Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the end of the day, the senate will approve this Conference Committee report no one should be defend go the status quo in this horrible tax code americans to have had live with for too long. Reporter we are still checking on several other undecided senators to find out where they might land on this final version of the tax bill. Theres also been some question about the health of two senators, john mccain and thad cochran who have been missing both this week whether they would be able to return in time for next weeks tax vote we talked to one senator on the Conference Committee who said he does believe they will be back and they will be casting votes as for today, republicans will be briefed on what is in the tax bill at for you 30 then at 5 30, it will be presented to Congress Formally and also presented to the public thank you theres still a lot of ifs he whether or not the bill can actually pass. How serious is the situation for example with mccain sxjohn mcca . Thats kind of a black box right now. And i think pursuant to the reporting, that the biggest threat to the republican passage of the bill is likely to be the Health Concerns for john mccain and thad cochran more so than wavering senators, marco rubio has now signed on board as she just indicated. Theyve linked arms and said were going to do this they got the votes for the first time i dont see them changing. What happens with those ailing senators and whether they can show up and vote. So remind everybody of the math if they cant show up, what do they need and how involved does Vice President pence need to become republicans need 50 votes in the senate to pass this bill that would allow mike pence, the Vice President , to break a tie if bob corker continues to oppose the bill as did he in the senate, they are down to 51. If you then had thad cochran and john mccain out, they couldnt pass it. But thad cochran or mccain will be able to return for those votes. If theyre not here, we are all left to guess as to whether the official explanations of their health stat russ the correct ones is there any reason to believe mr. Corker has switched his view at all . In other words, that he might support the Conference Committee report, number one, or that Susan Collins or senator johnson of wisconsin will defect and go the other way . Well, i wouldnt expect any difficulty with ron johnson. I do think there is some lingering question about Susan Collins. Especially because some of the measures that she received as assurances to get her vote in the senate about things that would be done on health care, for example, it is pretty evident that those things may not take place you have the question of jeff flake, whether he is going to on final analysis, having broken with the president pretty profoundly, stick with this bill nothing ive seen though suggested bob cork were change his mind hes said hes open to thinking about it all the changes weve heard are about revenue being or cost being added, not lessened. Well have to wait and see thanks. Stocks are once again moving higher to all time levels. Hi, bob. Hello, melissa. You might wonder how much more juice is there in the stock market for this tax bill but there is still more. Let me show you the s p. Congressman brady, you just saw him on air he came out and said listen, this morning, well pass this tax bill and the s p immediately moved to the plus side. The important thing is we saw an immediate spike up 7, 8 points on the s p 500 there it is. And that shows you there is still juice left in that trade now were in this perfect situation. I call it goldie locks confidence the tax bill is real and its coming we have the Global Expansion and the fed is on a predictable glide path three times next year is what everybody believes this is a perfect as it gets thats why the russell and the banks are up those are big beneficiaries. But even the semiconductors. And about bitcoin, the cme is doing theirs nasdaq in the first half of 2018 this is the cboe futures there has not been a lot of dramatic activity. 50, 60 every day thats not an awful lot. I think part of the problem is the people who trade bitcoin trade in cash. Theyre not in the Financial Markets. What will be interesting to see is whether people who are in the Financial Markets like hedgers and hedge funds eventually start getting interested in trading bitcoin. Well see. The tax plan certainly adding at least a little bit to this rally. And we are starting to see some bullish reports from firms like bank of america, merrill lynch, jpmorgan, both seeing the s p 500 at 3,000 by the end of next year lets bring in our chief global economists gentlemen, welcome you sound a little more cautious, richard, than i might have anticipated why . Well, obviously the stock market is enamored with the tax reform plan likely to come about. In addition to the deregulation weve seen through year and likely over the next couple years. Once the smoke clears, it remains to be seen whether this has legs by that, i mean other than a onetime adjustment to stock prices, is this going to last in the future will there be further growth, supportive of the higher Interest Rates and theres no evidence of that. Forgive me for interrupting i beg you. Dont you see the possibility in corporate profits from a lower tax rate that will apply starting next year, dont you think that will boost corporate profits . If you apply the same multiple, you get higher prices. No question the corporate sector is benefit and go that is reflected gdp forecasts Going Forward. But time, the major economists are standing pat including the disposable personal income, expenditures. If you want Economic Growth in the u. S. , twothirds roughly of the economies driven by the Consumer Sector. Not the corporate sector the real question is will this feed over to the Consumer Sector and theres no evidence quite yet. I hate to be so simple about this but the economy and the stock market are two different animals. From the stock market perspective, bob laid this out very well. Next year we have a continuing to improve fundamentals. The super charger on top of it and the prospect of infrastructure how do you invest in that environment . Are you cautious like richard or staying fully invested fully invested. Just stay invested i know were all looking at the yield sxuv wondering when it might invert and signal a recession. But the year before it inverts, stocks didnt produce double digit returns. Especially overseas. They may do very well next year and going global if you want to see tax cuts, to look japan theyve already passed them and implemented them 2018th. And you might see in it france as part of the budget this 2018, theyve announced. At a, theyve announced. At a cuts. How much do you worry about them are you convince that had the long end of the curve will stay low a long time because theres so much demand or is that a risk especially in an expensive market if we got a lot of inflation and certainly something thats not expected right now and the yields started back up were of the belief that the yields wont move that much. They may get above 2. 6 but not seeing Something Like 3 or higher. That means it does fly in the u. S. The key thing is to see it on the back of better Economic Growth on the back of better growth, more Capacity Utilization and even hire Profit Margins in areas like europe, asia and the emerging markets that could be key to the stocks. And leslie is counting each and every rig counts in my hand. The Weekly Oil Rig counts are in the number of active rigs fell by 4 compared to a week ago to a total of 747 that was the first drop in Oil Rig Counts in six weeks. Crude slightly hire than it was before the rig counts were released right now were looking at wti you have to 57. 