So what's it like to buy your first cryptocurrency on Kraken? Well, let's say I'm at a food truck I've never tried before. Am I gonna go all in on the loaded taco? No, sir. I'm keeping it simple. Starting small. That's trading on Kraken. Pick from over 190 assets and start with the 10 bucks in your pocket. Easy. Go to Kraken.com and see what Crypto can be. Not investment advice. Crypto trading involves risk of loss. Crypto currency services are provided to US and US territory customers by the Payroll Interactive Inc. PWI, DBA Kraken, UPWI's disclosures at Kraken.com/legal/disclosures. Walmart has the trusted brands and products your kids need for school. Like HP Chromebooks? Yep. Reebok hoodies? Yep. Pokemon pencil cases? I think you know the answer. But just in case, yes. Go back in a style with Walmart. Hey, financial-- [MUSIC PLAYING] Hello, folks. Welcome to Cudlow. I'm Larry Cudlow. Stocks are big today. They have to get encrushed Wednesday. So I want to know, is this a Trump rally? Is this a Kamala rally? Is it your mother-in-law's rally? Or is it a no one really understands rally? I don't know. In fact, maybe it's a Jerry Willis rally. How about that? Our own Jerry Willis, standing by, was more of this. Jerry, what's cooking? I got to tell you, it's all in the green today. Good news no matter whose rally it is. Investors weigh tame inflation data, rate cut optimism, soaring as a result. The Dow back above the 40,000 level you can see right here, up 1.64%, 654 points. The S&P higher by 59. The NASDAQ, which has been in the toilet, up 176 points. The Federal Reserve's preferred inflation gauge, hitting its lowest level in more than three years. Core PCE, that's personal consumption, expenditures up 2.5%, June-to-June, all just in time for next week's Fed meeting. Hopes high for a September rate cut. Meanwhile, tech and cyclicals propelling the broader markets as earnings continue to be a positive story. 3M, the big performer on the Dow, the maker, post-it notes of all things, up 21% on a positive earnings outlook. And you'll want to keep your eyes on tech next week. Apple, Microsoft, Amazon will all be posting results. Back to you. All right, well, see, I just can't figure. Wednesday was clobbered, was probably down 600. So today is up, whatever it's up, 700. That's really something. I don't know, anyway, thanks for your reporting. We appreciate it. You're welcome. All right, folks, we're going to get back to this breathtaking stock market. Trump versus Kamala versus your mother-in-law story. We've got Kevin Hassett and Steve Forbes waiting in the wings in just a couple of moments. But, but, but first up, I want to know why no one besides Bibi Netanyahu is talking about we when they lose total dehumosification. That's the subject of the rift tonight. While thousands of useful idiots and anti-Semites were protesting, oftentimes violently, Prime Minister Netanyahu met privately with President Biden, Vice President Harris, and then former President Trump. So that's a lot of meetings. Perhaps it represents three separate governments for all we know. But I am concerned that even after his stirring, inspiring, forceful speech before Congress, the Prime Minister seemingly has not made any real progress towards convincing the leaders of all these potential governments that they must support Israel's effort to destroy Hamas. In other words, finish the job. Take a listen to this. When the forces of civilization to triumph, America and Israel must stand together. Because when we stand together, something very simple happens. We win, they lose. There you go, and I think he is totally 100% right. But if you read the readouts from the three meetings, you really don't find any reference to that kind of Netanyahu rallying cry. At least Mr. Trump talked about stopping Iran. But in the past, he has seemingly favored a total victory by Israel in a short period of time. Perhaps he said that privately to Netanyahu, but it was not in the readout, nor the presser that followed their meeting. What he did say, referring to his successful pro-Israeli accomplishments, like moving the US embassy to Jerusalem, and of course, the pathbreaking Abraham Accords, what he said was he couldn't understand how any Jewish people could vote Democratic. Well, perhaps so. But with San Francisco socialism running wild on the ballot, I personally don't know how anybody can vote Democratic, just as an aside. The Kamala Harris people put out a statement and see much more concerned about Hamas and their Palestinian co-conspirators, garbling some gibberish about not seeing the war and Gaza through a binary lens. What does that mean? And talking about the complexity of the situation, sounds like she's leaning away from Israel, which is what a good San Francisco radical progressive would be expected to do. But not so long ago, there was a lot of talk about dehumosification, comparing it to denacification during and after the Second World War. That's the we win they lose scenario. But I don't hear that anymore. There's a lot of talk about a ceasefire and a hostage release, but details are scarce and the whole story seems vague. Of course, Hamas still has not told anyone who and how many hostages are still alive. There are American hostages that may still be alive, but neither Biden or Kamala ever seem to talk much about them. Biden's whole goofy floating peer plan to deliver humanitarian aid completely fell apart in a couple of weeks. But the liberal media doesn't want to talk about that anymore. And it's hard to tell whether Prime Minister Netanyahu, who is a very brave man, is nonetheless boxed in by a combination of unruly domestic Israeli politics, as well as a lack of support from the Biden/Kamala administrations. So my last thought is when consensible people who know the difference between good and evil get back to we win they lose. And that's my riff. We'll come back to this later on with distinguished Congressman Mike Waltz. Anyway, let's go back to the economy in the stock market, joining me now Steve Forbes, Forbes media chairman, editor in chief, and Kevin Hassett, former chair of the Council of Economic Advisers, and I'm welcome as always. Steve Moore, as an aside, you know, you know a ton about foreign policy. I just-- I know I'm mixing apples and oranges in this for a segment. But am I wrong? I mean, I don't see the kind of support that baby Netanyahu deserves so that we win they lose, just as a quick aside. Well, in the world we live in today, we make a profound impression on Russia, on China, and on Iran itself. If we fully support it, Israel. They've made great progress in Rafa. He's pointed out the civilian casualties of the lowest running kind of urban warfare in recorded history. And the more they get that thing done fast, the better off we'll all be. And so he says victory is near, so let victory happen. And to do the de-homization of Gaza, he laid it all out. And the fact he laid all the facts out