kevin Brady, thank you for your musings, sir. As always, Russ Vo, thank you for your musings. We appreciate it very, very much, gentlemen. Coming up here on Kudlow, why are voters losing confidence in Mr. Biden and his economy? Just musing. We'll talk about this with Wisconsin Senator Ron Johnson and a couple other things as well. Remember, folks, Kudlow, available as a podcast episodes every weekday right after the show. You can get it on Spotify, Apple and Fox Business Podcast.com. I'm Kudlow. Be right back. 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. While these canals were built for FPL's plant, crocodiles came and made it a home team's here. Well, they've embraced it and they say the rest is history. This actually started with the accidental discovery of a nest in 1978. The plant and the canals were built in the 60s. Biologist Mike Lorett credits the location for the Crocs appearance. It's prime crocodile habitat and essentially they're attracted to come into our areas thanks to our raised berms, which allow the females to nest away from flooding. Nesting season started in April with hatching ending around August. Mike anxiously counts the newbies after last year's numbers broke a record with 565 hatchlings. Last year is going to be tough to beat. We had the the most hatchlings ever recorded in the history of the program since 1978. Thanks sir. Mike gets on his airboat, serving the area. We can see some of the egg fragments here. He shows us where the mom trailed into one of 40 ponds they dug providing fresh rainwater. So here it holds it so it keeps that film, that freshwater film, so that the hatchling crocodiles have access to fresh water for the first three months until they develop their salt glands and then they're ready to go up and out into the system. At night they collect the newborn Crocs keeping count. These efforts in the home FPL provided led to positive impact. The crocodiles population growth led them to being declared by the US Fish and Wildlife Service, a threatened species instead of endangered. Now part of their management program involves processing these five day old hatchlings. So Mike is going to go ahead and tag them and then they'll re-release them back into the southern part of their canals. Measure head length, weight, then we'll cut the unique scoop clip number. After you guys release them what happens? When we release them they're on their own and we'll go out four times a year and try to catch them again to monitor how much they've grown, how much they've moved and just find out the overall health of the American crocodiles here in the cooling canal systems. Okay can we release? Let's do it. Okay. Here you go little buddy. Reporting in Homestead, Florida, Brandy Campbell, Fox Weather. Hawaii's rainbows are iconic. So iconic in fact that they even appear on the state's license plate and now one atmospheric scientist here on Oahu has helped create an app that'll give you a good indication of where one of these rainbows might appear. It all started with an incredible sight from high up in the sky. It makes for just an unbelievable spectacle to see the full double rainbow. It's from the air in a helicopter. It's quite spectacular. Stephen Businger is a professor and chair of the atmospheric sciences department at the University of Hawaii in Manoa and after going rainbow chasing with a colleague in a helicopter he was inspired to create an app for everyone looking to seek out more rainbows. The pilot was looking at his radar in order to see where to fly to and that was just quite a fun spark because then we could envision putting an app together. So the two created the rainbow chase app that allows you to orient the viewer to the right place and looking in the right direction and letting them know whether or not a rainbow is even possible. It's all based on the science behind how rainbows are formed. Rainbows are formed when you have sunlight in one part of the sky coming down into a shower in another part of the sky. The light is refracted when it hits the water and creates a rainbow. It's a phenomenon best seen when the sun is lower in the sky either earlier in the morning or later in the afternoon. Wahoo is absolutely a rainbow capital of the world. Hawaii in general is. The mountain is terrain increases rainfall and there are often clear skies here following rainstorms, perfect territory for people to open up the app and look for a rainbow themselves. My hope is that it brings a bit of sunshine into their lives in a special way that lifts their spirits. On a Wahoo, Max Gordon, Fox Weather. The Big Money Show on Fox Business. The American Dream is there for the taking. We'll show you all the opportunities out there and help you see the big picture. The Big Money Show on Fox Business invested in you. All right, we're going to go straight to our own Edward Lawrence. At the White House, Edward, what's cooking? Yeah, student loan bailout plan. You know, two separate judges now have decided that they if they've halted the future payments of those forgiveness plans in Kansas and Missouri, the judges found issues in two different areas specifically related to this plan going forward. Now