35. Back to you. The final negotiations, are there enough votes for tax reform still underway in washington coming up next, the republican congressman will answer the question Everyone Wants to know. D lt going to pass . Anwel get a closer look if it does. Oh, not so fast, carl. Oh no. Schwab, again . Index investing for that low . Thats three times less than fidelity. And four times less than vanguard. Whats next, no minimums . No minimums. Schwab has lowered the cost of investing again. Introducing the lowest cost index funds in the industry with no minimums. I bet theyre calling about the schwab news. Schwab. A modern approach to wealth management. Bill including expanding the tax cut and increasing medical expenses whats in and whats out congressman, thanks so much for joining us we appreciate it you know what fascinates me about your back ground, you are the founder and chairman of banking corporation. You really know how this tax bill could impact businesses i think it is important to have clear is that trans parent rate reductions for smal business thats look like what weve done for big multinational companies. I think theyve done a good job working a National Independent federation of independent businesses to bring the rates down and make it clear so this is a 40 rate reduction for entrepreneurs and big multinationals weve seen certainly a huge rally in banks, whether they be big banks or smaller regional banks. And part of it is the notion a lighter touch is certainly helping but the tax reform could help i think you have three bases. Making sure we can get it out to business were now in a rise go rate environment thats good for bank stocks that probably affects prices as well as you say, we want faster Economic Growth after a decade of low growth, stagnant productivity and stagnant wages, and tarm is the key for unlocking the faster growth rate can you educate me a little bit without descending into all the details, how the pass through thing will work. It doesnt seem as simple as just cutting the rates what is it a deduction of certain income . How will it work well, it does lower rates if youre an llc, you pay your profits based on your personal tax rate so bringing it down is good but it is not enough so weve created this business income tax that is set at 20 . I think it is very competitive one of your guests earlier talked about the chaels for Certain Service related businesses and i share that view Service Related businesses do have capital expenditures. They need to retain earnings and they should get the lower rate i think the combination of faster expensing on equipment. This lower rate for many of our businesses across the board. They will be better off taxwise. You mentioned rising Interest Rates. Most banks would like the see the yield cush steepen so they could make more money what they lend out versus what they pay for deposits are you convinced theyll go up . When we look at what the Federal Reserve is thinking about, what this tax bill could do to gdp. It doesnt seal like much. More for Interest Rates. I think the unwinding of this unprecedented Balance Sheet will have an upward pressure on rates. Plus the growth in the economy weve seen this year and the growth we expect there more Economic Activity based on the tax bill i think you could see a sustained rising Interest Rate environment. Not necessarily sharply but over time do i expect to see it. Do you think the republicans can put this in the win column but this gives they will more impetus . More momentum in terms of getting infrastructure done . Righted this is something, a lot of people in congress have worked for six years for comprehensive tax reform the first time in 30 years i think we will put it in the win column and i think it will be a sign of momentum that right sizing, regulatory, not just in financial serves doing major tax rezporl things through economy on increasing skill work forceful getting people back into the work force. All of those will help produce the check growth that weve all worked so hard for in the last few months we appreciate your time thank you. Youve heard people say, its not the bitcoin thats valuable. Its the Underlying Technology most etfs only track a benchmark. Flexshares etfs are built around the Way Investors think. With objectives like building capital for the future, managing Portfolio Risk and liquidity and generating income. Thats real etf innovation. Flexshares. Built by investors, for investors. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. Your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In Clinical Trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Thank you so much. Thank you so were a go . Yes we got a yes what does that mean for purchasing . Purchase. Lets do this. Got it. Book the flights hai si si ya ya ya what does that mean for us . We can get stuff. Whats it mean for shipping . Ship the goods. Youre a go you got the green light. That means go oh, yeah. Start saying yes to your companys best ideas. Were gonna hit our launch date scream thank you goodbye let us help with money and knowhow, so you can get business done. American express open. So you can get business done. Directv has been rated number one in Customer Satisfaction over cable for 17 years running. But some people still like cable. Just like some people like wet grocery bags. Getting a bad haircut. Overcrowded trains. Turnstiles that dont turn. And spilling coffee on themselves. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable, switch to directv. And for a limited time get a 100 reward card. Call 1800directv im not really a, i thought wall street guy. Ns. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade betting on bitcoin theyre not betting on it. Theyre talking about it Silicon Valley no different. The reasons why the big vc are doing it might not be the sail as for other folks hi, deirdre. Thats right. Venture capital firms have been in this space for years. Unlike wall street that is captivated, theyve been underlying on the Underlying Technology, blockchain this year alone theyve put a record billion dollars into crypto currency. And the startups. The big rest the most prominent vc firms including eight krimto startups. Union square, and Draper Associates remember in 2014, he was winner in an auction of about 19 billion worth of bitcoin so which companies are tracking the big bucks . According to pitch buc theres coin base. The Largest Exchange it was minted, the first crypted in the d crowned Circle Internet financial. Started by Goldman Sachs and you might have heard of ripple the creator of the same name Digital Currency thats been on a tear recently vcs can gain more direct exposure through socalled crypto hedge funds which has been on an incredible roll this year and icos, not only delivers huge returns this year but it is changing the nature of venture investing. It seems to be changing the nature of money. Lets look with a deep dive into blockchain the goal to explain, what is it . The impact socially and financial will this will have. They call at this time future of money. Here now is senator editor jen schwartz welcome when we started with what the future of money is, bitcoin comes to mind bust very quickly we realized it is so much bigger than that and it goes beyond money itself where does it go . So any data can be transmitted Via Technology when we focus bitcoin, we forget theres a lot out there. Pretend my grandmother just started watching forget her grandmother. Explain it to me when you do that, is there a blockchain, like the guy who invented the internet . Thats a complicated question we dont who know invented he the coin blockchain is a digital distributed ledger keeping track of things. So it is using cryptography to do a ledger. So accountants have ledger. It is a ledger like that except usually an accountant has his or her own ledger. This is a ledger open to e why would we want that yes it is person to person and you can cut out the middleman so you dont need banks or governments to be transacting your currencies why should i trust them because you are trusting the math and the computers and technology instead of humans who come with their own set of flaws. So one of the most revolutionary parts of this is the blockchain stocks, for instance, you dont need in between. Could you acquire the stock and it could be directly transferred. For real estate, property can be translated without title insurance. No title searches. All of that. So when you find the latest, greatest applications in the industry at the forefront of documenting, what have you found . Well, i think we have yet to see how the finance industry will adopt it. And there is an interesting thing going on what is the soul of crypto currencies going to be bitcoin was going to take power away from the big central systems. But if the