The Larry Kudlow Show

Larry Kudlow and guests Steve Forbes and Liz Peek discussing a major military escalation involving joint American and Israeli airstrikes against Iran. The participants frame the conflict as a "righteous undertaking" aimed at achieving regime change, specifically targeting Iranian missile factories and nuclear infrastructure to end decades of state-sponsored terrorism. A central theme of the conversation is the unprecedented regional alignment, as the speakers note with surprise that various Arab nations are siding with the U.S. and Israel against Tehran. Beyond military strategy, the panel critiques past diplomatic efforts like the JCPOA as "pro-appeasement" failures and briefly touches on domestic politics, including the isolation of the Democratic party regarding these hawkish foreign policies and the potential restructuring of media outlets like CNN. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former National Security Adviser Robert O’Brien discusses a joint U.S.-Israeli military operation against Iran, characterizing the strike as an inevitable consequence of the regime's refusal to negotiate in good faith. O'Brien argues that the Ayatollah’s government brought the attack upon itself by rejecting a simplified diplomatic deal offered by President Trump that required the cessation of nuclear enrichment, ballistic missile programs, and support for terrorism. The discussion details a division of labor between allied forces, with Israel likely targeting specific leadership figures while American assets focus on destroying heavy military infrastructure and hardened bunkers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Faulkender argues that current market volatility and high energy prices are merely temporary symptoms of geopolitical friction that will subside once military objectives are achieved and global oil supplies stabilize. A central theme is the optimistic outlook on declining mortgage rates, which the speakers attribute to a transition away from inflationary pressures toward a growth-oriented agenda. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Carney clarifies that recent price spikes were driven by volatile service sector margins rather than trade policies, suggesting that underlying inflation remains under control. The conversation transitions into a confident political outlook, noting that a unified Republican leadership and a rebounding GDP create a strong tailwind for the administration. Learn more about your ad choices. Visit megaphone.fm/adchoices

The conversation primarily addresses the economic implications of a surprise U.S.-Israeli military action in Iran, noting that while oil prices have surged, the panel views the market disruption as a temporary reaction to wartime volatility. A significant portion of the dialogue is dedicated to rebutting "AI derangement syndrome," with the speakers arguing that technological displacement is a natural, albeit stressful, phase of industrial revolutions that ultimately drives long-term productivity and stock market growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

General Jack Keane discusses a coordinated military offensive by the United States and Israel aimed at permanently dismantling the Iranian regime. The strategy centers on achieving tactical surprise through daylight strikes, focusing initially on the destruction of air defense systems and the decapitation of political and military leadership. Keane emphasizes that this is a comprehensive campaign of war rather than a localized operation, intended to exploit Iran’s current domestic vulnerabilities and neutralize its missile and drone capabilities. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former Energy Secretary Dan Brouillette joins Larry Kudlow to discuss the economic and geopolitical implications of Operation Epic Fury, a joint military action against Iran. Brouillette argues that while a short-term price spike in oil is inevitable due to contractual risks, the global market remains stable because increased American production and excess capacity from allies can easily offset Iranian supply. The conversation transitions into a critique of the previous administration's lax enforcement of sanctions, which allegedly allowed Iran to fund terrorism through oil sales to China. Learn more about your ad choices. Visit megaphone.fm/adchoices

