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LARRY KUDLOW: Trump offers historic optimistic vision at UN
Now all the headlines from President Trump’s United Nations speech are focused on his prior statements warning Iran that the Tehran regime has to either make a deal or face annihilation.
I believe annihilation refers to the regime. And he warned them not to focus on the midterm elections because he’s going to be president for another two and a half years. So, in effect, Mr. Trump discounted the midterm elections, and took them off the table. A bad day for Iran.
As Mr. Trump said: “They’re waiting to see how I do in the midterm election. What they don’t realize is that I’m not running. I did that already and won in a landslide. We won in a giant landslide, and I’ll be here for two and a half years.” He added that “I gave absolutely no credence and will not give credence to the election. When it comes to Iran. It doesn’t even enter my mind. The only thing that does is that Iran will never have a nuclear weapon. The cowards and traitors —” here applause interrupted the president.
Please note carefully that big applause when he said Iran will never have a nuclear weapon. The UN is not usually, the member’s not usually applauding Mr. Trump, but they did actually on several occasions as we will discuss. Again, another bad day for Iran.
The point is, even the UN hates Iran. So we’ll see about all of that and how it works out after the election. Before he got to the Iran warning, he talked about America having the hottest economy in the world. Creating a million new jobs, record-low poverty, and high real incomes in the 2025 Census, of course cutting taxes, getting rid of regulations, record stock market, by the way the Nasdaq tech rallied again to a new record high.
Then there was the issue of AI — which is now super intelligence now — is here to stay. And there will be no radical climate change type hoax or doomsday scenarios with our super intelligence. Nor will there be any global regulation of our super intelligence. By the way, no global regulation of anything. Including the International Criminal Court, UN agencies who won’t protect our children from transgenderism, or the persecution of Christians. Or promoting mass migration.
He emphatically said no to any global carbon tax, and in fact generalized “there will be no global taxes.” End quote. Full stop. Good for him. How about that? In front of the UN, Mr. Trump makes a no new tax pledge. Phenomenal. And the Nasdaq index hits another record high.
Yet on all these points, Mr. Trump struck a positive, constructive, optimistic tone. This was a different kind of speech. This was a speech that had praise and applause that was unusual for his UN meetings. Yes, even the UN hates Iran and wants to stop them from having a nuclear weapon. For sure.
New York Post columnist Miranda Devine analyzes President Donald Trump’s U.N. General Assembly address, his meeting with New York City Mayor Zohran Mamdani and Israeli Prime Minister Benjamin Netanyahu’s response to Mamdani on ‘Kudlow.’
Yet several times, Mr. Trump praised the UN, and its Security Council. For, say, helping on Iran, and for endorsing his 20 point Gaza peace plan, and approving the Board of Peace. And permitting the first lady, Melania Trump, to preside over a meeting of the Security Council, which has never been done before by a president’s wife.
Yet there’s more. Mr. Trump praised the leaders of Pakistan, Rwanda, Armenia, and Azerbaijan, for helping him in making peace deals.
To be sure, he mentioned the successful regime change and world oil implications of Venezuela. And he issued a very tough warning to Cuba — where Secretary of State Marco Rubio is working hard for some kind of regime change.
And of course, the new security arrangement in Greenland, which will protect the Western hemisphere and Europe from Chinese and Russian threats. But Mr. Trump had good things to say about NATO, which has come around toward his view on the need for 5 percent of GDP spending on defense.
We really haven’t heard him praise NATO much before. He talked about stopping the drug cartels throughout Latin and South America.
Yet importantly, he had very positive things to say about Mexican cooperation. Again, optimistic, positive, constructive. And then finally, well, no one seems to want to report on this toward the back end of the speech. I believe the president spoke movingly to all of the UN members about “the enemies of humanity.”
He declared: “That is the challenge for every nation in this room. If we go forward strong and united against the enemies of all humanity, if we reject the voices who would have us give in to fear and doubt, if we refuse to shrink from our duties to our people, then together, through bold action, we will make this world far safer and a far better place.”
And he concluded again by reaching out to all those UN nations who really are not our best friends, but he exhorted them to “leave our nations far stronger.”
He said: “We will grow our economies far bigger, and we will not just speak of peace, prosperity, and justice. Here at the United Nations. We will stand for them all over the world. Together, we will build a future for our people that is brighter, more hopeful, and more magnificent than ever before. Thank you. God bless the nations of the world and God bless America”
This is why I’m calling this a historic speech.
This is an optimistic vision of freedom, peace, and prosperity, where this 47th President of the United States is asking all the nations to join him in this great crusade. Mr. Trump’s optimism was Reaganesque. I’d say this was pretty great stuff.
Business
Enterprise Products Partners Stock: Still Undervalued, With Reliable Growth (NYSE:EPD)
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Why is IDP Education stock sliding today?

