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massive sanctions on russia, we have senators tim sheehy and james lankford waiting in the wins, and you know, anti-semitism continues to spread and turned to full-scale terrorism. miranda devine and john yu on that, ed set live at white at -- edward lawrence is live at white house. reporter: trade deadlines 24 hours from now, letters went out from u.s. trade representative to countries they are negotiating with asking for best final offer starting tomorrow, u.s. trade representative, right now, is in paris, negotiating with european union and other countries, to get the deals, he said country are in talking with u.s. regardless of court rulings. reciprocal tariffs will go in place on july 9, the country know that president

will find a way to use tariffs for a better trade deal. >> what other authorities is president looking at for tariffs, should the decision of appeals court not go his direction. >> right now his tariffs remain, we spoke in length last week about that decision that came down from international trade court. reporter: she said you could use section 301 or 232 tariffs, there are work arounds for this administration, china with them is a different animal, china said that chinese have broken the agreement but chinese have a different take. >> said that u.s. imposed harmful measures like new chip controls and pledging to revoke chinese student visas are the chinese the victims in the this trade. >> look, i don't think that anyone it the victim, they are two strong countries, the president has a good

relationship with china's president that discussion will take place this week. reporter: that phone call very soon. that is term here at white house. larry: seems to be slow walking the trump-xi phone call weaker h we heard about it next fridays and this week now now vaguer responses are you picking it up.. dav. reporter: i am, expectation was it would have happened earlier in the week there might be some things going on that we're not aware of but there is major disagreement, chinese not backing down their language more forceful toward the administration they paying pay posturing on their side, and not sitting well with president trump.

chinese not following through. >> i am waiting for phase one thank you edward lawrence. larry: to capitol hill, fox news chad pergram, is joining us live. a lot of fireworks what is happening? reporter: good afternoon, shock wave on capitol hill. elon musk breaks with the presidenty on the big beautiful bill. calling it a disgusting abomb nation and said shame on those who voted for it. >> not your problem elon musk is your problem. >> torching this bill. >> we have a difference of opinion, he is entitled to his opinion.. reporter: house speaker mike johnson said he was disappointed in musk and scott bessent ignored two questions from years tr truly about possible b

disconnect. president trump chided kentucky republican rand paul today for opposing the bill. >> he says you don't understand the bill and you love to vote no. >> well, i would say that is not actually true, i would say i have been consistent in my time in senate, at being opposed to deficit spending. reporter: senate minority leader chuck schumer involainvited democrats to a fight club to oppose the bill, one questions tactics john featur fetterman said it is about the math, and doubts that democrats can achieve much. >> someone has to define what is fighting, it comes to democracy. they have 53 we have 47. reporter: thune believes that senate can finish the bum by july 4.

senate plans to start debate on bill in two weeks. larry. larry: chad, democrats have been trashing elon musk for 6 months. trashing him. calling him every name in the book. now that elon has come out gain the bill for a moment will they back him again, a a 180. >> the enemy of your enemy is my friend, chuck schumer's press conference and the news broke, he came out with a placard with a tweet, and hakeem jeffries, did just about the same thing they are now embracing musk. larry: incredible, chicago ed which chad pergram does. trump economy booms, whether the media likes it or not. that is the subject of the riff. most widely protected recession from trump tariffs and one big beautiful bill

deficits still has not happened. we're going the other way. atlanta fed's gdp now tracking modem shows q2 up 4. 6% annually. consumer spinning revised up 3.8 to 4.6%, and capital equipment spending from 5.1 to 8. 8%, there is a boom in business and investment. the widely expected tariff related stock market crash, it has turned out to have makings of a new bull market, in may, s&p 500 index turned in best performance since 1990. i think it has a lot to do with the rem tax incentive in one big beautiful bill. here is senate m n majority leader john thune yesterday. there are different ideas in some cases with respect to

some of the savings and whether we can achieve a higher level i think too on some tax tough, the question of permanence on business taxes, where you get pro growth and additional revenue that comes with growth dividend. mr. t thune has story right, and much anonymous inflation spike. -- the liberal media will not admit that they have been wrong on this trump economy. they are doubling down on their usual pessimistic mantra, but trump is doubling down on his one big beautiful bill. and he is right to do so. last night high made a powerful case for the bill, on truth social let me

quote: >> that is it end of quote, strong stuff. i am sorry. elon musk has decided to take pot shots at the bill, after mr. trump gave him a

graceful send off in oval office. but look. all of l elon musk waste, fraud and abuse discoveries will be rescinded in bills over time, as far as battle over budget deficit, there are most tates all over the place -- estimates all over the place. i will assume the official white house budget when it comes out will project something like 2.7 growth over the next 10 years. all right. at that pace, budget deficits will turn to a budget surplus by the end of the planning period. somewheres between 1 to 2 trillion dollars surplus, that is where mr. thune got is right talking about additional revenue that comes with a dw growth def dividend.

