Transcripts For FBC Cavuto Coast To Coast 20171024

Have quite frankly, they have, they have more broader powers and they oversee basically all of government where our on our side we have the classified side. That is one of challenges i think a lot of our members did not know. Because we are the holder of the place where you can bring top secret information were working with folks who have been bringing us information over the last several months. Reporter [inaudible] yeah. So i didnt see the interview but im not sure that, i dont think anybody has reported on the fact of this investigation or this inquiry moving forward until just now. As far as i know no one knew about that. Reporter [inaudible]. Said exclusively the democratic leader nancy pelosi, steny hoyer is not the person filing. This looks like more of a fishing expedition to democrats. What will it do for any remnants of bipartisanship on either your committee or the Oversight Committee . Well our job here is to get the facts. Were the legislative branch of government. Well do just that as it relates to the court filing yesterday i will refer you to the house general counsel for those questions. Yes, sir. Reporter how is your involvement do for stepping back from russianrelated investigation. I can present to you, guys, the fact is i would report back to the facts. I refer to the statement i made originally. If you would like more information i will be glad to sit down with you. Reporter anyone from the white house been in contact about this investigation . No. I have not talked to anyone at the white house about this. I dont know if peter or ron have, this is basically based off of our conversations with informants over the last several months. Reporter do you feel this is separate from the Russian Investigation going on . The current Russian Investigation is about the election. This is more about uranium and whether or not government actually functioned properly. People are out there saying they didnt know. That raise as whole set of questions if cfius didnt know and geithner sending a letter and acknowledging mr. Keanes letter, it raises a lot of questions. It is possible there was no fbi or doj investigation going on. That is possible. Were not jumping to any conclusions. Well get the facts. Reporter [inaudible]. Wells, first of all if you would like, like i said i will be glad to sit down with you. I refer you to the statement iorg untilly sent out as my relationship with the Russian Investigation. Like i said, i can by you the facts. You guys can write what you write but sometimes if you write opinion, that is not based on fact. That is not what i said at the time, and i would prefer if you nice stop referring to that but i cant control what you guys write, nor am i going to try. One more question, yes, sir. Reporter [inaudible]. Yeah, well its all, it is always because of new information come to light. What we didnt know, well, and we still dont know, was there an open fbi investigation or not back in 2010 . Thats what were aiming to find out. Mr. King . Reporter [inaudible] let me say on this is totally separate from the election issue. This has nothing to do with the 2016 election. This goes back to dealings went on in 2010, 2011 and 2012. Going pack to that time. Not anything to do with the russian election. We had no knowledge of any investigation going on. We were questioning policy of why 20 of america, u. S. s uranium supplies is given to russians, russianowned company. We were not considering any criminal activity, any investigatory matter this is strictly this is policy issue. Geithner bite back to us looked at cfius where he sits on board. We had policy questions at that time. Didnt make sense to us. In view of recent events, important to to forward the investigation. One more question . You look like a guy that knows how to read. I go back and read the statement i said at the time. One more question. Back there. Reporter hadnt talked to white house. Have you committed you will not talk to the white house in this instance . I mean i dont know, were going to have to talk to the executive branch at some point in order to get information from doj or fbi. I dont know. Reporter [inaudible] if appropriate, yeah. Final question. Reporter talking to former obama administrations up to and including at this time it is premature. Let us first determine whether or not there was on open investigation by fbi or doj. And then well get back to you with more information. Thanks, guys. We got work to do. See ya. Neil all right. The president , were going to be hearing from at the white house very shortly here, whether he responds to any of these developments is anyones guess. There is renewed effort to find out more about the russian uranium deal where russians were able to extract concessions from the obama administration, in return for uranium shipments. Money made available to to the Clinton Foundation. Hillary clinton poopooed there was any talk about payforplay. Now the president. Were talking about reciprocal trade. Wilbur, were talking about many trade deals that treated our country unfairly for many years. Nobody even understood it. They didnt didnt understand what was going on there. Were started certain trade deals. We started process for others. It is a actually a long process as you know. You have statutory requirements and lots of other things, the bottom line, step by step. Were getting it done and were way ahead of schedule i would say. Yes, we are. We started with nafta. We see how that turns out. It may not turn out. If it doesnt turn out well have to do a new nafta or new deal. Well see how it turns out. Thank you, im honored and thrilled to be with you this morning at the white house and ovaloffs is very special place. I assume every one of you have been in the Oval Office Many times, right . It is an honor to have you now, i can tell you that i want to congratulate every one of businessmen and women in this room and all that you have achieved, incredible stories. Each of you has just a remarkable past and i think an even more remarkable future. I feel that. Does everybody feel that by the way . I think so. Especially with trump as your president. [laughter]. Each of you represent a critical american industry from construction to technology to manufacturing but you all share in a common will and drive to succeed, and i salute you for that. You need that drive to be successful. Minority owned businesses employ 8 Million People and 20 trillion in Economic Annual output. The work you today, and Economic Services you bring generate new prosperity across america. For that were in your debt. You inspire our children to develop their talents and to always chase their dreams. You carry on our nations proud legacy of innovation. You breathe new life into the american spirit. A recent department of labor report showed the fewest jobless claims since 1973. Think of that. 1973. We just had a report, we have the fewest jobless claims. My administration i dont think the press, i tell that, the only way i get the word out there if i say it because they will never say it. My administration is deeply committed to empowering minority business owners. Were working to lift government barriers, so that you can thrive, prosper and grow. Speaking of growing, our stock market hit another record high. Highest it has ever been in history by far. Weve created about 5. 4 trillion only in stock market value. 5. 4 trillion, and were very happy about it. And a lot of jobs. We have the lowest job numbers since i believe, 16, to 17 years, right, wilbur . Yes. Low unemployment, were doing really well, which makes it better for you. As a candidate for president i pledged to fight to deliver opportunity for every community in america. All American Children from the rust belt to our inner cities deserve great schools, safe neighborhoods and access to highpaying jobs and i talked a lot about the innercities on the campaign. There is tremendous potential in innercity, and were working on that very, very hard. Critical to creating this future is reforming our tax code to produce new investment and development in our country. We must bring back our jobs and rebuild americas cities and towns, which is with were doing. Time to take care of our country, and fight for our families. At the center of our America First agenda is our commitment to insure every child in america has a future of security and a future of hope. We are one of the highesttaxed nations in the world, anywhere in the world, one of the highest taxed, cost us millions of jobs and trillions and trillions of dollars. Our tax cuts will lower the crushing tax burden on the American People. It will bring back, if we get this passed i believe we will, we have to as a country it, will bring back i will say 4 trillion back into this country which right now can not come back. It is being spent in other countries. Money that wants to come back into the United States can not come back but under our plan, that money will flow back in. It will be very quick, and it will be very easy. Its a lot of money. Nobody even knows the amount. It was 2 1 2 trillion dollars a few years ago. So i would say now it has to be close to 4 trillion or maybe above that number. Well find out soon because it will come back very, very rapidly. Under our plan for than 30 million americans who own Small Businesses will get a 40 cut to the top marginal tax rate. This will be the lowest rate in more than 80 years. This will