Transcripts For FBC Cavuto Coast To Coast 20170907

Christmas. Meantime they get 8 billion of aid going to texas. That is why were hearing right now of vote could be very imminent in the United States senate. It is expected to pass, with a lot of shaked nerves and a lot of tickedoff people. The market nonplussed by all the developments as stuart points out. The read that this is president firing a warning shot to republicans, if you dont clear the decks to get this tax reform thing done i will work with anyone and anyone who can. What is the business fallout from this . Who better to ask another billionaire entrepreneur, not president , rumored to be considering the job, Dallas Mavericks owner mark cuban. Joins us on the phone. Thank you for joining us. What do you make of this arrangement the president just had with democrats . Pure classic donald trump. I thought it was really smart. The thing about being a seas american like President Trump is, you want to keep deals alive. The biggest fear a salesperson has a deal would die. Working with somebody even only short term, even with democrats keeps the deal alive and i thought that was very smart. Neil a lot of republicans get ticked off, had some great Business Success you obviously stay close with those you do business and or want to do business and leery of those that might want to stop your business but the lines are blurred here. Im wondering embracing the same folks who have been quite critical of him, to maybe win them over, he makes allowances republicans fear are too much on tax cuts and he hasnt won anything. What do you make of that . No, i dont think so. I think he is being who the people elected hill to be. He is nonpolitician. He is not a traditional republican. He hasnt been a republican all his life. Neil true. He is dealmaker. That is why he got elected. He is trying to get deals done without playing partisan politics. There is a lot of things i disagree with him on, this one thing he hit the nail on the head. Stop being politician. Start working for the people he is trying to do, lets get something done. Thinks still a whole lot more to do. Do something for the people. I think he is taking a great first step. Neil mark, the markets seem to bet, today notwithstanding, surprised how they hold up through one crisis after another and storms, they will get tax cuts and get them by yearend. There is already some yammering back and forth, that the Corporate Tax cut might not be as big as was originally envisioned. That it is not going to be the 15 the president presumably wants. Maybe 22, 23 . Those are figures being bandied about. What do you make of that . Its a great question. Think, no one thought 15 or 20 were was reality. Everyone thought that was sales point in his campaign but i think the goal is the right goal reducing Corporate Taxes. I think the approach is wrong. I think you cant go to congress and say look, you havent been able to do anything else but you help me figure out taxes right . I think you have to go to Corporate America. I think you have to be hands on. I take a page out of the book of grover norquist. Remember when he got a bunch of politicians to say, to sign an agreement they would not raise taxes . I think go to Corporate America, you just walk your way down the fortune 500 to start, look, Corporate America, ceos, if i give you a tax cut, will you raise the wages of your lowest, bottom 10 of your employees . I dont want to see this going to stock buybacks. I dont want to see this neil how can you dictate that, right . There is no way get them to commit. Yeah there is. You call them up. He is a salesperson. You say look, this is what he does. You want Corporate Tax cuts down to 20 , 25 is improvement if you want that i need commitment this is not going into your shareholder pocket. I need commitment i will neil what would be wrong if it went into the shareholders pocket . What is that . Neil what would be wrong if went into the shareholders pocket . Because number of people owning stocks is declining. That is not something wrong but if your goal is to help working families, he got elected to the center of country, who havent seen wage increase at all, that is his core base, it is not white, black or brown, nobody has gotten a wage increase. So go to Corporate America and say, heres the quid pro quo. I can get you tax cuts but i need you to commit to me and sign this little agreement and send it back to me. When i say sign the agreement, im not saying literally one from everybody, but commit publicly that you will increase the wages of people who work for you. Now if he does that, he will get the base, he will reach far beyond his base because it is an americanwide problem or issue. And so neil if he does that, i guess you have no need to consider running for president , right . Im sorry . Neil if he gets that done, there is no need to consider running for president . Im fine with that. Being president is not my ultimate goal. The ultimate goal here truly is to increase wages. That has been the mystery across the board as the economy gotten better. Neil do you think tax cuts can lead to that . The president says we have to get out of this 2 growth thing because were getting too used to it and he wants to get to three, four, five, 6 . How doable is that and we dont know. That is the problem. Neil what do you think . We dont know. Over the past 30 years, said just based off theory, that is possible. We treed that before and it didnt really work this theory on both sides say it will work and wont work. What i do know will work, if you i can tell you from my personal businesses, the ones i run and the ones im invested in, a change in the tax rate inof itself will not lead me to raise wages or hire more people. Im already doing what i think is right for the business. So i think from my personal perspective it will not have the same impact that steve moores of the world think it will but if you say to me, you know, what mark, can i get your commitment to take your employees and give them a 10 increase or 15 wage increase, in exchange for this . It is a business decision for me, do i think it is worth it . If i do, i will say yes, mr. President , it is worth it. If now all of sudden you can get Corporate America to agree with it, you change the tenor of the discussion. Instead of can these politicians agree on a tax cut or a reform, reformatting taxes, all of sudden, this is, the people in america are saying. Theyre saying, Corporate America saying well pass through the tax benefit that go to our bottom dollars, well pass that through through increased wages, what this country needs. If theyre willing to commit to that, that answers a question of what will happen with a tax cut. If theyre not willing to do that neil youre optimistic being Something Like that might happen here. Im wondering given lately the president s handling of Hurricane Harvey in your state and certainly what we have seen now, early handling of irma, and now this surprise move working with democrats to extend the debt ceiling fight out another few months, you would think that the president is righting himself here, stablizing . What do you think . You know, look, on the social issues, the way he handles charlottesville, i thought it was wrong. I dont think all of sudden he can right himself. I do know his base in particular, i think across america, they might not turn on him. Maybe they turn away from him, based on what he has said but if he gets win under his belt, that helps working class families, i think his poll numbers go up. I think response from him will improve. Neil critics who doesnt flip over him, watching another news channel, sometimes my homework, mark, something to the effect this president right now is outhustling his enemies. Got me to think about something you wrote, how to win at the sport of business, when you said, you know, i may be sitting in front of the tv but im not watching it unless there is something i can learn from it. You went on to say that it is not about money or connections about bidding wealth or success. It is the willingness to outwork and outlearn everyone. Yep. Neil on that count, how is this president doing . Not very well. Look, on, i dont think he is learning from his mistakes. He is a salesperson at his heart and he follows his sales wins. He goes to where he thinks he can get his wins. Neil this outreach to democrats might have proven you wrong on that. He is learning . I hope so, i hope im wrong. I want to see him succeed. I think not being a politician is one of his core strengths. Playing to your strengths is something you always do to get results. Going out, going to where he gets result, regardless of party, i think it is a Huge Positive for him. I think he has to demonstrate, he has to show the empathy gene more than just every now and then, right . He has to be able to demonstrate he learns from the past, more than just a week. More than happy to reconsider. Like i said, fiscally, if he can get tax reform done, and i think it will take reaching out, opposed to trying to negotiate with other politicians, then i think he gets momentum. You know, as a good salesperson, knows how to play off momentum, better than he knows how to play from behind. Neil you and the president , bill gates, have this much in common, you dont sleep much. Did you know that . You know, it is interesting times, lets just say that. So much is changing. I try to keep up. Neil there you go. Mark cuban, thank you very much. Very good chatting with you. Neil, anytime. I always enjoy the show. Neil were keeping eye on lower bug on irma, where she is going. Still category 5 storm. Still winds in excess of 180 miles an hour. Airlines including american canceling flights out of Miami International airport. Pretty soon all the southern airports, weve seen massive traffic jams for the gas lines