at the end result of this is a decision in Kansas and a preliminary injunction in Missouri will prevent any more money used to forgive student debt. Well, I'm afraid that he's not going to stop. You know, we beat him at the United States Supreme Court about this time. Last year on his plan A, he immediately almost simultaneously with that defeat rolled out of plan B. I'm sure he's got a plan C. Most recently, he's been on the stump bragging about how the United States Supreme Court told him he couldn't do it and he was going to do it anyway. At some point, this becomes a constitutional crisis. We know Congress has the power of the purse, not the president. So in a statement, the White House press secretary says the Department of Justice will appeal and quote the rulings won't stop the administration from using every tool available to give students and borrowers the relief they need. Those tools adding up the director of the Congressional Budget Office told me today, the student loan bailout ballooned the fiscal deficit to 1.9 trillion, the spending not slowing by this administration. And now for the first time a Federal Reserve Board of Director is saying that inflation remains high in part because of quote, open U.S. immigration policy that added millions of new immigrants in the U.S. over the past few years. Listen to this. So given the currently low inventory of affordable housing in the United States, the inflow of new immigrants to some geographic areas could result in upward pressure on rents as additional housing supply may take time to materialize. Yeah. So those inflated rents already in the system, it has a lag because of the size of the leases. Also, we know that shelter costs are a big part of the calculation of inflation. And oh, by the way, literally consumer sentiment came out today. It was a little bit better than expected. However, last month's were revised down. We'll have to see what the revisions are next month about today. Back to you. All right, everyone, Lawrence. Thanks very, very much for more on all this. Let's bring in Wisconsin Senator Ron Johnson. Senator Johnson. Welcome back, sir. I want to start with consumer confidence. You know, you look at the numbers today, the level of confidence actually dropped a wee bit in June. It's actually 10% below where it was a year ago. But here's the killer. It's hovering around 100 on the index. If you go back during the Trump years, that index was running about 140. In other words, it's more or less, 35 to 40 percentage points below where it was during the Trump years. And that spells a lot. That tells you a lot about it. Consumer confidence leading into care of the economy. What do you think, Senator Johnson? Why hasn't consumer confidence ever recovered under this current administration? Because people can't afford to buy things anymore. The metric I use is that the dollar you started with at the start of the Biden administration is now worth 83 cents. That damage has been done. It's not going away. And even though inflation rates are lower, again, people are suffering. They can't afford groceries that they're looking how the federal government is forcing them to buy electric vehicles. One of the reasons inflation is down, by the way, right? Interesting articles because the cost of used cars has declined because electric vehicles have much lower value because people realize they're going to pay 10,000 dollars plus replace a battery. Again, the Biden administration's policies are destroying this country. Throw on top of it the open border of flood of illegal immigrants. And people are, I'm sure, concerned about, I mean, are my wages going to be going up when there's so much pressure and competition for jobs? So again, across the board, people realize Democrat governance has been a disaster for this country. You know, that's it. That's really, I was thinking in those terms. In other words, consumer confidence writ large is consumer confidence in the leadership and the governance of the country. And when you look at the polling information, you know, the working class, I don't care, whites, blacks, Hispanics, Asians, you name it, young people, none of them have much confidence in the future. And therefore, they're going to look for a change from this administration come November. And they're going to lean towards Mr. Trump. But I think that's what these consumers kind of, I mean, these numbers are sort of hovering and Wall Street gets all excited about three tenths of a point here and two tenths of a point there. The reality is they're 40 points below where they were turning the Trump years. And to me, that says there was more confidence then than there is now. And most remarkable areas back in the Trump years, you had a media telling Americans how miserable they had to be under the Trump administration, where now you have a media pretty much sweeping all this disaster, all this misery under the rug, but not admitting to it. But again, people recognize reality. They see these endless wars. They see America spending money on, you know, trying to control somebody else's border rather than our own. So again, they just, they've lost confidence in