Away now. Charlie gasparino gone the his hands on exclusive new details on the plan. Forgive us if we have to interrupt for the press conference, tell us what you have discovered . Reporter confusion reins, the 2400 limit, it remains in the views, heres the other thing, liz, gop leaders are discussing scaling back the Small Business tax cut. Initially it was a 25 going down from 39. 5 to 25, thats going to be scaled back and heres the one thing, liz, before she gets up there, we have to tell everybody the state and local taxes, major fights over that. Peter king, the new york congressman from long island is leading an effort, from what i understand, rallying representatives from hightax states to oppose this bill unless the deduction is in there or major compromise is in there. These are big issues. The salt deduction is considered a major Sticking Point for the conclusion of the plan. If you think about it, the 2400 limit is still in the plan as they announced yesterday, a contradiction of what President Trump said he wanted to go back essentially to the old deduction which was 18,000 limit, but i hear its still here, its the 2400 limit, thats bound to 2400 still being talked about, and this thing about the Small Business tax cut, scorp. S. Theyre talking about allowing to you deduct, the rate coming down to 25 for only 30 of your income. It adds up to a blended rate of about 30 , youre going down from 39. 5 to 30 , thats not the big tax cut that was posed. Liz not at all. This is where we are right now. I would say one thing, liz, this is a situation thats very fluid. We dont know whats going to happen tomorrow. You know whats scary about this . Theyve had eight months to talk about this and were only here. You would think they would have these details set. They dont. Liz and they had seven years to try and come up with something to replace obamacare. They didnt do that. All these issues youre bringing up 401 k s matter so much to our viewers, it was just about two weeks ago, if i recall, that kevin brady, the chairman of the house ways and Means Committee talked to President Trump, charlie, and they had said we will veto anything, meaning the president will veto anything that alters the 401 k structure. Liz, i can tell that you in these meetings as this plan is coming out, shaping up, you know, Steve Mnuchin and gary cohn are in the meetings, so whatever is produced is produced essentially with their input. I can tell you that these are all big Sticking Points, particularly the salt deduction, state and local taxes. Peter king, the congressman from long island is apoplectic from what i understand. What wants double taxation . Thats in essence what it would be. We thought it would be tax cuts not removal of tax breaks. Hold on, lets bring in while were waiting on Sarah Sanders, house ways and Means Committee member and new york democrat joe crowley, hes with us right now. Sorry if we interrupt, sir, i know democrats have been largely shut out of the meetings, but surely you hear scuttlebutt what might be in there, what are you hearing this hour. Were hearing something we might see something tomorrow. We might. Congressman neil has asked for delay in the markup because we dont know whats in the bill. Liz meaning it would be shoved in democrats faces just as obamacare was to republicans, so there is no change in behavior. I think if you look at that though, we had numerous hearings. Multiple, many, many, many, many hearings on obamacare. Liz are you saying that democrats are getting entirely shut out. Completely shut out. What we know is there is an attempt to make the American Worker pay for a tax cut for the wealthiest people of our country. Millionaires and billionaires and corporations will score big under this tax proposal by the republicans, and whats going to hurt . Middle class americans and working americans, you already heard peter king himself is apoplectic because he knows its going to hurt the middle class if state and local Tax Deduction is not excluded from the bill. And right now it doesnt appear thats taken out. Liz and Charlie Gasparino reported, hes still with us, that Something Like carried interest benefits many millionaires, multimillionaires and billion sayres completely off the table. Charlie, what congressman crowley is saying in our opinion is perhaps correct, if theyre going to try and change 401 k deductions or things that theyre able to do simply to pay for this, why the middle class. Two tough sells, thats a tough sell. Making it more of a tough sell is the republicans have played into congressman crowleys hands, allowing him to get away with saying taking the Corporate Tax rate down from 35 to 25 is some sort of giveaway to the rich, when we all know the minute you do that, it allows companies to buy back stock but also to hire more. Liz but that doesnt address the issue which you and i have talked about theyre looking in the middle class pockets and peoples retirement plans to try and pay for this . Yeah, listen, you cant be half pregnant, thats the problem with the plan. You either believe in the supply side mantra where you take the rates down, plug the loopholes and you accept the high deficits or you just dont mess with this, and i think the problem is theyre trying to be half pregnant with the plan. Liz congressman, i have to ask congressman crowley this, if you were to be allowed into the meetings, where were you say thats where you should get revenue, that would actually pay for some of this, what are you talking about on the democratic side . I dont believe we should be going further into nations debt at the tune of 1. 