Transcripts For FBC Mornings With Maria Bartiromo 20171109

Economic Playing Field. Maria china and u. S. Businesses trade over deals during the visit. Expecting to release a plan of their tax code today. By President Trump says democrats will like the version more than what weve seen for the house for threatening to derail the 85 billion merger between at t time warner while regulating the process of requiring the sale of time warners unit which includes cnn or the directv business as a deal to allow that to go through. Apple topping 900 alien dollars incredible market value. The details as the most valuable Public Company keeps on getting bigger. Take a look at americas best thursday morning by selling underway. Dow industrials to be down about 25 points. Nasdaq, s p 500 in the red. In europe come major indices also lower. Xt 100, dax down fractionally. Talk about a third of a percent. In asia overnight, the service may expect the nikkei average done a fraction. Hang seng and on, three quarters of 1 . Spacey cut. Ridley scott will remove and replace kevin spacey from his latest film just weeks before its release date. The massive undertaking as harassment claims surrounding the actor were continuing to grow. Plus Country Music and political life that with all the the highlights of moments from last nights Country Music awards including a new rendition of Carrie Underwood takes songs that took aim at President Trump. All the stories coming up. Fox Business Networks Dagen Mcdowell. U. S. Army intelligence author andrew peek is with us in Capital Market research chief Market Strategist catherine were neither is. Great to see you. Thanks for joining us. This is like the version without numbers. Dagen thats a compliment. The man who won entertainer of the year, lets think his performance. Dagen again coming to the net by not giving it away. Maria exactly. A lot on the table. Texas congressman, Financial Services Roger Williams is with us this morning. Alan greenspan stops by. Deputy chief of staff to president george w. Bush karl rove is here and present at six flags chairman Jim Reid Andersen is with us as well. You said that the impact on business of the tax plan we are talking about. Take it off right here talking trade in beijing. President trump slamming what he calls the onesided trade relationship between the u. S. And china in a speech to Business Leaders in beijing today but was stopped short of xi jinping for the balance. Watch. Trade between china and the United States has not been over the last many, many years a very fair one for us. I dont blame china. Who can blame the country for being able to take advantage of another country for the benefit of the citizens. I give china a great credit, but in actuality, i do blame past ministrations. Maria the comments came during the second day in china which included some investment deals between the two countries amass in december 250 billion in deals are pretty incredible. Weigh in from as national spokesperson, former spokesperson for the donald trump president ial campaign Katrina Peterson is with us. Thank you is great to be here. 250 billion in deals. A number of companies obviously traveling with him. Of course. This is what we call winning in trump world. This is something the president has time and time again and now he is once again keeping his promises. He is right. Hes never claimed that everyone else was at fault for what was happening with regards to the trade deficits and such and he went over there and say to their faces, this is what is happening. You cant happen anymore. Not fair, its not right. Or leaders of the passes made very bad trade deals that hes here to be negotiated. Andrew peek, your thoughts. I was wondering why a very specific message he will take to vietnam after china, which is a close rival for the u. S. Really wants to grow with security and economic relationships over the next couple years. You is that the maintain his entire discussion. He wants to make sure the world knows that the United States is under a very different kind of leadership. But in the American People first and make sure that our allies know we support them in times of need. Katrina come i have a question with regard to north korea, which is particularly concerning. Wondering your thoughts of Nuclear Destruction which is something used in the cold war with russia and your thoughts regard to the effect of mess with someone like a dictator like north korea. This is definitely something going to new heights under the Trump Administration which is another reason why he is talking to china and he does want china to do more with regard to north korea. This president is committed to doing Everything Possible diplomatically to kind of level those efforts there. What we will see moving forward is as he said yesterday, this is unacceptable and will not tolerate this behavior. The United States will put it people first and protect itself as necessary. Im looking forward to the remainder of this trip and im excited to see a president out there for people. Turned a taxi firm, obviously front and center. House republicans hammer out details that during the socalled market. The scaling back of tax avoidance camera provision for Senate Republicans reveal plans later today. If we were to we were to see the senate stays in the corporate rate 20 by one year, it feels like businesses are okay with that. Maria as long as it doesnt expire. As long as its fall facing, not a stepbystep phase then a stepbystep phase then you have to you have to wait a year, businesses start planning in advance of that. Much in the senate bill is said to be differing from the house bill. A few things ill point out. There will be a full repeal of the state and local Tax Deduction. There will not be a 10,000 compassion on property taxes, which you see in the house bill. Senate republicans are not planning to completely eliminate the estate tax and then there are going to be more tax bracket for the four currently in the house bill in the senate bill you just mentioned the businesses in the Corporate Tax lien on the house, this genocide is going to get rid of that completely. Rather than tweet it wont be in there. Turn to the New York Times called this the atomic bomb. They also get rid of the bubble tax, 4526 and also hearing that they may lower taxes. Hoping to get to 37 on the top rate. These are expert patients from sources that in the top rate from 39. 6 to 37 for weeks that to come out to the senate plan print the question is how quickly can the bill move once it drops from the senate, does the house just agree with the changes and does this move quickly through the process . Katrina. Im not quite sure how quickly its going to move simply because this is the swamp and what we are seeing at the swamp creatures going to legislatures and its really causing a lot of havoc which is why use the senate producing compared to what the house is producing. The president has said very simply wants to cut taxes for the middle class, simplify the tax code and now we are in the whole mass of all these politicians trying to please special Interest Groups and its one of the reasons President Trump wanted this election because he wouldnt behold and to any of these lobbyists. In our superlobbyist ive been so well just have to see. Maria i want to see if they make any changes on the carried interest, which of course has been a real issue because people say Hedge Fund Managers from a Real Estate Managers can manipulate their income and show what is really capital gains. We will see about that. These guys are working hard to get something done on the house and senate side. Is this going to be a plan markets alike or not . It has to be permanent. If they try to save the day and. The markets will be okay with that, but if its phased out by five from eight or 10 you dont get the incentive to repatriate massive amounts. Katrina, did the law says on tuesday, did that, did i frighten republicans enough to get something done . They had to overlook the virginian said ed gillespie got shellacked and counties that he actually won when he was running for senate. I hope it did. I hope they paid attention to the fact that trump agenda wasnt fully embracing that. A lot of those people not turn up the margin between was much lighter in that should speak volumes to them particularly when this is something you and i both know the president has been saying since day one of this campaign what he wanted to do and he was able to bring in not only new voters or people who supported Bernie Sanders during the primary. These are things people wanted the gop leadership is to get it done. Drain to you on make a really good point. The election yesterday did get people talking about what is this thing for 2018. Dagen want to quickly point out that there were groups of people who came out for the democrat in virginia who did not come out for Hillary Clinton. You are talking about millennial suburban moms. There were a lot of groups who came out to vote for Ralph Northam in virginia who were not there for hillary. And i say no semantic trap movement, that there were people who are proanybody else in the party. I havent seen any poll that says they are more favorable than unfavorable. How does passing sunday might add increased popularity even though you get something done . Dagen if you keep the economy running. Its on the corporate site if you keep that fire enough cylinders and increase growth in the 3 rate in the last two quarters, thats it. Trade to boost the growth move to sustain 3 and move about that. We see why job creation will be in better shape. Maria katrina pearson, good to see you. We are going to take a short break. Hang ups for at t regulators to make significant concessions for the acquisition of time warner to move forward. The 85 billion deal will be forced to sell cnn. Apple rockets to the 900 billion all you wish and days after earnings top expectations. The race to 1 trillion is on. Back in a moment. And its raining. Our home was ruined. We couldnt live there. Mom our first concern was the kids. This was going to be hard on them. Chubb got us a place to stay in the same school district. Otherwise it could have been a nightmare. Dad. Chubb turned a disaster into an adventure for our kids. Mom. And no one missed a day of school. And im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. Maria welcome back. One of the biggest media deals under threat for the Justice Department future persona with the details. Dagen according to reports, antitrust regulators calling for major changes to the proposed takeover of time warner. Sources say that justice may require time warner to sell items Television Unit which is the Parent Company of cnn or direct tv. At t cnl Randall Stephenson responded saying until now was never commented on discussions at the doj but given the statement this afternoon its important to set the record straight. Throughout the process ive ever offered to sell and have no intention of doing so. A look at how time warner selling so far for the week. Certainly a little pressure they are as you can see towards the end of the chart. At t stock, two to watch the reports unfold back and forth. A oneweek chart with volatility in the stock certainly to watch today. The headlines this morning from this morning, shocking revelations about the Texas Church Shooter kevin kelly. Reporting calley claimed to have purchased guns on mind while he was being treated in a mental facility. Kelly had been listed at the facility is a high risk patient come a danger to himself and others. He was sent there after he beat his wife and stepson. Meanwhile, apparently doesnt want apples help. They contacted the feds contacted the fed then offered contacted the feds and offered assisted with opening the device that nobody has gotten back to them. Of course it was all about the cmas last name. The Country Music awards had nothing to do with the actual awards show. Last nights Country Music awards were both emotional and political. Lets start with Carrie Underwood and brad casey. They poke some fun at the president. Paisley with the and let them perform way down yonder on the scary. Took home entertainer of the year making a surprising admission about lipsynching at the night opened up with a somber tone. They did acknowledge those whove been lost in recent tragedies. Las vegas, charlottesville, new york, southerland springs, historic storms, texas, puerto rico, florida. The list goes on a non. This has been a year marked by tragedy. A way we see it, the best way to honor her fantasy player music loud and proud. We should also say this is something you brought up this morning showing up outside of redstone marina, raising money for the American Civil Liberties union. Largely ignored by the mainstream Country Music and his trade making jokes about how he wasnt allowed in the ceremony and i know youre watching that as well. Dagen by mr. Joe simpson before he got famous. We arranged for him to play at a barbecue joint in queens before his first solo album came out. Hes not a fan of the president , had some nasty words. Again, if youre raising money for the aclu, would you think youre going to do . He made it without the