for making, tax cuts permanent that is the riff. joining me now. we have steve moore, host of moore money. and other things. and ej antoni. unleash prosperity's senior fellow, welcome you to. steve moore, deep recession has not come, hyper inflation has not come, stock market is rallying, media am not admit is they are doubling down on pessimism, i say trump economy lookings pretty good. >> it is humming along, i rarely admit that i'm wrong, but i was wrong on this took i didn't think we would see a number this strong, i agreed with your riff, but you lift out marketings and economy love trade peace. and so, trump getting the

series of trade deals, not yet in hand, but planned, i think calmed the markets. i that have given a lot of confidence to manufacturers, and construction companies and others, saw a big boost there. and these numbers are really remarkable. 4. 6% growth. that is over 2 months, it is a short period. but i don't think that -- i maybe wrong, edge ej antoni may know. i don't know that joe biden had that growth in all 4 years in office in a single quarter, they are new numbers there is optimism you see it in the business spending investment. >> see, ej, it is interesting, first, i welcome mr. trump's strong defense of the bill. the bill -- i know the bill has flaws, but those plays will be dealt with and i am interested in the tax cuts side, i love when john thune said about making,

investment tax cuts permanent. that will mean depreciation, that includes factory depreciation, but, what i would say to you, since beginning of year, there has been a business boom. even in first quarter which was flat. there was a business boom, i think, investment was up about 20 percent. on industrial production side the business investment and equipment up about 20%. there is a boom happening. i think that boom has a lot to do with -- guess what? tax cuts, incentives to vest. come to america, we'll give you lowest tax rates. what do you think? >> larry that is right. with all talk of the tax cuts rit retro active to the start of the year, markets are anticipating the

president and congress will get this across the finish line. similar to 2017. what happened that year,ive every time it looked like there was progress toward end of year, markets rallied and in december, markets swooned. and then once it was signed, right before the christmas recess, what happened, markets took off again. they are anticipating we'll get a good tax package and we'll get what you are talking about. with business expensing. that is a really big part of this. larry: huge, by the way, credit to gary cohn. and mnuchin. and to paul ryan. and pat tumi in massive under taking. they were part of my panems at reagan library this past week they did a great job it

was a pleasure. ej, you have -- writes elon musk bottom a doge rocket and will keep flying. even with him out of the administration. i agree with you, that is the key flying part. those doge cuts will be rescinded. elon musk has gone craze today telling how -- what did s he say the bill is disgusting, i don't understand what is up with that? for hef heaven's sake. >> i think he is just frustrated. this is not a man who has worked in government before. had to watch the sausage be made. this is a man who always works in private sector, and he knows how to too it efficiently, hyper efficiently, and i think it is just been histo his --ic pe experience

with government has disheart heartened him, saying this is how we really run things no wonder government is broke, i understand his frustration they put in so much hard work to find billions of dollar in abuse in corruption and fraud and waste in a few months, and to see lawmakerrer not act on it. larry: they will. reconciliation is not the vehicle for it. i have to have to separate rescission packages. i was worried you talked about elon musk for 20 minutes then he went out with this horrible thing. >> i did not. i think elon musk is a bit of a hero for what he did in his 4 months in washington. ej has it right, i think he feels he was banging his head gains the wall and no one was listening. i hope that you are right, that they get codified to law, because, you are talking about hundreds of billions.