5 trillion to give millionaires and billionaires a tax cut. Liz where would you say we need to find some way to pay for it . Where would you point to . We shouldnt be paying for that, should not be giving a tax cut to the wealthiest in this country. Giving tax cuts to companies that hire middleclass people. Thats the plan. There are ways which we can look at addressing the overall code. How do you look at this other than in ireland they have a 15 Corporate Tax question. Let me answer the question. Let me make this point. In ireland have you 15 Corporate Tax rate. In United States, you have 35 , in england, 25 , they get our businesses. Regaining my time. Id like to take back my time. Go ahead. The reality is we are not ireland. We dont want to be ireland, its my ancestral home land. They are taking our businesses. You want to keep on going, go ahead. Liz congressman, what charlie is trying to say, theyre not taking our businesses, our businesses are voluntarily going. If i can finish what im saying. Go ahead. I do recognize that we need to be more competitive and come together and work that out. The reality is we have so much to offer in the United States. We have a tax code that penalizes investment and real estate and you know what . They invest in the United States, because its the faith they have in the people and the government of this country. The long stretch of our arm, thats why people invest in the United States. They invest in the United States, they invest in ireland and moving to ireland and the other countries because our Corporate Tax rate is so insanely high. Liz congressman, hold on, ive got to ask this question before Sarah Sanders comes out. As of course a new York Resident and congressman who represents us, i must ask what happened yesterday during this hour when an isis sympathizer as it appears he was got behind the wheel of a rented truck and mowed down and killed eight innocents. Your initial thought on that and is there anything we can do. President trump says hes getting rid of the lottery. My thoughts and prayers are out to those that were injured, and surprised it wasnt more. Think of times square and the great city that we have and the freedoms we have. The great Law Enforcement efforts and officer nash who brought down this particular perpetrator, this terrorist, all the information we can gather by this person staying alive at this point, i do think that we have to give it to the men and women of our Police Department did a wonderful job. Liz absolutely. Im open to having discussions, we all are, how to make america safer. Attacks Chuck Schumer is not the way to do is. He is omni president in new york city, he cares about finding real solutions. For people not understanding the attacking Chuck Schumer issue, the president tweeted Chuck Schumer gave thus lottery system where random immigrants were chosen versus a meritbased situation. They believe had been floated back by Chuck Schumer more than 20 years ago, but again, as we grow, do we not need to alter or change things such as nafta and maybe this situation. Isis didnt exist back then. I dont fault Chuck Schumer for what he came up with 20 years ago, maybe we need to see changes to it . Look, we can always look to the ever changing world we live in. Thats fine. I think what you expect from the president is during a tragic event like, this we would hope that the president would make statements to bring us together to recognize the loss, to talk about where we are as a nation and what were doing to prevent these things from happening in the first place. Nypd and response was outstanding, you cant stop people from doing crazy things in a free society, but you know what . Weve had a great run here in terms of 9 11, we only hear about the things we dont stop but the nypd has thwarted many, many events from occurring in the past. We love them and thank them for it. Liz lets end on that. Stay with me, charlie, a couple of things happened the past hour, we had janet yellen, the chair of the Federal Reserve putting out the statement she waved her magic wand breathing life into stocks. Why . After the two day fed meeting, it was announced rates will remain at 1 to 1. 25 . We fully expected that. The dow up 67, i was keeping a tab where it was, one second before the announcement at 2 00 p. M. Eastern, the dow up 28, the s p up 2. The nasdaq up. Apple is weighing down the techheavy index but the s p had been 2 points now up 5. 33 points, heres what the fed said, hurricanes will not affect the u. S. Economy. The labor market is strengthening. The core inflation rate remains, quote, soft. That word hadnt been used in the past. They want to see it at 2 , hovering at 1. 4 , gradual rate increases but the atmosphere will remain accommodative. That means theyre not ready to go gangbusters on hiking Interest Rates over and over again, all in all, it is a no big surprise here, but there was this comment, Economic Growth is rising strongly. We have our eyes, i just mentioned apple trained on that, after hitting an alltime high at the close, the tech giant pulling back, down 1. 33 , falling down to the dow industrials, investors mulling questions surrounding the companys iphone sort of whats going to be in it and the demand both x and the 8. Somewhere wondering how well the iphone x will sell in the key apple market. No, nada. China. Chinese consumers are fascinated by new technology but lately been much happier or markedly happier going with chinese phones and asian phones. Are they going to be willing to spend a thousand bucks on the x . Wall street will be watching for answers and so will we. Apple reports Quarterly Results after the bell tomorrow. And another stock weighing on the dow, ge sitting firmly in bear market territory after hitting a fiveyear low. This after jpmorgan cut price target to 17 per share from 19. Well, were at 20 right now. So theyre saying its going to go. Its going to go lower here. Down twothirds of a percent, the fourth or fifth day in a row moving to the downside here and jpmorgan is not the only one doubting ges portfolio and the value. Were going to you, teddy. Teddy, obviously, the fed made the decision, one eye on the white house where Sarah Sanders is about to discuss possibly, we know shell be asked about the terror incident yesterday. The murderous incident and, of course, the