Country Music establishment. The fact that garth brooks was lipsynching on stage and sir joe stimpson outside with his guitar case open. I forget how much he raised, like 17 bucks. He was taking questions on facebook life. Maria the song he did about President Trump was actually cute. It wasnt lecturing like former award shows. I thought it was late. Thats what country is all about. Again, im a finicky how growing up. Maria on that note, dagen q. How was awesome. Go back and watch. Maria can you believe were two weeks away from black friday . What does that mean when deals are quick away . The Amazon Effect in the future of Holiday Shopping. Two weeks away from black friday. If youre staying awake on the designer dolce dolce and the bonnet. You will not believe how much it costs. We will bring this to you coming up. Stay with us. [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. When we love someone, we want to do right by them. What is this . But habits are hard to break. Honey, where are the habaneros . And then there are things we cant control, like snoring. snoring now, the answer is right under your nose. Introducing theravent antisnore strips. Clinically shown to reduce snoring withhe power of your own breathin nice try. There are always things that are hard to let go of. Now, snoring isnt one of them. Theraven the answer is right uer your nose youre now, snoring isnt whoo. F them. On the perfect hotel. So wouldnt it be perfect if. There was a single site. Where you could find the. Right hotel for you at the best price . There is. Because tripadvisor now compares. Prices from over 200 booking. Sites. To save you up to 30 . On the hotel you want. Trust this birds words. Tripadvisor. The latest reviews. The lowest prices. Whether its connecting one of or bringing wifi to 65,000 fans. Campuses. Businesses count on communication, and communication counts on centurylink. Maria welcome back. Two weeks away from black friday. A brandnew survey from consultancy pwc, 35 of shoppers plan to do most of their shopping on black friday. 69 in 2015. The founder of quotient. This is your company deals with thousands of brands and retailers, coupons. Com. You say everyday is black friday. Assure feels like every day as black friday. Here is your black friday advance, the deals are on sale now. Come look at them. The combination of that plus the fact retailers now really know their shoppers here they are making black friday deals available to people everyday. Maria is that the Amazon Effect . Changing the hold landscape. Amazon and whole foods particularly. As it stands today, retailers are knowing shoppers so well and they know them before they walk in this taurus and they can have an influence on what theyre going to buy before they get into this door. It almost feels like youre getting a black friday deal personalized to you. Ive ever seen the movie the purge were all crime is to go for 24 hours . Do you think thats the attraction of black friday in person . That may be cybercant quite match . Is hard to match that. I live in Silicon Valley so maybe at some point we will be wearing headgear dishes Virtual Reality and we can have a little bit of the purge effect when you shop at home. Until then you are right, the adjournment of the store really will persist for quite a long time. Dagen do retailers often make a mistake on black friday . The real Shopping Experience still exists on thanksgiving day exists on thanksgiving day and afterward on black friday because people want to get out of the house. But the retailers to lose because if they dont really deliver on the shopping next year and then they run out of inventory and some of these deals, does that actually hurt the brickandmortar retailers . It sure does. It starts in the parking lot. The experience has to be very good because the barrier is so high right now its easy to come online and with Free Shipping and expedited shipping them like you said before the Amazon Effect, you can get things delivered in two or three hours now. The experience has to be good when you get to the parking lot, when you walk in the door and you cant wait on line for two hours and you cant run out of inventory. Its a tricky proposition. What looks good this season . Are there particular projects you think will be this holiday seasons toys for gifts . I dont know what particular items that could with regard to toys or gifts. Maria is there a specific demand for any one thing . What i think people should Pay Attention to now as walmart is getting a lot of mojo back with acquisition of jet. Com and mark were rejoining the company, hes really having a big effect on the changes going on and i think the deals between walmart and amazon are good opportunities for consumers to look at those opportunities now. While marketing its mojo back its amazon competition is only gotten tougher and tougher. Old economy versus new economy. Work in mortar, and theres just so much more hasslefree. Train to amazons website isnt very good. If you actually have to go in search and that it offers a wild these different sellers, these different sizes its not very clear, theres a lot of room for some of these major retailers like walmart to improve like great wish list and it pushes new when they added a new wish list the ones theyll then they can offer you 24 hour deals. The skys the limit for these retailers. I agree. The other advantage is they are so good at merchandising and the store footprint to use their websites to get you into the stores. The impulse purchasing is very important. Maria it sure is. Thank you very much. And there done that. Transfer has been resisting the impulse the past 24 hours. Maria what is it . Dagen expertise. Youve got away and find out. Train to thank you so much. Kevin spacey has been cut from a movie that was already finished. The astor place after the Sexual Harassment accusations. Undercover investigations show that tsa workers are not making the cut when it comes to your security at our nations airports. Weve got the report. Stay with us. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Maria good thursday morning. Thank you so much for joining us. Im Maria Bartiromo, it is thursday november 9th, 6 30 a. M. On the east coast. President trump toasting the nations relationship with china today. There is some tough talk going on trade, though, where the president bushed for a more fair relationship. How American Business is reacting this morning in doing deals with the chinese coming up. Then washington infighting, new controversy after Donna Brazile lashed out critics. I think Mitch Mcconnell ought to tender his resignation. What he ought to do is resign after taxes are done. We cant do it in the middle of taxes. After we get taxes done, i will step aside and we will have a revote on majority leader. Maria there you go. We will take a closer look at that. Your safety at risk. Most tsa screeners have failed at undercover operations test. More on the disturbing study coming up. Spacey has been cut, director says he will remove and replace kevin spacey from latest film just weeks before the actual release date. The film is completely done, massive undertaking to replace him now as harassment claims surrounding the actor are still going this morning. Topping 900 billion for apple just yesterday. We are at the lowest of the morning right here with Dow Jones Industrial average, nasdaq expected to be down 20 points. Earnings topping the story. The european indices are lower. Ftse down a third of a percent. In asia overnight, mix bag pretty much, best performer in hong kong. Hang seng index up three quarters of 1 . Paying up more pasta, one major designer getting in food business, but boy, oh boy, is it going to cost you. Made in america. We will soon see that stamp on many products. President trump is in beijing today attending a state dinner hosted by chinese leader xi gin. Right now it is happening. This is what the president had to say about improving relations with china. I give china credit. [applause] before but in actuality i do allow past administrations for allowing the out of control deficit to take place and to grow. We have to fix this because it just doesnt work for our Great American companies and it doesnt work for our Great American workers. Maria the u. S. And beijing have signed agreements for American Made products, jet engines, energy as well as agriculture. Joining us right now ceo and chairman of six flags. Talk about your business all over the world, but first lets talk about the deals in china, what do you make of this . I think they are good deals and i think you may know we have 7 park that is we have announced in china and expanding rapidly with our partner there. Do i want to come back, your last guest talked about the Amazon Effect. I want to tell you we are amazon proof. Maria theyre not getting into the cruise business . When you look at Dividend Growth story, we announced Dividend Growth yesterday and its alltime high as of today, you know, we see the growth of this industry and just the strength of it in the face of amazon like competitor. Maria great way to put it. I would see that you would be amazon free, six flags, you made the big entry into china, three more theme parks there. What has been your expernce opering in china. Remember, we a very new to china. Announcing dubai fist fir and pepsi and china and know a lot about it. Six flags is perfect, perfect brand to be in china. Its the number one regional theme park brand in the world and i think china look at the number of people, 3. 4 billion people, three times the u. S. But doesnt have the theme parks, we will see expansion there with our brand leading the way. I just went to the six flags over the summer in dc, fantastic experience. One of the things that i always liked is that the roller coasters are extreme than you find in other places. We are a thrill park. Thats what we look to do. Maria they did nit saudi arabia with Virtual Reality. [laughter] my question is can you tell us about the design process for new coasters, do you have a team thats thinking away to make this more extreme and like the frontiers untraveled . Absolutely. But i would start by saying, andrew, that safety is the starting point for anything. So the foundation has to be absolute safe. Youre actually ten times more likely to get killed by great white shark or a hundred thousand times likely be in an accident in a car we start with safety. Thats the starting point. We need to start. Innovation is in our dna. Thats where we come from. We have a small team and all they do is they look at how we can innovate to bring more thrills to our guests and thats what we do. So in 2018 weve got 5 coasters that are radically different to anything else anyone has and we lead the way in innovation, thats the approach we take and that team spends all their time looking for exciting and new innovations. Dagen what does the world economies look like, compare us to other nations that are in or are looking at . Dagen, i look at this and i say, we tend to critic the u. S. A fair amount and when you look at the u. S. And coming from the uk, im very proud to be here because the economy continues to do fairly well and i think with some of the changes that we talked about, tax specifically, i know you we wanted to talk about that, maria, with a reduction of tax rates to 20 for companies, i think itll be a very power stimulant. Its further growth. Our guests will have more money in the pockets and thats the middle class, the people that come to our parks, more money to spend and tax rate perspective we will be able to generate 40 to 50 million more because of lower tax rates and that allows us to invest in more you know, more business. Maria this is a really important point that youre making. Its been the business sector over the last ten years thats been sitting on cash and unwilling to open per strings because of regulations, because of a lot of things, mostly regulation, does it bother you that we could see the corporate rate going to 20 and not until 19. They are going to phase it in and hold it for a year. It doesnt bother me. Maria as a ceo do you have time to plan for that . We think long term of whats going to happen to the business, we feel very good about the opportunity because it does provide Business Opportunity for the long term. Thats what we are about. We have five areas of investment. Most companies have one or two. We have five. You spoke about international, we are adding water parks dagen oh, yeah, a lot of water parks. Maria we like water parks. A huge area for us and we have pricing opportunities, season pass opportunities, only a third of our unique guests have season passes. Maria most recent earnings this quarter impacted by the hurricanes . We were, we had four hurricanes maria that was the issue. Three earthquakes hit. Record quarter. You have seen is pretty much at alltime high. Theres more to come. We have gold set for goals set for the future. This is the best growth and yield stock thats out there. And thats because we drive yield in terms of our 9 improvement. Maria nice dividend. I think its a great place to invest in six flags. Maria whats the impact from tax plan from washington . Its very positive. We look at it as positive change. It will drive not only more higher profitability but investment. Maria would you use the extra money and savings to further invest in the business and create jobs . Absolutely. Thats what we are doing already and we will continue to do that. Maria thanks so much. Jim anderson there, six flag, when we come back the Democratic National Committee Feeling the aftershocks about Donna Brazile s comments during 2016 election, her new message for the party after a lot of parties for dems. Big money, designers dolce gabana will get in the pasta game. You will not believe how much they are charging for noodles, back in a minute. Volatile markets. Something we all think about as we head into retirement. Its why Brighthouse Financial 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. Maria welcome back, markets are under selling pressure today. Take a look. Futures indicating a decline at the opening of trading, this right here, thats the low of the morning. Nasdaq also down 25 right now. Couple names on the move. We are watching apple, certainly the Technology Titan is now a 900 billiondollar company. The stock closed above 176 a share giving market cap of nearly 905 billion. It is headed to a trillion dollars. The stock is down a quarter of a percent this morning. Watching shares of roku, crushed wall street expectations yesterday in first report, Earnings Report since going public. Reported adjusted loss of 10 cents of share in Third Quarter but better than analysts expectation, they called for a loss of 1. 