Transcripts For FBC Cavuto Coast To Coast 20170901

But there you go. So good for you. Stuart big deal. Neil all right, in the meantime, we are following these developments, stuart pointed out thats a what were facing now here. Because of whats going on in texas and the unusual camaraderie youve seen across all political lines ignored in this as they should be its improving the odds not only for getting emergency relief here, but also for getting that tax break which will be spelled out in the days ahead. Now, as gary cohn of the National Economic council chief, had told stuart, the broad blue prints are now known, and what we long suspected has been now virtually confirmed, and now the battle begins. To texas republican congressman Roger Williams on how that ensues. I know youve got a lot to worry about in your own state, so i know youre fixated on that, as you should be. Because of the unique camaraderie and bipartisanship thats been shown, it is actually going to improve the odds for getting something done on tax cuts. Do you buy that . Well, i think so. I mean, look, if people are joining together like we havent seen in a long time. But i do think we need to focus from a texas or from a disaster standpoint, we need to focus on a clean, what i call a down payment when we get back to washington and begin to get money going through this so people can begin to rebuild and then talk about tax reform. Ive been talking about it a long time, and i just think that main street america im still a Business Owner is waiting for this drastically. We see what happens when you just talk about it. What would happen if we actually do something. I think its made people more flexible as far as how they think. And well just see what happens when we get back. Neil congressman, you were mentioning we need a clean i assume you were talking a clean rescue bill. Right. Neil the president s talked about something between 5. 5 6 billion. Your governor, governor abbott, has said damages could be well in excess of 130 billion or might be more. You dont want the socalled Christmas Tree decoration effect, right, where they pile on additional spending. That was something that was bemoaned in sandy k pileon besides relief for sandy victims. Thats exactly right. We dont have a clue how much this is going to cost get. Lets dont make it political, lets begin to get some cash flow going in the disaster area. And what i mean by that, look, lets dont tie the debt ceiling to this, for example. Lets not make it political. Lets do what we need to do neil what do you mean by that that . The president has already said or thrown out there as a possibility tying a debt ceiling increase to aid for texas victims. Now, the issue doesnt seem whether such a measure would pass, a texas relief bill, so why attach it to the debt ceiling at all . Well, exactly. I mean, i think whatever we come up with, a down payments going to pass. Theres a lot of debate on the debt ceiling. Im one of those that thinks were going to have to get serious about our debt, and we need to have some debate on it. And to tie that in, i think, makes it very political, and i think it would be the wrong thing to do. Neil so youre for a clearance debt ceiling increase a clear debt ceiling increase. You have to take the bills, increase it, dont attach provisos to it. Well, dont attach provisos. On the debt ceiling, i have not voted for the debt ceiling in the past. I think we need to cut expense, not borrow more on the debt. Thats a whole separate debate. Lets get a clean down payment of money to begin to rebuild tragedy weve had in texas and louisiana and not make it political. Neil i dont know, congressman, its interesting you know, congressman, its interesting, i now youre very fiscal and saying maybe there is a way to attach to the ceiling something that would avoid bumping into this sort of thing again and again. Others agree with you. But i cannot envision a Government Shutdown now even on principled causes depending on your point of view. I just dont see it, do you . Well, look, nobody wants to shut the government down. I mean, thats not an issue. But im just saying, neil, at some point in time weve got to address this debt. Its serious. A lot of people dont want, they dont want to address it. We need to be able to actually cut expenses rather than borrow. Look, thats what im getting at is lets have a clean bill, and lets get this funding going to the victims, and then see where we go from there on debate. Neil congressman, real quickly. Stuart varney talked to gary cohn at the white house about that tax package, and we found out a little bit more about whats in it. Not much relief for the upper income which was kind of telegraphed but kind of confirmed today. How do you feel about that . Well, look, ive been talking about tax reform since ive been in Congress Since 2012. I think id like to see it more broadbased. Id like to see ive been talking about the a 20 Corporate Tax across the board. But look, anything we do is going to relieve main street of a lot of pressure. I want to get back where we can take risk and reward again in this country. We havent been able to do that since 2008 having these high tax rates. I think whatever we come up with going to be good, but i do want it to be thought through thats broadbased. The more opportunity people have to, frankly, make money, the more opportunity they have to spend it, create a business and put people to work. Im excited about what the president s trying to do. I agree with him on just about most all of it. Well see what we come up with. Neil congressman, thank you for taking the time. My best to the state and your constituents. Thank you a lot, neil. Neil all right. People in the region, people who are sick of hurricanes need this like a hole in the head. Reports say another one coming. Irma strengthening to a category three. Does irma make landfall anywhere close to the u. S. Of a . Rick reichmuth has been following it very, very closely. What can you tell us . Reporter well, heres the thing, it is really far out to sea at this point, about 3,000 miles away from the u. S. So very long time to watch this one. Strong of a storm, this far west in the atlantic certainly does not bode well, this far east, i should say, for it gets towards the u. S. Generally, when we look back at historical storms, that doesnt happen. That said, weakened a little bit. It will likely strengthen again, its going to pull off towards the west. This is the official track here. Were about 1600 miles away from the Lesser Antilles here, so a very long time. This takes us to next wednesday where its somewhere in this area. I will tell you this far out model guidance is very difficult to get a sense on it, but we know its going to continue to pull off towards the west. Such a strong storm doesnt generally make this southward dip here, that is probably the thing that is most concerning to us. If it gets a little bit farther south, gets harder to get pulled up towards the north. But the latest run from the european model certainly has impacts here, wednesday around the Lesser Antilles, puerto rico, the bahamas. Take a look at what this last run does, pulls it off sharply towards the right, keeps it well away from the u. S. The gfs model does the same thing. We like to see that. Were talking about two weeks out here before were dealing with this kind of storm here when these storms brew so far out across the atlantic there. It takes a long time to get there. Put these two models together, they have been very divergent. We like to see them get into better agreement. These last few hundreds, feeling better about not having a u. S. Impact. Neil thank you very much, my friend. Theyre trying to assess the damage of this hurricane. Hillary vaughn is getting a unique Vantage Point from the air. She joins us now. Hillary . Reporter hey, neil. Well, what youre looking at right now is port arthur. It still remains kind of underwater. Right now were with the air marine operation, theyre part of the u. S. Customs border protection, and what they have done is several search and rescue efforts particularly in this area. This was not accessible any way by land. You had to go by boat or in one of these aircraft in order to get people out. Now, this was the area we were in about three days ago where the Mass Evacuations were happening. But i do want to tell you more about this unit. They have taken aircraft from all over the country, 35 different places, and brought them here to help out those affected by Hurricane Harvey. And now after they are wrapping up the search and rescue efforts, theyve moved on to the humanitarian stage. They went from