as florida residents trying to flee. Across the caribbean, at least 10 reported dead. In puerto rico alone, one million are without power. Well be monitoring all of this very, very closely on the very day this could be coming close to the u. S. Mainland. Saturday, 10 to 12 00 p. M. Our live coverage will ensue as we follow this. Real human concerns from this, financial fallout, much as we had with harvey covering that one. As much as jeff flock was covering that one. He is on the ground in miami, yet another one. This one will be a doozy. What is it hooking like, jeff . Reporter this gas thing is starting to worry me, neil. We are monitoring it. All over there are gas lines. Only place there isnt a gas line are stations already run out of gas and thats a problem. If you dont have gas, you cant get out of here. Bob, real quick, that is the gas station. That is bjs gas. Over here at same time home depot down there, a line of guys trying to get gas. A line of guys trying to get into home depot. Theyre boarding up windows out here. Because we are here in miami, just blocks from the coast. I dont know if all this can get done in time. But, ill tell you, if you run out of gas, that is one a real buster. If you dont have gas, then youre not going anywhere. If youre not going anywhere, you will stay in the middle after cat3, 4, something hurricane. That is not what you want to do possibly. Neil jeff, you and i are old enough to remember andrew in 1992. That was a cat5 when it hit. The gas lines were forming. A lot of people waited last second to leave. They sat there, 95, florida turnpike up able to move. Guess depend whether youre moving. Reporter that is the fear right now. Homestead is just next couple towns down. Which was epicenter of that one. Looks like headed same way. So youre right. That could be this is a Huge Population center. 16 Million People in line of this. It is worst place you can have a hurricane. So, there you go. Neil buddy, thank you very, very, very much. Jeff flock. That whole entire environment could be different 48 hours from now. Back to washington, the president expected to have a joint press conference very soon with the kuwait i emir. That is scheduled hour and 15 minutes. No doubt will brink up arrangement he cobbled together for the democrats. Government lights on, ceiling raised through middle of december. A lot of republicans were caught offguard with that. Treasury secretary Steve Mnuchin was chatting with our own Maria Bartiromo today, that he is fine with it, despite a nonplussed reaction and a concern maybe this came out of nowhere. It does clear the decks for tax reform and clear the decks immediately getting aid for those who need it for harvey. This latest action is going to be put up for yea or nay vote. Expected to be a vote in the United States Senate Minutes from now. More after this. Its time to rethink whats possible. Rethink the experience. Rethink your allergy pills. Flonase sensimist allergy relief uses unique Mistpro Technology and helps block 6 key inflammatory substances with a gentle mist. Most allergy pills only block one. And 6 is greater than one. Rethink your allergy relief. Flonase sensimist. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Neil hear this back and forth going on particularly in florida after texas about gouging. A lot of people said, well, gouging, neil, is in the eyes of beholder. No better than home depot cofounder ken langone put it in perspective. This is his definition of gouging. What do you think if people take advantage, not in classic sense of looting or doubling the price of gasoline . If you have a price on friday and have severe storm on saturday and sunday, on monday you raise prices from what they were on friday, you gouged. You gouged. It is that simple. Neil it is that simple. If prices raised after that, youre gouging people. Jonas max ferris, former investment banker carol roth. Does that describe gouging if you take advantage of a crisis no matter how much you rise the price . Its a little bit of supply and demand. Absolutely. Morally, im not somebody who is saying that you should go out to do these things. I do think as market, the market dictates when you have a disconnect between the supply available and demand for it, that it is likely youre going to find some people adjusting prices to do it. It is not a moral commentary. But reality of a free market, that is what happens. Neil that does happen. But sometimes they take it a little too far. Im told jonas, you might know this better than i, you fly around a great deal, sometimes these are based on algorithms. All of sudden peak demand pricing, built into ticket prices. Some ticket prices were off the chart. 2000 to go from miami to new york, what have you. What do you make of that, whether airlines in particular case could have stopped it . Jetblue saying 99 bucks anywhere from a Florida Point outside . If you let the algorithms run the world, which they mostly do in this case, not talking about local gas stations you will see prices go up, demand goes up, people are price sensitive, making rash decisions or making decisions to fly that day, later day. Without essentially people stepping in to try to stop the computers from price obamaing, you get price gauging, its a natural function. There is no such thing as price gauging, neil. Undergrad and graduate school, the concept doesnt exist. Its a political concept in florida here, it is illegal to price gouge. Has been a couple hours in gas lines in south miami. I wish gas was not 3 a gallon. Wish it was 5 or 6 a gallon, people wouldnt hoard it, filling up tanks, creating two hour lines. It goes into the situation like the soviet union where there are lines and shortages. As public we prefer lines and shortages to neil jonas, well go to the white house right now. Just taking a look, the president greeting emir of kuwait. They will have a joint statement to the press a little over an hour from now. The president doing business with the kingdom whose defense came in the first iraq war, when Saddam Hussein ran over the country, ran right through it. George bush, sr. , leading International Coalition that kicked iraqis out. There is long history financially between our two countries. President no doubt will pound that theme. Carol roth, president is getting high marks for handling of these hurricanes and federal response. A little bit of head scratching how he handled this debt extension, that he made a deal with the wrong side. The other was saying to teach republican as thing or two about getting something done. Where are you in all of this . In terms of his reaction to the hurricanes, to the victims, i think this is really where the president shines. He likes to be out amongst the people. That versus sort of the more political structure and strategic structure within the political atmosphere is really where he does tend to shine. In terms of making the deal, this is all political theater. The reality is we spent money and we have to pay for it and as a country we dont do things to sell things to make money to pay for it. We always use debt financing. Until we change our structure to attach payments to the budgets we pass well always be in the situation. Im glad that he took that off the table so that congress could focus on things like tax reform which is what the American People want. Neil jonas, the argument for doing it was to clear the decks for tax reform. I could see the logic of that. But he is also burning some bridges with republicans, maybe some of them are already burned and maybe theyre the ones who have to be reined in a little bit because as challenging as the president s poll numbers are, theirs is even more so so he had nothing to lose doing this. What do you think . I would take that further. Donald trump wants to pass major legislation, congress will not do it, just the republican side. He needs to get votes from the other side. Hurricanes is way to do things and not look like he is republican in some ways. You need a way to get votes on the other side or get things going his way. Corporate tax reform. He is willing to play, maybe politically well. Not considered a real politician. That is what is needed. There are not enough republicans. You can burn bridges because they wont vote for legislation he wants done anyway. Neil thank you very much. Market fallout is not much. The feeling president had to make a deal with nancy pelosi and chuck shammer Chuck Schumer, to clear the votes for the tax cut, the market seems okay with that. Are you . Youve thought about it, dreamt about it, maybe you should just go ahead and do it. Were legalzoom, and weve helped over a Million People just like you start their own businesses. Legalzoom. 