seems to have gone over the heads of some of these people. I know. And it's not just about Gaza. It's about world safety. We're in the most precarious situation since the 1930s, especially with US weakness, cutting defense spending and the like. And so Israeli victory there was profoundly important because you got Hezbollah. You've got a war brewing in northern Israel there. And Iran is on the verge of their virtual nuclear power now. They're getting missiles to be able to deliver that stuff to the United States, not to mention Israel and the rest of the world. So what are we doing? Win when we can win. Take advantage of this opportunity. And you have a lame duck in the White House. I'm blaming the more in one way is the one. Yes, it's a national security risk there in the White House. There's no question about that. Everyone has said that. Or nearly everyone has said that. All right, well, I appreciate your point of view. Anyway, Kevin has it. What's going on here? Stocks are weird. I mean, today was a big day on the upside. Wednesday was a big day on the downside. I'm sure you saw the numbers. But basically, the first half of the year, real GDP was up 2.1%. And the Fed's preferred inflation measure was up 3.3%. It's not awful. But it's not fabulous, Kevin. And it's a question I asked David Malpass last night. Can't we do better than this? Oh, we sure can do better than this. And we should shoot for 3% growth, as we did when you and I were in the White House. But I think that what's going on in markets is partly what we see of the data. But also, if you just go back and take a look at what's going on in the tech sector right now, it's unbelievable how much creative destruction there is out there. You know, one of the big pieces of news today was that OpenAI is going to compete with Google and have like a chat search at OpenAI. And so think about it. Google's kind of a big monopoly that's been, you know, taken an extra penny every time you bought anything on the internet for a while. And now there's competition there. And so I think there's a lot of creative destruction in this economy. It's being led by AI and the tech sector. And it's causing productivity to be higher than we expected. And then we expected it in the stock market to be as well. And I think that's the base case. Now, the Fed cutting in September, it seems like people think they're going to do it. But I think it's a huge mistake if they do. GDP is still in the 2 and 1/2 range. Inflation's still above target. And it's right before an election. And you know how President Trump's going to respond to that. And they don't need to get into the political fray. Yeah, I agree with that too. You don't see it before, but ironically, even with this tremendous regulatory wet blanket thrown over the economy by the Bidens, with all the high energy costs, and after all, consumer prices are up 20% over the course of Biden's term. I mean, they've come down, the rate of increases come down, but the level of prices is still up 20%. And that leaves wages negative 4% for average weekly wages for a typical working family. So it ain't such a hot story. But I will say this, this thought has occurred to me. What little life is in the economy? Remember, the Trump tax cuts, both the corporate taxes and the individual tax cuts and things like the standard deduction, they're still in play. They're still in use. And I think they're supplying the only genuine juice to the economy. Well, when you don't crush the economy, you have all this entrepreneurship. Remember, back in the 1970s, you remember that terrible decade, look at what was happening. FedEx was being created, Apple was being created, Microsoft was being created. So you have this wonderful creativity out there, and we see it in AI today. That is what's saving the economy. Not Washington and the doing in spite of what Washington's doing, but if you let these people back in to, again, Kamala Harris, they're going to crush it with regulation. They already want to strangle AI. They already want to strangle the whole auto industry, the banking industry, air conditioners. Hey, boy, when the summer, the heaters, the freeze in the winter, all in the name of, I don't know what, but what it is, at every modern convenience, they seem to be against and want to regulate into oblivion. It's sort of a 19th century thought. You just express there, and all modern convenience is, Kevin Essett, what happens with it, Kamala? What if we have the Kamala president? What does that mean? Well, the one thing I want to add to what Steve just said, just as it aside, is that the reason why we're flourishing right now is that most of the places that are flourishing are so new that there's nobody in government that even understands what they're doing, or even trying to regulate them. And so that's the story of the American economy right now. But Kamala Harris, you know, she had the most liberal record. They're trying to wipe the record, cleaning that of anybody in the Senate. She's the only senator that never ever co-sponsored anything with a Republican. And so she's a very, very far left person who's going to give you a lot of like the Biden first year policy, so there's going to be an explosion in spending, big tax hikes, runaway inflation, and probably a recession. But maybe Congress won't pass the things that she wants to do. But if you go back and look at her record, before they race it off the internet, you won't believe it. It really is a San Francisco socialist in the Senate. That's her record. Yeah, that's true. They try to race it off the internet, all the bad stuff. But Steve Forbes, there's still this affordability crisis. GDP is one thing, and it's OK. It's growing at 2%, more or less. It should be growing at better than three, as Kevin suggested. But prices have risen faster than wages for the duration of Biden's term. Inflation has a long tail. And it's burying what middle class people take home pay, as Ronald Reagan used to put it. And I still think that's the Achilles heel of so-called Bidenomics. And I don't know how-- it's kind of like open borders. Kamala Harris was the czar, and she failed. She's trying to wriggle out of that, but she can't. We're going to get to that later in the show. But on this point here, the affordability crisis, Kamala Harris was the co-pilot. She cast a decisive vote for the 2021 Bill, the American Recovery Relief Bill, $1.9 trillion. Then later on, the next year, she casted a deciding vote for the misnamed inflation reduction act of $1.2 trillion. She's going to have to accept that. She's going to have to rebut that. How'd she get out of that box? She tries to deflect it by saying you've got this evil man, Donald Trump, out there. All over the boogeyman. And that's the only thing they have to really to run on. They'll try to bring the abortion issue up. And what he's going to respond is, do you believe in fantasize, you know, having a killing baby's right up to the moment of birth? So you hit back at that. So all they can do is go on personalities. And by the way, the cost of living is even worse. As we've discussed, it excludes interest rates. The interest to pay on car loans, interest on mortgages, interest on credit cards. That's killing people. We have to make though. If you don't pay those minimum fees, guess what? It just gets deeper and deeper in debt. Other than credit cards, which were not that widely used, that used to be in the CPI, those personal cards. Yes, they were. Especially the mortgage rates. And I think the car loan rates were too. I just don't think they quite had the credit card rate. So that's an important point. Kevin acid, I'm just going to ask you a final thought. 