picking people up now to dropping food off at shelters and also theyve been dropping off blood bags to blood banks because still while there are people inside of these shelters and inside hospitals, they arent accessible because a lot of the roads are still flooded and blocked. This aircraft has been critical in getting people resources that they need and sometimes saving peoples lives because getting blood to the blood bank has been a critical part of their operation. Also looking ahead, once this water recedes, theyre going to be backing up Law Enforcement from the air and making sure that looters and vandals are not getting inside and taking peoples belongings. So they i say if they spot a looter from the air, they can be down on the ground within a minute and have that person in cuffs and take that person into custody can. So their reaction time really is remarkable. What were flying in right now is a blackhawk aircraft, and were going to keep looking over these neighborhoods. Back to you, neil. Neil all right, hillary, thank you very, very much. I know hillarys audio was competing with the whir of the helicopter. One of the things you notice, and its come through to me again and again, is large homes, plantations, small homes, trailer parks, harvey really showed no discretion here. This hit across economic lines, party lines, it hit everybody. Its a lesson you learn sometimes this Natural Disasters, that no one is immune to this sort of thing which could explain the bipartisan show of support for everyone there. In the meantime, even if you were not in this hurricanes path as ive told you repeatedly, youre going to be paying for it at the pump, and indications right now that thats already beginning. Not only with higher gas prices, but in some parts, even texas, and especially texas. Long gas lines. Ring a bell . 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What happens down there is affecting people everywhere when it comes to gas, the fears of gas shortages that cant get up from the gulf region. 30 of it, of course, produced in that neck of the woods. Very able of it able to get to anyone elses neck of woods. There is no gas shortage in texas per se, despite some of those lines you see and have seen, for example, just in the dallas area. He joins us right now, ryan, what is the real skinny on this . Im not imagining the lines. I mean, the shortage is more having to do with disruptions, but what are you seeing . What are you hearing. Actually, neil, the shortage has less to do with disruptions than it has to do with just good oldfashioned panic. Unfortunately, with the storm coming in and peoples concerns are high. Theyre hearing refineries and pipelines are down, let me tell you this number. Weve got 230 Million Barrels of gasoline and inventory in the United States today. Thats almost ten billion gallons. We have enough gasoline. The challenge is getting it to the pumps. And unfortunately, whats happening is theres people that are so concerned, their emotions are high, and they are rushing to the pumps. Were having a run on the bumps, and that is causing a shortage at the gas station that the infrastructure, the systems just cannot support. If there had been no hurricane, if everybody in dallas goes to the gas stations at the same time and fills up five gallon buckets and gas tanks as well, you would run boo this exact same problem into this exact same problem. Neil i notice it was one report yesterday, i think it was fox i hope it was [laughter] they were talking to some woman whose tank was already threequarters full, but out of concern she might not get it, she was there on a line with everybody else. Whats the drill you tell fellow texans . Right now were telling people, look, were monitoring this closely. There are some logistical issues. Getting sufficient trucks to respond to this concern, getting pipelines up and running again, and that stuff is happening right now. Ive been telling people here, look, in the next two, three, maybe four days i think this thing is going to, for the most part, be over because people will see theres gasoline at the pump. Now, thats texas. In other parts of the country like the new england area, the Colonial Pipeline is not up and running, so there are some supply concerns once again, not that we dont have enough gasoline, but its getting it into the region in new england where they need our gas fast because they depend on texas very much for gasoline up there. Neil you know, its interesting, ryan, the markets really have so much to do with the price of gasoline, gasoline futures prices which have rocketed over the past week, and a lot of that based on the fears you alluded to, it becomes the reality that is soon seen at the pump. Does that worry you . Thats right. Well, you know, i think the at the end of the day this is a robust infrastructure, refining pipelines, i mean, theres going to be enough gasoline there. So unfortunately, weve got to wait for people to realize that. When they see gasoline at the pumps, you know, then the fears will calm down, there wont be this rush, and this thing will blow over. But for the next few days, because of this rush and the concerns become a selffulfilling prophesy, and we cant get the gasoline to the stations fast enough to respond to this run on the stations. So for people that have travel plans, theyve got to be thoughtful about this. Ill tell you this, if youve got enough gas to last a few days in your car, i would bet you 100 to your dollar that youre going to be just fine. Neil all right. Good words, calming words. Texas railroad commissioner, thank you very much. Thank you, neil. Neil all right. Before we pursue that same story, i do want to pass along a development, House Speaker paul ryan is talking about funding for the harvey storm relief, thats that 6 billion measure thats been kicked around and that it will come in installments. Presumably, that measure is the first part of it because that wouldnt come close to addressing the better than 130 billion in costs Texas Governor greg abbott says have file piled up as a result of this storm. But speaker ryan seems very optimistic that those installments will come, that this immediate relief effort will pass. He didnt say it would be attached to a debt ceiling measure. He didnt really have to. The president has hinted that it would and should be attached to a debt ceiling increase to make sure it gets through. Again, a number of guests have already told me anyone voting against this in this environment, well, it wouldnt be a wise thing to do, so it will probably get through without having to tie it to any other piece of legislation like an increase. Speaking of the white house, we are hearing talk that in another 30 minutes or so 10 minutes, i should say, were going to get a presser from the white house. Right now rebuilding efforts going on right now in texas. When we get that, we will pass it along to you. Now, back to gas prices up better than 17 cents from just a week ago. So solution funds group chief Investment Officer larry shover. You might have heard of my prior guest talking about the fear factor weighing in on the line factor, the people who are netting nervous and forming long gas lines in his view, needlessly. What do you say . I think the impact is somewhere between modest and measured at least right now. Hes right, at least last week i said there was 22 days of supply, and thats all well and good, but getting to that supply is another story. Combine that with labor day around the nation where theyre not impacted by texas and, yeah, we could see a shortterm spike. I look at the futures markets, you jest mentioned that. October, the front month, trading about 1. 72. You go to december, its 1. 52, so i think the markets understanding or interpreting that to be a shortterm issue. Neil thats a very good point. People have concluded by that time the spike will have died down or the fear factor, the supply fear of disruption will have died down, right . Yeah. And especially when you see the epa issuing another waiver of 38 states, its like allowing them to a waiver on low volatility convention algas requirement. In other words, moving to the winter blend which is a lot easier to produce. So we talk about the Colonial Pipeline, 2. 