LARRY: KT MCFARLAND, THANK YOU
THANK YOU, MA’AM.
GOOD TO SEE YOU.
>> THANKS, LARRY.
LARRY: SANDRA SMITH COANCHOR OF
"AMERICA REPORTS" ON FOX NEWS
AND CHARLES PAYNE, ANCHOR OF
"MAKING MONEY" ON FOX BUSINESS.
I ALMOST INTRODUCED THEM BEFORE.
YOU NEVER KNOW WHAT HAPPENS ON
LIVE TV.
FIRST POINT, IT IS KIND OF COOL,
WE WERE TALKING ABOUT THIS
AMONGST OURSELVES.
SO BP IS PULLING OUT OF THE
RUSSIAN OIL COMPANY.
SHELL IS PULLING OUT OF THE
RUSSIAN OIL COMPANY.
SANDRA SMITH YOU HAVE A LAUNDRY
LIST.
THE PRIVATE SECTOR, LET ME GET
THIS RIGHT, THE PRIVATE
COMPANIES ARE ENGINEERING
SECONDARY BOYCOTTS AGAINST
RUSSIAN OIL AND GAS BEFORE THE
GOVERNMENT HAS PRIMARY
SANCTIONS, IS THAT FAIR?
>> WE’RE STILL BUYING
670,000 BARRELS A DAY FROM
RUSSIA.
THE PRIVATE COMPANIES SAY IF YOU
WILL NOT CUT OFF THE PAYMENTS TO
RUSSIA WE WILL.
THE PRIVATE SECTOR IS TAKING
THIS INTO THEIR OWN HANDS.
BP LED THE WAY.
SHELL FOLLOWED ON MONDAY.
SAS FOLLOWED, THEN THE CAR
COMPANIES.
YOU’VE GOT VOLVO SAYING HALTING
BUSINESS ALL TOGETHER IN RUSSIA.
GM SAYS IT IS SUSPENDING VEHICLE
EXPORTS TO RUSSIA UNTIL FURTHER
NOTICE.
DAIMLER, THE GERMAN TRUCK MAKER
IS ON BOARD.
MERCEDES-BENZ IS JOINING THIS IS
AMAZING TO SEE THE PRIVATE
SECTOR SAY IF YOU WILL NOT CUT
HIM OFF WE WILL.
WHY IS IT THAT WE HAVE BARS AND
RESTAURANTS AROUND THE COUNTRY
RIGHT NOW POURING RUSSIAN-MADE
VODKA DOWN THE SEWERS AND THE
DRAINS LARRY BUT YET WE CONTINUE
TO KEEP THE OIL FLOWING FROM
THAT COUNTRY?
LARRY: YOU KNOW, THIS STUFF, SO,
CHARLES, ONE OF MY FORMER NEC
STAFF NOW WORKING ON THE HILL
SAID THEY’RE GETTING REPORTS,
ONE OF THE RUSSIAN OIL COMPANIES
IN THE URALS, THAT ACTUALLY
SUPPLIES TO THE NORTHEAST, OUR,
MEANING U.S. REFINEERS WILL NOT
TAKE DELIVERY.
LENDING BANKS WILL NOT FINANCE
THE INVENTORY.
ANOTHER EXAMPLE OF A SECONDARY
BOYCOTT.
THEY’RE NOT EVEN WAITING FOR
MR. BIDEN AND ANYBODY ELSE.
>> I WAS WAITING IN THE GREEN
ROOM WHEN I HEARD BRET BAIER
TALKING ABOUT THE LUNCH YOU HAD
WITH PRESIDENT BIDEN TODAY, HIM
AND OTHER JOURNALISTS.
HE THINKS HE WILL START TONIGHT
TALKING ABOUT UKRAINE AND TAKING
A VICTORY LAP FOR UNITING THE
WORLD.
LET’S BE HONEST THIS IS ALL
ABOUT PRESIDENT ZELENSKYY.
I THINK IT WAS THE MESSAGE HE
MADE TO EU LEADERS THAT TRIGGER
GERMANY.
YOU HEARD KT SAY THAT THAT WAS
THE MAJOR TURNING POINT.