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In every direction. Whats in your wallet . Neil what do you make of this arrangement the president just had with, with democrats . Oh, it is pure classic donald trump. I thought it was really smart. The thing about being a salesperson like President Trump is, you want to keep deals alive. The biggest fear a salesperson has that a a would die. Working with somebody short term, even with democrats, keeps the deal alive and i thought that was very smart. Neil he is getting rare praise from unlikeliest of camps. Mark cuban, applauding the move reaching across the aisle to get deal with democrats that will go through december and provide hurricane funding relief, attached to that. They will vote on the senate. Rand paul is down there. He is concerned about this arrangement. He has a special measure to offset the spending for that Harvey Relief with unspent foreign aid money. Other senators are working on similar plans. Senator ben sasse of nebraska, for example, that any penny goes towards Something Like that has to be offset with something else. That full vote from the senate expected to pass after this kabuki theater, it will pass, with republicans not keen being sideswiped by the president. Some people believe there is method to this and the president out smarted his own team. Charlie gasparino on conservative backlash. What do you think . I think free market types. This puts the president in a very bad negotiating position. I mean think about it this way. What you wanted going into the 2018 elections, next year if you want to do tax reform or tax cuts. You dont want to worry about the debt ceiling. Guess what . We have to worry about debt ceiling nine months or a year. Attach it to the Hurricane Relief bill. What he did literally screwed himself, if he wants to do meaningful tax reform. Neil that is not how he feels about it. The treasury secretary Steve Mnuchin talking to Maria Bartiromo who himself was told jolted by the president s position. He was screwed over. Mnuchin was screwed over. Neil he had interesting way to reassess the whole thing. I want you to react to this. The best part about this, this clears out the next 90 days for us to focus on important things. We have funding for harvey. Were focused on tax reform. That will be the big priority for the next 90 days. Well work with the two committees on that, and get that down to the floor, so we have a bill passed for the president to sign. Neil the idea, it clears decks of things that really matter. Even if theyre on the brink of a big fight by the debt ceiling by then they have the tax cuts. Yeah, 90 days is not a long time. Anybody that believes that mnuchin believes what he said will buy the brooklyn bridge, sell it to you for a dollar. Neil you dont think this will work . No, no. He knows this is nonsense. Neil you can understand that part, right . What part . Neil we dont have time to get into extended fight for this. They wouldnt have. The democrats would have caved because it was tied, he basically opened the bid, he basically gave them the store without even negotiating. Neil maybe he is looking for democratic votes for the tax plan. Does he have a shot at that . No. Neil you yourself the tax plan isnt everything it was supposed to be depends what he wants to do. If he wants to have a fig leaf tax plan, closes loopholes and takes rates down, turns out to be a tax increase that nancy pelosi and Chuck Schumer go home, great, we raised taxes neil he could get votes for something that brings the rate down, doesnt bring it down for rich guys . He could get democratic votes for that. Then he is proposing a tax increase. You might as well vet for hillary clinton. That is what she wanted to do. Im going to say this. If you think donald trump is mastermind at this, you know, i keep hearing it from even people on this network, that he is 10 steps ahead of everybody, this shows you that he is not. He is impetuous. Neil that is your opinion. It is not my opinion. It is based on fact. He is impetuous and reckless neil a lot of people interpret, when you go back it your own team piling on with the stuff. They come back, he has said, you guys are getting the blame for blocking me. Not me. What do you make of that . Alls i know is this, a lot of fault to go around with republicans on health care. The minute the house passed the Health Care Bill he came out and undercut their position with the senate, and said, guess what, this is too, this is too tough, too cruel. So he already, already started screwing over people that he neil do you think he will get tax cuts, forget about reform . Listen, there is a imperative among republicans to do something, so i see that, but i see his leadership as so weak, so reckless neil his handling of hurricanes . He did an okay job with that, thank god. He has people in place. Neil youre a very tough grade, arent you . Neil, think about what happened yesterday. He went in with nancy pelosi, Chuck Schumer, people have no interest seeing wall built, tax cuts, regulatory reform, he went in there and gave them the store and put himself in ridiculously bad bargaining position. By the way the art of the deal, would have argued against what he did. Neil this is just, coming in from the washington post, might show more works with the democrats than some thought. President along with Chuck Schumer are pursuing a deal to permanently repeal, this notion you, where you have to go through this. Others bandied about why we go through this charade. That would be a good thing to do. Neil if that is the case this, lays groundwork for that then what . What does Chuck Schumer get in return . Chuck schumer neil that is who he is talking to. We dont know yet. Chuck schumer when it comes to this stuff light years smarter than donald trump on legislative kabuki dance. Neil when you come on, you trash the president , leader of the free world, do they come back at you . On twitter. Neil he cant stand you. He hates you. You know something . I did it to obama when you i thought he was stupid. Neil you hate everyone. No i critique. Neil name one thing he has done right . By proposing the tax cuts. That was really good. Neil okay. My problem he is negotiating himself into a corner where he wont get it. Neil could surprise you. The art of the deal. If my aunt had you know what, she would be my uncle. Neil so true. Look at the time. Weve got much more on this deal, what is going on. The president will maybe, maybe touch on some developments we alluded to. That is coming up in about an hour. We have the latest update on irma, still a category 5 storm. Still headed for florida. More in a moment. Nah. Not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. 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Mark, what are you hearing now . What does it look like . Irma remains a dangerous category 5 hurricane, continuing up to the westnorthwest. It is located 700 miles eastsoutheast of the miami area. Were looking possible impacts in the south florida area in the next 48 to 72 hours. Neil it seems more and more like a direct hit. Is there any chance this thing veer as little right . That is what a lot of floridians are hoping, skates the coast or does that look unlikely now . At this time there is still some uncertainty in the track. Our best estimate, for it to skirt up the east coast of southeast florida. There is a little bit of uncertainty it would be a little bit to the right. That would be very good for south florida. That it could a little bit left that would be bad for south florida. Neil anything to the left would be bad for the gulf, or just those hammered by harvey, right . Very unlikely it will go that far west. We think i will wit continue mostly up the coast. Regardless whether it veers left or right we expect significant impactses in the south florida area. Neil mark, thank you very much. We appreciate your hard work. We know better than 100,000 texas area homes were hit and hit hard. Some were destroyed. They can not be occupied soon or if ever. That can be a real estate nightmare took years to recover. Could florida face the same thing . We have Katrina Campins with us. After andrew, category 5 storm in your state in 92, maybe katrina dozen years ago, that whisked through there, is it your sense that the hit could stick around in real estate for a while . Most definitely. We wont know obviously until it hits. Unfortunately for harvey, 80 of the people there more or less never had Flood Insurance. Neil right. Something they didnt anticipate, theyre to the covered by it. Some people say have more equity in the home than people did during katrina in new orleans. The chances of staying and rebuilding are higher. People will weigh the chances at this point in time, and determine whether they have enough cash to rebuild or not. It will come down, really where it hits in south florida. If it hits more Single Family homes and condos, if people it hits have enough equity, incentivizes to rebuild and stay there. But it is, going to take some time, for those of us who lived through ann drew, we didnt have electricity for a month 1 2. It was definitely a process through that. Values definitely took time to come back up. Some people say it will bring jobs back to the area because of construction. Somebody has to pay for that. Neil right. So i think it will be up in the air until we figure out where it hits and how badly it hits. People are frantic in florida. I was born and raised here. I havent seen this degree of sense of urgency in a long time for a hurricane. I think the result of what just happened in houston with harvey. David the fact it has been a while since it happened there, to your point. Im wondering, florida is a beautiful place to live. People start thinking, this is a risk. Hurricane, Severe Weather is a risk. Could it have effect on Real Estate Market there . People predisposed to moving there, buying Vacation Home there, saying i dont know . I think neil, that hesitation is normally very shortlived, until people get over it. We all easily forget, were humans. So people love florida for various different reasons, for tax reasons. That is the topic that youve been discussing as well. But you know, if you havent lived through a hurricane and this is your first time, it is definitely going to make you a little bit antsy to reconsider that. I think people get over it. Lets see how badly we get hit. Hopefully as the gentleman said, it will take a a little bit of eastward turn. We wont get hit badly as people are anticipating here. Everybody is evacuating. As i mentioned, i havent seen this level of urgency normally people have hurricane parties, dont take it to seriously. Neil not getting a little cavalier. We may go to the white house very soon for the president. Ahead of that, is it your sense, more floridians, certainly texans along the gulf, and or flood or hurricane insurance . A lot have to have it, right . We all have to have hurricane insurance because our