You on mad money. Im jim cramer and i will see you tomorrow. Good evening, everyone. Im larry kudlow, this is the kudlow report. In washington, the obama team pushed its gun control agenda on three fronts today. Talking to walmart, the nra, and hollywood. And the Administration Package is starting to take shape and were going to walk you through it. Also in washington, d. C. , president obama finally makes it official and nominates jack lew for treasury secretary. But, he received a quote obscene Million Dollar bonus as his boss obama would put it while working at citibank which got bailed out to the tune of 45 billion. Is that part of the jack lew story thats going to make him toxic in his confirmation hearings . And we go out to san diego where the family of the late nfl star junior learned he had a brain disease when he committed suicide. Did football kill him . And back to hollywood, my Favorite Movie of the year lincoln gets the lion share of Oscar Nominations. This is a fabulous film about government dysfunction and how abe lincoln solved it then. Can we learn something about it now . The kudlow report begins right now. First up this evening, call it the d. C. Gun show. All the major gun players meeting with Vice President joe biden and attorney general eric holder. Cnbcs own eamon javers joins us now with all the details. Good evening, eamon. Good evening, larry. Well, even as the Vice President was holding a meeting in the white house complex today about gun control. Word came of a new School Shooting today, this one in taft, california, and two people were wounded. Meanwhile at the white house itself, the Vice President said hes starting to see a bit of an emerging consensus coming together about what ought to be in the package of ideas hes going to present to the president on tuesday. Theres an emerging set of recommendations not coming from me, but coming from the groups we met with. One is theres a surprising, so far, a surprising recurrence of suggestions that we have universal background checks. Not just close the gun show loophole, but total universal background checks. Including private sales. The white house also held a meeting with retailers including walmart meeting with eric holder at the white house complex today also involved in that meeting with the retailers were other outlets including academy sports, bass pro shops, big five sporting goods, cabelas and dicks sporting goods. This evening hosting a meeting to talk about violence in the media at that meeting, folks from branded entertainment, comcast corporation, a Parent Company of this network. Also the Directors Guild of america and the Motion Picture association of america in that meeting, as well. The Vice President saying the consensus here, larry, is theyre going to do something about universal registration, and something on data bases is also likely. The Vice President having said yesterday he might be able to use executive orders to move some of this action by the President Union laterlaterally using congress. But the white house emphasizing legislation will have to be a piece of what they do and with that tuesday deadline looming, therest no the a whole lot of time for the white house to make up its mind whats going to be in that package, larry. I want to add, eamon, your last piece, which is so important. People are saying theyre going to do it all by executive direction, theyre not. Theyre going to have to go legislatively. In fact, theyre going to have to renew that 1994, 2004 bill. Thats going to be a big part of it. The point is, its going to be a big piece of legislation. You can tell theres already opposition to it. The nra was involved in one of the meetings today and their president came out this evening and said he was disappointed in the meeting he said basically the meeting at the white house today was the nra and the gun side making their case and sticking to their points and the white house making its case and sticking to its points according to that description, sounds like the two sides are talking right past one another. All right. Many thanks, eamon javers. Lets bring in our panel, democratic strategist, Jennifer Ruben, author of the Washington Post right turn blog. Ive got to start with my Paul Jennifer ruben. Because if i start with lars, hes going to literally cut my head off. Hes going to take my head off. Now, look, i have said i am totally against the jack lew nomination for treasury secretary. But regarding these gun issues, jen, so far, i havent heard anything thats so bad. In fact, from what i gather, theyre going to reinstitute the ban on assault weapons that was law for ten years. Whats wrong with that . Well, on one hand, the good news is that the Vice President did not mention the assault ban weapon. He talked about high capacity magazines and talked about this background check. So on one hand, maybe theres playing some small ball. The bad news is that hes not really proposing anything that might actually work. I dont have any problem, larry, like you, with either one of these provisions. Im a Second Amendment supporter and i dont think these go to that level. But at the same token, what happened to Mental Health . What happened to access to weapons . Neither one of these wouldve blocked the shooting in newtown. I dont mean to be rude, but ive got breaking news ive got to pick up. Please hang with me. Phil lebeaus got breaking news ton the 787 boeing dream liner. Phil, if youre out there, tell me what youve got, my friend. Larry, we have learned that the faa is going to be conducting a special review of the power system in the 787 dream liner. Essentially this is the faa saying lets take a pause here and take a look at the design, the manufacturing, how the power system works on the dream liner. Let me be clear here, this is a special review. This