FOR GERMANY TO GO AGAINST THEIR
CONSTITUTION, SAYING WE’LL SEND
LETHAL WEAPONS, WE’LL OPEN UP
LNG TERMINALS, AND FOR A COMPANY
LIKE BP TO SAY WE TAKE A
25 BILLION-DOLLAR HIT, YOU KNOW
WHAT, AFTER THAT EVERYONE CAME
IN.
THAT WAS THE ULTIMATE DOMINO.
WHEN THOSE FELL EVERYONE, ALL OF
THEM FELL.
LARRY: ZELENSKYY IS PUTIN’S
WORST NIGHTMARE AND, YOU KNOW,
GOD BLESS HIM, ZELENSKYY.
I DON’T NEED TRANSPORTATION.
I NEED AMMO.
>> I DON’T NEED A RIDE.
LARRY: I’M SPEAKING TO THE
EUROPEAN PARLIAMENT FROM A
BUNKER IN UKRAINE, IN KYIV.
HE IS NOT LEAVING.
THAT IS LEADERSHIP.
THAT’S GUTS.
THAT IS COURAGE.
THAT’S CHARACTER.
EVERYTHING THAT VLADMIR PUTIN
DOESN’T HAVE.
>> ROBERT O’BRIEN WAS ON WITH
MARTHA MacCALLUM, WE’RE
WITNESSING A LIVING HE LEGEND.
BECAUSE OF HIS LEADERSHIP WE’RE
SEEING ALL INDIVIDUAL STORIES OF
UKRAINIAN CIVILIANS ON THE
GROUND WILLING TO FIGHT BECAUSE
THEY KNOW THEIR LEADER IS ON THE
FRONT LINE.
THAT IS LEADERSHIP.
THE WORLD IS TAKING NOTICE.
ALL EYES ARE ON OUR PRESIDENT.
THIS IS NO LONGER AS SOMEBODY
SAID ON MY LAST HOUR THIS IS NO
LONGER AN ADDRESS TO THE NATION
BUT AN ADDRESS TO THE WORLD AS
WE SEE ZELENSKYY, WE SEE PUTIN,
PRESIDENT BIDEN WILL STAND UP
THERE AND WILL HAVE TO ADDRESS
WHY WE HAVE PUT OURSELVES INTO A
SITUATION THAT WAS MUCH
DIFFERENT, LARRY KUDLOW, JUST A
FEW YEARS AGO WHEN YOU LOOK AT
ENERGY IS THE CENTER OF ALL OF
THIS.
THAT THOSE OIL SALES CONTINUE TO
LINE THE POCKETS OF VLADMIR
PUTIN.
EVERY TIME WE BUY A BARREL OF
OIL YOU’RE LINING THE POCKET OF
VLADMIR PUTIN.
LARRY: INCLUDING THE 500,000
THAT COME TO THE UNITED STATES.
>> CORRECT.
LARRY: 500,000.
>> CHUCK SCHUMER SAID A SECOND
AGO, THAT IS A LITTLE BIT.
NO IT IS NOT.
THAT IS SIGNIFICANT MORE AMOUNT
OF OIL WE’RE BUYING FROM RUSSIA
THAN WE WERE COUPLE YEARS AGO.
>> LAST MAY WE BOUGHT
26 MILLION BARRELS, A RECORD FOR
A MONTH.
COUPLE YEARS EARLIER WE WERE
BUYING 10 MILLION.
WHAT IS IRONIC TO YOUR POINT, HE
WILL ACTUALLY DOUBLE DOWN ON
THIS.
HE WILL TELL US TONIGHT, NO, WE
GOT TO DOUBLE DOWN ON THE
CLIMATE CHANGE AGENDA.
IT IS GOING TO COST A LOT OF
MONEY.
HERE’S THE THING, TO ANNOUNCE
TODAY THAT THEY’RE GOING TO
RELEASE 60 MILLION BARRELS.
LARRY: HOW DID THAT WORK TODAY,
CHARLES?
HOW DID THAT WORK?
>> BACKFIRED MISERABLY.