government. They've lost confidence, they've lost consumer confidence as a result. One last one. This student loan business. Okay, we talked about it earlier in the show, my riff, the vague Rama Slami. But reality is just outwardly, brazenly, in response to what these federal district court judges are saying, and in response to what the Supreme Court itself said a while back, Mr. Biden says, I'm going to forgive student loans. We're going to cancel student loan debt anyway. Okay. You know, my hope is that Mr. Trump asks Mr. Biden how he can brazenly just break the law. I don't have confidence that the CNN people will ask that question. Maybe they will. I'll be surprised pleasantly surprised. But I mean, really, Supreme Court, you got federal district judges, actually their Obama appointees, and they say you can't do it. And the Biden said, we're going to do it anyway. What do you make of that, Senator Johnson? Well, Larry, it's also Nancy Pelosi, the Speaker of the House of Representatives, said that President Biden did not have the authority to do so until he did it. And then she was all okay with it. But now it's grossly unfair. It's unconstitutional. I feel sorry for these kids who have been enticed into this massive debt, particularly those who have degrees that the marketplace doesn't value so they can pay them up. But it's grossly unfair. It's not particularly popular, except for that small slice of Americans that are getting their loans paid off. Yeah, there you have it. Senator Johnson, as always, sir, we appreciate it very much. Talk soon. All right, folks, let's bring in some replacements. How about this? Joe Concha, Fox News contributor, Mark Simone, WR radio show, Hall of Fame host, et cetera, et cetera. Mark, why does Joe Biden need 16 advisors for his debate prep? Donald Trump's out raising money on the campaign trip 16, really? Normally it's two or three. Sometimes four have checked the history. It's never been 16 debate preppers. Apparently, according to reports, the reason they're at Camp David, they've taken over in an airport hangar there. Normally, you have the podiums get used to that. They've duplicated the whole debate set, the lights, the equipment, the cameras, cognitive patient. I don't know that that's Joe Biden, but it's the technique they use. You're supposed to get them very familiar. Make sure he's in very familiar surroundings. So six days in that set, we'll get them very familiar with it. I know they have them standing up for 90 minutes twice a day to get them used to that. It's unlike any debate prep, but the promise you can over prepare a candle. By the way, I think I still have most of my marvels. It would drive me crazy. Every day, twice a day, and they're going to throw 16 advisors, they will throw so much information at him, Joe Conch. He won't know anything. He will forget it all. You know what? I might not even blame him. It's so loony. TMI, right? Too much information. And when you consider Biden's mental acuity, this may fry the CPU when you have all of that being thrown at him. And Trump should ask at some point during this debate, why Joe, did you need to be removed from civilization and isolate yourself like James Con in the movie Misery? Remember to go up to the cabin until he was tortured by, I think it was Kathy Bates, right? I mean, you've been president for three and a half years. I mean, don't you know your own record by now? And to Mark's point, 16 guys? I have 16 guys on my softball roster. Why do you need that many people? So you're going to see a Biden that is probably packaged and homogenized, and you're going to see Trump freewheeling. The question is, which Trump do we get? The one from the first debate, who is angry and tried to bulldoze Biden? Or does he sit back and let Biden be Biden and let the onus go on him as far as speaking extemporaneous? I will say until I'm gone that he was off his game, Mr. Trump's office game in the first debate because he was not well. Yeah, COVID, right? I had COVID. Yeah. He had COVID because I was in with him for only a few minutes before that debate, and it was clear to me that he was not well. And I think that affected him, but he's going to be much better this time. Let's, I want to talk about some important issues. Let's put up the new, most important tax related sticker for this debate. It's coming up. Go ahead. Come on, roll them. Roll them. Here it comes. All right, Trump, don't tax your tips. Vote Trump. Okay. I say say it's a sticker. I was hoping it was a button that actually could be worn. Mark Simone, politically, that's a winner, is it not? And you think he's going to use it in the debate? It's poll numbers among refugees. It's a separate poll. 100% under me. I got it. I think it's a brilliant idea. I think he's also talking about no income tax. These are all brilliant ideas. But you say tax cuts for the rich, obviously not if it's restaurant employees, workers in the service industry, they deserve this more than anybody winner. I think it's a winner politically. I've got some of my wonky friends say it's not a winner in terms of policy. To me, it's so simple. Either taxes are going up or down. In this case, they're going