39 a share. Shares of roku up 32 right now. [laughter] maria stock is on fire and did well yesterday as well. And then theres this, tsa scoring an f on a recent test of its security procedures, Cheryl Casone with all the details, cheryl. Cheryl a lot of details, undercover inspection by Homeland Security found that tsa officers failed to detect weapons and explosives in the ballpark get this of 80 of the time during that testing and inspectors discovered vulnerabilities with tsa screeners and also with the equipment, Congressional Committee chairman calling the finding deserving. Well, a selfdriving shuttle bus crashing with the semitruck on the day the vehicle debbut in las vegas. Less than two hours after people began to take rides. Luckily nobody was injured. Las vegas police has cited the truck driver for backing up illegally. Kevin spacey losing another charge, reports says hes being cut from all the money in the world, thats a film and replaced by christopher palmer, one month before its supposed to hit theaters, palmer is taking over the role and reshoot spaceys scenes immediately, the film is scinled for release on december 22nd so far. And Dolce Gabanna adding luxury food, the company is teaming up with Pasta Company to launch designer pasta. Special design are going to sell for 110 bucks each, Dolce Gabanna will sell aprons for you. Maria pretty expensive. We are talking about designer pasta, you guys. I dont believe it. Its not a date food. Dagen give credit because the two designers, other designers tried to shame them from dressing Melania Trump and they said, please, shes a great role model, she looks fabulous in our clothing. We are not we are not going make this a political issue. Maria i totally agree. Kudos to them. How great did she look in asia this week. Dagen she always looks [laughter] maria we will take a break. When we come back, Donna Brazile still taking big heat for revealing insider take of National Committee and the entire party. Shes also making a shocking admission this morning and then as the dems celebrate the big election day wins yesterday former adviser to President Trump steve bannon looks to 2018. He says hes declaring war on members oh his own party, back in a moment. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Maria welcome back, divisions within the democratic and republican parties in the spotlight, Lauren Simonetti is here with that. Lauren, good morning. Lauren yeah, good morning. All this has to do with Donna Brazile, former Democratic Party chair revealing evidence of tellall in civil war in Democratic Party and trying to understand how democrats lost the election and why she leads questions at democratic town hall to members of Hillary Clintons campaign. What i thought was to ensure that we had these issues on the table and i made sure that our candidates, i didnt want them blindsided, thats what i admitted to. Wikileaks pointed out [laughter] blindsided. You should do this for a living. Lauren i love his reaction. It raises the question, is there collusion by the dnc with the clinton camp to rig the primaries last year and quite honestly, maria, a primary that Bernie Sanders could have won as you asked tom perez yesterday. But all this is going on. Look at the new poll from cnn, our favorability of the Democratic Party has fallen to the lowest level in 25 years. So more than half people asked had unfavorable opinion of dems. And also listen to the former white house chief strategists steve bannon, he was on hannity last night. I think youre goi democrats in the Progressive Left really go after the wall street cronies of clinton that control the Democratic Party and i think they will have a lot of division in the Democratic Party in the years to come. Lauren and major wins by democrats in governor race this is week, virginia and new jersey, but look, there are fighting in the Republican Party too and did you hear about what bannon said about if majority lead sner. I think Mitch Mcconnell ought to tender resignation. Mitch mcconnell tomorrow should tender resignation and say, hey, after we get taxes done, i will step aside and we will have a revote on majority leader. Maria wow. Lauren hes not in the white house anymore but hes still, you know, churning the pot. [laughter] maria he sure is. Lauren its a mess. Maria no expectation that Mitch Mcconnell will step down, by the way. Dagen certainly not if steve bannon is telling him to do it. [laughter] lauren raises the question about tax reform. The more we look at the details of tax reform bill as you guys talk about all of the time, can this happen . Maria i would say its more likely than ever after what we saw two nights ago in terms of the elections across the country. Very liky. Dagen absolutely. Senate bill hopully comes out later today but seems like it is more along the lines of reform. That if youre going get rid of state and local Tax Deduction, dont put in 10,000dollar property tax giveme to the Home Builders and realtors in the country. If youre going to reform it, if youre going to take away that deduction for the northeast, just get rid of it but then lower the top tax rate. Maria which is what the senate is doing. Dagen right. Youre going to do simplification maria sounds like you like the senate plan better than the house plan . Dagen the senate plan my kates the tax code. Lauren slowly fazing in the corporate. They have to do that right away. Maria one year is swallowable from businesses, i have spoken with a lot of ceos who actually say thats fine, i will have a year to look ahead and try to figure out how to invest and plan ahead. I think your point is right on that its permanent. Thats the key because that actually is going to be helpful in terms of planning for the future. Dagen fullface in, one year late, make it permanent, boom. I want to point out with the democrats, theres a division that you see between the what is the dnc that rigged the election for hillary and democrats on the ground. Rnc raising double the amount of money. Maria good point. Dagen dnc has some debt. But on the ground, local grassroots candidates are raising money at record levels. Maria democrats . Dagen democrats. It remains to be seen if they there are going to be changes at the dnc. Lauren they have a psychological boost after wins on tuesday. Maria for sure. Lauren simonetti, still to come weve been slipping into our favorite pair of lee jeans for more than a hundred years, thousand thousand at fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. When we love someone, we want to do right by them. What is this . But habits are hard to break. Honey, where are the habaneros . And then there are things we cant control, like snoring. snoring now, the answer is right under your nose. Introducing theravent antisnore strips. Clinically shown to reduce snoring with the power of your own breathing. Nice try. There are always things that are hard to let go of. Now, snoring isnt one of them. Theravent. The answer is right under your nose. Maria welcome back. Good thursday morning, thank you so much for joining us. Im Maria Bartiromo, happy thursday to you. It is thursday november 9th, top stories right now 7 00 a. M. On the east coast. Fighting for American Business, President Trump is challenging china calling its current trade deals with the u. S. Very onesided. The commander in chief is the in the country for third stop in his tour throughout asia. We Must Immediately address the unfair trade practices. I dont blame china. Who can blame a country for being able to take advantage of another country for the benefit of its citizens, i give china great credit but in actuality i do blame past administrations. Maria very latest as chinese and u. S. Businesses have now signed 250 billion worth of deals just during the last day and a half during the president s visit. On to the next bill, the senate is expected to release its plan to overhaul our nations tax code later today. Why President Trump says the democrats will like the Senate Version more than what we have seen out of the house. Technology grilled again, Richard Smith and former yahoo ceo Melissa Meyer, details as they testify on recent massive Security Breaches at their companies. Meanwhile retail in focus, big names reporting this morning, kohls and mayies, we are bringing you all the numbers and analysis as we take a look at consumer, the stocks have been trading down. Futures meanwhile also trading down this morning, we are looking at a lower opening for the broader averages. Off of the lows but nonetheless we are expecting the dow to open 60 points, 65 points, quarter of a percent lower. In europe major averages are under telling pressure this morning. In asia overnight, markets closed mix, take a look. Hang seng was the wirn, up winner. Up to three of 1 . What about brexit at tiffanys literally, what it will cost you to finally break bread at the luxury jeweler. Breakfast at tiffanys, i love the. Fox Business Network Dagen Mcdowell, former Intelligence Officer andrew peek and chief Market Strategists katherine is here. Great to see you. Thank you, maria. Maria great hour so far. I cant believe it. Biggest story 2017 how jerry jones became the voice of the American People. Maria funny. Hes pushing back on roger goodell, for sure. Dagen finally somebody does. Maria your big story of the morning . Dagen it is a to be tax reform. The senate seems to be doing a better job at putting together what would look more like real tax reform than what the republicans came up with which was a bar damage can. Maria wow, youre tough. We have indication of what the senate plan will like look. Joining the conversation texas congressman Roger Williams is with us, former chairman of the Federal Reserve Allen Greenspan and former chief of staff to president w. Bush, karl rove. Lets kick it off right here with a big day for tax reform. Senate is expected to release a version of its bill later today, im hearing that it removes the house bubble rate of 45. 6 and removes entirely these state and local income Tax Deduction, it delays the 20 corporate rate now for a year, now theres a lot of talk that it would be 2022, thats not the case, hope to delay it for one year and then cuts is expected theyre expect today cut the top rate on the individual side from 39. 