OIL SKYROCKETED.
LARRY: REALLY?
>> CRAZY THEY THOUGHT IT IS
EMERGENCY SUPPLY, IF YOU KEEP
TAPPING IT, WHAT ARE YOU TELLING
THE WORLD, IT IS AN EMERGENCY
AND I HAVE NO CLUE HOW TO HANDLE
IT.
CALL THE AMERICAN PRODUCERS,
GUYS, TURN ON THE SPIGOTS.
LARRY: HE WILL DO IT WITH A
STRAIGHT FACE.
YOU WILL HEAR ABOUT IT MORE
TONIGHT.
LOOK, SANDRA, I DON’T WANT TO BE
OVERLY BIASED BUT I HAVE MY OWN
VIEWS ABOUT PUTIN, EVERYBODY HAS
THEIR OWN VIEWS ABOUT PUTIN AND
EVERYBODY HAS THEIR OWN VIEWS
ABOUT BIDEN, IS IT FAIR TO SAY,
AS A REPORTER IS IT FAIR TO SAY
EVERY POLL SHOWS THE COUNTRY IS
NOT BUYING THE PRODUCT MR. BIDEN
IS SELLING?
>> I HAVE THEM IN FRONT OF ME
LISTED ONE AFTER ANOTHER.
LARRY: I SAID EMPIRICALLY.
>> HEADING INTO TONIGHT 37% IS
HIS OVERALL APPROVAL RATING WHEN
ASKED IS JOE BIDEN A STRONG
LEADER, FOX NEWS POLLING, 61%,
36% SAY YES, 61% SAY NO.
THAT HAS ONLY GONE UP DURING HIS
PRESIDENCY.
DOES BIDEN HAVE MENTAL SOUNDNESS
TO SERVE EFFECTIVELY AS
PRESIDENT.
THAT IS HIGHEST SINCE HE WAS
PRESIDENT 73%.
PEOPLE DON’T LIKE WHAT HE IS
SELLING OR THE WAY HE IS ACTING
MITCH McCONNELL SAID THE
PRESIDENT NEEDS TO ANNOUNCE
SIGNIFICANT CHANGE TO POLICY,
ENERGY POLICY OR OTHERWISE.
I DON’T THINK ANYBODY IS HOLDING
THEIR BREATH.
JEN PSAKI THIS MORNING I THOUGHT
OF YOU WHEN I HEARD JEN PSAKI
SAY THIS, BY THE WAY KEYSTONE
PIPELINE WOULD TAKE YEARS, THAT
WOULD TAKE YEARS.
WHAT R WE TALKING ABOUT GREEN
ENERGY, BY THE WAY?
ISN’T IT THE JOB FOR THE
ADMINISTRATION TO LOOK OUT INTO
THE FUTURE TO PREPARE US FOR A
BETTER NATIONAL SECURITY
SITUATION?
THEN SHE KEEPS PUTTING OUT THE
TALKING POINT ABOUT OIL LEASES,
OIL LEASES THERE ARE 9,000 OIL
LEASES.
THAT IS TOTAL NONSENSE.
LARRY: NONSENSE.
>> WHO IN THIS ENVIRONMENT WOULD
TRUST THE ADMINISTRATION,
WOULDN’T CHANGE THE RULES OF THE
GAME IN MIDDLE OF TAPPING INTO
THAT?
LARRY: AND, AND THE INTERIOR
DEPARTMENT WILL NOT PERMIT ANY
PIPELINES, NOR WILL THE EPA, NOR
WILL THE ENERGY DEPARTMENT.
IN FACT THE ENERGY DEPARTMENT,
JENNIFER GRANHOLM, FORMER
GOVERNOR OF MICHIGAN, SHE IS
SITTING ON SIX APPLICATIONS, SIX
APPLICATIONS FOR LNG EXPORT
TERMINALS, EQUIPMENT AND
PIPELINES AND SHE WON’T DO IT.
OF COURSE THEY ARE NOT GOING TO
INVEST.
CHARLES, HOW WILL THIS WORK IN
THE STOCK MARKET AND THE
ECONOMY?