you may have seen on 60 minutes this week that china auditor at general accounting office said that she thinks that fraud amount is not 5 500 billion a year but a trillion a year come out of our 7 trillion budget. it stolen by fraudsters, that tills you how sick our budget process is. and i just hope that elon musk the recommendations he made are put into law. larry: he knows that. >> larry, the -- in ex small business tax we have. larry: i know, that is important. i want to come back to. i interviewed elon musk he talked about the gao and down through years gao has evaluated, analysed numbers i recall 550 billion of waste, fraud and abuse, this

woman, this gal put it up could be a trillion. but elon musk knows that. i would hope high understands that the process -- he understands process here, reconciliation is not the place, i would prefer to get as many of this waste fraud and abecause in in -- abuse in, they have to have senate re rescission votes they will get. last one in unleash prosperity hot line today, democrats have lost the middle class. rail quite remarkable. about 25 point lead in middle class americans. in late '80s and now at latest polling, it of the back to zero, republicans are tied with democrats for middle class votes, ej, how did you think that came

about? >> well, somewhere, the democrat party they kind of created this barbell distribution of voters only people that they can attract to their crazy ideas are either focus with little or no income to whom they are giving to kn tons of handouts or very rich votes they give special -- in in in tax code. to ensure they keep more of their money at taxpayer expense. the middle class. larry: working folks, trump's working folks change republican party. biden, with prices rising faster than wages. and trump continued that, messaging that. i think that is very profound. i think elections will be different. justs they were different on

november 5. thank you so much, steve moore stay away from elon musk. and ej antoni, you are welcome any time. on kudlow, when will senate vote on massive sanctions to russia? 500% tariff, and anyone that buys oil from russia or anything from russia, we'll ask senator tim sheehy w when cud r kudlow returns. you can catch kudlow 4 p.m. on fabulous fox business. and you will never miss a growth dividend. how is that. it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on it was easy to seeee ♪ ♪ i'm lowering my a1c ♪

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larry: when will senate vote on the massive sanctions on russia. and all of a sudden hakeem jeffries loved elon musk, joining us now montana senator tim sheehy, welcome. we'll play tape on jeffries in a moment. let me ask you about russian story. you had successful spider web operation, ukrainian prones bombing ru

russian missile, what about tariffs and lindsey graham idea, 500% tariffs. senator sheehy, will there be a vote? >> i don't think there will be a vote soon. but i think that the bottom line is we have to stop killing, to end the war. no question about that, president has been clear. he wants to end the conflict we'll have to exert pressure on russia to stop the killing, ukraine is fighting hard, they will continue to fight hard, as we saw last week. deep in russia territory attack, we have use tools at our disposal to bring an end to the conflict, i think that tariffs could be a part. larry: why do you think, you say not imposing tariffs soon? what is thinking? >> soon in next several days we're working on re reconciliation bill, and pushing nominees through.

it is not you know in days. i think principle is supported. and i think it will get bipartisan support, hopefully on the floor in next month. larry: other thing, we're waiting to get jeffries tape. i want to ask about iran, some confusion about what president trump's position was with respect to permitting any uranium enrichment in iran, in the deal. it was reported incorrectly by axios. and other media outlets that he would permit some enrichment. we have it his post truth social post. autopen should have stopped iran a long time ago. from enriching under our potential agreement. we will not allow any enrichment of uranium.

powerful direct post, se senator sheehy, he is right. >> this country has been wishing death to every american and our way of life for last 45 years, many of our colleagues used to fight iran on a daily basis, they have been murdering americans systematically all over the world. we cannot allow them to enrich any sort of nuclear material they will use it to try to destroy israel and kill americans, president is right, that is a red line. >> if that stops a deal that stops a deal. something else will happen. we may not want it to happen. additional aggression against iran may be necessary, what is paper deal? they won't live up to anything anyway, will they? history of iran, they lie,

cheat and steal. >> the regime in iran has been there last 45 years is a murderous regime, they likely won't follow a deal, but if we have a deal to to enforce that is the beginning of it, if we don't do a deal or a deal like the obama administration, that would not have outcomes we want. we would have something to enforce. larry: a lot of iranian people are good. they want elections, we have seen dem cr demonstrations for years, obama did not lift a finger to help people protesting. the government, mullahs but a military police state. at the top. i think you would agree. i don't have the tape in. i will just ask you, i'm sorry. i don't think i have the tape. let me ask you, wait we do have the tape. here it comes hakeem

jeffreys on elon musk. >> breaking news. elon musk and i agree with each other. g.o.p. tax scam is a disgusting abomb nation, bussens-- elon musk and i agree with each other snr. larry: you have to love it. here is the -- they have been -- hakeem jeffries and other leading democrats have been calling elon musk every name in the book for last 6 months including nazi, here they are now in love with him because li elon musk does not think that big beautiful bill is good enough. >> that how is to become loved by beltway media, turn to your party, elon musk is one of the greatest, men in the world we owe him a great det for his service with doge. you know legislative process