mortgage lenders require it. However, the lenders many times dont require Flood Insurance. That is really honestly what im really looking to see what occurs with that. Many people dont have Flood Insurance because the lender doesnt require it. They will not get flooded insurance because of added expense. Im hoping we dont have same situation as harvey. That would obviously destroy, a lot of the values here, the real estate values. Neil are there secret things to the coverage, katrina . Theyre finding out in texas, high deductibles, that sort of thing that are catching some holders off guard . Absolutely. High deductibles, a lot of companies dont even want to insure. As weve seen in the stock market, a lot of these stocks are going down as a result of it. After andrew, a lot of Insurance Companies left south florida. Flood insurance got very expensive, especially with water levels getting higher. Something a definite threat to miami beach in general. Well see neil hopefully, katrina. Be safe. President with the emir in kuwait. We have tremendous groups of talented people there. The people of that are just like the people of louisiana and texas. Youve seen how people in the country reacted under pressure and horrible things we call hurricanes. This is not as much water but much more power than harvey. The governor has done a terrific job. Theyre prepared. We dont know where landfall will be. But we think were as well prepared as you can possibly be. Many left texas on emergency basis to come down to florida. Puerto rico escaped puerto rico escaped the brunt. But it is heading into florida, going east, and do it quickly. Right now it is not doing that. As you know the Virgin Islands hit hard, very, very hard. Were finding out kind of damage. Communication is actually difficult. We have people right now on the virgin island. Well see how that is, but it has been hit very, very hard. I can say this. Florida is as wellprepared as you can be for Something Like this. Now it is just a question of what happens. Its the largest hurricane they have ever seen coming out of the at hand tick. The winds are strongest most importantly. This is the real problem. The winds are the strongest they have ever seen in a hurricane coming from that region. So, were with everybody in florida. Were working very hard. We have tremendous talent. Really tremendously brave people to be there. Hopefully it will work out all right. Well see over the next few hours. [shouting questions] fema may be spread too thin right now . Fema is doing an incredible job as you all know. You have been reporting it. Youve seen how incredible they are. There is great bravery to what theyre doing. But certainly were being hit with a lot of hurricanes. We never had a thing like this where you get hit with harvey which was about as bad as it gets certainly from the standpoint of a water dump. Then you get hit with early ma. There is one right behind irma. As you probably know, smaller one, right behind. I think fema i dont think anybody has done anything like they have done at fema. They have done a really good job. You see what happened in texas. You see what is going on in terms of florida. I have to give a special shotout to the coast guard. The United States coast guard saved 14,000 lives in texas. 14,000 lives. And now i think the number is even higher than that these people, and they go right into the eye of the storm. You know what has been happening. Most of you have been reporting, the number is astronomical. What could have been a total catastrophe in terms of life has been obviously much less. So i just want to say that the coast guard of our country has really performed incredibly. I have never seen anything like it. I got to meet them. I got to meet a lot of folks when i was in texas. These are tremendous people. They are now shifting a lot of their effort to florida, right in middle of it. The difference again being. These winds are tremendous. They have never seen winds like this off the ocean. Hopefully it will not hit florida very directly. But looks like it is going to be hitting it. Thank you very much. Everybody. Appreciate it. Thank you very much. Thank you. Neil all right. I always hang on a little bit in case someone throws another question or comment to make but the president obviously talking what is going on in florida now as prepares for incredible storm, category 5 at this junction. Fema boots are on the ground. They are going nonstop and financial problems despite talk fema is running out of money. They are there to do the job. They will settle with the emir of kuwait. He will do a joint address with the emir in about 40 minutes. Evacuations underway throughout much of florida, including Broward County. The democratic mayor is on the phone. Mayor, thank you for taking the time. How are things looking there . Were prepared. Things are looking pretty good here. We mobilized with fema and red cross and Broward County is ready to handle the storm and keep our residents safe. Neil i read earlier, mayor, that there were some evacuations or voluntary evacuations in place. Have they widened . Are they now mandatory . Okay. So as of 12 noon today, those evacuations, that we spoke about yesterday became mandatory. That is everyone that lives east of federal highway in lowlying areas that we know that are floodprone as well as mobile homes. Neil whats the reaction you get, mayor, tell people you have to leave now . Youre dealing with very diverse population, including the elderly, including many would resist leaving. Theyre concerned about medications. Concerned where they go. What do you do . Basically we have offered them transportation to the shelters. We have assured them that as long as they bring what they need with them, their two weeks worth of medication, pillows, betting, their water, that type of thing, we can provide basic needs, secure structure to to protect them from the storm. These are last resort areas. Were providing a hardened structure to make sure theyre safe from the storm. Once the storm has subsided, we will then work on, if their homes are damaged, if they dont have a place to go back, then when fema and red cross kicks in, we Start Talking about more permanent placement structure for them. Neil weve been hearing reports as well, mayor, maybe not in your exact county, i want to be clear though, i heard this in texas when we were covering harvey when it hit there, price gauging, retailers, gas stations taking advantage of that, not a whole lot but enough where people say wait a minute. What is going on . What is the policy you have with this sort of thing . So we do have some of that going on right now. Weve urged people to call our number so we can go ahead report that up to our state attorney generals office, who is taking those complaints very seriously. You know, pricegouging occurs, it is something that we have very little control over during the time were going through the hurricane, but we do pursue that after the fact. Mayor, i can remember with andrew, 25 years ago, those delayed leaving, traffic jams, people trying to get out. How are you coordinating that with your counterparts in other counties, with the governor, et cetera . So first of all that is why we issued our mandatory, our voluntary evacuation first because we knew they would become mandatory at 12 noon today. We urged our residents to get prepared early so they get off the street because were estimating there will be a million cars coming through Broward County north or get through Broward County from miamidade counties, Monroe County and the keys. We have done everything we possibly can to make people understand that our roads will be overloaded. There are some areas where there is bumpertobumper traffic since last night. We are trying to move people as quickly as possible. Neil all right, mayor, we appreciate you taking the time. Im sure youre a very busy mayor at that thank you very, very much. I just want to give one other reminder. Neil sure. We have lots of calls people wanting bottled water. We have supplies of bottled water. Tapwater is fine. Use tapwater at houses. Fill up containers. Fill up the bathtub. We need people to understand there is no need it panic over water. The water in the taps are safe. And we want to let them know this is a serious storm. And that we have not experience anything like this since hurricane andrew. Were at a category 5. We need them to seek protection and shelter. Neil before the storm hits, the tapwater is fine. Always gets to be issue after the storm hits but now is fine, right . Yes. They can fill up containers. They can fill up the bathtub like weve done in the past. Make sure they have water readily available. Neil that is a good point. That is what were suggesting. Neil that is a very good point. Mayor, thank you very, very much. Youre welcome. Neil little item before we take a break, apple, the stock is drifting down. There are reports, just reports. Cant confirm all of them there are glitches including in the new iphone, 10year anniversary phone i believe due to be announced on the 12th of september. That could delay some shipments this sporadically comes up anytime there is new announcement of apple on a new product. That is the latest one. There could be supply disruptions. Weighing on the stock because of heavy anticipation. Well have more after this. its time to rethink whats possible. Rethink the experience. Rethink your allergy pills. Flonase sensimist allergy relief uses unique Mistpro Technology and helps block 6 key inflammatory substances with a gentle mist. Most allergy pills only block one. And 6 is greater than one. Rethink your allergy relief. Flonase sensimist. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Your parents have been ittalking about you for years. Theyre all about me saving for a house, or starting a college fund for my son. Actually, i want to know what youre thinking. Knowing that the most important goals are yours. Its how edward jones makes sense of investing. Neil all right, i do want to give you an irma update. Official hurricane watch for south florida and the keys. Governor rick scott activating 3000 Additional National guard members, and separately hearing the senate is ready to vote on a debt deal, that will include the harvey aid. This was the deal that combined commitment to extend the debt, raise the debt through december 15th. Get that monkey off the immediate back of legislators as well as for harvey aid and deal with that around christmastime. Maybe thats a good or bad thing but President Trump wants to address this on a more permanent way and permanent fashion by looking at maybe ending this whole charade with raising the debt limit every 14, 15 months, whatever it is, and finding a permanent solution to avoid that along with Chuck Schumer, that has been kicked around. The reaction to all of this, the office of management and budget director Mick Mulvaney. Sir, very good to have you. What did you think . A lot of your colleagues, including the treasury secretary seemed initially surprised, have since rallied around President Trump as they say it does to extra tax cuts. Are you in that camp . I am. If you stop to think what the priorities are for the administration, number one priority is houston, number two is florida, and the number three is the tax reform package. Clearing the decks and getting these things out of the way for now is i think the right call and allows you to focus on whats important not only to the administration but to the folks the president represents. Yeah, i think it was a good call, and looking forward to focusing on these priorities right now instead of the stuff that can wait until december. Neil many of your old colleagues of the Freedom Caucus which you were a member before, and moved up to fancy schmancy job now. What theyre saying, director, im quoting david bozell the president of for america, these are the things that can derail President Trumps presidency. Talk about burning bridges with the grassroots, and the famous headline in breitbart news, the headline, meet the swamp. The president let them down. What do you think . I dont get it, i used to be a member of the house Freedom Caucus and i remember arguing many, many times for shorter term debt ceiling increases. Many ways im surprised that the right wing of the party is not more receptive. It gives them more time to make the case, another debate in september. All they did is move this out of the way for now to run the government during these very critical times. I dont think, im not a climate guys, im telling you i dont think we ever had two major hurricanes hit the country in the same week. Other priorities right now and moving it off to december is not burning bridges, its not meeting the swamp. Its looking at the realities of the day and say look, we have to run the government, this is our priority this week, see to these things, see to the hurricanes, start tax reform and deal with the other issues in december. Neil the idea that the president is talking to senator schumer about ending this whole debt ceiling nonsense. That might be very palatable for republicans and democrats in the past, talked about that, maybe yourself included, sir. But it seems like hes doing all the talking to Top Democrats and not Top Republicans who seem genuinely shocked. Should they have been genuinely shocked . Look, lets face the political reality where we are right now. The debt ceiling right now needs 60 votes in the senate. The continuing resolution to keep the government open needs 60 votes in the senate. The funding for the hurricanes for harvey and irma needs 60 votes in the senate. Its absurd to think were not going to be talking to the majority leader in the senate, the democrat leader in the senate in order to get these things done. No, i think we continue to work with both folks, the media mentioned the fact he met with mr. Schumer and mrs. Pelosi, but talking with everybody on both sides of the aisle because we have to. I can relate to what you are saying, the media, the first thing you got to work with the other side, he works with the other side and they say look what youre doing to your own side. I understand that. You are one of the biggest fiscal hawks i know. It seems odd to me in agreeing to increase the debt ceiling that attached to it was spending measure. Important one for emergency relief, but nevertheless, that could have been a clean bill, a clean vote would and have gotten bipartisan support anyway. Are you troubled that this sets the stage for similar such attachments, in this case for spending, not for cutting that spending. Look, actually i think one of your basic premises, neil, is not entirely accurate. We sent a letter to the hill asking for the additional spending, the supplemental spending for fy 17, in the same letter said by the way, we think you need to address the debt ceiling at the same time, because we were cutting it so close anyway on the debt ceiling. I think secretary mnuchin has been on the show several times saying how close we were getting to cutting it already, when the reality is september 14, 15, when the tax payments come in was cutting it close. The responsible thing to do was to look at supplemental spending and the debt ceiling at the same time. Neil director, there is talk that the president might secure more democratic support than would normally be thought of, whatever it is, and has tongues wagging that maybe, maybe, thats because it leaves out provisions that lets say liberals or democrats would find objectionable, a tax cut for the wealthy. Might not be in there. That lower taxes for corporations might not be as low as was originally talked about. Could you outline any of that . I can say what we said 100 times before, our policies of the administration have not changed. We want the biggest, most aggressive tax cuts, tax reforms, that we can pass into law. Neil everybody, director . And theres well, theres no benefit to being right and not getting anything passed. We want stuff that can pass into law that will get us to the 3 sustained Economic Growth that is the target for this administration. Neil the reason i mentioned this sorry to jump on you there. Thats fine. Neil your definition what would be adequate tax cut for corporations might not be guiding with the speaker paul ryan. I want your reaction to speaker ryan. The numbers are hard to make that work, he obviously wants to push this as low as possible. I completely support doing that, but at the end of the day, we got to make these numbers work. Our goal is to be at or below the National World average, thats 22. 5. Neil i should naut in context. The report was the president wants to, maybe you want to lower the corporate rate to 15 from roughly 35 now. It would still be much lower under paul ryans thinking but not nearly that low. What do you think . I think what youre seeing, neil, is the way the law is supposed to get made. The president staked out position, the leader of the republicans, the house has as well. What were going to go through is the ordinary process, regular order, go to committee, theyre going to have hearings, theyre going to mark up a bill and we will continue to advocate for the biggest reforms and reductions we can possibly get. At the end of the day, the president doesnt get to make law. The house and the senate do. So were working with them as we have to try and get the best possible package that can pass. I think whats being lost on this is how many things we agree on at this point in the tax policy, that two or three pager that the big 6 put out a couple weeks ago was noteworthy in the number of places that we agreed on and things that, for example, the border adjustment tax was out of picture at that point. We agree to get corporate rates down as much as we can. We need to focus on the things we agree on, not what divide us, thats the way we get the best piece of legislation that we can. Neil director, is it fair to say as i think secretary of treasury mnuchin hinted, hinted, that the wealthy might see rates cut a little bit but offsets, limiting deductions, et cetera, they might not be part of this. They might be fine with that, if everyone else is getting. That is it your sense in the end that thats what were looking at . Again, i dont know what were looking at in the end. Neil you know what is being proposed in that building behind you, correct . Dont worry, im not going to dodge that question, tee it up and say this. Look, every time you reduce taxes on the middle class, you also by definition reduce taxes on the upper class because the folks who pay taxes at that higher rate pay taxes at middle class rate as they move up through the progressive system. Balance that against the proposals that we have talked about previously, such as getting rid of the deduction for state and local income taxes. If you live in a hightax state, new york and new york city, california, you could see tax bill go up fairly dramatically. I dont think its fair to say everyone is treated this way, everyone pay higher taxes, lower taxes, the middle class, absolutely taxes are going down. Neil if you are in the middle class and the hightax states you would be affected by that, right . You could. Thats part of the discussion. What youre seeing is the right way to handle it. It is not a precooked bill, not coming down from the mountain and saying here is the tax plan, were going to work with the folks in congress. Keep in mind, all of the things we talked about have representation on the hill, and the folks represent the folks back home to the best of their ability and come up with the best tax plan well pass. Neil do you uponing it will pass by the end of the year