CNBC’s Cramer: Larry Kudlow Is the ‘Leading Contender’ to Replace Gary Cohn

RUSH TRANSCRIPT CRAMER Yes ░░░░░░░░ have it pretty good ░░░░░░░░ that Larry Kudlow is ░░░░░░░░ the leading contender for ░░░░░░░░ job to replace Gary ░░░░░░░░ the leading contender Now ░░░░░░░░ and I were partners ░░░░░░░░ a very long time ░░░░░░░░ CNBC for Kudlow Cramer ░░░░░░░░ think that if he ░░░░░░░░ offered it he would ░░░░░░░░ it This is a ░░░░░░░░ big deal that obviously ░░░░░░░░ s been decided but ░░░░░░░░ s spoken to the ░░░░░░░░ and wants the job ░░░░░░░░ lot of it is ░░░░░░░░ he softened his stance ░░░░░░░░ China you know that ░░░░░░░░ is against tariffs I ░░░░░░░░ the President believes the ░░░░░░░░ would really like this ░░░░░░░░ it shows the flexibility ░░░░░░░░ he s looking for ░░░░░░░░ Wow Jim That does ░░░░░░░░ the ball forward We ░░░░░░░░ seeing some action in ░░░░░░░░ responding already Do we ░░░░░░░░ he is THE leading ░░░░░░░░ or A leading contender ░░░░░░░░ THE QUINTANILLA That is ░░░░░░░░ And on top of ░░░░░░░░ your own view of ░░░░░░░░ Larry brings to the ░░░░░░░░ We talked about the ░░░░░░░░ that he and Navarro ░░░░░░░░ on free trade How ░░░░░░░░ of that he can ░░░░░░░░ into the White House ░░░░░░░░ appears to be slowly ░░░░░░░░ into a different direction ░░░░░░░░ Right Well Secretary Mnuchin ░░░░░░░░ this Mr Kushner likes ░░░░░░░░ There s a belief ░░░░░░░░ it could be a ░░░░░░░░ way to negotiate You ░░░░░░░░ got the big stick ░░░░░░░░ the President then Larry ░░░░░░░░ come in and do ░░░░░░░░ details Remember he s ░░░░░░░░ little more pro Europe ░░░░░░░░ pro I d say ░░░░░░░░ and Japan over the ░░░░░░░░ issue has not fought ░░░░░░░░ steel issue does not ░░░░░░░░ tariffs I ve known ░░░░░░░░ for years Larry is ░░░░░░░░ ultimate free trader However ░░░░░░░░ you ve been listening ░░░░░░░░ him both on the ░░░░░░░░ and on CNBC he ░░░░░░░░ much much harder of ░░░░░░░░ on China and I ░░░░░░░░ that stands well with ░░░░░░░░ President because China s ░░░░░░░░ to be a not ░░░░░░░░ actor when it comes ░░░░░░░░ defense and not great ░░░░░░░░ when it comes to ░░░░░░░░ things with America that ░░░░░░░░ weaken us But again ░░░░░░░░ would just call him ░░░░░░░░ contender Nothing has been ░░░░░░░░ did speak to the ░░░░░░░░ quite recently as recently ░░░░░░░░ yesterday I would say ░░░░░░░░ he would absolutely take ░░░░░░░░ job if he s ░░░░░░░░ it again Speaking as ░░░░░░░░ friend only I think ░░░░░░░░ would take the job ░░░░░░░░ as a friend from ░░░░░░░░ back he is much ░░░░░░░░ than the market thinks ░░░░░░░░ President is which I ░░░░░░░░ would be viewed as ░░░░░░░░ very very positive for ░░░░░░░░ it would be viewed ░░░░░░░░ very positive for trade ░░░░░░░░ know I personally have ░░░░░░░░ out and said I ░░░░░░░░ that we ve been ░░░░░░░░ pushover Larry has changed ░░░░░░░░ view a little more ░░░░░░░░ be able to say ░░░░░░░░ he thinks China is ░░░░░░░░ pushover that we ve ░░░░░░░░ pushed over by China ░░░░░░░░ this is a change ░░░░░░░░ not offered the job ░░░░░░░░ a THE leading contender ░░░░░░░░ there are others And ░░░░░░░░ think it would be ░░░░░░░░ faction there is a ░░░░░░░░ that I think would ░░░░░░░░ Wow this is way ░░░░░░░░ soft but I think ░░░░░░░░ has the inside track ░░░░░░░░ Jim many of us ░░░░░░░░ the kudlow creed free ░░░░░░░░ capitalism is the best ░░░░░░░░ to prosperity and we ░░░░░░░░ remember the president just ░░░░░░░░ week saying Gary Cohn ░░░░░░░░ a little too much ░░░░░░░░ a globalist You talked ░░░░░░░░ Larry s free market ░░░░░░░░ how do you think ░░░░░░░░ would compare to Gary ░░░░░░░░ in the globalist tag ░░░░░░░░ Great question I think ░░░░░░░░ it s absolutely true ░░░░░░░░ Gary Cohn was a ░░░░░░░░ and that is not ░░░░░░░░ position that the president ░░░░░░░░ argue with the president ░░░░░░░░ be able to argue ░░░░░░░░ Larry kudlow Larry kudlow ░░░░░░░░ much more flexibility Larry ░░░░░░░░ is a seasoned hand ░░░░░░░░ it comes to the ░░░░░░░░ Larry kudlow understands the ░░░░░░░░ of foreign policy He ░░░░░░░░ afraid to some degree ░░░░░░░░ is me speakingas his ░░░░░░░░ and kudlow Cramer fo ░░░░░░░░ years and watching him ░░░░░░░░ ll be not on ░░░░░░░░ let s say he ░░░░░░░░ it s a different ░░░░░░░░ it s not a ░░░░░░░░ disagreement it s a ░░░░░░░░ over tactics a disagreement ░░░░░░░░ how to get the ░░░░░░░░ done Most infavor of ░░░░░░░░ And I think that ░░░░░░░░ kudlow does have that ░░░░░░░░ I know that there ░░░░░░░░ others who are tougher ░░░░░░░░ this Larry knows I ░░░░░░░░ tougher on this but ░░░░░░░░ is important can you ░░░░░░░░ heads with the president ░░░░░░░░ up to the president ░░░░░░░░ ultimately it will be ░░░░░░░░ negotiations and Larry can ░░░░░░░░ the negotiations to get ░░░░░░░░ done if he does ░░░░░░░░ the job Again I ░░░░░░░░ that he is you ░░░░░░░░ call him a leading ░░░░░░░░ I say he s ░░░░░░░░ leading contender he is ░░░░░░░░ for the stock market ░░░░░░░░ of the stability he ░░░░░░░░ in terms of being ░░░░░░░░ line with the president ░░░░░░░░ Jim caterpillar and utx ░░░░░░░░ off the lows How ░░░░░░░░ does this matter for ░░░░░░░░ sectors and CRAMER It ░░░░░░░░ sense QUINTANILLA Aluminum companies ░░░░░░░░ That is the reaction ░░░░░░░░ that would be the ░░░░░░░░ I think it s ░░░░░░░░ given the fact that ░░░░░░░░ is a free trader ░░░░░░░░ will be in there ░░░░░░░░ exempt for when it ░░░░░░░░ to China Because I ░░░░░░░░ that Larry s stance ░░░░░░░░ China is much closer ░░░░░░░░ the president s than ░░░░░░░░ was even let s ░░░░░░░░ six months ago Because ░░░░░░░░ has seen enough and ░░░░░░░░ knows that the president ░░░░░░░░ big points to be ░░░░░░░░ But not against European ░░░░░░░░ Certainly not against those ░░░░░░░░ which he will defend ░░░░░░░░ I know lovers those ░░░░░░░░ Larry obviously when I ░░░░░░░░ with him no doubt ░░░░░░░░ it patriot through and ░░░░░░░░ who believes that the ░░░░░░░░ S Should Beal mighty ░░░░░░░░ also knows that our ░░░░░░░░ in Europe are allies ░░░░░░░░ it would not lead ░░░░░░░░ any sort of trade ░░░░░░░░ Those that think there ░░░░░░░░ about to be a ░░░░░░░░ war in Europe if ░░░░░░░░ gets the job I ░░░░░░░░ that s gravely mistaken ░░░░░░░░ is a believer that ░░░░░░░░ allies are our allies ░░░░░░░░ not to be targeted ░░░░░░░░ China may be as ░░░░░░░░ an actor as the ░░░░░░░░ says so I think ░░░░░░░░ is a signal that ░░░░░░░░ good for the stock ░░░░░░░░ because I know Larry ░░░░░░░░ a long time what ░░░░░░░░ Larry want higher stock ░░░░░░░░ like I do That ░░░░░░░░ our common ground when ░░░░░░░░ did Kudlow Cramer all ░░░░░░░░ years QUINTANILLA Do you ░░░░░░░░ him well Jim I ░░░░░░░░ you for that I ░░░░░░░░ t know if you ░░░░░░░░ to sfik stick around ░░░░░░░░ get back to work ░░░░░░░░ Again no decision has ░░░░░░░░ made but president I ░░░░░░░░ is listening to Larry ░░░░░░░░ on our air and ░░░░░░░░ what he hears and ░░░░░░░░ think it s important ░░░░░░░░ he would get Gary ░░░░░░░░ s job my opinion ░░░░░░░░ things played out the ░░░░░░░░ it is.”