is not an airworthiness directive. It would be a much more serious matter. And it might involve airlines being told stand down, dont fly this plane. That is not what is happening. Airlines that have the dream liner will continue to flow it. But the faa is saying this is not simply looking into what happened on monday in boston, we want to do a special review of the power system remember, at the heart of this is the issue of the way the dream liner derives so much of the onboard electricity. This uses much more electricity than any other plane. As a result, its much more complex than your typical airplane. Again, the faa is going to be conducting a special review of the power system on the 787 dream liner. This review is likely to take several weeks if not a couple of months. Thanks very much. We come back to our gun control panel. Were going to bring in a newbie from the daily caller. Were a little out of order, thats what happens with breakin news. Did you pick anything up . First of all, walmart in the meeting today. I guess theyre in the meeting with attorney general holder. Did you pick up anything . And mow important are they to this . Walmart is the largest gun retailer in america. And so theyre very important. The other thing about walmart is, obviously they have red state bona fides. Theyre not an elite east coast company, theyre based in arkansas, so they have credibility with kind of average americans so, if the Obama Administration could get them onboard with some sort of gun control and they would call it common sense, of course, gun control. That would be huge. Its unclear whether or not that is going to happen, but i think its very likely thats what the white house hopes to do. You wrote you wrote in your piece on this. Walmart cooperated with michael bloomberg. Bloomberg is a gun hater. He wants to control all guns, i believe he wants to ban all guns. I wasnt really sure. Walmarts not going to ban all guns. The administrations not going to ask him to do that. Youre right. Absolutely right. Walmart is thought of as this conservative company. But as you know, larry, big business tends to benefit from regulation. And, in fact, walmart already complies with bloombergs. He has this thing where walmart is already voluntarily complying with onerous regulations voluntarily. So if they were lets just pie in the sky here. Lets say they came out in favor of closing the gun loophole. That means i couldnt sell you a gun, for example. Individuals cant sell guns because we cant do background checks. That would favor a company like walmart aus tensively. This happened with obama care. They got pharma onboard, pharma spent 75 million pushing for obama care. If they could get big business onboard with this given the red state credibility that walmart has, it would be a huge win if they can pull it off. Leave it there, thanks very much. Were going to keep an eye on the walmart story. Back to our panel. I really do beg your pardon for the interruption, but we had breaking news on the boeing problems at 787 dream liner. I think a lot of this stuff makes sense. I know youre going to chop my head off, go right ahead. I will. Lets start with matt lewis. And i love the daily caller, but hes wrong. I would be able to sell a gun to you, larry, but you and i would fill out the form at a gun store for the ffl background check, id pay the gun store 20, and i would know for a fact you dont have a criminal record, havent been put in the looney bin, et cetera. But it would mean you, larry, as a grandpa could not say to your grandson, i would like to give you one of my guns without asking the government for permission. Its getting into peoples lives in a way that will make no difference to these shootings. If you look at the history of the shootings, they have not been done through guns obtained through the loophole that everybody wants to talk about. What would work is if the government actually went after the people who make straw man purchases, where somebody with a clean record goes in and buys a gun and hands it to a criminal. That happens right now and the federal government has been very lax on enforcement. But if you go through with the ban on semiautos that feinstein wants. If they reup the ban from 1994 right. And then they say you cannot transfer one of those guns, larry, i have three of those ar15s, if some day i want to give them to my stepson or his children, i will be forbidden to do it. They may grandfather it. Theyll grandfather it for me, but theyre going to forbid the transfer. They might buy it back, who knows. Margie, do you have any problem with this . Were talking about this highcapacity Magazine Issue too and all kinds of documentation, including Mental Illness documentation, which i think is so important. The only thing theyve left out is why we cant have a little faith, little religion in the schools. Even a higher power to teach these kids as theyre young kids the difference between right and wrong. Now, i dont know if team obamas against religion or not, they probably are in the schools. To me, thats the only thing left out, the rest of the stuffs okay. I dont see a big problem with it. I dont see a big problem at all with a lot of these measures. And in fact, most of americans really support all of these measures. Theres a huge amount of Common Ground for a lot of the things were talking about. Universal background checks. Currently, about half of gun sales dont require background checks. You can have an order of protection and go find an unlicensed dealer and buy a gun. That happens now against a Domestic Violence dispute. So thats something that would be closed. Highcapacity magazines, thats something that a majority of americans, including gun owners support. Majority huge majorities of gun owners. Theres been poll after poll that has been