central strems using it, what does ideology of this whole experience become . So theres the Global Financial market but also medical records, for example, of how do we have this data so that we have ownership over our medical data but it is used in a much more efficient way and we dont have the complexion activity system now is it as simple as blockchain good, bitcoin bad . Absolutely not. It is really based on a lot on how you think about it what is the philosophical motivation of this technology . Bitcoin launched it. So theres that libertarian leaning to it but you can put any sort of political or ideological bent on it can we try different metaphors. Blockchain is the internet bitcoin is a coil like amazon or pets. Com depending on what you think of it not quite bitcoin is a network unto itself blockchain can be used to create any net boring then there are applications built upon those networks. When we have exchanges or wallets. The value of bitcoin west debate it all the time west understand there will be thousands of krimto currencies russia, even australia has considered it. Some of the central banks. Does that not dilute the value of bitcoin i dont know if it will dilute the value but i think we will see much more interest in what next generation of crypto currencies will be and theyll start to address things like the Energy Problem what is the technological drive . It was created and it is static. Are there already ways people are looking to improve it so theres evolution . Yes and theres a question of how we define Blockchain Technology some people are calling it distributive ledgers soft were tweaking the technology to make it fit new applications. Have you got that yeah. Distributive ledger. Can i take my bitcoin to one of those coin star machines . Maybe next week youre looking at me like youre out of your mind. Thanks. Steve with some breaking news new fed governor Randy Quarles taking an unusual step recuse go himself from matters involving wells fargo. One of the bigett banks in the nation quarles had sold wells fargo stock earlier this year and repaid a business line of credit that was outstanding this connection in part comes from the family that he married into thefamily in if utah, receivin a stake in, wells fargo stock from a bank sale in 2000 he said the decision is to avoid any appearance of conflict of interest and be sure not to push the board of governors at risk he said he will continue the general bank super vision. There was talk earlier this year, Elizabeth Warren calling for the Federal Reserve to fire board of wells fargo in light of the scandal thats have come out. And even janet yellen saying there was a possibility the fed would take some action Randy Quarles taking usual step of recusing thoifl any matters involving wells fargo specifically thank you and we are learning more details about what is in the final tax reform bill. Up next, one of the members of the Conference Committee that merged the two bills will tell us what made the cut and what got cut. What we do every night is like something out of a strange dream. Except that the next morning. It all makes sense. Fedex powers Global Commerce with vast, farreaching networks. Deep knowledge of industries. And, yes. Maybe a little magic. Now what . Well, after your first reaction, consider your choices. Go it alone, against the irs and its massive resources. Hire a law firm, where youre not a priority. Call your cpa, who can be required to testify against you. Or, call the tax law firm of moskowitz, llp. I went from being a cpa to a tax attorney because our clients needed more. Call us, and let us put our 30 years of tax experience to work for you. Cbeau. Secretary of state Rex Tillerson said north koreas behavior must stop and stop in the foreseeable future before the u. S. Would engage in talks with pyongyang the u. S. Highest court has rejected a request to enter sfleen apples challenge against an e. U. Order to pay ireland 15. 3 billion in back taxes. The core says the United States failed to prove a direct interest in the outcome of the case michael covers announced it will no longer use animal fur in think products that includes those bearing the flagship brand as well as the jimmy choo collections they said the collection will be phased out by the end of december 2018. California has issued its first licenses for its Legal Marijuana market it is for retailers, distributors and testing labs. Recreational pot sales start january 1st. Back to you. One filled with munchies. Thank you. A quick check on the markets we had a triple high the s p 500 on track for the fourth straight week of gains. Details on the finalized tax reform bill coming out about four hours from now. We expect it roughly at 5 30ful are the changes in the drafts enough to get it passed . Cnbc on capitol hill with one of the conferees. Reporter thats right. Im here with one of the top tax writers in the house and hes also on that tax bill Conference Committee. Thank you for being with us. So you have signed the final version of the bill. It will go to the floor of the house. Will it pass it will pass. As weve talked in the past, both the house and the senate have pass admit rubirubikon. It was to pass big tax bills that came out of both chambers weve come together. Reconciled them. Weve tried to take the best out of both bills, to take the critiques and improve them a lot of confidence that theyll deal with and it it will be on the president s desk shortly. What is the order for who will vote when i dont know which chamber will vote first. That is yet to be determined or by somebody other than me. What youll see is if the house moves first, well come in monday and tuesday and debate that and then the senate will go and the senate is a longer, slower process that is just a little more lab orious i think theres a lot of optimism and a lot of forward leaning nature to this where people are ready to have Something Big happen pumped the president will sign this bill what have your conversations with the white house been like has the white house sustain final version . Im sure the white house has seen the final version theres a great expectation at the white house. The attitude is get this on the president s desk as soon as possible and theyve been involved with his team so the white house has been very, very involved throughout this whole debate. And how much work was done in the final 24 hours to get some of your most reluctant colleagues and the Republican Party on board so obviously, if youre not on one of these committees, you have opinions about it, and you want to make sure those opinions are being voiced and validated, now is the time for that to happen so were trying to put in feedback some of our senate colleagues, god bless them, and some of the more private feedback was on the house side notwithstanding whether it was public or private, you had comfortees really trying to listen to their members. Weve heard a lot of the concessions youve made to individual lawmakers what are some of the pay for thats will be in this bill. So some of the things weve looked at are repatriation rates. The timing on the corporate rate and some of these other things it is tul say that there is any number of issues that come up will both on the individual side and on the corporate side. And obviously, as it relates to pass throughs. What weve been trying to say is two things on the individual side offer broad tax relief every income category on average gets tax relief which is incredibly significant for me. The thing you and i have talked about, how do you create growth in this economy . We think wave good blend and a good combination and were convinced, as members hear the details, they know at the parameters of it their confidence will grow and theyll say hey, im a yes thank you for your time ill send it back to you at power lunch. Rick is tracking all the action hi. We settled the tenyear, 235 yesterday. It hors at 236 so it is unchanged on the day and it is for the most part, just down a couple base points on the week. The big mover to Pay Attention to really is 30year bonds so lets look at the chart the last time they were closing here and you will see it is september. I comboed it for you lets put the chart of fiveyear on top you can see the difference and that is the flattening yield curve. If you