6 to 37 . Joining us right now to talk more about it Ey Private Client Services elda del rey. Hi, maria. Maria youre an expert in taxes, look at the plan as you see today and tell us what most strikes you, whats most important in terms of impact . Well, the bill that we are sitting here today before you see the Senate Version, the Corporate Tax reduction and the lower rate for passthrough businesses which most businesses in america are. Maria thats 25 . Thats the 25 . With many exclusions for service businesses. So we dont have the details on exactly what businesses may or may not and how the rate would work for what part of the business income would be able to have the 25 , so theres complexity there, but very important because thats what america is in terms of businesses. So the goal of the bill is to make it america more competitive in terms of businesses, so we have that. Maria right. Does it both e you that we will see a delay, how much money would that raise actually but pitting the 20 not until 19 . I dont know how they scored one year. They have a whole new Playing Field to figure out how should we be running our business, how are we going to be more competitive, should we not be a passthrough, should we be a corporation, it gives us more time, but, of course, theres one year of less savings. Maria well, also, dagen, youre talking about a 20 rate down from 35. So thats got to be a big deal for corporate even though i know that when youre talking about large multinationals they were paying on average 24 because they had loopholes. Dagen thats why the 20 rate is so critical and President Trump being smart than anybody gives him credit for thats why the red line was the 20 rate because its below the industrialized world average which i think is about 22 and a half and it is below the effective rate that multinationals pay, that they still they are getting a small tax cut but a tax nonetheless and does level the Playing Field and goes to a territorial system which most of the world is on just not the United States. Its so important, i think, the point about Small Businesses because thats the vast majority of job creations in the country. So bringing the corporate rates down to 25 of the passthrough is absolutely critical because it will do nothing less than create jobs, promote Economic Growth and the small caps and the russell 2000, average is 37 Corporate Tax rate, dropping the Corporate Tax rate disproportionately benefits the biggest creators of jobs in the country. Maria lets talk about the individual side of things, thats the corporate side that you like. So the provision in the House Republican tax plan adds 6 bubble tax for the highestend, this would bump up the tax rate on people earning more than a Million Dollars to obviously about 45. 6 . This is being pushed, a lot of pushback on this. How can the senate lower taxes for everybody . Do you like the idea that they are thinking about going 39. 6 to 37 and eliminating the bubble rate . Its not simple. It is very complex. Maria yeah. Adding 6 to a narrow band of taxpayers seems unfair. Maria the point is they dont want the highest and 39. 6ers to have any exposure to 12 initial rate. Right, impacts the extra 6 . Youre making 10 million a year and youre paying the extra 6 , its about 25,000. If youre making 2 million, its a 25,000dollar additional tax. So proportionately doesnt seem quite fair so its a very small number to people making a lot of money but the people who just are in that band, its a big percentage. Maria i think it goes away, dagen. Dagen i think it has to go away. Thats what made me lose my mind. [laughter] dagen people criticized me, stop talking about raising taxes on the wealthy, thats not the issue. Its the fact that the house went in there with this on the corporate side the 20 tax on some payments made to overseas affiliates which, again, idiocy, complicating the tax code on the individual side with this this surtax on people to keep them from getting the 12 rate. Thats what didnt make any sense. Youre going to call it tax reform, make it simpler. If you saw how it was calculated, its actually looking at your income based on gross income before your reductions which is adding a new complication. You add this bubble calculation. Maria they have confined 1 and a half trillion dollars. We are already seeing that the senate plan is 1. 7 trillion. Something has to give. You to pay for this at some point. You cant count on growth entirely. Again, thats why i would personally get rid of state and local Tax Deduction, get rid of it all, simplify it, lets just go there. Lets do that. Instead of like trying to come up with small maria 60 billiondollar a year. Dagen 60 billion, 70 billion. Brings accountability too, dagen, who pays for those increases, theres no accountability for hightaxed states to keep jacking up tax prices. Maria over time this will pressure governors. What did don pebbles say, we will see a massive exodus people leave new york. Its happening. Even mentally without even knowing what the dollar amounts are, people say if im not get august deduction for the state and local income taxes, i can move, then its a choice. Maria yeah. Leaving the country in terms of paying taxes as citizens we pay taxes no matter where we live around the world, citizenship is not really an option. What state i live in, thats optional. Maria if you can put that up, dagen, you also mentioned theres going to be more brackets, theres going to be more brackets in the senate plan, but they are going remove the house bubble rate of 45. 6, remove the salt deduction, delay the 20 corporate rate for a year and perhaps cut top rates which are 37 . Dagen thats actually cutting the top rate, not going with 399. 6 , was something we talked on day one. It was too of a disparity between the 20 Corporate Tax rate and the very high end on the individual side that there seems you seem seem to narrow that gap somewhat. Maria specially whats the percentage of people that pay no tax . Dagen right, close to half of the country pays no tax and 40 of nonpaying americans get back from the federal government, im not talking about refund, something thats refundable to them. One thing we should point out is the estate tax will not go away in the senate bill apparently, there will be some tweaks to it to grow the number of people maria what . Double taxation. Dagen thats an easy giveme for republicans. Maria thats right. And with the retention of costbasis stepup, when you asset that is pass through in a state, the cost basis to the beneficiaries become date of death of market value. That stays in the law so that somewhat balance it is retention of the estate tax at the high end. Maria elda, thank you very much. Elda joining us to go through tax plan. Searching for answers, senators grill former yahoo ceo, affected 3 billion users. Tough questions next. Have breakfast at tiffanys, why not . New offering from the famous jeweler, back in a moment. From the very beginning. It was always our singular focus. To do whatever it takes, use every possible resource. To fight cancer. And never lose sight of the patients were fighting for. Our Cancer Treatment specialists share the same vision. Experts from all over the world, working closely together to deliver truly personalized cancer care. And these are the specialists were proud to call our own. Expert medicine works here. Learn more at cancercenter. Com Appointments Available now. When it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Maria welcome back, now to the president s historic trip to china. Commander in chief warning beijing to cut off north korea but at the same time hes cutting billion dollar deals with the chinese. Fox News White House correspondent kevin cork is live in beijing traveling with the president , good morning, kevin. Hey, there, maria, always great to talk to you. We will talk deliverables and then not so much or deliverables. First to deliverables as we share evening pictures from beautiful state dinner, it has been beautiful visit by the Chinese Government welcoming the president , first lady melania for the evening state dinner, part of beautiful pageantry. Now to deliverables, the president announcing 250 billion in commercial agreement that includes u. S. Made products like jets, auto parts, natural gas and beef and overture to try cut gap a little bit. A couple of days of exchange not just on trade but also on north korea, lets stay with trade for just a second. The president actually, maria, praised the chinese for taking advantage when they could and making the most of their opportunities against the u. S. , in fact, he went so far to criticize previous administrations for let k him do it. Trade between china and the United States has not been over the last many, many years a very fair one for us. I dont blame china, who can blame a country for being able to take advantage of another country for the benefit of its citizens . I give china credit, in act wallty i do blame past administrations. How about that . A real sock in the gut for former commanders in chiefs. Now on north korea, we were expecting to push xi jinping on the north korean problem, do more to rein in, basically we leave with this idea that they just want to see if sanctions can work better. They are open for negotiations, but if youre looking for hard evidence of shift in policy, you were left wanting. I should also point next off is off to vietnam, Rex Tillerson pushing back saying its not a certainty, but if i were betting on it, ill put money on it. Maria im with you. Kevin cork in beijing this morning. The neighbor accusing of assaulting senator rand paul scheduled to appear in court today. Cheryl casone with that story, cheryl. Cheryl new details, maria, rene is charged charged with misdemer assault. Turns out that senator paul is in worse shape than reported. Paul tweeted that he has six broken ribs and fluid around his lungs. He covers at home. Theres mystery about what led to the assault. Attorney called it a regrettable dispute that was trivial. They have been neighbors for 17 years. Former yahoo ceo Melissa Meyer and equifax ceo apologizing. They testified yesterday about recent cyberattacks. Listen to this. They tend to be much more sophisticated, much the state sponsor . Persistent and last for longer periods of time and attack more targets and they expand over often several companies trying to stitch together a picture of what theyre actually seeking. Cheryl mayer went onto blame russian agents for one attacks that hit yahoo in particularly. Dallas cowboys owner jerry jones threatening to sue the league oh over pending contract extension, jones telling commission that they will sue personally. Goodell still upset over decision to suspend ezikieel elliot. You know their jewelry and now you can have their food. Dont you just love it. Love what . Tiffanys. Cheryl yeah, you too can have a croissant and a lot more, maria. The blue bucks coffee opens tomorrow on the fourth floor of tiffany company, you can have breakfast for 29 and tea for 20 more and really special occasions they have small cake and little tiffany boxes complete with blue icing and the white bowe. Stock up 17 . Maybe thats why. They are coming for things for us to spend money on. Maria i like it. Coming up the at ttime warner deal still in the ballots. What assets will be sold if any later this hour. Then channel your inner Stranger Things character by wearing the jeans. Which is why we need as much help as we can get. Maria i will speak to the president about lee jeans. Stay with us right here maria welcome back, retail earnings getting into full swing, certainly in the backend of the thirdquarter earnings period. Today we hear from kohls, macys and nordstrom. This coming ahead of allimportant Holiday Shopping season which for some stores its underway. Kohls reporting this hour earnings below expectation, down almost 8 this morning on the week of expected report. Joining us right now the president of lee jeans, chris, chris, good to see you, thank you so much for joining us. How do you see the state of retail . How is business . Business is good and always evolving the retail climate today. When we look at it and what we can do is staying focused on consumer, delivering consumer fantastic products. Maria are they spending out money . The consumer is spending money on denim today, 16 billiondollar market here in north america and growing at midsingle digit rates. I think whats different about the marketplace today is just how they are shopping and how they are looking for information. Its the digital side of it is very important. For us, we are focusing on delivering content. The consumer, specially the younger one, they want to know about the product, they want to know who the designer was, what their inspiration is and when we look at how we develop product, we are developing content along with that, along the way, so maria what kind of content . Videos of designers, what they were thinking about, inspiration, how the product was made. If you go to our site, thats part of it. The younger consume e wants to understand that. Are you having trouble competing with brands . The youth market . No, listen, great craftsman ship and innovation. We have the heritage that you cant make up and thats part of it and we really try and lean into that with everything that we do. Dagen percentage of sales that you make directly to the consumer via the lee website, how much is that growing from the lee jeans sold through retailers . Its growing 3 times as fast is where we are in that. Maria wow. Thats disproportionate to where you are. You really are, thats where the consumer goes. When you talk about it right now, the consumer can go to our site, they can go to Retail Partner sites as well and get that, plus they get content that they are looking for in the product and they understand what its there. We have two great technologies in our motion for men and dream jean for women and for people to understand how products are made and what they deliver is what theyre looking for today. My question was similar to dagens, online versus going to do store, how much of an issue, you turn on jeans and you have to send them back, is that cutting into profits, how big of an issue is it or how do you see it Going Forward . Its really not cutting profits, it is an issue and how do we get the consumer into the right products, into the right size . Its funny because denim, the worst experience consumers will say for you out there, part of it is getting the right fit for them. Some of the new products