Transcripts For CNBC The Kudlow Report 20140110 : vimarsana.

CNBC The Kudlow Report January 10, 2014

Blindsided by these bridgegate emails. Its my personal take. I just wanted to get that in there. We have ron fornier from the well cover that in Great National journal, how Chris Christie can save his career and detail. We also welcome back ann and pushing down oil prices, that is good news for the economy. Matt arco who has been following and a week after legal pot sales this story from the beginning in colorado, well look at the and we welcome new Jersey Assembly majority leader lewis financial score. Remember, pot heads are expected greenwald. General and gentlemen and to generate reverend few. How can they if they are always stoned and not working . Thats coming up on the kudlow ladies, welcome. Report right now. Thank you very much. Do you think christie had a Sister Soldier moment . Did he go against the normal political grain . Yeah, in a lot of ways he good evening, everyone. Did. It was a pretty remarkable day, im larry kudlow. Like you said, larry. Its 7 00 p. M. Eastern, 4 00 we have to remember that surviving a political crisis is p. M. Pacific. More about a process than it is another trying day for chris a single performance and what we christie. This morning he fired for the still dont know is, one, woman causing bridgegate and whether the people of new jersey held a twohour News Conference that i think saved his career. And beyond will buy his dee after that, he went to ft. Lee niles of involvement. Two, whether anybody else was to personally apologize to the involved or where this investigation might lead. Having covered the state capital mayor. Scott cohn is joining us. Before, i find it hard to what can you tell us . Believe that only two people a trying day as in chris would know about this. And, three, whether its a christie is really trying. This is not over yet. Pattern of abuse or whether its the office that Chris Christie isolated. You know that theres going to be a lot of reporters and once held is seeing if there are democrats and enemies even on any Legal Investigations and the the republican side of Chris Christie who are going to have Jersey Legislature is all over their ears pinned back now looking for other instances that this. The Port Authority who ordered fit this pattern of abuse. The lane closings took the just to follow up, it just seems to me i appreciate your fifth. The extraordinary news qualifying that, i think its conference, he said hes sorry, important and were going to really, really, really sorry. Talk to assembly greenwald in a moment. It really struck me. I believe that all of the its very rare for particularly a leading politician to take the people who were affected by this conduct deserve this apology and thats why im giving it to rap for somebody elses actions. You know what i think . We have a president and maybe them. Im going to be too tough on i also need to apologize to them him. Obama on most of these things says i didnt know and nobody gets fired. As governor of the state to is this a new Chris Christie and understand the true nature of this problem sooner than i did. Will this be impressed the but he wasnt done. Voters around new jersey and around the country . Them choppering up to ft. Lee to i think it will. He has a chance to be the personally apologize to the antipolitician, to do things mayor. Differently, certainly different they met behind closed doors for than president obama has done. 45 minutes. Even president obama was slow to ever take responsibility to fire did you apologize to the people of ft. Lee . Of course. Anybody, to hold people accountable. I did that this afternoon and if you look at the column i im also here to apologize to wrote beforehand, he did everything i suggested that he the people of ft. Lee. Do today. Its a terrible thing and we are he didnt throw up in his records, he didnt say that he left the media and investigators looked at the emails and going to work to regain their documents, which hes going to have to do. Other than that, he pretty much trust. Chris christie still in checked all of the boxes that he needed to today. I wanted to make a point that its not just about today. Luke greenwald, thank you for making the trip up here. There are subpoenas up there. Are there going to be more emails and Text Messages and things of that sort that could open the doors that ron fornier said might show up . There are two people from his staff and two others from the Port Authority. Whats going to happen with the Assembly Side . There is going to be more hearings. Theres going to be more emails. Were going to ask more people to come in and testify. The government took an important step and i agree, we saw a very humbled Chris Christie. The reality is that Chris Christie was pushed in this direction that was pushed by the subpoenas that went forward and the reaction of Port Authority taking the fifth amendment. Just a few days ago you saw the old bomb bass stick Chris Christie saying i was the guy out there with the cones. The question is, is this a Chris Christie of convenience or has he realized his behavior, the style hes taken in the past, yelling at people at town hall meetings, berating teachers, calling members of the legislature numb nuts and take a bat out to that old woman, is that style which led to the behavior of his staff or has he really realized that theres a culture that hes created that he has to change . If he changes that culture, he may benefit himself by really connecting with people in other parts of the country. Absolutely. Absolutely. National implications are written all over it. Just to follow up on that, have others asked christie or the executive branch to give you assistance in getting hold