We now know that. Another historic move by the administration President Trump flanked. [indiscernible] this as south korea warns the road regime to the north it could be affixing tell lots more missile tests before the end of the year which would be in direct defiance of International Diplomatic rules and pressures. From main street to wall street to capitol hill tax reform still issue number one. Senate leadership it could be a fire sale. Tax reform. It all comes to this. It appears that there is now at least five republican senators threatening to do that. At the capital. Last week during our show senator rob johnson came out and said no. We are now close to half a dozen now. It depends on how you look at this. They were all jockeying for position. They were going to be debating and voting on that. Everybody wants something. And then a few of those. John mccain. Ron johnson. Lisa murkowski. They are traditionally some of the problems that republicans had had pushing the agenda forward. Langford is concerned about adding to the debt. Those three and 1. 5 trillion. Did the vote for the budget resolutions. She is expected to be a no and over the weekend she actually was calling for some, rises. Take a listen. The reduction in the business tax rate is too steep. And then use that money which is about 200 billion to restore the Tax Deduction for the state and local property taxes. This is all jockeying backandforth. Over the weekend said look, we want to get tax reform done at we have to maybe we dont repeal here he is in his own words. If we can repeal part of it and to have a tax bill is still a good tax bill that can pass thats great. If it becomes an impediment to getting the best tax bill we can keep an eye mostly on Susan Collins. She is getting it drilling and in one. Keep an eye on the sport mostly. It really does seem numb langford and as of course we have seen jeff flake. We are waiting to see if Sarah Huckabee sanders when she takes the issue will she address the issue they dont really seem to be talking about a fiscal conservative behavior a real linchpin of conservatism. We thought last week. One of our sources was actually giving us the notes with senators. They know that public reaction to the tax bill this is the words from inside that meeting in the phone call. It is is not good for the senators. The words used during the whip call last night. Lets get to the payment pavement. Real movement this week on some of the biggest media mergers that have been keeping investors on the edge of their seats because they have not gone through or been officially announced but the rumor meal dash mill is going nuts. At this time on friday charlie gasper you was breaking some news on this. Lets take this now. Secretary of state is there as well. Lets listen in. It was to pursue the the denuclearization of the korean peninsula. This designation will impose increased sanctions and penalties in north korea that will continue our progress towards that goal. North korea has ported acts of International Terrorism including assassinations on foreign soil. The position as this. The north korean regime must be lawful. It must and its unlawful nuclear and missile program. We have secretary of state Rex Tillerson here to answer some of the questions he will make a couple of remarks and then take questions on that topic. Ill be back after that. Thank you sarah. And esther indicated he did make the designation earlier today and announced in the Cabinet Meeting. I think it is really just the latest step in the series of ongoing steps to increase the pressure i call it the peaceful pressure campaign. There is no confusion. For number of a number of actions that they have taken after the last several months. Some of you will know that north korea was designated as a state sponsor of terrorism back in 1998. They had been designated before. It was lifted in 2008 as part of an effort to associate with north korea and into their nuclear program. That obviously failed. Because we can see where we are today. The assassinations outside of their country using banned chemical weapons. These are all very serious actions on their part. It puts the public at risk at will. Along with a number of other actions of ticket resulted in their designation now again. I think sarah indicated the practical effect of it we already had so many of these actions in place. It made it and disrupt and dissuade some third parties from undertaking certain activities as it does impose the prohibition on a number of other activities that might not be covered by existing sanctions. This is just continuing to point out that north koreas illicit unlawful behavior internationally and we thought it necessary to reimpose that designation for that reason. I will let sarah referee. I am no good at that. [indiscernible] why wait until we are back in the u. S. And this seems to be canada. We still hope for diplomacy. The timing of this is just one of us concluding the process there is a very specific designation process that we have to go through at the state department to be able to meet the criteria and make such a designation. And we want to ensure that we have fully met all of those requirements this is all part of continuing to turn this pressure up and we continue to turn up on north korea by getting other countries to join. We had had other countries in our visit to vietnam. They have committed that they are going to curtail activities further. Singapore has cut off all trade. And just recently they had been in africa. The Sudanese Government has traditionally been buying weapons from north korea. They will halt all of those purchases as well. Its taken effect all around the world. As it takes effect this just continues to tighten the pressure on the regime all with an intention to head him understand this is only going to get worse. Until you are ready to come and talk. We are hopeful that he continues. This quiet time. We hope that he will continue to be quite as well. This designation as i have said is one that we are required to undertake from time to time. We had weve been monitoring the situation. We wanted to