shown that over the past few years. Ben franklins polling that shows that large percentage of gun owners say you can balance between the Second Amendment and keeping guns out of dangerous hands. Larry theres a huge amount if the argument is that you shouldnt have more than one bullet in the gun because if ten is too many or 20 is too many or 50 is too many, then why not limit everybody to one bullet . Because you know thats where this government wants to go. This president has been a gun grabber since he was in illinois how . How has he been a gun he proposed he proposed one at a time. A specific example. Except to expand gun rights. What i dont understand that. Why do you have to have 100 bullets in a magazine . Why cant i have why do you have to say 100 words under the First Amendment . These are civil rights. This is a huge mistake listen. Let jennifer get in there. I think its a huge mistake for lars to invent these improbables. Were talking about gun sales not gun gifts. Yes, we are. No, were not. The Vice President is talking about gun sales. Secondly, you just made the argument why we cant comply with those. Why shouldnt we . You and larry go down to the gun shop and get it done. Thats easy. It hasnt caused a problem. Then we should be doing it right now. Wait a second, lars, im not done. There is room for creative law making here. And heres what i would suggest, the president wants 100,000 teachers in america, i dont see any statistics down 100,000 teachers, how about 100,000 Police Officers, well have them armed and in the school and the fairfax i can tell you reasons that wont work. I like that. We should arm the teachers. No. We should have Police Officers. Why not . Because they are trained you dont trust the teachers . Ive got to get out. I dont, actually. I trust the Police Officer better than i do somebody who is a member of the teachers i its not something the Teachers Want to do. Teachers dont want to do it, they want guards to do it. Weve got it in big cities, its going to happen across the country. If the government doesnt mandate it, itll happen on a voluntary basis. Trust me on this. Margie, jennifer, and lars, thank you. Thank you, lars. Were going to switch gears for a second. The nih is concerned today that nfl star junior sayou did indeed suffer from the same kind of brain disease that afflicts many pro Football Players with many concussions. This comes as the league continues to fight a pricey lawsuit filed by a group of retired players. And also tonight, the stunningly great movie lincoln takes 12 Oscar Nominations today. This is my absolute Favorite Movie. It is a film about washington dysfunction then and now. And it is a film about how abe lincoln solved an incredible problem, 150 years ago to free the slaves. They didnt want to do it. Lincoln showed him how to do it and maybe we can all learn something from this fabulous movie. Well have much more on this later in the show. This settles the fate for all coming time. Not only of the millions now in bondage, but of unborn millions to come. So if you have a flat tire, dead battery, need a tow or lock your keys in the car, geicos emergency roadside assistance is there 24 7. Oh dear, i got a flat tire. Hmmm. Uh. Yeah, can you find a take where its a bit more dramatic on that last line, yeah . Yeah i got it right here. Someone help me i have a flat tire well its good. Good for me. What do you think . Geico. Fifteen minutes could save you fifteen percent or more on car insurance. Some disturbing knees from the National Football league. Turns out junior seau had a degenerative brain disease when he committed suicide last year. The cause, many people believe it was repeated concussions from the playing field. Question, how much damage is this going to do to the nfl and the others suffering from this . Here now to talk about is Sports Illustrated writer ben ryder. I take it you are not convinced of the cause and effect. That seau committed suicide, but you dont think that was because of the brain damage or the concussion . Well, i dont. First off the bat, i think we should say two things here. One is that this was a tragic event. Junior seau was a great man first and a great Football Player second. My condolences go out to his still grieving family and loved ones. The second is that it is never a good idea to sustain extended and multiple and repeated head trauma. And any effort on the part of the nfl and any other Sports League to minimize that should be applauded. Now, one important thing to stress here, and it cant be stressed enough is that the discovery of cte today in the brain of junior seau was an expected clinical result. Several physicians have said to me that they would expect cte to be present in the brains of virtually every person who ever played football in the postmortem exam. Why is that . I play football when i was a kid in high school, wasnt any good at it. I dont think i have cte. I dont have any of the symptoms of it. Well, thats just the point, right . Its essentially scarring. Its as if you were a carpenter. And if you played football, you might have this in your brain. However, the fact is that the vast majority of Football Players like you go on to lead satisfying and Productive Lives long after theyve left the gridiron. In fact, the suicide rate among Football Players is actually less than it is among the general population. Many physicians and researchers have emphasized to me that theres actually a real danger in making a definitive conclusion connection between the presence of cte in brains of people like junior seau. But there is research, growing research that suggests a cause and effect between the concussion and the, you know, the brain, the head contact and the cte. And let me ask you this. Lets look at this from the nfls side. Theres a big lawsuit against