10 seconds. You buy in a cell in the stock market. Oh, I'm buying, for sure. You know, I think that right now there's so much technological innovation coming that it's going to be a great three or four years in the stock market, even if Kamala Harris wins. Ooh, Steve Forbes. I would agree, except we're going to fight regulatory socialism because they don't need Congress to pass these crazy laws like banning the internal combustion engine. That's the real fight. Kevin had it right, except for those last four words, I think. It was those last four words. Sorry to interrupt, Larry. Gentlemen, thank you, honor for having you. Thank you, Steve Forbes and Kevin acid. All right, folks, coming up, a half a dozen Democrats voted with all the Republicans to condemn Kamala Harris for her failure on the border. And by the way, in that resolution, she was the boarders' arts right there. Anyway, we're going to talk about that and other things. With super congresswoman Claudia Tenney and Congressman Pat Fallon of Texas, if I'm not mistaken, all that when Cuddler returns. And remember, folks, you can catch Cuddler Monday through Friday at 4 p.m. right here on Fox Biz. You can't catch this at four, please. Text your favorite nine-year-old. And she will show you how to DBR the show. And you will never miss a supply side tax cut. I promise you. [MUSIC PLAYING] [MUSIC PLAYING] Salt Lake City, Utah. They are hoping when they build here, it's going to be permanent. But the Great Basin was no pioneer's first choice. [MUSIC PLAYING] It's just desert. The Salt Lake Valley was the last place on the planet that a lot of these people thought they wanted to be. And they came here and they said, what do we get ourselves into? There is nothing here. There is no train. There is no seaport. They were tough people. They had to be. The first Mormons to arrive built a meeting place out of tree boughs. They called it a bowery. Bowery's were just a bunch of branches piled on top of a wooden framework. It was really rough. It was meant to be temporary, but it just to give them shelter someplace to get out of the elements to have meetings. If the wind is blowing too hard, you're canceling church. If it is snowing, you're canceling church. So Brigham Young built a more permanent tabernacle. [MUSIC PLAYING] The old tabernacle was important because it was sort of a test case for the present tabernacle. And it had a peaked roof, but they experimented with plaster ceiling that was curved like a barrel vault. The pulpit was on the long side of the building. But if you were on the end, it was hard to hear. Acoustics were everything to these people. Because the church believes in prophets, believes in a revelation, you need to be able to hear what he says. So Young moved his pulpit to the end of the hall and built a rounded wall behind it. [MUSIC PLAYING] They were very much making it up as they went. They really didn't know how acoustics worked. Brigham Young designed curved walls in his tabernacle so his voice would reflect out. But he got too much of a good thing. [MUSIC PLAYING] They discovered very quickly that there was a very long echo that made it difficult for people to understand whoever was at the pulpit. There's too much noise. If there's a crying baby, the entire meeting is ruined. But the Mormon pioneers were not about to give up. [MUSIC PLAYING] In 1869, they added this balcony and discovered that it made a big difference in reducing the echo. But to truly stop the echo off the pine wood, they brought in pine boughs. They have Christmas trees basically dropped from the ceiling of the tabernacle. And that is finally what deadens the noise in the building enough so that you can hear what goes on inside. After years of planning, struggle, and improvisation, the Great Salt Lake Tabernacle was finally ready for the world. And so was its heavenly organ. [MUSIC PLAYING] This is one of the great organs on the planet. And I pinch myself every time I come in and play it. This building, it's jaw dropping. When I go in there and I hear that organ play, you feel it almost in your bones. It just shakes you. [MUSIC PLAYING] Hey, if you're traveling, I want you to go to Fox News, hotels.com, for a list of hotels, airing Fox. Nobody. The consumer is strong. The balance sheets are strong. Breeze you, America's business news. There's so much going on. And what it means for you. You want to get some breaking news to you right now, Fox Business Alert. Like Fox Business, keeping you ahead of the curve. All the insiders selling by some of the richest people on Earth. With insight into the impact of US and global markets. That's where the recipe for inflation comes from. The people you can trust. That's absent, Bob, with this. Fox Business, America's Business Network. All right, the House just passed a resolution blasting Kamala Harris for being the border czar and completely failing. Fox News, Griff Jenkins, got a lot of details for us. Griff, what's cooking? Hey, good afternoon, Larry. Well, Democrats in the White House are trying to spin the border crisis as a positive for Harris. Believe it or not, they're claiming she was not the border czar arguing instead her role was limited to the root causes of migration from Mexico and the Northern Triangle countries. But Larry, the numbers don't lie. Take a look. According to CBP data, under three and a half years of the Biden-Harris administration, illegal crossings of migrants from Mexico, El Salvador, Guatemala, and Honduras. That's Northern Triangle are up 140% over Trump's years. 