5 Million Barrels a day. Just imagine now theyll be able to mix, comingle that specification, get that up there once its up and running. Without that, it would be a whole different story, and i think gas prices would be higher as we speak. Neil is it your sense that this could even go beyond gas, though, that it could affect lets say things like heating oil, jet fuel, the kind of stuff that would cascade or follow normally . What about this time . Yeah. You know, its her affected jet fuel. Its already affected jet fuel. I think thats going to be a shortterm impact. Thats one of easiest fuels to refine so, yeah, short term. Heating oil, thats a different issue. It takes longer, and weve seen with the eia report that came out earlier that the results of that have been somewhat neutral right now. So, yeah, it could impact that but probably not. Id be more concerned with jet fuel. Neil all right. Thank you very much, my friend. Larry shover follows this closely, hes been very prescient on these developments. To the fallout from gary cohn speaking to our Stuart Varney and signaling that they have sort of the broad outlines of tax relief. It is not gown to be dramatic tax reform going to be dramatic tax reform, nothing like in 1986 but it will be a step in the right direction. Now, for the very well to do, not so much. More. Stuart donald trump talks of a middleclass tax cut, that is what he talked about in missouri. Does that mean the top 1 wont get a cut in their taxes. That is what the president is talking about. What we have been working on in the white house is a middleclass tax cut. He talked about simplifying the tax system and getting rid of loopholes. The middleclass doesnt take advantage of a loophole, the wealthy take advantage of loopholes was when he talked about getting rid of loopholes he talks about areas the wealthy have used the tax code to their advantage to lower their taxes while the middleclass does not have the advantage to take care of those loopholes so that is what the president was talking about. Stuart does that mean there will be no cut in the top rate of income tax or individuals . There may be a cut. That hasnt been decided but there may be a cut in the actual rate but it is the effective rate, what percentage of income do you actually pay . Neil that was a big deal with Stuart Varney, gary gary cohn confirming the line for taxes, 35. 6 , 35 , president bush and barack obama carried it, you know the drill onset but the pingpong is over. That ray wont come down by much but will be off said by limiting the richest deductions. A furious Charlie Gasparino to react to this. Charles does that look like a hostage video, he was blinking morse code, i really dont believe this . Neil you could read into this, the Charlotte Post presser, his last act. Charles here is the thing gary cohn he will not be fed chair because he will attack trump. He should have gone was Steve Mnuchin did, try to spin a positive tail, he did the opposite. Now gary cohn is a longterm democrat so who knows what pressure was on him to say what he said about trumps assessment. Is serving this to get the taxcut . Charles particularly the Corporate Tax rate, to something specific like 25 but keep the loopholes because effectively it is a lot lower or bring it to 20, 15 but take out the loopholes. Neil is out the gate with 15 . Charles he should. Think of what gary cohn had done, he will go back to Corporate America as the man, every ceo in wall street, all his buddies, lloyd blank find, larry fink, steve schwartzman, they will hail him as a hero if he does a significant Corporate Tax cut. Neil private industry possibilities. Charles the guy who did it. Maybe trump will forget he attacked him on the charlottesville thing even though it wasnt it was an indirect attack. I dont think so knowing donald, he carries grudges and it is in his mind. Chairmanship of the fed is something he thirsted for. Back to the tax thing, do you think whatever happens to the wealthy that it is so sweeping, the big middleclass, certainly maybe isnt 86 but close to what george bush did. Charles middleclass people as someone who grew up less the middleclass they dont pay the majority of the taxes, Something Like that. If you do a middleclass taxcut the budgetary impact wont be that great. I big thing for them they believe is the full monty is the Corporate Tax cut. If they can get that at a decent sized Corporate Tax rate you will get better stockmarkets. I was talking with a lot of traders and sophisticated investors what type of Corporate Tax rate do you want . They are telling me if they take it to 25 from 35 but keep in the loopholes the impact on s p earnings is negligible. It wont matter. They have to do something bold and gary cohn knows this. If you are going to take out the loophole for interest deduction, take that out, get rid of that loophole you will take for this to have an impact on s p earnings, stock Market Impact and Economic Impact the effective rate down to 20. If they do something bold take it down to 20. Neil cant be around the edges. Charles take it down to 30, forget it. Markets neil what about the individuals at the state and local taxes . States like new york, Chuck Schumer and Dianne Feinstein in a box to say nothing of Elizabeth Warren in massachusetts if that taxcut, you risk hurting your constituents either way. Charles there are republicans in new york. Ask them. In a contentious neil they need the proof their constituents will come ahead with them. Charles if you make 150,000 a year and live in long island you are paying a lot of taxes, you are not rich by any stretch of the imagination and writing off your estate tax is a big thing for you so just think of it, they will screw over the Republican Party will screw ever everybody that makes 100 grand in new york. Neil the idea is to have people think twice about high taxes. Charles i am with you but practice it. It will be very hard. That is why talking middleclass taxes. My guess if you do a middleclass taxcut your budgetary impact at least at first is not going to be that bad because they dont pay all the taxes, rich people pay taxes, close loopholes for the rich people, take it down marginally, do a middleclass taxcut, budgetary impact is not that great but where you get the stimulus is on the corporate side. Neil you are right about that. When rich crutch the numbers and discover i am paying more than i used to. Were not incentivized to do certain things they were incentivized to do and that is what tax reform is about, giving individual freedom to figure out what they are willing to pay, not look for these loopholes and gimmicks to get away from paying certain taxes. But i will tell you this. It is going to be marginal on individuals, not a rich guy which is good. Rich people are rich. I think where the stimulus comes into play, they have to go bold and gary cohn is hearing from sophisticated investors if you eliminate all loopholes and bring this to 25 that is not a Corporate Tax cut. Neil we do know the president will be meeting with top officials in the rescue effort going on right now in texas. We know theres a possibility we could get something from that, we are also on the ground with jeff flock as well. Its a highly contagious disease that can be really serious. Especially for my precious new grandchild. Its whooping cough. Every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. You know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Neil when it comes to emergency aid, 57 million has gone out, more coming and funding will be coming soon as well. We get that from paul ryan. To jeff flock in houston folks could use that aid. Nobody more than this family here. We talked to a number of homeowners with Flood Insurance, these folks were renting this house and this is the maryland neighborhood, susanna and her husband just moved from tulsa, you dodged tornadoes in told and moved here a month ago. About a month ago. You bought Flood Insurance but what is the deal . Flood insurance isnt active for 30 days so once you get your policy there is not coverage for 30 days, so we are told that. It is okay. This is all your stuff. It is. Quite a bit of the stuff we put out two days ago people came and picked up like our washer dryer, fridge. Jeff some of your furniture was taken and that is waterlogged and toxic. They took it. It with high end leather furniture and they thought they could salvage it. Jeff susanna as friends, brother, husband, this is the water line on the window. Can we poke our head in here, is that okay . Come on if you would, if you can see, they pulled some stuff out already. Here is the water line here, okay. It got up there pretty good. You already took the floor out. Amazing how much you have accomplished or was this carpet . We didnt take the floor out, the water took the floor out. The water was floating 3 feet high. Jeff that floated your floor up . Yes. Jeff a floating floor in more ways than one. The washing machine was floating, the fridge was floating, the couches were floating. Jeff this is your brother