be the lowest rate you have in more than 80 years. That is 1931 is the last time there was a rate this low. Were going to massively reduce the Corporate Tax so that Companies Stay in america, move to america, and hire right here in america. In other words, they stay in america and they dont fire their workers. That is with were about. Our plan can be summarized in three simple words, jobs, jobs, jobs. The Award Winning Business Leaders here represent the best of america and our determination to succeed and to grow. Together were going to insure that more american citizens can unlock their potential which they have tremendous potential, provide for their families and live out the american dream. Again, congratulations to all of the awardees. Its a tremendous achievement, really a tremendous achievement. I have gait respect for you. God bless you and god bless america. Thank you very much. [shouting questions] thanks very much, everybody. Neil the president using this opportunity to talk his tax plan and trade and trying to restart nafta, restart any sort of trade agreement here. He will be busy today, later on meeting with republicans up on capitol hill, including senator bob corker with whom he is exchanging pretty nasty words. Corker was commenting on that a little it about earlier. Take a look. And look, ive seen no evolution in an upward way. As a matter of fact, i would say appears to me, almost devolving, but, look, you know, everybody has their own opinion about that around the world someone of this mentality, or as president of the United States is something that is, i think debasing to our country and neil all right. Connell mcshane on capitol hill right now. Obviously theyre building up the drama ahead of this powwow on capitol hill. Wouldnt it be a kicker if ends up senator corker is seated next to the president but what are you hearing . Reporter fly on the wall. It is interesting, neil, we expect the president up here in the hour for lunch with senators. Senator corker will be among senators on hand there. After those comments made on television this morning, the president started tweeting about the senator, and in a short report like this i dont know we have enough time to go through all of the tweets but i will give you a short summary of the exchange. President trump starting with bob corker who helped president o give us the bad iran deal and couldnt get elected dog catcher in tennessee is now fighting tax cuts. That led to a response from the senator, via his own twitter account, same untruths from an utterly untruthful president , with a hashtag, alert the daycare staff. Corker has been factchecking President Trump on iran claims because he actually voted the iran deal. The day care reference, you might remember all of this, senator corker referred to the white house as an Adult Daycare Center not longing a. One more from the president of isnt it satellite weight bob corker who couldnt get reelected in the great state of tennessee will fight the tax cuts. That gives you an idea what are dealing with ahead of this hundred. Senator corker said if he had to do it all over again he would not vote for President Trump. The pressing questions for republicans on the hill, will any of this have impact on the tax reform effort . Speaker of the house, paul ryan and others come out this morning it will not. It does, however, if i have some new context to comments that President Trump made recently in his interview with our own maria bartiromo. Watch again. Obviously the feuding with senator corker, i think there is a personal thing going on between you and senator mccain. Do you worry that this bickering and feuding gets in the way of your agenda . No. Sometimes it helps, to be honest with you. Well see what happens in the end. I think actually sometimes it helps. Reporter that will be put to the test, whether or not it actually helps, neil. As you know there is little margin of error for this. There are 52 republican senators. 48 caulk with us with democrats. Health concerns that come up with two republicans. Rand paul voted against the budget. Keep that in the back of your head. This feud that continues between President Trump and senator corker. Lunch will be served here within the hour. Neil it will. That alone is interesting. Thank you very much. Our friend connell mcshane. Investors dont think this will disrupt any potential tax deal. Earnings news ahead of dow heavyweights, caterpillar and 3m are certainly helping. Mcdonalds as well. Most optimistic tax reform, more importantly tax cuts i think were beyond the reform talk will get done, maybe soon as this year. Charlie gasparino, following it all closely. What do you think of the back and forth . When was last time it helped these feuds . Is there instance that it helps . Neil especially exchanging he started it. When he says something is like that, the followup question should be, can you give me one example where it helped . I dont think that the president could come up with an example because there isnt any example where this sort of intraparty feuding at this level actually helps. Neil it is worrying the leadership theyre saying look, lets concentrate on this even if we hate each other get this right. Listen, what he has got going for him, what the gop with taxes, why the market is pretty optimistic something is going to be done, particularly Corporate Tax, i dont think the market is very focused on the individual tax cuts, because lets face it, there will not be a lot from what i understand. There will be maybe a middle class tax cut. Middle class doesnt pay that much in federal taxes. Neil rich could end up paying more. The rich, from what i understand, millionaires are getting zero. There will be five brackets. Neil by the way you take deductions away, some of them could end up paying more. I think they could. I dont think they could take many deductions. One deduction is meanstested i heard will be state and local Tax Deduction. If youre a millionaire you might not get the full monty on that. Neil right. That is some of the stuff theyre playing with. Neil why it is important to think of this if their rate stays at 39. 6 and they lose a chunk of that deduction they will pay more. They will pay more,. Neil they benefit from lower tax rates. Capital gains. Neil capital gains. Corporate tax rates. That is reality. I dont though if it sunk in. I dont think the markets care. I think cutting taxes for everybody is good for the economy. There wont be much of a fiscal stimulus on the individual tax cuts under this plan. Where you get fiscal stimulus, why markets are optimistic is on 20 Corporate Tax rate, something in that area with deductions remaining as they are now which will take down our Corporate Tax rate on federal level from 35 to Something Like 20, 25, plus deductions. That puts us pretty competitive with the world and given the fact we have decent earnings now, we have low low Interest Rates, probably have a fed chair will be yellen or Jerome Powell, well see what trump says. Maybe i heard lou has an interview with him. A lot of people in the market are talking about that, he may disclose in that interview, i heard from three traders today, what his fed chair preference is, that will be interesting. Neil okay. If one easy money types like Jerome Powell or stays with yellen, i think he will go with powell, that is my guess. Neil really . I think that is why the markets are positive. Heres the thing. Lets say there is republican revolt, establishment revolt against bannon trump, going after these guys, fight back and start screwing them on taxes. Neil they hurt themselves, wouldnt they . John mccain doesnt care. Corker is leaving. Some of the other ones are in safe districts. An theyre saying, if it is us or him, lets screw him. Neil well bring that up with the next fellow. Thank you very much, my friend. Im talking about North Carolina Senate Judiciary member, thom tillis. Good to have you you. Good to be with you, neil. Neil is there antipathy, that people are getting tired of the seems like childness between senator corker and the president , that it is not productive and it has to stop . Youre right being not productive. It is unneeded distraction. One thing i will disagree with the prior discussion, were here to produce a result for the American People, and that result has to be tax reform. So the discussions were having well have at lunch today, continue have how do we fulfill the promise getting Corporate Tax rate down, business, at thats down, economy growing, i dont care who is in the white house. What is being discussed were focused on strategy. Neil do you remember a time where a president lashed out a at some. Within his own party and furthermore, someone within the own party lashed out as at a president to the degree this devolved is . No, i dont. I think at some point we need to get back again to the task at hand. I dont think weve seen it. I think this president appealed to a broad base of people in the last election that heard him say he wants to produce a result. But what we dont want to do is have that devolve into gridlock when republicans have the white house, they have congress and we have an opportunity to get meaningful tax reform done. Then we got to bet back on health care which is something i wish we had done in august, didnt get it done. That problem hasnt gone away either. Neil do you envies any problems with this luncheon with the president being there and senator corker . No i dont think so. I will bring popcorn. That interesting thing to watch. Getting people in the room, talking about it, we get out of the twitter and social media personas and to people in a room who still are unified in our need to produce tax reform. I think that is at lunch most will be discussed. Neil long before the twitter feud, senator, senator corker was considered one of those deficit hawks, concerned about spending too much, whether it was on tax cuts or programs. Given the fact that the Senate Budget blueprint allocates 1. 