4.3 million recorded under Biden-Harris to Trump's 1.8 million. And that doesn't begin to capture the unimaginable loss suffered by Americans like Rachel Morn's mother. Watch. Vice President Harris, according to White House, she was supposed to go to Central America and find out what the root cause was for the immigration and deal with it there. The last count was 8.7 million illegal immigrants coming into our country. If it was any other country, it would have been considered an invasion. Now worth pointing out, not all Democrats are on board with this rebranding of Harris and the border czar debate. Six of the Democrats joining House Republicans yesterday passing a resolution condemning Harris as a failed border czar. And Republicans are questioning too, Larry, whether Harris's role was limited to root causes. Why then didn't she once meet or speak with the current or previous border patrol chiefs who are most familiar with those push factors that drive migration from that area? Who knows? Finally, Fox has learned one last thing. Larry, that is there have been more than 200,000 known Godaways this fiscal year alone, which adds to national security concerns. Larry? - All right, Chris Jenkins, great stuff. Thanks ever so much for the report. Join us now in the New York Congresswoman Claudia Tenney and Texas Congressman Pat Fallon. To both of you, thank you for coming. Claudia, you know, part, I mean, she was the czar. You can't get around that. It's been a disastrous story. You can't get around that, oh, borders. I don't know how she gets out of that box. As Griff suggested, she didn't talk to the border chiefs, the border patrol chiefs at all. But also, as you probably know, she also talked about defunding or getting rid of ice all together. Okay, how about that one? And she accused some of the ice and patrolmen people of being part of the Ku Klux Klan. I mean, that even, you know, what is it? It adds icing on the cake. In this case, it subtracts the cake and the dish the cake sits on. - Yeah, look, we've got to be careful with Kamal Harris. She has a horrible record. She cackles. It's easy to meme her and make fun of her and have, you know, make some, you know, kind of attacks about her personality. But her real record is abysmal. As you pointed out, whether it's the illegal immigration, the failure to fall through. The fact that, you know, Joe Biden blatantly stated that he hired Kamal Harris because she was basically a diversity, equity, and inclusion here. He wanted to hire a black woman or a person, a minority woman. But, you know, look, every woman feels that way. You know, you want to make sure that you are not that diversity hire. I know that's how I've always felt when I was the first partner in my law firm, all those things. I was like, but I think Trump needs to be careful here because we need to really focus on her record. And I think it's important because her record is terrible. She cites wrong information, her terrible take on Hamas. She cited the ministry of Gaza that was coming from Hamas for, you know, the casualties and what happened in Gaza the other day, instead of citing, you know, with UN, which is not as much more credible, but more credible, credible sources. What she is, the bottom line to me, Larry, is she's uninformed and she's lazy. And she's just going to go out there and try to run this fluff campaign. I think the best attack on her is going to go at her on substance because she doesn't have any. No, I agree. She doesn't scratch the surface with her. You're getting it more surface. No, I agree. Look, I don't, I don't know. She herself was a so-called DEI pick as deep. I don't know that I have not said that, and I'm not going to say that. I do know that in addition to all of her economic mistakes and open border mistakes and foreign policy mistakes, I do know that she is a supporter of DEI across the board, and DEI is having a very bad influence throughout America. Pat Fallon, I want to bring in on this point 'cause I think there's, I'm not calling her herself a diversity pick. I don't know that, you know, I have no idea. But I'm just saying that DEI is the opposite of merit, and DEI is the opposite of traditional American families and their culture and their morals. That's the problem. DEI is those crazy useful idiots protesting violently outside of Bibi Netanyahu's brilliant speech on Israel the other day. That DEI fostered anti-Semitism and still does to this day. In fact, I got one more for you that I forgot about this, Pat, but here's another one. You recall, both of you recall, the Biden administration passes an infrastructure bill, it has $42 billion worth of broadband that's supposed to be connected to rural areas and urban areas, you know, unserved areas. So now, two years later, not a dime has been spent. Not one single household in need has been connected from this money. And you know what the major reason is, Pat? The DEI qualifications and stipulations that have stopped builders from building and so forth. What do you think of that? That's, to me, the problem with Kamala Harris and DEI. - Well, Larry, you said it very well. But for the liberals, they focus in their obsessed with what you are instead of who you are. Marriage should account for everything and who you are is everything. What you are is completely immaterial and the fact that they had $42 billion sitting there and I have them a rural district and I want to see some access for rural folks to the broadband because, you know, they're kind of beyond the eight ball, if you will. But not one person has been connected because they're more concerned about their political considerations and also wanting to ward these contracts to their supporters so that it can somehow cycle back to them in political donations. So it's absolutely, it's obscene and I want to thank you for calling it out. - Yeah, I know. I mean, it's not the only time. I'm just saying I got people on the left criticizing me and others for the mere mention of DEI but they like to confuse the issue. Again, I come back to this, it's not personal with me. I don't know Ms. Harris at all. And I have no idea what was behind her pick as vice president. I'm not making that point. The point I'm making is that diversity, equity, inclusion, I mean, in the colleges, in the universities, in the schools, in the businesses, in government is a very bad force and it undermines our whole culture. That's what it is. You know, it's canceled culture. You know, you know that, it's canceled culture. - Well, Larry, it's about equal opportunity, not equal outcome. When you try to tell people that you're gonna guarantee them equal outcomes, you're pandering and nothing more. And if you needed life-saving brain surgery, you wouldn't give a hoot as to what that surgeon looks like or what their gender was. You just want the best. So we should have that standard for everything. Period and historical stuff. - Glide in 10, I got no one for you. Well, we're on the subject of politics, heaven forbid. In Joe Biden's speech to the nation and the world, where he answered no questions at all about the push that removed him from being the Democratic standard bear, it was a push. But you know what? He mentioned, quote, reform the Supreme Court, which I read is, what does that mean? Reform Supreme Court, Euro lawyer, term limits. How about packing the court with additional justices? I mean, he basically wants to run against the Supreme Court. And I guess my question to you is, Kamala Harris has echoed similar things down through the years as a Senator and as a candidate. She's gonna run against the Supreme Court, all that