Kudlow Podcast 12-16-16 Russian hacking impact on election? Doubtful it mattered. Obama retaliation? Of course they meddle. Pentagon wants China to return intercepted drone. Broke international law. China arming South China Sea.

Dec 17, 2016, 06:13 PM

Russian hacking impact on election? Doubtful it mattered. Obama retaliation? Of course they meddle.

Pentagon wants China to return intercepted drone. Broke international law. China arming South China Sea. Trade & security confrontation.

Two budget reconciliation bills? ACA repeal first? Tax reform second? Econ & political damage? Postpone activity? Slow 2017? Mid-term election losses for GOP?

Reince Priebus outlines first 9-month agenda: ACA repeal, tax reform, SCOTUS, trade. First year crucial.

Yellen criticizes Trump's fiscal plan. Confused between supply & demand. More militant Fed? Like Dec 2015. Fed presidents more hawkish. But Fed econ forecast not changed. Dollar too strong? Fed right to follow market rates higher?

Stocks still below 20,000. Mediocre econ numbers.