Forbes Media Chairman Steve Forbes and WABC Radio Host Steve Moore joins the show to talk President Trump's Tariffs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Smart X Data Chairman, Jack Bouroudjian and Co-Founder of Market Rebellion, Pete Najarian joins Larry to talk Stock Market Watch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ambassador Robert O'Brien joins the show to talk the War in Iran. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economist EJ Antoni and Professor of Finance Michael Faulkender joins the show to talk Inflation and GDP 4th Quarter. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Carney joins the show to talk with Larry about the Supreme Court's decision on President Trump's Tariffs Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and his guests argue that achieving 3.5% real GDP growth is the essential key to balancing the national debt and ensuring long-term prosperity. They critique the conservative estimates of the Congressional Budget Office and the Federal Reserve, asserting that these institutions fail to account for the massive economic potential of deregulation and productivity booms driven by artificial intelligence. The discussion emphasizes that a combination of low taxes and reduced regulatory costs will foster an environment of unlimited growth, effectively countering the redistributionist policies of political opponents. Finally, the group addresses internal administration shifts, celebrating a move toward free-market antitrust principles over populist interventions to ensure American corporate dominance remains unchallenged. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and Theo Wold argue that while Democrats are targeting the budget of Immigration and Customs Enforcement (ICE) to satisfy their base, this strategy inadvertently jeopardizes essential services like the Coast Guard, TSA, and FEMA. Beyond the immediate fiscal shutdown, the discussion highlights the heavy financial burden on taxpayers caused by sanctuary city policies and the alleged systemic fraud tied to illegal immigration. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and former National Security Adviser Robert O’Brien discuss a significant shift in American foreign policy toward Iran, noting that regime change is now openly being considered by the administration. They explore the President’s preference for a diplomatic deal that eliminates nuclear and missile threats, yet they emphasize that his patience is waning due to Iran's history of stalling and past aggression. To underscore this pressure, the speakers highlight a substantial military buildup in the region, featuring multiple aircraft carrier groups intended to provide overwhelming firepower and protect allies like Israel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow discusses several high-priority conservative policy goals with guests Joe Concha and Mark Simone, primarily focusing on the push for mandatory voter ID and proof of citizenship for the upcoming elections. The speakers frame the lack of identification requirements as a logical inconsistency, noting that photo IDs are required for daily activities like air travel and entering media buildings, while suggesting that public opinion across various demographics strongly supports these measures. The conversation then shifts to the defunding of sanctuary cities, where the participants argue that local non-compliance with ICE leads to increased crime and prevents the efficient deportation of criminal undocumented immigrants. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and John Carney examine the unexpected decline in consumer prices, challenging the conventional wisdom that inflation only slows down rather than reverses. Carney highlights a detailed analysis of 71 specific goods and services that saw price drops in January 2026, noting significant year-over-year decreases in essential categories like eggs, fuel, and electronics. Beyond these statistics, the discussion serves as a rebuttal to critics of trade tariffs, specifically targeting a New York Fed study that claims domestic consumers bear the brunt of import taxes. Carney argues that these economic models are fundamentally flawed because they misinterpret internal bookkeeping between multinational subsidiaries as actual price increases for the public. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and investment experts Jack Bouroudjian and Jim Lacamp analyze a robust bull market characterized by shifting leadership and strong economic indicators. The participants argue that the economy is entering a period of significant productivity growth and high corporate earnings, which they believe justifies high stock valuations despite a recent drawdown in Bitcoin. Central to their optimistic outlook is the observation that wages are outpacing inflation, creating a favorable environment for consumer spending and further investment. The discussion also critiques current monetary policy, with the panel calling for the Federal Reserve to lower interest rates to avoid stifling the ongoing "miracle" of market expansion. Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Kudlow and David Malpass discuss the need for a fundamental shift in Federal Reserve policy following the anticipated appointment of Kevin Warsh. They argue that the central bank’s current reliance on backward-looking data and outdated economic models stifles national prosperity by failing to account for the power of innovation. Malpass suggests that by moving away from the "natural rate" of interest and embracing supply-side reforms like deregulation and tax cuts, the government can achieve rapid economic growth without triggering inflation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senator Rick Scott discusses the legislative gridlock in Washington, specifically focusing on the Democrats' refusal to fund ICE and other homeland security agencies. Scott expresses skepticism that a budget will be reached, arguing that his political opponents prioritize open borders and the protection of undocumented immigrants over national security and enforcement. The conversation shifts to the Save America Act, where Scott outlines a strategic plan to bypass traditional hurdles using a talking filibuster to pass election integrity measures with a simple majority. Learn more about your ad choices. Visit megaphone.fm/adchoices