and retroactive to the beginning of the year . I do, when it passes, secondly, yes, if it passes by the end of the year it will be retroactive. As to the first question, i do. And in middecember when the tax bill passes, people will look back at what the president did this week and say you know what . Maybe he was right. Cutting the deal in september was a big part of taxes by the end of the year. Neil do you know whether the president is genuinely annoyed at republicans in the aggregate, the leadership, thats why hes reaching across the aisle . Hes fed up with him . I read what he did with Chuck Schumer and nancy pelosi on the side, im sick of you guys. Ill answer half of the question which is, is he annoyed with the Republican Leadership . I think he is. As a citizen, i am too, i am promised they would have repealed and replaced obamacare by now. Im a voter. Im a member of congress, i have a senator, i not only made promises to people when i was running to office. People made them to me. I was annoyed we have note followed through on the promise. I dont think thats not a natural reaction at all. I think hes reflecting the opinion of many of the people of the country. Are you worried hes losing friends if embracing the democrats who arent keen on him and republicans who feel that he always picks on them, that hes going to be last man standing . Face it, any selfrespecting republican worth his or her salt is probably annoyed at the party as well. Not being able to follow through on the major problem is a major problem for us and we need to fix it. Neil Mick Mulvaney, thank you very much, budget director of the United States. Mick mulvaney. He understands where the froik caucus and frustrations are coming from, but the debt deal does not necessarily take all bargaining features away. Mark meadows might disagree with that. Very concerned about this tactic that keeps the ceiling an issue, not until the middle of december. Chairman, very good to have you. I dont know how much you were able to hear from your old colleague, he more or less says you are still all kind of on the same page, just chill. What do you think . Ive obviously talk to director mulvaney yesterday evening after the deal was announced. We want to see longer term debt ceiling bill that has conservative Structural Reforms and obviously, we didnt see that yesterday. Neil in other words, you would have preferred to see spending cuts, not in this case a spending measure, in this case, emergency relief . Yeah, and the emergency relief, i believe that should have been a standalone, but thats a tactical question, but really when we look at debt ceiling, weve got to get our spending really under control, neil. You know it, i know it. The American People know it. And so if were going to do that, weve got to address this debt ceiling vote with some type of structural reform. So in that, ive just left a meeting where were talking with our leadership on how we do that, to make sure that Chuck Schumer doesnt have the power. Weve got Republican Controlled Senate and house jo he has the president s ear, chairman, the reason is the president is reportedly encouraged that he could find a permanent solution to the debt ceiling, so far working with Chuck Schumer on a way to avoid that and not you. Well, i can tell you, i was at the white house earlier today, i would disagree with that analysis, neil. Neil are you part of that discussion too . Im not part of the discussion with chuck, heres what i do believe. We can do that with the republican votes. Use the reconciliation tool that is out there that allows us to have a 51vote threshold in the senate, allows us to control it on the house side. Weve been putting that forward for the last 60 or 70 days, hopefully now well see we need to take control of this on behalf of our constituents. Then do you buy this report thats coming from the washington post, others are echoing this, sir, that the president is eager, with Chuck Schumer, to pursue a deal that would repeal the debt ceiling to stop this altogether. You and i said in the past, we resent where every 14, 15 months you go through the kabuki theater, it is what it is. It instills some measure of discipline. He wants to do away with that and seems he and Chuck Schumer are talk seriously about it now. Are you part of the discussions or republican us that know of . We put forth a proposal. Jim jordan and i put forth a proposal that would allow us to cap spending at 20 of gdp, moving it down towards 18 of gdp over time, which would de facto allow you to have a debt ceiling that would allow you to increase as the economy grows. So as we look at that, thats a republican option. I dont think neil i dont thinkha ts the option theyre talking about whh leads me to this,. Chairman, i think this is a feeling question i got you. Neil your thought on the president now talking increasingly to democrats because hes had it with you guys, had it with the Freedom Caucus that fights him every step, in the past, not necessarily now. Was critical of the arrangement made hastily yesterday, and maybe saying, i cant work with those guys, ive had better luck reaching across the aisle and working with them . I can tell you thats not the message coming directly from the president. Ive spoken with the president since then. Neil when did you last speak to him . Last night, i spoke to him last night. Neil how did he explain this debt measure thing to you . Its all about being myopcally focused on tax reform. Neil, he wants to get that done, he believes we have the debt to do that. I support him in clearing the debt and thats why we were at the white house today talking about tax reform and make sure that we make it meaningful, robust and get it done by thanksgiving. Neil you want to bring that corporate rate down to 16 or so. I think the president was talking about 15 , we heard paul ryan lately, doesnt sound like a big fan of his saying 22. 5 might be the best we hope for, im paraphrasing here. But seems like everyone is all over the map. Everybody is all over the map. Other thing you have to as well is, it takes 218 votes in the house and certainly 60 votes in the senate to get this done or 51 under reconciliation. And so as we look at that, im very optimistic that well have a conservative tax reform bill that has put forth you. Might have one put forth but that doesnt mean it will be voted on, right in the reason i mention it to you, i get a sense here theyre kind of watering down this tax cut, maybe just so the votes and to make something happen rather than nothing happen, but that would be a tax cut, for example, for the rich. Are you comfortable with that . Of course, im not just comfortable with that. It cant be tax cuts only, it has to be tax reform and really at this point until theres enough votes in the house to pass the budget to get to that, thats not going to happen. Neil if you had a package before you, sir, that had tax relief but not for the upper income, could you vote for that . Well, i mean, obviously, lower taxes is always better than higher taxes. We have a onceinalifetime opportunity, neil, to get real tax reform, get the economy going. We need to address it across the board. We need to make the difficult choices to make sure we get that done. Im committed to doing that, i believe the president is committed to doing that and well get it done. Neil sir, thank you very, very much. The president is speak right now, lets go to the white house. That was a feed coming into us, we hope to reboot it there. Do we have it rebooted . All right, chairman, trying listen closely if youre still with me. Hes gone. Thats being alert, america, thats the way i roll, you have to roll with me. We have a lot going on, you heard from the guy that runs the Freedom Caucus, theres a little bit of agita, a little disarray among the grand ol party, the mixed signals including from the speaker, the president , from a conservative leader who says wait a minute this may not be what we think, in the end it might all work out. We shall see. You always pay your insurance on time. Tap one little bumper and up go your rates. What good is having insurance if you get punished for using it . For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. Poallergies . Reather. 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. So we need tablets installed. With the menu app ready to roll. In 12 weeks. 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Theres always the worry about running out of stuff yourself. Do you have enough supplies . Goods for all the crowds . Yeah, neil, hey, thanks first of all for having us. While its always a concern, weve had trucks on road preimpact for irma all day. Yesterday, over 300 trucks on the road. And theres a lot of supplies that are in hot demand for a preimpact like plywood, flashlights, batteries, water, were holding our own. Neil the biggest demand would be just the stuff that you mentioned, but a lot of people scramble, and i wonder how you ration it out, or do you . Well, yeah, what we really do is, its obviously on a firstcome, firstserved basis. What we try to do is we have a few Distribution Centers in the southeast weve put together. We put can loads together with preimpact supplies, and then when we track the storms and have a good idea where we see the impact, we start loading the stores up with the canned goods, the canned loads, and the customers come in and we really take care of them, firstcome, firstserved basis. Neil whats the mood of your own people . They live in the area. The fact that its anyone, im sure yourself included. What do you do . Well, listen, thats really one of the things thats most impressive about home depot. Our associates, i guess unfortunately we have a lot of experience with hurricanes, but they do such an amazing job, many times we have to run them out of stores to take care themselves because theyre in the middle of the storm as you mentioned themselves, but they are really focused on the stores and taking care of the customers. You know, what we do try to do is number one, we try to stay open as late as possible, we want to be the last one to close want and to be the first one to open. But with saying that, obviously, the associate safety is first and foremost and so, we take it on a volunteer basis, and you would be surprised how many show up and are ready to take care of the communities. Neil you people are very helpful anyway, they always answer my stupid questions. Marc brown, thank you very much, be safe yourself. Thank you, neil. Neil were going to get an update from the president of the United States not only on the preparation efforts for irma, but also the fact that he said the team of boots are on the ground and fema could be on the brink of running out of money. The fact of the matter is they keep the spigots open and whatever they need, the government there to assure them, the president says they will have. Well have more after this. E fe listen up, Heart Disease. You too, unnecessary er visits. 