stuff, because they gave, they ruled in favor of Donald Trump immunity. Is that what we should expect? - Well, they've always been head to the Supreme Court when they don't get what they want with their authoritarianism at the administrative level on the executive branch. They go after the Supreme Court. They've been talking about this every time they lose. And really, all the Supreme Court is doing is realigning our constitutional separation of powers principles. That's all they're doing. They're just saying, you know, we are balancing freedom as our constitution is self-governance freedom with, you know, the ability to be safe. And so it's ordered liberty and they don't like that. They want 100% democratic type of solutions out of the Supreme Court. They want to make the Supreme Court the super legislature exactly what it was designed not to be. So when they don't get what they want and we win the Supreme Court, you know, I don't say we win 'cause we don't always win. When the constitution wins and the people win, they get upset because they can't control that. And that's really what it all boils down to. It's all about control, power, undermining our democracy, which is the real truth. The Democrats project everything. And that's what they're doing when it comes to the Supreme Court. It is a very scary thought as a daughter of a judge and a lawyer that we are going to start manipulating our justice system as we've done with weaponization, with abuse of process, with law fair, all those things undermine our system of justice. They undermine it. And actually, people don't feel that they have the faith in our justice system anymore on these really powerful agencies, like the Department of Justice and the FBI and CIA, with the way we've seen them behaving, especially when it comes to President Trump. - I think it's a big losing issue. I mean, law fair was a losing issue. Weaponization was a losing issue. Look, as Trump said the other day, it held a phrase, he took a bullet for democracy. Okay, they are trying to subvert an undermine democracy. I'd love to talk some more about the push, but I gotta get out. Claudia Tenney can't thank you enough. Pat Found, good to see you again. All right, folks, coming up, Kamala Harris, totally 100% against any and all fracking. Okay, I mean, really talk about extreme positions. So we'll ask North Dakota Governor Doug Bergham, when we come back, what the heck all that means. (dramatic music) An annuity sale boom, what should you know before buying? Plus Trump's crypto announcement. If elected, what could the future of the currency be? Jack breaks it all down on Barron's Roundtable, brought to you by GlobalX, Beyond Ordinary ETFs. (upbeat music) (dramatic music) I'm John Roberts, and I'll be co-anchoring our broadcast network coverage of Democracy 2024. We have a relationship with our audience, and that they look at us for what the real deal is, when it comes to politics. They trust us, they believe that we are going to tell the story fairly, and that we will give them the tools that they need to make a decision about where this nation's future should go. (dramatic music) Helicopter blades spinning, safety harnesses on, and a crew ready for anything Mother Nature blows their way. Recently, the U.S. Coast Guard on the Gulf Coast granted unique access to Fox weather. - Yeah, definitely something on fire, right there. - We flew above New Orleans, and the water that surrounds, to get a perspective on how the region looks nearly a year after Hurricane Ida. - Take care of the point that it has to be done. - It has to be controlled. Second World Security Report, FM lineup on position. - And how these heroes are preparing for the 2022 hurricane season. - Unfortunately, we are looking at what's probably going to be a very busy season. The Gulf of Mexico is already very warm. - We are about to fly over a levee, and as you know, so important to the protection of New Orleans and the surrounding area of this is essentially in a pole surrounded by water. And these levees are the protection from this entire metropolitan area. They've been tested many times. The latest hurricane Ida last August in September. (dramatic music) - On the front lines of natural disasters, every year the U.S. Coast Guard responds to approximately 20,000 search and rescue cases, and saves about 4,000 lives nationwide. - Just like any enemy, the hurricane becomes an enemy once it hits landfall. We'll encircle it. - From staying in top physical condition to prepping for tropical storm season, in the air and on the water, thousands of servicemen and women operate along the Gulf Coast. Storm history is always used as a learning tool. The Gulf Coast learned a lot during Hurricane Katrina. And a lot of those lessons were applied during Hurricane Ida last year. For instance, three or four days before the storm hit, we actually had 40 helicopters and airplanes here in Mobile ready to go. One of the finest hours here in Mobile. - Two states away in Louisiana, the New Orleans Coast Guard operations took the brunt of Hurricane Ida last August. - We took direct impact here of 100 plus mile an hour winds at the air station. We had significant damage to the hangar that forced us to what we call mobilize and evacuate our resources from this area. - After Ida passed, the teams assessed and assembled. Just hours after the winds whipped through, the Coast Guard took to the air and water. - We served operations in between three in the morning and five in the morning. We had the first aviation resources over the area prior to sunrise. - We had to deal with low visibility, low ceilings and high precipitation. But our main thing was to see if anybody was in distress. - That way, when the people of New Orleans in Gulfport woke up and storming past, the first thing they heard was Coast Guard helicopters above them. - Dozens of people were rescued. Storm surge flooded many communities and the winds decimated the barrier island of Grand Isle, Louisiana, which is still not recovered. - Been through hurricanes before I was in the Coast Guard and I've seen the impact that the Coast Guard has rescuing people, saving their lives, pulling people from their very worst day they've ever had. - Hurricane training and preps never stopped for these brave men and women watching and protecting the 95,000 miles of U.S. coastline and beyond. In Louisiana, Robert Ray, Fox weather. (dramatic 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 wanna get her mad. - No, you don't. - The bottom line with Dagan and Duffy on Fox Business, invested in you. - There's no question I'm in favor of banning fracking and starting with what we can do on day one around public lands, right? I mean, how do you just make a statement like that? There's no more fracking ever. Joining us now is North Dakota Governor Doug Burgum, who knows a thing or two about fracking and related. You know, Governor Burgum, she wants to ban fossil fuels, I'm just gonna