Mr. Larry kudlow, and his coauthor, brian domitrovic, the associate professor and chair of the department of history of the sam houston state university. And the two of them worked on the book together, and they will be talking about it together. And were so thrilled and so honored to have you both here. Thank you for coming. And i should mention also, larry lives across the street and he is a regular customer here at the corner bookstore and has been for years. That makes it so much so special, and so personal. So, please join me in welcoming larry and brian. Thank you. [applause] larry kudlow thank you very much. Appreciate it. Are we on both mics . We welcome cspan, by the way. Thank you for covering this, appreciate it very much. So, yeah, its true im larry kudlow and im a local. When penguin and random house started organizing this thing which one . That works . This one doesnt sound great but well do what we can. Penguin and random house said, a while back when we got this thing
Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to re
Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
The dow is at 25,600 is the low for the weekt. Joining us this morning to talk about that is a u. S. Equity executive strategy director. And i think maybe the first time we had you on our air, welcome thank you, it is good to be on and i appreciate the time this morning we love getting the insight nanny general your Research Notes have been really clear in spelling out a narrative on the kbas baskets that work for stocks i argue it is a relatively bullish tone, but how would you put it i think the way were looking at this is were ultimately confident that you have a v sharped recovery and ultimately you have a strong fiscal stimulus to provide an effective bridge to 2021 now mic and my team have also been positive on the operating leverage story particularly as were seeing increased prevalence of companies having to do more with less just like coming out of any other resection, that generates operating leverage and i think that is actually this emerging theme for life after covid and i
How they relate to the dark stories that we hear in our politics about the conditions americans of experience and what our prospects are. I think its fair to say, he finds things are much better than the mood of o our politics and the critics of the market economy would sometimes suggest that we do face risks and maybe the mood in the critics are among the most important to those risks. It is a controversial thesis and as a conservative im resistant to being. Up until everything is fine but it is a very powerfully argued thesis a agile see tonight a very supportive thesis in t the book. Joining us to respond to his argument is one of the smartest social analyst and policy thinkersrs in washington, richad is the whitehead chair in the senior fellow in economic studies at the institution. He is the director on the future of the middle class, the author many important articles in a number of important books including dream orders, how the american middle class is leaving everyone also the