5 trillion in revenues for tax cuts and right now the going tab on the tax cuts that are out there is close to 5 trillion, how do you make that up . Well, a part of it is going to be through removing some of the exceptions and exemptions that theyre working on right now, the finance committee and in cooperation with the budget committee. That is how you make some of it up. Part of the way you make it up, by having very clear models for how the economy is going to respond and to what extent we can count on that revenue filling the gap. Were going through it right now but it will be a combination of those two levers to get to the right place t cant be all of one or the other. Neil so you build in a little bit of growth i guess. I think it was your colleague senator portman from ohio said minimum expectations of. 4 of a percent added growth. If you grow much more than that, that is all, with cream i guess but what would you remove . President said he is dead set against removing tax benefits behind 401 k s. There is battle back and forth whether you stage or do in stages this deduction for state and local taxes that a lot of hightaxed states dont really like that much. What would it be . I think it has to be a combination of all of the above. I consistently, i think to the consternation of some of my friend have said that im not willing to take anything off the table until we sit down and model the specifics of a package and it will have to be a carefullycrafted compromise. If we dont go in with that in mind, well marginalize what we can do. I have been there an done that before in North Carolina. Nobody disputes the positive results by us being disciplined, making some changes to exceptions, exemptions, deductions but in the whole creating something that gets the economy moving. Then everybody can look at this, they can go back to their businesses and go back to the sectors to model for themselves. I believe most will be happy with what they see, if we dont start pulling things off the table before the final deal is struck. Neil senator, thank you very much, good luck at meeting. Thank you. Thank you. Neil remember Michael Grimm, former Staten Island congressman . He is back. After a stint in the big house, he is looking to return, to the house, the house of representatives. His fight to unseat an incumbent republican with the blessings of one steve bannon, after this. Hi, im the internet you know whats difficult . Armless bowling. You got this, jimmy you know whats easy . Building your website with godaddy. Pick a domain name. Choose a design. You can build a website in under an hour. Now thats a strike get your domain today and get a free trial of gocentral. Build a better website in under an hour. I love you. Looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Neil all right. Steve bannon is backing a lot of campaigns against republican incumbents, in fact he likes the feisty guys, those that shake up system. Including my next guest, former congressman Michael Grimm who is waging a campaign against an incumbent already in office, congressman donovan, who we will have later on as well. Congressman grimm, good to see you. Thank you for having me. Neil why are you doing this. At its core, same reason i enlisted in the marine corps, volunteered for combat and same reason i joined fbi and went deep undercover, i love this country with all my heart and give my life for it. But i wouldnt be doing it now if my opponent donovan was doing a good job. Early on he made a big decision that the president would be popular, went far to the left, never expect ad primary. Now that i thrown my hat in the ring he is is moving to the right. He voted against repeal and replace. He voted against the sanctuary city bill. Been for amnesty. Now saying Border Security is important. But he wasnt saying that before i entered the race. He alienated core base and put the seat in jeopardy. So if neil do you believe youre the guy to challenge that . I mean, you spent eight months in the slammer for tax fraud. How are you going to explain that, and to your constituency that might just say, we gave you a chance. We moved on . Ill tell you exactly how. The reception ive been getting, all over Staten Island which my opponent stands up. He never wanted to be congressman. It fell in his lap. I always wanted to be congressman. They see what it is. Three delivery boys and dishwashers off the books is civil matter, not a crime. But for corruption Obama Justice department. They know a political witchhunt. Neil you still feel you did nothing wrong . I believe i did a civil wrong, deserveds absolutely. No criminal at all. Why . Im the first person in history of new york city as Restaurant Owner to be criminalized. Everyone else, over 10,000 Restaurant Owners had gotten civil fines for the exact same conduct. People in Staten Island and brooklyn know that. You talk about, the appeal that you have with the steve bannon. How did steve bannon reach out to you or you to see bannon . Through michael caputo. Neil okay. And that was, an effort to say look, we have this kind of rabblerouser. Present republican incumbent is not a rabblerouser, but a lost leaders in Congress Might be averse should you win to come back they were adverse from day one. When i first ran in 2010 i was told to get out of here. We dont want to support you. You cant win. I was told testifying under the sun. I literally was one of east effective members in congress. I have National Legislation as law of land. My opponent has not passed one substantive bill. Neil dont you have same baggage he would . You said recently about votes you were there, i know there were some votes i took that were bad. I was trying to please some people. Now i have no one to answer to. If im elected, youll get the real deal, Michael Grimm. I dont give, whatever. First of all that is not an accurate quote. I didnt say that. Neil that is what i got. You have fake news out there i cant do anything about. Neil you didnt say that at all . I said i dont give damn. I never used expletive. I said i dont give a damn. They asked me why my conservative rate of something down. First of all look at the votes. Superstorm sandy cost a lot of money. Conservative groups marked me down because i was spending too much on my district. I would do that again twice on sunday. My district needed help, people from sandy were devastated. I did my job. I got it done. Into the insurance was National Legislation. That was a lot of money. Conservative groups i fought them all and one. I think steve bannon doesnt see a rabblerouser im a warrior. Neil have you heard from the president. I havent heard from the president. Neil do you think the president wants hands off on this race . He is urge ad by a lot of Republican Leaders go slow on this primary challenge thing to incumbents . I think overall in general the president is likely to not get involved in primaries, not specifically my primary. That is probably smart politics for the president. One thing that i think that the president knows is that im not just a fighter. Anyone can go and fight the fight. I actually win. I succeed. I get the job done. The president needs someone with a backbone. Someone who is not weak and feckless to get his agenda passed. That is the person i am. President knows that. Once im elected i think the president will embrace that. Neil are you worried you could divide the republican vote and democrat walzs in . You feel strongly what youre doing but kill the party doing it . That is funny. That is absolutely absurd and ridiculous and people that say that no absolutely nothing about campaigns n 2010, i had a primary riff. That primary brought the Party Together when i won. I won overwhelmingly against michael algretti from brooklyn. The party backed my opponent in the primary. We all came together. Neil do you think as congressman it wouldnt be one of these things where you divide the vote or bitterness . It builds momentum. Listen i have yet to lose to an incumbent. My opponent has not had a race his entire year. I work my campaign hard. People know me. People feel comfortable with me. They know beyond the salacious headlines im a guy that actually cares about getting the job done. Their families can count on me, not just some of the time but all of the time. Neil will you guys have debates . I would have one right now on this show but i know for a fact he will not debate me. I know that. Neil you dont know for sure. I will bet you anything . Sure. Neil president and president corker going at it, the tweets all of that, whatever your views on either individual is that property . Listen, im not going to start secondguessing the president. What i think youre seeing and because i was neil on part of either one . I see this situation in much smaller scale. I was never involved in politics a day in my life i ran for congress. Everyone said you cant run for congress, you dont know anything, blah, blah. I came in things my own way. I got so much push back. That is not how things are done. You see a businessman has a good denned today, has foresight to know what American People into evidence and want. He is extremely frustrated congress not getting it done. There should be consequences. If you didnt support the president on repeal and replace, didnt support him on sanctuary cities, and not support him on tax reform you need to get out of the way with a stronger member of congress out there, especially congressman. Neil you would let critics punch him down even though his people say corker started it . I wish there were no acrimony neil do you tweet . I tweet. Minot nearly as conversal but i think we have a man in the white house, a businessman used to getting things done and his frustration is lay down a marker get your act together. Seven years of repeal and replace they dont have a bill ready . No excuse for that. Our president has a right to be frustrated. Neil Michael Grimm. The incumbent congressman he will try to topple, congressman donovan, fair and balanced. What happens if the talks dont pan out, to the congressmans point if somehow republicans cant get their act together . After this. Neil. This is amazing. We are at or near session ice. A lot of you said this is meltup. This frenetic buying continues unabated nonstop, i heard a interesting statistic from our own wicked lizzie macdonald. 