read quick, she wants to ban fossil fuels in cars, trucks, buildings and homes and power plants. This is from when she was a candidate for president. She wants to ban offshore drilling, she wants to ban the aforementioned fracking and she wants a $10 trillion fund to get us to zero emissions energy by, I don't know, 2045 or some such thing. And this is the most, even for a San Francisco radical progressive whatever. This is really off the wall, off the charts. How do you do that? - Well, Larry, we've never had a candidate for president that's had such an extreme liberal green position as Kamala Harris. This will be new territory for us, but the policies that she's advancing, you know, along with everything else that the Biden-Harris administration had, which is, it's anti-growth. I mean, they're talking about higher regulations, higher taxes, they're talking about, you know, stopping U.S. energy, clean U.S. energy production in favor of our foreign adversaries. And so it's bad for the environment 'cause the folks overseas don't produce it as cleanly as we do, and then they're funding these proxy wars against us in Europe and the Middle East. So there isn't a thing about it that's good for Americans, but there's a lot about our energy policy that Putin and the Ayatollahs in China would love. - I mean, if you ban fracking, if you went to the zero emissions business, what would that do to our economy? Okay, let's say in 10 years, let's say in 20 years, what would that do to our economy? I don't think any of these people have ever figured that out. Others have, but they haven't put a pencil to it. You're talking about the loss of millions of jobs, okay? Our GDP would shrink so rapidly. You'd lose 10, 20% GDP. I'm just thinking that. So you're the expert on it more than I am, but that's what I'm thinking. - Well, you're absolutely correct, Larry. And then on top of that, we'd be lowering GDP, but we'd be raising consumer prices for everybody because there isn't anything about this that would increase inflation versus lower inflation. And just as bad as she is on liquid fuels, she's on team China on liquid fuels, but she's also on team China when it comes to base low electricity 'cause she wants to shut down all the emissions from electrical plants and that's exactly how we would lose the AI arms race with China and that will be an existential threat for sure for the US if we lose that race. - Meanwhile, she's a big advocate, I guess, of electric vehicles, which as you say, is jobs for China among other things. You know, we had yesterday Ford Motor Company came out way short of their earnings. Their stock fell 20%, almost 20% dug in just one day, okay? And the principal reason was their losses on electric vehicles continued to map. They've lost between five and five and a half billion dollars on EVs. I don't think it's 'cause Ford doesn't make good EVs. I think it's 'cause there's no demand for it. - Yeah, the market demand was largely artificial here and the infrastructure to support that is on the back of the taxpayers, not on the back of the consumers because with the 500,000 EV charging stations that the Green New Scam wants to build, the subsidies for the batteries, the subsidies for the car purchases, you know, all of that adds up, I mean, the Hoover Institute said, that adds up over to $900 a ton of CO2 avoided. It's the most expensive way to solve the problem. In North Dakota, we've got companies that are doing carbon negative oil production for 60 bucks a ton versus 900. So if you're concerned about CO2, there's a way to do it 15 times more efficiently than what the EV mandates are. And then Kamala, when she supported getting rid of gas-powered cars by 2035, just like California has. And so, I mean, this is pretty simple, this election. If you wanna keep driving a gas-powered car that you're gonna forward, you're gonna vote for Trump. And if you wanna have it taken away from you and that choice taken away from you, then you're gonna go with the Biden-Harris plant. - All right, got it. Governor Doug Berg, I'm North Dakota. Thank you ever so much, sir. We appreciate seeing you again. All right, folks, we're gonna switch gears a little bit. We bring in South Carolina Congresswoman Nancy Mase. Nancy, welcome to the show. Let me play, this is partly about this whole issue. The FBI director thinks that Mr. Trump didn't take a bullet. Didn't take a bullet. Now, where this comes from, Christopher Ray, I don't know. First of all, here's Dr. Congressman Ronnie Jackson, whom you know your colleague. On this show last night, here's what he said. - It was absolutely a bullet. I examined it. There was a track of a bullet. It was scooped out in the, just as it would be in the track of a bullet. It had the telltale other damage that is associated with it. - In fact, some people are reporting that that bullet ricocheted off of Trump's ear and injured one of the people in Butler Field. That's our best. But anyway, tell me about what Christopher Ray is up to. Why is he saying this in the face of all this evidence? - Well, clearly, number one, by making that statement, this week, Christopher Ray is in attempted assassination denier. That is exactly what he is and what is his aim. I mean, I guess he's got Trump derangement syndrome. He's trying to discredit Donald Trump and this attempted assassination to the fullest extent that he can. It's disgusting. And quite frankly, it's un-American. We all want answers and this guy's trying to deflect. He's trying to deflect and dodge any questions that we have that Congress has either via judiciary or other investigations. I hope he will be compelled to be more honest and with the American people when the task force gets started because this is ridiculous. Everyone knows eight shots were fired. One man died, two people injured, and Donald Trump literally took a bullet for our country. We know this. No, it was a great statement. I took a bullet for democracy. It's a hell of a statement. What do you think-- - It's the truth. And it's the truth. - Yeah. Well, yeah, I mean, he was injured. I guess he's healing. I have been physically seen him. I've talked to him a few times. I thought he gave a great presentation at the convention in Raleigh. - He's great. - So many folks. So what's your take on this task force? And let me raise this. So you hinted at this just a moment ago. I don't want the heads of the FBI or the Justice Department or the Secret Service or the CIA or anybody from the, you know, DNI area. I don't want them to dominate this investigation 'cause we can't rely on them. And they have proven that time and time again, going all the way back to the Russian hoax and Hunter Biden's laptop. And this little Christopher Ray Bologna-- - The 51 signers of that letter that said the laptop was-- - So I don't want, I mean, I'm for the rank and file. Okay, FBI Secret Service, that's different. But I don't want the big shots of Washington to run it now. Can