Larry Kudlow reacts to Trump’s victories ahead of the inauguration

Donald Trump’s exciting honeymoon continues, and that’s what all the hype is about. Trump successfully convinced Senate Republicans to approve his big, beautiful strategy for the bill — get it Tax deductionsAnd the closing of borders and energy production and the downsizing of government by the DOGE brothers.

Thus, the worker boom could really begin this year, to benefit Mr. Trump. Trump’s promises For his labor coalition. He has his sights set on global tariffs that could raise as much as $500 billion annually. Republican House Speaker Mike Johnson is assembling a big, beautiful coalition to pass a reconciliation bill.

CEOs who have opposed Trump in the past are widely pouring $1 million or more into Trump’s inauguration. Meta’s Mark Zuckerberg ended censorship on Facebook and Instagram and Zuckerberg as well as Amazon’s Jeff Bezos both ended DEI.

These are the fastest-growing jobs in the United States, LinkedIn says

All the major banks on Wall Street have fled the net-zero ESG climate change. The pathetic Judge Merchan and the equally pathetic De Bragg gave Trump “unconditional release.” All other legal warfare cases against Trump have collapsed.

The Court of Appeal has just blocked any reporting from Jack Smith or Merrick Garland – at least for now. Vladimir Putin wants to meet Trump. Xi Jinping is sending an envoy to his inauguration, and Mr. Trump is preparing a torrent of new executive orders to overturn Joe Biden’s big-government regulatory socialism.

To name just a few of what may be announced on January 20, we expect: Remain in Mexico, ending catch and release, deportations, and ending illegal migrant flights.

Additionally, end the electric vehicle mandate, repeal the ban on offshore fossil fuel drilling, reopen ANWR and end the moratorium on LNG exports. In reality, Mr. Trump The Biden administration is winding down, its ill-advised policies and even today’s jobs report — which surprised Wall Street on the upside — is being touted by some as further evidence of the “Trump effect.”

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Given the huge jump in small business confidence immediately following the election, it is possible that much of December’s job gains are tied to the next president’s pro-growth agenda. On the other hand, financial markets are throwing a tantrum at Fed Chairman Jay Powell because he and his PhDs got the interest rate and economic story wrong – again.

The Fed lowered interest rates, but the market raised them. This is called a sign of distrust, but the man who has the most trust right now is Donald J. Trump. This is the riff.

This article is an excerpt from Larry Kudlow’s editorial commentary on the January 10, 2025 edition of “The Kudlow.”