from tulsa. You came down to help. This is amazing, people trying to help, a lot of people. It was hard to. Our cars got above the windows so it was gone. We didnt have transportation to get supplies. Jeff so now you are you walk down the street to folks house that was built a little higher . They had raised their foundation five or six feet so we waited it out with our three dogs above our heads and they took us in immediately. Jeff lets head back outside if we can. This is one little story but if dave follows me out, i will say this. We have done some pretty good, had a pretty good idea to tell tales out here, you are seeing me in front of the camera. You dont see dave behind the camera. I just need to shout out to the people that really make this happen, dave and producer jason, any we brought you there work. That is parenthetically, you see what mess is out here, he is everywhere. What makes your reporting stand out is you listen and you are respectful of people losing so much. And you dont intrude and take it all in. Sometimes jeff we are fortunate to find some value, we find value in hearing it. Neil you are not in their face, you get them to open up and be real. It is your calling card. Thanks to dave as well. I hate to break it to people, not in their neck of woods and not yet, Hurricane Irma the latest on catching peoples attention, category 2 right now. Chief meteorologist joe pastoredi on what to make of this. You telegraphed, likely still will be a severe hurricane season. Yes, already a severe hurricane season. We are reading our forecasts of the preseason, i dont know how more clear i could have been when i said the major hurricane drought was going to end this year, it would be a high impact year. There was a line in may, lookout in the northwest golf given this pattern. Also very worried about the eastern seaboard, the entire area. If you look at our forecasts map, the entire United States coastline surrounded with red. We think in that area 50 of the accumulated Cyclonic Energy will occur. What is that . The real measure of storm power, not how many you name but how many get close to you and how big they are. You see harvey, cindy was minor, emily was minor, harvey was a major hurricane and now irma, irma is a slowmoving monstrous classic atlantic hurricane, i say classic because if you look at attractive gloria, donna in 1944, 1938, sisters of the 1950s, you see what im talking about, they get to the western atlantic and threaten the United States. That doesnt mean it will hit directly in the United States, can tell that. Other people can. We have got it in close to the coast by 10, 12 days down the road, some here watching. I think also given how strong the storm is going to be and how slow it is going to move it may be the single strongest, using that terminology, ace index, storm we have ever seen. That is a product of how slow it is going to move. A lot of big Atlantic Hurricanes move very quickly because theres a stronger region the atlantic. In this case the steering currents are not as strong but they are aiming this west for at least 7 days. In the storms case you expect it to be severe, where it hits but a monster. Yes. As a matter of fact watch the track of the storm. It will be bending to the west southwest over the next few days and my professor at penn state, tropical meteorology professor doctor john lee, dont know if he is watching but he always used to say, back in the 70s, we have seen storms like this before, when the track will bend to the left, if it is moving west northwest entrance west west southwest to look for that kind of storm to become very intense and the storm seems to have the same situation. Remember when ike developed in the atlantic, did that come andrew was curving and turned west, became very intense after that so looks like it will do that. Neil thank you, i think, good seeing you again. Texans dont have enough to worry about, forget the floods, now the Health Concerns after this. Lief helps block 6 key inflammatory substances with a gentle mist. Most allergy pills only block one. And 6 is greater than one. Flonase sensimist. Tap one little bumper and up go your rates. 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Cameron joins us from the Houston Convention center. Increasing as the days go by. Good to have you with us. What are you seeing . We are seeing people come through the shelters, looks like it is stabilized and we are seeing a new normal but on the volunteer side we are seeing upward of a couple hundred volunteers helping support these efforts each day. Neil how many are at the Convention Center . From what i was told earlier this morning it was around 1800 to 2500 so that is my best figure on that. Neil how are they doing . The logistics of feeding them, housing them, providing what they need, how is that going . Volunteers are doing a great job getting everything through them. We have areas for the kids set up, areas getting news to folks and getting basic basic needs taken care of. I saw people last night getting haircuts at the facility. It is almost a dumb little town. Neil i was fascinated to read about volunteerism in your undertaking. What does it do . We were founded in 1974, local point of light phileas, we were the Largest National and International Network of volunteer injuries agencies, founded by president george hw bush. This has hit home for a lot of us. When we are not responding to disasters we place 50 to 60,000 volunteers in nonprofit agencies, providing capacity and right now that capacity is hitting houstonians. Neil something i noticed, texans acting quickly before federal aid or any sort of aid can arrive, they have taken it up very much in houston. 1800 to 2000 evacuees are there. Reported 2000 and shelters, the red cross saying those exclusive to the red cross ahead of the red cross yesterday, she was essentially saying the outpouring of support and help, people opening their homes to assist with shelters and support for evacuees besides red cross facilities was in her words amazing. That is an understatement. We will keep you updated on that and what the president is saying on Harvey Relief. Likely going to get something out of the white house and confirmations the president of the United States and Melania Trump will visit the region again. He will be going to louisiana as well, the coordination between all agencies on state, federal, local level seamless the far. The idea being the government is saying we understand it is going to be a wild, we are with you every step of the way, that is what texans need to hear and what all of us need to hear. More after this. Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. Neil a lot going on, so much, texas still underwater, not as much or as deep, that is improving. The president getting an update on this. Second trip to texas schedule tomorrow, White House Briefing in the next hour and a half or so. All this at a time rivers, reservoirs still cresting at or near record levels, more flooding expected, asking voluntary evacuations, gas prices spiking and supply concerns. This might be emotionally dated but the fact of the matter is the lines are real and the price hikes are real as well and that will happen for the rest of the country. On the phone with us is democratic mayor of houston, very good to have you. The president is the present mayor is looking for a voluntary evacuation from the facility. Early on he was concerned about leaving the city en masse before the storm hit because it would lead to more confusion and risk unwarranted. What are your thoughts on that . People need to use their judgment if they are in a neighborhood that has been flooded out. My house was flooded. As i talk to you there is construction workers on the first floor, we are trying to get by on the second floor. Citizens got to use their good judgment. It is very difficult, the fourth largest city in the country, to predict they are going to get a storm which was worse than the worst Case Scenarios outlined when i was mayor. Neil no one is wearing a political label. In any of this. Cooperation seems remarkable. That is my read from new york looking at this. What is your sense of it . People put politics aside and Natural Disaster. Neil not all the time. Not all the time, but 90 of the time. One of the times where people draw together, that is what we did during katrina and for that matter like. One great thing about City Government and the city of houston is, nonpartisan elections, as you mentioned, i voted the democrat primary but got 91 of the vote for reelection and not because all texans or houstonians are democratic, local government you have to get