242 days not down at least 3 . That tells it breadth of this rally. Ease climb of four 1000 point levels. Were not done with it, if you think about it. Daily caller foundation editorinchief and John Layfield. John, markets are following this base on at minimum of tax cuts get through or betterthanexpected earnings, caterpillar, 3m or combination of all . Tax cuts will get done. Were at record profitability for corporations that will only help. I always say president s dont make markets, president s dont make markets. Were 103 months into this rally, markets moved up because of earnings growth. If you use same earnings growth, 23 times where we are now, projected to 2018 that is s p at 3200. It is all about earnings growth. Neil wait a minute, alan, youre telling the president of United States he is not the reason for this runup . You said that. Neil sad, sad. The previous president , was he responsible for the 200 runup . That is the question you have to ask yourself. Neil someone is a hater. John layfield, im kidding here by the way, is it your sense here that the flip happens . Lets say whether this rally is inspired by tax cuts or not, then losing them or not appearing is going to ding the market . Yes. I agree with that completely. I also agree most of this rally has been corporate earnings. The dow is up 28 since the president was elected. S p up 20 . Since the august break neil how alan glossed over that. Didnt make reference to it. But go ahead. Since august break, i agree, 90 of what he is saying. I just think the tax cuts are a big part of it. I think it is 10 right now. The way i get numbers, 6 to 8 since august recess. Market has been up because i say most of that tax cuts look like they will happen and july 4th deadline that Congress Lied about, didnt get it done. Some is baked into that. If we dont have them i think market is down, 10 to 15 . Neil chris bedford, they are watching the republican meeting they will have with all the drama with corker and that, is it certain he will secure 50 votes regardless of Market Impact . Im not so sure it is. Corker was dicey vote long before feuding with the president. He is deficit hawk. I assume he still is. There is a lot in the tax package raising questions whether the deficit is helped or hurt, but i could see him voting no. What do you think . I could see him voting no as well. You have a pretty ambitious tax reform here. 1. 5 trillion in deficit additions theyre able to deal with here. That is tighter box than theyre wanting to work with. Paul ryan will get it through. He will get it through early november. He got through most of president s agenda. Neil what happens in the senate . What happens in the senate is we already have rand paul is probably a no. If he gets into another fight with Lindsey Graham and john mccain busting through spending caps. Bob corker has not sent positive signs to the white house. The white house has not sent positive signs back we saw this morning that he will be on board tax reform. Mitch mcconnell is in really tight box here. It could die there for certain. Neil alan, do you worry about a trade deal, black Swan Development that falls apart . President said nafta is going nowhere fast and some plan torpedoes this. I dont think. I think the market digested any possibility as far as policy change or contemplation by the president. So i dont think so. One thing i am focused on, were talking about a rate hike in december, but there will not be a another rate hike according to what markets tell us until june. We have 50 50 chance in june. That will keep catalyst of low rates keep that in place. That will help out earnings. I think that is really what focus is. Youre seeing that again this week. Neil quickly, John Layfield the worst pick the president could make for the markets for the fed . Who would it be. Would think it will be same. I like powers or yellen which i dont think he will do. I think we stay in low Interest Rate environment and that benefits the stork market significantly. Neil thank you guys, very, very much. Meanwhile the House Intel Committee is expanding probe, not what the president knew or his staff or colluding with russia and what the Prior Administration was doing with russia and former secretary of state and a family named clinton, after this. Oooooohhh you stopped youre gonna leave me back here at year 9 . How did this happen . It turned out, a lot of people fell short, of even the average length of retirement. We have to think about not when we expect to live to, but when we could live to. Lets plan for income that lasts all our years in retirement. Prudential. Bring your challenges. Okay, i picked out my dream car. Nows the really fun part. Choosing the color, the wheels, the interior, everything exactly how i want it. Heres the thing just because i configured this car online doesnt mean it really exists at a dealership, but with truecar, i get real pricing on actual cars in my area. I see what others paid for them, and they show me the ones that match the car i want, so i know i can go to a truecarcertified dealer and itll be right there waiting for me. Today, right now. This is truecar. Neil all right, the president soon en route to the United States capitol here. He will discuss tax cuts with republican senators including senator bob corker. They have had another nasty exchange. Were keeping an eye on the United States debt clock. Maya maginnis, citizens for responsible post government, what is nasty about may i cant, she criticizes both parties for doing the ball on this. She is equal opportunity basher for those with not fiscal prudence. Good to have you. Nice to be here. I feel there may be a lot of bashing in ask todays discussion. Sad. Neil sat. There may be a opening president might find with congressman, senators all to agree on tax cuts period. The drama and personalities notwithstanding, the votes look like they could be there. It is no guarranty. But looks like they could be there but youre worried about some simple math issues, right . They have allocated 1 1 2 trillion dollars the next 10 years on tax cuts but tax cuts on the table right now are closer to 5 trillion, that is a big difference, isnt it . There are two simple math issues were dealing with. The first one the budget about to get passed out of the house this year, will let this 1 1 2 trillion dollar tax cut let the tax cut move forward. This budget, keep in mind this is not a what you keep in mind of republican budget, the budget never balances, increases, spending increases debt. That is what the republican budget will be, no spending cuts, no entitlement reform, no balancing the budget, no getting the debt under control. That is massive shift from the republican party. Youre not in the camp these cuts, even someone conservative as rob portman say this will add. 4 of a to gdp growth goes along way to paying for cuts . I buy some of that. These cuts will grow the quon my. What is happening, rob portman, rob portman is not one of them, a lot of people are exaggerating the amount of growth that come out of it. First we have to see what the tax cut looks like before we say how much growth it will generate. B, somewhat conservative, models, not politicized models to figure out what the growth is, and to ahead build that into our understanding, not exaggerate it, click our heels three times and wish for mammoths amount of growth to fill in the gap. That goes to the second point if we cut taxes by 5 to 5. 