really specifically want to Pay Attention to this, maybe the best thing to do is go back all the way to 2007. Thats the last time, 30s minus five spread was this close to 50 basis points im not sure it means there is a recession. We have some pretty good numbers adding up for the Fourth Quarter and maybe beyond but it still makes investors a bit nervous. As for the indecks, right temperature 94 level again it just cant seem to climb above that level back to you. Thank you very much would you like to buy a very expensive car . At least a very small piece of one . A new way to invest in pscs orhe and ferraris the power pitch is next. Nobodys putting their money into equities. Theyre not investing in commodities or fixed income. What people are really putting their money into is what they hope to get out of life. But helping them get there requires a real refusal to settle for average. Because when you approach investing with a tireless desire to beat the status quo, Something Wonderful can happen. Those people might just get what they wanted out of life. Or maybe even more. Another day at the office. Why do you put up with it . Believe it or not you actually like what you do. Even love it. And today, you can do things you never could before. Youre working in millions of places at once with iot sensors. Analyzing social data on the cloud to create new designs. And using blockchain to help prevent fraud. So get back to it and do the best work of your life. Looking to see if their business has what it takes to be the next big thing hi, im chris bruno rally road is an investment app. We take high value assets like the porsche behind me and turn them into stocks each one is essentially a mini public coil. So they can create interest in blue chip cars, share by share, car by car the investments start at around 50. We dont have any minimums west dont charge commissions and we dont have any Management Fees our goal is to get everybody involved and thats the real purpose. To democratize and in assets like this where weve seen flurns excess of s p 500, gold, and other alternative investments like art so invite everybody to get involved by downloading the app in the app store and join us welcome. You just saw rally roads pitch. Lets neat panel joining us on set. Angel investor, startup adviser, kelly, and from san francisco, venture capitalist david woo. Youre in the hot seat and did you a good job explaining about the cars i was left wanting to hear more about how the business works and about you guys are your customers coming on board because its cool to own part of a ferrari . Or are they doing it more for financial reasons or to diversify the portfolio . My hope is both this is a class that has performed. It is an asset class that has delivered returns over the past ten years and theyre in this community, in this market, understand that. Even if you look at draft kings. Thats the next iteration of what there was before Fantasy Sports by giving it for car people in the enthusiast communities, we really do take it to a new level. I loved hearing about the business overview. Exciting stuff you didnt talk about your back ground at all so ill have to give you a b plus. Is the main way youre making money is the eventual sale of the car . We make a little money on the initial transaction by putting it together and marketing it the same way, like an Investment Bank takes a company public. Thats one piece of it in addition, we had revenues where we sell Premium Products to investors on the platform as well i liked what you gave in your pitch. It is a complex mod and he will new, theres a lot of information. How are you giving your user and investors an exit . Two ways that people can get an exit. The cars are always for sale when somebody needs it, the investors get their money back plus whatever additional profit we made. Were also building a secondary market where people can get the shares so once per month per car is how were starting and ultimately well do it more frequently. Who is that perfect target customer were finding a lot of young people, the new millennial generation tharl very smart theyre preparing for the future theyre investing earlier. Theyre comfortable investing online and for all those reasons, they seem the fit our model very well. Youre currently available in 32 states. When can we expect that number to expand . Very soon our broker dealer is registered in those states. Were applying for the rest of them so as the community builds, well get there quickly. How risky are classic cars as an investment class . Theres flicks any investment and thats what we want people to understand. In general theyve gone up and to the right in general, it has been very, very good for the class. Hopefully theres more room to grow now we want to know if the panel is in or out this feels like a very complex business but im worried a lot of customers at first may be more aspirational or nitsch i think theyre cultivate ago really Great Community and there is so much potential with various Revenue Streams so im going in i think theres a lot of volatility in these spaces i like what ive seen so im in. You have two ins and an out were excited to be here. Thank you thats todays power pitch okay. So youve heard what the panel had to say now its time to find out if you are in or out on rally road. Use the power pitch for more, head to powerlunch last year at this time, many of us had never heard of bitcoin. But it has become one of the biggest stories of the year. What are the big ideas for 2018 . Some big names sharing their thoughts plus, 3d printers have come way down in price. Theyre affordable now just because you might be able to afford one, does that mean you should u wt to stick around for this product review coming up on power line i put everything into my business. And i had all these points from my chase ink card. So i bought ingredients, utensils, even made custom doughnut cutters. Wow all with points. Thats how i created the ripple. The doughnut, in a doughnut, in a doughnut. Suddenly, its everywhere. I mean, it really took off. What will you create with your points . Chase for business. Make more of whats yours. Hey yeah . I switched to geico and got more more savings on Car Insurance . They helped with homeowners, too ok plus motorcycle, boat and rv insurance geicos got you covered like a blanket houston . You seeing this . Geico. Expect great savings and a whole lot more. Geico. Let out your inner child at the lexus december to remember sales event. Lease the 2017 is turbo for 299 a month for 36 months. Experience amazing at your lexus dealer. Half a billion around the world use linked in for everything of job searches and Business Insights and a host of top influences making predictions for the year ahead mackenzie global chair says the must have perks are in the training and the glenn kelman the u. S. Becomes landlord nation. Here is linked in editor and chief and new cnbc contributor, dan roth i think we just told the stories there. Who did you solicited and where did the idea of trends come from this is what we do every year we reach out to Business Leaders and academics and ask them what are your predictions for whats going to happen in 2018 and we ask all members to come in with their own predictions also and what they expect to see in their own industries i love this one that we concluded with everybody puts their device away for a day or where a company says no devices in the meeting you come to a meeting. There is companies that do that. I read some stories about it where it is forbidden to somebody to bring in you will have restaurants and board rooms and meetings where there are no phone allowed next year is the year that we start doing it theyre going to demand that we take a digital break as opposed to no phones nothing in this room. That sounds awful i went to a yoga class once and i emailed my boss, hey, i am going to be out of office and will they let me bring in my blackberry and they said no how on earth are you supposed to relax if i cannot look at my blackberry i dont think i can pull this off but there are people who are trying the notion is that you need a break from your device whether it is the time of your gym or not checking your phone or the time in the makeup chair thats a step in the right direction probably well, this for