tax plan. Right now we would have been talking about what the tax plan revealed, past tense, but its been kicked to tomorrow. What do you think . I think the tax plan is going to be a moving target not only for days to come, but unfortunately for weeks to come. And i would have thought that todays pullback probably was tax related and actually relieved to see it was fed related because as soon as the fed meeting was over, the market got its legs back and here we are up 70 some odd points, not quite to the highs of the day, almost. But basically positive for the market and shows that the market is perhaps on better footing than a lot of us think. Liz phil, we are well above the level we need to close to see a new record, that would be 23,441. Were at 23,451. Give us what appears to be the chicago mercantile exchange, the cme saying they just passed a record on oil futures. Old on one second, heres Sarah Sanders. Lets listen. Start by offering our thoughts and prayers with the people of new york city. Some of the toughest most resilient people on earth in the wake of yesterdays cowardly terrorist attack. This attack underscores that the terrorist threat is real and we defeat isis and affiliated groups abroad, we must be vigilant here in our country as they seek other ways to attack the homeland. Inspiring such attacks or hateful propaganda part of isis and other terrorist strategy. This underscores the need for the most careful vetting of who enters our country. There are hundreds of active Law Enforcement investigations into foreign nationals suspected of engaging in terrorism, and we must vet those seeking entry to the United States thoroughly. Last night hours after the attack, a million new yorkers including families with children marched through the city for a halloween parade. Their message was heard loud and clear. The american spirit will never be broken. Those who hope we will succumb to fear will never get what they want, and those who seek to divide us will only bring us closer together. In the midst of the attack, new york citys finest, our Incredible Police and First Responders rushed to the aid of fellow citizens. They did duty, they ran into danger so others could run away to safety and performed like the heroes they were born to be. Specifically officer ryan nash, a fiveyear veteran of the nypd was among the first to respond to the scene and fired the shot that stopped the attacker from continuing the violence. He is a hero but that doesnt come a surprise to most of his colleagues. Hes already received two awards during his young career, one for Excellent Police duty and another for other police action. Yesterday he earned something that could never be properly displayed by a ribbon or medal. He earned the neverending thanks of a grateful nation. President vowed to protect our communities, and put the safety of americans first. This is the oath he took as president and that is his sacred pledge to the citizens of our country. And with that, ill take your questions. John . Reporter sarah, in the hours and, in fact, the days after the horrific shooting in las vegas, the president repeatedly said now is not the time to talk of a policy, now is not the time to talk about politics. Thats for another time. Right now we need to mourn the death. This morning the president launched into a political argument with senator Chuck Schumer on twitter literally hours after this incident yesterday why. Was he so quick to go the political route and point fingers at Chuck Schumer for the fact this person was in the country at all . Look, this wasnt about going the political route, something the president has been talking about a long time. This isnt a new policy, this isnt a new position. This isnt a new conversation. The president talking about extreme vetting and the need for that, for the purpose of protecting the citizens of this country since he was a candidate, long before he was ever president. This isnt a new argument, this isnt a new position and this wasnt new for the president to speak about it. Reporter we heard today about 11 30 this morning from the mayor and the governor of new york who had said at that time the president had yet to caught. Has the president called his mayor, his governor in new york . The president has spoken with both the mayor and the governor of new york. Reporter sarah . Why wasnt uzbekistan on the travel ban list . As weve outlined multiple times before, those were determinations made by several factors, in large part, Congress Helped play a role in determining a lot of the factors in placing specific priorities on Different Countries and that would be the reason they werent a part of that. Reporter calling for uzbekistan to be put on the list . That may be something thats looked at but not something we called for at this time. Certainly havent ruled it out. Reporter im curious, why . Again, there are a lot of different criteria we use to determine which countries should be on there and hasnt been determined as one of the countries yet. Im not saying thats been ruled out yet. Reporter can you tell us when is the last time he and the president spoke, and secondly the president saying hes responsible in part for the attack before you go further, the president does not blame senator schumer and does not feel that the senator is responsible for the attack, we believe very strongly that the individual who carried out the attack is responsible and no one else. However, we do think that there are policies that could be put in place that help protect american citizens. Weve been talking about those for a long time, and we continue to push and advocate for the policies. Reporter does the president think senator schumer is someone he can work with . Wed love to work with senator schumer to pass legislation on extreme vetting, and if hes willing to do that, we would absolutely welcome his support on it. John decker . Thanks a lot, sarah. The president was asked a little earlier when he was meeting