of other emails and Text Messages and whatever else is out there . In other words, i dont know what christie presumably has none of them because he didnt know about it but does he have the power . The governor of new jersey is one of the most powerful governors in the country. Can he give you more information . Can he order, if you ask for it . He can. And i think heres where we really are right now. Weve gotten information finally after showing the subpoenas from the Port Authority. Much of that information has come over redacted. I think a very important step that the governor can take today is demand as hes doing today an internal investigation is to require that that information be presented with complete transparency so we know who knew what and when they knew it. Kelly, is and changed man . Will they give out information . How big of a story is this . Hes changed in terms of the way that some people in the public have perceived him but hes always been the honest and ethical guy that youve seen on display today and the contrite and deeply personal hurt at the betrayal of the public and of the governor, him being lied to directly, that was all on display. Let me add to that, with very no notes, no net, a lot of republicans want to run against him in 2016 are not capable of that. Hillary clinton is not capable of that. We certainly cant get an answer from her on benghazi let alone what her aides have done but i think what you will see now is this earnest side of Chris Christie. Is this a burning bush moment for Chris Christie . Its huge. He your hon he turned one of his most important political days. He said im not a bully. Hes going to have to prove that to you and others in the assembly. He busted all of the care ka turs and what he saw, unadulterated, people saw what they define as a he had looker. Mitt romney say they like people who they think are like them. Because he admitted a mistake. He said, i was wrong and i take the rap. He said things politicians never say. Dont you think well see if its a burning bush moment. Matt, heres to me the nub of it. The onehour meeting that he described, what, a month ago when he asked about closing down these lanes in ft. Lee for the George Washington bridge and he said no one stood up to say anything and therefore his deputy chief of staff and Campaign Manager lied. Are you convinced of that and is that where the future investigations are going to go . That is a huge set of assertions that he made and so then he says, when i finally saw the emails last night, i took immediate action to fire the kelly woman and whatever. Do you buy that onehour meeting story . You know, i was on here last night and what he essentially said was, the idea of judging from what we know of christie, covering him for a couple of years, i doubt that he would, you know, face the press corps knowing and just kind of knowing that it was a boldout lie. What he said about that meeting and i discussed it last night that we heard that he sat down with folks that have come forward, if you have something, tell me now. And they lied to him. Because thats what hes saying. You know, i dont know. At this point i cant say. The presumption is former u. S. Attorneys would not lie to the public. Right. Hes put people in jail to lying to the public. Hes not going to do that. Thats a key part of this story, that seems to me. If this onehour meeting story breaks down, ron, mr. Christie will probably be finished, will he not . I already have problems with it. A former u. S. Attorney doesnt take peoples word. He should have had his chief of staff run an investigation a month ago. These Text Messages that came out yesterday, they were there a month ago. So if im Chris Christie, im wondering, why didnt i know about this a month ago. But he answered that, ron. Why isnt my chief of staff or Legal Counsel out the door, too, for not protecting me on this. Because he said let me get the majority leader in here. Youre going to be involved in this followup story. Whats your take on what fonier said . The governor that you saw today is the governor that i see when i meet oneonone with him. The problem is, hes made a stereotype of himself as a bombastic figure. The governor that was a u. S. Attorney would have never been satisfied with that onehour meeting without Digging Deeper and he left that on the table. Thats either because hes gotten complacent or because hes distracted by his own personal ambitions to run for president. Having the traffic jams a the George Washington bridge that was being reported, any politician worth their salt would have picked up somebody at the Port Authority, their d. O. T. Commissioner and said, what the hell is causing the traffic jam six weeks before the election in the most populated county in the state . I want some answers. Listen, i want some answers. I got caught in the backlash coming up the west side highway. Kellyanne, it sounds like you disagree with ron fornier. I love ron but i feel like christie was blindsided. Why didnt his general counsel examine emails and texts . Why . I dont know. But thats a key question. Its something that they are going to be asked. But judging from what the governor said today, the answer is very simple. For the same reason that you didnt investigation emails from employees a month ago, for the same reason i didnt and the assemblyman didnt. You have no reason to believe that any crime was committed, that anything untoward was done. He said he was totally blindsided, not by what the text said but by the existence of a text to begin with. Bridget kelly and whatever his name is, among his closest he called them family members today. Closely family members and friends. They betrayed him. I see what greenwald and ron are saying. You wouldnt just