head isehead n time for me, too lets talk about the economic recovery being at a tipping poi point. He says we are one policy move away from the we are sitting on a nice edge a policy mistake either a federal bank mistake or a geo political shock. This is been going on too long and the economy is right on edge i am sure melissa is interested in the u. S. Becoming a landlord nation into real estate. This one is fascinating alerian says the biggest money you are at the point where only certain people canby houses and ercveryone else is renting. It is going to increase and there is no sign of it changing. If you look at what happened, it may move people out of tax hike states there are corporations looking into invest in the housing for workers. The needle seems to be moving in that direction and beyond the wealthier people what does that say when your Company Providing you housing, that means something is out of whack. There is cities thats been gaining professionals at a rapid pace over last year. Seattle and austin and denver and las vegas have been sucking up great talents when the Housing Stock is che cheaper in places, it is going move people out to places where they can afford something and there are good jobs there. Job training as a corporate per perks. You need to be working for your next skills and jobs every minute mackenzie says on campuseon e campuses, something unusual is happening, students are asking Corporate Recruiters whether companies will help them get new skills as jobs shift well have to change professionals. Millennials have nerves, do they they got to go. You got to invest thank you, dan. New contributor and editor and chief of linked in. We appreciate your time today. Deregulation of all the attention of cutting taxes is cutting the red tape is more important. Box office for the new star wars movie have been great. Does disney have anything else at hands the second hour of power lunch begins in twominutes. I am melissa lee here, here is whats on your menu speaking of the tax bill, republicans are rushing to pass the tax bill it is set to be released the next three hours this is the incredible story that you will only see here in cnbc playing video games may not be bad for your kids after all. It is how being used treat your kids depression and add. Power lunch starts right now welcome to power lunch, i am Michelle Carusocabrera stocks are higher. Dow and s p 500 are on track of their fourth gain. A gain of more than 1 today check out some of the movers. Costco is higher than 4 retailers and kohls and gap and theyre all up that move in best buy pushing it to a new all time high, tyler. Lets get more on this rally with bob pisani live on the floor. Roberto. It is a perfect situation for stocks we wonder how juices are still left in the tax reform place take a look here, the key thing here is when congressman brady came out and said the bill is going to pass, we moved up six and evserch seventh poibnts on p the answer is it is not over yet at least in stock reform a predictable glide feds if you look at the second moving and russell 2000 and banks, they are moving tech and retail which had been market me movers have being on. S p counts for Companies Buying back stocks and adding stocks in the form of options. Companies have been buying back stocks and a lot of financial companies, jp morgan and bank of america and Goldman Sachs. What does that mean . It means you will see stocks to sell for these companies on the close. What about the other way around . There is companies thats going to be increasing Share Companies because they are getting oxygen out and things like that micron and facebook and oracle. Well see a lot of volume on the close. That may go into the market mix as well. Guys, back to you. Thank you very much, bob. The gop is said to unveil their tax bill in just a few hours, what does it mean for your money ylan mui is following this bill for us every step of the way, shes always there reporter our reporting today, there are seven individual rates of the top rate of 37 thatll take effect for individuals earning 500,000 or more and for couples earning 600,000 or more the estate tax stays in the tax code but the exemption for when it kicks in is double. On the corporate rate is 21 and will take effect right away of 2018 now senators and house members made changes to the bill to win over marco rubio of florida, they expanded the size of Child Tax Credit and two sources are telling me that was enough to get him on board i also pete spoke to the congren at illinois, he says hes confident that this bill will get through both the house and the senate and making it to the president s desk i think there is a lot of optimism where people are ready to have Something Big to happen. We are getting updates for the voting next week looks like the house will vote first on tuesday thatll be followed by the senate there is been congressperscernsf senator john mccain and cochran. Thank you, ylan lets bring in ron isana one of the things you sited was the corporate alternative minimum tax which is now out yeah. Do you still feel this tax bill could create a contraction of not growth and if so, why i think Corporate America is going to get a great benefit of this as it is reflected by stock prices i think wealthy people will find either theyare getting tax cut or a full employment act for tax attorneys. There is going to be a wide variety of loopholes created by this new bill. The middle class that kevin brady says would be helped by this, you dont see that in the map. People at best are going to see a 400 to 600 tax cut i dont think it is the biggest. I dont think it is a meaningful cuts for individuals so individual cuts also sunset yeah, they do as oppose to the corporate some people will see increases. Thats eight or nine years down the road i dont think it is positive and people are making it out to be of four individuals. Hugh hewitt is joining us now. I assume umayou that you may ta the other side that ron made tax is not sufficiently large and in some cases may not be at all to create a boom in consumer booming thatll fuel Economic Growth the big provision as ron pointed out. Getting the Corporate Tax rate down to 21 and repatriation we were not competitive. From going to 35 to 21 Everybody Wins as for take hem pay, there is a cut in every bracket everyone is going to make money more in their paycheck beginning in february and there are some provisions there thats going to streamline professionals that use and other pass throughs are going to walk away with money. There are other people in high taxed states like california and new york have a best mix over this bill. Talk about that with pete roth of who you had on earlier and i i will talk about it with pat toomey next week nobody passes a bill that they think theyll hurt themselves. Ron, you were shaking your head a little bit . It is a species notion that the american corporate are not competitive. We have up until today or next wednesday or tuesday, we had amazon and facebook and a whole host of companies. Maybe you would have more i doubt it. Capit capito capitals is cheap and it is available. They would reinvest if they would like to and it is about enuse end users demand theyre having no problems of making profits what about the fanct that we saw so many foreign take overs and certain parts of the economy because if they have a more competitive tax break or in versiversions would this prevent inversions there is some provisions in this tax code that may have the proverse effect and he explains it on the tax break that is put in the bill that would not create the incentive staying at home i did a hill hlittle history i think it is a jolt and a shock to the arms in that kind of spending number two, as i look back to some of the major tax cuts of the past when marginal rates came down on the highest brackets what curiously happened is that the higher income people paid a larger percentage of americas taxes. Every time it reversed sort of thats exactly right thats the historic trend and it is going to continue under the new bill as for any incentives to buy Additional Capital is good there is one downside to the bill which is companies expa expanding on the bases may get a nasty surprise in this bill. Apple, i own apple so one of the stocks that i follow closely, its got 