The context of a larger agreement, a bigger deal, a grand bargain but with this congress that was a little too much to hope for at this time. You heard it for yourself. The president antagonizing and in sust insulting republicans. And then there was this. That reform has to go hand in hand with reforming our tax code so that wealthy individuals and the biggest corporations cant take advantage to deductions to those standing up here that arent available to most americans. That was the first time that the public has heard the president say that he wants to raise taxes next year. Lets pass the tax relief portion now, lets take what has been agreed to and get moving and we will continue to work on finding smarter ways to cut spending but lets not let that hold up the tax hike that will take place in ten hours. I want to give a kudos to senator biden. Good for him and good for mcconnell. Good evening. This is the kudlow report. Now there still may be a vote in the senate tonight. The breaki
Good evening. Good evening, larry. It was a showdown at the white house between the speaker and the president of United States. Ill bring you all the details here on who was inside that room over at the white house today. All right, thank you. And there was a twist this afternoon from president obamas favorite for secretary of state. Ambassador susan rice withdraws her name from the running. Ill tell you coming up what lead her to make the decision. And im jackie deangeles. Ongoing jitters over the fiscal cliff continue to keep the markets on edge. The decline is all across all ten s p sectors. The kudlow report starts right now. First up, we begin with breaking news out of washington tonight with just 18 days until the countrys economy falls off the tax and fiscal cliff, turns out president obama and House Speaker john boehner have just wrapped up a surprise meeting at the white house. Cnbcs own eamon javers joins us now with the details. Again, good evening, eamon. Good evening, larr
Years. Companies are showering cash on shareholders. S p 500 companies bought back more than 128 billion of their own shares in the third quarter. Thats the highest level since the Fourth Quarter back in 2007. If you combine buybackes and dividends, you get a total of 207 billion. Thats just in the third quarter. Take a look at the futures right now and see how markets are setting themselves up for the morning. We have some green arrows again. The dow looking like it would open up about 30 points higher, nasdaq looking like it would open higher. We have more on the markets in just a few minutes. But before we do that, Michelle Caruso cabrera has some of the morning headlines. I love the shirt, andrew. Thank you. Its terrific. I will take that. In corporate news, disney is reducing bob igers pay. Disneys strong results didnt outperform igers target by the same extraordinary amount in 2012. In other company news, the company has named jack dorsey a cofounder. Shares of disney are up this
That only 50 have actually paid. Team obama finally just fired the company that built the terrible healthcare. Gov website and Health Insurers now are petrified that they are going to lose their federal government bailout. All those stories and more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Easter eastern, 4 00 p. M. Pacific. New jersey lawmakers released thousands of documents. Cnbcs own eamon javers is joining us. A lot of this stuff has been subpoenaed over the last couple of months between folks in Chris Christies camp and the Port Authority. Were seeing emails from people who dont like each other very much to other people that they dont like very much but nothing so far here to contradict what Chris Christie said yesterday, which is that he had no idea that this all was going on. Let me give you a sense of the flavor of the emails. One of them in particular is from patrick ho
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