things done. It is more about results than rhetoric and that is a big incentive for people to Work Together to get things done. Neil a lot of people you know better than many, the fourth largest city, such an economic, vibrant area when it comes to energy and technology and the turnaround is more pronounced we have seen in other areas like the katrina disaster. Do you agree with . We have a lot of capacity in this community, is this metropolitan area is home of the second largest number of fortune 500 companies. We have very large and extremely effective faithbased organizations in this community. People come to texas for economic opportunity, strong work ethic. When we have work cut out for us we know how to get it done. Neil i always wonder, so much of the media is fixated on what is going on in your city or state, i remember covering katrina, fears that what happens when the camera crews go, floodwaters are still there, problems are still very relevant, do you worry about that . Some. What we saw during katrina, for fema response including excellent fema personnel who replaced folks who were in place at the time of katrina. Year out, the normal reimbursements that we were entitled to under law for temporary housing, a new crew of federal officials came in and things slowed down so what we want to do is minimize the bureaucracy, get things done. The fallout in the energy sector, after people dry out in the city comes to life there is concern the effect might be more than a little shortlived, the uptick in gasoline and related disruptions could linger. What are your thoughts . This does emphasize the importance of the gulf coast of the United States, those on the Golden Triangle in particular for the Nations Energy supplies. I have been in the Energy Business most of my life. I dont think people realize how critical some of this gulf coast infrastructure is. The companies that have it are strong, it will take some rebuilding, water was high. There is a lot of what we call the Golden Triangle area, beaumont, orange, significant refining capacity, there are stocks of Refined Products in europe as this will define products that are a major export item for the United States in the next couple years or over the last couple years but we will get back. No doubt about that, thank you for taking the time. Meantime, hillary von after touring damage in texas, the latest on what she can tell us. Hey, hillary. Reporter we landed this black rock. This is what we took out, we went out with the air marine operation, part of the Customs Border Protection Unit and we got to see what it was like when they were rescuing their neighborhoods, they showed us some crazy stuff. I want to introduce you to the pilot with the air marine operation, tell us how you got people that were trapped in their attic. We utilized the helicopter and swift rescue technician, we would put them on the roof, and use a chainsaw in order to access the roof. We got a lot of 911 calls from people trying to get out of singlestory dwellings the got trapped in the attic. Reporter they showed a house that had a hole in the roof, that is how they got people out but inside here, when they went out on their missions they took these seats out and were putting as many people inside as they could. They had baskets they were lowering to rescue people. This is their search and rescue operation they were doing in the neighborhoods hardest hit by Hurricane Harvey but since then they moved to humanitarian efforts delivering blood to blood banks and food and resources to shelters, the roads are still flooded. An aircraft like this is the only way to get food and resources to those people in the shelter. Moving forward, once this water dissipates they are here to back out lawenforcement from the air. If they see anyone trying to loot or vandalize someone at home and property it could take less sentiment to get from the air to the ground and get that person in handcuffs and take into custody. Really remarkable efforts by all here and from what we saw you are looking at the video, you can see some of the water has dropped but many homes, about half will of water. It will be several weeks before we see the water go down. Neil i want to show again a view of the first day we have seen where they have come down after an aggressive run up. It is a mouthful. Explain the acronyms you are seeing. It is essentially gasoline. These gasoline futures, this is a look at what has been a 20 uptick, the first day i can remember started having a little bit, reversing the gains that were going on interrupted. Gasoline contract is not going the other way for the region. But for everyone else. On the phone with us, senator bill cassidy. People forget your state got hit by this, not as severely as texas but the president is planning to visit and there is a sense that a dozen years after katrina you are no stranger to this, keeping an eye on irma the followup storm that could be an issue a week or so from now. We hope not. What are your thoughts on the unusual cooperation between so many residents in your state helping so many residents in texas . Unusual is usual. After 9 11, super storm sandy, katrina, harvey and other storms, and terrible event fighting between americans help americans. It is incredible. I would be surprised if i wasnt looking on television seeing children in maine selling goodies on the side of the street, donating dollars to help folks in houston. This is the way we respond, pretty cool thing. Neil expect to get some comments from the president of the United States, coordination between all federal agencies, local and state agencies, even among different states like louisiana and texas, whatever problems associated with trina a dozen years ago either they were learned or some heads bank together to make sure people avoided any repeating of those mistakes. There has been dramatic improvement in all levels of response, total quality management, you always want a better response. There is going to be a postmortem as we say in medicine. Im a doctor. They look what happened before and after, how can we do it better but hats off. The First Responders have done an incredible job and i folks coming in afterwards which i visited a noaa station in louisiana and they have been staying there 24 7 sleeping on the floor to provide accurate updates to all those in their Coverage Area and you know they were doing that in Corpus Christi and houston where there are other noaa stations. Knowing we should have done it better but hats off to our federal partners that worked so hard. Neil Speaker Paul Ryan talked about urgent aid in texas, presumably to louisiana as well, 5 to 6 billion, there was talk that if there was difficulty with that, attach it to a debt ceiling, doesnt look like that would be necessary but what do you think of that . A great idea. After Katrina Congress set up a fund so fema would not have to come to congress for immediate funding but dollars would be there. The enormity of this disaster is the Disaster Relief fund might be drained before what they need. Upfront money is necessary but i know from experience they will be rebuilding down the road. Neil i had Chris Christie here not long ago talking about the back and forth on that but first the president just moments ago. Today or over the weekend have a decision. We love the dreamers, we love everybody, thank you very much, thank you. We will issue it sometime over the weekend, maybe this afternoon. We are working on emergency funding. We are doing everything we can and working well with the governor. Who has done a terrific job. Thank you. Thank you very much, everybody, you. Thank you very much. Neil i hesitate to interrupt, he might answer, at the white house. I believe what he was referring to is legislations that would protect socalled dreamers, children of illegals born in the United States and avoid any concern they might be kicked out of the country that something would be pending and you heard that line i love the dreamers indicating may be protecting them is in the offing and just days away. Separately he was making a brief reference to this aid package i was raising with senator bill cassidy, the first that had been requested. It is going to be a down payment. Obviously much more money will be needed. Im wondering whether this has removed harvey itself, the possibility of a Government Shutdown unless it is not going to happen. I tell you right now we need all hands on deck. What you just said is probably true. You could argue the essential services and nonessential services, i do think if you right now are struggling to recover, even to get back into your home, most services are