make sure that we have significant evidence. This is a process that started actually several months ago. You mentioned that they increase that pressure. How long do you get that. We get the information. And then what the chinese and other share with us. The general belief is having us with a significant effect on north korea. There are current shortages of fuel based on what we can gather from certain until sources we know that their revenues are down because the number of the Revenue Streams are being curtailed now. I think it does have an effect. Its the reason that we havent have a provocative act in 50 days. We are hoping that it will continue. I think the president and his address in Seoul South Korea i thought he laid out the case very well to them that he wanted them to come have talks. He wants to deliver a different future. Can you give me an example of a Third Party Transaction there could be certain dual use equipment that may not had been covered under previous sanctions. And i want to suggest to you that the designation is suddenly going to put a whole new layer of sanctions on them because again i think we already had north korea so heavily sanctioned and some anyways with the resolutions that have been undertaken but this will close a few additional loopholes. Can you give us another example on foreign soil. Ill have anything that i can share with you specifically. The treasury has been there. We have not given up. Let me say this with china. To ensure that they are fully committed to implementing all of the un sanctions. As you will recall the last rounds of the sanctions have a pretty severe restriction. You control the oil pipeline whether they are doing that are not. Its very difficult for us to know whether they are taking actions to curtail all supplies to them. President trump said the Treasury Department is going to be announcing additional sanctions. I would like to leave it to the treasury. Were just we are just going out more broadly now. I would like to leave it to the announcement tomorrow. Do you see it as more symbolic are something that does have a lot of keys to it. It just points out again what a rogue regime and this is and how brutal it is. And how little they care for the value of human life. I think it is just the nature of this regime. They may be limited but hopefully we are close enough of you loopholes with this. If china does not agree their fuel supplies are already quite constrained. We had evidence that there are fuel shortages in north korea obviously the civilians are by and large the ones that cant get fuel. We see long lines of vehicles. We see certain stations that appear to be out of fuel because they are closed when normally they would be open. The indication is that they are already quite tight and as you know they only refight a small amount of their fuel needs. They operate at a low capacity. They were dependent on imports of finished fuel products it has been constrained significantly. I dont know that the cutting off of oil is the magic wand or the Silver Bullet that can bring them to the table. What i would say is that the north koreans have demonstrated a pass. They would make their people pay but they have an enormous capacity. I dont want to suggest that we think that that one action is all it takes to get them to the table. I just want to pick up on olivias question. How indeterminate was that specific evidence that you made the determination and also wanted to ask you i think that was unusual. And about that meeting. On the assassinations. It was a significant event that cause us to really begin to look carefully at what else they might have been doing because that assassination involved the use of a chemical agent. Agent. One of the things that we wanted to ensure was that we have a sufficient certainty around their role in the particular assassination. Weve been working with malaysian authorities as well. I want to let them have their own process play out as well. We are just both in the Cabinet Meeting today. There has been a suggestion. Was that a determining factor at all. You talk about that. And using the chemical agent. In london. Should they be considered. I think we have to consider every country that would take a substance like that and use it illegally. I want to comment on that. Pain the price. It is always a difficult place choice that you make. They already live under infamously difficult conditions and i think while we are focused on a mission is contained north korea in the trash trajectory that is the best way we can help the north Korean People in the future is to have him reduce his Nuclear Weapons program. They would provide a better life for his people. They are running out of diplomatic options. No, i do not. To have time for one last question. Thank you mister secretary. You talked about limited intelligence on north korea and on the regime. Is there any evidence or possibly reaction against the current government by other members of the family i want to be a little careful about how i answer that. One i would comment on you are well aware of the number of executions that have occurred. Within his inner circle. And within many of the military people that are close to him. I will leave it to your own interpretation. Thank you. See mac. Will get to some more questions. I know there is a lot of interest today thank you again secretary of state for coming in and answering questions. As many of you shift gears just a little bit on some happier notes i know a lot of you have started to notice that the Christmas Season has officially arrived here at the white house. The first lady and beren trump will receive a beautiful 19foot Christmas Tree which will serve as the official Christmas Tree. It will arrive via horse john wagon. In wisconsin. The chapmans or grand champion winners of the 2,017th national Christmas Tree contest. They had presented the official white house Christmas Tree since 1966. The grand champion grower. We have some other holidays like things giving coming up. And this will be our last press briefing. I want to share a few things im thankful for. Obviously im clearly