and the new technology that we have have bruised with dream and embracing the stretch materials has been important out there and so thats what we are focused on and when we look at it, our competitors right now really arent the Denim Company is the leisure companies. Maria and getting bigger. People wear workout clothes all day long. They do, you cant wear a pair of yoga paints all day long. Maria we do. Dagen you walk around new york city. People wear yoga pants to work. What you can do with denim and dream jean, giving the consume ter consumer the experience of a yoga. Maria is that a stretch in there . A stretch there. You have the fashion of denim, something that you can dress up and down. Its incredibly comfortable, i think stretch has really evolved. Dagen ly wear maternity jeans. [laughter] dagen for days that i eat pasta. Maria go for it. Fashion is really the thing. Lee has differentiated itself in Understanding Consumer and understanding needs and products and how they live their life and so it really start with fashion but then its also how we are incorporating innovation into our products. Maria doing anything special for 100 years . Celebrating 100 years . This is a 100year anniversary of lee being in kansas city, thats part of it, we are actually coming up in february of 2019, 130th anniversary of the lee company. Maria very cool. Chris, before you go, the tax plan, is that going to move your business . What do you think about the tax plan we are talking about right now as the president of major retail . Yeah, i dont know if itll impact us or not. What i can say to you, we are looking globally at our business and we evolve as the marketplace moves and we will continue to do that. Obviously on the north american side of it we are focused on the consumer here and as the consumer has more money to spend, we will benefit from that. Maria we will leave it there. Good to see you, sir. Coming up the Trump Administration implementing a new travel policy for cuba, we will break down the new rules straight ahead. Disney to release quarterly earnings, the expectations coming up right here, back in a moment i am totally bnd. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. When we love someone, we want to do right by them. What is this . But habits are hard to break. Honey, where are the habaneros . And then there are things we cant control, will now, the answer is right under your nose. Introducing theravent antisnore strips. Clinically shown to reduce snoring with the power of your own breathing. Nice try. There are always things that are hard to let go of. Now, snoring isnt one of them. Theravent. The answer is right under your nose. Now, snoring isnt one of them. Hey. Pass please. Im here to fix the elevator. Nothings wrong with the elevator. Right. But you want to fix it. Right. So who sent you . New guy. What new guy . Watson. My analysis of sensor and Maintenance Data indicates elevator 3 will malfunction in 2 days. There you go. You still need a pass. Maria welcome back. Good thursday morning. Happy thursday. I Maria Bartiromo. Thursday, november 9th. 7 30 a. M. On the east coast. Jobs in america focused on innovation. Technology sector growing and its been underreported. We had the story. Significant changes or Justice Department to derail the proposed 85 billion merger between at t and time warner. Our regulators are raising the price its a requiring the sale of time warners broadcasting business which includes cnn or directv. Also watching earnings out of disney this morning are giant to report after the close name. The preview to tell you what to look for a disney. Features indicating a decline of 80 points in now would be though of the morning. Nasdaq down 30 points. Almost one half of 1 . In your major indices on to pressure. Xt 100 down 1. 5 could did he ask in germany down 1 . Each overnight stock certain extent the close with the hang seng in Hong Kong Hong kong. Cuba to report the trumpet minute ration tightening the policy paid what you need to know before booking your flight to louisiana. Templeton to san juan. Returning today program the broadway show to help raise money for hurricane victims in puerto rico. He will return as the lead. Congressional race House Majority whips east police going against congressman dan johnson on scooters. All of that coming up this morning. Joining us to talk all about it. A great panel right now. Our top story this half an hour right now and that is the cutting edge. Apple working on an augmented reality headset that could be in stores by 2020 after google class flunked a few years ago the company now working on a nail care products. Growing faster than ever and sewer jobs a contact a joining us now the Technology Association president and ceo gary shapiro. Great to see you. You and i have spent time together at the Consumer Electronics show, Consumer Electronics association puts on a show every year. This is going to be a big one. Bigger than ever. The largest business event. Over 170,000 Business Executives through las vegas. Almost 4000 companies exhibiting 60,000 people, but the focus here is different. New smart city, artificial intelligence. Also 600 to 800 startups. Br, aar. Drain do we want a preview of the show. January 9th is when it starts. This is what people are not reporting very much. Possible mass production augmented reality in two years you tell us where the jobs are when you look at augmented reality. New jobs are being created by augmented reality, even self driving cars. When we talk about technology and innovation, there were concerns of disruption. New jobs are always being created and refreshed. What we see now since trump has got in office, announcing 230,000 new jobs. 40 companies from amazon to 42 others have said we are creating new jobs in the united state because we are investing in the u. S. Trump has made a difference in creating jobs in the u. S. And the economys doing better in facing changes because of new technology. Maria thats pretty incredible when you think about the fact is a story online right now that the ceo of Deutsche Bank is suggesting robots could replace half of the companys 97,000 employees. This is such a hot subject. Era journalists. Im kidding. Am i allowed to say that . Maria we know its a joke. Dagen you just had it. What policies are Technology Ceos looking at in the United States coming out of the Trump Administration . What has happened so far that they like . Attack company ceos. Talk about technology. Discussion in the boardroom has changed. I had to follow 40 years worth of rules that have built up. To what makes me an Ethical Company today. It is now means creation of jobs cannot value, great things for consumers. The deal is we are going to get rid of the rules which is timing corporate america. Lower the Corporate Tax rate. But in term, focus on america. And also seen also the government, lets train for the jobs of the future. Change or education system. Get on all fours leading the world in innovation. s policy dictated by the company at the individual level rather than by the government. The ceo can decide how green can a company be versus the government making the decision for them. Is personal responsibility. We are going in that direction. Today millions of jobs are open though not skilled americans. Demographically we are changing. We are getting older, living longer than people not around to take care of us. We are losing a lot of new jobs in the future. The question is whether rove will have american strain for them. Its also creative destruction. Workers by robot, having impact structurally on inflation, employment, and where its going to land. What do you think with regard to capacity to get these new skill sets, to produce and replace the displacement of workers not only Deutsche Bank, but low skills come in medium skills. Way. We have to change our educational system for the white house has great proposals. Look, we have hundreds of thousands of jobs open for data analyst today, software writers and others in economies face we need to create them ourselves here or we have to go to canada or overseas. So we have to look at highly skilled immigration, getting the people we want. We have to trade agreements. We cant isolate ourselves or we will fail to thrive as a country. We require trade and thats obviously where the Tech Industry is most concerned about where the administration could be going. Maria one thing i allowed us a lot of these universities, colleges are more concerned with educating and creating social justice for years and focus on the social issues rather than educating young women to be scientists and mathematicians and computer scientists. You will see some of these colleges go out of business if they dont care what the program. Some are doing a great job and some are falling on their faces. Best way for us to buy such a huge source of revenue because virtually any foreign student who pay full tuition, a much smaller minority do. So with the huge money raiser and thats why they are reluctant. Stem graduates are not u. S. Citizens in the way the Public University in the way that works is ironically charged the outofstate student the same recharge before and didnt. The challenge we face is how to keep the graduate. We are paying several billion dollars a year to educate them in the latest, greatest us. We shouldnt be taking them out. The answer is american should be atbats than level. Not for a nurse. We want the best and brightest in the world. We are not educating our kids. We are the beacon for the best in the world. They are biggest companies. I have firsthand experience of the Family Member who is a perfect staff and student, somebody who could be a Technology Leader and she happens to be at a school that doesnt want to hear about it. They want to educate her on social issues. Saying that the schools do a good job and do a great job of finding a student than educating them in science and mathematics. These liberal arts colleges are a thing of the past and thats happening very quickly. Thats expensive even the teaching. We been so promiscuous and giving kids many thats the way we have to change. Change the interest rate. We need nurses, women in these fields. Select adjust the court play. Maria what are the hottest products are going to be talking about at the consumer electronic show . This is the largest auto infrastructure show. Everything in your cars technology. Obviously huge and growing every day. One out of five thanksgiving purchases are going to be through a smart speaker. He just do it that way. Of course we are seeing robotics growing every year. They are seeing the start up for a lot of the innovation is. 800 startups there. Tragic sometimes i feel when they are so smart they are. Do you ever feel that way . I like that. Good to see you. Lin Manuel Miranda back in the lead. Headed to puerto rico. In the aftermath of hurricane maria. The details of channel 10 goes to puerto rico. Sam johnson on his had more hilarious video coming out. They let us. Stay with us. Maria welcome back to the Trump Administration with trade and travel between the u. S. And cuba appear Cheryl Casone. Starting today, american can only travel if they are sponsored to an organization or there is an American Group or university. U. S. Citizens and universities will no longer be able to interact with a long list of people and businesses that allegedly have ties to the cuban military Intelligence Security services. New rules steer american dollars away from the cuban military and encourage economic rebound from the government in that country. Fema is offering to air lift hurricane but in some puerto rico to the u. S. Mainland for temporary housing in new york and florida. Brandeis taking his political play to vacate hamilton to the islands. The lyricist to perform in his hit show as the university of puerto rico will be a three week run in 20 night team to help in the recovery. The carrier promise to say this back in and they shortly before the election truck managed to persuade the company to keep 1100 jobs for 10 years in exchange for millions of dollars in incentives. Now they plan to lay off 215 workers in january. The layoff for month after nearly 340 people were let go. Shares of carriers as you can see over the last year with volatility trading at 128 to watch today u. T. X. Congressman Steve Scalise is turning capitol hill into his tigre using a scooter since he was at a congressional baseball practice in june. Yesterday he challenged 87 congressman sam johnson to a scooter raised inside the capital. Lets watch. Guess who won . Anybody . John bin laden. I love it that he wore a helmet. Anyway. I thought there would be a rematch. Nice to see Steve Scalise having some fun. Thats for sure. Hello star wars impact disneys bottom line. The yearning pic nations they reported after the bell tonight. Back in a minute. Dad we walk inside. And its raining. Our home was ruined. We couldnt live there. Mom our first concern was the kids. This was going to be hard on them. Chubb got us a place to stay in the same school district. Otherwise it could have been a nightmare. Dad. Chubb turned a disaster into an adventure for our kids. Mom. And no one missed a day of school. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Maria welcome back in the major media deal on the brink. Significant changes to the proposed 85 billion time warner merger. Regulators raising the pot at at t would have to sell time warners broadcasting business which includes cnn or the directv business. This is interesting that we are hearing this because this deal was getting close to closure and now this. What is your take on this, kathryn . Definitely an interesting prospect for 21st century to sell a lot of their profits to disney especially because it gives them more international exposure, et cetera. It seems like it has fallen out of favor. If so could have been. Turn to fox valley and much of its assets with the exception of fox news and fox sports, parent of this company. You are looking at lots of different moves. At t time warner deal is asking companies to sell the broadcasting unit. Are you saying because we see more deals that could be likely . It could be and i think it makes sense at the end of the day for both of them. Also looking at disney earnings. Its going to be mediocre, but if they report to the downside because 2016 was so remarkable, especially from the movie component of their business, then i would be looking at accumulating exposure. There is also going to be tremendous pressure on the Justice Department to approve that this isnt a politically motivated against cnn basically because the president hates it. Maria and made him, too. Definitely a negative relationship. Interesting talking about vertical integration. Which hasnt been rejected by the government in terms of acquisition with regard to the time warner deal. Having been shot down by the government for decades. So it would be very interesting. Dagen much discussion which is very interesting about regulators calling on at t to divest part of the asset because people automatically try to make a purely political. However, a lot of people within the Justice Department to her just staffers who have been eager to shut down some of these combinations in these takeovers, mergers or at least put restrictions on them for years. This is a winwin if you will. It looks political, but its actually not. I think thats very interesting. The backandforth about what the at t ceo says theres definitely a backandforth about at t offered to sell cnn and Randall Stephenson said i never got produced out cnn and have no intention of doing so. A lot of speculation and a lot of question marks. And now the cfo, at t cfo is saying the deal is now uncertain. So if they dont sell cnn and the turner broadcasting business, it is in the dealing question. The cfo said yesterday that cfo john stevens, that the deal is now uncertain. And because of dickens point that the issue unites the right and the left, you know, its unlikely. Thats a strong head wind. Dagen people who work at justice have been eager to take some of these tales apart or put strict conditions for years and president of almost turning the country. Of a comeback, and the cma awards committee watch it . It got political. The jokes that the artist made about President Trump. Next hour, mornings with maria. I can do more to lower my a1c. Because my body can still make its own insulin. And i take trulicity once a week to activate my body to release it, like its supposed to. Trulicity is not insulin. It comes in a onceweekly, truly easytouse pen. The pen where you dont have to see or handle a needle. And it works 24 7. Trulicity is a onceweekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you have a personal or Family History of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if youre allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may worsen kidney problems. To help lower my a1c i choose trulicity to activate my within. Ask your doctor if onceweekly trulicity is right for you. [lagale force winds,s absolute chaos out here accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Maria welcome back. Good thursday morning thanks so much for joining us i am Maria Bartiromo it is thursday, november 9 happy thursday to you your top stories 8 00 a. M. On the east coast, very onesided, quote unquote President Trump challenging china slamming current trade deal with United States, commander in chief is in the kin, of course, for the third stop on tour throughout asia. Trade between china, and the United States has not been over the last many, many years a very fair one for us, both United States and china will have a more prosperous future if we can achieve a level economic Playing Field. Very latest as chinese and u. S. Businesses signed more than 250 billion dollars in deals, during the president s visit, on to next bill, senate is expected to release its plan to overhaul countrys tax code later today, why President Trump says democrats like their version more than what we have seen from house, retailers in he focus names reporting o kohls and macys, kohls earnings mixed as i see the stock is down 9 , macys hitting tape revenue missed expectations at macys Third Quarter samestore sales down 4 from year earlier, even though earnings wrert better that seemed to move macys stock up 2 kohls down 8 that is worsening, broader markets retail in focus showing you that on a economy led by ask Consumer Spending not doing hot dow industrials down better than 100 points on earnings news of the morning dow, nasdaq s p 500 negative nasdaq down twothirds of 1 dow industrials down half a percent in europe the indices there down between twothirds of a better than 1 , in germany on dax next in asia overnight stocks closed mixed with best perform in hong kong, hang seng up threequarters of 1 , democrats disarray former intern dnc chair Donna Brazile bombshell sending shock wavers throughout the party former chief strategist steve bannon begins the beginning of a civil war in the Democratic Party Country Music highlights from awards a new rendition of one of Carrie Underwood hit songs took aim at President Trump coming up to break it down fox Business Network Dagen Mcdowell former u. S. Army Intelligence Officer andrew peek, chief market stralth Katherine Mooney here, good morning. Great to be here a lot to talk about we top news right now with this, President Trump, wraps a business second day in china, trade was issue number one blake burman at the white house, now, with the rundown blake. Reporter maria, good morning to you you might remember back when President Trump announced june 2015 running for president , it was in the very first minute that he singled out chinese trade practices fast forward now about two and a half years or so down the road and in his very first trip to china, the president took direct aim at the massive trade deficit, however, the president said it was past u. S. Administrations not china who was at fault for the trade gap. I dont blame china. [applause]. After all, who can blame a country for being able to take advantage of another country for the benefit of citizens i give china great credit. The president also said that trade with china has not been quote very fair and he specifically singled out he three things, access force Technology Transfer intellectual property theft that alone the president said costs u. S. 300 billion dollars each year u. S. China did annoyance 250 billion dollars, in deals, though, some of that appears stretched out over time, some as well had been in the works. By the way, maria the president we believe is still at that state dinner there, in china the next stop of this trip vietnam. Maria back to you. Maria blake we will watch that thank you so much blake burman at latest there, republicans on capitol hill this morning moving forward, the tax reform the house ways and Means Committee enters final day of markup, hammering out details of the house bills this as senate reputation are going to be revealing their tax bill later thank you today according to our sources, that tax plan will include this, the removal of the socalled bubble tax 45. 6 in house plan, they are going to eliminate the state and local Tax Deduction entirely that has been up for debate, in the house plan, and they are going to delay that 20 Corporate Tax rate for one year. Most ceos we spoke with feel this is a a fine plan, that one year is not as onerous as we had been talking about, and there is also talk that they are going to cut top rates individual rates, from 39. 6 to 37 joining us right now house Financial Services Committee Member congressman Roger Williams of texas, good morning congressman thanks so much for joining us this morning. Good morning, maria. Thank you. Mow are you expecting the senate plan to differ from house plan. I think i named it i am not so sure have a i want a phasein i am a Small Business owner if you are having Tax Reform Tax cuts go ahead and do it we will see what happens there, i do like the idea that we do away with bubble tax i think if tax reform, Everybody Needs to have tax cuts to be able to benefit from it so i like that idea, and inheritance tax another issue we propose to do away with it in house as you know, the senate may go another direction, but lets take a look at it we need to get tax reform done, main street america waiting on it middle income folks waiting on it we need to a get it done get it done this year. What is time line once Senate Ballot for the most part if not anything too on us in there would you be prepared to take that plan vote on that plan move that through the process give us a timeline on that what next couple weeks looks like. I think what you are going to see as you said marking our bill up today, with idea that we can get it out by thanksgiving, and, of course, the president put the emphasis on getting something done by the first of the year so you know we will take a look at the senate i am wideopen, like i say, when you get highest tax rates in the world you he need to get it if i could i want to see tax i want everybody be able to benefit to a certain degree with puts not panhandled begin to create are a cash flow in this country. Will you be forced to make changes on deduction we know senate plan is going to probably complement eliminate salt deduction you got pushback from your party right peter king lee zeldin darrell issa dont want to agree to elimination of that deduction of the state and local taxes, would you be poised to put in caps, maybe you know, for those making i dont know 400,000 dollars, they can still deduct that or not . What do you think. Well what i ins the argument some higher tax states i get it fighting for their for their constituents, but you know, i dont know that i support caps i mean, we either do or either dont, so people know that know the rules it is supposed to be making easier not harder. , of course, this whole thing maria could be done away with on these what do we do what do we dont . If we understand Economic Growth is going to grow a lot with trooem the other thing weve got to get to where were having massive cuts in federal government at the end of the day the pay fors, economic development, and taxing federal government i hope we get there some point. You keep looking for pay fors, right . The salt and local Tax Deduction would raise 1. 3 trillion dollars, is there anything, that is lowhanging fruit would get you that kind of money to pay for this plan . Well the only lowhanging fruit in my mind 1. 33 trillion dollars in 1. 3 trillion dollars in federal krurts in federal government we got to do that do away with pay fors frankly make it easier. Dagen congressman name one thing that could wind up in this tax bill that would case to you vote no on it one thing. Well, i dont know that i would i am still undecided one thing fighting for interest deductability for small events we thought taxing expense doesnt make any sense would reduce jobs cut inventories cut options for for shoppeers something fighting for i hope we are able to get that contain care of but i am undividedundecided street America Needs it look at the ability to say year going to have tax cuts tax reform, what would happen if main street stock market if we do something . So that is where i am. There has been talk representative about kevin brady ted cruz wanting to include individual mountain elimination but in your view would that the entire package one question the other question for you congressman is how real is the possibility in your view that this could end up temporary Corporate Tax cuts could end up temporary simply because they cant find funding to comply with the senate rule. On individual mandate i certainly support that getting rid of the individual mandate i mean that frees up the middle income main street a lot. Maria right. I dont know necessarily that belongings in a tax bill. Right. I dont want to see throw something in there might keep it from happening, so i think we get we need to get back to health care we need to get back to doing away with with obamacare that is where the individual mandate would fall i think best. Do you look at this plan as more crucial than ever before particularly after what we just saw on election day how democrats had a pretty good sweep does that worry you into 2018 election. Look we all promised myself included i first ran in 2012 for tax reform, president ran on it we need to deliver on that, as far as what happened in virginia new jersey i dont think that is a something that is a trend, i mean those are states that President Trump didnt win anyway but aside from all that we need to deliver, and tax reform is what we have all talked about tax cuts, and we need to make sure we do that has been i am one that wants to deliver to give right product to the American People, and i think we are on that course. Maria you are going to do as much as you can to vote yes . Look it, i am undecided but a positive guy. Positive. We can get it done. Good to see you thanks so much we will watch the developments. Thank you a lot. Maria Rodger Williams big night Country Music recap cma awards took jobs at President Donald Trump straight ahead are we into a retail ice age macys mixed earnings revenue numbers take a look the stock up but hardly a blowout quarter we are going to break down the numbers as kohls sells off this morning by 8 stay with us. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Sfx road noise sfx tires screeching sfx horn honking daughter daddy we dont say words like that just let your love flow like a Mountain Stream and let your love grow. More questions this morning about why exactly the Justice Department is saying not so fast to at ttime warner detail, Nicole Petallides good morning to you. Good morning. We are watching these stocks this morning, we are seeing at t down slightly and time warner again down threequarters 1 time warner dropped 6 1 2 yesterday today we are learning more about what is developing from the department of justice refraining to 85billiondollar deal that was actually due to close by october 2016, and was created october 2016 but not going to happen at this point because there is so much uncertainty from department of justice you have head of at t saying did not officer to sell cnn there main concern merging if i were will raise cost of time warner content, so something has to go whether cnn with cable channels or directv uncertainty we talked about possible lawsuits as well in the works, so continue to watch stocks this morning, a little bit lower, back to you. Maria Nicole Petallides on wall street this morning, joining me right now to talk more about it cfoo cfr Research Senior analyst, good to he a you yesterday spoke to cfo time warner, at that time at that time was at conference said look we dont know timing this deal we dont think going to close this year, do you agree with that . I think that comment spooked the market i think clearly there is a lot more specialist uncertainty as to timing of the deal seems investors taking a step back there is less likely hood deal will close i dont quite get strateglegal rationale why government could take this stand that it is anticompetitive. To the allsets under one roof the worry that they have too much Pricing Power raise prices on content of at t, and time warner, time warner owns hbo, it owns tons of content obviously cnn. You know i overheard, last conversation of your guest i think there were spoton you have to go back long time to see where government blocked a vertical integration of this nature you think he headtohead competition a chance deal will go through, but you are absolutely right, you know when you look at the dynamics of the landscape i think right now it is easier for us to argue that a deal will close. With some conditions. So look across the spectrum in industry for us, if they had to sell turner broadcast would go there be bid errs are you expecting consolidation in landscape we saw rumors disney was talking to fox, about buying many of their assets. Want to ask you about disney earnings as well. Sure, the name of the game right now is all about scale and i do believe there is a lot of wave of consolidation still ahead, you know, as far as this deal is concerned, i think it is really going to you know, saet new paradigm in temperatures of how Media Companies approach content on, dr. We have seen at t directv comcast, and, you know, Nbc Universal do i believe to your question, that as we look out on horizon, there is every need for companies to get bigger, more leverage negotiations with their you know with partner. What are you expecting disney earnings last quarter worried about. Spn is that going to be a problem. I think this is a transitional quarter maria just gotten through a very relatively challenging fiscal year year, this quarter, we see some destructive factors what hurricane irma, you know what i see, huge impact of cost, eespn factors that we think that if you look out for this current fiscal year espn help reshape. A big deal a potential gamechanger. Would you buy stock ahead of the earnings. I would, we have a apply recommendation, 120 in terms of 12month target price. Others, fox, how about time warner at t . You know, fox reported last night i think results were fairly decent right now we have a buy on fox shares as well we think takeover premiums to your question on the potential interest of disney on entertainment could be value unlocked there at t a buy recommendation on the shares as well we think time warner deal could be compelling for them with all the streaming going on directv now, et cetera, so overly i think everyone is really looking to get bigger and were seeing these content arms race really one of the catalysts driving deal. Content still king. There you go. Good to see you. Thank you so much, and, ask zloufr 20th century fox Parent Company. Wars brewing within the party that is coming up former Federal Reserve chairman Alan Greenspan stopping by, he will weigh in on President Trumps Federal Reserve chair nominee jay powell will join me next back in a moment. No matter how the markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. When we love someone, we want to do right by them. What is this . But habits are hard to break. Honey, where are the habaneros . And then there are things we cant control, like snoring. snoring now, the answer is right under your nose. Introducing theravent antisnore strips. Clinically shown to reduce snoring with the power of your own breathing. Nice try. There are always things that are hard to let go of. Now, snoring isnt one of them. Theravent. The answer is right under your nose. Or a little internet machine . Now, snoring isnt one of them. 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. Woman back Senate Banking committee announcing it will begin to confirmation hearings for President Trump Federal Reserve chairman nominee, jay powell on november 28 if confirmed jay powell will take the central bank from janet yellen when her term ends february joining me write now former Federal Reserve chairman Alan Greenspan. And mr. Chairman always a pleasure to see you thanks so much for joining us. Good morning, maria. I know it is not in your style, to comment about new chairmen, Federal Reserve but, of course, you led for so many years and left it in perfect condition, what can you tell us if anything about jay powells sort of mentality and approach i know he has been on the fed so many years already, do you expect a lot of change with this transition mr. Chairman . Not really, i have known him for a number of years, well before he was on the fed. And he has got he is not an economist when you think you have complexity issues that dealt with by the staff of the fed you Research Operation Federal Reserve system is the best in the world. And he has backing up supplying information on every subject you can imagine. But he has the able to make judgments giving that information base, i think he will be perfectly fine i think you know, he is going to confront problems with great deal of uncertainty where all of us were in that slot must do. Maria are we facing some really different challenges today given the fact that they have already said they want to wind down the Balance Sheet mr. Chairman . 4 1 2 trillion dollars, i mean that is a whole another issue, that comes into play, for a new chairman, at a time when you are dealing with the issues that you dealt with so many have in terms of Economic Growth, inflation . What is your take on new challenge of winding down the Balance Sheet in the face of all of that . Well, first of all, maria, it is not as large not the four trilliondollar Balance Sheet that is worried about remember goodly part of that is the holding of treasury securities of Federal Reserve so that there is double counting. If you handle Treasury Department plus the Federal Reserve, as a monetary unit there is a great deal of intramovement of funds get washed out. So the nowhere near 4 1 2 trillion nonetheless, there is no doubt when Federal Reserve begins to shrink the Balance Sheet it will pickup truck ward pressure on Interest Rates in fact, that is the very process by which fed or generations has so that is really interesting point, so, yeah, talking about raising rates maybe get rate hike in december but you say the shrinking of the Balance Sheet that will put the upward pressure on rates, going out the next couple of years . Exactly. Yes. Do you think that that is going to upset an Economic Growth story that is just gaining traction . We saw 3 quarterly last quarter then before it another 3 feels like things are loosening up companies loosening Purse Strings does that unwinds smash that right at a time just gaining traction . Well, first of all, fourth quarter, less than 3 and youve got to revise what is causing the problem in caused the problem for years is productivity growth virtually stagnant since crisis productivity growth a big number of under vopd that lower rate of growth we donned have underlying real gdp growth. And with the number of people that becoming available shrinking we have effective full employment now weve got pressures now where upward pressure on wages is going to accelerate. Largely because supply and demand a situation which is not conducive to my general view is the fact that were not about to go down as far as i can see. But would i be very cautious about having large 3 plus rates in gdp growth in future. Brings me to conversation about fiscal policy versus Monetary Policy mr. Chairman for the longest time we have been really relying on Monetary Policy, to move this economy forward. Certainly since the Great Depression of 06 worse than a generation do you think this tax bill is going to move needle on Economic Growth. Frankly, i think that we ought to be impersonatconcerned federal debt rising very rapidly pace there is nothing in this bill will essentially stop that from happening. So my view is that we are premature on fiscal stimulus whether tax cuts or he increases weve got to get the debts stabilized i think politically a mistakes i should not say politically, i should say economically it is a mistake to deal with sharp reductions in taxes now, i grant you, that if Corporate Tax is way out of line, we have one of the most heavily taxed corporate structures that exists in the world, and i think it is probably wise to bring it down corporate rate i like issue of bringing down to 20 from 35. But dont look at dont look to that as a major factor in expanding the economy. Just brings us back to neutral. As far as relatially come pettiveness. You dont believe this tax plan, your laughing, this tax plan will generate enough growth to try to pay some of this tax plan . I was original construckor of Ronald Reagans cuts on with anderson, auk ill tell you we have a lot of shoehorning some of the numbers as they are having today, one thing i will say about reagan once he heard how bad figures were he said gentlemen budget deal, abouts economic advisers tell me that everyone, he dealt with equally harshly said mr. President that is you can be assured of we went ahead with it, but congress did not pass a lot you like the idea that Corporate Tax comes down to 20 . Because you want to get in line with rest of the world. But sounds like not crazy be lowering rates for everybody the individual side of the plan is a little too expensive is that what you are saying. I think we have to stop the rising entitlements as i have said probably on your program ad nauseam for years. Right. Unless we can do that, and still it is going to slow rate of growth, next year, but then the demographics going to pick up again going to accelerate it is merely an issue of age structure of the population. People retiring the issue now should not be taxes should it be how do you slow down and indeed as reduce federal expenditures. When you do that you turn to entitlements quick mr. Chairman on bitcoin so much debate about whether or not a real currency what is your take on bits county. Called fire money that is i would use analogy of. Maria welcome back, thanks so much for joining is this morning. Im Maria Bartiromo, hooep you thursday to you it is thursday, november 9 top stories 8 30 a. M. On the east coast. Party divides steve bannon taking aim at Republican Leadership on capitol hill on democrat side Donna Brazile taking aim at critics within the party. I want to bright this a a book tell my story i want American People to see what happened i want a democratic activity rankandfile democrats those are the people i listen to