essential and may take it off the table. Neil what i was saying before we heard from the president was Chris Christie talking about sandy aid at the time he was criticizing speaker john weiner boehner and others, billions of it was going to think that had nothing to do with sandy. Are you concerned the same thing will happen or just take the aid anyway you can get it even if people piled on other spending . You have to be accountable to the taxpayer. The American People are generous people but what you cannot do is give the impression they are being gamed. I think American People like the kids in maine having a Lemonade Stand are going to contribute, but in full faith, we want to return that generosity we have to be careful to dollars are spent where they need to be spent, there are other disasters. Maybe theres another disaster being addressed with this funding but it should be americans helping americans, not americans helping themselves. Neil if there was a package that through this Christmas Tree stuff as they like to call it would you still pass it you never know the hypothetical until you see it. Inevitably something will say this is not essential, irrelevant balance of the two is important. Neil thank you, republican from louisiana, might be a beneficiary of some of that aid and they needed too. We will have more on this and what the federal government is doing to act swiftly, no more dramatically illustrated than in the case of the Small Business administration. Ah, my poor mouth breather. Allergies . Stuffy nose . Cant sleep . Enough. Take that. A breathe right nasal strip of course. Imagine just put one on and pow it instantly opens your nose up to 38 more than allergy medicine alone. So you can breathe, and sleep. Better than a catnap. Shut your mouth and say goodnight, mouthbreathers. Breathe right. con artists. theyll try anything to get your Medicare Card number. So they can steal your identity, commit medicare fraud. What can you do . Guard your card . Guard your card . Just like your credit card. Nobody gets my number, unless i know they should have it. To protect your identity, new Medicare Cards without Social Security numbers will be mailed next year. Visit medicare. Gov fraud stay sharp people neil we missed some of the president s remarks when we had this replay, lets listen. Those who have lost family members and friends and for those who are suffering from those who are suffering from this greayou always payehind me your insurance on time. Tap one little bumper, and up go your rates. 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I was talking to faith leaders on the ground in houston today who were diligently working not only to rescue and help recover and restore these families and they commented on the great cooperation they are experiencing from local, state and federal levels and wanted to send heartfelt gratitude to you and your team for the difference we are making in peoples lives, thank you mister president. It goes without saying at a moment like this we come together as americans, we all bow to almighty god, we ask for his grace and mercy over those who are affected and we thank you, the Vice President and your entire team, fema, everything you are doing to deploy every resource and most of all we thank you for acknowledging that ultimately it is after the bell who is the source of our unity as americans and thank you for issuing this proclamation. People of faith of all backgrounds know that prayer changes things. A great work is done by anyone who calls a nation to prayer. We give you thanks for calling us to prayer because no matter where we are and across whatever spectrum we know that prayer changes things and unites a nation so thank you for uniting our nation and calling us to prayer. In our community we have been praying, we started a 40 day fast for the healing of america and protection of god. There are some things we have to make, not diminishing your office but appeal to a higher source. We have to look to heaven, empower us, strengthen you and give you wisdom. Dont be shy. I am not shy. This is a great moment. The country have a lot of challenges, you know that as president. To ask the country to turn back to god, to pray is an incredible thing for a president to do. George washington was the first to do it. A lot of americans may have forgotten country was built on a moral idea, the second paragraph of the declaration of independence, i know you know it, all men are created, endowed by their creator, served with unalienable rights, among them life, liberty and the pursuit of happiness. That is what makes us a shining city on the hill that you are the honored president of and reminding the American People it is an amazing thing. Anybody else . Anybody else . From the beginning. To the victims, Southern Baptist and evangelicals, people of all faiths and no faith are out there and appreciate your example, going tomorrow to show presence, something called ministry of presence, sometimes it means something to be there for people and i appreciate you already having been there and going there again, i deeply appreciate that, it shows a connection with people that is so needed. On behalf of Southern Baptists, thank you. Thank you for calling our nation to god, it has been an honor, known you for 15 years and serve with your faith leaders and say that you always have put god first and challenge us and continue to challenge us, thank you for your personal work and this i believe is a new beginning for us as we look forward, we are going to see great things come. Pastor jeffers, prayer. Lets pray together, may we. Father, your word says if you are people who are called by your name will humble themselves and pray and seek your face you will forgive their sins and heal their land. I think that we have a president , donald trump, who believes in the power of prayer. We thank you for a Vice President like mike pence who works alongside of him and thank you that the president had the wisdom to call our nation right now for a day of prayers is coming weekend. This is what we need, we pray for healing for our country, we pray for physical healing for those who suffer the devastation from Hurricane Harvey, be with them, help us feed the embodiment of jesus christ as we minister to them but we also want to pray for spiritual healing, emotional healing for our country. This country has been bitterly divided for decades upon decades and now you have given us a gift, President Donald Trump who wants to bring healing to this country and is bringing healing to this country and i pray that you give him and mike pence the wisdom they need to truly make our country the country you want us to be. We want america to be great again and we can know that america can only be great if america is good and we know we have a president who wants to make america good. I pray your blessing upon him but first lady, their family, given wisdom as they seek to honor you and we pray this in the name of the Lord Jesus Christ who came and died and rose again that we might have eternal life, in his name we pray. Amen. Thank you. What is your decision on the aca . Sometime today and over the weekend i will have a decision. We love the dreamers. We love everybody, thank you very much. Thank you. We will issue it sometime over the weekend, maybe this afternoon. We are working on emergency funding, doing everything we can and working well with the governor who has done a terrific job. Thank you very much everybody. Have a good afternoon. Neil we wanted to replace that in its entirety because we came in late, the president referred to a couple things on the referred action for childhood arrivals program, president obamas way not to implement a program that would kick people who were born here from their legal parents, sometimes not even necessarily born here but there was a threat of deportation. There has been a call on the part of speaker ryan and others that the president not rescind this program, growing hints that he will not and it will be official this weekend, calling sunday national day of prayer for the victims of the hurricane and to bring the nation together, all that at a time the president is entertaining aid for victims of Hurricane Harvey to the tune of 5. 