5 trillion, they have 1 1 2 trillion dollars of borrowing as part of that, a huge problem, but that is what theyre giving themselves, they are not willing to find the offsets to get you to 1 1 2 trillion dollars. Every base broadenner people bring up, lobbyists, people who benefit from it, the massive outcry, oh, we cant reform this tax break or this tax break, means all payfors are getting watered down. You even have the president tweeting well not do this, well not do that. He is not somebody who embraces hard choices when it comes to fiscal policy. The base broadening key to making tax reform really work, where the hard choices come in is not a big part of the tax deal weve seen so far, and it is critical for offsetting some of the costs. Neil go ahead. Growth is great. Growth will happen. Lets not exaggerate. Growth will generate a couple hundred billion dollars in additional revenues, we hope. That would be terrific. We need to do everything we can to grow the economy. We dont need to pretend. Neil a lot we dont know, maya, the president is arriving on capitol hill right now. I dont know how the meeting will go. Right. Neil he preremoved debating points, that is pretty clumsy wording on my part, what started this senator corker saying that the president should have have left a lot of details to this to committees going back and forth how to pay for this sort of thing, like the state and local Tax Deduction or generous tax allowances for four owe bun K Investments and like. By the president , certainly on the 401 k , leave it alone, he is limiting their options, but maybe he is subscribing to the belief, look, i dont have to pay for this tax cut. Bottom line is, that the growth will be there, if you want to limit a tax cut by whether you could pay for it or not, you might as well not have it, because it will not do much good. What do you say . I say the president doesnt make hard choices. When he ran for this office he talked about cutting taxes, increasing spending and not reforming our entitlement programs, Social Security and medicare which we have to do. Hose numbers dont add up. That is translating where we are now. Where again we can reform the tax code in a way that will grow the economy, there are plenty of models out there, dave camp, former chairman of the house ways and Means Committee had a tax reform bill, there were seven different models that showed how much dynamically scored you could get gains from that. Look at those models, take responsible estimates, not make them up what really worries me some of the numbers coming out of the white house and other places this can more than pay for itself is higher than anyone thinks it is credible. We should be conserve conservative with record debt we have. Neil president was watching in the car and tweeted, maya sad. No, he did not. President is on capitol hill with Mitch Mcconnell. He will make the sale now. 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Is what it does pass, which i really believe we will, we have to as a country it is going to bring back i was a 4 trillion back into this country, which right now cant come back. Its been spent in other countries. Money that wants to come back into the United States cannot combat but under our plan that money will flow back in. It will be very quick and very easy. Drew do alright. Part of the president s argument is a tax thats not because they will not only pay for themselves , more bang for the buck especially with the tax forgiveness, that can bring trillions back here that will do a lot of good assuming the companies they get the benefit and all of that, the wall Street Community is spying on the optimism right now is such a higher bidder than to. 5 points up on the day. We are not that far by the way from 23,500. It has been what they call a lot of phonetic writing largely uninterrupted as Liz Macdonald pointed out for the better part of 242 days where we havent had so much as a 3 loftier. That is weird. And that gives you an idea of the optimism. Speaker paul ryan saved the drama around certain views including what the president and bob worker, much overdone. Take a look. I dont think it changes our efforts on tax reform. Bob has supported the budget and the president wants to get tax reform. Trade to look back their differences when they meet in the chamber. The president arrived on capitol hill right now and will meet with all 52 republicans, including bob corker, including john mccain, including rand paul from the three big names that come up with some serious concern about tax cut, but more with the president of the 90s a stem cell. Whether they are although both, anyones guess to bush 43 chief of staff karl rove. I know things can be tense, but when you make of that . The president arriving on capitol hill a short time ago. How do you think this is all going to go . Look, they are not going to get into the details of it, but its a chance for the president to set the tone, that hell be out there making the case. Its a chance for them to sort of let him know what it is they would like him to do to be helpful. Treated to do really think shes going to have their back . I wonder about that. Its interesting. A week ago he met with Mitch Mcconnell and shortly thereafter he called three of the senators who are up in 2018 who are likely to draw steve cnn and opponents and he said deb fisher and robert wicker and each one of them im for you. Ill endorse you want to be helpful to you. I thought that was a smart move on his part. Look, we are going to treat this as a big event. This is part of a bigger process in which the president hopefully, hes a good schmoozer and this is the point of which is in the same to them, we are all in this together. Your success in my success in 2018 at the polls is going to be determined by whether we get big things done. We didnt do so well on repeal and replace, but this thing we can get it done in it so we will be on better footing for 2018. If not were in deep trouble. Hes got to find the right way to say that, but that message, theres nothing like political defeat, the prospect of political defeat or six testing in the balance to focus the minds of people in public office. Drink do you have a different focus if youre john mccain, bob corker, right . You dont think that way, right . Im not certain. I think the benefit of the dow, which is they are not going to be acting on the tax cut. They may have at it earlier, they may be involved in a little bit of a twitter war. None of that is important that its so big that from what i hear on the hill theres a recognition that they dont get involved in the personal stuff. There are going to be some serious policy arguments and i want to come back at the personal is going to diminish or at least i hope it does. Neil i dont think it will. I know youre the expert but ive read the prompter so i qualify and ill tell you why because it never does. If anything, the white house to send bob corker does the latest round by going after the president and giving away what Tax Committee should be dealing with when it comes to matters to pay for the tax cuts and what have you. All i say its why should the president engage that because its a touching down new leader of the free world. Totally agree. The president is one. Every senator, every house member is entitled to have an opinion. If they get them in front of the camera come in the last person not to react as president of the United States because theres always going to be another vote, another issue where you need their support and youre right. The president is the president. When he reacts to that kind of thing. How did you advise president bush . I understand on the right and left the colleague said something nasty in their own party, hes going to get upset. I mean, how come it did you ever counsel him, sir, maybe just ignore that, write a nasty letter, put it in a drawer. I was a hothead who is a darn it, they are saying something ugly and he was the guy who was serene. He got the idea about it. If you do Say Something to somebody, he would publicly. He would say privately and he wouldnt say it out of anger. He would say out of disappointment. You know, we were friends. It was really disappointed how you said that if we can find a way to get past this. That is a powerful thing coming from the president of the United States. But you cant absorb it and if you do observe it in the right way paris went at him in the white house mess over breakfast with a member of the house leadership who was angry we had taken a position that we should not earmark and he gave it to me in the middle of this relatively small white house mess at breakfast. He was losing his temper in everything around us is sort of semihorrified at it and he read me the riot act. Aa, we became very close friend and remain to this day and the economy was one of president bushs greatest allies. You know, you can take this stuff personally because if you do, it is completely and can start date. There are big challenges, big disagreements. Do think were going to get it . I do. Lets not kid ourselves. The deficit hawks, my as one of them versus supplysiders. Progrowth versus the familyfriendly parts of it. This attention over that. Top marginal rates, should we leave it alone, razor, lower it . Sabah state and local taxes aired a whole bunch of issues that have to be resolved and its going to require good faith on everybodys part to get it done. The president can set the tone by saying weve got to get this done and i want to work with you to get it done. Neil carl come you might have a future of this political analysis. Im just throwing it out there for something you can pursue. Thank you, sir. Thank you very much. Karl rove, bestselling author. Republicans are trying to get democrats on board too just in case they lose more. Chairman dan mitchell, Political Correspondent janine burley. Rachel, how likely is it that democrats will vote for this with all the allowances and overtures republicans seem to be making to get them to vote for this, including a new bracket for the rich and what have you. I think its definitely an uphill