down. That's a winner. It's a populist message. A populist message. That's all it is. And a state like Nevada is. You think Joe Biden will come out against it? Wouldn't that be something? Seriously. No, I'm opposed to tax-free tips. This is what I mean. If Jake Kapper or Dana Batch is going to ask that question and they won't, then Trump should just look over across the table and say, Joe, do you believe in no on tips being not taxed? Yeah. And let's hear him answer. Or Joe, explain to everybody watching at home what Remain in Mexico is. And why do you not support that? Or why are you against border wall construction? Ask the questions that you know the moderators won't. And let's see Biden actually have to answer them. All right. The other one I want to just raise. We're going to have a fight. Mr. Trump says he's already decided on who his vice president's going to be, but he ain't telling anybody. Okay. We had a situation on set. A very good friend of mine, Doug Bergham, the governor of North Dakota, looks a lot like George Washington. Let's put this up on the full screen. Now that could, I mean, Trump, I'm delighted to say a lot of people saw when we had this conversation on Friday's show. I asked him how long he's looked like George Washington, and in good years, 10 seconds or 10 seconds ago. But this thing's going around the media quite well. Is it going to hurt or help his chances of being by President Mark Simone? I ask you. I think you just got him a nomination. You know, if you watch Trump through the years, the Trump organization, he always goes with the older distinguished looking business guy, George Ross, the guy in the apprentice, Alan Weisselberg. And last time he had a pick of vice president, he picked the older distinguished looking guy. I think that's going to help Bergham. Can we put the two on the full screen again? I want people to take a look at it because I'm going to ask Joe Conchich. Yeah. Which one is Doug Bergman and which one is Joe as Washington? Let's see Bergham's on the right, right? No, no, he's on the left. I'm not, I don't know if I'm seeing the Washington thing. He looks more like the one-armed man. It's not from the fugitive. You have to sort of digitally age Mr. Governor Bergham to really see it coming out. Help or hurt him for vice president. I'll get it hurt, right? It's George Washington, you know. But isn't this funny how Trump has played this out? It's like watching the apprentice all over again. Who will win, right? This is the season finale now at this point. And wouldn't it be interesting if he announced this at the end of the debate who his vice president will be? And then that person is contrasted against Kamala Harris. Let's put it this way. If you picked a name out of the phone book, that person probably would do well against Kamala Harris. But boy, I'd really love to see you again. He'd be a tough debater. It'd need to be very good. Conchich, thanks very much. Mike Allen, thanks very much. The Mater D's vote, no taxes on tips. Coming up here on Kudlow, what happened to dehumosification in Israel? It just seems like everyone's lost their way. Meanwhile, the Israelis have got to do what they're going to do. We're going to ask Florida Congressman and foreign policy expert Mike Waltz, up next on Kudlow. Thank you, fellas. I try to bring a positive perspective. People may call that naive, but I've got a pretty good track record. Kudlow coast to coast on Fox Business invested in you. A recent survey from eBay finds that Gen Z is more likely to sell the second-hand stores for extra cash. And they're also more likely to buy from them. So with this generation driving re-commerce thrift store owners in Risa websites are finding they're bringing back the 90s. We've got denim on denim on denim for days. This is what the girls loved back in the day. Bam, that with a pair of denim shoes and a couple of big necklaces and you were in. At Bridge House thrift store in New Orleans, the store manager says clothes from the 90s don't stay on the rack for long. They're looking for one of a kind items. They're looking for items that necessarily their friends are going to have and also something that has a story behind it, something that has some history. But it's not just the clothes making a comeback, iconic toys and collectibles like Pokemon cards and Polaroid cameras are some of the most popular searches on eBay. This feeling of nostalgia for items from the early 2000s and late 1990s is really strong. We actually saw last year more than 3000 searches for Pokemon trading cards happening each hour on this site. We see cards go for hundreds of thousands of dollars or certainly tens of thousands of dollars more frequently thrifting and buying second hand has only become more popular since the pandemic with Gen Z becoming the most likely buyers. eBay surveys find 80% of Gen Z purchased a used item between 2021 and 2022. And they're also more likely than other buyers to cite sustainability as a reason for buying used. They're not wanting to contribute to the pollution problem and the waste problem that we have in the community. This idea of sustainability is something that really struck a chord, especially