5 to 6 billion, merely a down payment on what to be north of 130 billion when all is said and done. At the front seat of this leading the effort to help out, the us Small Business administrator linda mcmahon, very good to have you. What is the latest from your Vantage Point . We forget there are Small Businesses directly affected by this and their operation stopped by this. You emphasize the right to delay those loans, update me on other things going on. As you know, the first phase of disaster is what is being dealt with now. That was very moving proclamation that the president just had at the white house and our hearts go out to those folks. When you listen to stories of mothers, a mother who watched one sundial electrocution because he was in water, didnt know had been positively electrified. Suvs going off bridges and families drowning. That is being dealt with. However there are folks who look at how can i get back in my home, get it repaired, get my business up and running so i can take care of my family, that is where fda has stepped in and that is our job and what we will continue to do and part of what we did at first, the one time we need to make clear, in disasters is when we loan money directly for homes, only time you ever get involved in home mortgages and businesses for loss of plant property, equipment, inventories and operating capital. We are the direct lender in this phase, first step we took was to let businesses know if they have an outstanding disaster loan from a prior disaster, not harvey, we will automatically deter any payments for that in disaster areas for up to a year and contiguous areas for nine months so we put that in place but we certainly have on the ground already in dallas our Disaster Relief center which is where i was yesterday, i had gone down with the president tuesday when i was in dallas yesterday, Disaster Relief center where we have 500 people already in place, taking calls, processing applications for loans, prepared with our surge folks that are on standby, have been trained before to come into that office, also in sacramento and buffalo to make sure we are getting these loans processed as quickly as we can, get the whole process done and to qualify those eligible for their loans. We are up and running and geared up. We will bring more on for the surge to take care of applications that are coming so we can help people get in their homes and businesses up and running as quickly as we can. Neil speed is important. My numbers could be offered two out of three Small Businesses after a Natural Disaster like this never recovered, never get back in business so time is of the essence. It really is blue Small Businesses are the glue in our communities, to get cities and towns backup not only in houston proper but outlying areas, getting Small Businesses back on their feet is key to economic recovery. We are geared to be doing that. We are not only on the ground now but we will be there for the longterm. This is going to take years of recovery. Fema said they would be on the ground for years. I think they have and working very closely with fema and other Government Agencies because this is all hands on deck to make this happen. Neil appreciate the time but i want to pick your brain on the taxcut news we are likely to get detailed from the administration, one idea that it would be across the board, not as much for the wealthy, the top rate might not move very much, a lot of allowances and writeoffs might offset what they have, many Small Businesses pay at the marginal rate and not the corporate rate does that concern you . I tell you what i hear when im traveling the country talking to Small Businesses. I hear from everywhere if they do get a tax cut that money will be used to grow their business, hire more people and reinvest in what they are doing, they are looking forward to a taxcut, paying anything else, if they can get the rate locked in and know what tax they will pay they know how to plan. Neil you are quite right. Just wondering if that doesnt move that much if at all, would you be concerned, would they be concerned . They would be disappointed if they dont see reduction in their rate. Thank you, has not had a lot of sleep leading the effort for the administration and looked after in texas, people with whom jeff flock has learned a thing or two about human perseverance. We spent so much time looking at floodwaters and all that. In some ways as painful as it is to look at refrigerators and so fors and everybody, record collections, everything out on the curb. As painful as it is it does indicate progress, it indicates the recovery phase and that is one of them. This is come out of various houses across houston particularly in ireland where floodwaters went down most rapidly, came up high. What do they look like on the inside . We got a look at the inside a few blocks away from here. The water up to his waist inside his house, stayed in the house, he had a dog, an elderly dog. He expressed something to me hits the nail on the head, what we are all feeling about this tragedy. For the community, food, volunteers, everywhere, everywhere. It is beautiful. Reporter there are people over at his house, now, neil, volunteers, just coming in from all over. He said that they sorted his pictures out. That he had in his albums, that got wet. They laid them out in the sun. So were going over to trishs show in half our or so, see how that has all gone. Nice to see the things unfold. I thought his spirit was particularly indicative, a good description, what is going on here with all the help. Neil nice to see, through all of this horror. Thank you very much, my friend. Jeff flock, a lot more coming up from him, that humanizes the incredible story. Talking about billions in relief and aid and cooperation, much more cooperation than any squabbling i should point out, how the folks handle with a crisis, everything they have, everything they know, possessionwise is gone, destroyed. Theyre okay. Their families are okay. Theyre moving on. Lesson for us all, far, far from the hurricane waters. Well have more after this. Oh boy. 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Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Neil all right. We have some scenes of helicopter rescues and you might ask, where do they get all the helicopters . Theyre not all governmentissued . The fact a lot of businesses make sure the helicopters are there at their own expense. Mike is one of them. He had a fleet of helicopters. No above told him to do this. No positive or mayor. He did it of otherwise hen volition. He join us on the phone. Mike, good to have you. Thanks for having me. Neil how many helicopters did you launch in this effort. Between five and six. Five on one day. Six on another. Today we have another five out there. Neil where are they dispersed, mike . Right now were focusing on the orange county, texas area, that place i think is ground zero right now. Neil what made you do it . Obviously pretty risky when it all started. Still is you could argue. This is not easy work or dangerfree work. Steer me through how it all began . We were seeing reports of the storm coming in. We saw some devastation, i was thinking i had access to some unique assets, i figured we could bring them in. Neil what did you use the helicopters for . So, one of, rescue stuff was going on and still is in the orange area, we would use helicopters to fly ahead to direct rescue boats to get into hardertoreach areas to navigate waters and pathways, get them to people that actually needed it, save time. Instead of boats traveling up and down city blocks looking for people, we could locate the people and direct those boats right into them. Neil did you do any rescues yourself . No. We didnt. Were really not set up to do that kind of thing. Neil right, right. So, pilots and others you recruited were they from your company, outside, both . These were guys that we work with that are friend of ours in the industry and i called them up, and they were quick to get on board. Originally recruited two helicopters. By the time i got to the airfield there was a third helicopter waiting. Once the word got out, more helicopters were coming in. Today we have fixedwing aircraft coming in to get supplies to orange. Neil amazing. How is it looking now . You hear, people say, i emphasize slightly stabling. Flooding is a pressing concern. Reservoirs breached but a pressing concern, what are you guys seeing from the air . The orange and viner and beaumont areas, the situation is critical. I mean right now, well be getting fixedwing aircraft to take them water. So, in those areas, it is still very much, it is still very much an emergency. Most of the other areas people have been evacked. That is more of a relief operation. Some of the other areas i think are still pretty bad. Neil youre a good man, mike, im sure those people thanked you. Remarkable to witness, see it time and again people taking it upon themselves to help any way they can, help residents and a state in a recalled would of hurt. Motorcycle, i