battle. A couple minutes ago minority leader Chuck Schumer was on the senate floor against the tax bill citing a study by the Tax Policy Center that fed the richest 1 are going to get 80 of the tax benefit. Reality is the president will never get someone like Chuck Schumer on board with this. However, perhaps maybe they might have a chance to get a more moderate democrat from states that actually went for trump like joe manchin from West Virginia for Heidi Heitkamp from south dakota. That potentially is a possibility. Again, i still think its an uphill battle. Neil i kind of agree with that. Those two, senator manchin defender heitkamp run record a piece of me not too long ago, as they stand now, no. That could change. But i dont know. I think its a real uphill battle to try to give those are what they are. The one thing we know about democrats is that unify no matter what. But the democrats dont want is for President Trumps tax policy to be a success because what this means is more americans will have more money in their pockets. That means companies, businesses will be able to reinvent the extra money in their businesses, to hire more people, increase wages which will help the class americans. And so, they dont want to see President Trump be successful when it comes to cutting taxes because anyone who is up for reelection in 2018 the democrats come and they have to explain to constituents why they didnt support these initiatives for a tax cut, for tax reform, which is putting more money in the hands of hardworking americans. Dream do all i know now is the 1. 5 trillion set aside for budget tax cuts over the next 10 years is dwarfed by the cost of those tax cuts now closer to 5 trillion that god camino, find a way to narrow that gap. Will they, can they . Is it even important that they do . You are right. They basically have an nfl linemans body and youre trying to squeeze him into peewee herman clothes. Something has to give. Neil about the critter on that, but go ahead. Something has to give. Controlling government spending. I want to write something about whether democrat can come on board. If you go back to 1980, lloyd bentsen, democratic senator from texas who issued the initial supplyside report from the joint Economic Committee and then you had democrats in 1986 working with republicans. Neil you are right. Certainly bipartisan history. Heres the problem. There are no more moderate democrat but the tiny handful rachel mentioned here rachel mentioned. Maybe you can turn mccaskill in donnelley another potential gas if they feel a lot of political pressure. Dont forget democrats are afraid of Bernie Sanders challenges under primaries. When they get a sense of what you think is going on behind closed doors and 52 republican senators in the president including those who had a bit of an acrimonious relationship with the president , certainly senator bob corker, certainly senator john mccain. You know, senators are known for being pretty blonde in terms of issues they might have with the president. It is like trying to get Speaker Paul Ryan or any members to respond to a controversial tweed that the president put out is like pulling teeth. And the senate, bob corker i wouldnt be surprised if there were very blunt exchanges going on right now. They want the president to let go of the fighting and just concentrate on the tax bill. We will see a tax bill next week in nevada have the president on board and have their messaging together if they have a prayer of getting this done. I wouldnt be surprised if some members are privately pressing him to drop some of these controversial things hes been saying. Also going back to the gold star families is distracted a lot of people from what theyre trying to do on the hill. My guess is that this sort of a call to that. Trade to you might be right. The white house has been saying we were laying low and everything am out of nowhere senator corker goes after the president on leaving the details for the committees, clearly saying they have taken away the negotiating power and got nastier and nastier. Do you think that senator corker now, given the bad blood, word on that basis alone vote no or his history wanting to make sure everything is paid for is going to ultimately rule the day . Is that to me coming out . We really dont know where corker will stand. What we are seeing from President Trump is that hes on offense when it comes to the comments ive corker has been making on liberal networks and also the comments that he made about the white house being somewhat of a nursing home. But President Trump is doing is pushing back, going offense. One of the reasons he was able to the 17 candidates during his 2016 election. Americans are watching, waving, seeing how representatives are acting in the comments they are making and what americans want lower taxes, whether they can have more money in their pockets for their families. Neil i grew up in an italian family and they went behind closed doors, i still heard them when they were arguing. So i am wondering if we are going to hear any nastiness, do they have a blunt exchange of views to rachels point that they are joined at the hip when it comes to the issues that keep them together as a party. I dont want to misquote or misrepresent or rachel said, but there is going to be nastiness in there, but it wont get in the way. In theory, the one thing republicans on the hill agree on is we have to dramatically reduce the Corporate Tax rate. The Current System is incredibly unfair to American Companies and American Workers are undermining productivity and wage growth. That is the flagship of what trump wants in something 99 of republicans are in favor of. The problem is trump is going to trumpet is not a conventional politician. He doesnt really schmooze with these guys that well. Its like oil and water. Will they put aside their personal differences to do what is so important for American Workers and american competitiveness. Neil thank you. Keeping you out if you can. In the meantime, do you think the investors are worried about what is going on that tax cuts wont materialize . Sure have a funny way of showing it. We have betterthanexpected earnings. Three very big components. By the way, almost earnings are so much better than expected that the company by the way has not written me one thank you note. More after this. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone can i kick it . To all the people who can quest like a tribe does. Our recent online sales success seems a little. Strange . Nk na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. [inaudible conversations] trump is treason. Neil just a few minutes ago senator bob corker shouting at the president of the United States. Had you going, though. Arriving a few minutes ago. The protester did sneak in there. They are trying to find out how that happened serious the senator referred to of course he was already in the room, so not part of this outsider brigade of protesters. That could be an Interesting Development there. The first time these two are needing to do nasty tweed exchanges. First time for john mccain, to since his nasty exchanges with the president of the United States. House until Committee Meeting with the russian uranium deal. That is another separate story right now that the chairman of the Committee Said has been spearheaded by new revelations that the russians were trying to bribe their way into getting uranium and pain of clinton donors to the point click initiatives bill Clinton Foundation also benefited Hillary Clinton. Anyway, here to sort it all out is blake burman with the latest. Hey, blake. Basically this is a story that actually the Obama Presidency in the early years of the Obama Presidency. When uranium want a Russian Company was able to control or getting a sizable portion of americas uranium in the early years of the Obama Presidency. This has been a story out there for a while. However it came back into the forefront last week when the hill newspaper reported just before the transaction is taking place commend the fbi had been investigating whether there was extortion and bribery from Russian Energy officials. Now the House Intelligence Committee says they have some very good questions on this issue and they launched an investigation. Back in october climbed, and i myself and three other ranking members sent a letter to the Treasury Department raising real concerns about why we would allow a russian owned company to get access to 20 of americas uranium supply. This was brought to the highest levels of the a bomb administration including the treasury secretary. Its important we find out why the deal went through. Reporter Hillary Clinton was the head of the state department at that time. The details of some of the criticism and questions on hamas to relate to the money flow between the Clinton Foundation, clinton themselves in uranium one. Hillary clinton herself continued yesterday to assert there is absolutely no wrongdoing whatsoever. Hers her when she appeared on cspan. The same baloney daybed pedaling for years. Its been debunked repeatedly and will continue to be debunked. Reporter no reaction so far for the president of the white house on this day. Remember last week President Trump has said he feels that the story is the biggest russia scandal in the past decade. Neil blake berman, thank you. Meanwhile, we are waiting the president and gop senators. I understand they are all there. Cant have that fully