The Kudlow Report

Brian Kelly, Shelter Harbor Capital; Lee Munson, Portfolio Asset Management; and Russ Koesterich, BlackRock iShares Group, discuss JP Morgan's stunning revelation of $2 billion trading losses and its impact on Friday's trading action.

CNBC's Jane Wells reports on President Obama's star-studded fundraiser tonight at actor George Clooney's home.

Gov. Rick Scott, (R-FL), discusses what's really at stake when it comes to state's rights and the economic benefits Florida offers businesses.

CNBC's Mary Thompson and Jim Cramer report on JP Morgan's stunning admission of huge losses at the bank. Also, discussing what's causing the stall on Capitol Hill, with Kimberley Strassel, The Wall Street Journal; Bill Hennessy, St. Louis Tea Party founder; and Joy Reid, TheGrio.com.

Nile Gardiner, Heritage Foundation, discusses the fallout from the Greek election and whether austerity in Europe is dead.

Will the Tea Party take over Congress in November? Sen. Jim DeMint, (R-SC) and Senate candidate, Richard Mourdock, (R-IN), weigh in on President Obama's policies, the U.S. economy and the nation's growing debt.

CNBC's Brian Shactman reports Third Point's Dan Loeb is going to war with Yahoo; Facebook says it is struggling to monetize its mobile ad business; Cisco shares tumbled on weaker-than-expected guidance; and News Corp. beat earnings estimates and announces a $5 billion dollar stock buyback.

Is the administration's policy on capital gains and dividend taxes killing the U.S. economy? Jared Bernstein, Center on Budget and Policy Priorities and Rep. Jeb Hensarling, (R-TX), weigh in.

Robert Costa, National Review reports angry voters took out their fury over the economy at the polls, with Keith Boykin, former White House aide; Heather Higgins, Independent Women's Forum; and Tony Katz, Tea Party supporter.

CNBC's John Harwood reports on President Obama's support of same-sex marriage and debating whether this is a ploy to divert attention from his economic record, with Keith Boykin, former White House aide; Heather Higgins, Independent Women's Forum; and Tony Katz, Tea Party supporter.

Brett Arends,The Wall Street Journal; Katie Stockton, MKM Partners; and Andrew Busch, BMO Capital Markets, discuss the decline in stocks, oil and Treasury bonds and whether the U.S. economy is headed for deflation.

Andrew Busch, BMO Capital Markets, assesses the euro's direction.

CNBC's John Harwood reports major liberal donors are opening up their wallets to aid Democrats in the coming November elections, and debating whether Independents and swing states will throw their support to Mitt Romney, with James Pethokoukis, American Enterprise Institute; Dan Gross,Yahoo Finance;and Rep. Heather Wilson, (R-NM).

Edward Lazear, Stanford University economics professor, discusses the vanishing American workforce and what is causing the stall in the labor market.

CNBC's Michelle Caruso-Cabrera has the latest details on whether Greece will renege on its bailout agreement, and the impact of global uncertainty on the markets, with Keith McCullough, Hedgeye Risk Management; David Malpass, Encima Global; Jack Bouroudjian, Bull and Bear Partners.