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Business
Walmart Bettergoods pasta recalled over possible listeria contamination
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Walmart shoppers are being urged to check their freezers after a supplier recalled certain packages of Bettergoods pasta sold nationwide over potential listeria contamination.
Gias Foods Inc. is recalling two lots of Bettergoods Authentic Italian Lemon Alfredo Fettuccine distributed at Walmart stores across the country, according to a company announcement posted by the Food and Drug Administration.
The recalled pasta is sold frozen in 22-ounce yellow plastic packages under Walmart’s Bettergoods brand. The affected products have UPC 194346442706 and are marked with lot numbers L6079C or L6080C.
Packages with lot number L6079C have an expiration date of Sept. 19, 2027, while those marked L6080C have an expiration date of Sept. 20, 2027. Both the lot number and expiration date are stamped on the back of the packaging.
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The recalled Bettergoods Authentic Italian Lemon Alfredo Fettuccine was distributed nationwide at Walmart stores. (FDA / Unknown)
No illnesses have been reported in connection with the recalled products, the company said.
The recall followed routine sampling conducted by the Washington State Department of Agriculture and Florida Department of Agriculture and Consumer Services.
The sampling indicated that the finished products may contain Listeria monocytogenes, according to the announcement.
Gias Foods has stopped distributing the affected product while the company and FDA continue investigating what caused the potential contamination.
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The recalled pasta is sold frozen in 22-ounce yellow plastic packages at Walmart. (Howard Schnapp /Newsday RM via Getty Images, File / Getty Images)
Representatives for Gias Foods and Walmart did not immediately respond to FOX Business’ requests for comment.
The FDA posts company recall announcements as a public service and notes that publishing an announcement does not constitute an endorsement of the product or company.
Listeria monocytogenes can cause serious and sometimes fatal infections in young children, older adults and people with weakened immune systems, according to the recall announcement.
Healthy people may experience short-term symptoms, including high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea. A listeria monocytogenes infection can also cause miscarriages and stillbirths among pregnant women.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 110.12 | +2.68 | +2.49% |
Because the recalled product is frozen and carries expiration dates extending into September 2027, consumers are being urged to check packages they may have stored in their freezers.
Consumers who purchased either affected lot should return the product to the place of purchase for a full refund, according to Gias Foods.
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Customers with questions can contact Gias Foods at sales@giasfoods.com or 917-675-4890.
The company said email inquiries will receive a response within 24 hours.
Business
Crowdstrike CAO Anurag Saha sells $1.63m in shares

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Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
Read more: Ahead of Market: 10 things that will decide stock market action on Wednesday
The currency traded in the range of 95.58 and 95.86, with the central bank selling dollars at weaker levels. The rupee saw a choppy session as state-run banks sold dollars while corporate demand for the greenback provided a counterforce, creating a push-and-pull dynamic in the market.
Read more: Sebi to address concerns over settlement price for derivatives on expiry days, says chief Tuhin Kanta Pandey
“Gains earlier during the day were supported by dollar sales by the RBI, and later corporate dollar demand again wiped these gains. The RBI then intervened around 95.85 levels and kept a lid on further weakness,” said Anil Bhansali, head of treasury, Finrex Treasury Advisors.
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Harbor International Equity ETF Q2 2026 Commentary (EPIN)
Torsten Asmus/iStock via Getty Images

Technology leadership broadened beyond semiconductors, as communications equipment, technology hardware, and other Artificial Intelligence ((‘AI’)) infrastructure beneficiaries also posted exceptional gains. – Earnest Partners LLC
Market in Review
International markets, as represented by the MSCI (
Business
‘I don’t have a buoyancy aid’: Living without the Bank of Mum and Dad
In a recent survey of more than 5,500 people, commissioned by Citizens Advice, 36% adults said they were behind on at least one bill, but for those in their 20s that figure climbs to 57%.
Ezgi Polat is one of them. When the 23-year-old, from Ramsey in Cambridgeshire, lost her job 12 months ago, her family weren’t in a position to help, so she quickly fell behind on rent and bills.
“My parents were struggling financially, just like I am, just like everyone else…. I got myself in arrears, a lot of debt because I just couldn’t afford it – £300 was not covering any of my bills at that point.”
Her local bus service was cancelled, making trips to the job centre increasingly difficult, so her benefits were then cut. She was receiving £360 a month in Universal Credit, but with rent at £460, plus utility bills, council tax and living costs, her total debt spiralled to about £4,000.
After turning to Citizens Advice for help, her rent arrears were wiped out by the council three months ago, and she’s agreed to paying £200 a month to both her electricity and water company in repayment plans.
She’s delighted to have now got work in a warehouse and feels like life is getting back on track, but it’s not been an easy road.
“A lot of older people feel like we’re not ambitious enough, or we’re not striving hard enough, but they’d be surprised at the amount of people out there so desperate for work and so desperate for support but with nowhere to turn to,” she says.
The latest government figures show that just under a million young people are currently not in employment, education or training.
A government spokesperson said “We are determined to restore hope and deliver opportunity for young people in every postcode. That’s why we are investing £2.5 billion to create opportunities for young people to earn or learn through more apprenticeships, job grants, and training. And for those moving out for the first time, our Renters’ Rights Act gives tenants more rights and protection from excessive increases.”
But Luke Young, head of policy at Citizens Advice, thinks young people are trapped between rising costs and a difficult jobs market.
“For young people right now the divide is growing bigger between those who do have financial support from families and other networks, and then those who don’t. Young people who don’t have that wider support network are being let down.”
Additional reporting: Adam Clarkson and Elliot Deady
Business
Gabelli Global Utility & Income Trust Q2 2026 Commentary
Gabelli Global Utility & Income Trust Q2 2026 Commentary
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Priority Technology to Go Private in $1.6 Billion Searchlight-Backed Deal
Priority Technology PRTH 33.79%increase; up pointing triangle Holdings agreed to be taken private by an investor group led by its chair and chief executive, Thomas Priore, in a deal with an enterprise value of around $1.6 billion.
Priore’s group would acquire all the stock it doesn’t already own for $8.05 a share in cash, which the payment-technology company said is a 65% premium to its share price on Nov. 7, 2025, just prior to the investor group’s preliminary acquisition proposal. The price also represents a 38% premium to the company’s Friday closing price.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nasdaq reaches record high close, AI stocks rally
The Nasdaq has notched a record high close, lifted by Micron Technology and other AI-related stocks, while the S&P 500 also hovered just below a record high.
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