we get around that in this investigation? - I don't know that we can. And you can't trust them at this point. We've had years where they have gaslit the American people, lied to the American people. They're doing anything in their power to discredit and keep Trump out of the Oval Office. Well, guess what? Middle America is coming to vote in November. They're gonna vote him back into office. And I hope that we get leaders who will be honest no matter who's in charge. And that they'll come with the facts and information. We just saw Kim Chittle forced to resign this week because she came before the Oversight Committee and couldn't answer a single question. I walked away, Larry, from that hearing, thinking to myself, did they purposely hide information from her in anticipation of her testimony so she wouldn't be able to provide any facts or data or information? What are these guys doing? And why are they hiding it from us? Why are they hiding it from America? That's the question we should be asked. So you have to go down a couple of layers. You gotta go down a couple of rounds. You wanna talk to the head agent of the Pittsburgh area or the head agent of the Butler field rally. A local law enforcement. That's right. You wanna get to that level of investigation. And so far, we've gotten zero information from the feds from any federal agencies. We're getting it all from local and state law enforcement. In fact, Sunday night, when I got a briefing, a report, Sunday night, it was Senator Ron Johnson's report. He got all his information. It's a time table. Did you read his timetable? I did. 57 minutes. He had it all and it's all from local law enforcement. So God bless those men and women who came out with the information immediately. I wish we could get the rest of it from our federal government. So far, no luck. You read Senator Johnson's time. He had a very dear personal friend of mine. And he's a very careful man, a former business man. You read the timeline there and you say, how in the world did they let Trump go on that stage knowing what they clearly knew? Right, and it's easy to see that the guy on the roof with a gun who flew a drone over the site, over the rally hours before that was suspicious. In fact, they started taking photographs of him 57 minutes before the first shot was fired. So what happened in that 57 minutes? That's it. We should find out. We will find out by hook or by crook. Nancy May, Southcon, thank you, man. Appreciate you coming on. Good to see you. All right, folks, coming up is there. Anybody left who agrees with baby debts in Yahoo, we win, they lose, all right? I asked that at the top of the show, and we're going to talk to Congressman Mike Waltz about it. All when, Kudlow returns. [MUSIC PLAYING] Bitcoin 2024 is here, as crypto and political leaders come together to discuss the industry's future. Kelly O'Grady is live from the conference, bringing you the latest developments on bots business. [MUSIC PLAYING] 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 hits 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 by their earlier in the morning or later in the afternoon. Wahoo is absolutely a rainbow capital of the world. Hawaii in general is. The mountain's terrain increases rainfall and there are often clear skies here following rain storms, 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, box weather. Danny, we were just talking where you grew up, how you got into racing. I think we all found the answer pretty fascinating during the workshop. Yes, we did. That you went to a race when you were five and now look at you. I did. I was five years old. I went to a race in Richmond, Virginia, not just the minute the cars came around and I smelled the tires and fuel it was over for me. As a kid, all I want to do is be out there competing at 200 miles an hour. And now you are not you're not just competing at 200 miles an hour. You're winning at 200 miles an hour. I mean, we watch a lot of NASCAR in our house. You're always at the front. What is it about, you know, your equipment, your capabilities that has you leading the pack most off? Well, I mean, we always like to give credit to our team, which I should and Joe Gibbs racing and FedEx took me on 18 years ago. And I never thought we'd have that opportunity to win 48 races like we won. But just, you know, it just takes a great team effort. I love working on my craft. I'm just one of those people that love to, you know, the grind of it, you know, figuring out how to get better, find the gray areas in which I can find speed. And that that that that process is what I really love about it. You know, the future of NASCAR are those little five-year-old kids, six-year-old, eight-year-old kids who come up, come to events like this, see it and go, this is what I want to be. I see Pete's kids who love NASCAR. And I think one of them are going to end up being a driver. I'm pretty sure. So you're five years old. You say, I love this sport. So what's the first step that someone takes to become that champion that you are? Well, we went, we opened up one at the time as a trading post in Richmond, Virginia. And we found a go-kart that was, quote-unquote, "race-ready" for $200. And so my dad went and he bought it. And, you know, I just started tinkering with it and working on it. And so he took me to a dirt track. And I'll never forget. He says, all right, well, this is how you steer. This is how you go. This is how you stop. Go out there. And so it just sounds like a dad. It just watched me make laps. And he watched me get the go-kart sideways and correct it. And he's like, oh, OK, well, his car controls good. So I'll never forget just a few weeks later. He took me to a race. And I won my very first race. And you give a five-year-old a trophy. He's going to want to go get more. And that's what I did. I think the remarks were disrespectful. They weren't very nice. They came to Israel. I actually don't know how a person whose Jewish can vote for her. But that's up to them. Well, there you have it. Of course, you could ask whether anybody should be voting for Kamala Harris. But that's a different segment. Joining us now to talk about bibby nets in Yahoo and the Israeli situations. Florida, Congress and Mike Walts. Mike, thanks for coming back. We appreciate it. Look, I began the show with a riff on this subject. Here's bibby nets in Yahoo giving one hell of a stem-winding speech to the Congress. I mean, it was a great speech. And in Reagan-esque terms, we win, they lose. That kind of thing, which is just wonderful. But the problem I'm having, Congressman, is I don't hear anybody echoing that in the subsequent two days. I don't hear the Biden White House. I don't hear the Kamala White House, whoever they are. Even Mr. Trump, I don't hear them saying we win, they lose. I don't hear them saying that Israel must finish the job completely with Hamas. And I'm just worried that Israel's not going to get support to