I WANT TO PICK YOUR BRAINS?
>> THE MARKET LAST FEW DAYS
SUGGESTED IT IS OVERSOLD.
BUT THE HEADLINES, NEW EXAMPLE,
FUTURES THIS MORNING WERE UP
UNTIL 2:00, HEADLINE CAME OUT OF
UKRAINE FROM RUSSIA, IMMEDIATELY
WENT DOWN.
CERTAINLY HEADLINE DRIVEN RIGHT
NOW.
BUT THERE IS THIS THING ABOUT
THE CONNECTION BETWEEN MAIN
STREET AND WALL STREET.
THERE IS A CONNECTION
PARTICULARLY WHEN IT COMES TO
YOU KNOW HOW WE FEEL OUR
CONFIDENCE, THAT IS EXTREMELY
IMPORTANT.
IT DOESN’T MATTER DAY-TO-DAY
PER SE BUT I’M REALLY WORRIED.
WE HAD THIS DISCUSSION
YESTERDAY.
I DO FEEL LIKE THE NATION IS
SLIPPING INTO JIMMY CARTER LIKE
MALAISE.
I WISH THAT THE PRESIDENT WOULD
LISTEN.
INSTEAD IT IS OUR FAULT.
WE’RE NOT LISTENING.
HE IS DOING AN AMAZING JOB.
HE IS GOING TO BRAG TONIGHT, HE
WILL BRAG TO PEOPLE WHO ARE
PAYING THEIR GROCERY BILLS.
HE WILL BRAG HOW GREAT OF A JOB
HE IS DOING.
THAT DOESN’T GET PEOPLE TO GO
OUT TO SPEND MONEY, START
BUSINESSES, THE KIND OF THINGS,
BY THE WAY WE WERE DOING REALLY
WELL WITH ALL OF THIS STUFF.
IT WILL COME TO A SCREECHING
HALT.
I WORRY ABOUT IT.
>> YOU’RE ALWAYS AN OPTIMIST
THOUGH.
>> I AM.
I AM.
I WORRY ABOUT IT BECAUSE IT IS
AN OPTION.
>> YOU’RE THE OPTIMIST.
LARRY: THE CALVARY IS COMING.
>> MIDTERM ELECTIONS?
LARRY: THING ABOUT YOUR POLLS,
VERY IMPORTANT, WHICH MAKES ME
BREATHE EASIER IF BIDEN HAD 65%
I WOULD BE REALLY WORRIED BUT HE
DOESN’T, HE HAS 35%.
THAT GIVES ME A LOT OF HOPE THAT
THE COUNTRY IS REJECTING BIG
GOVERNMENT SOCIALISM, ALL THE
RELATED POLICIES.
A LOT OF COMMON SENSE.
>> I AGREE.
LARRY: CHARLES, PEOPLE DON’T
WANT BIG GOVERNMENT SOCIALISM.
PEOPLE KNOW A JOB IS A GOOD
THING.
A PRIVATE COMPANY CREATES A JOB.
THE BEST WELFARE PROGRAM IS A
GOOD PAYING JOB FROM A BUSINESS.
I DON’T WANT TO LOSE THAT
THOUGHT.
>> TO THAT POINT, LAST YEAR
RIGHT AFTER WE HAD THE ALMOST
2 TRILLION-DOLLARS OF COVID
RELIEF AND THE OTHER BILLS WERE
ON THE DRAWING BOARD, POLLS
COMING IN, POLLS LIKE
"THE WASHINGTON POST," NBC,
WHERE PEOPLE WERE SAYING ANOTHER
ROUND OF FREE MONEY WOULD HURT
ME.
THAT IS WHAT PEOPLE WERE SAYING
IN POLLS.
ANOTHER ROUND OF FREE MONEY
WOULD HURT MY FAMILY.
WHOEVER THOUGHT WE WOULD COME TO
THAT POINT.
LARRY: LAST POINT, SANDRA, WHAT
IS THE DIFFERENCE BETWEEN A
DOLLAR AND A RUBLE?
>> YOU GOT ME ON THAT POINT.