respond to i want them to know how hard we worked to elect Hillary Clinton. Retail earnings in focus kohls shares plummeting down 9 right now company missed profit expectations for quarterly in conjunction higher expenses on bottom line macys higher 2 an earnings beat even though revenue underperformed markets look like this futures indicating lower opening for broader averages around lows of the morning down 100 points on dow industrials, down almost 50 points on nasdaq. In europe this morning, similar story weakness across the board ft 100 down twothirds of a percent cac quarante down 1 as the dax in germany. And a mixed story in asia as i see best perform honoring honoring hang seng next up threequarters of 1 kevin spacey has been cut director scot says he will remove and replace kevin spacey from latest film, just weeks before the film is actually planning to be released, it is already done, the massive under thaibing harassment claims continue to grow Country Music political last night highlights from last nights awards, including a new rendition of one of Carrie Underwood hit songs took aim at President Trump sleuth our troops, we will take you live to the navy ships in new york city, from veterans week as we salute our troops ahead of veterans day that is coming up, we kick off with top story this half an hour, democrats already in disarray this morning Donna Brazile bombshell he go revelations spoke against kriths on Tucker Carlson tonight steve bannon weighed in on hannity last night on fox saying he belize this is the beginning of a civil war within the Democratic Party lets watch. But i want to channel another woman ied a mire so much that is Michelle Obama say can when they go low you go high perhaps what i did on sunday when i told some of my detractors to go to hell as you well know some conservatives know that i have always had a quick towning i told people in press i really feel you know, i show of i should have just go higher. I think you are going to see democrats in the Progressive Left after wall street cronies of clinton, that controlled democratically party you are going to have a lot of division in Democratic Party years to come. Joining us right now former deputy chief of staff to president george w. Bush for, newt contributor karl rove. I thought pre good said go to hell told you how she felt. Donna is a person, when we saw inner donna on sunday we saw the cautious donna last night on tucker. Karl this is going out on a limb it is Dagen Mcdowell is type of Democratic Candidates they need to run in about three years . Because, again, Donna Brazile showed the very thing Hillary Clinton lacked authenticity. That is right, and look donna would make good candidate but does she is authentic individual hill was not. The Democratic Party is in is being disrupted , because you saw it in virginia, veer they won with a candidate for governor, who was a neurosurgeon gulf war vet voted for george w. Bush twice at end of campaign in spoovgs to sanctuary cities he won, the hard left of the Democratic Party is that is not kind of candidate they want to nominate in 2020, and probably dont want to nominate in 2018, i was tan aback by reaction of the left to a suggest of Rahm Emmanuel democrats if they Want Congress in 2018 look back at 2006 do what he did as chairman of the Democratic House effort that year that is go out recruit culturally conservative candidates like veterans, Law Enforcement personnel and red states red districts to run, and he made that suggestion, the democrat left went nuts. Making all kinds of demands statements threats that anybody tried to do that there would be heck to pay. Karl i think that is right, if there is one Silver Lining for republicans, in tuesdays election it was that a candidate like that will never make it through the primary. That in a general election in a president ial election, that is not the kind of candidate they want with that in mind do you have any leading candidate you think in 2020 right now has the bit between teeth. Look, there are several geological agents coming a and going before 2020 election lots of things are going to change i think the power of the what i kayou will the wing sand wing Democratic Party growing in strength but you are right the points you made, that the silver the only Silver Lining in the Virginia Election was that northam not the candidate in wall street journal i thought well written packed with a lot of information i think i did a pretty good job on it myself if i do say so we are glad you wrote the oped, thanks for that karl, let me ask you this one year after President Trump won election, here we are in oneyear anniversary, former president s george w. Bush, and father george h. W. Bush are bashing the current commander in chief, so in a new book the last republicans, the elder bush reportedly told author President Trump is blow hard george w. Reportedly said quote this guy doesnt know what it means to be president. So karl what is your take on this . You are obviously former deputy chief of staff for george w. What is your reaction . And i was so struck by the fact that we didnt happier from bushes for 8 years under president obama, for 8 years the lawlessness that ent with on so many areas of government you didnt hear peep from them now all to say about President Trump. Interviews in ending may 2016 more than a year half old president bush is you know look, donald trump is about the antithesis of george h. W. Bush, a great man, married to same woman 70 years, comment bu was a blow hard the way donald trump conducts himself opposite of george beneficiary, 43 about trump response to aftershocks he was best Foreign Policy advisory president bush 43 said you dont know what job is about when you go into presidency if you think like barack obama remember he said he could do any job better in campaign than the people who are doing their job if you think you are the smartest ignite in the room you are president that is a big problem because, the president has to surround himself with smastest people smarter than get this trump people say how radar president bush say things about donald trump i remind you, that in 2004 donald trump supported john carey for president over george w. Bush said george w. Bush had advanced knowledge of 9 11 deliberately did not act on that lied about wmds in iraq in 2007 donald trump said delighted with performance of nancy pelosi as speaker his only complaint was she hadnt done more to impeach george w. Bush, so all the trump people out there how radar president bush opine about donald trump, i remind you, President Trump has already opined plenty of times about president bush 43 i dont think that president bush was worthy being impeached, he didnt lie about wmdhe didnt have advanced knowledge of 9 11, he was better candidate for america in 2004 than john was. I get all that i dont understand why we didnt hear a peep from them during obama years that is all. President bush 4 attitude give my successor a decent interval of quitetude, commenting in interviews about republican president ial sweepstakes. Great to see you thanks so much. Thanks for having me. Joining us there, we will take a short break a lot more to come right here stay with us. When we love someone, we want to do right by them. What is this . But habits are hard to break. Honey, where are the habaneros . And then there are things we cant control, like snoring. snoring now, the answer is right under your nose. Introducing theravent antisnore strips. Clinically shown to reduce snoring with the power of your own breathing. Nice try. There are always things that are hard to let go of. Now, snoring isnt one of them. Theravent. The answer is right under your nose. Prosecutors reportedly look to being make a deal with mallm me former soninlaw Cheryl Casone. Cheryl this is a story, the wall street journal reporting that Justice Department is seeking a plea deal in criminal investigation of jeffrey who isnt facing charges, sources tell journal manafort President Trumps former campaign manager, invested in the house philliping projects journalling says this is separate from special counsel muellers coincidentry into russia meddling last years election. There are reports say kefb spacey is cut from movie all the money in the world replaced by Christopher Plummer more than a month before the film to hit theatres director ridley scott going o to reshoot spacey scenes already immediately he appeared in trailers scheduled for at least as of now december 22. Well this years down music wards emotional acknowledged those lost in hurricanes, political, poking fun at the president. The cma has given us some guidelines when specific topics to avoid so we cant be doing any silly little songs because this years show is a politicize free zone. What about, going ongo ongone,gone, hill is back pe creative but no. Right now probably in pjs watching cable news reaching for cell phone. Really . And middle of the night from the privacy of a gold he plated tilet asset writes little Bob Corker Sml rocket man starts a nuclear war,. Please. , by the way, Carrie Underwood song garth brooks entertain of the year admitted lipsynching said he was sick. Dagen reported top of the show lipsynching. Chris gains was ridiculous was one step away from wearing that wig how bad it was. Stu, you are here with us Senate Republicans to introduce tax reform going fast and furious in washington. I want you to put that interview live on this Program Veterinarian vae on Varney Company can you do that. Live 11 15 a. M. Now. What do you want first question to be . Is it true that you are thinking about reducing the top the top individual tax rate from 39. 6 to. That is what i am hearing in senate plan. Going to be on your show so i will make sure that first question. The market is down, because your thinking about phasing in one year 20 Corporate Tax rate is that right mr. Treasury secretary. I am not bothered by that how do you feel almost opens opportunity for businesses to plan for the inebriation year, okay, we know 20 in 19. What they are doing they are getting extra money by delaying a year, and can spend that extra money by giving the 1 if you want to call it there a slight reduction in top rate i like. It see you on your show with treasuring second mnuchin. Thank you very much see you nine minutes top of the hour after mornings with maria stay with us. Well be right back. 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. Welcome back tomorrow annual celebration of countrys courageous veterans who keep country stay of to coincided with veterans day two guided missile cruise carrying 700 sailors docked in new york harbor to participate in events throughout the week former Navy Fighter Pilot Lea Gabrielle live happy veterans day thank you, maria happy veterans day to all of our veterans who are watching i am standing here uss, behind me uss behind me named after five brothers all served together in battle of quadal canal all killed, no better way to think about veterans than standing on two navy ships with commander share why it is so important to navy to be here in new york city to celebrate veterans day weekend. Every veterans day is special and for navy to be here, navy has a long hist with new york. One of the first shipyards that we built for navy right here in brooklyn, is to navy, new yorks sons and daughters served country every major conflict. Navy come home in the ship standing on named after battle, you have six veterans onboard tell us about special welcome home receiving. That is truly special veterans served in that battle, the oldest ship named after battle from vietnam war for them to be backward serving sailors carry on legacy of service to our Nation Special for them for our sailors. For about us for to be here with us in about new york city thank you for being here thank you to all your sailors, these ships are here at home levying comfortable [audio breaking up], reminder of stow much we were losing feed toward end thank you so much, andrew peek with us you are a veteran thank you Courageous Service to our great country you proudly blaifl bravely served how do you think the situation has changed going into veterans day. I think it is good, to have a president connects culturally with a lot of military particularly Ground Forces and clearly when he goes to military bases they like him very much. I think also, you reflect the a lot on veterans day i think like memorial day veterans at home with loved ones, fwhkdz what they have done. Breaking news for fantastic veterans happy veterans day thank you so much for service stay with mornings with maria. Well be right back right after this. E analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Maria thanks, everybody. Right to Varney Company. Another amazing show. See you in a couple hours or thanks very much, maria. President trump turns on the charm. He tells them cut off north korea. Either way, news on taxes, too. Good morning, everyone. President trump across the world stage. Publicly a very conciliatory towards china on trade. He doesnt blame them for the huge trade deficit. He gives them credit for playing the hand while. Hes coming away with trade deals with a quarter of a trillion