kpmg trading scandal. jane wells diving deeper into the criminal complaint. we ll take a look at what the risks are for kpmg. will the big four strangle hold on the account industry be broken up? kudlow report begins right now. first up this evening, the senate s bipartisan group of aid says it plans to reveal the long-awaited immigration reform bill next tuesday. this is a bill that in national review reporter betty woodrow dubbed grover versus the bitter enders. grover norquist believes the immigration reform will boost economic growth and slash our budget deficits. all right. now from washington, the aforementioned grover norquist and with me onset, my great friend, syndicated columnist an coulter, author of mugged. this is great fun, two great funds, grover, who are the bitter enders and what is your case against them? well, i think the american people are looking to move towards immigration reform. we have senators like marco rubio, jeff flake, rand paul, all movin
they chant four more years. and today, there are 28 days before the election. i think the right chant ought to be for them four more weeks. you ve got the idea. there you have it. also this evening, for the first time in months, the market hit a back-to-back triple-digit decline. we warned you last night earnings might give the market a little bit of a hit. go ahead, boys. take some chips off the table. nothing wrong with that. but let me tell you, a political revolution is coming in 27 days. and for the first time here on the kudlow report, i feel comfortable to tell you, mitt romney is going to win and he s going to win big. it s going to be a reagan-like economic growth revolution. that s what the debate told me and that s what the polls are telling me. and i make it official tonight. also this evening, my old pal, art laffer, is going to blast obama and tell you why mitt romney s tax reform is pro-growth and it will not cost anything like $5 trillion. plus,
off in their first of three debates. we have an all star panel tonight. former congressman rick lazio and former clinton white house aide keith boykin. and herman cain tells us what it s like to debate kevin madden. it s all about leadership and leadership means taking control of the conversation. that s just my advice. in an anemic overall economy, we ve seen some positives in recent days. the ism services surprised on the up side today, 15 million car sales yesterday and of course stocks have been rising since a year ago today. the s&p is up 32%. so things can t be all that bad. how will the investor class vote in 34 days? but first up, both mitt romney and president obama are in their respective hotel rooms now. they re making final preparations for the big debate and cnbc s own john harwood joins us live with the details. good evening, john. good evening, larry. two hours from that debate we ve gotten a reminder in the last 24 hours with a slew of polls of how high the
this is the kudlow report. the top story tonight is the economy. retail sales are down for three straight months. normally that s a recession signal. for the sake of the country, i hope i m wrong about the recession. our experts will weigh in and we ll preview ben bernanke s critical mid-year testimony coming tomorrow on the state of the economy and fed policy. also this evening, instead of trying to anti-depressant off for a session the president is in full election mode, once again demonizing business. take a listen. if you ve got a business, you didn t build that. somebody else made that happen. well, economic kelly, too. the dow closed down on the lousy economic news. it s the 7th down day in the past eight. the new york times article alleging analysts with ethically dubious behavior once again suggesting the stock market may be rigged against the little guy in favor of the big guys who get the key research first. gretchen morgenson is my exclusive special guest.
staff. rupert murdoch, jack welch, the biggest names in business are saying that romney is not tough enough and he lacks the stomach to take on president obama. and by the way, why in the world did mitt romney flip-flop on the obama care tax hike? why did he do it? also this evening, why have ceos lost confidence in the american economy? only 17% think positively on the my in the second quarter. that was 67% in the first. and worse yet, they don t see it getting any better. we have two powerhouse ceos who are my special guests to weigh in. tomorrow s jobs numbers are going to be critical. stocks lost 212 points last time. let s hope it doesn t happen again. first up, president obama embarks on his swing state bus tour. our very own john harwood joins us with some of the details. what s he saying, john? . reporter: larry, you know the president got the health care ruling he wanted from the supreme court last week. his poll numbers have been stabilizing and he set out on