with cabinet about the possibility of sending this terror suspect to the detention facility at Guantanamo Bay cuba and said he is indeed open to that. Does the president think he has the authority as commander in chief to send the terrorist suspect to gitmo. The first question. And the second question is about gitmo. What advantages does the president see in sending this terror suspect to Guantanamo Bay cuba . The point he was making is he supports or would support it and wasnt necessarily advocating for it but would support it. Reporter are there advantages in terms of send anything terrorist suspect to guantanamo . Thats a question wed have to dive into deeper and talk with interagency process. Reporter the president said he ordered dhs to step up, quote, already extreme vetting. Im wondering if you can tell us specifically about what extreme vetting entails and any indication it might have had an impact on preventing yesterdays attack . Sure, some of the specifics for extreme vetting would be enhancing the collection and review of biometric and biographical data, improving intelligence streams, improve documentation requirements and verification, improving information sharing with partner nations and foreign Law Enforcement services and heighten scrutiny and thorough review procedures for cbp and other agencies that play a role in the process. Major . Reporter separate from the Guantanamo Bay question, does the president believe the suspect should be classified as enemy combatant . I believe we would consider this person to be enemy combatant, yes. Reporter would they instruct the Justice Department not to charge him in federal court and thefr use the powers of enemy combatants and the status to treat him differently not only in terms of determination or prosecution. Thats something we will wait until we get further into the process. Reporter having him charged at all in federal court . We havent made that determination, im not going to speak to that. Reporter you said youre open to the enemy combatant thing. I said we would consider him to be enemy combatant, yes. I think the actions that he took certainly justify that. Reporter does the status include that determination . Not that im aware of. Reporter i want to follow up on the question john was asking earlier. Youre make the case these are not new policies talking about, and the question still remains he is delving into a policy and political discussion and he and you were very clear after the Las Vegas Shooting it wasnt appropriate to talk about policy. So whats the difference now . I said it wasnt appropriate to politicize the conversation which i dont believe we are, were talking about protecting american lives and there are things that this president has consistently and repeatedly talked about, advocated for, pushed for, introduced executive orders for, supported legislation for time and time again since long before he was president of the United States, that support this position, its not a new position. There are facts that we know about this horrific tragedy that we know caused some of the things in this horrific tragedy they think determine what those policy positions that hes been advocating for long before yesterday or very consistent with the activity that could have prevented Something Like this from happening. Reporter the president invoked Chuck Schumers name, how can you say this is not a political argument . Look, senator schumer supported the opposing policies, and that is a very basic fact. Margaret . Reporter hes failing to notify the country. He helped implement them long before the gang of 8, and the gang of 8 would have addressed one part of the problem as we talked about before. He may have helped isolate one part of the problem and exacerbated so many other parts of the problem that fall within our immigration system. If you only address one part and not in the totality of it, and introduce a fully and more responsible Immigration Reform like the president proposed, like the president outlined. Youre not addressing the problem, not fixing the problem, youre only making things worse. Margaret . Reporter when youre talking about quicker, greater punishment, is he just talking about better enforcement of laws that currently exist or talking about extra judicial process, and are you looking at doing an executive order that was empowering him . Would you make Something Like that public or consider doing a secret order and very quickly want to ask you, is he serious about tying the obamacare to the tax thing or that seems like its going blow right through that. Very different questions, try to address the first in part of in terms of i believe he was voicing frustration with a lengthy process that often comes with a case like this. So i think that was simply the point he was making. In terms of the mandate were focused on pushing through tax cuts and tax reforms separately. Obviously, weve never made it a secret wed like to repeal and replace obamacare. Wed still like to do that but more likely to do Something Like that in the spring. Reporter sarah, [inaudible] in the name of isis, Governor Cuomo said the suspect was associated with isis. How can the president make the case we are annihilating isis when attack like this considers . Are policies emboldening the remnants of isis . Not at all. I dont think theres any way to discredit the progress that has been made on isis with total defeat taking place in taking away their strong holds in raqaa and mosul. But when that happens, as the president even said today, have you people that splinter off, go other places. Look, and were meeting them in each of the places as much as possible and continue to do that. Another reason this president wants to Institute Extreme vetting to help keep more people out of the country that want to do us harm. Reporter the president said earlier [inaudible] what does he mean by stopping the process . Were going to continue pushing for and advocating for getting rid