To cnbc first around 9 30 eastern time this morning. Well also be talking to an analyst in just a few moments about ges offer, what he thinks ultimately will happen with this deal. First, more headlines from andrew. Andrew, good morning. You made it. Good morning. We can tell that story in just a little bit. Lets get you through some of the other headlines first. Two big names reporting after the bell. Twitter reported lackluster user and usage growth for the second consecutive quarter. That raised concerns about the company maintaining the mass following weve been talking about. The news on the growth overshadowing the betterthanexpected results. Twitter stock falling below postipo twice of 38. 80, that was the ipo low of 38. 80 on november 25th. You can see right now were at 37. 58. Also, lets talk about ebay a little bit. The company earning 70 cents a share versus on estimate of 67 cents. Revenue topping estimations as well. Coming in at 4. 26 billion. But guidance for its Second Q
tonight on the kudlow report, left-wing congressman henry waxman from the people s republic of hollywood is waging a vendetta against american business over a new tax on retiree drug benefits. once again, the washington tax attack on america. waxman s waging war against bookkeeping and s.e.c. disclosure laws. it s against our leading corporations. plus, entitlement apocalypse. social security, medicare and medicaid are going broke, and punitive tax rates on investors and successful earners will not raise the revenue to fund them. to quote washington economist allen reynolds, successful people are not docile sheep waiting to be shorn. and is oil really going to $200 a barrel? not if king dollar stays on its throne. and the opec saudis are fixing to drill, drill, drill and pump more, more, more. and finally r consumers really ready to spend? confidence up today. case-shiller home prices up for the eighth straight month. but jobs and wages are a big question, and so is
the entitlement state is dragging that continent down. is that a harbinger for things to come? and the obama economic adviser warns of a bad jobs number on friday. he fudges on the volcker plan to limit bank trading and tries to tell us that the president is very pro business. you don t want to miss this. and warren buffett pulls back from being bullish on stocks and enron crook, jeff skilling, goes all the way to the supreme court to try to get himself out of jail. these two points are not unrelated. we ll report on them. fasten your seatbelts, the kudlow report begins right now. good evening. i m larry kudlow. welcome to the kudlow report where we believe free market capitalism is still the best pat to prosperity. tax and spend entitlement time for even bigger government. one of the stars of the so-called bipartisan white house summit was senate republican conference chair, tennessee senator lamar alexander. we welcome him back to the program to tell us where w
a shot of the kennedy library where the bodyy of senator kennedy still lies in repose. the funeral will it will arrive in washington about 3:00 p.m. it will be part of a motorcade and then arlington national ceremony. there will be a private ceremony set to take place about 5:30 this afternoon. this is washington journal washington journal for august 29, 2009. for the next half-hour we will talk about senator kennedy s legislative priorities, but we want to talk to you about the president s tax priorities, specifically the promise that he made about the not raising taxes especially among the middle class in order to pay for efforts including health care. host: here s the question can president obama keep his no-tax pledge? it is a story you can find on the left side of the page. tax pledge is a target as deficits and debt grow. smewroys, lori montgomery, during the last year s campaign, president obama vowed to enact a bold agenda without raising taxes for the