confirmed, but all 52 are there on how that is going. First of all, your thoughts on the president meeting with these guys, all 52 of them. Theres been some nasty exchanges, that the greater good right now, both sides getting these tax cuts through. I really think that they are going to do it because Everybody Knows they are going to do it for the cause, which is the gop tax plan which is less regulations, so i feel that we will go ahead and get this through. Personally, what this does to the gop Going Forward, what this does for fundraising and the the gop brand, not good. Neil the fundraising i can tell you yes it has, but you can come back and say they raised almost 100 million, so technically no, not now. But when we start getting into some of these house races, which we will come youre going to see a lot of democrats actually have a platform and say the gop cant get anything done and there is fighting within and its so bad, so divisive that we can do things and get things done. They are fundraising in house races will pick up a little bit. Neil a lot of representative senators, the bannon approach to do that. How do you think thats going to go and doesnt put the party sort of a loggerheads . Theres three Different Things going on. In 1999, the club for growth with the antiestablishment real responsible for ted cruz, marco rubio, tom cotton. Beauxarts product of that antiestablishment group. They challenged in pennsylvania, to me neil they had a history of running. Already established since 1999. Now we have to be in an is also the antiantiestablishment. And then we have the establishment in which nobody likes to call themselves the establishment. Neil democrats have the same conundrum, right . Yeah, they do. They have kind of two divisions and we are pretty clear on that. The far left in the kind of media blackbeard and weve got three things going on. The bad thing about this is everybody is competing for the same donor. This is what is really bad. Foster freeze, sudan and, say can you help me out with my movement . Tell you what, no. As a matter of fact i might run for senate. Youve got all these things. Im not going to support this, but i may support this. Neil the president right now has been convinced at least it would seem to stay out of a lot of these races. What do you think . Im sure he did not enjoy the luther strange. That was awful. That was an embarrassing deal and i think that he also put him at odds with the bannon move and he seen as the antiestablishment. For him, hes a mutt, backed candidate. I think that his deal Going Forward as he probably is not going to do anything until they win the general, which is the way it kind it should be. Neil at thank you very, very much. What if i told you the biggest story of the north korea situation is what is going on in japan. The Prime Minister there got a new lease on power and some people say new lease to militarize again. Heres the thing, japan has not done that. In fact, it has been ruled against. Ever since world war ii, the end of world war ii is rearming north korea. Are you listening . 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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. Welcome back to cavuto coast to coast. Of about 200 points, putting the dow 25point below 23,500. Heavy lifting on the dow driving the record levels are the biggest gains in six weeks is that we are on track for. Stats reporting that earnings. Join hearty days. Three quarters of 1 , 3m up almost 8 . Check out the tamils. Grilled to order quarter pounder is paying off. Mcdonalds reporting better than expected global sales up 1 . Only expected to rise fourpoint type email, back to you. Neil thank you very much, lori rothman. The japanese market has been an alltime high as well. Bout with the reelection of a popular Prime Minister right now seems to be the nations longestserving since the end of world war ii. The last time that japan was armed and ready for anything. Prime minister abe wants to get armed and ready for north korea for the former u. N. Ambassador Fox News Contributor john bolton. Do you think this is one of the significant stories in that region and the Prime Minister abe is very keen that the large electoral mandate to get to deal with these threats in its neighborhood. Would he think of that . A variety of things. Dave is the most proamerican japanese Prime Minister since world war ii, has a real affection for the country, wants to stick with us. He has made it very clear in his speech to the u. N. Last month in which a statement to his cabinet post election that he agrees that all options are on the table. I mean, this is as close as youre going to get to a contemporary Prime Minister of japan thing he advocates the use of force. Hes got more than the two thirds majority in the japanese diet that he needs to amend the post world war ii constitution that restrict it japans ability to use military force. The country has been having a debate for over 20 years about how actually they are a normal nation out. Normal nations take care of their own selfdefense. They want to make it happen. I think it will. The president s trip coming up in early november. Japan, south korea, china, southeast asia. The north Korean Nuclear threat to the top of the agenda. How to deal with china and their claims in the east china sea, South China Sea at all out there. Aids stands in a very strong position postelection. Neil im wondering whether the north koreans voided the electoral chances given the provocative actions. Now, they might even have chemical weapons, would he make of that . Theres no doubt doubt they have chemical weapons. They threaten south korea even before achieving nuclear capability. They threaten south korea with chemical weapons prompting former secretary of state colin powell back when he was a civilian in the 1990s that north korea use chemical weapons against the south, United States return north korea into a charcoal burket to kind of play it again today. I think japan is completely with us and appreciating the threat that north korea poses and really goes to the other stop on president trips with xi jinping today, just finishing the night teamed communist party congress, putting him in a position if you look at the way its characterized common equal to the pantheon of Chinese Communist Party Leaders are certainly very strong. So he is in a position to say i think now without fear of challenge what china is going to do about north korea. Neil now, china they have this twice a decade meeting where they just equated the present leader that anything he says is i guess going to what you make of that and now with a tighter grip on power with the government . Well, both political power and weve seen and we will see more reconcentration of economic power in the hands of the state. Ive been hearing for 25 or 30 years or more democracy will come to china is spreading in the villages and it will spread across the country. Somebody better tell xi jinping he hasnt gotten the memo and all the steps china has taken to assert territorial claims in the east and South China Sea build up their military, build up their nuclear forces, build up their cyberwarfare program. This is the china prepare to assert itself in ways that we have not seen in contemporary times and it is why what you see in japan is just as important. You have two big powers they are in east asia and neither one particularly wants to be dominated by the other. Neil real quickly ambassador, the president will not be going to the militarized zone. Would you make of that . Denounced its for logistical reasons. They do want to forecast in advance. I hope for logistical reasons will disappear. I personally think its important for the president to go to the dmv. That is the frontline in the struggle against Nuclear Proliferation today. I think its an important signal to american troops in south korea and American Forces all over the pacific. A huge thank you south korea and japan. I hope they are just fudging a little bit and he actually will make the visit he should. Neil thank you very much come ambassador. Good seeing you again. The president is meeting with gop senators on capitol hill prevented now going on for the better part of a half an hour. When they come out, you know the drill. They dont know which senators. They were told john mccain and bob corker is a man. People with whom the president had a testy relationship and vice versa. After this. Elp . Elp . Once, when volatility spiked. And . By the time they got me an answer, it was too late. Td ameritrades elite service team can handle your toughest questions right away with volatility, its all about your risk distribution. Good to know. Thanks, mike. We got your back kate. Does he do that all the time . Oh yeah, sometimes he pops out of the couch. Help from real traders. Only with td ameritrade. Chevy, chevy, chevy trucks. We think its because chevrolets are the most dependable dependable dependable trucks. Built to last a long long time. With durable durability and rugged ruggedness. I like the extra power hauling power maxi power and quality. Seems they make them strong extra strong mile after mile after mile. Chevrolet neil albright, a Labor Convention going on. It ends jeff flock is there. What is the latest. Here today as the democrats being put on notice by the aflcio that they cannot count on their support and a blanket fashion anymore. Richard trumka, the aflcio president newly to just treated this. I have