do that. Well, first Larry Kamala wasn't even there to echo it. And I told Speaker Johnson, just leave the chair empty. That would have sent a message in and of itself in terms of her absence of leadership. But look, here's an indisputable fact. President Trump was the first president in modern American history, probably in our entire history, to leave the Middle East better off than when he found it. ISIS defeated, Iran broke, and literally peace accords breaking out across the Middle East. And that's because they had a fundamentally different approach. Sit the Palestinian issue aside for a moment and focus the region in Israel on their common enemy Iran. And once you have those two come together, then you can deal with the Palestinians, which they are on the verge of doing with Saudi Israel normalization. Iran saw that as a mortal threat and has blown the entire thing up. And until they go back to focusing on Iran as the core of the disease, right now, Harris, Biden, the world should be pressuring Iran and pressuring Hamas about the hostages. Instead, Biden and Harris are pressuring Israel. It's the exact wrong approach. And who's watching Harris not attend? And most of the Democrat leadership not attend BB speech. And then that insulting press conference Harris game afterwards, Iran's watching, Hezbollah's watching, the Houthis and Hamas are watching. And they believe time is on their side. This is actually going to move our efforts backwards by showing daylight between us and Israel. And that's why BB is so frustrated. And that's why he went down to Mar-a-Lago. Well, I think Mr. Trump and his presser did mention Iran. So that's a good thing. The other two governments, the Biden government and the Kamala government, as I call them, they didn't mention it. But you know, look, I believe, sincerely believe and have fought for this. I want Israel to finish the job. I want dehumosification, like de-nostification after World War II. You follow me? I want them to clean Hamas out 100%. And I'm just not hearing that from any of the, these meetings in Washington and so forth. I heard BB ask for support on that, but I'm not hearing anyone giving them support just last few seconds, Mike. No, that's because that's not their intention, Larry. Their intention is get to a ceasefire, get this off the headlines. And if Hamas comes back later, so be it. Their goal is ceasefire and get it off the headlines 'cause it's a disaster for them politically. Congrats to Mike Walz. (upbeat music) (upbeat music) Return to office policies were intended to get employees to quit. That's according to a new survey from Bamboo HR about a quarter manager surveyed say they put return to office policies in place hoping it would trigger, quote, voluntary turnover. Managers also say they had to lay off workers after fewer employees quit than expected. And close to half the employee surveyed say their company suffered significant talent losses because of the policies. California Supreme Court says Uber and Lyft drivers are independent contractors. The unanimous decision upholds a law passed in 2020. Law says drivers for companies like Uber and Lyft are not entitled to benefits like overtime pay and paid sick leave. Uber said in a statement that the ruling is a victory for drivers and the freedom to work how and when they want is quote firmly etched into California law. And a closer decision by Ohio Supreme Court says customers should expect bones in boneless chicken wings. In the case, a man sued a wing joint after he swallowed a bone from what was advertised as a boneless wing. In its four to three ruling, the Ohio Supreme Court said boneless wings refer to a cooking style and that the man should have been looking out for bones as it's common knowledge that chickens have them. That's business. I'm C.J. Papa. (upbeat music) - From the moment pilgrims set foot on Plymouth Rock and ask themselves, what now? Lumber has been a key pillar to life in these United States. So much so, Americans now consume more of it than any other country worldwide. We're also the leading producer, milling out about 85 board feet of it per second and turning that into essential items from the roof over our heads to the newspaper on our doorsteps and more often than not, the door we walk through to pick it up. And now more than ever, the demand for it is skyrocketing. Thanks to a record boom and home building, which is why lumber companies like Pafak Alaska logging on Prince of Wales Island are working seven days a week to meet that demand. (upbeat music) - A huge milestone for our military. The Air Force announcing its new fighter jets are breaking records. Officials say the Air Force's new F-15EX jets are capable of carrying more weapons and operating more efficiently. Now, the jets will soon replace older versions that were used heavily in the Iraq and Afghanistan wars. Harris, this is so exciting for me. You know, I grew up wanting to be a fighter pilot and these F-15EXs, they can operate for 29 grand an hour. They can hold 13.6 tons of weapons. That's way more they can in the past and they can operate for 20,000 hours. And at the end of the day, it means our pilots are safer, our military soldiers are safer and it means America is safer because of it. - My dad just winked at you from heaven. - Aw. - I received it gratefully. - I wanted to do that too. I wanted to fly for top gun. I mean, I had all these cool stuff. So I do love it. What I also love is that we are talking about readiness and I think we need to. At a time when we're recruiting for the military, they're having a difficult time. I'm glad that we're talking about readiness and celebrating who we are as a country and our military might. - That's right. And as someone who did Air Force ROTC, go Air Force. (upbeat music) - Box airs all over the globe, including in Argentina. So if you live there or are visiting, keep watching Fox on Clara. (upbeat music) - Wing news breaks. - And we begin with this Fox News alert. - America turns to Fox News channel. - We are feeling the impact all across the country. - Stream it now on the Fox News International app. It's the place for top political coverage. - It's a very big day here at the White House. - With must-see insight and analysis, you won't get anywhere else. - We will never be the media mob. - And stay on top of the US markets with Fox Business. Watch your favorite shows live or get them on demand. Download the Fox News International app now from the Apple or Google Play stores. Also available on Amazon Fire. (upbeat music) - And today America must choose good over evil. That's in Yahoo's cry like Reagan's. We win, they lose. We must support that and crush Hamas all together. - From the Fox News Podcasts network. - Hey there, it's me, Kennedy. Make sure to check out my podcast. Kennedy saves the world. It is five days a week, every week. Download and listen at foxnewspodcast.com or wherever you listen to your favorite podcast.