of this program. Something hes talked about. Wed like to see the Lottery Visa Program not be part of any immigration system that we have in this country. Reporter follow up on margarets question. So the president isnt considering criminal Justice Reform . As i said, well look at other specific ways to deal with it, but right now he was simply addressing frustration with the lengthy process. John . Reporter thank you, sarah. Followup question on john deckers question. Criterion that you listed for enhanced vetting sounds very much like that for a national id card, a subject that comes up every few years in congress but which has never been acted on. Is the administration in favor of national id card as part of the enhanced veting . Look, weve laid out what principles and priorities are and work with congress on determining the best way to make those specific pieces of legislation, but the things they outlined are what wed like to see and whether or not what form that comes in, whats yet to be determined. Those are the principles wed like to see take place in extreme vetting program. Reporter youre not ruling out a national id card . Right, but im not saying were fully in. Im saying we laid out principles and priorities wed like to see and are important in extreme vetting program. Blake . Reporter between time the president sent the tweet out last night saying he calls for a stepup of extreme vetting until now, can you lay out exactly what has been stepped up in that time frame . Look, i think hes taken a call to objection, hes spoken several times with members of his National Security team to look and see what specific things can be done. But we have put in place executive orders already since the president has taken office that helped go as far as we can at this point. Reporter tax reform, if i can, do you mind . Its possible one of the things republicans are looking at is drastically lowering the cap for 401 k s. The administration is consistently said that the tax plan has to help the middle class. How old bringing down the cap on 401 k s help the middle class . Look, were continuing to work with the house. Im not going to negotiate as i said, every day this week with the media, im going to get the Economic Team at the white house work with members of the house and senate to put forward the best bill possible. We are making sure that the priorities we laid out including helping the middle class are part of the final piece of legislation. We support where we are in the process right now and were going to continue working with both the house and senate to make sure we get there. Reporter on the tax cut bill, what women want what does the president want that bill to be called . There are reports its the cut, cut, cut act . If its called the cut, cut, great. I think the biggest priority he has is making sure it does what hes laid out or pieces of legislation thats providing tax relief for middle class, making it more fair, making it simple. Those are the things hes mostly focused on. If its called cut, cut, cut and involves massive tax cuts like the president is proposing, it would be fine with the name. Reporter is the fed chair a man or a woman . No, i cannot tell you that, i can echo its not Major Garrett again today. Poor major. Reporter talk about wanting meritbased immigration and crucify the diversityvisa program. Is he aware it does have a meritbased component to it . Look, there may be a component to it, but the fact we have a lottery system that randomly decides who gets the greatest opportunity in the world, one of the best things we have in this country is the fact that everybody wants to be here and give that away randomly to have no vetting system, no way to determine who comes, why theyre here and if they want to contribute to society is a problem. And the president strongly supports making sure the people that come here want to be here for the right reasons and not bring harm to our country. I dont think that is something any americans shouldnt want to support, jim . Reporter ranked by jobs that they have and have to have minimum education . Randomly selected. This isnt its the lowest level of criteria that any part of our immigration has is through the lottery system, stow argue that this is a system that thoroughly vets people shows a total lack of understanding for what this process is. Reporter comment since the gentleman yesterday came in, one of them now apparently has been accused of a terrorist act. One of the thousands create a problem for the program . May be more, look, all i know is you cant randomly select people and not have them thoroughly vetted and not have the ability to know people do good or bad things when they get here. I dont think its unreasonable to ask people go through a vetting process to make sure when they get here they want to contribute to society and not harm the people of this country. Jim . Reporter why did the president call the u. S. Justice system a joke and a laughingstock during his comments . Thats not what he said. Reporter he said the system of justice in this country. He said the process has people calling us a joke and calling us a laughingstock. Look, i think as i told margaret, hes pointing out his frustration of how long that this process takes, how costly this process is, and particularly for someone to be a known terrorist, that process shouldnt move faster. Thats the point hes making and the frustration he has, april . Other folks have a couple of questionsy. Getting back to george papadopoulos, does the president recall at the march 2016 meeting mr. Papadopoulos suggesting the meeting between then candidate trump and Vladimir Putin does, he recall that . No, i dont believe he does. April . Reporter first, form head of the u. S. Commission on civil rights says if Everyone Wants that but to stop people from coming because they come from Different Countries is totally wrong. What say you . Nobody said because they come from a different country. Thats the