is not running a company. you can make decisions that are right, and the decisions you know within the confines of authority you have, that isy total, a legislative processy would love to so changes in the big beautiful bill. more fiscal responsibility and doge cuts per remember am but we have to get done when we come and what that focusing on core of this bill will secure border, a campaign issue for almost a decade now. critical we do it for security of the nation, and help unleash energy. and help upgrading our failing atc system and preventing largest tax increase in american history, 4 trillion tax increase. larry: you bit. terrific stuff senator sheehy thank you. >> thank you. larry: folks. coming up we'll ask senator james lankford what changes he might want to make to one big beautiful bill. maybe his take on hakeem jeffries and chuck schumer

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larry: possible changes, senate might make to one big beautiful bill, joining us now oklahoma senator james lankford, a member of senate finance committee, welcome back. john thune made a great statement, i think yesterday talking about the new business tax cut incentives, and talked about a growth dividend from this. that issue of growth dividend i think has been mangled up to now. people are afraid to put in a growth dividend. whether you are cbo or pen pen why is that. there will be a g growth

dividend. >> supply side tax cuts do work. we have seen it. 2017 congressional budget office had one projection we far exceeded that projection of income. because cbo is guessing based on not a growth initiative. we know if you have full expensing for small businesses, manufacturing, they will do more capital investment that causes more purchasing that grows the economy. every economist agrees on that, that is one of many things we're doing in this bill, an area of disagreement 29 hous -- between house and senate. we want to make it permanent tax policy. we want to maka permanent. larry: i love it, the way you said it. by the way there was a time when you would had a gaggle of democratic senators too,

but i guess though days are over, just good policy, that is right. 100% right. growth dividend will be out there, what about spending side? anything you can tell us on the spending side? >> several things, already the largest reduction of spending in federal government history. i know there are a lot of folks saying he we need to do more, i get it we will have to chip it away, this is not last step but first of many, it is the largest reduction we have done in spending. would i do more? i would, house some members would do more, some are agreed to do as much as we did, 215 votes in house and 50 plus in senate. get a come an agreement. to say right first step we'll take next bite and next bite. larry: i like that, that is what trump is saying in the truth social posts, next bite, next bite.

i like it, spending is the thing. elon musk he turned tail, he is really getting on recisions he will get a lot of his waste, fraud and abuse. >> they are two different things resig -- re rescission bill is a different side, this bill cannot deal with that, people get lost in dc jargon, actual rescission pieces year by year spending is a different vote from this, this is mandatory spending that happen automatically year after year. it is not one or other it is both but we have to get big one done first then move to smaller ones. larry: well you are right, look, i would think that ron johnsons and mike lees others would understand that. they know the process, rand paul, they are friends of

ours. but, this is not only thing that will happen. can you get this done by july 4, sir? >> we -- that is our target. we're all working that direction. we'll see what we can be able to do to get that done. we have a next couple weeks of committee work to get it done, multiple committees are finished with their work, a few this week release out their work product. and different work product to be stitched together to one big beautiful bill. we're lining up with house products, not reinventing the wheel. we're doing senate tweaks 215 house members have their fingerprints now 50 plus senators it will still be a document to recognize this house with a few things we'll add to it, like permanence. larry: senator lankford come

back with a progress report. >> i look forward to it. larry: come on back. senator l langford of oklahoma thank you, sir. >> riding same anti-semitism turned to full-scale terrorism. potential national disaster at hand we talk about it with miranda devine and john y oo on set when kudlowlw returns. ay for over 25 years, we have been connecting the thinking person with the world. first, on the great rivers. then, on all 5 oceans. now, on all 7 continents. we are one viking. narrator: at this very moment, children at st. jude are fighting to survive.