an iphone, will find hope and opportunity for working people not inside the Major Political parties, but inside our movement and our communities talking to folks today. Ill tell you, trump in trumka has more in common than just the first four letters of their names. The issues on which they agree. Its hard to believe the democrats wouldve given them a renegotiation of nafta or a pullout at tpp. The keystone pipeline, the president obviously supported that infrastructure spending. They are in agreement on that as well. The war on coal, coal miners, love the president s policy on not. Of course they do disagree on a number of issues like health care, singlepayer taxes. They want higher taxes on the wealth we can certainly do disagree on that one. Interesting to see where they agree. Ill tell you, a lot of rankandfile Union Members voted for President Trump last november. The key battleground states, could be argued that those Union Workers saw their leadership may have supported Hillary Clinton, it was the rankandfile put the top in those states. I leave you with a comment for mr. Trumka who was just reelected as president of the union. Listen to what he said today about who he will support in the future. I dont care if youre a democrat or republican or anything in between. If you do right by us, we will do right to you. Interesting developments i think at the convention today. It is maybe a Labor Movement without a party. In fact, once at the fact, want to listen, youve got to remember this. It wasnt the Democratic Party that invented the Labor Movement. It was the Labor Movement that invented the Democratic Party. Interesting. Neil you are right about that. Much, much older than you. They can surprise you. Thank you, my friend. Very good seeing you again. Deirdre bolton is here. What i understand is they are now categorizing what they get on the news feed paired pay to play. We have 2 billion users if you want to be seen, you want your companys materials to the right time you need to the right time you need to be pay us. There are a few exceptions were into play now. Facebook is only doing this is asked marcus. I dont want to say theyre not important at facebook, that they are dollar markets. Sri lanka, bolivia, is urea, guatemala in a guatemala and bolivia. Neil i do know is limited to those. Is limited. We are not convinced were going to do this globally. I think maybe they are pushing back against some publishers are sometimes people say the best offense is a strong defense. They were bugging us about a lot of placement. To your point, the news feed page. They are actually saying they are doing this in response to say i want to see more pictures of neil and his family and i want to see less of things i dont follow. It featured to defend themselves good for you. If you are not going to pay us, does feed, we are going to pitch going to push you on this explorer tab, which is neatly dead and buried. Neil amazing, amazing. Is a great ad revenue. Says public versus private, meaning you the user have been clamoring. Neil they are not going full throttle. Exactly. Its just a test, just a test. Neil thank you very much. I cant believe it. When we come back, and what is going on behind those closed doors . The president , is that from when he went in . Hes not leaving now, is he . Hes still in that meeting with Mitch Mcconnell and 51 other republican senators. Ouse financl is committed to help protect what youve earned and ensure it lasts. Introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. While maintaining a level of protection in down markets. So you can head into retirement with confidence. Talk with your advisor about shield annuities from Brighthouse Financial established by metlife. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Neil albright. President trump meeting with republican senators so thats been going on the better part of 45 minutes. Charlie gasparino, what do you think has been going on there . The president is making his case for tax reform. The senators are sitting there nodding their heads trying not to get in an argument with him. They say, listen, think theres a good chance this is going to happen. Ill tell you why. I think politically Mitch Mcconnell knows if he doesnt get this done, hes going to be in worse shape than the president. The president might be an ultimately were shaved because the democrats will start impeachment hearings. But you know, theres going to be a change in leadership if they dont get taxes done this year. This is make or break time. Both sides know it. Its a good chance that they are going to push this. Obviously the arguments with Corcoran Mccain does not tell because its a slow majority republicans have in the senate. You need almost every republican vote. Thats not a good thing the president did there. Also you this. The markets are boring. Listen, heres the thing i will tell you. I think we need tax reform to keep the rally going. Heres the markets are saying. We have a president in the white house that not at war with business. Hes not giving speeches and saying the government built this. That is a sea change. Neil thank you, buddy. Charlie gasparino, dan donovan being challenged earlier by Michael Graham who once held. Congressman, very good to have you. What do you make of this contest now, steve a m prefers them over you, this primary sort of push on the part your Party Continues to feel surrounded here. Not at all. Mr. Bannon can support whoever he wants. I support the president 90 of the time. And favorite the role, many of the things the president is doing a very supportive of it i dont think mr. Bannon and when he sees a not the evil person. Has the president indicated he will campaign for you or is he staying out of this race or what . Eking the Staten Island and were waiting to see. So ive known the president for 20 years. Hes been a friend of mine and they supported me in every one of my other campaigns. Even if its putting the hammer down between yourselves . Hasnt made a commitment yet, but thats my hope and work and at the white house to see if we can make this happen. Neil are you open to debating . Put my record against his any time. Neil if he were to be chew, i apologize if im ignorant about, would you support him . My fear is that Michael Graham were to be the nominee and we dont think he will be, we will lose this seat. The other republican seat in new york city, Michael Graham will lose it. Neil if he did be chew for the nomination, would you still support it . Of course that bridge when we come to it. Our public and soever republican in congress. I want republicans to have this seat. I think the people of Staten Island see that as well. Neil how important is it, your rates notwithstanding, sir, that republicans get these tax cuts done, thats your entire party depends on it . Its very important. We made this commitment to the people of america and i think we will. The president wants to do this, the house wants to do it. In new york we have to make sure new yorkers are being a bit and said these cuts, and they receive the same benefits the rest of america does with tax reform. Its needed. Its overburdened some, unfair and we have to stimulate the economy, put more money back in hardworking taxpaying americans pockets. Neil so you are a fan of tax cuts, big tax cuts. Are you a plane of paying for them . We dont want to burden i have 2. 5yearold daughter. But i want to burden her with deficits. We have to figure out a way to pay for them as well. You stimulate the economy, more people be working and paying taxes. Corporations who send jobs over his knees have more jobs in india right now than they do in america. Thats a crime. By bringing those jobs back in Encouraging Companies to grow, we will grow the tax base. Neil bottom line, the news here you are willing, eager and happy to debate for this nomination . Absolutely. Neil congressman, thank you very much. I may have a crazy schedule. Republican senators, you are watching fox. By listening to an thiaudiobook on audible. Ame and this guy is just trying to get through the day. This guy feels like he can take on anything. This guy isnt sure he can take it anymore. Unwavering selfconfidence. Stuck in a 4door sedan of sadness. Upgrade your commute. Ride with audible. Dial star star audible on your smartphone to start listening today. 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. When it might be time to buy or sell . With fidelitys realtime analytics,. Neil all right. There are still gathering seems like crowds have gotten bigger and bigger longer they are meeting. Upwards almost an hour. Well soon see president and republican senators leaving the room. It is working lunch. Markets seem to be very confident they are, buoyed by that and strong earnings. To trish regan. Hey be trish. Trish markets think that. Highs of session. Thank you, neil cavuto. I will take it. President trump meeting with lawmakers on capitol hill urging lawmakers to get on board with his massive tax cut plan. As the dow hits another alltime high thanks to strong Earnings Report and optimism about a tax cut. Im trish regan. Welcome to the intelligence report. Were all over the market with the president saying he is confident tax reform will get done. Just a few minutes well hear from Senate Majority leader Mitch Mcconnell about his meeting with the president and whether or not this on going feud between the president and senator bob corker will have an effect on tax reform getting