very thankful for all of you. In all seriousness im very thankful for my family my faith, that thankful for the brave men and women of the military many of whom who are away from their families during the holidays protecting the freedoms that all of us in this room enjoy. I am thankful for the incredible revenge privilege. I get a call on you. If you want to ask a question i think its only fair since ive shared what im think before that you start off with what you are thankful for. Does anybody want to be first. Start a stop at what you are more thankful for. Im think a full for 20 years in this job. For my family and my friends and thankful to the be able to question you every single day. I hope you felt the passion of my spirit. There is a black hole that comes from intelligence. And he was talking about things will get worse until there can talk. With that said. The concern about the intelligence and what we know about. That relates to the Nuclear Capabilities of north korea and what are the concerns about that. The biggest concern is making sure that we take steps every single day to protect americans thats what the action of the president is and in the he is taken today. To put a very large focus on d nuclear rising the nuclear that peninsula. We dont feel like they are fully there yet. That we take steps to prevent them from getting any further into this process. I cant go really can go really deep into specifics on information like that but certainly the priority of the ministry is to protect americans and partner with our allies and our friends around the globe to do that. I think that is what your seat with some of the actions that took place today. Im sure that they will happily ask for that. Im starting to regret calling on you first. And i wanted to go away. I will move on to one of your colleagues. Im thankful for you calling on me. I want to ask about something that kelly and conway said. She did not directly endorse a republican that is running. However, they opened the door to a question that we have not really discussed. Whether the president would be supportive of a campaign of someone like Luther Strange or jeff sessions. I think we had addressed this. I would have addressed it quite a few times. Who their next senator will be. I had answered a number of questions on this topic in our position has not changed over the weekend. It is certainly still the same as it was. On thursday and on friday. Supportive of people of alabama and making the decision of who their next senator should be. And thank you for my health, my family and my faith. Im thankful that you addresses every day here. My question is about the senate race and this is an unusual question because normally we would ask you a question about the republicans and the nominee. For the statewide office. And whether or not the president is supportive of that. But my question is just that. Would you be pleased if roy moore wins his senate race in alabama . The present wants people both in the house in the senate that support his agenda but as ive said in as the hatch prohibits me from going any further. This is a something that the people of alabama should decide. I will not weigh in anything for further beyond those comments. Im thankful for my family and my parents and thankful that they sent me to the university of michigan and not ohio state. My question is on taxes as well. That the Democratic Council do you think still think you can get democrats on board. Who would certainly still like too. I dont know why they would not want to support tax cuts for the middle class. It seems like something that they should be running to cast their vote for. Im thankful for the first amendment. Kelly and conway today, i want to ask my question a different way. She sent she warned the voters not to support doug jones. Is that the position of this white house that voters are better off voting for someone accused of that. As i had answered i think even for the third or fourth time just today just as well as ten or 15 time on thursday and friday of last week. It has not changed. We feel like the people of alabama should make the determination on who their next senator should be. Im giving you the answer in the and the position of the white house. Im grateful for my daughter and my family. As opposed to michigan. Does the president really regret that. And what message does that send. Maybe they can be held captive. The president was certainly very glad and thankful to see the relief of the athletes. And frankly its really fortunate that the president has built a Strong Enough relationship with president she that he was able to secure the american citizens. Whenever the president is able to use his office and those relationships to help american citizens he certainly is going to do it. The president was happy to intervene. I think he has made that clear by taking action upon himself to do that. And certainly something he has done several times in these brief short ten months that he has been in office. Im thankful for surviving our 12 days in asia. Im happy to be back here. The president has not made a weekly radio broadcast for more than a month now. Have they been scrapped by this administration and if so why. What is looking for different ways we have received quite a few comments and a lot of feedback that that weekly address was not being used to the full potential. We will keep you guys posted as those details happen. Im not im not aware of any conversations. The welfare reform is desperately needed what exactly is he talking about. Would sams or medicaid. I think there is no secret that the president has spoke about this during the campaign. And when we have specifics on that. I think the first part of next year. To see the details on that. You did break the rules by not seen anything that you are thankful with. In talk about the way has values or doesnt value the diversity among that. Not just in the judiciary. But across the administration. With the terms of relief on friday. They have not added any new name for nearly a year. If ellicott was a good type to do that. There is nothing more to read