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Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Neil do you think it will pass by the end of the year and that it will be retroactive to the beginning of the year . I do, when i continuing passes, secondly, yes, if it passes by the end of the year, it will be retroactive. As to the first question, do i, in middecember when the tax bill passes people will look back at what the president did this week and say you know what . Maybe he was right. Cutting the deal in december was a big part in getting taxes before the end of the year. Neil budget director Mick Mulvaney is confident of that. Were awaiting a press conference with the kuwaiti emir to see what he has to say about that. We have mark to you first, youre not keen on this debt deal, are you . Look, im never keen on raising the debt ceiling but the Republican Leadership put the president in untenable position when they were told there would be no government shutdown, would raise the debt ceiling, he was double crossed by Republican Leadership so he bought time to have the fight again in september. Neil jehmu, what do you make of that . It caught liberals, yourself included, offguard, didnt see it happening. What do you think . I think that any step in the direction of bipartisanship in what is a ridiculously partisan environment is a good thing, and before we dive into like how the sausage is made, lets talk about what the sausage is, and this is aid for harvey, this is an extension of the debt limit, and a continuing resolution to december. These are all things that were really quite challenging for the month of september, and now, hopefully this will be a ray of light in some way, shape or form that, on these big issues, there can be bipartisanship, hopefully its a good sign for dreamers. I do think that that was one missed step with democrats where they could have used a little more leverage to help the dreamers that were so cruelly hurt this week by the president s decision. Neil by the way, there is talk here that even that is the president and nancy pelosi are in talks to deal with that. So you know, well see. But john taitum, as a gop bundler, do you feel or they feel that the president said the hell with you guys, not you in particular, but go nowhere fast depending on fellow republicans to get stuff done so i might as well reach across the aisle. Absolutely, i think, neil, the president has, if hes not going to get cooperation from the republican party, hes going to set out on a path to progress. If that takes him to the democratic side, then hes going to have to work with whoever needs to work with him to get progress made. Weve got to have tax cuts. We were promised it by august, then this fall, and the devil in the details, i hope they lower Small Business scorp. Taxes from 40 to 15 , that will spur the economy, but, you know, weve got to get something accomplished, and i agree with mark, its frustrating to see them keep kicking the debt ceiling can down the road to timbuktu, and i also agree with jehmu in that, you know, youre not going to shut down the government when weve got this horrible tragedy. Neil i do think the hurricanes have changed the complexion of the debate, maybe for good. Mark, i concerned and your thoughts on the number of conservatives of Freedom Caucus folks as well concerned that the president s deal to restrain spending just isnt there, that the very fact hes working with Chuck Schumer and nancy pelosi telegraphs that, i think thats a little sweeping and simplistic, but is that a concern of yours that maybe the president is doing this out of frustration . Yes, but hes sending a signal to those worried about spending, get over it . I think we need to cut that down the middle. I think the president has never expressed his yield for cutting spending, that is a problem, the base needs to express frustration about that. Neil they just did, right. You hear the Freedom Caucus and the president said who cares, right . And i agree, and so i agree with the Freedom Caucus we need to cut spending but remember he got his legs cut out beneath him by mcconnell and ryan, and goal is to push us back 18 months to next election, its despicable. What we need is the Freedom Caucus neil this is bravery for the next three months, right . It gives the president , it gives the president a chance to go at it again. Neil fair enough. To fight with democrats. Neil jehmu . I was going to say it seems like this is less about mcconnell and ryan doing something to the president and more about he kind of got played by pelosi and schumer, and yeah, thats going to end up to be a good thing. Neil we dont know that. He might just that might have been a planned move on his part because hes still angry at ryan and Mitch Mcconnell. He shouldnt be making decisions based off of anger, and this is certainly going to make it harder for his tax plan, which i dont agree with, its going to make it harder for him to have the leverage that he wants to have. Neil hell have democratic votes, jehmu, dont you think . For sure, he will. Democrats arent in this for obstruction for obstruction sake. That is not the goal of the party as it was for republicans under bush i mean under obama. The Opposition Party isnt out to obstruct the dominant party. John, where does this go . The president is with the emir of kuwait, hes confident and polls will reflect the white house is confident enough to say his stewardship to the storms lately, riding himself, finding sea legs, whatever that, is and the debt handling whether it was by accident or deliberate on this debt thing is signaling that hes found his sea legs. Do you agree with that . I do agree, neil. I think the president is, like i said, hes looking to accomplish some things, and if the republican party, you know, to marks point earlier, when have we ever seen the 535 people that are currently in congress, you know, really go after tax reform and tax cuts . They dont want to give up. Thats the power is our tax dollars, and theyre never going to cut down their ability to spend our money. So just like theyre never going to agree to term limits. I mean Mitch Mcconnell said that. So really i think the president is going to lead, and hes going to go in the direction of accomplishing some things and if theres democrats that want to come along, thats great, if theres republicans that want to work with him, thats great. And in 2018, weve got to drain the swamp and get rid of the professional politicians that have been up there for 10, 20, 30 years and havent done anything. Neil could you live with them draining the swamp if its all republicans who get drained . Well, i would drain everybody that has contributed to a 20 trillion debt that we face. So you know. Neil thats a big swamp right there. Guys, i want to thank you all very much. We are monitoring developments at the white house here. This is an opportunity for the president along with the emir of kuwait to take reporters questions and no doubt a lot will be on irma, a lot on the debt arrangement, a lot on taxes. We dont know. It depends how many questions are asked. Sometimes the president keeps it short and other times the president is leaving when reporters are asking questions in the room. Well have more after this. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. 