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now everyone who knows a boom when they see one is gonna want in. the wifi's booming! >> do you not agree, if we don't find these people soon we're at risk of a 9/11 or worse? >> it is coming, the two million got aways crossed border, we don't know where they are now, it scares the hell out of my, i'm convinced something is coming unless we can find them. larry: tough stuff from tatom homan. joining us now miranda devine. and john yoo, you know, i think anti-semitism is getting worse, growing, it has turned to terrorism that is it i'm not sure people understand or are

acknowledging or liberal media won't, it is turning to terrorism tom homan said a couple mellon mel -- million people. >> it is inevitable result of bidens open border policy, tulsi gabbard said that dna found 1200 known terrorist suspects that cross border and given asylum by biden administration. there were 8 e e isis linked terrorist from were arrested when they cross border in last june, in january in new orleans on bourbon street an isis related terrorist suspect run over a lot of people and kill them. we had the attack on the two israeli embassy worker last month now this. i think this country is just

have to brace itself for what was always going to happen when bi whenned biden left border wide highway open. >> a lot of people are in denial. the major institutions, we talk about elite colleges but major institutions fostering anti-semitism, i think -- i have said a million times biden push for d.e.i. i think that led to it violation of civil rights acts but these are profoundly anti-american, i don't know what to do about it something has to be done. >> i agree with your diagnosis, we could talk about what should happen immediately, this guy should never see the light of day and subjected to death

penalty. and i was at justice department in days after 9/11 we have to take fbi flood the zone, take them off of investigating moms who show up at school board meetings, flood the zone, work the communities, they don't want these people living among them, let's crackdown, larger problem is we have to change culture, that is your point, roots of this anti-israel, anti-semitism and anti-american thought are universities, i work at berkeley, i hear the stuff all of the time. but look, trump is right to say we'll cut off federal funding, to universities that allow anti-semitic c culture and attack on jews to happen, but it is media and big business. >> certain told r

tolerance for it, which made it almost okay to have a point of view that is anti-semitic that is un-american, the terrorist attacks on jewish kids or demonstrations, peaceful dim cthey -- there their is against america. back tokback to, you said fbi must double down on this, miranda, cnn are not only ones, they found this way when this story broke. to criticize kash patel and the fbi for calling it a terrorist act, it most certainly was. >> and cnn they had andy mccabe on former disgraced fbi leader who was involved in russia gate collusion stuff. and you know what john said it right. larry: and an obama national security person on there. >> light.

right, both appalling saying, that the fbi just should have sat on its hands did what it did during the obama administration and biden administration, lying and pretending that dangers were not entering the nation, what john said about opportunity cost of the fbi going down the d.e.i. route and the tracking catholics, and parents at school board meetings is spot on, all that time was wasted when they could have been infiltrating and finding out where these terrorists suspects, the seeds of terror were growing, i think that the fbi will fly blind. larry: you know kash patel, will be -- he will do what he can, dan 51 bongino, they are warriors. >> but what a job to root out, the wrong doers, political weaponizers at

same time as trying to keep us all safe, there may be bad actors that want some terrorist attack to happen just to blow up in trump's face. larry: cnn put in quotes peaceful pro israel, they have done this rally for years in colorado, elderly people. >> it is just a walk. larry: peaceful is in quotes. like, we're not sure it of the peaceful. it is pretty grotesque, i don't think that cnn was only one that challenged this. >> and nbc called -- look it up, a bizarre framing, gaza hostage awareness marches. is what they called instead of saying jews, they said gaza hostage awareness marches. larry: john yoo, different topic biden autopen scandal. they will have this chp

martin look into it how will they do this? you will tell me there is a case to be made i'll agree, but i went figure out how they will get people to testify, including biden's wife jill.. >> greater constitutional scandalla not over a autopen was the power of president we voted for and elected and trust with power. you know the power that constitution con v concentrates on that single person. but was his power seized by his aides? were decisioned made high he did not know of? that is a great constitutional scandal if that occurred, you find out did people use the autopen to issue pardons or make other decisions like sign bills, like approve appointments. did they make these decisions and you a -- aus autopen without president

biden's knowledge, you have a congressional committee like iran k contra and watergate, a special counsel with right to issue s soupina, i have a nomination robert hur. congress -- larry: live that. >> he would hit the ground running. >> robert hur would be terrific, i never understood how that slipped through everything at the time. last point. >> robert hur was terrific, and so treated so poorly, and when you read -- reread his report 4, now he wrote is so carefulez. seems to be -- i think he thought that joe biden was foxing. larry: he did a good job. john yoo and miranda devine john yoo and miranda devine thank you so muc coming.

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larry: that's it for kudlow, thanks for watching, folks.