into it other than expanding the list. I would have to look at the specifics before i could comment on that. Thursday was your family. You guys had already thought through what you are thankful for you. Youll be ready and prepared. They actively encourage the Justice Department to move forward. Im not aware of any specific action taken by the white house. Do you have a view on that. Not at this time. Im grateful to have the opportunity. And im grateful to only have a month left. President trump called them ungrateful. Im just curious because they have already apologized their briefing last year. What was he looking for. To intervene and it was less about the players and the father of one of the americans. The White House Press secretary Sarah Sanders buttoning up this News Conference. During the News Conference we had breaking is that according to sources the department of justice will pull the trigger and file a lawsuit to block the at t time warner merger. Join us now is the Cox Communication president. Charlie do you first on this news. Before i got cut off by the News Conference this is what i was going to report. They are closely monitoring the action on time warner. With planned action sales. Heres what we know it from sources close to the matter. The antitrust action against the time warner deal complicates the 21st century plane. It could delay in the sale of assets there would be nearly impossible to sell to comcast. This would be an integration where they would say its a horizontal integration there is potential Companies Inside their that are sold and competing among themselves. It becomes antitrust. Still a something that could be a deal killer. The reason why you see our stock down so much right now. If you take a look at fox right now. Is because what the savvy investors are saying is that is when the announcement was made. If you cant get through the at t time warner deal which is purely vertical and they usually like the vertical nature of integration because there is less antitrust issues. The integration you are not going to allow Something Like a disney sale or purchase of our assets. As more of a horizontal thing where we do have some properties that could be erratically competing. That is what investors are saying. This is something that the market has been waiting for every Telecom Merger right now they say it is put on hold. It doesnt mean it wont roll the dice. This thing right now involving the doj is probably the biggest news on wall street right now. It puts the brakes on. It just puts question marks there. Including our plan and asset sales. We are clearly shopping. Mr. Murdoch and his investment bankers. Charlie you should listen to this. In the foxbusiness exclusive the president of the biggest privately held Business Company pat with this news. First your reaction to it. Do you think that that is politically motivated or antitrust sort of competitively motivated. Good afternoon. This news would break. I think what were starting to see is we live in a new world today. And the big tech it is all getting redefined right in front of us. It means the department of justice has to figure out where the lines start to get drawn. They are going back and forth. We have some concern about the company the size of at t and directv. Making sure that we did not lose our access to that content. What you are seen seeing right now is the department of justice. With that new world Going Forward where everyone is connected i think we will see how this plays out. At t has a very strong position about it. We know they will file suit right back. My question becomes what happens next when you have a face up between the doj and the ceo of the company is trying really hard what do you think eventually happens if you face a stalemate. Things tend to delete before the steel even got to the department of justice. I think we will get the do a new definition of what antitrust is. And we will find out where the lines get drawn. This is just february of this year. They were there to have up the sec. They said i dont even expect the deal to come to my desk. He seems to strike a very magnanimous tone. It was only then that President Trump started saying they have to get rid of the cnn. And suddenly it is taking a much tougher stance. Lets just go through the timeframe. It wasnt that long after the private conversation that they have it with some of the senior advisers both of whom are gone right now. Even conversations that his soninlaw was having. They did not like the steel and they thought there was too much concentration of power. Despite the horizontal point of nature. Your businesses that arent necessarily competing with each other. It used to be the basis for an intake antitrust claim. You get a bunch of businesses that need to be there. You merge fox news and cnn that would be competing audiences for cable news. But now it looks like they are changing the dynamic and this is the question i head for him. If they bring a suit on this like they had been and this is a vertical integration what chance do you give a fox sale of some of the major content assets to disney or comcast. Can you assess those. And give us some odds. Back earlier this year when liz and i spoke with that this deal would go through. There is an abundance he. Can they take content lately. I dont want content going with me. Lets go upstairs and ask them. You have more content. Im never afraid to bang on the door. You had spread out into different businesses. I thought there was no problem with it. They are couple of domestic cable networks. Most of the seem to be international. It is a pretty straightforward with sale. They have said publicly that they want to keep the sports assets. You guys were smart because you went into different branches of business. You announce it here a couple of years ago. I do want to give an update. We do these pieces and then we never follow up. A Stunning Development where homely and you put cameras in peoples homes actually saved one of their customers from the house burning down because a lizard somehow started on fire. He actually was appreciated tip of his home light service. There he is. Actually caught the tank on fire. Their home life customer. They have door locks they can unlock from work. Save their house. Happy customers. Cox is one heck of an american company. The media merger friendly. When we come back much more ahead. We have lost about 40 points of gains here. The dow is up 63 points. Dont go away please. Is this a phone . Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. They have vacated much of capitol hill. There is a shadow continuing to look over that. Will we get tax cuts before 2017 expires. He voted yes it to pass the house version of the tax reform bill with the fact that there are now five to six possibly even seven senators right now who are no or maybe votes. You are a yes vote. Will it be more to what you have voted on. It is good to be with you. I was very happy to vote on legislation that would reduce taxes from 95 to 98 . But my constituents and with all of the discussion on the state and local tax issue. We need to get honest reporting on this been truly a middleclass tax cut which Many Democrats dont want to admit. They are not that large. We had four brackets they had seven. I actually liked the senate bill better. I actually like that better. There are a lot of differences. I dont call them major differences. The individual mandate on obama care. I support that. It created an extra pool of money to do things like write off medical expenses. I think that was a good move. They are pushing that 20 cut on Corporate Tax to raise some additional monies to include what we think are some common commonsense solutions. Frankly with the exception of the passthrough entities like what is going on with the senate plan but i think the numbers work. We could lose 22 votes in the house and still pass. I believe what we are gonna see with the 80 to 90 of the senate bill. Hope you get a passthrough piece. Because the margin is so skinny in the senate. They will carry today. We are limited on time. I must ask no relations but the senator senator Susan Collins of maine said she would be more comfortable with the plane of the senate side of 22 Corporate Tax cut. And then leaving in the the state and local Tax Deduction. Within the plan. You are from one of those states i know you are okay with this. In the elimination of that deduction. There is more than enough. With the transfer of wealth. To the red states. What do you say to battle back. Looks like the punishment of middleclass taxpayers in blue states. It goes back to our millionaire tax. Where the 3 . In texas is zero. Even a state like massachusetts is 5 . We have egregious tax on what we have the millionaire tax. So our governor and albany politics are driving the wealthy out of our state and a set changing. My constituents in upstate new york would average incomes under 60,000 living in average homes. They are not taking these deductions now. Within the deck district certainly is. If they change the corporate to 22 and put some things back i would be fine with that. We have to end it there. I appreciate you waiting thank you congressman chris collins. When we come back working at check on at t stock. It still up 69 points. Roadside assistanceutual r helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. I enjoy the fresher things in life. O. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest. Prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices. From over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Liz at t stock up about a third of a percent. Time warner down more than 1 after the Justice Department apparently is going to file a lawsuit challenging at t and time warners merger deal. Let me bring in phil orlando, of federated. He has more than 300 billion in assets. Chief equity strategist. I need to get your word on the consolidation in the media world. Whether it is for an investor play the arbitrage offer all the moving pieces . Reality we dont know. We have a massive tax bill coming. The rules today may not be there this week or next month. It is difficult to get involved in m a, not knowing what the rules will be. Liz what do you like right now, if youre not loving telecom . We think treasury yields grinding up towards the 3 level the next 18 months or so were avoiding interest sensitive areas like utilities, telecoms and reitss. Focus on areas that are economically sensitive. Liz google, they did not participate that much today. We have most of them down but for netflix . They have had a tremendous run over the course of the first seven or eight months of this year. Seeing a little bit of a rotation towards some of the midcap and smaller Cap Companies benefiting from the stronger dollar. The fact that well get some tax cuts here. So that is beneficial and reality is, that youre changing your leadership a little bit. The trees dont grow to the sky and fang stocks will not go up every day. Liz we have dualing comments. Morgan stanley says watch out 2018, not necessarily the beginning, sometime in 2018 we may see the bull market get old here. The reasons on the screen. Extreme leverage buildup. Exuberant sentiment. Maybe throughout 2018. Excessive policy tightening which is higher interest rates. You have addressed that. Goldman says the econo data is pretty good. Where do you stand . Were in great shape until the middle of 2019. Morgan stanley is the being most conservative. This is the most hated rally in history. Sentiment is not accepted. [closing bell rings] powell taking cue from yellen, policy we think will remain dovish. Liz happy thanksgiving, phil orlando, good friend of this network. Markets are closing higher today. David thanksgiving week pop starting out the shortened holiday week. Hi, everybody, im david asman. Melissa im melissa francis. This is after the bell. We have more on the big market movers. Here is what is were covering this very busy hour. The white house wrapping up the last press briefing before thanksgiving. Sarah Huckabee Sanders hit with a barrage of questions what Kellyanne Conway said in regard to roy moore on sunday. This as another woman is speaking out against al franken accusing him of