whole definition of immigration is they wouldnt be u. S. Citizens, we certainly havent said that immigration as a whole should be outlawed. Reporter the lottery is specifically for those coming from other nations, that you are not in favor of right now because you believe there is a possibility of terrorism. I believe that we have a fundamental right to protect the people of this country, and if we see or think that someone is a threat to United States citizens that we should take every precaution that we can to protect the people of this country, and i dont think most americans would disagree with that. In fact, most americans do support extreme vetting and certainly support the protection of the citizens of this country. Reporter and final question, the issue of compromise. What is the definition of compromise as it relates to slavery and the civil war . Look, im not going to get in and relitigate the civil war, just like i told you yesterday. I think ive addressed the concerns that a lot of people had, and the questions that you had, and im not going to relitigate history here. Reporter and im going ask the question again. Why dont you ask it in the way you are accusing me of being. Reporter im not accusing, im asking a question, sarah, seriously. The question is does the administration believe, does the president believe slavery was wrong, and before you answer, mary francis said in 1860 there was a compromise, the compromise was to Southern States have slavery but the confederacy transspired and because of the civil war what happened . I think it is disgusting and absurd to suggest that anyone inside of this building would support slavery. Peter . Yesterday from that podium you said all of our leaders have flaws, washington, jefferson, roosevelt and kennedy. What are President Trumps flaws . That he has to deal with you guys on a daily basis. Reporter in fairness, he doesnt deal with us on a daily basis. Most every day he does. Reporter simple question. I just gave you one. Trey . Reporter two questions for you. What does the future of Guantanamo Bay look like under the Trump Administration . I dont have any announcements or change or adjustments to policy at this point. Reporter could you give us more of the tick tock how the president found out about the terror attack in new york city . How he immediately responded . Who he got on the phone with right away . Just trying to get a better understanding where he was, what he was doing and what actions he took following the news . The president was in the oval office when this took place and he was first briefed by general kelly shortly after it happened. One last question. Reporter thank you, sarah. Right here. Reporter will President Trump look for enhancing antiterror measures with other Foreign Countries during his visit to asia, and also will President Trump call the leaders of argentina and belgium to express his condolence. I believe arrangements are made to speak with the leaders of those countries. Theyre working between the two teams to set up that. In terms of looking for conversations around antiterrorism, that will certainly be discussed throughout the trip over the next several days, and as you said earlier this week, general mcmaster will discuss the trip in more detail and certainly in more depth for the briefing tomorrow. Thank you so much and have a good day. Well let you know what time that will be. Most likely take place in the afternoon. Liz all right, terror and tax reform taking up most of the oxygen at the White House Daily press briefing. Press secretary Sarah Sanders making it very clear that, yes, the president is extremely interested in putting the wheels in motion to get rid of this socalled lottery visa system that randomly picks immigrants to be able to come and live here in this country. One of the things she did clarify, she did say President Trump does not blame senator schumer for yesterdays attack and, quote, love to work with senator schumer on extreme vetting. Of course senator schumer who about 27 years ago put forth this vetting idea but that was well before isis even existed. We also heard about taxes and 401 k s. It was a nonanswer on that, but to this point because it happened right in this hour yesterday when an isis sympathizer, alleged isis sympathizer, it is obvious from some of the things that were found in the truck he drove rammed and killed 8 innocents here in new york city. Lets bring in former fbi special agent and author of how to spot a terrorist before its too late. John ianerelli, moses is putting on his microphone at the moment. To you first, john, Sarah Sanders said that the Justice System and the way that this lottery system is working has got to change. Do you agree . Because it appears that is how this Uzbekistan National came in . Absolutely. The worlds changed, this is the new normal. We cant just let people arbitrarily come into the country or anywhere else for that matter unless were taking some time to determine who they are. Theres a lot of nefarious persons out there. We have to be sure they dont want to do harm here in the United States. Liz that is the suspect sayfullo saipov. And eric, youre a tech head extraordinaire. This all comes down at the very same time that leaders of facebook, google, which, of course, owned youtube and facebook, google and whats the third one testifying . Twitter. They are all before the House Intelligence Committee today. They were before a Senate Subcommittee yesterday talking about how they somehow allowed so many russian and all kinds of things onto their site including a bunch of isis promotions onto their sites. They are in trouble, theyre not just being attacked by shareholders, attacked by the government for allowing this. They have always talked about being transparent. Were seeing theyre dragging their feet. Too long for them to come up with the numbers. Number of accounts that are false and the number of accounts that the russians have manipulated among other