50 billion trapped abroad you got to be able to repatriate that money and it will bring those dollars back to the United States if thats their most profitable use i dont think anyone could say that it makes sense for america to have a 35 tax rate when every other western economy have below 5 or most at 20 . We were burning ourselves of a tax system that making us competitive and everyone though our company got started here boy, we can always do better, thats why we did not have 3 growth once in the past eight years. We need to get to 4 growth and this tax bill will allow us to do that. You want to disagree when he says any reasons why we should get keep our tax rate at 35 thats the mortgaarginal rate there are so Many Companies that do pay that 5 . Yes, some do. If your effective tax rate is 23 . Bewell, corporations gained. I dont think it is going to create jobs. It will create some jobs there it is not going to result in higher wages as politicians claim. People do not pay higher wages because they have more profits that does not happen in the Business Cycle they have more profit. Even when supply is so low right now . We have that right now. So they have to compete for more and we have a shortage of workers and not a shortage of jobs the tax bill is not addressing other issues or a lot of unfilled jobs out there. Final quick thought if i might, i want to get from hugh and ron, is this new tax code any way simpler than the one thats it is replacing, hugh i would say no. And there are the idea that theyll kill the alternative minimum tax is not true. It still exists and it is a complexity level and it makes it easier for the people at the state and the higher amount thats coverage. Every caccountant i am talkin to is looking at this job. Whether you are making a lot of money, there is going to be some tax suspici that jingles. So much for the postcard. Ron and hugh, thank you very much, always good to have you with us. Coming up, no matter twists and turns the tax bill takes, the market is going up and give up your parents may have told you video games rot your brains, now medical Research Says video games can be used to treat adhd or depression. If you are thinking of getting the 3 d printing this holiday, holdup until you see our nt ex report, all that and more coming up here on power lunch. The new star wars is bringing in near than a Million Dollars already. Julia boorstin is at a galaxy far, far away. Reporter this theater had shows started at 9 30 a. M. There are thousands of seats in the theater and every single one of them are full disney definitely had another making on its hands. The north American Box Office brought in 45 million thats behind only the force awakens. Thats headed to 1. 1 billion which rogue one brought in a year ago disneys buying a bigger piece with the fox deal announced yesterday. Fox owns the rights to the original star wars and the pre prequel. There is also the characters from the first six films which fuels star wars products they can also be mines of the two lands last released. Imagine marathons that you can have with a day like today there is certainly a lot of star wars fans today who would come out and see the rerelease version of those films whats the his strategitory x came to own the original three, i thought lucas films own them lucas films was a production house that made the films and they were released theoretically through fox. It was only when disney bought lucas films recently fox retains those rights it is complicated because there is three different sets of trilogy. Glad i asked and you knew thank you. Is tax reform getting too much credit for this record rally, whats driving the trump trade and meg tirell will take you inside video games power lunch returns shortly. I mean you cant have low cost and be full service. Its impossible. Its like having your cake and eating it too. Ask your broker if they offer awardwinning full service and low costs. How am i going to explain this . If you dont like their answer, ask again at schwab. Schwab, a modern approach to wealth management. Thats yesterday President Trump cutting off the red tape how much of a debt has he really made take a look at this chart, the blue line is the number of pages in the federal registry from 1936 to last year. The red line, this is the number page, it shows a drop. The number of pages will be added to the federal registry under President Trump if this current rate continues deregulation james blanianco, it is good to v you here thanks for having me. Can you tell us more of the federal registry is. Yes, it is in vevented in th 1936 and any time there is a regulator, you have the do something. You have to write it down and document it. It starts at page zero every year and as regulators do stuff. They add pages to do it so it becomes a thermometer of regular activities under president obama, what was the average annualized page and President Trump . With president obama, it was about 85,000 pages but it did spike at the end to 96,000 pages for 2016 under trump it is going to fall about 30 to about 61,000 pages. The interesting thing about that if you ask anybody thats steeped in house regulations and washington if you asked them a year ago, they would say thats not possible and it does not work that way and we can see a dramatic drop in regulations nothing in the last 70 years come remotely close of a roll back of regulations. So the blue line there is showing and the thing resets at zero every year. So if year end, all we can do is look back and say okay, the blue line shows me the total number of pages there and the projection is that the red line is the total number of pages under trump in 2017 will be 60 something thousand pages or about a third less thats correct. Does that capture rolling back regulations it sounds like this is the number of pages added from the storm of the year through the end of every year because it starts at zero until regulatior do something how about regulators undo things when they are undoing things, they dont write it down in the register remember during the hurricanes, President Trump was asked about the hundreds of Unfilled Positions in regulatory agencies and he said well, theyre just not that important and we are not going to fill them if you dont have people actively to rec lagulate, you wl get more changes you can see this bump backup again. Never the less, we have never seen anything close to this type of a pull back in regulations, at least in 70 years the rally in the Market Driven by tax cuts or regulations . But, i think regulations is the most under appreciated part. If you look at the businesses, their numbers spiked as far as Business Optimism goes after trump was elected. Their biggest problems that they cited as red tape and regulations plummeted to a ten year low they are feeling the less regulation they are more optimistic because the boot of regulations baptist being partially listed on that got it super interesting, jim, thank you very much. Jim bianca. Whats next for csx and blus, it is been a good year for healthcare stocks. Will that contue iinn 2018 the names you need to watch. At tmobile, when you holiday together, great things come in twos. Like tmobile and netflix. Right now when you get an unlimited family plan, netflix is included. Ho ho ho tmobile covers your netflix subscription. Best Christmas Gift ever . So you can binge watch all year long. Now youre thinking christmas and now when you buy any of this seasons hot new Samsung Galaxy phones, you get a second one free to gift. Thats one samsung for you. And one to give. Tmobile. Holiday twogether. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley i am contessa brewer, President Trump is calling for a Death Penalty for anyone convicted of killing a police officer. The president vows to put it on the books by signing an executive order. Police are charging an uber driver with the rape of a 16 years old girl uber calling the incident horrifying and beyond words. The city in buffalo have been hit with two feet of snow. The bills will have a home team weather advantage in this case the society for Human Resource management reports 20 of americans have been in or currently involved in a workplace romance. Those numbers come in a minute increase in scrutiny such relationships in the wake of a number of high profile and Sexual Harassment accusations ch it is a thin line of where do you draw the line of legislativing and romance. There is a lot of redefining going on right now contessa, thank you. Lets get a check on the markets. A few record territories. The dow and the nasdaq and the s p. Take a look there as his handshakes the dow industrial is up two third of a percent and financials, Consumer Staples and healthcare, naveiet and Cardinal Health and investigation is leading the way. Take a check there at the is cl close. It is up half a percent here and we got brent Morgan Brennan is joining us more with that story it is unspecified we have no details of whats going on this is pressuring shares. Csx just came on taking over as acting ceo while Hunter Harrison is on medical leave. Now, on a call this morning the proserious conditi per serious conditi precision is taking the framework. According to foote, there is no reason to concern the pace and magnitudes of our process. Speculations have swirled his health the lack of details and the uncertainty right now, this is whats pressuring shares of csx. Hes considered one of the most legendary rail owners. They are still are up, the share of csx of 47 . Precision schedules railroad framework. Intuitively, i think i know what it means. Does that mean everything arrives on time or what is that . Cutting assets where possible and cutting cost is possible and hyper focus on service and cost. This is something hes been. He turned around three other railroads and it is a framework that he put in place and he had many disciples and including on foote. There is pain before gains and you will recall over the summer that we had issues with csx. And with him on medical leave that things are turning around there. Thank you morgan all right if you are a parent, you may have worried of the effect how video games have on your children meg tirrel is looking at games as your medicine reporter the team works with coding and music and algorithms, they are programming video games as potential medicine. We want this to be on the shelves next to pharmaceutical reporter akili is developing games that can hope to treat conditions like adhd and depression it affects more than six million kids in the u. S. Akili improves kids attention and inhibit control. The results showed that we can have a Significant Impact on attention function original hypothesis is if you can challenge your brain at this high level that activates the prefrontal cortex and network with the rest of the brain, you can have improvements in other aspects of cognition reporter currently treatments option for adhd includes therapies a market that generates 4 billion a year. The idea that child sitting down and playing a game is remarkable and would change the landscape. But, i would want us to kind of look at from a skeptical lens. Akili is planning to file fda approval it adjusts based on who it is different for every person what other applications could possibly come in the future . Theyre testing potential therapy in video games in depression they got some funding or partnership with around detection in alzheimers disease. These video games can be used in different ways theyre all in a Clinical Trial stuff right now. School. Meg, thank you it is no secret that tech is enjoying a monster run what about healthcare. What are the names that you need to know to make some money in the healthcare sector in 2018 . Lets bring in jeffery lou, great to have you with us. Thanks for having me. I am going to dive straight into one of our top picks. Investigators will remember just in recent months of treatments setback in october of tesla we are seeing slowing sales and longterm passes what are you seeing on the horizon and 2018 instead of those setbacks, when you look at the longterm growth rate filled of the top line and the bottom, it is still very attractive and we see celgene growing in the 50 and not only next year but probably for the next three years and when you look at the bottom line, we see earnings growing close to 20 annually for the next three years. It would be hard for us to find with that type of sales growth if you take a look across sub sector of healthcare devices and some other aside biotech and pharmaceuticals, a lot of sectors having a steler run today. What do you see for tmo . It is an industry that not many investors are familiar with they are a key to help drug manufactures discover and develop drugs. Tmo has had a terrific run so far this year which we think could fall into next year. Part of the reason is we see increase in pharmaceutical and importantly we see increase in government Global Research spend increase as well in particular, the nih was increased 2 billion in 2017 and the senate and Appropriation Committee approved and increase in 2018. Right science and tools of a 40 today. A nice performance of that sub sector and other biotech that you had and expectations of 2017 was there is going to be a lot of con consolidation. We have not had many i think you mentioned the gilead, it will increase activities in 2018 i think well see a company taken over in 2018 i think with evaluations being a little depressed in both sectors and some Companies May find it contract activity a attractive so you are talking about a big farm are we going to see pharma or biotech. You look at pharma of 50 of its compound a lot of compounds are pharmaceuticals. Today, biotech and pharma sector is more of the same. Jeffery lou, i am going to leave it there thank you coming up, cnbc will host our First Healthcare conference, healthy returns, it is wednesday on march 28th, 2018 in new york city. For more information, you can get tickets, go to cnbc. Com healthreturns a 3d printers that you can use at home with a price tag of 400 st we took a few of that for a te drive you want to see this report before you buy power lunch is back in twominutes. No matter how the markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. You myour joints. Thing for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. I used to have more hair. I used to have more color. And. I used to have cancer. I beat it. I did. Not alone. I used to have no idea what the American Cancer Society did. Research . Yeah. But also free rides to chemo and free lodging near hospitals. I used to maybe give a little. Then i got so much back. I used to have cancer. Please give at cancer. Org. Notheyre not investing iney commoditiesies. Or fixed income. What people are really putting their money into is what they hope to get out of life. But helping them get there requires a real refusal to settle for average. Because when you approach investing with a tireless desire to beat the status quo, Something Wonderful can happen. Those people might just get what they wanted out of life. Or maybe even more. For years of only being available of manufactures, 3d printers is hitting the market now. We bought five from amazon. We each print making the same thing, the famous wall street bull am i installing a Garbage Disposal what is this we could not get the printer to work. We ultimately did complete of variant quality. If you whine down your holiday shopping, here are my 3d of 3d printings. You need determinations to set it up of three hours perhaps a degree or some experience with welding would help lastly, be prepare for disappointment our verdict for low prize 3d printers this season is slightly better than alum lump of coal. We spent several hours before we can even print. You will need some trial an error and a lot of patients and plain old, luck. I brought some lets see how did they do . I dont know if you can see these two yellow ones, their legs broke up. Theyre on the ground. The blue one and the orange one, theyre okay i dont know if you can see the zoom here. You see the leg is all broken, it does not really it does not come out properly how long did each of these take to come out each of these is about two or three hours. Thats for a tiny little thing this little golf ball is kind of hallow and it is a size o f a golf ball and it is not that good it took just an hour to print that so it takes hours to set up and it takes hours to design it and it takes hours to print it but these are the lower price machin machines you can spend 10,000. Or maybe you can get one of these bulls in three hours you have to