with younger generations. And we see that only picking up steam on eBay. With the popularity of thrifting growing with the younger generation, some shoppers have been complaining online about price hikes at stores like Goodwill and Salvation Army. This thrift store here says they're able to keep prices reasonable because of the donations they get from the local community. In New Orleans, Rebecca Castor, Fox News. [Music] Whether it's commercial, private, military, or corporate planes, aircraft mechanics are crucial for safe flights. But there's just not enough of them to go around right now. Some of the students at this school's program are hoping to fill that gap. I kind of think of myself as an airplane doctor. When I was younger, there was a program called Operation Purple where they would send military kids to a summer camp for a week. Army National Guard came in one year and they brought a Black Hawk helicopter. And little eight-year-old me, nine-year-old me. It was like, that's the coolest thing ever. Anne Hagg, Stren and Justin Bosco love all kinds of aircraft. They're two of 12 students about to graduate from the Aviation Maintenance Technology Program at Southwestern Illinois College. It's really interesting. Every day is different. The money you can't really complain with, especially with, you know, everyone retiring. Those retirements are helping to drive the shortage of mechanics. We had the baby boomer generation and that's what filled the workforce. And now they're all retiring. So this is, you know, the next large wave as it were, all the people now need to start filling in all the spots that are being vacated by people who are retiring or at that age. A recent report expects the aviation industry to have a shortage of 12,000 to 18,000 technicians this year. And that number is projected to grow. They don't have enough mechanics. They can't produce certain amount of hours that, you know, inspection stakes. So they may have to downplanes or extend planes maintenance activities longer, which could disrupt travel. But some commercial airlines like Delta don't anticipate issues. Delta says they're getting ahead of the shortage with a strong pipeline of workers through partnerships with schools and other recruiting efforts. In the meantime, these future mechanics are ready to get to work. I'm glad that there's jobs available. I really hope that a lot of people join us so that we don't end up with like having to work overtime and being stressed out. Nearly one third of the current aircraft mechanic workforce is at or near retirement in Granite City, Illinois, Madison Scarpino, Fox News. So what happened to total victory for Israel and dehumosification, which was a goal. Joining us now is Florida Congressman Mike Waltz, an expert on foreign policy. Mike, thank you very much. You know, our friend, John Bolton, I served with him. John wrote a good piece today in the Washington Examiner. We should eliminate not one cubic inch of Hamas's tunnel network should be remaining. And he goes on to say there should be widespread agreement with the Arab states, including financing for a comprehensive dehumosification. Mike Waltz, we just don't hear anything like those two conditions at all. It's like we've all lost our way on this war. What do you think it about? Well, I mean, I don't think we've lost our way in Congress, but this administration is obsessed with a ceasefire. And that's because of pressure from the progressive left. I fear that one, they're going to force Israel to basically allow Hamas to survive. Hamas has already stated more October 7th or in their future. And as they very publicly seek to constrain Israel, Biden and Schumer in the administration, that's actually inviting Iran to be a more aggressive and inviting Hezbollah to be more aggressive, Hezbollah has tripled the number of drones and rockets just in the last month that they're firing into Israel while you've got over 100,000 Israelis internally displaced as refugees. At the end of the day, the IDF is going to have to clear Hezbollah out or what the administration should be doing is leading an international coalition on Iran. They should be flooding the world with American oil and gas to drive down the price of oil. That bankrupts Iran's war machine. And at the end of the day, put in place the secondary sanctions that the House already passed on Chinese buyers and brokers in shippers of Iranian oil. Larry, you know, it's all about the cash coming from Iran. And as long as Iran is flush with cash, all of this instability, all of these wars are going to continue. They're the root of the problem. You know, Mike, you're a thousand percent right. Honestly, I mean, I've said this a million times China right now by buying Iranian oil and violating the sanctions. And I might add buying Russian oil, violating those sanctions. China is financing two wars against the United States right now. This is what China, but you never hear a peep out of the Biden's and I'm sorry, you go ahead and Larry and Larry, then China gets an additional benefit. They get a bonus. Our military, our aircraft carriers, our ships, our munitions are wearing themselves out in the