But tonight, we will celebrate his true legacy. He was a key proponent of Economic Growth and an inspiration for supplyside economics for decades to come. Just check it out. Listen to this. It is a paradoxical truth that tax rates are too high today and tax revenues are too low. And the soundest way to raise the revenues in the long run is to cut the rates now. You cant tell me he wasnt a supplycider. Well have all these stories and more. The kudlow report begins right now. First up tonight, a lot of news on obama care today. Lets get to dominic chu for all the details. Good evening, larry. Lets start with the doctors because there is new increasing concern about how much they will be paid under obama care. Now, its very difficult to get exact figures on what doctors charge. But through interviews with doctors, a news service came up with these useful estimates. A doctor might be paid 100 for an office visit of a complex nature. Medicare pays 90 of that. But for the same thing, the Exc
Gm. Today, it got even worse. Now, there are now accusations that a gm defect may have led to hundreds of deaths. All those stories and much more coming up on the kudlow report, beginning right now. Good evening, everyone, im larry culled level is the kudlow report. We are live here, 7 p. M. Eastern, 4 p. M. Pacific. Now the crimean referendum will take place on sunday Russian Troops overseeing the whole thing. That will lead to a monday deadline from secretary of state john kerry. Kerry met with Russian Foreign minister, Sergei Lavrov today. Nbc newss Steve Sedgwick joins us from kiev with details of that meeting. Good evening, steve. Reporter ukraine remains on tenterhooks friday as lastditch talks to avert the referendum down in the crimea on sunday failed to create a solution with the kremlin and the west still at logger heads. John kerry after his talks with Sergei Lavrov says the russians should respect the efforts that have kept peace. Secretary of state john kerry said a refere
The round number watch continues. I love it. Coming up later on closing bell, a big news maker, Prince Alwaleed Bin Talal al saud. Hes been asking saudi arabia to diversify because of the natural gas explosion and fracing in america. Well talk about how hes allocating capital. Which includes big stakes in citi, news corp. And twitter. Dont miss that. We hear he made 600 million on the twitter investment, on the ipo there. Unbelievable. More fallout from the new health care law. A new poll of midsized american businesses shows theres a trend to move workers to parttime status due to the mandates of the law. This is something the white house has been pushing back against very hard. But these numbers tell a different and disturbing story. Were going to have more on that. Stay tuned for more results. Bill, a lot of people pushed back on this whole idea. I reported this first on meet the press and got killed on twitter for it because people disagreed with it. Now we have these results. Want
Plus another casualty from nsa wire tapping. Brazil is now snubbing us and cancelling a visit. So much for the u. S. Being more respected in the world. All those stories and much more coming up in kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We know Larry Summers is out but we do not know who the the new fed chairman will be. Tomorrow well get the policy decision and a very important ben bernanke news conference. It we please go back to a rulesbased Monetary Policy . We have seen more catastrophic tinkering, mettling in the last dozen years than we had in the whole of the 19th century and that is when there was no fed and the dollar was as good as gold. I was there. Rules are more important than egocentricfed rock stars. Lets bring in our guests. John, you were there in the 19th century. Who do you think should succeed ben bernanke . This is giving summers way too much credit, but we may miss him given the b teamers coming in be
At the new york stock exchange. Hi, ty. Well, the s p hitting a new intraday high today. It was a record. Were just below that record high right now. The dow is having a pretty decent day as well. The nasdaq, not so much. Theres the s p up 5. 25 on the trading session. The dow is up about 72. And the nasdaq, its down by about 11 points. Shelia come ranlgians at nasdaq. Bob pisani first with the upside for the big cap stocks. The good news the the s p hit an intraday high today. The bad news is, its kind of off of those highs. We need 1878 to close at a new high. Were sitting right on the line. Ipo day, big ones down here. A10 networks make software, opened finally around 16. Priced at 15. There was a little bit of a delay because they had to file an amended s1. They did eventually open. And amber road, a cloudbased Management Software company, priced at 13 and you can see here, opening rather strongly and holding up there at 17. Also want to note, among some of the emerging market coun