buy the ink, too, right . It is plastic and it goes to the machine and heats it up and melts one layer at a time. It is like the razor thing how much does it cost to make that three legged bull we spent 1,300 for the five printers one of the machines oh, for the five printers one of the machines came to us and did not work. We realized that someone had returned back to china and they sold it baa k ck to us so we ha use a mask to take it off because it was melted onto the base one of the documents said and on paper it said please click here for documentation. Okay. So you want to spend at least a thousand bucks i did click it. I guess nothing happened. Eric, thank you who says retail is a wreck . The group on a past of one month is up 11 . Best buy and costco is among them lets drill down and find out whats ahead for them in 2018. Joining us is our michael. It is great to have you with us. Thanks for having me. Consumer discretionary is known to have high tax rates are there names in your sectors thatll benefit the most from reduction to 21 there should be a benefit across universe. We calculate of a 20 tax. The sectors moved about 10 like you pointed out. Thats mostly driven by multiple expansion so simplistic way to think about it is half the benefits of taxes are in these stocks those that keep the staavings i areas like Home Improvement or autopart of retail sectors where it is sould sold out of price competition. Only half of it is from fundamentals so we should not believe. When we take a look at the retail sectors, we not believe that the fundamentals is dramatically improving is what you are saying half benefits from tax is priced into the stocks and given they move about 10 percent there are signs that the Holiday Seasons have been encouraging. But, it is not over yet. There could be some false negatives indications. We had anearly and easy comparisons in november as you remember and the world seems to stop in the wake of the election and more demands is concentrated from the monday before thanksgiving and monday after, so that probably pulled forward some sales there is been some signs that things have slowed down in the last couple of weeks the Holiday Season will depend heavily on whats happening over the next two weeks it is not too late to do your shopping i am curious as to why you have walmart as a whole. So many people got thenthusiastc of that stock of walmart their purchases of jet. Com making them a real competitor against amazon do you not buy that or do you just think it is all priced in so walmart has done a great job and they are growing their Online Business rapidly and it followed a strategy. The stock trade, over the long run is a 5 eps grower in a really good case i think we have to keep the perspective that a lot of good news is priced in the name at this point michael, well leave it there. Michael lasser. Fedex is on track for the wi since 2013 should you buy or ist meo ck it in were going to debate straight ahead on power lunch. Lets begin. Yes or no . Do you want the same tools and seamless experience across web and tablet . Do you want 4. 95 commissions for stocks, 0. 50 options contracts . 1. 50 futures contracts . What about a dedicated service team of trading specialists . Did you say yes . Good, then its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Shares of fedex rallying 12 for the past month the stock now outpacing for its longest monthly wi lly winning since 2013 is fedex a buy ahead of the holidays lets trade it with the trading nation team boris, and gina. Good to you with us. What do you think of fedex fedex has tailwinds behind it en explains the good performanc they had the tailwinds will continue into 2018 probably the biggest is the continued expansion of global trade. If you look at fedexs underlying like 2. 9 Global Growth in fact, weve seen expectations for 2018 Global Growth as high as 3. 2 . And if you look at the expectations for trade, those numbers have also been revised up all of those things are net positive for fedex then you have some other cyclical, you know, you have some other cyclical changes that are happening. For example, the move toward etailing, retailing and etailing are both very strong right now. Those are also very beneficial for fedex. Weve seen some of these shippers, really thinking about u. B. S. , borris, who had missteps around the holidays seasons because they simply cant handle the demand should we be concerned about fed ye question fedex here fedex is executing with el. Theres a hidden catalyst for fedex i really like especially with regard to u. P. S u. P. S. Trades at a higher value. Fedex only pays po s out 15 pat could be a situation where with the tax reform and perhaps their better growth, they could decide to increase their dividend, i think is going to be a nice little benefit Going Forward there that in addition to the general Global Growth, it could be a good hope for the next six months moving forward. You both like fedex thanks, boris, as well as gina for more trading nation, head to tradingnation. Cnbc. Com. I left the dot check please is next. Now the latest from tradingnation. Cnbc. Com and a word from our sponsor. Traders shouldnt let their politics affect their trading. Instead, look to the current price trend and build an exit strategy based on where and when the present conditions may change this will help keep your biases at bay as the maetrks often react differently than we might expect what we do every night is like something out of a strange dream. Except that the next morning. It all makes sense. Fedex powers Global Commerce with vast, farreaching networks. Deep knowledge of industries. And, yes. Maybe a little magic. A wealth of information. A wealth of perspective. A wealth of opportunities. Thats the clarity you get from fidelity wealth management. Straightforward advice, tailored recommendations, taxefficient investing strategies, and a dedicated advisor to help you grow and protect your wealth. Fidelity wealth management. Time now for check please. Looking for a last minute holiday present for someone special in your life, how about a personal Bitcoin Miner yep, amazon is running a christmas special, 235 for a 1,200 watt portable miner. If you want to upgrade, theres a 1,321 model for selling for a little more than 5,200. Both made in China Shipping costs extra by the way, ill be live in Washington State on monday at one of the Bitcoin Mining facilities what does this allow you to do mine bitcoin. Somehow im skeptical that theyre effective. They work as well as a 3d printer. Exactly if a printer cant print a bowl, i dont know about this Bitcoin Miner from amazon. Tonight on fast money at 5 00, we got the vice chairman of lionsgate, michael burns, going to talk about the consolidation in the media land scape and Media Companies are coming out against the time warner at t deal well see if lionsgate is in that category. And of course, today, about 5 30, well get the final version of the Senate Conferees of the tax bill. Presumably, the votes are there to pass it sometime early next week maybe santa will sign it on christmas eve. Maybe even sooner. Who knows. What you can say definitely is that americas about to set off on a big, big, big experiment. This tax bill is going to affect every single household in the country. And every single business. Its probably going to happen and it will be interesting to see what some of the unintended consequences of it will be and there will be some senator marco rubios spokesperson coming out officially telling us what ylan had been hes in. Hes going to vote for the what he wanted on childcare. Starting to line up. Thanks for watching power lunch. Have a great weekend. You, too. Closing bell starts right now. Hi, everybody. Welcome to the closing bell as we close out the week on this friday im kelly evans at the new york stock exchange. Nice to neat you. Im bill griffeth. It has been a while. So long ending the week with a rally in the equity markets in fact, the russell 2000 is the best performer as tax reform looks likely to be passed it says here. Were going to do is unveil it, i guess, at 5 30 then well see how it goes. Were expecting full details of that bill in a few hours and coming up, well look at which stocks could benefit most from this plan and spacex, meanwhile, making history today