leave it on the table but you would if you truly believe because the only people that could have been involved have already told you theres nothing else to know, were not involved. And the other two people that have resigned, wildstein still cant get over that and bill had already resigned. But that should have raised questions, why did they resign. Great point. Anyone who knows Bridget Kelly knows absolutely assuredly that she would not have made a call like this to shut down the bridge i heard she was a straight arrow, frank. I dont know her but ive heard from other political people that shes a straight arrow. She would take an order. What about the Campaign Manager . Larry, thats why i say to you, we need to get to spepian. We need to get the and this is why the most important thing that the governor can do is provide those emails without the redactions, being as transparent as possible because it will show who knew what and will allow an investigation to take place to see how far this went. Because the criminal activity is not bribery or fraud. Its whether or not taxpayer dollars in a Government Office was used for political exact tea which we saw in pennsylvania has put a number of people in jail. Go ahead, ron. Real quick. Im sorry. And im transparent. Im sorry and im accountable are just words unless youre fully transparent. All right. More work to do. Thank you, gentlemen. Majority leader Matt Greenwald and everybody else watching, terrific stuff. Top u. S. Corporation were switching gears. A massive bribery scandal. Morgan brennan is about to join us with the latest on that story. And later in the show, were going to get more on the Chris Christie story as seen through the eyes of the National Talk radio audience. What are the hosts and listeners all over america have to say about this scandal and the governments performance and do they even care . The best path to pros tear tpere rule of law. Im kudlow. Well be right back. Aflac aflac got em. Yeah, hes clean, boss. Now listen to me, duck. I have an associate that met with, uh, an unfortunate accident. While hes been incapacitated, somebodys been paying him cash. Now, is this your doing . Aflac . Now, if i met with some such accident, would aflac pay me . Nice. This is your stop. [ male announcer ] find out what aflac can do for you and your family. Aflac . [ male announcer ]. At aflac. Com. For you and your family. Aat a company thats bringing media and technology together. Next is every second of nbcuniversals coverage 0f the 2014 olympic winter games. Its connecting over one million lowincome americans to Broadband Internet at home. Its a place named one americas most veteran friendly employers. Next is information and entertainment in ways you never thought possible. Welcome to whats next. Comcastnbcuniversal. Alcoa pays 3 384 million to Sell International bribery charges. Morgan brennan is joining us now with the details. Good evening. In a joint venture, paying 384 million to settle charges between the s. E. C. And doj to officials in bahrain. The s. E. C. Saying alcoas subsidiaries used a londonbased consultant with connection to bahrains royal family to maintain a key business in that country. As a part of the deal, alcoa, a joint venture pleaded guilty to one count of violating antibribery provisions of the foreign corruption act. This will rank as the largest settlement with the justice department. This is a pretty substantial deal. Also worth noting, alcoa was not accused any wrongdoing with no one named in the charges. Heres what was said about this earlier today. We have been able to negotiate it in such a way that puts less Financial Stress on the company and is getting paid over four years so thats good. We can put this behind us. We can clear the path here and we can focus on what really matters and that is the change, the transformation that is undergoing in the company. Alcoa reported Fourth Quarter earnings today. Missing estimates. Four cents per share. Alcoa reported a net loss of 2. 19 a share on reverend few of 5. 59 billion which topped revenue estimates. Shares down almost 4 in afterhours trading right now, larry. Thats the market verdict. Down 4 . Morgan brennan, thank you. We appreciate it. Now, theyve been ceiling legal recreational pot in colorado for about a week now. They wi they tell me business is booming. Jane wells in colorado has the details and a look where the money is coming from and where its going to. Thats up next on kudlow. So ally bank really has no hidden fees on savings accounts . Thats right, no hidden fees. Its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. And shift through all eight speeds of a transmission connected to more standard horsepower than its german competitors. And that is the moment that driving the lexus gs will shift your perception. This is the pursuit of perfection. The first week of legal pot head use, sales generating huge tax sales for the state. Jane wells is colorado. Good evening, jane. Reporter hey, larry. The hope is that these plants will mature soon because demand for recreational Legal Marijuana is outstripping supply in colorado leading to much higher prices. How much are prices going up because of scarcity. About 200 . Reporter this is the Wellness Center and one huge issue facing this industry is no Bank Accounts for an allcash business that cant even take credit card payments. Pot profits are considered illegal money. Asking the federal government to address the banking issue, we also heard that the department of justice will issue a memo giving guidelines to the Banking Industry about what kind of payments they can take. As soon as it smells like marijuana, they will investigate us and start to close

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