people. This is not acceptable to society, and they have to take responsibility, and whether they employ technology and Technology Plus people, they have to anticipate the problems. Liz john, we dont know where or how this suspect was, quote, inspired, obviously there is the isis magazine inspire, but in 2013, i noticed that the Pew Research Organization issued a report. This is way back in 2013 that a third of all americans got their news from facebook. Fastforward to just this october where sheryl sandberg, the chief operating officer of facebook went to capitol hill and said we dont employee journalists, we dont do news, she knew that back then a third of the americans were getting that news. Todays at half of americans, isnt that disingenuous for facebook to say were not a news operation, were just a pipe through which news flows . Its a sorry state that most people are getting their news from the internet where there is no Fact Checking whatsoever. It is a problem, but facebook, twitter and the others, theyre also going to be a key component in resolving the problems we have with terrorism. As guests said, we need help with technology and Leverage Technology to work for us in protecting citizens, not just letting isis and other groups use this to spread propaganda. Liz its a big business eric, facebook, twitter, twitter not so much. Facebook hith multiple new highs. Lot of people made a lot of money on this. Do you see it dinging their stock where youve got not just european governments that have always been after these guys, but the u. S. Government, the house really wondering what we should do next . Senator Chuck Grassley was on with Stuart Varney yesterday and said we dont need them to hover over and regulate but explaining to do here . For sure, prior point, these companies have to now face the fact they are Media Companies or at least in good part, tech driven Media Companies, but as Media Companies, they should be responsible for content. They should know what content goes on the platform and more importantly need to know the customer. The same regulations that go, im not saying regulate them, assume. That same regulations in the Financial Services industry, you have to know your customer, like any good business, you want to know who you are doing business with. Cant be false accounts and people pretending to be who they are not. They have to know who they are. Liz excellent comparison with the financial industry. John, it is not just the facebooks and the twitters of the world. The suspect rented a home depot truck to pull this off. Home depot, we put in a call. This is the response i got. This was a pr person, while i cant get into specifics what it is, we have training and kwop raying with Law Enforcement, its too early to tell if or how that would change. Its part of our Standard Approach for associates to Say Something if they see something. Then there is uber which has stepped up. This guy was an uber driver apparently, theyve stepped up and said, well, weve give you what you need, any kind of information, but he had priors. He had a suspended license in the state of new jersey at one point. Does that mean uber wasnt doing Due Diligence too, and is this on their shoulders . So many uber drivers, how do you weed out the ones that have something in their background other than a suspended license . We want to leverage the relationships, whether its home depot, uber or anybody else. The fbi government has trip wires, if you see something unusual, and its what i write about. There are tell tale signs can you look for. I guarantee as they dig into this, this person was visiting social media and other people were aware of the things he was espousing. Its that kind of information that needs to be brought forward with the trip wires. Yeah, and i think erics point about comparing it to the financial industry. Very hard to get a bank account if you dont put forth a million pieces of id. John and eric, thank you so much on a very busy news day. Appreciate both of you coming here and part of this very busy news day specifically Sarah Sanders, White House Press secretary press conference questions abouted 401 k , blake burman is rushing to the cameras. Well be right back. Stay tuned. Today, smart planning is helping the new new york rise higher than ever. As the world leader in unmanned aerial systems, were attracting the worlds best talent to central new york. And turning the airport into a firstclass transportation hub. All while growing urban areas into vibrant places to live and work. Across new york state, were building the new new york. To grow your business with us in new york state, visit esd. Ny. Gov. Liz breaking news, Charlie Gasparino telled us at the top of the hour, there is chaos as gop members of the house ways and Means Committee work to seal a tax reform plan to present to all of you tomorrow. Fox business blake burman drilled down on the 401 k issue at the white house. Big question is will your 401 k be somehow alerred or touched, the amount you can contribute that is free of taxes at the start. This is striking fear in many of your hearts and many of ours here at fox business because it looks like if they do use your 401 k as somewhat of a piggy bank to pay for this multitrillion dollar tax plan, that would not be a good thing. Chris hahn, the democratic strategist said on our air, that would be like signing a death certificate for the gop if they touch 401 k s. The market doesnt seem to be fearing all of that. We have the Dow Jones Industrials up about 62 points, and i want to go to Nicole Petallides on the floor, aside from the fact we are getting earnings after the bell, gopro, fitbit, tesla, kraft, symantec, met life, big names, nicole. What do you see the traders focusing on right now . No doubt loving technology today. We saw facebook and alibaba and apple moving to alltime highs. A keen eye on facebook going into the close, getting those numbers after the bell, liz. The stock is up 1. 