appreciate mike i appreciate it. Thank you. Neil help is on the way not only for texas but average americans when it comes to taxes. I say average americans, the read from that chat with Stuart Varney that maybe not the rich, after this. For fastacting, longlasting relief, try doctor recommended gaviscon. It quickly neutralizes stomach acid and helps keep acid down for hours. Relieve heartburn with fast acting, longlasting gaviscon. Neil new material coming from the white house. President speaking with Harvey Relief workers. Lets listen in. Thank you very. Thank thank you, everyone. Well be releasing on daca sometime over the weekend, probably sunday, saturday. Latest will be monday. [inaudible] great feeling for daca. Excuse me . [inaudible]. Thank you. Thank you, everyone. [shouting questions] well be making a request, absolutely. For the state of texas, yes. Thank you, everybody. And louisiana. And tomorrow, im going to louisiana with the first lady and texas. It will be texas, louisiana. Thank you. Thank you. Thank you, everybody. Neil all right. A little bit of an undate from the president update from what he said before speaking with ministers. Relief in some form or capacity will be forthcoming before he makes the ininterest to texas and louisiana. I believe the aid he is talking about the First Tranche of five 1 2, 6 billion of aid, dwarfed by the real cost, Texas Governor greg abbott in is the vicinity of 130 billion. You heard about daca, that he might continue the daca program, paul ryan and support, to protect those, children of illegals, no threat of them being deported in this country. Im oversimplifying it but the administration does not want to fiddle with that for the timebeing. I stress for the time being. News made on this Network Earlier on when the National Economic council head had told our Stuart Varney tax cuts are coming but maybe not for the rich. Whatever relief theyre going so get, it will be minor. Linda mcmahon was commenting on that with me just a short time ago and there are concerns about that. Listen. Just wondering if it end up that doesnt of that much, if at all, would you be concerned . Would they be concerned . I think they would be disappointed if they dont see some reduction in their rate. Neil all right. Again, Small Business administrator acknowledging that for Small Businessmen and women of course, they pay at the marginal rate. So assuming that they are paying at that top rate, the top rate doesnt move, will this be advantageous to Small Business. You could make argument, other corporate rates come down, they reposition themselves of taking advantage of much lower business rate t would be a concern to many of here key constituents in the Small Business community, that their actual rate might not budge that much. Profitable trading. Com senior strategist, jared levy. Real clear politics political reporter, caitlyn huey burns. For the well to do, maybe not much, which would tank endingsly affect Small Businesses pay at that top rate. What do you think . The president ran on this populist message, speaking to the working class person which was a large part of his constituency, winning constituency. The white house saying he would pretty much tap into that for the pitch for hacks reform. He didnt do as much as some thousand. What republicans in Congress Want on tax reform, they are driving legislation. Unclear the president would veto he didnt think what was in line with what he proposed but he is also craving a legislative victory. So are members of congress. Neil this would be most of what he wanted, jared. Coming out the lgbt with something that does not include a big benny for the rich it, would be powerful one to sell and get democratic support. Corporate tax cut would be big have demonstrable if he gets it as low as he wants to get it. What are your thoughts . Couple thoughts, i think the Small Business administration maybe has that wrong. I know a lot of Business Owners, after writeoffs and sort of expenses are lot are coming in sort of in the middle. I think a rate cut, at the sort of median would be a good thing. Neil okay. For the average american right now theyre seeing 20, 30 , hikes in fuel prices and other costs going up because of harvey. This could come at a really good time. Bring some of Middle America back together as well. I think its a good thing of the wealthy will be stressing out as much i dont think with the effects of harvey tying all that in as average american would. I think tax cut would be good. Neil if Hillary Clinton would be in there their taxes would be going up. That would assume, depending on makeup of congress whether she would have the followthrough to follow that up. Katelyn, what i think about how harvey affect this is debate. I can not imagine anyone talking about a Government Shutdown now . That makes it very difficult. Weve seen reporting that the president isnt going to push for it the way he was last week. Natural disasters have a way of scrambling political alliances as we know. Neil for a little while. For a little while, exactly. When it comes tissues like funding for Disaster Relief. That will be contentious, texas lawmakers are pretty conservative on spending measures will be supportive. Well see a smaller relief package. Neil spending beyond hurricane relief, that gets in there, Christmas Tree effect they can live with it. This will be big question. The reason ted cruz to the test. The reason he voted for sandy funding because it was larded up with neil Chris Christie came after him. Is it your sense the markets will like it . Markets hearing all of this are up again today, within 70 points of another record. That theyre going to be okay with it . I have been be looking at data, going back to katrina and back to sandy and other Natural Disasters seeing how gdp and the marketing react. Think about it just like this. Not just fema will throw billions of dollars, hundreds of billions, but look at people. Here in texas, i cant tell you, anecdotally how many hundreds of my friends and people are spending money. We heard about the gentleman, donating helicopters to help people. I think at end of the day, what it does, brings out, opens up peoples pockets. A lost funds not being lot of funds not being spent are in the oh all economy. I think recovery could happen. I think it will cabinet positive if we can say that at this point at the end of the day. Maybe not for houston but for the broader sort of markets, stock market in general. Neil get back to the texas for a second, harvey influence notwithstanding if there will be democratic support here . It might be easier vote than was anticipated, what do you think . Depends on what strategy they employ. Right now all indications they want to get this done through, just using republican votes. You did hear the president however this week in missouri, pointing to claire mccaskill, up for election next year, vulnerable democrat among a big group of them. Neil if she doesnt support this, dont vote for her. Exactly. He is applying the political pressure. Democrats have not been included in the conversations. Their impression it is going with republican votes only. Neil well watch it closely. Were monitoring the president making more comments about the relief package could be coming, sooner than you think. Could be voted on by end of the weekend. President expected to visit harveyravaged area of texas and louisiana with the first lady. The government effort to make texas and louisiana whole is on and with more money and support. We will have more after this. Poor mouth breather. Allergies . Stuffy nose . Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. Neil all right. Houston still need help. Louisiana, still need some help. The president just announcing a short time ago help is on the way. Decide he and of course the first lady visiting the region tomorrow. Indication the First Tranche of a rescue package totaling as much as 6 billion could be on the way, passed by congress very soon. That by washington terms is rocket speed. With the dow up 70 points and about 78, 80 points to a record, we take you to cheryl casone. Neil, a lot more coming up in the next hour. The certainly listening to president trump. He just declared sunday a national day of prayer for the victims of harvey, as folks in texas return to their floodravaged homes. President trump reminding us no challenge is to great for us to overcome as a nation. Hi, im cheryl casone. Im in for trish regan. Welcome to the intelligence report. President trump and first lady Melania Trump will return to texas tomorrow to assess the damage, to meet with flood victims. The president pledged to donate