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. For tech advice. Dell Small Business advisor with one phone call, i get products that suit my needs and i get back to business. Neil all right, by now you know irma is heading to florida, where were told a lot more home owners have insurance than certainly was the case in texas. A lot of them have to have it, but finding out a little nasty surprise, could be on the hook for what they call a hurricane deductible. Could be a substantial deductible. It could be indeed. So normally, neil, as a home owner, as you know, you pay a flat fee, right . And god forbid something happens to your home, then the Insurance Company pays a percentage, but after youve already paid the flat fee. The hurricane deductible, a third of the people who have this written into home owners insurance dont know is there. Neil its not a dollar amount. No, its based on a percentage amount of the value of your home. Not even a value of the damages, so in texas or in florida, where maybe you have a house thats worth or insured up to 200,000, with a 5 hurricane deductible. You know, you have to pay 10,000 before an Insurance Company will even look at the damages for your home and give you any kind of nickel remuneration, a lot of people first of all dont know the clauses are in the contracts, so thats a problem. People who support the Insurance Industry say, well, this is better because in so many cases the Insurance Companies will be taking on so much risk, they wouldnt offer insurance at all. This is better than nothing, and forces people, this is again, lobbyists for the Insurance Industry, they say it forces people to properly stormproof their home. They say if the deductibles werent, there people would say ill take my chances. Neil wouldnt that do that regardless . I would think so, too. This seems cruel, and what we have all felt is its all in the fine print. There was a survey, a third of the people who live in the areas dont know this clause exists. And one thing i should mention too, the definition of a hurricane changes everything. So we had Superstorm Sandy hit here, but thats a storm not a hurricane. So those deductibles, people didnt have to deal with those because it wasnt called a hurricane, but in texas, this is obviously very real. Neil then they get into the flooding issue, and was that hurricane caused or after, and so nuanced here. Bottom line, people didnt have the coverage or the increased coverage. Like the pixar movie. Neil im wondering, insurance property guys, after the storms stocks are wild because the obligations are so big, maybe the selling is overdone if the feeling is theyre not going to bear all this. There are few key company, allstate has a lot of exposure in texas and florida which hopefully will be spared. State farm, farmers, Liberty Mutual. 19 states and the district of columbia, which this is a larger number than i would have thought have the hurricane deductibles in there. So its quite a good chunk of the country where the Insurance Companies have been able to write this in as part of the provisions. Neil incredible. Deirdre, thank you very much. Im sure people are loving that nasty little surprise you just shared with them. Exactly. Neil it is what it is. Were waiting for the president of the United States and the emir of kuwait. Also waiting what is apparently a done deal vote in the United States senate, thats the measure, of course, that the president cobbled together really with democrats, Chuck Schumer and nancy pelosi to raise the debt sealing, keep it going until at least middecember and attach Harvey Relief to that. That was something that could at least clear the deck, the president as people were saying for tax relief and to get the tax package done. Hope springs eternal, the hope is expected shortly as is the president of the United States. Stick around, you are watching fox business. Rethink whats possible. Rethink your allergy pills. Flonase sensimist allergy relief helps block 6 key inflammatory substances with a gentle mist. Most allergy pills only block one. And 6 is greater than one. Flonase sensimist. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Neil all right, awaiting a joint press conference between the president of the United States and the emir of kuwait. You know the drill, they make a joint statement and the president has an opportunity to take questions from the press, including whats going on with the hurricane barreling in on florida and the debtstension, all three months of it that has republicans out of sorts. Were hearing that amazon is trying to explain itself here defending claims that its been gouging customers, gerri willis has been following. That whats going on here . Thats right, neil, amazon denying claims that the Online Retail giant is price gouging in florida as the state braces for hurricane irma. Customers of the Sunshine State reporting packages of nestle water are selling for 25 per pack. The same pack 18 in the northeast. Amazon put out a statement saying this prices have not widely fluctuated in the last month, lowered price offers are quickly selling out leaving higher priced offers from third party sellers. If customers think an offer has substantially increased in price, we encourage them to Contact Amazon Customer Service directly and work with us so we can investigate and take proper action. And neil, this is coming as the Airline Industry is capping costs on flights in the area. Operators like jetblue, delta, frontier, are cutting flight prices so people can evacuate quickly. Those who havent evacuated will pay no more than 100 bucks to leave with some airlines on. Fox business earlier today, rather fox news earlier today, Florida Attorney general pam bondi said not specifically mentioning amazon, she said shes setting up a hot line and plans to go hard after anybody caught price gouging. Bondi will go on national tv and tell folks not to do business with companies caught price gouging as well as dole out heavy fines to violators. So pam bondi is on it. Neil yeah, you would think they would weigh. That whoever you are gouging today, they are not going to come back to you tomorrow if you do that. All about the corporate reputation, if you let people down when they need it most, theyre going to remember that. Neil you would think. Thank you, gerri willis, thank you very much. You are most welcome. Neil still on top of irma and Rick Reichmuth is following it better than anyone i know. There hasnt been change to our thinking, were not exactly sure where the center of the storm is going to go, that has crucial impacts for areas especially in florida. In the shortterm, the center of the storm moving towards the turks and caicos, no change in the structure of the storm. Pressure came up a little bit, winds still at category 5 strength, this is right towards turks and caicos, a direct hit from a cat 5. That will probably bring 1520 feet of storm surge which some of the islands are so low lying it would have a complete shover of the islands. Also the bahamas, hurricane warnings in effect throughout the entire bahama chain and hurricane watches in effect for south florida. I think were seeing if not a direct hit in south florida. It is going to be a very close brush and you need to prepare for the direct hit. If it does happen, if the category 4, maybe category 5 storm it will be catastrophic to parts of south florida. This is the future radar through saturday morning, cutting in through the bahama chain and getting close to south florida and make the righthand turn. Where that happens is difficult to say. Does it go to the east, to the west or right into the southern part of the peninsula. That we still cannot tell you, too early to say. Everybody needs to prepare as if it is happening. One other thing, neil, yesterday irma went through the Lesser Antilles as the cat 5 storm. Jose behind, it take a look at this, for this weekend, right here in the cone, potentially a cat 3. All of the islands that saw the storm that were getting the pictures up today, barbuda, antigua, potentially a hurricane over the same hurricane which would be devastating for those folks, neil . Neil have we ever seen anything like this in such rapid fire fashion . I know this is Hurricane Season. It is, and we have, absolutely have. 2004, 2005 were active seasons, the katrina, the charlie, the ivan. But to have two majors go over the same spot so quickly, i cant recall anything like that. When you see the pictures where this infrastructure is completely decimated and now imagine a cat 3 going, all the debris blowing around with that would be a horrible insult to injury, but september 10th, neil, is the statistical peak of Hurricane Season, we were expecting active Hurricane Season and that is the peak, thats what we have. Neil thank you very much Rick Reichmuth. As rick was saying, saturday morning could be a do or die moment here for this thing, thats when we will be live on fox news beginning at 10 00 a. M. To 12 00 p. M. Monitoring the impact not only the impact of the storm as it descends on florida and points beyond but the economic costs of all of this and weighing all the other storms, including jose following closely behind. The money is out of the till. Folks are in harms way and something the president of the United States will no doubt be talking about minutes from now. More after this. Im vern, the orange money retirement rabbit, from voya. Im the money you save for retirement. Whos he . Hes green money, for spending today. Makes it easy to tell you apart. That, and i am better looking. I heard that. When its time to get organized for retirement, its time to get voya. Neil what do you make of this arrangement the president just had with democrats . It is pure classic donald trump. I thought it was really smart. The thing about being a salesperson like President Trump is, you want to keep deals alive. The biggest fear a salesperson has a deal would die. Working with somebody, even only for short term, even with democrats keeps the deal alive and i thought that was very smart. Neil one of the things i like about mark cuban, a lot of people dont like him, he is always bashing donald trump. He isnt always bashing donald trump. When he sees something he likes he says that he is pretty fair and balanced billionaire dude. He says the debt deal was good idea. Moves the ball forward. Mick mulvaney says might allow for a tax cut program enacted by end of the year, who knows, retro of course tiff to the beginning of the year. That is possible. The president will outline all of that. He is with the emir of kuwait. That will come up as well as storm barreling down on florida. Trish regan to take you through that. Trish as always a lot going on. Thank you, neil. Youre looking live picture from the white house right now. It is a joint News Conference with the emir of kuwait. That will happen any moment and we are going to it as just as soon as it begins. It comes the day after the president struck that deal with the democrats to fund our government, raise the debt ceiling, to provide muchneeded aid to Hurricane Harvey victims. Im trish regan, welcome to the intelligence report. As we wait democrats for trump, andrew stein. Ford oconnell and pablo