Red Sea and in the Mediterranean instead of being in the Pacific where they would deter against China. So it's a triple threat going on right now. Are you advising President Trump on this on the eve of this CNN debate? Are you advising him on this? Because I think these are key points, Mike. Well, I mean, we certainly talk about it whenever we see each other. I'm not going to label myself any kind of advisor, but he knows drill, baby drill not only solves domestically, but it also dries up Putin's war machine and it drives up Iran's war machine. Our biggest advantage is our energy dominance. And this administrator, what does Biden have? He's got a ban on American LNG, making the world by Russian LNG. I mean, Russian gas. It's crazy. It's insane. Yeah, if we knock down the price, if we drill more, put more supply and we knock down the price, we'd be crippling our enemies. But there you have it. Congressman Mike Walts. Thank you, sir. We appreciate it very, very much. Talk soon. Folks, I'll be right back with my last word. Attention, online shoppers. Amazon has set its prime day sale for Tuesday, July 16th at 12 oh 1 a.m. And it runs through Wednesday, July 17th. It's the 10th time the retailer has held the summer sale, which prompts other retailers to offer deals. This year, Amazon is promising new deals dropping as often as every five minutes. Walmart's deals kick off July 8th at 5 p.m. Eastern time and continue to July 11th. And tech this out. Your Instagram and Facebook posts could be training AI tools. European regulators now forcing meta to pause its plan. But here at home, the tech giant has already been tapping into posts in September. The cyber guy says to opt out, set your Facebook or Instagram accounts to private. You can go to menu settings and private settings, tap posts with an audience and visibility section and then change to friends or only me and never have it on public. Meta releasing a statement saying, quote, we're committed to building AI at meta responsibly using publicly available information to train AI models is an industry-wide practice and not unique to our service. That's business. I'm C. J. Papa. Airmen from the Air National Guard, 109th airlift wing regularly travel all the way to Antarctica to assist scientists as part of Operation Deep Freeze. Here to further explain is Navigator for the 109th airlift wing. Major Jefferson would. So what exactly is your mission in Antarctica? And what kind of work are the scientists that you are transporting doing out there? So the 109th airlift wings mission is to provide logistical support to the scientific researchers who operate in Antarctica. A lot of people don't know, but the United States in Arctic program operates a research station in McMurdo, which is on the coast of Antarctica as well as right at the South Pole. And part of our job is to ferry supplies from the base in New Zealand down to the Antarctic base at McMurdo. And then once we get to McMurdo, we're ferrying supplies for the scientists as well as the scientists themselves to their research stations, both at the South Pole and elsewhere around the continent of Antarctica. And we're looking at conditions. It looks like conditions that would really delay most airplanes, but how is your aircraft customized so that it can take off as well as land in the kind of weather you find in Antarctica? Sure. Yeah, obviously, when you think of Antarctica, you think of a whole lot of snow and ice, and that's true. There's not really anywhere to put a gravel runway on the Ross ice shelf, which is where the research station is. So our landing fields actually directly on the ice on a 70 foot thick piece of floating ice at the edge of the Ross ice shelf. That is wild. I mean, gosh, it almost looks like a penguin sliding on its belly down a hill there. Have you ever had bad conditions? You know, bad conditions that were so bad you couldn't land? Well, that's that's the interesting thing about this. So it's about a 2,000 mile flight from New Zealand down to Antarctica in our aircraft, and we only have enough fuel for a one-way trip. So regardless of what the weather is, we have to land. Hello to our viewers in Israel. Thanks for watching Fox on Partner. If you want the latest reports from our correspondents, visit foxnews.com and foxbusiness.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 comfortably. The markets at your fingertips get the latest from Wall Street to Washington with the inside investors need. So 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. Let's get right down to it. Download the Fox Business app from your app store or scan the QR code on screen now. All right, last word, just some summer fun. We're going to show Governor Bergam and George Washington again. They really do look alike. There is a lot of resemblance. But then again, I got a new contender. I've got David Asman, look alike with George Washington. Oh, no. From the Fox News Podcasts Network, I'm Ben Domenich, Fox News contributor and editor of the Transom.com daily newsletter. And I'm inviting you to join a conversation every week. It's the Ben Domenich podcast. Subscribe and listen now by going to foxnewspodcasts.com.