3 and hitting an alltime high of 182. 90. If you own facebook, stock was up nearly 59 this year. They love it another real favorite has been tesla. Tesla, which is up about 51 this year has done so well, pull back a little right now, down about 2. 5 , liz, but going into the Quarterly Report after the bell. Analysts are anticipating that tesla may have had a weak quarter, know the production of the model 3 is slower than expected. Be a little cautious on this one going into the closing bell, liz . Liz absolutely, were nine minutes away from the closing bell. We just got fox business blake burman in front of the cameras at the white house. I heard you during Sarah Sanders press conference that you brought up this 401 k issue that matters so much to all of our viewers. You know, it almost felt like a nonanswer, what did you interpret from what she said . Reporter apologies, liz, i think viewers might have gotten a look at behind the scenes, were having earpiece issues. Liz they saw me going like this, when i go like this, it means open my mic. We can show how the sausage is made. Reporter live tv is a beautiful thing. 401 k s, real discussion what to do with 401 k s. The cap as you know right now for pretax contribution is 18,000. Its possible they cut that somehow down to half. Talk it may be lowered to 2400, it appears as if it could settle in at the middle point. You remember President Trump said as recently as a couple weeks ago, 401 k s will not be touched at all. However, now it appears it might be moving away from that point. So i asked the White House Press secretary Sarah Sanders at the briefing, if your priority is make this good for the middle class, how is capping 401 k contributions good for the middle class . And youre right, she sort of sidestepped it saying we are encouraged with the process. The house and the senate are going through their thing, in her words, im not going to negotiate from the podium. Bottom line, all of this appears up in the air as there is a tax bill coming out supposedly tomorrow. Liz what time tomorrow . It is supposed to be now, today. Right, now saying maybe in the morning tomorrow, as someone at the white house was cautioning me yesterday, when it gets to timing on the hill, never know. Liz never know, never know, blake, thank you very much. When we come back with the closing bell about seven minutes away. The most infamous currency of all. Did bitcoin just go legit . The move the cme is sending cryptohackers through the roof . Is it safe . We have terry duffy here to explain. Hi, terry. Stand by. Hes coming up next. 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. Hi, im the internet you know whats difficult . Adulting. Tj get a job hi, guys. Im back. Time to slay heals, heals, heals yes youuuu no, i have a long time girlfriend. Mom i need my macaroni 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. Yeah whoo yes get your domain today and get a free trial of gocentral. Build a better website in under an hour. Liz had to get your thoughts on bitcoin, the digital currency, people say might be the next big thing. What do you think . I think it is rat poison. Put him down as undecided. Liz Warren Buffett righthand man charlie monger telling fox business four years ago on the red hot cryptocurrency thing, a lot of people didnt understand back then, still dont today, that it is quote, rat poison. Were not sure about that, but what every it is, last 48 hours, sent call investors seem to swallow it as cme launched Bitcoin Futures later this year. Going legit, helped the cryptocurrency smashed through a ceiling. 6500 trade records. It has market cap of 109 billion. Is it safe with the cme in . Terry duffy, chairman and ceo of cme. Terry, how will this work . Get to the news first. What will investors be allowed to do they couldnt with bitcoin. Hopefully mr. Mongers comments are different with regard to the rat poison. Anyway, investors can be on our platform, liz. I think what is really different here. We heard a lot of negative comments. We make fun of the last one. There are very serious comments about this particular product, whether from jamie dimon, larry fink or other people said this is a product that theyre concerned about. When you look at comments, im concerned about it as well, under the current form. That is not what the cme group is doing here. Were bringing forth a contract on bitcoin, of concept of people wanting to find different ways of commerce. It is regulated platform. Well have different limits, different margining recognize people. Audit trail function and distribution. Well have our name behind it t this is completely different than a lot of negative comments been said about bitcoin and it uses thereof. Liz jamie dimon recently said it is a fraud and will blow up, like the tulip bulb mania. Can people make money and be safe makes these bets . That is two questions. Being safe in any investment as you know, liz, there is risk to everything you do in life, especially investing. Liz of course. Were here to help mitigate the risk of people investing hopefully take out some volatility and bring in natural sellers or hedgers, people who own the product, bring in natural longs, offer up goods and services and bring in a speculator and that is what make as futures contract tick. [closing bell rings] well list it in a way most of the business is in the beginning months. Liz got it. We make changes as the market continues to move. Liz that will do it. Now to after the bell. David terror in new york city and tax plans delays. The dow ending up 58 points, fighting for new record close. Doesnt look like it will make it on the dow. S p looking for a record as well. I dont think that will make it either. Im david asman. Glad you could join us. Melissa im melissa francis. This is after the bell. More on big market movers. Here is what else we cover during the very busy hour ahead. Terror returns to lower manhattan. Oh, my god. Hey, can you call 911 . I got, other, my